Hersha Hospitality Trust (HT) will raise its quarterly dividend by 16.7 percent to $0.07 per share in 2014. This is the first dividend hike by the upscale hotels REIT since 2011, when the dividend was hiked by 20.0 percent.

Hersha Hospitality Trust (HT) is a self-advised real estate investment trust in the hospitality sector, which owns and operates high quality upscale hotels in urban gateway markets. The company's hotels are located in New York, Washington, DC, Boston, Philadelphia, South Florida and select markets on the West Coast. Hersha Hospitality Trust had paid a dividend every year since 1999.