10-Q Filing

SUNSTONE HOTEL INVESTORS, INC. CIK: 1295810 Q1 2013

Filing Information

Form Type	10-Q
Accession Number	`0001104659-13-038738`
Period End Date	20130331
Filing Date	20130508
Fiscal Year	2013
Fiscal Period	Q1
XBRL Instance	sho-20130331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 92 Income Statement 69 Cash Flow Statement 80 Stockholders Equity 15

Balance Sheet 92 line items

Line Item	Tag	Value	Unit	Period
Preferred stock, Series C Cumulative Convertible Redeemable Preferred Stock, par value (in dollars per share)	`TemporaryEquityParOrStatedValuePerShare`	$0.01	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
Preferred stock, Series C Cumulative Convertible Redeemable Preferred Stock, shares authorized (in shares)	`TemporaryEquitySharesAuthorized`	4.10M	shares	Point-in-time
Preferred stock, Series C Cumulative Convertible Redeemable Preferred Stock, shares authorized (in shares)	`TemporaryEquitySharesAuthorized`	4.10M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$124.61M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$208.31M	USD	Point-in-time
Preferred stock, Series C Cumulative Convertible Redeemable Preferred Stock, shares issued (in shares)	`TemporaryEquitySharesIssued`	4.10M	shares	Point-in-time
Preferred stock, Series C Cumulative Convertible Redeemable Preferred Stock, shares issued (in shares)	`TemporaryEquitySharesIssued`	4.10M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$149.20M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$157.22M	USD	Point-in-time
Cash proceeds held by accommodator	`OtherRestrictedAssetsCurrent`	$139.43M	USD	Point-in-time
Preferred stock, Series C Cumulative Convertible Redeemable Preferred Stock, shares outstanding (in shares)	`TemporaryEquitySharesOutstanding`	4.10M	shares	Point-in-time
Cash proceeds held by accommodator	`OtherRestrictedAssetsCurrent`	$139.43M	USD	Point-in-time
Preferred stock, Series C Cumulative Convertible Redeemable Preferred Stock, shares outstanding (in shares)	`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
Restricted cash	`RestrictedCashAndCashEquivalentsAtCarryingValue`	$69.42M	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
Restricted cash	`RestrictedCashAndCashEquivalentsAtCarryingValue`	$78.39M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$27.50M	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
Accounts receivable, net	`AccountsReceivableNetCurrent`	$33.49M	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, shares authorized (in shares)	`PreferredStockSharesAuthorized`	100.00M	shares	Point-in-time
Inventories	`InventoryNet`	$1.24M	USD	Point-in-time
Inventories	`InventoryNet`	$1.38M	USD	Point-in-time
Preferred stock, 8.0% Cumulative Redeemable Preferred Stock, shares authorized (in shares)	`PreferredStockSharesAuthorized`	100.00M	shares	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$10.74M	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$10.18M	USD	Point-in-time
Assets held for sale, net	`AssetsHeldForSaleAtCarryingValue`	$132.34M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$462.08M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$407.56M	USD	Point-in-time
Investment in hotel properties, net	`RealEstateInvestmentPropertyNet`	$2.69B	USD	Point-in-time
Investment in hotel properties, net	`RealEstateInvestmentPropertyNet`	$2.68B	USD	Point-in-time
Deferred financing fees, net	`DeferredFinanceCostsNoncurrentNet`	$11.17M	USD	Point-in-time
Deferred financing fees, net	`DeferredFinanceCostsNoncurrentNet`	$11.93M	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Common stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	500.00M	shares	Point-in-time
Goodwill	`Goodwill`	$9.40M	USD	Point-in-time
Common stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	500.00M	shares	Point-in-time
Goodwill	`Goodwill`	$9.40M	USD	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	135.24M	shares	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	160.82M	shares	Point-in-time
Other assets, net	`OtherAssetsNoncurrent`	$25.90M	USD	Point-in-time
