CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $) In Thousands, unless otherwise specified	3 Months Ended
	Mar. 31, 2014	Mar. 31, 2013
CASH FLOWS FROM OPERATING ACTIVITIES
Net income (loss)	$ (3,496)	$ 28,926
Adjustments to reconcile net income to net cash provided by operating activities:
Bad debt expense	95	63
Gain on sales of assets	(6)	(51,620)
Loss on extinguishment of debt		3,159
Gain on derivatives, net	(109)	(157)
Depreciation	36,934	30,705
Amortization of franchise fees and other intangibles	1,755	4,453
Amortization of deferred financing fees	736	760
Amortization of loan discounts		3
Amortization of deferred stock compensation	1,372	1,075
Changes in operating assets and liabilities:
Restricted cash	6,168	300
Accounts receivable	(9,045)	(4,602)
Inventories	129	1,593
Prepaid expenses and other assets	(289)	541
Accounts payable and other liabilities	12,650	7,551
Accrued payroll and employee benefits	(7,611)	(9,766)
Discontinued operations		432
Net cash provided by operating activities	39,283	13,416
CASH FLOWS FROM INVESTING ACTIVITIES
Proceeds from sales of hotel properties and other assets	7	195,616
Cash proceeds held by accommodator		(139,434)
Restricted cash - replacement reserve	390	9,167
Acquisition deposits		(6,000)
Renovations and additions to hotel properties	(33,346)	(37,149)
Net cash (used in) provided by investing activities	(32,949)	22,200
CASH FLOWS FROM FINANCING ACTIVITIES
Redemptions of preferred stock		(176,250)
Proceeds from common stock offerings	1,392	295,251
Payment of common stock offering costs	(173)	(376)
Proceeds from credit facility		30,000
Payments on notes payable and credit facility	(5,673)	(119,793)
Payments for costs related to extinguishment of notes payable		(3,108)
Dividends paid	(11,443)	(9,787)
Distributions to non-controlling interests	(8)	(457)
Net cash (used in) provided by financing activities	(15,905)	15,480
Net (decrease) increase in cash and cash equivalents	(9,571)	51,096
Cash and cash equivalents, beginning of year	104,363	157,217
Cash and cash equivalents, end of year	94,792	208,313
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION
Cash paid for interest	16,428	17,996
NONCASH INVESTING ACTIVITY
Accounts payable related to renovations and additions to hotel properties	9,077	11,333
Amortization of deferred stock compensation - construction activities	114	93
NONCASH FINANCING ACTIVITY
Dividends payable	$ 11,467	$ 3,912