Apple Hospitality REIT (APLE) 10-Q 7 May 18 2018 Q1 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - shares	3 Months Ended
	Mar. 31, 2018	May 01, 2018
Document and Entity Information [Abstract]
Entity Registrant Name	Apple Hospitality REIT, Inc.
Document Type	10-Q
Current Fiscal Year End Date	--12-31
Entity Common Stock, Shares Outstanding		230,339,578
Amendment Flag	false
Entity Central Index Key	1,418,121
Entity Current Reporting Status	Yes
Entity Voluntary Filers	No
Entity Filer Category	Large Accelerated Filer
Entity Well-known Seasoned Issuer	Yes
Document Period End Date	Mar. 31, 2018
Document Fiscal Year Focus	2,018
Document Fiscal Period Focus	Q1

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Thousands	Mar. 31, 2018	Dec. 31, 2017
Assets
Investment in real estate, net of accumulated depreciation of $775,894 and $731,284, respectively	$ 4,829,776	$ 4,793,159
Restricted cash-furniture, fixtures and other escrows	31,438	29,791
Due from third party managers, net	57,240	31,457
Other assets, net	54,917	47,931
Total Assets	4,973,371	4,902,338
Liabilities
Revolving credit facility	170,700	106,900
Term loans	656,569	656,279
Mortgage debt	500,189	459,017
Accounts payable and other liabilities	89,439	109,057
Total Liabilities	1,416,897	1,331,253
Shareholders’ Equity
Preferred stock, authorized 30,000,000 shares; none issued and outstanding	0	0
Common stock, no par value, authorized 800,000,000 shares; issued and outstanding 230,339,578 and 229,961,548 shares, respectively	4,594,247	4,588,188
Accumulated other comprehensive income	16,070	9,778
Distributions greater than net income	(1,053,843)	(1,026,881)
Total Shareholders’ Equity	3,556,474	3,571,085
Total Liabilities and Shareholders’ Equity	$ 4,973,371	$ 4,902,338

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parentheticals) - USD ($) $ in Thousands	Mar. 31, 2018	Dec. 31, 2017
Investment in real estate accumulated depreciation (in Dollars)	$ 775,894	$ 731,284
Preferred stock, shares authorized	30,000,000	30,000,000
Preferred stock, shares issued	0	0
Preferred stock, shares outstanding	0	0
Common stock, shares authorized	800,000,000	800,000,000
Common stock, shares issued	230,339,578	229,961,548
Common stock, shares outstanding	230,339,578	229,961,548

Consolidated Statements of Oper

Consolidated Statements of Operations and Comprehensive Income - USD ($) shares in Thousands, $ in Thousands	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
Revenues:
Room	$ 274,836	$ 269,393
Other	23,553	23,532
Total revenue	298,389	292,925
Expenses:
Operating	75,954	75,154
Hotel administrative	25,102	24,836
Sales and marketing	25,332	24,109
Utilities	10,283	9,753
Repair and maintenance	12,453	11,916
Franchise fees	12,733	12,474
Management fees	10,472	10,212
Property taxes, insurance and other	17,229	16,927
Ground lease	2,850	2,816
General and administrative	6,877	6,754
Loss on impairment of depreciable real estate assets	0	7,875
Depreciation	44,840	43,767
Total expenses	244,125	246,593
Operating income	54,264	46,332
Interest and other expense, net	(11,919)	(11,717)
Income before income taxes	42,345	34,615
Income tax expense	(163)	(250)
Net income	42,182	34,365
Other comprehensive income:
Interest rate derivatives	6,292	1,545
Comprehensive income	$ 48,474	$ 35,910
Basic and diluted net income per common share (in Dollars per share)	$ 0.18	$ 0.15
Weighted average common shares outstanding - basic and diluted (in Shares)	230,515	223,047

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
Cash flows from operating activities:
Net income	$ 42,182	$ 34,365
Adjustments to reconcile net income to cash provided by operating activities:
Depreciation	44,840	43,767
Loss on impairment of depreciable real estate assets	0	7,875
Other non-cash expenses, net	1,992	1,849
Changes in operating assets and liabilities:
Increase in due from third party managers, net	(25,920)	(26,222)
Decrease (increase) in other assets, net	(2,485)	9,345
Decrease in accounts payable and other liabilities	(7,746)	(34,814)
Net cash provided by operating activities	52,863	36,165
Cash flows from investing activities:
Acquisition of hotel properties, net	(61,614)	(18,131)
Deposits and other disbursements for potential acquisitions	(204)	0
Capital improvements	(24,672)	(17,461)
Net cash used in investing activities	(86,490)	(35,592)
Cash flows from financing activities:
Net proceeds related to issuance of common shares	4,731	0
Repurchases of common shares	(4,304)	0
Repurchases of common shares to satisfy employee withholding requirements	(876)	(432)
Distributions paid to common shareholders	(69,144)	(66,908)
Net proceeds from revolving credit facility	63,800	96,600
Proceeds from mortgage debt	44,000	0
Payments of mortgage debt	(2,933)	(31,949)
Net cash provided by (used in) financing activities	35,274	(2,689)
Net change in cash, cash equivalents and restricted cash	1,647	(2,116)
Cash, cash equivalents and restricted cash, beginning of period	29,791	29,425
Cash, cash equivalents and restricted cash, end of period	31,438	27,309
Supplemental cash flow information:
Interest paid	11,760	11,855
Supplemental disclosure of noncash investing and financing activities:
Accrued distribution to common shareholders	23,020	22,301
Reconciliation of cash, cash equivalents and restricted cash:
Cash and cash equivalents, beginning of period	0	0
Restricted cash-furniture, fixtures and other escrows, beginning of period	29,791	29,425
Cash, cash equivalents and restricted cash, beginning of period	29,791	29,425
Cash and cash equivalents, end of period	0	0
Restricted cash-furniture, fixtures and other escrows, end of period	31,438	27,309
Cash, cash equivalents and restricted cash, end of period	$ 31,438	$ 27,309

Organization and Summary of Sig

Organization and Summary of Significant Accounting Policies	3 Months Ended
	Mar. 31, 2018
Accounting Policies [Abstract]
Organization, Consolidation, Basis of Presentation, Business Description and Accounting Policies [Text Block]	1. Organization and Summary of Significant Accounting Policies Organization Apple Hospitality REIT, Inc., together with its wholly-owned subsidiaries (the “Company”), is a Virginia corporation that has elected to be treated as a real estate investment trust (“REIT”) for federal income tax purposes. The Company is a self-advised REIT that invests in income-producing real estate, primarily in the lodging sector, in the United States. The Company’s fiscal year end is December 31. The Company has no foreign operations or assets and its operating structure includes only one reportable segment. The consolidated financial statements include the accounts of the Company and its subsidiaries. All intercompany accounts and transactions have been eliminated. Although the Company has interests in potential variable interest entities through its purchase commitments, it is not the primary beneficiary as the Company does not have any elements of power in the decision making process of these entities, and therefore does not consolidate the entities. As of March 31, 2018, the Company owned 241 hotels with an aggregate of 30,585 rooms located in 34 states. The Company’s common shares are listed on the New York Stock Exchange (“NYSE”) under the ticker symbol “APLE.” Basis of Presentation The accompanying unaudited consolidated financial statements have been prepared in accordance with the rules and regulations for reporting on Form 10-Q. Accordingly, they do not include all of the information required by United States generally accepted accounting principles (“GAAP”) for complete financial statements. In the opinion of management, all adjustments (consisting of normal recurring accruals) considered necessary for a fair presentation have been included. These unaudited financial statements should be read in conjunction with the Company’s audited consolidated financial statements included in its Annual Report on Form 10-K for the year ended December 31, 2017 (the “2017 Form 10-K”). Operating results for the three months ended March 31, 2018 are not necessarily indicative of the results that may be expected for the twelve month period ending December 31, 2018. Use of Estimates The preparation of the financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the amounts reported in the consolidated financial statements and accompanying notes. Actual results could differ from those estimates. Net Income Per Common Share Basic net income per common share is computed based upon the weighted average number of shares outstanding during the period. Diluted net income per common share is calculated after giving effect to all potential common shares that were dilutive and outstanding for the period. Basic and diluted net income per common share were the same for each of the periods presented. Accounting Standards Recently Adopted In May 2014, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) No. 2014-09, Revenue from Contracts with Customers (Topic 606) Three Months Ended March 31, 2018 2017 Revenues: Room $ 274,836 $ 269,393 Food and beverage 15,710 16,733 Other 7,843 6,799 Total revenue $ 298,389 $ 292,925 In August 2016, the FASB issued ASU No. 2016-15, Statement of Cash Flows (Topic 230), Classification of Certain Cash Receipts and Cash Payments In November 2016, the FASB issued ASU No. 2016-18, Statement of Cash Flows (Topic 230), Restricted Cash In February 2017, the FASB issued ASU No. 2017-05, Other Income—Gains and Losses from the Derecognition of Nonfinancial Assets (Subtopic 610-20), Clarifying the Scope of Asset Derecognition Guidance and Accounting for Partial Sales of Nonfinancial Assets Accounting Standards Codification (“ASC”) did not have a material impact on the Company’s consolidated financial statements and related disclosures. In August 2017, the FASB issued ASU No. 2017-12, Derivatives and Hedging (Topic 815), Targeted Improvements to Accounting for Hedging Activities adoption of this standard did not have a material impact on the Company’s consolidated financial statements and related disclosures.

Investment in Real Estate

Investment in Real Estate	3 Months Ended
	Mar. 31, 2018
Real Estate [Abstract]
Real Estate Disclosure [Text Block]	2. Investment in Real Estate The Company’s investment in real estate consisted of the following (in thousands): March 31, December 31, 2018 2017 Land $ 730,763 $ 720,465 Building and Improvements 4,425,158 4,362,929 Furniture, Fixtures and Equipment 437,084 428,734 Franchise Fees 12,665 12,315 5,605,670 5,524,443 Less Accumulated Depreciation (775,894 ) (731,284 ) Investment in Real Estate, net $ 4,829,776 $ 4,793,159 As of March 31, 2018, the Company owned 241 hotels with an aggregate of 30,585 rooms located in 34 states. The Company leases all of its hotels to its wholly-owned taxable REIT subsidiary (or a subsidiary thereof) under master hotel lease agreements. Acquisitions The Company acquired two hotels during the first three months of 2018. The following table sets forth the location, brand, manager, date acquired, number of rooms and gross purchase price for each hotel. All dollar amounts are in thousands. City State Brand Manager Date Acquired Rooms Gross Purchase Price (a) Atlanta GA Hampton McKibbon 2/5/2018 119 $ 24,000 Memphis TN Hampton Crestline 2/5/2018 144 39,000 263 $ 63,000 (a) The gross purchase price excludes transaction costs. During the year ended December 31, 2017, the Company acquired six hotels including one in the first quarter of 2017. The following table sets forth the location, brand, manager, date acquired, number of rooms and gross purchase price for each hotel. All dollar amounts are in thousands. City State Brand Manager Date Acquired Rooms Gross Purchase Price (a) Fort Worth TX Courtyard LBA 2/2/2017 124 $ 18,034 Birmingham (b) AL Hilton Garden Inn LBA 9/12/2017 104 19,162 Birmingham (b) AL Home2 Suites LBA 9/12/2017 106 19,276 Portland ME Residence Inn Pyramid 10/13/2017 179 55,750 Salt Lake City UT Residence Inn Huntington 10/20/2017 136 25,500 Anchorage AK Home2 Suites Stonebridge 12/1/2017 135 24,048 784 $ 161,770 (a) The gross purchase price excludes transaction costs. (b) The Hilton Garden Inn and Home2 Suites hotels in Birmingham, AL are part of an adjoining two-hotel complex located on the same site. The Company used borrowings under its $540 million revolving credit facility (the “revolving credit facility”) to purchase each of these hotels. The acquisitions of these hotel properties were accounted for as an acquisition of a group of assets, with costs incurred to effect the acquisition, which were not significant, capitalized as part of the cost of the assets acquired. For the two hotels acquired during the three months ended March 31, 2018, the amount of revenue and operating income For the hotel acquired during the three months ended March 31, 2017, the amount of revenue and operating income Hotel Contract Commitments As of March 31, 2018, the Company had outstanding contracts for the potential purchase of two additional hotels, which were under construction, for a total purchase price of approximately $65.0 million. The Phoenix Hampton Inn & Suites was acquired on May 2, 2018, the same day the hotel opened for business. It is anticipated that the construction of the Orlando Home2 Suites will be completed and opened for business during the fourth quarter of 2018, at which time a closing on this hotel is expected to occur. Although the Company is working towards acquiring this hotel, there are many conditions to closing that have not yet been satisfied and there can be no assurance that a closing on this hotel will occur under the outstanding purchase contract. The following table summarizes the location, brand, date of purchase contract, expected number of rooms, refundable (if the seller does not meet its obligations under the contract) contract deposits paid, and gross purchase price for each of the contracts outstanding at March 31, 2018. All dollar amounts are in thousands. Location Brand Date of Purchase Contract Rooms Refundable Deposits Gross Purchase Price Phoenix, AZ (a) Hampton 10/25/2016 210 $ 500 $ 44,300 Orlando, FL (b) Home2 Suites 1/18/2017 128 3 20,736 338 $ 503 $ 65,036 (a) Newly constructed hotel was acquired on May 2, 2018, the same day the hotel opened for business. (b) This hotel is currently under construction. The table shows the expected number of rooms upon hotel completion and the expected franchise brand. Assuming all conditions to closing are met, the purchase of this hotel is expected to close during the fourth quarter of 2018. If the seller meets all of the conditions to closing, the Company is obligated to specifically perform under the contract. As the property is under construction, at this time, the seller has not met all of the conditions to closing. The purchase of the Phoenix Hampton Inn & Suites was funded through the Company’s revolving credit facility and it is anticipated that the purchase of the Orlando Home2 Suites will be funded similarly if a closing occurs. Loss on Impairment of Depreciable Real Estate Assets During the first quarter of 2017, the Company identified two properties for potential sale and in April 2017, the Company entered into separate contracts with the same unrelated party for the sale of these properties. Due to the change in the anticipated hold period for each of these hotels, the Company reviewed the estimated undiscounted cash flows generated by each property and determined that, for each hotel, the undiscounted cash flows were less than its carrying value; therefore the Company recognized an impairment loss of approximately $7.9 million in the first quarter of 2017 to adjust the bases of these properties to their estimated fair values, which were based on the then contracted sale price, net of estimated selling costs, a Level 1 input under the fair value hierarchy. In May 2017, both of these contracts were terminated.

