$SHO
Sunstone Hotel Investors, Inc.

2024 Q3 Form 10-Q Financial Statement

#000155837024011285 Filed on August 07, 2024

View on sec.gov

Income Statement

Concept 2024 Q3 2024 Q2
Revenue $226.4M $247.5M
YoY Change -8.6% -10.37%
Cost Of Revenue $89.55M $91.48M
YoY Change -5.63% -9.25%
Gross Profit $136.8M $156.0M
YoY Change -10.45% -11.02%
Gross Profit Margin 60.44% 63.04%
Selling, General & Admin $11.99M $12.66M
YoY Change 7.5% -86.6%
% of Gross Profit 8.76% 8.11%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $31.69M $31.11M
YoY Change -4.26% -3.91%
% of Gross Profit 23.16% 19.94%
Operating Expenses $210.0M $211.9M
YoY Change -4.93% 67.06%
Operating Profit -$73.16M -$55.93M
YoY Change 7.47% -215.44%
Interest Expense -$15.98M -$12.69M
YoY Change -234.37% 37.62%
% of Operating Profit
Other Income/Expense, Net $2.350M $3.503M
YoY Change 95.83% -24.49%
Pretax Income $2.766M $26.40M
YoY Change -82.88% -39.84%
Income Tax -$483.0K $255.0K
% Of Pretax Income -17.46% 0.97%
Net Earnings $3.249M $26.14M
YoY Change -79.12% -33.16%
Net Earnings / Revenue 1.44% 10.56%
Basic Earnings Per Share $0.00 $0.11
Diluted Earnings Per Share $0.00 $0.11
COMMON SHARES
Basic Shares Outstanding 203.3M 203.7M
Diluted Shares Outstanding 201.4M 203.5M

Balance Sheet

Concept 2024 Q3 2024 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $115.5M $159.2M
YoY Change 1.53% 47.57%
Cash & Equivalents $115.5M $159.2M
Short-Term Investments
Other Short-Term Assets $77.02M $74.85M
YoY Change -75.86% 5.52%
Inventory
Prepaid Expenses
Receivables $34.11M $37.79M
Other Receivables $0.00 $0.00
Total Short-Term Assets $226.7M $271.8M
YoY Change -50.87% 19.83%
LONG-TERM ASSETS
Property, Plant & Equipment $2.515M $2.726M
YoY Change -24.04% -99.9%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $28.15M $26.17M
YoY Change -5.53% 158.25%
Total Long-Term Assets $2.890B $2.878B
YoY Change 9.99% 0.65%
TOTAL ASSETS
Total Short-Term Assets $226.7M $271.8M
Total Long-Term Assets $2.890B $2.878B
Total Assets $3.117B $3.150B
YoY Change 0.9% 2.06%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $63.64M $57.10M
YoY Change 4.51% 41.95%
Accrued Expenses $2.984M $5.283M
YoY Change -28.95% -82.1%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $155.2M $148.1M
YoY Change -2.79% 0.8%
LONG-TERM LIABILITIES
Long-Term Debt $814.1M $814.3M
YoY Change -0.07% 0.18%
Other Long-Term Liabilities $22.39M $22.47M
YoY Change -16.15% -11.58%
Total Long-Term Liabilities $836.5M $836.7M
YoY Change -0.58% -0.17%
TOTAL LIABILITIES
Total Short-Term Liabilities $155.2M $148.1M
Total Long-Term Liabilities $836.5M $836.7M
Total Liabilities $991.7M $984.8M
YoY Change -0.94% -0.03%
SHAREHOLDERS EQUITY
Retained Earnings
YoY Change
Common Stock $2.009M $2.034M
YoY Change -2.29% -1.83%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $2.125B $2.165B
YoY Change
Total Liabilities & Shareholders Equity $3.117B $3.150B
YoY Change 0.9% 2.06%

Cashflow Statement

Concept 2024 Q3 2024 Q2
OPERATING ACTIVITIES
Net Income $3.249M $26.14M
YoY Change -79.12% -33.16%
Depreciation, Depletion And Amortization $31.69M $31.11M
YoY Change -4.26% -3.91%
Cash From Operating Activities $46.61M $54.79M
YoY Change -24.46% -8.28%
INVESTING ACTIVITIES
Capital Expenditures $0.00 $229.3M
YoY Change
Acquisitions
YoY Change
Other Investing Activities -$41.41M -$40.85M
YoY Change 276.45% 52.75%
Cash From Investing Activities -$41.41M -$270.2M
YoY Change 276.45% 910.22%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -46.64M -21.60M
YoY Change 59.73% 44.17%
NET CHANGE
Cash From Operating Activities 46.61M 54.79M
Cash From Investing Activities -41.41M -270.2M
Cash From Financing Activities -46.64M -21.60M
Net Change In Cash -41.44M -237.0M
YoY Change -292.76% -1415.67%
FREE CASH FLOW
Cash From Operating Activities $46.61M $54.79M
Capital Expenditures $0.00 $229.3M
Free Cash Flow $46.61M -$174.5M
YoY Change -24.46% -392.16%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
CY2024Q2 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
CY2023Q4 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
sho Term Of Unsecured Environmental Indemnities
TermOfUnsecuredEnvironmentalIndemnities
P0Y
sho Damage Limitation Of Unsecured Environmental Indemnities
DamageLimitationOfUnsecuredEnvironmentalIndemnities
0
dei Entity Central Index Key
EntityCentralIndexKey
0001295810
dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2024
dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q2
dei Amendment Flag
AmendmentFlag
false
CY2024Q2 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
203390392
CY2023Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
203479585
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P3Y
us-gaap Share Based Payment Arrangement Valuation Technique Extensible Enumeration
ShareBasedPaymentArrangementValuationTechniqueExtensibleEnumeration
http://fasb.org/us-gaap/2024#MonteCarloModelMember
dei Document Type
DocumentType
10-Q
dei Document Quarterly Report
DocumentQuarterlyReport
true
dei Document Period End Date
DocumentPeriodEndDate
2024-06-30
dei Document Transition Report
DocumentTransitionReport
false
dei Entity File Number
EntityFileNumber
001-32319
dei Entity Registrant Name
EntityRegistrantName
Sunstone Hotel Investors, Inc.
