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BRIEF-Hersha Hospitality Trust acquires Seattle's Pan Pacific Hotel
February 22, 2017 / 9:50 PM / in 8 months

BRIEF-Hersha Hospitality Trust acquires Seattle's Pan Pacific Hotel

Feb 22 (Reuters) - Hersha Hospitality Trust

* Hersha Hospitality Trust acquires Seattle’s Pan Pacific Hotel

* Hersha Hospitality Trust - deal for $79.0 million.

* Hersha Hospitality Trust - intends to engage in a tax-deferred reverse like-kind exchange with respect to company’s acquisition of Pan Pacific

* Hersha Hospitality Trust - disposition of suburban west coast portfolio is forecast to generate approximately $65 million in taxable gains Source text for Eikon: Further company coverage:

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