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10-Q Filing

BRAEMAR HOTELS & RESORTS INC. CIK: 1574085 Q1 2023
Filing Information
Form Type 10-Q
Accession Number 0001574085-23-000064
Period End Date 20230331
Filing Date 20230508
Fiscal Year 2023
Fiscal Period Q1
XBRL Instance bhr-20230331_htm.xml
Balance Sheet 90 line items
Line Item Tag Value Unit Period
Allowance for doubtful notes receivable AllowanceForDoubtfulAccountsReceivable $339.00K USD Point-in-time
Allowance for doubtful notes receivable AllowanceForDoubtfulAccountsReceivable $285.00K USD Point-in-time
Investments in hotel properties, gross PropertyPlantAndEquipmentGross $2.33B USD Point-in-time
Investments in hotel properties, gross PropertyPlantAndEquipmentGross $2.34B USD Point-in-time
Accumulated depreciation AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment $455.28M USD Point-in-time
Accumulated depreciation AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment $440.49M USD Point-in-time
Investments in hotel properties, net PropertyPlantAndEquipmentNet $1.88B USD Point-in-time
Investments in hotel properties, net PropertyPlantAndEquipmentNet $1.88B USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $261.54M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $216.00M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $281.49M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $185.16M USD Point-in-time
Restricted cash RestrictedCash $63.06M USD Point-in-time
Restricted cash RestrictedCash $41.18M USD Point-in-time
Restricted cash RestrictedCash $47.38M USD Point-in-time
Restricted cash RestrictedCash $54.16M USD Point-in-time
Accounts receivable, net of allowance of $285 and $339, respectively AccountsReceivableNet $45.00M USD Point-in-time
Accounts receivable, net of allowance of $285 and $339, respectively AccountsReceivableNet $51.45M USD Point-in-time
Inventories InventoryNet $5.24M USD Point-in-time
Inventories InventoryNet $5.24M USD Point-in-time
Prepaid expenses PrepaidExpenseCurrentAndNoncurrent $7.04M USD Point-in-time
Preferred stock par value (in dollars per share) PreferredStockParOrStatedValuePerShare $0.01 USD Point-in-time
Prepaid expenses PrepaidExpenseCurrentAndNoncurrent $8.83M 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 80.00M shares Point-in-time
Investment in unconsolidated entity EquityMethodInvestments $1.69M USD Point-in-time
Preferred stock, shares authorized (in shares) PreferredStockSharesAuthorized 80.00M shares Point-in-time
Investment in unconsolidated entity EquityMethodInvestments $1.72M USD Point-in-time
Derivative assets DerivativeAssets $6.48M USD Point-in-time
Derivative assets DerivativeAssets $4.93M USD Point-in-time
Operating lease right-of-use assets OperatingLeaseRightOfUseAsset $79.45M USD Point-in-time
Operating lease right-of-use assets OperatingLeaseRightOfUseAsset $79.19M USD Point-in-time
Other assets OtherAssets $16.29M USD Point-in-time
Other assets OtherAssets $14.62M 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
Intangible assets, net FiniteLivedIntangibleAssetsNet $3.88M USD Point-in-time
Intangible assets, net FiniteLivedIntangibleAssetsNet $3.79M USD Point-in-time
Due from related parties, net DueFromRelatedParties $938.00K 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
Due from related parties, net DueFromRelatedParties $586.00K USD Point-in-time
Due from third-party hotel managers DueFromThirdPartyHotelManagers $19.13M USD Point-in-time
Common stock, shares issued (in shares) CommonStockSharesIssued 65.95M shares Point-in-time
Common stock, shares issued (in shares) CommonStockSharesIssued 69.92M shares Point-in-time
Due from third-party hotel managers DueFromThirdPartyHotelManagers $26.62M USD Point-in-time
