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HHM, Formerly Known as Hersha Hospitality Management, Completes
Renovations of Four Hotels in the Northeast - in Massachusetts,
New York, New Jersey and Pennsylvania


(Philadelphia) – July 18, 2012
… HHM, formerly known as Hersha Hospitality Management, completed renovations of four hotels across the Northeast region – in Massachusetts, New York, New Jersey and Pennsylvania, the company recently announced.

The 112-room Holiday Inn Express Hotel & Suites Cambridge and the 155-room Holiday Inn Express Hotel & Suites King of Prussia received complete renovations to align the properties with the new brand standards.  At the Cambridge hotel, a revitalized lobby and breakfast area are made even more inviting by the addition of a marketplace. Guestrooms were revamped with modern furniture, carpets and accents of coral in the design.  Kitchenettes now have new microwaves and mini-refrigerators for added convenience.  Just 10 minutes from downtown Boston and only three blocks from the T, Holiday Inn Express Cambridge is also convenient to Harvard University and Massachusetts Institute of Technology.

At the Holiday Inn Express Hotel & Suites King of Prussia, the lobby, business center, breakfast area and all guestrooms were upgraded for a more modern look and vibrant feel.  In the guestrooms, bursts of blue in the updated carpet match the soft new bedding, and granite countertops in the kitchens complement new refrigerators and microwaves.  The cobalt accents extend through the hallway carpeting and into the lobby, where inviting sofas and lounge chairs were added. Walking distance from King of Prussia Mall and only 18 miles from Philadelphia, the hotel is also accessible to such businesses as Lockheed Martin and Pfizer Pharmaceuticals – making it convenient for all types of travel.

The 130-room Courtyard Ewing/Princeton, New Jersey also received an overhaul to all guestrooms, creating a more comfortable and relaxing feel.  New couches, chairs, lighting and drapes are highlighted with orange and red tones to put travelers at ease while in town for any of the nearby attractions such as New Hope, Sesame Place and Crossing Vineyards and Winery.  And, visitors will find Courtyard Ewing/Princeton convenient to local colleges such as Princeton and The College of New Jersey.

Hampton Inn Seaport, located in the Financial District of Manhattan completed renovations to all 65 guestrooms.  Upon entering the rooms, investments in new wallpaper, carpets and drapes blend well with the blue glass tops on refinished furniture.  Nestled amid the New York Harbor, the Brooklyn Bridge, tall ships and expansive vistas, the Hampton Inn Seaport is located in one of New York’s most vibrant communities.  And, the hotel is only blocks from Wall Street.

About HHM

HHM, formerly known as Hersha Hospitality Management, operates 89 hotels across the United States. It provides turnkey hotel management, asset management and receivership for properties with leading brand affiliations through Marriott, Hilton, Hyatt, Starwood, and Intercontinental Hotel Group. HHM also operates 14 independent hotels ranging from the AAA Five Diamond Rittenhouse Hotel in Philadelphia, to the oceanfront Postcard Inn in the Florida Keys. Its highly experienced team is accustomed to serving as a fiduciary to publicly traded companies, joint ventures, institutional real estate owners and private investors. Additional information on HHM can be found at www.hershahotels.com.
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Contact:

Meredith Setzman
   HHM
 215.238.1046 x2925
meredith.setzman@hersha.com


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Also See: HHM, Hersha Hospitality Management, Renovates Five of its Eight D.C. Area Managed Properties / July 2012

HHM, Hersha Hospitality Management, Completes Renovation of Three HYATT House Properties in Maryland, New Jersey and California / June 2012

HHM, Hersha Hospitality Management, Completes Renaming and First Phase of a $3.7 Million Renovation for the 152-suite Capitol Hill Hotel in Washington, D.C.; Renovations Scheduled for Completion in Early 2013 for the Former Capitol Hill Suites / June 2012

HHM, Hersha Hospitality Management, Updates Brand Identity Coinciding with the Introduction of its Full Service Division; Transformation Includes New Logo and Redesigned Website / June 2012

Hersha Hospitality Management Diversifies Portfolio with 21 New Management Contracts in the Past 18 Months; Includes Strategic Expansion into Florida and West Coast / May 2012

Hersha Hospitality to Acquire the Bulfinch Hotel, its Eighth Hotel in the Boston Market, for $18.2 million or $228,000 per key / May 2012

Hersha Hospitality Trust Acquires Philadelphia's The Rittenhouse Hotel / March 2012

Hersha Hospitality Completes Sale of 14 Non-Core Properties Generating Net Proceeds of $40.5 Million; Part of an Ongoing Portfolio Transformation, Four More Sales to Close by End of Q1 2012 / February 2012

Hersha Hospitality Names Mark Wagner as General Manager and Deirdre Yack as Area Director of Sales and Marketing for Hyatt 48 Lex in New York City / October 2011

Hersha Hospitality Opens New-Build 116-key Hyatt 48 Lex in New York City / October 2011

The 499-room Hyatt Regency Indianapolis in Indiana Launches $19 Million Guestroom Renovation / October 2011

Hyatt Unveils Hyatt House, an Evolution of its Extended-Stay Brand; 38 Hyatt Summerfield Suites and 16 Recently Acquired LodgeWorks Hotels to Be Rebranded / September 2011

Hersha Hospitality Trust to Sell Portfolio of 18 Non-Core Properties to Starwood Capital Group for $155 million; Agreement Represents the Largest Sale in Hersha's History / August 2011

Edan Ballantine Appointed as Director of Food and Beverage at the Grand Hyatt New York / August 2011

Hyatt Hotels and Extell Development to Build New 54-story, 487-room Hyatt Times Square in New York City / August 2011

Hersha Hospitality Trust to Acquire the 175-Room Hyatt Hotel in Union Square, New York City for $104.1 Million or About $595,000 per key / July 2011

American Resort Management and Hyatt Hotels Open the 100-room Hyatt Place Long Island/East End in Riverhead, New York / July 2011

Hersha Hospitality Trust to Acquire 260-room Marriott Courtyard Westside in Los Angeles, California for $47.5 Million or $182,500 Per Key / May 2011

Hyatt Regency New Orleans, Shuttered Since Hurricane Katrina, Set to Open in October 2011 Following a $275 Million Redesign / May 2011

Hersha Hospitality Trust Acquires 112-room Holiday Inn Express Wall Street and the 81-room Hampton Inn Financial District in New York City / April 2011

Hersha Hospitality Trust Acquires Three Newly Opened Hotels in New York City for $165 million / $284,000 per Key / February 2010

Hersha Hospitality Management Adds 1,000-plus Rooms to Portfolio, Outlines Aggressive Growth Plans Via Third-Party Management/Joint Ventures / October 2009

Hersha Hospitality Trust Acquires the 45-room Duane Street Hotel in the Tribeca Area of New York City for $24.75 million / January 2008
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