XML 14 R4.htm IDEA: XBRL DOCUMENT v3.22.2
CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Revenues:        
Total revenues $ 281,407 $ 124,791 $ 478,240 $ 197,728
Operating Expenses:        
Depreciation and amortization 27,389 24,692 54,044 51,654
Impairment losses 0 4,145 2,843 126,697
Corporate expenses 8,726 8,290 14,759 15,449
Business interruption insurance income 0 0 (499) 0
Total operating expenses, net 217,734 136,066 400,156 370,629
Interest and other expense (income), net 606 (315) 892 (471)
Interest expense 9,675 10,710 13,794 19,194
Total other expenses, net 10,281 10,395 14,686 18,723
Income (loss) before income taxes 53,392 (21,670) 63,398 (191,624)
Income tax (expense) benefit (691) 2,551 (637) 938
Net income (loss) 52,701 (19,119) 62,761 (190,686)
Less: Net (income) loss attributable to noncontrolling interests (184) 86 (216) 806
Net income (loss) attributable to the Company 52,517 (19,033) 62,545 (189,880)
Distributions to preferred stockholders (2,454) (2,454) (4,908) (4,908)
Net income (loss) attributable to common stockholders $ 50,063 $ (21,487) $ 57,637 $ (194,788)
Earnings (loss) per share:        
Earnings (loss) per share available to common stockholders—basic (in dollars per share) $ 0.24 $ (0.10) $ 0.27 $ (0.92)
Earnings (loss) per share available to common stockholders—diluted (in dollars per share) $ 0.23 $ (0.10) $ 0.27 $ (0.92)
Rooms        
Revenues:        
Total revenues $ 193,025 $ 86,896 $ 325,195 $ 137,308
Operating Expenses:        
Operating expenses 42,645 21,466 76,475 35,294
Food and beverage        
Revenues:        
Total revenues 68,606 25,614 114,354 39,539
Operating Expenses:        
Operating expenses 43,471 19,573 76,692 31,134
Other        
Revenues:        
Total revenues 19,776 12,281 38,691 20,881
Operating Expenses:        
Operating expenses 80,498 51,874 151,007 100,809
Management fees        
Operating Expenses:        
Operating expenses 6,312 2,291 10,332 3,410
Franchise fees        
Operating Expenses:        
Operating expenses $ 8,693 $ 3,735 $ 14,503 $ 6,182