10-Q Filing

SUNSTONE HOTEL INVESTORS, INC. CIK: 1295810 Q3 2019

Filing Information

Form Type	10-Q
Accession Number	`0001558370-19-009930`
Period End Date	20190930
Filing Date	20191105
Fiscal Year	2019
Fiscal Period	Q3
XBRL Instance	sho-20190930x10q863ce5_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 83 Income Statement 87 Cash Flow Statement 97 Stockholders Equity 53

Balance Sheet 83 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`	$730.04M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$650.69M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$809.32M	USD	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalentsAtCarryingValue`	$68.79M	USD	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalentsAtCarryingValue`	$46.21M	USD	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalentsAtCarryingValue`	$53.05M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$33.84M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$44.02M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$12.26M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$14.36M	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
Assets held for sale, net	`AssetsOfDisposalGroupIncludingDiscontinuedOperationCurrent`	$18.48M	USD	Point-in-time
Common stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	500.00M	shares	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	224.86M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$908.47M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$853.11M	USD	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	228.25M	shares	Point-in-time
Investment in hotel properties, net	`RealEstateInvestmentPropertyNet`	$2.91B	USD	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	228.25M	shares	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	224.86M	shares	Point-in-time
Investment in hotel properties, net	`RealEstateInvestmentPropertyNet`	$3.03B	USD	Point-in-time
Finance lease right-of-use asset, net	`FinanceLeaseRightOfUseAsset`	$48.02M	USD	Point-in-time
Finance lease right-of-use asset, net	`FinanceLeaseRightOfUseAsset`	$55.73M	USD	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`	$61.51M	USD	Point-in-time
Deferred financing costs, net	`DebtIssuanceCostsLineOfCreditArrangementsNet`	$2.92M	USD	Point-in-time
Deferred financing costs, net	`DebtIssuanceCostsLineOfCreditArrangementsNet`	$3.54M	USD	Point-in-time
Other assets, net	`OtherAssetsNoncurrent`	$29.82M	USD	Point-in-time
Other assets, net	`OtherAssetsNoncurrent`	$22.42M	USD	Point-in-time
Total assets	`Assets`	$3.90B	USD	Point-in-time
Total assets	`Assets`	$3.97B	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndOtherAccruedLiabilitiesCurrent`	$30.43M	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndOtherAccruedLiabilitiesCurrent`	$33.14M	USD	Point-in-time
Accrued payroll and employee benefits	`EmployeeRelatedLiabilitiesCurrent`	$21.37M	USD	Point-in-time
Accrued payroll and employee benefits	`EmployeeRelatedLiabilitiesCurrent`	$25.04M	USD	Point-in-time
Dividends and distributions payable	`DividendsPayableCurrent`	$14.45M	USD	Point-in-time
Dividends and distributions payable	`DividendsPayableCurrent`	$126.46M	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$45.84M	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$44.96M	USD	Point-in-time
Current portion of notes payable, net	`LongTermDebtCurrent`	$6.27M	USD	Point-in-time
Current portion of notes payable, net	`LongTermDebtCurrent`	$5.84M	USD	Point-in-time
Liabilities of assets held for sale	`LiabilitiesOfDisposalGroupIncludingDiscontinuedOperationCurrent`	$12.45M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$232.72M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$133.52M	USD	Point-in-time
Notes payable, less current portion, net	`LongTermDebtNoncurrent`	$971.23M	USD	Point-in-time
Notes payable, less current portion, net	`LongTermDebtNoncurrent`	$966.50M	USD	Point-in-time
Finance lease obligation, less current portion	`FinanceLeaseLiabilityNoncurrent`	$15.57M	USD	Point-in-time
Finance lease obligation, less current portion	`FinanceLeaseLiabilityNoncurrent`	$27.01M	USD	Point-in-time
