Combined Consolidated Statements of Cash Flows (USD $) In Thousands, unless otherwise specified	12 Months Ended
Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Cash flows from operating activities:
Net income	$ 136,480us-gaap_ProfitLoss	$ 114,179us-gaap_ProfitLoss	$ 41,319us-gaap_ProfitLoss
Adjustments to reconcile net income to cash flow provided by operating activities:
Gain on extinguishment of indebtedness	0	(5,708)	0
Provision for Other Losses	804us-gaap_ProvisionForOtherLosses
Gain on sale of property	(353)	(2,081)	0
Gain on foreclosure	0	(4,863)	0
Depreciation and amortization	144,294	127,430	126,798
Amortization of deferred financing costs	4,298us-gaap_AmortizationOfFinancingCosts	4,484us-gaap_AmortizationOfFinancingCosts	5,452us-gaap_AmortizationOfFinancingCosts
Amortization of deferred management fees	954	1,128	1,000
Accretion of interest income on investment in loans	(248)	(513)	0
Impairment loss	9,200us-gaap_ImpairmentOfRealEstate	0us-gaap_ImpairmentOfRealEstate	896us-gaap_ImpairmentOfRealEstate
Loss on disposal	0us-gaap_GainLossOnDispositionOfAssets	0us-gaap_GainLossOnDispositionOfAssets	634us-gaap_GainLossOnDispositionOfAssets
Share grants to trustees	127	124	160
Amortization of share based compensation	15,088us-gaap_ShareBasedCompensation	13,078us-gaap_ShareBasedCompensation	8,626us-gaap_ShareBasedCompensation
Deferred income taxes	(642)us-gaap_DeferredIncomeTaxExpenseBenefit	(839)us-gaap_DeferredIncomeTaxExpenseBenefit	(87)us-gaap_DeferredIncomeTaxExpenseBenefit
Changes in assets and liabilities:
Hotel and other receivables, net	(2,122)	716	(2,493)
Prepaid expense and other assets	(3,513)	2,924	(5,851)
Accounts payable and other liabilities	(5,096)	(114)	(3,992)
Advance deposits and deferred revenue	(526)	1,030	3,503
Accrued interest	88	411	169
Net cash flow provided by operating activities	298,833	251,386	176,134
Net cash flow provided by operating activities
Cash flows from investing activities:	(631,640)	(208,195)	(247,049)
Payments for Application of Purchase Deposit	7,246	2,664
Purchase deposits, net			(9,910)
Proceeds from principal payments on investment in loans	0	0	207
Improvements and additions to hotel and other properties	(118,787)us-gaap_PaymentsForCapitalImprovements	(61,077)us-gaap_PaymentsForCapitalImprovements	(129,235)us-gaap_PaymentsForCapitalImprovements
Additions to property and equipment	(47)	(185)	(342)
Proceeds from sale of property	132,669us-gaap_ProceedsFromSaleOfRealEstate	2,369us-gaap_ProceedsFromSaleOfRealEstate	0us-gaap_ProceedsFromSaleOfRealEstate
Releases from restricted cash reserves, net	(624)	2,357	22,501
Net cash flow used in investing activities	(611,183)	(262,067)	(363,828)
Net cash flow used in investing activities
Borrowings under revolving credit facility	292,500us-gaap_ProceedsFromLinesOfCredit	205,500us-gaap_ProceedsFromLinesOfCredit	101,000us-gaap_ProceedsFromLinesOfCredit
Repayments under revolving credit facility	(292,500)us-gaap_RepaymentsOfLinesOfCredit	(221,500)us-gaap_RepaymentsOfLinesOfCredit	(85,000)us-gaap_RepaymentsOfLinesOfCredit
Borrowings on term loans	175,000	450,000	400,000
Proceeds from mortgage loans	143,000	150,000	85,000
Payment of mortgage principal	(170,722)us-gaap_RepaymentsOfSecuredDebt	(577,441)us-gaap_RepaymentsOfSecuredDebt	(429,084)us-gaap_RepaymentsOfSecuredDebt
Repurchase of common shares	(6,107)	(4,034)	(2,345)
Distributions on common shares	(125,143)us-gaap_PaymentsOfDividendsCommonStock	(97,316)us-gaap_PaymentsOfDividendsCommonStock	(68,752)us-gaap_PaymentsOfDividendsCommonStock
Distributions on Operating Partnership units	(878)	(736)	(551)
Payment of deferred financing costs	(4,120)us-gaap_PaymentsOfFinancingCosts	(4,952)us-gaap_PaymentsOfFinancingCosts	(6,944)us-gaap_PaymentsOfFinancingCosts
Distributions to noncontrolling interest	(1,182)	0	0
Proceeds from issuance of common shares	232,712	327,547	0
Net cash flow provided by (used in) financing activities	242,560	227,068	(6,676)
Net change in cash and cash equivalents	(69,790)	216,387	(194,370)
Cash and cash equivalents, beginning of period	332,248	115,861	310,231
Cash and cash equivalents, end of period	$ 262,458	$ 332,248	$ 115,861

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The cash outflow for acquisition of or capital improvements to properties held for investment (operating, managed, leased) or for use.

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Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

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Cash outflow related to amounts given in advance to show or confirm an intention to complete an acquisition of land, buildings, other structures, or any item classified as real estate.

+ References

No definition available.

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The cash outflow to reacquire common stock during the period.

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Amount of cash outflow in the form of ordinary dividends to common shareholders of the parent entity.

+ References

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- Definition

The cash outflow for loan and debt issuance costs.

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The cash outflow associated with the acquisition of long-lived, physical assets that are used in the normal conduct of business to produce goods and services and not intended for resale; includes cash outflows to pay for construction of self-constructed assets.

+ References

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The cash outflow associated with the purchase of real estate held for investment purposes.

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The cash inflow from the additional capital contribution to the entity.

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The cash inflow from amounts received from issuance of long-term debt that is wholly or partially secured by collateral. Excludes proceeds from tax exempt secured debt.

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-Publisher FASB

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The cash inflow from the issuance of long-term debt that is not secured by collateral. Excludes proceeds from tax exempt unsecured debt.

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Amount of cash inflow from contractual arrangement with the lender, including but not limited to, letter of credit, standby letter of credit and revolving credit arrangements.

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The cash inflow from repayments of the balance excluding interest (principal) on loans receivable and leases held for investment purposes.

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Cash received for the sale of real estate that is not part of an investing activity during the current period.

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The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest.

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Amount of expense related to other loss.

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Amount of cash outflow for payment of an obligation from a lender, including but not limited to, letter of credit, standby letter of credit and revolving credit arrangements.

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Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

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The cash outflow to repay long-term debt that is wholly or partially secured by collateral. Excludes repayments of tax exempt secured debt.

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The aggregate amount of noncash, equity-based employee remuneration. This may include the value of stock or unit options, amortization of restricted stock or units, and adjustment for officers' compensation. As noncash, this element is an add back when calculating net cash generated by operating activities using the indirect method.

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