Condensed Consolidated Statements of Cash Flows - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021
OPERATING ACTIVITIES
Net income (loss)	$ 13,299	$ (57,679)
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	112,462	79,776
Deferred finance cost amortization	4,238	3,239
Loss on impairment of assets	0	4,361
Recoveries of credit losses	(1,100)	(2,632)
Equity-based compensation	7,070	5,861
Gain on disposal of assets	(20,479)	(81)
Non-cash interest income	(113)	(779)
Debt transaction costs	1,166	160
Other	303	326
Changes in operating assets and liabilities:
Trade receivables, net	(9,755)	(2,434)
Prepaid expenses and other	(4,828)	3,130
Accounts payable	(244)	2,051
Accrued expenses	33,662	14,990
NET CASH PROVIDED BY OPERATING ACTIVITIES	135,681	50,289
INVESTING ACTIVITIES
Acquisitions of hotel and other properties	(281,074)	(33,170)
Improvements and additions to hotel properties	(48,772)	(10,659)
Proceeds from asset dispositions, net of closing costs	73,758	0
Escrow deposits for acquisitions	0	(635)
Funding of real estate loans	(2,167)	(7,416)
Repayments of real estate loans	850	0
NET CASH USED IN INVESTING ACTIVITIES	(257,405)	(51,880)
FINANCING ACTIVITIES
Proceeds from issuance of debt	486,500	318,500
Principal payments on debt	(468,874)	(350,916)
Proceeds from the sale of non-controlling interests	674	0
Purchases of capped calls for convertible senior notes	0	(21,131)
Redemption of preferred shares	0	(75,000)
Proceeds from equity offerings, net of issuance costs	0	96,617
Financing fees on debt and other issuance costs	(7,203)	(9,062)
Common dividends paid	(5,174)	0
Preferred dividends	(13,632)	(11,213)
Contributions by joint venture partner to acquire a portfolio of hotels	204,092	101,673
Distributions to joint venture partner	(77,903)	0
Repurchase of common shares for withholding requirements	(2,455)	(1,602)
NET CASH PROVIDED BY FINANCING ACTIVITIES	116,025	47,866
Net change in cash, cash equivalents and restricted cash	(5,699)	46,275
CASH, CASH EQUIVALENTS AND RESTRICTED CASH
Beginning of period	96,944	38,896
End of period	$ 91,245	$ 85,171