Consolidated Statements of Cash Flows - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
OPERATING ACTIVITIES
Net income	$ 82,348	$ 91,126	$ 99,521
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	99,445	101,013	85,927
Amortization of deferred financing costs	1,485	1,973	2,022
Loss on impairment of assets	2,521	1,075	0
Equity-based compensation	6,219	6,665	5,887
Deferred tax asset, net	(12)	(430)	887
Realization of deferred gain	0	0	(15,000)
Gain on disposal of assets, net	(45,418)	(41,474)	(28,209)
Non-cash interest income	(2,477)	(2,045)	(284)
Debt transaction costs	1,892	401	195
Other	469	770	285
Changes in operating assets and liabilities:
Trade receivables, net	511	2,787	(5,032)
Prepaid expenses and other	552	(1,127)	(2,454)
Accounts payable	(314)	(424)	(491)
Accrued expenses and other	1,257	1,341	4,595
NET CASH PROVIDED BY OPERATING ACTIVITIES	148,478	161,651	147,849
INVESTING ACTIVITIES
Acquisitions of hotel properties and land	(282,557)	(71,002)	(588,822)
Improvements to hotel properties	(59,268)	(66,610)	(37,191)
Investment in hotel properties under development	0	(13,430)	(20,993)
Proceeds from asset dispositions, net	165,724	104,030	120,733
Funding of real estate loans	(8,363)	(16,245)	(17,935)
Proceeds from principal payments on real estate loans	2,300	200	32,500
NET CASH USED IN INVESTING ACTIVITIES	(182,164)	(63,057)	(511,708)
FINANCING ACTIVITIES
Proceeds from issuance of debt	360,000	815,000	667,640
Principal payments on debt	(302,287)	(723,098)	(452,082)
Proceeds from equity offerings, net of issuance costs	0	0	318,307
Redemption of preferred stock	0	(85,000)	(75,025)
Dividends paid	(90,783)	(92,245)	(85,635)
Proceeds from contribution by joint venture partner	68,712	0	0
Financing fees on debt and other issuance costs	(3,840)	(3,978)	(1,953)
Repurchase of common shares for withholding requirements	(839)	(2,724)	(961)
NET CASH PROVIDED BY (USED IN) FINANCING ACTIVITIES	30,963	(92,045)	370,291
Net change in cash, cash equivalents and restricted cash	(2,723)	6,549	6,432
CASH, CASH EQUIVALENTS AND RESTRICTED CASH
Beginning of period	72,556	66,007	59,575
End of period	69,833	72,556	66,007
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION
Cash payments for interest	41,648	38,743	27,362
Accrued improvements to hotel properties	4,856	6,084	7,074
Capitalized interest	0	446	301
Cash payments for income taxes, net of refunds	$ (229)	$ 839	$ 623