Hersha Hospitality Trust (HT) 10-K 17 Feb 16 2015 FY Annual report Financial data

Document and Entity Information

Document and Entity Information - USD ($) $ in Billions	12 Months Ended
	Dec. 31, 2015	Feb. 16, 2016	Jun. 30, 2015
Entity Registrant Name	HERSHA HOSPITALITY TRUST
Entity Central Index Key	1,063,344
Current Fiscal Year End Date	--12-31
Entity Well-known Seasoned Issuer	Yes
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Filer Category	Large Accelerated Filer
Entity Public Float			$ 1.2
Document Fiscal Year Focus	2,015
Document Fiscal Period Focus	FY
Document Type	10-K
Amendment Flag	false
Document Period End Date	Dec. 31, 2015
Class A Common Shares [Member]
Entity Common Stock, Shares Outstanding		44,458,231
Class B Common Shares [Member]
Entity Common Stock, Shares Outstanding		0

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Thousands	Dec. 31, 2015	Dec. 31, 2014
Assets:
Investment in Hotel Properties, Net of Accumulated Depreciation, Including Consolidation of Variable Interest Entity Assets of $82,787 and $84,247	$ 1,831,119	$ 1,745,483
Investment in Unconsolidated Joint Ventures	10,316	11,150
Cash and Cash Equivalents	27,955	21,675
Escrow Deposits	19,204	16,941
Hotel Accounts Receivable, Net of Allowance for Doubtful Accounts of $12 and $39	9,465	9,363
Deferred Financing Costs, Net of Accumulated Amortization of $8,024 and $6,938	8,971	8,605
Due from Related Parties	6,243	6,580
Intangible Assets, Net of Accumulated Amortization of $3,951 and $3,514	13,389	7,316
Deposits on Hotel Acquisitions	5,000
Other Assets	38,110	28,426
Total Assets	1,969,772	$ 1,855,539
Liabilities and Equity:
Line of Credit	27,000
Unsecured Term Loan	550,000	$ 250,000
Unsecured Notes Payable	51,548	51,548
Mortgages Payable, including Net Unamortized Premium and Consolidation of Variable Interest Entity Debt of $52,509 and $54,132	548,539	617,375
Accounts Payable, Accrued Expenses and Other Liabilities	59,226	54,116
Dividends and Distributions Payable	16,515	17,909
Due to Related Parties	8,789	7,203
Total Liabilities	1,261,617	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 December 31, 2015 and December 31, 2014, with Liquidation Preferences of $25 Per Share (Note 1)	76	76
Accumulated Other Comprehensive Loss	(466)	(358)
Additional Paid-in Capital	1,086,259	1,194,547
Distributions in Excess of Net Income	(408,274)	(365,381)
Total Shareholders' Equity	678,039	829,381
Noncontrolling Interests (Note 1):
Noncontrolling Interests - Common Units	31,876	29,082
Noncontrolling Interest - Consolidated Variable Interest Entity	(1,760)	(1,075)
Total Noncontrolling Interests	30,116	28,007
Total Equity	708,155	857,388
Total Liabilities and Equity	1,969,772	1,855,539
Class A Common Shares [Member]
Shareholders' Equity:
Common Shares	$ 444	$ 497
Class B Common Shares [Member]
Shareholders' Equity:
Common Shares

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Dec. 31, 2015	Dec. 31, 2014
Assets:
Consolidation of variable interest entity assets	$ 82,787	$ 84,247
Hotel Accounts Receivable, Allowance for Doubtful Accounts	12	39
Deferred Financing Costs, Accumulated Amortization	8,024	6,938
Intangible Assets, Accumulated Amortization	3,951	3,514
Liabilities and Equity:
Consolidation of variable interest entity debt	$ 52,509	$ 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 Stock [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)	44,457,368	49,708,771
Common Shares - Outstanding (in shares)	44,457,368	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 Statement Of Opera

Consolidated Statement Of Operations - USD ($) $ in Thousands		12 Months Ended
		Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Revenue:
Hotel Operating Revenues		$ 470,272	$ 417,226	$ 338,064
Interest Income from Development Loans				158
Other Revenues		113	180	191
Total Revenues		470,385	417,406	338,413
Operating Expenses:
Hotel Operating Expenses		254,313	227,324	188,431
Insurance Recoveries			(4,604)	(403)
Hotel Ground Rent		3,137	2,433	985
Real Estate and Personal Property Taxes and Property Insurance		34,518	30,342	24,083
General and Administrative (including Share Based Payments of $6,523, $6,028 and $9,746 for the year ended December 31, 2015, 2014 and 2013, respectively)		20,515	20,363	23,869
Acquisition and Terminated Transaction Costs		1,119	2,472	974
Depreciation and Amortization		74,390	69,167	55,784
Contingent Consideration Related to Acquisition of Hotel Property			2,000
Total Operating Expenses		387,992	349,497	293,723
Operating Income		82,393	67,909	44,690
Interest Income		193	805	1,784
Interest Expense		(43,557)	(43,357)	(40,935)
Other Expense		367	485	102
Gain on Disposition of Hotel Properties			7,195
Gain on Hotel Acquisitions, net			12,667	12,096
Development Loan Recovery			22,494
Loss on Debt Extinguishment		(561)	(670)	(545)
Income Before Income (Loss) from Unconsolidated Joint Venture Investments, Income Taxes and Discontinued Operations		38,101	66,558	16,988
Income (Loss) from Unconsolidated Joint Ventures		965	693	(22)
Impairment of Investment in Unconsolidated Joint Venture				(1,813)
Income (Loss) from Unconsolidated Joint Venture Investments		965	693	(1,835)
Income Before Income Taxes		39,066	67,251	15,153
Income Tax Benefit		3,141	2,685	5,600
Income from Continuing Operations		42,207	69,936	20,753
Discontinued Operations (Note 11):
(Loss) Gain on Disposition of Discontinued Assets			(128)	32,121
Impairment of Discontinued Assets			(1,800)	(10,314)
Income from Discontinued Operations, Net of Income Taxes			263	7,388
(Loss) Income from Discontinued Operations			(1,665)	29,195
Net Income		42,207	68,271	49,948
Income Allocated to Noncontrolling Interests		(411)	(1,016)	(335)
Preferred Distributions		(14,356)	$ (14,356)	(14,611)
Extinguishment of Issuance Costs Upon Redemption of Series A Preferred Shares				(2,250)
Net Income Applicable to Common Shareholders		$ 27,440	$ 52,899	$ 32,752
BASIC
Income from Continuing Operations Applicable to Common Shareholders		$ 0.56	$ 1.08	$ 0.07
(Loss) Income from Discontinued Operations Applicable to Common Shareholders		0	(0.03)	0.57
Net Income Applicable to Common Shareholders		0.56	1.05	0.64
DILUTED
Income from Continuing Operations Applicable to Common Shareholders		0.56	1.07	0.07
(Loss) Income from Discontinued Operations Applicable to Common Shareholders		0	(0.03)	0.56
Net Income Applicable to Common Shareholders		$ 0.56	$ 1.04	$ 0.63
Weighted Average Common Shares Outstanding:
Basic		47,786,811	49,777,302	49,597,613
Diluted	[1]	48,369,658	50,307,506	50,479,545
[1]	Income (loss) allocated to noncontrolling interest in Hersha Hospitality Limited Partnership (the "Operating Partnership" or "HHLP") has been excluded from the numerator and common units of limited partnership interest ("Common Units") in the Operating Partnership have been omitted from the denominator for the purpose of computing diluted earnings per share since the effect of including these shares and units 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 Statement Of Oper5

Consolidated Statement Of Operations (Parenthetical) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Potentially dilutive securities that have been excluded from earnings per share:
Share Based Payments	$ 6,523	$ 6,028	$ 9,746
Potentially Dilutive Securities Excluded from the Denominator	1,907,209	1,727,750	1,742,009
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	1,907,209	1,727,750	1,742,009

Consolidated Statements Of Comp

Consolidated Statements Of Comprehensive Income (Loss) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Consolidated Statements Of Comprehensive Income (Loss) [Abstract]
Net Income	$ 42,207	$ 68,271	$ 49,948
Other Comprehensive Income
Change in Fair Value of Derivative Instruments	1,459	1,527	2,694
Less: Reclassification Adjustment for Change in Fair Value of Derivative Instruments Included in Net Income	(1,567)	(1,509)	(1,284)
Other Comprehensive Income (Loss), Net of Tax, Total	(108)	18	1,410
Comprehensive Income	42,099	68,289	51,358
Less: Comprehensive Income Attributable to Noncontrolling Interests	(411)	(1,016)	(335)
Less: Preferred Distributions	(14,356)	$ (14,356)	(14,611)
Less: Extinguishment of Issuance Costs Upon Redemption of Series A Preferred Shares			(2,250)
Comprehensive Income Attributable to Common Shareholders	$ 27,332	$ 52,917	$ 34,162

Consolidated Statements Of Equi

Consolidated Statements Of Equity - USD ($) $ in Thousands	Common Shares [Member]Class A 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 Shares [Member]	Noncontrolling Interests Common Units [Member]	Noncontrolling Interests Consolidated Variable Interest Entity [Member]	Total Noncontrolling Interests [Member]	Redeemable Noncontrolling Interests Shares [Member]	Redeemable Noncontrolling Interests Common Units [Member]	Total
Balance at Dec. 31, 2012	$ 497		$ 70	$ 1,179,780	$ (1,786)	$ (348,734)	$ 829,827			$ 15,484	$ 476	$ 15,960			$ 845,787
Balance, redeemable noncontrolling interests at Dec. 31, 2012														$ 15,321
Balance (in shares) at Dec. 31, 2012		49,668,102	7,000,000						1,012,064
Balance, redeemable noncontrolling interests (in shares) at Dec. 31, 2012													3,064,252
Unit Conversion				(234)			(234)			(766)		(766)			$ (1,000)
Unit Conversion (in shares)		6,948							(49,448)						6,948
Reallocation of Noncontrolling Interest										15,365		15,365		(15,365)	$ 15,365
Reallocation of Noncontrolling Interest (in shares)									766,063				(3,064,252)
Preferred Stock Issuance
Preferred Stock Offering, net of costs			$ 30	72,340			72,370								72,370
Preferred Stock Offering, net of costs (in shares)			3,000,000
Preferred Stock Redemption			$ (24)	(59,976)			(60,000)								(60,000)
Preferred Stock Redemption (in shares)			(2,400,000)
Dividends and Distributions declared:
Common Shares						(50,836)	(50,836)								(50,836)
Preferred Shares						(14,611)	(14,611)								(14,611)
Common Units										(1,669)		(1,669)			(1,669)
Dividend Reinvestment Plan				38			38								38
Dividend Reinvestment Plan (in shares)		1,802
Stock Based Compensation
Grants	10			497			507								507
Grants (in shares)		1,013,017
Amortization				9,871			9,871								9,871
Change in Fair Value of Derivative Instruments					1,410		1,410								1,410
Net Income (Loss)						49,613	49,613			1,109	(818)	291		$ 44	49,904
Balance at Dec. 31, 2013	507		$ 76	1,202,316	(376)	(364,568)	837,955	$ 29,523		$ 29,523	(342)	29,181			867,136
Balance (in shares) at Dec. 31, 2013		50,689,868	7,600,000					1,728,679	1,728,679
Unit Conversion				(77)			(77)	$ (261)				(261)			$ (338)
Unit Conversion (in shares)		4,725						(16,326)							4,725
Restricted Shares Forfeiture/LTIP Unit Issuance	(5)			5			0								$ 0
Restricted Shares Forfeiture (in shares)		(487,081)													1,948,324
LTIP Unit Issuance (in shares)								487,081
Repurchase of Common Shares	(7)			(13,791)		(1,621)	(15,419)								$ (15,419)
Dividends and Distributions declared:
Common Shares						(52,091)	(52,091)								(52,091)
Preferred Shares						(14,356)	(14,356)								(14,356)
Common Units								$ (1,793)				$ (1,793)			$ (1,793)
LTIP Units								(136,000)				(136,000)			(136,000)
Dividend Reinvestment Plan				50			50								$ 50
Dividend Reinvestment Plan (in shares)		2,162
Stock Based Compensation
Grants	2			647			649								649
Grants (in shares)		155,811
Amortization				5,397			5,397								5,397
Change in Fair Value of Derivative Instruments					18		18								18
Net Income (Loss)						67,255	67,255	$ 1,749			(733)	$ 1,016			68,271
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
Repurchase of Common Shares (in shares)		(656,714)
Unit Conversion				132			132	$ (132)				(132)
Unit Conversion (in shares)		8,965						(8,965)							8,965
LTIP Unit Issuance (in shares)															128,832
Repurchase of Common Shares	(53)			(110,517)		(17,669)	(128,239)								$ (128,239)
Dividends and Distributions declared:
Common Shares						(52,664)	(52,664)								(52,664)
Preferred Shares						(14,356)	(14,356)								(14,356)
Common Units								$ (1,913)				$ (1,913)			$ (1,913)
LTIP Units								(694,000)				(694,000)			(694,000)
Dividend Reinvestment Plan				50			50								$ 50
Dividend Reinvestment Plan (in shares)		2,018
Stock Based Compensation
Grants				620			620								620
Grants (in shares)		47,985						128,832
Amortization				1,427			1,427	$ 4,437				$ 4,437			5,864
Change in Fair Value of Derivative Instruments					(108)		(108)								(108)
Net Income (Loss)						41,796	41,796	1,096			(685)	411			42,207
Balance at Dec. 31, 2015	$ 444		$ 76	$ 1,086,259	$ (466)	$ (408,274)	$ 678,039	$ 31,876			$ (1,760)	$ 30,116			$ 708,155
Balance (in shares) at Dec. 31, 2015		44,457,368	7,600,000					2,319,301
Repurchase of Common Shares (in shares)		(5,310,371)													(5,310,371)

Consolidated Statements Of Equ8

Consolidated Statements Of Equity (Parenthetical) - $ / shares	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013
Dividends and Distributions declared:
Common Stock, Dividends declared (in dollars per share)	$ 0.26	$ 0.24
Common Units, Distributions declared (in dollars per share)	$ 0.26	$ 0.24

Consolidated Statements Of Cash

Consolidated Statements Of Cash Flows - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Operating Activities:
Net income	$ 42,207	$ 68,271	$ 49,948
Adjustments to Reconcile Net Income to Net Cash Provided by Operating Activities:
Gain on Hotel Acquisitions, Net		(12,667)	(12,096)
Contingent Consideration		2,000
Development Loan Recovery		(22,494)
Gain on Disposition of Hotel Properties		(7,067)	(32,121)
Impairment of Hotel Assets		1,800	10,314
Deferred Taxes	(3,141)	(2,685)	(5,500)
Depreciation	74,007	68,753	61,801
Amortization	1,492	1,979	2,545
Loss on Debt Extinguishment	324	673	471
Equity in (Income) Loss of Unconsolidated Joint Ventures	(965)	(693)	1,835
Distributions from Unconsolidated Joint Ventures	1,446	1,262	568
Loss Recognized on Change in Fair Value of Derivative Instrument	107	71	22
Stock Based Compensation Expense	6,523	6,028	9,746
(Increase) Decrease in:
Hotel Accounts Receivable	993	(350)	2,419
Escrows	(14)	1,272	476
Other Assets	(6,973)	2,182	(4,269)
Due from Related Parties	337	4,544	(2,636)
(Decrease) Increase in:
Due to Related Parties	1,586	2,388	412
Accounts Payable, Accrued Expenses and Other Liabilities	3,888	(2,373)	6,326
Net Cash Provided by Operating Activities	121,817	112,894	90,261
Investing Activities:
Purchase of Hotel Property Assets	(110,176)	(175,236)	(217,142)
Deposits on Hotel Acquisitions	(5,000)		(1,836)
Capital Expenditures	(27,366)	(38,342)	(42,854)
Cash Paid for Hotel Development Projects	(950)	(3,764)	(20,054)
Proceeds from Disposition of Hotel Properties		30,056	136,015
Net Changes in Capital Expenditure Escrows	(779)	4,577	(1,287)
Proceeds from Insurance Claims		1,881	5,001
Repayment of Development Loans Receivable			15,122
Distributions from Unconsolidated Joint Venture	362	324	1,711
Advances and Capital Contributions to Unconsolidated Joint Ventures			(150)
Net Cash Used in Investing Activities	(143,909)	(180,504)	(125,474)
Financing Activities:
Proceeds from Borrowings Under Line of Credit, Net	27,000
Proceeds from Unsecured Term Loan Borrowing	300,000	100,000	50,000
Principal Repayment of Mortgages and Notes Payable	(184,356)	(61,348)	(54,398)
Proceeds from Mortgages and Notes Payable	87,750	101,000	65,000
Cash Paid for Deferred Financing Costs	(2,362)	(4,450)	(2,283)
Proceeds from Issuance of Preferred Shares, Net			72,370
Redemption of Series A Preferred Shares			(60,000)
Repurchase of Common Shares	(128,239)	(15,418)
Redemption of Common Partnership Units		(338)	(1,000)
Settlement of Interest Rate Cap	(450)	(8)	(565)
Dividends Paid on Common Shares	(54,041)	(50,286)	(50,553)
Dividends Paid on Preferred Shares	(14,356)	(14,356)	(14,522)
Distributions Paid on Common Units	(2,574)	(1,724)	(1,682)
Net Cash Provided by Financing Activities	28,372	53,072	2,367
Net Increase (Decrease) in Cash and Cash Equivalents	6,280	(14,538)	(32,846)
Cash and Cash Equivalents - Beginning of Period	21,675	36,213	69,059
Cash and Cash Equivalents - End of Period	$ 27,955	$ 21,675	$ 36,213

Organization And Summary Of Sig

Organization And Summary Of Significant Accounting Policies	12 Months Ended
	Dec. 31, 2015
Organization And Summary Of Significant Accounting Policies [Abstract]
Organization And Summary Of Significant Accounting Policies	NOTE 1 – ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Hersha Hospitality Trust (“we” or the “Company”) was formed in May 1998 as a self-administered, Maryland real estate investment trust. We have elected to be taxed and expect to continue to elect to be taxed as a real estate investment trust, or REIT, for federal income tax purposes. The Company owns a controlling general partnership interest in Hersha Hospitality Limited Partnership (“HHLP” or the “Partnership”), which owns a 99% limited partnership interest in various subsidiary partnerships. Hersha Hospitality, LLC (“HHLLC”), a Virginia limited liability company, owns a 1% general partnership interest in the subsidiary partnerships and the Partnership is the sole member of HHLLC. The Partnership owns a taxable REIT subsidiary (“TRS”), 44 New England Management Company (“44 New England” or “TRS Lessee”), which leases certain of the Company’s hotels. Hersha’s common shares of beneficial interest trade on the New York Stock Exchange (“the NYSE”) under the ticker symbol "HT", its 8.0% Series B preferred shares of beneficial interest trade on the NYSE under the ticker symbol “HT PR B” and its 6.875% Series C preferred shares of beneficial interest trade on the NYSE under the ticker symbol “HT PR C.” As of December 31, 2015, the Company, through the Partnership and subsidiary partnerships, wholly owned 49 limited and full service hotels. All of the wholly owned hotel facilities are leased to the Company’s TRS, 44 New England. In addition to the wholly owned hotel properties, as of December 31, 2015, the Company owned joint venture interests in another five properties. The properties owned by the joint ventures are leased to a TRS owned by the joint venture or to an entity owned by the joint venture partners and 44 New England. The following table lists the properties owned by these joint ventures: Joint Venture Ownership Property Location Lessee/Sublessee Unconsolidated Joint Ventures Mystic Partners, LLC 66.7% Marriott Mystic, CT Mystic Partners Leaseco, LLC 8.8% Hilton Hartford, CT Mystic Partners Leaseco, LLC 15.0% Marriott Hartford, CT Mystic Partners Leaseco, LLC SB Partners, LLC 50.0% Holiday Inn Express South Boston, MA South Bay Sandeep, LLC Hiren Boston, LLC 50.0% Courtyard South Boston, MA South Bay Boston, LLC Mystic Partners, LLC owns an interest in three hotel properties. Our interest in Mystic Partners, LLC is relative to our interest in each of the three properties owned by the joint venture as defined in the joint venture’s governing documents. Each of the three properties owned by Mystic Partners, LLC is leased to a separate entity that is consolidated in Mystic Partners Leaseco, LLC which is owned by 44 New England and our joint venture partner in Mystic Partners, LLC. The properties are managed by eligible independent management companies, including Hersha Hospitality Management, LP (“HHMLP”). HHMLP is owned in part by certain of our trustees and executive officers and other unaffiliated third party investors. Principles of Consolidation and Presentation The accompanying consolidated financial statements have been prepared in accordance with U.S. generally accepted accounting principles and include all of our accounts as well as accounts of the Partnership, subsidiary partnerships and our wholly owned TRS Lessee. All significant inter-company amounts have been eliminated. NOTE 1 – ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED) Consolidated properties are either wholly owned or owned less than 100% by the Partnership and are controlled by the Company as general partner of the Partnership. Properties owned in joint ventures are also consolidated if the determination is made that we are the primary beneficiary in a variable interest entity (VIE) or we maintain control of the asset through our voting interest in the entity. Control can be demonstrated when the general partner has the power to impact the economic performance of the partnership, which includes the ability of the general partner to manage day-to-day operations, refinance debt and sell the assets of the partnerships without the consent of the limited partners and the inability of the limited partners to replace the general partner. Control can be demonstrated by the limited partners if the limited partners have the right to dissolve or liquidate the partnership or otherwise remove the general partner without cause or have rights to participate in the significant decisions made in the ordinary course of the partnership’s business. We evaluate each of our investments and contractual relationships to determine whether they meet the guidelines of consolidation. Entities are consolidated if the determination is made that we are the primary beneficiary in a VIE or we maintain control of the asset through our voting interest or other rights in the operation of the entity. To determine if we are the primary beneficiary of a VIE, we evaluate whether we have a controlling financial interest in that VIE. An enterprise is deemed to have a controlling financial interest if it has i) the power to direct the activities of a variable interest entity that most significantly impact the entity’s economic performance, and ii) the obligation to absorb losses of the VIE that could be significant to the VIE or the rights to receive benefits from the VIE that could be significant to the VIE. Control can also be demonstrated by the ability of a member to manage day-to-day operations, refinance debt and sell the assets of the partnerships without the consent of the other member and the inability of the members to replace the managing member. Based on our examination, the following entities were determined to be VIE’s: Mystic Partners, LLC; Mystic Partners Leaseco, LLC; South Bay Boston, LLC; Brisam Management DE, LLC; Hersha Statutory Trust I; and Hersha Statutory Trust II. Mystic Partners, LLC is a VIE entity, however because we are not the primary beneficiary it is not consolidated by the Company. Our maximum exposure to losses due to our investment in Mystic Partners, LLC is limited to our investment in the joint venture which is $5,02 2 as of December 31, 2015. Also, Mystic Partners Leaseco, LLC; and South Bay Boston, LLC lease hotel properties from our joint venture interests and are VIEs. These entities are consolidated by the lessors, the primary beneficiaries of each entity. Brisam Management DE, LLC is consolidated in our financial statements, as we are considered to be the primary beneficiary. Hersha Statutory Trust I and Hersha Statutory Trust II are VIEs but HHLP is not the primary beneficiary in these entities. Accordingly, the accounts of Hersha Statutory Trust I and Hersha Statutory Trust II are not consolidated with and into HHLP. We allocate resources and assess operating performance based on individual hotels and consider each one of our hotels to be an operating segment. All of our individual operating segments meet the aggregation criteria. All of our other real estate investment activities are immaterial and meet the aggregation criteria, and thus, we report one segment: investment in hotel properties. Use of Estimates The preparation of financial statements in conformity with accounting principles generally accepted in the United States (US GAAP) requires management to make estimates and assumptions that affect the reported amount of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenue and expenses during the reporting period. Actual results could differ from those estimates. Although we believe the assumptions and estimates we made are reasonable and appropriate, as discussed in the applicable sections throughout these Consolidated Financial Statements, different assumptions and estimates could materially impact our reported results. The current economic environment has increased the degree of uncertainty inherent in these estimates and assumptions and changes in market conditions could impact our future operating results. Investment in Hotel Properties The Company allocates the purchase price of hotel properties acquired based on the fair value of the acquired real estate, furniture, fixtures and equipment, and intangible assets and the fair value of liabilities assumed, including debt. The fair value allocations were determined using Level 3 inputs, which are typically unobservable and are based on our own assumptions, as there is little, if any, related market activity. The Company’s investments in hotel properties are carried at cost and are depreciated using the straight-line method over the following estimated useful lives: Building and Improvements 7 to 40 Years Furniture, Fixtures and Equipment 2 to 7 Years NOTE 1 – ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED) The Company periodically reviews the carrying value of each hotel to determine if circumstances indicate impairment to the carrying value of the investment in the hotel or that depreciation periods should be modified. If facts or circumstances support the possibility of impairment, the Company will prepare an estimate of the undiscounted future cash flows, without interest charges, of the specific hotel. Based on the properties undiscounted future cash flows, the Company will determine if the investment in such hotel is recoverable. If impairment is indicated, an adjustment will be made to reduce the carrying value of the hotel to reflect the hotel at fair value. We consider a hotel to be held for sale when management and our independent trustees commit to a plan to sell the property, the property is available for sale, management engages in an active program to locate a buyer for the property and it is probable the sale will be completed within a year of the initiation of the plan to sell. Acquisition-related cost, such as due diligence, legal and accounting fees, are not capitalized or applied in determining the fair value of the above acquired assets. Investment in Unconsolidated Joint Ventures If it is determined that we do not have a controlling interest in a joint venture, either through our financial interest in a VIE or our voting interest in a voting interest entity, the equity method of accounting is used. Under this method, the investment, originally recorded at cost, is adjusted to recognize our share of net earnings or losses of the affiliates as they occur rather than as dividends or other distributions are received, limited to the extent of our investment in, advances to and commitments for the investee. Pursuant to our joint venture agreements, allocations of profits and losses of some of our investments in unconsolidated joint ventures may be allocated disproportionately as compared to nominal ownership percentages due to specified preferred return rate thresholds. The Company periodically reviews the carrying value of its investment in unconsolidated joint ventures to determine if circumstances indicate impairment to the carrying value of the investment that is other than temporary. When an impairment indicator is present, we will estimate the fair value of the investment. Our estimate of fair value takes into consideration factors such as expected future operating income, trends and prospects, as well as the effects of demand, competition and other factors. This determination requires significant estimates by management, including the expected cash flows to be generated by the assets owned and operated by the joint venture. To the extent impairment has occurred and the impairment is considered other than temporary, the loss will be measured as the excess of the carrying amount over the fair value of our investment in the unconsolidated joint venture. Cash and Cash Equivalents Cash and cash equivalents represent cash on hand and in banks plus short-term investments with an initial maturity of three months or less when purchased. Escrow Deposits Escrow deposits include reserves for debt service, real estate taxes, and insurance and reserves for furniture, fixtures, and equipment replacements, as required by certain mortgage debt agreement restrictions and provisions. Hotel Accounts Receivable Hotel accounts receivable consists primarily of meeting and banquet room rental and hotel guest receivables. The Company generally does not require collateral. Ongoing credit evaluations are performed and an allowance for potential losses from uncollectible accounts is provided against the portion of accounts receivable that is estimated to be uncollectible. NOTE 1 – ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED) Deferred Financing Costs Deferred financing costs are recorded at cost and amortized over the terms of the related indebtedness using the effective interest method. Due from/to Related Parties Due from/to Related Parties represents current receivables and payables resulting from transactions related to hotel management and project management with affiliated entities. Due from related parties results primarily from advances of shared costs incurred. Due to affiliates results primarily from hotel management and project management fees incurred. Both due to and due from related parties are generally settled within a period not to exceed one year. Intangible Assets and Liabilities Intangible assets consist of leasehold intangibles for above-market value of in-place leases and deferred franchise fees. The leasehold intangibles are amortized over the remaining lease term. Deferred franchise fees are amortized using the straight-line method over the life of the franchise agreement. Intangible liabilities consist of leasehold intangibles for below-market value of in-place leases. The leasehold intangibles are amortized over the remaining lease term. Intangible liabilities are included in the accounts payable, accrued expenses and other liabilities on the Company’s consolidated balance sheets. Development Project Capitalization We have opportunistically engaged in the development and re-development of hotel assets. We capitalize expenditures related to hotel development projects and renovations, including indirect costs such as interest expense, real estate taxes and utilities related to hotel development projects and renovations. Noncontrolling Interest Noncontrolling interest in the Partnership represents the limited partner’s proportionate share of the equity of the Partnership. Income (loss) is allocated to noncontrolling interest in accordance with the weighted average percentage ownership of the Partnership during the period. At the end of each reporting period the appropriate adjustments to the income (loss) are made based upon the weighted average percentage ownership of the Partnership during the period. Our ownership interest in the Partnership as of December 31, 2015, 2014 and 2013 was 95.0% , 95.8% , and 96.7% , respectively. We define a noncontrolling interest as the portion of equity in a subsidiary not attributable, directly or indirectly, to a parent. Such noncontrolling interests are reported on the consolidated balance sheets within equity, but separately from the shareholders’ equity. Revenues, expenses and net income or loss attributable to both the Company and noncontrolling interests are reported on the consolidated statements of operations. In accordance with US GAAP, we classify securities that are redeemable for cash or other assets at the option of the holder, or not solely within the control of the issuer, outside of permanent equity in the consolidated balance sheet. The Company makes this determination based on terms in applicable agreements, specifically in relation to redemption provisions. Additionally, with respect to noncontrolling interests for which the Company has a choice to settle the contract by delivery of its own shares, the Company considers the guidance in US GAAP to evaluate whether the Company controls the actions or events necessary to issue the maximum number of common shares that could be required to be delivered at the time of settlement of the contract. We classify the noncontrolling interests of our consolidated joint ventures, consolidated variable interest entity, and certain Common Units (“Nonredeemable Common Units”) as equity. The noncontrolling interests of Nonredeemable Common Units totaled $31,876 as of December 31, 2015 and $29,082 as of December 31, 2014. As of December 31, 2015, there were 2,319,301 Nonredeemable Common Units outstanding with a fair market value of $50,468 , based on the price per share of our common shares on the NYSE on such date. NOTE 1 – ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED) In accordance with the partnership agreement of the Partnership, 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. Prior to February 1, 2013, certain Common Units (“Redeemable Common Units”) had been pledged as collateral in connection with a pledge and security agreement entered into by the Company and the holders of the Redeemable Common Units. The redemption feature contained in the pledge and security agreement where the Redeemable Common Units served as collateral contains a provision that could result in a net cash settlement outside of the control of the Company. As a result, prior to February 1, 2013, the Redeemable Common Units were classified in the mezzanine section of the consolidated balance sheets as they did not meet the requirements for equity classification under US GAAP. Effective February 1, 2013, the aforementioned pledge and security agreement is no longer in place and therefore these Common Units have been treated as Nonredeemable Common Units. The carrying value of the Redeemable Common Units equaled the greater of carrying value based on the accumulation of historical cost or the redemption value. As of December 31, 2015 and 2014, there were no outstanding Common Units designated as Redeemable Common Units. Net income or loss attributed to Nonredeemable Common Units and Redeemable Common Units (collectively, “Common Units”), as well as the net income or loss related to the noncontrolling interests of our consolidated joint venture and consolidated variable interest entity, is included in net income or loss in the consolidated statements of operations. Net income or loss attributed to the Common Units and the noncontrolling interests of our consolidated joint ventures and consolidated variable interest entity is excluded from net income or loss applicable to common shareholders in the consolidated statements of operations. Shareholders’ Equity On February 25, 2013, we completed a public offering of 3,000,000 6.875% Series C Cumulative Redeemable Preferred Shares. These shares have a par value of $0.01 per share with a $25.00 liquidation preference per share. Net proceeds of the offering, after deducting the underwriting discount and the offering expenses payable by us, were approximately $72,370 . We utilized the net proceeds of the offering to redeem all outstanding 8.00% Series A Cumulative Redeemable Preferred Shares on March 28, 2013, and for general corporate purposes. The Series A Preferred Shares were redeemed at a per share redemption price of $25.00 together with accrued and unpaid dividends to the redemption date for an aggregate per share redemption price of $25.4056 . Dividends ceased accruing on the Series A Preferred Shares on March 28, 2013. Terms of the Series B and Series C Preferred Shares outstanding at December 31, 2015 and 2014 are summarized as follows: Dividend Per Share Shares Outstanding Year Ended December 31, Series December 31, 2015 December 31, 2014 Aggregate Liquidation Preference Distribution Rate 2015 2014 Series B 4,600,000 4,600,000 $ 115,000 8.000% $ 2.0000 $ 2.0000 Series C 3,000,000 3,000,000 75,000 6.875% 1.7188 1.7188 Total 7,600,000 7,600,000 NOTE 1 – ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED) In December 2012, our Board of Trustees authorized us to repurchase from time to time up to an aggregate of $75,000 of our outstanding common shares through December 31, 2013. We did not repurchase any common shares prior to the expiration of the share repurchase program. In January 2014, our Board of Trustees again authorized us to repurchase from time to time up to an aggregate of $75,000 of our outstanding common shares. In February 20 15, our Board of Trustees authorized us to repurchase from time to time up to an aggregate of $100,000 of our outstanding shares. In October 2015, our Board of Trustees authorized a new share repurchase program for $100,000 which would commence up on the completion of the existing program. The new program will expire on December 31, 2016 unless extended by the Board of Trustees. We may seek Board of Trustee approval to increase the 2016 authorization. For the year ended December 31, 2015, the Company repurchased 5,310,371 common shares for an aggregate purchase price of $128,239 under the February 2015 and October 2015 repurchase programs . Upon repurchase by the Company, these common shares ceased to be outstanding and became authorized but unissued common shares. On December 23, 2014, we amended our partnership agreement to allow for the issuance of profits interests in HHLP in the form of LTIP Units, a new class of limited partnership units in HHLP, and to establish the terms of the LTIP Units. The LTIP Units vest on December 31 and June 1 of each year, beginning on December 31, 2014 and ending on June 1, 2017. The LTIP units contain restricted stock awards that were forfeited and replaced with LTIP unit awards with similar terms. The total number of Restricted Stock Awards forfeited and LTIP Units awarded was 1,948,324 . In May 2015, our Board of Trustees approved a reverse share split of our issued and outstanding common shares and Common Units and LTIP units at a ratio of 1 -for-4. This reverse share split converted every four issued and outstanding common 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 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 Unit and per share data related to these classes of equity have been updated in the accompanying consolidated financial statements to reflect this share split for all periods presented. Stock Based Compensation We measure the cost of employee service received in exchange for an award of equity instruments based on the grant-date fair value of the award. The compensation cost is amortized on a straight line basis over the period during which an employee is required to provide service in exchange for the award. The compensation cost related to performance awards that are contingent upon market-based criteria being met is recorded at the fair value of the award on the date of the grant and amortized over the performance period. Derivatives and Hedging The Company’s objective in using derivatives is to add stability to interest expense and to manage its exposure to interest rate movements. To accomplish this objective, the Company primarily uses interest rate swaps and interest rate caps as part of its cash flow hedging strategy. Interest rate swaps designated as cash flow hedges involve the receipt of variable-rate amounts in exchange for fixed-rate payments over the life of the agreements without exchange of the underlying principal amount. Interest rate caps designated as cash flow hedges limit the Company’s exposure to increased cash payments due to increases in variable interest rates. NOTE 1 – ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED) Revenue Recognition We recognize revenue and expense for all consolidated hotels as hotel operating revenue and hotel operating expense when earned and incurred. These revenues are recorded net of any sales or occupancy taxes collected from our guests. We participate in frequent guest programs sponsored by the brand owners of our hotels and we expense the charges associated with those programs, as incurred. Interest income on development loan financing is recorded in the period earned based on the interest rate of the loan and outstanding balance during the period. Development loans receivable and accrued interest on the development loans receivable are evaluated to determine if outstanding balances are collectible. Interest is recorded only if it is determined the outstanding loan balance and accrued interest balance are collectible. Other revenues consist primarily of fees earned for asset management services provided to hotels we own through unconsolidated joint ventures. Fees are earned as a percentage of hotel revenue and are recorded in the period earned to the extent of the noncontrolling interest ownership. Income Taxes The Company qualifies as a REIT under applicable provisions of the Internal Revenue Code, as amended, and intends to continue to qualify as a REIT. In general, under such provisions, a trust which has made the required election and, in the taxable year, meets certain requirements and distributes to its shareholders at least 90% of its REIT taxable income will not be subject to Federal income tax to the extent of the income which it distributes. Earnings and profits, which determine the taxability of dividends to shareholders, differ from net income reported for financial reporting purposes due primarily to differences in depreciation of hotel properties for Federal income tax purposes. Deferred income taxes relate primarily to the TRS Lessee and are accounted for using the asset and liability method. Under this method, deferred income taxes are recognized for temporary differences between the financial reporting bases of assets and liabilities of the TRS Lessee and their respective tax bases and for their operating loss and tax credit carry forwards based on enacted tax rates expected to be in effect when such amounts are realized or settled. However, deferred tax assets are recognized only to the extent that it is more likely than not that they will be realized based on consideration of available evidence, including tax planning strategies and other factors. The Company may recognize a tax benefit from an uncertain tax position when it is more-likely-than-not (defined as a likelihood of more than 50% ) that the position will be sustained upon examination, including resolutions of any related appeals or litigation processes, based on the technical merits. If a tax position does not meet the more-likely-than-not recognition threshold, despite the Company’s belief that its filing position is supportable, the benefit of that tax position is not recognized in the statements of operations. The Company recognizes interest and penalties, as applicable, related to unrecognized tax benefits as a component of income tax expense. The Company recognizes unrecognized tax benefits in the period that the uncertainty is eliminated by either affirmative agreement of the uncertain tax position by the applicable taxing authority, or by expiration of the applicable statute of limitation. For the years ended December 31, 2015, 2014 and 2013, the Company did not record any uncertain tax positions. As of December 31, 2015, with few exceptions, the Company is subject to tax examinations by U.S. federal, state, and local income tax authorities for years 2003 through 2015. Reclassification Certain amounts in the prior year financial statements have been reclassified to conform to the current year presentation . NOTE 1 – ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED) 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, 2018. 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. ASU 2015-03 does not address debt issuance costs related to line-of-credit arrangements. The SEC staff announced at the June 18, 2015 Emerging Issues Task Force Meeting that it would not object to an entity deferring and presenting debt issuance costs as an asset and subsequently amortizing deferred debt issuance costs ratably over the term of a line-of-credit arrangement, regardless of whether there are outstanding borrowings under that line-of-credit arrangement. In August 2015, the FASB issued ASU 2015-15, Presentation and Subsequent Measurement of Debt Issuance Costs Associated with Line-of-Credit Arrangements, which incorporates the SEC staff guidance into the FASB Accounting Standards Codification . 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 continue 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 anticipates a change in our balance sheet presentation only because the standard does not alter the accounting for amortization of debt issuance costs .

