DiamondRock Hospitality Company(NYSE:DRH) 
DiamondRock Hospitality Company is a self-advised real estate investment trust (REIT) that is an owner of a leading portfolio of geographically diversified hotels concentrated in top gateway markets and destination resort locations. The Company owns 31 premium quality hotels with over 10,000 rooms. ...
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Quarterly
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| Unit: USD | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 | 2023-03-31 | 2022-12-31 | 2022-09-30 | 2022-06-30 | 2022-03-31 | 2021-12-31 | 2021-09-30 | 2021-06-30 | 2021-03-31 | 2020-12-31 | 2020-09-30 | 2020-06-30 | 2020-03-31 | 2019-12-31 | 2019-09-30 | 2019-06-30 | 2019-03-31 | 2018-12-31 | 2018-09-30 | 2018-06-30 | 2018-03-31 | 2017-12-31 | 2017-09-30 | 2017-06-30 | 2017-03-31 | 2016-12-31 | 2016-09-30 | 2016-06-30 | 2016-03-31 | 2015-12-31 | 2015-09-30 | 2015-06-30 | 2015-03-31 | 2014-12-31 | 2014-09-30 | 2014-06-30 | 2014-03-31 | 2013-12-31 | 2013-09-30 | 2013-06-30 | 2013-03-31 | 2012-12-31 | 2012-09-07 | 2012-06-15 | 2012-03-23 | 2011-12-31 | 2011-09-09 | 2011-06-17 | 2011-03-25 | 2010-12-31 | 2010-09-10 | 2010-06-18 | 2010-03-26 | 2009-12-31 | 2009-09-11 | 2009-06-19 | 2009-03-27 | 2008-12-31 | 2008-09-05 | 2008-06-13 | 2008-03-21 | 2007-12-31 | 2007-09-07 | 2007-06-15 | 2007-03-23 | 2006-12-31 | 2006-09-08 | 2006-06-16 | 2006-03-24 | 2005-12-31 | 2005-09-09 | 2005-06-17 |
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revenues: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
rooms | 164,085,000 | 178,163,000 | 189,088,000 | 198,237,000 | 163,118,000 | 192,471,000 | 203,487,000 | 163,507,000 | 173,122,000 | 186,334,000 | 197,318,000 | 160,673,000 | 171,080,000 | 184,994,000 | 193,025,000 | 132,170,000 | 133,004,000 | 128,743,000 | 86,896,000 | 50,412,000 | 38,670,000 | 33,166,000 | 13,099,000 | 111,801,000 | 168,758,000 | 174,113,000 | 181,629,000 | 136,653,000 | 161,262,000 | 165,750,000 | 175,058,000 | 128,978,000 | 152,627,000 | 167,990,000 | 177,483,000 | 137,832,000 | 151,910,000 | 163,158,000 | 186,113,000 | 149,443,000 | 168,849,000 | 178,529,000 | 181,563,000 | 144,637,000 | 162,999,000 | 171,047,000 | 165,088,000 | 129,736,000 | 150,146,000 | 154,549,000 | 124,286,000 | 132,578,000 | 126,973,000 | 83,388,000 | 125,100,000 | 111,866,000 | 71,648,000 | 267,081,000 | 167,378,000 | 75,116,000 | 253,661,000 | 165,343,000 | 75,116,000 | 106,203,000 | 116,011,000 | 85,927,000 | 110,818,000 | 115,681,000 | 86,115,000 | 76,804,975 | 81,273,462 | 54,514,752 | 43,007,699 | 23,833,517 | |||||||||
food and beverage | 67,166,000 | 68,709,000 | 67,415,000 | 78,828,000 | 66,841,000 | 65,787,000 | 78,111,000 | 68,381,000 | 66,888,000 | 64,723,000 | 68,369,000 | 59,777,000 | 61,940,000 | 61,940,000 | 68,606,000 | 45,748,000 | 41,690,000 | 36,513,000 | 25,614,000 | 13,925,000 | 12,037,000 | 9,586,000 | 3,038,000 | 43,905,000 | 53,458,000 | 50,624,000 | 60,714,000 | 50,465,000 | 48,811,000 | 42,922,000 | 51,572,000 | 40,792,000 | 42,858,000 | 42,651,000 | 52,762,000 | 44,778,000 | 42,906,000 | 44,069,000 | 57,407,000 | 50,374,000 | 52,511,000 | 47,256,000 | 56,073,000 | 52,333,000 | 48,780,000 | 45,504,000 | 52,182,000 | 48,611,000 | 47,522,000 | 56,943,000 | 45,277,000 | 40,791,000 | 47,907,000 | 31,251,000 | 44,671,000 | 49,432,000 | 35,552,000 | 126,620,000 | 83,250,000 | 36,890,000 | 122,423,000 | 81,587,000 | 36,890,000 | 45,512,000 | 55,532,000 | 40,081,000 | 47,703,000 | 54,340,000 | 41,503,000 | 31,319,744 | 36,675,546 | 24,069,962 | 17,607,225 | 7,791,155 | |||||||||
other | 26,911,000 | 27,662,000 | 28,881,000 | 28,655,000 | 24,894,000 | 26,871,000 | 27,682,000 | 24,535,000 | 23,537,000 | 25,463,000 | 25,560,000 | 23,103,000 | 22,035,000 | 21,274,000 | 19,776,000 | 18,915,000 | 15,240,000 | 14,216,000 | 12,281,000 | 8,600,000 | 8,340,000 | 7,315,000 | 4,242,000 | 14,289,000 | 15,303,000 | 15,542,000 | 15,575,000 | 15,257,000 | 13,334,000 | 12,146,000 | 11,319,000 | 11,760,000 | 11,552,000 | 12,845,000 | 13,027,000 | 13,600,000 | 11,805,000 | 13,012,000 | 13,144,000 | 13,217,000 | 12,438,000 | 12,717,000 | 12,165,000 | 11,918,000 | 11,848,000 | 12,666,000 | 12,664,000 | 11,737,000 | 12,975,000 | 12,692,000 | 11,740,000 | 10,504,000 | 10,667,000 | 6,783,000 | 9,224,000 | 8,207,000 | 5,628,000 | 21,364,000 | 13,324,000 | 6,538,000 | 23,866,000 | 15,221,000 | 6,538,000 | 9,680,000 | 9,473,000 | 6,855,000 | 9,490,000 | 9,523,000 | 6,117,000 | 6,774,121 | 7,018,328 | 4,537,436 | 4,792,077 | 1,891,044 | |||||||||
total revenues | 258,162,000 | 274,534,000 | 285,384,000 | 305,720,000 | 254,853,000 | 285,129,000 | 309,280,000 | 256,423,000 | 263,547,000 | 276,520,000 | 291,247,000 | 243,553,000 | 255,055,000 | 268,208,000 | 281,407,000 | 196,833,000 | 189,934,000 | 179,472,000 | 124,791,000 | 72,937,000 | 59,047,000 | 50,067,000 | 20,379,000 | 169,995,000 | 237,519,000 | 240,279,000 | 257,918,000 | 202,375,000 | 223,407,000 | 220,818,000 | 237,949,000 | 181,530,000 | 207,037,000 | 223,486,000 | 243,272,000 | 196,210,000 | 206,621,000 | 220,239,000 | 256,664,000 | 213,034,000 | 233,798,000 | 238,502,000 | 249,801,000 | 208,888,000 | 223,627,000 | 229,217,000 | 229,934,000 | 190,084,000 | 210,643,000 | 224,184,000 | 181,303,000 | 183,873,000 | 185,547,000 | 121,422,000 | 178,995,000 | 169,505,000 | 112,828,000 | 415,065,000 | 263,952,000 | 118,544,000 | 399,950,000 | 262,151,000 | 118,544,000 | 161,395,000 | 181,016,000 | 132,863,000 | 168,011,000 | 179,544,000 | 133,735,000 | 114,898,840 | 124,967,336 | 83,122,150 | 65,407,001 | 33,515,716 | |||||||||
yoy | 1.30% | -3.72% | -7.73% | 19.22% | -3.30% | 3.11% | 6.19% | 5.28% | 3.33% | 3.10% | 3.50% | 23.74% | 34.29% | 49.44% | 125.50% | 169.87% | 221.67% | 258.46% | 512.35% | -57.09% | -75.14% | -79.16% | -92.10% | -16.00% | 6.32% | 8.81% | 8.39% | 11.48% | 7.91% | -1.19% | -2.19% | -7.48% | 0.20% | 1.47% | -5.22% | -7.90% | -11.62% | -7.66% | 2.75% | 1.98% | 4.55% | 4.05% | 8.64% | 9.89% | 8.82% | 2.56% | 4.84% | 14.56% | 20.82% | 49.32% | 2.73% | 9.46% | 7.62% | -56.88% | -35.78% | -4.82% | 3.78% | 0.69% | 0.00% | 147.81% | 44.82% | -10.78% | -3.94% | 0.82% | -0.65% | 46.23% | 43.67% | 60.89% | 75.67% | 272.86% | |||||||||||||
qoq | -5.96% | -3.80% | -6.65% | 19.96% | -10.62% | -7.81% | 20.61% | -2.70% | -4.69% | -5.06% | 19.58% | -4.51% | -4.90% | -4.69% | 42.97% | 3.63% | 5.83% | 43.82% | 71.09% | 23.52% | 17.94% | 145.68% | -88.01% | -28.43% | -1.15% | -6.84% | 27.45% | -9.41% | 1.17% | -7.20% | 31.08% | -12.32% | -7.36% | -8.13% | 23.99% | -5.04% | -6.18% | -14.19% | 20.48% | -8.88% | -1.97% | -4.52% | 19.59% | -6.59% | -2.44% | -0.31% | 20.96% | -6.04% | 23.65% | -0.90% | 52.81% | 5.60% | 50.23% | 57.25% | 122.66% | 52.56% | 121.14% | -10.84% | 36.24% | -6.42% | 34.25% | -8.06% | 50.34% | 95.15% | |||||||||||||||||||
operating expenses: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
other departmental and support expenses | 66,188,000 | 68,566,000 | 68,127,000 | 68,719,000 | 65,286,000 | 67,357,000 | 67,817,000 | 64,600,000 | 68,171,000 | 65,952,000 | 65,445,000 | 61,968,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
management fees | 5,011,000 | 6,318,000 | 7,096,000 | 7,406,000 | 5,018,000 | 7,093,000 | 8,008,000 | 5,310,000 | 5,802,000 | 7,323,000 | 6,885,000 | 4,988,000 | 6,410,000 | 6,697,000 | 6,312,000 | 4,020,000 | 3,694,000 | 3,104,000 | 2,291,000 | 1,119,000 | 934,000 | -755,000 | -78,000 | 3,477,000 | 6,730,000 | 6,088,000 | 7,317,000 | 5,340,000 | 6,617,000 | 6,099,000 | 6,610,000 | 2,833,000 | 3,652,000 | 5,356,000 | 6,949,000 | 6,012,000 | 7,107,000 | 7,655,000 | 8,772,000 | 6,609,000 | 7,968,000 | 7,562,000 | 8,903,000 | 6,201,000 | 7,944,000 | 8,330,000 | 8,459,000 | 5,293,000 | 7,178,000 | 7,351,000 | 4,880,000 | 5,744,000 | 6,616,000 | 3,142,000 | 5,214,000 | 6,987,000 | 3,072,000 | 13,634,000 | 8,554,000 | 3,327,000 | 13,243,000 | 8,336,000 | 3,327,000 | 6,844,000 | 8,048,000 | 4,965,000 | 6,807,000 | 7,934,000 | 5,232,000 | 4,427,423 | 4,780,449 | 2,916,396 | 2,171,128 | 1,210,846 | |||||||||
franchise fees | 9,255,000 | 9,578,000 | 9,731,000 | 10,003,000 | 9,048,000 | 10,117,000 | 10,567,000 | 9,026,000 | 9,345,000 | 8,913,000 | 9,403,000 | 8,077,000 | 9,471,000 | 8,709,000 | 8,693,000 | 5,810,000 | 6,472,000 | 6,011,000 | 3,735,000 | 2,447,000 | 1,729,000 | 1,813,000 | 793,000 | 5,796,000 | 6,971,000 | 6,894,000 | 7,208,000 | 5,859,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
other property-level expenses | 24,481,000 | 22,659,000 | 24,967,000 | 28,017,000 | 24,899,000 | 24,752,000 | 27,188,000 | 26,618,000 | 25,422,000 | 25,704,000 | 26,934,000 | 24,117,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
depreciation and amortization | 28,540,000 | 28,719,000 | 28,340,000 | 28,156,000 | 27,892,000 | 28,356,000 | 27,873,000 | 28,313,000 | 28,307,000 | 27,683,000 | 27,840,000 | 27,472,000 | 27,752,000 | 27,053,000 | 27,389,000 | 26,655,000 | 25,754,000 | 25,555,000 | 24,692,000 | 26,962,000 | 27,319,000 | 28,514,000 | 28,783,000 | 30,100,000 | 30,305,000 | 29,474,000 | 29,335,000 | 28,996,000 | 27,220,000 | 26,369,000 | 26,033,000 | 24,902,000 | 24,059,000 | 25,083,000 | 25,585,000 | 24,363,000 | 23,713,000 | 23,605,000 | 25,005,000 | 25,121,000 | 26,125,000 | 25,107,000 | 25,574,000 | 24,337,000 | 24,074,000 | 25,327,000 | 25,126,000 | 25,123,000 | 26,254,000 | 27,193,000 | 26,834,000 | 22,612,000 | 20,571,000 | 20,518,000 | 23,801,000 | 21,682,000 | 18,907,000 | 59,278,000 | 37,981,000 | 18,717,000 | 57,312,000 | 38,446,000 | 18,717,000 | 18,257,000 | 18,069,000 | 16,687,000 | 17,490,000 | 17,643,000 | 16,061,000 | 12,796,842 | 12,078,225 | 9,047,108 | 7,369,396 | 4,340,984 | |||||||||
corporate expenses | 7,843,000 | 8,689,000 | 8,567,000 | 9,465,000 | 7,683,000 | 7,660,000 | 28,519,000 | 8,904,000 | 8,371,000 | 7,526,000 | 8,284,000 | 7,867,000 | 9,515,000 | 7,516,000 | 8,726,000 | 6,033,000 | 8,762,000 | 8,341,000 | 8,290,000 | 7,159,000 | 7,751,000 | 7,267,000 | 6,826,000 | 5,557,000 | 7,446,000 | 6,318,000 | 7,403,000 | 7,064,000 | 6,424,000 | 4,521,000 | 7,832,000 | 9,786,000 | 7,512,000 | 6,109,000 | 6,828,000 | 6,262,000 | 6,209,000 | 4,684,000 | 6,736,000 | 6,000,000 | 6,271,000 | 6,048,000 | 6,331,000 | 5,410,000 | 6,389,000 | 6,368,000 | 4,932,000 | 5,287,000 | 7,845,000 | 6,227,000 | 5,001,000 | 4,483,000 | 6,453,000 | 4,373,000 | 3,351,000 | 10,859,000 | 7,248,000 | 3,769,000 | 11,094,000 | 7,419,000 | 3,769,000 | 3,241,000 | 3,345,000 | 2,959,000 | 3,271,000 | 3,274,000 | 3,148,000 | 2,812,119 | 2,646,364 | 2,566,888 | 2,452,887 | 5,937,309 | |||||||||||
total operating expenses | 229,541,000 | 236,605,000 | 241,614,000 | 249,586,000 | 230,086,000 | 242,169,000 | 268,274,000 | 233,978,000 | 237,151,000 | 233,765,000 | 236,646,000 | 217,842,000 | 219,163,000 | 220,419,000 | 217,734,000 | 182,422,000 | 183,738,000 | 168,809,000 | 136,066,000 | 234,563,000 | 278,078,000 | 111,870,000 | 88,902,000 | 189,513,000 | 75,214,000 | 211,033,000 | 211,960,000 | 185,885,000 | 189,031,000 | 176,589,000 | 200,012,000 | 168,011,000 | 171,519,000 | 189,168,000 | 192,621,000 | 176,914,000 | 172,870,000 | 178,936,000 | 198,559,000 | 188,723,000 | 195,511,000 | 197,086,000 | 205,637,000 | 187,482,000 | 189,430,000 | 191,045,000 | 174,897,000 | 180,022,000 | 188,675,000 | 191,709,000 | 179,274,000 | 202,807,000 | 162,399,000 | 125,902,000 | 164,631,000 | 154,901,000 | 114,757,000 | 395,497,000 | 251,147,000 | 118,400,000 | 382,473,000 | 251,884,000 | 118,400,000 | 140,841,000 | 147,277,000 | 121,152,000 | 141,642,000 | 144,723,000 | 117,702,000 | 100,492,716 | 101,124,765 | 73,161,714 | 61,392,831 | 35,514,860 | |||||||||
interest expense | 14,690,000 | 15,661,000 | 17,111,000 | 14,868,000 | 15,158,000 | 16,986,000 | 16,202,000 | 16,246,000 | 16,360,000 | 15,973,000 | 15,567,000 | 17,172,000 | 15,417,000 | 9,072,000 | 9,675,000 | 4,119,000 | 7,797,000 | 10,052,000 | 10,710,000 | 8,484,000 | 10,330,000 | 10,818,000 | 11,629,000 | 21,218,000 | 8,320,000 | 14,184,000 | 12,418,000 | 11,662,000 | 10,586,000 | 10,233,000 | 10,274,000 | 9,877,000 | 9,691,000 | 9,692,000 | 9,585,000 | 9,513,000 | 9,493,000 | 9,504,000 | 11,074,000 | 11,664,000 | 13,721,000 | 12,907,000 | 12,838,000 | 13,219,000 | 14,462,000 | 14,691,000 | 14,600,000 | 14,525,000 | 14,471,000 | 14,456,000 | 13,583,000 | 12,732,000 | 12,510,000 | 11,468,000 | 13,605,000 | 12,340,000 | 8,126,000 | 30,455,000 | 19,215,000 | 11,498,000 | 33,673,000 | 22,584,000 | 11,498,000 | 11,632,000 | 11,430,000 | 10,695,000 | 11,704,000 | 11,884,000 | 11,495,000 | 9,057,682 | 9,324,262 | 5,807,705 | 4,156,249 | 3,630,470 | |||||||||
interest (income) and other expense | -648,000 | -2,233,000 | -2,298,000 | -764,000 | -1,464,000 | -1,001,000 | -1,195,000 | -1,069,000 | -844,000 | -772,000 | -522,000 | -423,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total other expenses | 14,042,000 | 13,428,000 | 20,663,000 | 14,104,000 | 13,694,000 | 15,985,000 | 15,007,000 | 15,177,000 | 15,516,000 | 15,201,000 | 15,045,000 | 16,749,000 | 15,845,000 | 18,922,000 | 10,281,000 | 4,405,000 | 7,310,000 | 10,063,000 | 10,395,000 | 8,328,000 | 9,881,000 | 10,627,000 | 11,479,000 | 21,617,000 | 7,633,000 | 16,455,000 | 12,313,000 | 11,359,000 | 10,208,000 | 9,612,000 | 9,978,000 | 9,366,000 | 9,558,000 | 9,320,000 | 9,667,000 | 9,154,000 | 5,368,000 | 6,973,000 | 2,885,000 | 11,614,000 | 13,091,000 | -33,851,000 | -9,369,000 | 12,873,000 | 12,811,000 | 12,797,000 | 12,298,000 | 12,672,000 | 12,356,000 | 11,261,000 | 13,581,000 | 12,072,000 | 8,045,000 | 29,805,000 | 18,848,000 | 11,415,000 | 33,408,000 | 22,401,000 | 11,415,000 | 11,336,000 | 11,098,000 | 10,257,000 | 10,858,000 | 11,213,000 | 10,898,000 | 7,761,711 | 8,117,101 | 5,624,336 | |||||||||||||||
