10-Q Filing

SUNSTONE HOTEL INVESTORS, INC. CIK: 1295810 Q1 2022

Filing Information

Form Type	10-Q
Accession Number	`0001558370-22-007081`
Period End Date	20220331
Filing Date	20220504
Fiscal Year	2022
Fiscal Period	Q1
XBRL Instance	sho-20220331x10q_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 76 Income Statement 43 Cash Flow Statement 86 Stockholders Equity 16

Balance Sheet 76 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`	$320.27M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$120.48M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$214.91M	USD	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalentsAtCarryingValue`	$44.98M	USD	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalentsAtCarryingValue`	$39.48M	USD	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalentsAtCarryingValue`	$42.23M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$35.35M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$28.73M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$14.34M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$18.14M	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Assets held for sale, net	`AssetsOfDisposalGroupIncludingDiscontinuedOperationCurrent`	$76.31M	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
Total current assets	`AssetsCurrent`	$307.87M	USD	Point-in-time
Common stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	500.00M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$282.10M	USD	Point-in-time
Investment in hotel properties, net	`RealEstateInvestmentPropertyNet`	$2.61B	USD	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	215.67M	shares	Point-in-time
Investment in hotel properties, net	`RealEstateInvestmentPropertyNet`	$2.72B	USD	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	219.33M	shares	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	219.33M	shares	Point-in-time
Operating lease right-of-use assets, net	`OperatingLeaseRightOfUseAsset`	$23.16M	USD	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	215.67M	shares	Point-in-time
Operating lease right-of-use assets, net	`OperatingLeaseRightOfUseAsset`	$19.88M	USD	Point-in-time
Deferred financing costs, net	`DebtIssuanceCostsLineOfCreditArrangementsNet`	$2.08M	USD	Point-in-time
Deferred financing costs, net	`DebtIssuanceCostsLineOfCreditArrangementsNet`	$2.58M	USD	Point-in-time
Other assets, net	`OtherAssetsNoncurrent`	$13.20M	USD	Point-in-time
Other assets, net	`OtherAssetsNoncurrent`	$9.61M	USD	Point-in-time
Total assets	`Assets`	$2.95B	USD	Point-in-time
Total assets	`Assets`	$3.04B	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$55.90M	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$47.70M	USD	Point-in-time
Accrued payroll and employee benefits	`EmployeeRelatedLiabilitiesCurrent`	$19.75M	USD	Point-in-time
Accrued payroll and employee benefits	`EmployeeRelatedLiabilitiesCurrent`	$14.80M	USD	Point-in-time
Dividends payable	`DividendsPayableCurrent`	$3.77M	USD	Point-in-time
Dividends payable	`DividendsPayableCurrent`	$3.51M	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$58.88M	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$65.67M	USD	Point-in-time
Current portion of notes payable, net	`LongTermDebtCurrent`	$109.74M	USD	Point-in-time
Current portion of notes payable, net	`LongTermDebtCurrent`	$20.69M	USD	Point-in-time
Liabilities of assets held for sale	`LiabilitiesOfDisposalGroupIncludingDiscontinuedOperationCurrent`	$25.21M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$249.89M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$175.76M	USD	Point-in-time
Notes payable, less current portion, net	`LongTermDebtNoncurrent`	$464.60M	USD	Point-in-time
Notes payable, less current portion, net	`LongTermDebtNoncurrent`	$588.74M	USD	Point-in-time
Operating lease obligations, less current portion	`OperatingLeaseLiabilityNoncurrent`	$25.12M	USD	Point-in-time
Operating lease obligations, less current portion	`OperatingLeaseLiabilityNoncurrent`	$21.23M	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$9.14M	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$11.66M	USD	Point-in-time
Total liabilities	`Liabilities`	$801.27M	USD	Point-in-time
Total liabilities	`Liabilities`	$744.86M	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, 215,667,937 shares issued and outstanding at March 31, 2022 and 219,333,783 shares issued and outstanding at December 31, 2021	`CommonStockValue`	$2.16M	USD	Point-in-time
Common stock, $0.01 par value, 500,000,000 shares authorized, 215,667,937 shares issued and outstanding at March 31, 2022 and 219,333,783 shares issued and outstanding at December 31, 2021	`CommonStockValue`	$2.19M	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`	$948.06M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$962.05M	USD	Point-in-time
Cumulative dividends and distributions	`CumulativeDividends`	$1.66B	USD	Point-in-time
Cumulative dividends and distributions	`CumulativeDividends`	$1.67B	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$2.17B	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$2.20B	USD	Point-in-time
Noncontrolling interest in consolidated joint venture	`MinorityInterest`	$40.81M	USD	Point-in-time
Noncontrolling interest in consolidated joint venture	`MinorityInterest`	$41.94M	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.24B	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.21B	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.09B	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.03B	USD	Point-in-time
Total liabilities and equity	`LiabilitiesAndStockholdersEquity`	$3.04B	USD	Point-in-time
Total liabilities and equity	`LiabilitiesAndStockholdersEquity`	$2.95B	USD	Point-in-time

