The Company’s acquisition of the hotel is subject to a variety of conditions, including the substantial completion of the hotel by the seller and completion of the construction within the contractual scope, as well as the satisfaction of other customary closing conditions. As a result, there can be no assurance that the Company will complete the acquisition of the 52 nd Street Hotel described above on the schedule or on the terms described above or at all.The Company has posted a presentation of supplemental information about the HGI Midtown East acquisition located at www.hersha.com on the investor relations section under “Presentations.”
Hersha Hospitality Announces Agreement To Acquire Hilton Garden Inn In Midtown Manhattan
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