Hotel operating revenues: | |
Room | 237.76M |
Food and beverage | 61.72M |
Other operating department | 25.89M |
Total hotel operating revenues | 325.37M |
Other income | 1.57M |
Total revenues | 326.94M |
Hotel operating expenses: | |
Room | 59.34M |
Food and beverage | 44.31M |
Other direct | 4.56M |
Other indirect (Note 8) | 78.73M |
Total hotel operating expenses | 186.95M |
Depreciation and amortization | 48.02M |
Real estate taxes, personal property taxes and insurance | 13.91M |
Ground rent (Note 5) | 4.57M |
General and administrative | 6.08M |
Acquisition transaction costs (Note 3) | 0 |
Other expenses | 1.01M |
Total operating expenses | 260.53M |
Operating income | 66.4M |
Interest income | 167K |
Interest expense | -10.33M |
Income (loss) before income tax expense and discontinued operations | 56.24M |
Income tax expense (Note 9) | -3.11M |
Income (loss) from continuing operations | |
Discontinued operations (Note 3): | |
Income (loss) from operations of properties disposed of | |
Income tax (expense) benefit (Note 9) | |
Net income (loss) from discontinued operations | |
Net income (loss) | 157.68M |
Noncontrolling Interests: | |
Redeemable noncontrolling interest in (income) loss of consolidated entity (Note 2) | |
Net income (loss) attributable to the Company | -203K |
Distributions on preferred shares | -5.41M |
Issuance costs of redeemed preferred shares (Note 6) | |
Net income (loss) attributable to common shareholders | 152.07M |
Earnings per Common Share - Basic: | |
Net income (loss) attributable to common shareholders before discontinued operations and excluding amounts attributable to unvested restricted shares | |
Discontinued operations | |
Net income (loss) attributable to common shareholders excluding amounts attributable to unvested restricted shares | 1.34 |
Earnings per Common Share - Diluted: | |
Net income (loss) attributable to common shareholders before discontinued operations and excluding amounts attributable to unvested restricted shares | |
Discontinued operations | |
Net income (loss) attributable to common shareholders excluding amounts attributable to unvested restricted shares | 1.34 |
Weighted average number of common shares outstanding: | |
Basic | 112.81M |
Diluted | 113.16M |