About Hersha
Hersha is a Financial Services company based in Philadelphia (United States) founded in 1984, and was acquired by KSL Capital Partners in December 2023. It operates as a real estate investment trust focused on the hospitality industry. The company has 27 employees. Hersha has completed 2 acquisitions, including Ambrose Hotel and The Envoy Hotel. Its chief executive is Jay Shah. Hersha offers products and services including Hotel Accommodation and Sustainability Initiatives. Its focus areas include REITs, Equity and Hospitality. Its legal entity is Hersha Hospitality Trust.
Company details
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.
- Headquarters Philadelphia, United States
- Employees 27
- Stage Acquired
- SectorsFinancial Services
- Phone•••• ••••
- Website hersha.com
- Social LinkedIn
- Acquired by KSL Capital Partners (Dec 2023)
- Legal Name Hersha Hospitality Trust
- Annual Revenue$405.87 M (USD)37as on Dec 31, 2022
- Net Profit$166.06 M (USD)483as on Dec 31, 2022
- EBITDA$98.01 M (USD)82as on Dec 31, 2022
- Latest Funding Round$200M (USD), Debt – Conventional
Mar 2016
- Investors
- Employee Count27
- Investments & AcquisitionsAmbrose Hotel
& 1 more
- Acquired byKSL Capital Partners
(Dec 2023)
Products & Services of Hersha
Hersha offers a comprehensive portfolio of products and services, including Hotel Accommodation and Sustainability Initiatives.
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.
Funding Insights of Hersha
- Total Rounds 6
- Last Round Debt – Conventional — $200M
- First Round $14.25M
(Apr 2009)
All 6 funding rounds of Hersha with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar 2016 | $200M | Debt – Conventional | – | – | – |
| Aug 2015 | $300M | Debt – Conventional | – | – | – |
| Oct 2014 | $500M | Debt – Conventional | – | – | – |
| Aug 2012 | $400M | Debt – Conventional | – | – | – |
| Sep 2010 | $250M | Debt – Conventional | – | – | – |
| Apr 2009 | $14.25M | Post-IPO | – | – | – |
1 investors in total: 1 institutional.
Investors in Hersha
Hersha has secured backing from 1 investor, including venture fund investors. Prominent investors backing the company include KSL Capital Partners.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
KSL Capital Partners is focused on travel and leisure investments. | – | kslcapital.com | Denver, USA |
Investor details for Hersha
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
People of Hersha
80 people are tracked at Hersha (54 in leadership, 7 in board & advisors, 19 in team); the tracked headcount is 27.
| Name | Role | Group |
|---|---|---|
Jay Shah | CEO | Leadership |
Jay H. Shah | CEO | Leadership |
Joseph Heck | Vice President Of People Support | Leadership |
Matthew Tivnan | Area Director Of Sales | Leadership |
Wayne Ambrose | Director - Procurement Systems | Leadership |
Maria Lanza | People Support Director | Leadership |
Kathleen Slater | Regional Vice President Of Sales, Luxury & Lifestyle - HHM Hotels | Leadership |
Neil H. Shah | President and COO | Leadership |
Sandra Cardona | VP, Development & Capital Planning | Leadership |
Ashish R. Parikh | CFO | Leadership |
Thais Altshuler | Senior Director Human Resources | Leadership |
Christy Hammerstrom | Area Director Of Revenue | Leadership |
Meghan M. Kelleher | Director Of Sales And Marketing | Leadership |
Michael R. Gillespie | Chief Accounting Officer | Leadership |
Nballou Sano | Director Of Operations | Leadership |
Angela Davis | Area Director Of Sales | Leadership |
Jody Blackinton | Regional Vice President Of Operations | Leadership |
Daniel McMann | Vice President Of Strategic Operations | Leadership |
Ray Perez | Executive Vice President Of Operations | Leadership |
Frank Cosentino | Regional Vice President Of Operations | Leadership |
60 more people are available in the full profile.
Complete people profiles for Hersha
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
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.
