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CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Sep. 30, 2021
Sep. 30, 2020
Revenues:        
Hotel operating revenues $ 338,375 $ 199,719 $ 787,463 $ 700,578
Rental income 98,724 96,776 286,742 294,633
Total revenues 437,099 296,495 1,074,205 995,211
Expenses:        
Hotel operating expenses 285,233 174,801 723,769 492,906
Other operating expenses 4,437 3,705 11,758 11,029
Depreciation and amortization 124,163 122,204 370,208 377,557
General and administrative 14,231 12,295 40,840 37,621
Transaction related costs  3,149 0 28,934 0
Loss on asset impairment 0 10,248 2,110 55,502
Total expenses 431,213 323,253 1,177,619 974,615
Other operating income:        
Gain (loss) on sale of real estate, net 94 109 10,934 (9,655)
Unrealized gain on equity securities, net 24,348 5,606 20,367 4,409
Gain on insurance settlement 0 0 0 62,386
Interest income 203 6 485 283
Interest expense (including amortization of debt issuance costs and debt discounts and premiums of $5,877, $3,877, $15,123 and $10,651, respectively) (92,458) (80,532) (273,227) (223,679)
Loss on early extinguishment of debt 0 0 0 (6,970)
Income (loss) before income taxes and equity in earnings of an investee (61,927) (101,569) (344,855) (152,630)
Income tax benefit (expense) 55 296 (1,009) (16,706)
Equity in earnings (losses) of an investee 2,158 (1,369) 50 (4,305)
Net income (loss) (59,714) (102,642) (345,814) (173,641)
Other comprehensive income:        
Equity interest in investee’s unrealized gains 5 63 5 63
Other comprehensive income 5 63 5 63
Comprehensive loss $ (59,709) $ (102,579) $ (345,809) $ (173,578)
Weighted average common shares outstanding (basic) (in shares) 164,590 164,435 164,532 164,397
Weighted average common shares outstanding (diluted) (in shares) 164,590 164,435 164,532 164,397
Net income per common share (diluted) (in dollars per share) $ (0.36) $ (0.62) $ (2.10) $ (1.06)
Net income per common share (basic) (in dollars per share) $ (0.36) $ (0.62) $ (2.10) $ (1.06)
Revenue from contract with customer, product and service, extensible enumeration Hotel Hotel Hotel Hotel
Cost, product and service, extensible enumeration Hotel Hotel Hotel Hotel