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-cash transaction valued at approximately $1.4 billion. The purchase price represents a premium of approximately 60% over Hersha’s closing share price on August 25, 2023, the last full trading day prior to this announcement.
Article - KSL Capital Acquires Hersha Hospitality Trust for $1.4 Billion - Hersha common shareholders to receive $10.00 per share in cash, a 60% premium to prior closing price
Hersha Hospitality Trust Announces Special Dividend and Continuation of Quarterly Cash Dividend forextv.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from forextv.com Daily Mail and Mail on Sunday newspapers.
Hersha Hospitality Trust (NYSE:NYSE:HT) Q3 2022 Earnings Conference Call October 27, 2022, 09:00 ET Company Participants Andrew Tamaccio - Finance Associate Neil Shah - President & COO.
– 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.