10-Q Filing

SUNSTONE HOTEL INVESTORS, INC. CIK: 1295810 Q2 2016

Filing Information

Form Type	10-Q
Accession Number	`0001558370-16-007662`
Period End Date	20160630
Filing Date	20160808
Fiscal Year	2016
Fiscal Period	Q2
XBRL Instance	sho-20160630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 73 Income Statement 126 Cash Flow Statement 94 Stockholders Equity 20

Balance Sheet 73 line items

Line Item	Tag	Value	Unit	Period
Preferred stock, par value (in dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Preferred stock, par value (in dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Preferred stock, shares authorized (in shares)	`PreferredStockSharesAuthorized`	100.00M	shares	Point-in-time
Preferred stock, shares authorized (in shares)	`PreferredStockSharesAuthorized`	100.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$354.68M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$499.07M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$98.76M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$222.10M	USD	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalentsAtCarryingValue`	$62.34M	USD	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalentsAtCarryingValue`	$76.18M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$46.53M	USD	Point-in-time
Preferred stock, Cumulative Redeemable Preferred Stock, shares outstanding (in shares)	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$32.02M	USD	Point-in-time
Inventories	`InventoryNet`	$1.40M	USD	Point-in-time
Inventories	`InventoryNet`	$1.31M	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$10.88M	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
Prepaid expenses	`PrepaidExpenseCurrent`	$8.32M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$619.54M	USD	Point-in-time
Common stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	500.00M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$473.17M	USD	Point-in-time
Common stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	500.00M	shares	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	216.58M	shares	Point-in-time
Investment in hotel properties, net	`RealEstateInvestmentPropertyNet`	$3.23B	USD	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	207.60M	shares	Point-in-time
Investment in hotel properties, net	`RealEstateInvestmentPropertyNet`	$3.23B	USD	Point-in-time
Deferred financing fees, net	`DeferredFinanceCostsNoncurrentNet`	$2.84M	USD	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	216.58M	shares	Point-in-time
Deferred financing fees, net	`DeferredFinanceCostsNoncurrentNet`	$4.31M	USD	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	207.60M	shares	Point-in-time
Other assets, net	`OtherAssetsNoncurrent`	$10.39M	USD	Point-in-time
Other assets, net	`OtherAssetsNoncurrent`	$9.46M	USD	Point-in-time
Total assets	`Assets`	$3.72B	USD	Point-in-time
Total assets	`Assets`	$3.86B	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$35.02M	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$30.19M	USD	Point-in-time
Accrued payroll and employee benefits	`EmployeeRelatedLiabilitiesCurrent`	$28.02M	USD	Point-in-time
Accrued payroll and employee benefits	`EmployeeRelatedLiabilitiesCurrent`	$20.94M	USD	Point-in-time
Dividends and distributions payable	`DividendsPayableCurrent`	$13.90M	USD	Point-in-time
Dividends and distributions payable	`DividendsPayableCurrent`	$265.12M	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$44.40M	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$41.88M	USD	Point-in-time
Current portion of notes payable, net	`NotesPayableCurrent`	$85.78M	USD	Point-in-time
Current portion of notes payable, net	`NotesPayableCurrent`	$251.72M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$450.99M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$365.98M	USD	Point-in-time
