CONSOLIDATED STATEMENTS OF INCOME AND COMPREHENSIVE INCOME - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Revenues:
Hotel operating revenues	$ 437,171	$ 394,973	$ 1,243,744	$ 1,112,157
Rental income	73,747	63,837	207,561	190,959
FF&E reserve income	968	829	3,159	2,673
Total revenues	511,886	459,639	1,454,464	1,305,789
Expenses:
Hotel operating expenses	308,603	279,560	870,689	780,955
Depreciation and amortization	84,261	79,649	243,812	236,699
General and administrative	19,831	16,798	53,820	41,429
Acquisition related costs	851	14	1,986	237
Total expenses	413,546	376,021	1,170,307	1,059,320
Operating income	98,340	83,618	284,157	246,469
Interest income	11	13	32	63
Interest expense (including amortization of deferred financing costs and debt discounts of $1,458 and $1,361, $4,374 and $4,034, respectively)	(36,628)	(34,304)	(107,918)	(104,101)
Loss on early extinguishment of debt		(129)		(855)
Income before income taxes, equity in earnings of an investee and gain on sale of real estate	61,723	49,198	176,271	141,576
Income tax benefit	(514)	(39)	(1,445)	(1,110)
Equity in earnings (losses) of an investee	(24)	38	71	66
Income before gain on sale of real estate	61,185	49,197	174,897	140,532
Gain on sale of real estate			11,015	130
Net income	61,185	49,197	185,912	140,662
Preferred distributions	(5,166)	(5,166)	(15,498)	(15,498)
Net income available for common shareholders	56,019	44,031	170,414	125,164
Net income	61,185	49,197	185,912	140,662
Other comprehensive income (loss):
Unrealized gain (loss) on investment securities	(15,458)	3,420	(7,832)	479
Equity interest in investee's unrealized gains (losses)	(72)	(33)	(91)	9
Other comprehensive income (loss)	(15,530)	3,387	(7,923)	488
Comprehensive income	$ 45,655	$ 52,584	$ 177,989	$ 141,150
Weighted average common shares outstanding (basic)	151,359	149,665	150,476	149,616
Weighted average common shares outstanding (diluted)	151,386	150,007	150,863	149,834
Net income available for common shareholders per common share: Basic and diluted	$ 0.37	$ 0.29	$ 1.13	$ 0.84