10-Q Filing

SUNSTONE HOTEL INVESTORS, INC. CIK: 1295810 Q2 2021

Filing Information

Form Type	10-Q
Accession Number	`0001558370-21-010147`
Period End Date	20210630
Filing Date	20210804
Fiscal Year	2021
Fiscal Period	Q2
XBRL Instance	sho-20210630x10q_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 80 Income Statement 86 Cash Flow Statement 105 Stockholders Equity 32

Balance Sheet 80 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`	$162.90M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$368.41M	USD	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalentsAtCarryingValue`	$47.49M	USD	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalentsAtCarryingValue`	$47.73M	USD	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalentsAtCarryingValue`	$45.96M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$25.04M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$8.57M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$7.41M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$10.44M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$242.84M	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`	$435.14M	USD	Point-in-time
Common stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	500.00M	shares	Point-in-time
Investment in hotel properties, net	`RealEstateInvestmentPropertyNet`	$2.46B	USD	Point-in-time
Investment in hotel properties, net	`RealEstateInvestmentPropertyNet`	$2.69B	USD	Point-in-time
Common stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	500.00M	shares	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	219.04M	shares	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	215.59M	shares	Point-in-time
Finance lease right-of-use asset, net	`FinanceLeaseRightOfUseAsset`	$45.45M	USD	Point-in-time
Finance lease right-of-use asset, net	`FinanceLeaseRightOfUseAsset`	$46.18M	USD	Point-in-time
Operating lease right-of-use assets, net	`OperatingLeaseRightOfUseAsset`	$24.94M	USD	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	219.04M	shares	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	215.59M	shares	Point-in-time
Operating lease right-of-use assets, net	`OperatingLeaseRightOfUseAsset`	$26.09M	USD	Point-in-time
Deferred financing costs, net	`DebtIssuanceCostsLineOfCreditArrangementsNet`	$4.35M	USD	Point-in-time
Deferred financing costs, net	`DebtIssuanceCostsLineOfCreditArrangementsNet`	$3.40M	USD	Point-in-time
Other assets, net	`OtherAssetsNoncurrent`	$11.33M	USD	Point-in-time
Other assets, net	`OtherAssetsNoncurrent`	$12.45M	USD	Point-in-time
Total assets	`Assets`	$2.99B	USD	Point-in-time
Total assets	`Assets`	$3.02B	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndOtherAccruedLiabilitiesCurrent`	$37.33M	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndOtherAccruedLiabilitiesCurrent`	$41.05M	USD	Point-in-time
Accrued payroll and employee benefits	`EmployeeRelatedLiabilitiesCurrent`	$15.39M	USD	Point-in-time
Accrued payroll and employee benefits	`EmployeeRelatedLiabilitiesCurrent`	$17.43M	USD	Point-in-time
Dividends and distributions payable	`DividendsPayableCurrent`	$3.21M	USD	Point-in-time
Dividends and distributions payable	`DividendsPayableCurrent`	$2.23M	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$32.61M	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$50.69M	USD	Point-in-time
Current portion of notes payable, net	`LongTermDebtCurrent`	$2.26M	USD	Point-in-time
Current portion of notes payable, net	`LongTermDebtCurrent`	$2.33M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$90.79M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$113.72M	USD	Point-in-time
Notes payable, less current portion, net	`LongTermDebtNoncurrent`	$742.53M	USD	Point-in-time
Notes payable, less current portion, net	`LongTermDebtNoncurrent`	$741.34M	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`	$27.82M	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`	$13.61M	USD	Point-in-time
