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Consolidated Statements of Operations - USD ($)
 3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Total revenue $ 81,761,000 $ 50,244,000 $ 136,646,000 $ 82,357,000
Total hotel operating expenses 41,345,000 28,390,000 75,026,000 50,365,000
Depreciation and amortization 15,277,000 13,353,000 30,313,000 26,687,000
Property taxes, ground rent and insurance 5,932,000 5,954,000 10,890,000 11,833,000
General and administrative 4,462,000 4,316,000 8,405,000 7,844,000
Other charges 150,000 322,000 400,000 377,000
Reimbursable costs from unconsolidated entities 358,000 327,000 684,000 1,114,000
Total operating expenses 67,524,000 52,662,000 125,718,000 98,220,000
Operating income (loss) before gain (loss) on sale of hotel properties 14,237,000 (2,418,000) 10,928,000 (15,863,000)
Gain (loss) on sale of hotel properties 2,020,000 28,000 2,020,000 (15,000)
Operating income (loss) 16,257,000 (2,390,000) 12,948,000 (15,878,000)
Interest and other income 1,000 28,000 1,000 102,000
Interest expense, including amortization of deferred fees (6,936,000) (6,356,000) (13,325,000) (12,826,000)
Loss from unconsolidated real estate entities 0 0 0 (1,231,000)
Gain on sale of investment in unconsolidated real estate entities 0 0 0 23,817,000
Income (loss) before income tax expense 9,322,000 (8,718,000) (376,000) (6,016,000)
Income tax expense 0 0 0 0
Net income (loss) 9,322,000 (8,718,000) (376,000) (6,016,000)
Net (income) loss attributable to noncontrolling interests (171,000) 160,000 82,000 114,000
Net income (loss) attributable to common shareholders 9,151,000 (8,558,000) (294,000) (5,902,000)
Preferred dividends (1,987,000) 0 (3,975,000) 0
Net income (loss) attributable to common shareholders $ 7,164,000 $ (8,558,000) $ (4,269,000) $ (5,902,000)
Income (loss) per Common Share - Basic:        
Net (loss) income attributable to common shareholders (in dollars per share) $ 0.15 $ (0.18) $ (0.09) $ (0.12)
Income (loss) per Common Share - Diluted:        
Net (loss) income attributable to common shareholders (in dollars per share) $ 0.15 $ (0.18) $ (0.09) $ (0.12)
Weighted average number of common shares outstanding:        
Basic (in shares) 48,795,348 48,637,484 48,791,455 47,935,130
Diluted (in shares) 49,017,184 48,637,484 48,791,455 47,935,130
Distributions declared per common share (in dollars per share) $ 0 $ 0 $ 0 $ 0
Room        
Total revenue $ 75,761,000 $ 46,514,000 $ 125,926,000 $ 75,905,000
Total hotel operating expenses 14,480,000 9,486,000 26,074,000 16,653,000
Food and beverage        
Total revenue 1,968,000 756,000 3,382,000 1,120,000
Total hotel operating expenses 1,429,000 491,000 2,476,000 775,000
Other        
Total revenue 3,674,000 2,647,000 6,654,000 4,218,000
Reimbursable costs from unconsolidated entities        
Total revenue 358,000 327,000 684,000 1,114,000
Telephone        
Total hotel operating expenses 359,000 348,000 760,000 748,000
Other hotel operating        
Total hotel operating expenses 879,000 544,000 1,611,000 909,000
General and administrative        
Total hotel operating expenses 6,804,000 5,056,000 12,153,000 8,870,000
Franchise and marketing fees        
Total hotel operating expenses 6,559,000 4,091,000 10,966,000 6,688,000
Advertising and promotions        
Total hotel operating expenses 1,230,000 835,000 2,419,000 1,592,000
Utilities        
Total hotel operating expenses 2,784,000 2,352,000 5,673,000 4,638,000
Repairs and maintenance        
Total hotel operating expenses 3,347,000 2,720,000 6,792,000 5,180,000
Management fees        
Total hotel operating expenses 2,727,000 1,760,000 4,645,000 2,956,000
Insurance        
Total hotel operating expenses $ 747,000 $ 707,000 $ 1,457,000 $ 1,356,000