Consolidated Statements of Cash Flows - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Operating activities:
Net income (loss)	$ (100,216)	$ (121,440)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:
Depreciation and amortization	59,100	55,443
Share-based compensation	2,354	2,182
Amortization of deferred financing costs, non-cash interest and other amortization	3,489	4,744
Impairment loss	60,983	14,856
Non-cash ground rent	2,489	1,521
Other adjustments	(1,906)	69
Changes in assets and liabilities:
Hotel receivables	(2,694)	(6,800)
Prepaid expenses and other assets	(2,127)	1,686
Accounts payable and accrued expenses	7,147	35,110
Deferred revenues	10,213	5,493
Net cash provided by (used in) operating activities	38,832	(7,136)
Investing activities:
Improvements and additions to hotel properties	(19,906)	(9,623)
Other investing activities	(47)	(47)
Net cash provided by (used in) investing activities	(19,953)	(9,670)
Financing activities:
Payment of offering costs — common and preferred shares	0	(10)
Payment of deferred financing costs	(32)	(9,576)
Repayments under revolving credit facilities	0	(40,000)
Proceeds from debt	0	263,750
Repayments of debt	(324)	(177,000)
Purchases of capped calls for convertible senior notes	0	(20,975)
Repurchases of common shares	(1,113)	(720)
Distributions — common shares/units	(1,322)	(1,312)
Distributions — preferred shares	(11,344)	(8,139)
Repayments of refundable membership deposits	(1,038)	(880)
Net cash provided by (used in) financing activities	(15,173)	5,138
Net change in cash and cash equivalents and restricted cash	3,706	(11,668)
Cash and cash equivalents and restricted cash, beginning of year	92,247	136,300
Cash and cash equivalents and restricted cash, end of period	$ 95,953	$ 124,632