v3.26.3
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2026
Dec. 31, 2025
ASSETS    
Investments in lodging property, net $ 2,522,801 $ 2,640,367
Assets held for sale, net 33,594 11,967
Cash and cash equivalents 61,287 36,110
Restricted cash 6,139 5,102
Right-of-use assets, net 31,332 32,028
Trade receivables, net 19,430 17,347
Prepaid expenses and other 13,144 7,104
Deferred charges, net 5,960 10,051
Other assets 26,273 15,954
Total assets 2,719,960 2,776,030
Liabilities:    
Debt, net of debt issuance costs 1,367,695 1,394,014
Lease liabilities, net 23,742 24,091
Accounts payable 9,649 7,537
Accrued expenses and other 94,462 76,417
Total liabilities 1,495,548 1,502,059
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, 107,853,243 and 108,798,686 shares issued and outstanding at September 30, 2026 and December 31, 2025, respectively 1,079 1,088
Additional paid-in capital 1,261,740 1,264,470
Accumulated other comprehensive income 9,137 2,115
Accumulated deficit and distributions in excess of retained earnings (445,330) (405,622)
Total stockholders’ equity 826,730 862,155
Non-controlling interests 347,463 361,597
Total equity 1,174,193 1,223,752
Total liabilities, redeemable non-controlling interests and equity 2,719,960 2,776,030
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