Shearman And Sterling

News August 11, 2015

Shearman & Sterling Advises on Term Loan for Hersha Hospitality Trust

Shearman & Sterling represented Citigroup Global Markets Inc., as joint lead arranger and joint book running manager, in connection with a $300 million syndicated unsecured term loan facility for Hersha Hospitality Trust (NYSE: HT).

Hersha Hospitality Trust 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 52 hotels, totaling 8,414 rooms, are located in New York, Boston, Philadelphia, Washington, DC and select markets on the West Coast and South Florida.

The Team