Growing up, Jay Shah, chief executive of Hersha Hospitality Trust, and his brother Neil, now chief operating officer, shared a bedroom in the manager's quarters of the Red Rose, a motel their family owned near Lancaster. "My brother and I would load the vending machines and skim the pool. When room attendants wouldn't be available, we would clean rooms," said Jay Shah, 47. "You really do learn that way - the real essence of the business," Shah said. Now that he heads a $338.4 million company that owns 51 hotels, including the upscale Rittenhouse in Philadelphia, Shah no longer has to step in to polish the bathroom mirror.

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Hersha Hospitality Trust (HT) is a self-advised real estate investment trust in the hospitality sector, which owns and operates high quality upscale hotels in urban gateway markets. The Company's 56 hotels totaling 8,892 rooms are located in New York, Boston, Philadelphia, Washington, DC, Miami and select markets on the West Coast. The Company's shares are traded on The New York Stock Exchange under the ticker "HT".

Forward Looking Statement

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, 2015, filed with the U.S. Securities Exchange Commission.

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