RLJ Lodging Trust (RLJ) 10-Q 9 Aug 18 2018 Q2 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	6 Months Ended
	Jun. 30, 2018	Aug. 01, 2018
Document and Entity Information
Entity Registrant Name	RLJ Lodging Trust
Entity Central Index Key	1,511,337
Current Fiscal Year End Date	--12-31
Entity Filer Category	Large Accelerated Filer
Document Type	10-Q
Document Period End Date	Jun. 30, 2018
Document Fiscal Year Focus	2,018
Document Fiscal Period Focus	Q2
Amendment Flag	false
Entity Common Stock, Shares Outstanding		175,307,476
Entity Current Reporting Status	Yes

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Thousands	Jun. 30, 2018	Dec. 31, 2017
Assets
Investment in hotel properties, net	$ 5,534,069	$ 5,791,925
Investments in and Advance to Affiliates, Subsidiaries, Associates, and Joint Ventures	23,488	23,885
Cash and cash equivalents	382,455	586,470
Restricted cash reserves	78,222	72,606
Hotel and other receivables, net of allowance of $649 and $510, respectively	73,617	60,011
Deferred income tax asset, net	55,632	56,761
Intangible Assets, Net (Excluding Goodwill)	125,453	133,211
Prepaid expense and other assets	74,870	69,936
Disposal Group, Including Discontinued Operation, Assets, Current	99,415	0
Total assets	6,447,221	6,794,805
Liabilities and Equity
Debt, net	2,569,066	2,880,488
Accounts payable and other liabilities	208,336	225,664
Deferred income tax liability	5,547	5,547
Advance deposits and deferred revenue	31,725	30,463
Accrued interest	8,126	17,081
Distributions payable	65,852	65,284
Total liabilities	2,888,652	3,224,527
Commitments and Contingencies (Note 12)
Shareholders’ equity:
Preferred shares of beneficial interest, $0.01 par value, 50,000,000 shares authorized	366,936	366,936
Common shares of beneficial interest, $0.01 par value, 450,000,000 shares authorized; 175,278,298 and 174,869,046 shares issued and outstanding at June 30, 2018 and December 31, 2017, respectively	1,753	1,749
Additional paid-in capital	3,213,049	3,208,002
Accumulated other comprehensive income	33,639	8,846
Retained Earnings	(123,808)	(82,566)
Total shareholders’ equity	3,491,569	3,502,967
Noncontrolling interest:
Noncontrolling interest in consolidated joint ventures	11,595	11,700
Noncontrolling interest in the Operating Partnership	10,975	11,181
Total noncontrolling interest	22,570	22,881
Limited Liability Company (LLC) Preferred Unit, Issuance Value	44,430	44,430
Total equity	3,558,569	3,570,278
Total liabilities and equity	$ 6,447,221	$ 6,794,805

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Jun. 30, 2018	Dec. 31, 2017
Hotel and other receivables, allowance	$ 649	$ 510
Preferred shares of beneficial interest, par value (in dollars per share)	$ 0.01	$ 0.01
Preferred shares of beneficial interest, shares authorized	50,000,000	50,000,000
Preferred shares of beneficial interest, shares issued	0	0
Preferred shares of beneficial interest, shares outstanding	0	0
Preferred Stock, Liquidation Preference, Value	$ 328,266	$ 328,266
Common shares of beneficial interest, par value (in dollars per share)	$ 0.01	$ 0.01
Common shares of beneficial interest, shares authorized	450,000,000	450,000,000
Common shares of beneficial interest, shares issued	175,278,298	174,869,046
Common shares of beneficial interest, shares outstanding	175,278,298	174,869,046
Limited Liability Company (LLC) Preferred Unit, Liquidation Value	$ 45,487	$ 45,430
Series A Cumulative Preferred Stock [Member]
Preferred shares of beneficial interest, par value (in dollars per share)	$ 0.01	$ 0.01
Preferred shares of beneficial interest, shares authorized	12,950,000	12,950,000
Preferred shares of beneficial interest, shares issued	12,879,475	12,879,475
Preferred shares of beneficial interest, shares outstanding	12,879,475	12,879,475

Consolidated Statements of Oper

Consolidated Statements of Operations and Comprehensive Income - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017
Income Statement [Abstract]
Preferred Stock Dividends and Other Adjustments	$ (370)	$ 0	$ (735)	$ 0
Net Income (Loss) Attributable to Parent	63,714	42,246	87,403	64,004
Preferred Stock Dividends, Income Statement Impact	(6,279)	0	(12,557)	0
Operating revenue
Room revenue	403,232	253,739	760,877	478,704
Food and beverage revenue	58,444	29,121	110,639	55,812
Other revenue	23,015	9,424	42,769	18,000
Total revenue	484,691	292,284	914,285	552,516
Operating expense
Room expense	94,459	55,221	184,428	107,143
Food and beverage expense	42,406	20,101	83,669	39,398
Management and franchise fee expense	37,252	29,626	72,928	56,539
Other operating expense	108,556	59,058	214,679	116,880
Total property operating expense	282,673	164,006	555,704	319,960
Depreciation and amortization	61,648	38,240	123,056	76,905
Impairment of Real Estate	0	0	0	0
Property tax, insurance and other	35,537	18,152	70,036	37,310
General and administrative	15,523	10,129	26,436	19,252
Transaction costs	247	3,691	1,920	4,316
Total operating expense	395,628	234,218	777,152	457,743
Operating income	89,063	58,066	137,133	94,773
Other Nonoperating Income (Expense)	565	73	1,657	214
Interest income	960	664	2,190	1,149
Interest expense	(25,443)	(14,548)	(54,144)	(28,877)
Gain (Loss) on Extinguishment of Debt	7	0	7,666	0
Income before equity in income from unconsolidated joint ventures	65,152	44,255	94,502	67,259
Income (Loss) from Equity Method Investments	799	0	418	0
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest	65,951	44,255	94,920	67,259
Income tax expense	(2,354)	(1,821)	(3,696)	(2,987)
Income from operations	63,597	42,434	91,224	64,272
Gain (loss) on sale of hotel properties	796	30	(2,938)	(30)
Net income	64,393	42,464	88,286	64,242
Net (income) loss attributable to noncontrolling interests:
Noncontrolling interest in consolidated joint ventures	(55)	(29)	179	37
Noncontrolling interest in the Operating Partnership	(254)	(189)	(327)	(275)
Net income attributable to common shareholders	$ 57,435	$ 42,246	$ 74,846	$ 64,004
Basic per common share data:
Net income per share attributable to common shareholders (in dollars per share)	$ 0.33	$ 0.34	$ 0.43	$ 0.51
Weighted-average number of common shares (in shares)	174,238,854	123,785,735	174,216,387	123,760,096
Diluted per common share data:
Net income per share attributable to common shareholders (in dollars per share)	$ 0.33	$ 0.34	$ 0.43	$ 0.51
Weighted-average number of common shares (in shares)	174,364,547	123,871,762	174,316,348	123,856,388
Dividends declared per common share	$ 0.33	$ 0.33	$ 0.66	$ 0.66
Comprehensive income:
Unrealized gain (loss) on interest rate derivatives	$ 6,936	$ (1,715)	$ 24,793	$ 3,833
Comprehensive income	71,329	40,749	113,079	68,075
Noncontrolling interest in consolidated joint ventures	(55)	(29)	179	37
Noncontrolling interest in the Operating Partnership	(254)	(189)	(327)	(275)
Comprehensive income attributable to RLJ	$ 70,650	$ 40,531	$ 112,196	$ 67,837

Consolidated Statements of Chan

Consolidated Statements of Changes in Equity - USD ($) $ in Thousands	Total	Common Stock [Member]	Additional Paid-in-Capital	Retained Earnings [Member]	Retained Earnings (Distributions in excess of net earnings)	Accumulated Other Comprehensive Income	Consolidated Joint Venture [Member]	Operating Partnership	Consolidated Joint Venture	Preferred Capital in Consolidated Joint Venture [Member]	Series A Cumulative Preferred Stock [Member]
Net Income (Loss) Attributable to Parent	$ 64,004
Net income attributable to RLJ	64,004
Balance (in shares) at Dec. 31, 2016		124,364,178
Balance at Dec. 31, 2016	2,235,277	$ 1,244	$ 2,187,333		$ 38,249	$ (4,902)		$ 7,380	$ 5,973
Increase (Decrease) in Owners' Equity
Net income (loss)	64,242				64,004			275	(37)
Unrealized gain on interest rate derivatives	3,833					3,833
Issuance of restricted stock (in shares)		333,836
Issuance of restricted stock	0	$ 3	(3)
Amortization of share-based compensation	5,469		5,469
Shares acquired to satisfy minimum required federal and state tax withholding on vesting restricted stock (in shares)		(53,284)
Shares acquired to satisfy minimum required federal and state tax withholding on vesting restricted stock	(1,139)	$ (1)	(1,138)
Forfeiture of restricted stock (in shares)		(4,791)
Forfeiture of restricted stock	0	$ 0	0
Distributions on common shares and units	(82,948)				(82,579)			(369)
Balance (in shares) at Jun. 30, 2017		124,639,939
Balance at Jun. 30, 2017	2,224,734	$ 1,246	2,191,661		19,674	(1,069)		7,286	5,936
Increase (Decrease) in Owners' Equity
Preferred Stock Dividends and Other Adjustments	0
Preferred Stock, Value, Issued	366,936
Net Income (Loss) Attributable to Parent	87,403
Net income attributable to RLJ	74,846
Balance (in shares) at Dec. 31, 2017		174,869,046									12,879,475
Balance at Dec. 31, 2017	3,570,278	$ 1,749	3,208,002		(82,566)	8,846		11,181	11,700	$ 44,430	$ 366,936
Increase (Decrease) in Owners' Equity
Net income (loss)	88,286							327	(179)	735
Unrealized gain on interest rate derivatives	24,793					24,793
Contributions from a noncontrolling interest	74						$ 74
Issuance of restricted stock (in shares)		458,207
Issuance of restricted stock	0	$ 5	(5)
Amortization of share-based compensation	6,050		6,050
Shares acquired to satisfy minimum required federal and state tax withholding on vesting restricted stock (in shares)		(45,472)
Shares acquired to satisfy minimum required federal and state tax withholding on vesting restricted stock	(999)	$ (1)	(998)
Forfeiture of restricted stock (in shares)		(3,483)
Forfeiture of restricted stock	0	$ 0	0
Dividends	(12,557)			$ (12,557)
Distributions on common shares and units	(116,621)				(116,088)			(533)
Balance (in shares) at Jun. 30, 2018		175,278,298									12,879,475
Balance at Jun. 30, 2018	3,558,569	$ 1,753	$ 3,213,049		$ (123,808)	$ 33,639		$ 10,975	$ 11,595	44,430	$ 366,936
Increase (Decrease) in Owners' Equity
Preferred Stock Dividends and Other Adjustments	(735)									$ (735)
Preferred Stock, Value, Issued	$ 366,936

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017
Cash flows from operating activities
Net income	$ 88,286	$ 64,242
Adjustments to reconcile net income to cash flow provided by operating activities:
Loss on sale of hotel properties	2,938	30
Gain (Loss) on Extinguishment of Debt	(7,666)	0
Depreciation and amortization	123,056	76,905
Amortization of deferred financing costs	1,808	1,704
Amortization of Debt Discount (Premium)	(1,857)	375
Income (Loss) from Equity Method Investments	(418)	0
Proceeds from Equity Method Investment, Distribution	814	0
Accretion of interest income on investment in loan	0	(460)
Impairment of Real Estate	0	0
Amortization of share-based compensation	5,686	5,469
Deferred income taxes	2,929	2,261
Changes in assets and liabilities:
Hotel and other receivables, net	(13,606)	(8,390)
Prepaid expense and other assets	16,884	(1,466)
Accounts payable and other liabilities	(15,385)	1,852
Advance deposits and deferred revenue	1,262	(1,483)
Accrued interest	(8,955)	474
Net cash flow provided by operating activities	195,776	141,513
Cash flows from investing activities
Proceeds from the sale of hotel properties, net	117,117	(30)
Improvements and additions to hotel properties	(85,045)	(39,186)
Additions to property and equipment	(30)	(64)
Net cash flow provided by (used in) investing activities	32,042	(39,280)
Cash flows from financing activities
Borrowings under Revolver	300,000	0
Repayments under Revolver	(50,000)	0
Repayments of Senior Notes	(539,021)	0
Payments of mortgage loans principal	(3,312)	(1,801)
Repurchase of common shares to satisfy employee withholding requirements	(998)	(1,139)
Payments of Ordinary Dividends, Preferred Stock and Preference Stock	(12,557)	0
Distributions on common shares	(115,525)	(82,161)
Distributions on Operating Partnership units	(524)	(360)
Payments of deferred financing costs	(3,615)	(74)
Payments of Distributions to Affiliates	(739)	0
Cash received from a noncontrolling interest	74	0
Net cash flow used in financing activities	(426,217)	(85,535)
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Excluding Exchange Rate Effect	(198,399)	16,698
Cash, cash equivalents, and restricted cash reserves, end of period	382,455	479,879
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents	$ 460,677	$ 540,576

Organization

Organization	6 Months Ended
	Jun. 30, 2018
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Organization	Organization RLJ Lodging Trust (the "Company") was formed as a Maryland real estate investment trust ("REIT") on January 31, 2011. The Company is a self-advised and self-administered REIT that owns primarily premium-branded, high-margin, focused-service and compact full-service hotels. The Company elected to be taxed as a REIT, for U.S. federal income tax purposes, commencing with its taxable year ended December 31, 2011. Substantially all of the Company’s assets and liabilities are held by, and all of its operations are conducted through, RLJ Lodging Trust, L.P. (the "Operating Partnership"). The Company is the sole general partner of the Operating Partnership. As of June 30, 2018 , there were 176,052,200 units of limited partnership interest in the Operating Partnership ("OP units") outstanding and the Company owned, through a combination of direct and indirect interests, 99.6% of the outstanding OP units. As of June 30, 2018 , the Company owned 156 hotel properties with approximately 30,400 rooms, located in 26 states and the District of Columbia. The Company, through wholly-owned subsidiaries, owned a 100% interest in 152 of its hotel properties, a 98.3% controlling interest in the DoubleTree Metropolitan Hotel New York City, a 95% controlling interest in The Knickerbocker, and 50% interests in entities owning two hotel properties. The Company consolidates its real estate interests in the 154 hotel properties in which it holds a controlling financial interest, and the Company records the real estate interests in the two hotels in which it holds an indirect 50% interest using the equity method of accounting. The Company leases 155 of the 156 hotel properties to its taxable REIT subsidiaries ("TRS"), of which the Company owns a controlling financial interest.

Summary of Significant Accounti

Summary of Significant Accounting Policies	6 Months Ended
	Jun. 30, 2018
Accounting Policies [Abstract]
Summary of Significant Accounting Policies	Summary of Significant Accounting Policies The Company's Annual Report on Form 10-K for the year ended December 31, 2017 contains a discussion of the Company's significant accounting policies. Other than noted below, there have been no other significant changes to the Company's significant accounting policies since December 31, 2017 . Basis of Presentation and Principles of Consolidation The unaudited consolidated financial statements and related notes have been prepared on the accrual basis of accounting in accordance with accounting principles generally accepted in the United States of America ("GAAP") and in conformity with the rules and regulations of the Securities and Exchange Commission ("SEC") applicable to financial information. The unaudited financial statements include all adjustments that are necessary, in the opinion of management, to fairly state the consolidated balance sheets, statements of operations and comprehensive income, statements of changes in equity and statements of cash flows. The unaudited consolidated financial statements should be read in conjunction with the consolidated financial statements and notes thereto as of and for the year ended December 31, 2017 , included in the Company's Annual Report on Form 10-K filed with the SEC on February 28, 2018. The consolidated financial statements include the accounts of the Company, the Operating Partnership and its wholly-owned subsidiaries, and joint ventures in which the Company has a majority voting interest and control. For the controlled subsidiaries that are not wholly-owned, the third-party ownership interest represents a noncontrolling interest, which is presented separately in the consolidated financial statements. The Company also records the real estate interests in two joint ventures in which it holds an indirect 50% interest using the equity method of accounting. All intercompany balances and transactions have been eliminated in consolidation. Reclassifications Certain prior year amounts in these financial statements have been reclassified to conform to the current year presentation with no impact to net income and comprehensive income, shareholders’ equity or cash flows. Use of Estimates The preparation of the Company’s financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of certain assets and liabilities and the amounts of contingent assets and liabilities at the balance sheet date and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. Revenue In May 2014, the Financial Accounting Standards Board ("FASB") issued Accounting Standards Update ("ASU") 2014-09, Revenue from Contracts with Customers , which supersedes or replaces nearly all GAAP revenue recognition guidance. The guidance establishes a new control-based revenue recognition model that changes the basis for deciding when revenue is recognized over time or at a point in time and expands the disclosures about revenue. The guidance also applies to sales of real estate and the new principles-based approach is largely based on the transfer of control of the real estate to the buyer. The Company adopted this standard on January 1, 2018 using the modified retrospective transition method. Accordingly, the Company's revenue beginning on January 1, 2018 is presented under ASC 606, while prior period revenue is reported under the accounting standards in effect for those historical periods. Based on the Company's assessment, the adoption of this standard did not have an impact to the Company's consolidated financial statements but it did result in additional disclosures in the notes to the consolidated financial statements. Refer to Note 7, Revenue , for the Company's disclosures about revenue. Substantially all of the Company's revenue is derived from the operation of hotel properties. The Company generates room revenue by renting hotel rooms to customers at its hotel properties. The Company generates food and beverage revenue from the sale of food and beverage to customers at its hotel properties. The Company generates other revenue from parking fees, golf, pool and other resort fees, gift shop sales and other guest service fees at its hotel properties. A performance obligation is a promise in a contract to transfer a distinct good or service to the customer. A contract's transaction price is allocated to each distinct performance obligation and recognized as revenue when the performance obligation is satisfied. The Company's contracts generally have a single performance obligation, such as renting a hotel room to a customer, or providing food and beverage to a customer, or providing a hotel property-related good or service to a customer. The Company's performance obligations are generally satisfied at a point in time. The Company allocates revenue to each performance obligation based on its relative standalone selling price. The Company determines the standalone selling price based on the price it charges each customer for the use or consumption of the promised good or service. The Company's revenue is recognized when control of the promised good or service is transferred to the customer, in an amount that reflects the consideration the Company expects to receive in exchange for the promised good or service. The revenue is recorded net of any sales and occupancy taxes collected from the customer. All rebates or discounts are recorded as a reduction to revenue, and there are no material contingent obligations with respect to rebates and discounts offered by the hotel properties. The timing of revenue recognition, billings, and cash collections results in the Company recognizing hotel and other receivables and advance deposits and deferred revenue on the consolidated balance sheet. Hotel and other receivables are recognized when the Company has provided a good or service to the customer but is only waiting for the passage of time before the customer submits consideration to the Company. Advance deposits and deferred revenue are recognized on the consolidated balance sheets when cash payments are received in advance of the Company satisfying its performance obligation. Advance deposits and deferred revenue consist of amounts that are refundable and non-refundable to the customer. The advance deposits and deferred revenue are recognized as revenue in the consolidated statements of operations and comprehensive income when the Company satisfies its performance obligation to the customer. For the majority of its goods or services and customers, the Company requires payment at the time the respective good or service is provided to the customer. The Company's payment terms vary by the type of customer and the goods or services offered to the customer. The Company applied a practical expedient to not disclose the value of unsatisfied performance obligations for contracts that have an original expected length of one year or less. Any contracts that have an original expected length of greater than one year are insignificant. An allowance for doubtful accounts is the Company's best estimate of the amount of probable credit losses in the existing accounts receivable portfolio and increases to the allowance for doubtful accounts are recorded as bad debt expense. The allowance for doubtful accounts is calculated as a percentage of the aged accounts receivable. Investment in Hotel Properties The Company’s acquisitions generally consist of land, land improvements, buildings, building improvements, furniture, fixtures and equipment ("FF&E"), and inventory. The Company may also acquire intangible assets or liabilities related to in-place leases, management agreements, franchise agreements and advanced bookings. The Company allocates the purchase price among the assets acquired and the liabilities assumed based on their respective fair values at the date of acquisition. The Company determines the fair value by using market data and independent appraisals available to us and making numerous estimates and assumptions. Transaction costs are expensed for acquisitions that are considered business combinations and capitalized for asset acquisitions. In January 2017, the FASB issued ASU 2017-01, Business Combinations (Topic 805): Clarifying the Definition of a Business . The guidance clarifies the definition of a business by adding guidance to assist companies and other reporting organizations with evaluating whether transactions should be accounted for as acquisitions (or disposals) of assets or businesses. If substantially all of the fair value of the gross assets acquired (or disposed of) is concentrated in a single asset or a group of similar identifiable asset(s), then the transaction is considered to be an asset acquisition (or disposition). As a result of this standard, the Company anticipates the majority of its hotel purchases will be considered asset acquisitions as opposed to business combinations, although the determination will be made on a transaction-by-transaction basis. Transaction costs associated with asset acquisitions will be capitalized rather than expensed as incurred. The Company adopted this guidance on January 1, 2018 on a prospective basis. The Company does not believe the accounting for each future acquisition (or disposal) of assets or a business will be materially different, therefore, the adoption of this guidance is not expected to have a material impact on the Company's consolidated financial statements. The Company’s investments in hotel properties are carried at cost and are depreciated using the straight-line method over the estimated useful lives of 15 years for land improvements, 15 years for building improvements, 40 years for buildings and three to five years for FF&E. Maintenance and repairs are expensed and major renewals or improvements to the hotel properties are capitalized. Indirect project costs, including interest, salaries and benefits, travel and other related costs that are directly attributable to the development, are also capitalized. Upon the sale or disposition of a hotel property, the asset and related accumulated depreciation accounts are removed and the related gain or loss is included in the gain or loss on sale of hotel properties in the consolidated statements of operations and comprehensive income. A sale or disposition of a hotel property that represents a strategic shift that has or will have a major effect on the Company's operations and financial results is presented as discontinued operations in the consolidated statements of operations and comprehensive income. In accordance with the guidance on impairment or disposal of long-lived assets, the Company does not consider the "held for sale" classification on the consolidated balance sheet until it is probable that the sale will be completed within one year and the other requisite criteria for such classification have been met. The Company does not depreciate assets so long as they are classified as held for sale. Upon designation as held for sale and quarterly thereafter, the Company reviews the realizability of the carrying value, less costs to sell, in accordance with the guidance. Any such adjustment to the carrying value is recorded as an impairment loss. The Company assesses the carrying value of its hotel properties whenever events or changes in circumstances indicate that the carrying amounts may not be recoverable. The recoverability is measured by comparing the carrying amount to the estimated future undiscounted cash flows which take into account current market conditions and the Company’s intent with respect to holding or disposing of the hotel properties. If the Company’s analysis indicates that the carrying value is not recoverable on an undiscounted cash flow basis, the Company will recognize an impairment loss for the amount by which the carrying value exceeds the fair value. The fair value is determined through various valuation techniques, including internally developed discounted cash flow models, comparable market transactions or third-party appraisals. Sale of Real Estate ASU 2014-09 also applies to the sale of real estate and the new principles-based approach is largely based on the transfer of control of the real estate to the buyer. In February 2017, the FASB issued ASU 2017-05, Other Income - Gains and Losses from the Derecognition of Nonfinancial Assets (Subtopic 610-20): Clarifying the Scope of Asset Derecognition Guidance and Accounting for Partial Sales of Nonfinancial Assets . This guidance clarifies that ASC 610-20 applies to the derecognition of nonfinancial assets, including real estate, and in substance nonfinancial assets, which are defined as assets or a group of assets for which substantially all of the fair value consists of nonfinancial assets and the group or subsidiary is not a business. As a result of this guidance, sales and partial sales of real estate assets will be accounted for similar to all other sales of nonfinancial and in substance nonfinancial assets. The Company adopted this guidance on January 1, 2018 using the modified retrospective transition method. Based on the Company's assessment, the adoption of this guidance did not have an impact on the Company's consolidated financial statements. Recently Issued Accounting Pronouncements In February 2016, the FASB issued ASU 2016-02, Leases (Topic 842) . The guidance will require lessees to recognize a right-of-use asset and a lease liability for most of their leases on the balance sheet, and an entity will need to classify its leases as either an operating or finance lease in order to determine the income statement presentation. Leases with a term of 12 months or less will be accounted for similar to the existing guidance today for operating leases. Lessors will classify their leases using an approach that is substantially equivalent to the existing guidance today for operating, direct financing, or sales-type leases. Lessors may only capitalize the incremental direct costs of leasing, so any indirect costs of leasing will be expensed as incurred. The guidance requires an entity to separate the lease components from the non-lease components in a contract, with the lease components being accounted for in accordance with ASC 842 and the non-lease components being accounted for in accordance with other applicable accounting guidance. The guidance is effective for annual reporting periods beginning after December 15, 2018, and the interim periods within those annual periods, with early adoption permitted. The Company will adopt this new standard on January 1, 2019. The Company has not yet completed its analysis on this standard, but it believes the application of the new standard will result in the recording of a right-of-use asset and a lease liability on the consolidated balance sheet for each of its ground leases and equipment leases, which represent the majority of the Company's current operating lease payments. The Company does not expect the adoption of this standard will materially affect its consolidated statements of operations and comprehensive income. In August 2017, the FASB issued ASU 2017-12, Derivatives and Hedging (Topic 815): Targeted Improvements to Accounting for Hedging Activities . The guidance amends the hedge accounting recognition and presentation requirements in ASC 815. The guidance is meant to simplify the application of hedge accounting and better align the financial reporting for hedging activities with the entity's economic and risk management activities. Under the new guidance, all changes in the fair value of highly effective cash flow hedges will be recorded in other comprehensive income and they will be reclassified to earnings when the hedged item impacts earnings. The guidance is effective for annual reporting periods beginning after December 15, 2018, and the interim periods within those annual periods, with early adoption permitted. The Company will adopt this new standard on January 1, 2019. Based on the Company's assessment, the adoption of this standard is not expected to have a material impact on the Company's consolidated financial statements.

