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HARRISBURG, PA-ECMG Syndicate of New York-based UBS Securities LLC is the sole manager of the offering by CNL, a significant shareholder of Hersha Hospitality Trust. The over-allotment could add $3.2 million to the proceeds.
© Touchpoint Markets, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to asset-and-logo-licensing@alm.com. For more inforrmation visit Asset & Logo Licensing.
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The $4 billion project would include 500,000 square feet of gaming space.
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Overall CMBS delinquency rate was up slightly, according to Trepp.
