XML 95 R75.htm IDEA: XBRL DOCUMENT v3.22.4
Segment Information (Details)
$ in Thousands
12 Months Ended
Dec. 31, 2022
USD ($)
segment
Dec. 31, 2021
USD ($)
Dec. 31, 2020
USD ($)
Segment Information      
Number of reportable segments | segment 2    
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 (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)
Total assets 7,488,191 9,153,315 8,687,319
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 0
Depreciation and amortization 0 0 0
General and administrative 44,404 53,439 50,668
Transaction related costs 1,920 0 0
Loss on asset impairment 0 0 0
Total expenses 46,324 53,439 50,668
Gain on sale of real estate, net 0 0 0
Gain on insurance settlement     0
Unrealized (losses) gains on equity securities, net (8,104) 22,535 19,882
Interest income 3,326 663 278
Interest expense (341,795) (365,721) (306,490)
Loss on early extinguishment of debt (791)   (9,394)
Loss before income taxes and equity in earnings (losses) of an investee (393,688) (395,962) (346,392)
Income tax benefit (expense) 199 941 (17,211)
Equity in earnings (losses) of an investee 2,856 (941) (9,910)
Net loss (390,633) (395,962) (373,513)
Total assets 229,195 1,086,119 119,491
Hotels | Operating segments      
Revenues:      
Hotel operating revenues 1,467,344 1,104,678 875,098
Rental income 0 1,808 2,472
Total revenues 1,467,344 1,106,486 877,570
Expenses:      
Hotel operating expenses 1,227,357 1,010,737 682,804
Other operating expenses 0 0 0
Depreciation and amortization 221,416 266,641 263,673
General and administrative 0 0 0
Transaction related costs 0 64,764 15,100
Loss on asset impairment 10,537 60,980 17,131
Total expenses 1,459,310 1,403,122 978,708
Gain on sale of real estate, net 48,202 9,558 14,927
Gain on insurance settlement     62,386
Unrealized (losses) gains on equity securities, net 0 0 0
Interest income 24 1 6
Interest expense 0 0 0
Loss on early extinguishment of debt 0   0
Loss before income taxes and equity in earnings (losses) of an investee 56,260 (287,077) (23,819)
Income tax benefit (expense) 0 0 0
Equity in earnings (losses) of an investee 0 0 0
Net loss 56,260 (287,077) (23,819)
Total assets 3,882,701 4,487,101 4,846,410
Net Lease | Operating segments      
Revenues:      
Hotel operating revenues 0 0 0
Rental income 395,667 389,094 387,684
Total revenues 395,667 389,094 387,684
Expenses:      
Hotel operating expenses 0 0 0
Other operating expenses 13,176 15,658 15,208
Depreciation and amortization 179,692 219,324 235,235
General and administrative 0 0 0
Transaction related costs 0 0 0
Loss on asset impairment 452 17,640 38,625
Total expenses 193,320 252,622 289,068
Gain on sale of real estate, net (384) 1,964 (12,666)
Gain on insurance settlement     0
Unrealized (losses) gains on equity securities, net 0 0 0
Interest income 29 0 0
Interest expense 0 0 0
Loss on early extinguishment of debt 0   0
Loss before income taxes and equity in earnings (losses) of an investee 201,992 138,436 85,950
Income tax benefit (expense) 0 0 0
Equity in earnings (losses) of an investee 0 0 0
Net loss 201,992 138,436 85,950
Total assets $ 3,376,295 $ 3,580,095 $ 3,721,418