2024 Q1 Form 10-K Financial Statement

#000149764524000013 Filed on February 29, 2024

View on sec.gov

Income Statement

Concept 2024 Q1 2023 Q4 2023
Revenue $188.1M $177.4M $736.1M
YoY Change 3.16% 2.96% 8.94%
Cost Of Revenue $105.3M $103.3M $422.9M
YoY Change 0.51% 2.89% 9.2%
Gross Profit $82.81M $74.14M $313.2M
YoY Change 6.73% 3.06% 8.6%
Gross Profit Margin 44.01% 41.78% 42.55%
Selling, General & Admin $22.60M $19.16M $87.70M
YoY Change -0.59% 13.35% 8.69%
% of Gross Profit 27.29% 25.85% 28.0%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $36.80M $38.62M $150.9M
YoY Change -0.3% 2.46% 0.95%
% of Gross Profit 44.44% 52.1% 48.19%
Operating Expenses $59.39M $57.06M $237.4M
YoY Change 0.01% 4.49% 3.33%
Operating Profit $23.49M $17.08M $58.79M
YoY Change 29.05% -1.44% -13.27%
Interest Expense $21.58M -$21.12M $86.80M
YoY Change 3.22% 9.0% 32.35%
% of Operating Profit 91.88% -123.68% 147.65%
Other Income/Expense, Net -$20.44M $547.0K -$84.11M
YoY Change -0.99% -215.89% 33.6%
Pretax Income $3.050M -$20.15M -$25.32M
YoY Change -224.9% 53.59% -624.4%
Income Tax $200.0K $1.119M $2.798M
% Of Pretax Income 6.56%
Net Earnings $2.833M -$16.57M -$28.12M
YoY Change -243.81% 38.38% -2410.27%
Net Earnings / Revenue 1.51% -9.34% -3.82%
Basic Earnings Per Share -$0.02 -$0.27
Diluted Earnings Per Share -$0.02 -$0.16 -$0.27
COMMON SHARES
Basic Shares Outstanding 107.6M shares 107.6M shares 105.5M shares
Diluted Shares Outstanding 105.7M shares 105.5M shares

Balance Sheet

Concept 2024 Q1 2023 Q4 2023
SHORT-TERM ASSETS
Cash & Short-Term Investments $63.44M $37.84M $37.84M
YoY Change 4.54% -26.18% -26.18%
Cash & Equivalents $63.44M $37.84M $37.84M
Short-Term Investments
Other Short-Term Assets $17.18M $8.865M $3.423M
YoY Change -11.19% 5.81% -7.01%
Inventory
Prepaid Expenses
Receivables $27.99M $21.35M $21.35M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $108.6M $68.05M $62.61M
YoY Change 4.33% -15.62% -17.57%
LONG-TERM ASSETS
Property, Plant & Equipment $2.749B $2.764B $2.764B
YoY Change -2.25% -2.25% -2.25%
Goodwill
YoY Change
Intangibles $29.67M $30.70M
YoY Change -12.23% -11.88%
Long-Term Investments
YoY Change
Other Assets $79.43M $90.33M $90.55M
YoY Change -18.33% -6.1% -5.98%
Total Long-Term Assets $2.852B $2.871B $2.877B
YoY Change -2.46% -2.39% -2.36%
TOTAL ASSETS
Total Short-Term Assets $108.6M $68.05M $62.61M
Total Long-Term Assets $2.852B $2.871B $2.877B
Total Assets $2.961B $2.939B $2.939B
YoY Change -2.23% -2.75% -2.75%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $7.303M $4.827M $4.827M
YoY Change 33.75% -12.51% -12.51%
Accrued Expenses $107.1M $107.1M $98.62M
YoY Change -5.03% 0.25% 1.75%
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 $114.4M $111.9M $103.4M
YoY Change -3.24% -0.37% 0.98%
LONG-TERM LIABILITIES
Long-Term Debt $1.452B $1.431B $1.431B
YoY Change -1.03% -1.46% -1.46%
Other Long-Term Liabilities $8.437M
YoY Change -14.46%
Total Long-Term Liabilities $1.452B $1.431B $1.439B
YoY Change -1.03% -1.46% -1.54%
TOTAL LIABILITIES
Total Short-Term Liabilities $114.4M $111.9M $103.4M
Total Long-Term Liabilities $1.452B $1.431B $1.439B
Total Liabilities $1.566B $1.543B $2.028B
YoY Change -1.2% -1.38% -1.67%
SHAREHOLDERS EQUITY
Retained Earnings -$348.3M -$339.8M
YoY Change 17.0% 17.92%
Common Stock $1.082M $1.076M
YoY Change 0.65% 0.65%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $907.8M $911.2M $911.2M
YoY Change
Total Liabilities & Shareholders Equity $2.961B $2.939B $2.939B
YoY Change -2.23% -2.75% -2.75%

Cashflow Statement

Concept 2024 Q1 2023 Q4 2023
OPERATING ACTIVITIES
Net Income $2.833M -$16.57M -$28.12M
YoY Change -243.81% 38.38% -2410.27%
Depreciation, Depletion And Amortization $36.80M $38.62M $150.9M
YoY Change -0.3% 2.46% 0.95%
Cash From Operating Activities $28.15M $30.47M $153.6M
YoY Change -12.05% -10.2% -9.42%
INVESTING ACTIVITIES
Capital Expenditures $14.00K $44.61M
YoY Change -99.75% -84.44%
Acquisitions
YoY Change
Other Investing Activities -$9.986M -$17.62M -$57.34M
YoY Change -60.7% -35.8% 1416.23%
Cash From Investing Activities -$9.986M -$17.62M -$102.0M
YoY Change -60.7% -46.77% -64.9%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities $6.419M -31.66M -$65.72M
YoY Change 87.42% 4.61% -176.63%
NET CHANGE
