Subsequent Event |
9 Months Ended |
|---|---|
Sep. 30, 2022 | |
| Subsequent Events [Abstract] | |
| Subsequent Event | Subsequent Events Subsequent to September 30, 2022, the Company issued approximately 1.4 million shares of Series E Preferred Stock and received net proceeds of approximately $32.5 million and issued approximately 171,000 shares of Series M Preferred Stock and received net proceeds of approximately $4.1 million. On October 31, 2022, the Company entered into a Purchase and Sale Agreement (the “Purchase Agreement”) to acquire a 100% interest in the 210-room Four Seasons Resort Scottsdale at Troon North for $267.8 million in cash. As required by the Purchase Agreement, the Company has deposited $26.8 million into escrow pending the closing or termination of the Purchase Agreement. The acquisition is expected to close by December 31, 2022, subject to certain customary closing conditions.
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