| Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 | Dec'09 | Dec'08 |
|---|---|---|---|---|---|---|---|---|---|---|---|
Revenues: | |||||||||||
Total revenues | |||||||||||
938,091 | 863,704 | 870,005 | 896,558 | 930,990 | 872,862 | 799,688 | 726,887 | 600,083 | 523,895 | 493,642 | 693,234 |
Operating Expenses: | |||||||||||
Cost, Depreciation and Amortization | |||||||||||
118,110 | 104,524 | 99,090 | 97,444 | 101,143 | 99,650 | 103,895 | 97,004 | 82,187 | 74,590 | 71,017 | 78,156 |
Impairment losses | |||||||||||
0 | 0 | 3,209 | 0 | 10,461 | 0 | 0 | 30,844 | 0 | 0 | 2,542 | 695 |
Hotel acquisition costs | |||||||||||
0 | 0 | 2,028 | 0 | 949 | 2,177 | 0 | 10,591 | 2,521 | 1,436 | 0 | - |
Corporate expenses | |||||||||||
28,231 | 28,563 | 26,711 | 23,629 | 24,061 | 22,267 | 23,072 | 21,095 | 21,247 | 16,384 | 18,317 | 13,987 |
Business interruption insurance income | |||||||||||
8,822 | 19,379 | 4,051 | 0 | 0 | - | - | - | - | - | - | - |
Gain on property insurance settlement | |||||||||||
144,200 | 1,724 | 0 | 0 | - | - | - | - | - | - | - | - |
Gain on insurance proceeds | |||||||||||
- | - | - | - | - | 1,825 | 0 | 0 | - | - | - | - |
Gain on litigation settlement, net | |||||||||||
- | - | - | - | - | 10,999 | 0 | 0 | - | - | - | - |
Total operating expenses, net | |||||||||||
684,092 | 733,643 | 730,222 | 739,088 | 785,716 | 735,395 | 724,530 | 698,433 | 562,206 | 498,310 | 483,675 | 600,925 |
Interest and other expense (income), net | |||||||||||
- | - | - | - | - | - | 0 | - | - | - | - | - |
Operating profit | |||||||||||
- | - | - | - | 145,274 | 137,467 | 75,158 | 28,454 | 37,877 | 25,585 | 9,967 | 92,309 |
Other Expenses (Income): | |||||||||||
Interest and other income, net | |||||||||||
1,197 | 1,806 | 1,820 | 762 | 688 | 3,027 | 6,328 | 305 | 612 | 783 | 342 | 1,648 |
Interest expense | |||||||||||
46,584 | 40,970 | 38,481 | 41,735 | 52,684 | 58,278 | 57,279 | 53,771 | 45,406 | 35,425 | 40,400 | 50,404 |
Gain on repayment of note receivable | |||||||||||
- | - | - | - | 3,927 | 13,550 | 0 | 0 | - | - | - | - |
Loss on sales of hotel properties, net | |||||||||||
0 | 0 | -764 | 10,698 | 0 | 50,969 | 0 | 0 | - | - | - | - |
Gain on hotel property acquisition | |||||||||||
- | - | - | - | - | 23,894 | 0 | 0 | - | - | - | - |
Loss on early extinguishment of debt | |||||||||||
-2,400 | 0 | -274 | 0 | 0 | -1,616 | -1,492 | 144 | 0 | 0 | - | - |
Total other expenses, net | |||||||||||
-47,760 | -39,164 | -37,699 | -30,275 | -48,069 | 31,546 | -52,443 | -53,322 | -44,794 | -34,642 | -40,058 | -48,756 |
(Loss) income before income taxes | |||||||||||
206,239 | 90,897 | 102,084 | 127,195 | 97,205 | 169,013 | 22,715 | -24,868 | -6,917 | -9,057 | -30,091 | 43,553 |
Income tax benefit | |||||||||||
22,028 | 3,101 | 10,207 | 12,399 | 11,575 | 5,636 | -1,113 | -6,793 | 2,521 | 1,742 | -20,426 | -9,376 |
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | |||||||||||
184,211 | 87,796 | 91,877 | 114,796 | - | - | - | - | - | - | - | - |
