Consolidated Statements Of Cash Flows - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2017	Jun. 30, 2016
Operating Activities:
Net Income	$ 110,743	$ 106,540
Adjustments to Reconcile Net Income (Loss) to Net Cash Provided by Operating Activities:
Gain on Disposition of Hotel Properties, Net	(89,583)	(95,276)
Gain from Remeasurement of Investment in Unconsolidated Joint Ventures	(16,239)
Deferred Taxes	2,905	(3,070)
Depreciation	38,754	39,705
Amortization	1,769	670
Loss on Debt Extinguishment	274	1,091
Equity in Loss (Income) of Unconsolidated Joint Ventures	3,175	(1,307)
Distributions from Unconsolidated Joint Ventures		429
Loss Recognized on Change in Fair Value of Derivative Instrument	16	43
Share Based Compensation Expense	3,956	4,279
(Increase) Decrease in:
Hotel Accounts Receivable	(510)	1,076
Escrows	816	360
Other Assets	(157)	3,412
Due from Related Parties	12,002	(7,818)
(Decrease) Increase in:
Due to Related Parties		(8,771)
Accounts Payable, Accrued Expenses and Other Liabilities	(383)	1,334
Net Cash Provided by Operating Activities	67,538	42,697
Investing Activities:
Purchase of Hotel Property Assets	(249,291)	(126,245)
Capital Expenditures	(22,015)	(18,276)
Cash Paid for Hotel Development Projects	(1,005)
Proceeds from Disposition of Hotel Properties	188,651	12,446
Net Changes in Capital Expenditure Escrows	959	3,329
Proceeds from the Sale of Joint Venture Interests	11,623
Proceeds from Contribution of Hotel Property Assets to Unconsolidated Joint Venture		428,811
Repayments of Notes Receivable	2,000
Distributions from Unconsolidated Joint Ventures		1,421
Net Cash (Used in) Provided by Investing Activities	(69,078)	301,486
Financing Activities:
Repayment of Borrowings Under Line of Credit, Net		(27,000)
Proceeds from Unsecured Term Loan Borrowing	43,900
Repayment of Borrowings Under Unsecured Term Loan Borrowing		(39,480)
Principal Repayment of Mortgages and Notes Payable	(121,852)	(64,710)
Cash Paid for Deferred Financing Costs	(426)	(363)
Cash Paid for Debt Extinguishment	(245)	(892)
Proceeds from Issuance of Preferred Shares, Net		186,010
Redemption of Series B Preferred Shares		(115,000)
Repurchase of Common Shares		(39,127)
Dividends Paid on Common Shares	(31,707)	(24,874)
Dividends Paid on Preferred Shares	(11,687)	(8,846)
Distributions Paid on Common Units and LTIP Units	(2,436)	(1,754)
Other Financing Activities	(51)
Net Cash Used in Financing Activities	(124,504)	(136,036)
Net Decrease in Cash and Cash Equivalents	(126,044)	208,147
Cash and Cash Equivalents - Beginning of Period	185,644	27,955
Cash and Cash Equivalents - End of Period	$ 59,600	$ 236,102