Investment In Hotel Properties

Investment In Hotel Properties	12 Months Ended
	Dec. 31, 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 December 31 , 201 5 and December 31, 201 4 : December 31, 2015 December 31, 2014 Land $ 480,874 $ 439,540 Buildings and Improvements 1,518,565 1,424,842 Furniture, Fixtures and Equipment 227,527 203,275 2,226,966 2,067,657 Less Accumulated Depreciation (395,847) (322,174) Total Investment in Hotel Properties $ 1,831,119 $ 1,745,483 Depreciation expense was $73,672 , $68,418 and $61,500 (including depreciation on assets held for sale) for the years ended December 31, 2015, 2014 and 2013, respectively. During the year ended December 31, 2015, we acquired the following wholly-owned hotel properties: 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 $ 23,764 $ 33,005 $ 3,240 $ 45 $ 978 $ 61,032 $ 28,902 * TownePlace Suites, Sunnyvale, CA 8/25/2015 - 18,999 2,348 6,453 ** - 27,800 - Ritz-Carlton Georgetown, DC 12/29/2015 17,570 29,160 3,270 - - 50,000 - TOTAL $ 41,334 $ 81,164 $ 8,858 $ 6,498 $ 978 $ 138,832 $ 28,902 *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 and intangible asset related to the franchise agreement of $100 with purchase of the property. Acquisition-related cost s , 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 year ended December 31, 201 5 , we paid $708 in acquisition costs related to the above acquired assets. Included in the consolidated statements of operations for the year ended December 31, 2015 are total revenues of $7,150 and a total net income of $548 for hotels we have acquired and consolidated since the date of acquisition. These amounts represent the results of operations for these hotels since the date of acquisition: Year Ended December 31, 2015 Hotel Revenue Net Income St. Gregory Hotel, Washington, DC $ 5,257 $ 164 TownePlace Suites, Sunnyvale, CA 1,744 364 Ritz-Carlton Georgetown, DC 149 20 Total $ 7,150 $ 548 NOTE 2 – INVESTMENT IN HOTEL PROPERTIES (CONTINUED) 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 transaction closed on January 28, 2016. Upon closing, we assumed debt of $14,700 . Accounting for this acquisition requires an allocation of the purchase price to the assets acquired and the liabilities assumed in the transaction at their respective estimated fair values. The purchase price allocations are estimated based on current available information; however, we still are in the process of obtaining appraisals and finalizing the accounting for the acquisition, which was acquired subsequent to year-end. On February 4, 2016, we announced the signing of definitive agreements with Cindat Capital Management Limited to form a joint venture for 7 of our limited service hotels in Manhattan totaling 1,087 rooms for a total purchase price, including closing costs of $571,400 , or $526 per key. The proposed joint venture is structured with Cindat as the preferred joint venture partner holding a 70.0% ownership stake, while we retain a 30% equity interest. We also announced the signing of a purchase and sale agreement to acquire the 238 -room Hilton Garden Inn M Street, in Washington, DC for $106,500 . These transactions are expected to close no later than March 31, 2016, and are subject to closing conditions, including the completion of the buyer’s due diligence. No assurance can be given that these transactions will close within the expected time frame or at all. During the year ended December 31, 2014, we acquired the following wholly-owned hotel properties: Hotel Acquisition Date Land Buildings and Improvements Furniture Fixtures and Equipment Ground Lease Intangible Franchise Fees and Loan Costs Total Purchase Price Assumption of Debt Hotel Milo, Santa Barbara, CA 2/28/2014 - 55,080 805 (14,230) 273 41,928 24,924 Parrot Key Resort, Key West, FL 5/7/2014 57,889 33,959 8,152 - - 100,000 - Hilton Garden Inn 52nd Street, New York, NY 5/27/2014 45,480 60,762 4,920 - 1,123 112,285 - Total $ 103,369 $ 149,801 $ 13,877 $ (14,230) $ 1,396 $ 254,213 $ 24,924 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 year ended December 31, 2014, we paid $2,178 in acquisition costs related to the above acquired assets. The purchase agreement for the acquisition of the Parrot Key Resort in Key West, FL, contained a provision that entitle d 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 December 31, 2014, a liability was recorded as the fair market value of the contingent consideration was determined to be $2,000 . On May 27, 2014, we completed the acquisition of the Hilton Garden Inn 52 nd Street hotel in New York, NY from an unaffiliated seller. Previously, we had entered into a purchase and sale agreement to acquire this property for total consideration of $84,000 . The purchase price for this property was contractually fixed on August 23, 2012, the date we entered into the purchase and sale agreement. During the 21-month period of time between entering in the purchase and sale agreement on August 23, 2012 and the closing date, the real estate market for hotels located in Manhattan experienced significant price appreciation due to improved economic conditions in the market and in the overall economy. This resulted in an increase in the fair value of the property at the time of closing the acquisition and , as such, we recognized a g ain of approximately $13,594 , which is net of preopening expenses of $927 on the statement of operations, as the fair value of the asset acquired less any liabilities assumed exceeded the consideration transferred. NOTE 2 – INVESTMENT IN HOTEL PROPERTIES (CONTINUED) Consideration given in exchange for the property included $27,500 paid in cash to the seller and our reinstatement and cancellation of a development loan receivable in the original principal amount of $10,000 and $12,494 of accrued interest and late fees. This development loan receivable had previously been fully impaired in 2009, but was recovered as part of this acquisition. As a result, we recognized a gain of $22,494 on the recovery of the previously impaired development loan. In addition, we paid off the existing construction financing and entered into a new mortgage loan of $45,000 . Concurrent with our entry into the new mortgage loan, we entered into an interest rate cap and swap – see “Note 7 – Fair Measurements and Derivative Instruments” for more information on this derivative. No other consideration was exchanged in connection with the acquisition of this property. Below is a tabular reference to illustrate the components of the consideration and fair value of the property: Hotel Initial Purchase Price Interest and Late Fees on Development Loan Non-Cash Fair Market Value Gain on Acquisition Other Fair Market Value At Acquisition Franchise Fees and Loan Costs Asset Value Upon Acquisition Hilton Garden Inn 52nd Street, New York, NY $ 84,000 $ 12,494 $ 13,594 $ 1,074 $ 111,162 $ 1,123 $ 112,285 Included in the consolidated statement of operations for the year ended December 31, 201 4 are total revenues of $28,239 and a total net income of $6,219 for hotels we have acquired and consolidated since the date of acquisition. These amounts represent the results of operations for these hotels since the date of acquisition: Year Ended December 31, 2014 Hotel Revenue Net Income Hotel Milo, Santa Barbara, CA $ 8,655 $ 668 Parrot Key Resort, Key West, FL 9,145 2,978 Hilton Garden Inn 52nd Street, New York, NY 10,439 2,573 Total $ 28,239 $ 6,219 Asset Development and Renovation The Company has opportunistically engaged in the development of hotel assets. On July 22, 2011 , the Company completed the acquisition of the real property and improvements located at 32 Pearl Street, New York, NY, from an unaffiliated seller for a total purchase price of $28,300 . On June 23, 2014, this property opened as a Hampton Inn. The total construction costs spent on this property since acquisition were $9,564 , which equates to a total carrying value of approximately $37,864 when the property opened. In January 2014, the Company completed the construction of an additional oceanfront tower, additional meeting space and structured parking on a land parcel adjacent to the Courtyard by Marriott, Miami, FL, a hotel acquired on November 16, 2011. This land parcel was included in the acquisition of the hotel. We capitalize expenditures related to hotel development projects and renovations, including indirect costs such as interest expense, real estate taxes and utilities related to hotel development projects and renovations. NOTE 2 – INVESTMENT IN HOTEL PROPERTIES (CONTINUED) We have capitalized the following indirect development costs for the years ended December 31, 2015, 2014 and 2013: Year Ended December 31, 2015 2014 2013 Property Tax $ - $ 223 223 $ 388 Interest Expense - 458 458 1,320 Utilities - 73 73 3 Total $ - $ 754 754 $ 1,711 During the second quarter of 2014, we finalized our settlement of the insurance claim we had for losses incurred as a result of Hurricane Sandy. In October 2012, Hurricane Sandy affected numerous hotels within our portfolio. Two hotels within our portfolio were significantly impacted by this natural disaster; one hotel was inoperable (Holiday Inn Express Water Street, New York, NY) and one hotel development project, which was subsequently completed on June 23, 2014, incurred delays in construction (Hampton Inn, Pearl Street, New York, NY). Prior to March 31, 2014, we had recorded estimated property losses of $1,586 on the Holiday Inn Express Water Street and a corresponding insurance claim receivable of $1,486 . This hotel reopened in April 2013. We also had recorded estimated property losses of $1,997 on the Hampton Inn Pearl Street and a corresponding insurance claim receivable of $1,897 . This hotel opened in June 2014. As a result of the claim settlement, we recorded a gain on insurance settlements of approximately $4,604, which included business interruption claims. Pro Forma Results (Unaudited) The following condensed pro forma financial data are presented as if all acquisitions completed since January 1, 201 5 and 201 4 had been completed on January 1, 2014 and 2013. Properties acquired without any operating history are excluded from the condensed pro forma operating results. The condensed pro forma financial data is not necessarily indicative of what actual results of operations of the Company would have been assuming the acquisitions had been consummated on January 1, 2015 and 2014 at the beginning of the year presented, nor do they purport to represent the results of operations for future periods. Year Ended December 31, 2015 2014 Pro Forma Total Revenues 493,096 456,189 Pro Forma Income from Continuing Operations 43,180 73,717 Loss from Discontinued Operations - (1,665) Pro Forma Net Income 43,180 72,052 (Loss) Allocated to Noncontrolling Interest (448) (1,144) Preferred Distributions (14,356) (14,356) Pro Forma Net Income Applicable to Common Shareholders $ 28,376 $ 56,552 Pro Forma Income Applicable to Common Shareholders per Common Share Basic $ 0.59 $ 1.14 Diluted $ 0.59 $ 1.12 Weighted Average Common Shares Outstanding Basic 47,786,811 49,777,302 Diluted 48,369,658 50,307,506

Investment In Unconsolidated Jo

Investment In Unconsolidated Joint Ventures	12 Months Ended
	Dec. 31, 2015
Investment In Unconsolidated Joint Ventures [Abstract]
Investment In Unconsolidated Joint Ventures	NOTE 3 – INVESTMENT IN UNCONSOLIDATED JOINT VENTURES As of December 31, 201 5 and December 31, 201 4 our investment in unconsolidated joint ventures consisted of the following: Percent Preferred December 31, December 31, Joint Venture Hotel Properties Owned Return 2015 2014 SB Partners, LLC Holiday Inn Express, South Boston, MA 50.0% N/A $ 795 $ 913 Hiren Boston, LLC Courtyard by Marriott, South Boston, MA 50.0% N/A 4,499 4,680 Mystic Partners, LLC Hilton and Marriott branded hotels in CT 8.8% -66.7% 8.5% non-cumulative 5,022 5,556 $ 10,316 $ 11,150 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 (loss) recognized during the years ended December 3 1 , 201 5, 2014 and 201 3 , for our investments in unconsolidated joint ventures is as follows: Year Ended Ended December 31, 2015 2014 2013 SB Partners, LLC $ 582 $ 407 $ 264 Hiren Boston, LLC 694 603 113 Mystic Partners, LLC (311) (317) (399) Income (Loss) from Unconsolidated Joint Venture Investments 965 693 (22) Impairment from Unconsolidated Joint Ventures - - (1,813) Income (Loss) from Unconsolidated Joint Venture Investments $ 965 $ 693 $ (1,835) In 2013, we recorded an impairment loss of $1,813 related to the Courtyard, Norwich, CT, one of the properties owned by Mystic Partners, LLC. Mystic Partners, LLC transferred the title to the property to the lender during the year ended December 31, 2014. As we did not anticipate recovering our investment balance in this asset, we reduced the portion of our Mystic Partners, LLC investment related to this property to $0 as of December 31, 2013. On February 1, 2013, the Company closed on the sale of its interest in one of the unconsolidated joint venture properties owned in part by Mystic Partners, LLC to its joint venture partner. As our investment in this unconsolidated joint venture equated the net proceeds distributed to us, we did not record a gain or loss in connection with the sale of this hotel. The Mystic Partners, LLC joint venture agreement provides for an 8.5% non-cumulative preferred return based on our contributed equity interest in the venture. Cash distributions will be made from cash available for distribution, first, to us to provide an 8.5% annual non-compounded return on our unreturned capital contributions and then to our joint venture partner to provide an 8.5% annual non-compounded return of their unreturned contributions. Any remaining cash available for distribution will be distributed to us 10.5% with respect to the net cash flow from the Hartford Marriott, 7.0% with respect to the Hartford Hilton and 56.7% , with respect to the remaining property. Mystic Partners, LLC allocates income to us and our joint venture partner consistent with the allocation of cash distributions in accordance with the joint venture agreements. The Hartford Marriott, part of the Mystic Partners, LLC joint venture, is under an Asset Management Agreement with 44 New England to provide asset management services. Fees for these services are paid monthly to 44 New England and recognized as income in the amount of 0.25% of operating revenues. 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 December 31 , 201 5 and December 31 , 2014 and for the years ended December 31, 2015, 2014 and 2013 . Balance Sheets December 31, December 31, 2015 2014 Assets Investment in Hotel Properties, Net $ 105,354 $ 106,430 Other Assets 15,558 19,032 Total Assets $ 120,912 $ 125,462 Liabilities and Equity Mortgages and Notes Payable $ 113,532 $ 115,446 Other Liabilities 30,575 30,832 Equity: Hersha Hospitality Trust 22,698 23,060 Joint Venture Partner(s) (45,893) (43,876) Total Equity (23,195) (20,816) Total Liabilities and Equity $ 120,912 $ 125,462 Statements of Operations Year Ended December 31, 2015 2014 2013 Room Revenue $ 57,927 $ 59,135 $ 58,273 Other Revenue 22,776 21,725 22,606 Operating Expenses (55,178) (54,831) (55,179) Lease Expense (1,115) (1,063) (996) Property Taxes and Insurance (2,948) (2,934) (3,034) General and Administrative (5,609) (5,783) (5,794) Depreciation and Amortization (6,549) (6,376) (6,697) Interest Expense (6,677) (11,995) (7,526) Debt Extinguishment and Gain on Debt Forgiveness - 3,016 - Gain (Loss) allocated to Noncontrolling Interests (341) 115 (179) Net Income From Continuing Operations $ 2,286 $ 1,009 $ 1,474 (Loss) Income from Discontinued Operations - - (55) Gain on Disposition of Hotel Properties - - 1,161 Net Income $ 2,286 $ 1,009 $ 2,580 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 December 31, 201 5 and December 31, 201 4 . December 31, December 31, 2015 2014 Company's share of equity recorded on the joint ventures' financial statements $ 22,698 $ 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) (12,382) (11,910) Investment in Unconsolidated Joint Ventures $ 10,316 $ 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; 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 And Deposits On Ho

Other Assets And Deposits On Hotel Acquisitions	12 Months Ended
	Dec. 31, 2015
Other Assets And Deposits On Hotel Acquisitions [Abstract]
Other Assets And Deposits On Hotel Acquisitions	NOTE 4 – OTHER ASSETS AND DEPOSITS ON HOTEL ACQUISITIONS Other Assets Other Assets co nsisted of the following at December 31 , 201 5 and December 31, 201 4 : December 31, 2015 December 31, 2014 Investment in Statutory Trusts 1,548 1,548 Prepaid Expenses 14,434 7,883 Deferred Tax Asset, Net of Valuation Allowance of $804 14,590 11,448 Other 7,538 7,547 $ 38,110 $ 28,426 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 $14,590 of net deferred tax assets as of December 31, 201 5 . 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 $14,590 o f net deferred tax assets in the future. Deposits on Hotel Acquisitions As of December 31, 2015 , we had $5,000 in interest bearing deposits related to the future acquisition of the Sanctuary Beach Resort , located in Marina , California (See “Note 2 – Investment in Hotel Properties” for more information). As of December 31, 2014, we had no deposits on hotel acquisitions .

Debt

Debt	12 Months Ended
	Dec. 31, 2015
Debt [Abstract]
Debt	NOTE 5 – DEBT Mortgages We had total mortgages payable at December 31 , 201 5 and December 31, 201 4 of $548,539 and $6 17,375, respectively. These balances consisted of mortgages with fixed and variable interest rates, which ranged from 2.61% to 6.50% as of December 31, 201 5 . Included in these balances are net premiums of $3,503 and $1,584 as of December 31, 201 5 and December 31, 201 4 , respectively, which are amortized over the remaining life of the loans. Aggregate interest expense incurred under the mortgage loans payable totaled $ 26,581 , $ 31,046 and $34,854 during the years ended December 31, 201 5 , 201 4 and 201 3 , 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 two of our hotel properties were not met as of December 31, 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 loans. As of December 31, 201 5 , 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 notes issued to 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 during the years ended December 31, 201 5 , 201 4 and 201 3 was 3.33% , 3.28% and 3.32% , respectively. Interest expense in the amount of $1, 715 , $ 1,690 and $1,712 was recorded for the years ended December 31, 201 5 , 201 4 and 201 3 , respectively. Credit Facilities On August 10, 2015, we entered 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 . 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 credit facility is governed by certain operating metrics of designated unencumbered hotel properties known as borrowing base assets. As of December 31, 201 5 , 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 - Residence Inn, Tyson's Corner, VA 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. 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 February 2014. Prior to this refinancing, the pricing grid for the evolving line of credit and unsecured term loan was U.S. LIBOR plus 1.75% to 2.65% . As of December 31, 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 December 31, 2015, we had fully drawn the $300,000 unsecured term loan. As of December 31, 2015, we had a balance of $27,000 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 agreement providing for the $500,000 unsecured credit facility and $300,000 unsecured term loan include certain financial covenants and requires 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 December 31, 2015. As of December 31, 2015, our remaining borrowing capacity under the $500,000 unsecured credit facility and $300,000 unsecured term loan was $218,745 based on the borrowing base assets at December 31, 2015. The Company recorded interest expense of $10, 147 , $ 6,218 and $5,413 related to borrowings drawn on each of the aforementioned credit facilities, for the years ended December 31, 201 5 , 201 4 and 201 3 , respectively. The weighted average interest rate on our credit facilities was 2.69% , 2.82% and 3.08% for the years ended December 31, 201 5 , 201 4 and 201 3 , respectively. NOTE 5 – DEBT (CONTINUED) Aggregate annual principal payments for the Company’s credit facility , unsecured term loan and mortgages and subordinated notes payable for the five years following December 31, 201 6 and thereafter are as follows: Year Ending December 31, Amount 2016 $ 158,167 2017 203,737 2018 128,871 2019 252,872 2020 2,912 Thereafter 427,025 Net Unamortized Premium 3,503 $ 1,177,087 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 revolving credit facility that relates to our capital improvement projects is capitalized through the date when the assets are placed in service. For the years ended December 31, 201 5 , 201 4 and 201 3 , we capitalized $0 , $ 458 and $1,320 respectively, of interest expense related to these projects. Deferred Financing Costs Costs associated w ith entering into mortgages, notes payable , unsecured term loan 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 December 31, 201 5 , deferred costs were $ 8,971 , net of accumulated amortization of $8,024 . Amortization of deferred costs for the years ended December 31, 201 5 , 201 4 and 201 3 was $2,650 , $2 ,768 and $2,886 respectively. Debt Payoff On August 10, 2015, we repaid in full outstanding mortgage debt with an original principal balance of $60,000 secured by the Courtyard by Marriott, 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 on July 1, 2016, and we incurred approximately $329 in expense in unamortized deferred financing costs and fees. On October 27, 2014, we repaid $10,179 on our mortgage with Berkadia Commercial Mortgage, LLC for the Residence Inn, Greenbelt, MD property. The loan was due to mature in October 2014, and we incurred no loss on debt extinguishment in paying off the loan. On June 30, 2013, we repaid $7,928 on our mortgage with Berkadia Commercial Mortgage, LLC for the Residence Inn, Tysons Corner, VA property. The loan was due to mature in July 2013, and we incurred no loss on debt extinguishment in paying off the loan. On January 3, 2013, we funded an additional $50,000 in unsecured term loan borrowings under our then $400,000 unsecured credit facility which was used to pay off the balance of the mortgage loan secured by the Holiday Inn Express, Times Square, New York, NY on January 7, 2013. This mortgage was also subject to an interest rate swap, which was terminated as a cash flow hedge as of December 31, 2012 due to this payoff. As a result of this payoff, we expensed $261 in unamortized deferred financing costs and fees, which are included in the Loss on Debt Extinguishment caption of the consolidated statements of operations for the year ended December 31, 2013. NOTE 5 – DEBT (CONTINUED) New Debt/Refinance On October 27, 2015 , we refinanced the outstanding mortgage debt with an original balance of $30,000 secured by the Courtyard by Marriott, Los Angeles, California and simultaneously entered into a new mortgage obligation of $35,000 , incurring a loss on debt extinguishment of approximately $10 . The new mortgage debt bears interest at a variable rate of one month U.S. dollar LIBOR plus 3.00% and matures on September 29, 2017 . Also on October 27, 2015, we entered into an interest rate cap that matures on September 27, 2017 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 June 10, 2015, we refinanced the outstanding mortgage debt with an original principal balance of $55,000 secured by the Hyatt Union Square, New York, 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 on 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 the Courtyard by Marriott, Brookline, MA. The loan was due to mature in July 2015 , and we incurred approximately $10 in 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 November 13, 2014, we repaid outstanding mortgage debt on with an original principal balance of $32,000 secured by the Hilton Garden Inn, Tribeca, NY and simultaneously entered into a new mortgage obligation of $46,500 with a new lender. The new mortgage debt bears interest at a variable rate of one month U.S. dollar LIBOR plus 2.30% and matures on November 1, 2019 . On February 28, 2014 , we refinanced our previous $400,000 unsecured credit facility with a $500,000 unsecured credit facility with Citigroup Global Markets Inc. and various other lenders. As a result of this refinance, we expensed $579 in unamortized deferred financing costs and fees, which are included in the Loss on Debt Extinguishment caption of the consolidated statements of operations for the year ended December 31, 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. As a result, we entered into a $9,500 loan with a maturity date of February 1, 2017 . The modified 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% . As a result of this modification, we expensed $ 91 in unamortized deferred financial costs and fees during the year ended December 31, 2014. On April 24, 2013, we modified the $30,000 mortgage loan on the Courtyard by Marriott, Westside, Los Angeles, CA. The modified loan bears interest at a variable rate of one month U.S. dollar LIBOR plus 3.00% , and matures on September 29, 2017 . The modification also contains an option for the Company to advance $5,000 in principal subject to certain conditions, including there being no event of default and compliance with debt service coverage ratio requirements. As a result of this modification, we incurred a loss on debt extinguishment of $284 . This modification did not change the terms of the interest rate swap that we entered into in 2011, which had effectively fixed the interest at 4.947% , and now effectively fixes the interest at 4.10% through September 29, 2015. After the maturity date of the swap, the loan will bear interest at the stated variable rate of one-month U.S. dollar LIBOR plus 3.00% , with a LIBOR floor of 0.75% . See “Note 7 – Fair Value Measurements and Derivative Instruments” for more information.

