Opens 65 room Hampton Inn Manhattan/Seaport
|NEW YORK CITY, N.Y., March 29, 2006—Hersha Hospitality Management,
a hotel management company of nationally franchised, midscale and upscale
hotels in the eastern United States, today announced that it has opened
the 65-room Hampton Inn Manhattan/Seaport-Financial District. Hersha
Hospitality Management will operate the property on behalf of BCM Seaport,
“We will continue to actively seek appropriate third-party management contracts,” Shahriar added. “We believe there is an opportunity to add two to four contracts to our portfolio by year’s end. Our ideal property remains mid-market and upscale hotels with high barriers to competition along the Eastern seaboard, particularly in urban areas.”
Hersha Hospitality Management is a hotel management company providing operations and development services to upscale and mid-scale hotels with strong, national franchise affiliations in the eastern United States. The company currently provides hotel management services and asset management services to more than 50 hotels in the top markets in the nation, including metro Boston, Connecticut, New York City, New Jersey, Philadelphia, metro Washington D.C., and Atlanta. For more information, please visit www.hershahotels.com.
Certain matters within this press release are discussed using forward-looking language as specified in the Private Securities Litigation Reform Act of 1995, and, as such, may involve known and unknown risks, uncertainties and other factors that may cause the actual results or performance to differ from those projected in the forward-looking statement.
Hersha Hospitality Management, LP
|Also See:||Hersha Hospitality Trust’s Joint Venture with CNL Hospitality Properties Buys 144-room Manhattan Hampton Inn / September 2003|
|Hersha Hospitality Management to Operate Two Newly Opened, Hilton Family-Branded Hotels in New York Metro Area / February 2005|