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CONSOLIDATED STATEMENTS OF OPERATIONS - 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        
Revenues $ 247,700 $ 244,314 $ 767,255 $ 667,909
OPERATING EXPENSES        
Advertising and promotion 12,767 12,325 39,686 34,420
Repairs and maintenance 10,060 9,382 29,112 27,369
Utilities 7,784 7,708 21,644 19,652
Franchise costs 4,278 4,145 12,756 11,429
Property tax, ground lease and insurance 21,709 19,714 60,320 53,160
Other property-level expenses 29,020 29,032 92,654 83,333
Corporate overhead 7,127 7,879 23,991 27,310
Depreciation and amortization 33,188 31,750 97,927 94,003
Total operating expenses 220,873 214,347 667,186 601,194
Interest and other income 1,218 270 6,398 4,766
Interest expense (11,894) (9,269) (34,911) (20,288)
Gain on sale of assets       22,946
Gain (loss) on extinguishment of debt, net 9 (770) 9,930 (962)
Income before income taxes 16,160 20,198 81,486 73,177
Income tax (provision) benefit, net (602) 290 (1,763) 126
Net Income 15,558 20,488 79,723 73,303
Income from consolidated joint venture attributable to noncontrolling interest       (3,477)
Preferred stock dividends (3,226) (3,351) (10,762) (10,897)
Income Attributable to Common Stockholders $ 12,332 $ 17,137 $ 68,961 $ 58,929
Basic and diluted per share amounts:        
Basic income attributable to common stockholders per common share (in dollars per share) $ 0.06 $ 0.08 $ 0.33 $ 0.27
Diluted income attributable to common stockholders per common share (in dollars per share) $ 0.06 $ 0.08 $ 0.33 $ 0.27
Basic weighted average common shares outstanding (in shares) 205,570 211,010 206,257 213,799
Diluted weighted average common shares outstanding (in shares) 205,782 211,289 206,553 213,869
Room        
REVENUES        
Revenues $ 158,467 $ 158,400 $ 484,304 $ 428,893
OPERATING EXPENSES        
Expenses 41,034 38,791 122,756 106,594
Food and beverage        
REVENUES        
Revenues 64,007 63,476 213,634 174,717
OPERATING EXPENSES        
Expenses 47,777 47,181 148,309 125,959
Other operating        
REVENUES        
Revenues 25,226 22,438 69,317 64,299
OPERATING EXPENSES        
Expenses $ 6,129 $ 6,440 $ 18,031 $ 17,965