Commitments And Contingencies A

Commitments And Contingencies And Related Party Transactions	12 Months Ended
	Dec. 31, 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, engages eligible independent contractors in accordance with the requirements for qualification as a REIT under the internal revenue code 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 years ended December 31, 201 5 , 201 4 and 201 3 , base management fees incurred totaled $ 13,675 , $12,263 and $11,713 respectively , and are recorded as Hotel Operating Expenses. For the years ended December 31, 201 5 , 201 4 and 201 3 , we did no t 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 expense for the years ended December 31, 201 5 , 201 4 and 201 3 were $27,998 , $26,015 and $26,247 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 years ended December 31, 201 5 , 201 4 and 201 3 , the Company incurred accounting fees of $1, 484 , $1,410 and $1,739 respectively. For the years ended December 31, 201 5 , 201 4 and 201 3 , the Company incurred information technology fees of $ 441 , $416 and $510 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 years ended December 31, 201 5 , 201 4 and 201 3 , we incurred fees of $996 , $742 and $1,459 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 each of our officers and certain 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 years ended December 31, 201 5 , 201 4 and 201 3 , we incurred charges for hotel supplies of $ 189 , $ 163 and $ 222 respectively. For the years ended December 31, 201 5 , 201 4 and 201 3 , we incurred charges for capital expenditure purchases of $4,542 , $10,6 10 and $19,783 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. Approximatel y $ 1 and $2 is included in accounts payable at December 31, 201 5 and December 31, 201 4 , respectively. Due From Related Parties The due from related parties balance as of December 31, 201 5 and December 31, 201 4 was approximately $6,243 and $6,580 , respectively. The balances primarily consisted of working capital deposits made to Hersha affiliates. Due to Related Parties The balance due to related parties as of December 31, 201 5 and December 31, 201 4 was approximately $8,789 and $7,203 , respectively. The balances consisted of amounts payable to HHMLP for administrative, management, and benefit related fees. Hotel Ground Rent For the years ended December 31, 201 5 , 201 4 and 201 3 we incurred $ 3,137 , $ 2,433 and $ 985 respectively , of rent expense payable pursuant to ground leases related to certain hotel properties. Future minimum lease payments (without reflecting future applicable Consumer Price Index increases) under these agreements are as follows: Year Ending December 31, Amount 2016 $ 2,701 2017 2,706 2018 2,714 2019 2,719 2020 2,744 Thereafter 249,360 $ 262,944 Contingent Consideration 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. NOTE 6 – COMMITMENTS AND CONTINGENCIES AND RELATED PARTY TRANSACTIONS (CONTINUED) Litigation We are not presently subject to any material litigation nor, to our knowledge, is any other litigation threatened against us, other than routine actions for negligence or other claims and administrative proceedings arising in the ordinary course of business, some of which are expected to be covered by liability insurance and all of which collectively are not expected to have a material adverse effect on our liquidity, results of operations or business or financial condition.

Fair Value Measurements And Der

Fair Value Measurements And Derivative Instruments	12 Months Ended
	Dec. 31, 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 December 31 , 201 5 , 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 cou nterparties. However, as of December 31 , 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 December 31, 2015 December 31, 2014 Capitol Hill Hotel, Washington, DC* Swap 0.540% 1-Month LIBOR + 3.25% February 1, 2012 February 1, 2015 $ - $ - $ (8) Hilton Garden Inn 52nd Street, New York, NY Cap 1.100% 1-Month LIBOR + 2.90% May 27, 2014 June 1, 2015 45,000 - - Courtyard, LA Westside, Culver City, LA**** Swap 1.097% 1-Month LIBOR + 3.85% September 29, 2011 September 29, 2015 - - (174) Courtyard, LA Westside, Culver City, LA**** Cap 3.000% 1-Month LIBOR + 3.00% October 27, 2015 September 29, 2017 35,000 19 Hyatt, Union Square, New York, NY Cap 2.000% 1-Month LIBOR + 4.19% April 9, 2013 April 9, 2016 55,000 - 9 Courtyard, Miami, FL*** Swap 0.820% 1-Month LIBOR + 3.50% July 2, 2012 July 1, 2016 - - (218) Unsecured Term Loan Swap 0.545% 1-Month LIBOR + 2.35% November 5, 2012 November 5, 2016 100,000 84 272 Unsecured Term Loan Swap 0.600% 1-Month LIBOR + 2.35% December 18, 2012 November 5, 2016 50,000 18 85 Duane Street Hotel, New York, NY Swap 0.933% 1-Month LIBOR + 4.50% February 1, 2014 February 1, 2017 9,167 (21) (29) Hilton Garden Inn 52nd Street, New York, NY Swap 1.152% 1-Month LIBOR + 2.90% June 1, 2015 February 21, 2017 45,000 (215) (149) Hyatt, Union Square, New York, NY** Cap 3.000% 1-Month LIBOR + 2.30% June 10, 2015 June 10, 2019 55,750 136 - $ 21 $ (212) *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. **** On October 27, 2015, we refinanced the debt associated with Courtyard, LA Westside. As a result, we entered into an interest rate cap with a strike rate of 3.000%. The existing interest rate swap matured on September 29, 2015. See “Note 5 – Debt” for more information regarding this refinance. On January 31, 2014, we entered into an interest rate swap that effectively fixes interest payments at 5.433% on a variable rate mortgage on the Duane Street Hotel. See “Note 5 – Debt” for more information on the interest rate swap. On April 30, 2014, we sold Hotel 373, New York, NY, and therefore, terminated the interest rate cap associated with the mortgage on this property. As a result of this termination, we expensed $55 in fees, which are included in the gain on disposition of hotel properties. On May 27, 2014, we entered into an interest rate cap that effectively fixes interest payments when 1 month-U.S. dollar LIBOR exceeds 1.10% on a variable rate mortgage on the Hilton Garden Inn 52 nd Street, New York, NY. The notional amount of the interest rate cap is $45,000 and equals the principal of the variable rate mortgage being hedged. This interest rate cap matures on June 1, 2015. Upon maturity of the interest rate cap, an interest rate swap will go into effect that effectively fixes the interest payment at 4.052% . NOTE 7 – FAIR VALUE MEASUREMENTS AND DERIVATIVE INSTRUMENTS (CONTINUED) The fair value of certain swaps and our interest rate caps is included in other assets at December 31 , 201 5 and December 31, 201 4 and the fair value of certain of our interest rate swaps is included in accounts payable, accrued expenses and other liabilities at December 31 , 201 5 and December 31, 201 4 . The net change in fair value of derivative instruments designated as cash flow hedges was a loss of $108 , and a gain of $18 and $1,410 for the years ended December 31, 2015, 2014 and 2013, respectively. These unrealized gains and losses were reflected on our consolidated balance sheet in accumulated other comprehensive income. 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 $1,567 of net unrealized gains/losses from accumulated other comprehensive income as an increase to interest expense during 201 5 . During 201 6 , the Company estimates that an additional $177 will be reclassified as an increase to interest expense. 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 December 31, 201 5 , the carrying value and estimated fair value of the Company’s de bt were $1,177,087 and $1,170,901 , respectively . As of December 31, 201 4 , the carrying value and estimated fair value of the Company’s debt were $918,923 and $916,877 , respectively. Impaired Hotel Property As discussed in “Note 12-Discontinued Operations,” the Company recorded an impairment loss for the year ended December 31, 2013 of approximately $3,723 for the Holiday Inn Express Camp Springs, MD for which the anticipated net proceeds from the sale of the hotel were less than the carrying value. The fair value of the hotel was estimated using level 2 inputs. As discussed in “Note 12-Discontinued Operations,” the Company recorded an impairment loss for the year ended December 31, 2013 of approximately $6,591 for the non-core hotel portfolio the Company was under contract to sell for which the anticipated net proceeds were less than the carrying value. The fair value of the non-core hotel portfolio was estimated using level 2 inputs.

Share Based Payments

Share Based Payments	12 Months Ended
	Dec. 31, 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 ( as amended through the date hereof, 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 aw ards 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 December 31, 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 December 31, 2015 December 31, 2014 December 31, 2015 December 31, 2014 March 30, 2015 (2014 Annual EIP) 128,832 3 years 25%/year (1) 64,415 - $ 758 $ - December 23, 2014 (2013 Annual EIP) (3) 83,993 3 years 25%/year (1) 83,992 27,998 173 582 December 23, 2014 (2012 Annual EIP) (3) 97,381 3 years 25%/year (1) 194,761 48,690 - 309 December 23, 2014 (3) 258,899 5 years 33% Year 3, 4, 5 (2) 86,299 - 1,553 2,650 569,105 429,467 76,688 $ 2,484 $ 3,541 (1) 25% of the issued shares vested immediately upon issuance. In general, the remaining shares vest 25% on the first through third anniversaries of the date of effective issuance (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. Stock based compensation expense related to the Annual Long Term Equity Incentive Program of $4,490 , $4,083 and $4,858 was incurred during the years ended December 31, 201 5 , 201 4 and 201 3 , respectively. Unearned compens ation related to the NOTE 8 – SHARE BASED PAYMENTS (CONTINUED) Annual Long Term Equity Incentive Program as of December 31, 201 5 and December 31, 201 4 was $2,484 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 December 31, 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 December 31, 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 Program (“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 December 31, 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 compo nents 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 expense of $ 818 , $ 598 and $3,481 was recorded for the years ended December 31, 201 5 , 201 4 and 201 3 , respe ctively, for the Multi-Year Long Term Equity Incentive Programs . Unearned compensation related to the multi-year program as of December 31, 201 5 and December 31, 201 4 , respectively, was $ 1,548 and $1, 621 . NOTE 8 – SHARE BASED PAYMENTS (CONTINUED) Restricted Share Awards In addition to stock based compensation expense related to awards 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 $ 455 , $ 399 and $ 522 was incurred during the years ended December 31, 201 5 , 201 4 and 201 3 respectively. Unearned compensation related to the restricted share awards as of December 31, 201 5 and December 31, 201 4 was $ 491 and $ 322 , respectively. The following table is a summary of all unvested share awards issued to executives under the 2012 Plan and prior equity incentive plans: Shares Vested Unearned Compensation Original Issuance Date Original Shares Issued Share Price on Date of Grant* Vesting Period Vesting Schedule December 31, 2015 December 31, 2014 December 31, 2015 December 31, 2014 December 31, 2015 816 $ 21.76 2 years 50% /year - - $ 13 $ - July 14, 2015 15,817 28.09 2 -4 years 25 -50% /year - - 335 - June 1, 2015 1,651 25.92 2 years 50% /year - - 30 - March 27, 2015 5,208 25.88 2 years 50% /year 600 - 41 - July 15, 2014 10,352 27.00 2 years 50% /year 6,069 1,532 48 177 June 23, 2014 1,103 26.00 2 years 50% /year 550 - 6 20 March 24, 2014 2,046 22.76 2 years 50% /year 2,046 1,023 - 10 February 13, 2014 462 21.76 2 years 50% /year 462 231 - 2 June 28, 2013 11,899 22.56 2 -4 years 25 -50% /year 11,199 5,724 7 69 June 29, 2012 13,646 21.12 2 -4 years 25 -50% /year 12,445 11,242 11 36 June 30, 2011 4,423 22.28 2 -4 years 25 -50% /year 4,423 3,451 - 8 Total 67,423 37,794 23,203 $ 491 $ 322 *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. Compensation expense incurred for the years ended December 31, 201 5 , 201 4 and 201 3 , respectively, was $ 93 , $ 220 and $ 160 . 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 December 31, 2015 December 31, 2014 December 30, 2014 3,215 $ 29.00 1 year 100% $ - $ 93 *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 Long-Term Equity Incentives Compensation expense for the multi-year long term incentive plans for the Company’s trustees incurred for the years ended December 31, 201 5 , 201 4 and 201 3 , respectively, was $ 59 , $ 71 and $ 55 . Unearned compensation related to the multi-year long term equity incentives was $ 67 and $1 27 as of December 31, 201 5 and December 31, 201 4 , respectively. NOTE 8 – SHARE BASED PAYMENTS (CONTINUED) The following table is a summary of all unvested share awards issued to trustees u nder the 2012 Plan and prior equity incentive plans: Shares Vested Unearned Compensation Original Issuance Date Shares Issued Vesting Period Vesting Schedule December 31, 2015 December 31, 2014 December 31, 2015 December 31, 2014 December 30, 2014 2,500 3 years 33% /year 835 - $ 48 $ 73 December 27, 2013 3,000 3 years 33% /year 2,170 1,334 19 38 December 28, 2012 3,000 3 years 33% /year 3,000 2,168 - 16 6,005 3,502 $ 67 $ 127 Share Awards Compensation expense related to share awards issued to the Board of Trustees of $434 , $457 and $496 w as incurred during the years ended December 31, 201 5 , 201 4 and 201 3 , respectively and is recorded in general and administrative expense on the statement of operations. Share awards 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 . On December 31, 2015, an aggregate 7,500 shares were issued to the Board of Trustees at a price per share on the date of grant of $21.76 . Non-employees The Company issues share based awards as compensation to non-employees for services provided to the Company consisting primarily of restricted common shares. The Company recorded stock based compensation expe nse of $ 174 , $ 200 and $1 74 for the years ended December 31, 201 5 , 201 4 and 201 3 , respectively. Unearned compensation related to the restricted share awards as of December 31, 201 5 and December 31, 201 4 was $ 90 and $ 81 , respectively. The following table is a summary of all unvested share awards issued to non-employees under the Company’s 2012 Plan: Shares Vested Unearned Compensation Original Issuance Date Shares Issued Share Price on Date of Grant* Vesting Period Vesting Schedule December 31, 2015 December 31, 2014 December 31, 2015 December 31, 2014 March 27, 2015 7,438 $ 25.88 2 years 50% /year 3,762 - $ 90 $ - March 24, 2014 7,219 $ 22.76 2 years 50% /year 7,219 3,750 - 81 Total 14,657 10,981 3,750 $ 90 $ 81 *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	12 Months Ended
	Dec. 31, 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. Year Ended December 31, 2015 2014 2013 NUMERATOR: Basic and Diluted* Income from Continuing Operations $ 42,207 $ 69,936 $ 20,753 (Income) Loss from Continuing Operations allocated to Noncontrolling Interests (411) (1,069) 658 Distributions to Preferred Shareholders (14,356) (14,356) (14,611) Dividends Paid on Unvested Restricted Shares and LTIP Units (453) (515) (804) Extinguishment of Issuance Costs Upon Redemption of Series A Preferred Stock - - (2,250) Income from Continuing Operations attributable to Common Shareholders 26,987 53,996 3,746 Discontinued Operations (Loss) Income from Discontinued Operations - (1,665) 29,195 Loss (Income) from Discontinued Operations allocated to Noncontrolling Interests - 53 (993) (Loss) Income from Discontinued Operations attributable to Common Shareholders - (1,612) 28,202 Net Income attributable to Common Shareholders $ 26,987 $ 52,384 $ 31,948 DENOMINATOR: Weighted average number of common shares - basic 47,786,811 49,777,302 49,597,613 Effect of dilutive securities: Restricted Stock Awards and LTIP Units (unvested) 303,949 347,829 596,041 * Contingently Issued Shares 278,898 182,375 285,891 * Weighted average number of common shares - diluted 48,369,658 50,307,506 50,479,545 * Income (loss) allocated to noncontrolling interest in Hersha Hospitality Limited Partnership has been excluded from the numerator and units of limited partnership interest in Hersha Hospitality Limited Partnership have been omitted from the denominator for the purpose of computing diluted earnings per share since the effect of 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.

Cash Flow Disclosures And Non C

Cash Flow Disclosures And Non Cash Investing And Financing Activities	12 Months Ended
	Dec. 31, 2015
Cash Flow Disclosures And Non Cash Investing And Financing Activities [Abstract]
Cash Flow Disclosures And Non Cash Investing And Financing Activities	NOTE 10 – CASH FLOW DISCLOSURES AND NON CASH INVESTING AND FINANCING ACTIVITIES Interest paid during 2015, 2014 and 201 3 totaled $40,240 , $40,760 and $42,984 respectively . The following non-cash investing and financing acti vities occurred during 2015, 201 4 and 2013 : 2015 2014 2013 Common Shares issued as part of the Dividend Reinvestment Plan $ 50 $ 50 $ 38 Acquisition of hotel properties: Debt assumed, including premium 28,902 24,924 - Settlement of development loan receivable principal and accrued interest revenue receivable - 22,494 13,303 Disposition of hotel properties: Debt assumed by purchaser - 45,710 - Conversion of Common Units to Common Shares 132 72 106 Accrued payables for fixed assets placed into service 992 1,312 2,572

Hotel Dispositions

Hotel Dispositions	12 Months Ended
	Dec. 31, 2015
Hotel Dispositions [Abstract]
Hotel Dispositions	NOTE 11 – HOTEL DISPOSITIONS Effective January 1, 2014, we early adopted ASU Update No. 2014-08 concerning the classification and reporti ng 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 ope rations and financial results. As a result of the early 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 will continue to present the operating results as discontinued operations in the statements of operations for all applicable periods presented. Disposed Assets Hotel Acquisition Date Disposition Date Consideration Gain on Disposition Hotel 373 June 2007 April 2014 $ 37,000 $ 7,195 2014 Total $ 7,195 (1) Non-Core Portfolio II (12) January 1999 - July 2010 December 2013 $ 158,600 $ 31,559 (2) Holiday Inn Express, Camp Springs, MD June 2008 September 2013 8,500 120 (3) Comfort Inn, Harrisburg, PA January 1999 June 2013 3,700 442 2013 Total 32,121 (1) The operations from this property included (loss) income of ( $ 137 ) and $858 for the years ended December 31, 2014, and 2013, respectively. (2) In September 2013, our Board of Trustees authorized management of the Company to sell this portfolio. 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. We recorded an impairment loss of approximately $6,591 for those assets for which the anticipated net proceeds do not exceed the carrying value. On December 20, 2013, the Company closed on the sale of 12 of these non-core hotel properties. As a result of entering into these purchase and sale agreements for the 16 non-core assets mentioned above, the operating results for the consolidated assets were reclassified to discontinued operations in the statement of operations for the years ended December 31, 2014 and 2013. The 12 assets were sold for a total sales price of $158,600 , reduced the Company’s consolidated mortgage debt by $ 33,044 and generated a gain on sale of approximately $31,559 . In February 2014, the remaining 4 assets were sold for a total sales price of $58,400 and reduced the Company’s consolidated mortgage debt by $45,710 . We recorded an impairment loss of approximately $1,800 for those assets for which the anticipated net proceeds did not exceed the carrying value. (3) We recorded an impairment loss for this property of approximately $3,723 as the net proceeds did not exceed the carrying value. NOTE 11 – HOTEL DISPOSITIONS (CONTINUED) Assets Held for Sale As of December 31, 2015 and 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 years ended December 31, 2014 and 2013. Discontinued operations include the results of operations for hotels sold in 2013 and the first quarter of 2014. 2014 2013 Revenue: Hotel Operating Revenues $ 1,940 $ 58,045 Total Revenues 1,940 58,045 Expenses: Hotel Operating Expenses 1,151 35,158 Gain on Insurance Settlements 74 - Real Estate and Personal Property Taxes and Property Insurance 91 3,316 General and Administrative 4 36 Depreciation and Amortization 1 7,050 Interest Expense 354 4,863 Other Expense - 44 Income Tax Expense 2 190 Total Expenses 1,677 50,657 Income from Discontinued Operations $ 263 $ 7,388 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.

Shareholders' Equity And Noncon

Shareholders' Equity And Noncontrolling Interests In Partnership	12 Months Ended
	Dec. 31, 2015
Shareholders' Equity And Noncontrolling Interests In Partnership [Abstract]
Shareholders' Equity And Noncontrolling Interests In Partnership	NOTE 12 – SHAREHOLDERS’ EQUITY AND NONCONTROLLING INTERESTS IN PARTNERSHIP Common Shares The Company’s outstanding common shares have been duly authorized, and are fully paid and non-assessable. Common shareholders are entitled to receive dividends if and when authorized and declared by the Board of Trustees of the Company out of assets legally available and to share ratably in the assets of the Company legally available for distribution to its shareholders in the event of its liquidation, dissolution or winding up after payment of, or adequate provision for, all known debts and liabilities of the Company. Preferred Shares The Declaration of Trust authorizes our Board of Trustees to classify any unissued preferred shares and to reclassify any previously classified but unissued preferred shares of any series from time to time in one or more series, as authorized by the Board of Trustees. Prior to issuance of shares of each series, the Board of Trustees is required by Maryland REIT Law and our Declaration of Trust to set for each such series, subject to the provisions of our Declaration of Trust regarding the restriction on transfer of shares of beneficial interest, the terms, the preferences, conversion or other rights, voting powers, restrictions, limitations as to dividends or other distributions, qualifications and terms or conditions of redemption for each such series. Thus, our Board of Trustees could authorize the issuance of additional preferred shares with terms and conditions which could have the effect of delaying, deferring or preventing a transaction or a change in control in us that might involve a premium price for holders of common shares or otherwise be in their best interest. Common Units Common Units are issued in connection with the acquisition of wholly owned hotels and joint venture interests in hotel properties. The total number of Common Units outstanding as of December 31, 2015, 2014 and 2013 was 1,703,386 , 1,712,353 and 1,728,679 , respectively. These units can be redeemed for cash or converted to common shares, at the Company’s option, on a one-for-one basis. The number of common shares issuable upon exercise of the redemption rights will be adjusted upon the occurrence of stock splits, mergers, consolidation or similar pro rata share transactions, that otherwise would have the effect of diluting the ownership interest of the limited partners or our shareholders. During 2015, 2014 and 2013, 8,96 5 , 4,725 and 6,948 Common Units were converted to common shares, respectively. In addition, as noted in “Note 8 – Share Based Payments,” during 2015, the Company issued 128,83 2 LTIP Units.

Income Taxes

Income Taxes	12 Months Ended
	Dec. 31, 2015
Income Taxes [Abstract]
Income Taxes	NOTE 13 – INCOME TAXES The Company elected to be taxed as a REIT under Sections 856 through 860 of the Internal Revenue Code commencing with its taxable year ended December 31, 1999. To qualify as a REIT, the Company must meet a number of organizational and operational requirements, including a requirement that it currently distribute at least 90% of its REIT taxable income to its shareholders. It is the Company’s current intention to adhere to these requirements and maintain the Company’s qualification for taxation as a REIT. As a REIT, the Company generally will not be subject to federal corporate income tax on that portion of its net income that is currently distributed to shareholders. If the Company fails to qualify for taxation as a REIT in any taxable year, it will be subject to federal income taxes at regular corporate rates (including any applicable alternative minimum tax) and may not be able to qualify as a REIT for four subsequent taxable years. Even if the Company qualifies for taxation as a REIT, the Company may be subject to certain state and local taxes on its income and property, and to federal income and excise taxes on its undistributed taxable income. Taxable income from non-REIT activities managed through taxable REIT subsidiaries is subject to federal, state and local income taxes. 44 New England is subject to income taxes at the applicable federal, state and local tax rates. The provision for income taxes differs from the amount of income tax determined by applying the applicable U.S. statutory federal income tax rate to pretax income from continuing operations as a result of the following differences: For the year ended December 31, 2015 2014 2013 Statutory federal income tax provision $ 13,282 $ 22,865 $ 5,152 Adjustment for nontaxable income for Hersha Hospitality Trust (15,853) (25,274) (7,472) State income taxes, net of federal income tax effect (581) (367) (1,317) Recognition of deferred tax assets 11 91 (1,963) Changes in valuation allowance - - - Total income tax benefit $ (3,141) $ (2,685) $ (5,600) The components of the Company’s income tax expense (benefit) from continuing operations for the years ended December 31, 201 5 , 201 4 and 201 3 were as follows: For the year ended December 31, 2015 2014 2013 Income tax expense (benefit): Current: Federal $ - $ - $ - State - - - Deferred: Federal $ (2,261) (2,130) (3,604) State (880) (555) (1,996) Total (3,141) $ (2,685) $ (5,600) Income tax expense (benefit): From continuing operations $ (3,141) (2,685) (5,600) From discontinued operations - 2 190 Total (3,141) $ (2,683) $ (5,410) NOTE 13 – INCOME TAXES (CONTINUED) The components of consolidated TRS’s net deferred tax asset as of December 31, 201 5 and 201 4 were as follows: As of December 31, 2015 2014 Deferred tax assets: Net operating loss carryforwards $ 14,168 $ 11,387 Accrued expenses and other 1,292 616 Tax credit carryforwards 558 481 Total gross deferred tax assets 16,018 12,484 Valuation allowance (804) (804) Total net deferred tax assets $ 15,214 $ 11,680 Deferred tax liabilities: Depreciation and amortization 624 232 Total Net deferred tax assets (liabilities) $ 14,590 $ 11,448 In assessing the realizability of deferred tax assets, management considers whether it is more likely than not that some portion or all of the deferred tax assets will not be realized. Based on limitations related to the utilization of certain tax attribute carryforwards, the Company recorded a valuation allowance of approximately $804 as these attributes are not more likely than not to be realized prior to their expiration. Based on the level of historical taxable income, tax planning strategies and projections for future taxable income over the periods in which the remaining deferred tax assets are deductible, Management believes it is more likely than not that the remaining deferred tax assets will be realized. As of December 31, 201 5 , we have gross federal net operating loss carryforwards of $ 35,353 which expire over various periods from 2023 through 203 5 . As of December 31, 201 5 , we have gross state net operating loss carryforwards of $40,546 which expire over various periods from 201 5 to 203 5 . The Company has tax credits of $ 558 available which begin to expire in 2028. Earnings and profits, which will determine the taxability of distributions to shareholders, will differ from net income reported for financial reporting purposes due to the differences for federal tax purposes in the estimated useful lives and methods used to compute depreciation. The following table sets forth certain per share information regarding the Company’s common and preferred share distributions for the years ended December 31, 201 5 , 201 4 and 201 3 . 2015 2014 2013 Preferred Shares - 8% Series A Ordinary income N/A N/A 100.00% Return of Capital N/A N/A 0.00% Capital Gain Distribution N/A N/A 0.00% Preferred Shares - 8% Series B Ordinary income 100.00% 100.00% 100.00% Return of Capital 0.00% 0.00% 0.00% Capital Gain Distribution 0.00% 0.00% 0.00% Preferred Shares - 6.875% Series C Ordinary income 100.00% 100.00% 100.00% Return of Capital 0.00% 0.00% 0.00% Capital Gain Distribution 0.00% 0.00% 0.00% Common Shares - Class A Ordinary income 79.49% 76.34% 45.15% Return of Capital 20.51% 23.66% 54.85% Capital Gain Distribution 0.00% 0.00% 0.00%

Selected Quarterly Financial Da

Selected Quarterly Financial Data	12 Months Ended
	Dec. 31, 2015
Selected Quarterly Financial Data [Abstract]
Selected Quarterly Financial Data	NOTE 1 4 – SELECTED QUARTERLY FINANCIAL DATA (UNAUDITED) Year Ended December 31, 2015 First Quarter Second Quarter Third Quarter Fourth Quarter Total Revenues $ 95,760 $ 127,081 $ 124,560 $ 123,177 Total Expenses 99,875 108,090 111,396 113,116 (Loss) Income from Unconsolidated Joint Ventures (274) 526 608 105 (Loss) Income from Continuing Operations (4,389) 19,517 13,772 10,166 Income Tax Benefit - 109 631 2,401 Net (Loss) Income (4,389) 19,626 14,403 12,567 (Loss) Income Allocated to Noncontrolling Interests in Continuing Operations (443) 405 244 205 Preferred Distributions 3,589 3,589 3,589 3,589 Net (Loss) Income applicable to Common Shareholders $ (7,535) $ 15,632 $ 10,570 $ 8,773 Basic and diluted earnings per share: Net (Loss) Income applicable to Common Shareholders $ (0.16) $ 0.32 $ 0.22 $ 0.19 Weighted Average Common Shares Outstanding Basic 49,582,790 48,530,716 47,417,452 45,663,416 Diluted 49,582,790 49,043,914 47,909,549 46,211,104 Year Ended December 31, 2014 First Quarter Second Quarter Third Quarter Fourth Quarter Total Revenues $ 80,348 $ 111,830 $ 113,048 $ 112,985 Total Expenses 85,216 53,662 106,767 106,340 (Loss) Income from Unconsolidated Joint Ventures (420) 419 607 87 (Loss) Income from Continuing Operations (5,288) 58,587 6,888 6,732 Income Tax Benefit 108 (1) 699 1,879 (Loss) Income from Discontinued Operations (including Gain on Disposition of Discontinued Assets)* (1,333) - - - Net (Loss) Income (6,513) 58,586 7,587 8,611 (Loss) Income Allocated to Noncontrolling Interests in Continuing Operations (507) 1,655 (49) (83) Preferred Distributions 3,589 3,589 3,589 3,589 Net (Loss) Income applicable to Common Shareholders $ (9,595) $ 53,342 $ 4,047 $ 5,105 Basic and diluted earnings per share: (Loss) Income from continuing operations applicable to common shareholders $ (0.16) $ 1.08 $ 0.08 $ 0.12 Discontinued Operations (0.04) - - - Net Loss (Income) applicable to Common Shareholders $ (0.20) $ 1.08 $ 0.08 $ 0.12 Weighted Average Common Shares Outstanding Basic 50,185,938 49,623,618 49,649,379 49,657,486 Diluted 50,185,938 50,053,389 50,155,497 50,228,966 *Effective January 1, 2014, we early adopted ASU Update No. 2014-08 concerning the classification and reporting of discontinued operations. As such, this line item for quarterly results presented for 2014 will not be comparable .

