Hersha Hospitality Trust (HT) 8-K Other Events

Exhibit 99.1

Item 6. Selected Financial Data

The following sets forth selected financial and operating data on a historical consolidated basis. The following data should be read in conjunction with the financial statements and notes thereto and Management’s Discussion and Analysis of Financial Condition and Results of Operations included elsewhere in this Form 10-K.

HERSHA HOSPITALITY TRUST

SELECTED FINANCIAL DATA

(In thousands, except per share data)

	2007		2006			2005			2004			2003
Revenue:
Hotel Operating Revenues	$	229,461	$	132,354		$	65,493		$	33,228		$	920
Interest Income From Development Loans		6,046		2,487			3,940			2,191			715
Land Lease Revenue		4,860		2,071			-			-			-
Hotel Lease Revenue		-		-			-			1,192			8,433
Other Revenues		980		737			529			176			8
Total Revenue		241,347		137,649			69,962			36,787			10,076
Operating Expenses:
Hotel Operating Expenses		130,910		76,694			38,573			19,875			836
Hotel Ground Rent		856		804			433			504			50
Land Lease Expense		2,721		1,189			-			-			-
Real Estate and Personal Property Taxes and Property Insurance		11,349		5,979			3,374			2,129			809
General and Administrative		8,185		6,238			4,962			3,130			618
Compensation Expense related to Option Redemption		-		-			-			-			1,307
Depreciation and Amortization		33,863		18,420			8,336			4,754			2,628
Total Operating Expenses		187,884		109,324			55,678			30,392			6,248
Operating Income		53,463		28,325			14,284			6,395			3,828
Interest Income		686		1,182			602			241			86
Interest expense		42,115		25,123			12,167			4,155			2,844
Loss on Debt Extinguishment		-		1,485			-			-			116
Income before income (loss) from Unconsolidated Joint Venture Investments, Distributions to Preferred Unitholders, Minority Interests and Discontinued Operations		12,034		2,899			2,719			2,481			954
Income (Loss) from Unconsolidated Joint Venture Investments		3,476		1,799			457			481			(24	)
Income Before Distribution to Preferred Unitholders, Minority Interest and Discontinued Operations		15,510		4,698			3,176			2,962			930
Distributions to Preferred Unitholders		-		-			-			499			1,195
Income (Loss) Allocated to Minority Interest  in Continuing Operations		1,773		579			122			307			(60	)
Income from Continuing Operations		13,737		4,119			3,054			2,156			(205	)
Discontinued Operations, net of minority interest:
Gain on Disposition of Hotel Properties		3,745		693			1,161			-			-
Income (Loss) from Discontinued Operations		365		286			(918	)		(107	)		990
Net Income		17,847		5,098			3,297			2,049			785
Preferred Distributions		4,800		4,800			1,920			-			-
Net Income applicable to Common Shareholders	$	13,047	$	298		$	1,377		$	2,049		$	785
Basic Income (Loss) from Continuing Operations applicable to Common Shareholders	$	0.22	$	(0.03	)	$	0.06		$	0.13		$	(0.04	)
Diluted Income (Loss) from Continuing Operations applicable to Common Shareholder (1)	$	0.22	$	(0.03	)	$	0.06		$	0.13		$	(0.04	)
Dividends declared per Common Share	$	0.72	$	0.72		$	0.72		$	0.72		$	0.72

1

	2007			2006			2005			2004			2003
Balance Sheet Data
Net investment in hotel properties	$	893,297		$	807,784		$	317,980		$	163,923		$	121,076
Hotel Assets Held for Sale	$	-		$	-		$	3,407		$	18,758		$	-
Minority interest in Partnership	$	42,845		$	25,933		$	15,147		$	16,779		$	38,971
Shareholder's equity	$	330,405		$	331,619		$	164,703		$	119,792		$	71,460
Total assets	$	1,067,607		$	968,208		$	455,355		$	261,021		$	196,568
Total debt	$	663,008		$	580,542		$	256,146		$	98,788		$	71,837
Liabilities Related to Hotel Assets Held for Sale	$	-		$	-		$	375		$	13,058		$	-
Other Data
Funds from Operations (2)	$	49,821		$	25,936		$	14,495		$	10,539		$	6,533
Net cash provided by operating activities	$	59,300		$	27,217		$	15,002		$	12,148		$	5,193
Net cash used in investing activities	$	(46,027	)	$	(413,881	)	$	(190,825	)	$	(78,378	)	$	(58,370	)
Net cash (used in) provided by  financing activities	$	(11,262	)	$	388,200		$	163,989		$	46,137		$	93,744
Weighted average shares outstanding
Basic		40,718,724			27,118,264			20,293,554			16,391,805			4,614,316
Diluted (1)		40,718,724			27,118,264			20,299,937			16,391,805			4,614,316

(1)           Income allocated to minority interest in the Partnership has been excluded from the numerator and Partnership units have been omitted from the denominator for the purpose of computing diluted earnings per share since the effect of including these amounts in the numerator and denominator would have no impact.

(2)           See Item 7. “Management’s Discussion and Analysis of Financial Condition and Results of Operations—Funds From Operations” for an explanation of FFO, why we believe FFO is a meaningful measure of our operating performance and a reconciliation of FFO to net income calculated in accordance with GAAP.

2