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Equity (Tables)
 12 Months Ended
Dec. 31, 2023
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,
202320222021
Common stock dividends declared$13,423 $5,665 $— 
The following table summarizes dividends declared (in thousands):
Year Ended December 31,
202320222021
Series D Cumulative Preferred Stock$3,300 $3,300 $3,300 
Schedule of Issuance Activity
The issuance activity is summarized below (in thousands):
Year Ended December 31,
202320222021
Common shares issued— — 2,711 
Gross proceeds received$— $— $16,119 
Commissions— — 202 
Net proceeds$— $— $15,917 
The issuance activity under the SEDA is summarized below (in thousands):
Year Ended December 31,
202320222021
Common shares sold to YA— — 1,700 
Proceeds received$— $— $10,000 
The issuance activity under the Virtu July 2021 EDA is summarized below (in thousands):
Year Ended December 31,
202320222021
Common shares issued— — 4,712 
Gross proceeds received$— $— $24,020 
Commissions— — 240 
Net proceeds$— $— $23,780 
Summarized Financial Information
The following table summarizes our carrying value and ownership interest in OpenKey:
December 31, 2023December 31, 2022
Carrying value of the investment in OpenKey (in thousands)$1,416 $1,689 
Ownership interest in OpenKey7.9 %7.9 %
The following table summarizes our equity in earnings (loss) in OpenKey (in thousands):
Year Ended December 31,
Line Item202320222021
Equity in earnings (loss) of unconsolidated entity$(273)$(328)$(252)
The following table summarizes our note receivable from OpenKey (in thousands):
Line ItemDecember 31, 2023December 31, 2022
Investment in unconsolidated entity$258 $— 
The following table summarizes the interest income associated with the loan to OpenKey (in thousands):
Year Ended December 31,
Line Item202320222021
Equity in earnings (loss) of unconsolidated entity$20 $— $— 
The following table summarizes the (income) loss allocated to the noncontrolling interest in consolidated entities (in thousands):
Year Ended December 31,
202320222021
(Income) loss from consolidated entities attributable to noncontrolling interests$(1,619)$(2,063)$2,650