Merger with FelCor Lodging Trus

Merger with FelCor Lodging Trust Incorporated (Notes)	6 Months Ended
	Jun. 30, 2018
Business Combinations [Abstract]
Business Combination Disclosure [Text Block]	Merger with FelCor Lodging Trust Incorporated On August 31, 2017 (the "Acquisition Date"), the Company, the Operating Partnership, Rangers Sub I, LLC, a wholly owned subsidiary of the Operating Partnership ("Rangers"), and Rangers Sub II, LP, a wholly owned subsidiary of the Operating Partnership ("Partnership Merger Sub"), consummated the transactions contemplated by the Agreement and Plan of Merger (the "Merger Agreement"), dated as of April 23, 2017, with FelCor Lodging Trust Incorporated ("FelCor") and FelCor Lodging Limited Partnership ("FelCor LP") pursuant to which Partnership Merger Sub merged with and into FelCor LP, with FelCor LP surviving as a wholly owned subsidiary of the Operating Partnership (the "Partnership Merger"), and, immediately thereafter, FelCor merged with and into Rangers, with Rangers surviving as a wholly owned subsidiary of the Operating Partnership (the "REIT Merger" and, together with the Partnership Merger, the "Mergers"). Upon completion of the REIT Merger and under the terms of the Merger Agreement, each issued and outstanding share of common stock, par value $0.01 per share, of FelCor (other than shares held by any wholly owned subsidiary of FelCor or by the Company or any of its subsidiaries) was converted into the right to receive 0.362 (the "Common Exchange Ratio") common shares of beneficial interest, par value $0.01 per share, of the Company (the "Common Shares"), and each issued and outstanding share of $1.95 Series A cumulative convertible preferred stock, par value $0.01 per share, of FelCor was converted into the right to receive one $1.95 Series A Cumulative Convertible Preferred Share, par value $0.01 per share, of the Company (a "Series A Preferred Share"). Upon completion of the Partnership Merger and under the terms of the Merger Agreement, each limited partner of FelCor LP was entitled to elect to exchange its outstanding common limited partnership units in FelCor LP (the "FelCor LP Common Units") for a number of newly issued Common Shares based on the Common Exchange Ratio. Upon completion of the Partnership Merger, each outstanding FelCor LP Common Unit of any holder who did not make the foregoing election was converted into the right to receive a number of common limited partnership units in the Operating Partnership (the "OP Units") based on the Common Exchange Ratio. No fractional shares of units of Common Shares or OP Units were issued in the Mergers, and the value of any fractional interests was paid in cash. The Company accounted for the Mergers under the acquisition method of accounting in ASC 805, Business Combinations. As a result of the Mergers, the Company acquired an ownership interest in the following 37 hotel properties: Hotel Property Name Location Ownership Interest Management Rooms DoubleTree Suites by Hilton Austin Austin, TX 100% Hilton 188 DoubleTree Suites by Hilton Orlando - Lake Buena Vista Orlando, FL 100% Hilton 229 Embassy Suites Atlanta - Buckhead Atlanta, GA 100% Hilton 316 Embassy Suites Birmingham Birmingham, AL 100% Hilton 242 Embassy Suites Boston Marlborough (1) Marlborough, MA 100% Hilton 229 Embassy Suites Dallas - Love Field Dallas, TX 100% Aimbridge Hospitality 248 Embassy Suites Deerfield Beach - Resort & Spa Deerfield Beach, FL 100% Hilton 244 Embassy Suites Fort Lauderdale 17th Street Fort Lauderdale, FL 100% Hilton 361 Embassy Suites Los Angeles - International Airport South El Segundo, CA 100% Hilton 349 Embassy Suites Mandalay Beach - Hotel & Resort Oxnard, CA 100% Hilton 250 Embassy Suites Miami - International Airport Miami, FL 100% Hilton 318 Embassy Suites Milpitas Silicon Valley Milpitas, CA 100% Hilton 266 Embassy Suites Minneapolis - Airport Bloomington, MN 100% Hilton 310 Embassy Suites Myrtle Beach - Oceanfront Resort Myrtle Beach, SC 100% Hilton 255 Embassy Suites Napa Valley (2) Napa, CA 100% Hilton 205 Embassy Suites Orlando - International Drive South/Convention Center Orlando, FL 100% Hilton 244 Embassy Suites Phoenix - Biltmore Phoenix, AZ 100% Hilton 232 Embassy Suites San Francisco Airport - South San Francisco San Francisco, CA 100% Hilton 312 Embassy Suites San Francisco Airport - Waterfront Burlingame, CA 100% Hilton 340 Embassy Suites Secaucus - Meadowlands (3) Secaucus, NJ 50% Hilton 261 Hilton Myrtle Beach Resort Myrtle Beach, SC 100% Hilton 385 Holiday Inn San Francisco - Fisherman's Wharf San Francisco, CA 100% InterContinental Hotels 585 San Francisco Marriott Union Square San Francisco, CA 100% Marriott 400 Sheraton Burlington Hotel & Conference Center (4) Burlington, VT 100% Marriott 309 Sheraton Philadelphia Society Hill Hotel (5) Philadelphia, PA 100% Marriott 364 The Fairmont Copley Plaza (6) Boston, MA 100% FRHI Hotels & Resorts 383 The Knickerbocker New York New York, NY 95% Highgate Hotels 330 The Mills House Wyndham Grand Hotel Charleston, SC 100% Wyndham 216 The Vinoy Renaissance St. Petersburg Resort & Golf Club St. Petersburg, FL 100% Marriott 361 Wyndham Boston Beacon Hill Boston, MA 100% Wyndham 304 Wyndham Houston - Medical Center Hotel & Suites Houston, TX 100% Wyndham 287 Wyndham New Orleans - French Quarter New Orleans, LA 100% Wyndham 374 Wyndham Philadelphia Historic District Philadelphia, PA 100% Wyndham 364 Wyndham Pittsburgh University Center Pittsburgh, PA 100% Wyndham 251 Wyndham San Diego Bayside San Diego, CA 100% Wyndham 600 Wyndham Santa Monica At The Pier Santa Monica, CA 100% Wyndham 132 Chateau LeMoyne - French Quarter, New Orleans (7) New Orleans, LA 50% InterContinental Hotels 171 11,215 (1) In February 2018, the Company sold this hotel property for a sale price of $23.7 million . (2) In July 2018, the Company sold this hotel property. (3) The Company owns an indirect 50% ownership interest in the real estate at this hotel property and records the real estate interests using the equity method of accounting. The Company leases the hotel property to its TRS, of which the Company owns a controlling financial interest in the operating lessee, so the Company consolidates its ownership interest in the leased hotel. (4) In December 2017, this hotel property was converted to the DoubleTree by Hilton Burlington Vermont. (5) In March 2018, the Company sold this hotel property for a sale price of $95.5 million . (6) In December 2017, the Company sold this hotel property for a sale price of $170.0 million . (7) The Company owns an indirect 50% ownership interest in this hotel property and accounts for its ownership interest using the equity method of accounting. This hotel property is operated without a lease. The total consideration for the Mergers was approximately $1.4 billion , which included the Company's issuance of approximately 50.4 million common shares at $20.18 per share to former FelCor common stockholders, the Company's issuance of approximately 12.9 million Series A Preferred Shares at $28.49 per share to former FelCor preferred stockholders, the Operating Partnership's issuance of approximately 0.2 million OP Units at $20.18 per unit to former FelCor LP limited partners, and cash. The total consideration consisted of the following (in thousands): Total Consideration Common Shares $ 1,016,227 Series A Preferred Shares 366,936 OP Units 4,342 Cash, net of cash, cash equivalents, and restricted cash reserves acquired 24,883 Total consideration $ 1,412,388 The Company allocated the purchase price consideration as follows (in thousands): August 31, 2017 Investment in hotel properties $ 2,661,114 Investment in unconsolidated joint ventures 25,651 Hotel and other receivables 28,308 Deferred income tax assets 58,170 Intangible assets 139,673 Prepaid expenses and other assets 23,811 Debt (1,305,337 ) Accounts payable and other liabilities (118,360 ) Advance deposits and deferred revenue (23,795 ) Accrued interest (22,612 ) Distributions payable (4,312 ) Noncontrolling interest in consolidated joint ventures (5,493 ) Preferred equity in a consolidated joint venture (44,430 ) Total consideration $ 1,412,388 The Company used the following valuation methodologies, inputs, and assumptions to estimate the fair value of the assets acquired, the liabilities assumed, and the equity interests acquired: • Investment in hotel properties — The Company estimated the fair values of the land and improvements, buildings and improvements, and furniture, fixtures, and equipment at the hotel properties by using a combination of the market, cost, and income approaches. These valuation methodologies are based on significant Level 3 inputs in the fair value hierarchy, such as estimates of future income growth, capitalization rates, discount rates, capital expenditures, and cash flow projections at the respective hotel properties. • Investment in unconsolidated joint ventures — The Company estimated the fair value of its real estate interests in the unconsolidated joint ventures by using the same valuation methodologies for the investment in hotel properties noted above and for the debt noted below. The Company recognized the net assets acquired based on its respective ownership interest in the joint venture according to the joint venture agreement. • Deferred income tax assets — The Company estimated the future realizable value of the deferred income tax assets by estimating the amount of the net operating loss that will be utilized in future periods by the acquired taxable REIT subsidiaries. The Company then applied its applicable effective tax rate against the net operating losses to determine the appropriate deferred income tax assets to recognize. This valuation methodology is based on Level 3 inputs in the fair value hierarchy. • Intangible assets — The Company estimated the fair value of its below market ground lease intangible assets by calculating the present value of the difference between the contractual rental amounts paid according to the in-place lease agreements and the market rental rates for similar leased space, measured over a period equal to the remaining non-cancelable term of the lease. This valuation methodology is based on Level 3 inputs in the fair value hierarchy. The below market ground lease intangible assets are amortized over the remaining terms of the respective leases as adjustments to rental expense in property tax, insurance and other in the consolidated statements of operations and comprehensive income. The Company estimated the fair value of the advanced bookings intangible asset by using the income approach to determine the projected cash flows that a hotel property will receive as a result of future hotel room and guests events that have already been reserved and pre-booked at the hotel property as of the Acquisition Date. This valuation methodology is based on Level 3 inputs in the fair value hierarchy. The advanced bookings intangible asset is amortized over the duration of the hotel room and guest event reservations period at the hotel property to depreciation and amortization in the consolidated statements of operations and comprehensive income. The Company recognized the following intangible assets in the Mergers (dollars in thousands): Weighted Average Amortization Period (in Years) Below market ground leases $ 118,050 54 Advanced bookings 13,862 1 Other intangible assets 7,761 6 Total intangible assets $ 139,673 46 • Above market ground lease liabilities — The Company estimated the fair value of its above market ground lease liabilities by calculating the present value of the difference between the contractual rental amounts paid according to the in-place lease agreements and the market rental rates for similar leased space, measured over a period equal to the remaining non-cancelable term of the lease. This valuation methodology is based on Level 3 inputs in the fair value hierarchy. The Company recognized approximately $15.5 million of above market ground lease liabilities in the Mergers, which are included in accounts payable and other liabilities in the accompanying consolidated balance sheet. The above market ground lease liabilities are amortized over the remaining terms of the respective leases as adjustments to rental expense in property tax, insurance and other in the consolidated statements of operations and comprehensive income. • Debt — The Company estimated the fair value of the Senior Notes (as defined in Note 8) by using publicly available trading prices, market interest rates, and spreads for the Senior Notes, which are Level 3 inputs in the fair value hierarchy. The Company estimated the fair value of the mortgage loans using a discounted cash flow model and incorporated various inputs and assumptions for the effective borrowing rates for debt with similar terms and the loan to estimated fair value of the collateral, which are Level 3 inputs in the fair value hierarchy. The Company recognized approximately $71.7 million in above market debt fair value adjustments on the Senior Notes and the mortgage loans assumed in the Mergers, which is included in debt, net in the accompanying consolidated balance sheet. The above market debt fair value adjustments are amortized over the remaining terms of the respective debt instruments as adjustments to interest expense in the consolidated statements of operations and comprehensive income. • Noncontrolling interest in consolidated joint ventures — The Company estimated the fair value of the consolidated joint ventures by using the same valuation methodologies for the investment in hotel properties noted above. The Company then recognized the fair value of the noncontrolling interest in the consolidated joint ventures based on the joint venture partner's ownership interest in the consolidated joint venture. This valuation methodology is based on Level 3 inputs and assumptions in the fair value hierarchy. • Preferred equity in a consolidated joint venture — The Company estimated the fair value of the preferred equity in a consolidated joint venture by comparing the contractual terms of the preferred equity agreement to market-based terms of a similar preferred equity agreement, which is based on Level 3 inputs in the fair value hierarchy. • Hotel and other receivables, prepaid expenses and other assets, accounts payable and other liabilities, advance deposits and deferred revenue, accrued interest, and distributions payable — The carrying amounts of the assets acquired, the liabilities assumed, and the equity interests acquired approximate fair value because of their short term maturities. The following table presents the costs that were incurred in connection with the Mergers (in thousands): For the three months ended June 30, For the six months ended June 30, 2018 2017 2018 2017 Transaction costs $ (476 ) $ 3,627 $ (613 ) $ 4,247 Integration costs 305 — 1,725 — $ (171 ) $ 3,627 $ 1,112 $ 4,247 The transaction costs primarily related to transfer taxes (refund of transfer taxes) and financial advisory, legal, and other professional service fees in connection with the Mergers. The integration costs primarily related to professional fees and employee-related costs, including compensation for transition employees. The merger-related costs noted above were expensed to transaction costs in the accompanying consolidated statements of operations and comprehensive income.

