reports
Hersha Hospitality Trust Announces Date of Special Meeting to Approve ...
Hersha Hospitality Trust Announces Date of Special Meeting to Approve Acquisition by KSL Capital Partners PHILADELPHIA, Oct. 03, 2023 (GLOBE NEWSWIRE) -- Hersha Hospitality Trust (NYSE: HT) (“Hersha” or the “Company”), owner of luxury and lifestyle hotels in coastal gateway and resort markets, announced that it has set November 8, 2023 as the date for the special meeting of shareholders (the “Special Meeting”) to approve the previously announced acquisition by affiliates of KSL Capital Partners, LLC ("KSL"), a leading investor in travel and leisure businesses. The Special Meeting will be...
Hersha Hospitality Trust Announces Quarterly Dividend
Hersha Hospitality Trust Announces Quarterly Dividend PHILADELPHIA, Sept. 13, 2023 (GLOBE NEWSWIRE) -- Hersha Hospitality Trust (NYSE: HT) (“Hersha” or the “Company”), owner of luxury and lifestyle hotels in coastal gateway and resort markets, today announced its Board of Trustees has approved a cash dividend of $0.05 per common share and per limited partnership unit for the third quarter ending September 30, 2023. These common share dividends and limited partnership unit distributions are payable October 16, 2023 to holders of record as of September 29, 2023. The Board of Trustees also ...
Hersha Hospitality Trust to be Acquired by KSL Capital Partners
Hersha Hospitality Trust to be Acquired by KSL Capital Partners Hersha common shareholders to receive $10.00 per share in cash, a 60% premium to prior closing price Provides shareholders with immediate and certain value at a substantial premium PHILADELPHIA and DENVER, Aug. 28, 2023 (GLOBE NEWSWIRE) -- Hersha Hospitality Trust (NYSE: HT) (“Hersha” or the “Company”), owner of luxury and lifestyle hotels in coastal gateway and resort markets, and KSL Capital Partners, LLC (“KSL”), a leading investor in travel and leisure businesses, today announced a definitive merger ...
Hersha Hospitality Trust Announces Second Quarter 2023 Results
Hersha Hospitality Trust Announces Second Quarter 2023 Results - Second Quarter 2023 Net Income of $0.04 Per Share - - Second Quarter 2023 Adjusted Funds from Operations1 of $0.38 Per Share - - Comparable Portfolio RevPAR Growth of 3.6% to the Second Quarter 2022 – - Urban RevPAR Growth of 12.2% to the Second Quarter 2022 – - New York City and Boston were the best performers in the Second Quarter 2023 - PHILADELPHIA, Aug. 02, 2023 (GLOBE NEWSWIRE) -- Hersha Hospitality Trust (NYSE: HT) (“Hersha,” “the Company,” “we” or “our”), owner of luxury and lifesty...
Hersha Hospitality Trust to Report Second Quarter 2023 Earnings on Aug...
Hersha Hospitality Trust to Report Second Quarter 2023 Earnings on August 2, 2023 PHILADELPHIA, June 12, 2023 (GLOBE NEWSWIRE) -- Hersha Hospitality Trust (NYSE: HT) (“Hersha” or the “Company”), owner of luxury and lifestyle hotels in coastal gateway and resort markets, today announced that the Company will release its financial results for the second quarter 2023 after the market close on Wednesday, August 2, 2023. The Company will host a conference call to discuss these results at 9:00 AM Eastern Time on Thursday, August 3, 2023. Hosting the call will be Mr. Neil H. Shah, President and ...
Hersha Hospitality Trust Announces Quarterly Dividend
Hersha Hospitality Trust Announces Quarterly Dividend PHILADELPHIA, May 18, 2023 (GLOBE NEWSWIRE) -- Hersha Hospitality Trust (NYSE: HT) (“Hersha” or the “Company”), owner of luxury and lifestyle hotels in coastal gateway and resort markets, today announced its Board of Trustees has approved a cash dividend of $0.05 per common share and per limited partnership unit for the second quarter ending June 30, 2023. These common share dividends and limited partnership unit distributions are payable July 17, 2023 to holders of record as of June 30, 2023. The Board of Trustees also declared a cas...
Hersha Hospitality Trust Announces First Quarter 2023 Results
Hersha Hospitality Trust Announces First Quarter 2023 Results - First Quarter 2023 Net Loss of $(0.38) Per Share - - First Quarter 2023 Adjusted Funds from Operations1 of $0.02 Per Share - - Comparable Excluding Renovations Portfolio Growth to the First Quarter 2019 - - ADR Growth of 20.9% - - EBITDA Growth of 18.9% - - EBITDA Margin Growth of 196 bps - PHILADELPHIA, April 26, 2023 (GLOBE NEWSWIRE) -- Hersha Hospitality Trust (NYSE: HT) (“Hersha,” “Company,” “we” or “our”), owner of high-quality hotels in urban gateway markets and regional res...
