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As-Reported Financials

As Reported Financials

Source Document Currency Code (in thousands) 2015 Y 12/31/2016 USD 2016 Y 12/31/2017 USD 2017 Y 12/31/2018 USD 2018 Y 12/31/2018 USD
Source Document Currency Code 2015 Y 12/31/2016 USD 2016 Y 12/31/2017 USD 2017 Y 12/31/2018 USD 2018 Y 12/31/2018 USD

Assets

Investment in Hotel Properties, Net of Accumulated Depreciation 1,831,119 1,767,570 2,009,572 2,026,659
Investment in Unconsolidated Joint Ventures 10,316 11,441 3,569 4,004
Cash and Cash Equivalents 27,955 185,644 17,945 32,598
Escrow Deposits 19,204 8,993 7,641 8,185
Hotel Accounts Receivable, Net of Allowance for Doubtful Accounts 9,465 8,769 11,999 10,241
Due from Related Parties 6,243 18,332 5,322 3,294
Intangible Assets, Net of Accumulated Amortization 13,389 16,944 16,388 13,644
Deposits on Hotel Acquisitions 5,000 NA NA NA
Other Assets 39,958 39,370 49,913 40,005
Hotel Assets Held for Sale 0 98,473 15,987 0
Total Assets 1,962,649 2,155,536 2,138,336 2,138,630

Liabilities and Equity

Line of Credit 27,000 0 16,100 10,000
Unsecured Term Loans, Net of Unamortized Deferred Financing Costs 547,780 663,500 715,449 698,202
Unsecured Notes Payable, Net of Unamortized Deferred Financing Costs 50,525 50,578 53,781 50,684
Mortgages Payable, Net of Unamortized Premium and Unamortized Deferred Financing Costs 544,659 337,821 307,683 334,145
Accounts Payable, Accrued Expenses and Other Liabilities 59,226 65,106 58,770 70,947
Dividends and Distributions Payable 16,515 26,050 17,115 17,129
Due to Related Parties 8,789 NA NA NA
Liabilities Related to Hotel Assets Held for Sale 0 51,428 NA NA
Deferred Gain on Disposition of Hotel Assets 0 81,314 81,284 0
Total Liabilities 1,254,494 1,275,797 1,250,182 1,181,107
Redeemable Noncontrolling Interests - Consolidated Joint Venture NA NA 0 2,708

Equity

Shareholders' Equity
Preferred Shares 76 147 147 147
Common Shares - Class A 444 418 399 395
Common Shares - Class B 0 0 0 0
Accumulated Other Comprehensive Income (466) 1,373 3,749 4,227
Additional Paid-in Capital 1,086,259 1,198,311 1,164,946 1,155,776
Distributions in Excess of Net Income (408,274) (364,831) (335,373) (267,740)
Total Shareholders' Equity 678,039 835,418 833,868 892,805
Noncontrolling Interests - Common Units and LTIP Units 31,876 NA NA NA
Noncontrolling Interests - Consolidated Variable Interest Entity (1,760) NA NA NA
Noncontrolling Interests 30,116 44,321 54,286 62,010
Total Equity 708,155 879,739 888,154 954,815
Total Liabilities and Equity 1,962,649 2,155,536 2,138,336 2,138,630
Data shown on this page is extracted directly from the company’s documents. S&P makes every effort to line up fields, captions and headers that represent the same data over time, despite variations in how the company may report these items in different documents. In certain instances the variation in the company’s presentation over time may be too significant, potentially resulting in repeating and/or disordered items. Despite possible issues with the presentation, S&P, as always, stands by its commitment to the quality of the data.