dei Entity Incorporation State Country Code
EntityIncorporationStateCountryCode
MD
dei Entity Tax Identification Number
EntityTaxIdentificationNumber
20-1296886
dei Entity Address Address Line1
EntityAddressAddressLine1
15 Enterprise, Suite 200
dei Entity Address City Or Town
EntityAddressCityOrTown
Aliso Viejo
dei Entity Address State Or Province
EntityAddressStateOrProvince
CA
dei Entity Address Postal Zip Code
EntityAddressPostalZipCode
92656
dei City Area Code
CityAreaCode
949
dei Local Phone Number
LocalPhoneNumber
330-4000
dei Entity Current Reporting Status
EntityCurrentReportingStatus
Yes
dei Entity Interactive Data Current
EntityInteractiveDataCurrent
Yes
dei Entity Filer Category
EntityFilerCategory
Large Accelerated Filer
dei Entity Small Business
EntitySmallBusiness
false
dei Entity Emerging Growth Company
EntityEmergingGrowthCompany
false
dei Entity Shell Company
EntityShellCompany
false
CY2024Q3 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
203343454
CY2024Q2 us-gaap Real Estate Investment Property Net
RealEstateInvestmentPropertyNet
2838560000
CY2023Q4 us-gaap Real Estate Investment Property Net
RealEstateInvestmentPropertyNet
2585279000
CY2024Q2 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
10483000
CY2023Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
12755000
CY2024Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
159151000
CY2023Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
426403000
CY2024Q2 us-gaap Restricted Cash
RestrictedCash
74853000
CY2023Q4 us-gaap Restricted Cash
RestrictedCash
67295000
CY2024Q2 us-gaap Accounts Receivable Net
AccountsReceivableNet
37793000
CY2023Q4 us-gaap Accounts Receivable Net
AccountsReceivableNet
31206000
CY2024Q2 us-gaap Prepaid Expense And Other Assets
PrepaidExpenseAndOtherAssets
28897000
CY2023Q4 us-gaap Prepaid Expense And Other Assets
PrepaidExpenseAndOtherAssets
26383000
CY2024Q2 us-gaap Assets
Assets
3149737000
CY2023Q4 us-gaap Assets
Assets
3149321000
CY2024Q2 us-gaap Long Term Debt
LongTermDebt
814263000
CY2023Q4 us-gaap Long Term Debt
LongTermDebt
814559000
CY2024Q2 us-gaap Operating Lease Liability
OperatingLeaseLiability
14345000
CY2023Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
16735000
CY2024Q2 us-gaap Accounts Payable And Other Accrued Liabilities
AccountsPayableAndOtherAccruedLiabilities
57103000
CY2023Q4 us-gaap Accounts Payable And Other Accrued Liabilities
AccountsPayableAndOtherAccruedLiabilities
48410000
CY2024Q2 us-gaap Dividends Payable Current And Noncurrent
DividendsPayableCurrentAndNoncurrent
22987000
CY2023Q4 us-gaap Dividends Payable Current And Noncurrent
DividendsPayableCurrentAndNoncurrent
29965000
CY2024Q2 us-gaap Other Liabilities
OtherLiabilities
76112000
CY2023Q4 us-gaap Other Liabilities
OtherLiabilities
73014000
CY2024Q2 us-gaap Liabilities
Liabilities
984810000
CY2023Q4 us-gaap Liabilities
Liabilities
982683000
CY2023Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.01
CY2024Q2 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.01
CY2023Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
100000000
CY2024Q2 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
100000000
CY2023Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.01
CY2024Q2 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.01
CY2023Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
500000000
CY2024Q2 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
500000000
CY2024Q2 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
203390392
CY2023Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
203479585
CY2024Q2 us-gaap Common Stock Value
CommonStockValue
2034000
CY2023Q4 us-gaap Common Stock Value
CommonStockValue
2035000
CY2024Q2 us-gaap Additional Paid In Capital
AdditionalPaidInCapital
2415764000
CY2023Q4 us-gaap Additional Paid In Capital
AdditionalPaidInCapital
2416417000
CY2024Q2 us-gaap Accumulated Distributions In Excess Of Net Income
AccumulatedDistributionsInExcessOfNetIncome
534121000
CY2023Q4 us-gaap Accumulated Distributions In Excess Of Net Income
AccumulatedDistributionsInExcessOfNetIncome
533064000
CY2024Q2 us-gaap Stockholders Equity
StockholdersEquity
2164927000
CY2023Q4 us-gaap Stockholders Equity
StockholdersEquity
2166638000
CY2024Q2 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
3149737000
CY2023Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
3149321000
CY2024Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
247481000
CY2023Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
276112000
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
464647000
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
519555000
CY2024Q2 us-gaap Advertising Expense
AdvertisingExpense
12974000
CY2023Q2 us-gaap Advertising Expense
AdvertisingExpense
13897000
us-gaap Advertising Expense
AdvertisingExpense
25106000
us-gaap Advertising Expense
AdvertisingExpense
26919000
CY2024Q2 sho Repairs And Maintenance
RepairsAndMaintenance
8979000
CY2023Q2 sho Repairs And Maintenance
RepairsAndMaintenance
9606000
sho Repairs And Maintenance
RepairsAndMaintenance
17689000
sho Repairs And Maintenance
RepairsAndMaintenance
19052000
CY2024Q2 sho Utilities Expense
UtilitiesExpense
6295000
CY2023Q2 sho Utilities Expense
UtilitiesExpense
6768000
sho Utilities Expense
UtilitiesExpense
12239000
sho Utilities Expense
UtilitiesExpense
13860000
CY2024Q2 us-gaap Costs Of Franchised Outlets
