Earnings per Common Share (Tables)

12 Months Ended

Dec. 31, 2014

Earnings Per Share [Abstract]

Schedule of computation of basic and diluted earnings per common share

The computation of basic and diluted earnings per common share is as follows (in thousands, except share and per share data):

	For the year ended December 31,
	2014			2013			2012
Numerator:
Income from continuing operations attributable to common shareholders, including gain on disposal of hotel properties	$	135,441		$	105,539		$	43,423
Add: Income (loss) from discontinued operations	—			7,382			(2,125		)
Net income attributable to common shareholders	135,441			112,921			41,298
Less: Dividends paid on unvested restricted shares	(951		)	(936		)	(802		)
Less: Undistributed earnings attributable to unvested restricted shares	—			(61		)	—
Net income attributable to common shareholders excluding amounts attributable to unvested restricted shares	$	134,490		$	111,924		$	40,496
Denominator:
Weighted-average number of common shares - basic	127,360,669			117,950,066			105,423,604
Unvested restricted shares	316,020			251,217			59,587
Unvested performance units	617,154			537,343			265,495
Weighted-average number of common shares - diluted	128,293,843			118,738,626			105,748,686
Basic per common share data:
Net income per share attributable to common shareholders before discontinued operations - basic	$	1.06		$	0.89		$	0.40
Discontinued operations	—			0.06			(0.02		)
Net income per share attributable to common shareholders - basic	$	1.06		$	0.95		$	0.38
Diluted per common share data:
Net income per share attributable to common shareholders before discontinued operations - diluted	$	1.05		$	0.88		$	0.40
Discontinued operations	—			0.06			(0.02		)
Net income per share attributable to common shareholders - diluted	$	1.05		$	0.94		$	0.38