People: Hersha Hospitality Trust (HT)

Summary

Name	Age	Since	Current Position
Hasu Shah	67	2005	Chairman of the Board of Trustee
Neil Shah	38	2006	President, Chief Operating Officer
Jay Shah	43	2006	Chief Executive Officer, Trustee
Ashish Parikh	42	2011	Chief Financial Officer, Assistant Secretary
Michael Gillespie	39	2011	Chief Accounting Officer, Controller, Assistant Secretary
David Desfor	51	2007	Treasurer, Corporate Secretary
Donald Landry	63	2011	Lead Independent Trustee
Thomas Hutchison	71	2008	Independent Trustee
Michael Leven	75	2012	Trustee
Dianna Morgan	61	2010	Independent Trustee
Kiran Patel	62	2007	Independent Trustee
John Sabin	56	2003	Independent Trustee

» Insider Trading

Biographies

Name	Description
Hasu Shah	Mr. Hasu P. Shah has been the Chairman of the Board of Trustees of Hersha Hospitality Trust. He has been the Chairman of the Board and a Class II Trustee since the Company’s inception in May 1998 and was the Company’s Chief Executive Officer until his retirement in 2005. Mr. Shah is also the founder and Chief Executive Officer of the Hersha Group. Mr. Shah founded the Hersha Group with the purchase of a single hotel in Harrisburg, Pennsylvania in 1984. In the last 25 years, Mr. Shah has developed, owned, or managed over 50 hotels across the Eastern United States and started affiliated businesses in general construction, purchasing, and hotel management. He has earned numerous awards, including the Entrepreneur of the Year award given by Ernst & Young LLP. Mr. Shah has been recognized for his philanthropic work through numerous awards. He received the Creating a Voice award, instituted by Project IMPACT, which honors South Asian-American community leaders who have made a positive and tremendous impact on the United States. He also received an honorary Doctorate of Public Service (DPS) Degree from Harrisburg Area Community College. Mr. Shah has been an active Rotarian for nearly 25 years and continues to serve as a trustee of several community service and spiritual organizations including Vraj Hindu Temple and the India Heritage Research Foundation. Mr. Shah received a bachelors of science degree in chemical engineering from Tennessee Technical University and obtained a masters degree in administration from Pennsylvania State University, which named him as a Fellow. Mr. Shah is also an alumnus of the Owner and President’s Management program at Harvard Business School.
Neil Shah	Mr. Neil H. Shah was named President and Chief Operating Officer of Hersha Hospitality Trust since January 1, 2006. Mr. Shah has lead the Company’s hotel acquisitions, development, and asset management platforms since 2000. Prior to Hersha, Mr. Shah served as a Director and Consultant with The Advisory Board Company and the Corporate Executive Board, strategy research firms based in Washington D.C. Mr. Shah has also worked with the Phipps Foundation in New York City contributing to urban renewal projects in New York City. Mr. Shah earned a Bachelor of Arts in Political Science and a Bachelor of Science in Management both with honors from the University of Pennsylvania and the Wharton School. He earned his MBA from the Harvard Business School. He serves on the Corporate Council for the National Constitution Center, the Barnes Foundation, and is a research sponsor at the Wharton Real Estate Center in Philadelphia. He is also a member of the Board of Directors of the Educational Foundation Institute and the Institutional Real Estate Finance Advisory Council (IREFAC) of the American Hotel & Lodging Association. Mr. Shah is an active supporter of the United Way Worldwide and a Director of its Leadership Council for India.
Jay Shah	Mr. Jay H. Shah was named Chief Executive Officer and a Trustee of Hersha Hospitality Trust since January 1, 2006. Prior thereto, Mr. Shah had served as the Company’s President and Chief Operating Officer since September 3, 2003. Until September 2003, Mr. Shah was a principal in the law firm of Shah & Byler, LLP, which he founded in 1997, and managing director of the Hersha Group. Mr. Shah previously was a consultant with Coopers & Lybrand LLP, served the late Senator John Heinz on Capitol Hill, and was employed by the Philadelphia District Attorney’s office and two Philadelphia-based law firms. Mr. Shah received a bachelor of science degree from the Cornell University School of Hotel Administration, a masters degree from the Temple University School of Business Management and a law degree from Temple University School of Law.
