Hersha Hospitality files $500 million shelf for stock and preferreds

By Devika Patel

Knoxville, Tenn., Nov. 13 - Hersha Hospitality Trust filed a $500 million shelf in an S-3 filing with the Securities and Exchange Commission.

The registration covers class A common shares of beneficial interest, preferred shares of beneficial interest, depositary shares, warrants and units.

The securities may be structured as convertibles.

Proceeds will be used for general corporate purposes.

Hersha is a Philadelphia-based real estate investment trust that focuses on upscale hotels in markets with high barriers to entry.

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