HT broke out of a consolidation area and it looks like it wants a lot more. Its already made a huge move. Please read the business summary and what I have underlined.
HT Charts
Hersha Hospitality Trust
44 Hersha Drive
Harrisburg, PA 17102
United States - Map
Phone: 717-236-4400
Fax: 717-774-7383
Web Site:
Hersha Hospitality Trust
DETAILS
Index Membership: N/A
Sector: Financial
Industry: REIT - Retail
Full Time Employees: N/A
BUSINESS SUMMARY
Hersha Hospitality Trust, a real estate investment trust, engages in the ownership and operation of mid scale limited service hotels in the Eastern United States. As of June 30, 2005, it owned interests in 35 hotels, including 4 hotels owned through joint ventures in Pennsylvania, New York, New Jersey, Maryland, Georgia, Connecticut, and Massachusetts. The company has elected to be taxed as a REIT under the Internal Revenue Code.
As a REIT, Hersha would not be subject to income tax to the extent it distributes at least 90% of its taxable income to its stockholders. The company was founded in 1998 and is headquartered in New Cumberland, Pennsylvania.
HT Hersha Hospitality Trust
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