CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($) shares in Thousands, $ in Thousands	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
Revenues:
Hotel operating revenues	$ 445,276	$ 408,236
Rental income	81,993	79,139
FF&E reserve income	1,364	1,227
Total revenues	528,633	488,602
Expenses:
Hotel operating expenses	314,982	282,723
Depreciation and amortization	99,617	93,451
General and administrative	11,734	32,346
Total expenses	426,333	408,520
Operating income (loss)	102,300	80,082
Dividend income	626	626
Unrealized gains and losses on equity securities, net	24,955	0
Interest income	292	257
Interest expense (including amortization of debt issuance costs and debt discounts and premiums of $2,478 and $2,152, respectively)	(47,540)	(43,566)
Income before income taxes and equity in earnings of an investee	80,633	37,399
Income tax expense	(471)	(356)
Equity in earnings of an investee	44	128
Net income (loss)	80,206	37,171
Other comprehensive income:
Unrealized gain on investment securities	0	21,618
Equity interest in investee’s unrealized gains (losses)	(93)	121
Other comprehensive income (loss)	(93)	21,739
Comprehensive income	80,113	58,910
Net income	80,206	37,171
Preferred distributions	0	(1,435)
Excess of liquidation preference over carrying value of preferred shares redeemed	0	(9,893)
Net income available for common shareholders	$ 80,206	$ 25,843
Weighted average common shares outstanding (basic) (in shares)	164,199	164,120
Weighted average common shares outstanding (diluted) (in shares)	164,219	164,149
Net income available for common shareholders per common share (basic and diluted) (in dollars per share)	$ 0.49	$ 0.16