Total assets Assets $2.40B USD Point-in-time
Total assets Assets $2.41B USD Point-in-time
Common stock, shares outstanding (in shares) CommonStockSharesOutstanding 69.92M shares Point-in-time
Common stock, shares outstanding (in shares) CommonStockSharesOutstanding 65.95M shares Point-in-time
Indebtedness, net LongTermDebt $1.28B USD Point-in-time
Indebtedness, net LongTermDebt $1.33B USD Point-in-time
Accounts payable and accrued expenses AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent $129.57M USD Point-in-time
Accounts payable and accrued expenses AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent $133.98M USD Point-in-time
Dividends and distributions payable DividendsPayableCurrentAndNoncurrent $8.18M USD Point-in-time
Dividends and distributions payable DividendsPayableCurrentAndNoncurrent $8.76M USD Point-in-time
Due to Ashford Inc. DueToAffiliateCurrentAndNoncurrent $3.76M USD Point-in-time
Due to Ashford Inc. DueToAffiliateCurrentAndNoncurrent $10.01M USD Point-in-time
Due to third-party hotel managers DueToThirdPartyHotelManagers $2.10M USD Point-in-time
Due to third-party hotel managers DueToThirdPartyHotelManagers $1.46M USD Point-in-time
Operating lease liabilities OperatingLeaseLiability $60.62M USD Point-in-time
Operating lease liabilities OperatingLeaseLiability $60.69M USD Point-in-time
Other liabilities OtherLiabilities $22.54M USD Point-in-time
Other liabilities OtherLiabilities $22.34M USD Point-in-time
Derivative liabilities DerivativeLiabilities $284.00K USD Point-in-time
Derivative liabilities DerivativeLiabilities $181.00K USD Point-in-time
Total liabilities Liabilities $1.57B USD Point-in-time
Total liabilities Liabilities $1.50B 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 $40.55M USD Point-in-time
Redeemable noncontrolling interests in operating partnership RedeemableNoncontrollingInterestEquityCarryingAmount $34.82M USD Point-in-time
8.25% Series D cumulative preferred stock, 1,600,000 shares issued and outstanding at March 31, 2023 and December 31, 2022 PreferredStockValueOutstanding $16.00K USD Point-in-time
8.25% Series D cumulative preferred stock, 1,600,000 shares issued and outstanding at March 31, 2023 and December 31, 2022 PreferredStockValueOutstanding $16.00K USD Point-in-time
Common stock, $0.01 par value, 250,000,000 shares authorized, 65,949,691 and 69,919,065 shares issued and outstanding at March 31, 2023 and December 31, 2022, respectively CommonStockValue $659.00K USD Point-in-time
Common stock, $0.01 par value, 250,000,000 shares authorized, 65,949,691 and 69,919,065 shares issued and outstanding at March 31, 2023 and December 31, 2022, respectively CommonStockValue $699.00K USD Point-in-time
Additional paid-in capital AdditionalPaidInCapital $715.73M USD Point-in-time
Additional paid-in capital AdditionalPaidInCapital $734.13M USD Point-in-time
Accumulated deficit RetainedEarningsAccumulatedDeficit $-324.84M USD Point-in-time
Accumulated deficit RetainedEarningsAccumulatedDeficit $-324.74M USD Point-in-time
Total stockholders equity of the Company StockholdersEquity $391.56M USD Point-in-time
Total stockholders equity of the Company StockholdersEquity $410.11M USD Point-in-time
Noncontrolling interest in consolidated entities MinorityInterest $-16.35M USD Point-in-time
Noncontrolling interest in consolidated entities MinorityInterest $-14.01M USD Point-in-time
Total equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $382.30M USD Point-in-time
Total equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $377.55M USD Point-in-time
Total equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $393.76M USD Point-in-time
Total equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $417.90M USD Point-in-time
