Hersha Facts

Hersha Hotels and Resorts owns and operates luxury and lifestyle hotels in urban gateway and regional resort markets. The Company’s 22 hotels totaling 3,497 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


    Number of Hotels Owned: 23 high quality, luxury & lifestyle, hotels situated in high barrier to entry urban gateway markets and resort destinations

    Markets: 6 core, strategic markets, including Boston, New York City, Philadelphia, Washington, DC, Miami, and California.

    Number of Rooms: 3,572
    Property Brands: Marriott International, Hilton Hotels, Hyatt Hotels, Intercontinental Hotel Group, Hersha’s Independent Hotel Collection.

    Number of Employees: 31


    True to its owner-operator tradition, Hersha meticulously monitors the Company’s operations at the property level, always pursuing opportunities to add value, increase efficiencies and drive performance. Hersha’s asset management track record includes strategic new development and capital expenditures that position the portfolio for growth.


    Hersha’s portfolio consists of high RevPAR and high EBITDA growth hotels in innovation-driven gateway markets and high barrier resort locations.  The company’s segmented local clusters provide immediate operational advantage and local knowledge to drive outperformance in each of its core markets. The portfolio boasts a unique combination of category-killing branded hotels and independent lifestyle hotels in the most valuable markets in the U.S.


    Hersha’s coastal Luxury and Lifestyle portfolio and our purpose-built New York City cluster are extremely well positioned to benefit from the tailwinds of the return of business travel and international segments, while also enjoying the unprecedented pricing power of our differentiated experiential hotel offerings.

    With few capital expenditures on the horizon over the next few years, we can focus on hotel operations to drive high absolute RevPAR on industry-leading margins, resulting in significant EBITDA and free cash flow growth in the coming years.