income before income taxes | 14,579,000 | 24,501,000 | 23,107,000 | 42,030,000 | 11,073,000 | 26,975,000 | 25,999,000 | 7,268,000 | 10,880,000 | 27,554,000 | 39,556,000 | 8,962,000 | 20,047,000 | 28,867,000 | 53,392,000 | 10,006,000 | -1,114,000 | 600,000 | -21,670,000 | -169,954,000 | -228,912,000 | -72,430,000 | -80,002,000 | -41,135,000 | 154,672,000 | 12,791,000 | 33,645,000 | 5,131,000 | 24,168,000 | 34,617,000 | 27,959,000 | 4,153,000 | 25,960,000 | 24,998,000 | 40,984,000 | 10,142,000 | 24,948,000 | 34,330,000 | 55,220,000 | 12,697,000 | 17,126,000 | 28,635,000 | 31,553,000 | 8,315,000 | 783,000 | 2,532,000 | -9,974,000 | -10,237,000 | -6,043,000 | -11,271,000 | -15,931,000 | -12,134,000 | -11,271,000 | 9,218,000 | 22,641,000 | 1,454,000 | 15,511,000 | 23,608,000 | 5,135,000 | -5,345,565 | |||||||||||||||||||||||
income tax benefit | -46,000 | 842,000 | 1,090,000 | 226,000 | -691,000 | 54,000 | -1,834,000 | -2,371,000 | 2,551,000 | -1,613,000 | 20,599,000 | -7,205,000 | 6,615,000 | 6,443,000 | -4,571,000 | 3,849,000 | 50,000 | 185,000 | -1,255,000 | 4,081,000 | -6,731,000 | 2,326,000 | -4,433,000 | -3,733,000 | -4,318,000 | 6,848,000 | -593,000 | -4,606,000 | 6,143,000 | 916,000 | -1,848,000 | 5,774,000 | -1,798,000 | -3,088,000 | 1,628,000 | -803,000 | -1,462,000 | 5,978,000 | 13,856,000 | 9,297,000 | 5,978,000 | 2,994,000 | 3,723,000 | 357,000 | 1,655,000 | -173,616 | 1,684,346 | ||||||||||||||||||||||||||||||||||||
net income | 14,533,000 | 26,350,000 | 22,638,000 | 41,039,000 | 11,915,000 | 26,557,000 | 24,631,000 | 8,358,000 | 10,983,000 | 27,330,000 | 39,134,000 | 9,188,000 | 18,389,000 | 28,555,000 | 52,701,000 | 10,060,000 | -2,948,000 | -1,771,000 | -19,119,000 | -171,567,000 | -208,313,000 | -79,635,000 | -73,387,000 | -34,692,000 | 134,583,000 | 11,574,000 | 29,074,000 | 8,980,000 | 24,006,000 | 31,443,000 | 28,009,000 | 4,338,000 | 24,772,000 | 21,623,000 | 36,595,000 | 8,887,000 | 23,906,000 | 29,937,000 | 44,175,000 | 16,778,000 | 25,702,000 | 24,464,000 | 24,822,000 | 10,641,000 | 63,615,000 | 43,808,000 | 51,916,000 | 4,037,000 | 8,564,000 | 15,072,000 | -4,126,000 | -44,779,000 | 8,944,000 | 2,615,000 | -1,015,000 | -556,000 | -8,346,000 | -11,040,000 | -7,505,000 | -5,293,000 | -2,075,000 | -2,837,000 | -5,293,000 | 12,212,000 | 21,755,000 | 5,177,000 | 15,868,000 | 20,513,000 | 6,790,000 | 6,470,797 | 13,896,680 | 4,366,014 | 2,196,468 | -5,824,555 | |||||||||
yoy | 21.97% | -0.78% | -8.09% | 391.01% | 8.49% | -2.83% | -37.06% | -9.03% | -40.27% | -4.29% | -25.74% | -8.67% | -723.78% | -1712.37% | -375.65% | -105.86% | -98.58% | -97.78% | -73.95% | 394.54% | -254.78% | -788.05% | -352.41% | -486.33% | 460.62% | -63.19% | 3.80% | 107.01% | -3.09% | 45.41% | -23.46% | -51.19% | 3.62% | -27.77% | -17.16% | -47.03% | -6.99% | 22.37% | 77.97% | 57.67% | -59.60% | -44.16% | -52.19% | 163.59% | 411.54% | 244.45% | -197.84% | -119.13% | 68.52% | -257.78% | 4311.72% | -1708.63% | -131.33% | -90.81% | -92.59% | 57.68% | 432.05% | 164.54% | 0.00% | -116.99% | -113.04% | -202.24% | -23.04% | 6.05% | -23.76% | 145.22% | 47.61% | 55.52% | 194.60% | -338.59% | |||||||||||||
qoq | -44.85% | 16.40% | -44.84% | 244.43% | -55.13% | 7.82% | 194.70% | -23.90% | -59.81% | -30.16% | 325.93% | -50.04% | -35.60% | -45.82% | 423.87% | -441.25% | 66.46% | -90.74% | -88.86% | -17.64% | 161.58% | 8.51% | 111.54% | -125.78% | 1062.80% | -60.19% | 223.76% | -62.59% | -23.65% | 12.26% | 545.67% | -82.49% | 14.56% | -40.91% | 311.78% | -62.83% | -20.15% | -32.23% | 163.29% | -34.72% | 5.06% | -1.44% | 133.27% | -83.27% | 45.21% | -15.62% | 1186.00% | -43.18% | -465.29% | -600.66% | 242.03% | 82.55% | -93.34% | 47.10% | 41.79% | -26.86% | -46.40% | -43.87% | 320.22% | -22.64% | 202.11% | -53.44% | 218.29% | -137.71% | |||||||||||||||||||
net income margin % | 5.63% | 9.60% | 7.93% | 13.42% | 4.68% | 9.31% | 7.96% | 3.26% | 4.17% | 9.88% | 13.44% | 3.77% | 7.21% | 10.65% | 18.73% | 5.11% | -1.55% | -0.99% | -15.32% | -235.23% | -352.79% | -159.06% | -360.11% | -20.41% | 56.66% | 4.82% | 11.27% | 4.44% | 10.75% | 14.24% | 11.77% | 2.39% | 11.97% | 9.68% | 15.04% | 4.53% | 11.57% | 13.59% | 17.21% | 7.88% | 10.99% | 10.26% | 9.94% | 5.09% | 28.45% | 19.11% | 22.58% | 2.12% | NaN% | 4.07% | 6.72% | -2.28% | NaN% | -24.35% | 4.82% | 2.15% | NaN% | -0.57% | -0.33% | -7.40% | NaN% | -2.66% | -2.84% | -4.47% | NaN% | -0.52% | -1.08% | -4.47% | NaN% | 7.57% | 12.02% | 3.90% | NaN% | 9.44% | 11.43% | 5.08% | NaN% | 5.63% | 11.12% | 5.25% | NaN% | 3.36% | -17.38% |
less: net income attributable to noncontrolling interests | -69,000 | -134,000 | -113,000 | -204,000 | -58,000 | -125,000 | -101,000 | -30,000 | -64,750 | -58,000 | -169,000 | -32,000 | -530,000 | -45,000 | -114,000 | -35,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net income attributable to the company | 14,464,000 | 26,216,000 | 22,525,000 | 40,835,000 | 11,857,000 | 26,432,000 | 24,530,000 | 8,328,000 | 10,947,000 | 27,272,000 | 38,965,000 | 9,156,000 | 18,327,000 | 28,456,000 | 52,517,000 | 10,028,000 | -207,442,000 | -79,592,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
distributions to preferred stockholders | -2,455,000 | -2,454,000 | -2,454,000 | -2,454,000 | -2,454,000 | -2,454,000 | -2,454,000 | -2,455,000 | -2,454,000 | -2,454,000 | -2,454,000 | -2,455,000 | -2,454,000 | -2,454,000 | -2,454,000 | -2,455,000 | -2,454,000 | -2,454,000 | -2,454,000 | -2,455,000 | -845,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net income attributable to common stockholders | 14,464,000 | 23,761,000 | 20,071,000 | 38,381,000 | 9,403,000 | 23,978,000 | 22,076,000 | 5,874,000 | 8,492,000 | 24,818,000 | 36,511,000 | 6,702,000 | 15,872,000 | 26,002,000 | 50,063,000 | 7,574,000 | -209,897,000 | -80,437,000 | -72,782,000 | -34,559,000 | 134,053,000 | 11,529,000 | 28,960,000 | 8,945,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
earnings per share: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
earnings per share available to common stockholders—basic | 0.07 | 0.11 | 0.1 | 0.19 | 0.05 | 0.11 | 0.1 | 0.03 | 0.04 | 0.12 | 0.17 | 0.03 | 0.08 | 0.12 | 0.24 | 0.04 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
earnings per share available to common stockholders—diluted | 0.07 | 0.11 | 0.1 | 0.18 | 0.04 | 0.11 | 0.1 | 0.03 | 0.04 | 0.12 | 0.17 | 0.03 | 0.08 | 0.12 | 0.23 | 0.04 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
impairment losses | 1,076,000 | 1,596,000 | 941,000 | 2,843,000 | 4,145,000 | 122,552,000 | 852,000 | 2,357,000 | 9,675,000 | 30,376,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
loss on debt extinguishment | 5,850,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
income tax expense | -154,500 | -469,000 | -991,000 | -418,000 | -1,368,000 | 103,000 | -224,000 | -422,000 | -237,250 | -312,000 | -20,089,000 | -1,217,000 | -162,000 | -3,174,000 | -1,188,000 | -3,375,000 | -4,389,000 | -1,042,000 | -4,393,000 | -11,045,000 | -2,144,000 | -4,171,000 | -3,095,000 | 1,828,790 | -29,914 | -478,990 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
business interruption insurance income | -537,000 | -110,000 | -499,000 | -8,822,000 | -3,125,000 | -8,227,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
loss on early extinguishment of debt | 68,000 | 9,698,000 | 2,373,000 | 274,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
other hotel expenses | 79,624,000 | 83,318,000 | 80,498,000 | 70,509,000 | 73,610,000 | 66,399,000 | 51,874,000 | 48,935,000 | 41,872,000 | 53,196,000 | 40,720,000 | 77,843,000 | 91,550,000 | 85,157,000 | 81,319,000 | 75,479,000 | 81,276,000 | 78,731,000 | 89,243,000 | 73,463,000 | 74,236,000 | 77,769,000 | 78,608,000 | 71,659,000 | 70,229,000 | 74,123,000 | 79,524,000 | 78,929,000 | 80,213,000 | 83,358,000 | 77,546,000 | 76,505,000 | 75,491,000 | 75,180,000 | 72,393,000 | 72,476,000 | 75,176,000 | 74,559,000 | 69,567,000 | 64,098,000 | 61,089,000 | 49,003,000 | 64,296,000 | 58,211,000 | 44,629,000 | 152,232,000 | 96,619,000 | 46,024,000 | 146,701,000 | 96,540,000 | 46,024,000 | 54,116,000 | 55,189,000 | 46,453,000 | 54,156,000 | 54,649,000 | 44,372,000 | 40,300,608 | 40,065,492 | 28,907,387 | 24,887,133 | 12,746,028 | |||||||||||||||||||||
interest and other expense | 261,000 | 152,000 | 606,000 | 286,000 | -115,000 | 11,000 | -315,000 | -156,000 | 14,500 | -191,000 | -150,000 | 399,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
less: net loss attributable to noncontrolling interests | -62,000 | -99,000 | -184,000 | -32,000 | 9,000 | 6,000 | 86,000 | 720,000 | 871,000 | 43,000 | 605,000 | 133,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net loss attributable to the company | -47,911,250 | -1,765,000 | -19,033,000 | -170,847,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net loss attributable to common stockholders | -49,751,750 | -4,219,000 | -21,487,000 | -173,301,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
loss per share: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net income per share | -0.02 | -0.02 | -0.1 | -0.82 | -1.04 | -0.4 | -0.36 | -0.17 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
gain on property insurance settlement | 6,000 | -1,730,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
interest and other income | -687,000 | -102,000 | -105,000 | -303,000 | -378,000 | -621,000 | -296,000 | -511,000 | -897,000 | -372,000 | -192,000 | -359,000 | -311,000 | -333,000 | -68,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
basic earnings per share | 0.06 | 0.06 | 0.14 | 0.04 | 0.078 | 0.15 | 0.14 | 0.02 | 0.13 | 0.11 | 0.18 | 0.04 | 0.12 | 0.15 | 0.22 | 0.08 | 0.075 | 0.12 | 0.12 | 0.27 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
diluted earnings per share | 0.06 | 0.06 | 0.14 | 0.04 | 0.078 | 0.15 | 0.14 | 0.02 | 0.13 | 0.11 | 0.18 | 0.04 | 0.12 | 0.15 | 0.22 | 0.08 | 0.075 | 0.12 | 0.12 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
hotel acquisition costs | -245,000 | 22,000 | 2,251,000 | 4,000 | 453,000 | 260,000 | 232,000 | 898,000 | 1,198,000 | 23,000 | 14,000 | 8,314,000 | 1,999,000 | 33,000 | 445,000 | 1,904,000 | 1,236,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
operating profit | 23,921,250 | 44,229,000 | 37,937,000 | 13,519,000 | 26,066,250 | 34,318,000 | 50,651,000 | 19,296,000 | 30,929,750 | 41,303,000 | 58,105,000 | 24,311,000 | 26,746,750 | 41,416,000 | 44,164,000 | 21,406,000 | 25,817,500 | 38,172,000 | 55,037,000 | 10,062,000 | 21,968,000 | 32,475,000 | 2,029,000 | -18,934,000 | 23,148,000 | 14,364,000 | 14,604,000 | 19,568,000 | 12,805,000 | 144,000 | 17,477,000 | 10,267,000 | 144,000 | 20,554,000 | 33,739,000 | 11,711,000 | 26,369,000 | 34,821,000 | 16,033,000 | 14,406,124 | 23,842,571 | 9,960,436 | 4,014,170 | ||||||||||||||||||||||||||||||||||||||||
yoy | -8.23% | 28.88% | -25.10% | -29.94% | -15.72% | -16.91% | -12.83% | -20.63% | 15.64% | -0.27% | 31.57% | 13.57% | 3.60% | 8.50% | -19.76% | 112.74% | 73.76% | 69.47% | 395.91% | -216.02% | 40.29% | -231.82% | 58.50% | -26.59% | 14.05% | 11.96% | 24.72% | 0.00% | -14.97% | -69.57% | -98.77% | -22.05% | -3.11% | -26.96% | 83.04% | 46.05% | 60.97% | 258.88% | |||||||||||||||||||||||||||||||||||||||||||||
qoq | -45.92% | 16.59% | 180.62% | -48.14% | -24.04% | -32.25% | 162.49% | -37.61% | -25.12% | -28.92% | 139.01% | -9.11% | -35.42% | -6.22% | 106.32% | -17.09% | -32.37% | -30.64% | 446.98% | -32.35% | 1500.54% | -181.80% | -1.64% | 52.82% | 8792.36% | 70.22% | 7029.86% | -39.08% | 188.10% | -24.27% | 117.18% | -39.58% | 139.37% | ||||||||||||||||||||||||||||||||||||||||||||||||||
operating margin % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 10.71% | 20.03% | 15.94% | 7.45% | 12.59% | 15.36% | 20.82% | 9.83% | 14.97% | 18.75% | 22.64% | 11.41% | 11.44% | 17.37% | 17.68% | 10.25% | 11.54% | 16.65% | 23.94% | 5.29% | NaN% | 10.43% | 14.49% | 1.12% | NaN% | -10.30% | 12.48% | 0% | NaN% | 8.02% | 8.62% | 0% | NaN% | 4.71% | 4.85% | 0.12% | NaN% | 4.37% | 3.92% | 0.12% | NaN% | 12.74% | 18.64% | 8.81% | NaN% | 15.69% | 19.39% | 11.99% | NaN% | 12.54% | 19.08% | 11.98% | NaN% | 6.14% | 0% |
gain on business interruption insurance | -2,000,000 | -6,027,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
gain on sale of hotel properties | -2,579,750 | -2,198,000 | -8,121,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
interest income | -50,000 | -174,000 | -35,000 | -60,000 | -90,000 | -261,000 | -156,000 | -957,000 | -1,652,000 | -1,660,000 | -1,659,000 | -1,285,000 | -60,000 | -154,000 | -63,000 | -24,000 | -268,000 | -81,000 | -650,000 | -367,000 | -83,000 | -265,000 | -183,000 | -83,000 | -487,000 | -671,000 | -597,000 | -1,295,971 | -1,207,161 | -183,369 | -654,201 | -284,049 | |||||||||||||||||||||||||||||||||||||||||||||||||||
other income | -34,000 | -91,000 | -167,000 | -38,000 | -12,500 | -50,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
gain on insurance proceeds | -554,000 | -608,000 | -663,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
gain on litigation settlement | -10,999,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
loss on sale of hotel property | -312,750 | 40,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
gain on hotel property acquisition | -23,894,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
gain on prepayment of note receivable | -13,550,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total other expenses (income) | 9,586,000 | 12,781,000 | 12,611,000 | -1,197,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
gain on sale of hotel property | -1,290,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
impairment of favorable lease asset | 786,000 | 468,000 | 1,286,000 | 1,286,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
