Consolidated Statements of Operations - USD ($) shares in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Revenue
Rooms	$ 1,180,199	$ 1,059,012	$ 640,325
Food and beverage	253,211	227,099	112,701
Other	56,891	48,699	26,958
Total hotel revenue	1,490,301	1,334,810	779,984
Advisory services revenue	0	0	10,724
Other	1,742	2,156	4,141
Total revenue	1,492,043	1,336,966	794,849
Hotel operating expenses:
Rooms	255,317	231,614	143,751
Food and beverage	172,530	153,340	77,653
Other expenses	455,818	405,896	254,495
Management fees	54,734	49,394	31,125
Total hotel expenses	938,399	840,244	507,024
Property taxes, insurance and other	73,457	65,301	38,499
Depreciation and amortization	243,863	210,410	110,653
Impairment charges	17,816	19,511	(415)
Gain (loss) on insurance settlement	0	0	(5)
Transaction costs	77	6,252	625
Advisory services fee	54,361	43,023	4,533
Corporate, general and administrative	8,366	14,310	57,243
Total expenses	1,336,339	1,199,051	718,157
Operating income (loss)	155,704	137,915	76,692
Equity in earnings (loss) of unconsolidated entities	(6,110)	(6,831)	2,495
Interest income	331	90	62
Gain (loss) on acquisition of PIM Highland JV and sale of hotel properties	31,599	380,752	0
Other income (expense)	(4,517)	(864)	6,573
Interest expense and amortization of premiums and loan costs	(223,967)	(187,514)	(114,502)
Write-off of loan costs and exit fees	(12,702)	(5,750)	(10,353)
Unrealized gain (loss) on marketable securities	4,946	127	(332)
Unrealized gain (loss) on derivatives	(2,534)	(7,402)	(1,100)
Income (loss) from continuing operations before income taxes	(57,250)	310,523	(40,465)
Income tax benefit (expense)	(1,532)	(4,710)	(1,266)
Income (loss) from continuing operations	(58,782)	305,813	(41,731)
Income (loss) from discontinued operations	0	0	33
Gain (loss) on sale of hotel properties, net of tax	0	599	3,491
Net income (loss)	(58,782)	306,412	(38,207)
(Income) loss from consolidated entities attributable to noncontrolling interests	14	30	406
Net (income) loss attributable to redeemable noncontrolling interests in operating partnership	12,483	(35,503)	6,400
Net income (loss) attributable to the Company	(46,285)	270,939	(31,401)
Preferred dividends	(36,272)	(33,962)	(33,962)
Extinguishment of issuance costs upon redemption of Series E preferred stock	(6,124)	0	0
Net income (loss) available to common stockholders	$ (88,681)	$ 236,977	$ (65,363)
Basic:
Income (loss) from continuing operations attributable to common stockholders (in dollars per share)	$ (0.95)	$ 2.43	$ (0.75)
Income (loss) from discontinued operations attributable to common stockholders (in dollars per share)	0.00	0.00	0.00
Net income (loss) attributable to common stockholders (in dollars per share)	$ (0.95)	$ 2.43	$ (0.75)
Weighted average common shares outstanding – basic (in shares)	94,426	96,290	87,622
Diluted:
Income (loss) from continuing operations attributable to common stockholders (in dollars per share)	$ (0.95)	$ 2.35	$ (0.75)
Income (loss) from discontinued operations attributable to common stockholders (in dollars per share)	0.00	0.00	0.00
Net income (loss) attributable to common stockholders (in dollars per share)	$ (0.95)	$ 2.35	$ (0.75)
Weighted average common shares outstanding – diluted (in shares)	94,426	114,881	87,622
Dividends declared per common share (in shares)	$ 0.48	$ 0.48	$ 0.48