Consolidated Statements of Operations and Comprehensive Income - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016
Revenues:
Room	$ 144,770	$ 152,693	$ 412,862	$ 432,547
Food and beverage	42,839	42,564	134,858	142,933
Other operating	14,184	13,706	41,968	42,000
Total revenues	201,793	208,963	589,688	617,480
Hotel operating expenses:
Room	34,453	34,541	102,076	100,860
Food and beverage	29,913	28,917	91,403	95,486
Other direct and indirect	52,504	53,468	158,953	164,795
Total hotel operating expenses	116,870	116,926	352,432	361,141
Depreciation and amortization	25,210	25,407	77,456	76,327
Real estate taxes, personal property taxes, property insurance, and ground rent	11,345	12,360	37,095	37,253
General and administrative	4,467	6,779	17,045	19,936
Impairment and other losses	3,191	12,148	4,240	12,148
Total operating expenses	161,083	173,620	488,268	506,805
Operating income (loss)	40,710	35,343	101,420	110,675
Interest income	1	627	97	1,872
Interest expense	(8,969)	(10,257)	(28,015)	(32,490)
Other	132	1,548	132	(324)
Gain on sale of hotel properties	290	0	14,877	40,326
Equity in earnings (loss) of joint venture	0	(61,268)	0	(64,501)
Income (loss) before income taxes	32,164	(34,007)	88,511	55,558
Income tax (expense) benefit	(1,593)	(1,528)	(181)	(18)
Net income (loss)	30,571	(35,535)	88,330	55,540
Net income (loss) attributable to non-controlling interests	128	(112)	341	194
Net income (loss) attributable to the Company	30,443	(35,423)	87,989	55,346
Distributions to preferred shareholders	(4,023)	(5,553)	(12,070)	(15,638)
Issuance costs of redeemed preferred shares	0	(2,921)	0	(7,090)
Net income (loss) attributable to common shareholders	$ 26,420	$ (43,897)	$ 75,919	$ 32,618
Net income (loss) per share available to common shareholders, basic (usd per share)	$ 0.38	$ (0.61)	$ 1.08	$ 0.45
Net income (loss) per share available to common shareholders, diluted (in usd per share)	$ 0.38	$ (0.61)	$ 1.08	$ 0.45
Weighted-average number of common shares, basic (in shares)	68,814,805	71,922,904	69,854,618	71,894,313
Weighted-average number of common shares, diluted (in shares)	69,202,920	71,922,904	70,228,074	72,376,349
Comprehensive Income:
Net income (loss)	$ 30,571	$ (35,535)	$ 88,330	$ 55,540
Other comprehensive income (loss):
Unrealized gain (loss) on derivative instruments	733	3,007	1,544	(13,112)
Comprehensive income (loss)	31,304	(32,528)	89,874	42,428
Comprehensive income (loss) attributable to non-controlling interests	131	(102)	346	151
Comprehensive income (loss) attributable to the Company	$ 31,173	$ (32,426)	$ 89,528	$ 42,277