Wednesday, April 4, 2018

Annapolis Waterfront Hotel acquired by Pennsylvania investment firm for $41.5M

Real estate investment firm Hersha Hospitality Trust has acquired the Annapolis Waterfront Hotel for $41.5 million, the second hotel to trade hands in the State Capital in recent days. The purchase of the 150-room hotel at 80 Compromise St. is the Harrisburg, Pennsylvania, company’s first Maryland property, according to a portfolio listed on its website. The sale price breaks down to $276,666 per room. The hotel, formerly operated under the Marriott flag, was transferred to the chain’s Autograph…



from https://www.bizjournals.com/baltimore/news/2018/04/04/annapolis-waterfront-hotel-acquired-by.html?ana=RSS&s=article_search
via http://baltimorecheckbook.tumblr.com/post/172592000042

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