Consolidated Statements of Cash Flows - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
OPERATING ACTIVITIES
Net income	$ 125,256	$ 20,923	$ 5,897
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	64,052	63,776	51,289
Deferred finance cost amortization	1,723	1,549	1,854
Loss on impairment of assets	1,115	9,247	9,044
Equity-based compensation	4,753	3,524	2,124
Deferred tax asset, net	64	(127)	3,948
Gain on disposal of assets, net	(65,067)	(446)	(4,308)
Other	1,287	48	45
Changes in operating assets and liabilities:
Restricted cash - operating	18	(631)	(1,309)
Trade receivables, net	(1,727)	(419)	(1,753)
Prepaid expenses and other	28	3,618	(3,654)
Accounts payable and Accrued expenses and other	714	1,077	9,259
NET CASH PROVIDED BY OPERATING ACTIVITIES	132,216	102,139	72,436
INVESTING ACTIVITIES
Acquisitions of hotel properties	(236,518)	(177,820)	(441,573)
Acquisition of non-controlling interest in joint venture		(8,232)
Investment in hotel properties under development	(75)	(253)
Acquisition of land held for development			(2,800)
Improvements and additions to hotel properties	(43,197)	(42,432)	(53,222)
Escrow deposits for acquisition	(10,046)
Amounts drawn under note funding obligation	(2,634)	(7,366)
Purchases of office furniture and equipment			(398)
Proceeds from asset dispositions, net of closing costs	150,054	19,280	52,850
Restricted cash - FF&E reserve	11,304	16,275	(22,291)
NET CASH USED IN INVESTING ACTIVITIES	(131,112)	(200,548)	(467,434)
FINANCING ACTIVITIES
Proceeds from issuance of debt	600,407	263,601	587,245
Principal payments on debt	(550,150)	(115,829)	(497,801)
Financing fees on debt	(2,250)	(782)	(3,421)
Proceeds from equity offerings, net of offering costs			381,795
Proceeds from contribution by joint venture partner			7,500
Dividends paid	(57,602)	(56,550)	(47,594)
Other	(764)	(156)
NET CASH (USED IN) PROVIDED BY FINANCING ACTIVITIES	(10,359)	90,284	427,724
Net change in cash and cash equivalents	(9,255)	(8,125)	32,726
CASH AND CASH EQUIVALENTS
Beginning of period	38,581	46,706	13,980
End of period	29,326	38,581	46,706
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION
Cash payments for interest	28,927	26,925	19,989
Capitalized interest	75	253	400
Cash payments for income taxes, net of refunds	$ 2,436	926	681
Mortgage debt assumed for acquisitions of hotel properties		43,172	$ 33,532
Fair value of common units issued for acquisition of hotel		$ 3,685