Total liabilities and equity LiabilitiesAndStockholdersEquity $2.40B USD Point-in-time
Total liabilities and equity LiabilitiesAndStockholdersEquity $2.41B USD Point-in-time
Income Statement 54 line items
Line Item Tag Value Unit Period
Total revenue RevenueFromContractWithCustomerExcludingAssessedTax $215.30M USD 1 Quarter
Total revenue RevenueFromContractWithCustomerExcludingAssessedTax $161.88M USD 1 Quarter
Total hotel operating expenses CostOfGoodsAndServiceExcludingDepreciationDepletionAndAmortization $98.57M USD 1 Quarter
Total hotel operating expenses CostOfGoodsAndServiceExcludingDepreciationDepletionAndAmortization $136.10M USD 1 Quarter
Property taxes, insurance and other PropertyTaxesInsuranceAndOther $8.12M 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 $22.52M USD 1 Quarter
Advisory services fee AdvisoryServicesFee $7.32M USD 1 Quarter
Advisory services fee AdvisoryServicesFee $7.95M USD 1 Quarter
Corporate general and administrative GeneralAndAdministrativeExpense $2.82M USD 1 Quarter
Corporate general and administrative GeneralAndAdministrativeExpense $2.50M USD 1 Quarter
Total operating expenses CostsAndExpenses $135.43M USD 1 Quarter
Total operating expenses CostsAndExpenses $177.50M USD 1 Quarter
OPERATING INCOME (LOSS) OperatingIncomeLoss $37.80M USD 1 Quarter
OPERATING INCOME (LOSS) OperatingIncomeLoss $26.45M USD 1 Quarter
Equity in earnings (loss) of unconsolidated entity IncomeLossFromEquityMethodInvestments $-73.00K USD 1 Quarter
Equity in earnings (loss) of unconsolidated entity IncomeLossFromEquityMethodInvestments $-72.00K USD 1 Quarter
Interest income InvestmentIncomeInterest $2.11M USD 1 Quarter
Interest income InvestmentIncomeInterest $25.00K USD 1 Quarter
Interest expense and amortization of discounts and loan costs InterestExpenseDebt $22.87M 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 $12.00K USD 1 Quarter
Gain (loss) on extinguishment of debt GainsLossesOnExtinguishmentOfDebtBeforeWriteOffOfDeferredDebtIssuanceCost - USD 1 Quarter
Gain (loss) on extinguishment of debt GainsLossesOnExtinguishmentOfDebtBeforeWriteOffOfDeferredDebtIssuanceCost $2.32M USD 1 Quarter
Realized and unrealized gain (loss) on derivatives UnrealizedGainLossOnDerivatives $408.00K USD 1 Quarter
Realized and unrealized gain (loss) on derivatives UnrealizedGainLossOnDerivatives $-334.00K USD 1 Quarter
INCOME (LOSS) BEFORE INCOME TAXES IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $18.21M USD 1 Quarter
INCOME (LOSS) BEFORE INCOME TAXES IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $18.93M USD 1 Quarter
Income tax (expense) benefit IncomeTaxExpenseBenefit $2.33M USD 1 Quarter
Income tax (expense) benefit IncomeTaxExpenseBenefit $2.61M USD 1 Quarter
NET INCOME (LOSS) ProfitLoss $16.60M USD 1 Quarter
NET INCOME (LOSS) ProfitLoss $15.60M USD 1 Quarter
(Income) loss attributable to noncontrolling interest in consolidated entities NetIncomeLossAttributableToNonredeemableNoncontrollingInterest $309.00K USD 1 Quarter
(Income) loss attributable to noncontrolling interest in consolidated entities NetIncomeLossAttributableToNonredeemableNoncontrollingInterest $-26.00K 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 redeemable noncontrolling interests in operating partnership NoncontrollingInterestInNetIncomeLossOperatingPartnershipsRedeemable $261.00K USD 1 Quarter
NET INCOME (LOSS) ATTRIBUTABLE TO THE COMPANY NetIncomeLoss $16.03M USD 1 Quarter
NET INCOME (LOSS) ATTRIBUTABLE TO THE COMPANY NetIncomeLoss $14.66M USD 1 Quarter
Preferred dividends PreferredStockDividendsIncomeStatementImpact $10.35M USD 1 Quarter
Preferred dividends PreferredStockDividendsIncomeStatementImpact $3.30M USD 1 Quarter
Deemed dividends on preferred stock RedeemablePreferredStockDividends $2.45M USD 1 Quarter
