Apple Hospitality REIT (APLE) 10-Q 4 Nov 21 2021 Q3 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - shares	9 Months Ended
	Sep. 30, 2021	Nov. 01, 2021
Cover [Abstract]
Entity Registrant Name	APPLE HOSPITALITY REIT, INC.
Trading Symbol	APLE
Document Type	10-Q
Current Fiscal Year End Date	--12-31
Entity Common Stock, Shares Outstanding		228,354,214
Amendment Flag	false
Entity Central Index Key	0001418121
Entity Current Reporting Status	Yes
Entity Filer Category	Large Accelerated Filer
Document Period End Date	Sep. 30, 2021
Document Fiscal Year Focus	2021
Document Fiscal Period Focus	Q3
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Document Quarterly Report	true
Document Transition Report	false
Entity File Number	001-37389
Entity Incorporation, State or Country Code	VA
Entity Tax Identification Number	26-1379210
Entity Address, Address Line One	814 East Main Street
Entity Address, City or Town	Richmond
Entity Address, State or Province	VA
Entity Address, Postal Zip Code	23219
City Area Code	804
Local Phone Number	344-8121
Title of 12(b) Security	Common Shares, no par value
Security Exchange Name	NYSE
Entity Interactive Data Current	Yes

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Thousands	Sep. 30, 2021	Dec. 31, 2020
Assets
Investment in real estate, net of accumulated depreciation and amortization of $1,266,122 and $1,235,698, respectively	$ 4,541,424	$ 4,732,896
Assets held for sale	0	5,316
Cash and cash equivalents	39,432	5,556
Restricted cash-furniture, fixtures and other escrows	34,446	28,812
Due from third party managers, net	52,322	22,137
Other assets, net	37,203	35,042
Total Assets	4,704,827	4,829,759
Liabilities
Debt, net	1,366,621	1,482,571
Finance lease liabilities	111,706	219,981
Accounts payable and other liabilities	98,386	97,860
Total Liabilities	1,576,713	1,800,412
Shareholders' Equity
Preferred stock, authorized 30,000,000 shares; none issued and outstanding	0	0
Common stock, no par value, authorized 800,000,000 shares; issued and outstanding 228,354,214 and 223,212,346 shares, respectively	4,570,217	4,488,419
Accumulated other comprehensive loss	(24,650)	(42,802)
Distributions greater than net income	(1,417,453)	(1,416,270)
Total Shareholders' Equity	3,128,114	3,029,347
Total Liabilities and Shareholders' Equity	$ 4,704,827	$ 4,829,759

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parentheticals) - USD ($) $ in Thousands	Sep. 30, 2021	Dec. 31, 2020
Statement Of Financial Position [Abstract]
Investment in real estate accumulated depreciation (in Dollars)	$ 1,266,122	$ 1,235,698
Preferred stock, shares authorized	30,000,000	30,000,000
Preferred stock, shares issued	0	0
Preferred stock, shares outstanding	0	0
Common stock, shares authorized	800,000,000	800,000,000
Common stock, shares issued	228,354,214	223,212,346
Common stock, shares outstanding	228,354,214	223,212,346

Consolidated Statements of Oper

Consolidated Statements of Operations and Comprehensive Income (Loss) - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2021	Sep. 30, 2020	Sep. 30, 2021	Sep. 30, 2020
Revenues:
Total revenue	$ 277,164	$ 148,826	$ 683,281	$ 467,914
Expenses:
Total hotel operating expense	153,953	93,762	393,103	310,845
Property taxes, insurance and other	17,927	20,523	54,936	58,820
General and administrative	13,261	6,726	29,815	22,274
Loss on impairment of depreciable real estate assets	0	0	10,754	4,382
Depreciation and amortization	44,217	50,171	139,313	149,590
Total expense	229,358	171,182	627,921	545,911
Gain on sale of real estate	44	0	3,664	8,785
Operating income (loss)	47,850	(22,356)	59,024	(69,212)
Interest and other expense, net	(15,977)	(18,531)	(53,108)	(52,483)
Income (loss) before income taxes	31,873	(40,887)	5,916	(121,695)
Income tax expense	(114)	(61)	(309)	(265)
Net income (loss)	31,759	(40,948)	5,607	(121,960)
Other comprehensive income (loss):
Interest rate derivatives	3,426	2,739	18,152	(43,622)
Comprehensive income (loss)	$ 35,185	$ (38,209)	$ 23,759	$ (165,582)
Basic and diluted net income (loss) per common share	$ 0.14	$ (0.18)	$ 0.02	$ (0.55)
Weighted average common shares outstanding - basic and diluted (in Shares)	228,436	223,293	225,664	223,620
Room [Member]
Revenues:
Total revenue	$ 260,415	$ 140,116	$ 640,062	$ 434,923
Food and Beverage [Member]
Revenues:
Total revenue	6,315	2,235	14,186	14,386
Other [Member]
Revenues:
Total revenue	10,434	6,475	29,033	18,605
Direct Operating [Member]
Expenses:
Total hotel operating expense	61,954	33,124	153,290	120,860
Hotel Administrative [Member]
Expenses:
Total hotel operating expense	23,126	16,625	62,408	54,079
Sales and Marketing [Member]
Expenses:
Total hotel operating expense	23,015	13,728	58,283	47,517
Utilities [Member]
Expenses:
Total hotel operating expense	11,410	9,967	31,322	25,465
Repair and Maintenance [Member]
Expenses:
Total hotel operating expense	12,600	8,842	34,711	26,983
Royalty [Member]
Expenses:
Total hotel operating expense	12,274	6,603	30,058	20,516
Management Service [Member]
Expenses:
Total hotel operating expense	$ 9,574	$ 4,873	$ 23,031	$ 15,425

Consolidated Statements of Shar

Consolidated Statements of Shareholders' Equity - USD ($) shares in Thousands, $ in Thousands	Total	Common Stock [Member]	Accumulated Other Comprehensive Income (Loss) [Member]	Distributions Greater Than Net Income [Member]
Balance at Dec. 31, 2019	$ 3,291,013	$ 4,493,763	$ (4,698)	$ (1,198,052)
Balance (in Shares) at Dec. 31, 2019		223,863
Share based compensation, net	9,198	$ 9,198
Share based compensation, net (in Shares)		889
Issuance of common shares, net	(337)	$ (337)
Common shares repurchased	$ (14,336)	$ (14,336)
Common shares repurchased (in Shares)	(1,500)	(1,521)
Interest rate derivatives	$ (43,622)		(43,622)
Net income (loss)	(121,960)			(121,960)
Distributions declared to shareholders	(44,952)			(44,952)
Balance at Sep. 30, 2020	3,075,004	$ 4,488,288	(48,320)	(1,364,964)
Balance (in Shares) at Sep. 30, 2020		223,231
Balance at Jun. 30, 2020	3,112,959	$ 4,488,034	(51,059)	(1,324,016)
Balance (in Shares) at Jun. 30, 2020		223,224
Share based compensation, net	591	$ 591
Share based compensation, net (in Shares)		7
Issuance of common shares, net	(337)	$ (337)
Interest rate derivatives	2,739		2,739
Net income (loss)	(40,948)			(40,948)
Balance at Sep. 30, 2020	3,075,004	$ 4,488,288	(48,320)	(1,364,964)
Balance (in Shares) at Sep. 30, 2020		223,231
Balance at Dec. 31, 2020	3,029,347	$ 4,488,419	(42,802)	(1,416,270)
Balance (in Shares) at Dec. 31, 2020		223,212
Share based compensation, net	6,762	$ 6,762
Share based compensation, net (in Shares)		465
Issuance of common shares, net	75,036	$ 75,036
Issuance of common shares, net (in Shares)		4,677
Interest rate derivatives	18,152		18,152
Net income (loss)	5,607			5,607
Distributions declared to shareholders	(6,790)			(6,790)
Balance at Sep. 30, 2021	3,128,114	$ 4,570,217	(24,650)	(1,417,453)
Balance (in Shares) at Sep. 30, 2021		228,354
Balance at Jun. 30, 2021	3,094,323	$ 4,569,332	(28,076)	(1,446,933)
Balance (in Shares) at Jun. 30, 2021		228,341
Share based compensation, net	915	$ 915
Share based compensation, net (in Shares)		13
Issuance of common shares, net	(30)	$ (30)
Interest rate derivatives	3,426		3,426
Net income (loss)	31,759			31,759
Distributions declared to shareholders	(2,279)			(2,279)
Balance at Sep. 30, 2021	$ 3,128,114	$ 4,570,217	$ (24,650)	$ (1,417,453)
Balance (in Shares) at Sep. 30, 2021		228,354

Consolidated Statements of Sh_2

Consolidated Statements of Shareholders' Equity (Parentheticals) - $ / shares	3 Months Ended	9 Months Ended
	Sep. 30, 2021	Sep. 30, 2021	Sep. 30, 2020
Statement Of Stockholders Equity [Abstract]
Distributions declared to shareholders	$ 0.01	$ 0.03	$ 0.20

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($) $ in Thousands	3 Months Ended		9 Months Ended		12 Months Ended
	Sep. 30, 2021	Sep. 30, 2020	Sep. 30, 2021	Sep. 30, 2020	Dec. 31, 2020
Cash flows from operating activities:
Net income (loss)	$ 31,759	$ (40,948)	$ 5,607	$ (121,960)
Adjustments to reconcile net loss to cash provided by operating activities:
Depreciation and amortization	44,217	50,171	139,313	149,590
Loss on impairment of depreciable real estate assets	0	0	10,754	4,382
Gain on sale of real estate	(44)	0	(3,664)	(8,785)
Other non-cash expenses, net			8,208	6,055
Changes in operating assets and liabilities:
Increase in due from third party managers, net			(30,383)	(3,037)
Increase in other assets, net			(755)	(1,627)
Increase in accounts payable and other liabilities			17,282	1,581
Net cash provided by operating activities			146,362	26,199
Cash flows from investing activities:
Acquisition of hotel properties, net			(197,228)	(88,687)
Refunds (payments) for potential acquisitions, net			(2,645)	585
Capital improvements			(9,138)	(44,383)
Net proceeds from sale of real estate			231,008	44,385
Net cash provided by (used in) investing activities			21,997	(88,100)
Cash flows from financing activities:
Net proceeds related to issuance of common shares			75,036	(247)
Repurchases of common shares				(14,336)
Repurchases of common shares to satisfy employee withholding requirements			(1,650)	(1,748)
Distributions paid to common shareholders			(4,510)	(67,324)
Net proceeds from (payments on) revolving credit facility			(105,800)	78,800
Proceeds from term loans and senior notes				50,000
Proceeds from mortgage debt and other loans				81,520
Payments of mortgage debt and other loans			(66,349)	(41,523)
Payments of finance lease settlement			(24,000)
Financing costs			(1,576)	(2,283)
Net cash provided by (used in) financing activities			(128,849)	82,859
Net change in cash, cash equivalents and restricted cash			39,510	20,958
Cash, cash equivalents and restricted cash, beginning of period			34,368	34,661	$ 34,661
Cash, cash equivalents and restricted cash, end of period	73,878	55,619	73,878	55,619	34,368
Supplemental cash flow information:
Interest paid			49,735	46,737
Supplemental disclosure of noncash investing and financing activities:
Notes payable originated from acquisitions			56,000	20,551
Accrued distribution to common shareholders	2,279		2,279
Reconciliation of cash, cash equivalents and restricted cash:
Cash and cash equivalents, beginning of period			5,556
Restricted cash-furniture, fixtures and other escrows, beginning of period			28,812	34,661	34,661
Cash, cash equivalents and restricted cash, beginning of period			34,368	34,661	34,661
Cash and cash equivalents, end of period	39,432	27,435	39,432	27,435	5,556
Restricted cash-furniture, fixtures and other escrows, end of period	34,446	28,184	34,446	28,184	28,812
Cash, cash equivalents and restricted cash, end of period	$ 73,878	$ 55,619	$ 73,878	$ 55,619	$ 34,368

Organization and Summary of Sig

Organization and Summary of Significant Accounting Policies	9 Months Ended
	Sep. 30, 2021
Accounting Policies [Abstract]
Organization and Summary of Significant Accounting Policies	1. Organization and Summary of Significant Accounting Policies Organization Apple Hospitality REIT, Inc., together with its wholly-owned subsidiaries (the “Company”), is a Virginia corporation that has elected to be treated as a real estate investment trust (“REIT”) for federal income tax purposes. The Company is a self-advised REIT that invests in income-producing real estate, primarily in the lodging sector, in the United States (“U.S.”). The Company’s fiscal year end is December 31. The Company has no foreign operations or assets and its operating structure includes only one reportable segment. The consolidated financial statements include the accounts of the Company and its subsidiaries. All intercompany accounts and transactions have been eliminated. Although the Company has interests in potential variable interest entities through its purchase commitments, it is not the primary beneficiary as the Company does not have any elements of power in the decision-making process of these entities, and therefore does not consolidate the entities. As of September 30, 2021, the Company owned 215 hotels with an aggregate of 28,085 rooms located in 35 states. The Company’s common shares are listed on the New York Stock Exchange (“NYSE”) under the ticker symbol “APLE.” Basis of Presentation The accompanying unaudited consolidated financial statements have been prepared in accordance with the rules and regulations for reporting on Form 10-Q. Accordingly, they do not include all of the information required by U.S. generally accepted accounting principles (“GAAP”) for complete financial statements. In the opinion of management, all adjustments (consisting of normal recurring accruals) considered necessary for a fair presentation have been included. These unaudited financial statements should be read in conjunction with the Company’s audited consolidated financial statements included in its Annual Report on Form 10-K for the year ended December 31, 2020 (the “2020 Form 10-K”). Operating results for the three and nine months ended September 30, 2021 are not necessarily indicative of the results that may be expected for the twelve month period ending December 31, 2021. Use of Estimates The preparation of the financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the amounts reported in the consolidated financial statements and accompanying notes. Actual results could differ from those estimates. Coronavirus COVID-19 Pandemic As a result of the coronavirus COVID-19 pandemic (“COVID-19”) and the impact it has had on travel and the broader economy throughout the U.S. since March 2020, the Company’s hotels have experienced significant declines in occupancy, which have had and are expected to continue to have a significant negative effect on the Company’s revenue and operating results. While occupancy has recovered significantly during the first nine months of 2021, there remains significant uncertainty as to when or if operations at the hotels will return to pre-pandemic levels. Net Income (Loss) Per Common Share Basic net income (loss) per common share is computed based upon the weighted average number of shares outstanding during the period. Diluted net income (loss) per common share is calculated after giving effect to all potential common shares that were dilutive and outstanding for the period. Basic and diluted net income (loss) per common share were the same for each of the periods presented. Accounting Standards Recently Adopted Reference Rate Reform In March 2020, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) No. 2020-04, Reference Rate Reform (Topic 848) the FASB issued 2021-01, Reference Rate Reform (Topic 848), Scope, which further clarified the scope of the reference rate reform optional practical expedients and exceptions outlined in Topic 848. consolidated financial statements and related disclosures as of September 30, 2021 . The provisions of these updates will generally affect the Company by allowing, among other things, the following: • Modifications of the Company’s unsecured credit facilities (as defined below) to replace the London Interbank Offered Rate (LIBOR) with a substitute index to be accounted for as a non-substantial modification and not be considered a debt extinguishment. • Changes to the floating interest rate index used in the Company’s interest rate swaps to not be considered a change to the critical terms of the hedge and therefore not requiring a dedesignation of the hedging relationship. The Company has not entered into any contract modifications yet as it directly relates to reference rate reform but anticipates having to undertake such modifications in the future as a majority of the Company’s unsecured credit facilities and interest rate swaps are indexed to LIBOR. Accounting Standards Recently Issued Accounting for Certain Equity Options In May 2021, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) No. 2021-04, Issuer’s Accounting for Certain Modifications or Exchanges of Freestanding Equity-Classified Written Call Options (Topics 260, 470, 718 and 815)

Investment in Real Estate

Investment in Real Estate	9 Months Ended
	Sep. 30, 2021
Real Estate [Abstract]
Investment in Real Estate	2. Investment in Real Estate The Company’s investment in real estate consisted of the following (in thousands): September 30, December 31, 2021 2020 Land $ 771,639 $ 725,512 Building and improvements 4,441,034 4,525,850 Furniture, fixtures and equipment 475,807 499,865 Finance ground lease assets 102,084 203,617 Franchise fees 16,982 13,750 5,807,546 5,968,594 Less accumulated depreciation and amortization (1,266,122 ) (1,235,698 ) Investment in real estate, net $ 4,541,424 $ 4,732,896 As of September 30, 2021, the Company owned 215 hotels with an aggregate of 28,085 rooms located in 35 states. The Company leases all of its hotels to its wholly-owned taxable REIT subsidiary (or a subsidiary thereof) under master hotel lease agreements. Hotel Acquisitions The Company acquired four hotels during the nine months ended September 30, 2021. The following table sets forth the location, brand, manager, date acquired, number of rooms and gross purchase price, excluding transaction costs, for each hotel. All dollar amounts are in thousands. City State Brand Manager Date Acquired Rooms Gross Purchase Price Madison WI Hilton Garden Inn Raymond 2/18/2021 176 $ 49,599 Portland ME AC Hotels Crestline 8/20/2021 178 66,750 Greenville SC Hyatt Place Crestline 9/1/2021 130 30,000 Portland ME Aloft Crestline 9/10/2021 157 51,150 641 $ 197,499 During the year ended December 31, 2020, the Company acquired four hotels, including four hotels during the nine months ended September 30, 2020. The following table sets forth the location, brand, manager, date acquired, number of rooms and gross purchase price, excluding transaction costs, for each hotel. All dollar amounts are in thousands. City State Brand Manager Date Acquired Rooms Gross Purchase Price Cape Canaveral FL Hampton LBA 4/30/2020 116 $ 24,102 Cape Canaveral FL Home2 Suites LBA 4/30/2020 108 22,602 Tempe AZ Hyatt House Crestline 8/13/2020 105 26,309 Tempe AZ Hyatt Place Crestline 8/13/2020 154 38,279 483 $ 111,292 The Company utilized $25.0 million of its available cash and entered into a one-year Seattle Land Acquisition On August 16, 2021, the Company purchased the fee interest in the land at the Seattle, Washington Residence Inn, previously held under a finance ground lease. The Company utilized $24.0 million of its available cash and entered into a one-year Hotel Purchase Contract Commitments As of September 30, 2021, the Company had outstanding contracts for the potential purchase of five hotels for a total expected purchase price of approximately $242.6 million. Of these five hotels, four are existing and the Company expects to complete the purchase of these hotels in the fourth quarter of 2021; and one hotel is under development and is currently planned to be completed and opened for business in 2023, at which time the Company expects to complete the purchase of this hotel. Although the Company is working towards acquiring these hotels, in each case there are a number of conditions to closing that have not yet been satisfied and there can be no assurance that closings on these hotels will occur under the outstanding purchase contracts. If the sellers meet all of the conditions to closing, the Company is obligated to specifically perform under these contracts. The following table summarizes the location, brand, date of purchase contract, expected number of rooms, refundable (if the seller does not meet its obligations under the contract) deposits paid, and gross purchase price for each of the contracts outstanding at September 30, 2021. All dollar amounts are in thousands. Location Brands Date of Purchase Contract Rooms Refundable Deposits Gross Purchase Price Madison, WI (1) Embassy Suites 7/27/2021 260 $ 893 $ 78,598 Memphis, TN Hilton Garden Inn 8/27/2021 150 300 38,000 Fort Worth, TX Hilton Garden Inn 9/2/2021 157 176 29,500 Fort Worth, TX Homewood Suites 9/2/2021 112 128 21,500 Portland, OR Hampton 9/2/2021 243 446 75,000 922 $ 1,943 $ 242,598 (1) This hotel is currently under development. The table shows the expected number of rooms upon hotel completion and the expected franchise brand. Assuming all conditions to closing are met, the purchase of this hotel is expected to occur in 2023. If the seller meets all of the conditions to closing, the Company is obligated to specifically perform under the contract. As this property is under development, at this time, the seller has not met all of the conditions to closing.

