When was Hersha founded?

Hersha was founded in 1984 and raised its 1st funding round 25 years after it was founded.

Where is Hersha located?

Hersha is headquartered in Philadelphia, United States.

How many employees does Hersha have?

As of Dec 31, 2018, the latest employee count at Hersha is 54.

Is Hersha a funded company?

Hersha is a funded company, having raised an undisclosed amount across 6 funding rounds to date. The company's 1st funding round was a $***** Post IPO round, raised on Apr 08, 2009.

How much is Hersha worth?

The last known valuation of Hersha was $***** as of Oct 17, 2017.

When was the latest funding round of Hersha?

Hersha's latest funding was a $***** Conventional Debt round on Mar 08, 2016, with participation from 0 investor.

What is the annual revenue of Hersha?

Annual revenue of Hersha is between $100M and $500M as on Dec 31, 2022

Where does Hersha rank among its competitors?

Hersha ranks 2nd amongst 26 active competitors, only 1 of which is funded. RLJ Lodging Trust, which secured $296M in Apr, 2019.

Who are the top competitors of Hersha?

Hersha's top competitors include Sotherly Hotels, Host Hotels & Resorts and Sunstone Hotel Investors. Among them, RLJ Lodging Trust secured the most recent funding round in April, 2019.

Hersha - 2026 Company Profile, Funding, Competitors & Financials

Hersha is an acquired company based in Philadelphia (United States), founded in 1984. It operates as a Real estate investment trust focused on the hospitality industry. Hersha has raised an undisclosed amount in funding, with last known valuation of $*****. The company has 26 active competitors, including 1 funded and 22 that have exited. Its top competitors include companies like Sotherly Hotels, Host Hotels & Resorts and Sunstone Hotel Investors.

Company Details

Hersha Hospitality Trust is a real estate investment trust (REIT) focused on the hospitality industry. The company primarily engages in the investment, acquisition, and operation of upscale hotels in urban markets. Its property portfolio includes The Pan Pacific Hotel Seattle, Hyatt Union Square, The Ritz-Carlton Georgetown, The Envoy Boston Seaport, Hyatt House White Plains, and more.

Website: hersha.com
Phone Number: +1 **********

Key Metrics

Founded Year

1984

Location

Philadelphia, United States

Stage

Acquired

Latest Funding Round

Conventional Debt, Mar 08, 2016, $*****

Last Known Valuation

$***** as on Oct 17, 2017

Investors

JMP Group

Ranked

2^nd among 26 active competitors

Annual Revenue

$100M - $500M as on Dec 31, 2022

Employee Count

54 as on Dec 31, 2018

Investment & Acquisitions

Ambrose Hotel & 1 more

Similar Companies

Sotherly Hotels & 27 more

Exit Details

Acquired by KSL Capital Partners (Dec 01, 2023)

View Hersha's full profile

Hersha is associated with 1 legal entity given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Documents
HERSHA HOSPITALITY TRUST CIN: 1063344 , United States, Active		$100M - $500M (As on Dec 31, 2022)	27 (As on Dec 31, 2022)	-

Hersha got acquired by KSL Capital Partners on Dec 01, 2023.

Click here to take a look at Hersha's acquisition in detail

Hersha has raised funding over 6 rounds. Its first funding round was on Apr 08, 2009. Hersha has 1 institutional investor.

Here is the list of recent funding rounds of Hersha:

Filter this list

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Mar 08, 2016	3470688	Conventional Debt	1819735	3396372	7251267	9771296
Aug 11, 2015	5970177	Conventional Debt	7369978	1020695	3188683	4487661
Oct 03, 2014	3917403	Conventional Debt	1937315	1571117	5662593	4957756

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View details of Hersha's funding rounds and investors

Hersha's employee count trend

Hersha has 54 employees as of Dec 18. Here is Hersha's employee count trend over the years:

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Top competitors of Hersha include Sotherly Hotels, Host Hotels & Resorts and Sunstone Hotel Investors. Here is the list of Top 10 competitors of Hersha, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Sotherly Hotels 1958, Williamsburg (United States), Public	Hotel Chain	$25M	Kemmons Wilson Companies, Mutual of Omaha Bank ... & 2 others	55/100
2nd	Hersha 1984, Philadelphia (United States), Acquired	Real estate investment trust focused on the hospitality industry	-	JMP Group	55/100
3rd	Host Hotels & Resorts 1993, Washington, DC (United States), Public	Equity REIT investing in hotel properties	-	Greenleaf Trust	52/100
4th	Sunstone Hotel Investors 2004, Irvine (United States), Public	Equity REIT investing in hotel properties	-	JPMorgan Chase, Wells Fargo & 3 others	51/100
5th	Ryman Hospitality Properties 1925, Nashville (United States), Public	Commercial REIT that invests in hotel assets in urban and resort markets, media and entertainment assets	-	-	51/100
6th	FCPT 2015, Mill Valley (United States), Public	Provider of invests services for restaurant real estate franchise business	-	-	51/100
7th	Summit Hotel Properties 2004, Austin (United States), Public	Equity REIT investing in hotel properties	$30.8M	Raymond James, RBC Royal Bank & 8 others	50/100
8th	RLJ Lodging Trust 2011, Bethesda (United States), Public	Equity REIT that invests in Hotel properties	-	PNC, Bank of America	50/100
9th	Ashford Trust 2003, Dallas (United States), Public	Real estate investment trust focused on upper upscale, full-service hotels	-	-	49/100
10th	Chatham Lodging Trust 2009, West Palm Beach (United States), Public	Real estate investment trust focused on upscale, extended-stay and select-service hotels	-	Barclays, Citi & 6 others	47/100