Hersha Hospitality Trust (HT) Financial Report Summaries

Company Profile

Search within these filings

View filings

Exhibits within filings

Filing insights

Export filings list

Export a CSV file of filings or unique filing companies (up to first 5,000 results).

Download list of filings Download list of companies

External links

Content analysis

Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability	H.S. senior Avg

New words: accurately, adhering, adjournment, advantage, affiliated, affirmative, agreed, al, allege, alleged, alter, attain, attention, avoid, beneficial, billion, breach, buy, canceled, captioned, case, cease, circumstance, competent, competing, complaint, concluded, concurrently, consummate, consummated, consummation, contemplated, convene, conversion, County, Court, culture, defending, deficient, delay, delayed, delivered, deny, deposit, description, deter, devote, devoted, Dianna, discourage, distraction, District, Donald, doubt, drop, Eastern, employee, enable, encourage, enjoining, event, exceed, excise, exclusive, exhaustive, Exhibit, experience, explanation, Forced, foregoing, fulfil, fulsome, Garfield, granted, hearing, Hsieh, Hutchinson, imposition, incomplete, indemnification, injunction, injunctive, intensify, iv, Jackson, John, jurisdiction, knowingly, KSL, Landry, law, letter, Leven, LP, merged, merger, merit, Michael, misleading, Montgomery, Morgan, motion, OP, opposition, outcome, Overview, par, parent, past, pendency, Pennsylvania, permissible, permitted, Plaintiff, postponement, preliminary, preserve, prevent, Priority, professional, prohibited, prohibiting, proposal, proposed, proposing, prospective, proxy, purport, Recommendation, registration, regular, Restated, restraining, retention, Sabin, satisfaction, seek, seeking, solicit, solicitation, sought, Southern, suffer, Superior, survive, surviving, talent, temporarily, text, thereof, thirteen, timeframe, transfer, transferable, treated, unable, unanticipated, uncured, unexpected, unspecified, Viradia, waiver, Wang, withholding, writing, written

Removed: Bulletin, corrected, correction, disclosed, extending, immaterial, impacted, individually, materiality, misstate, overstating, qualitatively, Quantifying, quantitatively, revising, SAB

From filing 10-Q 2023 Q3

Financial report summary

Management Discussion

Item 7. Management’s Discussion and Analysis of Financial Condition and Results of Operations
Certain statements appearing in this Item 7 are forward-looking statements within the meaning of the federal securities laws. Our actual results may differ materially. We caution you not to place undue reliance on any such forward-looking statements. See “Cautionary Factors That May Affect Future Results” for additional information regarding our forward-looking statements.
As of December 31, 2022, we owned interests in 25 hotels in major urban gateway markets including New York, Washington DC, Boston, Philadelphia, and Miami, as well as Santa Monica, Monterey Bay, and Key West. Our portfolio consists of 22 wholly-owned hotels, 1 hotel through our interest in a consolidated joint venture, and interests in 2 hotels owned through unconsolidated joint ventures. We have elected to be taxed as a REIT for federal income tax purposes, beginning with the taxable year ended December 31, 1999. For purposes of the REIT qualification rules, we cannot directly operate any of our hotels. Instead, we must lease our hotels to a third party lessee or to a TRS, provided that the TRS engages an eligible independent contractor, as defined under the REIT rules, to manage the hotels. As of December 31, 2022, we have leased all of our hotels to a wholly-owned TRS, a joint venture owned TRS, or an entity owned by our wholly-owned TRS. Each of these TRS entities will pay qualifying rent, and the TRS entities have entered into management contracts with qualified independent managers, including HHMLP, with respect to our hotels. We intend to lease all newly acquired hotels to a TRS. The TRS structure enables us to participate more directly in the operating performance of our hotels. Each TRS directly receives all revenue from, and funds all expenses relating to, hotel operations of the hotels that it leases. Each TRS is also subject to income tax on its earnings.