2023 Q1 Form 10-K Financial Statement

#000149764523000006 Filed on February 27, 2023

View on sec.gov

Income Statement

Concept 2023 Q1 2022 Q4 2022
Revenue $182.4M $172.3M $675.7M
YoY Change 28.56% 61.26% 86.69%
Cost Of Revenue $104.8M $100.4M $387.3M
YoY Change 26.88% 60.96% 81.73%
Gross Profit $77.59M $71.93M $288.4M
YoY Change 30.9% 61.69% 93.8%
Gross Profit Margin 42.54% 41.74% 42.68%
Selling, General & Admin $22.73M $16.91M $80.69M
YoY Change 2.04% -15.13% 14.0%
% of Gross Profit 29.29% 23.5% 27.98%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $36.91M $37.70M $149.5M
YoY Change 1.75% 44.0% 41.1%
% of Gross Profit 47.57% 52.41% 51.84%
Operating Expenses $59.39M $54.61M $229.7M
YoY Change 1.43% 18.45% 31.96%
Operating Profit $18.20M $17.33M $67.78M
YoY Change 2414.09% -1175.67% -303.76%
Interest Expense $20.91M -$19.38M $65.58M
YoY Change 55.58% 79.42% 51.22%
% of Operating Profit 114.87% -111.83% 96.75%
Other Income/Expense, Net -$20.64M -$472.0K -$62.95M
YoY Change 76.49% -127.03% 86.01%
Pretax Income -$2.442M -$13.12M $4.828M
YoY Change -77.75% 24.85% -107.19%
Income Tax -$500.0K -$1.036M $3.611M
% Of Pretax Income 74.79%
Net Earnings -$1.970M -$11.98M $1.217M
YoY Change -76.57% 8.75% -101.86%
Net Earnings / Revenue -1.08% -6.95% 0.18%
Basic Earnings Per Share -$0.05 -$0.16
Diluted Earnings Per Share -$0.05 -$0.11 -$0.16
COMMON SHARES
Basic Shares Outstanding 106.9M shares 106.9M shares 105.1M shares
Diluted Shares Outstanding 105.3M shares 105.1M shares

Balance Sheet

Concept 2023 Q1 2022 Q4 2022
SHORT-TERM ASSETS
Cash & Short-Term Investments $60.68M $51.26M $51.26M
YoY Change -26.36% -20.52% -20.52%
Cash & Equivalents $60.68M $51.26M $51.26M
Short-Term Investments
Other Short-Term Assets $19.35M $8.378M $3.681M
YoY Change 13.81% -65.8% -56.2%
Inventory
Prepaid Expenses
Receivables $24.07M $21.02M $21.02M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $104.1M $80.65M $75.95M
YoY Change -18.42% -22.05% -13.06%
LONG-TERM ASSETS
Property, Plant & Equipment $2.813B $2.828B $2.828B
YoY Change -2.35% 33.44% 33.44%
Goodwill
YoY Change
Intangibles $33.81M $34.84M
YoY Change -6.01% 221.62%
Long-Term Investments
YoY Change
Other Assets $97.26M $96.20M $96.31M
YoY Change 4.05% 158.39% 122.53%
Total Long-Term Assets $2.924B $2.942B $2.946B
YoY Change -1.84% 36.1% 35.31%
TOTAL ASSETS
Total Short-Term Assets $104.1M $80.65M $75.95M
Total Long-Term Assets $2.924B $2.942B $2.946B
Total Assets $3.028B $3.022B $3.022B
YoY Change -2.52% 33.44% 33.44%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $5.460M $5.517M $5.517M
YoY Change 2.23% 23.64% 23.64%
Accrued Expenses $112.8M $106.8M $96.93M
YoY Change 15.41% 27.96% 54.01%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $118.3M $112.3M $102.4M
YoY Change 14.72% 27.75% 52.0%
LONG-TERM LIABILITIES
Long-Term Debt $1.467B $1.452B $1.452B
YoY Change -1.0% 35.71% 35.71%
Other Long-Term Liabilities $9.863M
YoY Change -51.93%
Total Long-Term Liabilities $1.467B $1.452B $1.462B
YoY Change -1.0% 35.71% 34.06%
TOTAL LIABILITIES
Total Short-Term Liabilities $118.3M $112.3M $102.4M
Total Long-Term Liabilities $1.467B $1.452B $1.462B
Total Liabilities $1.585B $1.564B $2.062B
YoY Change 0.03% 35.1% 56.62%
SHAREHOLDERS EQUITY
Retained Earnings -$297.7M -$288.2M
YoY Change 8.24% 9.73%
Common Stock $1.075M $1.069M
YoY Change 0.56% 0.56%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $946.2M $959.8M $959.8M
YoY Change
Total Liabilities & Shareholders Equity $3.028B $3.022B $3.022B
YoY Change -2.52% 33.44% 33.44%

Cashflow Statement

Concept 2023 Q1 2022 Q4 2022
OPERATING ACTIVITIES
Net Income -$1.970M -$11.98M $1.217M
YoY Change -76.57% 8.75% -101.86%
Depreciation, Depletion And Amortization $36.91M $37.70M $149.5M
YoY Change 1.75% 44.0% 41.1%
Cash From Operating Activities $32.01M $33.93M $169.6M
YoY Change 25.49% 115.29% 156.79%
INVESTING ACTIVITIES
Capital Expenditures $0.00 $5.657M $286.7M
YoY Change -100.0% -121.87% -585.69%
Acquisitions
YoY Change
Other Investing Activities -$25.41M -$27.45M -$3.782M
YoY Change 107.21% -883.87% -75.13%
Cash From Investing Activities -$25.41M -$33.11M -$290.5M
YoY Change -91.08% 48.04% 291.29%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities $3.425M -30.26M $85.76M
YoY Change -98.77% -264.7% 29.47%
NET CHANGE
Cash From Operating Activities $32.01M 33.93M $169.6M
Cash From Investing Activities -$25.41M -33.11M -$290.5M
Cash From Financing Activities $3.425M -30.26M $85.76M
Net Change In Cash $10.02M -29.44M -$35.14M
YoY Change -45.2% -350.04% -160.53%
FREE CASH FLOW
Cash From Operating Activities $32.01M $33.93M $169.6M
Capital Expenditures $0.00 $5.657M $286.7M
Free Cash Flow $32.01M $28.28M -$117.1M
YoY Change -89.26% -32.07% -193.63%

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CY2020 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
104141000 shares
CY2022 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.08
CY2021 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0
CY2020 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.18
CY2022 us-gaap Profit Loss
ProfitLoss
1217000 usd
CY2021 us-gaap Profit Loss
ProfitLoss
-68584000 usd
CY2020 us-gaap Profit Loss
ProfitLoss
-149245000 usd
CY2022 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification And Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax
32564000 usd
CY2021 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification And Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax
15127000 usd
CY2020 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification And Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax
-14673000 usd
CY2022 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
33781000 usd
CY2021 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
-53457000 usd
CY2020 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
-163918000 usd
CY2022 us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
2138000 usd
CY2021 us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
-2990000 usd
CY2020 us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
-5931000 usd
CY2022 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
31643000 usd
CY2021 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-50467000 usd
CY2020 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-157987000 usd
CY2022 us-gaap Other Preferred Stock Dividends And Adjustments
OtherPreferredStockDividendsAndAdjustments
2520000 usd
CY2021 us-gaap Other Preferred Stock Dividends And Adjustments
OtherPreferredStockDividendsAndAdjustments
0 usd
CY2020 us-gaap Other Preferred Stock Dividends And Adjustments
OtherPreferredStockDividendsAndAdjustments
0 usd
CY2022 us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
15875000 usd
CY2021 us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
15431000 usd
CY2022 us-gaap Preferred Stock Redemption Premium
PreferredStockRedemptionPremium
0 usd
CY2021 us-gaap Preferred Stock Redemption Premium
PreferredStockRedemptionPremium
2710000 usd
CY2020 us-gaap Preferred Stock Redemption Premium
PreferredStockRedemptionPremium
0 usd
CY2022 inn Comprehensive Income Loss Available To Common Stockholders
ComprehensiveIncomeLossAvailableToCommonStockholders
13248000 usd
CY2021 inn Comprehensive Income Loss Available To Common Stockholders
ComprehensiveIncomeLossAvailableToCommonStockholders
-68608000 usd
CY2020 inn Comprehensive Income Loss Available To Common Stockholders
ComprehensiveIncomeLossAvailableToCommonStockholders
-172825000 usd
CY2019Q4 us-gaap Redeemable Noncontrolling Interest Equity Carrying Amount
RedeemableNoncontrollingInterestEquityCarryingAmount
0 usd
CY2019Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
1243390000 usd
CY2020 us-gaap Stock Issued During Period Value Conversion Of Units
StockIssuedDuringPeriodValueConversionOfUnits
0 usd
CY2020 inn Noncontrolling Interest Increase From Cash Contribution
NoncontrollingInterestIncreaseFromCashContribution
622000 usd
CY2020 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
18628000 usd
CY2020 us-gaap Dividends Preferred Stock Cash
DividendsPreferredStockCash
14890000 usd
CY2020 us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
490000 usd
CY2020 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
6476000 usd
CY2020 us-gaap Adjustments Related To Tax Withholding For Share Based Compensation
AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation
469000 usd
CY2020 us-gaap Stockholders Equity Other
StockholdersEquityOther
30000 usd
CY2022 us-gaap Stockholders Equity Other
StockholdersEquityOther
253000 usd
CY2020 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-14673000 usd
CY2020 us-gaap Profit Loss
ProfitLoss
-149245000 usd
CY2020Q4 us-gaap Redeemable Noncontrolling Interest Equity Carrying Amount
RedeemableNoncontrollingInterestEquityCarryingAmount
0 usd
CY2020Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
1052063000 usd
CY2021 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
96617000 usd
CY2021 us-gaap Stock Redeemed Or Called During Period Value
StockRedeemedOrCalledDuringPeriodValue
75000000 usd
CY2021 inn Capped Calls Purchased During Period In Connection With Convertible Senior Notes
CappedCallsPurchasedDuringPeriodInConnectionWithConvertibleSeniorNotes
21131000 usd
CY2021 inn Noncontrolling Interest Increase From Cash Contribution
NoncontrollingInterestIncreaseFromCashContribution
115546000 usd
CY2021 us-gaap Stock Issued During Period Value Conversion Of Units
StockIssuedDuringPeriodValueConversionOfUnits
0 usd
CY2021 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
-88000 usd
CY2021 us-gaap Dividends Preferred Stock Cash
DividendsPreferredStockCash
15521000 usd
CY2021 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
10681000 usd
CY2021 us-gaap Adjustments Related To Tax Withholding For Share Based Compensation
AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation
2694000 usd
CY2021 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
15127000 usd
CY2021 us-gaap Profit Loss
ProfitLoss
-68584000 usd
CY2021Q4 us-gaap Redeemable Noncontrolling Interest Equity Carrying Amount
RedeemableNoncontrollingInterestEquityCarryingAmount
0 usd
CY2021Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
1107192000 usd
CY2021Q4 us-gaap Redeemable Noncontrolling Interest Equity Carrying Amount
RedeemableNoncontrollingInterestEquityCarryingAmount
0 usd
CY2021Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
1107192000 usd
CY2022 us-gaap Temporary Equity Stock Issued During Period Value New Issues
TemporaryEquityStockIssuedDuringPeriodValueNewIssues
50000000 usd
CY2022 us-gaap Temporary Equity Accretion To Redemption Value
TemporaryEquityAccretionToRedemptionValue
2520000 usd
CY2022 inn Stockholders Equity Accretion To Redemption Value Adjustment
StockholdersEquityAccretionToRedemptionValueAdjustment
2520000 usd
CY2022 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
157513000 usd
CY2022 us-gaap Noncontrolling Interest Increase From Sale Of Parent Equity Interest
NoncontrollingInterestIncreaseFromSaleOfParentEquityInterest
674000 usd
CY2022 inn Noncontrolling Interest Increase From Cash Contribution
NoncontrollingInterestIncreaseFromCashContribution
211877000 usd
CY2022 us-gaap Stock Issued During Period Value Conversion Of Units
StockIssuedDuringPeriodValueConversionOfUnits
0 usd
CY2022 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
9911000 usd
CY2022 us-gaap Temporary Equity Dividends Adjustment
TemporaryEquityDividendsAdjustment
2301000 usd
CY2022 us-gaap Dividends Preferred Stock Cash
DividendsPreferredStockCash
16040000 usd
CY2022 us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
80353000 usd
CY2022 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
8446000 usd
CY2022 us-gaap Adjustments Related To Tax Withholding For Share Based Compensation
AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation
2456000 usd
CY2022 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
32564000 usd
CY2022 us-gaap Profit Loss
ProfitLoss
1217000 usd
CY2022Q4 us-gaap Redeemable Noncontrolling Interest Equity Carrying Amount
RedeemableNoncontrollingInterestEquityCarryingAmount
50219000 usd
CY2022Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
1407950000 usd
CY2022 us-gaap Profit Loss
ProfitLoss
1217000 usd
CY2021 us-gaap Profit Loss
ProfitLoss
-68584000 usd
CY2020 us-gaap Profit Loss
ProfitLoss
-149245000 usd
CY2022 us-gaap Depreciation And Amortization
DepreciationAndAmortization
150160000 usd
CY2021 us-gaap Depreciation And Amortization
DepreciationAndAmortization
105955000 usd
CY2020 us-gaap Depreciation And Amortization
DepreciationAndAmortization
109619000 usd
CY2022 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
5708000 usd
CY2021 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
4353000 usd
CY2020 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
2267000 usd
CY2022 us-gaap Asset Impairment Charges
AssetImpairmentCharges
10420000 usd
CY2021 us-gaap Asset Impairment Charges
AssetImpairmentCharges
4361000 usd
CY2020 us-gaap Asset Impairment Charges
AssetImpairmentCharges
1759000 usd
CY2022 us-gaap Provision For Loan Losses Expensed
ProvisionForLoanLossesExpensed
-1100000 usd
CY2021 us-gaap Provision For Loan Losses Expensed
ProvisionForLoanLossesExpensed
-2632000 usd
CY2020 us-gaap Provision For Loan Losses Expensed
ProvisionForLoanLossesExpensed
4821000 usd
CY2022 us-gaap Share Based Compensation
ShareBasedCompensation
8446000 usd
CY2021 us-gaap Share Based Compensation
ShareBasedCompensation
10681000 usd
CY2020 us-gaap Share Based Compensation
ShareBasedCompensation
6476000 usd
CY2022 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-59000 usd
CY2021 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-19000 usd
CY2020 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
2056000 usd
CY2022 us-gaap Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
20315000 usd
CY2021 us-gaap Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
240000 usd
CY2020 us-gaap Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
-16000 usd
CY2022 inn Noncash Interest Income
NoncashInterestIncome
113000 usd
CY2021 inn Noncash Interest Income
NoncashInterestIncome
1042000 usd
CY2020 inn Noncash Interest Income
NoncashInterestIncome
2848000 usd
CY2022 inn Debt Transaction Costs
DebtTransactionCosts
1528000 usd
CY2021 inn Debt Transaction Costs
DebtTransactionCosts
220000 usd
CY2020 inn Debt Transaction Costs
DebtTransactionCosts
365000 usd
CY2022 us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
-232000 usd
CY2021 us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
-412000 usd
CY2020 us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
-384000 usd
CY2022 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
7257000 usd
CY2021 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
2701000 usd
CY2020 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-1286000 usd
CY2022 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-1845000 usd
CY2021 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
1362000 usd
CY2020 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
997000 usd
CY2022 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
-438000 usd
CY2021 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
1854000 usd
CY2020 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
-1422000 usd
CY2022 us-gaap Increase Decrease In Accrued Liabilities And Other Operating Liabilities
IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities
19341000 usd
CY2021 us-gaap Increase Decrease In Accrued Liabilities And Other Operating Liabilities
IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities
14795000 usd
CY2020 us-gaap Increase Decrease In Accrued Liabilities And Other Operating Liabilities
IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities
-16589000 usd
CY2022 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
169615000 usd
CY2021 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
66051000 usd
CY2020 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-42052000 usd
CY2022 inn Payment To Acquire Hotel Properties And Land
PaymentToAcquireHotelPropertiesAndLand
286731000 usd
CY2021 inn Payment To Acquire Hotel Properties And Land
PaymentToAcquireHotelPropertiesAndLand
59036000 usd
CY2020 inn Payment To Acquire Hotel Properties And Land
PaymentToAcquireHotelPropertiesAndLand
0 usd
CY2022 us-gaap Payments For Capital Improvements
PaymentsForCapitalImprovements
76469000 usd
CY2021 us-gaap Payments For Capital Improvements
PaymentsForCapitalImprovements
20356000 usd
CY2020 us-gaap Payments For Capital Improvements
PaymentsForCapitalImprovements
22632000 usd
CY2022 us-gaap Proceeds From Sale Of Productive Assets
