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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Cash flows from operating activities:      
Net (loss) income $ (77,020) $ 18,880 $ 30,870
Adjustments to reconcile net loss to net cash used in operating activities:      
Depreciation 53,627 51,258 47,932
Amortization of deferred franchise fees 244 247 237
Amortization of deferred financing fees included in interest expense 1,275 912 902
(Gain) loss on sale of hotel property (21,116) 3,282 18
Impairment loss on investment in unconsolidated real estate entities 15,282 0 0
Deferred tax expense (benefit) 29 29 (28)
Share based compensation 4,597 4,719 4,210
Accelerated share based compensation for employee severance 288 0 0
Loss from unconsolidated real estate entities 7,424 6,448 876
Changes in assets and liabilities:      
Right of use asset 629 613  
Hotel receivables 2,940 (102) (437)
Deferred costs (6) (17) (243)
Prepaid expenses and other assets 292 (308) 64
Accounts payable and accrued expenses (7,962) 664 1,814
Lease liability (484) (391)  
Net cash (used in) provided by operating activities (19,961) 86,234 86,215
Cash flows from investing activities:      
Improvements and additions to hotel properties (14,487) (35,859) (31,417)
Investment in hotel properties under development (23,155) (12,224) 0
Acquisition of hotel properties, net of cash acquired 0 (8,171) (70,020)
Proceeds from sale of hotel properties, net 64,448 8,987 0
Distributions from unconsolidated entities 0 2,692 5,036
Net cash provided by (used in) investing activities 26,806 (44,575) (96,401)
Cash flows from financing activities:      
Borrowings on revolving credit facility 86,000 74,500 149,000
Repayments on revolving credit facility (40,700) (66,000) (99,500)
Borrowings on construction loan 13,325 0 0
Payments on mortgage debt (35,744) (6,695) (4,899)
Payments of financing costs (2,351) (48) (955)
Payment of offering costs (49) (209) (518)
Proceeds from issuance of common shares 182 7,298 24,486
Distributions - common shares/units (16,237) (62,660) (61,590)
Net cash provided by (used in) financing activities 4,426 (53,814) 6,024
Net change in cash, cash equivalents and restricted cash 11,271 (12,155) (4,162)
Cash, cash equivalents and restricted cash, beginning of period 20,182 32,337 36,499
Cash, cash equivalents and restricted cash, end of period 31,453 20,182 32,337
Supplemental disclosure of cash flow information:      
Cash paid for interest 28,119 27,274 25,328
Capitalized interest 1,473 445 0
Cash paid for income taxes $ 328 $ 748 $ 887