v3.22.4
CONDENSED CONSOLIDATED STATEMENTS OF EQUITY - USD ($)
Total
Impact of adoption of new accounting standard
Series D Preferred Stock
Series B Preferred Stock
Series E Preferred Stock
Series M Preferred Stock
Preferred Stock
Series D Preferred Stock
Preferred Stock
Series B Preferred Stock
Preferred Stock
Series E Preferred Stock
Preferred Stock
Series M Preferred Stock
Common Stock
Additional Paid-in Capital
Additional Paid-in Capital
Impact of adoption of new accounting standard
Accumulated Deficit
Accumulated Deficit
Impact of adoption of new accounting standard
Accumulated Deficit
Series D Preferred Stock
Accumulated Deficit
Series B Preferred Stock
Accumulated Deficit
Series E Preferred Stock
Accumulated Deficit
Series M Preferred Stock
Noncontrolling Interest in Consolidated Entities
Redeemable Noncontrolling Interests in Operating Partnership
Increase (Decrease) in Temporary Equity [Roll Forward]                                          
Units outstanding at beginning of year               5,031,000 0 0                      
Beginning balance (in shares) at Dec. 31, 2020             1,600,000       38,275,000                    
Beginning balance at Dec. 31, 2020 $ 261,170,000           $ 16,000       $ 382,000 $ 541,870,000   $ (266,010,000)           $ (15,088,000) $ 27,655,000
Increase (Decrease) in Stockholders' Equity [Roll Forward]                                          
Purchase of common stock (in shares)                     (50,000)                    
Purchase of common stock (348,000)                     (348,000)                  
Equity-based compensation 5,015,000                     5,015,000                 2,250,000
Issuance of common stock (in shares)                     17,714,000                    
Issuance of common stock 99,809,000                   $ 178,000 99,631,000                  
Issuance of common units for hotel acquisition                                         13,175,000
Issuance of restricted shares/units (in shares)                     764,000                    
Issuance of restricted shares/units 0                   $ 8,000 (8,000)                  
Forfeiture of restricted common shares (in shares)                     (22,000)                    
Dividends declared – preferred stock     $ (2,475,000) $ (3,689,000) $ (90,000) $ (4,000)                   $ (2,475,000) $ (3,689,000) $ (90,000) $ (4,000)    
Contributions from noncontrolling interests 920,000                                     920,000  
Redemption/conversion of operating partnership units (in shares)                     2,000                    
Redemption/conversion of operating partnership units 17,000                     17,000                 (17,000)
Net income (loss) (27,433,000)                         (24,887,000)           (2,546,000) (3,184,000)
Extinguishment of preferred stock (in shares)                     7,291,000                    
Extinguishment of preferred stock 41,523,000                   $ 71,000 46,047,000   (4,595,000)              
Equity component of Convertible Senior Notes 6,257,000                     6,257,000                  
Redemption value adjustment - preferred stock (2,017,000)                         (2,017,000)              
Redemption value adjustment (69,000)                         (69,000)             69,000
Ending balance (in shares) at Sep. 30, 2021             1,600,000       63,974,000                    
Ending balance at Sep. 30, 2021 378,586,000           $ 16,000       $ 639,000 698,481,000   (303,836,000)           (16,714,000) 39,948,000
Beginning balance, temporary equity at Dec. 31, 2020               $ 106,949,000 $ 0 $ 0                      
Increase (Decrease) in Temporary Equity [Roll Forward]                                          
Issuance of preferred stock (in shares)         266,000 15,000     266,000 15,000                      
Issuance of preferred stock                 $ 4,204,000 $ 250,000                      
Extinguishment of preferred stock (in shares)               (1,953,000)                          
Extinguishment of preferred stock               $ (41,523,000)                          
Redemption value adjustment - preferred stock                 $ 1,906,000 $ 111,000                      
Units outstanding at end of year (in shares) at Sep. 30, 2021               3,078,000 266,000 15,000                      
Ending balance, temporary equity at Sep. 30, 2021               $ 65,426,000 $ 6,110,000 $ 361,000                      
Beginning balance (in shares) at Dec. 31, 2020             1,600,000       38,275,000                    
Beginning balance at Dec. 31, 2020 261,170,000           $ 16,000       $ 382,000 541,870,000   (266,010,000)           (15,088,000) 27,655,000
Ending balance (in shares) at Dec. 31, 2021             1,600,000       65,365,000                    
Ending balance at Dec. 31, 2021 $ 382,298,000 $ (5,601,000)         $ 16,000       $ 653,000 707,418,000 $ (6,257,000) (309,240,000) $ 656,000         (16,549,000) 36,087,000
Increase (Decrease) in Stockholders' Equity [Roll Forward]                                          