basic and diluted earnings per share | 0.05 | 0.32 | 0.22 | 0.02 | 0.04 | 0.08 | -0.02 | 0.05 | 0.02 | -0.08 | -0.06 | -0.02 | -0.03 | -0.06 | 0.13 | 0.23 | 0.05 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
other expenses | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
income from continuing operations before income taxes | 68,048,000 | 47,541,000 | 56,234,000 | 9,157,000 | 19,678,000 | -31,606,000 | 10,792,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
income from continuing operations | 63,615,000 | 43,808,000 | 51,916,000 | 4,037,000 | 8,564,000 | 15,072,000 | 8,944,000 | 12,212,000 | 21,755,000 | 5,177,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
income from discontinued operations, net of taxes | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
continuing operations | 0.32 | 0.22 | 0.27 | 0.02 | 0.04 | 0.08 | -0.02 | -0.16 | 0.05 | -0.06 | 0.13 | 0.23 | 0.05 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
discontinued operations | -0.08 | 0.08 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
corporate and other expenses | 4,690,000 | 5,188,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
basic earnings per share: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
loss from continuing operations before income taxes | -2,811,000 | -10,269,000 | -15,741,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
income from discontinued operations, net of income taxes | 12,582,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
gain on early extinguishment of debt | -144,000 | -359,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
loss from discontinued operations, net of income taxes | -14,089,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
loss from continuing operations | -4,126,000 | -30,690,000 | -9,967,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
basic and diluted loss per share | -0.24 | -0.01 | -0.07 | -0.06 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
operating income | -4,480,000 | -1,929,000 | -1,999,144 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
income from discontinued operations, net of tax | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
earnings per share: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
basic and diluted | 0.17 | 0.21 | 0.07 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
income (loss) before income taxes | 6,644,413 | 15,725,470 | 4,336,100 | 512,122 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
earnings (loss) per share: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
basic and diluted | 0.09 | 0.2 | 0.08 | 0.04 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total other expenses/ | 3,502,048 | 3,346,421 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
loss per share: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
basic and diluted | -0.2 |
Balance Sheets:
Quarterly
Annual
| Unit: USD | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 | 2023-03-31 | 2022-12-31 | 2022-09-30 | 2022-06-30 | 2022-03-31 | 2021-12-31 | 2021-09-30 | 2021-06-30 | 2021-03-31 | 2020-12-31 | 2020-09-30 | 2020-06-30 | 2020-03-31 | 2019-12-31 | 2019-09-30 | 2019-06-30 | 2019-03-31 | 2018-12-31 | 2018-09-30 | 2018-06-30 | 2018-03-31 | 2017-12-31 | 2017-09-30 | 2017-06-30 | 2017-03-31 | 2016-12-31 | 2016-09-30 | 2016-06-30 | 2016-03-31 | 2015-12-31 | 2015-09-30 | 2015-06-30 | 2015-03-31 | 2014-12-31 | 2014-09-30 | 2014-06-30 | 2014-03-31 | 2013-12-31 | 2013-09-30 | 2013-06-30 | 2013-03-31 | 2012-12-31 | 2012-09-07 | 2012-06-15 | 2012-03-23 | 2011-12-31 | 2011-09-09 | 2011-06-17 | 2011-03-25 | 2010-12-31 | 2010-09-10 | 2010-06-18 | 2010-03-26 | 2009-12-31 | 2009-09-11 | 2009-06-19 | 2009-03-27 | 2008-12-31 | 2008-09-05 | 2008-06-13 | 2008-03-21 | 2007-09-07 | 2007-06-15 | 2007-03-23 | 2006-12-31 | 2006-09-08 | 2006-06-16 | 2006-03-24 | 2005-12-31 | 2005-09-09 | 2005-06-17 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
assets | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
property and equipment | 2,566,427,000 | 2,596,458,000 | 2,605,828,000 | 2,615,010,000 | 2,625,136,000 | 2,727,299,000 | 2,734,626,000 | 2,750,573,000 | 2,755,195,000 | 2,765,646,000 | 2,740,395,000 | 2,742,565,000 | 2,748,476,000 | 2,674,380,000 | 2,689,059,000 | 2,659,123,000 | 2,651,444,000 | 2,544,486,000 | 2,439,555,000 | 2,677,156,000 | 2,817,356,000 | 3,013,989,000 | 3,029,905,000 | 3,047,009,000 | 3,026,769,000 | 3,008,023,000 | 2,979,486,000 | 2,942,350,000 | 2,944,617,000 | 2,802,889,000 | 2,806,510,000 | 2,810,965,000 | 2,692,286,000 | 2,688,214,000 | 2,739,193,000 | 2,753,516,000 | 2,646,676,000 | 2,642,034,000 | 2,641,298,000 | 2,885,341,000 | 2,882,176,000 | 2,885,190,000 | 2,896,383,000 | 2,816,015,000 | 2,764,393,000 | 2,722,993,000 | 870,562,399 | |||||||||||||||||||||||||||||||||||
assets held for sale | 37,565,000 | 62,035,000 | 41,819,000 | 263,399,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
right-of-use assets | 95,243,000 | 89,041,000 | 89,264,000 | 89,485,000 | 89,707,000 | 96,512,000 | 96,823,000 | 97,151,000 | 97,692,000 | 97,552,000 | 97,834,000 | 98,747,000 | 99,047,000 | 99,332,000 | 99,617,000 | 97,067,000 | 100,212,000 | 100,499,000 | 99,982,000 | 96,376,000 | 96,673,000 | 96,956,000 | 97,242,000 | 97,538,000 | 98,145,000 | 98,496,000 | 98,833,000 | 99,316,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
restricted cash | 37,023,000 | 35,137,000 | 50,081,000 | 51,155,000 | 49,638,000 | 44,493,000 | 45,205,000 | 45,180,000 | 45,576,000 | 42,503,000 | 37,535,000 | 46,039,000 | 39,614,000 | 45,989,000 | 42,354,000 | 38,882,000 | 36,887,000 | 31,333,000 | 26,686,000 | 24,120,000 | 23,050,000 | 31,478,000 | 36,359,000 | 47,072,000 | 57,268,000 | 49,579,000 | 47,561,000 | 46,855,000 | 47,735,000 | 42,624,000 | 41,564,000 | 38,395,000 | 40,204,000 | 42,317,000 | 41,481,000 | 48,754,000 | 46,069,000 | 47,661,000 | 45,644,000 | 56,997,000 | 59,339,000 | 55,656,000 | 60,203,000 | 61,817,000 | 74,730,000 | 98,394,000 | 95,672,000 | 97,949,000 | 89,106,000 | 86,556,000 | 88,115,000 | 90,107,000 | 76,131,000 | 60,263,000 | 61,026,000 | 56,099,000 | 53,871,000 | 65,645,000 | 75,812,000 | 78,621,000 | 51,936,000 | 48,242,000 | 40,817,000 | 37,120,000 | 31,274,000 | 33,732,000 | 30,176,000 | 28,534,000 | 30,060,000 | 35,043,000 | 34,138,000 | 34,490,000 | 28,045,000 | 28,628,000 | 24,905,000 | 28,595,000 | 27,070,515 | 24,850,596 | 23,373,763 | 33,035,939 | 19,551,276 | |
due from hotel managers | 161,239,000 | 137,787,000 | 173,677,000 | 171,819,000 | 160,991,000 | 167,959,000 | 171,793,000 | 155,744,000 | 144,689,000 | 167,695,000 | 164,193,000 | 149,005,000 | 176,708,000 | 182,845,000 | 174,407,000 | 154,199,000 | 120,671,000 | 109,500,000 | 89,326,000 | 72,172,000 | 69,495,000 | 67,951,000 | 62,129,000 | 72,396,000 | 91,207,000 | 114,125,000 | 111,107,000 | 99,959,000 | 86,914,000 | 100,613,000 | 100,253,000 | 100,343,000 | 86,621,000 | 98,292,000 | 99,150,000 | 91,859,000 | 77,928,000 | 87,019,000 | 90,839,000 | 94,643,000 | 86,698,000 | 102,222,000 | 100,323,000 | 88,561,000 | 79,827,000 | 89,693,000 | 81,819,000 | 76,056,000 | 69,353,000 | 80,690,000 | 86,129,000 | 71,208,000 | 68,532,000 | 70,569,000 | 67,433,000 | 51,674,000 | 50,728,000 | 65,454,000 | 60,340,000 | 51,228,000 | 50,715,000 | 70,172,000 | 66,243,000 | 50,365,000 | 45,200,000 | 51,563,000 | 53,297,000 | 56,562,000 | 61,062,000 | 68,316,000 | 72,460,000 | 66,780,000 | 66,156,000 | 70,381,000 | 58,125,000 | 57,753,000 | 42,828,456 | 50,301,469 | 45,012,152 | 34,543,143 | 3,190,795 | |
prepaid and other assets | 73,252,000 | 77,194,000 | 82,217,000 | 81,444,000 | 75,504,000 | 69,773,000 | 74,986,000 | 70,085,000 | 73,940,000 | 80,188,000 | 86,224,000 | 70,657,000 | 76,131,000 | 69,792,000 | 67,656,000 | 98,375,000 | 17,472,000 | 19,335,000 | 20,582,000 | 24,400,000 | 28,403,000 | 33,194,000 | 24,795,000 | 19,201,000 | 29,853,000 | 18,249,000 | 16,567,000 | 15,880,000 | 10,506,000 | 16,330,000 | 33,168,000 | 36,220,000 | 71,488,000 | 77,694,000 | 40,640,000 | 35,682,000 | 37,682,000 | 47,693,000 | 52,494,000 | 45,779,000 | 46,078,000 | 53,671,000 | 54,314,000 | 52,040,000 | 52,739,000 | 52,480,000 | 83,618,000 | 76,946,000 | 79,474,000 | 81,000,000 | 77,904,000 | 71,131,000 | 73,814,000 | 68,890,000 | 69,875,000 | 67,372,000 | 65,900,000 | 71,445,000 | 75,232,000 | 70,544,000 | 50,089,000 | 56,110,000 | 60,275,000 | 57,230,000 | 58,607,000 | 35,396,000 | 38,219,000 | 31,756,000 | 33,414,000 | 19,784,000 | 21,065,000 | 17,276,000 | 12,985,000 | 12,636,000 | 12,374,000 | 12,676,000 | 20,608,389 | 10,750,168 | 14,524,944 | 4,464,554 | 2,350,923 | |
cash and cash equivalents | 39,293,000 | 68,084,000 | 145,336,000 | 52,402,000 | 100,621,000 | 75,287,000 | 125,219,000 | 120,064,000 | 121,595,000 | 102,737,000 | 98,556,000 | 76,503,000 | 67,564,000 | 313,871,000 | 71,713,000 | 41,581,000 | 38,620,000 | 66,499,000 | 192,942,000 | 99,827,000 | 111,796,000 | 110,555,000 | 87,837,000 | 387,825,000 | 122,524,000 | 26,723,000 | 41,904,000 | 36,523,000 | 43,863,000 | 169,654,000 | 134,552,000 | 69,092,000 | 183,569,000 | 166,619,000 | 149,645,000 | 112,429,000 | 243,095,000 | 235,965,000 | 166,548,000 | 48,903,000 | 213,584,000 | 61,977,000 | 84,123,000 | 87,155,000 | 144,365,000 | 119,069,000 | 253,900,000 | 111,482,000 | 144,584,000 | 43,448,000 | 54,251,000 | 77,375,000 | 9,623,000 | 21,604,000 | 104,824,000 | 128,570,000 | 26,291,000 | 28,777,000 | 20,918,000 | 186,422,000 | 84,201,000 | 61,281,000 | 155,418,000 | 181,402,000 | 177,380,000 | 119,256,000 | 51,557,000 | 14,283,000 | 13,830,000 | 23,642,000 | 24,937,000 | 19,074,000 | 25,702,000 | 23,266,000 | 17,424,000 | 19,691,000 | 93,082,205 | 108,881,304 | 13,301,764 | 9,431,741 | 9,968,037 | 273,125,031 |
total assets | 3,010,042,000 | 3,003,701,000 | 3,146,403,000 | 3,061,315,000 | 3,101,597,000 | 3,181,323,000 | 3,248,652,000 | 3,238,797,000 | 3,238,687,000 | 3,256,321,000 | 3,224,737,000 | 3,183,516,000 | 3,207,540,000 | 3,386,209,000 | 3,144,806,000 | 3,089,227,000 | 2,965,306,000 | 2,871,652,000 | 2,869,073,000 | 2,994,051,000 | 3,146,773,000 | 3,354,123,000 | 3,338,267,000 | 3,671,041,000 | 3,425,766,000 | 3,315,195,000 | 3,295,458,000 | 3,240,883,000 | 3,197,580,000 | 3,178,326,000 | 3,162,442,000 | 3,101,746,000 | 3,100,858,000 | 3,099,931,000 | 3,097,011,000 | 3,068,748,000 | 3,069,463,000 | 3,078,448,000 | 3,076,996,000 | 3,155,529,000 | 3,320,457,000 | 3,190,347,000 | 3,227,268,000 | 3,146,664,000 | 3,158,351,000 | 3,125,676,000 | 3,091,722,000 | 3,016,843,000 | 3,047,772,000 | 2,997,226,000 | 3,004,858,000 | 3,016,159,000 | 2,944,042,000 | 2,973,242,000 | 2,616,176,000 | 2,630,452,000 | 2,798,635,000 | 2,837,605,000 | 2,802,110,000 | 2,548,787,000 | 2,414,609,000 | 2,422,405,000 | 2,413,397,000 | 2,214,031,000 | 2,215,491,000 | 2,161,615,000 | 2,108,683,000 | 2,080,992,000 | 2,102,536,000 | 2,120,145,000 | 2,138,323,000 | 2,130,325,000 | 2,147,050,000 | 2,155,040,000 | 2,141,364,000 | 1,818,965,000 | 1,522,169,572 | 1,534,300,618 | 1,370,918,497 | 966,012,282 | 890,935,504 | 657,791,443 |
liabilities and equity | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
liabilities: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
debt, net of unamortized debt issuance costs | 1,098,944,000 | 1,098,850,000 | 1,098,756,000 | 1,020,320,000 | 1,092,941,000 | 1,097,215,000 | 1,172,479,000 | 1,174,733,000 | 1,177,005,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
lease liabilities | 96,587,000 | 87,053,000 | 86,585,000 | 86,123,000 | 85,674,000 | 114,387,000 | 113,779,000 | 113,201,000 | 112,866,000 | 111,832,000 | 111,233,000 | 111,437,000 | 110,875,000 | 110,287,000 | 109,708,000 | 109,149,000 | 108,605,000 | 107,939,000 | 106,480,000 | 105,583,000 | 104,973,000 | 104,275,000 | 103,588,000 | 102,923,000 | 103,625,000 | 102,970,000 | 102,324,000 | 101,801,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
due to hotel managers | 122,531,000 | 109,568,000 | 132,574,000 | 131,948,000 | 123,724,000 | 126,011,000 | 131,683,000 | 119,178,000 | 116,522,000 | 122,746,000 | 119,706,000 | 110,270,000 | 123,682,000 | 123,837,000 | 106,048,000 | 102,879,000 | 85,493,000 | 84,464,000 | 86,071,000 | 81,821,000 | 95,548,000 | 94,473,000 | 80,524,000 | 69,514,000 | 72,445,000 | 81,426,000 | 77,557,000 | 78,373,000 | 72,678,000 | 64,879,000 | 68,693,000 | 89,738,000 | 74,213,000 | 70,972,000 | 63,774,000 | 72,738,000 | 58,294,000 | 55,350,000 | 59,579,000 | 67,973,000 | 65,350,000 | 68,399,000 | 66,965,000 | 62,636,000 | 59,169,000 | 57,340,000 | 51,531,000 | 54,914,000 | 54,225,000 | 55,785,000 | 55,631,000 | 50,549,000 | 51,003,000 | 49,115,000 | 44,049,000 | 41,740,000 | 41,676,000 | 42,487,000 | 37,408,000 | 36,626,000 | 36,168,000 | 41,529,000 | 39,319,000 | 30,336,000 | 29,847,000 | 30,656,000 | 32,185,000 | 34,410,000 | 35,196,000 | 36,088,000 | 36,048,000 | 38,272,000 | 34,681,000 | 37,899,000 | 32,975,000 | 34,545,000 | 22,888,703 | 28,164,208 | 27,914,641 | 21,649,144 | 680,226 | |
liabilities of assets held for sale | 35,183,000 | 1,137,000 | 1,735,000 | 3,805,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
deferred rent | 78,520,000 | 77,405,000 | 76,680,000 | 75,614,000 | 74,584,000 | 72,576,000 | 71,554,000 | 70,638,000 | 69,209,000 | 68,291,000 | 67,260,000 | 66,205,000 | 65,097,000 | 64,132,000 | 63,064,000 | 61,955,000 | 60,800,000 | 58,770,000 | 58,633,000 | 57,492,000 | 56,344,000 | 55,270,000 | 54,186,000 | 53,050,000 | 52,012,000 | 51,020,000 | 49,939,000 | 48,539,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
