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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
 3 Months Ended 9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Sep. 30, 2021
Sep. 30, 2020
REVENUE        
Total revenue $ 247,434 $ 93,043 $ 556,676 $ 417,985
Hotel operating expenses:        
Total hotel expenses 172,342 83,150 398,321 351,415
Property taxes, insurance and other 17,222 20,876 51,821 62,048
Depreciation and amortization 53,069 62,909 166,291 194,275
Impairment charges 0 29,926 0 85,144
Advisory services fee 7,395 12,333 39,110 37,848
Corporate, general and administrative 2,414 8,004 12,113 16,204
Total expenses 252,442 217,198 667,656 746,934
Gain (loss) on disposition of assets and hotel properties 103 (40,370) 395 (36,753)
OPERATING INCOME (LOSS) (4,905) (164,525) (110,585) (365,702)
Equity in earnings (loss) of unconsolidated entities (145) (121) (423) (279)
Interest income 124 12 137 664
Other income (expense) 208 (6,179) 682 (7,806)
Interest expense and amortization of discounts and loan costs (43,003) (66,994) (112,003) (212,161)
Write-off of premiums, loan costs and exit fees (1,034) (9,469) (5,200) (11,499)
Gain (loss) on extinguishment of debt 1,292 90,325 11,896 90,325
Unrealized gain (loss) on marketable securities 0 (758) 0 (1,756)
Unrealized gain (loss) on derivatives 6,029 6,449 3,712 11,063
INCOME (LOSS) BEFORE INCOME TAXES (41,434) (151,260) (211,784) (497,151)
Income tax (expense) benefit (2,615) (366) (2,916) 1,519
NET INCOME (LOSS) (44,049) (151,626) (214,700) (495,632)
(Income) loss attributable to noncontrolling interest in consolidated entities (10) 72 84 240
Net (income) loss attributable to redeemable noncontrolling interests in operating partnership 367 22,273 3,594 77,294
NET INCOME (LOSS) ATTRIBUTABLE TO THE COMPANY (43,692) (129,281) (211,022) (418,098)
Preferred dividends (2,039) (10,644) 1,488 (31,932)
Gain (loss) on extinguishment of preferred stock (1,789) 0 959 0
NET INCOME (LOSS) ATTRIBUTABLE TO COMMON STOCKHOLDERS $ (47,520) $ (139,925) $ (208,575) $ (450,030)
Basic:        
Net income (loss) attributable to common stockholders (in dollars per share) $ (1.70) $ (118.91) $ (11.89) $ (419.19)
Weighted average common shares outstanding – basic (in shares) 28,033 1,177 17,520 1,072
Diluted:        
Net income (loss) attributable to common stockholders (in dollars per share) $ (1.70) $ (118.91) $ (11.89) $ (419.19)
Weighted average common shares outstanding – diluted (in shares) 28,033 1,177 17,520 1,072
Total hotel revenue        
REVENUE        
Total revenue $ 246,807 $ 92,710 $ 555,109 $ 416,604
Rooms        
REVENUE        
Total revenue 202,119 79,599 459,264 332,845
Hotel operating expenses:        
Total hotel expenses 48,035 19,752 109,095 84,860
Food and beverage        
REVENUE        
Total revenue 29,744 5,000 57,487 54,147
Hotel operating expenses:        
Total hotel expenses 22,750 4,904 42,860 43,268
Other hotel        
REVENUE        
Total revenue 14,944 8,111 38,358 29,612
Hotel operating expenses:        
Total hotel expenses 92,581 53,424 224,422 203,279
Other        
REVENUE        
Total revenue 627 333 1,567 1,381
Management fees        
Hotel operating expenses:        
Total hotel expenses $ 8,976 $ 5,070 $ 21,944 $ 20,008