Accounting Standards Update [Extensible Enumeration] Accounting Standards Update 2020-06                                        
Beginning balance, temporary equity at Dec. 31, 2020               $ 106,949,000 $ 0 $ 0                      
Units outstanding at end of year (in shares) at Dec. 31, 2021       3,078,017 1,710,399 29,044   3,078,000 1,710,000 29,000                      
Ending balance, temporary equity at Dec. 31, 2021       $ 65,426,000 $ 39,339,000 $ 715,000   $ 65,426,000 $ 39,339,000 $ 715,000                      
Increase (Decrease) in Temporary Equity [Roll Forward]                                          
Units outstanding at beginning of year               3,108,000 0 0                      
Beginning balance (in shares) at Jun. 30, 2021             1,600,000       57,311,000                    
Beginning balance at Jun. 30, 2021 $ 350,260,000           $ 16,000       $ 573,000 661,576,000   (295,641,000)           (16,264,000) 29,398,000
Increase (Decrease) in Stockholders' Equity [Roll Forward]                                          
Equity-based compensation 1,990,000                     1,990,000                 1,054,000
Issuance of common stock (in shares)                     6,550,000                    
Issuance of common stock 34,232,000                   $ 66,000 34,166,000                  
Issuance of common units for hotel acquisition                                         13,175,000
Forfeiture of restricted common shares (in shares)                     (7,000)                    
Dividends declared – preferred stock     (825,000) $ (1,058,000) $ (90,000) $ (4,000)                   (825,000) (1,058,000) (90,000) (4,000)    
Net income (loss) (7,396,000)                         (6,946,000)           (450,000) (823,000)
Extinguishment of preferred stock (in shares)                     120,000                    
Extinguishment of preferred stock 638,000                   $ 0 749,000   (111,000)              
Redemption value adjustment - preferred stock (2,017,000)                         (2,017,000)              
Redemption value adjustment 2,856,000                         2,856,000             (2,856,000)
Ending balance (in shares) at Sep. 30, 2021             1,600,000       63,974,000                    
Ending balance at Sep. 30, 2021 378,586,000           $ 16,000       $ 639,000 698,481,000   (303,836,000)           (16,714,000) 39,948,000
Beginning balance, temporary equity at Jun. 30, 2021               $ 66,064,000 $ 0 $ 0                      
Increase (Decrease) in Temporary Equity [Roll Forward]                                          
Issuance of preferred stock (in shares)         266,000 15,000     266,000 15,000                      
Issuance of preferred stock                 $ 4,204,000 $ 250,000                      
Extinguishment of preferred stock (in shares)               (30,000)                          
Extinguishment of preferred stock               $ (638,000)                          
Redemption value adjustment - preferred stock                 $ 1,906,000 $ 111,000                      
Units outstanding at end of year (in shares) at Sep. 30, 2021               3,078,000 266,000 15,000                      
Ending balance, temporary equity at Sep. 30, 2021               $ 65,426,000 $ 6,110,000 $ 361,000                      
Increase (Decrease) in Temporary Equity [Roll Forward]                                          
Units outstanding at beginning of year               3,078,000 266,000 15,000                      
Units outstanding at beginning of year       3,078,017 1,710,399 29,044   3,078,000 1,710,000 29,000                      
Beginning balance (in shares) at Dec. 31, 2021             1,600,000       65,365,000                    
Beginning balance at Dec. 31, 2021 382,298,000 $ (5,601,000)         $ 16,000       $ 653,000 707,418,000 $ (6,257,000) (309,240,000) $ 656,000         (16,549,000) 36,087,000
Increase (Decrease) in Stockholders' Equity [Roll Forward]                                          
Purchase of common stock (in shares)                     (249,000)                    
Purchase of common stock (1,308,000)                   $ (2,000) (1,306,000)                  
Equity-based compensation 4,583,000                     4,583,000                 4,358,000
Issuance of common stock (in shares)                     6,000,000                    
Issuance of common stock 35,041,000                   $ 60,000 34,981,000                  
Common stock issuance costs (27,000)                     (27,000)                  
Issuance of restricted shares/units (in shares)                     349,000                    
Issuance of restricted shares/units 5,000                   $ 3,000 2,000                  
Forfeiture of restricted common shares (in shares)                     (9,000)                    
Dividends declared - common stock (2,159,000)                         (2,159,000)              
Dividends declared – preferred stock     (2,475,000) $ (3,175,000) $ (7,149,000) $ (596,000)                   (2,475,000) (3,175,000) (7,149,000) (596,000)    
