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Hersha Hospitality Trust (HT.N)

HT.N on New York Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Hersha Hospitality Trust Announces New $100 Mln Share Repurchase Program
Wednesday, 3 Jan 2018 

Jan 3 (Reuters) - Hersha Hospitality Trust ::HERSHA HOSPITALITY TRUST ANNOUNCES NEW $100 MILLION SHARE REPURCHASE PROGRAM.HERSHA HOSPITALITY TRUST - REPURCHASE PROGRAM TO COMMENCE IMMEDIATELY & CO EXPECTS TO COMPLETE NEW REPURCHASE PROGRAM PRIOR TO DECEMBER 31, 2018.  Full Article

Hersha Hospitality Trust Q3 adjusted FFO per share $0.61
Thursday, 26 Oct 2017 

Oct 25 (Reuters) - Hersha Hospitality Trust :Hersha Hospitality Trust announces third quarter 2017 results.Q3 adjusted FFO per share $0.61.Hersha Hospitality Trust qtrly loss per share $‍0.07​.Hersha Hospitality Trust sees FY 2017 ‍adjusted FFO per share$2.06 to $2.15​.Sees 2017 net income per share $1.88 to $ 1.97 ‍​.  Full Article

Hersha Hospitality Trust announces new $100 mln share repurchase program
Monday, 3 Oct 2016 

Hersha Hospitality Trust : Company expects to complete new repurchase program prior to December 31, 2017, unless extended by board of trustees . Hersha hospitality trust announces new $100 million share repurchase program .Company is on track to successfully dispose over $825 million of stabilized hotels this year.  Full Article

Hersha Hospitality Trust posts Q2 earnings per share $2.33
Wednesday, 27 Jul 2016 

Hersha Hospitality Trust : Sees 2016 adjusted ffo per share $2.38 - $2.51 . Sees 2016 comparable property revpar growth 2.5% - 3.5% . Revpar at company's 43 comparable hotels increased 2.6% to $187.00 in q2 2016 . Hersha hospitality trust announces second quarter 2016 results . Q2 earnings per share $2.33 . Q2 earnings per share view $0.42 -- Thomson Reuters I/B/E/S . Adjusted ffo per share and unit of limited partnership interest in hersha hospitality limited partnership was $0.89 in q2 .Qtrly adr for comparable hotel portfolio increased 1.8% to $213.22, occupancy increased 66 basis points to 87.7%.  Full Article

Hersha Hospitality Trust Acquires The Envoy Hotel in Boston’s Seaport
Wednesday, 27 Jul 2016 

Hersha Hospitality Trust : Acquisition was funded with 1031 exchange proceeds from company's sale of Seven Limited Service assets in Manhattan . Hersha Hospitality trust acquires the Envoy Hotel in Boston's Seaport .Deal for $112.5 million.  Full Article

Hersha Hospitality Trust announces sale of Hyatt Place in King of Prussia, PA
Thursday, 5 May 2016 

Hersha Hospitality Trust:Company has closed on sale of 129-room Hyatt Place in King of Prussia, PA for $13.0 million.  Full Article

Hersha Hospitality Trust announces quarterly dividend
Thursday, 17 Mar 2016 

Hersha Hospitality Trust:Board of Trustees also declared quarterly cash dividends of $0.28 per Common Share and per Limited Partnership unit for the first quarter ending March 31, 2016.Common share dividend and limited partnership unit distribution are payable April 15 to holders of record date as of April 1.  Full Article

Hersha Hospitality Trust sells joint-venture interest in 7 manhattan hotels for $571.4 Million
Thursday, 4 Feb 2016 

Hersha Hospitality Trust:Signed definitive agreements with Cindat Capital Management Limited to form a joint venture for 7 of the Company's limited service hotels in Manhattan totaling 1,087 rooms for a total purchase price, including closing costs of $571.4 million, or $526,000 per key.  Full Article