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Consolidated Statements of Changes in Equity and Redeemable Non-controlling Interests - USD ($)
$ in Thousands
Total
Stockholders’ Equity
Shares of Preferred Stock
Common Stock
Additional Paid-In Capital
Accumulated Comprehensive Income (Loss)
Accumulated Deficit and Distributions
Non-Controlling Interests
Temporary equity, 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 lodging properties 50,000              
Adjustment of redeemable non-controlling interests to redemption value 2,520              
Preferred dividends and distributions (2,301)              
Temporary equity, ending balance at Dec. 31, 2022 50,219              
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 (1,107,192) $ (948,073) $ (104) $ (1,063) $ (1,225,184) $ 15,639 $ 262,639 $ (159,119)
Beginning balance at Dec. 31, 2021       (106,337,724)        
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Redeemable non-controlling interests in operating partnership issued for the acquisition of a portfolio of lodging properties (in shares)       12,664        
Redeemable non-controlling interests in operating partnership issued for the acquisition of a portfolio of lodging properties 0 127   $ 1 126     (127)
Adjustment of redeemable non-controlling interests to redemption value (2,520) (2,520)         (2,520)  
Adjustment of redeemable non-controlling interests to redemption value 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
Contributions by non-controlling interest in joint venture (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)        
Shares of common stock acquired for employee withholding requirements (2,456) (2,456)   $ (3) (2,453)      
Other (253) (212)     (212)     (41)
Other comprehensive (loss) income 32,564 30,177       30,177   2,387
Net income (loss) 1,217 1,466         1,466 (249)
Ending preferred shares outstanding (in shares) at Dec. 31, 2022     (10,400,000)          
Ending shares of Common Stock outstanding (in shares) at Dec. 31, 2022 $ (1,407,950) (959,813) $ (104) $ (1,069) (1,232,302) (14,538) 288,200 (448,137)
Ending balance 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)              
Temporary equity, ending balance at Dec. 31, 2023 $ 50,219              
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Redeemable non-controlling interests in operating partnership issued for the acquisition of a portfolio of lodging properties (in shares) 28,179     28,179        
Redeemable non-controlling interests in operating partnership issued for the acquisition of a portfolio of lodging properties $ 0 272     272     (272)
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 non-controlling interests (412) (37)         (37) (375)
Contributions by non-controlling interest in joint venture 20,792             20,792
Contributions by non-controlling interest in joint venture (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 (loss) income (2,884) (3,571)       (3,571)   687
Net income (loss) (28,116) (9,489)         (9,489) (18,627)
Ending preferred shares outstanding (in shares) at Dec. 31, 2023     (10,400,000)          
Ending shares of Common Stock outstanding (in shares) at Dec. 31, 2023 $ (1,346,477) (911,195) $ (104) $ (1,076) (1,238,896) (10,967) 339,848 (435,282)
Ending balance at Dec. 31, 2023 (107,593,373)     (107,593,373)        
Increase (Decrease) in Temporary Equity [Roll Forward]                
Adjustment of redeemable non-controlling interests to redemption value $ 2,626              
Preferred dividends and distributions (2,626)              
Temporary equity, ending balance at Dec. 31, 2024 $ 50,219              
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Redeemable non-controlling interests in operating partnership issued for the acquisition of a portfolio of lodging properties (in shares) 15,555     15,555        
Redeemable non-controlling interests in operating partnership issued for the acquisition of a portfolio of lodging properties $ 0 144     144     (144)
Adjustment of redeemable non-controlling interests to redemption value (2,626) (2,626)         (2,626)  
Contributions by non-controlling interest in joint venture 22,497             22,497
Contributions by non-controlling interest in joint venture (37,116) (32,334)         (32,334) (4,782)
Preferred dividends and distributions (16,175) (15,875)         (15,875) (300)
Joint venture partner distributions (21,930)             (21,930)
Equity-based compensation (in shares)       971,389        
Equity-based compensation $ 8,132 8,132   $ 9 8,123      
Shares of common stock acquired for employee withholding requirements (in shares) (144,654)     (144,654)        
Shares of common stock acquired for employee withholding requirements $ (939) (939)   $ (1) (938)      
Other comprehensive (loss) income (2,384) (1,794)       (1,794)   (590)
Net income (loss) 38,891 43,642         43,642 (4,751)
Ending preferred shares outstanding (in shares) at Dec. 31, 2024     (10,400,000)          
Ending shares of Common Stock outstanding (in shares) at Dec. 31, 2024 $ (1,334,827) $ (909,545) $ (104) $ (1,084) $ (1,246,225) $ (9,173) $ 347,041 $ (425,282)
Ending balance at Dec. 31, 2024 (108,435,663)     (108,435,663)