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Document and Entity Information - USD ($)	12 Months Ended
Document and Entity Information - USD ($)	Dec. 31, 2015	Feb. 17, 2016	Jun. 30, 2015
Document and Entity Information
Entity Registrant Name	RLJ Lodging Trust
Entity Central Index Key	0001511337
Current Fiscal Year End Date	--12-31
Entity Filer Category	Large Accelerated Filer
Document Type	10-K
Document Period End Date	Dec. 31, 2015
Document Fiscal Year Focus	2015
Document Fiscal Period Focus	FY
Amendment Flag	false
Entity Common Stock, Shares Outstanding		124,627,008
Entity Well-known Seasoned Issuer	Yes
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Public Float			$ 3,774,750,201

Consolidated Balance Sheets - USD ($) $ in Thousands	Dec. 31, 2015	Dec. 31, 2014
Assets
Investment in hotel properties, net	$ 3,674,999	$ 3,518,803
Cash and cash equivalents	134,192	262,458
Restricted cash reserves	55,455	63,054
Hotel and other receivables, net of allowance of $117 and $166, respectively	25,755	25,691
Deferred financing costs, net	8,096	11,421
Deferred income tax asset	49,978	7,502
Prepaid expense and other assets	31,736	42,115
Assets of hotel properties held for sale	0	197,335
Total assets	3,980,211	4,128,379
Liabilities and Equity
Mortgage loans	407,755	532,747
Term loans	1,175,000	1,025,000
Accounts payable and other liabilities	129,192	129,388
Deferred income tax liability	9,801	7,879
Advance deposits and deferred revenue	11,647	9,984
Accrued interest	4,883	2,783
Distributions payable	41,409	42,114
Total liabilities	1,779,687	1,749,895
Commitments and Contingencies (Note 9)
Shareholders’ equity:
Preferred shares of beneficial interest, $0.01 par value, 50,000,000 shares authorized; zero shares issued and outstanding at December 31, 2015 and 2014, respectively.	0	0
Common shares of beneficial interest, $0.01 par value, 450,000,000 shares authorized; 124,635,675 and 131,964,706 shares issued and outstanding at December 31, 2015 and 2014, respectively.	1,246	1,319
Additional paid-in-capital	2,195,732	2,419,731
Accumulated other comprehensive loss	(16,602)	(13,644)
Retained earnings (distributions in excess of net earnings)	(2,439)	46,415
Total shareholders’ equity	2,182,815	2,360,991
Noncontrolling interest:
Noncontrolling interest in joint venture	6,177	6,295
Noncontrolling interest in Operating Partnership	11,532	11,198
Total noncontrolling interest	17,709	17,493
Total equity	2,200,524	2,378,484
Total liabilities and equity	$ 3,980,211	$ 4,128,379

Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Dec. 31, 2015	Dec. 31, 2014
Statement of Financial Position [Abstract]
Hotel and other receivables, allowance (in dollars)	$ 117	$ 166
Preferred shares of beneficial interest, par value (in dollars per share)	$ 0.01	$ 0.01
Preferred shares of beneficial interest, authorized (in shares)	50,000,000	50,000,000
Preferred shares of beneficial interest, issued (in shares)	0	0
Preferred shares of beneficial interest, outstanding (in shares)	0	0
Common shares of beneficial interest, par value (in dollars per share)	$ 0.01	$ 0.01
Common shares of beneficial interest, authorized (in shares)	450,000,000	450,000,000
Common shares of beneficial interest, issued (in shares)	124,635,675	131,964,706
Common shares of beneficial interest, outstanding (in shares)	124,635,675	131,964,706

Consolidated Statements of Operations and Comprehensive Income - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Operating revenue
Room revenue	$ 985,361	$ 969,402	$ 844,741
Food and beverage revenue	114,818	107,538	97,083
Other operating department revenue	36,161	32,257	28,556
Total revenue	1,136,340	1,109,197	970,380
Operating expense
Room expense	220,101	213,071	186,667
Food and beverage expense	81,117	75,468	67,945
Management and franchise fee expense	116,462	114,802	99,158
Other operating expense	239,966	243,004	221,337
Total property operating expense	657,646	646,345	575,107
Depreciation and amortization	156,226	144,294	127,231
Impairment loss	1,003	9,200	0
Property tax, insurance and other	76,682	71,443	63,627
General and administrative	37,810	41,671	35,466
Transaction and pursuit costs	3,058	4,850	4,410
Total operating expense	932,425	917,803	805,841
Operating income	203,915	191,394	164,539
Other income	1,598	807	903
Interest income	1,563	1,881	1,665
Interest expense	(54,788)	(56,810)	(64,348)
Gain on foreclosure	0	0	4,863
Income from continuing operations before income tax benefit (expense)	152,288	137,272	107,622
Income tax benefit (expense)	39,126	(1,145)	(879)
Income from continuing operations	191,414	136,127	106,743
Income from discontinued operations	0	0	7,436
Gain on disposal of hotel properties	28,398	353	0
Net income	219,812	136,480	114,179
Net income attributable to noncontrolling interests
Noncontrolling interest in consolidated joint venture	(77)	(171)	(540)
Noncontrolling interest in the Operating Partnership	(1,514)	(868)	(718)
Net income attributable to common shareholders	$ 218,221	$ 135,441	$ 112,921
Basic per common share data:
Net income per share attributable to common shareholders before discontinued operations (in dollars per share)	$ 1.69	$ 1.06	$ 0.89
Discontinued operations (in dollars per share)	0.00	0.00	0.06
Net income per share attributable to common shareholders (in dollars per share)	$ 1.69	$ 1.06	$ 0.95
Weighted-average number of common shares (in shares)	128,444,469	127,360,669	117,950,066
Diluted per common share data:
Net income per share attributable to common shareholders before discontinued operations (in dollars per share)	$ 1.68	$ 1.05	$ 0.88
Discontinued operations (in dollars per share)	0.00	0.00	0.06
Net income per share attributable to common shareholders (in dollars per share)	$ 1.68	$ 1.05	$ 0.94
Weighted-average number of common shares (in shares)	128,967,754	128,293,843	118,738,626
Amounts attributable to the Company’s common shareholders:
Income from continuing operations	$ 190,022	$ 135,090	$ 105,539
Income from discontinued operations	0	0	7,382
Gain on disposal of hotel properties	28,199	351	0
Net income attributable to common shareholders	218,221	135,441	112,921
Comprehensive income:
Net income	219,812	136,480	114,179
Unrealized loss on interest rate derivatives	(2,958)	(7,703)	(5,941)
Comprehensive income	216,854	128,777	108,238
Comprehensive income attributable to the noncontrolling interest in consolidated joint venture	(77)	(171)	(540)
Comprehensive income attributable to the noncontrolling interest in the Operating Partnership	(1,514)	(868)	(718)
Comprehensive income attributable to the Company	$ 215,263	$ 127,738	$ 106,980

Consolidated Statements of Changes in Equity - USD ($) $ in Thousands	Total	Common Stock [Member]	Additional Paid-in-Capital [Member]	Retained Earnings (Distributions in excess of net earnings) [Member]	Accumulated Other Comprehensive Loss [Member]	Total Noncontrolling Interests [Member]	Operating Partnership [Member]	Consolidated Joint Venture [Member]
Balance (in shares) at Dec. 31, 2012		106,565,516
Balance at Dec. 31, 2012	$ 1,807,911	$ 1,066	$ 1,841,449	$ (52,681)	$ 0	$ 18,077	$ 11,311	$ 6,766
Increase (Decrease) in Equity
Net income (loss)	114,179			112,921		1,258	718	540
Unrealized gain (loss) on interest rate derivatives	(5,941)				(5,941)
Proceeds from sale of common stock, net (in shares)		15,870,000
Proceeds from sale of common stock, net	327,547	$ 159	327,388
Issuance of restricted stock (in shares)		377,830
Issuance of restricted stock	0	$ 3	(3)
Amortization of share based compensation	13,078		13,078
Share grants to trustees (in shares)		5,357
Share grants to trustees	124		124
Shares acquired to satisfy minimum required federal and state tax withholding on vesting restricted stock (in shares)		(173,409)
Shares acquired to satisfy statutory minimum federal and state tax obligations on vesting restricted stock	(4,034)	$ (2)	(4,032)
Forfeiture of restricted stock (in shares)		(5,252)
Distributions on common shares and units	(106,530)			(105,762)		(768)	(768)
Balance (in shares) at Dec. 31, 2013		122,640,042
Balance at Dec. 31, 2013	2,146,334	$ 1,226	2,178,004	(45,522)	(5,941)	18,567	11,261	7,306
Increase (Decrease) in Equity
Net income (loss)	136,480			135,441		1,039	868	171
Unrealized gain (loss) on interest rate derivatives	(7,703)				(7,703)
Proceeds from sale of common stock, net (in shares)		9,200,000
Proceeds from sale of common stock, net	232,712	$ 92	232,620
Issuance of restricted stock (in shares)		343,887
Issuance of restricted stock	0	$ 3	(3)
Amortization of share based compensation	15,088		15,088
Share grants to trustees (in shares)		4,347
Share grants to trustees	127		127
Shares acquired to satisfy minimum required federal and state tax withholding on vesting restricted stock (in shares)		(211,983)
Shares acquired to satisfy statutory minimum federal and state tax obligations on vesting restricted stock	(6,107)	$ (2)	(6,105)
Forfeiture of restricted stock (in shares)		(11,587)
Distribution to joint venture partner	(1,182)					(1,182)		(1,182)
Distributions on common shares and units	(137,265)			(136,334)		(931)	(931)
Balance (in shares) at Dec. 31, 2014		131,964,706
Balance at Dec. 31, 2014	2,378,484	$ 1,319	2,419,731	(46,415)	(13,644)	17,493	11,198	6,295
Increase (Decrease) in Equity
Net income (loss)	219,812			218,221		1,591	1,514	77
Unrealized gain (loss) on interest rate derivatives	(2,958)				(2,958)
Shares acquired as part of a share repurchase program (in shares)		(8,044,372)
Shares acquired as part of a share repurchase program	(225,186)	$ (80)	(225,106)
Issuance of restricted stock (in shares)		1,126,431
Issuance of restricted stock		$ 11	(11)
Amortization of share based compensation	13,002		13,002
Share grants to trustees (in shares)		5,008
Share grants to trustees	132		132
Shares acquired to satisfy minimum required federal and state tax withholding on vesting restricted stock (in shares)		(403,722)
Shares acquired to satisfy statutory minimum federal and state tax obligations on vesting restricted stock	(12,020)	$ (4)	(12,016)
Forfeiture of restricted stock (in shares)		(12,376)
Distribution to joint venture partner	(195)					(195)		(195)
Distributions on common shares and units	(170,547)			(169,367)		(1,180)	(1,180)
Balance (in shares) at Dec. 31, 2015		124,635,675
Balance at Dec. 31, 2015	$ 2,200,524	$ 1,246	$ 2,195,732	$ 2,439	$ (16,602)	$ 17,709	$ 11,532	$ 6,177

Consolidated Statements of Cash Flows - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Cash flows from operating activities:
Net income	$ 219,812	$ 136,480	$ 114,179
Adjustments to reconcile net income to cash flow provided by operating activities:
Gain on sale of property	(28,398)	(353)	(2,081)
Gain on extinguishment of indebtedness	0	0	(5,708)
Loss on defeasance	0	804	0
Gain on foreclosure	0	0	(4,863)
Depreciation and amortization	156,226	144,294	127,430
Amortization of deferred financing costs	4,164	4,298	4,484
Amortization of deferred management fees	784	954	1,128
Accretion of interest income on investment in loans	(389)	(248)	(513)
Impairment loss	1,003	9,200	0
Share grants to trustees	132	127	124
Amortization of share-based compensation	13,002	15,088	13,078
Deferred income taxes	(40,554)	(642)	(839)
Changes in assets and liabilities:
Hotel and other receivables, net	115	(2,122)	716
Prepaid expense and other assets	4,802	(3,513)	2,924
Accounts payable and other liabilities	(5,502)	(5,096)	(114)
Advance deposits and deferred revenue	1,617	(526)	1,030
Accrued interest	2,100	88	411
Net cash flow provided by operating activities	328,914	298,833	251,386
Cash flows from investing activities:
Acquisition of hotel properties, net of cash acquired	(143,769)	(631,640)	(208,195)
Proceeds from sale of property	246,405	132,669	2,369
Purchase deposits, net	0	7,246	2,664
Improvements and additions to hotel properties	(149,225)	(118,787)	(61,077)
Additions to property and equipment	(659)	(47)	(185)
Decrease (increase) in restricted cash reserves, net	9,147	(624)	2,357
Net cash flow used in investing activities	(38,101)	(611,183)	(262,067)
Cash flows from financing activities:
Borrowings under revolving credit facility	0	292,500	205,500
Repayments under revolving credit facility	0	(292,500)	(221,500)
Borrowings on term loans	150,000	175,000	450,000
Proceeds from mortgage loans	7,000	143,000	150,000
Payments of mortgage loans principal	(166,587)	(170,722)	(577,441)
Repurchase of common shares under a share repurchase program	(225,186)	0	0
Repurchase of common shares to satisfy employee withholding requirements	(12,020)	(6,107)	(4,034)
Distributions on common shares	(170,092)	(125,143)	(97,316)
Distributions on Operating Partnership units	(1,160)	(878)	(736)
Payments of deferred financing costs	(839)	(4,120)	(4,952)
Distribution to joint venture partner	(195)	(1,182)	0
Proceeds from issuance of common shares	0	232,712	327,547
Net cash flow (used in) provided by financing activities	(419,079)	242,560	227,068
Net change in cash and cash equivalents	(128,266)	(69,790)	216,387
Cash and cash equivalents, beginning of period	262,458	332,248	115,861
Cash and cash equivalents, end of period	$ 134,192	$ 262,458	$ 332,248

Organization	12 Months Ended
Organization	Dec. 31, 2015
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Organization	Organization RLJ Lodging Trust (the "Company") was formed as a Maryland real estate investment trust ("REIT") on January 31, 2011. The Company is a self-advised and self-administered REIT that acquires primarily premium-branded, focused-service and compact full-service hotels. The Company qualified and elected to be taxed as a REIT, for U.S. federal income tax purposes, commencing with the portion of its taxable year ending December 31, 2011. Substantially all of the Company’s assets are held by, and all of its operations are conducted through RLJ Lodging Trust, L.P. (the "Operating Partnership"). The Company is the sole general partner of the Operating Partnership. As of December 31, 2015, there were 125,529,675 units of limited partnership interest in the Operating Partnership (“OP units”) outstanding and the Company owned, through a combination of direct and indirect interests, 99.3% of the outstanding OP units. As of December 31, 2015, the Company owned 126 hotel properties with approximately 20,900 rooms, located in 21 states and the District of Columbia and an interest in one mortgage loan secured by a hotel. The Company, through wholly-owned subsidiaries, owned a 100% interest in all of its properties, with the exception of the DoubleTree Metropolitan Hotel New York City, in which the Company, through wholly-owned subsidiaries, owned a 98.3% controlling interest in a joint venture, DBT Met Hotel Venture, LP, which was formed to engage in the hotel operations related to this hotel. An independent operator manages the operations of each property.

Summary of Significant Accounting Policies	12 Months Ended
Summary of Significant Accounting Policies	Dec. 31, 2015
Accounting Policies [Abstract]
Summary of Significant Accounting Policies	Summary of Significant Accounting Policies Basis of Presentation and Principles of Consolidation The consolidated financial statements have been prepared on the accrual basis of accounting in accordance with accounting principles generally accepted in the United States of America ("GAAP"). The consolidated financial statements include the accounts of the Company, the Operating Partnership and its wholly-owned subsidiaries, including joint ventures in which the Company has a majority voting interest and control. All intercompany balances have been eliminated in consolidation. Use of Estimates The preparation of the Company’s financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of certain assets and liabilities and the amounts of contingent assets and liabilities at the balance sheet date and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. Reclassifications Certain prior year amounts in these financial statements have been reclassified to conform to the current year presentation with no impact to net income, shareholders’ equity or cash flows. Revenue Recognition The Company’s revenue consists of room revenue, food and beverage revenue and revenue from other hotel operating departments (such as telephone, parking and other guest services). These revenues are recorded net of any sales and occupancy taxes collected from guests. All rebates or discounts are recorded as a reduction in revenue, and there are no material contingent obligations with respect to rebates and discounts offered by the hotels. All revenues are recorded on an accrual basis as earned. An allowance for doubtful accounts is the Company's best estimate of the amount of probable credit losses in the existing accounts receivable and it is recorded as bad debt expense. The allowance is calculated as a percentage of aged accounts receivable. Cash received prior to guest arrival is recorded as an advance deposit from the guest and recognized as revenue at the time of occupancy. Investment in Hotels and Other Properties The Company’s acquisitions generally consist of land, land improvements, buildings, building improvements, furniture, fixtures and equipment ("FF&E"), and inventory. The Company may also acquire intangible assets or liabilities related to in-place leases, management agreements and franchise agreements. The Company allocates the purchase price among the assets acquired and liabilities assumed based on their respective fair values. We determine the fair values by using market data and independent appraisals available to us and making numerous estimates and assumptions. Transaction costs are expensed for acquisitions that are considered business combinations and capitalized for asset acquisitions. The Company’s investments in hotels and other properties are carried at cost and are depreciated using the straight-line method over estimated useful lives of 15 years for land improvements, 15 years for building improvements, 40 years for buildings and three to five years for FF&E. Intangible assets or liabilities arising from the acquisitions are amortized using the straight-line method over the non-cancelable portion of the term of the agreement. Maintenance and repairs are expensed and major renewals or improvements are capitalized. Interest used to finance real estate under development is capitalized as an additional cost of development. Upon the sale or disposition of a property, the asset and related accumulated depreciation are removed from the accounts and the related gain or loss is included in gain or loss on disposal of hotel properties. Gains or losses from dispositions that represent a strategic shift that has or will have a major effect on operations and financial results will be presented as discontinued operations. In accordance with the guidance on impairment or disposal of long-lived assets, the Company does not consider "held for sale" classification until it is probable that the sale will be completed within one year and the other requisite criteria for such classification have been met. The Company does not depreciate properties so long as they are classified as held for sale. Upon designation as held for sale and quarterly thereafter, the Company reviews the realizability of the carrying value, less cost to sell, in accordance with the guidance. Any such adjustment in the carrying value is reflected as an impairment charge. The Company assesses the carrying value whenever events or changes in circumstances indicate that the carrying amounts may not be fully recoverable. Recoverability is measured by comparing the carrying amount to the estimated future undiscounted cash flows which take into account current market conditions and the Company’s intent with respect to holding or disposing of the properties. If the Company’s analysis indicates that the carrying value is not recoverable on an undiscounted cash flow basis, it recognizes an impairment charge for the amount by which the carrying value exceeds the fair value. Fair value is determined through various valuation techniques, including internally developed discounted cash flow models, comparable market transactions and third-party appraisals, when considered necessary. The use of projected future cash flows is based on assumptions that are consistent with a market participant’s future expectations for the travel industry and the economy in general and the Company’s expected use of the underlying properties. The assumptions and estimates related to the future cash flows and capitalization rates are complex and subjective. Changes in economic and operating conditions that occur subsequent to a current impairment analysis and the Company’s ultimate use of the properties could impact these assumptions and result in future impairment charges with respect to the properties. Cash and Cash Equivalents Cash and cash equivalents include all cash and highly liquid investments with a maturity of three months or less when purchased. The Company maintains its cash at domestic banks, which, at times, may exceed the limits of the amounts insured by the Federal Deposit Insurance Corporation. Restricted Cash Reserves Restricted cash reserves consists of all cash that is required to be maintained in a reserve escrow account by a management agreement, franchise agreement and/or a mortgage agreement for the replacement of furniture, fixtures and equipment and the funding of real estate taxes and insurance. Hotel Receivables Hotel receivables consist mainly of receivables due from hotel guests and meeting and banquet room rentals. The Company does not generally require collateral, as ongoing credit evaluations are performed and an allowance for doubtful accounts is established against any receivable that is estimated to be uncollectible. Deferred Financing Costs Deferred financing costs relate to costs incurred to obtain long-term financing. Deferred financing costs are recorded at cost and are amortized using the straight-line method, which approximates the effective interest method, over the respective term of the financing agreement (see Note 6) and are included as a component of interest expense. The Company expenses unamortized deferred financing costs when the associated financing agreement is refinanced or repaid before maturity, unless certain criteria are met that would allow for the carryover of such costs to the refinanced agreement. For the years ended December 31, 2015, 2014 and 2013, approximately $4.2 million, $4.3 million and $4.5 million (excluding discontinued operations), respectively, of amortization expense was recorded as a component of interest expense. Accumulated amortization at December 31, 2015 and 2014 was approximately $10.6 million and $6.8 million, respectively. Advertising Costs The Company expenses advertising costs as incurred. Advertising expense was approximately $4.1 million, $3.7 million and $3.7 million for the years ended December 31, 2015, 2014 and 2013 (excluding discontinued operations), respectively, and is included in other operating expense. Transaction and Pursuit Costs The Company incurs costs during the review of potential property acquisitions and dispositions, including legal fees, architectural costs, environmental reviews and market studies. These costs are expensed as incurred. Derivative Financial Instruments In the normal course of business, the Company is exposed to the effects of interest rate changes. The Company utilizes a variety of borrowing vehicles including an unsecured revolving credit facility and medium and long-term financings. To reduce the Company's susceptibility to interest rate variability, the Company uses interest rate instruments, typically interest rate swaps, to convert a portion of variable rate debt to fixed rate debt. The Company limits the risks associated with interest rate changes by following the Company's established risk management policies and procedures, including the use of derivatives. The Company utilizes derivative financial instruments to manage, or hedge, interest rate risk. The Company attempts to require that hedging derivative instruments be effective in reducing the interest rate risk exposure that they are designated to hedge. This effectiveness is essential in order to qualify for hedge accounting. Instruments that meet these hedging criteria are formally designated as hedges at the inception of the derivative contract. When the terms of an underlying transaction are modified, or when the underlying hedged item ceases to exist, all changes in the fair value of the instrument are marked-to-market with changes in value included in net income each period until the instrument matures. Interest rate swap agreements contain a credit risk that the counterparties may be unable to fulfill the terms of the agreement. The Company has minimized that risk by evaluating the creditworthiness of its counterparties, who are limited to major banks and financial institutions, and it does not anticipate nonperformance by these counterparties. The estimated fair values of the derivatives have been determined by using available market information and appropriate valuation methods. Considerable judgment is required in interpreting market data to develop the estimates of fair value. Accordingly, the estimates presented herein are not necessarily indicative of the amounts that the Company could realize in a current market exchange. Gains and losses on derivatives determined to be effective hedges are reported in other comprehensive income (loss) and are reclassified to earnings in the period in which the earnings are affected by the underlying hedged item. The ineffective portion of all hedged items is recognized in earnings in the current period. Noncontrolling Interests The consolidated financial statements include all subsidiaries controlled by the Company. For the controlled subsidiaries that are not wholly-owned, the noncontrolling interests in these subsidiaries are presented separately in the consolidated financial statements. As of December 31, 2015, the Company consolidated DBT Met Hotel Venture, LP, a majority-owned partnership that has a third-party, noncontrolling 1.7% ownership interest. The third-party partnership interest is included in noncontrolling interest in joint venture on the consolidated balance sheet. Profits and losses are allocated in proportion to each party's respective ownership interest. As of December 31, 2015, the Company consolidated the Operating Partnership, which has a third-party, noncontrolling 0.7% ownership interest. The third-party partnership interest is included in noncontrolling interest in Operating Partnership on the consolidated balance sheet. Profits and losses are allocated in proportion to each party's respective ownership interest. Income Taxes The Company has elected to be taxed as a real estate investment trust under Sections 856 through 860 of the Internal Revenue Code, as amended, commencing with the taxable year ended December 31, 2011. To qualify as a REIT, the Company must meet a number of organizational and operational requirements, including a requirement that it distribute at least 90% of its REIT taxable income, subject to certain adjustments and excluding any net capital gain. The Company's current intention is to adhere to these requirements and maintain the qualification for taxation as a REIT. As a REIT, the Company generally is not subject to federal corporate income tax on that portion of net income that is distributed. If the Company fails to qualify for taxation as a REIT in any taxable year, it will be subject to federal income taxes at regular corporate rates (including any applicable alternative minimum tax) and may not be able to qualify as a REIT for four subsequent taxable years. Even if the Company qualifies for taxation as a REIT, it may be subject to certain state and local taxes on income and property, and to federal income and excise taxes on undistributed taxable income. Taxable income from non-REIT activities managed through taxable REIT subsidiaries is subject to federal, state and local income taxes. The taxable REIT subsidiaries are required to pay income taxes at the applicable rates. The consolidated income tax provision or benefit includes the income tax provision or benefit related to the operations of the taxable REIT subsidiaries as well as state income taxes incurred. Where required, deferred income taxes are accounted for using the asset and liability method. Under this method, deferred income taxes are recognized for temporary differences between the financial reporting bases of assets and liabilities and their respective income tax bases and for operating loss, capital loss and tax credit carryforwards based on enacted income tax rates expected to be in effect when such amounts are realized or settled. However, deferred tax assets are recognized only to the extent that is more likely than not they will be realized based on consideration of available evidence, including future reversals of existing taxable temporary differences, future projected taxable income and tax planning strategies. The Company performs an annual review for any uncertain tax positions and, if necessary, will record expected future tax consequences of uncertain tax positions in the financial statements. Earnings Per Share Basic earnings per common share is calculated by dividing net income attributable to common shareholders by the weighted-average number of common shares outstanding during the period excluding the weighted-average number of unvested restricted shares outstanding during the period. Diluted earnings per common share is calculated by dividing net income attributable to common shareholders by the weighted-average number of common shares outstanding during the period, plus any shares that could potentially be outstanding during the period. Potential shares consist of unvested share-based awards, calculated using the treasury stock method. Any anti-dilutive shares have been excluded from the diluted earnings per share calculation. Share-based Compensation From time to time, the Company may issue share-based awards under the RLJ Lodging Trust 2015 Equity Incentive Plan (the "2015 Plan"), as compensation to officers, employees and non-employee trustees (see Note 11). The vesting of the awards issued to officers and employees is based on either continued employment (time-based) or based on the relative total shareholder returns of the Company and continued employment (performance-based), as determined by the board of trustees at the date of grant. For time-based awards, the Company recognizes compensation expense for unvested restricted shares on a straight-line basis over the vesting period based upon the fair market value of the shares on the date of grant, adjusted for forfeitures. For performance-based awards, the Company recognizes compensation expense over the requisite service period for each award, based on the fair market value of the shares on the date of grant, as determined using a Monte Carlo simulation, adjusted for forfeitures. Recently Issued Accounting Pronouncements In April 2014, the Financial Accounting Standards Board ("FASB") issued Accounting Standards Update ("ASU") 2014-08, Reporting Discontinued Operations and Disclosures of Disposals of Components of an Entity, which significantly changed the requirements for reporting discontinued operations. Under the new guidance, only disposals representing a strategic shift that has (or will have) a major effect on operations and final results should be presented as discontinued operations. The guidance also provides additional disclosure requirements in connection with both discontinued operations and other dispositions not qualifying as discontinued operations. The guidance applies to all disposals (or classifications as held for sale) of components of an entity that occur within annual periods beginning on or after December 15, 2014, and interim periods within those years. Early adoption was permitted, but only for disposals (or classifications as held for sale) that had not been reported in financial statements previously issued or available for issuance. The Company adopted the new guidance for the quarterly period ended March 31, 2014. Prior to January 1, 2014, properties disposed of were presented in discontinued operations for all periods presented. In May 2014, the Financial Accounting Standards Board ("FASB") issued Accounting Standards Update ("ASU") 2014-09, Revenue from Contracts with Customers, which supersedes or replaces nearly all GAAP revenue recognition guidance. The new guidance establishes a new control-based revenue recognition model, changes the basis for deciding when revenue is recognized over time or at a point in time and expands disclosures about revenue. The guidance is effective for annual reporting periods beginning after December 15, 2017, and interim periods within those annual periods. Early adoption is permitted for annual reporting periods beginning after December 15, 2016. The Company is currently evaluating whether this ASU will have a material impact on its financial position, results of operations or cash flows. In August 2014, the FASB issued ASU 2014-15, Presentation of Financial Statements-Going Concern (Subtopic 205-40): Disclosure of Uncertainties about an Entity’s Ability to Continue as a Going Concern. ASU 2014-15 requires management to evaluate whether there are conditions or events that raise substantial doubt about the entity’s ability to continue as a going concern, and to provide certain disclosures when it is probable that the entity will be unable to meet its obligations as they become due within one year after the date that the financial statements are issued. ASU 2014-15 is effective for the annual period ended December 31, 2016 and for annual periods and interim periods thereafter with early adoption permitted. The Company does not believe this ASU will have a material impact on its financial position, results of operations or cash flows. In February 2015, the FASB issued ASU 2015-02, Consolidation (Topic 810): Amendments to the Consolidation Analysis. ASU 2015-02 requires reporting entities to reevaluate whether they should consolidate certain legal entities under the revised consolidation model. This standard modifies the evaluation of whether limited partnerships and similar legal entities are variable interest entities ("VIEs"), eliminates the presumption that a general partner should consolidate a limited partnership, and affects the consolidation analysis of reporting entities that are involved with VIEs, especially those that have fee arrangements and related party relationships. This ASU is effective for fiscal years beginning after December 15, 2015, and for interim periods within those fiscal years. The Company does not believe this ASU will have a material impact on its financial position, results of operations or cash flows. In April 2015, the FASB issued ASU 2015-03, Interest - Imputation of Interest (Subtopic 835-30): Simplifying the Presentation of Debt Issuance Costs. ASU 2015-03 requires debt issuance costs related to a recognized debt liability to be presented in the balance sheet as a direct deduction from the carrying amount of that debt liability. The guidance is effective for fiscal years beginning after December 15, 2015 with early adoption permitted. The Company does not believe this ASU will have a material impact on its financial position, results of operations or cash flows. In August 2015, the FASB issued ASU 2015-15, Interest - Imputation of Interest (Subtopic 835-30): Presentation and Subsequent Measurement of Debt Issuance Costs Associated with Line-of-Credit Arrangements. ASU 2015-15 allows debt issuance costs related to a line of credit arrangement to be presented in the balance sheet as an asset and amortized ratably over the term of the line of credit arrangement, regardless of whether there are any amounts outstanding on the line of credit arrangement. The guidance is effective for fiscal years beginning after December 15, 2015 with early adoption permitted. The Company does not believe this ASU will have a material impact on its financial position, results of operations or cash flows. In September 2015, the FASB issued ASU 2015-16, Business Combinations (Topic 805): Simplifying the Accounting for Measurement-Period Adjustments. ASU 2015-16 requires that the cumulative impact of a measurement period adjustment be recognized in the period in which the adjustment is identified. The guidance is effective for fiscal years beginning after December 15, 2016 with early adoption permitted. The Company does not believe this ASU will have a material impact on its financial position, results of operations or cash flows.

Investment in Hotel Properties

12 Months Ended

Dec. 31, 2015

Property, Plant and Equipment [Abstract]

Investment in Hotel Properties

Investment in hotel properties as of December 31, 2015 and 2014 consisted of the following (in thousands):



	December 31, 2015			December 31, 2014
Land and improvements	$	736,709		$	706,497
Buildings and improvements	3,205,704			3,005,390
Furniture, fixtures and equipment	571,118			498,126
Intangible assets	2,507			2,507
	4,516,038			4,212,520
Accumulated depreciation and amortization	(841,039		)	(693,717		)
Investment in hotel properties, net	$	3,674,999		$	3,518,803

For the years ended December 31, 2015, 2014 and 2013, the Company recognized depreciation and amortization expense related to investment in hotel properties of approximately $155.8 million, $143.9 million and $126.8 million (excluding discontinued operations), respectively.

Impairment

During the year ended December 31, 2015, the Company recorded an impairment loss of $1.0 million related to one hotel. The Company evaluated the recoverability of the hotel's carrying value given the expectation to sell the hotel before the end of its previously estimated useful life. Based on an analysis of the estimated undiscounted net cash flows, the Company concluded that the carrying value of the hotel was not recoverable. The Company estimated the fair value of the hotel using a discounted cash flow analysis. In the analysis, the Company estimated the future net cash flows from the hotel using the expected useful life and holding period, and the applicable capitalization and discount rates.

During the year ended December 31, 2014, the Company recorded an impairment loss of $9.2 million related to three hotels. The Company evaluated the recoverability of the carrying values of the hotels given the expectation to sell certain hotels before the end of their previously estimated useful lives. Based on an analysis of the estimated undiscounted net cash flows, the Company concluded that the carrying values of the three hotels were not recoverable. The Company estimated the fair value of the hotels using a widely accepted revenue multiple valuation approach with significant unobservable inputs, including revenue growth projections and prevailing market multiples, from third-party sources.

Held for Sale

In November 2014, the Company entered into a purchase and sale agreement to sell a portfolio of 20 hotel properties for an aggregate sale price of $230.3 million. At December 31, 2014, these hotel properties have been included in assets of hotel properties held for sale in the accompanying consolidated balance sheets. The transaction closed on February 23, 2015.

Acquisition of Hotel Properties

12 Months Ended

Dec. 31, 2015

Business Combinations [Abstract]

Acquisition of Hotel Properties

During the year ended December 31, 2015, the Company acquired a 100% interest in the following properties:

Property

Location

Acquisition Date

Management Company

Rooms

Purchase Price (in thousands)

Hyatt Place Washington DC Downtown K Street

Washington, DC

July 15, 2015

Aimbridge Hospitality

164

68,000

Homewood Suites Seattle Lynnwood

Lynnwood, WA

July 20, 2015

InnVentures

170

37,900

Residence Inn Palo Alto Los Altos (1)

Los Altos, CA

September 25, 2015

InnVentures

156

70,000

490

175,900

_______________________________________________________________________________

(1) In connection with this acquisition, the Company assumed a $33.4 million mortgage loan with a fair value at assumption of $34.7 million.

During the year ended December 31, 2014, the Company acquired a 100% interest in the following properties:

Property

Location

Acquisition
Date

Management
Company

Rooms

Purchase Price
(in thousands)

Hyatt House Charlotte Center City

Charlotte, NC

March 12, 2014

Hyatt Affiliate

163

32,496

Hyatt House Cypress Anaheim

Cypress, CA

March 12, 2014

Hyatt Affiliate

142

14,753

Hyatt House Emeryville San Francisco Bay Area

Emeryville, CA

March 12, 2014

Hyatt Affiliate

234

39,274

Hyatt House San Diego Sorrento Mesa

San Diego, CA

March 12, 2014

Hyatt Affiliate

193

35,985

Hyatt House San Jose Silicon Valley

San Jose, CA

March 12, 2014

Hyatt Affiliate

164

44,159

Hyatt House San Ramon

San Ramon, CA

March 12, 2014

Hyatt Affiliate

142

20,833

Hyatt House Santa Clara

Santa Clara, CA

March 12, 2014

Hyatt Affiliate

150

40,570

Hyatt Market Street The Woodlands

The Woodlands, TX

March 12, 2014

Hyatt Corporation

25,817

Hyatt Place Fremont Silicon Valley

Fremont, CA

March 12, 2014

Hyatt Affiliate

151

23,525

Hyatt Place Madison Downtown

Madison, WI

March 12, 2014

Hyatt Affiliate

151

35,088

Courtyard Portland City Center

Portland, OR

May 22, 2014

Sage Hospitality

256

67,000

Embassy Suites Irvine Orange County

Irvine, CA

May 22, 2014

Sage Hospitality

293

53,000

Hilton Cabana Miami Beach

Miami, FL

June 19, 2014

Highgate Hotels

231

71,700

Hyatt Atlanta Midtown

Atlanta, GA

July 14, 2014

Interstate Hotels
and Resorts

194

49,500

DoubleTree Grand Key Resort (1)

Key West, FL

September 11, 2014

Interstate Hotels
and Resorts

215

78,250

2,749

631,950

_______________________________________________________________________________

(1) Purchase price includes $1.3 million paid for five condominium units.

