Apple Hospitality REIT (APLE) 10-Q 5 Aug 19 2019 Q2 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - shares	6 Months Ended
	Jun. 30, 2019	Aug. 01, 2019
Document Information Line Items
Entity Registrant Name	APPLE HOSPITALITY REIT, INC
Trading Symbol	APLE
Document Type	10-Q
Current Fiscal Year End Date	--12-31
Entity Common Stock, Shares Outstanding		223,869,190
Amendment Flag	false
Entity Central Index Key	0001418121
Entity Current Reporting Status	Yes
Entity Filer Category	Large Accelerated Filer
Document Period End Date	Jun. 30, 2019
Document Fiscal Year Focus	2019
Document Fiscal Period Focus	Q2
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Document Quarterly Report	true
Document Transition Report	false
Entity File Number	001-37389
Entity Incorporation, State or Country Code	VA
Entity Tax Identification Number	26-1379210
Entity Address, Address Line One	814 East Main Street
Entity Address, City or Town	Richmond
Entity Address, State or Province	VA
Entity Address, Postal Zip Code	23219
City Area Code	(804)
Local Phone Number	344-8121
Title of 12(b) Security	Common Shares, no par value
Security Exchange Name	NYSE
Entity Interactive Data Current	Yes

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Thousands	Jun. 30, 2019	Dec. 31, 2018
Assets
Investment in real estate, net of accumulated depreciation and amortization of $971,738 and $909,893, respectively	$ 4,858,103	$ 4,816,410
Restricted cash-furniture, fixtures and other escrows	33,199	33,632
Due from third party managers, net	52,214	29,091
Other assets, net	45,323	49,539
Total Assets	4,988,839	4,928,672
Liabilities
Debt, net	1,384,314	1,412,242
Finance lease liabilities	163,508	0
Accounts payable and other liabilities	88,949	107,420
Total Liabilities	1,636,771	1,519,662
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 223,869,190 and 223,997,348 shares, respectively	4,493,598	4,495,073
Accumulated other comprehensive income (loss)	(6,158)	10,006
Distributions greater than net income	(1,135,372)	(1,096,069)
Total Shareholders' Equity	3,352,068	3,409,010
Total Liabilities and Shareholders' Equity	$ 4,988,839	$ 4,928,672

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parentheticals) - USD ($) $ in Thousands	Jun. 30, 2019	Dec. 31, 2018
Investment in real estate accumulated depreciation (in Dollars)	$ 971,738	$ 909,893
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	223,869,190	223,997,348
Common stock, shares outstanding	223,869,190	223,997,348

Consolidated Statements of Oper

Consolidated Statements of Operations and Comprehensive Income - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Revenues:
Total revenue	$ 341,117	$ 344,714	$ 644,904	$ 643,103
Hotel operating expense:
Hotel operating expense	187,190	186,531	362,639	358,860
Property taxes, insurance and other	18,823	18,681	38,031	35,910
Operating ground lease	423	2,912	828	5,762
General and administrative	8,308	6,721	16,445	13,598
Loss on impairment of depreciable real estate assets	0	3,135	0	3,135
Depreciation and amortization	48,109	45,743	96,059	90,583
Total expense	262,853	263,723	514,002	507,848
Gain (loss) on sale of real estate	(161)	0	1,052	0
Operating income	78,103	80,991	131,954	135,255
Interest and other expense, net	(15,857)	(13,210)	(31,351)	(25,129)
Income before income taxes	62,246	67,781	100,603	110,126
Income tax expense	(156)	(151)	(362)	(314)
Net income	62,090	67,630	100,241	109,812
Other comprehensive income (loss):
Interest rate derivatives	(10,120)	1,740	(16,164)	8,032
Comprehensive income	$ 51,970	$ 69,370	$ 84,077	$ 117,844
Basic and diluted net income per common share (in Dollars per share)	$ 0.28	$ 0.29	$ 0.45	$ 0.48
Weighted average common shares outstanding - basic and diluted (in Shares)	223,899	230,342	223,915	230,428
Occupancy [Member]
Revenues:
Total revenue	$ 315,232	$ 319,022	$ 594,702	$ 593,858
Food and Beverage [Member]
Revenues:
Total revenue	15,692	16,518	30,707	32,228
Hotel, Other [Member]
Revenues:
Total revenue	10,193	9,174	19,495	17,017
Direct Operating [Member]
Hotel operating expense:
Hotel operating expense	80,166	81,242	155,746	157,196
Hotel Administrative [Member]
Hotel operating expense:
Hotel operating expense	26,967	26,558	52,597	51,660
Sales and Marketing [Member]
Hotel operating expense:
Hotel operating expense	30,831	28,168	58,525	53,500
Public Utilities [Member]
Hotel operating expense:
Hotel operating expense	9,561	10,247	19,500	20,530
Repair and Maintenance [Member]
Hotel operating expense:
Hotel operating expense	13,041	13,476	25,907	25,929
Royalty [Member]
Hotel operating expense:
Hotel operating expense	14,752	14,781	27,863	27,514
Management Service [Member]
Hotel operating expense:
Hotel operating expense	$ 11,872	$ 12,059	$ 22,501	$ 22,531

Consolidated Statements of Shar

Consolidated Statements of Shareholders' Equity - USD ($) shares in Thousands, $ in Thousands	Common Stock [Member]	AOCI Attributable to Parent [Member]	Accumulated Distributions in Excess of Net Income [Member]	Total
Balance at Dec. 31, 2017	$ 4,588,188	$ 9,778	$ (1,026,881)	$ 3,571,085
Balance (in Shares) at Dec. 31, 2017	229,962
Share based compensation, net	$ 6,139			6,139
Share based compensation, net (in Shares)	397
Common shares repurchased	$ (4,304)			(4,304)
Common shares repurchased (in Shares)	(255)
Issuance of common shares, net	$ 4,677			4,677
Issuance of common shares, net (in Shares)	243
Interest rate derivatives		8,032		8,032
Net income			109,812	109,812
Distributions declared to shareholders			(138,204)	(138,204)
Balance at Jun. 30, 2018	$ 4,594,700	17,810	(1,055,273)	3,557,237
Balance (in Shares) at Jun. 30, 2018	230,347
Balance at Mar. 31, 2018	$ 4,594,247	16,070	(1,053,843)	3,556,474
Balance (in Shares) at Mar. 31, 2018	230,340
Share based compensation, net	$ 455			455
Share based compensation, net (in Shares)	7
Issuance of common shares, net	$ (2)			(2)
Interest rate derivatives		1,740		1,740
Net income			67,630	67,630
Distributions declared to shareholders			(69,060)	(69,060)
Balance at Jun. 30, 2018	$ 4,594,700	17,810	(1,055,273)	3,557,237
Balance (in Shares) at Jun. 30, 2018	230,347
Balance at Dec. 31, 2018	$ 4,495,073	10,006	(1,096,069)	3,409,010
Balance (in Shares) at Dec. 31, 2018	223,997
Cumulative effect of the adoption of ASU 2016-02 related to leases			(5,201)	(5,201)
Share based compensation, net	$ 2,621			2,621
Share based compensation, net (in Shares)	146
Common shares repurchased	$ (4,096)			(4,096)
Common shares repurchased (in Shares)	(274)
Interest rate derivatives		(16,164)		(16,164)
Net income			100,241	100,241
Distributions declared to shareholders			(134,343)	(134,343)
Balance at Jun. 30, 2019	$ 4,493,598	(6,158)	(1,135,372)	3,352,068
Balance (in Shares) at Jun. 30, 2019	223,869
Balance at Mar. 31, 2019	$ 4,493,362	3,962	(1,130,297)	3,367,027
Balance (in Shares) at Mar. 31, 2019	223,868
Share based compensation, net	$ 236			236
Share based compensation, net (in Shares)	1
Interest rate derivatives		(10,120)		(10,120)
Net income			62,090	62,090
Distributions declared to shareholders			(67,165)	(67,165)
Balance at Jun. 30, 2019	$ 4,493,598	$ (6,158)	$ (1,135,372)	$ 3,352,068
Balance (in Shares) at Jun. 30, 2019	223,869

Consolidated Statements of Sh_2

Consolidated Statements of Shareholders' Equity (Parentheticals) - $ / shares	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Distributions declared to shareholders	$ 0.30	$ 0.30	$ 0.60	$ 0.60

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018
Cash flows from operating activities:
Net income	$ 100,241	$ 109,812
Adjustments to reconcile net income to cash provided by operating activities:
Depreciation and amortization	96,059	90,583
Loss on impairment of depreciable real estate assets	0	3,135
Gain on sale of real estate	(1,052)	0
Other non-cash expenses, net	2,638	3,993
Changes in operating assets and liabilities:
Increase in due from third party managers, net	(23,097)	(30,542)
Increase in other assets, net	(4,346)	(3,703)
Decrease in accounts payable and other liabilities	(6,371)	(6,910)
Net cash provided by operating activities	164,072	166,368
Cash flows from investing activities:
Acquisition of hotel properties, net	(52,582)	(135,164)
Deposits and other disbursements for potential acquisitions	(946)	(362)
Capital improvements	(38,770)	(39,079)
Net proceeds from sale of real estate	95,029	0
Net cash provided by (used in) investing activities	2,731	(174,605)
Cash flows from financing activities:
Net proceeds related to issuance of common shares	0	4,677
Repurchases of common shares	(4,096)	(4,304)
Repurchases of common shares to satisfy employee withholding requirements	(491)	(876)
Distributions paid to common shareholders	(134,343)	(138,204)
Net payments on existing revolving credit facility	(76,100)	0
Net proceeds from extinguished revolving credit facility	0	111,500
Proceeds from term loans	75,000	0
Proceeds from mortgage debt	0	44,000
Payments of mortgage debt	(27,206)	(6,068)
Net cash (used in) provided by financing activities	(167,236)	10,725
Net change in cash, cash equivalents and restricted cash	(433)	2,488
Cash, cash equivalents and restricted cash, beginning of period	33,632	29,791
Cash, cash equivalents and restricted cash, end of period	33,199	32,279
Supplemental cash flow information:
Interest paid	30,495	24,448
Supplemental disclosure of noncash investing and financing activities:
Accrued distribution to common shareholders	22,385	23,020
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	33,632	29,791
Cash and cash equivalents, end of period	0	0
Restricted cash-furniture, fixtures and other escrows, end of period	$ 33,199	$ 32,279

Organization and Summary of Sig

Organization and Summary of Significant Accounting Policies	6 Months Ended
	Jun. 30, 2019
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 (“U.S.”). 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 June 30, 2019, the Company owned 234 hotels with an aggregate of 30,046 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 U.S. 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, 2018 (the “2018 Form 10-K”). Operating results for the three and six months ended June 30, 2019 are not necessarily indicative of the results that may be expected for the twelve month period ending December 31, 2019. 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 February 2016, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) No. 2016-02, Leases (Topic 842) Leases (Topic 840) Leases (Topic 840) Leases (Topic 842), Targeted Improvements, Leases (Topic 840) The Company adopted Topic 842 effective January 1, 2019, electing to recognize and measure its leases prospectively at the beginning of the period of adoption through a cumulative-effect adjustment to shareholders’ equity, without restating the presentation of periods prior to the effective date, which continue to be reported in accordance with the Company’s historical accounting policy. At adoption, the Company recorded a cumulative-effect adjustment totaling approximately $5.2 million to distributions greater than net income, a component of shareholders’ equity in the Company’s consolidated balance sheet. The Company elected to apply certain practical expedients allowed under the new standard including (i) to use hindsight in determining the term as well as assessing the impairment of its existing leases, (ii) to not assess whether existing land easements not previously accounted for as leases are or contain leases, and (iii) to not evaluate short-term leases with terms of 12 months or less. The Company elected not to apply the package of practical expedients under the new standard which would have allowed the Company to not reassess at the date of adoption: (i) whether any existing contracts meet the definition of a lease, (ii) the lease classification for any existing leases, and (iii) the accounting for initial direct costs of any existing leases. At adoption of the new standard, the Company recorded right-of-use assets and lease liabilities for its ground leases and certain other operating leases (including hotel equipment leases and office space leases) measured at the estimated present value of the remaining minimum lease payments under the leases. Four of the Company’s ground leases that were previously classified as operating leases under Topic 840 are classified as financing leases under Topic 842. For these finance leases, effective January 1, 2019, the Company recognizes amortization expense, included in depreciation and amortization expense, and interest expense, included in interest and other expense, net, instead of operating ground lease expense, in the Company’s consolidated statements of operations. While the total expense recognized over the life of a lease is unchanged, the timing of expense recognition for these finance leases results in higher expense recognition during the earlier years of the lease and lower expense during the later years of the lease. In addition to recording operating and financing right-of-use assets and lease liabilities, the Company also reclassified at adoption of the new standard its intangible assets for below market leases and intangible liabilities for above market leases, as well as its accrued straight-line lease liabilities for its operating leases, to the beginning right-of-use assets. The Company derecognized its accrued straight-line lease liabilities related to its finance leases, which are included in the cumulative-effect adjustment noted above. The Company is also a lessor in certain retail lease agreements related to its real estate, however, there was no material change to the accounting for these leasing arrangements. See Note 9 for additional disclosures pertaining to the Company’s adoption of the new leasing standard.

