Consolidated Statements of Cash Flows - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
OPERATING ACTIVITIES:
Net income (loss)	$ 1,217	$ (68,584)	$ (149,245)
Adjustments to reconcile net (loss) income to net cash provided by (used in) operating activities:
Depreciation and amortization	150,160	105,955	109,619
Amortization of debt issuance costs	5,708	4,353	2,267
Loss on write-down or impairment of assets	10,420	4,361	1,759
(Recoveries of) provision for credit losses	(1,100)	(2,632)	4,821
Equity-based compensation	8,446	10,681	6,476
Deferred tax asset, net	(59)	(19)	2,056
(Gain) loss on disposal of assets, net	(20,315)	(240)	16
Non-cash interest income	(113)	(1,042)	(2,848)
Debt transaction costs	1,528	220	365
Other	232	412	384
Changes in operating assets and liabilities:
Trade receivables, net	(7,257)	(2,701)	1,286
Prepaid expenses and other	1,845	(1,362)	(997)
Accounts payable	(438)	1,854	(1,422)
Accrued expenses and other	19,341	14,795	(16,589)
NET CASH PROVIDED BY (USED IN) OPERATING ACTIVITIES	169,615	66,051	(42,052)
INVESTING ACTIVITIES:
Acquisitions of real estate property	(286,731)	(59,036)	0
Improvements to lodging properties	(76,469)	(20,356)	(22,632)
Proceeds from asset dispositions, net	73,758	0	0
Contract termination payment for asset disposition	0	0	(2,200)
Funding of real estate loans and related expenses	(2,167)	(10,045)	(9,909)
Proceeds from principal payments on real estate loans	1,096	25,800	4,031
Escrow deposits and deferred acquisition costs	0	(10,607)	0
NET CASH USED IN INVESTING ACTIVITIES	(290,513)	(74,244)	(30,710)
FINANCING ACTIVITIES:
Proceeds from issuance of debt	506,500	331,767	202,500
Principal payments on debt	(506,898)	(351,932)	(123,748)
Proceeds from the sale of non-controlling interests	674	0	0
Proceeds from equity offerings, net of issuance costs	0	96,617	0
Redemption of preferred stock	0	(75,000)	0
Purchases of capped call options	0	(21,131)	0
Common dividends paid	(10,048)	0	(18,832)
Preferred dividends and distributions paid	(18,341)	(15,521)	(14,926)
Proceeds from contributions by non-controlling interests in joint venture	204,125	115,546	622
Distributions to joint venture partner	(80,353)	0	(490)
Financing fees, debt transactions costs and other issuance costs	(7,441)	(11,411)	(2,832)
Repurchase of common stock for tax withholding requirements	(2,456)	(2,694)	(469)
NET CASH PROVIDED BY FINANCING ACTIVITIES	85,762	66,241	41,825
Net change in cash, cash equivalents and restricted cash	(35,136)	58,048	(30,937)
CASH, CASH EQUIVALENTS AND RESTRICTED CASH
Beginning of period	96,944	38,896	69,833
End of period	61,808	96,944	38,896
RECONCILIATION OF CASH, CASH EQUIVALENTS AND RESTRICTED CASH WITHIN THE CONSOLIDATED BALANCE SHEET TO THE AMOUNTS SHOWN IN THE STATEMENT OF CASH FLOWS ABOVE:
Cash and cash equivalents	51,255	64,485	20,719
Restricted cash	10,553	32,459	18,177
TOTAL CASH, CASH EQUIVALENTS AND RESTRICTED CASH	$ 61,808	$ 96,944	$ 38,896