Hersha Hospitality Trust Announces Quarterly Dividends
September 15 2017 - 8:30AM
Hersha Hospitality Trust (NYSE:HT) (“Hersha” or the “Company”),
owner of upscale hotels in urban gateway markets, today announced
that its Board of Trustees 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 third quarter
ending September 30, 2017. The preferred share dividends are
payable October 16, 2017 to holders of record as of October 1,
2017.
The Board of Trustees also declared cash
dividends totaling $0.28 per common share and per limited
partnership unit for the second quarter ending September 30,
2017. These common share dividends and limited partnership
unit distributions are payable October 13, 2017 to holders of
record as of September 29, 2017.
Hersha Hospitality Trust (HT)
is a self-advised real estate investment trust in the hospitality
sector, which owns and operates high quality upscale hotels in
urban gateway markets and coastal destinations. The Company's 51
hotels totaling 7,804 rooms are located in New York, Washington,
DC, Boston, Philadelphia, South Florida and select markets on the
West Coast. The Company's common shares are traded on The New York
Stock Exchange under the ticker “HT”. For more information on
the Company, and the Company’s hotel portfolio, please visit the
Company's website at www.hersha.com
Forward Looking Statement
This press release contains forward-looking
statements within the meaning of the Private Securities Litigation
Reform Act of 1995, and, as such, may involve known and unknown
risks, uncertainties and other factors that may cause the actual
results or performance to differ from those reflected in the
forward-looking statement. For a description of these
factors, please review the information under the heading “Risk
Factors” included in Hersha Hospitality Trust’s filings with the
U.S. Securities and Exchange Commission Annual Report on Form 10-K
for the year ended December 31, 2016 and subsequent reports filed
by the Company with the Securities and Exchange Commission from
time to time.
Contact:Ashish Parikh, Chief Financial
OfficerGreg Costa, Manager of Investor Relations &
FinancePhone: (215) 238-1046
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