CostsOfFranchisedOutlets
4819000
CY2023Q2 us-gaap Costs Of Franchised Outlets
CostsOfFranchisedOutlets
4560000
us-gaap Costs Of Franchised Outlets
CostsOfFranchisedOutlets
9024000
us-gaap Costs Of Franchised Outlets
CostsOfFranchisedOutlets
8478000
CY2024Q2 us-gaap Occupancy Net
OccupancyNet
19984000
CY2023Q2 us-gaap Occupancy Net
OccupancyNet
19378000
us-gaap Occupancy Net
OccupancyNet
38909000
us-gaap Occupancy Net
OccupancyNet
38611000
CY2024Q2 us-gaap Other Cost And Expense Operating
OtherCostAndExpenseOperating
28120000
CY2023Q2 us-gaap Other Cost And Expense Operating
OtherCostAndExpenseOperating
31857000
us-gaap Other Cost And Expense Operating
OtherCostAndExpenseOperating
55743000
us-gaap Other Cost And Expense Operating
OtherCostAndExpenseOperating
63634000
CY2024Q2 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
8168000
CY2023Q2 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
8396000
us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
15686000
us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
16864000
CY2024Q2 us-gaap Depreciation And Amortization
DepreciationAndAmortization
31112000
CY2023Q2 us-gaap Depreciation And Amortization
DepreciationAndAmortization
32397000
us-gaap Depreciation And Amortization
DepreciationAndAmortization
60152000
us-gaap Depreciation And Amortization
DepreciationAndAmortization
64739000
CY2024Q2 us-gaap Operating Expenses
OperatingExpenses
211932000
CY2023Q2 us-gaap Operating Expenses
OperatingExpenses
227659000
us-gaap Operating Expenses
OperatingExpenses
411839000
us-gaap Operating Expenses
OperatingExpenses
446313000
CY2024Q2 us-gaap Other Nonoperating Income
OtherNonoperatingIncome
3503000
CY2023Q2 us-gaap Other Nonoperating Income
OtherNonoperatingIncome
4639000
us-gaap Other Nonoperating Income
OtherNonoperatingIncome
8956000
us-gaap Other Nonoperating Income
OtherNonoperatingIncome
5180000
CY2024Q2 us-gaap Interest Expense Nonoperating
InterestExpenseNonoperating
12693000
CY2023Q2 us-gaap Interest Expense Nonoperating
InterestExpenseNonoperating
9223000
us-gaap Interest Expense Nonoperating
InterestExpenseNonoperating
23703000
us-gaap Interest Expense Nonoperating
InterestExpenseNonoperating
23017000
us-gaap Disposal Group Not Discontinued Operation Gain Loss On Disposal
DisposalGroupNotDiscontinuedOperationGainLossOnDisposal
457000
CY2024Q2 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
38000
CY2023Q2 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
12000
us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
59000
us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
9921000
CY2024Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
26397000
CY2023Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
43881000
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
38577000
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
65326000
CY2024Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
255000
CY2023Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
803000
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-600000
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
1161000
CY2024Q2 us-gaap Profit Loss
ProfitLoss
26142000
CY2023Q2 us-gaap Profit Loss
ProfitLoss
43078000
us-gaap Profit Loss
ProfitLoss
39177000
us-gaap Profit Loss
ProfitLoss
64165000
CY2024Q2 us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
3683000
CY2023Q2 us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
3768000
us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
7366000
us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
7536000
CY2024Q2 sho Earnings Loss Before Distributed And Undistributed Earnings Loss Allocated To Participating Securities Basic
EarningsLossBeforeDistributedAndUndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
22459000
CY2023Q2 sho Earnings Loss Before Distributed And Undistributed Earnings Loss Allocated To Participating Securities Basic
EarningsLossBeforeDistributedAndUndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
39310000
sho Earnings Loss Before Distributed And Undistributed Earnings Loss Allocated To Participating Securities Basic
EarningsLossBeforeDistributedAndUndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
31811000
sho Earnings Loss Before Distributed And Undistributed Earnings Loss Allocated To Participating Securities Basic
EarningsLossBeforeDistributedAndUndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
56629000
CY2024Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.11
CY2023Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.19
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.16
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.27
CY2024Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.11
CY2023Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.19
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.16
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.27
CY2024Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
202758000
CY2023Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
206181000
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
202695000
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
206606000
CY2024Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
203455000
CY2023Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
206828000
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
