----

| Name of Entity                                                                                        | Ownership                                                        | Jurisdiction of Incorporation or Organization |
|-------------------------------------------------------------------------------------------------------|------------------------------------------------------------------|-----------------------------------------------|
| Hersha Hospitality Trust                                                                              | N/A                                                              | MD                                            |
| Hersha Hospitality Limited Partnership (“HHLP”) (the “Operating Partnership”) | 86.89 by Hersha Hospitality Trust (General Partnership Interest) | VA                                            |
|                                                                                                  | 13.11% by Hersha Affiliates (Limited Partnership Interest)       |                                          |
|                                                                                                  |                                                             |                                          |
| Hersha Hospitality, LLC (“HH LLC”)                                                        | 100% by HHLP                                                     | VA                                            |
| 44 New England Management Company                                                                     | 100% by HHLP                                                     | VA                                            |
| HHM Leasehold Interests, Inc.                                                                         | 1% by HHLP                                                       | VA                                            |
|                                                                                                  | 99% by Hersha Hospitality Management, LP                         |                                          |
| HHLP King of Prussia Associates, LP                                                                   | 1% by HHLP King of Prussia, Inc.                                 | PA                                            |
|                                                                                                  | 99% by HHLP                                                      |                                          |
| HHLP King of Prussia, Inc.                                                                            | 100% by HHLP                                                     | PA                                            |
| 44 Delaware One, LLC                                                                                  | 100% by 44 New England Management Company                        | DE                                            |
| HHLP Malvern Associates, LP                                                                           | 1% by HHLP Malvern, Inc.                                         | PA                                            |
|                                                                                                  | 99% by HHLP                                                      |                                          |
| HHLP Malvern, Inc.                                                                                    | 100% by HHLP                                                     | PA                                            |
| 44 Delaware Two, LLC                                                                                  | 100% by 44 New England Management Company                        | DE                                            |
| HHLP Oxford Valley Associates, LP                                                                     | 1% by HHLP Oxford Valley, Inc.                                   | PA                                            |
|                                                                                                  | 99% by HHLP                                                      |                                          |
| HHLP Oxford Valley, Inc.                                                                              | 100% by HHLP                                                     | PA                                            |
| 44 Delaware Three, LLC                                                                                | 100% by 44 New England Management Company                        | DE                                            |
| HHLP Wilmington Associates, LP                                                                        | 1% by HHLP Wilmington, Inc.                                      | DE                                            |
|                                                                                                  | 99% by HHLP                                                      |                                          |
| HHLP Wilmington, Inc.                                                                                 | 100% by HHLP                                                     | DE                                            |
| 44 Delaware, LLC                                                                                      | 100% by 44 New England Management Company                        | DE                                            |
| HHLP Bethlehem Associates, L.P.                                                                       | 1% by HHLP Bethlehem, LLC                                        | PA                                            |
|                                                                                                  | 99% by HHLP                                                      |                                          |
| HHLP Bethlehem, LLC                                                                                   | 100% by HHLP                                                     | PA                                            |
| HHLP Langhorne One Associates, LLC                                                                    | 1% by HHLP Langhorne One, LLC                                    | PA                                            |
|                                                                                                  | 99% by HHLP                                                      |                                          |
| HHLP Langhorne One, LLC                                                                               | 100% by HHLP                                                     | PA                                            |
| HHLP Scranton Associates, L.P.                                                                        | .5% by HHLP Scranton, LLC                                        | PA                                            |
|                                                                                                  | 99.5% by HHLP                                                    |                                          |
| HHLP Scranton, LLC                                                                                    | 100% by HHLP                                                     | PA                                            |
| HHLP Valley Forge Associates                                                                          | 1% by HH LLC                                                     | PA                                            |
|                                                                                                  | 99% by HHLP                                                      |                                          |
| 2844 Associates, LP                                                                                   | 1% by HH LLC                                                     | PA                                            |
|                                                                                                  | 99% by HHLP                                                      |                                          |
| 3144 Associates, LP                                                                                   | 1% by HH LLC                                                     | PA                                            |
|                                                                                                  | 99% by HHLP                                                      |                                          |
| 3544 Associates, LP                                                                                   | 1% by Hersha Hospitality Limited Liability Company - Danville    | PA                                            |
|                                                                                                  | 99% by HHLP                                                      |                                          |
| Hersha Hospitality Limited Liability Company - Danville                                               | 100% by HHLP                                                     | DE                                            |
| HHLP Tyson’s Corner Associates, LLC                                                             | 100% by HHLP                                                     | DE                                            |
| 44 Tyson’s Corner, LLC                                                                          | 100% by 44 New England Management Company                        | DE                                            |
| Affordable Hospitality Associates, LP                                                                 | 99% by HHLP                                                      | PA                                            |
|                                                                                                  | 1% by Race Street, LLC                                           |                                          |

