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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2021
Dec. 31, 2020
ASSETS    
Property and equipment, net $ 2,677,156 $ 2,817,356
Right-of-use assets 96,376 96,673
Restricted cash 24,120 23,050
Due from hotel managers 72,172 69,495
Prepaid and other assets 24,400 28,403
Cash and cash equivalents 99,827 111,796
Total assets 2,994,051 3,146,773
Liabilities:    
Mortgage and other debt, net of unamortized debt issuance costs 591,544 595,149
Unsecured term loans, net of unamortized debt issuance costs 398,126 398,550
Senior unsecured credit facility 100,000 55,000
Total debt 1,089,670 1,048,699
Lease liabilities 105,583 104,973
Deferred rent 57,492 56,344
Due to hotel managers 81,821 95,548
Unfavorable contract liabilities, net 64,381 64,796
Accounts payable and accrued expenses 39,052 46,542
Deferred income related to key money, net 10,847 10,946
Total liabilities 1,448,846 1,427,848
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 shares issued and outstanding at March 31, 2021 and December 31, 2020 48 48
Common stock, $0.01 par value; 400,000,000 shares authorized; 210,243,765 and 210,073,514 shares issued and outstanding at March 31, 2021 and December 31, 2020, respectively 2,103 2,101
Additional paid-in capital 2,285,509 2,285,491
Accumulated deficit (749,832) (576,531)
Total stockholders’ equity 1,537,828 1,711,109
Noncontrolling interests 7,377 7,816
Total equity 1,545,205 1,718,925
Total liabilities and equity $ 2,994,051 $ 3,146,773