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+--- Thread: HERSHA HOSPITALITY AQUIRES,RITS-CARLTON (/thread-84.html)
HERSHA HOSPITALITY AQUIRES,RITS-CARLTON - TEAM HARLFORUM - 01-10-2016
Hersha Hospitality Trust,
Philadelphia, has acquired from New York City-based Millennium Partners the 86-room Ritz-Carlton in Washington, D.C.’s Georgetown neighborhood for US$32.5 million, according to multiple reports.
With more than 20 hotels in its stable, this deal gives Hersha its first Ritz-Carlton and marks its fourth acquisition in the city. It also owns the Capitol Hill Hotel, St. Gregory Hotel and Hampton Inn by Hilton Washington. The Ritz-Carlton opened in 2003 and underwent a guestroom renovation in 2014.