Hersha Hospitality Trust (HT) Approves $100M Stock Buyback Plan
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Hersha Hospitality Trust Announces New $100 Million Share Repurchase Program
October 3, 2016 8:00 AM EDTPHILADELPHIA--(BUSINESS WIRE)-- Hersha Hospitality Trust (NYSE: HT) (Hersha or the Company), owner of upscale hotels in urban gateway markets, today announced that its Board of Trustees authorized a new share repurchase program of up to $100 million of the Companys outstanding common shares. This new program will commence upon completion of the Companys existing $100 million share repurchase program, of which approximately $23.1 million remains available for repurchases of the Companys outstanding common shares through the end of 2016. The Company expects to complete the new repurchase program prior to December 31, 2017, unless extended by the Board of Trustees.... More
