secwatch.observer — SEC 8-K summary
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Issuer:     HERSHA HOSPITALITY TRUST (—)
CIK:        0001063344
Form:       8-K
Filed at:   2023-11-28T23:59:59+00:00
Accession:  0001140361-23-054882
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.95
Item codes: 1.02, 2.01, 3.01, 3.03, 5.01, 5.02, 5.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1063344/000114036123054882/0001140361-23-054882-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1063344/000114036123054882/ef20015429_8k.htm
  HTML page:      https://secwatch.observer/filing/0001140361-23-054882

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