The allocation of the purchase price for the properties acquired was as follows (in thousands):



	For the year ended December 31,
	2015			2014
Land and improvements	$	31,692		$	164,396
Buildings and improvements	131,960			409,540
Furniture, fixtures and equipment	13,517			57,575
Intangible and other assets	—			439
Fair value adjustment on mortgage debt assumed	(1,269		)	—
Total purchase price	$	175,900		$	631,950

See Note 15 for the detail of the other assets acquired and liabilities assumed in conjunction with the Company’s acquisitions.

For the properties acquired during the year ended December 31, 2015, total revenues and net income (loss) from the date of acquisition through December 31, 2015 are included in the accompanying consolidated statements of operations as follows (in thousands):



	For the year ended December 31,
	2015
Total revenue	$	10,053
Net loss	$	(1,477	)

For the properties acquired during the year ended December 31, 2014, total revenues and net income from the date of acquisition through December 31, 2014 are included in the accompanying consolidated statements of operations as follows (in thousands):



	For the year ended December 31,
	2014
Total revenue	$	106,306
Net income	$	18,773

The following unaudited condensed pro forma financial information presents the results of operations as if the 2015 acquisitions had taken place on January 1, 2014 and the 2014 acquisitions had taken place on January 1, 2013. The unaudited condensed pro forma financial information is not necessarily indicative of what the actual results of operations of the Company would have been assuming the 2015 and 2014 acquisitions had taken place on January 1, 2014 and 2013, respectively, nor is it indicative of the results of operations for future periods. The unaudited condensed pro forma financial information is as follows (in thousands, except share and per share data):



	For the year ended December 31,
	2015		2014
	(unaudited)
Total revenue	$	1,149,453	$	1,165,303
Net income attributable to common shareholders	$	222,498	$	146,755
Net income per share attributable to common shareholders - basic	$	1.72	$	1.14
Net income per share attributable to common shareholders - diluted	$	1.71	$	1.14
Weighted average number of shares outstanding - basic	128,444,469		127,360,669
Weighted average number of shares outstanding - diluted	128,967,754		128,293,843

- Definition

The entire disclosure for a business combination (or series of individually immaterial business combinations) completed during the period, including background, timing, and recognized assets and liabilities. The disclosure may include leverage buyout transactions (as applicable).

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 805
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-Section 50
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Reference 2: http://www.xbrl.org/2003/role/presentationRef
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Reference 3: http://www.xbrl.org/2003/role/presentationRef
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Reference 4: http://www.xbrl.org/2003/role/presentationRef
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-Name Accounting Standards Codification
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Reference 5: http://www.xbrl.org/2003/role/presentationRef
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-Name Accounting Standards Codification
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Reference 13: http://www.xbrl.org/2003/role/presentationRef
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-Name Accounting Standards Codification
-Topic 805
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-URI http://asc.fasb.org/extlink&oid=56956791&loc=d3e4926-128472

Reference 14: http://www.xbrl.org/2003/role/presentationRef
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-Name Accounting Standards Codification
-Topic 805
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Reference 15: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
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-URI http://asc.fasb.org/extlink&oid=35744584&loc=d3e6996-128479

+ Details

Disposal of Hotel Properties

12 Months Ended

Dec. 31, 2015

Discontinued Operations and Disposal Groups [Abstract]

Disposal of Hotel Properties

During the year ended December 31, 2015, the Company sold 23 hotel properties in four separate transactions for a total sale price of approximately $252.5 million. In conjunction with these transactions, the Company recorded a $28.4 million gain on disposal, which is included in the accompanying consolidated statement of operations.

The following table provides a list of properties that were sold during the year ended December 31, 2015:



Property Name	Location	Disposal Date	Rooms
Courtyard Chicago Schaumburg	Schaumburg, IL	February 23, 2015	162
Courtyard Detroit Pontiac Bloomfield	Pontiac, MI	February 23, 2015	110
Courtyard Grand Junction	Grand Junction, CO	February 23, 2015	136
Courtyard Mesquite	Mesquite, TX	February 23, 2015	101
Courtyard San Antonio Airport Northstar	San Antonio, TX	February 23, 2015	78
Courtyard Tampa Brandon	Tampa, FL	February 23, 2015	90
Fairfield Inn & Suites Merrillville	Merrillville, IN	February 23, 2015	112
Fairfield Inn & Suites San Antonio Airport	San Antonio, TX	February 23, 2015	120
Fairfield Inn & Suites Tampa Brandon	Tampa, FL	February 23, 2015	107
Hampton Inn Merrillville	Merrillville, IN	February 23, 2015	64
Holiday Inn Grand Rapids Airport	Kentwood, MI	February 23, 2015	148
Homewood Suites Tampa Brandon	Tampa, FL	February 23, 2015	126
Marriott Auburn Hills Pontiac at Centerpoint	Pontiac, MI	February 23, 2015	290
Residence Inn Austin Round Rock	Round Rock, TX	February 23, 2015	96
Residence Inn Chicago Schaumburg	Schaumburg, IL	February 23, 2015	125
Residence Inn Detroit Pontiac Auburn Hills	Pontiac, MI	February 23, 2015	114
Residence Inn Grand Junction	Grand Junction, CO	February 23, 2015	104
Residence Inn Indianapolis Carmel	Carmel, IN	February 23, 2015	120
Springhill Suites Chicago Schaumburg	Schaumburg, IL	February 23, 2015	132
Springhill Suites Indianapolis Carmel	Carmel, IN	February 23, 2015	126
Fairfield Inn & Suites Valparaiso	Valparaiso, IN	May 22, 2015	63
Residence Inn South Bend	South Bend, IN	July 7, 2015	80
Embassy Suites Columbus	Columbus, OH	October 14, 2015	221
		Total	2,825

During the year ended December 31, 2014, the Company sold 18 hotel properties in eight separate transactions for a total sale price of approximately $137.8 million. In conjunction with these transactions, the Company recorded a $0.4 million gain on disposal, which is included in the accompanying consolidated statement of operations. Additionally, the Company completed a legal defeasance of the mortgage indebtedness secured by three of the properties that were sold. The cost of the defeasance was approximately $0.8 million, which is included in interest expense in the accompanying consolidated statement of operations.

The following table provides a list of properties that were sold during the year ended December 31, 2014:



Property Name	Location	Disposal Date	Rooms
Courtyard Denver Southwest Lakewood	Lakewood, CO	February 20, 2014	90
Residence Inn Denver Southwest Lakewood	Lakewood, CO	February 20, 2014	102
Hyatt House Colorado Springs	Colorado Springs, CO	February 20, 2014	125
SpringHill Suites Gainesville	Gainesville, FL	February 20, 2014	126
Residence Inn Indianapolis Airport	Indianapolis, IN	February 20, 2014	95
Fairfield Inn & Suites Indianapolis Airport	Indianapolis, IN	February 20, 2014	86
Courtyard Grand Rapids Airport	Kentwood, MI	February 20, 2014	84
Hampton Inn Suites Las Vegas Red Rock Summerlin	Las Vegas, NV	February 20, 2014	106
Courtyard Austin University Area	Austin, TX	February 20, 2014	198
Fairfield Inn & Suites Austin University Area	Austin, TX	February 20, 2014	63
Hyatt House Dallas Richardson	Richardson, TX	February 20, 2014	130
Hilton Garden Inn St. George	St. George, UT	February 25, 2014	150
Hilton Mystic	Mystic, CT	March 26, 2014	182
Holiday Inn Austin NW Arboretum Area	Austin, TX	June 18, 2014	194
Courtyard Benton Harbor St Joseph	Benton Harbor, MI	December 16, 2014	98
Courtyard Valparaiso	Valparaiso, IN	December 17, 2014	111
Courtyard Merrillville	Merrillville, IN	December 18, 2014	112
Courtyard Fort Wayne	Fort Wayne, IN	December 19, 2014	142
		Total	2,194

During 2013, the Company disposed of three properties in three separate transactions. The operating results for the year ended December 31, 2013 for these properties are included in discontinued operations in the accompanying consolidated statement of operations.



Property Name	Location	Disposal Date	Rooms
SpringHill Suites Southfield (1)	Southfield, MI	May 30, 2013	84
Courtyard Goshen (2)	Goshen, IN	August 28, 2013	91
Fairfield Inn & Suites Memphis	Memphis, TN	November 18, 2013	63
		Total	238

_______________________________________________________________________________

(1)

In November 2011, the Company elected to cease the subsidization of debt service on the mortgage loan secured by the SpringHill Suites Southfield, Michigan. In January 2012, the Company received notice of an event of default for failure to make the required monthly payments. Under the terms of the mortgage loan, the lender received the monthly net cash from operations from the hotel. In December 2012, the Company entered into a deed in lieu of foreclosure agreement with the lender, providing for a consensual transfer of the property to the lender or its designee. On May 30, 2013, the Company transferred title to the hotel to the lender pursuant to the deed in lieu of foreclosure arrangement. The Company recorded a gain on extinguishment of indebtedness of approximately $2.4 million to discontinued operations at that time.

(2)

In November 2011, the Company elected to cease the subsidization of debt service on the mortgage loan secured by the Courtyard Goshen, Indiana. In December 2011, the Company received notice of an event of default for failure to make the required monthly payments. In May 2012, a receiver took control of the property for the benefit of the lender of the mortgage loan. On August 28, 2013, the property was sold at a foreclosure auction and was purchased by an affiliate of the lender. The Company recorded a gain on extinguishment of indebtedness of approximately $3.3 million to discontinued operations at that time.

In February 2013, the Goshen lender filed suit against the Company claiming amounts due from the Company in its capacity as a guarantor of certain borrower obligations and has continued to pursue this claim following the sale of the property. The Company disputes that any amounts are owed to the lender under the guaranty and is defending itself against this claim.

The operating results of the discontinued operations were as follows (in thousands):



	For the year ended December 31,
	2013
Operating revenue	$	2,950
Operating expense	(2,930		)
Operating income	20
Interest expense	(373		)
Loss from discontinued operations before gain on sale	(353		)
Gain on sale of property	2,081
Gain on extinguishment of indebtedness	5,708
Net income from discontinued operations	$	7,436

- Definition

The entire disclosure related to a disposal group. Includes, but is not limited to, a discontinued operation, disposal classified as held-for-sale or disposed of by means other than sale or disposal of an individually significant component.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 205
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-Paragraph 11
-URI http://asc.fasb.org/extlink&oid=51716988&loc=SL51721533-107759

Reference 2: http://www.xbrl.org/2003/role/presentationRef
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-Name Accounting Standards Codification
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-URI http://asc.fasb.org/extlink&oid=51717284&loc=SL51721665-107760

Reference 3: http://www.xbrl.org/2003/role/presentationRef
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-Name Accounting Standards Codification
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-URI http://asc.fasb.org/extlink&oid=51717284&loc=SL51721675-107760

Reference 4: http://www.xbrl.org/2003/role/presentationRef
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-URI http://asc.fasb.org/extlink&oid=51719941&loc=SL51724579-110230

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+ Details

Debt

12 Months Ended

Dec. 31, 2015

Debt Disclosure [Abstract]

Debt

Credit Facilities

The Company has the following unsecured credit agreements in place:


•	$300.0 million revolving credit facility with a scheduled maturity date of November 20, 2016 with a one-year extension option if certain conditions are satisfied (the "Revolver");


•	$400.0 million term loan with a scheduled maturity date of August 27, 2018 (the "2013 Five-Year Term Loan");


•	$400.0 million term loan with a scheduled maturity date of March 20, 2019 (which was originally scheduled to mature in 2017) (the "2012 Five-Year Term Loan");


•	$225.0 million term loan with a scheduled maturity date of November 20, 2019 (the "2012 Seven-Year Term Loan"); and


•	$150.0 million term loan with a scheduled maturity date of January 22, 2022 (the "2014 Seven-Year Term Loan").

The 2012 Five-Year Term Loan, the 2012 Seven-Year Term Loan, the 2013 Five-Year Term Loan and the 2014 Seven-Year Term loan are collectively the "Term Loans". The credit agreements for these term loans require that a group of no less than 20 of the Company’s hotel properties remain unencumbered by outstanding indebtedness. The credit agreements contain certain financial covenants relating to the Company’s maximum leverage ratio, minimum fixed charge coverage ratio, minimum tangible net worth and maximum secured indebtedness. If an event of default exists, the Company is not permitted to make distributions to shareholders, other than those required to qualify for and maintain REIT status. As of December 31, 2015, the Company was in compliance with all financial covenants.

Borrowings under the Revolver and Term Loans bear interest at variable rates equal to the London InterBank Offered Rate (“LIBOR”) plus an applicable margin. The margin ranges from 1.55% to 3.00%, depending on the Company’s leverage ratio, as calculated under the terms of each facility. The Company incurs an unused facility fee on the Revolver of between 0.25% and 0.35%, based on the amount by which the maximum borrowing amount exceeds the total principal balance of outstanding borrowings.

Under the terms of the credit agreement for the Revolver, one or more standby letters of credit, up to a maximum aggregate outstanding balance of $30.0 million, may be issued on behalf of the Company by the lenders under the Revolver. The Company will incur a fee of 0.125% of the value of each standby letter of credit that is issued on its behalf. Any outstanding standby letters of credit reduce the available borrowings on the Revolver by a corresponding amount. No standby letters of credit were outstanding at December 31, 2015. The Company also may borrow up to a maximum aggregate outstanding balance of $40.0 million of swingline loans. Any outstanding swingline loans reduce the available borrowings under the Revolver by a corresponding amount. No swingline loans were outstanding at December 31, 2015.

As of December 31, 2015 and 2014, the details of the credit facilities were as follows (in thousands):



			Outstanding Borrowings at
	Interest Rate at December 31, 2015 (1)	Maturity Date	December 31, 2015		December 31, 2014
Revolver (2)	2.18%	November 2016	$	—	$	—
2013 Five-Year Term Loan	3.10%	August 2018	400,000		400,000
2012 Five-Year Term Loan	2.72%	March 2019	400,000		400,000
2012 Seven-Year Term Loan	4.04%	November 2019	225,000		225,000
2014 Seven-Year Term Loan	3.43%	January 2022	150,000		—
Total			$	1,175,000	$	1,025,000

_______________________________________________________________________________


(1)	Interest rate at December 31, 2015 gives effect to interest rate hedges.


(2)	At December 31, 2015 there was $300.0 million of borrowing capacity on the Revolver.

Mortgage Loans

As of December 31, 2015 and 2014, the Company was subject to the following mortgage loans (in thousands):




						Principal balance at
Lender	Number of Assets Encumbered	Interest Rate at December 31, 2015 (1)		Maturity Date		December 31, 2015		December 31, 2014
PNC Bank (2)	5	2.78%	(3)	May 2016	(4)	$	74,000	$	74,000
Wells Fargo (5)	4	4.19%		September 2016	(6)	149,250		150,000
Wells Fargo	4	3.99%	(3)	October 2017	(6)	150,000		143,000
Wells Fargo (7)	1	5.25%		June 2022		34,505		—
Capmark Financial Group				May 2015		—		10,513
Capmark Financial Group				June 2015		—		4,561
Barclays Bank				June 2015		—		107,544
Barclays Bank				June 2015		—		26,775
Capmark Financial Group				July 2015		—		6,214
Barclays Bank				September 2015		—		10,140
	14					$	407,755	$	532,747

_______________________________________________________________________________


(1)	Interest rate at December 31, 2015 gives effect to interest rate hedges.


(2)	The five hotels encumbered by the PNC Bank loan are cross-collateralized.


(3)	Requires payments of interest only until the commencement of the extension period(s).


(4)	Maturity date may be extended for one one-year term at the Company’s option, subject to certain lender requirements.


(5)	Two of the four hotels encumbered by the Wells Fargo loans are cross-collateralized.


(6)	Maturity date may be extended for four one-year terms at the Company’s option, subject to certain lender requirements.


(7)	Includes $1.2 million at December 31, 2015 related to a fair value adjustment of $1.3 million on mortgage debt assumed in conjunction with an acquisition, net of accumulated amortization of $0.1 million.

Certain mortgage agreements are subject to customary financial covenants. The Company was in compliance with these financial covenants at December 31, 2015 and 2014.

Interest Expense

For the years ended December 31, 2015, 2014 and 2013, the components of our interest expense were as follows (in thousands):



	For the year ended December 31,
	2015			2014			2013
Mortgage indebtedness	$	16,500		$	23,282		$	44,290
Revolving credit facility and term loans	35,898			29,560			15,574
Loss on defeasance	—			804			—
Amortization of deferred financing costs	4,164			4,298			4,484
Capitalized interest	(1,774		)	(1,134		)	—
Total interest expense	$	54,788		$	56,810		$	64,348

Future Minimum Principal Payments

As of December 31, 2015, the future minimum principal payments on debt were as follows (in thousands):



2016	$	223,855
2017	150,594
2018	400,626
2019	625,660
2020	691
Thereafter	180,123
Total (1)	$	1,581,549

_______________________________________________________________________________


(1)	Excludes $1.2 million related to a fair value adjustment of $1.3 million on mortgage debt assumed in conjunction with an acquisition, net of accumulated amortization of $0.1 million.

Derivatives and Hedging

12 Months Ended

Dec. 31, 2015

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Derivatives and Hedging

As of December 31, 2015 and December 31, 2014, the Company had entered into the following interest rate swaps (in thousands):



	Notional value at						Fair value at
Hedge type	December 31, 2015		December 31, 2014		Interest rate	Maturity	December 31, 2015			December 31, 2014
Swap-cash flow	$	275,000	$	275,000	1.12%	November 2017	$	(1,014	)	$	(232	)
Swap-cash flow	175,000		175,000		1.56%	March 2018	(2,190		)	(2,182		)
Swap-cash flow	175,000		175,000		1.64%	March 2018	(2,478		)	(2,596		)
Swap-cash flow	16,418		16,500		1.83%	September 2018	(312		)	(315		)
Swap-cash flow	16,418		16,500		1.75%	September 2018	(279		)	(270		)
Swap-cash flow	40,298		40,500		1.83%	September 2018	(765		)	(772		)
Swap-cash flow	41,292		41,500		1.75%	September 2018	(701		)	(678		)
Swap-cash flow	17,910		18,000		1.83%	September 2018	(340		)	(343		)
Swap-cash flow	16,915		17,000		1.75%	September 2018	(287		)	(278		)
Swap-cash flow	125,000		125,000		2.02%	March 2019	(3,186		)	(3,073		)
Swap-cash flow	100,000		100,000		1.94%	March 2019	(2,308		)	(2,145		)
Swap-cash flow	125,000		—		1.27%	March 2019	(115		)	—
Swap-cash flow (1)	100,000		—		1.96%	March 2019	(321		)	—
Swap-cash flow (1)	50,000		—		1.85%	March 2019	(87		)	—
Swap-cash flow (1)	50,000		—		1.81%	March 2019	(62		)	—
Swap-cash flow (1)	25,000		—		1.74%	March 2019	(9		)	—
Swap-cash flow (2)	33,000		—		1.80%	September 2020	98			—
Swap-cash flow (2)	82,000		—		1.80%	September 2020	245			—
Swap-cash flow (2)	35,000		—		1.80%	September 2020	104			—
Swap-cash flow	143,000		143,000		1.81%	October 2020	(2,196		)	(760		)
Swap-cash flow	50,000		—		1.61%	June 2021	(97		)	—
Swap-cash flow	50,000		—		1.56%	June 2021	59			—
Swap-cash flow	50,000		—		1.71%	June 2021	(361		)	—
	$	1,792,251	$	1,143,000			$	(16,602	)	$	(13,644	)

_______________________________________________________________________________


(1)	Effective between the maturity of the existing swap in November 2017 and the maturity of the debt in March 2019.


(2)	Effective between the maturity of the existing swaps in September 2018 and the maturity of the debt in September 2020.

As of December 31, 2015 and 2014, the aggregate fair value of the interest rate swap liabilities of $17.1 million and $13.6 million, respectively, was included in accounts payable and other liabilities in the accompanying consolidated balance sheets. At December 31, 2015, the aggregate fair value of the interest rate swap assets of $0.5 million was included in prepaid expense and other assets in the accompanying consolidated balance sheets.

As of December 31, 2015 and 2014, there was approximately $16.6 million and $13.6 million, respectively, in unrealized losses included in accumulated other comprehensive loss related to interest rate hedges that are effective in offsetting the variable cash flows. There was no ineffectiveness recorded on designated hedges during the years ended December 31, 2015 and 2014. For the years ended December 31, 2015 and 2014, approximately $18.2 million and $12.4 million, respectively, of amounts included in accumulated other comprehensive loss were reclassified into interest expense. Approximately $14.0 million of the net unrealized losses included in accumulated other comprehensive loss at December 31, 2015 is expected to be reclassified into interest expense within the next 12 months.

- Definition

The entire disclosure for derivative instruments and hedging activities including, but not limited to, risk management strategies, non-hedging derivative instruments, assets, liabilities, revenue and expenses, and methodologies and assumptions used in determining the amounts.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
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Reference 2: http://www.xbrl.org/2003/role/presentationRef
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-Topic 815
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Reference 3: http://www.xbrl.org/2003/role/presentationRef
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Reference 4: http://www.xbrl.org/2003/role/presentationRef
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Reference 5: http://www.xbrl.org/2003/role/presentationRef
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Reference 6: http://www.xbrl.org/2003/role/presentationRef
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Reference 7: http://www.xbrl.org/2003/role/presentationRef
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Reference 8: http://www.xbrl.org/2003/role/presentationRef
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Reference 9: http://www.xbrl.org/2003/role/presentationRef
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-Name Accounting Standards Codification
-Topic 815
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-Publisher FASB
-Name Accounting Standards Codification
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Reference 14: http://www.xbrl.org/2003/role/presentationRef
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Reference 15: http://www.xbrl.org/2003/role/presentationRef
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Reference 19: http://www.xbrl.org/2003/role/presentationRef
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+ Details

Fair Value

12 Months Ended

Dec. 31, 2015

Fair Value Disclosures [Abstract]

Fair Value

Fair Value Measurement

Fair value is defined as the price that would be received upon the sale of an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date in the principal or most advantageous market. The fair value hierarchy has three levels of inputs, both observable and unobservable:


•	Level 1 — Inputs include quoted market prices in an active market for identical assets or liabilities.


•	Level 2 — Inputs are market data, other than Level 1, that are observable either directly or indirectly. Level 2 inputs include quoted market prices for similar assets or liabilities, quoted market prices in an inactive market, and other observable information that can be corroborated by market data.


•	Level 3 — Inputs are unobservable and corroborated by little or no market data.

Fair Value of Financial Instruments

The Company used the following market assumptions and/or estimation methods:


•	Cash and cash equivalents, restricted cash reserves, hotel and other receivables, accounts payable and other liabilities - The carrying amounts reported in the consolidated balance sheets for these financial instruments approximate fair value because of their short term maturities.

•

Variable rate mortgage loans and borrowings under the Revolver and Term Loans - The carrying amounts reported in the consolidated balance sheets for these financial instruments approximate fair value as they bear interest at market rates. The Company determined that its variable rate mortgage loans and borrowings under the Revolver and Term Loans are classified in Level 3 of the fair value hierarchy.

•

Fixed rate mortgage loans - The fair value estimated at December 31, 2015 and 2014 of $34.7 million and $171.1 million, respectively, is calculated based on the net present value of the payments over the term of the loans using estimated market rates for similar mortgage loans with similar terms and loan-to-value ratios. As a result, the Company determined that its fixed rate mortgage loans in their entirety are classified in Level 3 of the fair value hierarchy. The carrying value of the fixed rate mortgage loans at December 31, 2015 and 2014 was $34.5 million and $165.7 million, respectively.

Recurring Fair Value Measurements

The following table presents the Company’s fair value hierarchy for those financial assets and liabilities measured at fair value on a recurring basis as of December 31, 2015 (in thousands):



	Fair Value at December 31, 2015
	Level 1		Level 2			Level 3		Total
Interest rate swap asset	$	—	$	506		$	—	$	506
Interest rate swap liability	$	—	$	(17,108	)	$	—	$	(17,108	)
Total	$	—	$	(16,602	)	$	—	$	(16,602	)

The following table presents the Company’s fair value hierarchy for those financial assets and liabilities measured at fair value on a recurring basis as of December 31, 2014 (in thousands):



	Fair Value at December 31, 2014
	Level 1		Level 2			Level 3		Total
Interest rate swap liability	$	—	$	(13,644	)	$	—	$	(13,644	)
Total	$	—	$	(13,644	)	$	—	$	(13,644	)

The fair values of the derivative financial instruments are determined using widely accepted valuation techniques including a discounted cash flow analysis on the expected cash flows of each derivative. The Company determined that the significant inputs, such as interest yield curves and discount rates, used to value its derivatives fall within Level 2 of the fair value hierarchy and that the credit valuation adjustments associated with the Company’s counterparties and its own credit risk utilize Level 3 inputs, such as estimates of current credit spreads to evaluate the likelihood of default by itself and its counterparties. As of December 31, 2015, the Company assessed the significance of the impact of the credit valuation adjustments on the overall valuation of its derivative positions and determined that the credit valuation adjustments were not significant to the overall valuation of its derivatives. As a result, the Company determined that its derivative valuations in their entirety are classified in Level 2 of the fair value hierarchy.

- Definition

The entire disclosure for the fair value of financial instruments (as defined), including financial assets and financial liabilities (collectively, as defined), and the measurements of those instruments as well as disclosures related to the fair value of non-financial assets and liabilities. Such disclosures about the financial instruments, assets, and liabilities would include: (1) the fair value of the required items together with their carrying amounts (as appropriate); (2) for items for which it is not practicable to estimate fair value, disclosure would include: (a) information pertinent to estimating fair value (including, carrying amount, effective interest rate, and maturity, and (b) the reasons why it is not practicable to estimate fair value; (3) significant concentrations of credit risk including: (a) information about the activity, region, or economic characteristics identifying a concentration, (b) the maximum amount of loss the entity is exposed to based on the gross fair value of the related item, (c) policy for requiring collateral or other security and information as to accessing such collateral or security, and (d) the nature and brief description of such collateral or security; (4) quantitative information about market risks and how such risks are managed; (5) for items measured on both a recurring and nonrecurring basis information regarding the inputs used to develop the fair value measurement; and (6) for items presented in the financial statement for which fair value measurement is elected: (a) information necessary to understand the reasons for the election, (b) discussion of the effect of fair value changes on earnings, (c) a description of [similar groups] items for which the election is made and the relation thereof to the balance sheet, the aggregate carrying value of items included in the balance sheet that are not eligible for the election; (7) all other required (as defined) and desired information.

+ References + Details

Commitments and Contingencies

12 Months Ended

Dec. 31, 2015

Commitments and Contingencies Disclosure [Abstract]

Commitments and Contingencies

Ground Leases

As of December 31, 2015, nine of our hotels were subject to ground lease agreements that cover the land underlying the respective hotels. The total ground rent expense was $5.5 million, $5.3 million and $3.7 million for the years ended December 31, 2015, 2014 and 2013, respectively.

The Residence Inn Chicago Oak Brook is subject to a ground lease with an initial term that expires on March 6, 2100. After the initial term, we may extend the ground lease for an additional renewal term of 99 years. The ground rent expense was de minimis for each of the years ended December 31, 2015, 2014 and 2013, respectively.

The Marriott Louisville Downtown is subject to a ground lease with an initial term extending out to 2053. The ground lease may be extended for up to four additional twenty-five year terms at the Company's option. The ground rent expense was de minimis for each of the years ended December 31, 2015, 2014 and 2013, respectively.

The Courtyard Austin Downtown Convention Center and Residence Inn Austin Downtown Convention Center are subject to a ground lease with a term extending to 2100. The ground rent expense was $1.0 million, $0.8 million and $0.8 million for the years ended December 31, 2015, 2014 and 2013, respectively.

The Hilton Garden Inn Bloomington is subject to a ground lease with an initial term expiring in 2053. The ground lease automatically extends for up to five additional ten-year terms unless certain conditions are met. The ground rent expense was de minimis for each of the years ended December 31, 2015, 2014 and 2013, respectively.

The Hilton Garden Inn Bloomington is also subject to an agreement to lease parking spaces with an initial term expiring in 2033. The agreement to lease parking spaces may be extended if certain events occur. The ground rent expense was de minimis for each of the years ended December 31, 2015, 2014 and 2013, respectively.

The Hampton Inn Garden City is subject to a ground lease with an initial term extending to 2016. The lease will revert to a fee simple ownership at the end of the ground lease. The ground rent expense was de minimis for each of the years ended December 31, 2015, 2014 and 2013, respectively.

A portion of the site of the Courtyard Charleston Historic District is subject to a ground lease with a term extending to 2096. The ground rent expense was $1.0 million for each of the years ended December 31, 2015, 2014 and 2013, respectively.

The Courtyard Waikiki Beach is subject to a ground lease with a term extending to 2112. The ground rent expense was $3.4 million, $3.4 million and $1.8 million for the years ended December 31, 2015, 2014 and 2013, respectively.

A portion of the site of the Residence Inn Palo Alto Los Altos is subject to a ground lease with a term extending to 2033. The ground rent expense was de minimis for the year ended December 31, 2015. There was no ground rent expense in 2014 and 2013 as this property was acquired in September of 2015.

As of December 31, 2015, the future minimum ground lease payments were as follows (in thousands):



	2016		2017		2018		2019		2020		Thereafter		Total
Future minimum ground lease payments	$	4,708	$	4,711	$	4,713	$	4,716	$	4,718	$	420,588	$	444,154

Restricted Cash Reserves

The Company is obligated to maintain cash reserve funds for future capital expenditures at the hotels (including the periodic replacement or refurbishment of FF&E) as determined pursuant to the management agreements, franchise agreements and/or mortgage loan documents. The management agreements, franchise agreements and/or mortgage loan documents require the Company to reserve cash ranging typically from 3.0% to 5.0% of the individual hotel’s revenues and maintain the reserves in restricted cash reserve escrows. Any unexpended amounts will remain the property of the Company upon termination of the management agreements, franchise agreements or mortgage loan documents. As of December 31, 2015 and December 31, 2014, approximately $55.5 million and $63.1 million, respectively, was available in the restricted cash reserves for future capital expenditures, real estate taxes and insurance.

Litigation

Neither the Company nor any of its subsidiaries are currently involved in any regulatory or legal proceedings that management believes will have a material adverse effect on the financial position, results of operations or cash flows of the Company.

Data Breach

During the first quarter of 2014, one of the Company's third-party hotel managers notified the Company of a data breach that occurred over a nine-month period ending in December 2013 affecting a number of hotels it manages, including seven hotels that are owned by the Company. During the first quarter of 2015, the same third-party hotel manager notified the Company of a second data breach that occurred over a seven-month period ending in February 2015 affecting a number of hotels it manages, including six hotels owned by the Company. The third-party hotel manager is cooperating with the relevant authorities in their investigations of these criminal cyber-attacks. The Company and its third-party hotel manager are continuing to take steps to assess and further strengthen information security systems.

The Company believes that each of the credit card companies impacted may seek to impose fines, fees or assessments in connection with the breach against various parties, including the Company. The Company may also incur other costs, including legal fees and other professional services fees, related to investigating the breach. Because the investigation into each of these matters is ongoing and certain factual and legal questions remain unanswered, the Company is unable to estimate with certainty the total costs, fines, fees or assessments that may be associated with any potential claims. However, the Company currently believes that any amounts that the Company may ultimately be required to pay as a result of this incident will not be material to its financial position, results of operations or cash flows.

Management Agreements

As of December 31, 2015, 126 of the Company's hotel properties were operated pursuant to long-term management agreements with initial terms ranging from 3 to 25 years, with 15 different management companies as noted in the table below. This number includes five and ten hotels that receive the benefits of a franchise agreement pursuant to management agreements with Marriott and Hyatt, respectively.



Management Company		Number of Hotels
Aimbridge Hospitality		3
Concord Hospitality Enterprises Company		1
Crestline Hotels and Resorts		1
Davidson Hotels and Resorts		1
Embassy Suites Management		3
HEI Hotels and Resorts		1
Highgate Hotels		6
Hyatt Corporation and affiliates		10
Interstate Hotels and Resorts		11
InnVentures		3
K Partners Hospitality Group		1
Marriott Hotel Services		5
Sage Hospitality		4
Urgo Hotels		4
WLS		72
		126

Each management company receives a base management fee generally between 3.0% and 3.5% of hotel revenues. Management agreements that include the benefits of a franchise agreement incur a base management fee generally equal to 7.0% of hotel revenues. The management companies are also eligible to receive an incentive management fee if hotel operating income, as defined in the management agreements, exceeds certain thresholds. The incentive management fee is generally calculated as a percentage of hotel operating income after the Company has received a priority return on their investment in the hotel. Management fees are included in management and franchise fee expense in the accompanying consolidated statements of operations.

For the years ended December 31, 2015, 2014 and 2013, the Company incurred management fee expense, including amortization of deferred management fees, of approximately $44.1 million, $43.2 million and $35.0 million, respectively, (excluding discontinued operations).

Franchise Agreements

As of December 31, 2015, 111 of the Company's hotel properties are operated under franchise agreements with initial terms ranging from 10 to 30 years. This number excludes five and ten hotels that receive the benefits of a franchise agreement pursuant to management agreements with Marriott and Hyatt, respectively. Franchise agreements allow the properties to operate under the respective brands. Pursuant to the franchise agreements, the Company pays a royalty fee, generally between 4.0% and 6.0% of room revenue, plus additional fees for marketing, central reservation systems and other franchisor costs generally between 1.0% and 4.3% of room revenue. Certain hotels are also charged a royalty fee generally between 1.0% and 3.0% of food and beverage revenues. Franchise fees are included in management and franchise fee expense in the accompanying consolidated statements of operations.

For the years ended December 31, 2015, 2014 and 2013, the Company incurred franchise fee expense of approximately $72.3 million, $71.6 million and $64.2 million, respectively (excluding discontinued operations).

Equity	12 Months Ended
Equity	Dec. 31, 2015
Equity [Abstract]
Equity	Equity Common Shares of Beneficial Interest Under the original declaration of trust of the Company, the total number of shares initially authorized for issuance was 100,000 common shares. At formation, the Company issued to each of its two initial shareholders 500 common shares at $1 per share, which shares were subsequently redeemed. On May 5, 2011, the declaration of trust was amended to authorize the issuance of up to 450,000,000 common shares. On March 25, 2013, the Company issued and sold 15,870,000 common shares of beneficial interest at a price per share of $21.60, for total gross proceeds of $342.8 million. The Company received aggregate net proceeds of approximately $327.5 million. The Company used the net proceeds from the offering to repay amounts outstanding on its unsecured revolving credit facility, to repay mortgage indebtedness and for general corporate purposes. On May 22, 2014, the Company issued and sold 9,200,000 common shares of beneficial interest at a price per share of $26.45, for total gross proceeds of $243.3 million. The Company received aggregate net proceeds of approximately $232.7 million. On May 1, 2015, the Company's board of trustees authorized a share repurchase program to acquire up to $200.0 million of the Company's common shares through April 30, 2016. On October 30, 2015, the Company's board of trustees extended the duration of the share repurchase program to December 31, 2016 and increased the amount by $200.0 million to a total of $400.0 million. Between May 1, 2015 and December 31, 2015, the Company repurchased and retired 8,044,372 of its common shares for approximately $225.2 million. Preferred Shares of Beneficial Interest Under the original declaration of trust of the Company, the total number of shares initially authorized for issuance was 10,000 preferred shares. On May 5, 2011, the declaration of trust was amended to authorize the issuance of up to 50,000,000 preferred shares. As of both December 31, 2015 and 2014, respectively, there were no preferred shares of beneficial interest outstanding. Noncontrolling Interest in Joint Venture As of December 31, 2015, the Company consolidated DBT Met Hotel Venture, LP, a majority-owned limited partnership that has a third-party partner that owns a noncontrolling 1.7% ownership interest. The third-party partnership interest is included in noncontrolling interest in joint venture on the consolidated balance sheets. Noncontrolling Interest in Operating Partnership The Company consolidates its Operating Partnership, a majority-owned limited partnership that has a noncontrolling ownership interest and is included in noncontrolling interest in Operating Partnership on the consolidated balance sheets. As of December 31, 2015, the Operating Partnership had 125,529,675 OP units outstanding, of which 99.3% were owned by the Company and its subsidiaries and 0.7% were owned by other limited partners. The outstanding OP units held by limited partners are redeemable for cash, or at the option of the Company, for a like number of common shares of beneficial interest of the Company.

