Hersha Hotels and Resorts

About Hersha Hotels and Resorts

Hersha Hotels and Resorts is a real estate operator headquartered in Philadelphia, PA. Hersha Hotels and Resorts operates in Boston, Massachusetts, Miami - Ft. Lauderdale - West Palm Beach - South Florida and New York City, New York. Its investment focus is on Hospitality and Resorts.

Hersha Hotels & Resorts is a Philadelphia, Pennsylvania-based private real estate investment and hospitality management firm founded in 1984 by Hasu P. Shah. Operating for 42 years, the company specializes in owning, developing, and operating luxury and lifestyle hotel properties situated in urban gateway markets and regional resort destinations. The enterprise focuses on acquiring high-quality hospitality assets across high-barrier-to-entry coast-to-coast submarkets, including New York City, Washington, D.C., Boston, Philadelphia, South Florida, Savannah, and California. In late 2023, the firm was acquired by private equity real estate firm KSL Capital Partners in a $1.4 billion transaction. The company's asset portfolio encompasses 18 to 23 luxury and lifestyle hotel properties totaling over 3,300 guest rooms. Notable assets within its regional footprint include The Ritz-Carlton Georgetown and the St. Gregory Hotel in Washington, D.C. Its operational model organizes properties into localized clusters to maximize revenue per available room and drive operating efficiency.

Principals at Hersha Hotels and Resorts