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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
 12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
REVENUE      
Total revenue $ 1,240,859 $ 805,411 $ 508,238
Hotel operating expenses:      
Total hotel expenses 835,993 576,806 434,672
Property taxes, insurance and other 67,338 67,904 79,669
Depreciation and amortization 201,797 218,851 252,765
Impairment charges 0 0 91,721
Advisory services fee 49,897 52,313 50,050
Corporate, general and administrative 9,879 16,153 28,048
Total expenses 1,164,904 932,027 936,925
Gain (loss) on disposition of assets and hotel properties 300 1,449 (36,680)
OPERATING INCOME (LOSS) 76,255 (125,167) (465,367)
Equity in earnings (loss) of unconsolidated entities (804) (558) (448)
Interest income 4,777 207 672
Other income (expense) 415 760 (16,998)
Interest expense and amortization of discounts and loan costs (226,995) (156,119) (247,381)
Write-off of premiums, loan costs and exit fees (3,536) (10,612) (13,867)
Gain (loss) on extinguishment of debt 0 11,896 90,349
Unrealized gain (loss) on marketable securities 0 0 (1,467)
Realized and unrealized gain (loss) on derivatives 15,166 14,493 19,950
INCOME (LOSS) BEFORE INCOME TAXES (134,722) (265,100) (634,557)
Income tax (expense) benefit (6,336) (5,948) 1,335
NET INCOME (LOSS) (141,058) (271,048) (633,222)
(Income) loss attributable to noncontrolling interest in consolidated entities 0 73 338
Net (income) loss attributable to redeemable noncontrolling interests in operating partnership 1,233 3,970 89,008
NET INCOME (LOSS) ATTRIBUTABLE TO THE COMPANY (139,825) (267,005) (543,876)
Preferred dividends (12,433) (252) (32,117)
Deemed dividends on redeemable preferred stock (946) 0 0
Gain (loss) on extinguishment of preferred stock 0 (607) 55,477
NET INCOME (LOSS) ATTRIBUTABLE TO COMMON STOCKHOLDERS $ (153,204) $ (267,864) $ (520,516)
Basic:      
Net income (loss) attributable to common stockholders (in dollars per share) $ (4.46) $ (12.37) $ (329.97)
Weighted average common shares outstanding (in shares) 34,339 21,625 1,576
Diluted:      
Net income (loss) attributable to common stockholders (in dollars per share) $ (4.46) $ (12.43) $ (329.97)
Weighted average common shares outstanding (in shares) 34,339 21,844 1,576
Total hotel revenue      
REVENUE      
Total revenue $ 1,237,975 $ 803,144 $ 506,505
Rooms      
REVENUE      
Total revenue 974,002 655,121 407,492
Hotel operating expenses:      
Total hotel expenses 229,115 157,982 106,508
Food and beverage      
REVENUE      
Total revenue 196,663 94,911 61,157
Hotel operating expenses:      
Total hotel expenses 140,775 71,172 49,223
Other hotel      
REVENUE      
Total revenue 67,310 53,112 37,856
Hotel operating expenses:      
Total hotel expenses 421,056 316,638 253,997
Management Fees      
Hotel operating expenses:      
Total hotel expenses 45,047 31,014 24,944
Other      
REVENUE      
Total revenue $ 2,884 $ 2,267 $ 1,733