10-K Filing

SUNSTONE HOTEL INVESTORS, INC. CIK: 1295810 FY 2023

Filing Information

Form Type	10-K
Accession Number	`0001558370-24-001615`
Period End Date	20231231
Filing Date	20240223
Fiscal Year	2023
Fiscal Period	FY
XBRL Instance	sho-20231231x10k_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 56 Income Statement 73 Cash Flow Statement 144 Stockholders Equity 28

Balance Sheet 56 line items

Line Item	Tag	Value	Unit	Period
Investment in hotel properties, net	`RealEstateInvestmentPropertyNet`	$2.84B	USD	Point-in-time
Investment in hotel properties, net	`RealEstateInvestmentPropertyNet`	$2.59B	USD	Point-in-time
Operating lease right-of-use assets, net	`OperatingLeaseRightOfUseAsset`	$12.76M	USD	Point-in-time
Preferred stock, par value (in dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Operating lease right-of-use assets, net	`OperatingLeaseRightOfUseAsset`	$15.03M	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
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$120.48M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$101.22M	USD	Point-in-time
Preferred stock, shares authorized (in shares)	`PreferredStockSharesAuthorized`	100.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$426.40M	USD	Point-in-time
Restricted Cash	`RestrictedCash`	$55.98M	USD	Point-in-time
Restricted Cash	`RestrictedCash`	$67.30M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNet`	$31.21M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNet`	$42.09M	USD	Point-in-time
Prepaid expenses and other assets, net	`PrepaidExpenseAndOtherAssets`	$26.38M	USD	Point-in-time
Prepaid expenses and other assets, net	`PrepaidExpenseAndOtherAssets`	$27.57M	USD	Point-in-time
Total assets	`Assets`	$3.08B	USD	Point-in-time
Total assets	`Assets`	$3.15B	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
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	203.48M	shares	Point-in-time
Debt, net of unamortized deferred financing costs	`LongTermDebt`	$812.68M	USD	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	209.32M	shares	Point-in-time
Debt, net of unamortized deferred financing costs	`LongTermDebt`	$814.56M	USD	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	209.32M	shares	Point-in-time
Operating lease obligations, current and noncurrent	`OperatingLeaseLiability`	$16.73M	USD	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	203.48M	shares	Point-in-time
Operating lease obligations, current and noncurrent	`OperatingLeaseLiability`	$19.01M	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndOtherAccruedLiabilities`	$73.73M	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndOtherAccruedLiabilities`	$48.41M	USD	Point-in-time
Dividends and distributions payable	`DividendsPayableCurrentAndNoncurrent`	$13.99M	USD	Point-in-time
Dividends and distributions payable	`DividendsPayableCurrentAndNoncurrent`	$29.96M	USD	Point-in-time
Dividends and distributions payable	`DividendsPayableCurrentAndNoncurrent`	$3.51M	USD	Point-in-time
Other liabilities	`OtherLiabilities`	$73.01M	USD	Point-in-time
Other liabilities	`OtherLiabilities`	$78.43M	USD	Point-in-time
Total liabilities	`Liabilities`	$982.68M	USD	Point-in-time
Total liabilities	`Liabilities`	$997.86M	USD	Point-in-time
Commitments and contingencies (Note 13)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies (Note 13)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Common stock, $0.01 par value, 500,000,000 shares authorized, 203,479,585 shares issued and outstanding at December 31, 2023 and 209,320,447 shares issued and outstanding at December 31, 2022	`CommonStockValue`	$2.04M	USD	Point-in-time
Common stock, $0.01 par value, 500,000,000 shares authorized, 203,479,585 shares issued and outstanding at December 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`	$2.47B	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapital`	$2.42B	USD	Point-in-time
