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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 3 Months Ended 12 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Dec. 31, 2021
Cash flows from operating activities:      
Net income (loss) $ 10,060 $ (171,567)  
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:      
Depreciation and amortization 26,655 26,962  
Corporate asset depreciation as corporate expenses 59 56  
Non-cash lease expense and other amortization 1,568 1,672  
Non-cash interest rate swap fair value adjustment (7,502) 2,731  
Amortization of debt issuance costs 653 611  
Impairment losses 2,843 122,552  
Amortization of deferred income related to key money (99) (99)  
Share-based compensation 1,160 1,783  
Changes in assets and liabilities:      
Prepaid expenses and other assets 248 4,299  
Due to/from hotel managers (16,934) (15,188)  
Accounts payable and accrued expenses (5,557) (8,756)  
Net cash provided by (used in) operating activities 13,154 (34,944)  
Cash flows from investing activities:      
Capital expenditures (11,628) (11,956)  
Property acquisitions (64,061) 0  
Purchase deposits (36,180) 0  
Receipt of deferred key money 1,000 0  
Net cash used in investing activities (110,869) (11,956)  
Cash flows from financing activities:      
Scheduled mortgage debt principal payments (3,935) (3,797)  
Draws on senior unsecured credit facility 110,000 45,000  
Payment of debt financing costs (120) (1,149)  
Distributions on common stock and units (10) (117)  
Distributions on preferred stock (2,454) (2,454)  
Shares redeemed to satisfy tax withholdings on vested share-based compensation (810) (1,482)  
Net cash provided by financing activities 102,671 36,001  
Net increase (decrease) in cash, cash equivalents, and restricted cash 4,956 (10,899)  
Cash, cash equivalents, and restricted cash at beginning of period 75,507 134,846 $ 134,846
Cash, cash equivalents, and restricted cash at end of period 80,463 123,947 75,507
Supplemental Disclosure of Cash Flow Information:      
Cash paid for interest 10,549 10,476  
Cash paid (refunded) for income taxes, net 1 (330)  
Non-cash investing and financing activities:      
Unpaid dividends and distributions declared 9 21  
Accrued capital expenditures 10,422 2,526 7,300
Cash and cash equivalents 41,581   38,620
Restricted cash 38,882   36,887
Total cash, cash equivalents and restricted cash $ 80,463 $ 123,947 $ 75,507