unfavorable contract liabilities | 56,135,000 | 56,549,000 | 56,964,000 | 57,378,000 | 57,793,000 | 58,622,000 | 59,037,000 | 59,452,000 | 59,866,000 | 59,825,000 | 60,240,000 | 60,654,000 | 61,069,000 | 61,484,000 | 61,898,000 | 62,313,000 | 62,780,000 | 63,340,000 | 63,916,000 | 64,381,000 | 64,796,000 | 64,564,000 | 66,412,000 | 66,856,000 | 67,422,000 | 67,997,000 | 68,547,000 | 69,231,000 | 73,151,000 | 73,977,000 | 74,297,000 | 75,459,000 | 70,734,000 | 71,212,000 | 71,690,000 | 72,168,000 | 72,646,000 | 73,123,000 | 73,601,000 | 74,079,000 | 74,657,000 | 75,135,000 | 75,613,000 | 76,101,000 | 76,220,000 | 76,689,000 | 77,157,000 | 77,625,000 | 78,093,000 | 78,633,000 | 79,103,000 | 79,573,000 | 80,043,000 | 80,619,000 | 81,050,000 | 81,483,000 | 81,914,000 | 82,490,000 | 82,923,000 | 83,188,000 | 83,613,000 | 84,181,000 | 81,890,000 | 82,287,000 | 82,684,000 | 83,213,000 | 83,610,000 | 84,007,000 | 84,403,000 | 84,933,000 | 85,329,000 | 85,726,000 | 86,652,000 | 87,049,000 | 87,446,000 | 87,843,000 | 88,371,703 | 88,768,528 | ||||
accounts payable and accrued expenses | 42,300,000 | 83,888,000 | 92,466,000 | 80,477,000 | 68,250,000 | 39,944,000 | 36,887,000 | 37,926,000 | 39,563,000 | 48,940,000 | 39,811,000 | 40,927,000 | 43,120,000 | 41,190,000 | 43,162,000 | 41,331,000 | 51,238,000 | 42,324,000 | 33,502,000 | 39,052,000 | 46,404,000 | 82,026,000 | 63,424,000 | 78,807,000 | 81,944,000 | 70,561,000 | 57,314,000 | 40,716,000 | 51,395,000 | 61,177,000 | 44,879,000 | 55,441,000 | 57,845,000 | 56,618,000 | 54,936,000 | 57,723,000 | 55,054,000 | 59,247,000 | 54,981,000 | 51,454,000 | 128,982,000 | 121,600,000 | 118,786,000 | 105,872,000 | 113,162,000 | 100,799,000 | 96,626,000 | 88,564,000 | 102,214,000 | 94,845,000 | 91,025,000 | 92,876,000 | 88,879,000 | 81,615,000 | 79,791,000 | 76,549,000 | 87,963,000 | 91,397,000 | 87,827,000 | 80,628,000 | 81,232,000 | 84,063,000 | 75,536,000 | 70,286,000 | 79,104,000 | 53,018,000 | 54,189,000 | 56,720,000 | 66,624,000 | 54,909,000 | 59,309,000 | 61,831,000 | 45,345,000 | 41,174,000 | 34,856,000 | 42,512,000 | 31,437,386 | 30,120,132 | 24,484,030 | 12,270,323 | 7,668,851 | |
distributions declared and unpaid | 19,472,000 | 25,903,000 | 17,430,000 | 17,394,000 | 17,334,000 | 6,664,000 | 6,067,000 | 6,186,000 | 6,324,000 | 6,380,000 | 6,437,000 | 6,500,000 | 12,946,000 | 6,489,000 | 138,000 | 138,000 | 138,000 | 143,000 | 25,815,000 | 25,771,000 | 25,667,000 | 25,734,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
deferred income related to key money | 6,990,000 | 7,400,000 | 7,482,000 | 7,563,000 | 7,645,000 | 8,026,000 | 8,134,000 | 8,241,000 | 8,349,000 | 8,457,000 | 8,565,000 | 8,672,000 | 8,780,000 | 8,888,000 | 8,996,000 | 9,103,000 | 8,203,000 | 7,753,000 | 7,809,000 | 10,847,000 | 10,946,000 | 11,045,000 | 11,144,000 | 11,243,000 | 11,342,000 | 11,441,000 | 11,541,000 | 11,640,000 | 11,739,000 | 11,838,000 | 11,937,000 | 12,036,000 | 14,307,000 | 17,028,000 | 19,025,000 | 19,359,000 | 20,067,000 | 20,776,000 | 21,485,000 | 22,851,000 | 23,568,000 | 20,722,000 | 21,027,000 | 21,294,000 | 21,561,000 | 22,889,000 | 23,162,000 | 23,435,000 | 23,707,000 | 23,900,000 | 24,168,000 | 24,097,000 | 24,362,000 | 24,414,000 | 24,408,000 | 24,445,000 | 24,593,000 | 22,216,000 | 20,564,000 | 19,124,000 | 19,199,000 | 19,373,000 | 19,503,000 | 19,633,000 | 19,763,000 | 19,937,000 | 20,067,000 | 20,197,000 | 20,328,000 | 20,501,000 | 20,631,000 | 20,762,000 | 16,250,000 | 11,332,000 | 11,413,000 | 11,495,000 | 11,604,401 | 10,176,580 | 10,243,951 | 6,383,518 | 6,425,826 | |
total liabilities | 1,556,662,000 | 1,546,616,000 | 1,568,937,000 | 1,476,817,000 | 1,527,945,000 | 1,523,445,000 | 1,599,620,000 | 1,589,555,000 | 1,589,704,000 | 1,605,722,000 | 1,594,680,000 | 1,588,243,000 | 1,611,362,000 | 1,782,747,000 | 1,562,890,000 | 1,560,307,000 | 1,444,342,000 | 1,347,378,000 | 1,342,658,000 | 1,448,846,000 | 1,427,848,000 | 1,511,934,000 | 1,531,702,000 | 1,794,444,000 | 1,504,704,000 | 1,504,841,000 | 1,469,648,000 | 1,410,941,000 | 1,306,987,000 | 1,262,113,000 | 1,251,143,000 | 1,283,997,000 | 1,267,213,000 | 1,267,309,000 | 1,262,269,000 | 1,247,451,000 | 1,232,676,000 | 1,234,071,000 | 1,239,232,000 | 1,338,694,000 | 1,495,852,000 | 1,367,594,000 | 1,405,196,000 | 1,325,977,000 | 1,403,478,000 | 1,394,603,000 | 1,353,127,000 | |||||||||||||||||||||||||||||||||||
equity: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
common stock, 0.01 par value... | 2,046,000 | 2,037,000 | 2,039,000 | 2,053,000 | 2,069,000 | 2,073,000 | 2,079,000 | 2,100,000 | 2,096,000 | 2,096,000 | 2,095,000 | 2,098,000 | 2,094,000 | 2,109,000 | 2,109,000 | 2,109,000 | 2,107,000 | 2,106,000 | 2,103,000 | 2,103,000 | 2,101,000 | 1,995,000 | 1,995,000 | 1,992,000 | 2,002,000 | 2,002,000 | 2,005,000 | 2,015,000 | 2,045,000 | 2,078,000 | 2,078,000 | 2,006,000 | 2,003,000 | 2,003,000 | 2,003,000 | 2,003,000 | 2,002,000 | 2,008,000 | 2,009,000 | 2,008,000 | 2,007,000 | 2,007,000 | 2,007,000 | 2,007,000 | 2,000,000 | 1,957,000 | 1,957,000 | 1,957,000 | 1,955,000 | 1,955,000 | 1,955,000 | 1,954,000 | 1,951,000 | 1,951,000 | 1,679,000 | 1,679,000 | 1,675,000 | 1,675,000 | 1,674,000 | 1,674,000 | ||||||||||||||||||||||
additional paid-in capital | 2,117,350,000 | 2,114,438,000 | 2,233,400,000 | 2,243,618,000 | 2,253,718,000 | 2,269,938,000 | 2,274,223,000 | 2,290,288,000 | 2,291,297,000 | 2,289,501,000 | 2,287,348,000 | 2,286,824,000 | 2,288,433,000 | 2,298,866,000 | 2,296,864,000 | 2,294,129,000 | 2,293,990,000 | 2,292,180,000 | 2,288,070,000 | 2,285,509,000 | 2,285,491,000 | 2,198,376,000 | 2,082,601,000 | 2,079,534,000 | 2,089,349,000 | 2,087,937,000 | 2,089,745,000 | 2,097,691,000 | 2,126,472,000 | 2,157,968,000 | 2,158,336,000 | 2,066,584,000 | 2,061,451,000 | 2,059,919,000 | 2,058,380,000 | 2,056,255,000 | 2,055,365,000 | 2,059,638,000 | 2,059,760,000 | 2,057,664,000 | 2,056,878,000 | 2,055,467,000 | 2,053,938,000 | 2,052,091,000 | 2,045,755,000 | 1,981,980,000 | 1,980,498,000 | 1,978,800,000 | 1,979,613,000 | 1,978,505,000 | 1,977,520,000 | 1,976,473,000 | 1,976,200,000 | 1,983,404,000 | 1,707,879,000 | 1,706,490,000 | 1,708,427,000 | 1,707,240,000 | 1,706,887,000 | 1,705,618,000 | 1,558,047,000 | 1,557,002,000 | 1,556,169,000 | 1,370,165,000 | 1,311,053,000 | 1,238,747,000 | 1,184,893,000 | 1,101,588,000 | 1,100,541,000 | 1,099,066,000 | 1,144,108,000 | 1,145,940,000 | 1,144,666,000 | 1,146,545,000 | 1,145,320,000 | 826,918,000 | 728,867,133 | 731,100,540 | 492,540,387 | 491,450,709 | 489,250,873 | |
accumulated other comprehensive loss | -4,797,000 | -6,381,000 | -5,934,000 | -5,473,000 | -4,511,000 | -5,997,000 | -2,077,000 | -781,000 | -2,036,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
distributions in excess of earnings | -666,433,000 | -662,209,000 | -661,187,000 | -664,721,000 | -686,428,000 | -616,934,000 | -633,919,000 | -649,757,000 | -649,330,000 | -651,533,000 | -670,063,000 | -700,287,000 | -700,694,000 | -703,747,000 | -723,294,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total stockholders’ equity | 1,448,166,000 | 1,568,366,000 | 1,575,525,000 | 1,564,896,000 | 1,649,128,000 | 1,640,354,000 | 1,641,898,000 | 1,643,914,000 | 1,623,258,000 | 1,588,836,000 | 1,597,276,000 | 1,575,727,000 | 1,522,929,000 | 1,518,797,000 | 1,518,903,000 | 1,537,828,000 | 1,833,784,000 | 1,798,398,000 | 1,868,106,000 | 1,802,357,000 | 1,817,901,000 | 1,822,262,000 | 1,916,213,000 | 1,911,299,000 | 1,817,749,000 | 1,833,645,000 | 1,832,622,000 | 1,834,742,000 | 1,821,297,000 | 1,836,787,000 | 1,844,377,000 | 1,837,764,000 | 1,816,835,000 | 1,824,605,000 | 1,822,753,000 | 1,822,072,000 | 1,820,687,000 | 1,828,987,000 | 1,722,198,000 | 1,697,119,000 | 1,663,716,000 | 1,680,691,000 | 1,666,758,000 | 1,673,938,000 | 1,674,541,000 | 1,695,113,000 | 1,701,402,000 | 1,486,099,000 | 1,489,304,000 | 1,502,157,000 | 1,509,558,000 | 1,523,745,000 | 1,536,556,000 | 1,413,517,000 | 1,410,603,000 | 1,413,305,000 | 1,226,226,000 | 1,175,506,000 | 1,153,938,000 | 1,099,247,000 | 1,013,306,000 | 1,017,632,000 | ||||||||||||||||||||
noncontrolling interests | 5,214,000 | 9,200,000 | 9,100,000 | 8,973,000 | 8,756,000 | 8,750,000 | 8,678,000 | 7,344,000 | 6,908,000 | 6,685,000 | 6,799,000 | 6,437,000 | 6,297,000 | 6,186,000 | 6,189,000 | 5,991,000 | 5,750,000 | 5,477,000 | 7,512,000 | 7,377,000 | 7,816,000 | 8,405,000 | 8,167,000 | 8,491,000 | 8,572,000 | 7,997,000 | 7,909,000 | 7,680,000 | 7,696,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
total equity | 1,453,380,000 | 1,457,085,000 | 1,577,466,000 | 1,584,498,000 | 1,573,652,000 | 1,657,878,000 | 1,649,032,000 | 1,649,242,000 | 1,648,983,000 | 1,650,599,000 | 1,630,057,000 | 1,595,273,000 | 1,596,178,000 | 1,603,462,000 | 1,581,916,000 | 1,528,920,000 | 1,520,964,000 | 1,524,274,000 | 1,526,415,000 | 1,545,205,000 | 1,718,925,000 | 1,842,189,000 | 1,806,565,000 | 1,876,597,000 | 1,921,062,000 | 1,810,354,000 | 1,825,810,000 | 1,829,942,000 | 1,890,593,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
total liabilities and equity | 3,010,042,000 | 3,003,701,000 | 3,146,403,000 | 3,061,315,000 | 3,101,597,000 | 3,181,323,000 | 3,248,652,000 | 3,238,797,000 | 3,238,687,000 | 3,256,321,000 | 3,224,737,000 | 3,183,516,000 | 3,207,540,000 | 3,386,209,000 | 3,144,806,000 | 3,089,227,000 | 2,965,306,000 | 2,871,652,000 | 2,869,073,000 | 2,994,051,000 | 3,146,773,000 | 3,354,123,000 | 3,338,267,000 | 3,671,041,000 | 3,425,766,000 | 3,315,195,000 | 3,295,458,000 | 3,240,883,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
preferred stock, 0.01 par value... | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
8.250% series a cumulative redeemable preferred stock (liquidation preference 25.00 per share), no shares issued and outstanding at december 31, 2025; 4,760,000 shares issued and outstanding at december 31, 2024 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total stockholders' equity | 1,447,885,000 | 1,642,075,000 | 1,589,881,000 | 1,515,214,000 | 1,711,109,000 | 1,912,490,000 | 1,882,897,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
8.250% series a cumulative redeemable preferred stock (liquidation preference 25.00 per share), 4,760,000 shares issued and outstanding at september 30, 2025 and december 31, 2024 | 48,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
8.250% series a cumulative redeemable preferred stock (liquidation preference 25.00 per share), 4,760,000 shares issued and outstanding at june 30, 2025 and december 31, 2024 | 48,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
8.250% series a cumulative redeemable preferred stock (liquidation preference 25.00 per share), 4,760,000 shares issued and outstanding at march 31, 2025 and december 31, 2024 | 48,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
8.250% series a cumulative redeemable preferred stock (liquidation preference 25.00 per share), 4,760,000 shares issued and outstanding at september 30, 2024 and december 31, 2023 | 48,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
8.250% series a cumulative redeemable preferred stock (liquidation preference 25.00 per share), 4,760,000 shares issued and outstanding at june 30, 2024 and december 31, 2023 | 48,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
8.250% series a cumulative redeemable preferred stock (liquidation preference 25.00 per share), 4,760,000 shares issued and outstanding at march 31, 2024 and december 31, 2023 | 48,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
8.250% series a cumulative redeemable preferred stock (liquidation preference 25.00 per share), 4,760,000 shares issued and outstanding at december 31, 2023 and 2022 | 48,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
mortgage and other debt, net of unamortized debt issuance costs | 379,914,000 | 382,157,000 | 384,374,000 | 386,655,000 | 567,369,000 | 571,192,000 | 574,909,000 | 578,651,000 | 584,365,000 | 587,972,000 | 591,544,000 | 595,149,000 | 601,715,000 | 605,034,000 | 613,067,000 | 616,329,000 | 619,956,000 | 623,273,000 | 626,553,000 | 629,747,000 | 633,139,000 | 636,139,000 | 639,334,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
unsecured term loans, net of unamortized debt issuance costs | 799,337,000 | 799,271,000 | 799,204,000 | 799,138,000 | 799,071,000 | 398,822,000 | 398,668,000 | 398,572,000 | 398,423,000 | 398,275,000 | 398,126,000 | 398,550,000 | 398,443,000 | 398,267,000 | 398,841,000 | 398,770,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
senior unsecured credit facility | 200,000,000 | 200,000,000 | 90,000,000 | 100,000,000 | 55,000,000 | 99,985,000 | 148,985,000 | 400,000,000 | 75,000,000 | 75,000,000 | 105,000,000 | 60,000,000 | 60,000,000 | 25,000,000 | 90,000,000 | 41,320,000 | 10,000,000 | 20,000,000 | 120,000,000 | 100,000,000 | 130,000,000 | 115,000,000 | 52,000,000 | 57,000,000 | 76,000,000 | 32,000,000 | 14,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
total debt | 1,179,251,000 | 1,181,428,000 | 1,183,578,000 | 1,185,793,000 | 1,366,440,000 | 1,170,014,000 | 1,173,577,000 | 1,067,223,000 | 982,788,000 | 986,247,000 | 1,089,670,000 | 1,048,699,000 | 1,100,143,000 | 1,152,286,000 | 1,411,908,000 | 1,090,099,000 | 1,093,655,000 | 1,076,759,000 | 1,034,907,000 | 977,966,000 | 931,637,000 | 934,522,000 | 937,602,000 | 937,792,000 | 940,805,000 | 943,720,000 | 918,009,000 | 920,539,000 | 922,962,000 | 925,294,000 | 1,025,526,000 | 1,177,696,000 | 1,056,198,000 | 1,097,326,000 | 1,034,660,000 | 1,038,330,000 | 1,125,309,000 | 1,125,732,000 | 1,088,259,000 | 1,091,861,000 | 1,060,299,000 | 1,064,074,000 | 1,077,661,000 | 988,731,000 | 1,018,471,000 | 900,624,000 | 903,331,000 | 1,042,933,000 | 1,075,888,000 | 1,036,094,000 | 779,143,000 | 780,880,000 | 782,656,000 | 783,844,000 | 785,263,000 | 786,777,000 | 820,853,000 | 819,385,000 | 872,352,000 | 878,353,000 | 898,563,000 | 855,117,000 | 837,846,000 | 863,981,000 | 868,489,000 | 864,373,000 | 843,771,000 | 664,818,622 | 665,495,423 | 750,825,789 | 431,177,057 | 366,013,177 | 159,309,226 | |||||||||
