$SVC
Service Properties Trust Stock $svc

$svc Overview Financials Valuation SEC Filings Company Website

2015 Q4 Form 10-K Financial Statement

#000094539417000017 Filed on March 01, 2017

Income Statement

Concept	2015 Q4	2015 Q3	2015 Q2
Revenue	$467.4M	$511.9M	$507.1M
YoY Change	8.58%	11.38%	12.21%
Cost Of Revenue	$273.3M	$308.6M	$304.4M
YoY Change	7.51%	10.37%	12.41%
Gross Profit	$194.1M	$203.3M	$202.6M
YoY Change	10.03%	12.88%	11.87%
Gross Profit Margin	41.52%	39.72%	39.96%
Selling, General & Admin	$56.00M	$19.80M	$12.70M
YoY Change	1144.44%	17.86%	-3.79%
% of Gross Profit	28.85%	9.74%	6.27%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization	$86.00M	$84.26M	$80.60M
YoY Change	8.59%	5.86%	2.33%
% of Gross Profit	44.31%	41.45%	39.78%
Operating Expenses	$141.9M	$104.0M	$93.30M
YoY Change	69.74%	7.77%	1.52%
Operating Profit	$52.20M	$98.34M	$109.3M
YoY Change	-43.75%	17.63%	22.77%
Interest Expense	-$34.30M	$36.63M	-$35.80M
YoY Change	-3.11%	-206.79%	-202.46%
% of Operating Profit	-65.71%	37.25%	-32.75%
Other Income/Expense, Net
YoY Change
Pretax Income	-$19.30M	$61.72M	$83.80M
YoY Change	-133.68%	25.45%	54.86%
Income Tax	$100.0K	$514.0K	$600.0K
% Of Pretax Income		0.83%	0.72%
Net Earnings	-$19.49M	$61.19M	$83.15M
YoY Change	-134.5%	24.36%	54.22%
Net Earnings / Revenue	-4.17%	11.95%	16.4%
Basic Earnings Per Share
Diluted Earnings Per Share	-$128.8K	$404.2K	$552.9K
COMMON SHARES
Basic Shares Outstanding		151.4M shares
Diluted Shares Outstanding		151.4M shares

Balance Sheet

Concept	2015 Q4	2015 Q3	2015 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments	$13.70M	$7.400M	$18.40M
YoY Change	16.1%	-61.26%	18.71%
Cash & Equivalents	$13.68M	$7.375M	$18.40M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables	$51.00M	$46.90M	$43.00M
Other Receivables	$0.00	$0.00	$0.00
Total Short-Term Assets	$64.70M	$54.30M	$61.40M
YoY Change	24.18%	-8.59%	12.04%
LONG-TERM ASSETS
Property, Plant & Equipment	$6.045B	$6.045B	$5.929B
YoY Change	6.53%	6.3%	4.13%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets	$51.20M	$44.30M	$39.10M
YoY Change	50.59%	44.77%	33.9%
Total Long-Term Assets	$6.330B	$6.440B	$6.340B
YoY Change	7.02%	8.58%	6.83%
TOTAL ASSETS
Total Short-Term Assets	$64.70M	$54.30M	$61.40M
Total Long-Term Assets	$6.330B	$6.440B	$6.340B
Total Assets	$6.395B	$6.495B	$6.401B
YoY Change	7.17%	8.41%	6.88%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable	$249.3M	$184.4M	$203.7M
YoY Change	115.66%	66.13%	54.32%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt	$0.00	$0.00	$0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities	$308.0M	$242.7M	$251.0M
YoY Change	100.26%	58.21%	47.56%
LONG-TERM LIABILITIES
Long-Term Debt	$3.275B	$3.276B	$3.141B
YoY Change	15.36%	15.55%	12.4%
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities	$3.275B	$3.276B	$3.141B
YoY Change	15.36%	15.55%	12.4%
TOTAL LIABILITIES
Total Short-Term Liabilities	$308.0M	$242.7M	$251.0M
Total Long-Term Liabilities	$3.275B	$3.276B	$3.141B
Total Liabilities	$3.583B	$3.519B	$3.392B
YoY Change	19.73%	17.74%	14.42%
SHAREHOLDERS EQUITY
Retained Earnings	$2.882B
YoY Change
Common Stock	$1.515M
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity	$2.812B	$2.976B	$3.010B
YoY Change
Total Liabilities & Shareholders Equity	$6.395B	$6.495B	$6.401B
YoY Change	6.89%	8.41%	6.88%

Cashflow Statement

Concept	2015 Q4	2015 Q3	2015 Q2
OPERATING ACTIVITIES
Net Income	-$19.49M	$61.19M	$83.15M
YoY Change	-134.5%	24.36%	54.22%
Depreciation, Depletion And Amortization	$86.00M	$84.26M	$80.60M
YoY Change	8.59%	5.86%	2.33%
Cash From Operating Activities	$156.0M	$122.8M	$156.0M
YoY Change	15.47%	12.15%	13.04%
INVESTING ACTIVITIES
Capital Expenditures	-$77.80M	-$187.6M	-$287.8M
YoY Change	8.81%	198.25%	151.35%
Acquisitions
YoY Change
Other Investing Activities	-$800.0K	$0.00	-$15.20M
YoY Change	-117.02%	-100.0%	360.61%
Cash From Investing Activities	-$78.50M	-$187.6M	-$303.0M
YoY Change	17.51%	188.17%	157.22%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities	-71.10M	53.70M	149.8M
YoY Change	-5.95%	-231.62%	-488.08%
NET CHANGE
Cash From Operating Activities	156.0M	122.8M	156.0M
Cash From Investing Activities	-78.50M	-187.6M	-303.0M
Cash From Financing Activities	-71.10M	53.70M	149.8M
Net Change In Cash	6.400M	-11.10M	2.800M
YoY Change	-187.67%	-408.33%	-115.22%
FREE CASH FLOW
Cash From Operating Activities	$156.0M	$122.8M	$156.0M
Capital Expenditures	-$77.80M	-$187.6M	-$287.8M
Free Cash Flow	$233.8M	$310.4M	$443.8M
YoY Change	13.17%	80.05%	75.76%

