XML 94 R71.htm IDEA: XBRL DOCUMENT v3.22.0.1
Segment Information (Details)
$ in Thousands
12 Months Ended
Dec. 31, 2021
USD ($)
segment
Dec. 31, 2020
USD ($)
Dec. 31, 2019
USD ($)
Segment Information      
Number of reportable segments | segment 2    
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 (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
Total assets 9,153,315 8,687,319 9,033,967
Corporate      
Revenues:      
Hotel operating revenues 0 0 0
Rental income 0 0 0
Total revenues 0 0 0
Expenses:      
Hotel operating expenses 0 0 0
Other operating expenses 0 0
Depreciation and amortization 0 0 0
General and administrative 53,439 50,668 54,639
Transaction related costs 0 0 1,795
Loss on asset impairment 0 0 0
Total expenses 53,439 50,668 56,434
Gain on sale of real estate, net 0 0 0
Dividend income     1,752
Gain on insurance settlement   0  
Unrealized gains (losses) on equity securities, net 22,535 19,882 (40,461)
Interest income 663 278 1,420
Interest expense (365,721) (306,490) (225,126)
Loss on early extinguishment of debt   (9,394) (8,451)
Income (loss) before income taxes and equity in earnings (losses) of an investee (395,962) (346,392) (327,300)
Income tax benefit (expense) 941 (17,211) (2,793)
Equity in earnings (losses) of an investee (941) (9,910) 393
Net income (395,962) (373,513) (329,700)
Total assets 1,086,119 119,491 124,587
Hotels | Operating segments      
Revenues:      
Hotel operating revenues 1,104,678 875,098 1,989,173
Rental income 1,808 2,472 25,724
Total revenues 1,106,486 877,570 2,014,897
Expenses:      
Hotel operating expenses 1,010,737 682,804 1,410,927
Other operating expenses 0 0 0
Depreciation and amortization 266,641 263,673 268,088
General and administrative 0 0 0
Transaction related costs 64,764 15,100 0
Loss on asset impairment 60,980 17,131 28,371
Total expenses 1,403,122 978,708 1,707,386
Gain on sale of real estate, net 9,558 14,927 0
Dividend income     0
Gain on insurance settlement   62,386  
Unrealized gains (losses) on equity securities, net 0 0 0
Interest income 1 6 795
Interest expense 0 0 0
Loss on early extinguishment of debt   0 0
Income (loss) before income taxes and equity in earnings (losses) of an investee (287,077) (23,819) 308,306
Income tax benefit (expense) 0 0 0
Equity in earnings (losses) of an investee 0 0 0
Net income (287,077) (23,819) 308,306
Total assets 4,487,101 4,846,410 4,866,549
Net Lease | Operating segments      
Revenues:      
Hotel operating revenues 0 0 0
Rental income 389,094 387,684 301,251
Total revenues 389,094 387,684 301,251
Expenses:      
Hotel operating expenses 0 0 0
Other operating expenses 15,658 15,208 8,357
Depreciation and amortization 219,324 235,235 160,360
General and administrative 0 0 0
Transaction related costs 0 0 0
Loss on asset impairment 17,640 38,625 10,925
Total expenses 252,622 289,068 179,642
Gain on sale of real estate, net 1,964 (12,666) 159,535
Dividend income     0
Gain on insurance settlement   0  
Unrealized gains (losses) on equity securities, net 0 0 0
Interest income 0 0 0
Interest expense 0 0 0
Loss on early extinguishment of debt   0 0
Income (loss) before income taxes and equity in earnings (losses) of an investee 138,436 85,950 281,144
Income tax benefit (expense) 0 0 0
Equity in earnings (losses) of an investee 0 0 0
Net income 138,436 85,950 281,144
Total assets $ 3,580,095 $ 3,721,418 $ 4,042,831