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Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
 12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
REVENUE      
Total revenue $ 431,398 $ 414,063 $ 405,857
Hotel operating expenses:      
Rooms 272,632 271,596 262,582
Property taxes, insurance and other 26,027 21,337 20,539
Depreciation and amortization 57,383 52,262 45,897
Impairment charges 71 1,068 0
Advisory services fee 20,012 9,134 14,955
Contract modification cost 0 5,000 0
Transaction costs 949 6,678 457
Corporate general and administrative 4,237 8,146 14,286
Total expenses 381,311 375,221 358,716
Gain (loss) on sale of hotel properties 15,738 23,797 26,359
OPERATING INCOME (LOSS) 65,825 62,639 73,500
Equity in earnings (loss) of unconsolidated entity (234) 0 (2,587)
Interest income 1,602 690 167
Other income (expense) (253) (377) (165)
Interest expense and amortization of loan costs (49,653) (38,937) (40,881)
Write-off of loan costs and exit fees (4,178) (3,874) (2,595)
Unrealized gain (loss) on investment in Ashford Inc. (8,010) 9,717 (1,970)
Unrealized gain (loss) on derivatives (82) (2,056) 425
INCOME (LOSS) BEFORE INCOME TAXES 5,017 27,802 25,894
Income tax (expense) benefit (2,432) 522 (1,574)
NET INCOME (LOSS) 2,585 28,324 24,320
(Income) loss attributable to noncontrolling interests in consolidated entities (2,016) (3,264) (3,105)
Net (income) loss attributable to redeemable noncontrolling interests in operating partnership 751 (2,038) (1,899)
NET INCOME (LOSS) ATTRIBUTABLE TO THE COMPANY 1,320 23,022 19,316
Preferred dividends (7,205) (6,795) (3,860)
NET INCOME (LOSS) ATTRIBUTABLE TO COMMON STOCKHOLDERS $ (5,885) $ 16,227 $ 15,456
INCOME (LOSS) PER SHARE - BASIC:      
Net income (loss) attributable to common stockholders (in dollars per share) $ (0.19) $ 0.52 $ 0.57
Weighted average common shares outstanding – basic (in shares) 31,944 30,473 26,648
INCOME (LOSS) PER SHARE - DILUTED:      
Net income (loss) attributable to common stockholders (in dollars per share) $ (0.19) $ 0.51 $ 0.55
Weighted average common shares outstanding – diluted (in shares) 31,944 34,706 31,195
Dividends declared per common share (in dollars per share) $ 0.64 $ 0.64 $ 0.46
Rooms      
REVENUE      
Total revenue $ 282,775 $ 286,006 $ 287,844
Hotel operating expenses:      
Rooms 62,498 65,731 65,541
Food and beverage      
REVENUE      
Total revenue 94,671 96,415 95,618
Hotel operating expenses:      
Rooms 66,386 68,469 68,471
Other      
REVENUE      
Total revenue 53,952 31,484 22,267
Hotel operating expenses:      
Rooms 128,100 122,322 113,114
Total hotel revenue      
REVENUE      
Total revenue 431,398 413,905 405,729
Other      
REVENUE      
Total revenue 0 158 128
Management Fees [Member]      
Hotel operating expenses:      
Rooms $ 15,648 $ 15,074 $ 15,456