Hersha Hospitality Trust (HT) Misses Q1 FFO by 6c
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Hersha Hospitality Trust Announces First Quarter 2016 Results
April 28, 2016 5:40 PM EDT- Consolidated Portfolio RevPAR Growth Excluding Renovations of 4.6% -
- Comparable Portfolio RevPAR Growth Excluding Renovations of 2.7% -
- Q1 2016 Hotel EBITDA Growth of 6.3% -
- 7 Hotel Cindat JV on Track to Close -
PHILADELPHIA--(BUSINESS WIRE)-- Hersha Hospitality Trust (NYSE: HT) (Hersha or the Company), owner of upscale hotels in urban gateway markets, today announced results for the first quarter ended March 31, 2016.
First Quarter 2016 Financial Results
Adjusted Funds from Operations (AFFO) per diluted common share and OP Unit was $0.28 in first... More
