Hersha Hospitality Trust (HT) 10-Q 29 Oct 15 2015 Q3 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	9 Months Ended
	Sep. 30, 2015	Oct. 28, 2015
Entity Registrant Name	HERSHA HOSPITALITY TRUST
Entity Central Index Key	1,063,344
Current Fiscal Year End Date	--12-31
Entity Filer Category	Large Accelerated Filer
Document Fiscal Year Focus	2,015
Document Fiscal Period Focus	Q3
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Sep. 30, 2015
Class A Common Shares [Member]
Entity Common Stock, Shares Outstanding		46,041,084
Class B Common Shares [Member]
Entity Common Stock, Shares Outstanding		0

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Thousands	Sep. 30, 2015	Dec. 31, 2014
Assets:
Investment in Hotel Properties, Net of Accumulated Depreciation, Including Consolidation of Variable Interest Entity Assets of $83,159 and $84,247	$ 1,790,077	$ 1,745,483
Investment in Unconsolidated Joint Ventures	10,934	11,150
Cash and Cash Equivalents	29,304	21,675
Escrow Deposits	18,812	16,941
Hotel Accounts Receivable, Net of Allowance for Doubtful Accounts of $92 and $39	11,601	9,363
Deferred Financing Costs, Net of Accumulated Amortization of $7,370 and $6,938	9,607	8,605
Due from Related Parties	6,456	6,580
Intangible Assets, Net of Accumulated Amortization of $3,828 and $3,514	13,513	7,316
Other Assets	31,734	28,426
Total Assets	1,922,038	1,855,539
Liabilities and Equity:
Unsecured Term Loan	495,000	250,000
Unsecured Notes Payable	51,548	51,548
Mortgages Payable, including Net Unamortized Premium and Consolidation of Variable Interest Entity Debt of $52,923 and $54,132	543,559	617,375
Accounts Payable, Accrued Expenses and Other Liabilities	54,919	54,116
Dividends and Distributions Payable	17,026	17,909
Due to Related Parties	6,594	7,203
Total Liabilities	1,168,646	998,151
Shareholders' Equity:
Preferred Shares: $.01 Par Value, 29,000,000 Shares Authorized, 4,600,000 Series B and 3,000,000 Series C Shares Issued and Outstanding at September 30, 2015 and December 31, 2014, with Liquidation Preferences of $25 Per Share (Note 1)	76	76
Accumulated Other Comprehensive Loss	(1,048)	(358)
Additional Paid-in Capital	1,124,995	1,194,547
Distributions in Excess of Net Income	(400,947)	(365,381)
Total Shareholders' Equity	723,539	829,381
Noncontrolling Interests (Note 1):
Noncontrolling Interests - Common Units and LTIP Units	31,449	29,082
Noncontrolling Interests - Consolidated Variable Interest Entity	(1,596)	(1,075)
Total Noncontrolling Interests	29,853	28,007
Total Equity	753,392	857,388
Total Liabilities and Equity	1,922,038	1,855,539
Class A Common Shares [Member]
Shareholders' Equity:
Common Shares	$ 463	$ 497
Class B Common Shares [Member]
Shareholders' Equity:
Common Shares

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Sep. 30, 2015	Dec. 31, 2014
Assets:
Consolidation of variable interest entity assets	$ 83,159	$ 84,247
Hotel Accounts Receivable, Allowance for Doubtful Accounts	92	39
Deferred Financing Costs, Accumulated Amortization	7,370	6,938
Intangible Assets, Accumulated Amortization	3,828	3,514
Liabilities and Equity:
Consolidation of variable interest entity debt	$ 52,923	$ 54,132
Shareholders' Equity:
Preferred Shares - Outstanding (in shares)	7,600,000	7,600,000
Series B and C Preferred Shares [Member]
Shareholders' Equity:
Preferred Shares - Par Value (in dollars per share)	$ 0.01	$ 0.01
Preferred Shares - Authorized (in shares)	29,000,000	29,000,000
Preferred Shares - Liquidation Preference Value (in dollars per share)	$ 25	$ 25
Series B Preferred Shares [Member]
Shareholders' Equity:
Preferred Shares - Issued (in shares)	4,600,000	4,600,000
Preferred Shares - Outstanding (in shares)	4,600,000	4,600,000
Series C Preferred Shares [Member]
Shareholders' Equity:
Preferred Shares - Issued (in shares)	3,000,000	3,000,000
Preferred Shares - Outstanding (in shares)	3,000,000	3,000,000
Class A Common Shares [Member]
Shareholders' Equity:
Common Shares - Par Value (in dollars per share)	$ 0.01	$ 0.01
Common Shares - Authorized (in shares)	300,000,000	300,000,000
Common Shares - Issued (in shares)	46,338,046	49,708,771
Common Shares - Outstanding (in shares)	46,338,046	49,708,771
Class B Common Shares [Member]
Shareholders' Equity:
Common Shares - Par Value (in dollars per share)	$ 0.01	$ 0.01
Common Shares - Authorized (in shares)	1,000,000	1,000,000
Common Shares - Issued (in shares)	0	0
Common Shares - Outstanding (in shares)	0	0

Consolidated Statements Of Oper

Consolidated Statements Of Operations - USD ($) $ in Thousands		3 Months Ended		9 Months Ended
		Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Revenue:
Hotel Operating Revenues		$ 124,488	$ 112,927	$ 347,176	$ 304,331
Other Revenues		27	50	81	149
Total Revenues		124,515	112,977	347,257	304,480
Operating Expenses:
Hotel Operating Expenses		66,373	60,648	187,862	166,372
Insurance Recoveries					(4,602)
Hotel Ground Rent		768	710	2,223	1,715
Real Estate and Personal Property Taxes and Property Insurance		9,099	8,034	25,591	22,020
General and Administrative (including Share Based Payments of $1,411 and $1,595 and $4,605 and $4,156 for the three and nine months ended September 30, 2015 and 2014, respectively)		4,796	5,670	14,566	14,310
Acquisition and Terminated Transaction Costs		146	338	454	2,144
Depreciation and Amortization		18,814	18,565	55,395	52,365
Contingent Consideration Related to Acquisition of Hotel Property			1,000		1,000
Total Operating Expenses		99,996	94,965	286,091	255,324
Operating Income		24,519	18,012	61,166	49,156
Interest Income		45	71	144	746
Interest Expense		(11,067)	(11,456)	(32,390)	(32,249)
Other Expense		(9)	(346)	(334)	(476)
Gain on Disposition of Hotel Properties					7,184
Gain on Hotel Acquisitions, net					13,594
Development Loan Recovery					22,494
Loss on Debt Extinguishment		(324)		(546)	(644)
Income Before Income (Loss) from Unconsolidated Joint Venture Investments, Income Taxes and Discontinued Operations		13,164	6,281	28,040	59,805
Income from Unconsolidated Joint Venture Investments		608	607	860	606
Income Before Income Taxes		13,772	6,888	28,900	60,411
Income Tax Benefit		631	699	740	806
Income from Continuing Operations		14,403	7,587	29,640	61,217
Discontinued Operations (Note 11):
Loss on Disposition of Discontinued Assets					(45)
Impairment of Discontinued Assets					(1,800)
Income from Discontinued Operations, Net of Income Taxes					288
Loss from Discontinued Operations					(1,557)
Net Income		14,403	7,587	29,640	59,660
(Income) Loss Allocated to Noncontrolling Interests		(244)	49	(206)	(1,100)
Preferred Distributions		(3,589)	(3,589)	(10,767)	(10,767)
Net Income Applicable to Common Shareholders		$ 10,570	$ 4,047	$ 18,667	$ 47,793
BASIC
Income from Continuing Operations Applicable to Common Shareholders		$ 0.22	$ 0.08	$ 0.38	$ 0.98
Loss from Discontinued Operations Applicable to Common Shareholders		0	0	0	(0.03)
Net Income Applicable to Common Shareholders		0.22	0.08	0.38	0.95
DILUTED
Income from Continuing Operations Applicable to Common Shareholders		0.22	0.08	0.37	0.97
Loss from Discontinued Operations Applicable to Common Shareholders		0	0	0	(0.03)
Net Income Applicable to Common Shareholders		$ 0.22	$ 0.08	$ 0.37	$ 0.94
Weighted Average Common Shares Outstanding:
Basic		47,417,452	49,649,379	48,502,387	49,817,680
Diluted	[1]	47,909,549	50,155,497	49,035,700	50,276,464
[1]	Income (loss) allocated to noncontrolling interest in HHLP has been excluded from the numerator and Common Units and vested LTIP Units have been omitted from the denominator for the purpose of computing diluted earnings per share since including these amounts in the numerator and denominator would have no impact. In addition, potentially dilutive common shares, if any, have been excluded from the denominator if they are anti-dilutive to income (loss) from continuing operations applicable to common shareholders.

Consolidated Statements Of Ope5

Consolidated Statements Of Operations (Parenthetical) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Potentially dilutive securities that have been excluded from earnings per share:
Share Based Payments	$ 1,411	$ 1,595	$ 4,605	$ 4,156
Potentially Dilutive Securities Excluded from the Denominator	1,947,536	1,728,679	1,893,943	1,728,679
Common Units of Limited Partnership Interest [Member]
Potentially dilutive securities that have been excluded from earnings per share:
Potentially Dilutive Securities Excluded from the Denominator	1,947,536	1,728,679	1,893,943	1,728,679

Consolidated Statements Of Comp

Consolidated Statements Of Comprehensive Income - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Consolidated Statements Of Comprehensive Income [Abstract]
Net Income	$ 14,403	$ 7,587	$ 29,640	$ 59,660
Other Comprehensive Income
Change in Fair Value of Derivative Instruments	506	1,173	596	1,427
Less: Reclassification Adjustment for Change in Fair Value of Derivative Instruments Included in Net Income	(575)	(368)	(1,286)	(1,141)
Other Comprehensive (Loss) Income	(69)	805	(690)	286
Comprehensive Income	14,334	8,392	28,950	59,946
Less: Comprehensive (Income) Loss Attributable to Noncontrolling Interests	(244)	49	(206)	(1,100)
Less: Preferred Distributions	(3,589)	(3,589)	(10,767)	(10,767)
Comprehensive Income Attributable to Common Shareholders	$ 10,501	$ 4,852	$ 17,977	$ 48,079

Consolidated Statements Of Equi

Consolidated Statements Of Equity - USD ($) $ in Thousands	Common Shares [Member]Class A Common Shares [Member]	Common Shares [Member]Class B Common Shares [Member]	Common Shares [Member]	Preferred Shares [Member]	Additional Paid-In Capital [Member]	Accumulated Other Comprehensive Loss [Member]	Distributions in Excess of Net Earnings [Member]	Total Shareholders' Equity [Member]	Noncontrolling Interests Common Units and LTIP Units [Member]	Noncontrolling Interests Consolidated Variable Interest Entity [Member]	Noncontrolling Interests [Member]	Total
Balance at Dec. 31, 2013	$ 2,028			$ 76	$ 1,200,798	$ (376)	$ (364,568)	$ 837,958	$ 29,523	$ (342)	$ 29,181	$ 867,139
Balance (in shares) at Dec. 31, 2013			50,689,855	7,600,000					1,728,679
Repurchase of Common Shares	(26)				(13,637)		(1,621)	(15,284)				(15,284)
Repurchase of Common Shares (in shares)			(656,714)
Dividends and Distributions declared:
Common Shares							(38,171)	(38,171)				(38,171)
Preferred Shares							(10,767)	(10,767)				(10,767)
Common Units									$ (1,309)		(1,309)	(1,309)
Dividend Reinvestment Plan					34			34				34
Dividend Reinvestment Plan (in shares)			1,531
Share Based Compensation:
Grants	6				403			409				409
Grants (in shares)			147,810
Amortization					4,326			4,326				4,326
Change in Fair Value of Derivative Instruments						286		286				286
Net Income							58,560	58,560	1,657	(557)	1,100	59,660
Balance at Sep. 30, 2014	2,008			$ 76	1,191,924	(90)	(356,567)	837,351	$ 29,871	(899)	28,972	866,323
Balance (in shares) at Sep. 30, 2014			50,182,482	7,600,000					1,728,679
Balance at Dec. 31, 2014	497			$ 76	1,194,547	(358)	(365,381)	829,381	$ 29,082	(1,075)	28,007	857,388
Balance (in shares) at Dec. 31, 2014			49,708,771	7,600,000					2,199,434
Unit Conversion					132			132	$ (132)		(132)
Unit conversion (in shares)			8,975						(8,975)
Repurchase of Common Shares	(34)				(71,223)		(14,060)	(85,317)				$ (85,317)
Repurchase of Common Shares (in shares)			(3,420,938)									(3,420,938)
Dividends and Distributions declared:
Common Shares							(40,173)	(40,173)				$ (40,173)
Preferred Shares							(10,767)	(10,767)				(10,767)
Common Units									$ (1,436)		(1,436)	(1,436)
LTIP Units									$ (522)		(522)	(522)
Dividend Reinvestment Plan					35			35				35
Dividend Reinvestment Plan (in shares)			1,370
Share Based Compensation:
Grants					457			457				457
Grants (in shares)			39,868						128,842
Amortization					1,047			1,047	$ 3,730		3,730	4,777
Change in Fair Value of Derivative Instruments						(690)		(690)				(690)
Net Income							29,434	29,434	727	(521)	206	29,640
Balance at Sep. 30, 2015	$ 463			$ 76	$ 1,124,995	$ (1,048)	$ (400,947)	$ 723,539	$ 31,449	$ (1,596)	$ 29,853	$ 753,392
Balance (in shares) at Sep. 30, 2015			46,338,046	7,600,000					2,319,301

Consolidated Statements Of Equ8

Consolidated Statements Of Equity (Parenthetical) - $ / shares	9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014
Dividends and Distributions declared:
Common Stock, Dividends declared (in dollars per share)	$ 0.84	$ 0.76
Common Units, Distributions declared (in dollars per share)	0.84	$ 0.76
Incentive Distribution, Distribution Per Unit	$ 0.84

Consolidated Statements Of Cash

Consolidated Statements Of Cash Flows - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014
Operating Activities:
Net Income	$ 29,640	$ 59,660
Adjustments to Reconcile Net Income to Net Cash Provided by Operating Activities:
Gain on Hotel Acquisitions, Net		(13,594)
Contingent Consideration Related to Acquisition of Hotel Property		1,000
Development Loan Recovery		(22,494)
Gain on Disposition of Hotel Properties		(7,139)
Impairment of Hotel Assets		1,800
Deferred Taxes	(740)	(806)
Depreciation	55,087	52,056
Amortization	1,175	1,468
Loss on Debt Extinguishment	324	644
Equity in Loss of Unconsolidated Joint Ventures	(860)	(606)
Distributions from Unconsolidated Joint Ventures	958	911
Loss Recognized on Change in Fair Value of Derivative Instrument	83	68
Share Based Compensation Expense	4,605	4,156
(Increase) Decrease in:
Hotel Accounts Receivable	(2,034)	(1,624)
Escrows	(950)	(537)
Other Assets	(2,156)	(844)
Due from Related Parties	124	4,321
(Decrease) Increase in:
Due to Related Parties	(609)	(1,719)
Accounts Payable, Accrued Expenses and Other Liabilities	2,740	1,782
Net Cash Provided by Operating Activities	87,387	78,503
Investing Activities:
Purchase of Hotel Property Assets	(61,415)	(175,309)
Deposits on Hotel Acquisitions	(1,000)
Capital Expenditures	(18,841)	(29,297)
Cash Paid for Hotel Development Projects	(420)	(3,375)
Proceeds from Disposition of Hotel Properties		30,128
Net Changes in Capital Expenditure Escrows	549	3,282
Proceeds from Insurance Claims		1,881
Distributions from Unconsolidated Joint Venture	127	96
Net Cash Used in Investing Activities	(81,000)	(172,594)
Financing Activities:
Proceeds from Borrowings Under Line of Credit, Net		27,000
Proceeds from Unsecured Term Loan Borrowing	245,000	100,000
Principal Repayment of Mortgages and Notes Payable	(182,684)	(18,775)
Proceeds from Mortgages and Notes Payable	80,750	54,500
Cash Paid for Deferred Financing Costs	(2,344)	(3,338)
Proceeds from Issuance of Preferred Stock, Net		(86)
Repurchase of Common Shares	(85,317)	(15,284)
Settlement of Interest Rate Cap	(430)	(8)
Dividends Paid on Common Shares	(41,042)	(36,251)
Dividends Paid on Preferred Shares	(10,767)	(10,767)
Distributions Paid on Common Units	(1,924)	(1,245)
Net Cash Provided by Financing Activities	1,242	95,746
Net Increase (Decrease) in Cash and Cash Equivalents	7,629	1,655
Cash and Cash Equivalents - Beginning of Period	21,675	36,213
Cash and Cash Equivalents - End of Period	$ 29,304	$ 37,868

