Hersha Hospitality Trust Announces Dividends

  Hersha Hospitality Trust Announces Dividends

Business Wire

PHILADELPHIA -- December 07, 2012

Hersha Hospitality Trust (NYSE: HT), owner of upscale hotels in urban gateway
markets, today announced that its Board of Trustees declared a cash dividend
of $0.50 per Series A and Series B Preferred Shares for the fourth quarter
ending December 31, 2012. The preferred share dividends are payable January
15, 2013 to holders of record as of January 1, 2013.

The Board of Trustees also declared quarterly cash dividends of $0.06 per
Common Share and per Limited Partnership unit for the fourth quarter ending
December 31, 2012. The common share dividend and limited partnership unit
distribution are payable January 15, 2013 to holders of record as of December
31, 2012.

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 www.hersha.com.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of
the Private Securities Litigation Reform Act of 1995, 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.

Contact:

Hersha Hospitality Trust
Ashish Parikh, CFO, 215-238-1046