Consolidated Statements of Cash Flows - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Operating activities:
Net income (loss)	$ (74,276)	$ (84,981)	$ (186,372)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:
Depreciation and amortization	240,645	239,583	224,251
Share-based compensation	12,545	11,350	11,433
Amortization of deferred financing costs, non-cash interest and other amortization	12,124	13,453	16,633
Gain on sale of hotel properties	(30,375)	(6,194)	(64,729)
Impairment	81,788	89,633	14,856
Non-cash ground rent	9,898	9,952	7,061
Other adjustments	(7,801)	(4,713)	(1,959)
Changes in assets and liabilities:
Hotel receivables	1,171	(7,974)	(27,509)
Prepaid expenses and other assets	(11,190)	(10,018)	(428)
Accounts payable and accrued expenses	(5,860)	24,808	51,793
Deferred revenues	7,528	3,846	25,736
Net cash provided by (used in) operating activities	236,197	278,745	70,766
Investing activities:
Improvements and additions to hotel properties	(200,634)	(116,743)	(83,827)
Proceeds from sales of hotel properties	314,941	248,908	255,927
Acquisition of hotel properties	0	(247,163)	(253,541)
Property insurance proceeds	30,210	5,638	0
Other investing activities	(2,495)	(25)	(128)
Net cash provided by (used in) investing activities	142,022	(109,385)	(81,569)
Financing activities:
Gross proceeds from issuance of preferred shares	0	0	480,000
Payment of offering costs — common and preferred shares	0	(123)	(15,947)
Payment of deferred financing costs	(2,710)	(12,415)	(14,510)
Borrowings under revolving credit facilities	10,000	190,151	0
Repayments under revolving credit facilities	(10,000)	(190,151)	(40,000)
Proceeds from debt	140,000	1,380,000	268,599
Repayments of debt	(211,088)	(1,434,956)	(392,236)
Purchases of capped calls for convertible senior notes	0	0	(20,975)
Repurchases of common shares	(92,753)	(70,724)	(720)
Redemption of preferred shares	(15,790)	(16,000)	(250,000)
Distributions — common shares/units	(4,971)	(5,291)	(5,279)
Distributions — preferred shares/units	(48,607)	(47,367)	(39,443)
Other financing activities	(928)	(2,462)	(2,739)
Net cash provided by (used in) financing activities	(236,847)	(209,338)	(33,250)
Net change in cash and cash equivalents and restricted cash	141,372	(39,978)	(44,053)
Cash and cash equivalents and restricted cash, beginning of year	52,269	92,247	136,300
Cash and cash equivalents and restricted cash, end of year	$ 193,641	$ 52,269	$ 92,247