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CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Revenues:      
Hotel operating revenues $ 875,098 $ 1,989,173 $ 1,958,598
Rental income 389,955 322,236 330,806
FF&E reserve income 201 4,739 5,132
Total revenues 1,265,254 2,316,148 2,294,536
Expenses:      
Hotel operating expenses 697,904 1,410,927 1,387,065
Other operating expenses 15,208 8,357 5,290
Depreciation and amortization 498,908 428,448 403,077
General and administrative 50,668 54,639 104,862
Transaction related costs 0 1,795 0
Loss on asset impairment 55,756 39,296 0
Total expenses 1,318,444 1,943,462 1,900,294
Gain on sale of real estate, net 2,261 159,535 0
Dividend income 0 1,752 2,754
Gain on insurance settlement 62,386 0 0
Unrealized gains (losses) on equity securities, net 19,882 (40,461) (16,737)
Interest income 284 2,215 1,528
Interest expense (including amortization of debt issuance costs and debt discounts and premiums of $14,870, $11,117 and $10,177, respectively) (306,490) (225,126) (195,213)
Loss on early extinguishment of debt (9,394) (8,451) (160)
Income (loss) before income taxes and equity in earnings (losses) of an investee (284,261) 262,150 186,414
Income tax expense (17,211) (2,793) (1,195)
Equity in earnings (losses) of an investee (9,910) 393 515
Net income (311,382) 259,750 185,734
Other comprehensive income (loss):      
Equity interest in investee’s unrealized gains (losses) (760) 91 (68)
Other comprehensive income (loss) (760) 91 (68)
Comprehensive income $ (312,142) $ 259,841 $ 185,666
Weighted average common shares outstanding (basic) (in shares) 164,422 164,312 164,229
Weighted average common shares outstanding (diluted) (in shares) 164,422 164,340 164,258
Net income available for common shareholders per common share (basic and diluted) (in dollars per share) $ (1.89) $ 1.58 $ 1.13
Revenue form contract with customer, produce and service extensible list srt:HotelMember srt:HotelMember srt:HotelMember
Product and service, extensible list srt:HotelMember srt:HotelMember srt:HotelMember