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Consolidated Statements Of Operations - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
Revenue from Hotels [Abstract]      
Hotel Operating Revenues $ 466,370 $ 470,272 $ 417,226
Other Revenues 259 113 180
Total Revenues 466,629 470,385 417,406
Hotel Operating Expenses:      
Hotel Operating Expenses 262,956 254,313 227,324
Insurance Recoveries     (4,604)
Hotel Ground Rent 3,600 3,137 2,433
Real Estate and Personal Property Taxes and Property Insurance 32,157 34,518 30,342
General and Administrative (including Share Based Payments of $8,048, $6,523, and $6,028 for the years ended December 31, 2016, 2015, and 2014, respectively) 24,444 20,515 20,363
Acquisition and Terminated Transaction Costs 2,560 1,119 2,472
Depreciation and Amortization 75,390 74,390 69,167
Contingent Consideration Related to Acquisition of Hotel Property     2,000
Total Operating Expenses 401,107 387,992 349,497
Operating Income 65,522 82,393 67,909
Interest Income 362 193 805
Interest Expense (44,352) (43,557) (43,357)
Other Expense (961) (367) (485)
Gain on Disposition of Hotel Properties 115,839   7,195
Gain on Hotel Acquisitions, net     12,667
Development Loan Recovery     22,494
Lease Buyout (16,831)    
Loss on Debt Extinguishment (1,187) (561) (670)
Income Before Income from Unconsolidated Joint Venture Investments and Income Taxes 118,392 38,101 66,558
(Loss) Income from Unconsolidated Joint Venture Investments (1,823) 965 693
Income Before Income Taxes 116,569 39,066 67,251
Income Tax Benefit 4,888 3,141 2,685
Income from Continuing Operations 121,457 42,207 69,936
Discontinued Operations:      
Loss on Disposition of Discontinued Assets     (128)
Impairment of Discontinued Assets     (1,800)
Income from Discontinued Operations, Net of Income Taxes     263
Loss from Discontinued Operations   (1,665)
Net Income 121,457 42,207 68,271
Income Allocated to Noncontrolling Interests (4,477) (411) (1,016)
Preferred Distributions (17,380) (14,356) (14,356)
Extinguishment of Issuance Costs Upon Redemption of Series B Preferred Shares (4,021)  
Net Income Applicable to Common Shareholders $ 95,579 $ 27,440 $ 52,899
BASIC      
Income from Continuing Operations Applicable to Common Shareholders $ 2.21 $ 0.56 $ 1.08
(Loss) Income from Discontinued Operations Applicable to Common Shareholders 0.00 0.00 (0.03)
Net Income Applicable to Common Shareholders 2.21 0.56 1.05
DILUTED      
Income from Continuing Operations Applicable to Common Shareholders 2.18 0.56 1.07
(Loss) Income from Discontinued Operations Applicable to Common Shareholders 0.00 0.00 (0.03)
Net Income Applicable to Common Shareholders $ 2.18 $ 0.56 $ 1.04
Weighted Average Common Shares Outstanding:      
Basic 42,957,199 47,786,811 49,777,302
Diluted [1] 43,530,731 48,369,658 50,307,506
[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.