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PHILADELPHIA, Dec. 15, 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 its Board of Trustees has approved a special dividend of $0.50 p...
Summary Pebblebrook Hotel and Hersha Hospitality are both REITs that own extremely similar hotel properties. HT has the most leveraged balance sheet of all hotel REITs that are paying their preferred dividends. This resulted in HT suspending preferred stock dividends for some time durin...
Summary Nearly 200 REITs and a dozen homebuilders have reported third-quarter earnings results over the past three weeks, providing critical information on the state of the U.S. real estate industry. REIT earnings season was surprisingly strong across nearly all property sectors. ...
Summary American Airlines says consumers continue to spend on travel. Smith Travel says RevPar up 12% in week ended October 15. A pair of Chatham Lodging issues offers income and growth in a hot economic sector. The Blackstone/Starwood proposition. Though the rep...
Halloween is almost here, and there's one crypto that looks like it's back from the dead -- Huobi Token (CRYPTO: HT) , which is up 112% over the past month. This surge is particularly impressive during a challenging period for the broader crypto market. What is Huobi Token, what...
Hersha Hospitality Trust (HT) Q3 2022 Earnings Conference Call October 27, 2022, 09:00 ET Company Participants Andrew Tamaccio - Finance Associate Neil Shah - President & COO Ashish Parikh - CFO & Assistant Secretary Conference Call Participants ...
Hersha Hospitality press release ( NYSE: HT ): Q3 FFO of $0.33 misses by $0.03 . Revenue of $104.25M (+22.3% Y/Y) beats by $3.26M . The comparable portfolio generated $30.89M in EBITDA for the quarter, an increase of over 8% from 2019. "For the first time, ...
- Third Quarter 2022 Net Income of $2.82 Per Share - - Third Quarter 2022 Adjusted Funds from Operations 1 of $0.33 Per Share - - Comparable ADR Growth of 16% vs. Third Quarter 2019 - - Comparable Portfolio Hotel EBITDA Growth of 8.4% vs. Third Quarter of 2019 - - Comp...
– Price implies a blended 2.9% cap rate and 27.0x EBITDA multiple on 2019 results and a ~ $455K per key valuation– – Coupled with the USS-7 sale and pending dispositions, the sale of Hotel Milo and Pan Pacific would increase total sales to nearly $650M in 20...
Summary U.S. equity markets dipped to two-year lows on another volatile week as a disappointing slate of inflation data suggested that the potential window for an economic "soft-landing" may be narrowing. Declining in seven of the past nine weeks and finishing on the cusp of the l...
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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...