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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 1,866              
Redeemable non-controlling interests in operating partnership issued for the acquisition of a portfolio of lodging properties 50,000              
Preferred 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 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 (1,866) (1,866)         (1,866)  
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)
Dividends and distributions on common stock and common units (4,997) (4,358)         (4,358) (639)
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 (11,989) (11,906)         (11,906) (83)
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 of common stock acquired 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 (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 shares of Common Stock 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              
Preferred 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 shares of Common Stock 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)
Dividends and distributions on common stock and common units (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)     (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 shares of Common Stock 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 Dec. 31, 2022 50,219              
Increase (Decrease) in Temporary Equity [Roll Forward]                
Adjustment of redeemable non-controlling interests to redemption value 1,970              
Preferred dividends and distributions (1,970)              
Ending balance at Sep. 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 (1,970) (1,970)         (1,970)  
Contributions by non-controlling interest in joint venture $ 20,532             20,532
Common stock redemption of common units (in shares) 7,000     7,000        
Common stock redemption of common units $ 0 68   $ 0 68     (68)
Dividends and distributions on common stock and common units (19,716) (17,161)         (17,161) (2,555)
Sale of non-controlling interests in joint venture 1,353             1,353
Preferred dividends and distributions (12,067) (11,906)         (11,906) (161)
Joint venture partner distributions (8,673)             (8,673)
Equity-based compensation (in shares)       (848,942)        
Equity-based compensation $ 5,913 5,913   $ 8 5,905      
Shares of common stock acquired for employee withholding requirements (in shares) (184,029)     (184,029)        
Shares of common stock acquired for employee withholding requirements $ (1,388) (1,388)   $ (1) (1,387)      
Other (168) (24)     (24)     (144)
Other comprehensive income 10,225 6,294       6,294   3,931
Net income (loss) $ (6,849) 2,457         2,457 (9,306)
Ending preferred shares outstanding (in shares) at Sep. 30, 2023     10,400,000          
Ending shares of Common Stock outstanding (in shares) at Sep. 30, 2023 107,573,489     107,573,489        
Ending balance at Sep. 30, 2023 $ 1,395,142 942,096 $ 104 $ 1,076 1,236,864 20,832 (316,780) 453,046
Beginning balance at Jun. 30, 2023 50,219              
Increase (Decrease) in Temporary Equity [Roll Forward]                
Adjustment of redeemable non-controlling interests to redemption value 656              
Preferred dividends and distributions (656)              
Ending balance at Sep. 30, 2023 50,219              
Beginning preferred shares outstanding (in shares) at Jun. 30, 2023     10,400,000          
Beginning shares of Common Stock outstanding (in shares) at Jun. 30, 2023       107,569,738        
Beginning balance at Jun. 30, 2023 1,411,976 949,246 $ 104 $ 1,076 1,234,947 18,007 (304,888) 462,730
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Adjustment of redeemable non-controlling interests to redemption value (656) (656)         (656)  
Dividends and distributions on common stock and common units (7,412) (6,454)         (6,454) (958)
Preferred dividends and distributions (3,968) (3,968)         (3,968) 0
Joint venture partner distributions (4,518)             (4,518)
Equity-based compensation (in shares)       0        
Equity-based compensation 1,867 1,867   $ 0 1,867      
Shares of common stock acquired for employee withholding requirements (in shares)       (3,249)        
Shares of common stock acquired for employee withholding requirements (18) (18)     (18)      
Other comprehensive income 3,640 2,825       2,825   815
Net income (loss) $ (5,769) (814)         (814) (4,955)
Ending preferred shares outstanding (in shares) at Sep. 30, 2023     10,400,000          
Ending shares of Common Stock outstanding (in shares) at Sep. 30, 2023 107,573,489     107,573,489        
Ending balance at Sep. 30, 2023 $ 1,395,142 $ 942,096 $ 104 $ 1,076 $ 1,236,864 $ 20,832 $ (316,780) $ 453,046