HomeMarket NewsHersha Hospitality Announces Special Meeting Date for Acquisition by KSL Capital Partners

Hersha Hospitality Announces Special Meeting Date for Acquisition by KSL Capital Partners

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Hersha Hospitality Trust (NYSE:HT) has announced that its special meeting of shareholders to approve the acquisition by KSL Capital Partners will take place on November 8, 2023.

Shareholders who hold common shares of the lodging REIT as of the record date on October 2, 2023, will have the opportunity to vote at the meeting.

The all-cash acquisition deal, valued at approximately $1.4 billion, was agreed upon by HT and KSL in late August. The transaction is expected to close in the fourth quarter.

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