10-Q Filing

SUNSTONE HOTEL INVESTORS, INC. CIK: 1295810 Q1 2021

Filing Information

Form Type	10-Q
Accession Number	`0001558370-21-005872`
Period End Date	20210331
Filing Date	20210505
Fiscal Year	2021
Fiscal Period	Q1
XBRL Instance	sho-20210331x10q_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 78 Income Statement 42 Cash Flow Statement 86 Stockholders Equity 19

Balance Sheet 78 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`	$368.41M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$320.27M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$847.45M	USD	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalentsAtCarryingValue`	$44.98M	USD	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalentsAtCarryingValue`	$47.73M	USD	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalentsAtCarryingValue`	$53.48M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$8.57M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$13.16M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$10.44M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$11.43M	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Total current assets	`AssetsCurrent`	$435.14M	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Total current assets	`AssetsCurrent`	$389.85M	USD	Point-in-time
Investment in hotel properties, net	`RealEstateInvestmentPropertyNet`	$2.46B	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`	$2.44B	USD	Point-in-time
Finance lease right-of-use asset, net	`FinanceLeaseRightOfUseAsset`	$45.81M	USD	Point-in-time
Finance lease right-of-use asset, net	`FinanceLeaseRightOfUseAsset`	$46.18M	USD	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	216.18M	shares	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	215.59M	shares	Point-in-time
Operating lease right-of-use assets, net	`OperatingLeaseRightOfUseAsset`	$26.09M	USD	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	215.59M	shares	Point-in-time
Operating lease right-of-use assets, net	`OperatingLeaseRightOfUseAsset`	$25.20M	USD	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	216.18M	shares	Point-in-time
Deferred financing costs, net	`DebtIssuanceCostsLineOfCreditArrangementsNet`	$4.35M	USD	Point-in-time
Deferred financing costs, net	`DebtIssuanceCostsLineOfCreditArrangementsNet`	$3.88M	USD	Point-in-time
Other assets, net	`OtherAssetsNoncurrent`	$12.45M	USD	Point-in-time
Other assets, net	`OtherAssetsNoncurrent`	$11.97M	USD	Point-in-time
Total assets	`Assets`	$2.99B	USD	Point-in-time
Total assets	`Assets`	$2.92B	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndOtherAccruedLiabilitiesCurrent`	$34.29M	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndOtherAccruedLiabilitiesCurrent`	$37.33M	USD	Point-in-time
Accrued payroll and employee benefits	`EmployeeRelatedLiabilitiesCurrent`	$15.39M	USD	Point-in-time
Accrued payroll and employee benefits	`EmployeeRelatedLiabilitiesCurrent`	$13.44M	USD	Point-in-time
Dividends and distributions payable	`DividendsPayableCurrent`	$3.21M	USD	Point-in-time
Dividends and distributions payable	`DividendsPayableCurrent`	$3.21M	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$31.01M	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$32.61M	USD	Point-in-time
Current portion of notes payable, net	`LongTermDebtCurrent`	$2.29M	USD	Point-in-time
Current portion of notes payable, net	`LongTermDebtCurrent`	$2.26M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$90.79M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$84.24M	USD	Point-in-time
Notes payable, less current portion, net	`LongTermDebtNoncurrent`	$742.53M	USD	Point-in-time
Notes payable, less current portion, net	`LongTermDebtNoncurrent`	$741.92M	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`	$28.65M	USD	Point-in-time
Operating lease obligations, less current portion	`OperatingLeaseLiabilityNoncurrent`	$29.95M	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$17.49M	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$14.68M	USD	Point-in-time
Total liabilities	`Liabilities`	$885.06M	USD	Point-in-time
Total liabilities	`Liabilities`	$896.34M	USD	Point-in-time
Commitments and contingencies (Note 11)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies (Note 11)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Common stock, $0.01 par value, 500,000,000 shares authorized, 216,175,084 shares issued and outstanding at March 31, 2021 and 215,593,401 shares issued and outstanding at December 31, 2020	`CommonStockValue`	$2.16M	USD	Point-in-time
Common stock, $0.01 par value, 500,000,000 shares authorized, 216,175,084 shares issued and outstanding at March 31, 2021 and 215,593,401 shares issued and outstanding at December 31, 2020	`CommonStockValue`	$2.16M	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapital`	$2.59B	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapital`	$2.59B	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$913.77M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$860.45M	USD	Point-in-time
Cumulative dividends and distributions	`CumulativeDividends`	$1.65B	USD	Point-in-time
Cumulative dividends and distributions	`CumulativeDividends`	$1.64B	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$1.99B	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$2.05B	USD	Point-in-time
Noncontrolling interest in consolidated joint venture	`MinorityInterest`	$40.73M	USD	Point-in-time
Noncontrolling interest in consolidated joint venture	`MinorityInterest`	$40.13M	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.09B	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.34B	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.03B	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.62B	USD	Point-in-time
Total liabilities and equity	`LiabilitiesAndStockholdersEquity`	$2.99B	USD	Point-in-time
Total liabilities and equity	`LiabilitiesAndStockholdersEquity`	$2.92B	USD	Point-in-time

