Hersha Hospitality Trust Provides Capital Allocation Update - Seite 3

These transactions remain subject to customary closing conditions and no assurance can be given that the transaction will close within the expected time frame, or at all.

Citigroup Global Markets Inc. and Wells Fargo Securities, LLC act as Joint Lead Arrangers and Joint Bookrunners on the Company’s Bank Credit Facility and term loan agreements. Citibank, N.A. is the Administrative Agent and Wells Fargo Bank, N.A. is the Syndication Agent.

Citigroup Global Markets, Inc. served as placement agent in relation to the unsecured notes offering and Latham & Watkins LLP and Hunton Andrews Kurth LLP served as legal counsel.

The Company has posted a presentation of supplemental information detailing the Private Notes Placement, Revolving Credit Facility Amendment, and Announced Dispositions on its website in the Investor Relations section under “Presentations”.

Hersha Hospitality Trust (HT) is a self-advised real estate investment trust in the hospitality sector, which owns and operates high-quality hotels in urban gateway markets and regional resort destinations. The Company's 41 hotels totaling 6,495 rooms are located in New York, Washington, DC, Boston, Philadelphia, South Florida and select markets on the West Coast. The Company's common shares are traded on The New York Stock Exchange under the ticker “HT”. For more information on the Company, and the Company’s hotel portfolio, please visit the Company's website at www.hersha.com

West Street Strategic Solutions Fund I, L.P. (WSSS I) is Goldman Sachs & Co. LLC’s $14 billion flagship alternative investing vehicle focused on direct origination of credit and structured equity opportunities across market conditions, with an emphasis on bespoke solutions for high quality borrowers. WSSS I is part of Goldman Sachs’ Merchant Banking Credit platform, which is one of the world’s largest alternative credit investing platforms with approximately $75 billion of assets under management as of December 31, 2020 and 25 years of credit investing experience.

Forward Looking Statement
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Certain statements contained in this press release, including those that express a belief, expectation or intention, as well as those that are not statements of historical fact, are forward-looking statements within the meaning of the federal securities laws and as such are based upon the Company’s current beliefs as to the outcome and timing of future events. Forward-looking statements are generally identifiable by use of forward-looking terminology such as “believe,” “expect,” “anticipate,” “estimate,” “plan,” “continue,” “intend,” “should,” “may” and words of similar import. Such forward-looking statements relate to future events, the Company’s plans, strategies, prospects and future financial performance, and involve known and unknown risks that are difficult to predict, uncertainties and other factors which may cause the Company’s actual results, performance or achievements or industry results to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Forward-looking statements are not guarantees of future results and are subject to risks, uncertainties and assumptions that could cause actual results to differ materially from those expressed in any forward-looking statement, including with respect to the disposition of hotel properties, the amendments to the Company’s revolving credit facility and term loan agreements and the placement of unsecured notes with the GS Purchasers. There can be no assurance that the disposition of hotel properties, the amendments to the Company’s revolving credit facility and term loan agreements or the placement of unsecured notes with the GS Purchasers will be consummated on the terms and timing expected, if at all. Factors that could cause actual results to differ materially include, among other things, the factors, risks and uncertainties described above and other factors described in the Company’s news releases and filings with the United States Securities and Exchange Commission, including but not limited to those described in the Company’s Annual Report on Form 10-K for the year ended December 31, 2020, once filed.