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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2023
Dec. 31, 2022
Assets:    
Investment in Hotel Properties, Net of Accumulated Depreciation $ 1,186,707 $ 1,189,239
Investment in Unconsolidated Joint Ventures 4,636 4,989
Cash and Cash Equivalents 193,574 224,955
Escrow Deposits 4,557 5,065
Hotel Accounts Receivable 4,814 8,922
Due from Related Parties 147 245
Intangible Assets, Net of Accumulated Amortization of $1,240 and $1,211 654 684
Right of Use Assets 15,954 16,226
Other Assets 34,210 38,552
Total Assets 1,445,253 1,488,877
Liabilities and Equity:    
Term Loans, Net of Unamortized Deferred Financing Costs (Note 5) 370,986 370,636
Unsecured Notes Payable, Net of Unamortized Deferred Financing Costs (Note 5) 50,908 50,895
Mortgages Payable, Net of Unamortized Premium and Unamortized Deferred Financing Costs 208,186 208,354
Lease Liabilities 18,715 19,003
Accounts Payable, Accrued Expenses and Other Liabilities 41,336 44,148
Dividends and Distributions Payable 8,440 31,694
Due to Related Parties 2,239 2,610
Total Liabilities 700,810 727,340
Redeemable Noncontrolling Interests - Consolidated Joint Venture (Note 1) 6,466 5,076
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 March 31, 2023 and December 31, 2022, with Liquidation Preferences of $25.00 Per Share (Note 1) 147 147
Accumulated Other Comprehensive Income (Loss), Net of Tax 12,751 16,213
Additional Paid-in Capital 1,157,015 1,157,057
Distributions in Excess of Net Income (506,358) (490,815)
Total Shareholders' Equity 663,954 683,000
Noncontrolling Interests (Note 1) 74,023 73,461
Total Equity 737,977 756,461
Total Liabilities and Equity 1,445,253 1,488,877
Class A Common Shares    
Shareholders' Equity:    
Common Shares 399 398
Class B Common Shares    
Shareholders' Equity:    
Common Shares $ 0 $ 0