Equity Incentive Plan

12 Months Ended

Dec. 31, 2015

Disclosure of Compensation Related Costs, Share-based Payments [Abstract]

Equity Incentive Plan

On May 1, 2015, the Company’s shareholders approved the RLJ Lodging Trust 2015 Equity Incentive Plan (the "2015 Plan"), which constitutes an amendment and restatement of the RLJ Lodging Trust 2011 Equity Incentive Plan (the "2011 Plan"), including an increase in the total number of available shares under the 2015 Plan by 2,500,000 shares and changes to certain other terms of the 2011 Plan. The Company may issue equity-based awards to officers, employees, non-employee trustees and other eligible persons under the 2015 Plan. The 2015 Plan provides for a maximum of 7,500,000 common shares of beneficial interest to be issued in the form of share options, share appreciation rights, restricted share awards, unrestricted share awards, share units, dividend equivalent rights, long-term incentive units, other equity-based awards and cash bonus awards.

Share Awards

From time to time, the Company may award unvested restricted shares under the 2015 Plan, as compensation to officers, employees and non-employee trustees. The shares issued to officers and employees vest over a period of time as determined by the board of trustees at the date of grant. The Company recognizes compensation expense for the time-based unvested restricted shares on a straight-line basis over the vesting period based upon the fair market value of the shares on the date of issuance, adjusted for forfeitures.

The Company may also award unrestricted shares under the 2015 Plan as compensation to non-employee trustees that would otherwise be paid in cash for their services. The shares issued to non-employee trustees are unrestricted and include no vesting conditions. The Company recognizes compensation expense for the unrestricted shares issued in lieu of cash compensation on the date of issuance based upon the fair market value of the shares on that date.

A summary of the unvested shares as of December 31, 2015, 2014 and 2013 is as follows:



	2015				2014				2013
	Number of Shares		Weighted Average Grant Date Fair Value		Number of Shares		Weighted Average Grant Date Fair Value		Number of Shares		Weighted Average Grant Date Fair Value
Unvested at January 1,	731,459		$	21.21	932,800		$	18.99	1,013,673		$	17.80
Granted (1)	292,505		32.10		348,234		24.46		383,187		21.25
Vested (1)	(470,703	)	21.52		(537,988	)	19.44		(458,808	)	18.24
Forfeited	(12,376	)	25.65		(11,587	)	22.89		(5,252	)	20.07
Unvested at December 31,	540,885		$	26.73	731,459		$	21.21	932,800		$	18.99

_______________________________________________________________________________


(1)	For the years ended December 31, 2015, 2014 and 2013, respectively, 5,008, 4,347 and 5,357 unrestricted shares were issued in lieu of cash compensation to non-employee trustees at a weighted average grant date fair value of $26.43, $29.31 and $23.20, respectively.

For the years ended December 31, 2015, 2014 and 2013, the Company recognized approximately $9.6 million, $10.6 million and $8.6 million, respectively, of share-based compensation expense related to the restricted share awards. As of December 31, 2015, there was $13.5 million of total unrecognized compensation costs related to unvested restricted share awards and these costs are expected to be recognized over a weighted-average period of 2.4 years. The total fair value of the shares vested (calculated as number of shares multiplied by the vesting date share price) during the years ended December 31, 2015, 2014 and 2013 was approximately $14.0 million, $15.5 million and $10.5 million, respectively.

Performance Units

In July 2012, the Company awarded performance units to certain employees. The performance units vested over a four-year period, including three years of performance-based vesting (the "measurement period") plus an additional one year of time-based vesting. In July 2015, following the end of the measurement period, the Company issued 838,934 restricted shares upon conversion of the performance units. Half of the restricted shares vested immediately with the remaining half vesting in July 2016. As of December 31, 2015, there were 419,467 unvested restricted shares related to the conversion of the performance units.

For the years ended December 31, 2015, 2014 and 2013, the Company recognized $3.4 million, $4.5 million and $4.5 million, respectively, of share-based compensation expense related to the performance unit awards. As of December 31, 2015, there was $1.1 million of total unrecognized compensation cost related to the performance unit awards. The total fair value of the vested restricted shares related to the conversion of the performance units (calculated as the number of restricted shares issued multiplied by the vesting date share price) during the year ended December 31, 2015 was approximately $12.6 million.

As of December 31, 2015, there were 4,122,417 common shares available for future grant under the 2015 Plan.

Earnings per Common Share

12 Months Ended

Dec. 31, 2015

Earnings Per Share [Abstract]

Earnings per Common Share

Basic earnings per common share is calculated by dividing net income attributable to common shareholders by the weighted-average number of common shares outstanding during the period excluding the weighted average number of unvested restricted shares outstanding during the period. Diluted earnings per common share is calculated by dividing net income attributable to common shareholders by the weighted average number of common shares outstanding during the period, plus any shares that could potentially be outstanding during the period. The potential shares consist of the unvested restricted share grants and unvested performance units, calculated using the treasury stock method. Any anti-dilutive shares have been excluded from the diluted earnings per share calculation.

Unvested share-based payment awards that contain non-forfeitable rights to dividends or dividend equivalents (whether paid or unpaid) are participating shares and are considered in the computation of earnings per share pursuant to the two-class method. If there were any undistributed earnings allocable to participating shares, they would be deducted from net income attributable to common shareholders used in the basic and diluted earnings per share calculations.

For the years ended December 31, 2015 and 2013, approximately $0.4 million and $0.1 million, respectively, represented the undistributed earnings that were allocable to participating shares. For the year ended December 31, 2014, no earnings represented the undistributed earnings that were allocated to participating shares because the Company paid dividends in excess of net income.

The limited partners’ outstanding limited partnership units in the Operating Partnership (which may be redeemed for common shares of beneficial interest under certain circumstances) have been excluded from the diluted earnings per share calculation as there was no effect on the amounts for the years ended December 31, 2015, 2014 and 2013, since the limited partners’ share of income would also be added back to net income attributable to common shareholders.

The computation of basic and diluted earnings per common share is as follows (in thousands, except share and per share data):



	For the year ended December 31,
	2015			2014			2013
Numerator:
Income from continuing operations attributable to common shareholders, including gain on disposal of hotel properties	$	218,221		$	135,441		$	105,539
Add: Income from discontinued operations	—			—			7,382
Net income attributable to common shareholders	218,221			135,441			112,921
Less: Dividends paid on unvested restricted shares	(1,180		)	(951		)	(936		)
Less: Undistributed earnings attributable to unvested restricted shares	(378		)	—			(61		)
Net income attributable to common shareholders excluding amounts attributable to unvested restricted shares	$	216,663		$	134,490		$	111,924

Denominator:
Weighted-average number of common shares - basic	128,444,469			127,360,669			117,950,066
Unvested restricted shares	523,285			316,020			251,217
Unvested performance units	—			617,154			537,343
Weighted-average number of common shares - diluted	128,967,754			128,293,843			118,738,626

Basic per common share data:
Net income per share attributable to common shareholders before discontinued operations - basic	$	1.69		$	1.06		$	0.89
Discontinued operations	—			—			0.06
Net income per share attributable to common shareholders - basic	$	1.69		$	1.06		$	0.95

Diluted per common share data:
Net income per share attributable to common shareholders before discontinued operations - diluted	$	1.68		$	1.05		$	0.88
Discontinued operations	—			—			0.06
Net income per share attributable to common shareholders - diluted	$	1.68		$	1.05		$	0.94

Income Taxes

12 Months Ended

Dec. 31, 2015

Income Tax Disclosure [Abstract]

Income Taxes

For federal income tax purposes, the cash distributions paid for the years ended December 31, 2015 and 2014 are characterized as follows:



	For the Years Ended December 31,
	2015		2014
Common distributions:
Ordinary income	100.0	%	100.0	%
Return of capital	—		—
Capital gains	—		—
	100.0	%	100.0	%

The components of the income tax provision from continuing operations are as follows (in thousands):



	For the Years Ended December 31,
	2015			2014			2013
Current:
Federal	$	(287	)	$	(244	)	$	(323	)
State	(1,145		)	(1,543		)	(1,439		)
Deferred:
Federal	36,359			572			830
State	4,199			70			53
Total net tax benefit (expense)	$	39,126		$	(1,145	)	$	(879	)

The provision for income taxes differs from the amount of income tax determined by applying the applicable U.S. statutory federal income tax rate to pretax income from continuing operations for the years ended December 31, 2015, 2014 and 2013 as a result of the following differences (in thousands):



	For the Years Ended December 31,
	2015			2014			2013
Expected federal tax expense at statutory rate	$	(63,240	)	$	(47,906	)	$	(40,271	)
Tax impact of REIT election	62,391			45,842			37,230
Expected tax expense at TRS	(849		)	(2,064		)	(3,041		)
Change in valuation allowance	41,147			2,203			3,612
State income tax expense, net of federal	(1,111		)	(1,273		)	(1,345		)
Impact of rate change	46			42			(94		)
Other permanent items	(416		)	(418		)	(443		)
Impact of acquired tax attributes	—			(5		)	361
Impact of provision to return	309			370			71
Income tax benefit (expense)	$	39,126		$	(1,145	)	$	(879	)

Deferred income taxes represent the tax effect from continuing operations of the differences between the book and tax basis of assets and liabilities. Deferred tax assets (liabilities) include the following (in thousands):



	December 31,
	2015			2014
Deferred tax liabilities:
Property and equipment	$	(7,660	)	$	(5,354	)
Prepaid expenses	(1,780		)	(2,362		)
Other - deferred tax liabilities	(361		)	(163		)
Deferred tax liabilities	$	(9,801	)	$	(7,879	)

Deferred tax assets:
Property and equipment	$	793		$	—
Deferred revenue - key money	2,668			1,429
Incentive and vacation accrual	1,769			2,627
Allowance for doubtful accounts	46			65
Other - deferred tax assets	689			191
Other carryforwards	204			158
Net operating loss carryforwards	53,985			54,355
Valuation allowance	(10,176		)	(51,323		)
Deferred tax assets	$	49,978		$	7,502

The Company records a valuation allowance to reduce its deferred tax assets to the amount that is most likely to be utilized in future periods to offset taxable income. As of December 31, 2014, the Company had a valuation allowance of approximately $51.3 million related to net operating loss (“NOL”) carryforwards and other deferred tax assets of its TRSs. Based upon the available evidence at December 31, 2015, the Company determined it was most likely that the deferred tax assets related to the NOL carryforwards of its primary TRS would be utilized in future periods. As a result, the Company released the valuation allowance against these deferred tax assets and recorded a deferred tax benefit of $39.9 million for the year ended December 31, 2015. The Company considered all available evidence, both positive and negative, including cumulative income in recent years and its current forecast of future income in its analysis. While the Company believes its forecast of future income is reasonable, it is inherently uncertain. If the Company’s projections of future income are lower than expected, the Company may need to reestablish the valuation allowance. As of December 31, 2015, the Company had a remaining valuation allowance of approximately $10.2 million related to the NOL carryforwards of another TRS entity which the Company believed was not likely to be utilized in future periods.

The Company’s NOLs will begin to expire in 2028 for federal tax purposes and during the period from 2018 to 2028 for state tax purposes. Additionally, the annual utilization of these NOLs is limited pursuant to Section 382 of the Code.

The net current and non-current components of deferred income taxes included in the consolidated balance sheets are as follows (in thousands):



	December 31,
	2015			2014
Current net deferred tax assets	$	2,461		$	616
Current net deferred tax liabilities	(2,141		)	(2,524		)
Non-current net deferred tax assets	47,517			6,886
Non-current net deferred tax liabilities	(7,660		)	(5,355		)
Net deferred tax asset (liability)	$	40,177		$	(377	)

The Company had no accruals for tax uncertainties as of December 31, 2015 and 2014.

Segment Information	12 Months Ended
Segment Information	Dec. 31, 2015
Segment Reporting [Abstract]
Segment Information	Segment Information The Company separately evaluates the performance of each of its hotels. However, because each of the hotels has similar economic characteristics, facilities, and services, the hotel properties have been aggregated into a single operating segment.

- Definition

The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 34
-URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8981-108599

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 41
-URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e9038-108599

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
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-Paragraph 33
-URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8971-108599

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 12
-URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8595-108599

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
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-SubTopic 10
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-URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8380-108599

Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 32
-URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8933-108599

Reference 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 26
-URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8844-108599

Reference 8: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 35
-URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8984-108599

Reference 9: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 40
-URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e9031-108599

Reference 10: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 42
-URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e9054-108599

Reference 11: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 10
-URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8538-108599

Reference 12: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
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-Paragraph 29
-URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8864-108599

Reference 13: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 31
-URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8924-108599

Reference 14: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 30
-URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8906-108599

+ Details

Supplemental Information to Statements of Cash Flows

12 Months Ended

Dec. 31, 2015

Supplemental Cash Flow Elements [Abstract]

Supplemental Information to Statements of Cash Flows

Supplemental Information to Statements of Cash Flows (in thousands)



	For the year ended December 31,
	2015			2014			2013
Interest paid, net of capitalized interest	$	48,524		$	52,424		$	59,826

Income taxes paid	$	1,012		$	2,111		$	1,420

Supplemental investing and financing transactions:
In conjunction with the acquisitions, the Company recorded the following:
Purchase of real estate	$	177,169		$	631,950		$	228,573
Restricted cash reserves	1,548			—			—
Accounts receivable	179			807			740
Other assets	120			1,671			957
Mortgage debt assumed	(33,389		)	—			—
Fair value adjustment on mortgage debt assumed	(1,269		)	—			—
Advance deposits	(46		)	(659		)	(313		)
Accounts payable and other liabilities	(543		)	(2,129		)	(12,168		)
Receipt of assets in full satisfaction	—			—			(4,731		)
Gain on foreclosure	—			—			(4,863		)
Acquisition of hotel properties	$	143,769		$	631,640		$	208,195

In conjunction with the dispositions, the Company recorded the following:
Disposal of hotel properties	$	252,500		$	137,829		$	2,500
Disposition costs	(9,055		)	(3,634		)	(140		)
Operating prorations	2,960			(1,526		)	9
Proceeds from the disposal of hotel properties, net	$	246,405		$	132,669		$	2,369

Supplemental non-cash transactions:
Change in fair market value of designated interest rate swaps	$	(2,958	)	$	(7,703	)	$	(5,941	)

Accrued capital expenditures	$	11,383		$	9,641		$	10,610

Distributions payable	$	41,409		$	42,114		$	30,870

Subsequent Events	12 Months Ended
Subsequent Events	Dec. 31, 2015
Subsequent Events [Abstract]
Subsequent Events	Subsequent Events On February 22, 2016, the Company sold the 62-room Holiday Inn Express Merrillville in Merrillville, IN for $2.9 million.

Quarterly Operating Results (unaudited)

12 Months Ended

Dec. 31, 2015

Quarterly Financial Information Disclosure [Abstract]

Quarterly Operating Results (unaudited)

The Company's unaudited condensed consolidated quarterly operating data for the years ended December 31, 2015 and 2014 follows (in thousands, except share and per share data). In the opinion of management, all adjustments (consisting of normal recurring accruals) necessary for a fair presentation of quarterly results have been reflected in the data. It is also management's opinion, however, that quarterly operating data for the hotel properties are not indicative of results to be achieved in succeeding years or quarters. In order to obtain a more accurate indication of performance, there should be a review of operating results, changes in shareholders' equity and cash flows for a period of several years.



	Year ended December 31, 2015
	First Quarter		Second Quarter		Third Quarter		Fourth Quarter
Total revenue	$	270,405	$	301,252	$	289,420	$	275,263
Net income	$	48,102	$	56,410	$	40,933	$	74,367
Net income attributable to common shareholders	$	47,850	$	55,991	$	40,594	$	73,786
Comprehensive income	$	38,447	$	61,910	$	25,428	$	89,478
Basic per share data:
Net income attributable to common shareholders	$	0.36	$	0.43	$	0.32	$	0.58
Diluted per share data:
Net income attributable to common shareholders	$	0.36	$	0.42	$	0.31	$	0.59
Basic weighted average common shares outstanding	131,272,611		130,670,629		127,663,480		124,256,834
Diluted weighted average common shares outstanding	132,286,542		131,618,693		128,143,154		124,679,650



	Year ended December 31, 2014
	First Quarter		Second Quarter		Third Quarter		Fourth Quarter
Total revenue	$	236,373	$	295,047	$	297,666	$	280,111
Net income	$	11,985	$	53,361	$	37,064	$	34,070
Net income attributable to common shareholders	$	11,932	$	52,904	$	36,760	$	33,845
Comprehensive income	$	10,571	$	45,991	$	42,327	$	28,849
Basic per share data:
Net income attributable to common shareholders	$	0.10	$	0.42	$	0.28	$	0.26
Diluted per share data:
Net income attributable to common shareholders	$	0.10	$	0.42	$	0.28	$	0.25
Basic weighted average common shares outstanding	121,740,962		125,260,607		131,106,440		131,189,673
Diluted weighted average common shares outstanding	122,867,755		126,475,051		132,386,843		132,186,832

Schedule III - Real Estate and Accumulated Depreciation

12 Months Ended

Dec. 31, 2015

SEC Schedule III, Real Estate and Accumulated Depreciation Disclosure [Abstract]

Schedule III - Real Estate and Accumulated Depreciation



			Initial Costs				Costs Capitalized Subsequent to Acquisition		Gross Amount at December 31, 2015
Description	Debt		Land & Improvements		Building & Improvements		Land, Building & Improvements		Land & Improvements		Buildings & Improvements		Total (1)		Accumulated Depreciation		Date Acquired	Depreciation Life
Marriott Austin South	$	—	$	2,253	$	16,522	$	1,454	$	2,253	$	17,976	$	20,229	$	4,209	2006	15 - 40 years
Marriott Denver South @ Park Meadows	—		5,385		39,488		3,047		5,385		42,535		47,920		9,849		2006	15 - 40 years
Marriott Louisville Downtown	80,000		—		89,541		3,656		—		93,197		93,197		21,761		2006	15 - 40 years
Marriott Chicago Midway	—		4,464		32,736		1,914		4,474		34,640		39,114		8,225		2006	15 - 40 years
Renaissance Boulder Flatiron Hotel	—		4,440		32,557		2,052		4,586		34,463		39,049		8,007		2006	15 - 40 years
Renaissance Fort Lauderdale Plantation Hotel	—		4,842		35,517		1,863		4,842		37,380		42,222		8,719		2006	15 - 40 years
Courtyard Austin Northwest Arboretum	—		1,443		10,585		2,900		1,446		13,482		14,928		2,837		2006	15 - 40 years
Courtyard Austin South	—		1,530		11,222		1,348		1,533		12,567		14,100		2,957		2006	15 - 40 years
Courtyard Chicago Downtown Magnificent Mile	—		8,140		59,696		2,628		8,140		62,324		70,464		14,552		2006	15 - 40 years
Courtyard Denver West Golden	—		1,325		9,716		1,294		1,325		11,010		12,335		2,537		2006	15 - 40 years
Courtyard Chicago Southeast Hammond	—		1,038		7,616		1,269		1,042		8,881		9,923		2,084		2006	15 - 40 years
Courtyard Indianapolis @ The Capitol	—		2,482		18,207		1,240		2,482		19,447		21,929		4,506		2006	15 - 40 years
Courtyard Boulder Longmont	—		1,192		8,745		909		1,192		9,654		10,846		2,265		2006	15 - 40 years
Courtyard Boulder Louisville	—		1,640		12,025		1,443		1,642		13,466		15,108		3,146		2006	15 - 40 years
Courtyard Louisville Northeast	—		1,374		10,079		767		1,376		10,844		12,220		2,584		2006	15 - 40 years
Courtyard Midway Airport	—		2,172		15,927		2,333		2,175		18,257		20,432		4,804		2006	15 - 40 years
Courtyard South Bend Mishawaka	—		640		4,699		1,239		642		5,936		6,578		1,534		2006	15 - 40 years
Courtyard Salt Lake City Airport	—		2,333		17,110		1,397		2,333		18,507		20,840		4,219		2006	15 - 40 years
Courtyard Houston Sugarland	—		1,217		8,931		1,108		1,217		10,039		11,256		2,262		2006	15 - 40 years
Courtyard Fort Lauderdale SW Miramar	—		1,619		11,872		1,143		1,619		13,015		14,634		2,631		2007	15 - 40 years
Courtyard Austin Downtown Convention Center	48,954		6,049		44,361		1,491		6,049		45,852		51,901		9,293		2007	15 - 40 years
Courtyard Austin Airport	—		1,691		12,404		3,421		1,753		15,763		17,516		2,816		2007	15 - 40 years
Residence Inn Austin Northwest Arboretum	—		1,403		10,290		1,951		1,403		12,241		13,644		2,660		2006	15 - 40 years
Residence Inn Austin South	—		802		5,883		910		802		6,793		7,595		1,492		2006	15 - 40 years
Residence Inn Austin North Parmer Lane	—		1,483		10,872		588		1,483		11,460		12,943		2,652		2006	15 - 40 years
Residence Inn Indianapolis Fishers	—		998		7,322		1,005		1,048		8,277		9,325		1,862		2006	15 - 40 years
Residence Inn Denver West Golden	—		1,222		8,963		1,188		1,222		10,151		11,373		2,212		2006	15 - 40 years
Residence Inn Chicago Southeast Hammond	—		980		7,190		918		980		8,108		9,088		1,821		2006	15 - 40 years



		Initial Costs		Costs Capitalized Subsequent to Acquisition	Gross Amount at December 31, 2015
Description	Debt	Land & Improvements	Building & Improvements	Land, Building & Improvements	Land & Improvements	Buildings & Improvements	Total (1)	Accumulated Depreciation	Date Acquired	Depreciation Life
Residence Inn Houston By The Galleria	—	2,665	19,549	2,631	2,665	22,180	24,845	5,008	2006	15 - 40 years
Residence Inn Indianapolis Downtown On The Canal	—	2,670	19,588	2,095	2,670	21,683	24,353	4,953	2006	15 - 40 years
Residence Inn Longmont Boulder	—	1,407	10,321	796	1,407	11,117	12,524	2,530	2006	15 - 40 years
Residence Inn Boulder Louisville	—	1,298	9,519	923	1,298	10,442	11,740	2,399	2006	15 - 40 years
Residence Inn Louisville Northeast	—	1,319	9,675	1,080	1,319	10,755	12,074	2,379	2006	15 - 40 years
Residence Inn Merrillville	—	595	4,372	1,243	595	5,615	6,210	1,456	2006	15 - 40 years
Residence Inn Detroit Novi	—	1,427	10,445	1,754	1,427	12,199	13,626	2,559	2006	15 - 40 years
Residence Inn Chicago Oak Brook	—	—	20,436	881	—	21,317	21,317	4,941	2006	15 - 40 years
Residence Inn Fort Lauderdale Plantation	—	2,183	16,021	4,249	2,295	20,158	22,453	4,452	2006	15 - 40 years
Residence Inn Salt Lake City Airport	—	875	6,416	1,279	875	7,695	8,570	1,693	2006	15 - 40 years
Residence Inn San Antonio Downtown Market Sq	—	1,822	13,360	2,278	1,822	15,638	17,460	3,477	2006	15 - 40 years
Residence Inn Houston Sugarland	—	1,100	8,073	1,323	1,100	9,396	10,496	2,216	2006	15 - 40 years
Residence Inn Chicago Naperville	—	1,923	14,101	837	1,923	14,938	16,861	3,540	2006	15 - 40 years
Residence Inn Louisville Downtown	—	1,815	13,308	744	1,815	14,052	15,867	3,066	2007	15 - 40 years
Residence Inn Fort Lauderdale SW Miramar	—	1,692	12,409	1,534	1,692	13,943	15,635	2,765	2007	15 - 40 years
Residence Inn Austin Downtown Convention Center	32,636	3,767	27,626	620	3,767	28,246	32,013	5,760	2007	15 - 40 years
SpringHill Suites Austin North Parmer Lane	—	1,957	14,351	577	1,957	14,928	16,885	3,469	2006	15 - 40 years
SpringHill Suites Austin South	—	1,605	11,768	1,915	1,605	13,683	15,288	2,947	2006	15 - 40 years
SpringHill Suites Louisville Hurstbourne North	—	1,890	13,869	1,016	1,890	14,885	16,775	3,450	2006	15 - 40 years
SpringHill Suites South Bend Mishawaka	—	983	7,217	289	983	7,506	8,489	1,879	2006	15 - 40 years
SpringHill Suites Denver North Westminster	—	2,409	17,670	1,120	2,409	18,790	21,199	4,447	2006	15 - 40 years
SpringHill Suites Boulder Longmont	—	1,144	8,388	708	1,144	9,096	10,240	1,996	2007	15 - 40 years
Fairfield Inn & Suites Austin South Airport	—	505	3,702	1,102	505	4,804	5,309	936	2006	15 - 40 years
Fairfield Inn & Suites Denver Cherry Creek	—	1,203	8,823	1,277	1,203	10,100	11,303	2,336	2006	15 - 40 years
Fairfield Inn & Suites Chicago SE Hammond	—	722	5,301	1,304	722	6,605	7,327	1,435	2006	15 - 40 years
Fairfield Inn & Suites Key West	—	1,803	19,325	3,248	1,853	22,523	24,376	4,727	2006	15 - 40 years
Fairfield Inn & Suites Chicago Midway Airport	—	1,425	10,449	1,676	1,425	12,125	13,550	2,591	2006	15 - 40 years



		Initial Costs		Costs Capitalized Subsequent to Acquisition		Gross Amount at December 31, 2015
Description	Debt	Land & Improvements	Building & Improvements	Land, Building & Improvements		Land & Improvements	Buildings & Improvements	Total (1)	Accumulated Depreciation	Date Acquired	Depreciation Life
Fairfield Inn & Suites San Antonio Dwntn Mkt	—	1,378	10,105	1,273		1,378	11,378	12,756	2,516	2006	15 - 40 years
Holiday Inn Express Merrillville	—	545	4,005	(916	)	445	3,189	3,634	976	2006	15 - 40 years
Hampton Inn Chicago Midway Airport	—	2,747	20,143	2,376		2,747	22,519	25,266	5,168	2006	15 - 40 years
Hilton Garden Inn Chicago Midway Airport	—	2,978	21,842	1,154		2,978	22,996	25,974	5,361	2006	15 - 40 years
Sleep Inn Midway Airport	—	1,189	8,718	1,623		1,189	10,341	11,530	2,529	2006	15 - 40 years
Holiday Inn Express & Suites Midway Airport	—	1,874	13,742	256		1,874	13,998	15,872	3,337	2006	15 - 40 years
Hilton Garden Inn Bloomington	17,500	—	18,945	908		—	19,853	19,853	3,437	2009	15 - 40 years
TGI Friday's Chicago Midway	—	829	6,139	603		829	6,742	7,571	1,501	2006	15 - 40 years
SpringHill Suites Bakersfield	—	1,560	8,838	593		1,575	9,416	10,991	2,109	2007	15 - 40 years
Hampton Inn Suites Clearwater St Petersburg Ulmerton Road	—	1,106	12,721	1,090		1,133	13,784	14,917	2,836	2007	15 - 40 years
Hampton Inn Garden City	—	5,691	22,764	671		5,717	23,409	29,126	4,955	2007	15 - 40 years
Courtyard Houston By The Galleria	26,000	3,069	22,508	1,273		3,069	23,781	26,850	4,765	2007	15 - 40 years
Hampton Inn Fort Walton Beach	—	8,774	6,109	1,096		8,860	7,119	15,979	1,451	2007	15 - 40 years
Embassy Suites Los Angeles Downey	21,707	4,857	29,943	5,562		4,947	35,415	40,362	6,509	2008	15 - 40 years
Hyatt House Austin Arboretum	10,163	2,813	15,940	1,773		2,813	17,713	20,526	3,107	2008	15 - 40 years
Hyatt House Dallas Lincoln Park	17,168	3,169	17,958	627		3,272	18,482	21,754	3,467	2008	15 - 40 years
Hyatt House Dallas Uptown	12,136	2,241	12,698	694		2,306	13,327	15,633	2,442	2008	15 - 40 years
Hyatt House Houston Galleria	12,826	2,976	16,866	1,932		2,976	18,798	21,774	3,377	2008	15 - 40 years
Hilton Garden Inn New York West 35th Street	—	24,244	96,978	1,204		24,258	98,168	122,426	16,949	2009	15 - 40 years
Embassy Suites Tampa Downtown Convention Ctr	—	2,161	71,017	1,726		2,319	72,585	74,904	10,542	2010	15 - 40 years
Fairfield Inn & Suites Washington DC Downtown	—	16,214	22,265	5,099		16,307	27,271	43,578	4,394	2010	15 - 40 years
Embassy Suites Fort Myers Estero	—	2,816	7,862	961		2,861	8,778	11,639	1,387	2010	15 - 40 years
Homewood Suites Washington DC Downtown	32,835	23,139	34,188	2,117		23,139	36,305	59,444	4,865	2010	15 - 40 years
Hilton New York Fashion District	—	35,592	82,392	661		35,606	83,039	118,645	11,076	2010	15 - 40 years
Hampton Inn Suites Denver Tech Center	—	2,373	9,180	1,603		2,428	10,728	13,156	1,804	2010	15 - 40 years
Hotel Indigo New Orleans Garden District	—	1,901	3,865	11,764		2,080	15,450	17,530	2,706	2010	15 - 40 years
Residence Inn Columbia	—	1,993	11,487	1,611		2,036	13,055	15,091	2,014	2010	15 - 40 years
Residence Inn National Harbor Washington DC	—	7,457	37,046	1,843		7,480	38,866	46,346	4,898	2010	15 - 40 years
Residence Inn Silver Spring	—	3,945	18,896	1,012		3,989	19,864	23,853	2,961	2010	15 - 40 years



		Initial Costs		Costs Capitalized Subsequent to Acquisition	Gross Amount at December 31, 2015
Description	Debt	Land & Improvements	Building & Improvements	Land, Building & Improvements	Land & Improvements	Buildings & Improvements	Total (1)	Accumulated Depreciation	Date Acquired	Depreciation Life
Hilton Garden Inn New Orleans Convention Center	—	3,405	20,750	3,925	3,456	24,624	28,080	3,627	2010	15 - 40 years
Hampton Inn West Palm Beach Arprt Central	—	2,280	9,769	468	2,280	10,237	12,517	1,498	2010	15 - 40 years
Hilton Garden Inn West Palm Beach Airport	—	1,206	10,811	1,146	1,215	11,948	13,163	1,551	2010	15 - 40 years
Hilton Garden Inn Los Angeles Hollywood	—	5,303	19,136	5,570	5,493	24,516	30,009	3,859	2010	15 - 40 years
DoubleTree Metropolitan Hotel New York City	—	140,332	188,014	16,108	140,435	204,019	344,454	27,433	2010	15 - 40 years
Renaissance Pittsburgh Hotel	—	3,274	39,934	2,841	3,316	42,733	46,049	5,452	2011	15 - 40 years
Courtyard Atlanta Buckhead	—	2,860	21,668	1,952	2,875	23,605	26,480	3,052	2011	15 - 40 years
DoubleTree Hotel Columbia	—	1,933	6,486	5,154	2,026	11,547	13,573	1,742	2011	15 - 40 years
Marriott Denver Airport @ Gateway Park	26,500	3,083	38,356	3,280	3,158	41,561	44,719	5,445	2011	15 - 40 years
Embassy Suites West Palm Beach Central	—	3,656	9,614	5,346	3,770	14,846	18,616	2,600	2011	15 - 40 years
Hilton Garden Inn Durham Raleigh Research Triangle Park	—	1,751	4,763	5,328	1,870	9,972	11,842	2,076	2011	15 - 40 years
Hilton Garden Inn Pittsburgh University Place	—	1,975	18,490	7,005	2,033	25,437	27,470	3,998	2011	15 - 40 years
Hampton Inn Houston Near The Galleria	—	9,326	9,220	1,630	9,395	10,781	20,176	1,480	2011	15 - 40 years
Courtyard Charleston Historic District	—	2,714	35,828	774	2,736	36,580	39,316	3,926	2011	15 - 40 years
Residence Inn Bethesda Downtown	34,825	8,154	52,750	3,010	8,273	55,641	63,914	5,104	2012	15 - 40 years
Courtyard New York Manhattan Upper East Side	—	20,654	60,223	3,516	20,709	63,684	84,393	5,998	2012	15 - 40 years
Hilton Garden Inn San Francisco Oakland Bay Brg	—	11,902	22,758	1,787	11,947	24,500	36,447	2,351	2012	15 - 40 years
Embassy Suites Boston Waltham	—	6,268	56,025	2,906	6,315	58,884	65,199	4,991	2012	15 - 40 years
Courtyard Houston Downtown Convention Center	—	5,799	28,954	2,865	5,799	31,819	37,618	2,267	2013	15 - 40 years
Residence Inn Houston Downtown Convention Center	—	4,674	24,913	2,752	4,674	27,665	32,339	1,944	2013	15 - 40 years
SpringHill Suites Houston Downtown Convention Center	—	2,382	12,756	15,173	2,458	27,853	30,311	764	2013	15 - 40 years
Courtyard Waikiki Beach	—	557	79,033	8,893	665	87,818	88,483	5,384	2013	15 - 40 years
Courtyard San Francisco	—	11,277	18,198	26,855	11,290	45,040	56,330	631	2013	15 - 40 years
Residence Inn Atlanta Midtown Historic	—	2,812	6,044	6,683	2,939	12,600	15,539	563	2013	15 - 40 years
SpringHill Suites Portland Hillsboro	—	3,488	18,283	46	3,489	18,328	21,817	1,116	2013	15 - 40 years
Hilton Cabana Miami Beach	—	25,083	40,707	1,439	25,119	42,110	67,229	1,724	2014	15 - 40 years
Hyatt House Charlotte Center City	—	3,029	26,193	18	3,029	26,211	29,240	1,212	2014	15 - 40 years



			Initial Costs				Costs Capitalized Subsequent to Acquisition		Gross Amount at December 31, 2015
Description	Debt		Land & Improvements		Building & Improvements		Land, Building & Improvements		Land & Improvements		Buildings & Improvements		Total (1)		Accumulated Depreciation		Date Acquired	Depreciation Life
Hyatt House Cypress Anaheim	—		3,995		9,164		3,805		4,350		12,614		16,964		682		2014	15 - 40 years
Hyatt House Emeryville San Francisco Bay Area	—		7,425		29,137		5,095		7,488		34,169		41,657		1,705		2014	15 - 40 years
Hyatt House San Diego Sorrento Mesa	—		10,419		21,289		1,174		10,530		22,352		32,882		1,123		2014	15 - 40 years
Hyatt House San Jose Silicon Valley	—		6,819		31,682		1		6,820		31,682		38,502		1,471		2014	15 - 40 years
Hyatt House San Ramon	—		5,713		11,852		911		5,717		12,759		18,476		656		2014	15 - 40 years
Hyatt House Santa Clara	—		8,044		27,703		1,410		8,044		29,113		37,157		1,347		2014	15 - 40 years
Hyatt Market Street The Woodlands	—		5,950		16,882		2		5,951		16,883		22,834		795		2014	15 - 40 years
Hyatt Place Fremont Silicon Valley	—		6,208		13,730		976		6,209		14,705		20,914		746		2014	15 - 40 years
Hyatt Place Madison Downtown	—		6,701		25,478		—		6,701		25,478		32,179		1,171		2014	15 - 40 years
Embassy Suites Irvine Orange County	—		15,062		33,048		2,546		15,073		35,583		50,656		1,478		2014	15 - 40 years
Courtyard Portland City Center	—		8,019		53,024		431		8,019		53,455		61,474		2,214		2014	15 - 40 years
Hyatt Atlanta Midtown	—		3,737		41,731		9		3,737		41,740		45,477		1,588		2014	15 - 40 years
DoubleTree Grand Key Resort	—		48,192		27,770		3,830		48,193		31,599		79,792		1,086		2014	15 - 40 years
Hyatt Place Washington DC Downtown K Street	—		10,763		55,225		—		10,763		55,225		65,988		690		2015	15 - 40 years
Homewood Suites Seattle Lynnwood	—		3,933		30,949		—		3,933		30,949		34,882		401		2015	15 - 40 years
Residence Inn Palo Alto Los Altos	34,505		16,996		45,786		—		16,996		45,786		62,782		408		2015	15 - 40 years
	$	407,755	$	733,145	$	2,915,444	$	293,824	$	736,709	$	3,205,704	$	3,942,413	$	464,691

_______________________________________________________________________________

(1) The aggregate cost of real estate for federal income tax purposes is approximately $3.6 billion at December 31, 2015.