8.250% series a cumulative redeemable preferred stock (liquidation preference 25.00 per share), 4,760,000 shares issued and outstanding at september 30, 2023 and december 31, 2022 | 48,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
accumulated other comprehensive income | 3,802,000 | 3,830,000 | 153,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
8.250% series a cumulative redeemable preferred stock (liquidation preference 25.00 per share), 4,760,000 shares issued and outstanding at june 30, 2023 and december 31, 2022 | 48,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
8.250% series a cumulative redeemable preferred stock (liquidation preference 25.00 per share), 4,760,000 shares issued and outstanding at march 31, 2023 and december 31, 2022 | 48,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
8.250% series a cumulative redeemable preferred stock (liquidation preference 25.00 per share), 4,760,000 shares issued and outstanding at december 31, 2022 and 2021 | 48,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
8.250% series a cumulative redeemable preferred stock (liquidation preference 25.00 per share), 4,760,000 shares issued and outstanding at september 30, 2022 and december 31, 2021 | 48,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
8.250% series a cumulative redeemable preferred stock (liquidation preference 25.00 per share), 4,760,000 shares issued and outstanding at june 30, 2022 and december 31, 2021 | 48,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
8.250% series a cumulative redeemable preferred stock (liquidation preference 25.00 per share), 4,760,000 shares issued and outstanding at march 31, 2022 and december 31, 2021 | 48,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
accumulated deficit | -773,357,000 | -775,537,000 | -771,318,000 | -749,832,000 | -576,531,000 | -366,635,000 | -286,198,000 | -213,420,000 | -178,861,000 | -287,582,000 | -273,849,000 | -277,444,000 | -245,620,000 | -243,833,000 | -249,115,000 | -250,841,000 | -229,809,000 | -229,300,000 | -225,641,000 | -236,961,000 | -220,580,000 | -217,269,000 | -224,005,000 | -242,837,000 | -234,280,000 | -234,721,000 | -233,873,000 | -233,411,000 | -218,768,000 | -261,739,000 | -285,336,000 | -317,041,000 | -300,877,000 | -313,702,000 | -305,537,000 | -303,886,000 | -283,038,000 | -283,953,000 | -223,459,000 | -218,865,000 | -207,945,000 | -199,357,000 | -184,816,000 | -170,736,000 | -146,076,000 | -147,945,000 | -144,410,000 | -145,250,000 | -136,790,000 | -85,965,000 | -86,726,000 | -89,183,000 | -83,810,000 | -68,392,000 | -61,340,000 | -58,910,000 | -42,752,000 | -39,358,306 | -32,991,504 | -34,050,620 | -21,660,253 | -13,203,691 | ||||||||||||||||||||
8.250% series a cumulative redeemable preferred stock (liquidation preference 25.00 per share), 4,760,000 shares issued and outstanding at december 31, 2021 and 2020 | 48,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
deficit | -780,931,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
8.250% series a cumulative redeemable preferred stock (liquidation preference 25.00 per share), 4,760,000 shares issued and outstanding at september 30, 2021 and december 31, 2020 | 48,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
8.250% series a cumulative redeemable preferred stock (liquidation preference 25.00 per share), 4,760,000 shares issued and outstanding at june 30, 2021 and december 31, 2020 | 48,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
8.250% series a cumulative redeemable preferred stock (liquidation preference 25.00 per share), 4,760,000 shares issued and outstanding at march 31, 2021 and december 31, 2020 | 48,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
8.250% series a cumulative redeemable preferred stock (liquidation preference 25.00 per share), 4,760,000 and no shares issued and outstanding at december 31, 2020 and 2019, respectively | 48,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
8.250% series a cumulative redeemable preferred stock (liquidation preference 25.00 per share), 4,760,000 and no shares issued and outstanding at september 30, 2020 and december 31, 2019, respectively | 48,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
favorable lease assets | 63,945,000 | 46,216,000 | 46,395,000 | 46,731,000 | 26,690,000 | 26,795,000 | 26,902,000 | 26,508,000 | 18,013,000 | 18,076,000 | 18,138,000 | 23,866,000 | 23,955,000 | 24,057,000 | 24,171,000 | 33,338,000 | 34,274,000 | 34,425,000 | 34,576,000 | 39,677,000 | 39,936,000 | 40,194,000 | 40,452,000 | 40,711,000 | 40,972,000 | 40,746,000 | 42,355,000 | 43,054,000 | 43,285,000 | 43,594,000 | 43,825,000 | 42,430,000 | 42,622,000 | 42,880,000 | 36,970,000 | 37,145,000 | 37,319,000 | 38,809,000 | 38,983,000 | 40,444,000 | 40,619,000 | 41,546,000 | 41,721,000 | 41,896,000 | 42,303,000 | 42,477,000 | ||||||||||||||||||||||||||||||||||||
term loans, net of unamortized debt issuance costs | 398,699,000 | 348,486,000 | 348,354,000 | 348,219,000 | 298,498,000 | 298,383,000 | 298,268,000 | 298,153,000 | 298,037,000 | 297,922,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
deferred ground rent | 93,719,000 | 91,957,000 | 90,254,000 | 88,116,000 | 86,614,000 | 85,047,000 | 83,576,000 | 81,990,000 | 80,509,000 | 79,027,000 | 77,572,000 | 71,322,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
dividends and distributions declared and unpaid | 26,339,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total liabilities, noncontrolling interests and stockholders’ equity | 3,197,580,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
liabilities and stockholders’ equity | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
dividends declared and unpaid | 26,648,000 | 26,561,000 | 25,605,000 | 25,708,000 | 25,627,000 | 25,548,000 | 25,464,000 | 25,567,000 | 23,586,000 | 25,583,000 | 25,489,000 | 25,599,000 | 25,540,000 | 25,479,000 | 25,414,000 | 20,922,000 | 20,452,000 | 20,395,000 | 20,330,000 | 16,981,000 | 17,006,000 | 16,919,000 | 16,862,000 | 15,911,000 | 15,871,000 | 155,000 | 13,600,000 | 13,594,000 | 13,569,000 | 13,549,000 | 13,522,000 | 41,810,000 | 22,778,000 | 23,923,000 | 23,921,000 | 22,920,000 | 22,947,000 | 22,946,000 | 13,871,000 | 12,835,514 | 12,765,312 | 9,286,766 | 8,893,732 | 1,693,125 | ||||||||||||||||||||||||||||||||||||||
stockholders’ equity: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total liabilities and stockholders’ equity | 3,178,326,000 | 3,162,442,000 | 3,101,746,000 | 3,100,858,000 | 3,099,931,000 | 3,097,011,000 | 3,068,748,000 | 3,069,463,000 | 3,078,448,000 | 3,076,996,000 | 3,155,529,000 | 3,320,457,000 | 3,190,347,000 | 3,227,268,000 | 3,146,664,000 | 3,158,351,000 | 3,125,676,000 | 3,091,722,000 | 3,016,843,000 | 3,047,772,000 | 2,997,226,000 | 3,004,858,000 | 3,016,159,000 | 2,944,042,000 | 2,973,242,000 | 2,616,176,000 | 2,630,452,000 | 2,798,635,000 | 2,837,605,000 | 2,802,110,000 | 2,548,787,000 | 2,414,609,000 | 2,422,405,000 | 2,413,397,000 | 2,214,031,000 | 2,215,491,000 | 2,161,615,000 | 2,108,683,000 | 2,080,992,000 | 2,102,536,000 | ||||||||||||||||||||||||||||||||||||||||||
mortgage debt, net of unamortized debt issuance costs | 639,639,000 | 642,768,000 | 645,798,000 | 818,600,000 | 821,167,000 | 823,626,000 | 825,995,000 | 965,526,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
term loan, net of unamortized debt issuance costs | 99,409,000 | 99,372,000 | 99,336,000 | 99,299,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
deferred financing costs | 8,627,000 | 7,574,000 | 7,751,000 | 7,738,000 | 8,023,000 | 8,622,000 | 6,310,000 | 6,910,000 | 7,702,000 | 7,947,000 | 8,719,000 | 9,481,000 | 9,724,000 | 8,261,000 | 8,975,000 | 9,697,000 | 5,869,000 | 6,720,000 | 6,935,000 | 5,099,000 | 5,492,000 | 6,040,000 | 3,365,000 | 3,549,000 | 3,624,000 | 3,788,000 | 2,949,000 | 3,142,000 | 3,335,000 | 3,476,000 | 3,652,000 | 3,834,000 | 4,267,000 | 4,528,000 | 4,705,000 | 3,764,000 | 3,450,127 | 3,602,955 | 2,771,551 | 2,925,759 | 2,512,687 | |||||||||||||||||||||||||||||||||||||||||
mortgage debt | 1,177,696,000 | 1,031,198,000 | 1,007,326,000 | 1,034,660,000 | 1,038,330,000 | 1,125,309,000 | 1,084,412,000 | 1,088,259,000 | 1,091,861,000 | 1,060,299,000 | 1,064,074,000 | 1,067,661,000 | 968,731,000 | 898,471,000 | 900,624,000 | 903,331,000 | 762,933,000 | 945,888,000 | 921,094,000 | 779,143,000 | 780,880,000 | 782,656,000 | 783,844,000 | 785,263,000 | 786,777,000 | 820,853,000 | 819,385,000 | 820,352,000 | 821,353,000 | 822,563,000 | 823,117,000 | 823,846,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||
note receivable | 44,762,000 | 50,084,000 | 49,356,000 | 48,661,000 | 49,495,000 | 53,792,000 | 54,237,000 | 54,485,000 | 54,788,000 | 54,788,000 | 56,247,000 | 57,346,000 | 57,851,000 | 57,951,000 | 59,365,000 | 60,482,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total other liabilities | 291,034,000 | 275,220,000 | 270,169,000 | 266,846,000 | 263,957,000 | 260,198,000 | 253,369,000 | 229,453,000 | 237,817,000 | 253,545,000 | 252,159,000 | 242,271,000 | 233,088,000 | 220,212,000 | 229,146,000 | 216,248,000 | 202,542,000 | 253,208,000 | 186,824,000 | 190,051,000 | 195,334,000 | 206,551,000 | 219,209,000 | 225,240,000 | 230,512,000 | 205,848,000 | 200,401,000 | 189,636,000 | 190,266,000 | 167,137,707 | 169,994,760 | 161,094,742 | 71,446,797 | 54,623,672 | 21,926,876 | |||||||||||||||||||||||||||||||||||||||||||||||
property and equipment, at cost | 3,159,166,000 | 3,188,753,000 | 3,168,088,000 | 3,207,378,000 | 3,173,959,000 | 3,153,041,000 | 3,131,175,000 | 3,089,494,000 | 2,681,505,000 | 2,673,080,000 | 2,667,682,000 | 2,962,709,000 | 2,901,026,000 | 2,474,573,000 | 2,468,289,000 | 2,446,205,000 | 2,337,163,000 | 2,175,430,000 | 2,171,311,000 | 2,162,868,000 | 2,158,448,000 | 2,151,416,000 | 2,146,616,000 | 2,129,552,000 | 2,123,272,000 | 2,111,795,000 | 2,094,212,000 | 2,082,219,000 | 2,105,318,000 | 1,761,748,000 | 1,381,733,408 | 1,369,558,094 | 1,299,290,024 | 811,084,017 | 355,586,800 | |||||||||||||||||||||||||||||||||||||||||||||||
less: accumulated depreciation | -623,339,000 | -625,692,000 | -600,555,000 | -599,343,000 | -573,332,000 | -546,390,000 | -519,721,000 | -482,641,000 | -474,302,000 | -453,882,000 | -433,178,000 | -462,986,000 | -439,324,000 | -417,981,000 | -396,686,000 | -367,890,000 | -347,336,000 | -328,210,000 | -309,224,000 | -283,797,000 | -264,946,000 | -245,145,000 | -226,400,000 | -126,620,000 | -109,095,000 | -91,422,000 | -75,322,000 | -56,830,201 | -43,995,609 | -37,832,310 | -17,300,783 | -9,821,511 | ||||||||||||||||||||||||||||||||||||||||||||||||||
mortgage debt of assets held for sale | 180,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
preferred stock, .01 par value... | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
common stock, .01 par value... | 1,546,000 | 1,546,000 | 1,546,000 | 1,311,000 | 1,243,000 | 1,156,000 | 1,080,000 | 901,000 | 901,000 | 901,000 | 945,000 | 948,000 | 947,000 | 945,000 | 945,000 | 762,000 | 704,416 | 701,399 | 508,199 | 508,199 | 508,159 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
liabilities and shareholders’ equity | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
shareholders’ equity: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total shareholders’ equity | 1,002,373,000 | 1,057,966,000 | 1,061,967,000 | 1,077,221,000 | 1,086,150,000 | 1,087,355,000 | 784,928,000 | 690,213,243 | 698,810,435 | 458,997,966 | 470,298,655 | 476,555,341 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total liabilities and shareholders’ equity | 2,120,145,000 | 2,138,323,000 | 2,130,325,000 | 2,147,050,000 | 2,155,040,000 | 2,141,364,000 | 1,818,965,000 | 1,522,169,572 | 1,534,300,618 | 1,370,918,497 | 890,935,504 | 657,791,443 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
debt, at face amount | 863,981,000 | 865,944,000 | 861,790,000 | 841,151,000 | 662,148,395 | 662,787,831 | 748,080,832 | 363,181,035 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
debt premium | 2,545,000 | 2,583,000 | 2,620,000 | 2,670,227 | 2,707,592 | 2,744,957 | 2,832,142 | 2,869,507 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
shareholders' equity: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
favorable lease asset | 9,935,000 | 10,060,000 | 10,226,673 | 10,351,641 | 10,476,609 | 12,214,838 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
unfavorable contract liability | 89,165,354 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
balance sheet data: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
shareholders’ equity | 463,388,428 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
assets - sum | 793,783,234 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
purchase deposits and pre-acquisition costs | 11,295,442 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
unfavorable lease liability | 5,426,955 | 5,458,848 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
mortgage debt, at face amount | 156,439,719 |
Cashflow Statements:
Quarterly
Annual
| Unit: USD | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 | 2023-03-31 | 2022-12-31 | 2022-09-30 | 2022-06-30 | 2022-03-31 | 2021-12-31 | 2021-09-30 | 2021-06-30 | 2021-03-31 | 2020-12-31 | 2020-09-30 | 2020-06-30 | 2020-03-31 | 2019-12-31 | 2019-09-30 | 2019-06-30 | 2019-03-31 | 2018-12-31 | 2018-09-30 | 2018-06-30 | 2018-03-31 | 2017-12-31 | 2017-09-30 | 2017-06-30 | 2017-03-31 | 2016-12-31 | 2016-09-30 | 2016-06-30 | 2016-03-31 | 2015-12-31 | 2015-09-30 | 2015-06-30 | 2015-03-31 | 2014-12-31 | 2014-09-30 | 2014-06-30 | 2014-03-31 | 2013-09-30 | 2013-06-30 | 2013-03-31 | 2012-09-07 | 2012-06-15 | 2012-03-23 | 2011-09-09 | 2011-06-17 | 2011-03-25 | 2010-09-10 | 2010-06-18 | 2010-03-26 | 2009-09-11 | 2009-06-19 | 2009-03-27 | 2008-09-05 | 2008-06-13 | 2008-03-21 | 2007-09-07 | 2007-06-15 | 2007-03-23 | 2006-09-08 | 2006-06-16 | 2006-03-24 | 2005-09-09 | 2005-06-17 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
