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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
REVENUE        
Total revenue $ 174,894 $ 97,110 $ 336,774 $ 180,958
Hotel operating expenses:        
Total hotel operating expenses 113,653 66,232 212,220 122,274
Property taxes, insurance and other 5,277 7,190 13,880 14,454
Depreciation and amortization 19,571 18,244 38,012 36,597
Advisory services fee 6,305 6,739 13,627 11,534
(Gain) loss on legal settlements (114) (989) (114) (989)
Transaction costs 0 296 0 296
Corporate general and administrative 3,438 2,383 5,933 3,983
Total expenses 148,130 100,095 283,558 188,149
Gain (loss) on insurance settlement and disposition of assets 0 197 0 696
OPERATING INCOME (LOSS) 26,764 (2,788) 53,216 (6,495)
Equity in earnings (loss) of unconsolidated entity (74) (66) (146) (130)
Interest income 162 12 187 21
Interest expense and amortization of discounts and loan costs (10,281) (7,226) (18,803) (13,982)
Write-off of loan costs and exit fees (22) (1,177) (98) (1,528)
Unrealized gain (loss) on derivatives 1,208 (58) 1,616 (78)
INCOME (LOSS) BEFORE INCOME TAXES 17,757 (11,303) 35,972 (22,192)
Income tax (expense) benefit (1,077) (61) (3,688) (206)
NET INCOME (LOSS) 16,680 (11,364) 32,284 (22,398)
(Income) loss attributable to noncontrolling interest in consolidated entities (1,468) 849 (1,442) 2,096
Net (income) loss attributable to redeemable noncontrolling interests in operating partnership (846) 1,282 (1,813) 2,361
NET INCOME (LOSS) ATTRIBUTABLE TO THE COMPANY 14,366 (9,233) 29,029 (17,941)
Preferred dividends (4,064) (1,893) (7,367) (4,281)
Gain (loss) on extinguishment of preferred stock 0 (4,411) 0 (4,484)
NET INCOME (LOSS) ATTRIBUTABLE TO COMMON STOCKHOLDERS $ 10,302 $ (15,537) $ 21,662 $ (26,706)
INCOME (LOSS) PER SHARE - BASIC:        
Net income (loss) attributable to common stockholders (in dollars per share) $ 0.14 $ (0.32) $ 0.31 $ (0.61)
Weighted average common shares outstanding – basic (in shares) 70,740 47,820 68,325 43,737
INCOME (LOSS) PER SHARE - DILUTED:        
Net income (loss) attributable to common stockholders (in dollars per share) $ 0.12 $ (0.32) $ 0.27 $ (0.61)
Weighted average common shares outstanding – diluted (in shares) 107,669 47,820 98,798 43,737
Total hotel revenue        
REVENUE        
Total revenue $ 174,894 $ 97,110 $ 336,774 $ 180,958
Rooms        
REVENUE        
Total revenue 112,527 63,837 217,719 118,160
Hotel operating expenses:        
Total hotel operating expenses 24,134 13,482 44,318 24,497
Food and beverage        
REVENUE        
Total revenue 42,269 19,853 78,976 36,482
Hotel operating expenses:        
Total hotel operating expenses 31,894 16,322 59,922 30,274
Other hotel        
REVENUE        
Total revenue 20,098 13,420 40,079 26,316
Hotel operating expenses:        
Total hotel operating expenses 52,087 33,476 98,294 62,019
Management fees        
Hotel operating expenses:        
Total hotel operating expenses $ 5,538 $ 2,952 $ 9,686 $ 5,484