International Business News - HT http://www.ibtimes.com All articles are copyrighted by IBTimes.com 400 100 http://www.ibtimes.com/ http://www.ibtimes.com/images/top_logo_ibt2_3.gif Hersha Hospitality Trust on Friday said its board declared a regular quarterly dividend of 18 cents. The hotel real estate investment trust said the dividend is payable Oct. 16 to shareholders of record Sept. 30. http://www.ibtimes.com/articles/20080915/hersha-hospitality-trust-sets-18-cent-dividend.htm Mon, 15 Sep 2008 12:32:31 EDT Hersha Hospitality Trust, a real estate investment trust that owns interests in 75 hotels, said Thursday it has purchased the new Sheraton JFK Airport Hotel in Jamaica, New York for $34 million. http://www.ibtimes.com/articles/20080619/hersha-hospitality-buys-jfk-airport-hotel-for-34m.htm Thu, 19 Jun 2008 08:24:22 EDT The underwriters of a sale of 6 million shares of Hersha Hospitality Trust's stock exercised an option to buy 600,000 more at the same price, the hotel operator said Tuesday. http://www.ibtimes.com/articles/20080520/hersha-underwriters-exercise-overallotment-options.htm Tue, 20 May 2008 16:19:17 EDT Real estate investment trust Hersha Hospitality Trust said Monday it will sell 6 million shares in a public offering. The company plans to use the net proceeds of the offering to repay outstanding debt under its revolving credit line. http://www.ibtimes.com/articles/20080512/hersha-hospitality-to-offer-6-million-shares.htm Mon, 12 May 2008 16:26:56 EDT Among the earnings stories for Monday, May 5, from AP Financial News: NEW YORK (AP) _ Shares of STEC Inc. jumped to a 52-week high Monday after the memory chip maker posted strong first-quarter results and an outlook above Wall Street's expectations. http://www.ibtimes.com/articles/20080505/earnings-roundup-stec-principal-financial.htm Mon, 05 May 2008 18:40:59 EDT Hersha Hospitality Trust raised its 2008 financial target after first-quarter results improved on higher per-room revenue, the hotel operator said Monday. http://www.ibtimes.com/articles/20080505/hersha-raises-2008-financial-target-after-1q-surprise.htm Mon, 05 May 2008 15:06:18 EDT Hersha Hospitality Trust's first-quarter results improved as per-room revenue rose, the hotel operator said Monday. The Philadelphia real estate investment trust reported a loss of $2.9 million after losing $4.2 million a year ago. After making distributions to preferred shareholders, Hersha's loss narrowed to $4.1 million, or 10 cents per share, from $5.4 million, or 13 cents per share, in the year-earlier period. http://www.ibtimes.com/articles/20080505/hersha-1q-results-improve-on-higher-per-room-revenue.htm Mon, 05 May 2008 14:54:24 EDT Shares of some lodging real estate investment trusts dropped Monday as an analyst downgraded several companies on growing economic worries. Like many sectors, lodging REITs are struggling as consumers tighten spending due to the ongoing housing downturn, eroding credit, escalating gas prices and fears of a recession. http://www.ibtimes.com/articles/20080225/sector-snap-lodging-reits.htm Mon, 25 Feb 2008 12:55:28 EST