Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023
OPERATING ACTIVITIES
Net income (loss)	$ 37,975	$ (6,849)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:
Depreciation and amortization	109,965	112,300
Amortization of debt issuance costs	4,880	4,379
Recovery of credit losses	0	(500)
Equity-based compensation	6,337	5,913
(Gain) loss on disposal of assets, net	(28,439)	336
Gain on extinguishment of debt	(3,000)	0
Non-cash interest income	(400)	(433)
Debt transaction costs	647	352
Other	210	623
Changes in operating assets and liabilities:
Trade receivables, net	625	(3,195)
Prepaid expenses and other	(4,853)	6,645
Accounts payable	798	1,005
Accrued expenses and other	9,393	2,591
NET CASH PROVIDED BY OPERATING ACTIVITIES	134,138	123,167
INVESTING ACTIVITIES
Acquisitions of lodging properties	0	(44,614)
Improvements to lodging properties	(61,529)	(63,027)
Investment in lodging property under development	(3,946)	0
Proceeds from tax incentive	9,896	0
Proceeds from asset dispositions, net	92,168	27,632
Escrow deposits	(2,900)	0
Funding of real estate loans	0	(4,576)
Repayments of real estate loans	0	250
NET CASH PROVIDED BY (USED IN) INVESTING ACTIVITIES	33,689	(84,335)
FINANCING ACTIVITIES
Proceeds from borrowings on revolving line of credit	100,000	65,000
Repayments of revolving line of credit	(100,000)	(65,000)
Principal payments on debt	(94,138)	(1,784)
Proceeds from the sale of non-controlling interests	0	1,353
Dividends and distributions paid on common stock and common units	(27,024)	(19,596)
Preferred dividends and distributions paid	(14,026)	(14,037)
Contributions by non-controlling interests in joint venture	356	20,332
Distributions to joint venture partners	(17,825)	(8,673)
Financing fees, debt transaction costs and other issuance costs	(2,962)	(10,272)
Repurchase of shares of common stock for withholding requirements	(939)	(1,388)
NET CASH USED IN FINANCING ACTIVITIES	(156,558)	(34,065)
Net change in cash, cash equivalents and restricted cash	11,269	4,767
CASH, CASH EQUIVALENTS AND RESTRICTED CASH
Beginning of period	47,768	61,808
End of period	59,037	66,575
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	51,698	55,307
Restricted cash	7,339	11,268
TOTAL CASH, CASH EQUIVALENTS AND RESTRICTED CASH	$ 59,037	$ 66,575