Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022
OPERATING ACTIVITIES
Net (loss) income	$ (1,080)	$ 14,340
Adjustments to reconcile net loss to net cash provided by operating activities:
Depreciation and amortization	74,418	74,332
Amortization of debt issuance costs	2,785	2,825
Recoveries of credit losses	(250)	(250)
Equity-based compensation	4,046	5,840
Loss (gain) on disposal of assets, net	320	(20,484)
Non-cash interest income	(288)	(113)
Transaction costs	328	0
Other	513	42
Changes in operating assets and liabilities:
Trade receivables, net	(1,097)	(7,261)
Prepaid expenses and other	3,855	(7,882)
Accounts payable	(150)	(175)
Accrued expenses and other	(4,346)	25,689
NET CASH PROVIDED BY OPERATING ACTIVITIES	79,054	86,903
INVESTING ACTIVITIES
Acquisitions of lodging properties	(42,813)	(281,074)
Improvements to lodging properties	(42,889)	(25,281)
Proceeds from asset dispositions, net	27,632	73,758
Funding of real estate loans	(2,917)	(2,167)
Repayments of real estate loans	257	0
NET CASH USED IN INVESTING ACTIVITIES	(60,730)	(234,764)
FINANCING ACTIVITIES
Proceeds from borrowing on revolving line of credit	55,000	466,500
Repayments of line of credit borrowings	(50,000)	0
Principal payments on debt	(1,187)	(392,939)
Proceeds from the sale of non-controlling interests	1,353	674
Financing fees, debt transactions costs and other issuance costs	(8,036)	(2,935)
Common dividends and distributions paid	(12,247)	0
Preferred dividends and distributions paid	(9,413)	(9,308)
Proceeds from contributions by non-controlling interests in joint venture	20,332	204,073
Distributions to joint venture partners	(4,155)	(66,633)
Repurchase of shares of common stock for withholding requirements	(1,370)	(2,455)
NET CASH (USED IN) PROVIDED BY FINANCING ACTIVITIES	(9,723)	196,977
Net change in cash, cash equivalents and restricted cash	8,601	49,116
CASH, CASH EQUIVALENTS AND RESTRICTED CASH
Beginning of period	61,808	96,944
End of period	70,409	146,060
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	58,456	109,999
Restricted cash	11,953	36,061
TOTAL CASH, CASH EQUIVALENTS AND RESTRICTED CASH	$ 70,409	$ 146,060