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REAL ESTATE INVESTMENT firm Hersha Hospitality Trust will sell seven of its select service properties outside New York for $505 million, or approximately $360,000 per key, according to a statement. Proceeds will go to cover some of the company's debt and provide liquidity. The properties in the deal are the Hotel Courtyard Brookline, Hampton Inn - Philadelphia, Hilton Garden Inn M Street, Hampton Inn - Washington, Courtyard Sunnyvale, Courtyard Los Angeles Westside and TownePlace Suites Sunnyvale. The transaction is expected to close in the third quarter of 2022 subject to customary closing conditions, the statement added. The revenue from the sale reduce debt of approximately $460 to $480 million, and around $390 to $410 million of Hersha's corporate debt. The company also wants to reduce mortgage debt by approximately $75 million. The company also wants to reduce mortgage debt by approximately $75 million.

Red Roof Inn Hutchins is now open in Hutchins, Texas. The 41-room hotel is owned and operated by Jay Patel as his first hospitality venture. Red Roof Inn Hutchins is close to Dallas and attractions including the Cold War Air Museum, Trinity River Audubon Center and Trinity Forest Adventure Park, Red Roof said in a statement. Red Roof Inn Hutchins is pet friendly and is part of the RediRewards program from Red Roof. The hotel also takes part in Red Roof's RediClean program. Patel was introduced to Red Roof by a friend and existing franchisee. "Red Roof's team has supported me throughout this project, from start to finish," Patel said. "Special thanks to Alex Shamsuddin, Red Roof's Regional Vice President of Franchise Sales, who collaborated closely with me to secure permits for the ideal location in Hutchins, Texas. The robust logistics industry in our county, coupled with other significant businesses and local attractions, sets our hotel up for success."

THE BAIRD/STR Hotel Stock Index rose 10.5 percent to 6,760 in December, according to STR. Moreover, the stock index closed the year with a 38.4 percent gain in 2023, driven by a favorable interest rate outlook boosting investor sentiment and valuation multiples. "Hotel stocks - like the broader market - finished 2023 on a high note as the 'soft landing' narrative and lower interest rate outlook continued to boost investor sentiment and valuation multiples," said Michael Bellisario, senior hotel research analyst and director at Baird. "Both the hotel brands and hotel REITs were up more than 10 percent in December and outperformed their respective benchmarks. For the year, the hotel REITs' 19 percent gain more than doubled the return of real estate stocks broadly, while the hotel brands' 44 percent increase nearly doubled the performance of the S&P 500." The U.S. hotel industry closed the year on a strong note, said Amanda Hite, president of STR.

PEACHTREE GROUP, A commercial real estate investment firm with a $6.4 billion portfolio, has secured approximately $660 million in credit investments since Dec. 1, with an additional $350 million expected to close within the next 30 to 45 days. These investments focus on hotels, multifamily, industrial, and student housing, Peachtree said in a statement. "We are witnessing heightened activity in response to the anticipation of sustained elevated interest rates and continued reductions in bank exposure," said Greg Friedman, Peachtree Group's managing principal/CEO. "The pressing need to refinance maturing debt, estimated at $2.8 trillion in U.S. commercial real estate debt by the end of 2028, is a growing concern. Commercial real estate stakeholders are grappling with the challenges of increased capital costs and constrained liquidity, particularly in securing capital for acquisitions, recapitalizations and development initiatives." Peachtree recently closed one of its largest individual credit transactions to date, securing a $102.9 million, three-year loan to recapitalize a 350-room Marriott dual-brand AC Hotel Sunnyvale Moffett Park and TETRA Hotel, Autograph Collection in Sunnyvale, California, the statement added.

PEACHTREE GROUP, A commercial real estate investment firm with a $6.4 billion portfolio, has closed its third hotel property structured as a Delaware Statutory Trust with the acquisition of the 98-key Hilton Garden Inn in Jackson, Tennessee. The acquisition provides 1031 exchange investors the chance to reinvest proceeds from real estate sales, enjoying tax deferral benefits and maintaining a strong real estate allocation, Peachtree said in a statement. "The hotel's strategic location near healthcare and manufacturing jobs, including Ford's planned $5.6-billion Blue Oval City, along with a diverse collection of entertainment and retail destinations, establishes it as a valuable addition to our expanding portfolio of DST properties," said Tim Witt, Peachtree's president for 1031 Exchange/DST Products. Peachtree launched its DST program in August 2022 and is a top-15 sponsor in the securitized 1031 exchange marketplace, according to Mountain Dell Consulting's year-end market equity update.

