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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 3 Months Ended 12 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Dec. 31, 2020
Mar. 31, 2021
Dec. 31, 2020
Mar. 31, 2020
Cash flows from operating activities:            
Net loss $ (171,567) $ (34,692)        
Adjustments to reconcile net loss to net cash (used in) provided by operating activities:            
Depreciation and amortization 26,962 30,100        
Corporate asset depreciation as corporate expenses 56 58        
Non-cash lease expense and other amortization 1,672 1,750        
Non-cash interest rate swap fair value adjustment 2,731 11,312        
Amortization of debt issuance costs 611 453        
Impairment losses 122,552 0        
Amortization of deferred income related to key money (99) (99)        
Share-based compensation 1,783 1,561        
Changes in assets and liabilities:            
Prepaid expenses and other assets 4,299 (207)        
Due to/from hotel managers (15,188) 15,821        
Accounts payable and accrued expenses (8,756) (15,794)        
Net cash (used in) provided by operating activities (34,944) 10,263        
Cash flows from investing activities:            
Acquisition of interest in the land underlying the Kimpton Shorebreak Resort 0 (1,585)        
Proceeds from property insurance 0 10,663        
Net cash used in investing activities (11,956) (39,695)        
Cash flows from financing activities:            
Scheduled mortgage debt principal payments (3,797) (3,457)        
Draws on senior unsecured credit facility 45,000 400,000        
Repayments of senior unsecured credit facility 0 (75,000)        
Payment of debt financing costs (1,149) 0        
Distributions on common stock and units (117) (25,557)        
Distributions on preferred stock (2,454) 0        
Repurchase of common stock 0 (10,000)        
Redemption of Operating Partnership units 0 (201)        
Shares redeemed to satisfy tax withholdings on vested share-based compensation (1,482) (1,248)        
Net cash provided by financing activities 36,001 284,537        
Net (decrease) increase in cash, cash equivalents, and restricted cash (10,899) 255,105        
Cash, cash equivalents, and restricted cash at beginning of period 134,846 179,792 $ 179,792      
Cash, cash equivalents, and restricted cash at end of period 123,947 434,897 134,846      
Supplemental Disclosure of Cash Flow Information:            
Cash paid for interest 10,476 10,036        
Cash refunded for income taxes, net (330) (306)        
Capitalized interest 0 1,006        
Non-cash investing and financing activities:            
Unpaid dividends and distributions declared       $ 21   $ 143
Accrued capital expenditures 2,526 3,896 3,900      
Cash and cash equivalents       99,827 $ 111,796  
Restricted cash       24,120 23,050  
Total cash, cash equivalents and restricted cash 134,846 434,897 $ 134,846 $ 123,947 $ 134,846 $ 434,897
Frenchman's Reef            
Cash flows from investing activities:            
Capital expenditures (2,477) (29,156)        
Operating hotels            
Cash flows from investing activities:            
Capital expenditures $ (9,479) $ (19,617)