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EARNINGS PER SHARE (Details) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Basic and Diluted        
Net Income (Loss) $ 5,961 $ 9,584 $ (3,540) $ (7,015)
Loss (Income) Allocated to Noncontrolling Interests 1,803 (1,114) 2,409 (706)
Distributions to Preferred Shareholders (6,043) (6,043) (12,087) (12,087)
Dividends Paid on Unvested Restricted Shares and LTIP Units (122) 0 (238) 0
Net income (loss) applicable to Common Shareholders $ 1,599 $ 2,427 $ (13,456) $ (19,808)
DENOMINATOR:        
Weighted average number of common shares - basic (in shares) 39,849,859 39,277,269 39,738,662 39,254,536
Effect of dilutive securities:        
Restricted stock awards and LTIP units (unvested) (in shares) 1,011,129 853,136 0 0
Contingently issued shares and units (in shares) 426,480 323,380 0 0
Weighted average number of common shares - diluted (in shares) [1] 41,287,468 40,453,785 39,738,662 39,254,536
[1] 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 (loss) applicable to common shareholders.