PHILADELPHIA--(BUSINESS WIRE)--Hersha Hospitality Trust (NYSE: HT) (“Hersha” or the “Company”), owner of upscale hotels in urban gateway markets announced that the Company has closed on the purchase of the Hotel Oceana in Santa Barbara, California for $41.7 million. “We are pleased to have successfully closed on the acquisition of the Hotel Oceana. This high quality independent oceanfront hotel is an attractive addition to our West Coast portfolio and is situated in one of the best RevPAR marke
