10-Q Filing

SUNSTONE HOTEL INVESTORS, INC. CIK: 1295810 Q2 2019

Filing Information

Form Type	10-Q
Accession Number	`0001558370-19-007047`
Period End Date	20190630
Filing Date	20190805
Fiscal Year	2019
Fiscal Period	Q2
XBRL Instance	sho-20190630x10q_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 79 Income Statement 85 Cash Flow Statement 92 Stockholders Equity 38

Balance Sheet 79 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`	$809.32M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$741.50M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$544.90M	USD	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalentsAtCarryingValue`	$53.05M	USD	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalentsAtCarryingValue`	$74.99M	USD	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalentsAtCarryingValue`	$46.20M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$48.24M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$33.84M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$8.72M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$12.26M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$844.66M	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
Total current assets	`AssetsCurrent`	$908.47M	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
Investment in hotel properties, net	`RealEstateInvestmentPropertyNet`	$2.94B	USD	Point-in-time
Investment in hotel properties, net	`RealEstateInvestmentPropertyNet`	$3.03B	USD	Point-in-time
Finance lease right-of-use assets, net	`FinanceLeaseRightOfUseAsset`	$55.73M	USD	Point-in-time
Finance lease right-of-use assets, net	`FinanceLeaseRightOfUseAsset`	$54.99M	USD	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	228.21M	shares	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	228.25M	shares	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	228.21M	shares	Point-in-time
Operating lease right-of-use assets, net	`OperatingLeaseRightOfUseAsset`	$64.08M	USD	Point-in-time
Operating lease right-of-use assets, net	`OperatingLeaseRightOfUseAsset`	$62.38M	USD	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	228.25M	shares	Point-in-time
Deferred financing costs, net	`DebtIssuanceCostsLineOfCreditArrangementsNet`	$3.54M	USD	Point-in-time
Deferred financing costs, net	`DebtIssuanceCostsLineOfCreditArrangementsNet`	$3.13M	USD	Point-in-time
Other assets, net	`OtherAssetsNoncurrent`	$23.90M	USD	Point-in-time
Other assets, net	`OtherAssetsNoncurrent`	$29.82M	USD	Point-in-time
Total assets	`Assets`	$3.97B	USD	Point-in-time
Total assets	`Assets`	$3.93B	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndOtherAccruedLiabilitiesCurrent`	$32.09M	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndOtherAccruedLiabilitiesCurrent`	$30.43M	USD	Point-in-time
Accrued payroll and employee benefits	`EmployeeRelatedLiabilitiesCurrent`	$25.04M	USD	Point-in-time
Accrued payroll and employee benefits	`EmployeeRelatedLiabilitiesCurrent`	$20.41M	USD	Point-in-time
Dividends and distributions payable	`DividendsPayableCurrent`	$126.46M	USD	Point-in-time
Dividends and distributions payable	`DividendsPayableCurrent`	$14.62M	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$44.96M	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$47.91M	USD	Point-in-time
Current portion of notes payable, net	`LongTermDebtCurrent`	$6.17M	USD	Point-in-time
Current portion of notes payable, net	`LongTermDebtCurrent`	$5.84M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$232.72M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$121.19M	USD	Point-in-time
Notes payable, less current portion, net	`LongTermDebtNoncurrent`	$971.23M	USD	Point-in-time
Notes payable, less current portion, net	`LongTermDebtNoncurrent`	$968.09M	USD	Point-in-time
Finance lease obligations, less current portion	`FinanceLeaseLiabilityNoncurrent`	$27.01M	USD	Point-in-time
Finance lease obligations, less current portion	`FinanceLeaseLiabilityNoncurrent`	$27.12M	USD	Point-in-time
