Hersha Hospitality Trust (HT) 10-Q 25 Jul 18 2018 Q2 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	6 Months Ended
	Jun. 30, 2018	Jul. 25, 2018
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 Type	10-Q
Document Period End Date	Jun. 30, 2018
Document Fiscal Year Focus	2,018
Document Fiscal Period Focus	Q2
Amendment Flag	false
Trading Symbol	ht
Class A Common Shares [Member]
Entity Common Stock, Shares Outstanding		39,380,154
Class B Common Shares [Member]
Entity Common Stock, Shares Outstanding		0

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Thousands	Jun. 30, 2018	Dec. 31, 2017
Assets:
Investment in Hotel Properties, Net of Accumulated Depreciation	$ 2,039,715	$ 2,009,572
Investment in Unconsolidated Joint Ventures	3,406	3,569
Cash and Cash Equivalents	46,869	17,945
Escrow Deposits	7,063	7,641
Hotel Accounts Receivable, Net of Allowance for Doubtful Accounts of $83 and $49	11,517	11,999
Due from Related Parties	4,949	5,322
Intangible Assets, Net of Accumulated Amortization of $7,273 and $6,598	15,844	16,388
Other Assets	48,357	49,913
Hotel Assets Held for Sale	0	15,987
Total Assets	2,177,720	2,138,336
Liabilities and Equity:
Line of Credit	26,000	16,100
Unsecured Term Loans, Net of Unamortized Deferred Financing Costs (Note 5)	697,826	715,449
Unsecured Notes Payable, Net of Unamortized Deferred Financing Costs (Note 5)	50,657	53,781
Mortgages Payable, Net of Unamortized Premium and Unamortized Deferred Financing Costs	334,664	307,683
Accounts Payable, Accrued Expenses and Other Liabilities	63,015	58,770
Dividends and Distributions Payable	17,117	17,115
Deferred Gain on Disposition of Hotel Assets	0	81,284
Total Liabilities	1,189,279	1,250,182
Redeemable Noncontrolling Interests - Consolidated Joint Venture (Note 1)	2,186	0
Shareholders' Equity:
Preferred Shares: $.01 Par Value, 29,000,000 Shares Authorized, 3,000,000 Series C, 7,701,700 Series D and 4,001,514 Series E Shares Issued and Outstanding at June 30, 2018 and 3,000,000 Series C, 7,701,700 Series D and 4,000,000 Series E Shares Issued and Outstanding at December 31, 2017, with Liquidation Preferences of $25 Per Share (Note 1)	147	147
Accumulated Other Comprehensive Income	7,769	3,749
Additional Paid-in Capital	1,156,604	1,164,946
Distributions in Excess of Net Income	(241,776)	(335,373)
Total Shareholders' Equity	923,138	833,868
Noncontrolling Interests (Note 1)	63,117	54,286
Total Equity	986,255	888,154
Total Liabilities and Equity	2,177,720	2,138,336
Class A Common Shares [Member]
Shareholders' Equity:
Common Shares	394	399
Class B Common Shares [Member]
Shareholders' Equity:
Common Shares	$ 0	$ 0

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Jun. 30, 2018	Dec. 31, 2017
Assets:
Hotel Accounts Receivable, Allowance for Doubtful Accounts	$ 83	$ 49
Intangible Assets, Accumulated Amortization	$ 7,273	$ 6,598
Shareholders' Equity:
Preferred Shares - Outstanding (in shares)	14,703,214	14,701,700
Series C, D and E 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 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
Series D Preferred Shares [Member]
Shareholders' Equity:
Preferred Shares - Issued (in shares)	7,701,700	7,701,700
Preferred Shares - Outstanding (in shares)	7,701,700	7,701,700
Series E Preferred Stock [Member]
Shareholders' Equity:
Preferred Shares - Issued (in shares)	4,001,514	4,000,000
Preferred Shares - Outstanding (in shares)	4,001,514	4,000,000
Class A Common Shares [Member]
Shareholders' Equity:
Common Shares - Par Value (in dollars per share)	$ 0.01	$ 0.01
Common Shares - Authorized (in shares)	104,000,000	104,000,000
Common Shares - Issued (in shares)	39,379,211	39,916,661
Common Shares - Outstanding (in shares)	39,379,211	39,916,661
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				6 Months Ended
	Jun. 30, 2018		Jun. 30, 2017		Jun. 30, 2018	Jun. 30, 2017
Revenue:
Room	$ 109,492		$ 114,461		$ 188,540	$ 205,230
Food & Beverage	17,001		15,010		30,539	25,746
Other Operating Revenues	7,269		7,545		14,198	13,992
Other Revenues	78		988		202	1,034
Total Revenues	133,840		138,004		233,479	246,002
Operating Expenses:
Room	22,945		23,749		42,301	45,053
Food & Beverage	13,331		11,856		25,182	21,413
Other Operating Expenses	40,383		40,917		75,958	77,323
Gain on Insurance Settlement	(6,363)		0		(6,363)	0
Hotel Ground Rent	1,349		894		2,277	1,701
Real Estate and Personal Property Taxes and Property Insurance	8,129		8,068		16,421	15,694
General and Administrative (including Share Based Payments of $3,123 and $2,527, and $4,729 and $3,956 for the three and six months ended June 30, 2018 and 2017, respectively)	7,585		6,598		12,674	11,223
Acquisition and Terminated Transaction Costs	2		1,124		2	1,824
Depreciation and Amortization	22,061		20,114		43,600	39,576
Total Operating Expenses	109,422		113,320		212,052	213,807
Operating Income	24,418		24,684		21,427	32,195
Interest Income	20		72		45	197
Interest Expense	(11,879)		(10,590)		(23,251)	(20,439)
Other Expense	(75)		(279)		(734)	(678)
Gain (Loss) on Disposition of Hotel Properties	(14)		70,852		3,403	89,583
Loss on Debt Extinguishment	0		0		(22)	(274)
Income Before Results from Unconsolidated Joint Venture Investments and Income Taxes	12,470		84,739		868	100,584
Income (Loss) from Unconsolidated Joint Ventures	537		711		336	(3,175)
Gain from Remeasurement of Investment in Unconsolidated Joint Venture	0		0		0	16,239
Income from Unconsolidated Joint Venture Investments	537		711		336	13,064
Income Before Income Taxes	13,007		85,450		1,204	113,648
Income Tax (Expense) Benefit	(1,170)		(662)		1,485	(2,905)
Net Income	11,837		84,788		2,689	110,743
Preferred Distributions	(6,043)		(6,042)		(12,087)	(12,084)
Net Income (Loss) Applicable to Common Shareholders	$ 6,494		$ 73,988		$ (7,594)	$ 92,720
BASIC
Income (Loss) from Continuing Operations Applicable to Common Shareholders (in dollars per share)	$ 0.16		$ 1.77		$ (0.20)	$ 2.22
DILUTED
Income (Loss) from Continuing Operations Applicable to Common Shareholders (in dollars per share)	$ 0.16		$ 1.75		$ (0.20)	$ 2.19
Weighted Average Common Shares Outstanding:
Basic (in shares)	39,246,946		41,737,044		39,440,481	41,727,056
Diluted (in shares)	39,926,099	[1]	42,207,841	[1]	39,440,481	42,201,126
Noncontrolling Interests Common Units And LTIP Units [Member]
Operating Expenses:
(Income) Loss Allocated to Noncontrolling Interests - Common Units	$ (500)		$ (4,758)		$ 604	$ (5,939)
Consolidated Joint Ventures [Member]
Operating Expenses:
(Income) Loss Allocated to Noncontrolling Interests - Common Units	$ 1,200		$ 0		$ 1,200	$ 0
[1]	Income allocated to noncontrolling interest in Hersha Hospitality Limited Partnership (the “Operating Partnership” or “HHLP”) has been excluded from the numerator and the Class A common shares issuable upon any redemption of the Operating Partnership’s common units of limited partnership interest (“Common Units”) and the Operating Partnership’s vested LTIP units (“Vested LTIP Units”) have been omitted from the denominator for the purpose of computing diluted earnings per share because the effect of including these shares and units in the numerator and denominator would have no impact. In addition, potentially dilutive common shares, if any, have been excluded from the denominator if they are anti-dilutive to income applicable to common shareholders.

Consolidated Statements Of Ope5

Consolidated Statements Of Operations (Parenthetical) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017
Antidilutive securities excluded from computation of earnings per share, Amount	3,173,266	2,715,951	3,790,858	2,673,739
Share based payments	$ 3,123	$ 2,527	$ 4,729	$ 3,956
Limited Partnership Common Units And Vested Ltip Units [Member]
Antidilutive securities excluded from computation of earnings per share, Amount	3,173,266	2,715,951	3,139,019	2,673,739
Stock Compensation Plan [Member]
Antidilutive securities excluded from computation of earnings per share, Amount	0		144,005
Contingently Issuable Shares [Member]
Antidilutive securities excluded from computation of earnings per share, Amount	0		507,834

Consolidated Statements Of Comp

Consolidated Statements Of Comprehensive Income - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017
Net Income	$ 11,837	$ 84,788	$ 2,689	$ 110,743
Other Comprehensive Income
Change in Fair Value of Derivative Instruments	1,452	(1,179)	5,359	(959)
Less: Reclassification Adjustment for Change in Fair Value of Derivative Instruments Included in Net Income	(745)	(130)	(1,019)	(280)
Total Other Comprehensive Income (Loss)	707	(1,309)	4,340	(1,239)
Comprehensive Income	12,544	83,479	7,029	109,504
Less: Preferred Distributions	(6,043)	(6,042)	(12,087)	(12,084)
Comprehensive Income (Loss) Attributable to Common Shareholders	7,148	76,320	(3,574)	91,555
Noncontrolling Interests Common Units And LTIP Units [Member]
Other Comprehensive Income
Less: Comprehensive Income Attributable to Noncontrolling Interests	(553)	(1,117)	284	$ (5,865)
Consolidated Joint Ventures [Member]
Other Comprehensive Income
Less: Comprehensive Income Attributable to Noncontrolling Interests	$ 1,200	$ 0	$ 1,200

Consolidated Statements Of Equi

Consolidated Statements Of Equity - USD ($) $ in Thousands	Total	Common Shares [Member]	Common Shares [Member]Class A Common Shares [Member]	Common Shares [Member]Class B Common Shares [Member]	Preferred Shares [Member]	Additional Paid-In Capital [Member]	Accumulated Other Comprehensive Income (Loss) [Member]	Distributions in Excess of Net Income [Member]	Total Shareholders' Equity [Member]	Noncontrolling Interests Common Units And LTIP Units [Member]	Noncontrolling Interest [Member]	Consolidated Joint Ventures [Member]
Balance at Dec. 31, 2016	$ 879,739		$ 418	$ 0	$ 147	$ 1,198,311	$ 1,373	$ (364,831)	$ 835,418	$ 44,321
Balance (in shares) at Dec. 31, 2016		41,770,514			14,700,000					2,838,546
Dividends and Distributions declared:
Common Shares	(23,412)							(23,412)	(23,412)
Preferred Shares	(12,084)							(12,084)	(12,084)
Common Units	(1,077)									$ (1,077)
LTIP Units	(840)									(840)
Dividend Reinvestment Plan	45					45			45
Dividend Reinvestment Plan (in shares)		2,410
Share Based Compensation:
Grants	484					(295)			(295)	$ 779
Grants (in shares)		42,560								183,784
Amortization	3,648					693			693	$ 2,955
Change in Fair Value of Derivative Instruments	(1,239)						(1,164)		(1,164)	(75)
Net Income (loss)	110,743							104,804	104,804	5,939
Balance at Jun. 30, 2017	956,007		418	0	$ 147	1,198,941	209	(295,523)	904,192	$ 51,815
Balance (in shares) at Jun. 30, 2017		41,827,466			14,700,000					3,010,348
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Cumulative Effect of Adoption of ASC 610-20	0
Balance at Dec. 31, 2017	$ 888,154		399	0	$ 147	1,164,946	3,749	(335,373)	833,868	$ 54,286	$ 888,154
Balance (in shares) at Dec. 31, 2017		39,916,661			14,701,700					3,223,366
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Unit Conversion						772			772	$ (772)	0
Unit Conversion (in shares)		45,932								(45,932)
Repurchase of Common Shares			(6)			(10,827)			(10,833)		(10,833)
Repurchase of Common Shares (in shares)	(635,590,000)	(635,590)
Preferred Shares, ATM Issuance, Net of Costs (in shares)					1,514
Preferred Shares ATM Issuance, Net of Costs						(115)			(115)		(115)
Dividends and Distributions declared:
Common Shares								(22,037)	(22,037)		(22,037)
Preferred Shares								(12,087)	(12,087)		(12,087)
Common Units										$ (1,174)	(1,174)
LTIP Units										(1,037)	(1,037)
Dividend Reinvestment Plan	$ 37					37			37		37
Dividend Reinvestment Plan (in shares)		2,162
Share Based Compensation:
Grants			1			734			735	$ 0	735
Grants (in shares)		50,046								589,106
Amortization						1,057			1,057	$ 6,305	7,362
Equity Contribution to Consolidated Joint Venture											3,386	$ 3,386
Change in Fair Value of Derivative Instruments							4,020		4,020	320	4,340
Net Income (loss)	2,689							4,493	4,493	(604)	3,889	(1,200)
Balance at Jun. 30, 2018	986,255		$ 394	$ 0	$ 147	$ 1,156,604	$ 7,769	$ (241,776)	$ 923,138	$ 63,117	$ 986,255	$ 2,186
Balance (in shares) at Jun. 30, 2018		39,379,211			14,703,214					3,766,540
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Cumulative Effect of Adoption of ASC 610-20	$ 129,021

Consolidated Statements Of Equ8

Consolidated Statements Of Equity (Parenthetical) - $ / shares	6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017
Dividends [Abstract]
Common Shares, Dividends declared (in dollars per share)	$ 0.56	$ 0.56
Common Units, Distributions declared (in dollars per share)	0.56	0.56
LTIP Units, Distribution Per Unit (in dollars per share)	$ 0.56	$ 0.56

Consolidated Statements Of Cash

Consolidated Statements Of Cash Flows - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017
Operating Activities:
Net Income	$ 2,689	$ 110,743
Adjustments to Reconcile Net (Loss) Income to Net Cash Provided by Operating Activities:
Gain on Disposition of Hotel Properties, Net	(3,403)	(89,583)
Gain from Remeasurement of Investment in Unconsolidated Joint Ventures	0	(16,239)
Gain on Insurance Settlement	(6,363)	0
Deferred Taxes	(1,485)	2,905
Depreciation	43,119	38,754
Amortization	1,415	1,769
Loss on Debt Extinguishment	22	274
Equity in (Income) Loss of Unconsolidated Joint Ventures	(336)	3,175
Distributions from Unconsolidated Joint Ventures	313	0
Loss Recognized on Change in Fair Value of Derivative Instrument	89	16
Share Based Compensation Expense	4,729	3,956
Proceeds received for business interruption insurance claims	7,183	0
(Increase) Decrease in:
Hotel Accounts Receivable	484	(510)
Other Assets	(4,124)	(157)
Due from Related Parties	373	12,002
(Decrease) Increase in:
Accounts Payable, Accrued Expenses and Other Liabilities	7,205	(383)
Net Cash Provided by Operating Activities	51,910	66,722
Investing Activities:
Purchase of Hotel Property Assets	(41,230)	(249,291)
Capital Expenditures	(38,359)	(22,015)
Cash Paid for Hotel Development Projects	(22,024)	(1,005)
Proceeds from Disposition of Hotel Properties	49,580	188,651
Proceeds from the Sale of Joint Venture Interests	0	11,623
Repayment of Notes Receivable	0	2,000
Proceeds from Insurance Claims	9,242	0
Distributions from Unconsolidated Joint Ventures	47,925	0
Net Cash Provided by (Used in) Investing Activities	5,134	(70,037)
Financing Activities:
Borrowings Under Line of Credit, Net	9,900	0
Proceeds of Unsecured Term Loan Borrowing	0	43,900
Repayment of Borrowings Under Unsecured Term Loan Borrowing	(18,000)	0
Proceeds of Mortgages and Notes Payable	28,000	0
Principal Repayment of Mortgages and Notes Payable	(851)	(121,852)
Cash Paid for Deferred Financing Costs	(409)	(426)
Cash Paid for Debt Extinguishment	0	(245)
Repurchase of Common Shares	(10,833)	0
Dividends Paid on Common Shares	(22,151)	(31,707)
Dividends Paid on Preferred Shares	(12,087)	(11,687)
Distributions Paid on Common Units and LTIP Units	(2,059)	(2,436)
Other Financing Activities	(208)	(51)
Net Cash Used in Financing Activities	(28,698)	(124,504)
Net Increase (Decrease) in Cash, Cash Equivalents, and Restricted Cash	28,346	(127,819)
Cash, Cash Equivalents, and Restricted Cash - Beginning of Period	25,586	194,637
Cash, Cash Equivalents, and Restricted Cash - End of Period	$ 53,932	$ 66,818