----

| Name of Entity                                              | Ownership                                                         | Jurisdiction of Incorporation or Organization |
|-------------------------------------------------------------|-------------------------------------------------------------------|-----------------------------------------------|
| Race Street, LLC                                            | 100% by HHLP                                                      | PA                                            |
| Philly One TRS, LLC                                         | 100% by 44 New England Management Company                         | PA                                            |
| 944 Associates                                              | 1% by Hersha Hospitality Limited Liability Company - Carlisle     | PA                                            |
|                                                        | 99% by HHLP                                                       |                                          |
| Hersha Hospitality Limited Liability Company - Carlisle     | 100% by HHLP                                                      | DE                                            |
| 2144 Associates - Hershey                                   | 1% by Hersha Hospitality Limited Liability Company - Hershey      | PA                                            |
|                                                        | 99% by HHLP                                                       |                                          |
| Hersha Hospitality Limited Liability Company - Hershey      | 100% by HHLP                                                      | DE                                            |
| 2144 Associates - New Columbia                              | 1% by Hersha Hospitality Limited Liability Company - New Columbia | PA                                            |
|                                                        | 99% by HHLP                                                       |                                          |
| Hersha Hospitality Limited Liability Company - New Columbia | 100% by HHLP                                                      | DE                                            |
| 2144 Associates - Selinsgrove                               | 1% by Hersha Hospitality Limited Liability Company - Selinsgrove  | PA                                            |
|                                                        | 99% by HHLP                                                       |                                          |
| Hersha Hospitality Limited Liability Company - Selinsgrove  | 100% by HHLP                                                      | DE                                            |
| 2444 Associates                                             | 1% by Hersha Hospitality Limited Liability Company - West Hanover | PA                                            |
|                                                        | 99% by HHLP                                                       |                                          |
| Hersha Hospitality Limited Liability Company - West Hanover | 100% by HHLP                                                      | DE                                            |
| 44 Framingham Associates, LLC                               | 100% by HHLP                                                      | MA                                            |
| Chelsea Grand East, LLC                                     | 1% by Chelsea Grand East Manager, LLC                             | NY                                            |
|                                                        | 99% by HHLP                                                       |                                          |
| Chelsea Grand East Manager, LLC                             | 100% by HHLP                                                      | DE                                            |
| 44 Chelsea Delaware, LLC                                    | 100% by 44 New England Management Company                         | DE                                            |
| HHLP Franklin Associates, LLC                               | 99% by HHLP                                                       | MA                                            |
|                                                        | 1% by Franklin Managing Member, LLC                               |                                          |
| 44 Franklin Managing Member, LLC                            | 100% by HHLP                                                      | MA                                            |
| HHLP Dartmouth One Associates, LLC                          | 99% by HHLP                                                       | MA                                            |
|                                                        | 1% by 44 Dartmouth One, LLC                                       |                                          |
| 44 Dartmouth One, LLC                                       | 100% by HHLP                                                      | DE                                            |
| HHLP Dartmouth Two Associates, LLC                          | 99% by HHLP1% by 44 Dartmouth Two, LLC                            | MA                                            |
| 44 Dartmouth Two, LLC                                       | 100% by HHLP                                                      | DE                                            |
| HHLP Dartmouth Two Holding, LLC                             | 100% by HHLP                                                      | DE                                            |
| HHLP Norwood Associates, LLC                                | 99% by HHLP                                                       | MA                                            |
|                                                        | 1% by HHLP Norwood Managing Member, LLC                           |                                          |
| 44 Norwood Managing Member, LLC                             | 100% by HHLP                                                      | DE                                            |
| 44 Dartmouth, LLC                                           | 100% by 44 New England Management Company                         | DE                                            |
| HHLP Brookhaven Associates, LLC                             | 99.5% by HHLP                                                     | NY                                            |
|                                                        | .5% by 44 Brookhaven, LLC                                         |                                          |
| 44 Brookhaven, LLC                                          | 100% by HHLP                                                      | DE                                            |
| HHLP Hauppauge Associates, LLC                              | 99.5% by HHLP                                                     | NY                                            |
|                                                        | .5% by 44 Hauppauge, LLC                                          |                                          |
| 44 Hauppauge, LLC                                           | 100% by HHLP                                                      | DE                                            |
| 44 Long Island One, LLC                                     | 100% by 44 New England Management Company                         | DE                                            |

