0001181431-11-018837.txt : 20110317 0001181431-11-018837.hdr.sgml : 20110317 20110317193403 ACCESSION NUMBER: 0001181431-11-018837 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20110315 FILED AS OF DATE: 20110317 DATE AS OF CHANGE: 20110317 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: IRSA INVESTMENTS & REPRESENTATIONS INC CENTRAL INDEX KEY: 0000933267 STANDARD INDUSTRIAL CLASSIFICATION: LAND SUBDIVIDERS & DEVELOPERS (NO CEMETERIES) [6552] FISCAL YEAR END: 0630 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-14765 FILM NUMBER: 11696410 BUSINESS ADDRESS: STREET 1: BOLIVAR 108 CITY: BUENOS AIRES ARGENTI STATE: C1 ZIP: 9999999999 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: ELSZTAIN EDUARDO S CENTRAL INDEX KEY: 0001037182 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-14765 FILM NUMBER: 11696417 MAIL ADDRESS: STREET 1: 108 LER PISO CAPITAL FEDERAL STREET 2: BUENOS AIRES ARGENTINA CITY: SOUTH AMERICA STATE: C1 ZIP: 00000 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: CRESUD INC CENTRAL INDEX KEY: 0001034957 STANDARD INDUSTRIAL CLASSIFICATION: AGRICULTURE PRODUCTION - CROPS [0100] FISCAL YEAR END: 0630 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-14765 FILM NUMBER: 11696414 BUSINESS ADDRESS: STREET 1: AV ROQUE SAENZ PENA 832 STREET 2: 8TH FL CITY: BUENOS AIRES ARGENTINA STATE: C1 ZIP: 1388 BUSINESS PHONE: 5413287808 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: 44 HERSHA DRIVE CITY: HARRISBURG STATE: PA ZIP: 17102 BUSINESS PHONE: 7172364400 MAIL ADDRESS: STREET 1: 44 HERSHA DRIVE CITY: HARRISBURG STATE: PA ZIP: 17102 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: CONSULTORES VENTURE CAPITAL URUGUAY STOCK CORP CENTRAL INDEX KEY: 0001476653 STATE OF INCORPORATION: X3 FISCAL YEAR END: 0330 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-14765 FILM NUMBER: 11696413 BUSINESS ADDRESS: STREET 1: RUTA 8, KM. 17.500 STREET 2: EDIFICIO 3, LOCAL 3 CITY: MONTEVIDEO STATE: X3 ZIP: 91600 BUSINESS PHONE: (5982)5182217 MAIL ADDRESS: STREET 1: RUTA 8, KM. 17.500 STREET 2: EDIFICIO 3, LOCAL 3 CITY: MONTEVIDEO STATE: X3 ZIP: 91600 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: INVERSIONES FINANCIERAS DEL SUR STOCK CORP CENTRAL INDEX KEY: 0001476654 STATE OF INCORPORATION: X3 FISCAL YEAR END: 0630 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-14765 FILM NUMBER: 11696408 BUSINESS ADDRESS: STREET 1: RUTA 8, KM. 17.500 STREET 2: EDIFICIO 3, LOCAL 3 CITY: MONTEVIDEO STATE: X3 ZIP: 91600 BUSINESS PHONE: (5982)5182217 MAIL ADDRESS: STREET 1: RUTA 8, KM. 17.500 STREET 2: EDIFICIO 3, LOCAL 3 CITY: MONTEVIDEO STATE: X3 ZIP: 91600 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: CONSULTORES ASSETS MANAGEMENT STOCK CORP CENTRAL INDEX KEY: 0001476663 STATE OF INCORPORATION: C1 FISCAL YEAR END: 0331 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-14765 FILM NUMBER: 11696416 BUSINESS ADDRESS: STREET 1: BOLIVAR 108, PISO 2? CITY: BUENOS AIRES STATE: C1 ZIP: C1066AAD BUSINESS PHONE: (54)1143237522 MAIL ADDRESS: STREET 1: BOLIVAR 108, PISO 2? CITY: BUENOS AIRES STATE: C1 ZIP: C1066AAD REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: CONSULTORES VENTURE CAPITAL LTD CENTRAL INDEX KEY: 0001476664 STATE OF INCORPORATION: E9 FISCAL YEAR END: 0331 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-14765 FILM NUMBER: 11696415 BUSINESS ADDRESS: STREET 1: RUTA 8, KM. 17.500 STREET 2: EDIFICIO 3, LOCAL 3 CITY: MONTEVIDEO STATE: X3 ZIP: 91600 BUSINESS PHONE: (5982)5182217 MAIL ADDRESS: STREET 1: RUTA 8, KM. 17.500 STREET 2: EDIFICIO 3, LOCAL 3 CITY: MONTEVIDEO STATE: X3 ZIP: 91600 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: AGROINVESTMENT STOCK CORP CENTRAL INDEX KEY: 0001476665 STATE OF INCORPORATION: X3 FISCAL YEAR END: 1130 