Basis Of Presentation

Basis Of Presentation	6 Months Ended
	Jun. 30, 2018
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Basis Of Presentation	BASIS OF PRESENTATION The accompanying unaudited consolidated financial statements of Hersha Hospitality Trust (“we,” “us,” “our” or the “Company”) have been prepared in accordance with U.S. generally accepted accounting principles (“US GAAP”) for interim financial information and with the general instructions to Form 10-Q and Rule 10-01 of Regulation S-X. Accordingly, they do not include all of the information and notes required by US GAAP for complete financial statements. In the opinion of management, all adjustments (consisting of normal recurring accruals), considered necessary for a fair presentation have been included. Operating results for the three and six months ended June 30, 2018 are not necessarily indicative of the results that may be expected for the year ending December 31, 2018 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, 2017 , which are included in the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2017 , 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” or “the Partnership”), for which we serve as the sole general partner. As of June 30, 2018 , we owned an approximate 91.2% partnership interest in HHLP, including a 1.0% general partnership interest. Principles of Consolidation and Presentation The accompanying consolidated financial statements have been prepared in accordance with US GAAP and include all of our accounts as well as accounts of the Partnership, subsidiary partnerships and our wholly owned Taxable REIT Subsidiary Lessee (“TRS Lessee”). All significant inter-company amounts have been eliminated. Consolidated properties are either wholly owned or owned less than 100% b y the Partnership and are controlled by the Company as general partner of the Partnership. Properties owned in joint ventures are also consolidated if the determination is made that we are the primary beneficiary in a variable interest entity (“VIE”) or we maintain control of the asset through our voting interest in the entity. Control can be demonstrated when the general partner has the power to impact the economic performance of the partnership, which includes the ability of the general partner to manage day-to-day operations, refinance debt and sell the assets of the partnerships without the consent of the limited partners and the inability of the limited partners to replace the general partner. Control can be demonstrated by the limited partners if the limited partners have the right to dissolve or liquidate the partnership or otherwise remove the general partner without cause or have rights to participate in the significant decisions made in the ordinary course of the partnership’s business. Variable Interest Entities We evaluate each of our investments and contractual relationships to determine whether they meet the guidelines for consolidation. Entities are consolidated if the determination is made that we are the primary beneficiary in a VIE or we maintain control of the asset through our voting interest or other rights in the operation of the entity. To determine if we are the primary beneficiary of a VIE, we evaluate whether we have a controlling financial interest in that VIE. An enterprise is deemed to have a controlling financial interest if it has i) the power to direct the activities of a variable interest entity that most significantly impact the entity’s economic performance, and ii) the obligation to absorb losses of the VIE that could be significant to the VIE or the rights to receive benefits from the VIE that could be significant to the VIE. Control can also be demonstrated by the ability of a member to manage day-to-day operations, refinance debt and sell the assets of the partnerships without the consent of the other member and the inability of the members to replace the managing member. Based on our examination, the following entities were determined to be VIEs: HHLP, Cindat Hersha Lessee JV, LLC; South Bay Boston, LLC; Hersha Holding RC Owner, LLC; Hersha Statutory Trust I; and Hersha Statutory Trust II. As noted, HHLP meets the criteria as a VIE. 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. Cindat Hersha Lessee JV, LLC is a VIE that leases hotel property. The entity is consolidated by the lessor, the primary beneficiary. Our maximum exposure to losses from our investment in Cindat Hersha Lessee JV, LLC is limited to our basis in the joint venture which is $0 as of June 30, 2018 . Also, South Bay Boston, LLC leases hotel property and is a VIE. This entity is consolidated by the lessor, the primary beneficiary of the entity. Hersha Holding RC Owner, LLC is the owner entity of the Ritz-Carlton Coconut Grove and is a VIE. HHLP is considered the primary beneficiary of the VIE and consolidates the joint venture with the minority owner interest presented as part of noncontrolling interest within the Consolidated Balance Sheets as of June 30, 2018. Hersha Statutory Trust I and Hersha Statutory Trust II (collectively “Hersha Statutory Trusts”) are VIEs but the Company is not the primary beneficiary in these entities. Accordingly, the accounts of Hersha Statutory Trust I and Hersha Statutory Trust II are not consolidated. Noncontrolling Interest We classify the noncontrolling interests of our common units of limited partnership interest in HHLP (“Common Units”), and Long Term Incentive Plan Units (“LTIP Units”) as equity. LTIP Units are a separate class of limited partnership interest in the Operating Partnership that are convertible into Common Units under certain circumstances. The noncontrolling interest of Common Units and LTIP Units totaled $63,117 as of June 30, 2018 and $54,286 as of December 31, 2017 . As of June 30, 2018 , there were 3,766,540 Common Units outstanding with a fair market value of $80,792 , 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 Common 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 and LTIP Units is included in net income or loss but excluded from net income or loss applicable to common shareholders in the consolidated statements of operations. On April 2, 2018, we entered into a joint venture with the party from which we acquired the Ritz-Carlton Coconut Grove, FL. By exercising an option provided to the seller in connection with our purchase of the property in 2017, our joint venture partner will have a noncontrolling equity interest of 15% in the property. Hersha Holding RC Owner, LLC, the owner entity of the Ritz-Carlton Coconut Grove joint venture ("Ritz Coconut Grove"), will distribute income based on cash available for distribution which will be distributed as follows: (1) us until we receive a cumulative return on our contributed senior common equity interest, currently at 8% , and (2) then to the owner of the noncontrolling interest until they receive a cumulative return on their contributed junior common equity interest, currently at 8% , and (3) then 75% to us and 25% to the owner of the noncontrolling interest until we both receive a cumulative return on our contributed senior common equity interest, currently at 12% , and (4) finally, any remaining operating profit shall be distributed 70% to us and 30% to the owner of the noncontrolling interest. Additionally, the noncontrolling interest in the Ritz Coconut Grove has the right to put their ownership interest to us for cash consideration at any time during the life of the venture. The balance sheet and financial results of the Ritz Coconut Grove are included in our consolidated financial statements and book value of the noncontrolling interest in the Ritz Coconut Grove is classified as temporary equity within our Consolidated Balance Sheet. The noncontrolling interest in the Ritz Coconut Grove was initially measured at fair value upon formation of the joint venture and will be subsequently measured at the greater of historical cost or the put option redemption value. For the three and six months ended June 30, 2018, based on the income allocation methodology described above, the noncontrolling interest in this joint venture was allocated losses of $1,200 and is recorded as part of the (Income) Loss Allocated to Noncontrolling Interests line item within the Consolidated Statements of Operations. Shareholders’ Equity Terms of the Series C, Series D, and Series E Preferred Shares outstanding at June 30, 2018 and December 31, 2017 are summarized as follows:  Dividend Per Share  Shares Outstanding Six Months Ended June 30, Series June 30, 2018 December 31, 2017 Aggregate Liquidation Preference Distribution Rate 2018 2017 Series C 3,000,000 3,000,000 $ 75,000 6.875 % $ 0.8594 $ 0.8594 Series D 7,701,700 7,701,700 $ 192,500 6.500 % $ 0.8126 0.8126 Series E 4,001,514 4,000,000 $ 100,038 6.500 % $ 0.8126 0.8126 Total 14,703,214 14,701,700 In December 2017, our Board of Trustees authorized us to repurchase from time to time up to an aggregate of $100,000 of our outstanding common shares. For the six months ended June 30, 2018, the Company repurchased 635,590 common shares for an aggregate purchase price of $10,833 . Upon repurchase by the Company, these common shares ceased to be outstanding and became authorized but unissued common shares. There is no guarantee that the Company will repurchase the entire aggregate value of shares authorized for repurchase prior to the program's expiration. The repurchase program will expire on December 31, 2018 , unless extended by our Board of Trustees, at their discretion. Revenue Recognition On May 28, 2014, the FASB issued ASU No. 2014-09, Revenue from Contracts with Customers , which is codified as ASC 606 and 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 replaced most existing revenue recognition guidance in U.S. GAAP. The Company has adopted the provisions of ASC 606 effective January 1, 2018, electing to utilize the modified retrospective transition method. The modified retrospective method allows for, among other things, a cumulative adjustment to opening equity upon adoption of the standard. The adoption of the provisions of ASC 606 was applied to contracts with customers using available practical expedients only for contracts with customers. The Company evaluated only those contracts with customers that did not meet the definition of a closed contract under the guidance of ASC 606 at the time of adoption. This approach resulted in no cumulative adjustment to opening equity for the Company as it relates to contracts with customers. The new revenue recognition model will not have a material impact on our hotel operating revenue, including room revenue, food and beverage, and other operating revenue. Our hotel operating revenue streams contain contracts with customers that, generally, are short-term by nature and the prior revenue recognition policies and procedures used by the Company do not initially result in different balances, allowing for comparability to historical financial data without adjustment. We recognize revenue for all consolidated hotels as hotel operating revenue when earned. Revenues are recorded net of any sales or occupancy tax collected from our guests. We participate in frequent guest programs sponsored by the brand owners of our hotels and we expense the charges associated with those programs, as incurred. Hotel operating revenues are disaggregated on the face of the consolidated statement of operations into the categories of rooms revenue, food and beverage revenue, and other to demonstrate how economic factors affect the nature, amount, timing, and uncertainty of revenue and cash flows. Room revenue is generated through contracts with customers whereby the customers agree to pay a daily rate for right to use a hotel room. The Company's contract performance obligations are fulfilled at the end of the day that the customer is provided the room and revenue is recognized daily at the contract rate. Payment from the customer is secured at the end of the contract upon check-out by the customer from our hotel. The Company records contract liabilities in the form of advanced deposits when a customer or group of customers provides a deposit for a future stay at our hotels. Advanced deposits for room revenue are included in the balance of Accounts Payable, Accrued Expenses and Other Liabilities on the consolidated balance sheet. Advanced deposits are recognized as revenue at the time of the guest's stay. The Company notes no significant judgements regarding the recognition of room revenue. Food and beverage revenue is generated through contracts with customers whereby the customer agrees to pay a contract rate for restaurant dining services or banquet services. The Company's contract performance obligations are fulfilled at the time that the meal is provided to the customer or when the banquet facilities and related dining amenities are provided to the customer. The Company recognizes food and beverage revenue upon the fulfillment of the contract with the customer. The Company records contract liabilities in the form of advanced deposits when a customer or group of customers provides a deposit for a future banquet event at our hotels. Advanced deposits for food and beverage revenue are included in the balance of Accounts Payable, Accrued Expenses and Other Liabilities on the consolidated balance sheet. Advanced deposits for banquet services are recognized as revenue following the completion of the banquet services. The Company notes no significant judgements regarding the recognition of food and beverage revenue. Gains from the sales of ownership interests in real estate are accounted for in accordance with the provisions of Subtopic 610-20, Other Income - Gains and Losses from the Derecognition of Nonfinancial Assets , which the Company adopted effective January 1, 2018. Our evaluation over sales of real estate is impacted by the FASB definition of a business and in substance nonfinancial assets, which have been addressed through the issuance of ASU No. 2017-01, Business Combinations (Topic 805): Clarifying the Definition of a Business, and ASU No. 2017-05, Other Income – Gains and Losses from the Derecognition of Nonfinancial Assets (Subtopic 610-20) , respectively. Based on the provisions of ASU No. 2017-01 and ASU No. 2017-05, the Company expects any future sales of interests in hotel properties to likely meet the criteria for full gain recognition on sale. This treatment is not different from our historical position when selling our entire interest in hotel properties, however, this is different than the historical treatment in certain instances where the Company sold partial interests in hotel properties. In particular, during 2016 the Company sold partial interests in seven hotel properties to a third party (“Cindat Sale”) resulting in an approximate $81 million deferred gain based on prevailing GAAP at the time of the transaction. The Company chose to adopt the provisions of ASC 610-20 for contracts with noncustomers for all contracts and chose not to utilize any available practical expedients as it pertains to contracts with noncustomers. Accordingly, the Company's analysis included all contracts with noncustomers related to the sales, either full or partial, of our interest in hotel properties. The Company noted no changes to the recognition of gains on sales in instances whereby the Company sold 100% of our interest. The Company noted, however, that the Cindat Sale, under the provisions of ASC 610-20, would have resulted in full gain recognition at the time of the partial sale of our interest in the seven hotel properties. The impact of our adoption of the new standard resulted in a cumulative adjustment to decrease the opening balance to distributions in excess of net income, thereby increasing total shareholders' equity by $123,228 and increase the opening balance of noncontrolling interests of $5,793 . The table below shows the cumulative effect our adoption of ASC 610-20 had on the opening balances of on our balance sheet on Janauary 1, 2018. Balance as Reported at December 31, 2017 Cumulative Effect of the Adoption of ASC 610-20 Balance at January 1, 2018, as Adjusted Investment in Unconsolidated Joint Ventures $ 3,569 $ 47,738 $ 51,307 Deferred Gain on Disposition of Hotel Assets 81,284 (81,284 ) — Distributions in Excess of Net Income (335,373 ) 123,228 (212,145 ) Noncontrolling Interests 54,286 5,793 60,079 The quantitative impact of applying the prior accounting policies would have resulted in an increase of $ 129,021 in the deferred gain on disposition of hotel assets, an increase of $ 123,228 in distributions in excess of net income thereby decreasing shareholders' equity, and a decrease of $ 5,793 in noncontrolling interests at June 30, 2018. The adoption of ASC 610-20 did not materially impact the balances in the Company's consolidated statement of operations or its consolidated statement of cash flows. New Accounting Pronouncements In June 2018, the FASB issued ASU No. 2018-07, Stock Compensation (Topic 718): Improvements to Nonemployee Share-Based Payment Accounting . The update will simplify several aspects of the accounting for nonemployee share-based payment transactions for acquiring goods and services from nonemployees. The amendments in this update affects all entities that enter into share-based payment transactions for acquiring goods and services from nonemployees. The provisions of the update will be effective for the Company starting January 1, 2019 with the early adoption available as early as the quarter ended June 30, 2018. We do not anticipate this update to have a material effect on our consolidated financial statements and related disclosures based on the historic volatility of our stock price and the relative number of nonemployee share-based payments awards outstanding, however, we are currently assessing the ultimate impact of this update. In August 2017, the FASB issued ASU No. 2017-12, Derivatives and Hedging (Topic 815): Targeted Improvements to Accounting for Hedging Activities. The update will make more financial and nonfinancial hedging strategies eligible for hedge accounting, changes how companies assess hedge effectiveness, and amends the presentation and disclosure requirements for hedging transactions. The provisions of the update will be effective for the Company starting January 1, 2019 with the early adoption available as early as the quarter ended June 30, 2018 . Based on the type of derivative instruments within the Company’s portfolio (See Note 7), we do not anticipate this update to have a material effect on our consolidated financial statements and related disclosures. In January 2017, the FASB issued ASU No. 2017-01, Business Combinations (Topic 805): Clarifying the Definition of a Business , which clarifies the definition of a business as it relates to acquisitions and business combinations. The update adds further guidance that assists preparers in evaluating whether a transaction will be accounted for as an acquisition of an asset or a business. We expect most of our hotel property acquisitions to qualify as asset acquisitions under the standard which requires the capitalization of acquisition costs to the underlying assets. The Company expects the standard to have an impact on our financial statements in periods during which we complete significant hotel acquisitions. The Company has adopted ASU No. 2017-01 effective, January 1, 2018. The Company applied the provisions of this standard to record our purchase of the Annapolis Waterfront Hotel as discussed in further detail within Note 2. In November 2016 the FASB issued ASU No. 2016-18, Statement of Cash Flows (Topic 230) , which provides guidance on the presentation of restricted cash or restricted cash equivalents within the statement of cash flows. Accordingly, amounts generally described as restricted cash and restricted cash equivalents should be included with cash and cash equivalents when reconciling the beginning-of-period and end-of-period total amounts shown on the statement of cash flows. The Company adopted this standard effective January 1, 2018. The adoption of ASU No. 2016-18 changed the presentation of the statement of cash flows for the Company and we utilized a retrospective transition method for each period presented within financial statements for periods subsequent to the date of adoption. Additionally, the Company provides a reconciliation within Note 10 of cash, cash equivalents, and restricted cash to their relative balance sheet captions. In February 2016, the FASB issued ASU No. 2016-02, Leases (Topic 842), which provides the principles for the recognition, measurement, presentation and disclosure of leases. The accounting for lessors will remain largely unchanged from current GAAP; however, the standard requires that certain initial direct costs be expensed rather than capitalized. Under the standard, lessees apply a dual approach, classifying leases as either finance or operating leases. A lessee is required to record a right-of-use asset and a lease liability for all leases with a term of greater than 12 months, regardless of their lease classification. Based on the review of our leases, we are a lessee on ground leases in certain markets, hotel equipment leases, and office space leases. We anticipate that our interests as a lessee in ground leases will have a more than inconsequential impact to our balance sheet as we have five ground leases under which we are the lessee. As of June 30, 2018, these ground leases, collectively, have remaining lease payments due in total of $331,007 with a weighted average life of approximately 71 years. We are currently determining the appropriate discount rate to utilize within our calculations of the right-of-use asset and lease liability, and, as such, we have not finalized our calculations as of June 30, 2018. We are also a lessor in certain office space and retail lease agreements related to our hotels. While we do not anticipate any material change to the accounting for leases under which we are a lessor, we are still evaluating the impact this ASU will have on the accounting for our leasing arrangements as well as our disclosures within the notes to our financial statements. This standard will be effective for the first annual reporting period beginning after December 15, 2018. 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	6 Months Ended
	Jun. 30, 2018
Property, Plant and Equipment [Abstract]
Investment In Hotel Properties	Investment in hotel properties consists of the following at June 30, 2018 and December 31, 2017 :   June 30, 2018 December 31, 2017  Land $ 522,527 $ 532,549 Buildings and Improvements 1,650,025 1,603,655 Furniture, Fixtures and Equipment 261,792 250,922 Construction in Progress 30,696 9,503  2,465,040 2,396,629  Less Accumulated Depreciation (425,325 ) (387,057 )  Total Investment in Hotel Properties * $ 2,039,715 $ 2,009,572 * The net book value of investment in hotel property at Ritz Coconut Grove, which is a variable interest entity, is $40,300 at June 30, 2018. This entity was not a variable interest entity at December 31, 2017. Acquisitions We acquired the following property during the six months ended June 30, 2018 : Hotel Acquisition Date Land Buildings and Improvements Furniture, Fixtures and Equipment Other Intangibles Total Purchase Price Assumption of Debt Annapolis Waterfront Hotel, MD 3/28/2018 $ — $ 43,260 $ 1,802 $ (3,199 ) * $ 41,863 $ — TOTAL $ — $ 43,260 $ 1,802 $ (3,199 ) $ 41,863 $ — * Consists entirely of $3,199 of above market ground lease liability, which is recorded in Other Liabilities on the consolidated balance sheet. The above acquisition is considered an asset acquisition under US GAAP. As such acquisition-related costs, such as due diligence, legal fees and other costs, have been capitalized and allocated to the assets acquired based on their relative fair values. The following table illustrates total revenues and total net income included in the consolidated statements of operations for the three and six months ended June 30, 2018 for the hotel we acquired or assumed ownership during the six months ended June 30, 2018 and consolidated since the date of acquisition of the hotel.  Three Months Ended June 30, 2018 Six Months Ended June 30, 2018 Hotel Revenue Net Income Revenue Net Income Annapolis Waterfront Hotel, MD $ 3,521 $ 626 $ 3,522 $ 618  Total $ 3,521 $ 626 $ 3,522 $ 618 Hotel Dispositions On February 16, 2018, the Company closed on the sale of Hyatt House Gaithersburg, MD to an unaffiliated buyer for a sales price of $19,000 resulting in a gain on sale of approximately $2,400 . This hotel was acquired by the Company in December 2006. The operating results for this hotel are included in operating income as shown in the consolidated statements of operations for the six months ended June 30, 2018 and 2017 as disposition of this hotel does not represent a strategic shift in our business. On March 6, 2018, the Company closed on the sale of Hampton Inn Pearl Street, NY to an unaffiliated buyer for a sales price of $32,400 resulting in a gain on sale of approximately $1,000 . This hotel was opened by the Company in June 2014. The operating results for this hotel are included in operating income as shown in the consolidated statements of operations for the period owned during the six months ended June 30, 2018 and 2017 as disposition of this hotel does not represent a strategic shift in our business. Assets Held For Sale There are no assets held for sale as of June 30, 2018 . The table below shows the balances for the Hyatt House Gaithersburg, MD that were classified as assets held for sale as of December 31, 2017 :  December 31, 2017  Land $ 2,911 Buildings and Improvements 20,168 Furniture, Fixtures and Equipment 4,340  27,419  Less: Accumulated Depreciation & Amortization (11,432 )  Assets Held for Sale $ 15,987  Pro Forma Results (Unaudited) The following condensed pro forma financial data for the three and six months ended June 30, 2018 and 2017 are presented as if the hotels acquired by the Company in 2018 and 2017 had been acquired as of January 1, 2018 and 2017 , 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, 2018 and 2017 , nor do they purport to represent the results of operations for future periods.  Three Months Ended June 30, Six Months Ended June 30,  2018 2017 2018 2017 Pro Forma Total Revenues $ 133,840 147,914 $ 236,102 $ 269,360  Pro Forma Net Income 11,837 87,979 3,036 116,999 (Income) Loss Allocated to Noncontrolling Interest 700 (4,953 ) 1,778 (6,316 ) Preferred Distributions (6,043 ) (6,042 ) (12,087 ) (12,084 ) Pro Forma Income (Loss) Applicable to Common Shareholders $ 6,494 $ 76,984 $ (7,273 ) $ 94,578  Pro Forma Income (Loss) Applicable to Common Shareholders per Common Share Basic $ 0.17 $ 1.84 $ (0.18 ) $ 2.27 Diluted $ 0.16 $ 1.82 $ (0.18 ) $ 2.24  Weighted Average Common Shares Outstanding Basic 39,246,946 41,737,044 39,440,481 41,727,056 Diluted 39,926,099 42,207,841 39,440,481 42,201,126

