Consolidated Statements Of Cash Flows - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015
Operating Activities:
Net Income	$ 106,540	$ 15,237
Adjustments to Reconcile Net Income to Net Cash Provided by Operating Activities:
Gain on Disposition of Hotel Properties, Net	(95,276)
Deferred Taxes	(3,070)	(109)
Depreciation	39,705	36,368
Amortization	670	922
Unamortized Deferred Fees Expensed in Debt Extinguishment	1,091	4
Equity in (Income) Loss of Unconsolidated Joint Ventures	(1,307)	(252)
Distributions from Unconsolidated Joint Ventures	429	493
Loss Recognized on Change in Fair Value of Derivative Instrument	43	67
Stock Based Compensation Expense	4,279	3,194
(Increase) Decrease in:
Hotel Accounts Receivable	1,076	(1,263)
Escrows	360	1,132
Other Assets	3,412	(4,952)
Due from Related Parties	(7,818)	233
(Decrease) Increase in:
Due to Related Parties	(8,771)	(645)
Accounts Payable, Accrued Expenses and Other Liabilities	1,334	1,858
Net Cash Provided by Operating Activities	42,697	52,287
Investing Activities:
Purchase of Hotel Property Assets	(126,245)	(33,511)
Deposits on Hotel Acquisitions		(1,000)
Capital Expenditures	(18,276)	(12,168)
Cash Paid for Hotel Development Projects		(916)
Proceeds from Disposition of Hotel Properties	12,446
Net Changes in Capital Expenditure Escrows	3,329	376
Proceeds from Contribution of Hotel Property Assets to Unconsolidated Joint Venture	428,811
Distributions from Unconsolidated Joint Ventures	1,421	592
Net Cash Provided by (Used in) Investing Activities	301,486	(46,627)
Financing Activities:
(Repayment of) Proceeds from Borrowings Under Line of Credit, Net	(27,000)	128,500
Repayment of Unsecured Term Loan Borrowing	(39,480)
Principal Repayment of Mortgages and Notes Payable	(64,710)	(121,113)
Proceeds from Mortgages and Notes Payable		80,750
Cash Paid for Deferred Financing Costs	(363)	(394)
Loss on Debt Extinguishment	(892)
Proceeds from Issuance of Preferred Shares, Net	186,010
Redemption of Series B Preferred Shares	(115,000)
Repurchase of Common Shares	(39,127)	(50,367)
Settlement of Interest Rate Cap		(430)
Dividends Paid on Common Shares	(24,874)	(27,670)
Dividends Paid on Preferred Shares	(8,846)	(7,178)
Distributions Paid on Common Units and LTIP Units	(1,754)	(1,272)
Net Cash (Used in) Provided by Financing Activities	(136,036)	826
Net Increase in Cash and Cash Equivalents	208,147	6,486
Cash and Cash Equivalents - Beginning of Period	27,955	21,675
Cash and Cash Equivalents - End of Period	$ 236,102	$ 28,161