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10-Q Filing

BRAEMAR HOTELS & RESORTS INC. CIK: 1574085 Q1 2022
Filing Information
Form Type 10-Q
Accession Number 0001574085-22-000053
Period End Date 20220331
Filing Date 20220506
Fiscal Year 2022
Fiscal Period Q1
XBRL Instance bhr-20220331_htm.xml
Balance Sheet 90 line items
Line Item Tag Value Unit Period
Investments in hotel properties, gross PropertyPlantAndEquipmentGross $2.04B USD Point-in-time
Investments in hotel properties, gross PropertyPlantAndEquipmentGross $1.85B USD Point-in-time
Allowance for doubtful notes receivable AllowanceForDoubtfulAccountsReceivable $157.00K USD Point-in-time
Accumulated depreciation AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment $409.57M USD Point-in-time
Allowance for doubtful notes receivable AllowanceForDoubtfulAccountsReceivable $134.00K USD Point-in-time
Accumulated depreciation AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment $399.48M USD Point-in-time
Investments in hotel properties, net PropertyPlantAndEquipmentNet $1.63B USD Point-in-time
Investments in hotel properties, net PropertyPlantAndEquipmentNet $1.45B USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $85.68M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $78.61M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $185.16M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $216.00M USD Point-in-time
Restricted cash RestrictedCash $39.32M USD Point-in-time
Restricted cash RestrictedCash $34.54M USD Point-in-time
Restricted cash RestrictedCash $47.38M USD Point-in-time
Restricted cash RestrictedCash $41.18M USD Point-in-time
Accounts receivable, net of allowance of $157 and $134, respectively AccountsReceivableNet $29.25M USD Point-in-time
Accounts receivable, net of allowance of $157 and $134, respectively AccountsReceivableNet $23.70M USD Point-in-time
Inventories InventoryNet $3.13M USD Point-in-time
Inventories InventoryNet $4.32M USD Point-in-time
Prepaid expenses PrepaidExpenseCurrentAndNoncurrent $7.51M USD Point-in-time
Prepaid expenses PrepaidExpenseCurrentAndNoncurrent $4.35M USD Point-in-time
Investment in unconsolidated entity EquityMethodInvestments $1.62M USD Point-in-time
Investment in unconsolidated entity EquityMethodInvestments $1.69M USD Point-in-time
Derivative assets DerivativeAssets $1.06M USD Point-in-time
Derivative assets DerivativeAssets $139.00K USD Point-in-time
Operating lease right-of-use assets OperatingLeaseRightOfUseAsset $80.20M USD Point-in-time
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
Operating lease right-of-use assets OperatingLeaseRightOfUseAsset $80.46M USD Point-in-time
Preferred stock, shares authorized (in shares) PreferredStockSharesAuthorized 80.00M shares Point-in-time
Other assets OtherAssets $17.84M USD Point-in-time
Preferred stock, shares authorized (in shares) PreferredStockSharesAuthorized 80.00M shares Point-in-time
Other assets OtherAssets $23.59M USD Point-in-time
Intangible assets, net FiniteLivedIntangibleAssetsNet $4.26M USD Point-in-time
Intangible assets, net FiniteLivedIntangibleAssetsNet $4.17M USD Point-in-time
Due from related parties, net DueFromRelatedParties $930.00K USD Point-in-time
Due from related parties, net DueFromRelatedParties $1.77M USD Point-in-time
Due from third-party hotel managers DueFromThirdPartyHotelManagers $27.46M USD Point-in-time
Due from third-party hotel managers DueFromThirdPartyHotelManagers $40.11M USD Point-in-time
Common stock, par value (in dollars per share) CommonStockParOrStatedValuePerShare $0.01 USD Point-in-time
Total assets Assets $2.05B USD Point-in-time
Total assets Assets $1.88B 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 250.00M shares Point-in-time