The change in the total cost of the properties for the years ended December 31, 2015, 2014, and 2013 is as follows:



	2015			2014			2013
Reconciliation of Land and Buildings and Improvements
Balance at beginning of period	$	3,711,887		$	3,461,251		$	3,218,610
Add: Acquisitions	163,652			573,936			219,169
Add: Improvements	84,615			59,485			30,309
Less: Disposition of properties (1)	(16,738		)	(142,581		)	(6,837		)
Less: Impairment loss	(1,003		)	(9,200		)	—
Less: Land, building and improvements of hotels held for sale	—			(231,004		)	—
Balance at end of period	$	3,942,413		$	3,711,887		$	3,461,251

_______________________________________________________________________________

(1) The disposition of properties for the year ended December 31, 2015 is net of the hotels classified as held for sale for the year ended December 31, 2014 that were subsequently sold in 2015.

The change in the accumulated depreciation of the real estate assets for the years ended December 31, 2015, 2014 and 2013 is as follows:



	2015			2014			2013
Reconciliation of Accumulated Depreciation
Balance at beginning of period	$	(382,266	)	$	(367,306	)	$	(295,397	)
Add: Depreciation for the period	(85,062		)	(81,892		)	(73,556		)
Less: Disposition of properties (1)	2,637			24,383			1,647
Less: Accumulated depreciation of hotels held for sale	—			42,549			—
Balance at end of period	$	(464,691	)	$	(382,266	)	$	(367,306	)

_______________________________________________________________________________

(1) The disposition of properties for the year ended December 31, 2015 is net of the hotels classified as held for sale for the year ended December 31, 2014 that were subsequently sold in 2015.

Summary of Significant Accounting Policies (Policies)	12 Months Ended
Summary of Significant Accounting Policies (Policies)	Dec. 31, 2015
Accounting Policies [Abstract]
Basis of Presentation and Principles of Consolidation	The consolidated financial statements have been prepared on the accrual basis of accounting in accordance with accounting principles generally accepted in the United States of America ("GAAP"). The consolidated financial statements include the accounts of the Company, the Operating Partnership and its wholly-owned subsidiaries, including joint ventures in which the Company has a majority voting interest and control. All intercompany balances have been eliminated in consolidation.
Use of Estimates	The preparation of the Company’s financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of certain assets and liabilities and the amounts of contingent assets and liabilities at the balance sheet date and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.
Reclassifications	Certain prior year amounts in these financial statements have been reclassified to conform to the current year presentation with no impact to net income, shareholders’ equity or cash flows.
Revenue Recognition	The Company’s revenue consists of room revenue, food and beverage revenue and revenue from other hotel operating departments (such as telephone, parking and other guest services). These revenues are recorded net of any sales and occupancy taxes collected from guests. All rebates or discounts are recorded as a reduction in revenue, and there are no material contingent obligations with respect to rebates and discounts offered by the hotels. All revenues are recorded on an accrual basis as earned. An allowance for doubtful accounts is the Company's best estimate of the amount of probable credit losses in the existing accounts receivable and it is recorded as bad debt expense. The allowance is calculated as a percentage of aged accounts receivable. Cash received prior to guest arrival is recorded as an advance deposit from the guest and recognized as revenue at the time of occupancy.
Investment in Hotels and Other Properties	The Company’s acquisitions generally consist of land, land improvements, buildings, building improvements, furniture, fixtures and equipment ("FF&E"), and inventory. The Company may also acquire intangible assets or liabilities related to in-place leases, management agreements and franchise agreements. The Company allocates the purchase price among the assets acquired and liabilities assumed based on their respective fair values. We determine the fair values by using market data and independent appraisals available to us and making numerous estimates and assumptions. Transaction costs are expensed for acquisitions that are considered business combinations and capitalized for asset acquisitions. The Company’s investments in hotels and other properties are carried at cost and are depreciated using the straight-line method over estimated useful lives of 15 years for land improvements, 15 years for building improvements, 40 years for buildings and three to five years for FF&E. Intangible assets or liabilities arising from the acquisitions are amortized using the straight-line method over the non-cancelable portion of the term of the agreement. Maintenance and repairs are expensed and major renewals or improvements are capitalized. Interest used to finance real estate under development is capitalized as an additional cost of development. Upon the sale or disposition of a property, the asset and related accumulated depreciation are removed from the accounts and the related gain or loss is included in gain or loss on disposal of hotel properties. Gains or losses from dispositions that represent a strategic shift that has or will have a major effect on operations and financial results will be presented as discontinued operations. In accordance with the guidance on impairment or disposal of long-lived assets, the Company does not consider "held for sale" classification until it is probable that the sale will be completed within one year and the other requisite criteria for such classification have been met. The Company does not depreciate properties so long as they are classified as held for sale. Upon designation as held for sale and quarterly thereafter, the Company reviews the realizability of the carrying value, less cost to sell, in accordance with the guidance. Any such adjustment in the carrying value is reflected as an impairment charge. The Company assesses the carrying value whenever events or changes in circumstances indicate that the carrying amounts may not be fully recoverable. Recoverability is measured by comparing the carrying amount to the estimated future undiscounted cash flows which take into account current market conditions and the Company’s intent with respect to holding or disposing of the properties. If the Company’s analysis indicates that the carrying value is not recoverable on an undiscounted cash flow basis, it recognizes an impairment charge for the amount by which the carrying value exceeds the fair value. Fair value is determined through various valuation techniques, including internally developed discounted cash flow models, comparable market transactions and third-party appraisals, when considered necessary. The use of projected future cash flows is based on assumptions that are consistent with a market participant’s future expectations for the travel industry and the economy in general and the Company’s expected use of the underlying properties. The assumptions and estimates related to the future cash flows and capitalization rates are complex and subjective. Changes in economic and operating conditions that occur subsequent to a current impairment analysis and the Company’s ultimate use of the properties could impact these assumptions and result in future impairment charges with respect to the properties.
Cash and Cash Equivalents	Cash and cash equivalents include all cash and highly liquid investments with a maturity of three months or less when purchased. The Company maintains its cash at domestic banks, which, at times, may exceed the limits of the amounts insured by the Federal Deposit Insurance Corporation.
Restricted Cash Reserves	Restricted cash reserves consists of all cash that is required to be maintained in a reserve escrow account by a management agreement, franchise agreement and/or a mortgage agreement for the replacement of furniture, fixtures and equipment and the funding of real estate taxes and insurance.
Hotel Receivables	Hotel receivables consist mainly of receivables due from hotel guests and meeting and banquet room rentals. The Company does not generally require collateral, as ongoing credit evaluations are performed and an allowance for doubtful accounts is established against any receivable that is estimated to be uncollectible.
Deferred Financing Fees	Deferred financing costs relate to costs incurred to obtain long-term financing. Deferred financing costs are recorded at cost and are amortized using the straight-line method, which approximates the effective interest method, over the respective term of the financing agreement (see Note 6) and are included as a component of interest expense. The Company expenses unamortized deferred financing costs when the associated financing agreement is refinanced or repaid before maturity, unless certain criteria are met that would allow for the carryover of such costs to the refinanced agreement.
Advertising Costs	The Company expenses advertising costs as incurred.
Transaction and Pursuit Costs	The Company incurs costs during the review of potential property acquisitions and dispositions, including legal fees, architectural costs, environmental reviews and market studies. These costs are expensed as incurred.
Derivative Financial Instruments	In the normal course of business, the Company is exposed to the effects of interest rate changes. The Company utilizes a variety of borrowing vehicles including an unsecured revolving credit facility and medium and long-term financings. To reduce the Company's susceptibility to interest rate variability, the Company uses interest rate instruments, typically interest rate swaps, to convert a portion of variable rate debt to fixed rate debt. The Company limits the risks associated with interest rate changes by following the Company's established risk management policies and procedures, including the use of derivatives. The Company utilizes derivative financial instruments to manage, or hedge, interest rate risk. The Company attempts to require that hedging derivative instruments be effective in reducing the interest rate risk exposure that they are designated to hedge. This effectiveness is essential in order to qualify for hedge accounting. Instruments that meet these hedging criteria are formally designated as hedges at the inception of the derivative contract. When the terms of an underlying transaction are modified, or when the underlying hedged item ceases to exist, all changes in the fair value of the instrument are marked-to-market with changes in value included in net income each period until the instrument matures. Interest rate swap agreements contain a credit risk that the counterparties may be unable to fulfill the terms of the agreement. The Company has minimized that risk by evaluating the creditworthiness of its counterparties, who are limited to major banks and financial institutions, and it does not anticipate nonperformance by these counterparties. The estimated fair values of the derivatives have been determined by using available market information and appropriate valuation methods. Considerable judgment is required in interpreting market data to develop the estimates of fair value. Accordingly, the estimates presented herein are not necessarily indicative of the amounts that the Company could realize in a current market exchange. Gains and losses on derivatives determined to be effective hedges are reported in other comprehensive income (loss) and are reclassified to earnings in the period in which the earnings are affected by the underlying hedged item. The ineffective portion of all hedged items is recognized in earnings in the current period.
Noncontrolling Interests	The consolidated financial statements include all subsidiaries controlled by the Company. For the controlled subsidiaries that are not wholly-owned, the noncontrolling interests in these subsidiaries are presented separately in the consolidated financial statements. As of December 31, 2015, the Company consolidated DBT Met Hotel Venture, LP, a majority-owned partnership that has a third-party, noncontrolling 1.7% ownership interest. The third-party partnership interest is included in noncontrolling interest in joint venture on the consolidated balance sheet. Profits and losses are allocated in proportion to each party's respective ownership interest. As of December 31, 2015, the Company consolidated the Operating Partnership, which has a third-party, noncontrolling 0.7% ownership interest. The third-party partnership interest is included in noncontrolling interest in Operating Partnership on the consolidated balance sheet. Profits and losses are allocated in proportion to each party's respective ownership interest.
Income Taxes	The Company has elected to be taxed as a real estate investment trust under Sections 856 through 860 of the Internal Revenue Code, as amended, commencing with the taxable year ended December 31, 2011. To qualify as a REIT, the Company must meet a number of organizational and operational requirements, including a requirement that it distribute at least 90% of its REIT taxable income, subject to certain adjustments and excluding any net capital gain. The Company's current intention is to adhere to these requirements and maintain the qualification for taxation as a REIT. As a REIT, the Company generally is not subject to federal corporate income tax on that portion of net income that is distributed. If the Company fails to qualify for taxation as a REIT in any taxable year, it will be subject to federal income taxes at regular corporate rates (including any applicable alternative minimum tax) and may not be able to qualify as a REIT for four subsequent taxable years. Even if the Company qualifies for taxation as a REIT, it may be subject to certain state and local taxes on income and property, and to federal income and excise taxes on undistributed taxable income. Taxable income from non-REIT activities managed through taxable REIT subsidiaries is subject to federal, state and local income taxes. The taxable REIT subsidiaries are required to pay income taxes at the applicable rates. The consolidated income tax provision or benefit includes the income tax provision or benefit related to the operations of the taxable REIT subsidiaries as well as state income taxes incurred. Where required, deferred income taxes are accounted for using the asset and liability method. Under this method, deferred income taxes are recognized for temporary differences between the financial reporting bases of assets and liabilities and their respective income tax bases and for operating loss, capital loss and tax credit carryforwards based on enacted income tax rates expected to be in effect when such amounts are realized or settled. However, deferred tax assets are recognized only to the extent that is more likely than not they will be realized based on consideration of available evidence, including future reversals of existing taxable temporary differences, future projected taxable income and tax planning strategies. The Company performs an annual review for any uncertain tax positions and, if necessary, will record expected future tax consequences of uncertain tax positions in the financial statements.
Earnings Per Share	Basic earnings per common share is calculated by dividing net income attributable to common shareholders by the weighted-average number of common shares outstanding during the period excluding the weighted-average number of unvested restricted shares outstanding during the period. Diluted earnings per common share is calculated by dividing net income attributable to common shareholders by the weighted-average number of common shares outstanding during the period, plus any shares that could potentially be outstanding during the period. Potential shares consist of unvested share-based awards, calculated using the treasury stock method. Any anti-dilutive shares have been excluded from the diluted earnings per share calculation.
Share-based Compensation	From time to time, the Company may issue share-based awards under the RLJ Lodging Trust 2015 Equity Incentive Plan (the "2015 Plan"), as compensation to officers, employees and non-employee trustees (see Note 11). The vesting of the awards issued to officers and employees is based on either continued employment (time-based) or based on the relative total shareholder returns of the Company and continued employment (performance-based), as determined by the board of trustees at the date of grant. For time-based awards, the Company recognizes compensation expense for unvested restricted shares on a straight-line basis over the vesting period based upon the fair market value of the shares on the date of grant, adjusted for forfeitures. For performance-based awards, the Company recognizes compensation expense over the requisite service period for each award, based on the fair market value of the shares on the date of grant, as determined using a Monte Carlo simulation, adjusted for forfeitures.
Recently Issued Accounting Pronouncements	In April 2014, the Financial Accounting Standards Board ("FASB") issued Accounting Standards Update ("ASU") 2014-08, Reporting Discontinued Operations and Disclosures of Disposals of Components of an Entity, which significantly changed the requirements for reporting discontinued operations. Under the new guidance, only disposals representing a strategic shift that has (or will have) a major effect on operations and final results should be presented as discontinued operations. The guidance also provides additional disclosure requirements in connection with both discontinued operations and other dispositions not qualifying as discontinued operations. The guidance applies to all disposals (or classifications as held for sale) of components of an entity that occur within annual periods beginning on or after December 15, 2014, and interim periods within those years. Early adoption was permitted, but only for disposals (or classifications as held for sale) that had not been reported in financial statements previously issued or available for issuance. The Company adopted the new guidance for the quarterly period ended March 31, 2014. Prior to January 1, 2014, properties disposed of were presented in discontinued operations for all periods presented. In May 2014, the Financial Accounting Standards Board ("FASB") issued Accounting Standards Update ("ASU") 2014-09, Revenue from Contracts with Customers, which supersedes or replaces nearly all GAAP revenue recognition guidance. The new guidance establishes a new control-based revenue recognition model, changes the basis for deciding when revenue is recognized over time or at a point in time and expands disclosures about revenue. The guidance is effective for annual reporting periods beginning after December 15, 2017, and interim periods within those annual periods. Early adoption is permitted for annual reporting periods beginning after December 15, 2016. The Company is currently evaluating whether this ASU will have a material impact on its financial position, results of operations or cash flows. In August 2014, the FASB issued ASU 2014-15, Presentation of Financial Statements-Going Concern (Subtopic 205-40): Disclosure of Uncertainties about an Entity’s Ability to Continue as a Going Concern. ASU 2014-15 requires management to evaluate whether there are conditions or events that raise substantial doubt about the entity’s ability to continue as a going concern, and to provide certain disclosures when it is probable that the entity will be unable to meet its obligations as they become due within one year after the date that the financial statements are issued. ASU 2014-15 is effective for the annual period ended December 31, 2016 and for annual periods and interim periods thereafter with early adoption permitted. The Company does not believe this ASU will have a material impact on its financial position, results of operations or cash flows. In February 2015, the FASB issued ASU 2015-02, Consolidation (Topic 810): Amendments to the Consolidation Analysis. ASU 2015-02 requires reporting entities to reevaluate whether they should consolidate certain legal entities under the revised consolidation model. This standard modifies the evaluation of whether limited partnerships and similar legal entities are variable interest entities ("VIEs"), eliminates the presumption that a general partner should consolidate a limited partnership, and affects the consolidation analysis of reporting entities that are involved with VIEs, especially those that have fee arrangements and related party relationships. This ASU is effective for fiscal years beginning after December 15, 2015, and for interim periods within those fiscal years. The Company does not believe this ASU will have a material impact on its financial position, results of operations or cash flows. In April 2015, the FASB issued ASU 2015-03, Interest - Imputation of Interest (Subtopic 835-30): Simplifying the Presentation of Debt Issuance Costs. ASU 2015-03 requires debt issuance costs related to a recognized debt liability to be presented in the balance sheet as a direct deduction from the carrying amount of that debt liability. The guidance is effective for fiscal years beginning after December 15, 2015 with early adoption permitted. The Company does not believe this ASU will have a material impact on its financial position, results of operations or cash flows. In August 2015, the FASB issued ASU 2015-15, Interest - Imputation of Interest (Subtopic 835-30): Presentation and Subsequent Measurement of Debt Issuance Costs Associated with Line-of-Credit Arrangements. ASU 2015-15 allows debt issuance costs related to a line of credit arrangement to be presented in the balance sheet as an asset and amortized ratably over the term of the line of credit arrangement, regardless of whether there are any amounts outstanding on the line of credit arrangement. The guidance is effective for fiscal years beginning after December 15, 2015 with early adoption permitted. The Company does not believe this ASU will have a material impact on its financial position, results of operations or cash flows. In September 2015, the FASB issued ASU 2015-16, Business Combinations (Topic 805): Simplifying the Accounting for Measurement-Period Adjustments. ASU 2015-16 requires that the cumulative impact of a measurement period adjustment be recognized in the period in which the adjustment is identified. The guidance is effective for fiscal years beginning after December 15, 2016 with early adoption permitted. The Company does not believe this ASU will have a material impact on its financial position, results of operations or cash flows.

Investment in Hotel Properties (Tables)

12 Months Ended

Dec. 31, 2015

Property, Plant and Equipment [Abstract]

Schedule of investment in hotel properties

Investment in hotel properties as of December 31, 2015 and 2014 consisted of the following (in thousands):



	December 31, 2015			December 31, 2014
Land and improvements	$	736,709		$	706,497
Buildings and improvements	3,205,704			3,005,390
Furniture, fixtures and equipment	571,118			498,126
Intangible assets	2,507			2,507
	4,516,038			4,212,520
Accumulated depreciation and amortization	(841,039		)	(693,717		)
Investment in hotel properties, net	$	3,674,999		$	3,518,803

Acquisition of Hotel Properties (Tables)

12 Months Ended

Dec. 31, 2015

Business Combinations [Abstract]

Schedule of acquired properties

During the year ended December 31, 2015, the Company acquired a 100% interest in the following properties:

Property

Location

Acquisition Date

Management Company

Rooms

Purchase Price (in thousands)

Hyatt Place Washington DC Downtown K Street

Washington, DC

July 15, 2015

Aimbridge Hospitality

164

68,000

Homewood Suites Seattle Lynnwood

Lynnwood, WA

July 20, 2015

InnVentures

170

37,900

Residence Inn Palo Alto Los Altos (1)

Los Altos, CA

September 25, 2015

InnVentures

156

70,000

490

175,900

_______________________________________________________________________________

(1) In connection with this acquisition, the Company assumed a $33.4 million mortgage loan with a fair value at assumption of $34.7 million.

During the year ended December 31, 2014, the Company acquired a 100% interest in the following properties:

Property

Location

Acquisition
Date

Management
Company

Rooms

Purchase Price
(in thousands)

Hyatt House Charlotte Center City

Charlotte, NC

March 12, 2014

Hyatt Affiliate

163

32,496

Hyatt House Cypress Anaheim

Cypress, CA

March 12, 2014

Hyatt Affiliate

142

14,753

Hyatt House Emeryville San Francisco Bay Area

Emeryville, CA

March 12, 2014

Hyatt Affiliate

234

39,274

Hyatt House San Diego Sorrento Mesa

San Diego, CA

March 12, 2014

Hyatt Affiliate

193

35,985

Hyatt House San Jose Silicon Valley

San Jose, CA

March 12, 2014

Hyatt Affiliate

164

44,159

Hyatt House San Ramon

San Ramon, CA

March 12, 2014

Hyatt Affiliate

142

20,833

Hyatt House Santa Clara

Santa Clara, CA

March 12, 2014

Hyatt Affiliate

150

40,570

Hyatt Market Street The Woodlands

The Woodlands, TX

March 12, 2014

Hyatt Corporation

25,817

Hyatt Place Fremont Silicon Valley

Fremont, CA

March 12, 2014

Hyatt Affiliate

151

23,525

Hyatt Place Madison Downtown

Madison, WI

March 12, 2014

Hyatt Affiliate

151

35,088

Courtyard Portland City Center

Portland, OR

May 22, 2014

Sage Hospitality

256

67,000

Embassy Suites Irvine Orange County

Irvine, CA

May 22, 2014

Sage Hospitality

293

53,000

Hilton Cabana Miami Beach

Miami, FL

June 19, 2014

Highgate Hotels

231

71,700

Hyatt Atlanta Midtown

Atlanta, GA

July 14, 2014

Interstate Hotels
and Resorts

194

49,500

DoubleTree Grand Key Resort (1)

Key West, FL

September 11, 2014

Interstate Hotels
and Resorts

215

78,250

2,749

631,950

_______________________________________________________________________________

(1) Purchase price includes $1.3 million paid for five condominium units.

Schedule of allocation of purchase price for the properties acquired

The allocation of the purchase price for the properties acquired was as follows (in thousands):



	For the year ended December 31,
	2015			2014
Land and improvements	$	31,692		$	164,396
Buildings and improvements	131,960			409,540
Furniture, fixtures and equipment	13,517			57,575
Intangible and other assets	—			439
Fair value adjustment on mortgage debt assumed	(1,269		)	—
Total purchase price	$	175,900		$	631,950

Schedule of total revenues and net income (loss) from the properties acquired



	For the year ended December 31,
	2015
Total revenue	$	10,053
Net loss	$	(1,477	)



	For the year ended December 31,
	2014
Total revenue	$	106,306
Net income	$	18,773

Schedule of unaudited condensed pro forma financial information

The unaudited condensed pro forma financial information is as follows (in thousands, except share and per share data):



	For the year ended December 31,
	2015		2014
	(unaudited)
Total revenue	$	1,149,453	$	1,165,303
Net income attributable to common shareholders	$	222,498	$	146,755
Net income per share attributable to common shareholders - basic	$	1.72	$	1.14
Net income per share attributable to common shareholders - diluted	$	1.71	$	1.14
Weighted average number of shares outstanding - basic	128,444,469		127,360,669
Weighted average number of shares outstanding - diluted	128,967,754		128,293,843

Disposal of Hotel Properties (Tables)

12 Months Ended

Dec. 31, 2015

Discontinued Operations and Disposal Groups [Abstract]

Properties disposed

The following table provides a list of properties that were sold during the year ended December 31, 2015:



Property Name	Location	Disposal Date	Rooms
Courtyard Chicago Schaumburg	Schaumburg, IL	February 23, 2015	162
Courtyard Detroit Pontiac Bloomfield	Pontiac, MI	February 23, 2015	110
Courtyard Grand Junction	Grand Junction, CO	February 23, 2015	136
Courtyard Mesquite	Mesquite, TX	February 23, 2015	101
Courtyard San Antonio Airport Northstar	San Antonio, TX	February 23, 2015	78
Courtyard Tampa Brandon	Tampa, FL	February 23, 2015	90
Fairfield Inn & Suites Merrillville	Merrillville, IN	February 23, 2015	112
Fairfield Inn & Suites San Antonio Airport	San Antonio, TX	February 23, 2015	120
Fairfield Inn & Suites Tampa Brandon	Tampa, FL	February 23, 2015	107
Hampton Inn Merrillville	Merrillville, IN	February 23, 2015	64
Holiday Inn Grand Rapids Airport	Kentwood, MI	February 23, 2015	148
Homewood Suites Tampa Brandon	Tampa, FL	February 23, 2015	126
Marriott Auburn Hills Pontiac at Centerpoint	Pontiac, MI	February 23, 2015	290
Residence Inn Austin Round Rock	Round Rock, TX	February 23, 2015	96
Residence Inn Chicago Schaumburg	Schaumburg, IL	February 23, 2015	125
Residence Inn Detroit Pontiac Auburn Hills	Pontiac, MI	February 23, 2015	114
Residence Inn Grand Junction	Grand Junction, CO	February 23, 2015	104
Residence Inn Indianapolis Carmel	Carmel, IN	February 23, 2015	120
Springhill Suites Chicago Schaumburg	Schaumburg, IL	February 23, 2015	132
Springhill Suites Indianapolis Carmel	Carmel, IN	February 23, 2015	126
Fairfield Inn & Suites Valparaiso	Valparaiso, IN	May 22, 2015	63
Residence Inn South Bend	South Bend, IN	July 7, 2015	80
Embassy Suites Columbus	Columbus, OH	October 14, 2015	221
		Total	2,825

The following table provides a list of properties that were sold during the year ended December 31, 2014:



Property Name	Location	Disposal Date	Rooms
Courtyard Denver Southwest Lakewood	Lakewood, CO	February 20, 2014	90
Residence Inn Denver Southwest Lakewood	Lakewood, CO	February 20, 2014	102
Hyatt House Colorado Springs	Colorado Springs, CO	February 20, 2014	125
SpringHill Suites Gainesville	Gainesville, FL	February 20, 2014	126
Residence Inn Indianapolis Airport	Indianapolis, IN	February 20, 2014	95
Fairfield Inn & Suites Indianapolis Airport	Indianapolis, IN	February 20, 2014	86
Courtyard Grand Rapids Airport	Kentwood, MI	February 20, 2014	84
Hampton Inn Suites Las Vegas Red Rock Summerlin	Las Vegas, NV	February 20, 2014	106
Courtyard Austin University Area	Austin, TX	February 20, 2014	198
Fairfield Inn & Suites Austin University Area	Austin, TX	February 20, 2014	63
Hyatt House Dallas Richardson	Richardson, TX	February 20, 2014	130
Hilton Garden Inn St. George	St. George, UT	February 25, 2014	150
Hilton Mystic	Mystic, CT	March 26, 2014	182
Holiday Inn Austin NW Arboretum Area	Austin, TX	June 18, 2014	194
Courtyard Benton Harbor St Joseph	Benton Harbor, MI	December 16, 2014	98
Courtyard Valparaiso	Valparaiso, IN	December 17, 2014	111
Courtyard Merrillville	Merrillville, IN	December 18, 2014	112
Courtyard Fort Wayne	Fort Wayne, IN	December 19, 2014	142
		Total	2,194



Property Name	Location	Disposal Date	Rooms
SpringHill Suites Southfield (1)	Southfield, MI	May 30, 2013	84
Courtyard Goshen (2)	Goshen, IN	August 28, 2013	91
Fairfield Inn & Suites Memphis	Memphis, TN	November 18, 2013	63
		Total	238

_______________________________________________________________________________

(1)

(2)

Schedule of operating results of discontinued operations

The operating results of the discontinued operations were as follows (in thousands):



	For the year ended December 31,
	2013
Operating revenue	$	2,950
Operating expense	(2,930		)
Operating income	20
Interest expense	(373		)
Loss from discontinued operations before gain on sale	(353		)
Gain on sale of property	2,081
Gain on extinguishment of indebtedness	5,708
Net income from discontinued operations	$	7,436

- Definition

Tabular disclosure of information related to a disposal group. Includes, but is not limited to, a discontinued operation, disposal classified as held-for-sale or disposed of by means other than sale or disposal of an individually significant component.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 205
-SubTopic 20
-Section 45
-Paragraph 11
-URI http://asc.fasb.org/extlink&oid=51716988&loc=SL51721533-107759

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 205
-SubTopic 20
-Section 50
-Paragraph 4B
-URI http://asc.fasb.org/extlink&oid=51717284&loc=SL51721665-107760

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 205
-SubTopic 20
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=51717284&loc=d3e1474-107760

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 205
-SubTopic 20
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=51717284&loc=d3e1361-107760

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 205
-SubTopic 20
-Section 50
-Paragraph 7
-URI http://asc.fasb.org/extlink&oid=51717284&loc=SL51721683-107760

Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 360
-SubTopic 10
-Section 50
-Paragraph 3A
-URI http://asc.fasb.org/extlink&oid=51719941&loc=SL51724579-110230

Reference 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 205
-SubTopic 20
-Section 50
-Paragraph 5C
-URI http://asc.fasb.org/extlink&oid=51717284&loc=SL51721675-107760

Reference 8: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 205
-SubTopic 20
-Section 50
-Paragraph 4A
-URI http://asc.fasb.org/extlink&oid=51717284&loc=SL51721663-107760

Reference 9: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 360
-SubTopic 10
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=51719941&loc=d3e2941-110230

Reference 10: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 205
-SubTopic 20
-Section 50
-Paragraph 5B
-URI http://asc.fasb.org/extlink&oid=51717284&loc=SL51721673-107760

Reference 11: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 205
-SubTopic 20
-Section 50
-Paragraph 3A
-URI http://asc.fasb.org/extlink&oid=51717284&loc=SL51721659-107760

Reference 12: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 205
-SubTopic 20
-Section 50
-Paragraph 5A
-URI http://asc.fasb.org/extlink&oid=51717284&loc=SL51721671-107760

Reference 13: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 205
-SubTopic 20
-Section 50
-Paragraph 5D
-URI http://asc.fasb.org/extlink&oid=51717284&loc=SL51721677-107760

+ Details

Debt (Tables)

12 Months Ended

Dec. 31, 2015

Debt Disclosure [Abstract]

Schedule of credit facilities

As of December 31, 2015 and 2014, the details of the credit facilities were as follows (in thousands):



			Outstanding Borrowings at
	Interest Rate at December 31, 2015 (1)	Maturity Date	December 31, 2015		December 31, 2014
Revolver (2)	2.18%	November 2016	$	—	$	—
2013 Five-Year Term Loan	3.10%	August 2018	400,000		400,000
2012 Five-Year Term Loan	2.72%	March 2019	400,000		400,000
2012 Seven-Year Term Loan	4.04%	November 2019	225,000		225,000
2014 Seven-Year Term Loan	3.43%	January 2022	150,000		—
Total			$	1,175,000	$	1,025,000

_______________________________________________________________________________


(1)	Interest rate at December 31, 2015 gives effect to interest rate hedges.


(2)	At December 31, 2015 there was $300.0 million of borrowing capacity on the Revolver.

Schedule of mortgage loans

As of December 31, 2015 and 2014, the Company was subject to the following mortgage loans (in thousands):




						Principal balance at
Lender	Number of Assets Encumbered	Interest Rate at December 31, 2015 (1)		Maturity Date		December 31, 2015		December 31, 2014
PNC Bank (2)	5	2.78%	(3)	May 2016	(4)	$	74,000	$	74,000
Wells Fargo (5)	4	4.19%		September 2016	(6)	149,250		150,000
Wells Fargo	4	3.99%	(3)	October 2017	(6)	150,000		143,000
Wells Fargo (7)	1	5.25%		June 2022		34,505		—
Capmark Financial Group				May 2015		—		10,513
Capmark Financial Group				June 2015		—		4,561
Barclays Bank				June 2015		—		107,544
Barclays Bank				June 2015		—		26,775
Capmark Financial Group				July 2015		—		6,214
Barclays Bank				September 2015		—		10,140
	14					$	407,755	$	532,747

_______________________________________________________________________________


(1)	Interest rate at December 31, 2015 gives effect to interest rate hedges.


(2)	The five hotels encumbered by the PNC Bank loan are cross-collateralized.


(3)	Requires payments of interest only until the commencement of the extension period(s).


(4)	Maturity date may be extended for one one-year term at the Company’s option, subject to certain lender requirements.


(5)	Two of the four hotels encumbered by the Wells Fargo loans are cross-collateralized.


(6)	Maturity date may be extended for four one-year terms at the Company’s option, subject to certain lender requirements.


(7)	Includes $1.2 million at December 31, 2015 related to a fair value adjustment of $1.3 million on mortgage debt assumed in conjunction with an acquisition, net of accumulated amortization of $0.1 million.

Components of interest expense

For the years ended December 31, 2015, 2014 and 2013, the components of our interest expense were as follows (in thousands):



	For the year ended December 31,
	2015			2014			2013
Mortgage indebtedness	$	16,500		$	23,282		$	44,290
Revolving credit facility and term loans	35,898			29,560			15,574
Loss on defeasance	—			804			—
Amortization of deferred financing costs	4,164			4,298			4,484
Capitalized interest	(1,774		)	(1,134		)	—
Total interest expense	$	54,788		$	56,810		$	64,348

Schedule of maturities

As of December 31, 2015, the future minimum principal payments on debt were as follows (in thousands):



2016	$	223,855
2017	150,594
2018	400,626
2019	625,660
2020	691
Thereafter	180,123
Total (1)	$	1,581,549

_______________________________________________________________________________


(1)	Excludes $1.2 million related to a fair value adjustment of $1.3 million on mortgage debt assumed in conjunction with an acquisition, net of accumulated amortization of $0.1 million.

Derivatives and Hedging (Tables)

12 Months Ended

Dec. 31, 2015

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of interest rate swaps and caps

As of December 31, 2015 and December 31, 2014, the Company had entered into the following interest rate swaps (in thousands):



	Notional value at						Fair value at
Hedge type	December 31, 2015		December 31, 2014		Interest rate	Maturity	December 31, 2015			December 31, 2014
Swap-cash flow	$	275,000	$	275,000	1.12%	November 2017	$	(1,014	)	$	(232	)
Swap-cash flow	175,000		175,000		1.56%	March 2018	(2,190		)	(2,182		)
Swap-cash flow	175,000		175,000		1.64%	March 2018	(2,478		)	(2,596		)
Swap-cash flow	16,418		16,500		1.83%	September 2018	(312		)	(315		)
Swap-cash flow	16,418		16,500		1.75%	September 2018	(279		)	(270		)
Swap-cash flow	40,298		40,500		1.83%	September 2018	(765		)	(772		)
Swap-cash flow	41,292		41,500		1.75%	September 2018	(701		)	(678		)
Swap-cash flow	17,910		18,000		1.83%	September 2018	(340		)	(343		)
Swap-cash flow	16,915		17,000		1.75%	September 2018	(287		)	(278		)
Swap-cash flow	125,000		125,000		2.02%	March 2019	(3,186		)	(3,073		)
Swap-cash flow	100,000		100,000		1.94%	March 2019	(2,308		)	(2,145		)
Swap-cash flow	125,000		—		1.27%	March 2019	(115		)	—
Swap-cash flow (1)	100,000		—		1.96%	March 2019	(321		)	—
Swap-cash flow (1)	50,000		—		1.85%	March 2019	(87		)	—
Swap-cash flow (1)	50,000		—		1.81%	March 2019	(62		)	—
Swap-cash flow (1)	25,000		—		1.74%	March 2019	(9		)	—
Swap-cash flow (2)	33,000		—		1.80%	September 2020	98			—
Swap-cash flow (2)	82,000		—		1.80%	September 2020	245			—
Swap-cash flow (2)	35,000		—		1.80%	September 2020	104			—
Swap-cash flow	143,000		143,000		1.81%	October 2020	(2,196		)	(760		)
Swap-cash flow	50,000		—		1.61%	June 2021	(97		)	—
Swap-cash flow	50,000		—		1.56%	June 2021	59			—
Swap-cash flow	50,000		—		1.71%	June 2021	(361		)	—
	$	1,792,251	$	1,143,000			$	(16,602	)	$	(13,644	)

_______________________________________________________________________________


(1)	Effective between the maturity of the existing swap in November 2017 and the maturity of the debt in March 2019.


(2)	Effective between the maturity of the existing swaps in September 2018 and the maturity of the debt in September 2020.

