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Consolidated Statements of Operations and Comprehensive Income - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Revenues:    
Total revenues $ 314,069 $ 305,719
Hotel operating expenses:    
Total hotel operating expenses 216,056 214,310
Depreciation and amortization 57,209 58,369
Real estate taxes, personal property taxes, property insurance, and ground rent 32,405 28,904
General and administrative 12,177 9,988
Gain on sale of hotel properties 0 (6,635)
Business interruption insurance income (3,980) (8,089)
Other operating expenses 1,581 3,670
Total operating expenses 315,448 300,517
Operating income (loss) (1,379) 5,202
Interest expense (26,421) (27,430)
Other 326 183
Income (loss) before income taxes (27,474) (22,045)
Income tax (expense) benefit (46) 0
Net income (loss) (27,520) (22,045)
Net income (loss) attributable to non-controlling interests 830 883
Net income (loss) attributable to the Company (28,350) (22,928)
Distributions to preferred shareholders (10,631) (10,988)
Net income (loss) attributable to common shareholders $ (38,981) $ (33,916)
Net income (loss) per share available to common shareholders, basic (in usd per share) $ (0.32) $ (0.27)
Net income (loss) per share available to common shareholders, diluted (in usd per share) $ (0.32) $ (0.27)
Weighted-average number of common shares, basic (in shares) 120,085,226 125,488,415
Weighted-average number of common shares, diluted (in shares) 120,085,226 125,488,415
Room    
Revenues:    
Total revenues $ 198,100 $ 196,374
Hotel operating expenses:    
Total hotel operating expenses 55,023 56,424
Food and beverage    
Revenues:    
Total revenues 81,095 75,763
Hotel operating expenses:    
Total hotel operating expenses 61,014 58,672
Other    
Revenues:    
Total revenues 34,874 33,582
Hotel operating expenses:    
Total hotel operating expenses $ 100,019 $ 99,214