Basis Of Presentation

Basis Of Presentation	9 Months Ended
	Sep. 30, 2015
Basis Of Presentation [Abstract]
Basis Of Presentation	NOTE 1 – BASIS OF PRESENTATION The accompanying unaudited consolidated financial statements of Hersha Hospitality Trust (“we,” “us,” “our” or the “Company”) have been prepared in accordance with U.S. generally accepted accounting principles (“US GAAP”) for interim financial information and with the general instructions to Form 10-Q and Rule 10-01 of Regulation S-X. Accordingly, they do not include all of the information and notes required by US GAAP for complete financial statements. In the opinion of management, all adjustments (consisting of normal recurring accruals), considered necessary for a fair presentation have been included. Operating results for the three and nine months ended September 30, 2015 are not necessarily indicative of the results that may be expected for the year ending December 31, 201 5 or any future period. Accordingly, readers of these consolidated interim financial statements should refer to the Company’s audited financial statements prepared in accordance with US GAAP, and the related notes thereto, for the year ended December 31, 201 4 , which are included in the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 201 4 , as certain footnote disclosures normally included in financial statements prepared in accordance with US GAAP have been condensed or omitted from this report pursuant to the rules of the Securities and Exchange Commission. We are a self-administered Maryland real estate investment trust that was organized in May 1998 and completed our initial public offering in January 1999. Our common shares are traded on the New York Stock Exchange (the “NYSE”) under the symbol “HT.” We own our hotels and our investments in joint ventures through our operating partnership, Hersha Hospitality Limited Partnership (“HHLP”), for which we serve as the sole general partner. As of September 30 , 2015, we owned an approximate 95.2% partnership interest in HHLP, including a 1.0% general partnership interest. Noncontrolling Interest We classify the noncontrolling interests of our consolidated variable interest entity and common units and LTIP units of limited partnership interest in HHLP (“Common Units”) as equity. LTIP units are a special class of limited partnership interest in the Operating Partnership that are convertible into Common Units under certain circumstances. The noncontrolling interest of Common Units totaled $31,449 as of September 30 , 2015 and $29,082 as of December 31, 2014. As of September 30 , 2015, there were 2,319,301 Common Units outstanding with a fair market value of $52,555 , based on the price per share of our common shares on the NYSE on such date. In accordance with the partnership agreement of HHLP, holders of these units may redeem them for cash unless we, in our sole and absolute discretion, elect to issue common shares on a one-for-one basis in lieu of paying cash. Net income or loss attributed to Common Units, as well as the net income or loss related to the noncontrolling interests of our consolidated variable interest entity, is included in net income or loss but excluded from net income or loss applicable to common shareholders in the consolidated statements of operations. Shareholders’ Equity Terms of the Series B and Series C Preferred Shares outstanding at September 30 , 2015 and December 31, 2014 are summarized as follows: Dividend Per Share Shares Outstanding Nine Months Ended September 30, Series September 30, 2015 December 31, 2014 Aggregate Liquidation Preference Distribution Rate 2015 2014 Series B $ $ $ Series C Total NOTE 1 – BASIS OF PRESENTATION (CONTINUED) In May 2015 , our Board of Trustees approved a reverse share split of our issued and outstanding c ommon shares and C ommon U nits and LTIP units at a ratio of 1-for-4. This reverse share split converted every four issued and outstanding commo n shares into one common share. The reverse share split was effective as of 5:00 PM Eastern time on June 22, 2015. As a result of the reverse share split, the number of outstanding common shares was reduced from 191,079,951 to 47,769,961 shares and the number of outstanding Common Units and LTIP Units was reduced from 9,313,063 to 2,328,276 units. In addition, the second quarter dividend was adjusted to $0.28 per common share from the previously announced $0.07 per common share. All common share, Common Unit and LTIP Units and per share data related to these classes of equity have been updated in this Quarterly Report on Form 10-Q to reflect this share split for all periods presented. In February 2015, our Board of Trustees authorized us to repurchase from time to time up to an aggregate of $100,000 of our outstanding common shares through December 31, 2015 . For the nine months ended September 30 , 2015 , the Company repurchased 3,420,938 common shares for an aggregate purchase price of $85,317 . Upon repurchase by the Company, these common shares ceased to be outstanding and became authorized but unissued common shares. In October 2015, our Board of Trustees authorized us to repurchase from time to time up to an aggregate of $100,000 of our outstanding common shares. This new program is in addition to the existing $100,000 program authorized in February 2015 and will commence upon completion of the existing $100,000 common share repurchase program, and will expire on December 31, 2016. As of October 28, 2015, we have no t repurchased any common shares pursuant to the new program as our existing repurchase agreement is still in effect. New Accounting Pronouncements On May 28, 2014, the FASB issued ASU No. 2014-09, Revenue from Contracts with Customers, which requires an entity to recognize the amount of revenue to which it expects to be entitled for the transfer of promised goods or services to customers. The ASU will replace most existing revenue recognition guidance in U.S. GAAP when it becomes effective. The new standard is effective for the Company on January 1, 201 8 . Early adoption is permitted, but not prior to the original effective date of January 1, 2017 . The standard permits the use of either the retrospective or cumulative effect transition method. The Company is evaluating the effect that ASU No. 2014-09 will have on its consolidated financial statements and related disclosures. The Company has not yet selected a transition method nor has it determined the effect of the standard on its ongoing financial reporting. On February 18, 2015, the FASB issued ASU No. 2015-02, Consolidation – Amendments to the Consolidation Analysis, which amends the current consolidation guidance affecting both the variable interest entity (VIE) and voting interest entity (VOE) consolidation models. The standard does not add or remove any of the characteristics in determining if an entity is a VIE or VOE, but rather enhances the way the Company assesses some of these characteristics. The new standard is effective for the Company on January 1, 2016. The Company does not expect ASU No. 2015-02 to have a significant impact on its consolidated financial statements and related disclosures. On April 17, 2015, the FASB issued ASU No. 2015-03, Simplifying the Presentation of Debt Issuance Costs, which requires debt issuance costs to be presented in the balance sheet as a direct deduction from the associated debt liability. Currently, debt issuance costs are recorded as an asset and amortization of these deferred financing costs is recorded in interest expense. Under the new standard, debt issuance costs will continued to be amortized over the life of the debt instrument and amortization will continue to be recorded in interest expense. The new standard is effective for the Company on January 1, 2016 and will be applied on a retrospective basis. The Company is currently evaluating ASU 2015-03, and anticipates a chang e in our presentation only because the standard does not alter the accounting for amortization of debt issuance costs.

Investment In Hotel Properties

Investment In Hotel Properties	9 Months Ended
	Sep. 30, 2015
Investment In Hotel Properties [Abstract]
Investment In Hotel Properties	NOTE 2 – INVESTMENT IN HOTEL PROPERTIES Investment in hotel properties c onsists of the following at September 30, 2015 and December 31, 201 4 : June 30, 2015 December 31, 2014 Land $ $ Buildings and Improvements Furniture, Fixtures and Equipment Less Accumulated Depreciation Total Investment in Hotel Properties $ $ Acquisitions We have acquired the following properties during the nine months ended September 30, 2015: Hotel Acquisition Date Land Buildings and Improvements Furniture Fixtures and Equipment Other Intangibles Loan Costs Total Purchase Price Assumption of Debt St. Gregory Hotel, Washington, DC 6/16/2015 $ $ $ $ $ $ $ * TownePlace Suites, Sunnyvale, CA 8/25/2015 $ - $ $ $ ** $ - $ $ - TOTAL $ $ $ $ $ $ $ *Includes a $3,050 premium as we determined that the stated rate of interest on the assumed mortgage debt was above market. **Acquired ground lease asset of $6,353 with purchase of the property. Acquisition-related costs, such as due diligence, legal and accounting fees, are not capitalized or applied in determining the fair value of the above acquired assets. During the nine months ended September 30, 2015, we paid $160 in acquisition costs related to the above acquired assets. Included in the consolidated statement of operations for the three and nine months ended September 30, 2015 are total revenu es of $2,902 and $3,397 , and total net loss of $39 and $36 for the hotels we acquired during the nine months ended September 30, 2015 and consolidated since the date of acquisition of the hotels. Purchase and Sale Agreement In October 2015, we entered into a purchase and sale agreement to purchase the Sanctuary Beach Resort in Monterey, CA from an unaffiliated buyer for a total purchase price of $ 39,500 . The proposed transaction is expected to close in the first quarter of 201 6, and is subject to a variety of closing conditions, completion of due diligence and the receipt of lender consent. As a result, there can be no assurance that we will be able to consummate the acquisition on the schedule or on the terms described. NOTE 2 – INVESTMENT IN HOTEL PROPERTIES (CONTINUED) Pro Forma Results (Unaudited) The following condensed pro forma fina ncial data for the three and nine months ended September 30, 2015 and 2014, are presented as if the hotels acquired by the Company in 201 5 had been acquired as of January 1, 201 4, and the hotels acquired by the Company in 2014 had been acquired as of January 1, 2013. The condensed pro forma financial data is not necessarily indicative of what actual results of operations of the Company would have been for the periods pres ented assuming the acquisitions had been consummated on January 1, 201 4 and January 1, 2013 , nor do they purport to represent the results of operations for future periods. Three Months Ended September 30, Nine Months Ended September 30, 2015 2014 2015 2014 Pro Forma Total Revenues $ Pro Forma Income from Continuing Operations $ Loss from Discontinued Operations - - - Pro Forma Net Income (Loss) Income Allocated to Noncontrolling Interest Preferred Distributions Pro Forma Net Income Applicable to Common Shareholders $ $ $ $ Pro Forma Income Applicable to Common Shareholders per Common Share Basic $ $ $ $ Diluted $ $ $ $ Weighted Average Common Shares Outstanding Basic Diluted

Investment In Unconsolidated Jo

Investment In Unconsolidated Joint Ventures	9 Months Ended
	Sep. 30, 2015
Investment In Unconsolidated Joint Ventures [Abstract]
Investment In Unconsolidated Joint Ventures	NOTE 3 – INVESTMENT IN UNCONSOLIDATED JOINT VENTURES As of September 30, 2015 and December 31, 201 4, our investment in unconsolidated joint ventures consisted of the following: Percent Preferred September 30, December 31, Joint Venture Hotel Properties Owned Return 2015 2014 SB Partners, LLC Holiday Inn Express, South Boston, MA N/A $ $ Hiren Boston, LLC Courtyard by Marriott, South Boston, MA N/A Mystic Partners, LLC Hilton and Marriott branded hotels in CT 8.8% - 66.7% 8.5% non-cumulative $ $ Income or loss from our unconsolidated joint ventures is allocated to us and our joint venture partners consistent with the allocation of cash distributions in accordance with the joint venture agreements. Any difference between the carrying amount of these investments and the underlying equity in net assets is amortized over the expected useful lives of the properties and other intangible assets. Income recognized during the three and nine months ended September 30, 2015 and 201 4 , for our investments in unconsolidated joint ventures is as follows: Three Months Ended September 30, Nine Months Ended September 30, 2015 2014 2015 2014 SB Partners, LLC $ $ $ $ Hiren Boston, LLC Mystic Partners, LLC Income from Unconsolidated Joint Venture Investments $ $ $ $ NOTE 3 – INVESTMENT IN UNCONSOLIDATED JOINT VENTURES (CONTINUED) The following tables set forth the total assets, liabilities, equity and components of net income or loss, including the Company’s share, related to the unconsolidated joint ventures disc ussed above as of September 30, 2015 and December 31 , 2014 and for the three and nine months ended September 30, 2015 and 201 4 . Balance Sheets September 30, December 31, 2015 2014 Assets Investment in Hotel Properties, Net $ $ Other Assets Total Assets $ $ Liabilities and Equity Mortgages and Notes Payable $ $ Other Liabilities Equity: Hersha Hospitality Trust Joint Venture Partner(s) Total Equity Total Liabilities and Equity $ $ Statements of Operations Three Months Ended September 30, Nine Months Ended September 30, 2015 2014 2015 2014 Room Revenue $ $ $ $ Other Revenue Operating Expenses Lease Expense Property Taxes and Insurance General and Administrative Depreciation and Amortization Interest Expense Debt Extinguishment and Gain on Debt Forgiveness - - Gain (Loss) allocated to Noncontrolling Interests Net Income $ $ $ $ NOTE 3 – INVESTMENT IN UNCONSOLIDATED JOINT VENTURES (CONTINUED) The following table is a reconciliation of the Company’s share in the unconsolidated joint ventures’ equity to the Company’s investment in the unconsolidated joint ventures as presented on the Com pany’s balance sheets as of September 30, 2015 and December 31, 201 4 . September 30, December 31, 2015 2014 Company's share of equity recorded on the joint ventures' financial statements $ $ Adjustment to reconcile the Company's share of equity recorded on the joint ventures' financial statements to our investment in unconsolidated joint ventures (1) Investment in Unconsolidated Joint Ventures $ $ (1) Adjustment to reconcile the Company's share of equity recorded on the joint ventures' financial statements to our investment in unconsolidated joint ventures consists of the following: · cumulative impairment of the Company’s investment in joint ventures not reflected on the joint ventures' financial statements; · the Company’s basis in the investment in joint ventures not recorded on the joint ventures' financial statements; and · accumulated amortization of the Company’s equity in joint ventures that reflects the Company’s portion of the excess of the fair value of joint ventures' assets on the date of our investment over the carrying value of the assets recorded on the joint ventures financial statements (this excess investment is amortized over the life of the properties, and the amortization is included in Income (Loss) from Unconsolidated Joint Venture Investments on the Company’s consolidated statement of operations).

Other Assets

Other Assets	9 Months Ended
	Sep. 30, 2015
Other Assets [Abstract]
Other Assets	NOTE 4 – OTHER ASSETS Other Assets Other Assets co nsisted of the following at September 30, 2015 and December 31, 201 4 : September 30, 2015 December 31, 2014 Investment in Statutory Trusts Prepaid Expenses Deferred Tax Asset, Net of Valuation Allowance of $804 Other $ $ Investment in Statutory Trusts - We have an investment in the common stock of Hersha Statutory Trust I and Hersha Statutory Trust II. Our investment is accounted for under the equity method. Prepaid Expenses - Prepaid expenses include amounts paid for property tax, insurance and other expenditures that will be expensed in the next twelve months. Deferred Tax Asset - We have approximately $12,189 of net deferred tax assets as of September 30 , 2015. We have considered various factors, including future reversals of existing taxable temporary differences, future projected taxable income and tax planning strategies in determining a valuation allowance for our deferred tax assets, and we believe that it is more likely than not that we will be able to realize the $12,189 of net deferred tax assets in the future.

