10-Q Filing

SUNSTONE HOTEL INVESTORS, INC. CIK: 1295810 Q1 2012

Filing Information

Form Type	10-Q
Accession Number	`0001104659-12-032577`
Period End Date	20120331
Filing Date	20120503
Fiscal Year	2012
Fiscal Period	Q1
XBRL Instance	sho-20120331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 92 Income Statement 76 Cash Flow Statement 78 Stockholders Equity 12

Balance Sheet 92 line items

Line Item	Tag	Value	Unit	Period
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$276.03M	USD	Point-in-time
Preferred stock, Series C Cumulative Convertible Redeemable Preferred Stock, par value (in dollars per share)	`TemporaryEquityParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$126.20M	USD	Point-in-time
Preferred stock, Series C Cumulative Convertible Redeemable Preferred Stock, par value (in dollars per share)	`TemporaryEquityParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$150.53M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$153.09M	USD	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalentsAtCarryingValue`	$67.90M	USD	Point-in-time
Preferred stock, Series C Cumulative Convertible Redeemable Preferred Stock, shares authorized	`TemporaryEquitySharesAuthorized`	4.10M	shares	Point-in-time
Preferred stock, Series C Cumulative Convertible Redeemable Preferred Stock, shares authorized	`TemporaryEquitySharesAuthorized`	4.10M	shares	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalentsAtCarryingValue`	$71.99M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$32.54M	USD	Point-in-time
Preferred stock, Series C Cumulative Convertible Redeemable Preferred Stock, shares issued	`TemporaryEquitySharesIssued`	4.10M	shares	Point-in-time
Preferred stock, Series C Cumulative Convertible Redeemable Preferred Stock, shares issued	`TemporaryEquitySharesIssued`	4.10M	shares	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$35.27M	USD	Point-in-time
Preferred stock, Series C Cumulative Convertible Redeemable Preferred Stock, shares issued	`TemporaryEquitySharesIssued`	4.10M	shares	Point-in-time
Inventories	`InventoryNet`	$2.64M	USD	Point-in-time
Inventories	`InventoryNet`	$2.61M	USD	Point-in-time
Preferred stock, Series C Cumulative Convertible Redeemable Preferred Stock, shares outstanding	`TemporaryEquitySharesOutstanding`	4.10M	shares	Point-in-time
Preferred stock, Series C Cumulative Convertible Redeemable Preferred Stock, shares outstanding	`TemporaryEquitySharesOutstanding`	4.10M	shares	Point-in-time
Preferred stock, Series C Cumulative Convertible Redeemable Preferred Stock, liquidation preference (in dollars per share)	`TemporaryEquityLiquidationPreferencePerShare`	$24.38	USD	Point-in-time
Preferred stock, Series C Cumulative Convertible Redeemable Preferred Stock, liquidation preference (in dollars per share)	`TemporaryEquityLiquidationPreferencePerShare`	$24.38	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$10.34M	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$10.27M	USD	Point-in-time
Preferred stock, Series C Cumulative Convertible Redeemable Preferred Stock, liquidation preference (in dollars per share)	`TemporaryEquityLiquidationPreferencePerShare`	$24.38	USD	Point-in-time
Preferred stock, 8.0% Cumulative Redeemable Preferred Stock, par value (in dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Preferred stock, 8.0% Cumulative Redeemable Preferred Stock, par value (in dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Total current assets	`AssetsCurrent`	$263.85M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$246.44M	USD	Point-in-time
Preferred stock, 8.0% Cumulative Redeemable Preferred Stock, shares authorized	`PreferredStockSharesAuthorized`	100.00M	shares	Point-in-time
Investment in hotel properties, net	`RealEstateInvestmentPropertyNet`	$2.76B	USD	Point-in-time
Investment in hotel properties, net	`RealEstateInvestmentPropertyNet`	$2.78B	USD	Point-in-time
Preferred stock, 8.0% Cumulative Redeemable Preferred Stock, shares authorized	`PreferredStockSharesAuthorized`	100.00M	shares	Point-in-time
Other real estate, net	`RealEstateInvestmentsOther`	$11.86M	USD	Point-in-time
Other real estate, net	`RealEstateInvestmentsOther`	$11.72M	USD	Point-in-time
Deferred financing fees, net	`DeferredFinanceCostsNoncurrentNet`	$14.65M	USD	Point-in-time
Deferred financing fees, net	`DeferredFinanceCostsNoncurrentNet`	$13.64M	USD	Point-in-time
Goodwill	`Goodwill`	$13.09M	USD	Point-in-time
Goodwill	`Goodwill`	$13.09M	USD	Point-in-time
