$SHO
Sunstone Hotel Investors, Inc.

2021 Q4 Form 10-Q Financial Statement

#000155837021014660 Filed on November 04, 2021

View on sec.gov

Income Statement

Concept 2021 Q4 2021 Q3 2020 Q3
Revenue $173.9M $167.4M $28.91M
YoY Change 365.43% 479.11% -89.74%
Cost Of Revenue $67.22M $64.19M $22.80M
YoY Change 206.92% 181.53% -77.56%
Gross Profit $106.7M $103.2M $6.200M
YoY Change 588.2% 1565.03% -96.56%
Gross Profit Margin 61.35% 61.66% 21.45%
Selling, General & Admin $78.97M $18.66M $7.137M
YoY Change 102.48% 161.5% -48.23%
% of Gross Profit 74.03% 18.08% 115.11%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $32.60M $32.58M $33.00M
YoY Change -0.31% -1.26% -12.0%
% of Gross Profit 30.56% 31.56% 532.26%
Operating Expenses $111.6M $181.6M $107.5M
YoY Change 4.1% 68.97% -55.1%
Operating Profit -$4.895M -$78.37M -$78.57M
YoY Change -92.99% -0.25% -285.77%
Interest Expense -$7.201M $7.983M $12.74M
YoY Change -28.7% -37.35% -3.9%
% of Operating Profit
Other Income/Expense, Net $13.00K $2.000K $139.0K
YoY Change -87.0% -98.56% -96.34%
Pretax Income $138.3M -$22.10M -$91.19M
YoY Change -451.12% -75.77% -378.05%
Income Tax $18.00K $25.00K -$83.00K
% Of Pretax Income 0.01%
Net Earnings $138.0M -$22.12M -$91.11M
YoY Change -450.4% -75.72% -371.6%
Net Earnings / Revenue 79.36% -13.21% -315.14%
Basic Earnings Per Share -$0.13
Diluted Earnings Per Share $633.3K -$105.9K -$416.7K
COMMON SHARES
Basic Shares Outstanding 219.3M 219.0M 215.6M
Diluted Shares Outstanding 217.7M

Balance Sheet

Concept 2021 Q4 2021 Q3 2020 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $120.5M $179.5M $461.3M
YoY Change -67.3% -61.09% -36.81%
Cash & Equivalents $120.5M $179.5M $461.3M
Short-Term Investments
Other Short-Term Assets $132.9M $74.40M $56.80M
YoY Change 128.71% 30.98% -28.19%
Inventory
Prepaid Expenses
Receivables $28.73M $28.35M $4.624M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $282.1M $282.2M $522.8M
YoY Change -35.17% -46.01% -38.72%
LONG-TERM ASSETS
Property, Plant & Equipment $5.912M $6.022M $7.014M
YoY Change -12.63% -14.14% -10.46%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $13.20M $11.22M $12.82M
YoY Change 6.03% -12.53% -42.81%
Total Long-Term Assets $2.759B $2.752B $2.724B
YoY Change 8.17% 1.04% -10.56%
TOTAL ASSETS
Total Short-Term Assets $282.1M $282.2M $522.8M
Total Long-Term Assets $2.759B $2.752B $2.724B
Total Assets $3.041B $3.035B $3.247B
YoY Change 1.85% -6.54% -16.72%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $36.53M $43.32M $39.20M
YoY Change 13.09% 10.5% 37.54%
Accrued Expenses $32.20M $27.45M $28.20M
YoY Change 17.94% -2.67% -7.84%
Deferred Revenue $33.75M $31.43M $12.85M
YoY Change 152.98% 144.68% -24.82%
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $20.69M $87.40M $188.1M
YoY Change 815.26% -53.54% 2899.46%
Total Short-Term Liabilities $175.8M $219.9M $287.8M
YoY Change 93.58% -23.58% 115.53%
LONG-TERM LIABILITIES
Long-Term Debt $588.7M $655.7M $743.5M
YoY Change -20.71% -11.81% -23.07%
Other Long-Term Liabilities $11.66M $14.50M $25.91M
YoY Change -33.37% -44.05% 30.7%
Total Long-Term Liabilities $600.4M $670.2M $769.5M
YoY Change -21.0% -12.9% -21.99%
TOTAL LIABILITIES
Total Short-Term Liabilities $175.8M $219.9M $287.8M
Total Long-Term Liabilities $600.4M $670.2M $769.5M
Total Liabilities $801.3M $932.1M $1.119B
YoY Change -10.61% -16.68% -5.7%
SHAREHOLDERS EQUITY
Retained Earnings $948.1M $810.1M $951.8M
YoY Change 3.75% -14.89% -25.3%
Common Stock $2.193M $2.193M $2.156M
YoY Change 1.72% 1.72% -4.14%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $2.199B $2.062B $2.088B
YoY Change
Total Liabilities & Shareholders Equity $3.041B $3.035B $3.247B
YoY Change 1.85% -6.54% -16.72%

Cashflow Statement

Concept 2021 Q4 2021 Q3 2020 Q3
OPERATING ACTIVITIES
Net Income $138.0M -$22.12M -$91.11M
YoY Change -450.4% -75.72% -371.6%
Depreciation, Depletion And Amortization $32.60M $32.58M $33.00M
YoY Change -0.31% -1.26% -12.0%
Cash From Operating Activities $19.97M $22.33M -$52.40M
YoY Change -167.91% -142.61% -170.34%
INVESTING ACTIVITIES
Capital Expenditures -$167.8M -$60.00K -$100.0K
YoY Change -40.0%
Acquisitions
YoY Change
Other Investing Activities $169.7M -$29.11M $62.20M
YoY Change 105.7% -146.79% -375.22%
Cash From Investing Activities $1.908M -$29.16M $62.10M
YoY Change -97.69% -146.96% -374.78%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -80.77M 18.06M -92.40M
YoY Change -42.55% -119.55% 45.51%
NET CHANGE
Cash From Operating Activities 19.97M 22.33M -52.40M
Cash From Investing Activities 1.908M -29.16M 62.10M
Cash From Financing Activities -80.77M 18.06M -92.40M
Net Change In Cash -58.89M 11.22M -82.70M
YoY Change -32.69% -113.57% 612.93%
FREE CASH FLOW
Cash From Operating Activities $19.97M $22.33M -$52.40M
Capital Expenditures -$167.8M -$60.00K -$100.0K
Free Cash Flow $187.8M $22.39M -$52.30M
YoY Change -738.63% -142.8% -170.2%

Facts In Submission