Income Statement 42 line items

Line Item	Tag	Value	Unit	Period
Revenues	`RevenueFromContractWithCustomerExcludingAssessedTax`	$50.63M	USD	1 Quarter
Revenues	`RevenueFromContractWithCustomerExcludingAssessedTax`	$191.21M	USD	1 Quarter
Advertising and promotion	`AdvertisingExpense`	$12.46M	USD	1 Quarter
Advertising and promotion	`AdvertisingExpense`	$4.88M	USD	1 Quarter
Repairs and maintenance	`RepairsAndMaintenance`	$5.54M	USD	1 Quarter
Repairs and maintenance	`RepairsAndMaintenance`	$10.05M	USD	1 Quarter
Utilities	`UtilitiesExpense`	$5.84M	USD	1 Quarter
Utilities	`UtilitiesExpense`	$4.15M	USD	1 Quarter
Franchise costs	`CostsOfFranchisedOutlets`	$991.00K	USD	1 Quarter
Franchise costs	`CostsOfFranchisedOutlets`	$5.34M	USD	1 Quarter
Property tax, ground lease and insurance	`OccupancyNet`	$20.05M	USD	1 Quarter
Property tax, ground lease and insurance	`OccupancyNet`	$14.66M	USD	1 Quarter
Other property-level expenses	`OtherCostAndExpenseOperating`	$28.84M	USD	1 Quarter
Other property-level expenses	`OtherCostAndExpenseOperating`	$10.48M	USD	1 Quarter
Corporate overhead	`GeneralAndAdministrativeExpense`	$7.39M	USD	1 Quarter
Corporate overhead	`GeneralAndAdministrativeExpense`	$7.18M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$36.75M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$30.77M	USD	1 Quarter
Impairment losses	`ImpairmentOfRealEstate`	$115.37M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$331.86M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$98.07M	USD	1 Quarter
Interest and other income (loss)	`OtherNonoperatingIncomeExpense`	$2.31M	USD	1 Quarter
Interest and other income (loss)	`OtherNonoperatingIncomeExpense`	$-379.00K	USD	1 Quarter
Interest expense	`InterestExpense`	$17.51M	USD	1 Quarter
Interest expense	`InterestExpense`	$7.65M	USD	1 Quarter
Gain on extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	$222.00K	USD	1 Quarter
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-155.85M	USD	1 Quarter
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-55.24M	USD	1 Quarter
Income tax provision, net	`IncomeTaxExpenseBenefit`	$6.67M	USD	1 Quarter
Income tax provision, net	`IncomeTaxExpenseBenefit`	$43.00K	USD	1 Quarter
NET LOSS	`ProfitLoss`	$-162.52M	USD	1 Quarter
NET LOSS	`ProfitLoss`	$-55.29M	USD	1 Quarter
Loss from consolidated joint venture attributable to noncontrolling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$-458.00K	USD	1 Quarter
Loss from consolidated joint venture attributable to noncontrolling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$-1.98M	USD	1 Quarter
Preferred stock dividends	`PreferredStockDividendsIncomeStatementImpact`	$3.21M	USD	1 Quarter
Preferred stock dividends	`PreferredStockDividendsIncomeStatementImpact`	$3.21M	USD	1 Quarter
LOSS ATTRIBUTABLE TO COMMON STOCKHOLDERS	`EarningsLossBeforeDistributedAndUndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic`	$-56.52M	USD	1 Quarter
LOSS ATTRIBUTABLE TO COMMON STOCKHOLDERS	`EarningsLossBeforeDistributedAndUndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic`	$-165.27M	USD	1 Quarter
Basic and diluted loss attributable to common stockholders per common share (in dollars per share)	`EarningsPerShareBasicAndDiluted`	$-0.26	USD	1 Quarter
Basic and diluted loss attributable to common stockholders per common share (in dollars per share)	`EarningsPerShareBasicAndDiluted`	$-0.75	USD	1 Quarter
Basic and diluted weighted average common shares outstanding (in shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	214.44M	shares	1 Quarter
Basic and diluted weighted average common shares outstanding (in shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	221.04M	shares	1 Quarter

