of Acquisitions and Asset Management
|PHILADELPHIA, Pa., February 3, 2005 — Hersha Hospitality Trust (AMEX:
HT), a real estate investment trust (REIT) and owner of nationally franchised,
premium branded, full-service and limited-service hotels, today announced
that Melissa Hauser has joined the organization as director of acquisitions
and asset management.
In her new position, she will underwrite new hotel acquisition opportunities and monitor the on-going yield, operations, and quality of Hersha’s growing portfolio of investments.
Hauser joins Hersha from The Melrose Hotel Company, an affiliate of the Berwind Property Group, where she served as director of finance and supervised all property and corporate accounting. A 14-year hospitality industry veteran, Hauser began her career with Interstate Hotels in various accounting management positions. She was then promoted to a financial management position for the Crossroads Hospitality Company, a division of Interstate.
“The growth of our organization requires that we actively seek out talented and reliable personnel who have strong backgrounds in finance,” said Jay H. Shah, president and COO. “With her previous training and experience, we expect Melissa will become an integral member of our senior management team as we move aggressively forward with our acquisition strategy, a key growth avenue for us.”
Hauser’s main responsibilities include assessing investment opportunities through financial modeling and market research; and tracking investment performance to initial capital investment through portfolio analysis. Other job tasks include working with management to improve property performance and assisting the HT management teams in investor relations presentations.
Hauser has a B.S. in Hotel, Restaurant and Institutional Management from The Pennsylvania State University.
About Hersha Hospitality Trust
Forward-looking statements are statements that are not historical, including statements regarding management’s intentions, beliefs, expectations, representations, plans or predictions of the future, and are typically identified by words such as “believe,” “expect,” “anticipate,” “intend,” “estimate,” “may,” “will,” “should,” and “could.”
Hersha Hospitality Trust
|Also See:||Jay H. Shah Named President and Chief Operating Officer, Hersha Hospitality Trust / September 2003|
|The Melrose Hotel Company Installs Business Intelligence Software to Stay Above RevPAR Curve / May 2003|