Fair Value (Tables)

12 Months Ended

Dec. 31, 2015

Fair Value Disclosures [Abstract]

Schedule of fair value hierarchy for financial assets and liabilities measured at fair value on a recurring basis

The following table presents the Company’s fair value hierarchy for those financial assets and liabilities measured at fair value on a recurring basis as of December 31, 2015 (in thousands):



	Fair Value at December 31, 2015
	Level 1		Level 2			Level 3		Total
Interest rate swap asset	$	—	$	506		$	—	$	506
Interest rate swap liability	$	—	$	(17,108	)	$	—	$	(17,108	)
Total	$	—	$	(16,602	)	$	—	$	(16,602	)

The following table presents the Company’s fair value hierarchy for those financial assets and liabilities measured at fair value on a recurring basis as of December 31, 2014 (in thousands):



	Fair Value at December 31, 2014
	Level 1		Level 2			Level 3		Total
Interest rate swap liability	$	—	$	(13,644	)	$	—	$	(13,644	)
Total	$	—	$	(13,644	)	$	—	$	(13,644	)

Commitments and Contingencies (Tables)

12 Months Ended

Dec. 31, 2015

Commitments and Contingencies Disclosure [Abstract]

Schedule of future minimum ground lease payments

As of December 31, 2015, the future minimum ground lease payments were as follows (in thousands):



	2016		2017		2018		2019		2020		Thereafter		Total
Future minimum ground lease payments	$	4,708	$	4,711	$	4,713	$	4,716	$	4,718	$	420,588	$	444,154

Schedule of hotel properties operated pursuant to long-term agreements with fifteen management companies



Management Company		Number of Hotels
Aimbridge Hospitality		3
Concord Hospitality Enterprises Company		1
Crestline Hotels and Resorts		1
Davidson Hotels and Resorts		1
Embassy Suites Management		3
HEI Hotels and Resorts		1
Highgate Hotels		6
Hyatt Corporation and affiliates		10
Interstate Hotels and Resorts		11
InnVentures		3
K Partners Hospitality Group		1
Marriott Hotel Services		5
Sage Hospitality		4
Urgo Hotels		4
WLS		72
		126

Equity Incentive Plan (Tables)

12 Months Ended

Dec. 31, 2015

Disclosure of Compensation Related Costs, Share-based Payments [Abstract]

Summary of the unvested shares

A summary of the unvested shares as of December 31, 2015, 2014 and 2013 is as follows:



	2015				2014				2013
	Number of Shares		Weighted Average Grant Date Fair Value		Number of Shares		Weighted Average Grant Date Fair Value		Number of Shares		Weighted Average Grant Date Fair Value
Unvested at January 1,	731,459		$	21.21	932,800		$	18.99	1,013,673		$	17.80
Granted (1)	292,505		32.10		348,234		24.46		383,187		21.25
Vested (1)	(470,703	)	21.52		(537,988	)	19.44		(458,808	)	18.24
Forfeited	(12,376	)	25.65		(11,587	)	22.89		(5,252	)	20.07
Unvested at December 31,	540,885		$	26.73	731,459		$	21.21	932,800		$	18.99

_______________________________________________________________________________


(1)	For the years ended December 31, 2015, 2014 and 2013, respectively, 5,008, 4,347 and 5,357 unrestricted shares were issued in lieu of cash compensation to non-employee trustees at a weighted average grant date fair value of $26.43, $29.31 and $23.20, respectively.

Earnings per Common Share (Tables)

12 Months Ended

Dec. 31, 2015

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 year ended December 31,
	2015			2014			2013
Numerator:
Income from continuing operations attributable to common shareholders, including gain on disposal of hotel properties	$	218,221		$	135,441		$	105,539
Add: Income from discontinued operations	—			—			7,382
Net income attributable to common shareholders	218,221			135,441			112,921
Less: Dividends paid on unvested restricted shares	(1,180		)	(951		)	(936		)
Less: Undistributed earnings attributable to unvested restricted shares	(378		)	—			(61		)
Net income attributable to common shareholders excluding amounts attributable to unvested restricted shares	$	216,663		$	134,490		$	111,924

Denominator:
Weighted-average number of common shares - basic	128,444,469			127,360,669			117,950,066
Unvested restricted shares	523,285			316,020			251,217
Unvested performance units	—			617,154			537,343
Weighted-average number of common shares - diluted	128,967,754			128,293,843			118,738,626

Basic per common share data:
Net income per share attributable to common shareholders before discontinued operations - basic	$	1.69		$	1.06		$	0.89
Discontinued operations	—			—			0.06
Net income per share attributable to common shareholders - basic	$	1.69		$	1.06		$	0.95

Diluted per common share data:
Net income per share attributable to common shareholders before discontinued operations - diluted	$	1.68		$	1.05		$	0.88
Discontinued operations	—			—			0.06
Net income per share attributable to common shareholders - diluted	$	1.68		$	1.05		$	0.94

Income Taxes (Tables)

12 Months Ended

Dec. 31, 2015

Income Tax Disclosure [Abstract]

Schedule of cash distributions for federal income tax purposes

For federal income tax purposes, the cash distributions paid for the years ended December 31, 2015 and 2014 are characterized as follows:



	For the Years Ended December 31,
	2015		2014
Common distributions:
Ordinary income	100.0	%	100.0	%
Return of capital	—		—
Capital gains	—		—
	100.0	%	100.0	%

Schedule of components of the income tax provision from continuing operations

The components of the income tax provision from continuing operations are as follows (in thousands):



	For the Years Ended December 31,
	2015			2014			2013
Current:
Federal	$	(287	)	$	(244	)	$	(323	)
State	(1,145		)	(1,543		)	(1,439		)
Deferred:
Federal	36,359			572			830
State	4,199			70			53
Total net tax benefit (expense)	$	39,126		$	(1,145	)	$	(879	)

Schedule of differences between provision for income taxes from the amount of income tax determined by applying the applicable U.S. statutory federal income tax rate to pretax income from continuing operations



	For the Years Ended December 31,
	2015			2014			2013
Expected federal tax expense at statutory rate	$	(63,240	)	$	(47,906	)	$	(40,271	)
Tax impact of REIT election	62,391			45,842			37,230
Expected tax expense at TRS	(849		)	(2,064		)	(3,041		)
Change in valuation allowance	41,147			2,203			3,612
State income tax expense, net of federal	(1,111		)	(1,273		)	(1,345		)
Impact of rate change	46			42			(94		)
Other permanent items	(416		)	(418		)	(443		)
Impact of acquired tax attributes	—			(5		)	361
Impact of provision to return	309			370			71
Income tax benefit (expense)	$	39,126		$	(1,145	)	$	(879	)

Schedule of deferred tax assets (liabilities)



	December 31,
	2015			2014
Deferred tax liabilities:
Property and equipment	$	(7,660	)	$	(5,354	)
Prepaid expenses	(1,780		)	(2,362		)
Other - deferred tax liabilities	(361		)	(163		)
Deferred tax liabilities	$	(9,801	)	$	(7,879	)

Deferred tax assets:
Property and equipment	$	793		$	—
Deferred revenue - key money	2,668			1,429
Incentive and vacation accrual	1,769			2,627
Allowance for doubtful accounts	46			65
Other - deferred tax assets	689			191
Other carryforwards	204			158
Net operating loss carryforwards	53,985			54,355
Valuation allowance	(10,176		)	(51,323		)
Deferred tax assets	$	49,978		$	7,502

Schedule of net current and non-current components of deferred income taxes

The net current and non-current components of deferred income taxes included in the consolidated balance sheets are as follows (in thousands):



	December 31,
	2015			2014
Current net deferred tax assets	$	2,461		$	616
Current net deferred tax liabilities	(2,141		)	(2,524		)
Non-current net deferred tax assets	47,517			6,886
Non-current net deferred tax liabilities	(7,660		)	(5,355		)
Net deferred tax asset (liability)	$	40,177		$	(377	)

Supplemental Information to Statements of Cash Flows (Tables)

12 Months Ended

Dec. 31, 2015

Supplemental Cash Flow Elements [Abstract]

Schedule of supplemental information to statements of cash flows



	For the year ended December 31,
	2015			2014			2013
Interest paid, net of capitalized interest	$	48,524		$	52,424		$	59,826

Income taxes paid	$	1,012		$	2,111		$	1,420

Supplemental investing and financing transactions:
In conjunction with the acquisitions, the Company recorded the following:
Purchase of real estate	$	177,169		$	631,950		$	228,573
Restricted cash reserves	1,548			—			—
Accounts receivable	179			807			740
Other assets	120			1,671			957
Mortgage debt assumed	(33,389		)	—			—
Fair value adjustment on mortgage debt assumed	(1,269		)	—			—
Advance deposits	(46		)	(659		)	(313		)
Accounts payable and other liabilities	(543		)	(2,129		)	(12,168		)
Receipt of assets in full satisfaction	—			—			(4,731		)
Gain on foreclosure	—			—			(4,863		)
Acquisition of hotel properties	$	143,769		$	631,640		$	208,195

In conjunction with the dispositions, the Company recorded the following:
Disposal of hotel properties	$	252,500		$	137,829		$	2,500
Disposition costs	(9,055		)	(3,634		)	(140		)
Operating prorations	2,960			(1,526		)	9
Proceeds from the disposal of hotel properties, net	$	246,405		$	132,669		$	2,369

Supplemental non-cash transactions:
Change in fair market value of designated interest rate swaps	$	(2,958	)	$	(7,703	)	$	(5,941	)

Accrued capital expenditures	$	11,383		$	9,641		$	10,610

Distributions payable	$	41,409		$	42,114		$	30,870

Quarterly Operating Results (unaudited) (Tables)

12 Months Ended

Dec. 31, 2015

Quarterly Financial Information Disclosure [Abstract]

Schedule of quarterly financial information



	Year ended December 31, 2015
	First Quarter		Second Quarter		Third Quarter		Fourth Quarter
Total revenue	$	270,405	$	301,252	$	289,420	$	275,263
Net income	$	48,102	$	56,410	$	40,933	$	74,367
Net income attributable to common shareholders	$	47,850	$	55,991	$	40,594	$	73,786
Comprehensive income	$	38,447	$	61,910	$	25,428	$	89,478
Basic per share data:
Net income attributable to common shareholders	$	0.36	$	0.43	$	0.32	$	0.58
Diluted per share data:
Net income attributable to common shareholders	$	0.36	$	0.42	$	0.31	$	0.59
Basic weighted average common shares outstanding	131,272,611		130,670,629		127,663,480		124,256,834
Diluted weighted average common shares outstanding	132,286,542		131,618,693		128,143,154		124,679,650



	Year ended December 31, 2014
	First Quarter		Second Quarter		Third Quarter		Fourth Quarter
Total revenue	$	236,373	$	295,047	$	297,666	$	280,111
Net income	$	11,985	$	53,361	$	37,064	$	34,070
Net income attributable to common shareholders	$	11,932	$	52,904	$	36,760	$	33,845
Comprehensive income	$	10,571	$	45,991	$	42,327	$	28,849
Basic per share data:
Net income attributable to common shareholders	$	0.10	$	0.42	$	0.28	$	0.26
Diluted per share data:
Net income attributable to common shareholders	$	0.10	$	0.42	$	0.28	$	0.25
Basic weighted average common shares outstanding	121,740,962		125,260,607		131,106,440		131,189,673
Diluted weighted average common shares outstanding	122,867,755		126,475,051		132,386,843		132,186,832

Organization (Details)	12 Months Ended
Organization (Details)	Dec. 31, 2015 property loan state room shares
Sale of Stock
Number of properties owned \| property	126
Number of hotel rooms owned \| room	20,900
Number of states in which hotels owned by the entity are located \| state	21
Number of mortgage loans owned \| loan	1
Ownership interest in assets	100.00%
Doubletree Metropolitan Hotel New York City [Member]
Sale of Stock
Ownership interest in assets	98.30%
RLJ Lodging Trust LP [Member]
Sale of Stock
Number of units outstanding (in shares) \| shares	125,529,675
Ownership interest in operating partnerships	99.30%

Summary of Significant Accounting Policies (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Summary of Significant Accounting Policies
Amortization of financing costs excluding discontinued operations	$ 4,164	$ 4,298	$ 4,484
Deferred finance costs, accumulated amortization	10,600	6,800
Advertising expense	$ 4,100	$ 3,700	$ 3,700
Number of subsequent taxable years for which entity will not qualify as REIT upon failure to qualify in any taxable year	4 years
DBT Met Hotel Venture, LP [Member]
Summary of Significant Accounting Policies
Noncontrolling ownership interest of third party	1.70%
RLJ Lodging Trust LP [Member]
Summary of Significant Accounting Policies
Ownership interest in OP units through a combination of direct and indirect interests	0.70%
Land improvements [Member]
Summary of Significant Accounting Policies
Estimated useful lives	15 years
Buildings improvements [Member]
Summary of Significant Accounting Policies
Estimated useful lives	15 years
Buildings [Member]
Summary of Significant Accounting Policies
Estimated useful lives	40 years
Furniture, fixtures and equipment [Member] \| Minimum [Member]
Summary of Significant Accounting Policies
Estimated useful lives	3 years
Furniture, fixtures and equipment [Member] \| Maximum [Member]
Summary of Significant Accounting Policies
Estimated useful lives	5 years

Investment in Hotel Properties - Investment in Hotel Properties (Details) - USD ($) $ in Thousands	Dec. 31, 2015	Dec. 31, 2014
Property, Plant and Equipment [Abstract]
Land and improvements	$ 736,709	$ 706,497
Buildings and improvements	3,205,704	3,005,390
Furniture, fixtures and equipment	571,118	498,126
Intangible assets	2,507	2,507
Total	4,516,038	4,212,520
Accumulated depreciation and amortization	(841,039)	(693,717)
Investment in hotel properties, net	$ 3,674,999	$ 3,518,803

Investment in Hotel Properties - Additional Information (Details) $ in Thousands	1 Months Ended	12 Months Ended
	Nov. 30, 2014 USD ($) hotel	Dec. 31, 2015 USD ($) hotel	Dec. 31, 2014 USD ($) hotel	Dec. 31, 2013 USD ($)
Property, Plant and Equipment [Abstract]
Depreciation and amortization expense related to investment in hotel and other properties, excluding discontinued operations		$ 155,800	$ 143,900	$ 126,800
Impairment loss		$ 1,003	$ 9,200	0
Number of impaired properties \| hotel		1	3
Number of properties held-for-sale \| hotel	20
Proceeds from sale of property	$ 230,300	$ 246,405	$ 132,669	$ 2,369

Acquisition of Hotel Properties - Acquired Properties (Details) $ in Thousands									12 Months Ended
	Sep. 25, 2015 USD ($) room	Jul. 20, 2015 USD ($) room	Jul. 15, 2015 USD ($) room	Sep. 11, 2014 USD ($) room condominium	Jul. 14, 2014 USD ($) room	Jun. 19, 2014 USD ($) room	May 22, 2014 USD ($) room	Mar. 12, 2014 USD ($) room	Dec. 31, 2015 USD ($) room	Dec. 31, 2014 USD ($) room	Dec. 31, 2013 USD ($)
Business Acquisition [Line Items]
Ownership interest in assets									100.00%
Rooms/Units \| room									20,900
Mortgage debt assumed	$ 33,400								$ 33,389	$ 0	$ 0
Fair value of debt assumed	$ 34,700
2015 Acquisitions [Member]
Business Acquisition [Line Items]
Ownership interest in assets									100.00%
Rooms/Units \| room									490
Purchase Price									$ 175,900
Hyatt Place Washington DC Downtown K Street [Member]
Business Acquisition [Line Items]
Rooms/Units \| room			164
Purchase Price			$ 68,000
Homewood Suites Seattle Lynnwood [Member]
Business Acquisition [Line Items]
Rooms/Units \| room		170
Purchase Price		$ 37,900
Residence Inn Palo Alto Los Altos [Member]
Business Acquisition [Line Items]
Rooms/Units \| room	156
Purchase Price	$ 70,000
2014 Acquisitions [Member]
Business Acquisition [Line Items]
Ownership interest in assets										100.00%
Rooms/Units \| room										2,749
Purchase Price										$ 631,950
Hyatt House Charlotte Center City [Member]
Business Acquisition [Line Items]
Rooms/Units \| room								163
Purchase Price								$ 32,496
Hyatt House Cypress Anaheim [Member]
Business Acquisition [Line Items]
Rooms/Units \| room								142
Purchase Price								$ 14,753
Hyatt House Emeryville San Francisco Bay Area [Member]
Business Acquisition [Line Items]
Rooms/Units \| room								234
Purchase Price								$ 39,274
Hyatt House San Diego Sorrento Mesa [Member]
Business Acquisition [Line Items]
Rooms/Units \| room								193
Purchase Price								$ 35,985
Hyatt House San Jose Silicon Valley [Member]
Business Acquisition [Line Items]
Rooms/Units \| room								164
Purchase Price								$ 44,159
Hyatt House San Ramon [Member]
Business Acquisition [Line Items]
Rooms/Units \| room								142
Purchase Price								$ 20,833
Hyatt House Santa Clara [Member]
Business Acquisition [Line Items]
Rooms/Units \| room								150
Purchase Price								$ 40,570
Hyatt Market Street The Woodlands [Member]
Business Acquisition [Line Items]
Rooms/Units \| room								70
Purchase Price								$ 25,817
Hyatt Place Fremont Silicon Valley [Member]
Business Acquisition [Line Items]
Rooms/Units \| room								151
Purchase Price								$ 23,525
Hyatt Place Madison Downtown [Member]
Business Acquisition [Line Items]
Rooms/Units \| room								151
Purchase Price								$ 35,088
Courtyard Portland City Center [Member]
Business Acquisition [Line Items]
Rooms/Units \| room							256
Purchase Price							$ 67,000
Embassy Suites Irvine Orange County [Member]
Business Acquisition [Line Items]
Rooms/Units \| room							293
Purchase Price							$ 53,000
Hilton Cabana Miami Beach [Member]
Business Acquisition [Line Items]
Rooms/Units \| room						231
Purchase Price						$ 71,700
Hyatt Atlanta Midtown [Member]
Business Acquisition [Line Items]
Rooms/Units \| room					194
Purchase Price					$ 49,500
DoubleTree Grand Key Resort [Member]
Business Acquisition [Line Items]
Rooms/Units \| room				215
Purchase Price				$ 78,250
DoubleTree Grand Key Resort [Member] \| Hotel, Condominium Units [Member]
Business Acquisition [Line Items]
Rooms/Units \| condominium				5
Purchase Price				$ 1,300

Acquisition of Hotel Properties - Allocation of Purchase Price for Properties Acquired (Details) - USD ($) $ in Thousands	Dec. 31, 2015	Dec. 31, 2014
Business Combinations [Abstract]
Land and improvements	$ 31,692	$ 164,396
Buildings and improvements	131,960	409,540
Furniture, fixtures and equipment	13,517	57,575
Intangible and other assets	0	439
Fair value adjustment on mortgage debt assumed	(1,269)	0
Total purchase price	$ 175,900	$ 631,950

Acquisition of Hotel Properties - Revenue and Net Income (Loss) From Properties Acquired (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
2015 Acquisitions [Member]
Business Acquisition [Line Items]
Total revenue	$ 10,053
Net income (loss)	$ (1,477)
2014 Acquisitions [Member]
Business Acquisition [Line Items]
Total revenue		$ 106,306
Net income (loss)		$ 18,773

Acquisition of Hotel Properties - Pro Forma Financial Information (Details) - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
Business Combinations [Abstract]
Total revenue	$ 1,149,453	$ 1,165,303
Net income attributable to common shareholders	$ 222,498	$ 146,755
Net income per share attributable to common shareholders - basic (in dollars per share)	$ 1.72	$ 1.14
Net income per share attributable to common shareholders - diluted (in dollars per share)	$ 1.71	$ 1.14
Weighted average number of shares outstanding - basic (in shares)	128,444,469	127,360,669
Weighted average number of shares outstanding - diluted (in shares)	128,967,754	128,293,843

Disposal of Hotel Properties - Properties Disposed (Details) $ in Thousands			12 Months Ended
	Aug. 28, 2013 USD ($) room	May 30, 2013 USD ($) room	Dec. 31, 2015 USD ($) hotel room	Dec. 31, 2014 USD ($) hotel room	Dec. 31, 2013 USD ($) hotel room	Oct. 14, 2015 room	Jul. 07, 2015 room	May 22, 2015 room	Feb. 23, 2015 room	Dec. 19, 2014 room	Dec. 18, 2014 room	Dec. 17, 2014 room	Dec. 16, 2014 room	Jun. 18, 2014 room	Mar. 26, 2014 room	Feb. 20, 2014 room	Nov. 18, 2013 room
Discontinued operations
Number of properties disposed \| hotel			23	18	3
Disposal of hotel properties \| $			$ 252,500	$ 137,829	$ 2,500
Gain on disposal \| $			28,398	353	0
Loss on defeasance \| $			0	804	0
Gain on extinguishment of indebtedness \| $			$ 0	$ 0	$ 5,708
2015 Disposals [Member]
Discontinued operations
Rooms			2,825
Courtyard Chicago Schaumburg [Member]
Discontinued operations
Rooms									162
Courtyard Detroit Pontiac Bloomfield [Member]
Discontinued operations
Rooms									110
Courtyard Grand Junction [Member]
Discontinued operations
Rooms									136
Courtyard Mesquite [Member]
Discontinued operations
Rooms									101
Courtyard San Antonio Airport Northstar [Member]
Discontinued operations
Rooms									78
Courtyard Tampa Brandon [Member]
Discontinued operations
Rooms									90
Fairfield Inn & Suites Merrillville [Member]
Discontinued operations
Rooms									112
Fairfield Inn & Suites San Antonio Airport [Member]
Discontinued operations
Rooms									120
Fairfield Inn & Suites Tampa Brandon [Member]
Discontinued operations
Rooms									107
Hampton Inn Merrillville [Member]
Discontinued operations
Rooms									64
Holiday Inn Grand Rapids Airport [Member]
Discontinued operations
Rooms									148
Homewood Suites Tampa Brandon [Member]
Discontinued operations
Rooms									126
Marriott Auburn Hills Pontiac at Centerpoint [Member]
Discontinued operations
Rooms									290
Residence Inn Austin Round Rock [Member]
Discontinued operations
Rooms									96
Residence Inn Chicago Schaumburg [Member]
Discontinued operations
Rooms									125
Residence Inn Detroit Pontiac Auburn Hills [Member]
Discontinued operations
Rooms									114
Residence Inn Grand Junction [Member]
Discontinued operations
Rooms									104
Residence Inn Indianapolis Carmel [Member]
Discontinued operations
Rooms									120
Springhill Suites Chicago Schaumburg [Member]
Discontinued operations
Rooms									132
Springhill Suites Indianapolis Carmel [Member]
Discontinued operations
Rooms									126
Fairfield Inn & Suites Valparaiso [Member]
Discontinued operations
Rooms								63
Residence Inn South Bend [Member]
Discontinued operations
Rooms							80
Embassy Suites Columbus [Member]
Discontinued operations
Rooms						221
Disposals 2014 [Member]
Discontinued operations
Rooms				2,194
Courtyard Denver Southwest Lakewood [Member]
Discontinued operations
Rooms																90
Residence Inn Denver Southwest Lakewood [Member]
Discontinued operations
Rooms																102
Hyatt House Colorado Springs [Member]
Discontinued operations
Rooms																125
SpringHill Suites Gainesville [Member]
Discontinued operations
Rooms																126
Residence Inn Indianapolis Airport [Member]
Discontinued operations
Rooms																95
Fairfield Inn & Suites Indianapolis Airport [Member]
Discontinued operations
Rooms																86
Courtyard Grand Rapids Airport [Member]
Discontinued operations
Rooms																84
Hampton Inn Suites Las Vegas Red Rock Summerlin [Member]
Discontinued operations
Rooms																106
Courtyard Austin University Area [Member]
Discontinued operations
Rooms																198
Fairfield Inn & Suites Austin University Area [Member]
Discontinued operations
Rooms																63
Hyatt House Dallas Richardson [Member]
Discontinued operations
Rooms																130
Hilton Garden Inn St George [Member]
Discontinued operations
Rooms																150
Hilton Mystic [Member]
Discontinued operations
Rooms															182
Holiday Inn Austin NW Arboretum Area [Member]
Discontinued operations
Rooms														194
Courtyard Benton Harbor [Member]
Discontinued operations
Rooms													98
Courtyard Valparaiso [Member]
Discontinued operations
Rooms												111
Courtyard Merrillville [Member]
Discontinued operations
Rooms											112
Courtyard Fort Wayne [Member]
Discontinued operations
Rooms										142
Disposals 2013 [Member]
Discontinued operations
Rooms					238
Spring Hill Suites Southfield [Member]
Discontinued operations
Rooms		84
Gain on extinguishment of indebtedness \| $		$ 2,400
Courtyard Goshen [Member]
Discontinued operations
Rooms	91
Gain on extinguishment of indebtedness \| $	$ 3,300
Fairfield Inn & Suites Memphis [Member]
Discontinued operations
Rooms																	63

Disposal of Hotel Properties - Operating Results of the Discontinued Operations (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Discontinued Operations and Disposal Groups [Abstract]
Operating revenue			$ 2,950
Operating expense			(2,930)
Operating income			20
Interest expense			(373)
Loss from discontinued operations before gain on sale			(353)
Gain on sale of property			2,081
Gain on extinguishment of indebtedness	$ 0	$ 0	5,708
Net income from discontinued operations	$ 0	$ 0	$ 7,436

- Definition

Amount after tax of income (loss) from a discontinued operation including the portion attributable to the noncontrolling interest. Includes, but is not limited to, the income (loss) from operations during the phase-out period, gain (loss) on disposal, gain (loss) for reversal of write-down (write-down) to fair value, less cost to sell, and adjustments to a prior period gain (loss) on disposal.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 944
-SubTopic 225
-Section S99
-Paragraph 1
-Subparagraph (SX 210.7-04.12)
-URI http://asc.fasb.org/extlink&oid=6879464&loc=d3e573970-122913

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 205
-SubTopic 20
-Section 50
-Paragraph 5C
-Subparagraph (b)(2)
-URI http://asc.fasb.org/extlink&oid=51717284&loc=SL51721675-107760

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 225
-SubTopic 10
-Section S99
-Paragraph 2
-Subparagraph (SX 210.5-03.14)
-URI http://asc.fasb.org/extlink&oid=26872669&loc=d3e20235-122688

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 205
-SubTopic 20
-Section 45
-Paragraph 4
-URI http://asc.fasb.org/extlink&oid=51716988&loc=d3e1012-107759

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 205
-SubTopic 20
-Section 45
-Paragraph 3B
-URI http://asc.fasb.org/extlink&oid=51716988&loc=SL51721525-107759

Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 205
-SubTopic 20
-Section 45
-Paragraph 3A
-URI http://asc.fasb.org/extlink&oid=51716988&loc=SL51721523-107759

Reference 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 205
-SubTopic 20
-Section 45
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=51716988&loc=d3e957-107759

Reference 8: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 205
-SubTopic 20
-Section 50
-Paragraph 1
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=51717284&loc=d3e1361-107760

Reference 9: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Regulation S-X (SX)
-Number 210
-Section 04
-Paragraph 13
-Article 7

Reference 10: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Regulation S-X (SX)
-Number 210
-Section 03
-Paragraph 15
-Article 5

+ Details

Debt - Credit Facilities (Details)	12 Months Ended
Debt - Credit Facilities (Details)	Dec. 31, 2015 USD ($) hotel instrument	Dec. 31, 2014 USD ($)
Debt Instrument [Line Items]
Outstanding Borrowings	$ 1,175,000,000	$ 1,025,000,000
Revolving Credit Facility and Term Loans [Member] \| Minimum [Member] \| London Interbank Offered Rate (LIBOR) [Member]
Debt Instrument [Line Items]
Spread over variable interest rate basis	1.55%
Revolving Credit Facility and Term Loans [Member] \| Maximum [Member] \| London Interbank Offered Rate (LIBOR) [Member]
Debt Instrument [Line Items]
Spread over variable interest rate basis	3.00%
Revolving Credit Facility [Member] \| Minimum [Member]
Debt Instrument [Line Items]
Unused facility fee percentage	0.25%
Revolving Credit Facility [Member] \| Maximum [Member]
Debt Instrument [Line Items]
Unused facility fee percentage	0.35%
Term Loans [Member] \| Minimum [Member]
Debt Instrument [Line Items]
Number of hotel properties required to remain unencumbered by outstanding indebtedness \| hotel	20
Standby Letters of Credit [Member]
Debt Instrument [Line Items]
Maximum borrowing capacity	$ 30,000,000.0
Number of standby letters of credit that may be issued, minimum \| instrument	1
Letter of credit fee percentage	0.125%
Swingline Loans [Member]
Debt Instrument [Line Items]
Maximum borrowing capacity	$ 40,000,000.0
The Revolver [Member] \| Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Maximum borrowing capacity	$ 300,000,000.0
Additional maturity term	1 year
Interest Rate	2.18%
Outstanding Borrowings	$ 0	0
Remaining borrowing capacity	300,000,000
The Revolver [Member] \| Term Loans [Member]
Debt Instrument [Line Items]
Maximum borrowing capacity	$ 400,000,000.0
2013 Five-Year Term Loan [Member] \| Term Loans [Member]
Debt Instrument [Line Items]
Term	5 years
Interest Rate	3.10%
Outstanding Borrowings	$ 400,000,000	400,000,000
2012 Five-Year Term Loan [Member] \| Term Loans [Member]
Debt Instrument [Line Items]
Maximum borrowing capacity	$ 400,000,000.0
Term	5 years
Interest Rate	2.72%
Outstanding Borrowings	$ 400,000,000	400,000,000
2012 Seven Year Term Loan [Member] \| Term Loans [Member]
Debt Instrument [Line Items]
Maximum borrowing capacity	$ 225,000,000.0
Term	7 years
Interest Rate	4.04%
Outstanding Borrowings	$ 225,000,000	225,000,000
2014 Seven-Year Term Loan [Member] \| Term Loans [Member]
Debt Instrument [Line Items]
Maximum borrowing capacity	$ 150,000,000.0
Term	7 years
Interest Rate	3.43%
Outstanding Borrowings	$ 150,000,000	$ 0

Debt - Mortgage Loans (Details) $ in Thousands	12 Months Ended
Debt - Mortgage Loans (Details) $ in Thousands	Dec. 31, 2015 USD ($) term hotel asset	Dec. 31, 2014 USD ($)
Debt Instrument [Line Items]
Principal balance	$ 407,755	$ 532,747
Fair value adjustment, net	1,200
Fair value adjustment, gross	1,300
Fair value adjustment, accumulated amortization	$ 100
Mortgage Loans [Member]
Debt Instrument [Line Items]
Number of Assets Encumbered \| asset	14
Principal balance	$ 407,755	532,747
Mortgage Loans [Member] \| PNC Bank [Member]
Debt Instrument [Line Items]
Number of Assets Encumbered \| asset	5
Interest Rate	2.78%
Principal balance	$ 74,000	74,000
Number of hotels encumbered by loans that are cross-collateralized \| hotel	5
Number of additional maturity terms \| term	1
Mortgage Loans [Member] \| Wells Fargo 1 [Member]
Debt Instrument [Line Items]
Number of Assets Encumbered \| asset	4
Interest Rate	4.19%
Principal balance	$ 149,250	150,000
Number of hotels encumbered by loans that are cross-collateralized \| hotel	2
Mortgage Loans [Member] \| Wells Fargo 2 [Member]
Debt Instrument [Line Items]
Number of Assets Encumbered \| asset	4
Interest Rate	3.99%
Principal balance	$ 150,000	143,000
Number of additional maturity terms \| term	4
Additional maturity term	1 year
Mortgage Loans [Member] \| Wells Fargo 3 [Member]
Debt Instrument [Line Items]
Number of Assets Encumbered \| asset	1
Interest Rate	5.25%
Principal balance	$ 34,505	0
Fair value adjustment, net	1,200
Fair value adjustment, gross	1,300
Fair value adjustment, accumulated amortization	100
Mortgage Loans [Member] \| Capmark Financial Group 1 [Member]
Debt Instrument [Line Items]
Principal balance	0	10,513
Mortgage Loans [Member] \| Capmark Financial Group 2 [Member]
Debt Instrument [Line Items]
Principal balance	0	4,561
Mortgage Loans [Member] \| Barclays Bank 1 [Member]
Debt Instrument [Line Items]
Principal balance	0	107,544
Mortgage Loans [Member] \| Barclays Bank 2 [Member]
Debt Instrument [Line Items]
Principal balance	0	26,775
Mortgage Loans [Member] \| Capmark Financial Group 3 [Member]
Debt Instrument [Line Items]
Principal balance	0	6,214
Mortgage Loans [Member] \| Barclays Bank 3 [Member]
Debt Instrument [Line Items]
Principal balance	$ 0	$ 10,140

Debt - Interest Expense (Details) - USD ($) $ in Thousands	12 Months Ended
Debt - Interest Expense (Details) - USD ($) $ in Thousands	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Debt Instrument [Line Items]
Loss on defeasance	$ 0	$ 804	$ 0
Amortization of deferred financing fees	4,164	4,298	4,484
Capitalized interest	(1,774)	(1,134)	0
Total interest expense	54,788	56,810	64,348
Mortgage Loans [Member]
Debt Instrument [Line Items]
Interest expense	16,500	23,282	44,290
Revolving Credit Facility and Term Loans [Member]
Debt Instrument [Line Items]
Interest expense	$ 35,898	$ 29,560	$ 15,574

Debt - Future Minimum Rental Payments (Details) $ in Thousands	Dec. 31, 2015 USD ($)
Debt Disclosure [Abstract]
2016	$ 223,855
2017	150,594
2018	400,626
2019	625,660
2020	691
Thereafter	180,123
Total debt	1,581,549
Fair value adjustment, net	1,200
Fair value adjustment, gross	1,300
Fair value adjustment, accumulated amortization	$ 100

