Hersha Hotels and Resorts owns and operates luxury and lifestyle hotels in urban gateway and regional resort markets. The Company’s 23 hotels totaling 3,572 rooms are located in New York, Washington, DC, Boston, Philadelphia, South Florida, and California.
Hersha Chairman Emeritus, Hasu P. Shah, founded the Hersha Group with the purchase of a single hotel in Harrisburg, Pennsylvania in 1984. In 1998, the Company went public as a Real Estate Investment Trust (REIT) under the name Hersha Hospitality Trust. In 2023, the company was taken private. Since inception, Hersha has had a proven track record of market growth and its unique characteristics favorably position the Company to deliver strong shareholder value and high cash flow for dividend distribution to investors