Hersha Hospitality Trust (HT) 10-Q 2 May 16 2016 Q1 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	3 Months Ended
	Mar. 31, 2016	Apr. 28, 2016
Entity Registrant Name	HERSHA HOSPITALITY TRUST
Entity Central Index Key	1,063,344
Current Fiscal Year End Date	--12-31
Entity Filer Category	Large Accelerated Filer
Document Fiscal Year Focus	2,016
Document Fiscal Period Focus	Q1
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Mar. 31, 2016
Class A Common Shares [Member]
Entity Common Stock, Shares Outstanding		44,034,660
Class B Common Shares [Member]
Entity Common Stock, Shares Outstanding		0

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Thousands	Mar. 31, 2016	Dec. 31, 2015
Assets:
Investment in Hotel Properties, Net of Accumulated Depreciation, Including Consolidation of Variable Interest Entity Assets of $82,412 and $82,787	$ 1,702,891	$ 1,831,119
Investment in Unconsolidated Joint Ventures	9,853	10,316
Cash and Cash Equivalents	23,677	27,955
Escrow Deposits	20,798	19,204
Hotel Accounts Receivable, Net of Allowance for Doubtful Accounts of $2 and $12	10,263	9,465
Due from Related Parties	6,286	6,243
Intangible Assets, Net of Accumulated Amortization of $4,065 and $3,951	14,150	13,389
Deposits on Hotel Acquisitions		5,000
Other Assets	36,129	39,958
Hotel Assets Held for Sale	264,784
Total Assets	2,088,831	1,962,649
Liabilities and Equity:
Line of Credit	178,550	27,000
Unsecured Term Loan, Net of Unamortized Deferred Financing Costs (Note 5)	547,829	547,780
Unsecured Notes Payable, Net of Unamortized Deferred Financing Costs (Note 5)	50,538	50,525
Mortgages Payable, including Net Unamortized Premium and Unamortized Deferred Financing Costs, and Consolidation of Variable Interest Entity Debt of $52,095 and $52,509 (Note 5)	495,604	544,659
Accounts Payable, Accrued Expenses and Other Liabilities	56,720	59,226
Dividends and Distributions Payable	16,900	16,515
Due to Related Parties	3,844	8,789
Liabilities Related To Hotel Assets Held for Sale	55,203
Total Liabilities	1,405,188	1,254,494
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 March 31, 2016 and December 31, 2015, with Liquidation Preferences of $25 Per Share (Note 1)	76	76
Accumulated Other Comprehensive Loss	(703)	(466)
Additional Paid-in Capital	1,083,158	1,086,259
Distributions in Excess of Net Income	(432,017)	(408,274)
Total Shareholders' Equity	650,957	678,039
Noncontrolling Interests (Note 1):
Noncontrolling Interests - Common Units and LTIP Units	34,608	31,876
Noncontrolling Interest - Consolidated Variable Interest Entity	(1,922)	(1,760)
Total Noncontrolling Interests	32,686	30,116
Total Equity	683,643	708,155
Total Liabilities and Equity	2,088,831	1,962,649
Class A Common Shares [Member]
Shareholders' Equity:
Common Shares	$ 443	$ 444
Class B Common Shares [Member]
Shareholders' Equity:
Common Shares

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Mar. 31, 2016	Dec. 31, 2015
Assets:
Consolidation of variable interest entity assets	$ 82,412	$ 82,787
Hotel Accounts Receivable, Allowance for Doubtful Accounts	2	12
Intangible Assets, Accumulated Amortization	4,065	3,951
Liabilities and Equity:
Consolidation of variable interest entity debt	$ 52,095	$ 52,509
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)	44,363,524	44,457,368
Common Shares - Outstanding (in shares)	44,363,524	44,457,368
Class B Common Shares [Member]
Shareholders' Equity:
Common Shares - Par Value (in dollars per share)	$ 0.01	$ 0.01
Common Shares - Authorized (in shares)	1,000,000	1,000,000
Common Shares - Issued (in shares)	0	0
Common Shares - Outstanding (in shares)	0	0

Consolidated Statements Of Oper

Consolidated Statements Of Operations - USD ($) $ in Thousands		3 Months Ended
		Mar. 31, 2016	Mar. 31, 2015
Revenue:
Hotel Operating Revenues		$ 106,847	$ 95,688
Other Revenues		23	24
Total Revenues		106,870	95,712
Operating Expenses:
Hotel Operating Expenses		65,718	57,355
Hotel Ground Rent		893	728
Real Estate and Personal Property Taxes and Property Insurance		9,156	8,270
General and Administrative (including Share Based Payments of $2,406 and $1,539 for the three months ended March 31, 2016 and 2015, respectively)		5,400	4,347
Acquisition and Terminated Transaction Costs		1,508	118
Depreciation and Amortization		20,060	18,253
Total Operating Expenses		102,735	89,071
Operating Income		4,135	6,641
Interest Income		46	48
Interest Expense		(12,221)	(10,635)
Other Expense		123	169
Loss on Debt Extinguishment		(42)
Loss Before Loss from Unconsolidated Joint Venture Investments and Income Taxes		(8,205)	(4,115)
Loss from Unconsolidated Joint Ventures		(214)	(274)
Loss from Unconsolidated Joint Venture Investments		(214)	(274)
Loss from Continuing Operations		(8,419)	(4,389)
Net Loss		(8,419)	(4,389)
Loss Allocated to Noncontrolling Interests		687	443
Preferred Distributions		(3,589)	(3,589)
Net Loss Applicable to Common Shareholders		$ (11,321)	$ (7,535)
BASIC
Net Loss Applicable to Common Shareholders		$ (0.26)	$ (0.15)
DILUTED
Net Loss Applicable to Common Shareholders		$ (0.26)	$ (0.15)
Weighted Average Common Shares Outstanding:
Basic		44,379,327	49,582,790
Diluted	[1]	44,379,327	49,582,790
[1]	Income (loss) allocated to noncontrolling interest in HHLP has been excluded from the numerator and Common Units and Vested LTIP Units have been omitted from the denominator for the purpose of computing diluted earnings per share since including these amounts in the numerator and denominator would have no impact. In addition, potentially dilutive common shares, if any, have been excluded from the denominator if they are anti-dilutive to income (loss) from continuing operations applicable to common shareholders.

Consolidated Statements Of Ope5

Consolidated Statements Of Operations (Parenthetical) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Potentially dilutive securities that have been excluded from earnings per share:
Share Based Payments	$ 2,406	$ 1,539
Potentially Dilutive Securities Excluded from the Denominator	2,516,122	2,319,421
Common Units and Vested LTIP Units [Member]
Potentially dilutive securities that have been excluded from earnings per share:
Potentially Dilutive Securities Excluded from the Denominator	2,056,512	1,836,565
Unvested Stock Awards And LTIP Units Outstanding [Member]
Potentially dilutive securities that have been excluded from earnings per share:
Potentially Dilutive Securities Excluded from the Denominator	51,878	202,129
Contingently Issuable Share Awards [Member]
Potentially dilutive securities that have been excluded from earnings per share:
Potentially Dilutive Securities Excluded from the Denominator	407,732	280,727

Consolidated Statements Of Comp

Consolidated Statements Of Comprehensive Loss - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Consolidated Statements Of Comprehensive Loss [Abstract]
Net Loss	$ (8,419)	$ (4,389)
Other Comprehensive Loss
Change in Fair Value of Derivative Instruments	(416)	(217)
Less: Reclassification Adjustment for Change in Fair Value of Derivative Instruments Included in Net Income	179	(339)
Other Comprehensive Income (Loss), Net of Tax, Total	(237)	(556)
Comprehensive Loss	(8,656)	(4,945)
Less: Comprehensive Income Attributable to Noncontrolling Interests	687	443
Less: Preferred Distributions	(3,589)	(3,589)
Comprehensive Loss Attributable to Common Shareholders	$ (11,558)	$ (8,091)

Consolidated Statements Of Equi

Consolidated Statements Of Equity - USD ($) $ in Thousands	Common Shares [Member]Class A Common Shares [Member]	Common Shares [Member]Class B Common Shares [Member]	Common Shares [Member]	Preferred Shares [Member]	Additional Paid-In Capital [Member]	Accumulated Other Comprehensive Loss [Member]	Distributions in Excess of Net Earnings [Member]	Total Shareholders' Equity [Member]	Noncontrolling Interests Common Units And LTIP Units [Member]	Noncontrolling Interests Consolidated Variable Interest Entity [Member]	Total Noncontrolling Interests [Member]	Total
Balance at Dec. 31, 2014	$ 1,989			$ 76	$ 1,193,056	$ (358)	$ (365,381)	$ 829,382	$ 29,082	$ (1,075)	$ 28,007	$ 857,389
Balance (in shares) at Dec. 31, 2014			49,708,771	7,600,000					2,199,434
Unit Conversion/Redemption
Restricted Shares Forfeiture/LTIP Unit Issuance
Repurchase of Common Shares	(20)				(10,267)		(2,340)	(12,627)				(12,627)
Dividends and Distributions declared:
Common Shares							(13,784)	(13,784)				(13,784)
Preferred Shares							(3,589)	(3,589)				(3,589)
Common Units									$ (480)		$ (480)	$ (480)
LTIP Units									(172,000)		(172,000)	(172,000)
Dividend Reinvestment Plan					15			15				$ 15
Dividend Reinvestment Plan (in shares)			593
Stock Based Compensation
Grants
Grants (in shares)			12,031
Amortization					294			294	$ 2,314		$ 2,314	2,608
Change in Fair Value of Derivative Instruments						(556)		(556)				(556)
Net (Loss) Income							(3,946)	(3,946)	(279)	(164)	(443)	(4,389)
Balance at Mar. 31, 2015	1,969			$ 76	1,183,098	(914)	(389,040)	795,189	$ 30,465	(1,239)	29,226	824,415
Balance (in shares) at Mar. 31, 2015			49,226,954	7,600,000					2,199,434
Repurchase of Common Shares (in shares)			(494,441)
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
Unit Conversion/Redemption
Repurchase of Common Shares	(1)				(2,313)			(2,314)				(2,314)
Dividends and Distributions declared:
Common Shares							(12,422)	(12,422)				(12,422)
Preferred Shares							(3,589)	(3,589)				(3,589)
Common Units									$ (477)		$ (477)	$ (477)
LTIP Units									628,000		628,000	628,000
Dividend Reinvestment Plan					15			15				$ 15
Dividend Reinvestment Plan (in shares)			863
Stock Based Compensation
Grants					(1,060)			(1,060)	$ 1,060		$ 1,060
Grants (in shares)			21,550						294,245
Amortization					257			257	$ 3,302		3,302	3,559
Change in Fair Value of Derivative Instruments						(237)		(237)				(237)
Net (Loss) Income							(7,732)	(7,732)	(525)	(162)	(687)	(8,419)
Balance at Mar. 31, 2016	$ 443			$ 76	$ 1,083,158	$ (703)	$ (432,017)	$ 650,957	$ 34,608	$ (1,922)	$ 32,686	$ 683,643
Balance (in shares) at Mar. 31, 2016			44,363,524	7,600,000					2,613,546
Repurchase of Common Shares (in shares)			(116,257)

Consolidated Statements Of Equ8

Consolidated Statements Of Equity (Parenthetical)	3 Months Ended
	Mar. 31, 2015$ / shares
Dividends and Distributions declared:
Common Stock, Dividends declared (in dollars per share)	$ 0.26
Common Units, Distributions declared (in dollars per share)	0.26
Incentive Distribution, Distribution Per Unit	$ 0.07

Consolidated Statements Of Cash

Consolidated Statements Of Cash Flows - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Operating Activities:
Net Loss	$ (8,419)	$ (4,389)
Adjustments to Reconcile Net Income to Net Cash Provided by Operating Activities:
Depreciation	19,981	18,147
Amortization	315	494
Unamortized Deferred Fees Expensed in Debt Extinguishment	42
Equity in (Income) Loss of Unconsolidated Joint Ventures	214	274
Distributions from Unconsolidated Joint Ventures		5
Loss Recognized on Change in Fair Value of Derivative Instrument	37	54
Stock Based Compensation Expense	2,406	1,539
(Increase) Decrease in:
Hotel Accounts Receivable	(698)	(766)
Escrows	(1,046)	(2,701)
Other Assets	2,895	(1,221)
Due from Related Parties	(43)	165
(Decrease) Increase in:
Due to Related Parties	(4,945)	2,672
Accounts Payable, Accrued Expenses and Other Liabilities	(1,640)	149
Net Cash Provided by Operating Activities	9,099	14,422
Investing Activities:
Purchase of Hotel Property Assets	(126,284)
Deposits on Hotel Acquisitions		(500)
Capital Expenditures	(11,090)	(5,383)
Cash Paid for Hotel Development Projects		(992)
Net Changes in Capital Expenditure Escrows	(188)	1,730
Distributions from Unconsolidated Joint Ventures	250	130
Net Cash Used in Investing Activities	(137,312)	(5,015)
Financing Activities:
Proceeds from Borrowings Under Line of Credit, Net	151,550	34,500
Principal Repayment of Mortgages and Notes Payable	(8,470)	(28,319)
Proceeds from Mortgages and Notes Payable		25,000
Cash Paid for Deferred Financing Costs	(117)	(95)
Loss on Debt Extinguishment	42
Repurchase of Common Shares	(2,314)	(12,627)
Dividends Paid on Common Shares	(12,476)	(13,903)
Dividends Paid on Preferred Shares	(3,589)	(3,589)
Distributions Paid on Common Units and LTIP Units	(649)	(621)
Net Cash Provided by Financing Activities	123,935	346
Net (Decrease) Increase in Cash and Cash Equivalents	(4,278)	9,753
Cash and Cash Equivalents - Beginning of Period	27,955	21,675
Cash and Cash Equivalents - End of Period	$ 23,677	$ 31,428

