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Supplemental Schedules 2008-Q2

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Supplemental Schedules 2008-Q2 HERSHA HOSPITALITY TRUST KEY PERFORMANCE INDICATORS June 30, 2008 CONSOLIDATED HOTELS: (Recorded from date of acquisition or investment) (Includes 59 hotels in 2008 and 56 hotels in 2007) (Includes 59 hotels in 2008 and 56 hotels in 2007) Three Months Ended Six Months Ended June 30, June 30, 2008 2007 % Variance 2008 2007 % Variance Rooms Available 583,570 554,571 1,158,373 1,095,001 Rooms Occupied 458,837 443,580 836,440 794,277 Occupancy 78.63% 79.99% -1.7% 72.21% 72.54% -0.5% Average Daily Rate (ADR) $139.56 $131.54 6.1% $135.30 $126.43 7.0% Revenue Per Available Room (RevPAR) $109.73 $105.21 4.3% $97.70 $91.71 6.5% Room Revenues $64,037,467 $58,346,956 $113,171,938 $100,422,315 Food & Beverage $1,956,698 $1,891,762 $3,520,321 $3,480,182 Other Revenues $1,383,191 $1,330,591 $2,604,009 $2,469,095 Total Revenues $67,377,356 $61,569,309 $119,296,268 $106,371,592 Discontinued Assets $0 $1,908,705 $0 $3,496,059 EBITDA $27,585,963 $25,121,581 $43,706,278 $39,025,831 EBITDA Margin 40.9% 40.8% 36.6% 36.7% EBITDA Margin Growth 0.14% -0.05% SAME STORE CONSOLIDATED HOTELS: (Owned for the entire reporting period) (Includes 53 hotels in both years) (Includes 49 hotels in both years) Three Months Ended Six Months Ended June 30, June 30, 2008 2007 % Variance 2008 2007 % Variance Rooms Available 552,482 552,471 1,045,975 1,039,875 Rooms Occupied 437,281 442,092 756,674 755,596 Occupancy 79.15% 80.02% -1.1% 72.34% 72.66% -0.4% Average Daily Rate (ADR) $137.92 $131.18 5.1% $132.57 $125.37 5.7% Revenue Per Available Room (RevPAR) $109.16 $104.97 4.0% $95.90 $91.10 5.3% Room Revenues $60,307,714 $57,992,869 $100,309,799 $94,731,832 Food & Beverage $1,896,942 $1,891,762 $3,439,226 $3,480,182 Other Revenues $1,320,959 $1,310,554 $2,347,418 $2,324,183 Total Revenues $63,525,615 $61,195,185 $106,096,443 $100,536,197 EBITDA $25,812,638 $24,912,720 $38,451,535 $36,937,009 EBITDA Margin 40.6% 40.7% 36.2% 36.7% EBITDA Margin Growth -0.08% -0.50% SAME STORE HOTELS: (Owned for the entire reporting period) (Includes 68 hotels in both years) (Includes 63 hotels in both years) Three Months Ended Six Months Ended June 30, June 30, 2008 2007 % Variance 2008 2007 % Variance Rooms Available 792,176 792,165 1,483,867 1,475,361 Rooms Occupied 618,935 622,039 1,062,620 1,047,739 Occupancy 78.13% 78.52% -0.5% 71.61% 71.02% 0.8% Average Daily Rate (ADR) $141.63 $135.62 4.4% $133.50 $127.94 4.3% Revenue Per Available Room (RevPAR) $110.66 $106.49 3.9% $95.60 $90.86 5.2% Room Revenues $87,662,526 $84,360,678 $141,856,079 $134,050,248 Food & Beverage $8,140,112 $8,039,458 $15,219,955 $14,831,136 Other Revenues $3,239,686 $3,359,254 $6,006,767 $6,170,634 Total Revenues $99,042,324 $95,759,390 $163,082,801 $155,052,018 EBITDA $36,295,450 $35,740,152 $50,556,312 $49,205,215 EBITDA Margin 36.6% 37.3% 31.0% 31.7% EBITDA Margin Growth -0.68% -0.73% ALL HOTELS INCLUDING JOINT VENTURE ASSETS: (Recorded from date of acquisition or investment) (Includes 74 hotels for 2008 and 71 for 2007) (Includes 74 hotels for 2008 and 71 for 2007) Three Months Ended Six Months Ended June 30, June 30, 2008 2007 % Variance 2008 2007 % Variance Rooms Available 823,264 794,265 1,637,761 1,564,687 Rooms Occupied 640,491 623,527 1,181,329 1,117,734 Occupancy 77.80% 78.50% -0.9% 72.13% 71.43% 1.0% Average Daily Rate (ADR) $142.69 $135.86 5.0% $137.99 $130.36 5.8% Revenue Per Available Room (RevPAR) $111.01 $106.66 4.1% $99.53 $93.13 6.9% Room Revenues $91,392,280 $84,714,765 $163,010,952 $145,712,350 Food & Beverage $8,199,869 $8,039,458 $15,300,960 $14,831,136 Other Revenues $3,301,918 $3,379,291 $6,308,422 $6,345,353 