Cash Flow Statement 86 line items

Line Item	Tag	Value	Unit	Period
Net loss	`ProfitLoss`	$-162.52M	USD	1 Quarter
Net loss	`ProfitLoss`	$-55.29M	USD	1 Quarter
Bad debt expense	`ProvisionForDoubtfulAccounts`	$318.00K	USD	1 Quarter
Bad debt expense	`ProvisionForDoubtfulAccounts`	$16.00K	USD	1 Quarter
Loss on sale of assets	`GainLossOnDispositionOfAssets1`	$-70.00K	USD	1 Quarter
Gain on extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	$222.00K	USD	1 Quarter
Noncash interest on derivatives	`NoncashInterestOnDerivativesAndCapitalLeaseObligations`	$6.08M	USD	1 Quarter
Noncash interest on derivatives	`NoncashInterestOnDerivativesAndCapitalLeaseObligations`	$-869.00K	USD	1 Quarter
Depreciation	`Depreciation`	$30.76M	USD	1 Quarter
Depreciation	`Depreciation`	$36.74M	USD	1 Quarter
Amortization of franchise fees and other intangibles	`AmortizationOfIntangibleAssets`	$10.00K	USD	1 Quarter
Amortization of franchise fees and other intangibles	`AmortizationOfIntangibleAssets`	$10.00K	USD	1 Quarter
Amortization of deferred financing costs	`AmortizationOfFinancingCosts`	$699.00K	USD	1 Quarter
Amortization of deferred financing costs	`AmortizationOfFinancingCosts`	$735.00K	USD	1 Quarter
Amortization of deferred stock compensation	`ShareBasedCompensation`	$2.21M	USD	1 Quarter
Amortization of deferred stock compensation	`ShareBasedCompensation`	$2.75M	USD	1 Quarter
Impairment losses	`ImpairmentOfRealEstate`	$115.37M	USD	1 Quarter
Deferred income taxes, net	`DeferredIncomeTaxesAndTaxCredits`	$7.42M	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-11.76M	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$4.61M	USD	1 Quarter
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$776.00K	USD	1 Quarter
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$247.00K	USD	1 Quarter
Accounts payable and other liabilities	`IncreaseDecreaseInAccountsPayableAndOtherOperatingLiabilities`	$-12.23M	USD	1 Quarter
Accounts payable and other liabilities	`IncreaseDecreaseInAccountsPayableAndOtherOperatingLiabilities`	$-8.46M	USD	1 Quarter
Accrued payroll and employee benefits	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$-1.96M	USD	1 Quarter
Accrued payroll and employee benefits	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$-7.86M	USD	1 Quarter
Operating lease right-of-use assets and obligations	`IncreaseDecreaseInOperatingLeaseRightOfUseAssetsAndLiabilitiesNet`	$-261.00K	USD	1 Quarter
Operating lease right-of-use assets and obligations	`IncreaseDecreaseInOperatingLeaseRightOfUseAssetsAndLiabilitiesNet`	$-331.00K	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-38.17M	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-2.52M	USD	1 Quarter
Disposition deposit	`ProceedsFromDepositsOnRealEstateSales`	$3.50M	USD	1 Quarter
Acquisition of hotel property	`PaymentsToAcquireCommercialRealEstate`	$346.00K	USD	1 Quarter
Renovations and additions to hotel properties and other assets	`PaymentsForCapitalImprovements`	$17.02M	USD	1 Quarter
Renovations and additions to hotel properties and other assets	`PaymentsForCapitalImprovements`	$6.53M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-13.86M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-6.53M	USD	1 Quarter
Repurchases of outstanding common stock	`PaymentsForRepurchaseOfCommonStock`	$103.89M	USD	1 Quarter
Repurchases of common stock for employee tax obligations	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$3.99M	USD	1 Quarter
Repurchases of common stock for employee tax obligations	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$3.52M	USD	1 Quarter
Proceeds from credit facility	`ProceedsFromUnsecuredLinesOfCredit`	$300.00M	USD	1 Quarter
Payments on notes payable	`RepaymentsOfDebt`	$832.00K	USD	1 Quarter
Payments on notes payable	`RepaymentsOfDebt`	$1.90M	USD	1 Quarter
Dividends and distributions paid	`PaymentsOfDividends`	$135.87M	USD	1 Quarter
Dividends and distributions paid	`PaymentsOfDividends`	$3.21M	USD	1 Quarter
Distributions to noncontrolling interest	`PaymentsToMinorityShareholders`	$2.00M	USD	1 Quarter
Contribution from noncontrolling interest	`ProceedsFromMinorityShareholders`	$1.38M	USD	1 Quarter
Net cash (used in) provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$52.34M	USD	1 Quarter
Net cash (used in) provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-6.18M	USD	1 Quarter
Net (decrease) increase in cash and cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-50.88M	USD	1 Quarter
Net (decrease) increase in cash and cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$35.96M	USD	1 Quarter
Cash and cash equivalents and restricted cash, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$900.93M	USD	Point-in-time
Cash and cash equivalents and restricted cash, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$365.26M	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`	$416.14M	USD	Point-in-time
Cash and cash equivalents and restricted cash, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$900.93M	USD	Point-in-time
Cash and cash equivalents and restricted cash, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$365.26M	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`	$416.14M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$368.41M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$320.27M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$847.45M	USD	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalentsAtCarryingValue`	$44.98M	USD	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalentsAtCarryingValue`	$47.73M	USD	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalentsAtCarryingValue`	$53.48M	USD	Point-in-time
Cash and cash equivalents and restricted cash, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$900.93M	USD	Point-in-time
Cash and cash equivalents and restricted cash, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$365.26M	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`	$416.14M	USD	Point-in-time
Cash paid for interest	`InterestPaidNet`	$13.09M	USD	1 Quarter
Cash paid for interest	`InterestPaidNet`	$10.70M	USD	1 Quarter
Cash (refunds) paid for income taxes, net	`IncomeTaxesPaidNet`	$77.00K	USD	1 Quarter
Cash (refunds) paid for income taxes, net	`IncomeTaxesPaidNet`	$-28.00K	USD	1 Quarter
Operating cash flows used for operating leases	`OperatingLeasePayments`	$1.88M	USD	1 Quarter
Operating cash flows used for operating leases	`OperatingLeasePayments`	$1.66M	USD	1 Quarter
Changes in operating lease right-of-use assets	`IncreaseDecreaseInInOperatingLeaseRightOfUseAssetsNet`	$-897.00K	USD	1 Quarter
Changes in operating lease right-of-use assets	`IncreaseDecreaseInInOperatingLeaseRightOfUseAssetsNet`	$-897.00K	USD	1 Quarter
Changes in operating lease obligations	`IncreaseDecreaseInOperatingLeaseLiabilitiesNet`	$-1.23M	USD	1 Quarter
Changes in operating lease obligations	`IncreaseDecreaseInOperatingLeaseLiabilitiesNet`	$-1.16M	USD	1 Quarter
Changes in operating lease right-of-use assets and lease obligations, net	`IncreaseDecreaseInOperatingLeaseRightOfUseAssetsAndLiabilitiesNet`	$-261.00K	USD	1 Quarter
Changes in operating lease right-of-use assets and lease obligations, net	`IncreaseDecreaseInOperatingLeaseRightOfUseAssetsAndLiabilitiesNet`	$-331.00K	USD	1 Quarter
Accrued renovations and additions to hotel properties and other assets	`CapitalExpendituresIncurredButNotYetPaid`	$9.38M	USD	1 Quarter
Accrued renovations and additions to hotel properties and other assets	`CapitalExpendituresIncurredButNotYetPaid`	$5.40M	USD	1 Quarter
Amortization of deferred stock compensation - construction activities	`EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount`	$117.00K	USD	1 Quarter
Amortization of deferred stock compensation - construction activities	`EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount`	$117.00K	USD	1 Quarter
Dividends and distributions payable	`DividendsPayableCurrentAndNoncurrent`	$3.21M	USD	Point-in-time
Dividends and distributions payable	`DividendsPayableCurrentAndNoncurrent`	$13.98M	USD	Point-in-time