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sho Earnings Loss Before Distributed And Undistributed Earnings Loss Allocated To Participating Securities Basic
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sho Earnings Loss Before Distributed And Undistributed Earnings Loss Allocated To Participating Securities Basic
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CY2021Q3 us-gaap Earnings Per Share Basic And Diluted
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EarningsPerShareBasicAndDiluted
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us-gaap Earnings Per Share Basic And Diluted
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us-gaap Earnings Per Share Basic And Diluted
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CY2020Q3 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
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us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
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us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
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2869000
CY2021Q1 us-gaap Restricted Stock Value Shares Issued Net Of Tax Withholdings
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4784000
CY2021Q2 us-gaap Restricted Stock Value Shares Issued Net Of Tax Withholdings
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CY2021Q2 us-gaap Stock Issued During Period Value New Issues
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CY2021Q2 us-gaap Profit Loss
ProfitLoss
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CY2021Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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3289000
CY2021Q3 us-gaap Profit Loss
ProfitLoss
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CY2021Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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CY2019Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
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CY2020Q1 us-gaap Adjustments To Additional Paid In Capital Share Based Compensation Restricted Stock Units Requisite Service Period Recognition
AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationRestrictedStockUnitsRequisiteServicePeriodRecognition
2324000
CY2020Q1 us-gaap Restricted Stock Value Shares Issued Net Of Tax Withholdings
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CY2020Q1 us-gaap Common Stock Dividends Per Share Declared
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CY2020Q1 us-gaap Dividends Common Stock Cash
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CY2020Q1 us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
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CY2020Q1 us-gaap Stock Repurchased During Period Value
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CY2020Q1 us-gaap Profit Loss
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CY2020Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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CY2020Q2 us-gaap Adjustments To Additional Paid In Capital Share Based Compensation Restricted Stock Units Requisite Service Period Recognition
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CY2020Q2 us-gaap Noncontrolling Interest Increase From Subsidiary Equity Issuance
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CY2020Q2 us-gaap Profit Loss
ProfitLoss
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CY2020Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
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CY2020Q3 us-gaap Adjustments To Additional Paid In Capital Share Based Compensation Restricted Stock Units Requisite Service Period Recognition
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2368000
CY2020Q3 us-gaap Profit Loss
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CY2020Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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us-gaap Profit Loss
ProfitLoss
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us-gaap Profit Loss
ProfitLoss
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us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
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us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
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us-gaap Gain Loss On Disposition Of Assets1
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us-gaap Gain Loss On Disposition Of Assets1
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us-gaap Gains Losses On Extinguishment Of Debt
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us-gaap Gains Losses On Extinguishment Of Debt
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NoncashInterestOnDerivativesAndCapitalLeaseObligations
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sho Noncash Interest On Derivatives And Capital Lease Obligations
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us-gaap Depreciation
