10-Q Filing

SUNSTONE HOTEL INVESTORS, INC. CIK: 1295810 Q1 2023

Filing Information

Form Type	10-Q
Accession Number	`0001558370-23-008251`
Period End Date	20230331
Filing Date	20230505
Fiscal Year	2023
Fiscal Period	Q1
XBRL Instance	sho-20230331x10q_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 72 Income Statement 46 Cash Flow Statement 94 Stockholders Equity 18

Balance Sheet 72 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`	$101.22M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$214.91M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$96.39M	USD	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalentsAtCarryingValue`	$55.98M	USD	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalentsAtCarryingValue`	$39.48M	USD	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalentsAtCarryingValue`	$49.12M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$42.09M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$41.98M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$14.67M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$20.50M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$213.97M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$207.98M	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
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`	$2.84B	USD	Point-in-time
Investment in hotel properties, net	`RealEstateInvestmentPropertyNet`	$2.84B	USD	Point-in-time
Operating lease right-of-use assets, net	`OperatingLeaseRightOfUseAsset`	$15.03M	USD	Point-in-time
Operating lease right-of-use assets, net	`OperatingLeaseRightOfUseAsset`	$16.10M	USD	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	209.32M	shares	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	207.41M	shares	Point-in-time
Deferred financing costs, net	`DebtIssuanceCostsLineOfCreditArrangementsNet`	$4.68M	USD	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	207.41M	shares	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	209.32M	shares	Point-in-time
Deferred financing costs, net	`DebtIssuanceCostsLineOfCreditArrangementsNet`	$5.03M	USD	Point-in-time
Other assets, net	`OtherAssetsNoncurrent`	$7.87M	USD	Point-in-time
Other assets, net	`OtherAssetsNoncurrent`	$7.51M	USD	Point-in-time
Total assets	`Assets`	$3.07B	USD	Point-in-time
Total assets	`Assets`	$3.08B	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$53.06M	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$56.85M	USD	Point-in-time
Accrued payroll and employee benefits	`EmployeeRelatedLiabilitiesCurrent`	$22.80M	USD	Point-in-time
Accrued payroll and employee benefits	`EmployeeRelatedLiabilitiesCurrent`	$17.48M	USD	Point-in-time
Dividends and distributions payable	`DividendsPayableCurrent`	$13.99M	USD	Point-in-time
Dividends and distributions payable	`DividendsPayableCurrent`	$14.23M	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$74.12M	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$65.21M	USD	Point-in-time
Current portion of notes payable, net	`LongTermDebtCurrent`	$222.03M	USD	Point-in-time
Current portion of notes payable, net	`LongTermDebtCurrent`	$222.04M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$380.94M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$380.89M	USD	Point-in-time
Notes payable, less current portion, net	`LongTermDebtNoncurrent`	$590.31M	USD	Point-in-time
Notes payable, less current portion, net	`LongTermDebtNoncurrent`	$590.65M	USD	Point-in-time
Operating lease obligations, less current portion	`OperatingLeaseLiabilityNoncurrent`	$15.43M	USD	Point-in-time
Operating lease obligations, less current portion	`OperatingLeaseLiabilityNoncurrent`	$14.36M	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$14.10M	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$11.96M	USD	Point-in-time
Total liabilities	`Liabilities`	$1.00B	USD	Point-in-time
Total liabilities	`Liabilities`	$997.86M	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, 207,410,059 shares issued and outstanding at March 31, 2023 and 209,320,447 shares issued and outstanding at December 31, 2022	`CommonStockValue`	$2.07M	USD	Point-in-time
Common stock, $0.01 par value, 500,000,000 shares authorized, 207,410,059 shares issued and outstanding at March 31, 2023 and 209,320,447 shares issued and outstanding at December 31, 2022	`CommonStockValue`	$2.09M	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapital`	$2.45B	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapital`	$2.47B	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$1.04B	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$1.06B	USD	Point-in-time
Cumulative dividends and distributions	`CumulativeDividends`	$1.70B	USD	Point-in-time
Cumulative dividends and distributions	`CumulativeDividends`	$1.71B	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$2.08B	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$2.07B	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.08B	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.21B	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.07B	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.24B	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$3.07B	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$3.08B	USD	Point-in-time