cash flows from operating activities: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net income | 14,533,000 | 26,350,000 | 22,638,000 | 41,039,000 | 11,915,000 | 26,557,000 | 24,631,000 | 8,358,000 | 10,983,000 | 27,330,000 | 39,134,000 | 9,188,000 | 18,389,000 | 28,555,000 | 52,701,000 | 10,060,000 | -208,313,000 | -79,635,000 | -73,387,000 | -34,692,000 | 134,583,000 | 11,574,000 | 29,074,000 | 8,980,000 | 24,006,000 | 31,443,000 | 28,009,000 | 4,338,000 | 24,772,000 | 21,623,000 | 36,595,000 | 8,887,000 | 23,906,000 | 29,937,000 | 44,175,000 | 16,778,000 | 25,702,000 | 24,464,000 | 24,823,000 | 10,641,000 | 63,615,000 | 43,809,000 | 51,916,000 | 4,037,000 | 19,509,000 | 10,945,000 | -4,126,000 | 11,559,000 | 2,615,000 | -2,075,000 | -2,837,000 | -5,293,000 | 39,144,000 | 26,932,000 | 5,177,000 | 43,171,000 | 27,303,000 | 6,790,000 | 24,733,491 | 18,262,694 | 4,366,014 | |||||||||||||
adjustments to reconcile net income to net cash from operating activities: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
depreciation and amortization | 28,540,000 | 28,719,000 | 28,340,000 | 28,156,000 | 27,892,000 | 28,356,000 | 27,873,000 | 28,313,000 | 28,307,000 | 27,683,000 | 27,840,000 | 27,472,000 | 27,752,000 | 27,053,000 | 27,389,000 | 26,655,000 | 25,754,000 | 25,555,000 | 24,692,000 | 26,962,000 | 27,319,000 | 28,514,000 | 28,783,000 | 30,100,000 | 30,305,000 | 29,474,000 | 29,335,000 | 28,996,000 | 26,369,000 | 26,033,000 | 24,902,000 | 25,083,000 | 25,585,000 | 24,363,000 | 23,605,000 | 25,005,000 | 25,121,000 | |||||||||||||||||||||||||||||||||||||
non-cash lease expense and other amortization | 1,228,000 | 1,278,000 | 1,279,000 | 1,284,000 | 1,299,000 | 1,531,000 | 1,555,000 | 1,518,000 | 1,536,000 | 1,533,000 | 1,537,000 | 1,550,000 | 1,551,000 | 1,551,000 | 1,556,000 | 1,568,000 | 1,666,000 | 1,664,000 | 1,671,000 | 1,672,000 | 1,736,000 | 286,000 | 1,708,000 | 1,750,000 | 1,764,000 | 1,746,000 | 1,786,000 | 1,715,000 | ||||||||||||||||||||||||||||||||||||||||||||||
amortization of debt issuance costs | 426,000 | 422,000 | 494,000 | 521,000 | 535,000 | 479,000 | 513,000 | 513,000 | 513,000 | 514,000 | 513,000 | 513,000 | 526,000 | 653,000 | 657,000 | 653,000 | 645,000 | 645,000 | 646,000 | 611,000 | 544,000 | 545,000 | 482,000 | 453,000 | 453,000 | 472,000 | 478,000 | 482,000 | 468,000 | 455,000 | 461,000 | 461,000 | 486,000 | 542,000 | ||||||||||||||||||||||||||||||||||||||||
amortization of deferred income related to key money | -82,000 | -82,000 | -81,000 | -82,000 | -96,000 | -108,000 | -107,000 | -108,000 | -108,000 | -108,000 | -107,000 | -108,000 | -108,000 | -108,000 | -108,000 | -99,000 | -74,000 | -57,000 | -99,000 | -99,000 | -99,000 | -99,000 | -99,000 | -99,000 | -99,000 | -99,000 | -99,000 | -99,000 | -99,000 | -99,000 | -99,000 | -2,271,000 | -2,720,000 | -1,998,000 | -333,000 | -709,000 | -709,000 | -717,000 | -717,000 | |||||||||||||||||||||||||||||||||||
share-based compensation | 1,705,000 | 1,686,000 | 1,855,000 | 2,580,000 | 1,302,000 | 1,083,000 | 7,527,000 | 2,335,000 | 2,031,000 | 2,013,000 | 2,760,000 | 1,967,000 | 1,937,000 | 1,925,000 | 2,767,000 | 1,160,000 | 2,092,000 | 2,085,000 | 2,784,000 | 1,783,000 | 1,689,000 | 1,638,000 | 2,337,000 | 1,561,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||
changes in assets and liabilities: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
prepaid expenses and other assets | -3,441,000 | 7,062,000 | 2,569,000 | -7,535,000 | 3,692,000 | 686,000 | -6,793,000 | 4,527,000 | -1,662,000 | 3,918,000 | -11,063,000 | 5,123,000 | -2,058,000 | 1,428,000 | -9,181,000 | 248,000 | -319,000 | 1,113,000 | -1,951,000 | 4,299,000 | 8,515,000 | -8,581,000 | -5,139,000 | -207,000 | -1,051,000 | 666,000 | -844,000 | -5,445,000 | 3,168,000 | 18,628,000 | -7,076,000 | 13,937,000 | -21,722,000 | 2,701,000 | -5,110,000 | 1,849,000 | -812,000 | 5,248,000 | -6,780,000 | 797,000 | 1,301,000 | 451,000 | -4,778,000 | -118,000 | -992,000 | 2,662,000 | -4,386,000 | 2,411,000 | -2,856,000 | -4,575,000 | 2,286,000 | -1,261,000 | -1,723,000 | 902,000 | -1,371,000 | -2,852,000 | 666,000 | 2,482,000 | -1,368,000 | 1,377,000 | -1,982,000 | -3,565,000 | 1,658,000 | -808,000 | -460,000 | 302,000 | 974,559 | -175,464 | -170,354 | 1,012,604 | 1,438,934 | |||
due to/from hotel managers | -13,675,000 | 12,884,000 | -1,232,000 | -2,538,000 | -12,145,000 | -1,838,000 | -3,544,000 | -8,398,000 | 16,774,000 | -1,163,000 | -5,751,000 | 14,291,000 | 551,000 | 9,351,000 | -17,002,000 | -16,934,000 | -13,284,000 | -23,260,000 | -11,504,000 | -15,188,000 | -558,000 | 7,912,000 | 21,351,000 | 15,821,000 | 13,037,000 | 2,327,000 | -13,596,000 | -6,850,000 | 15,750,000 | -4,168,000 | -11,380,000 | -5,888,000 | 12,909,000 | 8,889,000 | -11,944,000 | -8,314,000 | 12,036,000 | -455,000 | -7,315,000 | -5,322,000 | 12,547,000 | -465,000 | -6,878,000 | -5,098,000 | 10,534,000 | -1,660,000 | -8,571,000 | -6,014,000 | -7,375,000 | -12,968,000 | -3,130,000 | -15,281,000 | -15,945,000 | -2,493,000 | -7,438,000 | -7,590,000 | -57,000 | -11,765,000 | -11,538,000 | -4,676,000 | 4,958,000 | 4,754,000 | 3,570,000 | 2,735,000 | -9,232,000 | -10,650,000 | -3,400,000 | -3,765,664 | -5,963,171 | -923,421 | -11,837,240 | -3,870,102 | ||
accounts payable and accrued expenses | -7,295,000 | -7,632,000 | 11,733,000 | 10,108,000 | -6,822,000 | 3,280,000 | 4,031,000 | -5,858,000 | -4,563,000 | 8,491,000 | 483,000 | -3,991,000 | 246,000 | 6,162,000 | 6,216,000 | -5,557,000 | 2,771,000 | 7,141,000 | -3,643,000 | -8,756,000 | -6,200,000 | 15,783,000 | -7,498,000 | -15,794,000 | 2,446,000 | 1,847,000 | 9,571,000 | -7,998,000 | -5,782,000 | 8,108,000 | -4,882,000 | -5,441,000 | 9,031,000 | 2,352,000 | 9,827,000 | -4,204,000 | -7,987,000 | 3,852,000 | 10,163,000 | -8,443,000 | -4,337,000 | 1,468,000 | 11,466,000 | -5,634,000 | 2,707,000 | 4,299,000 | 4,784,000 | -9,785,000 | -8,000 | -1,375,000 | -5,541,000 | -10,822,000 | -8,567,000 | -11,962,000 | -4,564,000 | -4,929,000 | -5,694,000 | 3,368,000 | -3,083,000 | -6,769,000 | -16,235,000 | -13,457,000 | -8,886,000 | 582,000 | -3,630,000 | -7,539,000 | 385,389 | -183,850 | -2,083,472 | 4,069,073 | -371,406 | |||
net cash from operating activities | 21,939,000 | 67,920,000 | 74,556,000 | 73,568,000 | 27,606,000 | 61,662,000 | 55,720,000 | 31,233,000 | 52,878,000 | 70,262,000 | 56,355,000 | 58,069,000 | 82,540,000 | 62,331,000 | 13,154,000 | 20,030,000 | 14,091,000 | -1,484,000 | -34,944,000 | -28,983,000 | -34,563,000 | -30,403,000 | 10,263,000 | 57,581,000 | 54,806,000 | 59,040,000 | 21,862,000 | 69,350,000 | 81,838,000 | 34,511,000 | 33,605,000 | 55,080,000 | 62,088,000 | 65,453,000 | 21,907,000 | 63,036,000 | 57,939,000 | 64,929,000 | 29,677,000 | 69,736,000 | 57,878,000 | 65,543,000 | 34,400,000 | 64,193,000 | 49,877,000 | 54,918,000 | 10,844,000 | 100,183,000 | 53,014,000 | 18,213,000 | 44,666,000 | 18,840,000 | 1,743,000 | 43,270,000 | 18,340,000 | 7,656,000 | 42,516,000 | 13,761,000 | 585,000 | 49,882,000 | 30,251,000 | 13,843,000 | 85,737,000 | 47,977,000 | 19,616,000 | 92,853,000 | 53,436,000 | 17,872,000 | 62,895,189 | 37,508,332 | 12,545,019 | 10,642,103 | 4,269,438 | |
cash flows from investing activities: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
capital expenditures | -20,813,000 | -20,622,000 | -19,671,000 | -15,708,000 | -25,562,000 | -22,629,000 | -16,911,000 | -18,867,000 | 0 | -19,521,000 | -26,286,000 | -21,642,000 | -16,557,000 | -16,403,000 | -11,628,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
free cash flows | 1,126,000 | 47,298,000 | 54,885,000 | 57,860,000 | 2,044,000 | 39,033,000 | 38,809,000 | 12,366,000 | 52,878,000 | 50,741,000 | 30,069,000 | 36,427,000 | 65,983,000 | 45,928,000 | 1,526,000 | 20,030,000 | 14,091,000 | -1,484,000 | -34,944,000 | -28,983,000 | -34,563,000 | -30,403,000 | 10,263,000 | 57,581,000 | 54,806,000 | 59,040,000 | 21,862,000 | 69,350,000 | 81,838,000 | 34,511,000 | 33,605,000 | 55,080,000 | 62,088,000 | 65,453,000 | 21,907,000 | 63,036,000 | 57,939,000 | 64,929,000 | 29,677,000 | 69,736,000 | 57,878,000 | 65,543,000 | 34,400,000 | 64,193,000 | 49,877,000 | 54,918,000 | 10,844,000 | 100,183,000 | 53,014,000 | 18,213,000 | 44,666,000 | 18,840,000 | 1,743,000 | 43,270,000 | 18,340,000 | 7,656,000 | 42,516,000 | 13,761,000 | 585,000 | 49,882,000 | 30,251,000 | 13,843,000 | 85,737,000 | 47,977,000 | 19,616,000 | 92,853,000 | 53,436,000 | 17,872,000 | 62,895,189 | 37,508,332 | 12,545,019 | 10,642,103 | 4,269,438 | |
net proceeds from sale of hotel property | 0 | 0 | 4,000 | 89,019,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net cash from investing activities | -20,813,000 | -20,622,000 | -19,671,000 | -22,629,000 | -16,911,000 | -18,867,000 | -19,670,000 | -49,919,000 | -29,615,000 | -21,642,000 | -98,827,000 | -16,557,000 | -22,346,000 | -110,869,000 | -123,996,000 | -129,632,000 | 203,385,000 | -11,956,000 | -9,823,000 | -8,709,000 | -20,746,000 | -39,695,000 | 75,073,000 | -51,515,000 | -9,708,000 | -16,799,000 | -28,255,000 | -123,849,000 | -22,271,000 | 40,183,000 | 91,439,000 | -23,697,000 | -12,834,000 | -13,617,000 | -107,170,000 | -70,017,000 | 7,087,000 | -162,967,000 | 72,036,000 | -21,725,000 | -86,663,000 | -49,020,000 | -21,600,000 | -356,483,000 | 70,287,000 | 81,564,000 | -438,905,000 | -423,826,000 | -49,242,000 | -352,807,000 | -234,171,000 | -11,367,000 | -20,437,000 | -14,235,000 | -7,150,000 | -361,794,000 | -354,438,000 | -343,420,000 | -195,736,739 | -171,050,608 | -95,498,990 | -81,853,872 | ||||||||||||
cash flows from financing activities: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
mortgage debt principal payments | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
payment of financing costs | 0 | -11,124,000 | 0 | -450,000 | 0 | -9,000 | 0 | 0 | 0 | -25,000 | -1,684,000 | -227,000 | -674,000 | -281,000 | 2,000 | -3,138,000 | -538,000 | -535,000 | -525,000 | -4,412,000 | -4,375,000 | -4,350,000 | -2,457,000 | -2,234,000 | -3,220,000 | -198,000 | -153,000 | -1,008,000 | -1,236,000 | -1,113,000 | -1,111,000 | -1,272,083 | -1,272,083 | -109,128 | -2,682,201 | -2,128,371 | ||||||||||||||||||||||||||||||||||||||
distributions on common stock and units | -25,182,000 | -16,446,000 | -16,592,000 | -16,705,000 | -48,571,000 | -6,431,000 | -6,390,000 | -6,471,000 | -6,378,000 | -6,375,000 | -6,383,000 | -12,773,000 | -6,411,000 | 0 | 0 | -10,000 | 0 | -1,000 | -1,000 | -117,000 | 0 | 0 | 0 | -25,557,000 | -25,301,000 | |||||||||||||||||||||||||||||||||||||||||||||||||
distributions on preferred stock | -2,455,000 | -2,454,000 | -2,454,000 | -2,454,000 | -2,454,000 | -2,454,000 | -2,454,000 | -2,455,000 | -2,454,000 | -2,454,000 | -2,454,000 | -2,455,000 | -2,454,000 | -2,454,000 | -2,454,000 | -2,455,000 | -2,453,000 | -2,455,000 | -2,454,000 | -2,455,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
repurchases of common stock | -1,592,000 | -11,815,000 | -12,588,000 | -11,116,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
shares redeemed to satisfy tax withholdings on vested share-based compensation | -2,849,000 | -1,000 | -165,000 | 0 | -4,888,000 | 9,000 | -1,731,000 | -2,907,000 | -9,000 | 0 | 0 | -3,023,000 | 0 | 0 | -18,000 | -810,000 | 0 | 0 | 0 | -1,482,000 | 0 | -5,000 | 0 | -1,248,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||
net cash from financing activities | -28,031,000 | -139,494,000 | 36,975,000 | -104,566,000 | -69,593,000 | -89,677,000 | -33,629,000 | -14,293,000 | -11,277,000 | -11,194,000 | -13,191,000 | -21,063,000 | -202,069,000 | 179,810,000 | -6,381,000 | 102,671,000 | 81,641,000 | -6,255,000 | -106,220,000 | 36,001,000 | 31,619,000 | 61,109,000 | -259,552,000 | 284,537,000 | -29,164,000 | -16,454,000 | 6,046,000 | 207,000 | -13,266,000 | -29,299,000 | 61,636,000 | -26,238,000 | -28,422,000 | -28,315,000 | 18,000 | -28,724,000 | -33,635,000 | -28,705,000 | -38,723,000 | -170,661,000 | 94,705,000 | -66,407,000 | 38,595,000 | -21,593,000 | -45,984,000 | -21,741,000 | 15,464,000 | -22,221,000 | 20,305,000 | 40,634,000 | 71,139,000 | 307,130,000 | -10,594,000 | 18,972,000 | 340,211,000 | 342,203,000 | 143,807,000 | 194,192,000 | 198,448,000 | 14,804,000 | 75,981,000 | 21,711,000 | -6,240,000 | -45,793,000 | -19,227,000 | -9,843,000 | 274,952,000 | 304,577,000 | 323,281,000 | 216,492,014 | 232,991,839 | 86,823,994 | 476,635,066 | 273,726,358 |
net increase in cash, cash equivalents, and restricted cash | -26,905,000 | 91,860,000 | -46,702,000 | 21,470,000 | 5,180,000 | -1,927,000 | 9,149,000 | 13,549,000 | 15,364,000 | 245,793,000 | 33,604,000 | 4,956,000 | 95,681,000 | -10,899,000 | 255,105,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash, cash equivalents, and restricted cash at beginning of period | 103,221,000 | 0 | 0 | 128,789,000 | 0 | 0 | 167,171,000 | 0 | 0 | 107,178,000 | 0 | 0 | 75,507,000 | 0 | 0 | 134,846,000 | 0 | 0 | 179,792,000 | 0 | 0 | 91,598,000 | 0 | 0 | 223,773,000 | |||||||||||||||||||||||||||||||||||||||||||||||||
cash, cash equivalents, and restricted cash at end of period | 76,316,000 | 91,860,000 | -46,702,000 | 150,259,000 | -50,644,000 | 5,180,000 | 165,244,000 | 9,149,000 | 13,549,000 | 122,542,000 | 245,793,000 | 33,604,000 | 80,463,000 | -121,796,000 | 95,681,000 | 123,947,000 | 17,837,000 | -310,701,000 | 434,897,000 | -13,163,000 | 6,087,000 | 83,378,000 | 36,162,000 | 68,629,000 | 107,487,000 | |||||||||||||||||||||||||||||||||||||||||||||||||