Investment In Unconsolidated Jo

Investment In Unconsolidated Joint Ventures	6 Months Ended
	Jun. 30, 2018
Equity Method Investments and Joint Ventures [Abstract]
Investment In Unconsolidated Joint Ventures	As of June 30, 2018 and December 31, 2017 , our investment in unconsolidated joint ventures consisted of the following:  Percent Joint Venture Hotel Properties Owned June 30, 2018 December 31, 2017  SB Partners, LLC Holiday Inn Express, South Boston, MA 50.0 % $ 1,494 $ 1,407 Hiren Boston, LLC Courtyard by Marriott, South Boston, MA 50.0 % 1,912 2,162 Cindat Hersha Owner JV, LLC Hilton and IHG branded hotels in NYC 31.2 % — —  $ 3,406 $ 3,569 On January 3, 2017, we redeemed our joint venture interest in Mystic Partners, LLC by acquiring a 100% ownership interest in the Mystic Marriott Hotel & Spa and transferring our minority ownership interests in the Hartford Marriott and Hartford Hilton to our joint venture partner. We received $11,623 in cash and assumed a mortgage on the Mystic Marriott Hotel & Spa of $41,333 as consideration for this redemption and transfer of our minority interest. Subsequent to the assumption of the mortgage, the Company fully paid off the outstanding balance of the debt and added the property to the borrowing base of our Credit Facility. As a result of the remeasurement of the consideration received to fair value, the Company recognized a gain of $16,239 in conjunction with this transaction. On February 6, 2018, Cindat Hersha Owner JV, LLC repaid in full outstanding mortgage debt from an existing senior loan and mezzanine loan, and simultaneously entered into a new senior loan agreement with new lenders. A portion of the net cash proceeds from the refinance was used to distribute $ 47,738 to the Company to fully redeem our recorded preferred equity interest in the venture. While this transaction fully redeemed our preferred equity interest in the venture, the Company continues to hold a common equity investment in this joint venture which has a balance of $0 at June 30, 2018. As a result of net distributions of Cindat Hersha Owner JV, LLC to Cindat and the Company during the three months ended March 31, 2018, the common interests of each member and common membership interests effective retroactively to January 1, 2018 is 31.2% to HHLP and 68.8% to Cindat. There are no remaining preferred equity interests. Effective January 1, 2018, the member allocations for distributions of net cash flow from operations, distributions from capital transactions and allocation of income and loss are based on these new common contributions and percentage interests. Income/Loss Allocation Effective January 1, 2018, the Cindat Hersha Owner JV, LLC cash available for distribution will be distributed to (1) Cindat until they receive a return on their contributed $142,000 senior common equity interest, currently at 9.5% , and (2) then to us until we receive an 8% return on our contributed $64,357 junior common equity interest. Any cash available for distribution remaining will be split 31.2% to us and 68.8% to Cindat. Cindat’s senior common equity return is reduced by 0.5% annually for 4 years following the closing until it is set at a rate of 8% for the remainder of the life of the joint venture. As of June 30, 2018 , based on the income allocation methodology described above, the Company has absorbed cumulative losses equal to our accounting basis in the joint venture resulting in a $0 investment balance in the table above, however, we currently maintain a positive equity balance within the venture. This difference is due to difference in our basis inside the venture versus our basis outside of the venture, which is explained later in this note. For SB Partners, LLC and Hiren Boston, LLC, income or loss is allocated to us and our joint venture partners consistent with the allocation of cash distributions in accordance with the joint venture agreements. This results in an income allocation consistent with our percentage of ownership interests. Any difference between the carrying amount of any of our investments noted above and the underlying equity in net assets is amortized over the expected useful lives of the properties and other intangible assets. Income (loss) recognized during the three and six months ended June 30, 2018 and 2017 , for our investments in unconsolidated joint ventures is as follows:  Three Months Ended June 30, Six Months Ended June 30,  2018 2017 2018 2017 SB Partners, LLC $ 181 $ 288 $ 87 $ 235 Hiren Boston, LLC 356 423 249 307 Cindat Hersha Owner JV, LLC — — — (3,717 ) Income (Loss) from Unconsolidated Joint Venture Investments $ 537 $ 711 $ 336 $ (3,175 ) 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 discussed above as of June 30, 2018 and December 31, 2017 and for the three and six months ended June 30, 2018 and 2017 . Balance Sheets  June 30, 2018 December 31, 2017 Assets Investment in Hotel Properties, Net $ 571,056 $ 568,724 Other Assets 26,032 46,158 Total Assets $ 597,088 $ 614,882  Liabilities and Equity Mortgages and Notes Payable $ 415,845 $ 359,121 Other Liabilities 7,938 7,901 Equity: Hersha Hospitality Trust 21,952 88,936 Joint Venture Partner(s) 150,995 159,182 Accumulated Other Comprehensive Income (Loss) 358 (258 ) Total Equity 173,305 247,860  Total Liabilities and Equity $ 597,088 $ 614,882 Statements of Operations  Three Months Ended June 30, Six Months Ended June 30,  2018 2017 2018 2017 Room Revenue $ 26,682 $ 25,812 $ 43,414 $ 41,008 Other Revenue 505 504 964 954 Operating Expenses (11,572 ) (11,270 ) (21,728 ) (20,356 ) Lease Expense (164 ) (155 ) (329 ) (339 ) Property Taxes and Insurance (2,906 ) (2,748 ) (5,816 ) (5,496 ) General and Administrative (1,477 ) (1,372 ) (2,601 ) (2,527 ) Depreciation and Amortization (3,190 ) (3,061 ) (6,368 ) (6,005 ) Interest Expense (6,326 ) (5,188 ) (12,064 ) (10,099 ) Loss on Debt Extinguishment — — (7,284 ) — Net Income (Loss) $ 1,552 $ 2,522 $ (11,812 ) $ (2,860 ) The following table is a reconciliation of our share in the unconsolidated joint ventures’ equity to our investment in the unconsolidated joint ventures as presented on our balance sheets as of June 30, 2018 and December 31, 2017 .  June 30, 2018 December 31, 2017 Our share of equity recorded on the joint ventures' financial statements $ 21,952 $ 88,936 Adjustment to reconcile our share of equity recorded on the joint ventures' financial statements to our investment in unconsolidated joint ventures (1) (18,546 ) (85,367 ) Investment in Unconsolidated Joint Ventures $ 3,406 $ 3,569 (1) Adjustment to reconcile our share of equity recorded on the joint ventures' financial statements to our investment in unconsolidated joint ventures consists of the following: • the difference between our basis in the investment in joint ventures and the equity recorded on the joint ventures' financial statements; • accumulated amortization of our equity in joint ventures that reflects the difference in our portion of the fair value of joint ventures' assets on the date of our investment when compared to the carrying value of the assets recorded on the joint ventures’ financial statements (this excess or deficit investment is amortized over the life of the properties, and the amortization is included in Income (Loss) from Unconsolidated Joint Venture Investments on our consolidated statement of operations); and • cumulative impairment of our investment in joint ventures not reflected on the joint ventures' financial statements, if any.

Other Assets

Other Assets	6 Months Ended
	Jun. 30, 2018
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Other Assets	Other Assets Other Assets consisted of the following at June 30, 2018 and December 31, 2017 :  June 30, 2018 December 31, 2017  Derivative Asset $ 8,627 $ 4,282 Deferred Financing Costs 2,102 2,360 Prepaid Expenses 11,476 10,580 Investment in Statutory Trusts 1,548 1,548 Investment in Non-Hotel Property and Inventories 3,410 3,948 Deposits with Unaffiliated Third Parties 2,910 2,361 Deferred Tax Asset, Net of Valuation Allowance of $497 12,419 10,934 Property Insurance Receivable 2,002 10,023 Other 3,863 3,877  $ 48,357 $ 49,913 Derivative Asset – This category represents the Company’s gross asset fair value of interest rate swaps and interest rate caps. Any swaps and caps resulting in a liability to the Company are accounted for separately within Other Liabilities on the Balance Sheet. Deferred Financing Costs – This category represents financing costs paid by the Company to establish our Line of Credit. These costs have been capitalized and will amortize to interest expense over the life of the Line of Credit. Prepaid Expenses – Prepaid expenses include amounts paid for property tax, insurance and other expenditures that will be expensed in the next twelve months. 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. Investment in Non-Hotel Property and Inventories – This category represents the costs paid and capitalized by the Company for items such as office leasehold improvements, furniture and equipment, and property inventories. Deposits with Unaffiliated Third Parties – These deposits represent deposits made by the Company with unaffiliated third parties for items such as lease security deposits, utility deposits, and deposits with unaffiliated third party management companies. Deferred Tax Asset – We have approximately $12,419 of net deferred tax assets as of June 30, 2018 . We have considered various factors, including future reversals of existing taxable temporary differences, future projected taxable income and tax planning strategies in determining a valuation allowance for our deferred tax assets, and we believe that it is more likely than not that we will be able to realize the $ 12,419 of net deferred tax assets in the future. Property Insurance Receivable – This category represents the amount due from our insurance companies for property loss and business interruption claims as a result of Hurricane Irma. Subsequent to June 30, 2018 , the Company received insurance proceeds that fully satisfied the balance of the property insurance receivable at June 30, 2018 .

Debt

Debt	6 Months Ended
	Jun. 30, 2018
Debt Disclosure [Abstract]
Debt	Mortgages Mortgages payable at June 30, 2018 and December 31, 2017 consisted of the following:  June 30, 2018 December 31, 2017 Mortgage Indebtedness $ 335,658 $ 308,508 Net Unamortized Premium 1,551 1,802 Net Unamortized Deferred Financing Costs (2,545 ) (2,627 ) Mortgages Payable $ 334,664 $ 307,683 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 also amortized over the remaining life of the loans. Mortgage indebtedness balances are subject to fixed and variable interest rates, which ranged from 4.09% to 6.30% as of June 30, 2018 . Aggregate interest expense incurred under the mortgage loans payable totaled $3,888 and $3,060 , and $7,307 and $6,030 during the three and six months ended June 30, 2018 and 2017 , 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 all debt covenants contained in the loan agreements securing our consolidated hotel properties were met as of June 30, 2018. As of June 30, 2018 , the maturity dates for the outstanding mortgage loans ranged from June 2019 to September 2025 . Unsecured 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 $891 and $917 as of June 30, 2018 and December 31, 2017 , respectively, in net deferred financing costs incurred as a result of entering into these indentures. 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 5.23% and 4.20% , and 4.93% and 4.08% during the three and six months ended June 30, 2018 and 2017 , respectively. Interest expense on Unsecured Notes Payable in the amount of $674 and $541 , and $1,288 and $1,053 was recorded for the three and six months ended June 30, 2018 and 2017 , respectively. Credit Facilities We maintain three unsecured credit agreements which aggregate to $950,900 with Citigroup Global Markets Inc., Wells Fargo Bank, Inc. and various other lenders. Our credit facility provides for a $457,000 senior unsecured credit facility (“Credit Facility”). The Credit Facility consists of a $250,000 senior unsecured revolving line of credit (“Line of Credit”) and a $207,000 senior unsecured term loan ("First Term Loan"). The Credit Facility expires on August 10, 2022 , 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 $857,000 at our request, subject to the satisfaction of certain conditions. We maintain another credit agreement which provides for a $300,000 senior unsecured term loan agreement (“Second Term Loan”) and expires on August 10, 2020 . A separate credit agreement provides for a $193,900 senior unsecured term loan agreement (“Third Term Loan”) and expires on August 2, 2021 . The amount that we can borrow at any given time under our Line of Credit, and the individual term loans (each a “Term Loan” and together the “Term Loans”) is governed by certain operating metrics of designated unencumbered hotel properties known as borrowing base assets. As of June 30, 2018 , the following hotel properties were borrowing base assets: - Courtyard, Brookline, MA - Mystic Marriott Hotel & Spa, Groton, CT - Holiday Inn Express, Cambridge, MA - Hampton Inn, Washington, DC - Envoy Hotel, Boston, MA - Ritz Carlton, Washington, DC - The Boxer, Boston, MA - Hilton Garden Inn, M Street, Washington, DC - Hampton Inn, Seaport, NY - Residence Inn, Coconut Grove, FL - The Duane Street Hotel, NY - The Winter Haven, Miami, FL - NU Hotel, Brooklyn, NY - The Blue Moon, Miami, FL - Holiday Inn Express, 29th Street, NY - Courtyard, Miami, FL - The Gate JFK Airport, New York, NY - The Parrot Key Hotel & Resort, Key West, FL - Hilton Garden Inn, JFK Airport, New York, NY - TownePlace Suites, Sunnyvale, CA - Hyatt House White Plains, NY - The Ambrose Hotel, Santa Monica, CA - Sheraton, Wilmington South, DE - Courtyard, San Diego, CA - Hampton Inn, Philadelphia, PA - The Pan Pacific Hotel, Seattle, WA - The Rittenhouse, Philadelphia, PA - Residence Inn, Tyson's Corner, VA - The Westin, Philadelphia, PA 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 June 30, 2018 December 31, 2017 Line of Credit 1.70% to 2.45% $ 26,000 $ 16,100 Unsecured Term Loan: First Term Loan 1.45% to 2.20% $ 207,000 $ 225,000 Second Term Loan 1.50% to 2.25% 300,000 300,000 Third Term Loan 1.45% to 2.20% 193,900 193,900 Deferred Loan Costs (3,074 ) (3,451 ) Total Unsecured Term Loan $ 697,826 $ 715,449 The Credit Facility and the Term Loans 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 $1,075,000, 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: The Company recorded interest expense of $7,661 and $5,914 , and $14,773 and $11,222 related to borrowings drawn on the Credit Facility and Term Loans for the three and six months ended June 30, 2018 and 2017 , respectively. The weighted average interest rate, inclusive of the effect of derivative instruments, on the Credit Facility and Term Loans was 3.73% and 3.35% , and 3.69% and 3.22% for the three and six months ended June 30, 2018 and 2017 , 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 and six months ended June 30, 2018 and 2017 , we capitalized $206 and $0 , and $304 and $0 of interest expense to ongoing capital improvement projects, respectively. 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 and six months ended June 30, 2018 and 2017 was $443 and $614 , and $872 and $1,262 , respectively. New Debt/Refinance On January 31, 2018, we refinanced the outstanding mortgage debt with an original principal balance of $25,000 secured by the Capitol Hill Hotel, Washington, D.C. The loan was due to mature on January 31, 2018, but will now mature on January 31, 2021. On April 13, 2018, we entered into a mortgage debt with a principal balance of $28,000 secured by the Annapolis Waterfront Hotel, MD. The loan bears interest at a variable rate of one month U.S. dollar LIBOR plus 2.65% and matures in April 2024. Concurrently, we entered into an interest rate cap which effectively caps LIBOR at 3.35% , limiting the interest rate to not exceed 6.00% per annum until May 2021.

Commitments And Contingencies A

Commitments And Contingencies And Related Party Transactions	6 Months Ended
	Jun. 30, 2018
Commitments And Contingencies And Related Party Transactions [Abstract]
Commitments And Contingencies And Related Party Transactions	Management Agreements Our wholly-owned TRS, 44 New England Management Company, and certain of our joint venture entities engage eligible independent contractors in accordance with the requirements for qualification as a REIT under the Internal Revenue Code of 1986, as amended, including Hersha Hospitality Management Limited Partnership (“HHMLP”), as the property managers for hotels it leases from us pursuant to management agreements. HHMLP is owned, in part, by certain executives and trustees of the Company. Our management agreements with HHMLP provide for five -year terms and are subject to early termination upon the occurrence of defaults and certain other events described therein. As required under the REIT qualification rules, HHMLP must qualify as an “eligible independent contractor” during the term of the management agreements. Under the management agreements, HHMLP generally pays the operating expenses of our hotels. All operating expenses or other expenses incurred by HHMLP in performing its authorized duties are reimbursed or borne by our TRS to the extent the operating expenses or other expenses are incurred within the limits of the applicable approved hotel operating budget. HHMLP is not obligated to advance any of its own funds for operating expenses of a hotel or to incur any liability in connection with operating a hotel. Management agreements with other unaffiliated hotel management companies have similar terms. For its services, HHMLP receives a base management fee and, if a hotel exceeds certain thresholds, an incentive management fee. The base management fee for a hotel is due monthly and is equal to 3% of gross revenues associated with each hotel managed for the related month. The incentive management fee, if any, for a hotel is due annually in arrears on the ninetieth day following the end of each fiscal year and is based upon the financial performance of the hotels. For the three and six months ended June 30, 2018 and 2017 , base management fees incurred totaled $3,457 , and $3,689 , and $6,146 and $6,558 , respectively, and are recorded as Hotel Operating Expenses. For the three and six months ended June 30, 2018 and 2017 , we did not incur incentive management fees. Franchise Agreements Our branded hotel properties are operated under franchise agreements assumed by the hotel property lessee. The franchise agreements have 10 to 20 year terms, but may be terminated by either the franchisee or franchisor on certain anniversary dates specified in the agreements. The franchise agreements require annual payments for franchise royalties, reservation, and advertising services, and such payments are based upon percentages of gross room revenue. These payments are paid by the hotels and charged to expense as incurred. Franchise fee expenses for the three and six months ended June 30, 2018 and 2017 were $6,330 and $6,443 , and $10,995 and $11,552 , respectively, and are recorded in Hotel Operating Expenses. The initial fees incurred to enter into the franchise agreements are amortized over the life of the franchise agreements. Accounting and Information Technology Fees Each of the wholly-owned hotels and consolidated joint venture hotel properties managed by HHMLP incurs a monthly accounting and information technology fee. Monthly fees for accounting services are between $2 and $3 per property and monthly information technology fees range from $1 to $2 per property. For the three and six months ended June 30, 2018 and 2017 , the Company incurred accounting fees of $312 and $335 , and $607 and $671 , respectively. For the three and six months ended June 30, 2018 and 2017 , the Company incurred information technology fees of $101 and $110 , and $197 and $223 , respectively. Accounting fees and information technology fees are included in Hotel Operating Expenses. Capital Expenditure Fees HHMLP charges a 5% fee on certain capital expenditures and pending renovation projects at the properties as compensation for procurement services related to capital expenditures and for project management of renovation projects. For the three and six months ended June 30, 2018 and 2017 , we incurred fees of $411 and $321 , and $923 and $641 , respectively, which were capitalized with the cost of capital expenditures. Acquisitions from Affiliates We have entered into an option agreement with certain of our officers and trustees such that we obtain a right of first refusal to purchase any hotel owned or developed in the future by these individuals or entities controlled by them at fair market value. This right of first refusal would apply to each party until one year after such party ceases to be an officer or trustee of the Company. Our Acquisition Committee of the Board of Trustees is comprised solely of independent trustees, and the purchase prices and all material terms of the purchase of hotels from related parties are approved by the Acquisition Committee. Hotel Supplies For the three and six months ended June 30, 2018 and 2017 , we incurred charges for hotel supplies of $63 and $23 , and $130 and $81 , respectively. For the three and six months ended June 30, 2018 and 2017 , we incurred charges for capital expenditure purchases of $459 and $501 , and $957 and $862 , 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 $6 and $6 is included in accounts payable at June 30, 2018 and December 31, 2017 , respectively. Due From Related Parties The due from related parties balance as of June 30, 2018 and December 31, 2017 was approximately $4,949 and $5,322 , respectively. The balances primarily consisted of working capital deposits made to HHMLP and other entities owned, in part, by certain executives and trustees of the Company. Due to Related Parties The balance due to related parties as of June 30, 2018 and December 31, 2017 was $0. Hotel Ground Rent For the three and six months ended June 30, 2018 and 2017 , we incurred $1,349 and $894 , and $2,277 and $1,701 , 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	6 Months Ended
	Jun. 30, 2018
Derivative Instruments and Hedging Activities Disclosure [Abstract]
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 June 30, 2018 , 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 counter-party’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 counter-parties. However, as of June 30, 2018 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. Derivative Instruments The Company’s objective in using derivatives is to add stability to interest expense and to manage its exposure to interest rate movements. To accomplish this objective, the Company primarily uses interest rate swaps and interest rate caps as part of its cash flow hedging strategy. Interest rate swaps designated as cash flow hedges involve the receipt of variable-rate amounts in exchange for fixed-rate payments over the life of the agreements without exchange of the underlying principal amount. Interest rate caps designated as cash flow hedges limit the Company’s exposure to increased cash payments due to increases in variable interest rates. The table on the following page presents our derivative instruments as of June 30, 2018 and December 31, 2017 .  Estimated Fair Value  Asset / (Liability) Balance Hedged Debt Notional Amount Type Strike Rate Index Effective Date Derivative Contract Maturity Date June 30, 2018 December 31, 2017  Term Loan Instruments: Unsecured Credit Facility $ 150,000 Swap 1.011 % 1-Month LIBOR + 2.20% November 3, 2016 October 3, 2019 $ 2,733 $ 2,362 Unsecured Credit Facility (1) 50,000 Swap 1.694 % 1-Month LIBOR + 2.20% April 3, 2017 October 3, 2019 479 187 Unsecured Credit Facility (2) 300,000 Swap 1.443 % 1-Month LIBOR + 2.25% August 10, 2017 August 10, 2020 3,995 1,100  Mortgages: Hyatt, Union Square, New York, NY 55,750 Cap 3.000 % 1-Month LIBOR + 2.30% June 10, 2015 June 10, 2019 3 3 Hilton Garden Inn 52nd Street, New York, NY 44,325 Swap 1.600 % 1-Month LIBOR + 2.90% February 24, 2017 February 24, 2020 684 340 Courtyard, LA Westside, Culver City, CA 35,000 Swap 1.683 % 1-Month LIBOR + 2.75% August 1, 2017 August 1, 2020 668 290 Annapolis Waterfront Hotel, MD 28,000 Cap 3.350 % 1-Month LIBOR + 2.65% May 1, 2018 May 1, 2021 65 —   $ 8,627 $ 4,282 (1) On March 14, 2017, we entered into an interest rate swap associated with $50,000 of our unsecured credit facility, which became effective on April 3, 2017 . This swap effectively fixes the interest rate of the notional amount at 3.894% . This swap matures on October 3, 2019 . (2) On March 23, 2017, we entered into an interest rate swap associated with $300,000 of our unsecured credit facility, which became effective beginning on August 10, 2017 . This swap effectively fixes the interest rate of the notional amount at 3.6930% from the effective date through August 9, 2018. For the period from August 10, 2018 to August 11, 2019, the interest rate will be fixed at 4.1155% . For the period from August 12, 2019 through maturity, the interest rate will be fixed at 4.3925% . This swap matures on August 10, 2020 . The fair value of swaps and our interest rate caps with a positive balance is included in other assets at June 30, 2018 and December 31, 2017 . The fair value of our interest rate swaps with a negative balance is included in accounts payable, accrued expenses and other liabilities at June 30, 2018 and December 31, 2017 . The net change in fair value of derivative instruments designated as cash flow hedges was a gain of $717 and and a loss of $1,309 for the three months ended June 30, 2018 and 2017 , respectively, and a gain of $4,349 and a loss of $1,239 for the six months ended June 30, 2018 and 2017, respectively. 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 derivatives. The change in net unrealized gains/losses on cash flow hedges reflects a reclassification of $745 and $130 , and $1,019 and $280 , of net unrealized gains/losses from accumulated other comprehensive income as an increase/decrease to interest expense for the three and six months ended June 30, 2018 and 2017 , respectively. For the next twelve months ending June 30, 2019, we estimate that an additional $4,460 will be reclassified as an increase to interest expense. Fair Value of Debt We estimate the fair value of our fixed rate debt and the credit spreads over variable market rates on our 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 June 30, 2018 , the carrying value and estimated fair value of our debt were $1,109,147 and $1,095,764 respectively. As of December 31, 2017 , the carrying value and estimated fair value of our debt were $1,093,013 and $1,073,190 , respectively.

