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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
 3 Months Ended 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
REVENUE        
Total revenue $ 44,754 $ 118,884 $ 175,169 $ 365,913
Hotel operating expenses:        
Total hotel operating expenses 37,806 79,147 146,093 238,378
Property taxes, insurance and other 6,929 7,690 21,833 20,356
Depreciation and amortization 18,507 16,831 55,398 51,991
Advisory services fee 4,575 5,158 14,545 15,579
Transaction costs 0 0 0 704
Corporate general and administrative 1,405 1,575 4,850 3,633
Total expenses 69,222 110,401 242,719 330,641
Gain (loss) on insurance settlements and disposition of assets 10,149 (1,163) 10,149 (1,154)
OPERATING INCOME (LOSS) (14,319) 7,320 (57,401) 34,118
Equity in earnings (loss) of unconsolidated entity (58) (48) (138) (149)
Interest income 12 249 165 898
Other income (expense) (3,604) (114) (3,806) (370)
Interest expense and amortization of loan costs (8,859) (13,646) (38,167) (41,894)
Write-off of loan costs and exit fees (1,335) (335) (3,572) (647)
Unrealized gain (loss) on investment in Ashford Inc. 0 (1,471) 0 (5,390)
Unrealized gain (loss) on derivatives 3,561 (754) 3,748 (972)
INCOME (LOSS) BEFORE INCOME TAXES (24,602) (8,799) (99,171) (14,406)
Income tax (expense) benefit 1,545 (155) 4,622 (1,493)
NET INCOME (LOSS) (23,057) (8,954) (94,549) (15,899)
(Income) loss attributable to noncontrolling interest in consolidated entities 1,999 (1,899) 4,975 (1,750)
Net (income) loss attributable to redeemable noncontrolling interests in operating partnership 2,381 1,465 10,036 2,770
NET INCOME (LOSS) ATTRIBUTABLE TO THE COMPANY (18,677) (9,388) (79,538) (14,879)
Preferred dividends (2,554) (2,533) (7,664) (7,597)
NET INCOME (LOSS) ATTRIBUTABLE TO COMMON STOCKHOLDERS $ (21,231) $ (11,921) $ (87,202) $ (22,476)
INCOME (LOSS) PER SHARE - BASIC:        
Net income (loss) attributable to common stockholders (in dollars per share) $ (0.63) $ (0.37) $ (2.63) $ (0.71)
Weighted average common shares outstanding – basic (in shares) 33,923 32,347 33,103 32,259
INCOME (LOSS) PER SHARE - DILUTED:        
Net income (loss) attributable to common stockholders (in dollars per share) $ (0.63) $ (0.37) $ (2.63) $ (0.71)
Weighted average common shares outstanding – diluted (in shares) 33,923 32,347 33,103 32,259
Total hotel revenue        
REVENUE        
Total revenue $ 44,754 $ 118,882 $ 175,169 $ 365,906
Rooms        
REVENUE        
Total revenue 28,118 76,808 105,119 228,660
Hotel operating expenses:        
Total hotel operating expenses 7,975 18,265 29,300 52,080
Food and beverage        
REVENUE        
Total revenue 8,537 26,422 39,417 84,326
Hotel operating expenses:        
Total hotel operating expenses 7,994 20,721 35,544 62,325
Other hotel        
REVENUE        
Total revenue 8,099 15,652 30,633 52,920
Hotel operating expenses:        
Total hotel operating expenses 20,516 36,201 75,585 111,431
Other        
REVENUE        
Total revenue 0 2 0 7
Management fees        
Hotel operating expenses:        
Total hotel operating expenses $ 1,321 $ 3,960 $ 5,664 $ 12,542