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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 30, 2020
Dec. 31, 2019
Assets:    
Investment in Hotel Properties, Net of Accumulated Depreciation $ 1,883,335 $ 1,975,973
Investment in Unconsolidated Joint Ventures 7,082 8,446
Cash and Cash Equivalents 13,139 27,012
Escrow Deposits 7,124 9,973
Hotel Accounts Receivable 3,741 9,213
Due from Related Parties 1,910 6,113
Intangible Assets, Net of Accumulated Amortization of $6,796 and $6,545 1,786 2,137
Right of Use Assets 44,447 45,384
Other Assets 22,895 38,177
Hotel Assets Held for Sale 40,195 0
Total Assets 2,025,654 2,122,428
Liabilities and Equity:    
Line of Credit 115,000 48,000
Term Loans, Net of Unamortized Deferred Financing Costs (Note 5) 697,836 697,183
Unsecured Notes Payable, Net of Unamortized Deferred Financing Costs (Note 5) 50,776 50,736
Mortgages Payable, Net of Unamortized Premium and Unamortized Deferred Financing Costs 331,409 332,280
Lease Liabilities 54,042 54,548
Accounts Payable, Accrued Expenses and Other Liabilities 67,000 47,626
Dividends and Distributions Payable 0 17,058
Total Liabilities 1,316,063 1,247,431
Redeemable Noncontrolling Interests - Consolidated Joint Venture (Note 1) 0 3,196
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 September 30, 2020 and December 31, 2019, with Liquidation Preferences of $25.00 Per Share (Note 1) 147 147
Accumulated Other Comprehensive (Loss) Income (22,747) 1,010
Additional Paid-in Capital 1,150,057 1,144,808
Distributions in Excess of Net Income (470,534) (338,695)
Total Shareholders' Equity 657,312 807,657
Noncontrolling Interests (Note 1) 52,279 64,144
Total Equity 709,591 871,801
Total Liabilities and Equity 2,025,654 2,122,428
Class A Common Shares    
Shareholders' Equity:    
Common Shares 389 387
Class B Common Shares    
Shareholders' Equity:    
Common Shares $ 0 $ 0