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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Jun. 30, 2021
Jun. 30, 2020
REVENUE        
Total revenue $ 97,110 $ 12,895 $ 180,958 $ 130,415
Hotel operating expenses:        
Total hotel operating expenses 66,232 20,539 122,274 108,287
Property taxes, insurance and other 7,190 7,244 14,454 14,904
Depreciation and amortization 18,244 18,553 36,597 36,891
Advisory services fee 6,739 4,901 11,534 9,970
(Gain) loss on legal settlements (989) 0 (989) 0
Transaction costs 296 0 296 0
Corporate general and administrative 2,383 1,513 3,983 3,445
Total expenses 100,095 52,750 188,149 173,497
Gain (loss) on insurance settlement and disposition of assets 197 0 696 0
OPERATING INCOME (LOSS) (2,788) (39,855) (6,495) (43,082)
Equity in earnings (loss) of unconsolidated entity (66) (40) (130) (80)
Interest income 12 24 21 153
Other income (expense) 0 (64) 0 (202)
Interest expense and amortization of discounts and loan costs (7,226) (17,411) (13,982) (29,308)
Write-off of loan costs and exit fees (1,177) (2,237) (1,528) (2,237)
Unrealized gain (loss) on derivatives (58) (969) (78) 187
INCOME (LOSS) BEFORE INCOME TAXES (11,303) (60,552) (22,192) (74,569)
Income tax (expense) benefit (61) 4,447 (206) 3,077
NET INCOME (LOSS) (11,364) (56,105) (22,398) (71,492)
(Income) loss attributable to noncontrolling interest in consolidated entities 849 2,404 2,096 2,976
Net (income) loss attributable to redeemable noncontrolling interests in operating partnership 1,282 5,770 2,361 7,655
NET INCOME (LOSS) ATTRIBUTABLE TO THE COMPANY (9,233) (47,931) (17,941) (60,861)
Preferred dividends (1,893) (2,555) (4,281) (5,110)
Gain (loss) on extinguishment of preferred stock (4,411) 0 (4,484) 0
NET INCOME (LOSS) ATTRIBUTABLE TO COMMON STOCKHOLDERS $ (15,537) $ (50,486) $ (26,706) $ (65,971)
INCOME (LOSS) PER SHARE - BASIC:        
Net income (loss) attributable to common stockholders (in dollars per share) $ (0.32) $ (1.53) $ (0.61) $ (2.02)
Weighted average common shares outstanding – basic (in shares) 47,820 32,907 43,737 32,688
INCOME (LOSS) PER SHARE - DILUTED:        
Net income (loss) attributable to common stockholders (in dollars per share) $ (0.32) $ (1.53) $ (0.61) $ (2.02)
Weighted average common shares outstanding – diluted (in shares) 47,820 32,907 43,737 32,688
Total hotel revenue        
REVENUE        
Total revenue $ 97,110 $ 12,895 $ 180,958 $ 130,415
Rooms        
REVENUE        
Total revenue 63,837 6,533 118,160 77,001
Hotel operating expenses:        
Total hotel operating expenses 13,482 3,445 24,497 21,325
Food and beverage        
REVENUE        
Total revenue 19,853 2,077 36,482 30,880
Hotel operating expenses:        
Total hotel operating expenses 16,322 3,649 30,274 27,550
Other hotel        
REVENUE        
Total revenue 13,420 4,285 26,316 22,534
Hotel operating expenses:        
Total hotel operating expenses 33,476 12,979 62,019 55,069
Management fees        
Hotel operating expenses:        
Total hotel operating expenses $ 2,952 $ 466 $ 5,484 $ 4,343