Hersha Hospitality Trust (NYSE: HT), owner of upscale hotels in urban gateway markets, today announced that its Board of Trustees declared a cash dividend of $0.50 per Series A and Series B Preferred Shares for the first quarter ending March 31, 2012. The preferred share dividends are payable April 16, 2012 to holders of record as of April 1, 2012.
The Board of Trustees also declared quarterly cash dividends of $0.06 per Common Share and per Limited Partnership unit for the first quarter ending March 31, 2012. The common share dividend and limited partnership unit distribution are payable April 16, 2012 to holders of record as of March 30, 2012.
About Hersha Hospitality Trust
Hersha Hospitality Trust is a self-advised real estate investment trust, which owns 67 hotels in major urban gateway markets including New York, Washington, Boston, Philadelphia, Los Angeles and Miami totaling 9,598 rooms. HT follows a highly selective investment approach and leverages operational advantage through rigorous and sustainable asset management practices. For further information on the Company visit our website at www.hersha.com.Forward-Looking Statements This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, and, as such, may involve known and unknown risks, uncertainties and other factors that may cause the actual results or performance to differ from those reflected in the forward-looking statement. For a description of these factors, please review the information under the heading “Risk Factors” included in Hersha Hospitality Trust’s Annual Report on Form 10-K for the year ended December 31, 2011, filed with the U.S. Securities Exchange Commission.
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