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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Operating Activities:    
Net Loss $ (9,501) $ (16,599)
Adjustments to Reconcile Net Loss to Net Cash Provided by Operating Activities:    
Property Losses in Excess of Insurance Recoveries 0 25
Junior Note PIK Interest Added to Principal 0 1,855
Depreciation 13,639 19,195
Amortization 685 1,484
Equity in Loss of Unconsolidated Joint Ventures 352 936
Loss (Gain) Recognized on Change in Fair Value of Derivative Instrument 7 (367)
Share Based Compensation Expense 2,052 2,541
(Increase) Decrease in:    
Hotel Accounts Receivable 4,108 1,370
Other Assets 112 194
Due from Related Parties 98 2,342
Increase (Decrease) in:    
Due to Related Parties (371) (1,284)
Accounts Payable, Accrued Expenses and Other Liabilities (1,184) 3,304
Net Cash Provided by Operating Activities 9,997 14,996
Investing Activities:    
Capital Expenditures (9,953) (4,219)
Contributions to Unconsolidated Joint Ventures 0 (485)
Net Cash Used in Investing Activities (9,953) (4,704)
Financing Activities:    
Principal Repayment of Mortgages (311) (553)
Deferred Financing Costs 0 (196)
Dividends Paid on Common Shares (21,761) 0
Dividends Paid on Preferred Shares (6,044) (6,044)
Distributions Paid on Common Units and LTIP Units (3,817) 0
Net Cash Used in Financing Activities (31,933) (6,793)
Net (Decrease) Increase in Cash, Cash Equivalents, and Restricted Cash (31,889) 3,499
Cash, Cash Equivalents, and Restricted Cash - Beginning of Period 230,020 84,945
Cash, Cash Equivalents, and Restricted Cash - End of Period $ 198,131 $ 88,444