Consolidated Statements of Operations - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
Revenue:
Room	$ 66,251	$ 64,393
Food and beverage	2,098	1,502
Other	3,027	2,446
Cost reimbursements from unconsolidated real estate entities	2,657	2,494
Total revenue	74,033	70,835
Hotel operating expenses:
Room	14,553	13,505
Food and beverage	1,740	1,252
Telephone	459	409
Other hotel operating	721	599
General and administrative	6,033	5,654
Franchise and marketing fees	5,525	5,302
Advertising and promotions	1,565	1,331
Utilities	2,699	2,370
Repairs and maintenance	3,624	3,252
Management fees	2,437	2,247
Insurance	333	333
Total hotel operating expenses	39,689	36,254
Depreciation and amortization	12,036	12,004
Property taxes, ground rent and insurance	5,775	4,788
General and administrative	3,622	3,268
Other charges	(14)	0
Reimbursed costs from unconsolidated real estate entities	2,657	2,494
Total operating expenses	63,765	58,808
Operating income	10,268	12,027
Interest and other income	2	12
Interest expense, including amortization of deferred fees	(6,631)	(6,993)
Loss on sale of hotel property	(17)	0
Loss from unconsolidated real estate entities	(754)	(85)
Income before income tax expense	2,868	4,961
Income tax expense	0	(317)
Net income	2,868	4,644
Net income attributable to noncontrolling interests	(20)	(31)
Net income attributable to common shareholders	$ 2,848	$ 4,613
Income per Common Share - Basic:
Net income attributable to common shareholders (in dollars per share)	$ 0.06	$ 0.12
Income per Common Share - Diluted:
Net income attributable to common shareholders (in dollars per share)	$ 0.06	$ 0.12
Weighted average number of common shares outstanding:
Basic (in shares)	45,753,792	38,361,113
Diluted (in shares)	46,022,690	38,573,928
Distributions per common share: (in dollars per share)	$ 0.33	$ 0.33