Consolidated Statements of Cash Flows - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Cash flows from operating activities:
Net (loss) income	$ (28,111)	$ 1,628
Adjustments to reconcile net income to net cash (used in) operating activities:
Depreciation	13,000	12,710
Amortization of deferred franchise fees	61	62
Amortization of deferred financing fees included in interest expense	227	231
Impairment loss on investment in unconsolidated real estate entities	15,282	0
Share based compensation	1,206	1,059
Accelerated share based compensation for employee severance	287	0
Loss (gain) from unconsolidated real estate entities	3,673	1,123
Changes in assets and liabilities:
Right of use asset	155	155
Hotel receivables	1,829	(723)
Deferred costs	(16)	0
Prepaid expenses and other assets	(3,407)	(3,082)
Accounts payable and accrued expenses	(6,932)	240
Lease liability	(114)	(92)
Net cash (used in) provided by operating activities	(2,860)	13,311
Cash flows from investing activities:
Improvements and additions to hotel properties	(6,110)	(11,741)
Investment in hotel properties under development	(6,197)	0
Net cash used in investing activities	(12,307)	(11,741)
Cash flows from financing activities:
Borrowings on revolving credit facility	86,000	25,500
Repayments on revolving credit facility	(3,000)	(10,000)
Payments on mortgage debt	(2,297)	(1,308)
Payment of financing costs	0	(48)
Payment of offering costs	(2)	(26)
Proceeds from issuance of common shares	92	119
Distributions-common shares/units	(16,237)	(15,603)
Net cash provided by (used in) financing activities	64,556	(1,366)
Net change in cash, cash equivalents and restricted cash	49,389	204
Cash, cash equivalents and restricted cash, beginning of period	20,182	32,337
Cash, cash equivalents and restricted cash, end of period	69,571	32,541
Supplemental disclosure of cash flow information:
Cash paid for interest	6,835	6,789
Capitalized interest	277	0
Cash paid for income taxes	$ 4	$ 8