Debt

Debt	3 Months Ended
	Mar. 31, 2018
Debt Disclosure [Abstract]
Debt Disclosure [Text Block]	3. Debt $965 Million Credit Facility The Company utilizes an unsecured “$965 million credit facility” comprised of (i) a $540 million revolving credit facility with an initial maturity date of May 18, 2019 and (ii) a $425 million term loan facility with a maturity date of May 18, 2020, consisting of three term loans, all funded during 2015 (the “$425 million term loans”). Subject to certain conditions including covenant compliance and additional fees, the revolving credit facility maturity date may be extended one year. The Company may make voluntary prepayments in whole or in part, at any time. Interest payments on the $965 million credit facility are due monthly and the interest rate, subject to certain exceptions, is equal to an annual rate of the one-month LIBOR (the London Inter-Bank Offered Rate for a one-month term) plus a margin ranging from 1.50% to 2.30%, depending upon the Company’s leverage ratio, as calculated under the terms of the credit agreement. The Company is also required to pay quarterly an unused facility fee at an annual rate of 0.20% or 0.30% on the unused portion of the revolving credit facility, based on the amount of borrowings outstanding during the quarter. $150 Million Term Loan Facility On April 8, 2016, the Company entered into an unsecured $150 million term loan facility with a syndicate of commercial banks (the “$150 million term loan facility”), consisting of a $50 million term loan that will mature on April 8, 2021 (the “$50 million term loan”) and a $100 million term loan that will mature on April 8, 2023 (the “$100 million term loan,” and collectively with the $50 million term loan, the “$150 million term loans”). The credit agreement contains requirements and covenants similar to the Company’s $965 million credit facility. The Company may make voluntary prepayments in whole or in part, at any time, subject to certain conditions. Interest payments on the $150 million term loan facility are due monthly and the interest rate is equal to an annual rate of the one-month LIBOR plus a margin ranging from 1.45% to 2.20% for the $50 million term loan and 1.80% to 2.60% for the $100 million term loan, depending upon the Company’s leverage ratio, as calculated under the terms of the credit agreement. $85 Million Term Loan On July 25, 2017, the Company entered into an unsecured $85 million term loan with a syndicate of commercial banks, with a maturity date of July 25, 2024 (the “$85 million term loan” and, together with the $425 million term loans and the $150 million term loans, the “term loans”). The credit agreement contains requirements and covenants similar to the Company’s $965 million credit facility. The Company may make voluntary prepayments in whole or in part, at any time, subject to certain conditions. Interest payments on the $85 million term loan are due monthly and As of March 31, 2018 and December 31, 2017, the details of the Company’s revolving credit facility and term loans were as set forth below. All dollar amounts are in thousands. As of March 31, 2018 As of December 31, 2017 Maturity Date Outstanding Balance Interest Rate Outstanding Balance Interest Rate Revolving credit facility (1) 5/18/2019 $ 170,700 3.43 % (2) $ 106,900 3.11 % (2) Term loans $425 million term loans 5/18/2020 425,000 3.16 % (3) 425,000 3.09 % (3) $50 million term loan 4/8/2021 50,000 2.54 % (4) 50,000 2.54 % (4) $100 million term loan 4/8/2023 100,000 3.13 % (4) 100,000 3.13 % (4) $85 million term loan 7/25/2024 85,000 3.76 % (4) 85,000 3.76 % (4) Total term loans at stated value 660,000 660,000 Unamortized debt issuance costs (3,431 ) (3,721 ) Total term loans 656,569 656,279 Total revolving credit facility and term loans $ 827,269 $ 763,179 (1) Unamortized debt issuance costs related to the revolving credit facility totaled approximately $1.3 million and $1.7 million as of March 31, 2018 and December 31, 2017, respectively, and are included in other assets, net in the Company’s consolidated balance sheets. (2) Annual variable interest rate at the balance sheet date. (3) Effective annual interest rate at the balance sheet date which includes the effect of interest rate swaps on $322.5 million of the outstanding loan balance, resulting in an annual fixed interest rate of approximately 3.10% on this portion of the debt, subject to adjustment based on the Company’s leverage ratio, through maturity. See Note 4 for more information on the interest rate swap agreements. Remaining portion is variable rate debt. (4) Annual fixed interest rate at the balance sheet date which includes the effect of interest rate swaps on the outstanding loan balance, subject to adjustment based on the Company’s leverage ratio, through maturity. See Note 4 for more information on the interest rate swap agreements. The credit agreements governing the $965 million credit facility, the $150 million term loan facility and the $85 million term loan contain mandatory prepayment requirements, customary affirmative covenants, negative covenants and events of default. The credit agreements require that the Company comply with various covenants, which include, among others, a minimum tangible net worth, maximum debt limits, minimum interest and fixed charge coverage ratios, limits on dividend payments and share repurchases and restrictions on certain investments. The Company was in compliance with the applicable covenants at March 31, 2018. Mortgage Debt As of March 31, 2018, the Company had approximately $498.5 million in outstanding mortgage debt secured by 31 properties, with maturity dates ranging from June 2020 to January 2038, stated interest rates ranging from 3.55% to 6.25% and effective interest rates ranging from 3.55% to 4.97%. The loans generally provide for monthly payments of principal and interest on an amortized basis and defeasance or prepayment penalties if prepaid. The following table sets forth the hotel properties securing each loan, the interest rate, loan assumption or origination date, maturity date, the principal amount assumed or originated, and the outstanding balance prior to any fair value adjustments or debt issuance costs as of March 31, 2018 and December 31, 2017 for each of the Company’s debt obligations. All dollar amounts are in thousands. Location Brand Interest Rate (1) Loan Assumption or Origination Date Maturity Date Principal Assumed or Originated Outstanding balance as of March 31, 2018 Outstanding balance as of December 31, 2017 San Juan Capistrano, CA Residence Inn 4.15 % 9/1/2016 6/1/2020 $ 16,210 $ 15,687 $ 15,774 Colorado Springs, CO Hampton 6.25 % 9/1/2016 7/6/2021 7,923 7,719 7,754 Franklin, TN Courtyard 6.25 % 9/1/2016 8/6/2021 14,679 14,303 14,368 Franklin, TN Residence Inn 6.25 % 9/1/2016 8/6/2021 14,679 14,303 14,368 Grapevine, TX Hilton Garden Inn 4.89 % 8/29/2012 9/1/2022 11,810 10,334 10,412 Collegeville/Philadelphia, PA Courtyard 4.89 % 8/30/2012 9/1/2022 12,650 11,069 11,152 Hattiesburg, MS Courtyard 5.00 % 3/1/2014 9/1/2022 5,732 5,173 5,212 Rancho Bernardo/San Diego, CA Courtyard 5.00 % 3/1/2014 9/1/2022 15,060 13,591 13,692 Kirkland, WA Courtyard 5.00 % 3/1/2014 9/1/2022 12,145 10,960 11,042 Seattle, WA Residence Inn 4.96 % 3/1/2014 9/1/2022 28,269 25,496 25,687 Anchorage, AK Embassy Suites 4.97 % 9/13/2012 10/1/2022 23,230 20,408 20,560 Somerset, NJ Courtyard 4.73 % 3/1/2014 10/6/2022 8,750 7,872 7,932 Tukwila, WA Homewood Suites 4.73 % 3/1/2014 10/6/2022 9,431 8,484 8,549 Prattville, AL Courtyard 4.12 % 3/1/2014 2/6/2023 6,596 5,895 5,943 Huntsville, AL Homewood Suites 4.12 % 3/1/2014 2/6/2023 8,306 7,424 7,483 San Diego, CA Residence Inn 3.97 % 3/1/2014 3/6/2023 18,600 16,599 16,733 Miami, FL Homewood Suites 4.02 % 3/1/2014 4/1/2023 16,677 14,903 15,022 Syracuse, NY Courtyard 4.75 % 10/16/2015 8/1/2024 (2) 11,199 10,567 10,637 Syracuse, NY Residence Inn 4.75 % 10/16/2015 8/1/2024 (2) 11,199 10,567 10,637 New Orleans, LA Homewood Suites 4.36 % 7/17/2014 8/11/2024 27,000 24,747 24,919 Westford, MA Residence Inn 4.28 % 3/18/2015 4/11/2025 10,000 9,324 9,386 Denver, CO Hilton Garden Inn 4.46 % 9/1/2016 6/11/2025 34,118 32,833 33,046 Oceanside, CA Courtyard 4.28 % 9/1/2016 10/1/2025 13,655 13,269 13,332 Omaha, NE Hilton Garden Inn 4.28 % 9/1/2016 10/1/2025 22,682 22,040 22,145 Boise, ID Hampton 4.37 % 5/26/2016 6/11/2026 24,000 23,319 23,422 Burbank, CA Courtyard 3.55 % 11/3/2016 12/1/2026 25,564 24,752 24,917 San Diego, CA Courtyard 3.55 % 11/3/2016 12/1/2026 25,473 24,664 24,828 San Diego, CA Hampton 3.55 % 11/3/2016 12/1/2026 18,963 18,360 18,483 Burbank, CA SpringHill Suites 3.94 % 3/9/2018 4/1/2028 28,470 28,470 - Santa Ana, CA Courtyard 3.94 % 3/9/2018 4/1/2028 15,530 15,530 - San Jose, CA Homewood Suites 4.22 % 12/22/2017 1/1/2038 30,000 29,840 30,000 $ 528,600 498,502 457,435 Unamortized fair value adjustment of assumed debt 4,105 4,330 Unamortized debt issuance costs (2,418 ) (2,748 ) Total $ 500,189 $ 459,017 (1) Interest rates are the rates per the loan agreement. For loans assumed, the Company adjusted the interest rates per the loan agreement to market rates and is amortizing the adjustments to interest expense over the life of the loan. (2) Outstanding principal balance is callable by lender or prepayable by the Company on August 1, 2019. The aggregate amounts of principal payable under the Company’s total debt obligations (including mortgage debt, the revolving credit facility and term loans), for the five years subsequent to March 31, 2018 and thereafter are as follows (in thousands): 2018 (April - December) $ 9,730 2019 204,505 2020 453,349 2021 97,586 2022 109,252 Thereafter 454,780 1,329,202 Unamortized fair value adjustment of assumed debt 4,105 Unamortized debt issuance costs related to term loans and mortgage debt (5,849 ) Total $ 1,327,458

