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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 30, 2022
Dec. 31, 2021
Assets:    
Investment in Hotel Properties, Net of Accumulated Depreciation $ 1,196,953 $ 1,665,097
Investment in Unconsolidated Joint Ventures 5,965 5,580
Cash and Cash Equivalents 94,271 72,238
Escrow Deposits 13,129 12,707
Hotel Accounts Receivable 6,765 8,491
Due from Related Parties 142 2,495
Intangible Assets, Net of Accumulated Amortization of $5,950 and $6,944 814 1,335
Right of Use Assets 16,494 43,442
Other Assets 43,110 21,759
Hotel Assets Held for Sale 196,845 0
Total Assets 1,574,488 1,833,144
Liabilities and Equity:    
Line of Credit 0 118,684
Term Loans, Net of Unamortized Deferred Financing Costs (Note 5) 397,433 496,085
Unsecured Notes Payable, Net of Unamortized Discount and Unamortized Deferred Financing Costs (Note 5) 50,882 198,490
Mortgages Payable, Net of Unamortized Premium and Unamortized Deferred Financing Costs 208,620 304,614
Lease Liabilities 19,288 53,691
Accounts Payable, Accrued Expenses and Other Liabilities 46,553 43,207
Dividends and Distributions Payable 8,375 6,044
Liabilities Related to Hotel Assets Held for Sale 88,074 0
Due to Related Parties 1,484 1,723
Total Liabilities 820,709 1,222,538
Redeemable Noncontrolling Interests - Consolidated Joint Venture (Note 1) 4,659 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 September 30, 2022 and December 31, 2021, with Liquidation Preferences of $25.00 Per Share (Note 1) 147 147
Accumulated Other Comprehensive Income (Loss) 16,652 (6,211)
Additional Paid-in Capital 1,156,213 1,155,034
Distributions in Excess of Net Income (496,284) (592,314)
Total Shareholders' Equity 677,125 557,050
Noncontrolling Interests (Note 1) 71,995 51,246
Total Equity 749,120 608,296
Total Liabilities and Equity 1,574,488 1,833,144
Class A Common Shares    
Shareholders' Equity:    
Common Shares 397 394
Class B Common Shares    
Shareholders' Equity:    
Common Shares $ 0 $ 0