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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Cash flows from operating activities:      
Net (loss) income $ (195,405) $ (396,027) $ 184,211
Adjustments to reconcile net (loss) income to net cash (used in) provided by operating activities:      
Depreciation and amortization 102,963 114,716 118,110
Corporate asset depreciation as corporate expenses 226 233 229
Loss on early extinguishment of debt 0 0 2,373
Gain on property insurance settlement 0 0 (144,192)
Non-cash lease expense and other amortization 6,673 5,480 7,011
Non-cash interest rate swap fair value adjustment 7,690 10,072 2,545
Amortization of debt issuance costs 2,547 2,024 1,885
Impairment losses 126,697 174,120 0
Amortization of deferred income related to key money (329) (396) (396)
Share-based compensation 8,744 7,225 6,385
Deferred income tax expense 468 (26,538) 21,018
Changes in assets and liabilities:      
Prepaid expenses and other assets 3,142 (5,412) (6,674)
Due to/from hotel managers (63,236) 44,526 (5,082)
Accounts payable and accrued expenses (2,487) (13,709) 5,866
Net cash (used in) provided by operating activities (2,307) (83,686) 193,289
Cash flows from investing activities:      
Hotel acquisitions (226,627) 0 0
Proceeds from sale of properties, net 213,817 0 0
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 0
Proceeds from property insurance 0 10,663 133,529
Receipt of deferred key money 524 0 0
Net cash used in investing activities (62,199) (78,973) (65,730)
Cash flows from financing activities:      
Scheduled mortgage debt principal payments (15,318) (14,406) (14,195)
Repurchase of common stock 0 (10,000) (42,828)
Proceeds from sale of common stock, net 0 86,829 0
Proceeds from sale of preferred stock, net 0 114,471 0
Proceeds from mortgage debt 0 48,000 0
Repayments of mortgage debt (1,880) (55,460) 0
Proceeds from unsecured term loan 0 0 350,000
Repayments of unsecured term loans 0 0 (300,000)
Draws on senior unsecured credit facility 205,500 400,000 150,000
Repayments of senior unsecured credit facility (170,500) (420,000) (75,000)
Payment of financing costs (1,217) (1,410) (4,805)
Distributions on common stock and units (119) (25,557) (102,052)
Distributions on preferred stock (9,817) (3,300) 0
Redemption of Operating Partnership units 0 (201) 0
Shares redeemed to satisfy tax withholdings on vested share-based compensation (1,482) (1,253) (485)
Net cash provided by (used in) financing activities 5,167 117,713 (39,365)
Net (decrease) increase in cash and cash equivalents, and restricted cash (59,339) (44,946) 88,194
Cash, cash equivalents, and restricted cash beginning of year 134,846 179,792 91,598
Cash, cash equivalents, and restricted cash, end of year 75,507 134,846 179,792
Supplemental Disclosure of Cash Flow Information:      
Cash paid for interest 42,494 43,734 43,742
Cash paid (refunded) for income taxes 1,632 (11) 1,470
Capitalized interest 0 2,136 1,944
Non-cash cumulative effect of ASC 842 accounting standard adoption 0 0 15,286
Non-cash Investing and Financing Activities:      
Unpaid dividends and distributions declared 19 138 25,815
Accrued capital expenditures 7,295 3,896 13,082
Transfer of land interest in consideration for extension of ground lease 855 0 0
Redemption of Operating Partnership units for common stock 2,370 0 44
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents [Abstract]      
Cash and cash equivalents 38,620 111,796 122,524
Restricted cash 36,887 23,050 57,268
Total cash, cash equivalents, and restricted cash 75,507 134,846 179,792
Operating Hotels      
Cash flows from investing activities:      
Capital expenditures for operating hotels (44,459) (47,115) (102,660)
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 $ (2,673) $ (40,936) $ (96,599)