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CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Revenues:      
Hotel operating revenues $ 1,467,344 $ 1,104,678 $ 875,098
Rental income 395,667 390,902 390,156
Total revenues 1,863,011 1,495,580 1,265,254
Expenses:      
Hotel operating expenses 1,227,357 1,010,737 682,804
Other operating expenses 13,176 15,658 15,208
Depreciation and amortization 401,108 485,965 498,908
General and administrative 44,404 53,439 50,668
Transaction related costs 1,920 64,764 15,100
Loss on asset impairment 10,989 78,620 55,756
Total expenses 1,698,954 1,709,183 1,318,444
Gain on sale of real estate, net 47,818 11,522 2,261
Gain on insurance settlement 0 0 62,386
Unrealized (losses) gains on equity securities, net (8,104) 22,535 19,882
Interest income 3,379 664 284
Interest expense (including amortization of debt issuance costs and debt discounts and premiums of $19,375, $21,036 and $14,870, respectively) (341,795) (365,721) (306,490)
Loss on early extinguishment of debt (791) 0 (9,394)
Loss before income taxes and equity in earnings (losses) of an investee (135,436) (544,603) (284,261)
Income tax benefit (expense) 199 941 (17,211)
Equity in earnings (losses) of an investee 2,856 (941) (9,910)
Net loss (132,381) (544,603) (311,382)
Other comprehensive income (loss):      
Equity interest in investee’s unrealized gains (losses) 1,604 1,539 (760)
Other comprehensive income (loss) 1,604 1,539 (760)
Comprehensive income $ (130,777) $ (543,064) $ (312,142)
Weighted average common shares outstanding (basic) (in shares) 164,738 164,566 164,222
Weighted average common shares outstanding (diluted) (in shares) 164,738 164,566 164,222
Net loss available for common shareholders per common share (diluted) (in dollars per share) $ (0.80) $ (3.31) $ (1.89)
Net loss available for common shareholders per common share (basic) (in dollars per share) $ (0.80) $ (3.31) $ (1.89)
Revenue form contract with customer, produce and service extensible list Hotel Hotel Hotel
Product and service, extensible list Hotel Hotel Hotel