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CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Revenues:        
Total revenues $ 305,720 $ 309,280 $ 560,573 $ 565,703
Operating Expenses:        
Depreciation and amortization 28,156 27,873 56,048 56,186
Corporate expenses 9,465 28,519 17,148 37,423
Total operating expenses 249,586 268,274 479,672 502,252
Interest expense 14,868 16,202 30,026 32,448
Interest (income) and other (income) expense, net (764) (1,195) (2,228) (2,264)
Total other expenses, net 14,104 15,007 27,798 30,184
Income before income taxes 42,030 25,999 53,103 33,267
Income tax expense (991) (1,368) (149) (278)
Net income 41,039 24,631 52,954 32,989
Less: Net income attributable to noncontrolling interests (204) (101) (262) (131)
Net income attributable to the Company 40,835 24,530 52,692 32,858
Distributions to preferred stockholders (2,454) (2,454) (4,908) (4,908)
Net income attributable to common stockholders $ 38,381 $ 22,076 $ 47,784 $ 27,950
Earnings per share:        
Earnings per share available to common stockholders—basic (in dollars per share) $ 0.19 $ 0.10 $ 0.23 $ 0.13
Earnings per share available to common stockholders—diluted (in dollars per share) $ 0.18 $ 0.10 $ 0.23 $ 0.13
Comprehensive Income:        
Net income $ 41,039 $ 24,631 $ 52,954 $ 32,989
Other comprehensive income:        
Unrealized (loss) on interest rate derivative instruments (1,293) (1,354) (3,841) (394)
Unrealized gain on Rabbi Trust assets 338 53 392 352
Amounts reclassified from other comprehensive income (11) 0 (684) 0
Comprehensive income 40,073 23,330 48,821 32,947
Comprehensive income attributable to noncontrolling interests (199) (100) (241) (134)
Comprehensive income attributable to the Company 39,874 23,230 48,580 32,813
Rooms        
Revenues:        
Total revenues 198,237 203,487 361,355 366,994
Operating Expenses:        
Total significant expenses 47,272 47,585 91,115 91,553
Food and beverage        
Revenues:        
Total revenues 78,828 78,111 145,669 146,492
Operating Expenses:        
Total significant expenses 50,548 50,717 96,965 97,956
Other        
Revenues:        
Total revenues 28,655 27,682 53,549 52,217
Operating Expenses:        
Total significant expenses 68,719 67,817 134,005 132,417
Management fees        
Operating Expenses:        
Total significant expenses 7,406 8,008 12,424 13,318
Franchise fees        
Operating Expenses:        
Total significant expenses 10,003 10,567 19,051 19,593
Other property-level expenses        
Operating Expenses:        
Total significant expenses $ 28,017 $ 27,188 $ 52,916 $ 53,806