Cash From Operating Activities $28.15M 30.47M $153.6M
Cash From Investing Activities -$9.986M -17.62M -$102.0M
Cash From Financing Activities $6.419M -31.66M -$65.72M
Net Change In Cash $24.58M -18.81M -$14.04M
YoY Change 145.27% -36.11% -60.04%
FREE CASH FLOW
Cash From Operating Activities $28.15M $30.47M $153.6M
Capital Expenditures $14.00K $44.61M
Free Cash Flow $30.46M $109.0M
YoY Change 7.72% -193.09%

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CY2021 inn Noncash Interest Income
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CY2022 inn Debt Transaction Costs
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CY2021 inn Debt Transaction Costs
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CY2021 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
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CY2022 us-gaap Increase Decrease In Accrued Liabilities And Other Operating Liabilities
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25800000 usd
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CY2022 inn Increase Decrease In Escrow Deposits And Deferred Acquisition Costs
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CY2021 inn Increase Decrease In Escrow Deposits And Deferred Acquisition Costs
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1353000 usd
CY2022 inn Proceeds From Sale Of Noncontrolling Interests
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CY2021 us-gaap Proceeds From Issuance Of Preferred Stock And Preference Stock
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0 usd
CY2022 inn Payment For Purchases Of Capped Call Options
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0 usd
CY2021 inn Payment For Purchases Of Capped Call Options
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18341000 usd
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15521000 usd
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20592000 usd
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80353000 usd
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CY2022 us-gaap Net Cash Provided By Used In Financing Activities
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CY2021 us-gaap Net Cash Provided By Used In Financing Activities
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CY2023 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
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CY2022 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
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CY2021 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
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58048000 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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61808000 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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96944000 usd
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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47768000 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
61808000 usd
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37837000 usd
CY2022Q4 us-gaap Cash And Cash Equivalents At Carrying Value
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51255000 usd
CY2021Q4 us-gaap Cash And Cash Equivalents At Carrying Value
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64485000 usd
CY2023Q4 us-gaap Restricted Cash
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9931000 usd
CY2022Q4 us-gaap Restricted Cash
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10553000 usd
CY2023 us-gaap Number Of Reportable Segments
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1 segment
CY2022Q4 us-gaap Allowance For Doubtful Accounts Receivable
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100000 usd
CY2023Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
100000 usd
CY2023 us-gaap Provision For Doubtful Accounts
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400000 usd
CY2022 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
300000 usd
CY2021 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
400000 usd
CY2023 inn Number Of Year Cumulative Loss
NumberOfYearCumulativeLoss
P3Y
CY2023 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.
