| Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 |
|---|---|---|---|---|---|---|---|---|---|
Revenues | |||||||||
Revenue from Contract with Customer, Excluding Assessed Tax | |||||||||
1,612,213 | 828,678 | 769,317 | 816,421 | 770,864 | 598,776 | 489,217 | 380,688 | 287,987 | 57,761 |
Expenses: | |||||||||
Hotel operating expenses: | |||||||||
Total hotel operating expenses | |||||||||
974,168 | 511,834 | 467,973 | 483,924 | 468,075 | 373,987 | 324,198 | 261,584 | 201,354 | 42,843 |
Depreciation and amortization | |||||||||
234,880 | 108,475 | 102,290 | 102,439 | 95,872 | 68,324 | 55,570 | 42,794 | 30,945 | 5,776 |
Other indirect | |||||||||
- | - | - | - | - | - | - | 99,766 | 79,648 | 16,724 |
Real estate taxes, personal property taxes, property insurance, and ground rent | |||||||||
125,013 | 54,191 | 48,500 | 50,488 | 46,947 | 36,878 | 31,052 | 20,187 | 12,895 | 2,220 |
Ground rent | |||||||||
- | - | - | - | - | - | - | - | 1,814 | 124 |
General and administrative | |||||||||
34,047 | 20,945 | 20,062 | 27,912 | 32,335 | 28,322 | 17,166 | 16,777 | 11,460 | 8,319 |
Hotel acquisition and disposition costs | |||||||||
8,679 | 75,049 | 71 | 193 | - | - | 3,376 | 2,234 | 3,392 | 6,581 |
Impairment and other losses | |||||||||
- | - | - | 12,148 | 0 | 0 | - | - | - | - |
Other operating | |||||||||
2,800 | -2,100 | 14,877 | 40,690 | 0 | 0 | - | - | - | - |
(Gain) loss and other operating expenses | |||||||||
-8,903 | 10,935 | -9,918 | - | - | - | - | - | - | - |
Insured Event, Gain (Loss) | |||||||||
- | - | - | 0 | - | - | - | - | - | - |
Total operating expenses | |||||||||
1,382,871 | 761,706 | 633,937 | 636,414 | 643,229 | 507,511 | 431,362 | 343,576 | 261,860 | 65,863 |
Operating income (loss) | |||||||||
229,342 | 66,972 | 135,380 | 180,007 | 127,635 | 91,265 | 57,855 | 37,112 | 26,127 | -8,102 |
Interest income | |||||||||
- | - | - | 1,995 | 2,511 | 2,529 | 2,620 | 224 | 868 | 3,020 |
Interest Expense | |||||||||
108,474 | 53,923 | 37,299 | 43,615 | 38,774 | 27,065 | 23,680 | 14,932 | 13,653 | 1,640 |
Other | |||||||||
29 | 2,078 | 2,362 | 283 | 0 | 0 | - | - | 85 | 0 |
Equity in earnings (loss) of joint venture | |||||||||
- | - | - | -64,842 | 6,213 | 10,065 | 7,623 | 5,970 | 2,336 | 0 |
Income (loss) before income taxes | |||||||||
120,897 | 15,127 | 100,443 | 73,828 | 97,585 | 76,794 | 44,418 | 28,374 | 15,763 | -6,722 |
Income tax (expense) benefit | |||||||||
5,172 | 1,742 | 181 | -134 | 2,590 | 3,251 | 1,226 | 1,866 | 564 | -80 |
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | |||||||||
115,725 | 13,385 | 100,262 | 73,962 | 94,995 | 73,543 | 43,192 | 26,508 | 15,199 | -6,642 |
Net income (loss) attributable to non-controlling interests | |||||||||
283 | -8 | 374 | 258 | 327 | 677 | 274 | 429 | 343 | 0 |
Net income (loss) attributable to the Company | |||||||||
115,442 | 13,393 | 99,888 | 73,704 | 94,668 | 72,866 | 42,918 | 26,079 | 14,856 | -6,642 |
