Hersha Hospitality Trust is being acquired by KSL Capital Partners, a private equity firm that specializes in the travel and leisure industries, in an all-cash deal valued at $1.4 billion. KSL is buying the REIT’s common shares at $10 per share, representing a premium of 60% over Hersha’s closing share price on August 25, 2023, the last full trading day prior to the announcement.

The company has “built an impressive, curated portfolio of experiential luxury and lifestyle hotels and resorts in strategic markets,” says Marty Newburger, partner at KSL, in prepared remarks. “We are uniquely suited to position the business for further success over the long term.”


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Erika Morphy

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