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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2022
Dec. 31, 2021
ASSETS    
Property and equipment, net $ 2,689,059 $ 2,651,444
Right-of-use assets 99,617 100,212
Restricted cash 42,354 36,887
Due from hotel managers 174,407 120,671
Prepaid and other assets 67,656 17,472
Cash and cash equivalents 71,713 38,620
Total assets 3,144,806 2,965,306
Liabilities:    
Mortgage and other debt, net of unamortized debt issuance costs 571,192 578,651
Unsecured term loans, net of unamortized debt issuance costs 398,822 398,572
Senior unsecured credit facility 200,000 90,000
Total debt 1,170,014 1,067,223
Lease liabilities 109,708 108,605
Deferred rent 63,064 60,800
Due to hotel managers 106,048 85,493
Unfavorable contract liabilities, net 61,898 62,780
Accounts payable and accrued expenses 43,162 51,238
Deferred income related to key money, net 8,996 8,203
Total liabilities 1,562,890 1,444,342
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; 210,923,015 and 210,746,895 shares issued and outstanding at June 30, 2022 and December 31, 2021, respectively 2,109 2,107
Additional paid-in capital 2,296,864 2,293,990
Distributions in excess of earnings (723,294) (780,931)
Total stockholders’ equity 1,575,727 1,515,214
Noncontrolling interests 6,189 5,750
Total equity 1,581,916 1,520,964
Total liabilities and equity $ 3,144,806 $ 2,965,306