Share Based Payments

Share Based Payments	6 Months Ended
	Jun. 30, 2018
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Share Based Payments	We measure the cost of employee service received in exchange for an award of equity instruments based on the grant-date fair value of the award. The compensation cost is amortized on a straight line basis over the period during which an employee is required to provide service in exchange for the award. The compensation cost related to performance awards that are contingent upon market-based criteria being met is recorded at the fair value of the award on the date of the grant and amortized over the performance period. The Company established and our shareholders approved the Hersha Hospitality Trust 2012 Equity Incentive Plan, as amended, (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 8, 2018, the Compensation Committee approved the 2018 Annual Long Term Equity Incentive Program (“2018 Annual EIP”) for the executive officers, pursuant to which the executive officers are eligible to earn equity awards in the form of stock awards, LTIP Units, or performance share awards issuable pursuant to the 2012 Plan. These awards are earned under the 2018 Annual EIP based on achieving a threshold, target or maximum level of performance in the performance of RevPAR growth in certain defined areas. In addition, the Compensation Committee provided the option to the executive officers to elect shares in lieu of cash payment under the 2018 annual cash incentive program (“2018 ACIP”). The Company accounts for these grants as performance awards for which the Company assesses the probability of achievement of the performance conditions at the end of each period. As of June 30, 2018 , no shares or LTIP Units have been issued in accordance with the 2012 Plan to the executive officers in settlement of 2018 Annual EIP awards. The following table is a summary of all unvested LTIP Units issued to executives:  Units Vested Unearned Compensation Issuance Date Weighted Average Share Price LTIP Units Issued Vesting Period Vesting Schedule June 30, 2018 December 31, 2017 June 30, 2018 December 31, 2017 March 28, 2018 (2017 Annual EIP) (2017 ACIP) $ 17.91 564,434 3 years 25%/year (1)(2) 72,106 — $ 4,495 $ — March 28, 2017 (2016 Annual EIP) 18.53 122,727 3 years 25%/year (1) 61,362 137,544 331 510 March 30, 2016 (2015 Annual EIP) 21.11 183,396 3 years 25%/year (1) 137,544 128,832 129 258  870,557 271,012 266,376 $ 4,955 $ 768 (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, which is a calendar year-end (subject to continuous employment through the applicable vesting date). (2) The issuance included 276,000 units issued with a 2 year cliff vesting provision. Stock based compensation expense related to the Annual Long Term Equity Incentive Programs and 2017 ACIP of $1,831 and $1,537 , and $2,617 and $2,105 was incurred during the three and six months ended June 30, 2018 and 2017 , respectively. Unearned compensation related to the Annual Long Term Equity Incentive Programs as of June 30, 2018 and December 31, 2017 was $4,955 and $768 , respectively. Unearned 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 8, 2018, the Compensation Committee approved the 2018 Multi-Year Long Term Equity Incentive Program ("2018 Multi-Year EIP"). This program has a three-year performance period which commenced on January 1, 2018 and ends December 31, 2020. As of June 30, 2018, no shares or LTIP Units have been issued to the executive officers in settlement of 2018 Multi-Year EIP awards. The following table is a summary of the approved Multi-Year Long Term Equity Incentive Programs:  Units Vested Unearned Compensation Compensation Committee Approval Date Weighted Average Share Price LTIP Units Issued LTIP Issuance Date Performance Period June 30, 2018 December 31, 2017 June 30, 2018 December 31, 2017 March 9, 2018 (2018 Multi-Year EIP) $ 11.06 — N/A 1/1/2018 to 12/31/2020 — — $ 1,524 $ — March 10, 2017 (2017 Multi-Year EIP) 9.25 — N/A 1/1/2017 to 12/31/2019 — — 748 898 March 17, 2016 (2016 Multi-Year EIP) 11.25 — N/A 1/1/2016 to 12/31/2018 — — 444 592 March 18, 2015 (2015 Multi-Year EIP) 10.06 24,672 N/A 1/1/2015 to 12/31/2017 12,335 — 158 198  24,672 12,335 — $ 2,874 $ 1,688 The shares or LTIP Units issuable under the Multi-Year Long Term Incentive Programs, including the 2017 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 (RevPar) 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 expense of $337 and $309 , and $889 and $980 was recorded for the three and six months ended June 30, 2018 and 2017 , respectively, for the Multi-Year Long Term Equity Incentive Programs. Unearned compensation related to the multi-year program as of June 30, 2018 and December 31, 2017 , respectively, was $2,874 , and $1,688 . Restricted Share Awards In addition to share based compensation expense related to awards to executives under the Multi-Year and Annual Long Term Equity Incentive Programs, share based compensation expense related to restricted common shares issued to employees of the Company of $240 and $154 , and $397 and $286 was incurred during the three and six months ended June 30, 2018 and 2017 , respectively. Unearned compensation related to the restricted share awards as of June 30, 2018 and December 31, 2017 was $539 and $648 , respectively. The following table is a summary of all unvested share awards issued to employees under the 2012 Plan and prior equity incentive plans:  Shares Vested Unearned Compensation Original Year of Issuance Date Shares Issued Range of Share Price on Date of Grant Vesting Period Vesting Schedule June 30, 2018 December 31, 2017 June 30, 2018 December 31, 2017 2018 15,494 17.91-21.20 2 years 50% /year 3,189 — $ 201 $ — 2017 42,071 18.47-18.53 2 years 50% /year 24,287 885 306 515 2016 29,294 18.02-21.11 2 years 50% /year 29,294 18,160 — 84 2015 15,703 28.09 2-4 years 25-50% /year 14,469 20,815 32 49 Total 102,562 71,239 39,860 $ 539 $ 648 Trustees Board Fee Compensation The Compensation Committee approved a program that allows the Company’s trustees to make a voluntary election to receive any portion of their board fee compensation in the form of common equity valued at a 25% premium to the cash that would have been received. On December 29, 2017 , we issued 11,587 shares which do not fully vest until December 31, 2018 . Compensation expense incurred for the three and six months ended June 30, 2018 and 2017 was $50 and $23 , and $101 and $47 , respectively. The following table is a summary of all unvested share awards issued to trustees in lieu of board fee compensation:  Unearned Compensation Original Issuance Date Shares Issued Share Price on Date of Grant Vesting Period Vesting Schedule June 30, 2018 December 31, 2017 December 29, 2017 11,587 $ 17.40 12 months 100% $ 101 $ 202 Multi-Year Long-Term Equity Incentives Compensation expense for the Multi-Year Long Term Incentive Programs for the Company’s trustees incurred for the three and six months ended June 30, 2018 and 2017 was $26 and $20 , and $53 and $39 , respectively. Unearned compensation related to the Multi-Year Long Term Equity Incentive Programs was $194 and $247 as of June 30, 2018 and December 31, 2017 , respectively. The following table is a summary of all unvested share awards issued to trustees under the 2012 Plan and prior equity incentive plans:  Shares Vested Unearned Compensation Original Issuance Date Weighted Average Share Price Shares Issued Vesting Period Vesting Schedule June 30, 2018 December 31, 2017 June 30, 2018 December 31, 2017 December 29, 2017 $ 17.40 9,000 3 years 33% /year — — $ 131 $ 157 December 30, 2016 21.50 5,000 3 years 33% /year 1,670 1,670 54 72 March 30, 2016 21.11 2,500 3 years 33% /year 1,670 1,670 9 18  3,340 3,340 $ 194 $ 247 Share Awards Compensation expense related to share awards issued to the Company’s trustees of $420 and $322 was incurred during the three and six months ended June 30, 2018 and 2017 , respectively, and is recorded in general and administrative expense on the consolidated statements of operations. Share grants issued to the Company’s trustees are immediately vested. On June 5, 2018, an aggregate of 19,752 shares were issued to the Company’s trustees at a price per share on the date of grant of $21.24 . Non-employees The Company issues share based awards as compensation to non-employees for services provided to the Company consisting primarily of restricted common shares. The Company recorded stock based compensation expense of $219 and $162 , and $252 and $177 for the three and six months ended June 30, 2018 and 2017 , respectively. Unearned compensation related to the restricted share awards as of June 30, 2018 and December 31, 2017 was $131 and $135 , respectively. The following table is a summary of all unvested share awards issued to non-employees under the 2012 Plan:  Shares Vested Unearned Compensation Original Issuance Date Shares Issued Share Price on Date of Grant Vesting Period Vesting Schedule June 30, 2018 December 31, 2017 June 30, 2018 December 31, 2017 March 28, 2018 14,800 $ 17.91 2 years 50% /year 7,301 — $ 131 $ — March 30, 2017 14,925 $ 18.53 2 years 50% /year 14,925 7,625 — 135 Total 29,725 22,226 7,625 $ 131 $ 135

Earnings Per Share

Earnings Per Share	6 Months Ended
	Jun. 30, 2018
Earnings Per Share [Abstract]
Earnings Per Share	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 June 30, Six Months Ended June 30,  2018 2017 2018 2017 NUMERATOR: Basic and Diluted* Net Income $ 11,837 $ 84,788 $ 2,689 $ 110,743 Loss (Income) allocated to Noncontrolling Interests 700 (4,758 ) 1,804 (5,939 ) Distributions to Preferred Shareholders (6,043 ) (6,042 ) (12,087 ) (12,084 ) Dividends Paid on Unvested Restricted Shares and LTIP Units (189 ) (81 ) (392 ) (196 ) Net Income (Loss) applicable to Common Shareholders $ 6,305 $ 73,907 $ (7,986 ) $ 92,524  DENOMINATOR: Weighted average number of common shares - basic 39,246,946 41,737,044 39,440,481 41,727,056 Effect of dilutive securities: Restricted Stock Awards and LTIP Units (unvested) 407,471 238,465 — 195,112 Contingently Issued Shares and Units 271,682 232,332 — 278,958 Weighted average number of common shares - diluted 39,926,099 42,207,841 39,440,481 42,201,126 * 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) applicable to common shareholders.

Cash Flow Disclosures And Non C

Cash Flow Disclosures And Non Cash Investing And Financing Activities	6 Months Ended
	Jun. 30, 2018
Supplemental Cash Flow Elements [Abstract]
Cash Flow Disclosures And Non Cash Investing And Financing Activities	CASH FLOW DISCLOSURES AND NON CASH INVESTING AND FINANCING ACTIVITIES Interest paid during the six months ended June 30, 2018 and 2017 totaled $23,165 and $19,209 respectively. Cash paid for income taxes during the six months ended June 30, 2018 and 2017 totaled $1,127 and $653 , respectively. The following non-cash investing and financing activities occurred during the six months ended June 30, 2018 and 2017 :  2018 2017 Common Shares issued as part of the Dividend Reinvestment Plan $ 37 $ 45 Acquisition of hotel properties: Assets acquired through joint venture assignment and assumption — 50,000 Debt assumed, including premium — 44,483 Deposit paid in prior period towards acquisition which closed in current period 1,000 — Conversion of note payable and accrued interest to non-controlling interest 3,386 — Conversion of Common Units to Common Shares 772 — Issuance of share based payments 12,740 — Accrued payables for capital expenditures placed into service 1,369 1,477 Cumulative Effect on Equity from the Adoption of ASC Subtopic 610-20 129,021 — The following table provides a reconciliation of cash, cash equivalents, and restricted cash reported within the consolidated balance sheets that sum to the total of the same such amounts shown in the consolidated statements of cash flows for the six months ended June 30, 2018 and 2017 : 2018 2017 Cash and cash equivalents $ 46,869 $ 59,600 Escrowed cash 7,063 7,218 Total cash, cash equivalents, and restricted cash shown in the consolidated statements of cash flows $ 53,932 $ 66,818 Amounts included in restricted cash represent those required to be set aside in escrow by contractual agreement with various lenders for the payment of specific items such as property insurance, property tax, and capital expenditures.

Basis Of Presentation (Policies

Basis Of Presentation (Policies)	6 Months Ended
	Jun. 30, 2018
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Principles Of Consolidation And Presentation	Principles of Consolidation and Presentation The accompanying consolidated financial statements have been prepared in accordance with US GAAP and include all of our accounts as well as accounts of the Partnership, subsidiary partnerships and our wholly owned Taxable REIT Subsidiary Lessee (“TRS Lessee”). All significant inter-company amounts have been eliminated. Consolidated properties are either wholly owned or owned less than 100% b y the Partnership and are controlled by the Company as general partner of the Partnership. Properties owned in joint ventures are also consolidated if the determination is made that we are the primary beneficiary in a variable interest entity (“VIE”) or we maintain control of the asset through our voting interest in the entity. Control can be demonstrated when the general partner has the power to impact the economic performance of the partnership, which includes the ability of the general partner to manage day-to-day operations, refinance debt and sell the assets of the partnerships without the consent of the limited partners and the inability of the limited partners to replace the general partner. Control can be demonstrated by the limited partners if the limited partners have the right to dissolve or liquidate the partnership or otherwise remove the general partner without cause or have rights to participate in the significant decisions made in the ordinary course of the partnership’s business.
Variable Interest Entities	Variable Interest Entities We evaluate each of our investments and contractual relationships to determine whether they meet the guidelines for consolidation. Entities are consolidated if the determination is made that we are the primary beneficiary in a VIE or we maintain control of the asset through our voting interest or other rights in the operation of the entity. To determine if we are the primary beneficiary of a VIE, we evaluate whether we have a controlling financial interest in that VIE. An enterprise is deemed to have a controlling financial interest if it has i) the power to direct the activities of a variable interest entity that most significantly impact the entity’s economic performance, and ii) the obligation to absorb losses of the VIE that could be significant to the VIE or the rights to receive benefits from the VIE that could be significant to the VIE. Control can also be demonstrated by the ability of a member to manage day-to-day operations, refinance debt and sell the assets of the partnerships without the consent of the other member and the inability of the members to replace the managing member. Based on our examination, the following entities were determined to be VIEs: HHLP, Cindat Hersha Lessee JV, LLC; South Bay Boston, LLC; Hersha Holding RC Owner, LLC; Hersha Statutory Trust I; and Hersha Statutory Trust II. As noted, HHLP meets the criteria as a VIE. 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. Cindat Hersha Lessee JV, LLC is a VIE that leases hotel property. The entity is consolidated by the lessor, the primary beneficiary. Our maximum exposure to losses from our investment in Cindat Hersha Lessee JV, LLC is limited to our basis in the joint venture which is $0 as of June 30, 2018 . Also, South Bay Boston, LLC leases hotel property and is a VIE. This entity is consolidated by the lessor, the primary beneficiary of the entity. Hersha Holding RC Owner, LLC is the owner entity of the Ritz-Carlton Coconut Grove and is a VIE. HHLP is considered the primary beneficiary of the VIE and consolidates the joint venture with the minority owner interest presented as part of noncontrolling interest within the Consolidated Balance Sheets as of June 30, 2018. Hersha Statutory Trust I and Hersha Statutory Trust II (collectively “Hersha Statutory Trusts”) are VIEs but the Company is not the primary beneficiary in these entities. Accordingly, the accounts of Hersha Statutory Trust I and Hersha Statutory Trust II are not consolidated.
Noncontrolling Interest	Noncontrolling Interest We classify the noncontrolling interests of our common units of limited partnership interest in HHLP (“Common Units”), and Long Term Incentive Plan Units (“LTIP Units”) as equity. LTIP Units are a separate class of limited partnership interest in the Operating Partnership that are convertible into Common Units under certain circumstances. The noncontrolling interest of Common Units and LTIP Units totaled $63,117 as of June 30, 2018 and $54,286 as of December 31, 2017 . As of June 30, 2018 , there were 3,766,540 Common Units outstanding with a fair market value of $80,792 , 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 Common 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 and LTIP Units 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 C, Series D, and Series E Preferred Shares outstanding at June 30, 2018 and December 31, 2017 are summarized as follows:  Dividend Per Share  Shares Outstanding Six Months Ended June 30, Series June 30, 2018 December 31, 2017 Aggregate Liquidation Preference Distribution Rate 2018 2017 Series C 3,000,000 3,000,000 $ 75,000 6.875 % $ 0.8594 $ 0.8594 Series D 7,701,700 7,701,700 $ 192,500 6.500 % $ 0.8126 0.8126 Series E 4,001,514 4,000,000 $ 100,038 6.500 % $ 0.8126 0.8126 Total 14,703,214 14,701,700 In December 2017, our Board of Trustees authorized us to repurchase from time to time up to an aggregate of $100,000 of our outstanding common shares. For the six months ended June 30, 2018, the Company repurchased 635,590 common shares for an aggregate purchase price of $10,833 . Upon repurchase by the Company, these common shares ceased to be outstanding and became authorized but unissued common shares. There is no guarantee that the Company will repurchase the entire aggregate value of shares authorized for repurchase prior to the program's expiration. The repurchase program will expire on December 31, 2018 , unless extended by our Board of Trustees, at their discretion.
Revenue Recognition	Revenue Recognition On May 28, 2014, the FASB issued ASU No. 2014-09, Revenue from Contracts with Customers , which is codified as ASC 606 and 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 replaced most existing revenue recognition guidance in U.S. GAAP. The Company has adopted the provisions of ASC 606 effective January 1, 2018, electing to utilize the modified retrospective transition method. The modified retrospective method allows for, among other things, a cumulative adjustment to opening equity upon adoption of the standard. The adoption of the provisions of ASC 606 was applied to contracts with customers using available practical expedients only for contracts with customers. The Company evaluated only those contracts with customers that did not meet the definition of a closed contract under the guidance of ASC 606 at the time of adoption. This approach resulted in no cumulative adjustment to opening equity for the Company as it relates to contracts with customers. The new revenue recognition model will not have a material impact on our hotel operating revenue, including room revenue, food and beverage, and other operating revenue. Our hotel operating revenue streams contain contracts with customers that, generally, are short-term by nature and the prior revenue recognition policies and procedures used by the Company do not initially result in different balances, allowing for comparability to historical financial data without adjustment. We recognize revenue for all consolidated hotels as hotel operating revenue when earned. Revenues are recorded net of any sales or occupancy tax collected from our guests. We participate in frequent guest programs sponsored by the brand owners of our hotels and we expense the charges associated with those programs, as incurred. Hotel operating revenues are disaggregated on the face of the consolidated statement of operations into the categories of rooms revenue, food and beverage revenue, and other to demonstrate how economic factors affect the nature, amount, timing, and uncertainty of revenue and cash flows. Room revenue is generated through contracts with customers whereby the customers agree to pay a daily rate for right to use a hotel room. The Company's contract performance obligations are fulfilled at the end of the day that the customer is provided the room and revenue is recognized daily at the contract rate. Payment from the customer is secured at the end of the contract upon check-out by the customer from our hotel. The Company records contract liabilities in the form of advanced deposits when a customer or group of customers provides a deposit for a future stay at our hotels. Advanced deposits for room revenue are included in the balance of Accounts Payable, Accrued Expenses and Other Liabilities on the consolidated balance sheet. Advanced deposits are recognized as revenue at the time of the guest's stay. The Company notes no significant judgements regarding the recognition of room revenue. Food and beverage revenue is generated through contracts with customers whereby the customer agrees to pay a contract rate for restaurant dining services or banquet services. The Company's contract performance obligations are fulfilled at the time that the meal is provided to the customer or when the banquet facilities and related dining amenities are provided to the customer. The Company recognizes food and beverage revenue upon the fulfillment of the contract with the customer. The Company records contract liabilities in the form of advanced deposits when a customer or group of customers provides a deposit for a future banquet event at our hotels. Advanced deposits for food and beverage revenue are included in the balance of Accounts Payable, Accrued Expenses and Other Liabilities on the consolidated balance sheet. Advanced deposits for banquet services are recognized as revenue following the completion of the banquet services. The Company notes no significant judgements regarding the recognition of food and beverage revenue. Gains from the sales of ownership interests in real estate are accounted for in accordance with the provisions of Subtopic 610-20, Other Income - Gains and Losses from the Derecognition of Nonfinancial Assets , which the Company adopted effective January 1, 2018. Our evaluation over sales of real estate is impacted by the FASB definition of a business and in substance nonfinancial assets, which have been addressed through the issuance of ASU No. 2017-01, Business Combinations (Topic 805): Clarifying the Definition of a Business, and ASU No. 2017-05, Other Income – Gains and Losses from the Derecognition of Nonfinancial Assets (Subtopic 610-20) , respectively. Based on the provisions of ASU No. 2017-01 and ASU No. 2017-05, the Company expects any future sales of interests in hotel properties to likely meet the criteria for full gain recognition on sale. This treatment is not different from our historical position when selling our entire interest in hotel properties, however, this is different than the historical treatment in certain instances where the Company sold partial interests in hotel properties. In particular, during 2016 the Company sold partial interests in seven hotel properties to a third party (“Cindat Sale”) resulting in an approximate $81 million deferred gain based on prevailing GAAP at the time of the transaction. The Company chose to adopt the provisions of ASC 610-20 for contracts with noncustomers for all contracts and chose not to utilize any available practical expedients as it pertains to contracts with noncustomers. Accordingly, the Company's analysis included all contracts with noncustomers related to the sales, either full or partial, of our interest in hotel properties. The Company noted no changes to the recognition of gains on sales in instances whereby the Company sold 100% of our interest. The Company noted, however, that the Cindat Sale, under the provisions of ASC 610-20, would have resulted in full gain recognition at the time of the partial sale of our interest in the seven hotel properties. The impact of our adoption of the new standard resulted in a cumulative adjustment to decrease the opening balance to distributions in excess of net income, thereby increasing total shareholders' equity by $123,228 and increase the opening balance of noncontrolling interests of $5,793 .
New Accounting Pronouncements	New Accounting Pronouncements In June 2018, the FASB issued ASU No. 2018-07, Stock Compensation (Topic 718): Improvements to Nonemployee Share-Based Payment Accounting . The update will simplify several aspects of the accounting for nonemployee share-based payment transactions for acquiring goods and services from nonemployees. The amendments in this update affects all entities that enter into share-based payment transactions for acquiring goods and services from nonemployees. The provisions of the update will be effective for the Company starting January 1, 2019 with the early adoption available as early as the quarter ended June 30, 2018. We do not anticipate this update to have a material effect on our consolidated financial statements and related disclosures based on the historic volatility of our stock price and the relative number of nonemployee share-based payments awards outstanding, however, we are currently assessing the ultimate impact of this update. In August 2017, the FASB issued ASU No. 2017-12, Derivatives and Hedging (Topic 815): Targeted Improvements to Accounting for Hedging Activities. The update will make more financial and nonfinancial hedging strategies eligible for hedge accounting, changes how companies assess hedge effectiveness, and amends the presentation and disclosure requirements for hedging transactions. The provisions of the update will be effective for the Company starting January 1, 2019 with the early adoption available as early as the quarter ended June 30, 2018 . Based on the type of derivative instruments within the Company’s portfolio (See Note 7), we do not anticipate this update to have a material effect on our consolidated financial statements and related disclosures. In January 2017, the FASB issued ASU No. 2017-01, Business Combinations (Topic 805): Clarifying the Definition of a Business , which clarifies the definition of a business as it relates to acquisitions and business combinations. The update adds further guidance that assists preparers in evaluating whether a transaction will be accounted for as an acquisition of an asset or a business. We expect most of our hotel property acquisitions to qualify as asset acquisitions under the standard which requires the capitalization of acquisition costs to the underlying assets. The Company expects the standard to have an impact on our financial statements in periods during which we complete significant hotel acquisitions. The Company has adopted ASU No. 2017-01 effective, January 1, 2018. The Company applied the provisions of this standard to record our purchase of the Annapolis Waterfront Hotel as discussed in further detail within Note 2. In November 2016 the FASB issued ASU No. 2016-18, Statement of Cash Flows (Topic 230) , which provides guidance on the presentation of restricted cash or restricted cash equivalents within the statement of cash flows. Accordingly, amounts generally described as restricted cash and restricted cash equivalents should be included with cash and cash equivalents when reconciling the beginning-of-period and end-of-period total amounts shown on the statement of cash flows. The Company adopted this standard effective January 1, 2018. The adoption of ASU No. 2016-18 changed the presentation of the statement of cash flows for the Company and we utilized a retrospective transition method for each period presented within financial statements for periods subsequent to the date of adoption. Additionally, the Company provides a reconciliation within Note 10 of cash, cash equivalents, and restricted cash to their relative balance sheet captions. In February 2016, the FASB issued ASU No. 2016-02, Leases (Topic 842), which provides the principles for the recognition, measurement, presentation and disclosure of leases. The accounting for lessors will remain largely unchanged from current GAAP; however, the standard requires that certain initial direct costs be expensed rather than capitalized. Under the standard, lessees apply a dual approach, classifying leases as either finance or operating leases. A lessee is required to record a right-of-use asset and a lease liability for all leases with a term of greater than 12 months, regardless of their lease classification. Based on the review of our leases, we are a lessee on ground leases in certain markets, hotel equipment leases, and office space leases. We anticipate that our interests as a lessee in ground leases will have a more than inconsequential impact to our balance sheet as we have five ground leases under which we are the lessee. As of June 30, 2018, these ground leases, collectively, have remaining lease payments due in total of $331,007 with a weighted average life of approximately 71 years. We are currently determining the appropriate discount rate to utilize within our calculations of the right-of-use asset and lease liability, and, as such, we have not finalized our calculations as of June 30, 2018. We are also a lessor in certain office space and retail lease agreements related to our hotels. While we do not anticipate any material change to the accounting for leases under which we are a lessor, we are still evaluating the impact this ASU will have on the accounting for our leasing arrangements as well as our disclosures within the notes to our financial statements. This standard will be effective for the first annual reporting period beginning after December 15, 2018.
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)	6 Months Ended
	Jun. 30, 2018
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Schedule Of Preferred Stock	Terms of the Series C, Series D, and Series E Preferred Shares outstanding at June 30, 2018 and December 31, 2017 are summarized as follows:  Dividend Per Share  Shares Outstanding Six Months Ended June 30, Series June 30, 2018 December 31, 2017 Aggregate Liquidation Preference Distribution Rate 2018 2017 Series C 3,000,000 3,000,000 $ 75,000 6.875 % $ 0.8594 $ 0.8594 Series D 7,701,700 7,701,700 $ 192,500 6.500 % $ 0.8126 0.8126 Series E 4,001,514 4,000,000 $ 100,038 6.500 % $ 0.8126 0.8126 Total 14,703,214 14,701,700
Schedule of ASC 610-20	The table below shows the cumulative effect our adoption of ASC 610-20 had on the opening balances of on our balance sheet on Janauary 1, 2018. Balance as Reported at December 31, 2017 Cumulative Effect of the Adoption of ASC 610-20 Balance at January 1, 2018, as Adjusted Investment in Unconsolidated Joint Ventures $ 3,569 $ 47,738 $ 51,307 Deferred Gain on Disposition of Hotel Assets 81,284 (81,284 ) — Distributions in Excess of Net Income (335,373 ) 123,228 (212,145 ) Noncontrolling Interests 54,286 5,793 60,079

