Hersha Hospitality Trust Announces Dividends
March 16 2011 - 4:01PM
Business Wire
Hersha Hospitality Trust (NYSE: HT), owner of select service and
upscale hotels in major metropolitan markets, today announced that
its Board of Trustees declared a cash dividend of $0.50 per Series
A Preferred Share for the first quarter ending March 31, 2011. The
preferred share dividend is payable April 15, 2011 to holders of
record as of April 1, 2011.
The Board of Trustees also declared quarterly cash dividends of
$0.05 per Common Share and per Limited Partnership unit for the
first quarter ending March 31, 2011. The common share dividend and
limited partnership unit distribution are payable April 15, 2011 to
holders of record as of March 31, 2011.
About Hersha Hospitality Trust
Hersha Hospitality Trust is a self-advised real estate
investment trust, which owns interests in 77 hotels, totaling
10,262 rooms, primarily along the Northeast Corridor from Boston,
MA to Washington DC Hersha also owns hotels in Northern California
and Scottsdale, Arizona. Hersha focuses on upscale, mid-scale and
extended stay hotels in major metropolitan markets.
Forward Looking Statement
Certain matters within this press release are discussed using
forward-looking language as specified in 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 projected in the
forward-looking statement. For a description of these factors,
please review the information under the heading “Risk Factors”
included in our Annual Report on Form 10-K for the year ended
December 31, 2010, filed with the Securities Exchange
Commission.
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