Consolidated Statements of Cash Flows - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Cash flows from operating activities:
Net income	$ 33,178	$ 67,081	$ 2,982
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation	48,784	34,579	18,162
Amortization of deferred franchise fees	197	131	87
Amortization of deferred financing fees included in interest expense	1,606	1,532	1,088
Net gain from remeasurement and sales of investment in unconsolidated real estate entities	(3,576)	(65,750)	0
Loss on early extinguishment of debt	412	184	933
Loss on write-off of deferred franchise fee	0	0	64
Share based compensation	2,835	2,471	2,085
(Income) loss from unconsolidated real estate entities	(2,411)	3,830	1,874
Changes in assets and liabilities:
Hotel receivables	(318)	243	(68)
Deferred costs	(580)	(754)	(493)
Prepaid expenses and other assets	(2,277)	(118)	338
Accounts payable and accrued expenses	3,992	5,877	4,519
Net cash provided by operating activities	81,842	49,306	31,571
Cash flows from investing activities:
Improvements and additions to hotel properties	(20,331)	(14,931)	(16,178)
Acquisition of hotel properties, net of cash acquired	(169,447)	(404,737)	(229,646)
Distributions from unconsolidated entities	12,903	2,053	13,939
Investment in unconsolidated real estate entities	0	(27,948)	(1,649)
Restricted cash	(5,488)	(7,425)	(1,656)
Net cash used in investing activities	(182,363)	(452,988)	(235,190)
Cash flows from financing activities:
Borrowings on revolving credit facility	131,580	250,000	234,000
Repayments on revolving credit facility	(88,500)	(277,500)	(263,500)
Payments on debt	(3,239)	(2,631)	(2,166)
Proceeds from the issuance of debt	0	340,475	164,613
Principal prepayment of mortgage debt	(4,760)	(32,186)	(100,130)
Payments of financing costs	(2,112)	(1,585)	(2,405)
Payment of offering costs	(2,042)	(7,062)	(10,388)
Proceeds from issuance of common shares	120,839	171,552	202,751
In-substance repurchase of vested common shares	(22)	(18)	(7)
Distributions-common shares/units	(45,264)	(26,507)	(19,424)
Net cash provided by financing activities	106,480	414,538	203,344
Net change in cash and cash equivalents	5,959	10,856	(275)
Cash and cash equivalents, beginning of period	15,077	4,221	4,496
Cash and cash equivalents, end of period	21,036	15,077	4,221
Supplemental disclosure of cash flow information:
Cash paid for interest	25,508	18,296	10,169
Cash paid for income taxes	$ 160	$ 220	$ 77