v3.26.1
CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) - USD ($)
shares in Thousands, $ in Thousands
 3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Revenues:    
Hotel operating revenues $ 264,575 $ 334,963
Rental income 99,876 100,216
Total revenues 364,451 435,179
Expenses:    
Hotel operating expenses 242,644 305,840
Net lease operating expenses 7,440 5,628
Depreciation and amortization 75,843 89,100
General and administrative 8,796 9,556
Transaction related costs 2,509 111
Loss on asset impairment 28,095 37,067
Total expenses 365,327 447,302
Gain on sale of real estate, net 1,355 746
Interest income 943 1,249
Interest expense (including amortization of debt issuance costs, discounts and premiums of $18,849 and $8,680, respectively) (96,547) (101,517)
Loss on early extinguishment of debt, net (51,871) 0
Loss before income tax expense and equity in losses of an investee (146,996) (111,645)
Income tax expense (1,181) (843)
Equity in losses of an investee (3,001) (3,947)
Segment profit (loss) (151,178) (116,435)
Other comprehensive income:    
Equity interest in investee’s unrealized gains 14 153
Other comprehensive income 14 153
Comprehensive loss $ (151,164) $ (116,282)
Weighted average common shares outstanding (basic) (in shares) 166,395 165,615
Weighted average common shares outstanding (diluted) (in shares) 166,395 165,615
Net loss per common share (basic) (in dollars per share) $ (0.91) $ (0.70)
Net loss per common share (diluted) (in dollars per share) $ (0.91) $ (0.70)