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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 30, 2021
Dec. 31, 2020
ASSETS    
Property and equipment, net $ 2,544,486 $ 2,817,356
Right-of-use assets 100,499 96,673
Restricted cash 31,333 23,050
Due from hotel managers 109,500 69,495
Prepaid and other assets 19,335 28,403
Cash and cash equivalents 66,499 111,796
Total assets 2,871,652 3,146,773
Liabilities:    
Mortgage and other debt, net of unamortized debt issuance costs 584,365 595,149
Unsecured term loans, net of unamortized debt issuance costs 398,423 398,550
Senior unsecured credit facility 0 55,000
Total debt 982,788 1,048,699
Lease liabilities 107,939 104,973
Deferred rent 58,770 56,344
Due to hotel managers 84,464 95,548
Unfavorable contract liabilities, net 63,340 64,796
Accounts payable and accrued expenses 42,324 46,542
Deferred income related to key money, net 7,753 10,946
Total liabilities 1,347,378 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 June 30, 2021 and December 31, 2020 48 48
Common stock, $0.01 par value; 400,000,000 shares authorized; 210,619,840 and 210,073,514 shares issued and outstanding at September 30, 2021 and December 31, 2020, respectively 2,106 2,101
Additional paid-in capital 2,292,180 2,285,491
Accumulated deficit (775,537) (576,531)
Total stockholders’ equity 1,518,797 1,711,109
Noncontrolling interests 5,477 7,816
Total equity 1,524,274 1,718,925
Total liabilities and equity $ 2,871,652 $ 3,146,773