Other assets, net	`OtherAssetsNoncurrent`	$18.84M	USD	Point-in-time
Other assets, net	`OtherAssetsNoncurrent`	$19.96M	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Total assets	`Assets`	$3.06B	USD	Point-in-time
Total assets	`Assets`	$3.10B	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	500.00M	shares	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	500.00M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	117.57M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	117.27M	shares	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$22.37M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	117.27M	shares	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$26.85M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	117.57M	shares	Point-in-time
Accrued payroll and employee benefits	`EmployeeRelatedLiabilitiesCurrent`	$20.86M	USD	Point-in-time
Accrued payroll and employee benefits	`EmployeeRelatedLiabilitiesCurrent`	$16.42M	USD	Point-in-time
Due to Third-Party Managers	`DueToThirdPartyManagers`	$8.44M	USD	Point-in-time
Due to Third-Party Managers	`DueToThirdPartyManagers`	$9.23M	USD	Point-in-time
Dividends payable	`DividendsPayableCurrent`	$7.44M	USD	Point-in-time
Dividends payable	`DividendsPayableCurrent`	$7.44M	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$31.16M	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$28.46M	USD	Point-in-time
Current portion of notes payable	`NotesPayableCurrent`	$111.35M	USD	Point-in-time
Current portion of notes payable	`NotesPayableCurrent`	$53.94M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$197.18M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$146.78M	USD	Point-in-time
Notes payable, less current portion	`LongTermNotesPayable`	$1.45B	USD	Point-in-time
Notes payable, less current portion	`LongTermNotesPayable`	$1.52B	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$12.62M	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$13.28M	USD	Point-in-time
Total liabilities	`Liabilities`	$1.68B	USD	Point-in-time
Total liabilities	`Liabilities`	$1.66B	USD	Point-in-time
Commitments and contingencies (Note 14)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies (Note 14)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Preferred stock, Series C Cumulative Convertible Redeemable Preferred Stock, $0.01 par value, 4,102,564 shares authorized, issued and outstanding at March 31, 2012 and December 31, 2011, liquidation preference of $24.375 per share	`TemporaryEquityCarryingAmount`	$100.00M	USD	Point-in-time
Preferred stock, Series C Cumulative Convertible Redeemable Preferred Stock, $0.01 par value, 4,102,564 shares authorized, issued and outstanding at March 31, 2012 and December 31, 2011, liquidation preference of $24.375 per share	`TemporaryEquityCarryingAmount`	$100.00M	USD	Point-in-time
Common stock, $0.01 par value, 500,000,000 shares authorized, 117,571,234 shares issued and outstanding at March 31, 2012 and 117,265,090 shares issued and outstanding at December 31, 2011	`CommonStockValue`	$1.18M	USD	Point-in-time
Common stock, $0.01 par value, 500,000,000 shares authorized, 117,571,234 shares issued and outstanding at March 31, 2012 and 117,265,090 shares issued and outstanding at December 31, 2011	`CommonStockValue`	$1.17M	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapital`	$1.31B	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapital`	$1.31B	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$110.58M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$97.05M	USD	Point-in-time
Cumulative dividends	`CumulativeDividends`	$-445.40M	USD	Point-in-time
Cumulative dividends	`CumulativeDividends`	$-452.83M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-4.92M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-4.92M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$1.25B	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$1.27B	USD	Point-in-time
Non-controlling interest in consolidated joint ventures	`MinorityInterest`	$59.72M	USD	Point-in-time
Non-controlling interest in consolidated joint ventures	`MinorityInterest`	$60.04M	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.33B	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.31B	USD	Point-in-time
Total liabilities and equity	`LiabilitiesAndStockholdersEquity`	$3.06B	USD	Point-in-time
Total liabilities and equity	`LiabilitiesAndStockholdersEquity`	$3.10B	USD	Point-in-time