Facts In Submission

Frame	Concept Type	Concept / XBRL Key	Value	Unit
CY2016	dei	Amendment Flag AmendmentFlag	false
CY2016	dei	Current Fiscal Year End Date CurrentFiscalYearEndDate	--12-31
CY2016	dei	Document Fiscal Period Focus DocumentFiscalPeriodFocus	FY
CY2016	dei	Document Fiscal Year Focus DocumentFiscalYearFocus	2016
CY2016	dei	Document Period End Date DocumentPeriodEndDate	2016-12-31
CY2016	dei	Document Type DocumentType	10-K
CY2016	dei	Entity Central Index Key EntityCentralIndexKey	0000945394
CY2017Q1	dei	Entity Common Stock Shares Outstanding EntityCommonStockSharesOutstanding	164268199	shares
CY2016	dei	Entity Current Reporting Status EntityCurrentReportingStatus	Yes
CY2016	dei	Entity Filer Category EntityFilerCategory	Large Accelerated Filer
CY2016Q2	dei	Entity Public Float EntityPublicFloat	4300000000	USD
CY2016	dei	Entity Registrant Name EntityRegistrantName	HOSPITALITY PROPERTIES TRUST
CY2016	dei	Entity Voluntary Filers EntityVoluntaryFilers	No
CY2016	dei	Entity Well Known Seasoned Issuer EntityWellKnownSeasonedIssuer	Yes
CY2016	hpt	Accumulated Depreciation Related To Personal Property Excluded From Real Estate Gross AccumulatedDepreciationRelatedToPersonalPropertyExcludedFromRealEstateGross	336000	USD
CY2016	hpt	Average Remaining Term Management Agreement Leases AverageRemainingTermManagementAgreementLeases	P15Y2M12D
CY2014Q4	hpt	Business Combination Recognized Identifiable Assets Acquiredand Liabilities Assumed Land Improvements BusinessCombinationRecognizedIdentifiableAssetsAcquiredandLiabilitiesAssumedLandImprovements	0	USD
CY2015Q4	hpt	Business Combination Recognized Identifiable Assets Acquiredand Liabilities Assumed Land Improvements BusinessCombinationRecognizedIdentifiableAssetsAcquiredandLiabilitiesAssumedLandImprovements	93327000	USD
CY2016Q4	hpt	Business Combination Recognized Identifiable Assets Acquiredand Liabilities Assumed Land Improvements BusinessCombinationRecognizedIdentifiableAssetsAcquiredandLiabilitiesAssumedLandImprovements	24402000	USD
CY2015Q4	hpt	Cumulative Common Stock Distributions CumulativeCommonStockDistributions	4180272000	USD
CY2016Q4	hpt	Cumulative Common Stock Distributions CumulativeCommonStockDistributions	4494407000	USD
CY2015Q4	hpt	Cumulative Preferred Stock Distributions CumulativePreferredStockDistributions	321313000	USD
CY2016Q4	hpt	Cumulative Preferred Stock Distributions CumulativePreferredStockDistributions	341977000	USD
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CY2014	hpt	Finite Lived Intangible Liabilities Amortization Expense FiniteLivedIntangibleLiabilitiesAmortizationExpense	2392000	USD
CY2015	hpt	Finite Lived Intangible Liabilities Amortization Expense FiniteLivedIntangibleLiabilitiesAmortizationExpense	529000	USD
CY2016	hpt	Finite Lived Intangible Liabilities Amortization Expense FiniteLivedIntangibleLiabilitiesAmortizationExpense	455000	USD
CY2016	hpt	Finite Lived Intangible Liabilities Weighted Average Useful Life FiniteLivedIntangibleLiabilitiesWeightedAverageUsefulLife	P15Y
CY2015Q4	hpt	Furniture Fixtures And Equipment FurnitureFixturesAndEquipment	584445000	USD
CY2016Q4	hpt	Furniture Fixtures And Equipment FurnitureFixturesAndEquipment	614289000	USD
CY2014	hpt	Furniture Fixtures And Equipment Reserve Income FurnitureFixturesAndEquipmentReserveIncome	54265000	USD
CY2015	hpt	Furniture Fixtures And Equipment Reserve Income FurnitureFixturesAndEquipmentReserveIncome	67967000	USD
CY2016	hpt	Furniture Fixtures And Equipment Reserve Income FurnitureFixturesAndEquipmentReserveIncome	73956000	USD
CY2014	hpt	Furniture Fixtures And Equipment Reserve Income Leased Hotel Properties FurnitureFixturesAndEquipmentReserveIncomeLeasedHotelProperties	3503000	USD
CY2015	hpt	Furniture Fixtures And Equipment Reserve Income Leased Hotel Properties FurnitureFixturesAndEquipmentReserveIncomeLeasedHotelProperties	4135000	USD
CY2016	hpt	Furniture Fixtures And Equipment Reserve Income Leased Hotel Properties FurnitureFixturesAndEquipmentReserveIncomeLeasedHotelProperties	4508000	USD
CY2016Q4	hpt	Future Amortization Of Financing Costs After Year Five FutureAmortizationOfFinancingCostsAfterYearFive	3380000	USD
CY2016Q4	hpt	Future Amortization Of Financing Costs Year Five FutureAmortizationOfFinancingCostsYearFive	1612000	USD
CY2016Q4	hpt	Future Amortization Of Financing Costs Year Four FutureAmortizationOfFinancingCostsYearFour	2166000	USD
CY2016Q4	hpt	Future Amortization Of Financing Costs Year One FutureAmortizationOfFinancingCostsYearOne	4858000	USD
