Robert W Baird

Hersha Hospitality Trust (NYSE: HT), owner of upscale, mid-scale and extended stay hotels in major metropolitan markets, announced the pricing of its public offering of 24,000,000 common shares of beneficial interest, par value $0.01 ...

PHILADELPHIA--(BUSINESS WIRE)-- Hersha Hospitality Trust (NYSE: HT), owner of upscale, mid-scale and extended stay hotels in major metropolitan markets, announced the pricing of its public offering of 24,000,000 common shares of beneficial interest, par value $0.01 per share, at a price of $4.25 per share. Hersha has granted the underwriters of the offering a 30-day option to purchase up to an additional 3,600,000 common shares to cover over-allotments, if any. Gross proceeds from the offering will be approximately $102.0 million (or approximately $117.3 million if the underwriters exercise their overallotment option in full). The Company intends ...

Hersha Hospitality Trust (NYSE: HT) announced the closing of its previously announced public offering. At the closing, Hersha sold a total of 51,750,000 common shares of beneficial interest, par value $0.01 per share, including ...

PHILADELPHIA--(BUSINESS WIRE)-- Hersha Hospitality Trust (NYSE: HT), owner of upscale, mid-scale and extended stay hotels in major metropolitan markets, announced the closing of its previously announced public offering. At the closing, Hersha sold a total of 51,750,000 common shares of beneficial interest, par value $0.01 per share, including 6,750,000 common shares subject to an overallotment option exercised by the underwriters, for gross proceeds of approximately $155.3 million before deducting the underwriting discount and offering expenses payable by Hersha. Hersha intends to use approximately $110 million of the offering proceeds to acquire a Hampton Inn and a ...

Robert W. Baird upgrades Hersha Hospitality Trust (NYSE: HT) from ...