Other assets, net	`OtherAssetsNoncurrent`	$31.71M	USD	Point-in-time
Total assets	`Assets`	$3.14B	USD	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	135.24M	shares	Point-in-time
Total assets	`Assets`	$3.20B	USD	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	160.82M	shares	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$22.65M	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$29.80M	USD	Point-in-time
Accrued payroll and employee benefits	`EmployeeRelatedLiabilitiesCurrent`	$26.74M	USD	Point-in-time
Accrued payroll and employee benefits	`EmployeeRelatedLiabilitiesCurrent`	$19.03M	USD	Point-in-time
Dividends payable	`DividendsPayableCurrent`	$7.44M	USD	Point-in-time
Dividends payable	`DividendsPayableCurrent`	$3.91M	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$30.96M	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$35.19M	USD	Point-in-time
Current portion of notes payable	`NotesPayableCurrent`	$19.76M	USD	Point-in-time
Current portion of notes payable	`NotesPayableCurrent`	$76.72M	USD	Point-in-time
Notes payable of assets held for sale	`NotesPayableOfAssetsHeldForSale`	$27.27M	USD	Point-in-time
Liabilities of assets held for sale	`LiabilitiesOfAssetsHeldForSale`	$8.23M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$107.69M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$200.00M	USD	Point-in-time
Notes payable, less current portion	`LongTermNotesPayable`	$1.29B	USD	Point-in-time
Notes payable, less current portion	`LongTermNotesPayable`	$1.28B	USD	Point-in-time
Capital lease obligations, less current portion	`CapitalLeaseObligationsNoncurrent`	$15.62M	USD	Point-in-time
Capital lease obligations, less current portion	`CapitalLeaseObligationsNoncurrent`	$15.62M	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$32.58M	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$15.07M	USD	Point-in-time
Total liabilities	`Liabilities`	$1.44B	USD	Point-in-time
Total liabilities	`Liabilities`	$1.52B	USD	Point-in-time
Commitments and contingencies (Note 12)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies (Note 12)	`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, 2013 and December 31, 2012, liquidation preference of $24.375 per share	`TemporaryEquityCarryingAmountAttributableToParent`	$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, 2013 and December 31, 2012, liquidation preference of $24.375 per share	`TemporaryEquityCarryingAmountAttributableToParent`	$100.00M	USD	Point-in-time
Common stock, $0.01 par value, 500,000,000 shares authorized, 160,815,933 shares issued and outstanding at March 31, 2013 and 135,237,438 shares issued and outstanding at December 31, 2012	`CommonStockValue`	$1.35M	USD	Point-in-time
Common stock, $0.01 par value, 500,000,000 shares authorized, 160,815,933 shares issued and outstanding at March 31, 2013 and 135,237,438 shares issued and outstanding at December 31, 2012	`CommonStockValue`	$1.61M	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapital`	$1.49B	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapital`	$1.79B	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$187.00M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$158.38M	USD	Point-in-time
Cumulative dividends	`CumulativeCashAndStocksDividends`	$486.05M	USD	Point-in-time
Cumulative dividends	`CumulativeCashAndStocksDividends`	$475.14M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-5.33M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$1.61B	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$1.46B	USD	Point-in-time
Non-controlling interest in consolidated joint ventures	`MinorityInterest`	$55.26M	USD	Point-in-time
Non-controlling interest in consolidated joint ventures	`MinorityInterest`	$55.42M	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.52B	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.67B	USD	Point-in-time
Total liabilities and equity	`LiabilitiesAndStockholdersEquity`	$3.20B	USD	Point-in-time
Total liabilities and equity	`LiabilitiesAndStockholdersEquity`	$3.14B	USD	Point-in-time

