v3.26.3
Consolidated Statements of Operations and Comprehensive Income - USD ($)
$ in Thousands
 3 Months Ended 9 Months Ended
Sep. 30, 2026
Sep. 30, 2025
Sep. 30, 2026
Sep. 30, 2025
Revenues:        
Total revenues $ 402,745 $ 398,723 $ 1,155,543 $ 1,126,526
Hotel operating expenses:        
Total hotel operating expenses 256,719 259,052 741,344 740,052
Depreciation and amortization 51,717 57,602 155,795 172,790
Real estate taxes, personal property taxes, property insurance and ground rent 32,181 35,404 97,220 102,655
General and administrative 11,712 12,062 35,651 37,792
Impairment 77,329 46,497 86,129 46,497
Business interruption insurance income and gain on insurance settlement 0 (3,874) 0 (11,419)
Other operating expenses 705 2,188 1,730 3,216
Total operating expenses 430,363 408,931 1,117,869 1,091,583
Operating income (loss) (27,618) (10,208) 37,674 34,943
Interest expense (25,949) (20,180) (78,319) (74,595)
Other, net 2,154 1,037 3,408 2,056
Income (loss) before income taxes (51,413) (29,351) (37,237) (37,596)
Income tax (expense) benefit (3,173) (3,002) (10,872) (7,652)
Net income (loss) (54,586) (32,353) (48,109) (45,248)
Net income (loss) attributable to non-controlling interests 387 714 2,559 2,710
Net income (loss) attributable to the Company (54,973) (33,067) (50,668) (47,958)
Distributions to preferred shareholders (9,725) (10,611) (30,071) (31,874)
Repurchase of preferred shares 1,617 312 8,616 312
Net income (loss) attributable to common shareholders $ (63,081) $ (43,366) $ (72,123) $ (79,520)
Net income (loss) per share available to common shareholders, basic (in usd per share) $ (0.56) $ (0.37) $ (0.64) $ (0.67)
Net income (loss) per share available to common shareholders, diluted (in usd per share) $ (0.56) $ (0.37) $ (0.64) $ (0.67)
Weighted-average number of common shares, basic (in shares) 112,170,743 117,555,628 112,743,575 118,304,722
Weighted-average number of common shares, diluted (in shares) 112,170,743 117,555,628 112,743,575 118,304,722
Room        
Revenues:        
Total revenues $ 258,253 $ 254,613 $ 732,491 $ 709,223
Hotel operating expenses:        
Total hotel operating expenses 68,344 70,434 192,695 196,689
Food and beverage        
Revenues:        
Total revenues 96,252 96,239 289,969 288,543
Hotel operating expenses:        
Total hotel operating expenses 70,632 71,011 208,477 208,237
Other operating        
Revenues:        
Total revenues 48,240 47,871 133,083 128,760
Hotel operating expenses:        
Total hotel operating expenses $ 117,743 $ 117,607 $ 340,172 $ 335,126