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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Cash flows from operating activities:    
Net loss $ (7,399) $ (73,616)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation 40,172 40,165
Amortization of deferred franchise fees 183 184
Amortization of deferred financing fees included in interest expense 1,444 866
Loss on sale of hotel property 21 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 3,585 3,473
Accelerated share based compensation for employee severance 0 288
Loss from unconsolidated real estate entities 1,231 6,099
Changes in assets and liabilities:    
Right of use asset 490 469
Hotel receivables (1,547) 2,401
Deferred costs (327) (21)
Prepaid expenses and other assets (2,872) (1,415)
Accounts payable and accrued expenses 7,649 (6,569)
Lease liability (397) (356)
Net cash provided by (used in) operating activities 18,416 (12,750)
Cash flows from investing activities:    
Improvements and additions to hotel properties (5,224) (13,907)
Acquisition of hotel properties (71,335) 0
Investment in hotel properties under development (20,517) (13,223)
Proceeds from sale of unconsolidated real estate entity 2,800 0
Net cash used in investing activities (94,276) (27,130)
Cash flows from financing activities:    
Borrowings on revolving credit facility 90,000 86,000
Repayments on revolving credit facility (155,300) (3,000)
Borrowings on construction loan 18,958 3,923
Payments on mortgage debt (18,992) (6,732)
Payment of financing costs (144) (2,004)
Proceeds from issuance of common shares 24,598 166
Proceeds from issuance of preferred shares 120,000 0
Distributions-common shares/units (282) (16,237)
Net cash provided by financing activities 73,973 62,113
Net change in cash, cash equivalents and restricted cash (1,887) 22,233
Cash, cash equivalents and restricted cash, beginning of period 31,453 20,182
Cash, cash equivalents and restricted cash, end of period 29,566 42,415
Supplemental disclosure of cash flow information:    
Cash paid for interest 19,507 20,968
Capitalized interest 2,508 951
Cash paid for income taxes 322 328
Common Shares    
Cash flows from financing activities:    
Payment of offering costs on common/preferred shares (822) (3)
Preferred Shares    
Cash flows from financing activities:    
Payment of offering costs on common/preferred shares $ (4,043) $ 0