Financial Statements As Reported

As Reported Financials

Source Document Currency Code (in thousands) 2014 Y 12/31/2015 USD 2015 Y 12/31/2016 USD 2016 Y 12/31/2017 USD 2017 Y 12/31/2017 USD
Source Document Currency Code 2014 Y 12/31/2015 USD 2015 Y 12/31/2016 USD 2016 Y 12/31/2017 USD 2017 Y 12/31/2017 USD

ASSETS

Investment in hotel properties, net 1,339,415 1,333,407 1,545,122 2,059,492
Investment in hotel properties under development 253 NA 0 23,793
Land held for development 8,183 5,742 5,742 2,942
Assets held for sale 300 133,138 62,695 1,193
Investment in real estate loans, net NA 12,803 17,585 12,356
Cash and cash equivalents 38,581 29,326 34,694 36,545
Restricted cash 34,395 23,073 24,881 29,462
Trade receivables, net 7,681 9,437 11,807 16,985
Prepaid expenses and other 6,181 15,281 6,474 9,454
Derivative financial instruments 66 NA NA NA
Deferred charges, net 9,641 3,628 3,727 5,221
Deferred tax asset, net 176 NA NA NA
Other assets 14,152 9,559 5,778 12,431
Total assets 1,459,024 1,575,394 1,718,505 2,209,874

LIABILITIES AND EQUITY

Liabilities

Debt, net of debt issuance costs 626,533 671,536 652,414 868,236
Accounts payable 7,271 2,947 4,623 7,774
Accrued expenses and other 38,062 42,174 47,998 56,488
Derivative financial instruments 1,957 1,811 NA NA
Total liabilities 673,823 718,468 705,035 932,498

Equity

Preferred stock
Series A 20 20 NA NA
7.875% Series B 30 30 30 0
7.125% Series C 34 34 34 34
6.45% Series D NA 0 30 30
6.25% Series E NA NA 0 64
Common stock 861 868 935 1,043
Additional paid-in capital 888,191 894,060 1,011,412 1,262,679
Accumulated other comprehensive income (loss) (1,746) (1,666) (977) 1,451
Retained earnings (distributions in excess of retained earnings) (107,779) (40,635) (1,422) 9,201
Total stockholders' equity 779,611 852,711 1,010,042 1,274,502
Non-controlling interests in operating partnership 5,590 4,215 3,428 2,874
Total equity 785,201 856,926 1,013,470 1,277,376
Total liabilities and equity 1,459,024 1,575,394 1,718,505 2,209,874
Data shown on this page is extracted directly from the company’s documents. S&P makes every effort to line up fields, captions and headers that represent the same data over time, despite variations in how the company may report these items in different documents. In certain instances the variation in the company’s presentation over time may be too significant, potentially resulting in repeating and/or disordered items. Despite possible issues with the presentation, S&P, as always, stands by its commitment to the quality of the data.