Income Statement 69 line items

Line Item	Tag	Value	Unit	Period
Room	`OccupancyRevenue`	$119.62M	USD	1 Quarter
Room	`OccupancyRevenue`	$132.62M	USD	1 Quarter
Food and beverage	`FoodAndBeverageRevenue`	$46.84M	USD	1 Quarter
Food and beverage	`FoodAndBeverageRevenue`	$49.63M	USD	1 Quarter
Other operating	`OtherHotelOperatingRevenue`	$12.67M	USD	1 Quarter
Other operating	`OtherHotelOperatingRevenue`	$11.78M	USD	1 Quarter
Total revenues	`RevenueFromLeasedAndOwnedHotels`	$194.92M	USD	1 Quarter
Total revenues	`RevenueFromLeasedAndOwnedHotels`	$178.23M	USD	1 Quarter
Room	`OccupancyCosts`	$33.44M	USD	1 Quarter
Room	`OccupancyCosts`	$37.45M	USD	1 Quarter
Food and beverage	`FoodAndBeverageCostOfSales`	$32.85M	USD	1 Quarter
Food and beverage	`FoodAndBeverageCostOfSales`	$35.10M	USD	1 Quarter
Other operating	`OtherDirectCostsOfHotels`	$3.89M	USD	1 Quarter
Other operating	`OtherDirectCostsOfHotels`	$4.24M	USD	1 Quarter
Advertising and promotion	`AdvertisingExpense`	$9.90M	USD	1 Quarter
Advertising and promotion	`AdvertisingExpense`	$11.27M	USD	1 Quarter
Repairs and maintenance	`CostOfPropertyRepairsAndMaintenance`	$7.48M	USD	1 Quarter
Repairs and maintenance	`CostOfPropertyRepairsAndMaintenance`	$8.37M	USD	1 Quarter
Utilities	`UtilitiesCosts`	$6.18M	USD	1 Quarter
Utilities	`UtilitiesCosts`	$6.00M	USD	1 Quarter
Franchise costs	`FranchiseFeesAndAssessments`	$6.48M	USD	1 Quarter
Franchise costs	`FranchiseFeesAndAssessments`	$5.97M	USD	1 Quarter
Property tax, ground lease and insurance	`PropertyTaxGroundLeaseAndInsurance`	$15.55M	USD	1 Quarter
Property tax, ground lease and insurance	`PropertyTaxGroundLeaseAndInsurance`	$18.47M	USD	1 Quarter
Property general and administrative	`GeneralAndAdministrativeExpense`	$21.91M	USD	1 Quarter
Property general and administrative	`GeneralAndAdministrativeExpense`	$23.61M	USD	1 Quarter
Corporate overhead	`CorporateOverhead`	$5.20M	USD	1 Quarter
Corporate overhead	`CorporateOverhead`	$6.17M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$34.02M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$30.88M	USD	1 Quarter
Total operating expenses	`CostsAndExpenses`	$173.08M	USD	1 Quarter
Total operating expenses	`CostsAndExpenses`	$191.35M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$3.57M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$5.15M	USD	1 Quarter
Interest and other income	`OtherNonoperatingIncomeExpense`	$63.00K	USD	1 Quarter
Interest and other income	`OtherNonoperatingIncomeExpense`	$563.00K	USD	1 Quarter
Interest expense	`InterestExpense`	$17.41M	USD	1 Quarter
Interest expense	`InterestExpense`	$19.36M	USD	1 Quarter
Loss on extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	$-191.00K	USD	1 Quarter
Loss on extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	$-44.00K	USD	1 Quarter
Loss before income taxes and discontinued operations	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-14.34M	USD	1 Quarter
Loss before income taxes and discontinued operations	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-13.33M	USD	1 Quarter
Income tax provision	`IncomeTaxExpenseBenefit`	$6.16M	USD	1 Quarter
Loss from continuing operations	`IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest`	$-14.34M	USD	1 Quarter
