– Founder and Chairman Hasu P. Shah to Retire –– CEO Jay H. Shah to become Executive Chairman –– COO Neil H. Shah to become President and Chief Executive Officer – PHILADELPHIA, Sept. 22, 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 its Founder, Hasu P. Shah, intends to retire as Chairman of the Board of Trustees on December 31, 2022, after 38 years with the Company. As part of the planned succession, the Board has selected Chief Executive Officer Jay H. Shah to become Executive Chairman of the Board, and President and Chief Operating O

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") Priority Class A Common Share ("Common Shares"), Series C Cumulative Redeemable Preferred Share ("Series C Preferred Shares"), Series D Cumulative Redeemable Preferred Share ("Series D Preferred Shares") and Series E Cumulative Redeemable Preferred Share ("Series E Preferred Shares") distributions for 2023 for Federal income tax reporting purposes. The tax information provided below relates to HHT prior to the November 28, 2023 merger bet

PHILADELPHIA, Oct. 03, 2023 (GLOBE NEWSWIRE) -- Hersha Hospitality Trust (NYSE:HT) ("Hersha" or the "Company"), owner of luxury and lifestyle hotels in coastal gateway and resort markets, announced that it has set November 8, 2023 as the date for the special meeting of shareholders (the "Special Meeting") to approve the previously announced acquisition by affiliates of KSL Capital Partners, LLC ("KSL"), a leading investor in travel and leisure businesses. The Special Meeting will be held virtually at 9:00am ET at https://web.lumiagm.com/212424894. The record date for the Special Meeting has been set as October 2, 2023. Holders of Hersha's common shares at the close of business on the reco

PHILADELPHIA, Sept. 13, 2023 (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 cash dividend of $0.05 per common share and per limited partnership unit for the third quarter ending September 30, 2023. These common share dividends and limited partnership unit distributions are payable October 16, 2023 to holders of record as of September 29, 2023. The Board of Trustees also declared a cash dividend of $0.4297 per Series C Preferred Share, $0.40625 per Series D Preferred Share, and $0.40625 per Series E Preferred Share for the thi

Hersha common shareholders to receive $10.00 per share in cash, a 60% premium to prior closing price Provides shareholders with immediate and certain value at a substantial premium PHILADELPHIA and DENVER, Aug. 28, 2023 (GLOBE NEWSWIRE) -- Hersha Hospitality Trust (NYSE:HT) ("Hersha" or the "Company"), owner of luxury and lifestyle hotels in coastal gateway and resort markets, and KSL Capital Partners, LLC ("KSL"), a leading investor in travel and leisure businesses, today announced a definitive merger agreement, entered into on August 27, 2023, under which affiliates of KSL will acquire all of the outstanding common shares of Hersha for $10.00 per share in an all-cas

- Second Quarter 2023 Net Income of $0.04 Per Share - - Second Quarter 2023 Adjusted Funds from Operations1 of $0.38 Per Share - - Comparable Portfolio RevPAR Growth of 3.6% to the Second Quarter 2022 – - Urban RevPAR Growth of 12.2% to the Second Quarter 2022 – - New York City and Boston were the best performers in the Second Quarter 2023 - PHILADELPHIA, Aug. 02, 2023 (GLOBE NEWSWIRE) -- Hersha Hospitality Trust (NYSE:HT) ("Hersha," "the Company," "we" or "our"), owner of luxury and lifestyle hotels in coastal gateway and resort markets, today announced results for the second quarter ended June 30, 2023. Second Quarter 2023 Financial Results (U

PHILADELPHIA, June 12, 2023 (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 the second quarter 2023 after the market close on Wednesday, August 2, 2023. The Company will host a conference call to discuss these results at 9:00 AM Eastern Time on Thursday, August 3, 2023. Hosting the call will be Mr. Neil H. Shah, President and Chief Executive Officer, and Mr. Ashish Parikh, Chief Financial Officer. A live audio webcast of the conference call will be available on the Company's website at www.hersha.com. The co

PHILADELPHIA, May 18, 2023 (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 cash dividend of $0.05 per common share and per limited partnership unit for the second quarter ending June 30, 2023. These common share dividends and limited partnership unit distributions are payable July 17, 2023 to holders of record as of June 30, 2023. The Board of Trustees also declared a cash dividend of $0.4297 per Series C Preferred Share, $0.40625 per Series D Preferred Share, and $0.40625 per Series E Preferred Share for the second quarter en

