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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Cash flows from operating activities:    
Net income (loss) $ 2,702 $ (28,111)
Adjustments to reconcile net income (loss) to net cash (used in) provided by operating activities:    
Depreciation 13,274 13,000
Amortization of deferred franchise fees 60 61
Amortization of deferred financing fees included in interest expense 480 227
Loss on sale of hotel property 43 0
Gain on sale of investment in unconsolidated real estate entities (23,817) 0
Impairment loss on investment in unconsolidated real estate entities 0 15,282
Share based compensation 1,156 1,206
Accelerated share based compensation for employee severance 0 287
Loss from unconsolidated real estate entities 1,231 3,673
Changes in assets and liabilities:    
Right of use asset 161 155
Hotel receivables (818) 1,829
Deferred costs 0 (16)
Prepaid expenses and other assets (4,617) (3,407)
Accounts payable and accrued expenses (1,797) (6,932)
Lease liability (130) (114)
Net cash used in operating activities (12,072) (2,860)
Cash flows from investing activities:    
Improvements and additions to hotel properties (1,115) (6,110)
Investment in hotel properties under development (8,889) (6,197)
Proceeds from sale of unconsolidated real estate entity 2,800 0
Net cash used in investing activities (7,204) (12,307)
Cash flows from financing activities:    
Borrowings on revolving credit facility 8,000 86,000
Repayments on revolving credit facility (23,300) (3,000)
Borrowings on construction loan 8,432 0
Payments on mortgage debt (2,300) (2,297)
Payment of financing costs (142) 0
Payment of offering costs (518) (2)
Proceeds from issuance of common shares 21,294 92
Distributions-common shares/units (281) (16,237)
Net cash provided by financing activities 11,185 64,556
Net change in cash, cash equivalents and restricted cash (8,091) 49,389
Cash, cash equivalents and restricted cash, beginning of period 31,453 20,182
Cash, cash equivalents and restricted cash, end of period 23,362 69,571
Supplemental disclosure of cash flow information:    
Cash paid for interest 6,698 6,835
Capitalized interest 690 277
Cash paid for income taxes $ 2 $ 4