About Hersha
Hersha is a company based in Philadelphia (United States) founded in 1984 was acquired by KSL Capital Partners in December 2023.. The company has 27 employees as of December 31, 2022. Hersha has completed 2 acquisitions, including Ambrose Hotel and The Envoy Hotel. Hersha offers products and services including Hotel Accommodation and Sustainability Initiatives.
- Headquarter Philadelphia, United States
- Employees 27 as on 31 Dec, 2022
- Stage Public
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Sectors
Financial Services
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Hersha Hospitality Trust
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Annual Revenue
$405.87 M37as on Dec 31, 2022
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Net Profit
$166.06 M483as on Dec 31, 2022
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EBITDA
$98.01 M82as on Dec 31, 2022
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Latest Funding Round
$200 M (USD), Debt – Conventional
Mar 08, 2016
- Investors
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Employee Count
27
as on Dec 31, 2022
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Investments & Acquisitions
Ambrose Hotel
& 1 more
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Acquired by
KSL Capital Partners
(Dec 01, 2023)
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Products & Services of Hersha
Hersha offers a comprehensive portfolio of products and services, including Hotel Accommodation and Sustainability Initiatives. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Hotel accommodation services are provided in luxury and lifestyle settings across urban and resort locations, catering to guest needs in key markets.
Sustainability initiatives are implemented through programs like EarthView and Clean the World to enhance environmental practices in hotel operations.
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Funding Insights of Hersha
- Total Funding Total Funding
- Total Rounds 6
- Last Round Debt – Conventional — $200.0M
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First Round
First Round
(08 Apr 2009)
- Investors Count Investors Count
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar, 2016 | Amount | Debt – Conventional - Hersha | Valuation |
investors |
|
| Aug, 2015 | Amount | Debt – Conventional - Hersha | Valuation |
investors |
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| Oct, 2014 | Amount | Debt – Conventional - Hersha | Valuation |
investors |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Hersha
Hersha has secured backing from 1 investor, including venture fund investors. Prominent investors backing the company include KSL Capital Partners. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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KSL Capital Partners is focused on travel and leisure investments.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Hersha
Hersha has strategically engaged in corporate development activities, having acquired 2 companies. Notable acquisitions include Ambrose Hotel and The Envoy Hotel. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
Bionic investment advisor platform
|
2016 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Chain of limited service restaurant
|
2015 | ||||
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Operator of standalone hotel
|
2001 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
|
2017 | ||||
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Bionic investment advisor platform
|
2016 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 |
Financial Statements - Hersha
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Hersha Comparisons
Competitors of Hersha
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
|
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Frequently Asked Questions about Hersha
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. It is registered at Philadelphia, Pennsylvania, United States.
Who is the current CEO of Hersha?
Jay Shah is the current CEO of Hersha.
How many employees does Hersha have?
As of Dec 31, 2022, the latest employee count at Hersha is 27.
What is the annual revenue of Hersha?
Annual revenue of Hersha is $405.87M as on Dec 31, 2022.
What does Hersha do?
Hersha Hospitality Trust was established in 1984 as a real estate investment trust in the hospitality sector. Investments are directed toward acquiring and managing upscale hotels in urban locations across the United States. The portfolio encompasses properties including The Pan Pacific Hotel Seattle, Hyatt Union Square, The Ritz-Carlton Georgetown, and The Envoy Boston Seaport. Operations are headquartered in Philadelphia, with leadership provided by CEO Jay Shah.
What products or services does Hersha offer?
Hersha offers Hotel Accommodation and Sustainability Initiatives.
How many acquisitions has Hersha made?
Hersha has made 2 acquisitions, including Ambrose Hotel, and The Envoy Hotel.
Who are Hersha's investors?
Hersha has 1 investor. Key investors include KSL Capital Partners.