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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2020
Dec. 31, 2019
ASSETS    
Property and equipment, net $ 2,817,356 $ 3,026,769
Right-of-use assets 96,673 98,145
Restricted cash 23,050 57,268
Due from hotel managers 69,495 91,207
Prepaid and other assets 28,403 29,853
Cash and cash equivalents 111,796 122,524
Total assets 3,146,773 3,425,766
Liabilities:    
Mortgage and other debt, net of unamortized debt issuance costs 595,149 616,329
Unsecured term loans, net of unamortized debt issuance costs 398,550 398,770
Senior unsecured credit facility 55,000 75,000
Total debt 1,048,699 1,090,099
Deferred income related to key money, net 10,946 11,342
Unfavorable contract liabilities, net 64,796 67,422
Deferred rent 56,344 52,012
Lease liabilities 104,973 103,625
Due to hotel managers 95,548 72,445
Distributions declared and unpaid 138 25,815
Accounts payable and accrued expenses 46,404 81,944
Total liabilities 1,427,848 1,504,704
Equity:    
Preferred stock, $0.01 par value; 10,000,000 shares authorized: 8.250% Series A Cumulative Redeemable Preferred Stock (liquidation preference $25.00 per share), 4,760,000 and no shares issued and outstanding at December 31, 2020 and December 31, 2019, respectively 48 0
Common stock, $0.01 par value; 400,000,000 shares authorized; 210,073,514 and 200,207,795 shares issued and outstanding at December 31, 2020 and 2019, respectively 2,101 2,002
Additional paid-in capital 2,285,491 2,089,349
Accumulated deficit (576,531) (178,861)
Total stockholders' equity 1,711,109 1,912,490
Noncontrolling interests 7,816 8,572
Total equity 1,718,925 1,921,062
Total liabilities and equity $ 3,146,773 $ 3,425,766