Consolidated Statement of Cash Flows - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Cash Flows — Operating Activities
Net Income (Loss)	$ 949	$ (349)	$ (4,494)
Adjustments to net income (loss):
Depreciation	47,611	46,137	43,729
Asset management fees to affiliates settled in shares	10,734	10,400	8,670
Equity in losses of equity method investments in real estate, net	5,209	5,819	1,482
Amortization of deferred financing costs, deferred key money and other	1,149	1,297	830
Business interruption income	(809)	(934)	0
Amortization of stock-based compensation	566	486	436
(Gain) loss on hurricane-related property damage	(10)	682	2,699
Loss on extinguishment of debt	5	380	254
Net changes in other assets and liabilities	(5,341)	2,436	1,360
Business interruption insurance proceeds	1,690	53	0
Distributions of earnings from equity method investments	1,342	2,305	1,310
Receipt of key money and other deferred incentive payments	305	0	2,688
Increase (decrease) in due to related parties and affiliates	102	407	(7,786)
Funding of hurricane-related remediation work	0	(163)	(1,458)
Net Cash Provided by Operating Activities	63,502	68,956	49,720
Cash Flows — Investing Activities
Capital expenditures	(10,607)	(16,915)	(17,049)
Distributions from equity investments in excess of cumulative equity income	7,418	5,619	0
Capital contributions to equity investments in real estate	(5,745)	(486)	(2,433)
Payment of Watermark commitment fee	(2,050)	0	0
Acquisitions of hotels	0	0	(168,884)
Purchase of equity interest	0	0	(96,288)
Deposits released for hotel investments	0	0	1,521
Hurricane-related property insurance proceeds	0	0	7
Net Cash Used in Investing Activities	(10,984)	(11,782)	(283,126)
Cash Flows — Financing Activities
Proceeds from mortgage financing	90,000	49,000	301,900
Scheduled payments and prepayments of mortgage principal	(83,299)	(47,502)	(42,000)
Distributions paid	(45,345)	(44,004)	(36,446)
Net proceeds from issuance of shares	20,531	20,670	237,650
Distributions to noncontrolling interests	(13,478)	(9,157)	(8,372)
Repurchase of shares	(11,148)	(19,327)	(6,809)
Deferred financing costs	(1,521)	(809)	(2,090)
Purchase of membership interest from noncontrolling interest	(297)	0	(3,524)
Withholding on restricted stock units	(108)	(99)	(81)
Purchase of interest rate cap	(15)	(118)	(16)
Repayment of notes payable to affiliate	0	0	(210,000)
Deposits released for mortgage financing	0	0	2,235
Deposits for mortgage financing	0	0	(725)
Net Cash (Used in) Provided by Financing Activities	(44,680)	(51,346)	231,722
Net increase (decrease) in cash and cash equivalents and restricted cash	7,838	5,828	(1,684)
Change in Cash and Cash Equivalents and Restricted Cash During the Year
Cash and cash equivalents and restricted cash, beginning of year	103,937	98,109	99,793
Cash and cash equivalents and restricted cash, end of year	$ 111,775	$ 103,937	$ 98,109