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Consolidated Statements of Operations and Comprehensive Income - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Revenues:    
Room $ 269,393 $ 206,150
Other 23,532 18,337
Total revenue 292,925 224,487
Expenses:    
Operating 75,154 56,829
Hotel administrative 24,836 18,198
Sales and marketing 24,109 18,019
Utilities 9,753 7,600
Repair and maintenance 11,916 9,084
Franchise fees 12,474 9,445
Management fees 10,212 8,037
Property taxes, insurance and other 16,927 12,452
Ground lease 2,816 2,466
General and administrative 6,754 4,828
Transaction and litigation costs 0 293
Loss on impairment of depreciable real estate assets 7,875 0
Depreciation 43,767 33,484
Total expenses 246,593 180,735
Operating income 46,332 43,752
Interest and other expense, net (11,717) (8,803)
Income before income taxes 34,615 34,949
Income tax expense (250) (263)
Net income 34,365 34,686
Other comprehensive income (loss):    
Interest rate derivatives 1,545 (6,694)
Comprehensive income $ 35,910 $ 27,992
Basic and diluted net income per common share (in Dollars per share) $ 0.15 $ 0.20
Weighted average common shares outstanding - basic and diluted (in Shares) 223,047 174,666