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CONDENSED CONSOLIDATED STATEMENTS OF INCOME (LOSS) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Revenues:    
Hotel operating revenues $ 168,953 $ 383,503
Rental income 92,217 100,273
Total revenues 261,170 483,776
Expenses:    
Hotel operating expenses 214,987 271,148
Other operating expenses 3,417 3,759
Depreciation and amortization 124,368 127,926
General and administrative 12,657 14,024
Loss on asset impairment 1,211 16,740
Total expenses 356,640 433,597
Other operating income:    
Loss on sale of real estate (9) (6,911)
Unrealized losses on equity securities, net (6,481) (5,045)
Interest income 57 262
Interest expense (including amortization of debt issuance costs and debt discounts and premiums of $4,355 and $3,288, respectively) (89,391) (71,075)
Income (loss) before income taxes and equity in earnings of an investee (191,294) (32,590)
Income tax expense (853) (342)
Equity in losses of an investee (2,843) (718)
Net income (loss) $ (194,990) $ (33,650)
Weighted average common shares outstanding (basic) (in shares) 164,498 164,370
Weighted average common shares outstanding (diluted) (in shares) 164,498 164,370
Net income per common share (diluted) (in dollars per share) $ (1.19) $ (0.20)
Net income per common share (basic) (in dollars per share) $ (1.19) $ (0.20)
Revenue from contract with customer, product and service, extensible list Hotel Hotel
Cost, product and service, extensible list Hotel Hotel