Basis Of Presentation

Basis Of Presentation	3 Months Ended
	Mar. 31, 2016
Basis Of Presentation [Abstract]
Basis Of Presentation	NOTE 1 – BASIS OF PRESENTATION  The accompanying unaudited consolidated financial statements of Hersha Hospitality Trust (“we,” “us,” “our” or the “Company”) have been prepared in accordance with U.S. generally accepted accounting principles (“US GAAP”) for interim financial information and with the general instructions to Form 10-Q and Rule 10-01 of Regulation S-X. Accordingly, they do not include all of the information and notes required by US GAAP for complete financial statements. In the opinion of management, all adjustments (consisting of normal recurring accruals), considered necessary for a fair presentation have been included. Operating results for the three months ended March 31, 2016 are not necessarily indicative of the results that may be expected for the year ending December 31, 201 6 or any future period. Accordingly, readers of these consolidated interim financial statements should refer to the Company’s audited financial statements prepared in accordance with US GAAP, and the related notes thereto, for the year ended December 31, 201 5 , which are included in the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 201 5 , as certain footnote disclosures normally included in financial statements prepared in accordance with US GAAP have been condensed or omitted from this report pursuant to the rules of the Securities and Exchange Commission.  We are a self-administered Maryland real estate investment trust that was organized in May 1998 and completed our initial public offering in January 1999. Our common shares are traded on the New York Stock Exchange (the “NYSE”) under the symbol “HT.” We own our hotels and our investments in joint ventures through our operating partnership, Hersha Hospitality Limited Partnership (“HHLP”), for which we serve as the sole general partner. As of March 31, 2016, we owned an approximate 94.4% partnership interest in HHLP, including a 1.0% general partnership interest.  Noncontrolling Interest  We classify the noncontrolling interests of our consolidated variable interest entity, common units of limited partnership interest in HHLP (“Common Units”), and LTIP Units as equity. LTIP Units are a special class of limited partnership interest in the Operating Partnership that are convertible into Common Units under certain circumstances. The noncontrolling interest of Common Units totaled $34,608 as of March 31, 2016 and $31,876 as of December 31, 2015. As of March 31, 2016, there were 2,613,546 Common Units outstanding with a fair market value of $55,773 , based on the price per share of our common shares on the NYSE on such date. In accordance with the partnership agreement of HHLP, holders of these units may redeem them for cash unless we, in our sole and absolute discretion, elect to issue common shares on a one-for-one basis in lieu of paying cash. Net income or loss attributed to Common Units, as well as the net income or loss related to the noncontrolling interests of our consolidated variable interest entity, is included in net income or loss but excluded from net income or loss applicable to common shareholders in the consolidated statements of operations.  Variable Interest Entities  On Januar y 1, 2016, we adopted ASU No. 2015-02, Consolidation – Amendments to the Consolidation Analysis. We evaluated the application of ASU No. 2015-02 and concluded that no change was required to our accounting of our interests in less than wholly owned joint ventures. However, HHLP, our operating partnership, now meets the criteria as a variable interest entity. The Company’s most significant asset is its investment in HHLP, and consequently, substantially all of the Company’s assets and liabilities represent those assets and liabilities of HHLP.  NOTE 1 – BASIS OF PRESENTATION (CONTINUED)  Shareholders’ Equity  Terms of the Series B and Series C Preferred Shares outstanding at March 31, 2016 and December 31, 2015 are summarized as follows:     Dividend Per Share  Shares Outstanding Three Months Ended March 31,  Series March 31, 2016 December 31, 2015 Aggregate Liquidation Preference Distribution Rate 2016 2015   Series B 4,600,000 4,600,000 $ 115,000 8.000% $ 0.5000 $ 0.5000  Series C 3,000,000 3,000,000 75,000 6.875% 0.4297 0.4297  Total 7,600,000 7,600,000  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 shares was reduced from 191,079,951 to 47,769,961 shares and the number of outstanding Common Units and LTIP Units was reduced from 9,313,063 to 2,328,276 units. In addition, the second quarter 2015 dividend was adjusted to $0.28 per common share from the previously announced $0.07 per common share. All common share, Common Unit and LTIP Units and per share data related to these classes of equity have been updated in this Quarterly Report on Form 10-Q to reflect this share split for all periods presented.  In October 2015, our Board of Trustees authorized a new share repurchase program for up to $100,000 of common shares which commenced upon the completion of the previous 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 three months ended March 31, 2016, the Company repurchased 116,257 common shares for an aggregate purchase price of $2,314 . Upon repurchase by the Company, these common shares ceased to be outstanding and became authorized but unissued common shares.  New Accounting Pronouncements  We adopted ASU No. 2015-03, Simplifying the Presentation of Debt Issuance Costs, on January 1, 2016. This standard requires debt issuance costs to be presented on the balance sheet as a direct deduction from the associated debt liability. Previously, debt issuance costs were recorded as an asset. The issuance costs will continue to be amortized over the life of the debt instrument and recorded in interest expense, as they were prior to the new standard. As part of this adoption, debt issuance costs are now included as an offset to the mortgages, unsecured term loan and unsecured notes payable line items on the consolidated balance sheets for all periods presented. For full reclassification amounts, see “Note 5 – Debt”.  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. We do not believe it will have a material impact on the Company’s financial statements.  Reclassification  Certain amounts in the prior year financial statements have been reclassified to conform to the current year presentation. 

Investment In Hotel Properties

Investment In Hotel Properties	3 Months Ended
	Mar. 31, 2016
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 March 31, 2016 and December 31, 201 5 :      March 31, 2016 December 31, 2015   Land $ 465,102 $ 480,874  Buildings and Improvements 1,371,230 1,518,565  Furniture, Fixtures and Equipment 214,744 227,527  2,051,076 2,226,966   Less Accumulated Depreciation (348,185) (395,847)   Total Investment in Hotel Properties $ 1,702,891 $ 1,831,119  Acquisitions  We have acquired the following properties during the three months ended March 31, 2016 :      Hotel Acquisition Date Land Buildings and Improvements Furniture Fixtures and Equipment Other Intangibles Loan Costs Total Purchase Price Assumption of Debt  Sanctuary Beach Resort, Marina, CA 1/28/2016 $ 20,014 $ 17,093 $ 2,369 $ - $ 198 $ 39,674 $ 14,750 *  Hilton Garden Inn M Street, Washington, DC 3/9/2016 30,131 65,971 9,621 874 ** - 106,597 -  TOTAL $ 50,145 $ 83,064 $ 11,990 $ 874 $ 198 $ 146,271 $ 14,750  *Assumption of debt includes a $50 premium resulting from the determination that the stated rate of interest is above market rates on the date of acquisition  **Includes a n intangible asset for a lease-in-place of $648 , advance bookings of $76 a nd franchise fees of $150 .  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 three months ended March 31, 2016 , we paid $1,410 in acquisition costs related to the above acquired assets.  Included in the consolidated statement of operations for the three months ended March 31, 2016 are total revenu es of $2,132 , and total net income of $754 for the hotels we acquired during the three months ended March 31, 2016 and consolidated since the date of acquisition of the hotels.       Three Months Ended March 31,  2016  Hotel Revenue Net Income  Sanctuary Beach Resort, Marina, CA $ 902 $ 263  Hilton Garden Inn M Street, Washington, DC 1,230 491  Total $ 2,132 $ 754      NOTE 2 – INVESTMENT IN HOTEL PROPERTIES (CONTINUED) Purchase and Sale Agreement On February 4, 2016, we announced the signing of asset purchase and contribution agreements (the “Contribution Agreements”) with Cindat Manhattan Hotel Portfolio (US) LLC (“Cindat”) to form a joint venture that initially invests in seven of our limited service hotels in Manhattan (The “JV Properties”) totaling 1,087 rooms. The joint venture’s purchase price for the JV Properties is $543,500 , or $500 per key. This transaction closed on April 29, 2016. The proposed joint venture is structured with Cindat as a senior common equity member holding a 70.0% ownership interest, while we retain a 30% common equity interest . Under the terms of the Contribution Agreements, we contributed the JV Properties and Cindat will contribute cash equal to 70% of the remaining purchase price. In addition, we had a $37,000 preferred equity interest in the joint ventures that provides for a 9% non-cumulative return. Upon closing, we received a distribution from the joint venture in the amount of Cindat’s contributed cash and our 30% interest in the net proceeds from joint venture borrowings. We have classified the assets and mortgage indebtedness related to these seven hotels as held for sale as of March 31, 2016.     March 31, 2016   Land $ 65,916  Buildings and Improvements 236,830  Furniture, Fixtures and Equipment 29,596  332,342   Less: Accumulated Depreciation & Amortization (67,558)   Assets Held for Sale $ 264,784   Liabilities Related to Assets Held for Sale $ 55,203  We did no t have any assets or liabilities related to assets held for sale as of December 31, 2015 NOTE 2 – INVESTMENT IN HOTEL PROPERTIES (CONTINUED) Pro Forma Results (Unaudited) The following condensed pro forma financial data for the three months ended March 31, 2016 and 2015 are presented as if the hotels acquired by the Company in 2016 and 2015 had been acquired as of January 1, 2015 and 2014, respectively. The condensed pro forma financial data are not necessarily indicative of what actual results of operations of the Company would have been for the periods presented assuming the acquisitions had been consummated on January 1, 2015 and 2014, nor do they purport to represent the results of operations for future periods.     Three Months Ended March 31,  2016 2015  Pro Forma Total Revenues $ 110,325 $ 100,833   Pro Forma Net Loss (6,192) (3,948)  Loss Allocated to Noncontrolling Interest 588 427  Preferred Distributions (3,589) (3,589)  Pro Forma Loss Applicable to Common Shareholders $ (9,193) $ (7,110)   Pro Forma Loss Applicable to Common Shareholders per Common Share  Basic $ (0.21) $ (0.14)  Diluted $ (0.21) $ (0.14)   Weighted Average Common Shares Outstanding  Basic 44,379,327 49,582,790  Diluted 44,379,327 49,582,790  

Investment In Unconsolidated Jo

Investment In Unconsolidated Joint Ventures	3 Months Ended
	Mar. 31, 2016
Investment In Unconsolidated Joint Ventures [Abstract]
Investment In Unconsolidated Joint Ventures	NOTE 3 – INVESTMENT IN UNCONSOLIDATED JOINT VENTURES  As of March 31, 2016 and December 31, 201 5, our investment in unconsolidated joint ventures consisted of the following:       Percent Preferred March 31, December 31,  Joint Venture Hotel Properties Owned Return 2016 2015   SB Partners, LLC Holiday Inn Express, South Boston, MA 50.0% N/A $ 656 $ 795  Hiren Boston, LLC Courtyard by Marriott, South Boston, MA 50.0% N/A 4,256 4,499  Mystic Partners, LLC Hilton and Marriott branded hotels in CT 8.8% -66.7% 8.5% non-cumulative 4,941 5,022  $ 9,853 $ 10,316  Income or loss from our unconsolidated joint ventures is allocated to us and our joint venture partners consistent with the allocation of cash distributions in accordance with the joint venture agreements. Any difference between the carrying amount of these investments and the underlying equity in net assets is amortized over the expected useful lives of the properties and other intangible assets.  Income recognized during the three months ended March 31, 2016 and 201 5 , for our investments in unconsolidated joint ventures is as follows:     Three Months Ended March 31,  2016 2015  SB Partners, LLC $ (39) $ (90)  Hiren Boston, LLC (93) (109)  Mystic Partners, LLC (82) (75)  Loss from Unconsolidated Joint Venture Investments $ (214) $ (274)  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 March 31, 2016 and December 31 , 2015 and for the three months ended March 31, 2016 and 201 5 .       Balance Sheets  March 31, December 31,  2016 2015  Assets  Investment in Hotel Properties, Net $ 105,229 $ 105,354  Other Assets 14,723 15,558  Total Assets $ 119,952 $ 120,912   Liabilities and Equity  Mortgages and Notes Payable $ 112,612 $ 113,532  Other Liabilities 32,413 30,575  Equity:  Hersha Hospitality Trust 22,354 22,698  Joint Venture Partner(s) (47,427) (45,893)  Total Equity (25,073) (23,195)   Total Liabilities and Equity $ 119,952 $ 120,912       Statements of Operations   Three Months Ended March 31,  2016 2015  Room Revenue $ 12,380 $ 12,682  Other Revenue 4,702 5,069  Operating Expenses (12,884) (13,193)  Lease Expense (305) (276)  Property Taxes and Insurance (761) (755)  General and Administrative (1,232) (1,406)  Depreciation and Amortization (1,673) (1,566)  Interest Expense (1,606) (1,622)  Gain/(Loss) allocated to Noncontrolling Interests 33 (24)  Net Loss $ (1,346) $ (1,091)  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 March 31, 2016 and December 31, 201 5 .       March 31, December 31,  2016 2015  Company's share of equity recorded on the joint ventures' financial statements $ 22,354 $ 22,698  Adjustment to reconcile the Company's share of equity recorded on the joint ventures' financial statements to our investment in unconsolidated joint ventures (1) (12,501) (12,382)  Investment in Unconsolidated Joint Ventures $ 9,853 $ 10,316  (1) Adjustment to reconcile the Company's share of equity recorded on the joint ventures' financial statements to our investment in unconsolidated joint ventures consists of the following:  · cumulative impairment of the Company’s investment in joint ventures not reflected on the joint ventures' financial statements; · the Company’s basis in the investment in joint ventures not recorded on the joint ventures' financial statements; and · accumulated amortization of the Company’s equity in joint ventures that reflects the Company’s portion of the excess of the fair value of joint ventures' assets on the date of our investment over the carrying value of the assets recorded on the joint ventures financial statements (this excess investment is amortized over the life of the properties, and the amortization is included in Income (Loss) from Unconsolidated Joint Venture Investments on the Company’s consolidated statement of operations).

Other Assets

Other Assets	3 Months Ended
	Mar. 31, 2016
Other Assets [Abstract]
Other Assets	NOTE 4 – OTHER ASSETS  Other Assets  Other Assets co nsisted of the following at March 31, 2016 and December 31, 201 5 :     March 31, 2016 December 31, 2015   Investment in Statutory Trusts 1,548 1,548  Prepaid Expenses 10,188 14,434  Deferred Tax Asset, Net of Valuation Allowance of $804 14,590 14,590  Other 9,803 9,386  $ 36,129 $ 39,958  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 March 31, 2016 . 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 of 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. We completed the acquisition of this property on January 28, 2016 (See “Note 2 – Investment in Hotel Properties” for more information). As of March 31, 2016, we had no deposits on hotel acquisitions.