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us-gaap Depreciation
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us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
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us-gaap Amortization Of Financing Costs
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us-gaap Amortization Of Financing Costs
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us-gaap Share Based Compensation
ShareBasedCompensation
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us-gaap Share Based Compensation
ShareBasedCompensation
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us-gaap Impairment Of Real Estate
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us-gaap Deferred Income Taxes And Tax Credits
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us-gaap Increase Decrease In Accounts Receivable
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us-gaap Increase Decrease In Accounts Receivable
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us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
3228000
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
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us-gaap Increase Decrease In Accounts Payable And Other Operating Liabilities
IncreaseDecreaseInAccountsPayableAndOtherOperatingLiabilities
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us-gaap Increase Decrease In Accounts Payable And Other Operating Liabilities
IncreaseDecreaseInAccountsPayableAndOtherOperatingLiabilities
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us-gaap Increase Decrease In Employee Related Liabilities
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us-gaap Net Cash Provided By Used In Financing Activities
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us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
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us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
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CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
416139000
CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
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us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
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us-gaap Payments Of Dividends
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us-gaap Payments Of Dividends
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us-gaap Proceeds From Minority Shareholders
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NetCashProvidedByUsedInFinancingActivities
38664000
us-gaap Proceeds From Issuance Of Redeemable Preferred Stock
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215000000
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PaymentsForRepurchaseOfRedeemablePreferredStock
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us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
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us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
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us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
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us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
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us-gaap Proceeds From Unsecured Lines Of Credit
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300000000
us-gaap Repayments Of Long Term Lines Of Credit
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us-gaap Repayments Of Debt
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us-gaap Repayments Of Debt
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us-gaap Increase Decrease In Employee Related Liabilities
IncreaseDecreaseInEmployeeRelatedLiabilities
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IncreaseDecreaseInOperatingLeaseRightOfUseAssetsAndLiabilitiesNet
-1004000
sho Increase Decrease In Operating Lease Right Of Use Assets And Liabilities Net
IncreaseDecreaseInOperatingLeaseRightOfUseAssetsAndLiabilitiesNet
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us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
8404000
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-87305000
us-gaap Proceeds From Sales Of Assets Investing Activities
ProceedsFromSalesOfAssetsInvestingActivities
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us-gaap Payments For Proceeds From Deposits On Real Estate Acquisitions
PaymentsForProceedsFromDepositsOnRealEstateAcquisitions
3900000
us-gaap Payments To Acquire Commercial Real Estate
PaymentsToAcquireCommercialRealEstate
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us-gaap Payments To Acquire Commercial Real Estate
PaymentsToAcquireCommercialRealEstate
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us-gaap Payments For Capital Improvements
PaymentsForCapitalImprovements