    - First Quarter 2023 Net Loss of $(0.38) Per Share - - First Quarter 2023 Adjusted Funds from Operations1 of $0.02 Per Share - - Comparable Excluding Renovations Portfolio Growth to the First Quarter 2019 - - ADR Growth of 20.9% - - EBITDA Growth of 18.9% - - EBITDA Margin Growth of 196 bps - PHILADELPHIA, April 26, 2023 (GLOBE NEWSWIRE) -- Hersha Hospitality Trust (NYSE:HT) ("Hersha," "Company," "we" or "our"), owner of high-quality hotels in urban gateway markets and regional resort destinations, today announced results for the first quarter ended March 31, 2023. First Quarter 2023 Financial Results (Unaudited in thousands, except p

PHILADELPHIA, March 20, 2023 (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 the first quarter 2023 after the market close on Wednesday, April 26, 2023. The Company will host a conference call to discuss these results at 9:00 AM Eastern Time on Thursday, April 27, 2023. Hosting the call will be Mr. Neil H. Shah, President and Chief Executive Officer, and Mr. Ashish Parikh, Chief Financial Officer. A live audio webcast of the conference call will be available on the Company's website at www.hersha.com. The

PHILADELPHIA, March 10, 2023 (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 cash dividend of $0.05 per common share and per limited partnership unit for the first quarter ending March 31, 2023. These common share dividends and limited partnership unit distributions are payable April 17, 2023, to holders of record as of March 31, 2023. The Board of Trustees also declared a cash dividend of $0.4297 per Series C Preferred Share, $0.40625 per Series D Preferred Share, and $0.40625 per Series E Preferred Share for the first quarte

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), operated by Questex, in partnership with the NYU School of Professional Studies (NYU SPS) and its Jonathan M. Tisch Center of Hospitality. Amanda Hite, president of STR; and Stephanie Ricca, editorial director of Hotel News Now, presented the Shah Family with the award. Hersha Hotels and Resorts owns and operates luxury and lifestyle hotels in coastal gateway and resort markets. The Company's 25 hotels totaling 3,811 rooms are

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") Priority Class A Common Share ("Common Shares"), Series C Cumulative Redeemable Preferred Share ("Series C Preferred Shares"), Series D Cumulative Redeemable Preferred Share ("Series D Preferred Shares") and Series E Cumulative Redeemable Preferred Share ("Series E Preferred Shares") distributions for 2023 for Federal income tax reporting purposes. The tax information provided below relates to HHT prior to the November 28, 2023 merger bet

PHILADELPHIA, Oct. 03, 2023 (GLOBE NEWSWIRE) -- Hersha Hospitality Trust (NYSE:HT) ("Hersha" or the "Company"), owner of luxury and lifestyle hotels in coastal gateway and resort markets, announced that it has set November 8, 2023 as the date for the special meeting of shareholders (the "Special Meeting") to approve the previously announced acquisition by affiliates of KSL Capital Partners, LLC ("KSL"), a leading investor in travel and leisure businesses. The Special Meeting will be held virtually at 9:00am ET at https://web.lumiagm.com/212424894. The record date for the Special Meeting has been set as October 2, 2023. Holders of Hersha's common shares at the close of business on the reco

PHILADELPHIA, Sept. 13, 2023 (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 cash dividend of $0.05 per common share and per limited partnership unit for the third quarter ending September 30, 2023. These common share dividends and limited partnership unit distributions are payable October 16, 2023 to holders of record as of September 29, 2023. The Board of Trustees also declared a cash dividend of $0.4297 per Series C Preferred Share, $0.40625 per Series D Preferred Share, and $0.40625 per Series E Preferred Share for the thi

NEW YORK, Sept. 02, 2023 (GLOBE NEWSWIRE) -- RPT Realty (NYSE:RPT) Lifshitz Law PLLC announces an investigation into possible breach of fiduciary duties in connection with the sale of RPT to Kimco Realty for 0.6049 of a newly-issued Kimco Realty share for each share of RPT common stock owned. If you are a RPT investor, and would like additional information about our investigation, please complete the Information Request Form or contact Joshua Lifshitz, Esq. by telephone at (516)493-9780 or e-mail at [email protected]. Hersha Hospitality Trust (NYSE:HT) Lifshitz Law PLLC announces an investigation into possible breach of fiduciary duties in connection with the sale of HT to KSL Capit

