XML 63 R51.htm IDEA: XBRL DOCUMENT v3.8.0.1
Equity and Stock-Based Compensation (Details)
 3 Months Ended 9 Months Ended 35 Months Ended
Mar. 07, 2017
USD ($)
Mar. 01, 2017
USD ($)
$ / shares
shares
Sep. 30, 2017
USD ($)
hotel
shares
Sep. 30, 2016
USD ($)
shares
Sep. 30, 2017
USD ($)
hotel
shares
Sep. 30, 2016
USD ($)
shares
Sep. 30, 2017
USD ($)
hotel
shares
Dec. 31, 2016
USD ($)
hotel
Apr. 08, 2016
USD ($)
Oct. 27, 2014
USD ($)
Class of Stock [Line Items]                    
Issuance of common stock         $ 66,442,000 $ 0        
Issuance of common stock         66,442,000          
Dividends declared - common stock         15,545,000          
Equity-based compensation         (600,000)          
Value of stock repurchased during period         $ 195,000          
Noncontrolling interest in a consolidated entity     25.00%   25.00%   25.00% 25.00%    
Number of hotel properties with JV interests | hotel     2   2   2 2    
Noncontrolling interest in consolidated entity     $ (5,282,000)   $ (5,282,000)   $ (5,282,000) $ (5,363,000)    
(Income) loss from consolidated entities attributable to noncontrolling interests     $ (1,143,000) $ (2,504,000) $ (2,736,000) $ (2,569,000)        
Stock Repurchase Program                    
Class of Stock [Line Items]                    
Share repurchase program authorized amount                 $ 50,000,000 $ 100,000,000
Shares of stock repurchased during period (in shares) | shares     0 630,000 0 2,900,000 4,300,000      
Value of stock repurchased during period       $ 9,000,000   $ 39,000,000 $ 63,200,000      
Additional Paid-in Capital                    
Class of Stock [Line Items]                    
Issuance of common stock         $ 66,385,000          
Equity-based compensation         (600,000)          
Value of stock repurchased during period         $ 195,000          
Performance Shares                    
Class of Stock [Line Items]                    
Award service period         3 years          
Other than options intrinsic value     $ 1,200,000   $ 1,200,000   1,200,000      
Compensation not yet recognized     883,000   $ 883,000   883,000      
Period for recognition         2 years 3 months 18 days          
Performance Shares | Advisory Services Fee                    
Class of Stock [Line Items]                    
Equity-based compensation expense     669,000   $ 1,500,000          
Performance Shares | Additional Paid-in Capital | Advisory Services Fee                    
Class of Stock [Line Items]                    
Equity-based compensation       291,000   703,000        
Restricted Stock                    
Class of Stock [Line Items]                    
Other than options intrinsic value     4,500,000   4,500,000   4,500,000      
Compensation not yet recognized     3,500,000   $ 3,500,000   $ 3,500,000      
Period for recognition         4 years 1 month 6 days          
Restricted Stock | Advisory Services Fee                    
Class of Stock [Line Items]                    
Equity-based compensation expense     245,000 129,000 $ 634,000 374,000        
Restricted Stock | Management Fees                    
Class of Stock [Line Items]                    
Equity-based compensation expense     27,000 26,000 61,000 50,000        
Restricted Stock | Corporate General and Administrative Expense                    
Class of Stock [Line Items]                    
Equity-based compensation expense     0 50,000 $ 181,000 227,000        
Minimum | Performance Shares                    
Class of Stock [Line Items]                    
Award performance target         0.00%          
Maximum | Performance Shares                    
Class of Stock [Line Items]                    
Award performance target         200.00%          
Common Stock                    
Class of Stock [Line Items]                    
Issuance of common stock (in shares) | shares   5,800,000                
Issuance of preferred stock (in dollars per share) | $ / shares   $ 12.15                
Issuance of common stock   $ 69,900,000                
Issuance of common stock $ 66,400,000                  
Dividends declared - common stock     $ 5,200,000 $ 3,100,000 $ 15,500,000 $ 9,100,000