ProceedsFromSaleOfProductiveAssets
73758000 usd
CY2021 us-gaap Proceeds From Sale Of Productive Assets
ProceedsFromSaleOfProductiveAssets
0 usd
CY2020 us-gaap Proceeds From Sale Of Productive Assets
ProceedsFromSaleOfProductiveAssets
0 usd
CY2022 inn Contract Termination Payment For Asset Disposition
ContractTerminationPaymentForAssetDisposition
0 usd
CY2021 inn Contract Termination Payment For Asset Disposition
ContractTerminationPaymentForAssetDisposition
0 usd
CY2020 inn Contract Termination Payment For Asset Disposition
ContractTerminationPaymentForAssetDisposition
2200000 usd
CY2022 us-gaap Payments To Acquire Notes Receivable
PaymentsToAcquireNotesReceivable
2167000 usd
CY2021 us-gaap Payments To Acquire Notes Receivable
PaymentsToAcquireNotesReceivable
10045000 usd
CY2020 us-gaap Payments To Acquire Notes Receivable
PaymentsToAcquireNotesReceivable
9909000 usd
CY2022 us-gaap Proceeds From Sale And Collection Of Loans Receivable
ProceedsFromSaleAndCollectionOfLoansReceivable
1096000 usd
CY2021 us-gaap Proceeds From Sale And Collection Of Loans Receivable
ProceedsFromSaleAndCollectionOfLoansReceivable
25800000 usd
CY2020 us-gaap Proceeds From Sale And Collection Of Loans Receivable
ProceedsFromSaleAndCollectionOfLoansReceivable
4031000 usd
CY2022 inn Increase Decrease In Escrow Deposits And Deferred Acquisition Costs
IncreaseDecreaseInEscrowDepositsAndDeferredAcquisitionCosts
0 usd
CY2021 inn Increase Decrease In Escrow Deposits And Deferred Acquisition Costs
IncreaseDecreaseInEscrowDepositsAndDeferredAcquisitionCosts
-10607000 usd
CY2020 inn Increase Decrease In Escrow Deposits And Deferred Acquisition Costs
IncreaseDecreaseInEscrowDepositsAndDeferredAcquisitionCosts
0 usd
CY2022 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-290513000 usd
CY2021 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-74244000 usd
CY2020 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-30710000 usd
CY2022 us-gaap Proceeds From Issuance Of Debt
ProceedsFromIssuanceOfDebt
506500000 usd
CY2021 us-gaap Proceeds From Issuance Of Debt
ProceedsFromIssuanceOfDebt
331767000 usd
CY2020 us-gaap Proceeds From Issuance Of Debt
ProceedsFromIssuanceOfDebt
202500000 usd
CY2022 us-gaap Repayments Of Debt
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506898000 usd
CY2021 us-gaap Repayments Of Debt
RepaymentsOfDebt
351932000 usd
CY2020 us-gaap Repayments Of Debt
RepaymentsOfDebt
123748000 usd
CY2022 inn Proceeds From Sale Of Noncontrolling Interests
ProceedsFromSaleOfNoncontrollingInterests
674000 usd
CY2021 inn Proceeds From Sale Of Noncontrolling Interests
ProceedsFromSaleOfNoncontrollingInterests
0 usd
CY2020 inn Proceeds From Sale Of Noncontrolling Interests
ProceedsFromSaleOfNoncontrollingInterests
0 usd
CY2022 us-gaap Proceeds From Issuance Of Preferred Stock And Preference Stock
ProceedsFromIssuanceOfPreferredStockAndPreferenceStock
0 usd
CY2021 us-gaap Proceeds From Issuance Of Preferred Stock And Preference Stock
ProceedsFromIssuanceOfPreferredStockAndPreferenceStock
96617000 usd
CY2020 us-gaap Proceeds From Issuance Of Preferred Stock And Preference Stock
ProceedsFromIssuanceOfPreferredStockAndPreferenceStock
0 usd
CY2022 us-gaap Proceeds From Repurchase Of Redeemable Preferred Stock
ProceedsFromRepurchaseOfRedeemablePreferredStock
0 usd
CY2021 us-gaap Proceeds From Repurchase Of Redeemable Preferred Stock
ProceedsFromRepurchaseOfRedeemablePreferredStock
-75000000 usd
CY2020 us-gaap Proceeds From Repurchase Of Redeemable Preferred Stock
ProceedsFromRepurchaseOfRedeemablePreferredStock
0 usd
CY2022 inn Payment For Purchases Of Capped Call Options
PaymentForPurchasesOfCappedCallOptions
0 usd
CY2021 inn Payment For Purchases Of Capped Call Options
PaymentForPurchasesOfCappedCallOptions
21131000 usd
CY2020 inn Payment For Purchases Of Capped Call Options
PaymentForPurchasesOfCappedCallOptions
0 usd
CY2022 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
10048000 usd
CY2021 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
0 usd
CY2020 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
18832000 usd
CY2022 us-gaap Payments Of Dividends Preferred Stock And Preference Stock
PaymentsOfDividendsPreferredStockAndPreferenceStock
18341000 usd
CY2021 us-gaap Payments Of Dividends Preferred Stock And Preference Stock
PaymentsOfDividendsPreferredStockAndPreferenceStock
15521000 usd
CY2020 us-gaap Payments Of Dividends Preferred Stock And Preference Stock
PaymentsOfDividendsPreferredStockAndPreferenceStock
14926000 usd
CY2022 us-gaap Proceeds From Minority Shareholders
ProceedsFromMinorityShareholders
204125000 usd
CY2021 us-gaap Proceeds From Minority Shareholders
ProceedsFromMinorityShareholders
115546000 usd
CY2020 us-gaap Proceeds From Minority Shareholders
ProceedsFromMinorityShareholders
622000 usd
CY2022 us-gaap Payments Of Distributions To Affiliates
PaymentsOfDistributionsToAffiliates
80353000 usd
CY2021 us-gaap Payments Of Distributions To Affiliates
PaymentsOfDistributionsToAffiliates
0 usd
CY2020 us-gaap Payments Of Distributions To Affiliates
PaymentsOfDistributionsToAffiliates
490000 usd
CY2022 us-gaap Payments Of Financing Costs
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7441000 usd
CY2021 us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
11411000 usd
CY2020 us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
2832000 usd
CY2022 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
2456000 usd
CY2021 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
2694000 usd
CY2020 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
469000 usd
CY2022 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
85762000 usd
CY2021 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
66241000 usd
CY2020 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
41825000 usd
CY2022 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
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-35136000 usd
CY2021 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
58048000 usd
CY2020 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-30937000 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
96944000 usd
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
38896000 usd
CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
69833000 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
61808000 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
96944000 usd
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
38896000 usd
CY2022Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
51255000 usd
CY2021Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
64485000 usd
CY2020Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
20719000 usd
CY2022Q4 us-gaap Restricted Cash
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10553000 usd
CY2021Q4 us-gaap Restricted Cash
RestrictedCash
32459000 usd
CY2020Q4 us-gaap Restricted Cash
RestrictedCash
18177000 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
61808000 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
96944000 usd
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
38896000 usd
CY2022 us-gaap Nature Of Operations
NatureOfOperations