Operating lease obligations, less current portion	`OperatingLeaseLiabilityNoncurrent`	$52.10M	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$19.18M	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$30.70M	USD	Point-in-time
Total liabilities	`Liabilities`	$1.19B	USD	Point-in-time
Total liabilities	`Liabilities`	$1.26B	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, 228,206,823 shares issued and outstanding at June 30, 2019 and 228,246,247 shares issued and outstanding at December 31, 2018	`CommonStockValue`	$2.28M	USD	Point-in-time
Common stock, $0.01 par value, 500,000,000 shares authorized, 228,206,823 shares issued and outstanding at June 30, 2019 and 228,246,247 shares issued and outstanding at December 31, 2018	`CommonStockValue`	$2.28M	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapital`	$2.73B	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapital`	$2.72B	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$1.24B	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$1.18B	USD	Point-in-time
Cumulative dividends and distributions	`CumulativeDividends`	$1.44B	USD	Point-in-time
Cumulative dividends and distributions	`CumulativeDividends`	$1.47B	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$2.66B	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$2.69B	USD	Point-in-time
Noncontrolling interest in consolidated joint venture	`MinorityInterest`	$47.69M	USD	Point-in-time
Noncontrolling interest in consolidated joint venture	`MinorityInterest`	$48.50M	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.60B	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.58B	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.69B	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.74B	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.71B	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.71B	USD	Point-in-time
Total liabilities and equity	`LiabilitiesAndStockholdersEquity`	$3.93B	USD	Point-in-time
Total liabilities and equity	`LiabilitiesAndStockholdersEquity`	$3.97B	USD	Point-in-time

Income Statement 85 line items

Line Item	Tag	Value	Unit	Period
Total revenues	`Revenues`	$560.58M	USD	2 Qtrs
Total revenues	`Revenues`	$317.45M	USD	1 Quarter
Total revenues	`Revenues`	$588.89M	USD	2 Qtrs
Total revenues	`Revenues`	$302.90M	USD	1 Quarter
Advertising and promotion	`AdvertisingExpense`	$14.15M	USD	1 Quarter
Advertising and promotion	`AdvertisingExpense`	$14.32M	USD	1 Quarter
Advertising and promotion	`AdvertisingExpense`	$27.71M	USD	2 Qtrs
Advertising and promotion	`AdvertisingExpense`	$28.22M	USD	2 Qtrs
Repairs and Maintenance	`RepairsAndMaintenance`	$20.48M	USD	2 Qtrs
Repairs and Maintenance	`RepairsAndMaintenance`	$21.95M	USD	2 Qtrs
Repairs and Maintenance	`RepairsAndMaintenance`	$10.19M	USD	1 Quarter
Repairs and Maintenance	`RepairsAndMaintenance`	$10.85M	USD	1 Quarter
Utilities	`UtilitiesExpense`	$6.53M	USD	1 Quarter
Utilities	`UtilitiesExpense`	$6.97M	USD	1 Quarter
Utilities	`UtilitiesExpense`	$13.20M	USD	2 Qtrs
Utilities	`UtilitiesExpense`	$14.45M	USD	2 Qtrs
Franchise costs	`CostsOfFranchisedOutlets`	$8.58M	USD	1 Quarter
Franchise costs	`CostsOfFranchisedOutlets`	$9.96M	USD	1 Quarter
Franchise costs	`CostsOfFranchisedOutlets`	$15.42M	USD	2 Qtrs
Franchise costs	`CostsOfFranchisedOutlets`	$17.81M	USD	2 Qtrs
Property tax, ground lease and insurance	`OccupancyNet`	$21.51M	USD	1 Quarter
Property tax, ground lease and insurance	`OccupancyNet`	$43.29M	USD	2 Qtrs
Property tax, ground lease and insurance	`OccupancyNet`	$20.61M	USD	1 Quarter
Property tax, ground lease and insurance	`OccupancyNet`	$40.96M	USD	2 Qtrs
Other property-level expenses	`OtherCostAndExpenseOperating`	$69.42M	USD	2 Qtrs
Other property-level expenses	`OtherCostAndExpenseOperating`	$34.02M	USD	1 Quarter
Other property-level expenses	`OtherCostAndExpenseOperating`	$35.52M	USD	1 Quarter
Other property-level expenses	`OtherCostAndExpenseOperating`	$66.86M	USD	2 Qtrs
Corporate overhead	`GeneralAndAdministrativeExpense`	$8.08M	USD	1 Quarter
Corporate overhead	`GeneralAndAdministrativeExpense`	$7.59M	USD	1 Quarter
Corporate overhead	`GeneralAndAdministrativeExpense`	$15.59M	USD	2 Qtrs
