Apple Hospitality REIT (APLE) 10-Q 18 May 20 2020 Q1 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - shares	3 Months Ended
	Mar. 31, 2020	May 15, 2020
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		223,216,628
Amendment Flag	false
Entity Central Index Key	0001418121
Entity Current Reporting Status	Yes
Entity Filer Category	Large Accelerated Filer
Document Period End Date	Mar. 31, 2020
Document Fiscal Year Focus	2020
Document Fiscal Period Focus	Q1
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	Mar. 31, 2020	Dec. 31, 2019
Assets
Investment in real estate, net of accumulated depreciation and amortization of $1,096,718 and $1,054,429, respectively	$ 4,776,695	$ 4,825,738
Assets held for sale	0	12,093
Cash and cash equivalents	437,260	0
Restricted cash-furniture, fixtures and other escrows	33,335	34,661
Due from third party managers, net	22,040	26,926
Other assets, net	37,040	42,993
Total Assets	5,306,370	4,942,411
Liabilities
Debt, net	1,789,281	1,320,407
Finance lease liabilities	217,180	216,627
Accounts payable and other liabilities	105,105	114,364
Total Liabilities	2,111,566	1,651,398
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 223,017,081 and 223,862,913 shares, respectively	4,487,441	4,493,763
Accumulated other comprehensive loss	(46,864)	(4,698)
Distributions greater than net income	(1,245,773)	(1,198,052)
Total Shareholders' Equity	3,194,804	3,291,013
Total Liabilities and Shareholders' Equity	$ 5,306,370	$ 4,942,411

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parentheticals) - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019
Investment in real estate accumulated depreciation (in Dollars)	$ 1,096,718	$ 1,054,429
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	223,017,081	223,862,913
Common stock, shares outstanding	223,017,081	223,862,913

Consolidated Statements of Oper

Consolidated Statements of Operations and Comprehensive Income (Loss) - USD ($) shares in Thousands, $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Revenues:
Total revenue	$ 238,010	$ 303,787
Expenses:
Hotel operating expense	155,266	175,449
Property taxes, insurance and other	19,595	19,613
General and administrative	9,523	8,137
Depreciation and amortization	49,522	47,950
Total expense	233,906	251,149
Gain on sale of real estate	8,839	1,213
Operating income	12,943	53,851
Interest and other expense, net	(15,566)	(15,494)
Income (loss) before income taxes	(2,623)	38,357
Income tax expense	(146)	(206)
Net income (loss)	(2,769)	38,151
Other comprehensive loss:
Interest rate derivatives	(42,166)	(6,044)
Comprehensive income (loss)	$ (44,935)	$ 32,107
Basic and diluted net income (loss) per common share (in Dollars per share)	$ (0.01)	$ 0.17
Weighted average common shares outstanding - basic and diluted (in Shares)	224,294	223,932
Occupancy [Member]
Revenues:
Total revenue	$ 217,979	$ 279,470
Food and Beverage [Member]
Revenues:
Total revenue	11,312	15,015
Hotel, Other [Member]
Revenues:
Total revenue	8,719	9,302
Direct Operating [Member]
Expenses:
Hotel operating expense	68,029	75,580
Hotel Administrative [Member]
Expenses:
Hotel operating expense	23,643	25,630
Sales and Marketing [Member]
Expenses:
Hotel operating expense	24,359	27,694
Public Utilities [Member]
Expenses:
Hotel operating expense	9,190	9,939
Repair and Maintenance [Member]
Expenses:
Hotel operating expense	11,793	12,866
Royalty [Member]
Expenses:
Hotel operating expense	10,257	13,111
Management Service [Member]
Expenses:
Hotel operating expense	$ 7,995	$ 10,629

Consolidated Statements of Shar

Consolidated Statements of Shareholders' Equity - USD ($) shares in Thousands, $ in Thousands	Common Stock [Member]	Accumulated Other Comprehensive Income (Loss) [Member]	Accumulated Distributions in Excess of Net Income [Member]	Total
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	$ 2,385			2,385
Share based compensation, net (in Shares)	145
Common shares repurchased	$ (4,096)			(4,096)
Common shares repurchased (in Shares)	(274)
Interest rate derivatives		(6,044)		(6,044)
Net income (loss)			38,151	38,151
Distributions declared to shareholders			(67,178)	(67,178)
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
Balance at Dec. 31, 2019	$ 4,493,763	(4,698)	(1,198,052)	3,291,013
Balance (in Shares) at Dec. 31, 2019	223,863
Share based compensation, net	$ 8,014			8,014
Share based compensation, net (in Shares)	675
Common shares repurchased	$ (14,336)			(14,336)
Common shares repurchased (in Shares)	(1,521)
Interest rate derivatives		(42,166)		(42,166)
Net income (loss)			(2,769)	(2,769)
Distributions declared to shareholders			(44,952)	(44,952)
Balance at Mar. 31, 2020	$ 4,487,441	$ (46,864)	$ (1,245,773)	$ 3,194,804
Balance (in Shares) at Mar. 31, 2020	223,017

Consolidated Statements of Sh_2

Consolidated Statements of Shareholders' Equity (Parentheticals) - $ / shares	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Distributions declared to shareholders	$ 0.20	$ 0.30

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Cash flows from operating activities:
Net income (loss)	$ (2,769)	$ 38,151
Adjustments to reconcile net income (loss) to cash provided by operating activities:
Depreciation and amortization	49,522	47,950
Gain on sale of real estate	(8,839)	(1,213)
Other non-cash expenses, net	1,773	1,186
Changes in operating assets and liabilities:
Decrease (increase) in due from third party managers, net	4,886	(22,251)
Decrease (increase) in other assets, net	439	(2,345)
Decrease in accounts payable and other liabilities	(11,670)	(5,235)
Net cash provided by operating activities	33,342	56,243
Cash flows from investing activities:
Acquisition of hotel properties, net	0	(52,576)
Deposits and other disbursements for potential acquisitions	0	(360)
Capital improvements	(27,022)	(21,223)
Net proceeds from sale of real estate	44,387	95,143
Net cash provided by investing activities	17,365	20,984
Cash flows from financing activities:
Repurchases of common shares	(14,336)	(4,096)
Repurchases of common shares to satisfy employee withholding requirements	(1,748)	(491)
Distributions paid to common shareholders	(67,324)	(67,188)
Net proceeds from (payments on) revolving credit facility	374,100	(78,400)
Proceeds from term loans and senior notes	50,000	75,000
Proceeds from mortgage debt	63,400	0
Payments of mortgage debt	(18,354)	(3,415)
Financing costs	(511)	0
Net cash provided by (used in) financing activities	385,227	(78,590)
Net change in cash, cash equivalents and restricted cash	435,934	(1,363)
Cash, cash equivalents and restricted cash, beginning of period	34,661	33,632
Cash, cash equivalents and restricted cash, end of period	470,595	32,269
Supplemental cash flow information:
Interest paid	14,696	15,409
Supplemental disclosure of noncash investing and financing activities:
Accrued distribution to common shareholders	0	22,384
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	34,661	33,632
Cash and cash equivalents, end of period	437,260	0
Restricted cash-furniture, fixtures and other escrows, end of period	$ 33,335	$ 32,269

Organization and Summary of Sig

Organization and Summary of Significant Accounting Policies	3 Months Ended
	Mar. 31, 2020
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 March 31, 2020, the Company owned 231 hotels with an aggregate of 29,535 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, 2019 (the “2019 Form 10-K”). Operating results for the three months ended March 31, 2020 are not necessarily indicative of the results that may be expected for the twelve month period ending December 31, 2020. 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. Novel Coronavirus COVID-19 Pandemic As a result of the current novel coronavirus COVID-19 pandemic (“COVID-19”) and the impact it has had on travel and the broader economy throughout the U.S., the Company’s hotels have experienced significant declines in occupancy, which has had and is expected to continue to have a significant negative effect on the Company’s revenue and operating results. There remains significant uncertainty as to when operations at the hotels will return to normalized levels. As of May 15, 2020, each of the Company’s hotels were open and receiving reservations. The Company has intentionally consolidated operations for 38 hotels in market clusters to maximize operational efficiencies. Cash and Cash Equivalents Cash and cash equivalents include highly liquid investments with original maturities of three months or less. The fair market value of cash and cash equivalents approximates their carrying value. The Company’s cash and cash equivalents are distributed among several major banks, but the balances may at times exceed federal depository insurance limits. Investment in Real Estate The Company monitors its properties on an ongoing basis by analytically reviewing financial performance and considers each property individually for purposes of reviewing for indicators of impairment. Due to the impact of COVID-19 on the Company’s operating results, the Company considered this event as a potential indicator of impairment and, as a result, the Company performed a recoverability analysis for each of its properties consistent with its annual process. The analysis compared each property’s net book value to its estimated operating income, based on assumptions and estimates about the property’s future revenues, expenses, capital expenditures and recovery from disruption resulting from COVID-19. If events or circumstances change, such as the Company’s intended hold period for a property or if the operating performance of a property remains at current levels or declines substantially for an extended period of time, the Company’s carrying value for a particular property may not be recoverable, and an impairment loss will be recorded. Impairment losses are measured as the difference between the asset’s fair value and its carrying value. The Company’s recoverability analyses did not identify any impairment losses for the three months ended March 31, 2020 and 2019. 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. Reclassifications Certain prior period amounts in the consolidated financial statements have been reclassified to conform to the current period presentation with no effect on previously reported net income or shareholders’ equity. Accounting Standards Recently Adopted In August 2018, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) No. 2018-13, Fair Value Measurement (Topic 820), Disclosure Framework – Changes to the Disclosure Requirements for Fair Value Measurement In March 2020, the FASB issued ASU No. 2020-04, Reference Rate Reform (Topic 848)

Investment in Real Estate

Investment in Real Estate	3 Months Ended
	Mar. 31, 2020
Real Estate [Abstract]
Real Estate Disclosure [Text Block]	2. Investment in Real Estate The Company’s investment in real estate consisted of the following (in thousands): March 31, December 31, 2020 2019 Land $ 721,934 $ 724,054 Building and Improvements 4,450,646 4,458,383 Furniture, Fixtures and Equipment 489,465 486,386 Finance Ground Lease Assets 197,617 197,617 Franchise Fees 13,751 13,727 5,873,413 5,880,167 Less Accumulated Depreciation and Amortization (1,096,718 ) (1,054,429 ) Investment in Real Estate, net $ 4,776,695 $ 4,825,738 As of March 31, 2020, the Company owned 231 hotels with an aggregate of 29,535 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 There were no acquisitions during the three months ended March 31, 2020. During the year ended December 31, 2019, the Company acquired three hotels, including two hotels during the three months ended March 31, 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 Richmond VA Independent Crestline 10/9/2019 55 6,875 343 $ 59,291 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 three months ended March 31, 2019, the amount of revenue and operating income included in the Company’s consolidated statement of operations from the date of acquisition through March 31, 2019 was approximately $0.7 million and $0.1 million, respectively. Hotel Purchase Contract Commitments As of March 31, 2020, the Company had outstanding contracts, all of which were entered into prior to 2020, for the potential purchase of six hotels for a total expected purchase price of approximately $208.8 million. Two of the hotels, the newly developed Hampton Inn & Suites and Home2 Suites in Cape Canaveral, Florida, were acquired in April 2020. Also, subsequent to March 31, 2020, the Company exercised its right to terminate the contract to purchase the Courtyard hotel in Denver, Colorado and the refundable deposit of approximately $0.6 million was repaid to the Company. The three remaining hotels are under development and are planned to be completed and opened for business over the next five to 15 months from March 31, 2020, at which time closings on these hotels are expected to occur. Although the Company is working towards acquiring these hotels, in each case there are a number of 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. If the sellers meet all of the conditions to closing, the Company is obligated to specifically perform under these contracts. As the properties are under development, at this time, the sellers have not met all of the conditions to closing. The following table summarizes the location, brand, date of purchase contract, expected number of rooms, refundable (if the seller does not meet its obligations under the contract) contract deposits paid, and gross purchase price for each of the contracts outstanding at March 31, 2020 that have not been terminated. All dollar amounts are in thousands. Location Brands Date of Purchase Contract Rooms Refundable Deposits Gross Purchase Price Cape Canaveral, FL (1) Hampton and Home2 Suites 4/11/2018 224 $ 3 $ 46,704 Tempe, AZ (2)(3) Hyatt House and Hyatt Place 6/13/2018 254 720 63,341 Madison, WI (2) Hilton Garden Inn 7/9/2019 176 283 49,632 654 $ 1,006 $ 159,677 (1) Newly developed hotels were acquired on April 30, 2020 and opened during April 2020. These hotels are part of a combined 224-room, dual-branded complex. (2) 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 five to 15 months from March 31, 2020. 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. (3) These hotels are part of a combined 254-room, dual-branded complex. The Company utilized $25.0 million of its available cash and entered into a one-year

