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Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2016
Dec. 31, 2015
Assets:    
Investment in Hotel Properties, Net of Accumulated Depreciation, Including Consolidation of Variable Interest Entity Assets of $82,412 and $82,787 $ 1,702,891 $ 1,831,119
Investment in Unconsolidated Joint Ventures 9,853 10,316
Cash and Cash Equivalents 23,677 27,955
Escrow Deposits 20,798 19,204
Hotel Accounts Receivable, Net of Allowance for Doubtful Accounts of $2 and $12 10,263 9,465
Due from Related Parties 6,286 6,243
Intangible Assets, Net of Accumulated Amortization of $4,065 and $3,951 14,150 13,389
Deposits on Hotel Acquisitions   5,000
Other Assets 36,129 39,958
Hotel Assets Held for Sale 264,784  
Total Assets 2,088,831 1,962,649
Liabilities and Equity:    
Line of Credit 178,550 27,000
Unsecured Term Loan, Net of Unamortized Deferred Financing Costs (Note 5) 547,829 547,780
Unsecured Notes Payable, Net of Unamortized Deferred Financing Costs (Note 5) 50,538 50,525
Mortgages Payable, including Net Unamortized Premium and Unamortized Deferred Financing Costs, and Consolidation of Variable Interest Entity Debt of $52,095 and $52,509 (Note 5) 495,604 544,659
Accounts Payable, Accrued Expenses and Other Liabilities 56,720 59,226
Dividends and Distributions Payable 16,900 16,515
Due to Related Parties 3,844 8,789
Liabilities Related To Hotel Assets Held for Sale 55,203  
Total Liabilities 1,405,188 1,254,494
Shareholders' Equity:    
Preferred Shares: $.01 Par Value, 29,000,000 Shares Authorized, 4,600,000 Series B and 3,000,000 Series C Shares Issued and Outstanding at March 31, 2016 and December 31, 2015, with Liquidation Preferences of $25 Per Share (Note 1) 76 76
Accumulated Other Comprehensive Loss (703) (466)
Additional Paid-in Capital 1,083,158 1,086,259
Distributions in Excess of Net Income (432,017) (408,274)
Total Shareholders' Equity 650,957 678,039
Noncontrolling Interests (Note 1):    
Noncontrolling Interests - Common Units and LTIP Units 34,608 31,876
Noncontrolling Interest - Consolidated Variable Interest Entity (1,922) (1,760)
Total Noncontrolling Interests 32,686 30,116
Total Equity 683,643 708,155
Total Liabilities and Equity 2,088,831 1,962,649
Class A Common Shares [Member]    
Shareholders' Equity:    
Common Shares $ 443 $ 444
Class B Common Shares [Member]    
Shareholders' Equity:    
Common Shares