-----BEGIN PRIVACY-ENHANCED MESSAGE-----
Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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<SEC-DOCUMENT>0000911420-03-000192.txt : 20030908
<SEC-HEADER>0000911420-03-000192.hdr.sgml : 20030908
<ACCEPTANCE-DATETIME>20030908145308
ACCESSION NUMBER:		0000911420-03-000192
CONFORMED SUBMISSION TYPE:	4
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20030829
FILED AS OF DATE:		20030908

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			CNL HOSPITALITY GP CORP
		CENTRAL INDEX KEY:			0001262634
		STATE OF INCORPORATION:			DE

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-14765
		FILM NUMBER:		03885869

	MAIL ADDRESS:	
		STREET 1:		450 S ORANGE AVE
		CITY:			ORLANDO
		STATE:			FL
		ZIP:			32801-3336

ISSUER:		

	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

	BUSINESS ADDRESS:	
		STREET 1:		148 SHERATON DRIVE, BOX A
		CITY:			NEW CUMBERLAND
		STATE:			PA
		ZIP:			17070
		BUSINESS PHONE:		7177702405
</SEC-HEADER>
<DOCUMENT>
<TYPE>4
<SEQUENCE>1
<FILENAME>p911843_ex.xml
<TEXT>
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<ownershipDocument>
    <schemaVersion>X0201</schemaVersion>

