Hersha Hospitality Trust [Acquired] | REIT Profile
Symbol: HT
CIK: 1063344
Exchange: NYSE
Preferred Stock: HT-C, HT-D, HT-E
Founded: 1984
HQ: Philadelphia, PA, United States
Type of REIT: Equity REIT
Listing Status: Public
Market Capitalization: Small-Cap
REIT Sector: Resorts, Hotel
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Hersha Hospitality Trust (HT) is a self-advised real estate investment trust in the hospitality sector, which owns and operates high quality upscale hotels in urban gateway markets. The Company's 51 hotels totaling 7,804 rooms are located in New York, Washington, DC, Boston, Philadelphia, Miami and select markets on the West Coast. The Company's shares are traded on The New York Stock Exchange under the ticker 'HT'.
Latest REIT Press Releases
- Hersha Hospitality Trust - Hersha Hospitality Trust Announces Date of Special Meeting to Approve Acquisition by KSL Capital Partners - Tue, 03 Oct 2023 21:41:56 UTC
- Hersha Hospitality Trust - Hersha Hospitality Trust Announces Quarterly Dividend - Wed, 13 Sep 2023 20:15:44 UTC
- Hersha Hospitality Trust - Hersha Hospitality Trust to be Acquired by KSL Capital Partners - Mon, 28 Aug 2023 11:30:39 UTC
- Hersha Hospitality Trust - Hersha Hospitality Trust Announces Second Quarter 2023 Results - Wed, 02 Aug 2023 20:18:40 UTC
- Hersha Hospitality Trust - Hersha Hospitality Trust Announces Quarterly Dividend - Thu, 18 May 2023 20:15:22 UTC
Related Information
| Material | Source | Description |
|---|---|---|
| HERSHA HOSPITALITY TRUST TO BE ACQUIRED BY KSL CAPITAL PARTNERS (2023-08-28) | GLOBE NEWSWIRE | 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 agreement, entered into on August 27, 2023, under which affiliates of KSL will acquire all of the outstanding common shares of Hersha for $10.00 per share in an all-cash transaction valued at approximately $1.4 billion. The purchase price represents a premium of approximately 60% over Hersha’s closing share price on August 25, 2023, the last full trading day prior to this announcement. |
Related REITs
| REIT | REITRating™ Score | Exchange | Market Capitalization | Sector | Country |
|---|---|---|---|---|---|
| Host Hotels & Resorts, Inc. (HST) | 8.9 | NYSE | Large-Cap | Hotel Resorts | United States |
| Ashford Hospitality Trust, Inc. (AHT) | 2.9 | NYSE | Micro-Cap | Hotel Resorts | United States |
| DiamondRock Hospitality Co. (DRH) | 7.1 | NYSE | Small-Cap | Hotel Resorts | United States |
| Pebblebrook Hotel Trust, Inc. (PEB) | 5.9 | NYSE | Small-Cap | Hotel Resorts | United States |
| Sotherly Hotels, Inc. (SOHO) | 4.0 | NASDAQ | Micro-Cap | Hotel Resorts | United States |
Last updated: 2024-04-19 - v4.8