Dispositions

Dispositions	9 Months Ended
	Sep. 30, 2021
Discontinued Operations And Disposal Groups [Abstract]
Dispositions	3. Dispositions Dispositions During the nine months ended September 30, 2021, the Company sold 23 hotels in four separate transactions with unrelated parties for a total combined gross sales price of approximately $234.6 million, resulting in a combined net gain on sale, after giving effect to impairment charges discussed below, of approximately $3.7 million, net of transaction costs, which is included in the Company’s consolidated statement of operations for the nine months ended September 30, 2021. The 23 hotels had a total carrying value of approximately $227.2 million at the time of sale. The following table lists the 23 hotels sold: City State Brand Date Sold Rooms Charlotte NC Homewood Suites 2/25/2021 118 Memphis TN Homewood Suites 3/16/2021 140 Overland Park KS SpringHill Suites 4/30/2021 102 Montgomery AL Hilton Garden Inn 7/22/2021 97 Montgomery AL Homewood Suites 7/22/2021 91 Rogers AR Residence Inn 7/22/2021 88 Phoenix AZ Courtyard 7/22/2021 127 Lakeland FL Courtyard 7/22/2021 78 Albany GA Fairfield 7/22/2021 87 Schaumburg IL Hilton Garden Inn 7/22/2021 166 Andover MA SpringHill Suites 7/22/2021 136 Fayetteville NC Residence Inn 7/22/2021 92 Greenville SC Residence Inn 7/22/2021 78 Jackson TN Hampton 7/22/2021 85 Johnson City TN Courtyard 7/22/2021 90 Allen TX Hampton 7/22/2021 103 Allen TX Hilton Garden Inn 7/22/2021 150 Beaumont TX Residence Inn 7/22/2021 133 Burleson/Fort Worth TX Hampton 7/22/2021 88 El Paso TX Hilton Garden Inn 7/22/2021 145 Irving TX Homewood Suites 7/22/2021 77 Richmond VA SpringHill Suites 7/22/2021 103 Vancouver WA SpringHill Suites 7/22/2021 119 Total 2,493 During the year ended December 31, 2020, the Company sold three hotels in three transactions with unrelated parties for a total combined gross sales price of approximately $55.3 million, resulting in a combined gain on sale of approximately $10.9 million, which is included in the Company’s consolidated statement of operations for the year ended December 31, 2020. The three hotels had a total carrying value of approximately $43.8 million at the time of the sale. The following table lists the three hotels sold: City State Brand Date Sold Rooms Sanford FL SpringHill Suites 1/16/2020 105 Boise ID SpringHill Suites 2/27/2020 230 Tulare CA Hampton 12/30/2020 86 Total 421 Excluding gains on sale of real estate, the Company’s consolidated statements of operations include operating loss of approximately $(6.8) million and $(6.7) million for the nine months ended September 30, 2021 and 2020, respectively, relating to the results of operations of the 26 hotels noted above (the 23 hotels sold in the first nine months of 2021 and the three hotels sold in 2020) for the period of ownership. The sale of these properties does not represent a strategic shift that has, or will have, a major effect on the Company’s operations and financial results, and therefore the operating results for the period of ownership of these properties are included in income from continuing operations for the nine months ended September 30, 2021 and 2020. A portion of the net proceeds from the sales were used to pay down borrowings on the Company’s revolving credit facility and the remaining proceeds are available for general corporate purposes, including acquisitions of hotel properties . Hotel Sale Contracts and Loss on Impairment of Depreciable Real Estate Assets During the first quarter of 2021, the Company identified 20 hotels for potential sale and, in April 2021, entered into a purchase contract with an unrelated party for the sale of the hotels for a gross sales price of $211.0 million. As a result, the Company recognized impairment losses totaling approximately $9.4 million The fair values of these properties were based on broker opinions of value using multiple methods to determine their value, including but not limited to replacement value, discounted cash flows and the income approach based on historical and forecasted operating results of the specific properties. These valuations are Level 3 inputs under the fair value hierarchy. Additionally, during the first quarter of 2021, the Company identified the Overland Park, Kansas SpringHill Suites for potential sale and, in February 2021, entered into a purchase contract with an unrelated party for the sale of the hotel for a gross sales price of to adjust the carrying value of the hotel to its estimated fair value less cost to sell, which was based on the contracted sales price, a Level 1 input under the fair value hierarchy. The Company completed the sale of the hotel in April 2021 and used the net proceeds from the sale to pay down borrowings on the Company’s revolving credit facility In June 2020, the Company entered into a

Debt

Debt	9 Months Ended
	Sep. 30, 2021
Debt Disclosure [Abstract]
Debt	4. Debt Summary As of September 30, 2021 and December 31, 2020, the Company’s debt consisted of the following (in thousands): September 30, 2021 December 31, 2020 Revolving credit facility $ - $ 105,800 Term loans and senior notes, net 864,705 864,225 Mortgage debt, net 501,916 512,546 Debt, net $ 1,366,621 $ 1,482,571 The aggregate amounts of principal payable under the Company’s total debt obligations as of September 30, 2021 (including the revolving credit facility, term loans, senior notes and mortgage debt), for each of the next five fiscal years and thereafter are as follows (in thousands): 2021 (October - December) $ 4,375 2022 165,831 2023 296,213 2024 338,597 2025 245,140 Thereafter 322,265 1,372,421 Unamortized fair value adjustment of assumed debt 1,070 Unamortized debt issuance costs (6,870 ) Total $ 1,366,621 The Company uses interest rate swaps to manage its interest rate risk on a portion of its variable-rate debt. Throughout the terms of these interest rate swaps, the Company pays a fixed rate of interest and receives a floating rate of interest equal to the London Inter-Bank Offered Rate for a one-month term (“one-month LIBOR”). The swaps are designed to effectively fix the interest payments on variable-rate debt instruments. See Note 5 for more information on the interest rate swap agreements. The Company’s total fixed-rate and variable-rate debt, after giving effect to its interest rate swaps in effect at September 30, 2021 and December 31, 2020 , is set forth below. All dollar amounts are in thousands. September 30, 2021 Percentage December 31, 2020 Percentage Fixed-rate debt (1) $ 1,322,421 96 % $ 1,287,219 86 % Variable-rate debt 50,000 4 % 201,351 14 % Total $ 1,372,421 $ 1,488,570 Weighted-average interest rate of debt 3.47 % 3.86 % (1) Fixed-rate debt includes the portion of variable-rate debt where the interest payments have been effectively fixed by interest rate swaps as of the respective balance sheet date. See Note 5 Credit Facilities Credit Facilities Amendments As a result of COVID-19 and the associated disruption to the Company’s operating results, the Company entered into amendments in June 2020 that suspended the testing of the Company’s existing financial maintenance covenants under the unsecured credit facilities. These amendments imposed certain restrictions regarding the Company’s investing and financing activities that were applicable during a specified waiver period, including, but not limited to, limitations on the acquisition of property, payment of distributions to shareholders, capital expenditures and use of proceeds from the sale of property or common shares of the Company, that applied during such testing suspension period. On March 1, 2021, as a result of the continued disruption from COVID-19 and the related uncertainty with respect to the Company’s future operating results, the Company entered into further amendments to each of the unsecured credit facilities (the “March 2021 amendments”) to extend the covenant waiver period for all but two of the Company’s existing financial maintenance covenants until the date that the compliance certificate was required to be delivered for the fiscal quarter ending June 30, 2022 (unless the Company elected an earlier date) (the “Extended Covenant Waiver Period”). The testing for the Minimum Fixed Charge Coverage Ratio and the Minimum Unsecured Interest Coverage Ratio was suspended until the compliance certificate was required to be delivered for the fiscal quarter ending March 31, 2022 (unless the Company elected an earlier date). In addition to the modifications and restrictions imposed during the Extended Covenant Waiver Period, the amendments modified the calculation of the existing financial covenants for the first three quarterly calculations subsequent to the end of the Extended Covenant Waiver Period to annualize calculated amounts based on the period beginning with the first fiscal quarter upon exiting the Extended Covenant Waiver Period through the most recently ended fiscal quarter. The March 2021 amendments also modified certain of the existing financial maintenance covenants to less restrictive levels upon exiting the Extended Covenant Waiver Period as follows (capitalized terms are defined in the credit agreements): ● Maximum Consolidated Leverage Ratio of 8.50 to 1.00 for the first two fiscal quarters, 8.00 to 1.00 for two fiscal quarters, 7.50 to 1.00 for one fiscal quarter and then a ratio of 6.50 to 1.00 thereafter ● Minimum Fixed Charge Coverage Ratio of 1.05 to 1.00 for the first fiscal quarter, 1.25 to 1.00 for one fiscal quarter and then a ratio of 1.50 to 1.00 thereafter ● Minimum Unsecured Interest Coverage Ratio of no less than 1.25 to 1.00 for one fiscal quarter, 1.50 to 1.00 for one fiscal quarter, 1.75 to 1.00 for one fiscal quarter and a ratio of 2.00 to 1.00 thereafter ● Maximum Unsecured Leverage Ratio of 65% for two fiscal quarters and 60% thereafter. Except as otherwise set forth in the amendments, the terms of the credit agreements remain in effect. In July 2021, the Company notified its lenders under its unsecured credit facilities that it had elected to exit the Extended Covenant Waiver Period effective on July 29, 2021 pursuant to the terms of each of its unsecured credit facilities. Upon exiting the Extended Covenant Waiver Period, the Company is no longer subject to the restrictions described above regarding its investing and financing activities that were applicable during the Extended Covenant Waiver Period, including, but not limited to, limitations on the acquisition of property, payment of distributions to shareholders, capital expenditures and use of proceeds from the sale of property or common shares of the Company. Those restrictions, including the restriction on payment of distributions to shareholders, were still in place throughout the second quarter of 2021. As of September 30, 2021, the Company met the applicable financial maintenance covenants based on the annualized results of the six months ended September 30, 2021 at the levels required for the second fiscal quarter tested upon exiting the Extended Covenant Waiver Period. The unsecured credit facilities do not provide the Company the ability to re-enter the Extended Covenant Waiver Period once it has elected to exit. $850 Million Credit Facility The Company utilizes an unsecured “$850 million credit facility” comprised of (i) a $425 million revolving credit facility with an initial maturity date of July 27, 2022 (the “Revolving Credit Facility”) and (ii) a $425 million term loan facility consisting of two term loans: a $200 million term loan with a maturity date of July 27, 2023, and a $225 million term loan with a maturity date of January 31, 2024 (the “$425 million term loan facility”). Subject to certain conditions including covenant compliance and additional fees, the $425 million revolving credit facility maturity date may be extended up to one year if certain criteria are met at the time of extension. The Company may make voluntary prepayments in whole or in part, at any time. Interest payments on the $850 million credit facility are due monthly and the interest rate, subject to certain exceptions, is equal to an annual rate of the one-month LIBOR plus a margin ranging from 1.35% to 2.25%, depending upon the Company’s leverage ratio, as calculated under the terms of the credit agreement. As of September 30, 2021, the Company had availability of $425 million under the revolving credit facility. The Company is also required to pay quarterly an unused facility fee at an annual rate of 0.20% or 0.25% on the unused portion of the $425 million revolving credit facility, based on the amount of borrowings outstanding during the quarter. $225 Million Term Loan Facility The Company has an unsecured $225 million term loan facility that is comprised of (i) a $50 million term loan with a maturity date of August 2, 2023, and (ii) a $175 million term loan with a maturity date of August 2, 2025. The credit agreement contains requirements and covenants similar to the Company’s $850 million credit facility. The Company may make voluntary prepayments in whole or in part, at any time, subject to certain conditions. Interest payments on the $225 million term loan facility are due monthly and the interest rate, subject to certain exceptions, is equal to an annual rate of the one-month LIBOR plus a margin ranging from 1.35% to 2.50%, depending upon the Company’s leverage ratio, as calculated under the terms of the credit agreement. 2017 $85 Million Term Loan Facility On July 25, 2017, the Company entered into an unsecured $85 million term loan facility with a maturity date of July 25, 2024, consisting of one term loan that was funded at closing (the “2017 $85 million term loan facility”). The credit agreement, as amended and restated in August 2018, contains requirements and covenants similar to the Company’s $850 million credit facility. The Company may make voluntary prepayments in whole or in part, at any time, subject to certain conditions. Interest payments on the 2017 $85 million term loan facility are due monthly, and the interest rate, subject to certain exceptions, is equal to an annual rate of the one-month LIBOR plus a margin ranging from 1.30% to 2.10%, depending upon the Company’s leverage ratio, as calculated under the terms of the credit agreement, for the remainder of the term. 2019 $85 Million Term Loan Facility On December 31, 2019, the Company entered into an unsecured $85 million term loan facility with a maturity date of December 31, 2029, consisting of one term loan funded at closing (the “2019 $85 million term loan facility”). Net proceeds from the 2019 $85 million term loan facility were used to pay down borrowings on the Company’s revolving credit facility. The credit agreement contains requirements and covenants similar to the Company’s $850 million credit facility. The Company may make voluntary prepayments in whole or in part, subject to certain conditions. Interest payments on the 2019 $85 million term loan facility are due monthly and the interest rate, subject to certain exceptions, is equal to an annual rate of the one-month LIBOR plus a margin ranging from 1.70% to 2.55%, depending upon the Company’s leverage ratio, as calculated under the terms of the credit agreement. $50 Million Senior Notes Facility On March 16, 2020, the Company entered into an unsecured $50 million senior notes facility with a maturity date of March 31, 2030, consisting of senior notes totaling $50 million funded at closing (the “$50 million senior notes facility” and, collectively with the $850 million credit facility, the $225 million term loan facility, the 2017 $85 million term loan facility and the 2019 $85 million term loan facility, each as amended, the “unsecured credit facilities”). Net proceeds from the $50 million senior notes facility were available to provide funding for general corporate purposes. The note agreement contains requirements and covenants similar to the Company’s $850 million credit facility. The Company may make voluntary prepayments in whole or in part, at any time, subject to certain conditions, including make-whole provisions. Interest payments on the $50 million senior notes facility are due quarterly and the interest rate, subject to certain exceptions, ranges from an annual rate of 3.60% to 4.35% depending on the Company’s leverage ratio, as calculated under the terms of the facility. As of September 30, 2021 and December 31, 2020, the details of the Company’s unsecured credit facilities were as set forth below. All dollar amounts are in thousands. Outstanding Balance Interest Rate (1) Maturity Date September 30, 2021 December 31, 2020 Revolving credit facility (2) LIBOR + 1.40% - 2.25% 7/27/2022 (4) $ - $ 105,800 Term loans and senior notes $200 million term loan LIBOR + 1.35% - 2.20% 7/27/2023 200,000 200,000 $225 million term loan LIBOR + 1.35% - 2.20% 1/31/2024 225,000 225,000 $50 million term loan LIBOR + 1.35% - 2.20% 8/2/2023 50,000 50,000 $175 million term loan LIBOR + 1.65% - 2.50% 8/2/2025 175,000 175,000 2017 $85 million term loan LIBOR + 1.30% - 2.10% 7/25/2024 85,000 85,000 2019 $85 million term loan LIBOR + 1.70% - 2.55% 12/31/2029 85,000 85,000 $50 million senior notes 3.60% - 4.35% 3/31/2030 50,000 50,000 Term loans and senior notes at stated value 870,000 870,000 Unamortized debt issuance costs (5,295 ) (5,775 ) Term loans and senior notes, net 864,705 864,225 Credit facilities, net (2) $ 864,705 $ 970,025 Weighted-average interest rate (3) 3.07 % 3.64 % (1) Interest rates on all of the unsecured credit facilities increased to 0.15% above the highest rate shown for each loan during the Extended Covenant Waiver Period from March 1, 2021 through July 28, 2021. ( 2 ) Excludes unamortized debt issuance costs related to the revolving credit facility totaling approximately $1.4 million and $2.1 million as of September 30, 2021 December 31, 2020 ( 3 ) Interest rate represents the weighted-average effective annual interest rate at the balance sheet date which includes the effect of interest rate swaps in effect on $770.0 million and $745.0 million of the outstanding variable-rate debt as of September 30, 2021 December 31, 2020 September 30, 2021 December 31, 2020 (4) Subject to certain conditions including covenant compliance and additional fees, the $425 million revolving credit facility maturity date may be extended up to one year, to July 27, 2023, if certain criteria are met at the time of extension. Mortgage Debt As of September 30, 2021, the Company had approximately $502.4 million in outstanding mortgage debt secured by 28 properties with maturity dates ranging from August 2022 to May 2038, stated interest rates ranging from 3.40% to 5.00% and effective interest rates ranging from 3.40% to 4.97%. The loans generally provide for monthly payments of principal and interest on an amortized basis and defeasance or prepayment penalties if prepaid. As a result of the effects of the COVID-19 pandemic on certain hotels, the associated lenders granted temporary deferrals of principal and interest payments during 2020, however all payments resumed as of December 31, 2020. The following table sets forth the hotel properties securing each loan, the interest rate, loan assumption or origination date, maturity date, the principal amount assumed or originated, and the outstanding balance prior to any fair value adjustments or debt issuance costs as of September 30, 2021 and December 31, 2020 for each of the Company’s mortgage debt obligations. All dollar amounts are in thousands. Location Brand Interest Rate (1) Loan Assumption or Origination Date Maturity Date Principal Assumed or Originated Outstanding balance as of September 30, 2021 Outstanding balance as of December 31, 2020 Cape Canaveral, FL Hampton (2 ) 4/30/2020 (3) $ 10,852 $ - $ 10,275 Cape Canaveral, FL Home2 Suites (2 ) 4/30/2020 (3) 10,852 - 10,275 Colorado Springs, CO Hampton 6.25 % 9/1/2016 (4) 7,923 - 7,317 Franklin, TN Courtyard 6.25 % 9/1/2016 (4) 14,679 - 13,563 Franklin, TN Residence Inn 6.25 % 9/1/2016 (4) 14,679 - 13,563 Seattle, WA (5) 4.00 % 8/16/2021 8/16/2022 56,000 56,000 - Grapevine, TX Hilton Garden Inn 4.89 % 8/29/2012 9/1/2022 11,810 9,167 9,434 Collegeville/Philadelphia, PA Courtyard 4.89 % 8/30/2012 9/1/2022 12,650 9,818 10,105 Hattiesburg, MS Courtyard 5.00 % 3/1/2014 9/1/2022 5,732 4,596 4,729 Kirkland, WA Courtyard 5.00 % 3/1/2014 9/1/2022 12,145 9,737 10,018 Rancho Bernardo/San Diego, CA Courtyard 5.00 % 3/1/2014 9/1/2022 15,060 12,074 12,422 Seattle, WA Residence Inn 4.96 % 3/1/2014 9/1/2022 28,269 22,638 23,294 Anchorage, AK Embassy Suites 4.97 % 9/13/2012 10/1/2022 23,230 18,139 18,660 Somerset, NJ Courtyard 4.73 % 3/1/2014 10/6/2022 8,750 6,973 7,179 Tukwila, WA Homewood Suites 4.73 % 3/1/2014 10/6/2022 9,431 7,516 7,737 Huntsville, AL Homewood Suites 4.12 % 3/1/2014 2/6/2023 8,306 6,542 6,742 Prattville, AL Courtyard 4.12 % 3/1/2014 2/6/2023 6,596 5,195 5,354 San Diego, CA Residence Inn 3.97 % 3/1/2014 3/6/2023 18,600 14,610 15,061 Miami, FL Homewood Suites 4.02 % 3/1/2014 4/1/2023 16,677 13,136 13,537 New Orleans, LA Homewood Suites 4.36 % 7/17/2014 8/11/2024 27,000 22,181 22,766 Westford, MA Residence Inn 4.28 % 3/18/2015 4/11/2025 10,000 8,393 8,605 Denver, CO Hilton Garden Inn 4.46 % 9/1/2016 6/11/2025 34,118 29,663 30,387 Oceanside, CA Courtyard 4.28 % 9/1/2016 10/1/2025 13,655 12,391 12,605 Omaha, NE Hilton Garden Inn 4.28 % 9/1/2016 10/1/2025 22,682 20,581 20,936 Boise, ID Hampton 4.37 % 5/26/2016 6/11/2026 24,000 21,799 22,146 Burbank, CA Courtyard 3.55 % 11/3/2016 12/1/2026 25,564 22,482 23,315 San Diego, CA Courtyard 3.55 % 11/3/2016 12/1/2026 25,473 22,402 23,232 San Diego, CA Hampton 3.55 % 11/3/2016 12/1/2026 18,963 16,677 17,295 Burbank, CA SpringHill Suites 3.94 % 3/9/2018 4/1/2028 28,470 26,264 27,078 Santa Ana, CA Courtyard 3.94 % 3/9/2018 4/1/2028 15,530 14,326 14,770 Richmond, VA Courtyard 3.40 % 2/12/2020 3/11/2030 14,950 14,521 14,739 Richmond, VA Residence Inn 3.40 % 2/12/2020 3/11/2030 14,950 14,521 14,739 Portland, ME Residence Inn 3.43 % 3/2/2020 4/1/2030 33,500 33,500 33,500 San Jose, CA Homewood Suites 4.22 % 12/22/2017 5/1/2038 30,000 26,579 27,392 $ 631,096 502,421 512,770 Unamortized fair value adjustment of assumed debt 1,070 1,624 Unamortized debt issuance costs (1,575 ) (1,848 ) Total $ 501,916 $ 512,546 (1) Interest rates are the rates per the loan agreement. For loans assumed, the Company adjusted the interest rates per the loan agreement to market rates and is amortizing the adjustments to interest expense over the life of the loan. ( 2 ) Interest rate was variable based on one-month LIBOR plus 3.00%. As of April 12, 2021, the date the loan was fully repaid, the interest rate was 3.11%. In July 2020, the principal amount of the note was reduced by approximately $1.1 million representing a credit from the developer for shared construction savings. (3) Loan was repaid in full on April 12, 2021. (4) Loan was repaid in full on June 4, 2021. ( 5 ) On August 16, 2021, the Company acquired the fee interest in the land at the Seattle, Washington Residence Inn, previously held under a finance ground lease, for a purchase price of $80.0 million, consisting of a $24.0 million cash payment and a one-year

