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Condensed Consolidated Statements of Changes in Equity and Redeemable Non-controlling Interests (Unaudited) - USD ($)
$ in Thousands
Total
Total Shareholders’ Equity
Preferred Stock
Common Stock
Additional Paid-In Capital
Accumulated Other Comprehensive Income (Loss)
Accumulated Deficit and Distributions in Excess of Retained Earnings
Non-controlling Interests
Beginning balance at Dec. 31, 2021 $ 0              
Increase (Decrease) in Temporary Equity [Roll Forward]                
Adjustment of redeemable non-controlling interests to redemption value 1,210              
Redeemable non-controlling interests in operating partnership issued for the acquisition of a portfolio of lodging properties 50,000              
Preferred dividends and distributions (987)              
Ending balance at Jun. 30, 2022 $ 50,223              
Beginning preferred shares outstanding (in shares) at Dec. 31, 2021     10,400,000          
Beginning shares of Common Stock 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 (1,210) (1,210)         (1,210)  
Contributions by non-controlling interest in joint venture 211,020 1,218     1,218     209,802
Dividends and distributions on common stock and common units (83) (83)         (83) 0
Non-controlling interests in operating partnership issued for the acquisition of a portfolio of lodging properties 157,513             157,513
Sale of non-controlling interests in joint venture 674             674
Preferred dividends and distributions (8,021) (7,938)         (7,938) (83)
Joint venture partner distributions (66,633)             (66,633)
Equity-based compensation (in shares)       817,087        
Equity-based compensation $ 5,840 5,840   $ 8 5,832      
Shares retained for employee withholding requirements (in shares) (260,800)     (260,800)        
Shares of common stock acquired for employee withholding requirements $ (2,455) (2,455)   $ (2) (2,453)      
Other (121) (121)     (121)      
Other comprehensive income (loss) 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 shares of Common Stock 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 interests to redemption value 655              
Preferred dividends and distributions (652)              
Ending balance at Jun. 30, 2022 50,223              
Beginning preferred shares outstanding (in shares) at Mar. 31, 2022     10,400,000          
Beginning shares of Common Stock 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 interests to redemption value (655) (655)         (655)  
Contributions by non-controlling interest in joint venture 7,317             7,317
Dividends and distributions on common stock and common units (83) (83)         (83)  
Preferred dividends and distributions (4,051) (3,968)         (3,968) (83)
Equity-based compensation (in shares)       193,948        
Equity-based compensation 2,142 2,142   $ 2 2,140      
Shares retained for employee withholding requirements (in shares)       (260,800)        
Shares of common stock acquired for employee withholding requirements (2,455) (2,455)   $ (2) (2,453)      
Other (121) (121)     (121)      
Other comprehensive income (loss) 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 shares of Common Stock 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 Dec. 31, 2022 50,219              
Increase (Decrease) in Temporary Equity [Roll Forward]                
Adjustment of redeemable non-controlling interests to redemption value 1,314              
Preferred dividends and distributions (1,314)              
Ending balance at Jun. 30, 2023 $ 50,219              
Beginning preferred shares outstanding (in shares) at Dec. 31, 2022     10,400,000          
Beginning shares of Common Stock outstanding (in shares) at Dec. 31, 2022 106,901,576     106,901,576        
Beginning balance at Dec. 31, 2022 $ 1,407,950 959,813 $ 104 $ 1,069 1,232,302 14,538 (288,200) 448,137
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Adjustment of redeemable non-controlling interests to redemption value (1,314) (1,314)         (1,314)  
Contributions by non-controlling interest in joint venture 20,532             20,532
Dividends and distributions on common stock and common units (12,304) (10,707)         (10,707) (1,597)
Sale of non-controlling interests in joint venture 1,353             1,353
Preferred dividends and distributions (8,099) (7,938)         (7,938) (161)
Joint venture partner distributions (4,155)             (4,155)
Equity-based compensation (in shares)       848,942        
Equity-based compensation $ 4,046 4,046   $ 8 4,038      
Shares retained for employee withholding requirements (in shares) (180,780)     (180,780)        
Shares of common stock acquired for employee withholding requirements $ (1,370) (1,370)   $ (1) (1,369)      
Other (168) (24)     (24)     (144)
Other comprehensive income (loss) 6,585 3,469       3,469   3,116
Net income (loss) $ (1,080) 3,271         3,271 (4,351)
Ending preferred shares outstanding (in shares) at Jun. 30, 2023     10,400,000          
Ending shares of Common Stock outstanding (in shares) at Jun. 30, 2023 107,569,738     107,569,738        
Ending balance at Jun. 30, 2023 $ 1,411,976 949,246 $ 104 $ 1,076 1,234,947 18,007 (304,888) 462,730
Beginning balance at Mar. 31, 2023 50,219              
Increase (Decrease) in Temporary Equity [Roll Forward]                
Adjustment of redeemable non-controlling interests to redemption value 657              
Preferred dividends and distributions (657)              
Ending balance at Jun. 30, 2023 50,219              
Beginning preferred shares outstanding (in shares) at Mar. 31, 2023     10,400,000          
Beginning shares of Common Stock outstanding (in shares) at Mar. 31, 2023       107,469,863        
Beginning balance at Mar. 31, 2023 1,392,647 946,219 $ 104 $ 1,075 1,232,457 10,270 (297,687) 446,428
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Adjustment of redeemable non-controlling interests to redemption value (657) (657)         (657)  
Dividends and distributions on common stock and common units (7,406) (6,448)         (6,448) (958)
Preferred dividends and distributions (4,129) (3,968)         (3,968) (161)
Joint venture partner distributions (3,365)             (3,365)
Equity-based compensation (in shares)       112,572        
Equity-based compensation 2,578 2,578   $ 1 2,577      
Shares retained for employee withholding requirements (in shares)       (12,697)        
Shares of common stock acquired for employee withholding requirements (87) (87)     (87)      
Other comprehensive income (loss) 10,973 7,737       7,737   3,236
Net income (loss) $ 890 3,872         3,872 (2,982)
Ending preferred shares outstanding (in shares) at Jun. 30, 2023     10,400,000          
Ending shares of Common Stock outstanding (in shares) at Jun. 30, 2023 107,569,738     107,569,738        
Ending balance at Jun. 30, 2023 $ 1,411,976 $ 949,246 $ 104 $ 1,076 $ 1,234,947 $ 18,007 $ (304,888) $ 462,730