corporate asset depreciation as corporate expenses | 100,000 | 35,000 | 35,000 | 34,000 | 40,000 | 34,000 | 33,000 | 42,000 | 51,000 | 49,000 | 50,000 | 53,000 | 52,000 | 56,000 | 59,000 | 57,000 | 57,000 | 56,000 | 56,000 | 59,000 | 57,000 | 59,000 | 58,000 | 59,000 | 60,000 | 55,000 | 55,000 | 55,000 | 55,000 | 54,000 | 52,000 | 39,000 | 24,000 | 16,000 | 16,000 | 17,000 | 15,000 | 17,000 | 17,000 | 17,000 | 20,000 | 20,000 | 23,000 | 26,000 | 26,000 | 26,000 | 27,000 | 75,000 | 49,000 | 25,000 | 66,000 | 44,000 | 22,000 | 59,000 | 39,000 | 19,000 | 110,000 | 70,000 | 34,000 | 101,000 | 67,000 | 34,000 | 115,000 | 75,000 | 32,000 | 119,000 | 79,000 | 39,000 | 107,821 | 74,064 | 22,000 | 75,166 | ||
loss on debt extinguishment | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
non-cash interest rate swap fair value adjustment | 0 | 0 | 19,000 | 2,014,000 | 88,000 | -3,780,000 | -2,720,000 | -7,502,000 | 3,202,000 | 919,000 | 838,000 | 2,731,000 | -1,257,000 | -983,000 | 1,000,000 | 11,312,000 | -2,245,000 | 3,143,000 | 1,075,000 | 572,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
impairment losses | 0 | 0 | 0 | 0 | 0 | 0 | 2,843,000 | 0 | 0 | 4,145,000 | 122,552,000 | 1,729,000 | 0 | 0 | 45,534,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
deferred income tax expense | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
property acquisitions | -805,000 | -75,758,000 | 0 | -42,123,000 | -64,061,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
acquisition of interest in land | 0 | -4,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from senior unsecured term loan | 0 | 0 | 0 | 0 | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
draws on senior unsecured credit facility | 0 | 0 | 0 | 0 | 110,000,000 | 90,000,000 | 0 | 70,500,000 | 45,000,000 | 0 | 0 | 0 | 400,000,000 | 25,000,000 | 20,000,000 | 45,000,000 | 60,000,000 | 0 | 0 | 20,000,000 | 65,000,000 | 0 | 0 | 15,000,000 | 60,000,000 | 60,000,000 | 0 | 115,000,000 | 0 | 25,000,000 | 25,000,000 | 25,000,000 | 175,000,000 | 40,000,000 | 40,000,000 | |||||||||||||||||||||||||||||||||||||||
repayments of senior unsecured credit facility | 0 | 0 | 0 | 0 | -44,985,000 | -49,000,000 | -251,015,000 | -75,000,000 | -25,000,000 | 0 | 0 | -20,000,000 | -65,000,000 | 0 | 0 | -85,000,000 | -65,000,000 | -115,000,000 | -45,000,000 | -45,000,000 | -35,000,000 | -155,000,000 | -140,000,000 | -140,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||
redemption of preferred stock | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net increase in cash and cash equivalents, and restricted cash | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash, cash equivalents, and restricted cash beginning of year | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash, cash equivalents, and restricted cash, end of year | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
scheduled mortgage debt principal payments | -1,730,000 | -2,114,000 | -2,163,000 | -2,444,000 | -2,461,000 | -2,435,000 | -2,365,000 | -2,340,000 | -2,404,000 | -2,775,000 | -4,010,000 | -3,909,000 | -3,935,000 | -3,957,000 | -3,800,000 | -3,764,000 | -3,797,000 | -3,812,000 | -3,512,000 | -3,625,000 | -3,457,000 | -3,821,000 | -3,511,000 | -3,474,000 | -3,389,000 | -3,665,000 | -3,166,000 | -3,339,000 | -3,442,000 | -3,323,000 | -3,224,000 | -2,949,000 | -2,921,000 | -2,814,000 | -2,706,000 | -2,762,000 | -2,916,000 | -3,247,000 | -3,074,000 | -3,422,000 | -3,579,000 | -4,288,000 | -3,698,000 | -3,756,000 | -3,512,000 | -10,161,000 | -6,476,000 | -2,980,000 | -7,441,000 | -5,371,000 | -2,746,000 | -6,217,000 | -3,637,000 | -1,737,000 | -4,121,000 | -2,934,000 | -1,513,000 | -2,972,000 | -1,968,000 | -1,002,000 | -2,277,000 | -1,707,000 | -861,000 | -2,246,340 | -1,606,904 | -813,903 | -2,146,538 | -1,387,854 | ||||||
repayment of mortgage debt | -40,528,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net cash from in investing activities | 63,457,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
repurchase of common stock | -5,383,000 | 0 | 0 | -2,014,000 | -409,000 | 0 | 0 | 0 | -10,000,000 | -2,798,000 | -10,032,000 | -29,998,000 | 0 | 31,000 | -180,000 | 0 | 0 | -529,000 | -827,000 | 0 | -685,000 | 0 | 0 | -2,735,000 | -2,946,000 | -2,946,000 | -2,946,000 | -3,849,000 | -3,095,000 | -3,095,000 | -3,961,000 | -3,961,000 | -2,023,000 | -309,000 | ||||||||||||||||||||||||||||||||||||||||
net decrease in cash, cash equivalents, and restricted cash | 17,837,000 | -13,163,000 | 6,087,000 | -8,220,000 | 36,162,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
purchase deposits | -36,180,000 | -5,000,000 | -1,898,000 | -1,898,000 | -1,485,000 | -20,000,000 | -22,300,000 | -20,000,000 | -10,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
loss on early extinguishment of debt | 68,000 | 0 | 0 | 0 | 1,555,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
capital expenditures for operating hotels | -14,383,000 | -13,142,000 | -7,455,000 | -9,479,000 | -7,199,000 | -8,086,000 | -12,213,000 | -19,617,000 | -27,065,000 | -28,552,000 | -25,962,000 | -21,081,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from sale of properties | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
extension of the salt lake city marriott downtown ground lease | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
receipt of deferred key money | 0 | 0 | 0 | 1,000,000 | 338,000 | 338,000 | 479,000 | 241,000 | 62,000 | 3,430,000 | 1,768,000 | 5,000,000 | 5,000,000 | 5,000,000 | 5,000,000 | 1,500,000 | 4,000,000 | 4,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
repayments of mortgage debt | -2,943,000 | 0 | 0 | 0 | 0 | 0 | -48,080,000 | -201,713,000 | -55,254,000 | -38,055,000 | -18,392,000 | -56,948,685 | -56,948,685 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from senior unsecured term loans | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
repayments of senior unsecured term loans | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
gain on property insurance settlement | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net cash provided (used in) by operating activities | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
capital expenditures for frenchman's reef reconstruction | 0 | 0 | -196,000 | -2,477,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
acquisition of interest in the land underlying the kimpton shorebreak resort | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from property insurance | 0 | 0 | 0 | 10,663,000 | 0 | 23,000 | 9,500,000 | 21,219,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from sale of common stock | 85,814,000 | 0 | -36,000 | -184,000 | 90,153,000 | 2,746,000 | -6,000 | 30,000 | -63,000 | 7,829,000 | 199,831,000 | 149,674,000 | 149,674,000 | 149,841,000 | 209,817,000 | 209,864,000 | 22,816,000 | 135,348,000 | 82,562,000 | 317,935,000 | 317,935,000 | 317,935,000 | 239,229,900 | 239,229,900 | 291,799,785 | 291,799,785 | ||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from sale of preferred stock | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from mortgage debt | 0 | 0 | 205,000,000 | 65,000,000 | 0 | 102,000,000 | 102,000,000 | 102,000,000 | 170,368,000 | 170,368,000 | 170,368,000 | 43,000,000 | 5,000,000 | 271,000,000 | 271,000,000 | 246,500,000 | 44,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
redemption of operating partnership units | 0 | 0 | 0 | -201,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net proceeds from sale of hotel properties | 0 | 65,185,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
payment of debt financing costs | 0 | -120,000 | -1,000 | 0 | -1,149,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
hotel acquisitions | -110,137,000 | -140,346,000 | 0 | -488,000 | -119,049,000 | 0 | 0 | 0 | -93,795,000 | 0 | 0 | -94,427,000 | -55,973,000 | -149,012,000 | -415,188,000 | -385,472,000 | -366,792,000 | -265,998,000 | -331,325,000 | -331,325,000 | -331,325,000 | -145,566,189 | -145,566,189 | -85,916,406 | -530,905,343 | |||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from unsecured term loan | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
repayments of unsecured term loans | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net loss | -1,771,000 | -19,119,000 | -171,567,000 | -33,219,000 | -12,613,000 | -11,599,000 | -11,044,000 | -11,040,000 | -7,505,000 | -8,346,000 | -8,889,598 | -11,086,066 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
adjustments to reconcile net loss to net cash from operating activities: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
capital expenditures for frenchman's reef | -623,000 | -8,533,000 | -29,156,000 | -22,963,000 | -33,037,000 | -9,208,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
acquisition of interest in the land underlying the shorebreak hotel | 0 | -1,585,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
loss on sale of hotel properties | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
estimated recovery of impairment losses from insurance | -877,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
repurchase of common stock and other | -520,000 | 0 | 0 | -1,898,000 | -1,952,000 | -1,952,000 | -1,620,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
stock-based compensation | 1,223,000 | 2,205,000 | 1,454,000 | 1,469,000 | -309,000 | 1,955,000 | 2,458,000 | 1,432,000 | 1,429,000 | 2,018,000 | 1,322,000 | 1,306,000 | 652,000 | 1,990,000 | 1,373,000 | 1,320,000 | 1,403,000 | 1,815,000 | 1,185,000 | 1,211,000 | 1,418,000 | 1,640,000 | 1,047,000 | 4,225,000 | 3,241,000 | 1,860,000 | 3,230,000 | 2,262,000 | 940,000 | 3,339,000 | 2,301,000 | 936,000 | 2,794,000 | 1,915,000 | 786,000 | 3,892,000 | 2,532,000 | 1,207,000 | 2,620,000 | 1,567,000 | 671,000 | 2,842,000 | 2,097,000 | 959,000 | 2,020,301 | 1,157,698 | 577,164 | 5,582,077 | 4,969,510 | |||||||||||||||||||||||||
shares redeemed to satisfy tax withholdings on vested share based compensation | -156,000 | 0 | -296,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
distributions to common stock and units | -25,448,000 | -26,110,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net used in investing activities | -30,289,000 | -16,377,000 | -27,518,000 | -123,653,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
real estate depreciation | 25,574,000 | 24,337,000 | 24,074,000 | 25,327,000 | 25,126,000 | 25,123,000 | 80,280,000 | 54,026,000 | 26,834,000 | 64,149,000 | 41,089,000 | 20,518,000 | 66,835,000 | 43,034,000 | 21,352,000 | 59,278,000 | 37,981,000 | 18,907,000 | 57,312,000 | 38,446,000 | 18,717,000 | 53,013,000 | 34,756,000 | 16,687,000 | 51,193,000 | 33,704,000 | 16,061,000 | 33,922,175 | 21,125,333 | 9,047,108 | 16,072,526 | |||||||||||||||||||||||||||||||||||||||||||
non-cash ground rent | 1,989,000 | 1,838,000 | 1,943,000 | 1,535,000 | 1,534,000 | 1,592,000 | 1,614,000 | 1,550,000 | 1,441,000 | 1,568,000 | 1,328,000 | 1,334,000 | 1,461,000 | 1,467,000 | 1,480,000 | 1,507,000 | 1,573,000 | 1,588,000 | 1,596,000 | 1,696,000 | 5,111,000 | 3,410,000 | 1,693,000 | 4,621,000 | 3,107,000 | 1,531,000 | 4,878,000 | 3,221,000 | 1,566,000 | 5,104,000 | 3,566,000 | 1,789,000 | 5,350,000 | 3,570,000 | 1,787,000 | 5,321,000 | 3,550,000 | 1,777,000 | 5,422,000 | 3,594,000 | ||||||||||||||||||||||||||||||||||
non-cash amortization of financing costs and interest rate cap as interest | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
amortization of favorable and unfavorable contracts | -495,000 | -495,000 | -501,000 | -478,000 | -478,000 | -478,000 | -478,000 | -478,000 | -478,000 | -478,000 | -478,000 | -478,000 | -517,000 | -407,000 | -374,000 | -353,000 | -352,000 | -353,000 | -352,000 | -353,000 | -1,063,000 | -709,000 | -354,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
hotel capital expenditures | -38,418,000 | -14,400,000 | -36,530,000 | -25,823,000 | -22,072,000 | -17,076,000 | -24,596,000 | -35,807,000 | -24,209,000 | -24,556,000 | -26,686,000 | -27,410,000 | -16,809,000 | -13,942,000 | -11,985,000 | -20,214,000 | -6,480,000 | -15,676,000 | -14,448,000 | -25,967,000 | -75,256,000 | -42,590,000 | -13,937,000 | -26,354,000 | -15,171,000 | -6,791,000 | -35,403,000 | -21,345,000 | -7,882,000 | -16,154,000 | -10,391,000 | -4,604,000 | -17,735,000 | -13,265,000 | -7,293,000 | -36,245,000 | -22,549,000 | -14,120,000 | -38,959,105 | -25,959,757 | -11,534,755 | -9,646,244 | ||||||||||||||||||||||||||||||||
payment of cash dividends | -26,189,000 | -25,949,000 | -25,209,000 | -25,362,000 | -25,091,000 | -25,091,000 | -25,086,000 | -25,274,000 | -25,136,000 | -25,147,000 | -25,141,000 | -25,347,000 | -25,104,000 | -25,156,000 | -25,125,000 | -20,727,000 | -20,111,000 | -20,090,000 | -20,088,000 | -16,811,000 | -49,044,000 | -32,403,000 | -15,736,000 | -40,373,000 | -40,373,000 | -13,457,000 | -26,940,000 | -13,505,000 | -77,000 | -4,323,000 | -4,323,000 | -4,323,000 | ||||||||||||||||||||||||||||||||||||||||||
net decrease cash, cash equivalents, and restricted cash | -116,286,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
gain on repayment of note receivable | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
non-cash amortization of financing costs, debt premium, and interest rate cap as interest | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
gain on business interruption insurance | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
restricted cash | 496,000 | -1,947,000 | 6,903,000 | -2,917,000 | 34,000 | -3,643,000 | 5,035,000 | -1,371,000 | -732,000 | 4,222,000 | 2,372,000 | 6,744,000 | 4,594,000 | -3,847,000 | -2,071,000 | -7,085,000 | 2,894,000 | 1,358,000 | -1,239,000 | -1,532,000 | -1,975,000 | -13,000 | -5,225,000 | -2,794,000 | 75,000 | -3,892,000 | -2,546,000 | 917,000 | -1,700,000 | 123,000 | 1,383,000 | 1,175,000 | -226,000 | 530,000 | 1,665,000 | 966,864 | ||||||||||||||||||||||||||||||||||||||
notes receivable repayments | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