Debt

Debt	9 Months Ended
	Sep. 30, 2015
Debt [Abstract]
Debt	NOTE 5 – DEBT Mortgages We had total mortgages payable at September 30 , 2015 and December 31, 2014 of $ 543,559 and $617, 375 , respectively. These balances consisted of mortgages with fixed and variable interest rates, which ranged from 2.44% to 6.50% as of September 30 , 2015. Included in these balances are net premiums of $ 3,851 and $1,584 as of September 30 , 2015 and December 31, 2014, respectively, which are amortized over the remaining life of the loans. Aggregate interest expense incurred under the mortgage loans payable totaled $6,404 and $7, 908 and $20,372 and $23,428 during the three and nine months ended September 30 , 2015 and 2014, respectively. Our mortgage indebtedness contains various financial and non-financial covenants customarily found in secured, non-recourse financing arrangements. Our mortgage loans payable typically require that specified debt service coverage ratios be maintained with respect to the financed properties before we can exercise certain rights under the loan agreements relating to such properties. If the specified criteria are not satisfied, the lender may be able to escrow cash flow generated by the property securing the applicable mortgage loan. We have determined that certain debt service coverage ratio covenants contained in the loan agreements securing t wo of our hotel properties were not met as of September 30, 2015. Pursuant to these loan agreements, the lender has elected to escrow the operating cash flow for a number of these properties. However, these covenants do not constitute an event of default for these loan agreements. As of September 30 , 2015, the maturity dates for the outstanding mortgage loans ranged from May 2016 to April 2023. Subordinated Notes Payable We have two junior subordinated notes payable in the aggregate amount of $51,548 to the Hersha Statutory Trusts pursuant to indenture agreements which will mature on July 30, 2035 , but may be redeemed at our option, in whole or in part, prior to maturity in accordance with the provisions of the indenture agreements. The $25,774 of notes issued to each of Hersha Statutory Trust I and Hersha Statutory Trust II bear interest at a variable rate of LIBOR plus 3% per annum. This rate resets two business days prior to each quarterly payment. The weighted average interest rate on our two junior subordinated notes payable was 3.36% and 3.30% and 3. 31% and 3.26% during the three and nine months ended September 30, 2015 and 2014, respectively. Interest expense in the amount of $ 434 and $426 and $1,278 and $1,264 was recorded for the three and nine months ended September 30, 2015 and 201 4 , respectively. Credit Facilities On August 10, 2015, we enter ed into a $300,000 senior unsecured term loan agreement with Citigroup Global Markets Inc. and various other lenders. The term loan expires on August 10, 2020 . At the time of the closing, we advanced $210,000 as a single draw and have, subject to operating and borrowing base limitations, the ability to draw the remaining $90,000 over the following 360 days. As of September 30, 2015, we drew an additional $35,000 on the term loan. This new term loan expands our senior unsecured borrowing capacity from $500,000 to $800,000 . On February 28, 2014, we entered into a senior unsecured credit agreement with Citigroup Global Markets Inc. and various other lenders. The credit agreement provides for a $500,000 senior unsecured credit facility consisting of a $250,000 senior unsecured revolving line of credit, and a $250,000 senior unsecured term loan. This new facility amended and restated the existing $400,000 senior unsecured credit facility. The $500,000 unsecured credit facility expires on February 28, 2018 , and, provided no event of default has occurred, we may request that the lenders renew the credit facility for an additional one -year period. The credit facility is also expandable to $850,000 at our request, subject to the satisfaction of certain conditions. Prior to February 28, 2014, we maintained a senior unsecured credit agreement with Citigroup Global Markets Inc. and various other lenders. The credit agreement provided for a $400,000 senior unsecured credit facility consisting of a $250,000 senior unsecured revolving line of credit, and a $150,000 senior unsecured term loan. NOTE 5 – DEBT (CONTINUED) The amount that we can borrow at any given time on our $500,000 unsecured credit facility and $300,000 unsecured term loan is governed by certain operating metrics of designated unencumbered hotel properties known as b orrowing base assets. As of September 30, 2015 , the following hotel properties were borrowing base assets: - Holiday Inn Express, Cambridge, MA - Hampton Inn, Philadelphia, PA - Holiday Inn, Wall Street, NY - Hampton Inn, Washington, DC - Holiday Inn Express, Times Square, NY - Hyatt Place, King of Prussia, PA - Residence Inn, Norwood, MA - Nu Hotel, Brooklyn, NY - Residence Inn, Framingham, MA - The Rittenhouse Hotel, Philadelphia, PA - Sheraton, Wilmington South, DE - The Boxer, Boston, MA - Sheraton Hotel, JFK Airport, New York, NY - Holiday Inn Express (Water Street), New York, NY - Candlewood Suites, Times Square, NY - Courtyard, San Diego, CA - Hampton Inn, Times Square, NY - Residence Inn, Coconut Grove, FL - Winter Haven, Miami, FL - Blue Moon, Miami, FL - Hampton Inn, Pearl Street, NY - Parrot Key Resort, Key West, FL - Residence Inn, Greenbelt, MD - Courtyard, Brookline, MA - Courtyard, Miami, FL - TownePlace Suites, Sunnyvale, CA The interest rate for the $500,000 unsecured credit facility is based on a pricing grid with a range of one month U.S. LIBOR plus 1.70% to 2.45% for the rev olving line of credit and 1.60% to 2.35% for the unsecured term loan . The $300,000 unsecured term loan’s interest rate is based on a pricing grid with a range of one month U.S. LIBOR plus 1.50% to 2.25% . As noted above, we refinanced our credit facility during the nine months ended September 30, 2014. Prior to this refinancing, the pricing grid for the revolving line of credit and unsecured term loan was U.S. LIBOR plus 1.75% to 2.65% . As of September 30, 2015 , we had borrowed $ 250,000 in unsecured term loans under the $500,000 unsecured credit facility, $150,000 for which we had entered into interest rate swaps which effectively fix the interest rate on these term loans at a blended rate of 2.914% . See “Note 7 – Fair Value Measurements and Derivative Instruments” for more information. As of September 30, 2015, we had borrowed $245,000 under the $300,000 unsecured term loan. As of September 30, 2015, we had no balance outstanding on the revolving line of credit. As of December 31, 2014, the outstanding unsecured $250,000 term loan under the $500,000 unsecured credit facility was fully drawn and the $250,000 revolving line of credit had no balance outstanding. The credit agreements providing for the $500,000 unsecured credit facility and $300,000 unsecured term loan include certain financial covenants and require that we maintain: (1) a minimum tangible net worth of $900,000 , plus an amount equal to 75% of the net cash proceeds of all issuances and primary sales of equity interests of the parent guarantor or any of its subsidiaries consummated following the closing date; (2) annual distributions not to exceed 95% of adjusted funds from operations; and (3) certain financial ratios, including the following: · a fixed charge coverage ratio of not less than 1.45 to 1.00, which increases to 1.50 to 1.00 as of January 1, 2016; · a maximum leverage ratio of not more than 60%; and · a maximum secured debt leverage ratio of 50% , which decreases to 45% as of January 1, 2016. The Company is in compliance with each of the covenants listed above as of September 30, 2015. As of September 30, 2015 , our remaining borrowing capacity under the $5 00,000 unsecured credit facility was $245,745 and under the $300,000 unsecured term loan was $55,000 based on the borrowing base assets at September 30, 2015 . The Company recorded interest expense of $2,844 and $1,809 and $6,824 and $4,461 related to borrowings drawn on each of the aforementioned credit facilities for the three and nine months ended September 30, 2015 and 2014, respectively. The weighted average interest rate on our credit facilities was 2.66% and 2.73% and 2.72% and 2.85% for the three and nine months ended September 30, 2015 and 201 4 , respectively . NOTE 5 – DEBT (CONTINUED) Capitalized Interest We utilize cash, mortgage debt and our unsecured credit facility to finance on-going capital improvement projects at our hotels. Interest incurred on mortgages and the unsecured credit facility that relates to our capital improvement projects is capitalized through the date when the assets are placed in service. For the three and nine months ended September 30, 2015 and 2014, we capitalized $ 0 and $0 and $0 and $ 458 , respectively, of interest expense related to these projects. Deferred Financing Costs Costs associated with entering into mortgages and notes payable and our credit facilities are deferred and amortized over the life of the debt instruments. Amortization of deferred financing costs is recorded in interest expense. As of September 30, 2015, deferred costs were $ 9,607 , net of accumulated amortization of $7,37 0 . Amortization of deferred costs for the three and nine months ended September 30, 2015 and 2014 was $ 619 and $710 and $1,996 and $ 2,064 , respectively. New Debt/Refinance On August 10, 2015, we repaid in full outstanding mortgage debt with an original principal balance of $60,000 secured by t he Courtyard by Mar riott, Miami, FL. In connection with this transaction, we terminated the interest rate swap associated with the mortgage on this property . See “Note 7 – Fair Value Measurements and Derivative Instruments” for more information on this transaction. The loan was due to mature o n July 1, 2016 , and we incurred approximately $ 324 i n expense in unamortized deferred financing costs and fees. On June 10, 2015, we refinanced the outstanding mortgage debt with an original principal balance of $55,000 secured by the Hyatt Union Square, NY and simultaneously entered into a new mortgage obligation of $55,750 , incurring a loss on debt extinguishment of approximately $212 . The new mortgage debt bears interest at a variable rate of one month U.S dollar LIBOR plus 2.30% and matures on June 10, 2019 . Also on June 10, 2015, we entered into an interest rate cap that matures June 10, 2016 that effectively limits the interest at 3.00% per annum. See “Note 7 – Fair Value Measurements and Derivative Instruments” for more information on the interest rate cap. On April 10, 2015, we refinanced the outstanding mortgage debt with an original principal balance of $38,913 secured by t he Courtyard by Mar riott, Brookline, MA. The loan was due to mature in July 2015, and we incurred approximately $ 10 i n expense in unamortized deferred financing costs and fees. On January 30, 2015, we repaid in full outstanding mortgage debt with an original principal balance of $27,500 secured by the Capitol Hill Hotel, Washington, DC and simultaneously entered into a new mortgage obligation of $25,000 . The new mortgage debt bears interest at a variable rate of one month U.S. dollar LIBOR plus 2.25% and matures on January 30, 2018. The loan was due to mature in January 2015, and we incurred no loss on debt extinguishment in paying off the loan. We had previously entered into an interest rate swap with respect to the $27,500 mortgage loan that matured on February 1, 2015. In connection with this transaction, we did not enter into a new derivative instrument to fix or cap the rate of interest payable on the $25,000 mortgage loan. See “Note 7 – Fair Value Measurements and Derivative Instruments” for more information on this transaction. On February 28, 2014, we refinanced our previous $400,000 unsecured credit facility with a $500,000 unsecured credit facility with Citigroup Global Markets I nc. and various other lenders. As a result of this refinancing , we expensed $579 in unamortized deferred financing costs and fees during the nine months ended September 30 , 2014. On January 31, 2014, we paid down $5,175 of the outstanding debt and modified the mortgage loan on the Duane Street Hotel, New York, NY. In connection with this refinancing , we entered into a $9,500 mortgage loan with a maturity date of February 1, 2017 . The modified mortgage loan bears interest at a variable rate of one month U.S. dollar LIBOR plus 4.50% . The modification also includes an interest rate swap, which effectively fixes the interest rate at 5.433% . See “Note 7 – Fair Value Measurements and Derivative Instruments” for more informat ion on the interest rate swap. As a result of this modification, we expensed $65 in unamortized deferred financial costs and fees during the nine months ended September 30 , 2014.

Commitments And Contingencies A

Commitments And Contingencies And Related Party Transactions	9 Months Ended
	Sep. 30, 2015
Commitments And Contingencies And Related Party Transactions [Abstract]
Commitments And Contingencies And Related Party Transactions	NOTE 6 – COMMITMENTS AND CONTINGENCIES AND RELATED PARTY TRANSACTIONS Management Agreements Our wholly-owned taxable REIT subsidiary ("TRS"), 44 New England, and certain of our joint venture entities engage eligible independent contractors in accordance with the requirements for qua lification as a REIT under the I nternal R evenue C ode of 1986, as amended, including HHMLP, as the property managers for hotels it leases from us pursuant to management agreements. HHMLP is owned, in part, by certain executives and trustees of the Company. Our management agreements with HHMLP provide for five -year terms and are subject to early termination upon the occurrence of defaults and certain other events described therein. As required under the REIT qualification rules, HHMLP must qualify as an “eligible independent contractor” during the term of the management agreements. Under the management agreements, HHMLP generally pays the operating expenses of our hotels. All operating expenses or other expenses incurred by HHMLP in performing its authorized duties are reimbursed or borne by our TRS to the extent the operating expenses or other expenses are incurred within the limits of the applicable approved hotel operating budget. HHMLP is not obligated to advance any of its own funds for operating expenses of a hotel or to incur any liability in connection with operating a hotel. Management agreements with other unaffiliated hotel management companies have similar terms. For its services, HHMLP receives a base management fee and, if a hotel exceeds certain thresholds, an incentive management fee. The base management fee for a hotel is due monthly and is equal to 3% of gross revenues associated with each hotel managed for the related month. The incentive management fee, if any, for a hotel is due annually in arrears on the ninetieth day following the end of each fiscal year and is based upon the financial performance of the hotels. For the three and nine months ended September 30, 2015 and 2014, base management fees incurred totaled $3, 710 and $3,2 71 and $ 10,086 and $8, 998 , respectively, and are recorded as Hotel Operating Expenses. For the three and nine months ended September 30, 2015 and 2014, we did not incur incentive management fees. Franchise Agreements Our branded hotel properties are operated under franchise agreements assumed by the hotel property lessee. The franchise agreements have 10 to 20 year terms, but may be terminated by either the franchisee or franchisor on certain anniversary dates specified in the agreements. The franchise agreements require annual payments for franchise royalties, reservation, and advertising services, and such payments are based upon percentages of gross room revenue. These payments are paid by the hotels and charged to expense as incurred. Franchise fee expenses for the three and nine months ended September 30, 2015 and 2014 were $7, 528 and $ 7,041 and $ 20,760 and $1 9,033 , respectively , and are recorded in Hotel Operating Expenses. The initial fees incurred to enter into the franchise agreements are amortized over the life of the franchise agreements. Accounting and Information Technology Fees Each of the wholly-owned hotels and consolidated joint venture hotel properties managed by HHMLP incurs a monthly accounting and information technology fee. Monthly fees for accounting services are between $2 and $3 per property and monthly information technology fees range from $1 to $2 per property. For the three and nine months ended September 30, 2015 and 2014, the Company incurred accounting fees of $ 379 and $354 and $1,100 , and $ 1,056 , respectively . For the three and nine months ended September 30, 2015 and 2014, the Company incurred information technology fees of $1 14 and $104 and $ 326 and $ 312 , respectively. Accounting fees and information technology fees are included in Hotel Operating Expenses. Capital Expenditure Fees HHMLP charges a 5% fee on all capital expenditures and pending renovation projects at the properties as compensation for procurement services related to capital expenditures and for project management of renovation projects. For the three and nine months ended September 30, 2015 and 2014, we incurred fees of $ 224 and $119 and $607 and $565 , respectively , which were capitalized with the cost of fixed asset additions. NOTE 6 – COMMITMENTS AND CONTINGENCIES AND RELATED PARTY TRANSACTIONS (CONTINUED) Acquisitions from Affiliates We have entered into an option agreement with certain of our officers and trustees such that we obtain a right of first refusal to purchase any hotel owned or developed in the future by these individuals or entities controlled by them at fair market value. This right of first refusal would apply to each party until one year after such party ceases to be an officer or trustee of the Company. Our Acquisition Committee of the Board of Trustees is comprised solely of independent trustees, and the purchase prices and all material terms of the purchase of hotels from related parties are approved by the Acquisition Committee. Hotel Supplies For the three and nine months ended September 30, 2015 and 2014, we incurred charges for hotel supplies of $ 49 , $57 , $142 and $ 166 , respectively. For the three and nine months ended September 30, 2015 and 2014, we incurred charges for capital expenditure purchases of $820 and $2,818 and $3,614 and $8,342 , respectively. These purchases were made from Hersha Purchasing and Design, a hotel supply company owned, in part, by certain executives and trustees of the Company. Hotel supplies are expensed and included in Hotel Operating Expenses on our consolidated statements of operations, and capital expenditure purchases are included in investment in hotel properties on our consolidated balance sheets. Approximately $ 1 and $2 is included in accounts payable at September 30, 2015 and December 31, 2014, respectively. Due From Related Parties The due from related parties balance as of September 30, 2015 and December 31, 2014 was approximately $6, 456 and $6, 580 , respectively. The balances primarily consisted of working capital deposits made to HHMLP and related party service providers. . Due to Related Parties The balance due to related parties as of September 30, 2015 and December 31, 2014 was approximately $6,5 94 and $7,203 , respectively. The balances consisted of amounts payable to HHMLP and related party service providers for administrative, management, and benefit related fees. Hotel Ground Rent For the three and nine months ended September 30, 2015 and 2014, we incurred $7 68 and $ 710 and $ 2,223 and $ 1,715 , respectively, of rent expense payable pursuant to ground leases related to certain hotel properties. Contingent Liability The purchase agreement for the acquisition of the Parrot Key Resort in Key West, FL, which we acquired in the second quarter of 2014, contained a provision that entitled the seller to additional consideration of $2,000 contingent upon the hotel achieving certain net operating income thresholds within twelve months of acquisition. At the time of acquisition, no liability was recorded as the fair market value of the contingent consideration was determined to be $0 . Upon remeasurement at the twelve months after acquisition, it was determined that the hotel achieved a net operating income within the agreed upon threshold and the liability of the contingent consideration was determined to be $2,000 ; and thus was paid to the seller in June 2015.

Fair Value Measurements And Der

Fair Value Measurements And Derivative Instruments	9 Months Ended
	Sep. 30, 2015
Fair Value Measurements And Derivative Instruments [Abstract]
Fair Value Measurements And Derivative Instruments	NOTE 7 – FAIR VALUE MEASUREMENTS AND DERIVATIVE INSTRUMENTS Fair Value Measurements Our determination of fair value measurements are based on the assumptions that market participants would use in pricing the asset or liability. As a basis for considering market participant assumptions in fair value measurements, we utilize a fair value hierarchy that distinguishes between market participant assumptions based on market data obtained from sources independent of the reporting entity (observable inputs that are classified within Levels 1 and 2 of the hierarchy) and the reporting entity’s own assumptions about market participant assumptions (unobservable inputs classified within Level 3 of the hierarchy). Level 1 inputs utilize quoted prices (unadjusted) in active markets for identical assets or liabilities that the Company has the ability to access. Level 2 inputs are inputs other than quoted prices included in Level 1 that are observable for the asset or liability, either directly or indirectly. Level 2 inputs may include quoted prices for similar assets and liabilities in active markets, as well as inputs that are observable for the asset or liability (other than quoted prices), such as interest rates, foreign exchange rates and yield curves that are observable at commonly quoted intervals. Level 3 inputs are unobservable inputs for the asset or liabilities, which are typically based on an entity’s own assumptions, as there is little, if any, related market activity. In instances where the determination of the fair value measurement is based on inputs from different levels of the fair value hierarchy, the level in the fair value hierarchy within which the entire fair value measurement falls is based on the lowest level input that is significant to the fair value measurement in its entirety. The Company’s assessment of the significance of a particular input to the fair value measurement in its entirety requires judgment, and considers factors specific to the asset or liability. As of September 30, 2015 , the Company’s derivative instruments represented the only financial instruments measured at fair value. Currently, the Company uses derivative instruments, such as interest rate swaps and caps, to manage its interest rate risk. The valuation of these instruments is determined using widely accepted valuation techniques, including discounted cash flow analysis on the expected cash flows of each derivative. This analysis reflects the contractual terms of the derivatives, including the period to maturity, and uses observable market-based inputs. We incorporate credit valuation adjustments to appropriately reflect both our own nonperformance risk and the respective counterparty’s nonperformance risk in the fair value measurements. In adjusting the fair value of its derivative contracts for the effect of nonperformance risk, we have considered the impact of netting and any applicable credit enhancements, such as collateral postings, thresholds, mutual puts and guarantees. Although we have determined that the majority of the inputs used to value our derivatives fall within Level 2 of the fair value hierarchy, the credit valuation adjustments associated with our derivatives utilize Level 3 inputs, such as estimates of current credit spreads, to evaluate the likelihood of default by us and the counterparties. However, as of September 30 , 201 5 we have assessed the significance of the effect of the credit valuation adjustments on the overall valuation of our derivative positions and have determined that the credit valuation adjustments are not significant to the overall valuation of our derivatives. As a result, we have determined that our derivative valuations in their entirety are classified in Level 2 of the fair value hierarchy. NOTE 7 – FAIR VALUE MEASUREMENTS AND DERIVATIVE INSTRUMENTS (CONTINUED) Derivative Instruments Estimated Fair Value Hedged Debt Type Strike Rate Index Effective Date Maturity Date Notional Amount September 30, 2015 December 31, 2014 Capitol Hill Hotel, Washington, DC* Swap 1-Month LIBOR + 3.25% February 1, 2012 February 1, 2015 $ - $ - $ Hilton Garden Inn 52nd Street, New York, NY Cap 1-Month LIBOR + 2.90% May 27, 2014 June 1, 2015 - - Courtyard, LA Westside, Culver City, LA Swap 1-Month LIBOR + 3.85% September 29, 2011 September 29, 2015 - Hyatt, Union Square, New York, NY Cap 1-Month LIBOR + 4.19% April 9, 2013 April 9, 2016 - Courtyard, Miami, FL*** Swap 1-Month LIBOR + 3.50% July 2, 2012 July 1, 2016 - - Unsecured Term Loan Swap 1-Month LIBOR + 2.35% November 5, 2012 November 5, 2016 Unsecured Term Loan Swap 1-Month LIBOR + 2.35% December 18, 2012 November 5, 2016 Duane Street Hotel, New York, NY Swap 1-Month LIBOR + 4.50% February 1, 2014 February 1, 2017 Hilton Garden Inn 52nd Street, New York, NY Swap 1-Month LIBOR + 2.90% June 1, 2015 February 21, 2017 Hyatt, Union Square, New York, NY** Cap 1-Month LIBOR + 2.30% June 10, 2015 June 10, 2019 - $ $ *On February 1, 2015, the interest rate swap associated with Capitol Hill Hotel matured, and we refinanced the debt on this property. See “Note 5 – Debt” for more information regarding this refinance. ** On June 10, 2015, we refinanced the debt associated with Hyatt Union Square. As a result, we entered into an interest rate cap with a strike rate of 3.000%. The original interest rate cap will mature on April 9, 2016. See “Note 5 – Debt” for more information regarding this refinance. *** On August 10, 2015, we paid off the debt associated with Courtyard, Miami, FL, and therefore, terminated the interest rate swap associated with the mortgage on this property. As a result of this termination, we expensed $190 in fees. See “Note 5 – Debt” for more information regarding this pay-off. The fair value of certain swaps and our interest rate caps is included in other assets at September 30, 2015 and December 31, 2014 and the fair value of certain of our interest rate swaps is included in accounts payable, accrued expenses and other liabilities at September 30, 2015 and December 31, 2014. The net change in fair value of derivative instruments designated as cash flow hedges was a loss of $69 and a gain of $805 for the three months ended September 30, 2015 and 2014, respectively, and a loss of $690 and a gain of $286 for the nine months ended September 30, 2015 and 2014, respectively. These unrealized losses /gains were reflected on our consolidated balance sheet in accumulated other comprehensive loss /gain . Amounts reported in accumulated other comprehensive income related to derivatives will be reclassified to interest expense as interest payments are made on the Company’s variable-rate derivative. The change in net unrealized gains/losses on cash flow hedges reflects a reclassification of $575 and $368 , and $1,286 and $1,141 of net unrealized gains/losses from accumulated other comprehensive income as an increase to interest expense for the three and nine months ended Septeber 30, 2015 and 2014, respectively. For the next twelve months ending September 30, 2016, the Company estimates that an additional $710 will be reclassified as an increase to interest expense. NOTE 7 – FAIR VALUE MEASUREMENTS AND DERIVATIVE INSTRUMENTS (CONTINUED) Fair Value of Debt The Company estimates the fair value of its fixed rate debt and the credit spreads over variable market rates on its variable rate debt by discounting the future cash flows of each instrument at estimated market rates or credit spreads consistent with the maturity of the debt obligation with similar credit policies. Credit spreads take into consideration general market conditions and maturity. The inputs utilized in estimating the fair value of debt are classified in Level 2 of the fair value hierarchy. As of September 30, 2015, the carrying value and estimated fair value of the Company’s debt were $1,090,107 and $1,084,450 , respectively. As of December 31, 2014, the carrying value and estimated fair value of the Company’s debt was $918,923 and $916,877 , respectively.