Dispositions

Dispositions	3 Months Ended
	Mar. 31, 2020
Discontinued Operations and Disposal Groups [Abstract]
Disposal Groups, Including Discontinued Operations, Disclosure [Text Block]	3. Dispositions During the three months ended March 31, 2020, the Company sold two hotels in two transactions with unrelated parties for a total combined gross sales price of approximately $45.0 million, resulting in a combined gain on sale of approximately $8.8 million, which is included in the Company’s consolidated statement of operations for the three months ended March 31, 2020. The two hotels had a total carrying value of approximately $35.7 million at the time of sale. The following table lists the two hotels sold: City State Brand Date Sold Rooms Sanford FL SpringHill Suites 1/16/2020 105 Boise ID SpringHill Suites 2/27/2020 230 Total 335 During the year ended December 31, 2019, the Company sold 11 hotels in three transactions with unrelated parties for a total combined gross sales price of approximately $121.7 million, resulting in a combined gain on sale of approximately $5.6 million, which is included in the Company’s consolidated statement of operations for the year ended December 31, 2019. The 11 hotels had a total carrying value of approximately $115.1 million at the time of the sale. The following table lists the 11 hotels sold: City State Brand Date Sold Rooms Sarasota FL Homewood Suites 3/28/2019 100 Tampa FL TownePlace Suites 3/28/2019 94 Baton Rouge LA SpringHill Suites 3/28/2019 119 Holly Springs NC Hampton 3/28/2019 124 Duncanville TX Hilton Garden Inn 3/28/2019 142 Texarkana TX Courtyard 3/28/2019 90 Texarkana TX TownePlace Suites 3/28/2019 85 Bristol VA Courtyard 3/28/2019 175 Harrisonburg VA Courtyard 3/28/2019 125 Winston-Salem NC Courtyard 12/19/2019 122 Fort Lauderdale FL Hampton 12/30/2019 109 Total 1,285 Excluding gains on sale of real estate, the Company’s consolidated statements of operations include operating income of approximately $0.1 million and $2.6 million for the three months ended March 31, 2020 and 2019, respectively, relating to the results of operations of the 13 hotels noted above (the two hotels sold in the first three months of 2020 and the 11 hotels sold in 2019) 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 months ended March 31, 2020 and 2019. The net proceeds from the sales were used to pay down borrowings on the Company’s revolving credit facility.

Debt

Debt	3 Months Ended
	Mar. 31, 2020
Debt Disclosure [Abstract]
Debt Disclosure [Text Block]	4. Debt Summary As of March 31, 2020, and December 31, 2019, the Company’s debt consisted of the following (in thousands): March 31, December 31, Revolving credit facility $ 425,000 $ 50,900 Term loans and senior notes, net 864,084 813,934 Mortgage debt, net 500,197 455,573 Debt, net $ 1,789,281 $ 1,320,407 The aggregate amounts of principal payable under the Company’s total debt obligations as of March 31, 2020 (including the revolving credit facility, term loans, senior notes and mortgage debt), for the five years subsequent to March 31, 2020 and thereafter are as follows (in thousands): 2020 (April - December) $ 10,431 2021 48,185 2022 534,872 2023 296,256 2024 338,643 Thereafter 566,626 1,795,013 Unamortized fair value adjustment of assumed debt 2,300 Unamortized debt issuance costs (8,032 ) Total $ 1,789,281 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 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 March 31, 2020 and December 31, 2019, is set forth below. All dollar amounts are in thousands. March 31, Percentage December 31, Percentage Fixed-rate debt (1) $ 1,417,513 79 % $ 1,297,467 98 % Variable-rate debt 377,500 21 % 28,400 2 % Total $ 1,795,013 $ 1,325,867 Weighted-average interest rate of debt (2) 3.35 % 3.59 % (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. Due to interest rate swaps expiring in May 2020, partially offset by other interest rate swaps becoming effective on the same date, $197.5 million of fixed-rate debt as of March 31, 2020 will become variable-rate debt in May 2020. See Note 5 for more information on the interest rate swap agreements. (2) The Company anticipates entering into an amendment to each of its unsecured credit facilities to waive certain covenants under the agreements. The amendments are expected to require that the interest rates on each of its unsecured credit facilities increase to the highest interest rate margin under each facility (75-80 basis points above the current margin) during the covenant relief period. Credit Facilities $850 Million Credit Facility The Company utilizes an unsecured “$850 million credit facility” 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 (the “$425 million term loan facility”). 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. In response to the disruption to the operations of the Company’s hotels and to the financial markets and broader economy caused by COVID-19, the Company borrowed its entire availability under its revolving credit facility in March 2020 and, at March 31, 2020, had an outstanding balance of $425.0 million and no remaining availability under its credit facilities. $225 Million Term Loan Facility The Company has an unsecured $225 million term loan facility that is comprised of (i) a $50 million term loan with a maturity date of August 2, 2023, which was funded on August 2, 2018, and (ii) a $175 million term loan with a maturity date of August 2, 2025, of which $100 million was funded on August 2, 2018 and the remaining $75 million was funded on January 29, 2019. 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. 2017 $85 Million Term Loan Facility On July 25, 2017, the Company entered into an unsecured $85 million term loan facility with a maturity date of July 25, 2024, consisting of one term loan that was funded at closing (the “2017 $85 million term loan facility”). The credit agreement, as amended and restated in August 2018, 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. In July 2019, the Company entered into an amendment of the $85 million term loan to reduce the interest rate margin from 1.80% - 2.60% to 1.30% - 2.10%, depending upon the Company’s leverage ratio, as calculated under the terms of the credit agreement, for the remainder of the term. 2019 $85 Million Term Loan Facility On December 31, 2019, the Company entered into an unsecured $85 million term loan facility with a maturity date of December 31, 2029, consisting of one term loan funded at closing (the “2019 $85 million term loan facility”). Net proceeds from the 2019 $85 million term loan facility were used to pay down borrowings on the Company’s revolving credit 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, subject to certain conditions. Interest payments on the 2019 $85 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 1.70% to 2.55%, depending upon the Company’s leverage ratio, as calculated under the terms of the credit agreement. $50 Million Senior Notes Facility On March 16, 2020, the Company entered into an unsecured $50 million senior notes facility with a maturity date of March 31, 2030, consisting of senior notes totaling $50 million funded at closing (the “$50 million senior notes facility” and, collectively with the $850 million credit facility, the $225 million term loan facility, the 2017 $85 million term loan facility and the 2019 $85 million term loan facility, the “credit facilities”). Net proceeds from the $50 million senior notes facility are available to provide funding for general corporate purposes. The note 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, including make-whole provisions. Interest payments on the $50 million senior notes facility are due quarterly and the interest rate, subject to certain exceptions, ranges from an annual rate of 3.60% to 4.35% depending on the Company’s ratio of Consolidated Total Indebtedness to Consolidated EBITDA as defined in the agreement. As of March 31, 2020, and December 31, 2019, 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 March 31, December 31, Revolving credit facility (1) LIBOR + 1.40% - 2.25% 7/27/2022 $ 425,000 $ 50,900 Term loans and senior notes $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 175,000 175,000 2017 $85 million term loan LIBOR + 1.30% - 2.10% 7/25/2024 85,000 85,000 2019 $85 million term loan LIBOR + 1.70% - 2.55% 12/31/2029 85,000 85,000 $50 million senior notes 3.60% - 4.35% 3/31/2030 50,000 - Term loans and senior notes at stated value 870,000 820,000 Unamortized debt issuance costs (5,916 ) (6,066 ) Term loans and senior notes, net 864,084 813,934 Credit facilities, net (1) $ 1,289,084 $ 864,834 Weighted-average interest rate (2) 2.97 % 3.14 % (1) (2) The credit agreements governing the credit facilities contain mandatory prepayment requirements, customary affirmative and 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 March 31, 2020. As a result of COVID-19 and the associated disruption to the Company’s operating results, the Company anticipates that it may not be in compliance with certain of these covenants in future periods. In April 2020, the Company notified the lenders under its credit facilities of the anticipated non-compliance with certain covenants and anticipates entering into amendments to each of the credit facilities that will provide for waivers of each of the covenants for four quarters beginning with the quarter ending June 30, 2020. The terms of the amendments are expected to include minimum liquidity requirements and restrictions on the amount of the Company’s distributions, capital expenditures, share repurchases and acquisitions among other items during the covenant relief period. Additionally, the Company anticipates the amendments to require that the interest rate under its credit facilities increase, during the covenant relief period, to the highest interest rate margin under each of the credit agreements which would range from 75-80 basis points of an increase above current margins depending on the agreement. Although the Company anticipates completing these amendments, there are many conditions to closing, including but not limited to finalizing the terms of the amendments and completing the amendments themselves, and there can be no assurances that the Company will be able to complete the amendments with the noted terms or at all. If the amendments are not entered into, as currently anticipated, and the Company does not meet the covenant requirements in future periods, the Company will be in default under each credit facility, which may result in a potential acceleration of amounts due under each credit facility, which would have a material adverse effect on the Company if it is unable to obtain alternative sources of capital to repay such amounts. Mortgage Debt As of March 31, 2020, the Company had approximately $500.0 million in outstanding mortgage debt secured by 31 properties, with maturity dates ranging from July 2021 to January 2038, stated interest rates ranging from 3.40% to 6.25% and effective interest rates ranging from 3.40% to 4.97%. The loans generally provide for monthly payments of principal and interest on an amortized basis and defeasance or prepayment penalties if prepaid. The following table sets forth the hotel properties securing each loan, the interest rate, loan assumption or origination date, maturity date, the principal amount assumed or originated, and the outstanding balance prior to any fair value adjustments or debt issuance costs as of March 31, 2020 and December 31, 2019 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 March 31, Outstanding balance as of December 31, San Juan Capistrano, CA Residence Inn 4.15 % 9/1/2016 (2) $ 16,210 $ - $ 15,073 Colorado Springs, CO Hampton 6.25 % 9/1/2016 7/6/2021 7,923 7,433 7,471 Franklin, TN Courtyard 6.25 % 9/1/2016 8/6/2021 14,679 13,776 13,847 Franklin, TN Residence Inn 6.25 % 9/1/2016 8/6/2021 14,679 13,776 13,847 Grapevine, TX Hilton Garden Inn 4.89 % 8/29/2012 9/1/2022 11,810 9,691 9,775 Collegeville/Philadelphia, PA Courtyard 4.89 % 8/30/2012 9/1/2022 12,650 10,381 10,471 Hattiesburg, MS Courtyard 5.00 % 3/1/2014 9/1/2022 5,732 4,856 4,897 Rancho Bernardo/San Diego, CA Courtyard 5.00 % 3/1/2014 9/1/2022 15,060 12,756 12,866 Kirkland, WA Courtyard 5.00 % 3/1/2014 9/1/2022 12,145 10,287 10,376 Seattle, WA Residence Inn 4.96 % 3/1/2014 9/1/2022 28,269 23,923 24,130 Anchorage, AK Embassy Suites 4.97 % 9/13/2012 10/1/2022 23,230 19,160 19,324 Somerset, NJ Courtyard 4.73 % 3/1/2014 10/6/2022 8,750 7,376 7,441 Tukwila, WA Homewood Suites 4.73 % 3/1/2014 10/6/2022 9,431 7,950 8,020 Prattville, AL Courtyard 4.12 % 3/1/2014 2/6/2023 6,596 5,507 5,558 Huntsville, AL Homewood Suites 4.12 % 3/1/2014 2/6/2023 8,306 6,935 6,999 San Diego, CA Residence Inn 3.97 % 3/1/2014 3/6/2023 18,600 15,496 15,640 Miami, FL Homewood Suites 4.02 % 3/1/2014 4/1/2023 16,677 13,924 14,051 New Orleans, LA Homewood Suites 4.36 % 7/17/2014 8/11/2024 27,000 23,328 23,513 Westford, MA Residence Inn 4.28 % 3/18/2015 4/11/2025 10,000 8,809 8,876 Denver, CO Hilton Garden Inn 4.46 % 9/1/2016 6/11/2025 34,118 31,082 31,311 Oceanside, CA Courtyard 4.28 % 9/1/2016 10/1/2025 13,655 12,743 12,812 Omaha, NE Hilton Garden Inn 4.28 % 9/1/2016 10/1/2025 22,682 21,167 21,280 Boise, ID Hampton 4.37 % 5/26/2016 6/11/2026 24,000 22,478 22,588 Burbank, CA Courtyard 3.55 % 11/3/2016 12/1/2026 25,564 23,375 23,552 San Diego, CA Courtyard 3.55 % 11/3/2016 12/1/2026 25,473 23,292 23,468 San Diego, CA Hampton 3.55 % 11/3/2016 12/1/2026 18,963 17,339 17,471 Burbank, CA SpringHill Suites 3.94 % 3/9/2018 4/1/2028 28,470 27,138 27,317 Santa Ana, CA Courtyard 3.94 % 3/9/2018 4/1/2028 15,530 14,803 14,901 Richmond, VA Courtyard 3.40 % 2/12/2020 3/11/2030 14,950 14,950 - Richmond, VA Residence Inn 3.40 % 2/12/2020 3/11/2030 14,950 14,950 - Portland, ME Residence Inn 3.43 % 3/2/2020 4/1/2030 33,500 33,500 - San Jose, CA Homewood Suites 4.22 % 12/22/2017 1/1/2038 30,000 27,832 28,092 $ 569,602 500,013 454,967 Unamortized fair value adjustment of assumed debt 2,300 2,526 Unamortized debt issuance costs (2,116 ) (1,920 ) Total $ 500,197 $ 455,573 (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) Loan was repaid in full in March 2020.

