Item 8.01. Other Events.

Following the close of trading on Tuesday, September 4, 2012, IRSA Inversiones y Representaciones Sociedad Anónima and its affiliates ("IRSA") sold an aggregate of 2,000,000 shares of common stock of Hersha Hospitality Trust (the "Company") in a block trade pursuant to Rule 144 under the Securities Act of 1933, as amended. As a result of the sale, IRSA's beneficial ownership of the Company's common shares was reduced to approximately 8.1% of the Company's outstanding common shares. The Company understands that in connection with the transaction, IRSA and its affiliates have agreed not to sell or otherwise dispose of any more common shares for a 30-day period from September 4, 2012.

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