Consolidated Statements of Cash Flows - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
Cash flows from operating activities:
Net income	$ 2,868	$ 4,644
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation	11,978	11,950
Amortization of deferred franchise fees	58	54
Amortization of deferred financing fees included in interest expense	239	260
Share based compensation	918	787
Loss from unconsolidated real estate entities	754	85
Changes in assets and liabilities:
Hotel receivables	(1,244)	(2,303)
Deferred tax asset	0	426
Deferred costs	(117)	(24)
Prepaid expenses and other assets	(3,041)	(2,435)
Accounts payable and accrued expenses	1,013	1,219
Net cash provided by operating activities	13,426	14,663
Cash flows from investing activities:
Improvements and additions to hotel properties	(6,947)	(5,053)
Distributions from unconsolidated entities	1,019	0
Net cash used in investing activities	(5,928)	(5,053)
Cash flows from financing activities:
Borrowings on revolving credit facility	53,000	16,000
Repayments on revolving credit facility	(51,000)	(12,000)
Payments on mortgage debt	(1,227)	(1,058)
Payment of financing costs	(931)	0
Payment of offering costs	(255)	(197)
Proceeds from issuance of common shares	10,537	134
Distributions-common shares/units	(15,320)	(12,805)
Net cash used in financing activities	(5,196)	(9,926)
Net change in cash, cash equivalents and restricted cash	2,302	(316)
Cash, cash equivalents and restricted cash, beginning of period	36,499	37,201
Cash, cash equivalents and restricted cash, end of period	38,801	36,885
Supplemental disclosure of cash flow information:
Cash paid for interest	6,195	6,564
Cash paid for income taxes	$ 2	$ 6