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SCHEDULE III – REAL ESTATE AND ACCUMULATED DEPRECIATION
 12 Months Ended
Dec. 31, 2021
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation Disclosure [Abstract]  
SCHEDULE III – REAL ESTATE AND ACCUMULATED DEPRECIATION
SCHEDULE III – REAL ESTATE AND ACCUMULATED DEPRECIATION AS OF DECEMBER 31, 2021
[IN THOUSANDS]
 Initial CostsCosts Capitalized Subsequent to Acquisition (1)Gross Amounts at Close of PeriodAccumulated DepreciationNet Book Value
DescriptionEncumbrancesLandBuildings & ImprovementsLandBuildings & ImprovementsLandBuildings & ImprovementsTotalBuildings & Improvements*Land, Buildings & ImprovementsDate of Acquisition
Courtyard by Marriott Brookline,
Brookline, MA		$— $— $47,414 $— $5,068 $— $52,482 $52,482 $(24,012)$28,470 6/16/2005
Annapolis Waterfront Hotel, Annapolis, MD(27,378)— 43,251 — 4,159 — 47,410 47,410 (5,113)42,297 3/28/2018
Hilton Garden Inn JFK,
JFK Airport, NY		— — 25,018 — 4,304 — 29,322 29,322 (13,143)16,179 2/16/2006
Hyatt House White Plains,
White Plains, NY		— 8,823 30,273 — 13,954 8,823 44,227 53,050 (18,889)34,161 12/28/2006
Hampton Inn Seaport,
Seaport, NY		— 7,816 19,040 — 1,748 7,816 20,788 28,604 (8,436)20,168 2/1/2007
Gate Hotel JFK Airport,
JFK Airport, NY		— — 27,315 — 2,362 — 29,677 29,677 (11,524)18,153 6/13/2008
Hampton Inn Center City/ Convention Center,
Philadelphia, PA		— 3,490 24,382 — 11,434 3,490 35,816 39,306 (19,833)19,473 2/15/2006
NU Hotel Brooklyn,
Brooklyn, NY		— — 22,042 — 1,983 — 24,025 24,025 (9,173)14,852 1/14/2008
Hilton Garden Inn Tribeca,
Tribeca, NY		(45,450)21,077 42,955 — 1,457 21,077 44,412 65,489 (14,681)50,808 5/1/2009
Hampton Inn Washington, D.C.,
Washington, DC		— 9,335 58,048 — 5,151 9,335 63,199 72,534 (18,849)53,685 9/1/2010
Courtyard by Marriott Los Angeles Westside,
LA Westside, CA		(35,000)13,489 27,025 — 5,004 13,489 32,029 45,518 (11,988)33,530 5/19/2011
Cadillac Hotel & Beach Club,
Miami, FL		— 35,700 55,805 — 45,073 35,700 100,878 136,578 (32,138)104,440 11/16/2011
The Rittenhouse
Hotel, Philadelphia, PA		— 7,108 29,556 — 28,053 7,108 57,609 64,717 (29,451)35,266 3/1/2012
The Boxer Boston,
Boston, MA		— 1,456 14,954 — 2,157 1,456 17,111 18,567 (5,333)13,234 5/7/2012
Holiday Inn Express Chelsea,
Manhattan, NY		— 30,329 57,016 — 2,159 30,329 59,175 89,504 (15,115)74,389 6/18/2012
Hyatt Union Square,
Union Square, NY		(56,000)32,940 79,300 — 4,335 32,940 83,635 116,575 (20,254)96,321 4/9/2013
The Hotel Milo,
Santa Barbara, CA		(21,133)— 55,080 — 5,160 — 60,240 60,240 (14,483)45,757 2/28/2014
Hilton Garden Inn Manhattan Midtown East,
Midtown East, NY		(44,325)45,480 60,762 — 605 45,480 61,367 106,847 (11,869)94,978 5/27/2014
HERSHA HOSPITALITY TRUST AND SUBSIDIARIES
SCHEDULE III – REAL ESTATE AND ACCUMULATED DEPRECIATION AS OF DECEMBER 31, 2021 (CONTINUED)
[IN THOUSANDS]
Initial CostsCosts Capitalized Subsequent to Acquisition (1)Gross Amounts at Close of PeriodAccumulated DepreciationNet Book Value
DescriptionEncumbrancesLandBuildings & ImprovementsLandBuildings & ImprovementsLandBuildings & ImprovementsTotalBuildings & Improvements*Land, Buildings & ImprovementsDate of Acquisition