Investment in Hotel Properties

Investment in Hotel Properties	6 Months Ended
	Jun. 30, 2018
Property, Plant and Equipment [Abstract]
Investment in Hotel Properties	Investment in Hotel Properties Investment in hotel properties consisted of the following (in thousands): June 30, 2018 December 31, 2017 Land and improvements $ 1,232,308 $ 1,275,030 Buildings and improvements 4,756,592 4,890,266 Furniture, fixtures and equipment 780,635 756,546 6,769,535 6,921,842 Accumulated depreciation (1,235,466 ) (1,129,917 ) Investment in hotel properties, net $ 5,534,069 $ 5,791,925 For the three and six months ended June 30, 2018 , the Company recognized depreciation expense related to its investment in hotel properties of approximately $59.0 million and $117.9 million , respectively. For the three and six months ended June 30, 2017 , the Company recognized depreciation expense related to its investment in hotel properties of approximately $38.2 million and $76.8 million , respectively. Held for Sale In May 2018, the Company entered into a purchase and sale agreement to sell the Embassy Suites Napa Valley. At June 30, 2018, this hotel property has been included in assets of hotel properties held for sale, net in the accompanying consolidated balance sheet. The transaction closed on July 13, 2018. In May 2018, the Company entered into a purchase and sale agreement to sell the DoubleTree Hotel Columbia. At June 30, 2018, this hotel property has been included in assets of hotel properties held for sale, net in the accompanying consolidated balance sheet. The transaction closed on August 7, 2018. The following table is a summary of the major classes of assets held for sale (in thousands): June 30, 2018 Land and improvements $ 24,675 Buildings and improvements 72,717 Furniture, fixtures and equipment 1,978 Total investment in hotel properties, net 99,370 Intangible assets 45 Total assets of hotel properties held for sale, net $ 99,415

Investment in Unconsolidated Jo

Investment in Unconsolidated Joint Ventures (Notes)	6 Months Ended
	Jun. 30, 2018
Investment in Unconsolidated Joint Ventures [Abstract]
Equity Method Investments and Joint Ventures Disclosure [Text Block]	Investment in Unconsolidated Joint Ventures As of June 30, 2018 and December 31, 2017 , the Company owned 50% interests in joint ventures that owned two hotel properties. The Company also owned 50% interests in joint ventures that owned real estate and a condominium management business that are associated with two of our resort hotel properties. The Company accounts for the investments in these unconsolidated joint ventures under the equity method of accounting. The Company makes adjustments to the equity in income (loss) from unconsolidated joint ventures related to the difference between the Company's basis in the investment in the unconsolidated joint ventures as compared to the historical basis of the assets and liabilities of the joint ventures. As of June 30, 2018 and December 31, 2017 , the unconsolidated joint ventures' debt consisted entirely of non-recourse mortgage debt. The following table summarizes the components of the Company's investments in unconsolidated joint ventures (in thousands): June 30, 2018 December 31, 2017 Equity basis of the joint venture investments $ 591 $ 253 Cost of the joint venture investments in excess of the joint venture book value 22,897 23,632 Investment in unconsolidated joint ventures $ 23,488 $ 23,885 The following table summarizes the components of the Company's equity in income from unconsolidated joint ventures (in thousands): For the three months ended June 30, 2018 For the six months ended June 30, 2018 Unconsolidated joint ventures net income attributable to the Company $ 1,166 $ 1,152 Depreciation of cost in excess of book value (367 ) (734 ) Equity in income from unconsolidated joint ventures $ 799 $ 418

Sale of Hotel Properties

Sale of Hotel Properties	6 Months Ended
	Jun. 30, 2018
Discontinued Operations and Disposal Groups [Abstract]
Disposal of Hotel Properties	Sale of Hotel Properties During the six months ended June 30, 2018 , the Company sold two hotel properties for a total sale price of approximately $119.2 million . In conjunction with these transactions, the Company recorded a $3.8 million loss on sale, which is included in loss on sale of hotel properties in the accompanying consolidated statement of operations and comprehensive income. The loss on sale is presented net of a gain on extinguishment of indebtedness of $5.1 million associated with the two hotel properties. The following table discloses the hotel properties that were sold during the six months ended June 30, 2018 : Hotel Property Name Location Sale Date Rooms Embassy Suites Boston Marlborough Marlborough, MA February 21, 2018 229 Sheraton Philadelphia Society Hill Hotel Philadelphia, PA March 27, 2018 364 Total 593 During the year ended December 31, 2016, the Company sold two hotel properties and deferred a gain of $15.0 million related to the Company's maximum exposure to loss with respect to certain post-closing obligations. During the three and six months ended June 30, 2018, the Company satisfied certain post-closing obligations and recognized an additional $0.8 million gain on sale, which is included in gain (loss) on sale of hotel properties in the accompanying consolidated statements of operations and comprehensive income. The Company has satisfied all post-closing obligations with respect to the sale of the two hotel properties. On July 13, 2018, the Company sold the Embassy Suites Napa Valley. On August 7, 2018, the Company sold the DoubleTree Hotel Columbia. During the six months ended June 30, 2017 , the Company did not sell any hotel properties.

Revenue (Notes)

Revenue (Notes)	6 Months Ended
	Jun. 30, 2018
Revenue from Contract with Customer [Abstract]
Revenue from Contract with Customer [Text Block]	Revenue The Company recognized revenue from the following geographic markets (in thousands): For the three months ended June 30, 2018 For the three months ended June 30, 2017 Room Revenue Food and Beverage Revenue Other Revenue Total Revenue Room Revenue Food and Beverage Revenue Other Revenue Total Revenue Northern California $ 62,658 $ 5,521 $ 2,144 $ 70,323 $ 24,195 $ 1,078 $ 570 $ 25,843 New York City 36,038 4,843 1,029 41,910 22,304 1,331 560 24,195 Southern California 33,605 4,228 2,149 39,982 13,972 1,265 483 15,720 South Florida 31,483 5,255 1,868 38,606 19,251 3,293 1,087 23,631 Austin 22,895 2,481 919 26,295 20,498 2,212 652 23,362 Chicago 21,573 3,506 519 25,598 21,239 3,811 438 25,488 Washington, DC 21,198 908 648 22,754 20,703 912 643 22,258 Denver 19,142 3,198 371 22,711 19,818 3,408 390 23,616 Houston 16,847 969 1,121 18,937 12,456 717 742 13,915 Louisville 12,339 3,997 583 16,919 14,322 4,073 760 19,155 Other 125,454 23,538 11,664 160,656 64,981 7,021 3,099 75,101 Total $ 403,232 $ 58,444 $ 23,015 $ 484,691 $ 253,739 $ 29,121 $ 9,424 $ 292,284 For the six months ended June 30, 2018 For the six months ended June 30, 2017 Room Revenue Food and Beverage Revenue Other Revenue Total Revenue Room Revenue Food and Beverage Revenue Other Revenue Total Revenue Northern California $ 116,927 $ 10,881 $ 3,881 $ 131,689 $ 46,290 $ 2,318 $ 1,103 $ 49,711 South Florida 78,263 10,987 3,697 92,947 46,747 6,905 2,305 55,957 Southern California 64,018 8,356 4,075 76,449 27,059 2,361 910 30,330 New York City 58,678 7,629 1,943 68,250 35,703 2,195 1,171 39,069 Austin 46,569 4,978 1,831 53,378 42,113 4,620 1,252 47,985 Chicago 34,516 6,438 893 41,847 32,898 6,695 809 40,402 Denver 33,790 6,237 603 40,630 34,605 6,415 681 41,701 Washington, DC 36,007 1,560 1,171 38,738 36,154 1,595 1,156 38,905 Houston 33,427 1,950 2,050 37,427 27,790 1,464 1,456 30,710 Louisville 20,597 7,100 1,056 28,753 23,368 7,763 1,290 32,421 Other 238,085 44,523 21,569 304,177 125,977 13,481 5,867 145,325 Total $ 760,877 $ 110,639 $ 42,769 $ 914,285 $ 478,704 $ 55,812 $ 18,000 $ 552,516

Debt

Debt	6 Months Ended
	Jun. 30, 2018
Debt Disclosure [Abstract]
Debt	Debt The Company's debt consisted of the following (in thousands): June 30, 2018 December 31, 2017 Senior Notes $ 507,685 $ 1,062,716 Revolver and Term Loans, net 1,418,282 1,170,954 Mortgage loans, net 643,099 646,818 Debt, net $ 2,569,066 $ 2,880,488 Senior Notes The Company's senior secured notes and the senior unsecured notes are collectively the "Senior Notes". The Company's Senior Notes consisted of the following (in thousands): Outstanding Borrowings at Number of Assets Encumbered Interest Rate Maturity Date June 30, 2018 December 31, 2017 Senior secured notes (1) (2) (3) 9 5.63% — $ — $ 552,669 Senior unsecured notes (1) (2) (4) — 6.00% June 2025 507,685 510,047 Total Senior Notes $ 507,685 $ 1,062,716 (1) Requires payments of interest only through maturity. (2) The senior secured notes include $28.7 million at December 31, 2017, and the senior unsecured notes include $32.7 million and $35.1 million at June 30, 2018 and December 31, 2017 , respectively, related to fair value adjustments on the Senior Notes that were assumed in the Mergers. (3) On March 9, 2018 (the "Redemption Date"), the Company completed the early redemption of the senior secured notes in full for an aggregate amount of approximately $539.0 million , which included the redemption price of 102.813% for the outstanding principal amount. The Company recognized a gain of approximately $7.7 million on the early redemption, which is included in gain on extinguishment of indebtedness in the accompanying consolidated statements of operations and comprehensive income. The gain on extinguishment of indebtedness excludes $5.1 million related to two hotel properties that were sold during the six months ended June 30, 2018 that is included in loss on sale of hotel properties in the accompanying consolidated statement of operations and comprehensive income. (4) The Company has the option to redeem the senior unsecured notes beginning June 1, 2020 at a premium of 103.0% . The Senior Notes are subject to customary financial covenants. As of June 30, 2018 and December 31, 2017 , the Company was in compliance with all financial covenants. Revolver and Term Loans The Company has the following unsecured credit agreements in place: • $600.0 million revolving credit facility with a scheduled maturity date of April 22, 2020 with a one -year extension option if certain conditions are satisfied (the "Revolver"); • $400.0 million term loan with a scheduled maturity date of April 22, 2021 (the "$400 Million Term Loan Maturing 2021"); • $150.0 million term loan with a scheduled maturity date of January 22, 2022 (the "$150 Million Term Loan Maturing 2022"); • $400.0 million term loan with a scheduled maturity date of January 25, 2023 (the "$400 Million Term Loan Maturing 2023"). This term loan was referred to as the $400 Million Term Loan Maturing 2019 in previous periodic filings; and • $225.0 million term loan with a scheduled maturity date of January 25, 2023 (the "$225 Million Term Loan Maturing 2023"). This term loan was referred to as the $225 Million Term Loan Maturing 2019 in previous periodic filings. The $400 Million Term Loan Maturing 2021, the $150 Million Term Loan Maturing 2022, the $400 Million Term Loan Maturing 2023, and the $225 Million Term Loan Maturing 2023 are collectively the "Term Loans". The Revolver and Term Loans are subject to customary financial covenants. As of June 30, 2018 and December 31, 2017 , the Company was in compliance with all financial covenants. The Company's unsecured credit agreements consisted of the following (in thousands): Outstanding Borrowings at Interest Rate at June 30, 2018 (1) Maturity Date June 30, 2018 December 31, 2017 Revolver (2) 3.59% April 2020 $ 250,000 $ — $400 Million Term Loan Maturing 2021 3.06% April 2021 400,000 400,000 $150 Million Term Loan Maturing 2022 3.08% January 2022 150,000 150,000 $400 Million Term Loan Maturing 2023 3.17% January 2023 400,000 400,000 $225 Million Term Loan Maturing 2023 3.44% January 2023 225,000 225,000 1,425,000 1,175,000 Deferred financing costs, net (3) (6,718 ) (4,046 ) Total Revolver and Term Loans, net $ 1,418,282 $ 1,170,954 (1) Interest rate at June 30, 2018 gives effect to interest rate hedges. (2) At June 30, 2018 and December 31, 2017 , there was $350.0 million and $600.0 million , respectively, of borrowing capacity on the Revolver. The Company has the ability to further increase the borrowing capacity to $750.0 million , subject to certain lender requirements. (3) Excludes $2.0 million and $2.6 million as of June 30, 2018 and December 31, 2017 , respectively, related to deferred financing costs on the Revolver, which are included in prepaid expense and other assets in the accompanying consolidated balance sheets. Mortgage Loans The Company's mortgage loans consisted of the following (in thousands): Principal balance at Lender Number of Assets Encumbered Interest Rate at June 30, 2018 (1) Maturity Date June 30, 2018 December 31, 2017 Wells Fargo (2) 4 4.07% October 2018 (4) $ 150,000 $ 150,000 Wells Fargo (5) 4 4.04% March 2019 (3) 141,750 143,250 PNC Bank (2) (6) 5 4.19% March 2021 (7) 85,000 85,000 Wells Fargo (8) 1 5.25% June 2022 32,471 32,882 PNC Bank/Wells Fargo (9) 4 4.95% October 2022 119,378 120,893 Prudential (10) 1 4.94% October 2022 29,944 30,323 Scotiabank (2) (11) 1 LIBOR + 3.00% November 2018 85,183 85,404 20 643,726 647,752 Deferred financing costs, net (627 ) (934 ) Total mortgage loans, net $ 643,099 $ 646,818 (1) Interest rate at June 30, 2018 gives effect to interest rate hedges. (2) Requires payments of interest only through maturity. (3) In March 2018, the Company extended the maturity date for a one-year term. The maturity date may be extended for three additional one -year terms at the Company’s option, subject to certain lender requirements. (4) The maturity date may be extended for three one -year terms at the Company's option, subject to certain lender requirements. (5) Two of the four hotels encumbered by the Wells Fargo loan are cross-collateralized. (6) The five hotels encumbered by the PNC Bank loan are cross-collateralized. (7) The maturity date may be extended for two one -year terms at the Company’s option, subject to certain lender requirements. (8) Includes $0.7 million and $0.8 million at June 30, 2018 and December 31, 2017 , respectively, related to a fair value adjustment on mortgage debt assumed in conjunction with an acquisition. (9) Includes $2.7 million and $3.0 million at June 30, 2018 and December 31, 2017 , respectively, related to fair value adjustments on the mortgage loans that were assumed in the Mergers. (10) Includes $0.7 million and $0.7 million at June 30, 2018 and December 31, 2017 , respectively, related to a fair value adjustment on the mortgage loan that was assumed in the Mergers. (11) Includes $0.2 million and $0.4 million at June 30, 2018 and December 31, 2017 , respectively, related to a fair value adjustment on the mortgage loan that was assumed in the Mergers. Certain mortgage agreements are subject to customary financial covenants. The Company was in compliance with all financial covenants at June 30, 2018 and December 31, 2017 . Interest Expense The components of the Company's interest expense consisted of the following (in thousands): For the three months ended June 30, For the six months ended June 30, 2018 2017 2018 2017 Senior Notes $ 5,944 $ — $ 16,531 $ — Revolver and Term Loans 11,809 9,629 22,387 19,147 Mortgage loans 6,810 4,058 13,418 8,026 Amortization of deferred financing costs 880 861 1,808 1,704 Total interest expense $ 25,443 $ 14,548 $ 54,144 $ 28,877

Derivatives and Hedging

Derivatives and Hedging	6 Months Ended
	Jun. 30, 2018
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivatives and Hedging	Derivatives and Hedging The Company's interest rate swaps consisted of the following (in thousands): Notional value at Fair value at Hedge type Interest rate Maturity June 30, 2018 December 31, 2017 June 30, 2018 December 31, 2017 Swap-cash flow 1.56% March 2018 $ — $ 175,000 $ — $ (38 ) Swap-cash flow 1.64% March 2018 — 175,000 — (71 ) Swap-cash flow 1.83% September 2018 15,593 15,758 10 (23 ) Swap-cash flow 1.75% September 2018 15,593 15,758 15 (14 ) Swap-cash flow 1.83% September 2018 38,273 38,678 28 (57 ) Swap-cash flow 1.75% September 2018 39,217 39,632 38 (35 ) Swap-cash flow 1.83% September 2018 17,010 17,190 13 (25 ) Swap-cash flow 1.75% September 2018 16,065 16,235 15 (14 ) Swap-cash flow 2.02% March 2019 125,000 125,000 232 (383 ) Swap-cash flow 1.94% March 2019 100,000 100,000 242 (213 ) Swap-cash flow 1.27% March 2019 125,000 125,000 1,009 836 Swap-cash flow 1.96% March 2019 100,000 100,000 251 (230 ) Swap-cash flow 1.85% March 2019 50,000 50,000 171 (43 ) Swap-cash flow 1.81% March 2019 50,000 50,000 186 (19 ) Swap-cash flow 1.74% March 2019 25,000 25,000 107 13 Swap-cash flow (1) 1.80% September 2020 33,000 33,000 517 202 Swap-cash flow (1) 1.80% September 2020 82,000 82,000 1,284 502 Swap-cash flow (1) 1.80% September 2020 35,000 35,000 548 214 Swap-cash flow 1.81% October 2020 143,000 143,000 2,684 803 Swap-cash flow 1.15% April 2021 100,000 100,000 4,235 2,880 Swap-cash flow 1.20% April 2021 100,000 100,000 4,094 2,726 Swap-cash flow 2.15% April 2021 75,000 75,000 1,048 (144 ) Swap-cash flow 1.91% April 2021 75,000 75,000 1,565 415 Swap-cash flow 1.61% June 2021 50,000 50,000 1,570 769 Swap-cash flow 1.56% June 2021 50,000 50,000 1,656 869 Swap-cash flow 1.71% June 2021 50,000 50,000 1,424 598 Swap-cash flow (2) 2.29% December 2022 200,000 200,000 3,735 (413 ) Swap-cash flow (2) 2.29% December 2022 125,000 125,000 2,354 (259 ) Swap-cash flow (2) 2.38% December 2022 200,000 — 3,066 — Swap-cash flow (2) 2.38% December 2022 100,000 — 1,542 — $ 2,134,751 $ 2,186,251 $ 33,639 $ 8,846 (1) Effective between the maturity of the existing swaps in September 2018 and September 2020. (2) Effective between the maturity of the existing swaps in March 2019 and December 2022. As of June 30, 2018 and December 31, 2017 , the aggregate fair value of the interest rate swap assets of $33.6 million and $10.8 million , respectively, was included in prepaid expense and other assets in the accompanying consolidated balance sheets. As of December 31, 2017 , the aggregate fair value of the interest rate swap liabilities of $2.0 million was included in accounts payable and other liabilities in the accompanying consolidated balance sheets. As of June 30, 2018 and December 31, 2017 , there was approximately $33.6 million and $8.8 million , respectively, of unrealized gains included in accumulated other comprehensive income related to interest rate hedges that are effective in offsetting the variable cash flows. There was no ineffectiveness recorded on the designated hedges during the three and six month periods ended June 30, 2018 and 2017 . For the three and six months ended June 30, 2018 , approximately $0.7 million and $0.3 million , respectively, of the amounts included in accumulated other comprehensive income were reclassified into interest expense. For the three and six months ended June 30, 2017 , approximately $2.0 million and $4.9 million , respectively, of the amounts included in accumulated other comprehensive loss were reclassified into interest expense. Approximately $8.0 million of the unrealized gains included in accumulated other comprehensive income at June 30, 2018 is expected to be reclassified into interest expense within the next 12 months.

Fair Value

Fair Value	6 Months Ended
	Jun. 30, 2018
Fair Value Disclosures [Abstract]
Fair Value	Fair Value Fair Value Measurement Fair value is defined as the price that would be received upon the sale of an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date in the principal or most advantageous market. The fair value hierarchy has three levels of inputs, both observable and unobservable: • Level 1 — Inputs include quoted market prices in an active market for identical assets or liabilities. • Level 2 — Inputs are market data, other than Level 1, that are observable either directly or indirectly. Level 2 inputs include quoted market prices for similar assets or liabilities, quoted market prices in an inactive market, and other observable information that can be corroborated by market data. • Level 3 — Inputs are unobservable and corroborated by little or no market data. Fair Value of Financial Instruments The Company used the following market assumptions and/or estimation methods: • Cash and cash equivalents, restricted cash reserves, hotel and other receivables, accounts payable and other liabilities — The carrying amounts reported in the consolidated balance sheets for these financial instruments approximate fair value because of their short term maturities. • Debt — The Company estimated the fair value of the Senior Notes by using publicly available trading prices, market interest rates, and spreads for the Senior Notes, which are Level 2 and Level 3 inputs in the fair value hierarchy. The Company estimated the fair value of the Revolver and Term Loans by using a discounted cash flow model and incorporating various inputs and assumptions for the effective borrowing rates for debt with similar terms, which are Level 3 inputs in the fair value hierarchy. The Company estimated the fair value of the mortgage loans by using a discounted cash flow model and incorporating various inputs and assumptions for the effective borrowing rates for debt with similar terms and the loan to estimated fair value of the collateral, which are Level 3 inputs in the fair value hierarchy. The fair value of the Company's debt was as follows (in thousands): June 30, 2018 December 31, 2017 Carrying Value Fair Value Carrying Value Fair Value Senior Notes $ 507,685 $ 492,162 $ 1,062,716 $ 1,038,892 Revolver and Term Loans, net 1,418,282 1,425,000 1,170,954 1,179,052 Mortgage loans, net 643,099 642,570 646,818 643,078 Debt, net $ 2,569,066 $ 2,559,732 $ 2,880,488 $ 2,861,022 Recurring Fair Value Measurements The following table presents the Company’s fair value hierarchy for those financial assets and liabilities measured at fair value on a recurring basis as of June 30, 2018 (in thousands): Fair Value at June 30, 2018 Level 1 Level 2 Level 3 Total Interest rate swap asset $ — $ 33,639 $ — $ 33,639 Interest rate swap liability — — — — Total $ — $ 33,639 $ — $ 33,639 The following table presents the Company’s fair value hierarchy for those financial assets and liabilities measured at fair value on a recurring basis as of December 31, 2017 (in thousands): Fair Value at December 31, 2017 Level 1 Level 2 Level 3 Total Interest rate swap asset $ — $ 10,827 $ — $ 10,827 Interest rate swap liability — (1,981 ) — (1,981 ) Total $ — $ 8,846 $ — $ 8,846 The fair values of the derivative financial instruments are determined using widely accepted valuation techniques including a discounted cash flow analysis on the expected cash flows for each derivative. The Company determined that the significant inputs, such as interest yield curves and discount rates, used to value its derivatives fall within Level 2 of the fair value hierarchy and that the credit valuation adjustments associated with the Company’s counterparties and its own credit risk utilize Level 3 inputs, such as estimates of current credit spreads to evaluate the likelihood of default by itself and its counterparties. As of June 30, 2018 , the Company assessed the significance of the impact of the credit valuation adjustments on the overall valuation of its derivative positions and determined that the credit valuation adjustments were not significant to the overall valuation of its derivatives. As a result, the Company determined that its derivative valuations in their entirety are classified in Level 2 of the fair value hierarchy.

