-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, Q0C/XJMP4wZbQufT76YLyA9xumcGYJ2yRcaM0pu11OnYPJqcKhaoiQU2+YN2FJYR 8X6IK12VcZdtcsi/Y/ulFQ== 0000000000-06-037193.txt : 20061101 0000000000-06-037193.hdr.sgml : 20061101 20060804164308 ACCESSION NUMBER: 0000000000-06-037193 CONFORMED SUBMISSION TYPE: UPLOAD PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20060804 FILED FOR: COMPANY DATA: COMPANY CONFORMED NAME: HERSHA HOSPITALITY TRUST CENTRAL INDEX KEY: 0001063344 STANDARD INDUSTRIAL CLASSIFICATION: REAL ESTATE INVESTMENT TRUSTS [6798] IRS NUMBER: 251811499 STATE OF INCORPORATION: MD FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: UPLOAD BUSINESS ADDRESS: STREET 1: 44 HERSHA DRIVE CITY: HARRISBURG STATE: PA ZIP: 17102 BUSINESS PHONE: 7177702405 MAIL ADDRESS: STREET 1: 44 HERSHA DRIVE CITY: HARRISBURG STATE: PA ZIP: 17102 PUBLIC REFERENCE ACCESSION NUMBER: 0001140361-06-004309 LETTER 1 filename1.pdf begin 644 filename1.pdf M)5!$1BTQ+C0-)>+CS],-"C$P."`P(&]B:B`\/"],:6YE87)I>F5D(#$O3"`Q M-C(T.2]/(#$Q,"]%(#8Y-S8O3B`R+U0@,30P-#$O2"!;(#4Y-B`R,#E=/CX- M96YD;V)J#2`@("`@("`@("`@("`@("`@#0IXF4@,3(S M+U!R978@,30P,CDO6%)E9E-T;2`X,#4O4F]O="`Q,#D@,"!2+TEN9F\@."`P M(%(O241;/#9&-45$13(R,SDR149%0D,W-#!",#4T-S1&03@Y,#0U/CPR,S%# M03!$-34W0C0S0C0V.$0V,S(R0T%#1D5#1C`Q-CY=/CX-"G-T87)T>')E9@T* M,`T*)25%3T8-"@HQ,C(@,"!O8FH\/"],96YG=&@@,3$V+T,@,3$W+T9I;'1E M$N18,#%^`(LQ.$4!5#0P<(`$DP`W% M#`PJ##Q\#(V2!0P\'S3=)S0O67"5]P!8`FB\TB8&L&4,(,W,#`RRUD":D8&! MM1QN$`<#@\D:B"AC`$"``0#^'1'4W1A=&4\/"]'4S`@,3$U(#`@4CX^/CXO5'EP92]086=E/CX-96YD M;V)J#3$Q,2`P(&]B:CP\+U-U8G1Y<&4O5')U951Y<&4O1F]N=$1E7!E+T9O;G0^/@UE;F1O8FH-,3$S(#`@;V)J6R])0T-"87-E M9"`Q,3@@,"!270UE;F1O8FH-,3$T(#`@;V)J/#PO4W1E;58@.#(O1F]N=$YA M;64O5&EM97-.97=2;VUA;E!3350O1F]N=%-T%LM-38X M("TS,#<@,C`P,"`Q,#`W72]!7!E+T9O M;G1$97-C'1'4W1A=&4O4T$@ M9F%L0 M$FH;V\!JM5*:[M[>KKI779#NH;H'EC@-=RE40-KK_?H;FY`TU,21KE4*)NB; M\W<''CU>WBU]O@,"G3]*!G_XU M^9Q./M_J>,<<:)_#28Q3&)F(@)R'89?`Q#1@YV'"4QBZWW%`"&%ZV[/^]N7- M3IE,`HKP,@J$-/#SW<.N:8%/@1$,/!*,VX,=RCO(7H1!),]F+ZR`1YB$@`R3 M(#F/(ATH@H-D4N]8H]QFQ1:6;?4$7$@ZAAE9,5D0";W;4VS*@G"?X1AZT_ASZB7JQK\/]-OU@DA[K:*B.S;>N]]576SR>!KU3P5 M;>8+;UNTKY#ZD5?K4+L&'[7CT:@U6K=+:KBYOQON5T0])RB/8;E1==96)=S4 MQ;.:PG7U#\Q'18!=L$4>]KSXH5Y@L7O\J>IM5JZF<#<'&I&(C,(/QIJ-3YH. MQ))`G->LD<+F#81[0,-(_C/>G>;*'88@*W69WK!#;`6"_#8]'MZO2F@%JH M]-TP>L3WE+S7H[U5X&,&POM1!?H..TMGE$?RS,9'E,S.3"Y)+U^CU#PC5_Q( M3?X>F\O^>+G1'=?ZV`GCA]$SURY,8\F'S'7R,+OVF(S#0_)#)E,F@=.D%Y\_ M%&RR9P5Y]?BT52U2H=K54*OG`E6C6L.K7NH$[*>Z"!)ZX+.>!C_V]$#XL\C[ M#B@W"+7--.RZV!;E0Z.?X7S"JH*R:J==JPV@(K:*`M M-+C2(S[M__UIZ9=L$HQQB=O&TM4&7*DRHBT3,;H,&.