DESCRIPTION OF BUSINESS<div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">General</span></div><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> </span></div><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Summit Hotel Properties, Inc. (the “Company”) is a self-managed lodging property investment company that was organized on June 30, 2010 as a Maryland corporation. The Company holds both general and limited partnership interests in Summit Hotel OP, LP (the “Operating Partnership”), a Delaware limited partnership also organized on June 30, 2010. Unless the context otherwise requires, “we”, “us”, and “our” refer to the Company and its consolidated subsidiaries.</span></div><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> </span></div><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">We focus on owning lodging properties with efficient operating models that generate strong margins and investment returns. At December 31, 2022, our portfolio consisted of 103 lodging properties with a total of 15,334 guestrooms located in 24 states. At December 31, 2022, we own 100% of the outstanding equity interests in 61 of 103 of our lodging properties. We own a 51% controlling interest in 39 hotels through a joint venture with the sovereign wealth fund of Singapore (the "GIC Joint Venture"), and two 90% equity interests in separate joint ventures (the "Brickell Joint Venture" and the "Onera Joint Venture"). The Brickell Joint Venture owns two lodging properties and the Onera Joint Venture owns one lodging property.</span></div><div><span><br/></span></div><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">As of December 31, 2022, 86% of our guestrooms were located in the top 50 metropolitan statistical areas (“MSAs”), 91% were located within the top 100 MSAs and 15,323 of our guestrooms operated under premium franchise brands owned by Marriott® International, Inc. (“Marriott”), Hilton® Worldwide (“Hilton”), Hyatt® Hotels Corporation (“Hyatt”), and InterContinental® Hotels Group (“IHG”). </span></div><div><span><br/></span></div><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">We have elected to be taxed as a real estate investment trust (“REIT”) for federal income tax purposes. To qualify as a REIT, we cannot operate or manage our lodging properties. Accordingly, all of our lodging properties are leased to our taxable REIT subsidiaries (“TRS Lessees”). </span></div><div><span><br/></span></div><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Risks and Uncertainties</span></div>Beginning in March 2020, we experienced the negative effects of the novel coronavirus, designated as COVID-19 (“COVID-19”) and its variants (collectively, the "Pandemic"), which had a significant negative effect on the U.S. and global economies, including a rapid and sharp decline in all forms of travel, both domestic and international, and a significant decline in hotel demand. As such, we experienced a substantial decline in our revenues, profitability and cash flows from operations during the years ended December 31, 2020 and 2021. During the year ended December 31, 2022, the effects of the Pandemic had greatly diminished, and we experienced significant improvement in our business, driven primarily by leisure travel and to a lesser extent modest improvement in other demand segments, including business and group travel.
CY2022Q4 us-gaap Number Of States In Which Entity Operates
NumberOfStatesInWhichEntityOperates
24 state
CY2022Q4 inn Percentage Of Guestrooms Located In Top50 Metropolitan Statistical Areas
PercentageOfGuestroomsLocatedInTop50MetropolitanStatisticalAreas
0.86
CY2022Q4 inn Percentage Of Guestrooms Located In Top100 Metropolitan Statistical Areas
PercentageOfGuestroomsLocatedInTop100MetropolitanStatisticalAreas
0.91
CY2022 us-gaap Number Of Reportable Segments
NumberOfReportableSegments
1 segment
CY2022 us-gaap Number Of Reportable Segments
NumberOfReportableSegments
1 segment
CY2022Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
100000 usd
CY2021Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
200000 usd
CY2022 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
300000 usd
CY2021 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
400000 usd
CY2020 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
600000 usd
CY2022Q4 us-gaap Indefinite Lived Intangible Assets Excluding Goodwill
IndefiniteLivedIntangibleAssetsExcludingGoodwill
10834000 usd
CY2021Q4 us-gaap Indefinite Lived Intangible Assets Excluding Goodwill
IndefiniteLivedIntangibleAssetsExcludingGoodwill
10834000 usd
CY2022 us-gaap Use Of Estimates
UseOfEstimates
<div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Use of Estimates</span></div><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> </span></div>Our Consolidated Financial Statements are prepared in conformity with GAAP, which requires us to make estimates based on assumptions about current and, for some estimates, future economic and market conditions that affect reported amounts and related disclosures in our Consolidated Financial Statements. Although our current estimates contemplate current and expected future conditions, as applicable, it is reasonably possible that actual conditions could materially differ from our expectations, which could materially affect our consolidated financial position and results of operations.
CY2022 us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
<div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Reclassifications</span></div><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> </span></div><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Certain amounts at December 31, 2021 related to intangible assets totaling approximately $3.5 million and accumulated amortization of approximately $1.0 million have been reclassified within Investments in Lodging Property, net to conform to the current period presentation.</span></div>
CY2022Q4 inn Investment In Lodging Property At Cost Excluding Undeveloped Land
InvestmentInLodgingPropertyAtCostExcludingUndevelopedLand
3483125000 usd
CY2021Q4 inn Investment In Lodging Property At Cost Excluding Undeveloped Land
InvestmentInLodgingPropertyAtCostExcludingUndevelopedLand
2675053000 usd
CY2022Q4 inn Real Estate Investment Property Excluding Undeveloped Land Accumulated Depreciation And Amortization
RealEstateInvestmentPropertyExcludingUndevelopedLandAccumulatedDepreciationAndAmortization
690573000 usd
CY2021Q4 inn Real Estate Investment Property Excluding Undeveloped Land Accumulated Depreciation And Amortization
RealEstateInvestmentPropertyExcludingUndevelopedLandAccumulatedDepreciationAndAmortization
583080000 usd
CY2022Q4 inn Lodging Property Investment Net Excluding Undeveloped Land
LodgingPropertyInvestmentNetExcludingUndevelopedLand
2792552000 usd
CY2021Q4 inn Lodging Property Investment Net Excluding Undeveloped Land
LodgingPropertyInvestmentNetExcludingUndevelopedLand
2091973000 usd
CY2022 us-gaap Depreciation
Depreciation
149500000 usd
CY2021 us-gaap Depreciation
Depreciation
105500000 usd
CY2020 us-gaap Depreciation
Depreciation
109200000 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
29120000 usd
CY2021Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
0 usd
CY2022Q4 us-gaap Intangible Assets Gross Excluding Goodwill
IntangibleAssetsGrossExcludingGoodwill
39954000 usd
CY2021Q4 us-gaap Intangible Assets Gross Excluding Goodwill
IntangibleAssetsGrossExcludingGoodwill
10834000 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
5110000 usd
CY2021Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
0 usd
CY2022Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
34844000 usd
CY2021Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
10834000 usd
CY2022 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
4000000 usd
CY2021 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
0 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
4331000 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
4296000 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
1625000 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
1625000 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
1625000 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Amortization Expense After Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseAfterYearFive
10508000 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
24010000 usd
CY2021Q2 inn Consideration For Hotel Property Portfolio Activity
ConsiderationForHotelPropertyPortfolioActivity
172000000 usd
CY2021Q2 inn Adjustment To Additional Paid In Capital Contribution By Non Controlling Interest In Joint Venture
AdjustmentToAdditionalPaidInCapitalContributionByNonControllingInterestInJointVenture
16400000 usd
CY2022 inn Investment In Hotel Properties Transfer Taxes
InvestmentInHotelPropertiesTransferTaxes
1800000 usd
CY2022 inn Investment In Hotel Properties Legal Costs
InvestmentInHotelPropertiesLegalCosts
300000 usd
CY2022 inn Investment In Hotel Properties Transfer Taxes
InvestmentInHotelPropertiesTransferTaxes
1800000 usd
CY2022Q4 us-gaap Number Of Real Estate Properties
NumberOfRealEstateProperties
3984 room
CY2021Q4 us-gaap Number Of Real Estate Properties
NumberOfRealEstateProperties
230 room
CY2021 us-gaap Asset Acquisition Consideration Transferred
AssetAcquisitionConsiderationTransferred
58500000 usd
CY2021Q4 inn Asset Acquisition Net Working Capital Assets
AssetAcquisitionNetWorkingCapitalAssets
200000 usd
CY2021Q4 inn Asset Acquisition Capitalized Transaction Costs
