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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
REVENUES        
Revenues $ 226,392 $ 247,700 $ 691,039 $ 767,255
OPERATING EXPENSES        
Advertising and promotion 13,220 12,767 38,326 39,686
Repairs and maintenance 9,094 10,060 26,783 29,112
Utilities 7,670 7,784 19,909 21,644
Franchise costs 4,711 4,278 13,735 12,756
Property tax, ground lease and insurance 19,777 21,709 58,686 60,320
Other property-level expenses 26,702 29,020 82,445 92,654
Corporate overhead 7,577 7,127 23,263 23,991
Depreciation and amortization 31,689 33,188 91,841 97,927
Total operating expenses 209,994 220,873 621,833 667,186
Interest and other income 2,350 1,218 11,306 6,398
Interest expense (15,982) (11,894) (39,685) (34,911)
Gain on sale of assets, net     457  
Gain on extinguishment of debt, net   9 59 9,930
Income before income taxes 2,766 16,160 41,343 81,486
Current income tax benefit (provision), net 483 (602) 1,083 (1,763)
Net Income 3,249 15,558 42,426 79,723
Preferred stock dividends (3,931) (3,226) (11,297) (10,762)
(Loss) income attributable to common stockholders $ (682) $ 12,332 $ 31,129 $ 68,961
Basic and diluted per share amounts:        
Basic income attributable to common stockholders per common share (in dollars per share) $ 0.00 $ 0.06 $ 0.15 $ 0.33
Diluted income attributable to common stockholders per common share (in dollars per share) $ 0.00 $ 0.06 $ 0.15 $ 0.33
Basic weighted average common shares outstanding (in shares) 201,402 205,570 202,261 206,257
Diluted weighted average common shares outstanding (in shares) 201,402 205,782 202,857 206,553
Room        
REVENUES        
Revenues $ 138,759 $ 158,467 $ 425,870 $ 484,304
OPERATING EXPENSES        
Expenses 37,453 41,034 110,349 122,756
Food and beverage        
REVENUES        
Revenues 63,866 64,007 196,572 213,634
OPERATING EXPENSES        
Expenses 46,286 47,777 138,343 148,309
Other operating        
REVENUES        
Revenues 23,767 25,226 68,597 69,317
OPERATING EXPENSES        
Expenses $ 5,815 $ 6,129 $ 18,153 $ 18,031