Notes payable, less current portion, net	`LongTermNotesPayable`	$1.01B	USD	Point-in-time
Notes payable, less current portion, net	`LongTermNotesPayable`	$751.10M	USD	Point-in-time
Capital lease obligations, less current portion	`CapitalLeaseObligationsNoncurrent`	$15.57M	USD	Point-in-time
Capital lease obligations, less current portion	`CapitalLeaseObligationsNoncurrent`	$15.57M	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$44.95M	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$34.74M	USD	Point-in-time
Total liabilities	`Liabilities`	$1.51B	USD	Point-in-time
Total liabilities	`Liabilities`	$1.18B	USD	Point-in-time
Commitments and contingencies (Note 11)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies (Note 11)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Common stock, $0.01 par value, 500,000,000 shares authorized, 216,575,534 shares issued and outstanding at June 30, 2016 and 207,604,391 shares issued and outstanding at December 31, 2015	`CommonStockValue`	$2.17M	USD	Point-in-time
Common stock, $0.01 par value, 500,000,000 shares authorized, 216,575,534 shares issued and outstanding at June 30, 2016 and 207,604,391 shares issued and outstanding at December 31, 2015	`CommonStockValue`	$2.08M	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapital`	$2.54B	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapital`	$2.46B	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$716.35M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$652.70M	USD	Point-in-time
Cumulative dividends and distributions	`CumulativeDividends`	$959.07M	USD	Point-in-time
Cumulative dividends and distributions	`CumulativeDividends`	$927.87M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$2.49B	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$2.30B	USD	Point-in-time
Noncontrolling interest in consolidated joint venture	`MinorityInterest`	$50.32M	USD	Point-in-time
Noncontrolling interest in consolidated joint venture	`MinorityInterest`	$50.82M	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.54B	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.35B	USD	Point-in-time
Total liabilities and equity	`LiabilitiesAndStockholdersEquity`	$3.72B	USD	Point-in-time
Total liabilities and equity	`LiabilitiesAndStockholdersEquity`	$3.86B	USD	Point-in-time

Income Statement 126 line items

Line Item	Tag	Value	Unit	Period
Room	`OccupancyRevenue`	$411.47M	USD	2 Qtrs
Room	`OccupancyRevenue`	$239.68M	USD	1 Quarter
Room	`OccupancyRevenue`	$432.97M	USD	2 Qtrs
Room	`OccupancyRevenue`	$224.18M	USD	1 Quarter
Food and beverage	`FoodAndBeverageRevenue`	$79.27M	USD	1 Quarter
Food and beverage	`FoodAndBeverageRevenue`	$152.53M	USD	2 Qtrs
Food and beverage	`FoodAndBeverageRevenue`	$151.45M	USD	2 Qtrs
Food and beverage	`FoodAndBeverageRevenue`	$81.30M	USD	1 Quarter
Other operating	`OtherHotelOperatingRevenue`	$16.69M	USD	1 Quarter
Other operating	`OtherHotelOperatingRevenue`	$20.32M	USD	1 Quarter
Other operating	`OtherHotelOperatingRevenue`	$32.45M	USD	2 Qtrs
Other operating	`OtherHotelOperatingRevenue`	$39.23M	USD	2 Qtrs
Total revenues	`RevenueFromLeasedAndOwnedHotels`	$596.45M	USD	2 Qtrs
Total revenues	`RevenueFromLeasedAndOwnedHotels`	$623.65M	USD	2 Qtrs
Total revenues	`RevenueFromLeasedAndOwnedHotels`	$322.16M	USD	1 Quarter
Total revenues	`RevenueFromLeasedAndOwnedHotels`	$339.27M	USD	1 Quarter
Room	`OccupancyCosts`	$54.52M	USD	1 Quarter
Room	`OccupancyCosts`	$111.41M	USD	2 Qtrs
Room	`OccupancyCosts`	$105.56M	USD	2 Qtrs
Room	`OccupancyCosts`	$57.57M	USD	1 Quarter
Food and beverage	`FoodAndBeverageCostOfSales`	$52.81M	USD	1 Quarter
Food and beverage	`FoodAndBeverageCostOfSales`	$103.03M	USD	2 Qtrs
Food and beverage	`FoodAndBeverageCostOfSales`	$52.94M	USD	1 Quarter
Food and beverage	`FoodAndBeverageCostOfSales`	$104.87M	USD	2 Qtrs
Other operating	`OtherDirectCostsOfHotels`	$8.19M	USD	2 Qtrs