%'D M\B/,KI/OCWVD1RC#HQAU/TL]310/2!;QV"OUBGBY7B58%G.IN^_T2G!OVZU> MNS>GW66\;G;=)*>IA1P_@@18Y;-;=;DF@Q/*@#MP[%HTP&$LD`Z<,Q8I.G)^ MH*@&7'MVUC5BV:IG5<*W+*]\Z?ULQFMIEYTWKJ&S9/Q]/*;-?;>9>9Y7N[+% MJ8+K&GW2!HQQ&C7KE^N/":3M__FJA78!&N"@SW=T,73Y&8.#AM[1Q=`UB`8' M+7WLP+$/X@`'33UQX+C^PS`XZ`E<=;YD6BB:=5>=+YD6BD;<56?[M`QPT&.[ MZFP?@P$.&F5'G;G+\AL<-,2..O-+^$S1[SKJS"_A,\6STU%G?@F?*=I21YWY M)7Q&:V@K\W\"#`"<$K6D#0IE;F1S=')E86T-96YD;V)J#3$Q-R`P(&]B:CP\ M+U-U8G1Y<&4O5')U951Y<&4O1F]N=$1E.G1O>=\YCG:Q`J-5H&S*6>= M0J,P\6F<5]<9E3@CJ3AWU:F5]3A?Q=FERJA1X_S<%*M1RFH!0.DFNT$I+\?9 M#V>Z/B=+@O,"`,ATU3M<^@X;E`T&TZ4DU;I&O5I5;L# MSM.3S+F>0?P+;VT_YU<]"H!X%J_-^K>VTBT`C*\$P/+F6YO+^P`P\;X=OOC. M??BF>2DW&'1AOK[U]?4^:J7&W6*M0&=;46 M4VO_4Q-_9=A/-#_7N+ACKP&OV`>P+O(`\K<+`.72`%*T#=^!WO0ME9(',O`U MW^'>_-S/"?KW4^$^TZ-6K9J+DV3E8'*COFY^S_19`@*@`B;@`2M@#YR!.Q`" M?Q`"PD$TB`?)(!WD@`*P%,A!.=``/:@'+:`==($>L!YL`L-@.Q@#N\%^!P_!H_`^^#!\`CX/7X,GX8?P+`(0 M&L)''!$A(D8D2#I2B)0A>J05Z48&D5%D/W(,.8M<02:11\@+E(AR40P5HN%H M$IJ+RM$:M!7M18?17>AA]#1Z!9U"9]#7!`;!EN!%""-("8L(*D(]H8LP2-A) M^(APAG"-,$UX2B02^40!,8281"P@5A";B;W$K<0#Q./$2\2[Q%D2B61%\B)% MD-)),I*!U$7:0MI'^HQTF31->DZFD1W(_N0$8C%H7EQI*P9*Q6U@CK*.L&:Y;-98O8Z6P-NY>]AWV.?9]#XKAQXCD*3B?G M`\XISETNPG7F2KAR[@KN&/<,=YI'Y`EX4EX%KX?W6]X$;\:<8QYHGF?>8#YB M_HGY)!_AN_&E_"I^'_\@_SK_I86=18R%TF*-Q7Z+RQ;/+&TLHRV5EMV6!RRO M6;ZTPJSBK2JM-EB-6]VQ1JT]K3.MZZVW69^Q?F3#LPFWD=MTVQRTN6D+VWK: M9MDVVWY@>\%VUL[>+M%.9[?%[I3=(WN^?;1]A?V`_:?V#QRX#I$.:H"6[[;*;=SMOL!2(!4T"?8*;KLS MW*/<:]Q'W:]Z$#W$'I4>6SV^](0]@SS+/4<\+WK!7L%>:J^M7I>\"=ZAWEKO M4>\;0KHP1E@GW"N<\N'[I/IT^(S[//9U\2WTW>![UO>U7Y!?E=^8WRT11Y0L MZA`=$WWG[^DO]Q_QOQK`"$@(:`LX$O!MH%>@,G!;X)^#N$%I0:N"3@;](S@D M6!^\/_A!B$M(22@A-#:T+?3CT!=AP6&&L(-A?P\7AE>& M[PF_OT"P0+E@;,'="*<(6<2.B,E(++(D\OW(R2C'*%G4:-0WT<[1BNB=T?=B M/&(J8O;%/([UB]7'?A3[3!(F628Y'H?$)<9UQTW$<^)SXX?COTYP2E`E[$V8 M20Q*;$X\GD1(2DG:D'1#:B>52W=+9Y)#DIN M2S=9$U:SJ69&GZ+?60O5+JD]8N#A/U,7C.[&E<:INLBZD;KG]7GUAQK8#=J& M"XV>C6L:[S4E-/VF&6V6-Y]L<6QI;YE:%K-L1RO46MIZLLVYK;-M>GGB\EWM MU/;*]C]U^'7T=WR_(G_%L4Z[SN6==U=VMZ/ZBQZ]GL.>'7GGO%VM%:X?6_KBN;-U$7W#?MO7$]=KUUS=$;=C5 MS^YOZK^[,6WCX0%LH'O@^TW%F\X-!@YNWTS=;-P\.93Z3P"D`5O^F+B9))F0 MF?R::)K5FT*;KYP0)ZNGQV?BY_ZH&F@V*%'H;:B)J*6HP:C M=J/FI%:DQZ4XI:FF&J:+IOVG;J?@J%*HQ*DWJ:FJ'*J/JP*K=:OIK%RLT*U$ MK;BN+:ZAKQ:OB[``L'6PZK%@L=:R2[+"LSBSKK0EM)RU$[6*M@&V>;;PMVBW MX+A9N-&Y2KG"NCNZM;LNNZ>\(;R;O16]C[X*OH2^_[]ZO_7`<,#LP6?!X\)? MPMO#6,/4Q%'$SL5+QHM\IWZ_@-N"]X43AS.)3XMOC8^/KY'/D M_.6$Y@WFENV<[BCNM.]`[\SP6/#E M\7+Q__*,\QGSI_0T],+U4/7>]FWV^_>*^!GXJ/DX^%LM-34X("TS,#<@,C`P,"`Q,#(V72]!7!E+T9O;G1$97-C2A4:6UEF9Y3 M*LBS,CTG4^19F9Z3-/A?9GI.,2//RO1L39!G97JV6J%GIFA:?"