CONSOLIDATED STATEMENTS OF CASH FLOWS $ in Thousands	3 Months Ended
	Mar. 31, 2020 USD ($)	Mar. 31, 2019 USD ($)
CASH FLOWS FROM OPERATING ACTIVITIES
Net (loss) income	$ (162,519)	$ 17,916
Adjustments to reconcile net (loss) income to net cash (used in) provided by operating activities:
Bad debt expense	318	180
Noncash interest on derivatives and finance lease obligations, net	6,080	2,119
Depreciation	36,736	36,345
Amortization of franchise fees and other intangibles	10	42
Amortization of deferred financing costs	699	698
Amortization of deferred stock compensation	2,207	2,122
Impairment losses	115,366
Deferred income taxes, net	7,415	(3,284)
Changes in operating assets and liabilities:
Accounts receivable	11,757	(8,642)
Prepaid expenses and other assets	(247)	(2,131)
Accounts payable and other liabilities	(12,226)	(5,837)
Accrued payroll and employee benefits	(7,860)	(7,937)
Operating lease right-of-use assets and obligations	(261)	(19)
Net cash (used in) provided by operating activities	(2,525)	31,572
CASH FLOWS FROM INVESTING ACTIVITIES
Disposition deposit	3,500
Acquisition of hotel property	(346)
Renovations and additions to hotel properties and other assets	(17,016)	(24,520)
Net cash used in investing activities	(13,862)	(24,520)
CASH FLOWS FROM FINANCING ACTIVITIES
Repurchases of outstanding common stock	(103,894)
Repurchases of common stock for employee tax obligations	(3,992)	(4,435)
Proceeds from credit facility	300,000
Payments on notes payable	(1,898)	(1,834)
Dividends and distributions paid	(135,872)	(126,461)
Distributions to noncontrolling interest	(2,000)	(1,950)
Net cash provided by (used in) financing activities	52,344	(134,680)
Net increase (decrease) in cash and cash equivalents and restricted cash	35,957	(127,628)
Cash and cash equivalents and restricted cash, beginning of period	864,973	862,369
Cash and cash equivalents and restricted cash, end of period	900,930	734,741
Supplemental Disclosure of Cash Flow Information
Cash and cash equivalents	847,445	683,995
Restricted cash	53,485	50,746
Cash and cash equivalents and restricted cash, end of period	900,930	734,741
Cash paid for interest	13,091	14,292
Cash paid for income taxes, net	77	137
Supplemental Disclosure of Noncash Investing and Financing Activities
Accrued renovations and additions to hotel properties and other assets	9,382	11,639
Amortization of deferred stock compensation - construction activities	117	99
Dividends and distributions payable	$ 13,984	$ 14,636