Loss from continuing operations	`IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest`	$-19.48M	USD	1 Quarter
Income from discontinued operations	`IncomeLossFromDiscontinuedOperationsNetOfTax`	$1.37M	USD	1 Quarter
Income from discontinued operations	`IncomeLossFromDiscontinuedOperationsNetOfTax`	$48.41M	USD	1 Quarter
NET INCOME (LOSS)	`ProfitLoss`	$-12.97M	USD	1 Quarter
NET INCOME (LOSS)	`ProfitLoss`	$28.93M	USD	1 Quarter
Income from consolidated joint venture attributable to non-controlling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$560.00K	USD	1 Quarter
Income from consolidated joint venture attributable to non-controlling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$297.00K	USD	1 Quarter
Distributions to non-controlling interest	`DistributionsToNoncontrollingInterests`	$8.00K	USD	1 Quarter
Distributions to non-controlling interest	`DistributionsToNoncontrollingInterests`	$8.00K	USD	1 Quarter
Preferred stock dividends and redemption charge	`PreferredStockAndTemporaryEquityDividendsAndOtherAdjustments`	$10.90M	USD	1 Quarter
Preferred stock dividends and redemption charge	`PreferredStockAndTemporaryEquityDividendsAndOtherAdjustments`	$7.44M	USD	1 Quarter
Undistributed income allocated to unvested restricted stock compensation	`UndistributedEarningsAllocatedToParticipatingSecurities`	$218.00K	USD	1 Quarter
Undistributed income allocated to unvested restricted stock compensation	`UndistributedEarningsAllocatedToParticipatingSecurities`	-	USD	1 Quarter
INCOME AVAILABLE (LOSS ATTRIBUTABLE) TO COMMON STOCKHOLDERS	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-20.97M	USD	1 Quarter
INCOME AVAILABLE (LOSS ATTRIBUTABLE) TO COMMON STOCKHOLDERS	`NetIncomeLossAvailableToCommonStockholdersBasic`	$17.50M	USD	1 Quarter
COMPREHENSIVE INCOME AVAILABLE (LOSS ATTRIBUTABLE) TO COMMON STOCKHOLDERS	`ComprehensiveIncomeNetOfTax`	$17.50M	USD	1 Quarter
COMPREHENSIVE INCOME AVAILABLE (LOSS ATTRIBUTABLE) TO COMMON STOCKHOLDERS	`ComprehensiveIncomeNetOfTax`	$-20.97M	USD	1 Quarter
Loss from continuing operations attributable to common stockholders (in dollars per share)	`IncomeLossFromContinuingOperationsPerBasicAndDilutedShare`	$-0.19	USD	1 Quarter
Loss from continuing operations attributable to common stockholders (in dollars per share)	`IncomeLossFromContinuingOperationsPerBasicAndDilutedShare`	$-0.20	USD	1 Quarter
Income from discontinued operations (in dollars per share)	`IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicAndDilutedShare`	$0.32	USD	1 Quarter
Income from discontinued operations (in dollars per share)	`IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicAndDilutedShare`	$0.01	USD	1 Quarter
Basic and diluted income available (loss attributable) to common stockholders per common share (in dollars per share)	`EarningsPerShareBasicAndDiluted`	$0.12	USD	1 Quarter
Basic and diluted income available (loss attributable) to common stockholders per common share (in dollars per share)	`EarningsPerShareBasicAndDiluted`	$-0.18	USD	1 Quarter
Basic and diluted weighted average common shares outstanding (in shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	117.43M	shares	1 Quarter
Basic and diluted weighted average common shares outstanding (in shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	151.08M	shares	1 Quarter