Fair Value of Financial Instrum

Fair Value of Financial Instruments	9 Months Ended
	Sep. 30, 2021
Fair Value Disclosures [Abstract]
Fair Value of Financial Instruments	5. Fair Value of Financial Instruments Except as described below, the carrying value of the Company’s financial instruments approximates fair value due to the short-term nature of these financial instruments. Debt The Company estimates the fair value of its debt by discounting the future cash flows of each instrument at estimated market rates consistent with the maturity of a debt obligation with similar credit terms and credit characteristics, which are Level 3 inputs under the fair value hierarchy. Market rates take into consideration general market conditions and maturity. As of September 30, 2021, the carrying value and estimated fair value of the Company’s debt were approximately $1.4 billion and $1.3 billion, respectively. As of December 31, 2020, both the carrying value and estimated fair value of the Company’s debt were approximately $ 1.5 billion Derivative Instruments Currently, the Company uses interest rate swaps to manage its interest rate risk on variable-rate debt. Throughout the terms of these interest rate swaps, the Company pays a fixed rate of interest and receives a floating rate of interest equal to the one-month LIBOR. The swaps are designed to effectively fix the interest payments on variable-rate debt instruments. These swap instruments are recorded at fair value and, if in an asset position, are included in other assets, net, and, if in a liability position, are included in accounts payable and other liabilities in the Company’s consolidated balance sheets. The fair values of the Company’s interest rate swap agreements are determined using the market standard methodology of netting the discounted future fixed cash payments and the discounted expected variable cash receipts, which is considered a Level 2 measurement under the fair value hierarchy. The variable cash receipts are based on an expectation of future interest rates (forward curves) derived from observable market interest rate curves. The following table sets forth information for each of the Company’s interest rate swap agreements outstanding as of September 30, 2021 and December 31, 2020. All dollar amounts are in thousands. Fair Value Asset (Liability) Notional Amount at September 30, 2021 Origination Date Effective Date Maturity Date Swap Fixed Interest Rate September 30, 2021 December 31, 2020 Active interest rate swaps designated as cash flow hedges at September 30, 2021: 100,000 4/7/2016 9/30/2016 3/31/2023 1.33% $ (1,690 ) $ (2,681 ) 75,000 5/31/2017 7/31/2017 6/30/2024 1.96% (3,022 ) (4,639 ) 10,000 8/10/2017 8/10/2017 6/30/2024 2.01% (416 ) (636 ) 50,000 6/1/2018 1/31/2019 6/30/2025 2.89% (4,065 ) (5,911 ) 50,000 7/2/2019 7/5/2019 7/18/2024 1.65% (1,610 ) (2,593 ) 50,000 8/21/2019 8/23/2019 8/18/2024 1.32% (1,141 ) (2,036 ) 50,000 8/21/2019 8/23/2019 8/30/2024 1.32% (1,143 ) (2,049 ) 85,000 12/31/2019 12/31/2019 12/31/2029 1.86% (3,978 ) (8,677 ) 25,000 12/6/2018 1/31/2020 6/30/2025 2.75% (1,904 ) (2,801 ) 50,000 12/7/2018 5/18/2020 1/31/2024 2.72% (2,736 ) (3,967 ) 75,000 8/21/2019 5/18/2020 5/18/2025 1.27% (1,536 ) (3,294 ) 75,000 7/31/2020 8/18/2020 8/18/2022 0.13% (8 ) 14 75,000 8/21/2019 5/18/2021 5/18/2026 1.30% (1,401 ) (3,415 ) 770,000 (24,650 ) (42,685 ) Matured interest rate swap at September 30, 2021: $ 50,000 4/7/2016 9/30/2016 3/31/2021 1.09% - (117 ) $ (24,650 ) $ (42,802 ) The Company assesses, both at inception and on an ongoing basis, the effectiveness of its qualifying cash flow hedges. As of September 30, 2021, all of the 13 active interest rate swap agreements listed above were designated as cash flow hedges. The change in the fair value of the Company’s designated cash flow hedges is recorded to accumulated other comprehensive loss, a component of shareholders’ equity in the Company’s consolidated balance sheets. Amounts reported in accumulated other comprehensive loss will be reclassified to interest and other expense, net as interest payments are made or received on the Company’s variable-rate derivatives. The Company estimates that approximately $11.4 million of net unrealized losses included in accumulated other comprehensive loss at September 30, 2021 will be reclassified as an increase to interest and other expense, net within the next 12 months. The following table presents the effect of derivative instruments in cash flow hedging relationships in the Company’s consolidated statements of operations and comprehensive income (loss) for the three and nine months ended September 30, 2021 and 2020 (in thousands): Net Unrealized Gain Recognized in Other Comprehensive Income (Loss) Net Unrealized Loss Reclassified from Accumulated Other Comprehensive Income (Loss) to Interest and Other Expense, net Three Months Ended September 30, Three Months Ended September 30, 2021 2020 2021 2020 Interest rate derivatives in cash flow hedging relationships $ 478 $ 33 $ (2,948 ) $ (2,706 ) Net Unrealized Gain (Loss) Recognized in Other Comprehensive Income (Loss) Net Unrealized Loss Reclassified from Accumulated Other Comprehensive Income (Loss) to Interest and Other Expense, net Nine Months Ended September 30, Nine Months Ended September 30, 2021 2020 2021 2020 Interest rate derivatives in cash flow hedging relationships $ 9,714 $ (48,628 ) $ (8,438 ) $ (5,006 )

Related Parties

Related Parties	9 Months Ended
	Sep. 30, 2021
Related Party Transactions [Abstract]
Related Parties	6. Related Parties The Company has, and is expected to continue to engage in, transactions with related parties. These transactions cannot be construed to be at arm’s length and the results of the Company’s operations may be different if these transactions were conducted with non-related parties. There have been no changes to the contracts and relationships discussed in the 2020 Form 10-K. Below is a summary of the significant related party relationships in effect during the nine months ended September 30, 2021 and 2020. Glade M. Knight, Executive Chairman of the Company, owns Apple Realty Group, Inc. (“ARG”), which receives support services from the Company and reimburses the Company for the cost of these services as discussed below. Mr. Knight is also currently a partner and Chief Executive Officer of Energy 11 GP, LLC and Energy Resources 12 GP, LLC, which are the respective general partners of Energy 11, L.P. and Energy Resources 12, L.P., each of which receives support services from ARG. The Company provides support services, including the use of the Company’s employees and corporate office, to ARG and is reimbursed by ARG for the cost of these services. Under this cost sharing structure, amounts reimbursed to the Company include both compensation for personnel and office related costs (including office rent, utilities, office supplies, etc.) used by ARG. The amounts reimbursed to the Company are based on the actual costs of the services and a good faith estimate of the proportionate amount of time incurred by the Company’s employees on behalf of ARG. Total reimbursed costs allocated by the Company to ARG for the nine months ended September 30, 2021 and 2020 totaled approximately $0.5 million and $0.9 million, respectively, and are recorded as a reduction to general and administrative expenses in the Company’s consolidated statements of operations. As part of the cost sharing arrangement, certain day-to-day transactions may result in amounts due to or from the Company and ARG. To efficiently manage cash disbursements, the Company or ARG may make payments for the other company. Under this cash management process, each company may advance or defer up to $1 million at any time. Each quarter, any outstanding amounts are settled between the companies. This process allows each company to minimize its cash on hand and reduces the cost for each company. The amounts outstanding at any point in time are not significant to either of the companies. As of September 30, 2021 and December 31, 2020, total amounts due from ARG for reimbursements under the cost sharing structure totaled approximately $0.2 million and $0.3 million, respectively, and are included in other assets, net in the Company’s consolidated balance sheets. The Company, through its wholly-owned subsidiary, Apple Air Holding, LLC, owns a Learjet used primarily for acquisition, asset management, renovation and investor and public relations purposes. The aircraft is also leased to affiliates of the Company based on third party rates, which leasing activity was not significant during the reporting periods. The Company also utilizes one aircraft, owned through an entity owned by the Company’s Executive Chairman, for acquisition, asset management, renovation and investor and public relations purposes, and reimburses the entity at third party rates. Total costs incurred for the use of the aircraft during the nine months ended September 30, 2021 and 2020 were less than $0.1

Shareholders' Equity

Shareholders' Equity	9 Months Ended
	Sep. 30, 2021
Stockholders Equity Note [Abstract]
Shareholders' Equity	7. Shareholders’ Equity Distributions For the nine months ended September 30, 2021 and 2020, the Company paid distributions of $0.02 and $0.30 per common share for a total of $4.5 million and $67.3 million, respectively. Prior to the suspension of its distributions in March 2020 due to the impact of COVID-19 on its operating cash flows, the Company’s annual distribution rate, payable monthly, was $1.20 per common share. In March and June 2021, the Company declared quarterly distributions of $0.01 per common share, which were paid in April and July, respectively, totaling $4.5 million for the nine months ended September 30, 2021. Additionally, in September 2021, the Company declared a quarterly distribution of $0.01 per common share, totaling $2.3 million, which was recorded as a payable as of September 30, 2021 and paid on October 18, 2021. This accrued distribution was included in accounts payable and other liabilities in the Company’s consolidated balance sheet at September 30, 2021. Issuance of Shares On August 12, 2020, the Company entered into an equity distribution agreement pursuant to which the Company may sell, from time to time, up to an aggregate of $300 million of its common shares under an at-the-market offering program (the “ATM Program”). During the second quarter of 2021, the Company sold approximately 4.7 million common shares under its ATM Program at a weighted-average market sales price of approximately $16.26 per common share and received aggregate gross proceeds of approximately $76.0 million and proceeds net of offering costs, which included $0.9 million of commissions, of approximately $75.1 million. The Company used the net proceeds from the sale of these shares to pay down borrowings on its revolving credit facility and for general corporate purposes, including acquisitions of hotel properties. As of September 30, 2021, approximately $224.0 million remained available for issuance under the ATM Program. No shares were sold under the Company’s ATM Program in the third quarter of 2021. The Company plans to use future net proceeds from the sale of these shares to pay down borrowings on its revolving credit facility (if any). The Company plans to use the corresponding increased availability under the revolving credit facility for general corporate purposes which may include, among other things, acquisitions of additional properties, the repayment of other outstanding indebtedness, capital expenditures, improvement of properties in its portfolio and working capital. The Company may also use the net proceeds to acquire another REIT or other company that invests in income producing properties. Share Repurchases In May 2021, the Company’s Board of Directors approved a one-year

Compensation Plans

Compensation Plans	9 Months Ended
	Sep. 30, 2021
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]
Compensation Plans	8. Compensation Plans The Company annually establishes an incentive plan for its executive management. Under the incentive plan for 2021 (the “2021 Incentive Plan”), participants are eligible to receive incentive compensation based on the achievement of certain 2021 performance measures, consisting of operational performance metrics and shareholder return metrics (including shareholder return relative to a peer group and total shareholder return, over one-year, two-year and three-year periods). With respect to the operational performance metrics, for the period of January 1 – June 30, 2021, metrics included portfolio occupancy growth, expense management, successful negotiation of amendments to each of the Company’s unsecured credit facilities and effective allocation of capital to drive incremental returns, with no specific target or weighting assigned to each metric. Operational performance metrics for the period of July 1 – December 31, 2021, include metrics regarding top line growth, bottom line growth, capital allocation and balance sheet metrics, with no specific target or weighting assigned to each metric. The operational performance metrics account for 50% of the total target incentive compensation. The shareholder return metrics are weighted 75% for relative shareholder return metrics and 25% for total shareholder return metrics, and account for 50% of the total target incentive compensation. At September 30, 2021, the range of potential aggregate payouts under the 2021 Incentive Plan was $0 - $22.4 million. Based on performance through September 30, 2021, the Company has accrued approximately $13.0 million as a liability for potential executive incentive compensation payments under the 2021 Incentive Plan, which is included in accounts payable and other liabilities in the Company’s consolidated balance sheet as of September 30, 2021. Compensation expense recognized by the Company under the 2021 Incentive Plan is included in general and administrative expenses in the Company’s consolidated statement of operations and totaled approximately $ 7.0 million and $ 13.0 million for the three and nine months ended September 30, 2021 . Approximately 25 % of target awards under the 2021 Incentive Plan, if any, will be paid in cash, and 75 % will be issued in stock under the Company’s 2014 Omnibus Incentive Plan, approximately two-thirds of which will vest in December 2021 and one-third of which will vest in December 202 2 . Under the incentive plan for 2020 (the “2020 Incentive Plan”), the Company recorded approximately $1.5 million and $4.0 million in general and administrative expenses in its consolidated statement of operations for the three and nine months ended September 30, 2020. During the nine months ended September 30, 2020, the Company accrued expense associated with two separation agreements of approximately $1.25 million each, totaling approximately $2.5 million, in connection with the retirements of the Company’s former Executive Vice President and Chief Operating Officer and the Company’s former Executive Vice President and Chief Financial Officer which amounts were paid in October 2020. The accrued expense was included in general and administrative expenses in the Company’s consolidated statement of operations for the nine months ended September 30, 2020. Share-Based Compensation Awards The following table sets forth information pertaining to the share-based compensation issued under the 2020 Incentive Plan and the incentive plan for 2019 (the “2019 Incentive Plan”). 2020 Incentive Plan 2019 Incentive Plan Period common shares issued First Quarter 2021 First Quarter 2020 Common shares earned under each incentive plan 555,726 665,552 Common shares surrendered on issuance date to satisfy tax withholding obligations 117,647 60,616 Common shares earned and issued under each incentive plan, net of common shares surrendered on issuance date to satisfy tax withholding obligations 438,079 604,936 Closing stock price on issuance date $ 14.03 $ 13.01 Total share-based compensation earned, including the surrendered shares (in millions) $ 7.8 (1) $ 8.7 (2) Of the total common shares earned and issued, total common shares unrestricted at time of issuance 160,216 426,553 Of the total common shares earned and issued, total common shares restricted at time of issuance 277,863 178,383 Restricted common shares vesting date December 10, 2021 December 11, 2020 Common shares surrendered on vesting date to satisfy tax withholding requirements resulting from vesting of restricted common shares n/a 60,066 (1) Of the total 2020 December 31, 2020 December 31, 2020 (2) Of the total 2019 share-based compensation, approximately $1.2 million, which vested on December 11, 2020 2020 Additionally, in conjunction with the appointment of five new officers of the Company on April 1, 2020, the Company issued to the new officer group a total of approximately 200,000 restricted common shares with an aggregate grant date fair value of approximately $ 1.8 million. For each grantee, the restricted shares will vest on March 31, 2023 if the individual remains in service of the Company through the date of vesting. The expense associated with the awards will be amortized over the 3-year restriction period. For the three months ended September 30, 2021 and 2020 , the Company recognized approximately $ 0.1 million in each respective period, of share-based compensation expense related to these awards , and $ 0.4 million and $ million, respectively, for the nine months ended September 30, 2021 and 2020 .