Share Based Payments

Share Based Payments	9 Months Ended
	Sep. 30, 2015
Share Based Payments [Abstract]
Share Based Payments	NOTE 8 – SHARE BASED PAYMENTS In May 2011, the Company established and our shareholders approved the Hersha Hospitality Trust 2012 Equity Incentive Plan (the “2012 Plan”) for the purpose of attracting and retaining executive officers, employees, trustees and other persons and entities that provide services to the Company. Executives & Employees Annual Long Term Equity Incentive Programs To further align the interests of the Company’s executives with those of shareholders, the Compensation Committee grants annual long term equity incentive awards that are both “performance based” and “time based.” On March 18, 2015, the Compensation Committee approved the 2015 Annual Long Term Equity Incentive Program (“2015 Annual EIP”) for the executive officers, pursuant to which the executive officers are eligible to earn equity awards in the form of stock awards or performance share awards issuable pursuant to the 2012 Plan (“LTIP Units”). LTIP Units are earned under the 2015 Annual EIP based on achieving a threshold, target or maximum level of performance in the performance of RevPAR growth in certain defined areas. The Company accounts for these grants as performance awards for which the Company assesses the probable achievement of the performance conditions at the end of each period. As of Sepember 30, 2015, no shares or LTIP Units have been issued in accordance with the 2012 Plan to the executive officers in settlement of 2015 Annual EIP awards. The following table is a summary of all unvested LTIP Units issued to executives: Units Vested Unearned Compensation Issuance Date LTIP Units Issued Vesting Period Vesting Schedule September 30, 2015 December 31, 2014 September 30, 2015 December 31, 2014 March 30, 2015 (2014 Annual EIP) 3 years 25%/year (1) - $ $ - December 23, 2014 (2013 Annual EIP) (3) 3 years 25%/year (1) December 23, 2014 (2012 Annual EIP) (3) 3 years 25%/year (1) December 23, 2014 (3) 5 years 33% Year 3, 4, 5 (2) - $ $ (1) 25% of the issued shares or LTIP Units vested immediately upon issuance. In general, the remaining shares or LTIP Units vest 25% on the first through third anniversaries of the end of the performance period (subject to continuous employment through the applicable vesting date). (2) On April 18, 2012, the Company entered into amended and restated employment agreements with the Company’s executive officers. To induce the executives to agree to the substantial reduction in benefits upon certain terminations following a change of control as described in the agreements, the Company awarded an aggregate of 258,899 restricted common shares to the executives pursuant to the 2012 Plan, which were subsequently forfeited and replaced with LTIP Units. None of these LTIP Units will vest prior to the third anniversary of the date of issuance. Thereafter, 33.3% of each award of LTIP Units will vest on each of the third, fourth and fifth anniversaries of the date of issuance. Vesting will accelerate upon a change of control or if the relevant executive’s employment with the Company were to terminate for any reason other than for cause (as defined in the employment agreements). NOTE 8 – SHARE BASED PAYMENTS (CONTINUED) (3) On December 23, 2014, the 2012 Plan was amended and restated to add LTIP Units as a type of award available under the 2012 Plan. On this date, the Compensation Committee approved an aggregate of 487,081 LTIP Units to certain executive officers. These executive officers forfeited an aggregate of 487,081 Class A Common Shares, all of which were unvested as of the grant date of the LTIP Units and previously awarded to the executive officers under the 2012 Plan as restricted stock awards. These LTIP Units are subject to the same time-based vesting conditions that applied to the forfeited restricted stock awards. Stock based compensation expense related to the Annual Long Term Equity Incentive Program of $ 1,001 a nd $ 1,215 and $ 3,132 and $ 2,740 was incurred during the three and nine months ended September 30, 2015 and 2014, respectively. Unea rned compensation related to the Annual Long Term Equity Incentive Program as of September 30, 2015 and December 31, 2014 was $3, 192 and $ 3,541 , respectively. Compensation related to the LTIP Units is included in Noncontrolling Interests on the Company’s Consolidated Balance Sheets and Consolidated Statements of Equity. Multi-Year Long Term Equity Incentive Programs On March 18, 2015, the Compensation Committee approved the 2015 Multi-Year Long Term Equity Incentive Program (“2015 Multi-Year EIP”). The shares or LTIP Units issuable under this program are based on the Company’s achievement of a certain level of (1) absolute total shareholder return (37.50% of the award), (2) relative total shareholder return as compared to the Company’s peer group (37.50% of the award), and (3) relative growth in revenue per available room compared to the Company’s peer group (25% of the award). This program has a three -year performance period which commenced on January 1, 2015 and ends December 31, 2017. As of September 30, 2015, no shares or LTIP Units have been issued to the executive officers in settlement of 2015 Multi-Year EIP awards. On April 11, 2014, the Compensation Committee approved the 2014 Multi-Year Long Term Equity Incentive Program (“2014 Multi-Year EIP”). The common shares issuable under this program are based on the Company’s achievement of a certain level of (1) absolute total shareholder return (37.50% of the award), (2) relative total shareholder return as compared to the Company’s peer group (37.50% of the award), and (3) relative growth in revenue per available room compared to the Company’s peer group (25% of the award). This program has a three -year performance period which commenced on January 1, 2014 and ends December 31, 2016. As of September 30, 2015, no common shares have been issued to the executive officers in settlement of 2014 Multi-Year EIP awards. On April 15, 2013, the Compensation Committee approved the 2013 Multi-Year Long Term Equity Incentive Plan (“2013 Multi-Year EIP”). The common shares issuable under this program are based on the Company’s achievement of a certain level of (1) absolute total shareholder return ( 50% of the award), (2) relative total shareholder return as compared to the Company’s peer group ( 25% of the award), and (3) relative growth in revenue per available room compared to the Company’s peer group ( 25% of the award). This program has a three -year performance period which commenced on January 1, 2013 and ends December 31, 2015. As of September 30, 2015, no common shares have been issued to the executive officers in settlement of 2013 Multi-Year EIP awards. The Company accounts for the total shareholder return components of these grants as market based awards where the Company estimates unearned compensation at the grant date fair value which is then amortized into compensation cost over the vesting period of each individual plan. The Company accounts for the RevPAR component of the grants as performance-based awards for which the Company assesses the probable achievement of the performance conditions at the end of the reporting period. Stock based compensation expe nse of $ 217 and $ 167 and $ 601 and $ 431 was recorded for the three and nine months ended September 30, 2015 and 2014, respectively, for the Multi-Year Long Term Equity Incentive Programs. Unearned compensation related to the multi-year program as of September 30, 2015 and December 31, 2014, respectively, was $1, 764 and $1, 621 . NOTE 8 – SHARE BASED PAYMENTS (CONTINUED) Restricted Share Awards In addition to stock based compensation expense related to awards to executives under the Multi-Year and Annual Long Term Equity Incentive Programs, stock based compensation expense related to restricted common shares issued to employees of the Company o f $ 135 and $ 120 and $330 an d $294 was incurred during the three and nine months ended September 30, 2015 and 2014, respectively. Unearned compensation related to the restricted share awards as of September 30, 2015 and December 31, 2014 was $ 599 and $ 322 , respectively. The following table is a summary of all unvested share awards issued to executives under the 2012 Plan and prior to equity incentive plans: Shares Vested Unearned Compensation Original Issuance Date Original Shares Issued Share Price on Date of Grant* Vesting Period Vesting Schedule September 30, 2015 December 31, 2014 September 30, 2015 December 31, 2014 July 14, 2015 $ 28.09 2 - 4 years 25 - 50% /year - - $ $ - June 1, 2015 25.92 2 years 50% /year - - - March 27, 2015 25.88 2 years 50% /year - - July 15, 2014 27.00 2 years 50% /year June 23, 2014 26.00 2 years 50% /year - March 24, 2014 22.76 2 years 50% /year - February 13, 2014 21.76 2 years 50% /year - June 28, 2013 22.56 2 -4 years 25 -50% /year June 29, 2012 21.12 2 -4 years 25 -50% /year June 30, 2011 22.28 2 -4 years 25 -50% /year - Total $ $ *Original share price on date of grant was multiplied by four to account for the reverse share split which occurred on June 22, 2015. See “Note 1 – Basis of Presentation” for more information. Trustees Annual Retainer The Compensation Committee approved a program that allows the Company’s trustees to make a voluntary election to receive any portion of the annual cash retainer in the form of common equity valued at a 25% premium to the cash that would have been received. On December 30, 2014, we issued 3,215 shares which do not fully vest until December 31, 2015. Compensation expense incurred for the three and nine months ended September 30, 2015 and 2014, respectively, was $ 23 and $ 55 and $70 and $165 . The following table is a summary of all unvested share awards issued to trustees in lieu of annual cash retainer: Unearned Compensation Original Issuance Date Shares Issued Share Price on Date of Grant* Vesting Period Vesting Schedule September 30, 2015 December 31, 2014 December 30, 2014 $ 1 year 100% $ $ *Original share price on date of grant was multiplied by four to account for the reverse share split which occurred on June 22, 2015. See “Note 1 – Basis of Presentation” for more information. NOTE 8 – SHARE BASED PAYMENTS (CONTINUED) Multi-Year Long-Term Equity Incentives Compensation expense for the multi-year long term incentive plans for the Company’s trustees incurred for the three and nine months ended September 30, 2015 and 2014, respectively, was $ 15 and $15 and $45 and $45 . Une arned compensation related to the multi-year long term equity incentives was $ 81 and $1 27 as of September 30, 2015 and December 31, 2014, respectively. The following table is a summary of all unvested share awards issued to trustees under the 2012 Plan and prior to equity incentive plans: Shares Vested Unearned Compensation Original Issuance Date Shares Issued Vesting Period Vesting Schedule September 30, 2015 December 31, 2014 September 30, 2015 December 31, 2014 December 30, 2014 3 years 33% /year - - $ $ December 27, 2013 3 years 33% /year December 28, 2012 3 years 33% /year $ $ Share Awards Compensation expense related to share awards issued to the Board of Trustees of $271 and $309 was incurred during the nine months ended September 30, 2015 and 2014, respectively, and is recorded in general and administrative expense on the statement of operations. Share grants issued to the Board of Trustees are immediately vested. On June 1, 2015, an aggregate of 10,442 shares were issued to the Board of Trustees at a price per share on the date of grant of $25.92. Non-employees The Company issues share based awards as compensation to non-employees for services provided to the Company consisting primarily of restricted common sh ares. The Company recorded stock based compensation expense of $ 20 and $ 23 and $ 156 and $ 172 for the three and nine months ended September 30, 2015, respectively. Unearned compensation related to the restricted share awards as of September 30, 2015 and December 31, 2014 was $95 and $81 , respectively. The following table is a summary of all unvested share awards issued to non-em ployees under the Company’s 2012 Equity Incentive Plan: Shares Vested Unearned Compensation Original Issuance Date Shares Issued Share Price on Date of Grant* Vesting Period Vesting Schedule September 30, 2015 December 31, 2014 September 30, 2015 December 31, 2014 March 27, 2015 $ 2 years 50% /year - $ $ - March 24, 2014 $ 2 years 50% /year - Total $ $ *Original share price on date of grant was multiplied by four to account for the reverse share split which occurred on June 22, 2015. See “Note 1 – Basis of Presentation” for more information.

Earnings Per Share

Earnings Per Share	9 Months Ended
	Sep. 30, 2015
Earnings Per Share [Abstract]
Earnings Per Share	NOTE 9 – EARNINGS PER SHARE The following table is a reconciliation of the income or loss (numerator) and the weighted average shares (denominator) used in the calculation of basic and diluted earnings per common share. The computation of basic and diluted earnings per share is presented below. Three Months Ended September 30, Nine Months Ended September 30, 2015 2014 2015 2014 NUMERATOR: Basic and Diluted* Income from Continuing Operations $ $ $ $ (Income) Loss from Continuing Operations allocated to Noncontrolling Interests Distributions to Preferred Shareholders Dividends Paid on Unvested Restricted Shares and LTIP Units Income from Continuing Operations attributable to Common Shareholders Discontinued Operations Loss from Discontinued Operations - - - Loss from Discontinued Operations allocated to Noncontrolling Interests - - - Loss from Discontinued Operations attributable to Common Shareholders - - - Net Income attributable to Common Shareholders $ $ $ $ DENOMINATOR: Weighted average number of common shares - basic Effect of dilutive securities: Restricted Stock Awards and LTIP Units (unvested) Contingently Issued Shares Weighted average number of common shares - diluted * Income (loss) allocated to noncontrolling interest in HHLP has been excluded from the numerator and Common U nits and vested LTIP Units have been omitted from the denominator for the purpose of computing diluted earnings per share since including these amounts in the numerator and denominator would have no impact. In addition, potentially dilutive common shares, if any, have been excluded from the denominator if they are anti-dilutive to income (loss) from continuing operations applicable to common shareholders. The following table summarizes potentially dilutive securities that have been excluded from the denominator for the purpose of computing diluted earnings per share: Three Months Ended September 30, Nine Months Ended September 30, 2015 2014 2015 2014 Common Units and Vested LTIP Units Total potentially dilutive securities excluded from the denominator

Cash Flow Disclosures And Non C

Cash Flow Disclosures And Non Cash Investing And Financing Activities	9 Months Ended
	Sep. 30, 2015
Cash Flow Disclosures And Non Cash Investing And Financing Activities [Abstract]
Cash Flow Disclosures And Non Cash Investing And Financing Activities	NOTE 1 0 – CASH FLOW DISCLOSURES AND NON CASH INVESTING AND FINANCING ACTIVITIES Interest paid during the nine months ended September 30, 2015 and 201 4 totaled $29,976 and $ 30,538 , respectively . The following non-cash investing and financing activities occurred during 201 5 and 201 4 : 2015 2014 Common Shares issued as part of the Dividend Reinvestment Plan $ $ Acquisition of hotel properties: Debt assumed, including premium Settlement of development loan receivable principal and accrued interest revenue receivable - Disposition of hotel properties: Debt assumed by purchaser -

Hotel Dispositions

Hotel Dispositions	9 Months Ended
	Sep. 30, 2015
Hotel Dispositions [Abstract]
Hotel Dispositions	NOTE 1 1 – HOTEL DISPOSITIONS Ef fective January 1, 2014, we adopted ASU Update No. 2014-08 concerning the classification and reporting of discontinued operations. This amendment defines discontinued operations as a component of an entity that represents a strategic shift that has (or will have) a major effect on an entity’s operations and financial re sults. As a result of the adoption of ASU Update No. 2014-08, we anticipate that most of our hotel dispositions will not be classified as discontinued operations as most will not fit this definition. For transactions that have been classified as held for sale or as discontinued operations for periods prior to our adoption of ASU Update No. 2014-08, we continue d to present the operating results as discontinued operations in the statements of operations for all applicable periods presented. Disposed Assets On April 30, 2014, the Company closed on the sale of Hotel 373, New York, NY to an unaffiliated buyer for a total sales price of $37,000 with a gain on sale of approximately $7,227 and reduction of the Company’s mortgage debt by $18,356 . This hotel was acquired by the Company in June 2007. The operating results for this hotel are included in income from continuing operations as shown in the consolidated statements of operations fo r the nine months ended September 30, 2014 as disposition of this hotel does not represent a strategic shift in our business. The operations from this property included income of $17 and a loss of $133 for the nine months ended September 30, 2014, respectively. On September 20, 2013, the Company entered into a purchase and sale agreement to dispose of a portfolio of 16 non-core hotel properties, for an aggregate purchase price of approximately $217,000 . The 16 non-core hotel properties in the portfolio were acquired by the Company between 1999 and 2010. On December 20, 2013, the Company closed on the sale of 12 of these non-core hotel properties and closed on the remaining four properties in February 2014. The operating results for these four assets were reclassified to discontinued operations in the s tatement of oper ations for nine months ended September 30, 2014. As we entered into a purchase and sale agreement for this portfolio prior to the adoption of ASU Upda te No. 2014-08, we recorded $288 of income for discontinued operations during the nine months ended September 30, 2014. In addition, we recorded an impairment loss of $1,800 in the first quarter of 2014, as the proceeds did not exceed the carrying value for certain of these properties. Lastly, we recorded a loss of $ 45 during the nine months ended September 30, 2014 in con nection with the closing of these four hotels. As of September 30, 2015 and December 31, 2014, we had no assets or liabilities related to assets held for sale. The following table sets forth the components of discontinued operations for the nine months ended September 30, 2014 . We did not record income or loss from discontinued operations for the three months ended September 30, 2014. Nine Months Ended September 30, 2014 Revenue: Hotel Operating Revenues $ Total Revenues Expenses: Hotel Operating Expenses Gain on Insurance Settlements Real Estate and Personal Property Taxes and Property Insurance General and Administrative Interest Expense Total Expenses Income from Discontinued Operations $ We allocate to income or loss from discontinued operations interest expense related to debt that is to be assumed or that is required to be repaid as a result of the disposal transaction.

