10-Q Filing

SUNSTONE HOTEL INVESTORS, INC. CIK: 1295810 Q2 2020

Filing Information

Form Type	10-Q
Accession Number	`0001558370-20-009321`
Period End Date	20200630
Filing Date	20200805
Fiscal Year	2020
Fiscal Period	Q2
XBRL Instance	sho-20200630x10q_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 81 Income Statement 84 Cash Flow Statement 92 Stockholders Equity 35

Balance Sheet 81 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`	$540.42M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$741.50M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$816.86M	USD	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalentsAtCarryingValue`	$45.96M	USD	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalentsAtCarryingValue`	$46.20M	USD	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalentsAtCarryingValue`	$48.12M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$35.21M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$4.45M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$13.55M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$8.03M	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
Common stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	500.00M	shares	Point-in-time
Assets held for sale	`AssetsOfDisposalGroupIncludingDiscontinuedOperationCurrent`	$76.68M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$913.73M	USD	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	215.64M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$675.54M	USD	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	224.86M	shares	Point-in-time
Investment in hotel properties, net	`RealEstateInvestmentPropertyNet`	$2.65B	USD	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	224.86M	shares	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	215.64M	shares	Point-in-time
Investment in hotel properties, net	`RealEstateInvestmentPropertyNet`	$2.87B	USD	Point-in-time
Finance lease right-of-use asset, net	`FinanceLeaseRightOfUseAsset`	$46.92M	USD	Point-in-time
Finance lease right-of-use asset, net	`FinanceLeaseRightOfUseAsset`	$47.65M	USD	Point-in-time
Operating lease right-of-use assets, net	`OperatingLeaseRightOfUseAsset`	$60.63M	USD	Point-in-time
Operating lease right-of-use assets, net	`OperatingLeaseRightOfUseAsset`	$40.35M	USD	Point-in-time
Deferred financing costs, net	`DebtIssuanceCostsLineOfCreditArrangementsNet`	$2.31M	USD	Point-in-time
Deferred financing costs, net	`DebtIssuanceCostsLineOfCreditArrangementsNet`	$2.72M	USD	Point-in-time
Other assets, net	`OtherAssetsNoncurrent`	$21.89M	USD	Point-in-time
Other assets, net	`OtherAssetsNoncurrent`	$13.11M	USD	Point-in-time
Total assets	`Assets`	$3.42B	USD	Point-in-time
Total assets	`Assets`	$3.92B	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndOtherAccruedLiabilitiesCurrent`	$35.61M	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndOtherAccruedLiabilitiesCurrent`	$42.58M	USD	Point-in-time
Accrued payroll and employee benefits	`EmployeeRelatedLiabilitiesCurrent`	$14.85M	USD	Point-in-time
Accrued payroll and employee benefits	`EmployeeRelatedLiabilitiesCurrent`	$25.00M	USD	Point-in-time
Dividends and distributions payable	`DividendsPayableCurrent`	$135.87M	USD	Point-in-time
Dividends and distributions payable	`DividendsPayableCurrent`	$3.21M	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$36.50M	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$46.95M	USD	Point-in-time
Current portion of notes payable, net	`LongTermDebtCurrent`	$82.11M	USD	Point-in-time
Current portion of notes payable, net	`LongTermDebtCurrent`	$188.76M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$325.55M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$285.89M	USD	Point-in-time
Notes payable, less current portion, net	`LongTermDebtNoncurrent`	$888.95M	USD	Point-in-time
Notes payable, less current portion, net	`LongTermDebtNoncurrent`	$829.67M	USD	Point-in-time
Finance lease obligation, less current portion	`FinanceLeaseLiabilityNoncurrent`	$15.57M	USD	Point-in-time
