10-Q Filing

SUNSTONE HOTEL INVESTORS, INC. CIK: 1295810 Q1 2018

Filing Information

Form Type	10-Q
Accession Number	`0001558370-18-004280`
Period End Date	20180331
Filing Date	20180508
Fiscal Year	2018
Fiscal Period	Q1
XBRL Instance	sho-20180331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 74 Income Statement 59 Cash Flow Statement 80 Stockholders Equity 11

Balance Sheet 74 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`	$467.05M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$441.83M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$488.00M	USD	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalentsAtCarryingValue`	$79.34M	USD	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalentsAtCarryingValue`	$71.31M	USD	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalentsAtCarryingValue`	$64.41M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$48.59M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$34.22M	USD	Point-in-time
Inventories	`InventoryNet`	$1.38M	USD	Point-in-time
Inventories	`InventoryNet`	$1.32M	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`	$12.53M	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$10.46M	USD	Point-in-time
Common stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	500.00M	shares	Point-in-time
Common stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	500.00M	shares	Point-in-time
Assets held for sale, net	`AssetsOfDisposalGroupIncludingDiscontinuedOperationCurrent`	$122.81M	USD	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	225.61M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$608.88M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$728.12M	USD	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	225.32M	shares	Point-in-time
Investment in hotel properties, net	`RealEstateInvestmentPropertyNet`	$3.11B	USD	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	225.61M	shares	Point-in-time
Investment in hotel properties, net	`RealEstateInvestmentPropertyNet`	$3.11B	USD	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	225.32M	shares	Point-in-time
Deferred financing fees, net	`DebtIssuanceCostsLineOfCreditArrangementsNet`	$1.04M	USD	Point-in-time
Deferred financing fees, net	`DebtIssuanceCostsLineOfCreditArrangementsNet`	$1.30M	USD	Point-in-time
Other assets, net	`OtherAssetsNoncurrent`	$31.97M	USD	Point-in-time
Other assets, net	`OtherAssetsNoncurrent`	$22.32M	USD	Point-in-time
Total assets	`Assets`	$3.75B	USD	Point-in-time
Total assets	`Assets`	$3.86B	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndOtherAccruedLiabilitiesCurrent`	$31.81M	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndOtherAccruedLiabilitiesCurrent`	$34.95M	USD	Point-in-time
Accrued payroll and employee benefits	`EmployeeRelatedLiabilitiesCurrent`	$26.69M	USD	Point-in-time
Accrued payroll and employee benefits	`EmployeeRelatedLiabilitiesCurrent`	$18.17M	USD	Point-in-time
Dividends and distributions payable	`DividendsPayableCurrent`	$14.49M	USD	Point-in-time
Dividends and distributions payable	`DividendsPayableCurrent`	$133.89M	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$44.50M	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$43.07M	USD	Point-in-time
Current portion of notes payable, net	`LongTermDebtCurrent`	$5.48M	USD	Point-in-time
Current portion of notes payable, net	`LongTermDebtCurrent`	$5.57M	USD	Point-in-time
Liabilities of assets held for sale	`LiabilitiesOfDisposalGroupIncludingDiscontinuedOperationCurrent`	$189.00K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$242.56M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$116.25M	USD	Point-in-time
Notes payable, less current portion, net	`LongTermDebtNoncurrent`	$977.28M	USD	Point-in-time
Notes payable, less current portion, net	`LongTermDebtNoncurrent`	$975.78M	USD	Point-in-time
Capital lease obligations, less current portion	`CapitalLeaseObligationsNoncurrent`	$26.85M	USD	Point-in-time
Capital lease obligations, less current portion	`CapitalLeaseObligationsNoncurrent`	$26.80M	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$28.99M	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$31.04M	USD	Point-in-time
Total liabilities	`Liabilities`	$1.28B	USD	Point-in-time
Total liabilities	`Liabilities`	$1.15B	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, 225,614,712 shares issued and outstanding at March 31, 2018 and 225,321,660 shares issued and outstanding at December 31, 2017	`CommonStockValue`	$2.26M	USD	Point-in-time
Common stock, $0.01 par value, 500,000,000 shares authorized, 225,614,712 shares issued and outstanding at March 31, 2018 and 225,321,660 shares issued and outstanding at December 31, 2017	`CommonStockValue`	$2.25M	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapital`	$2.68B	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapital`	$2.68B	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$932.28M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$968.29M	USD	Point-in-time
Cumulative dividends and distributions	`CumulativeDividends`	$1.28B	USD	Point-in-time
Cumulative dividends and distributions	`CumulativeDividends`	$1.27B	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$2.55B	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$2.53B	USD	Point-in-time
Noncontrolling interest in consolidated joint venture	`MinorityInterest`	$49.71M	USD	Point-in-time
Noncontrolling interest in consolidated joint venture	`MinorityInterest`	$48.44M	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.58B	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.60B	USD	Point-in-time
Total liabilities and equity	`LiabilitiesAndStockholdersEquity`	$3.86B	USD	Point-in-time
Total liabilities and equity	`LiabilitiesAndStockholdersEquity`	$3.75B	USD	Point-in-time

