Hersha Hospitality Trust
Overview
Hersha Hospitality Trust is a real estate investment trust (REIT) that owns and operates upscale hotels in urban gateway and regional resort markets. The company's portfolio includes 18 hotels totaling 2,963 rooms located in cities such as New York, Washington, D.C., Boston, Philadelphia, South Florida, and California. Hersha focuses on high RevPAR and EBITDA growth hotels in innovation-driven gateway markets and high barrier resort locations. The company emphasizes local knowledge and operational advantages through its segmented local clusters, aiming to drive outperformance in each of its core markets. Hersha's properties have been recognized for excellence, with several receiving accolades such as the Condé Nast Traveler Readers' Choice Award in 2022 and 2023. In 2023, Hersha was acquired by KSL Capital Partners, a private equity firm, for approximately $1.4 billion, marking a significant milestone in the company's history. Founded in 1984 by Hasu P. Shah, Hersha Hospitality Trust has grown from a single hotel in Harrisburg, Pennsylvania, to a prominent player in the hospitality industry. The company's strategic focus on high-quality, upscale, mid-scale, and extended-stay hotels in metropolitan markets with high barriers to entry has positioned it favorably in the market. Hersha's operational strategy includes rigorous and sustainable asset management practices, aiming to deliver strong shareholder value and high cash flow for dividend distribution to investors. The company's commitment to excellence is evident in its portfolio, which features properties like The Envoy in Boston Seaport, The Rittenhouse Hotel in Philadelphia, and The Cadillac Hotel & Beach Club in Miami Beach, all recognized in the Condé Nast Traveler Readers' Choice Awards. Hersha's acquisition by KSL Capital Partners in 2023 has provided the company with additional resources and strategic direction. This acquisition is expected to enhance Hersha's ability to expand its portfolio and strengthen its position in the hospitality sector. The company's focus on high-quality assets in prime locations continues to be a key component of its strategy, ensuring sustained growth and profitability in the competitive hospitality market.
Investment Focus
- High-quality, upscale, mid-scale, and extended-stay hotels
- Properties in metropolitan markets with high barriers to entry
- Assets in urban gateway and regional resort markets
Portfolio Companies
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Unlock full contacts →Frequently asked questions about Hersha Hospitality Trust
What sectors does Hersha Hospitality Trust invest in?
Hersha Hospitality Trust invests in Real Estate and Hospitality, and is based in Philadelphia, Pennsylvania, United States. Hersha Hospitality Trust is listed as a other in the ConnectSafely investor database.
What stage does Hersha Hospitality Trust invest at?
Hersha Hospitality Trust backs companies at Growth and Late Stage.
Which regions does Hersha Hospitality Trust invest in?
Hersha Hospitality Trust invests across United States.
Who are the partners at Hersha Hospitality Trust?
Team members listed for Hersha Hospitality Trust include Chris Doyle (Chief Operating Officer) and Nicholas Lakas (Interim Chief Integration Officer).
What companies has Hersha Hospitality Trust invested in?
Hersha Hospitality Trust's portfolio includes The Envoy, Boston Seaport, The Rittenhouse Hotel, Philadelphia and The Cadillac Hotel & Beach Club, Miami Beach.
How do I contact Hersha Hospitality Trust?
Hersha Hospitality Trust's contact details — including phone and LinkedIn — are listed in the ConnectSafely investor database, along with its website and the LinkedIn profiles of its partners.
Last updated · Source: ConnectSafely investor database
