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BRIEF-Hersha Hospitality Trust completes sale of two suburban Washington, DC hotels
January 11, 2017 / 1:44 PM / 7 months ago

BRIEF-Hersha Hospitality Trust completes sale of two suburban Washington, DC hotels

Jan 11 (Reuters) - Hersha Hospitality Trust

* Hersha Hospitality Trust completes sale of two suburban Washington, DC hotels and exits the Mystic Partners joint-venture

* Closed on sale of 203-room courtyard by Marriott in Alexandria, VA, and 120-room residence inn in Greenbelt, MD for $62 million

* Has agreed to a 6-month extension to close on sale of three suburban west coast hotels for $130.5 million

* Redeemed interest in Mystic Partners, buying all ownership interest of 285-room mystic Marriott Hotel & Spa in Mystic, ct Source text for Eikon: Further company coverage:

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