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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 $ (311,088) $ (408,802) $ 129,379
Adjustments to reconcile net (loss) income to cash flow provided by (used in) operating activities:      
Loss (gain) on sale of hotel properties, net 2,378 (2,703) 9,300
(Gain) loss on extinguishment of indebtedness, net (893) 0 214
Depreciation and amortization 187,778 194,168 211,584
Amortization of deferred financing costs 5,884 4,416 4,100
Other amortization (2,090) (2,404) (2,055)
Derivative Instruments Not Designated as Hedging Instruments, Gain (Loss), Net 10,658 0 0
Unrealized (gain) loss on discontinued cash flow hedges 0 (376) 376
Equity in loss from unconsolidated joint ventures 477 8,454 1,673
Distributions of income from unconsolidated joint ventures 0 0 1,964
Impairment losses 144,845 0 13,500
Amortization of share-based compensation 17,054 12,396 11,459
Deferred income taxes 0 51,447 (6,818)
Changes in assets and liabilities:      
Hotel and other receivables, net (17,969) 26,409 8,813
Prepaid expense and other assets (1,090) 19,178 (6,335)
Accounts payable and other liabilities 7,203 (48,791) (10,706)
Advance deposits and deferred revenue (13,090) (25,282) 35,766
Accrued interest 12,904 3,182 (4,889)
Net cash flow provided by (used in) operating activities 42,961 (168,708) 397,325
Cash flows from investing activities      
Acquisition of hotel properties, net (174,675) 0 0
Proceeds from the sale of hotel properties, net 198,642 5,169 685,870
Improvements and additions to hotel properties (48,263) (73,337) (157,354)
Contributions to unconsolidated joint ventures (331) (100) (603)
Distributions from unconsolidated joint ventures in excess of earnings 0 (1,576) (2,499)
Net cash flow (used in) provided by investing activities (24,627) (66,692) 530,412
Cash flows from financing activities      
Borrowings under Revolver 0 400,000 140,000
Repayments of Revolver (200,000) 0 (140,000)
Repayments of Unsecured Debt (356,338) 0 0
Proceeds from Issuance of Senior Long-term Debt 1,000,000 0 0
Repayments of Senior Notes (484,402) 0 (112)
Proceeds from mortgage loans 0 0 381,000
Scheduled mortgage loan principal payments (1,486) (3,376) (3,979)
Repayments of mortgage loans (including $7.0 million in prepayment premiums in 2021) (149,183) 0 (374,500)
Repurchase of common shares under a share repurchase program 0 (62,604) (77,834)
Repurchase of common shares to satisfy employee tax withholding requirements (2,543) (1,641) (1,802)
Distributions on preferred shares (25,115) (25,116) (25,115)
Distributions on common shares (6,701) (61,000) (228,287)
Distributions on and redemption of Operating Partnership units (18) (428) (1,230)
Payments of deferred financing costs (14,770) (4,069) (10,111)
Preferred distributions - consolidated joint venture 0 0 (312)
Redemption of preferred equity - consolidated joint venture 0 0 (45,583)
Contributions from consolidated joint venture partners 1,301 1,264 2,446
Net cash flow (used in) provided by financing activities (239,255) 243,030 (385,419)
Net change in cash, cash equivalents, and restricted cash reserves (220,921) 7,630 542,318
Cash, cash equivalents, and restricted cash reserves, beginning of year 934,790 927,160 384,842
Cash, cash equivalents, and restricted cash reserves, end of year $ (713,869) $ (934,790) $ (927,160)