Finance lease obligation, less current portion	`FinanceLeaseLiabilityNoncurrent`	$15.57M	USD	Point-in-time
Operating lease obligations, less current portion	`OperatingLeaseLiabilityNoncurrent`	$47.21M	USD	Point-in-time
Operating lease obligations, less current portion	`OperatingLeaseLiabilityNoncurrent`	$49.69M	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$25.37M	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$18.14M	USD	Point-in-time
Total liabilities	`Liabilities`	$1.20B	USD	Point-in-time
Total liabilities	`Liabilities`	$1.30B	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, 215,635,550 shares issued and outstanding at June 30, 2020 and 224,855,351 shares issued and outstanding at December 31, 2019	`CommonStockValue`	$2.25M	USD	Point-in-time
Common stock, $0.01 par value, 500,000,000 shares authorized, 215,635,550 shares issued and outstanding at June 30, 2020 and 224,855,351 shares issued and outstanding at December 31, 2019	`CommonStockValue`	$2.16M	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapital`	$2.58B	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapital`	$2.68B	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$1.32B	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$1.04B	USD	Point-in-time
Cumulative dividends and distributions	`CumulativeDividends`	$1.64B	USD	Point-in-time
Cumulative dividends and distributions	`CumulativeDividends`	$1.62B	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$2.18B	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$2.57B	USD	Point-in-time
Noncontrolling interest in consolidated joint venture	`MinorityInterest`	$42.11M	USD	Point-in-time
Noncontrolling interest in consolidated joint venture	`MinorityInterest`	$46.23M	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.71B	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.62B	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.71B	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.74B	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.34B	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.22B	USD	Point-in-time
Total liabilities and equity	`LiabilitiesAndStockholdersEquity`	$3.92B	USD	Point-in-time
Total liabilities and equity	`LiabilitiesAndStockholdersEquity`	$3.42B	USD	Point-in-time

Income Statement 84 line items

Line Item	Tag	Value	Unit	Period
Revenues	`RevenueFromContractWithCustomerExcludingAssessedTax`	$201.64M	USD	2 Qtrs
Revenues	`RevenueFromContractWithCustomerExcludingAssessedTax`	$302.90M	USD	1 Quarter
Revenues	`RevenueFromContractWithCustomerExcludingAssessedTax`	$10.42M	USD	1 Quarter
Revenues	`RevenueFromContractWithCustomerExcludingAssessedTax`	$560.58M	USD	2 Qtrs
Advertising and promotion	`AdvertisingExpense`	$14.15M	USD	1 Quarter
Advertising and promotion	`AdvertisingExpense`	$4.09M	USD	1 Quarter
Advertising and promotion	`AdvertisingExpense`	$16.55M	USD	2 Qtrs
Advertising and promotion	`AdvertisingExpense`	$27.71M	USD	2 Qtrs
Repairs and maintenance	`RepairsAndMaintenance`	$5.38M	USD	1 Quarter
Repairs and maintenance	`RepairsAndMaintenance`	$10.19M	USD	1 Quarter
Repairs and maintenance	`RepairsAndMaintenance`	$20.48M	USD	2 Qtrs
Repairs and maintenance	`RepairsAndMaintenance`	$15.42M	USD	2 Qtrs
Utilities	`UtilitiesExpense`	$13.20M	USD	2 Qtrs
Utilities	`UtilitiesExpense`	$6.53M	USD	1 Quarter
Utilities	`UtilitiesExpense`	$9.07M	USD	2 Qtrs
Utilities	`UtilitiesExpense`	$3.23M	USD	1 Quarter
Franchise costs	`CostsOfFranchisedOutlets`	$15.42M	USD	2 Qtrs
Franchise costs	`CostsOfFranchisedOutlets`	$338.00K	USD	1 Quarter
Franchise costs	`CostsOfFranchisedOutlets`	$5.67M	USD	2 Qtrs
Franchise costs	`CostsOfFranchisedOutlets`	$8.58M	USD	1 Quarter
Property tax, ground lease and insurance	`OccupancyNet`	$20.61M	USD	1 Quarter
Property tax, ground lease and insurance	`OccupancyNet`	$40.96M	USD	2 Qtrs
Property tax, ground lease and insurance	`OccupancyNet`	$39.17M	USD	2 Qtrs
Property tax, ground lease and insurance	`OccupancyNet`	$19.12M	USD	1 Quarter
