XML 69 R41.htm IDEA: XBRL DOCUMENT v2.4.0.6
INVESTMENT IN HOTEL PROPERTIES (Details) (USD $)
In Thousands, except Share data, unless otherwise specified
3 Months Ended 12 Months Ended 12 Months Ended 12 Months Ended 12 Months Ended 12 Months Ended 12 Months Ended 12 Months Ended 12 Months Ended 12 Months Ended 12 Months Ended 12 Months Ended 12 Months Ended 12 Months Ended 12 Months Ended 12 Months Ended
Dec. 31, 2011
Sep. 30, 2011
Jun. 30, 2011
Mar. 31, 2011
Dec. 31, 2010
Sep. 30, 2010
Jun. 30, 2010
Mar. 31, 2010
Dec. 31, 2011
Dec. 31, 2010
Dec. 31, 2009
Dec. 31, 2011
Land [Member]
Dec. 31, 2010
Land [Member]
Dec. 31, 2011
Building and Building Improvements [Member]
Dec. 31, 2010
Building and Building Improvements [Member]
Dec. 31, 2011
Furniture and Fixtures [Member]
Dec. 31, 2010
Furniture and Fixtures [Member]
Dec. 31, 2011
Franchise Fees, Loan Costs, and Leasehold Intangibles [Member]
Dec. 31, 2010
Franchise Fees, Loan Costs, and Leasehold Intangibles [Member]
Dec. 31, 2011
Acquisition Costs [Member]
Dec. 31, 2011
Construction in Progress [Member]
Dec. 31, 2010
Construction in Progress [Member]
Dec. 31, 2011
Hampton Inn, Holiday Inn Express and Candlewood Suites in Times Square, New York, NY [Member]
Dec. 31, 2010
Hampton Inn, Holiday Inn Express and Candlewood Suites in Times Square, New York, NY [Member]
Dec. 31, 2011
Hampton Inn, Washington, DC [Member]
Dec. 31, 2010
Hampton Inn, Washington, DC [Member]
Sep. 01, 2010
Hampton Inn, Washington, DC [Member]
Dec. 31, 2010
Hampton Inn, Washington, DC [Member]
Land [Member]
Dec. 31, 2010
Hampton Inn, Washington, DC [Member]
Building and Building Improvements [Member]
Dec. 31, 2010
Hampton Inn, Washington, DC [Member]
Furniture and Fixtures [Member]
Dec. 31, 2010
Hampton Inn, Washington, DC [Member]
Franchise Fees, Loan Costs, and Leasehold Intangibles [Member]
Dec. 31, 2011
Hampton Inn, Washington, DC [Member]
Acquisition Costs [Member]
Dec. 31, 2010
Hampton Inn, Washington, DC [Member]
Construction in Progress [Member]
Dec. 31, 2011
Land and vacant hotel building, New Castle, DE [Member]
Dec. 28, 2010
Land and vacant hotel building, New Castle, DE [Member]
Dec. 31, 2011
Hilton Garden Inn, Glastonbury, CT [Member]
Dec. 31, 2010
Hilton Garden Inn, Glastonbury, CT [Member]
Dec. 31, 2010
Hilton Garden Inn, Glastonbury, CT [Member]
Land [Member]
Dec. 31, 2010
Hilton Garden Inn, Glastonbury, CT [Member]
Building and Building Improvements [Member]
Dec. 31, 2010
Hilton Garden Inn, Glastonbury, CT [Member]
Furniture and Fixtures [Member]
Dec. 31, 2010
Hilton Garden Inn, Glastonbury, CT [Member]
Franchise Fees, Loan Costs, and Leasehold Intangibles [Member]
Dec. 31, 2011
Hilton Garden Inn, Glastonbury, CT [Member]
Acquisition Costs [Member]
Dec. 31, 2010
Hilton Garden Inn, Glastonbury, CT [Member]
Construction in Progress [Member]
Dec. 31, 2010
Hampton Inn, Times Square, NY [Member]
Dec. 31, 2010
Hampton Inn, Times Square, NY [Member]
Land [Member]
Dec. 31, 2010
Hampton Inn, Times Square, NY [Member]
Building and Building Improvements [Member]
Dec. 31, 2010
Hampton Inn, Times Square, NY [Member]
Furniture and Fixtures [Member]
Dec. 31, 2010
Hampton Inn, Times Square, NY [Member]
Franchise Fees, Loan Costs, and Leasehold Intangibles [Member]
Dec. 31, 2011
Hampton Inn, Times Square, NY [Member]
Acquisition Costs [Member]
Dec. 31, 2010
Hampton Inn, Times Square, NY [Member]
Construction in Progress [Member]
Dec. 31, 2010
Holiday Inn Express, Times Square, NY [Member]
Dec. 31, 2010
Holiday Inn Express, Times Square, NY [Member]
Land [Member]
Dec. 31, 2010
Holiday Inn Express, Times Square, NY [Member]
Building and Building Improvements [Member]
Dec. 31, 2010
Holiday Inn Express, Times Square, NY [Member]
Furniture and Fixtures [Member]
Dec. 31, 2010
Holiday Inn Express, Times Square, NY [Member]
Franchise Fees, Loan Costs, and Leasehold Intangibles [Member]
Dec. 31, 2011
Holiday Inn Express, Times Square, NY [Member]
Acquisition Costs [Member]
Dec. 31, 2010
Holiday Inn Express, Times Square, NY [Member]
Construction in Progress [Member]
Dec. 31, 2010
Candlewood Suites, Times Square, NY [Member]
Dec. 31, 2010
Candlewood Suites, Times Square, NY [Member]
Land [Member]
Dec. 31, 2010
Candlewood Suites, Times Square, NY [Member]
Building and Building Improvements [Member]
Dec. 31, 2010
Candlewood Suites, Times Square, NY [Member]
Furniture and Fixtures [Member]
Dec. 31, 2010
Candlewood Suites, Times Square, NY [Member]
Franchise Fees, Loan Costs, and Leasehold Intangibles [Member]
Dec. 31, 2011
Candlewood Suites, Times Square, NY [Member]
Acquisition Costs [Member]
Dec. 31, 2010
Candlewood Suites, Times Square, NY [Member]
Construction in Progress [Member]
Dec. 31, 2011
Hampton Inn, Pearl Street, New York, NY [Member]
Dec. 31, 2011
Hampton Inn, Pearl Street, New York, NY [Member]
Land [Member]
Dec. 31, 2011
Hampton Inn, Pearl Street, New York, NY [Member]
Building and Building Improvements [Member]
Dec. 31, 2011
Hampton Inn, Pearl Street, New York, NY [Member]
Furniture and Fixtures [Member]
Dec. 31, 2011
Hampton Inn, Pearl Street, New York, NY [Member]
Franchise Fees, Loan Costs, and Leasehold Intangibles [Member]
Dec. 31, 2011
Hampton Inn, Pearl Street, New York, NY [Member]
Acquisition Costs [Member]
Dec. 31, 2011
Hampton Inn, Pearl Street, New York, NY [Member]
Construction in Progress [Member]
Dec. 31, 2011
Holiday Inn, Wall Street, NY [Member]
Dec. 31, 2010
Holiday Inn, Wall Street, NY [Member]
Dec. 31, 2010
Holiday Inn, Wall Street, NY [Member]
Land [Member]
