Consolidated Statements of Cash Flows - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Operating activities:
Net income (loss)	$ 13,385	$ 100,262	$ 73,962
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:
Depreciation and amortization	108,475	102,290	102,439
Share-based compensation	6,228	5,646	8,466
(Gain) loss on derivative instruments	0	(265)	(283)
(Gain) loss on marketable securities	2,978	0	0
Amortization of deferred financing costs and mortgage loan premiums	18,256	2,040	1,513
Loss (gain) on sale of hotel properties	2,147	(14,877)	(40,690)
Impairment and other losses	0	3,849	12,148
Non-cash ground rent	3,062	2,884	2,762
Equity in (earnings) loss from joint venture	0	0	66,636
Other	2,939	2,378	2,654
Changes in assets and liabilities:
Hotel receivables	3,684	(1,270)	1,263
Prepaid expenses and other assets	5,031	(2,161)	2,286
Accounts payable and accrued expenses	(34,517)	(9,176)	4,492
Deferred revenues	4,029	2,039	2,324
Net cash provided by (used in) operating activities	135,697	193,639	239,972
Investing activities:
Acquisition of LaSalle, net of cash acquired	(1,372,584)	0	0
Improvements and additions to hotel properties	(89,605)	(80,825)	(121,899)
Proceeds from joint venture redemption	0	0	2,530
Deposit received on hotel properties	0	2,000	3,000
Proceeds from sale of hotel properties	28,551	203,479	364,390
Receipt from (acquisition of) note receivable	0	0	50,000
Investment in marketable securities	(356,180)	0	0
Sale of marketable securities	6,658	0	0
Purchase of corporate office equipment, software, and furniture	(164)	(40)	(74)
Property insurance proceeds	5,162	7,674	0
Net cash provided by (used in) investing activities	(1,778,162)	132,288	297,947
Financing activities:
Gross proceeds from issuance of preferred shares	0	0	125,000
Payment of offering costs — common and preferred shares	(470)	(62)	(4,189)
Payment of deferred financing costs	(29,366)	(5,411)	(1,414)
Contributions from non-controlling interest	0	106	0
Borrowings under revolving credit facilities	550,181	238,687	469,000
Repayments under revolving credit facilities	(425,181)	(275,687)	(552,000)
Proceeds from debt	1,850,000	0	150,000
Repayments of debt	(102,366)	(72,317)	(365,583)
Repurchase of common shares	(2,507)	(95,982)	(2,496)
Redemption of preferred shares	0	0	(225,050)
Distributions — common shares/units	(105,729)	(107,329)	(105,321)
Distributions — preferred shares	(16,094)	(16,094)	(21,770)
Proceeds from refundable membership deposits	29	656	1,658
Repayments of refundable membership deposits	(754)	(790)	(723)
Net cash provided by (used in) financing activities	1,717,743	(334,223)	(532,888)
Net change in cash and cash equivalents and restricted cash	75,278	(8,296)	5,031
Cash and cash equivalents and restricted cash, beginning of year	32,533	40,829	35,798
Cash and cash equivalents and restricted cash, end of period	$ 107,811	$ 32,533	$ 40,829