Standard & Poor's has announced that Hersha Hospitality Trust will replace Spirit Finance Corp. in the S&P REIT Composite Index after the close of trading on July 31.Hersha, a Philadelphia-based REIT engaged in the ownership and operation of midscale limited-service hotels in the eastern United States, will replace Spirit because the latter is scheduled to be acquired by a consortium led by Macquarie Bank on or about that date, S&P reported. S&P can be found online at http://www.standardandpoors.com.
Hersha to Replace Spirit in S&P REIT Index
July 30, 2007, 2:00 p.m. EDT 1 Min Read
