Consolidated Statements of Operations and Comprehensive Income - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Revenues
Total revenues	$ 442,888	$ 1,612,213	$ 828,678
Hotel operating expenses:
Total hotel operating expenses	379,426	974,168	511,834
Depreciation and amortization	224,560	234,880	108,475
Real estate taxes, personal property taxes, property insurance, and ground rent	114,333	125,013	54,191
General and administrative	45,158	34,047	20,945
Transaction costs	10,544	8,679	75,049
Impairment loss	74,556	0	0
(Gain) loss on sale of hotel properties	(117,401)	(2,819)	2,147
(Gain) loss and other operating expenses	4,421	8,903	(10,935)
Total operating expenses	735,597	1,382,871	761,706
Operating income (loss)	(292,709)	229,342	66,972
Interest expense	(104,098)	(108,474)	(53,923)
Other	517	29	2,078
Income (loss) before income taxes	(396,290)	120,897	15,127
Income tax (expense) benefit	3,697	(5,172)	(1,742)
Net income (loss)	(392,593)	115,725	13,385
Net income (loss) attributable to non-controlling interests	(864)	283	(8)
Net income (loss) attributable to the Company	(391,729)	115,442	13,393
Distributions to preferred shareholders	(32,556)	(32,556)	(17,466)
Net income (loss) attributable to common shareholders	$ (424,285)	$ 82,886	$ (4,073)
Net income (loss) per share available to common shareholders, basic (in usd per share)	$ (3.25)	$ 0.63	$ (0.06)
Net income (loss) per share available to common shareholders, diluted (in usd per share)	$ (3.25)	$ 0.63	$ (0.06)
Weighted-average number of common shares, basic (in shares)	130,610,015	130,471,670	74,286,307
Weighted-average number of common shares, diluted (in shares)	130,610,015	130,718,306	74,286,307
Comprehensive Income:
Net income (loss)	$ (392,593)	$ 115,725	$ 13,385
Other comprehensive income (loss):
Change in fair value of derivative instruments	(63,861)	(25,785)	(1,929)
Amounts reclassified from other comprehensive income	28,505	(260)	(978)
Comprehensive income (loss)	(427,949)	89,680	10,478
Comprehensive income (loss) attributable to non-controlling interests	(934)	209	(16)
Comprehensive income (loss) attributable to the Company	(427,015)	89,471	10,494
Room
Revenues
Total revenues	287,439	1,103,947	565,107
Hotel operating expenses:
Total hotel operating expenses	91,771	275,855	143,171
Food and beverage
Revenues
Total revenues	95,892	370,584	199,089
Hotel operating expenses:
Total hotel operating expenses	77,698	260,278	136,845
Other
Revenues
Total revenues	59,557	137,682	64,482
Hotel operating expenses:
Total hotel operating expenses	$ 209,957	$ 438,035	$ 231,818