Jay Shah, CEO of Hersha Hospitality Trust (NYSE: HT), participated in a video interview at Nareit’s REITworld: 2018 Annual Conference in San Francisco.
Shah explained that over the last couple of years Hersha’s broader strategic plan has been to sell hotels that were a little older than the portfolio average and redeploy the proceeds into newer hotels that were more focused on coastal gateway markets and offered attractive growth trajectories.
from News https://www.reit.com/news/videos/hersha-hospitalitys-repositioning-efforts-aimed-driving-better-value
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