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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
REVENUES        
Revenues $ 244,314 $ 167,421 $ 667,909 $ 335,264
OPERATING EXPENSES        
Advertising and promotion 12,325 8,883 34,420 20,800
Repairs and maintenance 9,382 10,001 27,369 22,678
Utilities 7,708 6,164 19,652 14,998
Franchise costs 4,145 4,181 11,429 7,468
Property tax, ground lease and insurance 19,714 17,528 53,160 47,821
Other property-level expenses 29,032 21,633 83,333 48,177
Corporate overhead 7,879 15,422 27,310 32,066
Depreciation and amortization 31,750 32,585 94,003 96,084
Impairment loss   1,014   1,014
Total operating expenses 214,347 181,600 601,194 416,820
Interest and other income (loss) 270 2 4,766 (356)
Interest expense (9,269) (7,983) (20,288) (23,697)
Gain on sale of assets     22,946  
(Loss) gain on extinguishment of debt, net (770) 61 (962) 371
Income (loss) before income taxes 20,198 (22,099) 73,177 (105,238)
Income tax benefit (provision), net 290 (25) 126 (91)
NET INCOME (LOSS) 20,488 (22,124) 73,303 (105,329)
(Income) loss from consolidated joint venture attributable to noncontrolling interest   (933) (3,477) 1,638
Preferred stock dividends and redemption charges (3,351) (6,287) (10,897) (17,289)
INCOME (LOSS) ATTRIBUTABLE TO COMMON STOCKHOLDERS $ 17,137 $ (29,344) $ 58,929 $ (120,980)
Basic and diluted per share amounts:        
Basic income (loss) attributable to common stockholders per common share (in dollars per share) $ 0.08 $ (0.13) $ 0.27 $ (0.56)
Diluted income (loss) attributable to common stockholders per common share (in dollars per share) $ 0.08 $ (0.13) $ 0.27 $ (0.56)
Basic weighted average common shares outstanding (in shares) 211,010 217,709 213,799 215,765
Diluted weighted average common shares outstanding (in shares) 211,289 217,709 213,869 215,765
Room        
REVENUES        
Revenues $ 158,400 $ 118,061 $ 428,893 $ 236,877
OPERATING EXPENSES        
Expenses 38,791 32,106 106,594 66,692
Food and beverage        
REVENUES        
Revenues 63,476 27,338 174,717 47,547
OPERATING EXPENSES        
Expenses 47,181 27,440 125,959 49,088
Other operating        
REVENUES        
Revenues 22,438 22,022 64,299 50,840
OPERATING EXPENSES        
Expenses $ 6,440 $ 4,643 $ 17,965 $ 9,934