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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
 3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
REVENUE    
Total revenue $ 219,079 $ 215,301
Hotel operating expenses:    
Total hotel operating expenses 136,033 136,097
Property taxes, insurance and other 10,685 8,116
Depreciation and amortization 25,420 22,521
Advisory services fee 6,700 7,948
Corporate general and administrative (2,226) 2,820
Total operating expenses 176,612 177,502
OPERATING INCOME (LOSS) 42,467 37,799
Equity in earnings (loss) of unconsolidated entity (49) (73)
Interest income 796 2,108
Interest expense and amortization of discounts and loan costs (26,491) (22,873)
Write-off of loan costs and exit fees (721) (12)
Gain (loss) on extinguishment of debt 0 2,318
Realized and unrealized gain (loss) on derivatives 932 (334)
INCOME (LOSS) BEFORE INCOME TAXES 16,934 18,933
Income tax (expense) benefit (1,452) (2,329)
NET INCOME (LOSS) 15,482 16,604
(Income) loss attributable to noncontrolling interest in consolidated entities 743 (309)
Net (income) loss attributable to redeemable noncontrolling interests in operating partnership (296) (261)
NET INCOME (LOSS) ATTRIBUTABLE TO THE COMPANY 15,929 16,034
Preferred dividends (10,407) (10,350)
Deemed dividends on preferred stock (1,998) (2,454)
NET INCOME (LOSS) ATTRIBUTABLE TO COMMON STOCKHOLDERS $ 3,524 $ 3,230
INCOME (LOSS) PER SHARE - BASIC:    
Net income (loss) attributable to common stockholders (in dollars per share) $ 0.05 $ 0.05
Weighted average common shares outstanding – basic (in shares) 66,455 66,498
INCOME (LOSS) PER SHARE - DILUTED:    
Net income (loss) attributable to common stockholders (in dollars per share) $ 0.05 $ 0.05
Weighted average common shares outstanding – diluted (in shares) 268,516 72,478
Total hotel revenue    
REVENUE    
Total revenue $ 219,079 $ 215,301
Rooms    
REVENUE    
Total revenue 138,552 137,527
Hotel operating expenses:    
Total hotel operating expenses 28,264 27,358
Food and beverage    
REVENUE    
Total revenue 53,547 52,228
Hotel operating expenses:    
Total hotel operating expenses 40,717 39,739
Other hotel    
REVENUE    
Total revenue 26,980 25,546
Hotel operating expenses:    
Total hotel operating expenses 60,076 62,295
Management fees    
Hotel operating expenses:    
Total hotel operating expenses $ 6,976 $ 6,705