Hersha Hospitality Trust
Philadelphia · Founded 1998
About Hersha Hospitality Trust
Hersha Hospitality Trust, a real estate investment trust, engages in the ownership and operation of mid scale limited service hotels in the Eastern United States. As of June 30, 2005, it owned interests in 35 hotels, including 4 hotels owned through joint ventures in Pennsylvania, New York, New Jersey, Maryland, Georgia, Connecticut, and Massachusetts. The company has elected to be taxed as a REIT under the Internal Revenue Code. As a REIT, Hersha would not be subject to income tax to the extent it distributes at least 90% of its taxable income to its stockholders. The company was founded in 1998 and is headquartered in New Cumberland, Pennsylvania.
Company Facts
- Founded: 1998
- Operating status: Active
- Company type: For Profit
- IPO status: Delisted
- Employees: 11 – 50
- Estimated revenue: $100K – $500K
- Total funding: $975.0M
- Funding stage: M&A
- Last round: Post-IPO Debt (Aug 2017)
- Ticker: nyse:HT
- Website: hersha.com
- Phone: 215.238.1046
Industries & Categories
Finance, Hospitality, Hotel
Social Profiles
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