Other property-level expenses	`OtherCostAndExpenseOperating`	$66.86M	USD	2 Qtrs
Other property-level expenses	`OtherCostAndExpenseOperating`	$34.02M	USD	1 Quarter
Other property-level expenses	`OtherCostAndExpenseOperating`	$8.74M	USD	1 Quarter
Other property-level expenses	`OtherCostAndExpenseOperating`	$37.58M	USD	2 Qtrs
Corporate overhead	`GeneralAndAdministrativeExpense`	$15.83M	USD	2 Qtrs
Corporate overhead	`GeneralAndAdministrativeExpense`	$8.08M	USD	1 Quarter
Corporate overhead	`GeneralAndAdministrativeExpense`	$15.59M	USD	2 Qtrs
Corporate overhead	`GeneralAndAdministrativeExpense`	$8.44M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$72.91M	USD	2 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$36.52M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$71.28M	USD	2 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$34.54M	USD	1 Quarter
Impairment losses	`ImpairmentOfRealEstate`	$133.47M	USD	2 Qtrs
Impairment losses	`ImpairmentOfRealEstate`	$18.10M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$243.30M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$476.77M	USD	2 Qtrs
Total operating expenses	`OperatingExpenses`	$447.15M	USD	2 Qtrs
Total operating expenses	`OperatingExpenses`	$115.29M	USD	1 Quarter
Interest and other income	`OtherNonoperatingIncome`	$2.61M	USD	2 Qtrs
Interest and other income	`OtherNonoperatingIncome`	$9.73M	USD	2 Qtrs
Interest and other income	`OtherNonoperatingIncome`	$4.81M	USD	1 Quarter
Interest and other income	`OtherNonoperatingIncome`	$306.00K	USD	1 Quarter
Interest expense	`InterestExpense`	$30.46M	USD	2 Qtrs
Interest expense	`InterestExpense`	$15.82M	USD	1 Quarter
Interest expense	`InterestExpense`	$30.14M	USD	2 Qtrs
Interest expense	`InterestExpense`	$12.95M	USD	1 Quarter
(Loss) income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-117.51M	USD	1 Quarter
(Loss) income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$63.40M	USD	2 Qtrs
(Loss) income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$48.59M	USD	1 Quarter
(Loss) income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-273.36M	USD	2 Qtrs
Income tax benefit (provision), net	`IncomeTaxExpenseBenefit`	$-436.00K	USD	2 Qtrs
Income tax benefit (provision), net	`IncomeTaxExpenseBenefit`	$6.66M	USD	2 Qtrs
Income tax benefit (provision), net	`IncomeTaxExpenseBenefit`	$-12.00K	USD	1 Quarter
Income tax benefit (provision), net	`IncomeTaxExpenseBenefit`	$2.68M	USD	1 Quarter
NET (LOSS) INCOME	`ProfitLoss`	$-162.52M	USD	1 Quarter
NET (LOSS) INCOME	`ProfitLoss`	$-280.02M	USD	2 Qtrs
NET (LOSS) INCOME	`ProfitLoss`	$-117.50M	USD	1 Quarter
NET (LOSS) INCOME	`ProfitLoss`	$17.92M	USD	1 Quarter
NET (LOSS) INCOME	`ProfitLoss`	$63.83M	USD	2 Qtrs
NET (LOSS) INCOME	`ProfitLoss`	$45.92M	USD	1 Quarter
Loss (income) from consolidated joint venture attributable to noncontrolling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$-2.62M	USD	2 Qtrs
Loss (income) from consolidated joint venture attributable to noncontrolling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$3.55M	USD	2 Qtrs
Loss (income) from consolidated joint venture attributable to noncontrolling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$-2.16M	USD	1 Quarter
Loss (income) from consolidated joint venture attributable to noncontrolling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$1.96M	USD	1 Quarter
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
(LOSS) INCOME ATTRIBUTABLE TO COMMON STOCKHOLDERS	`EarningsLossBeforeDistributedAndUndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic`	$-118.55M	USD	1 Quarter
(LOSS) INCOME ATTRIBUTABLE TO COMMON STOCKHOLDERS	`EarningsLossBeforeDistributedAndUndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic`	$40.76M	USD	1 Quarter
(LOSS) INCOME ATTRIBUTABLE TO COMMON STOCKHOLDERS	`EarningsLossBeforeDistributedAndUndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic`	$53.87M	USD	2 Qtrs
(LOSS) INCOME ATTRIBUTABLE TO COMMON STOCKHOLDERS	`EarningsLossBeforeDistributedAndUndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic`	$-283.81M	USD	2 Qtrs