Fair Value of Financial Instrum

Fair Value of Financial Instruments	3 Months Ended
	Mar. 31, 2018
Fair Value Disclosures [Abstract]
Fair Value Disclosures [Text Block]	4. Fair Value of Financial Instruments Except as described below, the carrying value of the Company’s financial instruments approximates fair value due to the short-term nature of these financial instruments. Debt The Company estimates the fair value of its debt by discounting the future cash flows of each instrument at estimated market rates consistent with the maturity of a debt obligation with similar credit terms and credit characteristics, which are Level 3 inputs under the fair value hierarchy. Market rates take into consideration general market conditions and maturity. As of March 31, 2018, both the carrying value and estimated fair value of the Company’s debt were approximately $1.3 billion. As of December 31, 2017, both the carrying value and estimated fair value of the Company’s debt were approximately $1.2 billion. Both the carrying value and estimated fair value of the Company’s debt (as discussed above) is net of unamortized debt issuance costs related to term loans and mortgage debt for each specific year. Derivative Instruments Currently, the Company uses interest rate swaps to manage its interest rate risks on variable rate debt. Throughout the terms of these interest rate swaps, the Company pays a fixed rate of interest and receives a floating rate of interest equal to the one-month LIBOR. The swaps are designed to effectively fix the interest payments on variable rate debt instruments. These swap instruments are recorded at fair value and are included in other assets, net, in the Company’s consolidated balance sheets. The fair values of the Company’s interest rate swap agreements are determined using the market standard methodology of netting the discounted future fixed cash payments and the discounted expected variable cash receipts, which is considered a Level 2 measurement under the fair value hierarchy. The variable cash receipts are based on an expectation of future interest rates (forward curves) derived from observable market interest rate curves. The following table sets forth information for each of the Company’s interest rate swap agreements outstanding as of March 31, 2018 and December 31, 2017. All dollar amounts are in thousands. Fair Value Asset Notional Amount at March 31, 2018 Hedge Type Origination Date Maturity Date Swap Fixed Interest Rate March 31, 2018 December 31, 2017 Cash flow hedge $ 212,500 5/21/2015 5/18/2020 1.58 % $ 3,478 $ 2,033 Cash flow hedge 110,000 7/2/2015 5/18/2020 1.62 % 1,709 951 Cash flow hedge 50,000 4/7/2016 3/31/2021 1.09 % 2,007 1,544 Cash flow hedge 100,000 4/7/2016 3/31/2023 1.33 % 5,819 4,098 Cash flow hedge 75,000 5/31/2017 6/30/2024 1.96 % 2,724 1,043 Cash flow hedge 10,000 8/10/2017 6/30/2024 2.01 % 333 109 $ 557,500 $ 16,070 $ 9,778 The Company assesses, both at inception and on an ongoing basis, the effectiveness of its qualifying cash flow hedges. The Company elected to early adopt ASU No. 2017-12, Derivatives and Hedging (Topic 815), Targeted Improvements to Accounting for Hedging Activities, The following table presents the effect of derivative instruments in cash flow hedging relationships in the Company’s consolidated statements of operations and comprehensive income for the three months ended March 31, 2018 and 2017 (in thousands): Net Unrealized Gain Recognized in Other Comprehensive Income Net Unrealized Gain (Loss) Reclassified from Accumulated Other Comprehensive Income to Interest and Other Expense, net Three Months Ended March 31, Three Months Ended March 31, 2018 2017 2018 2017 Interest rate derivatives in cash flow hedging relationships $ 6,348 $ 723 $ 56 $ (822 ) Amounts reported in accumulated other comprehensive income will be reclassified to interest and other expense, net as interest payments are made or received on the Company’s variable-rate derivatives. The Company estimates that approximately $3.2 million of net unrealized gains included in accumulated other comprehensive income at March 31, 2018 will be reclassified as a decrease to interest and other expense, net within the next 12 months.

Related Parties

Related Parties	3 Months Ended
	Mar. 31, 2018
Related Party Transactions [Abstract]
Related Party Transactions Disclosure [Text Block]	5. Related Parties The Company has, and is expected to continue to engage in, transactions with related parties. These transactions cannot be construed to be at arm’s length and the results of the Company’s operations may be different if these transactions were conducted with non-related parties. There have been no changes to the contracts and relationships discussed in the 2017 Form 10-K. Below is a summary of the significant related party relationships in effect during the three months ended March 31, 2018 and 2017. Glade M. Knight, Executive Chairman of the Company, owns Apple Realty Group, Inc. (“ARG”), which receives support services from the Company and reimburses the Company for the cost of these services as discussed below. Mr. Knight is also currently a partner and Chief Executive Officer of Energy 11 GP, LLC and Energy Resources 12 GP, LLC, which are the respective general partners of Energy 11, L.P. and Energy Resources 12, L.P., each of which receive support services from ARG. The Company provides support services, including the use of the Company’s employees and corporate office, to ARG and is reimbursed by ARG for the cost of these services. The amounts reimbursed to the Company are based on the actual costs of the services and a good faith estimate of the proportionate amount of time incurred by the Company’s employees on behalf of ARG. Total reimbursed costs received by the Company from ARG for the three months ended March 31, 2018 and 2017 totaled approximately $0.2 million in each period, and are recorded as a reduction to general and administrative expenses in the Company’s consolidated statements of operations. As part of the cost sharing arrangement, certain day-to-day transactions may result in amounts due to or from the Company and ARG. To efficiently manage cash disbursements, the Company or ARG may make payments for the other company. Under this cash management process, each company may advance or defer up to $1 million at any time. Each quarter, any outstanding amounts are settled between the companies. This process allows each company to minimize its cash on hand and reduces the cost for each company. The amounts outstanding at any point in time are not significant to either of the companies. As of March 31, 2018 and December 31, 2017, total amounts due from ARG for reimbursements under the cost sharing structure each totaled approximately $0.3 million at each date, and are included in other assets, net in the Company’s consolidated balance sheets. The Company, through a wholly-owned subsidiary, Apple Air Holding, LLC, owns a Learjet used primarily for acquisition, asset management, renovation and public relations purposes. The aircraft is also leased to affiliates of the Company based on third party rates. Leasing activity to affiliates was not significant during the reporting periods. The Company also utilizes aircraft, owned through two entities, one of which is owned by the Company’s Executive Chairman, and the other, by its President and Chief Executive Officer, for acquisition, asset management, renovation and public relations purposes, and reimburses these entities at third party rates. Total costs incurred for the use of these aircraft during the three months ended March 31, 2018 and 2017 were approximately $0.03 million and $0.04 million, respectively, and are included in general and administrative expenses in the Company’s consolidated statements of operations.

Shareholders' Equity

Shareholders' Equity	3 Months Ended
	Mar. 31, 2018
Stockholders' Equity Note [Abstract]
Stockholders' Equity Note Disclosure [Text Block]	6. Shareholders’ Equity Distributions The Company’s current annual distribution rate, payable monthly, is $1.20 per common share. For the three months ended March 31, 2018 and 2017, the Company paid distributions of $0.30 per common share for a total of $69.1 million and $66.9 million, respectively. Additionally, in March 2018, the Company declared a monthly distribution of $0.10 per common share, totaling $23.0 million, which was recorded as a payable as of March 31, 2018 and paid in April 2018. As of December 31, 2017, a monthly distribution of $0.10 per common share, totaling $23.0 million, was recorded as a payable and paid in January 2018. These accrued distributions were included in accounts payable and other liabilities in the Company’s consolidated balance sheets. Issuance of Shares In February 2017, the Company executed an equity distribution agreement that allows the Company to sell, from time to time, up to an aggregate of $300 million of its common shares through sales agents under an at-the-market offering program (the “ATM Program”). Since inception of the ATM Program in February 2017 through March 31, 2018, the Company has sold approximately 7.2 million common shares at a weighted-average market sales price of approximately $19.56 per common share and received aggregate gross proceeds of approximately $139.8 million before commission and issuance costs, including the sale of approximately 0.2 million common shares during the three months ended March 31, 2018 at a weighted-average market sales price of approximately $19.73 per common share and receipt of aggregate gross proceeds of approximately $4.8 million. The Company used the proceeds from the sale of these shares to pay down borrowings on its revolving credit facility. No shares were issued under the ATM Program during the three months ended March 31, 2017. As of March 31, 2018, approximately $160.2 million remained available for issuance under the ATM Program. Share Repurchases During the first three months of 2018, the Company purchased, under its $475 million share repurchase program (the “Share Repurchase Program”), approximately 0.3 million of its common shares at a weighted-average market purchase price of approximately $16.89 per common share for an aggregate purchase price of approximately $4.3 million. The Company did not purchase any common shares under its Share Repurchase Program during the first three months of 2017. In March 2018, the Company established a new written trading plan as part of the Share Repurchase Program that provides for share repurchases in open market transactions that is intended to comply with Rule 10b5-1 under the Securities Exchange Act of 1934, as amended. Repurchases under the Share Repurchase Program have been funded, and the Company intends to fund future repurchases, with availability under its revolving credit facility. As of March 31, 2018, approximately $463.2 million remained available for repurchase under the Share Repurchase Program. The Share Repurchase Program may be suspended or terminated at any time by the Company and will end in July 2018 if not terminated earlier.

Compensation Plans

Compensation Plans	3 Months Ended
	Mar. 31, 2018
Disclosure Text Block Supplement [Abstract]
Compensation and Employee Benefit Plans [Text Block]	7. Compensation Plans The Company annually establishes an incentive plan for its executive management. Under the incentive plan for 2018 (the “2018 Incentive Plan”), participants are eligible to receive a bonus based on the achievement of certain 2018 performance measures, consisting of operational performance metrics (including targeted Modified Funds from Operations per share, Comparable Hotels revenue per available room growth and Adjusted Hotel EBITDA Margin growth) and shareholder return metrics (including shareholder return relative to a peer group and total shareholder return, over one-year, two-year and three-year periods). The components of the operational performance metrics and shareholder return metrics are equally weighted and the two metrics each account for 50% of the total target incentive compensation. The range of potential aggregate payouts under the 2018 Incentive Plan is $0 - $20 million. Based on performance through March 31, 2018, the Company has accrued approximately $1.9 million as a liability for potential executive bonus payments under the 2018 Incentive Plan, which is included in accounts payable and other liabilities in the Company’s consolidated balance sheet as of March 31, 2018 and in general and administrative expenses in the Company’s consolidated statement of operations for the three months ended March 31, 2018. Approximately 25% of awards under the 2018 Incentive Plan, if any, will be paid in cash, and 75% will be issued in stock under the Company’s 2014 Omnibus Incentive Plan, approximately two-thirds of which will vest at the end of 2018 and one-third of which will vest in December 2019. Under the incentive plan for 2017 (the “2017 Incentive Plan”), the Company recorded approximately $2.0 million in general and administrative expenses in the Company’s consolidated statement of operations for the three months ended March 31, 2017. Share Based Compensation Awards During the first quarters of 2018 and 2017, the Company issued 367,333 and 101,305 common shares earned under the 2017 Incentive Plan and the incentive plan for 2016 (the “2016 Incentive Plan”) (net of 48,533 and 19,667 common shares surrendered to satisfy tax withholding obligations) at $16.92 and $19.10 per share, or approximately $7.0 million and $2.3 million in share based compensation, including the surrendered shares, respectively. Of the total shares issued under the 2017 Incentive Plan, 223,421 shares were unrestricted at the time of issuance, and the remaining 143,912 restricted shares will vest on December 14, 2018. Of the total shares issued under the 2016 Incentive Plan, 60,028 shares were unrestricted at the time of issuance, and the remaining 41,277 restricted shares vested on December 15, 2017, of which 13,129 common shares were surrendered to satisfy tax withholding obligations. Of the total 2017 share based compensation, approximately $5.8 million was recorded as a liability as of December 31, 2017, which was included in accounts payable and other liabilities in the Company’s consolidated balance sheet and the remaining $1.2 million, which is subject to vesting on December 14, 2018, will be recognized as compensation expense proportionately throughout 2018. Of the total 2016 share based compensation, approximately $0.4 million, which vested on December 15, 2017, was recognized as compensation expense proportionately throughout 2017. For the three months ended March 31, 2018 and 2017, the Company recognized approximately $0.3 million and $0.1 million, respectively, of share based compensation expense related to the unvested restricted share awards.

Legal Proceedings

Legal Proceedings	3 Months Ended
	Mar. 31, 2018
Disclosure Text Block Supplement [Abstract]
Legal Matters and Contingencies [Text Block]	8. Legal Proceedings Moses, et al. v. Apple Hospitality REIT, Inc., et al. As previously disclosed in the 2017 Form 10-K, on April 22, 2014, a purported shareholder of Apple REIT Seven, Inc. (“Apple Seven”) and Apple REIT Eight, Inc. (“Apple Eight”), filed a class action against the Company and several individual directors on behalf of all then-existing shareholders and former shareholders of Apple Seven and Apple Eight, who purchased additional shares under the Dividend Reinvestment Plans (“DRIP”) of Apple Seven, Apple Eight and the Company between July 17, 2007 and February 12, 2014 (the “2014 DRIP litigation”). In January 2017, the parties reached an agreement in principle to settle the litigation which the court approved by order dated March 27, 2018. In January 2018, the Company funded the settlement amount of $5.5 million, which was included in accounts payable and other liabilities in the Company’s consolidated balance sheet as of December 31, 2017, and in transaction and litigation costs (reimbursements) in the Company’s consolidated statement of operations for the year ended December 31, 2016. Wilchfort, et al. v. Apple Hospitality REIT, Inc., et al. As previously disclosed in the 2017 Form 10-K, on February 24, 2017, a purported shareholder of Apple REIT Six, Inc. (“Apple Six”), Apple Seven and Apple Eight, filed a class action against, among others, the Company and the former individual directors of Apple Six, Apple Seven and Apple Eight, including Mr. Glade Knight (“the Apple REIT Defendants”), on behalf of all then-existing shareholders and former shareholders of Apple Six, Apple Seven and Apple Eight, who purchased additional shares under Apple Six’s, Apple Seven’s and Apple Eight’s DRIP between July 17, 2007 and December 2012 (in the case of Apple Six shareholders) or June 30, 2013 (in the case of Apple Seven and Apple Eight shareholders). On May 1, 2018, all of the Apple REIT Defendants were dismissed from the complaint without prejudice by the plaintiff.

