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<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><B><font style='font-size:16PT'>UNITED STATES</font></B></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><B><font style='font-size:16PT'>SECURITIES AND EXCHANGE COMMISSION</font></B></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><b><font style='font-size:10pt'>Washington, D.C. 20549</font></b></p>

<p style=' margin-bottom:0pt; margin-top:12pt;text-align:center;'><B><font style='font-size:16PT'>FORM 8-K</font></B></p>

<p style=' margin-bottom:0pt; margin-top:12pt;text-align:center;'><B><font style='font-size:10PT'>CURRENT REPORT</font></B></p>

<p style=' margin-bottom:0pt; margin-top:12pt;text-align:center;'><b><font style='font-size:10pt'>Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934</font></b></p>

<p style=' margin-bottom:0pt; margin-top:12pt;text-align:center;'><b><font style='font-size:10pt'>Date of Report (Date of earliest event reported): December 5, 2006</font></b></p>

<p style=' margin-bottom:0pt; margin-top:8pt;text-align:center;'><B><font style='font-size:18PT'>HERSHA HOSPITALITY TRUST</font></B></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font style='font-size:10pt'>(Exact
  name of registrant as specified in its charter)</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font style='font-size:10pt'>&nbsp;</font></p>

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                    <td align=center valign=top width="280"><b><font style='font-size:10pt'>Maryland</font></b><br>
<font style='font-size:10pt'>(State or other jurisdiction of</font><br>
<font style='font-size:10pt'>incorporation)</font><br></td>
        <td align=center valign=top width="280"><b><font style='font-size:10pt'>001-14765</font></b><br>
            <font style='font-size:10pt'>(Commission File Number)</font><br>
<br></td>
        <td align=center valign=top width="280"><b><font style='font-size:10pt'>251811499</font></b><br>
            <font style='font-size:10pt'>(IRS Employer Identification No.)</font><br>
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        <td width="50">&nbsp;</td></tr></table>

<p style=' margin-bottom:0pt; margin-top:12pt;text-align:center;'><b><font style='font-size:10pt'>510 Walnut Street, 9th Floor</font></b></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><b><font style='font-size:10pt'>Philadelphia, Pennsylvania 19106</font></b></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font style='font-size:10pt'>(Address and zip code of</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font style='font-size:10pt'>principal executive offices)</font></p>

<p style=' margin-bottom:0pt; margin-top:12pt;text-align:center;'><font style='font-size:10pt'>Registrant&#146;s telephone number, including area code: </font><b><font style='font-size:10pt'>(215) 238-1046</font></b></p>

<p style=' margin-bottom:0pt; margin-top:8pt;text-align:left;'><font style='font-size:10pt'>Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instructions A.2. below):</font></p>

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            <p style=' margin-bottom:0pt; margin-top:12pt;'><font style='font-size:10pt'>Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)</font></td></tr></table>

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        <td valign="Top">
            <p style=' margin-bottom:0pt; margin-top:12pt;'><font style='font-size:10pt'>Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)</font></td></tr></table>

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            <p style=' margin-bottom:0pt; margin-top:12pt;'><font style='font-size:10pt'>Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))</font></td></tr></table>

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            <p style=' margin-bottom:0pt; margin-top:12pt;'><font style='font-size:10pt'>Pre-commencement communications pursuant to Rule 13e4(c) under the Exchange Act (17 CFR 240.13e-4(c))</font></td></tr></table>

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<p style=' margin-left:0pt;text-indent:0pt;text-align:left;margin-Top:0pt;margin-bottom:0pt;'><b><font style='font-size:10pt'>Item</font></b><font style='font-size:10pt'>&nbsp;</font><b><font style='font-size:10pt'>1.01.</font></b></p> </td>

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<p style=' margin-left:0pt;text-indent:0pt;text-align:left;margin-Top:0pt;margin-bottom:0pt;'><b><font style='font-size:10pt'>Entry Into a Material Definitive Agreement. </font></b></p> </td> </tr></table>
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<p style=' margin-bottom:0pt; margin-top:8pt;text-align:left;'><font style='font-size:10pt'>On December 5, 2006, Hersha Hospitality Trust, a Maryland real estate investment trust (the &#147;Company&#148;) and Hersha Hospitality Limited Partnership, the Company&#146;s operating partnership (the &#147;Operating Partnership&#148;), entered into an underwriting agreement with UBS Securities LLC and Wachovia Capital Markets, LLC, as representatives of the underwriters named in the underwriting agreement. Pursuant to the terms of the underwriting agreement, the Company agreed to sell, and the underwriters agreed to purchase, subject to the terms and conditions set forth in the underwriting agreement, 7,200,000 of the Company&#146;s common shares at a public offering price of $11.20 per share (the &#147;Offering&#148;). In addition, the Company granted to the underwriters a 30-day option to purchase an additional 1,080,000 of the Company&#146;s common shares to cover over-allotments, if any.
The net proceeds of the Offering after deducting underwriting discounts, commissions and estimated offering expenses, and before giving effect to the over-allotment option, will be $76.5 million. The underwriting agreement contains customary representations, warranties and agreements of the Company, conditions to closing, indemnification rights and obligations of the parties and termination provisions.</font></p>

<p style=' margin-bottom:0pt; margin-top:8pt;text-align:left;'><font style='font-size:10pt'>The preceding description is qualified in its entirety by reference to the underwriting agreement, a copy of which is attached hereto as </font><u><font style='font-size:10pt'>Exhibit 1.1</font></u><font style='font-size:10pt'> to this Current Report on Form 8-K and is incorporated herein by reference. </font></p>


