v3.26.1
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2026
Dec. 31, 2025
ASSETS    
Investment in hotel properties, net $ 2,501,390 $ 2,771,180
Operating lease right-of-use assets, net 4,037 4,418
Cash and cash equivalents 94,431 109,189
Restricted cash 109,274 76,531
Accounts receivable, net 50,785 33,662
Prepaid expenses and other assets, net 35,649 34,025
Assets held for sale, net 239,155  
Total assets 3,034,721 3,029,005
LIABILITIES    
Debt, net of unamortized deferred financing costs 968,373 918,086
Operating lease obligations 6,525 7,348
Accounts payable and accrued expenses 53,580 63,146
Dividends and distributions payable 21,860 22,975
Other liabilities 103,563 72,832
Liabilities of assets held for sale 48  
Total liabilities 1,153,949 1,084,387
Commitments and contingencies (Note 14)
STOCKHOLDERS' EQUITY    
Common stock, $0.01 par value, 500,000,000 shares authorized, 185,944,329 shares issued and outstanding at June 30, 2026 and 189,709,516 shares issued and outstanding at December 31, 2025 1,859 1,897
Additional paid in capital 2,260,796 2,298,398
Distributions in excess of retained earnings (627,031) (635,349)
Total stockholders' equity 1,880,772 1,944,618
Total liabilities and stockholders' equity 3,034,721 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 99,368 113,648
Series I Preferred Stock [Member]    
STOCKHOLDERS' EQUITY    
Cumulative Redeemable Preferred Stock $ 79,530 $ 99,774