Jay H. Shah has been named chief executive officer of Hersha Hospitality Trust, Philadelphia, replacing the retiring Hasu P. Shah, who will remain chairman of the real estate investment trust.Jay Shah, currently the REIT's president and chief operating officer, was also elected to its board of trustees and will be replaced as president and COO by Neil H. Shah, the company reported. Hersha can be found on the Web at http://www.hersha.com.

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