Hersha common shareholders to receive $10.00 per share in cash, a 60% premium to prior closing price Provides shareholders with immediate and certain value at a substantial premium PHILADELPHIA and DENVER, Aug. 28, 2023 (GLOBE NEWSWIRE) -- Hersha Hospitality Trust (NYSE:HT) ("Hersha" or the "Company"), owner of luxury and lifestyle hotels in coastal gateway and resort markets, and KSL Capital Partners, LLC ("KSL"), a leading investor in travel and leisure businesses, today announced a definitive merger agreement, entered into on August 27, 2023, under which affiliates of KSL will acquire all of the outstanding common shares of Hersha for $10.00 per share in an all-cas

- Second Quarter 2023 Net Income of $0.04 Per Share - - Second Quarter 2023 Adjusted Funds from Operations1 of $0.38 Per Share - - Comparable Portfolio RevPAR Growth of 3.6% to the Second Quarter 2022 – - Urban RevPAR Growth of 12.2% to the Second Quarter 2022 – - New York City and Boston were the best performers in the Second Quarter 2023 - PHILADELPHIA, Aug. 02, 2023 (GLOBE NEWSWIRE) -- Hersha Hospitality Trust (NYSE:HT) ("Hersha," "the Company," "we" or "our"), owner of luxury and lifestyle hotels in coastal gateway and resort markets, today announced results for the second quarter ended June 30, 2023. Second Quarter 2023 Financial Results (U

PHILADELPHIA, June 12, 2023 (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 the second quarter 2023 after the market close on Wednesday, August 2, 2023. The Company will host a conference call to discuss these results at 9:00 AM Eastern Time on Thursday, August 3, 2023. Hosting the call will be Mr. Neil H. Shah, President and Chief Executive Officer, and Mr. Ashish Parikh, Chief Financial Officer. A live audio webcast of the conference call will be available on the Company's website at www.hersha.com. The co

PHILADELPHIA, May 18, 2023 (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 cash dividend of $0.05 per common share and per limited partnership unit for the second quarter ending June 30, 2023. These common share dividends and limited partnership unit distributions are payable July 17, 2023 to holders of record as of June 30, 2023. The Board of Trustees also declared a cash dividend of $0.4297 per Series C Preferred Share, $0.40625 per Series D Preferred Share, and $0.40625 per Series E Preferred Share for the second quarter en

    - First Quarter 2023 Net Loss of $(0.38) Per Share - - First Quarter 2023 Adjusted Funds from Operations1 of $0.02 Per Share - - Comparable Excluding Renovations Portfolio Growth to the First Quarter 2019 - - ADR Growth of 20.9% - - EBITDA Growth of 18.9% - - EBITDA Margin Growth of 196 bps - PHILADELPHIA, April 26, 2023 (GLOBE NEWSWIRE) -- Hersha Hospitality Trust (NYSE:HT) ("Hersha," "Company," "we" or "our"), owner of high-quality hotels in urban gateway markets and regional resort destinations, today announced results for the first quarter ended March 31, 2023. First Quarter 2023 Financial Results (Unaudited in thousands, except p

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What are Value Stocks? A value stock is traditionally defined in terms of how investors in the marketplace are valuing that company's future growth prospects. Low P/E multiples are good base indicators that the company is undervalued and can most likely be labelled as a value stock. Benzinga Insights has compiled a list of value stocks in the real estate sector that may be worth watching: Chicago Atlantic Real (NASDAQ:REFI) - P/E: 7.37 Hersha Hospitality (NYSE:HT) - P/E: 3.18 AFC Gamma (NASDAQ:AFCG) - P/E: 6.43 American Realty Investors (NYSE:ARL) - P/E: 0.68 Seven Hills Realty Trust (NASDAQ:SEVN) - P/E: 6.59 This quarter, Chicago Atlantic Real experienced a decrease in earnings per share

The most overbought stocks in the real estate sector presents an opportunity to go short on these overvalued companies. The RSI is a momentum indicator, which compares a stock's strength on days when prices go up to its strength on days when prices go down. When compared to a stock's price action, it can give traders a better sense of how a stock may perform in the short term. An asset is typically considered overbought when the RSI is above 70. Here’s the latest list of major overbought players in this sector. LuxUrban Hotels Inc. (NASDAQ:LUXH) LuxUrban Hotels posted better-than-expected sales for its second quarter. LuxUrban President and CFO stated, “Less than one year after compl