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<p style=' margin-left:0pt;text-indent:0pt;text-align:left;margin-Top:0pt;margin-bottom:0pt;'><b><font style='font-size:10pt'>Item 9.01</font></b></p> </td>

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<p style=' margin-left:0pt;text-indent:0pt;text-align:left;margin-Top:0pt;margin-bottom:0pt;'><b><font style='font-size:10pt'>Financial Statements and Exhibits.</font></b></p> </td> </tr></table>
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<p style=' margin-bottom:0pt; margin-top:8pt;text-align:left;'><font style='font-size:10pt'>(d) </font><i><font style='font-size:10pt'>Exhibits.</font></i></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font style='font-size:10pt'>&nbsp;</font></p>


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        <p style=' margin-left:0pt;text-indent:0pt;text-align:center;margin-Top:0pt;margin-bottom:0pt;'><font style='font-size:10pt'>1.1</font></p>
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<p style=' margin-left:0pt;text-indent:0pt;text-align:left;margin-Top:0pt;margin-bottom:0pt;'><font style='font-size:10pt'>Underwriting Agreement dated December 5, 2006.</font></p> </td> </tr></table>
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<p style=' margin-bottom:0pt; margin-top:12pt;text-align:center;'><B><font style='font-size:10PT'>SIGNATURE</font></B></p>

<p style=' margin-bottom:0pt; margin-top:8pt;text-align:left;'><font style='font-size:10pt'>Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font style='font-size:10pt'>&nbsp;</font></p>


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<p style=' margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt;'><font size=1>&nbsp;</font></p> </td>

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<p style=' margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt;'><B><font style='font-size:11PT'>HERSHA HOSPITALITY TRUST</font></B></p> </td> </tr>
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<p style=' margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt;'><br> <font style='font-size:10pt'>Date: December 7, 2006</font></p> </td>

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<p style=' margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt;'><font style='font-size:10pt'>By:&nbsp;</font></p> </td>

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<p style=' margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt;'><br> <font style='font-size:10pt'>/</font><font style='font-size:10pt'>s/ Ashish R. Parikh</font></p> </td> </tr>
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<p style=' margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt;'><font style='font-size:10pt'>Ashish R. Parikh</font></p> </td> </tr>
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<p style=' margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt;'><font style='font-size:10pt'>Chief Financial Officer</font></p> </td> </tr></table>
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[{"type": "8-K", "sequence": "1", "filename": "b415999_8k.htm", "description": "FORM 8-K", "secsgml_size_bytes": 14275}]
{"company-data": {"conformed-name": "HERSHA HOSPITALITY TRUST", "cik": "0001063344", "assigned-sic": "6798", "irs-number": "251811499", "state-of-incorporation": "MD", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "001-14765", "film-number": "061262960"}, "business-address": {"street1": "44 HERSHA DRIVE", "city": "HARRISBURG", "state": "PA", "zip": "17102", "phone": "7177702405"}, "mail-address": {"street1": "44 HERSHA DRIVE", "city": "HARRISBURG", "state": "PA", "zip": "17102"}}
Prepared and filed by St Ives Financial
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): December 5, 2006
HERSHA HOSPITALITY TRUST
(Exact
  name of registrant as specified in its charter)
Maryland
(State or other jurisdiction of
incorporation)
001-14765
(Commission File Number)
251811499
(IRS Employer Identification No.)
510 Walnut Street, 9th Floor
Philadelphia, Pennsylvania 19106
(Address and zip code of
principal executive offices)
Registrant's telephone number, including area code:
(215) 238-1046
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instructions A.2. below):
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
Pre-commencement communications pursuant to Rule 13e4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Item
1.01.
Entry Into a Material Definitive Agreement.
On December 5, 2006, Hersha Hospitality Trust, a Maryland real estate investment trust (the "Company") and Hersha Hospitality Limited Partnership, the Company's operating partnership (the "Operating Partnership"), entered into an underwriting agreement with UBS Securities LLC and Wachovia Capital Markets, LLC, as representatives of the underwriters named in the underwriting agreement. Pursuant to the terms of the underwriting agreement, the Company agreed to sell, and the underwriters agreed to purchase, subject to the terms and conditions set forth in the underwriting agreement, 7,200,000 of the Company's common shares at a public offering price of $11.20 per share (the "Offering"). In addition, the Company granted to the underwriters a 30-day option to purchase an additional 1,080,000 of the Company's common shares to cover over-allotments, if any.
The net proceeds of the Offering after deducting underwriting discounts, commissions and estimated offering expenses, and before giving effect to the over-allotment option, will be $76.5 million. The underwriting agreement contains customary representations, warranties and agreements of the Company, conditions to closing, indemnification rights and obligations of the parties and termination provisions.
The preceding description is qualified in its entirety by reference to the underwriting agreement, a copy of which is attached hereto as
Exhibit 1.1
to this Current Report on Form 8-K and is incorporated herein by reference.
Item 9.01
Financial Statements and Exhibits.
(d)
Exhibits.
1.1
Underwriting Agreement dated December 5, 2006.
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.
HERSHA HOSPITALITY TRUST
Date: December 7, 2006
By:
/
s/ Ashish R. Parikh
Ashish R. Parikh
Chief Financial Officer