INVESTMENT IN UNCONSOLIDATED JOINT VENTURES (Narrative) (Details) - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021
Investments in Unconsolidated Joint Ventures
Equity method investments	$ 5,130	$ 5,580
Hilton and IHG branded hotels in NYC \| Cindat Hersha Owner JV, LLC
Investments in Unconsolidated Joint Ventures
Equity method investments	$ 0	$ 0

This item represents the carrying amount on the entity's balance sheet of its investment in common stock of an equity method investee. This is not an indicator of the fair value of the investment, rather it is the initial cost adjusted for the entity's share of earnings and losses of the investee, adjusted for any distributions (dividends) and other than temporary impairment (OTTI) losses recognized.

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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