CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2025	Jun. 30, 2024	Jun. 30, 2025	Jun. 30, 2024
REVENUE
Total hotel revenue	$ 179,077	$ 187,587	$ 394,897	$ 406,666
Hotel operating expenses:
Total hotel operating expenses	125,038	128,363	260,753	264,396
Property taxes, insurance and other	7,892	10,058	18,357	20,755
Depreciation and amortization	23,360	24,694	46,755	50,114
Advisory services fee	7,191	7,828	13,802	14,528
Corporate general and administrative	(2,298)	4,469	596	2,231
Total operating expenses	161,183	175,412	340,263	352,024
OPERATING INCOME (LOSS)	17,894	12,175	54,634	54,642
Equity in earnings (loss) of unconsolidated entity	0	(85)	0	(134)
Interest income	1,519	1,072	3,407	1,868
Other income (expense)	(1,250)	0	(1,250)	0
Interest expense and amortization of discounts and loan costs	(25,361)	(27,285)	(50,188)	(53,776)
Write-off of loan costs and exit fees	(3)	(82)	(1,467)	(803)
Gain (loss) on extinguishment of debt	0	(22)	0	(22)
Realized and unrealized gain (loss) on derivatives	15	326	(183)	1,258
INCOME (LOSS) BEFORE INCOME TAXES	(7,186)	(13,901)	4,953	3,033
Income tax (expense) benefit	345	114	(1,122)	(1,338)
NET INCOME (LOSS)	(6,841)	(13,787)	3,831	1,695
(Income) loss attributable to noncontrolling interest in consolidated entities	(115)	303	(51)	1,046
Net (income) loss attributable to redeemable noncontrolling interests in operating partnership	1,489	1,919	1,751	1,623
NET INCOME (LOSS) ATTRIBUTABLE TO THE COMPANY	(5,467)	(11,565)	5,531	4,364
Preferred dividends	(8,992)	(10,329)	(18,261)	(20,736)
Deemed dividends on preferred stock	(1,559)	(26)	(5,835)	(2,024)
NET INCOME (LOSS) ATTRIBUTABLE TO COMMON STOCKHOLDERS	$ (16,018)	$ (21,920)	$ (18,565)	$ (18,396)
INCOME (LOSS) PER SHARE - BASIC:
Net income (loss) attributable to common stockholders (in dollars per share)	$ (0.24)	$ (0.33)	$ (0.28)	$ (0.28)
Weighted average common shares outstanding – basic (in shares)	67,279	66,501	67,013	66,478
INCOME (LOSS) PER SHARE - DILUTED:
Net income (loss) attributable to common stockholders (in dollars per share)	$ (0.24)	$ (0.33)	$ (0.28)	$ (0.28)
Weighted average common shares outstanding – diluted (in shares)	67,279	66,501	67,013	66,478
Total hotel revenue
REVENUE
Total hotel revenue	$ 179,077	$ 187,587	$ 394,897	$ 406,666
Rooms
REVENUE
Total hotel revenue	109,824	116,227	245,916	254,779
Hotel operating expenses:
Total hotel operating expenses	27,285	27,476	55,504	55,740
Food and beverage
REVENUE
Total hotel revenue	45,571	47,563	97,359	101,110
Hotel operating expenses:
Total hotel operating expenses	35,767	36,664	75,977	77,381
Other
REVENUE
Total hotel revenue	23,682	23,797	51,622	50,777
Hotel operating expenses:
Total hotel operating expenses	56,445	58,155	116,821	118,231
Management fees
Hotel operating expenses:
Total hotel operating expenses	$ 5,541	$ 6,068	$ 12,451	$ 13,044