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-14765 FILM NUMBER: 11696412 BUSINESS ADDRESS: STREET 1: RUTA 8, KM. 17.500 STREET 2: EDIFICIO 3, LOCAL 3 CITY: MONTEVIDEO STATE: X3 ZIP: 91600 BUSINESS PHONE: (5982)5182217 MAIL ADDRESS: STREET 1: RUTA 8, KM. 17.500 STREET 2: EDIFICIO 3, LOCAL 3 CITY: MONTEVIDEO STATE: X3 ZIP: 91600 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Ifis LTD CENTRAL INDEX KEY: 0001477078 STATE OF INCORPORATION: D0 FISCAL YEAR END: 0630 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-14765 FILM NUMBER: 11696409 BUSINESS ADDRESS: STREET 1: MINTFLOWER PLACE, 4TH FLOOR STREET 2: 8 PAR-LA-VILLE ROAD CITY: HAMILTON STATE: D0 ZIP: HM 08 BUSINESS PHONE: (54)1151667000 MAIL ADDRESS: STREET 1: FLORIDA 537, PISO 18? CITY: BUENOS AIRES STATE: C1 ZIP: C1005AAK REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: REAL ESTATE INVESTMENT GROUP LP CENTRAL INDEX KEY: 0001478084 STATE OF INCORPORATION: D0 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-14765 FILM NUMBER: 11696411 BUSINESS ADDRESS: STREET 1: 2 CHURCH STREET CITY: HAMILTON STATE: D0 ZIP: HM 11 BUSINESS PHONE: (441)2945922 MAIL ADDRESS: STREET 1: 2 CHURCH STREET CITY: HAMILTON STATE: D0 ZIP: HM 11 4 1 rrd305890.xml FORM 4 X0303 4 2011-03-15 0 0001063344 HERSHA HOSPITALITY TRUST HT 0001037182 ELSZTAIN EDUARDO S HERSHA HOSPITALITY TRUST 510 WALNUT STREET, 9TH FLOOR PHILADELPHIA PA 19106 1 0 1 0 0001476663 CONSULTORES ASSETS MANAGEMENT STOCK CORP BOL??VAR 108, 1ST FLOOR BUENOS AIRES C1 ARGENTINA 0 0 1 0 0001476664 CONSULTORES VENTURE CAPITAL LTD REGATTA OFFICE PARK, P.O. BOX 31106, SMB GRAND CAYMAN E9 CAYMAN ISLANDS 0 0 1 0 0001034957 CRESUD INC MORENO 877, 23RD FLOOR CIUDAD AUT??NOMA DE BUENOS AIRES C1 ARGENTINA 0 0 1 0 0001476653 CONSULTORES VENTURE CAPITAL URUGUAY STOCK CORP RUTA 8, 17,500, EDIFICIO @3, LOCAL 003 MONTEVIDEO X3 CP 91609 URUGUAY 0 0 1 0 0001476665 AGROINVESTMENT STOCK CORP ZABALA 1422, 2ND FLOOR MONTEVIDEO X3 URUGUAY 0 0 1 0 0001478084 REAL ESTATE INVESTMENT GROUP LP CLARENDON HOUSE 2 CHURCH STREET HAMILTON HM CX D0 BERMUDA 0 0 1 0 0000933267 IRSA INVESTMENTS & REPRESENTATIONS INC BOLIVAR 108, 1ST FLOOR BUENOS AIRES C1 ARGENTINA 0 0 1 0 0001477078 Ifis LTD MINTFLOWER PLACE, 4TH FLOOR 8 PAR-LA-VILLE ROAD HAMILTON D0 HM 08 BERMUDA 0 0 1 0 0001476654 INVERSIONES FINANCIERAS DEL SUR STOCK CORP RUTA 8, 17,500, EDIFICIO @3, LOCAL 003 MONTEVIDEO X3 CP 91609 URUGUAY 0 0 1 0 CLASS A COMMON SHARES OF BENEFICIAL INT 2011-03-15 4 S 0 49000 6.0414 D 16577448 I See Footnote CLASS A COMMON SHARES OF BENEFICIAL INT 2011-03-16 4 S 0 50000 6.0014 D 16527448 I See Footnote CLASS A COMMON SHARES OF BENEFICIAL INT 11600 D Please see Exhibit. Form 1 of 2. /s/ Eduardo S. Elsztain 2011-03-15 /s/ Eduardo S. Elsztain, Chairman of the Board for Consultores Assets Management S.A. 2011-03-15 /s/ Eduardo S. Elsztain, Chairman of the Board for Consultores Venture Capital Limited 2011-03-15 /s/ Eduardo S. Elsztain, Chairman of the Board for Cresud Sociedad An??nima Comercial, Inmobiliaria, Financiera y Agropecuaria 2011-03-15 /s/ Eduardo S. Elsztain, Chairman of the Board for Consultores Venture Capital Uruguay 2011-03-15 /s/ Eduardo S. Elsztain, Chairman of the Board for Agroinvestment S.A. 2011-03-15 /s/ Eduardo S. Elsztain, Chairman of the Board of Jiwin S.A., General Partner for Real Estate Investment Group LP 2011-03-15 /s/ Eduardo S. Elsztain, Chairman of the Board for IRSA Inversiones y Representaciones Sociedad An??nima 2011-03-15 /s/ Eduardo S. Elsztain, Chairman of the Board for IFIS Limited 2011-03-15 /s/ Eduardo S. Elsztain, Chairman of the Board for Inversiones Financieras del Sur S.A. 2011-03-15 EX-99. 2 rrd274288_309561.htm EXHIBIT rrd274288_309561.html 
The transactions described in this Form 4 were executed by Real Estate
Investment Group L.P.