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us-gaap Payments For Capital Improvements
PaymentsForCapitalImprovements
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us-gaap Payments For Derivative Instrument Investing Activities
PaymentsForDerivativeInstrumentInvestingActivities
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us-gaap Payments For Derivative Instrument Investing Activities
PaymentsForDerivativeInstrumentInvestingActivities
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us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
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us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
31303000
CY2021Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
221611000
CY2020Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
503634000
CY2021Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
179487000
CY2020Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
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CY2021Q3 us-gaap Restricted Cash And Cash Equivalents At Carrying Value
RestrictedCashAndCashEquivalentsAtCarryingValue
42124000
CY2020Q3 us-gaap Restricted Cash And Cash Equivalents At Carrying Value
RestrictedCashAndCashEquivalentsAtCarryingValue
42346000
CY2021Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
221611000
CY2020Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
503634000
us-gaap Interest Paid Net
InterestPaidNet
26629000
us-gaap Interest Paid Net
InterestPaidNet
34118000
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
45000
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
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us-gaap Operating Lease Payments
OperatingLeasePayments
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us-gaap Operating Lease Payments
OperatingLeasePayments
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sho Increase Decrease In In Operating Lease Right Of Use Assets Net
IncreaseDecreaseInInOperatingLeaseRightOfUseAssetsNet
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sho Increase Decrease In In Operating Lease Right Of Use Assets Net
IncreaseDecreaseInInOperatingLeaseRightOfUseAssetsNet
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sho Increase Decrease In Operating Lease Liabilities Net
IncreaseDecreaseInOperatingLeaseLiabilitiesNet
-3808000
sho Increase Decrease In Operating Lease Liabilities Net
IncreaseDecreaseInOperatingLeaseLiabilitiesNet
-3529000
sho Increase Decrease In Operating Lease Right Of Use Assets And Liabilities Net
IncreaseDecreaseInOperatingLeaseRightOfUseAssetsAndLiabilitiesNet
-1004000
sho Increase Decrease In Operating Lease Right Of Use Assets And Liabilities Net
IncreaseDecreaseInOperatingLeaseRightOfUseAssetsAndLiabilitiesNet
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us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
9932000
us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
7195000
us-gaap Stock Issued1
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us-gaap Preferred Stock Redemption Premium
PreferredStockRedemptionPremium
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us-gaap Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount
366000
us-gaap Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount
376000
CY2021Q3 us-gaap Dividends Payable Current And Noncurrent
DividendsPayableCurrentAndNoncurrent
3112000
CY2020Q3 us-gaap Dividends Payable Current And Noncurrent
DividendsPayableCurrentAndNoncurrent
3208000
CY2021Q3 us-gaap Number Of Real Estate Properties
NumberOfRealEstateProperties
18
CY2021Q3 us-gaap Number Of Real Estate Properties
NumberOfRealEstateProperties
18
us-gaap Use Of Estimates
UseOfEstimates
<p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-indent:10.1pt;margin:0pt;"><span style="font-style:italic;font-weight:bold;">Use of Estimates</span></p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><span style="font-size:10pt;visibility:hidden;">​</span></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-indent:24.5pt;margin:0pt;">The preparation of consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ materially from those estimates.</p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;text-indent:24.5pt;margin:0pt;"><span style="font-size:10pt;visibility:hidden;">​</span></p>
CY2021Q3 us-gaap Profit Loss
ProfitLoss
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CY2020Q3 us-gaap Profit Loss
ProfitLoss
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us-gaap Profit Loss
ProfitLoss
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us-gaap Profit Loss
ProfitLoss
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CY2021Q3 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
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CY2020Q3 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
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us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
