CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($) shares in Thousands, $ in Thousands	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Revenues:
Hotel operating revenues	$ 396,503	$ 369,596
Rental income	76,259	64,751
FF&E reserve income	1,356	1,165
Total revenues	474,118	435,512
Expenses:
Hotel operating expenses	276,305	257,658
Depreciation and amortization	87,271	78,969
General and administrative	16,023	21,304
Acquisition related costs	612	338
Total expenses	380,211	358,269
Operating income	93,907	77,243
Interest income	98	11
Interest expense (including amortization of debt issuance costs and debt discounts of $1,865 and $1,458, respectively)	(41,586)	(35,454)
Loss on early extinguishment of debt	(70)
Income before income taxes and equity in earnings of an investee	52,349	41,800
Income tax expense	(375)	(291)
Equity in earnings of an investee	77	72
Net income	52,051	41,581
Preferred distributions	(5,166)	(5,166)
Net income available for common shareholders	46,885	36,415
Net income	52,051	41,581
Other comprehensive income:
Unrealized gain on investment securities	17,545	16,484
Equity interest in investee?s unrealized gains	52	45
Other comprehensive income	17,597	16,529
Comprehensive income	$ 69,648	$ 58,110
Weighted average common shares outstanding (basic)	151,402	149,792
Weighted average common shares outstanding (diluted)	151,415	150,906
Net income available for common shareholders per common share: Basic and diluted	$ 0.31	$ 0.24