Distributions in excess of retained earnings	`AccumulatedDistributionsInExcessOfNetIncome`	$663.98M	USD	Point-in-time
Distributions in excess of retained earnings	`AccumulatedDistributionsInExcessOfNetIncome`	$533.06M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$2.08B	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$2.17B	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.09B	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`	$2.17B	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$3.08B	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$3.15B	USD	Point-in-time

Income Statement 73 line items

Line Item	Tag	Value	Unit	Period
Revenues	`RevenueFromContractWithCustomerExcludingAssessedTax`	$986.48M	USD	Annual
Revenues	`RevenueFromContractWithCustomerExcludingAssessedTax`	$509.15M	USD	Annual
Revenues	`RevenueFromContractWithCustomerExcludingAssessedTax`	$912.05M	USD	Annual
Advertising and promotion	`AdvertisingExpense`	$51.96M	USD	Annual
Advertising and promotion	`AdvertisingExpense`	$46.98M	USD	Annual
Advertising and promotion	`AdvertisingExpense`	$31.16M	USD	Annual
Repairs and maintenance	`RepairsAndMaintenance`	$36.80M	USD	Annual
Repairs and maintenance	`RepairsAndMaintenance`	$33.90M	USD	Annual
Repairs and maintenance	`RepairsAndMaintenance`	$38.31M	USD	Annual
Utilities	`UtilitiesExpense`	$26.36M	USD	Annual
Utilities	`UtilitiesExpense`	$27.62M	USD	Annual
Utilities	`UtilitiesExpense`	$20.75M	USD	Annual
Franchise costs	`CostsOfFranchisedOutlets`	$11.35M	USD	Annual
Franchise costs	`CostsOfFranchisedOutlets`	$15.84M	USD	Annual
Franchise costs	`CostsOfFranchisedOutlets`	$16.88M	USD	Annual
Property tax, ground lease and insurance	`OccupancyNet`	$64.14M	USD	Annual
Property tax, ground lease and insurance	`OccupancyNet`	$78.80M	USD	Annual
Property tax, ground lease and insurance	`OccupancyNet`	$68.98M	USD	Annual
Other property-level expenses	`OtherCostAndExpenseOperating`	$113.34M	USD	Annual
Other property-level expenses	`OtherCostAndExpenseOperating`	$71.42M	USD	Annual
Other property-level expenses	`OtherCostAndExpenseOperating`	$120.25M	USD	Annual
Corporate overhead	`GeneralAndAdministrativeExpense`	$40.27M	USD	Annual
Corporate overhead	`GeneralAndAdministrativeExpense`	$31.41M	USD	Annual
Corporate overhead	`GeneralAndAdministrativeExpense`	$35.25M	USD	Annual
Depreciation and amortization	`DepreciationAndAmortization`	$126.40M	USD	Annual
Depreciation and amortization	`DepreciationAndAmortization`	$128.68M	USD	Annual
Depreciation and amortization	`DepreciationAndAmortization`	$127.06M	USD	Annual
Impairment losses	`ImpairmentOfRealEstate`	$3.47M	USD	Annual
Impairment losses	`ImpairmentOfRealEstate`	$2.69M	USD	Annual
Total operating expenses	`OperatingExpenses`	$816.17M	USD	Annual
Total operating expenses	`OperatingExpenses`	$597.27M	USD	Annual
Total operating expenses	`OperatingExpenses`	$867.82M	USD	Annual
Interest and other income (loss)	`OtherNonoperatingIncomeExpense`	$10.54M	USD	Annual
Interest and other income (loss)	`OtherNonoperatingIncomeExpense`	$5.24M	USD	Annual
Interest and other income (loss)	`OtherNonoperatingIncomeExpense`	$-343.00K	USD	Annual
Interest expense	`InterestExpense`	$51.68M	USD	Annual
Interest expense	`InterestExpense`	$32.01M	USD	Annual
Interest expense	`InterestExpense`	$30.90M	USD	Annual
Gain on sale of assets	`DisposalGroupNotDiscontinuedOperationGainLossOnDisposal`	$123.82M	USD	Annual
Gain on sale of assets	`DisposalGroupNotDiscontinuedOperationGainLossOnDisposal`	$152.52M	USD	Annual
Gain on sale of assets	`DisposalGroupNotDiscontinuedOperationGainLossOnDisposal`	$22.95M	USD	Annual
Gain (loss) on extinguishment of debt, net	`GainsLossesOnExtinguishmentOfDebt`	$9.94M	USD	Annual
Gain (loss) on extinguishment of debt, net	`GainsLossesOnExtinguishmentOfDebt`	$-936.00K	USD	Annual
