Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
OPERATING ACTIVITIES
Net income (loss)	$ 41,531	$ (1,080)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:
Depreciation and amortization	73,257	74,418
Amortization of debt issuance costs	3,240	2,785
Recovery of credit losses	0	(250)
Equity-based compensation	4,483	4,046
(Gain) loss on disposal of assets, net	(28,417)	320
Gain on extinguishment of debt	(3,000)	0
Non-cash interest income	(266)	(288)
Debt transaction costs	581	328
Other	6	513
Changes in operating assets and liabilities:
Trade receivables, net	(6,619)	(1,097)
Prepaid expenses and other	(5,255)	3,855
Accounts payable	(63)	(150)
Accrued expenses and other	(1,003)	(4,346)
NET CASH PROVIDED BY OPERATING ACTIVITIES	78,475	79,054
INVESTING ACTIVITIES
Acquisitions of lodging properties	0	(42,813)
Improvements to lodging properties	(39,007)	(42,889)
Investment in lodging property under development	(2,503)	0
Proceeds from asset dispositions, net	92,168	27,632
Funding of real estate loans	0	(2,917)
Repayments of real estate loans	0	257
NET CASH PROVIDED BY (USED IN) INVESTING ACTIVITIES	50,658	(60,730)
FINANCING ACTIVITIES
Proceeds from borrowings on revolving line of credit	90,000	55,000
Repayments of revolving line of credit	(80,000)	(50,000)
Principal payments on debt	(93,497)	(1,187)
Proceeds from the sale of non-controlling interests	0	1,353
Dividends and distributions paid on common stock and common units	(17,181)	(12,247)
Preferred dividends and distributions paid	(9,402)	(9,413)
Contributions by non-controlling interests in joint venture	221	20,332
Distributions to joint venture partners	(10,963)	(4,155)
Financing fees, debt transaction costs and other issuance costs	(2,501)	(8,036)
Repurchase of shares of common stock for withholding requirements	(939)	(1,370)
NET CASH USED IN FINANCING ACTIVITIES	(124,262)	(9,723)
Net change in cash, cash equivalents and restricted cash	4,871	8,601
CASH, CASH EQUIVALENTS AND RESTRICTED CASH
Beginning of period	47,768	61,808
End of period	52,639	70,409
RECONCILIATION OF CASH, CASH EQUIVALENTS AND RESTRICTED CASH WITHIN THE CONDENSED CONSOLIDATED BALANCE SHEET TO THE AMOUNTS SHOWN IN THE STATEMENT OF CASH FLOWS ABOVE:
Cash and cash equivalents	45,873	58,456
Restricted cash	6,766	11,953
TOTAL CASH, CASH EQUIVALENTS AND RESTRICTED CASH	$ 52,639	$ 70,409