Debt

Debt	3 Months Ended
	Mar. 31, 2016
Debt [Abstract]
Debt	NOTE 5 – DEBT  Mortgages  Mortgages payable at March 31, 2016 and December 31, 2015 consisted of the following:     March 31, 2016 December 31, 2015  Mortgage Indebtedness $ 496,063 $ 545,036  Net Unamortized Premium 3,208 3,503  Net Unamortized Deferred Financing Costs (3,667) (3,880)  $ 495,604 $ 544,659   Liabilities Related to Hotel Assets Held for Sale $ 55,203 $ -  Net Unamortized Deferred Financing Costs associated with entering into mortgage indebtedness are deferred and amortized over the life of the mortgages. Net Unamortized Premiums are al so amortized over the remaining life of the loans.  Mortgage indebtedness balances are subject to fixed and variable interest rates, which ranged from 2.69% to 6.50% as of March 31, 2016 . Aggregate interest expense incurred under the mortgage loans payable totaled $6,271 and $7,140 during the three months ended March 31, 2016 and 201 5 , respectively.  Our mortgage indebtedness contains various financial and non-financial covenants customarily found in secured, non-recourse financing arrangements. Our mortgage loans payable typically require that specified debt service coverage ratios be maintained with respect to the financed properties before we can exercise certain rights under the loan agreements relating to such properties. If the specified criteria are not satisfied, the lender may be able to escrow cash flow generated by the property securing the applicable mortgage loan. We have determined that certain debt service coverage ratio covenants contained in the loan agreements securing t wo of our hotel properties were not met as of March 31, 2016. Pursuant to these loan agreements, the lender has elected to escrow the operating cash flow for a number of these properties. However, these covenants do not constitute an event of default for these loan agreements.  As of March 31, 2016 , the maturity dates for the outstanding mortgage loans ranged from May 2016 to February 2024.  Subordinated Notes Payable  We have two junior subordinated notes payable in the aggregate amount of $51,548 to the Hersha Statutory Trusts pursuant to indenture agreements which will mature on July 30, 2035 , but may be redeemed at our option, in whole or in part, prior to maturity in accordance with the provisions of the indenture agreements. The $25,774 of notes issued to each of Hersha Statutory Trust I and Hersha Statutory Trust II bear interest at a variable rate of LIBOR plus 3% per annum. This rate resets two business days prior to each quarterly payment. The face value of the notes payable is offset by $1,010 and $1,023 as of March 31, 2016 and December 31, 2015, respectively, in net deferred financing costs incurred as a result of entering into these notes. The deferred financing costs are amortized over the life of the notes payable. The weighted average interest rate on our two junior subordinated notes payable was 3.56% and 3.25% during the three months ended March 31, 2016 and 201 5 , respectively. Interest expense in the amount of $ 459 and $419 was recorded for the three months ended March 31, 2016 and 201 5 , respectively.  Credit Facilities  We maintain 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 (“Credit Facility”) consisting of a $250,000 senior unsecured revolving line of credit (“Line of Credit”), and a $250,000 senior unsecured term loan (“First Term Loan”). The 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. NOTE 5 – DEBT (CONTINUED)  On August 10, 2015, we enter ed into an additional $300,000 senior unsecured term loan agreement (“Second Term Loan”) with Citigroup Global Markets Inc. and various other lenders. The Second Term Loan expires on August 10, 2020 .  The amount that we can borrow at any given time under our Credit Facility and Second Term Loan is governed by certain operating metrics of designated unencumbered hotel properties known as b orrowing base assets. As of March 31, 2016 , 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 - Hawthorne Suites, Franklin, MA  - Ritz Carlton, Washington, DC - Hilton Garden Inn, M Street, Washington, DC  The interest rate for borrowings under the Line of Credit and term loans are based on a pricing grid with a range of one month U.S. LIBOR plus a spread. The following table summarizes the balances outstanding and interest rate spread for each borrowing:     Outstanding Balance  Borrowing Spread March 31, 2016 December 31, 2015  Line of Credit 1.70% to 2.45% $ 178,550 $ 27,000  First Term Loan 1.60% to 2.35% 250,000 250,000  Second Term Loan 1.50% to 2.25% 300,000 300,000  We maintain an interest rate swap , with a $150,000 notional amount, which effectively fix the interest rate on th e First Term Loan at a blended rate of 2.914% . See “Note 7 – Fair Value Measurements and Derivative Instruments” for more information.  The balance of the First Term Loan and Second Term Loan is offset by $2,171 and $2, 220 in net deferred financing costs as of March 31, 2016 and December 31, 2015, respectively. These costs were incurred as a result of originating the term loan borrowings and are amortized over the life of these loans.  The Credit Facility and the Second Term Loan agreements include certain financial covenants and require that we maintain: (1) a minimum tangible net worth (calculated as total assets, plus accumulated depreciation, less total liabilities, intangibles and other defined adjustments) 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 1.50 to 1.00; · a maximum leverage ratio of not more than 60%; and · a maximum secured debt leverage ratio of 45% .  The Company is in compliance with each of the covenants listed above as of March 31, 2016. As of March 31, 2016 , our remaining borrowing capacity under the Credit Facility and the Second Term Loan was $68,160 based on the borrowing base assets at March 31, 2016 .   NOTE 5 – DEBT (CONTINUED)  The Company recorded interest expense of $4,480 and $1,742 related to borrowings drawn on the Credit Facility and the Second Term Loan for the three months ended March 31, 2016 and 201 5 , respectively. The weighted average interest rate on the Credit Facility and the Second Term Loan was 2.80% and 2.78% for the three months ended March 31, 2016 and 201 5 , respectively .  Capitalized Interest  We utilize cash, mortgage debt and our Line of Credit to finance on-going capital improvement projects at our hotels. Interest incurred on mortgages and the Line of Credit that relates to our capital improvement projects is capitalized through the date when the assets are placed in service. For the three months ended March 31, 2016 and 201 5 , we did not have any on-going capital projects which would require us to capitalize interest.  Deferred Financing Costs  As noted above, costs associated with entering into mortgages , notes payable and our credit facilities are deferred and amortized over the life of the debt instruments. The deferred costs related to mortgages and term loans and unsecured notes payable are presented as reductions in the respective debt balances. Amortization of deferred costs for the three months ended March 31, 2016 and 2015 was $ 660 and $719 , respectively.  New Debt/Refinance  On February 29, 2016 , we repaid in full outstanding mortgage debt with an original principal balance of $8,500 secured by t he Hawthorn Suites, Franklin, MA. The loan was due to mature o n May 1, 2016 , and we incurred approximately $ 42 i n expense in unamortized deferred financing costs and fees. 

Commitments And Contingencies A

Commitments And Contingencies And Related Party Transactions	3 Months Ended
	Mar. 31, 2016
Commitments And Contingencies And Related Party Transactions [Abstract]
Commitments And Contingencies And Related Party Transactions	NOTE 6 – COMMITMENTS AND CONTINGENCIES AND RELATED PARTY TRANSACTIONS  Management Agreements  Our wholly-owned taxable REIT subsidiary ("TRS"), 44 New England, and certain of our joint venture entities engage eligible independent contractors in accordance with the requirements for qua lification as a REIT under the I nternal R evenue C ode of 1986, as amended, including HHMLP, as the property managers for hotels it leases from us pursuant to management agreements. HHMLP is owned, in part, by certain executives and trustees of the Company. Our management agreements with HHMLP provide for five -year terms and are subject to early termination upon the occurrence of defaults and certain other events described therein. As required under the REIT qualification rules, HHMLP must qualify as an “eligible independent contractor” during the term of the management agreements. Under the management agreements, HHMLP generally pays the operating expenses of our hotels. All operating expenses or other expenses incurred by HHMLP in performing its authorized duties are reimbursed or borne by our TRS to the extent the operating expenses or other expenses are incurred within the limits of the applicable approved hotel operating budget. HHMLP is not obligated to advance any of its own funds for operating expenses of a hotel or to incur any liability in connection with operating a hotel. Management agreements with other unaffiliated hotel management companies have similar terms.  For its services, HHMLP receives a base management fee and, if a hotel exceeds certain thresholds, an incentive management fee. The base management fee for a hotel is due monthly and is equal to 3% of gross revenues associated with each hotel managed for the related month. The incentive management fee, if any, for a hotel is due annually in arrears on the ninetieth day following the end of each fiscal year and is based upon the financial performance of the hotels. For the three months ended March 31, 2016 and 201 5 , base management fees incurred totaled $3, 025 and $2,670 , respectively, and are recorded as Hotel Operating Expenses. For the three months ended March 31, 2016 and 201 5 , we did not incur incentive management fees.  Franchise Agreements  Our branded hotel properties are operated under franchise agreements assumed by the hotel property lessee. The franchise agreements have 10 to 20 year terms, but may be terminated by either the franchisee or franchisor on certain anniversary dates specified in the agreements. The franchise agreements require annual payments for franchise royalties, reservation, and advertising services, and such payments are based upon percentages of gross room revenue. These payments are paid by the hotels and charged to expense as incurred. Franchise fee expenses for the three months ended March 31, 2016 and 201 5 were $5,895 and $ 5,590 , respectively , and are recorded in Hotel Operating Expenses. The initial fees incurred to enter into the franchise agreements are amortized over the life of the franchise agreements.  Accounting and Information Technology Fees  Each of the wholly-owned hotels and consolidated joint venture hotel properties managed by HHMLP incurs a monthly accounting and information technology fee. Monthly fees for accounting services are between $2 and $3 per property and monthly information technology fees range from $1 to $2 per property. For the three months ended March 31, 2016 and 201 5 , the Company incurred accounting fees of $ 392 and $360 , respectively . For the three months ended March 31, 2016 and 201 5 , the Company incurred information technology fees of $1 41 and $106 , respectively. Accounting fees and information technology fees are included in Hotel Operating Expenses.  Capital Expenditure Fees  HHMLP charges a 5% fee on all capital expenditures and pending renovation projects at the properties as compensation for procurement services related to capital expenditures and for project management of renovation projects. For the three months ended March 31, 2016 and 201 5 , we incurred fees of $ 447 and $147 , respectively , which were capitalized with the cost of fixed asset additions. NOTE 6 – COMMITMENTS AND CONTINGENCIES AND RELATED PARTY TRANSACTIONS (CONTINUED)  Acquisitions from Affiliates  We have entered into an option agreement with certain of our officers and trustees such that we obtain a right of first refusal to purchase any hotel owned or developed in the future by these individuals or entities controlled by them at fair market value. This right of first refusal would apply to each party until one year after such party ceases to be an officer or trustee of the Company. Our Acquisition Committee of the Board of Trustees is comprised solely of independent trustees, and the purchase prices and all material terms of the purchase of hotels from related parties are approved by the Acquisition Committee.  Hotel Supplies  For the three months ended March 31, 2016 and 201 5 , we incurred charges for hotel supplies of $ 21 and $23 , respectively . For the three months ended March 31, 2016 and 201 5 , we incurred charges for capital expenditure purchases of $882 and $1,360 , respectively. These purchases were made from Hersha Purchasing and Design, a hotel supply company owned, in part, by certain executives and trustees of the Company. Hotel supplies are expensed and included in Hotel Operating Expenses on our consolidated statements of operations, and capital expenditure purchases are included in investment in hotel properties on our consolidated balance sheets. Approximately $2 and $3 is included in accounts payable at March 31, 2016 and December 31, 201 5 , respectively.  Due From Related Parties  The due from related parties balance as of March 31, 2016 and December 31, 201 5 was approximately $6, 286 and $6, 243 , respectively. The balances primarily consisted of working capital deposits made to HHMLP and related party service providers.  Due to Related Parties  The balance due to related parties as of March 31, 2016 and December 31, 201 5 was approximately $3,844 and $8,789 , respectively. The balances consisted of amounts payable to HHMLP and related party service providers for administrative, management, and benefit related fees. Hotel Ground Rent  For the three months ended March 31, 2016 and 201 5 , we incurred $ 893 and $728 , respectively, of rent expense payable pursuant to ground leases related to certain hotel properties.  

Fair Value Measurements And Der

Fair Value Measurements And Derivative Instruments	3 Months Ended
	Mar. 31, 2016
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 March 31, 2016 , the Company’s derivative instruments represented the only financial instruments measured at fair value. Currently, the Company uses derivative instruments, such as interest rate swaps and caps, to manage its interest rate risk. The valuation of these instruments is determined using widely accepted valuation techniques, including discounted cash flow analysis on the expected cash flows of each derivative. This analysis reflects the contractual terms of the derivatives, including the period to maturity, and uses observable market-based inputs.  We incorporate credit valuation adjustments to appropriately reflect both our own nonperformance risk and the respective counterparty’s nonperformance risk in the fair value measurements. In adjusting the fair value of its derivative contracts for the effect of nonperformance risk, we have considered the impact of netting and any applicable credit enhancements, such as collateral postings, thresholds, mutual puts and guarantees.  Although we have determined that the majority of the inputs used to value our derivatives fall within Level 2 of the fair value hierarchy, the credit valuation adjustments associated with our derivatives utilize Level 3 inputs, such as estimates of current credit spreads, to evaluate the likelihood of default by us and the counterparties. However, as of March 31, 2016 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 March 31, 2016 December 31, 2015   Courtyard, LA Westside, Culver City, CA Cap 3.000% 1-Month LIBOR + 3.00% October 27, 2015 September 29, 2017 35,000 16 19  Hyatt, Union Square, New York, NY Cap 3.000% 1-Month LIBOR + 2.30% June 10, 2015 June 10, 2019 55,750 45 136  Hyatt, Union Square, New York, NY* Cap 2.000% 1-Month LIBOR + 4.19% April 9, 2013 April 9, 2016 55,000 - -  Unsecured Term Loan Swap 0.545% 1-Month LIBOR + 2.35% November 5, 2012 November 5, 2016 100,000 (20) 84  Unsecured Term Loan Swap 0.600% 1-Month LIBOR + 2.35% December 18, 2012 November 5, 2016 50,000 (27) 18  Duane Street Hotel, New York, NY Swap 0.933% 1-Month LIBOR + 4.50% February 1, 2014 February 1, 2017 9,119 (29) (21)  Hilton Garden Inn 52nd Street, New York, NY Swap 1.152% 1-Month LIBOR + 2.90% June 1, 2015 February 21, 2017 45,000 (239) (215)  $ (254) $ 21  * 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 matured on April 9, 2016 and was replaced by the aforementioned interest rate cap with a strike rate of 3.000%.  The fair value of certain swaps and our interest rate caps is included in other assets at March 31, 2016 and December 31, 201 5 and the fair value of certain of our interest rate swaps is included in accounts payable, accrued expenses and other liabilities at March 31, 2016 and December 31, 201 5 .  The net change in fair value of derivative instruments designated as cash flow hedges was a loss of $237 and $556 for the three months ended March 31, 2016 and 201 5 , respectively . These unrealized losses were reflected on our consolidated balance sheet in accumulated other comprehensive loss.  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 $179 of net unrealized losses and $339 of net unrealized gains from accumulated other comprehensive income as an increase /decrease to interest expense for the three months ended March 31, 2016 and 2015, respectively. For the next twelve months ending March 31, 2017 , the Company estimates that an additional $334 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 March 31, 2016 , the carrying value and estimated fair value of the Company’s debt were $1,327,724 and $1,328,508 , respectively. As of December 31, 201 5 , the carrying value and estimated fair value of the Company’s debt were $1,169,377 and $1,170,901 , respectively.

