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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Operating Activities:    
Net (Loss) Income $ (145,925) $ (1,816)
Adjustments to Reconcile Net Loss to Net Cash Provided by Operating Activities:    
Loss on Impairment of Assets 1,069 0
Deferred Taxes 11,390 (2,126)
Depreciation 72,229 71,760
Amortization 2,200 1,613
Loss on Debt Extinguishment 0 265
Equity in Loss (Income) of Unconsolidated Joint Ventures 2,189 (518)
Distributions from Unconsolidated Joint Ventures 0 556
Loss Recognized on Change in Fair Value of Derivative Instrument 3,271 226
Share Based Compensation Expense 6,191 7,441
(Increase) Decrease in:    
Hotel Accounts Receivable 5,472 322
Other Assets 2,442 76
Due from Related Parties 4,203 (2,420)
Decrease in:    
Accounts Payable, Accrued Expenses and Other Liabilities (4,189) (905)
Net Cash Provided by (Used in) Operating Activities (39,458) 74,474
Investing Activities:    
Capital Expenditures (21,958) (33,706)
Cash Paid for Hotel Development Projects 21  
Cash Paid for Hotel Development Projects   (149)
Contributions to Unconsolidated Joint Ventures (825) (4,000)
Distributions from Unconsolidated Joint Ventures 0 1,342
Net Cash Used in Investing Activities (22,762) (36,513)
Financing Activities:    
Borrowings Under Line of Credit, Net 67,000 36,000
Proceeds of Unsecured Term Loan Borrowing 0 0
Repayment of Borrowings Under Unsecured Term Loan 0 0
Proceeds of Mortgages and Notes Payable 0 56,469
Principal Repayment of Mortgages and Notes Payable (1,067) (57,033)
Proceeds of Paycheck Protection Program ("PPP") Loans 18,936 0
Repayment of PPP Loans (18,936) 0
Cash Paid for Deferred Financing Costs (2,354) (2,878)
Cash Paid for Debt Extinguishment 0 (194)
Repurchase of Common Shares 0 (14,196)
Dividends Paid on Common Shares (10,809) (32,960)
Dividends Paid on Preferred Shares (6,044) (18,130)
Distributions Paid on Common Units and LTIP Units (1,198) (3,570)
Other Financing Activities (30) (91)
Net Cash Provided by (Used in) Financing Activities 45,498 (36,583)
Net Increase (Decrease) in Cash, Cash Equivalents, and Restricted Cash (16,722) 1,378
Cash, Cash Equivalents, and Restricted Cash - Beginning of Period 36,985 40,783
Cash, Cash Equivalents, and Restricted Cash - End of Period $ 20,263 $ 42,161