XML 12 R2.htm IDEA: XBRL DOCUMENT v3.21.2
Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2021
Dec. 31, 2020
Assets    
Investment in hotel properties, net $ 4,258,703 $ 4,486,416
Investments in and Advance to Affiliates, Subsidiaries, Associates, and Joint Ventures 6,659 6,798
Cash and cash equivalents 624,551 899,813
Restricted cash reserves 35,763 34,977
Hotel and other receivables, net of allowance of $176 and $292, respectively 28,833 13,346
Operating Lease, Right-of-Use Asset 138,972 142,989
Prepaid expense and other assets 30,763 32,833
Total assets 5,124,244 5,617,172
Liabilities and Equity    
Debt, net 2,381,274 2,587,731
Accounts payable and other liabilities 154,266 172,325
Contract with Customer, Liability 20,472 32,177
Operating Lease, Liability 120,635 122,593
Accrued interest 9,061 6,206
Distributions payable 8,372 8,752
Total liabilities 2,694,080 2,929,784
Commitments and Contingencies (Note 12)
Shareholders’ equity:    
Series A Cumulative Convertible Preferred Shares, $0.01 par value, 12,950,000 shares authorized; 12,879,475 shares issued and outstanding, liquidation value of $328,266, at September 30, 2021 and December 31, 2020 366,936 366,936
Common shares of beneficial interest, $0.01 par value, 450,000,000 shares authorized; 166,579,782 and 165,002,752 shares issued and outstanding at September 30, 2021 and December 31, 2020, respectively 1,666 1,650
Additional paid-in capital 3,088,323 3,077,142
Accumulated other comprehensive loss (31,702) (69,050)
Retained Earnings (1,011,081) (710,161)
Total shareholders’ equity 2,414,142 2,666,517
Noncontrolling interests:    
Noncontrolling interest in consolidated joint ventures 9,567 13,002
Noncontrolling interest in the Operating Partnership 6,455 7,869
Total noncontrolling interests 16,022 20,871
Total equity 2,430,164 2,687,388
Total liabilities and equity $ 5,124,244 $ 5,617,172