The sale price of the 343-room hotel reflects a 16.9x EBITDA multiple and a 4.9% net operating income cap rate.
The Hampshire Companies and Harrison Street say they plan to announce several additional self-storage development projects in the coming months in the aforementioned Boston to Washington, DC corridor
The State Department of Tax and Finance estimates the capital gains tax cut, if implemented, would reduce state tax revenues by up to $500 million annually.
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