Segment Information (Tables)

9 Months Ended

Sep. 30, 2021

Segment Reporting [Abstract]

Schedule of segment information

	For the Three Months Ended September 30, 2021
	Hotels		Net Lease		Corporate		Consolidated
Revenues:
Hotel operating revenues	$	338,375	$	—	$	—	$	338,375
Rental income	—		98,724		—		98,724
Total revenues	338,375		98,724		—		437,099
Expenses:
Hotel operating expenses	285,233		—		—		285,233
Other operating expenses	—		4,437		—		4,437
Depreciation and amortization	66,065		58,098		—		124,163
General and administrative	—		—		14,231		14,231
Transaction related costs	—		—		3,149		3,149
Loss on asset impairment	—		—		—		—
Total expenses	351,298		62,535		17,380		431,213
Gain on sale of real estate, net	—		94		—		94
Unrealized gain on equity securities, net	—		—		24,348		24,348
Interest income	—		—		203		203
Interest expense	—		—		(92,458)		(92,458)
Income (loss) before income taxes and equity in earnings of an investee	(12,923)		36,283		(85,287)		(61,927)
Income tax benefit	—		—		55		55
Equity in earnings of an investee	2,158		—		—		2,158
Net income (loss)	$	(10,765)	$	36,283	$	(85,232)	$	(59,714)
	For the Nine Months Ended September 30, 2021
	Hotels		Net Lease		Corporate		Consolidated
Revenues:
Hotel operating revenues	$	787,463	$	—	$	—	$	787,463
Rental income	700		286,042		—		286,742
Total revenues	788,163		286,042		—		1,074,205
Expenses:
Hotel operating expenses	723,769		—		—		723,769
Other operating expenses	—		11,758				11,758
Depreciation and amortization	200,772		169,436		—		370,208
General and administrative	(276)		1,008		40,108		40,840
Transaction related costs	23,159		—		5,775		28,934
Loss on asset impairment	—		2,110		—		2,110
Total expenses	947,424		184,312		45,883		1,177,619
Gain on sale of real estate, net	10,813		121		—		10,934
Unrealized gain on equity securities, net	—		—		20,367		20,367
Interest income	—		—		485		485
Interest expense	—		—		(273,227)		(273,227)
Income (loss) before income taxes and equity in losses of an investee	(148,448)		101,851		(298,258)		(344,855)
Income tax expense	—		—		(1,009)		(1,009)
Equity in earnings of an investee	50		—		—		50
Net income (loss)	$	(148,398)	$	101,851	$	(299,267)	$	(345,814)
	As of September 30, 2021
	Hotels		Net Lease		Corporate		Consolidated
Total assets	$	4,609,248	$	3,605,271	$	1,120,312	$	9,334,831

	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
Loss on sale of real estate, net	—		109		—			109
Unrealized gain on equity securities, net	—		—		5,606			5,606
Interest income	6		—		—			6
Interest expense	—		—		(80,532)			(80,532)
Income (loss) before income taxes and equity in losses 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	3,246		291,387		—			294,633
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, net	—		(9,655)		—			(9,655)
Gain on insurance settlement	62,386		—		—			62,386
Unrealized gain on equity securities, net	—		—		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 losses 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 December 31, 2020
	Hotels		Net Lease		Corporate			Consolidated
Total assets	$	4,846,410	$	3,721,418	$	119,491	`	$	8,687,319