Tuesday, February 23, 2010

Hersha Hospitality Announces Fourth Quarter 2009 Results

- Achieved consolidated Hotel EBITDA margins of 34.0% -

- Margin decline held to 117 bps -

- Consolidated Hotel RevPAR decreased 9.7% -

- Adjusted Funds from Operation was $0.07 per diluted common share -

- New York City was the best performing market in the portfolio -

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