10-Q Filing

SUNSTONE HOTEL INVESTORS, INC. CIK: 1295810 Q3 2021

Filing Information

Form Type	10-Q
Accession Number	`0001558370-21-014660`
Period End Date	20210930
Filing Date	20211104
Fiscal Year	2021
Fiscal Period	Q3
XBRL Instance	sho-20210930x10q_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 84 Income Statement 93 Cash Flow Statement 114 Stockholders Equity 40

Balance Sheet 84 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`	$461.29M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$179.49M	USD	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalentsAtCarryingValue`	$42.35M	USD	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalentsAtCarryingValue`	$47.73M	USD	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalentsAtCarryingValue`	$42.12M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$28.35M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$8.57M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$18.51M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$10.44M	USD	Point-in-time
Assets held for sale, net	`AssetsOfDisposalGroupIncludingDiscontinuedOperationCurrent`	$13.76M	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`	$282.23M	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
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
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	219.33M	shares	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	215.59M	shares	Point-in-time
Investment in hotel properties, net	`RealEstateInvestmentPropertyNet`	$2.67B	USD	Point-in-time
Finance lease right-of-use asset, net	`FinanceLeaseRightOfUseAsset`	$46.18M	USD	Point-in-time
Finance lease right-of-use asset, net	`FinanceLeaseRightOfUseAsset`	$45.08M	USD	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	219.33M	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
Operating lease right-of-use assets, net	`OperatingLeaseRightOfUseAsset`	$23.97M	USD	Point-in-time
Deferred financing costs, net	`DebtIssuanceCostsLineOfCreditArrangementsNet`	$4.35M	USD	Point-in-time
Deferred financing costs, net	`DebtIssuanceCostsLineOfCreditArrangementsNet`	$2.93M	USD	Point-in-time
Other assets, net	`OtherAssetsNoncurrent`	$11.22M	USD	Point-in-time
Other assets, net	`OtherAssetsNoncurrent`	$12.45M	USD	Point-in-time
Total assets	`Assets`	$3.03B	USD	Point-in-time
Total assets	`Assets`	$2.99B	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndOtherAccruedLiabilitiesCurrent`	$37.33M	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndOtherAccruedLiabilitiesCurrent`	$48.74M	USD	Point-in-time
Accrued payroll and employee benefits	`EmployeeRelatedLiabilitiesCurrent`	$18.06M	USD	Point-in-time
Accrued payroll and employee benefits	`EmployeeRelatedLiabilitiesCurrent`	$15.39M	USD	Point-in-time
Dividends and distributions payable	`DividendsPayableCurrent`	$3.11M	USD	Point-in-time
Dividends and distributions payable	`DividendsPayableCurrent`	$3.21M	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$32.61M	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$57.13M	USD	Point-in-time
Current portion of notes payable, net	`LongTermDebtCurrent`	$2.26M	USD	Point-in-time
Current portion of notes payable, net	`LongTermDebtCurrent`	$87.40M	USD	Point-in-time
Liabilities of assets held for sale	`LiabilitiesOfDisposalGroupIncludingDiscontinuedOperationCurrent`	$5.49M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$219.92M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$90.79M	USD	Point-in-time
Notes payable, less current portion, net	`LongTermDebtNoncurrent`	$655.71M	USD	Point-in-time
