CONSOLIDATED STATEMENTS OF CASH FLOWS $ in Thousands	12 Months Ended
	Dec. 31, 2016 USD ($)	Dec. 31, 2015 USD ($)	Dec. 31, 2014 USD ($)
CASH FLOWS FROM OPERATING ACTIVITIES
Net income	$ 140,677	$ 355,519	$ 87,939
Adjustments to reconcile net income to net cash provided by operating activities:
Bad debt expense	618	238	368
Gain on sale of assets, net	(18,422)	(242,234)	(5,292)
Loss on extinguishment of debt	284	2,964	4,638
Gain on redemption of note receivable		(939)
Gain on derivatives, net	(1,426)	(309)	(529)
Depreciation	159,919	160,405	152,581
Amortization of franchise fees and other intangibles	3,743	6,479	7,543
Amortization of deferred financing fees	2,200	3,148	2,777
Amortization of deferred stock compensation	7,157	9,695	9,063
Changes in operating assets and liabilities:
Restricted cash	17,625	8,536	11,543
Accounts receivable	(8,401)	1,775	(1,532)
Inventories	40	44	100
Prepaid expenses and other assets	977	1,445	3,121
Accounts payable and other liabilities	476	4,619	7,273
Accrued payroll and employee benefits	(54)	(2,060)	2,776
Net cash provided by operating activities	305,413	309,325	282,369
CASH FLOWS FROM INVESTING ACTIVITIES
Proceeds from sales of assets	41,587	565,115	110
Disposition deposit	250
Proceeds from redemption of note receivable		1,125
Restricted cash - replacement reserve	(9,368)	(2,642)	(4,311)
Acquisitions of hotel properties and other assets	(2,447)		(276,558)
Renovations and additions to hotel properties	(182,185)	(164,232)	(125,975)
Payment for interest rate derivative		(13)
Net cash (used in) provided by investing activities	(152,163)	399,353	(406,734)
CASH FLOWS FROM FINANCING ACTIVITIES
Proceeds from preferred stock offerings	190,000
Payment of preferred stock offering costs	(6,640)
Redemption of preferred stock	(115,000)
Proceeds from common stock offerings	55,133		284,390
Payment of common stock offering costs	(941)		(1,000)
Repurchase of common stock for employee withholding obligations	(2,641)	(9,264)	(3,774)
Proceeds from notes payable and credit facility	100,000	123,000	178,250
Payments on notes payable and credit facility	(265,536)	(450,812)	(153,033)
Payments for costs related to extinguishment of notes payable	(173)	(1,245)	(4,051)
Payments of deferred financing costs	(1,759)	(5,861)	(2,346)
Dividends and distributions paid	(227,486)	(77,544)	(47,850)
Distributions to noncontrolling interests	(7,737)	(9,981)	(8,488)
Net cash (used in) provided by financing activities	(282,780)	(431,707)	242,098
Net (decrease) increase in cash and cash equivalents	(129,530)	276,971	117,733
Cash and cash equivalents, beginning of period	499,067	222,096	104,363
Cash and cash equivalents, end of period	369,537	499,067	222,096
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION
Cash paid for interest	50,107	63,552	69,511
Cash paid for income taxes, net of refunds received	1,241	583	273
NONCASH INVESTING ACTIVITY
Increase in accounts payable related to renovations and additions to hotel properties and other assets	6,429	8,268	8,670
Amortization of deferred stock compensation - construction activities	591	580	474
NONCASH FINANCING ACTIVITY
Preferred stock redemption charge	4,052
Issuance of common stock distributions	78,823	37,349
Issuance of common stock in connection with acquisition of hotel property			60,000
Dividends and distributions payable	$ 119,847	$ 265,124	$ 76,694