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Consolidated Statements Of Operations - USD ($)
$ in Thousands
3 Months Ended 12 Months Ended
Dec. 31, 2017
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Hotel Operating Revenues:        
Other Revenues   $ 292 $ 1,385 $ 1,097
Total Revenues   529,960 495,063 498,237
Hotel Operating Expenses:        
Hotel Ground Rent   4,581 4,228 3,460
Real Estate and Personal Property Taxes and Property Insurance   38,601 35,194 32,300
General and Administrative (including Share Based Payments of $10,803, $11,436, and $9,286 for the years ended December 31, 2019, 2018, and 2017, respectively)   26,431 26,881 23,553
Acquisition and Terminated Transaction Costs   0 29 2,203
Loss on Impairment of Assets   0 0 4,082
Depreciation and Amortization   96,529 89,831 83,752
(Gains from) Property Losses in Excess of Insurance Recoveries $ 4,268 12 (12,649) 4,268
Total Operating Expenses   483,590 442,363 448,668
Operating Income   46,370 52,700 49,569
Interest Income   253 114 271
Interest Expense   (52,205) (48,491) (42,662)
Other Expense   (584) (901) (771)
Gain on Disposition of Hotel Properties   0 4,148 90,350
Lease Buyout   0 0 268
Loss on Debt Extinguishment   (280) (22) (590)
(Loss) Income Before Results from Unconsolidated Joint Venture Investments and Income Taxes   (6,446) 7,548 96,435
Income (Loss) from Unconsolidated Joint Ventures (2,473) 691 1,084 (2,473)
Gain from Remeasurement of Investment in Unconsolidated Joint Venture 16,240 0 0 16,240
Income from Unconsolidated Joint Venture Investments   691 1,084 13,767
(Loss) Income Before Income Taxes   (5,755) 8,632 110,202
Income Tax Expense   (92) (267) (5,262)
Net (Loss) Income 104,940 (5,847) 8,365 104,940
Preferred Distributions (24,169) (24,174) (24,174) (24,169)
Extinguishment of Issuance Costs Upon Redemption of Preferred Shares $ 0 0 0  
Net (Loss) Income Applicable to Common Shareholders   $ (27,843) $ (14,184) 75,699
BASIC        
(Loss) Income from Continuing Operations Applicable to Common Shareholders (in dollars per share) $ 1.82 $ (0.74) $ (0.38)  
DILUTED        
(Loss) Income from Continuing Operations Applicable to Common Shareholders (in dollars per share) $ 1.79 $ (0.74) $ (0.38)  
Weighted Average Common Shares Outstanding:        
Basic (in shares) 41,423,804 38,907,894 39,383,763  
Diluted (in shares) [1] 42,056,431 38,907,894 39,383,763  
Noncontrolling Interests Common Units And LTIP Units [Member]        
Hotel Operating Expenses:        
Net (Loss) Income   $ (2,366) $ (916) 5,072
Income Allocated to Noncontrolling Interests   2,366 916 (5,072)
Joint Venture Partner [Member]        
Hotel Operating Expenses:        
Net (Loss) Income   (300) (3,417)  
Income Allocated to Noncontrolling Interests   (188) 709 0
Occupancy [Member]        
Hotel Operating Revenues:        
Hotel Operating Revenues   424,698 397,907 411,149
Hotel Operating Expenses:        
Hotel Operating Expenses   93,488 88,663 90,716
Food and Beverage [Member]        
Hotel Operating Revenues:        
Hotel Operating Revenues   65,379 64,546 58,491
Hotel Operating Expenses:        
Hotel Operating Expenses   52,820 52,122 47,906
Hotel, Other [Member]        
Hotel Operating Revenues:        
Hotel Operating Revenues   39,591 31,225 27,500
Hotel Operating Expenses:        
Hotel Operating Expenses   $ 171,128 $ 158,064 $ 156,428
[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.