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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
 3 Months Ended 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
REVENUE        
Total revenue $ 343,014 $ 328,156 $ 1,047,649 $ 923,389
Hotel operating expenses:        
Total hotel expenses 232,626 216,256 698,421 614,190
Property taxes, insurance and other 17,345 17,541 52,880 51,289
Depreciation and amortization 45,954 49,428 140,963 152,444
Advisory services fee 12,395 12,513 37,650 38,176
Corporate, general and administrative 3,871 (884) 11,387 6,730
Total operating expenses 312,191 294,854 941,301 862,829
Gain (loss) on consolidation of VIE and disposition of assets 6,390 (11) 7,443 273
OPERATING INCOME (LOSS) 37,213 33,291 113,791 60,833
Equity in earnings (loss) of unconsolidated entities (138) (147) (715) (451)
Interest income 1,888 1,576 6,755 2,153
Other income (expense) 34 241 277 426
Interest expense and amortization of discounts and loan costs (99,380) (61,023) (270,485) (152,975)
Write-off of premiums, loan costs and exit fees (1,263) (1,378) (2,633) (3,076)
Realized and unrealized gain (loss) on derivatives (2,678) 9,774 4,490 19,059
INCOME (LOSS) BEFORE INCOME TAXES (64,324) (17,666) (148,520) (74,031)
Income tax (expense) benefit (127) (4,657) (2,410) (10,340)
NET INCOME (LOSS) (64,451) (22,323) (150,930) (84,371)
Net (income) loss attributable to redeemable noncontrolling interests in operating partnership 889 231 1,838 679
NET INCOME (LOSS) ATTRIBUTABLE TO THE COMPANY (63,562) (22,092) (149,092) (83,692)
Preferred stock dividend (reversal) (4,295) (3,104) (11,290) (9,311)
Deemed dividends on redeemable preferred stock (760) 0 (1,993) 0
NET INCOME (LOSS) ATTRIBUTABLE TO COMMON STOCKHOLDERS $ (68,617) $ (25,196) $ (162,375) $ (93,003)
Basic:        
Net income (loss) attributable to common stockholders (in dollars per share) $ (1.99) $ (0.73) $ (4.72) $ (2.71)
Weighted average common shares outstanding (in shares) 34,459 34,371 34,395 34,324
Diluted:        
Net income (loss) attributable to common stockholders (in dollars per share) $ (1.99) $ (0.73) $ (4.72) $ (2.71)
Weighted average common shares outstanding (in shares) 34,459 34,371 34,395 34,324
Total hotel revenue        
REVENUE        
Total revenue $ 342,349 $ 327,432 $ 1,045,555 $ 921,225
Rooms        
REVENUE        
Total revenue 270,607 260,616 817,477 731,474
Hotel operating expenses:        
Total hotel expenses 64,803 61,464 190,041 169,250
Food and beverage        
REVENUE        
Total revenue 52,205 48,633 172,943 139,709
Hotel operating expenses:        
Total hotel expenses 39,511 36,199 121,211 100,981
Other hotel revenue        
REVENUE        
Total revenue 19,537 18,183 55,135 50,042
Hotel operating expenses:        
Total hotel expenses 115,625 106,907 348,463 310,407
Management Fees        
Hotel operating expenses:        
Total hotel expenses 12,687 11,686 38,706 33,552
Other        
REVENUE        
Total revenue $ 665 $ 724 $ 2,094 $ 2,164