Consolidated Statements of Cash Flows - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019
Cash flows from operating activities:
Net (loss) income	$ (108,079)	$ 38,054
Adjustments to reconcile net (loss) income to net cash provided by (used in) operating activities:
Depreciation and amortization	58,883	58,331
Corporate asset depreciation as corporate expenses	117	110
Non-cash lease expense and other amortization	3,458	3,501
Non-cash interest rate swap fair value adjustment	12,312	1,647
Amortization of debt issuance costs	935	960
Amortization of deferred income related to key money	(198)	(198)
Share-based compensation	3,898	3,659
Changes in assets and liabilities:
Prepaid expenses and other assets	(5,346)	(6,289)
Due to/from hotel managers	37,172	(20,446)
Accounts payable and accrued expenses	(23,292)	1,573
Net cash (used in) provided by operating activities	(20,140)	80,902
Cash flows from investing activities:
Acquisition of interest in the land underlying the Shorebreak Hotel	(1,585)	0
Proceeds from property insurance	10,663	0
Net cash used in investing activities	(60,441)	(89,288)
Cash flows from financing activities:
Scheduled mortgage debt principal payments	(7,082)	(6,863)
Proceeds from sale of common stock, net	1,015	0
Proceeds from mortgage debt	48,000	0
Repayments of mortgage debt	(52,517)	0
Draws on senior unsecured credit facility	400,000	105,000
Repayments of senior unsecured credit facility	(326,015)	0
Payment of financing costs	(1,410)	0
Distributions on common stock and units	(25,557)	(51,558)
Repurchase of common stock	(10,000)	(40,030)
Redemption of Operating Partnership units	(201)	0
Shares redeemed to satisfy tax withholdings on vested share-based compensation	(1,248)	(296)
Net cash provided by financing activities	24,985	6,253
Net decrease in cash, cash equivalents, and restricted cash	(55,596)	(2,133)
Cash, cash equivalents, and restricted cash at beginning of period	179,792	91,598
Cash, cash equivalents, and restricted cash at end of period	124,196	89,465
Supplemental Disclosure of Cash Flow Information:
Cash paid for interest	21,846	21,409
Cash (refunded) paid for income taxes, net	(218)	1,160
Capitalized interest	2,136	499
Non-cash cumulative effect of ASC 842 accounting standard adoption	0	15,286
Non-cash Investing and Financing Activities:
Total cash, cash equivalents and restricted cash	179,792	89,465
Frenchman's Reef
Cash flows from investing activities:
Capital expenditures	(37,689)	(42,245)
Operating hotels
Cash flows from investing activities:
Capital expenditures	$ (31,830)	$ (47,043)