CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019
Cash flows from operating activities:
Net income (loss)	$ (173,641)	$ 274,643
Adjustments to reconcile net income (loss) to cash provided by operating activities:
Depreciation and amortization	377,557	301,721
Amortization of debt issuance costs and debt discounts and premiums as interest	10,651	7,829
Straight-line rental income	298	7,368
Security deposits utilized	(109,162)	(10,052)
Loss on early extinguishment of debt	6,970	8,451
Loss on asset impairment	55,502	0
Unrealized (gains) and losses on equity securities, net	(4,409)	43,761
Equity in (earnings) losses of an investee	4,305	(617)
(Gain) loss on sale of real estate	9,655	(159,535)
Gain on insurance settlement	(62,386)	0
Deferred income taxes	15,650	0
Other non-cash (income) expense, net	(2,324)	109
Changes in assets and liabilities:
Due from related persons	171	3,609
Other assets	(45,844)	(6,352)
Accounts payable and other liabilities	(15,585)	12,743
Due to related persons	(1,884)	(51,148)
Net cash provided by operating activities	65,524	432,530
Cash flows from investing activities:
Real estate acquisitions and deposits	(7,090)	(2,659,186)
Real estate improvements	(54,603)	(71,024)
Hotel managers’ purchases with restricted cash	(127,837)	(143,692)
Hotel manager’s deposit of insurance proceeds into restricted cash	34,238	14,325
Net proceeds from sale of real estate	67,811	308,200
Distributions in excess of earnings from Affiliates Insurance Company	286	0
Net proceeds from sale of equity securities	0	93,892
Net cash used in investing activities	(99,520)	(2,457,485)
Cash flows from financing activities:
Proceeds from issuance of senior unsecured notes, after discounts and premiums	800,000	1,693,879
Repurchase of senior unsecured notes	(355,971)	0
Borrowings under unsecured revolving credit facility	709,000	997,000
Repayments of unsecured revolving credit facility	(1,005,914)	(384,000)
Deferred financing costs	(15,900)	(21,869)
Repurchase of common shares	(346)	(794)
Distributions to common shareholders	(92,155)	(264,755)
Net cash provided by financing activities	38,714	2,019,461
Increase (decrease) in cash and cash equivalents and restricted cash	4,718	(5,494)
Cash and cash equivalents and restricted cash at beginning of period	81,259	76,003
Cash and cash equivalents and restricted cash at end of period	85,977	70,509
Sonesta
Cash flows from investing activities:
Investments	(5,314)	0
Travel Centers of America
Cash flows from investing activities:
Investments	$ (7,011)	$ 0