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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
REVENUE        
Total revenue $ 12,895 $ 118,516 $ 130,415 $ 247,029
Hotel operating expenses:        
Total hotel operating expenses 20,539 76,728 108,287 159,231
Property taxes, insurance and other 7,244 5,206 14,904 12,666
Depreciation and amortization 18,553 18,474 36,891 35,160
Advisory services fee 4,901 4,397 9,970 10,421
Transaction costs 0 70 0 704
Corporate general and administrative 1,513 932 3,445 2,058
Total expenses 52,750 105,807 173,497 220,240
Gain (loss) on disposition of assets 0 9 0 9
OPERATING INCOME (LOSS) (39,855) 12,718 (43,082) 26,798
Equity in earnings (loss) of unconsolidated entity (40) (51) (80) (101)
Interest income 24 287 153 649
Other income (expense) (64) (139) (202) (256)
Interest expense and amortization of loan costs (12,797) (14,055) (24,694) (28,248)
Write-off of loan costs and exit fees (2,237) 0 (2,237) (312)
Unrealized gain (loss) on investment in Ashford Inc. 0 (4,626)    
Unrealized gain (loss) on derivatives (969) 654 187 (218)
INCOME (LOSS) BEFORE INCOME TAXES (55,938) (5,212) (69,955) (5,607)
Income tax (expense) benefit 4,447 (411) 3,077 (1,338)
NET INCOME (LOSS) (51,491) (5,623) (66,878) (6,945)
(Income) loss attributable to noncontrolling interest in consolidated entities 2,404 248 2,976 149
Net (income) loss attributable to redeemable noncontrolling interests in operating partnership 5,297 865 7,182 1,305
NET INCOME (LOSS) ATTRIBUTABLE TO THE COMPANY (43,790) (4,510) (56,720) (5,491)
Preferred dividends (2,555) (2,532) (5,110) (5,064)
NET INCOME (LOSS) ATTRIBUTABLE TO COMMON STOCKHOLDERS $ (46,345) $ (7,042) $ (61,830) $ (10,555)
INCOME (LOSS) PER SHARE - BASIC:        
Net income (loss) attributable to common stockholders (in dollars per share) $ (1.41) $ (0.22) $ (1.89) $ (0.34)
Weighted average common shares outstanding – basic (in shares) 32,907 32,307 32,688 32,213
INCOME (LOSS) PER SHARE - DILUTED:        
Net income (loss) attributable to common stockholders (in dollars per share) $ (1.41) $ (0.22) $ (1.89) $ (0.34)
Weighted average common shares outstanding – diluted (in shares) 32,907 32,307 32,688 32,213
Total hotel revenue        
REVENUE        
Total revenue $ 12,895 $ 118,516 $ 130,415 $ 247,024
Rooms        
REVENUE        
Total revenue 6,533 75,121 77,001 151,852
Hotel operating expenses:        
Total hotel operating expenses 3,445 16,833 21,325 33,815
Food and beverage        
REVENUE        
Total revenue 2,077 25,790 30,880 57,904
Hotel operating expenses:        
Total hotel operating expenses 3,649 19,394 27,550 41,604
Other hotel        
REVENUE        
Total revenue 4,285 17,605 22,534 37,268
Hotel operating expenses:        
Total hotel operating expenses 12,979 36,335 55,069 75,230
Other        
REVENUE        
Total revenue 0 0 0 5
Management fees        
Hotel operating expenses:        
Total hotel operating expenses $ 466 $ 4,166 $ 4,343 $ 8,582