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us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
-4436000
CY2021Q3 us-gaap Preferred Stock Dividends And Other Adjustments
PreferredStockDividendsAndOtherAdjustments
6287000
CY2020Q3 us-gaap Preferred Stock Dividends And Other Adjustments
PreferredStockDividendsAndOtherAdjustments
3208000
us-gaap Preferred Stock Dividends And Other Adjustments
PreferredStockDividendsAndOtherAdjustments
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us-gaap Preferred Stock Dividends And Other Adjustments
PreferredStockDividendsAndOtherAdjustments
9622000
us-gaap Dividends Share Based Compensation Cash
DividendsShareBasedCompensationCash
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CY2021Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
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CY2020Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
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us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
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us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
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CY2021Q3 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
217709000
CY2020Q3 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
214257000
us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
215765000
us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
216498000
CY2021Q3 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-0.13
CY2020Q3 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
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us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
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us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
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CY2021Q3 sho Finite Lived And Indefinite Lived Intangible Assets Gross
FiniteLivedAndIndefiniteLivedIntangibleAssetsGross
34952000
CY2020Q4 sho Finite Lived And Indefinite Lived Intangible Assets Gross
FiniteLivedAndIndefiniteLivedIntangibleAssetsGross
21192000
CY2021Q3 us-gaap Buildings And Improvements Gross
BuildingsAndImprovementsGross
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CY2020Q4 us-gaap Buildings And Improvements Gross
BuildingsAndImprovementsGross
2523750000
CY2021Q3 us-gaap Fixtures And Equipment Gross
FixturesAndEquipmentGross
452294000
CY2020Q4 us-gaap Fixtures And Equipment Gross
FixturesAndEquipmentGross
431918000
CY2021Q3 us-gaap Contract With Customer Asset Net
ContractWithCustomerAssetNet
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CY2020Q4 us-gaap Contract With Customer Asset Net
ContractWithCustomerAssetNet
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CY2021Q3 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
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CY2020Q4 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
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CY2021Q3 us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
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CY2021Q3 us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
200000
us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
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us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
1300000
us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
10200000
us-gaap Number Of Operating Segments
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1
CY2021Q3 us-gaap Land
Land
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CY2020Q4 us-gaap Land
Land
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CY2021Q3 sho Percentage Of Debt Bearing Fixed Interest Rates
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CY2020Q4 sho Percentage Of Debt Bearing Fixed Interest Rates
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CY2020Q4 us-gaap Other Finite Lived Intangible Assets Gross
OtherFiniteLivedIntangibleAssetsGross
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CY2021Q3 us-gaap Construction In Progress Gross
ConstructionInProgressGross
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CY2020Q4 us-gaap Construction In Progress Gross
ConstructionInProgressGross
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CY2021Q3 us-gaap Real Estate Investment Property At Cost
RealEstateInvestmentPropertyAtCost
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CY2020Q4 us-gaap Real Estate Investment Property At Cost
RealEstateInvestmentPropertyAtCost
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CY2021Q3 us-gaap Real Estate Investment Property Accumulated Depreciation
RealEstateInvestmentPropertyAccumulatedDepreciation
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CY2020Q4 us-gaap Real Estate Investment Property Accumulated Depreciation
RealEstateInvestmentPropertyAccumulatedDepreciation