203227000
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
207095000
CY2023Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
2166638000
CY2024Q1 us-gaap Adjustments To Additional Paid In Capital Share Based Compensation Restricted Stock Units Requisite Service Period Recognition
AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationRestrictedStockUnitsRequisiteServicePeriodRecognition
2887000
CY2024Q1 us-gaap Restricted Stock Value Shares Issued Net Of Tax Withholdings
RestrictedStockValueSharesIssuedNetOfTaxWithholdings
-3217000
CY2024Q1 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.07
CY2024Q1 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
14364000
CY2024Q1 us-gaap Profit Loss
ProfitLoss
13035000
CY2024Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
2161296000
CY2024Q2 us-gaap Adjustments To Additional Paid In Capital Share Based Compensation Restricted Stock Units Requisite Service Period Recognition
AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationRestrictedStockUnitsRequisiteServicePeriodRecognition
3298000
CY2024Q2 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.09
CY2024Q2 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
18504000
CY2024Q2 us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
3622000
CY2024Q2 us-gaap Profit Loss
ProfitLoss
26142000
CY2024Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
2164927000
CY2022Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
2084961000
CY2023Q1 us-gaap Adjustments To Additional Paid In Capital Share Based Compensation Restricted Stock Units Requisite Service Period Recognition
AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationRestrictedStockUnitsRequisiteServicePeriodRecognition
2545000
CY2023Q1 us-gaap Restricted Stock Value Shares Issued Net Of Tax Withholdings
RestrictedStockValueSharesIssuedNetOfTaxWithholdings
-3348000
CY2023Q1 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.05
CY2023Q1 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
10449000
CY2023Q1 us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
18626000
CY2023Q1 us-gaap Profit Loss
ProfitLoss
21087000
CY2023Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
2072402000
CY2023Q2 us-gaap Adjustments To Additional Paid In Capital Share Based Compensation Restricted Stock Units Requisite Service Period Recognition
AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationRestrictedStockUnitsRequisiteServicePeriodRecognition
3442000
CY2023Q2 us-gaap Restricted Stock Value Shares Issued Net Of Tax Withholdings
RestrictedStockValueSharesIssuedNetOfTaxWithholdings
-428000
CY2023Q2 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.05
CY2023Q2 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
10448000
CY2023Q2 us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
2855000
CY2023Q2 sho Acquisition Of Noncontrolling Interest
AcquisitionOfNoncontrollingInterest
299000
CY2023Q2 us-gaap Profit Loss
ProfitLoss
43078000
CY2023Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
2101124000
us-gaap Profit Loss
ProfitLoss
39177000
us-gaap Profit Loss
ProfitLoss
64165000
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
164000
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
71000
us-gaap Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
457000
us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
59000
us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
9921000
us-gaap Increase Decrease In Derivative Assets And Liabilities
IncreaseDecreaseInDerivativeAssetsAndLiabilities
2231000
us-gaap Increase Decrease In Derivative Assets And Liabilities
IncreaseDecreaseInDerivativeAssetsAndLiabilities
1879000
us-gaap Depreciation
Depreciation
59554000
us-gaap Depreciation
Depreciation
64480000
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
598000
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
223000
us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
1478000
us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
1220000
us-gaap Share Based Compensation
ShareBasedCompensation
5951000
us-gaap Share Based Compensation
ShareBasedCompensation
5752000
us-gaap Insured Event Gain Loss
InsuredEventGainLoss
314000
us-gaap Insured Event Gain Loss
InsuredEventGainLoss
3722000
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
3399000
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
2205000
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
1034000
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
243000
us-gaap Increase Decrease In Accounts Payable And Other Operating Liabilities
IncreaseDecreaseInAccountsPayableAndOtherOperatingLiabilities
-6033000
us-gaap Increase Decrease In Accounts Payable And Other Operating Liabilities
IncreaseDecreaseInAccountsPayableAndOtherOperatingLiabilities
-10884000
sho Increase Decrease In Operating Lease Right Of Use Assets And Liabilities Net
IncreaseDecreaseInOperatingLeaseRightOfUseAssetsAndLiabilitiesNet
-118000
sho Increase Decrease In Operating Lease Right Of Use Assets And Liabilities Net
IncreaseDecreaseInOperatingLeaseRightOfUseAssetsAndLiabilitiesNet
-69000
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
93277000
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
106988000
us-gaap Payments To Acquire Commercial Real Estate
PaymentsToAcquireCommercialRealEstate
229330000
us-gaap Proceeds From Insurance Settlement Investing Activities
