10-Q Filing

SUNSTONE HOTEL INVESTORS, INC. CIK: 1295810 Q3 2022

Filing Information

Form Type	10-Q
Accession Number	`0001558370-22-016802`
Period End Date	20220930
Filing Date	20221108
Fiscal Year	2022
Fiscal Period	Q3
XBRL Instance	sho-20220930x10q_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 79 Income Statement 98 Cash Flow Statement 111 Stockholders Equity 43

Balance Sheet 79 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`	$117.59M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$179.49M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$120.48M	USD	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalentsAtCarryingValue`	$42.23M	USD	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalentsAtCarryingValue`	$50.25M	USD	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalentsAtCarryingValue`	$42.12M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$28.73M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$45.75M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$14.34M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$14.37M	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`	$282.10M	USD	Point-in-time
Common stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	500.00M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$227.97M	USD	Point-in-time
Investment in hotel properties, net	`RealEstateInvestmentPropertyNet`	$2.72B	USD	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	211.57M	shares	Point-in-time
Investment in hotel properties, net	`RealEstateInvestmentPropertyNet`	$2.85B	USD	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	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`	219.33M	shares	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	211.57M	shares	Point-in-time
Operating lease right-of-use assets, net	`OperatingLeaseRightOfUseAsset`	$17.87M	USD	Point-in-time
Deferred financing costs, net	`DebtIssuanceCostsLineOfCreditArrangementsNet`	$2.58M	USD	Point-in-time
Deferred financing costs, net	`DebtIssuanceCostsLineOfCreditArrangementsNet`	$5.38M	USD	Point-in-time
Other assets, net	`OtherAssetsNoncurrent`	$13.20M	USD	Point-in-time
Other assets, net	`OtherAssetsNoncurrent`	$8.95M	USD	Point-in-time
Total assets	`Assets`	$3.04B	USD	Point-in-time
Total assets	`Assets`	$3.11B	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$60.51M	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`	$22.41M	USD	Point-in-time
Dividends and distributions payable	`DividendsPayableCurrent`	$3.51M	USD	Point-in-time
Dividends and distributions payable	`DividendsPayableCurrent`	$13.96M	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$58.88M	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$68.92M	USD	Point-in-time
Current portion of notes payable, net	`LongTermDebtCurrent`	$2.09M	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`	$167.89M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$175.76M	USD	Point-in-time
Notes payable, less current portion, net	`LongTermDebtNoncurrent`	$588.74M	USD	Point-in-time
Notes payable, less current portion, net	`LongTermDebtNoncurrent`	$810.91M	USD	Point-in-time
Operating lease obligations, less current portion	`OperatingLeaseLiabilityNoncurrent`	$18.35M	USD	Point-in-time
Operating lease obligations, less current portion	`OperatingLeaseLiabilityNoncurrent`	$25.12M	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$9.57M	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`	$1.01B	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, 211,570,211 shares issued and outstanding at September 30, 2022 and 219,333,783 shares issued and outstanding at December 31, 2021	`CommonStockValue`	$2.19M	USD	Point-in-time