CY2016Q4	hpt	Future Amortization Of Financing Costs Year Three FutureAmortizationOfFinancingCostsYearThree	2416000	USD
CY2016Q4	hpt	Future Amortization Of Financing Costs Year Two FutureAmortizationOfFinancingCostsYearTwo	4205000	USD
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CY2016	hpt	Other Comprehensive Income Netof Tax Attributableto Parent OtherComprehensiveIncomeNetofTaxAttributabletoParent	62972000	USD
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CY2016Q4	hpt	Ownership Percentage Held In Subsidiary OwnershipPercentageHeldInSubsidiary	1
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CY2016Q4	us-gaap	Debt Instrument Fair Value DebtInstrumentFairValue	3199478000	USD
CY2015Q4	us-gaap	Debt Issuance Costs Line Of Credit Arrangements Gross DebtIssuanceCostsLineOfCreditArrangementsGross	7476000	USD
CY2016Q4	us-gaap	Debt Issuance Costs Line Of Credit Arrangements Gross DebtIssuanceCostsLineOfCreditArrangementsGross	7476000	USD
CY2014	us-gaap	Deferred Foreign Income Tax Expense Benefit DeferredForeignIncomeTaxExpenseBenefit	143000	USD
CY2015	us-gaap	Deferred Foreign Income Tax Expense Benefit DeferredForeignIncomeTaxExpenseBenefit	-69000	USD
CY2016	us-gaap	Deferred Foreign Income Tax Expense Benefit DeferredForeignIncomeTaxExpenseBenefit	9000	USD
CY2014	us-gaap	Deferred Income Tax Expense Benefit DeferredIncomeTaxExpenseBenefit	143000	USD
CY2015	us-gaap	Deferred Income Tax Expense Benefit DeferredIncomeTaxExpenseBenefit	-69000	USD
CY2016	us-gaap	Dividends Dividends	334799000	USD
CY2014	us-gaap	Dividends Common Stock Stock DividendsCommonStockStock	0	USD
CY2016	us-gaap	Deferred Income Tax Expense Benefit DeferredIncomeTaxExpenseBenefit	9000	USD
CY2015Q4	us-gaap	Deferred Tax Assets Gross DeferredTaxAssetsGross	145914000	USD
CY2016Q4	us-gaap	Deferred Tax Assets Gross DeferredTaxAssetsGross	145221000	USD
CY2015Q4	us-gaap	Deferred Tax Assets Net DeferredTaxAssetsNet	655000	USD
CY2016Q4	us-gaap	Deferred Tax Assets Net DeferredTaxAssetsNet	628000	USD
CY2015Q4	us-gaap	Deferred Tax Assets Operating Loss Carryforwards DeferredTaxAssetsOperatingLossCarryforwards	130314000	USD
CY2016Q4	us-gaap	Deferred Tax Assets Operating Loss Carryforwards DeferredTaxAssetsOperatingLossCarryforwards	129808000	USD
CY2015Q4	us-gaap	Deferred Tax Assets Other DeferredTaxAssetsOther	3723000	USD
CY2016Q4	us-gaap	Deferred Tax Assets Other DeferredTaxAssetsOther	3686000	USD
CY2015Q4	us-gaap	Deferred Tax Assets Tax Credit Carryforwards DeferredTaxAssetsTaxCreditCarryforwards	11877000	USD
CY2016Q4	us-gaap	Deferred Tax Assets Tax Credit Carryforwards DeferredTaxAssetsTaxCreditCarryforwards	11727000	USD
CY2015Q4	us-gaap	Deferred Tax Assets Valuation Allowance DeferredTaxAssetsValuationAllowance	145259000	USD
CY2016Q4	us-gaap	Deferred Tax Assets Valuation Allowance DeferredTaxAssetsValuationAllowance	144593000	USD
CY2015Q4	us-gaap	Deferred Tax Liabilities DeferredTaxLiabilities	8449000	USD
CY2016Q4	us-gaap	Deferred Tax Liabilities DeferredTaxLiabilities	8458000	USD
CY2015Q4	us-gaap	Deferred Tax Liabilities Property Plant And Equipment DeferredTaxLiabilitiesPropertyPlantAndEquipment	9104000	USD
CY2016Q4	us-gaap	Deferred Tax Liabilities Property Plant And Equipment DeferredTaxLiabilitiesPropertyPlantAndEquipment	9086000	USD
CY2014	us-gaap	Depreciation Depletion And Amortization DepreciationDepletionAndAmortization	315878000	USD
CY2015	us-gaap	Depreciation Depletion And Amortization DepreciationDepletionAndAmortization	329776000	USD
CY2016	us-gaap	Depreciation Depletion And Amortization DepreciationDepletionAndAmortization	357342000	USD
CY2014	us-gaap	Direct Costs Of Hotels DirectCostsOfHotels	1035138000	USD
CY2015	us-gaap	Direct Costs Of Hotels DirectCostsOfHotels	1143981000	USD
CY2016	us-gaap	Direct Costs Of Hotels DirectCostsOfHotels	1202538000	USD
CY2014	us-gaap	Dividends Dividends	312693000	USD
CY2015	us-gaap	Dividends Dividends	320627000	USD
CY2015	us-gaap	Dividends Common Stock Stock DividendsCommonStockStock	29911000	USD
CY2016	us-gaap	Dividends Common Stock Stock DividendsCommonStockStock	0	USD
CY2015Q4	us-gaap	Dividends Payable Current And Noncurrent DividendsPayableCurrentAndNoncurrent	5166000	USD
CY2016Q4	us-gaap	Dividends Payable Current And Noncurrent DividendsPayableCurrentAndNoncurrent	5166000	USD
CY2014	us-gaap	Dividends Preferred Stock DividendsPreferredStock	20664000	USD
CY2015	us-gaap	Dividends Preferred Stock DividendsPreferredStock	20664000	USD
CY2016	us-gaap	Dividends Preferred Stock DividendsPreferredStock	20664000	USD
