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Consolidated Statements Of Operations - USD ($)
$ in Thousands
3 Months Ended 12 Months Ended
Dec. 31, 2021
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Operating Expenses:        
Other Revenues   $ 123 $ 217 $ 292
Total Revenues   295,989 176,660 529,960
Hotel Ground Rent   4,400 4,301 4,581
Real Estate and Personal Property Taxes and Property Insurance   36,787 40,928 38,601
General and Administrative (including Share Based Payments of $12,033, $9,488, and $10,803 for the years ended December 31, 2021, 2020, and 2019, respectively)   23,027 20,078 26,431
Acquisition and Terminated Transaction Costs   391 4,419 0
Loss on Impairment of Assets   222 1,069 0
Depreciation and Amortization   83,309 96,958 96,529
Insurance Recoveries in Excess of Property Loss   (711) (8,960) 12
Total Operating Expenses   325,581 299,049 483,590
Operating (Loss) Income   (29,592) (122,389) 46,370
Interest Income   15 39 253
Interest Expense   (57,549) (53,279) (52,205)
Other Income (Expense)   128 (522) (584)
Gain on Disposition of Hotel Properties   48,352 1,158 0
Loss on Debt Extinguishment   (3,069) 0 (280)
Loss Before Results from Unconsolidated Joint Venture Investments and Income Taxes   (41,715) (174,993) (6,446)
(Loss) Income from Unconsolidated Joint Venture Investments $ (434) (2,292) (2,938) 691
Loss Before Income Taxes (13,481) (44,007) (177,931) (5,755)
Income Tax Expense (999) (838) (11,329) (92)
Net Loss (14,480) (44,845) (189,260) (5,847)
Preferred Distributions (6,043) (24,174) (24,176) (24,174)
Net Loss Applicable to Common Shareholders $ (18,841) $ (64,347) $ (190,521) $ (27,843)
BASIC        
(Loss) Income from Continuing Operations Applicable to Common Shareholders (in dollars per share) $ (0.48) $ (1.65) $ (4.93) $ (0.74)
DILUTED        
(Loss) Income from Continuing Operations Applicable to Common Shareholders (in dollars per share) $ (0.48) $ (1.65) $ (4.93) $ (0.74)
Weighted Average Common Shares Outstanding:        
Basic (in shares) 39,149,120 39,089,987 38,613,563 38,907,894
Diluted (in shares) 39,149,120 39,089,987 [1] 38,613,563 [1] 38,907,894 [1]
Noncontrolling Interest        
Operating Expenses:        
Net Loss     $ (19,698)  
Noncontrolling Interest | Consolidated joint venture        
Operating Expenses:        
(Income) Loss Allocated to Noncontrolling Interests $ (2,152)   3,217 $ (188)
Common Shares | Noncontrolling Interest        
Operating Expenses:        
(Income) Loss Allocated to Noncontrolling Interests 6,824   19,698 2,366
Net Loss   $ (6,824)   (2,366)
Room        
Revenue:        
Hotel Operating Revenues: 73,797 237,988 142,260 424,698
Operating Expenses:        
Hotel Operating Expenses: 15,631 51,885 38,787 93,488
Food & Beverage        
Revenue:        
Hotel Operating Revenues: 11,858 31,778 15,418 65,379
Operating Expenses:        
Hotel Operating Expenses: 9,351 24,756 16,199 52,820
Other        
Revenue:        
Hotel Operating Revenues: 7,768 26,100 18,765 39,591
Operating Expenses:        
Hotel Operating Expenses: $ 29,695 $ 101,515 $ 85,270 $ 171,128
[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.