Condensed Consolidated Statements of Cash Flows - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
OPERATING ACTIVITIES
Net loss	$ (8,973)	$ (32,871)
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	36,274	27,297
Deferred finance cost amortization	1,412	1,011
Equity-based compensation	3,698	1,569
Gain on disposal of assets	0	(50)
Non-cash interest income	(122)	(257)
Debt transaction costs	0	116
Other	69	143
Changes in operating assets and liabilities:
Trade receivables, net	(13,726)	(2,940)
Prepaid expenses and other	(9,054)	1,180
Accounts payable	900	1,082
Accrued expenses	15,027	553
NET CASH PROVIDED BY (USED IN) OPERATING ACTIVITIES	25,505	(3,167)
INVESTING ACTIVITIES
Acquisitions of hotel and other properties	(272,556)	0
Improvements and additions to hotel properties	(10,347)	(3,579)
Funding of real estate loans	(1,915)	(2,664)
NET CASH USED IN INVESTING ACTIVITIES	(284,818)	(6,243)
FINANCING ACTIVITIES
Proceeds from issuance of debt	410,000	317,500
Principal payments on debt	(329,882)	(264,485)
Proceeds from the sale of non-controlling interests	674	0
Purchases of capped calls for convertible senior notes	0	(21,131)
Financing fees on debt and other issuance costs	(2,588)	(8,671)
Dividends paid	(4,305)	(3,709)
Proceeds from contributions by joint venture partner	203,703	0
Repurchase of common shares for withholding requirements	0	(1,602)
NET CASH PROVIDED BY FINANCING ACTIVITIES	277,602	17,902
Net change in cash, cash equivalents and restricted cash	18,289	8,492
CASH, CASH EQUIVALENTS AND RESTRICTED CASH
Beginning of period	96,944	38,896
End of period	115,233	47,388
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION
Cash payments for interest	(11,213)	(8,890)
Accrued acquisitions and improvements to hotel properties	(3,749)	(1,184)
Cash payments for income taxes, net of refunds	60	(39)
Debt assumed to complete acquisition of a portfolio of properties	335,205	0
Assumption of leases and other assets and liabilities in connection with the acquisition of a portfolio of properties	9,206	0
Non-controlling interests in operating partnership issued to complete acquisition of a portfolio of properties	157,513	0
Redeemable non-controlling interests in operating partnership issued to complete acquisition of a portfolio of properties	$ 50,000	$ 0