Consolidated Statements of Cash Flows - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
OPERATING ACTIVITIES
Net income	$ 108,261	$ 125,256	$ 20,923
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	72,406	64,052	63,776
Amortization of deferred financing costs	2,143	1,723	1,549
Loss on impairment of assets	577	1,115	9,247
Equity-based compensation	4,221	4,753	3,524
Deferred tax asset, net	(2,391)	64	(127)
Gain on disposal of assets, net	(49,855)	(65,067)	(446)
Other	180	1,287	48
Changes in operating assets and liabilities:
Restricted cash - operating	1,195	18	(631)
Trade receivables, net	(2,655)	(1,727)	(419)
Prepaid expenses and other	(626)	28	3,618
Accounts payable	1,676	(4,324)	(312)
Accrued expenses and other	2,803	5,038	1,389
NET CASH PROVIDED BY OPERATING ACTIVITIES	137,935	132,216	102,139
INVESTING ACTIVITIES
Acquisitions of hotel properties	(244,714)	(236,518)	(177,820)
Improvements to hotel properties	(42,433)	(43,197)	(42,432)
Proceeds from asset dispositions, net of closing costs	145,347	150,054	19,280
Funding of real estate loans	(27,500)	(2,634)	(7,366)
Proceeds from repayment or sale of real estate loans	7,814	0	0
(Increase) decrease in restricted cash - FF&E reserve	(3,003)	11,304	16,275
Decrease (increase) in escrow deposits for acquisitions	10,046	(10,046)	0
Acquisition of non-controlling interest in joint venture	0	0	(8,232)
Investment in hotel properties under development	0	(75)	(253)
NET CASH USED IN INVESTING ACTIVITIES	(154,443)	(131,112)	(200,548)
FINANCING ACTIVITIES
Proceeds from issuance of debt	405,000	600,407	263,601
Principal payments on debt	(424,545)	(550,150)	(115,829)
Proceeds from equity offerings, net of offering costs	161,347	0	0
Redemption of preferred shares	(50,000)	0	0
Dividends paid	(66,713)	(57,602)	(56,550)
Financing fees on debt	(1,948)	(2,250)	(782)
Other	(1,265)	(764)	(156)
NET CASH PROVIDED BY (USED IN) FINANCING ACTIVITIES	21,876	(10,359)	90,284
Net change in cash and cash equivalents	5,368	(9,255)	(8,125)
CASH AND CASH EQUIVALENTS
Beginning of period	29,326	38,581	46,706
End of period	34,694	29,326	38,581
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION
Cash payments for interest	26,156	28,927	26,925
Capitalized interest	0	75	253
Cash payments for income taxes, net of refunds	1,228	2,436	926
Mortgage debt assumed for acquisitions of hotel properties	0	0	43,172
Fair value of common units issued for acquisition of hotel	$ 0	$ 0	$ 3,685