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Homewood Suites By Hilton Opens Hotel In Newtown, Pa

Hersha Hospitality Management to Serve as Third Party Manager

MCLEAN, Va., Jan. 26, 2010 – Homewood Suites by Hilton, the international brand of all-suite, residential-style hotels, today announced the opening of its first extended stay property in Bucks County, the Homewood Suites by Hilton in Newtown/Bucks County, PA. The four-story, 104-suite hotel, developed by Reese Hotels, is owned by Pheasant Run Hotels who selected Hersha Hospitality Management as its third party hotel manager.

"We are delighted to serve as third party managers to launch this beautiful new purpose-built hotel to meet the extended stay needs of upscale guests to Bucks County,” said Naveen Kakarla, Hersha Executive Vice President. “The Homewood Suites Newtown is our fourth hotel opening this year and the sixth hotel under our stewardship in the Greater Princeton and Bucks County regions."

Homewood Suites by Hilton Newtown offers studio, one- and two-bedroom suites. Additional guest amenities include a daily complimentary Suite Start hot breakfast in the hotel’s hospitality center—the “Lodge”—a Welcome Home reception featuring a complimentary light meal and beverages Monday-Thursday evenings, an executive business center, and a 24-hour on-site pantry. The hotel also offers an indoor pool, landscaped courtyard with barbeque area, PreCor fitness center, and nearly 1,700 square feet of flexible meeting space.

“Whether traveling alone for business or with the entire family, we will indulge our guests in the comforts of home at Homewood Suites by Hilton Newtown,” said hotel General Manager Brian Walsh, who has been in the hospitality industry for 10 years. “We offer a great value with standard amenities such as fully equipped kitchens, complimentary high-speed Internet access, and separate living and sleeping areas.”

Located at 110 Pheasant Run in Newtown, the hotel is located near the intersection of I-95 and PA-322W, just 35 minutes from Philadelphia and 15 minutes from Trenton, NJ. Nearby businesses and organizations include Lockheed Martin, Merrill Lynch, Bristol Myers Squibb, and St. Mary’s Medical Center. The property is situated near a variety of shopping, restaurant and entertainment options, is just 40 minutes from PHL airport, and within a short drive of the downtown centers of Philadelphia and Trenton.

Launched in 1989, the Homewood Suites by Hilton brand today has more than 285 hotels open with approximately 120 in the development pipeline. Beyond its spacious suites and home-like amenities, additional guest features include an on-site Suite Shop convenience store, complimentary grocery shopping services*, a complete business center, and laundry services at most locations. The innovative brand is a guest favorite among both business and leisure travelers, consistently taking the top spot on key satisfaction studies. Homewood Suites by Hilton has been named “Best Value Hotel Chain” by Zagat Survey for three consecutive years (2007-2009) and placed number one in the Upscale Extended Stay Hotel category in Business Travel News 2008 hotels rankings by corporate travel buyers.

To make reservations at a Homewood Suites by Hilton hotel, travelers can visit the Homewood Suites Web site at homewoodsuites.com or call 1-800-CALL-HOME. For more information on consumer programs, visit the brand’s guest portal at SuiteLiving.com. Homewood Suites by Hilton participates in Hilton HHonors, the only hotel rewards program that offers Points & Miles and No Blackout Dates.

Hilton Worldwide is the leading global hospitality company, spanning the lodging sector from luxurious full-service hotels and resorts to extended-stay suites and mid-priced hotels. For 90 years, Hilton Worldwide has been offering business and leisure travelers the finest in accommodations, service, amenities and value. The company is dedicated to continuing its tradition of providing exceptional guest experiences across its global brands. Our brands are comprised of more than 3,500 hotels in 81 countries and include Waldorf Astoria Hotels & Resorts, Conrad Hotels & Resorts, Hilton, Doubletree, Embassy Suites Hotels, Hilton Garden Inn, Hampton Inn & Suites, Homewood Suites by Hilton, Home2 Suites by Hilton and Hilton Grand Vacations. The company also manages the world-class guest reward program Hilton HHonors®. For more information about the company, please visit www.hiltonworldwide.com.

About Hersha Hospitality Management

Hersha Hospitality Management currently operates approximately 70 hotels in the nation’s leading markets, including six hotels in the Princeton-Trenton corridor in New Jersey. The company provides turnkey hotel management and asset management for properties with leading brand affiliations, including Hilton, Starwood, Marriott, Hyatt, and InterContinental Hotel Group, and a newly launched “Independent Collection” (www.independentcollection.com). Including hotels under construction, HHM operates hotels under 20 brands. The company’s clients include publicly traded companies, joint ventures, institutional real estate owners and private investors. Additional information about HHM may be found at www.hershahotels.com.

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*Guest pays for groceries. Other restrictions apply.

Hilton HHonors®, Double Dip® and Double Dipping® are trademarks owned by Hilton HHonors Worldwide, LLC. Hilton HHonors membership, earning of Points & Miles®, and redemption of points are subject to HHonors Terms and Conditions.

CONTACT:
Brad Carmony
Homewood Suites Brand Communications
901-374-6518
Brad.Carmony@hilton.com

Naveen P. Kakarla
Hersha Hospitality Management
Executive Vice President
215-238-1046