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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
 12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
REVENUE      
Total revenue $ 427,542 $ 226,974 $ 487,614
Hotel operating expenses:      
Total hotel operating expenses 287,026 189,977 323,612
Property taxes, insurance and other 34,997 28,483 27,985
Depreciation and amortization 73,762 73,371 70,112
Advisory services fee 22,641 18,486 20,527
(Gain) loss on legal settlements (917) 0 0
Transaction costs 563 0 704
Corporate general and administrative 8,717 6,657 5,435
Total expenses 426,789 316,974 448,375
Gain (loss) on insurance settlement and disposition of assets 696 10,149 25,165
OPERATING INCOME (LOSS) 1,449 (79,851) 64,404
Equity in earnings (loss) of unconsolidated entity (252) (217) (199)
Interest income 48 176 1,087
Other income (expense) 0 (5,126) (13,947)
Interest expense and amortization of discounts and loan costs (30,901) (45,104) (54,507)
Write-off of loan costs and exit fees (1,963) (3,920) (647)
Unrealized gain (loss) on investment in Ashford Inc. 0 0 7,872
Unrealized gain (loss) on derivatives 32 4,959 (1,103)
INCOME (LOSS) BEFORE INCOME TAXES (31,587) (129,083) 2,960
Income tax (expense) benefit (1,324) 4,406 (1,764)
NET INCOME (LOSS) (32,911) (124,677) 1,196
(Income) loss from consolidated entities attributable to noncontrolling interests 2,650 6,436 (2,032)
Net (income) loss attributable to redeemable noncontrolling interests in operating partnership 3,597 12,979 1,207
NET INCOME (LOSS) ATTRIBUTABLE TO THE COMPANY (26,664) (105,262) 371
Preferred dividends (8,745) (10,219) (10,142)
Gain (loss) on extinguishment of preferred stock (4,595) 0 0
NET INCOME (LOSS) ATTRIBUTABLE TO COMMON STOCKHOLDERS $ (40,004) $ (115,481) $ (9,771)
INCOME (LOSS) PER SHARE - BASIC:      
Net income (loss) attributable to common stockholders (in dollars per share) $ (0.76) $ (3.39) $ (0.32)
Weighted average common shares outstanding – basic (in shares) 52,684 33,998 32,289
INCOME (LOSS) PER SHARE - DILUTED:      
Net income (loss) attributable to common stockholders (in dollars per share) $ (0.76) $ (3.39) $ (0.32)
Weighted average common shares outstanding – diluted (in shares) 52,684 33,998 32,289
Total hotel revenue      
REVENUE      
Total revenue $ 427,542 $ 226,974 $ 487,607
Rooms      
REVENUE      
Total revenue 280,568 136,265 303,848
Hotel operating expenses:      
Total hotel operating expenses 59,818 38,054 70,297
Food and beverage      
REVENUE      
Total revenue 90,299 50,263 115,085
Hotel operating expenses:      
Total hotel operating expenses 75,177 46,246 85,679
Other hotel      
REVENUE      
Total revenue 56,675 40,446 68,674
Hotel operating expenses:      
Total hotel operating expenses 138,914 98,467 151,063
Management fees      
Hotel operating expenses:      
Total hotel operating expenses 13,117 7,210 16,573
Other      
REVENUE      
Total revenue $ 0 $ 0 $ 7