Opening Announcement: The Duane Street Hotel

NEW YORK, Jan. 7 /PRNewswire/ -- Known for cobblestone streets, historic warehouse buildings, art galleries and award-winning restaurants, Tribeca is one of New York's most stylish neighborhoods. With the opening of the Duane Street Hotel (130 Duane Street at Church Street; 212-964-4600) on December 27, 2007, Manhattan's visitors can be in the heart of the landmark neighborhood while experiencing all the upscale comforts of a metropolitan home.

With 45 rooms, the six-story hotel evokes the unique style of Manhattan's fashionable loft living, complete with clean modern decor. Designed by architectural firm Gene Kaufman Associates and renowned interior designer Paul Vega, the Hersha Hospitality Management property integrates the unique character of Tribeca with the needs of sophisticated travelers.

"Our mission at the Duane Street Hotel is to provide timeless comfort, superior service and incomparable courtesy to create an unforgettable guest experience," says Jeffrey M. Stegman, general manager. "We have designed a neighborhood-scale hotel that makes each guest feel at home in one of the chicest areas of the City."

Each room features custom-designed residential furniture, natural wood, slate bathrooms with chrome and marble fixtures. Amenities include a work desk, high-speed and WiFi Internet access, and 32-inch plasma TV with premium cable. Both queen and king-size guest beds are outfitted with European cotton linens, luxurious duvet comforters and a state-of-the-art pillow-top mattress with washable hygienic liner. Three room sizes -- Superior, Deluxe and Executive -- are soothingly appointed in shades of pale yellow and blonde wood (Superior) and gentle lilac and cherry wood (Executive and Deluxe).

Additional amenities provided by neighborhood boutiques highlight the splendors of Tribeca -- including in-room spa services and access to award- winning cuisine for in-room dining. In addition, the Duane Street Hotel is home to 'beca Restaurant.

Room rates begin at $300. For more information, visit www.duanestreethotel.com or call 212-964-4600.

About Hersha Hospitality Management

Hersha Hospitality Management provides asset management services at 14 properties and hotel management services at over 50 upscale and mid-scale hotels in the most valuable markets in the nation. Hersha Hospitality Management provides turnkey hotel management and asset management for properties with leading brand affiliations through Marriott, Starwood, Hilton and Intercontinental. Our highly experienced team is accustomed to serving as a fiduciary to publicly traded companies, joint ventures, institutional real estate owners and private investors.