Basis Of Presentation (Policies

Basis Of Presentation (Policies)	9 Months Ended
	Sep. 30, 2015
Basis Of Presentation [Abstract]
Noncontrolling Interest	Noncontrolling Interest We classify the noncontrolling interests of our consolidated variable interest entity and common units and LTIP units of limited partnership interest in HHLP (“Common Units”) as equity. LTIP units are a special class of limited partnership interest in the Operating Partnership that are convertible into Common Units under certain circumstances. The noncontrolling interest of Common Units totaled $31,449 as of September 30 , 2015 and $29,082 as of December 31, 2014. As of September 30 , 2015, there were 2,319,301 Common Units outstanding with a fair market value of $52,555 , based on the price per share of our common shares on the NYSE on such date. In accordance with the partnership agreement of HHLP, holders of these units may redeem them for cash unless we, in our sole and absolute discretion, elect to issue common shares on a one-for-one basis in lieu of paying cash. Net income or loss attributed to Common Units, as well as the net income or loss related to the noncontrolling interests of our consolidated variable interest entity, is included in net income or loss but excluded from net income or loss applicable to common shareholders in the consolidated statements of operations.
Shareholders' Equity	Shareholders’ Equity Terms of the Series B and Series C Preferred Shares outstanding at September 30 , 2015 and December 31, 2014 are summarized as follows: Dividend Per Share Shares Outstanding Nine Months Ended September 30, Series September 30, 2015 December 31, 2014 Aggregate Liquidation Preference Distribution Rate 2015 2014 Series B $ $ $ Series C Total NOTE 1 – BASIS OF PRESENTATION (CONTINUED) In May 2015 , our Board of Trustees approved a reverse share split of our issued and outstanding c ommon shares and C ommon U nits and LTIP units at a ratio of 1-for-4. This reverse share split converted every four issued and outstanding commo n shares into one common share. The reverse share split was effective as of 5:00 PM Eastern time on June 22, 2015. As a result of the reverse share split, the number of outstanding common shares was reduced from 191,079,951 to 47,769,961 shares and the number of outstanding Common Units and LTIP Units was reduced from 9,313,063 to 2,328,276 units. In addition, the second quarter dividend was adjusted to $0.28 per common share from the previously announced $0.07 per common share. All common share, Common Unit and LTIP Units and per share data related to these classes of equity have been updated in this Quarterly Report on Form 10-Q to reflect this share split for all periods presented. In February 2015, our Board of Trustees authorized us to repurchase from time to time up to an aggregate of $100,000 of our outstanding common shares through December 31, 2015 . For the nine months ended September 30 , 2015 , the Company repurchased 3,420,938 common shares for an aggregate purchase price of $85,317 . Upon repurchase by the Company, these common shares ceased to be outstanding and became authorized but unissued common shares. In October 2015, our Board of Trustees authorized us to repurchase from time to time up to an aggregate of $100,000 of our outstanding common shares. This new program is in addition to the existing $100,000 program authorized in February 2015 and will commence upon completion of the existing $100,000 common share repurchase program, and will expire on December 31, 2016. As of October 28, 2015, we have no t repurchased any common shares pursuant to the new program as our existing repurchase agreement is still in effect.
New Accounting Pronouncements	New Accounting Pronouncements On May 28, 2014, the FASB issued ASU No. 2014-09, Revenue from Contracts with Customers, which requires an entity to recognize the amount of revenue to which it expects to be entitled for the transfer of promised goods or services to customers. The ASU will replace most existing revenue recognition guidance in U.S. GAAP when it becomes effective. The new standard is effective for the Company on January 1, 201 8 . Early adoption is permitted, but not prior to the original effective date of January 1, 2017 . The standard permits the use of either the retrospective or cumulative effect transition method. The Company is evaluating the effect that ASU No. 2014-09 will have on its consolidated financial statements and related disclosures. The Company has not yet selected a transition method nor has it determined the effect of the standard on its ongoing financial reporting. On February 18, 2015, the FASB issued ASU No. 2015-02, Consolidation – Amendments to the Consolidation Analysis, which amends the current consolidation guidance affecting both the variable interest entity (VIE) and voting interest entity (VOE) consolidation models. The standard does not add or remove any of the characteristics in determining if an entity is a VIE or VOE, but rather enhances the way the Company assesses some of these characteristics. The new standard is effective for the Company on January 1, 2016. The Company does not expect ASU No. 2015-02 to have a significant impact on its consolidated financial statements and related disclosures. On April 17, 2015, the FASB issued ASU No. 2015-03, Simplifying the Presentation of Debt Issuance Costs, which requires debt issuance costs to be presented in the balance sheet as a direct deduction from the associated debt liability. Currently, debt issuance costs are recorded as an asset and amortization of these deferred financing costs is recorded in interest expense. Under the new standard, debt issuance costs will continued to be amortized over the life of the debt instrument and amortization will continue to be recorded in interest expense. The new standard is effective for the Company on January 1, 2016 and will be applied on a retrospective basis. The Company is currently evaluating ASU 2015-03, and anticipates a chang e in our presentation only because the standard does not alter the accounting for amortization of debt issuance costs.

Basis Of Presentation (Tables)

Basis Of Presentation (Tables)	9 Months Ended
	Sep. 30, 2015
Basis Of Presentation [Abstract]
Schedule Of Preferred Shares	Dividend Per Share Shares Outstanding Nine Months Ended September 30, Series September 30, 2015 December 31, 2014 Aggregate Liquidation Preference Distribution Rate 2015 2014 Series B $ $ $ Series C Total

Investment In Hotel Properties

Investment In Hotel Properties (Tables)	9 Months Ended
	Sep. 30, 2015
Investment In Hotel Properties [Abstract]
Investment In Hotel Properties	June 30, 2015 December 31, 2014 Land $ $ Buildings and Improvements Furniture, Fixtures and Equipment Less Accumulated Depreciation Total Investment in Hotel Properties $ $
Wholly Owned Hotel Property Acquired	Hotel Acquisition Date Land Buildings and Improvements Furniture Fixtures and Equipment Other Intangibles Loan Costs Total Purchase Price Assumption of Debt St. Gregory Hotel, Washington, DC 6/16/2015 $ $ $ $ $ $ $ * TownePlace Suites, Sunnyvale, CA 8/25/2015 $ - $ $ $ ** $ - $ $ - TOTAL $ $ $ $ $ $ $ *Includes a $3,050 premium as we determined that the stated rate of interest on the assumed mortgage debt was above market. **Acquired ground lease asset of $6,353 with purchase of the property. Acquisition-related costs, such as due diligence, legal and accounting fees, are not capitalized or applied in determining the fair value of the above acquired assets. During the nine months ended September 30, 2015, we paid $160 in acquisition costs related to the above acquired assets.
Condensed Pro Forma Financial Data	Three Months Ended September 30, Nine Months Ended September 30, 2015 2014 2015 2014 Pro Forma Total Revenues $ Pro Forma Income from Continuing Operations $ Loss from Discontinued Operations - - - Pro Forma Net Income (Loss) Income Allocated to Noncontrolling Interest Preferred Distributions Pro Forma Net Income Applicable to Common Shareholders $ $ $ $ Pro Forma Income Applicable to Common Shareholders per Common Share Basic $ $ $ $ Diluted $ $ $ $ Weighted Average Common Shares Outstanding Basic Diluted

Investment In Unconsolidated 24

Investment In Unconsolidated Joint Ventures (Tables)	9 Months Ended
	Sep. 30, 2015
Investment In Unconsolidated Joint Ventures [Abstract]
Investment In Unconsolidated Joint Ventures	Percent Preferred September 30, December 31, Joint Venture Hotel Properties Owned Return 2015 2014 SB Partners, LLC Holiday Inn Express, South Boston, MA N/A $ $ Hiren Boston, LLC Courtyard by Marriott, South Boston, MA N/A Mystic Partners, LLC Hilton and Marriott branded hotels in CT 8.8% - 66.7% 8.5% non-cumulative $ $
Income (Loss) From Unconsolidated Joint Ventures	Three Months Ended September 30, Nine Months Ended September 30, 2015 2014 2015 2014 SB Partners, LLC $ $ $ $ Hiren Boston, LLC Mystic Partners, LLC Income from Unconsolidated Joint Venture Investments $ $ $ $
Summary Financial Information Related To Unconsolidated Joint Ventures	Balance Sheets September 30, December 31, 2015 2014 Assets Investment in Hotel Properties, Net $ $ Other Assets Total Assets $ $ Liabilities and Equity Mortgages and Notes Payable $ $ Other Liabilities Equity: Hersha Hospitality Trust Joint Venture Partner(s) Total Equity Total Liabilities and Equity $ $ Statements of Operations Three Months Ended September 30, Nine Months Ended September 30, 2015 2014 2015 2014 Room Revenue $ $ $ $ Other Revenue Operating Expenses Lease Expense Property Taxes and Insurance General and Administrative Depreciation and Amortization Interest Expense Debt Extinguishment and Gain on Debt Forgiveness - - Gain (Loss) allocated to Noncontrolling Interests Net Income $ $ $ $
Reconciliation Of Share In Unconsolidated Joint Ventures' Equity In Investment In Unconsolidated Joint Ventures	September 30, December 31, 2015 2014 Company's share of equity recorded on the joint ventures' financial statements $ $ Adjustment to reconcile the Company's share of equity recorded on the joint ventures' financial statements to our investment in unconsolidated joint ventures (1) Investment in Unconsolidated Joint Ventures $ $ (1) Adjustment to reconcile the Company's share of equity recorded on the joint ventures' financial statements to our investment in unconsolidated joint ventures consists of the following: · cumulative impairment of the Company’s investment in joint ventures not reflected on the joint ventures' financial statements; · the Company’s basis in the investment in joint ventures not recorded on the joint ventures' financial statements; and accumulated amortization of the Company’s equity in joint ventures that reflects the Company’s portion of the excess of the fair value of joint ventures' assets on the date of our investment over the carrying value of the assets recorded on the joint ventures financial statements (this excess investment is amortized over the life of the properties, and the amortization is included in Income (Loss) from Unconsolidated Joint Venture Investments on the Company’s consolidated statement of operations).

Other Assets (Tables)

Other Assets (Tables)	9 Months Ended
	Sep. 30, 2015
Other Assets [Abstract]
Other Assets	September 30, 2015 December 31, 2014 Investment in Statutory Trusts Prepaid Expenses Deferred Tax Asset, Net of Valuation Allowance of $804 Other $ $

Fair Value Measurements And D26

Fair Value Measurements And Derivative Instruments (Tables)	9 Months Ended
	Sep. 30, 2015
Fair Value Measurements And Derivative Instruments [Abstract]
Fair Value Of Interest Rate Swaps And Caps	Estimated Fair Value Hedged Debt Type Strike Rate Index Effective Date Maturity Date Notional Amount September 30, 2015 December 31, 2014 Capitol Hill Hotel, Washington, DC* Swap 1-Month LIBOR + 3.25% February 1, 2012 February 1, 2015 $ - $ - $ Hilton Garden Inn 52nd Street, New York, NY Cap 1-Month LIBOR + 2.90% May 27, 2014 June 1, 2015 - - Courtyard, LA Westside, Culver City, LA Swap 1-Month LIBOR + 3.85% September 29, 2011 September 29, 2015 - Hyatt, Union Square, New York, NY Cap 1-Month LIBOR + 4.19% April 9, 2013 April 9, 2016 - Courtyard, Miami, FL*** Swap 1-Month LIBOR + 3.50% July 2, 2012 July 1, 2016 - - Unsecured Term Loan Swap 1-Month LIBOR + 2.35% November 5, 2012 November 5, 2016 Unsecured Term Loan Swap 1-Month LIBOR + 2.35% December 18, 2012 November 5, 2016 Duane Street Hotel, New York, NY Swap 1-Month LIBOR + 4.50% February 1, 2014 February 1, 2017 Hilton Garden Inn 52nd Street, New York, NY Swap 1-Month LIBOR + 2.90% June 1, 2015 February 21, 2017 Hyatt, Union Square, New York, NY** Cap 1-Month LIBOR + 2.30% June 10, 2015 June 10, 2019 - $ $ *On February 1, 2015, the interest rate swap associated with Capitol Hill Hotel matured, and we refinanced the debt on this property. See “Note 5 – Debt” for more information regarding this refinance. ** On June 10, 2015, we refinanced the debt associated with Hyatt Union Square. As a result, we entered into an interest rate cap with a strike rate of 3.000%. The original interest rate cap will mature on April 9, 2016. See “Note 5 – Debt” for more information regarding this refinance. *** On August 10, 2015, we paid off the debt associated with Courtyard, Miami, FL, and therefore, terminated the interest rate swap associated with the mortgage on this property. As a result of this termination, we expensed $190 in fees. See “Note 5 – Debt” for more information regarding this pay-off.

Share Based Payments (Tables)

Share Based Payments (Tables)	9 Months Ended
	Sep. 30, 2015
Summary Of Unvested Share Awards Issued To Nonemployees	Shares Vested Unearned Compensation Original Issuance Date Shares Issued Share Price on Date of Grant* Vesting Period Vesting Schedule September 30, 2015 December 31, 2014 September 30, 2015 December 31, 2014 March 27, 2015 $ 2 years 50% /year - $ $ - March 24, 2014 $ 2 years 50% /year - Total $ $ *Original share price on date of grant was multiplied by four to account for the reverse share split which occurred on June 22, 2015. See “Note 1 – Basis of Presentation” for more information.
Annual LTIP Plans [Member]
Summary Of Unvested Share Awards Issued To Executives	Units Vested Unearned Compensation Issuance Date LTIP Units Issued Vesting Period Vesting Schedule June 30, 2015 December 31, 2014 June 30, 2015 December 31, 2014 March 30, 2015 (2014 Annual EIP) 3 years 25%/year (1) - $ $ - December 23, 2014 (2013 Annual EIP) (3) 3 years 25%/year (1) December 23, 2014 (2012 Annual EIP) (3) 3 years 25%/year (1) December 23, 2014 (3) 5 years 33% Year 3, 4, 5 (2) - $ $ (1) 25% of the issued shares or LTIP Units vested immediately upon issuance. In general, the remaining shares or LTIP Units vest 25% on the first through third anniversaries of the end of the performance period (subject to continuous employment through the applicable vesting date). (2) On April 18, 2012, the Company entered into amended and restated employment agreements with the Company’s executive officers. To induce the executives to agree to the substantial reduction in benefits upon certain terminations following a change of control as described in the agreements, the Company awarded an aggregate of 258,899 restricted common shares to the executives pursuant to the 2012 Plan, which were subsequently forfeited and replaced with LTIP Units. None of these LTIP Units will vest prior to the third anniversary of the date of issuance. Thereafter, 33.3% of each award of LTIP Units will vest on each of the third, fourth and fifth anniversaries of the date of issuance. Vesting will accelerate upon a change of control or if the relevant executive’s employment with the Company were to terminate for any reason other than for cause (as defined in the employment agreements). (3) On December 23, 2014, the 2012 Plan was amended and restated to add LTIP Units as a type of award available under the 2012 Plan. On this date, the Compensation Committee approved an aggregate of 487,081 LTIP Units to certain executive officers. These executive officers forfeited an aggregate of 487,081 Class A Common Shares, all of which were unvested as of the grant date of the LTIP Units and previously awarded to the executive officers under the 2012 Plan as restricted stock awards. These LTIP Units are subject to the same time-based vesting conditions that applied to the forfeited restricted stock awards.
Restricted Share Awards [Member]
Summary Of Unvested Share Awards Issued To Executives	Shares Vested Unearned Compensation Original Issuance Date Original Shares Issued Share Price on Date of Grant* Vesting Period Vesting Schedule September 30, 2015 December 31, 2014 September 30, 2015 December 31, 2014 July 14, 2015 $ 28.09 2 - 4 years 25 - 50% /year - - $ $ - June 1, 2015 25.92 2 years 50% /year - - - March 27, 2015 25.88 2 years 50% /year - - July 15, 2014 27.00 2 years 50% /year June 23, 2014 26.00 2 years 50% /year - March 24, 2014 22.76 2 years 50% /year - February 13, 2014 21.76 2 years 50% /year - June 28, 2013 22.56 2 -4 years 25 -50% /year June 29, 2012 21.12 2 -4 years 25 -50% /year June 30, 2011 22.28 2 -4 years 25 -50% /year - Total $ $ *Original share price on date of grant was multiplied by four to account for the reverse share split which occurred on June 22, 2015. See “Note 1 – Basis of Presentation” for more information.
Annual Retainer [Member]
Summary Of Unvested Share Awards Issued To Trustees	Unearned Compensation Original Issuance Date Shares Issued Share Price on Date of Grant* Vesting Period Vesting Schedule September 30, 2015 December 31, 2014 December 30, 2014 $ 1 year 100% $ $ *Original share price on date of grant was multiplied by four to account for the reverse share split which occurred on June 22, 2015. See “Note 1 – Basis of Presentation” for more information.
Multi-year LTIP Trustee [Member]
Summary Of Unvested Share Awards Issued To Trustees	Shares Vested Unearned Compensation Original Issuance Date Shares Issued Vesting Period Vesting Schedule September 30, 2015 December 31, 2014 September 30, 2015 December 31, 2014 December 30, 2014 3 years 33% /year - - $ $ December 27, 2013 3 years 33% /year December 28, 2012 3 years 33% /year $ $

Earnings Per Share (Tables)

