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Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2016
Mar. 31, 2015
Hotel Revenues    
Rooms $ 106,109 $ 76,107
Food and beverage 37,000 23,832
Other operating revenue 12,250 9,848
Total Hotel Revenues 155,359 109,787
Hotel Expenses    
Rooms 22,578 17,191
Food and beverage 26,690 17,027
Other hotel operating expenses 7,021 5,279
Sales and marketing 14,948 11,585
General and administrative 13,544 9,606
Property taxes, insurance, rent and other 17,508 11,530
Repairs and maintenance 5,120 4,489
Utilities 3,874 3,378
Management fees 5,525 2,628
Depreciation and amortization 19,600 14,300
Total Hotel Expenses 136,408 97,013
Other Operating Expense    
Asset management fees to affiliate and other expenses 3,772 2,569
Acquisition-related expenses 3,727 6,388
Corporate general and administrative expenses 3,394 2,986
Total Other Operating Expenses 10,893 11,943
Operating Income 8,058 831
Other Income and (Expenses)    
Interest expense (16,017) (11,495)
Equity in earnings of equity method investments in real estate 2,302 660
Loss on extinguishment of debt (Note 9) (1,064) (147)
Other income 5 11
Other (Expenses) and Income, Total (14,774) (10,971)
Loss from Operations Before Income Taxes (6,716) (10,140)
Benefit from (provision for) income taxes 1,171 (1,011)
Net Loss (5,545) (11,151)
Income attributable to noncontrolling interests (inclusive of Available Cash Distributions to a related party of $2,507 and $1,847, respectively) (5,371) (803)
Net Loss Attributable to CWI Stockholders $ (10,916) $ (11,954)
Basic and Diluted Loss Per Share (usd per share) $ (0.08) $ (0.09)
Basic and Diluted Weighted-Average Shares Outstanding (shares) 133,622,187 129,842,946
Distributions declared (per share) $ 0.1425 $ 0.1375