CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) shares in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
REVENUE
Total hotel revenue	$ 704,015	$ 728,404	$ 739,343
Hotel operating expenses:
Total hotel operating expenses	492,185	501,730	501,157
Property taxes, insurance and other	34,253	42,508	38,629
Depreciation and amortization	92,578	98,733	93,272
Impairment charges	54,492	0	0
Advisory services fee	29,186	30,487	31,089
Corporate general and administrative	11,754	14,361	13,523
Total operating expenses	714,448	687,819	677,670
Gain (loss) on disposition of assets and hotel properties	82,797	88,165	0
OPERATING INCOME (LOSS)	72,364	128,750	61,673
Equity in earnings (loss) of unconsolidated entity	(56)	(1,608)	(253)
Interest income	6,246	7,135	6,401
Other income (expense)	(1,572)	0	293
Interest expense and amortization of discounts and loan costs	(98,539)	(108,124)	(94,219)
Write-off of loan costs and exit fees	(1,833)	(6,111)	(3,489)
Gain (loss) on extinguishment of debt	(2,686)	(22)	2,318
Realized and unrealized gain (loss) on derivatives	(355)	585	(663)
INCOME (LOSS) BEFORE INCOME TAXES	(26,431)	20,605	(27,939)
Income tax (expense) benefit	(1,979)	(842)	(2,689)
NET INCOME (LOSS)	(28,410)	19,763	(30,628)
(Income) loss attributable to noncontrolling interest in consolidated entities	325	(25,928)	(1,619)
Net (income) loss attributable to redeemable noncontrolling interests in operating partnership	5,767	4,472	5,230
NET INCOME (LOSS) ATTRIBUTABLE TO THE COMPANY	(22,318)	(1,693)	(27,017)
Preferred dividends	(35,273)	(40,295)	(42,304)
Deemed dividends on preferred stock	(15,112)	(8,958)	(4,719)
NET INCOME (LOSS) ATTRIBUTABLE TO COMMON STOCKHOLDERS	$ (72,703)	$ (50,946)	$ (74,040)
INCOME (LOSS) PER SHARE - BASIC:
Net income (loss) attributable to common stockholders (in dollars per share)	$ (1.07)	$ (0.77)	$ (1.13)
Weighted average common shares outstanding – basic (in shares)	67,621	66,500	65,989
INCOME (LOSS) PER SHARE - DILUTED:
Net income (loss) attributable to common stockholders (in dollars per share)	$ (1.07)	$ (0.77)	$ (1.13)
Weighted average common shares outstanding – diluted (in shares)	67,621	66,500	65,989
Total hotel revenue
REVENUE
Total hotel revenue	$ 704,015	$ 728,404	$ 739,343
Rooms
REVENUE
Total hotel revenue	428,990	452,361	464,899
Hotel operating expenses:
Total hotel operating expenses	104,367	106,465	105,439
Food and beverage
REVENUE
Total hotel revenue	179,538	181,250	185,331
Hotel operating expenses:
Total hotel operating expenses	141,846	145,901	144,544
Other
REVENUE
Total hotel revenue	95,487	94,793	89,113
Hotel operating expenses:
Total hotel operating expenses	223,977	225,864	227,913
Management fees
Hotel operating expenses:
Total hotel operating expenses	$ 21,995	$ 23,500	$ 23,261