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Consolidated Statements of Operations and Comprehensive Income - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Revenues:    
Total revenues $ 320,266 $ 314,069
Hotel operating expenses:    
Total hotel operating expenses 227,214 216,056
Depreciation and amortization 57,543 57,209
Real estate taxes, personal property taxes, property insurance, and ground rent 33,273 32,405
General and administrative 13,226 12,177
Business interruption insurance income (4,303) (3,980)
Other operating expenses 550 1,581
Total operating expenses 327,503 315,448
Operating income (loss) (7,237) (1,379)
Interest expense (27,133) (26,421)
Other (972) 326
Income (loss) before income taxes (35,342) (27,474)
Income tax (expense) benefit 3,162 (46)
Net income (loss) (32,180) (27,520)
Net income (loss) attributable to non-controlling interests 767 830
Net income (loss) attributable to the Company (32,947) (28,350)
Distributions to preferred shareholders (10,631) (10,631)
Net income (loss) attributable to common shareholders $ (43,578) $ (38,981)
Net income (loss) per share available to common shareholders, basic (in usd per share) $ (0.37) $ (0.32)
Net income (loss) per share available to common shareholders, diluted (in usd per share) $ (0.37) $ (0.32)
Weighted-average number of common shares, basic (in shares) 119,204,243 120,085,226
Weighted-average number of common shares, diluted (in shares) 119,204,243 120,085,226
Room    
Revenues:    
Total revenues $ 197,010 $ 198,100
Hotel operating expenses:    
Total hotel operating expenses 58,523 55,023
Food and beverage    
Revenues:    
Total revenues 86,310 81,095
Hotel operating expenses:    
Total hotel operating expenses 64,568 61,014
Other    
Revenues:    
Total revenues 36,946 34,874
Hotel operating expenses:    
Total hotel operating expenses $ 104,123 $ 100,019