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Consolidated Statements of Operations - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Hotel Revenues      
Revenue from customer contracts $ 367,207 $ 362,332 $ 340,810
Business interruption income 809 934 0
Expenses      
General and administrative 33,694 32,455 29,817
Sales and marketing 31,601 30,562 30,218
Property taxes, insurance, rent and other 22,918 19,973 18,061
Repairs and maintenance 12,848 12,099 11,377
Depreciation 47,611 46,137 43,729
Total Hotel Operating Expenses 299,108 293,534 279,389
Asset management fees to affiliate and other expenses 10,802 10,932 8,995
Corporate general and administrative expenses 7,623 7,464 6,403
Transaction costs 4,499 1,177 6,511
(Gain) loss on hurricane-related property damage (10) 682 2,699
Total Expenses 322,022 313,789 303,997
Operating Income 45,185 48,543 36,813
Interest expense (39,902) (40,226) (35,824)
Equity in losses of equity method investment in real estate, net (5,209) (5,819) (1,482)
Other income 965 792 155
Loss on extinguishment of debt (5) (380) (256)
Income (loss) before income taxes 1,034 2,910 (594)
Provision for income taxes (85) (3,259) (3,900)
Net Income (Loss) 949 (349) (4,494)
Income attributable to noncontrolling interests (inclusive of Available Cash Distributions to a related party of $6,262, $5,467 and $5,078, respectively) (8,567) (7,438) (991)
Net Loss Attributable to CWI 2 Stockholders (7,618) (7,787) (5,485)
Common Class A      
Expenses      
Net Loss Attributable to CWI 2 Stockholders $ (2,509) $ (2,443) $ (1,740)
Basic and diluted weighted-average shares outstanding (shares) 32,260,398 30,390,179 27,825,037
Basic and diluted income (loss) (usd per share) $ (0.08) $ (0.08) $ (0.06)
Common Class T      
Expenses      
Net Loss Attributable to CWI 2 Stockholders $ (5,109) $ (5,344) $ (3,745)
Basic and diluted weighted-average shares outstanding (shares) 60,499,745 58,842,820 54,686,084
Basic and diluted income (loss) (usd per share) $ (0.08) $ (0.09) $ (0.07)
Rooms      
Hotel Revenues      
Revenue from customer contracts $ 253,044 $ 247,099 $ 229,109
Expenses      
Costs related to sales 56,189 57,008 53,554
Food and beverage      
Hotel Revenues      
Revenue from customer contracts 92,400 93,555 92,150
Expenses      
Costs related to sales 67,857 68,132 66,337
Other operating revenue      
Hotel Revenues      
Revenue from customer contracts 20,954 20,744 19,551
Expenses      
Costs related to sales 4,612 5,292 5,674
Management fees      
Expenses      
Costs related to sales 13,046 13,014 12,148
Utilities      
Expenses      
Costs related to sales $ 8,732 $ 8,862 $ 8,474