Consolidated Statements of Cash Flows - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2025	Jun. 30, 2024
Operating activities:
Net income (loss)	$ (12,895)	$ 4,719
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:
Depreciation and amortization	115,188	114,505
Provision for deferred income taxes	3,334	0
Share-based compensation	6,742	6,583
Amortization of deferred financing costs, non-cash interest and other amortization	5,889	6,685
Non-cash ground rent	4,881	4,924
Other adjustments	(230)	(2,783)
Changes in assets and liabilities:
Hotel receivables	(10,438)	(19,297)
Prepaid expenses and other assets	10,552	10,419
Accounts payable and accrued expenses	9,242	(5,843)
Deferred revenues	8,618	9,759
Net cash provided by (used in) operating activities	140,883	129,671
Investing activities:
Improvements and additions to hotel properties	(49,508)	(82,672)
Property insurance proceeds	2,386	21,529
Other investing activities	(382)	(560)
Net cash provided by (used in) investing activities	(47,504)	(61,703)
Financing activities:
Payment of deferred financing costs	(78)	(5,509)
Repayments of debt	(1,098)	(110,859)
Repurchases of common shares	(15,612)	(6,851)
Distributions — common shares/units	(2,412)	(2,444)
Distributions — preferred shares/units	(23,591)	(23,591)
Other financing activities	(1,041)	(1,177)
Net cash provided by (used in) financing activities	(43,832)	(150,431)
Net change in cash and cash equivalents and restricted cash	49,547	(82,463)
Cash and cash equivalents and restricted cash, beginning of year	217,591	193,641
Cash and cash equivalents and restricted cash, end of period	$ 267,138	$ 111,178