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CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Revenues:    
Hotel operating revenues $ 334,963 $ 336,236
Rental income 100,216 100,014
Total revenues 435,179 436,250
Expenses:    
Hotel operating expenses 305,840 305,086
Net lease operating expenses 5,628 4,723
Depreciation and amortization 89,100 93,107
General and administrative 9,556 10,506
Transaction related costs 111 0
Loss on asset impairment 37,067 2,451
Total expenses 447,302 415,873
Gain (loss) on sale of real estate, net 746 (2,963)
Interest income 1,249 1,962
Interest expense (including amortization of debt issuance costs, discounts and premiums of $8,680 and $7,226, respectively) (101,517) (91,414)
Loss before income tax expense and equity in losses of an investee (111,645) (72,038)
Income tax expense (843) (1,007)
Equity in losses of an investee (3,947) (5,338)
Net loss (116,435) (78,383)
Other comprehensive income (loss):    
Equity interest in investee’s unrealized gains (losses) 153 (344)
Other comprehensive income (loss) 153 (344)
Comprehensive loss $ (116,282) $ (78,727)
Weighted average common shares outstanding (basic) (in shares) 165,615 165,158
Weighted average common shares outstanding (diluted) (in shares) 165,615 165,158
Net loss per common share (basic) (in dollars per share) $ (0.70) $ (0.48)
Net loss per common share (diluted) (in dollars per share) $ (0.70) $ (0.48)
Revenue from contract with customer, product and service, extensible enumeration Hotel Hotel
Cost, product and service, extensible enumeration Hotel Hotel