Derivatives and Hedging (Details) - USD ($)	12 Months Ended
Derivatives and Hedging (Details) - USD ($)	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Financial Instruments: Derivatives and Hedging
Notional value	$ 1,792,251,000	$ 1,143,000,000
Interest rate swaps, net	(16,602,000)	(13,644,000)
Unrealized gains (losses) included in accumulated other comprehensive loss	(16,600,000)	(13,600,000)
Amount of hedge ineffectiveness	0	0
Interest expense reclassified	54,788,000	56,810,000	$ 64,348,000
Amount expected to be reclassified to interest expense in next twelve months	(14,000,000)
Interest Rate Contract [Member]
Financial Instruments: Derivatives and Hedging
Interest rate swap liabilities, fair value	17,100,000	13,600,000
Interest rate swap assets, fair value	500,000
Swap-cash flow 1 [Member]
Financial Instruments: Derivatives and Hedging
Notional value	$ 275,000,000	275,000,000
Hedge interest rate	1.12%
Interest rate swaps, fair value, liabilities	$ (1,014,000)	(232,000)
Swap-cash flow 2 [Member]
Financial Instruments: Derivatives and Hedging
Notional value	$ 175,000,000	175,000,000
Hedge interest rate	1.56%
Interest rate swaps, fair value, liabilities	$ (2,190,000)	(2,182,000)
Swap-cash flow 3 [Member]
Financial Instruments: Derivatives and Hedging
Notional value	$ 175,000,000	175,000,000
Hedge interest rate	1.64%
Interest rate swaps, fair value, liabilities	$ (2,478,000)	(2,596,000)
Swap-cash flow 4 [Member]
Financial Instruments: Derivatives and Hedging
Notional value	$ 16,418,000	16,500,000
Hedge interest rate	1.83%
Interest rate swaps, fair value, liabilities	$ (312,000)	(315,000)
Swap-cash flow 5 [Member]
Financial Instruments: Derivatives and Hedging
Notional value	$ 16,418,000	16,500,000
Hedge interest rate	1.75%
Interest rate swaps, fair value, liabilities	$ (279,000)	(270,000)
Swap-cash flow 6 [Member]
Financial Instruments: Derivatives and Hedging
Notional value	$ 40,298,000	40,500,000
Hedge interest rate	1.83%
Interest rate swaps, fair value, liabilities	$ (765,000)	(772,000)
Swap-cash flow 7 [Member]
Financial Instruments: Derivatives and Hedging
Notional value	$ 41,292,000	41,500,000
Hedge interest rate	1.75%
Interest rate swaps, fair value, liabilities	$ (701,000)	(678,000)
Swap-cash flow 8 [Member]
Financial Instruments: Derivatives and Hedging
Notional value	$ 17,910,000	18,000,000
Hedge interest rate	1.83%
Interest rate swaps, fair value, liabilities	$ (340,000)	(343,000)
Swap-cash flow 9 [Member]
Financial Instruments: Derivatives and Hedging
Notional value	$ 16,915,000	17,000,000
Hedge interest rate	1.75%
Interest rate swaps, fair value, liabilities	$ (287,000)	(278,000)
Swap-cash flow 10 [Member]
Financial Instruments: Derivatives and Hedging
Notional value	$ 125,000,000	125,000,000
Hedge interest rate	2.02%
Interest rate swaps, fair value, liabilities	$ (3,186,000)	(3,073,000)
Swap-cash flow 11 [Member]
Financial Instruments: Derivatives and Hedging
Notional value	$ 100,000,000	100,000,000
Hedge interest rate	1.94%
Interest rate swaps, fair value, liabilities	$ (2,308,000)	(2,145,000)
Swap-cash flow 12 [Member]
Financial Instruments: Derivatives and Hedging
Notional value	$ 125,000,000	0
Hedge interest rate	1.27%
Interest rate swaps, fair value, liabilities	$ (115,000)	0
Swap-cash flow 13 [Member]
Financial Instruments: Derivatives and Hedging
Notional value	$ 100,000,000	0
Hedge interest rate	1.96%
Interest rate swaps, fair value, liabilities	$ (321,000)	0
Swap-cash flow 14 [Member]
Financial Instruments: Derivatives and Hedging
Notional value	$ 50,000,000	0
Hedge interest rate	1.85%
Interest rate swaps, fair value, liabilities	$ (87,000)	0
Swap-cash flow 15 [Member]
Financial Instruments: Derivatives and Hedging
Notional value	$ 50,000,000	0
Hedge interest rate	1.81%
Interest rate swaps, fair value, liabilities	$ (62,000)	0
Swap-cash flow 16 [Member]
Financial Instruments: Derivatives and Hedging
Notional value	$ 25,000,000	0
Hedge interest rate	1.74%
Interest rate swaps, fair value, liabilities	$ (9,000)	0
Swap-cash flow 17 [Member]
Financial Instruments: Derivatives and Hedging
Notional value	$ 33,000,000	0
Hedge interest rate	1.80%
Interest rate swaps, fair value, assets	$ 98,000	0
Swap-cash flow 18 [Member]
Financial Instruments: Derivatives and Hedging
Notional value	$ 82,000,000	0
Hedge interest rate	1.80%
Interest rate swaps, fair value, assets	$ 245,000	0
Swap-cash flow 19 [Member]
Financial Instruments: Derivatives and Hedging
Notional value	$ 35,000,000	0
Hedge interest rate	1.80%
Interest rate swaps, fair value, assets	$ 104,000	0
Swap-cash flow 20 [Member]
Financial Instruments: Derivatives and Hedging
Notional value	$ 143,000,000	143,000,000
Hedge interest rate	1.81%
Interest rate swaps, fair value, liabilities	$ (2,196,000)	(760,000)
Swap-cash flow 21 [Member]
Financial Instruments: Derivatives and Hedging
Notional value	$ 50,000,000	0
Hedge interest rate	1.61%
Interest rate swaps, fair value, liabilities	$ (97,000)	0
Swap-cash flow 22 [Member]
Financial Instruments: Derivatives and Hedging
Notional value	$ 50,000,000	0
Hedge interest rate	1.56%
Interest rate swaps, fair value, assets	$ 59,000	0
Swap-cash flow 23 [Member]
Financial Instruments: Derivatives and Hedging
Notional value	$ 50,000,000	0
Hedge interest rate	1.71%
Interest rate swaps, fair value, liabilities	$ (361,000)	0
Reclassification out of Accumulated Other Comprehensive Income [Member] \| Accumulated Net Gain (Loss) from Designated or Qualifying Cash Flow Hedges [Member]
Financial Instruments: Derivatives and Hedging
Interest expense reclassified	$ 18,200,000	$ 12,400,000

Fair Value (Details) - USD ($) $ in Thousands	Dec. 31, 2015	Dec. 31, 2014
Fair Value
Total	$ (16,602)	$ (13,644)
Level 3 [Member]
Fair Value
Fixed rate mortgage notes payable	34,700	171,100
Carrying value of fixed rate mortgage notes payable	34,500	165,700
Recurring [Member] \| Interest rate swap [Member]
Fair Value
Interest rate swap asset	506
Interest rate swap liability	(17,108)	(13,644)
Total	(16,602)	(13,644)
Recurring [Member] \| Level 1 [Member] \| Interest rate swap [Member]
Fair Value
Interest rate swap asset	0
Interest rate swap liability	0	0
Total	0	0
Recurring [Member] \| Level 2 [Member] \| Interest rate swap [Member]
Fair Value
Interest rate swap asset	506
Interest rate swap liability	(17,108)	(13,644)
Total	(16,602)	(13,644)
Recurring [Member] \| Level 3 [Member] \| Interest rate swap [Member]
Fair Value
Interest rate swap asset	0
Interest rate swap liability	0	0
Total	$ 0	$ 0

Commitments and Contingencies - Additional Information (Details)	3 Months Ended		12 Months Ended
	Mar. 31, 2015 property	Mar. 31, 2014 property	Dec. 31, 2015 USD ($) term hotel	Dec. 31, 2014 USD ($)	Dec. 31, 2013 USD ($)
Ground Leases
Number of properties subject to ground lease \| hotel			9
Rent incurred			$ 5,500,000	$ 5,300,000	$ 3,700,000
Cash required for reserve, as a percentage of hotel revenue, minimum			3.00%
Cash required for reserve, as a percentage of hotel revenue, maximum			5.00%
Restricted cash reserves			$ 55,455,000	63,054,000
Data breach period	7 months	9 months
Data breach, number of properties impacted \| property	6	7
Residence Inn Chicago Oak Brook [Member]
Ground Leases
Period of additional terms for which lease may be extended			99 years
Louisville Marriott Downtown [Member]
Ground Leases
Period of additional terms for which lease may be extended			25 years
Maximum number of additional terms for which lease may be extended \| term			4
Courtyard Austin Downtown/Convention Center and Residence Inn Austin Downtown/Convention Center [Member]
Ground Leases
Contingent rent			$ 1,000,000	800,000	800,000
Hilton Garden Inn Bloomington [Member]
Ground Leases
Period of additional terms for which lease may be extended			10 years
Maximum number of additional terms for which lease may be extended \| term			5
Courtyard Charleston Historic District [Member]
Ground Leases
Contingent rent			$ 1,000,000	1,000,000	1,000,000
Courtyard Waikiki Beach [Member]
Ground Leases
Rent incurred			$ 3,400,000	3,400,000	1,800,000
Residence Inn Palo Alto Los Altos [Member]
Ground Leases
Rent incurred				$ 0	$ 0

Commitments and Contingencies - Future Minimum Ground Lease Payments (Details) $ in Thousands	Dec. 31, 2015 USD ($)
Minimum ground rent
2016	$ 4,708
2017	4,711
2018	4,713
2019	4,716
2020	4,718
Thereafter	420,588
Total	$ 444,154

Commitments and Contingencies - Management and Franchise Agreements (Details) $ in Millions	12 Months Ended
	Dec. 31, 2015 USD ($) hotel agreement	Dec. 31, 2014 USD ($)	Dec. 31, 2013 USD ($)
Operating Leased Assets [Line Items]
Number of hotel properties operated pursuant to long-term management agreements	126
Number of management companies \| agreement	15
Management agreement with franchise fee, base management fee percentage	7.00%
Management fee expense \| $	$ 44.1	$ 43.2	$ 35.0
Number of hotel properties operated under franchise agreements	111
Franchise fee expense, excluding discontinued operations \| $	$ 72.3	$ 71.6	$ 64.2
Minimum [Member]
Operating Leased Assets [Line Items]
Management agreement term	3 years
Base management fee percentage	3.00%
Term of franchise agreements	10 years
Royalty fee as a percentage of room revenue	4.00%
Additional fees for marketing, central reservation systems and other franchisor costs as a percentage of room revenue	1.00%
Royalty fee as a percentage of food and beverage revenues	1.00%
Maximum [Member]
Operating Leased Assets [Line Items]
Management agreement term	25 years
Base management fee percentage	3.50%
Term of franchise agreements	30 years
Royalty fee as a percentage of room revenue	6.00%
Additional fees for marketing, central reservation systems and other franchisor costs as a percentage of room revenue	4.30%
Royalty fee as a percentage of food and beverage revenues	3.00%
Aimbridge Hospitality [Member]
Operating Leased Assets [Line Items]
Number of hotel properties operated pursuant to long-term management agreements	3
Concord Hospitality Enterprises Company [Member]
Operating Leased Assets [Line Items]
Number of hotel properties operated pursuant to long-term management agreements	1
Crestline Hotels and Resorts [Member]
Operating Leased Assets [Line Items]
Number of hotel properties operated pursuant to long-term management agreements	1
Davidson Hotels & Resorts [Member]
Operating Leased Assets [Line Items]
Number of hotel properties operated pursuant to long-term management agreements	1
Embassy Suites Management [Member]
Operating Leased Assets [Line Items]
Number of hotel properties operated pursuant to long-term management agreements	3
HEI Hotels & Resorts [Member]
Operating Leased Assets [Line Items]
Number of hotel properties operated pursuant to long-term management agreements	1
Highgate Hotels [Member]
Operating Leased Assets [Line Items]
Number of hotel properties operated pursuant to long-term management agreements	6
Hyatt Corporation and affiliates [Member]
Operating Leased Assets [Line Items]
Number of hotel properties operated pursuant to long-term management agreements	10
Interstate Hotels and Resorts [Member]
Operating Leased Assets [Line Items]
Number of hotel properties operated pursuant to long-term management agreements	11
Inn Ventures [Member]
Operating Leased Assets [Line Items]
Number of hotel properties operated pursuant to long-term management agreements	3
K Partners Hospitality Group [Member]
Operating Leased Assets [Line Items]
Number of hotel properties operated pursuant to long-term management agreements	1
Marriott Hotel Services [Member]
Operating Leased Assets [Line Items]
Number of hotel properties operated pursuant to long-term management agreements	5
Sage Hospitality [Member]
Operating Leased Assets [Line Items]
Number of hotel properties operated pursuant to long-term management agreements	4
Urgo Hotels [Member]
Operating Leased Assets [Line Items]
Number of hotel properties operated pursuant to long-term management agreements	4
WLS [Member]
Operating Leased Assets [Line Items]
Number of hotel properties operated pursuant to long-term management agreements	72

Equity (Details)			1 Months Ended	8 Months Ended	12 Months Ended
Equity (Details)	May 22, 2014 USD ($) $ / shares shares	Mar. 25, 2013 USD ($) $ / shares shares	Jan. 31, 2011 shareholder $ / shares shares	Dec. 31, 2015 USD ($) shares	Dec. 31, 2015 USD ($) shares	Dec. 31, 2014 USD ($) shares	Dec. 31, 2013 USD ($)	Oct. 30, 2015 USD ($)	May 01, 2015 USD ($)	May 05, 2011 shares
Equity
Common shares of beneficial interest, authorized (in shares)			100,000	450,000,000	450,000,000	450,000,000				450,000,000
Number of shareholders \| shareholder			2
Number of common shares of beneficial interest received by partners	9,200,000	15,870,000	500
Price per share of common stock received by partners (in dollars per share) \| $ / shares	$ 26.45	$ 21.60	$ 1
Gross proceeds from issuance of common shares of beneficial interest received by partners \| $	$ 243,300,000	$ 342,800,000				$ 232,712,000	$ 327,547,000
Proceeds from issuance of common shares \| $	$ 232,700,000	$ 327,500,000			$ 0	$ 232,712,000	$ 327,547,000
Share repurchase program, authorized amount \| $								$ 400,000,000.0	$ 200,000,000.0
Shares acquired as part of a share repurchase program (in shares)				8,044,372
Shares acquired as part of a share repurchase program \| $				$ 225,200,000	$ 225,186,000
Share repurchase program, increase in authorized amount \| $								$ 200,000,000.0
Preferred shares of beneficial interest, authorized (in shares)			10,000	50,000,000	50,000,000	50,000,000				50,000,000
Preferred shares of beneficial interest, outstanding (in shares)				0	0	0
DBT Met Hotel Venture, LP [Member]
Equity
Noncontrolling ownership interest of third party				1.70%	1.70%
RLJ Lodging Trust LP [Member]
Equity
Number of units outstanding (in shares)				125,529,675	125,529,675
Ownership interest in operating partnerships					99.30%
Ownership interest in OP units through a combination of direct and indirect interests					0.70%

Equity Incentive Plan - Additional Information (Details) - USD ($) $ in Thousands		1 Months Ended		12 Months Ended
	May 01, 2015	Jul. 31, 2015	Jul. 31, 2012	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of additional shares authorized (in shares)	2,500,000
Number of shares authorized (in shares)				7,500,000
Share-based compensation expense				$ 132	$ 127	$ 124
Restricted share awards [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based compensation expense				9,600	10,600	8,600
Total unrecognized compensation costs				$ 13,500
Weighted-average period of recognition of unrecognized share-based compensation expense				2 years 4 months 24 days
Total fair value of shares vested				$ 14,000	$ 15,500	$ 10,500
Unvested restricted shares				540,885	731,459	932,800	1,013,673
Performance Units [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based compensation expense				$ 3,400	$ 4,500	$ 4,500
Total unrecognized compensation costs				$ 1,100
Vesting period			4 years
Performance-based vesting period			3 years
Time-based vesting period			1 year
Restricted shares issued upon conversion of performance units (in shares)		838,934
Unvested restricted shares				419,467
Common shares available for future grant (in share)				4,122,417

Equity Incentive Plan - Unvested Shares (Details) - $ / shares	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Summary of non-vested shares/units
Granted (in shares)	5,008	4,347	5,357
Weighted Average Grant Date Fair Value
Granted (in dollars per share)	$ 26.43	$ 29.31	$ 23.20
Restricted share awards [Member]
Summary of non-vested shares/units
Unvested at the beginning of the period (in shares)	731,459	932,800	1,013,673
Granted (in shares)	292,505	348,234	383,187
Vested (in shares)	(470,703)	(537,988)	(458,808)
Forfeited (in shares)	(12,376)	(11,587)	(5,252)
Unvested at the end of the period (in shares)	540,885	731,459	932,800
Weighted Average Grant Date Fair Value
Unvested at the beginning of the period (in dollars per share)	$ 21.21	$ 18.99	$ 17.80
Granted (in dollars per share)	32.10	24.46	21.25
Vested (in dollars per share)	21.52	19.44	18.24
Forfeited (in dollars per share)	25.65	22.89	20.07
Unvested at the end of the period (in dollars per share)	$ 26.73	$ 21.21	$ 18.99

Earnings per Common Share (Details) - USD ($)	3 Months Ended								12 Months Ended
Earnings per Common Share (Details) - USD ($)	Dec. 31, 2015	Sep. 30, 2015	Jun. 30, 2015	Mar. 31, 2015	Dec. 31, 2014	Sep. 30, 2014	Jun. 30, 2014	Mar. 31, 2014	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Earnings Per Share [Abstract]
Undistributed earnings allocable to participating shares									$ 400,000	$ 0	$ 100,000
Numerator:
Income from continuing operations attributable to common shareholders, including gain on disposal of hotel properties									218,221,000	135,441,000	105,539,000
Add: Income from discontinued operations									0	0	7,382,000
Net income attributable to common shareholders	$ 73,786,000	$ 40,594,000	$ 55,991,000	$ 47,850,000	$ 33,845,000	$ 36,760,000	$ 52,904,000	$ 11,932,000	218,221,000	135,441,000	112,921,000
Less: Dividends paid on unvested restricted shares									(1,180,000)	(951,000)	(936,000)
Less: Undistributed earnings attributable to unvested restricted shares									(378,000)	0	(61,000)
Net income attributable to common shareholders excluding amounts attributable to unvested restricted shares									$ 216,663,000	$ 134,490,000	$ 111,924,000
Denominator:
Weighted-average number of common shares - basic (in shares)	124,256,834	127,663,480	130,670,629	131,272,611	131,189,673	131,106,440	125,260,607	121,740,962	128,444,469	127,360,669	117,950,066
Unvested restricted shares (in shares)									523,285	316,020	251,217
Unvested performance units (in shares)									0	617,154	537,343
Weighted-average number of common shares - diluted (in shares)	124,679,650	128,143,154	131,618,693	132,286,542	132,186,832	132,386,843	126,475,051	122,867,755	128,967,754	128,293,843	118,738,626
Basic per common share data:
Net income per share attributable to common shareholders before discontinued operations - basic (in dollars per share)									$ 1.69	$ 1.06	$ 0.89
Discontinued operations (in dollars per share)									0.00	0.00	0.06
Net income per share attributable to common shareholders (in dollars per share)	$ 0.58	$ 0.32	$ 0.43	$ 0.36	$ 0.26	$ 0.28	$ 0.42	$ 0.10	1.69	1.06	0.95
Diluted per common share data:
Net income (loss) per share attributable to common shareholders before discontinued operations - diluted (in dollars per share)									1.68	1.05	0.88
Discontinued operations (in dollars per share)									0.00	0.00	0.06
Net income per share attributable to common shareholders (in dollars per share)	$ 0.59	$ 0.31	$ 0.42	$ 0.36	$ 0.25	$ 0.28	$ 0.42	$ 0.10	$ 1.68	$ 1.05	$ 0.94

Income Taxes - Cash Distributions and Income Tax Expense (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Current:
Federal	$ (287)	$ (244)	$ (323)
State	(1,145)	(1,543)	(1,439)
Deferred:
Federal	36,359	572	830
State	4,199	70	53
Income tax benefit (expense)	39,126	(1,145)	(879)
Differences between provision for income taxes from the amount of income tax determined by applying the applicable U.S. statutory federal income tax rate to pretax income from continuing operations
Expected federal tax expense at statutory rate	(63,240)	(47,906)	(40,271)
Tax impact of REIT election	62,391	45,842	37,230
Expected tax expense at TRS	(849)	(2,064)	(3,041)
Change in valuation allowance	41,147	2,203	3,612
State income tax expense, net of federal	(1,111)	(1,273)	(1,345)
Impact of rate change	46	42	(94)
Other permanent items	(416)	(418)	(443)
Impact of acquired tax attributes	0	(5)	361
Impact of provision to return	309	370	71
Income tax benefit (expense)	$ 39,126	$ (1,145)	$ (879)
Common distributions [Member]
Income Taxes
Ordinary income	100.00%	100.00%
Return of capital	0.00%	0.00%
Capital gains	0.00%	0.00%
Total	100.00%	100.00%

Income Taxes - Deferred Tax Assets and Liabilities (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Deferred tax liabilities:
Property and equipment	$ (7,660)	$ (5,354)
Prepaid expenses	(1,780)	(2,362)
Other - deferred tax liabilities	(361)	(163)
Deferred tax liabilities	(9,801)	(7,879)
Deferred tax assets:
Property and equipment	793	0
Deferred revenue - key money	2,668	1,429
Incentive and vacation accrual	1,769	2,627
Allowance for doubtful accounts	46	65
Other - deferred tax assets	689	191
Other carryforwards	204	158
Net operating loss carryforwards	53,985	54,355
Valuation allowance	(10,176)	(51,323)
Deferred tax assets	49,978	7,502
Net current and non-current components of deferred income taxes
Current net deferred tax assets	2,461	616
Current net deferred tax liabilities	(2,141)	(2,524)
Non-current net deferred tax assets	47,517	6,886
Non-current net deferred tax liabilities	(7,660)	(5,355)
Net deferred tax asset	40,177
Net deferred tax liability		(377)
Deferred tax benefit	40,554	$ 642	$ 839
Taxable REIT Subsidiaries [Member]
Net current and non-current components of deferred income taxes
Deferred tax benefit	$ 39,900

Supplemental Information to Statements of Cash Flows (Details) - USD ($) $ in Thousands		1 Months Ended	12 Months Ended
	Sep. 25, 2015	Nov. 30, 2014	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Supplemental Cash Flow Elements [Abstract]
Interest paid, net of capitalized interest			$ 48,524	$ 52,424	$ 59,826
Income taxes paid			1,012	2,111	1,420
In conjunction with the acquisitions, the Company recorded the following:
Purchase of real estate			177,169	631,950	228,573
Restricted cash reserves			1,548	0	0
Accounts receivable			179	807	740
Other assets			120	1,671	957
Mortgage debt assumed	$ (33,400)		(33,389)	0	0
Fair value adjustment on mortgage debt assumed			(1,269)	0	0
Advance deposits			(46)	(659)	(313)
Accounts payable and other liabilities			(543)	(2,129)	(12,168)
Receipt of assets in full satisfaction			0	0	(4,731)
Gain on foreclosure			0	0	(4,863)
Acquisition of hotel properties			143,769	631,640	208,195
In conjunction with the dispositions, the Company recorded the following:
Disposal of hotel properties			252,500	137,829	2,500
Disposition costs			(9,055)	(3,634)	(140)
Operating prorations			2,960	(1,526)	9
Proceeds from the disposal of hotel properties, net		$ 230,300	246,405	132,669	2,369
Supplemental non-cash transactions:
Change in fair market value of designated interest rate swaps			(2,958)	(7,703)	(5,941)
Accrued capital expenditures			11,383	9,641	10,610
Distributions payable			$ 41,409	$ 42,114	$ 30,870

Subsequent Events (Details) - Subsequent Event [Member] - Holiday Inn Express Merrillville [Member] $ in Millions	Feb. 22, 2016 USD ($) room
Subsequent Event [Line Items]
Number of rooms in hotel sold \| room	62
Proceeds from sale \| $	$ 2.9

Quarterly Operating Results (unaudited) (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2015	Sep. 30, 2015	Jun. 30, 2015	Mar. 31, 2015	Dec. 31, 2014	Sep. 30, 2014	Jun. 30, 2014	Mar. 31, 2014	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Quarterly Financial Information Disclosure [Abstract]
Total revenue	$ 275,263	$ 289,420	$ 301,252	$ 270,405	$ 280,111	$ 297,666	$ 295,047	$ 236,373	$ 1,136,340	$ 1,109,197	$ 970,380
Net income	74,367	40,933	56,410	48,102	34,070	37,064	53,361	11,985	191,414	136,127	106,743
Net income attributable to common shareholders	73,786	40,594	55,991	47,850	33,845	36,760	52,904	11,932	218,221	135,441	112,921
Comprehensive income	$ 89,478	$ 25,428	$ 61,910	$ 38,447	$ 28,849	$ 42,327	$ 45,991	$ 10,571	$ 215,263	$ 127,738	$ 106,980
Basic per share data:
Income from continuing operations, including gain on disposal of hotel properties (in dollars per share)									$ 1.69	$ 1.06	$ 0.89
Net income per share attributable to common shareholders (in dollars per share)	$ 0.58	$ 0.32	$ 0.43	$ 0.36	$ 0.26	$ 0.28	$ 0.42	$ 0.10	1.69	1.06	0.95
Diluted per share data:
Income from continuing operations, including gain on disposal of hotel properties (in dollars per share)									1.68	1.05	0.88
Net income per share attributable to common shareholders (in dollars per share)	$ 0.59	$ 0.31	$ 0.42	$ 0.36	$ 0.25	$ 0.28	$ 0.42	$ 0.10	$ 1.68	$ 1.05	$ 0.94
Basic weighted average common shares outstanding (in shares)	124,256,834	127,663,480	130,670,629	131,272,611	131,189,673	131,106,440	125,260,607	121,740,962	128,444,469	127,360,669	117,950,066
Diluted weighted average common shares outstanding (in shares)	124,679,650	128,143,154	131,618,693	132,286,542	132,186,832	132,386,843	126,475,051	122,867,755	128,967,754	128,293,843	118,738,626

