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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
REVENUES        
Revenues $ 28,910 $ 281,639 $ 230,546 $ 842,215
OPERATING EXPENSES        
Advertising and promotion 3,895 13,285 20,447 40,998
Repairs and maintenance 6,075 10,632 21,499 31,107
Utilities 4,170 7,458 13,238 20,656
Franchise costs 663 8,606 6,337 24,024
Property tax, ground lease and insurance 20,800 21,880 59,975 62,842
Other property-level expenses 9,528 30,913 47,109 97,768
Corporate overhead 6,582 7,395 22,414 22,989
Depreciation and amortization 33,005 37,573 104,290 110,484
Impairment losses     133,466  
Total operating expenses 107,476 239,346 554,628 716,117
Interest and other income 139 3,762 2,751 13,497
Interest expense (12,742) (13,259) (43,199) (43,401)
Gain on sale of assets 189   189  
Loss on extinguishment of debt (210)   (210)  
(Loss) income before income taxes (91,190) 32,796 (364,551) 96,194
Income tax benefit (provision), net 83 749 (6,575) 1,185
NET (LOSS) INCOME (91,107) 33,545 (371,126) 97,379
Loss (income) from consolidated joint venture attributable to noncontrolling interest 1,816 (2,508) 4,436 (6,062)
Preferred stock dividends (3,208) (3,208) (9,622) (9,622)
(LOSS) INCOME ATTRIBUTABLE TO COMMON STOCKHOLDERS $ (92,499) $ 27,829 $ (376,312) $ 81,695
Basic and diluted per share amounts:        
Basic and diluted (loss) income attributable to common stockholders per common share (in dollars per share) $ (0.43) $ 0.12 $ (1.74) $ 0.36
Basic and diluted weighted average common shares outstanding (in shares) 214,257 224,530 216,498 226,369
Room        
REVENUES        
Revenues $ 16,266 $ 200,242 $ 147,535 $ 580,835
OPERATING EXPENSES        
Expenses 13,715 52,514 65,037 152,606
Food and beverage        
REVENUES        
Revenues 2,109 61,366 50,312 206,183
OPERATING EXPENSES        
Expenses 7,748 44,928 54,533 140,149
Other operating        
REVENUES        
Revenues 10,535 20,031 32,699 55,197
OPERATING EXPENSES        
Expenses $ 1,295 $ 4,162 $ 6,283 $ 12,494