Gain (loss) on extinguishment of debt, net	`GainsLossesOnExtinguishmentOfDebt`	$-57.00K	USD	Annual
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$211.27M	USD	Annual
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$33.10M	USD	Annual
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$91.12M	USD	Annual
Income tax provision, net	`IncomeTaxExpenseBenefit`	$109.00K	USD	Annual
Income tax provision, net	`IncomeTaxExpenseBenefit`	$359.00K	USD	Annual
Income tax provision, net	`IncomeTaxExpenseBenefit`	$4.56M	USD	Annual
Net Income	`ProfitLoss`	$90.77M	USD	Annual
Net Income	`ProfitLoss`	$206.71M	USD	Annual
Net Income	`ProfitLoss`	$32.99M	USD	Annual
(Income) loss from consolidated joint venture attributable to noncontrolling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$-1.30M	USD	Annual
(Income) loss from consolidated joint venture attributable to noncontrolling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$3.48M	USD	Annual
Preferred stock dividends and redemption charges	`PreferredStockDividendsAndOtherAdjustments`	$20.64M	USD	Annual
Preferred stock dividends and redemption charges	`PreferredStockDividendsAndOtherAdjustments`	$13.99M	USD	Annual
Preferred stock dividends and redemption charges	`PreferredStockDividendsAndOtherAdjustments`	$14.25M	USD	Annual
Income Attributable to Common Stockholders	`EarningsLossBeforeDistributedAndUndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic`	$192.72M	USD	Annual
Income Attributable to Common Stockholders	`EarningsLossBeforeDistributedAndUndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic`	$13.66M	USD	Annual
Income Attributable to Common Stockholders	`EarningsLossBeforeDistributedAndUndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic`	$73.04M	USD	Annual
Basic income attributable to common stockholders per common share (in dollars per share)	`EarningsPerShareBasic`	$0.34	USD	Annual
Basic income attributable to common stockholders per common share (in dollars per share)	`EarningsPerShareBasic`	$0.06	USD	Annual
Basic income attributable to common stockholders per common share (in dollars per share)	`EarningsPerShareBasic`	$0.93	USD	Annual
Diluted income attributable to common stockholders per common share (in dollars per share)	`EarningsPerShareDiluted`	$0.06	USD	Annual
Diluted income attributable to common stockholders per common share (in dollars per share)	`EarningsPerShareDiluted`	$0.93	USD	Annual
Diluted income attributable to common stockholders per common share (in dollars per share)	`EarningsPerShareDiluted`	$0.34	USD	Annual
Basic weighted average common shares outstanding (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	205.59M	shares	Annual
Basic weighted average common shares outstanding (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	212.61M	shares	Annual
Basic weighted average common shares outstanding (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	216.30M	shares	Annual
Diluted weighted average common shares outstanding (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	212.65M	shares	Annual
Diluted weighted average common shares outstanding (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	205.87M	shares	Annual
Diluted weighted average common shares outstanding (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	216.30M	shares	Annual

Cash Flow Statement 144 line items

Line Item	Tag	Value	Unit	Period
Net Income	`ProfitLoss`	$90.77M	USD	Annual
Net Income	`ProfitLoss`	$206.71M	USD	Annual
Net Income	`ProfitLoss`	$32.99M	USD	Annual
Bad debt expense	`ProvisionForDoubtfulAccounts`	$323.00K	USD	Annual
Bad debt expense	`ProvisionForDoubtfulAccounts`	$964.00K	USD	Annual
Bad debt expense	`ProvisionForDoubtfulAccounts`	$372.00K	USD	Annual
Gain on sale of assets	`GainLossOnDispositionOfAssets1`	$22.95M	USD	Annual
Gain on sale of assets	`GainLossOnDispositionOfAssets1`	$152.44M	USD	Annual
Gain on sale of assets	`GainLossOnDispositionOfAssets1`	$123.82M	USD	Annual
