PHILADELPHIA, PA (REIT Media) May 23, 2008 - Hersha Hospitality Trust (NYSE: HT), owner of nationally franchised premium select service and full service hotels, today announced that its Board of Trustees declared a cash dividend of $0.50 per Series A Preferred Share for the second quarter ending June 30, 2008. The preferred share dividend is payable July 15, 2008 to holders of record as of July 1, 2008.

The Board of Trustees also declared quarterly cash dividends of $0.18 per Common Share and per Limited Partnership unit for the second quarter ending June 30, 2008. The common share dividend and limited partnership unit distribution are payable on July 16, 2008 to shareholders and unitholders of record on June 30, 2008.

The common share dividend represents an approximate annualized yield of 7.4%, based upon the May 22, 2008, closing share price of $9.73, and is the 37^th consecutive common share dividend paid by the Company, at this per share amount, since its initial public offering.

About Hersha Hospitality Trust

Hersha Hospitality Trust is a self-advised real estate investment trust, which owns interests in 74 hotels, totaling 9,374 rooms, primarily along the Northeast Corridor from Boston to Washington D.C. The Company also owns hotels in Northern California and Scottsdale, Arizona. Hersha focuses on high quality upscale hotels in high barrier to entry markets. More information on the Company and its portfolio of hotels is available on Hersha’s Web site at http://www.hersha.com.

Forward Looking Statement

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 these factors, please review the information under the heading “Risk Factors” included in our Annual Report on Form 10-K for the year ended December 31, 2007, filed with the Securities Exchange Commission (SEC).

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