Income Statement 59 line items

Line Item	Tag	Value	Unit	Period
Room	`OccupancyRevenue`	$180.28M	USD	1 Quarter
Room	`OccupancyRevenue`	$190.37M	USD	1 Quarter
Food and beverage	`FoodAndBeverageRevenue`	$74.27M	USD	1 Quarter
Food and beverage	`FoodAndBeverageRevenue`	$75.50M	USD	1 Quarter
Other operating	`OtherHotelOperatingRevenue`	$14.88M	USD	1 Quarter
Other operating	`OtherHotelOperatingRevenue`	$16.90M	USD	1 Quarter
Total revenues	`RevenueFromLeasedAndOwnedHotels`	$271.45M	USD	1 Quarter
Total revenues	`RevenueFromLeasedAndOwnedHotels`	$280.74M	USD	1 Quarter
Room	`OccupancyCosts`	$51.09M	USD	1 Quarter
Room	`OccupancyCosts`	$51.29M	USD	1 Quarter
Food and beverage	`FoodAndBeverageCostOfSales`	$50.15M	USD	1 Quarter
Food and beverage	`FoodAndBeverageCostOfSales`	$50.54M	USD	1 Quarter
Other operating	`OtherDirectCostsOfHotels`	$3.83M	USD	1 Quarter
Other operating	`OtherDirectCostsOfHotels`	$3.94M	USD	1 Quarter
Advertising and promotion	`AdvertisingExpense`	$14.95M	USD	1 Quarter
Advertising and promotion	`AdvertisingExpense`	$13.91M	USD	1 Quarter
Repairs and maintenance	`CostOfPropertyRepairsAndMaintenance`	$11.10M	USD	1 Quarter
Repairs and maintenance	`CostOfPropertyRepairsAndMaintenance`	$10.97M	USD	1 Quarter
Utilities	`UtilitiesCosts`	$7.47M	USD	1 Quarter
Utilities	`UtilitiesCosts`	$7.22M	USD	1 Quarter
Franchise costs	`FranchiseFeesAndAssessments`	$8.05M	USD	1 Quarter
Franchise costs	`FranchiseFeesAndAssessments`	$7.85M	USD	1 Quarter
Property tax, ground lease and insurance	`OccupancyNet`	$21.29M	USD	1 Quarter
Property tax, ground lease and insurance	`OccupancyNet`	$21.78M	USD	1 Quarter
Other property-level expenses	`OtherCostAndExpenseOperating`	$34.74M	USD	1 Quarter
Other property-level expenses	`OtherCostAndExpenseOperating`	$33.91M	USD	1 Quarter
Corporate overhead	`GeneralAndAdministrativeExpense`	$6.78M	USD	1 Quarter
Corporate overhead	`GeneralAndAdministrativeExpense`	$7.10M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$40.81M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$36.69M	USD	1 Quarter
Total operating expenses	`CostsAndExpenses`	$245.00M	USD	1 Quarter
Total operating expenses	`CostsAndExpenses`	$250.46M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$30.28M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$26.44M	USD	1 Quarter
Interest and other income	`OtherNonoperatingIncome`	$1.49M	USD	1 Quarter
Interest and other income	`OtherNonoperatingIncome`	$721.00K	USD	1 Quarter
Interest expense	`InterestExpense`	$8.88M	USD	1 Quarter
Interest expense	`InterestExpense`	$11.25M	USD	1 Quarter
Loss on extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	$-4.00K	USD	1 Quarter
Gain on sale of assets	`DisposalGroupNotDiscontinuedOperationGainLossOnDisposal`	$15.66M	USD	1 Quarter
Gain on sale of assets	`DisposalGroupNotDiscontinuedOperationGainLossOnDisposal`	$44.28M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$64.03M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$34.72M	USD	1 Quarter
Income tax benefit (provision), net	`IncomeTaxExpenseBenefit`	$-3.74M	USD	1 Quarter
Income tax benefit (provision), net	`IncomeTaxExpenseBenefit`	$208.00K	USD	1 Quarter
NET INCOME	`ProfitLoss`	$38.45M	USD	1 Quarter
NET INCOME	`ProfitLoss`	$63.83M	USD	1 Quarter
Income from consolidated joint venture attributable to noncontrolling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$1.99M	USD	1 Quarter
Income from consolidated joint venture attributable to noncontrolling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$2.44M	USD	1 Quarter
Preferred stock dividends	`PreferredStockDividendsIncomeStatementImpact`	$3.21M	USD	1 Quarter
Preferred stock dividends	`PreferredStockDividendsIncomeStatementImpact`	$3.21M	USD	1 Quarter
INCOME ATTRIBUTABLE TO COMMON STOCKHOLDERS	`EarningsLossBeforeDistributedAndUndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic`	$58.63M	USD	1 Quarter
INCOME ATTRIBUTABLE TO COMMON STOCKHOLDERS	`EarningsLossBeforeDistributedAndUndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic`	$32.81M	USD	1 Quarter
Basic and diluted income attributable to common stockholders per common share (in dollars per share)	`EarningsPerShareBasicAndDiluted`	$0.27	USD	1 Quarter
Basic and diluted income attributable to common stockholders per common share (in dollars per share)	`EarningsPerShareBasicAndDiluted`	$0.15	USD	1 Quarter
Basic and diluted weighted average common shares outstanding (in shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	224.28M	shares	1 Quarter
Basic and diluted weighted average common shares outstanding (in shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	219.09M	shares	1 Quarter
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 80 line items

