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Condensed Consolidated Statements of Changes in Equity and Redeemable Non-controlling Interests - USD ($)
$ in Thousands
Total
Total Shareholders’ Equity
Preferred Stock
Common Stock
Additional Paid-In Capital
Accumulated Other Comprehensive Income (Loss)
Accumulated Deficit and Distributions
Non-controlling Interests
Beginning balance at Dec. 31, 2020 $ 0              
Ending balance at Jun. 30, 2021 $ 0              
Beginning preferred shares outstanding (in shares) at Dec. 31, 2020     9,400,000          
Beginning common shares outstanding (in shares) at Dec. 31, 2020 105,708,787     105,708,787        
Beginning balance at Dec. 31, 2020 $ 1,052,063 $ 988,742 $ 94 $ 1,057 $ 1,197,320 $ (30,716) $ (179,013) $ 63,321
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Common Unit redemptions (in shares) 2,500     2,500        
Common stock redemption of common units $ 0 17     15 2   (17)
Contributions by non-controlling interest in joint venture 85,673 16,444     16,444     69,229
Dividends (7,375) (7,330)         (7,330) (45)
Equity-based compensation (in shares)       860,633        
Equity-based compensation 3,969 3,963   $ 9 3,954     6
Purchase of capped call options $ (21,131) (21,131)     (21,131)      
Shares acquired for employee withholding requirements (in shares) (155,605)     (155,605)        
Shares acquired for employee withholding requirements $ (1,602) (1,602)   $ (2) (1,600)      
Other 0              
Other comprehensive income 7,565 7,553       7,553   12
Net income (loss) $ (53,440) (50,057)         (50,057) (3,383)
Ending preferred shares outstanding (in shares) at Jun. 30, 2021     9,400,000          
Ending common shares outstanding (in shares) at Jun. 30, 2021 106,416,315     106,416,315        
Ending balance at Jun. 30, 2021 $ 1,065,722 936,599 $ 94 $ 1,064 1,195,002 (23,161) (236,400) 129,123
Beginning balance at Mar. 31, 2021 0              
Ending balance at Jun. 30, 2021 0              
Beginning preferred shares outstanding (in shares) at Mar. 31, 2021     9,400,000          
Beginning common shares outstanding (in shares) at Mar. 31, 2021       106,118,714        
Beginning balance at Mar. 31, 2021 1,000,610 938,783 $ 94 $ 1,061 1,176,150 (24,523) (213,999) 61,827
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Common Unit redemptions (in shares)       2,500        
Common stock redemption of common units 0 17     15 2   (17)
Contributions by non-controlling interest in joint venture 85,673 16,444     16,444     69,229
Dividends (3,754) (3,709)         (3,709) (45)
Equity-based compensation (in shares)       295,101        
Equity-based compensation 2,400 2,396   $ 3 2,393     4
Other comprehensive income 1,362 1,360       1,360   2
Net income (loss) $ (20,569) (18,692)         (18,692) (1,877)
Ending preferred shares outstanding (in shares) at Jun. 30, 2021     9,400,000          
Ending common shares outstanding (in shares) at Jun. 30, 2021 106,416,315     106,416,315        
Ending balance at Jun. 30, 2021 $ 1,065,722 936,599 $ 94 $ 1,064 1,195,002 (23,161) (236,400) 129,123
Beginning balance at Dec. 31, 2021 0              
Increase (Decrease) in Temporary Equity [Roll Forward]                
Adjustment of redeemable non-controlling interest to redemption value 1,210              
Dividends (987)              
Redeemable non-controlling interests in operating partnership issued for the acquisition of a portfolio of hotel properties 50,000              
Ending balance at Jun. 30, 2022 $ 50,223              
Beginning preferred shares outstanding (in shares) at Dec. 31, 2021     10,400,000          
Beginning common shares outstanding (in shares) at Dec. 31, 2021 106,337,724     106,337,724        
Beginning balance at Dec. 31, 2021 $ 1,107,192 948,073 $ 104 $ 1,063 1,225,184 (15,639) (262,639) 159,119
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Adjustment of redeemable non-controlling interest to redemption value $ (1,210) (1,210)         (1,210)  
Common Unit redemptions (in shares) 0              
Non-controlling interests in operating partnership issued for the acquisition of a portfolio of hotel properties $ 157,513             157,513
Sale of non-controlling interests in joint venture 674             674
Contributions by non-controlling interest in joint venture 211,020 1,218     1,218     209,802
Dividends (8,104) (8,021)         (8,021) (83)
Distributions (66,633)             (66,633)
Equity-based compensation (in shares)       817,087        
Equity-based compensation $ 5,840 5,840   $ 8 5,832      
Shares acquired for employee withholding requirements (in shares) (260,800)     (260,800)        
Shares acquired for employee withholding requirements $ (2,455) (2,455)   $ (2) (2,453)      
Other (121) (121)     (121) 0    
Other comprehensive income 17,009 16,639       16,639   370
Net income (loss) $ 14,340 4,711         4,711 9,629
Ending preferred shares outstanding (in shares) at Jun. 30, 2022     10,400,000          
Ending common shares outstanding (in shares) at Jun. 30, 2022 106,894,011     106,894,011        
Ending balance at Jun. 30, 2022 $ 1,435,065 964,674 $ 104 $ 1,069 1,229,660 1,000 (267,159) 470,391
Beginning balance at Mar. 31, 2022 50,220              
Increase (Decrease) in Temporary Equity [Roll Forward]                
Adjustment of redeemable non-controlling interest to redemption value 655              
Dividends (652)              
Ending balance at Jun. 30, 2022 50,223              
Beginning preferred shares outstanding (in shares) at Mar. 31, 2022     10,400,000          
Beginning common shares outstanding (in shares) at Mar. 31, 2022       106,960,863        
Beginning balance at Mar. 31, 2022 1,471,395 951,346 $ 104 $ 1,069 1,230,094 (4,903) (275,018) 520,049
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Adjustment of redeemable non-controlling interest to redemption value (655) (655)         (655)  
Contributions by non-controlling interest in joint venture 7,317             7,317
Dividends (4,134) (4,051)         (4,051) (83)
Distributions (66,633)             (66,633)
Equity-based compensation (in shares)       193,948        
Equity-based compensation 2,142 2,142   $ 2 2,140      
Shares acquired for employee withholding requirements (in shares)       (260,800)        
Shares acquired for employee withholding requirements (2,455) (2,455)   $ (2) (2,453)      
Other (121) (121)     (121) 0    
Other comprehensive income 4,896 5,903       5,903   (1,007)
Net income (loss) $ 23,313 12,565         12,565 10,748
Ending preferred shares outstanding (in shares) at Jun. 30, 2022     10,400,000          
Ending common shares outstanding (in shares) at Jun. 30, 2022 106,894,011     106,894,011        
Ending balance at Jun. 30, 2022 $ 1,435,065 $ 964,674 $ 104 $ 1,069 $ 1,229,660 $ 1,000 $ (267,159) $ 470,391