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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2019
Dec. 31, 2018
Assets:    
Investment in Hotel Properties, Net of Accumulated Depreciation $ 1,975,973 $ 2,026,659
Investment in Unconsolidated Joint Ventures 8,446 4,004
Cash and Cash Equivalents 27,012 32,598
Escrow Deposits 9,973 8,185
Hotel Accounts Receivable, Net of Allowance for Doubtful Accounts of $0 and $188 9,213 10,241
Due from Related Parties 6,113 3,294
Intangible Assets, Net of Accumulated Amortization of $6,545 and $7,308 2,137 13,644
Right of Use Assets 45,384  
Other Assets 38,177 40,005
Total Assets 2,122,428 2,138,630
Liabilities and Equity:    
Line of Credit 48,000 10,000
Unsecured Term Loans, Net of Unamortized Deferred Financing Costs (Note 5) 697,183 698,202
Unsecured Notes Payable, Net of Unamortized Deferred Financing Costs (Note 5) 50,736 50,684
Mortgages Payable, Net of Unamortized Premium and Unamortized Deferred Financing Costs 332,280 334,145
Lease Liabilities 54,548  
Accounts Payable, Accrued Expenses and Other Liabilities 47,626 70,947
Dividends and Distributions Payable 17,058 17,129
Total Liabilities 1,247,431 1,181,107
Redeemable Noncontrolling Interests - Consolidated Joint Venture (Note 1) 3,196 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 December 31, 2019 and December 31, 2018, with Liquidation Preferences of $25 Per Share (Note 1) 147 147
Accumulated Other Comprehensive Income 1,010 4,227
Additional Paid-in Capital 1,144,808 1,155,776
Distributions in Excess of Net Income (338,695) (267,740)
Total Shareholders' Equity 807,657 892,805
Noncontrolling Interests (Note 1): 64,144 62,010
Total Equity 871,801 954,815
Total Liabilities, Redeemable Noncontrolling Interests, and Equity 2,122,428 2,138,630
Class A Common Shares    
Shareholders' Equity:    
Common Shares 387 395
Class B Common Shares    
Shareholders' Equity:    
Common Shares $ 0 $ 0