Investment In Hotel Properties

Investment In Hotel Properties (Tables)	6 Months Ended
	Jun. 30, 2018
Business Acquisition [Line Items]
Investment In Hotel Properties	Investment in hotel properties consists of the following at June 30, 2018 and December 31, 2017 :   June 30, 2018 December 31, 2017  Land $ 522,527 $ 532,549 Buildings and Improvements 1,650,025 1,603,655 Furniture, Fixtures and Equipment 261,792 250,922 Construction in Progress 30,696 9,503  2,465,040 2,396,629  Less Accumulated Depreciation (425,325 ) (387,057 )  Total Investment in Hotel Properties * $ 2,039,715 $ 2,009,572 * The net book value of investment in hotel property at Ritz Coconut Grove, which is a variable interest entity, is $40,300 at June 30, 2018. This entity was not a variable interest entity at December 31, 2017. Acquisition
Assets Held For Sale	The table below shows the balances for the Hyatt House Gaithersburg, MD that were classified as assets held for sale as of December 31, 2017 :  December 31, 2017  Land $ 2,911 Buildings and Improvements 20,168 Furniture, Fixtures and Equipment 4,340  27,419  Less: Accumulated Depreciation & Amortization (11,432 )  Assets Held for Sale $ 15,987 
Condensed Pro Forma Financial Data	The following condensed pro forma financial data for the three and six months ended June 30, 2018 and 2017 are presented as if the hotels acquired by the Company in 2018 and 2017 had been acquired as of January 1, 2018 and 2017 , 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, 2018 and 2017 , nor do they purport to represent the results of operations for future periods.  Three Months Ended June 30, Six Months Ended June 30,  2018 2017 2018 2017 Pro Forma Total Revenues $ 133,840 147,914 $ 236,102 $ 269,360  Pro Forma Net Income 11,837 87,979 3,036 116,999 (Income) Loss Allocated to Noncontrolling Interest 700 (4,953 ) 1,778 (6,316 ) Preferred Distributions (6,043 ) (6,042 ) (12,087 ) (12,084 ) Pro Forma Income (Loss) Applicable to Common Shareholders $ 6,494 $ 76,984 $ (7,273 ) $ 94,578  Pro Forma Income (Loss) Applicable to Common Shareholders per Common Share Basic $ 0.17 $ 1.84 $ (0.18 ) $ 2.27 Diluted $ 0.16 $ 1.82 $ (0.18 ) $ 2.24  Weighted Average Common Shares Outstanding Basic 39,246,946 41,737,044 39,440,481 41,727,056 Diluted 39,926,099 42,207,841 39,440,481 42,201,126
Aquisitions In 2018 [Member]
Business Acquisition [Line Items]
Wholly Owned Hotel Properties Acquired	We acquired the following property during the six months ended June 30, 2018 : Hotel Acquisition Date Land Buildings and Improvements Furniture, Fixtures and Equipment Other Intangibles Total Purchase Price Assumption of Debt Annapolis Waterfront Hotel, MD 3/28/2018 $ — $ 43,260 $ 1,802 $ (3,199 ) * $ 41,863 $ — TOTAL $ — $ 43,260 $ 1,802 $ (3,199 ) $ 41,863 $ — * Consists entirely of $3,199 of above market ground lease liability, which is recorded in Other Liabilities on the consolidated balance sheet.
Results Of Operations For Hotels Acquired With 100% Interest	The following table illustrates total revenues and total net income included in the consolidated statements of operations for the three and six months ended June 30, 2018 for the hotel we acquired or assumed ownership during the six months ended June 30, 2018 and consolidated since the date of acquisition of the hotel.  Three Months Ended June 30, 2018 Six Months Ended June 30, 2018 Hotel Revenue Net Income Revenue Net Income Annapolis Waterfront Hotel, MD $ 3,521 $ 626 $ 3,522 $ 618  Total $ 3,521 $ 626 $ 3,522 $ 618

Investment In Unconsolidated 23

Investment In Unconsolidated Joint Ventures (Tables)	6 Months Ended
	Jun. 30, 2018
Equity Method Investments and Joint Ventures [Abstract]
Investment In Unconsolidated Joint Ventures	As of June 30, 2018 and December 31, 2017 , our investment in unconsolidated joint ventures consisted of the following:  Percent Joint Venture Hotel Properties Owned June 30, 2018 December 31, 2017  SB Partners, LLC Holiday Inn Express, South Boston, MA 50.0 % $ 1,494 $ 1,407 Hiren Boston, LLC Courtyard by Marriott, South Boston, MA 50.0 % 1,912 2,162 Cindat Hersha Owner JV, LLC Hilton and IHG branded hotels in NYC 31.2 % — —  $ 3,406 $ 3,569
Income Or Loss From Unconsolidated Joint Ventures	Income (loss) recognized during the three and six months ended June 30, 2018 and 2017 , for our investments in unconsolidated joint ventures is as follows:  Three Months Ended June 30, Six Months Ended June 30,  2018 2017 2018 2017 SB Partners, LLC $ 181 $ 288 $ 87 $ 235 Hiren Boston, LLC 356 423 249 307 Cindat Hersha Owner JV, LLC — — — (3,717 ) Income (Loss) from Unconsolidated Joint Venture Investments $ 537 $ 711 $ 336 $ (3,175 )
Summary Financial Information Related To Unconsolidated Joint Ventures	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 discussed above as of June 30, 2018 and December 31, 2017 and for the three and six months ended June 30, 2018 and 2017 . Balance Sheets  June 30, 2018 December 31, 2017 Assets Investment in Hotel Properties, Net $ 571,056 $ 568,724 Other Assets 26,032 46,158 Total Assets $ 597,088 $ 614,882  Liabilities and Equity Mortgages and Notes Payable $ 415,845 $ 359,121 Other Liabilities 7,938 7,901 Equity: Hersha Hospitality Trust 21,952 88,936 Joint Venture Partner(s) 150,995 159,182 Accumulated Other Comprehensive Income (Loss) 358 (258 ) Total Equity 173,305 247,860  Total Liabilities and Equity $ 597,088 $ 614,882 Statements of Operations  Three Months Ended June 30, Six Months Ended June 30,  2018 2017 2018 2017 Room Revenue $ 26,682 $ 25,812 $ 43,414 $ 41,008 Other Revenue 505 504 964 954 Operating Expenses (11,572 ) (11,270 ) (21,728 ) (20,356 ) Lease Expense (164 ) (155 ) (329 ) (339 ) Property Taxes and Insurance (2,906 ) (2,748 ) (5,816 ) (5,496 ) General and Administrative (1,477 ) (1,372 ) (2,601 ) (2,527 ) Depreciation and Amortization (3,190 ) (3,061 ) (6,368 ) (6,005 ) Interest Expense (6,326 ) (5,188 ) (12,064 ) (10,099 ) Loss on Debt Extinguishment — — (7,284 ) — Net Income (Loss) $ 1,552 $ 2,522 $ (11,812 ) $ (2,860 )
Reconciliation Of Share In Unconsolidated Joint Ventures' Equity In Investment In Unconsolidated Joint Ventures	The following table is a reconciliation of our share in the unconsolidated joint ventures’ equity to our investment in the unconsolidated joint ventures as presented on our balance sheets as of June 30, 2018 and December 31, 2017 .  June 30, 2018 December 31, 2017 Our share of equity recorded on the joint ventures' financial statements $ 21,952 $ 88,936 Adjustment to reconcile our share of equity recorded on the joint ventures' financial statements to our investment in unconsolidated joint ventures (1) (18,546 ) (85,367 ) Investment in Unconsolidated Joint Ventures $ 3,406 $ 3,569 (1) Adjustment to reconcile our share of equity recorded on the joint ventures' financial statements to our investment in unconsolidated joint ventures consists of the following: • the difference between our basis in the investment in joint ventures and the equity recorded on the joint ventures' financial statements; • accumulated amortization of our equity in joint ventures that reflects the difference in our portion of the fair value of joint ventures' assets on the date of our investment when compared to the carrying value of the assets recorded on the joint ventures’ financial statements (this excess or deficit investment is amortized over the life of the properties, and the amortization is included in Income (Loss) from Unconsolidated Joint Venture Investments on our consolidated statement of operations); and • cumulative impairment of our investment in joint ventures not reflected on the joint ventures' financial statements, if any.

Other Assets (Tables)

Other Assets (Tables)	6 Months Ended
	Jun. 30, 2018
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Schedule of Other Assets	Other Assets consisted of the following at June 30, 2018 and December 31, 2017 :  June 30, 2018 December 31, 2017  Derivative Asset $ 8,627 $ 4,282 Deferred Financing Costs 2,102 2,360 Prepaid Expenses 11,476 10,580 Investment in Statutory Trusts 1,548 1,548 Investment in Non-Hotel Property and Inventories 3,410 3,948 Deposits with Unaffiliated Third Parties 2,910 2,361 Deferred Tax Asset, Net of Valuation Allowance of $497 12,419 10,934 Property Insurance Receivable 2,002 10,023 Other 3,863 3,877  $ 48,357 $ 49,913

Debt (Tables)

Debt (Tables)	6 Months Ended
	Jun. 30, 2018
Debt Disclosure [Abstract]
Schedule Of Mortgages Payable	Mortgages payable at June 30, 2018 and December 31, 2017 consisted of the following:  June 30, 2018 December 31, 2017 Mortgage Indebtedness $ 335,658 $ 308,508 Net Unamortized Premium 1,551 1,802 Net Unamortized Deferred Financing Costs (2,545 ) (2,627 ) Mortgages Payable $ 334,664 $ 307,683
Summary Of Borrowing Base Assets	As of June 30, 2018 , the following hotel properties were borrowing base assets: - Courtyard, Brookline, MA - Mystic Marriott Hotel & Spa, Groton, CT - Holiday Inn Express, Cambridge, MA - Hampton Inn, Washington, DC - Envoy Hotel, Boston, MA - Ritz Carlton, Washington, DC - The Boxer, Boston, MA - Hilton Garden Inn, M Street, Washington, DC - Hampton Inn, Seaport, NY - Residence Inn, Coconut Grove, FL - The Duane Street Hotel, NY - The Winter Haven, Miami, FL - NU Hotel, Brooklyn, NY - The Blue Moon, Miami, FL - Holiday Inn Express, 29th Street, NY - Courtyard, Miami, FL - The Gate JFK Airport, New York, NY - The Parrot Key Hotel & Resort, Key West, FL - Hilton Garden Inn, JFK Airport, New York, NY - TownePlace Suites, Sunnyvale, CA - Hyatt House White Plains, NY - The Ambrose Hotel, Santa Monica, CA - Sheraton, Wilmington South, DE - Courtyard, San Diego, CA - Hampton Inn, Philadelphia, PA - The Pan Pacific Hotel, Seattle, WA - The Rittenhouse, Philadelphia, PA - Residence Inn, Tyson's Corner, VA - The Westin, Philadelphia, PA
Summary Of The Balances Outstanding And Interest Rate Spread	The following table summarizes the balances outstanding and interest rate spread for each borrowing:  Outstanding Balance Borrowing Spread June 30, 2018 December 31, 2017 Line of Credit 1.70% to 2.45% $ 26,000 $ 16,100 Unsecured Term Loan: First Term Loan 1.45% to 2.20% $ 207,000 $ 225,000 Second Term Loan 1.50% to 2.25% 300,000 300,000 Third Term Loan 1.45% to 2.20% 193,900 193,900 Deferred Loan Costs (3,074 ) (3,451 ) Total Unsecured Term Loan $ 697,826 $ 715,449

Fair Value Measurements And D26

Fair Value Measurements And Derivative Instruments (Tables)	6 Months Ended
	Jun. 30, 2018
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Fair Value Of Interest Rate Swaps And Caps	The table on the following page presents our derivative instruments as of June 30, 2018 and December 31, 2017 .  Estimated Fair Value  Asset / (Liability) Balance Hedged Debt Notional Amount Type Strike Rate Index Effective Date Derivative Contract Maturity Date June 30, 2018 December 31, 2017  Term Loan Instruments: Unsecured Credit Facility $ 150,000 Swap 1.011 % 1-Month LIBOR + 2.20% November 3, 2016 October 3, 2019 $ 2,733 $ 2,362 Unsecured Credit Facility (1) 50,000 Swap 1.694 % 1-Month LIBOR + 2.20% April 3, 2017 October 3, 2019 479 187 Unsecured Credit Facility (2) 300,000 Swap 1.443 % 1-Month LIBOR + 2.25% August 10, 2017 August 10, 2020 3,995 1,100  Mortgages: Hyatt, Union Square, New York, NY 55,750 Cap 3.000 % 1-Month LIBOR + 2.30% June 10, 2015 June 10, 2019 3 3 Hilton Garden Inn 52nd Street, New York, NY 44,325 Swap 1.600 % 1-Month LIBOR + 2.90% February 24, 2017 February 24, 2020 684 340 Courtyard, LA Westside, Culver City, CA 35,000 Swap 1.683 % 1-Month LIBOR + 2.75% August 1, 2017 August 1, 2020 668 290 Annapolis Waterfront Hotel, MD 28,000 Cap 3.350 % 1-Month LIBOR + 2.65% May 1, 2018 May 1, 2021 65 —   $ 8,627 $ 4,282 (1) On March 14, 2017, we entered into an interest rate swap associated with $50,000 of our unsecured credit facility, which became effective on April 3, 2017 . This swap effectively fixes the interest rate of the notional amount at 3.894% . This swap matures on October 3, 2019 . (2) On March 23, 2017, we entered into an interest rate swap associated with $300,000 of our unsecured credit facility, which became effective beginning on August 10, 2017 . This swap effectively fixes the interest rate of the notional amount at 3.6930% from the effective date through August 9, 2018. For the period from August 10, 2018 to August 11, 2019, the interest rate will be fixed at 4.1155% . For the period from August 12, 2019 through maturity, the interest rate will be fixed at 4.3925% . This swap matures on August 10, 2020 .

