Hersha Hospitality Trust Priority Class A Common Shares of Beneficial Interest

HT

Market cap $403M

Presented at the NYU International Hospitality Industry Investment Conference; First Time the Award Presented to a Family Presented at the NYU International Hospitality Industry Investment Conference; First Time the Award Presented to a Family

PHILADELPHIA, Dec. 26, 2023 (GLOBE NEWSWIRE) -- Hersha Hotels and Resorts (“Hersha” or “the Company”), owner of luxury and lifestyle hotels in coastal gateway and resort markets, today announced the tax classification of Hersha Hospitality Trust's (“HHT”) Priority Class A Common Share (“Common Shares”), Series C Cumulative Redeemable Preferred Share (“Series C Preferred Shares”), Series D Cumulative Redeemable Preferred Share (“Series D Preferred Shares”) and Series E Cumulative Redeemable Preferred Share (“Series E Preferred Shares”) distributions for 2023 for Federal income tax reporting purposes. The tax information provided below relates to HHT prior to the November 28, 2023 merger between HHT and 1776 Portfolio REIT Merger Sub, LLC (“REIT Merger Sub”) pursuant to that certain Agreement and Plan of Merger, dated as of August 27, 2023, by and among HHT, REIT Merger Sub and the other parties thereto, and it should not be construed as tax advice and is not a substitute for careful tax planning and analysis. Shareholders should consult their tax advisors as to the tax treatment of the distributions.