Follow-On Offering

Real Estate
Follow-On Offering

Summary

Baird served as a lead manager in this offering.

About

Hersha Hospitality Trust (NYSE: HT)(“Hersha” or the “Company”) recently completed a follow-on offering of 27.6 million shares of its common stock at $4.25 per share, generating approximately $117.3 million of gross proceeds. Hersha intends to use the net proceeds of the offering to repay outstanding indebtedness under its revolving line of credit and for general corporate purposes.

Hersha Hospitality Trust is a self-advised real estate investment trust, which owns interests in 76 hotels, totaling 9,838 rooms, primarily along the Northeast Corridor from Boston to Washington, D.C. The Company also owns hotels in Northern California and Scottsdale, Arizona. Hersha focuses on upscale, mid-scale and extended stay hotels in major metropolitan markets.

For additional information about this transaction, please contact:

Mark Decker, Jr. (703) 821-5761
Justin Glasgow (703) 821-5763
Real Estate
Follow-On Offering
Date
March 2010
Company
Hersha Hospitality Trust
Transaction
M&A
Sectors
Real Estate
Target Location
North America

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