Share Based Payments (Tables)

Share Based Payments (Tables)	6 Months Ended
	Jun. 30, 2018
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Schedule of Share-based Goods and Nonemployee Services Transaction by Supplier	The following table is a summary of all unvested share awards issued to non-employees under the 2012 Plan:  Shares Vested Unearned Compensation Original Issuance Date Shares Issued Share Price on Date of Grant Vesting Period Vesting Schedule June 30, 2018 December 31, 2017 June 30, 2018 December 31, 2017 March 28, 2018 14,800 $ 17.91 2 years 50% /year 7,301 — $ 131 $ — March 30, 2017 14,925 $ 18.53 2 years 50% /year 14,925 7,625 — 135 Total 29,725 22,226 7,625 $ 131 $ 135
Multi-year LTIP Trustee [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Schedule of Other Share-based Compensation, Activity	The following table is a summary of all unvested share awards issued to trustees under the 2012 Plan and prior equity incentive plans:  Shares Vested Unearned Compensation Original Issuance Date Weighted Average Share Price Shares Issued Vesting Period Vesting Schedule June 30, 2018 December 31, 2017 June 30, 2018 December 31, 2017 December 29, 2017 $ 17.40 9,000 3 years 33% /year — — $ 131 $ 157 December 30, 2016 21.50 5,000 3 years 33% /year 1,670 1,670 54 72 March 30, 2016 21.11 2,500 3 years 33% /year 1,670 1,670 9 18  3,340 3,340 $ 194 $ 247
Multi-Year LTIP [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Summary Of Unvested Share Awards Issued To Executives	The following table is a summary of the approved Multi-Year Long Term Equity Incentive Programs:  Units Vested Unearned Compensation Compensation Committee Approval Date Weighted Average Share Price LTIP Units Issued LTIP Issuance Date Performance Period June 30, 2018 December 31, 2017 June 30, 2018 December 31, 2017 March 9, 2018 (2018 Multi-Year EIP) $ 11.06 — N/A 1/1/2018 to 12/31/2020 — — $ 1,524 $ — March 10, 2017 (2017 Multi-Year EIP) 9.25 — N/A 1/1/2017 to 12/31/2019 — — 748 898 March 17, 2016 (2016 Multi-Year EIP) 11.25 — N/A 1/1/2016 to 12/31/2018 — — 444 592 March 18, 2015 (2015 Multi-Year EIP) 10.06 24,672 N/A 1/1/2015 to 12/31/2017 12,335 — 158 198  24,672 12,335 — $ 2,874 $ 1,688
LTIP Units [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Summary Of Unvested Share Awards Issued To Executives	The following table is a summary of all unvested LTIP Units issued to executives:  Units Vested Unearned Compensation Issuance Date Weighted Average Share Price LTIP Units Issued Vesting Period Vesting Schedule June 30, 2018 December 31, 2017 June 30, 2018 December 31, 2017 March 28, 2018 (2017 Annual EIP) (2017 ACIP) $ 17.91 564,434 3 years 25%/year (1)(2) 72,106 — $ 4,495 $ — March 28, 2017 (2016 Annual EIP) 18.53 122,727 3 years 25%/year (1) 61,362 137,544 331 510 March 30, 2016 (2015 Annual EIP) 21.11 183,396 3 years 25%/year (1) 137,544 128,832 129 258  870,557 271,012 266,376 $ 4,955 $ 768 (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, which is a calendar year-end (subject to continuous employment through the applicable vesting date). (2) The issuance included 276,000 units issued with a 2 year cliff vesting provision.
Restricted Share Awards [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Summary Of Unvested Share Awards Issued To Executives	The following table is a summary of all unvested share awards issued to employees under the 2012 Plan and prior equity incentive plans:  Shares Vested Unearned Compensation Original Year of Issuance Date Shares Issued Range of Share Price on Date of Grant Vesting Period Vesting Schedule June 30, 2018 December 31, 2017 June 30, 2018 December 31, 2017 2018 15,494 17.91-21.20 2 years 50% /year 3,189 — $ 201 $ — 2017 42,071 18.47-18.53 2 years 50% /year 24,287 885 306 515 2016 29,294 18.02-21.11 2 years 50% /year 29,294 18,160 — 84 2015 15,703 28.09 2-4 years 25-50% /year 14,469 20,815 32 49 Total 102,562 71,239 39,860 $ 539 $ 648
Board Fee Compensation [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Schedule of Other Share-based Compensation, Activity	The following table is a summary of all unvested share awards issued to trustees in lieu of board fee compensation:  Unearned Compensation Original Issuance Date Shares Issued Share Price on Date of Grant Vesting Period Vesting Schedule June 30, 2018 December 31, 2017 December 29, 2017 11,587 $ 17.40 12 months 100% $ 101 $ 202

Earnings Per Share (Tables)

Earnings Per Share (Tables)	6 Months Ended
	Jun. 30, 2018
Earnings Per Share [Abstract]
Reconciliation Of 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 June 30, Six Months Ended June 30,  2018 2017 2018 2017 NUMERATOR: Basic and Diluted* Net Income $ 11,837 $ 84,788 $ 2,689 $ 110,743 Loss (Income) allocated to Noncontrolling Interests 700 (4,758 ) 1,804 (5,939 ) Distributions to Preferred Shareholders (6,043 ) (6,042 ) (12,087 ) (12,084 ) Dividends Paid on Unvested Restricted Shares and LTIP Units (189 ) (81 ) (392 ) (196 ) Net Income (Loss) applicable to Common Shareholders $ 6,305 $ 73,907 $ (7,986 ) $ 92,524  DENOMINATOR: Weighted average number of common shares - basic 39,246,946 41,737,044 39,440,481 41,727,056 Effect of dilutive securities: Restricted Stock Awards and LTIP Units (unvested) 407,471 238,465 — 195,112 Contingently Issued Shares and Units 271,682 232,332 — 278,958 Weighted average number of common shares - diluted 39,926,099 42,207,841 39,440,481 42,201,126 * 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) applicable to common shareholders.

Cash Flow Disclosures And Non29

Cash Flow Disclosures And Non Cash Investing And Financing Activities (Tables)	6 Months Ended
	Jun. 30, 2018
Supplemental Cash Flow Elements [Abstract]
Schedule of Cash Flow	The following non-cash investing and financing activities occurred during the six months ended June 30, 2018 and 2017 :  2018 2017 Common Shares issued as part of the Dividend Reinvestment Plan $ 37 $ 45 Acquisition of hotel properties: Assets acquired through joint venture assignment and assumption — 50,000 Debt assumed, including premium — 44,483 Deposit paid in prior period towards acquisition which closed in current period 1,000 — Conversion of note payable and accrued interest to non-controlling interest 3,386 — Conversion of Common Units to Common Shares 772 — Issuance of share based payments 12,740 — Accrued payables for capital expenditures placed into service 1,369 1,477 Cumulative Effect on Equity from the Adoption of ASC Subtopic 610-20 129,021 —
Schedule of Cash and Cash Equivalents	The following table provides a reconciliation of cash, cash equivalents, and restricted cash reported within the consolidated balance sheets that sum to the total of the same such amounts shown in the consolidated statements of cash flows for the six months ended June 30, 2018 and 2017 : 2018 2017 Cash and cash equivalents $ 46,869 $ 59,600 Escrowed cash 7,063 7,218 Total cash, cash equivalents, and restricted cash shown in the consolidated statements of cash flows $ 53,932 $ 66,818
Restrictions on Cash and Cash Equivalents	The following table provides a reconciliation of cash, cash equivalents, and restricted cash reported within the consolidated balance sheets that sum to the total of the same such amounts shown in the consolidated statements of cash flows for the six months ended June 30, 2018 and 2017 : 2018 2017 Cash and cash equivalents $ 46,869 $ 59,600 Escrowed cash 7,063 7,218 Total cash, cash equivalents, and restricted cash shown in the consolidated statements of cash flows $ 53,932 $ 66,818

Basis Of Presentation (Narrativ

Basis Of Presentation (Narrative) (Details)	3 Months Ended	6 Months Ended
	Jun. 30, 2018USD ($)shares	Jun. 30, 2018USD ($)shares	Apr. 02, 2018	Jan. 01, 2018USD ($)	Dec. 31, 2017USD ($)	Jun. 30, 2017USD ($)	Dec. 31, 2016USD ($)hotel
Stockholders' Equity, Number of Shares, Par Value and Other Disclosures [Abstract]
Stock repurchase program, authorized amount					$ 100,000,000
Common shares repurchased (in shares) | shares		635,590,000
Common shares repurchased		$ 10,833,000
Deferred Gain on Disposition of Hotel Assets	$ 0	0			81,284,000
Cumulative Effect on Equity from the Adoption of ASC Subtopic 610-20	129,021,000	129,021,000				$ 0
Distributions in Excess of Net Income	241,776,000	241,776,000			335,373,000
Stockholders' equity attributable to noncontrolling interest	(63,117,000)	(63,117,000)			(54,286,000)
Net income (loss) attributable to nonredeemable noncontrolling interest	1,200,000	1,200,000
Total minimum payments due	331,007,000	331,007,000
Accounting Standards Update 2014-09 [Member]
Stockholders' Equity, Number of Shares, Par Value and Other Disclosures [Abstract]
Number of real estate properties | hotel							7
Deferred Gain on Disposition of Hotel Assets							$ 81,000,000
Accounting Standards Update 2017-05 [Member]
Stockholders' Equity, Number of Shares, Par Value and Other Disclosures [Abstract]
Deferred Gain on Disposition of Hotel Assets				$ 0	81,284,000
Distributions in Excess of Net Income				212,145,000	335,373,000
Stockholders' equity attributable to noncontrolling interest				(60,079,000)	(54,286,000)
Accounting Standards Update 2017-05 [Member] | Pro Forma [Member]
Stockholders' Equity, Number of Shares, Par Value and Other Disclosures [Abstract]
Deferred Gain on Disposition of Hotel Assets	129,021,000	129,021,000
Distributions in Excess of Net Income	123,228,000	123,228,000
Stockholders' equity attributable to noncontrolling interest	$ 5,793,000	$ 5,793,000
Accounting Standards Update 2017-05 [Member] | Retained Earnings [Member]
Stockholders' Equity, Number of Shares, Par Value and Other Disclosures [Abstract]
Cumulative Effect on Equity from the Adoption of ASC Subtopic 610-20				123,228,000
Accounting Standards Update 2017-05 [Member] | Noncontrolling Interest [Member]
Stockholders' Equity, Number of Shares, Par Value and Other Disclosures [Abstract]
Cumulative Effect on Equity from the Adoption of ASC Subtopic 610-20				5,793,000
Hersha Hospitality Limited Partnership [Member]
Class of Stock [Line Items]
Approximate ownership percentage in the partnership (in hundredths)	91.20%	91.20%
General partnership interest (in hundredths)		1.00%
Cindat Hersha Owner JV, LLC [Member]
Class of Stock [Line Items]
Maximum exposure to losses due to investment in joint ventures	$ 0	$ 0
Joint Venture Partner [Member]
Noncontrolling Interest [Abstract]
Noncontrolling interest, ownership percentage			15.00%
Stockholders' Equity, Number of Shares, Par Value and Other Disclosures [Abstract]
Cumulative return on common equity interest	30.00%	30.00%
Hersha Holding RC Owner, LLC [Member]
Stockholders' Equity, Number of Shares, Par Value and Other Disclosures [Abstract]
Cumulative return on common equity interest	70.00%	70.00%
Noncontrolling Interests Common Units And LTIP Units [Member]
Noncontrolling Interest [Abstract]
Noncontrolling interests in Nonredeemable Common Units	$ 63,117,000	$ 63,117,000			$ 54,286,000
Nonredeemable common units outstanding (in shares) | shares	3,766,540	3,766,540
Fair market value of nonredeemable common units	$ 80,792,000	$ 80,792,000
Stockholders' Equity, Number of Shares, Par Value and Other Disclosures [Abstract]
Cumulative Effect on Equity from the Adoption of ASC Subtopic 610-20				$ 5,793,000
Senior Common Equity Interest [Member]
Stockholders' Equity, Number of Shares, Par Value and Other Disclosures [Abstract]
Noncontrolling Interest, Common Equity Interest, Return	12.00%
Senior Common Equity Interest [Member] | Joint Venture Partner [Member]
Stockholders' Equity, Number of Shares, Par Value and Other Disclosures [Abstract]
Cumulative return on common equity interest	25.00%	25.00%
Senior Common Equity Interest [Member] | Hersha Holding RC Owner, LLC [Member]
Stockholders' Equity, Number of Shares, Par Value and Other Disclosures [Abstract]
Noncontrolling Interest, Common Equity Interest, Return	8.00%
Cumulative return on common equity interest	75.00%	75.00%
Junior Common Equity Interest [Member] | Joint Venture Partner [Member] | Scenario, Plan [Member]
Stockholders' Equity, Number of Shares, Par Value and Other Disclosures [Abstract]
Noncontrolling Interest, Common Equity Interest, Return	8.00%
Weighted Average [Member]
Stockholders' Equity, Number of Shares, Par Value and Other Disclosures [Abstract]
Remaining lease term		71 years

Basis Of Presentation (Schedule

Basis Of Presentation (Schedule Of Preferred Stock) (Details) - USD ($) $ / shares in Units, $ in Thousands	6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Dec. 31, 2017
Class of Stock [Line Items]
Shares outstanding (in shares)	14,703,214		14,701,700
Series C Preferred Shares [Member]
Class of Stock [Line Items]
Shares outstanding (in shares)	3,000,000		3,000,000
Aggregate Liquidation Preference	$ 75,000
Distribution Rate	6.875%
Dividend per share (in dollars per share)	$ 0.8594	$ 0.8594
Series D Preferred Shares [Member]
Class of Stock [Line Items]
Shares outstanding (in shares)	7,701,700		7,701,700
Aggregate Liquidation Preference	$ 192,500
Distribution Rate	6.50%
Dividend per share (in dollars per share)	$ 0.8126	0.8126
Series E Preferred Stock [Member]
Class of Stock [Line Items]
Shares outstanding (in shares)	4,001,514		4,000,000
Aggregate Liquidation Preference	$ 100,038
Distribution Rate	6.50%
Dividend per share (in dollars per share)	$ 0.8126	$ 0.8126

Basis Of Presentation Basis Of

Basis Of Presentation Basis Of Presentation (Schedule of ASU 610-20) (Details) - USD ($) $ in Thousands	Jun. 30, 2018	Jan. 01, 2018	Dec. 31, 2017
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Investment in Unconsolidated Joint Ventures	$ 3,406		$ 3,569
Deferred Gain on Disposition of Hotel Assets	0		81,284
Distributions in Excess of Net Income	(241,776)		(335,373)
Noncontrolling Interests (Note 1)	$ 63,117		54,286
Accounting Standards Update 2017-05 [Member]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Investment in Unconsolidated Joint Ventures		$ 51,307	3,569
Deferred Gain on Disposition of Hotel Assets		0	81,284
Distributions in Excess of Net Income		(212,145)	(335,373)
Noncontrolling Interests (Note 1)		60,079	$ 54,286
Difference Between Guidance In Effect Before And After Topic 610 [Member] | Accounting Standards Update 2017-05 [Member]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Investment in Unconsolidated Joint Ventures		47,738
Deferred Gain on Disposition of Hotel Assets		(81,284)
Distributions in Excess of Net Income		(123,228)
Noncontrolling Interests (Note 1)		$ 5,793

Investment In Hotel Propertie33

Investment In Hotel Properties (Investment In Hotel Properties) (Details) - USD ($) $ in Thousands	Jun. 30, 2018	Dec. 31, 2017
Business Acquisition [Line Items]
Total investment in hotel properties, gross	$ 2,465,040	$ 2,396,629
Less Accumulated Depreciation	(425,325)	(387,057)
Total Investment in Hotel Properties	2,039,715	2,009,572
Net book value	40,300
Land [Member]
Business Acquisition [Line Items]
Total investment in hotel properties, gross	522,527	532,549
Building and Improvements [Member]
Business Acquisition [Line Items]
Total investment in hotel properties, gross	1,650,025	1,603,655
Furniture, Fixtures And Equipment [Member]
Business Acquisition [Line Items]
Total investment in hotel properties, gross	261,792	250,922
Construction in Progress [Member]
Business Acquisition [Line Items]
Total investment in hotel properties, gross	$ 30,696	$ 9,503

Investment In Hotel Propertie34

Investment In Hotel Properties (Wholly Owned Hotel Properties Acquired) (Details) $ in Thousands	6 Months Ended
	Jun. 30, 2018USD ($)
Business Acquisition [Line Items]
Land	$ 0
Buildings and Improvements	43,260
Furniture, Fixtures and Equipment	1,802
Other Intangibles	(3,199)
Total Purchase Price	41,863
Assumption of Debt	$ 0
Annapolis Waterfront Hotel, MD [Member]
Business Acquisition [Line Items]
Acquisition Date	Mar. 28, 2018
Land	$ 0
Buildings and Improvements	43,260
Furniture, Fixtures and Equipment	1,802
Other Intangibles	(3,199)
Total Purchase Price	41,863
Assumption of Debt	0
Intangible asset, advanced bookings	$ 3,199

Investment In Hotel Propertie35

Investment In Hotel Properties (Results of Operations for Hotels Acquired With 100% Interest) (Details) - USD ($) $ in Thousands	3 Months Ended	6 Months Ended
	Jun. 30, 2018	Jun. 30, 2018
Business Acquisition [Line Items]
Revenue	$ 3,521	$ 3,522
Net Income	626	618
Annapolis Waterfront Hotel, MD [Member]
Business Acquisition [Line Items]
Revenue	3,521	3,522
Net Income	$ 626	$ 618

Investment In Hotel Propertie36

Investment In Hotel Properties (Narrative) (Details) - USD ($)	Mar. 06, 2018	Feb. 16, 2018	Jun. 30, 2018	Dec. 31, 2017
Business Acquisition [Line Items]
Assets held-for-sale, long lived			$ 0	$ 15,987,000
Assets Held-for-sale [Member]
Business Acquisition [Line Items]
Assets held-for-sale, long lived			$ 0
Hyatt House, Gaithersburg, MD [Member] | Disposal Group, Disposed of by Sale, Not Discontinued Operations [Member]
Business Acquisition [Line Items]
Total sales price		$ 19,000,000
Approximate gain (loss) on sale		$ 2,400,000
Hyatt House, Gaithersburg, MD [Member] | Assets Held-for-sale [Member]
Business Acquisition [Line Items]
Assets held-for-sale, long lived				$ 15,987,000
Hampton Inn, Pearl Street, NY [Member] | Disposal Group, Disposed of by Sale, Not Discontinued Operations [Member]
Business Acquisition [Line Items]
Total sales price	$ 32,400,000
Approximate gain (loss) on sale	$ 1,000,000

Investment In Hotel Propertie37

Investment In Hotel Properties (Assets Held For Sale ) (Details) - USD ($)	Jun. 30, 2018	Dec. 31, 2017
Long Lived Assets Held-for-sale [Line Items]
Assets Held for Sale	$ 0	$ 15,987,000
Assets Held-for-sale [Member]
Long Lived Assets Held-for-sale [Line Items]
Assets Held for Sale	$ 0
Hyatt House, Gaithersburg, MD [Member] | Assets Held-for-sale [Member]
Long Lived Assets Held-for-sale [Line Items]
Assets held for sale, gross		27,419,000
Less: Accumulated Depreciation & Amortization		(11,432,000)
Assets Held for Sale		15,987,000
Hyatt House, Gaithersburg, MD [Member] | Land [Member] | Assets Held-for-sale [Member]
Long Lived Assets Held-for-sale [Line Items]
Assets held for sale, gross		2,911,000
Hyatt House, Gaithersburg, MD [Member] | Building and Improvements [Member] | Assets Held-for-sale [Member]
Long Lived Assets Held-for-sale [Line Items]
Assets held for sale, gross		20,168,000
Hyatt House, Gaithersburg, MD [Member] | Furniture, Fixtures And Equipment [Member] | Assets Held-for-sale [Member]
Long Lived Assets Held-for-sale [Line Items]
Assets held for sale, gross		$ 4,340,000

Investment In Hotel Propertie38

Investment In Hotel Properties (Condensed Pro Forma Financial Data) (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended				6 Months Ended
	Jun. 30, 2018		Jun. 30, 2017		Jun. 30, 2018	Jun. 30, 2017
Property, Plant and Equipment [Abstract]
Pro Forma Total Revenues	$ 133,840		$ 147,914		$ 236,102	$ 269,360
Pro Forma Net Income	11,837		87,979		3,036	116,999
(Income) Loss Allocated to Noncontrolling Interest	700		(4,953)		1,778	(6,316)
Preferred Distributions	(6,043)		(6,042)		(12,087)	(12,084)
Pro Forma Income (Loss) Applicable to Common Shareholders	$ 6,494		$ 76,984		$ (7,273)	$ 94,578
Pro Forma Income (Loss) Applicable to Common Shareholders per Common Share
Basic (in dollars per share)	$ 0.17		$ 1.84		$ (0.18)	$ 2.27
Diluted (in dollars per share)	$ 0.16		$ 1.82		$ (0.18)	$ 2.24
Weighted Average Common Shares Outstanding
Basic (in shares)	39,246,946		41,737,044		39,440,481	41,727,056
Diluted (in shares)	39,926,099	[1]	42,207,841	[1]	39,440,481	42,201,126
[1]	Income allocated to noncontrolling interest in Hersha Hospitality Limited Partnership (the “Operating Partnership” or “HHLP”) has been excluded from the numerator and the Class A common shares issuable upon any redemption of the Operating Partnership’s common units of limited partnership interest (“Common Units”) and the Operating Partnership’s vested LTIP units (“Vested LTIP Units”) have been omitted from the denominator for the purpose of computing diluted earnings per share because the effect of including these shares and units in the numerator and denominator would have no impact. In addition, potentially dilutive common shares, if any, have been excluded from the denominator if they are anti-dilutive to income applicable to common shareholders.

