CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Revenues:
Hotel operating revenues	$ 471,910	$ 436,977	$ 868,413	$ 806,573
Rental income	77,293	69,063	153,552	133,814
FF&E reserve income	1,096	1,026	2,452	2,191
Total revenues	550,299	507,066	1,024,417	942,578
Expenses:
Hotel operating expenses	324,922	304,428	601,227	562,086
Depreciation and amortization	88,782	80,582	176,053	159,551
General and administrative	37,365	12,685	53,388	33,989
Acquisition related costs	117	797	729	1,135
Total expenses	451,186	398,492	831,397	756,761
Operating income	99,113	108,574	193,020	185,817
Dividend income	749		749
Interest income	40	10	138	21
Interest expense (including amortization of debt issuance costs and debt discounts of $2,127 and $1,458 and $3,993 and $2,916, respectively)	(41,698)	(35,836)	(83,284)	(71,290)
Loss on early extinguishment of debt			(70)
Income before income taxes and equity in earnings of an investee and gain on sale of real estate	58,204	72,748	110,553	114,548
Income tax expense	(2,160)	(640)	(2,535)	(931)
Equity in earnings of an investee	17	23	94	95
Income before gain on sale of real estate	56,061	72,131	108,112	113,712
Gain on sale of real estate		11,015		11,015
Net income (loss)	56,061	83,146	108,112	124,727
Other comprehensive income:
Unrealized gain (loss) on investment securities	19,676	(8,858)	37,221	7,626
Equity interest in investee's unrealized gains (losses)	43	(64)	95	(19)
Other comprehensive income (loss)	19,719	(8,922)	37,316	7,607
Comprehensive income	75,780	74,224	145,428	132,334
Net income	56,061	83,146	108,112	124,727
Preferred distributions	(5,166)	(5,166)	(10,332)	(10,332)
Net income available for common shareholders	$ 50,895	$ 77,980	$ 97,780	$ 114,395
Weighted average common shares outstanding (basic)	151,408	150,260	151,405	150,028
Weighted average common shares outstanding (diluted)	151,442	150,292	151,428	150,594
Net income available for common shareholders per common share: Basic and diluted	$ 0.34	$ 0.52	$ 0.65	$ 0.76