ProceedsFromInsuranceSettlementInvestingActivities
168000
us-gaap Payments For Capital Improvements
PaymentsForCapitalImprovements
68686000
us-gaap Payments For Capital Improvements
PaymentsForCapitalImprovements
49219000
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-297848000
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-49219000
sho Payment For Acquisition Of Noncontrolling Interest
PaymentForAcquisitionOfNoncontrollingInterest
299000
us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
428000
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
3622000
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
21481000
us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
3217000
us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
3348000
us-gaap Proceeds From Issuance Of Debt
ProceedsFromIssuanceOfDebt
225000000
us-gaap Repayments Of Debt
RepaymentsOfDebt
1072000
us-gaap Repayments Of Debt
RepaymentsOfDebt
221036000
us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
2332000
us-gaap Payments Of Dividends
PaymentsOfDividends
47212000
us-gaap Payments Of Dividends
PaymentsOfDividends
27537000
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-55123000
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-51461000
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-259694000
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
6308000
CY2023Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
493698000
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
157206000
CY2024Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
234004000
CY2023Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
163514000
CY2024Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
159151000
CY2023Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
107846000
CY2024Q2 us-gaap Restricted Cash And Cash Equivalents At Carrying Value
RestrictedCashAndCashEquivalentsAtCarryingValue
74853000
CY2023Q2 us-gaap Restricted Cash And Cash Equivalents At Carrying Value
RestrictedCashAndCashEquivalentsAtCarryingValue
55668000
CY2024Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
234004000
CY2023Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
163514000
us-gaap Interest Paid Net
InterestPaidNet
25517000
us-gaap Interest Paid Net
InterestPaidNet
24330000
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
3391000
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
1128000
us-gaap Operating Lease Payments
OperatingLeasePayments
2802000
us-gaap Operating Lease Payments
OperatingLeasePayments
2782000
sho Increase Decrease In In Operating Lease Right Of Use Assets Net
IncreaseDecreaseInInOperatingLeaseRightOfUseAssetsNet
-2272000
sho Increase Decrease In In Operating Lease Right Of Use Assets Net
IncreaseDecreaseInInOperatingLeaseRightOfUseAssetsNet
-2189000
sho Increase Decrease In Operating Lease Liabilities Net
IncreaseDecreaseInOperatingLeaseLiabilitiesNet
-2390000
sho Increase Decrease In Operating Lease Liabilities Net
IncreaseDecreaseInOperatingLeaseLiabilitiesNet
-2258000
sho Increase Decrease In Operating Lease Right Of Use Assets And Liabilities Net
IncreaseDecreaseInOperatingLeaseRightOfUseAssetsAndLiabilitiesNet
-118000
sho Increase Decrease In Operating Lease Right Of Use Assets And Liabilities Net
IncreaseDecreaseInOperatingLeaseRightOfUseAssetsAndLiabilitiesNet
-69000
us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
23876000
us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
14593000
us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
2163000
us-gaap Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount
234000
us-gaap Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount
235000
CY2024Q2 us-gaap Dividends Payable Current And Noncurrent
DividendsPayableCurrentAndNoncurrent
22987000
CY2023Q2 us-gaap Dividends Payable Current And Noncurrent
DividendsPayableCurrentAndNoncurrent
14891000
CY2023Q2 us-gaap Number Of Real Estate Properties
NumberOfRealEstateProperties
15
CY2024Q2 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>
CY2024Q2 us-gaap Profit Loss
ProfitLoss
26142000
CY2023Q2 us-gaap Profit Loss
ProfitLoss
43078000
us-gaap Profit Loss
ProfitLoss
39177000
us-gaap Profit Loss
ProfitLoss
64165000
CY2024Q2 us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
3683000
CY2023Q2 us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
3768000
us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
7366000
us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
7536000
CY2024Q2 us-gaap Dividends Share Based Compensation Cash
DividendsShareBasedCompensationCash
84000
CY2023Q2 us-gaap Dividends Share Based Compensation Cash
DividendsShareBasedCompensationCash
52000
us-gaap Dividends Share Based Compensation Cash
DividendsShareBasedCompensationCash
149000
us-gaap Dividends Share Based Compensation Cash
DividendsShareBasedCompensationCash
104000
CY2024Q2 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
19000
CY2023Q2 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
144000
us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
194000
CY2024Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
22356000
CY2023Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
39114000
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
31662000
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
56331000
