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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2021
Dec. 31, 2020
ASSETS    
Property and equipment, net $ 2,651,444 $ 2,817,356
Right-of-use assets 100,212 96,673
Restricted cash 36,887 23,050
Due from hotel managers 120,671 69,495
Prepaid and other assets 17,472 28,403
Cash and cash equivalents 38,620 111,796
Total assets 2,965,306 3,146,773
Liabilities:    
Mortgage and other debt, net of unamortized debt issuance costs 578,651 595,149
Unsecured term loans, net of unamortized debt issuance costs 398,572 398,550
Senior unsecured credit facility 90,000 55,000
Total debt 1,067,223 1,048,699
Deferred income related to key money, net 8,203 10,946
Unfavorable contract liabilities, net 62,780 64,796
Deferred rent 60,800 56,344
Lease liabilities 108,605 104,973
Due to hotel managers 85,493 95,548
Accounts payable and accrued expenses 51,238 46,542
Total liabilities 1,444,342 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 December 31, 2021 and 2020 48 48
Common stock, $0.01 par value; 400,000,000 shares authorized; 210,746,895 and 210,073,514 shares issued and outstanding at December 31, 2021 and 2020, respectively 2,107 2,101
Additional paid-in capital 2,293,990 2,285,491
Deficit (780,931) (576,531)
Total stockholders' equity 1,515,214 1,711,109
Noncontrolling interests 5,750 7,816
Total equity 1,520,964 1,718,925
Total liabilities and equity $ 2,965,306 $ 3,146,773