Total liabilities	`Liabilities`	$896.34M	USD	Point-in-time
Total liabilities	`Liabilities`	$912.06M	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, 219,043,105 shares issued and outstanding at June 30, 2021 and 215,593,401 shares issued and outstanding at December 31, 2020	`CommonStockValue`	$2.19M	USD	Point-in-time
Common stock, $0.01 par value, 500,000,000 shares authorized, 219,043,105 shares issued and outstanding at June 30, 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`	$2.63B	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`	$833.13M	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`	$2.05B	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$2.06B	USD	Point-in-time
Noncontrolling interest in consolidated joint venture	`MinorityInterest`	$40.73M	USD	Point-in-time
Noncontrolling interest in consolidated joint venture	`MinorityInterest`	$39.54M	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.22B	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.10B	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.34B	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.62B	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.03B	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.09B	USD	Point-in-time
Total liabilities and equity	`LiabilitiesAndStockholdersEquity`	$2.99B	USD	Point-in-time
Total liabilities and equity	`LiabilitiesAndStockholdersEquity`	$3.02B	USD	Point-in-time

Income Statement 86 line items

Line Item	Tag	Value	Unit	Period
Revenues	`RevenueFromContractWithCustomerExcludingAssessedTax`	$167.84M	USD	2 Qtrs
Revenues	`RevenueFromContractWithCustomerExcludingAssessedTax`	$117.21M	USD	1 Quarter
Revenues	`RevenueFromContractWithCustomerExcludingAssessedTax`	$201.64M	USD	2 Qtrs
Revenues	`RevenueFromContractWithCustomerExcludingAssessedTax`	$10.42M	USD	1 Quarter
Advertising and promotion	`AdvertisingExpense`	$7.04M	USD	1 Quarter
Advertising and promotion	`AdvertisingExpense`	$16.55M	USD	2 Qtrs
Advertising and promotion	`AdvertisingExpense`	$11.92M	USD	2 Qtrs
Advertising and promotion	`AdvertisingExpense`	$4.09M	USD	1 Quarter
Repairs and maintenance	`RepairsAndMaintenance`	$15.42M	USD	2 Qtrs
Repairs and maintenance	`RepairsAndMaintenance`	$5.38M	USD	1 Quarter
Repairs and maintenance	`RepairsAndMaintenance`	$7.13M	USD	1 Quarter
Repairs and maintenance	`RepairsAndMaintenance`	$12.68M	USD	2 Qtrs
Utilities	`UtilitiesExpense`	$3.23M	USD	1 Quarter
Utilities	`UtilitiesExpense`	$8.83M	USD	2 Qtrs
Utilities	`UtilitiesExpense`	$9.07M	USD	2 Qtrs
Utilities	`UtilitiesExpense`	$4.68M	USD	1 Quarter
Franchise costs	`CostsOfFranchisedOutlets`	$2.30M	USD	1 Quarter
Franchise costs	`CostsOfFranchisedOutlets`	$338.00K	USD	1 Quarter
Franchise costs	`CostsOfFranchisedOutlets`	$5.67M	USD	2 Qtrs
Franchise costs	`CostsOfFranchisedOutlets`	$3.29M	USD	2 Qtrs
Property tax, ground lease and insurance	`OccupancyNet`	$30.29M	USD	2 Qtrs
Property tax, ground lease and insurance	`OccupancyNet`	$19.12M	USD	1 Quarter
Property tax, ground lease and insurance	`OccupancyNet`	$15.63M	USD	1 Quarter
Property tax, ground lease and insurance	`OccupancyNet`	$39.17M	USD	2 Qtrs
Other property-level expenses	`OtherCostAndExpenseOperating`	$16.07M	USD	1 Quarter
Other property-level expenses	`OtherCostAndExpenseOperating`	$37.58M	USD	2 Qtrs
Other property-level expenses	`OtherCostAndExpenseOperating`	$26.54M	USD	2 Qtrs
Other property-level expenses	`OtherCostAndExpenseOperating`	$8.74M	USD	1 Quarter
Corporate overhead	`GeneralAndAdministrativeExpense`	$8.44M	USD	1 Quarter
Corporate overhead	`GeneralAndAdministrativeExpense`	$16.64M	USD	2 Qtrs
Corporate overhead	`GeneralAndAdministrativeExpense`	$15.83M	USD	2 Qtrs
Corporate overhead	`GeneralAndAdministrativeExpense`	$9.47M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$71.28M	USD	2 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$34.54M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$63.50M	USD	2 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$32.73M	USD	1 Quarter