Line Item	Tag	Value	Unit	Period
Net income	`ProfitLoss`	$38.45M	USD	1 Quarter
Net income	`ProfitLoss`	$63.83M	USD	1 Quarter
Bad debt expense	`ProvisionForDoubtfulAccounts`	$82.00K	USD	1 Quarter
Bad debt expense	`ProvisionForDoubtfulAccounts`	$131.00K	USD	1 Quarter
Gain on sale of assets, net	`GainLossOnDispositionOfAssets1`	$15.67M	USD	1 Quarter
Gain on sale of assets, net	`GainLossOnDispositionOfAssets1`	$44.57M	USD	1 Quarter
Loss on extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	$-4.00K	USD	1 Quarter
Noncash interest on derivatives and capital lease obligations, net	`NoncashInterestOnDerivativesAndCapitalLeaseObligations`	$-3.14M	USD	1 Quarter
Noncash interest on derivatives and capital lease obligations, net	`NoncashInterestOnDerivativesAndCapitalLeaseObligations`	$-657.00K	USD	1 Quarter
Depreciation	`Depreciation`	$36.01M	USD	1 Quarter
Depreciation	`Depreciation`	$40.15M	USD	1 Quarter
Amortization of franchise fees and other intangibles	`AmortizationOfIntangibleAssets`	$819.00K	USD	1 Quarter
Amortization of franchise fees and other intangibles	`AmortizationOfIntangibleAssets`	$746.00K	USD	1 Quarter
Amortization of deferred financing fees	`AmortizationOfFinancingCosts`	$578.00K	USD	1 Quarter
Amortization of deferred financing fees	`AmortizationOfFinancingCosts`	$747.00K	USD	1 Quarter
Amortization of deferred stock compensation	`ShareBasedCompensation`	$2.00M	USD	1 Quarter
Amortization of deferred stock compensation	`ShareBasedCompensation`	$1.75M	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxesAndTaxCredits`	$-3.97M	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$13.10M	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$10.57M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$-5.00K	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$52.00K	USD	1 Quarter
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$3.52M	USD	1 Quarter
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$2.39M	USD	1 Quarter
Accounts payable and other liabilities	`IncreaseDecreaseInAccountsPayableAndOtherOperatingLiabilities`	$514.00K	USD	1 Quarter
Accounts payable and other liabilities	`IncreaseDecreaseInAccountsPayableAndOtherOperatingLiabilities`	$-370.00K	USD	1 Quarter
Accrued payroll and employee benefits	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$-8.51M	USD	1 Quarter
Accrued payroll and employee benefits	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$-8.57M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$30.60M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$40.13M	USD	1 Quarter
Proceeds from sales of assets	`ProceedsFromSalesOfAssetsInvestingActivities`	$123.12M	USD	1 Quarter
Proceeds from sales of assets	`ProceedsFromSalesOfAssetsInvestingActivities`	$136.99M	USD	1 Quarter
Renovations and additions to hotel properties	`PaymentsForCapitalImprovements`	$29.87M	USD	1 Quarter
Renovations and additions to hotel properties	`PaymentsForCapitalImprovements`	$39.32M	USD	1 Quarter
Payment for interest rate derivative	`PaymentsForDerivativeInstrumentInvestingActivities`	$19.00K	USD	1 Quarter
Net cash provided by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$97.67M	USD	1 Quarter
Net cash provided by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$93.23M	USD	1 Quarter
Repurchase of common stock for employee withholding obligations	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$4.23M	USD	1 Quarter
Repurchase of common stock for employee withholding obligations	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$3.79M	USD	1 Quarter
Proceeds from notes payable	`ProceedsFromIssuanceOfUnsecuredDebt`	$240.00M	USD	1 Quarter
Payments on notes payable	`RepaymentsOfDebt`	$178.60M	USD	1 Quarter
Payments on notes payable	`RepaymentsOfDebt`	$1.89M	USD	1 Quarter
Payments of deferred financing costs	`PaymentsOfFinancingCosts`	$13.00K	USD	1 Quarter
Payments of deferred financing costs	`PaymentsOfFinancingCosts`	$5.00K	USD	1 Quarter
Dividends and distributions paid	`PaymentsOfOrdinaryDividends`	$119.85M	USD	1 Quarter
Dividends and distributions paid	`PaymentsOfOrdinaryDividends`	$133.89M	USD	1 Quarter
Distributions to noncontrolling interest	`PaymentsOfDividendsMinorityInterest`	$2.33M	USD	1 Quarter
Distributions to noncontrolling interest	`PaymentsOfDividendsMinorityInterest`	$1.17M	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-141.19M	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-64.58M	USD	1 Quarter