Investment in Real Estate

Investment in Real Estate	6 Months Ended
	Jun. 30, 2019
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): June 30, December 31, 2019 2018 Land $ 730,614 $ 737,822 Building and Improvements 4,469,348 4,503,728 Furniture, Fixtures and Equipment 471,324 471,399 Finance Ground Lease Assets 144,768 - Franchise Fees 13,787 13,354 5,829,841 5,726,303 Less Accumulated Depreciation and Amortization (971,738 ) (909,893 ) Investment in Real Estate, net $ 4,858,103 $ 4,816,410 Effective January 1, 2019, the Company adopted ASU No. 2016-02, Leases (Topic 842 ), As of June 30, 2019, the Company owned 234 hotels with an aggregate of 30,046 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. Hotel Acquisitions The Company acquired two hotels during the six months ended June 30, 2019. The following table sets forth the location, brand, manager, date acquired, number of rooms and gross purchase price, excluding transaction costs, for each hotel. All dollar amounts are in thousands. City State Brand Manager Date Acquired Rooms Gross Purchase Price St. Paul MN Hampton Vista Host 3/4/2019 160 $ 31,680 Orlando FL Home2 Suites LBA 3/19/2019 128 20,736 288 $ 52,416 During the year ended December 31, 2018, the Company acquired five hotels including four hotels in the first six months of 2018. The following table sets forth the location, brand, manager, date acquired, number of rooms and gross purchase price, excluding transaction costs, for each hotel. All dollar amounts are in thousands. City State Brand Manager Date Acquired Rooms Gross Purchase Price Atlanta/Downtown GA Hampton McKibbon 2/5/2018 119 $ 24,000 Memphis TN Hampton Crestline 2/5/2018 144 39,000 Phoenix AZ Hampton North Central 5/2/2018 210 44,300 Atlanta/Perimeter Dunwoody GA Hampton LBA 6/28/2018 132 29,500 Jacksonville FL Hyatt Place LBA 12/7/2018 127 15,400 732 $ 152,200 The Company used borrowings under its 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 six months ended June 30, 2019, the amount of revenue and operating income included in the Company’s consolidated statement of operations from the date of acquisition through June 30, 2019 was approximately $3.4 million and $0.7 million, respectively. For the four hotels acquired during the six months ended June 30, 2018, the amount of revenue and operating income included in the Company’s consolidated statement of operations from the date of acquisition through June 30, 2018 was approximately $7.1 million and $2.1 million, respectively. Hotel Purchase Contract Commitments As of June 30, 2019, the Company had outstanding contracts for the potential purchase of five hotels for a total expected purchase price of approximately $159.2 million, which are under development and are planned to be completed and opened for business over the next 12 to 24 months from June 30, 2019, at which time closings on these hotels are expected to occur. 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 closings on these hotels will occur under the outstanding purchase contracts. 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 June 30, 2019. All dollar amounts are in thousands. Location (1) Brands Date of Purchase Contract Rooms Refundable Deposits Gross Purchase Price Cape Canaveral, FL (2) Hampton and Home2 Suites 4/11/2018 224 $ 3 $ 46,704 Tempe, AZ (3) Hyatt House and Hyatt Place 6/13/2018 254 720 63,341 Denver, CO Courtyard 4/5/2019 182 586 49,140 660 $ 1,309 $ 159,185 (1) These hotels are currently under development. The table shows the expected number of rooms upon hotel completion and the expected franchise brands. Assuming all conditions to closing are met, the purchases of these hotels are expected to occur over the next 12 to 24 months from June 30, 2019. If the seller meets all of the conditions to closing, the Company is obligated to specifically perform under the contract. As the properties are under development, at this time, the seller has not met all of the conditions to closing. (2) These hotels are part of an adjoining combined 224-room, dual-branded complex that will be located on the same site. (3) These hotels are part of an adjoining combined 254-room, dual-branded complex that will be located on the same site. The Company intends to use borrowings under its credit facilities available at closing to purchase the hotels under contract if a closing occurs.

Dispositions

Dispositions	6 Months Ended
	Jun. 30, 2019
Discontinued Operations and Disposal Groups [Abstract]
Disposal Groups, Including Discontinued Operations, Disclosure [Text Block]	3 . Hotel Dispositions In February 2019, the Company terminated its purchase and sale agreement with an unrelated party for the sale of 16 of its hotels and entered into two purchase and sale agreements with the same unrelated party for the sale of a total of nine hotels for a total combined gross sales price of $95.0 million. On March 28, 2019, the Company completed the sale of the hotels, resulting in a gain of approximately $1.7 million, which is included in the Company’s consolidated statement of operations for the six months ended June 30, 2019. The nine hotels had a total carrying value of approximately $92.9 million at the time of the sale. The following table lists the nine hotels sold: City State Brand Rooms Sarasota FL Homewood Suites 100 Tampa FL TownePlace Suites 94 Baton Rouge LA SpringHill Suites 119 Holly Springs NC Hampton 124 Duncanville TX Hilton Garden Inn 142 Texarkana TX Courtyard 90 Texarkana TX TownePlace Suites 85 Bristol VA Courtyard 175 Harrisonburg VA Courtyard 125 Total 1,054 During the year ended December 31, 2018, the Company sold three hotels in two transactions with unrelated parties for a total combined gross sales price of approximately $15.8 million, resulting in a combined gain on sale of approximately $0.2 million, which is included in the Company’s consolidated statement of operations for the year ended December 31, 2018. Of the three hotels sold, two of the hotels, the Columbus, Georgia 89-room SpringHill Suites and 86-room TownePlace Suites (the “two Columbus hotels”), were sold on July 13, 2018 for a combined gross sales price of $10.0 million, resulting in no gain or loss on the sale, and one hotel, the 72-room Springdale, Arkansas Residence Inn, was sold on November 29, 2018 for a gross sales price of approximately $5.8 million, resulting in a gain of approximately $0.2 million. During the second quarter of 2018, the Company recognized impairment losses of approximately $3.1 million related to these three hotels, which is included in the Company’s consolidated statement of operations for the six months ended June 30, 2018, and consisted of approximately $0.5 million to adjust the bases of the two Columbus hotels that sold in July 2018 to their estimated fair values, which were based on the contracted sales prices, net of estimated selling costs, and approximately $2.6 million to adjust the basis of the Springdale, Arkansas Residence Inn that sold in November 2018 to its estimated fair value, which was based on the offers received at that time, net of estimated selling costs. Excluding gain on sale of real estate, the Company’s consolidated statements of operations include operating income of approximately $1.1 million and $0.5 million for the six months ended June 30, 2019 and 2018, respectively, relating to the results of operations of the twelve hotels sold as noted above for the period of ownership. The sale of these properties does not represent a strategic shift that has, or will have, a major effect on the Company’s operations and financial results, and therefore the operating results for the period of ownership of these properties are included in income from continuing operations for the three and six months ended June 30, 2019 and 2018. The net proceeds from the sales were used to pay down borrowings on the Company’s revolving credit facility.

Debt

Debt	6 Months Ended
	Jun. 30, 2019
Debt Disclosure [Abstract]
Debt Disclosure [Text Block]	4. Debt Summary As of June 30, 2019 and December 31, 2018, the Company’s debt consisted of the following (in thousands): June 30, 2019 December 31, 2018 Revolving credit facility $ 192,700 $ 268,800 Term loans, net 729,022 653,382 Mortgage debt, net 462,592 490,060 Debt, net $ 1,384,314 $ 1,412,242 The aggregate amounts of principal payable under the Company’s total debt obligations as of June 30, 2019 (including the revolving credit facility, term loans and mortgage debt), for the five years subsequent to June 30, 2019 and thereafter are as follows (in thousands): 2019 (July - December) $ 6,600 2020 28,349 2021 47,586 2022 301,952 2023 295,615 Thereafter 709,165 1,389,267 Unamortized fair value adjustment of assumed debt 2,977 Unamortized debt issuance costs related to term loans and mortgage debt (7,930 ) Total $ 1,384,314 The Company uses interest rate swaps to manage its interest rate risks on a portion of its 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 London Inter-Bank Offered Rate for a one-month term (“one-month LIBOR”). The swaps are designed to effectively fix the interest payments on variable-rate debt instruments. See Note 5 for more information on the interest rate swap agreements. The Company’s total fixed-rate and variable-rate debt, after giving effect to its interest rate swaps in effect at June 30, 2019 and December 31, 2018, is set forth below. All dollar amounts are in thousands. June 30, 2019 Percentage December 31, 2018 Percentage Fixed-rate debt (1) $ 1,069,067 77 % $ 1,046,273 74 % Variable-rate debt (2) 320,200 23 % 371,300 26 % Total $ 1,389,267 $ 1,417,573 Weighted-average interest rate of debt 3.76 % 3.74 % (1) Fixed-rate debt includes the portion of variable-rate debt where the interest payments have been effectively fixed by interest rate swaps as of the respective balance sheet date. See Note 5 for more information on the interest rate swap agreements. (2) The Company has two forward interest rate swaps that begin in 2020 that will effectively fix the interest rate on $75 million of the Company's variable-rate debt. See Note 5 for more information on the interest rate swap agreements. Credit Facilities $850 Million Credit Facility On July 27, 2018, the Company entered into an amendment and restatement of its then outstanding unsecured $965 million credit facility, which was repaid at closing, reducing the borrowing capacity to $850 million, reducing the annual interest rate and extending the maturity dates (the “$850 million credit facility”). The $850 million credit facility is comprised of (i) a $425 million revolving credit facility with an initial maturity date of July 27, 2022 and (ii) a $425 million term loan facility consisting of two term loans: a $200 million term loan with a maturity date of July 27, 2023, and a $225 million term loan with a maturity date of January 31, 2024, both funded at closing (the “$425 million term loan facility”). At closing, the Company repaid the $425 million outstanding under the term loans of the $965 million credit facility with the proceeds from the $425 million term loan facility under the $850 million credit facility and borrowed approximately $196 million under the $425 million revolving credit facility to repay the outstanding balance of the extinguished revolving credit facility and to pay closing costs. Subject to certain conditions including covenant compliance and additional fees, the $425 million revolving credit facility maturity date may be extended up to one year. The Company may make voluntary prepayments in whole or in part, at any time. Interest payments on the $850 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 plus a margin ranging from 1.35% to 2.25%, 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 0.25% on the unused portion of the $425 million revolving credit facility, based on the amount of borrowings outstanding during the quarter. $225 Million Term Loan Facility On August 2, 2018, the Company entered into an amendment and restatement of its then outstanding $150 million term loan facility, which was repaid at closing, increasing the borrowing capacity to $225 million, reducing the annual interest rate and extending the maturity dates (the “$225 million term loan facility”). The $225 million term loan facility is comprised of (i) a $50 million term loan with a maturity date of August 2, 2023, which was funded at closing, and (ii) a $175 million term loan with a maturity date of August 2, 2025, of which $100 million was funded at closing and the remaining $75 million was funded on January 29, 2019. At closing, the Company repaid the $150 million outstanding under the $150 million term loan facility with the proceeds from the $225 million term loan facility. The credit agreement contains requirements and covenants similar to the Company’s $850 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 $225 million term loan facility are due monthly and the interest rate, subject to certain exceptions, is equal to an annual rate of the one-month LIBOR plus a margin ranging from 1.35% to 2.50%, 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 $850 million credit facility and the $225 million term loan facility, the “credit facilities”). Although no material terms were changed, the credit agreement was amended and restated in August 2018 as a result of the refinancings noted above. The amended and restated credit agreement contains requirements and covenants similar to the Company’s $850 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 the interest rate is equal to an annual rate of the one-month LIBOR plus a margin ranging from 1.80% to 2.60%, depending upon the Company’s leverage ratio, as calculated under the terms of the credit agreement. In July 2019, the Company entered into an amendment of the $85 million term loan to reduce the interest rate margin to 1.30% to 2.10% for the remainder of the term. As of June 30, 2019 and December 31, 2018, the details of the Company’s credit facilities were as set forth below. All dollar amounts are in thousands. Outstanding Balance Interest Rate Maturity Date June 30, December 31, 2018 Revolving credit facility (1) LIBOR + 1.40% - 2.25% 7/27/2022 $ 192,700 $ 268,800 Term loans $200 million term loan LIBOR + 1.35% - 2.20% 7/27/2023 200,000 200,000 $225 million term loan LIBOR + 1.35% - 2.20% 1/31/2024 225,000 225,000 $50 million term loan LIBOR + 1.35% - 2.20% 8/2/2023 50,000 50,000 $175 million term loan LIBOR + 1.65% - 2.50% 8/2/2025 175,000 100,000 $85 million term loan LIBOR + 1.80% - 2.60% 7/25/2024 85,000 85,000 Term loans at stated value 735,000 660,000 Unamortized debt issuance costs (5,978 ) (6,618 ) Term loans, net 729,022 653,382 Revolving credit facility and term loans, net (1) $ 921,722 $ 922,182 Weighted-average interest rate (2) 3.42 % 3.37 % (1) Excludes unamortized debt issuance costs related to the revolving credit facility totaling approximately $3.1 million and $3.6 million as of June 30, 2019 and December 31, 2018, respectively, which are included in other assets, net in the Company's consolidated balance sheets. (2) Interest rate represents the weighted-average effective annual interest rate at the balance sheet date which includes the effect of interest rate swaps in effect on $607.5 million and $557.5 million of the outstanding variable-rate debt as of June 30, 2019 and December 31, 2018, respectively. See Note 5 for more information on the interest rate swap agreements. The one-month LIBOR at June 30, 2019 and December 31, 2018 was 2.40% and 2.50%, respectively. The credit agreements governing the credit facilities 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 and restrictions on certain investments. The Company was in compliance with the applicable covenants at June 30, 2019. Mortgage Debt As of June 30, 2019, the Company had approximately $461.6 million in outstanding mortgage debt secured by 29 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 June 30, 2019 and December 31, 2018 for each of the Company’s mortgage 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 June 30, 2019 Outstanding balance as of December 31, 2018 Syracuse, NY Courtyard 4.75 % 10/16/2015 (2) $ 11,199 $ - $ 10,357 Syracuse, NY Residence Inn 4.75 % 10/16/2015 (2) 11,199 - 10,357 San Juan Capistrano, CA Residence Inn 4.15 % 9/1/2016 6/1/2020 16,210 15,253 15,431 Colorado Springs, CO Hampton 6.25 % 9/1/2016 7/6/2021 7,923 7,545 7,617 Franklin, TN Courtyard 6.25 % 9/1/2016 8/6/2021 14,679 13,982 14,115 Franklin, TN Residence Inn 6.25 % 9/1/2016 8/6/2021 14,679 13,982 14,115 Grapevine, TX Hilton Garden Inn 4.89 % 8/29/2012 9/1/2022 11,810 9,940 10,101 Collegeville/Philadelphia, PA Courtyard 4.89 % 8/30/2012 9/1/2022 12,650 10,647 10,820 Hattiesburg, MS Courtyard 5.00 % 3/1/2014 9/1/2022 5,732 4,978 5,058 Rancho Bernardo/San Diego, CA Courtyard 5.00 % 3/1/2014 9/1/2022 15,060 13,079 13,289 Kirkland, WA Courtyard 5.00 % 3/1/2014 9/1/2022 12,145 10,548 10,717 Seattle, WA Residence Inn 4.96 % 3/1/2014 9/1/2022 28,269 24,532 24,928 Anchorage, AK Embassy Suites 4.97 % 9/13/2012 10/1/2022 23,230 19,643 19,957 Somerset, NJ Courtyard 4.73 % 3/1/2014 10/6/2022 8,750 7,568 7,692 Tukwila, WA Homewood Suites 4.73 % 3/1/2014 10/6/2022 9,431 8,156 8,291 Prattville, AL Courtyard 4.12 % 3/1/2014 2/6/2023 6,596 5,657 5,754 Huntsville, AL Homewood Suites 4.12 % 3/1/2014 2/6/2023 8,306 7,123 7,246 San Diego, CA Residence Inn 3.97 % 3/1/2014 3/6/2023 18,600 15,921 16,198 Miami, FL Homewood Suites 4.02 % 3/1/2014 4/1/2023 16,677 14,301 14,547 New Orleans, LA Homewood Suites 4.36 % 7/17/2014 8/11/2024 27,000 23,875 24,232 Westford, MA Residence Inn 4.28 % 3/18/2015 4/11/2025 10,000 9,007 9,137 Denver, CO Hilton Garden Inn 4.46 % 9/1/2016 6/11/2025 34,118 31,757 32,198 Oceanside, CA Courtyard 4.28 % 9/1/2016 10/1/2025 13,655 12,946 13,077 Omaha, NE Hilton Garden Inn 4.28 % 9/1/2016 10/1/2025 22,682 21,503 21,722 Boise, ID Hampton 4.37 % 5/26/2016 6/11/2026 24,000 22,803 23,015 Burbank, CA Courtyard 3.55 % 11/3/2016 12/1/2026 25,564 23,903 24,247 San Diego, CA Courtyard 3.55 % 11/3/2016 12/1/2026 25,473 23,818 24,161 San Diego, CA Hampton 3.55 % 11/3/2016 12/1/2026 18,963 17,730 17,986 Burbank, CA SpringHill Suites 3.94 % 3/9/2018 4/1/2028 28,470 27,671 28,018 Santa Ana, CA Courtyard 3.94 % 3/9/2018 4/1/2028 15,530 15,094 15,283 San Jose, CA Homewood Suites 4.22 % 12/22/2017 1/1/2038 30,000 28,605 29,107 $ 528,600 461,567 488,773 Unamortized fair value adjustment of assumed debt 2,977 3,428 Unamortized debt issuance costs (1,952 ) (2,141 ) Total $ 462,592 $ 490,060 (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) Loans were repaid in full in May 2019.

