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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Cash flows from operating activities:    
Net income $ 8,980 $ 4,338
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 28,996 24,902
Corporate asset depreciation as corporate expenses 55 52
Non-cash lease expense and other amortization 1,715 1,057
Non-cash interest rate swap fair value adjustment 572 0
Amortization of debt issuance costs 482 461
Amortization of deferred income related to key money (99) (2,271)
Stock-based compensation 1,454 2,458
Changes in assets and liabilities:    
Prepaid expenses and other assets (5,445) 13,937
Due to/from hotel managers (6,850) (5,888)
Accounts payable and accrued expenses (7,998) (5,441)
Net cash provided by operating activities 21,862 33,605
Cash flows from investing activities:    
Hotel acquisitions 0 (119,049)
Proceeds from property insurance 0 21,219
Net used in investing activities (30,289) (123,653)
Cash flows from financing activities:    
Scheduled mortgage debt principal payments (3,389) (3,442)
Proceeds from sale of common stock, net 0 2,746
Draws on senior unsecured credit facility 60,000 65,000
Repayments of senior unsecured credit facility 0 (65,000)
Distributions to common stock and units (26,110) (25,362)
Repurchase of common stock (29,998) 0
Shares redeemed to satisfy tax withholdings on vested share based compensation (296) (180)
Net cash provided by (used in) financing activities 207 (26,238)
Net decrease in cash, cash equivalents, and restricted cash (8,220) (116,286)
Cash, cash equivalents, and restricted cash at beginning of period 91,598 223,773
Cash, cash equivalents, and restricted cash at end of period 83,378 107,487
Supplemental Disclosure of Cash Flow Information:    
Cash paid for interest 10,122 9,158
Cash paid for income taxes 20 86
Capitalized interest 152 0
Non-cash cumulative effect of ASC 842 accounting standard adoption 15,286 0
Non-cash Investing and Financing Activities:    
Loan assumed in hotel acquisition 0 2,943
Total cash, cash equivalents, and restricted cash 91,598 223,773
Frenchman's Reef    
Cash flows from investing activities:    
Capital expenditures for operating hotels (9,208) 0
Operating hotels    
Cash flows from investing activities:    
Capital expenditures for operating hotels $ (21,081) $ (25,823)