CY2015Q4	us-gaap	Due From Related Parties DueFromRelatedParties	50987000	USD
CY2016Q4	us-gaap	Due From Related Parties DueFromRelatedParties	65332000	USD
CY2015Q4	us-gaap	Due To Affiliate Current And Noncurrent DueToAffiliateCurrentAndNoncurrent	69514000	USD
CY2016Q4	us-gaap	Due To Affiliate Current And Noncurrent DueToAffiliateCurrentAndNoncurrent	58475000	USD
CY2014	us-gaap	Earnings Per Share Basic And Diluted EarningsPerShareBasicAndDiluted	1.18
CY2015Q1	us-gaap	Earnings Per Share Basic And Diluted EarningsPerShareBasicAndDiluted	0.24
CY2015Q2	us-gaap	Earnings Per Share Basic And Diluted EarningsPerShareBasicAndDiluted	0.52
CY2015Q3	us-gaap	Earnings Per Share Basic And Diluted EarningsPerShareBasicAndDiluted	0.37
CY2015Q4	us-gaap	Earnings Per Share Basic And Diluted EarningsPerShareBasicAndDiluted	-0.16
CY2015	us-gaap	Earnings Per Share Basic And Diluted EarningsPerShareBasicAndDiluted	0.97
CY2016Q1	us-gaap	Earnings Per Share Basic And Diluted EarningsPerShareBasicAndDiluted	0.31
CY2016Q2	us-gaap	Earnings Per Share Basic And Diluted EarningsPerShareBasicAndDiluted	0.34
CY2016Q3	us-gaap	Earnings Per Share Basic And Diluted EarningsPerShareBasicAndDiluted	0.30
CY2016Q4	us-gaap	Earnings Per Share Basic And Diluted EarningsPerShareBasicAndDiluted	0.35
CY2016	us-gaap	Earnings Per Share Basic And Diluted EarningsPerShareBasicAndDiluted	1.30
CY2014	us-gaap	Effective Income Tax Rate Continuing Operations EffectiveIncomeTaxRateContinuingOperations	0.012
CY2015	us-gaap	Effective Income Tax Rate Continuing Operations EffectiveIncomeTaxRateContinuingOperations	0.009
CY2016	us-gaap	Effective Income Tax Rate Continuing Operations EffectiveIncomeTaxRateContinuingOperations	0.018
CY2014	us-gaap	Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate	0.35
CY2015	us-gaap	Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate	0.35
CY2016	us-gaap	Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate	0.35
CY2014	us-gaap	Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance	0.040
CY2015	us-gaap	Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance	0.037
CY2016	us-gaap	Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance	0.008
CY2014	us-gaap	Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential EffectiveIncomeTaxRateReconciliationForeignIncomeTaxRateDifferential	0.001
CY2015	us-gaap	Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential EffectiveIncomeTaxRateReconciliationForeignIncomeTaxRateDifferential	0.001
CY2016	us-gaap	Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential EffectiveIncomeTaxRateReconciliationForeignIncomeTaxRateDifferential	0.010
CY2014	us-gaap	Effective Income Tax Rate Reconciliation Other Adjustments EffectiveIncomeTaxRateReconciliationOtherAdjustments	-0.039
CY2015	us-gaap	Effective Income Tax Rate Reconciliation Other Adjustments EffectiveIncomeTaxRateReconciliationOtherAdjustments	-0.037
CY2016	us-gaap	Effective Income Tax Rate Reconciliation Other Adjustments EffectiveIncomeTaxRateReconciliationOtherAdjustments	-0.008
CY2014	us-gaap	Effective Income Tax Rate Reconciliation State And Local Income Taxes EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes	0.010
CY2015	us-gaap	Effective Income Tax Rate Reconciliation State And Local Income Taxes EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes	0.008
CY2016	us-gaap	Effective Income Tax Rate Reconciliation State And Local Income Taxes EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes	0.008
CY2014	us-gaap	Effective Income Tax Rate Reconciliation Tax Exempt Income EffectiveIncomeTaxRateReconciliationTaxExemptIncome	0.35
CY2015	us-gaap	Effective Income Tax Rate Reconciliation Tax Exempt Income EffectiveIncomeTaxRateReconciliationTaxExemptIncome	0.35
CY2016	us-gaap	Effective Income Tax Rate Reconciliation Tax Exempt Income EffectiveIncomeTaxRateReconciliationTaxExemptIncome	0.35
CY2015	us-gaap	Fair Value Of Assets Acquired FairValueOfAssetsAcquired	45042000	USD
CY2014	us-gaap	Gain Loss On Sale Of Properties GainLossOnSaleOfProperties	130000	USD
CY2015	us-gaap	Gain Loss On Sale Of Properties GainLossOnSaleOfProperties	11015000	USD
CY2016	us-gaap	Gain Loss On Sale Of Properties GainLossOnSaleOfProperties	0	USD
CY2014	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	45897000	USD
CY2015	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	109837000	USD
CY2016	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	99105000	USD