Schedule III - Real Estate and Accumulated Depreciation (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Real Estate and Accumulated Depreciation
Debt	$ 407,755
Initial Costs
Land & Improvements	733,145
Building & Improvements	2,915,444
Costs Capitalized Subsequent to Acquisition
Land, Building & Improvements	293,824
Gross Amount
Land & Improvements	736,709
Buildings & Improvements	3,205,704
Total	3,942,413	$ 3,711,887	$ 3,461,251	$ 3,218,610
Accumulated Depreciation	464,691	$ 382,266	$ 367,306	$ 295,397
Aggregate cost of real estate for federal income tax purposes	3,600,000
Marriott Austin South [Member]
Real Estate and Accumulated Depreciation
Debt	0
Initial Costs
Land & Improvements	2,253
Building & Improvements	16,522
Costs Capitalized Subsequent to Acquisition
Land, Building & Improvements	1,454
Gross Amount
Land & Improvements	2,253
Buildings & Improvements	17,976
Total	20,229
Accumulated Depreciation	$ 4,209
Marriott Austin South [Member] \| Minimum [Member]
Gross Amount
Depreciation Life	15 years
Marriott Austin South [Member] \| Maximum [Member]
Gross Amount
Depreciation Life	40 years
Marriott Denver South @ Park Meadow [Member]
Real Estate and Accumulated Depreciation
Debt	$ 0
Initial Costs
Land & Improvements	5,385
Building & Improvements	39,488
Costs Capitalized Subsequent to Acquisition
Land, Building & Improvements	3,047
Gross Amount
Land & Improvements	5,385
Buildings & Improvements	42,535
Total	47,920
Accumulated Depreciation	$ 9,849
Marriott Denver South @ Park Meadow [Member] \| Minimum [Member]
Gross Amount
Depreciation Life	15 years
Marriott Denver South @ Park Meadow [Member] \| Maximum [Member]
Gross Amount
Depreciation Life	40 years
Marriott Louisville Downtown [Member]
Real Estate and Accumulated Depreciation
Debt	$ 80,000
Initial Costs
Land & Improvements	0
Building & Improvements	89,541
Costs Capitalized Subsequent to Acquisition
Land, Building & Improvements	3,656
Gross Amount
Land & Improvements	0
Buildings & Improvements	93,197
Total	93,197
Accumulated Depreciation	$ 21,761
Marriott Louisville Downtown [Member] \| Minimum [Member]
Gross Amount
Depreciation Life	15 years
Marriott Louisville Downtown [Member] \| Maximum [Member]
Gross Amount
Depreciation Life	40 years
Marriott Chicago Midway [Member]
Real Estate and Accumulated Depreciation
Debt	$ 0
Initial Costs
Land & Improvements	4,464
Building & Improvements	32,736
Costs Capitalized Subsequent to Acquisition
Land, Building & Improvements	1,914
Gross Amount
Land & Improvements	4,474
Buildings & Improvements	34,640
Total	39,114
Accumulated Depreciation	$ 8,225
Marriott Chicago Midway [Member] \| Minimum [Member]
Gross Amount
Depreciation Life	15 years
Marriott Chicago Midway [Member] \| Maximum [Member]
Gross Amount
Depreciation Life	40 years
Renaissance Boulder Flatiron Hotel [Member]
Real Estate and Accumulated Depreciation
Debt	$ 0
Initial Costs
Land & Improvements	4,440
Building & Improvements	32,557
Costs Capitalized Subsequent to Acquisition
Land, Building & Improvements	2,052
Gross Amount
Land & Improvements	4,586
Buildings & Improvements	34,463
Total	39,049
Accumulated Depreciation	$ 8,007
Renaissance Boulder Flatiron Hotel [Member] \| Minimum [Member]
Gross Amount
Depreciation Life	15 years
Renaissance Boulder Flatiron Hotel [Member] \| Maximum [Member]
Gross Amount
Depreciation Life	40 years
Renaissance Fort Lauderdale Plantation Hotel [Member]
Real Estate and Accumulated Depreciation
Debt	$ 0
Initial Costs
Land & Improvements	4,842
Building & Improvements	35,517
Costs Capitalized Subsequent to Acquisition
Land, Building & Improvements	1,863
Gross Amount
Land & Improvements	4,842
Buildings & Improvements	37,380
Total	42,222
Accumulated Depreciation	$ 8,719
Renaissance Fort Lauderdale Plantation Hotel [Member] \| Minimum [Member]
Gross Amount
Depreciation Life	15 years
Renaissance Fort Lauderdale Plantation Hotel [Member] \| Maximum [Member]
Gross Amount
Depreciation Life	40 years
Courtyard Austin Northwest Arboretum [Member]
Real Estate and Accumulated Depreciation
Debt	$ 0
Initial Costs
Land & Improvements	1,443
Building & Improvements	10,585
Costs Capitalized Subsequent to Acquisition
Land, Building & Improvements	2,900
Gross Amount
Land & Improvements	1,446
Buildings & Improvements	13,482
Total	14,928
Accumulated Depreciation	$ 2,837
Courtyard Austin Northwest Arboretum [Member] \| Minimum [Member]
Gross Amount
Depreciation Life	15 years
Courtyard Austin Northwest Arboretum [Member] \| Maximum [Member]
Gross Amount
Depreciation Life	40 years
Courtyard Austin South [Member]
Real Estate and Accumulated Depreciation
Debt	$ 0
Initial Costs
Land & Improvements	1,530
Building & Improvements	11,222
Costs Capitalized Subsequent to Acquisition
Land, Building & Improvements	1,348
Gross Amount
Land & Improvements	1,533
Buildings & Improvements	12,567
Total	14,100
Accumulated Depreciation	$ 2,957
Courtyard Austin South [Member] \| Minimum [Member]
Gross Amount
Depreciation Life	15 years
Courtyard Austin South [Member] \| Maximum [Member]
Gross Amount
Depreciation Life	40 years
Courtyard Chicago Downtown Magnificent Mile [Member]
Real Estate and Accumulated Depreciation
Debt	$ 0
Initial Costs
Land & Improvements	8,140
Building & Improvements	59,696
Costs Capitalized Subsequent to Acquisition
Land, Building & Improvements	2,628
Gross Amount
Land & Improvements	8,140
Buildings & Improvements	62,324
Total	70,464
Accumulated Depreciation	$ 14,552
Courtyard Chicago Downtown Magnificent Mile [Member] \| Minimum [Member]
Gross Amount
Depreciation Life	15 years
Courtyard Chicago Downtown Magnificent Mile [Member] \| Maximum [Member]
Gross Amount
Depreciation Life	40 years
Courtyard Denver West Golden [Member]
Real Estate and Accumulated Depreciation
Debt	$ 0
Initial Costs
Land & Improvements	1,325
Building & Improvements	9,716
Costs Capitalized Subsequent to Acquisition
Land, Building & Improvements	1,294
Gross Amount
Land & Improvements	1,325
Buildings & Improvements	11,010
Total	12,335
Accumulated Depreciation	$ 2,537
Courtyard Denver West Golden [Member] \| Minimum [Member]
Gross Amount
Depreciation Life	15 years
Courtyard Denver West Golden [Member] \| Maximum [Member]
Gross Amount
Depreciation Life	40 years
Courtyard Chicago Southeast Hammond [Member]
Real Estate and Accumulated Depreciation
Debt	$ 0
Initial Costs
Land & Improvements	1,038
Building & Improvements	7,616
Costs Capitalized Subsequent to Acquisition
Land, Building & Improvements	1,269
Gross Amount
Land & Improvements	1,042
Buildings & Improvements	8,881
Total	9,923
Accumulated Depreciation	$ 2,084
Courtyard Chicago Southeast Hammond [Member] \| Minimum [Member]
Gross Amount
Depreciation Life	15 years
Courtyard Chicago Southeast Hammond [Member] \| Maximum [Member]
Gross Amount
Depreciation Life	40 years
Courtyard Indianapolis @ The Capitol [Member]
Real Estate and Accumulated Depreciation
Debt	$ 0
Initial Costs
Land & Improvements	2,482
Building & Improvements	18,207
Costs Capitalized Subsequent to Acquisition
Land, Building & Improvements	1,240
Gross Amount
Land & Improvements	2,482
Buildings & Improvements	19,447
Total	21,929
Accumulated Depreciation	$ 4,506
Courtyard Indianapolis @ The Capitol [Member] \| Minimum [Member]
Gross Amount
Depreciation Life	15 years
Courtyard Indianapolis @ The Capitol [Member] \| Maximum [Member]
Gross Amount
Depreciation Life	40 years
Courtyard Boulder Longmont [Member]
Real Estate and Accumulated Depreciation
Debt	$ 0
Initial Costs
Land & Improvements	1,192
Building & Improvements	8,745
Costs Capitalized Subsequent to Acquisition
Land, Building & Improvements	909
Gross Amount
Land & Improvements	1,192
Buildings & Improvements	9,654
Total	10,846
Accumulated Depreciation	$ 2,265
Courtyard Boulder Longmont [Member] \| Minimum [Member]
Gross Amount
Depreciation Life	15 years
Courtyard Boulder Longmont [Member] \| Maximum [Member]
Gross Amount
Depreciation Life	40 years
Courtyard Boulder Louisville [Member]
Real Estate and Accumulated Depreciation
Debt	$ 0
Initial Costs
Land & Improvements	1,640
Building & Improvements	12,025
Costs Capitalized Subsequent to Acquisition
Land, Building & Improvements	1,443
Gross Amount
Land & Improvements	1,642
Buildings & Improvements	13,466
Total	15,108
Accumulated Depreciation	$ 3,146
Courtyard Boulder Louisville [Member] \| Minimum [Member]
Gross Amount
Depreciation Life	15 years
Courtyard Boulder Louisville [Member] \| Maximum [Member]
Gross Amount
Depreciation Life	40 years
Courtyard Louisville Northeast [Member]
Real Estate and Accumulated Depreciation
Debt	$ 0
Initial Costs
Land & Improvements	1,374
Building & Improvements	10,079
Costs Capitalized Subsequent to Acquisition
Land, Building & Improvements	767
Gross Amount
Land & Improvements	1,376
Buildings & Improvements	10,844
Total	12,220
Accumulated Depreciation	$ 2,584
Courtyard Louisville Northeast [Member] \| Minimum [Member]
Gross Amount
Depreciation Life	15 years
Courtyard Louisville Northeast [Member] \| Maximum [Member]
Gross Amount
Depreciation Life	40 years
Courtyard Midway Airport [Member]
Real Estate and Accumulated Depreciation
Debt	$ 0
Initial Costs
Land & Improvements	2,172
Building & Improvements	15,927
Costs Capitalized Subsequent to Acquisition
Land, Building & Improvements	2,333
Gross Amount
Land & Improvements	2,175
Buildings & Improvements	18,257
Total	20,432
Accumulated Depreciation	$ 4,804
Courtyard Midway Airport [Member] \| Minimum [Member]
Gross Amount
Depreciation Life	15 years
Courtyard Midway Airport [Member] \| Maximum [Member]
Gross Amount
Depreciation Life	40 years
Courtyard South Bend Mishawaka [Member]
Real Estate and Accumulated Depreciation
Debt	$ 0
Initial Costs
Land & Improvements	640
Building & Improvements	4,699
Costs Capitalized Subsequent to Acquisition
Land, Building & Improvements	1,239
Gross Amount
Land & Improvements	642
Buildings & Improvements	5,936
Total	6,578
Accumulated Depreciation	$ 1,534
Courtyard South Bend Mishawaka [Member] \| Minimum [Member]
Gross Amount
Depreciation Life	15 years
Courtyard South Bend Mishawaka [Member] \| Maximum [Member]
Gross Amount
Depreciation Life	40 years
Courtyard Salt Lake City Airport [Member]
Real Estate and Accumulated Depreciation
Debt	$ 0
Initial Costs
Land & Improvements	2,333
Building & Improvements	17,110
Costs Capitalized Subsequent to Acquisition
Land, Building & Improvements	1,397
Gross Amount
Land & Improvements	2,333
Buildings & Improvements	18,507
Total	20,840
Accumulated Depreciation	$ 4,219
Courtyard Salt Lake City Airport [Member] \| Minimum [Member]
Gross Amount
Depreciation Life	15 years
Courtyard Salt Lake City Airport [Member] \| Maximum [Member]
Gross Amount
Depreciation Life	40 years
Courtyard Houston Sugarland [Member]
Real Estate and Accumulated Depreciation
Debt	$ 0
Initial Costs
Land & Improvements	1,217
Building & Improvements	8,931
Costs Capitalized Subsequent to Acquisition
Land, Building & Improvements	1,108
Gross Amount
Land & Improvements	1,217
Buildings & Improvements	10,039
Total	11,256
Accumulated Depreciation	$ 2,262
Courtyard Houston Sugarland [Member] \| Minimum [Member]
Gross Amount
Depreciation Life	15 years
Courtyard Houston Sugarland [Member] \| Maximum [Member]
Gross Amount
Depreciation Life	40 years
Courtyard Sort Lauderdale SW Miramar [Member]
Real Estate and Accumulated Depreciation
Debt	$ 0
Initial Costs
Land & Improvements	1,619
Building & Improvements	11,872
Costs Capitalized Subsequent to Acquisition
Land, Building & Improvements	1,143
Gross Amount
Land & Improvements	1,619
Buildings & Improvements	13,015
Total	14,634
Accumulated Depreciation	$ 2,631
Courtyard Sort Lauderdale SW Miramar [Member] \| Minimum [Member]
Gross Amount
Depreciation Life	15 years
Courtyard Sort Lauderdale SW Miramar [Member] \| Maximum [Member]
Gross Amount
Depreciation Life	40 years
Courtyard Austin Downtown Convention Center [Member]
Real Estate and Accumulated Depreciation
Debt	$ 48,954
Initial Costs
Land & Improvements	6,049
Building & Improvements	44,361
Costs Capitalized Subsequent to Acquisition
Land, Building & Improvements	1,491
Gross Amount
Land & Improvements	6,049
Buildings & Improvements	45,852
Total	51,901
Accumulated Depreciation	$ 9,293
Courtyard Austin Downtown Convention Center [Member] \| Minimum [Member]
Gross Amount
Depreciation Life	15 years
Courtyard Austin Downtown Convention Center [Member] \| Maximum [Member]
Gross Amount
Depreciation Life	40 years
Courtyard Austin Airport [Member]
Real Estate and Accumulated Depreciation
Debt	$ 0
Initial Costs
Land & Improvements	1,691
Building & Improvements	12,404
Costs Capitalized Subsequent to Acquisition
Land, Building & Improvements	3,421
Gross Amount
Land & Improvements	1,753
Buildings & Improvements	15,763
Total	17,516
Accumulated Depreciation	$ 2,816
Courtyard Austin Airport [Member] \| Minimum [Member]
Gross Amount
Depreciation Life	15 years
Courtyard Austin Airport [Member] \| Maximum [Member]
Gross Amount
Depreciation Life	40 years
Residence Inn Austin Northwest Arboretum [Member]
Real Estate and Accumulated Depreciation
Debt	$ 0
Initial Costs
Land & Improvements	1,403
Building & Improvements	10,290
Costs Capitalized Subsequent to Acquisition
Land, Building & Improvements	1,951
Gross Amount
Land & Improvements	1,403
Buildings & Improvements	12,241
Total	13,644
Accumulated Depreciation	$ 2,660
Residence Inn Austin Northwest Arboretum [Member] \| Minimum [Member]
Gross Amount
Depreciation Life	15 years
Residence Inn Austin Northwest Arboretum [Member] \| Maximum [Member]
Gross Amount
Depreciation Life	40 years
Residence Inn Austin South [Member]
Real Estate and Accumulated Depreciation
Debt	$ 0
Initial Costs
Land & Improvements	802
Building & Improvements	5,883
Costs Capitalized Subsequent to Acquisition
Land, Building & Improvements	910
Gross Amount
Land & Improvements	802
Buildings & Improvements	6,793
Total	7,595
Accumulated Depreciation	$ 1,492
Residence Inn Austin South [Member] \| Minimum [Member]
Gross Amount
Depreciation Life	15 years
Residence Inn Austin South [Member] \| Maximum [Member]
Gross Amount
Depreciation Life	40 years
Residence Inn Austin North Parmer Lane [Member]
Real Estate and Accumulated Depreciation
Debt	$ 0
Initial Costs
Land & Improvements	1,483
Building & Improvements	10,872
Costs Capitalized Subsequent to Acquisition
Land, Building & Improvements	588
Gross Amount
Land & Improvements	1,483
Buildings & Improvements	11,460
Total	12,943
Accumulated Depreciation	$ 2,652
Residence Inn Austin North Parmer Lane [Member] \| Minimum [Member]
Gross Amount
Depreciation Life	15 years
Residence Inn Austin North Parmer Lane [Member] \| Maximum [Member]
Gross Amount
Depreciation Life	40 years
Residence Inn Indianapolis Fishers [Member]
Real Estate and Accumulated Depreciation
Debt	$ 0
Initial Costs
Land & Improvements	998
Building & Improvements	7,322
Costs Capitalized Subsequent to Acquisition
Land, Building & Improvements	1,005
Gross Amount
Land & Improvements	1,048
Buildings & Improvements	8,277
Total	9,325
Accumulated Depreciation	$ 1,862
Residence Inn Indianapolis Fishers [Member] \| Minimum [Member]
Gross Amount
Depreciation Life	15 years
Residence Inn Indianapolis Fishers [Member] \| Maximum [Member]
Gross Amount
Depreciation Life	40 years
Residence Inn Denver West Golden [Member]
Real Estate and Accumulated Depreciation
Debt	$ 0
Initial Costs
Land & Improvements	1,222
Building & Improvements	8,963
Costs Capitalized Subsequent to Acquisition
Land, Building & Improvements	1,188
Gross Amount
Land & Improvements	1,222
Buildings & Improvements	10,151
Total	11,373
Accumulated Depreciation	$ 2,212
Residence Inn Denver West Golden [Member] \| Minimum [Member]
Gross Amount
Depreciation Life	15 years
Residence Inn Denver West Golden [Member] \| Maximum [Member]
Gross Amount
Depreciation Life	40 years
Residence Inn Chicago Southeast Hammond [Member]
Real Estate and Accumulated Depreciation
Debt	$ 0
Initial Costs
Land & Improvements	980
Building & Improvements	7,190
Costs Capitalized Subsequent to Acquisition
Land, Building & Improvements	918
Gross Amount
Land & Improvements	980
Buildings & Improvements	8,108
Total	9,088
Accumulated Depreciation	$ 1,821
Residence Inn Chicago Southeast Hammond [Member] \| Minimum [Member]
Gross Amount
Depreciation Life	15 years
Residence Inn Chicago Southeast Hammond [Member] \| Maximum [Member]
Gross Amount
Depreciation Life	40 years
Residence Inn Houston By The Galleria [Member]
Real Estate and Accumulated Depreciation
Debt	$ 0
Initial Costs
Land & Improvements	2,665
Building & Improvements	19,549
Costs Capitalized Subsequent to Acquisition
Land, Building & Improvements	2,631
Gross Amount
Land & Improvements	2,665
Buildings & Improvements	22,180
Total	24,845
Accumulated Depreciation	$ 5,008
Residence Inn Houston By The Galleria [Member] \| Minimum [Member]
Gross Amount
Depreciation Life	15 years
Residence Inn Houston By The Galleria [Member] \| Maximum [Member]
Gross Amount
Depreciation Life	40 years
Residence Inn Indianapolis Downtown On The Canal [Member]
Real Estate and Accumulated Depreciation
Debt	$ 0
Initial Costs
Land & Improvements	2,670
Building & Improvements	19,588
Costs Capitalized Subsequent to Acquisition
Land, Building & Improvements	2,095
Gross Amount
Land & Improvements	2,670
Buildings & Improvements	21,683
Total	24,353
Accumulated Depreciation	$ 4,953
Residence Inn Indianapolis Downtown On The Canal [Member] \| Minimum [Member]
Gross Amount
Depreciation Life	15 years
Residence Inn Indianapolis Downtown On The Canal [Member] \| Maximum [Member]
Gross Amount
Depreciation Life	40 years
Residence Inn Longmont Boulder [Member]
Real Estate and Accumulated Depreciation
Debt	$ 0
Initial Costs
Land & Improvements	1,407
Building & Improvements	10,321
Costs Capitalized Subsequent to Acquisition
Land, Building & Improvements	796
Gross Amount
Land & Improvements	1,407
Buildings & Improvements	11,117
Total	12,524
Accumulated Depreciation	$ 2,530
Residence Inn Longmont Boulder [Member] \| Minimum [Member]
Gross Amount
Depreciation Life	15 years
Residence Inn Longmont Boulder [Member] \| Maximum [Member]
Gross Amount
Depreciation Life	40 years
Residence Inn Boulder Louisville [Member]
Real Estate and Accumulated Depreciation
Debt	$ 0
Initial Costs
Land & Improvements	1,298
Building & Improvements	9,519
Costs Capitalized Subsequent to Acquisition
Land, Building & Improvements	923
Gross Amount
Land & Improvements	1,298
Buildings & Improvements	10,442
Total	11,740
Accumulated Depreciation	$ 2,399
Residence Inn Boulder Louisville [Member] \| Minimum [Member]
Gross Amount
Depreciation Life	15 years
Residence Inn Boulder Louisville [Member] \| Maximum [Member]
Gross Amount
Depreciation Life	40 years
Residence Inn Louisville Northeast [Member]
Real Estate and Accumulated Depreciation
Debt	$ 0
Initial Costs
Land & Improvements	1,319
Building & Improvements	9,675
Costs Capitalized Subsequent to Acquisition
Land, Building & Improvements	1,080
Gross Amount
Land & Improvements	1,319
Buildings & Improvements	10,755
Total	12,074
Accumulated Depreciation	$ 2,379
Residence Inn Louisville Northeast [Member] \| Minimum [Member]
Gross Amount
Depreciation Life	15 years
Residence Inn Louisville Northeast [Member] \| Maximum [Member]
Gross Amount
Depreciation Life	40 years
Residence Inn Merrillville [Member]
Real Estate and Accumulated Depreciation
Debt	$ 0
Initial Costs
Land & Improvements	595
Building & Improvements	4,372
Costs Capitalized Subsequent to Acquisition
Land, Building & Improvements	1,243
Gross Amount
Land & Improvements	595
Buildings & Improvements	5,615
Total	6,210
Accumulated Depreciation	$ 1,456
Residence Inn Merrillville [Member] \| Minimum [Member]
Gross Amount
Depreciation Life	15 years
Residence Inn Merrillville [Member] \| Maximum [Member]
Gross Amount
Depreciation Life	40 years
Residence Inn Detroit Novi [Member]
Real Estate and Accumulated Depreciation
Debt	$ 0
Initial Costs
Land & Improvements	1,427
Building & Improvements	10,445
Costs Capitalized Subsequent to Acquisition
Land, Building & Improvements	1,754
Gross Amount
Land & Improvements	1,427
Buildings & Improvements	12,199
Total	13,626
Accumulated Depreciation	$ 2,559
Residence Inn Detroit Novi [Member] \| Minimum [Member]
Gross Amount
Depreciation Life	15 years
Residence Inn Detroit Novi [Member] \| Maximum [Member]
Gross Amount
Depreciation Life	40 years
Residence Inn Chicago Oak Brook [Member]
Real Estate and Accumulated Depreciation
Debt	$ 0
Initial Costs
Land & Improvements	0
Building & Improvements	20,436
Costs Capitalized Subsequent to Acquisition
Land, Building & Improvements	881
Gross Amount
Land & Improvements	0
Buildings & Improvements	21,317
Total	21,317
Accumulated Depreciation	$ 4,941
Residence Inn Chicago Oak Brook [Member] \| Minimum [Member]
Gross Amount
Depreciation Life	15 years
Residence Inn Chicago Oak Brook [Member] \| Maximum [Member]
Gross Amount
Depreciation Life	40 years
Residence Inn Fort Lauderdale Plantation [Member]
Real Estate and Accumulated Depreciation
Debt	$ 0
Initial Costs
Land & Improvements	2,183
Building & Improvements	16,021
Costs Capitalized Subsequent to Acquisition
Land, Building & Improvements	4,249
Gross Amount
Land & Improvements	2,295
Buildings & Improvements	20,158
Total	22,453
Accumulated Depreciation	$ 4,452
Residence Inn Fort Lauderdale Plantation [Member] \| Minimum [Member]
Gross Amount
Depreciation Life	15 years
Residence Inn Fort Lauderdale Plantation [Member] \| Maximum [Member]
Gross Amount
Depreciation Life	40 years
Residence Inn Salt Lake City Airport [Member]
Real Estate and Accumulated Depreciation
Debt	$ 0
Initial Costs
Land & Improvements	875
Building & Improvements	6,416
Costs Capitalized Subsequent to Acquisition
Land, Building & Improvements	1,279
Gross Amount
Land & Improvements	875
Buildings & Improvements	7,695
Total	8,570
Accumulated Depreciation	$ 1,693
Residence Inn Salt Lake City Airport [Member] \| Minimum [Member]
Gross Amount
Depreciation Life	15 years
Residence Inn Salt Lake City Airport [Member] \| Maximum [Member]
Gross Amount
Depreciation Life	40 years
Residence Inn San Antonio Downtown Market Sq [Member]
Real Estate and Accumulated Depreciation
Debt	$ 0
Initial Costs
Land & Improvements	1,822
Building & Improvements	13,360
Costs Capitalized Subsequent to Acquisition
Land, Building & Improvements	2,278
Gross Amount
Land & Improvements	1,822
Buildings & Improvements	15,638
Total	17,460
Accumulated Depreciation	$ 3,477
Residence Inn San Antonio Downtown Market Sq [Member] \| Minimum [Member]
Gross Amount
Depreciation Life	15 years
Residence Inn San Antonio Downtown Market Sq [Member] \| Maximum [Member]
Gross Amount
Depreciation Life	40 years
Residence Inn Houston Sugarland [Member]
Real Estate and Accumulated Depreciation
Debt	$ 0
Initial Costs
Land & Improvements	1,100
Building & Improvements	8,073
Costs Capitalized Subsequent to Acquisition
Land, Building & Improvements	1,323
Gross Amount
Land & Improvements	1,100
Buildings & Improvements	9,396
Total	10,496
Accumulated Depreciation	$ 2,216
Residence Inn Houston Sugarland [Member] \| Minimum [Member]
Gross Amount
Depreciation Life	15 years
Residence Inn Houston Sugarland [Member] \| Maximum [Member]
Gross Amount
Depreciation Life	40 years
Residence Inn Chicago Naperville [Member]
Real Estate and Accumulated Depreciation
Debt	$ 0
Initial Costs
Land & Improvements	1,923
Building & Improvements	14,101
Costs Capitalized Subsequent to Acquisition
Land, Building & Improvements	837
Gross Amount
Land & Improvements	1,923
Buildings & Improvements	14,938
Total	16,861
Accumulated Depreciation	$ 3,540
Residence Inn Chicago Naperville [Member] \| Minimum [Member]
Gross Amount
Depreciation Life	15 years
Residence Inn Chicago Naperville [Member] \| Maximum [Member]
Gross Amount
Depreciation Life	40 years
Residence Inn Louisville Downtown [Member]
Real Estate and Accumulated Depreciation
Debt	$ 0
Initial Costs
Land & Improvements	1,815
Building & Improvements	13,308
Costs Capitalized Subsequent to Acquisition
Land, Building & Improvements	744
Gross Amount
Land & Improvements	1,815
Buildings & Improvements	14,052
Total	15,867
Accumulated Depreciation	$ 3,066
Residence Inn Louisville Downtown [Member] \| Minimum [Member]
Gross Amount
Depreciation Life	15 years
Residence Inn Louisville Downtown [Member] \| Maximum [Member]
Gross Amount
Depreciation Life	40 years
Residence Inn Fort Lauderdale SW Miramar [Member]
Real Estate and Accumulated Depreciation
Debt	$ 0
Initial Costs
Land & Improvements	1,692
Building & Improvements	12,409
Costs Capitalized Subsequent to Acquisition
Land, Building & Improvements	1,534
Gross Amount
Land & Improvements	1,692
Buildings & Improvements	13,943
Total	15,635
Accumulated Depreciation	$ 2,765
Residence Inn Fort Lauderdale SW Miramar [Member] \| Minimum [Member]
Gross Amount
Depreciation Life	15 years
Residence Inn Fort Lauderdale SW Miramar [Member] \| Maximum [Member]
Gross Amount
Depreciation Life	40 years
Residence Inn Austin Downtown Convention Center [Member]
Real Estate and Accumulated Depreciation
Debt	$ 32,636
Initial Costs
Land & Improvements	3,767
Building & Improvements	27,626
Costs Capitalized Subsequent to Acquisition
Land, Building & Improvements	620
Gross Amount
Land & Improvements	3,767
Buildings & Improvements	28,246
Total	32,013
Accumulated Depreciation	$ 5,760
Residence Inn Austin Downtown Convention Center [Member] \| Minimum [Member]
Gross Amount
Depreciation Life	15 years
Residence Inn Austin Downtown Convention Center [Member] \| Maximum [Member]
Gross Amount
Depreciation Life	40 years
SpringHill Suites Austin North Parmer Lane [Member]
Real Estate and Accumulated Depreciation
Debt	$ 0
Initial Costs
Land & Improvements	1,957
Building & Improvements	14,351
Costs Capitalized Subsequent to Acquisition
Land, Building & Improvements	577
Gross Amount
Land & Improvements	1,957
Buildings & Improvements	14,928
Total	16,885
Accumulated Depreciation	$ 3,469
SpringHill Suites Austin North Parmer Lane [Member] \| Minimum [Member]
Gross Amount
Depreciation Life	15 years
SpringHill Suites Austin North Parmer Lane [Member] \| Maximum [Member]
Gross Amount
Depreciation Life	40 years
SpringHill Suites Austin South [Member]
Real Estate and Accumulated Depreciation
Debt	$ 0
Initial Costs
Land & Improvements	1,605
Building & Improvements	11,768
Costs Capitalized Subsequent to Acquisition
Land, Building & Improvements	1,915
Gross Amount
Land & Improvements	1,605
Buildings & Improvements	13,683
Total	15,288
Accumulated Depreciation	$ 2,947
SpringHill Suites Austin South [Member] \| Minimum [Member]
Gross Amount
Depreciation Life	15 years
SpringHill Suites Austin South [Member] \| Maximum [Member]
Gross Amount
Depreciation Life	40 years
SpringHill Suites Louisville Hurstbourne North [Member]
Real Estate and Accumulated Depreciation
Debt	$ 0
Initial Costs
Land & Improvements	1,890
Building & Improvements	13,869
Costs Capitalized Subsequent to Acquisition
Land, Building & Improvements	1,016
Gross Amount
Land & Improvements	1,890
Buildings & Improvements	14,885
Total	16,775
Accumulated Depreciation	$ 3,450
SpringHill Suites Louisville Hurstbourne North [Member] \| Minimum [Member]
Gross Amount
Depreciation Life	15 years
SpringHill Suites Louisville Hurstbourne North [Member] \| Maximum [Member]
Gross Amount
Depreciation Life	40 years
SpringHill Suites South Bend Mishawaka [Member]
Real Estate and Accumulated Depreciation
Debt	$ 0
Initial Costs
Land & Improvements	983
Building & Improvements	7,217
Costs Capitalized Subsequent to Acquisition
Land, Building & Improvements	289
Gross Amount
Land & Improvements	983
Buildings & Improvements	7,506
Total	8,489
Accumulated Depreciation	$ 1,879
SpringHill Suites South Bend Mishawaka [Member] \| Minimum [Member]
Gross Amount
Depreciation Life	15 years
SpringHill Suites South Bend Mishawaka [Member] \| Maximum [Member]
Gross Amount
Depreciation Life	40 years
SpringHill Suites Denver North Westminster [Member]
Real Estate and Accumulated Depreciation
Debt	$ 0
Initial Costs
Land & Improvements	2,409
Building & Improvements	17,670
Costs Capitalized Subsequent to Acquisition
Land, Building & Improvements	1,120
Gross Amount
Land & Improvements	2,409
Buildings & Improvements	18,790
Total	21,199
Accumulated Depreciation	$ 4,447
SpringHill Suites Denver North Westminster [Member] \| Minimum [Member]
Gross Amount
Depreciation Life	15 years
SpringHill Suites Denver North Westminster [Member] \| Maximum [Member]
Gross Amount
Depreciation Life	40 years
SpringHill Suites Boulder Longmont [Member]
Real Estate and Accumulated Depreciation
Debt	$ 0
Initial Costs
Land & Improvements	1,144
Building & Improvements	8,388
Costs Capitalized Subsequent to Acquisition
Land, Building & Improvements	708
Gross Amount
Land & Improvements	1,144
Buildings & Improvements	9,096
Total	10,240
Accumulated Depreciation	$ 1,996
SpringHill Suites Boulder Longmont [Member] \| Minimum [Member]
Gross Amount
Depreciation Life	15 years
SpringHill Suites Boulder Longmont [Member] \| Maximum [Member]
Gross Amount
Depreciation Life	40 years
Fairfield Inn & Suites Austin South [Member]
Real Estate and Accumulated Depreciation
Debt	$ 0
Initial Costs
Land & Improvements	505
Building & Improvements	3,702
Costs Capitalized Subsequent to Acquisition
Land, Building & Improvements	1,102
Gross Amount
Land & Improvements	505
Buildings & Improvements	4,804
Total	5,309
Accumulated Depreciation	$ 936
Fairfield Inn & Suites Austin South [Member] \| Minimum [Member]
Gross Amount
Depreciation Life	15 years
Fairfield Inn & Suites Austin South [Member] \| Maximum [Member]
Gross Amount
Depreciation Life	40 years
Fairfield Inn & Suites Denver Cherry Creek [Member]
Real Estate and Accumulated Depreciation
Debt	$ 0
Initial Costs
Land & Improvements	1,203
Building & Improvements	8,823
Costs Capitalized Subsequent to Acquisition
Land, Building & Improvements	1,277
Gross Amount
Land & Improvements	1,203
Buildings & Improvements	10,100
Total	11,303
Accumulated Depreciation	$ 2,336
Fairfield Inn & Suites Denver Cherry Creek [Member] \| Minimum [Member]
Gross Amount
Depreciation Life	15 years
Fairfield Inn & Suites Denver Cherry Creek [Member] \| Maximum [Member]
Gross Amount
Depreciation Life	40 years
Fairfield Inn & Suites Chicago SE Hammond [Member]
Real Estate and Accumulated Depreciation
Debt	$ 0
Initial Costs
Land & Improvements	722
Building & Improvements	5,301
Costs Capitalized Subsequent to Acquisition
Land, Building & Improvements	1,304
Gross Amount
Land & Improvements	722
Buildings & Improvements	6,605
Total	7,327
Accumulated Depreciation	$ 1,435
Fairfield Inn & Suites Chicago SE Hammond [Member] \| Minimum [Member]
Gross Amount
Depreciation Life	15 years
Fairfield Inn & Suites Chicago SE Hammond [Member] \| Maximum [Member]
Gross Amount
Depreciation Life	40 years
Fairfield Inn & Suites Key West [Member]
Real Estate and Accumulated Depreciation
Debt	$ 0
Initial Costs
Land & Improvements	1,803
Building & Improvements	19,325
Costs Capitalized Subsequent to Acquisition
Land, Building & Improvements	3,248
Gross Amount
Land & Improvements	1,853
Buildings & Improvements	22,523
Total	24,376
Accumulated Depreciation	$ 4,727
Fairfield Inn & Suites Key West [Member] \| Minimum [Member]
Gross Amount
Depreciation Life	15 years
Fairfield Inn & Suites Key West [Member] \| Maximum [Member]
Gross Amount
Depreciation Life	40 years
Fairfield Inn & Suites Chicago Midway Airport [Member]
Real Estate and Accumulated Depreciation
Debt	$ 0
Initial Costs
Land & Improvements	1,425
Building & Improvements	10,449
Costs Capitalized Subsequent to Acquisition
Land, Building & Improvements	1,676
Gross Amount
Land & Improvements	1,425
Buildings & Improvements	12,125
Total	13,550
Accumulated Depreciation	$ 2,591
Fairfield Inn & Suites Chicago Midway Airport [Member] \| Minimum [Member]
Gross Amount
Depreciation Life	15 years
Fairfield Inn & Suites Chicago Midway Airport [Member] \| Maximum [Member]
Gross Amount
Depreciation Life	40 years
Fairfield Inn & Suites San Antonio Dwntn Mkt [Member]
Real Estate and Accumulated Depreciation
Debt	$ 0
Initial Costs
Land & Improvements	1,378
Building & Improvements	10,105
Costs Capitalized Subsequent to Acquisition
Land, Building & Improvements	1,273
Gross Amount
Land & Improvements	1,378
Buildings & Improvements	11,378
Total	12,756
Accumulated Depreciation	$ 2,516
Fairfield Inn & Suites San Antonio Dwntn Mkt [Member] \| Minimum [Member]
Gross Amount
Depreciation Life	15 years
Fairfield Inn & Suites San Antonio Dwntn Mkt [Member] \| Maximum [Member]
Gross Amount
Depreciation Life	40 years
Holiday Inn Express Merrillville [Member]
Real Estate and Accumulated Depreciation
Debt	$ 0
Initial Costs
Land & Improvements	545
Building & Improvements	4,005
Costs Capitalized Subsequent to Acquisition
Land, Building & Improvements	(916)
Gross Amount
Land & Improvements	445
Buildings & Improvements	3,189
Total	3,634
Accumulated Depreciation	$ 976
Holiday Inn Express Merrillville [Member] \| Minimum [Member]
Gross Amount
Depreciation Life	15 years
Holiday Inn Express Merrillville [Member] \| Maximum [Member]
Gross Amount
Depreciation Life	40 years
Hampton Inn Chicago Midway Airport [Member]
Real Estate and Accumulated Depreciation
Debt	$ 0
Initial Costs
Land & Improvements	2,747
Building & Improvements	20,143
Costs Capitalized Subsequent to Acquisition
Land, Building & Improvements	2,376
Gross Amount
Land & Improvements	2,747
Buildings & Improvements	22,519
Total	25,266
Accumulated Depreciation	$ 5,168
Hampton Inn Chicago Midway Airport [Member] \| Minimum [Member]
Gross Amount
Depreciation Life	15 years
Hampton Inn Chicago Midway Airport [Member] \| Maximum [Member]
Gross Amount
Depreciation Life	40 years
Hilton Garden Inn Chicago Midway Airport [Member]
Real Estate and Accumulated Depreciation
Debt	$ 0
Initial Costs
Land & Improvements	2,978
Building & Improvements	21,842
Costs Capitalized Subsequent to Acquisition
Land, Building & Improvements	1,154
Gross Amount
Land & Improvements	2,978
Buildings & Improvements	22,996
Total	25,974
Accumulated Depreciation	$ 5,361
Hilton Garden Inn Chicago Midway Airport [Member] \| Minimum [Member]
Gross Amount
Depreciation Life	15 years
Hilton Garden Inn Chicago Midway Airport [Member] \| Maximum [Member]
Gross Amount
Depreciation Life	40 years
Sleep Inn Midway Airport [Member]
Real Estate and Accumulated Depreciation
Debt	$ 0
Initial Costs
Land & Improvements	1,189
Building & Improvements	8,718
Costs Capitalized Subsequent to Acquisition
Land, Building & Improvements	1,623
Gross Amount
Land & Improvements	1,189
Buildings & Improvements	10,341
Total	11,530
Accumulated Depreciation	$ 2,529
Sleep Inn Midway Airport [Member] \| Minimum [Member]
Gross Amount
Depreciation Life	15 years
Sleep Inn Midway Airport [Member] \| Maximum [Member]
Gross Amount
Depreciation Life	40 years
Holiday Inn Express Hotel & Suites Midway Airport [Member]
Real Estate and Accumulated Depreciation
Debt	$ 0
Initial Costs
Land & Improvements	1,874
Building & Improvements	13,742
Costs Capitalized Subsequent to Acquisition
Land, Building & Improvements	256
Gross Amount
Land & Improvements	1,874
Buildings & Improvements	13,998
Total	15,872
Accumulated Depreciation	$ 3,337
Holiday Inn Express Hotel & Suites Midway Airport [Member] \| Minimum [Member]
Gross Amount
Depreciation Life	15 years
Holiday Inn Express Hotel & Suites Midway Airport [Member] \| Maximum [Member]
Gross Amount
Depreciation Life	40 years
Hilton Garden Inn Bloomington [Member]
Real Estate and Accumulated Depreciation
Debt	$ 17,500
Initial Costs
Land & Improvements	0
Building & Improvements	18,945
Costs Capitalized Subsequent to Acquisition
Land, Building & Improvements	908
Gross Amount
Land & Improvements	0
Buildings & Improvements	19,853
Total	19,853
Accumulated Depreciation	$ 3,437
Hilton Garden Inn Bloomington [Member] \| Minimum [Member]
Gross Amount
Depreciation Life	15 years
Hilton Garden Inn Bloomington [Member] \| Maximum [Member]
Gross Amount
Depreciation Life	40 years
TGI Friday's Chicago Midway [Member]
Real Estate and Accumulated Depreciation
Debt	$ 0
Initial Costs
Land & Improvements	829
Building & Improvements	6,139
Costs Capitalized Subsequent to Acquisition
Land, Building & Improvements	603
Gross Amount
Land & Improvements	829
Buildings & Improvements	6,742
Total	7,571
Accumulated Depreciation	$ 1,501
TGI Friday's Chicago Midway [Member] \| Minimum [Member]
Gross Amount
Depreciation Life	15 years
TGI Friday's Chicago Midway [Member] \| Maximum [Member]
Gross Amount
Depreciation Life	40 years
SpringHill Suites Bakersfield [Member]
Real Estate and Accumulated Depreciation
Debt	$ 0
Initial Costs
Land & Improvements	1,560
Building & Improvements	8,838
Costs Capitalized Subsequent to Acquisition
Land, Building & Improvements	593
Gross Amount
Land & Improvements	1,575
Buildings & Improvements	9,416
Total	10,991
Accumulated Depreciation	$ 2,109
SpringHill Suites Bakersfield [Member] \| Minimum [Member]
Gross Amount
Depreciation Life	15 years
SpringHill Suites Bakersfield [Member] \| Maximum [Member]
Gross Amount
Depreciation Life	40 years