Common stock, shares authorized (in shares) CommonStockSharesAuthorized 250.00M shares Point-in-time
Common stock, shares issued (in shares) CommonStockSharesIssued 65.37M shares Point-in-time
Common stock, shares issued (in shares) CommonStockSharesIssued 71.27M shares Point-in-time
Common stock, shares outstanding (in shares) CommonStockSharesOutstanding 65.37M shares Point-in-time
Indebtedness, net LongTermDebt $1.17B USD Point-in-time
Indebtedness, net LongTermDebt $1.24B USD Point-in-time
Common stock, shares outstanding (in shares) CommonStockSharesOutstanding 71.27M shares Point-in-time
Accounts payable and accrued expenses AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent $96.32M USD Point-in-time
Accounts payable and accrued expenses AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent $118.51M USD Point-in-time
Dividends and distributions payable DividendsPayableCurrentAndNoncurrent $2.17M USD Point-in-time
Dividends and distributions payable DividendsPayableCurrentAndNoncurrent $3.23M USD Point-in-time
Due to Ashford Inc. DueToAffiliateCurrentAndNoncurrent $1.47M USD Point-in-time
Due to Ashford Inc. DueToAffiliateCurrentAndNoncurrent $3.79M USD Point-in-time
Due to third-party hotel managers DueToThirdPartyHotelManagers $610.00K USD Point-in-time
Due to third-party hotel managers DueToThirdPartyHotelManagers $578.00K USD Point-in-time
Operating lease liabilities OperatingLeaseLiability $60.86M USD Point-in-time
Operating lease liabilities OperatingLeaseLiability $60.94M USD Point-in-time
Other liabilities OtherLiabilities $20.03M USD Point-in-time
Other liabilities OtherLiabilities $20.59M USD Point-in-time
Derivative liabilities DerivativeLiabilities $1.44M USD Point-in-time
Derivative liabilities DerivativeLiabilities $1.87M USD Point-in-time
Total liabilities Liabilities $1.45B USD Point-in-time
Total liabilities Liabilities $1.36B USD Point-in-time
Commitments and contingencies (note 15) CommitmentsAndContingencies - USD Point-in-time
Commitments and contingencies (note 15) CommitmentsAndContingencies - USD Point-in-time
Redeemable noncontrolling interests in operating partnership RedeemableNoncontrollingInterestEquityCarryingAmount $42.29M USD Point-in-time
Redeemable noncontrolling interests in operating partnership RedeemableNoncontrollingInterestEquityCarryingAmount $36.09M USD Point-in-time
8.25% Series D cumulative preferred stock, 1,600,000 shares issued and outstanding at March 31, 2022 and December 31, 2021 PreferredStockValueOutstanding $16.00K USD Point-in-time
8.25% Series D cumulative preferred stock, 1,600,000 shares issued and outstanding at March 31, 2022 and December 31, 2021 PreferredStockValueOutstanding $16.00K USD Point-in-time
Common stock, $0.01 par value, 250,000,000 shares authorized, 71,269,799 and 65,365,470 shares issued and outstanding at March 31, 2022 and December 31, 2021, respectively CommonStockValue $653.00K USD Point-in-time
Common stock, $0.01 par value, 250,000,000 shares authorized, 71,269,799 and 65,365,470 shares issued and outstanding at March 31, 2022 and December 31, 2021, respectively CommonStockValue $712.00K USD Point-in-time
Additional paid-in capital AdditionalPaidInCapital $707.42M USD Point-in-time
Additional paid-in capital AdditionalPaidInCapital $736.91M USD Point-in-time
Accumulated deficit RetainedEarningsAccumulatedDeficit $-303.32M USD Point-in-time
Accumulated deficit RetainedEarningsAccumulatedDeficit $-309.24M USD Point-in-time
Total stockholders equity of the Company StockholdersEquity $398.85M USD Point-in-time
Total stockholders equity of the Company StockholdersEquity $434.32M USD Point-in-time
Noncontrolling interest in consolidated entities MinorityInterest $-16.55M USD Point-in-time
