XML 96 R78.htm IDEA: XBRL DOCUMENT v3.22.0.1
Equity (Narrative) (Details)
12 Months Ended
Jul. 12, 2021
USD ($)
May 25, 2021
USD ($)
Apr. 21, 2021
shares
Feb. 04, 2021
USD ($)
day
shares
Dec. 31, 2021
USD ($)
hotel
$ / shares
shares
Dec. 31, 2020
USD ($)
hotel
$ / shares
shares
Dec. 31, 2019
shares
Dec. 11, 2017
USD ($)
Dec. 05, 2017
USD ($)
$ / shares
Oct. 27, 2014
USD ($)
Class of Stock [Line Items]                    
Common stock, par value (in dollars per share) | $ / shares         $ 0.01 $ 0.01        
Number of hotel properties with JV interests | hotel         2 2        
Noncontrolling interest in consolidated entities | $         $ (16,549,000) $ (15,088,000)        
Hotel Properties                    
Class of Stock [Line Items]                    
Noncontrolling interest. ownership percentage         25.00% 25.00%        
Co-venturer                    
Class of Stock [Line Items]                    
Noncontrolling interest in consolidated entities | $         $ (16,500,000) $ (15,100,000)        
Private Placement | YA                    
Class of Stock [Line Items]                    
Shares sold (in shares) | shares         1,700,000          
Proceeds received | $         $ 10,000,000          
Shares authorized (in shares) | shares       7,780,786            
Anniversary of agreement (in months)       36 months            
Percentage of the Market Price       95.00%            
Ownership threshold (as a percent)       4.99%            
Consecutive trading days after advance notice | day       5            
Maximum advance shares (in shares) | shares       1,200,000            
Price per share percentage of average daily VWAP       100.00%            
Consecutive trading days prior to advance notice | day       5            
Structuring fee | $       $ 10,000            
Private Placement | Lincoln Park                    
Class of Stock [Line Items]                    
Shares sold (in shares) | shares     15,000   781,000          
Proceeds received | $         $ 4,217,000          
Shares authorized (in shares) | shares     8,893,565              
May 2021 Equity Distribution Agreement                    
Class of Stock [Line Items]                    
Shares sold (in shares) | shares         8,339,000          
Proceeds received | $         $ 49,500,000          
May 2021 Equity Distribution Agreement | Virtu                    
Class of Stock [Line Items]                    
Maximum offering price | $   $ 50,000,000                
Percentage of the gross sales price   0.01%                
July 2021 Equity Distribution Agreements                    
Class of Stock [Line Items]                    
Shares sold (in shares) | shares         4,712,000          
Proceeds received | $         $ 23,780,000          
July 2021 Equity Distribution Agreements | Virtu                    
Class of Stock [Line Items]                    
Maximum offering price | $ $ 100,000,000                  
Percentage of the gross sales price 1.00%                  
Common Stock                    
Class of Stock [Line Items]                    
Shares of stock repurchased during period (in shares) | shares         50,000 47,000 45,000      
Common Stock | At-The-Market Equity Distribution                    
Class of Stock [Line Items]                    
Maximum offering price | $               $ 50,000,000    
Shares sold (in shares) | shares         7,400,000          
Proceeds received | $         $ 30,500,000          
Stock Repurchase Program                    
Class of Stock [Line Items]                    
Share repurchase program authorized amount | $         $ 50,000,000       $ 50,000,000 $ 100,000,000
Common stock, par value (in dollars per share) | $ / shares                 $ 0.01  
Shares of stock repurchased during period (in shares) | shares         0 0 0      
Stock Repurchase Program | Common Stock                    
Class of Stock [Line Items]                    
Shares of stock repurchased during period (in shares) | shares         50,000 47,000 45,000      
Series D Preferred Stock                    
Class of Stock [Line Items]                    
Preferred stock dividend rate (in dollars per share)         8.25% 8.25% 8.25%      
Preferred stock, shares issued (in shares) | shares         1,600,000 1,600,000        
Redemption price (in dollars per share) | $ / shares         $ 25.00          
Temporary equity conversion rate         5.12295          
Annual preferred stock dividend (in dollars per share) | $ / shares         $ 2.0625