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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2024
Dec. 31, 2023
ASSETS    
Investment in hotel properties, net $ 2,856,032 $ 2,585,279
Operating lease right-of-use assets, net 8,464 12,755
Cash and Cash Equivalents, at Carrying Value 107,199 426,403
Restricted Cash 73,078 67,295
Accounts receivable, net 34,109 31,206
Prepaid expenses and other assets, net 27,757 26,383
Total assets 3,106,639 3,149,321
Liabilities [Abstract]    
Debt, net of unamortized deferred financing costs 841,047 814,559
Operating Lease, Liability 12,019 16,735
Accounts Payable and Other Accrued Liabilities 52,722 48,410
Dividends Payable 24,137 29,965
Other Liabilities 72,694 73,014
Total liabilities 1,002,619 982,683
Commitments and contingencies (Note 14)
Stockholders' equity:    
Common stock, $0.01 par value, 500,000,000 shares authorized, 200,824,993 shares issued and outstanding at December 31, 2024 and 203,479,585 shares issued and outstanding at December 31, 2023 2,008 2,035
Additional paid in capital 2,395,702 2,416,417
Distributions in excess of retained earnings (574,940) (533,064)
Total stockholders' equity 2,104,020 2,166,638
Total equity 2,104,020 2,166,638
Total liabilities and stockholders' equity 3,106,639 3,149,321
Series G Preferred Stock [Member]    
Stockholders' equity:    
Cumulative Redeemable Preferred Stock 66,250 66,250
Series H Preferred Stock [Member]    
Stockholders' equity:    
Cumulative Redeemable Preferred Stock 115,000 115,000
Series I Cumulative Redeemable Preferred Stock    
Stockholders' equity:    
Cumulative Redeemable Preferred Stock $ 100,000 $ 100,000