Hersha Reports Quarterly Dividends

HARRISBURG, PA The Board of Trustees at Hersha Hospitality Trust, an owner of nationally franchised full service and limited service hotels, declared a quarterly cash dividend of $.18 per priority Class A common share for the fourth quarter ended December 31, 2000. This dividend properly reflects the anticipated dividend distribution of $.72 per share on an annualized basis. The companys current annual dividend yield is 12.52% based upon the closing share price of $5.75 on December 12, 2000. The priority common dividends are payable on January 25, 2000 to shareholders of record on December 28, 2000. This is the 8th consecutive common share dividend paid by the company since its IPO in January 1999. Additionally, HT announced that its operating partnership, Hersha Hospitality, L.P., of which HT is the general partner and has a 34% ownership interest, also declared a regular quarterly cash dividend of $0.18 per subordinated limited partnership unit. Dividends to the limited partnership unit holders are payable on January 25, 2000 to unit holders of record on December 28, 2000. (12/13/00)