Contributions from noncontrolling interests 164,000                                     164,000  
Distributions to noncontrolling interests                                         (251,000)
Net income (loss) 23,254,000                         20,989,000           2,265,000 647,000
Redemption value adjustment - preferred stock (4,802,000)                         (4,802,000)              
Redemption value adjustment 206,000                         206,000             (206,000)
Ending balance (in shares) at Sep. 30, 2022             1,600,000       71,456,000                    
Ending balance at Sep. 30, 2022 $ 418,259,000           $ 16,000       $ 714,000 739,394,000   (307,745,000)           (14,120,000) 40,635,000
Beginning balance, temporary equity at Dec. 31, 2021       $ 65,426,000 $ 39,339,000 $ 715,000   $ 65,426,000 $ 39,339,000 $ 715,000                      
Increase (Decrease) in Temporary Equity [Roll Forward]                                          
Issuance of preferred stock (in shares)         7,151,000 1,040,000     7,175,000 1,040,000                      
Issuance of preferred stock                 $ 160,762,000 $ 25,101,000                      
Redemptions of preferred stock (in shares) (2,000)       (5,000)       (5,000) (2,000)                      
Redemptions of preferred stock $ (59,000)       $ (134,000)       $ (134,000) $ (59,000)                      
Redemption value adjustment - preferred stock                 $ 4,285,000 $ 517,000                      
Units outstanding at end of year (in shares) at Sep. 30, 2022       3,078,017 8,880,432 1,066,934   3,078,000 8,880,000 1,067,000                      
Ending balance, temporary equity at Sep. 30, 2022       $ 65,426,000 $ 204,252,000 $ 26,274,000   $ 65,426,000 $ 204,252,000 $ 26,274,000                      
Increase (Decrease) in Temporary Equity [Roll Forward]                                          
Units outstanding at beginning of year               3,078,000 4,508,000 396,000                      
Beginning balance (in shares) at Jun. 30, 2022             1,600,000       71,310,000                    
Beginning balance at Jun. 30, 2022 433,831,000           $ 16,000       $ 712,000 738,353,000   (290,307,000)           (14,943,000) 40,291,000
Increase (Decrease) in Stockholders' Equity [Roll Forward]                                          
Purchase of common stock (761,000)                     (760,000)                  
Purchase of common stock (in shares)                     (156,000)                    
Purchase of common stock                     $ (1,000)                    
Equity-based compensation 1,799,000                     1,799,000                 1,592,000
Issuance of restricted shares/units (in shares)                     304,000                    
Issuance of restricted shares/units 5,000                   $ 3,000 2,000                  
Forfeiture of restricted common shares (in shares)                     (2,000)                    
Dividends declared - common stock (719,000)                         (719,000)              
Dividends declared – preferred stock     $ (825,000) $ (1,059,000) $ (3,697,000) $ (447,000)                   $ (825,000) $ (1,059,000) $ (3,697,000) $ (447,000)    
Distributions to noncontrolling interests                                         (84,000)
Net income (loss) (7,217,000)                         (8,040,000)           823,000 (1,166,000)
Redemption value adjustment - preferred stock (2,649,000)                         (2,649,000)              
Redemption value adjustment (2,000)                         (2,000)             2,000
Ending balance (in shares) at Sep. 30, 2022             1,600,000       71,456,000                    
Ending balance at Sep. 30, 2022 $ 418,259,000           $ 16,000       $ 714,000 $ 739,394,000   $ (307,745,000)           $ (14,120,000) $ 40,635,000
Beginning balance, temporary equity at Jun. 30, 2022               $ 65,426,000 $ 103,697,000 $ 9,750,000                      
Increase (Decrease) in Temporary Equity [Roll Forward]                                          
Issuance of preferred stock (in shares)         4,362,000 673,000     4,375,000 673,000                      
Issuance of preferred stock                 $ 98,277,000 $ 16,296,000                      
Redemptions of preferred stock (in shares) (2,000)       (3,000)       (3,000) (2,000)                      
Redemptions of preferred stock $ (59,000)       $ (84,000)       $ (84,000) $ (59,000)                      
Redemption value adjustment - preferred stock                 $ 2,362,000 $ 287,000                      
Units outstanding at end of year (in shares) at Sep. 30, 2022       3,078,017 8,880,432 1,066,934   3,078,000 8,880,000 1,067,000                      
Ending balance, temporary equity at Sep. 30, 2022       $ 65,426,000 $ 204,252,000 $ 26,274,000   $ 65,426,000 $ 204,252,000 $ 26,274,000                      
Increase (Decrease) in Temporary Equity [Roll Forward]                                          
Units outstanding at beginning of year       3,078,017 8,880,432 1,066,934   3,078,000 8,880,000 1,067,000