Hersha Hospitality Trust Investor Presentation — June 2021

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Investor Presentation

Parrot Key Hotel & Villas, Key West, FLTABLE OF CONTENTS

The Sanctuary Beach Resort, Monterey, CAEarly Signs of Recovery

The Envoy, Boston SeaportQuarter -To-Date Trends Remain Robust

Portfolio absolute RevPAR meaningfully improved through the spring asour portfolio generated $116

RevPAR inMay, 14%higher than April and 23%higher than March

✓Our South Florida portfolio generated 78%occupancy and ~$300 ADR during May with absolute RevPAR

exceeding ourforecast by~12.5%

Our aggressive cost containment strategies ledtostrong performance and significant savings inApril

✓40%GOP margin forcomparable portfolio

✓$4.2million inabsolute EBITDA generation forresort portfolio

✓41%weighted average EBITDA margin forresort portfolio

Our Resort portfolio hasgenerated strong results second quarter todate asofMay, highlighted by:

Occupancy ADR Growth RevPAR Growth

The Parrot Key Hotel & Villas 90% 54% 75%

The Cadillac Hotel & Beach Club 80% 9% 27%

The Sanctuary Beach Resort 79% 46% 29%

The Hotel Milo 76% 30% 18%

Annapolis Waterfront Hotel 73% 7% 1%Portfolio Improvement Continues in May

During May, our 33comparable hotels generated 55.1%occupancy and anaverage daily rate of

$210.85.Despite very minimal business transient and group demand across theportfolio, rates inMay

actualized less than 20%below May 2019 levels

InApril, 28ofour 33comparable hotels broke even onthe GOP line with 19achieving EBITDA

breakeven levels, a36%increase inproperties reaching EBITDA breakeven versus January

| Page 5$179.8$192.9$217.4

$91.9$107.4$123.3 51.1%55.7%56.7%

30%35%40%45%50%55%60%65%70%

$0$30$60$90$120$150$180$210$240

02/20 02/27 03/06 03/13 03/20 03/27 04/03 04/10 04/17 04/24 05/01 05/08 05/15 05/22 05/29Hersha’s Open Hotels Weekly Performance

ADR RevPAR Occupancy| Page 6Multiple Segments of Traveler Returning

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