CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	3 Months Ended		24 Months Ended
	Mar. 31, 2019	Mar. 31, 2018	Dec. 31, 2018
CASH FLOWS FROM OPERATING ACTIVITIES
Net income	$ 17,916	$ 38,455
Adjustments to reconcile net income to net cash provided by operating activities:
Bad debt expense	180	82
Gain on sale of assets		(15,669)
Noncash interest on derivatives and finance lease obligations, net	2,119	(3,137)
Depreciation	36,345	36,008
Amortization of franchise fees and other intangibles	42	746
Amortization of right-of-use assets	(19)
Amortization of deferred financing costs	698	747
Amortization of deferred stock compensation	2,122	2,000
Deferred income taxes, net	(3,284)	(3,966)
Changes in operating assets and liabilities:
Accounts receivable	(8,642)	(13,096)
Prepaid expenses and other assets	(2,131)	(3,575)
Accounts payable and other liabilities	(5,837)	514
Accrued payroll and employee benefits	(7,937)	(8,513)
Net cash provided by operating activities	31,572	30,596
CASH FLOWS FROM INVESTING ACTIVITIES
Proceeds from sales of assets		136,993
Renovations and additions to hotel properties and other assets	(24,520)	(39,321)
Net cash (used in) provided by investing activities	(24,520)	97,672
CASH FLOWS FROM FINANCING ACTIVITIES
Repurchase of common stock for employee withholding obligations	(4,435)	(4,232)
Payments on notes payable	(1,834)	(1,893)
Payments of deferred financing costs		(5)
Dividends and distributions paid	(126,461)	(133,894)
Distributions to noncontrolling interest	(1,950)	(1,169)
Net cash used in financing activities	(134,680)	(141,193)
Net decrease in cash and cash equivalents and restricted cash	(127,628)	(12,925)
Cash and cash equivalents and restricted cash, beginning of period	862,369	559,311
Cash and cash equivalents and restricted cash, end of period	734,741	546,386	$ 862,369
Supplemental Disclosure of Cash Flow Information
Cash and cash equivalents	683,995	467,050	809,316
Restricted cash	50,746	79,336	53,053
Cash and cash equivalents and restricted cash, end of period	734,741	546,386	$ 862,369
Cash paid for interest	14,292	13,618
Cash paid for income taxes	137	35
Supplemental Disclosure of Noncash Investing and Financing Activties
Accrued renovations and additions to hotel properties and other assets	11,639	17,214
Amortization of deferred stock compensation - construction activities	99	113
Dividends and distributions payable	$ 14,636	$ 14,488