Consolidated Statements of Operations and Comprehensive Income - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Revenues:
Room	$ 568,867	$ 526,573	$ 410,600
Food and beverage	191,857	190,852	148,114
Other operating	55,697	53,439	40,062
Total revenues	816,421	770,864	598,776
Hotel operating expenses:
Room	137,312	124,090	102,709
Food and beverage	126,957	128,816	104,843
Other direct and indirect	219,655	215,169	166,435
Total hotel operating expenses	483,924	468,075	373,987
Depreciation and amortization	102,439	95,872	68,324
Real estate taxes, personal property taxes, property insurance, and ground rent	50,488	46,947	36,878
General and administrative	28,105	32,335	28,322
Impairment loss	12,148	0	0
Total operating expenses	677,104	643,229	507,511
Operating income (loss)	139,317	127,635	91,265
Interest income	1,995	2,511	2,529
Interest expense	(43,615)	(38,774)	(27,065)
Other	283	0	0
Gain on sale of hotel properties	40,690	0	0
Equity in earnings (loss) of joint venture	(64,842)	6,213	10,065
Income (loss) before income taxes	73,828	97,585	76,794
Income tax (expense) benefit	134	(2,590)	(3,251)
Net income (loss)	73,962	94,995	73,543
Net income (loss) attributable to non-controlling interests	258	327	677
Net income (loss) attributable to the Company	73,704	94,668	72,866
Distributions to preferred shareholders	(19,662)	(25,950)	(25,079)
Issuance costs of redeemed preferred shares	(7,090)	0	0
Net income (loss) attributable to common shareholders	$ 46,952	$ 68,718	$ 47,787
Net income (loss) per share available to common shareholders, basic (in usd per share)	$ 0.65	$ 0.95	$ 0.72
Net income (loss) per share available to common shareholders, diluted (in usd per share)	$ 0.64	$ 0.94	$ 0.71
Weighted-average number of common shares, basic (in shares)	71,901,499	71,715,870	65,646,712
Weighted-average number of common shares, diluted (in shares)	72,373,242	72,384,289	66,264,118
Comprehensive Income:
Net income (loss)	$ 73,962	$ 94,995	$ 73,543
Other comprehensive income (loss):
Unrealized gain (loss) on derivative instruments	2,438	(4,409)	(1,427)
Comprehensive income (loss)	76,400	90,586	72,116
Comprehensive income (loss) attributable to non-controlling interests	266	313	665
Comprehensive income (loss) attributable to the Company	$ 76,134	$ 90,273	$ 71,451