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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands
 12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
REVENUE      
Total revenue $ 226,974,000 $ 487,614,000 $ 431,398,000
Hotel operating expenses:      
Total hotel operating expenses 189,977,000 323,612,000 272,632,000
Property taxes, insurance and other 28,483,000 27,985,000 26,027,000
Depreciation and amortization 73,371,000 70,112,000 57,383,000
Impairment charges 0 0 71,000
Advisory services fee 18,486,000 20,527,000 20,012,000
Transaction costs 0 704,000 949,000
Corporate general and administrative 6,657,000 5,435,000 4,237,000
Total expenses 316,974,000 448,375,000 381,311,000
Gain (loss) on insurance settlement, disposition of assets and sale of hotel property 10,149,000 25,165,000 15,738,000
OPERATING INCOME (LOSS) (79,851,000) 64,404,000 65,825,000
Equity in earnings (loss) of unconsolidated entity (217,000) (199,000) (234,000)
Interest income 176,000 1,087,000 1,602,000
Other income (expense) (5,126,000) (13,947,000) (253,000)
Interest expense and amortization of loan costs (45,104,000) (54,507,000) (49,653,000)
Write-off of loan costs and exit fees (3,920,000) (647,000) (4,178,000)
Unrealized gain (loss) on investment in Ashford Inc. 0 7,872,000 (8,010,000)
Unrealized gain (loss) on derivatives 4,959,000 (1,103,000) (82,000)
INCOME (LOSS) BEFORE INCOME TAXES (129,083,000) 2,960,000 5,017,000
Income tax (expense) benefit 4,406,000 (1,764,000) (2,432,000)
NET INCOME (LOSS) (124,677,000) 1,196,000 2,585,000
(Income) loss attributable to noncontrolling interest in consolidated entities 6,436,000 (2,032,000) (2,016,000)
Net (income) loss attributable to redeemable noncontrolling interests in operating partnership 12,979,000 1,207,000 751,000
NET INCOME (LOSS) ATTRIBUTABLE TO THE COMPANY (105,262,000) 371,000 1,320,000
Preferred dividends (10,219,000) (10,142,000) (7,205,000)
NET INCOME (LOSS) ATTRIBUTABLE TO COMMON STOCKHOLDERS $ (115,481,000) $ (9,771,000) $ (5,885,000)
INCOME (LOSS) PER SHARE - BASIC:      
Net income (loss) attributable to common stockholders (in dollars per share) $ (3.39) $ (0.32) $ (0.19)
Weighted average common shares outstanding – basic (in shares) 33,998 32,289 31,944
INCOME (LOSS) PER SHARE - DILUTED:      
Net income (loss) attributable to common stockholders (in dollars per share) $ (3.39) $ (0.32) $ (0.19)
Weighted average common shares outstanding – diluted (in shares) 33,998 32,289 31,944
Total hotel revenue      
REVENUE      
Total revenue $ 226,974,000 $ 487,607,000 $ 431,398,000
Rooms      
REVENUE      
Total revenue 136,265,000 303,848,000 282,775,000
Hotel operating expenses:      
Total hotel operating expenses 38,054,000 70,297,000 62,498,000
Food and beverage      
REVENUE      
Total revenue 50,263,000 115,085,000 94,671,000
Hotel operating expenses:      
Total hotel operating expenses 46,246,000 85,679,000 66,386,000
Other hotel      
REVENUE      
Total revenue 40,446,000 68,674,000 53,952,000
Hotel operating expenses:      
Total hotel operating expenses 98,467,000 151,063,000 128,100,000
Other      
REVENUE      
Total revenue 0 7,000 0
Management fees      
Hotel operating expenses:      
Total hotel operating expenses $ 7,210,000 $ 16,573,000 $ 15,648,000