Thursday, November 5, 2009

Hersha Hospitality Announces Third Quarter 2009 Results

- Achieved consolidated Hotel EBITDA margins of 37.7% -

- Margin decline excluding property taxes held to 117 bps -

- Consolidated Hotel RevPAR decreased 14.8% -

- Adjusted Funds from Operation ("AFFO") was $0.23 per diluted common share -

- Beginning to benefit from Improving Market in NYC -

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