Common stock, $0.01 par value, 500,000,000 shares authorized, 211,570,211 shares issued and outstanding at September 30, 2022 and 219,333,783 shares issued and outstanding at December 31, 2021	`CommonStockValue`	$2.12M	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapital`	$2.49B	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapital`	$2.63B	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$1.02B	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$948.06M	USD	Point-in-time
Cumulative dividends and distributions	`CumulativeDividends`	$1.66B	USD	Point-in-time
Cumulative dividends and distributions	`CumulativeDividends`	$1.69B	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$2.20B	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$2.10B	USD	Point-in-time
Noncontrolling interest in consolidated joint venture	`MinorityInterest`	$40.81M	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.10B	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.09B	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.03B	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.10B	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.21B	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`	$2.24B	USD	Point-in-time
Total liabilities and equity	`LiabilitiesAndStockholdersEquity`	$3.11B	USD	Point-in-time
Total liabilities and equity	`LiabilitiesAndStockholdersEquity`	$3.04B	USD	Point-in-time

Income Statement 98 line items

Line Item	Tag	Value	Unit	Period
Revenues	`RevenueFromContractWithCustomerExcludingAssessedTax`	$244.31M	USD	1 Quarter
Revenues	`RevenueFromContractWithCustomerExcludingAssessedTax`	$167.42M	USD	1 Quarter
Revenues	`RevenueFromContractWithCustomerExcludingAssessedTax`	$335.26M	USD	3 Qtrs
Revenues	`RevenueFromContractWithCustomerExcludingAssessedTax`	$667.91M	USD	3 Qtrs
Advertising and promotion	`AdvertisingExpense`	$20.80M	USD	3 Qtrs
Advertising and promotion	`AdvertisingExpense`	$34.42M	USD	3 Qtrs
Advertising and promotion	`AdvertisingExpense`	$8.88M	USD	1 Quarter
Advertising and promotion	`AdvertisingExpense`	$12.32M	USD	1 Quarter
Repairs and maintenance	`RepairsAndMaintenance`	$22.68M	USD	3 Qtrs
Repairs and maintenance	`RepairsAndMaintenance`	$9.38M	USD	1 Quarter
Repairs and maintenance	`RepairsAndMaintenance`	$27.37M	USD	3 Qtrs
Repairs and maintenance	`RepairsAndMaintenance`	$10.00M	USD	1 Quarter
Utilities	`UtilitiesExpense`	$15.00M	USD	3 Qtrs
Utilities	`UtilitiesExpense`	$19.65M	USD	3 Qtrs
Utilities	`UtilitiesExpense`	$7.71M	USD	1 Quarter
Utilities	`UtilitiesExpense`	$6.16M	USD	1 Quarter
Franchise costs	`CostsOfFranchisedOutlets`	$4.18M	USD	1 Quarter
Franchise costs	`CostsOfFranchisedOutlets`	$4.14M	USD	1 Quarter
Franchise costs	`CostsOfFranchisedOutlets`	$11.43M	USD	3 Qtrs
Franchise costs	`CostsOfFranchisedOutlets`	$7.47M	USD	3 Qtrs
Property tax, ground lease and insurance	`OccupancyNet`	$17.53M	USD	1 Quarter
Property tax, ground lease and insurance	`OccupancyNet`	$19.71M	USD	1 Quarter
Property tax, ground lease and insurance	`OccupancyNet`	$53.16M	USD	3 Qtrs
Property tax, ground lease and insurance	`OccupancyNet`	$47.82M	USD	3 Qtrs
Other property-level expenses	`OtherCostAndExpenseOperating`	$29.03M	USD	1 Quarter
Other property-level expenses	`OtherCostAndExpenseOperating`	$21.63M	USD	1 Quarter
Other property-level expenses	`OtherCostAndExpenseOperating`	$83.33M	USD	3 Qtrs
Other property-level expenses	`OtherCostAndExpenseOperating`	$48.18M	USD	3 Qtrs
Corporate overhead	`GeneralAndAdministrativeExpense`	$7.88M	USD	1 Quarter
Corporate overhead	`GeneralAndAdministrativeExpense`	$32.07M	USD	3 Qtrs
Corporate overhead	`GeneralAndAdministrativeExpense`	$27.31M	USD	3 Qtrs
Corporate overhead	`GeneralAndAdministrativeExpense`	$15.42M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$32.59M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$31.75M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$94.00M	USD	3 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$96.08M	USD	3 Qtrs
