Schedule of segment information |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | For the Three Months Ended March 31, 2022 | | | Hotels | | Net Lease | | Corporate | | Consolidated | Revenues: | | | | | | | | | Hotel operating revenues | | $ | 297,406 | | | $ | — | | | $ | — | | | $ | 297,406 | | Rental income | | — | | | 96,358 | | | — | | | 96,358 | | | | | | | | | | | Total revenues | | 297,406 | | | 96,358 | | | — | | | 393,764 | | | | | | | | | | | Expenses: | | | | | | | | | Hotel operating expenses | | 290,343 | | | — | | | — | | | 290,343 | | Other operating expenses | | — | | | 2,269 | | | — | | | 2,269 | | Depreciation and amortization | | 56,162 | | | 47,951 | | | — | | | 104,113 | | General and administrative | | — | | | — | | | 11,989 | | | 11,989 | | | | | | | | | | | Transaction related costs | | — | | | — | | | 1,177 | | | 1,177 | | Loss on asset impairment | | 5,568 | | | (68) | | | — | | | 5,500 | | Total expenses | | 352,073 | | | 50,152 | | | 13,166 | | | 415,391 | | | | | | | | | | | Gain on sale of real estate, net | | 4,990 | | | 558 | | | — | | | 5,548 | | | | | | | | | | | Unrealized loss on equity securities, net | | — | | | — | | | (10,260) | | | (10,260) | | Interest income | | — | | | — | | | 273 | | | 273 | | Interest expense | | — | | | — | | | (92,344) | | | (92,344) | | | | | | | | | | | Income (loss) before income taxes and equity in earnings of an investee | | (49,677) | | | 46,764 | | | (115,497) | | | (118,410) | | Income tax expense | | — | | | — | | | (695) | | | (695) | | Equity in losses of an investee | | — | | | — | | | (717) | | | (717) | | Net income (loss) | | $ | (49,677) | | | $ | 46,764 | | | $ | (116,909) | | | $ | (119,822) | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | As of March 31, 2022 | | | Hotels | | Net Lease | | Corporate | | Consolidated | Total assets | | $ | 4,391,689 | | | $ | 3,522,573 | | | $ | 1,102,810 | | | $ | 9,017,072 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | For the Three Months Ended March 31, 2021 | | | Hotels | | Net Lease | | Corporate | | Consolidated | Revenues: | | | | | | | | | Hotel operating revenues | | $ | 168,953 | | | $ | — | | | $ | — | | | $ | 168,953 | | Rental income | | 496 | | | 91,721 | | | — | | | 92,217 | | | | | | | | | | | Total revenues | | 169,449 | | | 91,721 | | | — | | | 261,170 | | | | | | | | | | | Expenses: | | | | | | | | | Hotel operating expenses | | 195,352 | | | — | | | — | | | 195,352 | | Other operating expenses | | — | | | 3,417 | | | — | | | 3,417 | | Depreciation and amortization | | 68,124 | | | 56,244 | | | — | | | 124,368 | | General and administrative | | — | | | — | | | 12,657 | | | 12,657 | | Transition related costs | | 19,635 | | | — | | | — | | | 19,635 | | Loss on asset impairment | | — | | | 1,211 | | | — | | | 1,211 | | Total expenses | | 283,111 | | | 60,872 | | | 12,657 | | | 356,640 | | | | | | | | | | | Loss on sale of real estate, net | | — | | | (9) | | | — | | | (9) | | | | | | | | | | | Unrealized loss on equity securities, net | | — | | | — | | | (6,481) | | | (6,481) | | Interest income | | — | | | — | | | 57 | | | 57 | | Interest expense | | — | | | — | | | (89,391) | | | (89,391) | | | | | | | | | | | Income (loss) before income taxes and equity in losses of an investee | | (113,662) | | | 30,840 | | | (108,472) | | | (191,294) | | Income tax expense | | — | | | — | | | (853) | | | (853) | | Equity in losses of an investee | | — | | | — | | | (2,843) | | | (2,843) | | Net income (loss) | | $ | (113,662) | | | $ | 30,840 | | | $ | (112,168) | | | $ | (194,990) | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | As of December 31, 2021 | | | Hotels | | Net Lease | | Corporate | | Consolidated | Total assets | | $ | 4,487,101 | | | $ | 3,580,095 | | | $ | 1,086,119 | | ` | $ | 9,153,315 | |
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