CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015
Revenues:
Hotel operating revenues	$ 464,173	$ 437,171	$ 1,332,586	$ 1,243,744
Rental income	78,278	73,747	231,830	207,561
FF&E reserve income	1,065	968	3,517	3,159
Total revenues	543,516	511,886	1,567,933	1,454,464
Expenses:
Hotel operating expenses	322,012	308,603	923,239	870,689
Depreciation and amortization	90,139	84,261	266,192	243,812
General and administrative	37,739	19,831	91,127	53,820
Acquisition related costs	156	851	885	1,986
Total expenses	450,046	413,546	1,281,443	1,170,307
Operating income (loss)	93,470	98,340	286,490	284,157
Dividend income	626		1,375
Interest income	89	11	227	32
Interest expense (including amortization of debt issuance costs and debt discounts of $2,122, $1,458, $6,114 and $4,374, respectively)	(41,280)	(36,628)	(124,564)	(107,918)
Loss on early extinguishment of debt	(158)		(228)
Income before income taxes, equity in earnings (losses) of an investee and gain on sale of real estate	52,747	61,723	163,300	176,271
Income tax expense	(948)	(514)	(3,483)	(1,445)
Equity in earnings (losses) of an investee	13	(24)	107	71
Income before gain on sale of real estate	51,812	61,185	159,924	174,897
Gain on sale of real estate				11,015
Net income	51,812	61,185	159,924	185,912
Other comprehensive income (loss):
Unrealized gain (loss) on investment securities	14,032	(15,458)	51,253	(7,832)
Equity interest in investee’s unrealized gains (losses)	80	(72)	175	(91)
Other comprehensive income (loss)	14,112	(15,530)	51,428	(7,923)
Comprehensive income	65,924	45,655	211,352	177,989
Net income	51,812	61,185	159,924	185,912
Preferred distributions	(5,166)	(5,166)	(15,498)	(15,498)
Net income available for common shareholders	$ 46,646	$ 56,019	$ 144,426	$ 170,414
Weighted average common shares outstanding (basic) (in shares)	157,217	151,359	153,357	150,476
Weighted average common shares outstanding (diluted) (in shares)	157,263	151,386	153,390	150,863
Net income available for common shareholders per common share: Basic and diluted (in dollars per share)	$ 0.30	$ 0.37	$ 0.94	$ 1.13