Hersha Hospitality Trust to Report First Quarter 2023 Earnings on Apri...
Hersha Hospitality Trust to Report First Quarter 2023 Earnings on April 26, 2023 PHILADELPHIA, March 20, 2023 (GLOBE NEWSWIRE) -- Hersha Hospitality Trust (NYSE: HT) (“Hersha” or the “Company”), owner of luxury and lifestyle hotels in coastal gateway and resort markets, today announced that the Company will release its financial results for the first quarter 2023 after the market close on Wednesday, April 26, 2023. The Company will host a conference call to discuss these results at 9:00 AM Eastern Time on Thursday, April 27, 2023. Hosting the call will be Mr. Neil H. Shah, President and C...
Hersha Hospitality Trust Announces Quarterly Dividend
Hersha Hospitality Trust Announces Quarterly Dividend PHILADELPHIA, March 10, 2023 (GLOBE NEWSWIRE) -- Hersha Hospitality Trust (NYSE: HT) (“Hersha” or the “Company”), owner of luxury and lifestyle hotels in coastal gateway and resort markets, today announced its Board of Trustees has approved a cash dividend of $0.05 per common share and per limited partnership unit for the first quarter ending March 31, 2023. These common share dividends and limited partnership unit distributions are payable April 17, 2023, to holders of record as of March 31, 2023. The Board of Trustees also declared ...
Hersha Hospitality Trust Announces Full Year and Fourth Quarter 2022 R...
Hersha Hospitality Trust Announces Full Year and Fourth Quarter 2022 Results - Fourth Quarter 2022 Net Income of $0.62 Per Share - - Fourth Quarter 2022 Adjusted Funds from Operations1 of $0.34 Per Share - - Comparable Portfolio Growth to the Fourth Quarter 2019 - - ADR Growth of 21.5% - - EBITDA Growth of 12.6% - - EBITDA Margin Growth of 209 bps - PHILADELPHIA, Feb. 15, 2023 (GLOBE NEWSWIRE) -- Hersha Hospitality Trust (NYSE: HT) (“Hersha,” “Company,” “we” or “our”), owner of high-quality hotels in urban gateway markets and regional resort destinations, today announced results for...
Hersha Hospitality Trust Announces Dividend Classification for 2022
Hersha Hospitality Trust Announces Dividend Classification for 2022 PHILADELPHIA, Jan. 25, 2023 (GLOBE NEWSWIRE) -- Hersha Hospitality Trust (NYSE: HT); (“Hersha” or “the Company”), owner of high quality upscale hotels in urban gateway markets and coastal destinations, today announced the tax classification of its Priority Class A Common Share (“Common Shares”), Series C Cumulative Redeemable Preferred Share (“Series C Preferred Shares”), Series D Cumulative Redeemable Preferred Share (“Series D Preferred Shares”) and Series E Cumulative Redeemable Preferred Share (“Series E Preferred Sh...
Hersha Hospitality Trust to Report Fourth Quarter 2022 Earnings on Feb...
Hersha Hospitality Trust to Report Fourth Quarter 2022 Earnings on February 15, 2023 PHILADELPHIA, Jan. 05, 2023 (GLOBE NEWSWIRE) -- Hersha Hospitality Trust (NYSE: HT) (“Hersha” or the “Company”), owner of luxury and lifestyle hotels in coastal gateway and resort markets, today announced that the Company will release its financial results for the fourth quarter 2022 after the market close on Wednesday, February 15, 2023. The Company will host a conference call to discuss these results at 9:00 AM Eastern Time on Thursday, February 16, 2023. Hosting the call will be Mr. Neil H. Shah, Presi...
Hersha Hospitality Trust: 1 director
A director at Hersha Hospitality Trust sold 39,887 shares at 8.460USD and the significance rating of the trade was 83/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years...
Hersha Hospitality Trust Announces Special Dividend and Continuation o...
Hersha Hospitality Trust Announces Special Dividend and Continuation of Quarterly Cash Dividend PHILADELPHIA, Dec. 15, 2022 (GLOBE NEWSWIRE) -- Hersha Hospitality Trust (NYSE: HT) (“Hersha” or the “Company”), owner of luxury and lifestyle hotels in coastal gateway and resort markets, today announced its Board of Trustees has approved a special dividend of $0.50 per common share and per limited partnership unit for the year ending December 31, 2022. In addition to this special dividend, the Board also approved a cash dividend of $0.05 per common share and per limited partnership unit for t...
