SPECIAL REPORT
Family
PLAN
CORPORATE HOTELIER OF THE WORLD JAY SHAH LEADS HERSHA HOSPITALITY TRUST WITH A SENSE OF DIGNITY AND DEDICATION TO RIGOR , ROOTED IN FAMILY VALUES .
By JEFF WEINSTEIN , EDITOR IN CHIEF
Jay Shah likes to tell a story about when he was in third grade in the 1970s , riding in the front seat with his father heading to auctions near Harrisburg , Pennsylvania , to buy foreclosed home mortgages . He would listen as Hasu thought out loud about capital gains , how to build principal and equity . He remembers tearing out back doors of those beat-up , newly acquired houses and framing them for sliding doors , and getting on the roof with his dad and swinging a hammer to put on new shingles . “ They were really fun times . It was so exciting . It was very vital because we had a plan ,” Shah recalls . “ I didn ’ t realize how important that was .”
28 hotelsmag . com November 2018