Corporate overhead	`GeneralAndAdministrativeExpense`	$14.70M	USD	2 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$74.02M	USD	2 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$37.33M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$36.52M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$72.91M	USD	2 Qtrs
Impairment loss	`ImpairmentOfRealEstate`	$1.39M	USD	2 Qtrs
Impairment loss	`ImpairmentOfRealEstate`	$1.39M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$255.59M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$500.60M	USD	2 Qtrs
Total operating expenses	`OperatingExpenses`	$243.30M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$476.77M	USD	2 Qtrs
Interest and other income	`OtherNonoperatingIncome`	$2.97M	USD	1 Quarter
Interest and other income	`OtherNonoperatingIncome`	$4.81M	USD	1 Quarter
Interest and other income	`OtherNonoperatingIncome`	$9.73M	USD	2 Qtrs
Interest and other income	`OtherNonoperatingIncome`	$4.46M	USD	2 Qtrs
Interest expense	`InterestExpense`	$11.18M	USD	1 Quarter
Interest expense	`InterestExpense`	$15.82M	USD	1 Quarter
Interest expense	`InterestExpense`	$20.06M	USD	2 Qtrs
Interest expense	`InterestExpense`	$30.14M	USD	2 Qtrs
Gain on sale of assets	`DisposalGroupNotDiscontinuedOperationGainLossOnDisposal`	$15.66M	USD	2 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$63.40M	USD	2 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$48.59M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$53.64M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$88.35M	USD	2 Qtrs
Income tax (provision) benefit, net	`IncomeTaxExpenseBenefit`	$2.68M	USD	1 Quarter
Income tax (provision) benefit, net	`IncomeTaxExpenseBenefit`	$-1.36M	USD	2 Qtrs
Income tax (provision) benefit, net	`IncomeTaxExpenseBenefit`	$2.38M	USD	1 Quarter
Income tax (provision) benefit, net	`IncomeTaxExpenseBenefit`	$-436.00K	USD	2 Qtrs
NET INCOME	`ProfitLoss`	$38.45M	USD	1 Quarter
NET INCOME	`ProfitLoss`	$89.72M	USD	2 Qtrs
NET INCOME	`ProfitLoss`	$17.92M	USD	1 Quarter
NET INCOME	`ProfitLoss`	$51.26M	USD	1 Quarter
NET INCOME	`ProfitLoss`	$63.83M	USD	2 Qtrs
NET INCOME	`ProfitLoss`	$45.92M	USD	1 Quarter
Income from consolidated joint venture attributable to noncontrolling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$1.96M	USD	1 Quarter
Income from consolidated joint venture attributable to noncontrolling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$3.55M	USD	2 Qtrs
Income from consolidated joint venture attributable to noncontrolling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$2.37M	USD	1 Quarter
Income from consolidated joint venture attributable to noncontrolling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$4.81M	USD	2 Qtrs
Preferred stock dividends	`PreferredStockDividendsIncomeStatementImpact`	$3.21M	USD	1 Quarter
Preferred stock dividends	`PreferredStockDividendsIncomeStatementImpact`	$6.41M	USD	2 Qtrs
Preferred stock dividends	`PreferredStockDividendsIncomeStatementImpact`	$6.41M	USD	2 Qtrs
Preferred stock dividends	`PreferredStockDividendsIncomeStatementImpact`	$3.21M	USD	1 Quarter
INCOME ATTRIBUTABLE TO COMMON STOCKHOLDERS	`EarningsLossBeforeDistributedAndUndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic`	$40.76M	USD	1 Quarter
INCOME ATTRIBUTABLE TO COMMON STOCKHOLDERS	`EarningsLossBeforeDistributedAndUndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic`	$53.87M	USD	2 Qtrs
INCOME ATTRIBUTABLE TO COMMON STOCKHOLDERS	`EarningsLossBeforeDistributedAndUndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic`	$45.68M	USD	1 Quarter
INCOME ATTRIBUTABLE TO COMMON STOCKHOLDERS	`EarningsLossBeforeDistributedAndUndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic`	$78.49M	USD	2 Qtrs
Basic and diluted income attributable to common stockholders per common share (in dollars per share)	`EarningsPerShareBasicAndDiluted`	$0.35	USD	2 Qtrs
Basic and diluted income attributable to common stockholders per common share (in dollars per share)	`EarningsPerShareBasicAndDiluted`	$0.20	USD	1 Quarter
