XML 149 R7.htm IDEA: XBRL DOCUMENT v3.24.0.1
Consolidated Statements of Changes in Equity and Redeemable Non-controlling Interests - USD ($)
$ in Thousands
Total
Stockholders’ Equity
Shares of Preferred Stock
Common Stock
Common Stock
Common Stock
Additional Paid-In Capital
Accumulated Comprehensive Income /(Loss)
Accumulated Deficit and Distributions
Non-Controlling Interests
Beginning balance at Dec. 31, 2020 $ 0                
Ending balance at Dec. 31, 2021 0                
Preferred shares outstanding, beginning balance (in shares) at Dec. 31, 2020     9,400,000            
Balance at beginning of year at Dec. 31, 2020 1,052,063 $ 988,742 $ 94 $ 1,057   $ 1,197,320 $ (30,716) $ (179,013) $ 63,321
Common shares outstanding, beginning balance (in shares) at Dec. 31, 2020       105,708,787          
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      
Redemption of preferred stock (in shares)     (3,000,000)            
Redemption of preferred shares (75,000) (75,000) $ (30)     (72,260)   (2,710)  
Purchases of capped call options (21,131) (21,131)       (21,131)      
Contributions by non-controlling interest in joint venture 115,546 16,444       16,444     99,102
Common stock redemption of common units (in shares)       36,945          
Common stock redemption of common units 0 239       268 (29)   (239)
Common dividends and distributions 88 88           88  
Preferred dividends and distributions (15,521) (15,431)           (15,431) (90)
Equity-based compensation (in shares)       859,460          
Equity-based compensation 10,681 10,666   $ 9   10,657     15
Shares of common stock acquired for employee withholding requirements (in shares)       (267,468)          
Shares of common stock acquired for employee withholding requirements (2,694) (2,694)   $ (3)   (2,691)      
Other comprehensive income 15,127 15,106         15,106   21
Net (loss) income (68,584) (65,573)           (65,573) (3,011)
Preferred shares outstanding, ending balance (in shares) at Dec. 31, 2021     10,400,000            
Balance at end of year at Dec. 31, 2021 $ 1,107,192 948,073 $ 104 $ 1,063   1,225,184 (15,639) (262,639) 159,119
Common shares outstanding, ending balance (in shares) at Dec. 31, 2021 106,337,724     106,337,724          
Increase (Decrease) in Temporary Equity [Roll Forward]                  
Redeemable non-controlling interests in operating partnership issued for the acquisition of a portfolio of lodging properties $ 50,000                
Adjustment of redeemable non-controlling interests to redemption value 2,520                
Preferred dividends and distributions (2,301)                
Ending balance at Dec. 31, 2022 50,219                
Increase (Decrease) in Stockholders' Equity [Roll Forward]                  
Adjustment of redeemable non-controlling interests to redemption value (2,520) (2,520)           (2,520)  
Net proceeds from sale of preferred stock 157,513               157,513
Sale of non-controlling interests in joint venture 674               674
Contributions by non-controlling interest in joint venture $ 211,877 1,219       1,219     210,658
Common stock redemption of common units (in shares) 12,664       12,664        
Common stock redemption of common units $ 0 127   $ 1   126     (127)
Common dividends and distributions (9,911) (8,632)           (8,632) (1,279)
Preferred dividends and distributions (16,040) (15,875)           (15,875) (165)
Joint venture partner distributions (80,353)               (80,353)
Equity-based compensation (in shares)         811,988        
Equity-based compensation $ 8,446 8,446     $ 8 8,438      
Shares of common stock acquired for employee withholding requirements (in shares) (260,800)       (260,800)        
Shares of common stock acquired for employee withholding requirements $ (2,456) (2,456)     $ (3) (2,453)      
Other (253) (212)       (212)     (41)
Other comprehensive income 32,564 30,177         30,177   2,387
Net (loss) income 1,217 1,466           1,466 (249)
Preferred shares outstanding, ending balance (in shares) at Dec. 31, 2022     10,400,000            
Balance at end of year at Dec. 31, 2022 $ 1,407,950 959,813 $ 104 $ 1,069   1,232,302 14,538 (288,200) 448,137
Common shares outstanding, ending balance (in shares) at Dec. 31, 2022 106,901,576     106,901,576          
Increase (Decrease) in Temporary Equity [Roll Forward]                  
Adjustment of redeemable non-controlling interests to redemption value $ 2,626                
Preferred dividends and distributions (2,626)                
Ending balance at Dec. 31, 2023 50,219                
Increase (Decrease) in Stockholders' Equity [Roll Forward]                  
Adjustment of redeemable non-controlling interests to redemption value (2,626) (2,626)           (2,626)  
Sale of non-controlling interests in joint venture 1,353               1,353
Redemption of preferred shares (412) (37)           (37) (375)
Contributions by non-controlling interest in joint venture $ 20,792               20,792
Common stock redemption of common units (in shares) 28,179       28,179        
Common stock redemption of common units $ 0 272       272     (272)
Common dividends and distributions (27,128) (23,616)           (23,616) (3,512)
Preferred dividends and distributions (16,205) (15,875)           (15,875) (330)
Joint venture partner distributions (12,426)               (12,426)
Equity-based compensation (in shares)         847,647        
Equity-based compensation $ 7,742 7,742     $ 8 7,734      
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 (175) (30)       (25)   (5) (145)
Other comprehensive income (2,884) (3,571)         (3,571)   687
Net (loss) income (28,116) (9,489)           (9,489) (18,627)
Preferred shares outstanding, ending balance (in shares) at Dec. 31, 2023     10,400,000            
Balance at end of year at Dec. 31, 2023 $ 1,346,477 $ 911,195 $ 104 $ 1,076   $ 1,238,896 $ 10,967 $ (339,848) $ 435,282
Common shares outstanding, ending balance (in shares) at Dec. 31, 2023 107,593,373     107,593,373