CY2024Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
202758000
CY2023Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
206181000
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
202695000
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
206606000
CY2024Q2 us-gaap Incremental Common Shares Attributable To Nonvested Shares With Forfeitable Dividends
IncrementalCommonSharesAttributableToNonvestedSharesWithForfeitableDividends
697000
CY2023Q2 us-gaap Incremental Common Shares Attributable To Nonvested Shares With Forfeitable Dividends
IncrementalCommonSharesAttributableToNonvestedSharesWithForfeitableDividends
647000
us-gaap Incremental Common Shares Attributable To Nonvested Shares With Forfeitable Dividends
IncrementalCommonSharesAttributableToNonvestedSharesWithForfeitableDividends
532000
us-gaap Incremental Common Shares Attributable To Nonvested Shares With Forfeitable Dividends
IncrementalCommonSharesAttributableToNonvestedSharesWithForfeitableDividends
489000
CY2024Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
203455000
CY2023Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
206828000
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
203227000
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
207095000
CY2024Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.11
CY2023Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.19
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.16
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.27
CY2024Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.11
CY2023Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.19
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.16
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.27
sho Number Of Hotels Impaired
NumberOfHotelsImpaired
0
CY2023Q2 sho Number Of Hotels Impaired
NumberOfHotelsImpaired
0
sho Number Of Hotels Impaired
NumberOfHotelsImpaired
0
CY2024Q2 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
CY2023Q2 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
CY2024Q2 sho Number Of Hotels With Operating Lease Right Of Use Asset Impairment
NumberOfHotelsWithOperatingLeaseRightOfUseAssetImpairment
0
CY2024Q2 us-gaap Contract With Customer Asset Net
ContractWithCustomerAssetNet
16116000
CY2023Q4 us-gaap Contract With Customer Asset Net
ContractWithCustomerAssetNet
14431000
CY2024Q2 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
50227000
CY2023Q4 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
45432000
CY2024Q2 us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
13500000
CY2023Q2 us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
11400000
us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
33700000
us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
38900000
us-gaap Number Of Operating Segments
NumberOfOperatingSegments
1
CY2023Q2 us-gaap Number Of Operating Segments
NumberOfOperatingSegments
1
us-gaap Number Of Operating Segments
NumberOfOperatingSegments
1
CY2024Q2 us-gaap Number Of Operating Segments
NumberOfOperatingSegments
1
CY2024Q2 us-gaap Land
Land
645884000
CY2023Q4 us-gaap Land
Land
614112000
CY2024Q2 us-gaap Buildings And Improvements Gross
BuildingsAndImprovementsGross
2784889000
CY2023Q4 us-gaap Buildings And Improvements Gross
BuildingsAndImprovementsGross
2587278000
CY2024Q2 us-gaap Fixtures And Equipment Gross
FixturesAndEquipmentGross
432543000
CY2023Q4 us-gaap Fixtures And Equipment Gross
FixturesAndEquipmentGross
407861000
CY2024Q2 sho Finite Lived And Indefinite Lived Intangible Assets Gross
FiniteLivedAndIndefiniteLivedIntangibleAssetsGross
44063000
CY2023Q4 sho Finite Lived And Indefinite Lived Intangible Assets Gross
FiniteLivedAndIndefiniteLivedIntangibleAssetsGross
42187000
CY2024Q2 us-gaap Construction In Progress Gross
ConstructionInProgressGross
118417000
CY2023Q4 us-gaap Construction In Progress Gross
ConstructionInProgressGross
61247000
CY2024Q2 us-gaap Real Estate Investment Property At Cost
RealEstateInvestmentPropertyAtCost
4025796000
CY2023Q4 us-gaap Real Estate Investment Property At Cost
RealEstateInvestmentPropertyAtCost
3712685000
CY2024Q2 us-gaap Real Estate Investment Property Accumulated Depreciation
RealEstateInvestmentPropertyAccumulatedDepreciation
1187236000
CY2023Q4 us-gaap Real Estate Investment Property Accumulated Depreciation
RealEstateInvestmentPropertyAccumulatedDepreciation
1127406000
CY2024Q2 us-gaap Real Estate Investment Property Net
RealEstateInvestmentPropertyNet
2838560000
CY2023Q4 us-gaap Real Estate Investment Property Net
RealEstateInvestmentPropertyNet
2585279000
CY2024Q2 sho Percentage Of Debt Bearing Fixed Interest Rates
PercentageOfDebtBearingFixedInterestRates
0.511
CY2023Q4 sho Percentage Of Debt Bearing Fixed Interest Rates
PercentageOfDebtBearingFixedInterestRates
0.512
CY2024Q2 us-gaap Debt Longterm And Shortterm Combined Amount
DebtLongtermAndShorttermCombinedAmount
817978000
CY2023Q4 us-gaap Debt Longterm And Shortterm Combined Amount
DebtLongtermAndShorttermCombinedAmount
819050000
CY2024Q2 us-gaap Interest Rate Derivatives At Fair Value Net
InterestRateDerivativesAtFairValueNet
2247000
CY2023Q4 us-gaap Interest Rate Derivatives At Fair Value Net
InterestRateDerivativesAtFairValueNet
16000
CY2024Q2 us-gaap Derivative Instruments Not Designated As Hedging Instruments Gain Loss Net
DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet
189000
