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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2016
Dec. 31, 2015
Assets:    
Investment in Hotel Properties, Net of Accumulated Depreciation, Including Consolidation of Variable Interest Entity Assets of $0 and $82,787 (Note 1) $ 1,767,570 $ 1,831,119
Investment in Unconsolidated Joint Ventures 11,441 10,316
Cash and Cash Equivalents 185,644 27,955
Escrow Deposits 8,993 19,204
Hotel Accounts Receivable, Net of Allowance for Doubtful Accounts of $91 and $12 8,769 9,465
Due from Related Parties 18,332 6,243
Intangible Assets, Net of Accumulated Amortization of $4,532 and $3,951 16,944 13,389
Deposits on Hotel Acquisitions   5,000
Other Assets 39,370 39,958
Hotel Assets Held for Sale 98,473  
Total Assets 2,155,536 1,962,649
Liabilities and Equity:    
Line of Credit 27,000
Unsecured Term Loans, Net of Unamortized Deferred Financing Costs (Note 5) 663,500 547,780
Unsecured Notes Payable, Net of Unamortized Deferred Financing Costs (Note 5) 50,578 50,525
Mortgages Payable, including Net Unamortized Premium and Unamortized Deferred Financing Costs, and Consolidation of Variable Interest Entity Debt of $0 and $52,509 (Note 1, Note 5) 337,821 544,659
Accounts Payable, Accrued Expenses and Other Liabilities 65,106 59,226
Dividends and Distributions Payable 26,050 16,515
Due to Related Parties   8,789
Liabilities Related To Hotel Assets Held for Sale 51,428  
Deferred Gain on Disposition of Hotel Assets 81,314  
Total Liabilities 1,275,797 1,254,494
Shareholders' Equity:    
Preferred Shares: $.01 Par Value, 29,000,000 Shares Authorized, 3,000,000 Series C, 7,700,000 Series D and 4,000,000 Series E Shares Issued and Outstanding at December 31, 2016 and 4,600,000 Series B and 3,000,000 Series C Shares Issued and Outstanding at December 31, 2015, with Liquidation Preferences of $25 Per Share (Note 1) 147 76
Accumulated Other Comprehensive Income (Loss) 1,373 (466)
Additional Paid-in Capital 1,198,311 1,086,259
Distributions in Excess of Net Income (364,831) (408,274)
Total Shareholders' Equity 835,418 678,039
Noncontrolling Interests (Note 1):    
Noncontrolling Interests - Common Units and LTIP Units 44,321 31,876
Noncontrolling Interest - Consolidated Variable Interest Entity   (1,760)
Total Noncontrolling Interests 44,321 30,116
Total Equity 879,739 708,155
Total Liabilities and Equity 2,155,536 1,962,649
Class A Common Shares [Member]    
Shareholders' Equity:    
Common Shares 418 444
Class B Common Shares [Member]    
Shareholders' Equity:    
Common Shares