Deutsche Bank AG
Taunusanlage 12, D-60325
Frankfurt am Main
Federal Republic of Germany



Jeffrey A. Ruiz
Vice President
Telephone: (212) 250-3667


                                                     February 25, 2004


Securities and Exchange Commission
SEC Document Control
450 Fifth Street, N.W.
Washington, DC  20549
Attn:  Filing Desk


Dear Sir or Madame:

         Re:  Filing of Schedule 13G - Hersha Hospitality Trust


Pursuant to Rule 13d-1 of the Securities Exchange Act of 1934, attached is
one copy of Schedule 13G with respect to the common stock of the above
referenced corporation.

Please acknowledge your receipt of the Schedule 13G by return e-mail
confirmation.

                                                    Sincerely,



                                                    Jeffrey A. Ruiz








Enclosures




                                  UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                  SCHEDULE 13G

                                (Amendment No.1*)

                    Under the Securities Exchange Act of 1934


                            Hersha Hospitality Trust
                     ---------------------------------------
                                 NAME OF ISSUER:


                         Common Stock ($0.001 Par Value)
                     ---------------------------------------
                          TITLE OF CLASS OF SECURITIES

                                    427825104
                     ---------------------------------------
                                  CUSIP NUMBER


                                December 31, 2003
                     ---------------------------------------
             (Date of Event Which Requires Filing of this Statement)


        Check the appropriate box to designate the rule pursuant to which this
        Schedule is filed:

                                [X] Rule 13d-1(b)

                                [ ] Rule 13d-1(c)

                                [ ] Rule 13d-1(d)




  *This amendment is submitted to correct an unintentional overstatement of the
securities beneficially owned by the Reporting Person, as set forth in the
Schedule 13G previously filed by the Reporting Person on February 10, 2004.






1.  NAME OF REPORTING PERSONS
    S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS

         Deutsche Bank AG*

2.  CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

          (A) [ ] (B) [ ]


3.       SEC USE ONLY

4.  CITIZENSHIP OR PLACE OF ORGANIZATION

    Federal Republic of Germany

NUMBER OF         5.     SOLE VOTING POWER
SHARES                   1,281,500
BENEFICIALLY      6.     SHARED VOTING POWER
OWNED BY
EACH              7.     SOLE DISPOSITIVE POWER
REPORTING                1,281,500
PERSON WITH       8.     SHARED DISPOSITIVE POWER
                         0

9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

         1,281,500

10.  CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 9 EXCLUDES CERTAIN
     SHARES [ ]

11.  PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

         10.37%

12. TYPE OF REPORTING PERSON

         HC, CO,

   * In accordance with Securities Exchange Act Release No. 39538 (January 12,
   1998), this filing reflects the securities beneficially owned by the
   Private Clients and Asset Management business group ("PCAM") of Deutsche
   Bank AG and its subsidiaries and affiliates (collectively, "DBAG"). This
   filing does not reflect securities, if any, beneficially owned by any other
   business group of DBAG. Consistent with Rule 13d-4 under the Securities
   Exchange Act of 1934 ("Act"), this filing shall not be construed as an
   admission that PCAM is, for purposes of Section 13(d) under the Act, the
   beneficial owner of any securities covered by the filing.








1. NAME OF REPORTING PERSONS
    S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS

         RREEF America, L.L.C.

2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

          (A) [ ] (B) [ ]


3. SEC USE ONLY

4. CITIZENSHIP OR PLACE OF ORGANIZATION

    Delaware

NUMBER OF         5.       SOLE VOTING POWER
SHARES                     1,281,500
BENEFICIALLY      6.       SHARED VOTING POWER
OWNED BY                    0
EACH              7.       SOLE DISPOSITIVE POWER
REPORTING                  1,281,500
PERSON WITH       8.       SHARED DISPOSITIVE POWER


9.  AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

         1,281,500

10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 9 EXCLUDES CERTAIN
    SHARES [ ]

11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

         10.37%

12. TYPE OF REPORTING PERSON

         IA, CO,






Item 1(a).       Name of Issuer:

                 Hersha Hospitality Trust

Item 1(b).       Address of Issuer's Principal Executive Offices:
                 148 SHERATON DRIVE, BOX A
                 NEW CUMBERLAND PA 17070
                 7177702405


Item 2(a).       Name of Person Filing:

                 This statement is filed on behalf of Deutsche Bank AG,
                 ("Reporting Person").

