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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 30, 2023
Dec. 31, 2022
Assets:    
Investment in Hotel Properties, Net of Accumulated Depreciation $ 1,176,444 $ 1,189,239
Investment in Unconsolidated Joint Ventures 4,068 4,989
Cash and Cash Equivalents 146,145 224,955
Escrow Deposits 4,948 5,065
Hotel Accounts Receivable 6,111 8,922
Due from Related Parties 232 245
Intangible Assets, Net of Accumulated Amortization of $1,300 and $1,211 598 684
Right of Use Assets 16,612 16,226
Other Assets 33,300 38,552
Total Assets 1,388,458 1,488,877
Liabilities and Equity:    
Term Loans, Net of Unamortized Deferred Financing Costs (Note 6) 346,686 370,636
Unsecured Notes Payable, Net of Unamortized Deferred Financing Costs (Note 6) 50,935 50,895
Mortgages Payable, Net of Unamortized Premium and Unamortized Deferred Financing Costs 184,730 208,354
Lease Liabilities 19,338 19,003
Accounts Payable, Accrued Expenses and Other Liabilities 39,589 44,148
Dividends and Distributions Payable 8,451 31,694
Due to Related Parties 1,369 2,610
Total Liabilities 651,098 727,340
Redeemable Noncontrolling Interests - Consolidated Joint Venture (Note 2) 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 September 30, 2023 and December 31, 2022, with Liquidation Preferences of $25.00 Per Share (Note 2) 147 147
Accumulated Other Comprehensive Income 10,968 16,213
Additional Paid-in Capital 1,161,761 1,157,057
Distributions in Excess of Net Income (514,917) (490,815)
Total Shareholders' Equity 658,360 683,000
Noncontrolling Interests (Note 2) 74,340 73,461
Total Equity 732,700 756,461
Total Liabilities and Equity $ 1,388,458 $ 1,488,877
Other Liability, Related Party, Type [Extensible Enumeration] Affiliated Entity [Member] Affiliated Entity [Member]
Class A Common Shares    
Shareholders' Equity:    
Common Shares $ 401 $ 398
Class B Common Shares    
Shareholders' Equity:    
Common Shares $ 0 $ 0