Hersha Hospitality Trust (NYSE: HT) (“Hersha”, the “Company”), owner of upscale hotels in urban gateway markets, today announced the Hyatt Union Square New York Hotel has been included in Fodor’s 100 Hotel Awards within the ‘Sleek Urban Address’ category.
Mr. Jay H. Shah, Hersha’s Chief Executive Officer, stated, “We are very pleased to have the Hyatt Union Square recognized as a Fodor’s 100 Hotel. Fodor’s is synonymous with savvy travel and the most current tastes and preferences in the industry. Travelers from around the globe reference the organization’s print and online guides for the best hotels, restaurants and activities on a daily basis. To have Hersha’s flagship New York City property among such prestigious hotels is a testament to the vision of our team and the daily execution that makes the Hyatt Union Square a unique, modern urban hotel experience.”
The Hyatt Union Square opened in April 2013 and includes 178 guest rooms, 10 suites with private outdoor terrace space, 2 luxury suites, 3 unique dining options and a bustling lobby bar. The hotel is strategically positioned to leverage the multiple demand generators in Midtown South, Greenwich Village and Downtown. The hotel, at the corner of 4th Avenue and 13th Street, is the closest major hotel to New York University and is convenient to the entertainment, fashion and design districts of Manhattan.
The Fodor’s 100 Hotel Awards is an annual list of the world’s most relevant and impactful hotels. Fodor's 500 global contributors nominated 4,000 hotels from the 17,000 properties reviewed annually. Fourteen Fodor's editors chose the winners from the nominations. Fodor's is the world's largest publisher of English language travel and tourism information. Fodor's Travel and Fodors.com are divisions of Random House, Inc.As a 2013 Fodor’s 100 Hotel Award-winning property, the Hyatt Union Square New York will be featured on www.Fodors.com and in a free interactive eBook, available in the iBookstore. A complete list of all 100 selected hotels is available at http://www.fodors.com/hotel-awards/2013/. About Hersha Hospitality Hersha Hospitality Trust (HT) is a self-advised real estate investment trust in the hospitality space, which owns and operates high quality upscale hotels in urban gateway markets. The Company’s 48 hotels totaling 7,755 rooms are located in New York, Boston, Philadelphia, Washington, DC, Miami and select markets on the West Coast. The Company’s shares are traded on The New York Stock Exchange-Euronext under the ticker “HT”. For more information on the Company, and the Company’s hotel portfolio, please visit the Company's Web site at www.hersha.com. Forward Looking Statement Certain matters within this press release, including, among others, the anticipated closing of the sale of the 16 non-core hotels and potential for EBITDA growth are discussed using “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 projected in the forward-looking statement. For a description of these factors, please review the information under the heading “Risk Factors” in Hersha Hospitality Trust’s filings with the SEC, including its Annual Report on Form 10-K for the year ended December 31, 2012. No assurance can be given that the anticipated sale will occur by the end of the first quarter of 2014 on the terms described above and in the Company’s filings with the SEC or at all.