Condensed Consolidated Statements of Cash Flows - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021
OPERATING ACTIVITIES
Net income (loss)	$ 14,340	$ (53,440)
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	74,332	53,883
Deferred finance cost amortization	2,825	2,124
Recoveries of credit losses	(250)	0
Equity-based compensation	5,840	3,969
Gain on disposal of assets	(20,484)	(81)
Non-cash interest income	(113)	(517)
Debt transaction costs	0	143
Other	42	234
Changes in operating assets and liabilities:
Trade receivables, net	(7,261)	(3,002)
Prepaid expenses and other	(7,882)	1,893
Accounts payable	(175)	720
Accrued expenses	25,689	8,904
Net Cash Provided by (Used in) Operating Activities, Total	86,903	14,830
INVESTING ACTIVITIES
Acquisitions of hotel and other properties	(281,074)	0
Improvements and additions to hotel properties	(25,281)	(6,495)
Amounts drawn under note funding obligation	0	0
Proceeds from asset dispositions, net of closing costs	73,758	0
Escrow deposits for acquisitions	0	(825)
Funding of real estate loans	(2,167)	(5,222)
NET CASH USED IN INVESTING ACTIVITIES	(234,764)	(12,542)
FINANCING ACTIVITIES
Proceeds from issuance of debt	466,500	318,500
Principal payments on debt	(392,939)	(327,945)
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	(2,935)	(9,044)
Dividends paid	(9,308)	(7,463)
Contributions by joint venture partner to acquire a portfolio of hotels	204,073	85,673
Distributions to joint venture partner	(66,633)	0
Repurchase of common shares for withholding requirements	(2,455)	(1,602)
NET CASH PROVIDED BY FINANCING ACTIVITIES	196,977	36,988
Net change in cash, cash equivalents and restricted cash	49,116	39,276
CASH, CASH EQUIVALENTS AND RESTRICTED CASH
Beginning of period	96,944	38,896
End of period	$ 146,060	$ 78,172