Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
OPERATING ACTIVITIES
Net income	$ 12,900	$ 9,691
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	25,536	25,246
Amortization of deferred financing costs	381	494
Equity-based compensation	1,352	2,227
(Gain) loss on disposal of assets, net	(4,166)	43
Other	355	(227)
Changes in operating assets and liabilities:
Trade receivables, net	(9,645)	(3,953)
Prepaid expenses and other	746	499
Accounts payable	(510)	(448)
Accrued expenses and other	3,291	4,174
NET CASH PROVIDED BY OPERATING ACTIVITIES	30,240	37,746
INVESTING ACTIVITIES
Acquisitions of hotel properties	(4,178)	0
Investment in hotel properties under development	0	(4,474)
Improvements to hotel properties	(17,248)	(12,958)
Proceeds from asset dispositions, net	11,310	0
Funding of real estate loans	(500)	(5,334)
Proceeds from collection of real estate loans	300	0
NET CASH USED IN INVESTING ACTIVITIES	(10,316)	(22,766)
FINANCING ACTIVITIES
Proceeds from issuance of debt	45,000	270,000
Principal payments on debt	(42,326)	(162,034)
Redemption of preferred stock	0	(85,000)
Dividends paid	(22,668)	(24,782)
Financing fees on debt and other issuance costs	(713)	(1,529)
Repurchase of common shares for withholding requirements	(834)	(2,724)
NET CASH USED IN FINANCING ACTIVITIES	(21,541)	(6,069)
Net change in cash, cash equivalents and restricted cash	(1,617)	8,911
CASH, CASH EQUIVALENTS AND RESTRICTED CASH
Beginning of period	72,556	66,007
End of period	70,939	74,918
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION
Cash payments for interest	11,879	8,422
Accrued acquisition costs and improvements to hotel properties	5,306	5,423
Capitalized interest	0	187
Net cash (refunds) payments for income taxes	$ (1,049)	$ 212