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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
 3 Months Ended 9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Sep. 30, 2021
Sep. 30, 2020
REVENUE        
Total revenue $ 116,177 $ 44,754 $ 297,135 $ 175,169
Hotel operating expenses:        
Total hotel operating expenses 77,043 37,806 199,317 146,093
Property taxes, insurance and other 12,622 6,929 27,076 21,833
Depreciation and amortization 18,284 18,507 54,881 55,398
Advisory services fee 4,809 4,575 16,343 14,545
(Gain) loss on legal settlements 0 0 (989) 0
Transaction costs 275 0 571 0
Corporate general and administrative 2,094 1,405 6,077 4,850
Total expenses 115,127 69,222 303,276 242,719
Gain (loss) on insurance settlement and disposition of assets 0 10,149 696 10,149
OPERATING INCOME (LOSS) 1,050 (14,319) (5,445) (57,401)
Equity in earnings (loss) of unconsolidated entity (68) (58) (198) (138)
Interest income 13 12 34 165
Other income (expense) 0 (3,604) 0 (3,806)
Interest expense and amortization of discounts and loan costs (8,364) (8,859) (22,346) (38,167)
Write-off of loan costs and exit fees (432) (1,335) (1,960) (3,572)
Unrealized gain (loss) on derivatives 142 3,561 64 3,748
INCOME (LOSS) BEFORE INCOME TAXES (7,659) (24,602) (29,851) (99,171)
Income tax (expense) benefit (560) 1,545 (766) 4,622
NET INCOME (LOSS) (8,219) (23,057) (30,617) (94,549)
(Income) loss attributable to noncontrolling interest in consolidated entities 450 1,999 2,546 4,975
Net (income) loss attributable to redeemable noncontrolling interests in operating partnership 823 2,381 3,184 10,036
NET INCOME (LOSS) ATTRIBUTABLE TO THE COMPANY (6,946) (18,677) (24,887) (79,538)
Preferred dividends (1,977) (2,554) (6,258) (7,664)
Gain (loss) on extinguishment of preferred stock (111) 0 (4,595) 0
NET INCOME (LOSS) ATTRIBUTABLE TO COMMON STOCKHOLDERS $ (9,034) $ (21,231) $ (35,740) $ (87,202)
INCOME (LOSS) PER SHARE - BASIC:        
Net income (loss) attributable to common stockholders (in dollars per share) $ (0.15) $ (0.63) $ (0.73) $ (2.63)
Weighted average common shares outstanding – basic (in shares) 59,207 33,923 48,954 33,103
INCOME (LOSS) PER SHARE - DILUTED:        
Net income (loss) attributable to common stockholders (in dollars per share) $ (0.15) $ (0.63) $ (0.73) $ (2.63)
Weighted average common shares outstanding – diluted (in shares) 59,207 33,923 48,954 33,103
Total hotel revenue        
REVENUE        
Total revenue $ 116,177 $ 44,754 $ 297,135 $ 175,169
Rooms        
REVENUE        
Total revenue 77,560 28,118 195,720 105,119
Hotel operating expenses:        
Total hotel operating expenses 17,072 7,975 41,569 29,300
Food and beverage        
REVENUE        
Total revenue 24,494 8,537 60,976 39,417
Hotel operating expenses:        
Total hotel operating expenses 20,252 7,994 50,526 35,544
Other hotel        
REVENUE        
Total revenue 14,123 8,099 40,439 30,633
Hotel operating expenses:        
Total hotel operating expenses 36,124 20,516 98,143 75,585
Management fees        
Hotel operating expenses:        
Total hotel operating expenses $ 3,595 $ 1,321 $ 9,079 $ 5,664