Founded in 1984 and organized as a REIT in 1998, Hersha Hospitality Trust (formerly NYSE: HT) specialized in the ownership and operation of a high-quality portfolio of institutional-grade hotels. The company focused on properties in major US markets such as New York, Boston, Philadelphia, Washington D.C., Miami, and select locations in California. Its portfolio consisted of lifestyle, luxury, and upscale hotels, often affiliated with leading brands like Marriott, Hilton, and Hyatt, as well as independent boutique hotels. In November 2023, the company was acquired by KSL Capital Partners, a private equity firm specializing in travel and leisure, in an all-cash transaction, leading to its delisting from the New York Stock Exchange.

Founded in

United States