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HT on NYSE

Hersha Hospitality Trust

Owner of hotels

Hersha Hotels and Resorts, headquartered in Philadelphia, Pennsylvania, owns 18 hotels comprising 2,963 rooms. It is owned by KSL Capital Partners, a private equity firm. Notable hotels owned by the company are the St. Gregory Hotel and The Ritz-Carlton, Georgetown, both in Washington, DC.3 Its shares trade on NYSE under the symbol HT.1 Wikipedia text CC BY-SA 4.0

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Last updated Oct 21, 2026.

Overview

$405.9MRevenue, fiscal 20225
$166.1MNet income, fiscal 20225
1984Founded1

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  • TickerHT on NYSE1
  • Industryreal estate investment trust1
  • HeadquartersPhiladelphia1
  • Websitewww.hersha.com
  • Incorporated inMD6
  • Business address44 Hersha Drive, Harrisburg, Pa 171026
  • Filer categoryAccelerated filer6
  • Legal formStock Corporation4
  • LEI549300DNC58BIN1VO0644
  • StatusInactive4
  • LEI statusRetired4
  • Registered addressC/O CSC-LAWYERS INCORPORATING SERVICE COMPANY, 21202 Baltimore, United States4
  • Registered withBusiness Services (Maryland Department of Assessments and Taxation), D049978394

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Hersha Hotels and Resorts, headquartered in Philadelphia, Pennsylvania, owns 18 hotels comprising 2,963 rooms. It is owned by KSL Capital Partners, a private equity firm. Notable hotels owned by the company are the St. Gregory Hotel and The Ritz-Carlton, Georgetown, both in Washington, DC.3

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2022

8.1%Operating margin5
40.9%Net margin5
37.1%Revenue growth, 20225
24.3%Return on equity5
0.93×Debt to equity5

Where the money goes

Where each dollar of revenue went, fiscal 2022

  • Other costs46¢$186.6M
  • Interest12¢$48.4M
  • Income tax1¢$4.8M
  • Profit41¢$166.1M

Out of $405.9M in revenue.5

Where each dollar of operating cash went, fiscal 2022

  • Dividends paid3¢$2.0M
  • Kept or used elsewhere97¢$73.6M

Out of $75.6M of cash from operations.5

Financial statements

Revenue891011125$405.9M in 2022−14% since 2015
0$200.0M$400.0M$600.0M2015: $470.4M$470.4M20152016: $466.6M$466.6M2016−1%2017: $498.2M$498.2M2017+7%2018: $495.1M$495.1M2018−1%2019: $530.0M$530.0M2019+7%2020: $176.7M$176.7M2020−67%2021: $296.0M$296.0M2021+68%2022: $405.9M$405.9M2022+37%
Operating income891011125$33.0M in 2022−60% since 2015
-$200.0M-$100.0M0$100.0M2015: $82.4M$82.4M20152016: $65.5M$65.5M2016−20%2017: $49.6M$49.6M2017−24%2018: $52.7M$52.7M2018+6%2019: $46.4M$46.4M2019−12%2020: -$122.4M-$122.4M20202021: -$29.6M-$29.6M2021−76%2022: $33.0M$33.0M2022
Net income891011125$166.1M in 2022+293% since 2015
-$200.0M-$100.0M0$100.0M$200.0M2015: $42.2M$42.2M20152016: $121.5M$121.5M2016+188%2017: $104.9M$104.9M2017−14%2018: $8.4M$8.4M2018−92%2019: -$5.8M-$5.8M20192020: -$187.8M-$187.8M2020+3111%2021: -$43.4M-$43.4M2021−77%2022: $166.1M$166.1M2022
Fiscal year20152016201720182019202020212022
Revenue$470.4M8$466.6M9$498.2M10$495.1M11$530.0M12$176.7M5$296.0M5$405.9M5
Operating expenses$325.6M5$372.8M5
Operating income$82.4M8$65.5M9$49.6M10$52.7M11$46.4M12-$122.4M5-$29.6M5$33.0M5
Interest$43.6M8$44.4M9$42.7M10$48.5M11$52.2M12$51.8M5$56.1M5$48.4M5
Income before tax-$42.5M5$170.9M5
Income tax-$3.1M8-$4.9M9$5.3M10$267.0K11$92.0K12$11.3M5$838.0K5$4.8M5
Net income$42.2M8$121.5M9$104.9M10$8.4M11-$5.8M12-$187.8M5-$43.4M5$166.1M5
Earnings per share$0.5616$2.2116
Earnings per share (diluted)$0.5616$2.1816
Shares (weighted, basic)39.1M shares539.4M shares5
Shares (weighted, diluted)39.1M shares541.2M shares5