----

| Name of Entity                      | Ownership                                 | Jurisdiction of Incorporation or Organization |
|-------------------------------------|-------------------------------------------|-----------------------------------------------|
| 44 Alexandria Hotel, LLC            | 100% by HHLP                              | DE                                            |
| 44 Alexandria Hotel Management, LLC | 100% by 44 New England Management Company | DE                                            |
| 44 Edison Associates, LLC           | 100% by HHLP                              | NJ                                            |
| Brentwood Greenbelt, LLC            | 1% by Hersha Hospitality Greenbelt, LLC   | VA                                            |
|                                | 99% by HHLP                               |                                          |
| Hersha Hospitality Greenbelt, LLC   | 100% by HHLP                              | VA                                            |
| Golden Triangle Greenbelt, LLC      | 74% by Brentwood Greenbelt, LLC           | MD                                            |
|                                | 26% by third parties                      |                                          |
| 44 Greenbelt One, LLC               | 100% by 44 New England Management Company | DE                                            |
| 44 Greenbelt Two, LLC               | 100% by 44 New England Management Company | DE                                            |
| 44 Laurel Associates, LLC           | 100% by HHLP                              | MD                                            |
| Brisam, LLC                         | 100% by HHLP                              | NY                                            |
| 44 Brookline Hotel, LLC             | 100% by HHLP                              | DE                                            |
| 44 Brookline Management, LLC        | 100% by 44 New England Management Company | DE                                            |
| Metro JFK Associates, LLC           | 1% by Metro JFK Managing Member, LLC      | NY                                            |
|                                | 100%by HHLP                               |                                          |
| Metro JFK Managing Member, LLC      | 100% by HHLP                              | NY                                            |
| 44 Metro, LLC                       | 100% by 44 New England Management Company | DE                                            |
| 44 Cambridge Associates, LLC        | 100% by HHLP                              |                                          |
| HHLP Bridgewater Associates, LLC    | 100% by HHLP                              | DE                                            |
| 44 Bridgewater, LLC                 | 100% by 44 New England Management Company | DE                                            |
| HHLP Charlotte Associates, LLC      | 100% by HHLP                              | DE                                            |
| 44 Charlotte, LLC                   | 100% by 44 New England Management Company | DE                                            |
| HHLP Gaithersburg Associates, LLC   | 100% by HHLP                              | DE                                            |
| 44 Gaithersburg, LLC                | 100% by 44 New England Management Company | DE                                            |
| HHLP Pleasant Hill Associates, LLC  | 100% by HHLP                              | DE                                            |
| 44 Pleasant Hill, LLC               | 100% by 44 New England Management Company | DE                                            |
| HHLP Pleasanton Associates, LLC     | 100% by HHLP                              | DE                                            |
| 44 Pleasanton, LLC                  | 100% by 44 New England Management Company | DE                                            |
| HHLP Scottsdale Associates, LLC     | 100% by HHLP                              | DE                                            |
| 44 Scottsdale, LLC                  | 100% by 44 New England Management Company | DE                                            |
| HHLP White Plains Associates, LLC   | 100% by HHLP                              | DE                                            |
| 44 White Plains, LLC                | 100% by 44 New England Management Company | DE                                            |
| HHLP Langhorne Two Associates, LP   | 1% by HHLP Langhorne Two, LLC             | PA                                            |
|                                | 99% by HHLP                               |                                          |

