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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2024
Dec. 31, 2023
ASSETS    
Property and equipment, net $ 2,750,573 $ 2,755,195
Right-of-use assets 97,151 97,692
Restricted cash 45,180 45,576
Due from hotel managers 155,744 144,689
Prepaid and other assets 70,085 73,940
Cash and cash equivalents 120,064 121,595
Total assets 3,238,797 3,238,687
Liabilities:    
Debt, net of unamortized debt issuance costs 1,174,733 1,177,005
Lease liabilities 113,201 112,866
Due to hotel managers 119,178 116,522
Deferred rent 70,638 69,209
Unfavorable contract liabilities, net 59,452 59,866
Accounts payable and accrued expenses 37,926 39,563
Distributions declared and unpaid 6,186 6,324
Deferred income related to key money, net 8,241 8,349
Total liabilities 1,589,555 1,589,704
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 March 31, 2024 and December 31, 2023 48 48
Common stock, $0.01 par value; 400,000,000 shares authorized; 210,064,433 and 209,627,197 shares issued and outstanding at March 31, 2024 and December 31, 2023, respectively 2,100 2,096
Additional paid-in capital 2,290,288 2,291,297
Accumulated other comprehensive loss (781) (2,036)
Distributions in excess of earnings (649,757) (649,330)
Total stockholders’ equity 1,641,898 1,642,075
Noncontrolling interests 7,344 6,908
Total equity 1,649,242 1,648,983
Total liabilities and equity $ 3,238,797 $ 3,238,687