v3.26.1
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2026
Dec. 31, 2025
ASSETS    
Property and equipment, net $ 2,555,487 $ 2,596,458
Right-of-use assets 95,106 89,041
Restricted cash 39,884 35,137
Due from hotel managers 189,543 137,787
Prepaid and other assets 80,291 77,194
Cash and cash equivalents 105,980 68,084
Total assets 3,066,291 3,003,701
Liabilities:    
Debt, net of unamortized debt issuance costs 1,099,038 1,098,850
Lease liabilities 97,237 87,053
Due to hotel managers 138,906 109,568
Deferred rent 79,556 77,405
Unfavorable contract liabilities, net 55,720 56,549
Accounts payable and accrued expenses 40,344 83,888
Distributions declared and unpaid 19,678 25,903
Deferred income related to key money, net 6,917 7,400
Total liabilities 1,537,396 1,546,616
Equity:    
Common stock, $0.01 par value; 400,000,000 shares authorized; 204,505,826 and 203,703,182 shares issued and outstanding at June 30, 2026 and December 31, 2025, respectively 2,045 2,037
Additional paid-in capital 2,118,425 2,114,438
Accumulated other comprehensive loss (2,475) (6,381)
Distributions in excess of earnings (594,640) (662,209)
Total stockholders’ equity 1,523,355 1,447,885
Noncontrolling interests 5,540 9,200
Total equity 1,528,895 1,457,085
Total liabilities and equity $ 3,066,291 $ 3,003,701