Earnings Per Share (Tables)	9 Months Ended
	Sep. 30, 2015
Earnings Per Share [Abstract]
Reconciliation Of Earnings Per Share	Three Months Ended September 30, Nine Months Ended September 30, 2015 2014 2015 2014 NUMERATOR: Basic and Diluted* Income from Continuing Operations $ $ $ $ (Income) Loss from Continuing Operations allocated to Noncontrolling Interests Distributions to Preferred Shareholders Dividends Paid on Unvested Restricted Shares and LTIP Units Income from Continuing Operations attributable to Common Shareholders Discontinued Operations Loss from Discontinued Operations - - - Loss from Discontinued Operations allocated to Noncontrolling Interests - - - Loss from Discontinued Operations attributable to Common Shareholders - - - Net Income attributable to Common Shareholders $ $ $ $ DENOMINATOR: Weighted average number of common shares - basic Effect of dilutive securities: Restricted Stock Awards and LTIP Units (unvested) Contingently Issued Shares Weighted average number of common shares - diluted * Income (loss) allocated to noncontrolling interest in HHLP has been excluded from the numerator and Common U nits and vested LTIP Units have been omitted from the denominator for the purpose of computing diluted earnings per share since including these amounts in the numerator and denominator would have no impact. In addition, potentially dilutive common shares, if any, have been excluded from the denominator if they are anti-dilutive to income (loss) from continuing operations applicable to common shareholders.
Potentially Dilutive Shares Excluded From The Denominator For The Purpose Of Computing Diluted Earnings Per Share	Three Months Ended September 30, Nine Months Ended September 30, 2015 2014 2015 2014 Common Units and Vested LTIP Units Total potentially dilutive securities excluded from the denominator

Cash Flow Disclosures And Non29

Cash Flow Disclosures And Non Cash Investing And Financing Activities (Tables)	9 Months Ended
	Sep. 30, 2015
Cash Flow Disclosures And Non Cash Investing And Financing Activities [Abstract]
Non-cash Investing And Financing Activities	2015 2014 Common Shares issued as part of the Dividend Reinvestment Plan $ $ Acquisition of hotel properties: Debt assumed, including premium Settlement of development loan receivable principal and accrued interest revenue receivable - Disposition of hotel properties: Debt assumed by purchaser -

Hotel Dispositions (Tables)

Hotel Dispositions (Tables)	9 Months Ended
	Sep. 30, 2015
Hotel Dispositions [Abstract]
Components Of Discontinued Operations	Nine Months Ended September 30, 2014 Revenue: Hotel Operating Revenues $ Total Revenues Expenses: Hotel Operating Expenses Gain on Insurance Settlements Real Estate and Personal Property Taxes and Property Insurance General and Administrative Interest Expense Total Expenses Income from Discontinued Operations $

Basis Of Presentation (Narrativ

Basis Of Presentation (Narrative) (Details) - USD ($) $ / shares in Units, $ in Thousands	1 Months Ended		3 Months Ended	9 Months Ended
	Oct. 28, 2015	Jun. 22, 2015	Jun. 21, 2015	Sep. 30, 2015	Sep. 30, 2014	Oct. 31, 2015	Feb. 28, 2015	Dec. 31, 2014
General partnership interest (in hundredths)				1.00%
Noncontrolling Interest [Abstract]
Noncontrolling interests in Nonredeemable Common Units				$ 31,449				$ 29,082
Shareholders' Equity [Abstract]
Reverse share split				0.25
Common Shares - Outstanding (in shares)		47,769,961	191,079,951
Common Stock, Dividends declared (in dollars per share)		$ 0.28	$ 0.07	$ 0.84	$ 0.76
Stock Repurchase Program, Authorized Amount							$ 100,000
Repurchase of Common Stock (in shares)				3,420,938
Repurchase of Common Shares				$ 85,317	$ 15,284
Subsequent Event [Member]
Shareholders' Equity [Abstract]
Stock Repurchase Program, Authorized Amount						$ 100,000
Repurchase of Common Stock (in shares)	0
Hersha Hospitality Limited Partnership ("HHLP") [Member]
Approximate ownership percentage in the Partnership (in hundredths)				95.20%
Noncontrolling Interests Common Units and LTIP Units [Member]
Noncontrolling Interest [Abstract]
Noncontrolling interests in Nonredeemable Common Units				$ 31,449				$ 29,082
Nonredeemable common units outstanding (in shares)				2,319,301
Fair market value of nonredeemable common units				$ 52,555
Shareholders' Equity [Abstract]
Common Shares - Outstanding (in shares)		2,328,276	9,313,063

Basis Of Presentation (Schedule

Basis Of Presentation (Schedule Of Preferred Shares) (Details) - USD ($) $ / shares in Units, $ in Thousands	9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Dec. 31, 2014
Shares Outstanding	7,600,000		7,600,000
Series B Preferred Shares [Member]
Shares Outstanding	4,600,000		4,600,000
Aggregate Liquidation Preference	$ 115,000
Distribution Rate	8.00%
Dividend Per Share	$ 1.5000	$ 1.5000
Series C Preferred Shares [Member]
Shares Outstanding	3,000,000		3,000,000
Aggregate Liquidation Preference	$ 75,000
Distribution Rate	6.875%
Dividend Per Share	$ 1.2891	$ 1.2891

Investment In Hotel Propertie33

Investment In Hotel Properties (Narrative) (Details) - USD ($) $ in Thousands	1 Months Ended	3 Months Ended	9 Months Ended
	Oct. 31, 2015	Sep. 30, 2015	Sep. 30, 2015
Business Acquisition [Line Items]
Acquisition costs			$ 160
St. Gregory Hotel, Washington, DC And TownePlace Suites, Sunnyvale, CA [Member]
Business Acquisition [Line Items]
Total revenues		$ 2,902	3,397
Total net income		$ (39)	$ (36)
Sanctuary Beach Resort in Monterey, CA [Member]
Business Acquisition [Line Items]
Purchase and sale agreement, total purchase price	$ 39,500

Investment In Hotel Propertie34

Investment In Hotel Properties (Investment In Hotel Properties) (Details) - USD ($) $ in Thousands	Sep. 30, 2015	Dec. 31, 2014
Business Acquisition [Line Items]
Total Investment in Hotel Properties, Gross	$ 2,167,087	$ 2,067,657
Less Accumulated Depreciation	(377,010)	(322,174)
Total Investment in Hotel Properties	1,790,077	1,745,483
Land [Member]
Business Acquisition [Line Items]
Total Investment in Hotel Properties, Gross	463,304	439,540
Building and Improvements [Member]
Business Acquisition [Line Items]
Total Investment in Hotel Properties, Gross	1,485,736	1,424,842
Furniture, Fixtures And Equipment [Member]
Business Acquisition [Line Items]
Total Investment in Hotel Properties, Gross	$ 218,047	$ 203,275

Investment In Hotel Propertie35

Investment In Hotel Properties (Wholly Owned Hotel Properties Acquired) (Details) $ in Thousands	9 Months Ended
	Sep. 30, 2015USD ($)
Business Acquisition [Line Items]
Total Purchase Price	$ 88,832
Assumption of Debt	28,902
Other Intangibles [Member]
Business Acquisition [Line Items]
Total Purchase Price	6,498
Loan Costs [Member]
Business Acquisition [Line Items]
Total Purchase Price	978
Land [Member]
Business Acquisition [Line Items]
Total Purchase Price	23,764
Building and Improvements [Member]
Business Acquisition [Line Items]
Total Purchase Price	52,004
Furniture, Fixtures And Equipment [Member]
Business Acquisition [Line Items]
Total Purchase Price	$ 5,588
St. Gregory Hotel, Washington, DC [Member]
Business Acquisition [Line Items]
Acquisition Date	Jun. 16, 2015
Total Purchase Price	$ 61,032
Assumption of Debt	28,902
Premium recorded on assumed mortgage debt	3,050
St. Gregory Hotel, Washington, DC [Member] | Other Intangibles [Member]
Business Acquisition [Line Items]
Total Purchase Price	45
St. Gregory Hotel, Washington, DC [Member] | Loan Costs [Member]
Business Acquisition [Line Items]
Total Purchase Price	978
St. Gregory Hotel, Washington, DC [Member] | Land [Member]
Business Acquisition [Line Items]
Total Purchase Price	23,764
St. Gregory Hotel, Washington, DC [Member] | Building and Improvements [Member]
Business Acquisition [Line Items]
Total Purchase Price	33,005
St. Gregory Hotel, Washington, DC [Member] | Furniture, Fixtures And Equipment [Member]
Business Acquisition [Line Items]
Total Purchase Price	$ 3,240
TownePlace Suites, Sunnyvale, CA [Member]
Business Acquisition [Line Items]
Acquisition Date	Aug. 25, 2015
Total Purchase Price	$ 27,800
TownePlace Suites, Sunnyvale, CA [Member] | Other Intangibles [Member]
Business Acquisition [Line Items]
Total Purchase Price	6,453
TownePlace Suites, Sunnyvale, CA [Member] | Building and Improvements [Member]
Business Acquisition [Line Items]
Total Purchase Price	18,999
TownePlace Suites, Sunnyvale, CA [Member] | Furniture, Fixtures And Equipment [Member]
Business Acquisition [Line Items]
Total Purchase Price	$ 2,348

Investment In Hotel Propertie36

Investment In Hotel Properties (Condensed Pro Forma Financial Data) (Details) - USD ($) $ / shares in Units, $ in Thousands		3 Months Ended		9 Months Ended
		Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Investment In Hotel Properties [Abstract]
Pro Forma Total Revenues		$ 125,345	$ 116,512	$ 352,375	$ 322,791
Pro Forma Income from Continuing Operations		14,753	7,889	30,322	65,340
Loss from Discontinued Operations					(1,557)
Pro Forma Net Income		14,753	7,889	30,322	63,783
Income (Loss) Allocated to Noncontrolling Interest		(258)	39	(232)	(1,238)
Preferred Distributions		(3,589)	(3,589)	(10,767)	(10,767)
Pro Forma Net Income Applicable to Common Shareholders		$ 10,906	$ 4,339	$ 19,323	$ 51,778
Pro Forma Income Applicable to Common Shareholders per Common Share: Basic		$ 0.23	$ 0.09	$ 0.40	$ 1.04
Pro Forma Income Applicable to Common Shareholders per Common Share: Diluted		$ 0.23	$ 0.09	$ 0.39	$ 1.03
Weighted Average Common Shares Outstanding: Basic		47,417,452	49,649,379	48,502,387	49,817,680
Weighted Average Common Shares Outstanding: Diluted	[1]	47,909,549	50,155,497	49,035,700	50,276,464
[1]	Income (loss) allocated to noncontrolling interest in HHLP has been excluded from the numerator and Common Units and vested LTIP Units have been omitted from the denominator for the purpose of computing diluted earnings per share since including these amounts in the numerator and denominator would have no impact. In addition, potentially dilutive common shares, if any, have been excluded from the denominator if they are anti-dilutive to income (loss) from continuing operations applicable to common shareholders.

Investment In Unconsolidated 37

Investment In Unconsolidated Joint Ventures (Investment In Unconsolidated Joint Ventures) (Details) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2015	Dec. 31, 2014
Investments in Unconsolidated Joint Ventures [Line Items]
Investment in unconsolidated joint ventures	$ 10,934	$ 11,150
SB Partners, LLC [Member] | Holiday Inn Express, Boston, MA [Member]
Investments in Unconsolidated Joint Ventures [Line Items]
Percent Owned	50.00%
Investment in unconsolidated joint ventures	$ 983	913
Hiren Boston, LLC [Member] | Courtyard by Marriott, Boston, MA [Member]
Investments in Unconsolidated Joint Ventures [Line Items]
Percent Owned	50.00%
Investment in unconsolidated joint ventures	$ 4,753	4,680
Mystic Partners, LLC [Member] | Hilton and Marriott branded hotels in CT [Member]
Investments in Unconsolidated Joint Ventures [Line Items]
Preferred Return	8.50%
Investment in unconsolidated joint ventures	$ 5,198	$ 5,556
Mystic Partners, LLC [Member] | Hilton and Marriott branded hotels in CT [Member] | Minimum [Member]
Investments in Unconsolidated Joint Ventures [Line Items]
Percent Owned	8.80%
Mystic Partners, LLC [Member] | Hilton and Marriott branded hotels in CT [Member] | Maximum [Member]
Investments in Unconsolidated Joint Ventures [Line Items]
Percent Owned	66.70%

Investment In Unconsolidated 38

Investment In Unconsolidated Joint Ventures (Income (Loss) From Unconsolidated Joint Ventures) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Investments in Unconsolidated Joint Ventures [Line Items]
Income from Unconsolidated Joint Venture Investments	$ 608	$ 607	$ 860	$ 606
SB Partners, LLC [Member]
Investments in Unconsolidated Joint Ventures [Line Items]
Income (Loss) from Unconsolidated Joint Venture Investments	297	238	494	322
Hiren Boston, LLC [Member]
Investments in Unconsolidated Joint Ventures [Line Items]
Income (Loss) from Unconsolidated Joint Venture Investments	391	332	598	480
Mystic Partners, LLC [Member]
Investments in Unconsolidated Joint Ventures [Line Items]
Income (Loss) from Unconsolidated Joint Venture Investments	$ (80)	$ 37	$ (232)	$ (196)

Investment In Unconsolidated 39

Investment In Unconsolidated Joint Ventures (Summary Financial Information Related To Unconsolidated Joint Ventures) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014	Dec. 31, 2014
Assets
Investment in Hotel Properties, Net	$ 105,483		$ 105,483		$ 106,430
Other Assets	20,232		20,232		19,032
Total Assets	125,715		125,715		125,462
Liabilities and Equity
Mortgages and Notes Payable	113,976		113,976		115,446
Other Liabilities	33,215		33,215		30,832
Equity:
Hersha Hospitality Trust	23,193		23,193		23,060
Joint Venture Partner(s)	(44,669)		(44,669)		(43,876)
Total Equity	(21,476)		(21,476)		(20,816)
Total Liabilities and Equity	125,715		125,715		$ 125,462
Statements of Operations
Room Revenue	16,069	$ 16,952	44,690	$ 45,489
Other Revenue	4,911	4,860	16,110	15,532
Operating Expenses	(14,107)	(14,188)	(41,613)	(41,357)
Lease Expense	(288)	(270)	(839)	(793)
Property Taxes and Insurance	(779)	(723)	(2,254)	(2,222)
General and Administrative	(1,402)	(1,493)	(4,140)	(4,385)
Depreciation and Amortization	(1,709)	(1,655)	(4,848)	(4,849)
Interest Expense	(1,693)	(1,742)	(4,950)	(5,273)
Debt Extinguishment and Gain on Debt Forgiveness		(3,027)		2,057
Gain (Loss) allocated to Noncontrolling Interests	5	(27)	(80)	149
Net Income (Loss)	$ 1,007	$ 4,741	$ 2,076	$ 234

Investment In Unconsolidated 40

Investment In Unconsolidated Joint Ventures (Reconciliation Of Share In Unconsolidated Joint Ventures' Equity In Investment In Unconsolidated Joint Ventures) (Details) - USD ($) $ in Thousands		Sep. 30, 2015	Dec. 31, 2014
Investment In Unconsolidated Joint Ventures [Abstract]
Company's share of equity recorded on the joint ventures' financial statements		$ 23,193	$ 23,060
Adjustment to reconcile the Company's share of equity recorded on the joint ventures' financial statements to our investment in unconsolidated joint ventures	[1]	(12,259)	(11,910)
Investment in Unconsolidated Joint Ventures		$ 10,934	$ 11,150
[1]	Adjustment to reconcile the Company's share of equity recorded on the joint ventures' financial statements to our investment in unconsolidated joint ventures consists of the following:cumulative impairment of the Company's investment in joint ventures not reflected on the joint ventures' financial statements;the Company's basis in the investment in joint ventures not recorded on the joint ventures' financial statements; andaccumulated amortization of the Company's equity in joint ventures that reflects the Company's portion of the excess of the fair value of joint ventures' assets on the date of our investment over the carrying value of the assets recorded on the joint ventures financial statements (this excess investment is amortized over the life of the properties, and the amortization is included in Income (Loss) from Unconsolidated Joint Venture Investments on the Company's consolidated statement of operations).

