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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Cash flows from operating activities:    
Net income (loss) $ 4,324 $ (376)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Depreciation 28,821 30,193
Amortization of deferred franchise fees 117 129
Amortization of deferred financing fees included in interest expense 589 720
Gain on sale of hotel properties (55) (2,020)
Loss on early extinguishment of debt 667 0
Share based compensation 3,007 2,713
Gain from partial lease termination (164) 0
Changes in assets and liabilities:    
Right of use asset 342 340
Hotel receivables (527) (4,293)
Deferred costs (380) (243)
Prepaid expenses and other assets (6,186) (5,592)
Accounts payable and accrued expenses 2,580 428
Lease liability (394) (286)
Net cash provided by operating activities 32,741 21,713
Cash flows from investing activities:    
Improvements and additions to hotel properties (15,600) (9,435)
Acquisition of hotel properties 0 (31,048)
Investment in hotel properties under development 0 (3,573)
Proceeds from sale of hotel properties, net 0 79,569
Receipt of deferred key money 0 400
Net cash (used in) provided by investing activities (15,600) 35,913
Cash flows from financing activities:    
Borrowings on revolving credit facility 0 40,000
Repayments on revolving credit facility 0 (95,000)
Borrowings on construction loan 0 4,136
Repayments on construction loan (39,331) 0
Borrowings on unsecured term loan 90,000 0
Payments on mortgage debt (54,221) (4,475)
Payment of financing costs (3) (172)
Proceeds from issuance of common shares 31 33
Distributions-common shares/units (7,096) (147)
Distributions-preferred shares (3,975) (3,975)
Net cash used in financing activities (14,595) (59,707)
Net change in cash, cash equivalents and restricted cash 2,546 (2,081)
Cash, cash equivalents and restricted cash, beginning of period 45,153 29,869
Cash, cash equivalents and restricted cash, end of period 47,699 27,788
Supplemental disclosure of cash flow information:    
Cash paid for interest 11,961 12,976
Capitalized interest 0 330
Cash paid for taxes 697 600
Remeasurement of right of use asset from partial lease termination 531 0
Remeasurement of lease liability from partial lease termination 695 0
Common Shares    
Cash flows from financing activities:    
Payment of offering costs on common shares $ 0 $ (107)