10-Q Filing

SUNSTONE HOTEL INVESTORS, INC. CIK: 1295810 Q2 2023

Filing Information

Form Type	10-Q
Accession Number	`0001558370-23-013385`
Period End Date	20230630
Filing Date	20230804
Fiscal Year	2023
Fiscal Period	Q2
XBRL Instance	sho-20230630x10q_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 74 Income Statement 93 Cash Flow Statement 109 Stockholders Equity 37

Balance Sheet 74 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`	$107.85M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$107.33M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$101.22M	USD	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalentsAtCarryingValue`	$55.67M	USD	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalentsAtCarryingValue`	$45.61M	USD	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalentsAtCarryingValue`	$55.98M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$48.04M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$42.09M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$15.27M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$14.67M	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`	$226.82M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$213.97M	USD	Point-in-time
Investment in hotel properties, net	`RealEstateInvestmentPropertyNet`	$2.83B	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
Operating lease right-of-use assets, net	`OperatingLeaseRightOfUseAsset`	$15.00M	USD	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	209.32M	shares	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	207.18M	shares	Point-in-time
Operating lease right-of-use assets, net	`OperatingLeaseRightOfUseAsset`	$15.03M	USD	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	207.18M	shares	Point-in-time
Deferred financing costs, net	`DebtIssuanceCostsLineOfCreditArrangementsNet`	$5.03M	USD	Point-in-time
Deferred financing costs, net	`DebtIssuanceCostsLineOfCreditArrangementsNet`	$4.33M	USD	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	209.32M	shares	Point-in-time
Other assets, net	`OtherAssetsNoncurrent`	$9.32M	USD	Point-in-time
Other assets, net	`OtherAssetsNoncurrent`	$7.87M	USD	Point-in-time
Total assets	`Assets`	$3.08B	USD	Point-in-time
Total assets	`Assets`	$3.09B	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$44.97M	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`	$18.50M	USD	Point-in-time
Dividends and distributions payable	`DividendsPayableCurrent`	$14.89M	USD	Point-in-time
Dividends and distributions payable	`DividendsPayableCurrent`	$13.99M	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$66.48M	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$65.21M	USD	Point-in-time
Current portion of notes payable, net	`LongTermDebtCurrent`	$2.06M	USD	Point-in-time
Current portion of notes payable, net	`LongTermDebtCurrent`	$222.03M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$146.91M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$380.89M	USD	Point-in-time
Notes payable, less current portion, net	`LongTermDebtNoncurrent`	$812.77M	USD	Point-in-time
Notes payable, less current portion, net	`LongTermDebtNoncurrent`	$590.65M	USD	Point-in-time
Operating lease obligations, less current portion	`OperatingLeaseLiabilityNoncurrent`	$14.27M	USD	Point-in-time
Operating lease obligations, less current portion	`OperatingLeaseLiabilityNoncurrent`	$14.36M	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$11.96M	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$11.14M	USD	Point-in-time
Total liabilities	`Liabilities`	$985.09M	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, 207,184,691 shares issued and outstanding at June 30, 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, 207,184,691 shares issued and outstanding at June 30, 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`	$1.10B	USD	Point-in-time
Cumulative dividends and distributions	`CumulativeDividends`	$1.70B	USD	Point-in-time