    <documentType>4</documentType>
   <periodOfReport>2003-08-29</periodOfReport>
   <notSubjectToSection16>0</notSubjectToSection16>
    <issuer>
        <issuerCik>0001063344</issuerCik>
        <issuerName>HERSHA HOSPITALITY TRUST</issuerName>
        <issuerTradingSymbol>HT</issuerTradingSymbol>
   </issuer>
   <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001262634</rptOwnerCik>
            <rptOwnerName>CNL HOSPITALITY GP CORP</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>450 S ORANGE AVE</rptOwnerStreet1>
            <rptOwnerStreet2></rptOwnerStreet2>
            <rptOwnerCity>ORLANDO</rptOwnerCity>
            <rptOwnerState>FL</rptOwnerState>
            <rptOwnerZipCode>32801-3336</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
            <reportingOwnerRelationship>
         <isDirector>0</isDirector>
         <isOfficer>0</isOfficer>
         <isTenPercentOwner>1</isTenPercentOwner>
         <isOther>0</isOther>
      </reportingOwnerRelationship>
   </reportingOwner>
 <derivativeTable>
   <derivativeTransaction>
      <securityTitle>
         <value>Series A Preferred Units of HLP (as defined below)</value>
            <footnoteId id="F1"/>
      </securityTitle>
      <conversionOrExercisePrice>
         <value>6.7555</value>
      </conversionOrExercisePrice>
      <transactionDate>
         <value>2003-08-29</value>
      </transactionDate>
      <transactionCoding>
         <transactionFormType>4</transactionFormType>
         <transactionCode>P</transactionCode>
         <equitySwapInvolved>0</equitySwapInvolved>
      </transactionCoding>
      <transactionAmounts>
         <transactionShares>
           <value>40266</value>
         </transactionShares>
         <transactionPricePerShare>
           <value>100</value>
         </transactionPricePerShare>
         <transactionAcquiredDisposedCode>
           <value>A</value>
         </transactionAcquiredDisposedCode>
      </transactionAmounts>
      <exerciseDate>
         <value>2003-08-29</value>
      </exerciseDate>
      <expirationDate>
            <footnoteId id="F10"/>
      </expirationDate>
      <underlyingSecurity>
         <underlyingSecurityTitle>
           <value>Class A Common Shares of HT (as defined below)</value>
         </underlyingSecurityTitle>
         <underlyingSecurityShares>
           <value>596048</value>
            <footnoteId id="F3"/>
         </underlyingSecurityShares>
      </underlyingSecurity>
      <postTransactionAmounts>
         <sharesOwnedFollowingTransaction>
           <value>190266</value>
         </sharesOwnedFollowingTransaction>
      </postTransactionAmounts>
      <ownershipNature>
         <directOrIndirectOwnership>
           <value>D</value>
            <footnoteId id="F4"/>
         </directOrIndirectOwnership>
      </ownershipNature>
   </derivativeTransaction>
   <derivativeTransaction>
      <securityTitle>
         <value>Series A Preferred Units of HLP (as defined below)</value>
            <footnoteId id="F1"/>
      </securityTitle>
      <conversionOrExercisePrice>
         <value>6.7555</value>
      </conversionOrExercisePrice>
      <transactionDate>
         <value>2003-08-29</value>
      </transactionDate>
      <transactionCoding>
         <transactionFormType>4</transactionFormType>
         <transactionCode>P</transactionCode>
         <equitySwapInvolved>0</equitySwapInvolved>
      </transactionCoding>
      <transactionAmounts>
         <transactionShares>
           <value>40266</value>
         </transactionShares>
         <transactionPricePerShare>
           <value>100</value>
         </transactionPricePerShare>
         <transactionAcquiredDisposedCode>
           <value>A</value>
         </transactionAcquiredDisposedCode>
      </transactionAmounts>
      <exerciseDate>
         <value>2003-08-29</value>
      </exerciseDate>
      <expirationDate>
            <footnoteId id="F10"/>
      </expirationDate>
      <underlyingSecurity>
         <underlyingSecurityTitle>
           <value>Class A Common Shares of HT (as defined below)</value>
         </underlyingSecurityTitle>
         <underlyingSecurityShares>
           <value>596048</value>
            <footnoteId id="F3"/>
         </underlyingSecurityShares>
      </underlyingSecurity>
      <postTransactionAmounts>
         <sharesOwnedFollowingTransaction>
           <value>190266</value>
         </sharesOwnedFollowingTransaction>
      </postTransactionAmounts>
      <ownershipNature>
         <directOrIndirectOwnership>
           <value>I</value>
         </directOrIndirectOwnership>
         <natureOfOwnership>
           <value>See Footnote 5</value>
            <footnoteId id="F5"/>
         </natureOfOwnership>
      </ownershipNature>
   </derivativeTransaction>
   <derivativeTransaction>
      <securityTitle>
         <value>Series A Preferred Units of HLP (as defined below)</value>
            <footnoteId id="F1"/>
      </securityTitle>
      <conversionOrExercisePrice>
         <value>6.7555</value>
      </conversionOrExercisePrice>
      <transactionDate>
         <value>2003-08-29</value>
      </transactionDate>
      <transactionCoding>
         <transactionFormType>4</transactionFormType>
         <transactionCode>P</transactionCode>
         <equitySwapInvolved>0</equitySwapInvolved>
      </transactionCoding>
      <transactionAmounts>
         <transactionShares>
           <value>40266</value>
         </transactionShares>
         <transactionPricePerShare>
           <value>100</value>
         </transactionPricePerShare>
         <transactionAcquiredDisposedCode>
           <value>A</value>
         </transactionAcquiredDisposedCode>
      </transactionAmounts>
      <exerciseDate>
         <value>2003-08-29</value>
      </exerciseDate>
      <expirationDate>
            <footnoteId id="F10"/>
      </expirationDate>
      <underlyingSecurity>
         <underlyingSecurityTitle>
           <value>Class A Common Shares of HT (as defined below)</value>
         </underlyingSecurityTitle>
         <underlyingSecurityShares>
           <value>596048</value>
            <footnoteId id="F3"/>
         </underlyingSecurityShares>
      </underlyingSecurity>
      <postTransactionAmounts>
         <sharesOwnedFollowingTransaction>
           <value>190266</value>
         </sharesOwnedFollowingTransaction>
      </postTransactionAmounts>
      <ownershipNature>
         <directOrIndirectOwnership>
           <value>I</value>
         </directOrIndirectOwnership>
         <natureOfOwnership>
