$SHO
Sunstone Hotel Investors, Inc.

2022 Q4 Form 10-Q Financial Statement

#000155837022016802 Filed on November 08, 2022

View on sec.gov

Income Statement

Concept 2022 Q4 2022 Q3 2021 Q3
Revenue $244.1M $244.3M $167.4M
YoY Change 40.4% 45.93% 479.11%
Cost Of Revenue $92.26M $92.41M $64.19M
YoY Change 37.26% 43.97% 181.53%
Gross Profit $151.9M $151.9M $103.2M
YoY Change 42.39% 47.15% 1565.03%
Gross Profit Margin 62.21% 62.17% 61.66%
Selling, General & Admin $86.86M $11.76M $18.66M
YoY Change 10.0% -37.01% 161.5%
% of Gross Profit 57.19% 7.74% 18.08%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $32.38M $31.73M $32.58M
YoY Change -0.68% -2.62% -1.26%
% of Gross Profit 21.32% 20.89% 31.56%
Operating Expenses $119.3M $214.3M $181.6M
YoY Change 6.89% 18.03% 68.97%
Operating Profit $32.63M -$62.45M -$78.37M
YoY Change -766.58% -20.32% -0.25%
Interest Expense -$11.72M $9.269M $7.983M
YoY Change 62.71% 16.11% -37.35%
% of Operating Profit -35.91%
Other Income/Expense, Net $476.0K $270.0K $2.000K
YoY Change 3561.54% 13400.0% -98.56%
Pretax Income $17.95M $20.20M -$22.10M
YoY Change -87.03% -191.4% -75.77%
Income Tax $485.0K -$290.0K $25.00K
% Of Pretax Income 2.7% -1.44%
Net Earnings $13.66M $20.49M -$22.12M
YoY Change -90.1% -192.61% -75.72%
Net Earnings / Revenue 5.6% 8.39% -13.21%
Basic Earnings Per Share $0.08 -$0.13
Diluted Earnings Per Share $0.07 $0.08 -$105.9K
COMMON SHARES
Basic Shares Outstanding 210.4M 212.3M 219.0M
Diluted Shares Outstanding 211.3M 217.7M

Balance Sheet

Concept 2022 Q4 2022 Q3 2021 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $101.2M $117.6M $179.5M
YoY Change -15.99% -34.49% -61.09%
Cash & Equivalents $101.2M $117.6M $179.5M
Short-Term Investments
Other Short-Term Assets $70.65M $64.63M $74.40M
YoY Change -46.83% -13.13% 30.98%
Inventory
Prepaid Expenses
Receivables $42.09M $45.75M $28.35M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $214.0M $228.0M $282.2M
YoY Change -24.15% -19.23% -46.01%
LONG-TERM ASSETS
Property, Plant & Equipment $3.685M $5.113M $6.022M
YoY Change -37.67% -15.09% -14.14%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $7.867M $8.945M $11.22M
YoY Change -40.38% -20.25% -12.53%
Total Long-Term Assets $2.869B $2.882B $2.752B
YoY Change 3.98% 4.73% 1.04%
TOTAL ASSETS
Total Short-Term Assets $214.0M $228.0M $282.2M
Total Long-Term Assets $2.869B $2.882B $2.752B
Total Assets $3.083B $3.110B $3.035B
YoY Change 1.37% 2.5% -6.54%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $52.20M $54.83M $43.32M
YoY Change 42.89% 26.59% 10.5%
Accrued Expenses $34.37M $31.92M $27.45M
YoY Change 6.74% 16.31% -2.67%
Deferred Revenue $44.22M $44.67M $31.43M
YoY Change 31.03% 42.14% 144.68%
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $222.0M $2.088M $87.40M
YoY Change 972.92% -97.61% -53.54%
Total Short-Term Liabilities $380.9M $167.9M $219.9M
YoY Change 116.71% -23.66% -23.58%
LONG-TERM LIABILITIES
Long-Term Debt $590.7M $810.9M $655.7M
YoY Change 0.32% 23.67% -11.81%
Other Long-Term Liabilities $11.96M $9.575M $14.50M
YoY Change 2.58% -33.94% -44.05%
Total Long-Term Liabilities $602.6M $820.5M $670.2M
YoY Change 0.37% 22.42% -12.9%
TOTAL LIABILITIES
Total Short-Term Liabilities $380.9M $167.9M $219.9M
Total Long-Term Liabilities $602.6M $820.5M $670.2M
Total Liabilities $997.9M $1.007B $932.1M
YoY Change 24.53% 8.0% -16.68%
SHAREHOLDERS EQUITY
Retained Earnings $1.035B $1.018B $810.1M
YoY Change 9.21% 25.65% -14.89%
Common Stock $2.093M $2.116M $2.193M
YoY Change -4.56% -3.51% 1.72%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $2.085B $2.104B $2.062B
YoY Change
Total Liabilities & Shareholders Equity $3.083B $3.110B $3.035B
YoY Change 1.37% 2.5% -6.54%

Cashflow Statement

Concept 2022 Q4 2022 Q3 2021 Q3
OPERATING ACTIVITIES
Net Income $13.66M $20.49M -$22.12M
YoY Change -90.1% -192.61% -75.72%
Depreciation, Depletion And Amortization $32.38M $31.73M $32.58M
YoY Change -0.68% -2.62% -1.26%
Cash From Operating Activities $59.69M $59.05M $22.33M
YoY Change 198.94% 164.46% -142.61%
