XML 59 R45.htm IDEA: XBRL DOCUMENT v3.8.0.1
Merger with FelCor Lodging Trust Incorporated (Details)
3 Months Ended 4 Months Ended 9 Months Ended 12 Months Ended
Aug. 31, 2017
USD ($)
Rooms
$ / shares
shares
Dec. 31, 2017
USD ($)
room
$ / shares
Dec. 31, 2017
USD ($)
room
$ / shares
Sep. 30, 2017
$ / shares
Dec. 31, 2017
USD ($)
room
$ / shares
shares
Dec. 31, 2016
USD ($)
$ / shares
shares
Dec. 31, 2015
USD ($)
$ / shares
Business Acquisition [Line Items]              
Business Combination, Measurement Period Adjustment, Investment in Hotel Properties   $ 12,500,000          
Revenue         $ 1,893,899,000 $ 1,996,517,000 $ 1,149,453,000
Transaction costs in a business combination         $ 38,391,000    
Business Combination, Revenue recognized during the period     $ 260,020,000        
Off-market Lease, Unfavorable $ 15,489,544            
Real Estate Properties, Ownership Interest, Percentage         100.00%    
Sale of hotel properties         $ 170,000,000 $ 301,540,000 252,500,000
Number of Units in Real Estate Property | room   31,000 31,000   31,000    
Common Stock, Par or Stated Value Per Share | $ / shares $ 0.01 $ 0.01 $ 0.01   $ 0.01 $ 0.01  
Business Combination, Consideration Transferred, Equity Interests Issued and Issuable $ 4,342,000            
Payments to Acquire Businesses, Net of Cash Acquired $ 24,883,000            
Preferred Stock, Par or Stated Value Per Share | $ / shares   $ 0.01 $ 0.01   $ 0.01 $ 0.01  
Number of Businesses Acquired 37            
Business Combination, Consideration Transferred $ 1,412,388,000            
Below Market Lease, Gross   $ 118,609,000 $ 118,609,000   $ 118,609,000 $ 0  
Acquired Finite-lived Intangible Assets, Weighted Average Useful Life       46 years      
Other Intangible Assets, Gross   9,511,000 9,511,000   9,511,000 2,309,000  
Business Combination, Net Income recognized during the period     14,994,000        
Integration costs in a business combination         5,696,000    
Total merger-related costs of a business combination         44,087,000    
Net income attributable to common shareholders         $ 110,231,000 $ 213,354,000 $ 222,498,000
Business Acquisition, Pro Forma Earnings Per Share, Basic | $ / shares         $ 0.63 $ 1.23 $ 1.72
Business Acquisition, Pro Forma Earnings Per Share, Diluted | $ / shares         $ 0.63 $ 1.22 $ 1.71
Weighted Average Basic Shares Outstanding, Pro Forma | shares         174,142,918 174,009,107  
Pro Forma Weighted Average Shares Outstanding, Diluted | shares         174,220,129 174,237,111  
Debt Instrument, Fair Value Adjustment, Net   68,700,000 $ 68,700,000   $ 68,700,000    
Business Combination, Measurement Period Adjustment, Intangible Assets   12,000,000          
Business Combination, Measurement Period Adjustment, Deferred Income Tax Assets   26,200,000          
Business Combination, Measurement Period Adjustment, Prepaid Expenses and Other Assets   1,200,000          
Business Combination, Measurement Period Adjustment, Accounts Payable and Other Liabilities   2,600,000          
Business Combination, Measurement Period Adjustment, Noncontrolling Interest in Consolidated Joint Ventures   $ 300,000          
Common Stock              
Business Acquisition [Line Items]              
Business Combination, Consideration Transferred, Equity Interests Issued and Issuable $ 1,016,227,000            
Business Acquisition, Equity Interest Issued or Issuable, Number of Shares | shares 50,400,000            
Business Combination, Consideration Transferred, Equity Interests Issued and Issuable, Share Price | $ / shares $ 20.18            
Series A Cumulative Preferred Stock [Member]              
Business Acquisition [Line Items]              
Business Combination, Consideration Transferred, Equity Interests Issued and Issuable $ 366,936,000            
Business Acquisition, Equity Interest Issued or Issuable, Number of Shares | shares 12,879,475            
Business Combination, Consideration Transferred, Equity Interests Issued and Issuable, Share Price | $ / shares $ 28.49            
Preferred Stock, Dividend Rate, Per-Dollar-Amount | $ / shares         $ 1.95    
Preferred Stock, Par or Stated Value Per Share | $ / shares   $ 0.01 $ 0.01   0.01 $ 0  
