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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2024
Dec. 31, 2023
ASSETS    
Property and equipment, net $ 2,734,626 $ 2,755,195
Right-of-use assets 96,823 97,692
Restricted cash 45,205 45,576
Due from hotel managers 171,793 144,689
Prepaid and other assets 74,986 73,940
Cash and cash equivalents 125,219 121,595
Total assets 3,248,652 3,238,687
Liabilities:    
Debt, net of unamortized debt issuance costs 1,172,479 1,177,005
Lease liabilities 113,779 112,866
Due to hotel managers 131,683 116,522
Deferred rent 71,554 69,209
Unfavorable contract liabilities, net 59,037 59,866
Accounts payable and accrued expenses 36,887 39,563
Distributions declared and unpaid 6,067 6,324
Deferred income related to key money, net 8,134 8,349
Total liabilities 1,599,620 1,589,704
Equity:    
8.250% Series A Cumulative Redeemable Preferred Stock (liquidation preference $25.00 per share), 4,760,000 shares issued and outstanding at June 30, 2024 and December 31, 2023 48 48
Common stock, $0.01 par value; 400,000,000 shares authorized; 207,918,179 and 209,627,197 shares issued and outstanding at June 30, 2024 and December 31, 2023, respectively 2,079 2,096
Additional paid-in capital 2,274,223 2,291,297
Accumulated other comprehensive loss (2,077) (2,036)
Distributions in excess of earnings (633,919) (649,330)
Total stockholders’ equity 1,640,354 1,642,075
Noncontrolling interests 8,678 6,908
Total equity 1,649,032 1,648,983
Total liabilities and equity $ 3,248,652 $ 3,238,687