Basic and diluted income attributable to common stockholders per common share (in dollars per share)	`EarningsPerShareBasicAndDiluted`	$0.24	USD	2 Qtrs
Basic and diluted income 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`	225.23M	shares	1 Quarter
Basic and diluted weighted average common shares outstanding (in shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	227.39M	shares	1 Quarter
Basic and diluted weighted average common shares outstanding (in shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	227.31M	shares	2 Qtrs
Basic and diluted weighted average common shares outstanding (in shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	224.76M	shares	2 Qtrs

Cash Flow Statement 92 line items

Line Item	Tag	Value	Unit	Period
Net income	`ProfitLoss`	$38.45M	USD	1 Quarter
Net income	`ProfitLoss`	$89.72M	USD	2 Qtrs
Net income	`ProfitLoss`	$17.92M	USD	1 Quarter
Net income	`ProfitLoss`	$51.26M	USD	1 Quarter
Net income	`ProfitLoss`	$63.83M	USD	2 Qtrs
Net income	`ProfitLoss`	$45.92M	USD	1 Quarter
Bad debt expense	`ProvisionForDoubtfulAccounts`	$489.00K	USD	2 Qtrs
Bad debt expense	`ProvisionForDoubtfulAccounts`	$275.00K	USD	2 Qtrs
Gain on sale of assets	`GainLossOnDispositionOfAssets1`	$15.66M	USD	2 Qtrs
Noncash interest on derivatives and finance lease obligations, net	`NoncashInterestOnDerivativesAndCapitalLeaseObligations`	$3.63M	USD	1 Quarter
Noncash interest on derivatives and finance lease obligations, net	`NoncashInterestOnDerivativesAndCapitalLeaseObligations`	$-4.18M	USD	2 Qtrs
Noncash interest on derivatives and finance lease obligations, net	`NoncashInterestOnDerivativesAndCapitalLeaseObligations`	$-1.04M	USD	1 Quarter
Noncash interest on derivatives and finance lease obligations, net	`NoncashInterestOnDerivativesAndCapitalLeaseObligations`	$5.75M	USD	2 Qtrs
Depreciation	`Depreciation`	$72.85M	USD	2 Qtrs
Depreciation	`Depreciation`	$72.69M	USD	2 Qtrs
Amortization of franchise fees and other intangibles	`AmortizationOfIntangibleAssets`	$57.00K	USD	2 Qtrs
Amortization of franchise fees and other intangibles	`AmortizationOfIntangibleAssets`	$1.46M	USD	2 Qtrs
Amortization of right-of-use assets	`RightOfUseAssetsAmortization`	$-270.00K	USD	2 Qtrs
Amortization of deferred financing costs	`AmortizationOfFinancingCosts`	$1.40M	USD	2 Qtrs
Amortization of deferred financing costs	`AmortizationOfFinancingCosts`	$745.00K	USD	1 Quarter
Amortization of deferred financing costs	`AmortizationOfFinancingCosts`	$698.00K	USD	1 Quarter
Amortization of deferred financing costs	`AmortizationOfFinancingCosts`	$1.49M	USD	2 Qtrs
Amortization of deferred stock compensation	`ShareBasedCompensation`	$5.02M	USD	2 Qtrs
Amortization of deferred stock compensation	`ShareBasedCompensation`	$4.87M	USD	2 Qtrs
Impairment loss	`ImpairmentOfRealEstate`	$1.39M	USD	2 Qtrs
Impairment loss	`ImpairmentOfRealEstate`	$1.39M	USD	1 Quarter
Gain on hurricane-related damage	`InsuredEventGainLoss`	$1.10M	USD	2 Qtrs
Deferred income taxes, net	`DeferredIncomeTaxesAndTaxCredits`	$-636.00K	USD	2 Qtrs
Deferred income taxes, net	`DeferredIncomeTaxesAndTaxCredits`	$-1.82M	USD	2 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$14.67M	USD	2 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$12.29M	USD	2 Qtrs
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-4.58M	USD	2 Qtrs
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$303.00K	USD	2 Qtrs
Accounts payable and other liabilities	`IncreaseDecreaseInAccountsPayableAndOtherOperatingLiabilities`	$12.25M	USD	2 Qtrs
Accounts payable and other liabilities	`IncreaseDecreaseInAccountsPayableAndOtherOperatingLiabilities`	$2.49M	USD	2 Qtrs
Accrued payroll and employee benefits	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$-5.75M	USD	2 Qtrs
Accrued payroll and employee benefits	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$-4.63M	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$143.25M	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$136.05M	USD	2 Qtrs
Proceeds from sales of assets	`ProceedsFromSalesOfAssetsInvestingActivities`	$137.04M	USD	2 Qtrs
