Selected Quarterly Financial Data (Unaudited) (Tables)

12 Months Ended

Dec. 31, 2019

Selected Quarterly Financial Information [Abstract]

Selected Quarterly Financial Data (Unaudited)

	Year Ended December 31, 2019
	First Quarter			Second Quarter			Third Quarter			Fourth Quarter
Hotel Operating Revenues:
Room	$	91,485		$	118,980		$	108,909		$	105,324
Food & Beverage	14,228			18,253			15,870			17,028
Other	8,930			10,280			10,140			10,241
Other Revenues	274			46			142			124
Hotel Operating Expenses:
Room	22,090			24,013			24,000			23,385
Food & Beverage	12,832			13,990			12,605			13,393
Other	40,189			44,607			43,476			42,856
Other Expenses	53,133			55,658			55,062			55,411
(Loss) Income from Unconsolidated Joint Ventures	181			299			38			173
Income (Loss) Before Income Taxes	(13,146		)	9,590			(44		)	(2,155		)
Income Tax (Expense) Benefit	5,264			(4,031		)	551			(1,876		)
Net Income	(7,882		)	5,559			507			(4,031		)
Income (loss) Allocated to Noncontrolling Interests	(1,063		)	(49		)	(442		)	(812		)
Income (loss) Allocated to Noncontrolling Interests - Consolidated Joint Venture	140			(292		)	340			—
Preferred Distributions	6,044			6,043			6,044			6,043
Net Income (Loss) applicable to Common Shareholders	$	(13,003	)	$	(143	)	$	(5,435	)	$	(9,262	)
Earnings per share:
Basic Net Income (Loss) applicable to Common Shareholders	$	(0.34	)	$	(0.01	)	$	(0.15	)	$	(0.24	)
Diluted Net Income (Loss) applicable to Common Shareholders	$	(0.34	)	$	(0.01	)	$	(0.15	)	$	(0.24	)
Weighted Average Common Shares Outstanding - Basic	39,115,390			39,127,385			38,878,818			38,516,879
Weighted Average Common Shares Outstanding - Diluted	39,115,390			39,127,385			38,878,818			38,516,879
	Year Ended December 31, 2018
	First Quarter			Second Quarter			Third Quarter			Fourth Quarter
Hotel Operating Revenues:
Room	$	79,048		$	109,492		$	103,958		$	105,409
Food & Beverage	13,538			17,001			15,628			18,379
Other	6,929			7,269			8,143			8,884
Other Revenues	3,544			84			170			1,870
Hotel Operating Expenses:
Room	19,356			22,945			23,615			22,747
Food & Beverage	11,851			13,331			12,475			14,465
Other	35,575			40,383			40,205			41,901
Other Expenses	47,879			44,717			46,514			53,839
(Loss) Income from Unconsolidated Joint Ventures	(201		)	537			582			166
(Loss) Income Before Income Taxes	(11,803		)	13,007			5,672			1,756
Income Tax Benefit	2,655			(1,170		)	(2,685		)	933
Net (Loss) Income	(9,148		)	11,837			2,987			2,689
(Loss) Income Allocated to Noncontrolling Interests	(1,104		)	500			(72		)	(240		)
(Loss) Income Allocated to Noncontrolling Interests - Consolidated Joint Ventures	—			(1,200		)	250			241
Preferred Distributions	6,044			6,043			6,044			6,043
Net (Loss) Income applicable to Common Shareholders	$	(14,088	)	$	6,494		$	(3,235	)	$	(3,355	)
Earnings per share:
Basic Net (Loss) Income applicable to Common Shareholders	$	(0.36	)	$	0.16		$	(0.09	)	$	(0.09	)
Diluted Net (Loss) Income applicable to Common Shareholders	$	(0.36	)	$	0.16		$	(0.09	)	$	(0.09	)
Weighted Average Common Shares Outstanding - Basic	39,636,166			39,246,946			39,321,062			39,334,877
Weighted Average Common Shares Outstanding - Diluted	39,636,166			39,926,099			39,321,062			39,334,877