Impairment loss	`ImpairmentOfRealEstate`	$1.01M	USD	3 Qtrs
Impairment loss	`ImpairmentOfRealEstate`	$1.01M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$214.35M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$416.82M	USD	3 Qtrs
Total operating expenses	`OperatingExpenses`	$181.60M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$601.19M	USD	3 Qtrs
Interest and other income (loss)	`OtherNonoperatingIncomeExpense`	$2.00K	USD	1 Quarter
Interest and other income (loss)	`OtherNonoperatingIncomeExpense`	$4.77M	USD	3 Qtrs
Interest and other income (loss)	`OtherNonoperatingIncomeExpense`	$-356.00K	USD	3 Qtrs
Interest and other income (loss)	`OtherNonoperatingIncomeExpense`	$270.00K	USD	1 Quarter
Interest expense	`InterestExpense`	$7.98M	USD	1 Quarter
Interest expense	`InterestExpense`	$23.70M	USD	3 Qtrs
Interest expense	`InterestExpense`	$9.27M	USD	1 Quarter
Interest expense	`InterestExpense`	$20.29M	USD	3 Qtrs
Gain on sale of assets	`DisposalGroupNotDiscontinuedOperationGainLossOnDisposal`	$22.95M	USD	3 Qtrs
(Loss) gain on extinguishment of debt, net	`GainsLossesOnExtinguishmentOfDebt`	$371.00K	USD	3 Qtrs
(Loss) gain on extinguishment of debt, net	`GainsLossesOnExtinguishmentOfDebt`	$-962.00K	USD	3 Qtrs
(Loss) gain on extinguishment of debt, net	`GainsLossesOnExtinguishmentOfDebt`	$61.00K	USD	1 Quarter
(Loss) gain on extinguishment of debt, net	`GainsLossesOnExtinguishmentOfDebt`	$-770.00K	USD	1 Quarter
Income (loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$73.18M	USD	3 Qtrs
Income (loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-22.10M	USD	1 Quarter
Income (loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$20.20M	USD	1 Quarter
Income (loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-105.24M	USD	3 Qtrs
Income tax benefit (provision), net	`IncomeTaxExpenseBenefit`	$25.00K	USD	1 Quarter
Income tax benefit (provision), net	`IncomeTaxExpenseBenefit`	$-290.00K	USD	1 Quarter
Income tax benefit (provision), net	`IncomeTaxExpenseBenefit`	$91.00K	USD	3 Qtrs
Income tax benefit (provision), net	`IncomeTaxExpenseBenefit`	$-126.00K	USD	3 Qtrs
NET INCOME (LOSS)	`ProfitLoss`	$37.69M	USD	1 Quarter
NET INCOME (LOSS)	`ProfitLoss`	$73.30M	USD	3 Qtrs
NET INCOME (LOSS)	`ProfitLoss`	$-55.29M	USD	1 Quarter
NET INCOME (LOSS)	`ProfitLoss`	$-105.33M	USD	3 Qtrs
NET INCOME (LOSS)	`ProfitLoss`	$20.49M	USD	1 Quarter
NET INCOME (LOSS)	`ProfitLoss`	$15.12M	USD	1 Quarter
NET INCOME (LOSS)	`ProfitLoss`	$-27.92M	USD	1 Quarter
NET INCOME (LOSS)	`ProfitLoss`	$-22.12M	USD	1 Quarter
(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`	$-1.64M	USD	3 Qtrs
(Income) loss from consolidated joint venture attributable to noncontrolling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$3.48M	USD	3 Qtrs
Preferred stock dividends and redemption charges	`PreferredStockDividendsAndOtherAdjustments`	$10.90M	USD	3 Qtrs
Preferred stock dividends and redemption charges	`PreferredStockDividendsAndOtherAdjustments`	$3.35M	USD	1 Quarter
Preferred stock dividends and redemption charges	`PreferredStockDividendsAndOtherAdjustments`	$6.29M	USD	1 Quarter
Preferred stock dividends and redemption charges	`PreferredStockDividendsAndOtherAdjustments`	$17.29M	USD	3 Qtrs
INCOME (LOSS) ATTRIBUTABLE TO COMMON STOCKHOLDERS	`EarningsLossBeforeDistributedAndUndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic`	$-29.34M	USD	1 Quarter
INCOME (LOSS) ATTRIBUTABLE TO COMMON STOCKHOLDERS	`EarningsLossBeforeDistributedAndUndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic`	$17.14M	USD	1 Quarter
INCOME (LOSS) ATTRIBUTABLE TO COMMON STOCKHOLDERS	`EarningsLossBeforeDistributedAndUndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic`	$-120.98M	USD	3 Qtrs