INVESTING ACTIVITIES
Capital Expenditures $0.00 $0.00 -$60.00K
YoY Change -100.0% -100.0% -40.0%
Acquisitions
YoY Change
Other Investing Activities -$31.34M -$34.92M -$29.11M
YoY Change -118.47% 19.97% -146.79%
Cash From Investing Activities -$31.34M -$34.92M -$29.16M
YoY Change -1742.35% 19.73% -146.96%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -38.99M -9.226M 18.06M
YoY Change -51.73% -151.08% -119.55%
NET CHANGE
Cash From Operating Activities 59.69M 59.05M 22.33M
Cash From Investing Activities -31.34M -34.92M -29.16M
Cash From Financing Activities -38.99M -9.226M 18.06M
Net Change In Cash -10.64M 14.90M 11.22M
YoY Change -81.94% 32.77% -113.57%
FREE CASH FLOW
Cash From Operating Activities $59.69M $59.05M $22.33M
Capital Expenditures $0.00 $0.00 -$60.00K
Free Cash Flow $59.69M $59.05M $22.39M
YoY Change -68.21% 163.75% -142.8%

Facts In Submission

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WeightedAverageNumberOfSharesOutstandingBasic
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CY2021Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
217709000
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
213799000
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
215765000
CY2022Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
211289000
CY2021Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
217709000
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
213869000
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
215765000
CY2021Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
2239774000
CY2022Q1 us-gaap Adjustments To Additional Paid In Capital Share Based Compensation Restricted Stock Units Requisite Service Period Recognition
AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationRestrictedStockUnitsRequisiteServicePeriodRecognition
3701000
CY2022Q1 us-gaap Restricted Stock Value Shares Issued Net Of Tax Withholdings
RestrictedStockValueSharesIssuedNetOfTaxWithholdings
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CY2022Q1 us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
43465000
CY2022Q1 us-gaap Profit Loss
ProfitLoss
15123000
CY2022Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
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CY2022Q2 us-gaap Adjustments To Additional Paid In Capital Share Based Compensation Restricted Stock Units Requisite Service Period Recognition
AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationRestrictedStockUnitsRequisiteServicePeriodRecognition
2971000
CY2022Q2 us-gaap Stock Issued During Period Value Restricted Stock Award Gross
StockIssuedDuringPeriodValueRestrictedStockAwardGross
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CY2022Q2 us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
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CY2022Q2 us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
5500000
CY2022Q2 sho Acquisition Of Noncontrolling Interest
AcquisitionOfNoncontrollingInterest
101348000
CY2022Q2 us-gaap Profit Loss
ProfitLoss
37692000
CY2022Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
2103445000
CY2022Q3 us-gaap Adjustments To Additional Paid In Capital Share Based Compensation Restricted Stock Units Requisite Service Period Recognition
AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationRestrictedStockUnitsRequisiteServicePeriodRecognition
2350000
CY2022Q3 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.05
CY2022Q3 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
10610000
CY2022Q3 us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
8666000
CY2022Q3 us-gaap Profit Loss
ProfitLoss
20488000
CY2022Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
2103656000
CY2020Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
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CY2021Q1 us-gaap Adjustments To Additional Paid In Capital Share Based Compensation Restricted Stock Units Requisite Service Period Recognition
AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationRestrictedStockUnitsRequisiteServicePeriodRecognition
2869000
CY2021Q1 us-gaap Restricted Stock Value Shares Issued Net Of Tax Withholdings
RestrictedStockValueSharesIssuedNetOfTaxWithholdings
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CY2021Q1 us-gaap Noncontrolling Interest Increase From Subsidiary Equity Issuance
NoncontrollingInterestIncreaseFromSubsidiaryEquityIssuance
1375000
CY2021Q1 us-gaap Profit Loss
ProfitLoss
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CY2021Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
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CY2021Q2 us-gaap Adjustments To Additional Paid In Capital Share Based Compensation Restricted Stock Units Requisite Service Period Recognition
AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationRestrictedStockUnitsRequisiteServicePeriodRecognition
4784000
CY2021Q2 us-gaap Restricted Stock Value Shares Issued Net Of Tax Withholdings
RestrictedStockValueSharesIssuedNetOfTaxWithholdings
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CY2021Q2 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
37659000
CY2021Q2 us-gaap Profit Loss
ProfitLoss
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CY2021Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
2103305000
CY2021Q3 us-gaap Adjustments To Additional Paid In Capital Share Based Compensation Restricted Stock Units Requisite Service Period Recognition
AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationRestrictedStockUnitsRequisiteServicePeriodRecognition
3289000
CY2021Q3 us-gaap Profit Loss
ProfitLoss
-22124000
CY2021Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
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us-gaap Profit Loss
ProfitLoss
73303000
us-gaap Profit Loss
ProfitLoss
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us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
846000
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
322000
us-gaap Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
22946000
us-gaap Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
-82000
us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
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us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
371000
us-gaap Increase Decrease In Derivative Assets And Liabilities
IncreaseDecreaseInDerivativeAssetsAndLiabilities
2904000
us-gaap Increase Decrease In Derivative Assets And Liabilities
IncreaseDecreaseInDerivativeAssetsAndLiabilities
2194000
us-gaap Depreciation
Depreciation
93573000
us-gaap Depreciation
Depreciation
96053000
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
387000
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
31000
us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
1940000
us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
2207000
us-gaap Share Based Compensation
ShareBasedCompensation
8661000
us-gaap Share Based Compensation
ShareBasedCompensation
10576000
us-gaap Insured Event Gain Loss
InsuredEventGainLoss
4369000
us-gaap Impairment Of Real Estate
ImpairmentOfRealEstate
1014000
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
16279000
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
20241000
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-5465000
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
3228000
us-gaap Increase Decrease In Accounts Payable And Other Operating Liabilities
IncreaseDecreaseInAccountsPayableAndOtherOperatingLiabilities
10831000
us-gaap Increase Decrease In Accounts Payable And Other Operating Liabilities
IncreaseDecreaseInAccountsPayableAndOtherOperatingLiabilities
23403000
us-gaap Increase Decrease In Employee Related Liabilities
IncreaseDecreaseInEmployeeRelatedLiabilities
1278000
us-gaap Increase Decrease In Employee Related Liabilities
IncreaseDecreaseInEmployeeRelatedLiabilities
7083000
sho Increase Decrease In Operating Lease Right Of Use Assets And Liabilities Net