Parrot Key Hotel & Villas,
Key West, FL		— 57,889 33,959 — 14,247 57,889 48,206 106,095 (14,955)91,140 5/7/2014
The Winter Haven Hotel Miami Beach,
Miami Beach, FL		— 5,400 18,147 — 926 5,400 19,073 24,473 (4,258)20,215 12/20/2013
The Blue Moon Hotel Miami Beach,
Miami Beach, FL		— 4,874 20,354 — 2,397 4,874 22,751 27,625 (4,905)22,720 12/20/2013
The St. Gregory Hotel, Dupont Circle, Washington D.C.(23,000)23,764 33,005 — 7,644 23,764 40,649 64,413 (10,142)54,271 6/16/2015
TownePlace Suites Sunnyvale, Sunnyvale, CA— — 18,999 — 691 — 19,690 19,690 (3,492)16,198 8/25/2015
The Ritz-Carlton Georgetown, Washington D.C.— 17,825 29,584 — 4,079 17,825 33,663 51,488 (6,530)44,958 12/29/2015
The Sanctuary Beach Resort, Marina, CA(13,951)20,278 17,319 — 7,015 20,278 24,334 44,612 (6,589)38,023 1/28/2016
Hilton Garden Inn M Street, Washington D.C.— 30,793 67,420 — 268 30,793 67,688 98,481 (9,914)88,567 3/9/2016
The Envoy Boston Seaport, Boston, MA— 25,264 75,979 — 3,944 25,264 79,923 105,187 (12,209)92,978 7/21/2016
Courtyard by Marriott Sunnyvale, Sunnyvale, CA(39,841)17,694 53,272 — 152 17,694 53,424 71,118 (6,955)64,163 10/20/2016
Mystic Marriott Hotel & Spa, Groton, CT— 1,420 40,440 — 9,907 1,420 50,347 51,767 (9,764)42,003 1/3/2017
The Ritz-Carlton Coconut Grove, Coconut Grove, FL— 5,185 30,825 — 10,129 5,185 40,954 46,139 (8,184)37,955 2/1/2017
The Pan Pacific Hotel Seattle, Seattle, WA— 13,079 59,255 — 748 13,079 60,003 73,082 (7,370)65,712 2/21/2017
Philadelphia Westin, Philadelphia, PA— 19,154 103,406 — 4,795 19,154 108,201 127,355 (12,966)114,389 6/29/2017
The Ambrose Hotel, Santa Monica, CA— 18,750 26,839 — 1,621 18,750 28,460 47,210 (4,193)43,017 12/1/2016
Total Investment in Real Estate$(306,078)$478,412 $1,348,039 $— $212,729 $478,412 $1,560,768 $2,039,180 $(406,710)$1,632,470 
(1)Costs capitalized subsequent to acquisition include reductions of asset value due to impairment.    

*    Assets are depreciated over a 7 to 40 year life, upon which the latest income statement is computed.
The aggregate cost of land, buildings and improvements for Federal income tax purposes for the years ended December 31, 2021, 2020 and 2019 is approximately $1,450,092, $1,633,467 and $1,675,650, respectively.
Depreciation is computed for buildings and improvements using a useful life for these assets of 7 to 40 years.
See Accompanying Report of Independent Registered Public Accounting Firm
HERSHA HOSPITALITY TRUST AND SUBSIDIARIES
SCHEDULE III – REAL ESTATE AND ACCUMULATED DEPRECIATION AS OF DECEMBER 31, 2021 (CONTINUED)
[IN THOUSANDS]
202120202019
Reconciliation of Real Estate
Balance at beginning of year$2,220,936 $2,228,864 $2,206,701 
Additions during the year5,322 17,967 22,163 
Dispositions(187,078)(25,895)— 
Total Real Estate$2,039,180 $2,220,936 $2,228,864 
Reconciliation of Accumulated Depreciation
Balance at beginning of year$396,016 $340,499 $277,580 
Depreciation for year57,768 64,083 62,919 
Accumulated depreciation on assets sold(47,074)(8,566)— 
Balance at the end of year$406,710 $396,016 $340,499