Fair Value of Financial Instrum

Fair Value of Financial Instruments	6 Months Ended
	Jun. 30, 2019
Fair Value Disclosures [Abstract]
Fair Value Disclosures [Text Block]	5 . 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 June 30, 2019 and December 31, 2018, both the carrying value and estimated fair value of the Company’s debt were approximately $1.4 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, if in an asset position, are included in other assets, net, and, if in a liability position, are included in accounts payable and other liabilities 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 June 30, 2019 and December 31, 2018. All dollar amounts are in thousands. Notional Fair Value Asset (Liability) Hedge Type Amount at June 30, 2019 Origination Date Maturity Date Swap Fixed Interest Rate June 30, December 31, 2018 Cash flow hedge $ 212,500 5/21/2015 5/18/2020 1.58 % $ 565 $ 2,744 Cash flow hedge 110,000 7/2/2015 5/18/2020 1.62 % 255 1,361 Cash flow hedge 50,000 4/7/2016 3/31/2021 1.09 % 519 1,519 Cash flow hedge 100,000 4/7/2016 3/31/2023 1.33 % 1,010 4,477 Cash flow hedge 75,000 5/31/2017 6/30/2024 1.96 % (1,200 ) 1,905 Cash flow hedge 10,000 8/10/2017 6/30/2024 2.01 % (180 ) 226 Cash flow hedge (1) 50,000 6/1/2018 6/30/2025 2.89 % (3,551 ) (1,276 ) Cash flow hedge (2) 25,000 12/6/2018 6/30/2025 2.75 % (1,466 ) (379 ) Cash flow hedge (3) 50,000 12/7/2018 1/31/2024 2.72 % (2,110 ) (571 ) $ 682,500 $ (6,158 ) $ 10,006 (1) In June 2018 the Company entered into a forward interest rate swap agreement with a commercial bank, which beginning January 31, 2019 effectively fixes the interest rate on $50 million of the Company's variable-rate debt. (2) In December 2018 the Company entered into a forward interest rate swap agreement with a commercial bank, which beginning January 31, 2020 will effectively fix the interest rate on $25 million of the Company's variable-rate debt. (3) In December 2018 the Company entered into a forward interest rate swap agreement with a commercial bank, which beginning May 18, 2020 will effectively fix the interest rate on $50 million of the Company's variable-rate debt. The Company assesses, both at inception and on an ongoing basis, the effectiveness of its qualifying cash flow hedges. The change in the fair value of the Company’s designated cash flow hedges is recorded to accumulated other comprehensive income (loss), a component of shareholders’ equity in the Company’s consolidated balance sheets. Amounts reported in accumulated other comprehensive income (loss) 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 $1.0 million of net unrealized gains included in accumulated other comprehensive income (loss) at June 30, 2019 will be reclassified as a decrease to interest and other expense, net within the next 12 months. 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 and six months ended June 30, 2019 and 2018 (in thousands): Net Unrealized Gain (Loss) Recognized in Other Comprehensive Income (Loss) Net Unrealized Gain Reclassified from Accumulated Other Comprehensive Income (Loss) to Interest and Other Expense, net Three Months Ended June 30, Three Months Ended June 30, 2019 2018 2019 2018 Interest rate derivatives in cash flow hedging relationships $ (8,898 ) $ 2,252 $ 1,222 $ 512 Net Unrealized Gain (Loss) Recognized in Other Comprehensive Income (Loss) Net Unrealized Gain Reclassified from Accumulated Other Comprehensive Income (Loss) to Interest and Other Expense, net Six Months Ended June 30, Six Months Ended June 30, 2019 2018 2019 2018 Interest rate derivatives in cash flow hedging relationships $ (13,668 ) $ 8,600 $ 2,496 $ 568

Related Parties

Related Parties	6 Months Ended
	Jun. 30, 2019
Related Party Transactions [Abstract]
Related Party Transactions Disclosure [Text Block]	6 . 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 2018 Form 10-K. Below is a summary of the significant related party relationships in effect during the six months ended June 30, 2019 and 2018. 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 allocated by the Company to ARG for the six months ended June 30, 2019 and 2018 totaled approximately $0.6 million and $0.5 million, respectively, 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 June 30, 2019 and December 31, 2018, total amounts due from ARG for reimbursements under the cost sharing structure totaled approximately $0.3 million and $0.4 million, respectively, 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, which leasing activity 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 six months ended June 30, 2019 and 2018 were approximately $0.05 million for each respective period, and are included in general and administrative expenses in the Company’s consolidated statements of operations.

Shareholders' Equity

Shareholders' Equity	6 Months Ended
	Jun. 30, 2019
Stockholders' Equity Note [Abstract]
Stockholders' Equity Note Disclosure [Text Block]	7 . Shareholders ’ Equity Distributions The Company’s current annual distribution rate, payable monthly, is $1.20 per common share. For the three months ended June 30, 2019 and 2018, the Company paid distributions of $0.30 per common share for a total of $67.2 million and $69.1 million, respectively. For the six months ended June 30, 2019 and 2018, the Company paid distributions of $0.60 per common share for a total of $134.3 and $138.2 million, respectively. Additionally, in June 2019, the Company declared a monthly distribution of $0.10 per common share, totaling $22.4 million, which was recorded as a payable as of June 30, 2019 and paid in July 2019. As of December 31, 2018, a monthly distribution of $0.10 per common share, totaling $22.4 million, was recorded as a payable and paid in January 2019. These accrued distributions were included in accounts payable and other liabilities in the Company’s consolidated balance sheets. Share Repurchase s In May 2019, the Company’s Board of Directors approved an extension of its existing share repurchase program (the “Share Repurchase Program”), authorizing share repurchases up to an aggregate of $360 million. The Share Repurchase Program may be suspended or terminated at any time by the Company and will end in July 2020 if not terminated earlier. The Company has a 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. During the first quarter of 2019 and 2018, the Company purchased, under its Share Repurchase Program, approximately 0.3 million of its common shares in each respective period, at a weighted-average market purchase price of approximately $14.93 and $16.89 per common share for an aggregate purchase price, including commissions, of approximately $4.1 million and $4.3 million, respectively. No shares were repurchased during the second quarter of 2019 and 2018. Repurchases under the Share Repurchase Program have been funded, and the Company intends to fund future repurchases, with availability under its credit facilities.

Compensation Plans

Compensation Plans	6 Months Ended
	Jun. 30, 2019
Disclosure Text Block Supplement [Abstract]
Compensation and Employee Benefit Plans [Text Block]	8 . Compensation Plan s The Company annually establishes an incentive plan for its executive management. Under the incentive plan for 2019 (the “2019 Incentive Plan”), participants are eligible to receive a bonus based on the achievement of certain 2019 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 operational performance metrics are equally weighted and account for 50% of the total target incentive compensation. The shareholder return metrics are weighted 75% for relative shareholder return metrics and 25% for total shareholder return metrics, and account for 50% of the total target incentive compensation. At June 30, 2019, the range of potential aggregate payouts under the 2019 Incentive Plan was $0 - $18 million. Based on performance through June 30, 2019, the Company has accrued approximately $4.7 million as a liability for potential executive bonus payments under the 2019 Incentive Plan, which is included in accounts payable and other liabilities in the Company’s consolidated balance sheet as of June 30, 2019. Compensation expense recognized by the Company under the 2019 Incentive Plan is included in general and administrative expenses in the Company’s consolidated statements of operations and totaled approximately $2.5 million and $4.7 million for the three and six months ended June 30, 2019, respectively. Approximately 25% of awards under the 2019 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 2019 and one-third of which will vest in December 2020. Under the incentive plan for 2018 (the “2018 Incentive Plan”), the Company recorded approximately $1.8 million and $3.7 million in general and administrative expenses in the Company’s consolidated statements of operations for the three and six months ended June 30, 2018, respectively. During the six months ended June 30, 2019, the Company incurred a one-time separation payment of $0.5 million in connection with the retirement of the Company’s Executive Vice President and Chief Legal Officer which, pursuant to the separation and general release agreement executed in March 2019, was paid in April 2019 and was included in general and administrative expenses in the Company’s consolidated statement of operations for the six months ended June 30, 2019. Share- Based Compensation Awards The following table sets forth information pertaining to the share-based compensation issued under the 2018 Incentive Plan and the incentive plan for 2017 (the “2017 Incentive Plan”). 2018 Incentive Plan 2017 Incentive Plan Period common shares issued First Quarter 2019 First Quarter 2018 Common shares earned under each incentive plan 156,926 415,866 Common shares surrendered on issuance date to satisfy tax withholding obligations 24,999 48,533 Common shares earned and issued under each incentive plan, net of common shares surrendered on issuance date to satisfy tax withholding obligations 131,927 367,333 Closing stock price on issuance date $ 16.49 $ 16.92 Total share-based compensation earned, including the surrendered shares (in millions) $ 2.6 (1) $ 7.0 (2) Of the total common shares earned and issued, total common shares unrestricted at time of issuance 105,345 223,421 Of the total common shares earned and issued, total common shares restricted at time of issuance 26,582 143,912 Restricted common shares vesting date December 13, 2019 December 14, 2018 Common shares surrendered on vesting date to satisfy tax withholding requirements resulting from vesting of restricted common shares n/a 41,389 (1) Of the total 2018 share-based compensation, approximately $2.4 million was recorded as a liability as of December 31, 2018 and is included in accounts payable and other liabilities in the Company's consolidated balance sheet at December 31, 2018. The remaining $0.2 million, which is subject to vesting on December 13, 2019 and excludes any restricted shares forfeited or vested prior to that date, will be recognized as share-based compensation expense proportionately throughout 2019. For the three and six months ended June 30, 2019, the Company recognized approximately $0.04 million and $0.1 million, respectively, of share-based compensation expense related to restricted share awards. (2) Of the total 2017 share-based compensation, approximately $1.2 million, which vested on December 14, 2018, was recognized as share-based compensation expense proportionately throughout 2018. For the three and six months ended June 30, 2018, the Company recognized approximately $0.3 million and $0.6 million, respectively, of share-based compensation expense related to restricted share awards.

