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GlobeNewswire·

Hersha Hospitality Trust Closes the Sale of Hotel Milo Santa Barbara and Pan Pacific Seattle

HT

– Price implies a blended 2.9% cap rate and 27.0x EBITDA multiple on 2019 results and a ~ $455K per key valuation– – Coupled with the USS-7 sale and pending dispositions, the sale of Hotel Milo and Pan Pacific would