hersha hospitality trust (HT:New York)
Transactions by HERSHA HOSPITALITY TRUST (HT) in the last 6 months
IRSA Investments and Representations Inc. (BASE:IRSA) sold its entire 0.5% stake in Hersha Hospitality Trust (NYSE:HT) for $6.7 million on August 26, 2014. IRSA sold 1 million shares at a price of $6.74 per share.
Hersha Hospitality Trust (NYSE:HT) entered into a definitive agreement to acquire Parrot Key Hotel & Resort for $100 million in cash in April, 2014. The acquisition of Parrot Key will be funded with cash on hand and with a portion of the Hersha's $250 million senior unsecured term loan. For the trailing twelve months as of March 31, 2014, the hotel generated $7.5 million in earnings before interest, taxes, depreciation, and amortization (EBITDA). The hotel will continue ...
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