Share Based Payments

Share Based Payments	3 Months Ended
	Mar. 31, 2016
Share Based Payments [Abstract]
Share Based Payments	NOTE 8 – SHARE BASED PAYMENTS  In May 2011, the Company established and our shareholders approved the Hersha Hospitality Trust 2012 Equity Incentive Plan (the “2012 Plan”) for the purpose of attracting and retaining executive officers, employees, trustees and other persons and entities that provide services to the Company.  Executives & Employees  Annual Long Term Equity Incentive Programs  To further align the interests of the Company’s executives with those of shareholders, the Compensation Committee grants annual long term equity incentive awards that are both “performance based” and “time based.”  On March 17 , 201 6 , the Compensation Committee approved the 201 6 Annual Long Term Equity Incentive Program (“201 6 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 2016 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 March 31, 2016 , no shares or LTIP Units have been issued in accordance with the 2012 Plan to the executive officers in settlement of 201 6 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 March 31, 2016 December 31, 2015 March 31, 2016 December 31, 2015  March 30, 2016  (2015 Annual EIP) 183,396 3 years 25%/year (1) 45,847 - $ 1,741 $ -  March 30, 2015  (2014 Annual EIP) 128,832 3 years 25%/year (1) 64,415 64,415 624 758  December 23, 2014  (2013 Annual EIP) (3) 83,993 3 years 25%/year (1) 83,992 83,992 130 173  December 23, 2014 (3) 258,899 5 years 33% Year 3, 4, 5 (2) 86,299 86,299 1,279 1,553  655,120 280,553 234,706 $ 3,774 $ 2,484   (1) 25% of the issued shares or LTIP Units vested immediately upon issuance. In general, the remaining shares or LTIP Units vest 25% on the first through third anniversaries of the end of the performance period (subject to continuous employment through the applicable vesting date). (2) On April 18, 2012, the Company entered into amended and restated employment agreements with the Company’s executive officers. To induce the executives to agree to the substantial reduction in benefits upon certain terminations following a change of control as described in the agreements, the Company awarded an aggregate of 258,899 restricted common shares to the executives pursuant to the 2012 Plan, which were subsequently forfeited and replaced with LTIP Units. One-third of each award of LTIP Units vested or will vest on each of the third, fourth and fifth anniversaries of the date of issuance. Vesting will accelerate upon a change of control or if the relevant executive’s employment with the Company were to terminate for any reason other than for cause (as defined in the employment agreements). NOTE 8 – SHARE BASED PAYMENTS (CONTINUED)  (3) On December 23, 2014, the 2012 Plan was amended and restated to add LTIP Units as a type of award available under the 2012 Plan. On this date, the Compensation Committee approved an aggregate of 487,081 LTIP Units to certain executive officers. These executive officers forfeited an aggregate of 487,081 Class A Common Shares, all of which were unvested as of the grant date of the LTIP Units and previously awarded to the executive officers under the 2012 Plan as restricted stock awards. These LTIP Units are subject to the same time-based vesting conditions that applied to the forfeited restricted stock awards.  Stock based compensation expense related to the Annual Long Term Equity Incentive Program of $ 1,411 a nd $ 1,195 was incurred during the three months ended March 31, 2016 and 201 5 , respectively. Unea rned compensation related to the Annual Long Term Equity Incentive Program as of March 31, 2016 and December 31, 201 5 was $ 3,774 a nd $ 2,484 , respectively.  Compensation related to the grants and amortization of 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 17, 2016, the Compensation Committee approved the 2016 Multi-Year Long Term Equity Incentive Program (“2016 Multi-Year EIP”). This program has a three-year performance period which commenced on January 1, 2016 and ends December 31, 2018. As of March 31, 2016, no shares or LTIP Units have been issued to the executive officers in settlement of 2016 Multi-Year EIP awards. Stock based compensation expense for the three months ended March 31, 2016 and 2015 was $0 and $23 , respectively.  The followin g table is a summary of the approved Multi-Year Long Term Equity Incentive Programs :    Units Vested Unearned Compensation  Compensation Committee Approval Date LTIP Units Issued LTIP Issuance Date Performance Period March 31, 2016 December 31, 2015 March 31, 2016 December 31, 2015  March 18, 2015 $ $  (2015 Multi-Year EIP) - N/A 1/1/2015 to 12/31/2017 - - 546 596  April 11, 2014  (2014 Multi-Year EIP) - N/A 1/1/2014 to 12/31/2016 - - 495 567  April 15, 2013  (2013 Multi-Year EIP) 110,849 3/30/2016 1/1/2013 to 12/31/2015 55,424 - 445 385  110,849 55,424 - $ 1,486 $ 1,548  The shares or LTIP Units issuable under the Multi-Year Long Term Incentive Programs, including the 2016 Multi-Year EIP, 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).  The Company accounts for the total shareholder return components of these grants as market based awards where the Company estimates unearned compensation at the grant date fair value which is then amortized into compensation cost over the vesting period of each individual plan. The Company accounts for the RevPAR component of the grants as performance-based awards for which the Company assesses the probable achievement of the performance conditions at the end of the reporting period.  Stock based compensation expe nse of $ 841 and $ 167 was recorded for the three months ended March 31, 2016 and 201 5 , respectively, for the Multi-Year Long Term Equity Incentive Programs. Unearned compensation related to the multi-year program as of March 31, 2016 and December 31, 201 5 , respectively, was $ 1,486 and $ 1,548 .  NOTE 8 – SHARE BASED PAYMENTS (CONTINUED)  Restricted Share Awards  In addition to stock based compensation expense related to awards to executives under the Multi-Year and Annual Long Term Equity Incentive Programs, stock based compensation expense related to restricted common shares issued to employees of the Company o f $ 122 and $ 88 was incurred during the three months ended March 31, 2016 and 201 5 , respectively. Unearned compensation related to the restricted share awards as of March 31, 2016 and December 31, 201 5 was $ 499 and $ 491 , respectively. The following table is a summary of all unvested s hare awards issued to employees under the 2012 Plan and prior to equity incentive plans:    Shares Vested Unearned Compensation  Original Year of Issuance Date Original Shares Issued Range of Share Price on Date of Grant* Vesting Period Vesting Schedule March 31, 2016 December 31, 2015 March 31, 2016 December 31, 2015  2016 6,261 $ 21.11 2 years 50% /year - - $ 132 $ -  2015 23,492 21.76 -28.09 2 -4 years 25 -50% /year 600 600 339 419  2014 11,455 26.00 -27.00 2 years 50% /year 6,619 6,619 21 54  2013 11,899 22.56 2 -4 years 25 -50% /year 11,199 11,199 3 7  2012 13,646 21.12 2 -4 years 25 -50% /year 12,445 12,445 4 11  Total 66,753 30,863 30,863 $ 499 $ 491  *Original share price on date of grants prior to June 22, 2015 was multiplied by four to account for the reverse share split which occurred on June 22, 2015. See “Note 1 – Basis of Presentation” for more information.  Trustees  Annual Retainer  The Compensation Committee approved a program that allows the Company’s trustees to make a voluntary election to receive any portion of the annual cash retainer in the form of common equity valued at a 25% premium to the cash that would have been received. On March 30, 201 6, we issued 5,289 shares which do not fully vest until December 31, 201 6 . Compensation expense for the three months ended March 31, 2016 and 2015 under this program was not material. The following table is a summary of all unvested share awards issued to trustees in lieu of an annual cash retainer:      Unearned Compensation  Original Issuance Date Shares Issued Share Price on Date of Grant Vesting Period Vesting Schedule March 31, 2016 December 31, 2015  March 30, 2016 5,289 $ 21.11 1 year 100% $ 112 $ -  NOTE 8 – SHARE BASED PAYMENTS (CONTINUED)  Multi-Year Long-Term Equity Incentives  Compensation expense for the multi-year long term incentive plans for the Company’s trustees incurred for the three months ended March 31, 2016 and 201 5 w as $ 15 for both periods. Une arned compensation related to the multi-year long term equity incentives was $ 104 and $ 67 as of March 31, 2016 and December 31, 201 5 , respectively.  The following table is a summary of all unvested share awards issued to trustees under the 2012 Plan and prior to equity incentive plans:     Shares Vested Unearned Compensation  Original Issuance Date Shares Issued Vesting Period Vesting Schedule March 31, 2016 December 31, 2015 March 31, 2016 December 31, 2015  March 30, 2016 2,500 3 years 33%/year - - $ 48 $ -  December 30, 2014 2,500 3 years 33% /year 835 835 42 48  December 27, 2013 3,000 3 years 33% /year 2,170 2,170 14 19  3,005 3,005 $ 104 $ 67   Non-employees  The Company issues share based awards as compensation to non-employees for services provided to the Company consisting primarily of restricted common sh ares. The Company recorded stock based compensation expense o f $ 17 an d $ 51 for the three months ended March 31, 2016 and 2015, respectively. Unearned compensation related to the restricted share awards as of March 31, 2016 and December 31, 201 5 was $ 248 and $ 90 , respectively. The following table is a summary of all unvested share awards issued to non-em ployees under the 2012 Plan:      Shares Vested Unearned Compensation  Original Issuance Date Shares Issued Share Price on Date of Grant* Vesting Period Vesting Schedule March 31, 2016 December 31, 2015 March 31, 2016 December 31, 2015  March 30, 2016 7,500 $ 21.11 2 years 50% /year - - $ 158 $ -  March 27, 2015 7,438 $ 25.88 2 years 50% /year 3,762 3,762 90 90  Total 14,938 3,762 3,762 $ 248 $ 90  *Original share price on date of grants prior to June 22, 2015 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	3 Months Ended
	Mar. 31, 2016
Earnings Per Share [Abstract]
Earnings Per Share	NOTE 9 – EARNINGS PER SHARE  The following table is a reconciliation of the income or loss (numerator) and the weighted average shares (denominator) used in the calculation of basic and diluted earnings per common share. The computation of basic and diluted earnings per share is presented below.      Three Months Ended March 31,  2016 2015  NUMERATOR:  Basic and Diluted*  Loss from Continuing Operations $ (8,419) $ (4,389)  Loss from Continuing Operations allocated to Noncontrolling Interests 687 443  Distributions to Preferred Shareholders (3,589) (3,589)  Dividends Paid on Unvested Restricted Shares and LTIP Units (144) (141)  Net Loss attributable to Common Shareholders $ (11,465) $ (7,676)   DENOMINATOR:  Weighted average number of common shares - basic 44,379,327 49,582,790  Weighted average number of common shares - diluted 44,379,327 49,582,790  * Income (loss) allocated to noncontrolling interest in HHLP has been excluded from the numerator and Common Units and Vested LTIP Units have been omitted from the denominator for the purpose of computing diluted earnings per share since including these amounts in the numerator and denominator would have no impact. In addition, potentially dilutive common shares, if any, have been excluded from the denominator if they are anti-dilutive to income (loss) from continuing operations applicable to common shareholders.

Cash Flow Disclosures And Non C

Cash Flow Disclosures And Non Cash Investing And Financing Activities	3 Months Ended
	Mar. 31, 2016
Cash Flow Disclosures And Non Cash Investing And Financing Activities [Abstract]
Cash Flow Disclosures And Non Cash Investing And Financing Activities	NOTE 1 0 – CASH FLOW DISCLOSURES AND NON CASH INVESTING AND FINANCING ACTIVITIES  Interest paid during the three months ended March 31, 2016 and 201 5 totaled $11,495 and $ 9,766 , respectively . The following non-cash investing and financing activities occurred during 201 6 and 201 5 :            2016 2015  Common Shares issued as part of the Dividend Reinvestment Plan $ 15 $ 15  Acquisition of hotel properties:  Debt assumed, including premium 14,750 -  Deposit paid in prior period towards acquisition which closed in current period 5,000  Cash paid for income taxes 201  Accrued payables for fixed assets placed into service 1,158 -  

Basis Of Presentation (Policies

Basis Of Presentation (Policies)	3 Months Ended
	Mar. 31, 2016
Basis Of Presentation [Abstract]
Noncontrolling Interest	Noncontrolling Interest  We classify the noncontrolling interests of our consolidated variable interest entity, common units of limited partnership interest in HHLP (“Common Units”), and LTIP Units as equity. LTIP Units are a special class of limited partnership interest in the Operating Partnership that are convertible into Common Units under certain circumstances. The noncontrolling interest of Common Units totaled $34,608 as of March 31, 2016 and $31,876 as of December 31, 2015. As of March 31, 2016, there were 2,613,546 Common Units outstanding with a fair market value of $55,773 , based on the price per share of our common shares on the NYSE on such date. In accordance with the partnership agreement of HHLP, holders of these units may redeem them for cash unless we, in our sole and absolute discretion, elect to issue common shares on a one-for-one basis in lieu of paying cash. Net income or loss attributed to Common Units, as well as the net income or loss related to the noncontrolling interests of our consolidated variable interest entity, is included in net income or loss but excluded from net income or loss applicable to common shareholders in the consolidated statements of operations.
Shareholders' Equity	Shareholders’ Equity  Terms of the Series B and Series C Preferred Shares outstanding at March 31, 2016 and December 31, 2015 are summarized as follows:     Dividend Per Share  Shares Outstanding Three Months Ended March 31,  Series March 31, 2016 December 31, 2015 Aggregate Liquidation Preference Distribution Rate 2016 2015   Series B 4,600,000 4,600,000 $ 115,000 8.000% $ 0.5000 $ 0.5000  Series C 3,000,000 3,000,000 75,000 6.875% 0.4297 0.4297  Total 7,600,000 7,600,000  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 shares was reduced from 191,079,951 to 47,769,961 shares and the number of outstanding Common Units and LTIP Units was reduced from 9,313,063 to 2,328,276 units. In addition, the second quarter 2015 dividend was adjusted to $0.28 per common share from the previously announced $0.07 per common share. All common share, Common Unit and LTIP Units and per share data related to these classes of equity have been updated in this Quarterly Report on Form 10-Q to reflect this share split for all periods presented.  In October 2015, our Board of Trustees authorized a new share repurchase program for up to $100,000 of common shares which commenced upon the completion of the previous 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 three months ended March 31, 2016, the Company repurchased 116,257 common shares for an aggregate purchase price of $2,314 . Upon repurchase by the Company, these common shares ceased to be outstanding and became authorized but unissued common shares.
New Accounting Pronouncements	New Accounting Pronouncements  We adopted ASU No. 2015-03, Simplifying the Presentation of Debt Issuance Costs, on January 1, 2016. This standard requires debt issuance costs to be presented on the balance sheet as a direct deduction from the associated debt liability. Previously, debt issuance costs were recorded as an asset. The issuance costs will continue to be amortized over the life of the debt instrument and recorded in interest expense, as they were prior to the new standard. As part of this adoption, debt issuance costs are now included as an offset to the mortgages, unsecured term loan and unsecured notes payable line items on the consolidated balance sheets for all periods presented. For full reclassification amounts, see “Note 5 – Debt”.  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. We do not believe it will have a material impact on the Company’s financial statements.
Reclassification	Reclassification  Certain amounts in the prior year financial statements have been reclassified to conform to the current year presentation.