CY2023Q2 us-gaap Derivative Instruments Not Designated As Hedging Instruments Gain Loss Net
DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet
3711000
us-gaap Derivative Instruments Not Designated As Hedging Instruments Gain Loss Net
DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet
2231000
us-gaap Derivative Instruments Not Designated As Hedging Instruments Gain Loss Net
DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet
1879000
CY2024Q2 us-gaap Prepaid Expense Current And Noncurrent
PrepaidExpenseCurrentAndNoncurrent
9200000
CY2023Q4 us-gaap Prepaid Expense Current And Noncurrent
PrepaidExpenseCurrentAndNoncurrent
8123000
CY2024Q2 us-gaap Inventory Gross
InventoryGross
9902000
CY2023Q4 us-gaap Inventory Gross
InventoryGross
9185000
CY2024Q2 us-gaap Debt Issuance Costs Line Of Credit Arrangements Net
DebtIssuanceCostsLineOfCreditArrangementsNet
2925000
CY2023Q4 us-gaap Debt Issuance Costs Line Of Credit Arrangements Net
DebtIssuanceCostsLineOfCreditArrangementsNet
3627000
CY2024Q2 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
2726000
CY2023Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
3120000
CY2024Q2 us-gaap Interest Rate Derivative Assets At Fair Value
InterestRateDerivativeAssetsAtFairValue
2247000
CY2023Q4 us-gaap Interest Rate Derivative Assets At Fair Value
InterestRateDerivativeAssetsAtFairValue
417000
CY2024Q2 us-gaap Deferred Rent Receivables Net
DeferredRentReceivablesNet
538000
CY2023Q4 us-gaap Deferred Rent Receivables Net
DeferredRentReceivablesNet
552000
CY2024Q2 us-gaap Indefinite Lived License Agreements
IndefiniteLivedLicenseAgreements
930000
CY2023Q4 us-gaap Indefinite Lived License Agreements
IndefiniteLivedLicenseAgreements
930000
CY2024Q2 us-gaap Other Assets Miscellaneous
OtherAssetsMiscellaneous
429000
CY2023Q4 us-gaap Other Assets Miscellaneous
OtherAssetsMiscellaneous
429000
CY2024Q2 us-gaap Prepaid Expense And Other Assets
PrepaidExpenseAndOtherAssets
28897000
CY2023Q4 us-gaap Prepaid Expense And Other Assets
PrepaidExpenseAndOtherAssets
26383000
CY2024Q2 us-gaap Debt Longterm And Shortterm Combined Amount
DebtLongtermAndShorttermCombinedAmount
817978000
CY2023Q4 us-gaap Debt Longterm And Shortterm Combined Amount
DebtLongtermAndShorttermCombinedAmount
819050000
CY2024Q2 us-gaap Debt Instrument Unamortized Discount Premium And Debt Issuance Costs Net
DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet
-3715000
CY2023Q4 us-gaap Debt Instrument Unamortized Discount Premium And Debt Issuance Costs Net
DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet
-4491000
CY2024Q2 us-gaap Long Term Debt
LongTermDebt
814263000
CY2023Q4 us-gaap Long Term Debt
LongTermDebt
814559000
CY2024Q2 us-gaap Interest Expense Debt Excluding Amortization
InterestExpenseDebtExcludingAmortization
12304000
CY2023Q2 us-gaap Interest Expense Debt Excluding Amortization
InterestExpenseDebtExcludingAmortization
12259000
us-gaap Interest Expense Debt Excluding Amortization
InterestExpenseDebtExcludingAmortization
24617000
us-gaap Interest Expense Debt Excluding Amortization
InterestExpenseDebtExcludingAmortization
23676000
CY2024Q2 us-gaap Derivative Instruments Not Designated As Hedging Instruments Gain Loss Net
DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet
189000
CY2023Q2 us-gaap Derivative Instruments Not Designated As Hedging Instruments Gain Loss Net
DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet
3711000
us-gaap Derivative Instruments Not Designated As Hedging Instruments Gain Loss Net
DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet
2231000
us-gaap Derivative Instruments Not Designated As Hedging Instruments Gain Loss Net
DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet
1879000
CY2024Q2 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
739000
CY2023Q2 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
675000
us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
1478000
us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
1220000
CY2024Q2 us-gaap Interest Costs Capitalized Adjustment
InterestCostsCapitalizedAdjustment
161000
us-gaap Interest Costs Capitalized Adjustment
InterestCostsCapitalizedAdjustment
161000
CY2024Q2 us-gaap Interest Expense Nonoperating
InterestExpenseNonoperating
12693000
CY2023Q2 us-gaap Interest Expense Nonoperating
InterestExpenseNonoperating
9223000
us-gaap Interest Expense Nonoperating
InterestExpenseNonoperating
23703000
us-gaap Interest Expense Nonoperating
InterestExpenseNonoperating
23017000
CY2024Q2 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
50227000
CY2023Q4 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
45432000
CY2024Q2 us-gaap Accrual For Taxes Other Than Income Taxes Current And Noncurrent
AccrualForTaxesOtherThanIncomeTaxesCurrentAndNoncurrent
11758000
CY2023Q4 us-gaap Accrual For Taxes Other Than Income Taxes Current And Noncurrent
AccrualForTaxesOtherThanIncomeTaxesCurrentAndNoncurrent
6903000
CY2024Q2 us-gaap Interest Payable Current And Noncurrent
InterestPayableCurrentAndNoncurrent
5283000
CY2023Q4 us-gaap Interest Payable Current And Noncurrent
InterestPayableCurrentAndNoncurrent
6346000
CY2024Q2 us-gaap Deferred Rent Credit
DeferredRentCredit
2072000
CY2023Q4 us-gaap Deferred Rent Credit
DeferredRentCredit
2711000
CY2024Q2 us-gaap Accrued Income Taxes
AccruedIncomeTaxes
58000
CY2023Q4 us-gaap Accrued Income Taxes
AccruedIncomeTaxes
2860000