Notes payable, less current portion, net	`LongTermDebtNoncurrent`	$742.53M	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`	$26.43M	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`	$14.49M	USD	Point-in-time
Total liabilities	`Liabilities`	$932.13M	USD	Point-in-time
Total liabilities	`Liabilities`	$896.34M	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, 219,333,783 shares issued and outstanding at September 30, 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, 219,333,783 shares issued and outstanding at September 30, 2021 and 215,593,401 shares issued and outstanding at December 31, 2020	`CommonStockValue`	$2.19M	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapital`	$2.59B	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapital`	$2.63B	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$810.08M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$913.77M	USD	Point-in-time
Cumulative dividends and distributions	`CumulativeDividends`	$1.64B	USD	Point-in-time
Cumulative dividends and distributions	`CumulativeDividends`	$1.66B	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`	$40.47M	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.34B	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.13B	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.62B	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`	$2.10B	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`	$3.03B	USD	Point-in-time

Income Statement 93 line items

Line Item	Tag	Value	Unit	Period
Revenues	`RevenueFromContractWithCustomerExcludingAssessedTax`	$28.91M	USD	1 Quarter
Revenues	`RevenueFromContractWithCustomerExcludingAssessedTax`	$335.26M	USD	3 Qtrs
Revenues	`RevenueFromContractWithCustomerExcludingAssessedTax`	$230.55M	USD	3 Qtrs
Revenues	`RevenueFromContractWithCustomerExcludingAssessedTax`	$167.42M	USD	1 Quarter
Advertising and promotion	`AdvertisingExpense`	$8.88M	USD	1 Quarter
Advertising and promotion	`AdvertisingExpense`	$3.90M	USD	1 Quarter
Advertising and promotion	`AdvertisingExpense`	$20.45M	USD	3 Qtrs
Advertising and promotion	`AdvertisingExpense`	$20.80M	USD	3 Qtrs
Repairs and maintenance	`RepairsAndMaintenance`	$22.68M	USD	3 Qtrs
Repairs and maintenance	`RepairsAndMaintenance`	$10.00M	USD	1 Quarter
Repairs and maintenance	`RepairsAndMaintenance`	$21.50M	USD	3 Qtrs
Repairs and maintenance	`RepairsAndMaintenance`	$6.08M	USD	1 Quarter
Utilities	`UtilitiesExpense`	$13.24M	USD	3 Qtrs
Utilities	`UtilitiesExpense`	$15.00M	USD	3 Qtrs
Utilities	`UtilitiesExpense`	$6.16M	USD	1 Quarter
Utilities	`UtilitiesExpense`	$4.17M	USD	1 Quarter
Franchise costs	`CostsOfFranchisedOutlets`	$6.34M	USD	3 Qtrs
Franchise costs	`CostsOfFranchisedOutlets`	$7.47M	USD	3 Qtrs
Franchise costs	`CostsOfFranchisedOutlets`	$663.00K	USD	1 Quarter
Franchise costs	`CostsOfFranchisedOutlets`	$4.18M	USD	1 Quarter
Property tax, ground lease and insurance	`OccupancyNet`	$17.53M	USD	1 Quarter
Property tax, ground lease and insurance	`OccupancyNet`	$20.80M	USD	1 Quarter
Property tax, ground lease and insurance	`OccupancyNet`	$47.82M	USD	3 Qtrs
Property tax, ground lease and insurance	`OccupancyNet`	$59.98M	USD	3 Qtrs
Other property-level expenses	`OtherCostAndExpenseOperating`	$9.53M	USD	1 Quarter
Other property-level expenses	`OtherCostAndExpenseOperating`	$48.18M	USD	3 Qtrs
Other property-level expenses	`OtherCostAndExpenseOperating`	$21.63M	USD	1 Quarter
Other property-level expenses	`OtherCostAndExpenseOperating`	$47.11M	USD	3 Qtrs
Corporate overhead	`GeneralAndAdministrativeExpense`	$6.58M	USD	1 Quarter
Corporate overhead	`GeneralAndAdministrativeExpense`	$32.07M	USD	3 Qtrs
Corporate overhead	`GeneralAndAdministrativeExpense`	$15.42M	USD	1 Quarter
