HT / Hersha Hospitality stock soars after buyout deal at 59% premium with KSL Capital

PHILADELPHIA, Oct. 03, 2023 (GLOBE NEWSWIRE) -- Hersha Hospitality Trust (NYSE: HT) (“Hersha” or the “Company”), owner of luxury and lifestyle more_horizontal

Hersha Hospitality Trust agreed to be acquired by private equity firm KSL Capital Partners at a 60% premium to Friday's closing price. The deal still more_horizontal

Shares of Hersha Hospitality Trust HT, soared 56.7% toward an eight-month high in premarket trading Monday, after the real estate investment trust foc more_horizontal

Although the revenue and EPS for Hersha Hospitality (HT) give a sense of how its business performed in the quarter ended June 2023, it might be worth more_horizontal

Hersha Hospitality (HT) came out with quarterly funds from operations (FFO) of $0.38 per share, missing the Zacks Consensus Estimate of $0.41 per shar more_horizontal

The article discusses an arbitrage opportunity between Hersha Hospitality Trust 6.875% Series C Preferred and Hersha Hospitality Trust 6.50% Series E more_horizontal

Hersha Hospitality Trust is a hospitality REIT focused on luxury, upscale, and upper midscale hotels in key markets such as New York City, Boston, Was more_horizontal

Hersha Hospitality Trust is a real estate investment trust specializing in upscale and luxury hotels. The company has been recovering well after Covid more_horizontal