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Condensed Consolidated Statements of Operations - USD ($)
shares in Thousands
 3 Months Ended
Mar. 31, 2016
Mar. 31, 2015
Revenue    
Rooms $ 69,251,000 $ 54,497,000
Food and beverage 24,865,000 20,230,000
Other 5,648,000 3,022,000
Total hotel revenue 99,764,000 77,749,000
Other 33,000 40,000
Total revenue 99,797,000 77,789,000
Hotel operating expenses:    
Rooms 15,819,000 12,978,000
Food and beverage 17,445,000 13,069,000
Other expenses 28,339,000 20,924,000
Management fees 3,807,000 3,104,000
Total hotel expenses 65,410,000 50,075,000
Property taxes, insurance and other 5,043,000 4,595,000
Depreciation and amortization 11,904,000 10,517,000
Advisory services fee 2,064,000 3,220,000
Corporate general and administrative 3,923,000 1,123,000
Total expenses 88,344,000 69,530,000
Operating income 11,453,000 8,259,000
Equity in loss of unconsolidated entity (2,650,000) 0
Interest income 32,000 4,000
Other income (expense) (10,000) 139,000
Interest expense and amortization of loan costs (10,634,000) (9,583,000)
Write-off of loan costs and exit fees 0 (54,000)
Unrealized gain on marketable securities 0 1,323,000
Unrealized loss on investment in Ashford Inc. (1,493,000) 0
Unrealized gain (loss) on derivatives 3,533,000 (32,000)
Income before income taxes 231,000 56,000
Income tax expense (370,000) (481,000)
Net loss (139,000) (425,000)
(Income) loss from consolidated entities attributable to noncontrolling interest (145,000) 147,000
Net loss attributable to redeemable noncontrolling interests in operating partnership 150,000 72,000
Net loss attributable to the Company (134,000) (206,000)
Preferred dividends (894,000) 0
Net loss attributable to common stockholders $ (1,028,000) $ (206,000)
Loss per share – basic:    
Net loss attributable to common stockholders (in dollars per share) $ (0.04) $ (0.01)
Weighted average common shares outstanding – basic (in shares) 28,343 24,070
Loss per share – diluted:    
Net loss attributable to common stockholders (in dollars per share) $ (0.04) $ (0.01)
Weighted average common shares outstanding – diluted (in shares) 28,343 24,070
Dividends declared per common share (in dollars per share) $ 0.10 $ 0.05