Subsequent Events

Subsequent Events	3 Months Ended
	Mar. 31, 2018
Subsequent Events [Abstract]
Subsequent Events [Text Block]	9. Subsequent Events In April 2018, the Company paid approximately $23.0 million, or $0.10 per outstanding common share, in distributions to its common shareholders. In April 2018, the Company declared a regular monthly cash distribution of $0.10 per common share for the month of May 2018. The distribution is payable on May 15, 2018. In April 2018, the Company, through one of its indirect wholly-owned subsidiaries, entered into a purchase contract for the purchase of all of the ownership interests in a limited liability company which plans to construct a dual-branded Hampton Inn & Suites and Home2 Suites by Hilton property in Cape Canaveral, Florida, with a combined total of 224 guest rooms for a purchase price of approximately $46.7 million. Although the Company is working towards acquiring these hotels, there are many conditions to closing that have not yet been satisfied, and there can be no assurance that a closing on these hotels will occur. On May 2, 2018, the Company closed on the purchase of a newly constructed 210-room Hampton Inn & Suites in Phoenix, Arizona, the same day the hotel opened for business. The gross purchase price was approximately $44.3 million.

Accounting Policies, by Policy

Accounting Policies, by Policy (Policies)	3 Months Ended
	Mar. 31, 2018
Accounting Policies [Abstract]
Organization, Consolidation and Presentation of Financial Statements Disclosure [Text Block]	Organization Apple Hospitality REIT, Inc., together with its wholly-owned subsidiaries (the “Company”), is a Virginia corporation that has elected to be treated as a real estate investment trust (“REIT”) for federal income tax purposes. The Company is a self-advised REIT that invests in income-producing real estate, primarily in the lodging sector, in the United States. The Company’s fiscal year end is December 31. The Company has no foreign operations or assets and its operating structure includes only one reportable segment. The consolidated financial statements include the accounts of the Company and its subsidiaries. All intercompany accounts and transactions have been eliminated. Although the Company has interests in potential variable interest entities through its purchase commitments, it is not the primary beneficiary as the Company does not have any elements of power in the decision making process of these entities, and therefore does not consolidate the entities. As of March 31, 2018, the Company owned 241 hotels with an aggregate of 30,585 rooms located in 34 states. The Company’s common shares are listed on the New York Stock Exchange (“NYSE”) under the ticker symbol “APLE.”
Basis of Accounting, Policy [Policy Text Block]	Basis of Presentation The accompanying unaudited consolidated financial statements have been prepared in accordance with the rules and regulations for reporting on Form 10-Q. Accordingly, they do not include all of the information required by United States generally accepted accounting principles (“GAAP”) for complete financial statements. In the opinion of management, all adjustments (consisting of normal recurring accruals) considered necessary for a fair presentation have been included. These unaudited financial statements should be read in conjunction with the Company’s audited consolidated financial statements included in its Annual Report on Form 10-K for the year ended December 31, 2017 (the “2017 Form 10-K”). Operating results for the three months ended March 31, 2018 are not necessarily indicative of the results that may be expected for the twelve month period ending December 31, 2018.
Use of Estimates, Policy [Policy Text Block]	Use of Estimates The preparation of the financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the amounts reported in the consolidated financial statements and accompanying notes. Actual results could differ from those estimates.
Earnings Per Share, Policy [Policy Text Block]	Net Income Per Common Share Basic net income per common share is computed based upon the weighted average number of shares outstanding during the period. Diluted net income per common share is calculated after giving effect to all potential common shares that were dilutive and outstanding for the period. Basic and diluted net income per common share were the same for each of the periods presented.
New Accounting Pronouncements, Policy [Policy Text Block]	Accounting Standards Recently Adopted In May 2014, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) No. 2014-09, Revenue from Contracts with Customers (Topic 606) Three Months Ended March 31, 2018 2017 Revenues: Room $ 274,836 $ 269,393 Food and beverage 15,710 16,733 Other 7,843 6,799 Total revenue $ 298,389 $ 292,925 In August 2016, the FASB issued ASU No. 2016-15, Statement of Cash Flows (Topic 230), Classification of Certain Cash Receipts and Cash Payments In November 2016, the FASB issued ASU No. 2016-18, Statement of Cash Flows (Topic 230), Restricted Cash In February 2017, the FASB issued ASU No. 2017-05, Other Income—Gains and Losses from the Derecognition of Nonfinancial Assets (Subtopic 610-20), Clarifying the Scope of Asset Derecognition Guidance and Accounting for Partial Sales of Nonfinancial Assets Accounting Standards Codification (“ASC”) did not have a material impact on the Company’s consolidated financial statements and related disclosures. In August 2017, the FASB issued ASU No. 2017-12, Derivatives and Hedging (Topic 815), Targeted Improvements to Accounting for Hedging Activities adoption of this standard did not have a material impact on the Company’s consolidated financial statements and related disclosures.

Organization and Summary of S16

Organization and Summary of Significant Accounting Policies (Tables)	3 Months Ended
	Mar. 31, 2018
Accounting Policies [Abstract]
Disaggregation of Revenue [Table Text Block]	In May 2014, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) No. 2014-09, Revenue from Contracts with Customers (Topic 606). The core principle of the new standard is that revenue should be recognized to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. The standard became effective for annual and interim periods beginning after December 15, 2017. The Company adopted this standard as of January 1, 2018 using the modified retrospective approach. The Company evaluated each of its revenue streams under the new standard and concluded that the adoption of this standard did not impact the amount or timing of revenue recognition in the Company’s consolidated financial statements. The Company also considered and determined that the following disaggregated revenue reflects the nature and timing of its significant revenue streams (in thousands). Three Months Ended March 31, 2018 2017 Revenues: Room $ 274,836 $ 269,393 Food and beverage 15,710 16,733 Other 7,843 6,799 Total revenue $ 298,389 $ 292,925

Investment in Real Estate (Tabl

Investment in Real Estate (Tables)	3 Months Ended
	Mar. 31, 2018
Investment in Real Estate (Tables) [Line Items]
Property, Plant and Equipment [Table Text Block]	The Company’s investment in real estate consisted of the following (in thousands): March 31, December 31, 2018 2017 Land $ 730,763 $ 720,465 Building and Improvements 4,425,158 4,362,929 Furniture, Fixtures and Equipment 437,084 428,734 Franchise Fees 12,665 12,315 5,605,670 5,524,443 Less Accumulated Depreciation (775,894 ) (731,284 ) Investment in Real Estate, net $ 4,829,776 $ 4,793,159
Schedule of Outstanding Contracts for Potential Purchase of Hotels [Table Text Block]	As of March 31, 2018, the Company had outstanding contracts for the potential purchase of two additional hotels, which were under construction, for a total purchase price of approximately $65.0 million. The Phoenix Hampton Inn & Suites was acquired on May 2, 2018, the same day the hotel opened for business. It is anticipated that the construction of the Orlando Home2 Suites will be completed and opened for business during the fourth quarter of 2018, at which time a closing on this hotel is expected to occur. Although the Company is working towards acquiring this hotel, there are many conditions to closing that have not yet been satisfied and there can be no assurance that a closing on this hotel will occur under the outstanding purchase contract. The following table summarizes the location, brand, date of purchase contract, expected number of rooms, refundable (if the seller does not meet its obligations under the contract) contract deposits paid, and gross purchase price for each of the contracts outstanding at March 31, 2018. All dollar amounts are in thousands. Location Brand Date of Purchase Contract Rooms Refundable Deposits Gross Purchase Price Phoenix, AZ (a) Hampton 10/25/2016 210 $ 500 $ 44,300 Orlando, FL (b) Home2 Suites 1/18/2017 128 3 20,736 338 $ 503 $ 65,036 (a) Newly constructed hotel was acquired on May 2, 2018, the same day the hotel opened for business. (b) This hotel is currently under construction. The table shows the expected number of rooms upon hotel completion and the expected franchise brand. Assuming all conditions to closing are met, the purchase of this hotel is expected to close during the fourth quarter of 2018. If the seller meets all of the conditions to closing, the Company is obligated to specifically perform under the contract. As the property is under construction, at this time, the seller has not met all of the conditions to closing.
2018 Acquisitions [Member]
Investment in Real Estate (Tables) [Line Items]
Schedule of Business Acquisitions, by Acquisition [Table Text Block]	The Company acquired two hotels during the first three months of 2018. The following table sets forth the location, brand, manager, date acquired, number of rooms and gross purchase price for each hotel. All dollar amounts are in thousands. City State Brand Manager Date Acquired Rooms Gross Purchase Price (a) Atlanta GA Hampton McKibbon 2/5/2018 119 $ 24,000 Memphis TN Hampton Crestline 2/5/2018 144 39,000 263 $ 63,000 (a) The gross purchase price excludes transaction costs.
2017 Acquisitions [Member]
Investment in Real Estate (Tables) [Line Items]
Schedule of Business Acquisitions, by Acquisition [Table Text Block]	During the year ended December 31, 2017, the Company acquired six hotels including one in the first quarter of 2017. The following table sets forth the location, brand, manager, date acquired, number of rooms and gross purchase price for each hotel. All dollar amounts are in thousands. City State Brand Manager Date Acquired Rooms Gross Purchase Price (a) Fort Worth TX Courtyard LBA 2/2/2017 124 $ 18,034 Birmingham (b) AL Hilton Garden Inn LBA 9/12/2017 104 19,162 Birmingham (b) AL Home2 Suites LBA 9/12/2017 106 19,276 Portland ME Residence Inn Pyramid 10/13/2017 179 55,750 Salt Lake City UT Residence Inn Huntington 10/20/2017 136 25,500 Anchorage AK Home2 Suites Stonebridge 12/1/2017 135 24,048 784 $ 161,770 (a) The gross purchase price excludes transaction costs. (b) The Hilton Garden Inn and Home2 Suites hotels in Birmingham, AL are part of an adjoining two-hotel complex located on the same site.

Debt (Tables)

