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Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2019
Dec. 31, 2018
Assets:    
Investment in Hotel Properties, Net of Accumulated Depreciation $ 1,999,650 $ 2,026,659
Investment in Unconsolidated Joint Ventures 6,984 4,004
Cash and Cash Equivalents 36,780 32,598
Escrow Deposits 10,767 8,185
Hotel Accounts Receivable, Net of Allowance for Doubtful Accounts of $0 and $188 10,566 10,241
Due from Related Parties 5,747 3,294
Intangible Assets, Net of Accumulated Amortization of $6,324 and $7,308 2,333 13,644
Right of Use Asset 45,990  
Other Assets 37,657 40,005
Total Assets 2,156,474 2,138,630
Liabilities and Equity:    
Line of Credit 37,000 10,000
Unsecured Term Loans, Net of Unamortized Deferred Financing Costs (Note 5) 698,559 698,202
Unsecured Notes Payable, Net of Unamortized Deferred Financing Costs (Note 5) 50,710 50,684
Mortgages Payable, Net of Unamortized Premium and Unamortized Deferred Financing Costs 333,133 334,145
Lease Liability 54,861  
Accounts Payable, Accrued Expenses and Other Liabilities 50,070 70,947
Dividends and Distributions Payable 17,222 17,129
Total Liabilities 1,241,555 1,181,107
Redeemable Noncontrolling Interests - Consolidated Joint Venture (Note 1) 2,856 2,708
Shareholders' Equity:    
Preferred Shares: $.01 Par Value, 29,000,000 Shares Authorized, 3,000,000 Series C, 7,701,700 Series D and 4,001,514 Series E Shares Issued and Outstanding at June 30, 2019 and December 31, 2018, with Liquidation Preferences of $25 Per Share (Note 1) 147 147
Accumulated Other Comprehensive Income (3,285) 4,227
Additional Paid-in Capital 1,152,939 1,155,776
Distributions in Excess of Net Income (302,705) (267,740)
Total Shareholders' Equity 847,489 892,805
Noncontrolling Interests (Note 1) 64,574 62,010
Total Equity 912,063 954,815
Total Liabilities and Equity 2,156,474 2,138,630
Class A Common Shares [Member]    
Shareholders' Equity:    
Common Shares 393 395
Class B Common Shares [Member]    
Shareholders' Equity:    
Common Shares $ 0 $ 0