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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
 3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
REVENUE    
Total revenue $ 215,301 $ 161,880
Hotel operating expenses:    
Total hotel operating expenses 136,097 98,567
Property taxes, insurance and other 8,116 8,603
Depreciation and amortization 22,521 18,441
Advisory services fee 7,948 7,322
Corporate general and administrative 2,820 2,495
Total operating expenses 177,502 135,428
OPERATING INCOME (LOSS) 37,799 26,452
Equity in earnings (loss) of unconsolidated entity (73) (72)
Interest income 2,108 25
Interest expense and amortization of discounts and loan costs (22,873) (8,522)
Write-off of loan costs and exit fees (12) (76)
Gain (loss) on extinguishment of debt 2,318 0
Realized and unrealized gain (loss) on derivatives (334) 408
INCOME (LOSS) BEFORE INCOME TAXES 18,933 18,215
Income tax (expense) benefit (2,329) (2,611)
NET INCOME (LOSS) 16,604 15,604
(Income) loss attributable to noncontrolling interest in consolidated entities (309) 26
Net (income) loss attributable to redeemable noncontrolling interests in operating partnership (261) (967)
NET INCOME (LOSS) ATTRIBUTABLE TO THE COMPANY 16,034 14,663
Preferred dividends (10,350) (3,303)
Deemed dividends on preferred stock (2,454) 0
NET INCOME (LOSS) ATTRIBUTABLE TO COMMON STOCKHOLDERS $ 3,230 $ 11,360
INCOME (LOSS) PER SHARE - BASIC:    
Net income (loss) attributable to common stockholders (in dollars per share) $ 0.05 $ 0.17
Weighted average common shares outstanding – basic (in shares) 66,498 65,878
INCOME (LOSS) PER SHARE - DILUTED:    
Net income (loss) attributable to common stockholders (in dollars per share) $ 0.05 $ 0.15
Weighted average common shares outstanding – diluted (in shares) 72,478 89,895
Total hotel revenue    
REVENUE    
Total revenue $ 215,301 $ 161,880
Rooms    
REVENUE    
Total revenue 137,527 105,192
Hotel operating expenses:    
Total hotel operating expenses 27,358 20,184
Food and beverage    
REVENUE    
Total revenue 52,228 36,707
Hotel operating expenses:    
Total hotel operating expenses 39,739 28,028
Other hotel    
REVENUE    
Total revenue 25,546 19,981
Hotel operating expenses:    
Total hotel operating expenses 62,295 46,207
Management fees    
Hotel operating expenses:    
Total hotel operating expenses $ 6,705 $ 4,148