Income Statement 46 line items

Line Item	Tag	Value	Unit	Period
Revenues	`RevenueFromContractWithCustomerExcludingAssessedTax`	$243.44M	USD	1 Quarter
Revenues	`RevenueFromContractWithCustomerExcludingAssessedTax`	$172.31M	USD	1 Quarter
Advertising and promotion	`AdvertisingExpense`	$10.47M	USD	1 Quarter
Advertising and promotion	`AdvertisingExpense`	$13.02M	USD	1 Quarter
Repairs and maintenance	`RepairsAndMaintenance`	$9.71M	USD	1 Quarter
Repairs and maintenance	`RepairsAndMaintenance`	$9.45M	USD	1 Quarter
Utilities	`UtilitiesExpense`	$7.09M	USD	1 Quarter
Utilities	`UtilitiesExpense`	$5.71M	USD	1 Quarter
Franchise costs	`CostsOfFranchisedOutlets`	$3.00M	USD	1 Quarter
Franchise costs	`CostsOfFranchisedOutlets`	$3.92M	USD	1 Quarter
Property tax, ground lease and insurance	`OccupancyNet`	$15.99M	USD	1 Quarter
Property tax, ground lease and insurance	`OccupancyNet`	$19.23M	USD	1 Quarter
Other property-level expenses	`OtherCostAndExpenseOperating`	$23.91M	USD	1 Quarter
Other property-level expenses	`OtherCostAndExpenseOperating`	$31.78M	USD	1 Quarter
Corporate overhead	`GeneralAndAdministrativeExpense`	$8.47M	USD	1 Quarter
Corporate overhead	`GeneralAndAdministrativeExpense`	$10.71M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$32.34M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$31.36M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$218.65M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$179.09M	USD	1 Quarter
Interest and other income	`OtherNonoperatingIncome`	$541.00K	USD	1 Quarter
Interest and other income	`OtherNonoperatingIncome`	$4.38M	USD	1 Quarter
Interest expense	`InterestExpense`	$13.79M	USD	1 Quarter
Interest expense	`InterestExpense`	$5.08M	USD	1 Quarter
Gain on sale of assets	`DisposalGroupNotDiscontinuedOperationGainLossOnDisposal`	$22.95M	USD	1 Quarter
Gain (loss) on extinguishment of debt, net	`GainsLossesOnExtinguishmentOfDebt`	$-213.00K	USD	1 Quarter
Gain (loss) on extinguishment of debt, net	`GainsLossesOnExtinguishmentOfDebt`	$9.91M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$15.26M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$21.45M	USD	1 Quarter
Income tax provision	`IncomeTaxExpenseBenefit`	$358.00K	USD	1 Quarter
Income tax provision	`IncomeTaxExpenseBenefit`	$136.00K	USD	1 Quarter
Net Income	`ProfitLoss`	$15.12M	USD	1 Quarter
Net Income	`ProfitLoss`	$21.09M	USD	1 Quarter
Income from consolidated joint venture attributable to noncontrolling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$1.13M	USD	1 Quarter
Preferred stock dividends	`PreferredStockDividendsIncomeStatementImpact`	$3.77M	USD	1 Quarter
Preferred stock dividends	`PreferredStockDividendsIncomeStatementImpact`	$3.77M	USD	1 Quarter
Income Attributable to Common Stockholders	`EarningsLossBeforeDistributedAndUndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic`	$17.32M	USD	1 Quarter
Income Attributable to Common Stockholders	`EarningsLossBeforeDistributedAndUndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic`	$10.22M	USD	1 Quarter
Basic income attributable to common stockholders per common share (in dollars per share)	`EarningsPerShareBasic`	$0.08	USD	1 Quarter
Basic income attributable to common stockholders per common share (in dollars per share)	`EarningsPerShareBasic`	$0.05	USD	1 Quarter
Diluted income attributable to common stockholders per common share (in dollars per share)	`EarningsPerShareDiluted`	$0.08	USD	1 Quarter
Diluted income attributable to common stockholders per common share (in dollars per share)	`EarningsPerShareDiluted`	$0.05	USD	1 Quarter
Basic weighted average common shares outstanding (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	207.03M	shares	1 Quarter
Basic weighted average common shares outstanding (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	217.27M	shares	1 Quarter
Diluted weighted average common shares outstanding (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	207.28M	shares	1 Quarter
Diluted weighted average common shares outstanding (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	217.27M	shares	1 Quarter

