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Home > Company Index > Real Estate > REIT - Hotel/Motel > Hersha Hospitality Trust

Hersha Hospitality Trust
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 PROFILE
Hersha Hospitality Trust's fortune is in hotels, not chocolate. The real estate investment trust (REIT) owns interests in about 20 hotels containing about 2,000 rooms. The REIT's holdings include Comfort Inns, Holiday Inns, and Hampton Inns and are located primarily in Pennsylvania; the company is expanding into the metropolitan Atlanta market. Hersha Hospitality Trust owns the hotels and leases them to Hersha Hospitality Management (which is owned substantially by the management of the REIT) under percentage leases which entitle the REIT to a share of the hotels' revenues. Former Hersha Hospitality Trust trustee Bharat Mehta owns 27% of the company; chairman and CEO Hasu Shah owns about 24%.

 COMPETITION
Humphrey Hospitality Trust, Inc. (HUMP)
Innkeepers USA Trust (KPA)
Jameson Inns, Inc. (JAMS)

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 FINANCIAL OVERVIEW
Fiscal Year-End: December
2000 Sales (mil.): 12.80
1-Yr. Sales Growth: 73.0%
Employees: 700
Revenue per employee: $18,285.71

 KEY PEOPLE
• Hasu P. Shah
    CEO
• Ashish R. Parikh
    CFO

 CONTACT INFO
148 Sheraton Dr., Box A
New Cumberland, PA 17070
US
Phone: 717-770-2405
Fax: 717-774-7383
Online: Web Site

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