Less: Net loss (income) attributable to noncontrolling interests | |||||||||||
724 | 12 | 0 | 0 | - | - | - | - | - | - | - | - |
Income from continuing operations | |||||||||||
- | - | - | - | - | - | 23,828 | -18,075 | -9,438 | -10,799 | -9,665 | - |
Income from discontinued operations, net of income taxes | |||||||||||
- | - | - | - | - | - | 25,237 | 1,483 | 1,760 | 1,627 | -1,425 | - |
Net (loss) income attributable to common stockholders | |||||||||||
183,487 | 87,784 | 91,877 | 114,796 | 85,630 | 163,377 | 49,065 | -16,592 | -7,678 | -9,172 | -11,090 | 52,929 |
Earnings Per Share [Abstract] | |||||||||||
Net (loss) income per share available to common stockholders - basic (in dollars per share) | |||||||||||
0.91 | 0.43 | 0.46 | 0.57 | 0.43 | 0.83 | - | - | - | - | - | - |
Net (loss) income per share available to common stockholders - diluted (in dollars per share) | |||||||||||
0.90 | 0.43 | 0.46 | 0.57 | 0.43 | 0.83 | - | - | - | - | - | - |
Basic and diluted earning per share (in dollars per share) | |||||||||||
- | - | - | - | - | - | 0.25 | -0.09 | -0.05 | -0.06 | -0.10 | 0.56 |
Continuing operations (in dollars per share) | |||||||||||
- | - | - | - | - | - | 0.12 | -0.10 | -0.06 | -0.07 | -0.09 | - |
Discontinued operations (in dollars per share) | |||||||||||
- | - | - | - | - | - | 0.13 | 0.01 | 0.01 | 0.01 | -0.01 | - |
Weighted-average number of common shares outstanding: | |||||||||||
Basic (in shares) | |||||||||||
202,009 | 205,462 | 200,784 | 201,079 | 200,796 | 195,943 | 195,478 | 180,826 | 166,667 | 144,463 | 107,404 | 93,064 |
Diluted (in shares) | |||||||||||
202,741 | 206,131 | 201,521 | 201,676 | 201,459 | 196,682 | 195,862 | 180,826 | 166,667 | 144,463 | 107,404 | 93,116 |
Rooms | |||||||||||
Total revenues | |||||||||||
661,153 | 631,048 | 635,932 | 650,624 | 673,578 | 628,870 | 558,751 | 509,902 | 416,028 | 348,732 | 322,568 | 444,070 |
Operating expenses | |||||||||||
166,937 | 158,078 | 158,534 | 159,151 | 163,549 | 162,870 | 151,040 | 135,437 | 111,378 | 93,245 | 86,904 | 105,868 |
Food and beverage | |||||||||||
Total revenues | |||||||||||
215,261 | 184,097 | 183,049 | 194,756 | 208,173 | 195,077 | 193,043 | 174,963 | 154,006 | 148,453 | 142,367 | 211,475 |
Operating expenses | |||||||||||
137,916 | 118,709 | 120,460 | 125,916 | 137,297 | 135,402 | 136,454 | 124,890 | 110,013 | 105,685 | 104,210 | 145,181 |
Hotel, Owned [Member] | |||||||||||
Total revenues | |||||||||||
61,677 | 48,559 | 51,024 | 51,178 | 49,239 | 48,915 | 47,894 | 42,022 | 30,049 | 26,710 | 28,707 | 37,689 |
Operating expenses | |||||||||||
333,505 | 296,535 | 278,302 | 302,805 | 317,623 | 295,826 | 284,523 | 254,265 | 213,817 | 188,300 | 183,880 | 228,469 |
Management fees | |||||||||||
Operating expenses | |||||||||||
25,475 | 22,159 | 21,969 | 30,143 | 30,633 | 30,027 | 25,546 | 24,307 | 21,043 | 18,670 | 16,805 | 28,569 |
Franchise fees | |||||||||||
Operating expenses | |||||||||||
26,932 | 26,178 | 23,970 | - | - | - | - | - | - | - | - | - |