Income Statement 76 line items

Line Item	Tag	Value	Unit	Period
Room	`OccupancyRevenue`	$106.48M	USD	1 Quarter
Room	`OccupancyRevenue`	$136.54M	USD	1 Quarter
Food and beverage	`FoodAndBeverageRevenue`	$39.28M	USD	1 Quarter
Food and beverage	`FoodAndBeverageRevenue`	$51.84M	USD	1 Quarter
Other operating	`OtherHotelOperatingRevenue`	$13.29M	USD	1 Quarter
Other operating	`OtherHotelOperatingRevenue`	$16.85M	USD	1 Quarter
Total revenues	`RevenueFromLeasedAndOwnedHotels`	$159.06M	USD	1 Quarter
Total revenues	`RevenueFromLeasedAndOwnedHotels`	$205.22M	USD	1 Quarter
Room	`OccupancyCosts`	$29.05M	USD	1 Quarter
Room	`OccupancyCosts`	$37.45M	USD	1 Quarter
Food and beverage	`FoodAndBeverageCostOfSales`	$29.73M	USD	1 Quarter
Food and beverage	`FoodAndBeverageCostOfSales`	$36.85M	USD	1 Quarter
Other operating	`OtherDirectCostsOfHotels`	$6.89M	USD	1 Quarter
Other operating	`OtherDirectCostsOfHotels`	$5.96M	USD	1 Quarter
Advertising and promotion	`AdvertisingExpense`	$11.12M	USD	1 Quarter
Advertising and promotion	`AdvertisingExpense`	$8.62M	USD	1 Quarter
Repairs and maintenance	`CostOfPropertyRepairsAndMaintenance`	$8.61M	USD	1 Quarter
Repairs and maintenance	`CostOfPropertyRepairsAndMaintenance`	$7.27M	USD	1 Quarter
Utilities	`UtilitiesCosts`	$6.84M	USD	1 Quarter
Utilities	`UtilitiesCosts`	$7.29M	USD	1 Quarter
Franchise costs	`FranchiseFeesAndAssessments`	$6.73M	USD	1 Quarter
Franchise costs	`FranchiseFeesAndAssessments`	$5.25M	USD	1 Quarter
Property tax, ground lease and insurance	`PropertyTaxGroundLeaseAndInsurance`	$16.77M	USD	1 Quarter
Property tax, ground lease and insurance	`PropertyTaxGroundLeaseAndInsurance`	$13.99M	USD	1 Quarter
Property general and administrative	`GeneralAndAdministrativeExpense`	$25.25M	USD	1 Quarter
Property general and administrative	`GeneralAndAdministrativeExpense`	$20.02M	USD	1 Quarter
Corporate overhead	`CorporateOverhead`	$7.66M	USD	1 Quarter
Corporate overhead	`CorporateOverhead`	$5.30M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$26.22M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$34.76M	USD	1 Quarter
Total operating expenses	`CostsAndExpenses`	$160.62M	USD	1 Quarter
Total operating expenses	`CostsAndExpenses`	$197.00M	USD	1 Quarter
Operating income (loss)	`OperatingIncomeLoss`	$8.22M	USD	1 Quarter
Operating income (loss)	`OperatingIncomeLoss`	$-1.56M	USD	1 Quarter
Equity in earnings of unconsolidated joint ventures	`IncomeLossFromEquityMethodInvestments`	$21.00K	USD	1 Quarter
Interest and other income	`OtherNonoperatingIncomeExpense`	$63.00K	USD	1 Quarter
Interest and other income	`OtherNonoperatingIncomeExpense`	$109.00K	USD	1 Quarter
Interest expense	`InterestExpense`	$21.50M	USD	1 Quarter
Interest expense	`InterestExpense`	$17.78M	USD	1 Quarter
Loss on extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	$-200.00K	USD	Point-in-time
Loss on extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	$-191.00K	USD	1 Quarter
Gain on remeasurement of equity interests	`GainOnRemeasurementOfEquityInterests`	$69.23M	USD	1 Quarter
Income (loss) from continuing operations	`IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest`	$-13.41M	USD	1 Quarter
Income (loss) from continuing operations	`IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest`	$50.02M	USD	1 Quarter
Income from discontinued operations	`IncomeLossFromDiscontinuedOperationsNetOfTax`	$442.00K	USD	1 Quarter
Income from discontinued operations	`IncomeLossFromDiscontinuedOperationsNetOfTax`	$1.32M	USD	1 Quarter
NET INCOME (LOSS)	`ProfitLoss`	$-12.97M	USD	1 Quarter
NET INCOME (LOSS)	`ProfitLoss`	$51.34M	USD	1 Quarter
