XML 12 R2.htm IDEA: XBRL DOCUMENT v3.7.0.1
Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2017
Dec. 31, 2016
Assets:    
Investment in hotel properties, net $ 1,215,677 $ 1,233,094
Cash and cash equivalents 12,794 12,118
Restricted cash 25,025 25,083
Investment in unconsolidated real estate entities 25,345 20,424
Hotel receivables (net of allowance for doubtful accounts of $234 and $155, respectively) 7,277 4,389
Deferred costs, net 4,263 4,642
Prepaid expenses and other assets 5,103 2,778
Deferred tax asset, net 0 426
Total assets 1,295,484 1,302,954
Liabilities and Equity:    
Mortgage debt, net 528,077 530,323
Revolving credit facility 45,000 52,500
Accounts payable and accrued expenses 27,823 27,782
Distributions and losses in excess of investments of unconsolidated real estate entities 5,780 6,017
Distributions payable 5,035 4,742
Total liabilities 611,715 621,364
Commitments and contingencies (Note 12)
Shareholders’ Equity:    
Preferred shares, $0.01 par value, 100,000,000 shares authorized and unissued at June 30, 2017 and December 31, 2016 0 0
Common shares, $0.01 par value, 500,000,000 shares authorized; 39,225,717 and 38,367,014 shares issued and outstanding at June 30, 2017 and December 31, 2016, respectively 388 380
Additional paid-in capital 739,476 722,019
Retained earnings (distributions in excess of retained earnings) (61,474) (45,657)
Total shareholders’ equity 678,390 676,742
Noncontrolling Interests:    
Noncontrolling interest in Operating Partnership 5,379 4,848
Total equity 683,769 681,590
Total liabilities and equity $ 1,295,484 $ 1,302,954