Segment Information (Tables)

9 Months Ended

Sep. 30, 2020

Segment Reporting [Abstract]

Schedule of segment information

	For the Three Months Ended September 30, 2020
	Hotels		Net Lease		Corporate		Consolidated
Revenues:
Hotel operating revenues	$	199,719	$	—	$	—	$	199,719
Rental income	674		96,102		—		96,776
Total revenues	200,393		96,102		—		296,495
Expenses:
Hotel operating expenses	174,801		—		—		174,801
Other operating expenses	—		3,705		—		3,705
Depreciation and amortization	64,517		57,687		—		122,204
General and administrative	—		—		12,295		12,295
Loss on asset impairment	262		9,986		—		10,248
Total expenses	239,580		71,378		12,295		323,253
Gain on sale of real estate	—		109		—		109
Gain on insurance settlement	—		—		—		—
Unrealized gain on equity securities	—		—		5,606		5,606
Interest income	6		—		—		6
Interest expense	—		—		(80,532)		(80,532)
Income (loss) before income taxes and equity in earnings of an investee	(39,181)		24,833		(87,221)		(101,569)
Income tax benefit	—		—		296		296
Equity in losses of an investee	—		—		(1,369)		(1,369)
Net income (loss)	$	(39,181)	$	24,833	$	(88,294)	$	(102,642)
	For the Nine Months Ended September 30, 2020
	Hotels		Net Lease		Corporate		Consolidated
Revenues:
Hotel operating revenues	$	700,578	$	—	$	—	$	700,578
Rental income	3,045		291,387		—		294,432
FF&E reserve income	201		—		—		201
Total revenues	703,824		291,387		—		995,211
Expenses:
Hotel operating expenses	492,906		—		—		492,906
Other operating expenses	—		11,029		—		11,029
Depreciation and amortization	199,955		177,602		—		377,557
General and administrative	—		—		37,621		37,621
Loss on asset impairment	22,622		32,880		—		55,502
Total expenses	715,483		221,511		37,621		974,615
Loss on sale of real estate	—		(9,655)		—		(9,655)
Gain on insurance settlement	62,386		—		—		62,386
Unrealized losses on equity securities	—		—		4,409		4,409
Interest income	168		—		115		283
Interest expense	—		—		(223,679)		(223,679)
Loss on early extinguishment of debt	—		—		(6,970)		(6,970)
Income (loss) before income taxes and equity in earnings of an investee	50,895		60,221		(263,746)		(152,630)
Income tax expense	—		—		(16,706)		(16,706)
Equity in losses of an investee	—		—		(4,305)		(4,305)
Net income (loss)	$	50,895	$	60,221	$	(284,757)	$	(173,641)
	As of September 30, 2020
	Hotels		Net Lease		Corporate		Consolidated
Total assets	$	4,900,990	$	3,804,679	$	91,004	$	8,796,673

	For the Three Months Ended September 30, 2019
	Hotels		Net Lease		Corporate		Consolidated
Revenues:
Hotel operating revenues	$	525,290	$	—	$	—	$	525,290
Rental income	5,565		68,054		—		73,619
FF&E reserve income	863		—		—		863
Total revenues	531,718		68,054		—		599,772
Expenses:
Hotel operating expenses	377,895		—		—		377,895
Other operating expenses	369		1,338		—		1,707
Depreciation and amortization	66,929		36,231		—		103,160
General and administrative	—		—		12,464		12,464
Total expenses	445,193		37,569		12,464		495,226
Unrealized loss on equity securities	—		—		(3,950)		(3,950)
Interest income	177		—		511		688
Interest expense	—		—		(52,375)		(52,375)
Loss on early extinguishment of debt	—		—		(8,451)		(8,451)
Income (loss) before income taxes and equity in earnings of an investee	86,702		30,485		(76,729)		40,458
Income tax expense	—		—		(467)		(467)
Equity in earnings of an investee	—		—		83		83
Net income (loss)	$	86,702	$	30,485	$	(77,113)	$	40,074
	For the Nine Months Ended September 30, 2019
	Hotels		Net Lease		Corporate		Consolidated
Revenues:
Hotel operating revenues	$	1,521,368	$	—	$	—	$	1,521,368
Rental income	16,700		193,809		—		210,509
FF&E reserve income	3,365		—		—		3,365
Total revenues	1,541,433		193,809		—		1,735,242
Expenses:
Hotel operating expenses	1,076,011		—		—		1,076,011
Other operating expenses	1,101		3,318		—		4,419
Depreciation and amortization	200,533		101,188		—		301,721
General and administrative	—		—		36,906		36,906
Total expenses	1,277,645		104,506		36,906		1,419,057
Gain on sale of real estate	—		159,535		—		159,535
Dividend income	—		—		1,752		1,752
Unrealized loss on equity securities	—		—		(43,761)		(43,761)
Interest income	603		—		1,171		1,774
Interest expense	—		—		(151,742)		(151,742)
Loss on early extinguishment of debt	—		—		(8,451)		(8,451)
Income (loss) before income taxes and equity in earnings of an investee	264,391		248,838		(237,937)		275,292
Income tax expense	—		—		(1,266)		(1,266)
Equity in earnings of an investee	—		—		617		617
Net income (loss)	$	264,391	$	248,838	$	(238,586)	$	274,643
	As of December 31, 2019
	Hotels		Net Lease		Corporate		Consolidated
Total assets	$	4,866,549	$	4,042,831	$	124,587	$	9,033,967