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CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Revenues:        
Hotel operating revenues $ 418,984 $ 280,135 $ 716,390 $ 449,088
Rental income 96,793 95,801 193,151 188,018
Total revenues 515,777 375,936 909,541 637,106
Expenses:        
Hotel operating expenses 325,194 243,183 615,537 438,536
Other operating expenses 3,179 4,376 5,650 8,109
Depreciation and amortization 100,520 121,677 204,633 246,045
General and administrative 12,665 13,480 24,452 25,821
Transaction related costs 743 6,151 1,920 25,785
Loss on asset impairment, net 3,048 899 8,548 2,110
Total expenses 445,349 389,766 860,740 746,406
Other operating income:        
Gain on sale of real estate, net 38,851 10,849 44,399 10,840
Unrealized gains (losses) on equity securities, net (10,059) 2,500 (20,319) (3,981)
Interest income 1,021 225 1,294 282
Interest expense (including amortization of debt issuance costs and debt discounts and premiums of $5,021, $4,891, $10,934 and $9,247, respectively) (89,820) (91,378) (182,164) (180,769)
Loss on early extinguishment of debt (791) 0 (791) 0
Income (loss) before income taxes and equity in earnings (losses) of an investee 9,630 (91,634) (108,780) (282,928)
Income tax expense (473) (211) (1,168) (1,064)
Equity in earnings (losses) of an investee 2,193 735 1,476 (2,108)
Net income (loss) 11,350 (91,110) (108,472) (286,100)
Other comprehensive income:        
Equity interest in investee’s unrealized gains 46 0 50 0
Other comprehensive income 46 0 50 0
Comprehensive income (loss) $ 11,396 $ (91,110) $ (108,422) $ (286,100)
Weighted average common shares outstanding (basic) (in shares) 164,677 164,506 164,672 164,502
Weighted average common shares outstanding (diluted) (in shares) 164,677 164,506 164,672 164,502
Net income (loss) per common share (diluted) (in dollars per share) $ 0.07 $ (0.55) $ (0.66) $ (1.74)
Net income (loss) per common share (basic) (in dollars per share) $ 0.07 $ (0.55) $ (0.66) $ (1.74)
Revenue from contract with customer, product and service, extensible enumeration Hotels Hotels Hotels Hotels
Cost, product and service, extensible enumeration Hotels Hotels Hotels Hotels