Fair Value of Financial Instrum

Fair Value of Financial Instruments	3 Months Ended
	Mar. 31, 2020
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 March 31, 2020, the carrying value and estimated fair value of the Company’s debt were approximately $1.8 billion and $1.6 billion, respectively. As of December 31, 2019, both the carrying value and estimated fair value of the Company’s debt were approximately $1.3 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, senior notes 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 March 31, 2020 and December 31, 2019. All dollar amounts are in thousands. Notional Amount at March 31, 2020 Fair Value Asset (Liability) Origination Date Effective Date Maturity Date Swap Fixed Interest Rate March 31, 2020 December 31, Interest rate swaps designated as cash flow hedges at March 31, 2020: $ 212,500 5/19/2015 5/21/2015 5/18/2020 1.58 % $ (240 ) $ 78 50,000 4/7/2016 9/30/2016 3/31/2021 1.09 % (370 ) 317 100,000 4/7/2016 9/30/2016 3/31/2023 1.33 % (3,077 ) 707 75,000 5/31/2017 7/31/2017 6/30/2024 1.96 % (5,085 ) (1,286 ) 10,000 8/10/2017 8/10/2017 6/30/2024 2.01 % (697 ) (185 ) 50,000 6/1/2018 1/31/2019 6/30/2025 2.89 % (6,506 ) (3,407 ) 50,000 7/2/2019 7/5/2019 7/18/2024 1.65 % (2,777 ) (193 ) 50,000 8/21/2019 8/23/2019 8/18/2024 1.32 % (2,092 ) 595 50,000 8/21/2019 8/23/2019 8/30/2024 1.32 % (2,094 ) 603 85,000 12/31/2019 12/31/2019 12/31/2029 1.86 % (10,170 ) (842 ) 25,000 12/6/2018 1/31/2020 6/30/2025 2.75 % (3,072 ) (1,501 ) 50,000 12/7/2018 5/18/2020 1/31/2024 2.72 % (4,481 ) (2,139 ) 75,000 8/21/2019 5/18/2020 5/18/2025 1.27 % (3,242 ) 1,222 75,000 8/21/2019 5/18/2021 5/18/2026 1.30 % (2,961 ) 1,309 957,500 (46,864 ) (4,722 ) Interest rate swaps not designated as hedges at March 31, 2020: 110,000 7/2/2015 7/2/2015 5/18/2020 1.62 % (130 ) 24 $ 1,067,500 $ (46,994 ) $ (4,698 ) The Company assesses, both at inception and on an ongoing basis, the effectiveness of its qualifying cash flow hedges. For the three months ended March 31, 2020, all of the interest rate swap agreements listed above, with the exception of the $110 million agreement, were designated as cash flow hedges. The Company discontinued hedge accounting on the $110 million interest rate swap agreement during the three months ended March 31, 2020 due to a change in the forecasted interest payments being hedged. As a result, the unrealized loss incurred during the three months ended March 31, 2020 of $0.2 million was recorded to interest and other expense, net in the Company’s statement of operations. 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 $9.5 million of net unrealized losses included in accumulated other comprehensive loss at March 31, 2020 will be reclassified as an increase 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 months ended March 31, 2020 and 2019 (in thousands): Net Unrealized Loss Recognized in Other Comprehensive Income (Loss) Net Unrealized Gain (Loss) Reclassified from Accumulated Other Comprehensive Income (Loss) to Interest and Other Expense, net Three Months Ended March 31, Three Months Ended March 31, 2020 2019 2020 2019 Interest rate derivatives in cash flow hedging relationships $ (42,267 ) $ (4,770 ) $ (101 ) $ 1,274

Related Parties

Related Parties	3 Months Ended
	Mar. 31, 2020
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 2019 Form 10-K. Below is a summary of the significant related party relationships in effect during the three months ended March 31, 2020 and 2019. 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 three months ended March 31, 2020 and 2019 totaled approximately $0.3 million for each respective period, and are recorded as a reduction to general and administrative expenses in the Company’s consolidated statements of operations. As part of the cost sharing arrangement, certain day-to-day transactions may result in amounts due to or from the Company and ARG. To efficiently manage cash disbursements, the Company or ARG may make payments for the other company. Under this cash management process, each company may advance or defer up to $1 million at any time. Each quarter, any outstanding amounts are settled between the companies. This process allows each company to minimize its cash on hand and reduces the cost for each company. The amounts outstanding at any point in time are not significant to either of the companies. As of March 31, 2020, and December 31, 2019, total amounts due from ARG for reimbursements under the cost sharing structure totaled approximately $0.3 million and $0.5 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 investor 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 Chief Executive Officer, for acquisition, asset management, renovation and investor and public relations purposes, and reimburses these entities at third party rates. Total costs incurred for the use of these aircraft during the three months ended March 31, 2020 and 2019 were less than $0.1 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	3 Months Ended
	Mar. 31, 2020
Stockholders' Equity Note [Abstract]
Stockholders' Equity Note Disclosure [Text Block]	7. Shareholders’ Equity Distributions Subsequent to the distribution paid in March 2020, the Company announced the suspension of its monthly distributions due to the impact of COVID-19 on its operating cash flows. Prior to the suspension of its distributions, the Company’s annual distribution rate, payable monthly, was $1.20 per common share. For the three months ended March 31, 2020 and 2019, the Company paid distributions of $0.30 per common share for a total of $67.3 million and $67.2 million, respectively. The distributions paid during the three months ended March 31, 2020 include the distribution paid in January 2020, totaling $22.4 million, that was declared in December 2019, which was included in accounts payable and other liabilities in the Company’s consolidated balance sheet at December 31, 2019. Share Repurchases In May 2020, 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 $345 million. The Share Repurchase Program may be suspended or terminated at any time by the Company and will end in July 2021 if not terminated earlier. During the first three months of 2020 and 2019, the Company purchased, under its Share Repurchase Program, approximately 1.5 million and 0.3 million of its common shares, respectively, at a weighted-average market purchase price of approximately $9.42 and $14.93 per common share, respectively, for an aggregate purchase price, including commissions, of approximately $14.3 million and $4.1 million, respectively. The shares were repurchased under a written trading plan that provided for share repurchases in open market transactions, and was intended to comply with Rule 10b5-1 under the Securities Exchange Act of 1934, as amended. Repurchases under the Share Repurchase Program have been funded, and the Company intends to fund future repurchases, with cash on hand or availability under its credit facilities. As of March 31, 2020, approximately $345.4 million remained available for purchase under the Share Repurchase Program. In March 2020 the Company terminated its written trading plan.

Compensation Plans

Compensation Plans	3 Months Ended
	Mar. 31, 2020
Disclosure Text Block Supplement [Abstract]
Compensation and Employee Benefit Plans [Text Block]	8. Compensation Plans The Company annually establishes an incentive plan for its executive management. Under the incentive plan for 2020 (the “2020 Incentive Plan”), participants are eligible to receive a bonus based on the achievement of certain 2020 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 March 31, 2020, the range of potential aggregate payouts under the 2020 Incentive Plan was $0 - $13.9 million. The range of payout under the 2020 Incentive Plan reflects a voluntary reduction of $0 - $5.2 million of the potential payout to the Company’s Chief Executive Officer in response to the expected decline in the Company’s operating results due to COVID-19. Based on performance through March 31, 2020, the Company has accrued approximately $1.5 million as a liability for potential executive bonus payments under the 2020 Incentive Plan, which is included in accounts payable and other liabilities in the Company’s consolidated balance sheet as of March 31, 2020 and in general and administrative expenses in the Company’s consolidated statement of operations for the three months ended March 31, 2020. Approximately 25% of awards under the 2020 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 in December 2020 and one-third of which will vest in December 2021. Under the incentive plan for 2019 (the “2019 Incentive Plan”), the Company recorded approximately $2.2 million in general and administrative expenses in its consolidated statement of operations for the three months ended March 31, 2019. During the three months ended March 31, 2020, the Company accrued expense associated with two separation agreements of approximately $1.25 million each, totaling approximately $2.5 million, in connection with the retirements of the Company’s former Executive Vice President and Chief Operating Officer and the Company’s former Executive Vice President and Chief Financial Officer which, pursuant to the separation and general release agreements executed and amended in March 2020, will be paid at a mutually agreed-upon date in 2020. The accrued expense was included in accounts payable and other liabilities in the Company’s consolidated balance sheet as of March 31, 2020 and in general and administrative expenses in the Company’s consolidated statement of operations for the three months ended March 31, 2020. During the three months ended March 31, 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 three months ended March 31, 2019. Share-Based Compensation Awards The following table sets forth information pertaining to the share-based compensation issued under the 2019 Incentive Plan and the incentive plan for 2018 (the “2018 Incentive Plan”). 2019 Incentive Plan 2018 Incentive Plan Period common shares issued First Quarter 2020 First Quarter 2019 Common shares earned under each incentive plan 665,552 156,926 Common shares surrendered on issuance date to satisfy tax withholding obligations 60,616 24,999 Common shares earned and issued under each incentive plan, net of common shares surrendered on issuance date to satisfy tax withholding obligations 604,936 131,927 Closing stock price on issuance date $ 13.01 $ 16.49 Total share-based compensation earned, including the surrendered shares (in millions) $ 8.7 (1) $ 2.6 (2) Of the total common shares earned and issued, total common shares unrestricted at time of issuance 426,553 105,345 Of the total common shares earned and issued, total common shares restricted at time of issuance 178,383 26,582 Restricted common shares vesting date December 11, 2020 December 13, 2019 Common shares surrendered on vesting date to satisfy tax withholding requirements resulting from vesting of restricted common shares n/a 5,502 (1) Of the total 2019 share-based compensation, approximately $7.5 million was recorded as a liability as of December 31, 2019 and is included in accounts payable and other liabilities in the Company's consolidated balance sheet at December 31, 2019. The remaining $1.2 million, which is subject to vesting on December 11, 2020 and excludes any restricted shares forfeited or vested prior to that date, will be recognized as share-based compensation expense proportionately throughout 2020. For the three months ended March 31, 2020, the Company recognized approximately $0.3 million of share-based compensation expense related to restricted share awards. (2) Of the total 2018 share-based compensation, approximately $0.2 million, which vested on December 13, 2019, was recognized as share-based compensation expense proportionately throughout 2019. For the three months ended March 31, 2019, the Company recognized approximately $0.05 million of share-based compensation expense related to restricted share awards.