Schedule III - Real Estate And

Schedule III - Real Estate And Accumulated Depreciation	12 Months Ended
	Dec. 31, 2015
SEC Schedule III, Real Estate and Accumulated Depreciation Disclosure [Abstract]
Schedule III - Real Estate And Accumulated Depreciation	Initial Costs Costs Capitalized Subsequent to Acquisition Gross Amounts at which Carried at Close of Period Accumulated Depreciation Net Book Value Description Encumbrances Land Buildings & Improvements Land Buildings & Improvements Land Buildings & Improvements Total Buildings & Improvements* Land, Buildings & Improvements Date of Acquisition Residence Inn, Framingham, MA 1,325 12,737 - 4,915 1,325 17,652 18,977 ($5,774) 13,203 03/26/04 Hampton Inn, New York, NY (22,363) 5,472 23,280 - 1,885 5,472 25,165 30,637 (7,489) 23,148 04/01/05 Residence Inn, Greenbelt, MD 2,615 14,815 - 2,252 2,615 17,067 19,682 (5,688) 13,994 07/16/04 Courtyard, Brookline, MA - 47,414 - 2,852 - 50,266 50,266 (13,877) 36,389 06/16/05 Residence Inn, Tyson's Corner, VA 4,283 14,475 - 1,927 4,283 16,402 20,685 (4,714) 15,971 02/02/06 Hilton Garden Inn, JFK Airport, NY (19,379) - 25,018 - 2,775 - 27,793 27,793 (7,736) 20,056 02/16/06 Hawthorne Suites, Franklin, MA (7,330) 1,872 8,968 - 565 1,872 9,533 11,405 (2,501) 8,904 04/25/06 Holiday Inn Exp, Cambridge, MA 1,956 9,793 - 2,378 1,956 12,171 14,127 (3,978) 10,149 05/03/06 Residence Inn, Norwood, MA 1,970 11,761 - 1,505 1,970 13,266 15,236 (3,392) 11,844 07/27/06 Hampton Inn, Chelsea, NY (33,155) 8,905 33,500 - 2,423 8,905 35,923 44,828 (9,286) 35,542 09/29/06 Hyatt House, Gaithersburg, MD (13,720) 2,912 16,001 - 4,022 2,912 20,023 22,935 (5,528) 17,407 12/28/06 Hyatt House, Pleasant Hills, CA (20,160) 6,216 17,229 - 3,017 6,216 20,246 26,462 (5,046) 21,416 12/28/06 Hyatt House, Pleasanton, CA (14,490) 3,941 12,560 - 3,530 3,941 16,090 20,031 (4,609) 15,422 12/28/06 Hyatt House, Scottsdale, AZ (16,778) 3,060 19,968 - 3,489 3,060 23,457 26,517 (6,549) 19,968 12/28/06 Hyatt House, White Plains, NY (33,030) 8,823 30,273 - 2,726 8,823 32,999 41,822 (8,631) 33,191 12/28/06 Holiday Inn Exp & Suites, Chester, NY (6,156) 1,500 6,671 - 301 1,500 6,972 8,472 (1,603) 6,869 01/25/07 (1) Costs capitalized subsequent to acquisition include reductions of asset value due to impairment. Initial Costs Costs Capitalized Subsequent to Acquisition Gross Amounts at which Carried at Close of Period Accumulated Depreciation Net Book Value Description Encumbrances Land Buildings & Improvements Land Buildings & Improvements Land Buildings & Improvements Total Buildings & Improvements* Land, Buildings & Improvements Date of Acquisition Hampton Inn, Seaport, NY (17,462) 7,816 19,040 - 952 7,816 19,992 27,808 (4,634) 23,174 02/01/07 Sheraton Hotel, JFK Airport, NY - 27,315 - 2,144 - 29,459 29,459 (5,831) 23,628 06/13/08 Hampton Inn, Philadelphia, PA 3,490 24,382 - 5,931 3,490 30,313 33,803 (11,729) 22,074 02/15/06 Duane Street, Tribeca, NY (9,167) 8,213 12,869 - 1,378 8,213 14,247 22,460 (3,360) 19,100 01/04/08 NU Hotel, Brooklyn, NY - 22,042 - 1,562 - 23,604 23,604 (4,721) 18,883 01/14/08 Hilton Garden Inn, Tribeca, NY (46,500) 21,077 42,955 - 918 21,077 43,873 64,950 (7,414) 57,536 05/01/09 Hampton Inn, Times Square, NY 10,691 41,637 - 757 10,691 42,394 53,085 (6,259) 46,826 02/09/10 Holiday Inn Express, Times Square, NY 11,075 43,113 - 172 11,075 43,285 54,360 (6,383) 47,977 02/09/10 Candlewood Suites, Times Square, NY 10,281 36,687 - 99 10,281 36,786 47,067 (5,415) 41,652 02/09/10 Hyatt Place, KOP, PA 1,133 7,267 - 4,021 1,133 11,288 12,421 (5,089) 7,332 08/17/10 Holiday Inn Express, Wall Street, NY 12,152 21,100 - 414 12,152 21,514 33,666 (3,105) 30,561 05/09/10 Hampton Inn, Washington, DC 9,335 58,048 - 1,232 9,335 59,280 68,615 (8,276) 60,339 09/01/10 Courtyard, Alexandria, VA (23,028) 6,376 26,089 - 2,594 6,376 28,683 35,059 (7,685) 27,374 09/29/06 Sheraton, Wilmington South, DE 1,765 16,929 - 1,265 1,765 18,194 19,959 (3,881) 16,078 12/21/10 Holiday Inn, Water Street, NY 7,341 28,591 - 382 7,341 28,973 36,314 (3,024) 33,290 03/25/11 (1) Costs capitalized subsequent to acquisition include reductions of asset value due to impairment. Initial Costs Costs Capitalized Subsequent to Acquisition Gross Amounts at which Carried at Close of Period Accumulated Depreciation Net Book Value Description Encumbrances Land Buildings & Improvements Land Buildings & Improvements Land Buildings & Improvements Total Buildings & Improvements* Land, Buildings & Improvements Date of Acquisition Capitol Hill Suites Washington, DC (25,000) 8,095 35,141 - 3,993 8,095 39,134 47,229 (5,763) 41,466 04/15/11 Courtyard, LA Westside, CA (35,000) 13,489 27,025 - 4,755 13,489 31,780 45,269 (4,477) 40,792 05/19/11 Hampton Inn, Pearl Street, NY 11,384 23,432 - 556 11,384 23,988 35,372 (958) 34,414 07/22/11 Courtyard, Miami, FL 35,699 55,805 - 21,917 35,699 77,722 113,421 (7,241) 106,180 11/16/11 The Rittenhouse Hotel, PA 7,108 29,556 - 14,127 7,108 43,683 50,791 (7,555) 43,237 03/01/12 Bulfinch, Boston, MA 1,456 14,954 - 1,481 1,456 16,435 17,891 (1,921) 15,969 05/07/12 Holiday Inn Express, Manhattan, NY (51,862) 30,329 57,016 - 801 30,329 57,817 88,146 (5,341) 82,805 06/18/12 Hyatt, Union Square, NY (55,750) 32,940 79,300 - 882 32,940 80,182 113,122 (5,599) 107,523 04/09/13 Courtyard, San Diego, CA 15,656 51,674 - 1,656 15,656 53,330 68,986 (3,504) 65,482 05/30/13 Residence Inn, Coconut Grove, FL 4,146 17,456 - 7,025 4,146 24,481 28,627 (2,317) 26,310 06/12/13 Hotel Milo, Santa Barbara, CA (24,147) - 55,080 - 1,696 - 56,776 56,776 (2,696) 54,080 02/28/14 Hilton Garden Inn, Midtown East, NY (45,000) 45,480 60,762 - 137 45,480 60,899 106,379 (2,440) 103,939 05/27/14 (1) Costs capitalized subsequent to acquisition include reductions of asset value due to impairment. Initial Costs Costs Capitalized Subsequent to Acquisition Gross Amounts at which Carried at Close of Period Accumulated Depreciation Net Book Value Description Encumbrances Land Buildings & Improvements Land Buildings & Improvements Land Buildings & Improvements Total Buildings & Improvements* Land, Buildings & Improvements Date of Acquisition Parrot Key Hotel, Key West, FL 57,889 33,959 - 523 57,889 34,482 92,371 (1,443) 90,928 05/07/14 Winter Haven Hotel, Miami Beach, FL 5,400 18,147 - 523 5,400 18,670 24,070 (974) 23,096 12/20/13 Blue Moon Hotel, Miami Beach, FL 4,874 20,354 - 705 4,874 21,059 25,933 (1,072) 24,861 12/20/13 St. Gregory Hotel, Washington D.C. (25,559) 23,764 33,005 - 52 23,764 33,057 56,821 (448) 56,374 06/16/15 TownePlace Suites, Sunnyvale, CA - 18,999 - 1 - 19,000 19,000 (167) 18,832 08/25/15 Ritz Carlton Georgetown, Washington D.C. 17,570 29,160 - - 17,570 29,160 46,730 (6) 46,724 12/29/15 Total Investment in Real Estate $ ($545,036) 480,874 1,393,353 $ - 125,213 480,874 1,518,565 1,999,438 $ ($237,129) 1,762,309 * Assets are depreciated over a 7 to 40 year life, upon which the latest income statement is computed The aggregate cost of land, buildings and improvements for Federal income tax purposes for the years ended December 31, 2015, 2014 and 2013 is approximate ly $1,848,773 , $1,836,861 and $1,575,555 , respectively. Depreciation is computed for buildings and improvements using a useful life for these assets of 7 to 40 years. See Accompanying Report of Independent Registered Public Accounting Firm 2015 2014 2013 Reconciliation of Real Estate Balance at beginning of year $ 1,864,382 $ 1,629,312 $ 1,520,151 Additions during the year 135,056 333,889 275,032 Dispositions/Deconsolidation of consolidated joint venture during the year - (98,819) (156,504) Changes/Impairments in Assets Held for Sale - (9,367) Total Real Estate $ 1,999,438 $ 1,864,382 $ 1,629,312 Reconciliation of Accumulated Depreciation Balance at beginning of year $ 189,889 $ 162,189 $ 150,353 Depreciation for year 47,240 43,218 39,771 Changes/Impairments in Assets Held for Sale - - 51 Accumulated depreciation on assets sold - (15,518) (27,986) Balance at the end of year $ 237,129 $ 189,889 $ 162,189

Organization And Summary Of S25

Organization And Summary Of Significant Accounting Policies (Policies)	12 Months Ended
	Dec. 31, 2015
Organization And Summary Of Significant Accounting Policies [Abstract]
Collaborative Arrangement, Accounting Policy	Hersha Hospitality Trust (“we” or the “Company”) was formed in May 1998 as a self-administered, Maryland real estate investment trust. We have elected to be taxed and expect to continue to elect to be taxed as a real estate investment trust, or REIT, for federal income tax purposes. The Company owns a controlling general partnership interest in Hersha Hospitality Limited Partnership (“HHLP” or the “Partnership”), which owns a 99% limited partnership interest in various subsidiary partnerships. Hersha Hospitality, LLC (“HHLLC”), a Virginia limited liability company, owns a 1% general partnership interest in the subsidiary partnerships and the Partnership is the sole member of HHLLC. The Partnership owns a taxable REIT subsidiary (“TRS”), 44 New England Management Company (“44 New England” or “TRS Lessee”), which leases certain of the Company’s hotels. Hersha’s common shares of beneficial interest trade on the New York Stock Exchange (“the NYSE”) under the ticker symbol "HT", its 8.0% Series B preferred shares of beneficial interest trade on the NYSE under the ticker symbol “HT PR B” and its 6.875% Series C preferred shares of beneficial interest trade on the NYSE under the ticker symbol “HT PR C.” As of December 31, 2015, the Company, through the Partnership and subsidiary partnerships, wholly owned 49 limited and full service hotels. All of the wholly owned hotel facilities are leased to the Company’s TRS, 44 New England. In addition to the wholly owned hotel properties, as of December 31, 2015, the Company owned joint venture interests in another five properties. The properties owned by the joint ventures are leased to a TRS owned by the joint venture or to an entity owned by the joint venture partners and 44 New England. The following table lists the properties owned by these joint ventures: Joint Venture Ownership Property Location Lessee/Sublessee Unconsolidated Joint Ventures Mystic Partners, LLC 66.7% Marriott Mystic, CT Mystic Partners Leaseco, LLC 8.8% Hilton Hartford, CT Mystic Partners Leaseco, LLC 15.0% Marriott Hartford, CT Mystic Partners Leaseco, LLC SB Partners, LLC 50.0% Holiday Inn Express South Boston, MA South Bay Sandeep, LLC Hiren Boston, LLC 50.0% Courtyard South Boston, MA South Bay Boston, LLC Mystic Partners, LLC owns an interest in three hotel properties. Our interest in Mystic Partners, LLC is relative to our interest in each of the three properties owned by the joint venture as defined in the joint venture’s governing documents. Each of the three properties owned by Mystic Partners, LLC is leased to a separate entity that is consolidated in Mystic Partners Leaseco, LLC which is owned by 44 New England and our joint venture partner in Mystic Partners, LLC. The properties are managed by eligible independent management companies, including Hersha Hospitality Management, LP (“HHMLP”). HHMLP is owned in part by certain of our trustees and executive officers and other unaffiliated third party investors.
Principles Of Consolidation And Presentation	Principles of Consolidation and Presentation The accompanying consolidated financial statements have been prepared in accordance with U.S. generally accepted accounting principles and include all of our accounts as well as accounts of the Partnership, subsidiary partnerships and our wholly owned TRS Lessee. All significant inter-company amounts have been eliminated. NOTE 1 – ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED) Consolidated properties are either wholly owned or owned less than 100% by the Partnership and are controlled by the Company as general partner of the Partnership. Properties owned in joint ventures are also consolidated if the determination is made that we are the primary beneficiary in a variable interest entity (VIE) or we maintain control of the asset through our voting interest in the entity. Control can be demonstrated when the general partner has the power to impact the economic performance of the partnership, which includes the ability of the general partner to manage day-to-day operations, refinance debt and sell the assets of the partnerships without the consent of the limited partners and the inability of the limited partners to replace the general partner. Control can be demonstrated by the limited partners if the limited partners have the right to dissolve or liquidate the partnership or otherwise remove the general partner without cause or have rights to participate in the significant decisions made in the ordinary course of the partnership’s business. We evaluate each of our investments and contractual relationships to determine whether they meet the guidelines of consolidation. Entities are consolidated if the determination is made that we are the primary beneficiary in a VIE or we maintain control of the asset through our voting interest or other rights in the operation of the entity. To determine if we are the primary beneficiary of a VIE, we evaluate whether we have a controlling financial interest in that VIE. An enterprise is deemed to have a controlling financial interest if it has i) the power to direct the activities of a variable interest entity that most significantly impact the entity’s economic performance, and ii) the obligation to absorb losses of the VIE that could be significant to the VIE or the rights to receive benefits from the VIE that could be significant to the VIE. Control can also be demonstrated by the ability of a member to manage day-to-day operations, refinance debt and sell the assets of the partnerships without the consent of the other member and the inability of the members to replace the managing member. Based on our examination, the following entities were determined to be VIE’s: Mystic Partners, LLC; Mystic Partners Leaseco, LLC; South Bay Boston, LLC; Brisam Management DE, LLC; Hersha Statutory Trust I; and Hersha Statutory Trust II. Mystic Partners, LLC is a VIE entity, however because we are not the primary beneficiary it is not consolidated by the Company. Our maximum exposure to losses due to our investment in Mystic Partners, LLC is limited to our investment in the joint venture which is $5,02 2 as of December 31, 2015. Also, Mystic Partners Leaseco, LLC; and South Bay Boston, LLC lease hotel properties from our joint venture interests and are VIEs. These entities are consolidated by the lessors, the primary beneficiaries of each entity. Brisam Management DE, LLC is consolidated in our financial statements, as we are considered to be the primary beneficiary. Hersha Statutory Trust I and Hersha Statutory Trust II are VIEs but HHLP is not the primary beneficiary in these entities. Accordingly, the accounts of Hersha Statutory Trust I and Hersha Statutory Trust II are not consolidated with and into HHLP. We allocate resources and assess operating performance based on individual hotels and consider each one of our hotels to be an operating segment. All of our individual operating segments meet the aggregation criteria. All of our other real estate investment activities are immaterial and meet the aggregation criteria, and thus, we report one segment: investment in hotel properties.
Use Of Estimates	Use of Estimates The preparation of financial statements in conformity with accounting principles generally accepted in the United States (US GAAP) requires management to make estimates and assumptions that affect the reported amount of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenue and expenses during the reporting period. Actual results could differ from those estimates. Although we believe the assumptions and estimates we made are reasonable and appropriate, as discussed in the applicable sections throughout these Consolidated Financial Statements, different assumptions and estimates could materially impact our reported results. The current economic environment has increased the degree of uncertainty inherent in these estimates and assumptions and changes in market conditions could impact our future operating results.
Investment In Hotel Properties	Investment in Hotel Properties The Company allocates the purchase price of hotel properties acquired based on the fair value of the acquired real estate, furniture, fixtures and equipment, and intangible assets and the fair value of liabilities assumed, including debt. The fair value allocations were determined using Level 3 inputs, which are typically unobservable and are based on our own assumptions, as there is little, if any, related market activity. The Company’s investments in hotel properties are carried at cost and are depreciated using the straight-line method over the following estimated useful lives: Building and Improvements 7 to 40 Years Furniture, Fixtures and Equipment 2 to 7 Years NOTE 1 – ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED) The Company periodically reviews the carrying value of each hotel to determine if circumstances indicate impairment to the carrying value of the investment in the hotel or that depreciation periods should be modified. If facts or circumstances support the possibility of impairment, the Company will prepare an estimate of the undiscounted future cash flows, without interest charges, of the specific hotel. Based on the properties undiscounted future cash flows, the Company will determine if the investment in such hotel is recoverable. If impairment is indicated, an adjustment will be made to reduce the carrying value of the hotel to reflect the hotel at fair value. We consider a hotel to be held for sale when management and our independent trustees commit to a plan to sell the property, the property is available for sale, management engages in an active program to locate a buyer for the property and it is probable the sale will be completed within a year of the initiation of the plan to sell. Acquisition-related cost, such as due diligence, legal and accounting fees, are not capitalized or applied in determining the fair value of the above acquired assets.
Investment In Unconsolidated Joint Ventures	Investment in Unconsolidated Joint Ventures If it is determined that we do not have a controlling interest in a joint venture, either through our financial interest in a VIE or our voting interest in a voting interest entity, the equity method of accounting is used. Under this method, the investment, originally recorded at cost, is adjusted to recognize our share of net earnings or losses of the affiliates as they occur rather than as dividends or other distributions are received, limited to the extent of our investment in, advances to and commitments for the investee. Pursuant to our joint venture agreements, allocations of profits and losses of some of our investments in unconsolidated joint ventures may be allocated disproportionately as compared to nominal ownership percentages due to specified preferred return rate thresholds. The Company periodically reviews the carrying value of its investment in unconsolidated joint ventures to determine if circumstances indicate impairment to the carrying value of the investment that is other than temporary. When an impairment indicator is present, we will estimate the fair value of the investment. Our estimate of fair value takes into consideration factors such as expected future operating income, trends and prospects, as well as the effects of demand, competition and other factors. This determination requires significant estimates by management, including the expected cash flows to be generated by the assets owned and operated by the joint venture. To the extent impairment has occurred and the impairment is considered other than temporary, the loss will be measured as the excess of the carrying amount over the fair value of our investment in the unconsolidated joint venture.
Cash And Cash Equivalents	Cash and Cash Equivalents Cash and cash equivalents represent cash on hand and in banks plus short-term investments with an initial maturity of three months or less when purchased.
Escrow Deposits	Escrow Deposits Escrow deposits include reserves for debt service, real estate taxes, and insurance and reserves for furniture, fixtures, and equipment replacements, as required by certain mortgage debt agreement restrictions and provisions.
Hotel Accounts Receivable	Hotel Accounts Receivable Hotel accounts receivable consists primarily of meeting and banquet room rental and hotel guest receivables. The Company generally does not require collateral. Ongoing credit evaluations are performed and an allowance for potential losses from uncollectible accounts is provided against the portion of accounts receivable that is estimated to be uncollectible.
Deferred Financing Costs	Deferred Financing Costs Deferred financing costs are recorded at cost and amortized over the terms of the related indebtedness using the effective interest method.
Due From/To Related Parties	Due from/to Related Parties Due from/to Related Parties represents current receivables and payables resulting from transactions related to hotel management and project management with affiliated entities. Due from related parties results primarily from advances of shared costs incurred. Due to affiliates results primarily from hotel management and project management fees incurred. Both due to and due from related parties are generally settled within a period not to exceed one year.
Intangible Assets	Intangible Assets and Liabilities Intangible assets consist of leasehold intangibles for above-market value of in-place leases and deferred franchise fees. The leasehold intangibles are amortized over the remaining lease term. Deferred franchise fees are amortized using the straight-line method over the life of the franchise agreement. Intangible liabilities consist of leasehold intangibles for below-market value of in-place leases. The leasehold intangibles are amortized over the remaining lease term. Intangible liabilities are included in the accounts payable, accrued expenses and other liabilities on the Company’s consolidated balance sheets.
Development Project Capitalization	Development Project Capitalization We have opportunistically engaged in the development and re-development of hotel assets. We capitalize expenditures related to hotel development projects and renovations, including indirect costs such as interest expense, real estate taxes and utilities related to hotel development projects and renovations.
Noncontrolling Interest	Noncontrolling Interest Noncontrolling interest in the Partnership represents the limited partner’s proportionate share of the equity of the Partnership. Income (loss) is allocated to noncontrolling interest in accordance with the weighted average percentage ownership of the Partnership during the period. At the end of each reporting period the appropriate adjustments to the income (loss) are made based upon the weighted average percentage ownership of the Partnership during the period. Our ownership interest in the Partnership as of December 31, 2015, 2014 and 2013 was 95.0% , 95.8% , and 96.7% , respectively. We define a noncontrolling interest as the portion of equity in a subsidiary not attributable, directly or indirectly, to a parent. Such noncontrolling interests are reported on the consolidated balance sheets within equity, but separately from the shareholders’ equity. Revenues, expenses and net income or loss attributable to both the Company and noncontrolling interests are reported on the consolidated statements of operations. In accordance with US GAAP, we classify securities that are redeemable for cash or other assets at the option of the holder, or not solely within the control of the issuer, outside of permanent equity in the consolidated balance sheet. The Company makes this determination based on terms in applicable agreements, specifically in relation to redemption provisions. Additionally, with respect to noncontrolling interests for which the Company has a choice to settle the contract by delivery of its own shares, the Company considers the guidance in US GAAP to evaluate whether the Company controls the actions or events necessary to issue the maximum number of common shares that could be required to be delivered at the time of settlement of the contract. We classify the noncontrolling interests of our consolidated joint ventures, consolidated variable interest entity, and certain Common Units (“Nonredeemable Common Units”) as equity. The noncontrolling interests of Nonredeemable Common Units totaled $31,876 as of December 31, 2015 and $29,082 as of December 31, 2014. As of December 31, 2015, there were 2,319,301 Nonredeemable Common Units outstanding with a fair market value of $50,468 , based on the price per share of our common shares on the NYSE on such date. NOTE 1 – ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED) In accordance with the partnership agreement of the Partnership, 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. Prior to February 1, 2013, certain Common Units (“Redeemable Common Units”) had been pledged as collateral in connection with a pledge and security agreement entered into by the Company and the holders of the Redeemable Common Units. The redemption feature contained in the pledge and security agreement where the Redeemable Common Units served as collateral contains a provision that could result in a net cash settlement outside of the control of the Company. As a result, prior to February 1, 2013, the Redeemable Common Units were classified in the mezzanine section of the consolidated balance sheets as they did not meet the requirements for equity classification under US GAAP. Effective February 1, 2013, the aforementioned pledge and security agreement is no longer in place and therefore these Common Units have been treated as Nonredeemable Common Units. The carrying value of the Redeemable Common Units equaled the greater of carrying value based on the accumulation of historical cost or the redemption value. As of December 31, 2015 and 2014, there were no outstanding Common Units designated as Redeemable Common Units. Net income or loss attributed to Nonredeemable Common Units and Redeemable Common Units (collectively, “Common Units”), as well as the net income or loss related to the noncontrolling interests of our consolidated joint venture and consolidated variable interest entity, is included in net income or loss in the consolidated statements of operations. Net income or loss attributed to the Common Units and the noncontrolling interests of our consolidated joint ventures and consolidated variable interest entity is excluded from net income or loss applicable to common shareholders in the consolidated statements of operations.
Shareholders' Equity	Shareholders’ Equity On February 25, 2013, we completed a public offering of 3,000,000 6.875% Series C Cumulative Redeemable Preferred Shares. These shares have a par value of $0.01 per share with a $25.00 liquidation preference per share. Net proceeds of the offering, after deducting the underwriting discount and the offering expenses payable by us, were approximately $72,370 . We utilized the net proceeds of the offering to redeem all outstanding 8.00% Series A Cumulative Redeemable Preferred Shares on March 28, 2013, and for general corporate purposes. The Series A Preferred Shares were redeemed at a per share redemption price of $25.00 together with accrued and unpaid dividends to the redemption date for an aggregate per share redemption price of $25.4056 . Dividends ceased accruing on the Series A Preferred Shares on March 28, 2013. Terms of the Series B and Series C Preferred Shares outstanding at December 31, 2015 and 2014 are summarized as follows: Dividend Per Share Shares Outstanding Year Ended December 31, Series December 31, 2015 December 31, 2014 Aggregate Liquidation Preference Distribution Rate 2015 2014 Series B 4,600,000 4,600,000 $ 115,000 8.000% $ 2.0000 $ 2.0000 Series C 3,000,000 3,000,000 75,000 6.875% 1.7188 1.7188 Total 7,600,000 7,600,000 NOTE 1 – ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED) In December 2012, our Board of Trustees authorized us to repurchase from time to time up to an aggregate of $75,000 of our outstanding common shares through December 31, 2013. We did not repurchase any common shares prior to the expiration of the share repurchase program. In January 2014, our Board of Trustees again authorized us to repurchase from time to time up to an aggregate of $75,000 of our outstanding common shares. In February 20 15, our Board of Trustees authorized us to repurchase from time to time up to an aggregate of $100,000 of our outstanding shares. In October 2015, our Board of Trustees authorized a new share repurchase program for $100,000 which would commence up on the completion of the existing program. The new program will expire on December 31, 2016 unless extended by the Board of Trustees. We may seek Board of Trustee approval to increase the 2016 authorization. For the year ended December 31, 2015, the Company repurchased 5,310,371 common shares for an aggregate purchase price of $128,239 under the February 2015 and October 2015 repurchase programs . Upon repurchase by the Company, these common shares ceased to be outstanding and became authorized but unissued common shares. On December 23, 2014, we amended our partnership agreement to allow for the issuance of profits interests in HHLP in the form of LTIP Units, a new class of limited partnership units in HHLP, and to establish the terms of the LTIP Units. The LTIP Units vest on December 31 and June 1 of each year, beginning on December 31, 2014 and ending on June 1, 2017. The LTIP units contain restricted stock awards that were forfeited and replaced with LTIP unit awards with similar terms. The total number of Restricted Stock Awards forfeited and LTIP Units awarded was 1,948,324 . In May 2015, our Board of Trustees approved a reverse share split of our issued and outstanding common shares and Common Units and LTIP units at a ratio of 1 -for-4. This reverse share split converted every four issued and outstanding common 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 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 Unit and per share data related to these classes of equity have been updated in the accompanying consolidated financial statements to reflect this share split for all periods presented.
Stock Based Compensation	Stock Based Compensation We measure the cost of employee service received in exchange for an award of equity instruments based on the grant-date fair value of the award. The compensation cost is amortized on a straight line basis over the period during which an employee is required to provide service in exchange for the award. The compensation cost related to performance awards that are contingent upon market-based criteria being met is recorded at the fair value of the award on the date of the grant and amortized over the performance period.
Derivatives And Hedging	Derivatives and Hedging The Company’s objective in using derivatives is to add stability to interest expense and to manage its exposure to interest rate movements. To accomplish this objective, the Company primarily uses interest rate swaps and interest rate caps as part of its cash flow hedging strategy. Interest rate swaps designated as cash flow hedges involve the receipt of variable-rate amounts in exchange for fixed-rate payments over the life of the agreements without exchange of the underlying principal amount. Interest rate caps designated as cash flow hedges limit the Company’s exposure to increased cash payments due to increases in variable interest rates.
Revenue Recognition	NOTE 1 – ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED) Revenue Recognition We recognize revenue and expense for all consolidated hotels as hotel operating revenue and hotel operating expense when earned and incurred. These revenues are recorded net of any sales or occupancy taxes collected from our guests. We participate in frequent guest programs sponsored by the brand owners of our hotels and we expense the charges associated with those programs, as incurred. Interest income on development loan financing is recorded in the period earned based on the interest rate of the loan and outstanding balance during the period. Development loans receivable and accrued interest on the development loans receivable are evaluated to determine if outstanding balances are collectible. Interest is recorded only if it is determined the outstanding loan balance and accrued interest balance are collectible. Other revenues consist primarily of fees earned for asset management services provided to hotels we own through unconsolidated joint ventures. Fees are earned as a percentage of hotel revenue and are recorded in the period earned to the extent of the noncontrolling interest ownership.
Income Taxes	Income Taxes The Company qualifies as a REIT under applicable provisions of the Internal Revenue Code, as amended, and intends to continue to qualify as a REIT. In general, under such provisions, a trust which has made the required election and, in the taxable year, meets certain requirements and distributes to its shareholders at least 90% of its REIT taxable income will not be subject to Federal income tax to the extent of the income which it distributes. Earnings and profits, which determine the taxability of dividends to shareholders, differ from net income reported for financial reporting purposes due primarily to differences in depreciation of hotel properties for Federal income tax purposes. Deferred income taxes relate primarily to the TRS Lessee and are accounted for using the asset and liability method. Under this method, deferred income taxes are recognized for temporary differences between the financial reporting bases of assets and liabilities of the TRS Lessee and their respective tax bases and for their operating loss and tax credit carry forwards based on enacted tax rates expected to be in effect when such amounts are realized or settled. However, deferred tax assets are recognized only to the extent that it is more likely than not that they will be realized based on consideration of available evidence, including tax planning strategies and other factors. The Company may recognize a tax benefit from an uncertain tax position when it is more-likely-than-not (defined as a likelihood of more than 50% ) that the position will be sustained upon examination, including resolutions of any related appeals or litigation processes, based on the technical merits. If a tax position does not meet the more-likely-than-not recognition threshold, despite the Company’s belief that its filing position is supportable, the benefit of that tax position is not recognized in the statements of operations. The Company recognizes interest and penalties, as applicable, related to unrecognized tax benefits as a component of income tax expense. The Company recognizes unrecognized tax benefits in the period that the uncertainty is eliminated by either affirmative agreement of the uncertain tax position by the applicable taxing authority, or by expiration of the applicable statute of limitation. For the years ended December 31, 2015, 2014 and 2013, the Company did not record any uncertain tax positions. As of December 31, 2015, with few exceptions, the Company is subject to tax examinations by U.S. federal, state, and local income tax authorities for years 2003 through 2015.
Reclassification	Reclassification Certain amounts in the prior year financial statements have been reclassified to conform to the current year presentation
Recent Accounting Pronouncements	NOTE 1 – ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED) 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, 2018. 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. ASU 2015-03 does not address debt issuance costs related to line-of-credit arrangements. The SEC staff announced at the June 18, 2015 Emerging Issues Task Force Meeting that it would not object to an entity deferring and presenting debt issuance costs as an asset and subsequently amortizing deferred debt issuance costs ratably over the term of a line-of-credit arrangement, regardless of whether there are outstanding borrowings under that line-of-credit arrangement. In August 2015, the FASB issued ASU 2015-15, Presentation and Subsequent Measurement of Debt Issuance Costs Associated with Line-of-Credit Arrangements, which incorporates the SEC staff guidance into the FASB Accounting Standards Codification . 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 continue 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 anticipates a change in our balance sheet presentation only because the standard does not alter the accounting for amortization of debt issuance costs

