Hersha completes purchase of two hotels

Hersha Hospitality Trust closed its purchase of two hotels in New York.

Hersha Hospitality Trust closed its purchase of two hotels in New York. The Hampton Inn in Farmingville was purchased for $21.5 million, including cash and the assumption of $15.5 million in debt. The Holiday Inn Express in Hauppauge was purchased for $18 million, including cash and the assumption of $10.6 million in debt. Hersha is a real estate investment trust that has local headquarters in Harrisburg and owns 62 hotels.

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