Item 2(b).       Address of Principal Business Office or, if none, Residence:

                 The principal place of business of the Reporting Person is:

                           Taunusanlage 12, D-60325
                               Frankfurt am Main
                          Federal Republic of Germany

Item 2(c).       Citizenship:

                 The citizenship of the Reporting Person is set forth on the
                 cover page.

Item 2(d).       Title of Class of Securities:

                 The title of the securities is common stock, $0.001 par value
                 ("Common Stock").

Item 2(e).       CUSIP Number:

                 The CUSIP number of the Common Stock is set forth on the cover
                 page.

Item 3.          If this statement is filed pursuant to Rules 13d-1(b), or
                 13d-2(b) or (c), check whether the person filing is a:

                (a) [ ] Broker or dealer registered under section 15 of the
                    Act;

                (b) [ ] Bank as defined in section 3(a)(6) of the Act;

                (c) [ ] Insurance Company as defined in section
                    3(a)(19) of the Act;

                (d) [ ] Investment Company registered under section 8
                    of the Investment Company Act of 1940;

                (e) [X] An investment adviser in accordance with Rule
                    13d-1(b)(1)(ii)(E);

                             RREEF America, L.L.C.

                (f) [ ] An employee benefit plan, or endowment fund in
                    accordance with Rule 13d-1 (b)(1)(ii)(F);

                (g) [X] Parent holding company or control person in
                    accordance with Rule 13d-1 (b)(1)(ii)(G);

                               Deutsche Bank AG

                (h) [ ] A savings association as defined in section
                    3(b) of the Federal Deposit Insurance Act;

                (i) [ ] A church plan that is excluded from the
                    definition of an investment company under section
                    3(c)(14) of the Investment Company Act of 1940;

                (j) [ ] Group, in accordance with Rule 13d-1
                    (b)(1)(ii)(J).


Item 4.          Ownership.

                (a) Amount beneficially owned:

                  The Reporting Person owns the amount of the Common Stock
                  as set forth on the cover page.

                (b) Percent of class:

                  The Reporting Person owns the percentage of the Common Stock
                  as set forth on the cover page.

                (c) Number of shares as to which such person has:

                  (i) sole power to vote or to direct the vote:

                      The Reporting Person has the sole power to vote or direct
                      the vote of the Common Stock as set forth on the cover
                      page.

                  (ii) shared power to vote or to direct the vote:

                      The Reporting Person has the shared power to vote or
                      direct the vote of the Common Stock as set forth on the
                      cover page.

                 (iii) sole power to dispose or to direct the disposition of:

                       The Reporting Person has the sole power to dispose or
                       direct the disposition of the Common Stock as set forth
                       on the cover page.

                 (iv) shared power to dispose or to direct the disposition of:

                       The Reporting Person has the shared power to dispose or
                       direct the disposition of the Common Stock as set forth
                       on the cover page.

Item 5.           Ownership of Five Percent or Less of a Class.

                   Not applicable.


Item 6.           Ownership of More than Five Percent on Behalf of
                  Another Person.

                  Not applicable.

Item 7.           Identification and Classification of the Subsidiary Which
                  Acquired the Security Being Reported on by the Parent
                  Holding Company.


                    Subsidiary                       Item 3 Classification
                  ------------------------------------------------------------

                  RREEF America, L.L.C.                Investment Advisor


Item 8.           Identification and Classification of Members of the Group.

                  Not applicable.

Item 9.           Notice of Dissolution of Group.

                  Not applicable.


Item 10.        Certification.

By signing below I certify that, to the best of my knowledge and belief, the
securities referred to above were acquired and are held in the ordinary course
of business and were not acquired and are not held for the purpose of or with
the effect of changing or influencing the control of the issuer of the
securities and were not acquired and are not held in connection with or as a
participant in any transaction having that purpose or effect.







                               SIGNATURE

              After reasonable inquiry and to the best of my knowledge and
belief, I certify that the information set forth in this statement is true,
complete and correct.

Dated: 2/25/04

                                                   DEUTSCHE BANK AG


                                                  By: /s/ Jeffrey A. Ruiz
                                                  Name: Jeffrey A. Ruiz
                                                  Title: Vice President

                                                  By: /s/ Pasquale Antolino
                                                  Name: Pasquale Antolino
                                                  Title: Associate









                               SIGNATURE

             After reasonable inquiry and to the best of my knowledge and
belief, I certify that the information set forth in this statement is true,
complete and correct.

Dated: 2/25/04


                                                       RREEF America, L.L.C.

                                                       By: /s/ Mark Zeisloft
                                                       Name: Mark Zeisloft
                                                       Title: Vice Presidend