----

| Name of Entity                           | Ownership                                      | Jurisdiction of Incorporation or Organization |
|------------------------------------------|------------------------------------------------|-----------------------------------------------|
| HHLP Langhorne Two, LLC                  | 100% by HHLP                                   | PA                                            |
| Seaport Hospitality, LLC                 | 99% by HHLP                                    | DE                                            |
|                                     | 1% 320 Pearl Street, Inc.                      |                                          |
| 320 Pearl Street, Inc.                   | 100% by 44 New England Management Company      | NY                                            |
| Seaport TRS, LLC                         | 100% by 44 New England Management Company      | DE                                            |
| HHLP Chester Associates, LLC             | 100% by HHLP                                   | NY                                            |
| 44 Chester Management, LLC               | 100% by 44 New England Management Company      | DE                                            |
| The Inn @ Fifth Avenue, LLC              | 99% by HHLP                                    | NY                                            |
|                                     | 1% by HHLP Fifth Avenue Manager, LLC           |                                          |
| HHLP Fifth Avenue Manager, LLC           | 100% by HHLP                                   | DE                                            |
| 44 Hersha Norwich Associates, LLC        | 99% by HHLP                                    | CT                                            |
|                                     | 1% by 44 Norwich Manager, LLC                  |                                          |
| 44 Norwich Manager, LLC                  | 100% by HHLP                                   | DE                                            |
| 44 Norwich, LLC                          | 100% by 44 New England Management Company      | DE                                            |
| 5444 Associates                          | 99% by HHLP                                    | PA                                            |
|                                     | 1% by 44 Duane Street, LLC                     |                                          |
| 44 Duane Street, LLC                     | 100% by HHLP                                   | DE                                            |
| 44 Duane Street Lessee, LLC              | 100% by 44 New England Management Company      | NY                                            |
| Hersha Camp Springs Associates, LLC      | 99% by HHLP                                    | MD                                            |
|                                     | 1% by Hersha Camp Springs Managing Member, LLC |                                          |
| Hersha Camp Springs Managing Member, LLC | 100% by HHLP                                   | MD                                            |
| Hersha Camp Springs Lessee, LLC          | 100% by 44 New England Management Company      | MD                                            |
| HHLP Harrisburg Friendship, LP           | 99% by HHLP                                    | PA                                            |
|                                     | 1% by HHLP Harrisburg Friendship GP, LLC       |                                          |
| HHLP Harrisburg Friendship GP, LLC       | 100% by HHLP                                   | PA                                            |
| 44 Harrisburg Friendship Lessee, LLC     | 100% by 44 New England Management Company      | PA                                            |
| Risingsam Hospitality, LLC               | 99% by HHLP                                    | NY                                            |
|                                     | 1% by Hersha Conduit Associates, LLC           |                                          |
| Hersha Conduit Associates, LLC           | 100% by HHLP                                   | NY                                            |
| HHLP Conduit Lessee, LLC                 | 100% by 44 New England Management Company      | NY                                            |
| 44 Hersha Smithfield, LLC                | 99% by HHLP                                    | RI                                            |
|                                     | 1% by Hersha Smithfield Managing Member, LLC   |                                          |
| Hersha Smithfield Managing Member, LLC   | 100% by HHLP                                   | DE                                            |
| Hersha Smithfield Lessee, LLC            | 100% by 44 New England Management Company      | DE                                            |
| HHLP Smith Street Holding, LLC           | 99% by HHLP                                    | NY                                            |
|                                     | 1% by HHLP Smith Street Managing Member, LLC   |                                          |
| HHLP Smith Street Managing Member, LLC   | 100% by HHLP                                   | NY                                            |
| HHLP Smith Street Associates, LLC        | 100% by HHLP Smith Street Holding, LLC         | NY                                            |
| 44 Smith Street Lessee, LLC              | 100% by 44 New England Management Company      | NY                                            |
| York Street LLC                          | 100% by HHLP York Street, LLC                  | NY                                            |

