Shearman & Sterling advised Citibank, N.A. as administrative agent in connection with amendments to Hersha Hospitality’s senior credit facilities. The amendments are one of several steps the company has taken to create additional operational and financial flexibility well into the COVID-19 recovery.

Hersha Hospitality Trust is a hospitality sector REIT that owns and operates 48 high-quality upscale, luxury and lifestyle hotels in urban gateway markets and resort destinations in the United States.

The Team