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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Operating Activities:    
Net (Loss) Income $ (16,966) $ 9,090
Adjustments to Reconcile Net (Loss) Income to Net Cash Provided by Operating Activities:    
Gain on Disposition of Hotel Properties 0 (48,352)
Property Losses in Excess of Insurance Recoveries 25 0
Junior Note PIK Interest Added to Principal 1,855 0
Deferred Taxes 0 (606)
Depreciation 19,195 21,708
Amortization 1,484 1,330
Loss on Debt Extinguishment 0 634
Equity in Loss of Unconsolidated Joint Ventures 936 658
Loss Recognized on Change in Fair Value of Derivative Instrument 0 301
Share Based Compensation Expense 2,541 2,169
(Increase) Decrease in:    
Hotel Accounts Receivable 1,370 (629)
Other Assets 194 (3,063)
Due from Related Parties 2,342 688
Increase (Decrease) in:    
Due to Related Parties (1,284) 0
Accounts Payable, Accrued Expenses and Other Liabilities 3,304 2,279
Net Cash Provided by (Used in) Operating Activities 14,996 (13,793)
Investing Activities:    
Capital Expenditures (4,219) (2,731)
Proceeds from Disposition of Hotel Properties 0 149,384
Contributions to Unconsolidated Joint Ventures (485) (275)
Net Cash (Used in) Provided by Investing Activities (4,704) 146,378
Financing Activities:    
Repayments on Line of Credit 0 (11,634)
Payments on Term Loans 0 (175,559)
Proceeds from Mortgages and Notes Payable 0 144,750
Principal Repayment of Mortgages (553) (704)
Deferred Financing Costs (196) (5,529)
Dividends Paid on Preferred Shares (6,044) (24,172)
Net Cash Used in Financing Activities (6,793) (72,848)
Net Increase in Cash, Cash Equivalents, and Restricted Cash 3,499 59,737
Cash, Cash Equivalents, and Restricted Cash - Beginning of Period 84,945 23,607
Cash, Cash Equivalents, and Restricted Cash - End of Period $ 88,444 $ 83,344