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HHM Increases Management Portfolio by 25%, Adding 23 Newly Built Hotels
in Texas, Oklahoma and Arkansas Under the Marriott, Hilton and IHG Flags

(Philadelphia) – September 4, 2012… Everything, including HHM, is bigger in Texas.  The company announced today that it has assumed management of 23 newly built hotels in Texas, Oklahoma and Arkansas. The hotels have an average age of only four years and feature Marriott, Hilton and IHG flags. This addition marks a 25 percent increase in HHM’s portfolio.

HHM worked with Starwood Capital Group (SCG), a privately held global investment firm, through all aspects of the transaction and will deploy further investment capital in the form of property improvement plans.

“Texas is one of the most stable and fastest growing economic regions in our country. Not only is this a strategic time for HHM to enter the Southwest, but the opportunity also represents increased diversification of clients and meets our geographic growth plan,” said Naveen P. Kakarla, president and CEO of HHM.  “HHM now manages, asset manages or serves as receiver for 115 luxury, upper-upscale, upscale and mid-scale branded and independent hotels in major metropolitan markets across 17 different states.”

“The company is thrilled to welcome these hotels and their team members to HHM, and has added a regional infrastructure to support continued growth in the region,” Mike Murray, COO of HHM said.  “We are looking forward to an integration of brain power and resources over the next few months to solidify our presence in the Southwest.”

For more information about HHM or working at an HHM hotel, visit hhmhospitality.com or call 215.238.1046.

About HHM
HHM, formerly known as Hersha Hospitality Management, operates 115 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 hhmhospitality.com.
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Contact:

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


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Also See: HHM Names Wayne Carney as Vice President of Financial Services / August 2012

Dustin Resnick Named as Senior Director of Acquisitions and Development for HHM, Formerly Known as Hersha Hospitality Management / August 2012

HHM, Formerly Known as Hersha Hospitality Management, Completes Renovations of Four Hotels in the Northeast – in Massachusetts, New York, New Jersey and Pennsylvania / July 2012

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

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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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