Cumulative dividends and distributions	`CumulativeDividends`	$1.73B	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$2.10B	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$2.08B	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.21B	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.08B	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.24B	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.07B	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.10B	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.10B	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$3.09B	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$3.08B	USD	Point-in-time

Income Statement 93 line items

Line Item	Tag	Value	Unit	Period
Revenues	`RevenueFromContractWithCustomerExcludingAssessedTax`	$423.60M	USD	2 Qtrs
Revenues	`RevenueFromContractWithCustomerExcludingAssessedTax`	$276.11M	USD	1 Quarter
Revenues	`RevenueFromContractWithCustomerExcludingAssessedTax`	$519.55M	USD	2 Qtrs
Revenues	`RevenueFromContractWithCustomerExcludingAssessedTax`	$251.28M	USD	1 Quarter
Advertising and promotion	`AdvertisingExpense`	$13.90M	USD	1 Quarter
Advertising and promotion	`AdvertisingExpense`	$11.62M	USD	1 Quarter
Advertising and promotion	`AdvertisingExpense`	$26.92M	USD	2 Qtrs
Advertising and promotion	`AdvertisingExpense`	$22.09M	USD	2 Qtrs
Repairs and maintenance	`RepairsAndMaintenance`	$17.99M	USD	2 Qtrs
Repairs and maintenance	`RepairsAndMaintenance`	$8.27M	USD	1 Quarter
Repairs and maintenance	`RepairsAndMaintenance`	$9.61M	USD	1 Quarter
Repairs and maintenance	`RepairsAndMaintenance`	$19.05M	USD	2 Qtrs
Utilities	`UtilitiesExpense`	$13.86M	USD	2 Qtrs
Utilities	`UtilitiesExpense`	$6.24M	USD	1 Quarter
Utilities	`UtilitiesExpense`	$11.94M	USD	2 Qtrs
Utilities	`UtilitiesExpense`	$6.77M	USD	1 Quarter
Franchise costs	`CostsOfFranchisedOutlets`	$4.28M	USD	1 Quarter
Franchise costs	`CostsOfFranchisedOutlets`	$4.56M	USD	1 Quarter
Franchise costs	`CostsOfFranchisedOutlets`	$8.48M	USD	2 Qtrs
Franchise costs	`CostsOfFranchisedOutlets`	$7.28M	USD	2 Qtrs
Property tax, ground lease and insurance	`OccupancyNet`	$17.45M	USD	1 Quarter
Property tax, ground lease and insurance	`OccupancyNet`	$19.38M	USD	1 Quarter
Property tax, ground lease and insurance	`OccupancyNet`	$38.61M	USD	2 Qtrs
Property tax, ground lease and insurance	`OccupancyNet`	$33.45M	USD	2 Qtrs
Other property-level expenses	`OtherCostAndExpenseOperating`	$31.86M	USD	1 Quarter
Other property-level expenses	`OtherCostAndExpenseOperating`	$63.63M	USD	2 Qtrs
Other property-level expenses	`OtherCostAndExpenseOperating`	$30.39M	USD	1 Quarter
Other property-level expenses	`OtherCostAndExpenseOperating`	$54.30M	USD	2 Qtrs
Corporate overhead	`GeneralAndAdministrativeExpense`	$16.86M	USD	2 Qtrs
Corporate overhead	`GeneralAndAdministrativeExpense`	$8.72M	USD	1 Quarter
Corporate overhead	`GeneralAndAdministrativeExpense`	$8.40M	USD	1 Quarter
Corporate overhead	`GeneralAndAdministrativeExpense`	$19.43M	USD	2 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$30.89M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$62.25M	USD	2 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$32.40M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$64.74M	USD	2 Qtrs
Total operating expenses	`OperatingExpenses`	$207.76M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$227.66M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$446.31M	USD	2 Qtrs
Total operating expenses	`OperatingExpenses`	$386.85M	USD	2 Qtrs
Interest and other income	`OtherNonoperatingIncome`	$4.64M	USD	1 Quarter
Interest and other income	`OtherNonoperatingIncome`	$116.00K	USD	1 Quarter
Interest and other income	`OtherNonoperatingIncome`	$5.18M	USD	2 Qtrs
Interest and other income	`OtherNonoperatingIncome`	$4.50M	USD	2 Qtrs
Interest expense	`InterestExpense`	$23.02M	USD	2 Qtrs
Interest expense	`InterestExpense`	$9.22M	USD	1 Quarter
Interest expense	`InterestExpense`	$11.02M	USD	2 Qtrs
Interest expense	`InterestExpense`	$5.94M	USD	1 Quarter
Gain on sale of assets	`DisposalGroupNotDiscontinuedOperationGainLossOnDisposal`	$22.95M	USD	2 Qtrs
Gain (loss) on extinguishment of debt, net	`GainsLossesOnExtinguishmentOfDebt`	$9.92M	USD	2 Qtrs
Gain (loss) on extinguishment of debt, net	`GainsLossesOnExtinguishmentOfDebt`	$-192.00K	USD	2 Qtrs
Gain (loss) on extinguishment of debt, net	`GainsLossesOnExtinguishmentOfDebt`	$21.00K	USD	1 Quarter
Gain (loss) on extinguishment of debt, net	`GainsLossesOnExtinguishmentOfDebt`	$12.00K	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$37.72M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$43.88M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$52.98M	USD	2 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$65.33M	USD	2 Qtrs
