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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2022
Dec. 31, 2021
Assets:    
Investment in Hotel Properties, Net of Accumulated Depreciation $ 1,189,239 $ 1,665,097
Investment in Unconsolidated Joint Ventures 4,989 5,580
Cash and Cash Equivalents 224,955 72,238
Escrow Deposits 5,065 12,707
Hotel Accounts Receivable 8,922 8,491
Due from Related Parties 245 2,495
Intangible Assets, Net of Accumulated Amortization of $1,211 and $6,944 684 1,335
Right of Use Assets 16,226 43,442
Other Assets 38,552 21,759
Total Assets 1,488,877 1,833,144
Liabilities and Equity:    
Line of Credit 0 118,684
Secured Term Loans, Net of Unamortized Deferred Financing Costs (Note 5) 370,636 496,085
Unsecured Notes Payable, Net of Unamortized Deferred Financing Costs (Note 5) 50,895 198,490
Mortgages Payable, Net of Unamortized Premium and Unamortized Deferred Financing Costs 208,354 304,614
Lease Liabilities 19,003 53,691
Accounts Payable, Accrued Expenses and Other Liabilities 44,148 43,207
Dividends and Distributions Payable 31,694 6,044
Due to Related Parties 2,610 1,723
Total Liabilities 727,340 1,222,538
Redeemable Noncontrolling Interests - Consolidated Joint Venture (Note 12) 5,076 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 December 31, 2022 and December 31, 2021, with Liquidation Preferences of $25 Per Share (Note 1) 147 147
Accumulated Other Comprehensive Income (Loss) 16,213 (6,211)
Additional Paid-in Capital 1,157,057 1,155,034
Distributions in Excess of Net Income (490,815) (592,314)
Total Shareholders' Equity 683,000 557,050
Noncontrolling Interests (Note 1): 73,461 51,246
Total Equity 756,461 608,296
Total Liabilities, Redeemable Noncontrolling Interests, and Equity 1,488,877 1,833,144
Class A Common Shares    
Shareholders' Equity:    
Common Shares 398 394
Class B Common Shares    
Shareholders' Equity:    
Common Shares $ 0 $ 0