Earnings per Common Share (Tables)

12 Months Ended

Dec. 31, 2015

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,
	2015			2014			2013
Numerator:
Income from continuing operations attributable to common shareholders, including gain on disposal of hotel properties	$	218,221		$	135,441		$	105,539
Add: Income from discontinued operations	—			—			7,382
Net income attributable to common shareholders	218,221			135,441			112,921
Less: Dividends paid on unvested restricted shares	(1,180		)	(951		)	(936		)
Less: Undistributed earnings attributable to unvested restricted shares	(378		)	—			(61		)
Net income attributable to common shareholders excluding amounts attributable to unvested restricted shares	$	216,663		$	134,490		$	111,924
Denominator:
Weighted-average number of common shares - basic	128,444,469			127,360,669			117,950,066
Unvested restricted shares	523,285			316,020			251,217
Unvested performance units	—			617,154			537,343
Weighted-average number of common shares - diluted	128,967,754			128,293,843			118,738,626
Basic per common share data:
Net income per share attributable to common shareholders before discontinued operations - basic	$	1.69		$	1.06		$	0.89
Discontinued operations	—			—			0.06
Net income per share attributable to common shareholders - basic	$	1.69		$	1.06		$	0.95
Diluted per common share data:
Net income per share attributable to common shareholders before discontinued operations - diluted	$	1.68		$	1.05		$	0.88
Discontinued operations	—			—			0.06
Net income per share attributable to common shareholders - diluted	$	1.68		$	1.05		$	0.94