Debt (Tables)	3 Months Ended
	Mar. 31, 2018
Debt Disclosure [Abstract]
Schedule of Long-term Debt Instruments [Table Text Block]	As of March 31, 2018 and December 31, 2017, the details of the Company’s revolving credit facility and term loans were as set forth below. All dollar amounts are in thousands. As of March 31, 2018 As of December 31, 2017 Maturity Date Outstanding Balance Interest Rate Outstanding Balance Interest Rate Revolving credit facility (1) 5/18/2019 $ 170,700 3.43 % (2) $ 106,900 3.11 % (2) Term loans $425 million term loans 5/18/2020 425,000 3.16 % (3) 425,000 3.09 % (3) $50 million term loan 4/8/2021 50,000 2.54 % (4) 50,000 2.54 % (4) $100 million term loan 4/8/2023 100,000 3.13 % (4) 100,000 3.13 % (4) $85 million term loan 7/25/2024 85,000 3.76 % (4) 85,000 3.76 % (4) Total term loans at stated value 660,000 660,000 Unamortized debt issuance costs (3,431 ) (3,721 ) Total term loans 656,569 656,279 Total revolving credit facility and term loans $ 827,269 $ 763,179 (1) Unamortized debt issuance costs related to the revolving credit facility totaled approximately $1.3 million and $1.7 million as of March 31, 2018 and December 31, 2017, respectively, and are included in other assets, net in the Company’s consolidated balance sheets. (2) Annual variable interest rate at the balance sheet date. (3) Effective annual interest rate at the balance sheet date which includes the effect of interest rate swaps on $322.5 million of the outstanding loan balance, resulting in an annual fixed interest rate of approximately 3.10% on this portion of the debt, subject to adjustment based on the Company’s leverage ratio, through maturity. See Note 4 for more information on the interest rate swap agreements. Remaining portion is variable rate debt. (4) Annual fixed interest rate at the balance sheet date which includes the effect of interest rate swaps on the outstanding loan balance, subject to adjustment based on the Company’s leverage ratio, through maturity. See Note 4 for more information on the interest rate swap agreements.
Schedule of Debt [Table Text Block]	As of March 31, 2018, the Company had approximately $498.5 million in outstanding mortgage debt secured by 31 properties, with maturity dates ranging from June 2020 to January 2038, stated interest rates ranging from 3.55% to 6.25% and effective interest rates ranging from 3.55% to 4.97%. The loans generally provide for monthly payments of principal and interest on an amortized basis and defeasance or prepayment penalties if prepaid. The following table sets forth the hotel properties securing each loan, the interest rate, loan assumption or origination date, maturity date, the principal amount assumed or originated, and the outstanding balance prior to any fair value adjustments or debt issuance costs as of March 31, 2018 and December 31, 2017 for each of the Company’s debt obligations. All dollar amounts are in thousands. Location Brand Interest Rate (1) Loan Assumption or Origination Date Maturity Date Principal Assumed or Originated Outstanding balance as of March 31, 2018 Outstanding balance as of December 31, 2017 San Juan Capistrano, CA Residence Inn 4.15 % 9/1/2016 6/1/2020 $ 16,210 $ 15,687 $ 15,774 Colorado Springs, CO Hampton 6.25 % 9/1/2016 7/6/2021 7,923 7,719 7,754 Franklin, TN Courtyard 6.25 % 9/1/2016 8/6/2021 14,679 14,303 14,368 Franklin, TN Residence Inn 6.25 % 9/1/2016 8/6/2021 14,679 14,303 14,368 Grapevine, TX Hilton Garden Inn 4.89 % 8/29/2012 9/1/2022 11,810 10,334 10,412 Collegeville/Philadelphia, PA Courtyard 4.89 % 8/30/2012 9/1/2022 12,650 11,069 11,152 Hattiesburg, MS Courtyard 5.00 % 3/1/2014 9/1/2022 5,732 5,173 5,212 Rancho Bernardo/San Diego, CA Courtyard 5.00 % 3/1/2014 9/1/2022 15,060 13,591 13,692 Kirkland, WA Courtyard 5.00 % 3/1/2014 9/1/2022 12,145 10,960 11,042 Seattle, WA Residence Inn 4.96 % 3/1/2014 9/1/2022 28,269 25,496 25,687 Anchorage, AK Embassy Suites 4.97 % 9/13/2012 10/1/2022 23,230 20,408 20,560 Somerset, NJ Courtyard 4.73 % 3/1/2014 10/6/2022 8,750 7,872 7,932 Tukwila, WA Homewood Suites 4.73 % 3/1/2014 10/6/2022 9,431 8,484 8,549 Prattville, AL Courtyard 4.12 % 3/1/2014 2/6/2023 6,596 5,895 5,943 Huntsville, AL Homewood Suites 4.12 % 3/1/2014 2/6/2023 8,306 7,424 7,483 San Diego, CA Residence Inn 3.97 % 3/1/2014 3/6/2023 18,600 16,599 16,733 Miami, FL Homewood Suites 4.02 % 3/1/2014 4/1/2023 16,677 14,903 15,022 Syracuse, NY Courtyard 4.75 % 10/16/2015 8/1/2024 (2) 11,199 10,567 10,637 Syracuse, NY Residence Inn 4.75 % 10/16/2015 8/1/2024 (2) 11,199 10,567 10,637 New Orleans, LA Homewood Suites 4.36 % 7/17/2014 8/11/2024 27,000 24,747 24,919 Westford, MA Residence Inn 4.28 % 3/18/2015 4/11/2025 10,000 9,324 9,386 Denver, CO Hilton Garden Inn 4.46 % 9/1/2016 6/11/2025 34,118 32,833 33,046 Oceanside, CA Courtyard 4.28 % 9/1/2016 10/1/2025 13,655 13,269 13,332 Omaha, NE Hilton Garden Inn 4.28 % 9/1/2016 10/1/2025 22,682 22,040 22,145 Boise, ID Hampton 4.37 % 5/26/2016 6/11/2026 24,000 23,319 23,422 Burbank, CA Courtyard 3.55 % 11/3/2016 12/1/2026 25,564 24,752 24,917 San Diego, CA Courtyard 3.55 % 11/3/2016 12/1/2026 25,473 24,664 24,828 San Diego, CA Hampton 3.55 % 11/3/2016 12/1/2026 18,963 18,360 18,483 Burbank, CA SpringHill Suites 3.94 % 3/9/2018 4/1/2028 28,470 28,470 - Santa Ana, CA Courtyard 3.94 % 3/9/2018 4/1/2028 15,530 15,530 - San Jose, CA Homewood Suites 4.22 % 12/22/2017 1/1/2038 30,000 29,840 30,000 $ 528,600 498,502 457,435 Unamortized fair value adjustment of assumed debt 4,105 4,330 Unamortized debt issuance costs (2,418 ) (2,748 ) Total $ 500,189 $ 459,017 (1) Interest rates are the rates per the loan agreement. For loans assumed, the Company adjusted the interest rates per the loan agreement to market rates and is amortizing the adjustments to interest expense over the life of the loan. (2) Outstanding principal balance is callable by lender or prepayable by the Company on August 1, 2019.
Schedule of Maturities of Long-term Debt [Table Text Block]	The aggregate amounts of principal payable under the Company’s total debt obligations (including mortgage debt, the revolving credit facility and term loans), for the five years subsequent to March 31, 2018 and thereafter are as follows (in thousands): 2018 (April - December) $ 9,730 2019 204,505 2020 453,349 2021 97,586 2022 109,252 Thereafter 454,780 1,329,202 Unamortized fair value adjustment of assumed debt 4,105 Unamortized debt issuance costs related to term loans and mortgage debt (5,849 ) Total $ 1,327,458

Fair Value of Financial Instr19

Fair Value of Financial Instruments (Tables)	3 Months Ended
	Mar. 31, 2018
Fair Value Disclosures [Abstract]
Schedule of Interest Rate Derivatives [Table Text Block]	The following table sets forth information for each of the Company’s interest rate swap agreements outstanding as of March 31, 2018 and December 31, 2017. All dollar amounts are in thousands. Fair Value Asset Notional Amount at March 31, 2018 Hedge Type Origination Date Maturity Date Swap Fixed Interest Rate March 31, 2018 December 31, 2017 Cash flow hedge $ 212,500 5/21/2015 5/18/2020 1.58 % $ 3,478 $ 2,033 Cash flow hedge 110,000 7/2/2015 5/18/2020 1.62 % 1,709 951 Cash flow hedge 50,000 4/7/2016 3/31/2021 1.09 % 2,007 1,544 Cash flow hedge 100,000 4/7/2016 3/31/2023 1.33 % 5,819 4,098 Cash flow hedge 75,000 5/31/2017 6/30/2024 1.96 % 2,724 1,043 Cash flow hedge 10,000 8/10/2017 6/30/2024 2.01 % 333 109 $ 557,500 $ 16,070 $ 9,778
Derivative Instruments, Gain (Loss) [Table Text Block]	The following table presents the effect of derivative instruments in cash flow hedging relationships in the Company’s consolidated statements of operations and comprehensive income for the three months ended March 31, 2018 and 2017 (in thousands): Net Unrealized Gain Recognized in Other Comprehensive Income Net Unrealized Gain (Loss) Reclassified from Accumulated Other Comprehensive Income to Interest and Other Expense, net Three Months Ended March 31, Three Months Ended March 31, 2018 2017 2018 2017 Interest rate derivatives in cash flow hedging relationships $ 6,348 $ 723 $ 56 $ (822 )

Organization and Summary of S20

Organization and Summary of Significant Accounting Policies (Details)	3 Months Ended
	Mar. 31, 2018
Accounting Policies [Abstract]
Number of Reportable Segments	1
Number of Hotels	241
Aggregate Number of Hotel Rooms	30,585
Number of States in which Hotels are Located	34

Organization and Summary of S21

Organization and Summary of Significant Accounting Policies (Details) - Disaggregation of Revenue - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
Revenues:
Room	$ 274,836	$ 269,393
Food and beverage	15,710	16,733
Other	7,843	6,799
Total revenue	$ 298,389	$ 292,925

Investment in Real Estate (Deta

Investment in Real Estate (Details) $ in Thousands	3 Months Ended		12 Months Ended
	Mar. 31, 2018USD ($)	Mar. 31, 2017USD ($)	Dec. 31, 2017
Investment in Real Estate (Details) [Line Items]
Number of Hotels	241
Aggregate Number of Hotel Rooms	30,585
Number of States in which Hotels Are Located	34
Revenues (in Dollars)	$ 298,389	$ 292,925
Operating Income (Loss) (in Dollars)	54,264	46,332
Impairment of Real Estate (in Dollars)	$ 0	$ 7,875
Execution of Sales Contracts in April 2017 Terminated in May 2017 [Member] | Hotels Identified for Potential Sale 1Q 2017 [Member]
Investment in Real Estate (Details) [Line Items]
Number of Hotels		2
Impairment of Real Estate (in Dollars)		$ 7,900
Hotels Under Contract [Member]
Investment in Real Estate (Details) [Line Items]
Number of Hotels	2
Purchase Contract Gross Purchase Price (in Dollars)	$ 65,000
Hotel Acquisitions [Member]
Investment in Real Estate (Details) [Line Items]
Number of Hotels	2	1	6
Revenues (in Dollars)	$ 2,400	$ 700
Operating Income (Loss) (in Dollars)	$ 800	$ 40

Investment in Real Estate (De23

Investment in Real Estate (Details) - Investment in Real Estate - USD ($) $ in Thousands	Mar. 31, 2018	Dec. 31, 2017
Investment in Real Estate [Abstract]
Land	$ 730,763	$ 720,465
Building and Improvements	4,425,158	4,362,929
Furniture, Fixtures and Equipment	437,084	428,734
Franchise Fees	12,665	12,315
	5,605,670	5,524,443
Less Accumulated Depreciation	(775,894)	(731,284)
Investment in Real Estate, net	$ 4,829,776	$ 4,793,159

Investment in Real Estate (De24

Investment in Real Estate (Details) - Hotel Acquisitions $ in Thousands		3 Months Ended	12 Months Ended
		Mar. 31, 2018USD ($)	Dec. 31, 2017USD ($)
Business Acquisition [Line Items]
Rooms		30,585
Hampton Atlanta, GA [Member]
Business Acquisition [Line Items]
State		GA
Brand		Hampton
Manager		McKibbon
Date Acquired		Feb. 5, 2018
Rooms		119
Gross Purchase Price	[1]	$ 24,000
Hampton Memphis, TN [Member]
Business Acquisition [Line Items]
State		TN
Brand		Hampton
Manager		Crestline
Date Acquired		Feb. 5, 2018
Rooms		144
Gross Purchase Price	[1]	$ 39,000
Total [Member]
Business Acquisition [Line Items]
Rooms		263	784
Gross Purchase Price	[1]	$ 63,000	$ 161,770
[1]	The gross purchase price excludes transaction costs.

Investment in Real Estate (De25

Investment in Real Estate (Details) - Hotel Acquisitions $ in Thousands		3 Months Ended	12 Months Ended
		Mar. 31, 2018USD ($)	Dec. 31, 2017USD ($)
Business Acquisition [Line Items]
Rooms		30,585
Courtyard Fort Worth, TX [Member]
Business Acquisition [Line Items]
State			TX
Brand			Courtyard
Manager			LBA
Date Acquired			Feb. 2, 2017
Rooms			124
Gross Purchase Price	[1]		$ 18,034
Hilton Garden Inn Birmingham, AL [Member]
Business Acquisition [Line Items]
State			AL
Brand	[2]		Hilton Garden Inn
Manager			LBA
Date Acquired			Sep. 12, 2017
Rooms			104
Gross Purchase Price	[1]		$ 19,162
Home2 Suites Birmingham, AL [Member]
Business Acquisition [Line Items]
State			AL
Brand	[2]		Home2 Suites
Manager			LBA
Date Acquired			Sep. 12, 2017
Rooms			106
Gross Purchase Price	[1]		$ 19,276
Residence Inn Portland, ME [Member]
Business Acquisition [Line Items]
State			ME
Brand			Residence Inn
Manager			Pyramid
Date Acquired			Oct. 13, 2017
Rooms			179
Gross Purchase Price	[1]		$ 55,750
Residence Inn Salt Lake City, UT [Member]
Business Acquisition [Line Items]
State			UT
Brand			Residence Inn
Manager			Huntington
Date Acquired			Oct. 20, 2017
Rooms			136
Gross Purchase Price	[1]		$ 25,500
Home2 Suites Anchorage, AK [Member]
Business Acquisition [Line Items]
State			AK
Brand			Home2 Suites
Manager			Stonebridge
Date Acquired			Dec. 1, 2017
Rooms			135
Gross Purchase Price	[1]		$ 24,048
Total [Member]
Business Acquisition [Line Items]
Rooms		263	784
Gross Purchase Price	[1]	$ 63,000	$ 161,770
[1]	The gross purchase price excludes transaction costs.
[2]	The Hilton Garden Inn and Home2 Suites hotels in Birmingham, AL are part of an adjoining two-hotel complex located on the same site.