Income Statement 43 line items

Line Item	Tag	Value	Unit	Period
Revenues	`RevenueFromContractWithCustomerExcludingAssessedTax`	$172.31M	USD	1 Quarter
Revenues	`RevenueFromContractWithCustomerExcludingAssessedTax`	$50.63M	USD	1 Quarter
Advertising and promotion	`AdvertisingExpense`	$10.47M	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`	$9.71M	USD	1 Quarter
Utilities	`UtilitiesExpense`	$5.71M	USD	1 Quarter
Utilities	`UtilitiesExpense`	$4.15M	USD	1 Quarter
Franchise costs	`CostsOfFranchisedOutlets`	$3.00M	USD	1 Quarter
Franchise costs	`CostsOfFranchisedOutlets`	$991.00K	USD	1 Quarter
Property tax, ground lease and insurance	`OccupancyNet`	$15.99M	USD	1 Quarter
Property tax, ground lease and insurance	`OccupancyNet`	$14.66M	USD	1 Quarter
Other property-level expenses	`OtherCostAndExpenseOperating`	$23.91M	USD	1 Quarter
Other property-level expenses	`OtherCostAndExpenseOperating`	$10.48M	USD	1 Quarter
Corporate overhead	`GeneralAndAdministrativeExpense`	$10.71M	USD	1 Quarter
Corporate overhead	`GeneralAndAdministrativeExpense`	$7.18M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$30.77M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$31.36M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$179.09M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$98.07M	USD	1 Quarter
Interest and other income (loss)	`OtherNonoperatingIncomeExpense`	$4.38M	USD	1 Quarter
Interest and other income (loss)	`OtherNonoperatingIncomeExpense`	$-379.00K	USD	1 Quarter
Interest expense	`InterestExpense`	$5.08M	USD	1 Quarter
Interest expense	`InterestExpense`	$7.65M	USD	1 Quarter
Gain on sale of assets	`DisposalGroupNotDiscontinuedOperationGainLossOnDisposal`	$22.95M	USD	1 Quarter
(Loss) gain on extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	$222.00K	USD	1 Quarter
(Loss) gain on extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	$-213.00K	USD	1 Quarter
Income (loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$15.26M	USD	1 Quarter
Income (loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-55.24M	USD	1 Quarter
Income tax provision	`IncomeTaxExpenseBenefit`	$136.00K	USD	1 Quarter
Income tax provision	`IncomeTaxExpenseBenefit`	$43.00K	USD	1 Quarter
NET INCOME (LOSS)	`ProfitLoss`	$15.12M	USD	1 Quarter
NET INCOME (LOSS)	`ProfitLoss`	$-55.29M	USD	1 Quarter
(Income) loss from consolidated joint venture attributable to noncontrolling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$1.98M	USD	1 Quarter
(Income) loss from consolidated joint venture attributable to noncontrolling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$-1.13M	USD	1 Quarter
Preferred stock dividends	`PreferredStockDividendsIncomeStatementImpact`	$3.21M	USD	1 Quarter
Preferred stock dividends	`PreferredStockDividendsIncomeStatementImpact`	$3.77M	USD	1 Quarter
INCOME (LOSS) ATTRIBUTABLE TO COMMON STOCKHOLDERS	`EarningsLossBeforeDistributedAndUndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic`	$-56.52M	USD	1 Quarter
INCOME (LOSS) ATTRIBUTABLE TO COMMON STOCKHOLDERS	`EarningsLossBeforeDistributedAndUndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic`	$10.22M	USD	1 Quarter
Basic and diluted income (loss) attributable to common stockholders per common share (in dollars per share)	`EarningsPerShareBasicAndDiluted`	$-0.26	USD	1 Quarter
Basic and diluted income (loss) attributable to common stockholders per common share (in dollars per share)	`EarningsPerShareBasicAndDiluted`	$0.05	USD	1 Quarter
Basic and diluted weighted average common shares outstanding (in shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	217.27M	shares	1 Quarter
Basic and diluted weighted average common shares outstanding (in shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	214.44M	shares	1 Quarter