Other operating	`OtherDirectCostsOfHotels`	$5.34M	USD	1 Quarter
Other operating	`OtherDirectCostsOfHotels`	$10.47M	USD	2 Qtrs
Other operating	`OtherDirectCostsOfHotels`	$4.13M	USD	1 Quarter
Advertising and promotion	`AdvertisingExpense`	$30.93M	USD	2 Qtrs
Advertising and promotion	`AdvertisingExpense`	$15.28M	USD	1 Quarter
Advertising and promotion	`AdvertisingExpense`	$15.57M	USD	1 Quarter
Advertising and promotion	`AdvertisingExpense`	$30.27M	USD	2 Qtrs
Repairs and maintenance	`CostOfPropertyRepairsAndMaintenance`	$22.26M	USD	2 Qtrs
Repairs and maintenance	`CostOfPropertyRepairsAndMaintenance`	$11.00M	USD	1 Quarter
Repairs and maintenance	`CostOfPropertyRepairsAndMaintenance`	$22.94M	USD	2 Qtrs
Repairs and maintenance	`CostOfPropertyRepairsAndMaintenance`	$11.38M	USD	1 Quarter
Utilities	`UtilitiesCosts`	$17.36M	USD	2 Qtrs
Utilities	`UtilitiesCosts`	$7.35M	USD	1 Quarter
Utilities	`UtilitiesCosts`	$8.38M	USD	1 Quarter
Utilities	`UtilitiesCosts`	$14.86M	USD	2 Qtrs
Franchise costs	`FranchiseFeesAndAssessments`	$17.99M	USD	2 Qtrs
Franchise costs	`FranchiseFeesAndAssessments`	$9.90M	USD	1 Quarter
Franchise costs	`FranchiseFeesAndAssessments`	$19.42M	USD	2 Qtrs
Franchise costs	`FranchiseFeesAndAssessments`	$10.82M	USD	1 Quarter
Property tax, ground lease and insurance	`OccupancyNet`	$23.15M	USD	1 Quarter
Property tax, ground lease and insurance	`OccupancyNet`	$18.16M	USD	1 Quarter
Property tax, ground lease and insurance	`OccupancyNet`	$46.76M	USD	2 Qtrs
Property tax, ground lease and insurance	`OccupancyNet`	$41.00M	USD	2 Qtrs
Property general and administrative	`OtherCostAndExpenseOperating`	$37.11M	USD	1 Quarter
Property general and administrative	`OtherCostAndExpenseOperating`	$37.98M	USD	1 Quarter
Property general and administrative	`OtherCostAndExpenseOperating`	$71.56M	USD	2 Qtrs
Property general and administrative	`OtherCostAndExpenseOperating`	$72.69M	USD	2 Qtrs
Corporate overhead	`GeneralAndAdministrativeExpense`	$13.53M	USD	2 Qtrs
Corporate overhead	`GeneralAndAdministrativeExpense`	$6.92M	USD	1 Quarter
Corporate overhead	`GeneralAndAdministrativeExpense`	$21.18M	USD	2 Qtrs
Corporate overhead	`GeneralAndAdministrativeExpense`	$6.81M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$80.73M	USD	2 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$81.58M	USD	2 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$40.68M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$40.87M	USD	1 Quarter
Total operating expenses	`CostsAndExpenses`	$511.95M	USD	2 Qtrs
Total operating expenses	`CostsAndExpenses`	$269.91M	USD	1 Quarter
Total operating expenses	`CostsAndExpenses`	$258.74M	USD	1 Quarter
Total operating expenses	`CostsAndExpenses`	$536.63M	USD	2 Qtrs
Operating income	`OperatingIncomeLoss`	$63.42M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$87.02M	USD	2 Qtrs
Operating income	`OperatingIncomeLoss`	$84.50M	USD	2 Qtrs
Operating income	`OperatingIncomeLoss`	$69.35M	USD	1 Quarter
Interest and other income	`OtherNonoperatingIncomeExpense`	$2.77M	USD	2 Qtrs
Interest and other income	`OtherNonoperatingIncomeExpense`	$355.00K	USD	1 Quarter
Interest and other income	`OtherNonoperatingIncomeExpense`	$844.00K	USD	2 Qtrs
Interest and other income	`OtherNonoperatingIncomeExpense`	$1.83M	USD	1 Quarter
Interest expense	`InterestExpense`	$34.62M	USD	2 Qtrs
Interest expense	`InterestExpense`	$35.88M	USD	2 Qtrs
Interest expense	`InterestExpense`	$17.29M	USD	1 Quarter
Interest expense	`InterestExpense`	$15.87M	USD	1 Quarter
Loss on extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	$-2.00K	USD	2 Qtrs
Loss on extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	$-154.00K	USD	1 Quarter
Loss on extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	$-2.00K	USD	1 Quarter
Loss on extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	$-259.00K	USD	2 Qtrs
