CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) shares in Thousands, $ in Thousands	3 Months Ended
	Mar. 31, 2026	Mar. 31, 2025
REVENUE
Total hotel revenue	$ 208,983	$ 215,820
Hotel operating expenses:
Total hotel operating expenses	129,860	135,715
Property taxes, insurance and other	4,652	10,465
Depreciation and amortization	22,579	23,395
Advisory services fee	7,404	6,611
Corporate general and administrative	4,867	2,894
Total operating expenses	169,362	179,080
Gain (loss) on disposition of assets and hotel properties	3	0
OPERATING INCOME (LOSS)	39,624	36,740
Equity in earnings (loss) of unconsolidated entity	(31)	0
Interest income	810	1,888
Interest expense and amortization of discounts and loan costs	(21,195)	(24,827)
Write-off of loan costs and exit fees	(5)	(1,464)
Realized and unrealized gain (loss) on derivatives	248	(198)
INCOME (LOSS) BEFORE INCOME TAXES	19,451	12,139
Income tax (expense) benefit	(1,417)	(1,467)
NET INCOME (LOSS)	18,034	10,672
(Income) loss attributable to noncontrolling interest in consolidated entities	17	64
Net (income) loss attributable to redeemable noncontrolling interests in operating partnership	(347)	262
NET INCOME (LOSS) ATTRIBUTABLE TO THE COMPANY	17,704	10,998
Preferred dividends	(8,040)	(9,269)
Deemed dividends on preferred stock	(4,763)	(4,276)
NET INCOME (LOSS) ATTRIBUTABLE TO COMMON STOCKHOLDERS	$ 4,901	$ (2,547)
INCOME (LOSS) PER SHARE - BASIC:
Net income (loss) attributable to common stockholders (in dollars per share)	$ 0.07	$ (0.04)
Weighted average common shares outstanding – basic (in shares)	68,432	66,744
INCOME (LOSS) PER SHARE - DILUTED:
Net income (loss) attributable to common stockholders (in dollars per share)	$ 0.07	$ (0.04)
Weighted average common shares outstanding – diluted (in shares)	100,289	66,744
Total hotel revenue
REVENUE
Total hotel revenue	$ 208,983	$ 215,820
Rooms
REVENUE
Total hotel revenue	128,801	136,092
Hotel operating expenses:
Total hotel operating expenses	24,878	28,219
Food and beverage
REVENUE
Total hotel revenue	52,342	51,788
Hotel operating expenses:
Total hotel operating expenses	38,910	40,210
Other
REVENUE
Total hotel revenue	27,840	27,940
Hotel operating expenses:
Total hotel operating expenses	59,878	60,376
Management fees
Hotel operating expenses:
Total hotel operating expenses	$ 6,194	$ 6,910