XML 12 R2.htm IDEA: XBRL DOCUMENT v3.19.2
Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2019
Dec. 31, 2018
Assets:    
Investment in hotel properties, net $ 1,347,891 $ 1,373,773
Cash and cash equivalents 8,847 7,192
Restricted cash 18,065 25,145
Investment in unconsolidated real estate entities 20,915 21,545
Right of use asset, net 21,576 0
Hotel receivables (net of allowance for doubtful accounts of $296 and $264, respectively) 7,475 4,495
Deferred costs, net 4,672 5,070
Prepaid expenses and other assets 4,482 2,431
Deferred tax asset, net 58 58
Total assets 1,444,757 1,439,709
Liabilities and Equity:    
Mortgage debt, net 499,403 501,782
Revolving credit facility 79,000 81,500
Accounts payable and accrued expenses 29,843 33,692
Distributions and losses in excess of investments of unconsolidated real estate entities 10,097 9,650
Lease liability, net 23,922 0
Distributions payable 5,895 5,667
Total liabilities 648,160 632,291
Commitments and contingencies (Note 14)
Shareholders’ Equity:    
Preferred shares, $0.01 par value, 100,000,000 shares authorized and unissued at June 30, 2019 and December 31, 2018 0 0
Common shares, $0.01 par value, 500,000,000 shares authorized; 46,918,383 and 46,525,652 shares issued and outstanding at June 30, 2019 and December 31, 2018, respectively 469 465
Additional paid-in capital 904,069 896,286
Retained earnings (distributions in excess of retained earnings) (119,049) (99,285)
Total shareholders’ equity 785,489 797,466
Noncontrolling Interests:    
Noncontrolling interest in Operating Partnership 11,108 9,952
Total equity 796,597 807,418
Total liabilities and equity $ 1,444,757 $ 1,439,709