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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
REVENUES        
Revenues $ 10,424 $ 302,896 $ 201,636 $ 560,576
OPERATING EXPENSES        
Advertising and promotion 4,090 14,149 16,552 27,713
Repairs and maintenance 5,375 10,193 15,424 20,475
Utilities 3,226 6,533 9,068 13,198
Franchise costs 338 8,579 5,674 15,418
Property tax, ground lease and insurance 19,124 20,614 39,175 40,962
Other property-level expenses 8,736 34,015 37,581 66,855
Corporate overhead 8,438 8,078 15,832 15,594
Depreciation and amortization 34,539 36,524 71,285 72,911
Impairment losses 18,100   133,466  
Total operating expenses 115,292 243,297 447,152 476,771
Interest and other income 306 4,811 2,612 9,735
Interest expense (12,950) (15,816) (30,457) (30,142)
(Loss) income before income taxes (117,512) 48,594 (273,361) 63,398
Income tax benefit (provision), net 12 (2,676) (6,658) 436
NET (LOSS) INCOME (117,500) 45,918 (280,019) 63,834
Loss (income) from consolidated joint venture attributable to noncontrolling interest 2,162 (1,955) 2,620 (3,554)
Preferred stock dividends (3,207) (3,207) (6,414) (6,414)
(LOSS) INCOME ATTRIBUTABLE TO COMMON STOCKHOLDERS $ (118,545) $ 40,756 $ (283,813) $ 53,866
Basic and diluted per share amounts:        
Basic and diluted (loss) income attributable to common stockholders per common share (in dollars per share) $ (0.55) $ 0.18 $ (1.30) $ 0.24
Basic and diluted weighted average common shares outstanding (in shares) 214,225 227,389 217,631 227,305
Room        
REVENUES        
Revenues $ 3,869 $ 208,735 $ 131,269 $ 380,593
OPERATING EXPENSES        
Expenses 7,077 51,846 51,322 100,092
Food and beverage        
REVENUES        
Revenues 213 75,704 48,203 144,817
OPERATING EXPENSES        
Expenses 5,025 48,399 46,785 95,221
Other operating        
REVENUES        
Revenues 6,342 18,457 22,164 35,166
OPERATING EXPENSES        
Expenses $ 1,224 $ 4,367 $ 4,988 $ 8,332