Hersha Hospitality Trust (NYSE: HT) is a self-advised real estate investment trust in the hospitality sector, which owns and operates high quality upscale, luxury and lifestyle transient hotels in urban gateway markets and coastal destinations. The Company’s 40 hotels totaling 6,250 rooms are located in New York, Washington, DC, Boston, Philadelphia, Miami, and select markets on the West Coast.
Hersha Chairman, 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. 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