XML 48 R34.htm IDEA: XBRL DOCUMENT v3.24.2.u1
Dispositions and Impairment Charges (Tables)
 6 Months Ended
Jun. 30, 2024
Discontinued Operations and Disposal Groups [Abstract]  
Schedule of Hotel Dispositions and Assets Held for Sale The following table includes condensed financial information for the three and six months ended June 30, 2024 and 2023 from the Company’s dispositions (in thousands):
Three Months Ended June 30,Six Months Ended June 30,
2024202320242023
Total hotel revenue
$8,577 $71,497 $39,921 $132,696 
Total hotel operating expenses(6,673)(46,160)(29,453)(89,413)
Property taxes, insurance and other(616)(3,692)(3,022)(7,262)
Depreciation and amortization(418)(8,995)(3,770)(18,452)
Total operating expenses
(7,707)(58,847)(36,245)(115,127)
Gain (loss) on consolidation of VIE and disposition of assets and hotel properties87,441 — 94,397 — 
Gain (loss) on derecognition of assets
11,725 — 145,634 — 
Operating income (loss)100,036 12,650 243,707 17,569 
Interest income— 51 43 80 
Interest expense and amortization of discounts and loan costs(1,621)(9,517)(5,588)(18,020)
Interest expense associated with hotels in receivership
(11,944)(8,493)(24,042)(15,640)
Write-off of premiums, loan costs and exit fees(850)— (838)— 
Gain (loss) on extinguishment of debt— — 45 — 
Income (loss) before income taxes85,621 (5,309)213,327 (16,011)
(Income) loss before income taxes attributable to redeemable noncontrolling interests in operating partnership(1,079)61 (2,677)165 
Net income (loss) attributable to the Company
$84,542 $(5,248)$210,650 $(15,846)