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Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2019
Dec. 31, 2018
ASSETS    
Property and equipment, net $ 2,979,486 $ 2,944,617
Right-of-use assets 98,833  
Favorable lease assets, net 0 63,945
Restricted cash 47,561 47,735
Due from hotel managers 111,107 86,914
Prepaid and other assets 16,567 10,506
Cash and cash equivalents 41,904 43,863
Total assets 3,295,458 3,197,580
Liabilities:    
Mortgage and other debt, net of unamortized debt issuance costs 623,273 629,747
Term loans, net of unamortized debt issuance costs 348,486 348,219
Senior unsecured credit facility 105,000 0
Total debt 1,076,759 977,966
Deferred income related to key money, net 11,541 11,739
Unfavorable contract liabilities, net 68,547 73,151
Deferred rent 49,939 93,719
Lease liabilities 102,324  
Due to hotel managers 77,557 72,678
Distributions declared and unpaid 25,667 26,339
Accounts payable and accrued expenses 57,314 51,395
Total liabilities 1,469,648 1,306,987
Equity:    
Preferred stock, $0.01 par value; 10,000,000 shares authorized; no shares issued and outstanding 0 0
Common stock, $0.01 par value; 400,000,000 shares authorized; 200,477,286 and 204,536,485 shares issued and outstanding at June 30, 2019 and December 31, 2018, respectively 2,005 2,045
Additional paid-in capital 2,089,745 2,126,472
Accumulated deficit (273,849) (245,620)
Total stockholders’ equity 1,817,901 1,882,897
Noncontrolling interests 7,909 7,696
Total equity 1,825,810 1,890,593
Total liabilities and equity $ 3,295,458 $ 3,197,580