This statement is being filed jointly by Mr. Eduardo S. Elsztain ("Elsztain"),
Consultores Assets Management S.A. ("CAM"), Consultores Venture Capital Uruguay
S.A. ("CVC Uruguay"), Agroinvestment S.A. ("Agroinvestment"), Consultores
Venture Capital Ltd. ("CVC Cayman"), Ifis Limited ("IFIS"), Inversiones
Financieras del Sur S.A. ("IFISA"), Cresud Sociedad Anonima Comercial,
Inmobiliaria, Financiera y Agropecuaria ("Cresud"), Agrology S.A. ("Agrology"),
IRSA Inversiones y Representaciones Sociedad Anonima ("IRSA"), Tyrus S.A.
("Tyrus"), Real Estate Investment Group L.P ("REIG"), Jiwin S.A. ("Jiwin"), and
Idalgir S.A. ("Idalgir" and together with Elsztain, CAM, CVC Uruguay,
Agroinvestment, CVC Cayman, IFIS, IFISA, Cresud, Agrology, IRSA, Tyrus, REIG and
Jiwin, the "Reporting Persons").

Mr. Elsztain is a citizen of the Republic of Argentina who serves as Chairman of
the board of directors of each of the following companies, except for Agrology
and REIG:

(i)     IFIS, a limited liability company organized under the laws of Bermuda;
(ii)    IFISA, a stock corporation organized under the laws of the Republic of
        Uruguay;
(iii)   Cresud, a stock corporation organized under the laws of the Republic of
        Argentina;
(iv)    IRSA, a stock corporation organized under the laws of the Republic of
        Argentina;
(v)     Agrology, a stock corporation organized under the laws of the Republic
        of Argentina;
(vi)    CAM, a limited liability company organized under the laws of Argentina;
(vii)   CVC Cayman, a limited liability company organized under the laws of
        Cayman Island;
(viii)  CVC Uruguay, a limited liability company organized under the laws of the
        Republic of Uruguay;
(ix)    Agroinvestment, a stock corporation organized under the laws of the
        Republic of Uruguay;
(x)     Tyrus, a stock corporation organized under the laws of the Republic of
        Uruguay;
(xi)    Jiwin, a stock corporation organized under the laws of the Republic of
        Uruguay, who serves as general partner of Real Estate Investment Group
        L.P;
(xii)   REIG, a limited partnership organized under the laws of Bermuda; and
(xiii)  Idalgir, a stock corporation organized under the laws of the Republic of
        Uruguay.

