CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2021	Sep. 30, 2020
Cash flows from operating activities:
Net loss	$ (345,814)	$ (173,641)
Adjustments to reconcile net loss to cash (used in) provided by operating activities:
Depreciation and amortization	370,208	377,557
Net amortization of debt issuance costs, discounts and premiums as interest	15,123	10,651
Straight-line rental income	3,087	298
Security deposits utilized	0	(109,162)
Loss on early extinguishment of debt	0	6,970
Loss on asset impairment	2,110	55,502
Unrealized gain on equity securities, net	(20,367)	(4,409)
Equity in (earnings) losses of an investee	(50)	4,305
(Gain) loss on sale of real estate	(10,934)	9,655
Gain on insurance settlement	0	(62,386)
Deferred income taxes	0	15,650
Other non-cash income, net	(1,720)	(2,324)
Changes in assets and liabilities:
Due from related persons	(919)	171
Other assets	16,396	(45,844)
Accounts payable and other liabilities	(9,635)	(15,585)
Due to related persons	(16,483)	(1,884)
Net cash provided by operating activities	1,002	65,524
Cash flows from investing activities:
Real estate acquisitions and deposits	(7,649)	(7,090)
Real estate improvements	(64,340)	(54,603)
Hotel managers’ purchases with restricted cash	(23,692)	(127,837)
Hotel manager’s deposit of insurance proceeds into restricted cash	0	34,238
Net proceeds from sale of real estate	33,772	67,811
Distributions in excess of earnings from Affiliates Insurance Company	0	286
Net cash used in investing activities	(87,352)	(99,520)
Cash flows from financing activities:
Proceeds from issuance of senior unsecured notes, after discounts and premiums	0	800,000
Repurchase of senior unsecured notes	0	(355,971)
Borrowings under revolving credit facility	984,027	709,000
Repayments of revolving credit facility	(62,451)	(1,005,914)
Deferred financing costs	(6,762)	(15,900)
Repurchase of common shares	(787)	(346)
Distributions to common shareholders	(4,944)	(92,155)
Net cash provided by financing activities	909,083	38,714
Increase in cash and cash equivalents and restricted cash	822,733	4,718
Cash and cash equivalents and restricted cash at beginning of period	91,456	81,259
Cash and cash equivalents and restricted cash at end of period	914,189	85,977
Sonesta
Cash flows from investing activities:
Investment	(25,443)	(5,314)
Travel Centers of America
Cash flows from investing activities:
Investment	$ 0	$ (7,011)