Income from consolidated joint venture attributable to non-controlling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$560.00K	USD	1 Quarter
Distributions to non-controlling interest	`DistributionsToNoncontrollingInterests`	$8.00K	USD	1 Quarter
Distributions to non-controlling interest	`DistributionsToNoncontrollingInterests`	$7.00K	USD	1 Quarter
Preferred stock dividends	`PreferredStockAndTemporaryEquityDividendsAndOtherAdjustments`	$7.44M	USD	1 Quarter
Preferred stock dividends	`PreferredStockAndTemporaryEquityDividendsAndOtherAdjustments`	$5.14M	USD	1 Quarter
Undistributed income allocated to unvested restricted stock compensation	`UndistributedEarningsAllocatedToParticipatingSecurities`	$302.00K	USD	1 Quarter
Undistributed income allocated to Series C preferred stock	`UndistributedIncomeAllocatedToPreferredStock`	$209.00K	USD	1 Quarter
INCOME AVAILABLE (LOSS ATTRIBUTABLE) TO COMMON STOCKHOLDERS	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-20.97M	USD	1 Quarter
INCOME AVAILABLE (LOSS ATTRIBUTABLE) TO COMMON STOCKHOLDERS	`NetIncomeLossAvailableToCommonStockholdersBasic`	$45.68M	USD	1 Quarter
COMPREHENSIVE INCOME (LOSS)	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$51.34M	USD	1 Quarter
COMPREHENSIVE INCOME (LOSS)	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$-12.97M	USD	1 Quarter
Income (loss) from continuing operations available (attributable) to common stockholders (in dollars per share)	`IncomeLossFromContinuingOperationsPerBasicShare`	$-0.18	USD	1 Quarter
Income (loss) from continuing operations available (attributable) to common stockholders (in dollars per share)	`IncomeLossFromContinuingOperationsPerBasicShare`	$0.38	USD	1 Quarter
Income from discontinued operations (in dollars per share)	`IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare`	-	USD	1 Quarter
Income from discontinued operations (in dollars per share)	`IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare`	$0.01	USD	1 Quarter
Basic income available (loss attributable) to common stockholders per common share (in dollars per share)	`EarningsPerShareBasic`	$-0.18	USD	1 Quarter
Basic income available (loss attributable) to common stockholders per common share (in dollars per share)	`EarningsPerShareBasic`	$0.39	USD	1 Quarter
Income (loss) from continuing operations available (attributable) to common stockholders (in dollars per share)	`IncomeLossFromContinuingOperationsPerDilutedShare`	$-0.18	USD	1 Quarter
Income (loss) from continuing operations available (attributable) to common stockholders (in dollars per share)	`IncomeLossFromContinuingOperationsPerDilutedShare`	$0.38	USD	1 Quarter
Income from discontinued operations (in dollars per share)	`IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare`	$0.01	USD	1 Quarter
Income from discontinued operations (in dollars per share)	`IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare`	-	USD	1 Quarter
Diluted income available (loss attributable) to common stockholders per common share (in dollars per share)	`EarningsPerShareDiluted`	$-0.18	USD	1 Quarter
Diluted income available (loss attributable) to common stockholders per common share (in dollars per share)	`EarningsPerShareDiluted`	$0.39	USD	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	117.43M	shares	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	117.07M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	117.07M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	117.43M	shares	1 Quarter
Dividends declared per common share (in dollars per share)	`CommonStockDividendsPerShareDeclared`	-	USD	1 Quarter

