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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2023
Dec. 31, 2022
ASSETS:    
Property and equipment, net $ 3,955,586 $ 3,171,708
Cash and cash equivalents - unrestricted 591,833 334,194
Cash and cash equivalents - restricted 108,608 110,136
Notes receivable, net 61,760 67,628
Trade receivables 110,029 116,836
Deferred income tax assets, net 81,624  
Prepaid expenses and other assets 154,810 134,170
Intangible assets, net 124,287 105,951
Total assets 5,188,537 4,040,623
LIABILITIES AND EQUITY:    
Debt and finance lease obligations 3,377,028 2,862,592
Accounts payable and accrued liabilities 464,720 385,159
Distributions payable 67,932 14,121
Deferred management rights proceeds 165,174 167,495
Operating lease liabilities 129,122 125,759
Deferred income tax liabilities, net   12,915
Other liabilities 66,658 64,824
Total liabilities 4,270,634 3,632,865
Commitments and contingencies
Noncontrolling interest in consolidated joint venture 345,126 311,857
Equity:    
Preferred stock, $.01 par value, 100,000 shares authorized, no shares issued or outstanding
Common stock, $.01 par value, 400,000 shares authorized, 59,712 and 55,167 shares issued and outstanding, respectively 597 552
Additional paid-in capital 1,502,710 1,102,733
Treasury stock of 668 and 648 shares, at cost (20,508) (18,467)
Distributions in excess of retained earnings (894,259) (978,619)
Accumulated other comprehensive loss (19,387) (10,923)
Total stockholders' equity 569,153 95,276
Noncontrolling interest in Operating Partnership 3,624 625
Total equity 572,777 95,901
Total liabilities and equity $ 5,188,537 $ 4,040,623