Deemed dividends on preferred stock RedeemablePreferredStockDividends - USD 1 Quarter
NET INCOME (LOSS) ATTRIBUTABLE TO COMMON STOCKHOLDERS NetIncomeLossAvailableToCommonStockholdersBasic $11.36M USD 1 Quarter
NET INCOME (LOSS) ATTRIBUTABLE TO COMMON STOCKHOLDERS NetIncomeLossAvailableToCommonStockholdersBasic $3.23M USD 1 Quarter
Net income (loss) attributable to common stockholders (in dollars per share) EarningsPerShareBasic $0.17 USD 1 Quarter
Net income (loss) attributable to common stockholders (in dollars per share) EarningsPerShareBasic $0.05 USD 1 Quarter
Weighted average common shares outstanding basic (in shares) WeightedAverageNumberOfSharesOutstandingBasic 65.88M shares 1 Quarter
Weighted average common shares outstanding basic (in shares) WeightedAverageNumberOfSharesOutstandingBasic 66.50M 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 $0.05 USD 1 Quarter
Weighted average common shares outstanding diluted (in shares) WeightedAverageNumberOfDilutedSharesOutstanding 72.48M shares 1 Quarter
Weighted average common shares outstanding diluted (in shares) WeightedAverageNumberOfDilutedSharesOutstanding 89.89M shares 1 Quarter
Cash Flow Statement 128 line items
Line Item Tag Value Unit Period
Net income (loss) ProfitLoss $16.60M 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 $22.52M USD 1 Quarter
Equity-based compensation ShareBasedCompensation $2.21M USD 1 Quarter
Equity-based compensation ShareBasedCompensation $2.25M USD 1 Quarter
Bad debt expense ProvisionForDoubtfulAccounts $269.00K USD 1 Quarter
Bad debt expense ProvisionForDoubtfulAccounts $188.00K USD 1 Quarter
(Gain) loss on extinguishment of debt GainsLossesOnExtinguishmentOfDebtBeforeWriteOffOfDeferredDebtIssuanceCost - USD 1 Quarter
(Gain) loss on extinguishment of debt GainsLossesOnExtinguishmentOfDebtBeforeWriteOffOfDeferredDebtIssuanceCost $2.32M USD 1 Quarter
Amortization of loan costs, discounts and capitalized default interest AmortizationOfLoanCostsAndCapitalizedDefaultInterest $447.00K 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 $12.00K USD 1 Quarter
Amortization of intangibles DepreciationAndAmortizationExcludingIntangibleAssets $119.00K USD 1 Quarter
Amortization of intangibles DepreciationAndAmortizationExcludingIntangibleAssets $119.00K USD 1 Quarter
Amortization of non-refundable membership initiation fees AmortizationOfNonRefundableMembershipInitiationFees $410.00K USD 1 Quarter
Amortization of non-refundable membership initiation fees AmortizationOfNonRefundableMembershipInitiationFees $333.00K 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 $178.00K USD 1 Quarter
Realized and unrealized (gain) loss on derivatives GainLossOnDerivativeInstrumentsHeldForTradingPurposesNet $-334.00K USD 1 Quarter
Realized and unrealized (gain) loss on derivatives GainLossOnDerivativeInstrumentsHeldForTradingPurposesNet $408.00K USD 1 Quarter
Equity in (earnings) loss of unconsolidated entity IncomeLossFromEquityMethodInvestments $-73.00K USD 1 Quarter
Equity in (earnings) loss of unconsolidated entity IncomeLossFromEquityMethodInvestments $-72.00K USD 1 Quarter
Deferred income tax expense (benefit) DeferredTaxExpenseBenefit $37.00K USD 1 Quarter
Deferred income tax expense (benefit) DeferredTaxExpenseBenefit - USD 1 Quarter
Accounts receivable and inventories IncreaseDecreaseInAccountsReceivableAndInventories $1.07M USD 1 Quarter
Accounts receivable and inventories IncreaseDecreaseInAccountsReceivableAndInventories $-6.47M USD 1 Quarter
Prepaid expenses and other assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets $4.66M USD 1 Quarter
Prepaid expenses and other assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets $3.45M USD 1 Quarter
