Consolidated Statements of Cash Flows - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015
Cash flows from operating activities:
Net income	$ 29,018	$ 28,657
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation	36,593	36,002
Amortization of deferred franchise fees	160	144
Amortization of deferred financing fees included in interest expense	812	1,280
Loss on early extinguishment of debt	4	0
Share based compensation	2,256	2,102
Income from unconsolidated real estate entities	(1,346)	(2,543)
Changes in assets and liabilities:
Hotel receivables	(2,816)	(3,369)
Deferred costs	(94)	(580)
Prepaid expenses and other assets	741	(2,206)
Accounts payable and accrued expenses	4,532	5,201
Net cash provided by operating activities	69,860	64,688
Cash flows from investing activities:
Improvements and additions to hotel properties	(17,095)	(13,679)
Acquisition of hotel properties, net of cash acquired	0	(169,447)
Distributions from unconsolidated entities	6,611	7,179
Restricted cash	(5,660)	(2,734)
Net cash used in investing activities	(16,144)	(178,681)
Cash flows from financing activities:
Borrowings on revolving credit facility	33,450	65,000
Repayments on revolving credit facility	(46,030)	(27,500)
Payments on mortgage debt	(2,759)	(2,364)
Principal prepayment of mortgage debt	(5,954)	(4,760)
Payment of financing costs	(50)	(451)
Payment of offering costs	(8)	(2,039)
Proceeds from issuance of common shares	344	120,797
In-substance repurchase of vested common shares	0	(22)
Distributions-common shares/units	(40,279)	(33,688)
Net cash provided by (used in) financing activities	(61,286)	114,973
Net change in cash and cash equivalents	(7,570)	980
Cash and cash equivalents, beginning of period	21,036	15,077
Cash and cash equivalents, end of period	13,466	16,057
Supplemental disclosure of cash flow information:
Cash paid for interest	20,258	18,860
Cash paid for income taxes	$ 485	$ 126