Corporate overhead	`GeneralAndAdministrativeExpense`	$22.41M	USD	3 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$104.29M	USD	3 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$96.08M	USD	3 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$33.01M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$32.59M	USD	1 Quarter
Impairment losses	`ImpairmentOfRealEstate`	$133.47M	USD	3 Qtrs
Impairment losses	`ImpairmentOfRealEstate`	$1.01M	USD	3 Qtrs
Impairment losses	`ImpairmentOfRealEstate`	$1.01M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$181.60M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$416.82M	USD	3 Qtrs
Total operating expenses	`OperatingExpenses`	$554.63M	USD	3 Qtrs
Total operating expenses	`OperatingExpenses`	$107.48M	USD	1 Quarter
Interest and other income (loss)	`OtherNonoperatingIncomeExpense`	$2.00K	USD	1 Quarter
Interest and other income (loss)	`OtherNonoperatingIncomeExpense`	$2.75M	USD	3 Qtrs
Interest and other income (loss)	`OtherNonoperatingIncomeExpense`	$139.00K	USD	1 Quarter
Interest and other income (loss)	`OtherNonoperatingIncomeExpense`	$-356.00K	USD	3 Qtrs
Interest expense	`InterestExpense`	$7.98M	USD	1 Quarter
Interest expense	`InterestExpense`	$23.70M	USD	3 Qtrs
Interest expense	`InterestExpense`	$12.74M	USD	1 Quarter
Interest expense	`InterestExpense`	$43.20M	USD	3 Qtrs
Gain on sale of assets	`DisposalGroupNotDiscontinuedOperationGainLossOnDisposal`	$189.00K	USD	1 Quarter
Gain on sale of assets	`DisposalGroupNotDiscontinuedOperationGainLossOnDisposal`	$189.00K	USD	3 Qtrs
Gain (loss) on extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	$-210.00K	USD	1 Quarter
Gain (loss) on extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	$-210.00K	USD	3 Qtrs
Gain (loss) on extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	$61.00K	USD	1 Quarter
Gain (loss) on extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	$371.00K	USD	3 Qtrs
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-22.10M	USD	1 Quarter
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-364.55M	USD	3 Qtrs
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-105.24M	USD	3 Qtrs
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-91.19M	USD	1 Quarter
Income tax (provision) benefit, net	`IncomeTaxExpenseBenefit`	$91.00K	USD	3 Qtrs
Income tax (provision) benefit, net	`IncomeTaxExpenseBenefit`	$25.00K	USD	1 Quarter
Income tax (provision) benefit, net	`IncomeTaxExpenseBenefit`	$6.58M	USD	3 Qtrs
Income tax (provision) benefit, net	`IncomeTaxExpenseBenefit`	$-83.00K	USD	1 Quarter
NET LOSS	`ProfitLoss`	$-27.92M	USD	1 Quarter
NET LOSS	`ProfitLoss`	$-55.29M	USD	1 Quarter
NET LOSS	`ProfitLoss`	$-162.52M	USD	1 Quarter
NET LOSS	`ProfitLoss`	$-117.50M	USD	1 Quarter
NET LOSS	`ProfitLoss`	$-371.13M	USD	3 Qtrs
NET LOSS	`ProfitLoss`	$-105.33M	USD	3 Qtrs
NET LOSS	`ProfitLoss`	$-22.12M	USD	1 Quarter
NET LOSS	`ProfitLoss`	$-91.11M	USD	1 Quarter
(Income) loss from consolidated joint venture attributable to noncontrolling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$-4.44M	USD	3 Qtrs
(Income) loss from consolidated joint venture attributable to noncontrolling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$-1.64M	USD	3 Qtrs
(Income) loss from consolidated joint venture attributable to noncontrolling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$933.00K	USD	1 Quarter
(Income) loss from consolidated joint venture attributable to noncontrolling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$-1.82M	USD	1 Quarter
Preferred stock dividends and redemption charges	`PreferredStockDividendsAndOtherAdjustments`	$9.62M	USD	3 Qtrs
Preferred stock dividends and redemption charges	`PreferredStockDividendsAndOtherAdjustments`	$17.29M	USD	3 Qtrs