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CY2021Q3 us-gaap Real Estate Investment Property Net
RealEstateInvestmentPropertyNet
2669169000
CY2020Q4 us-gaap Real Estate Investment Property Net
RealEstateInvestmentPropertyNet
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CY2021Q3 us-gaap Interest Rate Derivatives At Fair Value Net
InterestRateDerivativesAtFairValueNet
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CY2020Q4 us-gaap Interest Rate Derivatives At Fair Value Net
InterestRateDerivativesAtFairValueNet
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CY2021Q3 us-gaap Derivative Instruments Not Designated As Hedging Instruments Gain Loss Net
DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet
616000
CY2020Q3 us-gaap Derivative Instruments Not Designated As Hedging Instruments Gain Loss Net
DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet
762000
us-gaap Derivative Instruments Not Designated As Hedging Instruments Gain Loss Net
DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet
2194000
us-gaap Derivative Instruments Not Designated As Hedging Instruments Gain Loss Net
DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet
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CY2021Q3 us-gaap Notes Payable
NotesPayable
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CY2020Q4 us-gaap Notes Payable
NotesPayable
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CY2021Q3 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
6022000
CY2020Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
6767000
CY2021Q3 us-gaap Deferred Rent Receivables Net Noncurrent
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2988000
CY2020Q4 us-gaap Deferred Rent Receivables Net Noncurrent
DeferredRentReceivablesNetNoncurrent
2819000
CY2021Q3 us-gaap Other Receivables
OtherReceivables
1840000
CY2020Q4 us-gaap Other Receivables
OtherReceivables
2633000
CY2021Q3 us-gaap Other Assets Miscellaneous Noncurrent
OtherAssetsMiscellaneousNoncurrent
367000
CY2020Q4 us-gaap Other Assets Miscellaneous Noncurrent
OtherAssetsMiscellaneousNoncurrent
226000
CY2021Q3 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
11217000
CY2020Q4 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
12445000
CY2021Q3 us-gaap Notes Payable
NotesPayable
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CY2020Q4 us-gaap Notes Payable
NotesPayable
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CY2021Q3 us-gaap Notes Payable Current
NotesPayableCurrent
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CY2020Q4 us-gaap Notes Payable Current
NotesPayableCurrent
3305000
CY2021Q3 us-gaap Debt Instrument Unamortized Discount Current
DebtInstrumentUnamortizedDiscountCurrent
1014000
CY2020Q4 us-gaap Debt Instrument Unamortized Discount Current
DebtInstrumentUnamortizedDiscountCurrent
1044000
CY2021Q3 us-gaap Long Term Debt Current
LongTermDebtCurrent
87396000
CY2020Q4 us-gaap Long Term Debt Current
LongTermDebtCurrent
2261000
CY2021Q3 us-gaap Long Term Notes Payable
LongTermNotesPayable
657074000
CY2020Q4 us-gaap Long Term Notes Payable
LongTermNotesPayable
744640000
CY2021Q3 us-gaap Debt Instrument Unamortized Discount Noncurrent
DebtInstrumentUnamortizedDiscountNoncurrent
1361000
CY2020Q4 us-gaap Debt Instrument Unamortized Discount Noncurrent
DebtInstrumentUnamortizedDiscountNoncurrent
2112000
CY2021Q3 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
655713000
CY2020Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
742528000
CY2021Q3 us-gaap Interest Expense Debt Excluding Amortization
InterestExpenseDebtExcludingAmortization
7864000
CY2020Q3 us-gaap Interest Expense Debt Excluding Amortization
InterestExpenseDebtExcludingAmortization
12612000
us-gaap Interest Expense Debt Excluding Amortization
InterestExpenseDebtExcludingAmortization
23684000
us-gaap Interest Expense Debt Excluding Amortization
InterestExpenseDebtExcludingAmortization
35377000
CY2021Q3 sho Noncash Interest On Derivatives And Capital Lease Obligations
NoncashInterestOnDerivativesAndCapitalLeaseObligations
-616000
CY2020Q3 sho Noncash Interest On Derivatives And Capital Lease Obligations
NoncashInterestOnDerivativesAndCapitalLeaseObligations
-762000
sho Noncash Interest On Derivatives And Capital Lease Obligations
NoncashInterestOnDerivativesAndCapitalLeaseObligations
-2194000
sho Noncash Interest On Derivatives And Capital Lease Obligations
NoncashInterestOnDerivativesAndCapitalLeaseObligations
5534000
CY2021Q3 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
735000
CY2020Q3 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
892000
us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
2207000
us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
2288000
CY2021Q3 us-gaap Interest Expense
InterestExpense
7983000
CY2020Q3 us-gaap Interest Expense
InterestExpense
12742000
us-gaap Interest Expense
InterestExpense
23697000
us-gaap Interest Expense
InterestExpense
43199000