Accounts payable and accrued expenses IncreaseDecreaseInAccountsPayableAndAccruedLiabilities $-731.00K 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 $141.00K USD 1 Quarter
Due to/from related parties, net IncreaseDecreaseInDueToRelatedPartiesExcludingAmountsDueToAffiliates $840.00K USD 1 Quarter
Due to/from related parties, net IncreaseDecreaseInDueToRelatedPartiesExcludingAmountsDueToAffiliates $-13.00K USD 1 Quarter
Due to/from third-party hotel managers IncreaseDecreaseInDueToFromThirdPartyHotelManagers $6.86M USD 1 Quarter
Due to/from third-party hotel managers IncreaseDecreaseInDueToFromThirdPartyHotelManagers $-12.23M USD 1 Quarter
Due to/from Ashford Inc. IncreaseDecreaseInDueToAffiliates $1.70M USD 1 Quarter
Due to/from Ashford Inc. IncreaseDecreaseInDueToAffiliates $-7.31M USD 1 Quarter
Operating lease liabilities IncreaseDecreaseInOperatingLeaseLiability $-73.00K USD 1 Quarter
Operating lease liabilities IncreaseDecreaseInOperatingLeaseLiability $-72.00K USD 1 Quarter
Other liabilities IncreaseDecreaseInOtherOperatingLiabilities $698.00K USD 1 Quarter
Other liabilities IncreaseDecreaseInOtherOperatingLiabilities $426.00K USD 1 Quarter
Net cash provided by (used in) operating activities NetCashProvidedByUsedInOperatingActivities $42.31M USD 1 Quarter
Net cash provided by (used in) operating activities NetCashProvidedByUsedInOperatingActivities $28.79M USD 1 Quarter
Proceeds from property insurance ProceedsFromInsuranceSettlementInvestingActivities $75.00K USD 1 Quarter
Proceeds from property insurance ProceedsFromInsuranceSettlementInvestingActivities - USD 1 Quarter
Acquisition of hotel properties, net of cash and restricted cash acquired PaymentsToAcquireProductiveAssets $86.96M USD 1 Quarter
Acquisition of hotel properties, net of cash and restricted cash acquired PaymentsToAcquireProductiveAssets - USD 1 Quarter
Investment in unconsolidated entity PaymentsToAcquireEquityMethodInvestments $99.00K USD 1 Quarter
Investment in unconsolidated entity PaymentsToAcquireEquityMethodInvestments - USD 1 Quarter
Improvements and additions to hotel properties PaymentsForCapitalImprovements $18.71M USD 1 Quarter
Improvements and additions to hotel properties PaymentsForCapitalImprovements $10.79M 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 $-18.73M USD 1 Quarter
Borrowings on indebtedness ProceedsFromIssuanceOfLongTermDebt $70.50M USD 1 Quarter
Borrowings on indebtedness ProceedsFromIssuanceOfLongTermDebt - USD 1 Quarter
Repayments of indebtedness RepaymentsOfDebt $54.25M 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 $404.00K USD 1 Quarter
Payments for derivatives PaymentsForDerivativeInstrumentFinancingActivities $755.00K USD 1 Quarter
Payments for derivatives PaymentsForDerivativeInstrumentFinancingActivities $76.00K USD 1 Quarter
Proceeds from derivatives ProceedsFromDerivativeInstrumentFinancingActivities $1.60M USD 1 Quarter
Proceeds from derivatives ProceedsFromDerivativeInstrumentFinancingActivities - USD 1 Quarter
Purchase of common stock PaymentsForRepurchaseOfCommonStock $18.95M USD 1 Quarter
Purchase of common stock PaymentsForRepurchaseOfCommonStock - USD 1 Quarter
Payments for dividends and distributions PaymentsOfDividends $2.95M USD 1 Quarter
Payments for dividends and distributions PaymentsOfDividends $12.63M USD 1 Quarter
Proceeds from issuance of preferred stock ProceedsFromIssuanceOfPreferredStockAndPreferenceStock $33.73M USD 1 Quarter
Proceeds from issuance of preferred stock ProceedsFromIssuanceOfPreferredStockAndPreferenceStock $98.01M USD 1 Quarter
Proceeds from issuance of common stock ProceedsFromIssuanceOfCommonStock - USD 1 Quarter
Proceeds from issuance of common stock ProceedsFromIssuanceOfCommonStock $-36.00K USD 1 Quarter
