CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	3 Months Ended	6 Months Ended
	Jun. 30, 2022	Jun. 30, 2022	Jun. 30, 2021
CASH FLOWS FROM OPERATING ACTIVITIES
Net income (loss)	$ 37,692	$ 52,815	$ (83,205)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:
Bad debt expense		313	157
(Gain) loss on sale of assets		(22,946)	70
Loss (gain) on extinguishment of debt	(21)	192	(310)
Noncash interest on derivatives, net		(2,865)	(1,578)
Depreciation		62,011	63,478
Amortization of franchise fees and other intangibles		218	21
Amortization of deferred financing costs	671	1,351	1,472
Amortization of deferred stock compensation		6,431	7,411
Gain on hurricane-related damage		(4,369)
Changes in operating assets and liabilities:
Accounts receivable		(12,147)	(16,771)
Prepaid expenses and other assets		5,705	4,426
Accounts payable and other liabilities		7,063	10,191
Accrued payroll and employee benefits		(2,419)	1,384
Operating lease right-of-use assets and obligations		(700)	(669)
Net cash provided by (used in) operating activities		90,653	(13,923)
CASH FLOWS FROM INVESTING ACTIVITIES
Proceeds from sale of assets		191,291
Proceeds from property insurance		4,369
Acquisitions of hotel properties and other assets		(232,506)	(195,646)
Renovations and additions to hotel properties and other assets		(62,621)	(16,785)
Net cash used in investing activities		(99,467)	(212,431)
CASH FLOWS FROM FINANCING ACTIVITIES
Acquisition of noncontrolling interest, including transaction costs		(101,348)
Proceeds from preferred stock offerings			115,000
Redemption of preferred stock			(115,000)
Proceeds from common stock offerings			38,443
Repurchases of outstanding common stock		(77,980)
Repurchases of common stock for employee tax obligations		(3,351)	(4,877)
Proceeds from credit facility		230,000
Payments on notes payable		(35,994)	(1,642)
Dividends paid		(6,699)	(7,969)
Distribution to noncontrolling interest		(5,500)
Contribution from noncontrolling interest			1,375
Net cash (used in) provided by financing activities		(963)	20,603
Net decrease in cash and cash equivalents and restricted cash		(9,777)	(205,751)
Cash and cash equivalents and restricted cash, beginning of period		162,717	416,139
Cash and cash equivalents and restricted cash, end of period	152,940	152,940	210,388
Supplemental Disclosure of Cash Flow Information
Cash and cash equivalents	107,329	107,329	162,898
Restricted cash	45,611	45,611	47,490
Cash and cash equivalents and restricted cash, end of period	152,940	152,940	210,388
Cash paid for interest		13,412	15,699
Cash paid for income taxes, net		134	5
Operating cash flows used for operating leases		3,407	3,364
Changes in operating lease right-of-use assets		2,005	1,836
Changes in operating lease obligations		(2,705)	(2,505)
Changes in operating lease right-of-use assets and lease obligations, net		(700)	(669)
Supplemental Disclosure of Noncash Investing and Financing Activities
Accrued renovations and additions to hotel properties and other assets		18,725	7,114
Amortization of deferred stock compensation - construction activities		241	242
Preferred stock redemption charges			4,016
Dividends payable	4,360	4,360	2,225
Montage Healdsburg
Supplemental Disclosure of Noncash Investing and Financing Activities
Issuance of preferred stock in connection with hotel acquisition			66,250
Hyatt Centric Chicago Magnificent Mile
Supplemental Disclosure of Noncash Investing and Financing Activities
Disposition deposit received in prior year in connection with sale of hotel		4,000
Assignment of finance lease right-of-use asset in connection with sale of hotel	44,712	44,712
Assignment of finance lease obligation in connection with sale of hotel	15,569	15,569
Hilton Garden Inn Chicago Downtown/Magnificent Mile
Supplemental Disclosure of Noncash Investing and Financing Activities
Assignment of operating lease right-of-use asset in connection with sale of hotel	2,275	2,275
Assignment of operating lease obligation in connection with sale of hotel	$ 2,609	2,609
Preferred Stock
CASH FLOWS FROM FINANCING ACTIVITIES
Payment of stock issuance costs			(3,943)
Common Stock
CASH FLOWS FROM FINANCING ACTIVITIES
Payment of stock issuance costs		$ (91)	$ (784)