AssetAcquisitionCapitalizedTransactionCosts
400000 usd
CY2021Q4 inn Asset Acquisition Restricted Cash Reserves
AssetAcquisitionRestrictedCashReserves
5100000 usd
CY2021Q4 inn Asset Acquisition Net Debt
AssetAcquisitionNetDebt
13300000 usd
CY2021Q4 inn Asset Acquisition Deferred Financing Costs
AssetAcquisitionDeferredFinancingCosts
200000 usd
CY2022Q4 inn Asset Acquisition Land
AssetAcquisitionLand
68426000 usd
CY2021Q4 inn Asset Acquisition Land
AssetAcquisitionLand
3673000 usd
CY2022Q4 inn Asset Acquisition Hotel Buildings And Improvements
AssetAcquisitionHotelBuildingsAndImprovements
756551000 usd
CY2021Q4 inn Asset Acquisition Hotel Buildings And Improvements
AssetAcquisitionHotelBuildingsAndImprovements
52226000 usd
CY2022Q4 inn Asset Acquisition Intangible Assets
AssetAcquisitionIntangibleAssets
25642000 usd
CY2021Q4 inn Asset Acquisition Intangible Assets
AssetAcquisitionIntangibleAssets
0 usd
CY2022Q4 inn Asset Acquisition Furniture Fixtures And Equipment
AssetAcquisitionFurnitureFixturesAndEquipment
82730000 usd
CY2021Q4 inn Asset Acquisition Furniture Fixtures And Equipment
AssetAcquisitionFurnitureFixturesAndEquipment
2946000 usd
CY2022Q4 inn Asset Acquisition Restricted Cash Reserves
AssetAcquisitionRestrictedCashReserves
0 usd
CY2021Q4 inn Asset Acquisition Restricted Cash Reserves
AssetAcquisitionRestrictedCashReserves
5118000 usd
CY2022Q4 inn Asset Acquisition Other Assets
AssetAcquisitionOtherAssets
5318000 usd
CY2021Q4 inn Asset Acquisition Other Assets
AssetAcquisitionOtherAssets
405000 usd
CY2022Q4 inn Asset Acquisition Total Assets Acquired
AssetAcquisitionTotalAssetsAcquired
938667000 usd
CY2021Q4 inn Asset Acquisition Total Assets Acquired
AssetAcquisitionTotalAssetsAcquired
64368000 usd
CY2022Q4 inn Asset Acquisition Net Debt
AssetAcquisitionNetDebt
382205000 usd
CY2021Q4 inn Asset Acquisition Net Debt
AssetAcquisitionNetDebt
13267000 usd
CY2022Q4 inn Asset Acquisition Deferred Financing Costs
AssetAcquisitionDeferredFinancingCosts
0 usd
CY2021Q4 inn Asset Acquisition Deferred Financing Costs
AssetAcquisitionDeferredFinancingCosts
236000 usd
CY2022Q4 inn Asset Acquisition Lease Liability Assumed
AssetAcquisitionLeaseLiabilityAssumed
5441000 usd
CY2021Q4 inn Asset Acquisition Lease Liability Assumed
AssetAcquisitionLeaseLiabilityAssumed
0 usd
CY2022Q4 inn Asset Acquisition Other Liabilities
AssetAcquisitionOtherLiabilities
5892000 usd
CY2021Q4 inn Asset Acquisition Other Liabilities
AssetAcquisitionOtherLiabilities
214000 usd
CY2022Q4 inn Asset Acquisition Assets Acquired And Liabilities Assumed Net
AssetAcquisitionAssetsAcquiredAndLiabilitiesAssumedNet
545129000 usd
CY2021Q4 inn Asset Acquisition Assets Acquired And Liabilities Assumed Net
AssetAcquisitionAssetsAcquiredAndLiabilitiesAssumedNet
51123000 usd
CY2022 inn Asset Acquisition Purchase Price
AssetAcquisitionPurchasePrice
907300000 usd
CY2022 inn Asset Acquisition Consideration Transferred Equity Interest Issued And Issuable At Nci Transactions
AssetAcquisitionConsiderationTransferredEquityInterestIssuedAndIssuableAtNCITransactions
3500000 usd
CY2022 us-gaap Minority Interest Decrease From Redemptions
MinorityInterestDecreaseFromRedemptions
2500000 usd
CY2022 us-gaap Asset Acquisition Consideration Transferred Transaction Cost
AssetAcquisitionConsiderationTransferredTransactionCost
3000000 usd
CY2022 us-gaap Asset Acquisition Consideration Transferred Other Assets
AssetAcquisitionConsiderationTransferredOtherAssets
9000000 usd
CY2021 us-gaap Asset Acquisition Consideration Transferred
AssetAcquisitionConsiderationTransferred
58500000 usd
CY2021Q4 inn Asset Acquisition Net Working Capital Assets
AssetAcquisitionNetWorkingCapitalAssets
200000 usd
CY2021Q4 inn Asset Acquisition Capitalized Transaction Costs
AssetAcquisitionCapitalizedTransactionCosts
400000 usd
CY2021Q4 inn Asset Acquisition Restricted Cash Reserves
AssetAcquisitionRestrictedCashReserves
5100000 usd
CY2021Q4 inn Asset Acquisition Net Debt
AssetAcquisitionNetDebt
13300000 usd
CY2021Q4 inn Asset Acquisition Deferred Financing Costs
AssetAcquisitionDeferredFinancingCosts
200000 usd
CY2021 us-gaap Asset Impairment Charges
AssetImpairmentCharges
4400000 usd
CY2020 us-gaap Asset Impairment Charges
AssetImpairmentCharges
1800000 usd
CY2022Q3 inn Financing Receivable Number Of Loans Repaid
FinancingReceivableNumberOfLoansRepaid
1 loan
CY2022Q3 inn Financing Receivable Total Number Of Loans Receivable
FinancingReceivableTotalNumberOfLoansReceivable
2 loan
CY2022Q4 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
10553000 usd
CY2021Q4 us-gaap Prepaid Expense And Other Assets
PrepaidExpenseAndOtherAssets
24496000 usd
CY2021Q4 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
32459000 usd
CY2022Q4 inn Deferred Acquisition Costs
DeferredAcquisitionCosts
334000 usd
CY2021Q4 inn Deferred Acquisition Costs
DeferredAcquisitionCosts
6763000 usd
CY2022Q4 us-gaap Prepaid Insurance
PrepaidInsurance
1708000 usd
CY2021Q4 us-gaap Prepaid Insurance
PrepaidInsurance
6713000 usd
CY2022Q4 us-gaap Escrow Deposit
EscrowDeposit
0 usd
CY2021Q4 us-gaap Escrow Deposit
EscrowDeposit
6000000 usd
CY2022Q4 us-gaap Prepaid Taxes
PrepaidTaxes
1639000 usd
CY2021Q4 us-gaap Prepaid Taxes
PrepaidTaxes
1691000 usd
CY2022Q4 inn Other Prepaid Expense Current And Noncurrent
OtherPrepaidExpenseCurrentAndNoncurrent
4697000 usd
CY2021Q4 inn Other Prepaid Expense Current And Noncurrent
OtherPrepaidExpenseCurrentAndNoncurrent
3329000 usd
CY2022Q4 us-gaap Prepaid Expense And Other Assets
PrepaidExpenseAndOtherAssets
8378000 usd
CY2022Q4 inn Initial Franchise Fees Gross
InitialFranchiseFeesGross
10079000 usd
CY2021Q4 inn Initial Franchise Fees Gross
InitialFranchiseFeesGross
7034000 usd
CY2022Q4 inn Accumulated Amortization Deferred Costs
AccumulatedAmortizationDeferredCosts
3005000 usd
CY2021Q4 inn Accumulated Amortization Deferred Costs
AccumulatedAmortizationDeferredCosts
2687000 usd
CY2022Q4 inn Deferred Costs Net
DeferredCostsNet
7074000 usd
CY2021Q4 inn Deferred Costs Net
DeferredCostsNet
4347000 usd
CY2022 us-gaap Amortization Of Deferred Charges
AmortizationOfDeferredCharges
700000 usd
CY2021 us-gaap Amortization Of Deferred Charges
AmortizationOfDeferredCharges
500000 usd
CY2020 us-gaap Amortization Of Deferred Charges
AmortizationOfDeferredCharges
500000 usd
CY2022Q4 us-gaap Derivative Instruments And Hedges
DerivativeInstrumentsAndHedges
16841000 usd
CY2021Q4 us-gaap Derivative Instruments And Hedges
DerivativeInstrumentsAndHedges
0 usd
CY2022Q4 inn Financing Receivable Purchase Options Related To Real Estate Loans
FinancingReceivablePurchaseOptionsRelatedToRealEstateLoans
0 usd
CY2021Q4 inn Financing Receivable Purchase Options Related To Real Estate Loans
FinancingReceivablePurchaseOptionsRelatedToRealEstateLoans
2800000 usd
CY2022Q4 inn Gross Deferred Tax Asset Noncurrent
GrossDeferredTaxAssetNoncurrent
108000 usd
CY2021Q4 inn Gross Deferred Tax Asset Noncurrent
GrossDeferredTaxAssetNoncurrent
49000 usd
CY2022Q4 us-gaap Other Assets Miscellaneous
OtherAssetsMiscellaneous
895000 usd
CY2021Q4 us-gaap Other Assets Miscellaneous
OtherAssetsMiscellaneous
950000 usd
CY2022Q4 us-gaap Other Assets
OtherAssets
17844000 usd
CY2021Q4 us-gaap Other Assets
OtherAssets
3799000 usd
CY2022Q4 us-gaap Taxes Payable Current And Noncurrent
TaxesPayableCurrentAndNoncurrent
28972000 usd
CY2021Q4 us-gaap Taxes Payable Current And Noncurrent
TaxesPayableCurrentAndNoncurrent
17448000 usd
CY2022Q4 us-gaap Derivative Liabilities
DerivativeLiabilities
0 usd
CY2021Q4 us-gaap Derivative Liabilities
DerivativeLiabilities
15723000 usd
CY2022Q4 us-gaap Employee Related Liabilities Current And Noncurrent
EmployeeRelatedLiabilitiesCurrentAndNoncurrent
13029000 usd
CY2021Q4 us-gaap Employee Related Liabilities Current And Noncurrent
EmployeeRelatedLiabilitiesCurrentAndNoncurrent
13679000 usd
CY2022Q4 inn Other Accrued Expenses At Hotels
OtherAccruedExpensesAtHotels
25282000 usd
CY2021Q4 inn Other Accrued Expenses At Hotels
OtherAccruedExpensesAtHotels
11880000 usd
CY2022Q4 us-gaap Interest Payable Current And Noncurrent
InterestPayableCurrentAndNoncurrent
4158000 usd
CY2021Q4 us-gaap Interest Payable Current And Noncurrent
InterestPayableCurrentAndNoncurrent
2695000 usd
CY2022Q4 us-gaap Other Accrued Liabilities Current And Noncurrent
OtherAccruedLiabilitiesCurrentAndNoncurrent
9863000 usd
