Hersha Hospitality Trust (NYSE:HT) said Tuesday it has set Nov. 8, 2023, as the date for its special meeting of shareholders to approve the previously announced acquisition by KSL Capital Partners.
Holders of the lodging REIT’s common shares at the close of business on the record date (Oct. 2, 2023) will have the opportunity to vote at the meeting.
Toward the end of August, HT said it agreed to be acquired by KSL in an all-cash deal valued at around $1.4B. The transaction is expected to close in Q4.