Proceeds From property insurance	`ProceedsFromInsuranceSettlementInvestingActivities`	$1.10M	USD	2 Qtrs
Acquisition deposit	`PaymentsForDepositsOnRealEstateAcquisitions`	$500.00K	USD	2 Qtrs
Acquisitions of hotel property and other assets	`PaymentsToAcquireCommercialRealEstate`	$193.00K	USD	2 Qtrs
Acquisitions of intangible assets	`PaymentsToAcquireIntangibleAssets`	$18.48M	USD	2 Qtrs
Renovations and additions to hotel properties and other assets	`PaymentsForCapitalImprovements`	$52.73M	USD	2 Qtrs
Renovations and additions to hotel properties and other assets	`PaymentsForCapitalImprovements`	$87.14M	USD	2 Qtrs
Net cash (used in) provided by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-52.93M	USD	2 Qtrs
Net cash (used in) provided by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$32.01M	USD	2 Qtrs
Proceeds from common stock offerings	`ProceedsFromIssuanceOfCommonStock`	$45.12M	USD	2 Qtrs
Payment of common stock offering costs	`PaymentsOfStockIssuanceCosts`	$784.00K	USD	2 Qtrs
Repurchases of outstanding common stock	`PaymentsForRepurchaseOfCommonStock`	$5.74M	USD	2 Qtrs
Repurchase of common stock for employee withholding obligations	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$4.43M	USD	2 Qtrs
Repurchase of common stock for employee withholding obligations	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$4.23M	USD	2 Qtrs
Payments on notes payable	`RepaymentsOfDebt`	$3.79M	USD	2 Qtrs
Payments on notes payable	`RepaymentsOfDebt`	$3.76M	USD	2 Qtrs
Payments of deferred financing costs	`PaymentsOfFinancingCosts`	$5.00K	USD	2 Qtrs
Dividends and distributions paid	`PaymentsOfDividends`	$148.38M	USD	2 Qtrs
Dividends and distributions paid	`PaymentsOfDividends`	$141.10M	USD	2 Qtrs
Distributions to noncontrolling interest	`PaymentsToMinorityShareholders`	$2.74M	USD	2 Qtrs
Distributions to noncontrolling interest	`PaymentsToMinorityShareholders`	$2.64M	USD	2 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-114.69M	USD	2 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-157.79M	USD	2 Qtrs
Net (decrease) increase in cash and cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-74.67M	USD	2 Qtrs
Net (decrease) increase in cash and cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$60.58M	USD	2 Qtrs
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`	$619.89M	USD	Point-in-time
Cash and cash equivalents and restricted cash, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$862.37M	USD	Point-in-time
Cash and cash equivalents and restricted cash, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$787.70M	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`	$619.89M	USD	Point-in-time
Cash and cash equivalents and restricted cash, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$862.37M	USD	Point-in-time
Cash and cash equivalents and restricted cash, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$787.70M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$809.32M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$741.50M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$544.90M	USD	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalentsAtCarryingValue`	$53.05M	USD	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalentsAtCarryingValue`	$74.99M	USD	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalentsAtCarryingValue`	$46.20M	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`	$619.89M	USD	Point-in-time
Cash and cash equivalents and restricted cash, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$862.37M	USD	Point-in-time
Cash and cash equivalents and restricted cash, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$787.70M	USD	Point-in-time
Cash paid for interest	`InterestPaidNet`	$22.89M	USD	2 Qtrs
Cash paid for interest	`InterestPaidNet`	$22.14M	USD	2 Qtrs
Cash paid for income taxes, net	`IncomeTaxesPaid`	$242.00K	USD	2 Qtrs
Cash paid for income taxes, net	`IncomeTaxesPaid`	$272.00K	USD	2 Qtrs
Accrued renovations and additions to hotel properties and other assets	`CapitalExpendituresIncurredButNotYetPaid`	$13.20M	USD	2 Qtrs
