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CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Revenues:    
Total revenues $ 256,423 $ 243,553
Operating Expenses:    
Depreciation and amortization 28,313 27,472
Corporate expenses 8,904 7,867
Total operating expenses, net 233,978 217,842
Interest expense 16,246 17,172
Interest (income) and other (income) expense, net (1,069) (423)
Total other expenses, net 15,177 16,749
Income before income taxes 7,268 8,962
Income tax benefit 1,090 226
Net income 8,358 9,188
Less: Net income attributable to noncontrolling interests (30) (32)
Net income attributable to the Company 8,328 9,156
Distributions to preferred stockholders (2,454) (2,454)
Net income attributable to common stockholders $ 5,874 $ 6,702
Earnings per share:    
Earnings per share available to common stockholders—basic (in dollars per share) $ 0.03 $ 0.03
Earnings per share available to common stockholders—diluted (in dollars per share) $ 0.03 $ 0.03
Comprehensive Income:    
Net income $ 8,358 $ 9,188
Other comprehensive income:    
Unrealized gain (loss) on interest rate derivative instruments 960 (84)
Unrealized gain on Rabbi Trust assets 299 237
Comprehensive income 9,617 9,341
Comprehensive income attributable to noncontrolling interests (34) (32)
Comprehensive income attributable to the Company 9,583 9,309
Rooms    
Revenues:    
Total revenues 163,507 160,673
Operating Expenses:    
Operating expenses 43,968 40,203
Food and beverage    
Revenues:    
Total revenues 68,381 59,777
Operating Expenses:    
Operating expenses 47,239 43,150
Other    
Revenues:    
Total revenues 24,535 23,103
Operating Expenses:    
Operating expenses 64,600 61,968
Management fees    
Operating Expenses:    
Operating expenses 5,310 4,988
Franchise fees    
Operating Expenses:    
Operating expenses 9,026 8,077
Other property-level expenses    
Operating Expenses:    
Operating expenses $ 26,618 $ 24,117