Consolidated Statements of Cash Flows - USD ($) $ in Thousands	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2025	Jun. 30, 2024	Jun. 30, 2025	Jun. 30, 2024	Dec. 31, 2024
Cash flows from operating activities:
Net income	$ 63,648	$ 73,931	$ 94,869	$ 127,981
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	48,022	47,715	95,963	94,538
Gain on sale of real estate		(449)	(3,557)	(18,215)
Other non-cash expenses, net			3,390	4,230
Changes in operating assets and liabilities:
Increase in due from third party managers, net			(29,935)	(27,020)
Increase in other assets, net			(3,483)	(1,137)
Increase in accounts payable and other liabilities			688	1,578
Net cash provided by operating activities			157,935	181,955
Cash flows from investing activities:
Acquisition of hotel properties, net			(18,856)	(197,285)
Disbursements for potential acquisitions, net			(35)	0
Capital improvements			(41,572)	(44,997)
Net proceeds from sale of real estate			20,645	40,056
Net cash used in investing activities			(39,818)	(202,226)
Cash flows from financing activities:
Repurchases of common shares			(43,190)	(15,476)
Common shares surrendered to satisfy employee withholding requirements			(3,275)	(5,050)
Distributions paid to common shareholders	(57,100)	(58,000)	(126,657)	(128,201)
Equity issuance costs			(373)	(332)
Proceeds from revolving credit facility			173,000	322,900
Payments on revolving credit facility			(82,500)	(153,900)
Payments of mortgage debt and other loans			(37,052)	(4,547)
Principal payments on finance leases			(314)	(222)
Net cash (used in) provided by financing activities			(120,361)	15,172
Net change in cash, cash equivalents and restricted cash			(2,244)	(5,099)
Cash, cash equivalents and restricted cash, beginning of period			44,067	43,618	$ 43,618
Cash, cash equivalents and restricted cash, end of period	41,823	38,519	41,823	38,519	44,067
Supplemental cash flow information:
Income taxes paid			931	745
Interest paid			39,073	36,083
Supplemental disclosure of noncash investing and financing activities:
Accrued distribution to common shareholders	18,940	19,270	18,940	19,270	31,200
Accrued capital expenditures			4,360	3,404
Reconciliation of cash, cash equivalents and restricted cash:
Cash and cash equivalents, beginning of period			10,253	10,287	10,287
Restricted cash-furniture, fixtures and other escrows, beginning of period			33,814	33,331	33,331
Cash, cash equivalents and restricted cash, beginning of period			44,067	43,618	43,618
Cash and cash equivalents, end of period	7,896	7,224	7,896	7,224	10,253
Restricted cash-furniture, fixtures and other escrows, end of period	33,927	31,295	33,927	31,295	33,814
Cash, cash equivalents and restricted cash, end of period	$ 41,823	$ 38,519	$ 41,823	$ 38,519	$ 44,067