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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Cash flows from operating activities:    
Net income $ 24,222 $ 29,018
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation 34,501 36,593
Amortization of deferred franchise fees 161 160
Amortization of deferred financing fees included in interest expense 394 812
Impairment loss 6,663 0
Loss on early extinguishment of debt 0 4
Share based compensation 2,785 2,256
Income from unconsolidated real estate entities (2,031) (1,346)
Changes in assets and liabilities:    
Hotel receivables (3,285) (2,816)
Deferred tax asset 426 0
Deferred costs (878) (94)
Prepaid expenses and other assets (1,596) 741
Accounts payable and accrued expenses 5,246 4,532
Net cash provided by operating activities 66,608 69,860
Cash flows from investing activities:    
Improvements and additions to hotel properties (21,523) (17,095)
Acquisition of hotel properties, net of cash acquired 49,864 0
Distributions from unconsolidated entities 2,001 6,611
Investment in unconsolidated real estate entities (5,037) 0
Restricted cash (2,611) (5,660)
Net cash used in investing activities (77,034) (16,144)
Cash flows from financing activities:    
Borrowings on revolving credit facility 82,000 33,450
Repayments on revolving credit facility (59,500) (46,030)
Payments on mortgage debt (3,094) (2,759)
Principal prepayment of mortgage debt 0 (5,954)
Payment of financing costs 0 (50)
Payment of offering costs (812) (8)
Proceeds from issuance of common shares 29,736 344
Distributions-common shares/units (38,740) (40,279)
Net cash provided by (used in) financing activities 9,590 (61,286)
Net change in cash and cash equivalents (836) (7,570)
Cash and cash equivalents, beginning of period 12,118 21,036
Cash and cash equivalents, end of period 11,282 13,466
Supplemental disclosure of cash flow information:    
Cash paid for interest 19,878 20,258
Cash paid for income taxes $ 684 $ 485