Subsequent Events

Subsequent Events	9 Months Ended
	Sep. 30, 2021
Subsequent Events [Abstract]
Subsequent Events	9. Subsequent Events On October 18, 2021, the Company paid approximately $2.3 million, or $0.01 per outstanding common share, in distributions to its common shareholders. On October 28, 2021, the Company completed the purchase of the existing 150-room Hilton Garden Inn in Memphis, Tennessee for a gross purchase price of approximately $38.0 million. The Company utilized its available cash to purchase the hotel.

Organization and Summary of S_2

Organization and Summary of Significant Accounting Policies (Policies)	9 Months Ended
	Sep. 30, 2021
Accounting Policies [Abstract]
Organization	Organization Apple Hospitality REIT, Inc., together with its wholly-owned subsidiaries (the “Company”), is a Virginia corporation that has elected to be treated as a real estate investment trust (“REIT”) for federal income tax purposes. The Company is a self-advised REIT that invests in income-producing real estate, primarily in the lodging sector, in the United States (“U.S.”). The Company’s fiscal year end is December 31. The Company has no foreign operations or assets and its operating structure includes only one reportable segment. The consolidated financial statements include the accounts of the Company and its subsidiaries. All intercompany accounts and transactions have been eliminated. Although the Company has interests in potential variable interest entities through its purchase commitments, it is not the primary beneficiary as the Company does not have any elements of power in the decision-making process of these entities, and therefore does not consolidate the entities. As of September 30, 2021, the Company owned 215 hotels with an aggregate of 28,085 rooms located in 35 states. The Company’s common shares are listed on the New York Stock Exchange (“NYSE”) under the ticker symbol “APLE.”
Basis of Presentation	Basis of Presentation The accompanying unaudited consolidated financial statements have been prepared in accordance with the rules and regulations for reporting on Form 10-Q. Accordingly, they do not include all of the information required by U.S. generally accepted accounting principles (“GAAP”) for complete financial statements. In the opinion of management, all adjustments (consisting of normal recurring accruals) considered necessary for a fair presentation have been included. These unaudited financial statements should be read in conjunction with the Company’s audited consolidated financial statements included in its Annual Report on Form 10-K for the year ended December 31, 2020 (the “2020 Form 10-K”). Operating results for the three and nine months ended September 30, 2021 are not necessarily indicative of the results that may be expected for the twelve month period ending December 31, 2021.
Use of Estimates	Use of Estimates The preparation of the financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the amounts reported in the consolidated financial statements and accompanying notes. Actual results could differ from those estimates.
Coronavirus COVID-19 Pandemic	Coronavirus COVID-19 Pandemic As a result of the coronavirus COVID-19 pandemic (“COVID-19”) and the impact it has had on travel and the broader economy throughout the U.S. since March 2020, the Company’s hotels have experienced significant declines in occupancy, which have had and are expected to continue to have a significant negative effect on the Company’s revenue and operating results. While occupancy has recovered significantly during the first nine months of 2021, there remains significant uncertainty as to when or if operations at the hotels will return to pre-pandemic levels.
Net Income (Loss) Per Common Share	Net Income (Loss) Per Common Share Basic net income (loss) per common share is computed based upon the weighted average number of shares outstanding during the period. Diluted net income (loss) per common share is calculated after giving effect to all potential common shares that were dilutive and outstanding for the period. Basic and diluted net income (loss) per common share were the same for each of the periods presented.
Accounting Standards Recently Adopted	Accounting Standards Recently Adopted Reference Rate Reform In March 2020, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) No. 2020-04, Reference Rate Reform (Topic 848) the FASB issued 2021-01, Reference Rate Reform (Topic 848), Scope, which further clarified the scope of the reference rate reform optional practical expedients and exceptions outlined in Topic 848. consolidated financial statements and related disclosures as of September 30, 2021 . The provisions of these updates will generally affect the Company by allowing, among other things, the following: • Modifications of the Company’s unsecured credit facilities (as defined below) to replace the London Interbank Offered Rate (LIBOR) with a substitute index to be accounted for as a non-substantial modification and not be considered a debt extinguishment. • Changes to the floating interest rate index used in the Company’s interest rate swaps to not be considered a change to the critical terms of the hedge and therefore not requiring a dedesignation of the hedging relationship. The Company has not entered into any contract modifications yet as it directly relates to reference rate reform but anticipates having to undertake such modifications in the future as a majority of the Company’s unsecured credit facilities and interest rate swaps are indexed to LIBOR. Accounting Standards Recently Issued Accounting for Certain Equity Options In May 2021, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) No. 2021-04, Issuer’s Accounting for Certain Modifications or Exchanges of Freestanding Equity-Classified Written Call Options (Topics 260, 470, 718 and 815)

Investment in Real Estate (Tabl

Investment in Real Estate (Tables)	9 Months Ended
	Sep. 30, 2021
Real Estate [Abstract]
Schedule of Investment in Real Estate	The Company’s investment in real estate consisted of the following (in thousands): September 30, December 31, 2021 2020 Land $ 771,639 $ 725,512 Building and improvements 4,441,034 4,525,850 Furniture, fixtures and equipment 475,807 499,865 Finance ground lease assets 102,084 203,617 Franchise fees 16,982 13,750 5,807,546 5,968,594 Less accumulated depreciation and amortization (1,266,122 ) (1,235,698 ) Investment in real estate, net $ 4,541,424 $ 4,732,896
Schedule of Hotel Acquisitions	The Company acquired four hotels during the nine months ended September 30, 2021. The following table sets forth the location, brand, manager, date acquired, number of rooms and gross purchase price, excluding transaction costs, for each hotel. All dollar amounts are in thousands. City State Brand Manager Date Acquired Rooms Gross Purchase Price Madison WI Hilton Garden Inn Raymond 2/18/2021 176 $ 49,599 Portland ME AC Hotels Crestline 8/20/2021 178 66,750 Greenville SC Hyatt Place Crestline 9/1/2021 130 30,000 Portland ME Aloft Crestline 9/10/2021 157 51,150 641 $ 197,499 During the year ended December 31, 2020, the Company acquired four hotels, including four hotels during the nine months ended September 30, 2020. The following table sets forth the location, brand, manager, date acquired, number of rooms and gross purchase price, excluding transaction costs, for each hotel. All dollar amounts are in thousands. City State Brand Manager Date Acquired Rooms Gross Purchase Price Cape Canaveral FL Hampton LBA 4/30/2020 116 $ 24,102 Cape Canaveral FL Home2 Suites LBA 4/30/2020 108 22,602 Tempe AZ Hyatt House Crestline 8/13/2020 105 26,309 Tempe AZ Hyatt Place Crestline 8/13/2020 154 38,279 483 $ 111,292
Schedule of Purchase Contract Outstanding	The following table summarizes the location, brand, date of purchase contract, expected number of rooms, refundable (if the seller does not meet its obligations under the contract) deposits paid, and gross purchase price for each of the contracts outstanding at September 30, 2021. All dollar amounts are in thousands. Location Brands Date of Purchase Contract Rooms Refundable Deposits Gross Purchase Price Madison, WI (1) Embassy Suites 7/27/2021 260 $ 893 $ 78,598 Memphis, TN Hilton Garden Inn 8/27/2021 150 300 38,000 Fort Worth, TX Hilton Garden Inn 9/2/2021 157 176 29,500 Fort Worth, TX Homewood Suites 9/2/2021 112 128 21,500 Portland, OR Hampton 9/2/2021 243 446 75,000 922 $ 1,943 $ 242,598 (1) This hotel is currently under development. The table shows the expected number of rooms upon hotel completion and the expected franchise brand. Assuming all conditions to closing are met, the purchase of this hotel is expected to occur in 2023. If the seller meets all of the conditions to closing, the Company is obligated to specifically perform under the contract. As this property is under development, at this time, the seller has not met all of the conditions to closing.

Dispositions (Tables)

Dispositions (Tables)	9 Months Ended
	Sep. 30, 2021
2021 Dispositions [Member]
Schedule of Hotels Sold	During the nine months ended September 30, 2021, the Company sold 23 hotels in four separate transactions with unrelated parties for a total combined gross sales price of approximately $234.6 million, resulting in a combined net gain on sale, after giving effect to impairment charges discussed below, of approximately $3.7 million, net of transaction costs, which is included in the Company’s consolidated statement of operations for the nine months ended September 30, 2021. The 23 hotels had a total carrying value of approximately $227.2 million at the time of sale. The following table lists the 23 hotels sold: City State Brand Date Sold Rooms Charlotte NC Homewood Suites 2/25/2021 118 Memphis TN Homewood Suites 3/16/2021 140 Overland Park KS SpringHill Suites 4/30/2021 102 Montgomery AL Hilton Garden Inn 7/22/2021 97 Montgomery AL Homewood Suites 7/22/2021 91 Rogers AR Residence Inn 7/22/2021 88 Phoenix AZ Courtyard 7/22/2021 127 Lakeland FL Courtyard 7/22/2021 78 Albany GA Fairfield 7/22/2021 87 Schaumburg IL Hilton Garden Inn 7/22/2021 166 Andover MA SpringHill Suites 7/22/2021 136 Fayetteville NC Residence Inn 7/22/2021 92 Greenville SC Residence Inn 7/22/2021 78 Jackson TN Hampton 7/22/2021 85 Johnson City TN Courtyard 7/22/2021 90 Allen TX Hampton 7/22/2021 103 Allen TX Hilton Garden Inn 7/22/2021 150 Beaumont TX Residence Inn 7/22/2021 133 Burleson/Fort Worth TX Hampton 7/22/2021 88 El Paso TX Hilton Garden Inn 7/22/2021 145 Irving TX Homewood Suites 7/22/2021 77 Richmond VA SpringHill Suites 7/22/2021 103 Vancouver WA SpringHill Suites 7/22/2021 119 Total 2,493
2020 Dispositions [Member]
Schedule of Hotels Sold	During the year ended December 31, 2020, the Company sold three hotels in three transactions with unrelated parties for a total combined gross sales price of approximately $55.3 million, resulting in a combined gain on sale of approximately $10.9 million, which is included in the Company’s consolidated statement of operations for the year ended December 31, 2020. The three hotels had a total carrying value of approximately $43.8 million at the time of the sale. The following table lists the three hotels sold: City State Brand Date Sold Rooms Sanford FL SpringHill Suites 1/16/2020 105 Boise ID SpringHill Suites 2/27/2020 230 Tulare CA Hampton 12/30/2020 86 Total 421

Debt (Tables)

Debt (Tables)	9 Months Ended
	Sep. 30, 2021
Debt Tables [Line Items]
Schedule of Future Minimum Debt Payments	The aggregate amounts of principal payable under the Company’s total debt obligations as of September 30, 2021 (including the revolving credit facility, term loans, senior notes and mortgage debt), for each of the next five fiscal years and thereafter are as follows (in thousands): 2021 (October - December) $ 4,375 2022 165,831 2023 296,213 2024 338,597 2025 245,140 Thereafter 322,265 1,372,421 Unamortized fair value adjustment of assumed debt 1,070 Unamortized debt issuance costs (6,870 ) Total $ 1,366,621
Schedule of Total Fixed-Rate and Variable Rate Debt	The Company uses interest rate swaps to manage its interest rate risk on a portion of its variable-rate debt. Throughout the terms of these interest rate swaps, the Company pays a fixed rate of interest and receives a floating rate of interest equal to the London Inter-Bank Offered Rate for a one-month term (“one-month LIBOR”). The swaps are designed to effectively fix the interest payments on variable-rate debt instruments. See Note 5 for more information on the interest rate swap agreements. The Company’s total fixed-rate and variable-rate debt, after giving effect to its interest rate swaps in effect at September 30, 2021 and December 31, 2020 , is set forth below. All dollar amounts are in thousands. September 30, 2021 Percentage December 31, 2020 Percentage Fixed-rate debt (1) $ 1,322,421 96 % $ 1,287,219 86 % Variable-rate debt 50,000 4 % 201,351 14 % Total $ 1,372,421 $ 1,488,570 Weighted-average interest rate of debt 3.47 % 3.86 % (1) Fixed-rate debt includes the portion of variable-rate debt where the interest payments have been effectively fixed by interest rate swaps as of the respective balance sheet date. See Note 5
Summary [Member]
Debt Tables [Line Items]
Schedule of Long-term Debt Instruments	As of September 30, 2021 and December 31, 2020, the Company’s debt consisted of the following (in thousands): September 30, 2021 December 31, 2020 Revolving credit facility $ - $ 105,800 Term loans and senior notes, net 864,705 864,225 Mortgage debt, net 501,916 512,546 Debt, net $ 1,366,621 $ 1,482,571
Credit Facilities [Member]
Debt Tables [Line Items]
Schedule of Long-term Debt Instruments	As of September 30, 2021 and December 31, 2020, the details of the Company’s unsecured credit facilities were as set forth below. All dollar amounts are in thousands. Outstanding Balance Interest Rate (1) Maturity Date September 30, 2021 December 31, 2020 Revolving credit facility (2) LIBOR + 1.40% - 2.25% 7/27/2022 (4) $ - $ 105,800 Term loans and senior notes $200 million term loan LIBOR + 1.35% - 2.20% 7/27/2023 200,000 200,000 $225 million term loan LIBOR + 1.35% - 2.20% 1/31/2024 225,000 225,000 $50 million term loan LIBOR + 1.35% - 2.20% 8/2/2023 50,000 50,000 $175 million term loan LIBOR + 1.65% - 2.50% 8/2/2025 175,000 175,000 2017 $85 million term loan LIBOR + 1.30% - 2.10% 7/25/2024 85,000 85,000 2019 $85 million term loan LIBOR + 1.70% - 2.55% 12/31/2029 85,000 85,000 $50 million senior notes 3.60% - 4.35% 3/31/2030 50,000 50,000 Term loans and senior notes at stated value 870,000 870,000 Unamortized debt issuance costs (5,295 ) (5,775 ) Term loans and senior notes, net 864,705 864,225 Credit facilities, net (2) $ 864,705 $ 970,025 Weighted-average interest rate (3) 3.07 % 3.64 % (1) Interest rates on all of the unsecured credit facilities increased to 0.15% above the highest rate shown for each loan during the Extended Covenant Waiver Period from March 1, 2021 through July 28, 2021. ( 2 ) Excludes unamortized debt issuance costs related to the revolving credit facility totaling approximately $1.4 million and $2.1 million as of September 30, 2021 December 31, 2020 ( 3 ) Interest rate represents the weighted-average effective annual interest rate at the balance sheet date which includes the effect of interest rate swaps in effect on $770.0 million and $745.0 million of the outstanding variable-rate debt as of September 30, 2021 December 31, 2020 September 30, 2021 December 31, 2020 (4) Subject to certain conditions including covenant compliance and additional fees, the $425 million revolving credit facility maturity date may be extended up to one year, to July 27, 2023, if certain criteria are met at the time of extension.
Mortgage Debt [Member]
Debt Tables [Line Items]
Schedule of Long-term Debt Instruments	As of September 30, 2021, the Company had approximately $502.4 million in outstanding mortgage debt secured by 28 properties with maturity dates ranging from August 2022 to May 2038, stated interest rates ranging from 3.40% to 5.00% and effective interest rates ranging from 3.40% to 4.97%. The loans generally provide for monthly payments of principal and interest on an amortized basis and defeasance or prepayment penalties if prepaid. As a result of the effects of the COVID-19 pandemic on certain hotels, the associated lenders granted temporary deferrals of principal and interest payments during 2020, however all payments resumed as of December 31, 2020. The following table sets forth the hotel properties securing each loan, the interest rate, loan assumption or origination date, maturity date, the principal amount assumed or originated, and the outstanding balance prior to any fair value adjustments or debt issuance costs as of September 30, 2021 and December 31, 2020 for each of the Company’s mortgage debt obligations. All dollar amounts are in thousands. Location Brand Interest Rate (1) Loan Assumption or Origination Date Maturity Date Principal Assumed or Originated Outstanding balance as of September 30, 2021 Outstanding balance as of December 31, 2020 Cape Canaveral, FL Hampton (2 ) 4/30/2020 (3) $ 10,852 $ - $ 10,275 Cape Canaveral, FL Home2 Suites (2 ) 4/30/2020 (3) 10,852 - 10,275 Colorado Springs, CO Hampton 6.25 % 9/1/2016 (4) 7,923 - 7,317 Franklin, TN Courtyard 6.25 % 9/1/2016 (4) 14,679 - 13,563 Franklin, TN Residence Inn 6.25 % 9/1/2016 (4) 14,679 - 13,563 Seattle, WA (5) 4.00 % 8/16/2021 8/16/2022 56,000 56,000 - Grapevine, TX Hilton Garden Inn 4.89 % 8/29/2012 9/1/2022 11,810 9,167 9,434 Collegeville/Philadelphia, PA Courtyard 4.89 % 8/30/2012 9/1/2022 12,650 9,818 10,105 Hattiesburg, MS Courtyard 5.00 % 3/1/2014 9/1/2022 5,732 4,596 4,729 Kirkland, WA Courtyard 5.00 % 3/1/2014 9/1/2022 12,145 9,737 10,018 Rancho Bernardo/San Diego, CA Courtyard 5.00 % 3/1/2014 9/1/2022 15,060 12,074 12,422 Seattle, WA Residence Inn 4.96 % 3/1/2014 9/1/2022 28,269 22,638 23,294 Anchorage, AK Embassy Suites 4.97 % 9/13/2012 10/1/2022 23,230 18,139 18,660 Somerset, NJ Courtyard 4.73 % 3/1/2014 10/6/2022 8,750 6,973 7,179 Tukwila, WA Homewood Suites 4.73 % 3/1/2014 10/6/2022 9,431 7,516 7,737 Huntsville, AL Homewood Suites 4.12 % 3/1/2014 2/6/2023 8,306 6,542 6,742 Prattville, AL Courtyard 4.12 % 3/1/2014 2/6/2023 6,596 5,195 5,354 San Diego, CA Residence Inn 3.97 % 3/1/2014 3/6/2023 18,600 14,610 15,061 Miami, FL Homewood Suites 4.02 % 3/1/2014 4/1/2023 16,677 13,136 13,537 New Orleans, LA Homewood Suites 4.36 % 7/17/2014 8/11/2024 27,000 22,181 22,766 Westford, MA Residence Inn 4.28 % 3/18/2015 4/11/2025 10,000 8,393 8,605 Denver, CO Hilton Garden Inn 4.46 % 9/1/2016 6/11/2025 34,118 29,663 30,387 Oceanside, CA Courtyard 4.28 % 9/1/2016 10/1/2025 13,655 12,391 12,605 Omaha, NE Hilton Garden Inn 4.28 % 9/1/2016 10/1/2025 22,682 20,581 20,936 Boise, ID Hampton 4.37 % 5/26/2016 6/11/2026 24,000 21,799 22,146 Burbank, CA Courtyard 3.55 % 11/3/2016 12/1/2026 25,564 22,482 23,315 San Diego, CA Courtyard 3.55 % 11/3/2016 12/1/2026 25,473 22,402 23,232 San Diego, CA Hampton 3.55 % 11/3/2016 12/1/2026 18,963 16,677 17,295 Burbank, CA SpringHill Suites 3.94 % 3/9/2018 4/1/2028 28,470 26,264 27,078 Santa Ana, CA Courtyard 3.94 % 3/9/2018 4/1/2028 15,530 14,326 14,770 Richmond, VA Courtyard 3.40 % 2/12/2020 3/11/2030 14,950 14,521 14,739 Richmond, VA Residence Inn 3.40 % 2/12/2020 3/11/2030 14,950 14,521 14,739 Portland, ME Residence Inn 3.43 % 3/2/2020 4/1/2030 33,500 33,500 33,500 San Jose, CA Homewood Suites 4.22 % 12/22/2017 5/1/2038 30,000 26,579 27,392 $ 631,096 502,421 512,770 Unamortized fair value adjustment of assumed debt 1,070 1,624 Unamortized debt issuance costs (1,575 ) (1,848 ) Total $ 501,916 $ 512,546 (1) Interest rates are the rates per the loan agreement. For loans assumed, the Company adjusted the interest rates per the loan agreement to market rates and is amortizing the adjustments to interest expense over the life of the loan. ( 2 ) Interest rate was variable based on one-month LIBOR plus 3.00%. As of April 12, 2021, the date the loan was fully repaid, the interest rate was 3.11%. In July 2020, the principal amount of the note was reduced by approximately $1.1 million representing a credit from the developer for shared construction savings. (3) Loan was repaid in full on April 12, 2021. (4) Loan was repaid in full on June 4, 2021. ( 5 ) On August 16, 2021, the Company acquired the fee interest in the land at the Seattle, Washington Residence Inn, previously held under a finance ground lease, for a purchase price of $80.0 million, consisting of a $24.0 million cash payment and a one-year