Hersha Hospitality Trust Announces Third Quarter 2022 Results
Hersha Hospitality Trust Announces Third Quarter 2022 Results - Third Quarter 2022 Net Income of $2.82 Per Share - - Third Quarter 2022 Adjusted Funds from Operations1 of $0.33 Per Share - - Comparable ADR Growth of 16% vs. Third Quarter 2019 - - Comparable Portfolio Hotel EBITDA Growth of 8.4% vs. Third Quarter of 2019 - - Comparable Portfolio EBITDA Margin Growth of 249 bps vs. Third Quarter of 2019- PHILADELPHIA, Oct. 26, 2022 (GLOBE NEWSWIRE) -- Hersha Hospitality Trust (NYSE: HT) (“Hersha,” “Company,” “we” or “our”), owner of high-quality hotels in urban gateway markets and regi...
Hersha Hospitality Trust Closes the Sale of Hotel Milo Santa Barbara a...
Hersha Hospitality Trust Closes the Sale of Hotel Milo Santa Barbara and Pan Pacific Seattle – Price implies a blended 2.9% cap rate and 27.0x EBITDA multiple on 2019 results and a ~ $455K per key valuation– – Coupled with the USS-7 sale and pending dispositions, the sale of Hotel Milo and Pan Pacific would increase total sales to nearly $650M in 2022– – Funds from Sales facilitate Debt repayment of $500M and generate unrestricted cash of approximately $120M– PHILADELPHIA, Oct. 25, 2022 (GLOBE NEWSWIRE) -- Hersha Hospitality Trust (NYSE: HT) (“Hersha” or the “Company”), owner of luxur...
Hersha Hospitality Trust Announces Planned Leadership Transition
Hersha Hospitality Trust Announces Planned Leadership Transition – Founder and Chairman Hasu P. Shah to Retire –– CEO Jay H. Shah to become Executive Chairman –– COO Neil H. Shah to become President and Chief Executive Officer – PHILADELPHIA, Sept. 22, 2022 (GLOBE NEWSWIRE) -- Hersha Hospitality Trust (NYSE: HT) (“Hersha” or the “Company”), owner of high-quality hotels in urban gateway markets and regional resort destinations, today announced that its Founder, Hasu P. Shah, intends to retire as Chairman of the Board of Trustees on December 31, 2022, after 38 years with the Company. As ...
Hersha Hospitality Trust Announces Reinstatement of Quarterly Cash Div...
Hersha Hospitality Trust Announces Reinstatement of Quarterly Cash Dividend PHILADELPHIA, Sept. 19, 2022 (GLOBE NEWSWIRE) -- Hersha Hospitality Trust (NYSE: HT) (“Hersha” or the “Company”), owner of luxury and lifestyle hotels in coastal gateway and resort markets, today announced its Board of Trustees has approved a cash dividend of $0.05 per common share and per limited partnership unit for the third quarter ending September 30, 2022. These common share dividends and limited partnership unit distributions are payable October 17, 2022, to holders of record as of September 30, 2022. The ...
Hersha Hospitality Trust to Sell Hotel Milo Santa Barbara and Pan Paci...
Hersha Hospitality Trust to Sell Hotel Milo Santa Barbara and Pan Pacific Seattle for $125 Million – Net Proceeds are expected to be used for general corporate purposes including, but not limited to, additional debt repayment and dividend payments – – Price implies a blended 2.9% cap rate and 27.0x EBITDA multiple on 2019 results and a $455K per key valuation – PHILADELPHIA, Sept. 12, 2022 (GLOBE NEWSWIRE) -- Hersha Hospitality Trust (NYSE: HT) (“Hersha” or the “Company”), owner of luxury and lifestyle hotels in coastal gateway and resort markets, today announced that it has entered in...
Hersha Hospitality Trust to Report Third Quarter 2022 Earnings on Octo...
Hersha Hospitality Trust to Report Third Quarter 2022 Earnings on October 26, 2022 PHILADELPHIA, Sept. 06, 2022 (GLOBE NEWSWIRE) -- Hersha Hospitality Trust (NYSE: HT) (“Hersha” or the “Company”), owner of luxury and lifestyle hotels in coastal gateway and resort markets, today announced that the Company will release its financial results for the third quarter 2022 after the market close on Wednesday, October 26, 2022. The Company will host a conference call to discuss these results at 9:00 AM Eastern Time on Thursday, October 27, 2022. Hosting the call will be Mr. Jay H. Shah, Chief Exec...
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