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Consolidated Statements of Operations and Comprehensive Income - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Revenues:      
Total revenue $ 1,266,597 $ 1,270,555 $ 1,238,622
Hotel operating expense:      
Hotel operating expense 724,416 715,934 697,402
Property taxes, insurance and other 75,840 74,640 69,391
Operating ground lease 1,658 11,364 11,313
General and administrative 36,210 24,294 26,341
Loss on impairment of depreciable real estate assets 6,467 3,135 45,875
Depreciation and amortization 193,240 183,482 176,499
Transaction and litigation costs (reimbursements) 0 0 (2,586)
Total expense 1,037,831 1,012,849 1,024,235
Gain on sale of real estate 5,021 152 16,295
Operating income 233,787 257,858 230,682
Interest and other expense, net (61,191) (51,185) (47,343)
Income before income taxes 172,596 206,673 183,339
Income tax expense (679) (587) (847)
Net income 171,917 206,086 182,492
Other comprehensive income (loss):      
Interest rate derivatives (14,704) 228 5,189
Comprehensive income $ 157,213 $ 206,314 $ 187,681
Basic and diluted net income per common share (in Dollars per share) $ 0.77 $ 0.90 $ 0.82
Weighted average common shares outstanding - basic and diluted (in Shares) 223,910 229,659 223,526
Occupancy [Member]      
Revenues:      
Total revenue $ 1,167,203 $ 1,172,331 $ 1,143,987
Food and Beverage [Member]      
Revenues:      
Total revenue 59,815 62,600 66,030
Hotel, Other [Member]      
Revenues:      
Total revenue 39,579 35,624 28,605
Direct Operating [Member]      
Hotel operating expense:      
Hotel operating expense 312,449 315,363 310,756
Hotel Administrative [Member]      
Hotel operating expense:      
Hotel operating expense 103,895 102,019 99,745
Sales and Marketing [Member]      
Hotel operating expense:      
Hotel operating expense 116,089 105,834 100,877
Public Utilities [Member]      
Hotel operating expense:      
Hotel operating expense 40,598 42,474 41,909
Repair and Maintenance [Member]      
Hotel operating expense:      
Hotel operating expense 52,695 51,813 48,463
Royalty [Member]      
Hotel operating expense:      
Hotel operating expense 54,862 54,494 52,930
Management Service [Member]      
Hotel operating expense:      
Hotel operating expense $ 43,828 $ 43,937 $ 42,722