Income tax provision, net	`IncomeTaxExpenseBenefit`	$1.16M	USD	2 Qtrs
Income tax provision, net	`IncomeTaxExpenseBenefit`	$28.00K	USD	1 Quarter
Income tax provision, net	`IncomeTaxExpenseBenefit`	$803.00K	USD	1 Quarter
Income tax provision, net	`IncomeTaxExpenseBenefit`	$164.00K	USD	2 Qtrs
Net Income	`ProfitLoss`	$37.69M	USD	1 Quarter
Net Income	`ProfitLoss`	$43.08M	USD	1 Quarter
Net Income	`ProfitLoss`	$21.09M	USD	1 Quarter
Net Income	`ProfitLoss`	$64.17M	USD	2 Qtrs
Net Income	`ProfitLoss`	$15.12M	USD	1 Quarter
Net Income	`ProfitLoss`	$52.81M	USD	2 Qtrs
Income from consolidated joint venture attributable to noncontrolling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$2.34M	USD	1 Quarter
Income from consolidated joint venture attributable to noncontrolling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$3.48M	USD	2 Qtrs
Preferred stock dividends	`PreferredStockDividendsIncomeStatementImpact`	$7.55M	USD	2 Qtrs
Preferred stock dividends	`PreferredStockDividendsIncomeStatementImpact`	$3.77M	USD	1 Quarter
Preferred stock dividends	`PreferredStockDividendsIncomeStatementImpact`	$3.77M	USD	1 Quarter
Preferred stock dividends	`PreferredStockDividendsIncomeStatementImpact`	$7.54M	USD	2 Qtrs
Income Attributable to Common Stockholders	`EarningsLossBeforeDistributedAndUndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic`	$41.79M	USD	2 Qtrs
Income Attributable to Common Stockholders	`EarningsLossBeforeDistributedAndUndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic`	$31.58M	USD	1 Quarter
Income Attributable to Common Stockholders	`EarningsLossBeforeDistributedAndUndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic`	$39.31M	USD	1 Quarter
Income Attributable to Common Stockholders	`EarningsLossBeforeDistributedAndUndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic`	$56.63M	USD	2 Qtrs
Basic income attributable to common stockholders per common share (in dollars per share)	`EarningsPerShareBasic`	$0.19	USD	2 Qtrs
Basic income attributable to common stockholders per common share (in dollars per share)	`EarningsPerShareBasic`	$0.27	USD	2 Qtrs
Basic income attributable to common stockholders per common share (in dollars per share)	`EarningsPerShareBasic`	$0.19	USD	1 Quarter
Basic income attributable to common stockholders per common share (in dollars per share)	`EarningsPerShareBasic`	$0.15	USD	1 Quarter
Diluted income attributable to common stockholders per common share (in dollars per share)	`EarningsPerShareDiluted`	$0.19	USD	1 Quarter
Diluted income attributable to common stockholders per common share (in dollars per share)	`EarningsPerShareDiluted`	$0.19	USD	2 Qtrs
Diluted income attributable to common stockholders per common share (in dollars per share)	`EarningsPerShareDiluted`	$0.27	USD	2 Qtrs
Diluted income attributable to common stockholders per common share (in dollars per share)	`EarningsPerShareDiluted`	$0.15	USD	1 Quarter
Basic weighted average common shares outstanding (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	206.18M	shares	1 Quarter
Basic weighted average common shares outstanding (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	213.18M	shares	1 Quarter
Basic weighted average common shares outstanding (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	206.61M	shares	2 Qtrs
Basic weighted average common shares outstanding (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	215.22M	shares	2 Qtrs
Diluted weighted average common shares outstanding (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	213.18M	shares	1 Quarter
Diluted weighted average common shares outstanding (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	206.83M	shares	1 Quarter
Diluted weighted average common shares outstanding (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	215.22M	shares	2 Qtrs
Diluted weighted average common shares outstanding (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	207.09M	shares	2 Qtrs

Cash Flow Statement 109 line items

Line Item	Tag	Value	Unit	Period
Net Income	`ProfitLoss`	$37.69M	USD	1 Quarter
Net Income	`ProfitLoss`	$43.08M	USD	1 Quarter