Preferred stock dividends and redemption charges	`PreferredStockDividendsAndOtherAdjustments`	$3.21M	USD	1 Quarter
Preferred stock dividends and redemption charges	`PreferredStockDividendsAndOtherAdjustments`	$6.29M	USD	1 Quarter
LOSS ATTRIBUTABLE TO COMMON STOCKHOLDERS	`EarningsLossBeforeDistributedAndUndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic`	$-92.50M	USD	1 Quarter
LOSS ATTRIBUTABLE TO COMMON STOCKHOLDERS	`EarningsLossBeforeDistributedAndUndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic`	$-376.31M	USD	3 Qtrs
LOSS ATTRIBUTABLE TO COMMON STOCKHOLDERS	`EarningsLossBeforeDistributedAndUndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic`	$-120.98M	USD	3 Qtrs
LOSS ATTRIBUTABLE TO COMMON STOCKHOLDERS	`EarningsLossBeforeDistributedAndUndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic`	$-29.34M	USD	1 Quarter
Basic and diluted loss attributable to common stockholders per common share (in dollars per share)	`EarningsPerShareBasicAndDiluted`	$-0.56	USD	3 Qtrs
Basic and diluted loss attributable to common stockholders per common share (in dollars per share)	`EarningsPerShareBasicAndDiluted`	$-0.13	USD	1 Quarter
Basic and diluted loss attributable to common stockholders per common share (in dollars per share)	`EarningsPerShareBasicAndDiluted`	$-1.74	USD	3 Qtrs
Basic and diluted loss attributable to common stockholders per common share (in dollars per share)	`EarningsPerShareBasicAndDiluted`	$-0.43	USD	1 Quarter
Basic and diluted weighted average common shares outstanding (in shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	216.50M	shares	3 Qtrs
Basic and diluted weighted average common shares outstanding (in shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	217.71M	shares	1 Quarter
Basic and diluted weighted average common shares outstanding (in shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	215.76M	shares	3 Qtrs
Basic and diluted weighted average common shares outstanding (in shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	214.26M	shares	1 Quarter

Cash Flow Statement 114 line items

Line Item	Tag	Value	Unit	Period
Net loss	`ProfitLoss`	$-27.92M	USD	1 Quarter
Net loss	`ProfitLoss`	$-55.29M	USD	1 Quarter
Net loss	`ProfitLoss`	$-162.52M	USD	1 Quarter
Net loss	`ProfitLoss`	$-117.50M	USD	1 Quarter
Net loss	`ProfitLoss`	$-371.13M	USD	3 Qtrs
Net loss	`ProfitLoss`	$-105.33M	USD	3 Qtrs
Net loss	`ProfitLoss`	$-22.12M	USD	1 Quarter
Net loss	`ProfitLoss`	$-91.11M	USD	1 Quarter
Bad debt expense	`ProvisionForDoubtfulAccounts`	$322.00K	USD	3 Qtrs
Bad debt expense	`ProvisionForDoubtfulAccounts`	$305.00K	USD	3 Qtrs
Loss (gain) on sale of assets	`GainLossOnDispositionOfAssets1`	$189.00K	USD	3 Qtrs
Loss (gain) on sale of assets	`GainLossOnDispositionOfAssets1`	$-82.00K	USD	3 Qtrs
(Gain) loss on extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	$-210.00K	USD	1 Quarter
(Gain) loss on extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	$-210.00K	USD	3 Qtrs
(Gain) loss on extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	$61.00K	USD	1 Quarter
(Gain) loss on extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	$371.00K	USD	3 Qtrs
Noncash interest on derivatives	`NoncashInterestOnDerivativesAndCapitalLeaseObligations`	$5.53M	USD	3 Qtrs
Noncash interest on derivatives	`NoncashInterestOnDerivativesAndCapitalLeaseObligations`	$-762.00K	USD	1 Quarter
Noncash interest on derivatives	`NoncashInterestOnDerivativesAndCapitalLeaseObligations`	$-2.19M	USD	3 Qtrs
Noncash interest on derivatives	`NoncashInterestOnDerivativesAndCapitalLeaseObligations`	$-616.00K	USD	1 Quarter
Depreciation	`Depreciation`	$104.26M	USD	3 Qtrs
Depreciation	`Depreciation`	$96.05M	USD	3 Qtrs
