KSL Capital Partners to acquire Hersha Hospitality Trust for $1.4B

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KSL Capital Partners has agreed to acquire Hersha Hospitality Trust for approximately $1.4 billion in an all-cash transaction. Hersha shareholders will receive $10.00 per share, representing a 60 percent premium over the prior closing share price. The deal is expected to close in Q4 2023, subject to customary conditions and shareholder approval, after which Hersha’s shares will no longer be publicly listed.

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