Consolidated Statements of Operations - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Total revenue	$ 87,885,000	$ 64,295,000	$ 224,531,000	$ 146,653,000
Total hotel operating expenses	43,686,000	35,377,000	118,712,000	85,743,000
Depreciation and amortization	14,658,000	13,668,000	44,971,000	40,355,000
Property taxes, ground rent and insurance	5,669,000	6,114,000	16,559,000	17,947,000
General and administrative	4,592,000	4,147,000	12,998,000	11,993,000
Other charges	304,000	256,000	704,000	633,000
Reimbursable costs from unconsolidated entities	313,000	286,000	997,000	1,400,000
Total operating expenses	69,222,000	59,848,000	194,941,000	158,071,000
Operating income (loss) before gain (loss) on sale of hotel properties	18,663,000	4,447,000	29,590,000	(11,418,000)
Gain (loss) on sale of hotel properties	109,000	(7,000)	2,129,000	(21,000)
Operating income (loss)	18,772,000	4,440,000	31,719,000	(11,439,000)
Interest and other income	8,000	0	10,000	103,000
Interest expense, including amortization of deferred fees	(6,404,000)	(5,823,000)	(19,729,000)	(18,649,000)
Loss from unconsolidated real estate entities	0	0	0	(1,231,000)
Gain on sale of investment in unconsolidated real estate entities	0	0	0	23,817,000
Income (loss) before income tax expense	12,376,000	(1,383,000)	12,000,000	(7,399,000)
Income tax expense	0	0	0	0
Net income (loss)	12,376,000	(1,383,000)	12,000,000	(7,399,000)
Net (income) loss attributable to noncontrolling interests	(248,000)	64,000	(166,000)	178,000
Net income (loss) attributable to common shareholders	12,128,000	(1,319,000)	11,834,000	(7,221,000)
Preferred dividends	(1,987,000)	(1,988,000)	(5,962,000)	(1,988,000)
Net income (loss) attributable to common shareholders	$ 10,141,000	$ (3,307,000)	$ 5,872,000	$ (9,209,000)
Income (loss) per common share - basic:
Net (loss) income attributable to common shareholders (in dollars per share)	$ 0.21	$ (0.07)	$ 0.12	$ (0.19)
Income (loss) per common share - diluted:
Net (loss) income attributable to common shareholders (in dollars per share)	$ 0.21	$ (0.07)	$ 0.12	$ (0.19)
Weighted average number of common shares outstanding:
Basic (in shares)	48,798,528	48,755,561	48,793,839	48,211,612
Diluted (in shares)	49,072,895	48,755,561	49,023,835	48,211,612
Distributions declared per common share (in dollars per share)	$ 0	$ 0	$ 0	$ 0
Room
Total revenue	$ 81,970,000	$ 59,305,000	$ 207,896,000	$ 135,210,000
Total hotel operating expenses	14,892,000	11,884,000	40,966,000	28,537,000
Food and beverage
Total revenue	1,816,000	1,025,000	5,199,000	2,145,000
Total hotel operating expenses	1,435,000	717,000	3,911,000	1,493,000
Other
Total revenue	3,786,000	3,679,000	10,439,000	7,898,000
Reimbursable costs from unconsolidated entities
Total revenue	313,000	286,000	997,000	1,400,000
Telephone
Total hotel operating expenses	346,000	366,000	1,106,000	1,114,000
Other hotel operating
Total hotel operating expenses	883,000	743,000	2,494,000	1,652,000
General and administrative
Total hotel operating expenses	6,880,000	6,082,000	19,035,000	14,950,000
Franchise and marketing fees
Total hotel operating expenses	7,107,000	5,294,000	18,073,000	11,983,000
Advertising and promotions
Total hotel operating expenses	1,499,000	1,078,000	3,918,000	2,670,000
Utilities
Total hotel operating expenses	3,419,000	3,059,000	9,091,000	7,698,000
Repairs and maintenance
Total hotel operating expenses	3,600,000	3,253,000	10,392,000	8,433,000
Management fees
Total hotel operating expenses	2,987,000	2,185,000	7,631,000	5,141,000
Insurance
Total hotel operating expenses	$ 638,000	$ 716,000	$ 2,095,000	$ 2,072,000