(Gain) loss on extinguishment of debt, net	`GainsLossesOnExtinguishmentOfDebt`	$9.94M	USD	Annual
(Gain) loss on extinguishment of debt, net	`GainsLossesOnExtinguishmentOfDebt`	$-936.00K	USD	Annual
(Gain) loss on extinguishment of debt, net	`GainsLossesOnExtinguishmentOfDebt`	$-57.00K	USD	Annual
Noncash interest on derivatives, net	`IncreaseDecreaseInDerivativeAssetsAndLiabilities`	$-252.00K	USD	Annual
Noncash interest on derivatives, net	`IncreaseDecreaseInDerivativeAssetsAndLiabilities`	$2.19M	USD	Annual
Noncash interest on derivatives, net	`IncreaseDecreaseInDerivativeAssetsAndLiabilities`	$3.40M	USD	Annual
Depreciation	`Depreciation`	$128.62M	USD	Annual
Depreciation	`Depreciation`	$126.54M	USD	Annual
Depreciation	`Depreciation`	$125.84M	USD	Annual
Amortization of franchise fees and other intangibles	`AmortizationOfIntangibleAssets`	$464.00K	USD	Annual
Amortization of franchise fees and other intangibles	`AmortizationOfIntangibleAssets`	$63.00K	USD	Annual
Amortization of franchise fees and other intangibles	`AmortizationOfIntangibleAssets`	$492.00K	USD	Annual
Amortization of deferred financing costs	`AmortizationOfFinancingCosts`	$2.70M	USD	Annual
Amortization of deferred financing costs	`AmortizationOfFinancingCosts`	$2.49M	USD	Annual
Amortization of deferred financing costs	`AmortizationOfFinancingCosts`	$2.92M	USD	Annual
Amortization of deferred stock compensation	`ShareBasedCompensation`	$10.89M	USD	Annual
Amortization of deferred stock compensation	`ShareBasedCompensation`	$10.78M	USD	Annual
Amortization of deferred stock compensation	`ShareBasedCompensation`	$12.79M	USD	Annual
Impairment losses	`ImpairmentOfRealEstate`	$3.47M	USD	Annual
Impairment losses	`ImpairmentOfRealEstate`	$2.69M	USD	Annual
Gain on hurricane-related damage	`InsuredEventGainLoss`	$4.37M	USD	Annual
Gain on hurricane-related damage	`InsuredEventGainLoss`	$3.72M	USD	Annual
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$12.74M	USD	Annual
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-10.61M	USD	Annual
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$20.52M	USD	Annual
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$18.00K	USD	Annual
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-4.46M	USD	Annual
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$1.87M	USD	Annual
Accounts payable and other liabilities	`IncreaseDecreaseInAccountsPayableAndOtherOperatingLiabilities`	$12.74M	USD	Annual
Accounts payable and other liabilities	`IncreaseDecreaseInAccountsPayableAndOtherOperatingLiabilities`	$25.64M	USD	Annual
Accounts payable and other liabilities	`IncreaseDecreaseInAccountsPayableAndOtherOperatingLiabilities`	$-20.84M	USD	Annual
Operating lease right-of-use assets and obligations	`IncreaseDecreaseInOperatingLeaseRightOfUseAssetsAndLiabilitiesNet`	$-1.41M	USD	Annual
Operating lease right-of-use assets and obligations	`IncreaseDecreaseInOperatingLeaseRightOfUseAssetsAndLiabilitiesNet`	$-1.34M	USD	Annual
Operating lease right-of-use assets and obligations	`IncreaseDecreaseInOperatingLeaseRightOfUseAssetsAndLiabilitiesNet`	$-102.00K	USD	Annual
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$198.13M	USD	Annual
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$209.38M	USD	Annual
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$28.37M	USD	Annual
Proceeds from sale of assets	`ProceedsFromSalesOfAssetsInvestingActivities`	$364.49M	USD	Annual
Proceeds from sale of assets	`ProceedsFromSalesOfAssetsInvestingActivities`	$183.55M	USD	Annual
Proceeds from sale of assets	`ProceedsFromSalesOfAssetsInvestingActivities`	$191.29M	USD	Annual
Disposition deposit	`ProceedsFromDepositsOnRealEstateSales`	$4.00M	USD	Annual
Acquisitions of hotel properties and other assets	`PaymentsToAcquireCommercialRealEstate`	$232.51M	USD	Annual