Basis Of Presentation (Tables)

Basis Of Presentation (Tables)	3 Months Ended
	Mar. 31, 2016
Basis Of Presentation [Abstract]
Schedule Of Preferred Stock	   Dividend Per Share  Shares Outstanding Three Months Ended March 31,  Series March 31, 2016 December 31, 2015 Aggregate Liquidation Preference Distribution Rate 2016 2015   Series B 4,600,000 4,600,000 $ 115,000 8.000% $ 0.5000 $ 0.5000  Series C 3,000,000 3,000,000 75,000 6.875% 0.4297 0.4297  Total 7,600,000 7,600,000 

Investment In Hotel Properties

Investment In Hotel Properties (Tables)	3 Months Ended
	Mar. 31, 2016
Investment In Hotel Properties [Abstract]
Investment In Hotel Properties	   March 31, 2016 December 31, 2015   Land $ 465,102 $ 480,874  Buildings and Improvements 1,371,230 1,518,565  Furniture, Fixtures and Equipment 214,744 227,527  2,051,076 2,226,966   Less Accumulated Depreciation (348,185) (395,847)   Total Investment in Hotel Properties $ 1,702,891 $ 1,831,119 
Wholly Owned Hotel Properties Acquired	   Hotel Acquisition Date Land Buildings and Improvements Furniture Fixtures and Equipment Other Intangibles Loan Costs Total Purchase Price Assumption of Debt  Sanctuary Beach Resort, Marina, CA 1/28/2016 $ 20,014 $ 17,093 $ 2,369 $ - $ 198 $ 39,674 $ 14,750 *  Hilton Garden Inn M Street, Washington, DC 3/9/2016 30,131 65,971 9,621 874 ** - 106,597 -  TOTAL $ 50,145 $ 83,064 $ 11,990 $ 874 $ 198 $ 146,271 $ 14,750  *Assumption of debt includes a $50 premium resulting from the determination that the stated rate of interest is above market rates on the date of acquisition  **Includes a n intangible asset for a lease-in-place of $648 , advance bookings of $76 a nd franchise fees of $150 .  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 three months ended March 31, 2016 , we paid $1,410 in acquisition costs related to the above acquired assets.
Results Of Operations For Hotels Acquired With 100% Interest	   Three Months Ended March 31,  2016  Hotel Revenue Net Income  Sanctuary Beach Resort, Marina, CA $ 902 $ 263  Hilton Garden Inn M Street, Washington, DC 1,230 491  Total $ 2,132 $ 754 
Assets Held For Sale	   March 31, 2016   Land $ 65,916  Buildings and Improvements 236,830  Furniture, Fixtures and Equipment 29,596  332,342   Less: Accumulated Depreciation & Amortization (67,558)   Assets Held for Sale $ 264,784   Liabilities Related to Assets Held for Sale $ 55,203 
Condensed Pro Forma Financial Data	   Three Months Ended March 31,  2016 2015  Pro Forma Total Revenues $ 110,325 $ 100,833   Pro Forma Net Loss (6,192) (3,948)  Loss Allocated to Noncontrolling Interest 588 427  Preferred Distributions (3,589) (3,589)  Pro Forma Loss Applicable to Common Shareholders $ (9,193) $ (7,110)   Pro Forma Loss Applicable to Common Shareholders per Common Share  Basic $ (0.21) $ (0.14)  Diluted $ (0.21) $ (0.14)   Weighted Average Common Shares Outstanding  Basic 44,379,327 49,582,790  Diluted 44,379,327 49,582,790 

Investment In Unconsolidated 23

Investment In Unconsolidated Joint Ventures (Tables)	3 Months Ended
	Mar. 31, 2016
Investment In Unconsolidated Joint Ventures [Abstract]
Investment In Unconsolidated Joint Ventures	   Percent Preferred March 31, December 31,  Joint Venture Hotel Properties Owned Return 2016 2015   SB Partners, LLC Holiday Inn Express, South Boston, MA 50.0% N/A $ 656 $ 795  Hiren Boston, LLC Courtyard by Marriott, South Boston, MA 50.0% N/A 4,256 4,499  Mystic Partners, LLC Hilton and Marriott branded hotels in CT 8.8% -66.7% 8.5% non-cumulative 4,941 5,022  $ 9,853 $ 10,316 
Income Or Loss From Unconsolidated Joint Ventures	    Three Months Ended March 31,  2016 2015  SB Partners, LLC $ (39) $ (90)  Hiren Boston, LLC (93) (109)  Mystic Partners, LLC (82) (75)  Loss from Unconsolidated Joint Venture Investments $ (214) $ (274) 
Summary Financial Information Related To Unconsolidated Joint Ventures	   Balance Sheets  March 31, December 31,  2016 2015  Assets  Investment in Hotel Properties, Net $ 105,229 $ 105,354  Other Assets 14,723 15,558  Total Assets $ 119,952 $ 120,912   Liabilities and Equity  Mortgages and Notes Payable $ 112,612 $ 113,532  Other Liabilities 32,413 30,575  Equity:  Hersha Hospitality Trust 22,354 22,698  Joint Venture Partner(s) (47,427) (45,893)  Total Equity (25,073) (23,195)   Total Liabilities and Equity $ 119,952 $ 120,912       Statements of Operations   Three Months Ended March 31,  2016 2015  Room Revenue $ 12,380 $ 12,682  Other Revenue 4,702 5,069  Operating Expenses (12,884) (13,193)  Lease Expense (305) (276)  Property Taxes and Insurance (761) (755)  General and Administrative (1,232) (1,406)  Depreciation and Amortization (1,673) (1,566)  Interest Expense (1,606) (1,622)  Gain/(Loss) allocated to Noncontrolling Interests 33 (24)  Net Loss $ (1,346) $ (1,091) 
Reconciliation Of Share In Unconsolidated Joint Ventures' Equity In Investment In Unconsolidated Joint Ventures	     March 31, December 31,  2016 2015  Company's share of equity recorded on the joint ventures' financial statements $ 22,354 $ 22,698  Adjustment to reconcile the Company's share of equity recorded on the joint ventures' financial statements to our investment in unconsolidated joint ventures (1) (12,501) (12,382)  Investment in Unconsolidated Joint Ventures $ 9,853 $ 10,316  (1) Adjustment to reconcile the Company's share of equity recorded on the joint ventures' financial statements to our investment in unconsolidated joint ventures consists of the following:  · cumulative impairment of the Company’s investment in joint ventures not reflected on the joint ventures' financial statements; · the Company’s basis in the investment in joint ventures not recorded on the joint ventures' financial statements; and accumulated amortization of the Company’s equity in joint ventures that reflects the Company’s portion of the excess of the fair value of joint ventures' assets on the date of our investment over the carrying value of the assets recorded on the joint ventures financial statements (this excess investment is amortized over the life of the properties, and the amortization is included in Income (Loss) from Unconsolidated Joint Venture Investments on the Company’s consolidated statement of operations).

Other Assets (Tables)

Other Assets (Tables)	3 Months Ended
	Mar. 31, 2016
Other Assets [Abstract]
Other Assets	   March 31, 2016 December 31, 2015   Investment in Statutory Trusts 1,548 1,548  Prepaid Expenses 10,188 14,434  Deferred Tax Asset, Net of Valuation Allowance of $804 14,590 14,590  Other 9,803 9,386  $ 36,129 $ 39,958 

Debt (Tables)

Debt (Tables)	3 Months Ended
	Mar. 31, 2016
Debt [Abstract]
Schedule Of Mortgages Payable	  March 31, 2016 December 31, 2015  Mortgage Indebtedness $ 496,063 $ 545,036  Net Unamortized Premium 3,208 3,503  Net Unamortized Deferred Financing Costs (3,667) (3,880)  $ 495,604 $ 544,659   Liabilities Related to Hotel Assets Held for Sale $ 55,203 $ - 
Summary Of The Balances Outstanding And Interest Rate Spread	  Outstanding Balance  Borrowing Spread March 31, 2016 December 31, 2015  Line of Credit 1.70% to 2.45% $ 178,550 $ 27,000  First Term Loan 1.60% to 2.35% 250,000 250,000  Second Term Loan 1.50% to 2.25% 300,000 300,000 

Fair Value Measurements And D26

Fair Value Measurements And Derivative Instruments (Tables)	3 Months Ended
	Mar. 31, 2016
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 March 31, 2016 December 31, 2015   Courtyard, LA Westside, Culver City, CA Cap 3.000% 1-Month LIBOR + 3.00% October 27, 2015 September 29, 2017 35,000 16 19  Hyatt, Union Square, New York, NY Cap 3.000% 1-Month LIBOR + 2.30% June 10, 2015 June 10, 2019 55,750 45 136  Hyatt, Union Square, New York, NY* Cap 2.000% 1-Month LIBOR + 4.19% April 9, 2013 April 9, 2016 55,000 - -  Unsecured Term Loan Swap 0.545% 1-Month LIBOR + 2.35% November 5, 2012 November 5, 2016 100,000 (20) 84  Unsecured Term Loan Swap 0.600% 1-Month LIBOR + 2.35% December 18, 2012 November 5, 2016 50,000 (27) 18  Duane Street Hotel, New York, NY Swap 0.933% 1-Month LIBOR + 4.50% February 1, 2014 February 1, 2017 9,119 (29) (21)  Hilton Garden Inn 52nd Street, New York, NY Swap 1.152% 1-Month LIBOR + 2.90% June 1, 2015 February 21, 2017 45,000 (239) (215)  $ (254) $ 21  * 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 matured on April 9, 2016 and was replaced by the aforementioned interest rate cap with a strike rate of 3.000%. 

Share Based Payments (Tables)

Share Based Payments (Tables)	3 Months Ended
	Mar. 31, 2016
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 March 31, 2016 December 31, 2015 March 31, 2016 December 31, 2015  March 30, 2016 7,500 $ 21.11 2 years 50% /year - - $ 158 $ -  March 27, 2015 7,438 $ 25.88 2 years 50% /year 3,762 3,762 90 90  Total 14,938 3,762 3,762 $ 248 $ 90  *Original share price on date of grants prior to June 22, 2015 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 March 31, 2016 December 31, 2015 March 31, 2016 December 31, 2015  March 30, 2016 2,500 3 years 33%/year - - $ 48 $ -  December 30, 2014 2,500 3 years 33% /year 835 835 42 48  December 27, 2013 3,000 3 years 33% /year 2,170 2,170 14 19  3,005 3,005 $ 104 $ 67  
Multi-Year LTIP [Member]
Summary Of Unvested Share Awards Issued To Executives	  Units Vested Unearned Compensation  Compensation Committee Approval Date LTIP Units Issued LTIP Issuance Date Performance Period March 31, 2016 December 31, 2015 March 31, 2016 December 31, 2015  March 18, 2015 $ $  (2015 Multi-Year EIP) - N/A 1/1/2015 to 12/31/2017 - - 546 596  April 11, 2014  (2014 Multi-Year EIP) - N/A 1/1/2014 to 12/31/2016 - - 495 567  April 15, 2013  (2013 Multi-Year EIP) 110,849 3/30/2016 1/1/2013 to 12/31/2015 55,424 - 445 385  110,849 55,424 - $ 1,486 $ 1,548 
LTIP Units [Member]
Summary Of Unvested Share Awards Issued To Executives	  Units Vested Unearned Compensation  Issuance Date LTIP Units Issued Vesting Period Vesting Schedule March 31, 2016 December 31, 2015 March 31, 2016 December 31, 2015  March 30, 2016  (2015 Annual EIP) 183,396 3 years 25%/year (1) 45,847 - $ 1,741 $ -  March 30, 2015  (2014 Annual EIP) 128,832 3 years 25%/year (1) 64,415 64,415 624 758  December 23, 2014  (2013 Annual EIP) (3) 83,993 3 years 25%/year (1) 83,992 83,992 130 173  December 23, 2014 (3) 258,899 5 years 33% Year 3, 4, 5 (2) 86,299 86,299 1,279 1,553  655,120 280,553 234,706 $ 3,774 $ 2,484   (1) 25% of the issued shares or LTIP Units vested immediately upon issuance. In general, the remaining shares or LTIP Units vest 25% on the first through third anniversaries of the end of the performance period (subject to continuous employment through the applicable vesting date). (2) On April 18, 2012, the Company entered into amended and restated employment agreements with the Company’s executive officers. To induce the executives to agree to the substantial reduction in benefits upon certain terminations following a change of control as described in the agreements, the Company awarded an aggregate of 258,899 restricted common shares to the executives pursuant to the 2012 Plan, which were subsequently forfeited and replaced with LTIP Units. One-third of each award of LTIP Units vested or will vest on each of the third, fourth and fifth anniversaries of the date of issuance. Vesting will accelerate upon a change of control or if the relevant executive’s employment with the Company were to terminate for any reason other than for cause (as defined in the employment agreements). NOTE 8 – SHARE BASED PAYMENTS (CONTINUED)  (3) On December 23, 2014, the 2012 Plan was amended and restated to add LTIP Units as a type of award available under the 2012 Plan. On this date, the Compensation Committee approved an aggregate of 487,081 LTIP Units to certain executive officers. These executive officers forfeited an aggregate of 487,081 Class A Common Shares, all of which were unvested as of the grant date of the LTIP Units and previously awarded to the executive officers under the 2012 Plan as restricted stock awards. These LTIP Units are subject to the same time-based vesting conditions that applied to the forfeited restricted stock awards.
Restricted Share Awards [Member]
Summary Of Unvested Share Awards Issued To Executives	  Shares Vested Unearned Compensation  Original Year of Issuance Date Original Shares Issued Range of Share Price on Date of Grant* Vesting Period Vesting Schedule March 31, 2016 December 31, 2015 March 31, 2016 December 31, 2015  2016 6,261 $ 21.11 2 years 50% /year - - $ 132 $ -  2015 23,492 21.76 -28.09 2 -4 years 25 -50% /year 600 600 339 419  2014 11,455 26.00 -27.00 2 years 50% /year 6,619 6,619 21 54  2013 11,899 22.56 2 -4 years 25 -50% /year 11,199 11,199 3 7  2012 13,646 21.12 2 -4 years 25 -50% /year 12,445 12,445 4 11  Total 66,753 30,863 30,863 $ 499 $ 491  *Original share price on date of grants prior to June 22, 2015 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 March 31, 2016 December 31, 2015  March 30, 2016 5,289 $ 21.11 1 year 100% $ 112 $ - 

Earnings Per Share (Tables)

Earnings Per Share (Tables)	3 Months Ended
	Mar. 31, 2016
Earnings Per Share [Abstract]
Reconciliation Of Earnings Per Share	    Three Months Ended March 31,  2016 2015  NUMERATOR:  Basic and Diluted*  Loss from Continuing Operations $ (8,419) $ (4,389)  Loss from Continuing Operations allocated to Noncontrolling Interests 687 443  Distributions to Preferred Shareholders (3,589) (3,589)  Dividends Paid on Unvested Restricted Shares and LTIP Units (144) (141)  Net Loss attributable to Common Shareholders $ (11,465) $ (7,676)   DENOMINATOR:  Weighted average number of common shares - basic 44,379,327 49,582,790  Weighted average number of common shares - diluted 44,379,327 49,582,790  * Income (loss) allocated to noncontrolling interest in HHLP has been excluded from the numerator and Common Units and Vested LTIP Units have been omitted from the denominator for the purpose of computing diluted earnings per share since including these amounts in the numerator and denominator would have no impact. In addition, potentially dilutive common shares, if any, have been excluded from the denominator if they are anti-dilutive to income (loss) from continuing operations applicable to common shareholders.