----

| Name of Entity                        | Ownership                                                                                                                                  | Jurisdiction of Incorporation or Organization |
|---------------------------------------|--------------------------------------------------------------------------------------------------------------------------------------------|-----------------------------------------------|
| HHLP York Street, LLC                 | 100% by HHLP                                                                                                                               | DE                                            |
| York Street Lessee DE, LLC            | 100% by 44 New England Management Company                                                                                                  | DE                                            |
| 44 West Haven Hospitality, LLC        | 100% by HHLP                                                                                                                               | CT                                            |
| Sawmill Three, LLC                    | 99% by HHLP                                                                                                                                | CT                                            |
|                                  | 1% by 44 West Haven Hospitality, LLC                                                                                                       |                                          |
| Sawmill Lessee, LLC                   | 100% by 44 New England Management Company                                                                                                  | DE                                            |
| 44 Carlisle Associates                | 1% by Hersha Hospitality, LLC                                                                                                              | PA                                            |
|                                  | 99% by HHLP                                                                                                                                |                                          |
| PRA Glastonbury Management, LLC       | 100% by HHLP                                                                                                                               | CT                                            |
| PRA Glastonbury, LLC                  | 1% by PRA Glastonbury Management, LLC                                                                                                      | CT                                            |
|                                  | 99% by HHLP                                                                                                                                |                                          |
| Hersha PRA TRS, Inc.                  | 100% by PRA Glastonbury, LLC                                                                                                               | DE                                            |
| HHLP Duo One Associates, LLC          | 100% by HHLP                                                                                                                               | NY                                            |
| HHLP Duo Two Associates, LLC          | 100% by HHLP                                                                                                                               | NY                                            |
| LTD Associates One, LLC               | 75% by HHLP                                                                                                                                | VA                                            |
|                                  | 25% by third parties                                                                                                                       |                                          |
|                                  | 0% by LTDO, LLC                                                                                                                            |                                          |
| LTDO, LLC                             | 75% by HHLP                                                                                                                                | VA                                            |
|                                  | 25% by third parties                                                                                                                       |                                          |
| HT LTD Williamsburg, LLC              | 75% by 44 New England Management Company                                                                                                   | DE                                            |
|                                  | 25% by third parties                                                                                                                       |                                          |
| LTD Associates Two, LLC               | 75% by HHLP                                                                                                                                | VA                                            |
|                                  | 25% by third parties                                                                                                                       |                                          |
|                                  | 0% by LTDT, LLC                                                                                                                            |                                          |
| LTDT, LLC                             | 75% by HHLP                                                                                                                                | VA                                            |
|                                  | 25% by third parties                                                                                                                       |                                          |
| HT LTD Williamsburg Two, LLC          | 75% by 44 New England Management Company                                                                                                   | DE                                            |
|                                  | 25% by third parties                                                                                                                       |                                          |
| Inn America Hospitality at Ewing, LLC | 50% by HHLP                                                                                                                                | NJ                                            |
|                                  | 50% by third parties                                                                                                                       |                                          |
| HT Inn America TRS, Inc.              | 100% Inn America Hospitality at Ewing, LLC                                                                                                 | DE                                            |
| SB Partners, LLC                      | 49.9% by HHLP Boston Two, LLC                                                                                                              | MA                                            |
|                                  | 50.1% by third parties                                                                                                                     |                                          |
| HHLP Boston Two, LLC                  | 100% by HHLP                                                                                                                               | MA                                            |
| South Bay Sandeep, LLC                | 100% by SB Partners, LLC                                                                                                                   | MA                                            |
| Hiren Boston, LLC                     | 49.9% by HHLP Boston One, LLC                                                                                                              | MA                                            |
|                                  | 50.1% by third parties                                                                                                                     |                                          |
| HHLP Boston One, LLC                  | 100% by HHLP                                                                                                                               | MA                                            |
| South Bay Boston, LLC                 | 49.9% by 44 New England Management Company                                                                                                 | DE                                            |
|                                  | 50.1% by third parties                                                                                                                     |                                          |
| Metro 29th Street Associates, LLC     | 50% by H Metro Delaware, LLC                                                                                                               | NY                                            |
|                                  | 50% by third party                                                                                                                         |                                          |
| H Metro Delaware, LLC                 | 100% by HHLP                                                                                                                               | DE                                            |
| Metro 29th Sublessee, LLC             | 50% by 44 New England Management Company                                                                                                   | NY                                            |
|                                  | 50% by third party                                                                                                                         |                                          |
| Mystic Partners, LLC                  | Varying Percentages (based on certain assets owned by Mystic Partners, LLC) by HHLP and by third parties                                   | DE                                            |
| Mystic Partners Leaseco, LLC          | Varying Percentages (based on certain assets owned by Mystic Partners Leaseco, LLC) by 44 New England Management Company and third parties | DE                                            |
| Mystic Special Purpose Corp.          | 100% by Mystic Partners, LLC                                                                                                               | DE                                            |