Cash Flow Statement 86 line items

Line Item	Tag	Value	Unit	Period
Net income (loss)	`ProfitLoss`	$15.12M	USD	1 Quarter
Net income (loss)	`ProfitLoss`	$-55.29M	USD	1 Quarter
Bad debt expense	`ProvisionForDoubtfulAccounts`	$16.00K	USD	1 Quarter
Bad debt expense	`ProvisionForDoubtfulAccounts`	$64.00K	USD	1 Quarter
(Gain) loss on sale of assets	`GainLossOnDispositionOfAssets1`	$-70.00K	USD	1 Quarter
(Gain) loss on sale of assets	`GainLossOnDispositionOfAssets1`	$22.95M	USD	1 Quarter
Loss (gain) on extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	$222.00K	USD	1 Quarter
Loss (gain) on extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	$-213.00K	USD	1 Quarter
Noncash interest on derivatives, net	`IncreaseDecreaseInDerivativeAssetsAndLiabilities`	$1.84M	USD	1 Quarter
Noncash interest on derivatives, net	`IncreaseDecreaseInDerivativeAssetsAndLiabilities`	$869.00K	USD	1 Quarter
Depreciation	`Depreciation`	$31.29M	USD	1 Quarter
Depreciation	`Depreciation`	$30.76M	USD	1 Quarter
Amortization of franchise fees and other intangibles	`AmortizationOfIntangibleAssets`	$66.00K	USD	1 Quarter
Amortization of franchise fees and other intangibles	`AmortizationOfIntangibleAssets`	$10.00K	USD	1 Quarter
Amortization of deferred financing costs	`AmortizationOfFinancingCosts`	$735.00K	USD	1 Quarter
Amortization of deferred financing costs	`AmortizationOfFinancingCosts`	$680.00K	USD	1 Quarter
Amortization of deferred stock compensation	`ShareBasedCompensation`	$2.75M	USD	1 Quarter
Amortization of deferred stock compensation	`ShareBasedCompensation`	$3.58M	USD	1 Quarter
Gain on hurricane-related damage	`InsuredEventGainLoss`	$4.37M	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$4.61M	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$5.93M	USD	1 Quarter
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$776.00K	USD	1 Quarter
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$136.00K	USD	1 Quarter
Accounts payable and other liabilities	`IncreaseDecreaseInAccountsPayableAndOtherOperatingLiabilities`	$3.32M	USD	1 Quarter
Accounts payable and other liabilities	`IncreaseDecreaseInAccountsPayableAndOtherOperatingLiabilities`	$-8.46M	USD	1 Quarter
Accrued payroll and employee benefits	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$-5.61M	USD	1 Quarter
Accrued payroll and employee benefits	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$-1.96M	USD	1 Quarter
Operating lease right-of-use assets and obligations	`IncreaseDecreaseInOperatingLeaseRightOfUseAssetsAndLiabilitiesNet`	$-331.00K	USD	1 Quarter
Operating lease right-of-use assets and obligations	`IncreaseDecreaseInOperatingLeaseRightOfUseAssetsAndLiabilitiesNet`	$-346.00K	USD	1 Quarter
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-38.17M	USD	1 Quarter
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$13.15M	USD	1 Quarter
Proceeds from sale of assets	`ProceedsFromSalesOfAssetsInvestingActivities`	$191.29M	USD	1 Quarter
Proceeds from property insurance	`ProceedsFromInsuranceSettlementInvestingActivities`	$3.91M	USD	1 Quarter
Acquisitions of hotel properties and other assets	`PaymentsToAcquireCommercialRealEstate`	$546.00K	USD	1 Quarter
Renovations and additions to hotel properties and other assets	`PaymentsForCapitalImprovements`	$30.30M	USD	1 Quarter
Renovations and additions to hotel properties and other assets	`PaymentsForCapitalImprovements`	$6.53M	USD	1 Quarter
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$164.36M	USD	1 Quarter
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-6.53M	USD	1 Quarter
Repurchases of outstanding common stock	`PaymentsForRepurchaseOfCommonStock`	$43.47M	USD	1 Quarter
Repurchases of common stock for employee tax obligations	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$3.35M	USD	1 Quarter
Repurchases of common stock for employee tax obligations	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$3.52M	USD	1 Quarter
Payments on notes payable	`RepaymentsOfDebt`	$35.50M	USD	1 Quarter
Payments on notes payable	`RepaymentsOfDebt`	$832.00K	USD	1 Quarter
Dividends paid	`PaymentsOfDividends`	$3.21M	USD	1 Quarter
Dividends paid	`PaymentsOfDividends`	$3.51M	USD	1 Quarter
Contribution from noncontrolling interest	`ProceedsFromMinorityShareholders`	$1.38M	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-85.83M	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-6.18M	USD	1 Quarter
Net increase (decrease) in cash and cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-50.88M	USD	1 Quarter
Net increase (decrease) in cash and cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$91.67M	USD	1 Quarter
Cash and cash equivalents and restricted cash, beginning of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$162.72M	USD	Point-in-time
Cash and cash equivalents and restricted cash, beginning of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$416.14M	USD	Point-in-time
Cash and cash equivalents and restricted cash, beginning of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$365.26M	USD	Point-in-time
Cash and cash equivalents and restricted cash, beginning of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$254.39M	USD	Point-in-time
Cash and cash equivalents and restricted cash, end of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$162.72M	USD	Point-in-time
Cash and cash equivalents and restricted cash, end of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$416.14M	USD	Point-in-time
Cash and cash equivalents and restricted cash, end of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$365.26M	USD	Point-in-time
Cash and cash equivalents and restricted cash, end of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$254.39M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$320.27M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$120.48M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$214.91M	USD	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalentsAtCarryingValue`	$44.98M	USD	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalentsAtCarryingValue`	$39.48M	USD	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalentsAtCarryingValue`	$42.23M	USD	Point-in-time
Cash and cash equivalents and restricted cash, end of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$162.72M	USD	Point-in-time
Cash and cash equivalents and restricted cash, end of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$416.14M	USD	Point-in-time
Cash and cash equivalents and restricted cash, end of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$365.26M	USD	Point-in-time
Cash and cash equivalents and restricted cash, end of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$254.39M	USD	Point-in-time
Cash paid for interest	`InterestPaidNet`	$9.76M	USD	1 Quarter
Cash paid for interest	`InterestPaidNet`	$10.70M	USD	1 Quarter
Cash paid (refunds) for income taxes, net	`IncomeTaxesPaidNet`	$103.00K	USD	1 Quarter
Cash paid (refunds) for income taxes, net	`IncomeTaxesPaidNet`	$-28.00K	USD	1 Quarter
Operating cash flows used for operating leases	`OperatingLeasePayments`	$1.66M	USD	1 Quarter
Operating cash flows used for operating leases	`OperatingLeasePayments`	$1.73M	USD	1 Quarter
Changes in operating lease right-of-use assets	`IncreaseDecreaseInInOperatingLeaseRightOfUseAssetsNet`	$-1.01M	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`	$-1.35M	USD	1 Quarter
Changes in operating lease right-of-use assets and lease obligations, net	`IncreaseDecreaseInOperatingLeaseRightOfUseAssetsAndLiabilitiesNet`	$-331.00K	USD	1 Quarter
Changes in operating lease right-of-use assets and lease obligations, net	`IncreaseDecreaseInOperatingLeaseRightOfUseAssetsAndLiabilitiesNet`	$-346.00K	USD	1 Quarter
Accrued renovations and additions to hotel properties and other assets	`CapitalExpendituresIncurredButNotYetPaid`	$5.40M	USD	1 Quarter
Accrued renovations and additions to hotel properties and other assets	`CapitalExpendituresIncurredButNotYetPaid`	$19.05M	USD	1 Quarter
Amortization of deferred stock compensation - construction activities	`EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount`	$123.00K	USD	1 Quarter
Amortization of deferred stock compensation - construction activities	`EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount`	$117.00K	USD	1 Quarter
Dividends payable	`DividendsPayableCurrentAndNoncurrent`	$3.77M	USD	Point-in-time
Dividends payable	`DividendsPayableCurrentAndNoncurrent`	$3.21M	USD	Point-in-time

