Naveen Kakarla is the President and Chief Executive Officer and also on the Board of Directors

of HHM, which manages over 120 hotels in the Northeast, Florida, and California. These hotels

range from three to five star properties in urban and leisure resort destinations.

Naveen is responsible for HHM’s investment and fund management, acquisitions and

development, finance and accounting, human resources, and capital projects. He prior led

HHM’s New York City region and also oversaw its construction and technical services division.

Prior to joining Hersha in 2005, Naveen worked with a private equity firm and its portfolio

companies on early stage investments and "roll ups" in various industries. Naveen had been an

active real estate investor in the multifamily space prior to joining Hersha.

Outside the real estate sector, Naveen was previously a partner specializing in corporate and

securities law at the national law firm of Jenkens & Gilchrist, P.C., and was previously associated

with Akin, Gump, Strauss, Hauer Feld, LLP in Washington D.C. Naveen earned a Bachelor of Arts

from Austin College and a law degree from Cornell Law School.

Larry Korman is President of AKA Serviced Residences and Co-CEO of Korman Communities, a fourth-generation residential real estate company that has developed 30,000 homes and 20,000 apartments over the past century. Today, Korman Communities consists of 24 unparalleled suburban and metropolitan locations within two brands: AVE and AKA.

After graduating from Duke University in 1986, Larry joined the family business full-time and used his studies to maximize the efficiency and efficacy of the operations by branding the 23 garden-style apartment communities into KormanSuites. In 1995, Larry, along with his brother Bradley as Co-CEO, created Korman Communities to take the furnished apartment concept to a higher level by developing and acquiring new mid-rise apartment communities in some of the most dynamic locations on the east coast.

By 2004, recognizing a need for luxury flexible-stay residences with hotel-like services, Larry created a new collection, AKA, a pioneering brand of twelve extended-stay properties in key urban markets including New York City, Philadelphia, Los Angeles, Washington DC and London. Under Larry's leadership, AKA has achieved the thoughtful balance between the style and hospitality of an intimate hotel, and the space and comfort of a fully appointed luxury condominium. Along with residences designed by today’s leading architects and interior designers, AKA also features award-winning restaurants, cafes, lounges, bars, wellness centers, business facilities, screening cinemas and innovative experiential programs. Recently, Larry was honored by the 2020 Serviced Apartment Awards with the Inspiration Award for a lifetime achievement of innovation in the serviced apartment industry, while AKA was given the industry's global award for best overall operator of serviced apartments.