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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Statement of Cash Flows [Abstract]      
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest $ 87,796 $ 91,877 $ 114,796
Adjustments to reconcile net income to net cash provided by operating activities:      
Real estate depreciation 104,524 99,090 97,444
Corporate asset depreciation as corporate expenses 216 95 66
Loss (gain) on sale of hotel properties, net 0 764 (10,698)
Loss on early extinguishment of debt 0 274 0
Non-cash ground rent 7,305 6,290 5,671
Non-cash amortization of financing costs and interest rate cap as interest 1,862 1,950 2,302
Impairment losses 0 43,993 0
Estimated recovery of impairment losses from insurance 0 (40,784) 0
Amortization of favorable and unfavorable contracts, net (1,969) (1,912) (1,912)
Amortization of deferred income related to key money (2,568) (5,760) (2,851)
Stock-based compensation 5,573 6,201 5,321
Deferred income tax expense 1,591 7,702 10,405
Changes in assets and liabilities:      
Prepaid expenses and other assets 28,657 (26,333) 17,007
Due to/from hotel managers (5,686) 1,540 (1,056)
Accounts payable and accrued expenses (7,997) 17,006 (20,969)
Net cash provided by operating activities 219,304 201,993 215,526
Cash flows from investing activities:      
Hotel capital expenditures (115,171) (97,424) (102,861)
Hotel acquisitions (259,883) (93,795) 0
Proceeds from sale of properties, net 0 (764) 175,300
Proceeds from property insurance 30,742 10,042 0
Net cash (used in) provided by investing activities (344,312) (181,941) 72,439
Cash flows from financing activities:      
Scheduled mortgage debt principal payments (13,612) (12,417) (11,198)
Repurchase of common stock and other (33,113) (537) (7,197)
Proceeds from sale of common stock, net 92,679 0 0
Repayments of mortgage debt 0 (170,368) (249,793)
Proceeds from senior unsecured term loan 50,000 200,000 100,000
Draws on senior unsecured credit facility 85,000 0 75,000
Repayments of senior unsecured credit facility (85,000) 0 (75,000)
Payment of financing costs (412) (1,579) (2,765)
Payment of cash dividends (102,709) (100,542) (100,771)
Net cash used in financing activities (7,167) (85,443) (271,724)
Net (decrease) increase in cash and cash equivalents, and restricted cash (132,175) (65,391) 16,241
Cash, cash equivalents, and restricted cash beginning of year 223,773 289,164 272,923
Cash, cash equivalents, and restricted cash, end of year 91,598 223,773 289,164
Supplemental Disclosure of Cash Flow Information:      
Cash paid for interest 38,548 36,288 40,345
Cash paid for income taxes 2,208 3,251 1,973
Non-cash Investing and Financing Activities:      
Buyer assumption of mortgage debt on sale of hotel 0 0 89,486
Issuance of OP units in connection with acquisition of hotel property 7,784 0 0
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents [Abstract]      
Total cash, cash equivalents, and restricted cash $ 223,773 $ 289,164 $ 272,923