CY2023 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%">A portfolio of two lodging properties with an aggregate carrying amount of approximately $49.9 million that were classified as Assets Held for Sale at December 31, 2022 have been reclassified to Investments in Lodging Property, net during the year ended December 31, 2023 as the proposed sale of the properties was terminated during the year then ended.</span></div>
CY2023Q4 inn Investment In Lodging Property At Cost Excluding Undeveloped Land
InvestmentInLodgingPropertyAtCostExcludingUndevelopedLand
3513347000 usd
CY2022Q4 inn Investment In Lodging Property At Cost Excluding Undeveloped Land
InvestmentInLodgingPropertyAtCostExcludingUndevelopedLand
3546054000 usd
CY2023Q4 inn Real Estate Investment Property Excluding Undeveloped Land Accumulated Depreciation And Amortization
RealEstateInvestmentPropertyExcludingUndevelopedLandAccumulatedDepreciationAndAmortization
784298000 usd
CY2022Q4 inn Real Estate Investment Property Excluding Undeveloped Land Accumulated Depreciation And Amortization
RealEstateInvestmentPropertyExcludingUndevelopedLandAccumulatedDepreciationAndAmortization
704198000 usd
CY2023Q4 inn Lodging Property Investment Net Excluding Undeveloped Land
LodgingPropertyInvestmentNetExcludingUndevelopedLand
2729049000 usd
CY2022Q4 inn Lodging Property Investment Net Excluding Undeveloped Land
LodgingPropertyInvestmentNetExcludingUndevelopedLand
2841856000 usd
CY2023Q4 inn Asset Acquisition Land
AssetAcquisitionLand
12645000 usd
CY2022Q4 inn Asset Acquisition Land
AssetAcquisitionLand
68426000 usd
CY2023Q4 inn Asset Acquisition Hotel Buildings And Improvements
AssetAcquisitionHotelBuildingsAndImprovements
30721000 usd
CY2022Q4 inn Asset Acquisition Hotel Buildings And Improvements
AssetAcquisitionHotelBuildingsAndImprovements
756551000 usd
CY2023Q4 inn Asset Acquisition Furniture Fixtures And Equipment
AssetAcquisitionFurnitureFixturesAndEquipment
1448000 usd
CY2022Q4 inn Asset Acquisition Furniture Fixtures And Equipment
AssetAcquisitionFurnitureFixturesAndEquipment
82730000 usd
CY2023Q4 inn Asset Acquisition Incentives And Other Intangibles
AssetAcquisitionIncentivesAndOtherIntangibles
0 usd
CY2022Q4 inn Asset Acquisition Incentives And Other Intangibles
AssetAcquisitionIncentivesAndOtherIntangibles
25642000 usd
CY2023Q4 inn Asset Acquisition Other Assets
AssetAcquisitionOtherAssets
0 usd
CY2022Q4 inn Asset Acquisition Other Assets
AssetAcquisitionOtherAssets
5318000 usd
CY2023Q4 inn Asset Acquisition Total Assets Acquired
AssetAcquisitionTotalAssetsAcquired
44814000 usd
CY2022Q4 inn Asset Acquisition Total Assets Acquired
AssetAcquisitionTotalAssetsAcquired
938667000 usd
CY2023Q4 inn Asset Acquisition Net Debt
AssetAcquisitionNetDebt
0 usd
CY2022Q4 inn Asset Acquisition Net Debt
AssetAcquisitionNetDebt
382205000 usd
CY2023Q4 inn Asset Acquisition Lease Liability Assumed
AssetAcquisitionLeaseLiabilityAssumed
0 usd
CY2022Q4 inn Asset Acquisition Lease Liability Assumed
AssetAcquisitionLeaseLiabilityAssumed
5441000 usd
CY2023Q4 inn Asset Acquisition Other Liabilities
AssetAcquisitionOtherLiabilities
0 usd
CY2022Q4 inn Asset Acquisition Other Liabilities
AssetAcquisitionOtherLiabilities
5892000 usd
CY2023Q4 inn Asset Acquisition Assets Acquired And Liabilities Assumed Net
AssetAcquisitionAssetsAcquiredAndLiabilitiesAssumedNet
44814000 usd
CY2022Q4 inn Asset Acquisition Assets Acquired And Liabilities Assumed Net
AssetAcquisitionAssetsAcquiredAndLiabilitiesAssumedNet
545129000 usd
CY2023 inn Asset Acquisition Purchase Price
AssetAcquisitionPurchasePrice
42700000 usd
CY2023 us-gaap Asset Acquisition Consideration Transferred Transaction Cost
AssetAcquisitionConsiderationTransferredTransactionCost
100000 usd
CY2023 us-gaap Asset Acquisition Consideration Transferred Contingent Consideration
AssetAcquisitionConsiderationTransferredContingentConsideration
1800000 usd
CY2022 inn Asset Acquisition Purchase Price
AssetAcquisitionPurchasePrice
