Hersha Hospitality Trust (NYSE: HT) (“Hersha” or the “Company”), owner of upscale hotels in urban gateway markets, today announced that its Board of Trustees declared a cash dividend of $0.50 per Series B Preferred Share and $0.4297 per Series C Preferred Share for the first quarter ending March 31, 2014. The preferred share dividends are payable April 15, 2014 to holders of record as of April 1, 2014.
The Board of Trustees also declared quarterly cash dividends of $0.06 per Common Share and per Limited Partnership unit for the first quarter ending March 31, 2014. The common share dividend and limited partnership unit distribution are payable April 15, 2014 to holders of record as of March 31, 2014.
Hersha Hospitality Trust (HT) is a self-advised real estate investment trust in the hospitality sector, which owns and operates high quality, upscale hotels in urban gateway markets. The Company’s 51 hotels totaling 8,120 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 website at www.hersha.com.