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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
 3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
REVENUE    
Total revenue $ 161,880 $ 83,848
Hotel operating expenses:    
Total hotel operating expenses 98,567 56,042
Property taxes, insurance and other 8,603 7,264
Depreciation and amortization 18,441 18,353
Advisory services fee 7,322 4,795
Corporate general and administrative 2,495 1,600
Total expenses 135,428 88,054
Gain (loss) on insurance settlement and disposition of assets 0 499
OPERATING INCOME (LOSS) 26,452 (3,707)
Equity in earnings (loss) of unconsolidated entity (72) (64)
Interest income 25 9
Interest expense and amortization of discounts and loan costs (8,522) (6,756)
Write-off of loan costs and exit fees (76) (351)
Unrealized gain (loss) on derivatives 408 (20)
INCOME (LOSS) BEFORE INCOME TAXES 18,215 (10,889)
Income tax (expense) benefit (2,611) (145)
NET INCOME (LOSS) 15,604 (11,034)
(Income) loss attributable to noncontrolling interest in consolidated entities 26 1,247
Net (income) loss attributable to redeemable noncontrolling interests in operating partnership (967) 1,079
NET INCOME (LOSS) ATTRIBUTABLE TO THE COMPANY 14,663 (8,708)
Preferred dividends (3,303) (2,388)
Gain (loss) on extinguishment of preferred stock 0 (73)
NET INCOME (LOSS) ATTRIBUTABLE TO COMMON STOCKHOLDERS $ 11,360 $ (11,169)
INCOME (LOSS) PER SHARE - BASIC:    
Net income (loss) attributable to common stockholders (in dollars per share) $ 0.17 $ (0.28)
Weighted average common shares outstanding – basic (in shares) 65,878 39,605
INCOME (LOSS) PER SHARE - DILUTED:    
Net income (loss) attributable to common stockholders (in dollars per share) $ 0.15 $ (0.28)
Weighted average common shares outstanding – diluted (in shares) 89,895 39,605
Total hotel revenue    
REVENUE    
Total revenue $ 161,880 $ 83,848
Rooms    
REVENUE    
Total revenue 105,192 54,323
Hotel operating expenses:    
Total hotel operating expenses 20,184 11,015
Food and beverage    
REVENUE    
Total revenue 36,707 16,629
Hotel operating expenses:    
Total hotel operating expenses 28,028 13,952
Other hotel    
REVENUE    
Total revenue 19,981 12,896
Hotel operating expenses:    
Total hotel operating expenses 46,207 28,543
Management fees    
Hotel operating expenses:    
Total hotel operating expenses $ 4,148 $ 2,532