Net Income	`ProfitLoss`	$21.09M	USD	1 Quarter
Net Income	`ProfitLoss`	$64.17M	USD	2 Qtrs
Net Income	`ProfitLoss`	$15.12M	USD	1 Quarter
Net Income	`ProfitLoss`	$52.81M	USD	2 Qtrs
Bad debt expense	`ProvisionForDoubtfulAccounts`	$71.00K	USD	2 Qtrs
Bad debt expense	`ProvisionForDoubtfulAccounts`	$313.00K	USD	2 Qtrs
Gain on sale of assets	`GainLossOnDispositionOfAssets1`	$22.95M	USD	2 Qtrs
(Gain) loss on extinguishment of debt, net	`GainsLossesOnExtinguishmentOfDebt`	$9.92M	USD	2 Qtrs
(Gain) loss on extinguishment of debt, net	`GainsLossesOnExtinguishmentOfDebt`	$-192.00K	USD	2 Qtrs
(Gain) loss on extinguishment of debt, net	`GainsLossesOnExtinguishmentOfDebt`	$21.00K	USD	1 Quarter
(Gain) loss on extinguishment of debt, net	`GainsLossesOnExtinguishmentOfDebt`	$12.00K	USD	1 Quarter
Noncash interest on derivatives, net	`IncreaseDecreaseInDerivativeAssetsAndLiabilities`	$1.88M	USD	2 Qtrs
Noncash interest on derivatives, net	`IncreaseDecreaseInDerivativeAssetsAndLiabilities`	$2.87M	USD	2 Qtrs
Depreciation	`Depreciation`	$62.01M	USD	2 Qtrs
Depreciation	`Depreciation`	$64.48M	USD	2 Qtrs
Amortization of franchise fees and other intangibles	`AmortizationOfIntangibleAssets`	$223.00K	USD	2 Qtrs
Amortization of franchise fees and other intangibles	`AmortizationOfIntangibleAssets`	$218.00K	USD	2 Qtrs
Amortization of deferred financing costs	`AmortizationOfFinancingCosts`	$671.00K	USD	1 Quarter
Amortization of deferred financing costs	`AmortizationOfFinancingCosts`	$675.00K	USD	1 Quarter
Amortization of deferred financing costs	`AmortizationOfFinancingCosts`	$1.35M	USD	2 Qtrs
Amortization of deferred financing costs	`AmortizationOfFinancingCosts`	$1.22M	USD	2 Qtrs
Amortization of deferred stock compensation	`ShareBasedCompensation`	$6.43M	USD	2 Qtrs
Amortization of deferred stock compensation	`ShareBasedCompensation`	$5.75M	USD	2 Qtrs
Gain on hurricane-related damage	`InsuredEventGainLoss`	$4.37M	USD	2 Qtrs
Gain on hurricane-related damage	`InsuredEventGainLoss`	$3.72M	USD	2 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$2.21M	USD	2 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$12.15M	USD	2 Qtrs
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-5.71M	USD	2 Qtrs
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$243.00K	USD	2 Qtrs
Accounts payable and other liabilities	`IncreaseDecreaseInAccountsPayableAndOtherOperatingLiabilities`	$-6.58M	USD	2 Qtrs
Accounts payable and other liabilities	`IncreaseDecreaseInAccountsPayableAndOtherOperatingLiabilities`	$7.06M	USD	2 Qtrs
Accrued payroll and employee benefits	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$-4.30M	USD	2 Qtrs
Accrued payroll and employee benefits	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$-2.42M	USD	2 Qtrs
Operating lease right-of-use assets and obligations	`IncreaseDecreaseInOperatingLeaseRightOfUseAssetsAndLiabilitiesNet`	$-69.00K	USD	2 Qtrs
Operating lease right-of-use assets and obligations	`IncreaseDecreaseInOperatingLeaseRightOfUseAssetsAndLiabilitiesNet`	$-700.00K	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$90.65M	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$106.99M	USD	2 Qtrs
Proceeds from sales of assets	`ProceedsFromSalesOfAssetsInvestingActivities`	$191.29M	USD	2 Qtrs
Proceeds from property insurance	`ProceedsFromInsuranceSettlementInvestingActivities`	$4.37M	USD	2 Qtrs
Acquisitions of hotel properties and other assets	`PaymentsToAcquireCommercialRealEstate`	$232.51M	USD	2 Qtrs
Renovations and additions to hotel properties and other assets	`PaymentsForCapitalImprovements`	$49.22M	USD	2 Qtrs
Renovations and additions to hotel properties and other assets	`PaymentsForCapitalImprovements`	$62.62M	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-99.47M	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-49.22M	USD	2 Qtrs
Acquisition of noncontrolling interest, including transaction costs	`PaymentForAcquisitionOfNoncontrollingInterest`	$101.35M	USD	2 Qtrs
Acquisition of noncontrolling interest, including transaction costs	`PaymentForAcquisitionOfNoncontrollingInterest`	$299.00K	USD	2 Qtrs
Payment of stock issuance costs	`PaymentsOfStockIssuanceCosts`	$428.00K	USD	2 Qtrs
Payment of stock issuance costs	`PaymentsOfStockIssuanceCosts`	$91.00K	USD	2 Qtrs