Other Assets (Other Assets) (De

Other Assets (Other Assets) (Details) - USD ($) $ in Thousands	Sep. 30, 2015	Dec. 31, 2014
Other Assets [Abstract]
Investment in Statutory Trusts	$ 1,548	$ 1,548
Prepaid Expenses	10,157	7,883
Deferred Tax Asset, Net of Valuation Allowance of $804	12,189	11,448
Other	7,840	7,547
Total Other Assets	31,734	28,426
Valuation allowance	$ 804	$ 804

Debt (Narrative) (Details)

Debt (Narrative) (Details) $ in Thousands	Apr. 10, 2015USD ($)	Jan. 31, 2015USD ($)	Jan. 31, 2014USD ($)	Sep. 30, 2015USD ($)loan	Sep. 30, 2014USD ($)	Sep. 30, 2015USD ($)loanproperty	Sep. 30, 2014USD ($)	Dec. 31, 2014USD ($)
Mortgages and Notes Payable [Abstract]
Principal Repayment of Mortgages and Notes Payable						$ 182,684	$ 18,775
Capitalized Interest [Abstract]
Capitalized interest				$ 0	$ 0	0	458
Deferred Financing Costs [Abstract]
Deferred costs, net of accumulated amortization				9,607		9,607		$ 8,605
Accumulated amortization				7,370		7,370		6,938
Amortization of deferred costs				619	710	1,996	2,064
New Debt/Refinance and Payoffs [Abstract]
Unamortized deferred costs and defeasance premiums expensed				324		546	644
Unsecured Term Loan				495,000		495,000		250,000
Duane Street Hotel, New York, NY [Member]
Subordinated Notes Payable [Abstract]
Maturity date			Feb. 1, 2017
Debt instrument, basis spread on variable rate (in hundredths)			4.50%
New Debt/Refinance and Payoffs [Abstract]
Mortgage loan extinguishment			$ 5,175
Mortgage loan			$ 9,500
Fixed interest rate			5.433%
Unamortized deferred costs and defeasance premiums expensed			$ 65
Capitol Hill Hotel, Washington, DC [Member]
Mortgages and Notes Payable [Abstract]
Principal Repayment of Mortgages and Notes Payable		$ 27,500
Subordinated Notes Payable [Abstract]
Debt instrument, basis spread on variable rate (in hundredths)		2.25%
New Debt/Refinance and Payoffs [Abstract]
Mortgage loan		$ 25,000
Courtyard by Marriott, Miami, FL [Member]
Mortgages and Notes Payable [Abstract]
Principal Repayment of Mortgages and Notes Payable						60,000
Unamortized deferred financing costs and fees						$ 324
Subordinated Notes Payable [Abstract]
Maturity date						Jul. 1, 2016
Courtyard by Marriott, Brookline, MA [Member]
Mortgages and Notes Payable [Abstract]
Principal Repayment of Mortgages and Notes Payable	$ 38,913
Unamortized deferred financing costs and fees	$ 10
Hyatt Union Square, New York, NY [Member]
Mortgages and Notes Payable [Abstract]
Principal Repayment of Mortgages and Notes Payable						$ 55,000
Subordinated Notes Payable [Abstract]
Maturity date						Jun. 10, 2019
Debt instrument, basis spread on variable rate (in hundredths)						2.30%
New Debt/Refinance and Payoffs [Abstract]
Mortgage loan				$ 55,750		$ 55,750
Unamortized deferred costs and defeasance premiums expensed						$ 212
Interest rate cap				3.00%		3.00%
Citigroup Global Markets Inc. [Member]
New Debt/Refinance and Payoffs [Abstract]
Unamortized deferred costs and defeasance premiums expensed						$ 579
Mortgages [Member]
Mortgages and Notes Payable [Abstract]
Long-term debt				$ 543,559		$ 543,559		617,375
Interest rate range, minimum (in hundredths)						2.44%
Interest rate range, maximum (in hundredths)						6.50%
Net unamortized premiums				3,851		$ 3,851		$ 1,584
Interest expense				6,404	7,908	$ 20,372	23,428
Debt covenant compliance status						We have determined that certain debt service coverage ratio covenants contained in the loan agreements securing two of our hotel properties were not met as of September 30, 2015. Pursuant to these loan agreements, the lender has elected to escrow the operating cash flow for a number of these properties. However, these covenants do not constitute an event of default for these loan agreements.
Number of properties with unmet debt service coverage ratio convenants | property						2
Maturity date range, end						Apr. 1, 2023
Junior Subordinated Debt [Member] | Hersha Statutory Trust I and Hersha Statutory Trust II [Member]
Mortgages and Notes Payable [Abstract]
Interest expense				$ 434	$ 426	$ 1,278	$ 1,264
Subordinated Notes Payable [Abstract]
Number of debt instruments | loan				2		2
Subordinated notes payable				$ 51,548		$ 51,548
Maturity date						Jul. 30, 2035
Number of business days prior to quarterly interest payments for resetting rates						2 days
Debt instrument, interest rate during period (in hundredths)				3.36%	3.30%	3.31%	3.26%
Junior Subordinated Debt [Member] | Hersha Statutory Trust I [Member]
Subordinated Notes Payable [Abstract]
Subordinated notes payable				$ 25,774		$ 25,774
Debt instrument, description of variable rate basis						LIBOR
Debt instrument, basis spread on variable rate (in hundredths)						3.00%
Junior Subordinated Debt [Member] | Hersha Statutory Trust II [Member]
Subordinated Notes Payable [Abstract]
Subordinated notes payable				$ 25,774		$ 25,774
Debt instrument, description of variable rate basis						LIBOR
Debt instrument, basis spread on variable rate (in hundredths)						3.00%

Debt, Continued (Narrative) (De

Debt, Continued (Narrative) (Details)	2 Months Ended	3 Months Ended		9 Months Ended
	Feb. 27, 2014USD ($)	Sep. 30, 2015USD ($)	Sep. 30, 2014USD ($)	Sep. 30, 2015USD ($)	Sep. 30, 2014USD ($)	Aug. 10, 2015USD ($)	Dec. 31, 2014USD ($)
Revolving Line of Credit [Abstract]
Line of credit facility covenant minimum tangible net worth		$ 900,000,000		$ 900,000,000
Line of credit facility covenant percentage of net cash proceeds of issuances and sales of equity interests (in hundredths)				75.00%
Line of credit facility covenant maximum annual distributions (in hundredths)		95.00%		95.00%
Line of credit facility covenant maximum leverage ratio (in hundredths)		60.00%		60.00%
Interest Rate Swap [Member]
Revolving Line of Credit [Abstract]
Long-term debt outstanding		$ 150,000,000		$ 150,000,000
Minimum [Member]
Revolving Line of Credit [Abstract]
Line of credit facility covenant fixed charge coverage ratio		1.45		1.45
Line of credit facility covenant maximum secured debt leverage ratio (in hundredths)		45.00%		45.00%
Maximum [Member]
Revolving Line of Credit [Abstract]
Line of credit facility covenant fixed charge coverage ratio		1.50		1.50
Line of credit facility covenant maximum secured debt leverage ratio (in hundredths)		50.00%		50.00%
Senior Unsecured Term Loan Agreement [Member]
Revolving Line of Credit [Abstract]
Debt instrument, face amount		$ 300,000,000		$ 300,000,000
Maturity date				Aug. 10, 2020
Long-term debt remaining borrowing capacity		90,000,000		$ 90,000,000
Long-term debt, additional withdrawl		35,000,000		35,000,000
Long-term debt outstanding		245,000,000		$ 245,000,000		$ 210,000,000
Senior Unsecured Term Loan Agreement [Member] | Minimum [Member]
Revolving Line of Credit [Abstract]
Basis spread on variable rate (in hundredths)				1.50%
Senior Unsecured Term Loan Agreement [Member] | Maximum [Member]
Revolving Line of Credit [Abstract]
Basis spread on variable rate (in hundredths)				2.25%
Senior Unsecured Credit Agreement [Member]
Revolving Line of Credit [Abstract]
Revolving line of credit, current borrowing capacity	$ 400,000,000	500,000,000		$ 500,000,000
Revolving line of credit, maximum borrowing capacity		850,000,000		$ 850,000,000
Line of credit, expiration date				Feb. 28, 2018
Renewal period of line of credit				1 year
Line of credit, remaining borrowing capacity		245,745,000		$ 245,745,000
Long-term debt outstanding		250,000,000		250,000,000
Unsecured Term Loan [Member]
Revolving Line of Credit [Abstract]
Revolving line of credit, current borrowing capacity	150,000,000	$ 250,000,000		$ 250,000,000
Outstanding borrowings on revolving line of credit							$ 250,000,000
Unsecured Term Loan [Member] | Minimum [Member]
Revolving Line of Credit [Abstract]
Fixed interest rate		2.914%		2.914%
Basis spread on variable rate (in hundredths)				1.60%
Unsecured Term Loan [Member] | Maximum [Member]
Revolving Line of Credit [Abstract]
Basis spread on variable rate (in hundredths)				2.35%
Revolving Line Of Credit [Member]
Revolving Line of Credit [Abstract]
Revolving line of credit, current borrowing capacity	$ 250,000,000	$ 250,000,000		$ 250,000,000
Interest rate on loans provided under line of credit				The interest rate for the $500,000 unsecured credit facility is based on a pricing grid with a range of one month U.S. LIBOR plus 1.70% to 2.45% for the revolving line of credit and 1.60% to 2.35% for the unsecured term loan.
Description of variable rate basis				one month U.S. LIBOR
Line of credit, financial covenant terms				The credit agreements providing for the $500,000 unsecured credit facility and $300,000 unsecured term loan include certain financial covenants and require that we maintain: (1) a minimum tangible net worth of $900,000, plus an amount equal to 75% of the net cash proceeds of all issuances and primary sales of equity interests of the parent guarantor or any of its subsidiaries consummated following the closing date; (2) annual distributions not to exceed 95% of adjusted funds from operations; and (3) certain financial ratios, including the following:· a fixed charge coverage ratio of not less than 1.45 to 1.00, which increases to 1.50 to 1.00 as of January 1, 2016;· a maximum leverage ratio of not more than 60%; and· a maximum secured debt leverage ratio of 50%, which decreases to 45% as of January 1, 2016.The Company is in compliance with each of the covenants listed above as of September 30, 2015.
Line of credit, remaining borrowing capacity		55,000,000		$ 55,000,000
Outstanding borrowings on revolving line of credit		0		0			$ 0
Interest Expense, on credit facilities		$ 2,844,000	$ 1,809,000	$ 6,824,000	$ 4,461,000
Line of credit, weighted average interest rate (in hundredths)		2.66%	2.73%	2.72%	2.85%
Revolving Line Of Credit [Member] | Minimum [Member]
Revolving Line of Credit [Abstract]
Basis spread on variable rate (in hundredths)	1.75%			1.70%
Revolving Line Of Credit [Member] | Maximum [Member]
Revolving Line of Credit [Abstract]
Basis spread on variable rate (in hundredths)	2.65%			2.45%
Senior Unsecured Borrowing Capacity [Member]
Revolving Line of Credit [Abstract]
Debt instrument, face amount		$ 800,000,000		$ 800,000,000

Commitments And Contingencies44

Commitments And Contingencies And Related Party Transactions (Narrative) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended		12 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014	Dec. 31, 2014
Management Agreements [Abstract]
Term of management agreements with HHMLP			5 years
Base management fee as percentage of gross revenues (in hundredths)			3.00%
Base management fees incurred	$ 3,710	$ 3,271	$ 10,086	$ 8,998
Franchise Agreements [Abstract]
Terms of franchise agreements, minimum			10 years
Terms of franchise agreements, maximum			20 years
Franchise fee expense	7,528	7,041	$ 20,760	19,033
Accounting and Information Technology Fees [Abstract]
Monthly fees for accounting services per property for hotels managed by HHMLP, minimum			2
Monthly fees for accounting services per property for hotels managed by HHMLP, maximum			3
Monthly information technology fees per property for hotels managed by HHMLP, minimum			1
Monthly information technology fees per property for hotels managed by HHMLP, maximum			2
Accounting fees	379	354	1,100	1,056
Information technology fees	114	104	$ 326	312
Capital Expenditure Fees [Abstract]
Fee on all capital expenditures and pending renovation projects at the properties (in hundredths)			5.00%
Fees incurred on capital expenditures	224	119	$ 607	565
Acquisitions From Affiliates [Abstract]
Period of right of first refusal per option agreement with officers and affiliated trustees after termination			1 year
Hotel Supplies [Abstract]
Hotel supplies	49	57	$ 142	166
Charges for capital expenditure purchases	820	2,818	3,614	8,342
Capital expenditures included in accounts payable			1		$ 2
Due From Related Parties [Abstract]
Due from related parties	6,456		6,456		6,580
Due to Related Parties [Abstract]
Due to related parties	6,594		6,594		7,203
Hotel Ground Rent [Abstract]
Rent expense related to ground leases	768	$ 710	2,223	$ 1,715
Parrot Key Hotel And Resort, Key West, FL [Member]
Contingent Liability [Abstract]
Business Combination, Contingent Consideration Arrangements, Range of Outcomes, Value, High	2,000		2,000
Business Combination, Contingent Consideration, Liability	$ 2,000		$ 2,000		$ 0

Fair Value Measurements And D45

Fair Value Measurements And Derivative Instruments (Narrative) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014	Dec. 31, 2014
Derivatives, Fair Value [Line Items]
Unrealized gain (loss) recognized in accumulated other comprehensive income	$ (69)	$ 805	$ (690)	$ 286
Unrealized gain (loss) reclassified from accumulated other comprehensive income to interest expense	575	$ 368	1,286	$ 1,141
Gain (loss) to be reclassified to interest expense during next 12 months	$ 710		$ 710
Interest Rate Cap: Hyatt Union Square, New York, NY [Member]
Derivatives, Fair Value [Line Items]
Fixed interest payment, percentage	2.00%		2.00%
Interest Rate Swap: Duane Street Hotel, New York, NY [Member]
Derivatives, Fair Value [Line Items]
Fixed interest payment, percentage	0.933%		0.933%
Interest Rate Swap: Hilton Garden Inn 52nd Street, New York, NY [Member]
Derivatives, Fair Value [Line Items]
Fixed interest payment, percentage	1.152%		1.152%
Carrying (Reported) Amount, Fair Value Disclosure [Member]
Derivatives, Fair Value [Line Items]
Carrying value and estimated fair value of debt	$ 1,090,107		$ 1,090,107		$ 918,923
Estimate of Fair Value, Fair Value Disclosure [Member]
Derivatives, Fair Value [Line Items]
Carrying value and estimated fair value of debt	$ 1,084,450		$ 1,084,450		$ 916,877

Fair Value Measurements And D46

Fair Value Measurements And Derivative Instruments (Fair Value Of Interest Rate Swaps And Caps) (Details) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2015	Dec. 31, 2014
Derivatives, Fair Value [Line Items]
Estimated Fair Value	$ (556)	$ (212)
Interest Rate Swap: Capitol Hill Suites, Washington, DC [Member]
Derivatives, Fair Value [Line Items]
Strike Rate	0.54%
Index: Variable interest rate basis	3.25%
Effective Date	Feb. 1, 2012
Maturity Date	Feb. 1, 2015
Estimated Fair Value		(8)
Interest Rate Cap: Hilton Garden Inn 52nd Street, New York, NY [Member]
Derivatives, Fair Value [Line Items]
Strike Rate	1.10%
Index: Variable interest rate basis	2.90%
Effective Date	May 27, 2014
Maturity Date	Jun. 1, 2015
Notional amount	$ 45,000
Interest Rate Swap: CY Westside, Culver City, LA [Member]
Derivatives, Fair Value [Line Items]
Strike Rate	1.097%
Index: Variable interest rate basis	3.85%
Effective Date	Sep. 29, 2011
Maturity Date	Sep. 29, 2015
Notional amount	$ 28,500
Estimated Fair Value		(174)
Interest Rate Cap: Hyatt Union Square, New York, NY [Member]
Derivatives, Fair Value [Line Items]
Strike Rate	2.00%
Index: Variable interest rate basis	4.19%
Effective Date	Apr. 9, 2013
Maturity Date	Apr. 9, 2016
Notional amount	$ 55,000
Estimated Fair Value		9
Interest Rate Courtyard by Marriott, Miami, FL [Member]
Derivatives, Fair Value [Line Items]
Strike Rate	0.82%
Index: Variable interest rate basis	3.50%
Effective Date	Jul. 2, 2012
Maturity Date	Jul. 1, 2016
Estimated Fair Value		(218)
Interest rate cap, termination fees	$ 190
Corporate Credit Facility - I [Member] | Unsecured Term Loan [Member]
Derivatives, Fair Value [Line Items]
Strike Rate	0.545%
Index: Variable interest rate basis	2.35%
Effective Date	Nov. 5, 2012
Maturity Date	Nov. 5, 2016
Notional amount	$ 100,000
Estimated Fair Value	$ (137)	272
Corporate Credit Facility - II [Member] | Unsecured Term Loan [Member]
Derivatives, Fair Value [Line Items]
Strike Rate	0.60%
Index: Variable interest rate basis	2.35%
Effective Date	Dec. 18, 2012
Maturity Date	Nov. 5, 2016
Notional amount	$ 50,000
Estimated Fair Value	$ (99)	85
Interest Rate Swap: Duane Street Hotel, New York, NY [Member]
Derivatives, Fair Value [Line Items]
Strike Rate	0.933%
Index: Variable interest rate basis	4.50%
Effective Date	Feb. 1, 2014
Maturity Date	Feb. 1, 2017
Notional amount	$ 9,214
Estimated Fair Value	$ (55)	(29)
Interest Rate Swap: Hilton Garden Inn 52nd Street, New York, NY [Member]
Derivatives, Fair Value [Line Items]
Strike Rate	1.152%
Index: Variable interest rate basis	2.90%
Effective Date	Jun. 1, 2015
Maturity Date	Feb. 21, 2017
Notional amount	$ 45,000
Estimated Fair Value	$ (410)	$ (149)
Interest Rate Cap Hyatt Union Square New York NY, Refinanced [Member]
Derivatives, Fair Value [Line Items]
Strike Rate	3.00%
Index: Variable interest rate basis	2.30%
Effective Date	Jun. 10, 2015
Maturity Date	Jun. 10, 2019
Notional amount	$ 55,750
Estimated Fair Value	$ 145

