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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Cash flows from operating activities:      
Net (loss) income $ 48,250 $ 86,635 $ 109,705
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 113,588 111,302 108,849
Corporate asset depreciation as corporate expenses 121 192 220
Loss on early extinguishment of debt 0 0 9,766
Non-cash lease expense and other amortization 5,970 6,156 6,226
Non-cash interest rate swap fair value adjustment 0 2,033 (13,914)
Amortization of debt issuance costs 1,967 2,053 2,489
Impairment losses 34,169 941 2,843
Amortization of deferred income related to key money (431) (431) (423)
Share-based compensation 12,019 8,771 7,789
Deferred income tax expense (449) (975) (781)
Changes in assets and liabilities:      
Prepaid expenses and other assets (3,936) (3,684) (9,563)
Due to/from hotel managers 3,459 24,151 (24,034)
Accounts payable and accrued expenses 9,682 420 7,067
Net cash provided by operating activities 224,409 237,564 206,239
Cash flows from investing activities:      
Capital expenditures (81,588) (86,314) (67,657)
Property acquisitions (30,532) (32,699) (181,942)
Acquisition of interest in land 0 (1,833) 0
Receipt of deferred key money 0 0 1,000
Net cash used in investing activities (112,120) (120,846) (248,599)
Cash flows from financing activities:      
Scheduled mortgage debt principal payments (9,127) (9,544) (14,629)
Repurchase of common stock (25,993) (2,423) (12,287)
Repayments of mortgage debt (73,255) 0 (178,141)
Proceeds from senior unsecured term loans 0 0 800,000
Repayments of senior unsecured term loans 0 0 (400,000)
Draws on senior unsecured credit facility 0 0 110,000
Repayments of senior unsecured credit facility 0 0 (200,000)
Payment of financing costs 0 0 (13,846)
Distributions on common stock and units (25,601) (31,909) (6,421)
Distributions on preferred stock (9,817) (9,817) (9,817)
Shares redeemed to satisfy tax withholdings on vested share-based compensation (6,878) (3,032) (828)
Net cash (used in) provided by financing activities (150,671) (56,725) 74,031
Net (decrease) increase in cash and cash equivalents, and restricted cash (38,382) 59,993 31,671
Cash, cash equivalents, and restricted cash beginning of year 167,171 107,178 75,507
Cash, cash equivalents, and restricted cash, end of year 128,789 167,171 107,178
Supplemental disclosure of cash flow information:      
Cash paid for interest 63,775 60,363 47,547
Cash paid for income taxes 4,654 2,666 6,625
Non-cash investing and financing activities:      
Distributions declared and unpaid 49,034 6,324 12,946
Accrued capital expenditures 5,438 4,667 8,007
Redemption of Operating Partnership units for common stock   365 214
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents [Abstract]      
Cash and cash equivalents 81,381 121,595 67,564
Restricted cash 47,408 45,576 39,614
Total cash, cash equivalents, and restricted cash $ 128,789 $ 167,171 $ 107,178