909100000 usd
CY2023Q2 us-gaap Number Of Units In Real Estate Property
NumberOfUnitsInRealEstateProperty
467 room
CY2023Q4 us-gaap Number Of Units In Real Estate Property
NumberOfUnitsInRealEstateProperty
123 room
CY2023Q4 us-gaap Indefinite Lived Intangible Assets Excluding Goodwill
IndefiniteLivedIntangibleAssetsExcludingGoodwill
10834000 usd
CY2022Q4 us-gaap Indefinite Lived Intangible Assets Excluding Goodwill
IndefiniteLivedIntangibleAssetsExcludingGoodwill
10834000 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
29120000 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
29120000 usd
CY2023Q4 us-gaap Intangible Assets Gross Excluding Goodwill
IntangibleAssetsGrossExcludingGoodwill
39954000 usd
CY2022Q4 us-gaap Intangible Assets Gross Excluding Goodwill
IntangibleAssetsGrossExcludingGoodwill
39954000 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
9251000 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
5110000 usd
CY2023Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
30703000 usd
CY2022Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
34844000 usd
CY2023 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
4100000 usd
CY2022 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
4000000 usd
CY2021 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
0 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
4126000 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
1564000 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
1564000 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
1511000 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
1016000 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Amortization Expense After Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseAfterYearFive
10088000 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
19869000 usd
CY2023Q4 inn Number Of Lodging Properties
NumberOfLodgingProperties
1 tradingday
CY2021 us-gaap Asset Impairment Charges
AssetImpairmentCharges
4400000 usd
CY2022 inn Financing Receivable Number Of Loans Repaid
FinancingReceivableNumberOfLoansRepaid
1 loan
CY2022 inn Financing Receivable Total Number Of Loans Receivable
FinancingReceivableTotalNumberOfLoansReceivable
2 loan
CY2023Q4 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
9931000 usd
CY2022Q4 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
10553000 usd
CY2023Q4 inn Deferred Acquisition Costs
DeferredAcquisitionCosts
199000 usd
CY2022Q4 inn Deferred Acquisition Costs
DeferredAcquisitionCosts
334000 usd
CY2023Q4 us-gaap Prepaid Insurance
PrepaidInsurance
1945000 usd
CY2022Q4 us-gaap Prepaid Insurance
PrepaidInsurance
1708000 usd
CY2023Q4 us-gaap Prepaid Taxes
PrepaidTaxes
1478000 usd
CY2022Q4 us-gaap Prepaid Taxes
PrepaidTaxes
1639000 usd
CY2023Q4 inn Other Prepaid Expense Current And Noncurrent
OtherPrepaidExpenseCurrentAndNoncurrent
5243000 usd
CY2022Q4 inn Other Prepaid Expense Current And Noncurrent
OtherPrepaidExpenseCurrentAndNoncurrent
4697000 usd
CY2023Q4 us-gaap Prepaid Expense And Other Assets
PrepaidExpenseAndOtherAssets
8865000 usd
CY2022Q4 us-gaap Prepaid Expense And Other Assets
PrepaidExpenseAndOtherAssets
8378000 usd
CY2023Q4 inn Franchise Fees Gross
FranchiseFeesGross
10106000 usd
CY2022Q4 inn Franchise Fees Gross
FranchiseFeesGross
10079000 usd
CY2023Q4 inn Accumulated Amortization Deferred Costs
AccumulatedAmortizationDeferredCosts
3447000 usd
CY2022Q4 inn Accumulated Amortization Deferred Costs
AccumulatedAmortizationDeferredCosts
3005000 usd
CY2023Q4 inn Deferred Costs Net
DeferredCostsNet
6659000 usd
CY2022Q4 inn Deferred Costs Net
DeferredCostsNet
7074000 usd
CY2023 us-gaap Amortization Of Deferred Charges
AmortizationOfDeferredCharges
600000 usd
CY2022 us-gaap Amortization Of Deferred Charges
AmortizationOfDeferredCharges
700000 usd
CY2021 us-gaap Amortization Of Deferred Charges
AmortizationOfDeferredCharges
500000 usd
CY2023Q4 us-gaap Derivative Instruments And Hedges
DerivativeInstrumentsAndHedges
13958000 usd