Accrued renovations and additions to hotel properties and other assets	`CapitalExpendituresIncurredButNotYetPaid`	$8.98M	USD	2 Qtrs
Amortization of deferred stock compensation - construction activities	`EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount`	$201.00K	USD	2 Qtrs
Amortization of deferred stock compensation - construction activities	`EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount`	$214.00K	USD	2 Qtrs
Dividends and distributions payable	`DividendsPayableCurrentAndNoncurrent`	$14.62M	USD	Point-in-time
Dividends and distributions payable	`DividendsPayableCurrentAndNoncurrent`	$14.62M	USD	Point-in-time

Stockholders Equity 38 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
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`	$2.60B	USD	Point-in-time
Beginning Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.58B	USD	Point-in-time
Beginning Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.69B	USD	Point-in-time
Beginning Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.74B	USD	Point-in-time
Beginning Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.71B	USD	Point-in-time
Beginning Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.71B	USD	Point-in-time
Amortization of deferred stock compensation	`AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationRestrictedStockUnitsRequisiteServicePeriodRecognition`	$2.97M	USD	1 Quarter
Amortization of deferred stock compensation	`AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationRestrictedStockUnitsRequisiteServicePeriodRecognition`	$2.11M	USD	1 Quarter
Amortization of deferred stock compensation	`AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationRestrictedStockUnitsRequisiteServicePeriodRecognition`	$2.22M	USD	1 Quarter
Amortization of deferred stock compensation	`AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationRestrictedStockUnitsRequisiteServicePeriodRecognition`	$3.00M	USD	1 Quarter
Issuance of restricted common stock, net	`RestrictedStockValueSharesIssuedNetOfTaxWithholdings`	$-4.43M	USD	1 Quarter
Issuance of restricted common stock, net	`RestrictedStockValueSharesIssuedNetOfTaxWithholdings`	$-4.23M	USD	1 Quarter
Repurchase of outstanding common stock	`StockRepurchasedDuringPeriodValue`	$5.74M	USD	1 Quarter
Common stock distributions and distributions payable	`DividendsCommonStockCash`	$11.41M	USD	1 Quarter
Common stock distributions and distributions payable	`DividendsCommonStockCash`	$11.28M	USD	1 Quarter
Common stock distributions and distributions payable	`DividendsCommonStockCash`	$11.43M	USD	1 Quarter
Common stock distributions and distributions payable	`DividendsCommonStockCash`	$11.41M	USD	1 Quarter
Distributions to noncontrolling interest	`MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders`	$1.48M	USD	1 Quarter
Distributions to noncontrolling interest	`MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders`	$788.00K	USD	1 Quarter
Distributions to noncontrolling interest	`MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders`	$1.17M	USD	1 Quarter
Distributions to noncontrolling interest	`MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders`	$1.95M	USD	1 Quarter
Net proceeds from sale of common stock	`StockIssuedDuringPeriodValueNewIssues`	$44.34M	USD	1 Quarter
Net income	`ProfitLoss`	$38.45M	USD	1 Quarter
Net income	`ProfitLoss`	$89.72M	USD	2 Qtrs
Net income	`ProfitLoss`	$17.92M	USD	1 Quarter
Net income	`ProfitLoss`	$51.26M	USD	1 Quarter
Net income	`ProfitLoss`	$63.83M	USD	2 Qtrs
Net income	`ProfitLoss`	$45.92M	USD	1 Quarter
Ending Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.60B	USD	Point-in-time
Ending Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.58B	USD	Point-in-time
Ending Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.69B	USD	Point-in-time
Ending Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.74B	USD	Point-in-time
Ending Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.71B	USD	Point-in-time
Ending Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.71B	USD	Point-in-time

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