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Consolidated Statements of Operations and Comprehensive Income - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Revenues    
Total revenues $ 269,107 $ 367,169
Hotel operating expenses:    
Total hotel operating expenses 201,454 236,807
Depreciation and amortization 55,828 54,302
Real estate taxes, personal property taxes, property insurance, and ground rent 29,766 31,437
General and administrative 22,613 11,126
Impairment loss 20,570 0
(Gain) loss on sale of hotel properties (117,448) 0
(Gain) loss and other operating expenses 1,433 3,560
Total operating expenses 214,216 337,232
Operating income (loss) 54,891 29,937
Interest expense (23,591) (29,328)
Other 24 9
Income (loss) before income taxes 31,324 618
Income tax (expense) benefit 10,744 5,037
Net income (loss) 42,068 5,655
Net income (loss) attributable to non-controlling interests 119 20
Net income (loss) attributable to the Company 41,949 5,635
Distributions to preferred shareholders (8,139) (8,139)
Net income (loss) attributable to common shareholders $ 33,810 $ (2,504)
Net income (loss) per share available to common shareholders, basic (in usd per share) $ 0.26 $ (0.02)
Net income (loss) per share available to common shareholders, diluted (in usd per share) $ 0.26 $ (0.02)
Weighted-average number of common shares, basic (in shares) 130,555,846 130,431,074
Weighted-average number of common shares, diluted (in shares) 130,678,908 130,431,074
Comprehensive Income:    
Net income (loss) $ 42,068 $ 5,655
Other comprehensive income (loss):    
Unrealized gain (loss) on derivative instruments (54,265) (9,039)
Comprehensive income (loss) (12,197) (3,384)
Comprehensive income (loss) attributable to non-controlling interests (35) (6)
Comprehensive income (loss) attributable to the Company (12,162) (3,378)
Room    
Revenues    
Total revenues 177,141 248,986
Hotel operating expenses:    
Total hotel operating expenses 54,125 67,375
Food and beverage    
Revenues    
Total revenues 67,092 86,750
Hotel operating expenses:    
Total hotel operating expenses 51,859 63,357
Other    
Revenues    
Total revenues 24,874 31,433
Hotel operating expenses:    
Total hotel operating expenses $ 95,470 $ 106,075