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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 3 Months Ended 9 Months Ended 12 Months Ended
Sep. 30, 2021
Mar. 31, 2021
Sep. 30, 2020
Mar. 31, 2020
Sep. 30, 2021
Sep. 30, 2020
Dec. 31, 2020
Cash flows from operating activities:              
Net loss $ (1,771) $ (171,567) $ (79,635) $ (34,692) $ (192,457) $ (187,714)  
Adjustments to reconcile net loss to net cash used in operating activities:              
Depreciation and amortization 25,555   28,514   77,209 87,397  
Corporate asset depreciation as corporate expenses         169 174  
Non-cash lease expense and other amortization         5,007 3,744  
Non-cash interest rate swap fair value adjustment         4,488 11,329  
Amortization of debt issuance costs         1,902 1,480  
Impairment losses         126,697 0  
Amortization of deferred income related to key money         (255) (297)  
Share-based compensation         6,652 5,536  
Changes in assets and liabilities:              
Prepaid expenses and other assets         3,461 (13,927)  
Due to/from hotel managers         (49,952) 45,084  
Accounts payable and accrued expenses         (5,258) (7,509)  
Net cash used in operating activities         (22,337) (54,703)  
Cash flows from investing activities:              
Acquisition of interest in the land underlying the Kimpton Shorebreak Resort         0 (1,585)  
Extension of the Salt Lake City Marriott Downtown ground lease         (2,781) 0  
Hotel acquisitions         (116,490) 0  
Net proceeds from sale of hotel properties         213,817 0  
Proceeds from property insurance         0 10,663  
Net cash provided by (used in) investing activities         61,797 (69,150)  
Cash flows from financing activities:              
Scheduled mortgage debt principal payments         (11,361) (10,594)  
Proceeds from sale of common stock, net         0 1,015  
Proceeds from sale of preferred stock, net         0 114,471  
Proceeds from mortgage debt         0 48,000  
Repayments of mortgage debt         0 (52,517)  
Draws on senior unsecured credit facility         115,500 400,000  
Repayments of senior unsecured credit facility         (170,500) (375,015)  
Payment of debt financing costs         (1,150) (1,410)  
Distributions on common stock and units         (119) (25,557)  
Distributions on preferred stock         (7,362) (845)  
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) (1,253)  
Net cash (used in) provided by financing activities         (76,474) 86,094  
Net decrease in cash, cash equivalents, and restricted cash         (37,014) (37,759)  
Cash, cash equivalents, and restricted cash at beginning of period   $ 134,846   $ 179,792 134,846 179,792 $ 179,792
Cash, cash equivalents, and restricted cash at end of period 97,832   142,033   97,832 142,033 134,846
Supplemental Disclosure of Cash Flow Information:              
Cash paid for interest         32,214 33,017  
Cash paid for income taxes, net         1,169 32  
Capitalized interest         0 2,136  
Non-cash investing and financing activities:              
Unpaid dividends and distributions declared 19   138   19 138  
Accrued capital expenditures         2,075 8,941 3,900
Transfer of land interest in consideration for extension of ground lease         855 0  
Redemption of Operating Partnership units for common stock         2,370 0  
Cash and cash equivalents 66,499       66,499   111,796
Restricted cash 31,333       31,333   23,050
Total cash, cash equivalents and restricted cash $ 97,832   $ 142,033   97,832 142,033 $ 134,846
Frenchman's Reef              
Cash flows from investing activities:              
Capital expenditures         (2,673) (38,312)  
Operating Hotels              
Cash flows from investing activities:              
Capital expenditures         $ (30,076) $ (39,916)