CY2021Q4 us-gaap Other Accrued Liabilities Current And Noncurrent
OtherAccruedLiabilitiesCurrentAndNoncurrent
4794000 usd
CY2022Q4 inn Accrued And Other Liabilities
AccruedAndOtherLiabilities
81304000 usd
CY2021Q4 inn Accrued And Other Liabilities
AccruedAndOtherLiabilities
66219000 usd
CY2022Q4 us-gaap Debt Weighted Average Interest Rate
DebtWeightedAverageInterestRate
0.0504
CY2021Q4 us-gaap Debt Weighted Average Interest Rate
DebtWeightedAverageInterestRate
0.0335
CY2022 inn Debt Instrument Number Of Extensions
DebtInstrumentNumberOfExtensions
2 renewaloption
CY2022Q4 us-gaap Share Price
SharePrice
8.72
CY2022Q4 inn Debt Instrument Collateral Number Of Real Estate Properties Available To Be Contributed
DebtInstrumentCollateralNumberOfRealEstatePropertiesAvailableToBeContributed
11 hotel
CY2022Q4 inn Mortgage Loans On Real Estate Number Of Real Estate Properties Encumbered
MortgageLoansOnRealEstateNumberOfRealEstatePropertiesEncumbered
8 property
CY2022Q4 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
1463124000 usd
CY2021Q4 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
1081315000 usd
CY2022Q4 us-gaap Unamortized Debt Issuance Expense
UnamortizedDebtIssuanceExpense
11328000 usd
CY2021Q4 us-gaap Unamortized Debt Issuance Expense
UnamortizedDebtIssuanceExpense
11518000 usd
CY2022Q4 us-gaap Long Term Debt
LongTermDebt
1451796000 usd
CY2021Q4 us-gaap Long Term Debt
LongTermDebt
1069797000 usd
CY2022Q4 us-gaap Longterm Debt Percentage Bearing Fixed Interest Amount
LongtermDebtPercentageBearingFixedInterestAmount
758433000 usd
CY2022Q4 us-gaap Long Term Debt Percentage Bearing Fixed Interest Rate
LongTermDebtPercentageBearingFixedInterestRate
0.52
CY2021Q4 us-gaap Longterm Debt Percentage Bearing Fixed Interest Amount
LongtermDebtPercentageBearingFixedInterestAmount
842858000 usd
CY2021Q4 us-gaap Long Term Debt Percentage Bearing Fixed Interest Rate
LongTermDebtPercentageBearingFixedInterestRate
0.78
CY2022Q4 us-gaap Longterm Debt Percentage Bearing Variable Interest Amount
LongtermDebtPercentageBearingVariableInterestAmount
704691000 usd
CY2022Q4 us-gaap Long Term Debt Percentage Bearing Variable Interest Rate
LongTermDebtPercentageBearingVariableInterestRate
0.48
CY2021Q4 us-gaap Longterm Debt Percentage Bearing Variable Interest Amount
LongtermDebtPercentageBearingVariableInterestAmount
238457000 usd
CY2021Q4 us-gaap Long Term Debt Percentage Bearing Variable Interest Rate
LongTermDebtPercentageBearingVariableInterestRate
0.22
CY2022Q4 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
1463124000 usd
CY2021Q4 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
1081315000 usd
CY2022Q4 us-gaap Derivative Number Of Instruments Held
DerivativeNumberOfInstrumentsHeld
2 debt_instrument
CY2022Q4 inn Derivative Notional Amount Expiring
DerivativeNotionalAmountExpiring
200000000 usd
CY2022Q4 us-gaap Derivative Number Of Instruments Held
DerivativeNumberOfInstrumentsHeld
2 debt_instrument
CY2022Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths
217190000 usd
CY2022Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
216579000 usd
CY2022Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
229123000 usd
CY2022Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
744112000 usd
CY2022Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive
39318000 usd
CY2022Q4 us-gaap Long Term Debt Maturities Repayments Of Principal After Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFive
16802000 usd
CY2022Q4 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
1463124000 usd
CY2022 us-gaap Rental Income Nonoperating
RentalIncomeNonoperating
8900000 usd
CY2021 us-gaap Rental Income Nonoperating
RentalIncomeNonoperating
1900000 usd
CY2020 us-gaap Rental Income Nonoperating
RentalIncomeNonoperating
1700000 usd
CY2022Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.048
CY2022 us-gaap Operating Lease Cost
OperatingLeaseCost
4100000 usd
CY2021 us-gaap Operating Lease Cost
OperatingLeaseCost
3300000 usd
CY2020 us-gaap Operating Lease Cost
OperatingLeaseCost
3100000 usd
CY2022 us-gaap Operating Lease Payments
OperatingLeasePayments
3700000 usd
CY2021 us-gaap Operating Lease Payments
OperatingLeasePayments
3100000 usd
CY2020 us-gaap Operating Lease Payments
OperatingLeasePayments
2800000 usd
CY2022Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P34Y
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
1942000 usd
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
1904000 usd
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
1925000 usd
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
1959000 usd
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
2042000 usd
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
37955000 usd
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due
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22243000 usd
CY2022Q4 us-gaap Operating Lease Liability
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25484000 usd
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P7Y
CY2022Q4 us-gaap Common Stock Shares Authorized
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500000000 shares
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0.01
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106337724 shares
CY2020Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
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CY2022 us-gaap Stock Issued During Period Shares Share Based Compensation Gross
StockIssuedDuringPeriodSharesShareBasedCompensationGross
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CY2021 us-gaap Stock Issued During Period Shares Share Based Compensation Gross
StockIssuedDuringPeriodSharesShareBasedCompensationGross
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CY2022 us-gaap Stock Issued During Period Shares Conversion Of Units
StockIssuedDuringPeriodSharesConversionOfUnits
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CY2021 us-gaap Stock Issued During Period Shares Conversion Of Units
StockIssuedDuringPeriodSharesConversionOfUnits
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CY2022 us-gaap Stock Issued During Period Shares Share Based Compensation Forfeited
StockIssuedDuringPeriodSharesShareBasedCompensationForfeited
8272 shares
CY2021 us-gaap Stock Issued During Period Shares Share Based Compensation Forfeited
StockIssuedDuringPeriodSharesShareBasedCompensationForfeited
61996 shares
CY2022 us-gaap Shares Paid For Tax Withholding For Share Based Compensation
SharesPaidForTaxWithholdingForShareBasedCompensation
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CY2021 us-gaap Shares Paid For Tax Withholding For Share Based Compensation
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CY2022Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
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CY2021Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
106337724 shares
CY2022Q4 us-gaap Common Stock Capital Shares Reserved For Future Issuance
CommonStockCapitalSharesReservedForFutureIssuance
51650000 shares
CY2021Q4 us-gaap Common Stock Capital Shares Reserved For Future Issuance
CommonStockCapitalSharesReservedForFutureIssuance
15864515 shares
CY2022Q4 us-gaap Preferred Stock Shares Authorized
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100000000 shares
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CY2022 inn Number Of Joint Ventures Entered Into
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CY2022Q4 inn Redeemable Common Unit Conversion Ratio
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CY2021 us-gaap Asset Impairment Charges
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4400000 usd
CY2021 us-gaap Asset Impairment Charges
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4400000 usd
CY2020Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
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235000 shares
CY2020Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
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235000 shares
CY2022Q4 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized
8200000 usd
CY2022Q4 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized
8228000 usd
CY2022Q4 inn Share Based Payment Arrangement Nonvested Award Cost Not Yet Recognized Amount Remainder Of Fiscal Year