Subsequent Events

Subsequent Events	3 Months Ended
	Mar. 31, 2020
Subsequent Events [Abstract]
Subsequent Events [Text Block]	9. Subsequent Events On April 30, 2020, the Company closed on the purchase of the newly developed Hampton Inn & Suites and Home2 Suites in Cape Canaveral, Florida, a combined 224-room dual-branded complex, for a gross purchase price of approximately $46.7 million. The Company utilized $25.0 million of its available cash and entered into a one-year In May 2020, the contract to purchase the Courtyard hotel in Denver, Colorado was terminated and the refundable deposit of approximately $0.6 million was repaid to the Company.

Accounting Policies, by Policy

Accounting Policies, by Policy (Policies)	3 Months Ended
	Mar. 31, 2020
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 March 31, 2020, the Company owned 231 hotels with an aggregate of 29,535 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, 2019 (the “2019 Form 10-K”). Operating results for the three months ended March 31, 2020 are not necessarily indicative of the results that may be expected for the twelve month period ending December 31, 2020.
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.
Novel Coronavirus COVID-19 Pandemic, Policy [Policy Text Block]	Novel Coronavirus COVID-19 Pandemic As a result of the current novel coronavirus COVID-19 pandemic (“COVID-19”) and the impact it has had on travel and the broader economy throughout the U.S., the Company’s hotels have experienced significant declines in occupancy, which has had and is expected to continue to have a significant negative effect on the Company’s revenue and operating results. There remains significant uncertainty as to when operations at the hotels will return to normalized levels. As of May 15, 2020, each of the Company’s hotels were open and receiving reservations. The Company has intentionally consolidated operations for 38 hotels in market clusters to maximize operational efficiencies.
Cash and Cash Equivalents, Policy [Policy Text Block]	Cash and Cash Equivalents Cash and cash equivalents include highly liquid investments with original maturities of three months or less. The fair market value of cash and cash equivalents approximates their carrying value. The Company’s cash and cash equivalents are distributed among several major banks, but the balances may at times exceed federal depository insurance limits.
Property, Plant and Equipment, Policy [Policy Text Block]	Investment in Real Estate The Company monitors its properties on an ongoing basis by analytically reviewing financial performance and considers each property individually for purposes of reviewing for indicators of impairment. Due to the impact of COVID-19 on the Company’s operating results, the Company considered this event as a potential indicator of impairment and, as a result, the Company performed a recoverability analysis for each of its properties consistent with its annual process. The analysis compared each property’s net book value to its estimated operating income, based on assumptions and estimates about the property’s future revenues, expenses, capital expenditures and recovery from disruption resulting from COVID-19. If events or circumstances change, such as the Company’s intended hold period for a property or if the operating performance of a property remains at current levels or declines substantially for an extended period of time, the Company’s carrying value for a particular property may not be recoverable, and an impairment loss will be recorded. Impairment losses are measured as the difference between the asset’s fair value and its carrying value. The Company’s recoverability analyses did not identify any impairment losses for the three months ended March 31, 2020 and 2019.
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.
Reclassification, Policy [Policy Text Block]	Reclassifications Certain prior period amounts in the consolidated financial statements have been reclassified to conform to the current period presentation with no effect on previously reported net income or shareholders’ equity.
New Accounting Pronouncements, Policy [Policy Text Block]	Accounting Standards Recently Adopted In August 2018, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) No. 2018-13, Fair Value Measurement (Topic 820), Disclosure Framework – Changes to the Disclosure Requirements for Fair Value Measurement In March 2020, the FASB issued ASU No. 2020-04, Reference Rate Reform (Topic 848)

Investment in Real Estate (Tabl

Investment in Real Estate (Tables)	3 Months Ended
	Mar. 31, 2020
Investment in Real Estate (Tables) [Line Items]
Property, Plant and Equipment [Table Text Block]	The Company’s investment in real estate consisted of the following (in thousands): March 31, December 31, 2020 2019 Land $ 721,934 $ 724,054 Building and Improvements 4,450,646 4,458,383 Furniture, Fixtures and Equipment 489,465 486,386 Finance Ground Lease Assets 197,617 197,617 Franchise Fees 13,751 13,727 5,873,413 5,880,167 Less Accumulated Depreciation and Amortization (1,096,718 ) (1,054,429 ) Investment in Real Estate, net $ 4,776,695 $ 4,825,738
Schedule of Outstanding Contracts for Potential Purchase of Real Estate Properties [Table Text Block]	As of March 31, 2020, the Company had outstanding contracts, all of which were entered into prior to 2020, for the potential purchase of six hotels for a total expected purchase price of approximately $208.8 million. Two of the hotels, the newly developed Hampton Inn & Suites and Home2 Suites in Cape Canaveral, Florida, were acquired in April 2020. Also, subsequent to March 31, 2020, the Company exercised its right to terminate the contract to purchase the Courtyard hotel in Denver, Colorado and the refundable deposit of approximately $0.6 million was repaid to the Company. The three remaining hotels are under development and are planned to be completed and opened for business over the next five to 15 months from March 31, 2020, at which time closings on these hotels are expected to occur. Although the Company is working towards acquiring these hotels, in each case there are a number of 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. If the sellers meet all of the conditions to closing, the Company is obligated to specifically perform under these contracts. As the properties are under development, at this time, the sellers have not met all of the conditions to closing. The following table summarizes the location, brand, date of purchase contract, expected number of rooms, refundable (if the seller does not meet its obligations under the contract) contract deposits paid, and gross purchase price for each of the contracts outstanding at March 31, 2020 that have not been terminated. All dollar amounts are in thousands. Location Brands Date of Purchase Contract Rooms Refundable Deposits Gross Purchase Price Cape Canaveral, FL (1) Hampton and Home2 Suites 4/11/2018 224 $ 3 $ 46,704 Tempe, AZ (2)(3) Hyatt House and Hyatt Place 6/13/2018 254 720 63,341 Madison, WI (2) Hilton Garden Inn 7/9/2019 176 283 49,632 654 $ 1,006 $ 159,677 (1) Newly developed hotels were acquired on April 30, 2020 and opened during April 2020. These hotels are part of a combined 224-room, dual-branded complex. (2) 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 five to 15 months from March 31, 2020. 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. (3) These hotels are part of a combined 254-room, dual-branded complex.
2019 Acquisitions [Member]
Investment in Real Estate (Tables) [Line Items]
Schedule of Real Estate Properties [Table Text Block]	There were no acquisitions during the three months ended March 31, 2020. During the year ended December 31, 2019, the Company acquired three hotels, including two hotels during the three months ended March 31, 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 Richmond VA Independent Crestline 10/9/2019 55 6,875 343 $ 59,291

Dispositions (Tables)

Dispositions (Tables)	3 Months Ended
	Mar. 31, 2020
2020 Dispositions [Member]
Dispositions (Tables) [Line Items]
Disposal Group, Schedule of Property Disposed During Period [Table Text Block]	During the three months ended March 31, 2020, the Company sold two hotels in two transactions with unrelated parties for a total combined gross sales price of approximately $45.0 million, resulting in a combined gain on sale of approximately $8.8 million, which is included in the Company’s consolidated statement of operations for the three months ended March 31, 2020. The two hotels had a total carrying value of approximately $35.7 million at the time of sale. The following table lists the two hotels sold: City State Brand Date Sold Rooms Sanford FL SpringHill Suites 1/16/2020 105 Boise ID SpringHill Suites 2/27/2020 230 Total 335
2019 Dispositions [Member]
Dispositions (Tables) [Line Items]
Disposal Group, Schedule of Property Disposed During Period [Table Text Block]	During the year ended December 31, 2019, the Company sold 11 hotels in three transactions with unrelated parties for a total combined gross sales price of approximately $121.7 million, resulting in a combined gain on sale of approximately $5.6 million, which is included in the Company’s consolidated statement of operations for the year ended December 31, 2019. The 11 hotels had a total carrying value of approximately $115.1 million at the time of the sale. The following table lists the 11 hotels sold: City State Brand Date Sold Rooms Sarasota FL Homewood Suites 3/28/2019 100 Tampa FL TownePlace Suites 3/28/2019 94 Baton Rouge LA SpringHill Suites 3/28/2019 119 Holly Springs NC Hampton 3/28/2019 124 Duncanville TX Hilton Garden Inn 3/28/2019 142 Texarkana TX Courtyard 3/28/2019 90 Texarkana TX TownePlace Suites 3/28/2019 85 Bristol VA Courtyard 3/28/2019 175 Harrisonburg VA Courtyard 3/28/2019 125 Winston-Salem NC Courtyard 12/19/2019 122 Fort Lauderdale FL Hampton 12/30/2019 109 Total 1,285

Debt (Tables)