Ashish Parikh	Mr. Ashish R. Parikh has been Chief Financial Officer, Assistant Secretary of Hersha Hospitality Trust. Prior to joining the Company, Mr. Parikh was an Assistant Vice President in the Mergers and Acquisition Group for Fleet Financial Group. Mr. Parikh has also been employed by Tyco International, Ltd. and practiced as a Certified Public Accountant with Ernst & Young LLP. Mr. Parikh received his M.B.A. from The Stern School of Business at New York University and a B.B.A. from the University of Massachusetts at Amherst. Mr. Parikh is currently a board member of the Philadelphia Real Estate Council and a member of the Real Estate Capital Policy Advisory Committee of the Real Estate Roundtable.
Michael Gillespie	Mr. Michael R. Gillespie is the Chief Accounting Officer, Controller, Assistant Secretary of Hersha Hospitality Trust. Gillespie has served as the Company’s Chief Accounting Officer since 2005. Prior to joining Hersha Hospitality Trust, Mr. Gillespie was Manager of Financial Policy & Controls for Tyco Electronics Corporation, a global manufacturer of electronic components where he played a key role in developing the company’s Sarbanes-Oxley compliance program. He has also been a Senior Manager in the Audit and Assurance Practice at KPMG, LLP and Experienced Manager in the Audit and Business Advisory Practice at Arthur Andersen LLP. Mr. Gillespie received his business administration bachelors degree in accounting from Bloomsburg University of Pennsylvania. Mr. Gillespie is a licensed Certified Public Accountant. Mr. Gillespie is currently a member of the Tax Policy Advisory Committee of the Real Estate Roundtable.
David Desfor	Mr. David L. Desfor is the Treasurer, Corporate Secretary of Hersha Hospitality Trust. He Previously, Mr. Desfor had been a principal and comptroller of the Hersha Group since 1992. Mr. Desfor previously co-founded and served as President of a hotel management company focused on conference centers and full service hotels. Mr. Desfor earned his undergraduate degree from East Stroudsburg University in Hotel Administration.
Donald Landry	Mr. Donald J. Landry is a Lead Independent Trustee of Hersha Hospitality Trust since April 2001. Mr. Landry has over 40 years of lodging and hospitality experience in a variety of leadership positions. Most recently, from 1998 to 2001, Mr. Landry was the Chief Executive Officer, President and Vice Chairman of Sunburst Hospitality Inc. Mr. Landry has also served as President of Choice Hotels International, Inc. (from 1996 to 1998), Manor Care Hotel Division (from 1992 to 1996) and Richfield Hotel Management (from 1989 to 1991). In February 2012, Mr. Landry was appointed to the Board of Directors of Supertel Hospitality, Inc., where he serves as the Chairman of the Investment Committee. Mr. Landry currently serves on the corporate advisory boards of Unifocus, Campo Architects, Revenue Performance Interactive, Windsor Capital Group and numerous nonprofit boards. Mr. Landry is a frequent guest lecturer at Johnson and Wales University and the University of New Orleans. Mr. Landry holds a bachelor of science from the University of New Orleans, which awarded him Alumnus of the Year in 1999. Mr. Landry is a Certified Hotel Administrator.
Thomas Hutchison	Mr. Thomas J. Hutchison III, has been appointed as Independent Trustee of Hersha Hospitality Trust since September 2009. During that same time period, Mr. Hutchison held various other executive officer positions with companies affiliated with CNL Hotels, including but not limited to President and Chief Executive Officer of CNL Hotel Investors, Inc. and Chief Executive Officer of CNL Income Properties, Inc. Since April 2007, Mr. Hutchison has served as a consultant with Hutchison Advisors, Inc., a real estate services company, and, since October 2008, he has served as Chairman of Legacy Healthcare Advisors, LLC, a specialized real estate services group. In October 2011, Mr. Hutchison was appointed to the Board of Directors of Marriott Vacations Worldwide Corporation (“Marriott Vacations”), where he serves as member of that board’s Audit, Nominating and Corporate Governance and Compensation Committees, including as the Chair of its Compensation Committee. Mr. Hutchison is currently a director for, KSL Capital Partners LLC, ClubCorp, Inc., U.S. Chamber of Commerce, Vision360, and The Trinity Forum and was formerly a director for ING DIRECT USA. He is also a member of The Real Estate Roundtable, Leadership Council for Communities in Schools, Advisory Council of the Erickson School of Aging Studies and serves on the Advisory Editorial Board of GlobalHotelNetwork.com. Additionally, he serves as a senior advisor to various service industry public companies. Mr. Hutchison attended Purdue University and the University of Maryland Business School.