Having an adventure in San Juan islands is a great fun as you can watch a seal closely and play with them by staying on the cruise itself.

Having an adventure in San Juan islands is a great fun as you can watch a seal closely and play with them by staying on the cruise itself.

The tour level is a bit close to adventure. There are more walking, more boat boarding, more exercise like pushing bikes, little boat swimming or arranging the picnic place.

This magnet magic can be experienced while you are travelling to Leh-Ladakh.The hill, located close to Leh, is known for its wonderful magnetic properties.

Gokyo Trekking is another most famous trekking destination in the Everest Region, for the mountains lovers and adventures seekers. The trekkers, who are eager to explore wide range of mountains scenery and to be closed with nature beauties must visit Gokyo Treks or Gokyo Everest Trek.

Most of big cities in California are located close to the Atlantic Ocean coastline, but Sacramento capital - the 6th largest city of the state is located in the northern position of California's expansive Central Valley and settled between the confluence of the Sacramento River and the American River.

Darjeeling is famous for its wonderfully laid out tea estate plantations, pleasant climes, serene environs and a range of colonial era landmarks which enthuse tourists. Darjeeling hotels, located close to the important landmarks, transportation hubs and even at some of the exotic and scenic locations, provide the tourists with comfortable, enjoyable and hassle-free stay.

Grecìa Salentina is a feature resort rich in history and tradition. In this area has developed a language and a culture whose origins are closely related to Greece, although its origins are still uncertain. In these places it is pleasant to stay and enjoy the hospitality and the friendliness of the local population, in one of the holiday homes (apartments and villas), B & B or residence in the territory.

Salento, the most visited tourist destination in Italy!

This very nice studio is located at the 3rd floor in a building with elevator and controlled access on Magheru Blvd. and Romana Square close to the main fast-foods and restaurants (Mc'Donalds™, KFC™, Everest™, etc. It has a front entrance and front view. The studio measures 28 sqm and is very comfortable. garsoniere regim hotelier Bucuresti The room is divided in 2 parts. A part is a bedroom and the other part together with an open kitchen can be used as a small livingroom. In the kitchen you will find an electrical owen, microwaves, coffee maker, refrigerator, plates, dishes, etc. You have also a TV with cable tv, Air Conditioning.

Whether you're American and looking to stay close to home for your honeymoon - or whether you're looking to visit the USA and experience what this awesome country has to offer - you definitely won't be disappointed.

Off road camper trailers and camping tents are great to explore the uninhabited or isolated land and spend a day or two camping there with your friends or dear ones. The place may have a river attached to it and full of trees surrounding it and mountains or valley close to it. It is exciting to spend quality time at such a place away from the busy city life.

Situated on the eastern shore of France, close to the city of Nice on the French Riviera, this hotel Saint Jean Cap Ferrat majestically overlooks the vast sea of Mediterranean, providing its guests with astounding panoramic views and the best of comforts anywhere in the world. Interesting, as it will sound to you, the land where the hotel is currently situated was once the property of King Leopold II of Belgium and changed hands quite a few times thereafter.

Situated in peaceful surroundings amidst the fields yet very close to the famous Colva beach. This sgl bedroom apartment have been beautifully decorated with simple yet appealing furnishings. This pla...

The Ajanta Caves and Ellora caves are close to Aurangabad in Maharashtra. The Ajanta Caves are dated back to 2nd century BC out of a horseshoe-shaped cliff along the Waghora River. These caves were used by Buddhist monks as monasteries (viharas) for many centuries. Then the caves were abruptly abandoned and fell into oblivion until they were rediscovered in the year 1819.

The Kalindi Kunj Park is situated next to Okhla Bird Sanctuary at Okhla, New Delhi. It is a public garden located on the banks of River Yamuna. Named after Kalindi, another name of river and goddess Yamuna, it is situated close to between Delhi and Noida (Uttar Pradesh) border.

This fabulous Kingdom brings to life a blend of India's art, culture, heritage, craft, cuisine and performing art, all with the technological wizardry of today and hence become a center of attraction for all. Open: 12 noon to 12 midnight (Monday closed) Entry Fee: Weekdays: 499/- and Weekends: 599/- Phone No. 91-124-4528000