Hersha, with corporate offices listed in Harrisburg and Philadelphia, said the repurchase program is expected to continue through the end of next year.

It may be suspended or discontinued at any time, its news release stated.

Hersha Hospitality Trust owns 64 hotels totaling 9,221 rooms in urban gateway markets such as New York, Washington, Boston, Philadelphia, Los Angeles and Miami, according to the release.

Shares are traded on the New York Stock Exchange under the ticker symbol HT.