CY2014	us-gaap	Income Loss Before Gain Or Loss On Sale Of Properties Extraordinary Items And Cumulative Effects Of Accounting Changes IncomeLossBeforeGainOrLossOnSaleOfPropertiesExtraordinaryItemsAndCumulativeEffectsOfAccountingChanges	197055000	USD
CY2015	us-gaap	Income Loss Before Gain Or Loss On Sale Of Properties Extraordinary Items And Cumulative Effects Of Accounting Changes IncomeLossBeforeGainOrLossOnSaleOfPropertiesExtraordinaryItemsAndCumulativeEffectsOfAccountingChanges	155403000	USD
CY2016	us-gaap	Income Loss Before Gain Or Loss On Sale Of Properties Extraordinary Items And Cumulative Effects Of Accounting Changes IncomeLossBeforeGainOrLossOnSaleOfPropertiesExtraordinaryItemsAndCumulativeEffectsOfAccountingChanges	223110000	USD
CY2014	us-gaap	Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments	198906000	USD
CY2015	us-gaap	Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments	156948000	USD
CY2016	us-gaap	Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments	226993000	USD
CY2014	us-gaap	Income Loss From Equity Method Investments IncomeLossFromEquityMethodInvestments	94000	USD
CY2015	us-gaap	Income Loss From Equity Method Investments IncomeLossFromEquityMethodInvestments	21000	USD
CY2016	us-gaap	Income Loss From Equity Method Investments IncomeLossFromEquityMethodInvestments	137000	USD
CY2014	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	1945000	USD
CY2015	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	1566000	USD
CY2016	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	4020000	USD
CY2014	us-gaap	Income Taxes Paid IncomeTaxesPaid	4116000	USD
CY2015	us-gaap	Income Taxes Paid IncomeTaxesPaid	2444000	USD
CY2016	us-gaap	Income Taxes Paid IncomeTaxesPaid	2727000	USD
CY2014	us-gaap	Increase Decrease In Due From Related Parties IncreaseDecreaseInDueFromRelatedParties	609000	USD
CY2015	us-gaap	Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent	-41327000	USD
CY2016Q4	us-gaap	Real Estate And Accumulated Depreciation Initial Cost Of Buildings And Improvements RealEstateAndAccumulatedDepreciationInitialCostOfBuildingsAndImprovements	4995000000	USD
CY2015	us-gaap	Increase Decrease In Due From Related Parties IncreaseDecreaseInDueFromRelatedParties	2106000	USD
CY2016	us-gaap	Increase Decrease In Due From Related Parties IncreaseDecreaseInDueFromRelatedParties	1213000	USD
CY2014	us-gaap	Increase Decrease In Due To Affiliates IncreaseDecreaseInDueToAffiliates	-136000	USD
CY2015	us-gaap	Increase Decrease In Due To Affiliates IncreaseDecreaseInDueToAffiliates	62078000	USD
CY2016	us-gaap	Increase Decrease In Due To Affiliates IncreaseDecreaseInDueToAffiliates	-8515000	USD
CY2014	us-gaap	Increase Decrease In Other Operating Assets IncreaseDecreaseInOtherOperatingAssets	569000	USD
CY2015	us-gaap	Increase Decrease In Other Operating Assets IncreaseDecreaseInOtherOperatingAssets	-246000	USD
CY2016	us-gaap	Increase Decrease In Other Operating Assets IncreaseDecreaseInOtherOperatingAssets	190000	USD
CY2014	us-gaap	Increase Decrease In Other Operating Liabilities IncreaseDecreaseInOtherOperatingLiabilities	-7117000	USD
CY2015	us-gaap	Increase Decrease In Other Operating Liabilities IncreaseDecreaseInOtherOperatingLiabilities	362000	USD
CY2016	us-gaap	Increase Decrease In Other Operating Liabilities IncreaseDecreaseInOtherOperatingLiabilities	8752000	USD
CY2014	us-gaap	Interest And Other Income InterestAndOtherIncome	77000	USD
CY2015	us-gaap	Interest And Other Income InterestAndOtherIncome	44000	USD
CY2016	us-gaap	Interest And Other Income InterestAndOtherIncome	274000	USD
CY2014	us-gaap	Interest Expense InterestExpense	139486000	USD
CY2015	us-gaap	Interest Expense InterestExpense	144898000	USD
CY2016	us-gaap	Interest Expense InterestExpense	161913000	USD
CY2014	us-gaap	Interest Paid InterestPaid	139029000	USD
CY2015	us-gaap	Interest Paid InterestPaid	138892000	USD
CY2016	us-gaap	Interest Paid InterestPaid	146399000	USD
CY2015Q4	us-gaap	Investment Building And Building Improvements InvestmentBuildingAndBuildingImprovements	6151690000	USD
CY2016Q4	us-gaap	Investment Building And Building Improvements InvestmentBuildingAndBuildingImprovements	6538169000	USD
CY2015Q4	us-gaap	Land Land	1525637000	USD
CY2016Q4	us-gaap	Land Land	1563263000	USD
CY2015Q4	us-gaap	Liabilities Liabilities	3582715000	USD
CY2016Q4	us-gaap	Liabilities Liabilities	3504839000	USD
CY2015Q4	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	6394797000	USD
CY2016Q4	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	6634228000	USD
CY2015Q4	us-gaap	Line Of Credit LineOfCredit	465000000	USD
CY2016Q4	us-gaap	Line Of Credit LineOfCredit	191000000	USD
