SELECTED QUARTERLY FINANCIAL DATA (UNAUDITED) (Tables)

12 Months Ended

Dec. 31, 2022

Selected Quarterly Financial Information [Abstract]

Schedule of Selected Quarterly Financial Data (Unaudited)

	Year Ended December 31, 2022
	First Quarter		Second Quarter		Third Quarter		Fourth Quarter
Hotel Operating Revenues:
Room	$	65,132	$	98,242	$	81,473	$	72,793
Food & Beverage	9,056		15,710		14,405		16,642
Other	7,639		9,247		8,263		6,943
Other Revenues	41		91		107		90
Hotel Operating Expenses:
Room	14,590		19,447		17,892		15,811
Food & Beverage	8,404		11,607		11,342		12,780
Other	26,356		36,039		33,425		29,528
Other Expenses	48,160		46,877		(99,524)		2,227
Loss from Unconsolidated Joint Ventures	(936)		357		478		48
Income (Loss) Before Income Taxes	(16,578)		9,677		141,591		36,170
Income Tax Benefit (Expense)	(21)		(93)		(5,402)		716
Net Income (Loss)	(16,599)		9,584		136,189		36,886
Income (loss) Allocated to Noncontrolling Interests	(2,681)		423		15,283		3,547
(Loss) Income Allocated to Noncontrolling Interests - Consolidated Joint Venture	2,273		691		(615)		417
Preferred Distributions	6,044		6,043		6,044		6,043
Net Income (Loss) applicable to Common Shareholders	$	(22,235)	$	2,427	$	115,477	$	26,879
Earnings per share:
Basic Net Income (Loss) applicable to Common Shareholders	$	(0.57)	$	0.06	$	2.92	$	0.65
Diluted Net Income (Loss) applicable to Common Shareholders	$	(0.57)	$	0.06	$	2.82	$	0.62
Weighted Average Common Shares Outstanding - Basic	39,231,550		39,277,269		39,465,645		39,497,268
Weighted Average Common Shares Outstanding - Diluted	39,231,550		40,453,785		40,962,773		41,534,541
	Year Ended December 31, 2021
	First Quarter		Second Quarter		Third Quarter		Fourth Quarter
Hotel Operating Revenues:
Room	$	39,350	$	56,539	$	68,302	$	73,797
Food & Beverage	3,074		7,230		9,616		11,858
Other	4,729		6,314		7,289		7,768
Other Revenues	12		13		44		54
Hotel Operating Expenses:
Room	9,198		12,350		14,706		15,631
Food & Beverage	2,873		5,409		7,123		9,351
Other	20,109		23,551		28,160		29,695
Other Expenses	5,459		51,198		49,930		51,471
Loss from Unconsolidated Joint Ventures	(658)		(589)		(611)		(434)
Loss Before Income Taxes	8,868		(23,001)		(15,279)		(13,105)
Income Tax Benefit (Expense)	589		(151)		(277)		(999)
Net Loss	9,457		(23,152)		(15,556)		(14,104)
Loss Allocated to Noncontrolling Interests	358		(2,907)		(2,130)		(1,997)
Loss Allocated to Noncontrolling Interests - Consolidated Joint Ventures	(158)		1,968		—		342
Preferred Distributions	6,043		6,044		6,044		6,043
Net Loss applicable to Common Shareholders	$	3,214	$	(28,257)	$	(19,470)	$	(18,492)
Earnings per share:
Basic Net Loss applicable to Common Shareholders	$	0.08	$	(0.72)	$	(0.50)	$	(0.47)
Diluted Net Loss applicable to Common Shareholders	$	0.08	$	(0.72)	$	(0.50)	$	(0.47)
Weighted Average Common Shares Outstanding - Basic	38,970,893		39,097,820		39,139,610		39,149,120
Weighted Average Common Shares Outstanding - Diluted	39,840,474		39,097,820		39,139,610		39,149,120