PHILADELPHIA -- (Business Wire)

Hersha Hospitality Trust (NYSE: HT), owner of select service and upscale hotels in major metropolitan 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, 2011. The preferred share dividends are payable January 17, 2012 to holders of record as of January 1, 2012.

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, 2011. The common share dividend and limited partnership unit distribution are payable January 13, 2012 to holders of record as of January 3, 2012.

About Hersha Hospitality Trust

Hersha Hospitality Trust is a self-advised real estate investment trust, which owns 80 hotels in major markets including New York, Washington, Boston, Philadelphia, Miami and Los Angeles. HT focuses on upscale and mid-priced hotels in urban gateway markets.

Forward-Looking Statements

Certain matters within this press release are discussed using forward-looking language as specified in 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 projected in the forward-looking statement. For a description of factors that may cause the Company’s actual results or performance to differ from its forward-looking statements, please review the information under the heading “Risk Factors” included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2010 and the Company’s Quarterly Report on Form 10-Q for the quarter ended September 30, 2011 and other documents filed by the Company with the Securities and Exchange Commission.

Contacts:

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

Source: Hersha Hospitality Trust