XML 16 R4.htm IDEA: XBRL DOCUMENT v3.23.1
CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Revenues:    
Hotel operating revenues $ 334,796 $ 297,406
Rental income 94,413 96,358
Total revenues 429,209 393,764
Expenses:    
Hotel operating expenses 299,566 290,343
Other operating expenses 3,905 2,269
Depreciation and amortization 100,039 104,113
General and administrative 10,911 11,989
Transaction related costs 887 1,177
Loss on asset impairment, net 0 5,500
Total expenses 415,308 415,391
Other operating income:    
Gain on sale of real estate, net 41,898 5,548
Unrealized gains (losses) on equity securities, net 49,430 (10,260)
Interest income 2,786 273
Interest expense (including amortization of debt issuance costs and debt discounts and premiums of $5,232 and $5,913, respectively) (81,580) (92,344)
Loss on early extinguishment of debt (44) 0
Income (loss) before income taxes and equity in earnings of an investee 26,391 (118,410)
Income tax benefit (expense) 3,780 (695)
Equity in losses of an investee (4,221) (717)
Net income (loss) 25,950 (119,822)
Other comprehensive income:    
Equity interest in investee’s unrealized (losses) gains (214) 4
Other comprehensive (loss) income (214) 4
Comprehensive income (loss) $ 25,736 $ (119,818)
Weighted average common shares outstanding (basic) (in shares) 164,867 164,667
Weighted average common shares outstanding (diluted) (in shares) 164,867 164,667
Net loss per common share (basic) (in dollars per share) $ 0.16 $ (0.73)
Net loss per common share (diluted) (in dollars per share) $ 0.16 $ (0.73)
Revenue from contract with customer, product and service, extensible enumeration Hotels Hotels
Cost, product and service, extensible enumeration Hotels Hotels