Investment In Unconsolidated 39

Investment In Unconsolidated Joint Ventures (Investment In Unconsolidated Joint Ventures) (Details) - USD ($) $ in Thousands	Jun. 30, 2018	Dec. 31, 2017
Investments in Unconsolidated Joint Ventures [Line Items]
Investment in unconsolidated joint ventures	$ 3,406	$ 3,569
SB Partners, LLC [Member] | Holiday Inn Express, South Boston, MA [Member]
Investments in Unconsolidated Joint Ventures [Line Items]
Percent owned	50.00%
Investment in unconsolidated joint ventures	$ 1,494	1,407
Hiren Boston, LLC [Member] | Courtyard by Marriott, South Boston, MA [Member]
Investments in Unconsolidated Joint Ventures [Line Items]
Percent owned	50.00%
Investment in unconsolidated joint ventures	$ 1,912	2,162
Cindat Hersha Owner JV, LLC [Member] | Hilton And IHG Branded Hotels In NYC [Member]
Investments in Unconsolidated Joint Ventures [Line Items]
Percent owned	31.20%
Investment in unconsolidated joint ventures	$ 0	$ 0

Investment In Unconsolidated 40

Investment In Unconsolidated Joint Ventures (Narrative) (Details) - USD ($) $ in Thousands	Jan. 03, 2017	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017	Dec. 31, 2017
Investments in Unconsolidated Joint Ventures [Line Items]
Gain from Remeasurement of Investment in Unconsolidated Joint Venture		$ 0	$ 0	$ 0	$ 16,239
Proceeds from equity method investment, return of capital				47,925	$ 0
Investment in Unconsolidated Joint Ventures		$ 3,406		3,406		$ 3,569
Mystic Marriott Hotel Spa [Member]
Investments in Unconsolidated Joint Ventures [Line Items]
Percent owned after transaction	100.00%
Proceeds of redemption and transfer of minority interest	$ 11,623
Business acquisition, mortgage debt assumed, principal balance	$ 41,333
Gain from Remeasurement of Investment in Unconsolidated Joint Venture				16,239
Cindat Hersha Owner Jv Llc Preferred Equity Interest [Member]
Investments in Unconsolidated Joint Ventures [Line Items]
Proceeds from equity method investment, return of capital				$ 47,738
Hersha Hospitality Limited Partnership [Member] | Cindat Hersha Owner JV, LLC [Member]
Investments in Unconsolidated Joint Ventures [Line Items]
Percent owned (in hundredths)		31.20%		31.20%
Hersha Hospitality Limited Partnership [Member] | Cindat Hersha Owner JV, LLC [Member] | Junior Common Equity Interest [Member]
Investments in Unconsolidated Joint Ventures [Line Items]
Common equity interest		$ 64,357		$ 64,357
Cindat Capital Management Limited [Member] | Cindat Hersha Owner JV, LLC [Member]
Investments in Unconsolidated Joint Ventures [Line Items]
Preferred joint venture partner, ownership percentage				68.80%
Cindat Capital Management Limited [Member] | Cindat Hersha Owner JV, LLC [Member] | Scenario, Plan [Member]
Investments in Unconsolidated Joint Ventures [Line Items]
Common equity interest return				8.00%
Common equity interest, return, annual reduction				0.50%
Common equity interest, return, annual reduction, term				4 years
Cindat Capital Management Limited [Member] | Cindat Hersha Owner JV, LLC [Member] | Senior Common Equity Interest [Member]
Investments in Unconsolidated Joint Ventures [Line Items]
Common equity interest		$ 142,000		$ 142,000
Cindat Capital Management Limited [Member] | Cindat Hersha Owner JV, LLC [Member] | Junior Common Equity Interest [Member]
Investments in Unconsolidated Joint Ventures [Line Items]
Common equity interest return				9.50%

Investment In Unconsolidated 41

Investment In Unconsolidated Joint Ventures (Income Or Loss From Unconsolidated Joint Ventures) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017
Investments in Unconsolidated Joint Ventures [Line Items]
Income (loss) from unconsolidated joint venture investments	$ 537	$ 711	$ 336	$ (3,175)
SB Partners, LLC [Member]
Investments in Unconsolidated Joint Ventures [Line Items]
Income (loss) from unconsolidated joint venture investments	181	288	87	235
Hiren Boston, LLC [Member]
Investments in Unconsolidated Joint Ventures [Line Items]
Income (loss) from unconsolidated joint venture investments	356	423	249	307
Cindat Hersha Owner JV, LLC [Member]
Investments in Unconsolidated Joint Ventures [Line Items]
Income (loss) from unconsolidated joint venture investments	$ 0	$ 0	$ 0	$ (3,717)

Investment In Unconsolidated 42

Investment In Unconsolidated Joint Ventures (Summary Financial Information Related To Unconsolidated Joint Ventures) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017	Dec. 31, 2017
Assets
Investment in Hotel Properties, Net	$ 571,056		$ 571,056		$ 568,724
Other Assets	26,032		26,032		46,158
Total Assets	597,088		597,088		614,882
Liabilities and Equity
Mortgages and Notes Payable	415,845		415,845		359,121
Other Liabilities	7,938		7,938		7,901
Equity:
Hersha Hospitality Trust	21,952		21,952		88,936
Joint Venture Partner(s)	150,995		150,995		159,182
Accumulated Other Comprehensive Income (Loss)	358		358		(258)
Total Equity	173,305		173,305		247,860
Total Liabilities and Equity	597,088		597,088		$ 614,882
Statement of Operations [Abstract]
Room Revenue	26,682	$ 25,812	43,414	$ 41,008
Other Revenue	505	504	964	954
Operating Expenses	(11,572)	(11,270)	(21,728)	(20,356)
Lease Expense	(164)	(155)	(329)	(339)
Property Taxes and Insurance	(2,906)	(2,748)	(5,816)	(5,496)
General and Administrative	(1,477)	(1,372)	(2,601)	(2,527)
Depreciation and Amortization	(3,190)	(3,061)	(6,368)	(6,005)
Interest Expense	(6,326)	(5,188)	(12,064)	(10,099)
Loss on Debt Extinguishment	0	0	(7,284)	0
Net Income (Loss)	$ 1,552	$ 2,522	$ (11,812)	$ (2,860)

Investment In Unconsolidated 43

Investment In Unconsolidated Joint Ventures (Reconciliation Of Share In Unconsolidated Joint Ventures' Equity In Investment In Unconsolidated Joint Ventures) (Details) - USD ($) $ in Thousands	Jun. 30, 2018	Dec. 31, 2017
Equity Method Investments and Joint Ventures [Abstract]
Our share of equity recorded on the joint ventures' financial statements	$ 21,952	$ 88,936
Adjustment to reconcile our share of equity recorded on the joint ventures' financial statements to our investment in unconsolidated joint ventures(1)	(18,546)	(85,367)
Investment in Unconsolidated Joint Ventures	$ 3,406	$ 3,569

Other Assets (Other Assets) (De

Other Assets (Other Assets) (Details) - USD ($) $ in Thousands	Jun. 30, 2018	Dec. 31, 2017
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Derivative Asset	$ 8,627	$ 4,282
Deferred Financing Costs	2,102	2,360
Prepaid Expenses	11,476	10,580
Investment in Statutory Trusts	1,548	1,548
Investment in Non-Hotel Property and Inventories	3,410	3,948
Deposits with Unaffiliated Third Parties	2,910	2,361
Deferred Tax Asset, Net of Valuation Allowance of $497	12,419	10,934
Property Insurance Receivable	2,002	10,023
Other	3,863	3,877
Total other assets	48,357	$ 49,913
Deferred tax assets, valuation allowance	$ 497

Other Assets (Narrative) (Detai

Other Assets (Narrative) (Details) - USD ($) $ in Thousands	Jun. 30, 2018	Dec. 31, 2017
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Deferred tax assets, net	$ 12,419	$ 10,934

Debt (Mortgages Narrative) (Det

Debt (Mortgages Narrative) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017	Dec. 31, 2017
Mortgages and Notes Payable [Abstract]
Mortgage Indebtedness	$ 697,826		$ 697,826		$ 715,449
Net Unamortized Deferred Financing Costs	(3,074)		(3,074)		(3,451)
Mortgages [Member]
Mortgages and Notes Payable [Abstract]
Mortgage Indebtedness	335,658		335,658		308,508
Net Unamortized Premium	1,551		1,551		1,802
Net Unamortized Deferred Financing Costs	(2,545)		(2,545)		(2,627)
Mortgages Payable	334,664		334,664		$ 307,683
Interest expense	$ 3,888	$ 3,060	$ 7,307	$ 6,030
Debt covenant compliance status			We have determined that all debt covenants contained in the loan agreements securing our consolidated hotel properties were met as of June 30, 2018.
Maturity date range, start			Jun. 1, 2019
Maturity date range, end			Sep. 1, 2025
Minimum [Member] | Mortgages [Member]
Mortgages and Notes Payable [Abstract]
Debt instrument, interest rate, effective percentage	4.09%		4.09%
Maximum [Member] | Mortgages [Member]
Mortgages and Notes Payable [Abstract]
Debt instrument, interest rate, effective percentage	6.30%		6.30%

Debt (Unsecured Notes Payable N

Debt (Unsecured Notes Payable Narrative) (Details) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2018USD ($)loan	Jun. 30, 2017USD ($)	Jun. 30, 2018USD ($)loan	Jun. 30, 2017USD ($)	Dec. 31, 2017USD ($)
Subordinated Notes Payable [Abstract]
Net unamortized deferred financing costs	$ 3,074		$ 3,074		$ 3,451
Junior Subordinated Debt [Member] | Hersha Statutory Trust I and Hersha Statutory Trust II [Member]
Subordinated Notes Payable [Abstract]
Number of debt instruments | loan	2		2
Subordinated notes payable	$ 51,548		$ 51,548
Maturity date			Jul. 30, 2035
Number of business days prior to quarterly interest payments for resetting rates			2 days
Net unamortized deferred financing costs	$ 891		$ 891		$ 917
Debt instrument, interest rate during period (in hundredths)	5.23%	4.20%	4.93%	4.08%
Interest expense	$ 674	$ 541	$ 1,288	$ 1,053
Junior Subordinated Debt [Member] | Hersha Statutory Trust I [Member]
Subordinated Notes Payable [Abstract]
Subordinated notes payable	25,774		$ 25,774
Debt instrument, description of variable rate basis			LIBOR
Debt instrument, basis spread on variable rate (in hundredths)			3.00%
Junior Subordinated Debt [Member] | Hersha Statutory Trust II [Member]
Subordinated Notes Payable [Abstract]
Subordinated notes payable	$ 25,774		$ 25,774
Debt instrument, description of variable rate basis			LIBOR
Debt instrument, basis spread on variable rate (in hundredths)			3.00%

Debt (Credit Facilities Narrati

Debt (Credit Facilities Narrative) (Details)	3 Months Ended		6 Months Ended
	Jun. 30, 2018USD ($)agreement	Jun. 30, 2017USD ($)	Jun. 30, 2018USD ($)agreement	Jun. 30, 2017USD ($)
Short-term Debt [Line Items]
Number of unsecured credit agreements | agreement	3		3
Debt instrument, face amount	$ 950,900,000		$ 950,900,000
Line of credit facility covenant minimum tangible net worth	$ 1,075,000,000		$ 1,075,000,000
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%		95.00%
Line of credit facility covenant maximum leverage ratio (in hundredths)	60.00%		60.00%
Line of credit facility covenant maximum secured debt leverage ratio (in hundredths)	45.00%		45.00%
Minimum [Member]
Short-term Debt [Line Items]
Line of credit facility covenant fixed charge coverage ratio	1.50		1.50
$500 Million Senior Unsecured Credit Agreement ("Credit Facility") [Member]
Short-term Debt [Line Items]
Renewal period of line of credit			1 year
Revolving line of credit, current borrowing capacity	$ 457,000,000		$ 457,000,000
Line of credit, expiration date			Aug. 10, 2022
Revolving line of credit, maximum borrowing capacity	857,000,000		$ 857,000,000
Revolving Line Of Credit [Member]
Short-term Debt [Line Items]
Revolving line of credit, current borrowing capacity	250,000,000		$ 250,000,000
Description of variable rate basis			one month U.S. LIBOR
Line of Credit Facility, Covenant Terms			The Credit Facility and the Term Loans 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 $1,075,000, 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 all of the covenants as of June 30, 2018.
Interest Expense, on credit facilities	$ 7,661,000	$ 5,914,000	$ 14,773,000	$ 11,222,000
Line of credit, weighted average interest rate (in hundredths)	3.73%	3.35%	3.69%	3.22%
$250 Million Unsecured Term Loan ("First Term Loan") [Member]
Short-term Debt [Line Items]
Debt instrument, face amount	$ 207,000,000		$ 207,000,000
$300 Million Senior Unsecured Term Loan Agreement ("Second Term Loan")[Member]
Short-term Debt [Line Items]
Debt instrument, face amount	300,000,000		$ 300,000,000
Maturity date			Aug. 10, 2020
$200 Million Senior Unsecured Term Loan Agreement ("Third Term Loan")[Member]
Short-term Debt [Line Items]
Debt instrument, face amount	$ 193,900,000		$ 193,900,000
Maturity date			Aug. 2, 2021

Debt (Summary Of The Balances O

Debt (Summary Of The Balances Outstanding And Interest Rate Spread) (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2018	Dec. 31, 2017
Short-term Debt [Line Items]
Outstanding balance, line of credit	$ 26,000	$ 16,100
Outstanding balance, term loans	697,826	715,449
Deferred Loan Costs	(3,074)	(3,451)
$250 Million Senior Unsecured Revolving Line Of Credit ("Line of Credit") [Member]
Short-term Debt [Line Items]
Outstanding balance, line of credit	26,000	16,100
$250 Million Unsecured Term Loan ("First Term Loan") [Member]
Short-term Debt [Line Items]
Outstanding balance, term loans	207,000	225,000
$300 Million Senior Unsecured Term Loan Agreement ("Second Term Loan")[Member]
Short-term Debt [Line Items]
Outstanding balance, term loans	300,000	300,000
$200 Million Senior Unsecured Term Loan Agreement ("Third Term Loan")[Member]
Short-term Debt [Line Items]
Outstanding balance, term loans	$ 193,900	$ 193,900
Minimum [Member] | $250 Million Senior Unsecured Revolving Line Of Credit ("Line of Credit") [Member]
Short-term Debt [Line Items]
Basis spread on variable rate (in hundredths)	1.70%
Minimum [Member] | $250 Million Unsecured Term Loan ("First Term Loan") [Member]
Short-term Debt [Line Items]
Basis spread on variable rate (in hundredths)	1.45%
Minimum [Member] | $300 Million Senior Unsecured Term Loan Agreement ("Second Term Loan")[Member]
Short-term Debt [Line Items]
Basis spread on variable rate (in hundredths)	1.50%
Minimum [Member] | $200 Million Senior Unsecured Term Loan Agreement ("Third Term Loan")[Member]
Short-term Debt [Line Items]
Basis spread on variable rate (in hundredths)	1.45%
Maximum [Member] | $250 Million Senior Unsecured Revolving Line Of Credit ("Line of Credit") [Member]
Short-term Debt [Line Items]
Basis spread on variable rate (in hundredths)	2.45%
Maximum [Member] | $250 Million Unsecured Term Loan ("First Term Loan") [Member]
Short-term Debt [Line Items]
Basis spread on variable rate (in hundredths)	2.20%
Maximum [Member] | $300 Million Senior Unsecured Term Loan Agreement ("Second Term Loan")[Member]
Short-term Debt [Line Items]
Basis spread on variable rate (in hundredths)	2.25%
Maximum [Member] | $200 Million Senior Unsecured Term Loan Agreement ("Third Term Loan")[Member]
Short-term Debt [Line Items]
Basis spread on variable rate (in hundredths)	2.20%

Debt (Capitalized Interest and

Debt (Capitalized Interest and Deferred Financing Costs) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017
Debt Disclosure [Abstract]
Capitalized interest	$ 206	$ 0	$ 304	$ 0
Amortization of deferred costs	$ 443	$ 614	$ 872	$ 1,262

Debt (New Debt_Refinance Narrat

Debt (New Debt/Refinance Narrative) (Details) - USD ($)	3 Months Ended
	Jun. 30, 2018	Apr. 13, 2018	Jan. 31, 2018
Debt Instrument [Line Items]
Debt instrument, face amount	$ 950,900,000
Derivative, cap interest rate	3.35%
London Interbank Offered Rate (LIBOR) [Member]
Debt Instrument [Line Items]
Debt instrument, basis spread on variable rate (in hundredths)	2.65%
Capitol Hill Hotel, Washington, D.C. [Member]
Debt Instrument [Line Items]
Debt instrument, face amount			$ 25,000
Annapolis Waterfront Hotel, MD [Member]
Debt Instrument [Line Items]
Debt instrument, face amount		$ 28,000
Annapolis Waterfront Hotel, MD [Member] | London Interbank Offered Rate (LIBOR) [Member]
Debt Instrument [Line Items]
Derivative, cap interest rate	6.00%

Commitments And Contingencies52

Commitments And Contingencies And Related Party Transactions (Narrative) (Details) - USD ($)	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017	Dec. 31, 2017
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	$ 3,457,000	$ 3,689,000	$ 6,146,000	$ 6,558,000
Incentive management fees incurred	0	0	$ 0	0
Franchise Agreements [Abstract]
Terms of franchise agreements, minimum			10 years
Terms of franchise agreements, maximum			20 years
Franchise fee expense	6,330,000	6,443,000	$ 10,995,000	11,552,000
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	312,000	335,000	607,000	671,000
Information technology fees	101,000	110,000	$ 197,000	223,000
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	411,000	321,000	$ 923,000	641,000
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	63,000	23,000	$ 130,000	81,000
Charges for capital expenditure purchases	459,000	501,000	957,000	862,000
Capital expenditures included in accounts payable			6,000		$ 6,000
Due from Related Parties, Unclassified [Abstract]
Due from related parties	4,949,000		4,949,000		5,322,000
Due to Related Parties [Abstract]
Due to related parties	0		0		$ 0
Hotel Ground Rent [Abstract]
Rent expense related to ground leases	$ 1,349,000	$ 894,000	$ 2,277,000	$ 1,701,000

Fair Value Measurements And D53

Fair Value Measurements And Derivative Instruments (Fair Value Of Interest Rate Swaps And Caps) (Details) - USD ($)	Mar. 23, 2017	Mar. 14, 2017	Jun. 30, 2018	Dec. 31, 2017
Derivatives, Fair Value [Line Items]
Estimated Fair Value			$ 8,627,000	$ 4,282,000
Interest Rate Swap [Member] | Unsecured Credit Facility November 3, 2016 [Member]
Derivatives, Fair Value [Line Items]
Notional Amount			$ 150,000,000
Strike Rate			1.011%
Index: variable interest rate basis			2.20%
Effective Date			Nov. 3, 2016
Derivative Contract Maturity Date			Oct. 3, 2019
Estimated Fair Value			$ 2,733,000	2,362,000
Interest Rate Swap [Member] | Hilton Garden Inn 52nd Street, New York, NY [Member]
Derivatives, Fair Value [Line Items]
Notional Amount			$ 44,325,000
Strike Rate			1.60%
Index: variable interest rate basis			2.90%
Effective Date			Feb. 24, 2017
Derivative Contract Maturity Date			Feb. 24, 2020
Estimated Fair Value			$ 684,000	340,000
Interest Rate Swap [Member] | Courtyard, LA Westside, Culver City, CA [Member]
Derivatives, Fair Value [Line Items]
Notional Amount			$ 35,000,000
Strike Rate			1.683%
Index: variable interest rate basis			2.75%
Effective Date			Aug. 1, 2017
Derivative Contract Maturity Date			Aug. 1, 2020
Estimated Fair Value			$ 668,000	290,000
Interest Rate Swap II [Member] | Unsecured Credit Facility April 3, 2017 [Member]
Derivatives, Fair Value [Line Items]
Notional Amount		$ 50,000,000	$ 50,000,000
Strike Rate		3.894%	1.694%
Index: variable interest rate basis			2.20%
Effective Date		Apr. 3, 2017	Apr. 3, 2017
Derivative Contract Maturity Date		Oct. 3, 2019	Oct. 3, 2019
Estimated Fair Value			$ 479,000	187,000
Interest Rate Swap II [Member] | Unsecured Credit Facility August 10, 2017 [Member]
Derivatives, Fair Value [Line Items]
Notional Amount	$ 300,000,000		$ 300,000,000
Strike Rate	3.693%		1.443%
Index: variable interest rate basis			2.25%
Effective Date	Aug. 10, 2017		Aug. 10, 2017
Derivative Contract Maturity Date	Aug. 10, 2020		Aug. 10, 2020
Estimated Fair Value			$ 3,995,000	1,100,000
Interest Rate Swap II [Member] | Unsecured Credit Facility August 10, 2018 [Member]
Derivatives, Fair Value [Line Items]
Strike Rate	4.1155%
Interest Rate Swap II [Member] | Unsecured Credit Facility August 12, 2019 [Member]
Derivatives, Fair Value [Line Items]
Strike Rate	4.3925%
Interest Rate Cap [Member] | Hyatt Union Square, New York, NY [Member]
Derivatives, Fair Value [Line Items]
Notional Amount			$ 55,750,000
Strike Rate			3.00%
Index: variable interest rate basis			2.30%
Effective Date			Jun. 10, 2015
Derivative Contract Maturity Date			Jun. 10, 2019
Estimated Fair Value			$ 3,000	3,000
Interest Rate Cap [Member] | Annapolis Waterfront Hotel, MD [Member]
Derivatives, Fair Value [Line Items]
Notional Amount			$ 28,000,000
Strike Rate			3.35%
Index: variable interest rate basis			2.65%
Effective Date			May 1, 2018
Derivative Contract Maturity Date			May 1, 2021
Estimated Fair Value			$ 65,000	$ 0

