Hersha Hospitality Trust announced that as part of the planned succession, the Board has selected Chief Executive Officer Jay H. Shah to become Executive Chairman of the Board, and President and Chief Operating Officer Neil H. Shah to become President and CEO and join the Board of Trustees, both appointments to be effective as of January 1, 2023. Neil has proven to be a thoughtful and dedicated leader, particularly in navigating the challenges presented by the pandemic, and the Board and I are confident he is the right person to lead the Company in this exciting next chapter.