Hersha Hospitality Trust

Hersha Hospitality Trust
Company typePublic company
NYSE: HT (Class A)
IndustryReal estate investment trust
Founded1984; 40 years ago (1984)
FounderHasu P. Shah
HeadquartersHarrisburg, Pennsylvania
Key people
Hasu P. Shah, Chairman
Jay H. Shah, CEO
Neil H. Shah, COO
Ashish R. Parikh, CFO
ProductsHotels
RevenueIncrease $529 million (2019)
Decrease -$27 million (2019)
Total assetsDecrease $2.122 billion (2019)
Total equityDecrease $807 million (2019)
Owner
  • Independent
  • (1984–2023)
  • KSL Capital Partners
  • (2023–present)
Number of employees
49 (2019)
Websitewww.hersha.com
Footnotes / references
[1]

Hersha Hospitality Trust is a real estate investment trust that invests in hotels. Named after its founder's wife,[2] it is organized in Maryland and its principal office is in Harrisburg, Pennsylvania.

As of December 31, 2019, the company wholly owned 38 hotels comprising 6,104 rooms and partially owned 9 hotels comprising 1,425 rooms, all of which were on either the West Coast of the United States or the East Coast of the United States.[1]

On November 29, 2023, KSL Capital Partners completed the purchase of Hersha.[3]

  1. ^ a b "Hersha Hospitality Trust 2019 Form 10-K Annual Report". U.S. Securities and Exchange Commission.
  2. ^ Cite error: The named reference sleep was invoked but never defined (see the help page).
  3. ^ "KSL Capital Partners and Hersha Hospitality close $1.4bn deal". Hospitality Investor. Retrieved 2023-12-14.