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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 30, 2021
Dec. 31, 2020
Assets:    
Investment in Hotel Properties, Net of Accumulated Depreciation $ 1,681,563 $ 1,784,838
Investment in Unconsolidated Joint Ventures 6,114 6,633
Cash and Cash Equivalents 71,244 16,637
Escrow Deposits 12,497 6,970
Hotel Accounts Receivable 6,846 5,690
Due from Related Parties 2,604 2,641
Intangible Assets, Net of Accumulated Amortization of $6,892 and $6,840 1,400 1,739
Right of Use Assets 43,776 44,126
Other Assets 22,642 15,494
Hotel Assets Held for Sale 0 96,220
Total Assets 1,848,686 1,980,988
Liabilities and Equity:    
Line of Credit 118,684 133,053
Term Loans, Net of Unamortized Deferred Financing Costs (Note 5) 495,871 681,744
Unsecured Notes Payable, Net of Unamortized Discount and Unamortized Deferred Financing Costs (Note 5) 196,093 50,789
Mortgages Payable, Net of Unamortized Premium and Unamortized Deferred Financing Costs 305,044 330,848
Lease Liabilities 53,895 53,852
Accounts Payable, Accrued Expenses and Other Liabilities 52,880 58,453
Dividends and Distributions Payable 6,044 0
Due to Related Parties 834 0
Total Liabilities 1,229,345 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 September 30, 2021 and December 31, 2020, with Liquidation Preferences of $25.00 Per Share (Note 1) 147 147
Accumulated Other Comprehensive Loss (8,853) (19,275)
Additional Paid-in Capital 1,154,550 1,150,985
Distributions in Excess of Net Income (576,956) (509,243)
Total Shareholders' Equity 569,281 623,003
Noncontrolling Interests (Note 1) 48,092 49,246
Total Equity 617,373 672,249
Total Liabilities and Equity 1,848,686 1,980,988
Class A Common Shares    
Shareholders' Equity:    
Common Shares 393 389
Class B Common Shares    
Shareholders' Equity:    
Common Shares $ 0 $ 0