Stockholders Equity 16 line items

Line Item	Tag	Value	Unit	Period
Beginning Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.24B	USD	Point-in-time
Beginning Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.21B	USD	Point-in-time
Beginning Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.09B	USD	Point-in-time
Beginning Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.03B	USD	Point-in-time
Amortization of deferred stock compensation	`AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationRestrictedStockUnitsRequisiteServicePeriodRecognition`	$3.70M	USD	1 Quarter
Amortization of deferred stock compensation	`AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationRestrictedStockUnitsRequisiteServicePeriodRecognition`	$2.87M	USD	1 Quarter
Issuance of restricted common stock, net	`RestrictedStockValueSharesIssuedNetOfTaxWithholdings`	$-3.35M	USD	1 Quarter
Issuance of restricted common stock, net	`RestrictedStockValueSharesIssuedNetOfTaxWithholdings`	$-3.52M	USD	1 Quarter
Contribution from noncontrolling interest	`NoncontrollingInterestIncreaseFromSubsidiaryEquityIssuance`	$1.38M	USD	1 Quarter
Repurchases of outstanding common stock	`StockRepurchasedDuringPeriodValue`	$43.47M	USD	1 Quarter
Net income (loss)	`ProfitLoss`	$15.12M	USD	1 Quarter
Net income (loss)	`ProfitLoss`	$-55.29M	USD	1 Quarter
Ending Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.24B	USD	Point-in-time
Ending Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.21B	USD	Point-in-time
Ending Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.09B	USD	Point-in-time
Ending Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.03B	USD	Point-in-time

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