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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Cash flows from operating activities      
Net (loss) income $ (408,802) $ 129,379 $ 190,862
Adjustments to reconcile net (loss) income to cash flow (used in) provided by operating activities:      
(Gain) loss on sale of hotel properties, net (2,703) 9,300 (30,941)
Loss (gain) on extinguishment of indebtedness, net 0 214 (5,996)
Depreciation and amortization 194,168 211,584 241,641
Amortization of deferred financing costs 4,416 4,100 3,504
Other amortization (2,404) (2,055) (3,081)
Unrealized (gain) loss on discontinued cash flow hedges (376) 376 0
Equity in loss (income) from unconsolidated joint ventures 8,454 1,673 (636)
Distributions of income from unconsolidated joint ventures 0 1,964 2,591
Impairment loss 0 13,500 0
Amortization of share-based compensation 12,396 11,459 12,251
Deferred income taxes 51,447 (6,818) 8,384
Changes in assets and liabilities:      
Hotel and other receivables, net 26,409 8,813 5,580
Prepaid expense and other assets 19,178 (6,335) 351
Accounts payable and other liabilities (48,791) (10,706) (20,590)
Advance deposits and deferred revenue (25,282) 35,766 82
Accrued interest 3,182 (4,889) (9,168)
Net cash flow (used in) provided by operating activities (168,708) 397,325 394,834
Cash flows from investing activities      
Proceeds from the sale of hotel properties, net 5,169 685,870 475,063
Improvements and additions to hotel properties (73,337) (157,354) (197,599)
Contributions to unconsolidated joint ventures (100) (603) (350)
Distributions from unconsolidated joint ventures in excess of earnings (1,576) (2,499) 0
Net cash flow (used in) provided by investing activities (66,692) 530,412 277,114
Cash flows from financing activities      
Borrowings under Revolver 400,000 140,000 300,000
Repayments under Revolver 0 (140,000) (300,000)
Repayments of Senior Notes 0 (112) (539,026)
Proceeds from mortgage loans 0 381,000 0
Scheduled mortgage loan principal payments (3,376) (3,979) (6,335)
Repayments of mortgage loans 0 (374,500) (113,137)
Repurchase of common shares under a share repurchase program (62,604) (77,834) (21,814)
Repurchase of common shares to satisfy employee tax withholding requirements (1,641) (1,802) (3,585)
Distributions on preferred shares (25,116) (25,115) (25,115)
Distributions on common shares (61,000) (228,287) (231,188)
Distributions on Operating Partnership units (428) (1,230) (1,050)
Payments of deferred financing costs (4,069) (10,111) (3,640)
Preferred distributions - consolidated joint venture 0 (312) (1,483)
Redemption of preferred equity - consolidated joint venture 0 (45,583) 0
Contributions from consolidated joint venture partners 1,264 2,446 191
Net cash flow provided by (used in) financing activities 243,030 (385,419) (946,182)
Net change in cash, cash equivalents, and restricted cash reserves 7,630 542,318 (274,234)
Cash, cash equivalents, and restricted cash reserves, beginning of year 927,160 384,842 659,076
Cash, cash equivalents, and restricted cash reserves, end of year $ (934,790) $ (927,160) $ (384,842)