Cash Flow Statement 78 line items

Line Item	Tag	Value	Unit	Period
Net income (loss)	`ProfitLoss`	$-12.97M	USD	1 Quarter
Net income (loss)	`ProfitLoss`	$51.34M	USD	1 Quarter
Bad debt expense	`ProvisionForDoubtfulAccounts`	$3.00K	USD	1 Quarter
Bad debt expense	`ProvisionForDoubtfulAccounts`	$9.00K	USD	1 Quarter
Gain on sales of hotel property and other assets	`GainLossOnSaleOfOtherAssets`	$188.00K	USD	1 Quarter
Loss on extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	$-200.00K	USD	Point-in-time
Loss on extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	$-191.00K	USD	1 Quarter
Gain on remeasurement of equity interests	`GainOnRemeasurementOfEquityInterests`	$69.23M	USD	1 Quarter
Loss on derivatives, net	`DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet`	$-44.00K	USD	1 Quarter
Loss on derivatives, net	`DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet`	$-76.00K	USD	1 Quarter
Depreciation	`Depreciation`	$27.24M	USD	1 Quarter
Depreciation	`Depreciation`	$31.28M	USD	1 Quarter
Amortization of franchise fees and other intangibles	`AmortizationOfIntangibleAssets`	$4.51M	USD	1 Quarter
Amortization of franchise fees and other intangibles	`AmortizationOfIntangibleAssets`	$1.61M	USD	1 Quarter
Amortization and write-off of deferred financing fees	`AmortizationAndWriteOffOfDebtIssuanceCostsIncludingDiscontinuedOperations`	$967.00K	USD	1 Quarter
Amortization and write-off of deferred financing fees	`AmortizationAndWriteOffOfDebtIssuanceCostsIncludingDiscontinuedOperations`	$616.00K	USD	1 Quarter
Amortization of loan discounts	`AmortizationOfDebtDiscountPremium`	$261.00K	USD	1 Quarter
Amortization of loan discounts	`AmortizationOfDebtDiscountPremium`	$266.00K	USD	1 Quarter
Amortization of deferred stock compensation	`ShareBasedCompensation`	$544.00K	USD	1 Quarter
Amortization of deferred stock compensation	`ShareBasedCompensation`	$946.00K	USD	1 Quarter
Equity in earnings of unconsolidated joint ventures	`IncomeLossFromEquityMethodInvestments`	$21.00K	USD	1 Quarter
Restricted cash	`IncreaseDecreaseInRestrictedCashForOperatingActivities`	$4.69M	USD	1 Quarter
Restricted cash	`IncreaseDecreaseInRestrictedCashForOperatingActivities`	$-11.94M	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$5.87M	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$2.74M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$4.00K	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$30.00K	USD	1 Quarter
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-1.41M	USD	1 Quarter
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-3.30M	USD	1 Quarter
Accounts payable and other liabilities	`IncreaseDecreaseInAccountsPayable`	$6.31M	USD	1 Quarter
Accounts payable and other liabilities	`IncreaseDecreaseInAccountsPayable`	$2.26M	USD	1 Quarter
Accrued payroll and employee benefits	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$-2.15M	USD	1 Quarter
Accrued payroll and employee benefits	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$-4.44M	USD	1 Quarter
Due to Third-Party Managers	`IncreaseDecreaseInDueToThirdPartyManagers`	$3.00K	USD	1 Quarter
Due to Third-Party Managers	`IncreaseDecreaseInDueToThirdPartyManagers`	$-791.00K	USD	1 Quarter
Discontinued operations	`NetCashProvidedByUsedInDiscontinuedOperations`	$-970.00K	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$17.96M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$23.07M	USD	1 Quarter
Proceeds from sale of hotel properties and other assets	`ProceedsFromSalesOfAssetsInvestingActivities`	$11.00K	USD	1 Quarter
Proceeds from sale of hotel properties and other assets	`ProceedsFromSalesOfAssetsInvestingActivities`	$42.00K	USD	1 Quarter
Restricted cash - replacement reserve	`IncreaseDecreaseInRestrictedCash`	$2.42M	USD	1 Quarter
Restricted cash - replacement reserve	`IncreaseDecreaseInRestrictedCash`	$-593.00K	USD	1 Quarter
Acquisitions of hotel properties and other assets	`PaymentsToAcquirePropertyPlantAndEquipment`	$102.16M	USD	1 Quarter
Acquisitions of hotel properties and other assets	`PaymentsToAcquirePropertyPlantAndEquipment`	$2.50M	USD	1 Quarter
Renovations and additions to hotel properties and other real estate	`PaymentsForCapitalImprovements`	$21.79M	USD	1 Quarter