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Corporate structure

Hersha Hospitality Trust sits at the top of its group. 1 entity, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of Hersha Hospitality Trust

  • Beryl Capital Management LLC Filed SC 13G/A on Hersha Hospitality Trust, latest Feb 8, 2024 (2 filings since Sep 18, 2023)
  • GLAZER CAPITAL, LLC Filed SC 13G/A on Hersha Hospitality Trust, latest Dec 8, 2023 (2 filings since Oct 2, 2023)
  • Tarsadia Capital, LLC Filed SC 13G on Hersha Hospitality Trust, latest Sep 5, 2023
  • BlackRock Filed SC 13G/A on Hersha Hospitality Trust, latest Apr 6, 2023 (5 filings since Jan 26, 2022)
  • VANGUARD GROUP INC Filed SC 13G/A on Hersha Hospitality Trust, latest Feb 9, 2023 (3 filings since Oct 12, 2021)
  • Hersha Hospitality Trust Harrisburg, Pennsylvania, United States

Built from parent and subsidiary links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What Hersha Hospitality Trust reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Operating-lease assets (leased space)$16.2M5 Dec 31, 2022$43.4M5 Dec 31, 2021−62.6%

Real estate and locations

ItemLatestA year beforeChange
Real estate investments, net$1.2B5 Dec 31, 2022$1.7B5 Dec 31, 2021−28.6%
Real estate investments, at cost$1.7B5 Dec 31, 2022$2.3B5 Dec 31, 2021−26.8%
Real estate accumulated depreciation$505.3M5 Dec 31, 2022$650.7M5 Dec 31, 2021−22.3%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$225.0M5 Dec 31, 2022$72.2M5 Dec 31, 2021+211.4%
Stakes in other companies (equity method)$5.0M5 Dec 31, 2022$5.6M5 Dec 31, 2021−10.6%

Intangibles and goodwill

ItemLatestA year beforeChange
Intangible assets, net (excluding goodwill)$684.0K5 Dec 31, 2022$1.3M5 Dec 31, 2021−48.8%
Accumulated amortization$1.2M5 Dec 31, 2022$6.9M5 Dec 31, 2021−82.6%

The story

In January 1979, Indian-American immigrant Hasu P. Shah and his wife, Hersha, after whom the company was named, bought an 11-room motel near Harrisburg, Pennsylvania. Five years later, Hasu Shah formed the company and purchased a hotel in Harrisburg, Pennsylvania.

In January 1999, a year after being organized into a Maryland real estate investment trust, it became a public company via an initial public offering.

In May 2006, the firm acquired four Boston-area hotels for $44 million.

In June 2015, the company acquired the St. Gregory Hotel in Washington, D.C. for $57 million. The company acquired The Ritz-Carlton, Georgetown for $49.9 million in January 2016.

Hersha sold seven of its Manhattan hotels in February 2016 to a joint venture with Chinese company Cindat Capital Management.

In November 2023, private equity firm KSL Capital Partners acquired Hersha for $1.4 billion.

From Wikipedia’s article on Hersha Hotels and Resorts, shared under CC BY-SA 4.0.7

Leadership

Who has led Hersha Hospitality Trust, and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. Hasu P. Shah2006
  2. Jay H. Shah2006–2023

Chair

  1. Hasu P. Shah2006–2023

President

  1. Jay H. Shah2006–2010
  2. Neil H. Shah2006–2023

Chief financial officer

  1. Ashish R. Parikh2006–2023

Chief operating officer

  1. Jay H. Shah2006
  2. Neil H. Shah2006–2023
1990200020102020
Board members and other officers (17)

Products and brands

  • hotel

Listed on Wikidata.1

Timeline

  1. Nov 28, 20238-K Ended a material agreement; Completed an acquisition or sale; Listing notice or transfer39
  2. Nov 8, 20238-K Shareholder vote40
  3. Aug 28, 20238-K Entered a material agreement; Regulation FD disclosure; Other events41
  4. Aug 2, 20238-K Results of operations42
  5. May 26, 20238-K Entered a material agreement; Shareholder vote43
  6. Apr 26, 20238-K Results of operations44
  7. Feb 15, 20238-K Results of operations45
  8. Jan 4, 20238-K Executive or director change46
  9. Oct 26, 20228-K Results of operations47
  10. Sep 22, 20228-K Executive or director change48
  11. Aug 10, 20228-K Completed an acquisition or sale49
  12. Aug 8, 20228-K Entered a material agreement; Ended a material agreement; New debt or obligation50
  13. Jun 5, 2006New chief executive Jay H. Shah becomes CEO19
  14. Feb 21, 2006New chief executive Hasu P. Shah becomes CEO18
  15. 1984Founded Founded1