Operating lease obligations, less current portion	`OperatingLeaseLiabilityNoncurrent`	$50.91M	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$30.70M	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$19.82M	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 12)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies (Note 12)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Common stock, $0.01 par value, 500,000,000 shares authorized, 224,861,978 shares issued and outstanding at September 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, 224,861,978 shares issued and outstanding at September 30, 2019 and 228,246,247 shares issued and outstanding at December 31, 2018	`CommonStockValue`	$2.25M	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapital`	$2.68B	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapital`	$2.73B	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$1.27B	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$1.18B	USD	Point-in-time
Cumulative dividends and distributions	`CumulativeDividends`	$1.48B	USD	Point-in-time
Cumulative dividends and distributions	`CumulativeDividends`	$1.44B	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$2.66B	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$2.66B	USD	Point-in-time
Noncontrolling interest in consolidated joint venture	`MinorityInterest`	$47.69M	USD	Point-in-time
Noncontrolling interest in consolidated joint venture	`MinorityInterest`	$48.38M	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.71B	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.58B	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.76B	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.74B	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.60B	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.69B	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`	$3.97B	USD	Point-in-time
Total liabilities and equity	`LiabilitiesAndStockholdersEquity`	$3.90B	USD	Point-in-time

Income Statement 87 line items

Line Item	Tag	Value	Unit	Period
Total revenues	`Revenues`	$878.20M	USD	3 Qtrs
Total revenues	`Revenues`	$842.22M	USD	3 Qtrs
Total revenues	`Revenues`	$281.64M	USD	1 Quarter
Total revenues	`Revenues`	$289.31M	USD	1 Quarter
Advertising and promotion	`AdvertisingExpense`	$13.59M	USD	1 Quarter
Advertising and promotion	`AdvertisingExpense`	$41.00M	USD	3 Qtrs
Advertising and promotion	`AdvertisingExpense`	$13.29M	USD	1 Quarter
Advertising and promotion	`AdvertisingExpense`	$41.81M	USD	3 Qtrs
Repairs and Maintenance	`RepairsAndMaintenance`	$31.11M	USD	3 Qtrs
Repairs and Maintenance	`RepairsAndMaintenance`	$10.63M	USD	1 Quarter
Repairs and Maintenance	`RepairsAndMaintenance`	$32.48M	USD	3 Qtrs
Repairs and Maintenance	`RepairsAndMaintenance`	$10.53M	USD	1 Quarter
Utilities	`UtilitiesExpense`	$20.66M	USD	3 Qtrs
Utilities	`UtilitiesExpense`	$7.46M	USD	1 Quarter
Utilities	`UtilitiesExpense`	$8.08M	USD	1 Quarter
Utilities	`UtilitiesExpense`	$22.53M	USD	3 Qtrs
Franchise costs	`CostsOfFranchisedOutlets`	$9.17M	USD	1 Quarter
Franchise costs	`CostsOfFranchisedOutlets`	$26.98M	USD	3 Qtrs
Franchise costs	`CostsOfFranchisedOutlets`	$8.61M	USD	1 Quarter
Franchise costs	`CostsOfFranchisedOutlets`	$24.02M	USD	3 Qtrs
Property tax, ground lease and insurance	`OccupancyNet`	$63.66M	USD	3 Qtrs
Property tax, ground lease and insurance	`OccupancyNet`	$20.37M	USD	1 Quarter
Property tax, ground lease and insurance	`OccupancyNet`	$62.84M	USD	3 Qtrs
Property tax, ground lease and insurance	`OccupancyNet`	$21.88M	USD	1 Quarter
Other property-level expenses	`OtherCostAndExpenseOperating`	$101.00M	USD	3 Qtrs
Other property-level expenses	`OtherCostAndExpenseOperating`	$97.77M	USD	3 Qtrs
Other property-level expenses	`OtherCostAndExpenseOperating`	$31.58M	USD	1 Quarter
Other property-level expenses	`OtherCostAndExpenseOperating`	$30.91M	USD	1 Quarter
Corporate overhead	`GeneralAndAdministrativeExpense`	$22.06M	USD	3 Qtrs
Corporate overhead	`GeneralAndAdministrativeExpense`	$22.99M	USD	3 Qtrs
Corporate overhead	`GeneralAndAdministrativeExpense`	$7.36M	USD	1 Quarter
Corporate overhead	`GeneralAndAdministrativeExpense`	$7.39M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$110.48M	USD	3 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$110.18M	USD	3 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$36.16M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$37.57M	USD	1 Quarter
Impairment loss	`ImpairmentOfRealEstate`	$1.39M	USD	3 Qtrs
