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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2023
Dec. 31, 2022
ASSETS    
Property and equipment, net $ 2,755,195 $ 2,748,476
Right-of-use assets 97,692 99,047
Restricted cash 45,576 39,614
Due from hotel managers 144,689 176,708
Prepaid and other assets 73,940 76,131
Cash and cash equivalents 121,595 67,564
Total assets 3,238,687 3,207,540
Liabilities:    
Debt, net of unamortized debt issuance costs 1,177,005 1,185,793
Lease liabilities 112,866 110,875
Due to hotel managers 116,522 123,682
Deferred rent 69,209 65,097
Unfavorable contract liabilities, net 59,866 61,069
Accounts payable and accrued expenses 39,563 43,120
Distributions declared and unpaid 6,324 12,946
Deferred income related to key money, net 8,349 8,780
Total liabilities 1,589,704 1,611,362
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, 2023 and 2022 48 48
Common stock, $0.01 par value; 400,000,000 shares authorized; 209,627,197 and 209,374,830 shares issued and outstanding at December 31, 2023 and 2022, respectively 2,096 2,094
Additional paid-in capital 2,291,297 2,288,433
Accumulated other comprehensive loss (2,036) 0
Distributions in excess of earnings (649,330) (700,694)
Total stockholders' equity 1,642,075 1,589,881
Noncontrolling interests 6,908 6,297
Total equity 1,648,983 1,596,178
Total liabilities and equity $ 3,238,687 $ 3,207,540