Leases

Leases	6 Months Ended
	Jun. 30, 2019
Lessee, Operating and Financing Leases [Abstract]
Lessee, Operating and Financing Leases [Text Block]	9 . Leases The Company is the lessee on certain ground leases, hotel equipment leases and office space leases. As of June 30, 2019, the Company had 13 hotels subject to ground leases and three parking lot ground leases with remaining terms ranging from approximately four five The Company adopted ASU No. 2016-02, Leases (Topic 842) Under the new standard, the Company’s leases are classified as operating or finance leases. For leases with terms greater than 12 months, the Company recognizes a ROU asset and lease liability at the estimated present value of the minimum lease payments over the lease term. ROU assets represent the Company’s right to use an underlying asset for the lease term and lease liabilities represent the Company’s obligation to make lease payments arising from the lease. Many of the Company’s leases include rental escalation clauses (including fixed schedule rent increases) and renewal options that are factored into the determination of lease payments when appropriate and the present value of the remaining lease payments is adjusted accordingly. The Company utilizes interest rates implicit in the lease if determinable or, if not, it estimates its incremental borrowing rate from information available at lease commencement, to determine the present value of the lease payments. At transition to the new standard, the Company used information available at that time to determine the incremental borrowing rates on its existing leases at January 1, 2019 based on estimates of rates the Company would pay for senior collateralized loans with terms similar to each lease. Twelve of the Company’s hotel and parking lot ground leases as well as all of its hotel equipment leases and office space leases are classified as operating leases, for which the Company recorded ROU assets and lease liabilities at adoption of the new standard. The ROU assets are included in other assets, net and the lease liabilities are included in accounts payable and other liabilities in the Company’s consolidated balance sheet. In addition, at adoption of the new standard, the Company reclassified its intangible assets for below market ground leases and intangible liabilities for above market ground leases related to these leases from other assets, net and accounts payable and other liabilities in the Company’s consolidated balance sheet, respectively, as well as accrued straight-line lease liabilities related to these leases from accounts payable and other liabilities in the Company’s consolidated balance sheet to the beginning ROU assets. Lease expense is recognized on a straight-line basis over the term of the respective lease and the value of each lease intangible is amortized over the term of the respective lease. Costs related to operating ground leases are included in operating ground lease expense, while costs related to hotel equipment leases are included in hotel operating expense and property taxes, insurance and other expense, and costs related to office space leases are included in general and administrative expense in the Company’s consolidated statements of operations. Four of the Company’s hotel ground leases are classified as finance leases, for which the Company recorded ROU assets and lease liabilities at adoption of the new standard. The ROU assets are recorded as finance ground lease assets within investment in real estate, net and the lease liabilities are recorded as finance lease liabilities in the Company’s consolidated balance sheet. In addition, at adoption of the new standard, the Company reclassified its intangible assets for below market ground leases and intangible liabilities for above market ground leases related to these leases from other assets, net and accounts payable and other liabilities in the Company’s consolidated balance sheet, respectively, to the beginning ROU assets. At adoption of the new standard, the Company recorded a cumulative-effect adjustment totaling approximately $5.2 million, which included the derecognition of accrued straight-line lease liabilities related to the finance leases, to distributions greater than net income, a component of shareholders’ equity in the Company’s consolidated balance sheet. The ROU asset and value of each lease intangible is amortized over the term of the respective lease. Costs related to finance ground leases are included in depreciation and amortization expense and interest and other expense, net in the Company’s consolidated statement of operations. Lease Position as of June 30 , 2019 The following table sets forth the lease-related assets and liabilities included in the Company’s consolidated balance sheet as of June 30, 2019. All dollar amounts are in thousands. Consolidated Balance Sheet Classification June 30, 2019 Assets Operating lease assets, net Other assets, net $ 28,941 Finance ground lease assets, net (1) Investment in real estate, net 142,661 Total lease assets $ 171,602 Liabilities Operating lease liabilities Accounts payable and other liabilities $ 12,470 Finance lease liabilities Finance lease liabilities 163,508 Total lease liabilities $ 175,978 Weighted-average remaining lease term Operating leases 36 years Finance leases 32 years Weighted-average discount rate Operating leases 5.43 % Finance leases 5.28 % (1) Finance ground lease assets are net of accumulated amortization of approximately $2.1 million as of June 30, 2019. Lease Costs for the Three and Six Months Ended June 30 , 2019 The following table sets forth the lease costs related to the Company’s operating and finance ground leases included in the Company’s consolidated statements of operations for the three and six months ended June 30, 2019 (in thousands): Consolidated Statements of Operations Classification Three Months Ended June 30, 2019 Six Months Ended June 30, 2019 Operating lease costs (1) Operating ground lease expense $ 423 $ 828 Finance lease costs: Amortization of lease assets Depreciation and amortization expense 1,149 2,190 Interest on lease liabilities Interest and other expense, net 2,133 3,959 Total lease costs $ 3,705 $ 6,977 (1) Represents costs related to ground leases, including variable lease costs. Excludes costs related to hotel equipment leases, which are included in hotel operating expense and property taxes, insurance and other expense, and costs related to office space leases, which are included in general and administrative expense in the Company's consolidated statements of operations. Undiscounted Cash Flows The following table reconciles the undiscounted cash flows for each of the next five years and total of the remaining years to the operating lease liabilities and finance lease liabilities included in the Company’s consolidated balance sheet as of June 30, 2019 (in thousands): Operating leases Finance leases 2019 (July - December) $ 697 $ 4,126 2020 1,231 7,385 2021 1,015 7,552 2022 851 7,702 2023 777 8,051 Thereafter 33,187 363,171 Total minimum lease payments 37,758 397,987 Less: amount of lease payments representing interest 25,288 234,479 Present value of lease liabilities $ 12,470 $ 163,508 Other Information The following table sets forth supplemental cash flow information related to the Company’s operating and finance leases for the six months ended June 30, 2019 (in thousands): Six Months Ended June 30, 2019 Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows for operating leases $ 727 Operating cash flows for finance leases 2,885

Subsequent Events

Subsequent Events	6 Months Ended
	Jun. 30, 2019
Subsequent Events [Abstract]
Subsequent Events [Text Block]	10 . Subsequent Events In July 2019, the Company paid approximately $22.4 million, or $0.10 per outstanding common share, in distributions to its common shareholders. In July 2019, the Company declared a regular monthly cash distribution of $0.10 per common share for the month of August 2019. The distribution is payable on August 15, 2019. In July 2019, the Company entered into two unrelated purchase contracts for the purchase of two hotels. The first purchase contract is for a hotel that will be constructed in Madison, Wisconsin, for an anticipated gross purchase price of approximately $49.6 million. This hotel is planned to be a Hilton Garden Inn which is expected to contain 176 guest rooms. The second purchase contract is for an existing hotel located in Richmond, Virginia, for an anticipated gross purchase price of approximately $7.3 million. This is an independent boutique hotel containing 55 guest rooms. 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 closings on these hotels will occur under the outstanding purchase contracts.

Accounting Policies, by Policy

Accounting Policies, by Policy (Policies)	6 Months Ended
	Jun. 30, 2019
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 (“U.S.”). 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 June 30, 2019, the Company owned 234 hotels with an aggregate of 30,046 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 U.S. 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, 2018 (the “2018 Form 10-K”). Operating results for the three and six months ended June 30, 2019 are not necessarily indicative of the results that may be expected for the twelve month period ending December 31, 2019.
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 February 2016, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) No. 2016-02, Leases (Topic 842) Leases (Topic 840) Leases (Topic 840) Leases (Topic 842), Targeted Improvements, Leases (Topic 840) The Company adopted Topic 842 effective January 1, 2019, electing to recognize and measure its leases prospectively at the beginning of the period of adoption through a cumulative-effect adjustment to shareholders’ equity, without restating the presentation of periods prior to the effective date, which continue to be reported in accordance with the Company’s historical accounting policy. At adoption, the Company recorded a cumulative-effect adjustment totaling approximately $5.2 million to distributions greater than net income, a component of shareholders’ equity in the Company’s consolidated balance sheet. The Company elected to apply certain practical expedients allowed under the new standard including (i) to use hindsight in determining the term as well as assessing the impairment of its existing leases, (ii) to not assess whether existing land easements not previously accounted for as leases are or contain leases, and (iii) to not evaluate short-term leases with terms of 12 months or less. The Company elected not to apply the package of practical expedients under the new standard which would have allowed the Company to not reassess at the date of adoption: (i) whether any existing contracts meet the definition of a lease, (ii) the lease classification for any existing leases, and (iii) the accounting for initial direct costs of any existing leases. At adoption of the new standard, the Company recorded right-of-use assets and lease liabilities for its ground leases and certain other operating leases (including hotel equipment leases and office space leases) measured at the estimated present value of the remaining minimum lease payments under the leases. Four of the Company’s ground leases that were previously classified as operating leases under Topic 840 are classified as financing leases under Topic 842. For these finance leases, effective January 1, 2019, the Company recognizes amortization expense, included in depreciation and amortization expense, and interest expense, included in interest and other expense, net, instead of operating ground lease expense, in the Company’s consolidated statements of operations. While the total expense recognized over the life of a lease is unchanged, the timing of expense recognition for these finance leases results in higher expense recognition during the earlier years of the lease and lower expense during the later years of the lease. In addition to recording operating and financing right-of-use assets and lease liabilities, the Company also reclassified at adoption of the new standard its intangible assets for below market leases and intangible liabilities for above market leases, as well as its accrued straight-line lease liabilities for its operating leases, to the beginning right-of-use assets. The Company derecognized its accrued straight-line lease liabilities related to its finance leases, which are included in the cumulative-effect adjustment noted above. The Company is also a lessor in certain retail lease agreements related to its real estate, however, there was no material change to the accounting for these leasing arrangements. See Note 9 for additional disclosures pertaining to the Company’s adoption of the new leasing standard.

Investment in Real Estate (Tabl

Investment in Real Estate (Tables)	6 Months Ended
	Jun. 30, 2019
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): June 30, December 31, 2019 2018 Land $ 730,614 $ 737,822 Building and Improvements 4,469,348 4,503,728 Furniture, Fixtures and Equipment 471,324 471,399 Finance Ground Lease Assets 144,768 - Franchise Fees 13,787 13,354 5,829,841 5,726,303 Less Accumulated Depreciation and Amortization (971,738 ) (909,893 ) Investment in Real Estate, net $ 4,858,103 $ 4,816,410
Schedule of Outstanding Contracts for Potential Purchase of Real Estate Properties [Table Text Block]	As of June 30, 2019, the Company had outstanding contracts for the potential purchase of five hotels for a total expected purchase price of approximately $159.2 million, which are under development and are planned to be completed and opened for business over the next 12 to 24 months from June 30, 2019, at which time closings on these hotels are expected to occur. 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 closings on these hotels will occur under the outstanding purchase contracts. 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 June 30, 2019. All dollar amounts are in thousands. Location (1) Brands Date of Purchase Contract Rooms Refundable Deposits Gross Purchase Price Cape Canaveral, FL (2) Hampton and Home2 Suites 4/11/2018 224 $ 3 $ 46,704 Tempe, AZ (3) Hyatt House and Hyatt Place 6/13/2018 254 720 63,341 Denver, CO Courtyard 4/5/2019 182 586 49,140 660 $ 1,309 $ 159,185 (1) These hotels are currently under development. The table shows the expected number of rooms upon hotel completion and the expected franchise brands. Assuming all conditions to closing are met, the purchases of these hotels are expected to occur over the next 12 to 24 months from June 30, 2019. If the seller meets all of the conditions to closing, the Company is obligated to specifically perform under the contract. As the properties are under development, at this time, the seller has not met all of the conditions to closing. (2) These hotels are part of an adjoining combined 224-room, dual-branded complex that will be located on the same site. (3) These hotels are part of an adjoining combined 254-room, dual-branded complex that will be located on the same site.
2019 Acquisitions [Member]
Investment in Real Estate (Tables) [Line Items]
Schedule of Real Estate Properties [Table Text Block]	The Company acquired two hotels during the six months ended June 30, 2019. The following table sets forth the location, brand, manager, date acquired, number of rooms and gross purchase price, excluding transaction costs, for each hotel. All dollar amounts are in thousands. City State Brand Manager Date Acquired Rooms Gross Purchase Price St. Paul MN Hampton Vista Host 3/4/2019 160 $ 31,680 Orlando FL Home2 Suites LBA 3/19/2019 128 20,736 288 $ 52,416
2018 Acquisitions [Member]
Investment in Real Estate (Tables) [Line Items]
Schedule of Real Estate Properties [Table Text Block]	During the year ended December 31, 2018, the Company acquired five hotels including four hotels in the first six months of 2018. The following table sets forth the location, brand, manager, date acquired, number of rooms and gross purchase price, excluding transaction costs, for each hotel. All dollar amounts are in thousands. City State Brand Manager Date Acquired Rooms Gross Purchase Price Atlanta/Downtown GA Hampton McKibbon 2/5/2018 119 $ 24,000 Memphis TN Hampton Crestline 2/5/2018 144 39,000 Phoenix AZ Hampton North Central 5/2/2018 210 44,300 Atlanta/Perimeter Dunwoody GA Hampton LBA 6/28/2018 132 29,500 Jacksonville FL Hyatt Place LBA 12/7/2018 127 15,400 732 $ 152,200

Dispositions (Tables)

Dispositions (Tables)	6 Months Ended
	Jun. 30, 2019
Discontinued Operations and Disposal Groups [Abstract]
Disposal Group, Schedule of Property Disposed During Period [Table Text Block]	In February 2019, the Company terminated its purchase and sale agreement with an unrelated party for the sale of 16 of its hotels and entered into two purchase and sale agreements with the same unrelated party for the sale of a total of nine hotels for a total combined gross sales price of $95.0 million. On March 28, 2019, the Company completed the sale of the hotels, resulting in a gain of approximately $1.7 million, which is included in the Company’s consolidated statement of operations for the six months ended June 30, 2019. The nine hotels had a total carrying value of approximately $92.9 million at the time of the sale. The following table lists the nine hotels sold: City State Brand Rooms Sarasota FL Homewood Suites 100 Tampa FL TownePlace Suites 94 Baton Rouge LA SpringHill Suites 119 Holly Springs NC Hampton 124 Duncanville TX Hilton Garden Inn 142 Texarkana TX Courtyard 90 Texarkana TX TownePlace Suites 85 Bristol VA Courtyard 175 Harrisonburg VA Courtyard 125 Total 1,054

Debt (Tables)