INCOME (LOSS) ATTRIBUTABLE TO COMMON STOCKHOLDERS	`EarningsLossBeforeDistributedAndUndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic`	$58.93M	USD	3 Qtrs
Basic income (loss) attributable to common stockholders per common share (in dollars per share)	`EarningsPerShareBasic`	$-0.56	USD	3 Qtrs
Basic income (loss) attributable to common stockholders per common share (in dollars per share)	`EarningsPerShareBasic`	$0.27	USD	3 Qtrs
Basic income (loss) attributable to common stockholders per common share (in dollars per share)	`EarningsPerShareBasic`	$0.08	USD	1 Quarter
Basic income (loss) attributable to common stockholders per common share (in dollars per share)	`EarningsPerShareBasic`	$-0.13	USD	1 Quarter
Diluted income (loss) attributable to common stockholders per common share (in dollars per share)	`EarningsPerShareDiluted`	$0.27	USD	3 Qtrs
Diluted income (loss) attributable to common stockholders per common share (in dollars per share)	`EarningsPerShareDiluted`	$-0.13	USD	1 Quarter
Diluted income (loss) attributable to common stockholders per common share (in dollars per share)	`EarningsPerShareDiluted`	$0.08	USD	1 Quarter
Diluted income (loss) attributable to common stockholders per common share (in dollars per share)	`EarningsPerShareDiluted`	$-0.56	USD	3 Qtrs
Basic weighted average common shares outstanding (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	215.76M	shares	3 Qtrs
Basic weighted average common shares outstanding (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	211.01M	shares	1 Quarter
Basic weighted average common shares outstanding (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	213.80M	shares	3 Qtrs
Basic weighted average common shares outstanding (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	217.71M	shares	1 Quarter
Diluted weighted average common shares outstanding (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	213.87M	shares	3 Qtrs
Diluted weighted average common shares outstanding (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	215.76M	shares	3 Qtrs
Diluted weighted average common shares outstanding (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	211.29M	shares	1 Quarter
Diluted weighted average common shares outstanding (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	217.71M	shares	1 Quarter

Cash Flow Statement 111 line items

Line Item	Tag	Value	Unit	Period
Net income (loss)	`ProfitLoss`	$37.69M	USD	1 Quarter
Net income (loss)	`ProfitLoss`	$73.30M	USD	3 Qtrs
Net income (loss)	`ProfitLoss`	$-55.29M	USD	1 Quarter
Net income (loss)	`ProfitLoss`	$-105.33M	USD	3 Qtrs
Net income (loss)	`ProfitLoss`	$20.49M	USD	1 Quarter
Net income (loss)	`ProfitLoss`	$15.12M	USD	1 Quarter
Net income (loss)	`ProfitLoss`	$-27.92M	USD	1 Quarter
Net income (loss)	`ProfitLoss`	$-22.12M	USD	1 Quarter
Bad debt expense	`ProvisionForDoubtfulAccounts`	$322.00K	USD	3 Qtrs
Bad debt expense	`ProvisionForDoubtfulAccounts`	$846.00K	USD	3 Qtrs
(Gain) loss on sale of assets	`GainLossOnDispositionOfAssets1`	$-82.00K	USD	3 Qtrs
(Gain) loss on sale of assets	`GainLossOnDispositionOfAssets1`	$22.95M	USD	3 Qtrs
Loss (gain) on extinguishment of debt, net	`GainsLossesOnExtinguishmentOfDebt`	$371.00K	USD	3 Qtrs
Loss (gain) on extinguishment of debt, net	`GainsLossesOnExtinguishmentOfDebt`	$-962.00K	USD	3 Qtrs
Loss (gain) on extinguishment of debt, net	`GainsLossesOnExtinguishmentOfDebt`	$61.00K	USD	1 Quarter
Loss (gain) on extinguishment of debt, net	`GainsLossesOnExtinguishmentOfDebt`	$-770.00K	USD	1 Quarter
Noncash interest on derivatives, net	`IncreaseDecreaseInDerivativeAssetsAndLiabilities`	$2.90M	USD	3 Qtrs
Noncash interest on derivatives, net	`IncreaseDecreaseInDerivativeAssetsAndLiabilities`	$2.19M	USD	3 Qtrs
Depreciation	`Depreciation`	$96.05M	USD	3 Qtrs