Gain on sale of assets	`DisposalGroupNotDiscontinuedOperationGainLossOnDisposal`	$18.22M	USD	1 Quarter
Gain on sale of assets	`DisposalGroupNotDiscontinuedOperationGainLossOnDisposal`	$18.22M	USD	2 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$55.18M	USD	2 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$53.89M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$65.97M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$67.43M	USD	2 Qtrs
Income tax provision	`IncomeTaxExpenseBenefit`	$233.00K	USD	1 Quarter
Income tax provision	`IncomeTaxExpenseBenefit`	$238.00K	USD	1 Quarter
Income tax provision	`IncomeTaxExpenseBenefit`	$475.00K	USD	2 Qtrs
Income tax provision	`IncomeTaxExpenseBenefit`	$318.00K	USD	2 Qtrs
NET INCOME	`ProfitLoss`	$65.74M	USD	1 Quarter
NET INCOME	`ProfitLoss`	$66.95M	USD	2 Qtrs
NET INCOME	`ProfitLoss`	$54.86M	USD	2 Qtrs
NET INCOME	`ProfitLoss`	$53.66M	USD	1 Quarter
Income from consolidated joint ventures attributable to noncontrolling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$2.48M	USD	1 Quarter
Income from consolidated joint ventures attributable to noncontrolling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$1.66M	USD	1 Quarter
Income from consolidated joint ventures attributable to noncontrolling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$3.31M	USD	2 Qtrs
Income from consolidated joint ventures attributable to noncontrolling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$4.66M	USD	2 Qtrs
Preferred stock dividends and redemption charge	`PreferredStockDividendsAndOtherAdjustmentsExcludingDistributedEarningsToParticipatingSecurities`	$6.78M	USD	1 Quarter
Preferred stock dividends and redemption charge	`PreferredStockDividendsAndOtherAdjustmentsExcludingDistributedEarningsToParticipatingSecurities`	$9.55M	USD	2 Qtrs
Preferred stock dividends and redemption charge	`PreferredStockDividendsAndOtherAdjustmentsExcludingDistributedEarningsToParticipatingSecurities`	$4.60M	USD	2 Qtrs
Preferred stock dividends and redemption charge	`PreferredStockDividendsAndOtherAdjustmentsExcludingDistributedEarningsToParticipatingSecurities`	$2.30M	USD	1 Quarter
INCOME ATTRIBUTABLE TO COMMON STOCKHOLDERS	`UndistributedEarnings`	$48.88M	USD	1 Quarter
INCOME ATTRIBUTABLE TO COMMON STOCKHOLDERS	`UndistributedEarnings`	$45.60M	USD	2 Qtrs
INCOME ATTRIBUTABLE TO COMMON STOCKHOLDERS	`UndistributedEarnings`	$54.10M	USD	2 Qtrs
INCOME ATTRIBUTABLE TO COMMON STOCKHOLDERS	`UndistributedEarnings`	$57.30M	USD	1 Quarter
COMPREHENSIVE INCOME	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$53.66M	USD	1 Quarter
COMPREHENSIVE INCOME	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$65.74M	USD	1 Quarter
COMPREHENSIVE INCOME	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$54.86M	USD	2 Qtrs
COMPREHENSIVE INCOME	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$66.95M	USD	2 Qtrs
COMPREHENSIVE INCOME ATTRIBUTABLE TO COMMON STOCKHOLDERS	`ComprehensiveIncomeNetOfTax`	$45.60M	USD	2 Qtrs
COMPREHENSIVE INCOME ATTRIBUTABLE TO COMMON STOCKHOLDERS	`ComprehensiveIncomeNetOfTax`	$57.30M	USD	1 Quarter
COMPREHENSIVE INCOME ATTRIBUTABLE TO COMMON STOCKHOLDERS	`ComprehensiveIncomeNetOfTax`	$48.88M	USD	1 Quarter
COMPREHENSIVE INCOME ATTRIBUTABLE TO COMMON STOCKHOLDERS	`ComprehensiveIncomeNetOfTax`	$54.10M	USD	2 Qtrs
Basic and diluted income attributable to common stockholders per common share (in dollars per share)	`EarningsPerShareBasicAndDiluted`	$0.25	USD	2 Qtrs
Basic and diluted income attributable to common stockholders per common share (in dollars per share)	`EarningsPerShareBasicAndDiluted`	$0.26	USD	1 Quarter
Basic and diluted income attributable to common stockholders per common share (in dollars per share)	`EarningsPerShareBasicAndDiluted`	$0.22	USD	2 Qtrs
Basic and diluted income attributable to common stockholders per common share (in dollars per share)	`EarningsPerShareBasicAndDiluted`	$0.23	USD	1 Quarter