Cash Flow Disclosures And Non29

Cash Flow Disclosures And Non Cash Investing And Financing Activities (Tables)	3 Months Ended
	Mar. 31, 2016
Cash Flow Disclosures And Non Cash Investing And Financing Activities [Abstract]
Non-cash Investing And Financing Activities	  2016 2015  Common Shares issued as part of the Dividend Reinvestment Plan $ 15 $ 15  Acquisition of hotel properties:  Debt assumed, including premium 14,750 -  Deposit paid in prior period towards acquisition which closed in current period 5,000  Cash paid for income taxes 201  Accrued payables for fixed assets placed into service 1,158 - 

Basis Of Presentation (Narrativ

Basis Of Presentation (Narrative) (Details) - USD ($) $ / shares in Units, $ in Thousands	1 Months Ended	3 Months Ended
	Jun. 22, 2015	Mar. 31, 2016	Jun. 21, 2015	Mar. 31, 2015	Dec. 31, 2015	Feb. 28, 2015
Noncontrolling Interest [Abstract]
Noncontrolling interests in Nonredeemable Common Units		$ 34,608			$ 31,876
Shareholders' Equity [Abstract]
Stockholders' Equity Note, Stock Split, Conversion Ratio		0.25
Common Shares - Outstanding (in shares)	47,769,961		191,079,951
Common Stock, Dividends declared (in dollars per share)	$ 0.28		$ 0.07	$ 0.26
Stock Repurchase Program, Authorized Amount						$ 100,000
Treasury Stock, Shares, Acquired		116,257
Repurchase of Common Shares		$ 2,314		$ 12,627
Hersha Hospitality Limited Partnership [Member]
Class of Stock [Line Items]
Approximate ownership percentage in the Partnership (in hundredths)		94.40%
General partnership interest (in hundredths)		1.00%
Noncontrolling Interests Common Units And LTIP Units [Member]
Noncontrolling Interest [Abstract]
Noncontrolling interests in Nonredeemable Common Units		$ 34,608			$ 31,876
Nonredeemable common units outstanding (in shares)		2,613,546
Fair market value of nonredeemable common units		$ 55,773
Shareholders' Equity [Abstract]
Common Shares - Outstanding (in shares)	2,328,276		9,313,063
Series C Preferred Shares [Member]
Shareholders' Equity [Abstract]
Distribution Rate		6.875%

Basis Of Presentation (Schedule

Basis Of Presentation (Schedule Of Preferred Stock) (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015	Dec. 31, 2015
Class of Stock [Line Items]
Shares Outstanding	7,600,000		7,600,000
Series B Preferred Stock [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	$ 0.5000	$ 0.5000
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	$ 0.4297	$ 0.4297

Investment In Hotel Propertie32

Investment In Hotel Properties (Narrative) (Details)	Feb. 04, 2016USD ($)property	Feb. 04, 2016USD ($)property$ / roomroom	Mar. 31, 2016USD ($)	Dec. 31, 2015USD ($)
Business Acquisition [Line Items]
Acquisition costs			$ 1,410,000
Revenue			2,132,000
Net Income (Loss)			754,000
Assumption of Debt			14,750,000
Total Purchase Price			146,271,000
Investment in hotel properties			1,702,891,000	$ 1,831,119,000
Assets Related To Hotel Assets Held for Sale				$ 0
Limited Service Hotels In Manhattan [Member] | Cindat Capital Management Limited [Member]
Business Acquisition [Line Items]
Number of Real Estate Properties | property	7	7
Number of hotel rooms | room		1,087
Sale Agreement, Total Purchase Price	$ 543,500,000	$ 543,500,000
Sale Agreement, Total Purchase Price, Per Key | $ / room		500
Preferred Joint Venture Partner, Ownership Percentage		70.00%
Percent owned (in hundredths)	30.00%	30.00%
Non-cumulative Return	9.00%
Percentage of remaining price, contributed in cash	70.00%
Sanctuary Beach Resort, Marina, CA and Hilton Garden Inn M Street, Washington, DC [Member]
Business Acquisition [Line Items]
Revenue			2,132,000
Net Income (Loss)			$ 754,000

Investment In Hotel Propertie33

Investment In Hotel Properties (Investment In Hotel Properties) (Details) - USD ($) $ in Thousands	Mar. 31, 2016	Dec. 31, 2015
Business Acquisition [Line Items]
Total investment in hotel properties, gross	$ 2,051,076	$ 2,226,966
Less accumulated depreciation	(348,185)	(395,847)
Total investment in hotel properties, net	1,702,891	1,831,119
Land [Member]
Business Acquisition [Line Items]
Total investment in hotel properties, gross	465,102	480,874
Building and Improvements [Member]
Business Acquisition [Line Items]
Total investment in hotel properties, gross	1,371,230	1,518,565
Furniture, Fixtures And Equipment [Member]
Business Acquisition [Line Items]
Total investment in hotel properties, gross	$ 214,744	$ 227,527

Investment In Hotel Propertie34

Investment In Hotel Properties (Wholly Owned Hotel Properties Acquired) (Details) $ in Thousands	3 Months Ended
	Mar. 31, 2016USD ($)
Business Acquisition [Line Items]
Total Purchase Price	$ 146,271
Assumption of Debt	14,750
Other Intangibles [Member]
Business Acquisition [Line Items]
Total Purchase Price	874
Loan Costs [Member]
Business Acquisition [Line Items]
Total Purchase Price	198
Land [Member]
Business Acquisition [Line Items]
Total Purchase Price	50,145
Building and Improvements [Member]
Business Acquisition [Line Items]
Total Purchase Price	83,064
Furniture, Fixtures And Equipment [Member]
Business Acquisition [Line Items]
Total Purchase Price	$ 11,990
Sanctuary Beach Resort, Marina, CA [Member]
Business Acquisition [Line Items]
Acquisition Date	Jan. 28, 2016
Total Purchase Price	$ 39,674
Assumption of Debt	14,750
Premium on debt assumed	50
Sanctuary Beach Resort, Marina, CA [Member] | Loan Costs [Member]
Business Acquisition [Line Items]
Total Purchase Price	198
Sanctuary Beach Resort, Marina, CA [Member] | Land [Member]
Business Acquisition [Line Items]
Total Purchase Price	20,014
Sanctuary Beach Resort, Marina, CA [Member] | Building and Improvements [Member]
Business Acquisition [Line Items]
Total Purchase Price	17,093
Sanctuary Beach Resort, Marina, CA [Member] | Furniture, Fixtures And Equipment [Member]
Business Acquisition [Line Items]
Total Purchase Price	$ 2,369
Hilton Garden Inn M Street, Washington, DC [Member]
Business Acquisition [Line Items]
Acquisition Date	Mar. 9, 2016
Total Purchase Price	$ 106,597
Hilton Garden Inn M Street, Washington, DC [Member] | Other Intangibles [Member]
Business Acquisition [Line Items]
Total Purchase Price	874
Lease-in-place intangible asset	648
Intangible asset, advanced bookings	76
Intangible asset, franchise fees	150
Hilton Garden Inn M Street, Washington, DC [Member] | Land [Member]
Business Acquisition [Line Items]
Total Purchase Price	30,131
Hilton Garden Inn M Street, Washington, DC [Member] | Building and Improvements [Member]
Business Acquisition [Line Items]
Total Purchase Price	65,971
Hilton Garden Inn M Street, Washington, DC [Member] | Furniture, Fixtures And Equipment [Member]
Business Acquisition [Line Items]
Total Purchase Price	$ 9,621

Investment In Hotel Propertie35

Investment In Hotel Properties (Results of Operations for Hotels Acquired With 100% Interest) (Details) $ in Thousands	3 Months Ended
	Mar. 31, 2016USD ($)
Business Acquisition [Line Items]
Revenue	$ 2,132
Net Income	754
Sanctuary Beach Resort, Marina, CA [Member]
Business Acquisition [Line Items]
Revenue	902
Net Income	263
Hilton Garden Inn M Street, Washington, DC [Member]
Business Acquisition [Line Items]
Revenue	1,230
Net Income	$ 491

Investment In Hotel Propertie36

Investment In Hotel Properties (Assets Held For Sale ) (Details) $ in Thousands	Mar. 31, 2016USD ($)
Long Lived Assets Held-for-sale [Line Items]
Assets Held for Sale, Gross	$ 332,342
Less Accumulated Depreciation & Amortization	(67,558)
Assets Held for Sale	264,784
Liabilities Related To Assets Held for Sale	55,203
Land [Member]
Long Lived Assets Held-for-sale [Line Items]
Assets Held for Sale, Gross	65,916
Building and Improvements [Member]
Long Lived Assets Held-for-sale [Line Items]
Assets Held for Sale, Gross	236,830
Furniture, Fixtures And Equipment [Member]
Long Lived Assets Held-for-sale [Line Items]
Assets Held for Sale, Gross	$ 29,596

Investment In Hotel Propertie37

Investment In Hotel Properties (Condensed Pro Forma Financial Data) (Details) - USD ($) $ / shares in Units, $ in Thousands		3 Months Ended
		Mar. 31, 2016	Mar. 31, 2015
Investment In Hotel Properties [Abstract]
Pro Forma Total Revenues		$ 110,325	$ 100,833
Pro Forma Net Loss		(6,192)	(3,948)
Loss Allocated to Noncontrolling Interest		588	427
Preferred Distributions		(3,589)	(3,589)
Pro Forma Loss Applicable to Common Shareholders		$ (9,193)	$ (7,110)
Pro Forma Loss Applicable to Common Shareholders per Common Share: Basic		$ (0.21)	$ (0.14)
Pro Forma Loss Applicable to Common Shareholders per Common Share: Diluted		$ (0.21)	$ (0.14)
Weighted Average Common Shares Outstanding: Basic		44,379,327	49,582,790
Weighted Average Common Shares Outstanding: Diluted	[1]	44,379,327	49,582,790
[1]	Income (loss) allocated to noncontrolling interest in HHLP has been excluded from the numerator and Common Units and Vested LTIP Units have been omitted from the denominator for the purpose of computing diluted earnings per share since including these amounts in the numerator and denominator would have no impact. In addition, potentially dilutive common shares, if any, have been excluded from the denominator if they are anti-dilutive to income (loss) from continuing operations applicable to common shareholders.

Investment In Unconsolidated 38

Investment In Unconsolidated Joint Ventures (Investment In Unconsolidated Joint Ventures) (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2016	Dec. 31, 2015
Investments in Unconsolidated Joint Ventures [Line Items]
Investment in unconsolidated joint ventures	$ 9,853	$ 10,316
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	$ 656	795
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	$ 4,256	4,499
Mystic Partners, LLC [Member] | Hilton And Marriott Branded Hotels In CT [Member]
Investments in Unconsolidated Joint Ventures [Line Items]
Preferred Return	8.50%
Investment in unconsolidated joint ventures	$ 4,941	$ 5,022
Mystic Partners, LLC [Member] | Hilton And Marriott Branded Hotels In CT [Member] | Minimum [Member]
Investments in Unconsolidated Joint Ventures [Line Items]
Percent Owned	8.80%
Mystic Partners, LLC [Member] | Hilton And Marriott Branded Hotels In CT [Member] | Maximum [Member]
Investments in Unconsolidated Joint Ventures [Line Items]
Percent Owned	66.70%

Investment In Unconsolidated 39

Investment In Unconsolidated Joint Ventures (Income Or Loss From Unconsolidated Joint Ventures) (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Investments in Unconsolidated Joint Ventures [Line Items]
Income (Loss) from Unconsolidated Joint Ventures	$ (214)	$ (274)
Loss from Unconsolidated Joint Venture Investments	(214)	(274)
SB Partners, LLC [Member]
Investments in Unconsolidated Joint Ventures [Line Items]
Income (Loss) from Unconsolidated Joint Ventures	(39)	(90)
Hiren Boston, LLC [Member]
Investments in Unconsolidated Joint Ventures [Line Items]
Income (Loss) from Unconsolidated Joint Ventures	(93)	(109)
Mystic Partners, LLC [Member]
Investments in Unconsolidated Joint Ventures [Line Items]
Income (Loss) from Unconsolidated Joint Ventures	$ (82)	$ (75)

Investment In Unconsolidated 40

Investment In Unconsolidated Joint Ventures (Summary Financial Information Related To Unconsolidated Joint Ventures) (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015	Dec. 31, 2015
Assets [Abstract]
Investment in hotel properties, net	$ 105,229		$ 105,354
Other Assets	14,723		15,558
Total Assets	119,952		120,912
Liabilities and Equity [Abstract]
Mortgages and notes payable	112,612		113,532
Other liabilities	32,413		30,575
Equity [Abstract]
Hersha Hospitality Trust	22,354		22,698
Joint Venture Partner(s)	(47,427)		(45,893)
Total Equity	(25,073)		(23,195)
Total Liabilities and Equity	119,952		$ 120,912
Statements of Operations [Abstract]
Room Revenue	12,380	$ 12,682
Other Revenue	4,702	5,069
Operating Expenses	(12,884)	(13,193)
Lease Expense	(305)	(276)
Property Taxes and Insurance	(761)	(755)
General and Administrative	(1,232)	(1,406)
Depreciation and Amortization	(1,673)	(1,566)
Interest Expense	(1,606)	(1,622)
Gain/(Loss) allocated to Noncontrolling Interests	33	(24)
Net Loss	$ (1,346)	$ (1,091)