IncreaseDecreaseInOperatingLeaseRightOfUseAssetsAndLiabilitiesNet
-1050000
sho Increase Decrease In Operating Lease Right Of Use Assets And Liabilities Net
IncreaseDecreaseInOperatingLeaseRightOfUseAssetsAndLiabilitiesNet
-1004000
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
149698000
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
8404000
us-gaap Proceeds From Sales Of Assets Investing Activities
ProceedsFromSalesOfAssetsInvestingActivities
191291000
us-gaap Payments To Acquire Commercial Real Estate
PaymentsToAcquireCommercialRealEstate
195706000
us-gaap Payments For Capital Improvements
PaymentsForCapitalImprovements
97539000
us-gaap Payments For Capital Improvements
PaymentsForCapitalImprovements
41910000
us-gaap Payments For Derivative Instrument Investing Activities
PaymentsForDerivativeInstrumentInvestingActivities
80000
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
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sho Payment For Acquisition Of Noncontrolling Interest
PaymentForAcquisitionOfNoncontrollingInterest
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us-gaap Proceeds From Issuance Of Redeemable Preferred Stock
ProceedsFromIssuanceOfRedeemablePreferredStock
215000000
us-gaap Payments For Repurchase Of Redeemable Preferred Stock
PaymentsForRepurchaseOfRedeemablePreferredStock
190000000
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
38443000
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
86646000
us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
3351000
us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
4877000
us-gaap Proceeds From Unsecured Lines Of Credit
ProceedsFromUnsecuredLinesOfCredit
230000000
us-gaap Repayments Of Long Term Lines Of Credit
RepaymentsOfLongTermLinesOfCredit
230000000
us-gaap Proceeds From Issuance Of Debt
ProceedsFromIssuanceOfDebt
243615000
us-gaap Repayments Of Debt
RepaymentsOfDebt
38405000
us-gaap Repayments Of Debt
RepaymentsOfDebt
2461000
us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
7404000
us-gaap Payments Of Dividends
PaymentsOfDividends
11059000
us-gaap Payments Of Dividends
PaymentsOfDividends
10745000
us-gaap Payments To Minority Shareholders
PaymentsToMinorityShareholders
5500000
us-gaap Proceeds From Minority Shareholders
ProceedsFromMinorityShareholders
1375000
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-10189000
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
38664000
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
5124000
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-194528000
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
162717000
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
416139000
CY2022Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
167841000
CY2021Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
221611000
CY2022Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
117588000
CY2021Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
179487000
CY2022Q3 us-gaap Restricted Cash And Cash Equivalents At Carrying Value
RestrictedCashAndCashEquivalentsAtCarryingValue
50253000
CY2021Q3 us-gaap Restricted Cash And Cash Equivalents At Carrying Value
RestrictedCashAndCashEquivalentsAtCarryingValue
42124000
CY2022Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
167841000
CY2021Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
221611000
us-gaap Interest Paid Net
InterestPaidNet
24279000
us-gaap Interest Paid Net
InterestPaidNet
26629000
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
-218000
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
-45000
us-gaap Operating Lease Payments
OperatingLeasePayments
5080000
us-gaap Operating Lease Payments
OperatingLeasePayments
5077000
sho Increase Decrease In In Operating Lease Right Of Use Assets Net
IncreaseDecreaseInInOperatingLeaseRightOfUseAssetsNet
-3020000
sho Increase Decrease In In Operating Lease Right Of Use Assets Net
IncreaseDecreaseInInOperatingLeaseRightOfUseAssetsNet
-2804000
sho Increase Decrease In Operating Lease Liabilities Net
