Consolidated Statement Of Operations (USD $) In Thousands, except Share data, unless otherwise specified	3 Months Ended
	Mar. 31, 2014		Mar. 31, 2013
Revenue:
Hotel Operating Revenues	$ 79,917		$ 65,242
Interest Income from Development Loans			146
Other Revenues	33		205
Total Revenues	79,950		65,593
Operating Expenses:
Hotel Operating Expenses	48,776		40,176
Insurance Recoveries	(2,045)		(403)
Hotel Ground Rent	410		228
Real Estate and Personal Property Taxes and Property Insurance	6,806		5,816
General and Administrative (including Share Based Payments of $1,112 and $2,388 for the three months ended March 31, 2014 and 2013, respectively)	3,902		5,150
Acquisition and Terminated Transaction Costs	134		3
Depreciation and Amortization	16,343		12,698
Total Operating Expenses	74,326		63,668
Operating Income	5,624		1,925
Interest Income	398		456
Interest Expense	10,048		9,415
Other Expense	198
Loss on Debt Extinguishment	644		261
Loss Before Loss from Unconsolidated Joint Venture Investments, Income Taxes and Discontinued Operations	(4,868)		(7,295)
Loss from Unconsolidated Joint Venture Investments	(420)		(396)
Loss Before Income Taxes	(5,288)		(7,691)
Income Tax Benefit	108		1,130
Loss from Continuing Operations	(5,180)		(6,561)
Discontinued Operations (Note 12):
Gain on Disposition of Hotel Properties	138
Impairment of Discontinued Assets	(1,800)
Income (Loss) from Discontinued Operations, Net of Income Taxes	329		(1,115)
Loss from Discontinued Operations	(1,333)		(1,115)
Net Loss	(6,513)		(7,676)
Loss Allocated to Noncontrolling Interests	507		673
Preferred Distributions	(3,589)		(3,844)
Less: Extinguishment of Issuance Costs Upon Redemption of Series A Preferred Shares			(2,250)
Net Loss Applicable to Common Shareholders	$ (9,595)		$ (13,097)
BASIC
Loss from Continuing Operations Applicable to Common Shareholders	$ (0.04)		$ (0.06)
Loss from Discontinued Operations Applicable to Common Shareholders	$ (0.01)		$ (0.01)
Net Loss Income Applicable to Common Shareholders	$ (0.05)		$ (0.07)
DILUTED
Loss from Continuing Operations Applicable to Common Shareholders	$ (0.04)		$ (0.06)
Loss from Discontinued Operations Applicable to Common Shareholders	$ (0.01)		$ (0.01)
Net Loss Income Applicable to Common Shareholders	$ (0.05)		$ (0.07)
Weighted Average Common Shares Outstanding:
Basic	200,743,751		197,029,017
Diluted	200,743,751	[1]	197,029,017	[1]

[1] Income (loss) allocated to noncontrolling interest in Hersha Hospitality Limited Partnership has been excluded from the numerator and units of limited partnership interest in Hersha Hospitality Limited Partnership have been omitted from the denominator for the purpose of computing diluted earnings per share since the effect of including these amounts in the numerator and denominator would have no impact.  In addition, potentially dilutive common shares, if any, have been excluded from the denominator if they are anti-dilutive to income (loss) from continuing operations applicable to common shareholders.