Hersha Hospitality Trust: directors' dealings · United States · SEC (Form 4)

About Hersha Hospitality Trust

Hersha Hospitality Trust (ticker: HT) was historically a U.S.-listed hotel real estate investment trust traded on the NYSE under the symbol HT. From an investor’s perspective, it belonged to the lodging and hospitality universe, with a portfolio strategy focused on owning and operating hotel assets in attractive U.S. markets. It is important to note that the company’s market profile changed materially after its 2023 acquisition by KSL Capital Partners, which effectively transformed Hersha from a public equity REIT into a privately held hospitality platform. ([en.wikipedia.org](https://en.wikipedia.org/wiki/Hersha_Hospitality_Trust?utm_source=openai)) Hersha was founded in 1984 by Hasu P. Shah, following hotel investments that began in the late 1970s in Pennsylvania. Public sources associated the company with Harrisburg, Pennsylvania as an early base, while later materials also reference Philadelphia, Pennsylvania as the company headquarters location. That entrepreneurial origin shaped Hersha’s long-standing approach: build a concentrated portfolio, improve hotel operations, and grow value through asset selection and active management. ([en.wikipedia.org](https://en.wikipedia.org/wiki/Hersha_Hospitality_Trust?utm_source=openai)) The company’s core business was hotel ownership and hospitality real estate management. Before becoming private, Hersha’s portfolio was primarily composed of select-service and full-service hotels, with an emphasis on urban, high-demand locations and destination-driven markets across the United States. Its operating model relied on hotel revenue generation, occupancy, RevPAR improvement, and disciplined capital allocation. In competitive terms, Hersha sat alongside other U.S. hotel REITs and lodging owners competing for business travel, leisure demand, and group bookings. ([sec.gov](https://www.sec.gov/Archives/edgar/data/1063344/000106334423000018/ht-20221231.htm?utm_source=openai)) Geographically, Hersha historically concentrated on major U.S. lodging markets, including gateway cities and business/leisure corridors where demand is supported by corporate travel, tourism, and transient stays. That footprint allowed the company to participate in the premium end of the U.S. hotel market, where asset quality, brand mix, location, and operational efficiency tend to drive relative performance. ([sec.gov](https://www.sec.gov/Archives/edgar/data/1063344/000106334423000018/ht-20221231.htm?utm_source=openai)) A key recent development was the November 2023 acquisition of Hersha by KSL Capital Partners for approximately $1.4 billion. That transaction was the defining corporate event for the company and is the main reason the name remains relevant in SEC archives and historical insider-transaction records, even though it is no longer a typical publicly traded REIT in its former form. For investors screening SEC Form 4 activity, that context is essential: the name HT is historically NYSE-linked, but the company’s current ownership structure is private following the buyout. ([en.wikipedia.org](https://en.wikipedia.org/wiki/Hersha_Hospitality_Trust?utm_source=openai))