Fair Value of Financial Instr_2

Fair Value of Financial Instruments (Tables)	9 Months Ended
	Sep. 30, 2021
Fair Value Disclosures [Abstract]
Schedule of Interest Rate Swap Agreements	The following table sets forth information for each of the Company’s interest rate swap agreements outstanding as of September 30, 2021 and December 31, 2020. All dollar amounts are in thousands. Fair Value Asset (Liability) Notional Amount at September 30, 2021 Origination Date Effective Date Maturity Date Swap Fixed Interest Rate September 30, 2021 December 31, 2020 Active interest rate swaps designated as cash flow hedges at September 30, 2021: 100,000 4/7/2016 9/30/2016 3/31/2023 1.33% $ (1,690 ) $ (2,681 ) 75,000 5/31/2017 7/31/2017 6/30/2024 1.96% (3,022 ) (4,639 ) 10,000 8/10/2017 8/10/2017 6/30/2024 2.01% (416 ) (636 ) 50,000 6/1/2018 1/31/2019 6/30/2025 2.89% (4,065 ) (5,911 ) 50,000 7/2/2019 7/5/2019 7/18/2024 1.65% (1,610 ) (2,593 ) 50,000 8/21/2019 8/23/2019 8/18/2024 1.32% (1,141 ) (2,036 ) 50,000 8/21/2019 8/23/2019 8/30/2024 1.32% (1,143 ) (2,049 ) 85,000 12/31/2019 12/31/2019 12/31/2029 1.86% (3,978 ) (8,677 ) 25,000 12/6/2018 1/31/2020 6/30/2025 2.75% (1,904 ) (2,801 ) 50,000 12/7/2018 5/18/2020 1/31/2024 2.72% (2,736 ) (3,967 ) 75,000 8/21/2019 5/18/2020 5/18/2025 1.27% (1,536 ) (3,294 ) 75,000 7/31/2020 8/18/2020 8/18/2022 0.13% (8 ) 14 75,000 8/21/2019 5/18/2021 5/18/2026 1.30% (1,401 ) (3,415 ) 770,000 (24,650 ) (42,685 ) Matured interest rate swap at September 30, 2021: $ 50,000 4/7/2016 9/30/2016 3/31/2021 1.09% - (117 ) $ (24,650 ) $ (42,802 )
Derivative Instruments, Gain (Loss) Recognized	The following table presents the effect of derivative instruments in cash flow hedging relationships in the Company’s consolidated statements of operations and comprehensive income (loss) for the three and nine months ended September 30, 2021 and 2020 (in thousands): Net Unrealized Gain Recognized in Other Comprehensive Income (Loss) Net Unrealized Loss Reclassified from Accumulated Other Comprehensive Income (Loss) to Interest and Other Expense, net Three Months Ended September 30, Three Months Ended September 30, 2021 2020 2021 2020 Interest rate derivatives in cash flow hedging relationships $ 478 $ 33 $ (2,948 ) $ (2,706 ) Net Unrealized Gain (Loss) Recognized in Other Comprehensive Income (Loss) Net Unrealized Loss Reclassified from Accumulated Other Comprehensive Income (Loss) to Interest and Other Expense, net Nine Months Ended September 30, Nine Months Ended September 30, 2021 2020 2021 2020 Interest rate derivatives in cash flow hedging relationships $ 9,714 $ (48,628 ) $ (8,438 ) $ (5,006 )

Compensation Plans (Tables)

Compensation Plans (Tables)	9 Months Ended
	Sep. 30, 2021
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]
Information Pertaining to Share-based Compensation Issued	The following table sets forth information pertaining to the share-based compensation issued under the 2020 Incentive Plan and the incentive plan for 2019 (the “2019 Incentive Plan”). 2020 Incentive Plan 2019 Incentive Plan Period common shares issued First Quarter 2021 First Quarter 2020 Common shares earned under each incentive plan 555,726 665,552 Common shares surrendered on issuance date to satisfy tax withholding obligations 117,647 60,616 Common shares earned and issued under each incentive plan, net of common shares surrendered on issuance date to satisfy tax withholding obligations 438,079 604,936 Closing stock price on issuance date $ 14.03 $ 13.01 Total share-based compensation earned, including the surrendered shares (in millions) $ 7.8 (1) $ 8.7 (2) Of the total common shares earned and issued, total common shares unrestricted at time of issuance 160,216 426,553 Of the total common shares earned and issued, total common shares restricted at time of issuance 277,863 178,383 Restricted common shares vesting date December 10, 2021 December 11, 2020 Common shares surrendered on vesting date to satisfy tax withholding requirements resulting from vesting of restricted common shares n/a 60,066 (1) Of the total 2020 December 31, 2020 December 31, 2020 (2) Of the total 2019 share-based compensation, approximately $1.2 million, which vested on December 11, 2020 2020

Organization and Summary of S_3

Organization and Summary of Significant Accounting Policies - Additional Information (Details)	9 Months Ended
	Sep. 30, 2021SegmentHotelRoomState
Accounting Policies [Abstract]
Number of reportable segments | Segment	1
Number of hotels | Hotel	215
Aggregate number of hotel rooms | Room	28,085
Number of states in which hotels are located | State	35

Investment In Real Estate - Sch

Investment In Real Estate - Schedule of Investment in Real Estate (Details) - USD ($) $ in Thousands	Sep. 30, 2021	Dec. 31, 2020
Property Plant And Equipment [Line Items]
Real estate investment property, at cost	$ 5,807,546	$ 5,968,594
Less accumulated depreciation and amortization	(1,266,122)	(1,235,698)
Investment in real estate, net	4,541,424	4,732,896
Land [Member]
Property Plant And Equipment [Line Items]
Real estate investment property, at cost	771,639	725,512
Building and Improvements [Member]
Property Plant And Equipment [Line Items]
Real estate investment property, at cost	4,441,034	4,525,850
Furniture, Fixtures and Equipment [Member]
Property Plant And Equipment [Line Items]
Real estate investment property, at cost	475,807	499,865
Finance Ground Lease Assets [Member]
Property Plant And Equipment [Line Items]
Real estate investment property, at cost	102,084	203,617
Franchise Fees [Member]
Property Plant And Equipment [Line Items]
Real estate investment property, at cost	$ 16,982	$ 13,750

Investment in Real Estate - Add

Investment in Real Estate - Additional Information (Details) $ in Thousands	Aug. 16, 2021USD ($)	Apr. 30, 2020USD ($)	Jul. 31, 2020USD ($)	Sep. 30, 2021USD ($)HotelRoomStateContract		Sep. 30, 2020USD ($)Hotel	Sep. 30, 2021USD ($)HotelRoomStateContract		Sep. 30, 2020USD ($)Hotel	Dec. 31, 2020USD ($)HotelRoom	Jun. 30, 2021Hotel
Investment In Real Estate [Line Items]
Number of hotels | Hotel				215			215
Aggregate number of hotel rooms | Room				28,085			28,085
Number of states in which hotels are located | State				35			35
Total revenue				$ 277,164		$ 148,826	$ 683,281		$ 467,914
Operating income (loss)				47,850		$ (22,356)	59,024		(69,212)
Cash payment							197,228		$ 88,687
Finance lease liabilities				111,706			111,706			$ 219,981
Residence Inn, Seattle, Washington [Member]
Investment In Real Estate [Line Items]
Note payable term	1 year
Note payable, frequency of periodic payment	monthly
Cash payment	$ 24,000
Note payable, principal assumed or originated	56,000			$ 56,000	[1]		$ 56,000	[1]
Purchase price	$ 80,000
Note payable, fixed annual interest rate	4.00%			4.00%	[1],[2]		4.00%	[1],[2]
Adjustment to carrying amount of acquired land for land purchase accounted for retirement of finance lease	$ 16,600
Finance lease net right-of-use asset	94,500
Finance lease liabilities	$ 111,100
Hotel Acquisitions [Member]
Investment In Real Estate [Line Items]
Number of hotels | Hotel				4		4	4		4	4	4
Aggregate number of hotel rooms | Room				641			641			483
Total revenue							$ 5,800		$ 1,500
Operating income (loss)							700		$ (900)
Purchase price							$ 197,499			$ 111,292
Hotel Acquisitions [Member] | Hampton and Home2 Suites Cape Canaveral, FL [Member]
Investment In Real Estate [Line Items]
Payments to acquire real estate		$ 25,000
Note payable term		1 year
Note payable, face amount		$ 21,700
Note payable, frequency of periodic payment							monthly
Notes payable, description of variable rate basis							one-month LIBOR
Debt instrument value reduced from developer for construction savings			$ 1,100
Hotel Acquisitions [Member] | Hampton and Home2 Suites Cape Canaveral, FL [Member] | London Interbank Offered Rate (LIBOR) [Member] | Variable Interest Rate for the First Six Months of Loan [Member]
Investment In Real Estate [Line Items]
Margin added to reference rate		2.00%
Hotel Acquisitions [Member] | Hampton and Home2 Suites Cape Canaveral, FL [Member] | London Interbank Offered Rate (LIBOR) [Member] | Variable Interest Rate for the Last Six Months of Loan [Member]
Investment In Real Estate [Line Items]
Margin added to reference rate		3.00%
Hotel Purchase Contract Commitments [Member]
Investment In Real Estate [Line Items]
Number of hotels | Contract				5			5
Aggregate number of hotel rooms | Room				922			922
Purchase price							$ 242,598
Purchase contract gross purchase price				$ 242,600			$ 242,600
Number of hotels to be acquired | Hotel							4
Hotel Purchase Contract Commitments [Member] | Construction in Progress
Investment In Real Estate [Line Items]
Number of hotels to be acquired | Hotel							1
[1]	On August 16, 2021, the Company acquired the fee interest in the land at the Seattle, Washington Residence Inn, previously held under a finance ground lease, for a purchase price of $80.0 million, consisting of a $24.0 million cash payment and a one-year
[2]	Interest rates are the rates per the loan agreement. For loans assumed, the Company adjusted the interest rates per the loan agreement to market rates and is amortizing the adjustments to interest expense over the life of the loan.

Investment in Real Estate - S_2

Investment in Real Estate - Schedule of Hotel Acquisitions (Details) $ in Thousands	9 Months Ended	12 Months Ended
	Sep. 30, 2021USD ($)Room	Dec. 31, 2020USD ($)Room
Real Estate Properties [Line Items]
Rooms	28,085
Hotel Acquisitions [Member]
Real Estate Properties [Line Items]
Rooms	641	483
Gross Purchase Price | $	$ 197,499	$ 111,292
Hilton Garden Inn Madison, WI [Member] | Hotel Acquisitions [Member]
Real Estate Properties [Line Items]
Manager	Raymond
Date Acquired	Feb. 18, 2021
Rooms	176
Gross Purchase Price | $	$ 49,599
AC Hotels Portland, ME [Member] | Hotel Acquisitions [Member]
Real Estate Properties [Line Items]
Manager	Crestline
Date Acquired	Aug. 20, 2021
Rooms	178
Gross Purchase Price | $	$ 66,750
Hyatt Place Greenville, SC [Member] | Hotel Acquisitions [Member]
Real Estate Properties [Line Items]
Manager	Crestline
Date Acquired	Sep. 1, 2021
Rooms	130
Gross Purchase Price | $	$ 30,000
Aloft Portland, ME [Member] | Hotel Acquisitions [Member]
Real Estate Properties [Line Items]
Manager	Crestline
Date Acquired	Sep. 10, 2021
Rooms	157
Gross Purchase Price | $	$ 51,150
Hampton Cape Canaveral, FL [Member] | Hotel Acquisitions [Member]
Real Estate Properties [Line Items]
Manager		LBA
Date Acquired		Apr. 30, 2020
Rooms		116
Gross Purchase Price | $		$ 24,102
Home2 Suites Cape Canaveral, FL [Member] | Hotel Acquisitions [Member]
Real Estate Properties [Line Items]
Manager		LBA
Date Acquired		Apr. 30, 2020
Rooms		108
Gross Purchase Price | $		$ 22,602
Hyatt House Tempe, AZ [Member] | Hotel Acquisitions [Member]
Real Estate Properties [Line Items]
Manager		Crestline
Date Acquired		Aug. 13, 2020
Rooms		105
Gross Purchase Price | $		$ 26,309
Hyatt Place Tempe, AZ [Member] | Hotel Acquisitions [Member]
Real Estate Properties [Line Items]
Manager		Crestline
Date Acquired		Aug. 13, 2020
Rooms		154
Gross Purchase Price | $		$ 38,279

Investment in Real Estate - S_3

Investment in Real Estate - Schedule of Purchase Contract Outstanding (Details) $ in Thousands	9 Months Ended
	Sep. 30, 2021USD ($)Room
Real Estate Properties [Line Items]
Aggregate number of hotel rooms | Room	28,085
Hotel Purchase Contract Commitments [Member]
Real Estate Properties [Line Items]
Aggregate number of hotel rooms | Room	922
Refundable Deposits	$ 1,943
Gross Purchase Price	$ 242,598
Hotel Purchase Contract Commitments [Member] | Embassy Suites, Madison, WI [Member]
Real Estate Properties [Line Items]
Date of Purchase Contract	Jul. 27, 2021
Aggregate number of hotel rooms | Room	260
Refundable Deposits	$ 893
Gross Purchase Price	$ 78,598
Hotel Purchase Contract Commitments [Member] | Hilton Garden Inn, Memphis, TN [Member]
Real Estate Properties [Line Items]
Date of Purchase Contract	Aug. 27, 2021
Aggregate number of hotel rooms | Room	150
Refundable Deposits	$ 300
Gross Purchase Price	$ 38,000
Hotel Purchase Contract Commitments [Member] | Hilton Garden Inn, Fort Worth, TX [Member]
Real Estate Properties [Line Items]
Date of Purchase Contract	Sep. 2, 2021
Aggregate number of hotel rooms | Room	157
Refundable Deposits	$ 176
Gross Purchase Price	$ 29,500
Hotel Purchase Contract Commitments [Member] | Homewood Suites, Fort Worth, TX [Member]
Real Estate Properties [Line Items]
Date of Purchase Contract	Sep. 2, 2021
Aggregate number of hotel rooms | Room	112
Refundable Deposits	$ 128
Gross Purchase Price	$ 21,500
Hotel Purchase Contract Commitments [Member] | Hampton, Portland, OR [Member]
Real Estate Properties [Line Items]
Date of Purchase Contract	Sep. 2, 2021
Aggregate number of hotel rooms | Room	243
Refundable Deposits	$ 446
Gross Purchase Price	$ 75,000

Dispositions - Additional Infor

Dispositions - Additional Information (Details) $ in Thousands	1 Months Ended		3 Months Ended			6 Months Ended	9 Months Ended		12 Months Ended	21 Months Ended
	Apr. 30, 2021USD ($)	Feb. 28, 2021USD ($)	Sep. 30, 2021USD ($)HotelRoom	Mar. 31, 2021USD ($)Hotel	Sep. 30, 2020USD ($)	Jun. 30, 2020USD ($)RoomContract	Sep. 30, 2021USD ($)HotelRoomTransaction	Sep. 30, 2020USD ($)	Dec. 31, 2020USD ($)HotelTransaction	Sep. 30, 2021USD ($)HotelRoom
Income Statement Balance Sheet And Additional Disclosures By Disposal Groups Including Discontinued Operations [Line Items]
Number of hotels | Hotel			215				215			215
Gain (Loss) on Disposition of Assets			$ 44		$ 0		$ 3,664	$ 8,785
Loss on impairment of depreciable real estate assets			$ 0		$ 0		$ 10,754	4,382
Aggregate number of hotel rooms | Room			28,085				28,085			28,085
Hotels Sold [Member]
Income Statement Balance Sheet And Additional Disclosures By Disposal Groups Including Discontinued Operations [Line Items]
Number of hotels | Hotel			23				23		3	23
Number of Separate Transactions | Transaction							4
Sale of Real Estate Assets, Gross Sales Price							$ 234,600		$ 55,300
Gain (Loss) on Disposition of Assets							3,700		10,900
Real Estate Investment, Carrying Value			$ 227,200				227,200		$ 43,800	$ 227,200
Number of Transactions | Transaction									3
Hotels Sold [Member] | SpringHill Suites Overland Park, KS [Member]
Income Statement Balance Sheet And Additional Disclosures By Disposal Groups Including Discontinued Operations [Line Items]
Sale of Real Estate Assets, Gross Sales Price		$ 5,300
Loss on impairment of depreciable real estate assets				$ 1,300
Hotels Sold [Member] | Homewood Suites Memphis, TN [Member]
Income Statement Balance Sheet And Additional Disclosures By Disposal Groups Including Discontinued Operations [Line Items]
Sale of Real Estate Assets, Gross Sales Price						$ 9,000
Loss on impairment of depreciable real estate assets						$ 4,400
Number of purchase contracts | Contract						1
Aggregate number of hotel rooms | Room						140
Hotels Sold [Member]
Income Statement Balance Sheet And Additional Disclosures By Disposal Groups Including Discontinued Operations [Line Items]
Operating (loss), excluding gain (loss) on sale of real estate							$ (6,800)	$ (6,700)
Number of hotels | Hotel										26
Hotel Sale Contracts and Loss on Impairment of Depreciable Real Estate Assets [Member]
Income Statement Balance Sheet And Additional Disclosures By Disposal Groups Including Discontinued Operations [Line Items]
Number of hotels | Hotel				20
Purchase, gross sales price	$ 211,000
Loss on impairment of depreciable real estate assets				$ 9,400

