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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Cash flows from operating activities    
Net income (loss) $ (349) $ 3,172
Adjustments to reconcile net (loss) income to cash flow provided by operating activities:    
Loss (gain) on sale of hotel properties, net 3,647 (1,321)
Loss on extinguishment of indebtedness, net 373 0
Depreciation and amortization 47,195 45,788
Amortization of deferred financing costs 1,892 1,831
Non-cash lease expense and other amortization 889 1,078
Equity in income from unconsolidated joint ventures (37) (181)
Amortization of share-based compensation 3,656 4,349
Changes in assets and liabilities:    
Hotel and other receivables, net (1,732) (2,060)
Prepaid expense and other assets (25,677) (23,263)
Accounts payable and other liabilities 5,447 (3,415)
Advance deposits and deferred revenue 830 337
Accrued interest (9,924) (10,015)
Net cash flow provided by operating activities 26,210 16,300
Cash flows from investing activities    
Proceeds from sales of hotel properties, net (28) 24,121
Improvements and additions to hotel properties and other assets (28,353) (46,794)
Purchase deposit 0 1,000
Net cash flow used in investing activities (28,381) (23,673)
Cash flows from financing activities    
Repayments of mortgage loans (5,350) 0
Repurchase of common shares under share repurchase programs 0 (20,815)
Repurchase of common shares to satisfy employee tax withholding requirements (3,135) (3,128)
Distributions on preferred shares (6,279) (6,279)
Distributions on common shares (23,192) (23,229)
Distributions on and redemption of Operating Partnership units (114) (107)
Payments of deferred financing costs (14,361) 0
Net cash flow used in financing activities (52,431) (53,558)
Net change in cash, cash equivalents, and restricted cash reserves (54,602) (60,931)
Cash, cash equivalents, and restricted cash reserves, beginning of period 442,061 433,325
Cash, cash equivalents, and restricted cash reserves, end of period $ 387,459 $ 372,394