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 second quarter ending June 30, 2012. The preferred share dividends are payable July 16, 2012 to holders of record as of July 1, 2012.

The Board of Trustees also declared quarterly cash dividends of $0.06 per Common Share and per Limited Partnership unit for the second quarter ending June 30, 2012. The common share dividend and limited partnership unit distribution are payable July 16, 2012 to holders of record as of June 29, 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.