Dec. 31, 2010
Holiday Inn, Wall Street, NY [Member]
Building and Building Improvements [Member]
Dec. 31, 2010
Holiday Inn, Wall Street, NY [Member]
Furniture and Fixtures [Member]
Dec. 31, 2010
Holiday Inn, Wall Street, NY [Member]
Franchise Fees, Loan Costs, and Leasehold Intangibles [Member]
Dec. 31, 2011
Holiday Inn, Wall Street, NY [Member]
Acquisition Costs [Member]
Dec. 31, 2010
Holiday Inn, Wall Street, NY [Member]
Construction in Progress [Member]
Dec. 31, 2011
Sheraton, New Castle, DE [Member]
Dec. 31, 2010
Sheraton, New Castle, DE [Member]
Dec. 31, 2010
Sheraton, New Castle, DE [Member]
Land [Member]
Dec. 31, 2010
Sheraton, New Castle, DE [Member]
Building and Building Improvements [Member]
Dec. 31, 2010
Sheraton, New Castle, DE [Member]
Furniture and Fixtures [Member]
Dec. 31, 2010
Sheraton, New Castle, DE [Member]
Franchise Fees, Loan Costs, and Leasehold Intangibles [Member]
Dec. 31, 2011
Sheraton, New Castle, DE [Member]
Acquisition Costs [Member]
Dec. 31, 2010
Sheraton, New Castle, DE [Member]
Construction in Progress [Member]
Dec. 31, 2011
32 Pearl Street, New York, NY [Member]
Jul. 22, 2011
32 Pearl Street, New York, NY [Member]
Dec. 31, 2011
Holiday Inn Express, Water Street, New York, NY [Member]
Dec. 31, 2011
Holiday Inn Express, Water Street, New York, NY [Member]
Land [Member]
Dec. 31, 2011
Holiday Inn Express, Water Street, New York, NY [Member]
Building and Building Improvements [Member]
Dec. 31, 2011
Holiday Inn Express, Water Street, New York, NY [Member]
Furniture and Fixtures [Member]
Dec. 31, 2011
Holiday Inn Express, Water Street, New York, NY [Member]
Franchise Fees, Loan Costs, and Leasehold Intangibles [Member]
Dec. 31, 2011
Holiday Inn Express, Water Street, New York, NY [Member]
Acquisition Costs [Member]
Dec. 31, 2011
Holiday Inn Express, Water Street, New York, NY [Member]
Construction in Progress [Member]
Dec. 31, 2011
Capitol Hill Suites, Washington, DC [Member]
Dec. 31, 2011
Capitol Hill Suites, Washington, DC [Member]
Land [Member]
Dec. 31, 2011
Capitol Hill Suites, Washington, DC [Member]
Building and Building Improvements [Member]
Dec. 31, 2011
Capitol Hill Suites, Washington, DC [Member]
Furniture and Fixtures [Member]
Dec. 31, 2011
Capitol Hill Suites, Washington, DC [Member]
Franchise Fees, Loan Costs, and Leasehold Intangibles [Member]
Dec. 31, 2011
Capitol Hill Suites, Washington, DC [Member]
Acquisition Costs [Member]
Dec. 31, 2011
Capitol Hill Suites, Washington, DC [Member]
Construction in Progress [Member]
Dec. 31, 2011
Hotels Aquired 100% Interest In Since January 1, 2011 [Member]
Dec. 31, 2011
Courtyard by Mariott, Westside, Los Angeles [Member]
Dec. 31, 2011
Courtyard by Mariott, Westside, Los Angeles [Member]
Land [Member]
Dec. 31, 2011
Courtyard by Mariott, Westside, Los Angeles [Member]
Building and Building Improvements [Member]
Dec. 31, 2011
Courtyard by Mariott, Westside, Los Angeles [Member]
Furniture and Fixtures [Member]
Dec. 31, 2011
Courtyard by Mariott, Westside, Los Angeles [Member]
Franchise Fees, Loan Costs, and Leasehold Intangibles [Member]
Dec. 31, 2011
Courtyard by Mariott, Westside, Los Angeles [Member]
Acquisition Costs [Member]
Dec. 31, 2011
Courtyard by Mariott, Westside, Los Angeles [Member]
Construction in Progress [Member]
Dec. 31, 2011
Courtyard by Mariott, Miami, FL [Member]
Dec. 31, 2011
Courtyard by Mariott, Miami, FL [Member]
Land [Member]
Dec. 31, 2011
Courtyard by Mariott, Miami, FL [Member]
Building and Building Improvements [Member]
Dec. 31, 2011
Courtyard by Mariott, Miami, FL [Member]
Furniture and Fixtures [Member]
Dec. 31, 2011
Courtyard by Mariott, Miami, FL [Member]
Franchise Fees, Loan Costs, and Leasehold Intangibles [Member]
Dec. 31, 2011
Courtyard by Mariott, Miami, FL [Member]
Acquisition Costs [Member]
Dec. 31, 2011
Courtyard by Mariott, Miami, FL [Member]
Construction in Progress [Member]
Dec. 31, 2011
Hotels Aquired 100% Interest In Since January 1, 2010 [Member]
Dec. 31, 2010
Hotels Aquired 100% Interest In Since January 1, 2010 [Member]
Business Acquisition [Line Items]                                                                                                                                                                                                                                                
Total investment in hotel properties, gross $ 1,551,960       $ 1,457,237       $ 1,551,960 $ 1,457,237   $ 278,442 $ 233,869 $ 1,090,280 $ 1,057,344 $ 151,600 $ 150,723       $ 31,638 $ 15,301                                                                                                                                                                                                    
Less accumulated depreciation (211,084)       (211,386)       (211,084) (211,386)                                                                                                                                                                                                                            
Total investment in hotel properties, net 1,340,876       1,245,851       1,340,876 1,245,851                                                                                                                                                                                                                            
Acquisitions                                                                                                                                                                                                                                                
