---
schema_version: "secwatch.filing_event.v1"
accession: "0001140361-23-054882"
form_type: "8-K"
ticker: null
cik: "0001063344"
company_name: "HERSHA HOSPITALITY TRUST"
filed_at: "2023-11-28T23:59:59+00:00"
generated_at: "2026-06-07T20:45:48.292220+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.95
calibrated_materiality_score: 0.95
confidence: "high"
source: SEC EDGAR
---

# Hersha Hospitality Trust acquired by KSL Capital affiliates for $10 per common share; delisted from NYSE

## Summary
- Merger closed Nov 28, 2023: common shareholders receive $10.00 per share; preferred receive $25.00 plus accrued dividends.
- Common and preferred shares delisted from NYSE; Form 25 filed; Form 15 to follow to terminate SEC registration.
- All trustees resigned effective at close; company now wholly owned by affiliates of KSL Capital Partners.
- Transaction funded by KSL equity contributions and $1.4B debt financing from Wells Fargo and Citigroup.

## SEC filing metadata
- accession: 0001140361-23-054882
- form_type: 8-K
- cik: 0001063344
- company_name: HERSHA HOSPITALITY TRUST
- filed_at: 2023-11-28T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.95
- calibrated_materiality_score: 0.95
- confidence: high
- sec_items: 1.02, 2.01, 3.01, 3.03, 5.01, 5.02, 5.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1063344/000114036123054882/0001140361-23-054882-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1063344/000114036123054882/ef20015429_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001140361-23-054882
- JSON: https://secwatch.observer/filing/0001140361-23-054882.json
- Plain text: https://secwatch.observer/filing/0001140361-23-054882.txt

## Key facts
- Governance Changes
  HERSHA HOSPITALITY TRUST: Certificate of formation and LLC agreement of REIT Merger Sub became those of the surviving entity upon merger effective time; amendments not described.
  source text: At the Company Merger Effective Time, the certificate of formation of REIT Merger Sub, as in effect immediately prior to the Company Merger Effective Time, became the certificate of formation of the Surviving Entity
  evidence_url: https://www.sec.gov/Archives/edgar/data/1063344/000114036123054882/0001140361-23-054882-index.htm
- M&A Transactions
  HERSHA HOSPITALITY TRUST underwent a change of control involving 1776 Portfolio Investment, LLC (closed 2023-11-28).
  - Action: change of control
  - Counterparty: 1776 Portfolio Investment, LLC
  - Closing: 2023-11-28
  source text: On November 28, 2023, Hersha Hospitality Trust, a Maryland real estate investment trust (the " Company "), completed the transactions contemplated by the Agreement and Plan of Merger
  evidence_url: https://www.sec.gov/Archives/edgar/data/1063344/000114036123054882/0001140361-23-054882-index.htm
- Material Agreements
  HERSHA HOSPITALITY TRUST terminated Credit Agreement with Citibank, N.A. valued at Repaid in full all outstanding indebtedness and terminated all obligations and commitments under Cre (effective 2023-11-28).
  - Action: termination
  - Agreement: credit facility
  - Counterparty: Citibank, N.A.
  - Value: Repaid in full all outstanding indebtedness and terminated all obligations and commitments under Cre
  - Effective: 2023-11-28
  source text: on November 28, 2023, the Company repaid in full all outstanding indebtedness and terminated all obligations and commitments under its Credit Agreement, dated as of August 4, 2022, by and among Company OP, the Company, Citibank, N.A. and the other parties signatories thereto (the " Existing Company Debt ").
  evidence_url: https://www.sec.gov/Archives/edgar/data/1063344/000114036123054882/0001140361-23-054882-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.