KSL Capital Partners to Snap Hersha Hospitality Trust for $10.00/Share in an All-Cash Deal Worth $1.4B, Purchase Price Implies 60% Premium
Portfolio Pulse from Benzinga Newsdesk
KSL Capital Partners is set to acquire Hersha Hospitality Trust (NYSE:HT) for $10.00 per share in an all-cash deal valued at approximately $1.4 billion. The purchase price implies a 60% premium over Hersha's closing share price on August 25, 2023.
August 28, 2023 | 11:32 am
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Hersha Hospitality Trust is being acquired by KSL Capital Partners in a deal valued at $1.4 billion, representing a 60% premium over its last closing price.
The acquisition of Hersha Hospitality Trust by KSL Capital Partners at a 60% premium is a significant event for the company. This is likely to have a positive impact on the company's stock price in the short term due to the premium offered.
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