Basic and diluted (loss) income attributable to common stockholders per common share (in dollars per share)	`EarningsPerShareBasicAndDiluted`	$0.24	USD	2 Qtrs
Basic and diluted (loss) income attributable to common stockholders per common share (in dollars per share)	`EarningsPerShareBasicAndDiluted`	$-0.55	USD	1 Quarter
Basic and diluted (loss) income attributable to common stockholders per common share (in dollars per share)	`EarningsPerShareBasicAndDiluted`	$0.18	USD	1 Quarter
Basic and diluted (loss) income attributable to common stockholders per common share (in dollars per share)	`EarningsPerShareBasicAndDiluted`	$-1.30	USD	2 Qtrs
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`	227.39M	shares	1 Quarter
Basic and diluted weighted average common shares outstanding (in shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	217.63M	shares	2 Qtrs
Basic and diluted weighted average common shares outstanding (in shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	214.22M	shares	1 Quarter

Cash Flow Statement 92 line items

Line Item	Tag	Value	Unit	Period
Net (loss) income	`ProfitLoss`	$-162.52M	USD	1 Quarter
Net (loss) income	`ProfitLoss`	$-280.02M	USD	2 Qtrs
Net (loss) income	`ProfitLoss`	$-117.50M	USD	1 Quarter
Net (loss) income	`ProfitLoss`	$17.92M	USD	1 Quarter
Net (loss) income	`ProfitLoss`	$63.83M	USD	2 Qtrs
Net (loss) income	`ProfitLoss`	$45.92M	USD	1 Quarter
Bad debt expense	`ProvisionForDoubtfulAccounts`	$367.00K	USD	2 Qtrs
Bad debt expense	`ProvisionForDoubtfulAccounts`	$275.00K	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`	$5.75M	USD	2 Qtrs
Noncash interest on derivatives and finance lease obligations, net	`NoncashInterestOnDerivativesAndCapitalLeaseObligations`	$6.30M	USD	2 Qtrs
Noncash interest on derivatives and finance lease obligations, net	`NoncashInterestOnDerivativesAndCapitalLeaseObligations`	$216.00K	USD	1 Quarter
Depreciation	`Depreciation`	$71.26M	USD	2 Qtrs
Depreciation	`Depreciation`	$72.85M	USD	2 Qtrs
Amortization of franchise fees and other intangibles	`AmortizationOfIntangibleAssets`	$21.00K	USD	2 Qtrs
Amortization of franchise fees and other intangibles	`AmortizationOfIntangibleAssets`	$57.00K	USD	2 Qtrs
Amortization of deferred financing costs	`AmortizationOfFinancingCosts`	$698.00K	USD	1 Quarter
Amortization of deferred financing costs	`AmortizationOfFinancingCosts`	$1.40M	USD	2 Qtrs
Amortization of deferred financing costs	`AmortizationOfFinancingCosts`	$1.40M	USD	2 Qtrs
Amortization of deferred financing costs	`AmortizationOfFinancingCosts`	$697.00K	USD	1 Quarter
Amortization of deferred stock compensation	`ShareBasedCompensation`	$5.27M	USD	2 Qtrs
Amortization of deferred stock compensation	`ShareBasedCompensation`	$5.02M	USD	2 Qtrs
Impairment losses	`ImpairmentOfRealEstate`	$133.47M	USD	2 Qtrs
Impairment losses	`ImpairmentOfRealEstate`	$18.10M	USD	1 Quarter
Deferred income taxes, net	`DeferredIncomeTaxesAndTaxCredits`	$7.42M	USD	2 Qtrs
Deferred income taxes, net	`DeferredIncomeTaxesAndTaxCredits`	$-636.00K	USD	2 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-30.39M	USD	2 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$14.67M	USD	2 Qtrs
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-6.45M	USD	2 Qtrs
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-4.58M	USD	2 Qtrs
Accounts payable and other liabilities	`IncreaseDecreaseInAccountsPayableAndOtherOperatingLiabilities`	$-6.50M	USD	2 Qtrs
Accounts payable and other liabilities	`IncreaseDecreaseInAccountsPayableAndOtherOperatingLiabilities`	$2.49M	USD	2 Qtrs
Accrued payroll and employee benefits	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$-10.16M	USD	2 Qtrs
Accrued payroll and employee benefits	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$-4.63M	USD	2 Qtrs
Operating lease right-of-use assets and obligations	`IncreaseDecreaseInOperatingLeaseRightOfUseAssetsAndLiabilitiesNet`	$-270.00K	USD	2 Qtrs
Operating lease right-of-use assets and obligations	`IncreaseDecreaseInOperatingLeaseRightOfUseAssetsAndLiabilitiesNet`	$-593.00K	USD	2 Qtrs