IncreaseDecreaseInOperatingLeaseLiabilitiesNet
-4070000
sho Increase Decrease In Operating Lease Liabilities Net
IncreaseDecreaseInOperatingLeaseLiabilitiesNet
-3808000
sho Increase Decrease In Operating Lease Right Of Use Assets And Liabilities Net
IncreaseDecreaseInOperatingLeaseRightOfUseAssetsAndLiabilitiesNet
-1050000
sho Increase Decrease In Operating Lease Right Of Use Assets And Liabilities Net
IncreaseDecreaseInOperatingLeaseRightOfUseAssetsAndLiabilitiesNet
-1004000
us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
17630000
us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
9932000
us-gaap Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount
361000
us-gaap Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount
366000
us-gaap Preferred Stock Redemption Premium
PreferredStockRedemptionPremium
6640000
CY2022Q3 us-gaap Dividends Payable Current And Noncurrent
DividendsPayableCurrentAndNoncurrent
13961000
CY2021Q3 us-gaap Dividends Payable Current And Noncurrent
DividendsPayableCurrentAndNoncurrent
3112000
CY2022Q3 us-gaap Number Of Real Estate Properties
NumberOfRealEstateProperties
15
CY2022Q3 us-gaap Number Of Real Estate Properties
NumberOfRealEstateProperties
15
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>
CY2022Q3 us-gaap Profit Loss
ProfitLoss
20488000
CY2021Q3 us-gaap Profit Loss
ProfitLoss
-22124000
us-gaap Profit Loss
ProfitLoss
73303000
us-gaap Profit Loss
ProfitLoss
-105329000
CY2021Q3 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
933000
us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
3477000
us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
-1638000
CY2022Q3 us-gaap Preferred Stock Dividends And Other Adjustments
PreferredStockDividendsAndOtherAdjustments
3351000
CY2021Q3 us-gaap Preferred Stock Dividends And Other Adjustments
PreferredStockDividendsAndOtherAdjustments
6287000
us-gaap Preferred Stock Dividends And Other Adjustments
PreferredStockDividendsAndOtherAdjustments
10897000
us-gaap Preferred Stock Dividends And Other Adjustments
PreferredStockDividendsAndOtherAdjustments
17289000
CY2022Q3 us-gaap Dividends Share Based Compensation Cash
DividendsShareBasedCompensationCash
64000
us-gaap Dividends Share Based Compensation Cash
DividendsShareBasedCompensationCash
64000
CY2022Q3 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
40000
us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
301000
CY2022Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
17033000
CY2021Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-29344000
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
58564000
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-120980000
CY2022Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
211010000
CY2021Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
217709000
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
213799000
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
215765000
CY2022Q3 us-gaap Incremental Common Shares Attributable To Nonvested Shares With Forfeitable Dividends
IncrementalCommonSharesAttributableToNonvestedSharesWithForfeitableDividends
279000
us-gaap Incremental Common Shares Attributable To Nonvested Shares With Forfeitable Dividends
IncrementalCommonSharesAttributableToNonvestedSharesWithForfeitableDividends
70000
CY2022Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
211289000
CY2021Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
217709000
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
213869000
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
215765000
CY2022Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.08
CY2021Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.13
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.27
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.56
CY2022Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.08
CY2021Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.13
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.27
