XML 41 R31.htm IDEA: XBRL DOCUMENT v3.22.2
BASIS OF PRESENTATION (Narrative) (Details)
3 Months Ended 6 Months Ended
Aug. 04, 2022
USD ($)
property
Jun. 30, 2022
USD ($)
property
shares
Jun. 30, 2021
USD ($)
Jun. 30, 2022
USD ($)
property
shares
Jun. 30, 2021
USD ($)
Aug. 03, 2022
property
Apr. 27, 2022
property
Mar. 31, 2022
USD ($)
Dec. 31, 2021
USD ($)
property
Feb. 17, 2021
USD ($)
Class of Stock                    
Share conversion ratio (shares) | shares   1   1            
Adjustments to additional paid in capital   $ (1,154,367,000)   $ (1,154,367,000)         $ (1,155,034,000)  
Noncontrolling interest   5,274,000   5,274,000         $ 2,310,000  
Adjustment to record redemption value   691,000 $ 1,968,000   $ 1,968,000          
Proceeds from disposition of hotel properties       0 $ 163,583,000          
Interest Rate Swap | Credit Facility September 10, 2019                    
Class of Stock                    
Derivative, notional amount   $ 300,000,000   $ 300,000,000            
Assets Held-for-sale                    
Class of Stock                    
Number of real estate properties (property) | property   7   7     7   0  
Maximum | Buildings and Improvements                    
Class of Stock                    
Useful life of buildings and improvements (in years)       40 years            
Maximum | Furniture, Fixtures and Equipment                    
Class of Stock                    
Useful life of buildings and improvements (in years)       7 years            
Minimum | Furniture, Fixtures and Equipment                    
Class of Stock                    
Useful life of buildings and improvements (in years)       2 years            
Payment in Kind (PIK) Note                    
Class of Stock                    
Debt instrument, face amount   $ 158,094,000   $ 158,094,000       $ 158,094,000   $ 150,000,000
Subsequent Event | Assets Held-for-sale                    
Class of Stock                    
Number of real estate properties (property) | property           7        
Subsequent Event | Courtyard Brookline, MA, The Hampton Inn Washington, DC, Hilton Garden Inn M Street, DC, Hampton Inn - Philadelphia, PA, TownePlace Suites Sunnyvale, CA And The Courtyard Los Angeles Westside, CA                    
Class of Stock                    
Number of real estate properties (property) | property 6                  
Proceeds from disposition of hotel properties $ 435,900,000                  
Subsequent Event | Payment in Kind (PIK) Note                    
Class of Stock                    
Redemption percentage 104.00%                  
Repayments of notes payable $ 164,418,000                  
Subsequent Event | Loans Payable | $250 Million Term Loan (First Term Loan)                    
Class of Stock                    
Debt instrument, face amount 400,000,000                  
Subsequent Event | Revolving Line Of Credit | $250 Million Senior Revolving Line Of Credit (Line of Credit)                    
Class of Stock                    
Line of credit facility, maximum borrowing capacity $ 100,000,000                  
Adjustment                    
Class of Stock                    
Adjustments to additional paid in capital   2,964,000   2,964,000            
Noncontrolling interest   2,964,000   $ 2,964,000            
Senior Common Equity Interest                    
Class of Stock                    
Noncontrolling interest, common equity interest, return       12.00%            
Common Shares | Noncontrolling Interests Common Units And LTIP Units                    
Class of Stock                    
Noncontrolling Interest in Limited Partnerships   $ 54,536,000   $ 54,536,000         $ 50,922,000  
Nonredeemable common units outstanding (in shares) | shares   7,070,680   7,070,680            
Fair market value of nonredeemable common units   $ 69,363,000   $ 69,363,000            
Hersha Hospitality Limited Partnership                    
Class of Stock                    
Various subsidiary limited partnership interest (percent)       85.00%            
Hersha Hospitality, LLC                    
Class of Stock                    
General partnership interest (percent)       1.00%            
Consolidated Joint Ventures                    
Class of Stock                    
Noncontrolling interest, ownership percentage   15.00%   15.00%            
Cumulative return on common equity interest (percent)   30.00%   30.00%            
Consolidated Joint Ventures | Senior Common Equity Interest                    
Class of Stock                    
Cumulative return on common equity interest (percent)   25.00%   25.00%            
Consolidated Joint Ventures | Junior Common Equity Interest                    
Class of Stock                    
Noncontrolling interest, common equity interest, return       8.00%            
Hersha Holding RC Owner, LLC                    
Class of Stock                    
Cumulative return on common equity interest (percent)   70.00%   70.00%            
Hersha Holding RC Owner, LLC | Senior Common Equity Interest                    
Class of Stock                    
Noncontrolling interest, common equity interest, return       8.00%            
Cumulative return on common equity interest (percent)   75.00%   75.00%