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CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Revenues:    
Total revenues $ 483,776 $ 524,908
Expenses:    
Hotel operating expenses 271,148 317,685
Other operating expenses 3,759 1,440
Depreciation and amortization 127,926 99,365
General and administrative 14,024 12,235
Loss on asset impairment 16,740 0
Total expenses 433,597 430,725
Gain (loss) on sale of real estate (6,911) 159,535
Dividend income 0 876
Unrealized gains (losses) on equity securities, net (5,045) 20,977
Interest income 262 637
Interest expense (including amortization of debt issuance costs and debt discounts and premiums of $3,288 and $2,570 respectively) (71,075) (49,766)
Income (loss) before income taxes and equity in earnings of an investee (32,590) 226,442
Income tax expense (342) (1,059)
Equity in earnings (losses) of an investee (718) 404
Net income (loss) (33,650) 225,787
Other comprehensive income (loss):    
Equity interest in investee’s unrealized gains (losses) 0 66
Other comprehensive income (loss) 0 66
Comprehensive income (loss) $ (33,650) $ 225,853
Weighted average common shares outstanding (basic) (in shares) 164,370 164,278
Weighted average common shares outstanding (diluted) (in shares) 164,370 164,322
Net income per common share (basic and diluted) (in dollars per share) $ (0.20) $ 1.37
Hotel operating revenues    
Revenues:    
Total revenues $ 383,503 $ 454,863
Rental income    
Revenues:    
Total revenues 100,072 68,673
FF&E reserve income    
Revenues:    
Total revenues $ 201 $ 1,372