Business acquisition, mortgage debt assumed 62,552       11,937       62,552 11,937                               0                     11,937             0             0             0                             0               0                 0             32,500               0             30,052                
Business acquisition, cash paid                                                     74,290               15,301                                                                                                           28,300                                                              
Acquisition costs                                                     1,194                                                                                                                                                                                          
Acquistions - Results of operations [Abstract]                                                                                                                                                                                                                                                
Revenue                                             38,705 32,681 13,341 3,924                   5,371 5,046                                                                     6,756 4,496             68                   5,605             5,327             19,476 6,760             1,716             64,173 46,147
Net (Loss) Income                                             11,588 7,025 (1,497) (327)                   333 (142)                                                                     1,929 962             (290)                   785             (1,601)             (684) 557             (135)             12,353 7,518
Renovation                                                                                                                                                                                                                                                
Development loan on the re-development project cancelled                                                                                                                                                                               8,000                                                                
Accrued interest receivable cancelled                                                                                                                                                                               300                                                                
Development costs                                                                                                                                                                               3,338                                                                
Number of properties renovated                   2                                                                                                                                                                                                                            
Renovation costs capitalized                   6,471                                                                                                                                                                                                                            
Development costs capitalized                                                                   7,771                                                                                                                                                                            
Depreciation expense                 55,336 51,823 44,002                                                                                                                                                                                                                          
Acquisition Date                                                   9/1/2010                     1/1/2010             2/9/2010             2/9/2010             2/9/2010             7/22/2011               5/7/2010               12/28/2010                 3/25/2011             4/15/2011               5/19/2011             11/16/2011                
Total Purchase Price 259,693       311,155       259,693 311,155   64,624 55,432 146,562 213,566 19,596 21,710 (1,549) 482 2,160 28,300 15,301       74,290   9,335 58,048 5,605 108 1,194 0       17,153 1,898 12,981 2,223 27 24 0 57,465 10,691 41,637 3,939 89 1,109 0 59,517 11,075 43,113 4,078 105 1,146 0 52,378 10,281 36,687 4,298 96 1,016 0 28,300 0 0 0 0 0 28,300   35,051 12,152 21,100 1,567 57 175 0   15,301 0 0 0 0 0 15,301     39,380 7,341 28,591 2,704 28 716 0 48,797 8,095 35,141 4,264 254 1,043 0   47,313 13,489 27,025 6,486 148 165 0 95,903 35,699 55,805 6,142 (1,979) 236 0    
Fair Value of Assumed Debt 62,552       11,937       62,552 11,937                               0                     11,937             0             0             0                             0               0                 0             32,500               0             30,052                
Condensed pro forma financial data [Abstract]                                                                                                                                                                                                                                                