Partnership Interest [Member]              
Business Acquisition [Line Items]              
Business Combination, Consideration Transferred, Equity Interests Issued and Issuable $ 4,342,000            
Business Combination, Consideration Transferred, Equity Interests Issued and Issuable, Share Price | $ / shares $ 20.18            
Business Acquisition, Common Units Issued or Issuable, Number of Units | shares 215,152            
DoubleTree Suites by Hilton Austin [Member]              
Business Acquisition [Line Items]              
Real Estate Properties, Ownership Interest, Percentage 100.00%            
Number of Units in Real Estate Property | Rooms 188            
DoubleTree Suites by Hilton Orlando - Lake Buena Vista [Member]              
Business Acquisition [Line Items]              
Real Estate Properties, Ownership Interest, Percentage 100.00%            
Number of Units in Real Estate Property | Rooms 229            
Embassy Suites Atlanta Buckhead [Member]              
Business Acquisition [Line Items]              
Real Estate Properties, Ownership Interest, Percentage 100.00%            
Number of Units in Real Estate Property | Rooms 316            
Embassy Suites Birmingham [Member]              
Business Acquisition [Line Items]              
Real Estate Properties, Ownership Interest, Percentage 100.00%            
Number of Units in Real Estate Property | Rooms 242            
Embassy Suites Boston Marlborough [Member]              
Business Acquisition [Line Items]              
Real Estate Properties, Ownership Interest, Percentage 100.00%            
Number of Units in Real Estate Property | Rooms 229            
Embassy Suites Dallas Love Field [Member]              
Business Acquisition [Line Items]              
Real Estate Properties, Ownership Interest, Percentage 100.00%            
Number of Units in Real Estate Property | Rooms 248            
Embassy Suites Deerfield Beach [Member]              
Business Acquisition [Line Items]              
Real Estate Properties, Ownership Interest, Percentage 100.00%            
Number of Units in Real Estate Property | Rooms 244            
Embassy Suites Fort Lauderdale 17th Street [Member]              
Business Acquisition [Line Items]              
Real Estate Properties, Ownership Interest, Percentage 100.00%            
Number of Units in Real Estate Property | Rooms 361            
Embassy Suites Los Angeles International Airport South [Member]              
Business Acquisition [Line Items]              
Real Estate Properties, Ownership Interest, Percentage 100.00%            
Number of Units in Real Estate Property | Rooms 349            
Embassy Suites Mandalay Beach [Member]              
Business Acquisition [Line Items]              
Real Estate Properties, Ownership Interest, Percentage 100.00%            
Number of Units in Real Estate Property | Rooms 250            
Embassy Suites Miami International Airport [Member]              
Business Acquisition [Line Items]              
Real Estate Properties, Ownership Interest, Percentage 100.00%            
Number of Units in Real Estate Property | Rooms 318            
Embassy Suites Milpitas Silicon Valley [Member]              
Business Acquisition [Line Items]              
Real Estate Properties, Ownership Interest, Percentage 100.00%            
Number of Units in Real Estate Property | Rooms 266            
Embassy Suites Minneapolis Airport [Member]              
Business Acquisition [Line Items]              
Real Estate Properties, Ownership Interest, Percentage 100.00%            
Number of Units in Real Estate Property | Rooms 310            
Embassy Suites Myrtle Beach [Member]              
Business Acquisition [Line Items]              
Real Estate Properties, Ownership Interest, Percentage 100.00%            
Number of Units in Real Estate Property | Rooms 255            
Embassy Suites Napa Valley [Member]              
Business Acquisition [Line Items]              
Real Estate Properties, Ownership Interest, Percentage 100.00%            
Number of Units in Real Estate Property | Rooms 205            
Embassy Suites Orlando International Drive [Member]              
Business Acquisition [Line Items]              
