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CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Revenues:        
Hotel operating revenues $ 404,405 $ 412,486 $ 739,368 $ 748,722
Rental income 99,031 100,462 199,247 200,476
Total revenues 503,436 512,948 938,615 949,198
Expenses:        
Hotel operating expenses 328,913 328,247 634,753 633,333
Net lease operating expenses 5,439 4,958 11,067 9,681
Depreciation and amortization 75,030 95,674 164,130 188,781
General and administrative 10,218 10,681 19,774 21,187
Transaction related costs 1,345 0 1,456 0
Loss on asset impairment 17,654 34,887 54,721 37,338
Total expenses 438,599 474,447 885,901 890,320
(Loss) gain on sale of real estate, net (156) (32) 590 (2,995)
Interest income 822 819 2,071 2,781
Interest expense (including amortization of debt issuance costs, discounts and premiums of $9,900, $7,466, $18,580 and $14,692, respectively) (102,679) (93,850) (204,196) (185,264)
Loss on early extinguishment of debt, net 0 (16,048) 0 (16,048)
Loss before income tax expense and equity in losses of an investee (37,176) (70,610) (148,821) (142,648)
Income tax expense (457) (524) (1,300) (1,531)
Equity in losses of an investee (526) (2,716) (4,473) (8,054)
Net loss (38,159) (73,850) (154,594) (152,233)
Other comprehensive income (loss):        
Equity interest in investee’s unrealized gains (losses) 155 (192) 308 (536)
Other comprehensive income (loss) 155 (192) 308 (536)
Comprehensive loss $ (38,004) $ (74,042) $ (154,286) $ (152,769)
Weighted average common shares outstanding (basic) (in shares) 165,743 165,198 165,679 165,178
Weighted average common shares outstanding (diluted) (in shares) 165,743 165,198 165,679 165,178
Net loss per common share (basic) (in dollars per share) $ (0.23) $ (0.45) $ (0.93) $ (0.92)
Net loss per common share (diluted) (in dollars per share) $ (0.23) $ (0.45) $ (0.93) $ (0.92)
Revenue from contract with customer, product and service, extensible enumeration Hotel Hotel Hotel Hotel
Cost, product and service, extensible enumeration Hotel Hotel Hotel Hotel