Consolidated Statements of Cash Flows - USD ($)	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Cash flows from operating activities
Net income	$ 75,739,000	$ 201,314,000	$ 219,812,000
Adjustments to reconcile net income to cash flow provided by operating activities:
Gain on sale of hotel properties	(8,980,000)	(45,929,000)	(28,398,000)
Gain (Loss) on Investments	(2,670,000)	0	0
Depreciation and amortization	186,993,000	162,500,000	156,226,000
Amortization of deferred financing costs	3,499,000	3,965,000	4,164,000
Amortization of Debt Discount (Premium)	(2,098,000)	751,000	784,000
Income (Loss) from Equity Method Investments	(133,000)	0	0
Proceeds from Equity Method Investment, Distribution	1,900,000	0	0
Accretion of interest income on investment in loan	(664,000)	(613,000)	(389,000)
Impairment loss	0	0	1,003,000
Share grants to trustees	0	57,000	132,000
Amortization of share-based compensation	10,607,000	5,990,000	13,002,000
Deferred income taxes	40,140,000	6,994,000	(40,554,000)
Changes in assets and liabilities:
Hotel and other receivables, net	(5,686,000)	(263,000)	115,000
Prepaid expense and other assets	3,805,000	(5,162,000)	4,802,000
Accounts payable and other liabilities	(27,575,000)	2,870,000	(5,502,000)
Advance deposits and deferred revenue	(5,307,000)	328,000	1,617,000
Accrued interest	(8,975,000)	(1,439,000)	2,100,000
Net cash flow provided by operating activities	260,595,000	331,363,000	328,914,000
Payments to acquire FelCor Lodging Trust	24,883,000	0	0
Cash flows from investing activities
Acquisition of hotel properties, net	0	0	(142,221,000)
Proceeds from the sale of hotel properties, net	180,279,000	269,185,000	246,405,000
Improvements and additions to hotel properties	(102,989,000)	(83,780,000)	(149,225,000)
Additions to property and equipment	(219,000)	(283,000)	(659,000)
Payments for (Proceeds from) Investments	12,792,079	0	0
Net cash flow provided by (used in) investing activities	64,980,000	185,122,000	(45,700,000)
Cash flows from financing activities
Borrowings under Revolver	0	51,000,000	0
Repayments under Revolver	0	(51,000,000)	0
Borrowings on Term Loans	0	0	150,000,000
Repayments of Senior Notes	(990,000)	0	0
Proceeds from mortgage loans	0	11,000,000	7,000,000
Payments of mortgage loans principal	(4,770,000)	(3,651,000)	(166,587,000)
Repurchase of common shares under a share repurchase program	(2,610,000)	(13,271,000)	(225,186,000)
Repurchase of common shares to satisfy employee withholding requirements	(3,050,000)	(5,502,000)	(12,020,000)
Payments of Ordinary Dividends, Preferred Stock and Preference Stock	(6,279,000)	0	0
Distributions on common shares	(169,942,000)	(164,364,000)	(170,092,000)
Distributions on Operating Partnership units	(775,000)	(838,000)	(1,160,000)
Payments of deferred financing costs	(1,582,000)	(5,369,000)	(839,000)
Payments of Distributions to Affiliates	(496,000)	0	0
Cash received from a noncontrolling interest	117,000	0	0
Contributions from a noncontrolling interest	(117,000)
Distributions to joint venture partners	0	(259,000)	(195,000)
Net cash flow used in financing activities	(190,377,000)	(182,254,000)	(419,079,000)
Net change in cash and cash equivalents	135,198,000	334,231,000	(135,865,000)
Cash, cash equivalents, and restricted cash reserves, end of year	586,470,000	456,672,000	134,192,000
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents	$ 659,076,000	$ 523,878,000	$ 189,647,000