CY2016Q4	us-gaap	Long Term Debt Maturities Repayments Of Principal After Year Five LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFive	1858478000	USD
CY2016Q4	us-gaap	Long Term Debt Maturities Repayments Of Principal In Next Twelve Months LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths	0	USD
CY2016Q4	us-gaap	Long Term Debt Maturities Repayments Of Principal In Year Five LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive	400000000	USD
CY2016Q4	us-gaap	Long Term Debt Maturities Repayments Of Principal In Year Four LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour	0	USD
CY2016Q4	us-gaap	Long Term Debt Maturities Repayments Of Principal In Year Three LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree	400000000	USD
CY2016Q4	us-gaap	Long Term Debt Maturities Repayments Of Principal In Year Two LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo	541000000	USD
CY2014	us-gaap	Maturities Of Senior Debt MaturitiesOfSeniorDebt	580000000	USD
CY2015	us-gaap	Maturities Of Senior Debt MaturitiesOfSeniorDebt	0	USD
CY2016	us-gaap	Maturities Of Senior Debt MaturitiesOfSeniorDebt	575000000	USD
CY2014	us-gaap	Net Cash Provided By Used In Continuing Operations NetCashProvidedByUsedInContinuingOperations	-10666000	USD
CY2015	us-gaap	Net Cash Provided By Used In Continuing Operations NetCashProvidedByUsedInContinuingOperations	1848000	USD
CY2016	us-gaap	Net Cash Provided By Used In Continuing Operations NetCashProvidedByUsedInContinuingOperations	-2786000	USD
CY2014	us-gaap	Net Cash Provided By Used In Financing Activities Continuing Operations NetCashProvidedByUsedInFinancingActivitiesContinuingOperations	-191521000	USD
CY2015	us-gaap	Net Cash Provided By Used In Financing Activities Continuing Operations NetCashProvidedByUsedInFinancingActivitiesContinuingOperations	124794000	USD
CY2016	us-gaap	Net Cash Provided By Used In Financing Activities Continuing Operations NetCashProvidedByUsedInFinancingActivitiesContinuingOperations	-80950000	USD
CY2014	us-gaap	Net Cash Provided By Used In Investing Activities Continuing Operations NetCashProvidedByUsedInInvestingActivitiesContinuingOperations	-280890000	USD
CY2015	us-gaap	Net Cash Provided By Used In Investing Activities Continuing Operations NetCashProvidedByUsedInInvestingActivitiesContinuingOperations	-653839000	USD
CY2016	us-gaap	Net Cash Provided By Used In Investing Activities Continuing Operations NetCashProvidedByUsedInInvestingActivitiesContinuingOperations	-454356000	USD
CY2014	us-gaap	Net Cash Provided By Used In Operating Activities Continuing Operations NetCashProvidedByUsedInOperatingActivitiesContinuingOperations	461745000	USD
CY2015	us-gaap	Net Cash Provided By Used In Operating Activities Continuing Operations NetCashProvidedByUsedInOperatingActivitiesContinuingOperations	530893000	USD
CY2016	us-gaap	Net Cash Provided By Used In Operating Activities Continuing Operations NetCashProvidedByUsedInOperatingActivitiesContinuingOperations	532520000	USD
CY2014	us-gaap	Net Income Loss NetIncomeLoss	197185000	USD
CY2015Q1	us-gaap	Net Income Loss NetIncomeLoss	41581000	USD
CY2015Q2	us-gaap	Net Income Loss NetIncomeLoss	83146000	USD
CY2015Q3	us-gaap	Net Income Loss NetIncomeLoss	61185000	USD
CY2015Q4	us-gaap	Net Income Loss NetIncomeLoss	-19494000	USD
CY2015	us-gaap	Net Income Loss NetIncomeLoss	166418000	USD
CY2016Q1	us-gaap	Net Income Loss NetIncomeLoss	52051000	USD
CY2016Q2	us-gaap	Net Income Loss NetIncomeLoss	56061000	USD
CY2016Q3	us-gaap	Net Income Loss NetIncomeLoss	51812000	USD
CY2016Q4	us-gaap	Net Income Loss NetIncomeLoss	63186000	USD
CY2016	us-gaap	Net Income Loss NetIncomeLoss	223110000	USD
CY2014	us-gaap	Net Income Loss Available To Common Stockholders Basic NetIncomeLossAvailableToCommonStockholdersBasic	176521000	USD
CY2015Q1	us-gaap	Net Income Loss Available To Common Stockholders Basic NetIncomeLossAvailableToCommonStockholdersBasic	36415000	USD
CY2015Q2	us-gaap	Net Income Loss Available To Common Stockholders Basic NetIncomeLossAvailableToCommonStockholdersBasic	77980000	USD
CY2015Q3	us-gaap	Net Income Loss Available To Common Stockholders Basic NetIncomeLossAvailableToCommonStockholdersBasic	56019000	USD
CY2015Q4	us-gaap	Net Income Loss Available To Common Stockholders Basic NetIncomeLossAvailableToCommonStockholdersBasic	-24660000	USD
CY2015	us-gaap	Net Income Loss Available To Common Stockholders Basic NetIncomeLossAvailableToCommonStockholdersBasic	145754000	USD