What Defines a Value Stock? A value stock is traditionally defined in terms of how investors in the marketplace are valuing that company's future growth prospects. Low P/E multiples are good base indicators that the company is undervalued and can most likely be labelled as a value stock. The following stocks are considered to be notable value stocks in the real estate sector: Forestar Group (NYSE:FOR) - P/E: 9.26 Hersha Hospitality (NYSE:HT) - P/E: 3.17 Sotherly Hotels (NASDAQ:SOHO) - P/E: 5.83 Arbor Realty Trust (NYSE:ABR) - P/E: 8.83 Alexander's (NYSE:ALX) - P/E: 9.02 This quarter, Forestar Group experienced an increase in earnings per share, which was $0.54 in Q2 and is now $0.93. Hers

The most overbought stocks in the real estate sector presents an opportunity to go short on these overvalued companies. The RSI is a momentum indicator, which compares a stock's strength on days when prices go up to its strength on days when prices go down. When compared to a stock's price action, it can give traders a better sense of how a stock may perform in the short term. An asset is typically considered overbought when the RSI is above 70. Here’s the latest list of major overbought players in this sector. Hersha Hospitality Trust (NYSE:HT) Hersha Hospitality Trust announced a merger with KSL Capital Partners LLC, an investor in travel and leisure businesses. "Following a multi-

The Meaning Behind Value Stocks A value stock is traditionally defined in terms of how investors in the marketplace are valuing that company's future growth prospects. Low P/E multiples are good base indicators that the company is undervalued and can most likely be labelled as a value stock. Below is a list of notable value stocks in the real estate sector: Hersha Hospitality (NYSE:HT) - P/E: 3.17 Seven Hills Realty Trust (NASDAQ:SEVN) - P/E: 6.72 Ready Capital (NYSE:RC) - P/E: 3.83 Sachem Cap (AMEX:SACH) - P/E: 8.09 Forestar Group (NYSE:FOR) - P/E: 9.13 Hersha Hospitality saw an increase in earnings per share from 0.02 in Q1 to $0.38 now. Most recently, the company reported a dividend yi

The most overbought stocks in the real estate sector presents an opportunity to go short on these overvalued companies. The RSI is a momentum indicator, which compares a stock's strength on days when prices go up to its strength on days when prices go down. When compared to a stock's price action, it can give traders a better sense of how a stock may perform in the short term. An asset is typically considered overbought when the RSI is above 70. Here’s the latest list of major overbought players in this sector. FLJ Group Limited (NASDAQ:FLJ) FLJ Group is scheduled to hold its 2023 annual general meeting on Sept. 18, 2023. The company’s stock has a 52-week high of $4.06. . RSI Value:

What Defines a Value Stock? A value stock is traditionally defined in terms of how investors in the marketplace are valuing that company's future growth prospects. Low P/E multiples are good base indicators that the company is undervalued and can most likely be labelled as a value stock. Below is a list of notable value stocks in the real estate sector: Hersha Hospitality (NYSE:HT) - P/E: 3.16 Sachem Cap (AMEX:SACH) - P/E: 7.87 Chicago Atlantic Real (NASDAQ:REFI) - P/E: 7.52 Transcontinental Realty (NYSE:TCI) - P/E: 0.65 Landsea Homes (NASDAQ:LSEA) - P/E: 7.45 Hersha Hospitality saw an increase in earnings per share from 0.02 in Q1 to $0.38 now. The company's most recent dividend yield si

What Defines a Value Stock? A value stock is traditionally defined in terms of how investors in the marketplace are valuing that company's future growth prospects. Low P/E multiples are good base indicators that the company is undervalued and can most likely be labelled as a value stock. Benzinga Insights has compiled a list of value stocks in the real estate sector that may be worth watching: Ladder Cap (NYSE:LADR) - P/E: 9.87 Hersha Hospitality (NYSE:HT) - P/E: 3.16 Rithm Capital (NYSE:RITM) - P/E: 7.81 Piedmont Office Realty (NYSE:PDM) - P/E: 9.96 American Realty Investors (NYSE:ARL) - P/E: 0.92 Most recently, Ladder Cap reported earnings per share at $0.33, whereas in Q1 earnings per

B.Riley Securities analyst Bryan Maher downgraded Hersha Hospitality Trust (NYSE: HT) to Neutral from Buy at an increased price target of $10 from $9.  The move came after the announcement of HT's acquisition by KSL Capital Partners for $10 per share.  The all-cash transaction is valued at approximately $1.4 billion. The purchase price represented a premium of approximately 60% over Hersha's closing share price on August 25, 2023. Related: Equity Fund Buys Hersha Hospitality Trust: Hotel REITs Go Wild The analyst had suspected that the REIT could be acquired within 12-18 months, given its refined portfolio of mainly upper upscale and upscale urban and leisure hotels in attractive gateway