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As-Reported Financials

As Reported Financials

Source Document Currency Code (in thousands) 2014 Y 12/31/2015 USD 2015 Y 12/31/2016 USD 2016 Y 12/31/2017 USD 2017 Y 9/30/2018 USD 2018 Q3 YTD 9/30/2018 USD
Source Document Currency Code 2014 Y 12/31/2015 USD 2015 Y 12/31/2016 USD 2016 Y 12/31/2017 USD 2017 Y 9/30/2018 USD 2018 Q3 YTD 9/30/2018 USD

Assets

Investment in Hotel Properties, Net of Accumulated Depreciation 1,745,483 1,831,119 1,767,570 2,009,572 2,025,534
Investment in Unconsolidated Joint Ventures 11,150 10,316 11,441 3,569 4,487
Cash and Cash Equivalents 21,675 27,955 185,644 17,945 37,727
Escrow Deposits 16,941 19,204 8,993 7,641 9,285
Hotel Accounts Receivable, Net of Allowance for Doubtful Accounts 9,363 9,465 8,769 11,999 9,425
Deferred Financing Costs, Net of Accumulated Amortization 8,605 NA NA NA NA
Due from Related Parties 6,580 6,243 18,332 5,322 5,131
Intangible Assets, Net of Accumulated Amortization 7,316 13,389 16,944 16,388 15,672
Deposits on Hotel Acquisitions 0 5,000 NA NA NA
Other Assets 28,426 39,958 39,370 49,913 44,533
Hotel Assets Held for Sale NA 0 98,473 15,987 14,499
Total Assets 1,855,539 1,962,649 2,155,536 2,138,336 2,166,293

Liabilities and Equity

Line of Credit 0 27,000 0 16,100 26,000
Unsecured Term Loans, Net of Unamortized Deferred Financing Costs 250,000 547,780 663,500 715,449 698,014
Unsecured Notes Payable, Net of Unamortized Deferred Financing Costs 51,548 50,525 50,578 53,781 50,670
Mortgages Payable, Net of Unamortized Premium and Unamortized Deferred Financing Costs 617,375 544,659 337,821 307,683 334,399
Accounts Payable, Accrued Expenses and Other Liabilities 54,116 59,226 65,106 58,770 65,051
Dividends and Distributions Payable 17,909 16,515 26,050 17,115 17,125
Due to Related Parties 7,203 8,789 NA NA NA
Liabilities Related to Hotel Assets Held for Sale NA 0 51,428 NA NA
Deferred Gain on Disposition of Hotel Assets NA 0 81,314 81,284 0
Total Liabilities 998,151 1,254,494 1,275,797 1,250,182 1,191,259
Redeemable Noncontrolling Interests - Consolidated Joint Venture NA NA NA 0 2,452

Equity

Shareholders' Equity

Preferred Shares 76 76 147 147 147
Common Shares - Class A 497 444 418 399 395
Common Shares - Class B 0 0 0 0 0
Accumulated Other Comprehensive Income (358) (466) 1,373 3,749 7,862
Additional Paid-in Capital 1,194,547 1,086,259 1,198,311 1,164,946 1,155,273
Distributions in Excess of Net Income (365,381) (408,274) (364,831) (335,373) (253,692)
Total Shareholders' Equity 829,381 678,039 835,418 833,868 909,985
Noncontrolling Interests - Common Units and LTIP Units 29,082 31,876 NA NA NA
Noncontrolling Interests - Consolidated Variable Interest Entity (1,075) (1,760) NA NA NA
Noncontrolling Interests 28,007 30,116 44,321 54,286 62,597
Total Equity 857,388 708,155 879,739 888,154 972,582
Total Liabilities and Equity 1,855,539 1,962,649 2,155,536 2,138,336 2,166,293
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.