CY2016Q1	us-gaap	Net Income Loss Available To Common Stockholders Basic NetIncomeLossAvailableToCommonStockholdersBasic	46885000	USD
CY2016Q2	us-gaap	Net Income Loss Available To Common Stockholders Basic NetIncomeLossAvailableToCommonStockholdersBasic	50895000	USD
CY2016Q3	us-gaap	Net Income Loss Available To Common Stockholders Basic NetIncomeLossAvailableToCommonStockholdersBasic	46646000	USD
CY2016Q4	us-gaap	Net Income Loss Available To Common Stockholders Basic NetIncomeLossAvailableToCommonStockholdersBasic	58020000	USD
CY2016	us-gaap	Net Income Loss Available To Common Stockholders Basic NetIncomeLossAvailableToCommonStockholdersBasic	202446000	USD
CY2014	us-gaap	Noncash Or Part Noncash Acquisition Fixed Assets Acquired1 NoncashOrPartNoncashAcquisitionFixedAssetsAcquired1	55562000	USD
CY2015	us-gaap	Noncash Or Part Noncash Acquisition Fixed Assets Acquired1 NoncashOrPartNoncashAcquisitionFixedAssetsAcquired1	57451000	USD
CY2016	us-gaap	Noncash Or Part Noncash Acquisition Fixed Assets Acquired1 NoncashOrPartNoncashAcquisitionFixedAssetsAcquired1	69380000	USD
CY2015	us-gaap	Noncash Or Part Noncash Divestiture Amount Of Consideration Received1 NoncashOrPartNoncashDivestitureAmountOfConsiderationReceived1	45042000	USD
CY2016Q4	us-gaap	Number Of Real Estate Properties NumberOfRealEstateProperties	504	property
CY2016	us-gaap	Number Of Reportable Segments NumberOfReportableSegments	2	segment
CY2014	us-gaap	Operating Income Loss OperatingIncomeLoss	339170000	USD
CY2015	us-gaap	Operating Income Loss OperatingIncomeLoss	335935000	USD
CY2016	us-gaap	Operating Income Loss OperatingIncomeLoss	386859000	USD
CY2016Q4	us-gaap	Operating Leases Future Minimum Payments Receivable OperatingLeasesFutureMinimumPaymentsReceivable	5611137000	USD
CY2016Q4	us-gaap	Operating Leases Future Minimum Payments Receivable Current OperatingLeasesFutureMinimumPaymentsReceivableCurrent	301188000	USD
CY2016Q4	us-gaap	Operating Leases Future Minimum Payments Receivable In Five Years OperatingLeasesFutureMinimumPaymentsReceivableInFiveYears	291484000	USD
CY2016Q4	us-gaap	Operating Leases Future Minimum Payments Receivable In Four Years OperatingLeasesFutureMinimumPaymentsReceivableInFourYears	291966000	USD
CY2016Q4	us-gaap	Operating Leases Future Minimum Payments Receivable In Three Years OperatingLeasesFutureMinimumPaymentsReceivableInThreeYears	301466000	USD
CY2016Q4	us-gaap	Operating Leases Future Minimum Payments Receivable In Two Years OperatingLeasesFutureMinimumPaymentsReceivableInTwoYears	301232000	USD
CY2016Q4	us-gaap	Operating Leases Future Minimum Payments Receivable Thereafter OperatingLeasesFutureMinimumPaymentsReceivableThereafter	4123801000	USD
CY2015Q4	us-gaap	Other Assets OtherAssets	234280000	USD
CY2016Q4	us-gaap	Other Assets OtherAssets	294279000	USD
CY2014	us-gaap	Other Comprehensive Income Availableforsale Securities Adjustment Net Of Tax Portion Attributable To Parent OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToParent	9849000	USD
CY2015	us-gaap	Other Comprehensive Income Availableforsale Securities Adjustment Net Of Tax Portion Attributable To Parent OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToParent	-41307000	USD
CY2016	us-gaap	Other Comprehensive Income Availableforsale Securities Adjustment Net Of Tax Portion Attributable To Parent OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToParent	54954000	USD
CY2014	us-gaap	Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent	9852000	USD
CY2015	us-gaap	Payments Of Dividends Preferred Stock And Preference Stock PaymentsOfDividendsPreferredStockAndPreferenceStock	20664000	USD
CY2016	us-gaap	Payments Of Dividends Preferred Stock And Preference Stock PaymentsOfDividendsPreferredStockAndPreferenceStock	20664000	USD
CY2014	us-gaap	Payments Of Financing Costs PaymentsOfFinancingCosts	6899000	USD
CY2015	us-gaap	Payments Of Financing Costs PaymentsOfFinancingCosts	1157000	USD
CY2016	us-gaap	Payments Of Financing Costs PaymentsOfFinancingCosts	6106000	USD
CY2014	us-gaap	Payments To Acquire Businesses And Interest In Affiliates PaymentsToAcquireBusinessesAndInterestInAffiliates	0	USD
CY2015	us-gaap	Payments To Acquire Businesses And Interest In Affiliates PaymentsToAcquireBusinessesAndInterestInAffiliates	15955000	USD
CY2016	us-gaap	Payments To Acquire Businesses And Interest In Affiliates PaymentsToAcquireBusinessesAndInterestInAffiliates	0	USD
CY2016	us-gaap	Proceeds From Issuance Of Senior Long Term Debt ProceedsFromIssuanceOfSeniorLongTermDebt	737612000	USD
CY2014	us-gaap	Proceeds From Lines Of Credit ProceedsFromLinesOfCredit	783000000	USD