Calendar

When it reported results

  1. Aug 2, 2023Reported quarterly or annual results42
  2. Apr 26, 2023Reported quarterly or annual results44
  3. Feb 15, 2023Reported quarterly or annual results45
  4. Oct 26, 2022Reported quarterly or annual results47
  5. Aug 3, 2022Reported quarterly or annual results51
  6. Apr 28, 2022Reported quarterly or annual results52
  7. Feb 16, 2022Reported quarterly or annual results53
  8. Jan 20, 2022Reported quarterly or annual results54

Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar

Filings

162 filings to the SEC since October 2021: 2 annual reports, 7 quarterly reports, 18 major events, 61 insider forms, 13 large holders, 61 other. The latest 20:

  1. Feb 8, 2024SC 13G/A EDGAR
  2. Dec 8, 202315-12G EDGAR
  3. Dec 8, 2023SC 13G/A EDGAR
  4. Nov 28, 2023EFFECT EDGAR
  5. Nov 28, 2023EFFECT EDGAR
  6. Nov 28, 2023EFFECT EDGAR
  7. Nov 28, 2023EFFECT EDGAR
  8. Nov 28, 2023EFFECT EDGAR
  9. Nov 28, 2023EFFECT EDGAR
  10. Nov 28, 2023EFFECT EDGAR
  11. Nov 28, 2023EFFECT EDGAR
  12. Nov 28, 2023EFFECT EDGAR
  13. Nov 28, 2023EFFECT EDGAR
  14. Nov 28, 2023EFFECT EDGAR
  15. Nov 28, 2023EFFECT EDGAR
  16. Nov 28, 2023EFFECT EDGAR
  17. Nov 28, 2023EFFECT EDGAR
  18. Nov 28, 2023EFFECT EDGAR
  19. Nov 28, 2023EFFECT EDGAR
  20. Nov 28, 2023EFFECT EDGAR

The 162 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

4 open-market trades by officers, directors and large owners since October 2021: 2 buys and 2 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Feb 23, 2023Hutchison Thomas J IIIDirectorBuy5,000$8.56$42.8KForm 4
Dec 30, 2022Gillespie Michael RChief Accounting OfficerSale10,000$8.50$85.0KForm 4
Dec 29, 2022Gillespie Michael RChief Accounting OfficerSale29,887$8.45$252.4KForm 4
May 9, 2022LEVEN MICHAEL ADirectorBuy5,000$20.20$101.0KForm 4

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

SEC filer profile

How Hersha Hospitality Trust is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARHERSHA HOSPITALITY TRUST2
  • CIK0001063344
  • Employer ID (EIN)25-18114992
  • Filer statusAccelerated filer2
  • Incorporated inMaryland2
  • Fiscal year endsDecember 312
  • Industry code (SIC)6798 Real Estate Investment Trusts2
  • SEC reviewing officeOffice of Real Estate & Construction, Division of Corporation Finance2
  • Business address44 Hersha Drive, Harrisburg, PA 171022
  • Phone71723644002
  • Public float$387.6M as of Jun 30, 20225
  • On EDGAR sinceJun 5, 19982
  • Filings1,535 in all: 4 (734), 8-K (227), SC 13G/A (96), 10-Q (75), SC 13G (35), 424B5 (31), EFFECT (30), 10-K (24)2
    All 51 form types

    DEF 14A (24), UPLOAD (21), CORRESP (20), 8-K/A (18), POS AM (18), S-3 (16), 4/A (14), DEFA14A (14), SC 13D/A (14), 3 (13), 5 (10), S-11/A (8), 8-A12B (7), ARS (7), S-8 (7), S-8 POS (7), SC 13D (6), 10-Q/A (5), S-3/A (5), 10-K/A (4), 3/A (4), CERTNYS (4), FWP (4), S-3ASR (4), 25-NSE (3), 424B3 (3), 424B4 (3), 5/A (2), NT 10-K (2), S-11 (2), S-2/A (2), 10-K405 (1), 15-12G (1), 25 (1), 424B1 (1), CERTAMX (1), DEFM14A (1), DEL AM (1), POS462B (1), PREM14A (1), S-2 (1), S-2MEF (1), S-3MEF (1)

  • Latest filingsAnnual report (10-K) Feb 23, 2023
    Quarterly report (10-Q) Nov 9, 2023
    Proxy statement (DEF 14A) Apr 13, 2023
    Latest 8-K (8-K) Nov 28, 2023

Sources

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