Debt (Tables)	3 Months Ended
	Mar. 31, 2020
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 March 31, 2020 (including the revolving credit facility, term loans, senior notes and mortgage debt), for the five years subsequent to March 31, 2020 and thereafter are as follows (in thousands): 2020 (April - December) $ 10,431 2021 48,185 2022 534,872 2023 296,256 2024 338,643 Thereafter 566,626 1,795,013 Unamortized fair value adjustment of assumed debt 2,300 Unamortized debt issuance costs (8,032 ) Total $ 1,789,281
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 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 March 31, 2020 and December 31, 2019, is set forth below. All dollar amounts are in thousands. March 31, Percentage December 31, Percentage Fixed-rate debt (1) $ 1,417,513 79 % $ 1,297,467 98 % Variable-rate debt 377,500 21 % 28,400 2 % Total $ 1,795,013 $ 1,325,867 Weighted-average interest rate of debt (2) 3.35 % 3.59 % (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. Due to interest rate swaps expiring in May 2020, partially offset by other interest rate swaps becoming effective on the same date, $197.5 million of fixed-rate debt as of March 31, 2020 will become variable-rate debt in May 2020. See Note 5 for more information on the interest rate swap agreements. (2) The Company anticipates entering into an amendment to each of its unsecured credit facilities to waive certain covenants under the agreements. The amendments are expected to require that the interest rates on each of its unsecured credit facilities increase to the highest interest rate margin under each facility (75-80 basis points above the current margin) during the covenant relief period.
Summary [Member]
Debt (Tables) [Line Items]
Schedule of Long-term Debt Instruments [Table Text Block]	As of March 31, 2020, and December 31, 2019, the Company’s debt consisted of the following (in thousands): March 31, December 31, Revolving credit facility $ 425,000 $ 50,900 Term loans and senior notes, net 864,084 813,934 Mortgage debt, net 500,197 455,573 Debt, net $ 1,789,281 $ 1,320,407
Credit Facilities [Member]
Debt (Tables) [Line Items]
Schedule of Long-term Debt Instruments [Table Text Block]	As of March 31, 2020, and December 31, 2019, 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 March 31, December 31, Revolving credit facility (1) LIBOR + 1.40% - 2.25% 7/27/2022 $ 425,000 $ 50,900 Term loans and senior notes $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 175,000 175,000 2017 $85 million term loan LIBOR + 1.30% - 2.10% 7/25/2024 85,000 85,000 2019 $85 million term loan LIBOR + 1.70% - 2.55% 12/31/2029 85,000 85,000 $50 million senior notes 3.60% - 4.35% 3/31/2030 50,000 - Term loans and senior notes at stated value 870,000 820,000 Unamortized debt issuance costs (5,916 ) (6,066 ) Term loans and senior notes, net 864,084 813,934 Credit facilities, net (1) $ 1,289,084 $ 864,834 Weighted-average interest rate (2) 2.97 % 3.14 % (1) (2)
Mortgage Debt [Member]
Debt (Tables) [Line Items]
Schedule of Long-term Debt Instruments [Table Text Block]	As of March 31, 2020, the Company had approximately $500.0 million in outstanding mortgage debt secured by 31 properties, with maturity dates ranging from July 2021 to January 2038, stated interest rates ranging from 3.40% to 6.25% and effective interest rates ranging from 3.40% to 4.97%. The loans generally provide for monthly payments of principal and interest on an amortized basis and defeasance or prepayment penalties if prepaid. The following table sets forth the hotel properties securing each loan, the interest rate, loan assumption or origination date, maturity date, the principal amount assumed or originated, and the outstanding balance prior to any fair value adjustments or debt issuance costs as of March 31, 2020 and December 31, 2019 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 March 31, Outstanding balance as of December 31, San Juan Capistrano, CA Residence Inn 4.15 % 9/1/2016 (2) $ 16,210 $ - $ 15,073 Colorado Springs, CO Hampton 6.25 % 9/1/2016 7/6/2021 7,923 7,433 7,471 Franklin, TN Courtyard 6.25 % 9/1/2016 8/6/2021 14,679 13,776 13,847 Franklin, TN Residence Inn 6.25 % 9/1/2016 8/6/2021 14,679 13,776 13,847 Grapevine, TX Hilton Garden Inn 4.89 % 8/29/2012 9/1/2022 11,810 9,691 9,775 Collegeville/Philadelphia, PA Courtyard 4.89 % 8/30/2012 9/1/2022 12,650 10,381 10,471 Hattiesburg, MS Courtyard 5.00 % 3/1/2014 9/1/2022 5,732 4,856 4,897 Rancho Bernardo/San Diego, CA Courtyard 5.00 % 3/1/2014 9/1/2022 15,060 12,756 12,866 Kirkland, WA Courtyard 5.00 % 3/1/2014 9/1/2022 12,145 10,287 10,376 Seattle, WA Residence Inn 4.96 % 3/1/2014 9/1/2022 28,269 23,923 24,130 Anchorage, AK Embassy Suites 4.97 % 9/13/2012 10/1/2022 23,230 19,160 19,324 Somerset, NJ Courtyard 4.73 % 3/1/2014 10/6/2022 8,750 7,376 7,441 Tukwila, WA Homewood Suites 4.73 % 3/1/2014 10/6/2022 9,431 7,950 8,020 Prattville, AL Courtyard 4.12 % 3/1/2014 2/6/2023 6,596 5,507 5,558 Huntsville, AL Homewood Suites 4.12 % 3/1/2014 2/6/2023 8,306 6,935 6,999 San Diego, CA Residence Inn 3.97 % 3/1/2014 3/6/2023 18,600 15,496 15,640 Miami, FL Homewood Suites 4.02 % 3/1/2014 4/1/2023 16,677 13,924 14,051 New Orleans, LA Homewood Suites 4.36 % 7/17/2014 8/11/2024 27,000 23,328 23,513 Westford, MA Residence Inn 4.28 % 3/18/2015 4/11/2025 10,000 8,809 8,876 Denver, CO Hilton Garden Inn 4.46 % 9/1/2016 6/11/2025 34,118 31,082 31,311 Oceanside, CA Courtyard 4.28 % 9/1/2016 10/1/2025 13,655 12,743 12,812 Omaha, NE Hilton Garden Inn 4.28 % 9/1/2016 10/1/2025 22,682 21,167 21,280 Boise, ID Hampton 4.37 % 5/26/2016 6/11/2026 24,000 22,478 22,588 Burbank, CA Courtyard 3.55 % 11/3/2016 12/1/2026 25,564 23,375 23,552 San Diego, CA Courtyard 3.55 % 11/3/2016 12/1/2026 25,473 23,292 23,468 San Diego, CA Hampton 3.55 % 11/3/2016 12/1/2026 18,963 17,339 17,471 Burbank, CA SpringHill Suites 3.94 % 3/9/2018 4/1/2028 28,470 27,138 27,317 Santa Ana, CA Courtyard 3.94 % 3/9/2018 4/1/2028 15,530 14,803 14,901 Richmond, VA Courtyard 3.40 % 2/12/2020 3/11/2030 14,950 14,950 - Richmond, VA Residence Inn 3.40 % 2/12/2020 3/11/2030 14,950 14,950 - Portland, ME Residence Inn 3.43 % 3/2/2020 4/1/2030 33,500 33,500 - San Jose, CA Homewood Suites 4.22 % 12/22/2017 1/1/2038 30,000 27,832 28,092 $ 569,602 500,013 454,967 Unamortized fair value adjustment of assumed debt 2,300 2,526 Unamortized debt issuance costs (2,116 ) (1,920 ) Total $ 500,197 $ 455,573 (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) Loan was repaid in full in March 2020.

Fair Value of Financial Instr_2

Fair Value of Financial Instruments (Tables)	3 Months Ended
	Mar. 31, 2020
Fair Value Disclosures [Abstract]
Schedule of Interest Rate Derivatives [Table Text Block]	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 March 31, 2020 and December 31, 2019. All dollar amounts are in thousands. Notional Amount at March 31, 2020 Fair Value Asset (Liability) Origination Date Effective Date Maturity Date Swap Fixed Interest Rate March 31, 2020 December 31, Interest rate swaps designated as cash flow hedges at March 31, 2020: $ 212,500 5/19/2015 5/21/2015 5/18/2020 1.58 % $ (240 ) $ 78 50,000 4/7/2016 9/30/2016 3/31/2021 1.09 % (370 ) 317 100,000 4/7/2016 9/30/2016 3/31/2023 1.33 % (3,077 ) 707 75,000 5/31/2017 7/31/2017 6/30/2024 1.96 % (5,085 ) (1,286 ) 10,000 8/10/2017 8/10/2017 6/30/2024 2.01 % (697 ) (185 ) 50,000 6/1/2018 1/31/2019 6/30/2025 2.89 % (6,506 ) (3,407 ) 50,000 7/2/2019 7/5/2019 7/18/2024 1.65 % (2,777 ) (193 ) 50,000 8/21/2019 8/23/2019 8/18/2024 1.32 % (2,092 ) 595 50,000 8/21/2019 8/23/2019 8/30/2024 1.32 % (2,094 ) 603 85,000 12/31/2019 12/31/2019 12/31/2029 1.86 % (10,170 ) (842 ) 25,000 12/6/2018 1/31/2020 6/30/2025 2.75 % (3,072 ) (1,501 ) 50,000 12/7/2018 5/18/2020 1/31/2024 2.72 % (4,481 ) (2,139 ) 75,000 8/21/2019 5/18/2020 5/18/2025 1.27 % (3,242 ) 1,222 75,000 8/21/2019 5/18/2021 5/18/2026 1.30 % (2,961 ) 1,309 957,500 (46,864 ) (4,722 ) Interest rate swaps not designated as hedges at March 31, 2020: 110,000 7/2/2015 7/2/2015 5/18/2020 1.62 % (130 ) 24 $ 1,067,500 $ (46,994 ) $ (4,698 )
Derivative Instruments, Gain (Loss) [Table Text Block]	The following table presents the effect of derivative instruments in cash flow hedging relationships in the Company’s consolidated statements of operations and comprehensive income for the three months ended March 31, 2020 and 2019 (in thousands): Net Unrealized Loss Recognized in Other Comprehensive Income (Loss) Net Unrealized Gain (Loss) Reclassified from Accumulated Other Comprehensive Income (Loss) to Interest and Other Expense, net Three Months Ended March 31, Three Months Ended March 31, 2020 2019 2020 2019 Interest rate derivatives in cash flow hedging relationships $ (42,267 ) $ (4,770 ) $ (101 ) $ 1,274

Compensation Plans (Tables)

Compensation Plans (Tables)	3 Months Ended
	Mar. 31, 2020
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 2019 Incentive Plan and the incentive plan for 2018 (the “2018 Incentive Plan”). 2019 Incentive Plan 2018 Incentive Plan Period common shares issued First Quarter 2020 First Quarter 2019 Common shares earned under each incentive plan 665,552 156,926 Common shares surrendered on issuance date to satisfy tax withholding obligations 60,616 24,999 Common shares earned and issued under each incentive plan, net of common shares surrendered on issuance date to satisfy tax withholding obligations 604,936 131,927 Closing stock price on issuance date $ 13.01 $ 16.49 Total share-based compensation earned, including the surrendered shares (in millions) $ 8.7 (1) $ 2.6 (2) Of the total common shares earned and issued, total common shares unrestricted at time of issuance 426,553 105,345 Of the total common shares earned and issued, total common shares restricted at time of issuance 178,383 26,582 Restricted common shares vesting date December 11, 2020 December 13, 2019 Common shares surrendered on vesting date to satisfy tax withholding requirements resulting from vesting of restricted common shares n/a 5,502 (1) Of the total 2019 share-based compensation, approximately $7.5 million was recorded as a liability as of December 31, 2019 and is included in accounts payable and other liabilities in the Company's consolidated balance sheet at December 31, 2019. The remaining $1.2 million, which is subject to vesting on December 11, 2020 and excludes any restricted shares forfeited or vested prior to that date, will be recognized as share-based compensation expense proportionately throughout 2020. For the three months ended March 31, 2020, the Company recognized approximately $0.3 million of share-based compensation expense related to restricted share awards. (2) Of the total 2018 share-based compensation, approximately $0.2 million, which vested on December 13, 2019, was recognized as share-based compensation expense proportionately throughout 2019. For the three months ended March 31, 2019, the Company recognized approximately $0.05 million of share-based compensation expense related to restricted share awards.

Organization and Summary of S_2

Organization and Summary of Significant Accounting Policies (Details)	3 Months Ended
	Mar. 31, 2020
Accounting Policies [Abstract]
Number of Reportable Segments	1
Number of Hotels	231
Aggregate Number of Hotel Rooms	29,535
Number of States in which Hotels are Located	34
Number of Hotels with Intentionally Consolidated Operations	38

Investment in Real Estate (Deta

Investment in Real Estate (Details) $ in Thousands	Apr. 30, 2020USD ($)	May 31, 2020USD ($)	Mar. 31, 2020USD ($)	Mar. 31, 2019USD ($)	Dec. 31, 2019
Investment in Real Estate (Details) [Line Items]
Number of Hotels			231
Aggregate Number of Hotel Rooms			29,535
Number of States in which Hotels Are Located			34
Revenue from Contract with Customer, Excluding Assessed Tax (in Dollars)			$ 238,010	$ 303,787
Operating Income (Loss) (in Dollars)			12,943	53,851
Payments to Acquire Real Estate (in Dollars)			$ 0	$ 52,576
Hotel Acquisitions [Member]
Investment in Real Estate (Details) [Line Items]
Number of Hotels			0	2	3
Revenue from Contract with Customer, Excluding Assessed Tax (in Dollars)				$ 700
Operating Income (Loss) (in Dollars)				$ 100
Hotels Under Purchase Contract [Member]
Investment in Real Estate (Details) [Line Items]
Number of Hotels			6
Purchase Contract Gross Purchase Price (in Dollars)			$ 208,800
Hotels Under Purchase Contract [Member] | Hotels Under Development [Member]
Investment in Real Estate (Details) [Line Items]
Number of Hotels			3
Hotel Development, Time to Completion			over the next five to 15 months
Subsequent Event [Member] | Courtyard Denver, CO [Member]
Investment in Real Estate (Details) [Line Items]
Payments for (Proceeds from) Deposits on Real Estate Acquisitions (in Dollars)		$ (600)
Subsequent Event [Member] | Hotels Under Purchase Contract [Member] | Hampton and Home2 Suites Cape Canaveral, FL [Member]
Investment in Real Estate (Details) [Line Items]
Number of Hotels	2
Purchase Contract Gross Purchase Price (in Dollars)	$ 46,700
Payments to Acquire Real Estate (in Dollars)	$ 25,000
Debt Instrument, Term	1 year
Debt Instrument, Face Amount (in Dollars)	$ 21,700
Debt Instrument, Description of Variable Rate Basis	one-month LIBOR
Subsequent Event [Member] | Hotels Under Purchase Contract [Member] | Variable Interest Rate for the First Six Months of Loan [Member] | London Interbank Offered Rate (LIBOR) [Member] | Hampton and Home2 Suites Cape Canaveral, FL [Member]
Investment in Real Estate (Details) [Line Items]
Debt Instrument, Basis Spread on Variable Rate	2.00%
Subsequent Event [Member] | Hotels Under Purchase Contract [Member] | Variable Interest Rate for the Last Six Months of Loan [Member] | London Interbank Offered Rate (LIBOR) [Member] | Hampton and Home2 Suites Cape Canaveral, FL [Member]
Investment in Real Estate (Details) [Line Items]
Debt Instrument, Basis Spread on Variable Rate	3.00%