CY2022Q4 us-gaap Derivative Instruments And Hedges
DerivativeInstrumentsAndHedges
16841000 usd
CY2023Q4 inn Financing Receivable Purchase Options Related To Real Estate Loans
FinancingReceivablePurchaseOptionsRelatedToRealEstateLoans
931000 usd
CY2022Q4 inn Financing Receivable Purchase Options Related To Real Estate Loans
FinancingReceivablePurchaseOptionsRelatedToRealEstateLoans
0 usd
CY2023Q4 inn Gross Deferred Tax Asset Noncurrent
GrossDeferredTaxAssetNoncurrent
20000 usd
CY2022Q4 inn Gross Deferred Tax Asset Noncurrent
GrossDeferredTaxAssetNoncurrent
108000 usd
CY2023Q4 us-gaap Other Assets Miscellaneous
OtherAssetsMiscellaneous
645000 usd
CY2022Q4 us-gaap Other Assets Miscellaneous
OtherAssetsMiscellaneous
1001000 usd
CY2023Q4 us-gaap Other Assets
OtherAssets
15554000 usd
CY2022Q4 us-gaap Other Assets
OtherAssets
17950000 usd
CY2023Q4 us-gaap Taxes Payable Current And Noncurrent
TaxesPayableCurrentAndNoncurrent
26590000 usd
CY2022Q4 us-gaap Taxes Payable Current And Noncurrent
TaxesPayableCurrentAndNoncurrent
28972000 usd
CY2023Q4 us-gaap Employee Related Liabilities Current And Noncurrent
EmployeeRelatedLiabilitiesCurrentAndNoncurrent
13307000 usd
CY2022Q4 us-gaap Employee Related Liabilities Current And Noncurrent
EmployeeRelatedLiabilitiesCurrentAndNoncurrent
13029000 usd
CY2023Q4 inn Other Accrued Expenses At Hotels
OtherAccruedExpensesAtHotels
26745000 usd
CY2022Q4 inn Other Accrued Expenses At Hotels
OtherAccruedExpensesAtHotels
25282000 usd
CY2023Q4 us-gaap Interest Payable Current And Noncurrent
InterestPayableCurrentAndNoncurrent
6136000 usd
CY2022Q4 us-gaap Interest Payable Current And Noncurrent
InterestPayableCurrentAndNoncurrent
4158000 usd
CY2023Q4 us-gaap Other Accrued Liabilities Current And Noncurrent
OtherAccruedLiabilitiesCurrentAndNoncurrent
8437000 usd
CY2022Q4 us-gaap Other Accrued Liabilities Current And Noncurrent
OtherAccruedLiabilitiesCurrentAndNoncurrent
9863000 usd
CY2023Q4 inn Accrued And Other Liabilities
AccruedAndOtherLiabilities
81215000 usd
CY2022Q4 inn Accrued And Other Liabilities
AccruedAndOtherLiabilities
81304000 usd
CY2023Q4 us-gaap Debt Weighted Average Interest Rate
DebtWeightedAverageInterestRate
0.0531
CY2022Q4 us-gaap Debt Weighted Average Interest Rate
DebtWeightedAverageInterestRate
0.0504
CY2023Q4 us-gaap Share Price
SharePrice
8.72
CY2022Q4 inn Debt Instrument Properties Unencumbered Debt Extinguishment
DebtInstrumentPropertiesUnencumberedDebtExtinguishment
8 property
CY2023Q4 inn Debt Instrument Properties Unencumbered Debt Extinguishment
DebtInstrumentPropertiesUnencumberedDebtExtinguishment
8 property
CY2023Q4 inn Mortgage Loans On Real Estate Number Of Real Estate Properties Encumbered
MortgageLoansOnRealEstateNumberOfRealEstatePropertiesEncumbered
8 property
CY2023Q4 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
1445839000 usd
CY2022Q4 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
1463124000 usd
CY2023Q4 us-gaap Unamortized Debt Issuance Expense
UnamortizedDebtIssuanceExpense
15171000 usd
CY2022Q4 us-gaap Unamortized Debt Issuance Expense
UnamortizedDebtIssuanceExpense
11328000 usd
CY2023Q4 us-gaap Long Term Debt
LongTermDebt
1430668000 usd
CY2022Q4 us-gaap Long Term Debt
LongTermDebt
1451796000 usd
CY2023Q4 us-gaap Longterm Debt Percentage Bearing Fixed Interest Amount
LongtermDebtPercentageBearingFixedInterestAmount
956414000 usd
CY2023Q4 us-gaap Long Term Debt Percentage Bearing Fixed Interest Rate
LongTermDebtPercentageBearingFixedInterestRate
0.66
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
CY2023Q4 us-gaap Longterm Debt Percentage Bearing Variable Interest Amount
LongtermDebtPercentageBearingVariableInterestAmount
489425000 usd
CY2023Q4 us-gaap Long Term Debt Percentage Bearing Variable Interest Rate
LongTermDebtPercentageBearingVariableInterestRate
0.34
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
CY2023Q4 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
1445839000 usd