Total operating expenses	`OperatingExpenses`	$239.35M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$241.22M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$741.82M	USD	3 Qtrs
Total operating expenses	`OperatingExpenses`	$716.12M	USD	3 Qtrs
Interest and other income	`OtherNonoperatingIncome`	$3.76M	USD	1 Quarter
Interest and other income	`OtherNonoperatingIncome`	$2.59M	USD	1 Quarter
Interest and other income	`OtherNonoperatingIncome`	$7.05M	USD	3 Qtrs
Interest and other income	`OtherNonoperatingIncome`	$13.50M	USD	3 Qtrs
Interest expense	`InterestExpense`	$11.55M	USD	1 Quarter
Interest expense	`InterestExpense`	$43.40M	USD	3 Qtrs
Interest expense	`InterestExpense`	$13.26M	USD	1 Quarter
Interest expense	`InterestExpense`	$31.61M	USD	3 Qtrs
Gain on sale of assets	`DisposalGroupNotDiscontinuedOperationGainLossOnDisposal`	$53.13M	USD	1 Quarter
Gain on sale of assets	`DisposalGroupNotDiscontinuedOperationGainLossOnDisposal`	$68.79M	USD	3 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$92.26M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$32.80M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$180.61M	USD	3 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$96.19M	USD	3 Qtrs
Income tax benefit (provision), net	`IncomeTaxExpenseBenefit`	$-1.19M	USD	3 Qtrs
Income tax benefit (provision), net	`IncomeTaxExpenseBenefit`	$673.00K	USD	1 Quarter
Income tax benefit (provision), net	`IncomeTaxExpenseBenefit`	$-692.00K	USD	3 Qtrs
Income tax benefit (provision), net	`IncomeTaxExpenseBenefit`	$-749.00K	USD	1 Quarter
NET INCOME	`ProfitLoss`	$97.38M	USD	3 Qtrs
NET INCOME	`ProfitLoss`	$45.92M	USD	1 Quarter
NET INCOME	`ProfitLoss`	$51.26M	USD	1 Quarter
NET INCOME	`ProfitLoss`	$33.55M	USD	1 Quarter
NET INCOME	`ProfitLoss`	$17.92M	USD	1 Quarter
NET INCOME	`ProfitLoss`	$91.59M	USD	1 Quarter
NET INCOME	`ProfitLoss`	$181.30M	USD	3 Qtrs
NET INCOME	`ProfitLoss`	$38.45M	USD	1 Quarter
Income from consolidated joint venture attributable to noncontrolling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$6.06M	USD	3 Qtrs
Income from consolidated joint venture attributable to noncontrolling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$7.19M	USD	3 Qtrs
Income from consolidated joint venture attributable to noncontrolling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$2.51M	USD	1 Quarter
Income from consolidated joint venture attributable to noncontrolling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$2.38M	USD	1 Quarter
Preferred stock dividends	`PreferredStockDividendsIncomeStatementImpact`	$3.21M	USD	1 Quarter
Preferred stock dividends	`PreferredStockDividendsIncomeStatementImpact`	$3.21M	USD	1 Quarter
Preferred stock dividends	`PreferredStockDividendsIncomeStatementImpact`	$9.62M	USD	3 Qtrs
Preferred stock dividends	`PreferredStockDividendsIncomeStatementImpact`	$9.62M	USD	3 Qtrs
INCOME ATTRIBUTABLE TO COMMON STOCKHOLDERS	`EarningsLossBeforeDistributedAndUndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic`	$86.00M	USD	1 Quarter
INCOME ATTRIBUTABLE TO COMMON STOCKHOLDERS	`EarningsLossBeforeDistributedAndUndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic`	$164.49M	USD	3 Qtrs
INCOME ATTRIBUTABLE TO COMMON STOCKHOLDERS	`EarningsLossBeforeDistributedAndUndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic`	$27.83M	USD	1 Quarter
INCOME ATTRIBUTABLE TO COMMON STOCKHOLDERS	`EarningsLossBeforeDistributedAndUndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic`	$81.69M	USD	3 Qtrs
Basic and diluted income attributable to common stockholders per common share (in dollars per share)	`EarningsPerShareBasicAndDiluted`	$0.73	USD	3 Qtrs
Basic and diluted income attributable to common stockholders per common share (in dollars per share)	`EarningsPerShareBasicAndDiluted`	$0.36	USD	3 Qtrs
Basic and diluted income attributable to common stockholders per common share (in dollars per share)	`EarningsPerShareBasicAndDiluted`	$0.12	USD	1 Quarter
Basic and diluted income attributable to common stockholders per common share (in dollars per share)	`EarningsPerShareBasicAndDiluted`	$0.38	USD	1 Quarter
Basic and diluted weighted average common shares outstanding (in shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	227.07M	shares	1 Quarter