CY2021Q3 us-gaap Accrual For Taxes Other Than Income Taxes Current
AccrualForTaxesOtherThanIncomeTaxesCurrent
16798000
CY2020Q4 us-gaap Accrual For Taxes Other Than Income Taxes Current
AccrualForTaxesOtherThanIncomeTaxesCurrent
10134000
CY2021Q3 us-gaap Interest Payable Current
InterestPayableCurrent
3965000
CY2020Q4 us-gaap Interest Payable Current
InterestPayableCurrent
6914000
CY2021Q3 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
31429000
CY2020Q4 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
13341000
CY2021Q3 sho Management Fees Payable
ManagementFeesPayable
655000
CY2020Q4 sho Management Fees Payable
ManagementFeesPayable
169000
CY2021Q3 us-gaap Other Sundry Liabilities Current
OtherSundryLiabilitiesCurrent
3113000
CY2020Q4 us-gaap Other Sundry Liabilities Current
OtherSundryLiabilitiesCurrent
2048000
CY2021Q3 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
57129000
CY2020Q4 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
32606000
CY2020Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
34982000
CY2021Q3 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P6Y
CY2021Q3 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.051
CY2021Q3 us-gaap Finance Lease Liability Current
FinanceLeaseLiabilityCurrent
1000
CY2020Q4 us-gaap Finance Lease Liability Current
FinanceLeaseLiabilityCurrent
1000
CY2021Q3 us-gaap Finance Lease Liability Noncurrent
FinanceLeaseLiabilityNoncurrent
15568000
CY2020Q4 us-gaap Finance Lease Liability Noncurrent
FinanceLeaseLiabilityNoncurrent
15569000
CY2021Q3 us-gaap Finance Lease Liability
FinanceLeaseLiability
15569000
CY2020Q4 us-gaap Finance Lease Liability
FinanceLeaseLiability
15570000
CY2021Q3 us-gaap Finance Lease Weighted Average Remaining Lease Term1
FinanceLeaseWeightedAverageRemainingLeaseTerm1
P76Y
CY2021Q3 us-gaap Finance Lease Weighted Average Discount Rate Percent
FinanceLeaseWeightedAverageDiscountRatePercent
0.090
CY2021Q3 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
23971000
CY2020Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
26093000
CY2021Q3 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
5424000
CY2020Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
5028000
CY2021Q3 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
26432000
CY2020Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
29954000
CY2021Q3 us-gaap Operating Lease Liability
OperatingLeaseLiability
31856000
CY2021Q3 us-gaap Deferred Revenue Noncurrent
DeferredRevenueNoncurrent
9106000
CY2020Q4 us-gaap Deferred Revenue Noncurrent
DeferredRevenueNoncurrent
7911000
CY2021Q3 us-gaap Other Sundry Liabilities Noncurrent
OtherSundryLiabilitiesNoncurrent
3122000
CY2020Q4 us-gaap Other Sundry Liabilities Noncurrent
OtherSundryLiabilitiesNoncurrent
3873000
CY2021Q3 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
14495000
CY2020Q4 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
17494000
sho Weighted Average Remaining Lease Term Including All Available Extension Options
WeightedAverageRemainingLeaseTermIncludingAllAvailableExtensionOptions
P33Y
CY2021Q3 us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
368000
CY2020Q3 us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
368000
us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
1103000
us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
1103000
CY2021Q3 us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
351000
CY2020Q3 us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
351000
us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
1053000
us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
1053000
CY2021Q3 us-gaap Operating Lease Cost
OperatingLeaseCost
1382000
CY2020Q3 us-gaap Operating Lease Cost
OperatingLeaseCost
2681000
us-gaap Operating Lease Cost
OperatingLeaseCost
4068000
us-gaap Operating Lease Cost
OperatingLeaseCost
6751000
CY2020Q3 us-gaap Variable Lease Cost
VariableLeaseCost
15000
CY2021Q3 us-gaap Royalty Expense
RoyaltyExpense
940000
us-gaap Variable Lease Cost
VariableLeaseCost
13000
us-gaap Variable Lease Cost
VariableLeaseCost
39000
CY2021Q3 us-gaap Lease Cost
LeaseCost
2101000
CY2020Q3 us-gaap Lease Cost
LeaseCost
3415000
us-gaap Lease Cost
LeaseCost
6237000
us-gaap Lease Cost
LeaseCost
8946000
CY2021Q3 us-gaap Marketing Expense
MarketingExpense
3241000
CY2020Q3 us-gaap Marketing Expense
MarketingExpense
555000
us-gaap Marketing Expense
MarketingExpense
5961000
us-gaap Marketing Expense
MarketingExpense
5349000
CY2020Q3 us-gaap Royalty Expense
RoyaltyExpense
108000
us-gaap Royalty Expense
RoyaltyExpense
1507000
us-gaap Royalty Expense
RoyaltyExpense
988000
CY2021Q3 us-gaap Costs Of Franchised Outlets
CostsOfFranchisedOutlets
4181000
CY2020Q3 us-gaap Costs Of Franchised Outlets
CostsOfFranchisedOutlets
663000
us-gaap Costs Of Franchised Outlets
CostsOfFranchisedOutlets
7468000
us-gaap Costs Of Franchised Outlets
CostsOfFranchisedOutlets
6337000

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