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Hersha reports increased Q3 earnings

Harrisburg-based Hersha Hospitality Trust reported net income of $8.5 million, which is applicable to preferred and common shareholders, for the third quarter.

Harrisburg-based Hersha Hospitality Trust reported net income of $8.5 million, which is applicable to preferred and common shareholders, for the third quarter. This is up from net income of $5.8 million the company reported in the third quarter of 2006.

The real estate investment trust also reported that hotel operating revenues increased to $65.6 million for the third quarter. This is up from $39 million in the same period last year.

Hersha Hospitality shares trade under the tickers symbol HT on the American Stock and Options Exchange.

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