CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($) shares in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Revenues:
Hotel operating revenues	$ 1,730,326	$ 1,634,654	$ 1,474,757
Rental income	312,377	283,115	258,062
FF&E reserve income	4,508	4,135	3,503
Total revenues	2,047,211	1,921,904	1,736,322
Expenses:
Hotel operating expenses	1,202,538	1,143,981	1,035,138
Depreciation and amortization	357,342	329,776	315,878
General and administrative	99,105	109,837	45,897
Acquisition related costs	1,367	2,375	239
Total expenses	1,660,352	1,585,969	1,397,152
Operating income	386,859	335,935	339,170
Dividend income	2,001	2,640	0
Interest income	274	44	77
Interest expense (including amortization of deferred financing costs and debt discounts of $8,151, $5,849 and $5,491, respectively)	(161,913)	(144,898)	(139,486)
Loss on distribution to common shareholders of The RMR Group Inc. common stock	0	(36,773)	0
Loss on early extinguishment of debt	(228)	0	(855)
Income before income taxes, equity in earnings of an investee and gain on sale of real estate	226,993	156,948	198,906
Income tax expense	(4,020)	(1,566)	(1,945)
Equity in earnings of an investee	137	21	94
Income before gain on sale of real estate	223,110	155,403	197,055
Gain on sale of real estate	0	11,015	130
Net income	223,110	166,418	197,185
Preferred distributions	(20,664)	(20,664)	(20,664)
Comprehensive income	278,216	125,091	207,037
Net income available for common shareholders	202,446	145,754	176,521
Net income	223,110	166,418	197,185
Other comprehensive income (loss):
Unrealized gain (loss) on investment securities	54,954	(41,307)	9,849
Equity interest in investee’s unrealized gains (losses)	152	(20)	3
Other comprehensive income (loss)	$ 55,106	$ (41,327)	$ 9,852
Weighted average common shares outstanding (basic) (in shares)	156,062	150,709	149,652
Weighted average common shares outstanding (diluted) (in shares)	156,088	151,002	149,817
Net income available for common shareholders per common share: Basic and diluted (in dollars per share)	$ 1.30	$ 0.97	$ 1.18