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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
 3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
REVENUE    
Total revenue $ 83,848 $ 117,520
Hotel operating expenses:    
Total hotel operating expenses 56,042 87,748
Property taxes, insurance and other 7,264 7,660
Depreciation and amortization 18,353 18,338
Advisory services fee 4,795 5,069
Corporate general and administrative 1,600 1,932
Total expenses 88,054 120,747
Gain (loss) on insurance settlement and disposition of assets 499 0
OPERATING INCOME (LOSS) (3,707) (3,227)
Equity in earnings (loss) of unconsolidated entity (64) (40)
Interest income 9 129
Other income (expense) 0 (138)
Interest expense and amortization of loan costs (6,756) (11,897)
Write-off of loan costs and exit fees (351) 0
Unrealized gain (loss) on derivatives (20) 1,156
INCOME (LOSS) BEFORE INCOME TAXES (10,889) (14,017)
Income tax (expense) benefit (145) (1,370)
NET INCOME (LOSS) (11,034) (15,387)
(Income) loss attributable to noncontrolling interest in consolidated entities 1,247 572
Net (income) loss attributable to redeemable noncontrolling interests in operating partnership 1,079 1,885
NET INCOME (LOSS) ATTRIBUTABLE TO THE COMPANY (8,708) (12,930)
Preferred dividends (2,388) (2,555)
Gain (loss) on extinguishment of preferred stock (73) 0
NET INCOME (LOSS) ATTRIBUTABLE TO COMMON STOCKHOLDERS $ (11,169) $ (15,485)
INCOME (LOSS) PER SHARE - BASIC:    
Net income (loss) attributable to common stockholders (in dollars per share) $ (0.28) $ (0.48)
Weighted average common shares outstanding – basic (in shares) 39,605 32,474
INCOME (LOSS) PER SHARE - DILUTED:    
Net income (loss) attributable to common stockholders (in dollars per share) $ (0.28) $ (0.48)
Weighted average common shares outstanding – diluted (in shares) 39,605 32,474
Total hotel revenue    
REVENUE    
Total revenue $ 83,848 $ 117,520
Rooms    
REVENUE    
Total revenue 54,323 70,468
Hotel operating expenses:    
Total hotel operating expenses 11,015 17,880
Food and beverage    
REVENUE    
Total revenue 16,629 28,803
Hotel operating expenses:    
Total hotel operating expenses 13,952 23,901
Other hotel    
REVENUE    
Total revenue 12,896 18,249
Hotel operating expenses:    
Total hotel operating expenses 28,543 42,090
Management fees    
Hotel operating expenses:    
Total hotel operating expenses $ 2,532 $ 3,877