Debt (Tables)	6 Months Ended
	Jun. 30, 2019
Debt (Tables) [Line Items]
Schedule of Maturities of Long-term Debt [Table Text Block]	The aggregate amounts of principal payable under the Company’s total debt obligations as of June 30, 2019 (including the revolving credit facility, term loans and mortgage debt), for the five years subsequent to June 30, 2019 and thereafter are as follows (in thousands): 2019 (July - December) $ 6,600 2020 28,349 2021 47,586 2022 301,952 2023 295,615 Thereafter 709,165 1,389,267 Unamortized fair value adjustment of assumed debt 2,977 Unamortized debt issuance costs related to term loans and mortgage debt (7,930 ) Total $ 1,384,314
Schedule of Total Fixed-Rate and Variable-Rate Debt [Table Text Block]	The Company uses interest rate swaps to manage its interest rate risks on a portion of its 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 London Inter-Bank Offered Rate for a one-month term (“one-month LIBOR”). The swaps are designed to effectively fix the interest payments on variable-rate debt instruments. See Note 5 for more information on the interest rate swap agreements. The Company’s total fixed-rate and variable-rate debt, after giving effect to its interest rate swaps in effect at June 30, 2019 and December 31, 2018, is set forth below. All dollar amounts are in thousands. June 30, 2019 Percentage December 31, 2018 Percentage Fixed-rate debt (1) $ 1,069,067 77 % $ 1,046,273 74 % Variable-rate debt (2) 320,200 23 % 371,300 26 % Total $ 1,389,267 $ 1,417,573 Weighted-average interest rate of debt 3.76 % 3.74 % (1) Fixed-rate debt includes the portion of variable-rate debt where the interest payments have been effectively fixed by interest rate swaps as of the respective balance sheet date. See Note 5 for more information on the interest rate swap agreements. (2) The Company has two forward interest rate swaps that begin in 2020 that will effectively fix the interest rate on $75 million of the Company's variable-rate debt. See Note 5 for more information on the interest rate swap agreements.
Summary [Member]
Debt (Tables) [Line Items]
Schedule of Long-term Debt Instruments [Table Text Block]	As of June 30, 2019 and December 31, 2018, the Company’s debt consisted of the following (in thousands): June 30, 2019 December 31, 2018 Revolving credit facility $ 192,700 $ 268,800 Term loans, net 729,022 653,382 Mortgage debt, net 462,592 490,060 Debt, net $ 1,384,314 $ 1,412,242
Credit Facilities [Member]
Debt (Tables) [Line Items]
Schedule of Long-term Debt Instruments [Table Text Block]	As of June 30, 2019 and December 31, 2018, the details of the Company’s credit facilities were as set forth below. All dollar amounts are in thousands. Outstanding Balance Interest Rate Maturity Date June 30, December 31, 2018 Revolving credit facility (1) LIBOR + 1.40% - 2.25% 7/27/2022 $ 192,700 $ 268,800 Term loans $200 million term loan LIBOR + 1.35% - 2.20% 7/27/2023 200,000 200,000 $225 million term loan LIBOR + 1.35% - 2.20% 1/31/2024 225,000 225,000 $50 million term loan LIBOR + 1.35% - 2.20% 8/2/2023 50,000 50,000 $175 million term loan LIBOR + 1.65% - 2.50% 8/2/2025 175,000 100,000 $85 million term loan LIBOR + 1.80% - 2.60% 7/25/2024 85,000 85,000 Term loans at stated value 735,000 660,000 Unamortized debt issuance costs (5,978 ) (6,618 ) Term loans, net 729,022 653,382 Revolving credit facility and term loans, net (1) $ 921,722 $ 922,182 Weighted-average interest rate (2) 3.42 % 3.37 % (1) Excludes unamortized debt issuance costs related to the revolving credit facility totaling approximately $3.1 million and $3.6 million as of June 30, 2019 and December 31, 2018, respectively, which are included in other assets, net in the Company's consolidated balance sheets. (2) Interest rate represents the weighted-average effective annual interest rate at the balance sheet date which includes the effect of interest rate swaps in effect on $607.5 million and $557.5 million of the outstanding variable-rate debt as of June 30, 2019 and December 31, 2018, respectively. See Note 5 for more information on the interest rate swap agreements. The one-month LIBOR at June 30, 2019 and December 31, 2018 was 2.40% and 2.50%, respectively.
Mortgage Debt [Member]
Debt (Tables) [Line Items]
Schedule of Long-term Debt Instruments [Table Text Block]	As of June 30, 2019, the Company had approximately $461.6 million in outstanding mortgage debt secured by 29 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 June 30, 2019 and December 31, 2018 for each of the Company’s mortgage 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 June 30, 2019 Outstanding balance as of December 31, 2018 Syracuse, NY Courtyard 4.75 % 10/16/2015 (2) $ 11,199 $ - $ 10,357 Syracuse, NY Residence Inn 4.75 % 10/16/2015 (2) 11,199 - 10,357 San Juan Capistrano, CA Residence Inn 4.15 % 9/1/2016 6/1/2020 16,210 15,253 15,431 Colorado Springs, CO Hampton 6.25 % 9/1/2016 7/6/2021 7,923 7,545 7,617 Franklin, TN Courtyard 6.25 % 9/1/2016 8/6/2021 14,679 13,982 14,115 Franklin, TN Residence Inn 6.25 % 9/1/2016 8/6/2021 14,679 13,982 14,115 Grapevine, TX Hilton Garden Inn 4.89 % 8/29/2012 9/1/2022 11,810 9,940 10,101 Collegeville/Philadelphia, PA Courtyard 4.89 % 8/30/2012 9/1/2022 12,650 10,647 10,820 Hattiesburg, MS Courtyard 5.00 % 3/1/2014 9/1/2022 5,732 4,978 5,058 Rancho Bernardo/San Diego, CA Courtyard 5.00 % 3/1/2014 9/1/2022 15,060 13,079 13,289 Kirkland, WA Courtyard 5.00 % 3/1/2014 9/1/2022 12,145 10,548 10,717 Seattle, WA Residence Inn 4.96 % 3/1/2014 9/1/2022 28,269 24,532 24,928 Anchorage, AK Embassy Suites 4.97 % 9/13/2012 10/1/2022 23,230 19,643 19,957 Somerset, NJ Courtyard 4.73 % 3/1/2014 10/6/2022 8,750 7,568 7,692 Tukwila, WA Homewood Suites 4.73 % 3/1/2014 10/6/2022 9,431 8,156 8,291 Prattville, AL Courtyard 4.12 % 3/1/2014 2/6/2023 6,596 5,657 5,754 Huntsville, AL Homewood Suites 4.12 % 3/1/2014 2/6/2023 8,306 7,123 7,246 San Diego, CA Residence Inn 3.97 % 3/1/2014 3/6/2023 18,600 15,921 16,198 Miami, FL Homewood Suites 4.02 % 3/1/2014 4/1/2023 16,677 14,301 14,547 New Orleans, LA Homewood Suites 4.36 % 7/17/2014 8/11/2024 27,000 23,875 24,232 Westford, MA Residence Inn 4.28 % 3/18/2015 4/11/2025 10,000 9,007 9,137 Denver, CO Hilton Garden Inn 4.46 % 9/1/2016 6/11/2025 34,118 31,757 32,198 Oceanside, CA Courtyard 4.28 % 9/1/2016 10/1/2025 13,655 12,946 13,077 Omaha, NE Hilton Garden Inn 4.28 % 9/1/2016 10/1/2025 22,682 21,503 21,722 Boise, ID Hampton 4.37 % 5/26/2016 6/11/2026 24,000 22,803 23,015 Burbank, CA Courtyard 3.55 % 11/3/2016 12/1/2026 25,564 23,903 24,247 San Diego, CA Courtyard 3.55 % 11/3/2016 12/1/2026 25,473 23,818 24,161 San Diego, CA Hampton 3.55 % 11/3/2016 12/1/2026 18,963 17,730 17,986 Burbank, CA SpringHill Suites 3.94 % 3/9/2018 4/1/2028 28,470 27,671 28,018 Santa Ana, CA Courtyard 3.94 % 3/9/2018 4/1/2028 15,530 15,094 15,283 San Jose, CA Homewood Suites 4.22 % 12/22/2017 1/1/2038 30,000 28,605 29,107 $ 528,600 461,567 488,773 Unamortized fair value adjustment of assumed debt 2,977 3,428 Unamortized debt issuance costs (1,952 ) (2,141 ) Total $ 462,592 $ 490,060 (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) Loans were repaid in full in May 2019.

Fair Value of Financial Instr_2

Fair Value of Financial Instruments (Tables)	6 Months Ended
	Jun. 30, 2019
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 June 30, 2019 and December 31, 2018. All dollar amounts are in thousands. Notional Fair Value Asset (Liability) Hedge Type Amount at June 30, 2019 Origination Date Maturity Date Swap Fixed Interest Rate June 30, December 31, 2018 Cash flow hedge $ 212,500 5/21/2015 5/18/2020 1.58 % $ 565 $ 2,744 Cash flow hedge 110,000 7/2/2015 5/18/2020 1.62 % 255 1,361 Cash flow hedge 50,000 4/7/2016 3/31/2021 1.09 % 519 1,519 Cash flow hedge 100,000 4/7/2016 3/31/2023 1.33 % 1,010 4,477 Cash flow hedge 75,000 5/31/2017 6/30/2024 1.96 % (1,200 ) 1,905 Cash flow hedge 10,000 8/10/2017 6/30/2024 2.01 % (180 ) 226 Cash flow hedge (1) 50,000 6/1/2018 6/30/2025 2.89 % (3,551 ) (1,276 ) Cash flow hedge (2) 25,000 12/6/2018 6/30/2025 2.75 % (1,466 ) (379 ) Cash flow hedge (3) 50,000 12/7/2018 1/31/2024 2.72 % (2,110 ) (571 ) $ 682,500 $ (6,158 ) $ 10,006 (1) In June 2018 the Company entered into a forward interest rate swap agreement with a commercial bank, which beginning January 31, 2019 effectively fixes the interest rate on $50 million of the Company's variable-rate debt. (2) In December 2018 the Company entered into a forward interest rate swap agreement with a commercial bank, which beginning January 31, 2020 will effectively fix the interest rate on $25 million of the Company's variable-rate debt. (3) In December 2018 the Company entered into a forward interest rate swap agreement with a commercial bank, which beginning May 18, 2020 will effectively fix the interest rate on $50 million of the Company's variable-rate debt.
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 and six months ended June 30, 2019 and 2018 (in thousands): Net Unrealized Gain (Loss) Recognized in Other Comprehensive Income (Loss) Net Unrealized Gain Reclassified from Accumulated Other Comprehensive Income (Loss) to Interest and Other Expense, net Three Months Ended June 30, Three Months Ended June 30, 2019 2018 2019 2018 Interest rate derivatives in cash flow hedging relationships $ (8,898 ) $ 2,252 $ 1,222 $ 512 Net Unrealized Gain (Loss) Recognized in Other Comprehensive Income (Loss) Net Unrealized Gain Reclassified from Accumulated Other Comprehensive Income (Loss) to Interest and Other Expense, net Six Months Ended June 30, Six Months Ended June 30, 2019 2018 2019 2018 Interest rate derivatives in cash flow hedging relationships $ (13,668 ) $ 8,600 $ 2,496 $ 568

Compensation Plans (Tables)

Compensation Plans (Tables)	6 Months Ended
	Jun. 30, 2019
Disclosure Text Block Supplement [Abstract]
Disclosure of Share-based Compensation Arrangements by Share-based Payment Award [Table Text Block]	The following table sets forth information pertaining to the share-based compensation issued under the 2018 Incentive Plan and the incentive plan for 2017 (the “2017 Incentive Plan”). 2018 Incentive Plan 2017 Incentive Plan Period common shares issued First Quarter 2019 First Quarter 2018 Common shares earned under each incentive plan 156,926 415,866 Common shares surrendered on issuance date to satisfy tax withholding obligations 24,999 48,533 Common shares earned and issued under each incentive plan, net of common shares surrendered on issuance date to satisfy tax withholding obligations 131,927 367,333 Closing stock price on issuance date $ 16.49 $ 16.92 Total share-based compensation earned, including the surrendered shares (in millions) $ 2.6 (1) $ 7.0 (2) Of the total common shares earned and issued, total common shares unrestricted at time of issuance 105,345 223,421 Of the total common shares earned and issued, total common shares restricted at time of issuance 26,582 143,912 Restricted common shares vesting date December 13, 2019 December 14, 2018 Common shares surrendered on vesting date to satisfy tax withholding requirements resulting from vesting of restricted common shares n/a 41,389 (1) Of the total 2018 share-based compensation, approximately $2.4 million was recorded as a liability as of December 31, 2018 and is included in accounts payable and other liabilities in the Company's consolidated balance sheet at December 31, 2018. The remaining $0.2 million, which is subject to vesting on December 13, 2019 and excludes any restricted shares forfeited or vested prior to that date, will be recognized as share-based compensation expense proportionately throughout 2019. For the three and six months ended June 30, 2019, the Company recognized approximately $0.04 million and $0.1 million, respectively, of share-based compensation expense related to restricted share awards. (2) Of the total 2017 share-based compensation, approximately $1.2 million, which vested on December 14, 2018, was recognized as share-based compensation expense proportionately throughout 2018. For the three and six months ended June 30, 2018, the Company recognized approximately $0.3 million and $0.6 million, respectively, of share-based compensation expense related to restricted share awards.

Leases (Tables)

Leases (Tables)	6 Months Ended
	Jun. 30, 2019
Lessee, Operating and Financing Leases [Abstract]
Lessee, Lease Related Assets and Liabilities [Table Text Block]	The following table sets forth the lease-related assets and liabilities included in the Company’s consolidated balance sheet as of June 30, 2019. All dollar amounts are in thousands. Consolidated Balance Sheet Classification June 30, 2019 Assets Operating lease assets, net Other assets, net $ 28,941 Finance ground lease assets, net (1) Investment in real estate, net 142,661 Total lease assets $ 171,602 Liabilities Operating lease liabilities Accounts payable and other liabilities $ 12,470 Finance lease liabilities Finance lease liabilities 163,508 Total lease liabilities $ 175,978 Weighted-average remaining lease term Operating leases 36 years Finance leases 32 years Weighted-average discount rate Operating leases 5.43 % Finance leases 5.28 % (1) Finance ground lease assets are net of accumulated amortization of approximately $2.1 million as of June 30, 2019.
Lease, Cost [Table Text Block]	The following table sets forth the lease costs related to the Company’s operating and finance ground leases included in the Company’s consolidated statements of operations for the three and six months ended June 30, 2019 (in thousands): Consolidated Statements of Operations Classification Three Months Ended June 30, 2019 Six Months Ended June 30, 2019 Operating lease costs (1) Operating ground lease expense $ 423 $ 828 Finance lease costs: Amortization of lease assets Depreciation and amortization expense 1,149 2,190 Interest on lease liabilities Interest and other expense, net 2,133 3,959 Total lease costs $ 3,705 $ 6,977 (1) Represents costs related to ground leases, including variable lease costs. Excludes costs related to hotel equipment leases, which are included in hotel operating expense and property taxes, insurance and other expense, and costs related to office space leases, which are included in general and administrative expense in the Company's consolidated statements of operations.
Lessee, Operating and Finance Lease Liability Maturity [Table Text Block]	The following table reconciles the undiscounted cash flows for each of the next five years and total of the remaining years to the operating lease liabilities and finance lease liabilities included in the Company’s consolidated balance sheet as of June 30, 2019 (in thousands): Operating leases Finance leases 2019 (July - December) $ 697 $ 4,126 2020 1,231 7,385 2021 1,015 7,552 2022 851 7,702 2023 777 8,051 Thereafter 33,187 363,171 Total minimum lease payments 37,758 397,987 Less: amount of lease payments representing interest 25,288 234,479 Present value of lease liabilities $ 12,470 $ 163,508
Schedule of Supplemental Cash Flow Information Related to Leases [Table Text Block]	The following table sets forth supplemental cash flow information related to the Company’s operating and finance leases for the six months ended June 30, 2019 (in thousands): Six Months Ended June 30, 2019 Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows for operating leases $ 727 Operating cash flows for finance leases 2,885

Organization and Summary of S_2

Organization and Summary of Significant Accounting Policies (Details) $ in Millions	6 Months Ended
	Jun. 30, 2019	Jan. 01, 2019USD ($)
Organization and Summary of Significant Accounting Policies (Details) [Line Items]
Number of Reportable Segments	1
Number of Hotels	234
Aggregate Number of Hotel Rooms	30,046
Number of States in which Hotels are Located	34
Cumulative Effect of New Accounting Principle in Period of Adoption (in Dollars)		$ (5.2)
Hotel Ground Lease [Member]
Organization and Summary of Significant Accounting Policies (Details) [Line Items]
Number of Leases Classified as Finance Leases	4
Accounting Standards Update 2016-02 [Member] | Hotel Ground Lease [Member]
Organization and Summary of Significant Accounting Policies (Details) [Line Items]
Cumulative Effect of New Accounting Principle in Period of Adoption (in Dollars)		$ (5.2)
Number of Leases Classified as Finance Leases		4