Investment in Real Estate (De26

Investment in Real Estate (Details) - Outstanding Contracts $ in Thousands	3 Months Ended
	Mar. 31, 2018USD ($)
Investment in Real Estate (Details) - Outstanding Contracts [Line Items]
Rooms	30,585
Hotels Under Contract [Member]
Investment in Real Estate (Details) - Outstanding Contracts [Line Items]
Rooms	338
Refundable Deposits	$ 503
Gross Purchase Price	$ 65,036
Hotels Under Contract [Member] | Hotels Under Construction [Member] | Hampton Phoenix, AZ [Member]
Investment in Real Estate (Details) - Outstanding Contracts [Line Items]
Brand	Hampton	[1]
Date of Purchase Contract	Oct. 25, 2016
Rooms	210
Refundable Deposits	$ 500
Gross Purchase Price	$ 44,300
Hotels Under Contract [Member] | Hotels Under Construction [Member] | Home2 Suites Orlando, FL [Member]
Investment in Real Estate (Details) - Outstanding Contracts [Line Items]
Brand	Home2 Suites	[2]
Date of Purchase Contract	Jan. 18, 2017
Rooms	128
Refundable Deposits	$ 3
Gross Purchase Price	$ 20,736
[1]	Newly constructed hotel was acquired on May 2, 2018, the same day the hotel opened for business.
[2]	This hotel is currently under construction. The table shows the expected number of rooms upon hotel completion and the expected franchise brand. Assuming all conditions to closing are met, the purchase of this hotel is expected to close during the fourth quarter of 2018. If the seller meets all of the conditions to closing, the Company is obligated to specifically perform under the contract. As the property is under construction, at this time, the seller has not met all of the conditions to closing.

Debt (Details)

Debt (Details) $ in Thousands	3 Months Ended
	Mar. 31, 2018USD ($)	Dec. 31, 2017USD ($)
Debt (Details) [Line Items]
Debt Issuance Costs, Net (in Dollars)	$ 5,849
Derivative, Notional Amount (in Dollars)	557,500
Long-term Debt, Gross (in Dollars)	$ 1,329,202
Mortgage Debt [Member]
Debt (Details) [Line Items]
Debt Instrument, Maturity Date, Description	maturity dates ranging from June 2020 to January 2038
Long-term Debt, Gross (in Dollars)	$ 498,500
Number of Hotel Properties Used to Secure Debt	31
Minimum [Member] | Mortgage Debt [Member]
Debt (Details) [Line Items]
Debt Instrument, Interest Rate, Effective Percentage	3.55%
Debt Instrument, Interest Rate, Stated Percentage	3.55%
Maximum [Member] | Mortgage Debt [Member]
Debt (Details) [Line Items]
Debt Instrument, Interest Rate, Effective Percentage	4.97%
Debt Instrument, Interest Rate, Stated Percentage	6.25%
$150 Million Unsecured Term Loan Facility [Member]
Debt (Details) [Line Items]
Term Loan Facility, Maximum Borrowing Capacity (in Dollars)	$ 150,000
Debt Instrument, Description of Variable Rate Basis	one-month LIBOR
$150 Million Unsecured Term Loan Facility [Member] | Minimum [Member] | $50 Million Term Loan [Member] | London Interbank Offered Rate (LIBOR) [Member]
Debt (Details) [Line Items]
Debt Instrument, Basis Spread on Variable Rate	1.45%
$150 Million Unsecured Term Loan Facility [Member] | Minimum [Member] | $100 Million Term Loan [Member] | London Interbank Offered Rate (LIBOR) [Member]
Debt (Details) [Line Items]
Debt Instrument, Basis Spread on Variable Rate	1.80%
$150 Million Unsecured Term Loan Facility [Member] | Maximum [Member] | $50 Million Term Loan [Member] | London Interbank Offered Rate (LIBOR) [Member]
Debt (Details) [Line Items]
Debt Instrument, Basis Spread on Variable Rate	2.20%
$150 Million Unsecured Term Loan Facility [Member] | Maximum [Member] | $100 Million Term Loan [Member] | London Interbank Offered Rate (LIBOR) [Member]
Debt (Details) [Line Items]
Debt Instrument, Basis Spread on Variable Rate	2.60%
$85 Million Unsecured Term Loan [Member] | Minimum [Member] | London Interbank Offered Rate (LIBOR) [Member]
Debt (Details) [Line Items]
Debt Instrument, Basis Spread on Variable Rate	1.80%
$85 Million Unsecured Term Loan [Member] | Maximum [Member] | London Interbank Offered Rate (LIBOR) [Member]
Debt (Details) [Line Items]
Debt Instrument, Basis Spread on Variable Rate	2.60%
Funded During 2016 [Member] | $150 Million Unsecured Term Loan Facility [Member] | $50 Million Term Loan [Member]
Debt (Details) [Line Items]
Debt Instrument, Maturity Date	Apr. 8, 2021
Debt Instrument, Face Amount (in Dollars)	$ 50,000
Funded During 2016 [Member] | $150 Million Unsecured Term Loan Facility [Member] | $100 Million Term Loan [Member]
Debt (Details) [Line Items]
Debt Instrument, Maturity Date	Apr. 8, 2023
Debt Instrument, Face Amount (in Dollars)	$ 100,000
Funded During 2017 [Member] | $85 Million Unsecured Term Loan [Member]
Debt (Details) [Line Items]
Debt Instrument, Maturity Date	Jul. 25, 2024
Debt Instrument, Description of Variable Rate Basis	one-month LIBOR
Debt Instrument, Face Amount (in Dollars)	$ 85,000
$965 Million Unsecured Credit Facility [Member]
Debt (Details) [Line Items]
Line of Credit Facility, Maximum Borrowing Capacity (in Dollars)	$ 965,000
Debt Instrument, Description of Variable Rate Basis	one-month LIBOR
$965 Million Unsecured Credit Facility [Member] | $540 Million Unsecured Revolving Credit Facility [Member]
Debt (Details) [Line Items]
Line of Credit Facility, Maximum Borrowing Capacity (in Dollars)	$ 540,000
Line of Credit Facility, Expiration Date	May 18, 2019
Debt Instrument, Maturity Date, Description	maturity date may be extended one year
Debt Issuance Costs, Net (in Dollars)	$ 1,300	$ 1,700
$965 Million Unsecured Credit Facility [Member] | Minimum [Member] | London Interbank Offered Rate (LIBOR) [Member]
Debt (Details) [Line Items]
Debt Instrument, Basis Spread on Variable Rate	1.50%
$965 Million Unsecured Credit Facility [Member] | Minimum [Member] | $540 Million Unsecured Revolving Credit Facility [Member]
Debt (Details) [Line Items]
Line of Credit Facility, Unused Capacity, Commitment Fee Percentage	0.20%
$965 Million Unsecured Credit Facility [Member] | Maximum [Member] | London Interbank Offered Rate (LIBOR) [Member]
Debt (Details) [Line Items]
Debt Instrument, Basis Spread on Variable Rate	2.30%
$965 Million Unsecured Credit Facility [Member] | Maximum [Member] | $540 Million Unsecured Revolving Credit Facility [Member]
Debt (Details) [Line Items]
Line of Credit Facility, Unused Capacity, Commitment Fee Percentage	0.30%
$965 Million Unsecured Credit Facility [Member] | Loans With Interest Rates Effectively Fixed By Interest Rate Swaps [Member] | $425 Million Term Loans [Member]
Debt (Details) [Line Items]
Derivative, Notional Amount (in Dollars)	$ 322,500
Debt Instrument, Interest Rate, Effective Percentage	3.10%
$965 Million Unsecured Credit Facility [Member] | Funded During 2015 [Member] | $425 Million Term Loans [Member]
Debt (Details) [Line Items]
Term Loan Facility, Maximum Borrowing Capacity (in Dollars)	$ 425,000
Debt Instrument, Maturity Date	May 18, 2020
Number of Term Loans	3
Revolving Credit Facility and Term Loans [Member]
Debt (Details) [Line Items]
Line of Credit Facility, Covenant Terms	the $965 million credit facility, the $150 million term loan facility and the $85 million term loan contain mandatory prepayment requirements, customary affirmative covenants, negative covenants and events of default.  The credit agreements require that the Company comply with various covenants, which include, among others, a minimum tangible net worth, maximum debt limits, minimum interest and fixed charge coverage ratios, limits on dividend payments and share repurchases and restrictions on certain investments.  The Company was in compliance with the applicable covenants at March 31, 2018.

Debt (Details) - Revolving Cred

Debt (Details) - Revolving Credit Facility and Term Loans - USD ($) $ in Thousands		3 Months Ended
		Mar. 31, 2018	Dec. 31, 2017
Debt Instrument [Line Items]
Revolving credit facility outstanding balance (in Dollars)		$ 170,700	$ 106,900
Outstanding balance (in Dollars)		1,329,202
Unamortized debt issuance costs (in Dollars)		(5,849)
Total term loans (in Dollars)		656,569	656,279
Debt carrying value (in Dollars)		$ 1,327,458	1,200,000
Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Maturity date		May 18, 2019
Revolving credit facility outstanding balance (in Dollars)	[1]	$ 170,700	$ 106,900
Interest rate	[2]	3.43%	3.11%
$425 Million Term Loans [Member]
Debt Instrument [Line Items]
Maturity date		May 18, 2020
Interest rate	[3]	3.16%	3.09%
Outstanding balance (in Dollars)		$ 425,000	$ 425,000
$50 Million Term Loan [Member]
Debt Instrument [Line Items]
Maturity date		Apr. 8, 2021
Interest rate	[4]	2.54%	2.54%
Outstanding balance (in Dollars)		$ 50,000	$ 50,000
$100 Million Term Loan [Member]
Debt Instrument [Line Items]
Maturity date		Apr. 8, 2023
Interest rate	[4]	3.13%	3.13%
Outstanding balance (in Dollars)		$ 100,000	$ 100,000
$85 Million Term Loan [Member]
Debt Instrument [Line Items]
Maturity date		Jul. 25, 2024
Interest rate	[4]	3.76%	3.76%
Outstanding balance (in Dollars)		$ 85,000	$ 85,000
Total Term Loans [Member]
Debt Instrument [Line Items]
Outstanding balance (in Dollars)		660,000	660,000
Unamortized debt issuance costs (in Dollars)		(3,431)	(3,721)
Total term loans (in Dollars)		656,569	656,279
Total Revolving Credit Facility and Term Loans [Member]
Debt Instrument [Line Items]
Debt carrying value (in Dollars)		$ 827,269	$ 763,179
[1]	Unamortized debt issuance costs related to the revolving credit facility totaled approximately $1.3 million and $1.7 million as of March 31, 2018 and December 31, 2017, respectively, and are included in other assets, net in the Company's consolidated balance sheets.
[2]	Annual variable interest rate at the balance sheet date.
[3]	Effective annual interest rate at the balance sheet date which includes the effect of interest rate swaps on $322.5 million of the outstanding loan balance, resulting in an annual fixed interest rate of approximately 3.10% on this portion of the debt, subject to adjustment based on the Company's leverage ratio, through maturity. See Note 4 for more information on the interest rate swap agreements. Remaining portion is variable rate debt.
[4]	Annual fixed interest rate at the balance sheet date which includes the effect of interest rate swaps on the outstanding loan balance, subject to adjustment based on the Company's leverage ratio, through maturity. See Note 4 for more information on the interest rate swap agreements.