Dispositions - Schedule of Hote

Dispositions - Schedule of Hotels Sold (Details) - Room	9 Months Ended	12 Months Ended
	Sep. 30, 2021	Dec. 31, 2020
Income Statement Balance Sheet And Additional Disclosures By Disposal Groups Including Discontinued Operations [Line Items]
Rooms	2,493	421
Homewood Suites Charlotte, NC [Member]
Income Statement Balance Sheet And Additional Disclosures By Disposal Groups Including Discontinued Operations [Line Items]
Date Sold	Feb. 25, 2021
Rooms	118
Homewood Suites Memphis, TN [Member]
Income Statement Balance Sheet And Additional Disclosures By Disposal Groups Including Discontinued Operations [Line Items]
Date Sold	Mar. 16, 2021
Rooms	140
SpringHill Suites Overland Park, KS [Member]
Income Statement Balance Sheet And Additional Disclosures By Disposal Groups Including Discontinued Operations [Line Items]
Date Sold	Apr. 30, 2021
Rooms	102
Hilton Garden Inn Montgomery,AL [Member]
Income Statement Balance Sheet And Additional Disclosures By Disposal Groups Including Discontinued Operations [Line Items]
Date Sold	Jul. 22, 2021
Rooms	97
Homewood Suites Montgomery, AL [Member]
Income Statement Balance Sheet And Additional Disclosures By Disposal Groups Including Discontinued Operations [Line Items]
Date Sold	Jul. 22, 2021
Rooms	91
Residence Inn Rogers, AR [Member]
Income Statement Balance Sheet And Additional Disclosures By Disposal Groups Including Discontinued Operations [Line Items]
Date Sold	Jul. 22, 2021
Rooms	88
Courtyard Phoenix, AZ [Member]
Income Statement Balance Sheet And Additional Disclosures By Disposal Groups Including Discontinued Operations [Line Items]
Date Sold	Jul. 22, 2021
Rooms	127
Courtyard Lakeland, FL [Member]
Income Statement Balance Sheet And Additional Disclosures By Disposal Groups Including Discontinued Operations [Line Items]
Date Sold	Jul. 22, 2021
Rooms	78
Fairfield Albany, GA [Member]
Income Statement Balance Sheet And Additional Disclosures By Disposal Groups Including Discontinued Operations [Line Items]
Date Sold	Jul. 22, 2021
Rooms	87
Hilton Garden Inn Schaumburg, IL [Member]
Income Statement Balance Sheet And Additional Disclosures By Disposal Groups Including Discontinued Operations [Line Items]
Date Sold	Jul. 22, 2021
Rooms	166
SpringHill Suites Andover, MA [Member]
Income Statement Balance Sheet And Additional Disclosures By Disposal Groups Including Discontinued Operations [Line Items]
Date Sold	Jul. 22, 2021
Rooms	136
Residence Inn Fayetteville, NC [Member]
Income Statement Balance Sheet And Additional Disclosures By Disposal Groups Including Discontinued Operations [Line Items]
Date Sold	Jul. 22, 2021
Rooms	92
Residence Inn Greenville, SC [Member]
Income Statement Balance Sheet And Additional Disclosures By Disposal Groups Including Discontinued Operations [Line Items]
Date Sold	Jul. 22, 2021
Rooms	78
Hampton Jackson, TN [Member]
Income Statement Balance Sheet And Additional Disclosures By Disposal Groups Including Discontinued Operations [Line Items]
Date Sold	Jul. 22, 2021
Rooms	85
Courtyard Johnson City, TN [Member]
Income Statement Balance Sheet And Additional Disclosures By Disposal Groups Including Discontinued Operations [Line Items]
Date Sold	Jul. 22, 2021
Rooms	90
Hampton Allen, TX [Member]
Income Statement Balance Sheet And Additional Disclosures By Disposal Groups Including Discontinued Operations [Line Items]
Date Sold	Jul. 22, 2021
Rooms	103
Hilton Garden Inn Allen, TX [Member]
Income Statement Balance Sheet And Additional Disclosures By Disposal Groups Including Discontinued Operations [Line Items]
Date Sold	Jul. 22, 2021
Rooms	150
Residence Inn Beaumont, TX [Member]
Income Statement Balance Sheet And Additional Disclosures By Disposal Groups Including Discontinued Operations [Line Items]
Date Sold	Jul. 22, 2021
Rooms	133
Hampton Burleson/FortWorth, TX [Member]
Income Statement Balance Sheet And Additional Disclosures By Disposal Groups Including Discontinued Operations [Line Items]
Date Sold	Jul. 22, 2021
Rooms	88
Hilton Garden Inn El Paso, TX [Member]
Income Statement Balance Sheet And Additional Disclosures By Disposal Groups Including Discontinued Operations [Line Items]
Date Sold	Jul. 22, 2021
Rooms	145
Homewood Suites Irving, TX [Member]
Income Statement Balance Sheet And Additional Disclosures By Disposal Groups Including Discontinued Operations [Line Items]
Date Sold	Jul. 22, 2021
Rooms	77
SpringHill Suites Richmond, VA [Member]
Income Statement Balance Sheet And Additional Disclosures By Disposal Groups Including Discontinued Operations [Line Items]
Date Sold	Jul. 22, 2021
Rooms	103
SpringHill Suites Vancouver, WA [Member]
Income Statement Balance Sheet And Additional Disclosures By Disposal Groups Including Discontinued Operations [Line Items]
Date Sold	Jul. 22, 2021
Rooms	119
SpringHill Suites Sanford, FL [Member]
Income Statement Balance Sheet And Additional Disclosures By Disposal Groups Including Discontinued Operations [Line Items]
Date Sold		Jan. 16, 2020
Rooms		105
SpringHill Suites Boise, ID [Member]
Income Statement Balance Sheet And Additional Disclosures By Disposal Groups Including Discontinued Operations [Line Items]
Date Sold		Feb. 27, 2020
Rooms		230
Hampton Tulare, CA [Member]
Income Statement Balance Sheet And Additional Disclosures By Disposal Groups Including Discontinued Operations [Line Items]
Date Sold		Dec. 30, 2020
Rooms		86

Debt - Schedule of Debt (Detail

Debt - Schedule of Debt (Details) - USD ($) $ in Thousands	Sep. 30, 2021	Dec. 31, 2020
Debt Disclosure [Abstract]
Revolving credit facility		$ 105,800
Term loans and senior notes, net	$ 864,705	864,225
Mortgage debt, net	501,916	512,546
Debt, net	$ 1,366,621	$ 1,482,571

Debt - Schedule of Future Minim

Debt - Schedule of Future Minimum Debt Payments (Details) - USD ($) $ in Thousands	Sep. 30, 2021	Dec. 31, 2020
Debt Disclosure [Abstract]
2021 (October - December)	$ 4,375
2022	165,831
2023	296,213
2024	338,597
2025	245,140
Thereafter	322,265
Debt, gross	1,372,421	$ 1,488,570
Unamortized fair value adjustment of assumed debt	1,070
Unamortized debt issuance costs	(6,870)
Debt, net	$ 1,366,621	$ 1,482,571

Debt - Schedule of Total Fixed-

Debt - Schedule of Total Fixed-Rate and Variable Rate Debt (Details) - USD ($) $ in Thousands		Sep. 30, 2021	Dec. 31, 2020
Debt Disclosure [Abstract]
Fixed-rate debt	[1]	$ 1,322,421	$ 1,287,219
Variable-rate debt		50,000	201,351
Debt, gross		$ 1,372,421	$ 1,488,570
Weighted-average interest rate of debt		3.47%	3.86%
Fixed-rate debt, Percentage	[1]	96.00%	86.00%
Variable-rate debt, Percentage		4.00%	14.00%
[1]	Fixed-rate debt includes the portion of variable-rate debt where the interest payments have been effectively fixed by interest rate swaps as of the respective balance sheet date. See Note 5

Debt - Additional Information (

Debt - Additional Information (Details)	Mar. 16, 2020USD ($)	Dec. 31, 2019USD ($)Loan	Jul. 25, 2017USD ($)Loan	Sep. 30, 2021USD ($)LoanHotel_Property	Mar. 01, 2021	Dec. 31, 2020USD ($)
Debt Details [Line Items]
Outstanding debt				$ 1,372,421,000		$ 1,488,570,000
2017 $85 Million Unsecured Term Loan Facility [Member]
Debt Details [Line Items]
Number of term loans | Loan			1
Debt instrument, face amount			$ 85,000,000
Debt instrument, maturity date			Jul. 25, 2024
Debt instrument, description of variable rate basis				one-month LIBOR
2019 $85 Million Unsecured Term Loan Facility [Member]
Debt Details [Line Items]
Number of term loans | Loan		1
Debt instrument, face amount		$ 85,000,000
Debt instrument, maturity date		Dec. 31, 2029
Debt instrument, description of variable rate basis				one-month LIBOR
$50 Million Senior Notes [Member]
Debt Details [Line Items]
Debt instrument, face amount	$ 50,000,000
Debt instrument, maturity date	Mar. 31, 2030
Mortgage Debt [Member]
Debt Details [Line Items]
Debt instrument, maturity date, description				maturity dates ranging from August 2022 to May 2038
Outstanding debt				$ 502,400,000
Number of hotel properties used to secure debt | Hotel_Property				28
Mortgage Debt [Member] | London Interbank Offered Rate (LIBOR) [Member]
Debt Details [Line Items]
Debt instrument, basis spread on variable rate				3.00%
Minimum [Member] | 2017 $85 Million Unsecured Term Loan Facility [Member] | LIBOR Interest Rate Margin [Member]
Debt Details [Line Items]
Debt instrument, basis spread on variable rate				1.30%
Minimum [Member] | 2019 $85 Million Unsecured Term Loan Facility [Member] | London Interbank Offered Rate (LIBOR) [Member]
Debt Details [Line Items]
Debt instrument, basis spread on variable rate				1.70%
Minimum [Member] | $50 Million Senior Notes [Member]
Debt Details [Line Items]
Note payable, fixed annual interest rate				3.60%
Minimum [Member] | Mortgage Debt [Member]
Debt Details [Line Items]
Note payable, fixed annual interest rate				3.40%
Effective interest rates				3.40%
Maximum [Member] | 2017 $85 Million Unsecured Term Loan Facility [Member] | LIBOR Interest Rate Margin [Member]
Debt Details [Line Items]
Debt instrument, basis spread on variable rate				2.10%
Maximum [Member] | 2019 $85 Million Unsecured Term Loan Facility [Member] | London Interbank Offered Rate (LIBOR) [Member]
Debt Details [Line Items]
Debt instrument, basis spread on variable rate				2.55%
Maximum [Member] | $50 Million Senior Notes [Member]
Debt Details [Line Items]
Note payable, fixed annual interest rate				4.35%
Maximum [Member] | Mortgage Debt [Member]
Debt Details [Line Items]
Note payable, fixed annual interest rate				5.00%
Effective interest rates				4.97%
Line of Credit [Member]
Debt Details [Line Items]
Loan amendment description				As a result of COVID-19 and the associated disruption to the Company’s operating results, the Company entered into amendments in June 2020 that suspended the testing of the Company’s existing financial maintenance covenants under the unsecured credit facilities. These amendments imposed certain restrictions regarding the Company’s investing and financing activities that were applicable during a specified waiver period, including, but not limited to, limitations on the acquisition of property, payment of distributions to shareholders, capital expenditures and use of proceeds from the sale of property or common shares of the Company, that applied during such testing suspension period. On March 1, 2021, as a result of the continued disruption from COVID-19 and the related uncertainty with respect to the Company’s future operating results, the Company entered into further amendments to each of the unsecured credit facilities (the “March 2021 amendments”) to extend the covenant waiver period for all but two of the Company’s existing financial maintenance covenants until the date that the compliance certificate was required to be delivered for the fiscal quarter ending June 30, 2022 (unless the Company elected an earlier date) (the “Extended Covenant Waiver Period”). The testing for the Minimum Fixed Charge Coverage Ratio and the Minimum Unsecured Interest Coverage Ratio was suspended until the compliance certificate was required to be delivered for the fiscal quarter ending March 31, 2022 (unless the Company elected an earlier date).
Unsecured Credit Facility
Debt Details [Line Items]
Maximum consolidated leverage ratio for first two fiscal quarters					8.50
Maximum consolidated leverage ratio for third and fourth fiscal quarters					8
Maximum consolidated leverage ratio for fifth fiscal quarters					7.50
Maximum consolidated leverage ratio thereafter					6.50
Minimum fixed charge coverage ratio for fiscal quarter one					1.05
Minimum fixed charge coverage ratio for fiscal quarter two					1.25
Minimum fixed charge coverage ratio for fiscal quarter thereafter					1.50
Minimum unsecured interest coverage ratio for fiscal quarter one					1.25
Minimum unsecured interest coverage ratio for fiscal quarter two					1.50
Minimum unsecured interest coverage ratio for fiscal quarter three					1.75
Minimum unsecured interest coverage ratio for fiscal quarter thereafter					2
Percentage of maximum unsecured leverage ratio for two fiscal quarter					65.00%
Percentage of maximum unsecured leverage ratio for thereafter					60.00%
$850 Million Unsecured Credit Facility [Member]
Debt Details [Line Items]
Line of credit facility, maximum borrowing capacity				$ 850,000,000
Debt instrument, description of variable rate basis				one-month LIBOR
$850 Million Unsecured Credit Facility [Member] | $425 Million Unsecured Revolving Credit Facility [Member]
Debt Details [Line Items]
Line of credit facility, maximum borrowing capacity				$ 425,000,000
Line of credit facility, expiration date				Jul. 27, 2022
Debt instrument, maturity date, description				maturity date may be extended up to one year
Debt instrument extended maturity date term				1 year
Line of credit facility, remaining borrowing capacity				$ 425,000,000
$850 Million Unsecured Credit Facility [Member] | Million 425 Unsecured Term Loan Facility [Member]
Debt Details [Line Items]
Term loan facility, maximum borrowing capacity				$ 425,000,000
Number of term loans | Loan				2
$850 Million Unsecured Credit Facility [Member] | Million 425 Unsecured Term Loan Facility [Member] | $200 Million Unsecured Term Loan [Member]
Debt Details [Line Items]
Debt instrument, face amount				$ 200,000,000
Debt instrument, maturity date				Jul. 27, 2023
$850 Million Unsecured Credit Facility [Member] | Million 425 Unsecured Term Loan Facility [Member] | $225 Million Unsecured Term Loan [Member]
Debt Details [Line Items]
Debt instrument, face amount				$ 225,000,000
Debt instrument, maturity date				Jan. 31, 2024
$850 Million Unsecured Credit Facility [Member] | Minimum [Member] | London Interbank Offered Rate (LIBOR) [Member]
Debt Details [Line Items]
Debt instrument, basis spread on variable rate				1.35%
$850 Million Unsecured Credit Facility [Member] | Minimum [Member] | $425 Million Unsecured Revolving Credit Facility [Member]
Debt Details [Line Items]
Line of credit facility, unused capacity, commitment fee percentage				0.20%
$850 Million Unsecured Credit Facility [Member] | Maximum [Member] | London Interbank Offered Rate (LIBOR) [Member]
Debt Details [Line Items]
Debt instrument, basis spread on variable rate				2.25%
$850 Million Unsecured Credit Facility [Member] | Maximum [Member] | $425 Million Unsecured Revolving Credit Facility [Member]
Debt Details [Line Items]
Line of credit facility, unused capacity, commitment fee percentage				0.25%
$225 Million Unsecured Term Loan Facility [Member]
Debt Details [Line Items]
Term loan facility, maximum borrowing capacity				$ 225,000,000
Debt instrument, description of variable rate basis				one-month LIBOR
$225 Million Unsecured Term Loan Facility [Member] | $50 Million Unsecured Term Loan [Member]
Debt Details [Line Items]
Debt instrument, face amount				$ 50,000,000
Debt instrument, maturity date				Aug. 2, 2023
$225 Million Unsecured Term Loan Facility [Member] | $175 Million Unsecured Term Loan [Member]
Debt Details [Line Items]
Debt instrument, face amount				$ 175,000,000
Debt instrument, maturity date				Aug. 2, 2025
$225 Million Unsecured Term Loan Facility [Member] | Minimum [Member] | London Interbank Offered Rate (LIBOR) [Member]
Debt Details [Line Items]
Debt instrument, basis spread on variable rate				1.35%
$225 Million Unsecured Term Loan Facility [Member] | Maximum [Member] | London Interbank Offered Rate (LIBOR) [Member]
Debt Details [Line Items]
Debt instrument, basis spread on variable rate				2.50%

