Google Plus Facebook LinkedIn Twitter Vimeo RSS

HHM continues to grow West Coast hotel management operations

By

Hersha Hospitality Management LP, which does business as HHM, continues to grow its West Coast hotel management operations.

The management affiliate of Harrisburg-based Hersha Hospitality Trust, a self-advised real estate investment trust that specializes in select-service hotels in urban gateway markets with high barriers to entry, has added the historic Figueroa Hotel in downtown Los Angeles to its portfolio.

The 285-room Figueroa is directly across the street from L.A. Live, a 4-million-square-foot entertainment complex adjacent to the Staples Center, which includes the Nokia Theatre.

The Figueroa joins the company’s full-service division and 17 other managed properties on the West Coast.

In all, HHM operates 115 hotels across the U.S., including 28 independent hotels.

The company has steadily grown by working with a select group of large asset managers with sizable hospitality portfolios. That list includes BlackRock Financial and Starwood Capital Group.

HHM reported $23.1 million in revenue in 2012, the latest data available, according to Business Journal records. That was up from $17.5 million in 2011 and $13.2 million in 2010.

The trust, which is publicly traded, finished 2013 with $338.4 million in revenue, up from $301.2 million.

Jason Scott

Jason Scott

Jason Scott covers state government, real estate and construction, media and marketing, and Dauphin County. Have a tip or question for him? Email him at jasons@cpbj.com. Follow him on Twitter, @JScottJournal. Circle Jason Scott on .

Leave a Comment

test

Please note: All comments will be reviewed and may take up to 24 hours to appear on the site.

Post Comment
View Comment Policy

Comments

close
Subscribe to Our Newsletters!
Click Here to Subscribe for Free Now!