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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
REVENUE        
Total revenue $ 186,707 $ 174,894 $ 402,008 $ 336,774
Hotel operating expenses:        
Total hotel operating expenses 125,247 113,653 261,344 212,220
Property taxes, insurance and other 9,396 5,277 17,512 13,880
Depreciation and amortization 22,567 19,571 45,088 38,012
Advisory services fee 8,215 6,305 16,163 13,627
Gain on legal settlements 0 (114) 0 (114)
Corporate general and administrative 3,896 3,438 6,716 5,933
Total operating expenses 169,321 148,130 346,823 283,558
OPERATING INCOME (LOSS) 17,386 26,764 55,185 53,216
Equity in earnings (loss) of unconsolidated entity (75)   (148) (146)
Interest income 2,295 162 4,403 187
Interest expense and amortization of discounts and loan costs (23,600) (10,281) (46,473) (18,803)
Write-off of loan costs and exit fees (248) (22) (260) (98)
Gain (loss) on extinguishment of debt 0 0 2,318 0
Realized and unrealized gain (loss) on derivatives 1,029 1,208 695 1,616
INCOME (LOSS) BEFORE INCOME TAXES (3,213) 17,757 15,720 35,972
Income tax (expense) benefit 75 (1,077) (2,254) (3,688)
NET INCOME (LOSS) (3,138) 16,680 13,466 32,284
(Income) loss attributable to noncontrolling interest in consolidated entities 367 (1,468) 58 (1,442)
Net (income) loss attributable to redeemable noncontrolling interests in operating partnership 925 (846) 664 (1,813)
NET INCOME (LOSS) ATTRIBUTABLE TO THE COMPANY (1,846) 14,366 14,188 29,029
Preferred dividends (10,877) (4,064) (21,227) (7,367)
Deemed dividends on preferred stock (301) 0 (2,755) 0
NET INCOME (LOSS) ATTRIBUTABLE TO COMMON STOCKHOLDERS $ (13,024) $ 10,302 $ (9,794) $ 21,662
INCOME (LOSS) PER SHARE - BASIC:        
Net income (loss) attributable to common stockholders (in dollars per share) $ (0.20) $ 0.14 $ (0.14) $ 0.31
Weighted average common shares outstanding – basic (in shares) 65,806 70,740 68,378 68,325
INCOME (LOSS) PER SHARE - DILUTED:        
Net income (loss) attributable to common stockholders (in dollars per share) $ (0.20) $ 0.12 $ (0.14) $ 0.27
Weighted average common shares outstanding – diluted (in shares) 65,806 107,669 68,378 98,798
Total hotel revenue        
REVENUE        
Total revenue $ 186,707 $ 174,894 $ 402,008 $ 336,774
Rooms        
REVENUE        
Total revenue 117,137 112,527 254,664 217,719
Hotel operating expenses:        
Total hotel operating expenses 26,705 24,134 54,063 44,318
Food and beverage        
REVENUE        
Total revenue 47,776 42,269 100,004 78,976
Hotel operating expenses:        
Total hotel operating expenses 36,365 31,894 76,104 59,922
Other hotel        
REVENUE        
Total revenue 21,794 20,098 47,340 40,079
Hotel operating expenses:        
Total hotel operating expenses 56,297 52,087 118,592 98,294
Management fees        
Hotel operating expenses:        
Total hotel operating expenses $ 5,880 $ 5,538 $ 12,585 $ 9,686