Investment In Unconsolidated 41

Investment In Unconsolidated Joint Ventures (Reconciliation Of Share In Unconsolidated Joint Ventures' Equity In Investment In Unconsolidated Joint Ventures) (Details) - USD ($) $ in Thousands	Mar. 31, 2016	Dec. 31, 2015
Investment In Unconsolidated Joint Ventures [Abstract]
Company's share of equity recorded on the joint ventures' financial statements	$ 22,354	$ 22,698
Adjustment to reconcile the Company's share of equity recorded on the joint ventures' financial statements to our investment in unconsolidated joint ventures	(12,501)	(12,382)
Investment in Unconsolidated Joint Ventures	$ 9,853	$ 10,316

Other Assets (Narrative) (Detai

Other Assets (Narrative) (Details) - USD ($)	Mar. 31, 2016	Dec. 31, 2015
Other Assets [Abstract]
Deferred Tax Assets, Net	$ 14,590,000	$ 14,590,000
Interest bearing deposits related to acquisition of other hotel properties	$ 0	$ 5,000,000

Other Assets (Other Assets) (De

Other Assets (Other Assets) (Details) - USD ($) $ in Thousands	Mar. 31, 2016	Dec. 31, 2015
Other Assets [Abstract]
Investment in Statutory Trusts	$ 1,548	$ 1,548
Prepaid Expenses	10,188	14,434
Deferred Tax Asset, Net of Valuation Allowance of $804	14,590	14,590
Other	9,803	9,386
Total Other Assets	36,129	39,958
Valuation allowance	$ 804	$ 804

Debt (Mortgages Narrative) (Det

Debt (Mortgages Narrative) (Details) $ in Thousands	3 Months Ended
	Mar. 31, 2016USD ($)property	Mar. 31, 2015USD ($)	Dec. 31, 2015USD ($)
Mortgages and Notes Payable [Abstract]
Liabilities related to assets held for sale	$ 55,203
Mortgages [Member]
Mortgages and Notes Payable [Abstract]
Mortgage Indebtedness	496,063		$ 545,036
Net Unamortized Premium	3,208		3,503
Net Unamortized Deferred Financing Costs	(3,667)		(3,880)
Liabilities related to assets held for sale	55,203
Mortgages payable	$ 495,604		$ 544,659
Interest rate range, minimum (in hundredths)	2.69%
Interest rate range, maximum (in hundredths)	6.50%
Number Of Properties With Unmet Debt Service Coverage Ratio Covenants | property	2
Interest expense	$ 6,271	$ 7,140
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 March 31, 2016. Pursuant to these loan agreements, the lender has elected to escrow the operating cash flow for a number of these properties. However, these covenants do not constitute an event of default for these loan agreements.
Maturity date range, start	May 1, 2016
Maturity date range, end	Feb. 1, 2024

Debt (Subordinated Notes Payabl

Debt (Subordinated Notes Payable Narrative) (Details) - Junior Subordinated Debt [Member] $ in Thousands	3 Months Ended
	Mar. 31, 2016USD ($)loan	Mar. 31, 2015USD ($)	Dec. 31, 2015USD ($)
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
Net Unamortized Deferred Financing Costs	$ 1,010		$ 1,023
Debt instrument, interest rate during period (in hundredths)	3.56%	3.25%
Interest expense	$ 459	$ 419
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)	3 Months Ended
	Mar. 31, 2016USD ($)	Mar. 31, 2015USD ($)	Dec. 31, 2015USD ($)
Revolving Line of Credit [Abstract]
Outstanding borrowings on term loans	$ 547,829,000		$ 547,780,000
Line of Credit	178,550,000		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 facility covenant maximum annual distributions (in hundredths)	95.00%
Line of credit facility covenant maximum leverage ratio (in hundredths)	60.00%
Interest Rate Swap [Member]
Revolving Line of Credit [Abstract]
Notional amount	$ 150,000,000
Minimum [Member]
Revolving Line of Credit [Abstract]
Line of credit facility covenant fixed charge coverage ratio	1.50
Maximum [Member]
Revolving Line of Credit [Abstract]
Line of credit facility covenant maximum secured debt leverage ratio (in hundredths)	45.00%
$300 Million Senior Unsecured Term Loan Agreement ("Second Term Loan")[Member]
Revolving Line of Credit [Abstract]
Debt instrument, face amount	$ 300,000,000
Maturity date	Aug. 10, 2020
$300 Million Senior Unsecured Term Loan Agreement ("Second Term Loan")[Member] | Minimum [Member]
Revolving Line of Credit [Abstract]
Basis spread on variable rate (in hundredths)	1.50%
$300 Million Senior Unsecured Term Loan Agreement ("Second Term Loan")[Member] | Maximum [Member]
Revolving Line of Credit [Abstract]
Basis spread on variable rate (in hundredths)	2.25%
$500 Million Senior Unsecured Credit Agreement ("Credit Facility") [Member]
Revolving Line of Credit [Abstract]
Revolving line of credit, current borrowing capacity	$ 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
Line of credit, remaining borrowing capacity	$ 68,160,000
$250 Million Senior Unsecured Revolving Line Of Credit ("Line of Credit") [Member]
Revolving Line of Credit [Abstract]
Line of Credit	$ 178,550,000		27,000,000
$250 Million Senior Unsecured Revolving Line Of Credit ("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 ("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 ("First Term Loan") [Member]
Revolving Line of Credit [Abstract]
Revolving line of credit, current borrowing capacity	$ 250,000,000
$250 Million Unsecured Term Loan ("First Term Loan") [Member] | Minimum [Member]
Revolving Line of Credit [Abstract]
Basis spread on variable rate (in hundredths)	1.60%
Fixed interest rate	2.914%
$250 Million Unsecured Term Loan ("First Term Loan") [Member] | Maximum [Member]
Revolving Line of Credit [Abstract]
Basis spread on variable rate (in hundredths)	2.35%
Revolving Line Of Credit [Member]
Revolving Line of Credit [Abstract]
Revolving line of credit, current borrowing capacity	$ 250,000,000
Description of variable rate basis	one month U.S. LIBOR
Line of credit, financial covenant terms	The Credit Facility and the Second Term Loan agreements include certain financial covenants and require that we maintain: (1) a minimum tangible net worth (calculated as total assets, plus accumulated depreciation, less total liabilities, intangibles and other defined adjustments) 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 1.50 to 1.00;· a maximum leverage ratio of not more than 60%; and· a maximum secured debt leverage ratio of 45%.The Company is in compliance with each of the covenants listed above as of March 31, 2016.
Interest Expense, on credit facilities	$ 4,480,000	$ 1,742,000
Line of credit, weighted average interest rate (in hundredths)	2.80%	2.78%
$500 Million Senior Unsecured Credit Agreement And $300 Million Senior Unsecured Term Loan Agreement [Member]
Revolving Line of Credit [Abstract]
Net Unamortized Deferred Financing Costs	$ 2,171,000		$ 2,220,000

Debt (Summary Of The Balances O

Debt (Summary Of The Balances Outstanding And Interest Rate Spread) (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2016	Dec. 31, 2015
Outstanding Balance, Line of credit	$ 178,550	$ 27,000
$250 Million Senior Unsecured Revolving Line Of Credit ("Line of Credit") [Member]
Outstanding Balance, Line of credit	178,550	27,000
$250 Million Unsecured Term Loan ("First Term Loan") [Member]
Outstanding Balance, term loans	250,000	250,000
$300 Million Senior Unsecured Term Loan Agreement ("Second Term Loan")[Member]
Outstanding Balance, term loans	$ 300,000	$ 300,000
Minimum [Member] | $250 Million Senior Unsecured Revolving Line Of Credit ("Line of Credit") [Member]
Basis spread on variable rate (in hundredths)	1.70%
Minimum [Member] | $250 Million Unsecured Term Loan ("First Term Loan") [Member]
Basis spread on variable rate (in hundredths)	1.60%
Minimum [Member] | $300 Million Senior Unsecured Term Loan Agreement ("Second Term Loan")[Member]
Basis spread on variable rate (in hundredths)	1.50%
Maximum [Member] | $250 Million Senior Unsecured Revolving Line Of Credit ("Line of Credit") [Member]
Basis spread on variable rate (in hundredths)	2.45%
Maximum [Member] | $250 Million Unsecured Term Loan ("First Term Loan") [Member]
Basis spread on variable rate (in hundredths)	2.35%
Maximum [Member] | $300 Million Senior Unsecured Term Loan Agreement ("Second Term Loan")[Member]
Basis spread on variable rate (in hundredths)	2.25%

Debt (Capitalized Interest, Def

Debt (Capitalized Interest, Deferred Financing Costs and Debt Payoff Narrative) (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Debt [Abstract]
Amortization of deferred costs	$ 660	$ 719
Unamortized deferred costs and defeasance premiums expensed	$ 42

Debt (New Debt_Refinance Narrat

Debt (New Debt/Refinance Narrative) (Details) $ in Thousands	3 Months Ended
	Mar. 31, 2016USD ($)
New Debt/Refinance [Abstract]
Unamortized deferred costs and defeasance premiums expensed	$ 42
Hawthorn Suites, Franklin, MA [Member]
New Debt/Refinance [Abstract]
Mortgage loan extinguishment	8,500
Unamortized deferred costs and defeasance premiums expensed	$ 42

Commitments And Contingencies50

Commitments And Contingencies And Related Party Transactions (Narrative) (Details) - USD ($)	3 Months Ended		12 Months Ended
	Mar. 31, 2016	Mar. 31, 2015	Dec. 31, 2015
Management Agreements [Abstract]
Term of management agreements with HHMLP	5 years
Base management fee as percentage of gross revenues (in hundredths)	3.00%
Base management fees incurred	$ 3,025,000	$ 2,670,000
Franchise Agreements [Abstract]
Terms of franchise agreements, minimum	10 years
Terms of franchise agreements, maximum	20 years
Franchise fee expense	$ 5,895,000	5,590,000
Accounting and Information Technology Fees [Abstract]
Monthly fees for accounting services per property for hotels managed by HHMLP, minimum	2,000
Monthly fees for accounting services per property for hotels managed by HHMLP, maximum	3,000
Monthly information technology fees per property for hotels managed by HHMLP, minimum	1,000
Monthly information technology fees per property for hotels managed by HHMLP, maximum	2,000
Accounting fees	392,000	360,000
Information technology fees	$ 141,000	106,000
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	$ 447,000	147,000
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	$ 21,000	23,000
Charges for capital expenditure purchases	882,000	1,360,000
Capital expenditures included in accounts payable	2,000		$ 3,000
Due From Related Parties [Abstract]
Due from related parties	6,286,000		6,243,000
Due to Related Parties [Abstract]
Due to related parties	3,844,000		$ 8,789,000
Hotel Ground Rent [Abstract]
Rent expense related to ground leases	$ 893,000	$ 728,000

Fair Value Measurements And D51

Fair Value Measurements And Derivative Instruments (Narrative) (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015	Dec. 31, 2015
Derivatives, Fair Value [Line Items]
Unrealized gain (loss) recognized in accumulated other comprehensive income	$ (237)	$ (556)
Unrealized gain (loss) reclassified from accumulated other comprehensive income to interest expense	(179)	$ 339
Gain (loss) to be reclassified to interest expense during next 12 months	334
Carrying (Reported) Amount, Fair Value Disclosure [Member]
Derivatives, Fair Value [Line Items]
Carrying value and estimated fair value of debt	1,327,724		$ 1,169,377
Estimate of Fair Value, Fair Value Disclosure [Member]
Derivatives, Fair Value [Line Items]
Carrying value and estimated fair value of debt	$ 1,328,508		$ 1,170,901

Fair Value Measurements And D52

Fair Value Measurements And Derivative Instruments (Fair Value Of Interest Rate Swaps And Caps) (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2016	Dec. 31, 2015
Derivatives, Fair Value [Line Items]
Estimated Fair Value	$ (254)	$ 21
Interest Rate Cap [Member] | Courtyard, LA Westside, Culver City, CA [Member]
Derivatives, Fair Value [Line Items]
Strike Rate	3.00%
Index: Variable interest rate basis	3.00%
Effective Date	Oct. 27, 2015
Maturity Date	Sep. 29, 2017
Notional amount	$ 35,000
Estimated Fair Value	$ 16	19
Interest Rate Cap [Member] | Hyatt Union Square, New York, NY [Member]
Derivatives, Fair Value [Line Items]
Strike Rate	3.00%
Index: Variable interest rate basis	2.30%
Effective Date	Jun. 10, 2015
Maturity Date	Jun. 10, 2019
Notional amount	$ 55,750
Estimated Fair Value	$ 45	136
Interest Rate Cap [Member] | Refinanced Hyatt Union Square, New York, NY [Member]
Derivatives, Fair Value [Line Items]
Strike Rate	2.00%
Index: Variable interest rate basis	4.19%
Effective Date	Apr. 9, 2013
Maturity Date	Apr. 9, 2016
Notional amount	$ 55,000
Interest Rate Swap [Member]
Derivatives, Fair Value [Line Items]
Notional amount	$ 150,000
Interest Rate Swap [Member] | Unsecured Term Loan [Member]
Derivatives, Fair Value [Line Items]
Strike Rate	0.545%
Index: Variable interest rate basis	2.35%
Effective Date	Nov. 5, 2012
Maturity Date	Nov. 5, 2016
Notional amount	$ 100,000
Estimated Fair Value	$ (20)	84
Interest Rate Swap [Member] | Unsecured Term Loan II [Member]
Derivatives, Fair Value [Line Items]
Strike Rate	0.60%
Index: Variable interest rate basis	2.35%
Effective Date	Dec. 18, 2012
Maturity Date	Nov. 5, 2016
Notional amount	$ 50,000
Estimated Fair Value	$ (27)	18
Interest Rate Swap [Member] | Duane Street Hotel, New York, NY [Member]
Derivatives, Fair Value [Line Items]
Strike Rate	0.933%
Index: Variable interest rate basis	4.50%
Effective Date	Feb. 1, 2014
Maturity Date	Feb. 1, 2017
Notional amount	$ 9,119
Estimated Fair Value	$ (29)	(21)
Interest Rate Swap [Member] | Hilton Garden Inn 52nd Street, New York, NY [Member]
Derivatives, Fair Value [Line Items]
Strike Rate	1.152%
Index: Variable interest rate basis	2.90%
Effective Date	Jun. 1, 2015
Maturity Date	Feb. 21, 2017
Notional amount	$ 45,000
Estimated Fair Value	$ (239)	$ (215)

