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Hersha Hospitality Trust Names Two Senior Vice Presidents
and a Senior Director

Promoting Robert C. Hazard III, William J. Walsh and Charles Paloux

(Philadelphia) – July 27, 2012 – Hersha Hospitality Trust (HT), owner of upscale hotels in urban gateway markets, announced today that two of its executives were promoted to senior vice presidents:  Robert C. Hazard III was named Senior Vice President of Acquisitions & Development and William J. Walsh was named Senior Vice President of Asset Management.  In addition, Charles Paloux was named Senior Director of Asset Management.

“The impact Rob and Bill have each had on the growth and performance of our company is impressive.  Beyond their hard work and technical expertise, they demonstrate a very strong commitment to our vision for Hersha,” said HT President and COO Neil H. Shah.  “Charles is making a tremendous difference in our company – not only for the precision and quality that he brings to his work, but more importantly for serving as an effective leader and mentor to our young team.”

Robert C. Hazard III William J. Walsh Charles Paloux

As Senior Vice President of Acquisitions & Development, Hazard is responsible for sourcing and closing new business opportunities for HT.  Since joining the company in 2005, he has overseen the acquisition of more than 40 hotels. Hazard has assembled one of the industry’s most effective underwriting and integration teams.

In his role as Senior Vice President of Asset Management, Walsh is responsible for developing strategic plans for each property, reviewing all budgets and expenditures, and working with HT’s operators and third party management companies to increase profitability and overall portfolio returns. In his time at the company, he has been instrumental in developing an industry leading asset management discipline.

As Senior Director of Asset Management, Paloux is significantly involved in HT’s disposition and refinancing strategies.  He also directly oversees the Mid-Atlantic portfolio, including the Washington D.C. and Wilmington markets.  Paloux joined HT in May of 2010 and has had dual responsibilities in the acquisitions and asset management departments.

About Hersha Hospitality Trust

Hersha Hospitality Trust is a self-advised real estate investment trust, which owns 64 hotels in major urban gateway markets including New York, Washington, Boston, Philadelphia, Los Angeles and Miami totaling 9,221 rooms. HT follows a highly selective investment approach and leverages operational advantage through rigorous and sustainable asset management practices. For further information on the Company visit our website at

Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements related to the expected timing of the transaction described above, and, as such, may involve known and unknown risks, uncertainties and other factors that may cause the actual results or performance to differ from those reflected in the forward-looking statement. For a description of these factors, please review the information under the heading “Risk Factors” included in Hersha Hospitality Trust’s Annual Report on Form 10-K for the year ended December 31, 2011, filed with the U.S. Securities Exchange Commission.

Meredith Setzman
   Hersha Hospitality Trust
 215.238.1046 ext. 2925


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Also See: Hersha Hospitality Acquires the 228-room Holiday Inn Express in Midtown Manhattan; Purchases Remaining Interest from Joint Venture Partner for $10 Million, a Total Acquisition of $87.5 Million or $383,772 per key / June 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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