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Earnings per Common Share (Tables)
 9 Months Ended
Sep. 30, 2014
Earnings Per Share [Abstract]  
Schedule of computation of basic and diluted earnings per common share
The computation of basic and diluted earnings per common share is as follows (in thousands, except share and per share data):
 
 
For the three months ended September 30,
 
For the nine months ended September 30,
 
2014
 
2013
 
2014
 
2013
Numerator:
 

 
 

 
 

 
 

Income from continuing operations attributable to common shareholders, including loss on disposal of hotel properties
$
36,760

 
$
33,334

 
$
101,596

 
$
80,166

Add: Income from discontinued operations
—

 
3,135

 
—

 
5,310

Net income attributable to common shareholders
36,760

 
36,469

 
101,596

 
85,476

Less: Dividends paid on unvested restricted shares
(262
)
 
(216
)
 
(731
)
 
(712
)
Less: Undistributed earnings attributable to unvested restricted shares
—

 
(97
)
 
(39
)
 
(86
)
Net income attributable to common shareholders excluding amounts attributable to unvested restricted shares
$
36,498

 
$
36,156

 
$
100,826

 
$
84,678

Denominator:
 

 
 

 
 

 
 

Weighted-average number of common shares - basic
131,106,440


121,594,219


126,070,309


116,697,417

Unvested restricted shares
318,145

 
249,029

 
306,630

 
212,672

Unvested performance units
962,258

 
906,873

 
920,962

 
887,581

Weighted-average number of common shares - diluted
132,386,843


122,750,121


127,297,901


117,797,670

 
 
 
 
 
 
 
 
Income from continuing operations attributable to common shareholders, including loss on disposal of hotel properties - basic
$
0.28

 
$
0.27

 
$
0.80

 
$
0.68

Discontinued operations
—

 
0.03

 
—

 
0.05

Net income attributable to common shareholders - basic
$
0.28

 
$
0.30

 
$
0.80

 
$
0.73

 
 
 
 
 
 
 
 
Income from continuing operations attributable to common shareholders, including loss on disposal of hotel properties - diluted
$
0.28

 
$
0.27

 
$
0.79

 
$
0.67

Discontinued operations
—

 
0.03

 
—

 
0.05

Net income attributable to common shareholders - diluted
$
0.28

 
$
0.30

 
$
0.79

 
$
0.72