Hersha Hospitality Trust Announces Dividends
December 09 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 and Series B Preferred Shares for the fourth quarter ending
December 31, 2011. The preferred share dividends are payable
January 17, 2012 to holders of record as of January 1, 2012.
The Board of Trustees also declared quarterly cash dividends of
$0.06 per Common Share and per Limited Partnership unit for the
fourth quarter ending December 31, 2011. The common share dividend
and limited partnership unit distribution are payable January 13,
2012 to holders of record as of January 3, 2012.
About Hersha Hospitality Trust
Hersha Hospitality Trust is a self-advised real estate
investment trust, which owns 80 hotels in major markets including
New York, Washington, Boston, Philadelphia, Miami and Los Angeles.
HT focuses on upscale and mid-priced hotels in urban gateway
markets.
Forward-Looking Statements
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 factors that may
cause the Company’s actual results or performance to differ from
its forward-looking statements, please review the information under
the heading “Risk Factors” included in the Company’s Annual Report
on Form 10-K for the year ended December 31, 2010 and the Company’s
Quarterly Report on Form 10-Q for the quarter ended September 30,
2011 and other documents filed by the Company with the Securities
and Exchange Commission.
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