CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
Cash flows from operating activities:
Net income	$ 101,942	$ 48,250	$ 86,635
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	113,107	113,588	111,302
Corporate asset depreciation as corporate expenses	204	121	192
Loss on debt extinguishment	5,850	0	0
Non-cash lease expense and other amortization	5,140	5,970	6,156
Non-cash interest rate swap fair value adjustment	0	0	2,033
Amortization of debt issuance costs	1,972	1,967	2,053
Impairment losses	1,076	34,169	941
Amortization of deferred income related to key money	(341)	(431)	(431)
Share-based compensation	7,423	12,019	8,771
Deferred income tax expense	(2,867)	(449)	(975)
Changes in assets and liabilities:
Prepaid expenses and other assets	5,788	(3,936)	(3,684)
Due to/from hotel managers	(3,031)	3,459	24,151
Accounts payable and accrued expenses	7,387	9,682	420
Net cash provided by operating activities	243,650	224,409	237,564
Cash flows from investing activities:
Capital expenditures	(81,563)	(81,588)	(86,314)
Property acquisitions	0	(30,532)	(32,699)
Net proceeds from sale of hotel property	89,023	0	0
Acquisition of interest in land	0	0	(1,833)
Net cash provided by (used in) investing activities	7,460	(112,120)	(120,846)
Cash flows from financing activities:
Mortgage debt principal payments	(295,808)	(82,382)	(9,544)
Repurchases of common stock	(37,111)	(25,993)	(2,423)
Proceeds from senior unsecured term loan	300,000	0	0
Draws on senior unsecured credit facility	60,000	0	0
Repayments of senior unsecured credit facility	(60,000)	0	0
Payment of financing costs	(11,574)	0	0
Distributions on common stock and units	(98,314)	(25,601)	(31,909)
Distributions on preferred stock	(9,817)	(9,817)	(9,817)
Redemption of preferred stock	(119,000)	0	0
Shares redeemed to satisfy tax withholdings on vested share-based compensation	(5,054)	(6,878)	(3,032)
Net cash used in financing activities	(276,678)	(150,671)	(56,725)
Net (decrease) increase in cash and cash equivalents, and restricted cash	(25,568)	(38,382)	59,993
Cash, cash equivalents, and restricted cash beginning of year	128,789	167,171	107,178
Cash, cash equivalents, and restricted cash, end of year	103,221	128,789	167,171
Supplemental disclosure of cash flow information:
Cash paid for interest	58,751	63,775	60,363
Cash paid for income taxes, net of refunds	531	4,654	2,666
Non-cash investing and financing activities:
Distributions declared and unpaid	25,903	49,034	6,324
Accrued capital expenditures	2,500	5,438	4,667
Redemption of Operating Partnership units for common stock	0	0	365
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents [Abstract]
Cash and cash equivalents	68,084	81,381	121,595
Restricted cash	35,137	47,408	45,576
Total cash, cash equivalents, and restricted cash	$ 103,221	$ 128,789	$ 167,171