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Organization and Description of Business (Details)
3 Months Ended 12 Months Ended
Nov. 23, 2021
Jun. 28, 2021
Nov. 25, 2020
Dec. 31, 2021
USD ($)
room
hotel
unit
shares
Dec. 31, 2021
USD ($)
hotel
unit
room
shares
Dec. 31, 2020
USD ($)
hotel
shares
Dec. 31, 2019
USD ($)
hotel
Jul. 16, 2021
shares
Jul. 15, 2021
shares
Jan. 15, 2021
USD ($)
Dec. 31, 2018
USD ($)
Real Estate Properties [Line Items]                      
Number of hotels | hotel         103 117 121        
Number of rooms | room       22,313 22,313            
Investments in unconsolidated entities       $ 11,253,000 $ 11,253,000 $ 2,811,000          
Stock split ratio   0.1                  
Number of shares of common stock (in shares) | shares       34,490,381 34,490,381 6,436,250   26,500,000 265,100,000    
Number of outstanding units (in shares) | shares               402,000 4,000,000    
Cash and cash equivalents       $ 592,110,000 $ 592,110,000 $ 92,905,000 $ 262,636,000       $ 319,210,000
Restricted cash       $ 99,534,000 $ 99,534,000 $ 74,408,000 $ 135,571,000       $ 120,602,000
Preferred Stock, Series D                      
Real Estate Properties [Line Items]                      
Preferred stock percentage 8.45%   8.45% 8.45% 8.45%            
Preferred Stock, Series F                      
Real Estate Properties [Line Items]                      
Preferred stock percentage 7.375%   7.375% 7.375% 7.375%            
Preferred Stock, Series G                      
Real Estate Properties [Line Items]                      
Preferred stock percentage 7.375%   7.375% 7.375% 7.375%            
Preferred Stock, Series H                      
Real Estate Properties [Line Items]                      
Preferred stock percentage 7.50%   7.50% 7.50% 7.50%            
Preferred Stock, Series I                      
Real Estate Properties [Line Items]                      
Preferred stock percentage 7.50%   7.50% 7.50% 7.50%            
Line of Credit | Credit Agreement, Initial Term Loan | Oaktree Capital Management, L.P.                      
Real Estate Properties [Line Items]                      
Principal amount                   $ 200,000,000  
Line of Credit | Credit Agreement, Initial Delayed Draw Term Loan | Oaktree Capital Management, L.P.                      
Real Estate Properties [Line Items]                      
Principal amount                   150,000,000  
Line of Credit | Credit Agreement, Additional Delayed Draw Term Loan | Oaktree Capital Management, L.P.                      
Real Estate Properties [Line Items]                      
Principal amount                   $ 100,000,000  
World Quest Resort                      
Real Estate Properties [Line Items]                      
Number of rooms | unit       85 85            
OpenKey                      
Real Estate Properties [Line Items]                      
Ownership percentage       16.70% 16.70% 17.50%          
Investments in unconsolidated entities       $ 2,771,000 $ 2,771,000 $ 2,811,000          
815 Commerce MM                      
Real Estate Properties [Line Items]                      
Ownership percentage       32.50% 32.50% 0.00%          
Investments in unconsolidated entities       $ 8,482,000 $ 8,482,000 $ 0          
Subsidiaries                      
Real Estate Properties [Line Items]                      
Number of hotels | hotel         100            
Number of hotel properties managed by affiliates | hotel       68 68