Hersha hospitality trust suspending planned capital expenditures for balance of year

Hersha hospitality trust provides portfolio update related to covid-19 outbreak.hersha hospitality trust - q1 and full year 2020 guidance presented in q4 earnings release should not be relied upon..hersha hospitality trust - suspending planned capital expenditures for balance of year.hersha hospitality trust - ceo & coo reducing salary by 50%.hersha hospitality trust - board of trustees electing to take all payments in stock for remainder of 2020, resulting in cash preservation.hersha hospitality trust - revoking previously declared dividends from march 5, 2020 on its common shares.hersha hospitality trust - expect very difficult environment throughout 2020 & particularly across second & third quarters.
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