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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Cash flows from operating activities:      
Net income $ 30,870 $ 29,680 $ 31,695
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation 47,932 46,060 48,562
Amortization of deferred franchise fees 237 217 214
Amortization of deferred financing fees included in interest expense 902 648 1,076
Gain on sale of hotel property 18 (3,327) 0
Income (loss) on sale from unconsolidated real estate entities 0 0 10
Impairment loss 0 6,663 0
Loss on early extinguishment of debt 0 0 4
Loss on write-off of deferred franchise fee 0 16 0
Deferred tax expense (benefit) (28) 396 (426)
Share based compensation 4,210 3,784 3,013
Income from unconsolidated real estate entities 876 (1,582) (718)
Distributions from unconsolidated entities 0 667 0
Changes in assets and liabilities:      
Hotel receivables (437) 353 47
Deferred costs (243) (935) (94)
Prepaid expenses and other assets 64 356 2,288
Accounts payable and accrued expenses 1,814 3,693 1,998
Net cash provided by operating activities 86,215 86,689 87,669
Cash flows from investing activities:      
Improvements and additions to hotel properties (31,417) (30,233) (22,496)
Acquisition of hotel properties, net of cash acquired (70,020) (138,248) 0
Proceeds from sale of hotel properties 0 12,555 0
Distributions from unconsolidated entities 5,036 2,551 7,228
Investment in unconsolidated real estate entities 0 (5,036) 0
Net cash used in investing activities (96,401) (158,411) (15,268)
Cash flows from financing activities:      
Borrowings on revolving credit facility 149,000 129,000 43,450
Repayments on revolving credit facility (99,500) (149,500) (56,530)
Payments on debt (4,899) (4,160) (3,775)
Principal prepayment of mortgage debt 0 0 (5,954)
Payments of financing costs (955) 0 (50)
Payment of offering costs (518) (2,149) (75)
Proceeds from issuance of common shares 24,486 150,691 482
Forfeited distributions - non vested shares 0 (94) (91)
Distributions-common shares/units (61,590) (52,617) (52,966)
Net cash provided by (used in) financing activities 6,024 71,171 (75,509)
Net change in cash, cash equivalents and restricted cash (4,162) (551) (3,108)
Cash, cash equivalents and restricted cash, beginning of period 36,499 37,050 40,158
Cash, cash equivalents and restricted cash, end of period 32,337 36,499 37,050
Supplemental disclosure of cash flow information:      
Cash paid for interest 25,328 26,541 26,836
Cash paid for income taxes $ 887 $ 710 $ 742