Share Based Payments (Narrative

Share Based Payments (Narrative) (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015	Dec. 31, 2015
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
LTIP Unit Issuance (in shares)	0
Stock based compensation expense	$ 2,406	$ 1,539
Unearned Compensation	$ 3,774		$ 2,484
Shares Issued (in shares)	655,120
Shares Vested (in shares)	280,553		234,706
Annual Long Term Equity Incentive Programs [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock based compensation expense	$ 1,411	1,195
Unearned Compensation	3,774		$ 2,484
2016 Multi-Year Long Term Equity Incentive Program (“2016 Multi-Year EIP”) [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock based compensation expense	$ 0	23
Terms of Share-based payment awards	On March 17, 2016, the Compensation Committee approved the 2016 Multi-Year Long Term Equity Incentive Program ("2016 Multi-Year EIP"). This program has a three-year performance period which commenced on January 1, 2016 and ends December 31, 2018. As of March 31, 2016, no shares or LTIP Units have been issued to the executive officers in settlement of 2016 Multi-Year EIP awards. Stock based compensation expense for the three months ended March 31, 2016 and 2015 was $0 and $23, respectively.
Multi-Year LTIP [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock based compensation expense	$ 841	167
Unearned Compensation	$ 1,486		1,548
Shareholders return as percentage of award for achievement level one (in hundredths)	37.50%
Shareholders return as percentage of award for achievement level two (in hundredths)	37.50%
Shareholders return as percentage of award for achievement level three (in hundredths)	25.00%
Shares Issued (in shares)	110,849
Shares Vested (in shares)	55,424
Multi-year LTIP Trustee [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock based compensation expense	$ 15	15
Unearned Compensation	$ 104		$ 67
Shares Vested (in shares)	3,005		3,005
Percentage premium on retainer equity option (in hundredths)	25.00%
Restricted Common Shares [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock based compensation expense	$ 122	88
Restricted Share Awards [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unearned Compensation	$ 499		$ 491
Shares Issued (in shares)	66,753
Shares Vested (in shares)	30,863		30,863
Non-employees [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock based compensation expense	$ 17	$ 51
Unearned Compensation	$ 248		$ 90
Shares Issued (in shares)	14,938
Shares Vested (in shares)	3,762		3,762

Share Based Payments (Summary O

Share Based Payments (Summary Of Unvested Share Awards Issued To Executives And Employees) (Details) - USD ($)	3 Months Ended
	Mar. 31, 2016	Dec. 31, 2015
Unvested Share Awards [Abstract]
Shares Issued (in shares)	655,120
Shares Vested (in shares)	280,553	234,706
Unearned Compensation	$ 3,774,000	$ 2,484,000
Issued 12-23-2014 [Member]
Unvested Share Awards [Abstract]
Shares Issued (in shares)	258,899
Vesting Period	5 years
Shares Vested (in shares)	86,299	86,299
Unearned Compensation	$ 1,279,000	$ 1,553,000
Restricted Share Awards [Member]
Unvested Share Awards [Abstract]
Shares Issued (in shares)	66,753
Shares Vested (in shares)	30,863	30,863
Unearned Compensation	$ 499,000	$ 491,000
Restricted Share Awards [Member] | Issued 12-23-2014 [Member]
Unvested Share Awards [Abstract]
Vesting Schedule (in hundredths)	33.00%
Restricted Share Awards [Member] | Original Year Of Issuance Date 2016 [Member]
Unvested Share Awards [Abstract]
Shares Issued (in shares)	6,261
Share Price on date of grant (in dollars per share)	$ 21.11
Vesting Period	2 years
Vesting Schedule (in hundredths)	50.00%
Unearned Compensation	$ 132,000
Restricted Share Awards [Member] | Original Year Of Issuance Date 2015 [Member]
Unvested Share Awards [Abstract]
Shares Issued (in shares)	23,492
Shares Vested (in shares)	600	600
Unearned Compensation	$ 339,000	$ 419,000
Restricted Share Awards [Member] | Original Year Of Issuance Date 2014 [Member]
Unvested Share Awards [Abstract]
Shares Issued (in shares)	11,455
Vesting Period	2 years
Vesting Schedule (in hundredths)	50.00%
Shares Vested (in shares)	6,619	6,619
Unearned Compensation	$ 21,000	$ 54,000
Restricted Share Awards [Member] | Original Year Of Issuance Date 2013 [Member]
Unvested Share Awards [Abstract]
Shares Issued (in shares)	11,899
Share Price on date of grant (in dollars per share)	$ 22.56
Shares Vested (in shares)	11,199	11,199
Unearned Compensation	$ 3,000	$ 7,000
Restricted Share Awards [Member] | Original Year Of Issuance Date 2012 [Member]
Unvested Share Awards [Abstract]
Shares Issued (in shares)	13,646
Share Price on date of grant (in dollars per share)	$ 21.12
Shares Vested (in shares)	12,445	12,445
Unearned Compensation	$ 4,000	$ 11,000
Minimum [Member] | Restricted Share Awards [Member] | Original Year Of Issuance Date 2015 [Member]
Unvested Share Awards [Abstract]
Share Price on date of grant (in dollars per share)	$ 21.76
Vesting Period	2 years
Vesting Schedule (in hundredths)	25.00%
Minimum [Member] | Restricted Share Awards [Member] | Original Year Of Issuance Date 2014 [Member]
Unvested Share Awards [Abstract]
Share Price on date of grant (in dollars per share)	$ 26
Minimum [Member] | Restricted Share Awards [Member] | Original Year Of Issuance Date 2013 [Member]
Unvested Share Awards [Abstract]
Vesting Period	2 years
Vesting Schedule (in hundredths)	25.00%
Minimum [Member] | Restricted Share Awards [Member] | Original Year Of Issuance Date 2012 [Member]
Unvested Share Awards [Abstract]
Vesting Period	2 years
Vesting Schedule (in hundredths)	25.00%
Maximum [Member] | Restricted Share Awards [Member] | Original Year Of Issuance Date 2015 [Member]
Unvested Share Awards [Abstract]
Share Price on date of grant (in dollars per share)	$ 28.09
Vesting Period	4 years
Vesting Schedule (in hundredths)	50.00%
Maximum [Member] | Restricted Share Awards [Member] | Original Year Of Issuance Date 2014 [Member]
Unvested Share Awards [Abstract]
Share Price on date of grant (in dollars per share)	$ 27
Maximum [Member] | Restricted Share Awards [Member] | Original Year Of Issuance Date 2013 [Member]
Unvested Share Awards [Abstract]
Vesting Period	4 years
Vesting Schedule (in hundredths)	50.00%
Maximum [Member] | Restricted Share Awards [Member] | Original Year Of Issuance Date 2012 [Member]
Unvested Share Awards [Abstract]
Vesting Period	4 years
Vesting Schedule (in hundredths)	50.00%
2015 Annual Long Term Equity Incentive Program (“2015 Annual EIP”) [Member] | Issued 03-30-2016 [Member]
Unvested Share Awards [Abstract]
Shares Issued (in shares)	183,396
Vesting Period	3 years
Vesting Schedule (in hundredths)	25.00%
Shares Vested (in shares)	45,847
Unearned Compensation	$ 1,741,000
2014 Annual Long Term Equity Incentive Program (“2014 Annual EIP”) [Member] | Issued 03-30-2015 [Member]
Unvested Share Awards [Abstract]
Shares Issued (in shares)	128,832
Vesting Period	3 years
Vesting Schedule (in hundredths)	25.00%
Shares Vested (in shares)	64,415	64,415
Unearned Compensation	$ 624,000	$ 758,000
2013 Annual Long Term Equity Incentive Program (“2013 Annual EIP”) [Member] | Issued 12-23-2014 [Member]
Unvested Share Awards [Abstract]
Shares Issued (in shares)	83,993
Vesting Period	3 years
Vesting Schedule (in hundredths)	25.00%
Shares Vested (in shares)	83,992	83,992
Unearned Compensation	$ 130,000	$ 173,000
Approved aggregate number of LTIP units to certain officers		487,081
2015 Multi-Year Long Term Equity Incentive Program (“2015 Multi-Year EIP”) [Member] | Compensation Committee Approval Date March 18, 2015 [Member]
Unvested Share Awards [Abstract]
Performance Period	1/1/2015 to 12/31/2017
Unearned Compensation	$ 546,000	$ 596,000
2014 Multi-Year Long Term Equity Incentive Program (“2014 Multi-Year EIP”) [Member] | Compensation Committee Approval Date April 11, 2014 [Member]
Unvested Share Awards [Abstract]
Performance Period	1/1/2014 to 12/31/2016
Unearned Compensation	$ 495,000	567,000
2013 Multi-Year Long Term Equity Incentive Program (“2013 Multi-Year EIP”) [Member] | Compensation Committee Approval Date April 15, 2013 [Member]
Unvested Share Awards [Abstract]
Shares Issued (in shares)	110,849
LTIP Issuance Date	Mar. 30, 2016
Performance Period	1/1/2013 to 12/31/2015
Shares Vested (in shares)	55,424
Unearned Compensation	$ 445,000	385,000
Multi-Year LTIP [Member]
Unvested Share Awards [Abstract]
Shares Issued (in shares)	110,849
Shares Vested (in shares)	55,424
Unearned Compensation	$ 1,486,000	$ 1,548,000
Multi-year LTIP Trustee [Member]
Unvested Share Awards [Abstract]
Shares Vested (in shares)	3,005	3,005
Unearned Compensation	$ 104,000	$ 67,000
Multi-year LTIP Trustee [Member] | Issued 03-30-2016 [Member]
Unvested Share Awards [Abstract]
Shares Issued (in shares)	2,500
Vesting Period	3 years
Vesting Schedule (in hundredths)	33.00%
Unearned Compensation	$ 48,000

Share Based Payments (Summary55

Share Based Payments (Summary Of Unvested Share Awards Issued To Trustees) (Details) - USD ($)	3 Months Ended
	Mar. 31, 2016	Dec. 31, 2015
Unvested Share Awards [Abstract]
Shares Issued (in shares)	655,120
Shares Vested (in shares)	280,553	234,706
Unearned Compensation	$ 3,774,000	$ 2,484,000
Annual Retainer [Member] | Issued 03-30-2016 [Member]
Unvested Share Awards [Abstract]
Shares Issued (in shares)	5,289
Share Price on date of grant (in dollars per share)	$ 21.11
Vesting Period	1 year
Vesting Schedule (in hundredths)	100.00%
Unearned Compensation	$ 112,000
Multi-year LTIP Trustee [Member]
Unvested Share Awards [Abstract]
Shares Vested (in shares)	3,005	3,005
Unearned Compensation	$ 104,000	$ 67,000
Multi-year LTIP Trustee [Member] | Issued 03-30-2016 [Member]
Unvested Share Awards [Abstract]
Shares Issued (in shares)	2,500
Vesting Period	3 years
Vesting Schedule (in hundredths)	33.00%
Unearned Compensation	$ 48,000
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	835
Unearned Compensation	$ 42,000	$ 48,000
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	2,170
Unearned Compensation	$ 14,000	$ 19,000

Share Based Payments (Summary56

Share Based Payments (Summary Of Unvested Share Awards Issued To Nonemployees) (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended
	Mar. 31, 2016	Dec. 31, 2015
Unvested Share Awards [Abstract]
Shares Issued (in shares)	655,120
Shares Vested (in shares)	280,553	234,706
Unearned Compensation	$ 3,774	$ 2,484
Non-employees [Member]
Unvested Share Awards [Abstract]
Shares Issued (in shares)	14,938
Shares Vested (in shares)	3,762	3,762
Unearned Compensation	$ 248	$ 90
Non-employees [Member] | Issued 03-30-2016 [Member]
Unvested Share Awards [Abstract]
Shares Issued (in shares)	7,500
Share Price on date of grant (in dollars per share)	$ 21.11
Vesting Period	2 years
Vesting Schedule (in hundredths)	50.00%
Unearned Compensation	$ 158
Non-employees [Member] | Issued 03-27-2015 [Member]
Unvested Share Awards [Abstract]
Shares Issued (in shares)	7,438
Share Price on date of grant (in dollars per share)	$ 25.88
Vesting Period	2 years
Vesting Schedule (in hundredths)	50.00%
Shares Vested (in shares)	3,762	3,762
Unearned Compensation	$ 90	$ 90

Earnings Per Share (Reconciliat

Earnings Per Share (Reconciliation Of Earnings Per Share) (Details) - USD ($) $ in Thousands		3 Months Ended
		Mar. 31, 2016	Mar. 31, 2015
BASIC AND DILUTED [Abstract]
Income from Continuing Operations		$ (8,419)	$ (4,389)
(Income) Loss from Continuing Operations allocated to Noncontrolling Interests		687	443
Distributions to Preferred Shareholders		(3,589)	(3,589)
Dividends Paid on Unvested Restricted Shares and LTIP Units		(144)	(141)
Income (Loss) from Continuing Operations attributable to Common Shareholders		$ (11,465)	$ (7,676)
Denominator [Abstract]
Weighted average number of common shares - basic (in shares)		44,379,327	49,582,790
Weighted average number of common shares - diluted (in shares)	[1]	44,379,327	49,582,790
[1]	Income (loss) allocated to noncontrolling interest in HHLP has been excluded from the numerator and Common Units and Vested LTIP Units have been omitted from the denominator for the purpose of computing diluted earnings per share since including these amounts in the numerator and denominator would have no impact. In addition, potentially dilutive common shares, if any, have been excluded from the denominator if they are anti-dilutive to income (loss) from continuing operations applicable to common shareholders.

Earnings Per Share (Potentially

Earnings Per Share (Potentially Dilutive Shares Excluded From The Denominator For The Purpose Of Computing Diluted Earnings Per Share) (Details) - shares	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Potentially Dilutive Securities Excluded from the Denominator	2,516,122	2,319,421
Unvested Stock Awards And LTIP Units Outstanding [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Potentially Dilutive Securities Excluded from the Denominator	51,878	202,129

Cash Flow Disclosures And Non59

Cash Flow Disclosures And Non Cash Investing And Financing Activities (Narrative) (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Cash Flow Disclosures And Non Cash Investing And Financing Activities [Abstract]
Interest paid	$ 11,495	$ 9,766

Cash Flow Disclosures And Non60

Cash Flow Disclosures And Non Cash Investing And Financing Activities (Non-cash Investing And Financing Activities) (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Non-cash Investing and Financing Activities [Abstract]
Common Shares issued as part of the Dividend Reinvestment Plan	$ 15	$ 15
Debt assumed, including premium	14,750
Deposit paid in prior period towards acquisition which closed in current period	5,000
Cash paid for income taxes	201
Accrued payables for fixed assets placed into service	$ 1,158