Hampton Inn Suites Clearwater St Petersburg Ulmerton Road [Member]
Real Estate and Accumulated Depreciation
Debt	$ 0
Initial Costs
Land & Improvements	1,106
Building & Improvements	12,721
Costs Capitalized Subsequent to Acquisition
Land, Building & Improvements	1,090
Gross Amount
Land & Improvements	1,133
Buildings & Improvements	13,784
Total	14,917
Accumulated Depreciation	$ 2,836
Hampton Inn Suites Clearwater St Petersburg Ulmerton Road [Member] \| Minimum [Member]
Gross Amount
Depreciation Life	15 years
Hampton Inn Suites Clearwater St Petersburg Ulmerton Road [Member] \| Maximum [Member]
Gross Amount
Depreciation Life	40 years
Hampton Inn Garden City [Member]
Real Estate and Accumulated Depreciation
Debt	$ 0
Initial Costs
Land & Improvements	5,691
Building & Improvements	22,764
Costs Capitalized Subsequent to Acquisition
Land, Building & Improvements	671
Gross Amount
Land & Improvements	5,717
Buildings & Improvements	23,409
Total	29,126
Accumulated Depreciation	$ 4,955
Hampton Inn Garden City [Member] \| Minimum [Member]
Gross Amount
Depreciation Life	15 years
Hampton Inn Garden City [Member] \| Maximum [Member]
Gross Amount
Depreciation Life	40 years
Courtyard Houston By The Galleria [Member]
Real Estate and Accumulated Depreciation
Debt	$ 26,000
Initial Costs
Land & Improvements	3,069
Building & Improvements	22,508
Costs Capitalized Subsequent to Acquisition
Land, Building & Improvements	1,273
Gross Amount
Land & Improvements	3,069
Buildings & Improvements	23,781
Total	26,850
Accumulated Depreciation	$ 4,765
Courtyard Houston By The Galleria [Member] \| Minimum [Member]
Gross Amount
Depreciation Life	15 years
Courtyard Houston By The Galleria [Member] \| Maximum [Member]
Gross Amount
Depreciation Life	40 years
Hampton Inn Fort Walton Beach [Member]
Real Estate and Accumulated Depreciation
Debt	$ 0
Initial Costs
Land & Improvements	8,774
Building & Improvements	6,109
Costs Capitalized Subsequent to Acquisition
Land, Building & Improvements	1,096
Gross Amount
Land & Improvements	8,860
Buildings & Improvements	7,119
Total	15,979
Accumulated Depreciation	$ 1,451
Hampton Inn Fort Walton Beach [Member] \| Minimum [Member]
Gross Amount
Depreciation Life	15 years
Hampton Inn Fort Walton Beach [Member] \| Maximum [Member]
Gross Amount
Depreciation Life	40 years
Embassy Suites Los Angeles Downey [Member]
Real Estate and Accumulated Depreciation
Debt	$ 21,707
Initial Costs
Land & Improvements	4,857
Building & Improvements	29,943
Costs Capitalized Subsequent to Acquisition
Land, Building & Improvements	5,562
Gross Amount
Land & Improvements	4,947
Buildings & Improvements	35,415
Total	40,362
Accumulated Depreciation	$ 6,509
Embassy Suites Los Angeles Downey [Member] \| Minimum [Member]
Gross Amount
Depreciation Life	15 years
Embassy Suites Los Angeles Downey [Member] \| Maximum [Member]
Gross Amount
Depreciation Life	40 years
Hyatt House Austin Arboretum [Member]
Real Estate and Accumulated Depreciation
Debt	$ 10,163
Initial Costs
Land & Improvements	2,813
Building & Improvements	15,940
Costs Capitalized Subsequent to Acquisition
Land, Building & Improvements	1,773
Gross Amount
Land & Improvements	2,813
Buildings & Improvements	17,713
Total	20,526
Accumulated Depreciation	$ 3,107
Hyatt House Austin Arboretum [Member] \| Minimum [Member]
Gross Amount
Depreciation Life	15 years
Hyatt House Austin Arboretum [Member] \| Maximum [Member]
Gross Amount
Depreciation Life	40 years
Hyatt House Dallas Lincoln Park [Member]
Real Estate and Accumulated Depreciation
Debt	$ 17,168
Initial Costs
Land & Improvements	3,169
Building & Improvements	17,958
Costs Capitalized Subsequent to Acquisition
Land, Building & Improvements	627
Gross Amount
Land & Improvements	3,272
Buildings & Improvements	18,482
Total	21,754
Accumulated Depreciation	$ 3,467
Hyatt House Dallas Lincoln Park [Member] \| Minimum [Member]
Gross Amount
Depreciation Life	15 years
Hyatt House Dallas Lincoln Park [Member] \| Maximum [Member]
Gross Amount
Depreciation Life	40 years
Hyatt House Dallas Uptown [Member]
Real Estate and Accumulated Depreciation
Debt	$ 12,136
Initial Costs
Land & Improvements	2,241
Building & Improvements	12,698
Costs Capitalized Subsequent to Acquisition
Land, Building & Improvements	694
Gross Amount
Land & Improvements	2,306
Buildings & Improvements	13,327
Total	15,633
Accumulated Depreciation	$ 2,442
Hyatt House Dallas Uptown [Member] \| Minimum [Member]
Gross Amount
Depreciation Life	15 years
Hyatt House Dallas Uptown [Member] \| Maximum [Member]
Gross Amount
Depreciation Life	40 years
Hyatt House Houston Galleria [Member]
Real Estate and Accumulated Depreciation
Debt	$ 12,826
Initial Costs
Land & Improvements	2,976
Building & Improvements	16,866
Costs Capitalized Subsequent to Acquisition
Land, Building & Improvements	1,932
Gross Amount
Land & Improvements	2,976
Buildings & Improvements	18,798
Total	21,774
Accumulated Depreciation	$ 3,377
Hyatt House Houston Galleria [Member] \| Minimum [Member]
Gross Amount
Depreciation Life	15 years
Hyatt House Houston Galleria [Member] \| Maximum [Member]
Gross Amount
Depreciation Life	40 years
Hilton Garden Inn New York West 35th Street [Member]
Real Estate and Accumulated Depreciation
Debt	$ 0
Initial Costs
Land & Improvements	24,244
Building & Improvements	96,978
Costs Capitalized Subsequent to Acquisition
Land, Building & Improvements	1,204
Gross Amount
Land & Improvements	24,258
Buildings & Improvements	98,168
Total	122,426
Accumulated Depreciation	$ 16,949
Hilton Garden Inn New York West 35th Street [Member] \| Minimum [Member]
Gross Amount
Depreciation Life	15 years
Hilton Garden Inn New York West 35th Street [Member] \| Maximum [Member]
Gross Amount
Depreciation Life	40 years
Embassy Suites Tampa Downtown Convention Ctr [Member]
Real Estate and Accumulated Depreciation
Debt	$ 0
Initial Costs
Land & Improvements	2,161
Building & Improvements	71,017
Costs Capitalized Subsequent to Acquisition
Land, Building & Improvements	1,726
Gross Amount
Land & Improvements	2,319
Buildings & Improvements	72,585
Total	74,904
Accumulated Depreciation	$ 10,542
Embassy Suites Tampa Downtown Convention Ctr [Member] \| Minimum [Member]
Gross Amount
Depreciation Life	15 years
Embassy Suites Tampa Downtown Convention Ctr [Member] \| Maximum [Member]
Gross Amount
Depreciation Life	40 years
Fairfield Inn & Suites Washington DC Downtown [Member]
Real Estate and Accumulated Depreciation
Debt	$ 0
Initial Costs
Land & Improvements	16,214
Building & Improvements	22,265
Costs Capitalized Subsequent to Acquisition
Land, Building & Improvements	5,099
Gross Amount
Land & Improvements	16,307
Buildings & Improvements	27,271
Total	43,578
Accumulated Depreciation	$ 4,394
Fairfield Inn & Suites Washington DC Downtown [Member] \| Minimum [Member]
Gross Amount
Depreciation Life	15 years
Fairfield Inn & Suites Washington DC Downtown [Member] \| Maximum [Member]
Gross Amount
Depreciation Life	40 years
Embassy Suites Fort Myers Estero [Member]
Real Estate and Accumulated Depreciation
Debt	$ 0
Initial Costs
Land & Improvements	2,816
Building & Improvements	7,862
Costs Capitalized Subsequent to Acquisition
Land, Building & Improvements	961
Gross Amount
Land & Improvements	2,861
Buildings & Improvements	8,778
Total	11,639
Accumulated Depreciation	$ 1,387
Embassy Suites Fort Myers Estero [Member] \| Minimum [Member]
Gross Amount
Depreciation Life	15 years
Embassy Suites Fort Myers Estero [Member] \| Maximum [Member]
Gross Amount
Depreciation Life	40 years
Homewood Suites Washington DC Downtown [Member]
Real Estate and Accumulated Depreciation
Debt	$ 32,835
Initial Costs
Land & Improvements	23,139
Building & Improvements	34,188
Costs Capitalized Subsequent to Acquisition
Land, Building & Improvements	2,117
Gross Amount
Land & Improvements	23,139
Buildings & Improvements	36,305
Total	59,444
Accumulated Depreciation	$ 4,865
Homewood Suites Washington DC Downtown [Member] \| Minimum [Member]
Gross Amount
Depreciation Life	15 years
Homewood Suites Washington DC Downtown [Member] \| Maximum [Member]
Gross Amount
Depreciation Life	40 years
Hilton New York Fashion District [Member]
Real Estate and Accumulated Depreciation
Debt	$ 0
Initial Costs
Land & Improvements	35,592
Building & Improvements	82,392
Costs Capitalized Subsequent to Acquisition
Land, Building & Improvements	661
Gross Amount
Land & Improvements	35,606
Buildings & Improvements	83,039
Total	118,645
Accumulated Depreciation	$ 11,076
Hilton New York Fashion District [Member] \| Minimum [Member]
Gross Amount
Depreciation Life	15 years
Hilton New York Fashion District [Member] \| Maximum [Member]
Gross Amount
Depreciation Life	40 years
Hampton Inn Suites Denver Tech Center [Member]
Real Estate and Accumulated Depreciation
Debt	$ 0
Initial Costs
Land & Improvements	2,373
Building & Improvements	9,180
Costs Capitalized Subsequent to Acquisition
Land, Building & Improvements	1,603
Gross Amount
Land & Improvements	2,428
Buildings & Improvements	10,728
Total	13,156
Accumulated Depreciation	$ 1,804
Hampton Inn Suites Denver Tech Center [Member] \| Minimum [Member]
Gross Amount
Depreciation Life	15 years
Hampton Inn Suites Denver Tech Center [Member] \| Maximum [Member]
Gross Amount
Depreciation Life	40 years
Hotel Indigo New Orleans Garden District [Member]
Real Estate and Accumulated Depreciation
Debt	$ 0
Initial Costs
Land & Improvements	1,901
Building & Improvements	3,865
Costs Capitalized Subsequent to Acquisition
Land, Building & Improvements	11,764
Gross Amount
Land & Improvements	2,080
Buildings & Improvements	15,450
Total	17,530
Accumulated Depreciation	$ 2,706
Hotel Indigo New Orleans Garden District [Member] \| Minimum [Member]
Gross Amount
Depreciation Life	15 years
Hotel Indigo New Orleans Garden District [Member] \| Maximum [Member]
Gross Amount
Depreciation Life	40 years
Residence Inn Columbia [Member]
Real Estate and Accumulated Depreciation
Debt	$ 0
Initial Costs
Land & Improvements	1,993
Building & Improvements	11,487
Costs Capitalized Subsequent to Acquisition
Land, Building & Improvements	1,611
Gross Amount
Land & Improvements	2,036
Buildings & Improvements	13,055
Total	15,091
Accumulated Depreciation	$ 2,014
Residence Inn Columbia [Member] \| Minimum [Member]
Gross Amount
Depreciation Life	15 years
Residence Inn Columbia [Member] \| Maximum [Member]
Gross Amount
Depreciation Life	40 years
Residence Inn National Harbor Washington DC [Member]
Real Estate and Accumulated Depreciation
Debt	$ 0
Initial Costs
Land & Improvements	7,457
Building & Improvements	37,046
Costs Capitalized Subsequent to Acquisition
Land, Building & Improvements	1,843
Gross Amount
Land & Improvements	7,480
Buildings & Improvements	38,866
Total	46,346
Accumulated Depreciation	$ 4,898
Residence Inn National Harbor Washington DC [Member] \| Minimum [Member]
Gross Amount
Depreciation Life	15 years
Residence Inn National Harbor Washington DC [Member] \| Maximum [Member]
Gross Amount
Depreciation Life	40 years
Residence Inn Silver Spring [Member]
Real Estate and Accumulated Depreciation
Debt	$ 0
Initial Costs
Land & Improvements	3,945
Building & Improvements	18,896
Costs Capitalized Subsequent to Acquisition
Land, Building & Improvements	1,012
Gross Amount
Land & Improvements	3,989
Buildings & Improvements	19,864
Total	23,853
Accumulated Depreciation	$ 2,961
Residence Inn Silver Spring [Member] \| Minimum [Member]
Gross Amount
Depreciation Life	15 years
Residence Inn Silver Spring [Member] \| Maximum [Member]
Gross Amount
Depreciation Life	40 years
Hilton Garden Inn New Orleans Convention Center [Member]
Real Estate and Accumulated Depreciation
Debt	$ 0
Initial Costs
Land & Improvements	3,405
Building & Improvements	20,750
Costs Capitalized Subsequent to Acquisition
Land, Building & Improvements	3,925
Gross Amount
Land & Improvements	3,456
Buildings & Improvements	24,624
Total	28,080
Accumulated Depreciation	$ 3,627
Hilton Garden Inn New Orleans Convention Center [Member] \| Minimum [Member]
Gross Amount
Depreciation Life	15 years
Hilton Garden Inn New Orleans Convention Center [Member] \| Maximum [Member]
Gross Amount
Depreciation Life	40 years
Hampton Inn West Palm Beach Central Arprt Central [Member]
Real Estate and Accumulated Depreciation
Debt	$ 0
Initial Costs
Land & Improvements	2,280
Building & Improvements	9,769
Costs Capitalized Subsequent to Acquisition
Land, Building & Improvements	468
Gross Amount
Land & Improvements	2,280
Buildings & Improvements	10,237
Total	12,517
Accumulated Depreciation	$ 1,498
Hampton Inn West Palm Beach Central Arprt Central [Member] \| Minimum [Member]
Gross Amount
Depreciation Life	15 years
Hampton Inn West Palm Beach Central Arprt Central [Member] \| Maximum [Member]
Gross Amount
Depreciation Life	40 years
Hilton Garden Inn West Palm Beach Airport [Member]
Real Estate and Accumulated Depreciation
Debt	$ 0
Initial Costs
Land & Improvements	1,206
Building & Improvements	10,811
Costs Capitalized Subsequent to Acquisition
Land, Building & Improvements	1,146
Gross Amount
Land & Improvements	1,215
Buildings & Improvements	11,948
Total	13,163
Accumulated Depreciation	$ 1,551
Hilton Garden Inn West Palm Beach Airport [Member] \| Minimum [Member]
Gross Amount
Depreciation Life	15 years
Hilton Garden Inn West Palm Beach Airport [Member] \| Maximum [Member]
Gross Amount
Depreciation Life	40 years
Hilton Garden Inn Los Angeles Hollywood [Member]
Real Estate and Accumulated Depreciation
Debt	$ 0
Initial Costs
Land & Improvements	5,303
Building & Improvements	19,136
Costs Capitalized Subsequent to Acquisition
Land, Building & Improvements	5,570
Gross Amount
Land & Improvements	5,493
Buildings & Improvements	24,516
Total	30,009
Accumulated Depreciation	$ 3,859
Hilton Garden Inn Los Angeles Hollywood [Member] \| Minimum [Member]
Gross Amount
Depreciation Life	15 years
Hilton Garden Inn Los Angeles Hollywood [Member] \| Maximum [Member]
Gross Amount
Depreciation Life	40 years
Doubletree Metropolitan Hotel New York City [Member]
Real Estate and Accumulated Depreciation
Debt	$ 0
Initial Costs
Land & Improvements	140,332
Building & Improvements	188,014
Costs Capitalized Subsequent to Acquisition
Land, Building & Improvements	16,108
Gross Amount
Land & Improvements	140,435
Buildings & Improvements	204,019
Total	344,454
Accumulated Depreciation	$ 27,433
Doubletree Metropolitan Hotel New York City [Member] \| Minimum [Member]
Gross Amount
Depreciation Life	15 years
Doubletree Metropolitan Hotel New York City [Member] \| Maximum [Member]
Gross Amount
Depreciation Life	40 years
Renaissance Pittsburgh Hotel [Member]
Real Estate and Accumulated Depreciation
Debt	$ 0
Initial Costs
Land & Improvements	3,274
Building & Improvements	39,934
Costs Capitalized Subsequent to Acquisition
Land, Building & Improvements	2,841
Gross Amount
Land & Improvements	3,316
Buildings & Improvements	42,733
Total	46,049
Accumulated Depreciation	$ 5,452
Renaissance Pittsburgh Hotel [Member] \| Minimum [Member]
Gross Amount
Depreciation Life	15 years
Renaissance Pittsburgh Hotel [Member] \| Maximum [Member]
Gross Amount
Depreciation Life	40 years
Courtyard Atlanta Buckhead [Member]
Real Estate and Accumulated Depreciation
Debt	$ 0
Initial Costs
Land & Improvements	2,860
Building & Improvements	21,668
Costs Capitalized Subsequent to Acquisition
Land, Building & Improvements	1,952
Gross Amount
Land & Improvements	2,875
Buildings & Improvements	23,605
Total	26,480
Accumulated Depreciation	$ 3,052
Courtyard Atlanta Buckhead [Member] \| Minimum [Member]
Gross Amount
Depreciation Life	15 years
Courtyard Atlanta Buckhead [Member] \| Maximum [Member]
Gross Amount
Depreciation Life	40 years
Doubletree Hotel Columbia [Member]
Real Estate and Accumulated Depreciation
Debt	$ 0
Initial Costs
Land & Improvements	1,933
Building & Improvements	6,486
Costs Capitalized Subsequent to Acquisition
Land, Building & Improvements	5,154
Gross Amount
Land & Improvements	2,026
Buildings & Improvements	11,547
Total	13,573
Accumulated Depreciation	$ 1,742
Doubletree Hotel Columbia [Member] \| Minimum [Member]
Gross Amount
Depreciation Life	15 years
Doubletree Hotel Columbia [Member] \| Maximum [Member]
Gross Amount
Depreciation Life	40 years
Marriott Denver Airport @ Gateway Park [Member]
Real Estate and Accumulated Depreciation
Debt	$ 26,500
Initial Costs
Land & Improvements	3,083
Building & Improvements	38,356
Costs Capitalized Subsequent to Acquisition
Land, Building & Improvements	3,280
Gross Amount
Land & Improvements	3,158
Buildings & Improvements	41,561
Total	44,719
Accumulated Depreciation	$ 5,445
Marriott Denver Airport @ Gateway Park [Member] \| Minimum [Member]
Gross Amount
Depreciation Life	15 years
Marriott Denver Airport @ Gateway Park [Member] \| Maximum [Member]
Gross Amount
Depreciation Life	40 years
Embassy Suites West Palm Beach Central [Member]
Real Estate and Accumulated Depreciation
Debt	$ 0
Initial Costs
Land & Improvements	3,656
Building & Improvements	9,614
Costs Capitalized Subsequent to Acquisition
Land, Building & Improvements	5,346
Gross Amount
Land & Improvements	3,770
Buildings & Improvements	14,846
Total	18,616
Accumulated Depreciation	$ 2,600
Embassy Suites West Palm Beach Central [Member] \| Minimum [Member]
Gross Amount
Depreciation Life	15 years
Embassy Suites West Palm Beach Central [Member] \| Maximum [Member]
Gross Amount
Depreciation Life	40 years
Hilton Garden Inn Durham Raleigh Research Triangle Park [Member]
Real Estate and Accumulated Depreciation
Debt	$ 0
Initial Costs
Land & Improvements	1,751
Building & Improvements	4,763
Costs Capitalized Subsequent to Acquisition
Land, Building & Improvements	5,328
Gross Amount
Land & Improvements	1,870
Buildings & Improvements	9,972
Total	11,842
Accumulated Depreciation	$ 2,076
Hilton Garden Inn Durham Raleigh Research Triangle Park [Member] \| Minimum [Member]
Gross Amount
Depreciation Life	15 years
Hilton Garden Inn Durham Raleigh Research Triangle Park [Member] \| Maximum [Member]
Gross Amount
Depreciation Life	40 years
Hilton Garden Inn Pittsburgh University Place [Member]
Real Estate and Accumulated Depreciation
Debt	$ 0
Initial Costs
Land & Improvements	1,975
Building & Improvements	18,490
Costs Capitalized Subsequent to Acquisition
Land, Building & Improvements	7,005
Gross Amount
Land & Improvements	2,033
Buildings & Improvements	25,437
Total	27,470
Accumulated Depreciation	$ 3,998
Hilton Garden Inn Pittsburgh University Place [Member] \| Minimum [Member]
Gross Amount
Depreciation Life	15 years
Hilton Garden Inn Pittsburgh University Place [Member] \| Maximum [Member]
Gross Amount
Depreciation Life	40 years
Hampton Inn Houston Near the Galleria [Member]
Real Estate and Accumulated Depreciation
Debt	$ 0
Initial Costs
Land & Improvements	9,326
Building & Improvements	9,220
Costs Capitalized Subsequent to Acquisition
Land, Building & Improvements	1,630
Gross Amount
Land & Improvements	9,395
Buildings & Improvements	10,781
Total	20,176
Accumulated Depreciation	$ 1,480
Hampton Inn Houston Near the Galleria [Member] \| Minimum [Member]
Gross Amount
Depreciation Life	15 years
Hampton Inn Houston Near the Galleria [Member] \| Maximum [Member]
Gross Amount
Depreciation Life	40 years
Courtyard Charleston Historic District [Member]
Real Estate and Accumulated Depreciation
Debt	$ 0
Initial Costs
Land & Improvements	2,714
Building & Improvements	35,828
Costs Capitalized Subsequent to Acquisition
Land, Building & Improvements	774
Gross Amount
Land & Improvements	2,736
Buildings & Improvements	36,580
Total	39,316
Accumulated Depreciation	$ 3,926
Courtyard Charleston Historic District [Member] \| Minimum [Member]
Gross Amount
Depreciation Life	15 years
Courtyard Charleston Historic District [Member] \| Maximum [Member]
Gross Amount
Depreciation Life	40 years
Residence Inn Bethesda Downtown [Member]
Real Estate and Accumulated Depreciation
Debt	$ 34,825
Initial Costs
Land & Improvements	8,154
Building & Improvements	52,750
Costs Capitalized Subsequent to Acquisition
Land, Building & Improvements	3,010
Gross Amount
Land & Improvements	8,273
Buildings & Improvements	55,641
Total	63,914
Accumulated Depreciation	$ 5,104
Residence Inn Bethesda Downtown [Member] \| Minimum [Member]
Gross Amount
Depreciation Life	15 years
Residence Inn Bethesda Downtown [Member] \| Maximum [Member]
Gross Amount
Depreciation Life	40 years
Courtyard New York Manhattan Upper East Side [Member]
Real Estate and Accumulated Depreciation
Debt	$ 0
Initial Costs
Land & Improvements	20,654
Building & Improvements	60,223
Costs Capitalized Subsequent to Acquisition
Land, Building & Improvements	3,516
Gross Amount
Land & Improvements	20,709
Buildings & Improvements	63,684
Total	84,393
Accumulated Depreciation	$ 5,998
Courtyard New York Manhattan Upper East Side [Member] \| Minimum [Member]
Gross Amount
Depreciation Life	15 years
Courtyard New York Manhattan Upper East Side [Member] \| Maximum [Member]
Gross Amount
Depreciation Life	40 years
Hilton Garden Inn San Francisco Oakland Bay Brg [Member]
Real Estate and Accumulated Depreciation
Debt	$ 0
Initial Costs
Land & Improvements	11,902
Building & Improvements	22,758
Costs Capitalized Subsequent to Acquisition
Land, Building & Improvements	1,787
Gross Amount
Land & Improvements	11,947
Buildings & Improvements	24,500
Total	36,447
Accumulated Depreciation	$ 2,351
Hilton Garden Inn San Francisco Oakland Bay Brg [Member] \| Minimum [Member]
Gross Amount
Depreciation Life	15 years
Hilton Garden Inn San Francisco Oakland Bay Brg [Member] \| Maximum [Member]
Gross Amount
Depreciation Life	40 years
Embassy Suites Boston Waltham [Member]
Real Estate and Accumulated Depreciation
Debt	$ 0
Initial Costs
Land & Improvements	6,268
Building & Improvements	56,025
Costs Capitalized Subsequent to Acquisition
Land, Building & Improvements	2,906
Gross Amount
Land & Improvements	6,315
Buildings & Improvements	58,884
Total	65,199
Accumulated Depreciation	$ 4,991
Embassy Suites Boston Waltham [Member] \| Minimum [Member]
Gross Amount
Depreciation Life	15 years
Embassy Suites Boston Waltham [Member] \| Maximum [Member]
Gross Amount
Depreciation Life	40 years
Courtyard Houston Downtown Convention Center [Member]
Real Estate and Accumulated Depreciation
Debt	$ 0
Initial Costs
Land & Improvements	5,799
Building & Improvements	28,954
Costs Capitalized Subsequent to Acquisition
Land, Building & Improvements	2,865
Gross Amount
Land & Improvements	5,799
Buildings & Improvements	31,819
Total	37,618
Accumulated Depreciation	$ 2,267
Courtyard Houston Downtown Convention Center [Member] \| Minimum [Member]
Gross Amount
Depreciation Life	15 years
Courtyard Houston Downtown Convention Center [Member] \| Maximum [Member]
Gross Amount
Depreciation Life	40 years
Residence Inn Houston Downtown Convention Center [Member]
Real Estate and Accumulated Depreciation
Debt	$ 0
Initial Costs
Land & Improvements	4,674
Building & Improvements	24,913
Costs Capitalized Subsequent to Acquisition
Land, Building & Improvements	2,752
Gross Amount
Land & Improvements	4,674
Buildings & Improvements	27,665
Total	32,339
Accumulated Depreciation	$ 1,944
Residence Inn Houston Downtown Convention Center [Member] \| Minimum [Member]
Gross Amount
Depreciation Life	15 years
Residence Inn Houston Downtown Convention Center [Member] \| Maximum [Member]
Gross Amount
Depreciation Life	40 years
SpringHill Suites Houston Downtown Convention Center [Member]
Real Estate and Accumulated Depreciation
Debt	$ 0
Initial Costs
Land & Improvements	2,382
Building & Improvements	12,756
Costs Capitalized Subsequent to Acquisition
Land, Building & Improvements	15,173
Gross Amount
Land & Improvements	2,458
Buildings & Improvements	27,853
Total	30,311
Accumulated Depreciation	$ 764
SpringHill Suites Houston Downtown Convention Center [Member] \| Minimum [Member]
Gross Amount
Depreciation Life	15 years
SpringHill Suites Houston Downtown Convention Center [Member] \| Maximum [Member]
Gross Amount
Depreciation Life	40 years
Courtyard Waikiki Beach [Member]
Real Estate and Accumulated Depreciation
Debt	$ 0
Initial Costs
Land & Improvements	557
Building & Improvements	79,033
Costs Capitalized Subsequent to Acquisition
Land, Building & Improvements	8,893
Gross Amount
Land & Improvements	665
Buildings & Improvements	87,818
Total	88,483
Accumulated Depreciation	$ 5,384
Courtyard Waikiki Beach [Member] \| Minimum [Member]
Gross Amount
Depreciation Life	15 years
Courtyard Waikiki Beach [Member] \| Maximum [Member]
Gross Amount
Depreciation Life	40 years
Courtyard San Francisco [Member]
Real Estate and Accumulated Depreciation
Debt	$ 0
Initial Costs
Land & Improvements	11,277
Building & Improvements	18,198
Costs Capitalized Subsequent to Acquisition
Land, Building & Improvements	26,855
Gross Amount
Land & Improvements	11,290
Buildings & Improvements	45,040
Total	56,330
Accumulated Depreciation	$ 631
Courtyard San Francisco [Member] \| Minimum [Member]
Gross Amount
Depreciation Life	15 years
Courtyard San Francisco [Member] \| Maximum [Member]
Gross Amount
Depreciation Life	40 years
Residence Inn Atlanta Midtown Historic [Member]
Real Estate and Accumulated Depreciation
Debt	$ 0
Initial Costs
Land & Improvements	2,812
Building & Improvements	6,044
Costs Capitalized Subsequent to Acquisition
Land, Building & Improvements	6,683
Gross Amount
Land & Improvements	2,939
Buildings & Improvements	12,600
Total	15,539
Accumulated Depreciation	$ 563
Residence Inn Atlanta Midtown Historic [Member] \| Minimum [Member]
Gross Amount
Depreciation Life	15 years
Residence Inn Atlanta Midtown Historic [Member] \| Maximum [Member]
Gross Amount
Depreciation Life	40 years
SpringHill Suites Portland Hillsboro [Member]
Real Estate and Accumulated Depreciation
Debt	$ 0
Initial Costs
Land & Improvements	3,488
Building & Improvements	18,283
Costs Capitalized Subsequent to Acquisition
Land, Building & Improvements	46
Gross Amount
Land & Improvements	3,489
Buildings & Improvements	18,328
Total	21,817
Accumulated Depreciation	$ 1,116
SpringHill Suites Portland Hillsboro [Member] \| Minimum [Member]
Gross Amount
Depreciation Life	15 years
SpringHill Suites Portland Hillsboro [Member] \| Maximum [Member]
Gross Amount
Depreciation Life	40 years
Hilton Cabana Miami Beach [Member]
Real Estate and Accumulated Depreciation
Debt	$ 0
Initial Costs
Land & Improvements	25,083
Building & Improvements	40,707
Costs Capitalized Subsequent to Acquisition
Land, Building & Improvements	1,439
Gross Amount
Land & Improvements	25,119
Buildings & Improvements	42,110
Total	67,229
Accumulated Depreciation	$ 1,724
Hilton Cabana Miami Beach [Member] \| Minimum [Member]
Gross Amount
Depreciation Life	15 years
Hilton Cabana Miami Beach [Member] \| Maximum [Member]
Gross Amount
Depreciation Life	40 years
Hyatt House Charlotte Center City [Member]
Real Estate and Accumulated Depreciation
Debt	$ 0
Initial Costs
Land & Improvements	3,029
Building & Improvements	26,193
Costs Capitalized Subsequent to Acquisition
Land, Building & Improvements	18
Gross Amount
Land & Improvements	3,029
Buildings & Improvements	26,211
Total	29,240
Accumulated Depreciation	$ 1,212
Hyatt House Charlotte Center City [Member] \| Minimum [Member]
Gross Amount
Depreciation Life	15 years
Hyatt House Charlotte Center City [Member] \| Maximum [Member]
Gross Amount
Depreciation Life	40 years
Hyatt House Cypress Anaheim [Member]
Real Estate and Accumulated Depreciation
Debt	$ 0
Initial Costs
Land & Improvements	3,995
Building & Improvements	9,164
Costs Capitalized Subsequent to Acquisition
Land, Building & Improvements	3,805
Gross Amount
Land & Improvements	4,350
Buildings & Improvements	12,614
Total	16,964
Accumulated Depreciation	$ 682
Hyatt House Cypress Anaheim [Member] \| Minimum [Member]
Gross Amount
Depreciation Life	15 years
Hyatt House Cypress Anaheim [Member] \| Maximum [Member]
Gross Amount
Depreciation Life	40 years
Hyatt House Emeryville San Francisco Bay Area [Member]
Real Estate and Accumulated Depreciation
Debt	$ 0
Initial Costs
Land & Improvements	7,425
Building & Improvements	29,137
Costs Capitalized Subsequent to Acquisition
Land, Building & Improvements	5,095
Gross Amount
Land & Improvements	7,488
Buildings & Improvements	34,169
Total	41,657
Accumulated Depreciation	$ 1,705
Hyatt House Emeryville San Francisco Bay Area [Member] \| Minimum [Member]
Gross Amount
Depreciation Life	15 years
Hyatt House Emeryville San Francisco Bay Area [Member] \| Maximum [Member]
Gross Amount
Depreciation Life	40 years
Hyatt House San Diego Sorrento Mesa [Member]
Real Estate and Accumulated Depreciation
Debt	$ 0
Initial Costs
Land & Improvements	10,419
Building & Improvements	21,289
Costs Capitalized Subsequent to Acquisition
Land, Building & Improvements	1,174
Gross Amount
Land & Improvements	10,530
Buildings & Improvements	22,352
Total	32,882
Accumulated Depreciation	$ 1,123
Hyatt House San Diego Sorrento Mesa [Member] \| Minimum [Member]
Gross Amount
Depreciation Life	15 years
Hyatt House San Diego Sorrento Mesa [Member] \| Maximum [Member]
Gross Amount
Depreciation Life	40 years
Hyatt House San Jose Silicon Valley [Member]
Real Estate and Accumulated Depreciation
Debt	$ 0
Initial Costs
Land & Improvements	6,819
Building & Improvements	31,682
Costs Capitalized Subsequent to Acquisition
Land, Building & Improvements	1
Gross Amount
Land & Improvements	6,820
Buildings & Improvements	31,682
Total	38,502
Accumulated Depreciation	$ 1,471
Hyatt House San Jose Silicon Valley [Member] \| Minimum [Member]
Gross Amount
Depreciation Life	15 years
Hyatt House San Jose Silicon Valley [Member] \| Maximum [Member]
Gross Amount
Depreciation Life	40 years
Hyatt House San Ramon [Member]
Real Estate and Accumulated Depreciation
Debt	$ 0
Initial Costs
Land & Improvements	5,713
Building & Improvements	11,852
Costs Capitalized Subsequent to Acquisition
Land, Building & Improvements	911
Gross Amount
Land & Improvements	5,717
Buildings & Improvements	12,759
Total	18,476
Accumulated Depreciation	$ 656
Hyatt House San Ramon [Member] \| Minimum [Member]
Gross Amount
Depreciation Life	15 years
Hyatt House San Ramon [Member] \| Maximum [Member]
Gross Amount
Depreciation Life	40 years
Hyatt House Santa Clara [Member]
Real Estate and Accumulated Depreciation
Debt	$ 0
Initial Costs
Land & Improvements	8,044
Building & Improvements	27,703
Costs Capitalized Subsequent to Acquisition
Land, Building & Improvements	1,410
Gross Amount
Land & Improvements	8,044
Buildings & Improvements	29,113
Total	37,157
Accumulated Depreciation	$ 1,347
Hyatt House Santa Clara [Member] \| Minimum [Member]
Gross Amount
Depreciation Life	15 years
Hyatt House Santa Clara [Member] \| Maximum [Member]
Gross Amount
Depreciation Life	40 years
Hyatt Market Street The Woodlands [Member]
Real Estate and Accumulated Depreciation
Debt	$ 0
Initial Costs
Land & Improvements	5,950
Building & Improvements	16,882
Costs Capitalized Subsequent to Acquisition
Land, Building & Improvements	2
Gross Amount
Land & Improvements	5,951
Buildings & Improvements	16,883
Total	22,834
Accumulated Depreciation	$ 795
Hyatt Market Street The Woodlands [Member] \| Minimum [Member]
Gross Amount
Depreciation Life	15 years
Hyatt Market Street The Woodlands [Member] \| Maximum [Member]
Gross Amount
Depreciation Life	40 years
Hyatt Place Fremont Silicon Valley [Member]
Real Estate and Accumulated Depreciation
Debt	$ 0
Initial Costs
Land & Improvements	6,208
Building & Improvements	13,730
Costs Capitalized Subsequent to Acquisition
Land, Building & Improvements	976
Gross Amount
Land & Improvements	6,209
Buildings & Improvements	14,705
Total	20,914
Accumulated Depreciation	$ 746
Hyatt Place Fremont Silicon Valley [Member] \| Minimum [Member]
Gross Amount
Depreciation Life	15 years
Hyatt Place Fremont Silicon Valley [Member] \| Maximum [Member]
Gross Amount
Depreciation Life	40 years
Hyatt Place Madison Downtown [Member]
Real Estate and Accumulated Depreciation
Debt	$ 0
Initial Costs
Land & Improvements	6,701
Building & Improvements	25,478
Costs Capitalized Subsequent to Acquisition
Land, Building & Improvements	0
Gross Amount
Land & Improvements	6,701
Buildings & Improvements	25,478
Total	32,179
Accumulated Depreciation	$ 1,171
Hyatt Place Madison Downtown [Member] \| Minimum [Member]
Gross Amount
Depreciation Life	15 years
Hyatt Place Madison Downtown [Member] \| Maximum [Member]
Gross Amount
Depreciation Life	40 years
Embassy Suites Irvine Orange County [Member]
Real Estate and Accumulated Depreciation
Debt	$ 0
Initial Costs
Land & Improvements	15,062
Building & Improvements	33,048
Costs Capitalized Subsequent to Acquisition
Land, Building & Improvements	2,546
Gross Amount
Land & Improvements	15,073
Buildings & Improvements	35,583
Total	50,656
Accumulated Depreciation	$ 1,478
Embassy Suites Irvine Orange County [Member] \| Minimum [Member]
Gross Amount
Depreciation Life	15 years
Embassy Suites Irvine Orange County [Member] \| Maximum [Member]
Gross Amount
Depreciation Life	40 years
Courtyard Portland City Center [Member]
Real Estate and Accumulated Depreciation
Debt	$ 0
Initial Costs
Land & Improvements	8,019
Building & Improvements	53,024
Costs Capitalized Subsequent to Acquisition
Land, Building & Improvements	431
Gross Amount
Land & Improvements	8,019
Buildings & Improvements	53,455
Total	61,474
Accumulated Depreciation	$ 2,214
Courtyard Portland City Center [Member] \| Minimum [Member]
Gross Amount
Depreciation Life	15 years
Courtyard Portland City Center [Member] \| Maximum [Member]
Gross Amount
Depreciation Life	40 years
Hyatt Atlanta Midtown [Member]
Real Estate and Accumulated Depreciation
Debt	$ 0
Initial Costs
Land & Improvements	3,737
Building & Improvements	41,731
Costs Capitalized Subsequent to Acquisition
Land, Building & Improvements	9
Gross Amount
Land & Improvements	3,737
Buildings & Improvements	41,740
Total	45,477
Accumulated Depreciation	$ 1,588
Hyatt Atlanta Midtown [Member] \| Minimum [Member]
Gross Amount
Depreciation Life	15 years
Hyatt Atlanta Midtown [Member] \| Maximum [Member]
Gross Amount
Depreciation Life	40 years
DoubleTree Grand Key Resort [Member]
Real Estate and Accumulated Depreciation
Debt	$ 0
Initial Costs
Land & Improvements	48,192
Building & Improvements	27,770
Costs Capitalized Subsequent to Acquisition
Land, Building & Improvements	3,830
Gross Amount
Land & Improvements	48,193
Buildings & Improvements	31,599
Total	79,792
Accumulated Depreciation	$ 1,086
DoubleTree Grand Key Resort [Member] \| Minimum [Member]
Gross Amount
Depreciation Life	15 years
DoubleTree Grand Key Resort [Member] \| Maximum [Member]
Gross Amount
Depreciation Life	40 years
Hyatt Place Washington DC Downtown K Street [Member]
Real Estate and Accumulated Depreciation
Debt	$ 0
Initial Costs
Land & Improvements	10,763
Building & Improvements	55,225
Costs Capitalized Subsequent to Acquisition
Land, Building & Improvements	0
Gross Amount
Land & Improvements	10,763
Buildings & Improvements	55,225
Total	65,988
Accumulated Depreciation	$ 690
Hyatt Place Washington DC Downtown K Street [Member] \| Minimum [Member]
Gross Amount
Depreciation Life	15 years
Hyatt Place Washington DC Downtown K Street [Member] \| Maximum [Member]
Gross Amount
Depreciation Life	40 years
Homewood Suites Seattle Lynnwood [Member]
Real Estate and Accumulated Depreciation
Debt	$ 0
Initial Costs
Land & Improvements	3,933
Building & Improvements	30,949
Costs Capitalized Subsequent to Acquisition
Land, Building & Improvements	0
Gross Amount
Land & Improvements	3,933
Buildings & Improvements	30,949
Total	34,882
Accumulated Depreciation	$ 401
Homewood Suites Seattle Lynnwood [Member] \| Minimum [Member]
Gross Amount
Depreciation Life	15 years
Homewood Suites Seattle Lynnwood [Member] \| Maximum [Member]
Gross Amount
Depreciation Life	40 years
Residence Inn Palo Alto Los Altos [Member]
Real Estate and Accumulated Depreciation
Debt	$ 34,505
Initial Costs
Land & Improvements	16,996
Building & Improvements	45,786
Costs Capitalized Subsequent to Acquisition
Land, Building & Improvements	0
Gross Amount
Land & Improvements	16,996
Buildings & Improvements	45,786
Total	62,782
Accumulated Depreciation	$ 408
Residence Inn Palo Alto Los Altos [Member] \| Minimum [Member]
Gross Amount
Depreciation Life	15 years
Residence Inn Palo Alto Los Altos [Member] \| Maximum [Member]
Gross Amount
Depreciation Life	40 years

Schedule III - Real Estate and Accumulated Depreciation - Reconciliation (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Reconciliation of Land and Buildings and Improvements
Balance at beginning of period	$ 3,711,887	$ 3,461,251	$ 3,218,610
Add: Acquisitions	163,652	573,936	219,169
Add: Improvements	84,615	59,485	30,309
Less: Disposition of properties	(16,738)	(142,581)	(6,837)
Less: Impairment loss	(1,003)	(9,200)	0
Less: Land, building and improvements of hotels held for sale	0	(231,004)	0
Balance at end of period	3,942,413	3,711,887	3,461,251
Reconciliation of Accumulated Depreciation
Balance at beginning of period	(382,266)	(367,306)	(295,397)
Add: Depreciation for the period	(85,062)	(81,892)	(73,556)
Less: Disposition of properties	2,637	24,383	1,647
Less: Accumulated depreciation of hotels held for sale	0	42,549	0
Balance at end of period	$ (464,691)	$ (382,266)	$ (367,306)