Hospitality Investors Trust, Inc.

Delisted

CIK 0001583077Non-AcceleratedReal Estate Investment TrustsMarylandFY ends Dec 31

Period

FY 2020

Revenue

—

Net Income

$-164.98M

Total Assets

$1.78B

Equity

$-53.23M

Shares Out

39.08M

Op. Cash Flow

$-46.06M

Business

Hospitality Investors Trust, Inc. is a former operating company in Real Estate Investment Trusts, incorporated in Maryland. Securities are no longer actively traded on a major U.S. exchange.

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Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2020 2020-12-31	FY 2019 2019-12-31	FY 2018 2018-12-31	FY 2017 2017-12-31	FY 2016 2016-12-31
Revenue	237	599	606	621	—
Management fees	7	17	17	24	43
Other property-level operating expenses	139	246	241	243	231
Transaction related costs	2	780,000	64,000	498,000	—
General and administrative	23	21	20	19	16
Depreciation and amortization	83	110	112	105	101
Impairment of goodwill and long-lived assets	31	116	30	33	2
Rent	3	7	7	7	7
Total operating expenses	354	679	591	—	—
Gain (loss) on sale of assets, net	4	5	−188,000	99,000	—
Operating (loss) income	−113	−76	15	27	—
Interest expense	−59	−93	−106	−99	−92
Other income (loss), net	14	2	2	−1	1
Equity in (loss) earnings of unconsolidated entities	−613,000	314,000	187,000	403,000	399,000
Total other expenses, net	−45	−91	−104	−100	−91
Loss before taxes	−158	−167	−89	−73	−71
Income tax expense (benefit)	7	−3	−3	−2	1
Net loss and comprehensive loss	−166	−163	−86	−71	−72
Less: Net (loss) income attributable to non-controlling interest	−585,000	−42,000	85,000	244,000	315,000
Net loss before dividends and accretion	−165	−163	−86	−71	−72
Dividends on Class C Units (cash and PIK)	−53	−46	−21	−13	0
Accretion of Class C Units	−6	−5	−3	−2	0
Net loss attributable to common stockholders	−224	−215	−110	−91	−72
Basic and Diluted net loss attributable to common stockholders per common share (in dollars per share)	−5.72	−5.48	−2.78	−2.3	−1.86
Basic and Diluted weighted average shares of common stock outstanding (in shares)	39	39	39	39	39

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2020 2020-12-31	FY 2019 2019-12-31	FY 2018 2018-12-31	FY 2017 2017-12-31	FY 2017 2017-03-31
Land	260	286	338	342	—
Buildings and improvements	1,566	1,587	1,948	1,921	—
Furniture, fixtures and equipment	158	219	257	226	—
Total real estate investments	1,983	2,091	2,543	2,489	—
Less: accumulated depreciation and amortization	−372	−366	−348	−258	—
Total real estate investments, net	1,611	1,725	2,195	2,232	—
Cash and cash equivalents	48	103	55	56	—
Assets held for sale	—	159	—	—	—
Restricted cash	35	41	28	63	—
Investments in unconsolidated entities	3	3	4	4	—
Right of use assets	54	58	—	—	—
Prepaid expenses and other assets	18	36	36	37	—
Goodwill	7	10	11	14	32
Total Assets	1,776	2,137	2,337	2,421	—
Mortgage notes payable, net	1,310	1,461	1,508	1,496	—
Accounts payable and accrued expenses	35	54	63	67	—
Lease liabilities	49	52	—	—	—
Total Liabilities	1,394	1,567	1,790	1,797	—
Commitments and Contingencies	—	—	—	—	—
Contingently Redeemable Class C Units in operating partnership; 29,923,331 and 27,920,954 units issued and outstanding, respectively ($441,369 and $411,834 liquidation preference, respectively)	434	398	163	128	—
Preferred stock, $0.01 par value, 50,000,000 shares authorized, one share issued and outstanding	—	—	0	0	—
Common stock, $0.01 par value, 300,000,000 shares authorized, 39,082,625 and 39,151,201 shares issued and outstanding, respectively	391,000	392,000	391,000	395,000	—
Additional paid-in capital	874	872	870	872	—
Deficit	−928	−704	−489	−380	—
Total equity (deficit) of Hospitality Investors Trust, Inc. stockholders	−53	168	382	493	—
Non-controlling interests	2	2	3	3	—
Total Equity (Deficit)	−51	171	384	495	—
Total Liabilities, Contingently Redeemable Class C Units, and Stockholders' Equity (Deficit)	1,776	2,137	2,337	2,421	—

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2020 2020-12-31	FY 2019 2019-12-31	FY 2018 2018-12-31	FY 2017 2017-12-31	FY 2016 2016-12-31
Depreciation and amortization	83	110	112	105	101
Amortization and write-off of deferred financing costs	9	10	13	11	10
Other adjustments, net	−1	−3	2	2	−721,000
Prepaid expenses and other assets	17	878,000	−756,000	−2	3
Accounts payable and accrued expenses	−19	4	−3	5	6
Net cash (used in) provided by operating activities	−46	74	67	80	68
Payment received on note for sale of hotel	—	—	2	—	—
Real estate investment improvements and purchases of property and equipment	−10	−51	−103	−79	−91
Payments related to Property Management Transactions	—	—	−1	−13	0
Proceeds from sales of hotels, net	177	132	5	12	13
Other adjustments, net	18,000	69,000	35,000	−581,000	0
Net cash provided by (used in) investing activities	167	81	−97	−141	−148
Proceeds from Class C Units	—	220	25	135	0
Net proceeds from non-controlling interests and redemptions	200,000	—	—	—	—
Payment of Class C Units issuance costs	—	−8	−944,000	−14	—
Dividends/Distributions paid	−23	−28	−13	−8	−12
Payments of promissory and mortgage notes payable	−156	−1,126	—	−1,031	—
Proceeds from mortgage notes payable	—	1,086	—	1,101	70
Deferred financing fees	−3	−18	—	−20	−721,000
Mandatorily redeemable preferred securities redemptions	—	−220	−14	−56	−4
Repurchase of shares of common stock	—	−20,000	−3	−763,000	0
Net cash used in financing activities	−182	−93	−6	102	40
Net change in cash and cash equivalents and restricted cash	−62	62	−36	41	—
Interest paid	53	80	94	88	85
Income taxes paid, net	−2	−667,000	802,000	2	763,000
Real estate investment improvements and purchases of property and equipment in accounts payable and accrued expenses	465,000	1	13	14	12

Filings

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Frequently asked questions

What is Hospitality Investors Trust, Inc.'s CIK number?

Hospitality Investors Trust, Inc.'s SEC CIK number is 0001583077 (1583077). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.

Where can I find Hospitality Investors Trust, Inc.'s SEC filings?

All of Hospitality Investors Trust, Inc.'s EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.

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