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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 30, 2022
Dec. 31, 2021
ASSETS    
Property and equipment, net $ 2,674,380 $ 2,651,444
Right-of-use assets 99,332 100,212
Restricted cash 45,989 36,887
Due from hotel managers 182,845 120,671
Prepaid and other assets 69,792 17,472
Cash and cash equivalents 313,871 38,620
Total assets 3,386,209 2,965,306
Liabilities:    
Mortgage and other debt, net of unamortized debt issuance costs 567,369 578,651
Unsecured term loans, net of unamortized debt issuance costs 799,071 398,572
Senior unsecured credit facility 0 90,000
Total debt 1,366,440 1,067,223
Lease liabilities 110,287 108,605
Deferred rent 64,132 60,800
Due to hotel managers 123,837 85,493
Unfavorable contract liabilities, net 61,484 62,780
Accounts payable and accrued expenses 41,190 51,238
Unpaid dividends and distributions declared 6,489 0
Deferred income related to key money, net 8,888 8,203
Total liabilities 1,782,747 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 September 30, 2022 and December 31, 2021 48 48
Common stock, $0.01 par value; 400,000,000 shares authorized; 210,944,517 and 210,746,895 shares issued and outstanding at September 30, 2022 and December 31, 2021, respectively 2,109 2,107
Additional paid-in capital 2,298,866 2,293,990
Distributions in excess of earnings (703,747) (780,931)
Total stockholders’ equity 1,597,276 1,515,214
Noncontrolling interests 6,186 5,750
Total equity 1,603,462 1,520,964
Total liabilities and equity $ 3,386,209 $ 2,965,306