Pro Forma Total Revenues                 306,910 288,818                                                                                                                                                                                                                            
Pro Forma (Loss) income from Continuing Operations                 884 (5,978)                                                                                                                                                                                                                            
Income (Loss) from Discontinued Operations                 (26,771) (3,976)                                                                                                                                                                                                                            
Pro Forma Net (Loss) income                 (25,887) (9,954)                                                                                                                                                                                                                            
Loss (Income) allocated to Noncontrolling Interest                 1,689 408                                                                                                                                                                                                                            
Preferred Distributions (3,500) (3,500) (2,299) (1,200) (1,200) (1,200) (1,200) (1,200) (10,499) [1] (4,800) [1] (4,800) [1]                                                                                                                                                                                                                          
Pro Forma Net (Loss) income applicable to Common Shareholders                 (34,697) (14,346)                                                                                                                                                                                                                            
Pro Forma (Loss) income applicable to Common Shareholders per Common Share                                                                                                                                                                                                                                                
Basic (in dollars per share)                 $ (0.21) $ (0.11)                                                                                                                                                                                                                            
Diluted (in dollars per share)                 $ (0.21) $ (0.11)                                                                                                                                                                                                                            
Weighted Average Common Shares Outstanding                                                                                                                                                                                                                                                
Basic (in shares) 169,010,448 168,985,193 168,672,936 168,334,982 161,600,788 138,636,206 137,200,796 99,311,523 168,753,382 134,370,172 51,027,742                                                                                                                                                                                                                          
Diluted (in shares) 169,010,448 172,266,298 173,687,233 168,334,982 161,600,788 142,066,649 140,351,846 99,311,523 168,753,382 134,370,172 51,027,742                                                                                                                                                                                                                          
Hotel Closing [Abstract]                                                                                                                                                                                                                                                
Carrying value ceased operations at the Comfort Inn, located in North Dartmouth, MA       $ 1,949                                                                                                                                                                                                                                        
[1] Income (loss) allocated to noncontrolling interest in Hersha Hospitality Limited Partnership has been excluded from the numerator and units of limited partnership interest in Hersha Hospitality Limited Partnership have been omitted from the denominator for the purpose of computing diluted earnings per share since the effect of including these amounts in the numerator and denominator would have no impact. Unvested stock awards, contingently issuable share awards and options to acquire our common shares have been omitted from the denominator for the purpose of computing diluted earnings per share for the twelve months ended December 31, 2011, 2010, and 2009, since the effect of including these awards in the denominator would be anti-dilutive to loss from continuing operations applicable to common shareholders.