CY2022Q4 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
1463124000 usd
CY2023Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths
16926000 usd
CY2023Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
48485000 usd
CY2023Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
289417000 usd
CY2023Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
449204000 usd
CY2023Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive
436937000 usd
CY2023Q4 us-gaap Long Term Debt Maturities Repayments Of Principal After Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFive
204870000 usd
CY2023Q4 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
1445839000 usd
CY2023 us-gaap Rental Income Nonoperating
RentalIncomeNonoperating
2600000 usd
CY2022 us-gaap Rental Income Nonoperating
RentalIncomeNonoperating
2600000 usd
CY2021 us-gaap Rental Income Nonoperating
RentalIncomeNonoperating
1900000 usd
CY2022Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.048
CY2023Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.048
CY2023 us-gaap Operating Lease Cost
OperatingLeaseCost
4600000 usd
CY2022 us-gaap Operating Lease Cost
OperatingLeaseCost
4100000 usd
CY2021 us-gaap Operating Lease Cost
OperatingLeaseCost
3300000 usd
CY2023 us-gaap Operating Lease Payments
OperatingLeasePayments
4000000 usd
CY2022 us-gaap Operating Lease Payments
OperatingLeasePayments
3700000 usd
CY2021 us-gaap Operating Lease Payments
OperatingLeasePayments
3100000 usd
CY2023Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P32Y2M12D
CY2022Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P34Y
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
2264000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
2285000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
2239000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
2282000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
2124000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
35831000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
47025000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
21183000 usd
CY2023Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
25842000 usd
CY2023 us-gaap Maximum Length Of Time Hedged In Interest Rate Cash Flow Hedge1
MaximumLengthOfTimeHedgedInInterestRateCashFlowHedge1
P7Y
CY2022Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
500000000 shares
CY2023Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
500000000 shares
CY2022Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.01
CY2023Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.01
CY2023 inn Common Stock Voting Rights Number
CommonStockVotingRightsNumber
1 vote
CY2022Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
106901576 shares
CY2021Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
106337724 shares
CY2023 us-gaap Stock Issued During Period Shares Conversion Of Units
StockIssuedDuringPeriodSharesConversionOfUnits
28179 shares
CY2022 us-gaap Stock Issued During Period Shares Conversion Of Units
StockIssuedDuringPeriodSharesConversionOfUnits
12664 shares
CY2023 us-gaap Stock Issued During Period Shares Share Based Compensation Gross
StockIssuedDuringPeriodSharesShareBasedCompensationGross
875055 shares
CY2022 us-gaap Stock Issued During Period Shares Share Based Compensation Gross
StockIssuedDuringPeriodSharesShareBasedCompensationGross
735371 shares
CY2023 us-gaap Stock Issued During Period Shares Share Based Compensation Forfeited
StockIssuedDuringPeriodSharesShareBasedCompensationForfeited
140549 shares
CY2022 us-gaap Stock Issued During Period Shares Share Based Compensation Forfeited
StockIssuedDuringPeriodSharesShareBasedCompensationForfeited
8272 shares
CY2023 us-gaap Shares Paid For Tax Withholding For Share Based Compensation
SharesPaidForTaxWithholdingForShareBasedCompensation
184029 shares
CY2022 us-gaap Shares Paid For Tax Withholding For Share Based Compensation
SharesPaidForTaxWithholdingForShareBasedCompensation
260800 shares
