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Organization And Summary Of Significant Accounting Policies (Tables)
 12 Months Ended
Dec. 31, 2016
Organization And Summary Of Significant Accounting Policies [Abstract]  
Joint Venture Properties



 

 

 

 

 

 

 

 

Joint Venture

 

Ownership

 

Property

 

Location

 

Lessee/Sublessee



 

 

 

 

 

 

 

 

Unconsolidated Joint Ventures

 

 

 

 

 

 

 

 

Mystic Partners, LLC

 

66.7%

 

Marriott

 

Mystic, CT

 

Mystic Partners Leaseco, LLC



 

8.8%

 

Hilton

 

Hartford, CT

 

Mystic Partners Leaseco, LLC



 

15.0%

 

Marriott

 

Hartford, CT

 

Mystic Partners Leaseco, LLC

Cindat Hersha Owner JV, LLC (1)

 

30.0%

 

Hampton Inn

 

Herald Square, NY

 

Cindat Hersha Lessee JV, LLC



 

30.0%

 

Hampton Inn

 

Chelsea, NY

 

Cindat Hersha Lessee JV, LLC



 

30.0%

 

Hampton Inn

 

Times Square, NY

 

Cindat Hersha Lessee JV, LLC



 

30.0%

 

Holiday Inn Express

 

Times Square, NY

 

Cindat Hersha Lessee JV, LLC



 

30.0%

 

Candlewood Suites

 

Times Square, NY

 

Cindat Hersha Lessee JV, LLC



 

30.0%

 

Holiday Inn

 

Wall Street, NY

 

Cindat Hersha Lessee JV, LLC



 

30.0%

 

Holiday Inn Express

 

Water Street, NY

 

Cindat Hersha Lessee JV, LLC

SB Partners, LLC

 

50.0%

 

Holiday Inn Express

 

South Boston, MA

 

South Bay Sandeep, LLC

Hiren Boston, LLC

 

50.0%

 

Courtyard

 

South Boston, MA

 

South Bay Boston, LLC

(1) The percentages shown for the CINDAT JV represent our common ownership interest.  As of December 31, 2016, we owned a $43,194 preferred equity interest in the joint venture.  See Note 3 – Investment in Unconsolidated Joint Ventures for a more detailed explanation of our ownership interest and the related distribution of earnings within the venture.

Schedule Of Major Asset Depreciation

Building and Improvements            7 to 40 Years

Furniture, Fixtures and Equipment        2 to 7 Years

Schedule Of Preferred Stock



 

 

 

 

 

 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

 

 

 

Dividend Per Share  



 

Shares Outstanding

 

 

 

 

 

 

 

Year Ended December 31,

Series

 

December 31, 2016

 

December 31, 2015

 

 

Aggregate Liquidation Preference

 

Distribution Rate

 

 

2016

 

 

2015



 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Series B

 

 -

 

 4,600,000 

 

$

 115,000 

 

 8.000% 

 

$

 0.8722 

 

$

 2.0000 

Series C

 

 3,000,000 

 

 3,000,000 

 

$

 75,000 

 

 6.875% 

 

$

 1.7188 

 

$

 1.7188 

Series D

 

 7,700,000 

 

 -

 

$

 192,500 

 

 6.500% 

 

$

 1.0157 

 

 

 -

Series E

 

 4,000,000 

 

 -

 

$

 100,000 

 

 6.500% 

 

$

 0.3069 

 

 

 -

Total

 

 14,700,000 

 

 7,600,000 

 

 

 

 

 

 

 

 

 

 

 



Summary Of Balances Affected By Reclassification In Accordance With FASB ASU No. 2015-03



 

 

 

 

 

 

 

 

 



 

 

As Reported in the

 

 

Reclassification

 

 

As Reported in the

Balance Sheet Caption

 

 

2015 Form 10-K

 

 

Amount

 

 

2016 Form 10-K

Assets:

 

 

 

 

 

 

 

 

 

Deferred Financing Costs, Net

 

$

 8,971 

 

$

 (8,971)

 

$

 -

Other Assets

 

 

 38,110 

 

 

 1,848 

 

 

 39,958 

Total Assets

 

 

 1,969,772 

 

 

 (7,123)

 

 

 1,962,649 

Liabilities:

 

 

 

 

 

 

 

 

 

Unsecured Term Loan

 

 

 550,000 

 

 

 (2,220)

 

 

 547,780 

Unsecured Notes Payable

 

 

 51,548 

 

 

 (1,023)

 

 

 50,525 

Mortgages Payable

 

 

 548,539 

 

 

 (3,880)

 

 

 544,659 

Total Liabilities

 

 

 1,261,617 

 

 

 (7,123)

 

 

 1,254,494