Amortization of franchise fees and other intangibles	`AmortizationOfIntangibleAssets`	$31.00K	USD	3 Qtrs
Amortization of franchise fees and other intangibles	`AmortizationOfIntangibleAssets`	$31.00K	USD	3 Qtrs
Amortization of deferred financing costs	`AmortizationOfFinancingCosts`	$2.29M	USD	3 Qtrs
Amortization of deferred financing costs	`AmortizationOfFinancingCosts`	$735.00K	USD	1 Quarter
Amortization of deferred financing costs	`AmortizationOfFinancingCosts`	$2.21M	USD	3 Qtrs
Amortization of deferred financing costs	`AmortizationOfFinancingCosts`	$892.00K	USD	1 Quarter
Amortization of deferred stock compensation	`ShareBasedCompensation`	$10.58M	USD	3 Qtrs
Amortization of deferred stock compensation	`ShareBasedCompensation`	$7.51M	USD	3 Qtrs
Impairment losses	`ImpairmentOfRealEstate`	$133.47M	USD	3 Qtrs
Impairment losses	`ImpairmentOfRealEstate`	$1.01M	USD	3 Qtrs
Impairment losses	`ImpairmentOfRealEstate`	$1.01M	USD	1 Quarter
Deferred income taxes, net	`DeferredIncomeTaxesAndTaxCredits`	$7.42M	USD	3 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-30.17M	USD	3 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$20.24M	USD	3 Qtrs
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$3.23M	USD	3 Qtrs
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-75.00K	USD	3 Qtrs
Accounts payable and other liabilities	`IncreaseDecreaseInAccountsPayableAndOtherOperatingLiabilities`	$23.40M	USD	3 Qtrs
Accounts payable and other liabilities	`IncreaseDecreaseInAccountsPayableAndOtherOperatingLiabilities`	$2.92M	USD	3 Qtrs
Accrued payroll and employee benefits	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$7.08M	USD	3 Qtrs
Accrued payroll and employee benefits	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$-9.26M	USD	3 Qtrs
Operating lease right-of-use assets and obligations	`IncreaseDecreaseInOperatingLeaseRightOfUseAssetsAndLiabilitiesNet`	$-923.00K	USD	3 Qtrs
Operating lease right-of-use assets and obligations	`IncreaseDecreaseInOperatingLeaseRightOfUseAssetsAndLiabilitiesNet`	$-1.00M	USD	3 Qtrs
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$8.40M	USD	3 Qtrs
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-87.31M	USD	3 Qtrs
Proceeds from sale of assets	`ProceedsFromSalesOfAssetsInvestingActivities`	$76.86M	USD	3 Qtrs
Acquisition and disposition deposits, net	`PaymentsForProceedsFromDepositsOnRealEstateAcquisitions`	$3.90M	USD	3 Qtrs
Acquisition of hotel properties and other assets	`PaymentsToAcquireCommercialRealEstate`	$195.71M	USD	3 Qtrs
Acquisition of hotel properties and other assets	`PaymentsToAcquireCommercialRealEstate`	$1.40M	USD	3 Qtrs
Renovations and additions to hotel properties and other assets	`PaymentsForCapitalImprovements`	$44.04M	USD	3 Qtrs
Renovations and additions to hotel properties and other assets	`PaymentsForCapitalImprovements`	$41.91M	USD	3 Qtrs
Payment for interest rate derivative	`PaymentsForDerivativeInstrumentInvestingActivities`	$80.00K	USD	3 Qtrs
Payment for interest rate derivative	`PaymentsForDerivativeInstrumentInvestingActivities`	$111.00K	USD	3 Qtrs
Net cash (used in) provided by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$31.30M	USD	3 Qtrs
Net cash (used in) provided by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-241.60M	USD	3 Qtrs
Proceeds from preferred stock offerings	`ProceedsFromIssuanceOfRedeemablePreferredStock`	$215.00M	USD	3 Qtrs
Redemptions of preferred stock	`PaymentsForRepurchaseOfRedeemablePreferredStock`	$190.00M	USD	3 Qtrs
Proceeds from common stock offerings	`ProceedsFromIssuanceOfCommonStock`	$38.44M	USD	3 Qtrs
Repurchases of outstanding common stock	`PaymentsForRepurchaseOfCommonStock`	$103.89M	USD	3 Qtrs
