Hersha Hospitality Trust Selects AspirEnergy for LED Retrofit

SOUTH PLAINFIELD, N.J. - Oct. 19, 2015 - PRLog -- Hersha Hospitality Trust  selected AspirEnergy, a NJ-based Energy Services Company, to implement energy efficient solutions across its portfolio of hotels.  Hersha’s partnership with AspirEnergy to implement LED lighting throughout its hotels demonstrates Hersha’s continued dedication to its EarthView^®program.  This initiative will contribute to Hersha's triple bottom line approach to sustainable hospitality, reducing the company's carbon footprint by over 3,000 tons and saving an estimated $1.25 million in energy, maintenance and HVAC costs and incentives in the first year of implementation.

LED lighting will be implemented across Hersha’s portfolio, which currently consists of hotel properties located in Boston, New York, Philadelphia, Washington, DC, Miami and the West Coast.  Hersha’s portfolio is a mix of independent and branded properties with affiliations such as Marriott International, Hilton Hotels, Starwood Hotels, Hyatt Hotels and InterContinental Hotel Group.

"We are excited to partner with Hersha as our company philosophy aligns with Hersha’s EarthView^® program, philosophy, approach and strategy," says Rishi Shah, co-founder and one of AspirEnergy's Managing Members.  "This partnership highlights that others can implement portfolio-wide, energy-efficient solutions with both ease and effectiveness with partners like us."

AspirEnergy coordinated the LED retrofit for 30 of Hersha’s hotels across eight states along the East Coast of the United States over the last six months with additional retrofits scheduled for the remainder of 2015.

AspirEnergy is a full service Energy Services Company that specializes in prescribing and implementing energy efficient and renewable energy solutions to lower operating costs and maximize return on investment.  It focuses on return on investment for its clients with the maximization of government and utility incentives while keeping the customer experience at the forefront of its recommendations.  Learn more about AspirEnergy at www.aspirenergy.com.

Hersha Hospitality Trust (HT) is a self-advised real estate investment trust in the hospitality sector, which owns and operates high quality upscale hotels in urban gateway markets. The Company's 52 hotels totaling 8,414 rooms are located in New York, Boston, Philadelphia, Washington, DC, Miami and select markets on the West Coast and South Florida. The Company's shares are traded on The New York Stock Exchange under the ticker “HT”.