Debt - Schedule of Unsecured Cr

Debt - Schedule of Unsecured Credit Facilities (Details) - USD ($) $ in Thousands		9 Months Ended
		Sep. 30, 2021	Dec. 31, 2020
Debt Instrument [Line Items]
Outstanding Balance		$ 1,372,421	$ 1,488,570
Revolving credit facility outstanding balance			105,800
Unamortized debt issuance costs		(6,870)
Term loans and senior notes, net		864,705	864,225
Credit facilities, net		$ 1,366,621	$ 1,482,571
Weighted-average interest rate		3.47%	3.86%
Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Interest Rate, Description	[1],[2]	LIBOR + 1.40% - 2.25%
Maturity Date	[1],[3]	Jul. 27, 2022
Revolving credit facility outstanding balance	[1]		$ 105,800
Revolving Credit Facility [Member] | LIBOR [Member] | Minimum [Member]
Debt Instrument [Line Items]
Basis Spread on Variable Rate	[1],[2]	1.40%
Revolving Credit Facility [Member] | LIBOR [Member] | Maximum [Member]
Debt Instrument [Line Items]
Basis Spread on Variable Rate	[1],[2]	2.25%
$200 Million Term Loan [Member]
Debt Instrument [Line Items]
Interest Rate, Description	[2]	LIBOR + 1.35% - 2.20%
Maturity Date		Jul. 27, 2023
Outstanding Balance		$ 200,000	200,000
$200 Million Term Loan [Member] | LIBOR [Member] | Minimum [Member]
Debt Instrument [Line Items]
Basis Spread on Variable Rate	[2]	1.35%
$200 Million Term Loan [Member] | LIBOR [Member] | Maximum [Member]
Debt Instrument [Line Items]
Basis Spread on Variable Rate	[2]	2.20%
$225 Million Term Loan [Member]
Debt Instrument [Line Items]
Interest Rate, Description	[2]	LIBOR + 1.35% - 2.20%
Maturity Date		Jan. 31, 2024
Outstanding Balance		$ 225,000	225,000
$225 Million Term Loan [Member] | LIBOR [Member] | Minimum [Member]
Debt Instrument [Line Items]
Basis Spread on Variable Rate	[2]	1.35%
$225 Million Term Loan [Member] | LIBOR [Member] | Maximum [Member]
Debt Instrument [Line Items]
Basis Spread on Variable Rate	[2]	2.20%
$50 Million Term Loan [Member]
Debt Instrument [Line Items]
Interest Rate, Description	[2]	LIBOR + 1.35% - 2.20%
Maturity Date		Aug. 2, 2023
Outstanding Balance		$ 50,000	50,000
$50 Million Term Loan [Member] | LIBOR [Member] | Minimum [Member]
Debt Instrument [Line Items]
Basis Spread on Variable Rate	[2]	1.35%
$50 Million Term Loan [Member] | LIBOR [Member] | Maximum [Member]
Debt Instrument [Line Items]
Basis Spread on Variable Rate	[2]	2.20%
$175 Million term Loan [Member]
Debt Instrument [Line Items]
Interest Rate, Description	[2]	LIBOR + 1.65% - 2.50%
Maturity Date		Aug. 2, 2025
Outstanding Balance		$ 175,000	175,000
$175 Million term Loan [Member] | LIBOR [Member] | Minimum [Member]
Debt Instrument [Line Items]
Basis Spread on Variable Rate	[2]	1.65%
$175 Million term Loan [Member] | LIBOR [Member] | Maximum [Member]
Debt Instrument [Line Items]
Basis Spread on Variable Rate	[2]	2.50%
2017 $85 Million Term Loan [Member]
Debt Instrument [Line Items]
Interest Rate, Description	[2]	LIBOR + 1.30% - 2.10%
Maturity Date		Jul. 25, 2024
Outstanding Balance		$ 85,000	85,000
2017 $85 Million Term Loan [Member] | LIBOR [Member] | Minimum [Member]
Debt Instrument [Line Items]
Basis Spread on Variable Rate	[2]	1.30%
2017 $85 Million Term Loan [Member] | LIBOR [Member] | Maximum [Member]
Debt Instrument [Line Items]
Basis Spread on Variable Rate	[2]	2.10%
2019 $85 Million Unsecured Term Loan Facility [Member]
Debt Instrument [Line Items]
Interest Rate, Description	[2]	LIBOR + 1.70% - 2.55%
Maturity Date		Dec. 31, 2029
Outstanding Balance		$ 85,000	85,000
2019 $85 Million Unsecured Term Loan Facility [Member] | LIBOR [Member] | Minimum [Member]
Debt Instrument [Line Items]
Basis Spread on Variable Rate	[2]	1.70%
2019 $85 Million Unsecured Term Loan Facility [Member] | LIBOR [Member] | Maximum [Member]
Debt Instrument [Line Items]
Basis Spread on Variable Rate	[2]	2.55%
$50 Million Senior Notes [Member]
Debt Instrument [Line Items]
Interest Rate, Description	[2]	3.60% - 4.35%
Maturity Date		Mar. 31, 2030
Outstanding Balance		$ 50,000	50,000
$50 Million Senior Notes [Member] | Minimum [Member]
Debt Instrument [Line Items]
Interest Rate		3.60%
$50 Million Senior Notes [Member] | Maximum [Member]
Debt Instrument [Line Items]
Interest Rate		4.35%
Term Loans and Senior Loans, Net [Member]
Debt Instrument [Line Items]
Outstanding Balance		$ 870,000	870,000
Unamortized debt issuance costs		(5,295)	(5,775)
Term loans and senior notes, net		864,705	864,225
Credit Facilities, Net [Member]
Debt Instrument [Line Items]
Credit facilities, net	[1]	$ 864,705	$ 970,025
Weighted-average interest rate	[4]	3.07%	3.64%
[1]	Excludes unamortized debt issuance costs related to the revolving credit facility totaling approximately $1.4 million and $2.1 million as of September 30, 2021 December 31, 2020
[2]	Interest rates on all of the unsecured credit facilities increased to 0.15% above the highest rate shown for each loan during the Extended Covenant Waiver Period from March 1, 2021 through July 28, 2021.
[3]	Subject to certain conditions including covenant compliance and additional fees, the $425 million revolving credit facility maturity date may be extended up to one year, to July 27, 2023, if certain criteria are met at the time of extension.
[4]	Interest rate represents the weighted-average effective annual interest rate at the balance sheet date which includes the effect of interest rate swaps in effect on $770.0 million and $745.0 million of the outstanding variable-rate debt as of September 30, 2021 December 31, 2020 September 30, 2021 December 31, 2020

Debt - Schedule of Unsecured _2

Debt - Schedule of Unsecured Credit Facilities (Parentheticals) (Details) - USD ($)	9 Months Ended
	Sep. 30, 2021	Dec. 31, 2020
Debt Details [Line Items]
Debt issuance costs, net	$ 6,870,000
London Interbank Offered Rate (LIBOR) [Member]
Debt Details [Line Items]
Debt Instrument, Basis of Variable Rate	0.08%	0.14%
Outstanding Variable-Rate Debt Effectively Fixed By Interest Rate Swaps [Member]
Debt Details [Line Items]
Derivative, notional amount	$ 770,000,000	$ 745,000,000
Unsecured Credit Facility
Debt Details [Line Items]
Interest rate increase above highest rate	0.15%
Revolving Credit Facilities [Member]
Debt Details [Line Items]
Debt issuance costs, net	$ 1,400,000	$ 2,100,000
Line of credit facility, maximum borrowing capacity	$ 425,000,000
Debt instrument, maturity date, description	maturity date may be extended up to one year
Debt instrument extended maturity date term	1 year
Debt instrument extended maturity date	Jul. 27, 2023

Debt - Schedule of Mortgage Deb

Debt - Schedule of Mortgage Debt Obligations (Details) - USD ($) $ in Thousands		9 Months Ended
		Sep. 30, 2021		Aug. 16, 2021	Dec. 31, 2020
Debt Instrument [Line Items]
Outstanding Balance		$ 1,372,421			$ 1,488,570
Unamortized fair value adjustment of assumed debt		1,070
Unamortized debt issuance costs		(6,870)
Total		$ 501,916			512,546
Hampton Cape Canaveral, FL [Member]
Debt Instrument [Line Items]
Loan Assumption or Origination Date	[1],[2]	Apr. 30, 2020
Note payable, principal assumed or originated	[1],[2]	$ 10,852
Outstanding Balance	[1],[2]				10,275
Home2 Suites Cape Canaveral, FL [Member]
Debt Instrument [Line Items]
Loan Assumption or Origination Date	[1],[2]	Apr. 30, 2020
Note payable, principal assumed or originated	[1],[2]	$ 10,852
Outstanding Balance	[1],[2]				10,275
Hampton Colorado Springs, CO [Member]
Debt Instrument [Line Items]
Interest Rate	[3],[4]	6.25%
Loan Assumption or Origination Date	[4]	Sep. 1, 2016
Note payable, principal assumed or originated	[4]	$ 7,923
Outstanding Balance	[4]				7,317
Courtyard Franklin, TN [Member]
Debt Instrument [Line Items]
Interest Rate	[3],[4]	6.25%
Loan Assumption or Origination Date	[4]	Sep. 1, 2016
Note payable, principal assumed or originated	[4]	$ 14,679
Outstanding Balance	[4]				13,563
Residence Inn Franklin, TN [Member]
Debt Instrument [Line Items]
Interest Rate	[3],[4]	6.25%
Loan Assumption or Origination Date	[4]	Sep. 1, 2016
Note payable, principal assumed or originated	[4]	$ 14,679
Outstanding Balance	[4]				13,563
Residence Inn, Seattle, Washington [Member]
Debt Instrument [Line Items]
Interest Rate		4.00%	[3],[5]	4.00%
Loan Assumption or Origination Date	[5]	Aug. 16, 2021
Maturity Date	[5]	Aug. 16, 2022
Note payable, principal assumed or originated		$ 56,000	[5]	$ 56,000
Outstanding Balance	[5]	$ 56,000
Hilton Garden Inn Grapevine, TX [Member]
Debt Instrument [Line Items]
Interest Rate	[3]	4.89%
Loan Assumption or Origination Date		Aug. 29, 2012
Maturity Date		Sep. 1, 2022
Note payable, principal assumed or originated		$ 11,810
Outstanding Balance		$ 9,167			9,434
Courtyard Collegeville/Philadelphia, PA [Member]
Debt Instrument [Line Items]
Interest Rate	[3]	4.89%
Loan Assumption or Origination Date		Aug. 30, 2012
Maturity Date		Sep. 1, 2022
Note payable, principal assumed or originated		$ 12,650
Outstanding Balance		$ 9,818			10,105
Courtyard Hattiesburg, MS [Member]
Debt Instrument [Line Items]
Interest Rate	[3]	5.00%
Loan Assumption or Origination Date		Mar. 1, 2014
Maturity Date		Sep. 1, 2022
Note payable, principal assumed or originated		$ 5,732
Outstanding Balance		$ 4,596			4,729
Courtyard Kirkland W A
Debt Instrument [Line Items]
Interest Rate	[3]	5.00%
Loan Assumption or Origination Date		Mar. 1, 2014
Maturity Date		Sep. 1, 2022
Note payable, principal assumed or originated		$ 12,145
Outstanding Balance		$ 9,737			10,018
Courtyard Rancho Bernardo / San Diego, CA [Member]
Debt Instrument [Line Items]
Interest Rate	[3]	5.00%
Loan Assumption or Origination Date		Mar. 1, 2014
Maturity Date		Sep. 1, 2022
Note payable, principal assumed or originated		$ 15,060
Outstanding Balance		$ 12,074			12,422
Residence Inn Seattle, WA [Member]
Debt Instrument [Line Items]
Interest Rate	[3]	4.96%
Loan Assumption or Origination Date		Mar. 1, 2014
Maturity Date		Sep. 1, 2022
Note payable, principal assumed or originated		$ 28,269
Outstanding Balance		$ 22,638			23,294
Embassy Suites Anchorage, AK [Member]
Debt Instrument [Line Items]
Interest Rate	[3]	4.97%
Loan Assumption or Origination Date		Sep. 13, 2012
Maturity Date		Oct. 1, 2022
Note payable, principal assumed or originated		$ 23,230
Outstanding Balance		$ 18,139			18,660
Courtyard Somerset, NJ [Member]
Debt Instrument [Line Items]
Interest Rate	[3]	4.73%
Loan Assumption or Origination Date		Mar. 1, 2014
Maturity Date		Oct. 6, 2022
Note payable, principal assumed or originated		$ 8,750
Outstanding Balance		$ 6,973			7,179
Homewood Suites Tukwila, WA [Member]
Debt Instrument [Line Items]
Interest Rate	[3]	4.73%
Loan Assumption or Origination Date		Mar. 1, 2014
Maturity Date		Oct. 6, 2022
Note payable, principal assumed or originated		$ 9,431
Outstanding Balance		$ 7,516			7,737
Homewood Suites Huntsville, AL [Member]
Debt Instrument [Line Items]
Interest Rate	[3]	4.12%
Loan Assumption or Origination Date		Mar. 1, 2014
Maturity Date		Feb. 6, 2023
Note payable, principal assumed or originated		$ 8,306
Outstanding Balance		$ 6,542			6,742
Courtyard Prattville, AL [Member]
Debt Instrument [Line Items]
Interest Rate	[3]	4.12%
Loan Assumption or Origination Date		Mar. 1, 2014
Maturity Date		Feb. 6, 2023
Note payable, principal assumed or originated		$ 6,596
Outstanding Balance		$ 5,195			5,354
Residence Inn San Diego, CA [Member]
Debt Instrument [Line Items]
Interest Rate	[3]	3.97%
Loan Assumption or Origination Date		Mar. 1, 2014
Maturity Date		Mar. 6, 2023
Note payable, principal assumed or originated		$ 18,600
Outstanding Balance		$ 14,610			15,061
Homewood Suites Miami, FL [Member]
Debt Instrument [Line Items]
Interest Rate	[3]	4.02%
Loan Assumption or Origination Date		Mar. 1, 2014
Maturity Date		Apr. 1, 2023
Note payable, principal assumed or originated		$ 16,677
Outstanding Balance		$ 13,136			13,537
Homewood Suites New Orleans, LA [Member]
Debt Instrument [Line Items]
Interest Rate	[3]	4.36%
Loan Assumption or Origination Date		Jul. 17, 2014
Maturity Date		Aug. 11, 2024
Note payable, principal assumed or originated		$ 27,000
Outstanding Balance		$ 22,181			22,766
Residence Inn Westford, MA [Member]
Debt Instrument [Line Items]
Interest Rate	[3]	4.28%
Loan Assumption or Origination Date		Mar. 18, 2015
Maturity Date		Apr. 11, 2025
Note payable, principal assumed or originated		$ 10,000
Outstanding Balance		$ 8,393			8,605
Hilton Garden Inn Denver, CO [Member]
Debt Instrument [Line Items]
Interest Rate	[3]	4.46%
Loan Assumption or Origination Date		Sep. 1, 2016
Maturity Date		Jun. 11, 2025
Note payable, principal assumed or originated		$ 34,118
Outstanding Balance		$ 29,663			30,387
Courtyard Oceanside, CA [Member]
Debt Instrument [Line Items]
Interest Rate	[3]	4.28%
Loan Assumption or Origination Date		Sep. 1, 2016
Maturity Date		Oct. 1, 2025
Note payable, principal assumed or originated		$ 13,655
Outstanding Balance		$ 12,391			12,605
Hilton Garden Inn Omaha, NE [Member]
Debt Instrument [Line Items]
Interest Rate	[3]	4.28%
Loan Assumption or Origination Date		Sep. 1, 2016
Maturity Date		Oct. 1, 2025
Note payable, principal assumed or originated		$ 22,682
Outstanding Balance		$ 20,581			20,936
Hampton Boise, ID [Member]
Debt Instrument [Line Items]
Interest Rate	[3]	4.37%
Loan Assumption or Origination Date		May 26, 2016
Maturity Date		Jun. 11, 2026
Note payable, principal assumed or originated		$ 24,000
Outstanding Balance		$ 21,799			22,146
Courtyard Burbank, CA [Member]
Debt Instrument [Line Items]
Interest Rate	[3]	3.55%
Loan Assumption or Origination Date		Nov. 3, 2016
Maturity Date		Dec. 1, 2026
Note payable, principal assumed or originated		$ 25,564
Outstanding Balance		$ 22,482			23,315
Courtyard San Diego, CA [Member]
Debt Instrument [Line Items]
Interest Rate	[3]	3.55%
Loan Assumption or Origination Date		Nov. 3, 2016
Maturity Date		Dec. 1, 2026
Note payable, principal assumed or originated		$ 25,473
Outstanding Balance		$ 22,402			23,232
Hampton San Diego, CA [Member]
Debt Instrument [Line Items]
Interest Rate	[3]	3.55%
Loan Assumption or Origination Date		Nov. 3, 2016
Maturity Date		Dec. 1, 2026
Note payable, principal assumed or originated		$ 18,963
Outstanding Balance		$ 16,677			17,295
SpringHill Suites Burbank, CA [Member]
Debt Instrument [Line Items]
Interest Rate	[3]	3.94%
Loan Assumption or Origination Date		Mar. 9, 2018
Maturity Date		Apr. 1, 2028
Note payable, principal assumed or originated		$ 28,470
Outstanding Balance		$ 26,264			27,078
Courtyard Santa Ana, CA [Member]
Debt Instrument [Line Items]
Interest Rate	[3]	3.94%
Loan Assumption or Origination Date		Mar. 9, 2018
Maturity Date		Apr. 1, 2028
Note payable, principal assumed or originated		$ 15,530
Outstanding Balance		$ 14,326			14,770
Courtyard Richmond, VA [Member]
Debt Instrument [Line Items]
Interest Rate	[3]	3.40%
Loan Assumption or Origination Date		Feb. 12, 2020
Maturity Date		Mar. 11, 2030
Note payable, principal assumed or originated		$ 14,950
Outstanding Balance		$ 14,521			14,739
Residence Inn Richmond, VA [Member]
Debt Instrument [Line Items]
Interest Rate	[3]	3.40%
Loan Assumption or Origination Date		Feb. 12, 2020
Maturity Date		Mar. 11, 2030
Note payable, principal assumed or originated		$ 14,950
Outstanding Balance		$ 14,521			14,739
Residence Inn Portland, ME [Member]
Debt Instrument [Line Items]
Interest Rate	[3]	3.43%
Loan Assumption or Origination Date		Mar. 2, 2020
Maturity Date		Apr. 1, 2030
Note payable, principal assumed or originated		$ 33,500
Outstanding Balance		$ 33,500			33,500
Homewood Suites San Jose, CA [Member]
Debt Instrument [Line Items]
Interest Rate	[3]	4.22%
Loan Assumption or Origination Date		Dec. 22, 2017
Maturity Date		May 1, 2038
Note payable, principal assumed or originated		$ 30,000
Outstanding Balance		26,579			27,392
Aggregate Properties [Member]
Debt Instrument [Line Items]
Note payable, principal assumed or originated		631,096
Outstanding Balance		502,421			512,770
Unamortized fair value adjustment of assumed debt		1,070			1,624
Unamortized debt issuance costs		$ (1,575)			$ (1,848)
[1]	Interest rate was variable based on one-month LIBOR plus 3.00%. As of April 12, 2021, the date the loan was fully repaid, the interest rate was 3.11%. In July 2020, the principal amount of the note was reduced by approximately $1.1 million representing a credit from the developer for shared construction savings.
[2]	Loan was repaid in full on April 12, 2021.
[3]	Interest rates are the rates per the loan agreement. For loans assumed, the Company adjusted the interest rates per the loan agreement to market rates and is amortizing the adjustments to interest expense over the life of the loan.
[4]	Loan was repaid in full on June 4, 2021.
[5]	On August 16, 2021, the Company acquired the fee interest in the land at the Seattle, Washington Residence Inn, previously held under a finance ground lease, for a purchase price of $80.0 million, consisting of a $24.0 million cash payment and a one-year

