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CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Revenues:      
Hotel operating revenues $ 1,104,678 $ 875,098 $ 1,989,173
Rental income 390,902 390,156 326,975
Total revenues 1,495,580 1,265,254 2,316,148
Expenses:      
Hotel operating expenses 1,010,737 682,804 1,410,927
Other operating expenses 15,658 15,208 8,357
Depreciation and amortization 485,965 498,908 428,448
General and administrative 53,439 50,668 54,639
Transaction related costs 64,764 15,100 1,795
Loss on asset impairment 78,620 55,756 39,296
Total expenses 1,709,183 1,318,444 1,943,462
Gain on sale of real estate, net 11,522 2,261 159,535
Dividend income 0 0 1,752
Gain on insurance settlement 0 62,386 0
Unrealized gains (losses) on equity securities, net 22,535 19,882 (40,461)
Interest income 664 284 2,215
Interest expense (including amortization of debt issuance costs and debt discounts and premiums of $21,036, $14,870 and $11,117, respectively) (365,721) (306,490) (225,126)
Loss on early extinguishment of debt 0 (9,394) (8,451)
Income (loss) before income taxes and equity in earnings (losses) of an investee (544,603) (284,261) 262,150
Income tax benefit (expense) 941 (17,211) (2,793)
Equity in earnings (losses) of an investee (941) (9,910) 393
Net income (544,603) (311,382) 259,750
Other comprehensive income (loss):      
Equity interest in investee’s unrealized gains (losses) 1,539 (760) 91
Other comprehensive income (loss) 1,539 (760) 91
Comprehensive income $ (543,064) $ (312,142) $ 259,841
Weighted average common shares outstanding (basic) (in shares) 164,566 164,422 164,312
Weighted average common shares outstanding (diluted) (in shares) 164,566 164,422 164,340
Net income available for common shareholders per common share (diluted) (in dollars per share) $ (3.31) $ (1.89) $ 1.58
Net income available for common shareholders per common share (basic) (in dollars per share) $ (3.31) $ (1.89) $ 1.58
Revenue form contract with customer, produce and service extensible list Hotel Hotel Hotel
Product and service, extensible list Hotel Hotel Hotel