Hotel Online
News for the Hospitality Executive


Hersha Hospitality Management (HHM) and The Procaccianti Group (TPG)
Resolve Lawsuit

Following Open Discussions, Claims Against TPG have been Voluntarily Dismissed

PROVIDENCE, R.I., March 28, 2012-- Hersha Hospitality Management (HHM) and The Procaccianti Group (TPG) are pleased to announce that the parties have resolved the lawsuit pending in the United States District Court for the Eastern District of Pennsylvania, Hersha Hospitality Management v. The Procaccianti Group, et al.

HHM had sued TPG and four of its former employees (two of whom had previously worked for TPG) accusing them of wrongdoing in connection with the departure of the employees from HHM to TPG.

However, after open discussions with TPG and the former employees, HHM is satisfied that TPG has neither received (from the individuals) nor used any information proprietary to HHM.

HHM is also satisfied that TPG was not involved in procuring any confidential information from HHM, that the individuals did not give such information to TPG, and that TPG was not involved in any wrongdoing as alleged in the suit.

Accordingly, HHM has voluntarily dismissed the claims against TPG.

About Hersha Hospitality Management
Hersha Hospitality Management, commonly referred to as HHM, operates over 80 hotels ranging from luxury and full service hotels to select and limited service hotels from coast to coast. HHM provides turnkey hotel management and asset management for properties with leading brand affiliations through Marriott, Hilton, Hyatt, Starwood, and Intercontinental Hotel Group. HHM also operates twelve independent hotels ranging from the Rittenhouse Hotel, a AAA five diamond property in Philadelphia, to the oceanfront Postcard Inn in the Florida Keys. Their highly experienced team is accustomed to serving as a fiduciary to publicly traded companies, joint ventures, institutional real estate owners and private investors.

For more information, please visit

About TPG Hospitality

TPG Hospitality is considered among the nation's elite hotel companies by evidence of its consistent national ranking as a top hospitality manager and top hospitality construction company. These results have earned TPG preferred status as an approved operator of all the major hotel brands including Hilton, Hyatt, InterContinental, Marriott, Wyndham, and Starwood. TPG Hospitality currently manages a national portfolio consisting of sixty one (61) hotels located coast to coast throughout twenty three (23) states with nearly seventeen thousand (17,000) guest rooms and over one million square feet of meeting space.

For more information please visit

The Procaccianti Group (TPG)


To Learn More About Your News Being Published on Hotel-Online Inquire Here

Receive Your Hospitality Industry Headlines via Email for Free! Subscribe Here  

Also See: Hersha Hospitality Trust Acquires Philadelphia's The Rittenhouse Hotel / March 2012

Hersha Hospitality Completes Sale of 14 Non-Core Properties Generating Net Proceeds of $40.5 Million; Part of an Ongoing Portfolio Transformation, Four More Sales to Close by End of Q1 2012 / February 2012

Hersha Hospitality Names Mark Wagner as General Manager and Deirdre Yack as Area Director of Sales and Marketing for Hyatt 48 Lex in New York City / October 2011

Hersha Hospitality Opens New-Build 116-key Hyatt 48 Lex in New York City / October 2011

The 499-room Hyatt Regency Indianapolis in Indiana Launches $19 Million Guestroom Renovation / October 2011

Hyatt Unveils Hyatt House, an Evolution of its Extended-Stay Brand; 38 Hyatt Summerfield Suites and 16 Recently Acquired LodgeWorks Hotels to Be Rebranded / September 2011

Hersha Hospitality Trust to Sell Portfolio of 18 Non-Core Properties to Starwood Capital Group for $155 million; Agreement Represents the Largest Sale in Hersha's History / August 2011

Edan Ballantine Appointed as Director of Food and Beverage at the Grand Hyatt New York / August 2011

Hyatt Hotels and Extell Development to Build New 54-story, 487-room Hyatt Times Square in New York City / August 2011

Hersha Hospitality Trust to Acquire the 175-Room Hyatt Hotel in Union Square, New York City for $104.1 Million or About $595,000 per key / July 2011

American Resort Management and Hyatt Hotels Open the 100-room Hyatt Place Long Island/East End in Riverhead, New York / July 2011

Hersha Hospitality Trust to Acquire 260-room Marriott Courtyard Westside in Los Angeles, California for $47.5 Million or $182,500 Per Key / May 2011

Hyatt Regency New Orleans, Shuttered Since Hurricane Katrina, Set to Open in October 2011 Following a $275 Million Redesign / May 2011

Hersha Hospitality Trust Acquires 112-room Holiday Inn Express Wall Street and the 81-room Hampton Inn Financial District in New York City / April 2011

Hersha Hospitality Trust Acquires Three Newly Opened Hotels in New York City for $165 million / $284,000 per Key / February 2010

Hersha Hospitality Management Adds 1,000-plus Rooms to Portfolio, Outlines Aggressive Growth Plans Via Third-Party Management/Joint Ventures / October 2009

Hersha Hospitality Trust Acquires the 45-room Duane Street Hotel in the Tribeca Area of New York City for $24.75 million / January 2008

To search Hotel Online data base of News and Trends Go to Hotel.OnlineSearch

Home | Welcome | Hospitality News
| Industry Resources

Please contact Hotel.Online with your comments and suggestions.