Investment in Real Estate (De_2

Investment in Real Estate (Details) - Investment in Real Estate - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019
Property, Plant and Equipment [Line Items]
Real Estate Investment Property, at Cost	$ 5,873,413	$ 5,880,167
Less Accumulated Depreciation and Amortization	(1,096,718)	(1,054,429)
Investment in Real Estate, net	4,776,695	4,825,738
Land [Member]
Property, Plant and Equipment [Line Items]
Real Estate Investment Property, at Cost	721,934	724,054
Building and Improvements [Member]
Property, Plant and Equipment [Line Items]
Real Estate Investment Property, at Cost	4,450,646	4,458,383
Furniture, Fixtures and Equipment [Member]
Property, Plant and Equipment [Line Items]
Real Estate Investment Property, at Cost	489,465	486,386
Finance Ground Lease Assets [Member]
Property, Plant and Equipment [Line Items]
Real Estate Investment Property, at Cost	197,617	197,617
Franchise Fees [Member]
Property, Plant and Equipment [Line Items]
Real Estate Investment Property, at Cost	$ 13,751	$ 13,727

Investment in Real Estate (De_3

Investment in Real Estate (Details) - Hotel Acquisitions $ in Thousands	12 Months Ended
	Dec. 31, 2019USD ($)	Mar. 31, 2020
Real Estate Properties [Line Items]
Rooms		29,535
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
Independent boutique Richmond VA [Member]
Real Estate Properties [Line Items]
Manager	Crestline
Date Acquired	Oct. 9, 2019
Rooms	55
Gross Purchase Price	$ 6,875
Total [Member]
Real Estate Properties [Line Items]
Rooms	343
Gross Purchase Price	$ 59,291

Investment in Real Estate (De_4

Investment in Real Estate (Details) - Outstanding Purchase Contracts - Hotels Under Contract [Member] $ in Thousands	3 Months Ended
	Mar. 31, 2020USD ($)
Real Estate Properties [Line Items]
Rooms	654
Refundable Deposits	$ 1,006
Gross Purchase Price	$ 159,677
Hotels Under Development [Member] | Hampton and Home2 Suites Cape Canaveral, FL [Member]
Real Estate Properties [Line Items]
Rooms	224	[1]
Refundable Deposits	$ 3
Gross Purchase Price	$ 46,704
Date of Purchase Contract	Apr. 11, 2018
Hotels Under Development [Member] | Hyatt House and Hyatt Place Tempe, AZ [Member]
Real Estate Properties [Line Items]
Rooms	254	[2],[3]
Refundable Deposits	$ 720
Gross Purchase Price	$ 63,341
Date of Purchase Contract	Jun. 13, 2018
Hotels Under Development [Member] | Hilton Garden Inn Madison WI [Member]
Real Estate Properties [Line Items]
Rooms	176	[2]
Refundable Deposits	$ 283
Gross Purchase Price	$ 49,632
Date of Purchase Contract	Jul. 9, 2019
[1]	Newly developed hotels were acquired on April 30, 2020 and opened during April 2020. These hotels are part of a combined 224-room, dual-branded complex.
[2]	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 five to 15 months from March 31, 2020. 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.
[3]	These hotels are part of a combined 254-room, dual-branded complex.

Dispositions (Details)

Dispositions (Details) - Hotels Sold [Member] $ in Millions	3 Months Ended		12 Months Ended	15 Months Ended
	Mar. 31, 2020USD ($)	Mar. 31, 2019USD ($)	Dec. 31, 2019USD ($)	Mar. 31, 2020USD ($)
Dispositions (Details) [Line Items]
Number of Hotels	2		11	13
Number of Transactions	2		3
Sale of Real Estate Assets, Gross Sales Price	$ 45		$ 121.7
Gain (Loss) on Disposition of Assets	8.8		5.6
Real Estate Investment, Carrying Value	35.7		$ 115.1	$ 35.7
Operating Income (Loss), Excluding Gain (Loss) on Sale of Real Estate	$ 0.1	$ 2.6

Dispositions (Details) - Hotels

Dispositions (Details) - Hotels Sold	3 Months Ended	12 Months Ended
	Mar. 31, 2020	Dec. 31, 2019
SpringHill Suites Sanford, FL [Member]
Dispositions (Details) - Hotels Sold [Line Items]
Date Sold	Jan. 16, 2020
Rooms	105
SpringHill Suites Boise, ID [Member]
Dispositions (Details) - Hotels Sold [Line Items]
Date Sold	Feb. 27, 2020
Rooms	230
Total [Member]
Dispositions (Details) - Hotels Sold [Line Items]
Rooms	335	1,285

Dispositions (Details) - Hote_2

Dispositions (Details) - Hotels Sold	3 Months Ended	12 Months Ended
	Mar. 31, 2020	Dec. 31, 2019
Homewood Suites Sarasota, FL [Member]
Dispositions (Details) - Hotels Sold [Line Items]
Date Sold		Mar. 28, 2019
Rooms		100
TownePlace Suites Tampa, FL [Member]
Dispositions (Details) - Hotels Sold [Line Items]
Date Sold		Mar. 28, 2019
Rooms		94
SpringHill Suites Baton Rouge, LA [Member]
Dispositions (Details) - Hotels Sold [Line Items]
Date Sold		Mar. 28, 2019
Rooms		119
Hampton Holly Springs, NC [Member]
Dispositions (Details) - Hotels Sold [Line Items]
Date Sold		Mar. 28, 2019
Rooms		124
Hilton Garden Inn Duncanville, TX [Member]
Dispositions (Details) - Hotels Sold [Line Items]
Date Sold		Mar. 28, 2019
Rooms		142
Courtyard Texarkana, TX [Member]
Dispositions (Details) - Hotels Sold [Line Items]
Date Sold		Mar. 28, 2019
Rooms		90
TownePlace Suites Texarkana, TX [Member]
Dispositions (Details) - Hotels Sold [Line Items]
Date Sold		Mar. 28, 2019
Rooms		85
Courtyard Bristol, VA [Member]
Dispositions (Details) - Hotels Sold [Line Items]
Date Sold		Mar. 28, 2019
Rooms		175
Courtyard Harrisonburg, VA [Member]
Dispositions (Details) - Hotels Sold [Line Items]
Date Sold		Mar. 28, 2019
Rooms		125
Courtyard Winston-Salem, NC [Member]
Dispositions (Details) - Hotels Sold [Line Items]
Date Sold		Dec. 19, 2019
Rooms		122
Hampton Fort Lauderdale, FL [Member]
Dispositions (Details) - Hotels Sold [Line Items]
Date Sold		Dec. 30, 2019
Rooms		109
Total [Member]
Dispositions (Details) - Hotels Sold [Line Items]
Rooms	335	1,285

Debt (Details)

Debt (Details) $ in Thousands	Mar. 16, 2020USD ($)	Dec. 31, 2019USD ($)	Jan. 29, 2019USD ($)	Mar. 31, 2020USD ($)	Mar. 31, 2019USD ($)	Aug. 02, 2018USD ($)	Jul. 25, 2017USD ($)
Debt (Details) [Line Items]
Long-term Line of Credit (in Dollars)		$ 50,900		$ 425,000
Proceeds from Issuance of Unsecured Debt (in Dollars)				50,000	$ 75,000
Debt Issuance Costs, Net (in Dollars)				8,032
Long-term Debt, Gross (in Dollars)		$ 1,325,867		$ 1,795,013
Mortgage Debt [Member]
Debt (Details) [Line Items]
Debt Instrument, Maturity Date, Description				maturity dates ranging from July 2021 to January 2038
Long-term Debt, Gross (in Dollars)				$ 500,000
Number of Hotel Properties Used to Secure Debt				31
Mortgage Debt [Member] | Minimum [Member]
Debt (Details) [Line Items]
Debt Instrument, Interest Rate, Stated Percentage				3.40%
Debt Instrument, Interest Rate, Effective Percentage				3.40%
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%
2017 $85 Million Unsecured Term Loan Facility [Member]
Debt (Details) [Line Items]
Number of Term Loans				1
Debt Instrument, Face Amount (in Dollars)							$ 85,000
Debt Instrument, Maturity Date				Jul. 25, 2024
Debt Instrument, Description of Variable Rate Basis				one-month LIBOR
Loan Amendment Description				In July 2019, the Company entered into an amendment of the $85 million term loan to reduce the interest rate margin from 1.80% - 2.60% to 1.30% - 2.10%, depending upon the Company’s leverage ratio, as calculated under the terms of the credit agreement, for the remainder of the term.
2019 $85 Million Unsecured Term Loan Facility [Member]
Debt (Details) [Line Items]
Number of Term Loans		1
Debt Instrument, Face Amount (in Dollars)		$ 85,000
Debt Instrument, Maturity Date		Dec. 31, 2029
Debt Instrument, Description of Variable Rate Basis		one-month LIBOR
$50 Million Senior Notes [Member]
Debt (Details) [Line Items]
Debt Instrument, Face Amount (in Dollars)	$ 50,000
Debt Instrument, Maturity Date	Mar. 31, 2030
$50 Million Senior Notes [Member] | Minimum [Member]
Debt (Details) [Line Items]
Debt Instrument, Interest Rate, Stated Percentage	3.60%
$50 Million Senior Notes [Member] | Maximum [Member]
Debt (Details) [Line Items]
Debt Instrument, Interest Rate, Stated Percentage	4.35%
Portion Of Fixed Rate Debt As Of March 31, 2020 That Will Become Variable Rate Debt In May 2020 Due To Changes In Interest Rate Swaps [Member]
Debt (Details) [Line Items]
Derivative, Notional Amount (in Dollars)				$ 197,500
Outstanding Variable-Rate Debt Effectively Fixed By Interest Rate Swaps [Member]
Debt (Details) [Line Items]
Derivative, Notional Amount (in Dollars)		$ 842,500		$ 867,500
London Interbank Offered Rate (LIBOR) [Member]
Debt (Details) [Line Items]
Debt Instrument, Basis of Variable Rate		1.76%		0.99%
London Interbank Offered Rate (LIBOR) [Member] | 2019 $85 Million Unsecured Term Loan Facility [Member] | Minimum [Member]
Debt (Details) [Line Items]
Debt Instrument, Basis Spread on Variable Rate				1.70%
London Interbank Offered Rate (LIBOR) [Member] | 2019 $85 Million Unsecured Term Loan Facility [Member] | Maximum [Member]
Debt (Details) [Line Items]
Debt Instrument, Basis Spread on Variable Rate				2.55%
Interest Rate Margin Prior to Amendment in July 2019 [Member] | London Interbank Offered Rate (LIBOR) [Member] | 2017 $85 Million Unsecured Term Loan Facility [Member] | Minimum [Member]
Debt (Details) [Line Items]
Debt Instrument, Basis Spread on Variable Rate				1.80%
Interest Rate Margin Prior to Amendment in July 2019 [Member] | London Interbank Offered Rate (LIBOR) [Member] | 2017 $85 Million Unsecured Term Loan Facility [Member] | Maximum [Member]
Debt (Details) [Line Items]
Debt Instrument, Basis Spread on Variable Rate				2.60%
Interest Rate Margin Subsequent to Amendment in July 2019 [Member] | London Interbank Offered Rate (LIBOR) [Member] | 2017 $85 Million Unsecured Term Loan Facility [Member] | Minimum [Member]
Debt (Details) [Line Items]
Debt Instrument, Basis Spread on Variable Rate				1.30%
Interest Rate Margin Subsequent to Amendment in July 2019 [Member] | London Interbank Offered Rate (LIBOR) [Member] | 2017 $85 Million Unsecured Term Loan Facility [Member] | Maximum [Member]
Debt (Details) [Line Items]
Debt Instrument, Basis Spread on Variable Rate				2.10%
$850 Million Unsecured Credit Facility [Member]
Debt (Details) [Line Items]
Line of Credit Facility, Maximum Borrowing Capacity (in Dollars)				$ 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 (in Dollars)				$ 425,000
Line of Credit Facility, Expiration Date				Jul. 27, 2022
Debt Instrument, Maturity Date, Description				maturity date may be extended up to one year
Long-term Line of Credit (in Dollars)				$ 425,000
Line of Credit Facility, Remaining Borrowing Capacity (in Dollars)				$ 0
$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%
$425 Million Unsecured Term Loan Facility [Member] | $850 Million Unsecured Credit Facility [Member]
Debt (Details) [Line Items]
Term Loan Facility, Maximum Borrowing Capacity (in Dollars)				$ 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 (in Dollars)				$ 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 (in Dollars)				$ 225,000
Debt Instrument, Maturity Date				Jan. 31, 2024
$225 Million Unsecured Term Loan Facility [Member]
Debt (Details) [Line Items]
Term Loan Facility, Maximum Borrowing Capacity (in Dollars)				$ 225,000
Debt Instrument, Description of Variable Rate Basis				one-month LIBOR
Date of Amended and Restated Credit Facility				Aug. 2, 2018
$225 Million Unsecured Term Loan Facility [Member] | $50 Million Unsecured Term Loan [Member]
Debt (Details) [Line Items]
Debt Instrument, Face Amount (in Dollars)						$ 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 (in Dollars)						$ 100,000
Debt Instrument, Maturity Date				Aug. 2, 2025
Total Borrowing Capacity Under Term Loan (in Dollars)				$ 175,000
Debt Instrument, Description				$100 million was funded on August 2, 2018 and the remaining $75 million was funded on January 29, 2019
Proceeds from Issuance of Unsecured Debt (in Dollars)			$ 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 (in Dollars)		$ 2,600		$ 2,300
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 and 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 March 31, 2020. As a result of COVID-19 and the associated disruption to the Company’s operating results, the Company anticipates that it may not be in compliance with certain of these covenants in future periods. In April 2020, the Company notified the lenders under its credit facilities of the anticipated non-compliance with certain covenants and anticipates entering into amendments to each of the credit facilities that will provide for waivers of each of the covenants for four quarters beginning with the quarter ending June 30, 2020. The terms of the amendments are expected to include minimum liquidity requirements and restrictions on the amount of the Company’s distributions, capital expenditures, share repurchases and acquisitions among other items during the covenant relief period. Additionally, the Company anticipates the amendments to require that the interest rate under its credit facilities increase, during the covenant relief period, to the highest interest rate margin under each of the credit agreements which would range from 75-80 basis points of an increase above current margins depending on the agreement. Although the Company anticipates completing these amendments, there are many conditions to closing, including but not limited to finalizing the terms of the amendments and completing the amendments themselves, and there can be no assurances that the Company will be able to complete the amendments with the noted terms or at all. If the amendments are not entered into, as currently anticipated, and the Company does not meet the covenant requirements in future periods, the Company will be in default under each credit facility, which may result in a potential acceleration of amounts due under each credit facility, which would have a material adverse effect on the Company if it is unable to obtain alternative sources of capital to repay such amounts.
Credit Facilities [Member] | Minimum [Member]
Debt (Details) [Line Items]
Anticipated Increase in Interest Rate of Debt Basis Points				75
Credit Facilities [Member] | Maximum [Member]
Debt (Details) [Line Items]
Anticipated Increase in Interest Rate of Debt Basis Points				80

