Hersha Hospitality Trust's CEO Discusses Q2 2012 Results - Earnings Call Transcript

Call Start: 09:05

Call End: 10:06

Hersha Hospitality Trust (HT)

Q2 2012 Earnings Conference Call

August 1, 2012 9:00 AM ET


Jay H. Shah - CEO

Neil H. Shah - President and COO

Ashish R. Parikh - CFO

Nikki Sacks - ICR


Andrew Didora Bank - Bank of America-Merrill Lynch

David Loeb - Robert W. Baird & Co. Inc

William Marks - JMP Securities LLC, Research Division

Ryan Meliker - MLV & Company

Smedes Rose - KBW

Tim Wengerd - Deutsche Bank

Nikhil Bhalla - FBR Capital Markets & Co., Research Division

William Crow - Raymond James & Associates, Inc.

Daniel Donlan – Janney Capital Markets.



Good morning ladies and gentlemen, and welcome to the Hersha Hospitality Trust Second Quarter 2012 Earnings Conference Call. Today’s call is being recorded. At this time, all participants are in a listen-only mode. We will be facilitating a question-and-answer session towards the end of this conference. (Operator Instructions)

At this time, I would like to turn the conference over to Nikki Sacks of ICR. Please go ahead.

Nikki Sacks

Thank you and good morning, everyone. I want to remind you that this conference call contains forward-looking statements within the meaning of Section 27A of the Securities Exchange Act of 1933 and Section 21E of the Securities Exchange Act of 1934 as amended by the Private Securities Litigation Reform Act of 1995.

These forward-looking statements reflect Hersha Hospitality Trust’s plans and expectations; including the Company’s anticipated results of operations through capital investments. These forward-looking statements involve known and unknown risks, and uncertainties and other factors that may cause the Company’s actual results, performance, achievements, or financial provisions to be materially different from any future results; performance, achievements, or financial position expressed or implied by these forward-looking statements. These factors are detailed in the Company’s press release and in the Company’s SEC filings.

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