Hersha Hospitality Trust · Harrisburg, PA United States ·(NYSE: HT)
Company Description
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This link will open in a new window Hersha Hospitality's fortune is in hotels, not chocolate. The self-advised real estate investment trust (REIT) invests in hotel properties, primarily midscale, upscale, and extended-stay properties in central business districts. It owns or co-owns about 75 hotels containing a total of more than 9,100 rooms in the northeastern and western US. The properties are operated under such brand names as Comfort Inn, Fairfield Inn, Hampton Inn, Hilton Garden Inn, and Holiday Inn Express. Hersha Hospitality owns its hotels and leases them to subsidiary 44 New England Management Company. The properties are managed by Hersha Hospitality Management, a private affiliate. To read the full description, subscribe now.
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Key Hersha Hospitality Trust Financials
| Company Type | Public - NYSE: HT Headquarters |
| Fiscal Year-End | December |
| 2008 Sales (mil.) | $264.8 |
| 2008 Employees | 24 |
Competition
Competitive Landscape for Hersha Hospitality Trust
Business and tourist travel drive demand. Both are affected by the strength of the economy. The profitability of individual companies depends on efficient operations, because many costs are fixed, and on effective marketing. Large companies have advantages in economies of scale in operations, can more easily raise capital, and have strong name recognition. Small companies, such as boutique hotels, can compete effectively in favorable locations and by providing specialty services. A hotel business requires large amounts of capital, but operations are labor-intensive: average annual revenue per employee is around $80,000. To read the full description, subscribe now.Top Hersha Hospitality Trust Competitors
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