Debt (Details) - Mortgage Note

Debt (Details) - Mortgage Note Debt - USD ($) $ in Thousands		3 Months Ended
		Mar. 31, 2018	Dec. 31, 2017
Debt (Details) - Mortgage Note Debt [Line Items]
Outstanding Balance		$ 1,329,202
Unamortized fair value adjustment of assumed debt		4,105
Unamortized debt issuance costs		(5,849)
Total		$ 500,189	$ 459,017
Residence Inn San Juan Capistrano, CA [Member]
Debt (Details) - Mortgage Note Debt [Line Items]
Brand		Residence Inn
Interest Rate	[1]	4.15%
Loan Assumption or Origination Date		Sep. 1, 2016
Maturity Date		Jun. 1, 2020
Principal Assumed or Originated		$ 16,210
Outstanding Balance		$ 15,687	15,774
Hampton Colorado Springs, CO [Member]
Debt (Details) - Mortgage Note Debt [Line Items]
Brand		Hampton
Interest Rate	[1]	6.25%
Loan Assumption or Origination Date		Sep. 1, 2016
Maturity Date		Jul. 6, 2021
Principal Assumed or Originated		$ 7,923
Outstanding Balance		$ 7,719	7,754
Courtyard Franklin, TN [Member]
Debt (Details) - Mortgage Note Debt [Line Items]
Brand		Courtyard
Interest Rate	[1]	6.25%
Loan Assumption or Origination Date		Sep. 1, 2016
Maturity Date		Aug. 6, 2021
Principal Assumed or Originated		$ 14,679
Outstanding Balance		$ 14,303	14,368
Residence Inn Franklin, TN [Member]
Debt (Details) - Mortgage Note Debt [Line Items]
Brand		Residence Inn
Interest Rate	[1]	6.25%
Loan Assumption or Origination Date		Sep. 1, 2016
Maturity Date		Aug. 6, 2021
Principal Assumed or Originated		$ 14,679
Outstanding Balance		$ 14,303	14,368
Hilton Garden Inn Grapevine, TX [Member]
Debt (Details) - Mortgage Note Debt [Line Items]
Brand		Hilton Garden Inn
Interest Rate	[1]	4.89%
Loan Assumption or Origination Date		Aug. 29, 2012
Maturity Date		Sep. 1, 2022
Principal Assumed or Originated		$ 11,810
Outstanding Balance		$ 10,334	10,412
Courtyard Collegeville/Philadelphia, PA [Member]
Debt (Details) - Mortgage Note Debt [Line Items]
Brand		Courtyard
Interest Rate	[1]	4.89%
Loan Assumption or Origination Date		Aug. 30, 2012
Maturity Date		Sep. 1, 2022
Principal Assumed or Originated		$ 12,650
Outstanding Balance		$ 11,069	11,152
Courtyard Hattiesburg, MS [Member]
Debt (Details) - Mortgage Note Debt [Line Items]
Brand		Courtyard
Interest Rate	[1]	5.00%
Loan Assumption or Origination Date		Mar. 1, 2014
Maturity Date		Sep. 1, 2022
Principal Assumed or Originated		$ 5,732
Outstanding Balance		$ 5,173	5,212
Courtyard Rancho Bernardo / San Diego, CA [Member]
Debt (Details) - Mortgage Note Debt [Line Items]
Brand		Courtyard
Interest Rate	[1]	5.00%
Loan Assumption or Origination Date		Mar. 1, 2014
Maturity Date		Sep. 1, 2022
Principal Assumed or Originated		$ 15,060
Outstanding Balance		$ 13,591	13,692
Courtyard Kirkland, WA [Member]
Debt (Details) - Mortgage Note Debt [Line Items]
Brand		Courtyard
Interest Rate	[1]	5.00%
Loan Assumption or Origination Date		Mar. 1, 2014
Maturity Date		Sep. 1, 2022
Principal Assumed or Originated		$ 12,145
Outstanding Balance		$ 10,960	11,042
Residence Inn Seattle, WA [Member]
Debt (Details) - Mortgage Note Debt [Line Items]
Brand		Residence Inn
Interest Rate	[1]	4.96%
Loan Assumption or Origination Date		Mar. 1, 2014
Maturity Date		Sep. 1, 2022
Principal Assumed or Originated		$ 28,269
Outstanding Balance		$ 25,496	25,687
Embassy Suites Anchorage, AK [Member]
Debt (Details) - Mortgage Note Debt [Line Items]
Brand		Embassy Suites
Interest Rate	[1]	4.97%
Loan Assumption or Origination Date		Sep. 13, 2012
Maturity Date		Oct. 1, 2022
Principal Assumed or Originated		$ 23,230
Outstanding Balance		$ 20,408	20,560
Courtyard Somerset, NJ [Member]
Debt (Details) - Mortgage Note Debt [Line Items]
Brand		Courtyard
Interest Rate	[1]	4.73%
Loan Assumption or Origination Date		Mar. 1, 2014
Maturity Date		Oct. 6, 2022
Principal Assumed or Originated		$ 8,750
Outstanding Balance		$ 7,872	7,932
Homewood Suites Tukwila, WA [Member]
Debt (Details) - Mortgage Note Debt [Line Items]
Brand		Homewood Suites
Interest Rate	[1]	4.73%
Loan Assumption or Origination Date		Mar. 1, 2014
Maturity Date		Oct. 6, 2022
Principal Assumed or Originated		$ 9,431
Outstanding Balance		$ 8,484	8,549
Courtyard Prattville, AL [Member]
Debt (Details) - Mortgage Note Debt [Line Items]
Brand		Courtyard
Interest Rate	[1]	4.12%
Loan Assumption or Origination Date		Mar. 1, 2014
Maturity Date		Feb. 6, 2023
Principal Assumed or Originated		$ 6,596
Outstanding Balance		$ 5,895	5,943
Homewood Suites Huntsville, AL [Member]
Debt (Details) - Mortgage Note Debt [Line Items]
Brand		Homewood Suites
Interest Rate	[1]	4.12%
Loan Assumption or Origination Date		Mar. 1, 2014
Maturity Date		Feb. 6, 2023
Principal Assumed or Originated		$ 8,306
Outstanding Balance		$ 7,424	7,483
Residence Inn San Diego, CA [Member]
Debt (Details) - Mortgage Note Debt [Line Items]
Brand		Residence Inn
Interest Rate	[1]	3.97%
Loan Assumption or Origination Date		Mar. 1, 2014
Maturity Date		Mar. 6, 2023
Principal Assumed or Originated		$ 18,600
Outstanding Balance		$ 16,599	16,733
Homewood Suites Miami, FL [Member]
Debt (Details) - Mortgage Note Debt [Line Items]
Brand		Homewood Suites
Interest Rate	[1]	4.02%
Loan Assumption or Origination Date		Mar. 1, 2014
Maturity Date		Apr. 1, 2023
Principal Assumed or Originated		$ 16,677
Outstanding Balance		$ 14,903	15,022
Courtyard Syracuse, NY [Member]
Debt (Details) - Mortgage Note Debt [Line Items]
Brand		Courtyard
Interest Rate	[1]	4.75%
Loan Assumption or Origination Date		Oct. 16, 2015
Maturity Date	[2]	Aug. 1, 2024
Principal Assumed or Originated		$ 11,199
Outstanding Balance		$ 10,567	10,637
Residence Inn Syracuse, NY [Member]
Debt (Details) - Mortgage Note Debt [Line Items]
Brand		Residence Inn
Interest Rate	[1]	4.75%
Loan Assumption or Origination Date		Oct. 16, 2015
Maturity Date	[2]	Aug. 1, 2024
Principal Assumed or Originated		$ 11,199
Outstanding Balance		$ 10,567	10,637
Homewood Suites New Orleans, LA [Member]
Debt (Details) - Mortgage Note Debt [Line Items]
Brand		Homewood Suites
Interest Rate	[1]	4.36%
Loan Assumption or Origination Date		Jul. 17, 2014
Maturity Date		Aug. 11, 2024
Principal Assumed or Originated		$ 27,000
Outstanding Balance		$ 24,747	24,919
Residence Inn Westford, MA [Member]
Debt (Details) - Mortgage Note Debt [Line Items]
Brand		Residence Inn
Interest Rate	[1]	4.28%
Loan Assumption or Origination Date		Mar. 18, 2015
Maturity Date		Apr. 11, 2025
Principal Assumed or Originated		$ 10,000
Outstanding Balance		$ 9,324	9,386
Hilton Garden Inn Denver, CO [Member]
Debt (Details) - Mortgage Note Debt [Line Items]
Brand		Hilton Garden Inn
Interest Rate	[1]	4.46%
Loan Assumption or Origination Date		Sep. 1, 2016
Maturity Date		Jun. 11, 2025
Principal Assumed or Originated		$ 34,118
Outstanding Balance		$ 32,833	33,046
Courtyard Oceanside, CA [Member]
Debt (Details) - Mortgage Note Debt [Line Items]
Brand		Courtyard
Interest Rate	[1]	4.28%
Loan Assumption or Origination Date		Sep. 1, 2016
Maturity Date		Oct. 1, 2025
Principal Assumed or Originated		$ 13,655
Outstanding Balance		$ 13,269	13,332
Hilton Garden Inn Omaha, NE [Member]
Debt (Details) - Mortgage Note Debt [Line Items]
Brand		Hilton Garden Inn
Interest Rate	[1]	4.28%
Loan Assumption or Origination Date		Sep. 1, 2016
Maturity Date		Oct. 1, 2025
Principal Assumed or Originated		$ 22,682
Outstanding Balance		$ 22,040	22,145
Hampton Boise, ID [Member]
Debt (Details) - Mortgage Note Debt [Line Items]
Brand		Hampton
Interest Rate	[1]	4.37%
Loan Assumption or Origination Date		May 26, 2016
Maturity Date		Jun. 11, 2026
Principal Assumed or Originated		$ 24,000
Outstanding Balance		$ 23,319	23,422
Courtyard Burbank, CA [Member]
Debt (Details) - Mortgage Note Debt [Line Items]
Brand		Courtyard
Interest Rate	[1]	3.55%
Loan Assumption or Origination Date		Nov. 3, 2016
Maturity Date		Dec. 1, 2026
Principal Assumed or Originated		$ 25,564
Outstanding Balance		$ 24,752	24,917
Courtyard San Diego, CA [Member]
Debt (Details) - Mortgage Note Debt [Line Items]
Brand		Courtyard
Interest Rate	[1]	3.55%
Loan Assumption or Origination Date		Nov. 3, 2016
Maturity Date		Dec. 1, 2026
Principal Assumed or Originated		$ 25,473
Outstanding Balance		$ 24,664	24,828
Hampton San Diego, CA [Member]
Debt (Details) - Mortgage Note Debt [Line Items]
Brand		Hampton
Interest Rate	[1]	3.55%
Loan Assumption or Origination Date		Nov. 3, 2016
Maturity Date		Dec. 1, 2026
Principal Assumed or Originated		$ 18,963
Outstanding Balance		$ 18,360	18,483
SpringHill Suites Burbank, CA [Member]
Debt (Details) - Mortgage Note Debt [Line Items]
Brand		SpringHill Suites
Interest Rate	[1]	3.94%
Loan Assumption or Origination Date		Mar. 9, 2018
Maturity Date		Apr. 1, 2028
Principal Assumed or Originated		$ 28,470
Outstanding Balance		$ 28,470	0
Courtyard Santa Ana, CA [Member]
Debt (Details) - Mortgage Note Debt [Line Items]
Brand		Courtyard
Interest Rate	[1]	3.94%
Loan Assumption or Origination Date		Mar. 9, 2018
Maturity Date		Apr. 1, 2028
Principal Assumed or Originated		$ 15,530
Outstanding Balance		$ 15,530	0
Homewood Suites San Jose, CA [Member]
Debt (Details) - Mortgage Note Debt [Line Items]
Brand		Homewood Suites
Interest Rate	[1]	4.22%
Loan Assumption or Origination Date		Dec. 22, 2017
Maturity Date		Jan. 1, 2038
Principal Assumed or Originated		$ 30,000
Outstanding Balance		29,840	30,000
Total [Member]
Debt (Details) - Mortgage Note Debt [Line Items]
Principal Assumed or Originated		528,600
Outstanding Balance		498,502	457,435
Unamortized fair value adjustment of assumed debt		4,105	4,330
Unamortized debt issuance costs		(2,418)	(2,748)
Total		$ 500,189	$ 459,017
[1]	Interest rates are the rates per the loan agreement. For loans assumed, the Company adjusted the interest rates per the loan agreement to market rates and is amortizing the adjustments to interest expense over the life of the loan.
[2]	Outstanding principal balance is callable by lender or prepayable by the Company on August 1, 2019.

