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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended 12 Months Ended
Jun. 30, 2022
Mar. 31, 2022
Jun. 30, 2021
Mar. 31, 2021
Jun. 30, 2022
Jun. 30, 2021
Dec. 31, 2021
Cash flows from operating activities:              
Net income (loss) $ 52,701 $ 10,060 $ (19,119) $ (171,567) $ 62,761 $ (190,686)  
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:              
Depreciation and amortization 27,389   24,692   54,044 51,654  
Corporate asset depreciation as corporate expenses         115 112  
Non-cash lease expense and other amortization         3,124 3,343  
Non-cash interest rate swap fair value adjustment         (10,222) 3,569  
Amortization of debt issuance costs         1,310 1,257  
Impairment losses         2,843 126,697  
Amortization of deferred income related to key money         (207) (198)  
Share-based compensation         3,927 4,567  
Changes in assets and liabilities:              
Prepaid expenses and other assets         (8,933) 2,348  
Due to/from hotel managers         (33,936) (26,692)  
Accounts payable and accrued expenses         659 (12,399)  
Net cash provided by (used in) operating activities         75,485 (36,428)  
Cash flows from investing activities:              
Capital expenditures         (28,031) (19,607)  
Extension of the Salt Lake City Marriott Downtown ground lease         0 (2,781)  
Property acquisitions         (106,184) 0  
Net proceeds from sale of hotel properties         0 213,817  
Receipt of deferred key money         1,000 0  
Net cash (used in) provided by investing activities         (133,215) 191,429  
Cash flows from financing activities:              
Scheduled mortgage debt principal payments         (7,844) (7,561)  
Draws on senior unsecured credit facility         110,000 115,500  
Repayments of senior unsecured credit facility         0 (170,500)  
Payment of debt financing costs         (120) (1,149)  
Distributions on common stock and units         (10) (118)  
Distributions on preferred stock         (4,908) (4,909)  
Shares redeemed to satisfy tax withholdings on vested share-based compensation         (828) (1,482)  
Net cash provided by (used in) financing activities         96,290 (70,219)  
Net increase in cash, cash equivalents, and restricted cash         38,560 84,782  
Cash, cash equivalents, and restricted cash at beginning of period   $ 75,507   $ 134,846 75,507 134,846 $ 134,846
Cash, cash equivalents, and restricted cash at end of period 114,067   219,628   114,067 219,628 75,507
Supplemental Disclosure of Cash Flow Information:              
Cash paid for interest         24,389 21,614  
Cash paid for income taxes, net         3,261 611  
Non-cash investing and financing activities:              
Unpaid dividends and distributions declared 9   20   9 20  
Accrued capital expenditures         8,672 2,520 7,300
Transfer of land interest in consideration for extension of ground lease         0 855  
Redemption of Operating Partnership units for common stock         51 59  
Cash and cash equivalents 71,713       71,713   38,620
Restricted cash 42,354       42,354   36,887
Total cash, cash equivalents and restricted cash $ 114,067   $ 219,628   $ 114,067 $ 219,628 $ 75,507