Organization And Summary Of S26

Organization And Summary Of Significant Accounting Policies (Tables)	12 Months Ended
	Dec. 31, 2015
Organization And Summary Of Significant Accounting Policies [Abstract]
Joint Venture Properties	Joint Venture Ownership Property Location Lessee/Sublessee Unconsolidated Joint Ventures Mystic Partners, LLC 66.7% Marriott Mystic, CT Mystic Partners Leaseco, LLC 8.8% Hilton Hartford, CT Mystic Partners Leaseco, LLC 15.0% Marriott Hartford, CT Mystic Partners Leaseco, LLC SB Partners, LLC 50.0% Holiday Inn Express South Boston, MA South Bay Sandeep, LLC Hiren Boston, LLC 50.0% Courtyard South Boston, MA South Bay Boston, LLC
Schedule Of Major Asset Depreciation	Building and Improvements 7 to 40 Years Furniture, Fixtures and Equipment 2 to 7 Years
Schedule Of Preferred Stock	Dividend Per Share Shares Outstanding Year Ended December 31, Series December 31, 2015 December 31, 2014 Aggregate Liquidation Preference Distribution Rate 2015 2014 Series B 4,600,000 4,600,000 $ 115,000 8.000% $ 2.0000 $ 2.0000 Series C 3,000,000 3,000,000 75,000 6.875% 1.7188 1.7188 Total 7,600,000 7,600,000

Investment In Hotel Properties

Investment In Hotel Properties (Tables)	12 Months Ended
	Dec. 31, 2015
Investment In Hotel Properties	December 31, 2015 December 31, 2014 Land $ 480,874 $ 439,540 Buildings and Improvements 1,518,565 1,424,842 Furniture, Fixtures and Equipment 227,527 203,275 2,226,966 2,067,657 Less Accumulated Depreciation (395,847) (322,174) Total Investment in Hotel Properties $ 1,831,119 $ 1,745,483
Schedule Of Capitalized Expenditures Related To Hotel Development Projects And Renovations	Year Ended December 31, 2015 2014 2013 Property Tax $ - $ 223 223 $ 388 Interest Expense - 458 458 1,320 Utilities - 73 73 3 Total $ - $ 754 754 $ 1,711
Condensed Pro Forma Financial Data	Year Ended December 31, 2015 2014 Pro Forma Total Revenues 493,096 456,189 Pro Forma Income from Continuing Operations 43,180 73,717 Loss from Discontinued Operations - (1,665) Pro Forma Net Income 43,180 72,052 (Loss) Allocated to Noncontrolling Interest (448) (1,144) Preferred Distributions (14,356) (14,356) Pro Forma Net Income Applicable to Common Shareholders $ 28,376 $ 56,552 Pro Forma Income Applicable to Common Shareholders per Common Share Basic $ 0.59 $ 1.14 Diluted $ 0.59 $ 1.12 Weighted Average Common Shares Outstanding Basic 47,786,811 49,777,302 Diluted 48,369,658 50,307,506
Hilton Garden Inn 52nd Street, New York, NY [Member]
Wholly Owned Hotel Properties Acquired	Hotel Initial Purchase Price Interest and Late Fees on Development Loan Non-Cash Fair Market Value Gain on Acquisition Other Fair Market Value At Acquisition Franchise Fees and Loan Costs Asset Value Upon Acquisition Hilton Garden Inn 52nd Street, New York, NY $ 84,000 $ 12,494 $ 13,594 $ 1,074 $ 111,162 $ 1,123 $ 112,285
Aquisitions In 2015 [Member]
Wholly Owned Hotel Properties Acquired	During the year ended December 31, 2015, we acquired the following wholly-owned hotel properties: 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 $ 23,764 $ 33,005 $ 3,240 $ 45 $ 978 $ 61,032 $ 28,902 * TownePlace Suites, Sunnyvale, CA 8/25/2015 - 18,999 2,348 6,453 ** - 27,800 - Ritz-Carlton Georgetown, DC 12/29/2015 17,570 29,160 3,270 - - 50,000 - TOTAL $ 41,334 $ 81,164 $ 8,858 $ 6,498 $ 978 $ 138,832 $ 28,902 *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 and intangible asset related to the franchise agreement of $100 with purchase of the property.
Results Of Operations For Hotels Acquired With 100% Interest	Year Ended December 31, 2015 Hotel Revenue Net Income St. Gregory Hotel, Washington, DC $ 5,257 $ 164 TownePlace Suites, Sunnyvale, CA 1,744 364 Ritz-Carlton Georgetown, DC 149 20 Total $ 7,150 $ 548
Aquisitions In 2014 [Member]
Wholly Owned Hotel Properties Acquired	Hotel Acquisition Date Land Buildings and Improvements Furniture Fixtures and Equipment Ground Lease Intangible Franchise Fees and Loan Costs Total Purchase Price Assumption of Debt Hotel Milo, Santa Barbara, CA 2/28/2014 - 55,080 805 (14,230) 273 41,928 24,924 Parrot Key Resort, Key West, FL 5/7/2014 57,889 33,959 8,152 - - 100,000 - Hilton Garden Inn 52nd Street, New York, NY 5/27/2014 45,480 60,762 4,920 - 1,123 112,285 - Total $ 103,369 $ 149,801 $ 13,877 $ (14,230) $ 1,396 $ 254,213 $ 24,924
Results Of Operations For Hotels Acquired With 100% Interest	Year Ended December 31, 2014 Hotel Revenue Net Income Hotel Milo, Santa Barbara, CA $ 8,655 $ 668 Parrot Key Resort, Key West, FL 9,145 2,978 Hilton Garden Inn 52nd Street, New York, NY 10,439 2,573 Total $ 28,239 $ 6,219

Investment In Unconsolidated 28

Investment In Unconsolidated Joint Ventures (Tables)	12 Months Ended
	Dec. 31, 2015
Investment In Unconsolidated Joint Ventures [Abstract]
Investment In Unconsolidated Joint Ventures	Percent Preferred December 31, December 31, Joint Venture Hotel Properties Owned Return 2015 2014 SB Partners, LLC Holiday Inn Express, South Boston, MA 50.0% N/A $ 795 $ 913 Hiren Boston, LLC Courtyard by Marriott, South Boston, MA 50.0% N/A 4,499 4,680 Mystic Partners, LLC Hilton and Marriott branded hotels in CT 8.8% -66.7% 8.5% non-cumulative 5,022 5,556 $ 10,316 $ 11,150
Income Or Loss From Unconsolidated Joint Ventures	Year Ended Ended December 31, 2015 2014 2013 SB Partners, LLC $ 582 $ 407 $ 264 Hiren Boston, LLC 694 603 113 Mystic Partners, LLC (311) (317) (399) Income (Loss) from Unconsolidated Joint Venture Investments 965 693 (22) Impairment from Unconsolidated Joint Ventures - - (1,813) Income (Loss) from Unconsolidated Joint Venture Investments $ 965 $ 693 $ (1,835)
Summary Financial Information Related To Unconsolidated Joint Ventures	Balance Sheets December 31, December 31, 2015 2014 Assets Investment in Hotel Properties, Net $ 105,354 $ 106,430 Other Assets 15,558 19,032 Total Assets $ 120,912 $ 125,462 Liabilities and Equity Mortgages and Notes Payable $ 113,532 $ 115,446 Other Liabilities 30,575 30,832 Equity: Hersha Hospitality Trust 22,698 23,060 Joint Venture Partner(s) (45,893) (43,876) Total Equity (23,195) (20,816) Total Liabilities and Equity $ 120,912 $ 125,462 Statements of Operations Year Ended December 31, 2015 2014 2013 Room Revenue $ 57,927 $ 59,135 $ 58,273 Other Revenue 22,776 21,725 22,606 Operating Expenses (55,178) (54,831) (55,179) Lease Expense (1,115) (1,063) (996) Property Taxes and Insurance (2,948) (2,934) (3,034) General and Administrative (5,609) (5,783) (5,794) Depreciation and Amortization (6,549) (6,376) (6,697) Interest Expense (6,677) (11,995) (7,526) Debt Extinguishment and Gain on Debt Forgiveness - 3,016 - Gain (Loss) allocated to Noncontrolling Interests (341) 115 (179) Net Income From Continuing Operations $ 2,286 $ 1,009 $ 1,474 (Loss) Income from Discontinued Operations - - (55) Gain on Disposition of Hotel Properties - - 1,161 Net Income $ 2,286 $ 1,009 $ 2,580
Reconciliation Of Share In Unconsolidated Joint Ventures' Equity In Investment In Unconsolidated Joint Ventures	December 31, December 31, 2015 2014 Company's share of equity recorded on the joint ventures' financial statements $ 22,698 $ 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) (12,382) (11,910) Investment in Unconsolidated Joint Ventures $ 10,316 $ 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; 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 And Deposits On 29

Other Assets And Deposits On Hotel Acquisitions (Tables)	12 Months Ended
	Dec. 31, 2015
Other Assets And Deposits On Hotel Acquisitions [Abstract]
Other Assets	December 31, 2015 December 31, 2014 Investment in Statutory Trusts 1,548 1,548 Prepaid Expenses 14,434 7,883 Deferred Tax Asset, Net of Valuation Allowance of $804 14,590 11,448 Other 7,538 7,547 $ 38,110 $ 28,426

Debt (Tables)

Debt (Tables)	12 Months Ended
	Dec. 31, 2015
Debt [Abstract]
Aggregate Annual Principal Payments For Mortgages And Notes Payable	Year Ending December 31, Amount 2016 $ 158,167 2017 203,737 2018 128,871 2019 252,872 2020 2,912 Thereafter 427,025 Net Unamortized Premium 3,503 $ 1,177,087

Commitments And Contingencies31

Commitments And Contingencies And Related Party Transactions (Tables)	12 Months Ended
	Dec. 31, 2015
Commitments And Contingencies And Related Party Transactions [Abstract]
Future Minimum Lease Payments	Year Ending December 31, Amount 2016 $ 2,701 2017 2,706 2018 2,714 2019 2,719 2020 2,744 Thereafter 249,360 $ 262,944

Fair Value Measurements And D32

Fair Value Measurements And Derivative Instruments (Tables)	12 Months Ended
	Dec. 31, 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 December 31, 2015 December 31, 2014 Capitol Hill Hotel, Washington, DC* Swap 0.540% 1-Month LIBOR + 3.25% February 1, 2012 February 1, 2015 $ - $ - $ (8) Hilton Garden Inn 52nd Street, New York, NY Cap 1.100% 1-Month LIBOR + 2.90% May 27, 2014 June 1, 2015 45,000 - - Courtyard, LA Westside, Culver City, LA**** Swap 1.097% 1-Month LIBOR + 3.85% September 29, 2011 September 29, 2015 - - (174) Courtyard, LA Westside, Culver City, LA**** Cap 3.000% 1-Month LIBOR + 3.00% October 27, 2015 September 29, 2017 35,000 19 Hyatt, Union Square, New York, NY Cap 2.000% 1-Month LIBOR + 4.19% April 9, 2013 April 9, 2016 55,000 - 9 Courtyard, Miami, FL*** Swap 0.820% 1-Month LIBOR + 3.50% July 2, 2012 July 1, 2016 - - (218) Unsecured Term Loan Swap 0.545% 1-Month LIBOR + 2.35% November 5, 2012 November 5, 2016 100,000 84 272 Unsecured Term Loan Swap 0.600% 1-Month LIBOR + 2.35% December 18, 2012 November 5, 2016 50,000 18 85 Duane Street Hotel, New York, NY Swap 0.933% 1-Month LIBOR + 4.50% February 1, 2014 February 1, 2017 9,167 (21) (29) Hilton Garden Inn 52nd Street, New York, NY Swap 1.152% 1-Month LIBOR + 2.90% June 1, 2015 February 21, 2017 45,000 (215) (149) Hyatt, Union Square, New York, NY** Cap 3.000% 1-Month LIBOR + 2.30% June 10, 2015 June 10, 2019 55,750 136 - $ 21 $ (212) *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. **** On October 27, 2015, we refinanced the debt associated with Courtyard, LA Westside. As a result, we entered into an interest rate cap with a strike rate of 3.000%. The existing interest rate swap matured on September 29, 2015. See “Note 5 – Debt” for more information regarding this refinance.

Share Based Payments (Tables)

Share Based Payments (Tables)	12 Months Ended
	Dec. 31, 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 December 31, 2015 December 31, 2014 December 31, 2015 December 31, 2014 March 27, 2015 7,438 $ 25.88 2 years 50% /year 3,762 - $ 90 $ - March 24, 2014 7,219 $ 22.76 2 years 50% /year 7,219 3,750 - 81 Total 14,657 10,981 3,750 $ 90 $ 81 *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 December 31, 2015 December 31, 2014 December 31, 2015 December 31, 2014 December 30, 2014 2,500 3 years 33% /year 835 - $ 48 $ 73 December 27, 2013 3,000 3 years 33% /year 2,170 1,334 19 38 December 28, 2012 3,000 3 years 33% /year 3,000 2,168 - 16 6,005 3,502 $ 67 $ 127
LTIP Units [Member]
Summary Of Unvested Share Awards Issued To Executives	Units Vested Unearned Compensation Issuance Date LTIP Units Issued Vesting Period Vesting Schedule December 31, 2015 December 31, 2014 December 31, 2015 December 31, 2014 March 30, 2015 (2014 Annual EIP) 128,832 3 years 25%/year (1) 64,415 - $ 758 $ - December 23, 2014 (2013 Annual EIP) (3) 83,993 3 years 25%/year (1) 83,992 27,998 173 582 December 23, 2014 (2012 Annual EIP) (3) 97,381 3 years 25%/year (1) 194,761 48,690 - 309 December 23, 2014 (3) 258,899 5 years 33% Year 3, 4, 5 (2) 86,299 - 1,553 2,650 569,105 429,467 76,688 $ 2,484 $ 3,541 (1) 25% of the issued shares vested immediately upon issuance. In general, the remaining shares vest 25% on the first through third anniversaries of the date of effective issuance (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 December 31, 2015 December 31, 2014 December 31, 2015 December 31, 2014 December 31, 2015 816 $ 21.76 2 years 50% /year - - $ 13 $ - July 14, 2015 15,817 28.09 2 -4 years 25 -50% /year - - 335 - June 1, 2015 1,651 25.92 2 years 50% /year - - 30 - March 27, 2015 5,208 25.88 2 years 50% /year 600 - 41 - July 15, 2014 10,352 27.00 2 years 50% /year 6,069 1,532 48 177 June 23, 2014 1,103 26.00 2 years 50% /year 550 - 6 20 March 24, 2014 2,046 22.76 2 years 50% /year 2,046 1,023 - 10 February 13, 2014 462 21.76 2 years 50% /year 462 231 - 2 June 28, 2013 11,899 22.56 2 -4 years 25 -50% /year 11,199 5,724 7 69 June 29, 2012 13,646 21.12 2 -4 years 25 -50% /year 12,445 11,242 11 36 June 30, 2011 4,423 22.28 2 -4 years 25 -50% /year 4,423 3,451 - 8 Total 67,423 37,794 23,203 $ 491 $ 322 *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 December 31, 2015 December 31, 2014 December 30, 2014 3,215 $ 29.00 1 year 100% $ - $ 93 *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 (Tables)

Earnings Per Share (Tables)	12 Months Ended
	Dec. 31, 2015
Earnings Per Share [Abstract]
Reconciliation Of Earnings Per Share	Year Ended December 31, 2015 2014 2013 NUMERATOR: Basic and Diluted* Income from Continuing Operations $ 42,207 $ 69,936 $ 20,753 (Income) Loss from Continuing Operations allocated to Noncontrolling Interests (411) (1,069) 658 Distributions to Preferred Shareholders (14,356) (14,356) (14,611) Dividends Paid on Unvested Restricted Shares and LTIP Units (453) (515) (804) Extinguishment of Issuance Costs Upon Redemption of Series A Preferred Stock - - (2,250) Income from Continuing Operations attributable to Common Shareholders 26,987 53,996 3,746 Discontinued Operations (Loss) Income from Discontinued Operations - (1,665) 29,195 Loss (Income) from Discontinued Operations allocated to Noncontrolling Interests - 53 (993) (Loss) Income from Discontinued Operations attributable to Common Shareholders - (1,612) 28,202 Net Income attributable to Common Shareholders $ 26,987 $ 52,384 $ 31,948 DENOMINATOR: Weighted average number of common shares - basic 47,786,811 49,777,302 49,597,613 Effect of dilutive securities: Restricted Stock Awards and LTIP Units (unvested) 303,949 347,829 596,041 * Contingently Issued Shares 278,898 182,375 285,891 * Weighted average number of common shares - diluted 48,369,658 50,307,506 50,479,545 * Income (loss) allocated to noncontrolling interest in Hersha Hospitality Limited Partnership has been excluded from the numerator and units of limited partnership interest in Hersha Hospitality Limited Partnership have been omitted from the denominator for the purpose of computing diluted earnings per share since the effect of 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.

Cash Flow Disclosures And Non35

Cash Flow Disclosures And Non Cash Investing And Financing Activities (Tables)	12 Months Ended
	Dec. 31, 2015
Cash Flow Disclosures And Non Cash Investing And Financing Activities [Abstract]
Non-cash Investing And Financing Activities	2015 2014 2013 Common Shares issued as part of the Dividend Reinvestment Plan $ 50 $ 50 $ 38 Acquisition of hotel properties: Debt assumed, including premium 28,902 24,924 - Settlement of development loan receivable principal and accrued interest revenue receivable - 22,494 13,303 Disposition of hotel properties: Debt assumed by purchaser - 45,710 - Conversion of Common Units to Common Shares 132 72 106 Accrued payables for fixed assets placed into service 992 1,312 2,572

Hotel Dispositions (Tables)

Hotel Dispositions (Tables)	12 Months Ended
	Dec. 31, 2015
Hotel Dispositions [Abstract]
Real Estate Assets Sold	Disposed Assets Hotel Acquisition Date Disposition Date Consideration Gain on Disposition Hotel 373 June 2007 April 2014 $ 37,000 $ 7,195 2014 Total $ 7,195 (1) Non-Core Portfolio II (12) January 1999 - July 2010 December 2013 $ 158,600 $ 31,559 (2) Holiday Inn Express, Camp Springs, MD June 2008 September 2013 8,500 120 (3) Comfort Inn, Harrisburg, PA January 1999 June 2013 3,700 442 2013 Total 32,121 (1) The operations from this property included (loss) income of ( $ 137 ) and $858 for the years ended December 31, 2014, and 2013, respectively. (2) In September 2013, our Board of Trustees authorized management of the Company to sell this portfolio. 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. We recorded an impairment loss of approximately $6,591 for those assets for which the anticipated net proceeds do not exceed the carrying value. On December 20, 2013, the Company closed on the sale of 12 of these non-core hotel properties. As a result of entering into these purchase and sale agreements for the 16 non-core assets mentioned above, the operating results for the consolidated assets were reclassified to discontinued operations in the statement of operations for the years ended December 31, 2014 and 2013. The 12 assets were sold for a total sales price of $158,600 , reduced the Company’s consolidated mortgage debt by $ 33,044 and generated a gain on sale of approximately $31,559 . In February 2014, the remaining 4 assets were sold for a total sales price of $58,400 and reduced the Company’s consolidated mortgage debt by $45,710 . We recorded an impairment loss of approximately $1,800 for those assets for which the anticipated net proceeds did not exceed the carrying value. (3) We recorded an impairment loss for this property of approximately $3,723 as the net proceeds did not exceed the carrying value.
Components Of Discontinued Operations	2014 2013 Revenue: Hotel Operating Revenues $ 1,940 $ 58,045 Total Revenues 1,940 58,045 Expenses: Hotel Operating Expenses 1,151 35,158 Gain on Insurance Settlements 74 - Real Estate and Personal Property Taxes and Property Insurance 91 3,316 General and Administrative 4 36 Depreciation and Amortization 1 7,050 Interest Expense 354 4,863 Other Expense - 44 Income Tax Expense 2 190 Total Expenses 1,677 50,657 Income from Discontinued Operations $ 263 $ 7,388

Income Taxes (Tables)

Income Taxes (Tables)	12 Months Ended
	Dec. 31, 2015
Income Taxes [Abstract]
Effective Income Tax Reconciliation	For the year ended December 31, 2015 2014 2013 Statutory federal income tax provision $ 13,282 $ 22,865 $ 5,152 Adjustment for nontaxable income for Hersha Hospitality Trust (15,853) (25,274) (7,472) State income taxes, net of federal income tax effect (581) (367) (1,317) Recognition of deferred tax assets 11 91 (1,963) Changes in valuation allowance - - - Total income tax benefit $ (3,141) $ (2,685) $ (5,600)
Components Of The Company's Income Tax Expense (Benefit)	For the year ended December 31, 2015 2014 2013 Income tax expense (benefit): Current: Federal $ - $ - $ - State - - - Deferred: Federal $ (2,261) (2,130) (3,604) State (880) (555) (1,996) Total (3,141) $ (2,685) $ (5,600) Income tax expense (benefit): From continuing operations $ (3,141) (2,685) (5,600) From discontinued operations - 2 190 Total (3,141) $ (2,683) $ (5,410)
Components Of Consolidated TRS's Deferred Tax Assets	As of December 31, 2015 2014 Deferred tax assets: Net operating loss carryforwards $ 14,168 $ 11,387 Accrued expenses and other 1,292 616 Tax credit carryforwards 558 481 Total gross deferred tax assets 16,018 12,484 Valuation allowance (804) (804) Total net deferred tax assets $ 15,214 $ 11,680 Deferred tax liabilities: Depreciation and amortization 624 232 Total Net deferred tax assets (liabilities) $ 14,590 $ 11,448
Taxability Of Common And Preferred Share Distributions	2015 2014 2013 Preferred Shares - 8% Series A Ordinary income N/A N/A 100.00% Return of Capital N/A N/A 0.00% Capital Gain Distribution N/A N/A 0.00% Preferred Shares - 8% Series B Ordinary income 100.00% 100.00% 100.00% Return of Capital 0.00% 0.00% 0.00% Capital Gain Distribution 0.00% 0.00% 0.00% Preferred Shares - 6.875% Series C Ordinary income 100.00% 100.00% 100.00% Return of Capital 0.00% 0.00% 0.00% Capital Gain Distribution 0.00% 0.00% 0.00% Common Shares - Class A Ordinary income 79.49% 76.34% 45.15% Return of Capital 20.51% 23.66% 54.85% Capital Gain Distribution 0.00% 0.00% 0.00%

Selected Quarterly Financial 38

Selected Quarterly Financial Data (Tables)	12 Months Ended
	Dec. 31, 2015
Selected Quarterly Financial Data [Abstract]
Selected Quarterly Financial Data (Unaudited)	Year Ended December 31, 2015 First Quarter Second Quarter Third Quarter Fourth Quarter Total Revenues $ 95,760 $ 127,081 $ 124,560 $ 123,177 Total Expenses 99,875 108,090 111,396 113,116 (Loss) Income from Unconsolidated Joint Ventures (274) 526 608 105 (Loss) Income from Continuing Operations (4,389) 19,517 13,772 10,166 Income Tax Benefit - 109 631 2,401 Net (Loss) Income (4,389) 19,626 14,403 12,567 (Loss) Income Allocated to Noncontrolling Interests in Continuing Operations (443) 405 244 205 Preferred Distributions 3,589 3,589 3,589 3,589 Net (Loss) Income applicable to Common Shareholders $ (7,535) $ 15,632 $ 10,570 $ 8,773 Basic and diluted earnings per share: Net (Loss) Income applicable to Common Shareholders $ (0.16) $ 0.32 $ 0.22 $ 0.19 Weighted Average Common Shares Outstanding Basic 49,582,790 48,530,716 47,417,452 45,663,416 Diluted 49,582,790 49,043,914 47,909,549 46,211,104 Year Ended December 31, 2014 First Quarter Second Quarter Third Quarter Fourth Quarter Total Revenues $ 80,348 $ 111,830 $ 113,048 $ 112,985 Total Expenses 85,216 53,662 106,767 106,340 (Loss) Income from Unconsolidated Joint Ventures (420) 419 607 87 (Loss) Income from Continuing Operations (5,288) 58,587 6,888 6,732 Income Tax Benefit 108 (1) 699 1,879 (Loss) Income from Discontinued Operations (including Gain on Disposition of Discontinued Assets)* (1,333) - - - Net (Loss) Income (6,513) 58,586 7,587 8,611 (Loss) Income Allocated to Noncontrolling Interests in Continuing Operations (507) 1,655 (49) (83) Preferred Distributions 3,589 3,589 3,589 3,589 Net (Loss) Income applicable to Common Shareholders $ (9,595) $ 53,342 $ 4,047 $ 5,105 Basic and diluted earnings per share: (Loss) Income from continuing operations applicable to common shareholders $ (0.16) $ 1.08 $ 0.08 $ 0.12 Discontinued Operations (0.04) - - - Net Loss (Income) applicable to Common Shareholders $ (0.20) $ 1.08 $ 0.08 $ 0.12 Weighted Average Common Shares Outstanding Basic 50,185,938 49,623,618 49,649,379 49,657,486 Diluted 50,185,938 50,053,389 50,155,497 50,228,966 *Effective January 1, 2014, we early adopted ASU Update No. 2014-08 concerning the classification and reporting of discontinued operations. As such, this line item for quarterly results presented for 2014 will not be comparable

Organization And Summary Of S39

Organization And Summary Of Significant Accounting Policies (Narrative) (Details) $ / shares in Units, $ in Thousands	1 Months Ended	3 Months Ended		12 Months Ended
	Feb. 25, 2013USD ($)shares	Jun. 30, 2015$ / sharesshares	Jun. 21, 2015$ / sharesshares	Dec. 31, 2015USD ($)segmentproperty$ / sharesshares	Dec. 31, 2014USD ($)$ / sharesshares	Dec. 31, 2013USD ($)$ / sharesshares	Feb. 28, 2015USD ($)	Mar. 28, 2013$ / shares	Dec. 31, 2012shares
Subsidiary of Limited Liability Company or Limited Partnership [Line Items]
Various subsidiary limited partnership interest (in hundredths)				99.00%
General partnership interest (in hundredths)				1.00%
Number of hotel properties (in hotels) | property				49
Our maximum exposure to losses due to our investment in Mystic Partners, LLC				$ 5,022
Number of hotels in each reporting sements | segment				1
Related party dues, settlement, period				1 year
Weighted average ownership percentage in the Partnership (in hundredths)				95.00%	95.80%	96.70%
Noncontrolling interests in Nonredeemable Common Units				$ 31,876	$ 29,082
Aggregate amount authorized to be repurchased					75,000	$ 75,000	$ 100,000
Repurchase of Common Shares (in shares) | shares				5,310,371
Repurchase of Common Shares				$ 128,239	$ 15,419
Proceeds from issuance of preferred stock, net						$ 72,370
Preferred Stock, Redemption Price (in dollars per share) | $ / shares								$ 25.4056
Restricted Shares Forfeiture (in shares) | shares					1,948,324
Reverse share split				0.25
Common Stock, Dividends declared (in dollars per share) | $ / shares		$ 0.28	$ 0.07		$ 0.26	$ 0.24
Distribution of REIT taxable income to shareholders' (in hundredths)				90.00%
Recognize a tax benefit from an uncertain tax position (in hundredths)				50.00%
Noncontrolling Interests Common Units And LTIP Units [Member]
Subsidiary of Limited Liability Company or Limited Partnership [Line Items]
Shares, Outstanding | shares				2,319,301	2,199,434	1,728,679
Fair market value of nonredeemable common units				$ 50,468
Common Shares - Outstanding (in shares) | shares		2,328,276	9,313,063
Preferred Shares [Member]
Subsidiary of Limited Liability Company or Limited Partnership [Line Items]
Shares, Outstanding | shares				7,600,000	7,600,000	7,600,000			7,000,000
Series A Preferred Stock [Member]
Subsidiary of Limited Liability Company or Limited Partnership [Line Items]
Preferred stock, dividend rate, percentage (in hundredths)				8.00%
Preferred Stock, Redemption Price (in dollars per share) | $ / shares								$ 25
Series B Preferred [Member}
Subsidiary of Limited Liability Company or Limited Partnership [Line Items]
Preferred stock, dividend rate, percentage (in hundredths)				8.00%
Series C Preferred [Member]
Subsidiary of Limited Liability Company or Limited Partnership [Line Items]
Preferred stock, dividend rate, percentage (in hundredths)				6.875%
Common shares sold (in shares) | shares	3,000,000
Preferred Shares - Par Value (in dollars per share) | $ / shares				$ 0.01
Proceeds from issuance of preferred stock, net	$ 72,370
Preferred shares, liquidation preference (in dollars per share) | $ / shares				$ 25
Joint Venture [Member]
Subsidiary of Limited Liability Company or Limited Partnership [Line Items]
Number of hotel properties (in hotels) | property				5
Mystic Partners, LLC [Member]
Subsidiary of Limited Liability Company or Limited Partnership [Line Items]
Number of hotel properties (in hotels) | property				3

Organization And Summary Of S40

Organization And Summary Of Significant Accounting Policies (Joint Venture Properties) (Details)	12 Months Ended
	Dec. 31, 2015
Mystic Partners, LLC [Member] | Marriott Mystic, CT [Member] | Mystic Partners Leaseco, LLC [Member]
Subsidiary of Limited Liability Company or Limited Partnership [Line Items]
Ownership percentage (in hundredths)	66.70%
Mystic Partners, LLC [Member] | Hilton, Hartford, CT [Member] | Mystic Partners Leaseco, LLC [Member]
Subsidiary of Limited Liability Company or Limited Partnership [Line Items]
Ownership percentage (in hundredths)	8.80%
Mystic Partners, LLC [Member] | Marriott, Hartford, CT [Member] | Mystic Partners Leaseco, LLC [Member]
Subsidiary of Limited Liability Company or Limited Partnership [Line Items]
Ownership percentage (in hundredths)	15.00%
SB Partners, LLC [Member] | Holiday Inn Express South Boston, MA [Member] | South Bay Sandeep, LLC [Member]
Subsidiary of Limited Liability Company or Limited Partnership [Line Items]
Ownership percentage (in hundredths)	50.00%
Hiren Boston, LLC [Member] | Courtyard South Boston, MA [Member] | South Bay Boston, LLC [Member]
Subsidiary of Limited Liability Company or Limited Partnership [Line Items]
Ownership percentage (in hundredths)	50.00%

Organization And Summary Of S41

Organization And Summary Of Significant Accounting Policies (Schedule Of Major Asset Depreciation) (Details)	12 Months Ended
	Dec. 31, 2015
Minimum [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Useful Life	7 years
Minimum [Member] | Building and Improvements [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Useful Life	7 years
Minimum [Member] | Furniture, Fixtures And Equipment [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Useful Life	2 years
Maximum [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Useful Life	40 years
Maximum [Member] | Building and Improvements [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Useful Life	40 years
Maximum [Member] | Furniture, Fixtures And Equipment [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Useful Life	7 years