Repurchases of common stock for employee tax obligations	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$4.88M	USD	3 Qtrs
Repurchases of common stock for employee tax obligations	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$3.99M	USD	3 Qtrs
Proceeds from credit facility	`ProceedsFromUnsecuredLinesOfCredit`	$300.00M	USD	3 Qtrs
Payments on credit facility	`RepaymentsOfLongTermLinesOfCredit`	$300.00M	USD	3 Qtrs
Payments on notes payable	`RepaymentsOfDebt`	$2.46M	USD	3 Qtrs
Payments on notes payable	`RepaymentsOfDebt`	$40.19M	USD	3 Qtrs
Payments of deferred financing costs	`PaymentsOfFinancingCosts`	$2.70M	USD	3 Qtrs
Dividends and distributions paid	`PaymentsOfDividends`	$10.74M	USD	3 Qtrs
Dividends and distributions paid	`PaymentsOfDividends`	$153.06M	USD	3 Qtrs
Distributions to noncontrolling interest	`PaymentsToMinorityShareholders`	$2.00M	USD	3 Qtrs
Contributions from noncontrolling interest	`ProceedsFromMinorityShareholders`	$1.38M	USD	3 Qtrs
Contributions from noncontrolling interest	`ProceedsFromMinorityShareholders`	$500.00K	USD	3 Qtrs
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-305.34M	USD	3 Qtrs
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$38.66M	USD	3 Qtrs
Net decrease in cash and cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-194.53M	USD	3 Qtrs
Net decrease in cash and cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-361.34M	USD	3 Qtrs
Cash and cash equivalents and restricted cash, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$221.61M	USD	Point-in-time
Cash and cash equivalents and restricted cash, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$503.63M	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`	$864.97M	USD	Point-in-time
Cash and cash equivalents and restricted cash, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$221.61M	USD	Point-in-time
Cash and cash equivalents and restricted cash, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$503.63M	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`	$864.97M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$368.41M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$461.29M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$179.49M	USD	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalentsAtCarryingValue`	$42.35M	USD	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalentsAtCarryingValue`	$47.73M	USD	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalentsAtCarryingValue`	$42.12M	USD	Point-in-time
Cash and cash equivalents and restricted cash, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$221.61M	USD	Point-in-time
Cash and cash equivalents and restricted cash, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$503.63M	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`	$864.97M	USD	Point-in-time
Cash paid for interest	`InterestPaidNet`	$34.12M	USD	3 Qtrs
Cash paid for interest	`InterestPaidNet`	$26.63M	USD	3 Qtrs
Cash paid for income taxes, net	`IncomeTaxesPaidNet`	$45.00K	USD	3 Qtrs
Cash paid for income taxes, net	`IncomeTaxesPaidNet`	$18.00K	USD	3 Qtrs
Operating cash flows used for operating leases	`OperatingLeasePayments`	$4.92M	USD	3 Qtrs
Operating cash flows used for operating leases	`OperatingLeasePayments`	$5.08M	USD	3 Qtrs
Changes in operating lease right-of-use assets	`IncreaseDecreaseInInOperatingLeaseRightOfUseAssetsNet`	$-2.80M	USD	3 Qtrs
Changes in operating lease right-of-use assets	`IncreaseDecreaseInInOperatingLeaseRightOfUseAssetsNet`	$-2.61M	USD	3 Qtrs
Changes in operating lease obligations	`IncreaseDecreaseInOperatingLeaseLiabilitiesNet`	$-3.81M	USD	3 Qtrs
Changes in operating lease obligations	`IncreaseDecreaseInOperatingLeaseLiabilitiesNet`	$-3.53M	USD	3 Qtrs