Impairment losses	`ImpairmentOfRealEstate`	$18.10M	USD	1 Quarter
Impairment losses	`ImpairmentOfRealEstate`	$133.47M	USD	2 Qtrs
Total operating expenses	`OperatingExpenses`	$115.29M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$447.15M	USD	2 Qtrs
Total operating expenses	`OperatingExpenses`	$235.22M	USD	2 Qtrs
Total operating expenses	`OperatingExpenses`	$137.15M	USD	1 Quarter
Interest and other income (loss)	`OtherNonoperatingIncomeExpense`	$-358.00K	USD	2 Qtrs
Interest and other income (loss)	`OtherNonoperatingIncomeExpense`	$2.61M	USD	2 Qtrs
Interest and other income (loss)	`OtherNonoperatingIncomeExpense`	$306.00K	USD	1 Quarter
Interest and other income (loss)	`OtherNonoperatingIncomeExpense`	$21.00K	USD	1 Quarter
Interest expense	`InterestExpense`	$12.95M	USD	1 Quarter
Interest expense	`InterestExpense`	$8.06M	USD	1 Quarter
Interest expense	`InterestExpense`	$30.46M	USD	2 Qtrs
Interest expense	`InterestExpense`	$15.71M	USD	2 Qtrs
Gain on extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	$88.00K	USD	1 Quarter
Gain on extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	$310.00K	USD	2 Qtrs
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-117.51M	USD	1 Quarter
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-27.89M	USD	1 Quarter
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-83.14M	USD	2 Qtrs
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-273.36M	USD	2 Qtrs
Income tax (provision) benefit, net	`IncomeTaxExpenseBenefit`	$-12.00K	USD	1 Quarter
Income tax (provision) benefit, net	`IncomeTaxExpenseBenefit`	$6.66M	USD	2 Qtrs
Income tax (provision) benefit, net	`IncomeTaxExpenseBenefit`	$66.00K	USD	2 Qtrs
Income tax (provision) benefit, net	`IncomeTaxExpenseBenefit`	$23.00K	USD	1 Quarter
NET LOSS	`ProfitLoss`	$-83.20M	USD	2 Qtrs
NET LOSS	`ProfitLoss`	$-117.50M	USD	1 Quarter
NET LOSS	`ProfitLoss`	$-27.92M	USD	1 Quarter
NET LOSS	`ProfitLoss`	$-280.02M	USD	2 Qtrs
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`	$-2.16M	USD	1 Quarter
Loss from consolidated joint venture attributable to noncontrolling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$-2.62M	USD	2 Qtrs
Loss from consolidated joint venture attributable to noncontrolling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$-2.57M	USD	2 Qtrs
Loss from consolidated joint venture attributable to noncontrolling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$-596.00K	USD	1 Quarter
Preferred stock dividends and redemption charge	`PreferredStockDividendsAndOtherAdjustments`	$6.41M	USD	2 Qtrs
Preferred stock dividends and redemption charge	`PreferredStockDividendsAndOtherAdjustments`	$7.79M	USD	1 Quarter
Preferred stock dividends and redemption charge	`PreferredStockDividendsAndOtherAdjustments`	$11.00M	USD	2 Qtrs
Preferred stock dividends and redemption charge	`PreferredStockDividendsAndOtherAdjustments`	$3.21M	USD	1 Quarter
LOSS ATTRIBUTABLE TO COMMON STOCKHOLDERS	`EarningsLossBeforeDistributedAndUndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic`	$-283.81M	USD	2 Qtrs
LOSS ATTRIBUTABLE TO COMMON STOCKHOLDERS	`EarningsLossBeforeDistributedAndUndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic`	$-118.55M	USD	1 Quarter
LOSS ATTRIBUTABLE TO COMMON STOCKHOLDERS	`EarningsLossBeforeDistributedAndUndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic`	$-91.64M	USD	2 Qtrs
LOSS ATTRIBUTABLE TO COMMON STOCKHOLDERS	`EarningsLossBeforeDistributedAndUndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic`	$-35.12M	USD	1 Quarter
Basic and diluted loss attributable to common stockholders per common share (in dollars per share)	`EarningsPerShareBasicAndDiluted`	$-0.43	USD	2 Qtrs
Basic and diluted loss attributable to common stockholders per common share (in dollars per share)	`EarningsPerShareBasicAndDiluted`	$-0.55	USD	1 Quarter
