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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2023
Dec. 31, 2022
Assets:    
Investment in Hotel Properties, Net of Accumulated Depreciation $ 1,182,764 $ 1,189,239
Investment in Unconsolidated Joint Ventures 4,562 4,989
Cash and Cash Equivalents 142,391 224,955
Escrow Deposits 4,797 5,065
Hotel Accounts Receivable 6,201 8,922
Due from Related Parties 82 245
Intangible Assets, Net of Accumulated Amortization of $1,270 and $1,211 624 684
Right of Use Assets 16,774 16,226
Other Assets 35,584 38,552
Total Assets 1,393,779 1,488,877
Liabilities and Equity:    
Term Loans, Net of Unamortized Deferred Financing Costs (Note 5) 346,336 370,636
Unsecured Notes Payable, Net of Unamortized Deferred Financing Costs (Note 5) 50,921 50,895
Mortgages Payable, Net of Unamortized Premium and Unamortized Deferred Financing Costs 184,941 208,354
Lease Liabilities 19,518 19,003
Accounts Payable, Accrued Expenses and Other Liabilities 35,855 44,148
Dividends and Distributions Payable 8,451 31,694
Other Liabilities 2,534 2,610
Total Liabilities 648,556 727,340
Redeemable Noncontrolling Interests - Consolidated Joint Venture (Note 1) 4,660 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 June 30, 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 13,330 16,213
Additional Paid-in Capital 1,161,282 1,157,057
Distributions in Excess of Net Income (508,449) (490,815)
Total Shareholders' Equity 666,711 683,000
Noncontrolling Interests (Note 1) 73,852 73,461
Total Equity 740,563 756,461
Total Liabilities and Equity $ 1,393,779 $ 1,488,877
Other Liability, Related Party, Type [Extensible Enumeration] Affiliated Entity [Member] Affiliated Entity [Member]
Related Party    
Assets:    
Due from Related Parties $ 82 $ 245
Liabilities and Equity:    
Other Liabilities 2,534 2,610
Class A Common Shares    
Shareholders' Equity:    
Common Shares 401 398
Class B Common Shares    
Shareholders' Equity:    
Common Shares $ 0 $ 0