Hersha Hospitality Trust (HT) Reports In-Line Q2 FFO, Offers Guidance
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Hersha Hospitality Trust Announces Second Quarter 2016 Results
July 27, 2016 5:30 PM EDT- Comparable Portfolio RevPAR Growth of 2.6% -
- Sells 7 Hotels to Cindat at a 5.4% Capitalization Rate -
- Issues Preferred Shares at Lowest Coupon in Company History -
- Repurchases $36.8 Million of Common Shares -
- Continues Capital Recycling Via Suburban Boston Asset Sales -
PHILADELPHIA--(BUSINESS WIRE)-- Hersha Hospitality Trust (NYSE: HT) (Hersha or the Company), owner of upscale hotels in urban gateway markets, today announced results for the second quarter ended June 30, 2016.
Second Quarter 2016 Financial Results
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