Repurchases of outstanding common stock	`PaymentsForRepurchaseOfCommonStock`	$21.48M	USD	2 Qtrs
Repurchases of outstanding common stock	`PaymentsForRepurchaseOfCommonStock`	$77.98M	USD	2 Qtrs
Repurchases of common stock for employee tax obligations	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$3.35M	USD	2 Qtrs
Repurchases of common stock for employee tax obligations	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$3.35M	USD	2 Qtrs
Proceeds from credit facility	`ProceedsFromUnsecuredLinesOfCredit`	$230.00M	USD	2 Qtrs
Proceeds from notes payable	`ProceedsFromIssuanceOfDebt`	$225.00M	USD	2 Qtrs
Payments on notes payable	`RepaymentsOfDebt`	$221.04M	USD	2 Qtrs
Payments on notes payable	`RepaymentsOfDebt`	$35.99M	USD	2 Qtrs
Payments of deferred financing costs	`PaymentsOfFinancingCosts`	$2.33M	USD	2 Qtrs
Dividends and distributions paid	`PaymentsOfDividends`	$6.70M	USD	2 Qtrs
Dividends and distributions paid	`PaymentsOfDividends`	$27.54M	USD	2 Qtrs
Distributions to noncontrolling interest	`PaymentsToMinorityShareholders`	$5.50M	USD	2 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-963.00K	USD	2 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-51.46M	USD	2 Qtrs
Net increase (decrease) in cash and cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-9.78M	USD	2 Qtrs
Net increase (decrease) in cash and cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$6.31M	USD	2 Qtrs
Cash and cash equivalents and restricted cash, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$163.51M	USD	Point-in-time
Cash and cash equivalents and restricted cash, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$152.94M	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`	$157.21M	USD	Point-in-time
Cash and cash equivalents and restricted cash, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$163.51M	USD	Point-in-time
Cash and cash equivalents and restricted cash, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$152.94M	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`	$157.21M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$107.85M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$107.33M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$101.22M	USD	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalentsAtCarryingValue`	$55.67M	USD	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalentsAtCarryingValue`	$45.61M	USD	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalentsAtCarryingValue`	$55.98M	USD	Point-in-time
Total cash and cash equivalents and restricted cash shown on the consolidated statements of cash flows	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$163.51M	USD	Point-in-time
Total cash and cash equivalents and restricted cash shown on the consolidated statements of cash flows	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$152.94M	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`	$157.21M	USD	Point-in-time
Cash paid for interest	`InterestPaidNet`	$13.41M	USD	2 Qtrs
Cash paid for interest	`InterestPaidNet`	$24.33M	USD	2 Qtrs
Cash paid for income taxes, net	`IncomeTaxesPaidNet`	$-134.00K	USD	2 Qtrs
Cash paid for income taxes, net	`IncomeTaxesPaidNet`	$-1.13M	USD	2 Qtrs
Operating cash flows used for operating leases	`OperatingLeasePayments`	$2.78M	USD	2 Qtrs
Operating cash flows used for operating leases	`OperatingLeasePayments`	$3.41M	USD	2 Qtrs
Changes in operating lease right-of-use assets	`IncreaseDecreaseInInOperatingLeaseRightOfUseAssetsNet`	$-2.19M	USD	2 Qtrs
Changes in operating lease right-of-use assets	`IncreaseDecreaseInInOperatingLeaseRightOfUseAssetsNet`	$-2.00M	USD	2 Qtrs
Changes in operating lease obligations	`IncreaseDecreaseInOperatingLeaseLiabilitiesNet`	$-2.26M	USD	2 Qtrs
Changes in operating lease obligations	`IncreaseDecreaseInOperatingLeaseLiabilitiesNet`	$-2.71M	USD	2 Qtrs
Changes in operating lease right-of-use assets and lease obligations, net	`IncreaseDecreaseInOperatingLeaseRightOfUseAssetsAndLiabilitiesNet`	$-69.00K	USD	2 Qtrs
Changes in operating lease right-of-use assets and lease obligations, net	`IncreaseDecreaseInOperatingLeaseRightOfUseAssetsAndLiabilitiesNet`	$-700.00K	USD	2 Qtrs
Accrued renovations and additions to hotel properties and other assets	`CapitalExpendituresIncurredButNotYetPaid`	$18.73M	USD	2 Qtrs