Depreciation	`Depreciation`	$93.57M	USD	3 Qtrs
Amortization of franchise fees and other intangibles	`AmortizationOfIntangibleAssets`	$31.00K	USD	3 Qtrs
Amortization of franchise fees and other intangibles	`AmortizationOfIntangibleAssets`	$387.00K	USD	3 Qtrs
Amortization of deferred financing costs	`AmortizationOfFinancingCosts`	$1.94M	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`	$589.00K	USD	1 Quarter
Amortization of deferred stock compensation	`ShareBasedCompensation`	$8.66M	USD	3 Qtrs
Amortization of deferred stock compensation	`ShareBasedCompensation`	$10.58M	USD	3 Qtrs
Gain on hurricane-related damage	`InsuredEventGainLoss`	$4.37M	USD	3 Qtrs
Impairment loss	`ImpairmentOfRealEstate`	$1.01M	USD	3 Qtrs
Impairment loss	`ImpairmentOfRealEstate`	$1.01M	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$20.24M	USD	3 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$16.28M	USD	3 Qtrs
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-5.46M	USD	3 Qtrs
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$3.23M	USD	3 Qtrs
Accounts payable and other liabilities	`IncreaseDecreaseInAccountsPayableAndOtherOperatingLiabilities`	$10.83M	USD	3 Qtrs
Accounts payable and other liabilities	`IncreaseDecreaseInAccountsPayableAndOtherOperatingLiabilities`	$23.40M	USD	3 Qtrs
Accrued payroll and employee benefits	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$1.28M	USD	3 Qtrs
Accrued payroll and employee benefits	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$7.08M	USD	3 Qtrs
Operating lease right-of-use assets and obligations	`IncreaseDecreaseInOperatingLeaseRightOfUseAssetsAndLiabilitiesNet`	$-1.00M	USD	3 Qtrs
Operating lease right-of-use assets and obligations	`IncreaseDecreaseInOperatingLeaseRightOfUseAssetsAndLiabilitiesNet`	$-1.05M	USD	3 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$149.70M	USD	3 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$8.40M	USD	3 Qtrs
Proceeds from sale of assets	`ProceedsFromSalesOfAssetsInvestingActivities`	$191.29M	USD	3 Qtrs
Acquisition and disposition deposits, net	`PaymentsForProceedsFromDepositsOnRealEstateAcquisitions`	$3.90M	USD	3 Qtrs
Proceeds from property insurance	`ProceedsFromInsuranceSettlementInvestingActivities`	$4.37M	USD	3 Qtrs
Acquisitions of hotel properties and other assets	`PaymentsToAcquireCommercialRealEstate`	$195.71M	USD	3 Qtrs
Acquisitions of hotel properties and other assets	`PaymentsToAcquireCommercialRealEstate`	$232.51M	USD	3 Qtrs
Renovations and additions to hotel properties and other assets	`PaymentsForCapitalImprovements`	$97.54M	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
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-134.38M	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-241.60M	USD	3 Qtrs
Acquisition of noncontrolling interest, including transaction costs	`PaymentForAcquisitionOfNoncontrollingInterest`	$101.35M	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`	$86.65M	USD	3 Qtrs
Repurchases of common stock for employee tax obligations	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$3.35M	USD	3 Qtrs
Repurchases of common stock for employee tax obligations	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$4.88M	USD	3 Qtrs
Proceeds from credit facility	`ProceedsFromUnsecuredLinesOfCredit`	$230.00M	USD	3 Qtrs
Payment on credit facility	`RepaymentsOfLongTermLinesOfCredit`	$230.00M	USD	3 Qtrs
Proceeds from notes payable	`ProceedsFromIssuanceOfDebt`	$243.62M	USD	3 Qtrs
Payments on notes payable	`RepaymentsOfDebt`	$38.41M	USD	3 Qtrs
Payments on notes payable	`RepaymentsOfDebt`	$2.46M	USD	3 Qtrs
Payments of deferred financing costs	`PaymentsOfFinancingCosts`	$7.40M	USD	3 Qtrs
Dividends and distributions paid	`PaymentsOfDividends`	$11.06M	USD	3 Qtrs
Dividends and distributions paid	`PaymentsOfDividends`	$10.74M	USD	3 Qtrs
