Posted 8/21/2012 - 7:14:43 AM
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EWING, NJ—Hersha Hospitality Trust has purchased the 50% stake it didn't already own in the 130-room Courtyard by Marriott hotel, here.
The hotel is well-situated in this sub-market of Princeton, in close proximity to a number of high-profile corporate offices, including Bank of America-Merrill Lynch. Hersha, a Philadelphia-based lodging REIT, didn't disclose either the name of its former joint venture partner or the price it paid for the remaining 50% stake.
