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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
REVENUE        
Total revenue $ 375,749 $ 348,095 $ 704,635 $ 595,233
Hotel operating expenses:        
Total hotel expenses 240,677 221,156 465,795 397,934
Property taxes, insurance and other 18,998 17,289 35,535 33,748
Depreciation and amortization 47,154 50,896 95,009 103,016
Advisory services fee 12,269 12,277 25,255 25,663
Corporate, general and administrative 4,904 4,510 7,516 7,614
Total operating expenses 324,002 306,128 629,110 567,975
Gain (loss) on consolidation of VIE and disposition of assets 1,077 181 1,053 284
OPERATING INCOME (LOSS) 52,824 42,148 76,578 27,542
Equity in earnings (loss) of unconsolidated entities (181) (151) (577) (304)
Interest income 2,310 526 4,867 577
Other income (expense) 109 84 243 185
Interest expense and amortization of discounts and loan costs (89,590) (48,393) (171,105) (91,952)
Write-off of premiums, loan costs and exit fees (950) (971) (1,370) (1,698)
Realized and unrealized gain (loss) on derivatives 12,583 6,074 7,168 9,285
INCOME (LOSS) BEFORE INCOME TAXES (22,895) (683) (84,196) (56,365)
Income tax (expense) benefit (2,062) (5,563) (2,283) (5,683)
NET INCOME (LOSS) (24,957) (6,246) (86,479) (62,048)
Net (income) loss attributable to redeemable noncontrolling interests in operating partnership 349 76 949 448
NET INCOME (LOSS) ATTRIBUTABLE TO THE COMPANY (24,608) (6,170) (85,530) (61,600)
Preferred stock dividend (reversal) (3,752) (3,104) (6,995) (6,207)
Deemed dividends on redeemable preferred stock (826) 0 (1,233) 0
NET INCOME (LOSS) ATTRIBUTABLE TO COMMON STOCKHOLDERS $ (29,186) $ (9,274) $ (93,758) $ (67,807)
Basic:        
Net income (loss) attributable to common stockholders (in dollars per share) $ (0.85) $ (0.27) $ (2.73) $ (1.98)
Weighted average common shares outstanding (in shares) 34,429 34,330 34,385 34,300
Diluted:        
Net income (loss) attributable to common stockholders (in dollars per share) $ (0.85) $ (0.27) $ (2.73) $ (1.98)
Weighted average common shares outstanding (in shares) 34,429 34,330 34,385 34,300
Total hotel revenue        
REVENUE        
Total revenue $ 374,978 $ 347,267 $ 703,206 $ 593,793
Rooms        
REVENUE        
Total revenue 293,915 275,528 546,870 470,858
Hotel operating expenses:        
Total hotel expenses 66,035 59,782 125,238 107,786
Food and beverage        
REVENUE        
Total revenue 61,747 54,316 120,738 91,076
Hotel operating expenses:        
Total hotel expenses 41,910 37,610 81,700 64,782
Other hotel revenue        
REVENUE        
Total revenue 19,316 17,423 35,598 31,859
Hotel operating expenses:        
Total hotel expenses 118,959 111,452 232,838 203,500
Management Fees        
Hotel operating expenses:        
Total hotel expenses 13,773 12,312 26,019 21,866
Other        
REVENUE        
Total revenue $ 771 $ 828 $ 1,429 $ 1,440