Michael Leven	Mr. Michael A. Leven is Trustee of Hersha Hospitality Trust. Mr. Leven is President and Chief Operating Officer of the Las Vegas Sands Corporation. From 2007 until March 2009, he served as Chief Executive Officer of the Georgia Aquarium. He has also been the Vice Chairman of the Marcus Foundation, a philanthropic organization founded by Bernie Marcus, co-founder of The Home Depot, Inc, since 2001. From 1995 to December 2006 Mr. Leven was the Chairman and Chief Executive Officer of US Franchise Systems, Inc. (USFS), which franchises the Microtel Inn & Suites and Hawthorn Suites hotel brands. Prior to forming USFS in 1995, he was president and chief operating officer of Holiday Inn Worldwide. During his five-year tenure, Mr. Leven oversaw the launch and growth of the new Holiday Inn Express brand. From 1985 to 1990, Mr. Leven was president of Days Inn of America. Mr. Leven led Days Inn through a reorganization resulting in growth from a regional chain to one of the brands in the world. Mr. Leven is a co-founder of the Asian American Hotel Owners Association (AAHOA) which now has over 7,000 members. Mr. Leven serves on the boards of The Marcus Institute, the Las Vegas Sands Corporation and the Georgia Aquarium. Mr. Leven holds a Bachelor of Arts from Tufts University and a Master of Science from Boston University.
Dianna Morgan	Ms. Dianna F. Morgan has been appointed as the Independent Trustee of Hersha Hospitality Trust. She retired in 2001 from a long career with the Walt Disney World Company, where she served as Senior Vice President of Public Affairs and Human Resources. She also oversaw the Disney Institute — a leader in experiential training, leadership development, benchmarking and cultural change for business professionals around the world. In addition, Ms. Morgan is the immediate past Chair and is a past member of the Board of Trustees for the University of Florida. She was originally appointed to the University of Florida Board of Trustees in 2001. Ms. Morgan currently serves on the Board of Directors of Chesapeake Utilities Corp., where she is a member of the Compensation Committee, and the Board of Directors of CNL Bancshares, Inc. Ms. Morgan previously served on the Board of Directors of CNL Hotels & Resorts, Inc. Ms. Morgan is a member of the Board of Directors of Orlando Health (formerly Orlando Regional Healthcare System) and serves as Chair of the national board for the Children’s Miracle Network. Ms. Morgan received her Bachelor of Arts degree in organizational communications from Rollins College.
Kiran Patel	Mr. Kiran P. Patel has served as an Independent Trustee of Hersha Hospitality Trust since May 2007. He served as the Company’s Corporate Secretary from 1998 to April 2007 and has been a principal of the Hersha Group since 1993. Prior to 1993, Mr. Patel was employed by AMP Incorporated an electrical component manufacturer, in Harrisburg, Pennsylvania. Mr. Patel serves on boards of directors for community service organizations. Mr. Patel received a bachelor of science degree in mechanical engineering from M.S. University of India and obtained a masters of science degree in industrial engineering from the University of Texas in Arlington.
John Sabin	Mr. John M. Sabin is Independent Trustee of Hersha Hospitality Trust since June 2003. He has been the Executive Vice President and Chief Financial Officer of Revolution LLC as well as the Chief Financial Officer of The Stephen Case Foundation and the Case Family Office. Previously he was the Chief Financial Officer and General Counsel of Phoenix Health Systems, Inc. a private healthcare information technology outsourcing and consulting firm, from October 2004 to May 2011. Mr. Sabin was the Chief Financial Officer, General Counsel and Secretary of NovaScreen Biosciences Corporation, a private bioinformatics and contract research biotech company (acquired by Caliper Life Sciences) from January 2000 to October 2004. Prior to joining NovaScreen, Mr. Sabin served as a finance executive with Hudson Hotels Corporation, Vistana, Inc., Choice Hotels International, Inc., Manor Care, Inc. and Marriott International, Inc. all of which were public companies at the time of his service. In his professional life Mr. Sabin has had commercial lease experience with a national law firm, transactional real estate experience with national hospitality and health care firms, commercial real estate financing experience, IPO experience, as well as experience as an audit committee and board member of five other public companies (including Competitive Technologies Corporation from 1996 to 2007, North American Scientific, Inc. from 2005 to 2010, Prime Group Realty Trust from 2005 to current and Supertel Hospitality, Inc. from 2012 to current). Mr. Sabin has received Bachelor of Science degrees in Accounting and in University Studies; a Masters of Accountancy and a Masters in Business Administration from Brigham Young University, and he also received a Juris Doctor from the J. Reuben Clark Law School at Brigham Young University. Mr. Sabin is a licensed CPA and is admitted to the bar in several states.

