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Condensed Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
 3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
REVENUE    
Total revenue $ 128,513 $ 102,489
Hotel operating expenses:    
Total hotel expenses 82,503 63,819
Property taxes, insurance and other 7,460 5,604
Depreciation and amortization 16,686 13,006
Impairment charges 0 12
Advisory services fee 6,024 5,244
Transaction costs 634 488
Corporate general and administrative 1,126 28
Total expenses 114,433 88,201
OPERATING INCOME (LOSS) 14,080 14,288
Equity in earnings (loss) of unconsolidated entity (50) (3)
Interest income 362 200
Other income (expense) (117) (63)
Interest expense and amortization of loan costs (14,193) (10,179)
Write-off of loan costs and exit fees (312) (2)
Unrealized gain (loss) on investment in Ashford Inc. 707 528
Unrealized gain (loss) on derivatives (872) 73
INCOME (LOSS) BEFORE INCOME TAXES (395) 4,842
Income tax (expense) benefit (927) (572)
NET INCOME (LOSS) (1,322) 4,270
(Income) loss attributable to noncontrolling interests in consolidated entities (99) 42
Net (income) loss attributable to redeemable noncontrolling interests in operating partnership 440 (292)
NET INCOME (LOSS) ATTRIBUTABLE TO THE COMPANY (981) 4,020
Preferred dividends (2,532) (1,707)
NET INCOME (LOSS) ATTRIBUTABLE TO COMMON STOCKHOLDERS $ (3,513) $ 2,313
INCOME (LOSS) PER SHARE - BASIC:    
Net income (loss) attributable to common stockholders (in dollars per share) $ (0.11) $ 0.07
Weighted average common shares outstanding – basic (in shares) 32,115 31,680
INCOME (LOSS) PER SHARE - DILUTED:    
Net income (loss) attributable to common stockholders (in dollars per share) $ (0.11) $ 0.07
Weighted average common shares outstanding – diluted (in shares) 32,115 31,683
Total hotel revenue    
REVENUE    
Total revenue $ 128,508 $ 102,489
Rooms    
REVENUE    
Total revenue 76,731 65,507
Hotel operating expenses:    
Total hotel expenses 16,982 14,918
Food and beverage    
REVENUE    
Total revenue 32,114 23,500
Hotel operating expenses:    
Total hotel expenses 22,210 15,620
Other    
REVENUE    
Total revenue 19,663 13,482
Hotel operating expenses:    
Total hotel expenses 38,895 29,664
Other    
REVENUE    
Total revenue 5 0
Management fees    
Hotel operating expenses:    
Total hotel expenses $ 4,416 $ 3,617