Contributions from noncontrolling interest in consolidated entities ProceedsFromMinorityShareholders $2.02M USD 1 Quarter
Contributions from noncontrolling interest in consolidated entities ProceedsFromMinorityShareholders $164.00K USD 1 Quarter
Redemption of operating partnership units PaymentsForRepurchaseOfRedeemableNoncontrollingInterest $7.04M USD 1 Quarter
Redemption of operating partnership units PaymentsForRepurchaseOfRedeemableNoncontrollingInterest - USD Annual
Distributions to noncontrolling interest in consolidated entities PaymentsToMinorityShareholders - USD 1 Quarter
Distributions to noncontrolling interest in consolidated entities PaymentsToMinorityShareholders $2.02M USD 1 Quarter
Redemption of preferred stock ProceedsFromPaymentsForOtherFinancingActivities $-307.00K USD 1 Quarter
Redemption of preferred stock ProceedsFromPaymentsForOtherFinancingActivities - USD 1 Quarter
Net cash provided by (used in) financing activities NetCashProvidedByUsedInFinancingActivities $5.27M USD 1 Quarter
Net cash provided by (used in) financing activities NetCashProvidedByUsedInFinancingActivities $31.92M 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 $28.86M USD 1 Quarter
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 $315.70M USD Point-in-time
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 $344.55M 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 $315.70M 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 $344.55M USD Point-in-time
Interest paid InterestPaidNet $30.28M USD 1 Quarter
Interest paid InterestPaidNet $6.43M USD 1 Quarter
Income taxes paid (refunded) IncomeTaxesPaidNet - USD 1 Quarter
Income taxes paid (refunded) IncomeTaxesPaidNet $-2.99M USD 1 Quarter
Dividends and distributions declared but not paid DividendsAndDistributionsDeclaredButNotPaid $3.23M USD 1 Quarter
Dividends and distributions declared but not paid DividendsAndDistributionsDeclaredButNotPaid $8.76M USD 1 Quarter
Common stock purchases accrued but not paid StockRepurchaseAccruedButNotPaid $552.00K USD 1 Quarter
Common stock purchases accrued but not paid StockRepurchaseAccruedButNotPaid $352.00K USD 1 Quarter
Assumption of debt in hotel acquisition NoncashOrPartNoncashAcquisitionDebtAssumed1 - USD 1 Quarter
Assumption of debt in hotel acquisition NoncashOrPartNoncashAcquisitionDebtAssumed1 $58.60M USD 1 Quarter
Capital expenditures accrued but not paid CapitalExpendituresIncurredButNotYetPaid $6.05M 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 - USD 1 Quarter
Accrued preferred stock offering expenses AccruedPreferredStockOfferingExpense $80.00K USD 1 Quarter
Accrued preferred stock offering expenses AccruedPreferredStockOfferingExpense $40.00K USD 1 Quarter
Dividends and distributions payable DividendsPayableCurrentAndNoncurrent $8.18M USD Point-in-time
Dividends and distributions payable DividendsPayableCurrentAndNoncurrent $8.76M USD Point-in-time
Unsettled proceeds from derivatives ProceedsFromDerivativeInstrumentUnsettled $596.00K USD 1 Quarter
Unsettled proceeds from derivatives ProceedsFromDerivativeInstrumentUnsettled - USD 1 Quarter
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $261.54M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $216.00M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $281.49M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $185.16M USD Point-in-time
Restricted cash RestrictedCash $63.06M USD Point-in-time
Restricted cash RestrictedCash $41.18M USD Point-in-time
Restricted cash RestrictedCash $47.38M USD Point-in-time
Restricted cash RestrictedCash $54.16M USD Point-in-time
Cash, cash equivalents and restricted cash CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $263.37M USD Point-in-time