Basic Compensation

Name	Fiscal Year Total
Hasu Shah	670,306
Neil Shah	2,830,700
Jay Shah	2,876,270
Ashish Parikh	1,307,940
Michael Gillespie	623,416
David Desfor	--
Donald Landry	--
Thomas Hutchison	--
Michael Leven	--
Dianna Morgan	--
Kiran Patel	--
John Sabin	--

As Of 30 Dec 2011

Options Compensation

Name	Options	Value
Hasu Shah	43,700	0
Neil Shah	0	0
Jay Shah	0	0
Ashish Parikh	20,864	0
Michael Gillespie	0	0
David Desfor	0	0
Donald Landry	0	0
Thomas Hutchison	0	0
Michael Leven	0	0
Dianna Morgan	0	0
Kiran Patel	20,864	0
John Sabin	0	0

Insider Trading

Name	Shares Traded	Price
PARIKH ASHISH R	97,300	$5.88
SHAH NEIL H	68,311	$5.91
SHAH NEIL H	22,089	$5.91
SHAH NEIL H	50,000	$5.86
SHAH NEIL H	9,600	$5.90
SHAH JAY H	14,268	$5.89
SHAH JAY H	23,411	$5.90
PARIKH ASHISH R	27,700	$5.95
SHAH JAY H	33,911	$5.89
SHAH HASU P	88,174	$0.00
GILLESPIE MICHAEL R	37,344	$0.00
SHAH NEIL H	1,063,830	$0.00
PARIKH ASHISH R	93,361	$0.00
GILLESPIE MICHAEL R	126,330	$0.00
SHAH HASU P	398,936	$0.00
GILLESPIE MICHAEL R	40,000	$5.97
SHAH NEIL H	280,083	$0.00
SHAH JAY H	280,083	$0.00
SHAH JAY H	1,063,830	$0.00
PARIKH ASHISH R	398,936	$0.00
SHAH JAY H	100,000	$5.93
PATEL KIRAN P	5,900	$5.55
SABIN JOHN M	6,700	$0.00
LANDRY DONALD J	20,379	$0.00
PATEL KIRAN P	6,700	$0.00

» Full list on Insider Trading

People: Hersha Hospitality Trust (HT)

Related Topics:

Summary

Biographies

Basic Compensation

Options Compensation

Related Topics: