Consolidated Statements of Cash Flows - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
Cash flows from operating activities
Net income	$ 28,554	$ 68,191	$ 76,617
Adjustments to reconcile net income to cash flow provided by operating activities:
Loss (gain) on sale of hotel properties, net	1,526	(8,262)	34
Loss on extinguishment of indebtedness, net	47	129	169
Depreciation and amortization	186,356	179,431	179,103
Amortization of deferred financing costs	7,551	6,623	6,100
Non-cash lease expense and other amortization	4,189	5,507	4,960
Equity in loss (income) from unconsolidated joint ventures	100	(459)	(419)
Distributions of income from unconsolidated joint venture	0	400	0
Amortization of share-based compensation	15,340	20,804	24,285
Changes in assets and liabilities:
Hotel and other receivables, net	(4,319)	651	12,365
Prepaid expense and other assets	(849)	4,240	12,648
Accounts payable and other liabilities	(5,166)	1,906	(11,064)
Advance deposits and deferred revenue	10,837	7,897	8,512
Accrued interest	(368)	(1,639)	1,832
Net cash flow provided by operating activities	243,798	285,419	315,142
Cash flows from investing activities
Acquisitions, net	0	(158,749)	0
Proceeds from sales of hotel properties, net	69,042	19,503	0
Purchase deposit	0	0	(2,400)
Improvements and additions to hotel properties and other assets	(126,403)	(136,484)	(132,349)
Net cash flow used in investing activities	(57,361)	(275,730)	(134,749)
Cash flows from financing activities
Repayments of Revolver	(100,000)	(100,000)	0
Borrowings on Term Loans	100,000	500,000	320,000
Repayments of Term Loans	0	(400,000)	(318,662)
Repayments of mortgage loans	(26,250)	(200,000)	0
Repurchase of common shares under share repurchase programs	(28,591)	(21,998)	(75,976)
Repurchase of common shares to satisfy employee tax withholding requirements	(3,556)	(9,014)	(4,398)
Distributions on preferred shares	(25,115)	(25,115)	(25,115)
Distributions on common shares	(91,362)	(69,814)	(49,194)
Distributions on Operating Partnership units	(449)	(340)	(225)
Payments of deferred financing costs	(2,197)	(5,410)	(7,882)
Distribution to consolidated joint venture partner	181	0	0
Borrowings under Revolver	0	200,000	0
Net cash flow used in financing activities	(177,701)	(131,691)	(161,452)
Net change in cash, cash equivalents, and restricted cash reserves	8,736	(122,002)	18,941
Cash, cash equivalents, and restricted cash reserves, beginning of year	433,325	555,327	536,386
Cash, cash equivalents, and restricted cash reserves, end of year	$ (442,061)	$ (433,325)	$ (555,327)