Basic and diluted weighted average common shares outstanding (in shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	207.09M	shares	2 Qtrs
Basic and diluted weighted average common shares outstanding (in shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	214.14M	shares	2 Qtrs
Basic and diluted weighted average common shares outstanding (in shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	215.38M	shares	1 Quarter
Basic and diluted weighted average common shares outstanding (in shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	207.58M	shares	1 Quarter
Distributions declared per common share (in dollars per share)	`CommonStockDividendsPerShareDeclared`	$0.10	USD	2 Qtrs
Distributions declared per common share (in dollars per share)	`CommonStockDividendsPerShareDeclared`	$0.10	USD	2 Qtrs
Distributions declared per common share (in dollars per share)	`CommonStockDividendsPerShareDeclared`	$0.05	USD	1 Quarter
Distributions declared per common share (in dollars per share)	`CommonStockDividendsPerShareDeclared`	$0.05	USD	1 Quarter

Cash Flow Statement 94 line items

Line Item	Tag	Value	Unit	Period
Net income	`ProfitLoss`	$65.74M	USD	1 Quarter
Net income	`ProfitLoss`	$66.95M	USD	2 Qtrs
Net income	`ProfitLoss`	$54.86M	USD	2 Qtrs
Net income	`ProfitLoss`	$53.66M	USD	1 Quarter
Bad debt expense	`ProvisionForDoubtfulAccounts`	$54.00K	USD	2 Qtrs
Bad debt expense	`ProvisionForDoubtfulAccounts`	$309.00K	USD	2 Qtrs
Gain on sale of assets, net	`GainLossOnSaleOfOtherAssets`	$18.23M	USD	2 Qtrs
Gain on sale of assets, net	`GainLossOnSaleOfOtherAssets`	$1.00K	USD	2 Qtrs
Loss on extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	$-2.00K	USD	2 Qtrs
Loss on extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	$-154.00K	USD	1 Quarter
Loss on extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	$-2.00K	USD	1 Quarter
Loss on extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	$-259.00K	USD	2 Qtrs
Gain on redemption of note receivable	`GainLossOnDispositionOfAssets1`	$-939.00K	USD	2 Qtrs
Loss on derivatives, net	`DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet`	$-2.78M	USD	1 Quarter
Loss on derivatives, net	`DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet`	$-10.00K	USD	2 Qtrs
Loss on derivatives, net	`DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet`	$-9.18M	USD	2 Qtrs
Loss on derivatives, net	`DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet`	$-10.00K	USD	1 Quarter
Depreciation	`Depreciation`	$79.12M	USD	2 Qtrs
Depreciation	`Depreciation`	$79.41M	USD	2 Qtrs
Amortization of franchise fees and other intangibles	`AmortizationOfIntangibleAssets`	$1.75M	USD	2 Qtrs
Amortization of franchise fees and other intangibles	`AmortizationOfIntangibleAssets`	$4.05M	USD	2 Qtrs
Amortization of deferred financing fees	`AmortizationOfFinancingCosts`	$1.14M	USD	1 Quarter
Amortization of deferred financing fees	`AmortizationOfFinancingCosts`	$1.10M	USD	2 Qtrs
Amortization of deferred financing fees	`AmortizationOfFinancingCosts`	$549.00K	USD	1 Quarter
Amortization of deferred financing fees	`AmortizationOfFinancingCosts`	$1.78M	USD	2 Qtrs
Amortization of deferred stock compensation	`ShareBasedCompensation`	$4.08M	USD	2 Qtrs
Amortization of deferred stock compensation	`ShareBasedCompensation`	$6.84M	USD	2 Qtrs
Restricted cash	`IncreaseDecreaseInRestrictedCashForOperatingActivities`	$-2.81M	USD	2 Qtrs
Restricted cash	`IncreaseDecreaseInRestrictedCashForOperatingActivities`	$-15.76M	USD	2 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$18.19M	USD	2 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$14.83M	USD	2 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$-84.00K	USD	2 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$-89.00K	USD	2 Qtrs
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-631.00K	USD	2 Qtrs
