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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
 3 Months Ended 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
REVENUE        
Total revenue $ 328,156 $ 247,434 $ 923,389 $ 556,676
Hotel operating expenses:        
Total hotel expenses 216,256 172,342 614,190 398,321
Property taxes, insurance and other 17,541 17,222 51,289 51,821
Depreciation and amortization 49,428 53,069 152,444 166,291
Advisory services fee 12,513 7,395 38,176 39,110
Corporate, general and administrative (884) 2,414 6,730 12,113
Total expenses 294,854 252,442 862,829 667,656
Gain (loss) on disposition of assets and hotel properties (11) 103 273 395
OPERATING INCOME (LOSS) 33,291 (4,905) 60,833 (110,585)
Equity in earnings (loss) of unconsolidated entities (147) (145) (451) (423)
Interest income 1,576 124 2,153 137
Other income (expense) 241 208 426 682
Interest expense and amortization of discounts and loan costs (61,023) (43,003) (152,975) (112,003)
Write-off of premiums, loan costs and exit fees (1,378) (1,034) (3,076) (5,200)
Gain (loss) on extinguishment of debt 0 1,292 0 11,896
Unrealized gain (loss) on derivatives 9,774 6,029 19,059 3,712
INCOME (LOSS) BEFORE INCOME TAXES (17,666) (41,434) (74,031) (211,784)
Income tax (expense) benefit (4,657) (2,615) (10,340) (2,916)
NET INCOME (LOSS) (22,323) (44,049) (84,371) (214,700)
(Income) loss attributable to noncontrolling interest in consolidated entities 0 (10) 0 84
Net (income) loss attributable to redeemable noncontrolling interests in operating partnership 231 367 679 3,594
NET INCOME (LOSS) ATTRIBUTABLE TO THE COMPANY (22,092) (43,692) (83,692) (211,022)
Preferred dividends (3,104) (2,039) (9,311) 1,488
Gain (loss) on extinguishment of preferred stock 0 (1,789) 0 959
NET INCOME (LOSS) ATTRIBUTABLE TO COMMON STOCKHOLDERS $ (25,196) $ (47,520) $ (93,003) $ (208,575)
Basic:        
Net income (loss) attributable to common stockholders (in dollars per share) $ (0.73) $ (1.70) $ (2.71) $ (11.89)
Weighted average common shares outstanding (in shares) 34,371 28,033 34,324 17,520
Diluted:        
Net income (loss) attributable to common stockholders (in dollars per share) $ (0.73) $ (1.70) $ (2.71) $ (11.89)
Weighted average common shares outstanding (in shares) 34,371 28,033 34,324 17,520
Total hotel revenue        
REVENUE        
Total revenue $ 327,432 $ 246,807 $ 921,225 $ 555,109
Rooms        
REVENUE        
Total revenue 260,616 202,119 731,474 459,264
Hotel operating expenses:        
Total hotel expenses 61,464 48,035 169,250 109,095
Food and beverage        
REVENUE        
Total revenue 48,633 29,744 139,709 57,487
Hotel operating expenses:        
Total hotel expenses 36,199 22,750 100,981 42,860
Other hotel        
REVENUE        
Total revenue 18,183 14,944 50,042 38,358
Hotel operating expenses:        
Total hotel expenses 106,907 92,581 310,407 224,422
Other        
REVENUE        
Total revenue 724 627 2,164 1,567
Management fees        
Hotel operating expenses:        
Total hotel expenses $ 11,686 $ 8,976 $ 33,552 $ 21,944