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.56
sho Number Of Hotels Impaired
NumberOfHotelsImpaired
0
sho Leases Initial Maximum Term Not Recorded On Balance Sheet
LeasesInitialMaximumTermNotRecordedOnBalanceSheet
P12M
sho Leases Initial Minimum Term Recorded Right Of Use Assets
LeasesInitialMinimumTermRecordedRightOfUseAssets
P12M
sho Number Of Hotels With Operating Lease Right Of Use Asset Impairment
NumberOfHotelsWithOperatingLeaseRightOfUseAssetImpairment
0
sho Number Of Hotels With Operating Lease Right Of Use Asset Impairment
NumberOfHotelsWithOperatingLeaseRightOfUseAssetImpairment
0
CY2022Q3 us-gaap Indefinite Lived License Agreements
IndefiniteLivedLicenseAgreements
928000
CY2021Q4 us-gaap Indefinite Lived License Agreements
IndefiniteLivedLicenseAgreements
826000
CY2022Q3 us-gaap Other Receivables
OtherReceivables
715000
CY2021Q4 us-gaap Other Receivables
OtherReceivables
3914000
CY2022Q3 sho Number Of Unsecured Term Loans
NumberOfUnsecuredTermLoans
2
CY2022Q3 sho Excess Cash Generated
ExcessCashGenerated
0
CY2021Q4 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
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us-gaap Variable Lease Cost
VariableLeaseCost
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CY2022Q3 us-gaap Lease Cost
LeaseCost
3566000
CY2022Q3 us-gaap Contract With Customer Asset Net
ContractWithCustomerAssetNet
28487000
CY2021Q4 us-gaap Contract With Customer Asset Net
ContractWithCustomerAssetNet
16055000
CY2022Q3 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
51648000
CY2021Q4 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
40226000
CY2022Q3 us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
3000000.0
CY2021Q3 us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
200000
us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
25400000
us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
1300000
us-gaap Number Of Operating Segments
NumberOfOperatingSegments
1
us-gaap Number Of Operating Segments
NumberOfOperatingSegments
1
CY2022Q3 us-gaap Other Assets Miscellaneous Noncurrent
OtherAssetsMiscellaneousNoncurrent
86000
CY2021Q4 us-gaap Other Assets Miscellaneous Noncurrent
OtherAssetsMiscellaneousNoncurrent
89000
CY2022Q3 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
8945000
CY2021Q4 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
13196000
CY2022Q3 us-gaap Notes Payable
NotesPayable
816647000
CY2021Q4 us-gaap Notes Payable
NotesPayable
611437000
CY2022Q3 us-gaap Notes Payable Current
NotesPayableCurrent
2145000
CY2021Q4 us-gaap Notes Payable Current
NotesPayableCurrent
21401000
CY2022Q3 us-gaap Land
Land
672531000
CY2021Q4 us-gaap Land
Land
604692000
CY2022Q3 us-gaap Buildings And Improvements Gross
BuildingsAndImprovementsGross
2780117000
CY2021Q4 us-gaap Buildings And Improvements Gross
BuildingsAndImprovementsGross
2729461000
CY2022Q3 us-gaap Fixtures And Equipment Gross
FixturesAndEquipmentGross
423546000
CY2021Q4 us-gaap Fixtures And Equipment Gross
FixturesAndEquipmentGross
431780000
CY2022Q3 sho Finite Lived And Indefinite Lived Intangible Assets Gross
FiniteLivedAndIndefiniteLivedIntangibleAssetsGross
42408000
CY2021Q4 sho Finite Lived And Indefinite Lived Intangible Assets Gross
FiniteLivedAndIndefiniteLivedIntangibleAssetsGross
43117000
CY2022Q3 us-gaap Construction In Progress Gross
ConstructionInProgressGross
65121000
CY2021Q4 us-gaap Construction In Progress Gross
ConstructionInProgressGross
41260000
CY2022Q3 us-gaap Real Estate Investment Property At Cost
RealEstateInvestmentPropertyAtCost
3983723000
CY2021Q4 us-gaap Real Estate Investment Property At Cost
RealEstateInvestmentPropertyAtCost
3850310000
CY2022Q3 us-gaap Real Estate Investment Property Accumulated Depreciation
RealEstateInvestmentPropertyAccumulatedDepreciation
1133498000
CY2021Q4 us-gaap Real Estate Investment Property Accumulated Depreciation
RealEstateInvestmentPropertyAccumulatedDepreciation
1130294000
CY2022Q3 us-gaap Real Estate Investment Property Net