Income Taxes

Income Taxes	6 Months Ended
	Jun. 30, 2018
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes The Company has elected to be taxed as a REIT under Sections 856 through 860 of the Internal Revenue Code of 1986, as amended (the "Code"), commencing with its taxable year ended December 31, 2011. To qualify as a REIT, the Company must meet a number of organizational and operational requirements, including a requirement that it distribute at least 90% of its REIT taxable income, subject to certain adjustments and excluding any net capital gain, to shareholders. The Company’s intention is to adhere to the REIT qualification requirements and to maintain its qualification for taxation as a REIT. As a REIT, the Company is generally not subject to federal corporate income tax on the portion of taxable income that is distributed to shareholders. If the Company fails to qualify for taxation as a REIT in any taxable year, the Company will be subject to U.S. federal income taxes at regular corporate rates (including any applicable alternative minimum tax) and it may not be able to qualify as a REIT for four subsequent taxable years. As a REIT, the Company may be subject to certain state and local taxes on its income and property, and to federal income and excise taxes on undistributed taxable income. The Company’s TRSs will generally be subject to U.S. federal, state, and local income taxes at the applicable rates. The Company accounts for income taxes using the asset and liability method. Under this method, deferred tax assets and liabilities are recognized for the estimated future tax consequences attributable to the differences between the financial statement carrying amounts of existing assets and liabilities and their respective income tax bases, and for net operating loss, capital loss and tax credit carryforwards. The deferred tax assets and liabilities are measured using the enacted income tax rates in effect for the year in which those temporary differences are expected to be realized or settled. The effect on the deferred tax assets and liabilities from a change in tax rates is recognized in earnings in the period when the new rate is enacted. However, deferred tax assets are recognized only to the extent that it is more likely than not that they will be realized based on consideration of all available evidence, including the future reversals of existing taxable temporary differences, future projected taxable income and tax planning strategies. Valuation allowances are provided if, based upon the weight of the available evidence, it is more likely than not that some or all of the deferred tax assets will not be realized. On December 22, 2017, the President of the United States signed into law the Tax Cuts and Jobs Act (the "Tax Reform Act"). The legislation significantly changed U.S. tax law by, among other things, lowering corporate income tax rates, implementing limitations on net operating loss carryovers, and allowing dividend income from a REIT to be eligible for a 20% qualified business income deduction. The Tax Reform Act permanently reduces the U.S. corporate income tax rate from a maximum of 35% to a flat 21% rate, effective January 1, 2018. During the six months ended June 30, 2018 , the Company did not make any adjustments to the provisional amounts that were recorded during the year ended December 31, 2017. The Company had no accruals for tax uncertainties as of June 30, 2018 and December 31, 2017 .

Commitments and Contingencies

Commitments and Contingencies	6 Months Ended
	Jun. 30, 2018
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Commitments and Contingencies Restricted Cash Reserves The Company is obligated to maintain cash reserve funds for future capital expenditures at the hotels (including the periodic replacement or refurbishment of FF&E) as determined pursuant to the management agreements, franchise agreements and/or mortgage loan documents. The management agreements, franchise agreements and/or mortgage loan documents require the Company to reserve cash ranging typically from 3.0% to 5.0% of the individual hotel’s revenues and maintain the reserves in restricted cash reserve escrows. Any unexpended amounts will remain the property of the Company upon termination of the management agreements, franchise agreements or mortgage loan documents. As of June 30, 2018 and December 31, 2017 , approximately $78.2 million and $72.6 million , respectively, was available in the restricted cash reserves for future capital expenditures, real estate taxes and insurance. Litigation Other than the legal proceeding mentioned below, neither the Company nor any of its subsidiaries is currently involved in any regulatory or legal proceedings that management believes will have a material and adverse effect on the Company's financial position, results of operations or cash flows. Prior to the Mergers, on March 24, 2016, an affiliate of InterContinental Hotels Group PLC ("IHG"), which was previously the hotel management company for three of FelCor's hotels (two of which were sold in 2006, and one of which was converted by FelCor into a Wyndham brand and operation in 2013), notified FelCor that the National Retirement Fund in which the employees at those hotels had participated had assessed a withdrawal liability of $8.3 million , with required quarterly payments including interest, in connection with the termination of IHG’s operation of those hotels. FelCor's hotel management agreements with IHG stated that it may be obligated to indemnify and hold IHG harmless for some or all of any amount ultimately contributed to the pension trust fund with respect to those hotels. Based on the current assessment of the claim, the resolution of this matter may not occur until 2022. As of June 30, 2018 , the Company maintained an accrual of approximately $4.8 million for the future quarterly payments to the pension trust fund, which is included in accounts payable and other liabilities in the accompanying consolidated balance sheet. The Company plans to vigorously defend the underlying claims and, if appropriate, IHG’s demand for indemnification. Management Agreements As of June 30, 2018 , 155 of the Company's hotel properties were operated pursuant to long-term management agreements with initial terms ranging from 3 to 25 years. This number includes 44 hotel properties that receive the benefits of a franchise agreement pursuant to management agreements with Hilton, Hyatt, Marriott, Wyndham, and other hotel brands. Each management company receives a base management fee generally between 3.0% and 3.5% of hotel revenues. Management agreements that include the benefits of a franchise agreement incur a base management fee generally between 2.0% and 7.0% of hotel revenues. The management companies are also eligible to receive an incentive management fee if hotel operating income, as defined in the management agreements, exceeds certain thresholds. The incentive management fee is generally calculated as a percentage of hotel operating income after the Company has received a priority return on its investment in the hotel. Management fees are included in management and franchise fee expense in the accompanying consolidated statements of operations and comprehensive income. For the three and six months ended June 30, 2018 , the Company incurred management fee expense, including amortization of deferred management fees, of approximately $15.1 million and $31.0 million , respectively. For the three and six months ended June 30, 2017 , the Company incurred management fee expense, including amortization of deferred management fees, of approximately $11.1 million and $21.6 million , respectively. The Wyndham management agreements guarantee minimum levels of annual net operating income at each of the Wyndham-managed hotels for each year of the initial 10-year term to 2023, subject to an aggregate $100.0 million limit over the term and an annual $21.5 million limit. For the three and six months ended June 30, 2018 , the Company recorded $2.4 million and $4.3 million , respectively, for the pro-rata portion of the projected aggregate full-year guaranties. The Company recognized this amount as a reduction of Wyndham's contractual management and other fees. Franchise Agreements As of June 30, 2018 , 110 of the Company’s hotel properties were operated under franchise agreements with initial terms ranging from 10 to 30 years. This number excludes 44 hotel properties that receive the benefits of a franchise agreement pursuant to management agreements with Hilton, Hyatt, Marriott, Wyndham, and other hotel brands. In addition, The Knickerbocker is not operated with a hotel brand so the hotel does not have a franchise agreement. Franchise agreements allow the hotel properties to operate under the respective brands. Pursuant to the franchise agreements, the Company pays a royalty fee, generally between 4.0% and 6.0% of room revenue, plus additional fees for marketing, central reservation systems and other franchisor costs generally between 1.0% and 4.3% of room revenue. Certain hotels are also charged a royalty fee of generally 3.0% of food and beverage revenues. Franchise fees are included in management and franchise fee expense in the accompanying consolidated statements of operations and comprehensive income. For the three and six months ended June 30, 2018 , the Company incurred franchise fee expense of approximately $22.2 million and $41.9 million , respectively. For the three and six months ended June 30, 2017 , the Company incurred franchise fee expense of approximately $18.5 million and $35.0 million , respectively.

Equity

Equity	6 Months Ended
	Jun. 30, 2018
Equity [Abstract]
Equity	Equity Common Shares of Beneficial Interest In 2015, the Company's board of trustees authorized a share repurchase program to acquire up to $400.0 million of the Common Shares through December 31, 2016. On February 17, 2017, the Company's board of trustees increased the authorized amount that may be repurchased by $40.0 million to a total of $440.0 million . On February 16, 2018, the Company's board of trustees extended the duration of the share repurchase program to February 28, 2019. During the six months ended June 30, 2018 and 2017, the Company did not repurchase and retire any of its Common Shares under the share repurchase program. As of June 30, 2018 , the share repurchase program had a remaining capacity of $198.9 million .

Equity Incentive Plan

Equity Incentive Plan	6 Months Ended
	Jun. 30, 2018
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Equity Incentive Plan	Equity Incentive Plan The Company may issue share-based awards to officers, employees, non-employee trustees and other eligible persons under the RLJ Lodging Trust 2015 Equity Incentive Plan (the "2015 Plan"). The 2015 Plan provides for a maximum of 7,500,000 Common Shares to be issued in the form of share options, share appreciation rights, restricted share awards, unrestricted share awards, share units, dividend equivalent rights, long-term incentive units, other equity-based awards and cash bonus awards. Share Awards From time to time, the Company may award unvested restricted shares under the 2015 Plan as compensation to officers, employees and non-employee trustees. The issued shares vest over a period of time as determined by the board of trustees at the date of grant. The Company recognizes compensation expense for time-based unvested restricted shares on a straight-line basis over the vesting period based upon the fair market value of the shares on the date of issuance, adjusted for forfeitures. Non-employee trustees may also elect to receive unrestricted shares under the 2015 Plan as compensation that would otherwise be paid in cash for their services. The shares issued to non-employee trustees in lieu of cash compensation are unrestricted and include no vesting conditions. The Company recognizes compensation expense for the unrestricted shares issued in lieu of cash compensation on the date of issuance based upon the fair market value of the shares on that date. A summary of the unvested restricted shares as of June 30, 2018 is as follows: 2018 Number of Weighted-Average Unvested at January 1, 700,325 $ 22.88 Granted 458,207 21.12 Vested (138,803 ) 23.58 Forfeited (3,483 ) 23.03 Unvested at June 30, 1,016,246 $ 21.99 For the three and six months ended June 30, 2018 , the Company recognized approximately $2.3 million and $4.4 million , respectively, of share-based compensation expense related to restricted share awards. For the three and six months ended June 30, 2017 , the Company recognized approximately $2.7 million and $4.7 million , respectively, of share-based compensation expense related to restricted share awards. As of June 30, 2018 , there was $19.2 million of total unrecognized compensation costs related to unvested restricted share awards and these costs are expected to be recognized over a weighted-average period of 2.7 years. The total fair value of the shares vested (calculated as the number of shares multiplied by the vesting date share price) during the six months ended June 30, 2018 and 2017 was approximately $3.0 million and $3.2 million , respectively. Performance Units In February 2017, the Company awarded 259,000 performance units with a grant date fair value of $14.93 per unit to certain employees. The performance units vest over a four -year period, including three years of performance-based vesting plus an additional one year of time-based vesting. In February 2018, the Company awarded 264,000 performance units with a grant date fair value of $13.99 per unit to certain employees. The performance units vest over a four -year period, including three years of performance-based vesting (the "2018 performance units measurement period") plus an additional one year of time-based vesting. These performance units may convert into restricted shares at a range of 25% to 150% of the number of performance units granted contingent upon the Company achieving an absolute total shareholder return and a relative total shareholder return over the measurement period at specified percentiles of the peer group, as defined by the award. If at the end of the 2018 performance units measurement period the target criterion is met, then 50% of the restricted shares will vest immediately. The remaining 50% will vest one year later. The award recipients will not be entitled to receive any dividends prior to the date of conversion. For any restricted shares issued upon conversion, the award recipient will be entitled to receive payment of an amount equal to all dividends that would have been paid if such restricted shares had been issued at the beginning of the 2018 performance units measurement period. The fair value of the performance units is determined using a Monte Carlo simulation with the following assumptions: a risk-free interest rate of 2.42% , volatility of 27.44% , and an expected term equal to the requisite service period for the awards. The Company estimated the compensation expense for the performance units on a straight-line basis using a calculation that recognizes 50% of the grant date fair value over three years and 50% of the grant date fair value over four years . For the three and six months ended June 30, 2018 , the Company recognized approximately $0.8 million and $1.3 million , respectively, of share-based compensation expense related to the performance unit awards. For the three and six months ended June 30, 2017 , the Company recognized approximately $0.4 million and $0.8 million , respectively, of share-based compensation expense related to the performance unit awards. As of June 30, 2018 , there was $6.7 million of total unrecognized compensation cost related to the performance unit awards and these costs are expected to be recognized over a weighted-average period of 2.6 years. As of June 30, 2018 , there were 3,005,780 Common Shares available for future grant under the 2015 Plan.

Earnings per Common Share

Earnings per Common Share	6 Months Ended
	Jun. 30, 2018
Earnings Per Share [Abstract]
Earnings per Common Share	Earnings per Common Share Basic earnings per Common Share is calculated by dividing net income attributable to common shareholders by the weighted-average number of Common Shares outstanding during the period excluding the weighted-average number of unvested restricted shares outstanding during the period. Diluted earnings per Common Share is calculated by dividing net income attributable to common shareholders by the weighted-average number of Common Shares outstanding during the period, plus any shares that could potentially be outstanding during the period. The potential shares consist of the unvested restricted share grants and unvested performance units, calculated using the treasury stock method. Any anti-dilutive shares have been excluded from the diluted earnings per share calculation. Unvested share-based payment awards that contain non-forfeitable rights to dividends or dividend equivalents (whether paid or unpaid) are participating shares and are considered in the computation of earnings per share pursuant to the two-class method. If there were any undistributed earnings allocable to the participating shares, they would be deducted from net income attributable to common shareholders used in the basic and diluted earnings per share calculations. The limited partners’ outstanding OP Units (which may be redeemed for Common Shares under certain circumstances) have been excluded from the diluted earnings per share calculation as there was no effect on the amounts for the three and six months ended June 30, 2018 and 2017 , since the limited partners’ share of income would also be added back to net income attributable to common shareholders. The computation of basic and diluted earnings per Common Share is as follows (in thousands, except share and per share data): For the three months ended June 30, For the six months ended June 30, 2018 2017 2018 2017 Numerator: Net income attributable to RLJ $ 63,714 $ 42,246 $ 87,403 $ 64,004 Less: Preferred dividends (6,279 ) — (12,557 ) — Less: Dividends paid on unvested restricted shares (335 ) (273 ) (663 ) (555 ) Less: Undistributed earnings attributable to unvested restricted shares — (7 ) — — Net income attributable to common shareholders excluding amounts attributable to unvested restricted shares $ 57,100 $ 41,966 $ 74,183 $ 63,449 Denominator: Weighted-average number of Common Shares - basic 174,238,854 123,785,735 174,216,387 123,760,096 Unvested restricted shares 125,693 86,027 99,961 96,292 Weighted-average number of Common Shares - diluted 174,364,547 123,871,762 174,316,348 123,856,388 Net income per share attributable to common shareholders - basic $ 0.33 $ 0.34 $ 0.43 $ 0.51 Net income per share attributable to common shareholders - diluted $ 0.33 $ 0.34 $ 0.43 $ 0.51

Supplemental Information to Sta

Supplemental Information to Statements of Cash Flows	6 Months Ended
	Jun. 30, 2018
Supplemental Cash Flow Elements [Abstract]
Supplemental Information to Statements of Cash Flows	Supplemental Information to Statements of Cash Flows (in thousands) For the six months ended June 30, 2018 2017 Reconciliation of cash, cash equivalents, and restricted cash reserves Cash and cash equivalents $ 382,455 $ 479,879 Restricted cash reserves 78,222 60,697 Cash, cash equivalents, and restricted cash reserves $ 460,677 $ 540,576 Interest paid $ 65,290 $ 26,793 Income taxes paid $ 3,382 $ 1,107 Supplemental investing and financing transactions In conjunction with the sale of hotel properties, the Company recorded the following: Sale of hotel properties $ 120,200 $ — Transaction costs (2,546 ) (30 ) Operating prorations (537 ) — Proceeds from the sale of hotel properties, net $ 117,117 $ (30 ) Supplemental non-cash transactions Accrued capital expenditures $ 14,176 $ —