Share Based Payments (Narrative

Share Based Payments (Narrative) (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014	Dec. 31, 2014
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock based compensation expense	$ 1,411	$ 1,595	$ 4,605	$ 4,156
LTIP Units Issued			0
Unearned Compensation	$ 3,192		$ 3,192		$ 3,541
Shares Issued (in shares)			569,105
Shares Vested (in shares)	320,571		320,571		76,688
Annual LTIP Plans [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock based compensation expense	$ 1,001	1,215	$ 3,132	2,740
2015 Multi Year LTIP [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Terms of Share-based payment awards			On March 18, 2015, the Compensation Committee approved the 2015 Multi-Year Long Term Equity Incentive Program ("2015 Multi-Year EIP"). The shares or LTIP Units issuable under this program are based on the Company's achievement of a certain level of (1) absolute total shareholder return (37.50% of the award), (2) relative total shareholder return as compared to the Company's peer group (37.50% of the award), and (3) relative growth in revenue per available room compared to the Company's peer group (25% of the award). This program has a three-year performance period which commenced on January 1, 2015 and ends December 31, 2017. As of September 30, 2015, no shares or LTIP Units have been issued to the executive officers in settlement of 2015 Multi-Year EIP awards.
Performance period			3 years
Shareholders return as percentage of award for achievement level one (in hundredths)	37.50%		37.50%
Shareholders return as percentage of award for achievement level two (in hundredths)	37.50%		37.50%
Shareholders return as percentage of award for achievement level three (in hundredths)	25.00%		25.00%
2014 Multi Year LTIP [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Terms of Share-based payment awards			On April 11, 2014, the Compensation Committee approved the 2014 Multi-Year Long Term Equity Incentive Program ("2014 Multi-Year EIP"). The common shares issuable under this program are based on the Company's achievement of a certain level of (1) absolute total shareholder return (37.50% of the award), (2) relative total shareholder return as compared to the Company's peer group (37.50% of the award), and (3) relative growth in revenue per available room compared to the Company's peer group (25% of the award). This program has a three-year performance period which commenced on January 1, 2014 and ends December 31, 2016. As of September 30, 2015, no common shares have been issued to the executive officers in settlement of 2014 Multi-Year EIP awards.
Performance period			3 years
Shareholders return as percentage of award for achievement level one (in hundredths)	37.50%		37.50%
Shareholders return as percentage of award for achievement level two (in hundredths)	37.50%		37.50%
Shareholders return as percentage of award for achievement level three (in hundredths)	25.00%		25.00%
2013 Multi Year LTIP [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Terms of Share-based payment awards			On April 15, 2013, the Compensation Committee approved the 2013 Multi-Year Long Term Equity Incentive Plan ("2013 Multi-Year EIP"). The common shares issuable under this program are based on the Company's achievement of a certain level of (1) absolute total shareholder return (50% of the award), (2) relative total shareholder return as compared to the Company's peer group (25% of the award), and (3) relative growth in revenue per available room compared to the Company's peer group (25% of the award). This program has a three-year performance period which commenced on January 1, 2013 and ends December 31, 2015. As of September 30, 2015, no common shares have been issued to the executive officers in settlement of 2013 Multi-Year EIP awards.
Performance period			3 years
Shareholders return as percentage of award for achievement level one (in hundredths)	50.00%		50.00%
Shareholders return as percentage of award for achievement level two (in hundredths)	25.00%		25.00%
Shareholders return as percentage of award for achievement level three (in hundredths)	25.00%		25.00%
Multi-Year LTIP [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock based compensation expense	$ 217	167	$ 601	431
Unearned Compensation	1,764		1,764		$ 1,621
Restricted Common Shares [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock based compensation expense	135	120	330	294
Restricted Share Awards [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unearned Compensation	$ 599		$ 599		$ 322
Shares Issued (in shares)			66,607
Shares Vested (in shares)	37,794		37,794		23,203
Restricted Share Awards [Member] | Issued 06-23-2014 [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unearned Compensation	$ 10		$ 10		$ 20
Shares Issued (in shares)			1,103
Shares Vested (in shares)	550		550
Share Price on date of grant (in dollars per share)			$ 26
Unvested Share Awards [Abstract]
Vesting Period			2 years
Vesting Schedule (in hundredths)			50.00%
Multi-year LTIP Trustee [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock based compensation expense	$ 15	15	$ 45	45
Unearned Compensation	$ 81		$ 81		$ 127
Shares Vested (in shares)	3,505		3,505		3,502
Percentage premium on retainer equity option (in hundredths)	25.00%		25.00%
Multi-year LTIP Trustee [Member] | Annual Retainer [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock based compensation expense	$ 23	55	$ 70	165
Board Of Trustees [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock based compensation expense			$ 271	309
Shares Issued (in shares)			10,442,000
Share Price on date of grant (in dollars per share)			$ 25.92
Non-employees [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock based compensation expense	20	$ 23	$ 156	$ 172
Unearned Compensation	$ 95		$ 95		$ 81
Shares Issued (in shares)			14,657
Shares Vested (in shares)	10,981		10,981		3,750

Share Based Payments (Summary O

Share Based Payments (Summary Of Unvested Share Awards Issued To Executives) (Details) - USD ($) $ / shares in Units, $ in Thousands	9 Months Ended
	Sep. 30, 2015	Dec. 31, 2014
Unvested Share Awards [Abstract]
Shares Issued (in shares)	569,105
Shares Vested (in shares)	320,571	76,688
Unearned Compensation	$ 3,192	$ 3,541
Approved aggregate number of LTIP units to certain officers		487,081
Issued 12-23-2014 [Member]
Unvested Share Awards [Abstract]
Shares Issued (in shares)	258,899
Vesting Period	5 years
Shares Vested (in shares)	86,299
Unearned Compensation	$ 1,827	$ 2,650
Issued 07-14-2015 [Member]
Unvested Share Awards [Abstract]
Shares Issued (in shares)	15,817
Share Price on date of grant (in dollars per share)	$ 28.09
Unearned Compensation	$ 382
Issued 06-01-2015 [Member]
Unvested Share Awards [Abstract]
Shares Issued (in shares)	1,651
Share Price on date of grant (in dollars per share)	$ 25.92
Vesting Period	2 years
Vesting Schedule (in hundredths)	50.00%
Unearned Compensation	$ 36
2014 Annual EIP [Member] | Issued 03-30-2015 [Member]
Unvested Share Awards [Abstract]
Shares Issued (in shares)	128,832
Vesting Period	3 years
Vesting Schedule (in hundredths)	25.00%
Shares Vested (in shares)	32,207
Unearned Compensation	$ 1,012
2013 Annual EIP [Member] | Issued 12-23-2014 [Member]
Unvested Share Awards [Abstract]
Shares Issued (in shares)	83,993
Vesting Period	3 years
Vesting Schedule (in hundredths)	25.00%
Shares Vested (in shares)	55,994	27,998
Unearned Compensation	$ 276	$ 582
2012 Annual LTIP [Member] | Issued 12-23-2014 [Member]
Unvested Share Awards [Abstract]
Shares Issued (in shares)	97,381
Vesting Period	3 years
Vesting Schedule (in hundredths)	25.00%
Shares Vested (in shares)	146,071	48,690
Unearned Compensation	$ 77	$ 309
Restricted Share Awards [Member]
Unvested Share Awards [Abstract]
Shares Issued (in shares)	66,607
Shares Vested (in shares)	37,794	23,203
Unearned Compensation	$ 599	$ 322
Restricted Share Awards [Member] | Issued 12-23-2014 [Member]
Unvested Share Awards [Abstract]
Vesting Schedule (in hundredths)	33.30%
Restricted Share Awards [Member] | Issued 03-27-2015 [Member]
Unvested Share Awards [Abstract]
Shares Issued (in shares)	5,208
Share Price on date of grant (in dollars per share)	$ 25.88
Vesting Period	2 years
Vesting Schedule (in hundredths)	50.00%
Shares Vested (in shares)	600
Unearned Compensation	$ 66
Restricted Share Awards [Member] | Issued 07-15-2014 [Member]
Unvested Share Awards [Abstract]
Shares Issued (in shares)	10,352
Share Price on date of grant (in dollars per share)	$ 27
Vesting Period	2 years
Vesting Schedule (in hundredths)	50.00%
Shares Vested (in shares)	6,069	1,532
Unearned Compensation	$ 77	$ 177
Restricted Share Awards [Member] | Issued 06-23-2014 [Member]
Unvested Share Awards [Abstract]
Shares Issued (in shares)	1,103
Share Price on date of grant (in dollars per share)	$ 26
Vesting Period	2 years
Vesting Schedule (in hundredths)	50.00%
Shares Vested (in shares)	550
Unearned Compensation	$ 10	$ 20
Restricted Share Awards [Member] | Issued 03-24-2014 [Member]
Unvested Share Awards [Abstract]
Shares Issued (in shares)	2,046
Share Price on date of grant (in dollars per share)	$ 22.76
Vesting Period	2 years
Vesting Schedule (in hundredths)	50.00%
Shares Vested (in shares)	2,046	1,023
Unearned Compensation		$ 10
Restricted Share Awards [Member] | Issued 02-13-2014 [Member]
Unvested Share Awards [Abstract]
Shares Issued (in shares)	462
Share Price on date of grant (in dollars per share)	$ 21.76
Vesting Period	2 years
Vesting Schedule (in hundredths)	50.00%
Shares Vested (in shares)	462	231
Unearned Compensation		$ 2
Restricted Share Awards [Member] | Issued 06-28-2013 [Member]
Unvested Share Awards [Abstract]
Shares Issued (in shares)	11,899
Share Price on date of grant (in dollars per share)	$ 22.56
Shares Vested (in shares)	11,199	5,724
Unearned Compensation	$ 11	$ 69
Restricted Share Awards [Member] | Issued 06-29-2012 [Member]
Unvested Share Awards [Abstract]
Shares Issued (in shares)	13,646
Share Price on date of grant (in dollars per share)	$ 21.12
Shares Vested (in shares)	12,445	11,242
Unearned Compensation	$ 17	$ 36
Restricted Share Awards [Member] | Issued 06-30-2011 [Member]
Unvested Share Awards [Abstract]
Shares Issued (in shares)	4,423
Share Price on date of grant (in dollars per share)	$ 22.28
Shares Vested (in shares)	4,423	3,451
Unearned Compensation		$ 8
Minimum [Member] | Restricted Share Awards [Member] | Issued 07-14-2015 [Member]
Unvested Share Awards [Abstract]
Vesting Period	2 years
Vesting Schedule (in hundredths)	25.00%
Minimum [Member] | Restricted Share Awards [Member] | Issued 06-28-2013 [Member]
Unvested Share Awards [Abstract]
Vesting Period	2 years
Vesting Schedule (in hundredths)	25.00%
Minimum [Member] | Restricted Share Awards [Member] | Issued 06-29-2012 [Member]
Unvested Share Awards [Abstract]
Vesting Period	2 years
Vesting Schedule (in hundredths)	25.00%
Minimum [Member] | Restricted Share Awards [Member] | Issued 06-30-2011 [Member]
Unvested Share Awards [Abstract]
Vesting Period	2 years
Vesting Schedule (in hundredths)	25.00%
Maximum [Member] | Restricted Share Awards [Member] | Issued 07-14-2015 [Member]
Unvested Share Awards [Abstract]
Vesting Period	4 years
Vesting Schedule (in hundredths)	50.00%
Maximum [Member] | Restricted Share Awards [Member] | Issued 06-28-2013 [Member]
Unvested Share Awards [Abstract]
Vesting Period	4 years
Vesting Schedule (in hundredths)	50.00%
Maximum [Member] | Restricted Share Awards [Member] | Issued 06-29-2012 [Member]
Unvested Share Awards [Abstract]
Vesting Period	4 years
Vesting Schedule (in hundredths)	50.00%
Maximum [Member] | Restricted Share Awards [Member] | Issued 06-30-2011 [Member]
Unvested Share Awards [Abstract]
Vesting Period	4 years
Vesting Schedule (in hundredths)	50.00%

Share Based Payments (Summary49

Share Based Payments (Summary Of Unvested Share Awards Issued To Trustees) (Details) - USD ($) $ / shares in Units, $ in Thousands	9 Months Ended
	Sep. 30, 2015	Dec. 31, 2014
Unvested Share Awards [Abstract]
Shares Issued (in shares)	569,105
Shares Vested (in shares)	320,571	76,688
Unearned Compensation	$ 3,192	$ 3,541
Multi-year LTIP Trustee [Member]
Unvested Share Awards [Abstract]
Shares Vested (in shares)	3,505	3,502
Unearned Compensation	$ 81	$ 127
Multi-year LTIP Trustee [Member] | Issued 12-30-2014 [Member]
Unvested Share Awards [Abstract]
Shares Issued (in shares)	2,500
Vesting Period	3 years
Vesting Schedule (in hundredths)	33.00%
Unearned Compensation	$ 54	$ 73
Multi-year LTIP Trustee [Member] | Issued 12-27-2013 [Member]
Unvested Share Awards [Abstract]
Shares Issued (in shares)	3,000
Vesting Period	3 years
Vesting Schedule (in hundredths)	33.00%
Shares Vested (in shares)	1,335	1,334
Unearned Compensation	$ 23	$ 38
Multi-year LTIP Trustee [Member] | Issued 12-28-2012 [Member]
Unvested Share Awards [Abstract]
Shares Issued (in shares)	3,000
Vesting Period	3 years
Vesting Schedule (in hundredths)	33.00%
Shares Vested (in shares)	2,170	2,168
Unearned Compensation	$ 4	$ 16
Annual Retainer [Member] | Issued 12-30-2014 [Member]
Unvested Share Awards [Abstract]
Shares Issued (in shares)	3,215,000
Share Price on date of grant (in dollars per share)	$ 29
Vesting Period	1 year
Vesting Schedule (in hundredths)	100.00%
Unearned Compensation	$ 23	$ 93

Share Based Payments (Summary50

Share Based Payments (Summary Of Unvested Share Awards Issued To Nonemployees) (Details) - USD ($) $ / shares in Units, $ in Thousands	9 Months Ended
	Sep. 30, 2015	Dec. 31, 2014
Unvested Share Awards [Abstract]
Shares Issued (in shares)	569,105
Shares Vested (in shares)	320,571	76,688
Unearned Compensation	$ 3,192	$ 3,541
Non-employees [Member]
Unvested Share Awards [Abstract]
Shares Issued (in shares)	14,657
Shares Vested (in shares)	10,981	3,750
Unearned Compensation	$ 95	$ 81
Non-employees [Member] | Issued 03-27-2015 [Member]
Unvested Share Awards [Abstract]
Shares Issued (in shares)	7,438
Share Price on date of grant (in dollars per share)	$ 25.88
Vesting Period	2 years
Vesting Schedule (in hundredths)	50.00%
Shares Vested (in shares)	3,762
Unearned Compensation	$ 95
Non-employees [Member] | Issued 03-24-2014 [Member]
Unvested Share Awards [Abstract]
Shares Issued (in shares)	7,219
Share Price on date of grant (in dollars per share)	$ 22.76
Vesting Period	2 years
Vesting Schedule (in hundredths)	50.00%
Shares Vested (in shares)	7,219	3,750
Unearned Compensation		$ 81

Earnings Per Share (Reconciliat

Earnings Per Share (Reconciliation Of Earnings Per Share) (Details) - USD ($) $ in Thousands		3 Months Ended		9 Months Ended
		Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
BASIC AND DILUTED [Abstract]
Income from Continuing Operations		$ 14,403	$ 7,587	$ 29,640	$ 61,217
(Income) Loss from Continuing Operations allocated to Noncontrolling Interests		(244)	49	(206)	(1,152)
Distributions to Preferred Shareholders		(3,589)	(3,589)	(10,767)	(10,767)
Dividends Paid on Unvested Restricted Shares and LTIP Units		(116)	(149)	(369)	(403)
Income from Continuing Operations attributable to Common Shareholders		10,454	3,898	18,298	48,895
Discontinued Operations [Abstract]
Loss from Discontinued Operations					(1,557)
Loss from Discontinued Operations allocated to Noncontrolling Interests					52
Loss from Discontinued Operations attributable to Common Shareholders					(1,505)
Net Income attributable to Common Shareholders		$ 10,454	$ 3,898	$ 18,298	$ 47,390
Denominator [Abstract]
Weighted average number of common shares - basic (in shares)		47,417,452	49,649,379	48,502,387	49,817,680
Effect of dilutive securities [Abstract]
Restricted Stock Awards and LTIP Units (unvested) (in shares)		259,008	346,866	276,486	301,347
Contingently Issued Shares (in shares)		233,089	159,252	256,827	157,437
Weighted average number of common shares - diluted (in shares)	[1]	47,909,549	50,155,497	49,035,700	50,276,464
[1]	Income (loss) allocated to noncontrolling interest in HHLP has been excluded from the numerator and Common Units and vested LTIP Units have been omitted from the denominator for the purpose of computing diluted earnings per share since including these amounts in the numerator and denominator would have no impact. In addition, potentially dilutive common shares, if any, have been excluded from the denominator if they are anti-dilutive to income (loss) from continuing operations applicable to common shareholders.

Earnings Per Share (Potentially

Earnings Per Share (Potentially Dilutive Shares Excluded From The Denominator For The Purpose Of Computing Diluted Earnings Per Share) (Details) - shares	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Potentially Dilutive Securities Excluded from the Denominator	1,947,536	1,728,679	1,893,943	1,728,679
Common Units of Limited Partnership Interest [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Potentially Dilutive Securities Excluded from the Denominator	1,947,536	1,728,679	1,893,943	1,728,679

Cash Flow Disclosures And Non53

Cash Flow Disclosures And Non Cash Investing And Financing Activities (Narrative) (Details) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014
Cash Flow Disclosures And Non Cash Investing And Financing Activities [Abstract]
Interest paid	$ 29,976	$ 30,538

Cash Flow Disclosures And Non54

Cash Flow Disclosures And Non Cash Investing And Financing Activities (Non-cash Investing And Financing Activities) (Details) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014
Non-cash Investing and Financing Activities [Abstract]
Common Shares issued as part of the Dividend Reinvestment Plan	$ 35	$ 34
Debt assumed	$ 28,902	24,924
Settlement of development loan receivable principal and accrued interest revenue receivable		22,494
Disposition of hotel properties [Abstract]
Debt assumed by purchaser		$ 45,710

Hotel Dispositions (Narrative)

Hotel Dispositions (Narrative) (Details)	1 Months Ended	3 Months Ended			9 Months Ended
	Apr. 30, 2014USD ($)	Sep. 30, 2015USD ($)	Sep. 30, 2014USD ($)	Mar. 31, 2014USD ($)	Sep. 30, 2015USD ($)	Sep. 30, 2014USD ($)	Feb. 28, 2014property	Dec. 20, 2013property	Sep. 20, 2013USD ($)property
Assets Held for Sale [Abstract]
Loss on Disposition of Discontinued Assets						$ (45,000)
Operating Income (Loss)		$ 24,519,000	$ 18,012,000		$ 61,166,000	49,156,000
Impairment of Discontinued Assets						1,800,000
Income from Discontinued Operations, Net of Income Taxes						288,000
Hotel 373-5th Ave, New York, NY [Member]
Assets Held for Sale [Abstract]
Disposal of portfolio, aggregate purchase price	$ 37,000,000
Gain on sale of hotel properties	7,227,000
Reduction in mortgage debt resulting from sale of hotel properties sold	$ 18,356,000
Operating Income (Loss)			$ 17,000			(133,000)
Non-core Hotel Properties [Member]
Assets Held for Sale [Abstract]
Loss on Disposition of Discontinued Assets						$ 45,000
Number of hotel properties sold | property							4	12
Impairment of Discontinued Assets				$ 1,800,000
Non-core Hotel Properties II [Member]
Assets Held for Sale [Abstract]
Disposal of portfolio, aggregate purchase price									$ 217,000,000
Number of Real Estate Properties | property									16

Hotel Dispositions (Components

Hotel Dispositions (Components Of Discontinued Operations) (Details) $ in Thousands	9 Months Ended
	Sep. 30, 2014USD ($)
Revenue [Abstract]
Hotel Operating Revenues	$ 1,940
Total Revenues	1,940
Expenses [Abstract]
Hotel Operating Expenses	1,148
Gain on Insurance Settlements	74
Real Estate and Personal Property Taxes and Property Insurance	91
General and Administrative	(15)
Interest Expense	354
Total Expenses	1,652
Income from Discontinued Operations	$ 288