----

| Name of Entity                            | Ownership                                   | Jurisdiction of Incorporation or Organization |
|-------------------------------------------|---------------------------------------------|-----------------------------------------------|
| 315 Trumbull Street Associates, LLC       | 88% by Mystic Partners, LLC                 | CT                                            |
|                                      | 12% by a third party                        |                                          |
| HT-315 Trumbull Street Associates, LLC    | 88% by Mystic Partners Leaseco, LLC         | DE                                            |
|                                      | 12% by a third party                        |                                          |
| Adriaen’s Landing Hotel, LLC        | 95.622% by Mystic Partners, LLC             | CT                                            |
|                                      | 0.651% by HHLP                              |                                          |
|                                      | 3.687% by a third party                     |                                          |
| HT-Adriaen’s Landing Hotel TRS, LLC | 95.662% by Mystic Partners Leaseco, LLC     | DE                                            |
|                                      | 0.651% by 44 New England Management Company |                                          |
|                                      | 3.687% by a third party                     |                                          |
| Danbury Suites, LLC                       | 99% by Mystic Partners, LLC                 | CT                                            |
|                                      | 1% by Mystic Special Purpose Corp.          |                                          |
| HT-Danbury Suites TRS, LLC                | 99% by Mystic Partners Leaseco, LLC         | DE                                            |
|                                      | 1% by Mystic Special Purpose Corp.          |                                          |
| Waterford Suites, LLC                     | 99% by Mystic Partners, LLC                 | CT                                            |
|                                      | 1% by Mystic Special Purpose Corp.          |                                          |
| HT-Waterford Suites TRS, LLC              | 99% by Mystic Partners Leaseco, LLC         | DE                                            |
|                                      | 1% by Mystic Special Purpose Corp.          |                                          |
| Warwick Lodgings, LLC                     | 99% by Mystic Partners, LLC                 | CT                                            |
|                                      | 1% by Mystic Special Purpose Corp.          |                                          |
| HT-Warwick Lodgings TRS, LLC              | 99% by Mystic Partners Leaseco, LLC         | DE                                            |
|                                      | 1% by Mystic Special Purpose Corp.          |                                          |
| Norwich Hotel, LLC                        | 99% by Mystic Partners, LLC                 | CT                                            |
|                                      | 1% by Mystic Special Purpose Corp.          |                                          |
| HT-Norwich Hotel TRS, LLC                 | 99% by Mystic Partners Leaseco, LLC         | DE                                            |
|                                      | 1% by Mystic Special Purpose Corp.          |                                          |
| Whitehall Mansion Partners, LLC           | 100% by Mystic Partners, LLC                | CT                                            |
| HT-Whitehall Mansion Partners TRS, LLC    | 100% by Mystic Partners Leaseco, LLC        | DE                                            |
| Southington Suites, LLC                   | 66% by Mystic Partners, LLC                 | CT                                            |
|                                      | 1% by Mystic Special Purpose Corp.          |                                          |
