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Hersha Hospitality to fully redeem series B preferred stock

Hersha HospitalityTrust decided to redeem all of its 8.00% series B cumulative redeemablepreferred shares of beneficial interest.

The redemption date will be June 8.

The 4.6 million outstanding series B preferred shares will beredeemed at a per-share price of $25.00 together with accrued and unpaid dividendsthrough the redemption date in the amount of 37.22 cents per series B preferredshare. That equates to an aggregate per-share redemption price of $25.3722.

The redemption agent is American Stock Transfer and Trust Co.LLC.