Renovations and additions to hotel properties and other real estate	`PaymentsForCapitalImprovements`	$32.61M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-137.15M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-23.68M	USD	1 Quarter
Payments on notes payable	`RepaymentsOfSecuredDebt`	$3.39M	USD	1 Quarter
Payments on notes payable	`RepaymentsOfSecuredDebt`	$5.72M	USD	1 Quarter
Payment for repurchase of notes payable and related costs	`PaymentsForRepurchasesOfNotesPayableAndRelatedCosts`	$4.57M	USD	1 Quarter
Payments of deferred financing costs	`PaymentsOfFinancingCosts`	$337.00K	USD	1 Quarter
Dividends paid	`PaymentsOfOrdinaryDividends`	$5.14M	USD	1 Quarter
Dividends paid	`PaymentsOfOrdinaryDividends`	$7.44M	USD	1 Quarter
Distributions to non-controlling interest	`PaymentsOfDividendsMinorityInterest`	$7.00K	USD	1 Quarter
Distributions to non-controlling interest	`PaymentsOfDividendsMinorityInterest`	$882.00K	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-18.61M	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-8.88M	USD	1 Quarter
Net decrease in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-24.33M	USD	1 Quarter
Net decrease in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-122.95M	USD	1 Quarter
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$276.03M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$126.20M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$150.53M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$153.09M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$276.03M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$126.20M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$150.53M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$153.09M	USD	Point-in-time
Cash paid for interest	`InterestPaidNet`	$16.47M	USD	1 Quarter
Cash paid for interest	`InterestPaidNet`	$20.93M	USD	1 Quarter
Accounts payable related to renovations and additions to hotel properties and other real estate	`CapitalExpendituresIncurredButNotYetPaid`	$13.45M	USD	1 Quarter
Accounts payable related to renovations and additions to hotel properties and other real estate	`CapitalExpendituresIncurredButNotYetPaid`	$4.92M	USD	1 Quarter
Amortization of deferred stock compensation - construction activities	`AmortizationOfDeferredStockCompensationConstructionActivities`	$72.00K	USD	1 Quarter
Amortization of deferred stock compensation - construction activities	`AmortizationOfDeferredStockCompensationConstructionActivities`	$57.00K	USD	1 Quarter
Amortization of deferred stock compensation - unconsolidated joint venture	`AmortizationOfDeferredStockCompensationUnconsolidatedJointVenture`	$2.00K	USD	1 Quarter
Assumption of debt in connection with acquisitions of hotel properties	`LiabilitiesAssumed1`	$312.18M	USD	1 Quarter
Dividends payable	`DividendsPayableAmount`	$5.14M	USD	Point-in-time
Dividends payable	`DividendsPayableAmount`	$7.44M	USD	Point-in-time

Stockholders Equity 12 line items

Line Item	Tag	Value	Unit	Period
Series C preferred dividends and dividends payable, per share	`TemporaryEquityDividendsCashPerSharePaidAndPayable`	$0.39	USD	1 Quarter
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.33B	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.31B	USD	Point-in-time
Vesting of restricted common stock	`StockIssuedDuringPeriodValueRestrictedStockAwardGross`	$1.02M	USD	1 Quarter
Distributions to non-controlling interest	`MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders`	$882.00K	USD	1 Quarter
Series A preferred dividends and dividends payable at $0.50 per share year to date	`DividendsPreferredStockSeriesACash`	$3.52M	USD	1 Quarter
Series C preferred dividends and dividends payable at $0.393 per share year to date	`DividendsPreferredStockSeriesCCash`	$1.61M	USD	1 Quarter
Series D preferred dividends and dividends payable at $0.50 per share year to date	`DividendsPreferredStockSeriesDCash`	$2.30M	USD	1 Quarter
Net income (loss) and comprehensive income (loss)	`ProfitLoss`	$-12.97M	USD	1 Quarter
Net income (loss) and comprehensive income (loss)	`ProfitLoss`	$51.34M	USD	1 Quarter
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.33B	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.31B	USD	Point-in-time

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.