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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
 12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
REVENUE      
Total revenue $ 805,411 $ 508,238 $ 1,502,759
Hotel operating expenses:      
Total hotel expenses 576,806 434,672 952,674
Property taxes, insurance and other 67,904 79,669 84,112
Depreciation and amortization 218,851 252,765 269,003
Impairment charges 0 91,721 33,628
Advisory services fee 52,313 50,050 63,632
Corporate, general and administrative 16,153 28,048 11,107
Total expenses 932,027 936,925 1,414,156
Gain (loss) on disposition of assets and hotel properties 1,449 (36,680) 26,126
OPERATING INCOME (LOSS) (125,167) (465,367) 114,729
Equity in earnings (loss) of unconsolidated entities (558) (448) (2,307)
Interest income 207 672 3,067
Other income (expense) 760 (16,998) 10,490
Interest expense and amortization of discounts and loan costs (156,119) (247,381) (262,001)
Write-off of premiums, loan costs and exit fees (10,612) (13,867) (2,841)
Gain (loss) on extinguishment of debt 11,896 90,349 0
Unrealized gain (loss) on marketable securities 0 (1,467) 1,896
Unrealized gain (loss) on derivatives 14,493 19,950 (4,494)
INCOME (LOSS) BEFORE INCOME TAXES (265,100) (634,557) (141,461)
Income tax (expense) benefit (5,948) 1,335 (1,218)
NET INCOME (LOSS) (271,048) (633,222) (142,679)
(Income) loss attributable to noncontrolling interest in consolidated entities 73 338 112
Net (income) loss attributable to redeemable noncontrolling interests in operating partnership 3,970 89,008 28,932
NET INCOME (LOSS) ATTRIBUTABLE TO THE COMPANY (267,005) (543,876) (113,635)
Preferred dividends (252) (32,117) (42,577)
Gain (loss) on extinguishment of preferred stock (607) 55,477 0
NET INCOME (LOSS) ATTRIBUTABLE TO COMMON STOCKHOLDERS $ (267,864) $ (520,516) $ (156,212)
Basic:      
Net income (loss) attributable to common stockholders (in dollars per share) $ (12.37) $ (329.97) $ (157.74)
Weighted average common shares outstanding (in shares) 21,625 1,576 998
Diluted:      
Net income (loss) attributable to common stockholders (in dollars per share) $ (12.43) $ (329.97) $ (157.74)
Weighted average common shares outstanding (in shares) 21,844 1,576 998
Total hotel revenue      
REVENUE      
Total revenue $ 803,144 $ 506,505 $ 1,498,557
Rooms      
REVENUE      
Total revenue 655,121 407,492 1,184,987
Hotel operating expenses:      
Total hotel expenses 157,982 106,508 258,446
Food and beverage      
REVENUE      
Total revenue 94,911 61,157 243,917
Hotel operating expenses:      
Total hotel expenses 71,172 49,223 167,945
Other hotel      
REVENUE      
Total revenue 53,112 37,856 69,653
Hotel operating expenses:      
Total hotel expenses 316,638 253,997 472,437
Other      
REVENUE      
Total revenue 2,267 1,733 4,202
Management fees      
Hotel operating expenses:      
Total hotel expenses $ 31,014 $ 24,944 $ 53,846