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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2021
Dec. 31, 2020
Assets:    
Investment in Hotel Properties, Net of Accumulated Depreciation $ 1,665,097 $ 1,784,838
Investment in Unconsolidated Joint Ventures 5,580 6,633
Cash and Cash Equivalents 72,238 16,637
Escrow Deposits 12,707 6,970
Hotel Accounts Receivable 8,491 5,690
Due from Related Parties 2,495 2,641
Intangible Assets, Net of Accumulated Amortization of $6,944 and $6,840 1,335 1,739
Right of Use Assets 43,442 44,126
Other Assets 21,759 15,494
Hotel Assets Held for Sale 0 96,220
Total Assets 1,833,144 1,980,988
Liabilities and Equity:    
Line of Credit 118,684 133,053
Secured Term Loans, Net of Unamortized Deferred Financing Costs (Note 5) 496,085 681,744
Unsecured Notes Payable, Net of Unamortized Deferred Financing Costs (Note 5) 198,490 50,789
Mortgages Payable, Net of Unamortized Premium and Unamortized Deferred Financing Costs 304,614 330,848
Lease Liabilities 53,691 53,852
Accounts Payable, Accrued Expenses and Other Liabilities 43,207 58,453
Dividends and Distributions Payable 6,044 0
Due to Related Parties 1,723 0
Total Liabilities 1,222,538 1,308,739
Redeemable Noncontrolling Interests - Consolidated Joint Venture (Note 12) 2,310 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 December 31, 2020 and December 31, 2019, with Liquidation Preferences of $25 Per Share 147 147
Accumulated Other Comprehensive Loss (2,747) (19,275)
Additional Paid-in Capital 1,155,034 1,150,985
Distributions in Excess of Net Income (595,454) (509,243)
Total Shareholders' Equity 557,374 623,003
Noncontrolling Interests (Note 1): 50,922 49,246
Total Equity 608,296 672,249
Total Liabilities, Redeemable Noncontrolling Interests, and Equity 1,833,144 1,980,988
Class A Common Shares    
Shareholders' Equity:    
Common Shares 394 389
Class B Common Shares    
Shareholders' Equity:    
Common Shares $ 0 $ 0