Acquisitions of hotel properties and other assets	`PaymentsToAcquireCommercialRealEstate`	$363.50M	USD	Annual
Proceeds from property insurance	`ProceedsFromInsuranceSettlementInvestingActivities`	$4.37M	USD	Annual
Proceeds from property insurance	`ProceedsFromInsuranceSettlementInvestingActivities`	$3.72M	USD	Annual
Renovations and additions to hotel properties and other assets	`PaymentsForCapitalImprovements`	$110.13M	USD	Annual
Renovations and additions to hotel properties and other assets	`PaymentsForCapitalImprovements`	$128.58M	USD	Annual
Renovations and additions to hotel properties and other assets	`PaymentsForCapitalImprovements`	$63.66M	USD	Annual
Payment for interest rate derivative	`PaymentsForDerivativeInstrumentInvestingActivities`	$80.00K	USD	Annual
Payment for interest rate derivative	`PaymentsForDerivativeInstrumentInvestingActivities`	$299.00K	USD	Annual
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-165.72M	USD	Annual
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$258.08M	USD	Annual
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-239.69M	USD	Annual
Acquisition of noncontrolling interest, including transaction costs	`PaymentForAcquisitionOfNoncontrollingInterest`	$104.26M	USD	Annual
Acquisition of noncontrolling interest, including transaction costs	`PaymentForAcquisitionOfNoncontrollingInterest`	$299.00K	USD	Annual
Proceeds from preferred stock offerings	`ProceedsFromIssuanceOfRedeemablePreferredStock`	$215.00M	USD	Annual
Redemptions of preferred stock	`PaymentsForRepurchaseOfRedeemablePreferredStock`	$190.00M	USD	Annual
Proceeds from common stock offerings	`ProceedsFromIssuanceOfCommonStock`	$38.44M	USD	Annual
Repurchases of outstanding common stock	`PaymentsForRepurchaseOfCommonStock`	$56.40M	USD	Annual
Repurchases of outstanding common stock	`PaymentsForRepurchaseOfCommonStock`	$108.44M	USD	Annual
Repurchases of common stock for employee tax obligations	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$3.35M	USD	Annual
Repurchases of common stock for employee tax obligations	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$4.88M	USD	Annual
Repurchases of common stock for employee tax obligations	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$3.35M	USD	Annual
Proceeds from credit facility	`ProceedsFromUnsecuredLinesOfCredit`	$230.00M	USD	Annual
Proceeds from credit facility	`ProceedsFromUnsecuredLinesOfCredit`	$110.00M	USD	Annual
Payment on credit facility	`RepaymentsOfLongTermLinesOfCredit`	$110.00M	USD	Annual
Payment on credit facility	`RepaymentsOfLongTermLinesOfCredit`	$230.00M	USD	Annual
Proceeds from notes payable	`ProceedsFromIssuanceOfDebt`	$225.00M	USD	Annual
Proceeds from notes payable	`ProceedsFromIssuanceOfDebt`	$243.62M	USD	Annual
Payments on notes payable	`RepaymentsOfDebt`	$79.88M	USD	Annual
Payments on notes payable	`RepaymentsOfDebt`	$222.09M	USD	Annual
Payments on notes payable	`RepaymentsOfDebt`	$38.92M	USD	Annual
Payments of deferred financing costs	`PaymentsOfFinancingCosts`	$2.33M	USD	Annual
Payments of deferred financing costs	`PaymentsOfFinancingCosts`	$7.40M	USD	Annual
Payments of deferred financing costs	`PaymentsOfFinancingCosts`	$397.00K	USD	Annual
Dividends and distributions paid	`PaymentsOfDividends`	$13.69M	USD	Annual
Dividends and distributions paid	`PaymentsOfDividends`	$59.83M	USD	Annual
Dividends and distributions paid	`PaymentsOfDividends`	$24.82M	USD	Annual
Distribution to noncontrolling interest	`PaymentsToMinorityShareholders`	$5.50M	USD	Annual
Contributions from noncontrolling interest	`ProceedsFromMinorityShareholders`	$1.38M	USD	Annual
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-49.17M	USD	Annual
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-42.10M	USD	Annual
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-119.72M	USD	Annual
Net increase (decrease) in cash and cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-253.42M	USD	Annual
