Consolidated Statements of Cash Flows - USD ($) $ in Thousands	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023	Dec. 31, 2023
Cash flows from operating activities:
Net income	$ 73,931	$ 65,289	$ 127,981	$ 98,212
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	47,715	45,994	94,538	91,900
Gain on sale of real estate	(449)	0	(18,215)	0
Other non-cash expenses, net			4,230	4,166
Changes in operating assets and liabilities:
Increase in due from third party managers, net			(27,020)	(24,187)
Increase in other assets, net			(1,137)	(8,044)
Increase in accounts payable and other liabilities			1,578	8,517
Net cash provided by operating activities			181,955	170,564
Cash flows from investing activities:
Acquisition of hotel properties, net			(197,285)	(30,948)
Disbursements for potential acquisitions, net			0	(1,070)
Capital improvements			(44,997)	(35,085)
Net proceeds from sale of real estate			40,056
Net cash used in investing activities			(202,226)	(67,103)
Cash flows from financing activities:
Repurchases of common shares			(15,476)	(6,831)
Common shares surrendered to satisfy employee withholding requirements			(5,050)	(5,742)
Distributions paid to common shareholders	(58,000)	(54,900)	(128,201)	(128,282)
Equity issuance costs			(332)	(50)
Proceeds from revolving credit facility			322,900	166,500
Payments on revolving credit facility			(153,900)	(142,500)
Proceeds from term loans and senior notes			0	50,000
Payments of mortgage debt and other loans			(4,547)	(41,757)
Principal payments on finance leases			(222)	(136)
Net cash provided by (used in) financing activities			15,172	(108,798)
Net change in cash, cash equivalents and restricted cash			(5,099)	(5,337)
Cash, cash equivalents and restricted cash, beginning of period			43,618	43,512	$ 43,512
Cash, cash equivalents and restricted cash, end of period	38,519	38,175	38,519	38,175	43,618
Supplemental cash flow information:
Interest paid			36,083	32,703
Income taxes paid			745	987
Supplemental disclosure of noncash investing and financing activities:
Accrued distribution to common shareholders	19,270	18,279	19,270	18,279	31,400
Accrued capital expenditures			3,404	3,803
Reconciliation of cash, cash equivalents and restricted cash:
Cash and cash equivalents, beginning of period			10,287	4,077	4,077
Restricted cash-furniture, fixtures and other escrows, beginning of period			33,331	39,435	39,435
Cash, cash equivalents and restricted cash, beginning of period			43,618	43,512	43,512
Cash and cash equivalents, end of period	7,224	6,420	7,224	6,420	10,287
Restricted cash-furniture, fixtures and other escrows, end of period	31,295	31,755	31,295	31,755	33,331
Cash, cash equivalents and restricted cash, end of period	$ 38,519	$ 38,175	$ 38,519	$ 38,175	$ 43,618