Cash, cash equivalents and restricted cash CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $315.70M USD Point-in-time
Cash, cash equivalents and restricted cash CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $226.34M USD Point-in-time
Cash, cash equivalents and restricted cash CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $344.55M USD Point-in-time
Stockholders Equity 25 line items
Line Item Tag Value Unit Period
Dividends declared per common share (in dollars per share) CommonStockDividendsPerShareDeclared $0.05 USD 1 Quarter
Beginning balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $382.30M USD Point-in-time
Beginning balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $377.55M USD Point-in-time
Beginning balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $393.76M USD Point-in-time
Beginning balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $417.90M USD Point-in-time
Purchase of common stock StockRepurchasedDuringPeriodValue $19.25M USD 1 Quarter
Purchase of common stock StockRepurchasedDuringPeriodValue $552.00K USD 1 Quarter
Equity-based compensation AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue $805.00K USD 1 Quarter
Equity-based compensation AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue $1.32M USD 1 Quarter
Issuance of common stock StockIssuedDuringPeriodValueNewIssues $35.04M USD 1 Quarter
Dividends declared - common stock DividendsCommonStockCash $720.00K USD 1 Quarter
Dividends declared - common stock DividendsCommonStockCash $3.33M USD 1 Quarter
Contributions from noncontrolling interests NoncontrollingInterestIncreaseFromSubsidiaryEquityIssuance $164.00K USD 1 Quarter
Contributions from noncontrolling interests NoncontrollingInterestIncreaseFromSubsidiaryEquityIssuance $2.02M USD 1 Quarter
Distributions to noncontrolling interests MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders - USD 1 Quarter
Net income (loss) NetIncomeLossIncludingPortionAttributableToNonredeemableNoncontrollingInterest $16.34M USD 1 Quarter
Net income (loss) NetIncomeLossIncludingPortionAttributableToNonredeemableNoncontrollingInterest $14.64M USD 1 Quarter
Redemption value adjustment - preferred stock IncreaseInCarryingAmountOfRedeemablePreferredStock $993.00K USD 1 Quarter
Redemption value adjustment - preferred stock IncreaseInCarryingAmountOfRedeemablePreferredStock $2.45M USD 1 Quarter
Redemption value adjustment MinorityInterestChangeInRedemptionValue $-4.39M USD 1 Quarter
Redemption value adjustment MinorityInterestChangeInRedemptionValue $4.00K USD 1 Quarter
Ending balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $382.30M USD Point-in-time
Ending balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $377.55M USD Point-in-time
Ending balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $393.76M USD Point-in-time
Ending balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $417.90M USD Point-in-time
Comprehensive Income 12 line items
Line Item Tag Value Unit Period
NET INCOME (LOSS) ProfitLoss $16.60M 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 $16.60M USD 1 Quarter
TOTAL COMPREHENSIVE INCOME (LOSS) ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest $15.60M USD 1 Quarter
Comprehensive (income) loss attributable to noncontrolling interest in consolidated entities ComprehensiveIncomeLossNetOfTaxPortionAttributableToNonredeemableNoncontrollingInterest $309.00K 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 $261.00K 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 THE COMPANY ComprehensiveIncomeNetOfTax $14.66M USD 1 Quarter
COMPREHENSIVE INCOME (LOSS) ATTRIBUTABLE TO THE COMPANY ComprehensiveIncomeNetOfTax $16.03M USD 1 Quarter

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

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