CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017
CASH FLOWS FROM OPERATING ACTIVITIES
Net income	$ 89,717	$ 115,242
Adjustments to reconcile net income to net cash provided by operating activities:
Bad debt expense	489	310
Gain on sale of assets, net	(15,663)	(45,750)
Loss on extinguishment of debt		4
Noncash interest on derivatives and capital lease obligations, net	(4,177)	349
Depreciation	72,690	79,029
Amortization of franchise fees and other intangibles	1,463	1,624
Amortization of deferred financing fees	1,492	1,157
Amortization of deferred stock compensation	4,865	4,340
Impairment loss	1,394
Gain on hurricane-related damage	(1,100)
Deferred income taxes, net	(1,819)
Changes in operating assets and liabilities:
Accounts receivable	(12,286)	(6,844)
Inventories	(53)	22
Prepaid expenses and other assets	(250)	2,804
Accounts payable and other liabilities	12,246	3,403
Accrued payroll and employee benefits	(5,755)	(5,416)
Net cash provided by operating activities	143,253	150,274
CASH FLOWS FROM INVESTING ACTIVITIES
Proceeds from sales of assets	137,036	150,155
Proceeds from property insurance	1,100
Acquisition deposits	(500)	(7,000)
Acquisitions of intangible assets	(18,484)
Renovations and additions to hotel properties and other assets	(87,141)	(59,499)
Payment for interest rate derivative		(19)
Net cash provided by investing activities	32,011	83,637
CASH FLOWS FROM FINANCING ACTIVITIES
Proceeds from common stock offerings	45,125	76,218
Payment of common stock offering costs	(784)	(1,427)
Repurchase of common stock for employee withholding obligations	(4,232)	(3,793)
Proceeds from notes payable		240,000
Payments on notes payable	(3,764)	(181,186)
Payments of deferred financing costs	(5)	(13)
Dividends and distributions paid	(148,382)	(134,075)
Distributions to noncontrolling interest	(2,644)	(3,362)
Net cash used in financing activities	(114,686)	(7,638)
Net increase in cash and cash equivalents and restricted cash	60,578	226,273
Cash and cash equivalents and restricted cash, beginning of period	559,311	437,460
Cash and cash equivalents and restricted cash, end of period	619,889	663,733
Supplemental Disclosure of Cash Flow Information
Cash and cash equivalents	544,900	597,318
Restricted cash	74,989	66,415
Cash and cash equivalents and restricted cash, end of period	619,889	663,733
Cash paid for interest	22,144	17,686
Cash paid for income taxes	242	447
Supplemental Disclosure of Noncash Investing and Financing Activties
Increase (decrease) in accounts payable related to renovations and additions to hotel properties and other assets	175	(6,776)
Amortization of deferred stock compensation - construction activities	214	309
Dividends and distributions payable	$ 14,620	$ 14,465