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Segment Information
 9 Months Ended
Sep. 30, 2022
Segment Reporting [Abstract]  
Segment Information
Note 12. Segment Information
We aggregate our hotels and net lease portfolio into two reportable segments, hotel investments and net lease investments, based on their similar operating and economic characteristics.
For the Three Months Ended September 30, 2022
HotelsNet LeaseCorporateConsolidated
Revenues:    
Hotel operating revenues$400,453 $— $— $400,453 
Rental income— 97,798 — 97,798 
Total revenues400,453 97,798 — 498,251 
Expenses:    
Hotel operating expenses 318,266 — — 318,266 
Other operating expenses— 3,511 — 3,511 
Depreciation and amortization 55,780 45,734 — 101,514 
General and administrative — — 11,293 11,293 
Loss on asset impairment, net867 305 — 1,172 
Total expenses 374,913 49,550 11,293 435,756 
(Loss) gain on sale of real estate, net(188)24 — (164)
Unrealized gains on equity securities, net— — 23,056 23,056 
Interest income 6 28 1,408 1,442 
Interest expense — — (81,740)(81,740)
Income (loss) before income taxes and equity in earnings of an investee
25,358 48,300 (68,569)5,089 
Income tax expense— — (390)(390)
Equity in earnings of an investee — — 2,801 2,801 
Net income (loss)$25,358 $48,300 $(66,158)$7,500 
 For the Nine Months Ended September 30, 2022
HotelsNet LeaseCorporateConsolidated
Revenues:    
Hotel operating revenues $1,116,843 $— $— $1,116,843 
Rental income— 290,949 — 290,949 
Total revenues 1,116,843 290,949 — 1,407,792 
Expenses:    
Hotel operating expenses 933,803 — — 933,803 
Other operating expenses— 9,162 — 9,162 
Depreciation and amortization 167,821 138,326 — 306,147 
General and administrative — — 35,743 35,743 
Transaction related costs— — 1,920 1,920 
Loss on asset impairment, net9,483 237 — 9,720 
Total expenses 1,111,107 147,725 37,663 1,296,495 
Gain (loss) on sale of real estate, net44,682 (447)— 44,235 
Unrealized gains on equity securities, net— — 2,737 2,737 
Interest income 7 28 2,700 2,735 
Interest expense — — (263,904)(263,904)
Loss on early extinguishment of debt— — (791)(791)
Income (loss) before income taxes and equity in earnings of an investee50,425 142,805 (296,921)(103,691)
Income tax expense — — (1,558)(1,558)
Equity in earnings of an investee — — 4,277 4,277 
Net income (loss)$50,425 $142,805 $(294,202)$(100,972)
 As of September 30, 2022
HotelsNet LeaseCorporateConsolidated
Total assets$3,309,768 $3,473,119 $849,826 $7,632,713 
 For the Three Months Ended September 30, 2021
HotelsNet LeaseCorporateConsolidated
Revenues:    
Hotel operating revenues $338,375 $— $— $338,375 
Rental income— 98,724 — 98,724 
Total revenues 338,375 98,724 — 437,099 
Expenses:    
Hotel operating expenses 285,233 — — 285,233 
Other operating expenses— 4,437 — 4,437 
Depreciation and amortization 66,065 58,098 — 124,163 
General and administrative — — 14,231 14,231 
Transition related costs— — 3,149 3,149 
Total expenses 351,298 62,535 17,380 431,213 
Gain on sale of real estate, net— 94 — 94 
Unrealized gain on equity securities, net— — 24,348 24,348 
Interest income — — 203 203 
Interest expense — — (92,458)(92,458)
Income (loss) before income taxes and equity in earnings of an investee(12,923)36,283 (85,287)(61,927)
Income tax benefit— — 55 55 
Equity in earnings of an investee — — 2,158 2,158 
Net income (loss)$(12,923)$36,283 $(83,074)$(59,714)
 For the Nine Months Ended September 30, 2021
HotelsNet LeaseCorporateConsolidated
Revenues:    
Hotel operating revenues $787,463 $— $— $787,463 
Rental income700 286,042 — 286,742 
Total revenues 788,163 286,042 — 1,074,205 
Expenses:    
Hotel operating expenses 723,769 — — 723,769 
Other operating expenses— 11,758 — 11,758 
Depreciation and amortization 200,772 169,436 — 370,208 
General and administrative — — 40,840 40,840 
Transition costs23,159 — 5,775 28,934 
Loss on asset impairment— 2,110 — 2,110 
Total expenses 947,700 183,304 46,615 1,177,619 
Gain on sale of real estate, net10,813 121 — 10,934 
Unrealized gain on equity securities, net— — 20,367 20,367 
Interest income — — 485 485 
Interest expense — — (273,227)(273,227)
Income (loss) before income taxes and equity in earnings of an investee(148,724)102,859 (298,990)(344,855)
Income tax expense— — (1,009)(1,009)
Equity in earnings of an investee — — 50 50 
Net income (loss)$(148,724)$102,859 $(299,949)$(345,814)
 As of December 31, 2021
HotelsNet LeaseCorporateConsolidated
Total assets$4,487,101 $3,580,095 $1,086,119 `$9,153,315