CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)	6 Months Ended
	Jun. 30, 2014	Jun. 30, 2013
CASH FLOWS FROM OPERATING ACTIVITIES
Net income	$ 40,039,000	$ 48,935,000
Adjustments to reconcile net income to net cash provided by operating activities:
Bad debt expense	148,000	96,000
Gain on sale of assets, net	(5,254,000)	(51,625,000)
Loss on extinguishment of debt		3,159,000
Gain on derivatives, net	(234,000)	(417,000)
Depreciation	74,228,000	62,055,000
Amortization of franchise fees and other intangibles	3,510,000	6,421,000
Amortization of deferred financing fees	1,472,000	1,485,000
Amortization of loan discounts		3,000
Amortization of deferred stock compensation	3,316,000	2,316,000
Changes in operating assets and liabilities:
Restricted cash	(1,992,000)	(8,875,000)
Accounts receivable	(13,300,000)	(5,560,000)
Inventories	189,000	1,628,000
Prepaid expenses and other assets	6,055,000	8,149,000
Accounts payable and other liabilities	13,129,000	12,697,000
Accrued payroll and employee benefits	(3,470,000)	(6,414,000)
Discontinued operations		432,000
Net cash provided by operating activities	117,836,000	74,485,000
CASH FLOWS FROM INVESTING ACTIVITIES
Proceeds from sales of hotel properties and other assets	72,000	195,621,000
Cash proceeds held by accommodator		(72,287,000)
Restricted cash - replacement reserve	3,323,000	11,054,000
Acquisitions of hotel properties and other assets	(11,000,000)	(59,137,000)
Acquisition deposits	(15,000,000)	(20,000,000)
Renovations and additions to hotel properties	(65,836,000)	(69,089,000)
Payment for interest rate derivative		(12,000)
Net cash used in investing activities	(88,441,000)	(13,850,000)
CASH FLOWS FROM FINANCING ACTIVITIES
Redemptions of preferred stock		(276,250,000)
Proceeds from common stock offerings	264,192,000	295,251,000
Payment of common stock offering costs	(569,000)	(376,000)
Proceeds from credit facility	10,750,000	30,000,000
Payments on notes payable and credit facility	(22,403,000)	(124,465,000)
Payments for costs related to extinguishment of notes payable		(3,108,000)
Payments of deferred financing costs	0	(5,000)
Dividends paid	(22,910,000)	(14,780,000)
Distributions to non-controlling interests	(2,116,000)	(902,000)
Net cash provided by (used in) financing activities	226,944,000	(94,635,000)
Net increase (decrease) in cash and cash equivalents	256,339,000	(34,000,000)
Cash and cash equivalents, beginning of year	104,363,000	157,217,000
Cash and cash equivalents, end of year	360,702,000	123,217,000
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION
Cash paid for interest	34,187,000	34,858,000
Cash paid for income taxes	106,000	5,115,000
NONCASH INVESTING ACTIVITY
Accounts payable related to renovations and additions to hotel properties	7,259,000	5,093,000
Amortization of deferred stock compensation - construction activities	234,000	193,000
NONCASH FINANCING ACTIVITY
Dividends payable	$ 12,370,000	$ 2,300,000