Net (decrease) increase in cash and cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$68.78M	USD	1 Quarter
Net (decrease) increase in cash and cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-12.93M	USD	1 Quarter
Cash and cash equivalents and restricted cash, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$437.46M	USD	Point-in-time
Cash and cash equivalents and restricted cash, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$506.24M	USD	Point-in-time
Cash and cash equivalents and restricted cash, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$559.31M	USD	Point-in-time
Cash and cash equivalents and restricted cash, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$546.39M	USD	Point-in-time
Cash and cash equivalents and restricted cash, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$437.46M	USD	Point-in-time
Cash and cash equivalents and restricted cash, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$506.24M	USD	Point-in-time
Cash and cash equivalents and restricted cash, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$559.31M	USD	Point-in-time
Cash and cash equivalents and restricted cash, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$546.39M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$467.05M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$441.83M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$488.00M	USD	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalentsAtCarryingValue`	$79.34M	USD	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalentsAtCarryingValue`	$71.31M	USD	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalentsAtCarryingValue`	$64.41M	USD	Point-in-time
Cash and cash equivalents and restricted cash, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$437.46M	USD	Point-in-time
Cash and cash equivalents and restricted cash, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$506.24M	USD	Point-in-time
Cash and cash equivalents and restricted cash, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$559.31M	USD	Point-in-time
Cash and cash equivalents and restricted cash, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$546.39M	USD	Point-in-time
Cash paid for interest	`InterestPaidNet`	$13.62M	USD	1 Quarter
Cash paid for interest	`InterestPaidNet`	$9.63M	USD	1 Quarter
Cash paid for income taxes	`IncomeTaxesPaid`	$35.00K	USD	1 Quarter
Cash paid for income taxes	`IncomeTaxesPaid`	$38.00K	USD	1 Quarter
Increase in accounts payable related to renovations and additions to hotel properties and other assets	`ChangeInCapitalExpendituresIncurredButNotYetPaid`	$3.11M	USD	1 Quarter
Increase in accounts payable related to renovations and additions to hotel properties and other assets	`ChangeInCapitalExpendituresIncurredButNotYetPaid`	$2.12M	USD	1 Quarter
Amortization of deferred stock compensation - construction activities	`EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount`	$151.00K	USD	1 Quarter
Amortization of deferred stock compensation - construction activities	`EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount`	$113.00K	USD	1 Quarter
Dividends and distributions payable	`DividendsPayableCurrentAndNoncurrent`	$14.49M	USD	Point-in-time
Dividends and distributions payable	`DividendsPayableCurrentAndNoncurrent`	$14.23M	USD	Point-in-time

Stockholders Equity 11 line items

Line Item	Tag	Value	Unit	Period
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`	$2.58B	USD	Point-in-time
Beginning Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.60B	USD	Point-in-time
Deferred stock compensation, net	`DeferredCompensationArrangementWithIndividualFairValueOfSharesIssuedNetOfSharesAcquiredToSettleTaxObligations`	$-2.12M	USD	1 Quarter
Common stock distributions and distributions payable	`DividendsCommonStockCash`	$11.28M	USD	1 Quarter
Distributions to noncontrolling interest	`MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders`	$1.17M	USD	1 Quarter
Net income	`ProfitLoss`	$38.45M	USD	1 Quarter
Net income	`ProfitLoss`	$63.83M	USD	1 Quarter
Ending Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.58B	USD	Point-in-time
Ending Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.60B	USD	Point-in-time

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