CY2023Q4 us-gaap Derivative Liabilities
DerivativeLiabilities
401000
CY2024Q2 sho Management Fees Payable
ManagementFeesPayable
721000
CY2023Q4 sho Management Fees Payable
ManagementFeesPayable
1321000
CY2024Q2 us-gaap Other Accrued Liabilities Current And Noncurrent
OtherAccruedLiabilitiesCurrentAndNoncurrent
5993000
CY2023Q4 us-gaap Other Accrued Liabilities Current And Noncurrent
OtherAccruedLiabilitiesCurrentAndNoncurrent
7040000
CY2024Q2 us-gaap Other Liabilities
OtherLiabilities
76112000
CY2023Q4 us-gaap Other Liabilities
OtherLiabilities
73014000
CY2024Q2 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
10483000
CY2023Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
12755000
CY2024Q2 us-gaap Operating Lease Liability
OperatingLeaseLiability
14345000
CY2023Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
16735000
CY2024Q2 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P27Y
CY2024Q2 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.054
CY2024Q2 us-gaap Operating Lease Cost
OperatingLeaseCost
1338000
CY2023Q2 us-gaap Operating Lease Cost
OperatingLeaseCost
1349000
us-gaap Operating Lease Cost
OperatingLeaseCost
2690000
us-gaap Operating Lease Cost
OperatingLeaseCost
2708000
CY2024Q2 us-gaap Variable Lease Cost
VariableLeaseCost
2371000
CY2023Q2 us-gaap Variable Lease Cost
VariableLeaseCost
2197000
us-gaap Variable Lease Cost
VariableLeaseCost
4506000
us-gaap Variable Lease Cost
VariableLeaseCost
4283000
CY2024Q2 sho Operating Leases Income Statement Sublease Revenues
OperatingLeasesIncomeStatementSubleaseRevenues
297000
CY2023Q2 sho Operating Leases Income Statement Sublease Revenues
OperatingLeasesIncomeStatementSubleaseRevenues
297000
sho Operating Leases Income Statement Sublease Revenues
OperatingLeasesIncomeStatementSubleaseRevenues
594000
sho Operating Leases Income Statement Sublease Revenues
OperatingLeasesIncomeStatementSubleaseRevenues
594000
CY2024Q2 us-gaap Lease Cost
LeaseCost
3412000
CY2023Q2 us-gaap Lease Cost
LeaseCost
3249000
us-gaap Lease Cost
LeaseCost
6602000
us-gaap Lease Cost
LeaseCost
6397000
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
0.310
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.0434
CY2024Q2 us-gaap Marketing Expense
MarketingExpense
4488000
CY2023Q2 us-gaap Marketing Expense
MarketingExpense
4206000
us-gaap Marketing Expense
MarketingExpense
8370000
us-gaap Marketing Expense
MarketingExpense
7817000
CY2024Q2 us-gaap Royalty Expense
RoyaltyExpense
331000
CY2023Q2 us-gaap Royalty Expense
RoyaltyExpense
354000
us-gaap Royalty Expense
RoyaltyExpense
654000
us-gaap Royalty Expense
RoyaltyExpense
661000
CY2024Q2 us-gaap Costs Of Franchised Outlets
CostsOfFranchisedOutlets
4819000
CY2023Q2 us-gaap Costs Of Franchised Outlets
CostsOfFranchisedOutlets
4560000
us-gaap Costs Of Franchised Outlets
CostsOfFranchisedOutlets
9024000
us-gaap Costs Of Franchised Outlets
CostsOfFranchisedOutlets
8478000
ecd Rule10b51 Arr Adopted Flag
Rule10b51ArrAdoptedFlag
false
ecd Non Rule10b51 Arr Adopted Flag
NonRule10b51ArrAdoptedFlag
false
ecd Rule10b51 Arr Trmntd Flag
Rule10b51ArrTrmntdFlag
false
ecd Non Rule10b51 Arr Trmntd Flag
NonRule10b51ArrTrmntdFlag
false

Files In Submission

Name View Source Status
FilingSummary.xml Edgar Link unprocessable
0001558370-24-011285-index-headers.html Edgar Link pending
0001558370-24-011285-index.html Edgar Link pending
0001558370-24-011285.txt Edgar Link pending
0001558370-24-011285-xbrl.zip Edgar Link pending
Financial_Report.xlsx Edgar Link pending
MetaLinks.json Edgar Link pending
R1.htm Edgar Link pending
R10.htm Edgar Link pending
R11.htm Edgar Link pending
R12.htm Edgar Link pending
R13.htm Edgar Link pending
R14.htm Edgar Link pending
R15.htm Edgar Link pending
R16.htm Edgar Link pending
R17.htm Edgar Link pending
R18.htm Edgar Link pending
R19.htm Edgar Link pending
R2.htm Edgar Link pending
R20.htm Edgar Link pending
R21.htm Edgar Link pending
R22.htm Edgar Link pending
R23.htm Edgar Link pending
R24.htm Edgar Link pending
R25.htm Edgar Link pending
R26.htm Edgar Link pending
R27.htm Edgar Link pending
R28.htm Edgar Link pending
R29.htm Edgar Link pending
R3.htm Edgar Link pending
R30.htm Edgar Link pending
R31.htm Edgar Link pending
R32.htm Edgar Link pending
R33.htm Edgar Link pending
R34.htm Edgar Link pending
R35.htm Edgar Link pending
R36.htm Edgar Link pending
R37.htm Edgar Link pending
R38.htm Edgar Link pending
R39.htm Edgar Link pending
R4.htm Edgar Link pending
R40.htm Edgar Link pending
R41.htm Edgar Link pending
R42.htm Edgar Link pending
R43.htm Edgar Link pending
R44.htm Edgar Link pending
R45.htm Edgar Link pending
R46.htm Edgar Link pending
R47.htm Edgar Link pending
R48.htm Edgar Link pending
R49.htm Edgar Link pending
R5.htm Edgar Link pending
R50.htm Edgar Link pending
R51.htm Edgar Link pending
R6.htm Edgar Link pending
R7.htm Edgar Link pending
R8.htm Edgar Link pending
R9.htm Edgar Link pending
report.css Edgar Link pending
sho-20240630.xsd Edgar Link pending
sho-20240630x10q.htm Edgar Link pending
sho-20240630xex31d1.htm Edgar Link pending
sho-20240630xex31d2.htm Edgar Link pending
sho-20240630xex32d1.htm Edgar Link pending
Show.js Edgar Link pending
sho-20240630_cal.xml Edgar Link unprocessable
sho-20240630_def.xml Edgar Link unprocessable
sho-20240630_lab.xml Edgar Link unprocessable
sho-20240630_pre.xml Edgar Link unprocessable
sho-20240630x10q_htm.xml Edgar Link completed