Slight change of plans down at 32 Pearl Street, where Sam Chang had plans for an 80-room, Gene Kaufman-designed Hampton Inn. Chang just sold the property to Hersha Hospitality Trust for $28.7 million. Hersha's still planning a Hampton Inn, but instead of tearing down 32 Pearl to build something new, Hersha plans to convert the building, with the possible addition of a few more floors. [REW; previously]
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