Organization And Summary Of S42

Organization And Summary Of Significant Accounting Policies (Schedule Of Preferred Stock) (Details) - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
Class of Stock [Line Items]
Shares Outstanding	7,600,000	7,600,000
Series B Preferred Shares [Member]
Class of Stock [Line Items]
Shares Outstanding	4,600,000	4,600,000
Aggregate Liquidation Preference	$ 115,000
Distribution Rate	8.00%
Dividend Per Share	$ 2	$ 2
Series C Preferred Shares [Member]
Class of Stock [Line Items]
Shares Outstanding	3,000,000	3,000,000
Aggregate Liquidation Preference	$ 75,000
Distribution Rate	6.875%
Dividend Per Share	$ 1.7188	$ 1.7188

Investment In Hotel Propertie43

Investment In Hotel Properties (Narrative) (Details) $ in Thousands	Feb. 04, 2016USD ($)property$ / roomroom	Aug. 23, 2012USD ($)	Jul. 22, 2011USD ($)	Dec. 31, 2015USD ($)property	Dec. 31, 2014USD ($)	Dec. 31, 2013USD ($)	Jun. 23, 2014USD ($)
Business Acquisition [Line Items]
Depreciation expense				$ 73,672	$ 68,418	$ 61,500
Acquisition costs				708	2,178
Assumption of Debt				28,902	24,924
Total Purchase Price				138,832	254,213
Gain on Hotel Acquisitions, Net					(12,667)	(12,096)
Gain Loss On Development Loan Impairment Recovery					22,494
Investment in hotel properties				$ 1,831,119	1,745,483
Insurance Recoveries					4,604	$ 403
Hurricane Sandy [Member]
Business Acquisition [Line Items]
Number of Real Estate Properties | property				2
Parrot Key Resort, Key West, FL [Member]
Business Acquisition [Line Items]
Revenue					9,145
Net Income (Loss)					2,978
Business Combination, Contingent Consideration Arrangements, Range of Outcomes, Value, High					2,000
Business Combination, Contingent Consideration, Liability				$ 2,000	0
Total Purchase Price					$ 100,000
Acquisition Date					May 7, 2014
Hilton Garden Inn 52nd Street, New York, NY [Member]
Business Acquisition [Line Items]
Revenue					$ 10,439
Net Income (Loss)					2,573
Business acquisition, cash paid					27,500
Total Purchase Price		$ 84,000			112,285
Gain on Hotel Acquisitions, Net					13,594
Preopening exepenses					927
Development loan, principal amount					10,000
Business acquisition, cancellation of accrued interest receivable					12,494
Gain Loss On Development Loan Impairment Recovery					22,494
Mortgage loan					$ 45,000
Acquisition Date					May 27, 2014
Sanctuary Beach Resort In Monterey CA [Member]
Business Acquisition [Line Items]
Business acquisition, cash paid				39,500
Assumption of Debt				$ 14,700
Limited Service Hotels In Manhattan [Member] | Subsequent Event [Member]
Business Acquisition [Line Items]
Number of Real Estate Properties | property	7
Number of hotel rooms | room	1,087
Sale Agreement, Total Purchase Price	$ 571,400
Sale Agreement, Total Purchase Price, Per Key | $ / room	526
Preferred Joint Venture Partner, Ownership Percentage	70.00%
Percent owned (in hundredths)	30.00%
Hilton Garden Inn M Street, in Washington, DC [Member] | Subsequent Event [Member]
Business Acquisition [Line Items]
Number of hotel rooms | room	238
Total Purchase Price	$ 106,500
32 Pearl Street, New York, NY [Member]
Business Acquisition [Line Items]
Business acquisition, cash paid			$ 28,300
Acquisition Date			Jul. 22, 2011
Development costs							$ 9,564
Investment in hotel properties							$ 37,864
Holiday Inn Express, New York, NY [Member] | Hurricane Sandy [Member]
Business Acquisition [Line Items]
Number of Real Estate Properties | property				1
Estimated impairment charge				$ 1,586
Corresponding insurance claim				$ 1,486
Hampton Inn, Pearl Street, New York, NY [Member] | Hurricane Sandy [Member]
Business Acquisition [Line Items]
Number of Real Estate Properties | property				1
Estimated impairment charge				$ 1,997
Corresponding insurance claim				1,897
Aquisitions In 2015 [Member]
Business Acquisition [Line Items]
Revenue				7,150
Net Income (Loss)				$ 548
Aquisitions In 2014 [Member]
Business Acquisition [Line Items]
Revenue					$ 28,239
Net Income (Loss)					$ 6,219

Investment In Hotel Propertie44

Investment In Hotel Properties (Investment In Hotel Properties) (Details) - USD ($) $ in Thousands	Dec. 31, 2015	Dec. 31, 2014
Business Acquisition [Line Items]
Total investment in hotel properties, gross	$ 2,226,966	$ 2,067,657
Less accumulated depreciation	(395,847)	(322,174)
Total investment in hotel properties, net	1,831,119	1,745,483
Land [Member]
Business Acquisition [Line Items]
Total investment in hotel properties, gross	480,874	439,540
Building and Improvements [Member]
Business Acquisition [Line Items]
Total investment in hotel properties, gross	1,518,565	1,424,842
Furniture, Fixtures And Equipment [Member]
Business Acquisition [Line Items]
Total investment in hotel properties, gross	$ 227,527	$ 203,275

Investment In Hotel Propertie45

Investment In Hotel Properties (Wholly Owned Hotel Properties Acquired) (Details) - USD ($) $ in Thousands	1 Months Ended	12 Months Ended
	Aug. 23, 2012	Dec. 31, 2015	Dec. 31, 2014
Business Acquisition [Line Items]
Total Purchase Price		$ 138,832	$ 254,213
Assumption of Debt		28,902	24,924
Franchise Fees And Loan Costs [Member]
Business Acquisition [Line Items]
Total Purchase Price			1,396
Land [Member]
Business Acquisition [Line Items]
Total Purchase Price		41,334	103,369
Building and Improvements [Member]
Business Acquisition [Line Items]
Total Purchase Price		81,164	149,801
Furniture, Fixtures And Equipment [Member]
Business Acquisition [Line Items]
Total Purchase Price		8,858	13,877
Other Intangibles [Member]
Business Acquisition [Line Items]
Total Purchase Price		6,498
Loan Costs [Member]
Business Acquisition [Line Items]
Total Purchase Price		$ 978
Ground Lease Intangible [Member]
Business Acquisition [Line Items]
Total Purchase Price			$ (14,230)
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 mortgage and mezzanine debt assumed		3,050
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
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
TownePlace Suites, Sunnyvale, CA [Member]
Business Acquisition [Line Items]
Acquisition Date		Aug. 25, 2015
Total Purchase Price		$ 27,800
TownePlace Suites, Sunnyvale, CA [Member] | Franchise Fees And Loan Costs [Member]
Business Acquisition [Line Items]
Total Purchase Price		100
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
TownePlace Suites, Sunnyvale, CA [Member] | Other Intangibles [Member]
Business Acquisition [Line Items]
Total Purchase Price		6,453
TownePlace Suites, Sunnyvale, CA [Member] | Ground Lease Intangible [Member]
Business Acquisition [Line Items]
Total Purchase Price		$ 6,353
Ritz-Carlton Georgetown, DC [Member]
Business Acquisition [Line Items]
Acquisition Date		Dec. 29, 2015
Total Purchase Price		$ 50,000
Ritz-Carlton Georgetown, DC [Member] | Land [Member]
Business Acquisition [Line Items]
Total Purchase Price		17,570
Ritz-Carlton Georgetown, DC [Member] | Building and Improvements [Member]
Business Acquisition [Line Items]
Total Purchase Price		29,160
Ritz-Carlton Georgetown, DC [Member] | Furniture, Fixtures And Equipment [Member]
Business Acquisition [Line Items]
Total Purchase Price		$ 3,270
Hotel Milo, Santa Barbara, California [Member]
Business Acquisition [Line Items]
Acquisition Date			Feb. 28, 2014
Total Purchase Price			$ 41,928
Assumption of Debt			24,924
Hotel Milo, Santa Barbara, California [Member] | Franchise Fees And Loan Costs [Member]
Business Acquisition [Line Items]
Total Purchase Price			273
Hotel Milo, Santa Barbara, California [Member] | Building and Improvements [Member]
Business Acquisition [Line Items]
Total Purchase Price			55,080
Hotel Milo, Santa Barbara, California [Member] | Furniture, Fixtures And Equipment [Member]
Business Acquisition [Line Items]
Total Purchase Price			805
Hotel Milo, Santa Barbara, California [Member] | Ground Lease Intangible [Member]
Business Acquisition [Line Items]
Total Purchase Price			$ (14,230)
Parrot Key Resort, Key West, FL [Member]
Business Acquisition [Line Items]
Acquisition Date			May 7, 2014
Total Purchase Price			$ 100,000
Parrot Key Resort, Key West, FL [Member] | Land [Member]
Business Acquisition [Line Items]
Total Purchase Price			57,889
Parrot Key Resort, Key West, FL [Member] | Building and Improvements [Member]
Business Acquisition [Line Items]
Total Purchase Price			33,959
Parrot Key Resort, Key West, FL [Member] | Furniture, Fixtures And Equipment [Member]
Business Acquisition [Line Items]
Total Purchase Price			$ 8,152
Hilton Garden Inn 52nd Street, New York, NY [Member]
Business Acquisition [Line Items]
Acquisition Date			May 27, 2014
Total Purchase Price	$ 84,000		$ 112,285
Hilton Garden Inn 52nd Street, New York, NY [Member] | Franchise Fees And Loan Costs [Member]
Business Acquisition [Line Items]
Total Purchase Price			1,123
Hilton Garden Inn 52nd Street, New York, NY [Member] | Land [Member]
Business Acquisition [Line Items]
Total Purchase Price			45,480
Hilton Garden Inn 52nd Street, New York, NY [Member] | Building and Improvements [Member]
Business Acquisition [Line Items]
Total Purchase Price			60,762
Hilton Garden Inn 52nd Street, New York, NY [Member] | Furniture, Fixtures And Equipment [Member]
Business Acquisition [Line Items]
Total Purchase Price			$ 4,920

Investment In Hotel Propertie46

Investment In Hotel Properties (Wholly Owned Hotel Properties Acquired-Hilton Garden Inn 52nd Street) (Details) - USD ($) $ in Thousands	1 Months Ended	12 Months Ended
	Aug. 23, 2012	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Business Acquisition [Line Items]
Total Purchase Price		$ 138,832	$ 254,213
Non-Cash Fair Market Value Gain on Acquisition			(12,667)	$ (12,096)
Franchise Fees And Loan Costs [Member]
Business Acquisition [Line Items]
Total Purchase Price			1,396
Hilton Garden Inn 52nd Street, New York, NY [Member]
Business Acquisition [Line Items]
Total Purchase Price	$ 84,000		112,285
Interest and Late Fees on Development Loan			12,494
Non-Cash Fair Market Value Gain on Acquisition			13,594
Hilton Garden Inn 52nd Street, New York, NY [Member] | Franchise Fees And Loan Costs [Member]
Business Acquisition [Line Items]
Total Purchase Price			1,123
Hilton Garden Inn 52nd Street, New York, NY [Member] | Initial Purchase Price [Member]
Business Acquisition [Line Items]
Total Purchase Price			84,000
Hilton Garden Inn 52nd Street, New York, NY [Member] | Other Components Of Consideration [Member]
Business Acquisition [Line Items]
Total Purchase Price			1,074
Hilton Garden Inn 52nd Street, New York, NY [Member] | Fair Market Value At Acquisition [Member]
Business Acquisition [Line Items]
Total Purchase Price			$ 111,162

Investment In Hotel Propertie47

Investment In Hotel Properties (Results of Operations for Hotels Acquired With 100% Interest) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
St. Gregory Hotel, Washington, DC [Member]
Business Acquisition [Line Items]
Revenue	$ 5,257
Net (Loss) Income	164
TownePlace Suites, Sunnyvale, CA [Member]
Business Acquisition [Line Items]
Revenue	1,744
Net (Loss) Income	364
Ritz-Carlton Georgetown, DC [Member]
Business Acquisition [Line Items]
Revenue	149
Net (Loss) Income	20
Hotel Milo, Santa Barbara, California [Member]
Business Acquisition [Line Items]
Revenue		$ 8,655
Net (Loss) Income		668
Parrot Key Resort, Key West, FL [Member]
Business Acquisition [Line Items]
Revenue		9,145
Net (Loss) Income		2,978
Hilton Garden Inn 52nd Street, New York, NY [Member]
Business Acquisition [Line Items]
Revenue		10,439
Net (Loss) Income		2,573
Aquisitions In 2015 [Member]
Business Acquisition [Line Items]
Revenue	7,150
Net (Loss) Income	$ 548
Aquisitions In 2014 [Member]
Business Acquisition [Line Items]
Revenue		28,239
Net (Loss) Income		$ 6,219

Investment In Hotel Propertie48

Investment In Hotel Properties (Schedule Of Capitalized Expenditures Related To Hotel Development Projects And Renovations) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013
Capitalized Expenditures Related To Development Costs [Line Items]
Development costs	$ 754	$ 1,711
Property Tax [Member]
Capitalized Expenditures Related To Development Costs [Line Items]
Development costs	223	388
Interest Expense [Member]
Capitalized Expenditures Related To Development Costs [Line Items]
Development costs	458	1,320
Utility [Member]
Capitalized Expenditures Related To Development Costs [Line Items]
Development costs	$ 73	$ 3

Investment In Hotel Propertie49

Investment In Hotel Properties (Condensed Pro Forma Financial Data) (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2015	Sep. 30, 2015	Jun. 30, 2015	Mar. 31, 2015	Dec. 31, 2014	Sep. 30, 2014	Jun. 30, 2014	Mar. 31, 2014	Dec. 31, 2015		Dec. 31, 2014		Dec. 31, 2013
Investment In Hotel Properties [Abstract]
Pro Forma Total Revenues									$ 493,096		$ 456,189
Pro Forma Income from Continuing Operations									43,180		73,717
Loss from Discontinued Operations											(1,665)
Pro Forma Net Income									43,180		72,052
(Loss) Allocated to Noncontrolling Interest									(448)		(1,144)
Preferred Distributions	$ (3,589)	$ (3,589)	$ (3,589)	$ (3,589)	$ (3,589)	$ (3,589)	$ (3,589)	$ (3,589)	(14,356)		(14,356)		$ (14,611)
Pro Forma Net Income Applicable to Common Shareholders									$ 28,376		$ 56,552
Pro Forma Income applicable to Common Shareholders: Basic									$ 0.59		$ 1.14
Pro Forma Income applicable to Common Shareholders: Diluted									$ 0.59		$ 1.12
Weighted Average Common Shares Outstanding: Basic	45,663,416	47,417,452	48,530,716	49,582,790	49,657,486	49,649,379	49,623,618	50,185,938	47,786,811		49,777,302		49,597,613
Weighted Average Common Shares Outstanding: Diluted	46,211,104	47,909,549	49,043,914	49,582,790	50,228,966	50,155,497	50,053,389	50,185,938	48,369,658	[1]	50,307,506	[1]	50,479,545	[1]
[1]	Income (loss) allocated to noncontrolling interest in Hersha Hospitality Limited Partnership (the "Operating Partnership" or "HHLP") has been excluded from the numerator and common units of limited partnership interest ("Common Units") in the Operating Partnership have been omitted from the denominator for the purpose of computing diluted earnings per share since the effect of including these shares and units 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 50

Investment In Unconsolidated Joint Ventures (Narrative) (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2015USD ($)	Dec. 31, 2013USD ($)property	Dec. 31, 2014USD ($)	Feb. 01, 2013property
Investments in Unconsolidated Joint Ventures [Line Items]
Investment in hotel properties	$ 1,831,119		$ 1,745,483
Preferred Return Terms	In 2013, we recorded an impairment loss of $1,813 related to the Courtyard, Norwich, CT, one of the properties owned by Mystic Partners, LLC.  Mystic Partners, LLC transferred the title to the property to the lender during the year ended December 31, 2014.  As we did not anticipate recovering our investment balance in this asset, we reduced the portion of our Mystic Partners, LLC investment related to this property to $0 as of December 31, 2013. On February 1, 2013, the Company closed on the sale of its interest in one of the unconsolidated joint venture properties owned in part by Mystic Partners, LLC to its joint venture partner. As our investment in this unconsolidated joint venture equated the net proceeds distributed to us, we did not record a gain or loss in connection with the sale of this hotel.The Mystic Partners, LLC joint venture agreement provides for an 8.5% non-cumulative preferred return based on our contributed equity interest in the venture. Cash distributions will be made from cash available for distribution, first, to us to provide an 8.5% annual non-compounded return on our unreturned capital contributions and then to our joint venture partner to provide an 8.5% annual non-compounded return of their unreturned contributions. Any remaining cash available for distribution will be distributed to us 10.5% with respect to the net cash flow from the Hartford Marriott, 7.0% with respect to the Hartford Hilton and 56.7%, with respect to the remaining property. Mystic Partners, LLC allocates income to us and our joint venture partner consistent with the allocation of cash distributions in accordance with the joint venture agreements.
Marriott, Hartford, CT [Member]
Investments in Unconsolidated Joint Ventures [Line Items]
Joint Venture cash distribution percentage	10.50%
Fees for asset management services as percentage of operating revenues (in hundredths)	0.25%
Hilton, Hartford, CT [Member]
Investments in Unconsolidated Joint Ventures [Line Items]
Joint Venture cash distribution percentage	7.00%
Marriott, Mystic, CT And Courtyard, Norwich, CT [Member]
Investments in Unconsolidated Joint Ventures [Line Items]
Joint Venture cash distribution percentage	56.70%
Mystic Partners, LLC [Member] | Courtyard, Norwich, CT [Member]
Investments in Unconsolidated Joint Ventures [Line Items]
Impairment loss		$ 1,813
Number of Real Estate Properties | property		1
Investment in hotel properties		$ 0
Mystic Partners, LLC [Member] | Hilton and Marriott branded hotels in CT and RI [Member]
Investments in Unconsolidated Joint Ventures [Line Items]
Preferred units, dividend rate, percentage (in hundredths)	8.50%
Non-core Hotel Properties of Unconsolidated Joint Venture [Member]
Investments in Unconsolidated Joint Ventures [Line Items]
Sales closed on hotel properties | property				1

Investment In Unconsolidated 51

Investment In Unconsolidated Joint Ventures (Investment In Unconsolidated Joint Ventures) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
Investments in Unconsolidated Joint Ventures [Line Items]
Investment in unconsolidated joint ventures	$ 10,316	$ 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	$ 795	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	$ 4,499	4,680
Mystic Partners, LLC [Member] | Hilton and Marriott branded hotels in CT and RI [Member]
Investments in Unconsolidated Joint Ventures [Line Items]
Preferred Return	8.50%
Investment in unconsolidated joint ventures	$ 5,022	$ 5,556
Mystic Partners, LLC [Member] | Hilton and Marriott branded hotels in CT and RI [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 and RI [Member] | Maximum [Member]
Investments in Unconsolidated Joint Ventures [Line Items]
Percent Owned	66.70%

Investment In Unconsolidated 52

Investment In Unconsolidated Joint Ventures (Income Or Loss From Unconsolidated Joint Ventures) (Details) - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2015	Sep. 30, 2015	Jun. 30, 2015	Mar. 31, 2015	Dec. 31, 2014	Sep. 30, 2014	Jun. 30, 2014	Mar. 31, 2014	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Investments in Unconsolidated Joint Ventures [Line Items]
Income (Loss) from Unconsolidated Joint Ventures									$ 965	$ 693	$ (22)
Impairment from Unconsolidated Joint Ventures											(1,813)
Income (Loss) from Unconsolidated Joint Venture Investments	$ 105	$ 608	$ 526	$ (274)	$ 87	$ 607	$ 419	$ (420)	965	693	(1,835)
SB Partners, LLC [Member]
Investments in Unconsolidated Joint Ventures [Line Items]
Income (Loss) from Unconsolidated Joint Ventures									582	407	264
Hiren Boston, LLC [Member]
Investments in Unconsolidated Joint Ventures [Line Items]
Income (Loss) from Unconsolidated Joint Ventures									694	603	113
Mystic Partners, LLC [Member]
Investments in Unconsolidated Joint Ventures [Line Items]
Income (Loss) from Unconsolidated Joint Ventures									$ (311)	$ (317)	$ (399)

Investment In Unconsolidated 53

Investment In Unconsolidated Joint Ventures (Summary Financial Information Related To Unconsolidated Joint Ventures) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Assets [Abstract]
Investment in hotel properties, net	$ 105,354	$ 106,430
Other Assets	15,558	19,032
Total Assets	120,912	125,462
Liabilities and Equity [Abstract]
Mortgages and notes payable	113,532	115,446
Other liabilities	30,575	30,832
Equity [Abstract]
Hersha Hospitality Trust	22,698	23,060
Joint Venture Partner(s)	(45,893)	(43,876)
Total Equity	(23,195)	(20,816)
Total Liabilities and Equity	120,912	125,462
Statements of Operations [Abstract]
Room Revenue	57,927	59,135	$ 58,273
Other Revenue	22,776	21,725	22,606
Operating Expenses	(55,178)	(54,831)	(55,179)
Lease Expense	(1,115)	(1,063)	(996)
Property Taxes and Insurance	(2,948)	(2,934)	(3,034)
General and Administrative	(5,609)	(5,783)	(5,794)
Depreciation and Amortization	(6,549)	(6,376)	(6,697)
Interest Expense	(6,677)	(11,995)	(7,526)
Debt Extinguishment and Gain on Debt Forgiveness		3,016
Gain (Loss) allocated to Noncontrolling Interests	(341)	115	(179)
Net Income from Continuing Operations	2,286	1,009	1,474
Income (Loss) from Discontinued Operations			(55)
Gain on Disposition of Hotel Properties			1,161
Net Income	$ 2,286	$ 1,009	$ 2,580

Investment In Unconsolidated 54

Investment In Unconsolidated Joint Ventures (Reconciliation Of Share In Unconsolidated Joint Ventures' Equity In Investment In Unconsolidated Joint Ventures) (Details) - USD ($) $ in Thousands	Dec. 31, 2015	Dec. 31, 2014
Investment In Unconsolidated Joint Ventures [Abstract]
Company's share of equity recorded on the joint ventures' financial statements	$ 22,698	$ 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	(12,382)	(11,910)
Investment in Unconsolidated Joint Ventures	$ 10,316	$ 11,150

Other Assets And Deposits On 55

Other Assets And Deposits On Hotel Acquisitions (Narrative) (Details) - USD ($) $ in Thousands	Dec. 31, 2015	Dec. 31, 2014
Other Assets And Deposits On Hotel Acquisitions [Abstract]
Deferred Tax Assets, Net	$ 14,590	$ 11,448
Interest bearing deposits related to acquisition of other hotel properties	$ 5,000	$ 0

Other Assets And Deposits On 56

Other Assets And Deposits On Hotel Acquisitions (Other Assets) (Details) - USD ($) $ in Thousands	Dec. 31, 2015	Dec. 31, 2014
Other Assets And Deposits On Hotel Acquisitions [Abstract]
Investment in Statutory Trusts	$ 1,548	$ 1,548
Prepaid Expenses	14,434	7,883
Deferred Tax Asset, Net of Valuation Allowance of $804	14,590	11,448
Other	7,538	7,547
Total Other Assets	38,110	28,426
Valuation allowance	$ 804	$ 804

Debt (Mortgages Narrative) (Det

Debt (Mortgages Narrative) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Mortgages and Notes Payable [Abstract]
Long-term debt	$ 1,177,087
Net unamortizaed premiums	3,503
Mortgages [Member]
Mortgages and Notes Payable [Abstract]
Long-term debt	$ 548,539	$ 617,375
Interest rate range, minimum (in hundredths)	2.61%
Interest rate range, maximum (in hundredths)	6.50%
Net unamortizaed premiums	$ 3,503	1,584
Interest expense	$ 26,581	$ 31,046	$ 34,854
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 December 31, 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 loans.
Maturity date range, start	May 1, 2016
Maturity date range, end	Apr. 1, 2023

Debt (Subordinated Notes Payabl

Debt (Subordinated Notes Payable Narrative) (Details) - Junior Subordinated Debt [Member] $ in Thousands	12 Months Ended
	Dec. 31, 2015USD ($)loan	Dec. 31, 2014USD ($)	Dec. 31, 2013USD ($)
Hersha Statutory Trust I and Hersha Statutory Trust II [Member]
Subordinated Notes Payable [Abstract]
Number of debt instruments | loan	2
Subordinated notes payable	$ 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)	3.33%	3.28%	3.32%
Interest expense	$ 1,715	$ 1,690	$ 1,712
Hersha Statutory Trust I [Member]
Subordinated Notes Payable [Abstract]
Subordinated notes payable	$ 25,774
Debt instrument, description of variable rate basis	LIBOR
Debt instrument, basis spread on variable rate (in hundredths)	3.00%
Hersha Statutory Trust II [Member]
Subordinated Notes Payable [Abstract]
Subordinated notes payable	$ 25,774
Debt instrument, description of variable rate basis	LIBOR
Debt instrument, basis spread on variable rate (in hundredths)	3.00%

Debt (Credit Facilities Narrati

Debt (Credit Facilities Narrative) (Details)	12 Months Ended
	Dec. 31, 2015USD ($)	Dec. 31, 2014USD ($)	Dec. 31, 2013USD ($)	Jan. 01, 2016
Revolving Line of Credit [Abstract]
Outstanding borrowings on term loans	$ 550,000,000	$ 250,000,000
Line of Credit	27,000,000
Line of credit facility covenant minimum tangible net worth	$ 900,000,000
Line of credit facility covenant percentage of net cash proceeds of issuance and sales of equity interests (in hundredths)	75.00%
Line of credit, financial covenant terms	The credit agreement providing for the $500,000 unsecured credit facility and $300,000 unsecured term loan include certain financial covenants and requires 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
Line of credit facility covenant maximum annual distributions (in hundredths)	95.00%
Line of credit facility covenant fixed charge coverage ratio	1.45
Line of credit facility covenant maximum leverage ratio (in hundredths)	60.00%
Scenario, Forecast [Member]
Revolving Line of Credit [Abstract]
Line of credit facility covenant fixed charge coverage ratio				1.50
Minimum [Member]
Revolving Line of Credit [Abstract]
Line of credit facility covenant maximum secured debt leverage ratio (in hundredths)	45.00%
Maximum [Member]
Revolving Line of Credit [Abstract]
Line of credit facility covenant maximum secured debt leverage ratio (in hundredths)	50.00%
$300 Million Senior Unsecured Term Loan Agreement [Member]
Revolving Line of Credit [Abstract]
Debt instrument, face amount	$ 300,000,000
Maturity date	Aug. 10, 2020
Outstanding borrowings on term loans	$ 300,000,000
$300 Million Senior Unsecured Term Loan Agreement [Member] | Minimum [Member]
Revolving Line of Credit [Abstract]
Basis spread on variable rate (in hundredths)	1.50%
$300 Million Senior Unsecured Term Loan Agreement [Member] | Maximum [Member]
Revolving Line of Credit [Abstract]
Basis spread on variable rate (in hundredths)	2.25%
$500 Million Senior Unsecured Credit Agreement [Member]
Revolving Line of Credit [Abstract]
Debt instrument, face amount		$ 500,000,000
Revolving line of credit, maximum borrowing capacity		$ 850,000,000
Line of credit, expiration date		Feb. 28, 2018
Renewal period of line of credit		1 year
$400 Million Senior Unsecured Credit Agreement [Member]
Revolving Line of Credit [Abstract]
Revolving line of credit, current borrowing capacity		$ 400,000,000
$400 Million Senior Unsecured Credit Agreement [Member] | Minimum [Member]
Revolving Line of Credit [Abstract]
Basis spread on variable rate (in hundredths)		1.75%
$400 Million Senior Unsecured Credit Agreement [Member] | Maximum [Member]
Revolving Line of Credit [Abstract]
Basis spread on variable rate (in hundredths)		2.65%
Senior Unsecured Borrowing Capacity [Member]
Revolving Line of Credit [Abstract]
Revolving line of credit, current borrowing capacity	$ 800,000,000
$250 Million Senior Unsecured Revolving Line Of Credit [Member]
Revolving Line of Credit [Abstract]
Revolving line of credit, current borrowing capacity		$ 250,000,000
Line of Credit	27,000,000	$ 0
$250 Million Senior Unsecured Revolving Line Of Credit [Member] | Minimum [Member]
Revolving Line of Credit [Abstract]
Basis spread on variable rate (in hundredths)		1.70%
$250 Million Senior Unsecured Revolving Line Of Credit [Member] | Maximum [Member]
Revolving Line of Credit [Abstract]
Basis spread on variable rate (in hundredths)		2.45%
$250 Million Unsecured Term Loan [Member]
Revolving Line of Credit [Abstract]
Debt instrument, face amount		$ 250,000,000
Outstanding borrowings on term loans	250,000,000	$ 250,000,000
Notional amount	$ 150,000,000
Effective fixed interest rate	2.914%
$250 Million Unsecured Term Loan [Member] | Minimum [Member]
Revolving Line of Credit [Abstract]
Basis spread on variable rate (in hundredths)		1.60%
$250 Million Unsecured Term Loan [Member] | Maximum [Member]
Revolving Line of Credit [Abstract]
Basis spread on variable rate (in hundredths)		2.35%
$150 Million Unsecured Term Loan [Member]
Revolving Line of Credit [Abstract]
Revolving line of credit, current borrowing capacity		$ 150,000,000
Revolving Line Of Credit [Member]
Revolving Line of Credit [Abstract]
Revolving line of credit, current borrowing capacity		250,000,000
Interest Expense, on credit facilities	$ 10,147,000	$ 6,218,000	$ 5,413,000
Line of credit, weighted average interest rate (in hundredths)	2.69%	2.82%	3.08%
$500 Million Senior Unsecured Credit Agreement And $300 Million Senior Unsecured Term Loan Agreement [Member]
Revolving Line of Credit [Abstract]
Line of credit, remaining borrowing capacity	$ 218,745,000

Debt (Aggregate Annual Principa

Debt (Aggregate Annual Principal Payments For Mortgages And Notes Payable) (Details) $ in Thousands	Dec. 31, 2015USD ($)
Debt [Abstract]
2,016	$ 158,167
2,017	203,737
2,018	128,871
2,019	252,872
2,020	2,912
Thereafter	427,025
Net Unamortized Premium	3,503
Long-term Debt, Total	$ 1,177,087