Noncontrolling interest in consolidated entities MinorityInterest $-16.41M USD Point-in-time
Total equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $276.96M USD Point-in-time
Total equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $261.17M USD Point-in-time
Total equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $417.90M USD Point-in-time
Total equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $382.30M USD Point-in-time
Total liabilities and equity LiabilitiesAndStockholdersEquity $2.05B USD Point-in-time
Total liabilities and equity LiabilitiesAndStockholdersEquity $1.88B USD Point-in-time
Income Statement 54 line items
Line Item Tag Value Unit Period
Total revenue RevenueFromContractWithCustomerExcludingAssessedTax $83.85M USD 1 Quarter
Total revenue RevenueFromContractWithCustomerExcludingAssessedTax $161.88M USD 1 Quarter
Total hotel operating expenses CostOfGoodsAndServiceExcludingDepreciationDepletionAndAmortization $56.04M USD 1 Quarter
Total hotel operating expenses CostOfGoodsAndServiceExcludingDepreciationDepletionAndAmortization $98.57M USD 1 Quarter
Property taxes, insurance and other PropertyTaxesInsuranceAndOther $7.26M USD 1 Quarter
Property taxes, insurance and other PropertyTaxesInsuranceAndOther $8.60M USD 1 Quarter
Depreciation and amortization DepreciationAndAmortization $18.44M USD 1 Quarter
Depreciation and amortization DepreciationAndAmortization $18.35M USD 1 Quarter
Advisory services fee AdvisoryServicesFee $4.79M USD 1 Quarter
Advisory services fee AdvisoryServicesFee $7.32M USD 1 Quarter
Corporate general and administrative GeneralAndAdministrativeExpense $2.50M USD 1 Quarter
Corporate general and administrative GeneralAndAdministrativeExpense $1.60M USD 1 Quarter
Total expenses CostsAndExpenses $88.05M USD 1 Quarter
Total expenses CostsAndExpenses $135.43M USD 1 Quarter
Gain (loss) on insurance settlement and disposition of assets GainLossOnInsuranceSettlementAndDispositionOfAssets $499.00K USD 1 Quarter
Gain (loss) on insurance settlement and disposition of assets GainLossOnInsuranceSettlementAndDispositionOfAssets - USD 1 Quarter
OPERATING INCOME (LOSS) OperatingIncomeLoss $-3.71M USD 1 Quarter
OPERATING INCOME (LOSS) OperatingIncomeLoss $26.45M USD 1 Quarter
Equity in earnings (loss) of unconsolidated entity IncomeLossFromEquityMethodInvestments $-72.00K USD 1 Quarter
Equity in earnings (loss) of unconsolidated entity IncomeLossFromEquityMethodInvestments $-64.00K USD 1 Quarter
Interest income InvestmentIncomeInterest $9.00K USD 1 Quarter
Interest income InvestmentIncomeInterest $25.00K USD 1 Quarter
Interest expense and amortization of discounts and loan costs InterestExpenseDebt $6.76M USD 1 Quarter
Interest expense and amortization of discounts and loan costs InterestExpenseDebt $8.52M USD 1 Quarter
Write-off of loan costs and exit fees WriteOffOfDeferredDebtIssuanceCost $76.00K USD 1 Quarter
Write-off of loan costs and exit fees WriteOffOfDeferredDebtIssuanceCost $351.00K USD 1 Quarter
Unrealized gain (loss) on derivatives UnrealizedGainLossOnDerivatives $-20.00K USD 1 Quarter
Unrealized gain (loss) on derivatives UnrealizedGainLossOnDerivatives $408.00K USD 1 Quarter
INCOME (LOSS) BEFORE INCOME TAXES IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $-10.89M USD 1 Quarter
INCOME (LOSS) BEFORE INCOME TAXES IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $18.21M USD 1 Quarter
Income tax (expense) benefit IncomeTaxExpenseBenefit $145.00K USD 1 Quarter
Income tax (expense) benefit IncomeTaxExpenseBenefit $2.61M USD 1 Quarter
NET INCOME (LOSS) ProfitLoss $-11.03M USD 1 Quarter
NET INCOME (LOSS) ProfitLoss $15.60M USD 1 Quarter
(Income) loss attributable to noncontrolling interest in consolidated entities NetIncomeLossAttributableToNonredeemableNoncontrollingInterest $-26.00K USD 1 Quarter
