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Consolidated Statements Of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Cash flows from operating activities:    
Net earnings $ 1,553 $ 18,883
Adjustments to reconcile net earnings to net cash provided by operating activities:    
Depreciation and amortization expense 4,813 4,096
Net gain on disposition of assets (4,803) (16,495)
Net gain on derivatives and convertible debt (416) (6,305)
Equity in (earnings) loss of joint venture (295) 54
Distributions from cumulative earnings of joint venture 51  
Amortization of deferred financing costs 726 492
Loss on extinguishment of debt 800 1,548
Impairment loss, net 1,598 1,257
Stock-based compensation and long term incentive plan expense 665 228
Warrant issuance costs 289 12
Changes in operating assets and liabilities:    
Increase in assets (1,902) (687)
Increase in liabilities 3,603 1,038
Net cash provided by operating activities 6,682 4,121
Cash flows from investing activities:    
Additions to investment in hotel properties (2,245) (2,784)
Deposit on hotel property and franchise fees (475) (288)
Investment in joint venture   (9,280)
Distributions in excess of cumulative earnings from joint venture 628  
Hotel acquisitions (122,269)  
Net proceeds from sale of hotel assets 23,167 33,374
Net change in capital expenditure escrows 863 709
Net cash provided by (used in) investing activities (100,331) 21,731
Cash flows from financing activities:    
Deferred financing costs (3,611) (29)
Proceeds from long-term debt 147,500 10,131
Principal payments on long-term debt (91,091) (33,264)
Debt early extinguishment penalties (454) (1,268)
Proceeds from common stock issuance 45,879  
Series A and B Preferred Stock redemption, including accumulated dividends   (20,167)
Series D Preferred Stock issuance   28,884
Series E Preferred Stock issuance costs (1,190)  
Cash dividends paid to common shareholders (4,669) (49)
Cash dividends paid to preferred shareholders (1,821) (3,598)
Other items (59) (7)
Net cash provided by (used in) financing activities 90,484 (19,367)
Increase (decrease) in cash and cash equivalents (3,165) 6,485
Cash and cash equivalents, beginning of period 8,326 4,870
Cash and cash equivalents, end of period 5,161 11,355
Supplemental cash flow information:    
Interest paid 2,652 3,312
Income taxes paid 88  
Schedule of noncash investing and financing activities:    
Fair value of CHLP common units issued in acquisitions 435  
In kind dividends deemed on preferred stock 9,900 $ 20,218
Debt assumed in acquisitions $ 9,096