Hersha Hospitality Trust (HT) will pay a $0.20 per share special dividend together with the regular quarterly dividend of $0.28 per share. The dividends are payable January 17, 2017 to holders of record as of January 5, 2017.

"Given the large gains associated with our transformative asset sales, we have elected to pay a special dividend of $0.20 per common share, in addition to the significant capital we recycled into new hotel investments. We believe the Company’s dividend policy, opportunistic share buybacks and today’s special dividend are a testament to our total return philosophy, as well as our steadfast commitment to return capital to shareholders,” stated Mr. Jay H. Shah, Hersha’s Chief Executive Officer.

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.