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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...
Hersha Hospitality Trust ( NYSE: HT ) has refinanced its $500M senior secured credit facility, which consists of $400M term loan and an undrawn $100M revolving credit line. The credit facility will mature in August 2024 and has one 12-month extension option. The facilities...
- Eliminates Near-Term Debt Maturities - - Fully Undrawn Revolving Credit Line - - Utilizes Existing Swap to Hedge the Facility - - Closes First Tranche of Urban Select Service Disposition - - Full Paydown of Junior Unsecured Notes - PHILADELPHIA, Aug. 05, 2022 (GLOBE NEWSWIRE) ...
Hersha Hospitality press release ( NYSE: HT ): Q2 AFFO of $0.56 GAAP EPS of $0.05 The company’s 32 comparable hotel portfolio generated 72.6% occupancy, an Average Daily Rate of $286.78, and Revenue per Available Room (“RevPAR”) of $208.2...
- Second Quarter 2022 Net Income of $0.05 Per Share - - Second Quarter 2022 Adjusted Funds from Operations 1 of $0.56 Per Share - - ADR Growth of 12.2% vs. Second Quarter 2019 - - Comparable Portfolio EBITDA Exceeds Second Quarter of 2019 - - Comparable Portfolio EBITD...
Ashford Hospitality Trust has been struggling for a couple of years now, with much of the pain caused by the pandemic. The firm is finally showing nice signs of a turnaround, and shares could end up looking quite cheap. But there are some issues the business is contending with, ma...
Despite recessionary levels of consumer confidence and surging transportation costs, U.S. consumers have continued to travel this summer at rates approaching pre-pandemic levels, powering hotel RevPAR to all-time record highs. Dubbed the 'Summer of Revenge Travel', several years of pe...
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PHILADELPHIA, June 20, 2022 (GLOBE NEWSWIRE) -- Hersha Hospitality Trust (NYSE: HT) (“Hersha” or the “Company”), owner of high-quality hotels in urban gateway markets and regional resort destinations, today announced that the Company will release its financial re...
The S&P 500 is now officially in a bear market. 73% of all stocks are now down 20% or more, with the median stock down by -29.4%. The causes of today's rout were an inflation hangover and recession fears. The next shoe to drop could be a 75 bp hike in the Fed Funds rate. T...
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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...