Debt (Details) - Schedule of De

Debt (Details) - Schedule of Debt - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019
Schedule of Debt [Abstract]
Revolving credit facility	$ 425,000	$ 50,900
Term loans and senior notes, net	864,084	813,934
Mortgage debt, net	500,197	455,573
Debt, net	$ 1,789,281	$ 1,320,407

Debt (Details) - Future Minimum

Debt (Details) - Future Minimum Debt Payments - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019
Future Minimum Debt Payments [Abstract]
2020 (April - December)	$ 10,431
2021	48,185
2022	534,872
2023	296,256
2024	338,643
Thereafter	566,626
	1,795,013	$ 1,325,867
Unamortized fair value adjustment of assumed debt	2,300
Unamortized debt issuance costs	(8,032)
Total	$ 1,789,281	$ 1,320,407

Debt (Details) - Schedule of To

Debt (Details) - Schedule of Total Fixed-Rate and Variable-Rate Debt - USD ($) $ in Thousands		Mar. 31, 2020	Dec. 31, 2019
Schedule of Total Fixed-Rate and Variable-Rate Debt [Abstract]
Fixed-rate debt	[1]	$ 1,417,513	$ 1,297,467
Fixed-rate debt, Percentage	[1]	79.00%	98.00%
Variable-rate debt		$ 377,500	$ 28,400
Variable-rate debt, Percentage		21.00%	2.00%
Total		$ 1,795,013	$ 1,325,867
Weighted-average interest rate of debt	[2]	3.35%	3.59%
[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. Due to interest rate swaps expiring in May 2020, partially offset by other interest rate swaps becoming effective on the same date, $197.5 million of fixed-rate debt as of March 31, 2020 will become variable-rate debt in May 2020. See Note 5 for more information on the interest rate swap agreements.
[2]	The Company anticipates entering into an amendment to each of its unsecured credit facilities to waive certain covenants under the agreements. The amendments are expected to require that the interest rates on each of its unsecured credit facilities increase to the highest interest rate margin under each facility (75-80 basis points above the current margin) during the covenant relief period.

Debt (Details) - Credit Facilit

Debt (Details) - Credit Facilities - USD ($) $ in Thousands		3 Months Ended
		Mar. 31, 2020	Dec. 31, 2019
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]	$ 425,000	$ 50,900
$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	175,000
2017 $85 Million Term Loan [Member]
Debt Instrument [Line Items]
Maturity date		Jul. 25, 2024
Interest rate		LIBOR + 1.30% - 2.10%
Outstanding balance		$ 85,000	85,000
2019 $85 Million Unsecured Term Loan Facility [Member]
Debt Instrument [Line Items]
Maturity date		Dec. 31, 2029
Interest rate		LIBOR + 1.70% - 2.55%
Outstanding balance		$ 85,000	85,000
$50 Million Senior Notes [Member]
Debt Instrument [Line Items]
Maturity date		Mar. 31, 2030
Interest rate		3.60% - 4.35%
Outstanding balance		$ 50,000	0
Term Loans and Senior Loans, Net [Member]
Debt Instrument [Line Items]
Outstanding balance		870,000	820,000
Unamortized debt issuance costs		(5,916)	(6,066)
Term loans and senior notes, net		864,084	813,934
Credit Facilities, Net [Member]
Debt Instrument [Line Items]
Credit facilities, net	[1]	$ 1,289,084	$ 864,834
Weighted-average interest rate	[2]	2.97%	3.14%
[1]	Excludes unamortized debt issuance costs related to the revolving credit facility totaling approximately $2.3 million and $2.6 million as of March 31, 2020 and December 31, 2019, 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 $867.5 million and $842.5 million of the outstanding variable-rate debt as of March 31, 2020 and December 31, 2019, respectively. See Note 5 for more information on the interest rate swap agreements. The one-month LIBOR at March 31, 2020 and December 31, 2019 was 0.99% and 1.76%, respectively. The Company anticipates entering into an amendment to each of its unsecured credit facilities to waive certain covenants under the agreements. The amendments are expected to require that the interest rates on each of its unsecured credit facilities increase to the highest interest rate margin under each facility (75-80 basis points above the current margin) during the covenant relief period.

Debt (Details) - Mortgage Note

Debt (Details) - Mortgage Note Debt - USD ($) $ in Thousands		3 Months Ended
		Mar. 31, 2020	Dec. 31, 2019
Debt Instrument [Line Items]
Outstanding Balance		$ 1,795,013	$ 1,325,867
Unamortized fair value adjustment of assumed debt		2,300
Unamortized debt issuance costs		(8,032)
Total		$ 500,197	455,573
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	[2]
Principal Assumed or Originated		$ 16,210
Outstanding Balance		$ 0	15,073
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		$ 7,433	7,471
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		$ 13,776	13,847
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		$ 13,776	13,847
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		$ 9,691	9,775
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		$ 10,381	10,471
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		$ 4,856	4,897
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		$ 12,756	12,866
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		$ 10,287	10,376
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		$ 23,923	24,130
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		$ 19,160	19,324
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		$ 7,376	7,441
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		$ 7,950	8,020
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		$ 5,507	5,558
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		$ 6,935	6,999
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		$ 15,496	15,640
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		$ 13,924	14,051
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		$ 23,328	23,513
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		$ 8,809	8,876
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		$ 31,082	31,311
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		$ 12,743	12,812
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		$ 21,167	21,280
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		$ 22,478	22,588
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		$ 23,375	23,552
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		$ 23,292	23,468
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		$ 17,339	17,471
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		$ 27,138	27,317
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		$ 14,803	14,901
Courtyard Richmond, VA [Member]
Debt Instrument [Line Items]
Interest Rate	[1]	3.40%
Loan Assumption or Origination Date		Feb. 12, 2020
Maturity Date		Mar. 11, 2030
Principal Assumed or Originated		$ 14,950
Outstanding Balance		$ 14,950	0
Residence Inn Richmond, VA [Member]
Debt Instrument [Line Items]
Interest Rate	[1]	3.40%
Loan Assumption or Origination Date		Feb. 12, 2020
Maturity Date		Mar. 11, 2030
Principal Assumed or Originated		$ 14,950
Outstanding Balance		$ 14,950	0
Residence Inn Portland, ME [Member]
Debt Instrument [Line Items]
Interest Rate	[1]	3.43%
Loan Assumption or Origination Date		Mar. 2, 2020
Maturity Date		Apr. 1, 2030
Principal Assumed or Originated		$ 33,500
Outstanding Balance		$ 33,500	0
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		27,832	28,092
Total [Member]
Debt Instrument [Line Items]
Principal Assumed or Originated		569,602
Outstanding Balance		500,013	454,967
Unamortized fair value adjustment of assumed debt		2,300	2,526
Unamortized debt issuance costs		(2,116)	(1,920)
Total		$ 500,197	$ 455,573
[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]	Loan was repaid in full in March 2020.

