Hersha Hospitality Management to acquire Urgo Hotels & Resorts.

Hersha Hospitality Management, a Philadelphia-based hotel management and investment company, agreed to acquire Urgo Hotels & Resorts, a hotel and resort management and development company. Financial terms were not disclosed. “We are excited to work alongside the outstanding leaders at Urgo who share an entirely consistent culture and set of values with HHM, especially in how we work with owners and prioritize our team members, and together we will continue to focus on building enhanced capabilities and services for our owners, new market growth for our platform, and more career growth for our associates," Naveen P. Kakarla, HHM President and CEO.