Cash Flow Statement 94 line items

Line Item	Tag	Value	Unit	Period
Net Income	`ProfitLoss`	$15.12M	USD	1 Quarter
Net Income	`ProfitLoss`	$21.09M	USD	1 Quarter
Bad debt (recovery) expense	`ProvisionForDoubtfulAccounts`	$-58.00K	USD	1 Quarter
Bad debt (recovery) expense	`ProvisionForDoubtfulAccounts`	$64.00K	USD	1 Quarter
Gain on sale of assets	`GainLossOnDispositionOfAssets1`	$22.95M	USD	1 Quarter
(Gain) loss on extinguishment of debt, net	`GainsLossesOnExtinguishmentOfDebt`	$-213.00K	USD	1 Quarter
(Gain) loss on extinguishment of debt, net	`GainsLossesOnExtinguishmentOfDebt`	$9.91M	USD	1 Quarter
Noncash interest on derivatives, net	`IncreaseDecreaseInDerivativeAssetsAndLiabilities`	$-1.83M	USD	1 Quarter
Noncash interest on derivatives, net	`IncreaseDecreaseInDerivativeAssetsAndLiabilities`	$1.84M	USD	1 Quarter
Depreciation	`Depreciation`	$31.29M	USD	1 Quarter
Depreciation	`Depreciation`	$32.21M	USD	1 Quarter
Amortization of franchise fees and other intangibles	`AmortizationOfIntangibleAssets`	$110.00K	USD	1 Quarter
Amortization of franchise fees and other intangibles	`AmortizationOfIntangibleAssets`	$66.00K	USD	1 Quarter
Amortization of deferred financing costs	`AmortizationOfFinancingCosts`	$680.00K	USD	1 Quarter
Amortization of deferred financing costs	`AmortizationOfFinancingCosts`	$545.00K	USD	1 Quarter
Amortization of deferred stock compensation	`ShareBasedCompensation`	$2.43M	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`	$-264.00K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$5.93M	USD	1 Quarter
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$136.00K	USD	1 Quarter
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$5.60M	USD	1 Quarter
Accounts payable and other liabilities	`IncreaseDecreaseInAccountsPayableAndOtherOperatingLiabilities`	$3.32M	USD	1 Quarter
Accounts payable and other liabilities	`IncreaseDecreaseInAccountsPayableAndOtherOperatingLiabilities`	$9.72M	USD	1 Quarter
Accrued payroll and employee benefits	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$-5.61M	USD	1 Quarter
Accrued payroll and employee benefits	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$-5.33M	USD	1 Quarter
Operating lease right-of-use assets and obligations	`IncreaseDecreaseInOperatingLeaseRightOfUseAssetsAndLiabilitiesNet`	$-52.00K	USD	1 Quarter
Operating lease right-of-use assets and obligations	`IncreaseDecreaseInOperatingLeaseRightOfUseAssetsAndLiabilitiesNet`	$-346.00K	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$47.25M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$13.15M	USD	1 Quarter
Proceeds from sales 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`	$22.47M	USD	1 Quarter
Renovations and additions to hotel properties and other assets	`PaymentsForCapitalImprovements`	$30.30M	USD	1 Quarter
Net cash (used in) provided by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$164.36M	USD	1 Quarter
Net cash (used in) provided by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-22.47M	USD	1 Quarter
Repurchases of outstanding common stock	`PaymentsForRepurchaseOfCommonStock`	$18.63M	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`	$3.35M	USD	1 Quarter
Payments on notes payable	`RepaymentsOfDebt`	$524.00K	USD	1 Quarter
Payments on notes payable	`RepaymentsOfDebt`	$35.50M	USD	1 Quarter
Dividends and distributions paid	`PaymentsOfDividends`	$13.98M	USD	1 Quarter
Dividends and distributions paid	`PaymentsOfDividends`	$3.51M	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-36.48M	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-85.83M	USD	1 Quarter
Net (decrease) increase in cash and cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$91.67M	USD	1 Quarter
Net (decrease) increase in cash and cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-11.71M	USD	1 Quarter
Cash and cash equivalents and restricted cash, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$157.21M	USD	Point-in-time
Cash and cash equivalents and restricted cash, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$145.50M	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`	$254.39M	USD	Point-in-time
Cash and cash equivalents and restricted cash, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$157.21M	USD	Point-in-time
Cash and cash equivalents and restricted cash, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$145.50M	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`	$254.39M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$101.22M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$214.91M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$96.39M	USD	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalentsAtCarryingValue`	$55.98M	USD	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalentsAtCarryingValue`	$39.48M	USD	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalentsAtCarryingValue`	$49.12M	USD	Point-in-time
