Consolidated Statements of Cash Flows - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019
Cash flows from operating activities:
Net (loss) income	$ (187,714)	$ 49,628
Adjustments to reconcile net (loss) income to net cash (used in) provided by operating activities:
Depreciation and amortization	87,397	87,805
Corporate asset depreciation as corporate expenses	174	170
Loss on early extinguishment of debt	0	2,373
Non-cash lease expense and other amortization	3,744	5,247
Non-cash interest rate swap fair value adjustment	11,329	4,790
Amortization of debt issuance costs	1,480	1,432
Amortization of deferred income related to key money	(297)	(297)
Share-based compensation	5,536	4,882
Changes in assets and liabilities:
Prepaid expenses and other assets	(13,927)	(5,623)
Due to/from hotel managers	45,084	(18,119)
Accounts payable and accrued expenses	(7,509)	3,420
Net cash (used in) provided by operating activities	(54,703)	135,708
Cash flows from investing activities:
Acquisition of interest in the land underlying the Kimpton Shorebreak Resort	(1,585)	0
Proceeds from property insurance	10,663	0
Net cash used in investing activities	(69,150)	(140,803)
Cash flows from financing activities:
Scheduled mortgage debt principal payments	(10,594)	(10,374)
Proceeds from sale of common stock, net	1,015	0
Proceeds from sale of preferred stock, net	114,471	0
Proceeds from mortgage debt	48,000	0
Repayments of mortgage debt	(52,517)	0
Proceeds from senior unsecured term loan	0	350,000
Repayments of senior unsecured term loans	0	(300,000)
Draws on senior unsecured credit facility	400,000	125,000
Repayments of senior unsecured credit facility	(375,015)	(50,000)
Payment of debt financing costs	(1,410)	(4,796)
Distributions on common stock and units	(25,557)	(76,751)
Distributions on preferred stock	(845)	0
Repurchase of common stock	(10,000)	(42,828)
Redemption of Operating Partnership units	(201)	0
Shares redeemed to satisfy tax withholdings on vested share-based compensation	(1,253)	(452)
Net cash provided by (used in) financing activities	86,094	(10,201)
Net decrease in cash, cash equivalents, and restricted cash	(37,759)	(15,296)
Cash, cash equivalents, and restricted cash at beginning of period	179,792	91,598
Cash, cash equivalents, and restricted cash at end of period	142,033	76,302
Supplemental Disclosure of Cash Flow Information:
Cash paid for interest	33,017	32,604
Cash paid for income taxes, net	32	1,310
Capitalized interest	2,136	1,119
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	76,302
Frenchman's Reef
Cash flows from investing activities:
Capital expenditures	(38,312)	(65,208)
Operating hotels
Cash flows from investing activities:
Capital expenditures	$ (39,916)	$ (75,595)