Debt (Capitalized Interest, Def

Debt (Capitalized Interest, Deferred Financing Costs and Debt Payoff Narrative) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Debt Instrument [Line Items]
Capitalized interest	$ 0	$ 458	$ 1,320
Deferred costs, net of accumulated amortization	8,971	8,605
Accumulated amortization	8,024	6,938
Amortization of deferred costs	2,650	2,768	2,886
Company funded remaining tranche of the unsecured portion of the credit facility			50,000
Unamortized deferred costs and defeasance premiums expensed	561	670	545
Courtyard by Marriott, Miami, FL [Member]
Debt Instrument [Line Items]
Mortgage loan extinguishment	60,000
Unamortized deferred costs and defeasance premiums expensed	$ 329
Residence Inn, Greenbelt, MD [Member]
Debt Instrument [Line Items]
Mortgage loan extinguishment		$ 10,179
Residence Inn, Tysons Corner, VA [Member]
Debt Instrument [Line Items]
Mortgage loan extinguishment			7,928
Holiday Inn Express, New York, NY [Member]
Debt Instrument [Line Items]
Unamortized deferred costs and defeasance premiums expensed			$ 261

Debt (New Debt_Refinance Narrat

Debt (New Debt/Refinance Narrative) (Details) - USD ($)	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
New Debt/Refinance [Abstract]
Unamortized deferred costs and defeasance premiums expensed	$ 561,000	$ 670,000	$ 545,000
Courtyard by Marriott, Westside, Los Angeles, CA [Member]
New Debt/Refinance [Abstract]
Mortgage loan extinguishment	30,000,000
Mortgage loan	$ 35,000,000		$ 30,000,000
Debt instrument, basis spread on variable rate (in hundredths)	3.00%		3.00%
Debt Instrument, Maturity Date	Sep. 29, 2017		Sep. 29, 2017
Unamortized deferred costs and defeasance premiums expensed	$ 10,000		$ 284,000
Fixed interest rate			4.947%
Advance in principal			$ 5,000,000
Effective interest rate	3.00%		4.10%
Interest variable rate, floor			0.75%
Hyatt Union Square, New York, NY [Member]
New Debt/Refinance [Abstract]
Mortgage loan extinguishment	$ 55,000,000
Mortgage loan	$ 55,750,000
Debt instrument, basis spread on variable rate (in hundredths)	2.30%
Debt Instrument, Maturity Date	Jun. 10, 2019
Unamortized deferred costs and defeasance premiums expensed	$ 212,000
Effective interest rate	3.00%
Courtyard, Brookline, MA [Member]
New Debt/Refinance [Abstract]
Mortgage loan extinguishment	$ 38,913,000
Debt Instrument, Maturity Date	Jul. 1, 2015
Unamortized deferred costs and defeasance premiums expensed	$ 10,000
Capitol Hill Hotel, Washington, DC [Member]
New Debt/Refinance [Abstract]
Mortgage loan extinguishment	27,500,000
Mortgage loan	$ 25,000,000
Debt instrument, basis spread on variable rate (in hundredths)	2.25%
Debt Instrument, Maturity Date	Jan. 30, 2018
Unamortized deferred costs and defeasance premiums expensed	$ 0
Hilton Garden Inn, Tribeca, NY [Member]
New Debt/Refinance [Abstract]
Mortgage loan extinguishment		32,000,000
Mortgage loan		$ 46,500,000
Debt instrument, basis spread on variable rate (in hundredths)		2.30%
Debt Instrument, Maturity Date		Nov. 1, 2019
Citigroup Global Markets Inc. [Member]
New Debt/Refinance [Abstract]
Unamortized deferred costs and defeasance premiums expensed		$ 579,000
Duane Street Hotel, New York, NY [Member]
New Debt/Refinance [Abstract]
Mortgage loan extinguishment		5,175,000
Mortgage loan		$ 9,500,000
Debt instrument, basis spread on variable rate (in hundredths)		4.50%
Debt Instrument, Maturity Date		Feb. 1, 2017
Unamortized deferred costs and defeasance premiums expensed		$ 91,000
Fixed interest rate		5.433%

Commitments And Contingencies63

Commitments And Contingencies And Related Party Transactions (Narrative) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
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	$ 13,675	$ 12,263	$ 11,713
Incentive management fees incurred	$ 0	0	0
Franchise Agreements [Abstract]
Terms of franchise agreements, minimum	10 years
Terms of franchise agreements, maximum	20 years
Franchise fee expense	$ 27,998	26,015	26,247
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	1,484	1,410	1,739
Information technology fees	$ 441	416	510
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	$ 996	742	1,459
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	$ 189	163	222
Charges for capital expenditure purchases	4,542	10,610	19,783
Capital expenditures included in accounts payable	1	2
Due From Related Parties [Abstract]
Due from related parties	6,243	6,580
Due to Related Parties [Abstract]
Due to related parties	8,789	7,203
Hotel Ground Rent [Abstract]
Rent expense related to ground leases	3,137	2,433	$ 985
Parrot Key Resort, Key West, FL [Member]
Hotel Ground Rent [Abstract]
Business Combination, Contingent Consideration Arrangements, Range of Outcomes, Value, High		2,000
Business Combination, Contingent Consideration, Liability	$ 2,000	$ 0

Commitments And Contingencies64

Commitments And Contingencies And Related Party Transactions (Future Minimum Lease Payments) (Details) $ in Thousands	Dec. 31, 2015USD ($)
Commitments And Contingencies And Related Party Transactions [Abstract]
2,016	$ 2,701
2,017	2,706
2,018	2,714
2,019	2,719
2,020	2,744
Thereafter	249,360
Future minimum lease payments	$ 262,944

Fair Value Measurements And D65

Fair Value Measurements And Derivative Instruments (Narrative) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Derivatives, Fair Value [Line Items]
Unrealized gain (loss) recognized in accumulated other comprehensive income	$ 108	$ 18	$ 1,410
Unrealized gain (loss) reclassified from accumulated other comprehensive income to interest expense	1,567
Gain (loss) to be reclassified to interest expense during next 12 months	177
Impairment of Discontinued Assets		1,800	$ 10,314
Carrying (Reported) Amount, Fair Value Disclosure [Member]
Derivatives, Fair Value [Line Items]
Carrying value and estimated fair value of debt	1,177,087	918,923
Estimate of Fair Value, Fair Value Disclosure [Member]
Derivatives, Fair Value [Line Items]
Carrying value and estimated fair value of debt	1,170,901	$ 916,877
Holiday Inn Express Camp Springs, MD [Member]
Derivatives, Fair Value [Line Items]
Impairment of Discontinued Assets	3,723
Non-core Hotel Properties [Member]
Derivatives, Fair Value [Line Items]
Impairment of Discontinued Assets	$ 6,591

Fair Value Measurements And D66

Fair Value Measurements And Derivative Instruments (Fair Value Of Interest Rate Swaps And Caps) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013	May. 27, 2014	Jan. 31, 2014
Derivatives, Fair Value [Line Items]
Estimated Fair Value	$ 21	$ (212)
Settlement of interest rate cap	$ 450	8	$ 565
Interest Rate Cap [Member] | Hilton Garden Inn 52nd Street, New York, NY [Member]
Derivatives, Fair Value [Line Items]
Strike Rate	1.10%
Index: Basis spread on variable rate basis (in hundredths)	2.90%
Effective Date	May 27, 2014
Maturity Date	Jun. 1, 2015
Notional amount	$ 45,000
Interest Rate Cap [Member] | Courtyard, LA Westside, Culver City, LA [Member]
Derivatives, Fair Value [Line Items]
Strike Rate	3.00%
Index: Basis spread on variable rate basis (in hundredths)	3.00%
Effective Date	Oct. 27, 2015
Maturity Date	Sep. 29, 2017
Notional amount	$ 35,000
Estimated Fair Value	$ 19
Interest Rate Cap [Member] | Hyatt Union Square, New York, NY [Member]
Derivatives, Fair Value [Line Items]
Strike Rate	2.00%
Index: Basis spread on variable rate basis (in hundredths)	4.19%
Effective Date	Apr. 9, 2013
Maturity Date	Apr. 9, 2016
Notional amount	$ 55,000
Estimated Fair Value		9
Interest Rate Cap [Member] | Refinanced Hyatt Union Square, New York, NY [Member]
Derivatives, Fair Value [Line Items]
Strike Rate	3.00%
Index: Basis spread on variable rate basis (in hundredths)	2.30%
Effective Date	Jun. 10, 2015
Maturity Date	Jun. 10, 2019
Notional amount	$ 55,750
Estimated Fair Value	$ 136
Interest Rate Cap [Member] | Hotel 373-5th Ave, New York, NY [Member]
Derivatives, Fair Value [Line Items]
Interest rate cap, termination fees		55
Interest Rate Swap [Member] | Unsecured Term Loan [Member]
Derivatives, Fair Value [Line Items]
Strike Rate	0.545%
Index: Basis spread on variable rate basis (in hundredths)	2.35%
Effective Date	Nov. 5, 2012
Maturity Date	Nov. 5, 2016
Notional amount	$ 100,000
Estimated Fair Value	$ 84	272
Interest Rate Swap [Member] | Unsecured Term Loan II [Member]
Derivatives, Fair Value [Line Items]
Strike Rate	0.60%
Index: Basis spread on variable rate basis (in hundredths)	2.35%
Effective Date	Dec. 18, 2012
Maturity Date	Nov. 5, 2016
Notional amount	$ 50,000
Estimated Fair Value	$ 18	85
Interest Rate Swap [Member] | Capitol Hill Hotel, Washington, DC [Member]
Derivatives, Fair Value [Line Items]
Strike Rate	0.54%
Index: Basis spread on variable rate basis (in hundredths)	3.25%
Effective Date	Feb. 1, 2012
Maturity Date	Feb. 1, 2015
Estimated Fair Value		(8)
Interest Rate Swap [Member] | Hilton Garden Inn 52nd Street, New York, NY [Member]
Derivatives, Fair Value [Line Items]
Strike Rate	1.152%			4.052%
Index: Basis spread on variable rate basis (in hundredths)	2.90%
Effective Date	Jun. 1, 2015
Maturity Date	Feb. 21, 2017
Notional amount	$ 45,000
Estimated Fair Value	$ (215)	(149)
Interest Rate Swap [Member] | Courtyard, LA Westside, Culver City, LA [Member]
Derivatives, Fair Value [Line Items]
Strike Rate	1.097%
Index: Basis spread on variable rate basis (in hundredths)	3.85%
Effective Date	Sep. 29, 2011
Maturity Date	Sep. 29, 2015
Estimated Fair Value		(174)
Interest Rate Swap [Member] | Courtyard by Marriott, Miami, FL [Member]
Derivatives, Fair Value [Line Items]
Strike Rate	0.82%
Index: Basis spread on variable rate basis (in hundredths)	3.50%
Effective Date	Jul. 2, 2012
Maturity Date	Jul. 1, 2016
Estimated Fair Value		(218)
Interest rate cap, termination fees	$ 190
Interest Rate Swap [Member] | Duane Street Hotel, New York, NY [Member]
Derivatives, Fair Value [Line Items]
Strike Rate	0.933%				5.433%
Index: Basis spread on variable rate basis (in hundredths)	4.50%
Effective Date	Feb. 1, 2014
Maturity Date	Feb. 1, 2017
Notional amount	$ 9,167
Estimated Fair Value	$ (21)	$ (29)

Share Based Payments (Narrative

Share Based Payments (Narrative) (Details) - USD ($)	1 Months Ended	12 Months Ended
	Jun. 30, 2015	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock based compensation expense		$ 6,523,000	$ 6,028,000	$ 9,746,000
Restricted Shares Forfeiture (in shares)			1,948,324
Annual Long Term Equity Incentive Programs [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock based compensation expense		4,490,000	$ 4,083,000	4,858,000
Unearned Compensation		$ 2,484,000	3,541,000
2015 Multi-Year Long Term Equity Incentive Program (“2015 Multi-Year EIP”) [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 December 31, 2015, no shares or LTIP Units have been issued to the executive officers in settlement of 2015 Multi-Year EIP awards.
2014 Multi-Year Long Term Equity Incentive Program (“2014 Multi-Year EIP”) [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 December 31, 2015 no common shares have been issued to the executive officers in settlement of 2014 Multi-Year EIP awards.
2013 Multi-Year Long Term Equity Incentive Program (“2013 Multi-Year EIP”) [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 Program ("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 December 31, 2015 no common shares have been issued to the executive officers in settlement of 2013 Multi-Year EIP awards.
Multi-Year LTIP [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock based compensation expense		$ 818,000	598,000	3,481,000
Unearned Compensation		1,548,000	1,621,000
Multi-Year LTIP Trustee [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock based compensation expense		59,000	71,000	55,000
Unearned Compensation		$ 67,000	$ 127,000
Shares Vested (in shares)		6,005	3,502
Annual Retainer [Member] | Multi-Year LTIP Trustee [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock based compensation expense		$ 93,000	$ 220,000	160,000
Percentage premium on retainer equity option (in hundredths)		25.00%
LTIP Units [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unearned Compensation		$ 2,484,000	$ 3,541,000
Shares Issued (in shares)		569,105
Shares Vested (in shares)		429,467	76,688
Restricted Common Shares [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock based compensation expense		$ 455,000	$ 399,000	522,000
Restricted Share Awards [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unearned Compensation		$ 491,000	$ 322,000
Shares Issued (in shares)		67,423
Shares Vested (in shares)		37,794	23,203
Board Of Trustees [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock based compensation expense		$ 434,000	$ 457,000	496,000
Shares Issued (in shares)	10,442	7,500
Share Price on date of grant (in dollars per share)	$ 25.92	$ 21.76
Non-employees [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock based compensation expense		$ 174,000	200,000	$ 174,000
Unearned Compensation		$ 90,000	$ 81,000
Shares Issued (in shares)		14,657
Shares Vested (in shares)		10,981,000	3,750,000

Share Based Payments (Summary O

Share Based Payments (Summary Of Unvested Share Awards Issued To Executives) (Details) - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
Unvested Share Awards [Abstract]
Restricted Shares Forfeiture (in shares)		1,948,324
LTIP Unit Issuance (in shares)	128,832
LTIP Units [Member]
Unvested Share Awards [Abstract]
Shares Issued (in shares)	569,105
Shares Vested (in shares)	429,467	76,688
Unearned Compensation	$ 2,484	$ 3,541
LTIP Units [Member] | Issued 12-23-2014 [Member]
Unvested Share Awards [Abstract]
Shares Issued (in shares)	258,899
Vesting Period	5 years
Vesting Schedule (in hundredths)	33.30%
Shares Vested (in shares)	86,299
Unearned Compensation	$ 1,553	$ 2,650
Restricted Share Awards [Member]
Unvested Share Awards [Abstract]
Shares Issued (in shares)	67,423
Shares Vested (in shares)	37,794	23,203
Unearned Compensation	$ 491	$ 322
Restricted Share Awards [Member] | Issued 12-31-2015 [Member]
Unvested Share Awards [Abstract]
Shares Issued (in shares)	816
Share Price on date of grant (in dollars per share)	$ 21.760
Vesting Period	2 years
Vesting Schedule (in hundredths)	50.00%
Unearned Compensation	$ 13
Restricted Share Awards [Member] | 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)	$ 28.090
Unearned Compensation	$ 335
Restricted Share Awards [Member] | 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)	$ 25.920
Vesting Period	2 years
Vesting Schedule (in hundredths)	50.00%
Unearned Compensation	$ 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)	$ 25.880
Vesting Period	2 years
Vesting Schedule (in hundredths)	50.00%
Shares Vested (in shares)	600
Unearned Compensation	$ 41
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	$ 48	$ 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	$ 6	$ 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)	$ 22.760
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)	$ 21.760
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)	$ 22.560
Shares Vested (in shares)	11,199	5,724
Unearned Compensation	$ 7	$ 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)	$ 21.120
Shares Vested (in shares)	12,445	11,242
Unearned Compensation	$ 11	$ 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)	$ 22.280
Shares Vested (in shares)	4,423	3,451
Unearned Compensation		$ 8
2014 Annual EIP [Member] | LTIP Units [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)	64,415
Unearned Compensation	$ 758
2013 Annual EIP [Member] | LTIP Units [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)	83,992	27,998
Unearned Compensation	$ 173	$ 582
2012 Annual EIP [Member] | LTIP Units [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)	194,761	48,690
Unearned Compensation		$ 309
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 (Summary69

Share Based Payments (Summary Of Unvested Share Awards Issued To Trustees) (Details) - USD ($)	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
Annual Retainer [Member] | Issued 12-30-2014 [Member]
Unvested Share Awards [Abstract]
Shares Issued (in shares)	3,215
Share Price on date of grant (in dollars per share)	$ 29
Vesting Period	1 year
Vesting Schedule (in hundredths)	100.00%
Shares Vested (in shares)		93,000
Multi-Year LTIP Trustee [Member]
Unvested Share Awards [Abstract]
Shares Vested (in shares)	6,005	3,502
Unearned Compensation	$ 67,000	$ 127,000
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%
Shares Vested (in shares)	835
Unearned Compensation	$ 48,000	$ 73,000
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)	2,170	1,334
Unearned Compensation	$ 19,000	$ 38,000
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)	3,000	2,168
Unearned Compensation		$ 16,000

Share Based Payments (Summary70

Share Based Payments (Summary Of Unvested Share Awards Issued To Nonemployees) (Details) - Non-employees [Member] - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
Unvested Share Awards [Abstract]
Shares Issued (in shares)	14,657
Shares Vested (in shares)	10,981,000	3,750,000
Unearned Compensation	$ 90	$ 81
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	$ 90
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								12 Months Ended
	Dec. 31, 2015	Sep. 30, 2015	Jun. 30, 2015	Mar. 31, 2015	Dec. 31, 2014	Sep. 30, 2014	Jun. 30, 2014	Mar. 31, 2014	Dec. 31, 2015		Dec. 31, 2014		Dec. 31, 2013
BASIC AND DILUTED [Abstract]
Income from Continuing Operations	$ 10,166	$ 13,772	$ 19,517	$ (4,389)	$ 6,732	$ 6,888	$ 58,587	$ (5,288)	$ 42,207		$ 69,936		$ 20,753
(Income) Loss from Continuing Operations allocated to Noncontrolling Interests									(411)		(1,069)		658
Distributions to Preferred Shareholders	$ (3,589)	$ (3,589)	$ (3,589)	$ (3,589)	$ (3,589)	$ (3,589)	$ (3,589)	(3,589)	(14,356)		(14,356)		(14,611)
Dividends Paid on Unvested Restricted Shares and LTIP Units									(453)		$ (515)		(804)
Extinguishment of Issuance Costs Upon Redemption of Series A Preferred Stock													(2,250)
Income (Loss) from Continuing Operations attributable to Common Shareholders									26,987		$ 53,996		3,746
Discontinued Operations [Abstract]
(Loss) Income from Discontinued Operations								$ (1,333)			(1,665)		29,195
Loss (Income) from Discontinued Operations allocated to Noncontrolling Interests											53		(993)
(Loss) Income from Discontinued Operations attributable to Common Shareholders											(1,612)		28,202
Net Income attributable to Common Shareholders									$ 26,987		$ 52,384		$ 31,948
Denominator [Abstract]
Weighted average number of common shares - basic (in shares)	45,663,416	47,417,452	48,530,716	49,582,790	49,657,486	49,649,379	49,623,618	50,185,938	47,786,811		49,777,302		49,597,613
Effect of dilutive securities [Abstract]
Restricted Stock Awards (in shares)									303,949		347,829		596,041
Contingently Issued Shares (in shares)									278,898		182,375		285,891
Weighted average number of common shares - diluted (in shares)	46,211,104	47,909,549	49,043,914	49,582,790	50,228,966	50,155,497	50,053,389	50,185,938	48,369,658	[1]	50,307,506	[1]	50,479,545	[1]
[1]	Income (loss) allocated to noncontrolling interest in Hersha Hospitality Limited Partnership (the "Operating Partnership" or "HHLP") has been excluded from the numerator and common units of limited partnership interest ("Common Units") in the Operating Partnership have been omitted from the denominator for the purpose of computing diluted earnings per share since the effect of including these shares and units 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.

Cash Flow Disclosures And Non72

Cash Flow Disclosures And Non Cash Investing And Financing Activities (Narrative) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Cash Flow Disclosures And Non Cash Investing And Financing Activities [Abstract]
Interest paid	$ 40,240	$ 40,760	$ 42,984

Cash Flow Disclosures And Non73

Cash Flow Disclosures And Non Cash Investing And Financing Activities (Non-cash Investing And Financing Activities) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Non-cash Investing and Financing Activities [Abstract]
Common Shares issued as part of the Dividend Reinvestment Plan	$ 50	$ 50	$ 38
Debt assumed, including premium	28,902	24,924
Settlement of development loan receivable principal and accrued interest revenue receivable		22,494	13,303
Disposition of hotel properties [Abstract]
Debt assumed by purchaser		45,710
Conversion of Common Units to Common Shares	132	72	106
Accrued payables for fixed assets placed into service	$ 992	$ 1,312	$ 2,572

Hotel Dispositions (Real Estate

Hotel Dispositions (Real Estate Assets Sold) (Details) $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2015USD ($)	Sep. 30, 2015USD ($)	Jun. 30, 2015USD ($)	Mar. 31, 2015USD ($)	Dec. 31, 2014USD ($)property	Sep. 30, 2014USD ($)	Jun. 30, 2014USD ($)	Mar. 31, 2014USD ($)	Dec. 31, 2015USD ($)	Dec. 31, 2014USD ($)property	Dec. 31, 2013USD ($)property
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Gain on Disposition										$ 7,195	$ 32,121
Gain on Disposition										7,195
Net (Loss) Income	$ 12,567	$ 14,403	$ 19,626	$ (4,389)	$ 8,611	$ 7,587	$ 58,586	$ (6,513)	$ 42,207	$ 68,271	49,948
Hotel 373-5th Ave, New York, NY [Member]
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Acquisition Date										Jun. 1, 2007
Disposition Date										Apr. 1, 2014
Consideration										$ 37,000
Gain on Disposition										7,195
Net (Loss) Income										$ (137)	$ 858
Non-Core Portfolio II [Member]
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Disposition Date											Dec. 1, 2013
Consideration											$ 158,600
Gain on Disposition											$ 31,559
Number of Real Estate Properties | property											16
Disposal Group, aggregate purchase price											$ 217,000
Number of hotel properties sold | property					4					4	12
Net proceeds from sale of non-core hotel properties										$ 58,400	$ 158,600
Reduction in mortgage debt resulting from sale of hotel properties sold										45,710	33,044
Gain on sale of hotel properties											31,559
Impairment loss related to purchase and sales agreements										$ 1,800	$ 6,591
Holiday Inn Express Camp Springs, MD [Member]
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Acquisition Date											Jun. 1, 2008
Disposition Date											Sep. 1, 2013
Consideration											$ 8,500
Gain on Disposition											120
Impairment loss related to purchase and sales agreements											$ 3,723
Comfort Inn Harrisburg, PA [Member]
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Acquisition Date											Jan. 1, 1999
Disposition Date											Jun. 1, 2013
Consideration											$ 3,700
Gain on Disposition											$ 442
Minimum [Member] | Non-Core Portfolio II [Member]
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Acquisition Date										Jan. 1, 1999
Maximum [Member] | Non-Core Portfolio II [Member]
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Acquisition Date										Jul. 1, 2010

Hotel Dispositions (Components

Hotel Dispositions (Components Of Discontinued Operations) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013
Revenue
Hotel Operating Revenues	$ 1,940	$ 58,045
Total Revenues	1,940	58,045
Expenses
Hotel Operating Expenses	1,151	35,158
Gain on Insurance Settlements	(74)
Real Estate and Personal Property Taxes and Property Insurance	91	3,316
General and Administrative	4	36
Depreciation and Amortization	1	7,050
Interest Expense	354	4,863
Other Expense		44
Income Tax Expense	2	190
Total Expenses	1,677	50,657
Income from Discontinued Operations	$ 263	$ 7,388

Shareholders' Equity And Nonc76

Shareholders' Equity And Noncontrolling Interests In Partnership (Details) - shares	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Shareholders' Equity And Noncontrolling Interests In Partnership [Abstract]
Total number of Common Units outstanding (in shares)	1,703,386	1,712,353	1,728,679
Common units converted to Class A Common Shares (in shares)	8,965	4,725	6,948
LTIP Unit Issuance (in shares)	128,832

Income Taxes (Narrative) (Detai

Income Taxes (Narrative) (Details) - USD ($) $ in Thousands	3 Months Ended							12 Months Ended
	Dec. 31, 2015	Sep. 30, 2015	Jun. 30, 2015	Dec. 31, 2014	Sep. 30, 2014	Jun. 30, 2014	Mar. 31, 2014	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Segment Reporting Information [Line Items]
Minimum distribution requirement of its real estate investment trust taxable income to its shareholders (in hundredths)								90.00%
Net operating losses (income)								$ 82,393	$ 67,909	$ 44,690
Total income tax expense	$ (2,401)	$ (631)	$ (109)	$ (1,879)	$ (699)	$ 1	$ (108)	(3,141)	(2,685)	$ (5,600)
Valuation allowance	804			$ 804				804	$ 804
Tax Credits								558
Federal [Member]
Segment Reporting Information [Line Items]
Net operating loss carryforwards	35,353							35,353
State [Member]
Segment Reporting Information [Line Items]
Net operating loss carryforwards	$ 40,546							$ 40,546

Income Taxes (Effective Income

Income Taxes (Effective Income Tax Reconciliation) (Details) - USD ($) $ in Thousands	3 Months Ended							12 Months Ended
	Dec. 31, 2015	Sep. 30, 2015	Jun. 30, 2015	Dec. 31, 2014	Sep. 30, 2014	Jun. 30, 2014	Mar. 31, 2014	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Income Taxes [Abstract]
Statutory federal income tax provision								$ 13,282	$ 22,865	$ 5,152
Adjustment for nontaxable income for Hersha Hospitality Trust								(15,853)	(25,274)	(7,472)
State income taxes, net of federal income tax effect								(581)	(367)	(1,317)
Recognition of deferred tax assets								11	91	(1,963)
Total income tax benefit	$ (2,401)	$ (631)	$ (109)	$ (1,879)	$ (699)	$ 1	$ (108)	$ (3,141)	$ (2,685)	$ (5,600)

Income Taxes (Components Of The

Income Taxes (Components Of The Company's Income Tax Expense (Benefit)) (Details) - USD ($) $ in Thousands	3 Months Ended							12 Months Ended
	Dec. 31, 2015	Sep. 30, 2015	Jun. 30, 2015	Dec. 31, 2014	Sep. 30, 2014	Jun. 30, 2014	Mar. 31, 2014	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Income Taxes [Abstract]
Income tax expense (benefit): Federal: Deferred								$ (2,261)	$ (2,130)	$ (3,604)
Income tax expense (benefit): State: Deferred								(880)	(555)	(1,996)
Total income tax benefit	$ (2,401)	$ (631)	$ (109)	$ (1,879)	$ (699)	$ 1	$ (108)	(3,141)	(2,685)	(5,600)
Income tax expense (benefit): From continuing operations								(3,141)	(2,685)	(5,600)
Income tax expense (benefit): From discontinued operations									2	190
Total income tax expense (benefit)								$ (3,141)	$ (2,683)	$ (5,410)

Income Taxes (Components Of Con

Income Taxes (Components Of Consolidated TRS's Deferred Tax Assets) (Details) - USD ($) $ in Thousands	Dec. 31, 2015	Dec. 31, 2014
Income Taxes [Abstract]
Net operating loss carryforward	$ 14,168	$ 11,387
Accrued expenses and other	1,292	616
Tax credit carryforwards	558	481
Total gross deferred tax assets	16,018	12,484
Valuation allowance	(804)	(804)
Total net deferred tax assets	15,214	11,680
Depreciation and amortization	624	232
Total Net deferred tax assets (liabilities)	14,590	11,448
Deferred Tax Assets, Net	$ 14,590	$ 11,448

Income Taxes (Taxability Of Com

Income Taxes (Taxability Of Common And Preferred Share Distributions) (Details)	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Series A Preferred Shares [Member]
Ordinary income (in hundredths)			100.00%
Return of Capital (in hundredths)			0.00%
Capital Gain Distribution (in hundredths)			0.00%
Series B Preferred Shares [Member]
Ordinary income (in hundredths)	100.00%	100.00%	100.00%
Return of Capital (in hundredths)	0.00%	0.00%	0.00%
Capital Gain Distribution (in hundredths)	0.00%	0.00%	0.00%
Series C Preferred Shares [Member]
Ordinary income (in hundredths)	100.00%	100.00%	100.00%
Return of Capital (in hundredths)	0.00%	0.00%	0.00%
Capital Gain Distribution (in hundredths)	0.00%	0.00%	0.00%
Class A Common Shares [Member]
Ordinary income (in hundredths)	79.49%	76.34%	45.15%
Return of Capital (in hundredths)	20.51%	23.66%	54.85%
Capital Gain Distribution (in hundredths)	0.00%	0.00%	0.00%

Selected Quarterly Financial 82

Selected Quarterly Financial Data (Selected Quarterly Financial Data (Unaudited)) (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2015	Sep. 30, 2015	Jun. 30, 2015	Mar. 31, 2015	Dec. 31, 2014	Sep. 30, 2014	Jun. 30, 2014	Mar. 31, 2014	Dec. 31, 2015		Dec. 31, 2014		Dec. 31, 2013
Selected Quarterly Financial Data [Abstract]
Total Revenues	$ 123,177	$ 124,560	$ 127,081	$ 95,760	$ 112,985	$ 113,048	$ 111,830	$ 80,348	$ 470,385		$ 417,406		$ 338,413
Total Expenses	113,116	111,396	108,090	99,875	106,340	106,767	53,662	85,216	387,992		349,497		293,723
(Loss) Income from Unconsolidated Joint Ventures	105	608	526	(274)	87	607	419	(420)	965		693		(1,835)
(Loss) Income from Continuing Operations	10,166	13,772	19,517	(4,389)	6,732	6,888	58,587	(5,288)	42,207		69,936		20,753
Income Tax Benefit	2,401	631	109		1,879	699	(1)	108	3,141		2,685		5,600
Income (Loss) from Discontinued Operations (including Gain on Disposition of Discontinued Assets)*								(1,333)			(1,665)		29,195
Net (Loss) Income	12,567	14,403	19,626	(4,389)	8,611	7,587	58,586	(6,513)	42,207		68,271		49,948
(Loss) Income Allocated to Noncontrolling Interests in Continuing Operations	205	244	405	(443)	(83)	(49)	1,655	(507)	411		$ 1,016		335
Extinguishment of Issuance Costs Upon Redemption of Series A Preferred Shares													2,250
Preferred Distributions	3,589	3,589	3,589	3,589	3,589	3,589	3,589	3,589	14,356		$ 14,356		14,611
Net (Loss) Income applicable to Common Shareholders	$ 8,773	$ 10,570	$ 15,632	$ (7,535)	$ 5,105	$ 4,047	$ 53,342	$ (9,595)	$ 27,440		$ 52,899		$ 32,752
Basic and diluted earnings per share [Abstract]
(Loss) Income from continuing operations applicable to common shareholders ( in dollars per share)					$ 0.12	$ 0.08	$ 1.08	$ (0.16)
Discontinued Operations (in dollars per share)								(0.04)
Net (Loss) Income applicable to Common Shareholders (in dollars per share)	$ 0.19	$ 0.22	$ 0.32	$ (0.16)	$ 0.12	$ 0.08	$ 1.08	$ (0.20)
Weighted Average Common Shares Outstanding [Abstract]
Basic (in shares)	45,663,416	47,417,452	48,530,716	49,582,790	49,657,486	49,649,379	49,623,618	50,185,938	47,786,811		49,777,302		49,597,613
Diluted (in shares)	46,211,104	47,909,549	49,043,914	49,582,790	50,228,966	50,155,497	50,053,389	50,185,938	48,369,658	[1]	50,307,506	[1]	50,479,545	[1]
[1]	Income (loss) allocated to noncontrolling interest in Hersha Hospitality Limited Partnership (the "Operating Partnership" or "HHLP") has been excluded from the numerator and common units of limited partnership interest ("Common Units") in the Operating Partnership have been omitted from the denominator for the purpose of computing diluted earnings per share since the effect of including these shares and units 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.

