CONSOLIDATED STATEMENTS OF INCOME AND COMPREHENSIVE INCOME - USD ($) shares in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Revenues:
Hotel operating revenues	$ 1,634,654	$ 1,474,757	$ 1,310,969
Rental income	283,115	258,062	251,866
FF&E reserve income	4,135	3,503	1,020
Total revenues	1,921,904	1,736,322	1,563,855
Expenses:
Hotel operating expenses	1,143,981	1,035,138	929,581
Depreciation and amortization	329,776	315,878	299,323
General and administrative	109,837	45,897	50,087
Acquisition related costs	2,375	239	3,273
Loss on asset impairment			8,008
Total expenses	1,585,969	1,397,152	1,290,272
Operating income	335,935	339,170	273,583
Dividend income	2,640
Interest income	44	77	121
Interest expense (including amortization of deferred financing costs and debt discounts of $5,849, $5,491 and $6,204, respectively)	(144,898)	(139,486)	(145,954)
Loss on distribution to common shareholders of The RMR Group Inc. common stock	(36,773)
Loss on early extinguishment of debt		(855)
Income before income taxes, equity in earnings of an investee and gain on sale of real estate	156,948	198,906	127,750
Income tax benefit (expense)	(1,566)	(1,945)	5,094
Equity in earnings of an investee	21	94	334
Income before gain on sale of real estate	155,403	197,055	133,178
Gain on sale of real estate	11,015	130
Net income	166,418	197,185	133,178
Excess of liquidation preference over carrying value of preferred shares redeemed			(5,627)
Preferred distributions	(20,664)	(20,664)	(26,559)
Net income available for common shareholders	145,754	176,521	100,992
Net income	166,418	197,185	133,178
Other comprehensive income (loss):
Unrealized gain (loss) on investment securities	(41,307)	9,849	13,233
Equity interest in investee's unrealized gains (losses)	(20)	3	(51)
Other comprehensive income (loss)	(41,327)	9,852	13,182
Comprehensive income	$ 125,091	$ 207,037	$ 146,360
Weighted average common shares outstanding (basic)	150,709	149,652	137,421
Weighted average common shares outstanding (diluted)	151,002	149,817	137,514
Net income available for common shareholders per common share: Basic and diluted	$ 0.97	$ 1.18	$ 0.73