Fair Value Measurements And D54

Fair Value Measurements And Derivative Instruments (Narrative) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017	Dec. 31, 2017
Derivatives, Fair Value [Line Items]
Unrealized gain (loss) recognized in accumulated other comprehensive income	$ 717	$ (1,309)	$ 4,349	$ (1,239)
Unrealized gain (loss) reclassified from accumulated other comprehensive income to interest expense	745	$ 130	1,019	$ 280
Gain (loss) to be reclassified to interest expense during next 12 months	4,460		4,460
Carrying (Reported) Amount, Fair Value Disclosure [Member]
Derivatives, Fair Value [Line Items]
Carrying value and estimated fair value of debt	1,109,147		1,109,147		$ 1,093,013
Estimate of Fair Value, Fair Value Disclosure [Member]
Derivatives, Fair Value [Line Items]
Carrying value and estimated fair value of debt	$ 1,095,764		$ 1,095,764		$ 1,073,190

Share Based Payments (Narrative

Share Based Payments (Narrative) (Details) - USD ($) $ / shares in Units, $ in Thousands	Jun. 05, 2018	Dec. 29, 2017	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017	Dec. 31, 2017
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
LTIP unit issuance (in shares)					0
Stock based compensation expense			$ 3,123	$ 2,527	$ 4,729	$ 3,956
Unearned compensation			4,955		$ 4,955		$ 768
Shares issued (in shares)					870,557
Annual Long Term Equity Incentive Programs [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock based compensation expense			1,831	1,537	$ 2,617	2,105
Unearned compensation			4,955		$ 4,955		768
2018 Multi-Year Long Term Equity Incentive Program [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Terms of share-based payment awards					On March 8, 2018, the Compensation Committee approved the 2018 Multi-Year Long Term Equity Incentive Program ("2018 Multi-Year EIP"). This program has a three-year performance period which commenced on January 1, 2018 and ends December 31, 2020. As of June 30, 2018, no shares or LTIP Units have been issued to the executive officers in settlement of 2018 Multi-Year EIP awards.
Multi-Year LTIP [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock based compensation expense			337	309	$ 889	980
Unearned compensation			$ 2,874		$ 2,874		1,688
Shareholders return as percentage of award for achievement level one (in hundredths)			37.50%		37.50%
Shareholders return as percentage of award for achievement level two (in hundredths)			37.50%		37.50%
Shareholders return as percentage of award for achievement level three (in hundredths)			25.00%		25.00%
Shares issued (in shares)					24,672
Multi-year LTIP Trustee [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock based compensation expense			$ 26	20	$ 53	39
Unearned compensation			194		194		247
Restricted Common Shares [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock based compensation expense			240	154	397	286
Restricted Share Awards [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unearned compensation			539		$ 539		648
Shares issued (in shares)					102,562
Board Fee Compensation [Member] | Multi-year LTIP Trustee [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock based compensation expense			$ 50	23	$ 101	47
Percentage premium on retainer equity option (in hundredths)			25.00%		25.00%
Share Awards [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock based compensation expense			$ 0	0	$ 420	322
Shares issued (in shares)	19,752
Share price on date of grant (in dollars per share)	$ 21.24
Non-employees [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock based compensation expense			219	$ 162	252	$ 177
Unearned compensation			131		$ 131		135
Shares issued (in shares)					29,725
Issued 12-29-2017 [Member] | Multi-year LTIP Trustee [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unearned compensation			131		$ 131		157
Shares issued (in shares)					9,000
Issued 12-29-2017 [Member] | Board Fee Compensation [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unearned compensation			$ 101		$ 101		$ 202
Shares issued (in shares)		11,587			11,587
Share price on date of grant (in dollars per share)					$ 17.40

Share Based Payments (Summary O

Share Based Payments (Summary Of Unvested Share Awards Issued To Executives And Employees) (Details) - USD ($) $ / shares in Units, $ in Thousands	6 Months Ended
	Jun. 30, 2018	Dec. 31, 2017
Unvested Share Awards [Abstract]
Shares issued (in shares)	870,557
Shares vested (in shares)	271,012	266,376
Unearned compensation	$ 4,955	$ 768
Vesting schedule (in hundredths)	25.00%
Restricted Share Awards [Member]
Unvested Share Awards [Abstract]
Shares issued (in shares)	102,562
Shares vested (in shares)	71,239	39,860
Unearned compensation	$ 539	$ 648
Vesting schedule (in hundredths)	25.00%
Restricted Share Awards [Member] | Original Year Of Issuance Date 2018 [Member]
Unvested Share Awards [Abstract]
Shares issued (in shares)	15,494
Vesting period	2 years
Shares vested (in shares)	3,189	0
Unearned compensation	$ 201	$ 0
Vesting schedule (in hundredths)	50.00%
Restricted Share Awards [Member] | Original Year Of Issuance Date 2017 [Member]
Unvested Share Awards [Abstract]
Shares issued (in shares)	42,071
Vesting period	2 years
Shares vested (in shares)	24,287	885
Unearned compensation	$ 306	$ 515
Vesting schedule (in hundredths)	50.00%
Restricted Share Awards [Member] | Original Year Of Issuance Date 2016 [Member]
Unvested Share Awards [Abstract]
Shares issued (in shares)	29,294
Vesting period	2 years
Shares vested (in shares)	29,294	18,160
Unearned compensation	$ 0	$ 84
Vesting schedule (in hundredths)	50.00%
Restricted Share Awards [Member] | Original Year of Issuance Date 2015 [Member]
Unvested Share Awards [Abstract]
Shares issued (in shares)	15,703
Shares vested (in shares)	14,469	20,815
Unearned compensation	$ 32	$ 49
Share price on date of grant (in dollars per share)	$ 28.09
Minimum [Member] | Restricted Share Awards [Member] | Original Year Of Issuance Date 2018 [Member]
Unvested Share Awards [Abstract]
Share price on date of grant (in dollars per share)	17.91
Minimum [Member] | Restricted Share Awards [Member] | Original Year Of Issuance Date 2017 [Member]
Unvested Share Awards [Abstract]
Share price on date of grant (in dollars per share)	18.47
Minimum [Member] | Restricted Share Awards [Member] | Original Year Of Issuance Date 2016 [Member]
Unvested Share Awards [Abstract]
Share price on date of grant (in dollars per share)	$ 18.02
Minimum [Member] | Restricted Share Awards [Member] | Original Year of Issuance Date 2015 [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 2018 [Member]
Unvested Share Awards [Abstract]
Share price on date of grant (in dollars per share)	$ 21.20
Maximum [Member] | Restricted Share Awards [Member] | Original Year Of Issuance Date 2017 [Member]
Unvested Share Awards [Abstract]
Share price on date of grant (in dollars per share)	18.53
Maximum [Member] | Restricted Share Awards [Member] | Original Year Of Issuance Date 2016 [Member]
Unvested Share Awards [Abstract]
Share price on date of grant (in dollars per share)	$ 21.11
Maximum [Member] | Restricted Share Awards [Member] | Original Year of Issuance Date 2015 [Member]
Unvested Share Awards [Abstract]
Vesting period	4 years
Vesting schedule (in hundredths)	50.00%
2017 Annual Long Term Equity Incentive Program (2017 Annual EIP) [Member] | Issued 3-28-2018 [Member]
Unvested Share Awards [Abstract]
Weighted Average Share Price	$ 17.91
Shares issued (in shares)	564,434
Vesting period	3 years
Shares vested (in shares)	72,106	0
Unearned compensation	$ 4,495	$ 0
Vesting schedule (in hundredths)	25.00%
2017 Annual Long Term Equity Incentive Program (2017 Annual EIP) [Member] | LTIP Units [Member] | Issued 3-28-2018 [Member]
Unvested Share Awards [Abstract]
Shares issued (in shares)	276,000
Vesting period	2 years
2016 Annual Long Term Equity Incentive Program (“2016 Annual EIP”) [Member] | Issued 03-28-2017 [Member]
Unvested Share Awards [Abstract]
Weighted Average Share Price	$ 18.53
Shares issued (in shares)	122,727
Vesting period	3 years
Shares vested (in shares)	61,362	137,544
Unearned compensation	$ 331	$ 510
Vesting schedule (in hundredths)	25.00%
2015 Annual Long Term Equity Incentive Program (“2015 Annual EIP”) [Member] | Issued 03-30-2016 [Member]
Unvested Share Awards [Abstract]
Weighted Average Share Price	$ 21.11
Shares issued (in shares)	183,396
Vesting period	3 years
Shares vested (in shares)	137,544	128,832
Unearned compensation	$ 129	$ 258
Vesting schedule (in hundredths)	25.00%
2018 Multi-Year Long Term Equity Incentive Program (2018 Multi-Year EIP) [Member] | Compensation Committee Approval Date March 9, 2018 [Member]
Unvested Share Awards [Abstract]
Weighted Average Share Price	$ 11.06
Shares issued (in shares)	0
Performance period	1/1/2018 to 12/31/2020
Shares vested (in shares)	0	0
Unearned compensation	$ 1,524	$ 0
2017 Multi-Year Long Term Equity Incentive Program (“2017 Multi-Year EIP”) [Member] | Compensation Committee Approval Date March 10, 2017 [Member]
Unvested Share Awards [Abstract]
Weighted Average Share Price	$ 9.25
Shares issued (in shares)	0
Performance period	1/1/2017 to 12/31/2019
Shares vested (in shares)	0	0
Unearned compensation	$ 748	$ 898
2016 Multi-Year Long Term Equity Incentive Program (“2016 Multi-Year EIP”) [Member] | Compensation Committee Approval Date March 17, 2016 [Member]
Unvested Share Awards [Abstract]
Weighted Average Share Price	$ 11.25
Shares issued (in shares)	0
Performance period	1/1/2016 to 12/31/2018
Shares vested (in shares)	0	0
Unearned compensation	$ 444	$ 592
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]
Weighted Average Share Price	$ 10.06
Shares issued (in shares)	24,672
Performance period	1/1/2015 to 12/31/2017
Shares vested (in shares)	12,335	0
Unearned compensation	$ 158	$ 198
Multi-Year LTIP [Member]
Unvested Share Awards [Abstract]
Shares issued (in shares)	24,672
Shares vested (in shares)	12,335	0
Unearned compensation	$ 2,874	$ 1,688

Share Based Payments (Summary57

Share Based Payments (Summary Of Unvested Share Awards Issued To Trustees) (Details) - USD ($) $ / shares in Units, $ in Thousands	Dec. 29, 2017	Jun. 30, 2018	Dec. 31, 2017
Unvested Share Awards [Abstract]
Shares issued (in shares)		870,557
Vesting schedule (in hundredths)		25.00%
Shares vested (in shares)		271,012	266,376
Unearned compensation		$ 4,955	$ 768
Board Fee Compensation [Member] | Issued 12-29-2017 [Member]
Unvested Share Awards [Abstract]
Shares issued (in shares)	11,587	11,587
Share price on date of grant (in dollars per share)		$ 17.40
Vesting period		12 months
Vesting schedule (in hundredths)		100.00%
Unearned compensation		$ 101	$ 202
Multi-year LTIP Trustee [Member]
Unvested Share Awards [Abstract]
Shares vested (in shares)		3,340	3,340
Unearned compensation		$ 194	$ 247
Multi-year LTIP Trustee [Member] | Issued 12-29-2017 [Member]
Unvested Share Awards [Abstract]
Weighted Average Share Price		$ 17.40
Shares issued (in shares)		9,000
Vesting period		3 years
Vesting schedule (in hundredths)		33.33%
Shares vested (in shares)		0	0
Unearned compensation		$ 131	$ 157
Multi-year LTIP Trustee [Member] | Issued 12-30-2016 [Member]
Unvested Share Awards [Abstract]
Weighted Average Share Price		$ 21.50
Shares issued (in shares)		5,000
Vesting period		3 years
Vesting schedule (in hundredths)		33.33%
Shares vested (in shares)		1,670	1,670
Unearned compensation		$ 54	$ 72
Multi-year LTIP Trustee [Member] | Issued 03-30-2016 [Member]
Unvested Share Awards [Abstract]
Weighted Average Share Price		$ 21.11
Shares issued (in shares)		2,500
Vesting period		3 years
Vesting schedule (in hundredths)		33.33%
Shares vested (in shares)		1,670	1,670
Unearned compensation		$ 9	$ 18

Share Based Payments (Summary58

Share Based Payments (Summary Of Unvested Share Awards Issued To Nonemployees) (Details) - USD ($) $ / shares in Units, $ in Thousands	6 Months Ended
	Jun. 30, 2018	Dec. 31, 2017
Unvested Share Awards [Abstract]
Shares issued (in shares)	870,557
Vesting schedule (in hundredths)	25.00%
Shares vested (in shares)	271,012	266,376
Unearned compensation	$ 4,955	$ 768
Non-employees [Member]
Unvested Share Awards [Abstract]
Shares issued (in shares)	29,725
Shares vested (in shares)	22,226	7,625
Unearned compensation	$ 131	$ 135
Non-employees [Member] | Issued 03-28-2018 [Member]
Unvested Share Awards [Abstract]
Shares issued (in shares)	14,800
Share price on date of grant (in dollars per share)	$ 17.91
Vesting period	2 years
Vesting schedule (in hundredths)	50.00%
Shares vested (in shares)	7,301	0
Unearned compensation	$ 131	$ 0
Non-employees [Member] | Issued 03-30-2017 [Member]
Unvested Share Awards [Abstract]
Shares issued (in shares)	14,925
Share price on date of grant (in dollars per share)	$ 18.53
Vesting period	2 years
Vesting schedule (in hundredths)	50.00%
Shares vested (in shares)	14,925	7,625
Unearned compensation	$ 0	$ 135

Earnings Per Share (Reconciliat

Earnings Per Share (Reconciliation Of Earnings Per Share) (Details) - USD ($) $ in Thousands	3 Months Ended				6 Months Ended
	Jun. 30, 2018		Jun. 30, 2017		Jun. 30, 2018	Jun. 30, 2017
Basic and Diluted
Net Income	$ 11,837		$ 84,788		$ 2,689	$ 110,743
Loss (Income) allocated to Noncontrolling Interests	700		(4,758)		1,804	(5,939)
Distributions to Preferred Shareholders	(6,043)		(6,042)		(12,087)	(12,084)
Dividends Paid on Unvested Restricted Shares and LTIP Units	(189)		(81)		(392)	(196)
Net Income (Loss) applicable to Common Shareholders	$ 6,305		$ 73,907		$ (7,986)	$ 92,524
DENOMINATOR:
Weighted average number of common shares - basic (in shares)	39,246,946		41,737,044		39,440,481	41,727,056
Effect of dilutive securities:
Restricted stock awards and LTIP units (unvested) (in shares)	407,471		238,465		0	195,112
Contingently issued shares and units (in shares)	271,682		232,332		0	278,958
Weighted average number of common shares - diluted (in shares)	39,926,099	[1]	42,207,841	[1]	39,440,481	42,201,126
[1]	Income allocated to noncontrolling interest in Hersha Hospitality Limited Partnership (the “Operating Partnership” or “HHLP”) has been excluded from the numerator and the Class A common shares issuable upon any redemption of the Operating Partnership’s common units of limited partnership interest (“Common Units”) and the Operating Partnership’s vested LTIP units (“Vested LTIP Units”) have been omitted from the denominator for the purpose of computing diluted earnings per share because the effect of including these shares and units in the numerator and denominator would have no impact. In addition, potentially dilutive common shares, if any, have been excluded from the denominator if they are anti-dilutive to income applicable to common shareholders.

Cash Flow Disclosures And Non60

Cash Flow Disclosures And Non Cash Investing And Financing Activities (Narrative) (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017
Supplemental Cash Flow Elements [Abstract]
Interest paid	$ 23,165	$ 19,209
Cash paid for income taxes	$ 1,127	$ 653

Cash Flow Disclosures And Non61

Cash Flow Disclosures And Non Cash Investing And Financing Activities (Non-cash Investing And Financing Activities) (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017
Noncash Investing and Financing Items [Abstract]
Common Shares issued as part of the Dividend Reinvestment Plan	$ 37	$ 45
Acquisition of hotel properties:
Assets acquired through joint venture assignment and assumption	0	50,000
Debt assumed, including premium	0	44,483
Deposit paid in prior period towards acquisition which closed in current period	1,000	0
Conversion of note payable and accrued interest to non-controlling interest	3,386	0
Conversion of Common Units to Common Shares	772	0
Issuance of share based payments	12,740	0
Accrued payables for capital expenditures placed into service	1,369	1,477
Cumulative Effect on Equity from the Adoption of ASC Subtopic 610-20	$ 129,021	$ 0

Cash Flow Disclosures And Non62

Cash Flow Disclosures And Non Cash Investing And Financing Activities (Reconciliation of Cash) (Details) - USD ($) $ in Thousands	Jun. 30, 2018	Dec. 31, 2017	Jun. 30, 2017	Dec. 31, 2016
Supplemental Cash Flow Elements [Abstract]
Cash and Cash Equivalents	$ 46,869	$ 17,945	$ 59,600
Escrowed cash	7,063	7,641	7,218
Total cash, cash equivalents, and restricted cash shown in the consolidated statements of cash flows	$ 53,932	$ 25,586	$ 66,818	$ 194,637

Uncategorized Items - ht-201806

Label	Element	Value
Parent [Member]
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest, Adjusted Balance	us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterestAdjustedBalance1	$ 957,096,000
Cumulative Effect of New Accounting Principle in Period of Adoption	us-gaap_CumulativeEffectOfNewAccountingPrincipleInPeriodOfAdoption	123,228,000
Accumulated Distributions in Excess of Net Income [Member]
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest, Adjusted Balance	us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterestAdjustedBalance1	(212,145,000)
Cumulative Effect of New Accounting Principle in Period of Adoption	us-gaap_CumulativeEffectOfNewAccountingPrincipleInPeriodOfAdoption	123,228,000
Preferred Stock [Member]
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest, Adjusted Balance	us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterestAdjustedBalance1	$ 147,000
Stockholders' Equity, Including Portion Attributable To Noncontrolling Interest, Shares, Adjusted Balance	ht_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterestSharesAdjustedBalance	14,701,700
Additional Paid-in Capital [Member]
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest, Adjusted Balance	us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterestAdjustedBalance1	$ 1,164,946,000
Common Stock [Member]
Stockholders' Equity, Including Portion Attributable To Noncontrolling Interest, Shares, Adjusted Balance	ht_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterestSharesAdjustedBalance	39,916,661
Noncontrolling Interest [Member]
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest, Adjusted Balance	us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterestAdjustedBalance1	$ 1,017,175,000
Cumulative Effect of New Accounting Principle in Period of Adoption	us-gaap_CumulativeEffectOfNewAccountingPrincipleInPeriodOfAdoption	129,021,000
AOCI Attributable to Parent [Member]
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest, Adjusted Balance	us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterestAdjustedBalance1	3,749,000
Noncontrolling Interests Common Units And Ltip Units [Member]
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest, Adjusted Balance	us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterestAdjustedBalance1	$ 60,079,000
Stockholders' Equity, Including Portion Attributable To Noncontrolling Interest, Shares, Adjusted Balance	ht_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterestSharesAdjustedBalance	3,223,366
Common Class B [Member] | Common Stock [Member]
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest, Adjusted Balance	us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterestAdjustedBalance1	$ 0
Common Class A [Member] | Common Stock [Member]
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest, Adjusted Balance	us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterestAdjustedBalance1	$ 399,000