RealEstateInvestmentPropertyNet
2850225000
CY2021Q4 us-gaap Real Estate Investment Property Net
RealEstateInvestmentPropertyNet
2720016000
CY2022Q3 sho Percentage Of Debt Bearing Fixed Interest Rates
PercentageOfDebtBearingFixedInterestRates
0.424
CY2021Q4 sho Percentage Of Debt Bearing Fixed Interest Rates
PercentageOfDebtBearingFixedInterestRates
0.640
CY2022Q3 us-gaap Debt Instrument Unamortized Discount Current
DebtInstrumentUnamortizedDiscountCurrent
57000
CY2021Q4 us-gaap Debt Instrument Unamortized Discount Current
DebtInstrumentUnamortizedDiscountCurrent
707000
CY2022Q3 us-gaap Long Term Debt Current
LongTermDebtCurrent
2088000
CY2021Q4 us-gaap Long Term Debt Current
LongTermDebtCurrent
20694000
CY2022Q3 us-gaap Long Term Notes Payable
LongTermNotesPayable
814502000
CY2021Q4 us-gaap Long Term Notes Payable
LongTermNotesPayable
590036000
CY2022Q3 us-gaap Debt Instrument Unamortized Discount Noncurrent
DebtInstrumentUnamortizedDiscountNoncurrent
3593000
CY2021Q4 us-gaap Debt Instrument Unamortized Discount Noncurrent
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1295000
CY2022Q3 us-gaap Long Term Debt Noncurrent
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810909000
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LongTermDebtNoncurrent
588741000
CY2022Q3 us-gaap Notes Payable
NotesPayable
816647000
CY2021Q4 us-gaap Notes Payable
NotesPayable
611437000
CY2022Q3 us-gaap Interest Rate Derivatives At Fair Value Net
InterestRateDerivativesAtFairValueNet
679000
CY2021Q4 us-gaap Interest Rate Derivatives At Fair Value Net
InterestRateDerivativesAtFairValueNet
-2225000
CY2022Q3 us-gaap Derivative Instruments Not Designated As Hedging Instruments Gain Loss Net
DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet
39000
CY2021Q3 us-gaap Derivative Instruments Not Designated As Hedging Instruments Gain Loss Net
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616000
us-gaap Derivative Instruments Not Designated As Hedging Instruments Gain Loss Net
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2904000
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2194000
CY2022Q3 us-gaap Property Plant And Equipment Net
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5113000
CY2021Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
5912000
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2103000
CY2021Q4 us-gaap Deferred Rent Receivables Net Noncurrent
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2455000
CY2022Q3 us-gaap Interest Expense Debt Excluding Amortization
InterestExpenseDebtExcludingAmortization
8719000
CY2021Q3 us-gaap Interest Expense Debt Excluding Amortization
InterestExpenseDebtExcludingAmortization
7864000
us-gaap Interest Expense Debt Excluding Amortization
InterestExpenseDebtExcludingAmortization
21252000
us-gaap Interest Expense Debt Excluding Amortization
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23684000
CY2022Q3 us-gaap Derivative Instruments Not Designated As Hedging Instruments Gain Loss Net
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39000
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616000
us-gaap Derivative Instruments Not Designated As Hedging Instruments Gain Loss Net
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2904000
us-gaap Derivative Instruments Not Designated As Hedging Instruments Gain Loss Net
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2194000
CY2022Q3 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
589000
CY2021Q3 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
735000
us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
1940000
us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
2207000
CY2022Q3 us-gaap Interest Expense
InterestExpense
9269000
CY2021Q3 us-gaap Interest Expense
InterestExpense
7983000
us-gaap Interest Expense
InterestExpense
20288000
us-gaap Interest Expense
InterestExpense
23697000
CY2022Q3 us-gaap Accrual For Taxes Other Than Income Taxes Current
