XML 16 R6.htm IDEA: XBRL DOCUMENT v3.22.2.2
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 Sep. 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]                
Net proceeds from sale of preferred stock (in shares)     4,000,000          
Net proceeds from sale of preferred stock 96,617 96,617 $ 40   96,577      
Contributions by non-controlling interest in joint venture $ 101,673 16,444     16,444     85,229
Common stock redemption of common units (in shares) 31,945     31,945        
Common stock redemption of common units $ 0 207     232 (25)   (207)
Purchase of capped call options (21,131) (21,131)     (21,131)      
Redemption of preferred stock (in shares)     (3,000,000)          
Redemption of preferred stock (75,000) (75,000) $ (30)   (72,260)   (2,710)  
Common dividends and distributions (11,125) (11,080)         (11,080) (45)
Equity-based compensation (in shares)       860,633        
Equity-based compensation $ 5,861 5,853   $ 9 5,844     8
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 comprehensive income 9,830 9,816       9,816   14
Net income (loss) $ (57,679) (54,561)         (54,561) (3,118)
Ending preferred shares outstanding (in shares) at Sep. 30, 2021     10,400,000          
Ending common shares outstanding (in shares) at Sep. 30, 2021 106,445,760     106,445,760        
Ending balance at Sep. 30, 2021 $ 1,099,507 954,305 $ 104 $ 1,064 1,221,426 (20,925) (247,364) 145,202
Beginning balance at Jun. 30, 2021 0              
Ending balance at Sep. 30, 2021 0              
Beginning preferred shares outstanding (in shares) at Jun. 30, 2021     9,400,000          
Beginning common shares outstanding (in shares) at Jun. 30, 2021       106,416,315        
Beginning balance at Jun. 30, 2021 1,065,722 936,599 $ 94 $ 1,064 1,195,002 (23,161) (236,400) 129,123
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Net proceeds from sale of preferred stock (in shares)     4,000,000          
Net proceeds from sale of preferred stock 96,617 96,617 $ 40   96,577      
Contributions by non-controlling interest in joint venture 16,000 0     0     16,000
Common stock redemption of common units (in shares)       29,445        
Common stock redemption of common units 0 190     217 (27)   (190)
Redemption of preferred stock (in shares)     (3,000,000)          
Redemption of preferred stock (75,000) (75,000) $ (30)   (72,260)   (2,710)  
Common dividends and distributions (3,750) (3,750)         (3,750) 0
Equity-based compensation 1,892 1,890     1,890     2
Other comprehensive income 2,265 2,263       2,263   2
Net income (loss) $ (4,239) (4,504)         (4,504) 265
Ending preferred shares outstanding (in shares) at Sep. 30, 2021     10,400,000          
Ending common shares outstanding (in shares) at Sep. 30, 2021 106,445,760     106,445,760        
Ending balance at Sep. 30, 2021 $ 1,099,507 954,305 $ 104 $ 1,064 1,221,426 (20,925) (247,364) 145,202
Beginning balance at Dec. 31, 2021 0              
Increase (Decrease) in Temporary Equity [Roll Forward]                
Redeemable non-controlling interests in operating partnership issued for the acquisition of a portfolio of hotel properties 50,000              
Adjustment of redeemable non-controlling interests to redemption value 1,866              
Common dividends and distributions (1,643)              
Ending balance at Sep. 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 interests to redemption value (1,866) (1,866)         (1,866)  
Net proceeds from sale of preferred stock 157,513             157,513
Contributions by non-controlling interest in joint venture $ 211,040 1,218     1,218     209,822
Common stock redemption of common units (in shares) 5,000     5,000        
Common stock redemption of common units $ 0 50   $ 1 49     (50)
Common dividends and distributions (4,997) (4,358)         (4,358) (639)
Preferred dividends and distributions (11,989) (11,906)         (11,906) (83)
Sale of non-controlling interests in joint venture 674             674
Joint venture partner distributions (77,903)             (77,903)
Equity-based compensation (in shares)       811,988        
Equity-based compensation $ 7,070 7,070   $ 7 7,063      
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 (254) (213)     (213)     (41)
Other comprehensive income 33,716 31,172       31,172   2,544
Net income (loss) $ 13,299 8,818         8,818 4,481
Ending preferred shares outstanding (in shares) at Sep. 30, 2022     10,400,000          
Ending common shares outstanding (in shares) at Sep. 30, 2022 106,893,912     106,893,912        
Ending balance at Sep. 30, 2022 $ 1,431,040 975,603 $ 104 $ 1,069 1,230,848 15,533 (271,951) 455,437
Beginning balance at Jun. 30, 2022 50,223              
Increase (Decrease) in Temporary Equity [Roll Forward]                
Adjustment of redeemable non-controlling interests to redemption value 656              
Common dividends and distributions (656)              
Ending balance at Sep. 30, 2022 50,223              
Beginning preferred shares outstanding (in shares) at Jun. 30, 2022     10,400,000          
Beginning common shares outstanding (in shares) at Jun. 30, 2022       106,894,011        
Beginning balance at Jun. 30, 2022 1,435,066 964,675 $ 104 $ 1,069 1,229,660 1,000 (267,158) 470,391
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Adjustment of redeemable non-controlling interests to redemption value (656) (656)         (656)  
Contributions by non-controlling interest in joint venture 20             20
Common stock redemption of common units (in shares)       5,000        
Common stock redemption of common units 0 50   $ 1 49     (50)
Common dividends and distributions (4,915) (4,276)         (4,276) (639)
Preferred dividends and distributions (3,968) (3,968)         (3,968) 0
Joint venture partner distributions (11,270)             (11,270)
Equity-based compensation (in shares)       (5,099)        
Equity-based compensation 1,230 1,230   $ (1) 1,231      
Other (133) (92)     (92) 0   (41)
Other comprehensive income 16,707 14,533       14,533   2,174
Net income (loss) $ (1,041) 4,107         4,107 (5,148)
Ending preferred shares outstanding (in shares) at Sep. 30, 2022     10,400,000          
Ending common shares outstanding (in shares) at Sep. 30, 2022 106,893,912     106,893,912        
Ending balance at Sep. 30, 2022 $ 1,431,040 $ 975,603 $ 104 $ 1,069 $ 1,230,848 $ 15,533 $ (271,951) $ 455,437