Summary of Significant Accoun23

Summary of Significant Accounting Policies (Policies)	6 Months Ended
	Jun. 30, 2018
Accounting Policies [Abstract]
Basis of Presentation and Principles of Consolidation	Basis of Presentation and Principles of Consolidation The unaudited consolidated financial statements and related notes have been prepared on the accrual basis of accounting in accordance with accounting principles generally accepted in the United States of America ("GAAP") and in conformity with the rules and regulations of the Securities and Exchange Commission ("SEC") applicable to financial information. The unaudited financial statements include all adjustments that are necessary, in the opinion of management, to fairly state the consolidated balance sheets, statements of operations and comprehensive income, statements of changes in equity and statements of cash flows. The unaudited consolidated financial statements should be read in conjunction with the consolidated financial statements and notes thereto as of and for the year ended December 31, 2017 , included in the Company's Annual Report on Form 10-K filed with the SEC on February 28, 2018. The consolidated financial statements include the accounts of the Company, the Operating Partnership and its wholly-owned subsidiaries, and joint ventures in which the Company has a majority voting interest and control. For the controlled subsidiaries that are not wholly-owned, the third-party ownership interest represents a noncontrolling interest, which is presented separately in the consolidated financial statements. The Company also records the real estate interests in two joint ventures in which it holds an indirect 50% interest using the equity method of accounting. All intercompany balances and transactions have been eliminated in consolidation.
Reclassifications	Reclassifications Certain prior year amounts in these financial statements have been reclassified to conform to the current year presentation with no impact to net income and comprehensive income, shareholders’ equity or cash flows.
Use of Estimates	Use of Estimates The preparation of the Company’s financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of certain assets and liabilities and the amounts of contingent assets and liabilities at the balance sheet date and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.
Revenue Recognition, Policy [Policy Text Block]	Revenue In May 2014, the Financial Accounting Standards Board ("FASB") issued Accounting Standards Update ("ASU") 2014-09, Revenue from Contracts with Customers , which supersedes or replaces nearly all GAAP revenue recognition guidance. The guidance establishes a new control-based revenue recognition model that changes the basis for deciding when revenue is recognized over time or at a point in time and expands the disclosures about revenue. The guidance also applies to sales of real estate and the new principles-based approach is largely based on the transfer of control of the real estate to the buyer. The Company adopted this standard on January 1, 2018 using the modified retrospective transition method. Accordingly, the Company's revenue beginning on January 1, 2018 is presented under ASC 606, while prior period revenue is reported under the accounting standards in effect for those historical periods. Based on the Company's assessment, the adoption of this standard did not have an impact to the Company's consolidated financial statements but it did result in additional disclosures in the notes to the consolidated financial statements. Refer to Note 7, Revenue , for the Company's disclosures about revenue. Substantially all of the Company's revenue is derived from the operation of hotel properties. The Company generates room revenue by renting hotel rooms to customers at its hotel properties. The Company generates food and beverage revenue from the sale of food and beverage to customers at its hotel properties. The Company generates other revenue from parking fees, golf, pool and other resort fees, gift shop sales and other guest service fees at its hotel properties. A performance obligation is a promise in a contract to transfer a distinct good or service to the customer. A contract's transaction price is allocated to each distinct performance obligation and recognized as revenue when the performance obligation is satisfied. The Company's contracts generally have a single performance obligation, such as renting a hotel room to a customer, or providing food and beverage to a customer, or providing a hotel property-related good or service to a customer. The Company's performance obligations are generally satisfied at a point in time. The Company allocates revenue to each performance obligation based on its relative standalone selling price. The Company determines the standalone selling price based on the price it charges each customer for the use or consumption of the promised good or service. The Company's revenue is recognized when control of the promised good or service is transferred to the customer, in an amount that reflects the consideration the Company expects to receive in exchange for the promised good or service. The revenue is recorded net of any sales and occupancy taxes collected from the customer. All rebates or discounts are recorded as a reduction to revenue, and there are no material contingent obligations with respect to rebates and discounts offered by the hotel properties. The timing of revenue recognition, billings, and cash collections results in the Company recognizing hotel and other receivables and advance deposits and deferred revenue on the consolidated balance sheet. Hotel and other receivables are recognized when the Company has provided a good or service to the customer but is only waiting for the passage of time before the customer submits consideration to the Company. Advance deposits and deferred revenue are recognized on the consolidated balance sheets when cash payments are received in advance of the Company satisfying its performance obligation. Advance deposits and deferred revenue consist of amounts that are refundable and non-refundable to the customer. The advance deposits and deferred revenue are recognized as revenue in the consolidated statements of operations and comprehensive income when the Company satisfies its performance obligation to the customer. For the majority of its goods or services and customers, the Company requires payment at the time the respective good or service is provided to the customer. The Company's payment terms vary by the type of customer and the goods or services offered to the customer. The Company applied a practical expedient to not disclose the value of unsatisfied performance obligations for contracts that have an original expected length of one year or less. Any contracts that have an original expected length of greater than one year are insignificant. An allowance for doubtful accounts is the Company's best estimate of the amount of probable credit losses in the existing accounts receivable portfolio and increases to the allowance for doubtful accounts are recorded as bad debt expense. The allowance for doubtful accounts is calculated as a percentage of the aged accounts receivable.
Investment in Real Estate Properties [Policy Text Block]	Investment in Hotel Properties The Company’s acquisitions generally consist of land, land improvements, buildings, building improvements, furniture, fixtures and equipment ("FF&E"), and inventory. The Company may also acquire intangible assets or liabilities related to in-place leases, management agreements, franchise agreements and advanced bookings. The Company allocates the purchase price among the assets acquired and the liabilities assumed based on their respective fair values at the date of acquisition. The Company determines the fair value by using market data and independent appraisals available to us and making numerous estimates and assumptions. Transaction costs are expensed for acquisitions that are considered business combinations and capitalized for asset acquisitions. In January 2017, the FASB issued ASU 2017-01, Business Combinations (Topic 805): Clarifying the Definition of a Business . The guidance clarifies the definition of a business by adding guidance to assist companies and other reporting organizations with evaluating whether transactions should be accounted for as acquisitions (or disposals) of assets or businesses. If substantially all of the fair value of the gross assets acquired (or disposed of) is concentrated in a single asset or a group of similar identifiable asset(s), then the transaction is considered to be an asset acquisition (or disposition). As a result of this standard, the Company anticipates the majority of its hotel purchases will be considered asset acquisitions as opposed to business combinations, although the determination will be made on a transaction-by-transaction basis. Transaction costs associated with asset acquisitions will be capitalized rather than expensed as incurred. The Company adopted this guidance on January 1, 2018 on a prospective basis. The Company does not believe the accounting for each future acquisition (or disposal) of assets or a business will be materially different, therefore, the adoption of this guidance is not expected to have a material impact on the Company's consolidated financial statements. The Company’s investments in hotel properties are carried at cost and are depreciated using the straight-line method over the estimated useful lives of 15 years for land improvements, 15 years for building improvements, 40 years for buildings and three to five years for FF&E. Maintenance and repairs are expensed and major renewals or improvements to the hotel properties are capitalized. Indirect project costs, including interest, salaries and benefits, travel and other related costs that are directly attributable to the development, are also capitalized. Upon the sale or disposition of a hotel property, the asset and related accumulated depreciation accounts are removed and the related gain or loss is included in the gain or loss on sale of hotel properties in the consolidated statements of operations and comprehensive income. A sale or disposition of a hotel property that represents a strategic shift that has or will have a major effect on the Company's operations and financial results is presented as discontinued operations in the consolidated statements of operations and comprehensive income. In accordance with the guidance on impairment or disposal of long-lived assets, the Company does not consider the "held for sale" classification on the consolidated balance sheet until it is probable that the sale will be completed within one year and the other requisite criteria for such classification have been met. The Company does not depreciate assets so long as they are classified as held for sale. Upon designation as held for sale and quarterly thereafter, the Company reviews the realizability of the carrying value, less costs to sell, in accordance with the guidance. Any such adjustment to the carrying value is recorded as an impairment loss. The Company assesses the carrying value of its hotel properties whenever events or changes in circumstances indicate that the carrying amounts may not be recoverable. The recoverability is measured by comparing the carrying amount to the estimated future undiscounted cash flows which take into account current market conditions and the Company’s intent with respect to holding or disposing of the hotel properties. If the Company’s analysis indicates that the carrying value is not recoverable on an undiscounted cash flow basis, the Company will recognize an impairment loss for the amount by which the carrying value exceeds the fair value. The fair value is determined through various valuation techniques, including internally developed discounted cash flow models, comparable market transactions or third-party appraisals. Sale of Real Estate ASU 2014-09 also applies to the sale of real estate and the new principles-based approach is largely based on the transfer of control of the real estate to the buyer. In February 2017, the FASB issued ASU 2017-05, Other Income - Gains and Losses from the Derecognition of Nonfinancial Assets (Subtopic 610-20): Clarifying the Scope of Asset Derecognition Guidance and Accounting for Partial Sales of Nonfinancial Assets . This guidance clarifies that ASC 610-20 applies to the derecognition of nonfinancial assets, including real estate, and in substance nonfinancial assets, which are defined as assets or a group of assets for which substantially all of the fair value consists of nonfinancial assets and the group or subsidiary is not a business. As a result of this guidance, sales and partial sales of real estate assets will be accounted for similar to all other sales of nonfinancial and in substance nonfinancial assets. The Company adopted this guidance on January 1, 2018 using the modified retrospective transition method. Based on the Company's assessment, the adoption of this guidance did not have an impact on the Company's consolidated financial statements.
Share-Based Compensation	Share Awards From time to time, the Company may award unvested restricted shares under the 2015 Plan as compensation to officers, employees and non-employee trustees. The issued shares vest over a period of time as determined by the board of trustees at the date of grant. The Company recognizes compensation expense for time-based unvested restricted shares on a straight-line basis over the vesting period based upon the fair market value of the shares on the date of issuance, adjusted for forfeitures. Non-employee trustees may also elect to receive unrestricted shares under the 2015 Plan as compensation that would otherwise be paid in cash for their services. The shares issued to non-employee trustees in lieu of cash compensation are unrestricted and include no vesting conditions. The Company recognizes compensation expense for the unrestricted shares issued in lieu of cash compensation on the date of issuance based upon the fair market value of the shares on that date.
Recently Issued Accounting Pronouncements	Recently Issued Accounting Pronouncements In February 2016, the FASB issued ASU 2016-02, Leases (Topic 842) . The guidance will require lessees to recognize a right-of-use asset and a lease liability for most of their leases on the balance sheet, and an entity will need to classify its leases as either an operating or finance lease in order to determine the income statement presentation. Leases with a term of 12 months or less will be accounted for similar to the existing guidance today for operating leases. Lessors will classify their leases using an approach that is substantially equivalent to the existing guidance today for operating, direct financing, or sales-type leases. Lessors may only capitalize the incremental direct costs of leasing, so any indirect costs of leasing will be expensed as incurred. The guidance requires an entity to separate the lease components from the non-lease components in a contract, with the lease components being accounted for in accordance with ASC 842 and the non-lease components being accounted for in accordance with other applicable accounting guidance. The guidance is effective for annual reporting periods beginning after December 15, 2018, and the interim periods within those annual periods, with early adoption permitted. The Company will adopt this new standard on January 1, 2019. The Company has not yet completed its analysis on this standard, but it believes the application of the new standard will result in the recording of a right-of-use asset and a lease liability on the consolidated balance sheet for each of its ground leases and equipment leases, which represent the majority of the Company's current operating lease payments. The Company does not expect the adoption of this standard will materially affect its consolidated statements of operations and comprehensive income. In August 2017, the FASB issued ASU 2017-12, Derivatives and Hedging (Topic 815): Targeted Improvements to Accounting for Hedging Activities . The guidance amends the hedge accounting recognition and presentation requirements in ASC 815. The guidance is meant to simplify the application of hedge accounting and better align the financial reporting for hedging activities with the entity's economic and risk management activities. Under the new guidance, all changes in the fair value of highly effective cash flow hedges will be recorded in other comprehensive income and they will be reclassified to earnings when the hedged item impacts earnings. The guidance is effective for annual reporting periods beginning after December 15, 2018, and the interim periods within those annual periods, with early adoption permitted. The Company will adopt this new standard on January 1, 2019. Based on the Company's assessment, the adoption of this standard is not expected to have a material impact on the Company's consolidated financial statements.
Management Agreements	Management Agreements As of June 30, 2018 , 155 of the Company's hotel properties were operated pursuant to long-term management agreements with initial terms ranging from 3 to 25 years. This number includes 44 hotel properties that receive the benefits of a franchise agreement pursuant to management agreements with Hilton, Hyatt, Marriott, Wyndham, and other hotel brands. Each management company receives a base management fee generally between 3.0% and 3.5% of hotel revenues. Management agreements that include the benefits of a franchise agreement incur a base management fee generally between 2.0% and 7.0% of hotel revenues. The management companies are also eligible to receive an incentive management fee if hotel operating income, as defined in the management agreements, exceeds certain thresholds. The incentive management fee is generally calculated as a percentage of hotel operating income after the Company has received a priority return on its investment in the hotel. Management fees are included in management and franchise fee expense in the accompanying consolidated statements of operations and comprehensive income.
Franchise Agreements	Franchise Agreements As of June 30, 2018 , 110 of the Company’s hotel properties were operated under franchise agreements with initial terms ranging from 10 to 30 years. This number excludes 44 hotel properties that receive the benefits of a franchise agreement pursuant to management agreements with Hilton, Hyatt, Marriott, Wyndham, and other hotel brands. In addition, The Knickerbocker is not operated with a hotel brand so the hotel does not have a franchise agreement. Franchise agreements allow the hotel properties to operate under the respective brands. Pursuant to the franchise agreements, the Company pays a royalty fee, generally between 4.0% and 6.0% of room revenue, plus additional fees for marketing, central reservation systems and other franchisor costs generally between 1.0% and 4.3% of room revenue. Certain hotels are also charged a royalty fee of generally 3.0% of food and beverage revenues. Franchise fees are included in management and franchise fee expense in the accompanying consolidated statements of operations and comprehensive income.
Earnings Per Share	Basic earnings per Common Share is calculated by dividing net income attributable to common shareholders by the weighted-average number of Common Shares outstanding during the period excluding the weighted-average number of unvested restricted shares outstanding during the period. Diluted earnings per Common Share is calculated by dividing net income attributable to common shareholders by the weighted-average number of Common Shares outstanding during the period, plus any shares that could potentially be outstanding during the period. The potential shares consist of the unvested restricted share grants and unvested performance units, calculated using the treasury stock method. Any anti-dilutive shares have been excluded from the diluted earnings per share calculation. Unvested share-based payment awards that contain non-forfeitable rights to dividends or dividend equivalents (whether paid or unpaid) are participating shares and are considered in the computation of earnings per share pursuant to the two-class method. If there were any undistributed earnings allocable to the participating shares, they would be deducted from net income attributable to common shareholders used in the basic and diluted earnings per share calculations. The limited partners’ outstanding OP Units (which may be redeemed for Common Shares under certain circumstances) have been excluded from the diluted earnings per share calculation as there was no effect on the amounts for the three and six months ended June 30, 2018 and 2017 , since the limited partners’ share of income would also be added back to net income attributable to common shareholders.

Merger with FelCor Lodging Tr24

Merger with FelCor Lodging Trust Incorporated (Tables)	6 Months Ended
	Jun. 30, 2018
Business Combinations [Abstract]
Schedule of Business Acquisitions by Acquisition, Equity Interest Issued or Issuable [Table Text Block]	The total consideration consisted of the following (in thousands): Total Consideration Common Shares $ 1,016,227 Series A Preferred Shares 366,936 OP Units 4,342 Cash, net of cash, cash equivalents, and restricted cash reserves acquired 24,883 Total consideration $ 1,412,388
Schedule of Business Acquisitions, by Acquisition [Table Text Block]	The total consideration consisted of the following (in thousands): Total Consideration Common Shares $ 1,016,227 Series A Preferred Shares 366,936 OP Units 4,342 Cash, net of cash, cash equivalents, and restricted cash reserves acquired 24,883 Total consideration $ 1,412,388
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed [Table Text Block]	The Company allocated the purchase price consideration as follows (in thousands): August 31, 2017 Investment in hotel properties $ 2,661,114 Investment in unconsolidated joint ventures 25,651 Hotel and other receivables 28,308 Deferred income tax assets 58,170 Intangible assets 139,673 Prepaid expenses and other assets 23,811 Debt (1,305,337 ) Accounts payable and other liabilities (118,360 ) Advance deposits and deferred revenue (23,795 ) Accrued interest (22,612 ) Distributions payable (4,312 ) Noncontrolling interest in consolidated joint ventures (5,493 ) Preferred equity in a consolidated joint venture (44,430 ) Total consideration $ 1,412,388
Schedule of Finite-Lived Intangible Assets Acquired as Part of Business Combination [Table Text Block]	The Company recognized the following intangible assets in the Mergers (dollars in thousands): Weighted Average Amortization Period (in Years) Below market ground leases $ 118,050 54 Advanced bookings 13,862 1 Other intangible assets 7,761 6 Total intangible assets $ 139,673 46
Business Acquisition, Transaction costs [Table Text Block]	The following table presents the costs that were incurred in connection with the Mergers (in thousands): For the three months ended June 30, For the six months ended June 30, 2018 2017 2018 2017 Transaction costs $ (476 ) $ 3,627 $ (613 ) $ 4,247 Integration costs 305 — 1,725 — $ (171 ) $ 3,627 $ 1,112 $ 4,247

Investment in Hotel Properties

Investment in Hotel Properties (Tables)	6 Months Ended
	Jun. 30, 2018
Property, Plant and Equipment [Abstract]
Disclosure of Long Lived Assets Held-for-sale	The following table is a summary of the major classes of assets held for sale (in thousands): June 30, 2018 Land and improvements $ 24,675 Buildings and improvements 72,717 Furniture, fixtures and equipment 1,978 Total investment in hotel properties, net 99,370 Intangible assets 45 Total assets of hotel properties held for sale, net $ 99,415
Schedule of investment in hotel properties	Investment in hotel properties consisted of the following (in thousands): June 30, 2018 December 31, 2017 Land and improvements $ 1,232,308 $ 1,275,030 Buildings and improvements 4,756,592 4,890,266 Furniture, fixtures and equipment 780,635 756,546 6,769,535 6,921,842 Accumulated depreciation (1,235,466 ) (1,129,917 ) Investment in hotel properties, net $ 5,534,069 $ 5,791,925

Investment in Unconsolidated 26

Investment in Unconsolidated Joint Ventures (Tables)	6 Months Ended
	Jun. 30, 2018
Schedule of components of investments in unconsolidated joint ventures [Abstract]
Schedule of Components of Investment In Unconsolidated Entities [Table Text Block]	The following table summarizes the components of the Company's investments in unconsolidated joint ventures (in thousands): June 30, 2018 December 31, 2017 Equity basis of the joint venture investments $ 591 $ 253 Cost of the joint venture investments in excess of the joint venture book value 22,897 23,632 Investment in unconsolidated joint ventures $ 23,488 $ 23,885
Schedule of Components of Equity In Income (Loss) from Unconsolidated Entities [Table Text Block]	The following table summarizes the components of the Company's equity in income from unconsolidated joint ventures (in thousands): For the three months ended June 30, 2018 For the six months ended June 30, 2018 Unconsolidated joint ventures net income attributable to the Company $ 1,166 $ 1,152 Depreciation of cost in excess of book value (367 ) (734 ) Equity in income from unconsolidated joint ventures $ 799 $ 418

Sale of Hotel Properties (Table

Sale of Hotel Properties (Tables)	6 Months Ended
	Jun. 30, 2018
Discontinued Operations and Disposal Groups [Abstract]
Schedule of property disposed during period	The following table discloses the hotel properties that were sold during the six months ended June 30, 2018 : Hotel Property Name Location Sale Date Rooms Embassy Suites Boston Marlborough Marlborough, MA February 21, 2018 229 Sheraton Philadelphia Society Hill Hotel Philadelphia, PA March 27, 2018 364 Total 593

Revenue (Tables)

Revenue (Tables)	6 Months Ended
	Jun. 30, 2018
Revenue from Contract with Customer [Abstract]
Disaggregation of Revenue [Table Text Block]	The Company recognized revenue from the following geographic markets (in thousands): For the three months ended June 30, 2018 For the three months ended June 30, 2017 Room Revenue Food and Beverage Revenue Other Revenue Total Revenue Room Revenue Food and Beverage Revenue Other Revenue Total Revenue Northern California $ 62,658 $ 5,521 $ 2,144 $ 70,323 $ 24,195 $ 1,078 $ 570 $ 25,843 New York City 36,038 4,843 1,029 41,910 22,304 1,331 560 24,195 Southern California 33,605 4,228 2,149 39,982 13,972 1,265 483 15,720 South Florida 31,483 5,255 1,868 38,606 19,251 3,293 1,087 23,631 Austin 22,895 2,481 919 26,295 20,498 2,212 652 23,362 Chicago 21,573 3,506 519 25,598 21,239 3,811 438 25,488 Washington, DC 21,198 908 648 22,754 20,703 912 643 22,258 Denver 19,142 3,198 371 22,711 19,818 3,408 390 23,616 Houston 16,847 969 1,121 18,937 12,456 717 742 13,915 Louisville 12,339 3,997 583 16,919 14,322 4,073 760 19,155 Other 125,454 23,538 11,664 160,656 64,981 7,021 3,099 75,101 Total $ 403,232 $ 58,444 $ 23,015 $ 484,691 $ 253,739 $ 29,121 $ 9,424 $ 292,284 For the six months ended June 30, 2018 For the six months ended June 30, 2017 Room Revenue Food and Beverage Revenue Other Revenue Total Revenue Room Revenue Food and Beverage Revenue Other Revenue Total Revenue Northern California $ 116,927 $ 10,881 $ 3,881 $ 131,689 $ 46,290 $ 2,318 $ 1,103 $ 49,711 South Florida 78,263 10,987 3,697 92,947 46,747 6,905 2,305 55,957 Southern California 64,018 8,356 4,075 76,449 27,059 2,361 910 30,330 New York City 58,678 7,629 1,943 68,250 35,703 2,195 1,171 39,069 Austin 46,569 4,978 1,831 53,378 42,113 4,620 1,252 47,985 Chicago 34,516 6,438 893 41,847 32,898 6,695 809 40,402 Denver 33,790 6,237 603 40,630 34,605 6,415 681 41,701 Washington, DC 36,007 1,560 1,171 38,738 36,154 1,595 1,156 38,905 Houston 33,427 1,950 2,050 37,427 27,790 1,464 1,456 30,710 Louisville 20,597 7,100 1,056 28,753 23,368 7,763 1,290 32,421 Other 238,085 44,523 21,569 304,177 125,977 13,481 5,867 145,325 Total $ 760,877 $ 110,639 $ 42,769 $ 914,285 $ 478,704 $ 55,812 $ 18,000 $ 552,516

Debt (Tables)

Debt (Tables)	6 Months Ended
	Jun. 30, 2018
Debt Disclosure [Abstract]
Schedule of Debt	The Company's debt consisted of the following (in thousands): June 30, 2018 December 31, 2017 Senior Notes $ 507,685 $ 1,062,716 Revolver and Term Loans, net 1,418,282 1,170,954 Mortgage loans, net 643,099 646,818 Debt, net $ 2,569,066 $ 2,880,488
Schedule of Revolver and Term Loans	The Company's unsecured credit agreements consisted of the following (in thousands): Outstanding Borrowings at Interest Rate at June 30, 2018 (1) Maturity Date June 30, 2018 December 31, 2017 Revolver (2) 3.59% April 2020 $ 250,000 $ — $400 Million Term Loan Maturing 2021 3.06% April 2021 400,000 400,000 $150 Million Term Loan Maturing 2022 3.08% January 2022 150,000 150,000 $400 Million Term Loan Maturing 2023 3.17% January 2023 400,000 400,000 $225 Million Term Loan Maturing 2023 3.44% January 2023 225,000 225,000 1,425,000 1,175,000 Deferred financing costs, net (3) (6,718 ) (4,046 ) Total Revolver and Term Loans, net $ 1,418,282 $ 1,170,954 (1) Interest rate at June 30, 2018 gives effect to interest rate hedges. (2) At June 30, 2018 and December 31, 2017 , there was $350.0 million and $600.0 million , respectively, of borrowing capacity on the Revolver. The Company has the ability to further increase the borrowing capacity to $750.0 million , subject to certain lender requirements. (3) Excludes $2.0 million and $2.6 million as of June 30, 2018 and December 31, 2017 , respectively, related to deferred financing costs on the Revolver, which are included in prepaid expense and other assets in the accompanying consolidated balance sheets.
Schedule of mortgage loans	The Company's mortgage loans consisted of the following (in thousands): Principal balance at Lender Number of Assets Encumbered Interest Rate at June 30, 2018 (1) Maturity Date June 30, 2018 December 31, 2017 Wells Fargo (2) 4 4.07% October 2018 (4) $ 150,000 $ 150,000 Wells Fargo (5) 4 4.04% March 2019 (3) 141,750 143,250 PNC Bank (2) (6) 5 4.19% March 2021 (7) 85,000 85,000 Wells Fargo (8) 1 5.25% June 2022 32,471 32,882 PNC Bank/Wells Fargo (9) 4 4.95% October 2022 119,378 120,893 Prudential (10) 1 4.94% October 2022 29,944 30,323 Scotiabank (2) (11) 1 LIBOR + 3.00% November 2018 85,183 85,404 20 643,726 647,752 Deferred financing costs, net (627 ) (934 ) Total mortgage loans, net $ 643,099 $ 646,818 (1) Interest rate at June 30, 2018 gives effect to interest rate hedges. (2) Requires payments of interest only through maturity. (3) In March 2018, the Company extended the maturity date for a one-year term. The maturity date may be extended for three additional one -year terms at the Company’s option, subject to certain lender requirements. (4) The maturity date may be extended for three one -year terms at the Company's option, subject to certain lender requirements. (5) Two of the four hotels encumbered by the Wells Fargo loan are cross-collateralized. (6) The five hotels encumbered by the PNC Bank loan are cross-collateralized. (7) The maturity date may be extended for two one -year terms at the Company’s option, subject to certain lender requirements. (8) Includes $0.7 million and $0.8 million at June 30, 2018 and December 31, 2017 , respectively, related to a fair value adjustment on mortgage debt assumed in conjunction with an acquisition. (9) Includes $2.7 million and $3.0 million at June 30, 2018 and December 31, 2017 , respectively, related to fair value adjustments on the mortgage loans that were assumed in the Mergers. (10) Includes $0.7 million and $0.7 million at June 30, 2018 and December 31, 2017 , respectively, related to a fair value adjustment on the mortgage loan that was assumed in the Mergers. (11) Includes $0.2 million and $0.4 million at June 30, 2018 and December 31, 2017 , respectively, related to a fair value adjustment on the mortgage loan that was assumed in the Mergers.
Schedule of Interest Expense Components	The components of the Company's interest expense consisted of the following (in thousands): For the three months ended June 30, For the six months ended June 30, 2018 2017 2018 2017 Senior Notes $ 5,944 $ — $ 16,531 $ — Revolver and Term Loans 11,809 9,629 22,387 19,147 Mortgage loans 6,810 4,058 13,418 8,026 Amortization of deferred financing costs 880 861 1,808 1,704 Total interest expense $ 25,443 $ 14,548 $ 54,144 $ 28,877
Schedule of Senior Notes [Table Text Block]	The Company's senior secured notes and the senior unsecured notes are collectively the "Senior Notes". The Company's Senior Notes consisted of the following (in thousands): Outstanding Borrowings at Number of Assets Encumbered Interest Rate Maturity Date June 30, 2018 December 31, 2017 Senior secured notes (1) (2) (3) 9 5.63% — $ — $ 552,669 Senior unsecured notes (1) (2) (4) — 6.00% June 2025 507,685 510,047 Total Senior Notes $ 507,685 $ 1,062,716 (1) Requires payments of interest only through maturity. (2) The senior secured notes include $28.7 million at December 31, 2017, and the senior unsecured notes include $32.7 million and $35.1 million at June 30, 2018 and December 31, 2017 , respectively, related to fair value adjustments on the Senior Notes that were assumed in the Mergers. (3) On March 9, 2018 (the "Redemption Date"), the Company completed the early redemption of the senior secured notes in full for an aggregate amount of approximately $539.0 million , which included the redemption price of 102.813% for the outstanding principal amount. The Company recognized a gain of approximately $7.7 million on the early redemption, which is included in gain on extinguishment of indebtedness in the accompanying consolidated statements of operations and comprehensive income. The gain on extinguishment of indebtedness excludes $5.1 million related to two hotel properties that were sold during the six months ended June 30, 2018 that is included in loss on sale of hotel properties in the accompanying consolidated statement of operations and comprehensive income. (4) The Company has the option to redeem the senior unsecured notes beginning June 1, 2020 at a premium of 103.0% .

