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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Cash flows from operating activities:    
Net income $ 21,251 $ 31,044
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation 38,508 35,744
Amortization of deferred franchise fees 186 176
Amortization of deferred financing fees included in interest expense 684 680
Loss on sale of hotel property 3,295 0
Share based compensation 3,508 3,162
Loss (gain) from unconsolidated real estate entities 3,450 (938)
Distributions from unconsolidated entities 0 354
Changes in assets and liabilities:    
Right of use asset 460  
Hotel receivables (4,938) (2,368)
Deferred costs (30) (109)
Prepaid expenses and other assets (1,801) (1,262)
Accounts payable and accrued expenses 5,395 4,948
Lease liability (287) 0
Net cash provided by operating activities 69,681 71,431
Cash flows from investing activities:    
Improvements and additions to hotel properties (30,342) (23,309)
Acquisition of hotel properties, net of cash acquired (8,100) (21,046)
Investment in hotel properties under development (6,902) 0
Proceeds from sale of hotel properties, net 8,987 0
Distributions from unconsolidated real estate entities 661 3,871
Net cash used in investing activities (35,696) (40,484)
Cash flows from financing activities:    
Borrowings on revolving credit facility 59,500 83,000
Repayments on revolving credit facility (55,000) (85,000)
Payments on mortgage debt (4,424) (3,638)
Payment of financing costs (48) (954)
Payment of offering costs (207) (515)
Proceeds from issuance of common shares 7,199 24,361
Distributions-common shares/units (46,948) (46,047)
Net cash used in financing activities (39,928) (28,793)
Net change in cash, cash equivalents and restricted cash (5,943) 2,154
Cash, cash equivalents and restricted cash, beginning of period 32,337 36,499
Cash, cash equivalents and restricted cash, end of period 26,394 38,653
Supplemental disclosure of cash flow information:    
Cash paid for interest 20,605 18,897
Capitalized interest 226 0
Cash paid for income taxes $ 591 $ 856