Hersha and Cindat close $385M loan for Manhattan hotel portfolio

Hersha Hospitality Trust and Cindat Capital Management secured a $385 million loan from UBS and China Merchants Bank for its portfolio of seven hotels in Manhattan, according to documents filed with the Securities and Exchange Commission. The properties covered in the transaction include the Holiday Inn Express Times Square at 343 West 39th Street, Candlewood Suites Times Square at 339 West 39th Street, Hampton Inn Times Square at 337 West 39th Street, the Hampton Inn […]

Source: Real Estate

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