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14538000
CY2021Q4 us-gaap Accrual For Taxes Other Than Income Taxes Current
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12591000
CY2022Q3 us-gaap Interest Payable Current
InterestPayableCurrent
3832000
CY2021Q4 us-gaap Interest Payable Current
InterestPayableCurrent
6858000
CY2022Q3 us-gaap Contract With Customer Liability Current
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44673000
CY2021Q4 us-gaap Contract With Customer Liability Current
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33750000
CY2021Q4 us-gaap Derivative Liabilities Current
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744000
CY2022Q3 sho Management Fees Payable
ManagementFeesPayable
1297000
CY2021Q4 sho Management Fees Payable
ManagementFeesPayable
1691000
CY2022Q3 us-gaap Other Sundry Liabilities Current
OtherSundryLiabilitiesCurrent
4580000
CY2021Q4 us-gaap Other Sundry Liabilities Current
OtherSundryLiabilitiesCurrent
3250000
CY2022Q3 us-gaap Other Liabilities Current
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68920000
CY2022Q3 us-gaap Deferred Revenue Noncurrent
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7076000
CY2021Q4 us-gaap Deferred Revenue Noncurrent
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6598000
CY2021Q4 us-gaap Derivative Liabilities Noncurrent
DerivativeLiabilitiesNoncurrent
1484000
CY2022Q3 us-gaap Other Sundry Liabilities Noncurrent
OtherSundryLiabilitiesNoncurrent
2499000
CY2021Q4 us-gaap Other Sundry Liabilities Noncurrent
OtherSundryLiabilitiesNoncurrent
3574000
CY2022Q3 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
9575000
CY2021Q4 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
11656000
CY2022Q3 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
17866000
CY2021Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
23161000
CY2022Q3 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
5678000
CY2021Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
5586000
CY2022Q3 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
18349000
CY2021Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
25120000
CY2022Q3 us-gaap Operating Lease Liability
OperatingLeaseLiability
24027000
CY2021Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
30706000
CY2022Q3 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P33Y
CY2022Q3 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.050
CY2021Q3 us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
368000
us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
1103000
CY2021Q3 us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
351000
us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
117000
us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
1053000
CY2022Q3 us-gaap Operating Lease Cost
OperatingLeaseCost
1325000
CY2021Q3 us-gaap Operating Lease Cost
OperatingLeaseCost
1382000
us-gaap Operating Lease Cost
OperatingLeaseCost
4041000
us-gaap Operating Lease Cost
OperatingLeaseCost
4068000
CY2022Q3 us-gaap Variable Lease Cost
VariableLeaseCost
2241000
us-gaap Variable Lease Cost
VariableLeaseCost
5100000
CY2021Q3 us-gaap Lease Cost
LeaseCost
2101000
us-gaap Lease Cost
LeaseCost
9258000
us-gaap Lease Cost
LeaseCost
6237000
CY2022Q3 us-gaap Marketing Expense
MarketingExpense
3877000
CY2021Q3 us-gaap Marketing Expense
MarketingExpense
3241000
us-gaap Marketing Expense
MarketingExpense
10564000
us-gaap Marketing Expense
MarketingExpense
5961000
CY2022Q3 us-gaap Royalty Expense
RoyaltyExpense
268000
CY2021Q3 us-gaap Royalty Expense
RoyaltyExpense
940000
us-gaap Royalty Expense
RoyaltyExpense
865000
us-gaap Royalty Expense
RoyaltyExpense
1507000
CY2022Q3 us-gaap Costs Of Franchised Outlets
CostsOfFranchisedOutlets
4145000
CY2021Q3 us-gaap Costs Of Franchised Outlets
CostsOfFranchisedOutlets
4181000
us-gaap Costs Of Franchised Outlets
CostsOfFranchisedOutlets
11429000
us-gaap Costs Of Franchised Outlets
CostsOfFranchisedOutlets
7468000

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