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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 30, 2024
Dec. 31, 2023
ASSETS    
Property and equipment, net $ 2,727,299 $ 2,755,195
Right-of-use assets 96,512 97,692
Restricted cash 44,493 45,576
Due from hotel managers 167,959 144,689
Prepaid and other assets 69,773 73,940
Cash and cash equivalents 75,287 121,595
Total assets 3,181,323 3,238,687
Liabilities:    
Debt, net of unamortized debt issuance costs 1,097,215 1,177,005
Lease liabilities 114,387 112,866
Due to hotel managers 126,011 116,522
Deferred rent 72,576 69,209
Unfavorable contract liabilities, net 58,622 59,866
Accounts payable and accrued expenses 39,944 39,563
Distributions declared and unpaid 6,664 6,324
Deferred income related to key money, net 8,026 8,349
Total liabilities 1,523,445 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 September 30, 2024 and December 31, 2023 48 48
Common stock, $0.01 par value; 400,000,000 shares authorized; 207,276,487 and 209,627,197 shares issued and outstanding at September 30, 2024 and December 31, 2023, respectively 2,073 2,096
Additional paid-in capital 2,269,938 2,291,297
Accumulated other comprehensive loss (5,997) (2,036)
Distributions in excess of earnings (616,934) (649,330)
Total stockholders’ equity 1,649,128 1,642,075
Noncontrolling interests 8,750 6,908
Total equity 1,657,878 1,648,983
Total liabilities and equity $ 3,181,323 $ 3,238,687