Real Estate Properties, Ownership Interest, Percentage 100.00%            
Number of Units in Real Estate Property | Rooms 244            
Embassy Suites Phoenix Biltmore [Member]              
Business Acquisition [Line Items]              
Real Estate Properties, Ownership Interest, Percentage 100.00%            
Number of Units in Real Estate Property | Rooms 232            
Embassy Suites San Francisco Airport South San Francisco [Member]              
Business Acquisition [Line Items]              
Real Estate Properties, Ownership Interest, Percentage 100.00%            
Number of Units in Real Estate Property | Rooms 312            
Embassy Suites San Francisco Airport Waterfront [Member]              
Business Acquisition [Line Items]              
Real Estate Properties, Ownership Interest, Percentage 100.00%            
Number of Units in Real Estate Property | Rooms 340            
Embassy Suites Secaucus [Member]              
Business Acquisition [Line Items]              
Real Estate Properties, Ownership Interest, Percentage 50.00%            
Number of Units in Real Estate Property | Rooms 261            
Hilton Myrtle Beach Resort [Member]              
Business Acquisition [Line Items]              
Real Estate Properties, Ownership Interest, Percentage 100.00%            
Number of Units in Real Estate Property | Rooms 385            
Holiday Inn San Francisco Fisherman's Wharf [Member]              
Business Acquisition [Line Items]              
Real Estate Properties, Ownership Interest, Percentage 100.00%            
Number of Units in Real Estate Property | Rooms 585            
San Francisco Marriott Union Square [Member]              
Business Acquisition [Line Items]              
Real Estate Properties, Ownership Interest, Percentage 100.00%            
Number of Units in Real Estate Property | Rooms 400            
Sheraton Burlington Hotel & Conference Center [Member]              
Business Acquisition [Line Items]              
Real Estate Properties, Ownership Interest, Percentage 100.00%            
Number of Units in Real Estate Property | Rooms 309            
Sheraton Philadelphia Society Hill Hotel [Member]              
Business Acquisition [Line Items]              
Real Estate Properties, Ownership Interest, Percentage 100.00%            
Number of Units in Real Estate Property | Rooms 364            
Fairmont Copley Plaza [Member]              
Business Acquisition [Line Items]              
Real Estate Properties, Ownership Interest, Percentage 100.00%            
Number of Units in Real Estate Property | Rooms 383            
The Knickerbocker New York [Member]              
Business Acquisition [Line Items]              
Real Estate Properties, Ownership Interest, Percentage 95.00%            
Number of Units in Real Estate Property | Rooms 330            
Mills House Wyndham Grand Hotel [Member]              
Business Acquisition [Line Items]              
Real Estate Properties, Ownership Interest, Percentage 100.00%            
Number of Units in Real Estate Property | Rooms 216            
Vinoy Renaissance St. Petersburg Resort & Golf Club [Member]              
Business Acquisition [Line Items]              
Real Estate Properties, Ownership Interest, Percentage 100.00%            
Number of Units in Real Estate Property | Rooms 361            
Wyndham Boston Beacon Hill [Member]              
Business Acquisition [Line Items]              
Real Estate Properties, Ownership Interest, Percentage 100.00%            
Number of Units in Real Estate Property | Rooms 304            
Wyndham Houston Medical Center [Member]              
Business Acquisition [Line Items]              
Real Estate Properties, Ownership Interest, Percentage 100.00%            
Number of Units in Real Estate Property | Rooms 287            
Wyndham New Orleans French Quarter [Member]              
Business Acquisition [Line Items]              
Real Estate Properties, Ownership Interest, Percentage 100.00%            
Number of Units in Real Estate Property | Rooms 374            
Wyndham Philadelphia Historic District [Member]              
Business Acquisition [Line Items]              
Real Estate Properties, Ownership Interest, Percentage 100.00%            