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-2.36M	USD	2 Qtrs
Accounts payable and other liabilities	`IncreaseDecreaseInAccountsPayable`	$6.02M	USD	2 Qtrs
Accounts payable and other liabilities	`IncreaseDecreaseInAccountsPayable`	$9.22M	USD	2 Qtrs
Accrued payroll and employee benefits	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$-4.76M	USD	2 Qtrs
Accrued payroll and employee benefits	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$-3.20M	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$137.43M	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$149.15M	USD	2 Qtrs
Proceeds from sales of assets	`ProceedsFromSalesOfAssetsInvestingActivities`	$5.00K	USD	2 Qtrs
Proceeds from sales of assets	`ProceedsFromSalesOfAssetsInvestingActivities`	$41.17M	USD	2 Qtrs
Proceeds from redemption of note receivable	`ProceedsFromCollectionOfNotesReceivable`	$1.12M	USD	2 Qtrs
Restricted cash - replacement reserve	`IncreaseDecreaseInRestrictedCash`	$9.19M	USD	2 Qtrs
Restricted cash - replacement reserve	`IncreaseDecreaseInRestrictedCash`	$1.91M	USD	2 Qtrs
Acquisition of air rights lease	`PaymentsToAcquireIntangibleAssets`	$2.45M	USD	2 Qtrs
Renovations and additions to hotel properties	`PaymentsForCapitalImprovements`	$72.99M	USD	2 Qtrs
Renovations and additions to hotel properties	`PaymentsForCapitalImprovements`	$100.03M	USD	2 Qtrs
Payment for interest rate derivative	`PaymentsForDerivativeInstrumentInvestingActivities`	$13.00K	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-63.22M	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-81.06M	USD	2 Qtrs
Proceeds from preferred stock offerings	`ProceedsFromIssuanceOfRedeemableConvertiblePreferredStock`	$190.00M	USD	2 Qtrs
Payment of preferred stock offering costs	`PaymentOfFinancingAndStockIssuanceCosts`	$6.64M	USD	2 Qtrs
Redemption of preferred stock	`PaymentsForRepurchaseOfRedeemablePreferredStock`	$115.00M	USD	2 Qtrs
Repurchase of common stock for employee withholding obligations	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$9.26M	USD	2 Qtrs
Repurchase of common stock for employee withholding obligations	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$2.64M	USD	2 Qtrs
Proceeds from note payable and credit facility	`ProceedsFromIssuanceOfDebt`	$100.00M	USD	2 Qtrs
Proceeds from note payable and credit facility	`ProceedsFromIssuanceOfDebt`	$38.00M	USD	2 Qtrs
Payments on notes payable and credit facility	`RepaymentsOfSecuredDebt`	$193.45M	USD	2 Qtrs
Payments on notes payable and credit facility	`RepaymentsOfSecuredDebt`	$148.63M	USD	2 Qtrs
Payments for costs related to extinguishment of notes payable	`PaymentsOfDebtExtinguishmentCosts`	$2.00K	USD	2 Qtrs
Payments for costs related to extinguishment of notes payable	`PaymentsOfDebtExtinguishmentCosts`	$153.00K	USD	2 Qtrs
Payments of deferred financing costs	`PaymentsOfFinancingCosts`	$4.13M	USD	2 Qtrs
Payments of deferred financing costs	`PaymentsOfFinancingCosts`	$77.00K	USD	2 Qtrs
Dividends and distributions paid	`PaymentsOfOrdinaryDividends`	$52.08M	USD	2 Qtrs
Dividends and distributions paid	`PaymentsOfOrdinaryDividends`	$199.56M	USD	2 Qtrs
Distributions to noncontrolling interests	`PaymentsOfDividendsMinorityInterest`	$2.80M	USD	2 Qtrs
Distributions to noncontrolling interests	`PaymentsOfDividendsMinorityInterest`	$3.59M	USD	2 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-179.70M	USD	2 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-230.31M	USD	2 Qtrs
Net decrease in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-144.38M	USD	2 Qtrs
Net decrease in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-123.34M	USD	2 Qtrs