|                                      | 33% by a third party                        |                                          |
| HT-Southington Suites TRS, LLC            | 66% by Mystic Partners Leaseco, LLC         | DE                                            |
|                                      | 1% by Mystic Special Purpose Corp.          |                                          |
|                                      | 33% by a third party                        |                                          |
| 790 West Street, LLC                      | 67% by Mystic Partners, LLC                 | CT                                            |
|                                      | 33% by a third party                        |                                          |
| Exit 88 Hotel, LLC                        | 99.9% by Mystic Partners, LLC               | CT                                            |
|                                      | 0.1% by Mystic Special Purpose Corp.        |                                          |
| HT-Exit 88 Hotel TRS, LLC                 | 100% by Mystic Partners Leaseco, LLC        | DE                                            |
| H Eighth Avenue Associates, LLC           | 100% by HHLP                                | NY                                            |
| H Nevins Street Associates, LLC           | 99% by HHLP                                 | NY                                            |
|                                      | 1% by HHLP Nevins Street Manager, LLC       |                                          |
| HHLP Nevins Street Manager, LLC           | 100% by HHLP                                | NY                                            |
| HHLP Malvern Associates 2,LP              | 99% by HHLP                                 | PA                                            |
|                                      | 1% by HHLP Malvern 2, LLC                   |                                          |
| HHLP Malvern 2, LLC                       | 100% by HHLP                                | PA                                            |
| HHLP Duo One Associates, LLC              | 100% by HHLP                                | NY                                            |
| HHLP Duo Two Associates, LLC              | 100% by HHLP                                | NY                                            |
| 44 Hartford Associates, LLC               | 100% by HHLP                                | CT                                            |

----

| Name of Entity                 | Ownership                                       | Jurisdiction of Incorporation or Organization |
|--------------------------------|-------------------------------------------------|-----------------------------------------------|
| 44 Aarti Associates, LP        | 1% by HH LLC                                    | PA                                            |
|                           | 99% by HHLP                                     |                                          |
| Hersha PRA, LLC                | 52% by Joseph Pacitti                           | DE                                            |
|                           | 48% by 44 New England Management Company        |                                          |
| PRA Suites At Glastonbury, LLC | 48% by HHLP                                     | CT                                            |
|                           | 51% by Joseph Pacitti                           |                                          |
|                           | 1% by PRA Suites at Glastonbury Management, LLC |                                          |
| 44 Frederick Associates, LP    | 1% by HH LLC                                    | PA                                            |
|                           | 99% by 3044 Associates, LP                      |                                          |
| 3044 Associates, LP            | 1% by HH LLC                                    | PA                                            |
|                           | 99% by HHLP                                     |                                          |

----