Number of Units in Real Estate Property | Rooms 364            
Wyndham Pittsburgh University Center [Member]              
Business Acquisition [Line Items]              
Real Estate Properties, Ownership Interest, Percentage 100.00%            
Number of Units in Real Estate Property | Rooms 251            
Wyndham San Diego Bayside [Member]              
Business Acquisition [Line Items]              
Real Estate Properties, Ownership Interest, Percentage 100.00%            
Number of Units in Real Estate Property | Rooms 600            
Wyndham Santa Monica At The Pier [Member]              
Business Acquisition [Line Items]              
Real Estate Properties, Ownership Interest, Percentage 100.00%            
Number of Units in Real Estate Property | Rooms 132            
FelCor Lodging LP [Member]              
Business Acquisition [Line Items]              
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Real Estate Investment, Net $ 2,661,114,000            
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Equity Investments 25,651,000            
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Assets, Receivables 28,308,000            
Business Combination Recognized Identifiable Assets Acquired and Liabilities Assumed, Deferred Tax Assets 58,170,000            
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill 139,673,000            
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Assets, Prepaid Expense and Other Assets 23,811,000            
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Noncurrent Liabilities, Long-term Debt (1,305,337,000)            
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Liabilities, Accounts Payable (118,360,000)            
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Liabilities, Deferred Revenue (23,795,000)            
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Liabilities, Interest Payable (22,612,000)            
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Liabilities, Dividends Payable (4,312,000)            
Business Combination, Acquisition of Less than 100 Percent, Noncontrolling Interest, Fair Value (5,493,000)            
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Preferred equity in a consolidated joint venture (44,430,000)            
Below Market Lease, Gross 118,050,000            
Advanced Bookings 13,862,000            
Other Intangible Assets, Gross 7,761,000            
Total intangible assets 139,673,000            
Debt Instrument, Fair Value Adjustment, Net $ 71,700,000            
FelCor Lodging Trust [Member]              
Business Acquisition [Line Items]              
Number of Units in Real Estate Property | Rooms 11,215            
Chateau LeMoyne French Quarter, New Orleans [Member]              
Business Acquisition [Line Items]              
Real Estate Properties, Ownership Interest, Percentage 50.00%            
Number of Units in Real Estate Property | Rooms 171            
FelCor Lodging Trust [Member]              
Business Acquisition [Line Items]              
Common Stock, Par or Stated Value Per Share | $ / shares $ 0.01            
Common Stock, Conversion Basis       0.362      
Preferred Stock, Dividend Rate, Per-Dollar-Amount | $ / shares       $ 1.95      
Preferred Stock, Par or Stated Value Per Share | $ / shares $ 0.01            
RLJ Lodging Trust [Member] | Series A Cumulative Preferred Stock [Member]              
Business Acquisition [Line Items]              
Preferred Stock, Dividend Rate, Per-Dollar-Amount | $ / shares       1.95 $ 1.95    
Preferred Stock, Par or Stated Value Per Share | $ / shares       $ 0.01      
Below market ground leases [Member]              
Business Acquisition [Line Items]              
Acquired Finite-lived Intangible Assets, Weighted Average Useful Life       54 years      
Other finite-lived intangible assets [Member]              
Business Acquisition [Line Items]              
Acquired Finite-lived Intangible Assets, Weighted Average Useful Life       6 years      
Advanced Bookings [Member]              
Business Acquisition [Line Items]              
Acquired Finite-lived Intangible Assets, Weighted Average Useful Life       1 year