Hersha Hospitality Trust (NYSE: HT), owner of select service and upscale hotels in major metropolitan 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 third quarter ending September 30, 2011.
Hersha Hospitality Trust (NYSE: HT), owner of select service and upscale hotels in major metropolitan 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 third quarter ending September 30, 2011. The preferred share dividends are payable October 17, 2011 to holders of record as of October 1, 2011.
The Board of Trustees also declared quarterly cash dividends of $0.06 per Common Share and per Limited Partnership unit for the third quarter ending September 30, 2011. The common share dividend and limited partnership unit distribution are payable October 14, 2011 to holders of record as of September 30, 2011.
Hersha Hospitality Trust is a self-advised real estate investment trust, which owns interests in 79 hotels, totaling 10,702 rooms, primarily along the Northeast Corridor from Boston, MA to Washington DC. Hersha also owns hotels in Los Angeles, Northern California and Scottsdale, Arizona. Hersha focuses on upscale, mid-scale and extended stay hotels in major metropolitan markets.
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