Cash Flow Statement 80 line items

Line Item	Tag	Value	Unit	Period
Net income (loss)	`ProfitLoss`	$-12.97M	USD	1 Quarter
Net income (loss)	`ProfitLoss`	$28.93M	USD	1 Quarter
Bad debt expense	`ProvisionForDoubtfulAccounts`	$63.00K	USD	1 Quarter
Bad debt expense	`ProvisionForDoubtfulAccounts`	$9.00K	USD	1 Quarter
Gain on sales of hotel property and other assets, net	`GainLossOnSaleOfOtherAssets`	$188.00K	USD	1 Quarter
Gain on sales of hotel property and other assets, net	`GainLossOnSaleOfOtherAssets`	$51.62M	USD	1 Quarter
Loss on extinguishment of debt	`GainsLossesOnExtinguishmentOfDebtOfContinuingAndDiscontinuedOperations`	$-191.00K	USD	1 Quarter
Loss on extinguishment of debt	`GainsLossesOnExtinguishmentOfDebtOfContinuingAndDiscontinuedOperations`	$-3.16M	USD	1 Quarter
(Gain) loss on derivatives, net	`DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet`	$-76.00K	USD	1 Quarter
(Gain) loss on derivatives, net	`DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet`	$157.00K	USD	1 Quarter
Depreciation	`Depreciation`	$31.28M	USD	1 Quarter
Depreciation	`Depreciation`	$30.70M	USD	1 Quarter
Amortization of franchise fees and other intangibles	`AmortizationOfIntangibleAssets`	$4.45M	USD	1 Quarter
Amortization of franchise fees and other intangibles	`AmortizationOfIntangibleAssets`	$4.51M	USD	1 Quarter
Amortization and write-off of deferred financing fees	`AmortizationAndWriteOffOfDebtIssuanceCostsIncludingDiscontinuedOperations`	$760.00K	USD	1 Quarter
Amortization and write-off of deferred financing fees	`AmortizationAndWriteOffOfDebtIssuanceCostsIncludingDiscontinuedOperations`	$967.00K	USD	1 Quarter
Amortization of loan discounts	`AmortizationOfDebtDiscountPremium`	$266.00K	USD	1 Quarter
Amortization of loan discounts	`AmortizationOfDebtDiscountPremium`	$3.00K	USD	1 Quarter
Amortization of deferred stock compensation	`ShareBasedCompensation`	$1.07M	USD	1 Quarter
Amortization of deferred stock compensation	`ShareBasedCompensation`	$946.00K	USD	1 Quarter
Restricted cash	`IncreaseDecreaseInRestrictedCashForOperatingActivities`	$4.69M	USD	1 Quarter
Restricted cash	`IncreaseDecreaseInRestrictedCashForOperatingActivities`	$-300.00K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$4.60M	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$2.74M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$30.00K	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$-1.59M	USD	1 Quarter
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-3.30M	USD	1 Quarter
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-541.00K	USD	1 Quarter
Accounts payable and other liabilities	`IncreaseDecreaseInAccountsPayable`	$2.26M	USD	1 Quarter
Accounts payable and other liabilities	`IncreaseDecreaseInAccountsPayable`	$7.55M	USD	1 Quarter
Accrued payroll and employee benefits	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$-9.77M	USD	1 Quarter
Accrued payroll and employee benefits	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$-5.23M	USD	1 Quarter
Discontinued operations	`NetCashProvidedByUsedInDiscontinuedOperations`	$-259.00K	USD	1 Quarter
Discontinued operations	`NetCashProvidedByUsedInDiscontinuedOperations`	$432.00K	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$13.42M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$17.70M	USD	1 Quarter
Proceeds from sale of hotel properties and other assets	`ProceedsFromSalesOfAssetsInvestingActivities`	$195.62M	USD	1 Quarter
Proceeds from sale of hotel properties and other assets	`ProceedsFromSalesOfAssetsInvestingActivities`	$11.00K	USD	1 Quarter
Cash proceeds held by accommodator	`PaymentsForDelayedTaxExemptExchange`	$139.43M	USD	1 Quarter
Restricted cash - replacement reserve	`IncreaseDecreaseInRestrictedCash`	$-9.17M	USD	1 Quarter
Restricted cash - replacement reserve	`IncreaseDecreaseInRestrictedCash`	$-593.00K	USD	1 Quarter
Acquisition deposits	`PaymentsForDepositsOnRealEstateAcquisitions`	$6.00M	USD	Point-in-time
Acquisition deposits	`PaymentsForDepositsOnRealEstateAcquisitions`	$2.50M	USD	1 Quarter
Acquisition deposits	`PaymentsForDepositsOnRealEstateAcquisitions`	$6.00M	USD	1 Quarter
Renovations and additions to hotel properties and other assets	`PaymentsForCapitalImprovements`	$21.79M	USD	1 Quarter
