Hersha hospitality trust sells courtyard san diego for $64.5 million

Philadelphia, jan. 04, 2021 (globe newswire) -- hersha hospitality trust (nyse: ht) (“hersha” or the “company”), owner of high-quality hotels in urban gateway markets and regional resort destinations, today announced it entered into a binding sales agreement on the 245-room courtyard san diego for $64.5 million resulting in a net book gain approximating $5.4 million. the courtyard san diego has no property-level debt and will result in net proceeds of $64.5 million which will be utilized to repay borrowings under the company's credit facilities.
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