Basic and diluted loss attributable to common stockholders per common share (in dollars per share)	`EarningsPerShareBasicAndDiluted`	$-0.16	USD	1 Quarter
Basic and diluted loss 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`	217.63M	shares	2 Qtrs
Basic and diluted weighted average common shares outstanding (in shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	215.11M	shares	1 Quarter
Basic and diluted weighted average common shares outstanding (in shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	214.78M	shares	2 Qtrs
Basic and diluted weighted average common shares outstanding (in shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	214.22M	shares	1 Quarter

Cash Flow Statement 105 line items

Line Item	Tag	Value	Unit	Period
Net loss	`ProfitLoss`	$-83.20M	USD	2 Qtrs
Net loss	`ProfitLoss`	$-117.50M	USD	1 Quarter
Net loss	`ProfitLoss`	$-27.92M	USD	1 Quarter
Net loss	`ProfitLoss`	$-280.02M	USD	2 Qtrs
Net loss	`ProfitLoss`	$-162.52M	USD	1 Quarter
Net loss	`ProfitLoss`	$-55.29M	USD	1 Quarter
Bad debt expense	`ProvisionForDoubtfulAccounts`	$367.00K	USD	2 Qtrs
Bad debt expense	`ProvisionForDoubtfulAccounts`	$157.00K	USD	2 Qtrs
Loss on sale of assets	`GainLossOnDispositionOfAssets1`	$-70.00K	USD	2 Qtrs
Gain on extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	$88.00K	USD	1 Quarter
Gain on extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	$310.00K	USD	2 Qtrs
Noncash interest on derivatives	`NoncashInterestOnDerivativesAndCapitalLeaseObligations`	$6.30M	USD	2 Qtrs
Noncash interest on derivatives	`NoncashInterestOnDerivativesAndCapitalLeaseObligations`	$-1.58M	USD	2 Qtrs
Noncash interest on derivatives	`NoncashInterestOnDerivativesAndCapitalLeaseObligations`	$-709.00K	USD	1 Quarter
Noncash interest on derivatives	`NoncashInterestOnDerivativesAndCapitalLeaseObligations`	$216.00K	USD	1 Quarter
Depreciation	`Depreciation`	$71.26M	USD	2 Qtrs
Depreciation	`Depreciation`	$63.48M	USD	2 Qtrs
Amortization of franchise fees and other intangibles	`AmortizationOfIntangibleAssets`	$21.00K	USD	2 Qtrs
Amortization of franchise fees and other intangibles	`AmortizationOfIntangibleAssets`	$21.00K	USD	2 Qtrs
Amortization of deferred financing costs	`AmortizationOfFinancingCosts`	$1.40M	USD	2 Qtrs
Amortization of deferred financing costs	`AmortizationOfFinancingCosts`	$1.47M	USD	2 Qtrs
Amortization of deferred financing costs	`AmortizationOfFinancingCosts`	$697.00K	USD	1 Quarter
Amortization of deferred financing costs	`AmortizationOfFinancingCosts`	$737.00K	USD	1 Quarter
Amortization of deferred stock compensation	`ShareBasedCompensation`	$7.41M	USD	2 Qtrs
Amortization of deferred stock compensation	`ShareBasedCompensation`	$5.27M	USD	2 Qtrs
Impairment losses	`ImpairmentOfRealEstate`	$18.10M	USD	1 Quarter
Impairment losses	`ImpairmentOfRealEstate`	$133.47M	USD	2 Qtrs
Deferred income taxes, net	`DeferredIncomeTaxesAndTaxCredits`	$7.42M	USD	2 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$16.77M	USD	2 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-30.39M	USD	2 Qtrs
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-4.43M	USD	2 Qtrs
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-6.45M	USD	2 Qtrs
Accounts payable and other liabilities	`IncreaseDecreaseInAccountsPayableAndOtherOperatingLiabilities`	$-6.50M	USD	2 Qtrs
Accounts payable and other liabilities	`IncreaseDecreaseInAccountsPayableAndOtherOperatingLiabilities`	$10.19M	USD	2 Qtrs
Accrued payroll and employee benefits	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$-10.16M	USD	2 Qtrs
Accrued payroll and employee benefits	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$1.38M	USD	2 Qtrs
Operating lease right-of-use assets and obligations	`IncreaseDecreaseInOperatingLeaseRightOfUseAssetsAndLiabilitiesNet`	$-593.00K	USD	2 Qtrs
Operating lease right-of-use assets and obligations	`IncreaseDecreaseInOperatingLeaseRightOfUseAssetsAndLiabilitiesNet`	$-669.00K	USD	2 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-34.93M	USD	2 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-13.92M	USD	2 Qtrs