(Income) loss attributable to noncontrolling interest in consolidated entities NetIncomeLossAttributableToNonredeemableNoncontrollingInterest $-1.25M USD 1 Quarter
Net (income) loss attributable to redeemable noncontrolling interests in operating partnership NoncontrollingInterestInNetIncomeLossOperatingPartnershipsRedeemable $-1.08M USD 1 Quarter
Net (income) loss attributable to redeemable noncontrolling interests in operating partnership NoncontrollingInterestInNetIncomeLossOperatingPartnershipsRedeemable $967.00K USD 1 Quarter
NET INCOME (LOSS) ATTRIBUTABLE TO THE COMPANY NetIncomeLoss $14.66M USD 1 Quarter
NET INCOME (LOSS) ATTRIBUTABLE TO THE COMPANY NetIncomeLoss $-8.71M USD 1 Quarter
Preferred dividends PreferredStockDividendsIncomeStatementImpact $3.30M USD 1 Quarter
Preferred dividends PreferredStockDividendsIncomeStatementImpact $2.39M USD 1 Quarter
Gain (loss) on extinguishment of preferred stock GainLossOnExtinguishmentOfPreferredStock - USD 1 Quarter
Gain (loss) on extinguishment of preferred stock GainLossOnExtinguishmentOfPreferredStock $-73.00K USD 1 Quarter
NET INCOME (LOSS) ATTRIBUTABLE TO COMMON STOCKHOLDERS NetIncomeLossAvailableToCommonStockholdersBasic $-11.17M USD 1 Quarter
NET INCOME (LOSS) ATTRIBUTABLE TO COMMON STOCKHOLDERS NetIncomeLossAvailableToCommonStockholdersBasic $11.36M USD 1 Quarter
Net income (loss) attributable to common stockholders (in dollars per share) EarningsPerShareBasic $-0.28 USD 1 Quarter
Net income (loss) attributable to common stockholders (in dollars per share) EarningsPerShareBasic $0.17 USD 1 Quarter
Weighted average common shares outstanding basic (in shares) WeightedAverageNumberOfSharesOutstandingBasic 39.60M shares 1 Quarter
Weighted average common shares outstanding basic (in shares) WeightedAverageNumberOfSharesOutstandingBasic 65.88M shares 1 Quarter
Net income (loss) attributable to common stockholders (in dollars per share) EarningsPerShareDiluted $0.15 USD 1 Quarter
Net income (loss) attributable to common stockholders (in dollars per share) EarningsPerShareDiluted $-0.28 USD 1 Quarter
Weighted average common shares outstanding diluted (in shares) WeightedAverageNumberOfDilutedSharesOutstanding 89.89M shares 1 Quarter
Weighted average common shares outstanding diluted (in shares) WeightedAverageNumberOfDilutedSharesOutstanding 39.60M shares 1 Quarter
Cash Flow Statement 120 line items
Line Item Tag Value Unit Period
Net income (loss) ProfitLoss $-11.03M USD 1 Quarter
Net income (loss) ProfitLoss $15.60M USD 1 Quarter
Depreciation and amortization DepreciationAndAmortization $18.44M USD 1 Quarter
Depreciation and amortization DepreciationAndAmortization $18.35M USD 1 Quarter
Equity-based compensation ShareBasedCompensation $2.25M USD 1 Quarter
Equity-based compensation ShareBasedCompensation $1.42M USD 1 Quarter
Bad debt expense ProvisionForDoubtfulAccounts $70.00K USD 1 Quarter
Bad debt expense ProvisionForDoubtfulAccounts $269.00K USD 1 Quarter
Amortization of loan costs, discounts and capitalized default interest AmortizationOfLoanCostsAndCapitalizedDefaultInterest $-583.00K USD 1 Quarter
Amortization of loan costs, discounts and capitalized default interest AmortizationOfLoanCostsAndCapitalizedDefaultInterest $109.00K USD 1 Quarter
Write-off of loan costs and exit fees WriteOffOfDeferredDebtIssuanceCost $76.00K USD 1 Quarter
Write-off of loan costs and exit fees WriteOffOfDeferredDebtIssuanceCost $351.00K USD 1 Quarter
Amortization of intangibles DepreciationAndAmortizationExcludingIntangibleAssets $138.00K USD 1 Quarter
Amortization of intangibles DepreciationAndAmortizationExcludingIntangibleAssets $119.00K USD 1 Quarter