Renovations and additions to hotel properties and other assets	`PaymentsForCapitalImprovements`	$37.15M	USD	1 Quarter
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-23.68M	USD	1 Quarter
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$22.20M	USD	1 Quarter
Redemption of preferred stock	`PaymentsForRepurchaseOfRedeemablePreferredStock`	$176.25M	USD	1 Quarter
Proceeds from common stock offering	`ProceedsFromIssuanceOfCommonStock`	$295.25M	USD	1 Quarter
Payment of common stock offering costs	`PaymentsOfStockIssuanceCosts`	$376.00K	USD	1 Quarter
Proceeds from credit facility	`ProceedsFromSecuredLinesOfCredit`	$30.00M	USD	1 Quarter
Payments on notes payable and credit facility	`RepaymentsOfSecuredDebt`	$10.22M	USD	1 Quarter
Payments on notes payable and credit facility	`RepaymentsOfSecuredDebt`	$119.79M	USD	1 Quarter
Payments for costs related to extinguishment of notes payable	`PaymentsOfDebtExtinguishmentCosts`	$70.00K	USD	1 Quarter
Payments for costs related to extinguishment of notes payable	`PaymentsOfDebtExtinguishmentCosts`	$3.11M	USD	1 Quarter
Dividends paid	`PaymentsOfOrdinaryDividends`	$7.44M	USD	1 Quarter
Dividends paid	`PaymentsOfOrdinaryDividends`	$9.79M	USD	1 Quarter
Distributions to non-controlling interests	`PaymentsOfDividendsMinorityInterest`	$882.00K	USD	1 Quarter
Distributions to non-controlling interests	`PaymentsOfDividendsMinorityInterest`	$457.00K	USD	1 Quarter
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$15.48M	USD	1 Quarter
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-18.61M	USD	1 Quarter
Net increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-24.59M	USD	1 Quarter
Net increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$51.10M	USD	1 Quarter
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$124.61M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$208.31M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$149.20M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$157.22M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$124.61M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$208.31M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$149.20M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$157.22M	USD	Point-in-time
Cash paid for interest	`InterestPaidNet`	$20.93M	USD	1 Quarter
Cash paid for interest	`InterestPaidNet`	$18.00M	USD	1 Quarter
Accounts payable related to renovations and additions to hotel properties and other real estate	`CapitalExpendituresIncurredButNotYetPaid`	$11.33M	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	`EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount`	$72.00K	USD	1 Quarter
Amortization of deferred stock compensation - construction activities	`EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount`	$93.00K	USD	1 Quarter
Dividends payable	`DividendsPayableCurrentAndNoncurrent`	$3.91M	USD	Point-in-time
Dividends payable	`DividendsPayableCurrentAndNoncurrent`	$7.44M	USD	Point-in-time

Stockholders Equity 15 line items

Line Item	Tag	Value	Unit	Period
Series C preferred dividends and dividends payable, per share (in dollars per share)	`TemporaryEquityDividendsCashPerSharePaidAndPayable`	$0.39	USD	1 Quarter
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.52B	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.67B	USD	Point-in-time
Net proceeds from sale of common stock	`StockIssuedDuringPeriodValueNewIssues`	$294.88M	USD	1 Quarter
Vesting of restricted common stock	`StockIssuedDuringPeriodValueRestrictedStockAwardGross`	$1.17M	USD	1 Quarter
Redemption of Series A preferred stock	`StockRedeemedOrCalledDuringPeriodValue`	$176.25M	USD	1 Quarter
Distributions to non-controlling interest	`MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders`	$457.00K	USD	1 Quarter
Series A preferred dividends and dividends payable at $0.50 per share through redemption date	`DividendsPreferredStockSeriesACash`	$2.35M	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	`ProfitLoss`	$-12.97M	USD	1 Quarter
Net income	`ProfitLoss`	$28.93M	USD	1 Quarter
Pension liability adjustment	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax`	$-5.33M	USD	1 Quarter
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.52B	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.67B	USD	Point-in-time

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