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Summary A series of property sales has streamlined Hersha’s portfolio and provided new financial flexibility in a resurgent hotel sector. Non-core asset dispositions and a refinanced corporate credit facility reduce consolidated corporate debt by $450MM. Comparable port...
Summary Hersha Hospitality Trust has been doing a great job as of late, with sales and cash flows rising nicely as occupancy rates climb. Recent maneuvers have created a great deal of uncertainty, but realistic assumptions show that the company is more likely than not to be attrac...
Hersha Hospitality Trust ( NYSE: HT ) has agreed to sell two of its West Coast properties for $125M. These transactions are subject to customary closing conditions and are expected to close in the fourth quarter of 2022. The price implies a blended 2.9% cap rate and 27.0x ...
– Net Proceeds are expected to be used for general corporate purposes including, but not limited to, additional debt repayment and dividend payments – – Price implies a blended 2.9% cap rate and 27.0x EBITDA multiple on 2019 results and a $455K per key valuati...
Summary COVID hit Hotel REITs extra hard, but this year has seen a great deal of leisure travel within the U.S. As a result, Hotel REITs are the fourth-best performing REIT sector of 2022 thus far. The forecast for earnings growth is outstanding, all across the Hotel REIT sect...
PHILADELPHIA, Sept. 06, 2022 (GLOBE NEWSWIRE) -- Hersha Hospitality Trust (NYSE: HT) (“Hersha” or the “Company”), owner of luxury and lifestyle hotels in coastal gateway and resort markets, today announced that the Company will release its financial results for t...
4 Ashford Hospitality preferred stocks have massively lagged the recent huge rally in hotel REIT preferred stocks and offer a potential 30% total return from now till year’s end. In fact, these preferred stocks have actually fallen steeply in price while other hotel REIT prefer...
Your quality of life shouldn't be affected by Mr. Market's mood. Dividends are a valuable asset to buy during market volatility. Two picks with up to 7.4% yields to buy before the sale ends. Co-produced with "Hidden Opportunities" 2022 has been a volatile year fo...
Hersha Hospitality Trust (HT) Q2 2022 Earnings Conference Call August 4, 2022 09:00 ET Company Participants Andrew Tamaccio - Director, Investor Relations Neil Shah - President and Chief Operating Officer Jay Shah - Chief Executive Officer Ashish Parikh - Chi...
U.S. equity markets were mixed this week after a surprisingly strong payrolls report cast doubt on the likelihood of a "Fed pivot" towards less aggressive tightening, sending benchmark interest rates sharply higher. On the heels of its best month since November 2020, the S&P 500 a...
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NEW YORK, June 03, 2024 (GLOBE NEWSWIRE) -- The Shah Family, founders of Hersha Hotels and Resorts and HHM Hotels , was awarded the Hotel News Now Stephen W. Brener Silver Plate Award at the NYU International Hospitality Industry Investment Conference (NYU IHIIC), oper...
PHILADELPHIA, Dec. 26, 2023 (GLOBE NEWSWIRE) -- Hersha Hotels and Resorts (“Hersha” or “the Company”), owner of luxury and lifestyle hotels in coastal gateway and resort markets, today announced the tax classification of Hersha Hospitality Trust’s (“HHT...