Amortization of non-refundable membership initiation fees AmortizationOfNonRefundableMembershipInitiationFees $333.00K USD 1 Quarter
Amortization of non-refundable membership initiation fees AmortizationOfNonRefundableMembershipInitiationFees $194.00K USD 1 Quarter
Interest expense accretion on refundable membership club deposits InterestExpenseAccretionOnRefundableMembershipClubDeposits $190.00K USD 1 Quarter
Interest expense accretion on refundable membership club deposits InterestExpenseAccretionOnRefundableMembershipClubDeposits $202.00K USD 1 Quarter
(Gain) loss on insurance settlement and disposition of assets GainsLossesOnSalesOfOtherRealEstate $499.00K USD 1 Quarter
(Gain) loss on insurance settlement and disposition of assets GainsLossesOnSalesOfOtherRealEstate - USD 1 Quarter
Realized and unrealized (gain) loss on derivatives GainLossOnDerivativeInstrumentsHeldForTradingPurposesNet $-20.00K USD 1 Quarter
Realized and unrealized (gain) loss on derivatives GainLossOnDerivativeInstrumentsHeldForTradingPurposesNet $408.00K USD 1 Quarter
Equity in (earnings) loss of unconsolidated entity IncomeLossFromEquityMethodInvestments $-72.00K USD 1 Quarter
Equity in (earnings) loss of unconsolidated entity IncomeLossFromEquityMethodInvestments $-64.00K USD 1 Quarter
Deferred income tax expense (benefit) DeferredTaxExpenseBenefit - USD 1 Quarter
Deferred income tax expense (benefit) DeferredTaxExpenseBenefit $-174.00K USD 1 Quarter
Accounts receivable and inventories IncreaseDecreaseInAccountsReceivableAndInventories $3.70M USD 1 Quarter
Accounts receivable and inventories IncreaseDecreaseInAccountsReceivableAndInventories $1.07M USD 1 Quarter
Prepaid expenses and other assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets $4.66M USD 1 Quarter
Prepaid expenses and other assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets $3.51M USD 1 Quarter
Accounts payable and accrued expenses IncreaseDecreaseInAccountsPayableAndAccruedLiabilities $16.13M USD 1 Quarter
Accounts payable and accrued expenses IncreaseDecreaseInAccountsPayableAndAccruedLiabilities $7.05M USD 1 Quarter
Operating lease right-of-use assets IncreaseDecreaseInOperatingLeaseRightOfUseAsset $147.00K USD 1 Quarter
Operating lease right-of-use assets IncreaseDecreaseInOperatingLeaseRightOfUseAsset $137.00K USD 1 Quarter
Due to/from related parties, net IncreaseDecreaseInDueToRelatedPartiesExcludingAmountsDueToAffiliates $840.00K USD 1 Quarter
Due to/from related parties, net IncreaseDecreaseInDueToRelatedPartiesExcludingAmountsDueToAffiliates $-61.00K USD 1 Quarter
Due to/from third-party hotel managers IncreaseDecreaseInDueToFromThirdPartyHotelManagers $-12.23M USD 1 Quarter
Due to/from third-party hotel managers IncreaseDecreaseInDueToFromThirdPartyHotelManagers $-5.48M USD 1 Quarter
Due to/from Ashford Inc. IncreaseDecreaseInDueToAffiliates $1.70M USD 1 Quarter
Due to/from Ashford Inc. IncreaseDecreaseInDueToAffiliates $-363.00K USD 1 Quarter
Operating lease liabilities IncreaseDecreaseInOperatingLeaseLiability $-73.00K USD 1 Quarter
Operating lease liabilities IncreaseDecreaseInOperatingLeaseLiability $-60.00K USD 1 Quarter
Other liabilities IncreaseDecreaseInOtherOperatingLiabilities $698.00K USD 1 Quarter
Other liabilities IncreaseDecreaseInOtherOperatingLiabilities $748.00K USD 1 Quarter
Net cash provided by (used in) operating activities NetCashProvidedByUsedInOperatingActivities $28.79M USD 1 Quarter
Net cash provided by (used in) operating activities NetCashProvidedByUsedInOperatingActivities $11.97M USD 1 Quarter
Net proceeds from disposition of assets ProceedsFromSaleOfPropertyPlantAndEquipment - USD 1 Quarter
Net proceeds from disposition of assets ProceedsFromSaleOfPropertyPlantAndEquipment $200.00K USD 1 Quarter
