INVESTMENT IN HOTEL PROPERTIES - Hotel Property Acquisitions - Proforma Information (Details 8) - USD ($) $ / shares in Units, $ in Thousands	11 Months Ended	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2016	Dec. 31, 2015
Excluded from pro forma amounts
Gain on sale	$ 5,000	$ 49,800
Assets held for sale, sold
Excluded from pro forma amounts
Gain on sale		49,800	$ 66,600
Business Acquisitions 2016 and 2015 [Member]
Pro forma financial information
Revenues		484,989	460,422
Net income		66,099	62,432
Net income attributable to common stockholders, net of amount allocated to participating securities		$ 45,319	$ 45,381
Net income per share attributable to common stockholders:
Basic (in dollars per share)		$ 0.52	$ 0.53
Diluted (in dollars per share)		$ 0.52	$ 0.52