Hersha Hospitality Trust Overview
- Year Founded
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1984
- Status
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Acquired/Merged
- Employees
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31
- Latest Deal Type
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M&A
- Financing Rounds
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10
- Investments
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23
Hersha Hospitality Trust General Information
Description
Hersha Hospitality Trust is a self-advised real estate investment trust in the hospitality sector, which owns and operates high-quality upscale hotels in urban gateway markets. Its hotels are located in the central business districts and dense metropolitan centers of New York City, Boston, Washington, DC, Philadelphia, Miami, Los Angeles, and San Diego. The company's revenue streams include Hotel revenue and Other revenue.
Contact Information
Website
www.hersha.com(Operating Subsidiary)
Corporate Office
- 510 Walnut Street
- 9th Floor
- Philadelphia, PA 19106
- United States
Corporate Office
- 510 Walnut Street
- 9th Floor
- Philadelphia, PA 19106
- United States
Hersha Hospitality Trust Valuation & Funding
| Deal Type | Date | Amount | Valuation/ EBITDA |
Post-Val | Status | Debt |
|---|
Hersha Hospitality Trust Comparisons
Industry
Financing
Details
Hersha Hospitality Trust Competitors (12)
One of Hersha Hospitality Trust’s 12 competitors is DiamondRock Hospitality, a Corporation company based in Bethesda, MD.
| Company Name | Financing Status | Location | Employees | Total Raised | Last Financing Date/Type | Last Financing Amount |
|---|---|---|---|---|---|---|
| DiamondRock Hospitality | Corporation | Bethesda, MD | ||||
| Chatham Lodging Trust | Corporation | West Palm Beach, FL | ||||
| Pebblebrook Hotel Trust | Corporation | Bethesda, MD | ||||
| Summit Hotel Properties | Formerly PE-Backed | Austin, TX | ||||
| RLJ Lodging Trust | Corporation | Bethesda, MD |
Hersha Hospitality Trust Signals
Growth Rate
Growth
Size Multiple
Key Data Points
Similarweb Unique Visitors
Majestic Referring Domains
Hersha Hospitality Trust Former Investors
| Investor Name | Investor Type | Holding | Investor Since | Participating Rounds | Contact Info |
|---|
Hersha Hospitality Trust Investments & Acquisitions (23)
Hersha Hospitality Trust’s most recent deal was a Corporate Asset Purchase with Islander Resort. The deal was made on 03-Feb-2021.
| Company Name | Deal Date | Deal Type | Deal Size | Industry | Lead Partner |
|---|---|---|---|---|---|
| Islander Resort | 03-Feb-2021 | Corporate Asset Purchase | Hotels and Resorts | ||
| St. Gregory Luxury Hotel & Suites | 16-Jun-2015 | Corporate Asset Purchase | Buildings and Property | ||
| Hilton Garden Inn (Manhattan New York) | 30-May-2014 | Corporate Asset Purchase | Buildings and Property | ||
| Parrot Key Hotel & Villas | 07-May-2014 | Merger/Acquisition | Hotels and Resorts | ||
| Autograph Collection hotels (Miami's South Beach) | 17-Dec-2013 | Corporate Asset Purchase | Buildings and Property |
Hersha Hospitality Trust Subsidiaries (2)
| Company Name | Industry | Location | Founded |
|---|---|---|---|
| Parrot Key Hotel & Villas | Hotels and Resorts | Key West, FL | 2008 |
| The Cadillac Hotel & Beach Club | Hotels and Resorts | Miami Beach, FL |
Hersha Hospitality Trust Exits (4)
Hersha Hospitality Trust’s most recent exit was on 17-Dec-2013 from Blue Moon Hotel in South Beach. The exit was categorized as .
| Company Name | Exit Date | Exit Type | Exit Size | Status | Buyers |
|---|---|---|---|---|---|
| Blue Moon Hotel in South Beach | 17-Dec-2013 | Completed |
|
||
| Duane Street Hotel | 04-Jan-2008 | Completed |
|
||
| Mystic Partners | 15-Jun-2005 | Completed |
|
||
| Hersha Hospitality Trust (Seven Hotels) | Corporate Asset Purchase | Completed |
Hersha Hospitality Trust FAQs
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When was Hersha Hospitality Trust founded?
Hersha Hospitality Trust was founded in 1984.
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Where is Hersha Hospitality Trust headquartered?
Hersha Hospitality Trust is headquartered in Philadelphia, PA.
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What is the size of Hersha Hospitality Trust?
Hersha Hospitality Trust has 31 total employees.
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What industry is Hersha Hospitality Trust in?
Hersha Hospitality Trust’s primary industry is Real Estate Investment Trusts (REITs).
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Is Hersha Hospitality Trust a private or public company?
Hersha Hospitality Trust is a Private company.
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What is the current valuation of Hersha Hospitality Trust?
The current valuation of Hersha Hospitality Trust is .
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What is Hersha Hospitality Trust’s current revenue?
The current revenue for Hersha Hospitality Trust is .
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How much funding has Hersha Hospitality Trust raised over time?
Hersha Hospitality Trust has raised $1.31B.
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Who are Hersha Hospitality Trust’s investors?
IRSA Investments & Representations has invested in Hersha Hospitality Trust.
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Who are Hersha Hospitality Trust’s competitors?
DiamondRock Hospitality, Chatham Lodging Trust, Pebblebrook Hotel Trust, Summit Hotel Properties, and RLJ Lodging Trust are some of the 12 competitors of Hersha Hospitality Trust.
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When was Hersha Hospitality Trust acquired?
Hersha Hospitality Trust was acquired on 28-Nov-2023.
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Who acquired Hersha Hospitality Trust?
Hersha Hospitality Trust was acquired by KSL Capital Partners.
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