Net increase (decrease) in cash and cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-5.51M	USD	Annual
Net increase (decrease) in cash and cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$336.49M	USD	Annual
Cash and cash equivalents and restricted cash, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$493.70M	USD	Point-in-time
Cash and cash equivalents and restricted cash, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$416.14M	USD	Point-in-time
Cash and cash equivalents and restricted cash, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$157.21M	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, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$493.70M	USD	Point-in-time
Cash and cash equivalents and restricted cash, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$416.14M	USD	Point-in-time
Cash and cash equivalents and restricted cash, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$157.21M	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	`CashAndCashEquivalentsAtCarryingValue`	$120.48M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$101.22M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$426.40M	USD	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalentsAtCarryingValue`	$67.30M	USD	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalentsAtCarryingValue`	$55.98M	USD	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalentsAtCarryingValue`	$42.23M	USD	Point-in-time
Total cash and cash equivalents and restricted cash shown on the consolidated statements of cash flows	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$493.70M	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
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`	$162.72M	USD	Point-in-time
Cash paid for interest	`InterestPaidNet`	$49.30M	USD	Annual
Cash paid for interest	`InterestPaidNet`	$31.43M	USD	Annual
Cash paid for interest	`InterestPaidNet`	$31.66M	USD	Annual
Cash paid for income taxes, net	`IncomeTaxesPaidNet`	$1.73M	USD	Annual
Cash paid for income taxes, net	`IncomeTaxesPaidNet`	$709.00K	USD	Annual
Cash paid for income taxes, net	`IncomeTaxesPaidNet`	$35.00K	USD	Annual
Operating cash flows used for operating leases	`OperatingLeasePayments`	$6.80M	USD	Annual
Operating cash flows used for operating leases	`OperatingLeasePayments`	$6.76M	USD	Annual
Operating cash flows used for operating leases	`OperatingLeasePayments`	$5.53M	USD	Annual
Changes in operating lease right-of-use assets	`IncreaseDecreaseInInOperatingLeaseRightOfUseAssetsNet`	$-4.43M	USD	Annual
Changes in operating lease right-of-use assets	`IncreaseDecreaseInInOperatingLeaseRightOfUseAssetsNet`	$-3.77M	USD	Annual
Changes in operating lease right-of-use assets	`IncreaseDecreaseInInOperatingLeaseRightOfUseAssetsNet`	$-3.80M	USD	Annual
Changes in operating lease obligations	`IncreaseDecreaseInOperatingLeaseLiabilitiesNet`	$-5.14M	USD	Annual
Changes in operating lease obligations	`IncreaseDecreaseInOperatingLeaseLiabilitiesNet`	$-4.54M	USD	Annual
Changes in operating lease obligations	`IncreaseDecreaseInOperatingLeaseLiabilitiesNet`	$-5.18M	USD	Annual
Changes in operating lease right-of-use assets and lease obligations, net	`IncreaseDecreaseInOperatingLeaseRightOfUseAssetsAndLiabilitiesNet`	$-1.41M	USD	Annual
Changes in operating lease right-of-use assets and lease obligations, net	`IncreaseDecreaseInOperatingLeaseRightOfUseAssetsAndLiabilitiesNet`	$-1.34M	USD	Annual
Changes in operating lease right-of-use assets and lease obligations, net	`IncreaseDecreaseInOperatingLeaseRightOfUseAssetsAndLiabilitiesNet`	$-102.00K	USD	Annual
Accrued renovations and additions to hotel properties and other assets	`CapitalExpendituresIncurredButNotYetPaid`	$8.53M	USD	Annual
Accrued renovations and additions to hotel properties and other assets	`CapitalExpendituresIncurredButNotYetPaid`	$9.57M	USD	Annual