Acquisition of hotel property, net of cash and restricted cash acquired PaymentsToAcquireProductiveAssets - USD 1 Quarter
Acquisition of hotel property, net of cash and restricted cash acquired PaymentsToAcquireProductiveAssets $86.96M USD 1 Quarter
Improvements and additions to hotel properties PaymentsForCapitalImprovements $10.79M USD 1 Quarter
Improvements and additions to hotel properties PaymentsForCapitalImprovements $4.69M USD 1 Quarter
Net cash provided by (used in) investing activities NetCashProvidedByUsedInInvestingActivities $-97.75M USD 1 Quarter
Net cash provided by (used in) investing activities NetCashProvidedByUsedInInvestingActivities $-4.49M USD 1 Quarter
Borrowings on indebtedness ProceedsFromIssuanceOfLongTermDebt - USD 1 Quarter
Borrowings on indebtedness ProceedsFromIssuanceOfLongTermDebt $70.50M USD 1 Quarter
Repayments of indebtedness RepaymentsOfDebt $10.83M USD 1 Quarter
Repayments of indebtedness RepaymentsOfDebt $67.75M USD 1 Quarter
Payments of loan costs and exit fees PaymentsOfDebtIssuanceCosts $1.67M USD 1 Quarter
Payments of loan costs and exit fees PaymentsOfDebtIssuanceCosts $365.00K USD 1 Quarter
Payments for derivatives PaymentsForDerivativeInstrumentFinancingActivities $20.00K USD 1 Quarter
Payments for derivatives PaymentsForDerivativeInstrumentFinancingActivities $76.00K USD 1 Quarter
Purchase of common stock PaymentsForRepurchaseOfCommonStock - USD 1 Quarter
Purchase of common stock PaymentsForRepurchaseOfCommonStock $28.00K USD 1 Quarter
Payments for dividends and distributions PaymentsOfDividends $2.56M USD 1 Quarter
Payments for dividends and distributions PaymentsOfDividends $2.95M USD 1 Quarter
Proceeds from issuance of preferred stock ProceedsFromIssuanceOfPreferredStockAndPreferenceStock - USD 1 Quarter
Proceeds from issuance of preferred stock ProceedsFromIssuanceOfPreferredStockAndPreferenceStock $33.73M USD 1 Quarter
Proceeds from issuance of common stock ProceedsFromIssuanceOfCommonStock - USD 1 Quarter
Proceeds from issuance of common stock ProceedsFromIssuanceOfCommonStock $18.18M USD 1 Quarter
Common stock offering costs PaymentsOfStockIssuanceCosts $36.00K USD 1 Quarter
Common stock offering costs PaymentsOfStockIssuanceCosts - USD 1 Quarter
Contributions from noncontrolling interest in consolidated entities ProceedsFromMinorityShareholders $164.00K USD 1 Quarter
Contributions from noncontrolling interest in consolidated entities ProceedsFromMinorityShareholders - USD 1 Quarter
Net cash provided by (used in) financing activities NetCashProvidedByUsedInFinancingActivities $31.92M USD 1 Quarter
Net cash provided by (used in) financing activities NetCashProvidedByUsedInFinancingActivities $4.38M USD 1 Quarter
Net change in cash, cash equivalents and restricted cash CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect $-37.04M USD 1 Quarter
Net change in cash, cash equivalents and restricted cash CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect $11.86M USD 1 Quarter
Cash, cash equivalents and restricted cash at beginning of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $226.34M USD Point-in-time
Cash, cash equivalents and restricted cash at beginning of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $263.37M USD Point-in-time
Cash, cash equivalents and restricted cash at beginning of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $113.15M USD Point-in-time
Cash, cash equivalents and restricted cash at beginning of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $125.01M USD Point-in-time
Cash, cash equivalents and restricted cash at end of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $226.34M USD Point-in-time
Cash, cash equivalents and restricted cash at end of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $263.37M USD Point-in-time
