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Consolidated Statements of Cash Flows - USD ($)
 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Cash flows from operating activities    
Net income (loss) $ 42,037,000 $ 52,234,000
Adjustments to reconcile net income to cash flow provided by operating activities:    
Gain (loss) on sale of hotel properties, net 3,546,000 (44,000)
Loss on extinguishment of indebtedness, net 0 169,000
Depreciation and amortization 89,153,000 89,921,000
Amortization of deferred financing costs 3,116,000 2,965,000
Other amortization 2,882,000 2,172,000
Equity in income from unconsolidated joint ventures (388,000) (501,000)
Distributions of income from unconsolidated joint ventures 400,000 0
Amortization of share-based compensation 11,708,000 11,781,000
Changes in assets and liabilities:    
Hotel and other receivables, net (4,771,000) (3,220,000)
Prepaid expense and other assets (11,794,000) 1,080,000
Accounts payable and other liabilities 4,972,000 (22,163,000)
Advance deposits and deferred revenue 1,130,000 1,273,000
Accrued interest (605,000) 1,360,000
Net cash flow provided by operating activities 134,294,000 137,115,000
Cash flows from investing activities    
Acquisitions, net 158,345,000 0
Proceeds from sales of hotel properties, net (7,679,000) 44,000
Improvements and additions to hotel properties and other assets (72,372,000) (65,771,000)
Purchase deposit 2,000,000 0
Net cash flow used in investing activities (225,038,000) (65,815,000)
Cash flows from financing activities    
Borrowings under Revolver 200,000,000 0
Borrowings on Term Loans 0 320,000,000
Repayments of Term Loans 0 (318,662,000)
Repayment of mortgage loan (200,000,000) 0
Repurchase of common shares under share repurchase programs (4,192,000) (51,981,000)
Repurchase of common shares to satisfy employee tax withholding requirements (9,014,000) (4,398,000)
Distributions on preferred shares (12,557,000) (12,557,000)
Distributions on common shares (31,244,000) (20,962,000)
Distributions on Operating Partnership units (142,000) (95,000)
Payments of deferred financing costs (220,000) (7,699,000)
Net cash flow used in financing activities (57,369,000) (96,354,000)
Net change in cash, cash equivalents, and restricted cash reserves (148,113,000) (25,054,000)
Cash, cash equivalents, and restricted cash reserves, beginning of year 555,327,000 536,386,000
Cash, cash equivalents, and restricted cash reserves, end of period $ 407,214,000 $ 511,332,000