v3.25.1
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2025
Dec. 31, 2024
ASSETS    
Investment in hotel properties, net $ 2,855,188 $ 2,856,032
Operating lease right-of-use assets, net 7,782 8,464
Cash and Cash Equivalents, at Carrying Value 72,334 107,199
Restricted Cash 76,460 73,078
Accounts receivable, net 50,371 34,109
Prepaid expenses and other assets, net 34,547 27,757
Total assets 3,096,682 3,106,639
Liabilities [Abstract]    
Debt, net of unamortized deferred financing costs 841,559 841,047
Operating Lease, Liability 11,196 12,019
Accounts Payable and Other Accrued Liabilities 58,264 52,722
Dividends Payable 22,742 24,137
Other Liabilities 85,413 72,694
Total liabilities 1,019,174 1,002,619
Commitments and contingencies (Note 13)
Stockholders' equity:    
Common stock, $0.01 par value, 500,000,000 shares authorized, 200,369,510 shares issued and outstanding at March 31, 2025 and 200,824,993 shares issued and outstanding at December 31, 2024 2,004 2,008
Additional paid in capital 2,385,648 2,395,702
Distributions in excess of retained earnings (591,394) (574,940)
Total stockholders' equity 2,077,508 2,104,020
Total equity 2,077,508 2,104,020
Total liabilities and stockholders' equity 3,096,682 3,106,639
Series G Preferred Stock [Member]    
Stockholders' equity:    
Cumulative Redeemable Preferred Stock 66,250 66,250
Series H Preferred Stock [Member]    
Stockholders' equity:    
Cumulative Redeemable Preferred Stock 115,000 115,000
Series I Cumulative Redeemable Preferred Stock    
Stockholders' equity:    
Cumulative Redeemable Preferred Stock $ 100,000 $ 100,000