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Hersha Hospitality sells Manhattan hotel at highs

Mar. 14, 2018 9:49 AM ETHersha Hospitality Trust (HT) StockBy: Omer I., SA News Editor6 Comments
  • Hersha Hospitality (NYSE:HT -0.1%) sold its Hampton Inn property in the financial district of NYC for $32.4M.
  • The sale price generated about a 20x EBITDA multiple, and the proceeds will be used to buy back stock.
  • Source: Press Release

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