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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Cash flows from operating activities:      
Net (loss) income $ (18,845) $ (77,020) $ 18,880
Adjustments to reconcile net loss to net cash used in operating activities:      
Depreciation 53,967 53,627 51,258
Amortization of deferred franchise fees 248 244 247
Amortization of deferred financing fees included in interest expense 1,825 1,275 912
Loss (gain) on sale of hotel property 21 (21,116) 3,282
Gain on sale of unconsolidated real estate entities (23,817) 0 0
Impairment loss 5,640 0 0
Impairment loss on investment in unconsolidated real estate entities 0 15,282 0
Deferred tax expense 0 29 29
Share based compensation 4,823 4,597 4,719
Accelerated share based compensation for employee severance 0 288 0
Loss from unconsolidated real estate entities 1,231 7,424 6,448
Changes in assets and liabilities:      
Right of use asset 656 629 613
Hotel receivables (1,314) 2,940 (102)
Deferred costs (327) (6) (17)
Prepaid expenses and other assets (526) 292 (308)
Accounts payable and accrued expenses 5,732 (7,962) 664
Lease liability (537) (484) (391)
Net cash provided by (used in) operating activities 28,777 (19,961) 86,234
Cash flows from investing activities:      
Improvements and additions to hotel properties (9,505) (14,487) (35,859)
Investment in hotel properties under development (23,903) (23,155) (12,224)
Acquisition of hotel properties, net of cash acquired (71,335) 0 (8,171)
Proceeds from sale of hotel properties, net 0 64,448 8,987
Distributions from unconsolidated entities 0 0 2,692
Proceeds from sale of unconsolidated real estates entities 2,800 0 0
Net cash (used in) provided by investing activities (101,943) 26,806 (44,575)
Cash flows from financing activities:      
Borrowings on revolving credit facility 90,000 86,000 74,500
Repayments on revolving credit facility (155,300) (40,700) (66,000)
Borrowings on construction loan 21,682 13,325 0
Payments on mortgage debt (21,190) (35,744) (6,695)
Payments of financing costs (736) (2,351) (48)
Proceeds from issuance of common shares 24,612 182 7,298
Proceeds from issuance of preferred shares 120,000 0 0
Distributions - common shares/units (282) (16,237) (62,660)
Distributions - preferred shares (2,319) 0 0
Net cash provided by (used in) financing activities 71,582 4,426 (53,814)
Net change in cash, cash equivalents and restricted cash (1,584) 11,271 (12,155)
Cash, cash equivalents and restricted cash, beginning of period 31,453 20,182 32,337
Cash, cash equivalents and restricted cash, end of period 29,869 31,453 20,182
Supplemental disclosure of cash flow information:      
Cash paid for interest, net of amounts capitalized 25,931 28,119 25,328
Capitalized interest 3,551 1,473 0
Cash paid for income taxes 387 328 887
Common Shares      
Cash flows from financing activities:      
Payment of offering costs on common shares (822) (49) (209)
Preferred Shares      
Cash flows from financing activities:      
Payment of offering costs on common shares $ (4,063) $ 0 $ 0