CY2023Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
107593373 shares
CY2022Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
106901576 shares
CY2023Q4 us-gaap Common Stock Capital Shares Reserved For Future Issuance
CommonStockCapitalSharesReservedForFutureIssuance
50774173 shares
CY2022Q4 us-gaap Common Stock Capital Shares Reserved For Future Issuance
CommonStockCapitalSharesReservedForFutureIssuance
51650000 shares
CY2023Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
100000000 shares
CY2022Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
100000000 shares
CY2023Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.01
CY2022Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.01
CY2023Q4 us-gaap Preferred Stock Convertible Conversion Price
PreferredStockConvertibleConversionPrice
25
CY2023 inn Number Of Joint Ventures Entered Into
NumberOfJointVenturesEnteredInto
3 room
CY2023Q4 inn Redeemable Common Unit Conversion Ratio
RedeemableCommonUnitConversionRatio
1 rate
CY2022 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
1014000 usd
CY2021 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
-14093000 usd
CY2023 us-gaap Income Tax Reconciliation Tax Exempt Income
IncomeTaxReconciliationTaxExemptIncome
-4563000 usd
CY2022 us-gaap Income Tax Reconciliation Tax Exempt Income
IncomeTaxReconciliationTaxExemptIncome
-1124000 usd
CY2021 us-gaap Income Tax Reconciliation Tax Exempt Income
IncomeTaxReconciliationTaxExemptIncome
-16812000 usd
CY2023 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
1158000 usd
CY2022 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
1644000 usd
CY2023Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
0 shares
CY2023Q4 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized
8900000 usd
CY2023Q4 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized
8908000 usd
CY2023Q4 inn Share Based Payment Arrangement Nonvested Award Cost Not Yet Recognized Amount Year One
ShareBasedPaymentArrangementNonvestedAwardCostNotYetRecognizedAmountYearOne
5450000 usd
CY2023Q4 inn Share Based Payment Arrangement Nonvested Award Cost Not Yet Recognized Amount Year Two
ShareBasedPaymentArrangementNonvestedAwardCostNotYetRecognizedAmountYearTwo
2988000 usd
CY2023Q4 inn Share Based Payment Arrangement Nonvested Award Cost Not Yet Recognized Amount Year Three
ShareBasedPaymentArrangementNonvestedAwardCostNotYetRecognizedAmountYearThree
470000 usd
CY2022 us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
400000 usd
CY2023 us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
400000 usd
CY2021 us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
300000 usd
CY2023 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
1151000 usd
CY2022 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
1953000 usd
CY2021 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
1036000 usd
CY2023 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
1563000 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
CY2023 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
84000 usd
CY2022 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
-59000 usd
CY2021 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
-19000 usd
CY2023 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
2798000 usd
CY2022 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
3611000 usd
CY2021 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
1473000 usd
CY2023 inn Effective Income Tax Rate Reconciliation Effect Of Permanent Differences And Other
EffectiveIncomeTaxRateReconciliationEffectOfPermanentDifferencesAndOther
235000 usd
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
CY2023 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
-5317000 usd
CY2021 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
891000 usd
CY2023 inn Effective Income Tax Rate Reconciliation Provisionto Returnand Deferred Adjustment Amount
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FilingSummary.xml Edgar Link unprocessable