Derivatives and Hedging (Tables

Derivatives and Hedging (Tables)	6 Months Ended
	Jun. 30, 2018
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Schedule of interest rate swaps	The Company's interest rate swaps consisted of the following (in thousands): Notional value at Fair value at Hedge type Interest rate Maturity June 30, 2018 December 31, 2017 June 30, 2018 December 31, 2017 Swap-cash flow 1.56% March 2018 $ — $ 175,000 $ — $ (38 ) Swap-cash flow 1.64% March 2018 — 175,000 — (71 ) Swap-cash flow 1.83% September 2018 15,593 15,758 10 (23 ) Swap-cash flow 1.75% September 2018 15,593 15,758 15 (14 ) Swap-cash flow 1.83% September 2018 38,273 38,678 28 (57 ) Swap-cash flow 1.75% September 2018 39,217 39,632 38 (35 ) Swap-cash flow 1.83% September 2018 17,010 17,190 13 (25 ) Swap-cash flow 1.75% September 2018 16,065 16,235 15 (14 ) Swap-cash flow 2.02% March 2019 125,000 125,000 232 (383 ) Swap-cash flow 1.94% March 2019 100,000 100,000 242 (213 ) Swap-cash flow 1.27% March 2019 125,000 125,000 1,009 836 Swap-cash flow 1.96% March 2019 100,000 100,000 251 (230 ) Swap-cash flow 1.85% March 2019 50,000 50,000 171 (43 ) Swap-cash flow 1.81% March 2019 50,000 50,000 186 (19 ) Swap-cash flow 1.74% March 2019 25,000 25,000 107 13 Swap-cash flow (1) 1.80% September 2020 33,000 33,000 517 202 Swap-cash flow (1) 1.80% September 2020 82,000 82,000 1,284 502 Swap-cash flow (1) 1.80% September 2020 35,000 35,000 548 214 Swap-cash flow 1.81% October 2020 143,000 143,000 2,684 803 Swap-cash flow 1.15% April 2021 100,000 100,000 4,235 2,880 Swap-cash flow 1.20% April 2021 100,000 100,000 4,094 2,726 Swap-cash flow 2.15% April 2021 75,000 75,000 1,048 (144 ) Swap-cash flow 1.91% April 2021 75,000 75,000 1,565 415 Swap-cash flow 1.61% June 2021 50,000 50,000 1,570 769 Swap-cash flow 1.56% June 2021 50,000 50,000 1,656 869 Swap-cash flow 1.71% June 2021 50,000 50,000 1,424 598 Swap-cash flow (2) 2.29% December 2022 200,000 200,000 3,735 (413 ) Swap-cash flow (2) 2.29% December 2022 125,000 125,000 2,354 (259 ) Swap-cash flow (2) 2.38% December 2022 200,000 — 3,066 — Swap-cash flow (2) 2.38% December 2022 100,000 — 1,542 — $ 2,134,751 $ 2,186,251 $ 33,639 $ 8,846 (1) Effective between the maturity of the existing swaps in September 2018 and September 2020. (2) Effective between the maturity of the existing swaps in March 2019 and December 2022.

Fair Value (Tables)

Fair Value (Tables)	6 Months Ended
	Jun. 30, 2018
Fair Value Disclosures [Abstract]
Schedule of Carrying Values and Estimated Fair Values of Debt Instruments [Table Text Block]	The fair value of the Company's debt was as follows (in thousands): June 30, 2018 December 31, 2017 Carrying Value Fair Value Carrying Value Fair Value Senior Notes $ 507,685 $ 492,162 $ 1,062,716 $ 1,038,892 Revolver and Term Loans, net 1,418,282 1,425,000 1,170,954 1,179,052 Mortgage loans, net 643,099 642,570 646,818 643,078 Debt, net $ 2,569,066 $ 2,559,732 $ 2,880,488 $ 2,861,022
Schedule of fair value hierarchy for financial assets and liabilities measured at fair value on a recurring basis	The following table presents the Company’s fair value hierarchy for those financial assets and liabilities measured at fair value on a recurring basis as of June 30, 2018 (in thousands): Fair Value at June 30, 2018 Level 1 Level 2 Level 3 Total Interest rate swap asset $ — $ 33,639 $ — $ 33,639 Interest rate swap liability — — — — Total $ — $ 33,639 $ — $ 33,639 The following table presents the Company’s fair value hierarchy for those financial assets and liabilities measured at fair value on a recurring basis as of December 31, 2017 (in thousands): Fair Value at December 31, 2017 Level 1 Level 2 Level 3 Total Interest rate swap asset $ — $ 10,827 $ — $ 10,827 Interest rate swap liability — (1,981 ) — (1,981 ) Total $ — $ 8,846 $ — $ 8,846

Equity Incentive Plan (Tables)

Equity Incentive Plan (Tables)	6 Months Ended
	Jun. 30, 2018
Restricted share awards
Equity Incentive Plan
Summary of the unvested restricted shares	A summary of the unvested restricted shares as of June 30, 2018 is as follows: 2018 Number of Weighted-Average Unvested at January 1, 700,325 $ 22.88 Granted 458,207 21.12 Vested (138,803 ) 23.58 Forfeited (3,483 ) 23.03 Unvested at June 30, 1,016,246 $ 21.99

Earnings per Common Share (Tabl

Earnings per Common Share (Tables)	6 Months Ended
	Jun. 30, 2018
Earnings Per Share [Abstract]
Schedule of computation of basic and diluted earnings per common share	The computation of basic and diluted earnings per Common Share is as follows (in thousands, except share and per share data): For the three months ended June 30, For the six months ended June 30, 2018 2017 2018 2017 Numerator: Net income attributable to RLJ $ 63,714 $ 42,246 $ 87,403 $ 64,004 Less: Preferred dividends (6,279 ) — (12,557 ) — Less: Dividends paid on unvested restricted shares (335 ) (273 ) (663 ) (555 ) Less: Undistributed earnings attributable to unvested restricted shares — (7 ) — — Net income attributable to common shareholders excluding amounts attributable to unvested restricted shares $ 57,100 $ 41,966 $ 74,183 $ 63,449 Denominator: Weighted-average number of Common Shares - basic 174,238,854 123,785,735 174,216,387 123,760,096 Unvested restricted shares 125,693 86,027 99,961 96,292 Weighted-average number of Common Shares - diluted 174,364,547 123,871,762 174,316,348 123,856,388 Net income per share attributable to common shareholders - basic $ 0.33 $ 0.34 $ 0.43 $ 0.51 Net income per share attributable to common shareholders - diluted $ 0.33 $ 0.34 $ 0.43 $ 0.51

Supplemental Information to S34

Supplemental Information to Statements of Cash Flows (Tables)	6 Months Ended
	Jun. 30, 2018
Supplemental Cash Flow Elements [Abstract]
Schedule of supplemental information to statements of cash flows	For the six months ended June 30, 2018 2017 Reconciliation of cash, cash equivalents, and restricted cash reserves Cash and cash equivalents $ 382,455 $ 479,879 Restricted cash reserves 78,222 60,697 Cash, cash equivalents, and restricted cash reserves $ 460,677 $ 540,576 Interest paid $ 65,290 $ 26,793 Income taxes paid $ 3,382 $ 1,107 Supplemental investing and financing transactions In conjunction with the sale of hotel properties, the Company recorded the following: Sale of hotel properties $ 120,200 $ — Transaction costs (2,546 ) (30 ) Operating prorations (537 ) — Proceeds from the sale of hotel properties, net $ 117,117 $ (30 ) Supplemental non-cash transactions Accrued capital expenditures $ 14,176 $ —

Organization (Details)

Organization (Details)	6 Months Ended
	Jun. 30, 2018propertyroomstateshares	Aug. 31, 2017Rooms
Sale of Stock
OP units outstanding (in units) | shares	176,052,200
Company's Ownership interest in OP units through a combination of direct and indirect interests (as a percent)	99.60%
Number of properties owned	156
Number of hotel rooms owned | room	30,400
Number of states in which hotels owned by the entity are located | state	26
Doubletree Metropolitan Hotel New York City (Joint Venture)
Sale of Stock
Hotel property ownership interest (as a percent)	98.30%
FelCor Lodging Trust [Member]
Sale of Stock
Number of hotel rooms owned | Rooms		11,215
Wholly Owned Properties [Member]
Sale of Stock
Number of properties owned	152
Hotel property ownership interest (as a percent)	100.00%
Consolidated Properties [Member]
Sale of Stock
Number of properties owned	154
Unconsolidated Properties [Member]
Sale of Stock
Number of properties owned	2
Hotel property ownership interest (as a percent)	50.00%
Leased Hotel Properties [Member]
Sale of Stock
Number of properties owned	155
Ninety Five Percent Owned [Member] | Partially Owned Properties [Member]
Sale of Stock
Hotel property ownership interest (as a percent)	95.00%
Fifty Percent Owned [Member] | Partially Owned Properties [Member]
Sale of Stock
Hotel property ownership interest (as a percent)	50.00%

Summary of Significant Accoun36

Summary of Significant Accounting Policies (Details) $ in Millions	Jun. 30, 2018USD ($)joint_venture	Dec. 31, 2017USD ($)
Summary of Significant Accounting Policies
Real Estate Interests, Number of Joint Ventures | joint_venture	2
Noncontrolling Interest
Equity Method Investment, Ownership Percentage	50.00%
Accounting Standards Update 2015-03 | Prepaid expenses and other assets
Summary of Significant Accounting Policies
Deferred financing costs | $	$ 2	$ 2.6

Merger with FelCor Lodging Tr37

Merger with FelCor Lodging Trust Incorporated (Details)	Aug. 31, 2017USD ($)Rooms$ / sharesshares	Jun. 30, 2018USD ($)room$ / shares	Dec. 31, 2017USD ($)$ / shares	Jun. 30, 2017USD ($)	Jun. 30, 2018USD ($)room$ / shares	Jun. 30, 2017USD ($)	Sep. 30, 2017$ / shares
Business Acquisition [Line Items]
Transaction costs in a business combination | $		$ (476,000)		$ 3,627,000	$ (613,000)	$ 4,247,000
Off-market Lease, Unfavorable | $	$ 15,489,544
Number of Units in Real Estate Property | room		30,400			30,400
Common Stock, Par or Stated Value Per Share | $ / shares	$ 0.01	$ 0.01	$ 0.01		$ 0.01
Payments to Acquire Businesses, Net of Cash Acquired | $	$ 24,883,000
Preferred Stock, Par or Stated Value Per Share | $ / shares		$ 0.01	0.01		$ 0.01
Number of Businesses Acquired	37
Gross Proceeds from Sale of Real Estate Held-for-investment | $					$ 119,200,000
Business Combination, Consideration Transferred | $	$ 1,412,388,000
Below Market Lease, Gross | $	118,050,000
Acquired Finite-lived Intangible Assets, Weighted Average Useful Life					46 years
Advanced Bookings | $	13,862,000
Other Intangible Assets, Gross | $	7,761,000
Total intangible assets | $	139,673,000
Integration costs in a business combination | $		$ 305,000		0	$ 1,725,000	0
Total merger-related costs of a business combination | $		$ (171,000)		$ 3,627,000	$ 1,112,000	$ 4,247,000
Common Stock [Member]
Business Acquisition [Line Items]
Business Combination, Consideration Transferred, Equity Interests Issued and Issuable | $	$ 1,016,227,000
Business Acquisition, Equity Interest Issued or Issuable, Number of Shares | shares	50,400,000
Business Combination, Consideration Transferred, Equity Interests Issued and Issuable, Share Price | $ / shares	$ 20.18
Series A Cumulative Preferred Stock [Member]
Business Acquisition [Line Items]
Business Combination, Consideration Transferred, Equity Interests Issued and Issuable | $	$ 366,936,000
Business Acquisition, Equity Interest Issued or Issuable, Number of Shares | shares	12,879,475
Business Combination, Consideration Transferred, Equity Interests Issued and Issuable, Share Price | $ / shares	$ 28.49
Preferred Stock, Par or Stated Value Per Share | $ / shares		$ 0.01	$ 0.01		$ 0.01
Partnership Interest [Member]
Business Acquisition [Line Items]
Business Combination, Consideration Transferred, Equity Interests Issued and Issuable | $	$ 4,342,000
Business Combination, Consideration Transferred, Equity Interests Issued and Issuable, Share Price | $ / shares	$ 20.18
Business Acquisition, Common Units Issued or Issuable, Number of Units | shares	215,152
DoubleTree Suites by Hilton Austin [Member]
Business Acquisition [Line Items]
Real Estate Properties, Ownership Interest, Percentage	100.00%
Number of Units in Real Estate Property	188
DoubleTree Suites by Hilton Orlando - Lake Buena Vista [Member]
Business Acquisition [Line Items]
Real Estate Properties, Ownership Interest, Percentage	100.00%
Number of Units in Real Estate Property	229
Embassy Suites Atlanta Buckhead [Member]
Business Acquisition [Line Items]
Real Estate Properties, Ownership Interest, Percentage	100.00%
Number of Units in Real Estate Property	316
Embassy Suites Birmingham [Member]
Business Acquisition [Line Items]
Real Estate Properties, Ownership Interest, Percentage	100.00%
Number of Units in Real Estate Property	242
Embassy Suites Boston Marlborough [Member]
Business Acquisition [Line Items]
Real Estate Properties, Ownership Interest, Percentage	100.00%
Number of Units in Real Estate Property	229
Embassy Suites Dallas Love Field [Member]
Business Acquisition [Line Items]
Real Estate Properties, Ownership Interest, Percentage	100.00%
Number of Units in Real Estate Property	248
Embassy Suites Deerfield Beach [Member]
Business Acquisition [Line Items]
Real Estate Properties, Ownership Interest, Percentage	100.00%
Number of Units in Real Estate Property	244
Embassy Suites Fort Lauderdale 17th Street [Member]
Business Acquisition [Line Items]
Real Estate Properties, Ownership Interest, Percentage	100.00%
Number of Units in Real Estate Property	361
Embassy Suites Los Angeles International Airport South [Member]
Business Acquisition [Line Items]
Real Estate Properties, Ownership Interest, Percentage	100.00%
Number of Units in Real Estate Property	349
Embassy Suites Mandalay Beach [Member]
Business Acquisition [Line Items]
Real Estate Properties, Ownership Interest, Percentage	100.00%
Number of Units in Real Estate Property	250
Embassy Suites Miami International Airport [Member]
Business Acquisition [Line Items]
Real Estate Properties, Ownership Interest, Percentage	100.00%
Number of Units in Real Estate Property	318
Embassy Suites Milpitas Silicon Valley [Member]
Business Acquisition [Line Items]
Real Estate Properties, Ownership Interest, Percentage	100.00%
Number of Units in Real Estate Property	266
Embassy Suites Minneapolis Airport [Member]
Business Acquisition [Line Items]
Real Estate Properties, Ownership Interest, Percentage	100.00%
Number of Units in Real Estate Property	310
Embassy Suites Myrtle Beach [Member]
Business Acquisition [Line Items]
Real Estate Properties, Ownership Interest, Percentage	100.00%
Number of Units in Real Estate Property	255
Embassy Suites Napa Valley [Member]
Business Acquisition [Line Items]
Real Estate Properties, Ownership Interest, Percentage	100.00%
Number of Units in Real Estate Property	205
Embassy Suites Orlando International Drive [Member]
Business Acquisition [Line Items]
Real Estate Properties, Ownership Interest, Percentage	100.00%
Number of Units in Real Estate Property	244
Embassy Suites Phoenix Biltmore [Member]
Business Acquisition [Line Items]
Real Estate Properties, Ownership Interest, Percentage	100.00%
Number of Units in Real Estate Property	232
Embassy Suites San Francisco Airport South San Francisco [Member]
Business Acquisition [Line Items]
Real Estate Properties, Ownership Interest, Percentage	100.00%
Number of Units in Real Estate Property	312
Embassy Suites San Francisco Airport Waterfront [Member]
Business Acquisition [Line Items]
Real Estate Properties, Ownership Interest, Percentage	100.00%
Number of Units in Real Estate Property	340
Embassy Suites Secaucus [Member]
Business Acquisition [Line Items]
Real Estate Properties, Ownership Interest, Percentage	50.00%
Number of Units in Real Estate Property	261
Hilton Myrtle Beach Resort [Member]
Business Acquisition [Line Items]
Real Estate Properties, Ownership Interest, Percentage	100.00%
Number of Units in Real Estate Property	385
Holiday Inn San Francisco Fisherman's Wharf [Member]
Business Acquisition [Line Items]
Real Estate Properties, Ownership Interest, Percentage	100.00%
Number of Units in Real Estate Property	585
San Francisco Marriott Union Square [Member]
Business Acquisition [Line Items]
Real Estate Properties, Ownership Interest, Percentage	100.00%
Number of Units in Real Estate Property	400
Sheraton Burlington Hotel & Conference Center [Member]
Business Acquisition [Line Items]
Real Estate Properties, Ownership Interest, Percentage	100.00%
Number of Units in Real Estate Property	309
Sheraton Philadelphia Society Hill Hotel [Member]
Business Acquisition [Line Items]
Real Estate Properties, Ownership Interest, Percentage	100.00%
Number of Units in Real Estate Property	364
Fairmont Copley Plaza [Member]
Business Acquisition [Line Items]
Real Estate Properties, Ownership Interest, Percentage	100.00%
Number of Units in Real Estate Property	383
The Knickerbocker New York [Member]
Business Acquisition [Line Items]
Real Estate Properties, Ownership Interest, Percentage	95.00%
Number of Units in Real Estate Property	330
Mills House Wyndham Grand Hotel [Member]
Business Acquisition [Line Items]
Real Estate Properties, Ownership Interest, Percentage	100.00%
Number of Units in Real Estate Property	216
Vinoy Renaissance St. Petersburg Resort & Golf Club [Member]
Business Acquisition [Line Items]
Real Estate Properties, Ownership Interest, Percentage	100.00%
Number of Units in Real Estate Property	361
Wyndham Boston Beacon Hill [Member]
Business Acquisition [Line Items]
Real Estate Properties, Ownership Interest, Percentage	100.00%
Number of Units in Real Estate Property	304
Wyndham Houston Medical Center [Member]
Business Acquisition [Line Items]
Real Estate Properties, Ownership Interest, Percentage	100.00%
Number of Units in Real Estate Property	287
Wyndham New Orleans French Quarter [Member]
Business Acquisition [Line Items]
Real Estate Properties, Ownership Interest, Percentage	100.00%
Number of Units in Real Estate Property	374
Wyndham Philadelphia Historic District [Member]
Business Acquisition [Line Items]
Real Estate Properties, Ownership Interest, Percentage	100.00%
Number of Units in Real Estate Property	364
Wyndham Pittsburgh University Center [Member]
Business Acquisition [Line Items]
Real Estate Properties, Ownership Interest, Percentage	100.00%
Number of Units in Real Estate Property	251
Wyndham San Diego Bayside [Member]
Business Acquisition [Line Items]
Real Estate Properties, Ownership Interest, Percentage	100.00%
Number of Units in Real Estate Property	600
Wyndham Santa Monica At The Pier [Member]
Business Acquisition [Line Items]
Real Estate Properties, Ownership Interest, Percentage	100.00%
Number of Units in Real Estate Property	132
FelCor Lodging LP [Member]
Business Acquisition [Line Items]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Real Estate Investment, Net | $	$ 2,661,114,000
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Equity Method Investments | $	25,651,000
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Assets, Receivables | $	28,308,000
Business Combination Recognized Identifiable Assets Acquired and Liabilities Assumed, Deferred Tax Assets | $	58,170,000
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill | $	139,673,000
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Assets, Prepaid Expense and Other Assets | $	23,811,000
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Noncurrent Liabilities, Long-term Debt | $	(1,305,337,000)
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Liabilities, Accounts payable and other liabilities | $	(118,360,000)
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Liabilities, Advance deposits and deferred revenue | $	(23,795,000)
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Liabilities, Accrued interest | $	(22,612,000)
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Liabilities, Distributions payable | $	(4,312,000)
Business Combination, Acquisition of Less than 100 Percent, Noncontrolling interest in consolidated joint ventures, at fair value | $	5,493,000
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Preferred equity in a consolidated joint venture | $	44,430,000
Debt Instrument, Fair Value Adjustment, Net | $	$ 71,700,000
FelCor Lodging Trust [Member]
Business Acquisition [Line Items]
Number of Units in Real Estate Property	11,215
Chateau LeMoyne French Quarter, New Orleans [Member]
Business Acquisition [Line Items]
Real Estate Properties, Ownership Interest, Percentage	50.00%
Number of Units in Real Estate Property	171
FelCor Lodging Trust [Member]
Business Acquisition [Line Items]
Common Stock, Par or Stated Value Per Share | $ / shares	$ 0.01
Common Stock, Conversion Basis							0.362
Preferred Stock, Dividend Rate, Per-Dollar-Amount | $ / shares							$ 1.95
Preferred Stock, Par or Stated Value Per Share | $ / shares	0.01
RLJ Lodging Trust [Member] | Series A Cumulative Preferred Stock [Member]
Business Acquisition [Line Items]
Preferred Stock, Dividend Rate, Per-Dollar-Amount | $ / shares							$ 1.95
Preferred Stock, Par or Stated Value Per Share | $ / shares	$ 0.01
Below market ground leases [Member]
Business Acquisition [Line Items]
Acquired Finite-lived Intangible Assets, Weighted Average Useful Life					54 years
Other finite-lived intangible assets [Member]
Business Acquisition [Line Items]
Acquired Finite-lived Intangible Assets, Weighted Average Useful Life					6 years
Advanced Bookings [Member]
Business Acquisition [Line Items]
Acquired Finite-lived Intangible Assets, Weighted Average Useful Life					1 year
Embassy Suites Boston Marlborough [Member]
Business Acquisition [Line Items]
Sales of Real Estate | $					$ 23,700,000
Fairmont Copley Plaza [Member]
Business Acquisition [Line Items]
Sales of Real Estate | $			$ 170,000,000
Sheraton Philadelphia Society Hill Hotel [Member]
Business Acquisition [Line Items]
Sales of Real Estate | $					$ 95,500,000

