HERSHA HOSPITALITY TRUST (NYSE:HT) Files An 8-K Results of Operations and Financial Condition
On February 25, 2019, Hersha Hospitality Trust issued a press release announcing results of operations for the year endedDecember 31, 2018.A copy of that press release is furnished as Exhibit 99.1.
The information furnished with this report shall not be deemed to be “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liability of that section, and shall not be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, regardless of any general incorporation by reference language contained therein, except as shall be expressly set forth by specific reference in such filing.
|Item 9.01||Financial Statements and Exhibits|
|Press release issued February 25, 2019|
HERSHA HOSPITALITY TRUST Exhibit
EX-99.1 2 exhibit991-q42018earni.htm EX 99.1 DocumentHERSHA HOSPITALITY TRUST510 Walnut Street | 9th FloorPhiladelphia | PA | 19106p. 215.238.1046 | f. 215.238.0157hersha.comHERSHA HOSPITALITY TRUST ANNOUNCESFULL YEAR AND FOURTH QUARTER 2018 RESULTS- Fourth Quarter 2018 Comparable Portfolio RevPAR Growth of 2.8% — Limited Capex Disruption Leads to Portfolio Outperformance – – Asset Management Initiatives Result in Margin Expansion — Newly Acquired Hotels Continue to Drive Results -Philadelphia,…
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About HERSHA HOSPITALITY TRUST (NYSE:HT)
Hersha Hospitality Trust is a real estate investment trust. The Company operates through investment in hotel properties segment. It invests in institutional grade hotels in urban gateway markets, including New York, Washington District of Columbia (DC), Boston, Philadelphia, South Florida and select markets on the West Coast. The Company owns its hotels and its investments in joint ventures through its operating partnership, Hersha Hospitality Limited Partnership, for which it serves as a general partner. Its portfolio consists of over 50 limited and full service properties with a total of over 7,220 rooms and interests in approximately five limited and full service properties owned through joint venture investments with a total of approximately 1,370 rooms. It leases its hotels to 44 New England Management Company (44 New England), its taxable REIT subsidiary (TRS). Its properties include Courtyard, The Boxer, Hawthorn Suites by Wyndham, Hyatt House, Hotel Milo and TownePlace Suites.