Net cash (used in) provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$136.05M	USD	2 Qtrs
Net cash (used in) provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-34.93M	USD	2 Qtrs
Disposition deposit	`ProceedsFromDepositsOnRealEstateSales`	$3.50M	USD	2 Qtrs
Acquisition of hotel property	`PaymentsToAcquireCommercialRealEstate`	$1.30M	USD	2 Qtrs
Acquisition of hotel property	`PaymentsToAcquireCommercialRealEstate`	$193.00K	USD	2 Qtrs
Acquisition of intangible asset	`PaymentsToAcquireIntangibleAssets`	$50.00K	USD	2 Qtrs
Renovations and additions to hotel properties and other assets	`PaymentsForCapitalImprovements`	$32.85M	USD	2 Qtrs
Renovations and additions to hotel properties and other assets	`PaymentsForCapitalImprovements`	$52.73M	USD	2 Qtrs
Payment for interest rate derivative	`PaymentsForDerivativeInstrumentInvestingActivities`	$111.00K	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-30.81M	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-52.93M	USD	2 Qtrs
Repurchases of outstanding common stock	`PaymentsForRepurchaseOfCommonStock`	$5.74M	USD	2 Qtrs
Repurchases of outstanding common stock	`PaymentsForRepurchaseOfCommonStock`	$103.89M	USD	2 Qtrs
Repurchases of common stock for employee tax obligations	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$4.43M	USD	2 Qtrs
Repurchases of common stock for employee tax obligations	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$3.99M	USD	2 Qtrs
Proceeds from credit facility	`ProceedsFromUnsecuredLinesOfCredit`	$300.00M	USD	2 Qtrs
Payment on credit facility	`RepaymentsOfUnsecuredDebt`	$250.00M	USD	2 Qtrs
Payments on notes payable	`RepaymentsOfDebt`	$3.79M	USD	2 Qtrs
Payments on notes payable	`RepaymentsOfDebt`	$3.62M	USD	2 Qtrs
Dividends and distributions paid	`PaymentsOfDividends`	$149.86M	USD	2 Qtrs
Dividends and distributions paid	`PaymentsOfDividends`	$141.10M	USD	2 Qtrs
Distributions to noncontrolling interest	`PaymentsToMinorityShareholders`	$2.00M	USD	2 Qtrs
Distributions to noncontrolling interest	`PaymentsToMinorityShareholders`	$2.74M	USD	2 Qtrs
Contribution from noncontrolling interest	`ProceedsFromMinorityShareholders`	$500.00K	USD	2 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-157.79M	USD	2 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-212.86M	USD	2 Qtrs
Net decrease in cash and cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-278.59M	USD	2 Qtrs
Net decrease in cash and cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-74.67M	USD	2 Qtrs
Cash and cash equivalents and restricted cash, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$586.38M	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, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$864.97M	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, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$586.38M	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 and restricted cash, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$864.97M	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	`CashAndCashEquivalentsAtCarryingValue`	$540.42M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$741.50M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$816.86M	USD	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalentsAtCarryingValue`	$45.96M	USD	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalentsAtCarryingValue`	$46.20M	USD	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalentsAtCarryingValue`	$48.12M	USD	Point-in-time
Cash and cash equivalents and restricted cash, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$586.38M	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 and restricted cash, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$864.97M	USD	Point-in-time
Cash and cash equivalents and restricted cash, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$862.37M	USD	Point-in-time
Cash paid for interest	`InterestPaidNet`	$20.91M	USD	2 Qtrs
Cash paid for interest	`InterestPaidNet`	$22.89M	USD	2 Qtrs
