Consolidated Statements of Cash Flows - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018
Cash flows from operating activities
Net income	$ 94,468	$ 162,943
Adjustments to reconcile net income to cash flow provided by operating activities:
Loss (gain) on sale of hotel properties, net	25,872	(32,957)
Gain (Loss) on Extinguishment of Debt	0	(6,010)
Depreciation and amortization	162,654	183,429
Amortization of deferred financing costs	3,018	2,688
Other amortization	(1,499)	(2,450)
Unrealized Gain (Loss) on Cash Flow Hedging Instruments	402	0
Income (Loss) from Equity Method Investments	2,919	(637)
Distributions of income from unconsolidated joint ventures	1,295	2,050
Amortization of share-based compensation	8,708	9,722
Deferred income taxes	2,950	6,145
Changes in assets and liabilities:
Hotel and other receivables, net	(5,270)	(18,420)
Prepaid expense and other assets	2,942	12,871
Accounts payable and other liabilities	(1,606)	(6,916)
Advance deposits and deferred revenue	2,905	3,801
Accrued interest	5,793	(2,785)
Net cash flow provided by operating activities	305,551	313,474
Cash flows from investing activities
Proceeds from the sale of hotel properties, net	623,575	447,737
Improvements and additions to hotel properties	(117,871)	(144,311)
Cash Paid to Equity Method Investment, Contribution	(603)	0
Distributions from unconsolidated joint ventures in excess of earnings	2,436	0
Net cash flow provided by investing activities	507,537	303,426
Cash flows from financing activities
Borrowings under Revolver	140,000	300,000
Repayment of borrowings under Revolver	(140,000)	(300,000)
Repayments of Senior Notes	0	(539,025)
Proceeds from mortgage loans	381,000	0
Scheduled mortgage loan principal payments	(3,172)	(4,818)
Proceeds from (Repayments of) Secured Debt	(374,500)	(28,124)
Repurchase of common shares under a share repurchase program	(65,635)	0
Repurchase of common shares to satisfy employee tax withholding requirements	(1,293)	(2,925)
Payments of Ordinary Dividends, Preferred Stock and Preference Stock	(18,836)	(18,836)
Distributions on common shares	(171,978)	(173,367)
Distributions on and redemption of Operating Partnership units	(888)	(766)
Payments of deferred financing costs	(4,687)	(3,615)
Payments of Distributions to Affiliates	(312)	(1,113)
Redemption of preferred equity - consolidated joint venture	(45,583)	0
Contributions from consolidated joint venture partners	2,446	110
Net cash flow used in financing activities	(303,438)	(772,479)
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Excluding Exchange Rate Effect	509,650	(155,579)
Cash, cash equivalents, and restricted cash reserves, beginning of year	384,842	659,076
Cash, cash equivalents, and restricted cash reserves, end of period	$ 894,492	$ 503,497