Accrued renovations and additions to hotel properties and other assets	`CapitalExpendituresIncurredButNotYetPaid`	$9.81M	USD	Annual
Operating lease right-of-use asset obtained in exchange for operating lease obligation	`RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability`	$864.00K	USD	Annual
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	Annual
Amortization of deferred stock compensation - construction activities	`EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount`	$481.00K	USD	Annual
Amortization of deferred stock compensation - construction activities	`EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount`	$490.00K	USD	Annual
Amortization of deferred stock compensation - construction activities	`EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount`	$467.00K	USD	Annual
Preferred stock redemption charges	`PreferredStockRedemptionPremium`	$6.64M	USD	Annual
Dividends and distributions payable	`DividendsPayableCurrentAndNoncurrent`	$13.99M	USD	Point-in-time
Dividends and distributions payable	`DividendsPayableCurrentAndNoncurrent`	$29.96M	USD	Point-in-time
Dividends and distributions payable	`DividendsPayableCurrentAndNoncurrent`	$3.51M	USD	Point-in-time

Stockholders Equity 28 line items

Line Item	Tag	Value	Unit	Period
Common stock distributions and distributions payable, per share (in dollars per share)	`CommonStockDividendsPerShareDeclared`	$0.30	USD	Annual
Common stock distributions and distributions payable, per share (in dollars per share)	`CommonStockDividendsPerShareDeclared`	$0.10	USD	Annual
Beginning Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.09B	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`	$2.17B	USD	Point-in-time
Amortization of deferred stock compensation	`AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationRestrictedStockUnitsRequisiteServicePeriodRecognition`	$11.24M	USD	Annual
Amortization of deferred stock compensation	`AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationRestrictedStockUnitsRequisiteServicePeriodRecognition`	$11.37M	USD	Annual
Amortization of deferred stock compensation	`AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationRestrictedStockUnitsRequisiteServicePeriodRecognition`	$13.28M	USD	Annual
Issuance of restricted common stock, net	`RestrictedStockValueSharesIssuedNetOfTaxWithholdings`	$-3.78M	USD	Annual
Issuance of restricted common stock, net	`RestrictedStockValueSharesIssuedNetOfTaxWithholdings`	$-4.88M	USD	Annual
Issuance of restricted common stock, net	`RestrictedStockValueSharesIssuedNetOfTaxWithholdings`	$-3.44M	USD	Annual
Common stock distributions and distributions payable	`DividendsCommonStockCash`	$61.81M	USD	Annual
Common stock distributions and distributions payable	`DividendsCommonStockCash`	$21.06M	USD	Annual
Distribution to noncontrolling interest	`MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders`	$5.50M	USD	Annual
Contribution from noncontrolling interest	`NoncontrollingInterestIncreaseFromSubsidiaryEquityIssuance`	$1.38M	USD	Annual
Repurchases of outstanding common stock	`StockRepurchasedDuringPeriodValue`	$108.44M	USD	Annual
Repurchases of outstanding common stock	`StockRepurchasedDuringPeriodValue`	$56.40M	USD	Annual
Net proceeds from issuance of common stock	`StockIssuedDuringPeriodValueNewIssues`	$37.66M	USD	Annual
Acquisition of noncontrolling interest, net	`AcquisitionOfNoncontrollingInterest`	$104.26M	USD	Annual
Acquisition of noncontrolling interest, net	`AcquisitionOfNoncontrollingInterest`	$299.00K	USD	Annual
Net Income	`ProfitLoss`	$90.77M	USD	Annual
Net Income	`ProfitLoss`	$206.71M	USD	Annual
Net Income	`ProfitLoss`	$32.99M	USD	Annual
Ending Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.09B	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`	$2.17B	USD	Point-in-time

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