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$354.68M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$499.07M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$98.76M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$222.10M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$354.68M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$499.07M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$98.76M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$222.10M	USD	Point-in-time
Cash paid for interest	`InterestPaidNet`	$32.00M	USD	2 Qtrs
Cash paid for interest	`InterestPaidNet`	$25.81M	USD	2 Qtrs
Cash paid (refunds received) for income taxes, net	`CashRefundsReceivedPaidForIncomeTaxes`	$709.00K	USD	2 Qtrs
Cash paid (refunds received) for income taxes, net	`CashRefundsReceivedPaidForIncomeTaxes`	$-207.00K	USD	2 Qtrs
Increase in accounts payable related to renovations and additions to hotel properties and other assets	`CapitalExpendituresIncurredButNotYetPaid`	$3.38M	USD	2 Qtrs
Increase in accounts payable related to renovations and additions to hotel properties and other assets	`CapitalExpendituresIncurredButNotYetPaid`	$3.07M	USD	2 Qtrs
Amortization of deferred stock compensation - construction activities	`EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount`	$304.00K	USD	2 Qtrs
Amortization of deferred stock compensation - construction activities	`EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount`	$486.00K	USD	2 Qtrs
Preferred stock redemption charge	`PreferredStockRedemptionPremium`	$4.05M	USD	2 Qtrs
Issuance of common stock distributions	`StockIssuedDuringPeriodValueStockDividend`	$78.82M	USD	2 Qtrs
Issuance of common stock distributions	`StockIssuedDuringPeriodValueStockDividend`	$37.35M	USD	2 Qtrs
Dividends and distributions payable	`DividendsPayableCurrentAndNoncurrent`	$13.90M	USD	Point-in-time
Dividends and distributions payable	`DividendsPayableCurrentAndNoncurrent`	$12.73M	USD	Point-in-time

Stockholders Equity 20 line items

Line Item	Tag	Value	Unit	Period
Issuance of common stock distributions per share (in dollars per share)	`CommonStockStockDividendsPerSharePaid`	$1.26	USD	2 Qtrs
Common stock distributions and distributions payable, per share (in dollars per share)	`CommonStockDividendsPerShareDeclared`	$0.10	USD	2 Qtrs
Common stock distributions and distributions payable, per share (in dollars per share)	`CommonStockDividendsPerShareDeclared`	$0.10	USD	2 Qtrs
Common stock distributions and distributions payable, per share (in dollars per share)	`CommonStockDividendsPerShareDeclared`	$0.05	USD	1 Quarter
Common stock distributions and distributions payable, per share (in dollars per share)	`CommonStockDividendsPerShareDeclared`	$0.05	USD	1 Quarter
Beginning Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.54B	USD	Point-in-time
Beginning Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.35B	USD	Point-in-time
Redemption of preferred stock	`StockRedeemedOrCalledDuringPeriodValue`	$115.00M	USD	2 Qtrs
Net proceeds from sale of preferred stock	`StockIssuedDuringPeriodValueOther`	$183.36M	USD	2 Qtrs
Deferred stock compensation, net	`StockGrantedDuringPeriodValueSharebasedCompensation`	$4.24M	USD	2 Qtrs
Issuance of common stock distributions	`StockIssuedDuringPeriodValueStockDividend`	$78.82M	USD	2 Qtrs
Issuance of common stock distributions	`StockIssuedDuringPeriodValueStockDividend`	$37.35M	USD	2 Qtrs
Common stock distributions and distributions payable	`DividendsCommonStockCash`	$21.66M	USD	2 Qtrs
Distributions to noncontrolling interest	`MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders`	$2.80M	USD	2 Qtrs
Net income	`ProfitLoss`	$65.74M	USD	1 Quarter
Net income	`ProfitLoss`	$66.95M	USD	2 Qtrs
Net income	`ProfitLoss`	$54.86M	USD	2 Qtrs
Net income	`ProfitLoss`	$53.66M	USD	1 Quarter
Ending Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.54B	USD	Point-in-time
Ending Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.35B	USD	Point-in-time

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