| Market Capitalization (Millions $) |
- |
| Shares
Outstanding (Millions) |
40 |
| Employees |
270 |
| Revenues (TTM) (Millions $) |
361 |
| Net Income (TTM) (Millions $) |
34 |
| Cash Flow (TTM) (Millions $) |
44 |
| Capital Exp. (TTM) (Millions $) |
35 |
Business Description
Hersha Hospitality Trust is a real estate investment trust (REIT) that owns and operates a portfolio of upscale hotels across the United States. The company was founded in 1998 and is headquartered in Philadelphia, Pennsylvania.
Hersha Hospitality Trust's portfolio includes over 50 hotels with a total of more than 7,500 rooms. The company's focus is on owning and operating upscale, boutique hotels in urban markets, such as New York City, Los Angeles, and Miami. Hersha's hotels are typically located in prime locations, close to major attractions, business centers, and transportation hubs.
The company's hotels are targeted at both business and leisure travelers, and offer a range of amenities, such as fitness centers, restaurants, and meeting facilities. Many of Hersha's hotels are affiliated with major hotel brands, such as Marriott, Hilton, and Hyatt.
Hersha is committed to sustainability and has implemented several green initiatives across its portfolio. Many of its hotels have received LEED certification and are equipped with energy-efficient lighting and HVAC systems.
In addition to its hotel operations, Hersha also owns and operates several parking facilities in major urban markets. The company's parking assets provide a supplementary source of revenue and support its hotel operations.
Overall, Hersha Hospitality Trust is a leading player in the upscale hotel market, with a strong focus on urban markets and a commitment to sustainability. Its diverse portfolio and strategic partnerships with major hotel brands position it well for continued growth and success in the hospitality industry.
Company Address: 44 Hersha Drive Harrisburg 17102 PA
Company Phone Number: 236-4400 Stock Exchange / Ticker: NYSE HT
|
%
