v3.26.1
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2026
Dec. 31, 2025
ASSETS    
Investment in hotel properties, net $ 2,753,361 $ 2,771,180
Operating lease right-of-use assets, net 4,098 4,418
Cash and cash equivalents 91,134 109,189
Restricted cash 75,549 76,531
Accounts receivable, net 45,364 33,662
Prepaid expenses and other assets, net 40,637 34,025
Total assets 3,010,143 3,029,005
LIABILITIES    
Debt, net of unamortized deferred financing costs 942,715 918,086
Operating lease obligations 6,811 7,348
Accounts payable and accrued expenses 52,541 63,146
Dividends and distributions payable 21,305 22,975
Other liabilities 82,472 72,832
Total liabilities 1,105,844 1,084,387
Commitments and contingencies (Note 13)
STOCKHOLDERS' EQUITY    
Common stock, $0.01 par value, 500,000,000 shares authorized, 186,967,315 shares issued and outstanding at March 31, 2026 and 189,709,516 shares issued and outstanding at December 31, 2025 1,870 1,897
Additional paid in capital 2,268,217 2,298,398
Distributions in excess of retained earnings (636,333) (635,349)
Total stockholders' equity 1,904,299 1,944,618
Total liabilities and stockholders' equity 3,010,143 3,029,005
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 107,579 113,648
Series I Preferred Stock [Member]    
STOCKHOLDERS' EQUITY    
Cumulative Redeemable Preferred Stock $ 96,716 $ 99,774