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As-Reported Financials

As Reported Financials

Document Name As Of Date Currency Code (in thousands) 2015 Y 10-K 12/31/2015 USD 2016 Y 10-K 12/31/2016 USD 2017 Y 10-K 12/31/2017 USD 2018 Y 10-Q 12/31/2018 USD 2019 Q3 YTD 10-Q 9/30/2019 USD
Document Name As Of Date Currency Code 2015 Y 10-K 12/31/2015 USD 2016 Y 10-K 12/31/2016 USD 2017 Y 10-K 12/31/2017 USD 2018 Y 10-Q 12/31/2018 USD 2019 Q3 YTD 10-Q 9/30/2019 USD

Assets

Investment in Hotel Properties, Net of Accumulated Depreciation 1,831,119 1,767,570 2,009,572 2,026,659 1,989,982
Investment in Unconsolidated Joint Ventures 10,316 11,441 3,569 4,004 6,624
Cash and Cash Equivalents 27,955 185,644 17,945 32,598 31,621
Escrow Deposits 19,204 8,993 7,641 8,185 10,540
Hotel Accounts Receivable, Net of Allowance for Doubtful Accounts 9,465 8,769 11,999 10,241 9,919
Due from Related Parties 6,243 18,332 5,322 3,294 5,714
Intangible Assets, Net of Accumulated Amortization 13,389 16,944 16,388 13,644 2,248
Deposits on Hotel Acquisitions 5,000 NA NA NA NA
Right of Use Assets NA NA NA 0 45,688
Other Assets 39,958 39,370 49,913 40,005 36,726
Hotel Assets Held for Sale 0 98,473 15,987 NA NA
Total Assets 1,962,649 2,155,536 2,138,336 2,138,630 2,139,062

Liabilities and Equity

Line of Credit 27,000 0 16,100 10,000 46,000
Unsecured Term Loans, Net of Unamortized Deferred Financing Costs 547,780 663,500 715,449 698,202 696,995
Unsecured Notes Payable, Net of Unamortized Deferred Financing Costs 50,525 50,578 53,781 50,684 50,723
Mortgages Payable, Net of Unamortized Premium and Unamortized Deferred Financing Costs 544,659 337,821 307,683 334,145 332,872
Lease Liabilities NA NA NA 0 54,706
Accounts Payable, Accrued Expenses and Other Liabilities 59,226 65,106 58,770 70,947 51,882
Dividends and Distributions Payable 16,515 26,050 17,115 17,129 17,046
Due to Related Parties 8,789 NA NA NA NA
Liabilities Related to Hotel Assets Held for Sale 0 51,428 NA NA NA
Deferred Gain on Disposition of Hotel Assets 0 81,314 81,284 NA NA
Total Liabilities 1,254,494 1,275,797 1,250,182 1,181,107 1,250,224
Redeemable Noncontrolling Interests - Consolidated Joint Venture NA NA 0 2,708 3,196

Equity

Shareholders' Equity
Preferred Shares 76 147 147 147 147
Common Shares - Class A 444 418 399 395 386
Common Shares - Class B 0 0 0 0 0
Accumulated Other Comprehensive (Loss) Income (466) 1,373 3,749 4,227 (4,316)
Additional Paid-in Capital 1,086,259 1,198,311 1,164,946 1,155,776 1,143,764
Distributions in Excess of Net Income (408,274) (364,831) (335,373) (267,740) (318,610)
Total Shareholders' Equity 678,039 835,418 833,868 892,805 821,371
Noncontrolling Interests - Common Units and LTIP Units 31,876 NA NA NA NA
Noncontrolling Interests - Consolidated Variable Interest Entity (1,760) NA NA NA NA
Noncontrolling Interests 30,116 44,321 54,286 62,010 64,271
Total Equity 708,155 879,739 888,154 954,815 885,642
Total Liabilities and Equity 1,962,649 2,155,536 2,138,336 2,138,630 2,139,062
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.