Consolidated Statements of Operations and Comprehensive Income - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015
Revenues:
Room	$ 152,693	$ 154,120	$ 432,547	$ 400,397
Food and beverage	42,564	47,421	142,933	137,482
Other operating	13,706	14,780	42,000	39,560
Total revenues	208,963	216,321	617,480	577,439
Hotel operating expenses:
Room	34,541	33,706	100,860	92,671
Food and beverage	28,917	32,834	95,486	93,611
Other direct and indirect	53,468	56,750	164,795	160,213
Total hotel operating expenses	116,926	123,290	361,141	346,495
Depreciation and amortization	25,407	24,645	76,327	70,855
Real estate taxes, personal property taxes, property insurance, and ground rent	12,360	12,700	37,253	34,865
General and administrative	6,779	7,923	19,936	26,129
Impairment loss	12,148	0	12,148	0
Total operating expenses	173,620	168,558	506,805	478,344
Operating income (loss)	35,343	47,763	110,675	99,095
Interest income	627	630	1,872	1,886
Interest expense	(10,257)	(11,107)	(32,490)	(28,684)
Other	1,548	0	(324)	0
Gain on sale of hotel properties	0	0	40,326	0
Equity in earnings (loss) of joint venture	(61,268)	2,899	(64,501)	1,771
Income (loss) before income taxes	(34,007)	40,185	55,558	74,068
Income tax (expense) benefit	(1,528)	(1,937)	(18)	(2,067)
Net income (loss)	(35,535)	38,248	55,540	72,001
Net income (loss) attributable to non-controlling interests	(112)	129	194	248
Net income (loss) attributable to the Company	(35,423)	38,119	55,346	71,753
Distributions to preferred shareholders	(5,553)	(6,488)	(15,638)	(19,463)
Issuance costs of redeemed preferred shares	(2,921)	0	(7,090)	0
Net income (loss) attributable to common shareholders	$ (43,897)	$ 31,631	$ 32,618	$ 52,290
Net income (loss) per share available to common shareholders, basic (in usd per share)	$ (0.61)	$ 0.44	$ 0.45	$ 0.72
Net income (loss) per share available to common shareholders, diluted (in usd per share)	$ (0.61)	$ 0.43	$ 0.45	$ 0.72
Weighted-average number of common shares, basic (in shares)	71,922,904	71,735,129	71,894,313	71,709,380
Weighted-average number of common shares, diluted (in shares)	71,922,904	72,451,310	72,376,349	72,492,913
Comprehensive Income:
Net income (loss)	$ (35,535)	$ 38,248	$ 55,540	$ 72,001
Other comprehensive income (loss):
Unrealized gain (loss) on derivative instruments	3,007	(10,631)	(13,112)	(10,723)
Comprehensive income (loss)	(32,528)	27,617	42,428	61,278
Comprehensive income (loss) attributable to non-controlling interests	(102)	94	151	213
Comprehensive income (loss) attributable to the Company	$ (32,426)	$ 27,523	$ 42,277	$ 61,065