Consolidated Statements Of Cash Flows - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Operating Activities:
Net income	$ 42,207	$ 68,271	$ 49,948
Adjustments to Reconcile Net Income to Net Cash Provided by Operating Activities:
Gain on Hotel Acquisitions, Net		(12,667)	(12,096)
Contingent Consideration		2,000
Development Loan Recovery		(22,494)
Gain on Disposition of Hotel Properties		(7,067)	(32,121)
Impairment of Hotel Assets		1,800	10,314
Deferred Taxes	(3,141)	(2,685)	(5,500)
Depreciation	74,007	68,753	61,801
Amortization	1,492	1,979	2,545
Loss on Debt Extinguishment	324	673	471
Equity in (Income) Loss of Unconsolidated Joint Ventures	(965)	(693)	1,835
Distributions from Unconsolidated Joint Ventures	1,446	1,262	568
Loss Recognized on Change in Fair Value of Derivative Instrument	107	71	22
Stock Based Compensation Expense	6,523	6,028	9,746
(Increase) Decrease in:
Hotel Accounts Receivable	993	(350)	2,419
Escrows	(14)	1,272	476
Other Assets	(6,973)	2,182	(4,269)
Due from Related Parties	337	4,544	(2,636)
(Decrease) Increase in:
Due to Related Parties	1,586	2,388	412
Accounts Payable, Accrued Expenses and Other Liabilities	3,888	(2,373)	6,326
Net Cash Provided by Operating Activities	121,817	112,894	90,261
Investing Activities:
Purchase of Hotel Property Assets	(110,176)	(175,236)	(217,142)
Deposits on Hotel Acquisitions	(5,000)		(1,836)
Capital Expenditures	(27,366)	(38,342)	(42,854)
Cash Paid for Hotel Development Projects	(950)	(3,764)	(20,054)
Proceeds from Disposition of Hotel Properties		30,056	136,015
Net Changes in Capital Expenditure Escrows	(779)	4,577	(1,287)
Proceeds from Insurance Claims		1,881	5,001
Repayment of Development Loans Receivable			15,122
Distributions from Unconsolidated Joint Venture	362	324	1,711
Advances and Capital Contributions to Unconsolidated Joint Ventures			(150)
Net Cash Used in Investing Activities	(143,909)	(180,504)	(125,474)
Financing Activities:
Proceeds from Borrowings Under Line of Credit, Net	27,000
Proceeds from Unsecured Term Loan Borrowing	300,000	100,000	50,000
Principal Repayment of Mortgages and Notes Payable	(184,356)	(61,348)	(54,398)
Proceeds from Mortgages and Notes Payable	87,750	101,000	65,000
Cash Paid for Deferred Financing Costs	(2,362)	(4,450)	(2,283)
Proceeds from Issuance of Preferred Shares, Net			72,370
Redemption of Series A Preferred Shares			(60,000)
Repurchase of Common Shares	(128,239)	(15,418)
Redemption of Common Partnership Units		(338)	(1,000)
Settlement of Interest Rate Cap	(450)	(8)	(565)
Dividends Paid on Common Shares	(54,041)	(50,286)	(50,553)
Dividends Paid on Preferred Shares	(14,356)	(14,356)	(14,522)
Distributions Paid on Common Units	(2,574)	(1,724)	(1,682)
Net Cash Provided by Financing Activities	28,372	53,072	2,367
Net Increase (Decrease) in Cash and Cash Equivalents	6,280	(14,538)	(32,846)
Cash and Cash Equivalents - Beginning of Period	21,675	36,213	69,059
Cash and Cash Equivalents - End of Period	$ 27,955	$ 21,675	$ 36,213