Total Revenues $102,894,067 $96,133,514 $184,620,334 $166,888,839 Discontinued Assets $0 $1,908,705 $0 $3,496,059 EBITDA $38,068,774 $35,949,013 $60,120,606 $54,603,908 EBITDA Margin 37.0% 37.4% 32.6% 32.7% EBITDA Margin Growth -0.40% -0.15% Page 1 of 8 Hersha Hospitality Trust Total Portfolio June 30, 2008 (Dollars in thousands) Year Opened/Complete Debt Balance Hersha Preferred Name Rooms Renovation Acquisition Date as of 6/30/08 Ownership % Equity Return Marriott 1. Mystic, CT 285 2001 8/9/2005 $43,000 66.7% 8.50% 2. Hartford, CT 409 2005 2/8/2006 $45,000 15.0% 8.50% Hilton 3. Hartford, CT 393 2005 10/6/2005 $22,000 8.8% 8.50% Courtyard 4. Alexandria 203 2006 09/29/06 $25,000 100.0% 5. Scranton 120 1996 2/1/2006 $6,258 100.0% 6. Langhorne, PA 118 2002 1/3/2006 $15,471 100.0% 7. Brookline/Boston, MA 188 2003 6/16/2005 $38,913 100.0% 8. Norwich, CT 144 1997 8/9/2005 $9,400 66.7% 8.50% 9. South Boston, MA 164 2005 7/1/2005 $16,002 50.0% 10. Wilmington, DE 78 1999 6/17/2005 $8,000 100.0% 11. Warwick, RI 92 2003 8/9/2005 $6,450 66.7% 8.50% 12. Ewing/Princeton, NJ 130 2004 7/1/2004 $13,500 50.0% 11.00% Hampton Inn 13. Farmingville 161 2002 9/6/2006 $14,936 100.0% 14. Philadelphia, PA 250 2001 2/15/2006 (*) 100.0% 15. Chelsea/Manhattan, NY 144 2003 8/29/2003 $36,000 100.0% 16. Hershey, PA 110 1999 1/1/2000 $3,085 100.0% 17. Carlisle, PA 95 1997 1/26/1999 $3,521 100.0% 18. Danville, PA 72 1998 9/1/1999 $2,223 100.0% 19. Selinsgrove, PA 75 1996 1/26/1999 $2,941 100.0% 20. Herald Square, Manhattan, NY 136 2005 4/1/2005 $26,467 100.0% 21. Seaport, NY 65 2006 2/1/2007 $20,064 (a) 100.0% Residence Inn 22. North Dartmouth, MA 96 2002 5/1/2006 $8,699 (a) 100.0% 23. Tysons Corner, VA 96 1984 2/2/2006 $9,149 100.0% 24. Danbury, CT 78 1999 8/9/2005 $8,050 66.7% 8.50% 25. Framingham, MA 125 2000 3/26/2004 $8,943 100.0% 26. Greenbelt, MD 120 2002 7/16/2004 $12,176 100.0% 27. Mystic, CT 133 1996 09/15/2005 $7,616 66.7% 8.50% 28. Southington, CT 94 2002 8/9/2005 $10,950 44.7% 8.50% 29. Williamsburg, VA 108 2002 11/22/2005 $7,769 75.0% 12.00% 30. Norwood, MA 96 2006 7/27/2006 (*) 100.0% 31. Langhorne, PA 100 2007 1/8/2007 (*) 100.0% 32. Carlisle, PA 78 2007 1/10/2007 $7,000 100.0% Summerfield Suites 33. White Plains, NY 159 2000 12/28/2006 $33,030 100.0% 34. Bridgewater, NJ 128 1998 12/28/2006 $14,492 100.0% 35. Gaithersburg, MD 140 1998 12/28/2006 $13,720 100.0% 36. Pleasant Hill, CA 142 2003 12/28/2006 $20,160 100.0% 37. Pleasanton, CA 128 1998 12/28/2006 $14,490 100.0% 38. Scottsdale, AZ 164 1999 12/28/2006 $16,778 100.0% 39. Charlotte, NC 144 1989 12/28/2006 $7,330 100.0% Homewood Suites 40. Glastonbury, CT 136 2006 6/15/2006 $12,730 48.0% 10.00% Holiday Inn Express 41. Hauppauge 133 2001 09/01/06 $9,879 (a) 100.0% 42. Cambridge, MA 112 1997 05/03/06 $8,261 100.0% 43. Hershey, PA 85 1997 1/26/1999 $4,180 100.0% 44. New Columbia, PA 81 1997 1/26/1999 $1,601 100.0% 45. Malvern, PA 88 2004 5/24/2005 $4,070 100.0% 46. Oxford Valley, PA 88 2004 5/26/2005 $6,550 100.0% 47. South Boston, MA 118 1998 10/7/2005 $5,929 50.0% 48. Chester, NY 80 2006 1/25/2007 $6,700 100.0% 49. Madison Square Garden 228 2006 2/1/2007 $70,000 50.0% 50. Camp Springs, MD 127 2008 6/26/2008 $0 100.0% Hilton Garden Inn 51. JFK Airport, NY 188 2005 2/16/2006 $21,000 100.0% 52. Edison, NJ 132 2003 10/1/2003 $7,637 100.0% 53. Glastonbury, CT 150 2003 11/13/2003 $13,466 48.0% 11.00% 54. Gettysburg, PA 88 2004 7/23/2004 $5,086 100.0% Springhill Suites 55. Waterford, CT 80 1998 8/9/2005 $6,335 66.7% 8.50% 56. Williamsburg, VA 120 2002 11/22/2005 $5,289 75.0% 12.00% Holiday Inn Express & Suites 57. Harrisburg, PA 77 1997 9/1/1999 (*) 100.0% 58. King of Prussia, PA 155 2004 5/23/2005 $12,950 100.0% Sheraton 59.
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