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Consolidated Statements of Operations and Comprehensive Income - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Revenues    
Total revenues $ 367,169 $ 181,055
Hotel operating expenses:    
Total hotel operating expenses 236,807 114,143
Depreciation and amortization 54,302 24,902
Real estate taxes, personal property taxes, property insurance, and ground rent 31,437 12,115
General and administrative 8,629 2,337
Transaction costs 2,497 378
(Gain) loss and other operating expenses 3,560 (4,208)
Total operating expenses 337,232 149,667
Operating income (loss) 29,937 31,388
Interest expense (29,328) (9,811)
Other 9 2,510
Income (loss) before income taxes 618 24,087
Income tax (expense) benefit 5,037 429
Net income (loss) 5,655 24,516
Net income (loss) attributable to non-controlling interests 20 107
Net income (loss) attributable to the Company 5,635 24,409
Distributions to preferred shareholders (8,139) (4,023)
Net income (loss) attributable to common shareholders $ (2,504) $ 20,386
Net income (loss) per share available to common shareholders, basic (in usd per share) $ (0.02) $ 0.29
Net income (loss) per share available to common shareholders, diluted (in usd per share) $ (0.02) $ 0.29
Weighted-average number of common shares, basic (in shares) 130,431,074 68,876,444
Weighted-average number of common shares, diluted (in shares) 130,431,074 69,208,048
Comprehensive Income:    
Net income (loss) $ 5,655 $ 24,516
Other comprehensive income (loss):    
Unrealized gain (loss) on derivative instruments (9,039) 5,278
Other 0 (579)
Comprehensive income (loss) (3,384) 29,215
Comprehensive income (loss) attributable to non-controlling interests (6) 123
Comprehensive income (loss) attributable to the Company (3,378) 29,092
Room    
Revenues    
Total revenues 248,986 122,471
Hotel operating expenses:    
Total hotel operating expenses 67,375 31,708
Food and beverage    
Revenues    
Total revenues 86,750 44,568
Hotel operating expenses:    
Total hotel operating expenses 63,357 30,596
Other    
Revenues    
Total revenues 31,433 14,016
Hotel operating expenses:    
Total hotel operating expenses $ 106,075 $ 51,839