Elsztain's principal offices are located at Bolivar 108, 1st floor, Buenos
Aires, Argentina; IFIS' principal offices are located at Mintflower Place 4th
floor, 8 Par-La-Ville Road Hamilton HM 08 Bermuda; IFISA's principal offices are
located at Ruta 8, 17,500, Edificio @1 Local 106, CP 91609, Montevideo, Republic
of Uruguay; Cresud's principal offices are located at Moreno 877, 23rd Floor,
(C1091AAQ) Ciudad Autonoma de Buenos Aires, Argentina; IRSA's principal offices
are located at Bolivar 108, 1st floor, Buenos Aires, Argentina; Agrology's
principal offices are located at Moreno 877, 21st floor (C1091AAQ), Buenos
Aires, Argentina; CAM's principal offices are located at Bolivar 108, 1st floor,
Buenos Aires, Argentina; CVC Cayman's principal offices are located at 89, Nexus
Way, 2nd floor Camana Bay, P.O. Box 31106, SMB, Grand Cayman, KY1-1205, Cayman
Islands; CVC Uruguay's principal offices are located at Ruta 8, 17,500, Edificio
@1 Local 106, CP 91609 Montevideo, of the Republic of Uruguay; Agroinvestment's
principal offices are located at Zabala 1422, 2nd floor, Montevideo, Republic of
Uruguay; REIG principal offices are located at Clarendon House 2 Church Street,
Hamilton HM CX, Bermuda, Tyrus' principal offices are located at Colonia 810,
Of. 403, CP 11000, Montevideo, Republic of Uruguay, Jiwin's principal offices
are located at Colonia 810, Of. 403, CP 11000, Montevideo, Republic of Uruguay
and Idalgir's principal offices are located at Zabala 1422, 2nd floor,
Montevideo, Republic of Uruguay.

The reported securities may be deemed to be indirectly beneficially owned by the
list of entities described on the previous paragraphs except for Elsztain, IRSA
and REIG whose direct beneficial ownership are listed below. The Reporting
Persons disclaim beneficial ownership of the reported securities except to the
extent of their pecuniary interest therein, and this report shall not be deemed
an admission that such Reporting Persons are the beneficial owners of the
securities for purposes of Section 16 of the Securities Exchange Act of 1934, as
amended, or for any other purpose.

As of March 16, 2011:

(i)     Elsztain is the Chairman of the Board of Directors of IFIS, IFISA,
        Cresud, CAM, CVC Uruguay, CVC Cayman, Agroinvestment, IRSA, Tyrus, Jiwin
        and Idalgir, except for Agrology, a company 100% owned by Cresud, and
        REIG, a company in which Jiwin (a company wholly owned by Tyrus) is the
        General Partner;
(ii)    Elsztain is the beneficial owner of 30.90% of IFIS, including: (a)
        12.11% owned indirectly through Agroinvestment; (b) 5.17% owned
        indirectly through Idalgir; (c) 13.93% owned indirectly through CVC
        Uruguay; and (d) 2.08% owned indirectly through CVC Cayman. Elsztain
        owns 100% of Agroinvestment and Idalgir and 85.0% of CAM which owns
        0.11% of IRSA's outstanding stock and 100% of CVC Uruguay which in turn
        owns 0.0002% of Cresud's shares on a fully diluted basis and 100% of CVC
        Cayman. None of these companies directly own Common Shares of Hersha
        Hospitality Trust ("HHT"). Elsztain also directly owns 0.0003% of IRSA's
        outstanding stock and 0.0002% of Cresud's shares on a fully diluted
        basis;
(iii)   CVC Cayman serves as the Investment Manager of IFIS;
(iv)    IFIS is the direct owner of 100% of the common shares of IFISA;
(v)     IFISA directly owns 38.15% of Cresud's shares on a fully diluted basis.
        IFISA does not directly own HHT's Common Shares;
(vi)    Cresud directly owns 50.60% of IRSA's common shares and 100% of
        Agrology. Cresud does not own HHT's Common Shares;
(vii)   Agrology directly owns 6.89% of IRSA's outstanding stock;
(viii)  IRSA owns 100% of Tyrus' capital stock and 819,906 Common Shares of HHT;
(ix)    Tyrus owns 100% of the capital stock of Jiwin;
(x)     Jiwin serves as general Partner of REIG;
(xi)    REIG owns 15,707,542 Common Shares of HHT and has the option to purchase
        up to 5,700,000 Common Shares of HHT;
(xii)   Eduardo Elsztain directly owns 11,600 Common Shares of HHT.