v3.25.1
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2025
Dec. 31, 2024
ASSETS    
Investments in lodging property, net $ 2,727,510 $ 2,746,765
Investment in lodging property under development 10,578 7,617
Assets held for sale, net 0 1,225
Cash and cash equivalents 48,194 40,637
Restricted cash 8,138 7,721
Right-of-use assets, net 32,887 33,309
Trade receivables, net 23,568 18,625
Prepaid expenses and other 15,677 9,580
Deferred charges, net 10,632 6,460
Other assets 20,275 24,291
Total assets 2,897,459 2,896,230
Liabilities:    
Debt, net of debt issuance costs 1,417,690 1,396,710
Lease liabilities, net 24,584 24,871
Accounts payable 8,760 7,450
Accrued expenses and other 78,588 82,153
Total liabilities 1,529,622 1,511,184
Commitments and contingencies (Note 11) 0 0
Redeemable non-controlling interests 50,219 50,219
Preferred stock, $0.01 par value per share, 100,000,000 shares authorized:    
Common stock, $0.01 par value per share, 500,000,000 shares authorized, 112,221,768 and 108,435,663 shares issued and outstanding at March 31, 2025 and December 31, 2024, respectively 1,122 1,084
Additional paid-in capital 1,273,164 1,246,225
Accumulated other comprehensive income 6,453 9,173
Accumulated deficit and distributions in excess of retained earnings (360,404) (347,041)
Total stockholders’ equity 920,439 909,545
Non-controlling interests 397,179 425,282
Total equity 1,317,618 1,334,827
Total liabilities, redeemable non-controlling interests and equity 2,897,459 2,896,230
6.25% Series E Preferred Stock    
Preferred stock, $0.01 par value per share, 100,000,000 shares authorized:    
Preferred stock 64 64
5.875% Series F Preferred Stock    
Preferred stock, $0.01 par value per share, 100,000,000 shares authorized:    
Preferred stock $ 40 $ 40