Schedule III - Real Estate An83

Schedule III - Real Estate And Accumulated Depreciation (Narrative) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Aggregate cost of land, buildings and improvements	$ 1,848,773	$ 1,836,861	$ 1,575,555
Minimum [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Useful life of buildings and improvements	7 years
Maximum [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Useful life of buildings and improvements	40 years

Schedule III - Real Estate An84

Schedule III - Real Estate And Accumulated Depreciation (Real Estate And Accumulated Depreciation) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ (545,036)
Initial Costs [Abstract]
Land	480,874
Buildings & Improvements	1,393,353
Costs Capitalized Subsequent to Acquisition [Abstract]
Buildings & Improvements	125,213
Gross Amounts at which Carried at Close of Period [Abstract]
Land	480,874
Buildings & Improvements	1,518,565
Total Real Estate	1,999,438	$ 1,864,382	$ 1,629,312	$ 1,520,151
Accumulated Depreciation Buildings & Improvements	(237,129)	$ (189,889)	$ (162,189)	$ (150,353)
Net Book Value Land, Buildings & Improvements	1,762,309
Residence Inn, Framingham, MA [Member] | Hotel [Member]
Initial Costs [Abstract]
Land	1,325
Buildings & Improvements	12,737
Costs Capitalized Subsequent to Acquisition [Abstract]
Buildings & Improvements	4,915
Gross Amounts at which Carried at Close of Period [Abstract]
Land	1,325
Buildings & Improvements	17,652
Total Real Estate	18,977
Accumulated Depreciation Buildings & Improvements	(5,774)
Net Book Value Land, Buildings & Improvements	$ 13,203
Date of Acquisition	Mar. 26, 2004
Hampton Inn, New York, NY [Member] | Hotel [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ (22,363)
Initial Costs [Abstract]
Land	5,472
Buildings & Improvements	23,280
Costs Capitalized Subsequent to Acquisition [Abstract]
Buildings & Improvements	1,885
Gross Amounts at which Carried at Close of Period [Abstract]
Land	5,472
Buildings & Improvements	25,165
Total Real Estate	30,637
Accumulated Depreciation Buildings & Improvements	(7,489)
Net Book Value Land, Buildings & Improvements	$ 23,148
Date of Acquisition	Apr. 1, 2005
Residence Inn, Greenbelt, MD [Member] | Hotel [Member]
Initial Costs [Abstract]
Land	$ 2,615
Buildings & Improvements	14,815
Costs Capitalized Subsequent to Acquisition [Abstract]
Buildings & Improvements	2,252
Gross Amounts at which Carried at Close of Period [Abstract]
Land	2,615
Buildings & Improvements	17,067
Total Real Estate	19,682
Accumulated Depreciation Buildings & Improvements	(5,688)
Net Book Value Land, Buildings & Improvements	$ 13,994
Date of Acquisition	Jul. 16, 2004
Courtyard, Brookline, MA [Member] | Hotel [Member]
Initial Costs [Abstract]
Buildings & Improvements	$ 47,414
Costs Capitalized Subsequent to Acquisition [Abstract]
Buildings & Improvements	2,852
Gross Amounts at which Carried at Close of Period [Abstract]
Buildings & Improvements	50,266
Total Real Estate	50,266
Accumulated Depreciation Buildings & Improvements	(13,877)
Net Book Value Land, Buildings & Improvements	$ 36,389
Date of Acquisition	Jun. 16, 2005
Residence Inn, Tyson's Corner, VA [Member] | Hotel [Member]
Initial Costs [Abstract]
Land	$ 4,283
Buildings & Improvements	14,475
Costs Capitalized Subsequent to Acquisition [Abstract]
Buildings & Improvements	1,927
Gross Amounts at which Carried at Close of Period [Abstract]
Land	4,283
Buildings & Improvements	16,402
Total Real Estate	20,685
Accumulated Depreciation Buildings & Improvements	(4,714)
Net Book Value Land, Buildings & Improvements	$ 15,971
Date of Acquisition	Feb. 2, 2006
Hilton Garden Inn, JFK Airport, NY [Member] | Hotel [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ (19,379)
Initial Costs [Abstract]
Buildings & Improvements	25,018
Costs Capitalized Subsequent to Acquisition [Abstract]
Buildings & Improvements	2,775
Gross Amounts at which Carried at Close of Period [Abstract]
Buildings & Improvements	27,793
Total Real Estate	27,793
Accumulated Depreciation Buildings & Improvements	(7,736)
Net Book Value Land, Buildings & Improvements	$ 20,056
Date of Acquisition	Feb. 16, 2006
Hawthorne Suites, Franklin, MA [Member] | Hotel [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ (7,330)
Initial Costs [Abstract]
Land	1,872
Buildings & Improvements	8,968
Costs Capitalized Subsequent to Acquisition [Abstract]
Buildings & Improvements	565
Gross Amounts at which Carried at Close of Period [Abstract]
Land	1,872
Buildings & Improvements	9,533
Total Real Estate	11,405
Accumulated Depreciation Buildings & Improvements	(2,501)
Net Book Value Land, Buildings & Improvements	$ 8,904
Date of Acquisition	Apr. 25, 2006
Holiday Inn Exp, Cambridge, MA [Member] | Hotel [Member]
Initial Costs [Abstract]
Land	$ 1,956
Buildings & Improvements	9,793
Costs Capitalized Subsequent to Acquisition [Abstract]
Buildings & Improvements	2,378
Gross Amounts at which Carried at Close of Period [Abstract]
Land	1,956
Buildings & Improvements	12,171
Total Real Estate	14,127
Accumulated Depreciation Buildings & Improvements	(3,978)
Net Book Value Land, Buildings & Improvements	$ 10,149
Date of Acquisition	May 3, 2006
Residence Inn, Norwood, MA [Member] | Hotel [Member]
Initial Costs [Abstract]
Land	$ 1,970
Buildings & Improvements	11,761
Costs Capitalized Subsequent to Acquisition [Abstract]
Buildings & Improvements	1,505
Gross Amounts at which Carried at Close of Period [Abstract]
Land	1,970
Buildings & Improvements	13,266
Total Real Estate	15,236
Accumulated Depreciation Buildings & Improvements	(3,392)
Net Book Value Land, Buildings & Improvements	$ 11,844
Date of Acquisition	Jul. 27, 2006
Hampton Inn, Chelsea, NY [Member] | Hotel [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ (33,155)
Initial Costs [Abstract]
Land	8,905
Buildings & Improvements	33,500
Costs Capitalized Subsequent to Acquisition [Abstract]
Buildings & Improvements	2,423
Gross Amounts at which Carried at Close of Period [Abstract]
Land	8,905
Buildings & Improvements	35,923
Total Real Estate	44,828
Accumulated Depreciation Buildings & Improvements	(9,286)
Net Book Value Land, Buildings & Improvements	$ 35,542
Date of Acquisition	Sep. 29, 2006
Hyatt House, Gaithersburg, MD [Member] | Hotel [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ (13,720)
Initial Costs [Abstract]
Land	2,912
Buildings & Improvements	16,001
Costs Capitalized Subsequent to Acquisition [Abstract]
Buildings & Improvements	4,022
Gross Amounts at which Carried at Close of Period [Abstract]
Land	2,912
Buildings & Improvements	20,023
Total Real Estate	22,935
Accumulated Depreciation Buildings & Improvements	(5,528)
Net Book Value Land, Buildings & Improvements	$ 17,407
Date of Acquisition	Dec. 28, 2006
Hyatt House, Pleasant Hills, CA [Member] | Hotel [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ (20,160)
Initial Costs [Abstract]
Land	6,216
Buildings & Improvements	17,229
Costs Capitalized Subsequent to Acquisition [Abstract]
Buildings & Improvements	3,017
Gross Amounts at which Carried at Close of Period [Abstract]
Land	6,216
Buildings & Improvements	20,246
Total Real Estate	26,462
Accumulated Depreciation Buildings & Improvements	(5,046)
Net Book Value Land, Buildings & Improvements	$ 21,416
Date of Acquisition	Dec. 28, 2006
Hyatt House, Pleasanton, CA [Member] | Hotel [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ (14,490)
Initial Costs [Abstract]
Land	3,941
Buildings & Improvements	12,560
Costs Capitalized Subsequent to Acquisition [Abstract]
Buildings & Improvements	3,530
Gross Amounts at which Carried at Close of Period [Abstract]
Land	3,941
Buildings & Improvements	16,090
Total Real Estate	20,031
Accumulated Depreciation Buildings & Improvements	(4,609)
Net Book Value Land, Buildings & Improvements	$ 15,422
Date of Acquisition	Dec. 28, 2006
Hyatt House, Scottsdale, AZ [Member] | Hotel [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ (16,778)
Initial Costs [Abstract]
Land	3,060
Buildings & Improvements	19,968
Costs Capitalized Subsequent to Acquisition [Abstract]
Buildings & Improvements	3,489
Gross Amounts at which Carried at Close of Period [Abstract]
Land	3,060
Buildings & Improvements	23,457
Total Real Estate	26,517
Accumulated Depreciation Buildings & Improvements	(6,549)
Net Book Value Land, Buildings & Improvements	$ 19,968
Date of Acquisition	Dec. 28, 2006
Hyatt House, White Plains, NY [Member] | Hotel [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ (33,030)
Initial Costs [Abstract]
Land	8,823
Buildings & Improvements	30,273
Costs Capitalized Subsequent to Acquisition [Abstract]
Buildings & Improvements	2,726
Gross Amounts at which Carried at Close of Period [Abstract]
Land	8,823
Buildings & Improvements	32,999
Total Real Estate	41,822
Accumulated Depreciation Buildings & Improvements	(8,631)
Net Book Value Land, Buildings & Improvements	$ 33,191
Date of Acquisition	Dec. 28, 2006
Holiday Inn Exp & Suites, Chester, NY [Member] | Hotel [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ (6,156)
Initial Costs [Abstract]
Land	1,500
Buildings & Improvements	6,671
Costs Capitalized Subsequent to Acquisition [Abstract]
Buildings & Improvements	301
Gross Amounts at which Carried at Close of Period [Abstract]
Land	1,500
Buildings & Improvements	6,972
Total Real Estate	8,472
Accumulated Depreciation Buildings & Improvements	(1,603)
Net Book Value Land, Buildings & Improvements	$ 6,869
Date of Acquisition	Jan. 25, 2007
Hampton Inn, Seaport, NY [Member] | Hotel [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ (17,462)
Initial Costs [Abstract]
Land	7,816
Buildings & Improvements	19,040
Costs Capitalized Subsequent to Acquisition [Abstract]
Buildings & Improvements	952
Gross Amounts at which Carried at Close of Period [Abstract]
Land	7,816
Buildings & Improvements	19,992
Total Real Estate	27,808
Accumulated Depreciation Buildings & Improvements	(4,634)
Net Book Value Land, Buildings & Improvements	$ 23,174
Date of Acquisition	Feb. 1, 2007
Sheraton Hotel, JFK Airport, NY [Member] | Hotel [Member]
Initial Costs [Abstract]
Buildings & Improvements	$ 27,315
Costs Capitalized Subsequent to Acquisition [Abstract]
Buildings & Improvements	2,144
Gross Amounts at which Carried at Close of Period [Abstract]
Buildings & Improvements	29,459
Total Real Estate	29,459
Accumulated Depreciation Buildings & Improvements	(5,831)
Net Book Value Land, Buildings & Improvements	$ 23,628
Date of Acquisition	Jun. 13, 2008
Hampton Inn, Philadelphia, PA [Member] | Hotel [Member]
Initial Costs [Abstract]
Land	$ 3,490
Buildings & Improvements	24,382
Costs Capitalized Subsequent to Acquisition [Abstract]
Buildings & Improvements	5,931
Gross Amounts at which Carried at Close of Period [Abstract]
Land	3,490
Buildings & Improvements	30,313
Total Real Estate	33,803
Accumulated Depreciation Buildings & Improvements	(11,729)
Net Book Value Land, Buildings & Improvements	$ 22,074
Date of Acquisition	Feb. 15, 2006
Duane Street, Tribeca, NY [Member] | Hotel [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ (9,167)
Initial Costs [Abstract]
Land	8,213
Buildings & Improvements	12,869
Costs Capitalized Subsequent to Acquisition [Abstract]
Buildings & Improvements	1,378
Gross Amounts at which Carried at Close of Period [Abstract]
Land	8,213
Buildings & Improvements	14,247
Total Real Estate	22,460
Accumulated Depreciation Buildings & Improvements	(3,360)
Net Book Value Land, Buildings & Improvements	$ 19,100
Date of Acquisition	Jan. 4, 2008
NU Hotel, Brooklyn, NY [Member] | Hotel [Member]
Initial Costs [Abstract]
Buildings & Improvements	$ 22,042
Costs Capitalized Subsequent to Acquisition [Abstract]
Buildings & Improvements	1,562
Gross Amounts at which Carried at Close of Period [Abstract]
Buildings & Improvements	23,604
Total Real Estate	23,604
Accumulated Depreciation Buildings & Improvements	(4,721)
Net Book Value Land, Buildings & Improvements	$ 18,883
Date of Acquisition	Jan. 14, 2008
Hilton Garden Inn, Tribeca, NY [Member] | Hotel [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ (46,500)
Initial Costs [Abstract]
Land	21,077
Buildings & Improvements	42,955
Costs Capitalized Subsequent to Acquisition [Abstract]
Buildings & Improvements	918
Gross Amounts at which Carried at Close of Period [Abstract]
Land	21,077
Buildings & Improvements	43,873
Total Real Estate	64,950
Accumulated Depreciation Buildings & Improvements	(7,414)
Net Book Value Land, Buildings & Improvements	$ 57,536
Date of Acquisition	May 1, 2009
Hampton Inn, Times Square, NY [Member] | Hotel [Member]
Initial Costs [Abstract]
Land	$ 10,691
Buildings & Improvements	41,637
Costs Capitalized Subsequent to Acquisition [Abstract]
Buildings & Improvements	757
Gross Amounts at which Carried at Close of Period [Abstract]
Land	10,691
Buildings & Improvements	42,394
Total Real Estate	53,085
Accumulated Depreciation Buildings & Improvements	(6,259)
Net Book Value Land, Buildings & Improvements	$ 46,826
Date of Acquisition	Feb. 9, 2010
Holiday Inn Express, Times Square, NY [Member] | Hotel [Member]
Initial Costs [Abstract]
Land	$ 11,075
Buildings & Improvements	43,113
Costs Capitalized Subsequent to Acquisition [Abstract]
Buildings & Improvements	172
Gross Amounts at which Carried at Close of Period [Abstract]
Land	11,075
Buildings & Improvements	43,285
Total Real Estate	54,360
Accumulated Depreciation Buildings & Improvements	(6,383)
Net Book Value Land, Buildings & Improvements	$ 47,977
Date of Acquisition	Feb. 9, 2010
Candlewood Suites, Times Square, NY [Member] | Hotel [Member]
Initial Costs [Abstract]
Land	$ 10,281
Buildings & Improvements	36,687
Costs Capitalized Subsequent to Acquisition [Abstract]
Buildings & Improvements	99
Gross Amounts at which Carried at Close of Period [Abstract]
Land	10,281
Buildings & Improvements	36,786
Total Real Estate	47,067
Accumulated Depreciation Buildings & Improvements	(5,415)
Net Book Value Land, Buildings & Improvements	$ 41,652
Date of Acquisition	Feb. 9, 2010
Hyatt Place, KOP, PA [Member] | Hotel [Member]
Initial Costs [Abstract]
Land	$ 1,133
Buildings & Improvements	7,267
Costs Capitalized Subsequent to Acquisition [Abstract]
Buildings & Improvements	4,021
Gross Amounts at which Carried at Close of Period [Abstract]
Land	1,133
Buildings & Improvements	11,288
Total Real Estate	12,421
Accumulated Depreciation Buildings & Improvements	(5,089)
Net Book Value Land, Buildings & Improvements	$ 7,332
Date of Acquisition	Aug. 17, 2010
Holiday Inn Express, Wall Street, NY [Member] | Hotel [Member]
Initial Costs [Abstract]
Land	$ 12,152
Buildings & Improvements	21,100
Costs Capitalized Subsequent to Acquisition [Abstract]
Buildings & Improvements	414
Gross Amounts at which Carried at Close of Period [Abstract]
Land	12,152
Buildings & Improvements	21,514
Total Real Estate	33,666
Accumulated Depreciation Buildings & Improvements	(3,105)
Net Book Value Land, Buildings & Improvements	$ 30,561
Date of Acquisition	May 9, 2010
Hampton Inn, Washington, DC [Member] | Hotel [Member]
Initial Costs [Abstract]
Land	$ 9,335
Buildings & Improvements	58,048
Costs Capitalized Subsequent to Acquisition [Abstract]
Buildings & Improvements	1,232
Gross Amounts at which Carried at Close of Period [Abstract]
Land	9,335
Buildings & Improvements	59,280
Total Real Estate	68,615
Accumulated Depreciation Buildings & Improvements	(8,276)
Net Book Value Land, Buildings & Improvements	$ 60,339
Date of Acquisition	Sep. 1, 2010
Courtyard Inn, Alexandria, VA [Member] | Hotel [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ (23,028)
Initial Costs [Abstract]
Land	6,376
Buildings & Improvements	26,089
Costs Capitalized Subsequent to Acquisition [Abstract]
Buildings & Improvements	2,594
Gross Amounts at which Carried at Close of Period [Abstract]
Land	6,376
Buildings & Improvements	28,683
Total Real Estate	35,059
Accumulated Depreciation Buildings & Improvements	(7,685)
Net Book Value Land, Buildings & Improvements	$ 27,374
Date of Acquisition	Sep. 29, 2006
Sheraton, Wilmington South, DE [Member] | Hotel [Member]
Initial Costs [Abstract]
Land	$ 1,765
Buildings & Improvements	16,929
Costs Capitalized Subsequent to Acquisition [Abstract]
Buildings & Improvements	1,265
Gross Amounts at which Carried at Close of Period [Abstract]
Land	1,765
Buildings & Improvements	18,194
Total Real Estate	19,959
Accumulated Depreciation Buildings & Improvements	(3,881)
Net Book Value Land, Buildings & Improvements	$ 16,078
Date of Acquisition	Dec. 21, 2010
Holiday Inn, Water Street, NY [Member] | Hotel [Member]
Initial Costs [Abstract]
Land	$ 7,341
Buildings & Improvements	28,591
Costs Capitalized Subsequent to Acquisition [Abstract]
Buildings & Improvements	382
Gross Amounts at which Carried at Close of Period [Abstract]
Land	7,341
Buildings & Improvements	28,973
Total Real Estate	36,314
Accumulated Depreciation Buildings & Improvements	(3,024)
Net Book Value Land, Buildings & Improvements	$ 33,290
Date of Acquisition	Mar. 25, 2011
Capitol Hill Suites, Washington, DC [Member] | Hotel [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ (25,000)
Initial Costs [Abstract]
Land	8,095
Buildings & Improvements	35,141
Costs Capitalized Subsequent to Acquisition [Abstract]
Buildings & Improvements	3,993
Gross Amounts at which Carried at Close of Period [Abstract]
Land	8,095
Buildings & Improvements	39,134
Total Real Estate	47,229
Accumulated Depreciation Buildings & Improvements	(5,763)
Net Book Value Land, Buildings & Improvements	$ 41,466
Date of Acquisition	Apr. 15, 2011
Courtyard, LA Westside, CA [Member] | Hotel [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ (35,000)
Initial Costs [Abstract]
Land	13,489
Buildings & Improvements	27,025
Costs Capitalized Subsequent to Acquisition [Abstract]
Buildings & Improvements	4,755
Gross Amounts at which Carried at Close of Period [Abstract]
Land	13,489
Buildings & Improvements	31,780
Total Real Estate	45,269
Accumulated Depreciation Buildings & Improvements	(4,477)
Net Book Value Land, Buildings & Improvements	$ 40,792
Date of Acquisition	May 19, 2011
Hampton Inn, Pearl Street, New York, NY [Member] | Hotel [Member]
Initial Costs [Abstract]
Land	$ 11,384
Buildings & Improvements	23,432
Costs Capitalized Subsequent to Acquisition [Abstract]
Buildings & Improvements	556
Gross Amounts at which Carried at Close of Period [Abstract]
Land	11,384
Buildings & Improvements	23,988
Total Real Estate	35,372
Accumulated Depreciation Buildings & Improvements	(958)
Net Book Value Land, Buildings & Improvements	$ 34,414
Date of Acquisition	Jul. 22, 2011
Courtyard, Miami, FL [Member] | Hotel [Member]
Initial Costs [Abstract]
Land	$ 35,699
Buildings & Improvements	55,805
Costs Capitalized Subsequent to Acquisition [Abstract]
Buildings & Improvements	21,917
Gross Amounts at which Carried at Close of Period [Abstract]
Land	35,699
Buildings & Improvements	77,722
Total Real Estate	113,421
Accumulated Depreciation Buildings & Improvements	(7,241)
Net Book Value Land, Buildings & Improvements	$ 106,180
Date of Acquisition	Nov. 16, 2011
The Rittenhouse Hotel, Philadelphia, PA [Member] | Hotel [Member]
Initial Costs [Abstract]
Land	$ 7,108
Buildings & Improvements	29,556
Costs Capitalized Subsequent to Acquisition [Abstract]
Buildings & Improvements	14,127
Gross Amounts at which Carried at Close of Period [Abstract]
Land	7,108
Buildings & Improvements	43,683
Total Real Estate	50,791
Accumulated Depreciation Buildings & Improvements	(7,555)
Net Book Value Land, Buildings & Improvements	$ 43,237
Date of Acquisition	Mar. 1, 2012
Bulfinch, Boston, MA [Member] | Hotel [Member]
Initial Costs [Abstract]
Land	$ 1,456
Buildings & Improvements	14,954
Costs Capitalized Subsequent to Acquisition [Abstract]
Buildings & Improvements	1,481
Gross Amounts at which Carried at Close of Period [Abstract]
Land	1,456
Buildings & Improvements	16,435
Total Real Estate	17,891
Accumulated Depreciation Buildings & Improvements	(1,921)
Net Book Value Land, Buildings & Improvements	$ 15,969
Date of Acquisition	May 7, 2012
Holiday Inn Express, Manhattan, NY [Member] | Hotel [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ (51,862)
Initial Costs [Abstract]
Land	30,329
Buildings & Improvements	57,016
Costs Capitalized Subsequent to Acquisition [Abstract]
Buildings & Improvements	801
Gross Amounts at which Carried at Close of Period [Abstract]
Land	30,329
Buildings & Improvements	57,817
Total Real Estate	88,146
Accumulated Depreciation Buildings & Improvements	(5,341)
Net Book Value Land, Buildings & Improvements	$ 82,805
Date of Acquisition	Jun. 18, 2012
Hyatt Union Square, New York, NY [Member] | Hotel [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ (55,750)
Initial Costs [Abstract]
Land	32,940
Buildings & Improvements	79,300
Costs Capitalized Subsequent to Acquisition [Abstract]
Buildings & Improvements	882
Gross Amounts at which Carried at Close of Period [Abstract]
Land	32,940
Buildings & Improvements	80,182
Total Real Estate	113,122
Accumulated Depreciation Buildings & Improvements	(5,599)
Net Book Value Land, Buildings & Improvements	$ 107,523
Date of Acquisition	Apr. 9, 2013
Courtyard By Marriott, San Deigo, CA [Member] | Hotel [Member]
Initial Costs [Abstract]
Land	$ 15,656
Buildings & Improvements	51,674
Costs Capitalized Subsequent to Acquisition [Abstract]
Buildings & Improvements	1,656
Gross Amounts at which Carried at Close of Period [Abstract]
Land	15,656
Buildings & Improvements	53,330
Total Real Estate	68,986
Accumulated Depreciation Buildings & Improvements	(3,504)
Net Book Value Land, Buildings & Improvements	$ 65,482
Date of Acquisition	May 30, 2013
Residence Inn, Coconut Grove, FL [Member] | Hotel [Member]
Initial Costs [Abstract]
Land	$ 4,146
Buildings & Improvements	17,456
Costs Capitalized Subsequent to Acquisition [Abstract]
Buildings & Improvements	7,025
Gross Amounts at which Carried at Close of Period [Abstract]
Land	4,146
Buildings & Improvements	24,481
Total Real Estate	28,627
Accumulated Depreciation Buildings & Improvements	(2,317)
Net Book Value Land, Buildings & Improvements	$ 26,310
Date of Acquisition	Jun. 12, 2013
Hotel Milo, Santa Barbara, California [Member] | Hotel [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ (24,147)
Initial Costs [Abstract]
Buildings & Improvements	55,080
Costs Capitalized Subsequent to Acquisition [Abstract]
Buildings & Improvements	1,696
Gross Amounts at which Carried at Close of Period [Abstract]
Buildings & Improvements	56,776
Total Real Estate	56,776
Accumulated Depreciation Buildings & Improvements	(2,696)
Net Book Value Land, Buildings & Improvements	$ 54,080
Date of Acquisition	Feb. 28, 2014
Hilton Garden Inn, Midtown East, NY [Member] | Hotel [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ (45,000)
Initial Costs [Abstract]
Land	45,480
Buildings & Improvements	60,762
Costs Capitalized Subsequent to Acquisition [Abstract]
Buildings & Improvements	137
Gross Amounts at which Carried at Close of Period [Abstract]
Land	45,480
Buildings & Improvements	60,899
Total Real Estate	106,379
Accumulated Depreciation Buildings & Improvements	(2,440)
Net Book Value Land, Buildings & Improvements	$ 103,939
Date of Acquisition	May 27, 2014
Parrot Key Resort, Key West, FL [Member] | Hotel [Member]
Initial Costs [Abstract]
Land	$ 57,889
Buildings & Improvements	33,959
Costs Capitalized Subsequent to Acquisition [Abstract]
Buildings & Improvements	523
Gross Amounts at which Carried at Close of Period [Abstract]
Land	57,889
Buildings & Improvements	34,482
Total Real Estate	92,371
Accumulated Depreciation Buildings & Improvements	(1,443)
Net Book Value Land, Buildings & Improvements	$ 90,928
Date of Acquisition	May 7, 2014
Winter Haven, Miami Beach, FL [Member] | Hotel [Member]
Initial Costs [Abstract]
Land	$ 5,400
Buildings & Improvements	18,147
Costs Capitalized Subsequent to Acquisition [Abstract]
Buildings & Improvements	523
Gross Amounts at which Carried at Close of Period [Abstract]
Land	5,400
Buildings & Improvements	18,670
Total Real Estate	24,070
Accumulated Depreciation Buildings & Improvements	(974)
Net Book Value Land, Buildings & Improvements	$ 23,096
Date of Acquisition	Dec. 20, 2013
Blue Moon, Miami Beach, FL [Member] | Hotel [Member]
Initial Costs [Abstract]
Land	$ 4,874
Buildings & Improvements	20,354
Costs Capitalized Subsequent to Acquisition [Abstract]
Buildings & Improvements	705
Gross Amounts at which Carried at Close of Period [Abstract]
Land	4,874
Buildings & Improvements	21,059
Total Real Estate	25,933
Accumulated Depreciation Buildings & Improvements	(1,072)
Net Book Value Land, Buildings & Improvements	$ 24,861
Date of Acquisition	Dec. 20, 2013
St. Gregory Hotel, Washington D.C. [Member] | Hotel [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ (25,559)
Initial Costs [Abstract]
Land	23,764
Buildings & Improvements	33,005
Costs Capitalized Subsequent to Acquisition [Abstract]
Buildings & Improvements	52
Gross Amounts at which Carried at Close of Period [Abstract]
Land	23,764
Buildings & Improvements	33,057
Total Real Estate	56,821
Accumulated Depreciation Buildings & Improvements	(448)
Net Book Value Land, Buildings & Improvements	$ 56,374
Date of Acquisition	Jun. 16, 2015
TownePlace Suites, Sunnyvale, CA [Member] | Hotel [Member]
Initial Costs [Abstract]
Buildings & Improvements	$ 18,999
Costs Capitalized Subsequent to Acquisition [Abstract]
Buildings & Improvements	1
Gross Amounts at which Carried at Close of Period [Abstract]
Buildings & Improvements	19,000
Total Real Estate	19,000
Accumulated Depreciation Buildings & Improvements	(167)
Net Book Value Land, Buildings & Improvements	$ 18,832
Date of Acquisition	Aug. 25, 2015
Ritz Carlton Georgetown, Washington D.C. [Member] | Hotel [Member]
Initial Costs [Abstract]
Land	$ 17,570
Buildings & Improvements	29,160
Gross Amounts at which Carried at Close of Period [Abstract]
Land	17,570
Buildings & Improvements	29,160
Total Real Estate	46,730
Accumulated Depreciation Buildings & Improvements	(6)
Net Book Value Land, Buildings & Improvements	$ 46,724
Date of Acquisition	Dec. 29, 2015

Schedule III - Real Estate An85

Schedule III - Real Estate And Accumulated Depreciation (Reconciliation Of Real Estate and Accumulated Depreciation) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Reconciliation of Real Estate [Roll Forward]
Balance at beginning of year	$ 1,864,382	$ 1,629,312	$ 1,520,151
Additions during the year	135,056	333,889	275,032
Dispositions / Deconsolidation of consolidated joint venture during the year		(98,819)	(156,504)
Changes/Impairments in Assets Held for Sale			(9,367)
Investment in Real Estate				$ 1,999,438	$ 1,864,382	$ 1,629,312
Total Real Estate	1,864,382	1,629,312	1,520,151	$ 1,999,438	$ 1,864,382	$ 1,629,312
Reconciliation of Accumulated Depreciation [Roll Forward]
Balance at beginning of year	189,889	162,189	150,353
Depreciation for year	47,240	43,218	39,771
Changes/Impairments in Assets Held for Sale			51
Accumulated depreciation on assets sold		(15,518)	(27,986)
Balance at end of year	$ 237,129	$ 189,889	$ 162,189