XML 42 R32.htm IDEA: XBRL DOCUMENT v3.22.2.2
BASIS OF PRESENTATION (Narrative) (Details)
3 Months Ended 9 Months Ended
Aug. 04, 2022
USD ($)
Oct. 26, 2022
USD ($)
property
Sep. 30, 2022
USD ($)
property
shares
Sep. 30, 2021
USD ($)
Sep. 30, 2022
USD ($)
property
shares
Sep. 30, 2021
USD ($)
Aug. 03, 2022
property
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     $ (1,156,213,000)   $ (1,156,213,000)     $ (1,155,034,000)  
Noncontrolling interest     4,659,000   4,659,000     $ 2,310,000  
Proceeds from disposition of hotel properties         382,699,000 $ 163,583,000      
Proceeds from unsecured debt         400,000,000 0      
Asset impairment charge     10,024,000 $ 0 10,024,000 $ 222,000      
Interest Rate Swap | Cash Flow Hedging                  
Class of Stock                  
Notional Amount     300,000,000   $ 300,000,000        
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                  
Redemption percentage 104.00%                
Repayments of notes payable $ 164,418,000                
Debt instrument, face amount     158,094,000   $ 158,094,000       $ 150,000,000
Loans Payable | $250 Million Term Loan (First Term Loan)                  
Class of Stock                  
Debt instrument, face amount 400,000,000   $ 400,000,000   $ 400,000,000        
Proceeds from unsecured debt 400,000,000                
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                
Assets Held-for-sale                  
Class of Stock                  
Number of real estate properties (property) | property     4   4     0  
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 | Assets Held-for-sale                  
Class of Stock                  
Number of real estate properties (property) | property             7    
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 | Discontinued Operations, Held-for-sale or Disposed of by Sale | Subsequent Event                  
Class of Stock                  
Number of real estate properties (property) | property   7              
Proceeds from disposition of hotel properties   $ 505,000,000              
Adjustment                  
Class of Stock                  
Adjustments to additional paid in capital     $ (2,349,000)   $ (2,349,000)        
Noncontrolling interest     $ 2,349,000   $ 2,349,000        
Senior Common Equity Interest                  
Class of Stock                  
Noncontrolling interest, common equity interest, return         12.00%        
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%        
Common Shares | Noncontrolling Interests Common Units And LTIP Units                  
Class of Stock                  
Noncontrolling Interest in Limited Partnerships               $ 51,246,000  
Nonredeemable common units outstanding (in shares) | shares     6,990,053   6,990,053        
Fair market value of nonredeemable common units     $ 55,781,000   $ 55,781,000