SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person* ELSZTAIN EDUARDO S (Last) (First) (Middle) HERSHA HOSPITALITY TRUST 510 WALNUT STREET, 9TH FLOOR (Street) PHILADELPHIA PA 19106 (City) (State) (Zip)	2. Date of Event Requiring Statement (Month/Day/Year) 08/04/2009	3. Issuer Name and Ticker or Trading Symbol HERSHA HOSPITALITY TRUST [ HT ]
		4. Relationship of Reporting Person(s) to Issuer (Check all applicable) X Director X 10% Owner Officer (give title below) Other (specify below)	5. If Amendment, Date of Original Filed (Month/Day/Year) 08/14/2009
			6. Individual or Joint/Group Filing (Check Applicable Line) Form filed by One Reporting Person X Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Class A Common Shares of Beneficial Interest	6,209,587	I(1)	See Footnote(1)

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Option to Purchase Class A Common Shares of Bnfl Inter	08/04/2009	08/04/2014	Class A Common Shares of Beneficial Interest	5,700,000	$3	I(1)	See Footnote(1)

1. Name and Address of Reporting Person* ELSZTAIN EDUARDO S (Last) (First) (Middle) HERSHA HOSPITALITY TRUST 510 WALNUT STREET, 9TH FLOOR (Street) PHILADELPHIA PA 19106 (City) (State) (Zip) Relationship of Reporting Person(s) to Issuer X Director X 10% Owner Officer (give title below) Other (specify below)

1. Name and Address of Reporting Person* Agrology Stock Corp (Last) (First) (Middle) MORENO 877, 21ST FLOOR (Street) BUENOS AIRES C1 (City) (State) (Zip) Relationship of Reporting Person(s) to Issuer Director X 10% Owner Officer (give title below) Other (specify below)

1. Name and Address of Reporting Person* TYRUS STOCK CORP (Last) (First) (Middle) COLONIA 810, OF. 403 (Street) MONTEVIDEO X3 CP 11000 (City) (State) (Zip) Relationship of Reporting Person(s) to Issuer Director X 10% Owner Officer (give title below) Other (specify below)

1. Name and Address of Reporting Person* Inversora Bolivar Stock Corp (Last) (First) (Middle) BOLIVAR 108, 1ST FLOOR (Street) BUENOS AIRES C1 (City) (State) (Zip) Relationship of Reporting Person(s) to Issuer Director X 10% Owner Officer (give title below) Other (specify below)

Explanation of Responses:

1. We are adding Inversora Bolivar S.A. and Real Estate Investment Group LP as additional Reporting Persons as they did not have EDGAR codes at the time of filing. See the original Form 3 for additional members of this joint filing. Inversora Bolivar S.A. and Real Estate Investment Group LP should also be included in the two Forms 4 filed on November 25, 2009, and December 1, 2009.

Remarks:

Form 2 of 2.

	/s/ Eduardo S. Elsztain	12/16/2009
	/s/ Alejandro G. Elsztain, Chairman of the Board for Agrology S.A.	12/16/2009
	/s/ Eduardo S. Elsztain, Chairman of the Board for Tyrus S.A.	12/16/2009
	/s/ Fernando A. Elsztain, Chairman of the Board for Inversora Bol??var S.A.	12/16/2009
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 5 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
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