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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2021
Dec. 31, 2020
Assets:    
Investment in Hotel Properties, Net of Accumulated Depreciation $ 1,699,230 $ 1,784,838
Investment in Unconsolidated Joint Ventures 5,936 6,633
Cash and Cash Equivalents 69,083 16,637
Escrow Deposits 11,067 6,970
Hotel Accounts Receivable 5,539 5,690
Due from Related Parties 1,552 2,641
Intangible Assets, Net of Accumulated Amortization of $6,827 and $6,840 1,465 1,739
Right of Use Assets 43,467 44,126
Other Assets 20,395 15,494
Hotel Assets Held for Sale 0 96,220
Total Assets 1,857,734 1,980,988
Liabilities and Equity:    
Line of Credit 118,684 133,053
Term Loans, Net of Unamortized Deferred Financing Costs (Note 5) 495,657 681,744
Unsecured Notes Payable, Net of Unamortized Discount and Unamortized Deferred Financing Costs (Note 5) 193,725 50,789
Mortgages Payable, Net of Unamortized Premium and Unamortized Deferred Financing Costs 304,426 330,848
Lease Liabilities 53,455 53,852
Accounts Payable, Accrued Expenses and Other Liabilities 49,088 58,453
Dividends and Distributions Payable 6,044 0
Total Liabilities 1,221,079 1,308,739
Redeemable Noncontrolling Interests - Consolidated Joint Venture (Note 1) 1,968 0
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, 2021 and December 31, 2020, with Liquidation Preferences of $25.00 Per Share (Note 1) 147 147
Accumulated Other Comprehensive Loss (11,024) (19,275)
Additional Paid-in Capital 1,153,657 1,150,985
Distributions in Excess of Net Income (557,157) (509,243)
Total Shareholders' Equity 586,015 623,003
Noncontrolling Interests (Note 1) 48,672 49,246
Total Equity 634,687 672,249
Total Liabilities and Equity 1,857,734 1,980,988
Class A Common Shares    
Shareholders' Equity:    
Common Shares 392 389
Class B Common Shares    
Shareholders' Equity:    
Common Shares $ 0 $ 0