Basic and diluted weighted average common shares outstanding (in shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	224.53M	shares	1 Quarter
Basic and diluted weighted average common shares outstanding (in shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	226.37M	shares	3 Qtrs
Basic and diluted weighted average common shares outstanding (in shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	225.54M	shares	3 Qtrs

Cash Flow Statement 97 line items

Line Item	Tag	Value	Unit	Period
Net income	`ProfitLoss`	$97.38M	USD	3 Qtrs
Net income	`ProfitLoss`	$45.92M	USD	1 Quarter
Net income	`ProfitLoss`	$51.26M	USD	1 Quarter
Net income	`ProfitLoss`	$33.55M	USD	1 Quarter
Net income	`ProfitLoss`	$17.92M	USD	1 Quarter
Net income	`ProfitLoss`	$91.59M	USD	1 Quarter
Net income	`ProfitLoss`	$181.30M	USD	3 Qtrs
Net income	`ProfitLoss`	$38.45M	USD	1 Quarter
Bad debt expense	`ProvisionForDoubtfulAccounts`	$682.00K	USD	3 Qtrs
Bad debt expense	`ProvisionForDoubtfulAccounts`	$405.00K	USD	3 Qtrs
Gain on sale of assets	`GainLossOnDispositionOfAssets1`	$68.74M	USD	3 Qtrs
Noncash interest on derivatives and finance lease obligations, net	`NoncashInterestOnDerivativesAndCapitalLeaseObligations`	$1.16M	USD	1 Quarter
Noncash interest on derivatives and finance lease obligations, net	`NoncashInterestOnDerivativesAndCapitalLeaseObligations`	$-818.00K	USD	1 Quarter
Noncash interest on derivatives and finance lease obligations, net	`NoncashInterestOnDerivativesAndCapitalLeaseObligations`	$6.91M	USD	3 Qtrs
Noncash interest on derivatives and finance lease obligations, net	`NoncashInterestOnDerivativesAndCapitalLeaseObligations`	$-5.00M	USD	3 Qtrs
Depreciation	`Depreciation`	$108.74M	USD	3 Qtrs
Depreciation	`Depreciation`	$110.42M	USD	3 Qtrs
Amortization of franchise fees and other intangibles	`AmortizationOfIntangibleAssets`	$68.00K	USD	3 Qtrs
Amortization of franchise fees and other intangibles	`AmortizationOfIntangibleAssets`	$1.47M	USD	3 Qtrs
Amortization of right-of-use assets	`RightOfUseAssetsAmortization`	$-523.00K	USD	3 Qtrs
Amortization of deferred financing costs	`AmortizationOfFinancingCosts`	$748.00K	USD	1 Quarter
Amortization of deferred financing costs	`AmortizationOfFinancingCosts`	$698.00K	USD	1 Quarter
Amortization of deferred financing costs	`AmortizationOfFinancingCosts`	$2.09M	USD	3 Qtrs
Amortization of deferred financing costs	`AmortizationOfFinancingCosts`	$2.24M	USD	3 Qtrs
Amortization of deferred stock compensation	`ShareBasedCompensation`	$6.94M	USD	3 Qtrs
Amortization of deferred stock compensation	`ShareBasedCompensation`	$7.17M	USD	3 Qtrs
Impairment loss	`ImpairmentOfRealEstate`	$1.39M	USD	3 Qtrs
Gain on hurricane-related damage	`InsuredEventGainLoss`	$1.10M	USD	3 Qtrs
Deferred income taxes, net	`DeferredIncomeTaxesAndTaxCredits`	$-246.00K	USD	3 Qtrs
Deferred income taxes, net	`DeferredIncomeTaxesAndTaxCredits`	$-1.10M	USD	3 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$10.45M	USD	3 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$10.70M	USD	3 Qtrs
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-823.00K	USD	3 Qtrs
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$1.74M	USD	3 Qtrs
Accounts payable and other liabilities	`IncreaseDecreaseInAccountsPayableAndOtherOperatingLiabilities`	$2.45M	USD	3 Qtrs
Accounts payable and other liabilities	`IncreaseDecreaseInAccountsPayableAndOtherOperatingLiabilities`	$6.93M	USD	3 Qtrs
Accrued payroll and employee benefits	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$-4.60M	USD	3 Qtrs
Accrued payroll and employee benefits	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$-3.04M	USD	3 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$210.63M	USD	3 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$219.54M	USD	3 Qtrs
Proceeds from sales of assets	`ProceedsFromSalesOfAssetsInvestingActivities`	$231.08M	USD	3 Qtrs
Disposition deposit	`ProceedsFromDepositsOnRealEstateSales`	$3.00M	USD	3 Qtrs
Proceeds from property insurance	`ProceedsFromInsuranceSettlementInvestingActivities`	$1.10M	USD	3 Qtrs
Acquisitions of hotel property and other assets	`PaymentsToAcquireCommercialRealEstate`	$15.15M	USD	3 Qtrs
Acquisitions of hotel property and other assets	`PaymentsToAcquireCommercialRealEstate`	$193.00K	USD	3 Qtrs
Acquisitions of intangible assets	`PaymentsToAcquireIntangibleAssets`	$18.52M	USD	3 Qtrs