Investment in Real Estate (Deta

Investment in Real Estate (Details) $ in Thousands	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2019USD ($)	Jun. 30, 2018USD ($)	Jun. 30, 2019USD ($)	Jun. 30, 2018USD ($)	Dec. 31, 2018
Investment in Real Estate (Details) [Line Items]
Number of Hotels	234		234
Aggregate Number of Hotel Rooms	30,046		30,046
Number of States in which Hotels Are Located	34		34
Revenue from Contract with Customer, Excluding Assessed Tax (in Dollars)	$ 341,117	$ 344,714	$ 644,904	$ 643,103
Operating Income (Loss) (in Dollars)	$ 78,103	$ 80,991	$ 131,954	$ 135,255
Hotel Acquisitions [Member]
Investment in Real Estate (Details) [Line Items]
Number of Hotels			2	4	5
Revenue from Contract with Customer, Excluding Assessed Tax (in Dollars)			$ 3,400	$ 7,100
Operating Income (Loss) (in Dollars)			$ 700	$ 2,100
Hotels Under Contract [Member]
Investment in Real Estate (Details) [Line Items]
Aggregate Number of Hotel Rooms	660		660
Purchase Contract Gross Purchase Price (in Dollars)	$ 159,185		$ 159,185
Hotels Under Contract [Member] | Hotels Under Development [Member]
Investment in Real Estate (Details) [Line Items]
Number of Hotels			5
Purchase Contract Gross Purchase Price (in Dollars)	$ 159,200		$ 159,200
Hotel Development, Time to Completion			over the next 12 to 24 months
Hotel Ground Lease [Member]
Investment in Real Estate (Details) [Line Items]
Number of Leases Classified as Finance Leases	4		4

Investment in Real Estate (De_2

Investment in Real Estate (Details) - Investment in Real Estate - USD ($) $ in Thousands	Jun. 30, 2019	Dec. 31, 2018
Property, Plant and Equipment [Line Items]
Real Estate Investment Property, at Cost	$ 5,829,841	$ 5,726,303
Less Accumulated Depreciation and Amortization	(971,738)	(909,893)
Investment in Real Estate, net	4,858,103	4,816,410
Land [Member]
Property, Plant and Equipment [Line Items]
Real Estate Investment Property, at Cost	730,614	737,822
Building and Improvements [Member]
Property, Plant and Equipment [Line Items]
Real Estate Investment Property, at Cost	4,469,348	4,503,728
Furniture, Fixtures and Equipment [Member]
Property, Plant and Equipment [Line Items]
Real Estate Investment Property, at Cost	471,324	471,399
Finance Ground Lease Assets [Member]
Property, Plant and Equipment [Line Items]
Real Estate Investment Property, at Cost	144,768	0
Franchise Fees [Member]
Property, Plant and Equipment [Line Items]
Real Estate Investment Property, at Cost	$ 13,787	$ 13,354

Investment in Real Estate (De_3

Investment in Real Estate (Details) - Hotel Acquisitions $ in Thousands	6 Months Ended	12 Months Ended
	Jun. 30, 2019USD ($)	Dec. 31, 2018USD ($)
Real Estate Properties [Line Items]
Rooms	30,046
Total [Member]
Real Estate Properties [Line Items]
Rooms	288	732
Gross Purchase Price	$ 52,416	$ 152,200
Hampton St. Paul, MN [Member]
Real Estate Properties [Line Items]
Manager	Vista Host
Date Acquired	Mar. 4, 2019
Rooms	160
Gross Purchase Price	$ 31,680
Home2 Suites Orlando, FL [Member]
Real Estate Properties [Line Items]
Manager	LBA
Date Acquired	Mar. 19, 2019
Rooms	128
Gross Purchase Price	$ 20,736

Investment in Real Estate (De_4

Investment in Real Estate (Details) - Hotel Acquisitions $ in Thousands	6 Months Ended	12 Months Ended
	Jun. 30, 2019USD ($)	Dec. 31, 2018USD ($)
Real Estate Properties [Line Items]
Rooms	30,046
Total [Member]
Real Estate Properties [Line Items]
Rooms	288	732
Gross Purchase Price	$ 52,416	$ 152,200
Hampton Atlanta/Downtown, GA [Member]
Real Estate Properties [Line Items]
Manager		McKibbon
Date Acquired		Feb. 5, 2018
Rooms		119
Gross Purchase Price		$ 24,000
Hampton Memphis, TN [Member]
Real Estate Properties [Line Items]
Manager		Crestline
Date Acquired		Feb. 5, 2018
Rooms		144
Gross Purchase Price		$ 39,000
Hampton Phoenix, AZ [Member]
Real Estate Properties [Line Items]
Manager		North Central
Date Acquired		May 2, 2018
Rooms		210
Gross Purchase Price		$ 44,300
Hampton Atlanta/Perimeter Dunwoody, GA [Member]
Real Estate Properties [Line Items]
Manager		LBA
Date Acquired		Jun. 28, 2018
Rooms		132
Gross Purchase Price		$ 29,500
Hyatt Place Jacksonville, FL [Member]
Real Estate Properties [Line Items]
Manager		LBA
Date Acquired		Dec. 7, 2018
Rooms		127
Gross Purchase Price		$ 15,400

Investment in Real Estate (De_5

Investment in Real Estate (Details) - Outstanding Contracts - Hotels Under Contract [Member] $ in Thousands	6 Months Ended
	Jun. 30, 2019USD ($)
Investment in Real Estate (Details) - Outstanding Contracts [Line Items]
Rooms	660
Refundable Deposits	$ 1,309
Gross Purchase Price	$ 159,185
Hampton and Home2 Suites Cape Canaveral, FL [Member]
Investment in Real Estate (Details) - Outstanding Contracts [Line Items]
Date of Purchase Contract	Apr. 11, 2018
Rooms	224	[1],[2]
Refundable Deposits	$ 3
Gross Purchase Price	$ 46,704
Hyatt House and Hyatt Place Tempe, AZ [Member]
Investment in Real Estate (Details) - Outstanding Contracts [Line Items]
Date of Purchase Contract	Jun. 13, 2018
Rooms	254	[1],[3]
Refundable Deposits	$ 720
Gross Purchase Price	$ 63,341
Courtyard Denver, CO [Member]
Investment in Real Estate (Details) - Outstanding Contracts [Line Items]
Date of Purchase Contract	Apr. 5, 2019
Rooms	182	[1]
Refundable Deposits	$ 586
Gross Purchase Price	$ 49,140
[1]	These hotels are currently under development. The table shows the expected number of rooms upon hotel completion and the expected franchise brands. Assuming all conditions to closing are met, the purchases of these hotels are expected to occur over the next 12 to 24 months from June 30, 2019. If the seller meets all of the conditions to closing, the Company is obligated to specifically perform under the contract. As the properties are under development, at this time, the seller has not met all of the conditions to closing.
[2]	These hotels are part of an adjoining combined 224-room, dual-branded complex that will be located on the same site.
[3]	These hotels are part of an adjoining combined 254-room, dual-branded complex that will be located on the same site.

Dispositions (Details)

Dispositions (Details) $ in Thousands	3 Months Ended		6 Months Ended		12 Months Ended	18 Months Ended
	Jun. 30, 2019USD ($)	Jun. 30, 2018USD ($)	Jun. 30, 2019USD ($)	Jun. 30, 2018USD ($)	Dec. 31, 2018USD ($)	Jun. 30, 2019USD ($)
Dispositions (Details) [Line Items]
Gain (Loss) on Disposition of Assets	$ (161)	$ 0	$ 1,052	$ 0
Aggregate Number of Hotel Rooms	30,046		30,046			30,046
Impairment of Real Estate	$ 0	$ 3,135	$ 0	3,135
Impairment Losses [Member]
Dispositions (Details) [Line Items]
Number of Hotels		3
Impairment of Real Estate		$ 3,100
Termination of Sale Contract in February 2019 [Member]
Dispositions (Details) [Line Items]
Number of Hotels			16
Hotels Sold [Member]
Dispositions (Details) [Line Items]
Number of Hotels			9		3	12
Number of Sale Contracts			2
Sale of Real Estate Assets, Gross Sales Price			$ 95,000		$ 15,800
Gain (Loss) on Disposition of Assets			1,700		$ 200
Real Estate Investment, Carrying Value	$ 92,900		92,900			$ 92,900
Number of Transactions					2
Operating Income (Loss), Excluding Gain (Loss) on Sale of Real Estate			$ 1,100	$ 500
Hotels Sold [Member] | SpringHill Suites and TownePlace Suites Columbus, GA [Member]
Dispositions (Details) [Line Items]
Number of Hotels					2
Sale of Real Estate Assets, Gross Sales Price					$ 10,000
Gain (Loss) on Disposition of Assets					$ 0
Impairment of Real Estate		500
Hotels Sold [Member] | SpringHill Suites Columbus, GA [Member]
Dispositions (Details) [Line Items]
Aggregate Number of Hotel Rooms					89
Hotels Sold [Member] | TownePlace Suites Columbus, GA [Member]
Dispositions (Details) [Line Items]
Aggregate Number of Hotel Rooms					86
Hotels Sold [Member] | Residence Inn Springdale, AR [Member]
Dispositions (Details) [Line Items]
Number of Hotels					1
Sale of Real Estate Assets, Gross Sales Price					$ 5,800
Gain (Loss) on Disposition of Assets					$ 200
Aggregate Number of Hotel Rooms					72
Impairment of Real Estate		$ 2,600

Dispositions (Details) - Hotels

Dispositions (Details) - Hotels Sold	Mar. 28, 2019
Homewood Suites Sarasota, FL [Member]
Dispositions (Details) - Hotels Sold [Line Items]
Rooms	100
TownePlace Suites Tampa, FL [Member]
Dispositions (Details) - Hotels Sold [Line Items]
Rooms	94
SpringHill Suites Baton Rouge, LA [Member]
Dispositions (Details) - Hotels Sold [Line Items]
Rooms	119
Hampton Holly Springs, NC [Member]
Dispositions (Details) - Hotels Sold [Line Items]
Rooms	124
Hilton Garden Inn Duncanville, TX [Member]
Dispositions (Details) - Hotels Sold [Line Items]
Rooms	142
Courtyard Texarkana, TX [Member]
Dispositions (Details) - Hotels Sold [Line Items]
Rooms	90
TownePlace Suites Texarkana, TX [Member]
Dispositions (Details) - Hotels Sold [Line Items]
Rooms	85
Courtyard Bristol, VA [Member]
Dispositions (Details) - Hotels Sold [Line Items]
Rooms	175
Courtyard Harrisonburg, VA [Member]
Dispositions (Details) - Hotels Sold [Line Items]
Rooms	125
Total [Member]
Dispositions (Details) - Hotels Sold [Line Items]
Rooms	1,054

Debt (Details)

