v3.26.1
Consolidated Statements of Operations and Comprehensive Income - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Revenues:    
Total revenues $ 345,656 $ 320,266
Hotel operating expenses:    
Total hotel operating expenses 232,088 227,214
Depreciation and amortization 51,979 57,543
Real estate taxes, personal property taxes, property insurance, and ground rent 32,791 33,273
General and administrative 12,041 13,226
Impairment 7,688 0
Business interruption insurance income 0 (4,303)
Other operating expenses 1,018 550
Total operating expenses 337,605 327,503
Operating income (loss) 8,051 (7,237)
Interest expense (26,314) (27,133)
Other, net (190) (972)
Income (loss) before income taxes (18,453) (35,342)
Income tax (expense) benefit 17 3,162
Net income (loss) (18,436) (32,180)
Net income (loss) attributable to non-controlling interests 838 767
Net income (loss) attributable to the Company (19,274) (32,947)
Distributions to preferred shareholders (10,427) (10,631)
Net income (loss) attributable to common shareholders $ (29,701) $ (43,578)
Net income (loss) per share available to common shareholders, basic (in usd per share) $ (0.26) $ (0.37)
Net income (loss) per share available to common shareholders, diluted (in usd per share) $ (0.26) $ (0.37)
Weighted-average number of common shares, basic (in shares) 113,331,501 119,204,243
Weighted-average number of common shares, diluted (in shares) 113,331,501 119,204,243
Room    
Revenues:    
Total revenues $ 214,525 $ 197,010
Hotel operating expenses:    
Total hotel operating expenses 59,515 58,523
Food and beverage    
Revenues:    
Total revenues 91,143 86,310
Hotel operating expenses:    
Total hotel operating expenses 65,459 64,568
Other operating    
Revenues:    
Total revenues 39,988 36,946
Hotel operating expenses:    
Total hotel operating expenses $ 107,114 $ 104,123