ShareBasedPaymentArrangementNonvestedAwardCostNotYetRecognizedAmountRemainderOfFiscalYear
4874000 usd
CY2022Q4 inn Share Based Payment Arrangement Nonvested Award Cost Not Yet Recognized Amount Year One
ShareBasedPaymentArrangementNonvestedAwardCostNotYetRecognizedAmountYearOne
2918000 usd
CY2022Q4 inn Share Based Payment Arrangement Nonvested Award Cost Not Yet Recognized Amount Year Two
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436000 usd
CY2022 us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
400000 usd
CY2020 us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
300000 usd
CY2021 us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
300000 usd
CY2022 inn Number Of Year Cumulative Loss
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CY2022 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
1953000 usd
CY2021 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
1036000 usd
CY2020 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
-904000 usd
CY2022 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
1717000 usd
CY2021 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
456000 usd
CY2020 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
224000 usd
CY2022 us-gaap Deferred Federal Income Tax Expense Benefit
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CY2021 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
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CY2020 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
1548000 usd
CY2022 us-gaap Deferred State And Local Income Tax Expense Benefit
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0 usd
CY2021 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
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CY2020 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
508000 usd
CY2022 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
3611000 usd
CY2021 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
1473000 usd
CY2020 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
1376000 usd
CY2022 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
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CY2021 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
-14093000 usd
CY2020 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
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CY2022 us-gaap Income Tax Reconciliation Tax Exempt Income
IncomeTaxReconciliationTaxExemptIncome
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CY2021 us-gaap Income Tax Reconciliation Tax Exempt Income
IncomeTaxReconciliationTaxExemptIncome
-16812000 usd
CY2020 us-gaap Income Tax Reconciliation Tax Exempt Income
IncomeTaxReconciliationTaxExemptIncome
-19963000 usd
CY2022 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
1644000 usd
CY2021 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
891000 usd
CY2020 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
-3079000 usd
CY2022 inn Effective Income Tax Rate Reconciliation Provisionto Returnand Deferred Adjustment Amount
EffectiveIncomeTaxRateReconciliationProvisiontoReturnandDeferredAdjustmentAmount
81000 usd
CY2021 inn Effective Income Tax Rate Reconciliation Provisionto Returnand Deferred Adjustment Amount
EffectiveIncomeTaxRateReconciliationProvisiontoReturnandDeferredAdjustmentAmount
0 usd
CY2020 inn Effective Income Tax Rate Reconciliation Provisionto Returnand Deferred Adjustment Amount
EffectiveIncomeTaxRateReconciliationProvisiontoReturnandDeferredAdjustmentAmount
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CY2022 inn Effective Income Tax Rate Reconciliation Effect Of Permanent Differences And Other
EffectiveIncomeTaxRateReconciliationEffectOfPermanentDifferencesAndOther
246000 usd
CY2021 inn Effective Income Tax Rate Reconciliation Effect Of Permanent Differences And Other
EffectiveIncomeTaxRateReconciliationEffectOfPermanentDifferencesAndOther
99000 usd
CY2020 inn Effective Income Tax Rate Reconciliation Effect Of Permanent Differences And Other
EffectiveIncomeTaxRateReconciliationEffectOfPermanentDifferencesAndOther
319000 usd
CY2022 us-gaap Income Tax Reconciliation Disposition Of Assets
IncomeTaxReconciliationDispositionOfAssets
730000 usd
CY2021 us-gaap Income Tax Reconciliation Disposition Of Assets
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0 usd
CY2020 us-gaap Income Tax Reconciliation Disposition Of Assets
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CY2022 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
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CY2021 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
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CY2020 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
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CY2022 us-gaap Income Tax Expense Benefit
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CY2021 us-gaap Income Tax Expense Benefit
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CY2020 us-gaap Income Tax Expense Benefit
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CY2021Q4 us-gaap Deferred Tax Assets Valuation Allowance
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CY2022 inn Deferred Tax Assets Decrease From Sale Of Subsidiary
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CY2022 us-gaap Discontinued Operation Gain Loss On Disposal Of Discontinued Operation Net Of Tax
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CY2022 us-gaap Increase Decrease In Accrued Liabilities
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CY2022Q4 us-gaap Deferred Tax Assets Tax Credit Carryforwards
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CY2021Q4 us-gaap Deferred Tax Assets Tax Credit Carryforwards
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CY2022Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Accrued Liabilities
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CY2021Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Accrued Liabilities
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124000 usd
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CY2022Q4 us-gaap Deferred Tax Assets Valuation Allowance
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CY2021Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
13005000 usd
CY2022Q4 us-gaap Deferred Tax Assets Liabilities Net
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CY2021Q4 us-gaap Deferred Tax Assets Liabilities Net
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CY2022Q4 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
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CY2021Q4 us-gaap Deferred Tax Assets Gross
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CY2022Q4 us-gaap Deferred Income Tax Liabilities
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CY2021Q4 us-gaap Deferred Income Tax Liabilities
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CY2022Q4 us-gaap Deferred Tax Assets Valuation Allowance
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CY2021Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
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CY2021Q4 us-gaap Deferred Tax Assets Liabilities Net
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CY2022Q4 us-gaap Unrecognized Tax Benefits
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CY2022 us-gaap Profit Loss
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PreferredStockDividendsIncomeStatementImpact
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CY2021 us-gaap Preferred Stock Redemption Premium
PreferredStockRedemptionPremium
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2520000 usd
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115000 usd
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CY2021 us-gaap Noncontrolling Interest In Net Income Loss Joint Venture Partners Nonredeemable
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2896000 usd
CY2020 us-gaap Noncontrolling Interest In Net Income Loss Joint Venture Partners Nonredeemable
NoncontrollingInterestInNetIncomeLossJointVenturePartnersNonredeemable
5635000 usd
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NetIncomeLossAvailableToCommonStockholdersDilutedIncludingParticipatingSecurities
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CY2022 inn Net Income Loss Available To Common Stockholders Basic Including Participating Securities