Debt (Details) - Future Minimum

Debt (Details) - Future Minimum Debt Payments - USD ($) $ in Thousands	Mar. 31, 2018	Dec. 31, 2017
Future Minimum Debt Payments [Abstract]
2018 (April - December)	$ 9,730
2,019	204,505
2,020	453,349
2,021	97,586
2,022	109,252
Thereafter	454,780
	1,329,202
Unamortized fair value adjustment of assumed debt	4,105
Unamortized debt issuance costs related to term loans and mortgage debt	(5,849)
Total	$ 1,327,458	$ 1,200,000

Fair Value of Financial Instr31

Fair Value of Financial Instruments (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2018	Dec. 31, 2017
Fair Value Disclosures [Abstract]
Long-term Debt, Fair Value	$ 1,300,000	$ 1,200,000
Long-term Debt	$ 1,327,458	$ 1,200,000
Derivative, Description of Terms	Company pays a fixed rate of interest and receives a floating rate of interest equal to the one-month LIBOR
Net unrealized gains in accumulated other comprehensive income (loss) expected to be reclassified to interest expense within the next 12 months	$ 3,200

Fair Value of Financial Instr32

Fair Value of Financial Instruments (Details) - Schedule of Interest Rate Swap Agreements - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2018	Dec. 31, 2017
Fair Value of Financial Instruments (Details) - Schedule of Interest Rate Swap Agreements [Line Items]
Notional amount	$ 557,500
Fair value asset (liability)	16,070	$ 9,778
Interest Rate Swap #1 [Member] | Designated as Hedging Instrument [Member]
Fair Value of Financial Instruments (Details) - Schedule of Interest Rate Swap Agreements [Line Items]
Notional amount	$ 212,500
Origination Date	May 21, 2015
Maturity date	May 18, 2020
Swap fixed interest rate	1.58%
Fair value asset (liability)	$ 3,478	2,033
Interest Rate Swap #2 [Member] | Designated as Hedging Instrument [Member]
Fair Value of Financial Instruments (Details) - Schedule of Interest Rate Swap Agreements [Line Items]
Notional amount	$ 110,000
Origination Date	Jul. 2, 2015
Maturity date	May 18, 2020
Swap fixed interest rate	1.62%
Fair value asset (liability)	$ 1,709	951
Interest Rate Swap #3 [Member] | Designated as Hedging Instrument [Member]
Fair Value of Financial Instruments (Details) - Schedule of Interest Rate Swap Agreements [Line Items]
Notional amount	$ 50,000
Origination Date	Apr. 7, 2016
Maturity date	Mar. 31, 2021
Swap fixed interest rate	1.09%
Fair value asset (liability)	$ 2,007	1,544
Interest Rate Swap #4 [Member] | Designated as Hedging Instrument [Member]
Fair Value of Financial Instruments (Details) - Schedule of Interest Rate Swap Agreements [Line Items]
Notional amount	$ 100,000
Origination Date	Apr. 7, 2016
Maturity date	Mar. 31, 2023
Swap fixed interest rate	1.33%
Fair value asset (liability)	$ 5,819	4,098
Interest Rate Swap #5 [Member] | Designated as Hedging Instrument [Member]
Fair Value of Financial Instruments (Details) - Schedule of Interest Rate Swap Agreements [Line Items]
Notional amount	$ 75,000
Origination Date	May 31, 2017
Maturity date	Jun. 30, 2024
Swap fixed interest rate	1.96%
Fair value asset (liability)	$ 2,724	1,043
Interest Rate Swap #6 [Member] | Designated as Hedging Instrument [Member]
Fair Value of Financial Instruments (Details) - Schedule of Interest Rate Swap Agreements [Line Items]
Notional amount	$ 10,000
Origination Date	Aug. 10, 2017
Maturity date	Jun. 30, 2024
Swap fixed interest rate	2.01%
Fair value asset (liability)	$ 333	$ 109

Fair Value of Financial Instr33

Fair Value of Financial Instruments (Details) - Derivative Instruments, Gain (Loss) Recognized - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
Derivative Instruments, Gain (Loss) Recognized [Abstract]
Net Unrealized Gain Recognized in Other Comprehensive Income	$ 6,348	$ 723
Net Unrealized Gain (Loss) Reclassified from Accumulated Other Comprehensive Income to Interest and Other Expense, net	$ 56	$ (822)

Related Parties (Details)

Related Parties (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017	Dec. 31, 2017
Related Parties (Details) [Line Items]
Related Party Transaction, Description of Transaction	To efficiently manage cash disbursements, the Company or ARG may make payments for the other company.  Under this cash management process, each company may advance or defer up to $1 million at any time.  Each quarter, any outstanding amounts are settled between the companies.  This process allows each company to minimize its cash on hand and reduces the cost for each company.  The amounts outstanding at any point in time are not significant to either of the companies.
Aircraft Owned by Executive Officers [Member]
Related Parties (Details) [Line Items]
Aircraft Rental Expense	$ 30	$ 40
Reimbursement Received From Related Parties For Their Proportionate Share of Staffing and Office Related Costs Provided by Apple Hospitality [Member]
Related Parties (Details) [Line Items]
Related Party Transaction, Amounts of Transaction	(200)	$ (200)
Due from Related Parties	$ 300		$ 300

Shareholders' Equity (Details)

Shareholders' Equity (Details) - USD ($) $ / shares in Units, $ in Thousands, shares in Millions	3 Months Ended		14 Months Ended
	Mar. 31, 2018	Mar. 31, 2017	Mar. 31, 2018	Dec. 31, 2017
Shareholders' Equity (Details) [Line Items]
Payments of Ordinary Dividends, Common Stock	$ 69,144	$ 66,908
Dividends Payable	$ 23,020	$ 22,301	$ 23,020
Annual Distribution [Member]
Shareholders' Equity (Details) [Line Items]
Annual Distribution rate (in Dollars per share)	$ 1.20
Distributions [Member]
Shareholders' Equity (Details) [Line Items]
Common Stock, Dividends, Per Share, Cash Paid (in Dollars per share)	$ 0.30	$ 0.30
Payments of Ordinary Dividends, Common Stock	$ 69,100	$ 66,900
Dividends Payable, Amount Per Share (in Dollars per share)	$ 0.10		$ 0.10	$ 0.10
Dividends Payable	$ 23,000		$ 23,000	$ 23,000
ATM Program [Member]
Shareholders' Equity (Details) [Line Items]
Stock Issuance Program, Authorized Amount	$ 300,000		$ 300,000
Stock Issued During Period, Shares, New Issues (in Shares)	0.2	0	7.2
Shares Issued Weighted Average Market Sales Price Per Share (in Dollars per share)	$ 19.73		$ 19.56
Proceeds From Issuance of Common Stock, Gross	$ 4,800		$ 139,800
Stock Issuance Program, Available for Issuance	160,200		160,200
Share Repurchase Program [Member]
Shareholders' Equity (Details) [Line Items]
Stock Repurchase Program, Authorized Amount	$ 475,000		475,000
Stock Repurchased and Retired During Period, Shares (in Shares)	0.3	0
Stock Repurchased During Period, Weighted Average Market Purchase Price Per Share (in Dollars per share)	$ 16.89
Stock Repurchased and Retired During Period, Value	$ 4,300
Stock Repurchase Program, Remaining Authorized Repurchase Amount	$ 463,200		$ 463,200
Share Repurchase Program, End Date	July 2,018

Compensation Plans (Details)

Compensation Plans (Details) - USD ($) $ / shares in Units, $ in Millions	3 Months Ended		12 Months Ended
	Mar. 31, 2018	Mar. 31, 2017	Dec. 31, 2017
2018 Executive Management Incentive Plan [Member]
Compensation Plans (Details) [Line Items]
Compensation Arrangement by Cash and Share-based Payment Award, Component Description	The components of the operational performance metrics and shareholder return metrics are equally weighted and the two metrics each account for 50% of the total target incentive compensation.
Labor and Related Expense	$ 1.9
Accrued Bonuses, Current	$ 1.9
Portion of Awards Paid in Cash	25.00%
Portion of Awards Issued in Equity	75.00%
2017 Executive Management Incentive Plan [Member]
Compensation Plans (Details) [Line Items]
Labor and Related Expense		$ 2
Equity Awards Vesting at the End of 2018 [Member] | 2018 Executive Management Incentive Plan [Member]
Compensation Plans (Details) [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Portion	two-thirds
Equity Awards Vesting in December 2019 [Member] | 2018 Executive Management Incentive Plan [Member]
Compensation Plans (Details) [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Portion	one-third
Share Based Compensation [Member] | Equity Awards Issued in First Quarter of 2018 [Member] | 2017 Executive Management Incentive Plan [Member]
Compensation Plans (Details) [Line Items]
Stock Issued During Period, Shares, Share-based Compensation, Net of Forfeitures (in Shares)	367,333
Stock Issued During Period, Shares, Share-based Compensation, Forfeited (in Shares)	48,533
Shares Issued, Price Per Share (in Dollars per share)	$ 16.92
Stock Issued During Period, Value, Share-based Compensation, Gross	$ 7
Accrued Bonuses, Share Based Compensation, Current			$ 5.8
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized			$ 1.2
Share Based Compensation [Member] | Equity Awards Issued in First Quarter of 2017 [Member] | 2016 Executive Management Incentive Plan [Member]
Compensation Plans (Details) [Line Items]
Stock Issued During Period, Shares, Share-based Compensation, Net of Forfeitures (in Shares)		101,305
Stock Issued During Period, Shares, Share-based Compensation, Forfeited (in Shares)		19,667
Shares Issued, Price Per Share (in Dollars per share)		$ 19.10
Stock Issued During Period, Value, Share-based Compensation, Gross		$ 2.3
Share Based Compensation [Member] | Unrestricted Shares at Time of Issuance [Member] | Equity Awards Issued in First Quarter of 2018 [Member] | 2017 Executive Management Incentive Plan [Member]
Compensation Plans (Details) [Line Items]
Stock Issued During Period, Shares, Share-based Compensation, Net of Forfeitures (in Shares)	223,421
Share Based Compensation [Member] | Unrestricted Shares at Time of Issuance [Member] | Equity Awards Issued in First Quarter of 2017 [Member] | 2016 Executive Management Incentive Plan [Member]
Compensation Plans (Details) [Line Items]
Stock Issued During Period, Shares, Share-based Compensation, Net of Forfeitures (in Shares)		60,028
Share Based Compensation [Member] | Restricted Shares Vesting on December 14, 2018 [Member] | Equity Awards Issued in First Quarter of 2018 [Member] | 2017 Executive Management Incentive Plan [Member]
Compensation Plans (Details) [Line Items]
Stock Issued During Period, Shares, Share-based Compensation, Gross (in Shares)	143,912
Allocated Share-based Compensation Expense	$ 0.3
Share Based Compensation [Member] | Restricted Shares Vesting on December 15, 2017 [Member] | Equity Awards Issued in First Quarter of 2017 [Member] | 2016 Executive Management Incentive Plan [Member]
Compensation Plans (Details) [Line Items]
Stock Issued During Period, Shares, Share-based Compensation, Forfeited (in Shares)			13,129
Stock Issued During Period, Shares, Share-based Compensation, Gross (in Shares)		41,277
Allocated Share-based Compensation Expense		$ 0.1	$ 0.4
Potential Aggregate Payout [Member] | Minimum [Member] | 2018 Executive Management Incentive Plan [Member]
Compensation Plans (Details) [Line Items]
Labor and Related Expense	0
Potential Aggregate Payout [Member] | Maximum [Member] | 2018 Executive Management Incentive Plan [Member]
Compensation Plans (Details) [Line Items]
Labor and Related Expense	$ 20

Legal Proceedings (Details)

Legal Proceedings (Details) - Settlement of 2014 DRIP Litigation [Member] - USD ($) $ in Millions	1 Months Ended	12 Months Ended
	Jan. 31, 2018	Dec. 31, 2016	Dec. 31, 2017
Legal Proceedings (Details) [Line Items]
Estimated Litigation Liability			$ 5.5
Transaction and Litigation Costs (Reimbursements)		$ 5.5
Payments for Legal Settlements	$ 5.5

Subsequent Events (Details)

Subsequent Events (Details) $ / shares in Units, $ in Thousands	May 02, 2018USD ($)	Apr. 30, 2018USD ($)$ / shares	Mar. 31, 2018USD ($)	Mar. 31, 2017USD ($)
Subsequent Events (Details) [Line Items]
Payments of Ordinary Dividends, Common Stock			$ 69,144	$ 66,908
Aggregate Number of Hotel Rooms			30,585
Hotels Under Contract [Member]
Subsequent Events (Details) [Line Items]
Aggregate Number of Hotel Rooms			338
Purchase Contract Gross Purchase Price			$ 65,036
Subsequent Event [Member]
Subsequent Events (Details) [Line Items]
Payments of Ordinary Dividends, Common Stock		$ 23,000
Common Stock, Dividends, Per Share, Cash Paid (in Dollars per share) | $ / shares		$ 0.10
Common Stock, Dividends, Per Share, Declared (in Dollars per share) | $ / shares		$ 0.10
Dividends Payable, Date to be Paid		May 15, 2018
Subsequent Event [Member] | Hotel Acquisitions [Member] | Hampton Inn & Suites Phoenix, AZ [Member]
Subsequent Events (Details) [Line Items]
Aggregate Number of Hotel Rooms	210
Acquisition Consideration Transferred	$ 44,300
Subsequent Event [Member] | Hotels Under Construction [Member] | Hotels Under Contract [Member] | Hampton Inn & Suites and Home2 Suites Cape Canaveral, FL [Member]
Subsequent Events (Details) [Line Items]
Aggregate Number of Hotel Rooms		224
Purchase Contract Gross Purchase Price		$ 46,700