           <value>See Footnote 6</value>
            <footnoteId id="F6"/>
         </natureOfOwnership>
      </ownershipNature>
   </derivativeTransaction>
   <derivativeTransaction>
      <securityTitle>
         <value>Limited Partner Units of Metro Hotels (as defined below)</value>
            <footnoteId id="F2"/>
      </securityTitle>
      <conversionOrExercisePrice>
         <value>6.7555</value>
      </conversionOrExercisePrice>
      <transactionDate>
         <value>2003-08-29</value>
      </transactionDate>
      <transactionCoding>
         <transactionFormType>4</transactionFormType>
         <transactionCode>P</transactionCode>
         <equitySwapInvolved>0</equitySwapInvolved>
      </transactionCoding>
      <transactionAmounts>
         <transactionShares>
           <value>80533</value>
         </transactionShares>
         <transactionPricePerShare>
           <value>100</value>
         </transactionPricePerShare>
         <transactionAcquiredDisposedCode>
           <value>A</value>
         </transactionAcquiredDisposedCode>
      </transactionAmounts>
      <exerciseDate>
         <value>2003-08-29</value>
      </exerciseDate>
      <expirationDate>
            <footnoteId id="F10"/>
      </expirationDate>
      <underlyingSecurity>
         <underlyingSecurityTitle>
           <value>Class A Common Shares of HT (as defined below)</value>
         </underlyingSecurityTitle>
         <underlyingSecurityShares>
           <value>1192110</value>
            <footnoteId id="F3"/>
         </underlyingSecurityShares>
      </underlyingSecurity>
      <postTransactionAmounts>
         <sharesOwnedFollowingTransaction>
           <value>80535</value>
         </sharesOwnedFollowingTransaction>
      </postTransactionAmounts>
      <ownershipNature>
         <directOrIndirectOwnership>
           <value>D</value>
            <footnoteId id="F7"/>
         </directOrIndirectOwnership>
      </ownershipNature>
   </derivativeTransaction>
   <derivativeTransaction>
      <securityTitle>
         <value>Limited Partner Units of Metro Hotels (as defined below)</value>
            <footnoteId id="F2"/>
      </securityTitle>
      <conversionOrExercisePrice>
         <value>6.7555</value>
      </conversionOrExercisePrice>
      <transactionDate>
         <value>2003-08-29</value>
      </transactionDate>
      <transactionCoding>
         <transactionFormType>4</transactionFormType>
         <transactionCode>P</transactionCode>
         <equitySwapInvolved>0</equitySwapInvolved>
      </transactionCoding>
      <transactionAmounts>
         <transactionShares>
           <value>80533</value>
         </transactionShares>
         <transactionPricePerShare>
           <value>100</value>
         </transactionPricePerShare>
         <transactionAcquiredDisposedCode>
           <value>A</value>
         </transactionAcquiredDisposedCode>
      </transactionAmounts>
      <exerciseDate>
         <value>2003-08-29</value>
      </exerciseDate>
      <expirationDate>
            <footnoteId id="F10"/>
      </expirationDate>
      <underlyingSecurity>
         <underlyingSecurityTitle>
           <value>Class A Common Shares of HT (as defined below)</value>
         </underlyingSecurityTitle>
         <underlyingSecurityShares>
           <value>1192110</value>
            <footnoteId id="F3"/>
         </underlyingSecurityShares>
      </underlyingSecurity>
      <postTransactionAmounts>
         <sharesOwnedFollowingTransaction>
           <value>80535</value>
         </sharesOwnedFollowingTransaction>
      </postTransactionAmounts>
      <ownershipNature>
         <directOrIndirectOwnership>
           <value>I</value>
         </directOrIndirectOwnership>
         <natureOfOwnership>
           <value>See Footnote 8</value>
            <footnoteId id="F8"/>
         </natureOfOwnership>
      </ownershipNature>
   </derivativeTransaction>
   <derivativeTransaction>
      <securityTitle>
         <value>Limited Partner Units of Metro Hotels (as defined below)</value>
            <footnoteId id="F2"/>
      </securityTitle>
      <conversionOrExercisePrice>
         <value>6.7555</value>
      </conversionOrExercisePrice>
      <transactionDate>
         <value>2003-08-29</value>
      </transactionDate>
      <transactionCoding>
         <transactionFormType>4</transactionFormType>
         <transactionCode>P</transactionCode>
         <equitySwapInvolved>0</equitySwapInvolved>
      </transactionCoding>
      <transactionAmounts>
         <transactionShares>
           <value>80533</value>
         </transactionShares>
         <transactionPricePerShare>
           <value>100</value>
         </transactionPricePerShare>
         <transactionAcquiredDisposedCode>
           <value>A</value>
         </transactionAcquiredDisposedCode>
      </transactionAmounts>
      <exerciseDate>
         <value>2003-08-29</value>
      </exerciseDate>
      <expirationDate>
            <footnoteId id="F10"/>
      </expirationDate>
      <underlyingSecurity>
         <underlyingSecurityTitle>
           <value>Class A Common Shares of HT (as defined below)</value>
         </underlyingSecurityTitle>
         <underlyingSecurityShares>
           <value>1192110</value>
            <footnoteId id="F3"/>
         </underlyingSecurityShares>
      </underlyingSecurity>
      <postTransactionAmounts>
         <sharesOwnedFollowingTransaction>
           <value>80535</value>
         </sharesOwnedFollowingTransaction>
      </postTransactionAmounts>
      <ownershipNature>
         <directOrIndirectOwnership>
           <value>I</value>
         </directOrIndirectOwnership>
         <natureOfOwnership>
           <value>See Footnote 9</value>
            <footnoteId id="F9"/>
         </natureOfOwnership>
      </ownershipNature>
   </derivativeTransaction>
 </derivativeTable>
   <footnotes>
      <footnote id="F1"> Each 10.5% Series A Preferred Unit of Hersha Hospitality Limited Partnership, a subsidiary of Hersha Hospitality Trust (each a &quot;Series A Preferred Unit of HLP&quot;) is exchangeable at the option of the Reporting Person, at an exchange price of $6.7555 per unit, subject to certain adjustments, based upon a $100 implied value per Series A Preferred Unit of HLP. At this exchange price, each Series A Preferred Unit of HLP is currently exchangeable for approximately 14.8 shares of Priority Class A Common Shares of Beneficial Interest of Hersha Hospitality Trust, par value $0.01 per share (&quot;Class A Common Shares of HT&quot;).</footnote>

