CONSOLIDATED STATEMENTS OF CASH FLOWS $ in Thousands	12 Months Ended
	Dec. 31, 2019 USD ($)	Dec. 31, 2018 USD ($)	Dec. 31, 2017 USD ($)
CASH FLOWS FROM OPERATING ACTIVITIES
Net income	$ 142,793	$ 259,059	$ 153,004
Adjustments to reconcile net income to net cash provided by operating activities:
Bad debt expense	361	815	730
Gain on sale of assets	(42,935)	(116,916)	(52,747)
Loss on extinguishment of debt		835	824
Noncash interest on derivatives and finance lease obligations, net	6,051	(1,190)	3,106
Depreciation	147,669	144,958	155,962
Amortization of franchise fees and other intangibles	79	1,582	3,141
Amortization of deferred financing costs	2,791	2,947	2,409
Amortization of deferred stock compensation	9,313	9,007	8,042
Impairment loss	24,713	1,394	40,053
(Gain) loss on hurricane-related damage		(1,100)	201
Deferred income taxes, net	688	1,132	(9,235)
Changes in operating assets and liabilities:
Accounts receivable	(1,726)	905	3,175
Prepaid expenses and other assets	(1,387)	189	(1,836)
Accounts payable and other liabilities	2,935	3,322	(822)
Accrued payroll and employee benefits	357	(1,648)	784
Operating lease right-of-use assets and obligations	(782)
Net cash provided by operating activities	290,920	305,291	306,791
CASH FLOWS FROM INVESTING ACTIVITIES
Proceeds from sales of assets	49,538	348,032	150,215
Proceeds from property insurance		1,100
Acquisitions of hotel property and other assets	(705)	(15,147)	(173,728)
Acquisitions of intangible assets	(25)	(18,543)
Renovations and additions to hotel properties and other assets	(95,958)	(159,076)	(115,097)
Payment for interest rate derivatives			(125)
Net cash (used in) provided by investing activities	(47,150)	156,366	(138,735)
CASH FLOWS FROM FINANCING ACTIVITIES
Proceeds from common stock offerings		45,125	79,407
Payment of common stock offering costs		(784)	(1,475)
Repurchases of outstanding common stock	(50,088)
Repurchase of common stock for employee tax obligations	(4,435)	(4,232)	(3,793)
Proceeds from notes payable and debt restructuring		65,000	460,000
Payments on notes payable and debt restructuring	(7,965)	(72,574)	(405,542)
Payments of costs related to extinguishment of debt		(131)	(1)
Payments of deferred financing costs		(4,012)	(3,537)
Dividends and distributions paid	(170,166)	(177,622)	(163,014)
Distributions to noncontrolling interest	(8,512)	(9,369)	(8,250)
Net cash used in financing activities	(241,166)	(158,599)	(46,205)
Net increase in cash and cash equivalents and restricted cash	2,604	303,058	121,851
Cash and cash equivalents and restricted cash, beginning of year	862,369	559,311	437,460
Cash and cash equivalents and restricted cash, end of year	864,973	862,369	559,311
Supplemental Disclosure of Cash Flow Information
Cash and cash equivalents	816,857	809,316	488,002
Restricted cash	48,116	53,053	71,309
Cash and cash equivalents and restricted cash, end of year	864,973	862,369	559,311
Cash paid for interest	45,301	44,795	40,987
Cash (refund) paid for income taxes, net	(395)	693	1,433
Supplemental Disclosure of Noncash Investing and Financing Activities
Accrued renovations and additions to hotel properties and other assets	9,771	10,534	13,040
Amortization of deferred stock compensation - construction activities	406	376	472
Assignment of finance lease obligation in connection with disposition of hotel	(11,620)
Increase in unsecured term loans due to debt restructuring		50,000
Decrease in unsecured term loans due to debt restructuring		(50,000)
Dividends and distributions payable	$ 135,872	$ 126,461	$ 133,894