Distributions to preferred shareholders | |||||||||
32,556 | 17,466 | 16,094 | 19,662 | 25,950 | 25,079 | 22,953 | 17,825 | 10,413 | 0 |
Transaction costs | |||||||||
- | - | - | 7,090 | 0 | 0 | - | - | - | - |
Net Income (Loss) Available to Common Stockholders, Basic | |||||||||
82,886 | -4,073 | 83,794 | 46,952 | 68,718 | 47,787 | 19,965 | 8,254 | 4,443 | -6,642 |
Earnings Per Share, Basic | |||||||||
0.63 | -0.06 | 1.20 | 0.65 | 0.95 | 0.72 | 0.32 | 0.14 | - | - |
Earnings Per Share, Diluted | |||||||||
0.63 | -0.06 | 1.19 | 0.64 | 0.94 | 0.71 | 0.32 | 0.14 | - | - |
Net income (loss) per share available to common shareholders, basic and diluted (in dollars per share) | |||||||||
- | - | - | - | - | - | - | - | 0.08 | -0.23 |
Weighted Average Number of Shares Outstanding, Basic | |||||||||
130,471 | 74,286 | 69,591 | 71,901 | 71,715 | 65,646 | 61,498 | 55,806 | 47,921 | 28,669 |
Weighted Average Number of Shares Outstanding, Diluted | |||||||||
130,718 | 74,286 | 69,984 | 72,373 | 72,384 | 66,264 | 61,836 | 55,955 | 47,966 | 28,669 |
Comprehensive Income: | |||||||||
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | |||||||||
115,725 | 13,385 | 100,262 | 73,962 | 94,995 | 73,543 | 43,192 | 26,508 | 15,199 | -6,642 |
Other Comprehensive Income (Loss), Net of Tax [Abstract] | |||||||||
Other Comprehensive Income (Loss), Cash Flow Hedge, Gain (Loss), after Reclassification and Tax | |||||||||
-26,045 | -2,907 | 6,001 | 2,438 | -4,409 | -1,427 | 1,386 | -300 | 0 | 0 |
Comprehensive income (loss) | |||||||||
89,680 | 10,478 | 106,263 | 76,400 | 90,586 | 72,116 | 44,600 | 26,208 | 15,199 | -6,642 |
Comprehensive income (loss) attributable to non-controlling interests | |||||||||
209 | -16 | 395 | 266 | 313 | 665 | 287 | 427 | 343 | 0 |
Comprehensive income (loss) attributable to the Company | |||||||||
89,471 | 10,494 | 105,868 | 76,134 | 90,273 | 71,451 | 44,291 | 25,781 | 14,856 | -6,642 |
Room | |||||||||
Revenue from Contract with Customer, Excluding Assessed Tax | |||||||||
1,103,947 | 565,107 | 532,288 | 568,867 | 526,573 | 410,600 | 321,630 | 239,218 | 177,479 | 32,804 |
Total hotel operating expenses | |||||||||
275,855 | 143,171 | 134,068 | 137,312 | 124,090 | 102,709 | 83,390 | 63,213 | 47,570 | 9,718 |
Food and beverage | |||||||||
Revenue from Contract with Customer, Excluding Assessed Tax | |||||||||
370,584 | 199,089 | 182,737 | 191,857 | 190,852 | 148,114 | 136,531 | 117,752 | 92,898 | 21,984 |
Total hotel operating expenses | |||||||||
260,278 | 136,845 | 123,213 | 126,957 | 128,816 | 104,843 | 100,244 | 86,369 | 65,783 | 15,113 |
Other | |||||||||
Revenue from Contract with Customer, Excluding Assessed Tax | |||||||||
137,682 | 64,482 | 54,292 | 55,697 | 53,439 | 40,062 | 31,056 | 23,718 | 17,610 | 2,973 |
Total hotel operating expenses | |||||||||
438,035 | 231,818 | 210,692 | 219,655 | 215,169 | 166,435 | 140,564 | 12,236 | 8,353 | 1,288 |