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Hersha Hospitality Trust Prices Public Offering of 6.875% Series C Preferred Shares

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Hersha Hospitality Trust Prices Public Offering of 6.875% Series C Preferred Shares Powered By Docstoc
					
				
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posted:2/26/2013
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Description: PHILADELPHIA--(BUSINESS WIRE)--Hersha Hospitality Trust (NYSE: HT) today announced that it has priced a public offering of 3,000,000 shares of its 6.875% Series C cumulative redeemable preferred shares of beneficial interest, par value $.01 per share ($25.00 liquidation preference per share), for gross proceeds of $75,000,000. Hersha intends to use the net proceeds of the offering for the redemption of all of Hersha’s outstanding 8.00% Series A cumulative redeemable preferred shares of beneficia a style='fon
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