Fair Value of Financial Instr_3

Fair Value of Financial Instruments (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2020	Dec. 31, 2019
Fair Value of Financial Instruments (Details) [Line Items]
Long-term Debt	$ 1,789,281	$ 1,320,407
Long-term Debt, Fair Value	$ 1,600,000	$ 1,300,000
Derivative, Description of Terms	Company pays a fixed rate of interest and receives a floating rate of interest equal to the one-month LIBOR
Unrealized Gain (Loss) on Derivatives	$ (200)
Net unrealized gain (losses) in accumulated other comprehensive income (loss) expected to be reclassified to interest expense within the next 12 months	(9,500)
Not Designated as Hedging Instrument [Member]
Fair Value of Financial Instruments (Details) [Line Items]
Derivative, Notional Amount	$ 110,000

Fair Value of Financial Instr_4

Fair Value of Financial Instruments (Details) - Schedule of Interest Rate Swap Agreements - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2020	Dec. 31, 2019
Not Designated as Hedging Instrument [Member]
Fair Value of Financial Instruments (Details) - Schedule of Interest Rate Swap Agreements [Line Items]
Notional amount	$ 110,000
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 19, 2015
Effective Date	May 21, 2015
Maturity date	May 18, 2020
Swap fixed interest rate	1.58%
Fair value asset (liability)	$ (240)	$ 78
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	$ 50,000
Origination Date	Apr. 7, 2016
Effective Date	Sep. 30, 2016
Maturity date	Mar. 31, 2021
Swap fixed interest rate	1.09%
Fair value asset (liability)	$ (370)	317
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	$ 100,000
Origination Date	Apr. 7, 2016
Effective Date	Sep. 30, 2016
Maturity date	Mar. 31, 2023
Swap fixed interest rate	1.33%
Fair value asset (liability)	$ (3,077)	707
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	$ 75,000
Origination Date	May 31, 2017
Effective Date	Jul. 31, 2017
Maturity date	Jun. 30, 2024
Swap fixed interest rate	1.96%
Fair value asset (liability)	$ (5,085)	(1,286)
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	$ 10,000
Origination Date	Aug. 10, 2017
Effective Date	Aug. 10, 2017
Maturity date	Jun. 30, 2024
Swap fixed interest rate	2.01%
Fair value asset (liability)	$ (697)	(185)
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	$ 50,000
Origination Date	Jun. 1, 2018
Effective Date	Jan. 31, 2019
Maturity date	Jun. 30, 2025
Swap fixed interest rate	2.89%
Fair value asset (liability)	$ (6,506)	(3,407)
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	$ 50,000
Origination Date	Jul. 2, 2019
Effective Date	Jul. 5, 2019
Maturity date	Jul. 18, 2024
Swap fixed interest rate	1.65%
Fair value asset (liability)	$ (2,777)	(193)
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	$ 50,000
Origination Date	Aug. 21, 2019
Effective Date	Aug. 23, 2019
Maturity date	Aug. 18, 2024
Swap fixed interest rate	1.32%
Fair value asset (liability)	$ (2,092)	595
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	$ 50,000
Origination Date	Aug. 21, 2019
Effective Date	Aug. 23, 2019
Maturity date	Aug. 30, 2024
Swap fixed interest rate	1.32%
Fair value asset (liability)	$ (2,094)	603
Interest Rate Swap #10 [Member] | Designated as Hedging Instrument [Member]
Fair Value of Financial Instruments (Details) - Schedule of Interest Rate Swap Agreements [Line Items]
Notional amount	$ 85,000
Origination Date	Dec. 31, 2019
Effective Date	Dec. 31, 2019
Maturity date	Dec. 31, 2029
Swap fixed interest rate	1.86%
Fair value asset (liability)	$ (10,170)	(842)
Interest Rate Swap #11 [Member] | Designated as Hedging Instrument [Member]
Fair Value of Financial Instruments (Details) - Schedule of Interest Rate Swap Agreements [Line Items]
Notional amount	$ 25,000
Origination Date	Dec. 6, 2018
Effective Date	Jan. 31, 2020
Maturity date	Jun. 30, 2025
Swap fixed interest rate	2.75%
Fair value asset (liability)	$ (3,072)	(1,501)
Interest Rate Swap #12 [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	Dec. 7, 2018
Effective Date	May 18, 2020
Maturity date	Jan. 31, 2024
Swap fixed interest rate	2.72%
Fair value asset (liability)	$ (4,481)	(2,139)
Interest Rate Swap #13 [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	Aug. 21, 2019
Effective Date	May 18, 2020
Maturity date	May 18, 2025
Swap fixed interest rate	1.27%
Fair value asset (liability)	$ (3,242)	1,222
Interest Rate Swap #14 [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	Aug. 21, 2019
Effective Date	May 18, 2021
Maturity date	May 18, 2026
Swap fixed interest rate	1.30%
Fair value asset (liability)	$ (2,961)	1,309
Interest Rate Swap #15 [Member] | Not 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
Effective Date	Jul. 2, 2015
Maturity date	May 18, 2020
Swap fixed interest rate	1.62%
Fair value asset (liability)	$ (130)	24
Total [Member]
Fair Value of Financial Instruments (Details) - Schedule of Interest Rate Swap Agreements [Line Items]
Notional amount	1,067,500
Fair value asset (liability)	(46,994)	(4,698)
Total [Member] | Designated as Hedging Instrument [Member]
Fair Value of Financial Instruments (Details) - Schedule of Interest Rate Swap Agreements [Line Items]
Notional amount	957,500
Fair value asset (liability)	$ (46,864)	$ (4,722)

Fair Value of Financial Instr_5

Fair Value of Financial Instruments (Details) - Derivative Instruments, Gain (Loss) Recognized - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Derivative Instruments, Gain (Loss) Recognized [Abstract]
Net Unrealized Gain (Loss) Recognized in Other Comprehensive Income (Loss)	$ (42,267)	$ (4,770)
Net Unrealized Gain (Loss) Reclassified from Accumulated Other Comprehensive Income (Loss) to Interest and Other Expense, net	$ (101)	$ 1,274

Related Parties (Details)

Related Parties (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019	Dec. 31, 2019
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	$ 0.1	$ 0.1
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	(0.3)	$ (0.3)
Due from Related Parties	$ 0.3		$ 0.5

Shareholders' Equity (Details)

Shareholders' Equity (Details) - USD ($) $ / shares in Units, shares in Millions, $ in Millions	1 Months Ended	3 Months Ended		12 Months Ended
	Jan. 31, 2020	Mar. 31, 2020	Mar. 31, 2019	Dec. 31, 2019	May 31, 2020
Annual Distribution [Member]
Shareholders' Equity (Details) [Line Items]
Annual Distribution rate (in Dollars per share)				$ 1.20
Distributions [Member]
Shareholders' Equity (Details) [Line Items]
Common Stock, Dividends, Per Share, Cash Paid (in Dollars per share)		$ 0.30	$ 0.30
Payments of Ordinary Dividends, Common Stock	$ 22.4	$ 67.3	$ 67.2
Share Repurchase Program [Member]
Shareholders' Equity (Details) [Line Items]
Stock Repurchase Program, Authorized Amount					$ 345
Share Repurchase Program, End Date		July 2021
Stock Repurchased and Retired During Period, Shares (in Shares)		1.5	0.3
Stock Repurchased During Period, Weighted Average Market Purchase Price Per Share (in Dollars per share)		$ 9.42	$ 14.93
Stock Repurchased and Retired During Period, Value		$ 14.3	$ 4.1
Stock Repurchase Program, Remaining Authorized Repurchase Amount		$ 345.4

Compensation Plans (Details)

Compensation Plans (Details) - USD ($) $ in Thousands	3 Months Ended		12 Months Ended
	Mar. 31, 2020	Mar. 31, 2019	Dec. 31, 2019
2020 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	$ 1,500
Accrued Bonuses, Current	$ 1,500
Portion of Awards Paid in Cash	25.00%
Portion of Awards Issued in Equity	75.00%
2020 Executive Management Incentive Plan [Member] | Equity Awards Vesting At The End Of 2020 [Member]
Compensation Plans (Details) [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Portion	two-thirds
2020 Executive Management Incentive Plan [Member] | Equity Awards Vesting In December 2021 [Member]
Compensation Plans (Details) [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Portion	one-third
2019 Executive Management Incentive Plan [Member]
Compensation Plans (Details) [Line Items]
Labor and Related Expense		$ 2,200
Share Based Compensation [Member] | 2019 Executive Management Incentive Plan [Member] | Equity Awards Issued in the First Quarter of 2020 [Member]
Compensation Plans (Details) [Line Items]
Accrued Bonuses, Share Based Compensation, Current			$ 7,500
Share-based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Amount			1,200
Share-based Payment Arrangement, Expense	$ 300
Potential Aggregate Payout [Member] | 2020 Executive Management Incentive Plan [Member] | Minimum [Member]
Compensation Plans (Details) [Line Items]
Labor and Related Expense	0
Voluntary Reduction	0
Potential Aggregate Payout [Member] | 2020 Executive Management Incentive Plan [Member] | Maximum [Member]
Compensation Plans (Details) [Line Items]
Labor and Related Expense	13,900
Voluntary Reduction	$ 5,200
One-Time Payment Under Separation Agreement [Member]
Compensation Plans (Details) [Line Items]
Number of Separation Agreements	2
One-Time Payment Under Separation Agreement [Member] | Retirement of Executive Vice President and Chief Operating Officer [Member]
Compensation Plans (Details) [Line Items]
Labor and Related Expense	$ 1,250
Other Employee-related Liabilities, Current	1,250
One-Time Payment Under Separation Agreement [Member] | Retirement of Executive Vice President and Chief Financial Officer [Member]
Compensation Plans (Details) [Line Items]
Labor and Related Expense	1,250
Other Employee-related Liabilities, Current	1,250
One-Time Payment Under Separation Agreement [Member] | Retirements of Executive Vice President and Chief Operating Officer; and Executive Vice President and Chief Financial Officer [Member]
Compensation Plans (Details) [Line Items]
Labor and Related Expense	2,500
Other Employee-related Liabilities, Current	$ 2,500
One-Time Payment Under Separation Agreement [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		$ 50	$ 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		3 Months Ended
		Mar. 31, 2020	Mar. 31, 2019
2019 Executive Management Incentive Plan [Member] | Equity Awards Issued in the First Quarter of 2020 [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Period common shares issued		First Quarter 2020
Common shares earned under each incentive plan		665,552
Common shares surrendered on issuance date to satisfy tax withholding obligations		60,616
Common shares earned and issued under each incentive plan, net of common shares surrendered on issuance date to satisfy tax withholding obligations		604,936
Closing stock price on issuance date (in Dollars per share)		$ 13.01
Total share-based compensation earned, including the surrendered shares (in millions) (in Dollars)	[1]	$ 8.7
Of the total common shares earned and issued, total common shares unrestricted at time of issuance		426,553
Of the total common shares earned and issued, total common shares restricted at time of issuance		178,383
Restricted common shares vesting date		Dec. 11, 2020
Common shares surrendered on vesting date to satisfy tax withholding requirements resulting from vesting of restricted common shares
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)	[2]		$ 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			5,502
[1]	Of the total 2019 share-based compensation, approximately $7.5 million was recorded as a liability as of December 31, 2019 and is included in accounts payable and other liabilities in the Company's consolidated balance sheet at December 31, 2019. The remaining $1.2 million, which is subject to vesting on December 11, 2020 and excludes any restricted shares forfeited or vested prior to that date, will be recognized as share-based compensation expense proportionately throughout 2020. For the three months ended March 31, 2020, the Company recognized approximately $0.3 million of share-based compensation expense related to restricted share awards.
[2]	Of the total 2018 share-based compensation, approximately $0.2 million, which vested on December 13, 2019, was recognized as share-based compensation expense proportionately throughout 2019. For the three months ended March 31, 2019, the Company recognized approximately $0.05 million of share-based compensation expense related to restricted share awards.

Subsequent Events (Details)

Subsequent Events (Details) - Subsequent Event [Member] - USD ($) $ in Millions	Apr. 30, 2020	May 31, 2020
Hampton and Home2 Suites Cape Canaveral, FL [Member] | Hotels Under Purchase Contract [Member]
Subsequent Events (Details) [Line Items]
Aggregate Number of Hotel Rooms	224
Purchase Contract Gross Purchase Price	$ 46.7
Payments to Acquire Real Estate	$ 25
Debt Instrument, Term	1 year
Debt Instrument, Face Amount	$ 21.7
Debt Instrument, Description of Variable Rate Basis	one-month LIBOR
Courtyard Denver, CO [Member]
Subsequent Events (Details) [Line Items]
Payments for (Proceeds from) Deposits on Real Estate Acquisitions		$ (0.6)
Variable Interest Rate for the First Six Months of Loan [Member] | London Interbank Offered Rate (LIBOR) [Member] | Hampton and Home2 Suites Cape Canaveral, FL [Member] | Hotels Under Purchase Contract [Member]
Subsequent Events (Details) [Line Items]
Debt Instrument, Basis Spread on Variable Rate	2.00%
Variable Interest Rate for the Last Six Months of Loan [Member] | London Interbank Offered Rate (LIBOR) [Member] | Hampton and Home2 Suites Cape Canaveral, FL [Member] | Hotels Under Purchase Contract [Member]
Subsequent Events (Details) [Line Items]
Debt Instrument, Basis Spread on Variable Rate	3.00%