Hersha Hospitality Management, LP

Hersha Hospitality Management, L.P. (HHM) is a prominent hotel management, investment, and development firm headquartered in Philadelphia, Pennsylvania. Established in 1999, HHM specializes in providing comprehensive management services for a diverse portfolio of hotels across the United States and Canada.

The portfolio includes over 70 upper-upscale, upscale, and midscale hotels situated in major metropolitan markets. These properties are affiliated with leading hotel brands such as Marriott, Hilton, Hyatt, Starwood, and InterContinental Hotels Group, including independent boutique hotels.

HHM offers a comprehensive suite of services to hotel owners, including:

• Revenue management
• Technology services
• Sales, marketing, and branding
• E-commerce
• Finance and accounting
• Asset management and operations
• Centralized accounting and reporting
• Project management
• Facility and utilities support
• Asset protection services

In August 2023, KSL Capital Partners, a private equity firm specializing in travel and leisure businesses, announced an agreement to acquire Hersha Hospitality Trust for $10.00 per share in an all-cash transaction valued at approximately $1.4 billion. The acquisition was completed in December 2023, resulting in the delisting of Hersha Hospitality Trust from the New York Stock Exchange.

Locations

HHM's portfolio includes properties in several key U.S. locations. These include:

• Philadelphia, PA
• Boston, MA
• New York, NY
• Washington, D.C.
• Miami, FL
• Key West, FL
• California
• West Palm Beach, FL
• Arlington, VA
• Westminster, CO
• Oklahoma City, OK
• Hartford, CT
• Camden, NJ
• Centennial, CO
• Naperville, IL
• Hammond, IN
• Washington, DC
• Reno, NV
• Silver Spring, MD
• Santa Monica, CA
• Missouri City, TX
• Los Angeles, CA
• Omaha, NE
• Collingswood, NJ

Notable Properties

Among the notable properties managed by HHM is The St. Gregory Hotel in Washington, D.C., a boutique hotel featuring 155 rooms. Another key property is the Cadillac Hotel & Beach Club in Miami Beach, Florida.