Renovations and additions to hotel properties and other assets	`PaymentsForCapitalImprovements`	$75.28M	USD	3 Qtrs
Renovations and additions to hotel properties and other assets	`PaymentsForCapitalImprovements`	$125.85M	USD	3 Qtrs
Net cash (used in) provided by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-75.47M	USD	3 Qtrs
Net cash (used in) provided by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$75.67M	USD	3 Qtrs
Proceeds from common stock offerings	`ProceedsFromIssuanceOfCommonStock`	$45.12M	USD	3 Qtrs
Payment of common stock offering costs	`PaymentsOfStockIssuanceCosts`	$784.00K	USD	3 Qtrs
Repurchases of outstanding common stock	`PaymentsForRepurchaseOfCommonStock`	$50.00M	USD	3 Qtrs
Repurchase of common stock for employee withholding obligations	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$4.23M	USD	3 Qtrs
Repurchase of common stock for employee withholding obligations	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$4.43M	USD	3 Qtrs
Payments on notes payable	`RepaymentsOfDebt`	$5.77M	USD	3 Qtrs
Payments on notes payable	`RepaymentsOfDebt`	$5.49M	USD	3 Qtrs
Payments of deferred financing costs	`PaymentsOfFinancingCosts`	$5.00K	USD	3 Qtrs
Dividends and distributions paid	`PaymentsOfDividends`	$163.00M	USD	3 Qtrs
Dividends and distributions paid	`PaymentsOfDividends`	$155.72M	USD	3 Qtrs
Distributions to noncontrolling interest	`PaymentsToMinorityShareholders`	$6.64M	USD	3 Qtrs
Distributions to noncontrolling interest	`PaymentsToMinorityShareholders`	$5.36M	USD	3 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-135.03M	USD	3 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-221.28M	USD	3 Qtrs
Net (decrease) increase in cash and cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$160.17M	USD	3 Qtrs
Net (decrease) increase in cash and cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-86.12M	USD	3 Qtrs
Cash and cash equivalents and restricted cash, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$776.25M	USD	Point-in-time
Cash and cash equivalents and restricted cash, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$719.49M	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`	$862.37M	USD	Point-in-time
Cash and cash equivalents and restricted cash, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$719.49M	USD	Point-in-time
Cash and cash equivalents and restricted cash, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$776.25M	USD	Point-in-time
Cash and cash equivalents and restricted cash, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$719.49M	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`	$862.37M	USD	Point-in-time
Cash and cash equivalents and restricted cash, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$719.49M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$730.04M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$650.69M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$809.32M	USD	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalentsAtCarryingValue`	$68.79M	USD	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalentsAtCarryingValue`	$46.21M	USD	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalentsAtCarryingValue`	$53.05M	USD	Point-in-time
Cash and cash equivalents and restricted cash, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$776.25M	USD	Point-in-time
Cash and cash equivalents and restricted cash, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$719.49M	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`	$862.37M	USD	Point-in-time
Cash and cash equivalents and restricted cash, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$719.49M	USD	Point-in-time
Cash paid for interest	`InterestPaidNet`	$36.40M	USD	3 Qtrs
Cash paid for interest	`InterestPaidNet`	$36.70M	USD	3 Qtrs
Cash paid for income taxes, net	`IncomeTaxesPaid`	$354.00K	USD	3 Qtrs
Cash paid for income taxes, net	`IncomeTaxesPaid`	$571.00K	USD	3 Qtrs
Accrued renovations and additions to hotel properties and other assets	`CapitalExpendituresIncurredButNotYetPaid`	$13.63M	USD	3 Qtrs
Accrued renovations and additions to hotel properties and other assets	`CapitalExpendituresIncurredButNotYetPaid`	$8.15M	USD	3 Qtrs
Amortization of deferred stock compensation - construction activities	`EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount`	$284.00K	USD	3 Qtrs
