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CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
Revenues:        
Hotel operating revenues $ 395,526 $ 400,453 $ 1,134,649 $ 1,116,843
Rental income 101,299 97,798 295,164 290,949
Total revenues 496,825 498,251 1,429,813 1,407,792
Expenses:        
Hotel operating expenses 317,752 318,266 926,418 933,803
Other operating expenses 4,802 3,511 13,079 9,162
Depreciation and amortization 94,498 101,514 289,108 306,147
General and administrative 10,849 11,293 34,180 35,743
Transaction related costs 115 0 1,933 1,920
Loss on asset impairment, net 512 1,172 9,517 9,720
Total expenses 428,528 435,756 1,274,235 1,296,495
Gain (loss) on sale of real estate 123 (164) 41,959 44,235
Gains on equity securities, net 0 23,056 48,837 2,737
Interest income 5,626 1,442 11,880 2,735
Interest expense (including amortization of debt issuance costs and debt discounts and premiums of $6,608, $4,595, $18,644 and $15,529, respectively) (82,280) (81,740) (246,363) (263,904)
Loss on early extinguishment of debt 0 0 (282) (791)
(Loss) income before income taxes and equity in earnings of an investee (8,234) 5,089 11,609 (103,691)
Income tax benefit (expense) 2,242 (390) 775 (1,558)
Equity in earnings (losses) of an investee 1,864 2,801 (1,840) 4,277
Net (loss) income (4,128) 7,500 10,544 (100,972)
Other comprehensive income:        
Equity interest in investee's unrealized (losses) gains (245) 684 (244) 734
Other comprehensive (loss) income (245) 684 (244) 734
Comprehensive (loss) income $ (4,373) $ 8,184 $ 10,300 $ (100,238)
Weighted average common shares outstanding (basic) (in shares) 165,027 164,745 164,933 164,697
Weighted average common shares outstanding (diluted) (in shares) 165,027 164,745 164,933 164,697
Net income (loss) per common share (basic) (in dollars per share) $ (0.03) $ 0.05 $ 0.06 $ (0.61)
Net income (loss) per common share (diluted) (in dollars per share) $ (0.03) $ 0.05 $ 0.06 $ (0.61)
Revenue from contract with customer, product and service, extensible enumeration Hotels Hotels Hotels Hotels
Cost, product and service, extensible enumeration Hotels Hotels Hotels Hotels