Debt (Details) $ in Thousands	Jan. 29, 2019USD ($)	Aug. 02, 2018USD ($)	Jul. 27, 2018USD ($)	Jul. 31, 2019	Jun. 30, 2019USD ($)	Jun. 30, 2018USD ($)	Dec. 31, 2018USD ($)	Jul. 25, 2017USD ($)
Debt (Details) [Line Items]
Proceeds from Issuance of Unsecured Debt					$ 75,000	$ 0
Debt Issuance Costs, Net					7,930
Long-term Debt, Gross					$ 1,389,267		$ 1,417,573
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					$ 461,600
Number of Hotel Properties Used to Secure Debt					29
Mortgage Debt [Member] | Minimum [Member]
Debt (Details) [Line Items]
Debt Instrument, Interest Rate, Stated Percentage					3.55%
Debt Instrument, Interest Rate, Effective Percentage					3.55%
Mortgage Debt [Member] | Maximum [Member]
Debt (Details) [Line Items]
Debt Instrument, Interest Rate, Stated Percentage					6.25%
Debt Instrument, Interest Rate, Effective Percentage					4.97%
Prior $150 Million Unsecured Term Loan Facility Amended and Restated on August 2, 2018 [Member]
Debt (Details) [Line Items]
Term Loan Facility, Maximum Borrowing Capacity		$ 150,000
Prior $150 Million Unsecured Term Loan Facility Amended and Restated on August 2, 2018 [Member] | Repayment of Amount Outstanding Under Term Loans [Member]
Debt (Details) [Line Items]
Repayments of Unsecured Debt		150,000
$85 Million Unsecured Term Loan [Member]
Debt (Details) [Line Items]
Debt Instrument, Face Amount								$ 85,000
Debt Instrument, Maturity Date					Jul. 25, 2024
Debt Instrument, Description of Variable Rate Basis					one-month LIBOR
Forward Interest Rate Swaps That Begin in 2020 That Will Effectively Fix the Interest Rate on Variable-Rate Debt [Member]
Debt (Details) [Line Items]
Number of Interest Rate Derivatives Held					2
Derivative, Notional Amount					$ 75,000
Outstanding Variable-Rate Debt Effectively Fixed By Interest Rate Swaps [Member]
Debt (Details) [Line Items]
Derivative, Notional Amount					$ 607,500		$ 557,500
London Interbank Offered Rate (LIBOR) [Member]
Debt (Details) [Line Items]
Debt Instrument, Basis of Variable Rate					2.40%		2.50%
London Interbank Offered Rate (LIBOR) [Member] | $85 Million Unsecured Term Loan [Member] | Minimum [Member]
Debt (Details) [Line Items]
Debt Instrument, Basis Spread on Variable Rate					1.80%
London Interbank Offered Rate (LIBOR) [Member] | $85 Million Unsecured Term Loan [Member] | Maximum [Member]
Debt (Details) [Line Items]
Debt Instrument, Basis Spread on Variable Rate					2.60%
$850 Million Unsecured Credit Facility [Member]
Debt (Details) [Line Items]
Date of Amended and Restated Credit Facility					Jul. 27, 2018
Line of Credit Facility, Maximum Borrowing Capacity					$ 850,000
Debt Instrument, Description of Variable Rate Basis					one-month LIBOR
$850 Million Unsecured Credit Facility [Member] | $425 Million Unsecured Revolving Credit Facility [Member]
Debt (Details) [Line Items]
Line of Credit Facility, Maximum Borrowing Capacity					$ 425,000
Line of Credit Facility, Expiration Date					Jul. 27, 2022
Proceeds from Lines of Credit			$ 196,000
Debt Instrument, Maturity Date, Description					maturity date may be extended up to one year
$850 Million Unsecured Credit Facility [Member] | $425 Million Unsecured Revolving Credit Facility [Member] | Minimum [Member]
Debt (Details) [Line Items]
Line of Credit Facility, Unused Capacity, Commitment Fee Percentage					0.20%
$850 Million Unsecured Credit Facility [Member] | $425 Million Unsecured Revolving Credit Facility [Member] | Maximum [Member]
Debt (Details) [Line Items]
Line of Credit Facility, Unused Capacity, Commitment Fee Percentage					0.25%
$850 Million Unsecured Credit Facility [Member] | London Interbank Offered Rate (LIBOR) [Member] | Minimum [Member]
Debt (Details) [Line Items]
Debt Instrument, Basis Spread on Variable Rate					1.35%
$850 Million Unsecured Credit Facility [Member] | London Interbank Offered Rate (LIBOR) [Member] | Maximum [Member]
Debt (Details) [Line Items]
Debt Instrument, Basis Spread on Variable Rate					2.25%
Prior $965 Million Unsecured Credit Facility Amended and Restated on July 27, 2018 [Member]
Debt (Details) [Line Items]
Line of Credit Facility, Maximum Borrowing Capacity			965,000
Prior $965 Million Unsecured Credit Facility Amended and Restated on July 27, 2018 [Member] | Repayment of Amount Outstanding Under Term Loans [Member]
Debt (Details) [Line Items]
Repayments of Unsecured Debt			425,000
$425 Million Unsecured Term Loan Facility [Member] | $850 Million Unsecured Credit Facility [Member]
Debt (Details) [Line Items]
Term Loan Facility, Maximum Borrowing Capacity					$ 425,000
Number of Term Loans					2
$425 Million Unsecured Term Loan Facility [Member] | $200 Million Unsecured Term Loan [Member] | $850 Million Unsecured Credit Facility [Member]
Debt (Details) [Line Items]
Debt Instrument, Face Amount			200,000
Debt Instrument, Maturity Date					Jul. 27, 2023
$425 Million Unsecured Term Loan Facility [Member] | $225 Million Unsecured Term Loan [Member] | $850 Million Unsecured Credit Facility [Member]
Debt (Details) [Line Items]
Debt Instrument, Face Amount			$ 225,000
Debt Instrument, Maturity Date					Jan. 31, 2024
$225 Million Unsecured Term Loan Facility [Member]
Debt (Details) [Line Items]
Date of Amended and Restated Credit Facility					Aug. 2, 2018
Term Loan Facility, Maximum Borrowing Capacity					$ 225,000
Debt Instrument, Description of Variable Rate Basis					one-month LIBOR
$225 Million Unsecured Term Loan Facility [Member] | $50 Million Unsecured Term Loan [Member]
Debt (Details) [Line Items]
Debt Instrument, Face Amount		50,000
Debt Instrument, Maturity Date					Aug. 2, 2023
$225 Million Unsecured Term Loan Facility [Member] | $175 Million Unsecured Term Loan [Member]
Debt (Details) [Line Items]
Debt Instrument, Face Amount		$ 100,000
Debt Instrument, Maturity Date					Aug. 2, 2025
Total Borrowing Capacity Under Term Loan					$ 175,000
Debt Instrument, Description					$100 million was funded at closing and the remaining $75 million was funded on January 29, 2019
Proceeds from Issuance of Unsecured Debt	$ 75,000
$225 Million Unsecured Term Loan Facility [Member] | London Interbank Offered Rate (LIBOR) [Member] | Minimum [Member]
Debt (Details) [Line Items]
Debt Instrument, Basis Spread on Variable Rate					1.35%
$225 Million Unsecured Term Loan Facility [Member] | London Interbank Offered Rate (LIBOR) [Member] | Maximum [Member]
Debt (Details) [Line Items]
Debt Instrument, Basis Spread on Variable Rate					2.50%
Revolving Credit Facilities [Member]
Debt (Details) [Line Items]
Debt Issuance Costs, Net					$ 3,100		$ 3,600
Credit Facilities [Member]
Debt (Details) [Line Items]
Line of Credit Facility, Covenant Terms					The credit agreements governing the credit facilities 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 and restrictions on certain investments.  The Company was in compliance with the applicable covenants at June 30, 2019.
Subsequent Event [Member] | London Interbank Offered Rate (LIBOR) [Member] | $85 Million Unsecured Term Loan [Member] | Minimum [Member]
Debt (Details) [Line Items]
Debt Instrument, Basis Spread on Variable Rate				1.30%
Subsequent Event [Member] | London Interbank Offered Rate (LIBOR) [Member] | $85 Million Unsecured Term Loan [Member] | Maximum [Member]
Debt (Details) [Line Items]
Debt Instrument, Basis Spread on Variable Rate				2.10%

Debt (Details) - Schedule of De

Debt (Details) - Schedule of Debt - USD ($) $ in Thousands	Jun. 30, 2019	Dec. 31, 2018
Schedule of Debt [Abstract]
Revolving credit facility	$ 192,700	$ 268,800
Term loans, net	729,022	653,382
Mortgage debt, net	462,592	490,060
Debt, net	$ 1,384,314	$ 1,412,242

Debt (Details) - Future Minimum

Debt (Details) - Future Minimum Debt Payments - USD ($) $ in Thousands	Jun. 30, 2019	Dec. 31, 2018
Future Minimum Debt Payments [Abstract]
2019 (July - December)	$ 6,600
2020	28,349
2021	47,586
2022	301,952
2023	295,615
Thereafter	709,165
	1,389,267	$ 1,417,573
Unamortized fair value adjustment of assumed debt	2,977
Unamortized debt issuance costs related to term loans and mortgage debt	(7,930)
Total	$ 1,384,314	$ 1,412,242

Debt (Details) - Schedule of To

Debt (Details) - Schedule of Total Fixed-Rate and Variable-Rate Debt - USD ($) $ in Thousands		Jun. 30, 2019	Dec. 31, 2018
Schedule of Total Fixed-Rate and Variable-Rate Debt [Abstract]
Fixed-rate debt	[1]	$ 1,069,067	$ 1,046,273
Fixed-rate debt, Percentage	[1]	77.00%	74.00%
Variable-rate debt	[2]	$ 320,200	$ 371,300
Variable-rate debt, Percentage	[2]	23.00%	26.00%
Total		$ 1,389,267	$ 1,417,573
Weighted-average interest rate of debt		3.76%	3.74%
[1]	Fixed-rate debt includes the portion of variable-rate debt where the interest payments have been effectively fixed by interest rate swaps as of the respective balance sheet date. See Note 5 for more information on the interest rate swap agreements.
[2]	The Company has two forward interest rate swaps that begin in 2020 that will effectively fix the interest rate on $75 million of the Company's variable-rate debt. See Note 5 for more information on the interest rate swap agreements.

Debt (Details) - Credit Facilit

Debt (Details) - Credit Facilities - USD ($) $ in Thousands		6 Months Ended
		Jun. 30, 2019	Dec. 31, 2018
Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Interest rate		LIBOR + 1.40% - 2.25%
Maturity date		Jul. 27, 2022
Revolving credit facility outstanding balance	[1]	$ 192,700	$ 268,800
$200 Million Term Loan [Member]
Debt Instrument [Line Items]
Maturity date		Jul. 27, 2023
Interest rate		LIBOR + 1.35% - 2.20%
Outstanding balance		$ 200,000	200,000
$225 Million Term Loan [Member]
Debt Instrument [Line Items]
Maturity date		Jan. 31, 2024
Interest rate		LIBOR + 1.35% - 2.20%
Outstanding balance		$ 225,000	225,000
$50 Million Term Loan [Member]
Debt Instrument [Line Items]
Maturity date		Aug. 2, 2023
Interest rate		LIBOR + 1.35% - 2.20%
Outstanding balance		$ 50,000	50,000
$175 Million term Loan [Member]
Debt Instrument [Line Items]
Maturity date		Aug. 2, 2025
Interest rate		LIBOR + 1.65% - 2.50%
Outstanding balance		$ 175,000	100,000
$85 Million Term Loan [Member]
Debt Instrument [Line Items]
Maturity date		Jul. 25, 2024
Interest rate		LIBOR + 1.80% - 2.60%
Outstanding balance		$ 85,000	85,000
Term Loans, Net [Member]
Debt Instrument [Line Items]
Outstanding balance		735,000	660,000
Unamortized debt issuance costs		(5,978)	(6,618)
Term loans, net		729,022	653,382
Revolving Credit Facility and Term Loans, Net [Member]
Debt Instrument [Line Items]
Revolving credit facility and term loans, net	[1]	$ 921,722	$ 922,182
Weighted-average interest rate	[2]	3.42%	3.37%
[1]	Excludes unamortized debt issuance costs related to the revolving credit facility totaling approximately $3.1 million and $3.6 million as of June 30, 2019 and December 31, 2018, respectively, which are included in other assets, net in the Company's consolidated balance sheets.
[2]	Interest rate represents the weighted-average effective annual interest rate at the balance sheet date which includes the effect of interest rate swaps in effect on $607.5 million and $557.5 million of the outstanding variable-rate debt as of June 30, 2019 and December 31, 2018, respectively. See Note 5 for more information on the interest rate swap agreements. The one-month LIBOR at June 30, 2019 and December 31, 2018 was 2.40% and 2.50%, respectively.

Debt (Details) - Mortgage Note

Debt (Details) - Mortgage Note Debt - USD ($) $ in Thousands		6 Months Ended
		Jun. 30, 2019	Dec. 31, 2018
Debt Instrument [Line Items]
Outstanding Balance		$ 1,389,267	$ 1,417,573
Unamortized fair value adjustment of assumed debt		2,977
Unamortized debt issuance costs		(7,930)
Total		462,592	490,060
Total [Member]
Debt Instrument [Line Items]
Principal Assumed or Originated		528,600
Outstanding Balance		461,567	488,773
Unamortized fair value adjustment of assumed debt		2,977	3,428
Unamortized debt issuance costs		(1,952)	(2,141)
Total		$ 462,592	490,060
Courtyard Syracuse, NY [Member]
Debt Instrument [Line Items]
Interest Rate	[1]	4.75%
Loan Assumption or Origination Date		Oct. 16, 2015
Maturity Date	[2]
Principal Assumed or Originated		$ 11,199
Outstanding Balance		$ 0	10,357
Residence Inn Syracuse, NY [Member]
Debt Instrument [Line Items]
Interest Rate	[1]	4.75%
Loan Assumption or Origination Date		Oct. 16, 2015
Maturity Date	[2]
Principal Assumed or Originated		$ 11,199
Outstanding Balance		$ 0	10,357
Residence Inn San Juan Capistrano, CA [Member]
Debt Instrument [Line Items]
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		$ 15,253	15,431
Hampton Colorado Springs, CO [Member]
Debt Instrument [Line Items]
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		$ 7,545	7,617
Courtyard Franklin, TN [Member]
Debt Instrument [Line Items]
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		$ 13,982	14,115
Residence Inn Franklin, TN [Member]
Debt Instrument [Line Items]
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		$ 13,982	14,115
Hilton Garden Inn Grapevine, TX [Member]
Debt Instrument [Line Items]
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		$ 9,940	10,101
Courtyard Collegeville/Philadelphia, PA [Member]
Debt Instrument [Line Items]
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		$ 10,647	10,820
Courtyard Hattiesburg, MS [Member]
Debt Instrument [Line Items]
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		$ 4,978	5,058
Courtyard Rancho Bernardo / San Diego, CA [Member]
Debt Instrument [Line Items]
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		$ 13,079	13,289
Courtyard Kirkland, WA [Member]
Debt Instrument [Line Items]
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		$ 10,548	10,717
Residence Inn Seattle, WA [Member]
Debt Instrument [Line Items]
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		$ 24,532	24,928
Embassy Suites Anchorage, AK [Member]
Debt Instrument [Line Items]
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		$ 19,643	19,957
Courtyard Somerset, NJ [Member]
Debt Instrument [Line Items]
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		$ 7,568	7,692
Homewood Suites Tukwila, WA [Member]
Debt Instrument [Line Items]
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		$ 8,156	8,291
Courtyard Prattville, AL [Member]
Debt Instrument [Line Items]
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		$ 5,657	5,754
Homewood Suites Huntsville, AL [Member]
Debt Instrument [Line Items]
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		$ 7,123	7,246
Residence Inn San Diego, CA [Member]
Debt Instrument [Line Items]
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		$ 15,921	16,198
Homewood Suites Miami, FL [Member]
Debt Instrument [Line Items]
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		$ 14,301	14,547
Homewood Suites New Orleans, LA [Member]
Debt Instrument [Line Items]
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		$ 23,875	24,232
Residence Inn Westford, MA [Member]
Debt Instrument [Line Items]
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		$ 9,007	9,137
Hilton Garden Inn Denver, CO [Member]
Debt Instrument [Line Items]
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		$ 31,757	32,198
Courtyard Oceanside, CA [Member]
Debt Instrument [Line Items]
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		$ 12,946	13,077
Hilton Garden Inn Omaha, NE [Member]
Debt Instrument [Line Items]
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		$ 21,503	21,722
Hampton Boise, ID [Member]
Debt Instrument [Line Items]
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		$ 22,803	23,015
Courtyard Burbank, CA [Member]
Debt Instrument [Line Items]
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		$ 23,903	24,247
Courtyard San Diego, CA [Member]
Debt Instrument [Line Items]
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		$ 23,818	24,161
Hampton San Diego, CA [Member]
Debt Instrument [Line Items]
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		$ 17,730	17,986
SpringHill Suites Burbank, CA [Member]
Debt Instrument [Line Items]
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		$ 27,671	28,018
Courtyard Santa Ana, CA [Member]
Debt Instrument [Line Items]
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		$ 15,094	15,283
Homewood Suites San Jose, CA [Member]
Debt Instrument [Line Items]
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		$ 28,605	$ 29,107
[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]	Loans were repaid in full in May 2019.