Amortization of deferred stock compensation - construction activities	`EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount`	$304.00K	USD	3 Qtrs
Dividends and distributions payable	`DividendsPayableCurrentAndNoncurrent`	$14.62M	USD	Point-in-time
Dividends and distributions payable	`DividendsPayableCurrentAndNoncurrent`	$14.45M	USD	Point-in-time

Stockholders Equity 53 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
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`	$2.71B	USD	Point-in-time
Beginning Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.58B	USD	Point-in-time
Beginning Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.76B	USD	Point-in-time
Beginning Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.74B	USD	Point-in-time
Beginning Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.60B	USD	Point-in-time
Beginning Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.69B	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`	$3.00M	USD	1 Quarter
Amortization of deferred stock compensation	`AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationRestrictedStockUnitsRequisiteServicePeriodRecognition`	$2.22M	USD	1 Quarter
Amortization of deferred stock compensation	`AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationRestrictedStockUnitsRequisiteServicePeriodRecognition`	$2.14M	USD	1 Quarter
Amortization of deferred stock compensation	`AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationRestrictedStockUnitsRequisiteServicePeriodRecognition`	$2.25M	USD	1 Quarter
Amortization of deferred stock compensation	`AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationRestrictedStockUnitsRequisiteServicePeriodRecognition`	$2.11M	USD	1 Quarter
Issuance of restricted common stock, net	`RestrictedStockValueSharesIssuedNetOfTaxWithholdings`	$-4.23M	USD	1 Quarter
Issuance of restricted common stock, net	`RestrictedStockValueSharesIssuedNetOfTaxWithholdings`	$-4.43M	USD	1 Quarter
Repurchase of outstanding common stock	`StockRepurchasedDuringPeriodValue`	$44.27M	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`	$11.41M	USD	1 Quarter
Common stock distributions and distributions payable	`DividendsCommonStockCash`	$11.41M	USD	1 Quarter
Common stock distributions and distributions payable	`DividendsCommonStockCash`	$11.43M	USD	1 Quarter
Common stock distributions and distributions payable	`DividendsCommonStockCash`	$11.28M	USD	1 Quarter
Common stock distributions and distributions payable	`DividendsCommonStockCash`	$11.24M	USD	1 Quarter
Distributions to noncontrolling interest	`MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders`	$788.00K	USD	1 Quarter
Distributions to noncontrolling interest	`MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders`	$4.00M	USD	1 Quarter
Distributions to noncontrolling interest	`MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders`	$1.17M	USD	1 Quarter
Distributions to noncontrolling interest	`MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders`	$1.95M	USD	1 Quarter
Distributions to noncontrolling interest	`MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders`	$2.62M	USD	1 Quarter
Distributions to noncontrolling interest	`MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders`	$1.48M	USD	1 Quarter
Net proceeds from sale of common stock	`StockIssuedDuringPeriodValueNewIssues`	$44.34M	USD	1 Quarter
Net income	`ProfitLoss`	$97.38M	USD	3 Qtrs
Net income	`ProfitLoss`	$45.92M	USD	1 Quarter
Net income	`ProfitLoss`	$51.26M	USD	1 Quarter
Net income	`ProfitLoss`	$33.55M	USD	1 Quarter
Net income	`ProfitLoss`	$17.92M	USD	1 Quarter
Net income	`ProfitLoss`	$91.59M	USD	1 Quarter
Net income	`ProfitLoss`	$181.30M	USD	3 Qtrs
Net income	`ProfitLoss`	$38.45M	USD	1 Quarter
Ending Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.71B	USD	Point-in-time
Ending Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.58B	USD	Point-in-time
Ending Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.76B	USD	Point-in-time
Ending Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.74B	USD	Point-in-time
Ending Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.60B	USD	Point-in-time
Ending Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.69B	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.