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Consolidated Statements Of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Operating Activities:    
Net Income (Loss) $ (2,323) $ 2,689
Adjustments to Reconcile Net Loss to Net Cash Provided by Operating Activities:    
Gain on Disposition of Hotel Properties, Net 0 (3,403)
Gains from Insurance Recoveries 0 (6,363)
Deferred Taxes (1,348) (1,485)
Depreciation 47,791 43,119
Amortization 1,107 1,415
Loss on Debt Extinguishment 17 22
Equity in Income of Unconsolidated Joint Ventures (480) (336)
Distributions from Unconsolidated Joint Ventures 478 313
Loss Recognized on Change in Fair Value of Derivative Instrument 163 89
Share Based Compensation Expense 5,432 4,729
Proceeds received for business interruption insurance claims 0 7,183
(Increase) Decrease in:    
Hotel Accounts Receivable (325) 484
Other Assets (1,317) (4,124)
Due from Related Parties (2,453) 373
Increase in:    
Accounts Payable, Accrued Expenses and Other Liabilities 129 7,205
Net Cash Provided by Operating Activities 46,871 51,910
Investing Activities:    
Purchase of Hotel Property Assets 0 (41,230)
Capital Expenditures (21,230) (38,359)
Cash Paid for Hotel Development Projects (467) (22,024)
Proceeds from Disposition of Hotel Properties 0 49,580
Contributions to Unconsolidated Joint Ventures (4,000) 0
Proceeds from Insurance Claims 0 9,242
Distributions from Unconsolidated Joint Ventures 1,022 47,925
Net Cash (Used in) Provided by Investing Activities (24,675) 5,134
Financing Activities:    
Borrowings Under Line of Credit, Net 27,000 9,900
Repayment of Borrowings Under Unsecured Term Loan 0 (18,000)
Proceeds of Mortgages and Notes Payable 56,000 28,000
Principal Repayment of Mortgages and Notes Payable (56,636) (851)
Cash Paid for Deferred Financing Costs (643) (409)
Repurchase of Common Shares (4,624) (10,833)
Dividends Paid on Common Shares (21,980) (22,151)
Dividends Paid on Preferred Shares (12,087) (12,087)
Distributions Paid on Common Units and LTIP Units (2,371) (2,059)
Other Financing Activities (91) (208)
Net Cash Used in Financing Activities (15,432) (28,698)
Net Increase in Cash, Cash Equivalents, and Restricted Cash 6,764 28,346
Cash, Cash Equivalents, and Restricted Cash - Beginning of Period 40,783 25,586
Cash, Cash Equivalents, and Restricted Cash - End of Period $ 47,547 $ 53,932