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Consolidated Statements of Operations and Comprehensive Income (Loss) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Sep. 30, 2021
Sep. 30, 2020
Revenues:        
Total revenue $ 277,164 $ 148,826 $ 683,281 $ 467,914
Expenses:        
Total hotel operating expense 153,953 93,762 393,103 310,845
Property taxes, insurance and other 17,927 20,523 54,936 58,820
General and administrative 13,261 6,726 29,815 22,274
Loss on impairment of depreciable real estate assets 0 0 10,754 4,382
Depreciation and amortization 44,217 50,171 139,313 149,590
Total expense 229,358 171,182 627,921 545,911
Gain on sale of real estate 44 0 3,664 8,785
Operating income (loss) 47,850 (22,356) 59,024 (69,212)
Interest and other expense, net (15,977) (18,531) (53,108) (52,483)
Income (loss) before income taxes 31,873 (40,887) 5,916 (121,695)
Income tax expense (114) (61) (309) (265)
Net income (loss) 31,759 (40,948) 5,607 (121,960)
Other comprehensive income (loss):        
Interest rate derivatives 3,426 2,739 18,152 (43,622)
Comprehensive income (loss) $ 35,185 $ (38,209) $ 23,759 $ (165,582)
Basic and diluted net income (loss) per common share $ 0.14 $ (0.18) $ 0.02 $ (0.55)
Weighted average common shares outstanding - basic and diluted (in Shares) 228,436 223,293 225,664 223,620
Room [Member]        
Revenues:        
Total revenue $ 260,415 $ 140,116 $ 640,062 $ 434,923
Food and Beverage [Member]        
Revenues:        
Total revenue 6,315 2,235 14,186 14,386
Other [Member]        
Revenues:        
Total revenue 10,434 6,475 29,033 18,605
Direct Operating [Member]        
Expenses:        
Total hotel operating expense 61,954 33,124 153,290 120,860
Hotel Administrative [Member]        
Expenses:        
Total hotel operating expense 23,126 16,625 62,408 54,079
Sales and Marketing [Member]        
Expenses:        
Total hotel operating expense 23,015 13,728 58,283 47,517
Utilities [Member]        
Expenses:        
Total hotel operating expense 11,410 9,967 31,322 25,465
Repair and Maintenance [Member]        
Expenses:        
Total hotel operating expense 12,600 8,842 34,711 26,983
Royalty [Member]        
Expenses:        
Total hotel operating expense 12,274 6,603 30,058 20,516
Management Service [Member]        
Expenses:        
Total hotel operating expense $ 9,574 $ 4,873 $ 23,031 $ 15,425