Cash paid for income taxes, net	`IncomeTaxesPaid`	$272.00K	USD	2 Qtrs
Cash paid for income taxes, net	`IncomeTaxesPaid`	$90.00K	USD	2 Qtrs
Accrued renovations and additions to hotel properties and other assets	`CapitalExpendituresIncurredButNotYetPaid`	$10.22M	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`	$246.00K	USD	2 Qtrs
Amortization of deferred stock compensation - construction activities	`EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount`	$201.00K	USD	2 Qtrs
Dividends and distributions payable	`DividendsPayableCurrentAndNoncurrent`	$14.62M	USD	Point-in-time
Dividends and distributions payable	`DividendsPayableCurrentAndNoncurrent`	$3.21M	USD	Point-in-time

Stockholders Equity 35 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
Beginning Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.71B	USD	Point-in-time
Beginning Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.62B	USD	Point-in-time
Beginning Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.71B	USD	Point-in-time
Beginning Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.74B	USD	Point-in-time
Beginning Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.34B	USD	Point-in-time
Beginning Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.22B	USD	Point-in-time
Amortization of deferred stock compensation	`AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationRestrictedStockUnitsRequisiteServicePeriodRecognition`	$3.00M	USD	1 Quarter
Amortization of deferred stock compensation	`AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationRestrictedStockUnitsRequisiteServicePeriodRecognition`	$3.19M	USD	1 Quarter
Amortization of deferred stock compensation	`AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationRestrictedStockUnitsRequisiteServicePeriodRecognition`	$2.32M	USD	1 Quarter
Amortization of deferred stock compensation	`AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationRestrictedStockUnitsRequisiteServicePeriodRecognition`	$2.22M	USD	1 Quarter
Issuance of restricted common stock, net	`RestrictedStockValueSharesIssuedNetOfTaxWithholdings`	$-4.43M	USD	1 Quarter
Issuance of restricted common stock, net	`RestrictedStockValueSharesIssuedNetOfTaxWithholdings`	$-3.99M	USD	1 Quarter
Common stock distributions and distributions payable	`DividendsCommonStockCash`	$11.43M	USD	1 Quarter
Common stock distributions and distributions payable	`DividendsCommonStockCash`	$10.78M	USD	1 Quarter
Contribution from noncontrolling interest	`NoncontrollingInterestIncreaseFromSubsidiaryEquityIssuance`	$500.00K	USD	1 Quarter
Distributions to noncontrolling interest	`MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders`	$788.00K	USD	1 Quarter
Distributions to noncontrolling interest	`MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders`	$1.95M	USD	1 Quarter
Distributions to noncontrolling interest	`MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders`	$2.00M	USD	1 Quarter
Repurchases of outstanding common stock	`StockRepurchasedDuringPeriodValue`	$5.74M	USD	1 Quarter
Repurchases of outstanding common stock	`StockRepurchasedDuringPeriodValue`	$103.89M	USD	1 Quarter
Net (loss) income	`ProfitLoss`	$-162.52M	USD	1 Quarter
Net (loss) income	`ProfitLoss`	$-280.02M	USD	2 Qtrs
Net (loss) income	`ProfitLoss`	$-117.50M	USD	1 Quarter
Net (loss) income	`ProfitLoss`	$17.92M	USD	1 Quarter
Net (loss) income	`ProfitLoss`	$63.83M	USD	2 Qtrs
Net (loss) income	`ProfitLoss`	$45.92M	USD	1 Quarter
Ending Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.71B	USD	Point-in-time
Ending Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.62B	USD	Point-in-time
Ending Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.71B	USD	Point-in-time
Ending Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.74B	USD	Point-in-time
Ending Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.34B	USD	Point-in-time
Ending Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.22B	USD	Point-in-time

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