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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
OPERATING ACTIVITIES:    
Net income $ 88,062,000 $ 96,665,000
Adjustments to reconcile net loss to net cash provided by operating activities:    
Depreciation and amortization 97,795,000 107,514,000
Foreign currency transaction (gain) loss (349,000) 299,000
Amortization and write-off of deferred financing costs and debt discount 3,993,000 4,621,000
Amortization and write-off of above-market ground leases 0 (68,000)
Debt prepayment and extinguishment costs 0 1,183,000
Loss on disposal of property and equipment 3,377,000 668,000
Gain on sale of hotel properties 0 (38,082,000)
Impairment of long-lived assets 0 43,600,000
Equity-based compensation 4,255,000 4,188,000
Deferred income tax benefit (2,385,000) (6,916,000)
Changes in assets and liabilities:    
Accounts receivable, net (3,464,000) (2,088,000)
Other assets (3,331,000) 921,000
Accounts payable and accrued liabilities 16,144,000 16,143,000
Net cash provided by operating activities 204,097,000 228,648,000
INVESTING ACTIVITIES:    
Purchases of property and equipment (84,785,000) (71,003,000)
Acquisition of hotel property 0 (12,729,000)
Development in process payments (21,841,000) (6,009,000)
Payment for intangible assets (6,296,000) 0
Proceeds from sale of hotel properties 0 155,244,000
Proceeds from insurance and related recoveries 613,000 4,362,000
Net cash (used in) provided by investing activities (112,309,000) 69,865,000
FINANCING ACTIVITIES:    
Principal payments on term loan facilities (5,683,000) (66,112,000)
Principal payments on finance leases (58,000) 0
Debt prepayment and extinguishment costs 0 (1,183,000)
Tax withholdings related to restricted stock unit settlements (1,571,000) (3,894,000)
Repurchase of Corporation common stock and ESH REIT Class B common stock (Paired Shares) 0 (68,002,000)
Corporation common distributions (30,287,000) (23,156,000)
ESH REIT common distributions (54,938,000) (59,606,000)
ESH REIT preferred distributions (8,000) (8,000)
Net cash used in financing activities (92,545,000) (221,961,000)
CHANGES IN CASH, CASH EQUIVALENTS AND RESTRICTED CASH DUE TO CHANGES IN FOREIGN CURRENCY EXCHANGE RATES 61,000 (88,000)
NET (DECREASE) INCREASE IN CASH, CASH EQUIVALENTS AND RESTRICTED CASH (696,000) 76,464,000
CASH, CASH EQUIVALENTS AND RESTRICTED CASH - Beginning of period 303,336,000 150,974,000
CASH, CASH EQUIVALENTS AND RESTRICTED CASH - End of period 302,640,000 227,438,000
SUPPLEMENTAL CASH FLOW INFORMATION:    
Cash payments for interest, excluding prepayment and other penalties, net of capitalized interest of $751 and $129 57,902,000 58,869,000
Cash payments for income taxes, net of refunds of $0 and $96 16,583,000 18,130,000
Operating cash payments for finance leases 122,000 0
Operating cash payments for operating leases 1,380,000 0
NONCASH INVESTING AND FINANCING ACTIVITIES:    
Capital expenditures included in accounts payable and accrued liabilities 27,618,000 20,023,000
Additions to finance lease right-of-use assets and liabilities 109,000 0
Corporation common distributions included in accounts payable and accrued liabilities 380,000 288,000
ESH REIT    
OPERATING ACTIVITIES:    
Net income 29,415,000 38,771,000
Adjustments to reconcile net loss to net cash provided by operating activities:    
Depreciation and amortization 95,999,000 106,818,000
Foreign currency transaction (gain) loss (273,000) 266,000
Amortization and write-off of deferred financing costs and debt discount 3,939,000 4,567,000
Amortization and write-off of above-market ground leases 0 (68,000)
Debt prepayment and extinguishment costs 0 1,183,000
Loss on disposal of property and equipment 3,377,000 668,000
Gain on sale of hotel properties 0 (35,410,000)
Equity-based compensation 277,000 304,000
Deferred income tax benefit 0 4,000
Changes in assets and liabilities:    
Other assets (5,111,000) (3,653,000)
Accounts payable and accrued liabilities 8,140,000 6,351,000
Net cash provided by operating activities 185,357,000 199,529,000
INVESTING ACTIVITIES:    
Purchases of property and equipment (80,173,000) (67,113,000)
Acquisition of hotel property 0 (12,733,000)
Development in process payments (21,841,000) (6,009,000)
Payment for intangible assets (6,296,000) 0
Proceeds from sale of hotel properties 0 155,244,000
Proceeds from insurance and related recoveries 613,000 4,362,000
Net cash (used in) provided by investing activities (107,697,000) 73,751,000
FINANCING ACTIVITIES:    
Principal payments on term loan facilities (5,683,000) (66,112,000)
Principal payments on finance leases (58,000) 0
Debt prepayment and extinguishment costs 0 (1,183,000)
Repurchase of Corporation common stock and ESH REIT Class B common stock (Paired Shares) 0 (24,737,000)
Corporation common distributions (127,582,000) (137,249,000)
ESH REIT preferred distributions (8,000) (8,000)
Net cash used in financing activities (132,083,000) (226,973,000)
NET (DECREASE) INCREASE IN CASH, CASH EQUIVALENTS AND RESTRICTED CASH (54,423,000) 46,307,000
CASH, CASH EQUIVALENTS AND RESTRICTED CASH - Beginning of period 178,538,000 54,915,000
CASH, CASH EQUIVALENTS AND RESTRICTED CASH - End of period 124,115,000 101,222,000
SUPPLEMENTAL CASH FLOW INFORMATION:    
Cash payments for interest, excluding prepayment and other penalties, net of capitalized interest of $751 and $129 57,527,000 58,493,000
Cash payments for income taxes, net of refunds of $0 and $96 606,000 608,000
Operating cash payments for finance leases 122,000 0
Operating cash payments for operating leases 354,000 0
NONCASH INVESTING AND FINANCING ACTIVITIES:    
Capital expenditures included in accounts payable and accrued liabilities 26,920,000 19,374,000
Additions to finance lease right-of-use assets and liabilities 109,000 0
Corporation common distributions included in accounts payable and accrued liabilities 794,000 578,000
ESH REIT common distributions included in accounts payable and accrued liabilities $ 794,000 $ 578,000