Consolidated Statements of Cash Flows - USD ($)	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Cash flows from operating activities
Net income	$ 190,862,000	$ 75,739,000	$ 201,314,000
Adjustments to reconcile net income to cash flow provided by operating activities:
Gain on sale of hotel properties, net	(30,941,000)	(8,980,000)	(45,929,000)
Gain (Loss) on Extinguishment of Debt	(5,996,000)	0	0
Gain (Loss) on Investments	0	(2,670,000)	0
Depreciation and amortization	241,641,000	186,993,000	162,500,000
Amortization of deferred financing costs	3,504,000	3,499,000	3,965,000
Amortization of Debt Discount (Premium)	(3,081,000)	(2,098,000)	751,000
Income (Loss) from Equity Method Investments	(636,000)	(133,000)	0
Proceeds from Equity Method Investment, Distribution	2,591,000	1,900,000	0
Accretion of interest income on an investment in loan	0	(664,000)	(613,000)
Impairment loss		0
Share grants to trustees	0	0	57,000
Amortization of share-based compensation	12,251,000	10,607,000	5,990,000
Deferred income taxes	8,384,000	40,140,000	6,994,000
Changes in assets and liabilities:
Hotel and other receivables, net	5,580,000	(5,686,000)	(263,000)
Prepaid expense and other assets	351,000	3,805,000	(5,162,000)
Accounts payable and other liabilities	(20,590,000)	(27,575,000)	2,870,000
Advance deposits and deferred revenue	82,000	(5,307,000)	328,000
Accrued interest	(9,168,000)	(8,975,000)	(1,439,000)
Net cash flow provided by operating activities	394,834,000	260,595,000	331,363,000
Payments to acquire FelCor Lodging Trust	0	24,883,000	0
Cash flows from investing activities
Proceeds from the sale of hotel properties, net	475,063,000	180,279,000	269,185,000
Improvements and additions to hotel properties	(197,320,000)	(102,989,000)	(83,780,000)
Additions to property and equipment	(279,000)	(219,000)	(283,000)
Cash Paid to Equity Method Investment, Contribution	(350,000)	0	0
Payments for (Proceeds from) Investments	0	12,792,000	0
Net cash flow provided by investing activities	277,114,000	64,980,000	185,122,000
Cash flows from financing activities
Borrowings under Revolver	300,000,000	0	51,000,000
Repayments under Revolver	(300,000,000)	0	(51,000,000)
Repayments of Senior Notes	(539,026,000)	(990,000)	0
Proceeds from mortgage loans	0	0	11,000,000
Scheduled Payments of Secured Debt	6,335,000	4,770,000	3,651,000
Scheduled mortgage loan principal payments	(113,137,000)	0	0
Repurchase of common shares under a share repurchase program	(21,814,000)	(2,610,000)	(13,271,000)
Repurchase of common shares to satisfy employee tax withholding requirements	(3,585,000)	(3,050,000)	(5,502,000)
Payments of Ordinary Dividends, Preferred Stock and Preference Stock	(25,115,000)	(6,279,000)	0
Distributions on common shares	(231,188,000)	(169,942,000)	(164,364,000)
Distributions on Operating Partnership units	(1,036,000)	(775,000)	(838,000)
Payments to Redeem Operating Partnership Units	(14,000)	0	0
Payments of deferred financing costs	(3,640,000)	(1,582,000)	(5,369,000)
Payments of Distributions to Affiliates	(1,483,000)	(496,000)	0
Cash received from a noncontrolling interest	191,000	117,000	0
Contributions from a noncontrolling interest	(191,000)	(117,000)
Distributions to joint venture partners	0	0	(259,000)
Net cash flow used in financing activities	(946,182,000)	(190,377,000)	(182,254,000)
Net change in cash, cash equivalents, and restricted cash reserves	(274,234,000)	135,198,000	334,231,000
Cash, cash equivalents, and restricted cash reserves, end of year	320,147,000	586,470,000	456,672,000
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents	$ 384,842,000	$ 659,076,000	$ 523,878,000