Debt - Schedule of Mortgage D_2

Debt - Schedule of Mortgage Debt Obligations (Parentheticals) (Details) - USD ($) $ in Thousands	Aug. 16, 2021	Jul. 31, 2020	Sep. 30, 2021		Sep. 30, 2020
Debt Instrument [Line Items]
Cash payment			$ 197,228		$ 88,687
Residence Inn, Seattle, Washington [Member]
Debt Instrument [Line Items]
Note payable, fixed annual interest rate	4.00%		4.00%	[1],[2]
Gross Purchase Price	$ 80,000
Cash payment	$ 24,000
Note payable term	1 year
Note payable, principal assumed or originated	$ 56,000		$ 56,000	[2]
Mortgage Debt [Member] | Hampton and Home2 Suites Cape Canaveral, FL [Member]
Debt Instrument [Line Items]
Note payable, fixed annual interest rate			3.11%
Debt instrument value reduced from developer for construction savings		$ 1,100
London Interbank Offered Rate (LIBOR) [Member] | Mortgage Debt [Member]
Debt Instrument [Line Items]
Debt instrument, basis spread on variable rate			3.00%
Interest rate terms			one-month LIBOR plus 3.00%
[1]	Interest rates are the rates per the loan agreement. For loans assumed, the Company adjusted the interest rates per the loan agreement to market rates and is amortizing the adjustments to interest expense over the life of the loan.
[2]	On August 16, 2021, the Company acquired the fee interest in the land at the Seattle, Washington Residence Inn, previously held under a finance ground lease, for a purchase price of $80.0 million, consisting of a $24.0 million cash payment and a one-year

Fair Value of Financial Instr_3

Fair Value of Financial Instruments - Additional Information (Details) $ in Thousands	9 Months Ended
	Sep. 30, 2021USD ($)Derivative_Instrument	Dec. 31, 2020USD ($)
Fair Value of Financial Instruments [Line Items]
Debt, net	$ 1,366,621	$ 1,482,571
Long-term debt, fair value	1,300,000	$ 1,500,000
Interest rate cash flow hedge gain (loss) to be reclassified during next 12 months, net	$ (11,400)
Designated as Hedging Instrument [Member]
Fair Value of Financial Instruments [Line Items]
Number of interest rate swap agreements | Derivative_Instrument	13

Fair Value of Financial Instr_4

Fair Value of Financial Instruments - Schedule of Interest Rate Swap Agreements (Details) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2021	Dec. 31, 2020
Fair Value of Financial Instruments Schedule of Interest Rate Swap Agreements [Line Items]
Fair value asset (liability)	$ (24,650)	$ (42,802)
Designated as Hedging Instrument [Member]
Fair Value of Financial Instruments Schedule of Interest Rate Swap Agreements [Line Items]
Derivative, notional amount	770,000
Fair value asset (liability)	(24,650)	(42,685)
Interest Rate Swap #1 [Member] | Designated as Hedging Instrument [Member]
Fair Value of Financial Instruments Schedule of Interest Rate Swap Agreements [Line Items]
Derivative, notional amount	$ 100,000
Origination Date	Apr. 7, 2016
Effective Date	Sep. 30, 2016
Maturity date	Mar. 31, 2023
Swap fixed interest rate	1.33%
Fair value asset (liability)	$ (1,690)	(2,681)
Interest Rate Swap #2 [Member] | Designated as Hedging Instrument [Member]
Fair Value of Financial Instruments Schedule of Interest Rate Swap Agreements [Line Items]
Derivative, notional amount	$ 75,000
Origination Date	May 31, 2017
Effective Date	Jul. 31, 2017
Maturity date	Jun. 30, 2024
Swap fixed interest rate	1.96%
Fair value asset (liability)	$ (3,022)	(4,639)
Interest Rate Swap #3 [Member] | Designated as Hedging Instrument [Member]
Fair Value of Financial Instruments Schedule of Interest Rate Swap Agreements [Line Items]
Derivative, notional amount	$ 10,000
Origination Date	Aug. 10, 2017
Effective Date	Aug. 10, 2017
Maturity date	Jun. 30, 2024
Swap fixed interest rate	2.01%
Fair value asset (liability)	$ (416)	(636)
Interest Rate Swap #4 [Member] | Designated as Hedging Instrument [Member]
Fair Value of Financial Instruments Schedule of Interest Rate Swap Agreements [Line Items]
Derivative, notional amount	$ 50,000
Origination Date	Jun. 1, 2018
Effective Date	Jan. 31, 2019
Maturity date	Jun. 30, 2025
Swap fixed interest rate	2.89%
Fair value asset (liability)	$ (4,065)	(5,911)
Interest Rate Swap #5 [Member] | Designated as Hedging Instrument [Member]
Fair Value of Financial Instruments Schedule of Interest Rate Swap Agreements [Line Items]
Derivative, notional amount	$ 50,000
Origination Date	Jul. 2, 2019
Effective Date	Jul. 5, 2019
Maturity date	Jul. 18, 2024
Swap fixed interest rate	1.65%
Fair value asset (liability)	$ (1,610)	(2,593)
Interest Rate Swap #6 [Member] | Designated as Hedging Instrument [Member]
Fair Value of Financial Instruments Schedule of Interest Rate Swap Agreements [Line Items]
Derivative, notional amount	$ 50,000
Origination Date	Aug. 21, 2019
Effective Date	Aug. 23, 2019
Maturity date	Aug. 18, 2024
Swap fixed interest rate	1.32%
Fair value asset (liability)	$ (1,141)	(2,036)
Interest Rate Swap #7 [Member] | Designated as Hedging Instrument [Member]
Fair Value of Financial Instruments Schedule of Interest Rate Swap Agreements [Line Items]
Derivative, notional amount	$ 50,000
Origination Date	Aug. 21, 2019
Effective Date	Aug. 23, 2019
Maturity date	Aug. 30, 2024
Swap fixed interest rate	1.32%
Fair value asset (liability)	$ (1,143)	(2,049)
Interest Rate Swap #8 [Member] | Designated as Hedging Instrument [Member]
Fair Value of Financial Instruments Schedule of Interest Rate Swap Agreements [Line Items]
Derivative, notional amount	$ 85,000
Origination Date	Dec. 31, 2019
Effective Date	Dec. 31, 2019
Maturity date	Dec. 31, 2029
Swap fixed interest rate	1.86%
Fair value asset (liability)	$ (3,978)	(8,677)
Interest Rate Swap #9 [Member] | Designated as Hedging Instrument [Member]
Fair Value of Financial Instruments Schedule of Interest Rate Swap Agreements [Line Items]
Derivative, notional amount	$ 25,000
Origination Date	Dec. 6, 2018
Effective Date	Jan. 31, 2020
Maturity date	Jun. 30, 2025
Swap fixed interest rate	2.75%
Fair value asset (liability)	$ (1,904)	(2,801)
Interest Rate Swap #10 [Member] | Designated as Hedging Instrument [Member]
Fair Value of Financial Instruments Schedule of Interest Rate Swap Agreements [Line Items]
Derivative, notional amount	$ 50,000
Origination Date	Dec. 7, 2018
Effective Date	May 18, 2020
Maturity date	Jan. 31, 2024
Swap fixed interest rate	2.72%
Fair value asset (liability)	$ (2,736)	(3,967)
Interest Rate Swap #11 [Member] | Designated as Hedging Instrument [Member]
Fair Value of Financial Instruments Schedule of Interest Rate Swap Agreements [Line Items]
Derivative, notional amount	$ 75,000
Origination Date	Aug. 21, 2019
Effective Date	May 18, 2020
Maturity date	May 18, 2025
Swap fixed interest rate	1.27%
Fair value asset (liability)	$ (1,536)	(3,294)
Interest Rate Swap #12 [Member] | Designated as Hedging Instrument [Member]
Fair Value of Financial Instruments Schedule of Interest Rate Swap Agreements [Line Items]
Derivative, notional amount	$ 75,000
Origination Date	Jul. 31, 2020
Effective Date	Aug. 18, 2020
Maturity date	Aug. 18, 2022
Swap fixed interest rate	0.13%
Fair value asset (liability)	$ (8)	14
Interest Rate Swap #13 [Member] | Designated as Hedging Instrument [Member]
Fair Value of Financial Instruments Schedule of Interest Rate Swap Agreements [Line Items]
Derivative, notional amount	$ 75,000
Origination Date	Aug. 21, 2019
Effective Date	May 18, 2021
Maturity date	May 18, 2026
Swap fixed interest rate	1.30%
Fair value asset (liability)	$ (1,401)	(3,415)
Interest Rate Swap #14 [Member] | Matured at March 31, 2021 [Member]
Fair Value of Financial Instruments Schedule of Interest Rate Swap Agreements [Line Items]
Derivative, notional amount	$ 50,000
Origination Date	Apr. 7, 2016
Effective Date	Sep. 30, 2016
Maturity date	Mar. 31, 2021
Swap fixed interest rate	1.09%
Fair value asset (liability)		$ (117)

Fair Value of Financial Instr_5

Fair Value of Financial Instruments - Derivative Instruments, Gain (Loss) Recognized (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2021	Sep. 30, 2020	Sep. 30, 2021	Sep. 30, 2020
Derivative Instruments Gain Loss Recognized [Abstract]
Net Unrealized Gain (Loss) Recognized in Other Comprehensive Income (Loss)	$ 478	$ 33	$ 9,714	$ (48,628)
Net Unrealized Loss Reclassified from Accumulated Other Comprehensive Income (Loss) to Interest and Other Expense, net	$ (2,948)	$ (2,706)	$ (8,438)	$ (5,006)

Related Parties - Additional In

Related Parties - Additional Information (Details) - USD ($)	9 Months Ended
	Sep. 30, 2021	Sep. 30, 2020	Dec. 31, 2020
Aircraft Owned by Executive Officers [Member] | General and Administrative Expenses [Member]
Related Parties Details [Line Items]
Related Party Transaction, Amounts of Transaction	$ 100,000	$ 100,000
Reimbursement Received From Related Parties For Their Proportionate Share of Staffing and Office Related Costs Provided by Apple Hospitality [Member]
Related Parties Details [Line Items]
Related Party Transaction, Amounts of Transaction	(500,000)	$ (900,000)
Due from related parties	$ 200,000		$ 300,000
Cost Sharing Arrangement [Member]
Related Parties Details [Line Items]
Related party transaction, Description of transaction	To efficiently manage cash disbursements, the Company or ARG may make payments for the other company. Under this cash management process, each company may advance or defer up to $1 million at any time. Each quarter, any outstanding amounts are settled between the companies. This process allows each company to minimize its cash on hand and reduces the cost for each company. The amounts outstanding at any point in time are not significant to either of the companies.
Cost Sharing Arrangement [Member] | Maximum [Member]
Related Parties Details [Line Items]
Related Party Transaction, Amounts of Transaction	$ 1,000,000

Shareholders' Equity - Addition

Shareholders' Equity - Additional Information (Details) - USD ($)	Oct. 18, 2021	Sep. 30, 2021	Jun. 30, 2021	Mar. 31, 2021	Sep. 30, 2021	Jun. 30, 2021	Sep. 30, 2021	Sep. 30, 2020	Dec. 31, 2019	Aug. 12, 2020	May 31, 2020
Shareholders Equity Details [Line Items]
Annual distribution rate									$ 1.20
Common stock, dividends, per share, cash paid							$ 0.02	$ 0.30
Payments of ordinary dividends, common stock							$ 4,510,000	$ 67,324,000
Quarterly distribution rate		$ 0.01	$ 0.01	$ 0.01
Accrued distribution		$ 2,279,000			$ 2,279,000		2,279,000
Proceeds from issuance of common stock, net							$ 75,036,000	$ (247,000)
Stock repurchase program, extended term							1 year
Stock repurchase program, authorized amount											$ 345,000,000
Share repurchase program, end period							2022-07
Number of shares repurchased								1,500,000
Stock repurchased value per share								$ 9.42
Stock repurchased value								$ 14,336,000
ATM Program Executed August 12, 2020 [Member]
Shareholders Equity Details [Line Items]
Stock issuance program, authorized amount										$ 300,000,000
Issuance of common shares, net (in Shares)					0	4,700,000
Shares issued weighted average market sales price per share (in dollars per share)						$ 16.26
Proceeds from issuance of common stock, gross						$ 76,000,000
Commissions						900,000
Proceeds from issuance of common stock, net						$ 75,100,000
Stock issuance program, available for issuance		$ 224,000,000			$ 224,000,000		$ 224,000,000
Subsequent Event [Member]
Shareholders Equity Details [Line Items]
Common stock, dividends, per share, cash paid	$ 0.01
Payments of ordinary dividends, common stock	$ 2,300,000

Compensation Plans - Additional

Compensation Plans - Additional Information (Details)	Apr. 01, 2020USD ($)Officershares	Sep. 30, 2021USD ($)	Sep. 30, 2020USD ($)	Sep. 30, 2021USD ($)	Sep. 30, 2020USD ($)Agreement
New Officer Share-based Payment Arrangement [Member]
Compensation Plans Details [Line Items]
Number of new officers | Officer	5
Share based compensation, net (in Shares) | shares	200,000
Total share-based compensation earned, including the surrendered shares (in millions)	$ 1,800,000
Restricted common shares vesting date	Mar. 31, 2023
Restriction period	3 years
Share-based compensation expense		$ 100,000	$ 100,000	$ 400,000	$ 300,000
2021 Executive Management Incentive Plan [Member]
Compensation Plans Details [Line Items]
Incentive compensation, description				The operational performance metrics account for 50% of the total target incentive compensation. The shareholder return metrics are weighted 75% for relative shareholder return metrics and 25% for total shareholder return metrics, and account for 50% of the total target incentive compensation.
Operational performance metrics accounted for total target incentive compensation, percentage				50.00%
Percentage of relative shareholder return metrics on shareholder return metrics				75.00%
Percentage of total shareholder return metrics on shareholder return metrics				25.00%
Shareholder return metrics accounted for total target incentive compensation, percentage				50.00%
Accrued liability for potential executive bonus payments		13,000,000		$ 13,000,000
Portion of awards paid in cash				25.00%
Portion of awards issued in equity				75.00%
2021 Executive Management Incentive Plan [Member] | General and Administrative Expenses [Member]
Compensation Plans Details [Line Items]
Labor and related expense		$ 7,000,000		$ 13,000,000
2021 Executive Management Incentive Plan [Member] | Equity Awards Vesting At The End Of 2021 [Member]
Compensation Plans Details [Line Items]
Share-based compensation arrangement, vesting description				two-thirds
2021 Executive Management Incentive Plan [Member] | Equity Awards Vesting In December 2022 [Member]
Compensation Plans Details [Line Items]
Share-based compensation arrangement, vesting description				one-third
2020 Executive Management Incentive Plan [Member]
Compensation Plans Details [Line Items]
Labor and related expense			$ 1,500,000		$ 4,000,000
Potential Aggregate Payout [Member] | 2021 Executive Management Incentive Plan [Member] | Minimum [Member]
Compensation Plans Details [Line Items]
Labor and related expense				$ 0
Potential Aggregate Payout [Member] | 2021 Executive Management Incentive Plan [Member] | Maximum [Member]
Compensation Plans Details [Line Items]
Labor and related expense				$ 22,400,000
One-Time Payment Under Separation Agreement [Member]
Compensation Plans Details [Line Items]
Number of separation agreements | Agreement					2
One-Time Payment Under Separation Agreement [Member] | Retirement of Executive Vice President and Chief Financial Officer [Member]
Compensation Plans Details [Line Items]
Labor and related expense					$ 1,250,000
One-Time Payment Under Separation Agreement [Member] | Retirement of Executive Vice President and Chief Operating Officer [Member]
Compensation Plans Details [Line Items]
Labor and related expense					1,250,000
One-Time Payment Under Separation Agreement [Member] | Retirements of Executive Vice President and Chief Operating Officer; and Executive Vice President and Chief Financial Officer [Member]
Compensation Plans Details [Line Items]
Labor and related expense					$ 2,500,000

Compensation Plans - Informatio

Compensation Plans - Information Pertaining to Share-based Compensation Issued (Details) - Share Based Compensation [Member] $ / shares in Units, $ in Millions	9 Months Ended
	Sep. 30, 2021USD ($)$ / sharesshares
2020 Executive Management Incentive Plan [Member] | Equity Awards Issued in the First Quarter of 2021 [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Common shares earned under each incentive plan	555,726
Common shares surrendered on issuance date to satisfy tax withholding obligations	117,647
Common shares earned and issued under each incentive plan, net of common shares surrendered on issuance date to satisfy tax withholding obligations	438,079
Closing stock price on issuance date | $ / shares	$ 14.03
Total share-based compensation earned, including the surrendered shares (in millions) | $	$ 7.8	[1]
Of the total common shares earned and issued, total common shares unrestricted at time of issuance	160,216
Of the total common shares earned and issued, total common shares restricted at time of issuance	277,863
Restricted common shares vesting date	Dec. 10, 2021
2019 Executive Management Incentive Plan [Member] | Equity Awards Issued in the First Quarter of 2020 [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Common shares earned under each incentive plan	665,552
Common shares surrendered on issuance date to satisfy tax withholding obligations	60,616
Common shares earned and issued under each incentive plan, net of common shares surrendered on issuance date to satisfy tax withholding obligations	604,936
Closing stock price on issuance date | $ / shares	$ 13.01
Total share-based compensation earned, including the surrendered shares (in millions) | $	$ 8.7	[2]
Of the total common shares earned and issued, total common shares unrestricted at time of issuance	426,553
Of the total common shares earned and issued, total common shares restricted at time of issuance	178,383
Restricted common shares vesting date	Dec. 11, 2020
Common shares surrendered on vesting date to satisfy tax withholding requirements resulting from vesting of restricted common shares	60,066
[1]	Of the total 2020 December 31, 2020 December 31, 2020
[2]	Of the total 2019 share-based compensation, approximately $1.2 million, which vested on December 11, 2020 2020

Compensation Plans - Informat_2

Compensation Plans - Information Pertaining to Share-based Compensation Issued (Parenthetical) (Details) - Share Based Compensation [Member] - USD ($) $ in Millions	3 Months Ended	9 Months Ended	12 Months Ended
	Sep. 30, 2021	Sep. 30, 2021	Dec. 31, 2019	Dec. 31, 2020
2020 Executive Management Incentive Plan [Member] | Equity Awards Issued in the First Quarter of 2021 [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Share-based compensation recorded as liability				$ 5.9
Share-based compensation, subject to vesting				$ 1.9
Share-based compensation expense	$ 0.5	$ 1.5
2019 Executive Management Incentive Plan [Member] | Equity Awards Issued in the First Quarter of 2020 [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Share-based compensation expense	$ 0.3	$ 0.9	$ 1.2

Subsequent Events - Additional

Subsequent Events - Additional Information (Details) $ / shares in Units, $ in Thousands	Oct. 28, 2021USD ($)Room	Oct. 18, 2021USD ($)$ / shares	Sep. 30, 2021USD ($)Room$ / shares	Sep. 30, 2020USD ($)$ / shares
Subsequent Event [Line Items]
Payments of ordinary dividends, common stock			$ 4,510	$ 67,324
Common stock, dividends, per share, cash paid | $ / shares			$ 0.02	$ 0.30
Aggregate number of hotel rooms | Room			28,085
Subsequent Event [Member]
Subsequent Event [Line Items]
Payments of ordinary dividends, common stock		$ 2,300
Common stock, dividends, per share, cash paid | $ / shares		$ 0.01
Subsequent Event [Member] | Hilton Garden Inn, Memphis, Tennessee [Member]
Subsequent Event [Line Items]
Aggregate number of hotel rooms | Room	150
Gross purchase price	$ 38,000