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Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Total revenue $ 60,209 $ 75,679
Total hotel operating expenses 36,341 41,826
Depreciation and amortization 13,061 12,772
Impairment loss on investment in unconsolidated real estate entities 15,282 0
Property taxes, ground rent and insurance 6,099 6,166
General and administrative 2,765 3,514
Other charges 2,768 17
Reimbursable costs from unconsolidated real estate entities 1,580 1,491
Total operating expenses 77,896 65,786
Operating (loss) income before gain on sale of hotel property (17,687) 9,893
Gain on sale of hotel property 1 0
Operating (loss) income (17,686) 9,893
Interest and other income 81 55
Interest expense, including amortization of deferred fees (6,833) (7,197)
Loss from unconsolidated real estate entities (3,673) (1,123)
(Loss) income before income tax expense (28,111) 1,628
Income tax expense 0 0
Net (loss) income (28,111) 1,628
Net (loss) income attributable to noncontrolling interests 328 (15)
Net (loss) income attributable to common shareholders $ (27,783) $ 1,613
(Loss) income per Common Share - Basic:    
Net income (loss) attributable to common shareholders (Note 11) (in dollars per share) $ (0.59) $ 0.03
(Loss) income per Common Share - Diluted:    
Net income (loss) attributable to common shareholders (Note 11) (in dollars per share) $ (0.59) $ 0.03
Weighted average number of common shares outstanding:    
Basic (in shares) 46,948,533 46,556,710
Diluted (in shares) 46,948,533 46,734,958
Distributions declared per common share (in dollars per share) $ 0.22 $ 0.33
Room    
Total revenue $ 53,048 $ 68,085
Total hotel operating expenses 13,394 15,570
Food and beverage    
Total revenue 2,063 2,427
Total hotel operating expenses 1,889 2,009
Other    
Total revenue 3,518 3,676
Reimbursable costs from unconsolidated real estate entities    
Total revenue 1,580 1,491
Telephone    
Total hotel operating expenses 378 433
Other hotel operating    
Total hotel operating expenses 810 939
General and administrative    
Total hotel operating expenses 5,278 6,167
Franchise and marketing fees    
Total hotel operating expenses 4,720 5,932
Advertising and promotions    
Total hotel operating expenses 1,510 1,533
Utilities    
Total hotel operating expenses 2,516 2,750
Repairs and maintenance    
Total hotel operating expenses 3,462 3,611
Management fees    
Total hotel operating expenses 2,024 2,544
Insurance    
Total hotel operating expenses $ 360 $ 338