false000106334400010633442022-08-042022-08-040001063344us-gaap:CommonClassAMember2022-08-042022-08-040001063344us-gaap:SeriesCPreferredStockMember2022-08-042022-08-040001063344us-gaap:SeriesDPreferredStockMember2022-08-042022-08-040001063344us-gaap:SeriesEPreferredStockMember2022-08-042022-08-04

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington,  D.C. 20549 
  
FORM 8-K
  
CURRENT REPORT
Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934
 
Date of Report (Date of earliest event reported):  August 4, 2022
 
HERSHA HOSPITALITY TRUST
(Exact name of registrant as specified in its charter)
     
Maryland 001-14765 25-1811499
(State or other jurisdiction of incorporation) (Commission File Number) (IRS Employer Identification No.)
  44 Hersha Drive
Harrisburg, Pennsylvania 17102
(Address and zip code of
principal executive offices)
 
Registrant’s telephone number, including area code: (717) 236-4400
 
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instructions A.2. below):
   
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
 
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
Pre-commencement communications pursuant to Rule 13e4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 or Rule 12b-2 of the Securities Exchange Act of 1934.
Emerging growth company
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.
Securities registered pursuant to Section 12(b) of the Act:
Title of each class Trading Symbol(s) Name of each exchange on which registered
Class A Common Shares of Beneficial Interest, par value $.01 per share HT New York Stock Exchange
6.875% Series C Cumulative Redeemable Preferred Shares of Beneficial Interest, par value $.01 per share HT-PC New York Stock Exchange
6.50% Series D Cumulative Redeemable Preferred Shares of Beneficial Interest, par value $.01 per share HT-PD New York Stock Exchange
6.50% Series E Cumulative Redeemable Preferred Shares of Beneficial Interest, par value $.01 per share HT-PE New York Stock Exchange




EXPLANATORY NOTE
Item 2.01 Completion of Acquisition or Disposition of Assets.

On August 4, 2022, the Company closed on the sale of six of the seven previously announced hotel dispositions to an unaffiliated buyer for a purchase price of $435.9 million. These six hotels included the Courtyard Brookline, the Hampton Inn Washington D.C., Hilton Garden Inn M Street, Hampton Inn Philadelphia, TownePlace Suites Sunnyvale, and the Courtyard Los Angeles Westside.

Item 9.01 Financial Statements and Exhibits.
(b)    Pro Forma Financial Information
See Exhibit 99.1 which contains an unaudited pro forma condensed consolidated balance sheet as of June 30, 2022, and an unaudited pro forma condensed consolidated statement of operations for the six months ended June 30, 2022 and for the year ended December 31, 2021. Such pro forma financial information is incorporated by reference herein.




SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

  HERSHA HOSPITALITY TRUST  
       
       
Date: August 10, 2022 By: /s/ Ashish R. Parikh  
  Name: Ashish R. Parikh  
  Title: Chief Financial Officer  


Hersha Hospitality (NYSE:HT-D)
Historical Stock Chart
Von Okt 2022 bis Nov 2022 Click Here for more Hersha Hospitality Charts.
Hersha Hospitality (NYSE:HT-D)
Historical Stock Chart
Von Nov 2021 bis Nov 2022 Click Here for more Hersha Hospitality Charts.