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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2022
Dec. 31, 2021
Assets:    
Investment in Hotel Properties, Net of Accumulated Depreciation $ 1,335,479 $ 1,665,097
Investment in Unconsolidated Joint Ventures 5,486 5,580
Cash and Cash Equivalents 87,918 72,238
Escrow Deposits 12,764 12,707
Hotel Accounts Receivable 8,242 8,491
Due from Related Parties 534 2,495
Intangible Assets, Net of Accumulated Amortization of $7,075 and $6,944 1,204 1,335
Right of Use Assets 30,152 43,442
Other Assets 36,152 21,759
Hotel Assets Held for Sale 318,716 0
Total Assets 1,836,647 1,833,144
Liabilities and Equity:    
Line of Credit 118,684 118,684
Term Loans, Net of Unamortized Deferred Financing Costs (Note 5) 496,527 496,085
Unsecured Notes Payable, Net of Unamortized Discount and Unamortized Deferred Financing Costs (Note 5) 201,386 198,490
Mortgages Payable, Net of Unamortized Premium and Unamortized Deferred Financing Costs 229,605 304,614
Lease Liabilities 47,744 53,691
Accounts Payable, Accrued Expenses and Other Liabilities 38,990 43,207
Dividends and Distributions Payable 6,044 6,044
Liabilities Related to Hotel Assets Held for Sale 79,787 0
Due to Related Parties 482 1,723
Total Liabilities 1,219,249 1,222,538
Redeemable Noncontrolling Interests - Consolidated Joint Venture (Note 1) 5,274 2,310
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, 2022 and December 31, 2021, with Liquidation Preferences of $25.00 Per Share (Note 1) 147 147
Accumulated Other Comprehensive Income (Loss) 15,629 (2,747)
Additional Paid-in Capital 1,154,367 1,155,034
Distributions in Excess of Net Income (612,951) (595,454)
Total Shareholders' Equity 557,588 557,374
Noncontrolling Interests (Note 1) 54,536 50,922
Total Equity 612,124 608,296
Total Liabilities and Equity 1,836,647 1,833,144
Class A Common Shares    
Shareholders' Equity:    
Common Shares 396 394
Class B Common Shares    
Shareholders' Equity:    
Common Shares $ 0 $ 0