<@ST[/X3D">F9[%=P+PG)B> MQ7<"\)Q0S^)_%O&=\)_G;P$&`(_N=)\-"F5N9'-T7!E+T]B:E-T;3X^ MS[$OIAAKR)H<#9%)3(;8)%\,.70SGGE\]8C!4'3M`S\)SQ-^&**,&-%`5P:B M#$?FUI7CD%\#SR"^`%Y!?`"\BR0!>BFQ:JMD6$\'+$*,+RW4F@E,I1+,R041XE8JAKE80F!,5ABE0YV*0T1>Q:.$V%REE1*+ M!3(`8%""$)!'`2\B#VRU$)$'-2\2$B'\A@2[L(WQ!>,)90P9AI,%-",#PH:( MEIH8E::VO8&*V#CFU:ONL!T,:TZZ]].A+E:G0ZWMD#SL.:I?5X?UQG!WTL_K MN^FR':`F.;U9UFZR&M87H^ZD[U<[.XUZ!JLA:$Z/@22P!"?!2P@2HH0D(4L0 M2A)*$DH22A)*$DH22A)*$DH22A)*%DH62A9*%DH62A9*%DH62A9*%DH12A%* M$4H12A%*$4H12A%*$4H12G-0(FTB;Z*02!`D"!($"8($P4)@`;",9QG.D@@+ MA87"0F&AL%"<4)Q0G%"<4)Q0G%"<4)Q0G%"<4+Q0O%"\4+Q0O%"\4+Q0O%"\ M4+Q0@E""4()0@E""4()0PDCYT+TWX\ANTDWJA6R]H_7UES/;7NUCK=J[O4G' M9Y_J]+(.W?ON8#&?+>KDTQ3;=W]VM1YJ]V;HEWO3Y6WS>+UJDFZRG"ZZR?K\ MR\4P6ZYNF\LZ?-MQ>KR+WSVMU_ M[=[,_NR.^N%Z.D=6ORXN%_VJH@,?^SA+]ZW?%TC\/J']?C[O_ZJ7O^'\M>[/ M=Y,=M-D.NOUA>EU'^H-%(E$1[.S\.*'_ZH1^./MQ1+$<:\TCC'FGL(XU_I#&0-`ZRQD%6G3V-@ZQQD#4.LL9!UCC(&@=9XR!K''0: M!YW&0:=Z?6H<=!H'G<9!IW'0:1QT&@>=QD&_C8/I5ORL@[CR7=3=CZLZ&/N+ M':^4N_/9%>ZGJ^FPZHZ[M].;=N'\8YBM9HNK=_UE[=X.I^/SUPL M'I'[[>3^F>O%=_+PS`WC$7G2)9-U\J*3DU7J2:EGI=XI]4IK*2CU4:E7NDM* M>TGI[\.[R.T_Y=_K[]Z$O)6]]W+6R97F\E;F/G\M>40>=?*DDV>=O*CDSNKD MI).S3NYTJT[GJ=*XZG:M.YZK7N>IUKGJ=JU[GJM_"U?_^*O/_7:)^ M;M>[I^?>@PYOXY>X/+[P[%L4_6\!!@!`.)BR#0IE;F1S=')E86T-96YD;V)J M#30@,"!O8FH\/"].=6US6S`@-2`P(%)=/CX-96YD;V)J#34@,"!O8FH\/"]3 M+T0^/@UE;F1O8FH--B`P(&]B:CP\+T-O=6YT(#(O5'EP92]086=E7!E+UA- M3"],96YG=&@@-#0Q,B]4>7!E+TUE=&%D871A/CYS=')E86T-"CP_>'!A8VME M="!B96=I;CTB[[N_(B!I9#TB5S5-,$UP0V5H:4AZDY48WIK8SED(C\^ M"CQX.GAM<&UE=&$@>&UL;G,Z>#TB861O8F4Z;G,Z;65T82\B('@Z>&UP=&L] M(C,N,2TW,#$B/@H@("`\"UN3Y396-U&AA;F=E($-O M;6UI3X*("`@("`@("`@/'!D9G@Z4V]U#I3;W5R8V5-;V1I9FEE M9#X*("`@("`@/"]R9&8Z1&5S8W)I<'1I;VX^"B`@("`@(#QR9&8Z1&5S8W)I M<'1I;VX@&%P.D-R96%T941A=&4^,C`P-BTP."TP-%0Q-CHS.3HR-BTP-#HP,#PO>&%P M.D-R96%T941A=&4^"B`@("`@("`@(#QX87`Z365T861A=&%$871E/C(P,#8M M,#@M,#14,38Z,SDZ,S(M,#0Z,#`\+WAA<#I-971A9&%T841A=&4^"B`@("`@ M(#PO&%P34TZ26YS=&%N M8V5)1#YU=6ED.C0R-F,R8V(P+38T834M-#)D-2UA-S$T+3$R,S%F,6(X-&-A M9#PO>&%P34TZ26YS=&%N8V5)1#X*("`@("`@("`@/'AA<$U-.E9E&%P34TZ5F5R&UL;G,Z9&,](FAT='`Z+R]P=7)L+F]R9R]D8R]E;&5M96YT"UD969A=6QT M(CY,971T97(@9F]R;6%T(&9O&UL;G,Z<&AO=&]S:&]P M/2)H='1P.B\O;G,N861O8F4N8V]M+W!H;W1O&UP;65T83X*("`@ M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@ M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@ M("`@("`@(`H@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@ M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@ M("`@("`@("`@("`@("`@("`@"B`@("`@("`@("`@("`@("`@("`@("`@("`@ M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@ M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`*("`@("`@("`@("`@("`@ M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@ M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@(`H@("`@ M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@ M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@ M("`@("`@"B`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@ M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@ M("`@("`@("`@("`@("`@("`*("`@("`@("`@("`@("`@("`@("`@("`@("`@ M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@ M("`@("`@("`@("`@("`@("`@("`@("`@("`@(`H@("`@("`@("`@("`@("`@ M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@ M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@"B`@("`@ M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@ M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@ M("`@("`*("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@ M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@ M("`@("`@("`@("`@("`@(`H@("`@("`@("`@("`@("`@("`@("`@("`@("`@ M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@ M("`@("`@("`@("`@("`@("`@("`@("`@("`@"B`@("`@("`@("`@("`@("`@ M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@ M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`*("`@("`@ M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@ M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@ M("`@(`H@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@ M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@ M("`@("`@("`@("`@("`@"B`@("`@("`@("`@("`@("`@("`@("`@("`@("`@ M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@ M("`@("`@("`@("`@("`@("`@("`@("`@("`*("`@("`@("`@("`@("`@("`@ M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@ M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@(`H@("`@("`@ M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@ M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@ M("`@"B`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@ M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@ M("`@("`@("`@("`@("`*("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@ M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@ M("`@("`@("`@("`@("`@("`@("`@("`@(`H@("`@("`@("`@("`@("`@("`@ M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@ M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@"B`@("`@("`@ M("`@("`@("`@("`@("`@("`@(`H\/WAP86-K970@96YD/2)W(C\^#0IE;F1S M=')E86T-96YD;V)J#3@@,"!O8FH\/"]# -----END PRIVACY-ENHANCED MESSAGE-----