Selected Quarterly Financial Data (Unaudited) (Tables)

12 Months Ended

Dec. 31, 2021

Quarterly Financial Information Disclosure [Abstract]

Summary of the Quarterly Results of Operations

The following is a summary of the quarterly results of operations for the years ended December 31, 2021 and 2020 (in thousands, except per share data):


	First Quarter			Second Quarter			Third Quarter			Fourth Quarter			Full Year
2021
Total revenue	$	115,830		$	193,412		$	247,434		$	248,735		$	805,411
Total operating expenses	185,803			229,411			252,442			264,371			932,027
Gain (loss) on disposition of assets and hotel properties	(69)			361			103			1,054			1,449
Operating income (loss)	$	(70,042)		$	(35,638)		$	(4,905)		$	(14,582)		$	(125,167)
Net income (loss)	$	(105,390)		$	(65,261)		$	(44,049)		$	(56,348)		$	(271,048)
Net income (loss) attributable to the Company	$	(103,038)		$	(64,292)		$	(43,692)		$	(55,983)		$	(267,005)
Net income (loss) attributable to common stockholders	$	(91,585)		$	(69,470)		$	(47,520)		$	(59,289)		$	(267,864)
Diluted income (loss) attributable to common stockholders per share	$	(11.01)	(2)	$	(4.35)		$	(1.70)		$	(1.75)		$	(12.43)	(1)
Weighted average diluted common shares	8,305		(2)	15,957			28,033			33,802			21,844
2020
Total revenue	$	281,877		$	43,065		$	93,043		$	90,253		$	508,238
Total operating expenses	334,936			194,800			217,198			189,991			936,925
Gain (loss) on disposition of assets and hotel properties	3,623			(6)			(40,370)			73			(36,680)
Operating income (loss)	$	(49,436)		$	(151,741)		$	(164,525)		$	(99,665)		$	(465,367)
Net income (loss)	$	(101,920)		$	(242,086)		$	(151,626)		$	(137,590)		$	(633,222)
Net income (loss) attributable to the Company	$	(84,201)		$	(204,616)		$	(129,281)		$	(125,778)		$	(543,876)
Net income (loss) attributable to common stockholders	$	(94,845)		$	(215,260)		$	(139,925)		$	(70,486)		$	(520,516)
Diluted income (loss) attributable to common stockholders per share	$	(94.03)	(2)	$	(208.53)	(2)	$	(118.91)	(2)	$	(22.92)	(2)	$	(329.97)	(1) (2)
Weighted average diluted common shares	1,005		(2)	1,031		(2)	1,177		(2)	3,075		(2)	1,576		(2)

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(1) The sum of the diluted income (loss) attributable to common stockholders per share for the four quarters in 2021 and 2020 differs from the annual diluted income (loss) attributable to common stockholders per share due to the required method of computing the weighted average diluted common shares in the respective periods.

(2) Amounts have been revised for the effects of the 1-for-10 reverse stock split. See note 1.