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Consolidated Statements of Operations and Comprehensive Income - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Revenues:    
Total revenues $ 258,068 $ 83,643
Hotel operating expenses:    
Total hotel operating expenses 174,360 72,681
Depreciation and amortization 59,100 55,443
Real estate taxes, personal property taxes, property insurance, and ground rent 30,457 28,590
General and administrative 9,708 7,646
Impairment loss 60,983 14,856
Other operating expenses 1,123 562
Total operating expenses 335,731 179,778
Operating income (loss) (77,663) (96,135)
Interest expense (22,572) (25,331)
Other 19 29
Income (loss) before income taxes (100,216) (121,437)
Income tax (expense) benefit 0 (3)
Net income (loss) (100,216) (121,440)
Net income (loss) attributable to non-controlling interests (686) (858)
Net income (loss) attributable to the Company (99,530) (120,582)
Distributions to preferred shareholders (11,344) (8,139)
Net income (loss) attributable to common shareholders $ (110,874) $ (128,721)
Net income (loss) per share available to common shareholders, basic (in usd per share) $ (0.85) $ (0.98)
Net income (loss) per share available to common shareholders, diluted (in usd per share) $ (0.85) $ (0.98)
Weighted-average number of common shares, basic (in shares) 130,904,299 130,775,873
Weighted-average number of common shares, diluted (in shares) 130,904,299 130,775,873
Comprehensive Income:    
Net income (loss) $ (100,216) $ (121,440)
Other comprehensive income (loss):    
Change in fair value of derivative instruments 27,367 9,736
Amounts reclassified from other comprehensive income 4,374 6,418
Comprehensive income (loss) (68,475) (105,286)
Comprehensive income (loss) attributable to non-controlling interests (479) (752)
Comprehensive income (loss) attributable to the Company (67,996) (104,534)
Room    
Revenues:    
Total revenues 168,632 53,463
Hotel operating expenses:    
Total hotel operating expenses 42,463 16,710
Food and beverage    
Revenues:    
Total revenues 62,424 14,809
Hotel operating expenses:    
Total hotel operating expenses 46,050 10,743
Other    
Revenues:    
Total revenues 27,012 15,371
Hotel operating expenses:    
Total hotel operating expenses $ 85,847 $ 45,228