CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023
CASH FLOWS FROM OPERATING ACTIVITIES
Net Income	$ 42,426	$ 79,723
Adjustments to reconcile net income to net cash provided by operating activities:
Bad debt expense	319	184
Gain on sale of assets, net	(457)
Gain on extinguishment of debt	(59)	(9,930)
Noncash interest on derivatives, net	1,095	(3,348)
Depreciation	90,862	97,540
Amortization of franchise fees and other intangibles	979	332
Amortization of deferred financing costs	2,219	1,960
Amortization of deferred stock compensation	8,381	8,263
Gain on insurance recoveries	(314)	(3,722)
Changes in operating assets and liabilities:
Accounts receivable	(17)	7,477
Prepaid expenses and other assets	(5,555)	(5,804)
Accounts payable and other liabilities	275	(3,851)
Operating lease right-of-use assets and obligations	(271)	(82)
Net cash provided by operating activities	139,883	168,742
CASH FLOWS FROM INVESTING ACTIVITIES
Acquisition of hotel property	(229,330)
Disposition deposit		10,000
Proceeds from property insurance	314	3,722
Renovations and additions to hotel properties and other assets	(110,241)	(73,944)
Net cash used in investing activities	(339,257)	(60,222)
CASH FLOWS FROM FINANCING ACTIVITIES
Acquisition of noncontrolling interest, including transaction costs		(299)
Payment of stock issuance costs		(428)
Repurchases of outstanding common stock	(26,294)	(35,523)
Repurchases of common stock for employee tax obligations	(4,160)	(3,348)
Proceeds from notes payable		225,000
Payments on notes payable	(1,613)	(221,554)
Payments of deferred financing costs		(2,332)
Dividends and distributions paid	(69,697)	(42,246)
Net cash used in financing activities	(101,764)	(80,730)
Net (decrease) increase in cash and cash equivalents and restricted cash	(301,138)	27,790
Cash and cash equivalents and restricted cash, beginning of period	493,698	157,206
Cash and cash equivalents and restricted cash, end of period	192,560	184,996
Supplemental Disclosure of Cash Flow Information
Cash and cash equivalents	115,542	113,768
Restricted cash	77,018	71,228
Total cash and cash equivalents and restricted cash shown on the consolidated statements of cash flows	192,560	184,996
Cash paid for interest, net of capitalized interest	39,734	39,013
Cash paid for income taxes, net	3,476	1,272
Operating cash flows used for operating leases	4,288	4,150
Changes in operating lease right-of-use assets	3,425	3,304
Changes in operating lease obligations	(3,696)	(3,386)
Changes in operating lease right-of-use assets and lease obligations, net	(271)	(82)
Supplemental Disclosure of Noncash Investing and Financing Activities
Accrued renovations and additions to hotel properties and other assets	25,247	12,029
Operating lease right-of-use asset obtained in exchange for operating lease obligation		2,163
Amortization of deferred stock compensation - construction activities	155	352
Dividends and distributions payable	$ 22,619	$ 17,765