Total cash and cash equivalents and restricted cash shown on the consolidated statements of cash flows	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$157.21M	USD	Point-in-time
Total cash and cash equivalents and restricted cash shown on the consolidated statements of cash flows	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$145.50M	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`	$254.39M	USD	Point-in-time
Cash paid for income taxes	`IncomeTaxesPaid`	$103.00K	USD	1 Quarter
Cash paid for income taxes	`IncomeTaxesPaid`	$40.00K	USD	1 Quarter
Cash paid for interest	`InterestPaidNet`	$9.76M	USD	1 Quarter
Cash paid for interest	`InterestPaidNet`	$14.13M	USD	1 Quarter
Cash paid for income taxes	`IncomeTaxesPaid`	$103.00K	USD	1 Quarter
Cash paid for income taxes	`IncomeTaxesPaid`	$40.00K	USD	1 Quarter
Operating cash flows used for operating leases	`OperatingLeasePayments`	$1.73M	USD	1 Quarter
Operating cash flows used for operating leases	`OperatingLeasePayments`	$1.41M	USD	1 Quarter
Changes in operating lease right-of-use assets	`IncreaseDecreaseInInOperatingLeaseRightOfUseAssetsNet`	$-1.09M	USD	1 Quarter
Changes in operating lease right-of-use assets	`IncreaseDecreaseInInOperatingLeaseRightOfUseAssetsNet`	$-1.01M	USD	1 Quarter
Changes in operating lease obligations	`IncreaseDecreaseInOperatingLeaseLiabilitiesNet`	$-1.35M	USD	1 Quarter
Changes in operating lease obligations	`IncreaseDecreaseInOperatingLeaseLiabilitiesNet`	$-1.14M	USD	1 Quarter
Changes in operating lease right-of-use assets and lease obligations, net	`IncreaseDecreaseInOperatingLeaseRightOfUseAssetsAndLiabilitiesNet`	$-52.00K	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`	$19.05M	USD	1 Quarter
Accrued renovations and additions to hotel properties and other assets	`CapitalExpendituresIncurredButNotYetPaid`	$15.38M	USD	1 Quarter
Disposition deposit received in prior year in connection with sale of hotel	`EscrowDepositsRelatedToPropertySales`	$4.00M	USD	1 Quarter
Operating lease right-of-use asset obtained in exchange for operating lease obligation	`RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability`	$2.16M	USD	1 Quarter
Operating lease right-of-use asset obtained in exchange for operating lease obligation	`RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability`	$2.20M	USD	Point-in-time
Assignment of finance lease right-of-use asset in connection with sale of hotel	`AssignmentOfFinanceLeaseRightOfUseAssetInConnectionWithDispositionOfHotel`	$44.71M	USD	Point-in-time
Assignment of finance lease obligation in connection with sale of hotel	`AssignmentOfFinanceLeaseObligationInConnectionWithDispositionOfHotel`	$15.57M	USD	Point-in-time
Assignment of operating lease right-of-use asset in connection with sale of hotel	`AssignmentOfLeaseRightOfUseAssetInConnectionWithDispositionOfHotel`	$2.27M	USD	Point-in-time
Assignment of operating lease obligation in connection with sale of hotel	`LeaseObligationAssigned`	$2.61M	USD	Point-in-time
Amortization of deferred stock compensation - construction activities	`EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount`	$118.00K	USD	1 Quarter
Amortization of deferred stock compensation - construction activities	`EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount`	$123.00K	USD	1 Quarter
Dividends and distributions payable	`DividendsPayableCurrentAndNoncurrent`	$14.23M	USD	Point-in-time
Dividends and distributions payable	`DividendsPayableCurrentAndNoncurrent`	$3.77M	USD	Point-in-time

Stockholders Equity 18 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`	$2.08B	USD	Point-in-time
Beginning Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.21B	USD	Point-in-time
Beginning Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.07B	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`	$2.54M	USD	1 Quarter
Issuance of restricted common stock, net	`RestrictedStockValueSharesIssuedNetOfTaxWithholdings`	$-3.35M	USD	1 Quarter
Issuance of restricted common stock, net	`RestrictedStockValueSharesIssuedNetOfTaxWithholdings`	$-3.35M	USD	1 Quarter
Common stock distributions and distributions payable	`DividendsCommonStockCash`	$10.45M	USD	1 Quarter
Repurchases of outstanding common stock	`StockRepurchasedDuringPeriodValue`	$43.47M	USD	1 Quarter
Repurchases of outstanding common stock	`StockRepurchasedDuringPeriodValue`	$18.63M	USD	1 Quarter
Net Income	`ProfitLoss`	$15.12M	USD	1 Quarter
Net Income	`ProfitLoss`	$21.09M	USD	1 Quarter
Ending Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.08B	USD	Point-in-time
Ending Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.21B	USD	Point-in-time
Ending Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.07B	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.