      <footnote id="F2"> Each limited partner unit of HT/CNL Metro Hotels, L.P., a joint venture between HLP and CNL Hospitality Partners, L.P. (each a &quot;Limited Partner Unit of Metro Hotels&quot;) is exchangeable at the option of the Reporting Person, at an exchange price of $6.7555 per unit, subject to certain adjustments, based upon a $100 implied value per Limited Partner Unit of Metro Hotels. At this exchange price, each Limited Partner Unit of Metro Hotels is currently exchangeable for approximately 14.8 shares of Class A Common Shares of HT.</footnote>

      <footnote id="F3"> On August 29, 2003, the Reporting Person beneficially owned approximately 4,008,601 Class A Common Shares of HT.</footnote>

      <footnote id="F4"> CNL Hospitality Partners, L.P. is the direct beneficial owner of 190,266 Series A Preferred Units of HLP and is jointly filing this Form 4 with CNL Hospitality GP Corp. and CNL Hospitality Properties, Inc.</footnote>

      <footnote id="F5"> CNL Hospitality GP Corp., as the sole general partner of CNL Hospitality Partners, L.P. has an indirect beneficial ownership interest in the Series A Preferred Units of HLP that are directly beneficially owned by CNL Hospitality Partners, L.P. and is jointly filing this Form 4 with CNL Hospitality Partners, L.P. and CNL Hospitality Properties, Inc.</footnote>

      <footnote id="F6"> CNL Hospitality Properties, Inc., as the sole stockholder of CNL Hospitality GP Corp. has an indirect beneficial ownership interest in the Series A Preferred Units of HLP that are directly beneficially owned by CNL Hospitality Partners, L.P. and is jointly filing this Form 4 with CNL Hospitality Partners, L.P. and CNL Hospitality GP Corp.</footnote>

      <footnote id="F7"> CNL Hospitality Partners, L.P. is the direct beneficial owner of 80,535 Limited Partner Units of Metro Hotels and is jointly filing this Form 4 with CNL Hospitality GP Corp. and CNL Hospitality Properties, Inc.</footnote>

      <footnote id="F8"> CNL Hospitality GP Corp., as the sole general partner of CNL Hospitality Partners, L.P. has an indirect beneficial ownership interest in the Limited Partner Units of Metro Hotels that are directly beneficially owned by CNL Hospitality Partners, L.P. and is jointly filing this Form 4 with CNL Hospitality Partners, L.P. and CNL Hospitality Properties, Inc.</footnote>

      <footnote id="F9"> CNL Hospitality Properties, Inc., as the sole stockholder of CNL Hospitality GP Corp. has an indirect beneficial ownership interest in the Limited Partner Units of Metro Hotels that are directly beneficially owned by CNL Hospitality Partners, L.P. and is jointly filing this Form 4 with CNL Hospitality Partners, L.P. and CNL Hospitality GP Corp.</footnote>

      <footnote id="F10"> None</footnote>
   </footnotes>
   <ownerSignature>
      <signatureName>CNL Hospitality Partners, L.P., By: CNL Hospitality GP Corp., its general partner /s/ C. Brian Str...</signatureName>
      <signatureDate>2003-09-03</signatureDate>
   </ownerSignature>
   <ownerSignature>
      <signatureName>CNL Hospitality GP Corp. /s/ C. Brian Strickland, Executive Vice President</signatureName>
      <signatureDate>2003-09-03</signatureDate>
   </ownerSignature>
   <ownerSignature>
      <signatureName>CNL Hospitality Properties, Inc. /s/ C. Brian Strickland, Executive Vice President</signatureName>
      <signatureDate>2003-09-03</signatureDate>
   </ownerSignature>
</ownershipDocument>

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