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Equity (Tables)
 12 Months Ended
Dec. 31, 2022
Equity [Abstract]  
Dividends Declared
Common Stock Dividends—The following table summarizes the common stock dividends declared during the period (in thousands):
Year Ended December 31,
202220212020
Common stock dividends declared$5,665 $— $— 
The following table summarizes dividends declared (in thousands):
Year Ended December 31,
202220212020
Series D Cumulative Preferred Stock$3,300 $3,300 $3,300 
Schedule of Issuance Activity
The issuance activity is summarized below (in thousands):
Year Ended December 31,
202220212020
Common shares issued— 2,711 4,729 
Gross proceeds received$— $16,119 $14,717 
Commissions— 202 184 
Net proceeds$— $15,917 $14,533 
The issuance activity under the SEDA is summarized below (in thousands):
Year Ended December 31,
20222021
Common shares sold to YA— 1,700 
Proceeds received$— $10,000 
The issuance activity under the Lincoln Park Purchase Agreement is summarized below (in thousands):
Year Ended December 31,
20222021
Common shares sold to Lincoln Park— 766 
Additional commitment shares— 15 
Total common shares issued to Lincoln Park— 781 
Proceeds received$— $4,217 
The issuance activity under the Virtu May 2021 EDA is summarized below (in thousands):
Year Ended December 31,
20222021
Common shares issued— 8,339 
Gross proceeds received$— $50,000 
Commissions— 500 
Net proceeds$— $49,500 
The issuance activity under the Virtu July 2021 EDA is summarized below (in thousands):
Year Ended December 31,
20222021
Common shares issued— 4,712 
Gross proceeds received$— $24,020 
Commissions— 240 
Net proceeds$— $23,780 
Summarized Financial Information
The following table summarizes our carrying value and ownership interest in OpenKey:
December 31, 2022December 31, 2021
Carrying value of the investment in OpenKey (in thousands)$1,689 $1,689 
Ownership interest in OpenKey7.9 %7.8 %
The following table summarizes our equity in earnings (loss) in OpenKey (in thousands):
Year Ended December 31,
Line Item202220212020
Equity in earnings (loss) of unconsolidated entity$(328)$(252)$(217)
The following table summarizes the (income) loss allocated to the noncontrolling interest in consolidated entities (in thousands):
Year Ended December 31,
202220212020
(Income) loss from consolidated entities attributable to noncontrolling interests$(2,063)$2,650 $6,436