v3.23.2

INVESTMENT IN UNCONSOLIDATED JOINT VENTURES (Summary of Unconsolidated Joint Ventures Income Statement) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Statement of Operations
Other Revenue	$ 84	$ 91	$ 143	$ 132
Lease Expense	(791)	(1,771)	(1,311)	(3,019)
Property Taxes and Insurance	(6,259)	(8,335)	(12,440)	(16,818)
General and Administrative	(5,770)	(6,491)	(10,702)	(11,809)
Depreciation and Amortization	(14,006)	(17,003)	(27,675)	(36,279)
Interest Expense	(8,865)	(14,397)	(17,954)	(28,267)
Income Tax (Expense) Benefit	(65)	(93)	(99)	(114)
Net Income (Loss)	5,961	9,584	(3,540)	(7,015)
Equity Method Investment, Nonconsolidated Investee or Group of Investees
Statement of Operations
Other Revenue	196	318	323	504
Operating Expenses	(2,693)	(3,630)	(4,328)	(6,083)
Lease Expense	(184)	(257)	(319)	(514)
Property Taxes and Insurance	(379)	(572)	(753)	(1,144)
General and Administrative	82	(15)	72	(35)
Depreciation and Amortization	(1,072)	(1,248)	(2,144)	(2,502)
Interest Expense	(836)	(773)	(1,639)	(1,442)
Income Tax (Expense) Benefit	(98)	(74)	0	51
Net Income (Loss)	53	597	(1,453)	(1,670)
Room Revenue
Statement of Operations
Room Revenue	74,646	98,242	132,162	163,374
Operating Expenses	(15,538)	(19,447)	(30,007)	(34,037)
Room Revenue \| Equity Method Investment, Nonconsolidated Investee or Group of Investees
Statement of Operations
Room Revenue	$ 5,037	$ 6,848	$ 7,335	$ 9,495

The aggregate costs related to goods produced and sold and services rendered by an entity during the reporting period. This excludes costs incurred during the reporting period related to financial services rendered and other revenue generating activities.

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