Hersha To Sell 35 Million Shares
From RTT News:
Hersha Hospitality Trust Begins Public Offering Of 35 Million Shares
Monday, Hersha Hospitality Trust commenced a public offering of 35 million common shares of beneficial interest, par value $0.01 per share. Hersha intends to grant the underwriters of the offering a 30-day option to purchase up to an additional 4.73 million common shares to cover over-allotments, if any. The company intends to use the net proceeds of the offering to acquire a Hampton Inn and a Candlewood Suites located in Times Square, New York. Click here for the full story.
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