Distribution to noncontrolling interest	`PaymentsToMinorityShareholders`	$5.50M	USD	3 Qtrs
Contribution from noncontrolling interest	`ProceedsFromMinorityShareholders`	$1.38M	USD	3 Qtrs
Net cash (used in) provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-10.19M	USD	3 Qtrs
Net cash (used in) provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$38.66M	USD	3 Qtrs
Net increase (decrease) in cash and cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$5.12M	USD	3 Qtrs
Net increase (decrease) in cash and cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-194.53M	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`	$167.84M	USD	Point-in-time
Cash and cash equivalents and restricted cash, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$162.72M	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`	$221.61M	USD	Point-in-time
Cash and cash equivalents and restricted cash, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$167.84M	USD	Point-in-time
Cash and cash equivalents and restricted cash, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$162.72M	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`	$117.59M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$179.49M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$120.48M	USD	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalentsAtCarryingValue`	$42.23M	USD	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalentsAtCarryingValue`	$50.25M	USD	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalentsAtCarryingValue`	$42.12M	USD	Point-in-time
Total cash and cash equivalents and restricted cash shown on the consolidated statements of cash flows	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$221.61M	USD	Point-in-time
Total cash and cash equivalents and restricted cash shown on the consolidated statements of cash flows	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$167.84M	USD	Point-in-time
Total cash and cash equivalents and restricted cash shown on the consolidated statements of cash flows	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$162.72M	USD	Point-in-time
Total cash and cash equivalents and restricted cash shown on the consolidated statements of cash flows	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$416.14M	USD	Point-in-time
Cash paid for interest	`InterestPaidNet`	$26.63M	USD	3 Qtrs
Cash paid for interest	`InterestPaidNet`	$24.28M	USD	3 Qtrs
Cash paid for income taxes, net	`IncomeTaxesPaidNet`	$-218.00K	USD	3 Qtrs
Cash paid for income taxes, net	`IncomeTaxesPaidNet`	$-45.00K	USD	3 Qtrs
Operating cash flows used for operating leases	`OperatingLeasePayments`	$5.08M	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`	$-3.02M	USD	3 Qtrs
Changes in operating lease right-of-use assets	`IncreaseDecreaseInInOperatingLeaseRightOfUseAssetsNet`	$-2.80M	USD	3 Qtrs
Changes in operating lease obligations	`IncreaseDecreaseInOperatingLeaseLiabilitiesNet`	$-4.07M	USD	3 Qtrs
Changes in operating lease obligations	`IncreaseDecreaseInOperatingLeaseLiabilitiesNet`	$-3.81M	USD	3 Qtrs
Changes in operating lease right-of-use assets and lease obligations, net	`IncreaseDecreaseInOperatingLeaseRightOfUseAssetsAndLiabilitiesNet`	$-1.00M	USD	3 Qtrs
Changes in operating lease right-of-use assets and lease obligations, net	`IncreaseDecreaseInOperatingLeaseRightOfUseAssetsAndLiabilitiesNet`	$-1.05M	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`	$17.63M	USD	3 Qtrs
Amortization of deferred stock compensation - construction activities	`EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount`	$361.00K	USD	3 Qtrs
Amortization of deferred stock compensation - construction activities	`EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount`	$366.00K	USD	3 Qtrs