Cash, cash equivalents and restricted cash at end of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $113.15M USD Point-in-time
Cash, cash equivalents and restricted cash at end of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $125.01M USD Point-in-time
Interest paid InterestPaidNet $6.43M USD 1 Quarter
Interest paid InterestPaidNet $6.89M USD 1 Quarter
Income taxes paid (refunded) IncomeTaxesPaidNet $-2.99M USD 1 Quarter
Income taxes paid (refunded) IncomeTaxesPaidNet $-41.00K USD 1 Quarter
Dividends and distributions declared but not paid DividendsAndDistributionsDeclaredButNotPaid $2.57M USD 1 Quarter
Dividends and distributions declared but not paid DividendsAndDistributionsDeclaredButNotPaid $3.23M USD 1 Quarter
Common stock purchases accrued but not paid StockRepurchaseAccruedButNotPaid $348.00K USD 1 Quarter
Common stock purchases accrued but not paid StockRepurchaseAccruedButNotPaid $552.00K USD 1 Quarter
Assumption of debt in hotel acquisition NoncashOrPartNoncashAcquisitionDebtAssumed1 $58.60M USD 1 Quarter
Assumption of debt in hotel acquisition NoncashOrPartNoncashAcquisitionDebtAssumed1 - USD 1 Quarter
Capital expenditures accrued but not paid CapitalExpendituresIncurredButNotYetPaid $4.63M USD 1 Quarter
Capital expenditures accrued but not paid CapitalExpendituresIncurredButNotYetPaid $4.05M USD 1 Quarter
Issuance of common stock for hotel acquisition IssuanceOfCommonSharesForHotelAcquisitions $35.04M USD 1 Quarter
Issuance of common stock for hotel acquisition IssuanceOfCommonSharesForHotelAcquisitions - USD 1 Quarter
Accrued common stock offering expense AccruedCommonStockOfferingExpense $39.00K USD 1 Quarter
Accrued common stock offering expense AccruedCommonStockOfferingExpense $101.00K USD 1 Quarter
Unsettled common stock offering proceeds UnsettledCommonStockOfferingProceeds - USD 1 Quarter
Unsettled common stock offering proceeds UnsettledCommonStockOfferingProceeds $297.00K USD 1 Quarter
Accrued preferred stock offering expenses AccruedPreferredStockOfferingExpense $40.00K USD 1 Quarter
Accrued preferred stock offering expenses AccruedPreferredStockOfferingExpense - USD 1 Quarter
Non-cash preferred stock dividends NoncashInvestingAndFinancingActivitiesSettlementOfNotesReceivable - USD 1 Quarter
Non-cash preferred stock dividends NoncashInvestingAndFinancingActivitiesSettlementOfNotesReceivable $99.00K USD 1 Quarter
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $85.68M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $78.61M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $185.16M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $216.00M USD Point-in-time
Restricted cash RestrictedCash $39.32M USD Point-in-time
Restricted cash RestrictedCash $34.54M USD Point-in-time
Restricted cash RestrictedCash $47.38M USD Point-in-time
Restricted cash RestrictedCash $41.18M USD Point-in-time
Cash, cash equivalents and restricted cash CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $226.34M USD Point-in-time
Cash, cash equivalents and restricted cash CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $263.37M USD Point-in-time
Cash, cash equivalents and restricted cash CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $113.15M USD Point-in-time
Cash, cash equivalents and restricted cash CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $125.01M USD Point-in-time
Stockholders Equity 24 line items
Line Item Tag Value Unit Period
Dividends declared per common share (in dollars per share) CommonStockDividendsPerShareDeclared $0.01 USD 1 Quarter
Beginning balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $276.96M USD Point-in-time
Beginning balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $261.17M USD Point-in-time