Investment in Hotel Propertie38

Investment in Hotel Properties (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017	Dec. 31, 2017
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Disposal Group, Including Discontinued Operation, Assets, Current	$ 99,415		$ 99,415		$ 0
Buildings and improvements	4,756,592		4,756,592		4,890,266
Land and improvements	1,232,308		1,232,308		1,275,030
Accumulated depreciation	(1,235,466)		(1,235,466)		(1,129,917)
Furniture, fixtures and equipment	780,635		780,635		756,546
Investment in hotel properties, gross	6,769,535		6,769,535		6,921,842
Investment in hotel properties, net	5,534,069		5,534,069		5,791,925
Intangible Assets, Net (Excluding Goodwill)	125,453		125,453		$ 133,211
Depreciation and amortization expense related to investment in hotel and other properties, excluding discontinued operations	(59,000)	$ (38,200)	(117,900)	$ (76,800)
Impairment loss	0	$ 0	0	$ 0
Gross Proceeds from Sale of Real Estate Held-for-investment			119,200
Discontinued Operations, Held-for-sale [Member]
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Disposal Group, Including Discontinued Operation, Assets, Current	99,415		99,415
Buildings and improvements	72,717		72,717
Land and improvements	24,675		24,675
Furniture, fixtures and equipment, net	1,978		1,978
Investment in hotel properties, net	99,370		99,370
Intangible Assets, Net (Excluding Goodwill)	$ 45		$ 45

Investment in Unconsolidated 39

Investment in Unconsolidated Joint Ventures (Details) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2018USD ($)property	Jun. 30, 2017USD ($)	Jun. 30, 2018USD ($)property	Jun. 30, 2017USD ($)	Dec. 31, 2017USD ($)
Schedule of Equity Method Investments [Line Items]
Income (Loss) from Equity Method Investments	$ 799	$ 0	$ 418	$ 0
Equity Method Investments	$ 23,488		$ 23,488		$ 23,885
Equity Method Investment, Ownership Percentage	50.00%		50.00%
Number of Real Estate Properties | property	156		156
Unconsolidated Properties [Member]
Schedule of Equity Method Investments [Line Items]
Equity Method Investment, Ownership Percentage	50.00%		50.00%
Number of Real Estate Properties | property	2		2
Equity Method Investments [Member]
Schedule of Equity Method Investments [Line Items]
Income (Loss) from Equity Method Investments	$ 1,166		$ 1,152
Equity Method Investments	591		591		253
Cost in Excess of Book Value of Hotel Investments [Member]
Schedule of Equity Method Investments [Line Items]
Income (Loss) from Equity Method Investments	(367)		(734)
Equity Method Investments	$ 22,897		$ 22,897		$ 23,632

Sale of Hotel Properties (Narra

Sale of Hotel Properties (Narrative) (Details)	3 Months Ended		6 Months Ended
	Jun. 30, 2018USD ($)	Jun. 30, 2017USD ($)	Jun. 30, 2018USD ($)hotel	Jun. 30, 2017USD ($)
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Hotel properties sold, Number | hotel			2
Disposal of hotel properties			$ 119,200,000
Gain (loss) on sale of hotel properties	$ 796,000	$ 30,000	(2,938,000)	$ (30,000)
Gain (Loss) on Extinguishment of Debt	$ 7,000	$ 0	7,666,000	$ 0
Embassy Suites Boston Marlborough & Sheraton Philadelphia Society Hill [Member]
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Gain (loss) on sale of hotel properties			(3,786,907)
Gain (Loss) on Extinguishment of Debt			$ 5,100,000

Sale of Hotel Properties (Sched

Sale of Hotel Properties (Schedule of Properties Disposed) (Details)	3 Months Ended		6 Months Ended
	Jun. 30, 2018USD ($)room	Jun. 30, 2017USD ($)	Jun. 30, 2018USD ($)room	Jun. 30, 2017USD ($)	Mar. 27, 2018room	Feb. 21, 2018room	Dec. 31, 2016USD ($)
Discontinued operations
Gain (loss) on sale of hotel properties	$ 796,000	$ 30,000	$ (2,938,000)	$ (30,000)
Disposal Group, Deferred Gain Recognized During Period			800,000
Embassy Suites Boston Marlborough & Sheraton Philadelphia Society Hill [Member]
Discontinued operations
Gain (loss) on sale of hotel properties			$ (3,786,907)
Embassy Suites Boston Marlborough [Member]
Discontinued operations
Property disposed, number of rooms | room						229
Sheraton Philadelphia Society Hill Hotel [Member]
Discontinued operations
Property disposed, number of rooms | room					364
Disposals 2018 [Member]
Discontinued operations
Property disposed, number of rooms | room	593		593
Accounts payable and other liabilities
Discontinued operations
Disposal Group, Deferred Gain on Disposal							$ 15,000,000

Revenue (Details)

Revenue (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017
Disaggregation of Revenue [Line Items]
Room revenue	$ 403,232	$ 253,739	$ 760,877	$ 478,704
Food and beverage revenue	58,444	29,121	110,639	55,812
Other revenue	23,015	9,424	42,769	18,000
Revenues	484,691	292,284	914,285	552,516
Northern California
Disaggregation of Revenue [Line Items]
Room revenue	62,658	24,195	116,927	46,290
Food and beverage revenue	5,521	1,078	10,881	2,318
Other revenue	2,144	570	3,881	1,103
Revenues	70,323	25,843	131,689	49,711
South Florida
Disaggregation of Revenue [Line Items]
Room revenue	31,483	19,251	78,263	46,747
Food and beverage revenue	5,255	3,293	10,987	6,905
Other revenue	1,868	1,087	3,697	2,305
Revenues	38,606	23,631	92,947	55,957
Southern California
Disaggregation of Revenue [Line Items]
Room revenue	33,605	13,972	64,018	27,059
Food and beverage revenue	4,228	1,265	8,356	2,361
Other revenue	2,149	483	4,075	910
Revenues	39,982	15,720	76,449	30,330
Austin, Texas
Disaggregation of Revenue [Line Items]
Room revenue	22,895	20,498	46,569	42,113
Food and beverage revenue	2,481	2,212	4,978	4,620
Other revenue	919	652	1,831	1,252
Revenues	26,295	23,362	53,378	47,985
New York City
Disaggregation of Revenue [Line Items]
Room revenue	36,038	22,304	58,678	35,703
Food and beverage revenue	4,843	1,331	7,629	2,195
Other revenue	1,029	560	1,943	1,171
Revenues	41,910	24,195	68,250	39,069
Houston, Texas
Disaggregation of Revenue [Line Items]
Room revenue	16,847	12,456	33,427	27,790
Food and beverage revenue	969	717	1,950	1,464
Other revenue	1,121	742	2,050	1,456
Revenues	18,937	13,915	37,427	30,710
Denver, Colorado
Disaggregation of Revenue [Line Items]
Room revenue	19,142	19,818	33,790	34,605
Food and beverage revenue	3,198	3,408	6,237	6,415
Other revenue	371	390	603	681
Revenues	22,711	23,616	40,630	41,701
Chicago, Illinois
Disaggregation of Revenue [Line Items]
Room revenue	21,573	21,239	34,516	32,898
Food and beverage revenue	3,506	3,811	6,438	6,695
Other revenue	519	438	893	809
Revenues	25,598	25,488	41,847	40,402
Washington, D.C.
Disaggregation of Revenue [Line Items]
Room revenue	21,198	20,703	36,007	36,154
Food and beverage revenue	908	912	1,560	1,595
Other revenue	648	643	1,171	1,156
Revenues	22,754	22,258	38,738	38,905
Louisville, Kentucky
Disaggregation of Revenue [Line Items]
Room revenue	12,339	14,322	20,597	23,368
Food and beverage revenue	3,997	4,073	7,100	7,763
Other revenue	583	760	1,056	1,290
Revenues	16,919	19,155	28,753	32,421
Other Markets
Disaggregation of Revenue [Line Items]
Room revenue	125,454	64,981	238,085	125,977
Food and beverage revenue	23,538	7,021	44,523	13,481
Other revenue	11,664	3,099	21,569	5,867
Revenues	$ 160,656	$ 75,101	$ 304,177	$ 145,325

Debt (Senior Notes, Term Loans,

Debt (Senior Notes, Term Loans, and Revolver) (Details)	1 Months Ended	3 Months Ended		6 Months Ended
	Mar. 31, 2018	Jun. 30, 2018USD ($)asset	Jun. 30, 2017USD ($)	Jun. 30, 2018USD ($)asset	Jun. 30, 2017USD ($)	Dec. 31, 2017USD ($)
Debt
Repayments of Senior Notes				$ 539,021,000	$ 0
Gain (Loss) on Extinguishment of Debt		$ 7,000	$ 0	7,666,000	$ 0
Debt, net		2,569,066,000		2,569,066,000		$ 2,880,488,000
Unsecured Debt, Gross		1,425,000,000		1,425,000,000		1,175,000,000
Unamortized debt issuance costs on term loans		(6,718,000)		(6,718,000)		(4,046,000)
Line of credit, future borrowing capacity if extended				750,000,000
Senior Notes [Member]
Debt
Long-term Debt, Gross		$ 507,685,000		$ 507,685,000		1,062,716,000
Secured Debt [Member]
Debt
Number of Assets Encumbered | asset		20		20
Secured Debt		$ 643,099,000		$ 643,099,000		646,818,000
Unsecured Debt [Member]
Debt
Unsecured Debt		$ 1,418,282,000		$ 1,418,282,000		1,170,954,000
Five Point Six Three Percent Due March 2023 [Member] | Secured Debt [Member]
Debt
Number of Assets Encumbered | asset		9		9
Debt Instrument, Interest Rate, Stated Percentage		5.625%		5.625%
Long-term Debt, Gross		$ 0		$ 0		552,669,000
Six Point Zero Zero Percent Due June 2025 [Member] | Unsecured Debt [Member]
Debt
Number of Assets Encumbered | asset		0		0
Debt Instrument, Interest Rate, Stated Percentage		6.00%		6.00%
Long-term Debt, Gross		$ 507,685,000		$ 507,685,000		510,047,000
Senior Unsecured Notes [Member]
Debt
Debt Instrument, Redemption Price, Percentage				103.00%
Senior Secured Notes [Member]
Debt
Debt Instrument, Redemption Price, Percentage	102.813%
The Revolver | Line of Credit
Debt
Maximum borrowing capacity		600,000,000		$ 600,000,000
Additional maturity term				1 year
Unsecured Debt		$ 250,000,000		$ 250,000,000		0
Interest Rate		3.59%		3.59%
Remaining borrowing capacity		$ 350,000,000		$ 350,000,000		600,000,000
$400 Million Term Loan Maturing 2019 | Unsecured Debt [Member]
Debt
Maximum borrowing capacity		400,000,000		400,000,000
Unsecured Debt		$ 400,000,000		$ 400,000,000		400,000,000
Interest Rate		3.17%		3.17%
$225 Million Term Loan Maturing 2019 | Unsecured Debt [Member]
Debt
Maximum borrowing capacity		$ 225,000,000		$ 225,000,000
Unsecured Debt		$ 225,000,000		$ 225,000,000		225,000,000
Interest Rate		3.44%		3.44%
$400 Million Term Loan Maturing 2021 | Unsecured Debt [Member]
Debt
Maximum borrowing capacity		$ 400,000,000		$ 400,000,000
Unsecured Debt		$ 400,000,000		$ 400,000,000		400,000,000
Interest Rate		3.06%		3.06%
$150 Million Term Loan Maturing 2022 | Unsecured Debt [Member]
Debt
Maximum borrowing capacity		$ 150,000,000		$ 150,000,000
Unsecured Debt		$ 150,000,000		$ 150,000,000		150,000,000
Interest Rate		3.08%		3.08%
Senior Secured Notes [Member] | Secured Debt [Member]
Debt
Debt Instrument, Fair Value Adjustment, Net						28,700,000
Senior Unsecured Notes [Member] | Unsecured Debt [Member]
Debt
Debt Instrument, Fair Value Adjustment, Net		$ 32,700,000		$ 32,700,000		35,100,000
Embassy Suites Boston Marlborough & Sheraton Philadelphia Society Hill [Member]
Debt
Gain (Loss) on Extinguishment of Debt				5,100,000
Prepaid expenses and other assets | Accounting Standards Update 2015-03
Debt
Deferred financing costs		$ 2,000,000		$ 2,000,000		$ 2,600,000

Debt (Mortgage Loans) (Details)

Debt (Mortgage Loans) (Details) $ in Thousands	6 Months Ended
	Jun. 30, 2018USD ($)hotelassetterm	Dec. 31, 2017USD ($)
Debt
Mortgage loans, gross	$ 643,726	$ 647,752
Unamortized debt issuance costs on mortgage loans	$ (627)	(934)
Secured Debt [Member]
Debt
Number of Assets Encumbered | asset	20
Mortgage loans, net	$ 643,099	646,818
Secured Debt [Member] | LIBOR Plus Three Point Zero Zero Percent Due November 2017 [Member]
Debt
Debt Instrument, Fair Value Adjustment, Net	200	400
Secured Debt [Member] | Four Point Nine Four Percent Due October 2022 [Member]
Debt
Debt Instrument, Fair Value Adjustment, Net	$ 700	700
Secured Debt [Member] | Wells Fargo Lender 2 [Member]
Debt
Number of Assets Encumbered | asset	4
Interest Rate	4.07%
Mortgage loans, net	$ 150,000	150,000
Number of additional maturity terms | term	3
Secured Debt [Member] | Wells Fargo 1
Debt
Number of Assets Encumbered | asset	4
Interest Rate	4.04%
Mortgage loans, net	$ 141,750	143,250
Number of hotels encumbered by loans that are cross-collateralized | hotel	2
Additional maturity term	1 year
Number of additional maturity terms | term	3
Secured Debt [Member] | PNC Bank
Debt
Number of Assets Encumbered | asset	5
Interest Rate	4.19%
Mortgage loans, net	$ 85,000	85,000
Number of hotels encumbered by loans that are cross-collateralized | hotel	5
Additional maturity term	1 year
Number of additional maturity terms | term	2
Secured Debt [Member] | Wells Fargo 3
Debt
Number of Assets Encumbered | asset	1
Interest Rate	5.25%
Mortgage loans, net	$ 32,471	32,882
Debt Instrument, Fair Value Adjustment, Net	700	800
Secured Debt [Member] | Four Point Nine Five Percent Due October 2022 [Member]
Debt
Debt Instrument, Fair Value Adjustment, Net	$ 2,700	3,000
Four Point Nine Five Percent Due October 2022 [Member] | Secured Debt [Member]
Debt
Number of Assets Encumbered | asset	4
Mortgage loans, net	$ 119,378	120,893
Debt Instrument, Interest Rate, Stated Percentage	4.95%
The Revolver | Line of Credit
Debt
Interest Rate	3.59%
Additional maturity term	1 year
Remaining borrowing capacity	$ 350,000	600,000
Four Point Nine Four Percent Due October 2022 [Member] | Secured Debt [Member]
Debt
Number of Assets Encumbered | asset	1
Mortgage loans, net	$ 29,944	30,323
Debt Instrument, Interest Rate, Stated Percentage	4.94%
LIBOR Plus Three Point Zero Zero Percent Due November 2017 [Member] | Secured Debt [Member]
Debt
Number of Assets Encumbered | asset	1
Mortgage loans, net	$ 85,183	$ 85,404

Debt (Components of Interest Ex

Debt (Components of Interest Expense) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017
Debt
Amortization of deferred financing costs	$ 880	$ 861	$ 1,808	$ 1,704
Total Interest Expense	25,443	14,548	54,144	28,877
Senior Notes [Member]
Debt
Interest expense	5,944	0	16,531	0
Secured Debt [Member]
Debt
Interest expense	6,810	4,058	13,418	8,026
Revolver and Term Loans
Debt
Interest expense	$ 11,809	$ 9,629	$ 22,387	$ 19,147

