XML 69 R52.htm IDEA: XBRL DOCUMENT v3.8.0.1
Investment in Hotel Properties, net - Acquisitions (Details) - USD ($)
$ / shares in Units, shares in Thousands, $ in Thousands
3 Months Ended 12 Months Ended
May 11, 2017
Mar. 31, 2017
Jun. 30, 2017
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
Sep. 30, 2017
Business Acquisition [Line Items]              
Transaction costs       $ 6,678 $ 457 $ 538  
Preliminary estimated fair value of acquisition              
Impairment charges       1,068 0 $ 0  
Anticipated insurance recoveries       3,800      
Insurance receivable       8,825 0    
Insurance deductible       4,900      
Proceeds for business interruption losses       11,100      
Reimbursement of incurred expense       3,300      
Deductible       1,100      
Reduction to insurance receivable       3,700      
Other Hotel Revenue [Member]              
Preliminary estimated fair value of acquisition              
Proceeds for business interruption losses       4,100      
Park Hyatt Beaver Creek and Hotel Yountville [Member]              
Business Acquisition [Line Items]              
Transaction costs       5,300      
Preliminary estimated fair value of acquisition              
Total revenue       437,149 462,416    
Net income (loss)       38,535 30,437    
Net income (loss) attributable to common stockholders       $ 25,132 $ 20,823    
Pro Forma income per share: Basic (in dollars per share)       $ 0.81 $ 0.77    
Pro Forma income per share: Diluted (in dollars per share)       $ 0.81 $ 0.74    
Weighted average common shares outstanding (in thousands): Basic (in shares)       30,473 26,648    
Weighted average common shares outstanding (in thousands): Diluted (in shares)       34,706 31,195    
Park Hyatt Beaver Creek [Member]              
Business Acquisition [Line Items]              
Voting interests acquired   100.00%          
Consideration transferred   $ 145,500          
Liabilities incurred   67,500          
Preliminary estimated fair value of acquisition              
Land   92,470 $ 89,117        
Land adjustments     (3,353)        
Buildings and improvements   47,724 51,269        
Buildings and improvement adjustments     3,545        
Furniture, fixtures, and equipment   5,306 5,114        
Furniture, fixtures, and equipment adjustments     (192)        
Land, buildings and improvements, furniture, fixtures and equipment   145,500 145,500        
Land, buildings and improvements, furniture, fixtures and equipment, adjustments     0        
Net other assets (liabilities)   $ 4,528 3,807        
Net other assets (liabilities), adjustments     $ (721)        
Revenue included in statement of operations       $ 22,000      
Net income (loss) included in statement of operations       (2,500)      
Hotel Yountville [Member]              
Business Acquisition [Line Items]              
Voting interests acquired 100.00%            
Consideration transferred $ 96,500            
Liabilities incurred $ 51,000            
Preliminary estimated fair value of acquisition              
Land             $ 47,849
Buildings and improvements             41,216
Furniture, fixtures, and equipment             7,351
Land, buildings and improvements, furniture, fixtures and equipment             96,416
Inventories             84
Assets acquired, liabilities assumed, net             96,500
Net other assets (liabilities)             $ 2,100
Revenue included in statement of operations       9,600      
Net income (loss) included in statement of operations       $ 803