Beginning balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $417.90M USD Point-in-time
Beginning balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $382.30M USD Point-in-time
Purchase of common stock StockRepurchasedDuringPeriodValue $348.00K USD 1 Quarter
Purchase of common stock StockRepurchasedDuringPeriodValue $552.00K USD 1 Quarter
Equity-based compensation AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue $1.32M USD 1 Quarter
Equity-based compensation AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue $1.10M USD 1 Quarter
Issuance of common stock StockIssuedDuringPeriodValueNewIssues $18.31M USD 1 Quarter
Issuance of common stock StockIssuedDuringPeriodValueNewIssues $35.04M USD 1 Quarter
Issuance of restricted shares/units StockIssuedDuringPeriodValueRestrictedStockAwardGross - USD 1 Quarter
Dividends declared common stock ($0.01/share) DividendsCommonStockCash $720.00K USD 1 Quarter
Contributions from noncontrolling interests NoncontrollingInterestIncreaseFromSubsidiaryEquityIssuance $164.00K USD 1 Quarter
Net income (loss) NetIncomeLossIncludingPortionAttributableToNonredeemableNoncontrollingInterest $-9.96M USD 1 Quarter
Net income (loss) NetIncomeLossIncludingPortionAttributableToNonredeemableNoncontrollingInterest $14.64M USD 1 Quarter
Extinguishment of preferred stock ExtinguishmentOfPreferredStockValue $-10.34M USD 1 Quarter
Redemption value adjustment - preferred stock IncreaseInCarryingAmountOfRedeemablePreferredStock $993.00K USD 1 Quarter
Redemption value adjustment MinorityInterestChangeInRedemptionValue $-1.27M USD 1 Quarter
Redemption value adjustment MinorityInterestChangeInRedemptionValue $-4.39M USD 1 Quarter
Ending balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $276.96M USD Point-in-time
Ending balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $261.17M USD Point-in-time
Ending balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $417.90M USD Point-in-time
Ending balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $382.30M USD Point-in-time
Comprehensive Income 12 line items
Line Item Tag Value Unit Period
NET INCOME (LOSS) ProfitLoss $-11.03M USD 1 Quarter
NET INCOME (LOSS) ProfitLoss $15.60M USD 1 Quarter
Total other comprehensive income (loss) OtherComprehensiveIncomeLossNetOfTax - USD 1 Quarter
Total other comprehensive income (loss) OtherComprehensiveIncomeLossNetOfTax - USD 1 Quarter
TOTAL COMPREHENSIVE INCOME (LOSS) ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest $-11.03M USD 1 Quarter
TOTAL COMPREHENSIVE INCOME (LOSS) ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest $15.60M USD 1 Quarter
Comprehensive (income) loss attributable to noncontrolling interest in consolidated entities ComprehensiveIncomeLossNetOfTaxPortionAttributableToNonredeemableNoncontrollingInterest $-1.25M USD 1 Quarter
Comprehensive (income) loss attributable to noncontrolling interest in consolidated entities ComprehensiveIncomeLossNetOfTaxPortionAttributableToNonredeemableNoncontrollingInterest $-26.00K USD 1 Quarter
Comprehensive (income) loss attributable to redeemable noncontrolling interests in operating partnership ComprehensiveIncomeLossNetOfTaxPortionAttributableToRedeemableNoncontrollingInterest $967.00K USD 1 Quarter
Comprehensive (income) loss attributable to redeemable noncontrolling interests in operating partnership ComprehensiveIncomeLossNetOfTaxPortionAttributableToRedeemableNoncontrollingInterest $-1.08M USD 1 Quarter
COMPREHENSIVE INCOME (LOSS) ATTRIBUTABLE TO THE COMPANY ComprehensiveIncomeNetOfTax $14.66M USD 1 Quarter
COMPREHENSIVE INCOME (LOSS) ATTRIBUTABLE TO THE COMPANY ComprehensiveIncomeNetOfTax $-8.71M USD 1 Quarter

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

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