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CY2020 inn Net Income Loss Available To Common Stockholders Basic Including Participating Securities
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CY2022 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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105142000 shares
CY2021 us-gaap Weighted Average Number Of Shares Outstanding Basic
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104471000 shares
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CY2020 us-gaap Weighted Average Number Of Shares Outstanding Basic
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CY2021 us-gaap Interest Paid Net
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CY2020 us-gaap Interest Paid Net
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CY2021 inn Accrued Acquisitions Costs And Improvements To Hotel Properties
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CY2020 inn Accrued Acquisitions Costs And Improvements To Hotel Properties
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2142000 usd
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3742000 usd
CY2021 us-gaap Income Taxes Paid Net
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557000 usd
CY2020 us-gaap Income Taxes Paid Net
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CY2021 us-gaap Noncash Or Part Noncash Acquisition Debt Assumed1
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CY2020 us-gaap Noncash Or Part Noncash Acquisition Debt Assumed1
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0 usd
CY2020 us-gaap Noncash Or Part Noncash Acquisition Other Assets Acquired1
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CY2022 inn Conversion Of A Mezzanine Loan To Complete Acquisition Of Hotel Properties
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29875000 usd
CY2021 inn Conversion Of A Mezzanine Loan To Complete Acquisition Of Hotel Properties
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0 usd
CY2020 inn Conversion Of A Mezzanine Loan To Complete Acquisition Of Hotel Properties
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CY2022 inn Conversion Of Purchase Option To Complete Acquisition Of Hotel Properties
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2800000 usd
CY2021 inn Conversion Of Purchase Option To Complete Acquisition Of Hotel Properties
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0 usd
CY2020 inn Conversion Of Purchase Option To Complete Acquisition Of Hotel Properties
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0 usd
CY2022 inn Noncontrolling Interests Issued To Complete Acquisition Of Hotel Properties
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7724000 usd
CY2021 inn Noncontrolling Interests Issued To Complete Acquisition Of Hotel Properties
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0 usd
CY2020 inn Noncontrolling Interests Issued To Complete Acquisition Of Hotel Properties
NoncontrollingInterestsIssuedToCompleteAcquisitionOfHotelProperties
0 usd
CY2022 inn Noncontrolling Interests Issued To Complete Acquisition Of Properties Portfolio
NoncontrollingInterestsIssuedToCompleteAcquisitionOfPropertiesPortfolio
157513000 usd
CY2021 inn Noncontrolling Interests Issued To Complete Acquisition Of Properties Portfolio
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0 usd
CY2020 inn Noncontrolling Interests Issued To Complete Acquisition Of Properties Portfolio
NoncontrollingInterestsIssuedToCompleteAcquisitionOfPropertiesPortfolio
0 usd
CY2022 inn Redeemable Noncontrolling Interests Issued To Complete Acquisition Of Hotel Properties
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50000000 usd
CY2021 inn Redeemable Noncontrolling Interests Issued To Complete Acquisition Of Hotel Properties
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0 usd
CY2020 inn Redeemable Noncontrolling Interests Issued To Complete Acquisition Of Hotel Properties
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0 usd
CY2022Q4 us-gaap Real Estate And Accumulated Depreciation Initial Cost Of Land
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395175000 usd
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3011813000 usd
CY2022Q4 us-gaap Real Estate And Accumulated Depreciation Costs Capitalized Subsequent To Acquisition Carrying Costs
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138479000 usd
CY2022Q4 us-gaap Real Estate And Accumulated Depreciation Carrying Amount Of Land
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381006000 usd
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3167178000 usd
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3548184000 usd
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716646000 usd
CY2021Q4 us-gaap Real Estate Gross At Carrying Value
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2638549000 usd
CY2020Q4 us-gaap Real Estate Gross At Carrying Value
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2570768000 usd
CY2019Q4 us-gaap Real Estate Gross At Carrying Value
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2553428000 usd
CY2022 us-gaap Real Estate Other Additions
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989046000 usd
CY2021 us-gaap Real Estate Other Additions
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80496000 usd
CY2020 us-gaap Real Estate Other Additions
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19918000 usd
CY2022 us-gaap Real Estate Cost Of Real Estate Sold
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68991000 usd
CY2021 us-gaap Real Estate Cost Of Real Estate Sold
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12715000 usd
CY2020 us-gaap Real Estate Cost Of Real Estate Sold
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2578000 usd
CY2022 us-gaap Sec Schedule Iii Real Estate Writedown Or Reserve Amount
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10420000 usd
CY2021 us-gaap Sec Schedule Iii Real Estate Writedown Or Reserve Amount
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0 usd
CY2020 us-gaap Sec Schedule Iii Real Estate Writedown Or Reserve Amount
SECScheduleIIIRealEstateWritedownOrReserveAmount
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CY2022Q4 us-gaap Real Estate Gross At Carrying Value
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3548184000 usd
CY2021Q4 us-gaap Real Estate Gross At Carrying Value
RealEstateGrossAtCarryingValue
2638549000 usd
CY2020Q4 us-gaap Real Estate Gross At Carrying Value
RealEstateGrossAtCarryingValue
2570768000 usd
CY2021Q4 us-gaap Real Estate Accumulated Depreciation
RealEstateAccumulatedDepreciation
583080000 usd
CY2020Q4 us-gaap Real Estate Accumulated Depreciation
RealEstateAccumulatedDepreciation
490326000 usd
CY2019Q4 us-gaap Real Estate Accumulated Depreciation
RealEstateAccumulatedDepreciation
383763000 usd
CY2022 us-gaap Sec Schedule Iii Real Estate Accumulated Depreciation Depreciation Expense
SECScheduleIIIRealEstateAccumulatedDepreciationDepreciationExpense
145491000 usd
CY2021 us-gaap Sec Schedule Iii Real Estate Accumulated Depreciation Depreciation Expense
SECScheduleIIIRealEstateAccumulatedDepreciationDepreciationExpense
105462000 usd
CY2020 us-gaap Sec Schedule Iii Real Estate Accumulated Depreciation Depreciation Expense
SECScheduleIIIRealEstateAccumulatedDepreciationDepreciationExpense
109159000 usd
CY2022 us-gaap Real Estate Accumulated Depreciation Real Estate Sold
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11925000 usd
CY2021 us-gaap Real Estate Accumulated Depreciation Real Estate Sold
RealEstateAccumulatedDepreciationRealEstateSold
12708000 usd
CY2020 us-gaap Real Estate Accumulated Depreciation Real Estate Sold
RealEstateAccumulatedDepreciationRealEstateSold
2596000 usd
CY2022Q4 us-gaap Real Estate Accumulated Depreciation
RealEstateAccumulatedDepreciation
716646000 usd
CY2021Q4 us-gaap Real Estate Accumulated Depreciation
RealEstateAccumulatedDepreciation
583080000 usd
CY2020Q4 us-gaap Real Estate Accumulated Depreciation
RealEstateAccumulatedDepreciation
490326000 usd
CY2022 inn Property Plant And Equipment Cost For Income Tax Purposes
PropertyPlantAndEquipmentCostForIncomeTaxPurposes
3336000000 usd

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