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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Cash flows from operating activities:    
Net income $ 9,713 $ 15,572
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation 23,611 24,649
Amortization of deferred franchise fees 107 107
Amortization of deferred financing fees included in interest expense 141 548
Impairment loss 6,663 0
Loss on early extinguishment of debt 0 4
Share based compensation 1,786 1,495
Income from unconsolidated real estate entities (842) (295)
Changes in assets and liabilities:    
Hotel receivables (2,887) (1,850)
Deferred tax asset 426 0
Deferred costs (44) (94)
Prepaid expenses and other assets (2,349) (426)
Accounts payable and accrued expenses 321 (98)
Net cash provided by operating activities 36,646 39,612
Cash flows from investing activities:    
Improvements and additions to hotel properties (12,865) (11,774)
Distributions from unconsolidated entities 719 4,069
Investment in unconsolidated real estate entities 5,037 0
Restricted cash 58 (3,235)
Net cash used in investing activities (17,125) (10,940)
Cash flows from financing activities:    
Borrowings on revolving credit facility 24,000 24,450
Repayments on revolving credit facility (31,500) (23,750)
Payments on mortgage debt (2,070) (1,784)
Principal prepayment of mortgage debt 0 (5,954)
Payment of financing costs 0 (50)
Payment of offering costs (512) (1)
Proceeds from issuance of common shares 16,871 192
Distributions-common shares/units (25,634) (27,503)
Net cash used in financing activities (18,845) (34,400)
Net change in cash and cash equivalents 676 (5,728)
Cash and cash equivalents, beginning of period 12,118 21,036
Cash and cash equivalents, end of period 12,794 15,308
Supplemental disclosure of cash flow information:    
Cash paid for interest 13,297 13,486
Cash paid for income taxes $ 294 $ 485