Preferred stock redemption charges	`PreferredStockRedemptionPremium`	$6.64M	USD	3 Qtrs
Dividends and distributions payable	`DividendsPayableCurrentAndNoncurrent`	$3.11M	USD	Point-in-time
Dividends and distributions payable	`DividendsPayableCurrentAndNoncurrent`	$13.96M	USD	Point-in-time

Stockholders Equity 43 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`	$2.10B	USD	Point-in-time
Beginning Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.09B	USD	Point-in-time
Beginning Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.03B	USD	Point-in-time
Beginning Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.10B	USD	Point-in-time
Beginning Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.21B	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`	$2.24B	USD	Point-in-time
Amortization of deferred stock compensation	`AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationRestrictedStockUnitsRequisiteServicePeriodRecognition`	$3.70M	USD	1 Quarter
Amortization of deferred stock compensation	`AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationRestrictedStockUnitsRequisiteServicePeriodRecognition`	$3.29M	USD	1 Quarter
Amortization of deferred stock compensation	`AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationRestrictedStockUnitsRequisiteServicePeriodRecognition`	$2.97M	USD	1 Quarter
Amortization of deferred stock compensation	`AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationRestrictedStockUnitsRequisiteServicePeriodRecognition`	$2.35M	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
Issuance of restricted common stock, net	`RestrictedStockValueSharesIssuedNetOfTaxWithholdings`	$-3.52M	USD	1 Quarter
Issuance of restricted common stock, net	`RestrictedStockValueSharesIssuedNetOfTaxWithholdings`	$-1.36M	USD	1 Quarter
Issuance of restricted common stock, net	`RestrictedStockValueSharesIssuedNetOfTaxWithholdings`	$-3.35M	USD	1 Quarter
Common stock distributions and distributions payable	`DividendsCommonStockCash`	$10.61M	USD	1 Quarter
Distribution to noncontrolling interest	`MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders`	$5.50M	USD	1 Quarter
Contribution from noncontrolling interest	`NoncontrollingInterestIncreaseFromSubsidiaryEquityIssuance`	$1.38M	USD	1 Quarter
Issuance of restricted common stock	`StockIssuedDuringPeriodValueRestrictedStockAwardGross`	$-91.00K	USD	1 Quarter
Repurchases of outstanding common stock	`StockRepurchasedDuringPeriodValue`	$34.52M	USD	1 Quarter
Repurchases of outstanding common stock	`StockRepurchasedDuringPeriodValue`	$43.47M	USD	1 Quarter
Repurchases of outstanding common stock	`StockRepurchasedDuringPeriodValue`	$8.67M	USD	1 Quarter
Net proceeds from issuance of common stock	`StockIssuedDuringPeriodValueNewIssues`	$37.66M	USD	1 Quarter
Acquisition of noncontrolling interest, net	`AcquisitionOfNoncontrollingInterest`	$101.35M	USD	1 Quarter
Net income (loss)	`ProfitLoss`	$37.69M	USD	1 Quarter
Net income (loss)	`ProfitLoss`	$73.30M	USD	3 Qtrs
Net income (loss)	`ProfitLoss`	$-55.29M	USD	1 Quarter
Net income (loss)	`ProfitLoss`	$-105.33M	USD	3 Qtrs
Net income (loss)	`ProfitLoss`	$20.49M	USD	1 Quarter
Net income (loss)	`ProfitLoss`	$15.12M	USD	1 Quarter
Net income (loss)	`ProfitLoss`	$-27.92M	USD	1 Quarter
Net income (loss)	`ProfitLoss`	$-22.12M	USD	1 Quarter
Ending Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.10B	USD	Point-in-time
Ending Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.09B	USD	Point-in-time
Ending Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.03B	USD	Point-in-time
Ending Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.10B	USD	Point-in-time
Ending Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.21B	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`	$2.24B	USD	Point-in-time

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