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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
 3 Months Ended 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
REVENUE        
Total revenue $ 159,801 $ 161,189 $ 561,809 $ 497,963
Hotel operating expenses:        
Total hotel operating expenses 116,450 112,696 377,794 324,916
Property taxes, insurance and other 10,471 8,851 27,983 22,731
Depreciation and amortization 22,703 19,604 67,791 57,616
Advisory services fee 7,020 8,854 23,183 22,481
Gain on legal settlements 0 0 0 (114)
Corporate general and administrative 2,506 8,075 9,222 14,008
Total operating expenses 159,150 158,080 505,973 441,638
OPERATING INCOME (LOSS) 651 3,109 55,836 56,325
Equity in earnings (loss) of unconsolidated entity (60) (74) (208) (220)
Interest income 986 745 5,389 932
Other income (expense) 293 27 293 27
Interest expense and amortization of discounts and loan costs (23,306) (14,490) (69,779) (33,293)
Write-off of loan costs and exit fees (2,588) (8) (2,848) (106)
Gain (loss) on extinguishment of debt 0 0 2,318 0
Realized and unrealized gain (loss) on derivatives 223 2,403 918 4,019
INCOME (LOSS) BEFORE INCOME TAXES (23,801) (8,288) (8,081) 27,684
Income tax (expense) benefit 1,190 (95) (1,064) (3,783)
NET INCOME (LOSS) (22,611) (8,383) (9,145) 23,901
(Income) loss attributable to noncontrolling interest in consolidated entities (1,773) (823) (1,715) (2,265)
Net (income) loss attributable to redeemable noncontrolling interests in operating partnership 2,354 1,166 3,018 (647)
NET INCOME (LOSS) ATTRIBUTABLE TO THE COMPANY (22,030) (8,040) (7,842) 20,989
Preferred dividends (10,582) (6,028) (31,809) (13,395)
Deemed dividends on preferred stock (516) (2,649) (3,271) (4,802)
NET INCOME (LOSS) ATTRIBUTABLE TO COMMON STOCKHOLDERS $ (33,128) $ (16,717) $ (42,922) $ 2,792
INCOME (LOSS) PER SHARE - BASIC:        
Net income (loss) attributable to common stockholders (in dollars per share) $ (0.50) $ (0.24) $ (0.63) $ 0.04
Weighted average common shares outstanding – basic (in shares) 65,825 70,956 68,010 69,213
INCOME (LOSS) PER SHARE - DILUTED:        
Net income (loss) attributable to common stockholders (in dollars per share) $ (0.50) $ (0.24) $ (0.63) $ 0.04
Weighted average common shares outstanding – diluted (in shares) 65,825 70,956 68,010 69,214
Total hotel revenue        
REVENUE        
Total revenue $ 159,801 $ 161,189 $ 561,809 $ 497,963
Rooms        
REVENUE        
Total revenue 100,738 104,503 355,402 322,222
Hotel operating expenses:        
Total hotel operating expenses 25,899 25,424 79,962 69,742
Food and beverage        
REVENUE        
Total revenue 38,537 37,624 138,541 116,600
Hotel operating expenses:        
Total hotel operating expenses 32,750 31,320 108,854 91,242
Other hotel        
REVENUE        
Total revenue 20,526 19,062 67,866 59,141
Hotel operating expenses:        
Total hotel operating expenses 52,725 50,836 171,317 149,130
Management fees        
Hotel operating expenses:        
Total hotel operating expenses $ 5,076 $ 5,116 $ 17,661 $ 14,802