Hersha Hospitality Trust
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Hersha Hospitality Trust - overview
Established
1984
Location
Philadelphia, PA, US
Primary Industry
Travel & Leisure
About
Based in Pennsylvania, US, and founded in 1984 by founder Hasu P. Shah, Hersha Hospitality Trust operates luxury and lifestyle hotels and resorts. In August 2023, KSL Capital Partners agreed to acquire all of Hersha Hospitality Trust's outstanding shares for approximately USD 1. 4 billion in cash at USD 10 apiece.
As of March 2024, the company is led by CEO Neil H. Shah. Hersha boasts a portfolio comprising luxury and lifestyle hotels, operating 23 properties with 3,572 rooms. The hotels are located in New York, Boston, Washington, D.
C. , Florida, and California.
Current Investors
KSL Capital Partners
Primary Industry
Travel & Leisure
Sub Industries
Hotels & Accommodations
Website
www.hersha.com
Company Stage
Mature
Total Amount Raised
Subscriber access only
Hersha Hospitality Trust - timeline of key events
Hersha Hospitality Trust - financials
| Fiscal Year Ended | Dec 31, 2015 | Dec 31, 2016 | Dec 31, 2017 | Dec 31, 2018 | Dec 31, 2019 | Dec 31, 2020 | Dec 31, 2021 | Dec 31, 2022 |
|---|---|---|---|---|---|---|---|---|
| Revenue (USD) | 470,385,000 | 466,370,000 | 469,640,000 | 462,453,000 | 490,077,000 | - | - | - |
| % Revenue Growth (YoY) | - | (0.9%) | 0.7% | (1.5%) | 6.0% | - | - | - |
| EBITDA (USD) | 157,892,000 | 142,188,000 | 135,123,000 | 144,413,000 | 144,489,000 | - | - | - |
| Operating Income (USD) | 82,393,000 | 65,522,000 | 49,569,000 | 52,700,000 | 46,370,000 | - | - | - |
| Operating Margin | 17.5% | 14.0% | 10.6% | 11.4% | 9.5% | - | - | - |
| % EBITDA Margin | 33.6% | 30.5% | 28.8% | 31.2% | 29.5% | - | - | - |
| NET Income (USD) | 42,207,000 | 121,457,000 | 104,940,000 | 8,365,000 | (5,847,000) | - | - | - |
| % Net Margin | 9.0% | 26.0% | 22.3% | 1.8% | (1.2%) | - | - | - |
Hersha Hospitality Trust - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| N/A | Completed | Holiday Inn Express New York City | - | ||||||||
| Public to Private | Completed | Hersha Hospitality Trust | - |
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Hersha Hospitality Trust - employee data
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