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Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2016
Dec. 31, 2015
Assets:    
Investment in Hotel Properties, Net of Accumulated Depreciation, Including Consolidation of Variable Interest Entity Assets of $82,043 and $82,787 $ 1,682,992 $ 1,831,119
Investment in Unconsolidated Joint Ventures 17,244 10,316
Cash and Cash Equivalents 236,102 27,955
Escrow Deposits 15,875 19,204
Hotel Accounts Receivable, Net of Allowance for Doubtful Accounts of $8 and $12 8,467 9,465
Due from Related Parties 14,061 6,243
Intangible Assets, Net of Accumulated Amortization of $3,926 and $3,951 14,372 13,389
Deposits on Hotel Acquisitions   5,000
Other Assets 37,382 39,958
Total Assets 2,026,495 1,962,649
Liabilities and Equity:    
Line of Credit   27,000
Unsecured Term Loan, Net of Unamortized Deferred Financing Costs (Note 5) 508,633 547,780
Unsecured Notes Payable, Net of Unamortized Deferred Financing Costs (Note 5) 50,551 50,525
Mortgages Payable, including Net Unamortized Premium and Unamortized Deferred Financing Costs, and Consolidation of Variable Interest Entity Debt of $51,687 and $52,509 (Note 5) 494,606 544,659
Accounts Payable, Accrued Expenses and Other Liabilities 58,685 59,226
Dividends and Distributions Payable 14,785 16,515
Due to Related Parties 18 8,789
Deferred Gain on Disposition of Hotel Assets 81,333  
Total Liabilities 1,208,611 1,254,494
Shareholders' Equity:    
Preferred Shares: $.01 Par Value, 29,000,000 Shares Authorized, 3,000,000 Series C and 7,700,000 Series D Shares Issued and Outstanding at June 30, 2016 and December 31, 2015, with Liquidation Preferences of $25 Per Share (Note 1) 107 76
Accumulated Other Comprehensive Loss (687) (466)
Additional Paid-in Capital 1,118,190 1,086,259
Distributions in Excess of Net Income (337,743) (408,274)
Total Shareholders' Equity 780,291 678,039
Noncontrolling Interests (Note 1):    
Noncontrolling Interests - Common Units and LTIP Units 39,683 31,876
Noncontrolling Interest - Consolidated Variable Interest Entity (2,090) (1,760)
Total Noncontrolling Interests 37,593 30,116
Total Equity 817,884 708,155
Total Liabilities and Equity 2,026,495 1,962,649
Class A Common Shares [Member]    
Shareholders' Equity:    
Common Shares 424 444
Class B Common Shares [Member]    
Shareholders' Equity:    
Common Shares