Fair Value of Financial Instr_3

Fair Value of Financial Instruments (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2019	Dec. 31, 2018
Fair Value of Financial Instruments (Details) [Line Items]
Long-term Debt, Fair Value	$ 1,400,000	$ 1,400,000
Long-term Debt	$ 1,384,314	$ 1,412,242
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	$ 1,000
Interest Rate Swap Executed June 2018 Effective January 31, 2019 [Member]
Fair Value of Financial Instruments (Details) [Line Items]
Derivative, Notional Amount	50,000
Interest Rate Swap Executed December 2018 Effective January 31, 2020 [Member]
Fair Value of Financial Instruments (Details) [Line Items]
Derivative, Notional Amount	25,000
Interest Rate Swap Executed December 2018 Effective May 18, 2020 [Member]
Fair Value of Financial Instruments (Details) [Line Items]
Derivative, Notional Amount	$ 50,000

Fair Value of Financial Instr_4

Fair Value of Financial Instruments (Details) - Schedule of Interest Rate Swap Agreements - USD ($) $ in Thousands		6 Months Ended
		Jun. 30, 2019	Dec. 31, 2018
Total [Member]
Fair Value of Financial Instruments (Details) - Schedule of Interest Rate Swap Agreements [Line Items]
Notional amount		$ 682,500
Fair value asset (liability)		(6,158)	$ 10,006
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)		$ 565	2,744
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)		$ 255	1,361
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)		$ 519	1,519
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)		$ 1,010	4,477
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)		$ (1,200)	1,905
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)		$ (180)	226
Interest Rate Swap #7 [Member] | Designated as Hedging Instrument [Member]
Fair Value of Financial Instruments (Details) - Schedule of Interest Rate Swap Agreements [Line Items]
Notional amount	[1]	$ 50,000
Origination Date		Jun. 1, 2018
Maturity date		Jun. 30, 2025
Swap fixed interest rate		2.89%
Fair value asset (liability)		$ (3,551)	(1,276)
Interest Rate Swap #8 [Member] | Designated as Hedging Instrument [Member]
Fair Value of Financial Instruments (Details) - Schedule of Interest Rate Swap Agreements [Line Items]
Notional amount	[2]	$ 25,000
Origination Date		Dec. 6, 2018
Maturity date		Jun. 30, 2025
Swap fixed interest rate		2.75%
Fair value asset (liability)		$ (1,466)	(379)
Interest Rate Swap #9 [Member] | Designated as Hedging Instrument [Member]
Fair Value of Financial Instruments (Details) - Schedule of Interest Rate Swap Agreements [Line Items]
Notional amount	[3]	$ 50,000
Origination Date		Dec. 7, 2018
Maturity date		Jan. 31, 2024
Swap fixed interest rate		2.72%
Fair value asset (liability)		$ (2,110)	$ (571)
[1]	In June 2018 the Company entered into a forward interest rate swap agreement with a commercial bank, which beginning January 31, 2019 effectively fixes the interest rate on $50 million of the Company's variable-rate debt.
[2]	In December 2018 the Company entered into a forward interest rate swap agreement with a commercial bank, which beginning January 31, 2020 will effectively fix the interest rate on $25 million of the Company's variable-rate debt.
[3]	In December 2018 the Company entered into a forward interest rate swap agreement with a commercial bank, which beginning May 18, 2020 will effectively fix the interest rate on $50 million of the Company's variable-rate debt.

Fair Value of Financial Instr_5

Fair Value of Financial Instruments (Details) - Derivative Instruments, Gain (Loss) Recognized - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Derivative Instruments, Gain (Loss) Recognized [Abstract]
Net Unrealized Gain (Loss) Recognized in Other Comprehensive Income (Loss)	$ (8,898)	$ 2,252	$ (13,668)	$ 8,600
Net Unrealized Gain Reclassified from Accumulated Other Comprehensive Income (Loss) to Interest and Other Expense, net	$ 1,222	$ 512	$ 2,496	$ 568

Related Parties (Details)

Related Parties (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Dec. 31, 2018
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 Usage Expense	$ 50	$ 50
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	(600)	$ (500)
Due from Related Parties	$ 300		$ 400

Shareholders' Equity (Details)

Shareholders' Equity (Details) - USD ($) $ / shares in Units, $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018	Dec. 31, 2018
Annual Distribution [Member]
Shareholders' Equity (Details) [Line Items]
Annual Distribution rate			$ 1.20
Distributions [Member]
Shareholders' Equity (Details) [Line Items]
Common Stock, Dividends, Per Share, Cash Paid	$ 0.30	$ 0.30	$ 0.60	$ 0.60
Payments of Ordinary Dividends, Common Stock	$ 67.2	$ 69.1	$ 134.3	$ 138.2
Dividends Payable, Amount Per Share	$ 0.10		$ 0.10		$ 0.10
Dividends Payable	$ 22.4		$ 22.4		$ 22.4
Share Repurchase Program [Member]
Shareholders' Equity (Details) [Line Items]
Stock Repurchase Program, Authorized Amount	$ 360		$ 360
Share Repurchase Program, End Date			July 2020
Stock Repurchased and Retired During Period, Shares	0	0	300,000	300,000
Stock Repurchased During Period, Weighted Average Market Purchase Price Per Share			$ 14.93	$ 16.89
Stock Repurchased and Retired During Period, Value			$ 4.1	$ 4.3

Compensation Plans (Details)

Compensation Plans (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018	Dec. 31, 2018
2019 Executive Management Incentive Plan [Member]
Compensation Plans (Details) [Line Items]
Compensation Arrangement by Cash and Share-based Payment Award, Component Description			The operational performance metrics are equally weighted and account for 50% of the total target incentive compensation. The shareholder return metrics are weighted 75% for relative shareholder return metrics and 25% for total shareholder return metrics, and account for 50% of the total target incentive compensation
Labor and Related Expense	$ 2,500		$ 4,700
Accrued Bonuses, Current	4,700		$ 4,700
Portion of Awards Paid in Cash			25.00%
Portion of Awards Issued in Equity			75.00%
2019 Executive Management Incentive Plan [Member] | Equity Awards Vesting at the End of 2019 [Member]
Compensation Plans (Details) [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Portion			two-thirds
2019 Executive Management Incentive Plan [Member] | Equity Awards Vesting in December 2020 [Member]
Compensation Plans (Details) [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Portion			one-third
2018 Executive Management Incentive Plan [Member]
Compensation Plans (Details) [Line Items]
Labor and Related Expense		$ 1,800		$ 3,700
Share Based Compensation [Member] | 2018 Executive Management Incentive Plan [Member] | Equity Awards Issued in the First Quarter of 2019 [Member]
Compensation Plans (Details) [Line Items]
Accrued Bonuses, Share Based Compensation, Current					$ 2,400
Share-based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Amount					200
Potential Aggregate Payout [Member] | 2019 Executive Management Incentive Plan [Member] | Minimum [Member]
Compensation Plans (Details) [Line Items]
Labor and Related Expense			$ 0
Potential Aggregate Payout [Member] | 2019 Executive Management Incentive Plan [Member] | Maximum [Member]
Compensation Plans (Details) [Line Items]
Labor and Related Expense			18,000
One-Time Separation Payment [Member] | Retirement of Executive Vice President and Chief Legal Officer [Member]
Compensation Plans (Details) [Line Items]
Labor and Related Expense			500
Restricted Stock Vesting on December 13, 2019 [Member] | Share Based Compensation [Member] | 2018 Executive Management Incentive Plan [Member] | Equity Awards Issued in the First Quarter of 2019 [Member]
Compensation Plans (Details) [Line Items]
Share-based Payment Arrangement, Expense	$ 40		$ 100
Restricted Shares Vesting on December 14, 2018 [Member] | Share Based Compensation [Member] | 2017 Executive Management Incentive Plan [Member] | Equity Awards Issued in First Quarter of 2018 [Member]
Compensation Plans (Details) [Line Items]
Share-based Payment Arrangement, Expense		$ 300		$ 600	$ 1,200

Compensation Plans (Details) -

Compensation Plans (Details) - Disclosure of Share-based Compensation Arrangements by Share-based Payment Award - Share Based Compensation [Member] - USD ($) $ / shares in Units, $ in Millions		6 Months Ended
		Jun. 30, 2019	Jun. 30, 2018
2018 Executive Management Incentive Plan [Member] | Equity Awards Issued in the First Quarter of 2019 [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Period common shares issued		First Quarter 2019
Common shares earned under each incentive plan		156,926
Common shares surrendered on issuance date to satisfy tax withholding obligations		24,999
Common shares earned and issued under each incentive plan, net of common shares surrendered on issuance date to satisfy tax withholding obligations		131,927
Closing stock price on issuance date (in Dollars per share)		$ 16.49
Total share-based compensation earned, including the surrendered shares (in millions) (in Dollars)	[1]	$ 2.6
Of the total common shares earned and issued, total common shares unrestricted at time of issuance		105,345
Of the total common shares earned and issued, total common shares restricted at time of issuance		26,582
Restricted common shares vesting date		Dec. 13, 2019
Common shares surrendered on vesting date to satisfy tax withholding requirements resulting from vesting of restricted common shares
2017 Executive Management Incentive Plan [Member] | Equity Awards Issued in First Quarter of 2018 [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Period common shares issued			First Quarter 2018
Common shares earned under each incentive plan			415,866
Common shares surrendered on issuance date to satisfy tax withholding obligations			48,533
Common shares earned and issued under each incentive plan, net of common shares surrendered on issuance date to satisfy tax withholding obligations			367,333
Closing stock price on issuance date (in Dollars per share)			$ 16.92
Total share-based compensation earned, including the surrendered shares (in millions) (in Dollars)	[2]		$ 7
Of the total common shares earned and issued, total common shares unrestricted at time of issuance			223,421
Of the total common shares earned and issued, total common shares restricted at time of issuance			143,912
Restricted common shares vesting date			Dec. 14, 2018
Common shares surrendered on vesting date to satisfy tax withholding requirements resulting from vesting of restricted common shares			41,389
[1]	Of the total 2018 share-based compensation, approximately $2.4 million was recorded as a liability as of December 31, 2018 and is included in accounts payable and other liabilities in the Company's consolidated balance sheet at December 31, 2018. The remaining $0.2 million, which is subject to vesting on December 13, 2019 and excludes any restricted shares forfeited or vested prior to that date, will be recognized as share-based compensation expense proportionately throughout 2019. For the three and six months ended June 30, 2019, the Company recognized approximately $0.04 million and $0.1 million, respectively, of share-based compensation expense related to restricted share awards.
[2]	Of the total 2017 share-based compensation, approximately $1.2 million, which vested on December 14, 2018, was recognized as share-based compensation expense proportionately throughout 2018. For the three and six months ended June 30, 2018, the Company recognized approximately $0.3 million and $0.6 million, respectively, of share-based compensation expense related to restricted share awards.

Leases (Details)

Leases (Details) $ in Thousands	6 Months Ended
	Jun. 30, 2019USD ($)	Jan. 01, 2019USD ($)	Dec. 31, 2018USD ($)
Leases (Details) [Line Items]
Cumulative Effect of New Accounting Principle in Period of Adoption		$ (5,200)
Real Estate Investment Property, Accumulated Depreciation	$ 971,738		$ 909,893
Hotel Ground Lease [Member]
Leases (Details) [Line Items]
Number of Properties Subject to Ground Leases	13
Number of Leases Classified as Finance Leases	4
Real Estate Investment Property, Accumulated Depreciation	$ 2,100
Parking Lot Ground Lease [Member]
Leases (Details) [Line Items]
Number of Properties Subject to Ground Leases	3
Hotel and Parking Lot Ground Leases [Member]
Leases (Details) [Line Items]
Number of Leases Classified as Operating Leases	12
Minimum [Member] | Hotel and Parking Lot Ground Leases [Member]
Leases (Details) [Line Items]
Lessee, Lease Term of Contract	4 years
Lessee, Lease Renewal Term	5 years
Maximum [Member] | Hotel and Parking Lot Ground Leases [Member]
Leases (Details) [Line Items]
Lessee, Lease Term of Contract	86 years
Lessee, Lease Renewal Term	120 years

Leases (Details) - Schedule of

Leases (Details) - Schedule of Leases - USD ($) $ in Thousands		Jun. 30, 2019	Dec. 31, 2018
Assets
Operating lease assets, net		$ 28,941
Finance ground lease assets, net	[1]	142,661
Total lease assets		171,602
Liabilities
Operating lease liabilities		12,470
Finance lease liabilities		163,508	$ 0
Total lease liabilities		$ 175,978
Weighted-average remaining lease term
Operating leases		36 years
Finance leases		32 years
Weighted-average discount rate
Operating leases		5.43%
Finance leases		5.28%
[1]	Finance ground lease assets are net of accumulated amortization of approximately $2.1 million as of June 30, 2019.

Leases (Details) - Schedule o_2

Leases (Details) - Schedule of Lease Cost - USD ($) $ in Thousands		3 Months Ended	6 Months Ended
		Jun. 30, 2019	Jun. 30, 2019
Schedule of Lease Cost [Abstract]
Operating lease costs	[1]	$ 423	$ 828
Finance lease costs:
Amortization of lease assets		1,149	2,190
Interest on lease liabilities		2,133	3,959
Total lease costs		$ 3,705	$ 6,977
[1]	Represents costs related to ground leases, including variable lease costs. Excludes costs related to hotel equipment leases, which are included in hotel operating expense and property taxes, insurance and other expense, and costs related to office space leases, which are included in general and administrative expense in the Company's consolidated statements of operations.

Leases (Details) - Maturity Of

Leases (Details) - Maturity Of Lessee Lease Liabilities $ in Thousands	Jun. 30, 2019USD ($)
Operating Leases [Member]
Leases (Details) - Maturity Of Lessee Lease Liabilities [Line Items]
2019 (July - December)	$ 697
2020	1,231
2021	1,015
2022	851
2023	777
Thereafter	33,187
Total minimum lease payments	37,758
Less: amount of lease payments representing interest	25,288
Present value of lease liabilities	12,470
Finance Leases [Member]
Leases (Details) - Maturity Of Lessee Lease Liabilities [Line Items]
2019 (July - December)	4,126
2020	7,385
2021	7,552
2022	7,702
2023	8,051
Thereafter	363,171
Total minimum lease payments	397,987
Less: amount of lease payments representing interest	234,479
Present value of lease liabilities	$ 163,508

Leases (Details) - Lease, Other

Leases (Details) - Lease, Other Information $ in Thousands	6 Months Ended
	Jun. 30, 2019USD ($)
Lease, Other Information [Abstract]
Operating cash flows for operating leases	$ 727
Operating cash flows for finance leases	$ 2,885

Subsequent Events (Details)

Subsequent Events (Details) - Subsequent Event [Member] $ / shares in Units, $ in Millions	1 Months Ended
	Jul. 31, 2019USD ($)$ / shares
Subsequent Events (Details) [Line Items]
Payments of Ordinary Dividends, Common Stock (in Dollars)	$ 22.4
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	Aug. 15, 2019
Hotels Under Contract [Member]
Subsequent Events (Details) [Line Items]
Number of Purchase Contracts	2
Number of Hotels	2
Hilton Garden Inn Madison WI [Member] | Hotels Under Contract [Member] | Hotels Under Development [Member]
Subsequent Events (Details) [Line Items]
Purchase Contract Gross Purchase Price (in Dollars)	$ 49.6
Aggregate Number of Hotel Rooms	176
Independent boutique Richmond VA [Member] | Hotels Under Contract [Member]
Subsequent Events (Details) [Line Items]
Purchase Contract Gross Purchase Price (in Dollars)	$ 7.3
Aggregate Number of Hotel Rooms	55