Disposition deposit	`ProceedsFromDepositsOnRealEstateSales`	$3.50M	USD	2 Qtrs
Acquisition of hotel properties and other assets	`PaymentsToAcquireCommercialRealEstate`	$1.35M	USD	2 Qtrs
Acquisition of hotel properties and other assets	`PaymentsToAcquireCommercialRealEstate`	$195.65M	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`	$16.79M	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`	$-212.43M	USD	2 Qtrs
Proceeds from preferred stock offerings	`ProceedsFromIssuanceOfRedeemablePreferredStock`	$115.00M	USD	2 Qtrs
Redemption of preferred stock	`PaymentsForRepurchaseOfRedeemablePreferredStock`	$115.00M	USD	2 Qtrs
Proceeds from common stock offerings	`ProceedsFromIssuanceOfCommonStock`	$38.44M	USD	2 Qtrs
Repurchases of outstanding common stock	`PaymentsForRepurchaseOfCommonStock`	$103.89M	USD	2 Qtrs
Repurchases of common stock for employee tax obligations	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$4.88M	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	`RepaymentsOfLongTermLinesOfCredit`	$250.00M	USD	2 Qtrs
Payments on notes payable	`RepaymentsOfDebt`	$3.62M	USD	2 Qtrs
Payments on notes payable	`RepaymentsOfDebt`	$1.64M	USD	2 Qtrs
Dividends and distributions paid	`PaymentsOfDividends`	$149.86M	USD	2 Qtrs
Dividends and distributions paid	`PaymentsOfDividends`	$7.97M	USD	2 Qtrs
Distributions to noncontrolling interest	`PaymentsToMinorityShareholders`	$2.00M	USD	2 Qtrs
Contributions from noncontrolling interest	`ProceedsFromMinorityShareholders`	$1.38M	USD	2 Qtrs
Contributions from noncontrolling interest	`ProceedsFromMinorityShareholders`	$500.00K	USD	2 Qtrs
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$20.60M	USD	2 Qtrs
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-212.86M	USD	2 Qtrs
Net decrease in cash and cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-205.75M	USD	2 Qtrs
Net decrease in cash and cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-278.59M	USD	2 Qtrs
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, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$586.38M	USD	Point-in-time
Cash and cash equivalents and restricted cash, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$210.39M	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 and restricted cash, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$586.38M	USD	Point-in-time
Cash and cash equivalents and restricted cash, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$210.39M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$540.42M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$162.90M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$368.41M	USD	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalentsAtCarryingValue`	$47.49M	USD	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalentsAtCarryingValue`	$47.73M	USD	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalentsAtCarryingValue`	$45.96M	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 and restricted cash, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$586.38M	USD	Point-in-time
Cash and cash equivalents and restricted cash, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$210.39M	USD	Point-in-time
Cash paid for interest	`InterestPaidNet`	$15.70M	USD	2 Qtrs
Cash paid for interest	`InterestPaidNet`	$20.91M	USD	2 Qtrs
Cash paid for income taxes, net	`IncomeTaxesPaidNet`	$5.00K	USD	2 Qtrs
Cash paid for income taxes, net	`IncomeTaxesPaidNet`	$90.00K	USD	2 Qtrs
Operating cash flows used for operating leases	`OperatingLeasePayments`	$3.36M	USD	2 Qtrs
Operating cash flows used for operating leases	`OperatingLeasePayments`	$4.05M	USD	2 Qtrs
Changes in operating lease right-of-use assets	`IncreaseDecreaseInInOperatingLeaseRightOfUseAssetsNet`	$-1.89M	USD	2 Qtrs