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
Operator of standalone hotel | ambrosehotel.com | Santa Monica, United States | 2001 | Dec 2016 | $47.5M | |
Chain of limited service restaurant | theenvoyhotel.com | Boston, United States | 2015 | Jul 2016 | $112.5M |
Complete acquisition details for Hersha
Acquired stakes, deal sources and the complete acquisition history require an active premium plan.
- Acquired stakes
- Deal sources
- Complete history
- Exports
Verified entity values are shown only after access is granted.
Timeline of Hersha
7 dated milestones of Hersha across 39 years, from founding to its latest funding, stage changes and deals.
- Founded Hersha is founded.
- IPO Lists on the stock exchange (IPO).
- Funding First funding round of $14.2M.
- Funding Latest funding round, Debt – Conventional, of $200.0M.
- Acquisition Acquires The Envoy Hotel.
- Acquisition Acquires Ambrose Hotel.
- Exit Acquired by KSL Capital Partners.
Web traffic of Hersha
The website of Hersha (hersha.com) receives about 2.8K visits a month.
- Monthly visits2.8K
▲ 26.9% vs previous month
Websites whose visitors overlap most with Hersha. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| rockbridgecapital.com | 100% | – | – | View details | |
| accesspointfinancial.com | 100% | 1.4K | #9,836,913 | View details | |
| hosthotels.com | 92% | 13.6K | #1,594,400 | View details | |
| drhc.com | 56% | 5.5K | #3,701,387 | View details | |
| lasallehotels.com | 56% | – | – | View details | |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 12 similar websites and full traffic analytics for Hersha
The complete similar-websites list, audience overlap and engagement analytics require an active premium plan.
- 12 similar websites
- Audience overlap
- Engagement analytics
- Traffic by brand
Verified entity values are shown only after access is granted.
Top companies in REITs
10 companies that operate in the same segment as Hersha (REITs), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Wireless communications infrastructure and data center solutions are provided. | 1994 | Boston, Massachusetts, United States | – | USD 10.64 B | 4,690 | |
REIT that invests in campuses, multi-tenant spaces and build-to-suit facilities in the US | 1994 | Pasadena, California, United States | – | USD 3.03 B | 552 | |
Telecom and network infrastructure investments are managed as a REIT. | 2015 | Little Rock, Arkansas, United States | – | USD 2.23 B | 758 | |
Open-air shopping centers are operated with grocery and mixed-use properties. | 1958 | Jericho, United States | – | USD 2.15 B | 717 | |
REIT that invests in residential and mixed-use rental properties in the United States | 1994 | Santa Rosa, United States | – | USD 2.96 B | 2,990 | |
Temperature-controlled warehousing and logistics services are provided globally. | 1903 | Atlanta, Georgia, United States | – | USD 2.6 B | 13,760 | |
REIT that invests in commercial properties such as office and retail | 1980 | New York, New York, United States | – | USD 1.03 B | 1,220 | |
REIT that focuses on senior living and healthcare sectors | 1992 | Hunt Valley, Maryland, United States | – | USD 1.2 B | 60 | |
Wireless infrastructure is leased and developed for service providers. | 1989 | Boca Raton, Florida, United States | – | USD 2.82 B | 1,720 | |
Healthcare real estate investment trust | 1970 | Toledo, Ohio, United States | – | USD 6.56 B | 533 |
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Frequently Asked Questions about Hersha
Hersha was founded in 1984 and raised its 1st funding round 25 years after it was founded.
Hersha is headquartered in Philadelphia, United States. It is registered at Philadelphia, Pennsylvania, United States.
Jay Shah is the current CEO of Hersha.
Hersha has 27 employees.
Annual revenue of Hersha is $405.87M as on Dec 31, 2022.
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.
Hersha offers Hotel Accommodation and Sustainability Initiatives.
Hersha has made 2 acquisitions, including Ambrose Hotel, and The Envoy Hotel.
Hersha has 1 investor. Key investors include KSL Capital Partners.
Hersha operates through Hersha Hospitality Trust.
Yes. Hersha was acquired by KSL Capital Partners in December 2023.