Stockholders Equity 19 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
Beginning Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.09B	USD	Point-in-time
Beginning Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.34B	USD	Point-in-time
Beginning Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.03B	USD	Point-in-time
Beginning Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.62B	USD	Point-in-time
Amortization of deferred stock compensation	`AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationRestrictedStockUnitsRequisiteServicePeriodRecognition`	$2.87M	USD	1 Quarter
Amortization of deferred stock compensation	`AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationRestrictedStockUnitsRequisiteServicePeriodRecognition`	$2.32M	USD	1 Quarter
Issuance of restricted common stock, net	`RestrictedStockValueSharesIssuedNetOfTaxWithholdings`	$-3.52M	USD	1 Quarter
Issuance of restricted common stock, net	`RestrictedStockValueSharesIssuedNetOfTaxWithholdings`	$-3.99M	USD	1 Quarter
Common stock distributions and distributions payable	`DividendsCommonStockCash`	$10.78M	USD	1 Quarter
Distributions to noncontrolling interest	`MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders`	$2.00M	USD	1 Quarter
Contribution from noncontrolling interest	`NoncontrollingInterestIncreaseFromSubsidiaryEquityIssuance`	$1.38M	USD	1 Quarter
Repurchases of outstanding common stock	`StockRepurchasedDuringPeriodValue`	$103.89M	USD	1 Quarter
Net loss	`ProfitLoss`	$-162.52M	USD	1 Quarter
Net loss	`ProfitLoss`	$-55.29M	USD	1 Quarter
Ending Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.09B	USD	Point-in-time
Ending Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.34B	USD	Point-in-time
Ending Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.03B	USD	Point-in-time
Ending Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.62B	USD	Point-in-time

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