Changes in operating lease right-of-use assets	`IncreaseDecreaseInInOperatingLeaseRightOfUseAssetsNet`	$-1.84M	USD	2 Qtrs
Changes in operating lease obligations	`IncreaseDecreaseInOperatingLeaseLiabilitiesNet`	$-2.50M	USD	2 Qtrs
Changes in operating lease obligations	`IncreaseDecreaseInOperatingLeaseLiabilitiesNet`	$-2.48M	USD	2 Qtrs
Changes in operating lease right-of-use assets and lease obligations, net	`IncreaseDecreaseInOperatingLeaseRightOfUseAssetsAndLiabilitiesNet`	$-593.00K	USD	2 Qtrs
Changes in operating lease right-of-use assets and lease obligations, net	`IncreaseDecreaseInOperatingLeaseRightOfUseAssetsAndLiabilitiesNet`	$-669.00K	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`	$7.11M	USD	2 Qtrs
Issuance of preferred stock in connection with hotel acquisition	`StockIssued1`	$66.25M	USD	2 Qtrs
Preferred stock redemption charge	`PreferredStockRedemptionPremium`	$4.02M	USD	2 Qtrs
Amortization of deferred stock compensation - construction activities	`EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount`	$242.00K	USD	2 Qtrs
Amortization of deferred stock compensation - construction activities	`EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount`	$246.00K	USD	2 Qtrs
Dividends and distributions payable	`DividendsPayableCurrentAndNoncurrent`	$2.23M	USD	Point-in-time
Dividends and distributions payable	`DividendsPayableCurrentAndNoncurrent`	$3.21M	USD	Point-in-time

Stockholders Equity 32 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`	$2.22B	USD	Point-in-time
Beginning Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.10B	USD	Point-in-time
Beginning Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.34B	USD	Point-in-time
Beginning Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.62B	USD	Point-in-time
Beginning Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.03B	USD	Point-in-time
Beginning Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.09B	USD	Point-in-time
Amortization of deferred stock compensation	`AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationRestrictedStockUnitsRequisiteServicePeriodRecognition`	$2.32M	USD	1 Quarter
Amortization of deferred stock compensation	`AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationRestrictedStockUnitsRequisiteServicePeriodRecognition`	$4.78M	USD	1 Quarter
Amortization of deferred stock compensation	`AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationRestrictedStockUnitsRequisiteServicePeriodRecognition`	$3.19M	USD	1 Quarter
Amortization of deferred stock compensation	`AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationRestrictedStockUnitsRequisiteServicePeriodRecognition`	$2.87M	USD	1 Quarter
Issuance of restricted common stock, net	`RestrictedStockValueSharesIssuedNetOfTaxWithholdings`	$-1.36M	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
Contribution from noncontrolling interest	`NoncontrollingInterestIncreaseFromSubsidiaryEquityIssuance`	$500.00K	USD	1 Quarter
Repurchases of outstanding common stock	`StockRepurchasedDuringPeriodValue`	$103.89M	USD	1 Quarter
Net proceeds from issuance of common stock	`StockIssuedDuringPeriodValueNewIssues`	$37.66M	USD	1 Quarter
Net loss	`ProfitLoss`	$-83.20M	USD	2 Qtrs
Net loss	`ProfitLoss`	$-117.50M	USD	1 Quarter
Net loss	`ProfitLoss`	$-27.92M	USD	1 Quarter
Net loss	`ProfitLoss`	$-280.02M	USD	2 Qtrs
Net loss	`ProfitLoss`	$-162.52M	USD	1 Quarter
Net loss	`ProfitLoss`	$-55.29M	USD	1 Quarter
Ending Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.22B	USD	Point-in-time
Ending Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.10B	USD	Point-in-time
Ending Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.34B	USD	Point-in-time
Ending Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.62B	USD	Point-in-time
Ending Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.03B	USD	Point-in-time
Ending Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.09B	USD	Point-in-time

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