Consolidated Statements of Cash Flows - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Cash flows from operating activities:
Net income	$ 31,695	$ 33,178	$ 67,081
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation	48,562	48,784	34,579
Amortization of deferred franchise fees	214	197	131
Amortization of deferred financing fees included in interest expense	1,076	1,606	1,532
Net loss (gain) from remeasurement and sales of investment in unconsolidated real estate entities	10	(3,576)	(65,750)
Loss on early extinguishment of debt	4	412	184
Deferred tax benefit	(426)	0	0
Share based compensation	3,013	2,835	2,471
(Income) loss from unconsolidated real estate entities	(718)	(2,411)	3,830
Changes in assets and liabilities:
Hotel receivables	47	(318)	243
Deferred costs	(94)	(580)	(754)
Prepaid expenses and other assets	2,288	(2,277)	(118)
Accounts payable and accrued expenses	1,998	3,992	5,877
Net cash provided by operating activities	87,669	81,842	49,306
Cash flows from investing activities:
Improvements and additions to hotel properties	(22,496)	(20,331)	(14,931)
Acquisition of hotel properties, net of cash acquired	0	(169,447)	(404,737)
Distributions from unconsolidated entities	7,228	12,903	2,053
Investment in unconsolidated real estate entities	0	0	(27,948)
Restricted cash	(5,810)	(5,488)	(7,425)
Net cash used in investing activities	(21,078)	(182,363)	(452,988)
Cash flows from financing activities:
Borrowings on revolving credit facility	43,450	131,580	250,000
Repayments on revolving credit facility	(56,530)	(88,500)	(277,500)
Payments on debt	(3,775)	(3,239)	(2,631)
Proceeds from the issuance of debt	0	0	340,475
Principal prepayment of mortgage debt	(5,954)	(4,760)	(32,186)
Payments of financing costs	(50)	(2,112)	(1,585)
Payment of offering costs	(75)	(2,042)	(7,062)
Proceeds from issuance of common shares	482	120,839	171,552
In-substance repurchase of vested common shares	0	(22)	(18)
Forfeited distributions - non vested shares	(91)	0	0
Distributions-common shares/units	(52,966)	(45,264)	(26,507)
Net cash provided by (used in) financing activities	(75,509)	106,480	414,538
Net change in cash and cash equivalents	(8,918)	5,959	10,856
Cash and cash equivalents, beginning of period	21,036	15,077	4,221
Cash and cash equivalents, end of period	12,118	21,036	15,077
Supplemental disclosure of cash flow information:
Cash paid for interest	26,836	25,508	18,296
Cash paid for income taxes	$ 742	$ 160	$ 220