Hersha Hospitality Trust
HT-PD
New York Stock Exchange25.09
USD
+0.04
- -
Hersha Hospitality Trust
HT-PD
(New York Stock Exchange)
Recent
price
25.09
P/E
ratio
- -
div
yld
- -
ROIC.AI
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
FRC
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- Similar Companies
- Business
- Hersha Hospitality Trust (HT-PD), a self-advised real estate investment trust founded in 1984 and headquartered in Harrisburg, Pennsylvania, owns and operates a portfolio of 19 luxury and lifestyle hotels totaling 3,119 rooms in key urban gateway and regional resort markets including New York, Washington, DC, Boston, Philadelphia, South Florida, and California; its core offerings encompass high RevPAR and EBITDA growth properties such as The Envoy in Boston Seaport, The Rittenhouse Hotel in Philadelphia, and The Cadillac Hotel & Beach Club in Miami Beach, featuring independent boutiques and branded affiliations under Marriott International, Hilton Worldwide, and similar leaders targeting transient leisure, corporate, and group travelers with premium amenities, intensive yield management, and localized operational expertise. In a major strategic shift, the company was taken private in late 2023 through its acquisition by affiliates of KSL Capital Partners for approximately $1.4 billion in an all-cash transaction at $10.00 per share, following shareholder approval and completion on November 28, 2023, enabling refocused long-term growth in high-quality experiential assets while delisting common shares from the NYSE, though preferred series D shares (HT-PD) continue trading amid ongoing portfolio optimization that previously reduced holdings from 48 properties in 2019 to the current concentrated lineup. Hersha operates as an umbrella partnership REIT (UPREIT) through its operating partnership Hersha Hospitality LP, with historical roots tracing to founder Hasu P. Shah's initial Harrisburg motel purchase and public listing in 1999, emphasizing high-barrier markets on the U.S. East and West Coasts for sustained outperformance via active asset management, cost efficiencies, and demand-aligned pricing strategies.