Accrued renovations and additions to hotel properties and other assets	`CapitalExpendituresIncurredButNotYetPaid`	$14.59M	USD	2 Qtrs
Disposition deposit received in prior year in connection with sale of hotel	`EscrowDepositsRelatedToPropertySales`	$4.00M	USD	2 Qtrs
Operating lease right-of-use asset obtained in exchange for operating lease obligation	`RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability`	$2.20M	USD	Point-in-time
Operating lease right-of-use asset obtained in exchange for operating lease obligation	`RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability`	$2.16M	USD	2 Qtrs
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`	$235.00K	USD	2 Qtrs
Amortization of deferred stock compensation - construction activities	`EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount`	$241.00K	USD	2 Qtrs
Dividends and distributions payable	`DividendsPayableCurrentAndNoncurrent`	$4.36M	USD	Point-in-time
Dividends and distributions payable	`DividendsPayableCurrentAndNoncurrent`	$14.89M	USD	Point-in-time

Stockholders Equity 37 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
Common stock distributions and distributions payable, per share (in dollars per share)	`CommonStockDividendsPerShareDeclared`	$0.05	USD	1 Quarter
Beginning Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.21B	USD	Point-in-time
Beginning Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.08B	USD	Point-in-time
Beginning Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.24B	USD	Point-in-time
Beginning Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.07B	USD	Point-in-time
Beginning Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.10B	USD	Point-in-time
Beginning Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.10B	USD	Point-in-time
Amortization of deferred stock compensation	`AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationRestrictedStockUnitsRequisiteServicePeriodRecognition`	$3.44M	USD	1 Quarter
Amortization of deferred stock compensation	`AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationRestrictedStockUnitsRequisiteServicePeriodRecognition`	$2.97M	USD	1 Quarter
Amortization of deferred stock compensation	`AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationRestrictedStockUnitsRequisiteServicePeriodRecognition`	$2.54M	USD	1 Quarter
Amortization of deferred stock compensation	`AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationRestrictedStockUnitsRequisiteServicePeriodRecognition`	$3.70M	USD	1 Quarter
Issuance of restricted common stock, net	`RestrictedStockValueSharesIssuedNetOfTaxWithholdings`	$-91.00K	USD	1 Quarter
Issuance of restricted common stock, net	`RestrictedStockValueSharesIssuedNetOfTaxWithholdings`	$-428.00K	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
Common stock distributions and distributions payable	`DividendsCommonStockCash`	$10.45M	USD	1 Quarter
Distribution to noncontrolling interest	`MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders`	$5.50M	USD	1 Quarter
Repurchases of outstanding common stock	`StockRepurchasedDuringPeriodValue`	$18.63M	USD	1 Quarter
Repurchases of outstanding common stock	`StockRepurchasedDuringPeriodValue`	$2.85M	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
Acquisition of noncontrolling interest, net	`AcquisitionOfNoncontrollingInterest`	$299.00K	USD	1 Quarter
Acquisition of noncontrolling interest, net	`AcquisitionOfNoncontrollingInterest`	$101.35M	USD	1 Quarter
Net Income	`ProfitLoss`	$37.69M	USD	1 Quarter
Net Income	`ProfitLoss`	$43.08M	USD	1 Quarter
Net Income	`ProfitLoss`	$21.09M	USD	1 Quarter
Net Income	`ProfitLoss`	$64.17M	USD	2 Qtrs
Net Income	`ProfitLoss`	$15.12M	USD	1 Quarter
Net Income	`ProfitLoss`	$52.81M	USD	2 Qtrs
Ending Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.21B	USD	Point-in-time
Ending Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.08B	USD	Point-in-time
Ending Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.24B	USD	Point-in-time
Ending Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.07B	USD	Point-in-time
Ending Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.10B	USD	Point-in-time
Ending Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.10B	USD	Point-in-time

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