change in restricted cash | 3,086,000 | 277,000 | -3,659,000 | 5,753,000 | 1,558,000 | -446,000 | -184,000 | 3,713,000 | -2,952,000 | 325,000 | -758,000 | 6,170,000 | 6,922,000 | 1,125,000 | 4,334,000 | -1,758,000 | -13,319,000 | -13,342,000 | -12,737,000 | -6,193,000 | -5,819,000 | -2,853,000 | -3,164,000 | -15,762,000 | -21,460,000 | -11,290,000 | -6,997,000 | -6,763,000 | -2,702,000 | -970,000 | 143,000 | 776,000 | -564,000 | 2,025,000 | -2,711,445 | 475,338 | 1,952,171 | 879,924 | ||||||||||||||||||||||||||||||||||||
purchase of interest rate cap | 0 | 0 | 0 | -325,000 | -934,000 | -934,000 | -934,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net increase in cash and cash equivalents | 16,950,000 | 7,130,000 | 25,296,000 | -134,831,000 | 142,418,000 | -33,102,000 | 33,825,000 | 44,628,000 | 67,752,000 | 78,533,000 | 102,279,000 | 102,221,000 | -116,099,000 | -21,962,000 | 4,022,000 | 105,426,000 | 37,727,000 | 453,000 | -4,836,000 | 6,011,000 | 3,575,000 | -2,267,000 | 83,650,464 | 99,449,563 | 3,870,023 | 196,141,924 | ||||||||||||||||||||||||||||||||||||||||||||||||
cash and cash equivalents, beginning of year | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash and cash equivalents, end of year | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
gain on sale of hotel properties | -379,000 | -2,198,000 | -9,541,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash and cash equivalents, beginning of period | 0 | 0 | 243,095,000 | 0 | 0 | 213,584,000 | 0 | 0 | 144,365,000 | 0 | 0 | 144,584,000 | 9,623,000 | 9,623,000 | 9,623,000 | 26,291,000 | 26,291,000 | 26,291,000 | 84,201,000 | 84,201,000 | 84,201,000 | 177,380,000 | 177,380,000 | 177,380,000 | 13,830,000 | 13,830,000 | 13,830,000 | 29,773,000 | 29,773,000 | 29,773,000 | 19,691,000 | 19,691,000 | 19,691,000 | 9,431,741 | 9,431,741 | 9,431,741 | 76,983,107 | |||||||||||||||||||||||||||||||||||||
cash and cash equivalents, end of period | 16,974,000 | 37,216,000 | 112,429,000 | 69,417,000 | 117,645,000 | 48,903,000 | -22,146,000 | -3,032,000 | 87,155,000 | -134,831,000 | 142,418,000 | 111,482,000 | 43,448,000 | 54,251,000 | 77,375,000 | 21,604,000 | 104,824,000 | 128,570,000 | 28,777,000 | 20,918,000 | 186,422,000 | 61,281,000 | 155,418,000 | 181,402,000 | 119,256,000 | 51,557,000 | 14,283,000 | 23,642,000 | 24,937,000 | 19,074,000 | 25,702,000 | 23,266,000 | 17,424,000 | 93,082,205 | 108,881,304 | 13,301,764 | 273,125,031 | |||||||||||||||||||||||||||||||||||||
net decrease in cash and cash equivalents | 37,216,000 | -130,666,000 | 117,645,000 | -164,681,000 | -57,210,000 | -4,687,000 | -55,424,000 | -63,283,000 | -10,699,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
gain on repayments of notes receivable | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
gain on hotel property acquisition | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
amortization of note receivable discount as interest income | 0 | 0 | -379,000 | -696,000 | -1,892,000 | -1,205,000 | -533,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
amortization of deferred income | -267,000 | -267,000 | -272,000 | -273,000 | -273,000 | -272,000 | -799,000 | -532,000 | -265,000 | -658,000 | -426,000 | -210,000 | -414,000 | -403,000 | -130,000 | -390,000 | -260,000 | -130,000 | -391,000 | -260,000 | -130,000 | -245,000 | -164,000 | -82,000 | -206,921 | -134,742 | -67,371 | -106,867 | ||||||||||||||||||||||||||||||||||||||||||||||
net proceeds from sale of properties | 92,120,000 | 92,631,000 | 92,631,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
amortization of debt issuance costs and debt premium | 545,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
deposit on new mortgage loan | 1,700,000 | -1,775,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
non-cash financing costs, debt premium and interest rate cap as interest | 588,000 | 453,000 | 615,000 | 647,000 | 675,000 | 702,000 | 708,000 | 2,082,000 | 1,349,000 | 703,000 | 2,529,000 | 1,681,000 | 486,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
non-cash financing costs, debt premium, and interest rate cap as interest | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
termination fee paid to hotel manager | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
gain on sale of hotel property | 39,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
gain on prepayment of note receivable | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
note receivable principal repayments | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
impairment of favorable lease asset | 786,000 | 468,000 | 1,286,000 | 1,286,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
payment of litigation settlement | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
mortgage loan principal payments | 6,000,000 | 6,574,000 | 6,574,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
prepayment of mortgage debt | -84,129,000 | -26,963,000 | -26,963,000 | -26,963,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net proceeds from sale of property | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
supplemental disclosure of cash flow information: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash paid for interest | 14,305,000 | 13,111,000 | 11,725,000 | 33,381,000 | 23,484,000 | 11,633,000 | 35,905,000 | 23,819,000 | 11,987,000 | 33,089,000 | 24,176,000 | 11,820,000 | 34,180,000 | 24,716,000 | 11,917,000 | 21,442,775 | 14,807,568 | 5,520,983 | 5,962,359 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash paid for income taxes | 133,000 | 87,000 | 96,000 | 642,000 | 642,000 | 901,000 | 868,000 | 35,000 | 861,000 | 861,000 | 93,000 | 430,000 | 340,000 | 334,000 | 926,060 | 926,060 | 802,260 | 1,114,363 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
capitalized interest | 344,000 | 343,000 | 215,000 | 19,000 | 19,000 | 19,000 | 183,000 | 183,000 | 183,000 | 143,000 | 381,191 | 220,772 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash received from litigation settlement | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
non-cash financing activities: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
unpaid dividends | 65,000 | 20,330,000 | 22,778,000 | 23,923,000 | 23,921,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
gain on early extinguishment of debt | -144,000 | -144,000 | -144,000 | -359,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash received from mortgage loan | 5,074,000 | 551,000 | 303,000 | 1,704,000 | 605,000 | 100,000 | 1,250,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
non-cash reversal of penalty interest | -3,134,000 | -3,134,000 | -3,134,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
payment of los angeles airport marriott litigation settlement | -1,709,000 | -1,709,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
purchase of mortgage loan | -60,615,000 | -60,282,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
amortization of unfavorable contract liabilities | -1,296,000 | -864,000 | -432,000 | -1,284,000 | -852,000 | -426,000 | -1,203,000 | -794,000 | -397,000 | -1,190,000 | -794,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
gain on sale of properties, net of tax | -10,017,000 | -10,017,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
deposit on mortgage loan financing | -1,125,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
non-cash financing costs and debt premium as interest | 1,068,000 | 764,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
purchase of ground lease interest | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from mortgage loan financing | 100,000,000 | 100,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
draw on senior unsecured credit facility | 130,000,000 | 115,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
non-cash financing costs as interest | 393,000 | 804,000 | 457,000 | 556,000 | 386,000 | 193,000 | 557,000 | 372,000 | 186,000 | 531,000 | 349,000 | 170,000 | 668,617 | 515,789 | 184,238 | 1,100,820 | 960,062 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
amortization of debt premium and unfavorable contract liabilities | -397,000 | -1,278,000 | -868,000 | -434,000 | -937,639 | -503,449 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
yield support received | 797,000 | 797,000 | 1,742,000 | 1,741,000 | 1,703,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
repayments of credit facility | -57,000,000 | -57,000,000 | -5,000,000 | -20,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
draws on credit facility | 99,000,000 | 47,000,000 | 14,000,000 | 41,500,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
repurchase of shares | -159,000 | -158,000 | -2,720,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
payment of dividends | -80,000 | -80,000 | -80,000 | -59,506,000 | -36,658,000 | -13,802,000 | -30,936,955 | -18,318,197 | -8,942,975 | -1,680,656 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
hotel acquisition | -156,501,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
non-cash financing costs as interest expense | 227,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
adjustments to reconcile net income to net cash provided by operating activities: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
gain on disposal of asset, net of taxes | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
non-cash yield support recognized | -601,000 | -189,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from sale of asset | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
prepayment penalty on early extinguishment of debt | -1,972,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
payment of costs related to sale of common stock | -470,000 | -404,000 | -380,000 | -380,000 | -380,000 | -1,204,206 | -1,040,877 | -3,206,639 | -1,608,517 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
payment of financing deposits | -1,240,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
non-cash investing and financing activities: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
assumption of mortgage debt | 220,000,000 | 220,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
share repurchases | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net (decrease) increase in cash and cash equivalents | -6,131,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
repayments of credit facilities | -52,500,000 | -35,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
draws on credit facilities | 91,000,000 | 61,500,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from short-term loan | 79,500,000 | 79,500,000 | 79,500,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
market value adjustment to interest rate caps | 16,070 | 16,070 | -18,911 | -11,402 | -8,445 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
non cash investing and financing activities: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
non-cash straight line ground rent | 1,707,000 | 5,113,378 | 3,412,369 | 1,711,196 | 4,839,677 | 3,180,110 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
non-cash yield support | -69,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
payment of lender deposits | -3,810,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
amortization of deferred financing costs as interest | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
non-cash straight-line ground rent | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
amortization of deferred income and corporate depreciation | -64,559 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
receipt of key money | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
purchase deposits and pre-acquisition costs | -10,927,784 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net cash used in investing activities | -554,292,239 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from debt | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net proceeds (repayments) of senior secured credit facility | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash paid for interest rate caps | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net cash provided by financing activities | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net increase (decrease) in cash and cash equivalents | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
repayment of mortgage debt with restricted cash held in escrow | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
deferred income tax benefit | -1,103,252 | -95,009 | -29,914 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
repayments of debt | -325,500,000 | -325,500,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
draws on senior secured credit facility | 24,000,000 | 24,000,000 | 24,000,000 | 5,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
repayments of senior secured credit facility | -33,000,000 | -33,000,000 | -3,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
payment of taxes on vested shares | -3,078,302 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
repayments of mortgage debt with restricted cash | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
amortization of debt premium and unfavorable contract liability | -69,258 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
amortization of debt premium and unfavorable lease liability | -209,835 | -140,577 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
amortization of favorable lease asset | 70,601 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
income tax benefit | -1,125,499 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash paid for restricted cash at acquisition | -17,740,652 | -10,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
property depreciation and amortization | 8,703,130 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
income tax expense | 558,847 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
hotel acquisition and capital expenditures | -65,806,012 |