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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Cash flows from operating activities:      
Net (loss) income $ (396,027) $ 184,211 $ 87,796
Adjustments to reconcile net (loss) income to net cash (used in) provided by operating activities:      
Depreciation and amortization 114,716 118,110 104,524
Corporate asset depreciation as corporate expenses 233 229 216
Loss on early extinguishment of debt 0 2,373 0
Gain on property insurance settlement 0 (144,192) (1,724)
Non-cash lease expense and other amortization 5,480 7,011 5,336
Non-cash interest rate swap fair value adjustment 10,072 2,545 0
Amortization of debt issuance costs 2,024 1,885 1,862
Impairment losses 174,120 0 0
Amortization of deferred income related to key money (396) (396) (2,568)
Share-based compensation 7,225 6,385 5,573
Deferred income tax expense (26,538) 21,018 1,591
Changes in assets and liabilities:      
Prepaid expenses and other assets (5,412) (6,674) 28,657
Due to/from hotel managers 44,526 (5,082) (5,686)
Accounts payable and accrued expenses (13,709) 5,866 (7,997)
Net cash (used in) provided by operating activities (83,686) 193,289 217,580
Cash flows from investing activities:      
Hotel acquisitions 0 0 (259,883)
Acquisition of interest in the land underlying the Kimpton Shorebreak Resort (1,585) 0 0
Proceeds from property insurance 10,663 133,529 32,466
Net cash used in investing activities (78,973) (65,730) (342,588)
Cash flows from financing activities:      
Scheduled mortgage debt principal payments (14,406) (14,195) (13,612)
Repurchase of common stock (10,000) (42,828) (32,182)
Proceeds from sale of common stock, net 86,829 0 92,679
Proceeds from sale of preferred stock, net 114,471 0 0
Proceeds from mortgage debt 48,000 0 0
Repayments of mortgage debt (55,460) 0 0
Proceeds from unsecured term loan 0 350,000 50,000
Repayments of unsecured term loans 0 (300,000) 0
Draws on senior unsecured credit facility 400,000 150,000 85,000
Repayments of senior unsecured credit facility (420,000) (75,000) (85,000)
Payment of financing costs (1,410) (4,805) (412)
Distributions on common stock and units (25,557) (102,052) (102,709)
Distributions on preferred stock (3,300) 0 0
Redemption of Operating Partnership units (201) 0 0
Shares redeemed to satisfy tax withholdings on vested share-based compensation (1,253) (485) (931)
Net cash provided by (used in) financing activities 117,713 (39,365) (7,167)
Net (decrease) increase in cash and cash equivalents, and restricted cash (44,946) 88,194 (132,175)
Cash, cash equivalents, and restricted cash beginning of year 179,792 91,598 223,773
Cash, cash equivalents, and restricted cash, end of year 134,846 179,792 91,598
Supplemental Disclosure of Cash Flow Information:      
Cash paid for interest 43,734 43,742 38,548
Cash (refunded) paid for income taxes (11) 1,470 2,208
Capitalized interest 2,136 1,944 0
Non-cash cumulative effect of ASC 842 accounting standard adoption 0 15,286 0
Non-cash Investing and Financing Activities:      
Loan assumed in hotel acquisition 0 0 2,943
Issuance of Operating Partnership units in connection with acquisition of hotel property 0 0 7,784
Redemption of Operating Partnership units for common stock 0 44 0
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents [Abstract]      
Total cash, cash equivalents, and restricted cash 134,846 91,598 91,598
Operating Hotels      
Cash flows from investing activities:      
Capital expenditures for operating hotels (47,115) (102,660) (109,447)
Frenchman's Reef      
Adjustments to reconcile net (loss) income to net cash (used in) provided by operating activities:      
Gain on property insurance settlement   (144,200)  
Cash flows from investing activities:      
Capital expenditures for operating hotels $ (40,936) $ (96,599) $ (5,724)