Changes in operating lease right-of-use assets and lease obligations, net	`IncreaseDecreaseInOperatingLeaseRightOfUseAssetsAndLiabilitiesNet`	$-923.00K	USD	3 Qtrs
Changes in operating lease right-of-use assets and lease obligations, net	`IncreaseDecreaseInOperatingLeaseRightOfUseAssetsAndLiabilitiesNet`	$-1.00M	USD	3 Qtrs
Accrued renovations and additions to hotel properties and other assets	`CapitalExpendituresIncurredButNotYetPaid`	$9.93M	USD	3 Qtrs
Accrued renovations and additions to hotel properties and other assets	`CapitalExpendituresIncurredButNotYetPaid`	$7.20M	USD	3 Qtrs
Issuance of preferred stock in connection with hotel acquisition	`StockIssued1`	$66.25M	USD	3 Qtrs
Preferred stock redemption charges	`PreferredStockRedemptionPremium`	$6.64M	USD	3 Qtrs
Amortization of deferred stock compensation - construction activities	`EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount`	$376.00K	USD	3 Qtrs
Amortization of deferred stock compensation - construction activities	`EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount`	$366.00K	USD	3 Qtrs
Dividends and distributions payable	`DividendsPayableCurrentAndNoncurrent`	$3.21M	USD	Point-in-time
Dividends and distributions payable	`DividendsPayableCurrentAndNoncurrent`	$3.11M	USD	Point-in-time

Stockholders Equity 40 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`	$2.34B	USD	Point-in-time
Beginning Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.13B	USD	Point-in-time
Beginning Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.62B	USD	Point-in-time
Beginning Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.22B	USD	Point-in-time
Beginning Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.10B	USD	Point-in-time
Beginning Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.10B	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`	$3.19M	USD	1 Quarter
Amortization of deferred stock compensation	`AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationRestrictedStockUnitsRequisiteServicePeriodRecognition`	$2.37M	USD	1 Quarter
Amortization of deferred stock compensation	`AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationRestrictedStockUnitsRequisiteServicePeriodRecognition`	$4.78M	USD	1 Quarter
Amortization of deferred stock compensation	`AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationRestrictedStockUnitsRequisiteServicePeriodRecognition`	$2.87M	USD	1 Quarter
Amortization of deferred stock compensation	`AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationRestrictedStockUnitsRequisiteServicePeriodRecognition`	$3.29M	USD	1 Quarter
Amortization of deferred stock compensation	`AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationRestrictedStockUnitsRequisiteServicePeriodRecognition`	$2.32M	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`	$-27.92M	USD	1 Quarter
Net loss	`ProfitLoss`	$-55.29M	USD	1 Quarter
Net loss	`ProfitLoss`	$-162.52M	USD	1 Quarter
Net loss	`ProfitLoss`	$-117.50M	USD	1 Quarter
Net loss	`ProfitLoss`	$-371.13M	USD	3 Qtrs
Net loss	`ProfitLoss`	$-105.33M	USD	3 Qtrs
Net loss	`ProfitLoss`	$-22.12M	USD	1 Quarter
Net loss	`ProfitLoss`	$-91.11M	USD	1 Quarter
Ending Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.34B	USD	Point-in-time
Ending Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.13B	USD	Point-in-time
Ending Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.62B	USD	Point-in-time
Ending Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.22B	USD	Point-in-time
Ending Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.10B	USD	Point-in-time
Ending Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.10B	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.