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Segment Information (Tables)

9 Months Ended

Sep. 30, 2022

Segment Reporting [Abstract]

Schedule of segment information

						For the Three Months Ended September 30, 2022
						Hotels						Net Lease						Corporate						Consolidated
Revenues:
Hotel operating revenues						$	400,453					$	—					$	—					$	400,453
Rental income						—						97,798						—						97,798
Total revenues						400,453						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, net						867						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
						Hotels						Net Lease						Corporate						Consolidated
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, net						9,483						237						—						9,720
Total expenses						1,111,107						147,725						37,663						1,296,495
Gain (loss) on sale of real estate, net						44,682						(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 investee						50,425						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
						Hotels						Net Lease						Corporate						Consolidated
Total assets						$	3,309,768					$	3,473,119					$	849,826					$	7,632,713

						For the Three Months Ended September 30, 2021
						Hotels						Net Lease						Corporate						Consolidated
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
						Hotels						Net Lease						Corporate						Consolidated
Revenues:
Hotel operating revenues						$	787,463					$	—					$	—					$	787,463
Rental income						700						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 costs						23,159						—						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, net						10,813						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
						Hotels						Net Lease						Corporate						Consolidated
Total assets						$	4,487,101					$	3,580,095					$	1,086,119		`			$	9,153,315

X

- Definition

Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 22
-URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8736-108599

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 25
-URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8813-108599

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
-SubTopic 20
-Section 50
-Paragraph 1
-URI https://asc.fasb.org/extlink&oid=121556970&loc=d3e13816-109267

Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 30
-URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8906-108599

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