Derivatives and Hedging (Detail

Derivatives and Hedging (Details) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017	Dec. 31, 2017
Interest Rate Derivatives
Notional value	$ 2,134,751,000		$ 2,134,751,000		$ 2,186,251,000
Unrealized gains (losses) included in accumulated other comprehensive loss	33,600,000		33,600,000		8,800,000
Amount of hedge ineffectiveness	0	$ 0	0	$ 0
Net unrealized gains in accumulated other comprehensive income expected to be reclassified into interest expense within the next 12 months	8,000,000		8,000,000
Interest Rate Cash Flow Hedge Derivative at Fair Value, Net	33,639,000		33,639,000		8,846,000
Designated as Hedging Instrument | Swap-cash flow, hedge type two
Derivatives and Hedging
Interest rate swap asset	0		0
Interest rate swap liability					(38,000)
Interest Rate Derivatives
Notional value	$ 0		$ 0		175,000,000
Interest rate	1.5625%		1.5625%
Designated as Hedging Instrument | Swap-cash flow, hedge type three
Derivatives and Hedging
Interest rate swap asset	$ 0		$ 0
Interest rate swap liability					(71,000)
Interest Rate Derivatives
Notional value	$ 0		$ 0		175,000,000
Interest rate	1.635%		1.635%
Designated as Hedging Instrument | Swap-cash flow, hedge type four
Derivatives and Hedging
Interest rate swap asset	$ 10,000		$ 10,000
Interest rate swap liability					(23,000)
Interest Rate Derivatives
Notional value	$ 15,593,000		$ 15,593,000		15,758,000
Interest rate	1.825%		1.825%
Designated as Hedging Instrument | Swap-cash flow, hedge type five
Derivatives and Hedging
Interest rate swap asset	$ 15,000		$ 15,000
Interest rate swap liability					(14,000)
Interest Rate Derivatives
Notional value	$ 15,593,000		$ 15,593,000		15,758,000
Interest rate	1.751%		1.751%
Designated as Hedging Instrument | Swap-cash flow, hedge type six
Derivatives and Hedging
Interest rate swap asset	$ 28,000		$ 28,000
Interest rate swap liability					(57,000)
Interest Rate Derivatives
Notional value	$ 38,273,000		$ 38,273,000		38,678,000
Interest rate	1.825%		1.825%
Designated as Hedging Instrument | Swap-cash flow, hedge type seven
Derivatives and Hedging
Interest rate swap asset	$ 38,000		$ 38,000
Interest rate swap liability					(35,000)
Interest Rate Derivatives
Notional value	$ 39,217,000		$ 39,217,000		39,632,000
Interest rate	1.751%		1.751%
Designated as Hedging Instrument | Swap-cash flow, hedge type eight
Derivatives and Hedging
Interest rate swap asset	$ 13,000		$ 13,000
Interest rate swap liability					(25,000)
Interest Rate Derivatives
Notional value	$ 17,010,000		$ 17,010,000		17,190,000
Interest rate	1.825%		1.825%
Designated as Hedging Instrument | Swap-cash flow, hedge type nine
Derivatives and Hedging
Interest rate swap asset	$ 15,000		$ 15,000
Interest rate swap liability					(14,000)
Interest Rate Derivatives
Notional value	$ 16,065,000		$ 16,065,000		16,235,000
Interest rate	1.751%		1.751%
Designated as Hedging Instrument | Swap-cash flow, hedge type ten
Derivatives and Hedging
Interest rate swap asset	$ 232,000		$ 232,000
Interest rate swap liability					(383,000)
Interest Rate Derivatives
Notional value	$ 125,000,000		$ 125,000,000		125,000,000
Interest rate	2.018%		2.018%
Designated as Hedging Instrument | Swap-cash flow, hedge type eleven
Derivatives and Hedging
Interest rate swap asset	$ 242,000		$ 242,000
Interest rate swap liability					(213,000)
Interest Rate Derivatives
Notional value	$ 100,000,000		$ 100,000,000		100,000,000
Interest rate	1.944%		1.944%
Designated as Hedging Instrument | Swap-cash flow, hedge type twelve
Derivatives and Hedging
Interest rate swap asset	$ 1,009,000		$ 1,009,000		836,000
Interest Rate Derivatives
Notional value	$ 125,000,000		$ 125,000,000		125,000,000
Interest rate	1.2715%		1.2715%
Designated as Hedging Instrument | Swap-cash flow, hedge type thirteen
Derivatives and Hedging
Interest rate swap asset	$ 251,000		$ 251,000
Interest rate swap liability					(230,000)
Interest Rate Derivatives
Notional value	$ 100,000,000		$ 100,000,000		100,000,000
Interest rate	1.9615%		1.9615%
Designated as Hedging Instrument | Swap-cash flow, hedge type fourteen
Derivatives and Hedging
Interest rate swap asset	$ 171,000		$ 171,000
Interest rate swap liability					(43,000)
Interest Rate Derivatives
Notional value	$ 50,000,000		$ 50,000,000		50,000,000
Interest rate	1.85%		1.85%
Designated as Hedging Instrument | Swap-cash flow, hedge type fifteen
Derivatives and Hedging
Interest rate swap asset	$ 186,000		$ 186,000
Interest rate swap liability					(19,000)
Interest Rate Derivatives
Notional value	$ 50,000,000		$ 50,000,000		50,000,000
Interest rate	1.8115%		1.8115%
Designated as Hedging Instrument | Swap-cash flow, hedge type sixteen
Derivatives and Hedging
Interest rate swap asset	$ 107,000		$ 107,000		13,000
Interest Rate Derivatives
Notional value	$ 25,000,000		$ 25,000,000		25,000,000
Interest rate	1.7445%		1.7445%
Designated as Hedging Instrument | Swap-cash flow, hedge type seventeen
Derivatives and Hedging
Interest rate swap asset	$ 517,000		$ 517,000		202,000
Interest Rate Derivatives
Notional value	$ 33,000,000		$ 33,000,000		33,000,000
Interest rate	1.80%		1.80%
Designated as Hedging Instrument | Swap-cash flow, hedge type eighteen
Derivatives and Hedging
Interest rate swap asset	$ 1,284,000		$ 1,284,000		502,000
Interest Rate Derivatives
Notional value	$ 82,000,000		$ 82,000,000		82,000,000
Interest rate	1.80%		1.80%
Designated as Hedging Instrument | Swap-cash flow, hedge type nineteen
Derivatives and Hedging
Interest rate swap asset	$ 548,000		$ 548,000		214,000
Interest Rate Derivatives
Notional value	$ 35,000,000		$ 35,000,000		35,000,000
Interest rate	1.80%		1.80%
Designated as Hedging Instrument | Swap-cash flow, hedge type twenty
Derivatives and Hedging
Interest rate swap asset	$ 2,684,000		$ 2,684,000		803,000
Interest Rate Derivatives
Notional value	$ 143,000,000		$ 143,000,000		143,000,000
Interest rate	1.80816%		1.80816%
Designated as Hedging Instrument | Swap-cash flow, hedge type twenty one
Derivatives and Hedging
Interest rate swap asset	$ 1,570,000		$ 1,570,000		769,000
Interest Rate Derivatives
Notional value	$ 50,000,000		$ 50,000,000		50,000,000
Interest rate	1.6125%		1.6125%
Designated as Hedging Instrument | Swap-cash flow, hedge type twenty two
Derivatives and Hedging
Interest rate swap asset	$ 1,656,000		$ 1,656,000		869,000
Interest Rate Derivatives
Notional value	$ 50,000,000		$ 50,000,000		50,000,000
Interest rate	1.5555%		1.5555%
Designated as Hedging Instrument | Swap-cash flow, hedge type twenty three
Derivatives and Hedging
Interest rate swap asset	$ 1,424,000		$ 1,424,000		598,000
Interest Rate Derivatives
Notional value	$ 50,000,000		$ 50,000,000		50,000,000
Interest rate	1.7095%		1.7095%
Designated as Hedging Instrument | Swap-cash flow, hedge type twenty four
Derivatives and Hedging
Interest rate swap asset	$ 4,235,000		$ 4,235,000		2,880,000
Interest Rate Derivatives
Notional value	$ 100,000,000		$ 100,000,000		100,000,000
Interest rate	1.15%		1.15%
Designated as Hedging Instrument | Swap-cash flow, hedge type twenty five
Derivatives and Hedging
Interest rate swap asset	$ 4,094,000		$ 4,094,000		2,726,000
Interest Rate Derivatives
Notional value	$ 100,000,000		$ 100,000,000		100,000,000
Interest rate	1.20%		1.20%
Designated as Hedging Instrument | Swap-cash flow, hedge type twenty six
Derivatives and Hedging
Interest rate swap asset	$ 1,048,000		$ 1,048,000
Interest rate swap liability					(144,000)
Interest Rate Derivatives
Notional value	$ 75,000,000		$ 75,000,000		75,000,000
Interest rate	2.15%		2.15%
Designated as Hedging Instrument | Swap-cash flow, hedge type twenty seven
Derivatives and Hedging
Interest rate swap asset	$ 1,565,000		$ 1,565,000		415,000
Interest Rate Derivatives
Notional value	$ 75,000,000		$ 75,000,000		75,000,000
Interest rate	1.91%		1.91%
Designated as Hedging Instrument | Interest Rate, Swap Hedge, Type Twenty Eight [Member]
Derivatives and Hedging
Interest rate swap asset	$ 3,735,000		$ 3,735,000
Interest rate swap liability					(413,000)
Interest Rate Derivatives
Notional value	$ 200,000,000		$ 200,000,000		200,000,000
Interest rate	2.29%		2.29%
Designated as Hedging Instrument | Interest Rate, Swap Hedge, Type Twenty Nine [Member]
Derivatives and Hedging
Interest rate swap asset	$ 2,354,000		$ 2,354,000
Interest rate swap liability					(259,000)
Interest Rate Derivatives
Notional value	$ 125,000,000		$ 125,000,000		125,000,000
Interest rate	2.29%		2.29%
Designated as Hedging Instrument | Interest Rate, Swap Hedge, Type Thirty [Member]
Derivatives and Hedging
Interest rate swap asset	$ 3,066,000		$ 3,066,000		0
Interest Rate Derivatives
Notional value	$ 200,000,000		$ 200,000,000		0
Interest rate	2.38%		2.38%
Designated as Hedging Instrument | Interest Rate, Swap Hedge, Type Thirty One [Member]
Derivatives and Hedging
Interest rate swap asset	$ 1,542,000		$ 1,542,000		0
Interest Rate Derivatives
Notional value	$ 100,000,000		$ 100,000,000		0
Interest rate	2.38%		2.38%
Interest Expense
Interest Rate Derivatives
Amount reclassified from accumulated other comprehensive income into interest expense	$ 700,000	$ (2,000,000)	$ 300,000	$ (4,900,000)
Accounts payable and other liabilities | Interest rate swap
Derivatives and Hedging
Interest rate swap liability					(2,000,000)
Prepaid expenses and other assets | Interest rate swap
Derivatives and Hedging
Interest rate swap asset	$ 33,600,000		$ 33,600,000		$ 10,800,000

Fair Value (Details)

Fair Value (Details) - USD ($)	Jun. 30, 2018	Dec. 31, 2017
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Interest Rate Cash Flow Hedge Derivative at Fair Value, Net	$ 33,639,000	$ 8,846,000
Debt, net	2,569,066,000	2,880,488,000
Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Long-term Debt, Fair Value	2,559,732,000	2,861,022,000
Recurring | Interest rate swap
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Interest rate swap asset	33,639,000	10,827,000
Interest rate swap liability	0	(1,981,000)
Interest Rate Cash Flow Hedge Derivative at Fair Value, Net	33,639,000	8,846,000
Recurring | Level 1 | Interest rate swap
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Interest rate swap asset	0	0
Interest rate swap liability	0	0
Interest Rate Cash Flow Hedge Derivative at Fair Value, Net	0	0
Recurring | Level 2 | Interest rate swap
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Interest rate swap asset	33,639,000	10,827,000
Interest rate swap liability	0	(1,981,000)
Interest Rate Cash Flow Hedge Derivative at Fair Value, Net	33,639,000	8,846,000
Recurring | Level 3 | Interest rate swap
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Interest rate swap asset	0	0
Interest rate swap liability	0	0
Interest Rate Cash Flow Hedge Derivative at Fair Value, Net	0	0
Mortgages [Member] | Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Long-term Debt, Fair Value	642,570,000	643,078,000
Senior Notes [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Long-term Debt, Gross	507,685,000	1,062,716,000
Senior Notes [Member] | Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Long-term Debt, Fair Value	492,161,756	1,038,892,000
Unsecured Debt [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Unsecured Debt	1,418,282,000	1,170,954,000
Unsecured Debt [Member] | Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Long-term Debt, Fair Value	$ 1,425,000,000	$ 1,179,052,000

Income Taxes (Details)

Income Taxes (Details) - USD ($)	6 Months Ended
	Jun. 30, 2018	Dec. 31, 2017
Income Tax Disclosure [Abstract]
Minimum percent of adjusted taxable income to be distributed to shareholders to qualify as a REIT	90.00%
Accruals for tax uncertainties	$ 0	$ 0

Commitments and Contingencies (

Commitments and Contingencies (Details) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2018	Mar. 31, 2016	Jun. 30, 2018	Dec. 31, 2017	Jun. 30, 2017
Loss Contingencies [Line Items]
Wyndham NOI Guarantee over life of management agreement			$ 100,000,000
Pension Trust Litigation - Loss Contingency, Damages Sought		$ 8,300,000
Pension Trust Litigation - Loss Contingency Accrual	$ 4,800,000		4,800,000
Wyndham NOI Guarantee annual limit			21,500,000
Wyndham NOI Guarantee earned by the Company	2,400,000		$ 4,300,000
Minimum restricted cash reserve escrows to be maintained as a percentage of the hotel's revenue			3.00%
Maximum restricted cash reserve escrows to be maintained as percentage of hotel's revenue			5.00%
Restricted cash reserves for future capital expenditures, real estate taxes and insurance	$ 78,222,000		$ 78,222,000	$ 72,606,000	$ 60,697,000

Commitments and Contingencies50

Commitments and Contingencies (Management Agreements) (Details) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2018USD ($)hotel	Jun. 30, 2017USD ($)	Jun. 30, 2018USD ($)hotel	Jun. 30, 2017USD ($)
Other Commitments
Wyndham NOI Guarantee earned by the Company	$ 2.4		$ 4.3
Number of Hotel Properties Operated under Management Agreements | hotel	155		155
Management fee expense	$ 15.1	$ 11.1	$ 31	$ 21.6
Minimum
Other Commitments
Management Agreement Term			3 years
Base Management Fee as Percentage of Hotel Revenues			3.00%
Management Agreements which include Franchise Agreement, Base Management Fee as Percentage of Hotel Revenues			2.00%
Maximum
Other Commitments
Management Agreement Term			25 years
Base Management Fee as Percentage of Hotel Revenues			3.50%
Management Agreements which include Franchise Agreement, Base Management Fee as Percentage of Hotel Revenues			7.00%

Commitments and Contingencies51

Commitments and Contingencies (Franchise Agreements) (Details) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2018USD ($)hotel	Jun. 30, 2017USD ($)	Jun. 30, 2018USD ($)hotel	Jun. 30, 2017USD ($)
Other Commitments
Number of Hotel Properties Operated under Franchise Agreements | hotel	110		110
Franchise fee expense | $	$ 22.2	$ 18.5	$ 41.9	$ 35
Minimum
Other Commitments
Franchise Agreements Term			10 years
Franchise Agreements, Royalty Fee as Percentage of Room Revenue			4.00%
Franchise Agreements, Additional Fees for Marketing Central Reservation Systems and Other Franchisor Costs as Percentage of Room Revenue			1.00%
Maximum
Other Commitments
Franchise Agreements Term			30 years
Franchise Agreements, Royalty Fee as Percentage of Room Revenue			6.00%
Franchise Agreements, Additional Fees for Marketing Central Reservation Systems and Other Franchisor Costs as Percentage of Room Revenue			4.30%
Franchise Agreements, Royalty Fee as Percentage of Food and Beverage Revenue			3.00%

Equity (Details)

Equity (Details) - USD ($)	Aug. 31, 2017	Sep. 30, 2017	Jun. 30, 2018	Dec. 31, 2017	Feb. 17, 2017	Oct. 30, 2015
Equity, Class of Treasury Stock
Share repurchase program, authorized amount					$ 440,000,000	$ 400,000,000
Share repurchase program, additional authorized amount					$ 40,000,000
Preferred Stock, Shares Authorized			50,000,000	50,000,000
Common shares of beneficial interest, par value (in dollars per share)	$ 0.01		$ 0.01	$ 0.01
Share repurchase program, remaining authorized amount			$ 198,932,517
Series A Cumulative Preferred Stock [Member]
Equity, Class of Treasury Stock
Business Acquisition, Equity Interest Issued or Issuable, Number of Shares	12,879,475
Business Combination, Consideration Transferred, Equity Interests Issued and Issuable, Share Price	$ 28.49
Preferred Stock, Shares Authorized			12,950,000	12,950,000
Partnership Interest [Member]
Equity, Class of Treasury Stock
Business Combination, Consideration Transferred, Equity Interests Issued and Issuable, Share Price	$ 20.18
Business Acquisition, Common Units Issued or Issuable, Number of Units	215,152
Common Stock [Member]
Equity, Class of Treasury Stock
Business Acquisition, Equity Interest Issued or Issuable, Number of Shares	50,400,000
Business Combination, Consideration Transferred, Equity Interests Issued and Issuable, Share Price	$ 20.18
RLJ Lodging Trust [Member] | Series A Cumulative Preferred Stock [Member]
Equity, Class of Treasury Stock
Preferred Stock, Dividend Rate, Per-Dollar-Amount		$ 1.95

Equity Incentive Plan (Details)

Equity Incentive Plan (Details) - USD ($) $ / shares in Units, $ in Millions	1 Months Ended		3 Months Ended		6 Months Ended
	Feb. 28, 2018	Feb. 28, 2017	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017
Equity Incentive Plan
Maximum number of common shares available for issuance (in shares)			7,500,000		7,500,000
Other Disclosures
Common shares available for future grant (in shares)			3,005,780		3,005,780
Restricted share awards
Summary of non-vested shares/units
Unvested at the beginning of the period (in shares)					700,325
Granted (in shares)					458,207
Vested (in shares)					(138,803)
Forfeited (in shares)					(3,483)
Unvested at the end of the period (in shares)			1,016,246		1,016,246
Weighted Average Grant Date Fair Value
Unvested at the beginning of the period (in dollars per share)					$ 22.88
Granted (in dollars per share)					21.12
Vested (in dollars per share)					23.58
Forfeited (in dollars per share)					23.03
Unvested at the end of the period (in dollars per share)			$ 21.99		$ 21.99
Other Disclosures
Share-based compensation expense			$ 2.3	$ 2.7	$ 4.4	$ 4.7
Total unrecognized compensation costs			19.2		$ 19.2
Weighted-average period of recognition of unrecognized share-based compensation expense					2 years 8 months
Total fair value of shares vested					$ 3	3.2
2017 Performance Shares
Summary of non-vested shares/units
Granted (in shares)		259,000
Weighted Average Grant Date Fair Value
Granted (in dollars per share)		$ 14.93
Other Disclosures
Vesting period		4 years
Performance-based vesting period		3 years
Time-based vesting period		1 year
2018 Performance Shares
Summary of non-vested shares/units
Granted (in shares)	264,000
Weighted Average Grant Date Fair Value
Granted (in dollars per share)	$ 13.99
Other Disclosures
Vesting period	4 years
Performance-based vesting period	3 years
Time-based vesting period	1 year
Vesting percentage upon satisfaction of performance-based vesting period	50.00%
Vesting percentage upon satisfaction of time-based vesting period	50.00%
Fair value assumptions, risk free interest rate	2.42%
Fair value assumptions, expected volatility rate	27.44%
Percentage of grant date fair value to be recognized over three years	50.00%
Employee service share based compensation cost period of recognition	3 years
Percentage of grant date fair value to be recognized over four years	50.00%
Employee service share based compensation cost period of recognition	4 years
Performance Units
Other Disclosures
Share-based compensation expense			0.8	$ 0.4	1.3	$ 0.8
Total unrecognized compensation costs			$ 6.7		$ 6.7
Weighted-average period of recognition of unrecognized share-based compensation expense					2 years 7 months
Minimum | 2018 Performance Shares
Other Disclosures
Percentage of performance units that will convert into restricted shares	25.00%
Maximum | 2018 Performance Shares
Other Disclosures
Percentage of performance units that will convert into restricted shares	150.00%

Earnings per Common Share (Deta

Earnings per Common Share (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017
Earnings Per Share [Abstract]
Net Income (Loss) Attributable to Parent	$ 63,714	$ 42,246	$ 87,403	$ 64,004
Numerator:
Preferred Stock Dividends, Income Statement Impact	6,279	0	12,557	0
Less: Dividends paid on unvested restricted shares	(335)	(273)	(663)	(555)
Less: Undistributed Earnings allocated to unvested restricted shares	0	7	0	0
Net income attributable to common shareholders excluding amounts attributable to unvested restricted shares	$ 57,100	$ 41,966	$ 74,183	$ 63,449
Denominator:
Weighted-average number of common shares - basic (in shares)	174,238,854	123,785,735	174,216,387	123,760,096
Unvested restricted shares (in shares)	125,693	86,027	99,961	96,292
Weighted-average number of common shares - diluted (in shares)	174,364,547	123,871,762	174,316,348	123,856,388
Net income per share attributable to common shareholders - basic (in dollars per share)	$ 0.33	$ 0.34	$ 0.43	$ 0.51
Net income per share attributable to common shareholders - diluted (in dollars per share)	$ 0.33	$ 0.34	$ 0.43	$ 0.51

Supplemental Information to S55

Supplemental Information to Statements of Cash Flows (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Dec. 31, 2017	Dec. 31, 2016
Supplemental Cash Flow Elements [Abstract]
Cash and cash equivalents	$ 382,455	$ 479,879	$ 586,470
Restricted cash reserves	78,222	60,697	72,606
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents	460,677	540,576	$ 659,076	$ 523,878
Interest paid	65,290	26,793
Income taxes paid	3,382	1,107
In conjunction with the sale of hotel properties, the Company recorded the following:
Sale of hotel properties	120,200	0
Transaction costs	(2,546)	(30)
Operating prorations	(537)	0
Proceeds from the sale of hotel properties, net	117,117	(30)
Supplemental non-cash transactions
Accrued capital expenditures	$ 14,176	$ 0