CY2015	us-gaap	Proceeds From Lines Of Credit ProceedsFromLinesOfCredit	702000000	USD
CY2016	us-gaap	Proceeds From Lines Of Credit ProceedsFromLinesOfCredit	764000000	USD
CY2014	us-gaap	Proceeds From Sale Of Real Estate Heldforinvestment ProceedsFromSaleOfRealEstateHeldforinvestment	4288000	USD
CY2015	us-gaap	Proceeds From Sale Of Real Estate Heldforinvestment ProceedsFromSaleOfRealEstateHeldforinvestment	0	USD
CY2016	us-gaap	Proceeds From Sale Of Real Estate Heldforinvestment ProceedsFromSaleOfRealEstateHeldforinvestment	0	USD
CY2014	us-gaap	Payments To Acquire Equity Method Investments PaymentsToAcquireEquityMethodInvestments	825000	USD
CY2015	us-gaap	Payments To Acquire Equity Method Investments PaymentsToAcquireEquityMethodInvestments	0	USD
CY2016	us-gaap	Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent	55106000	USD
CY2014	us-gaap	Other Interest And Dividend Income OtherInterestAndDividendIncome	0	USD
CY2015	us-gaap	Other Interest And Dividend Income OtherInterestAndDividendIncome	2640000	USD
CY2016	us-gaap	Other Interest And Dividend Income OtherInterestAndDividendIncome	2001000	USD
CY2015Q4	us-gaap	Other Liabilities OtherLiabilities	179783000	USD
CY2016Q4	us-gaap	Other Liabilities OtherLiabilities	188053000	USD
CY2014	us-gaap	Other Noncash Income Expense OtherNoncashIncomeExpense	-2020000	USD
CY2015	us-gaap	Other Noncash Income Expense OtherNoncashIncomeExpense	364000	USD
CY2016	us-gaap	Other Noncash Income Expense OtherNoncashIncomeExpense	3250000	USD
CY2014	us-gaap	Payments For Capital Improvements PaymentsForCapitalImprovements	224621000	USD
CY2015	us-gaap	Payments For Capital Improvements PaymentsForCapitalImprovements	180703000	USD
CY2016	us-gaap	Payments For Capital Improvements PaymentsForCapitalImprovements	187652000	USD
CY2014	us-gaap	Payments For Repurchase Of Common Stock PaymentsForRepurchaseOfCommonStock	0	USD
CY2015	us-gaap	Payments For Repurchase Of Common Stock PaymentsForRepurchaseOfCommonStock	418000	USD
CY2016	us-gaap	Payments For Repurchase Of Common Stock PaymentsForRepurchaseOfCommonStock	613000	USD
CY2014	us-gaap	Payments Of Dividends Common Stock PaymentsOfDividendsCommonStock	292029000	USD
CY2015	us-gaap	Payments Of Dividends Common Stock PaymentsOfDividendsCommonStock	299967000	USD
CY2016	us-gaap	Payments Of Dividends Common Stock PaymentsOfDividendsCommonStock	314135000	USD
CY2014	us-gaap	Payments Of Dividends Preferred Stock And Preference Stock PaymentsOfDividendsPreferredStockAndPreferenceStock	20664000	USD
CY2016	us-gaap	Payments To Acquire Equity Method Investments PaymentsToAcquireEquityMethodInvestments	0	USD
CY2014	us-gaap	Payments To Acquire Real Estate PaymentsToAcquireRealEstate	60000000	USD
CY2015	us-gaap	Payments To Acquire Real Estate PaymentsToAcquireRealEstate	449882000	USD
CY2016	us-gaap	Payments To Acquire Real Estate PaymentsToAcquireRealEstate	262955000	USD
CY2014	us-gaap	Percentage Rent PercentageRent	2896000	USD
CY2015	us-gaap	Percentage Rent PercentageRent	2048000	USD
CY2016	us-gaap	Percentage Rent PercentageRent	1303000	USD
CY2015Q4	us-gaap	Preferred Stock No Par Value PreferredStockNoParValue	0
CY2016Q4	us-gaap	Preferred Stock No Par Value PreferredStockNoParValue	0
CY2015Q4	us-gaap	Preferred Stock Shares Authorized PreferredStockSharesAuthorized	100000000	shares
CY2016Q4	us-gaap	Preferred Stock Shares Authorized PreferredStockSharesAuthorized	100000000	shares
CY2016Q3	us-gaap	Proceeds From Issuance Of Common Stock ProceedsFromIssuanceOfCommonStock	371956000	USD
CY2014	us-gaap	Proceeds From Issuance Of Common Stock ProceedsFromIssuanceOfCommonStock	0	USD
CY2015	us-gaap	Proceeds From Issuance Of Common Stock ProceedsFromIssuanceOfCommonStock	0	USD
CY2016	us-gaap	Proceeds From Issuance Of Common Stock ProceedsFromIssuanceOfCommonStock	371956000	USD
CY2014	us-gaap	Proceeds From Issuance Of Senior Long Term Debt ProceedsFromIssuanceOfSeniorLongTermDebt	690071000	USD
CY2015	us-gaap	Proceeds From Issuance Of Senior Long Term Debt ProceedsFromIssuanceOfSeniorLongTermDebt	0	USD
CY2016Q4	us-gaap	Real Estate And Accumulated Depreciation Initial Cost Of Land RealEstateAndAccumulatedDepreciationInitialCostOfLand	1539000000	USD
CY2014	us-gaap	Real Estate Cost Of Real Estate Sold RealEstateCostOfRealEstateSold	12981000	USD
CY2015	us-gaap	Real Estate Cost Of Real Estate Sold RealEstateCostOfRealEstateSold	71319000	USD
CY2013Q4	us-gaap	Real Estate Accumulated Depreciation RealEstateAccumulatedDepreciation	1513482000	USD
CY2014Q4	us-gaap	Real Estate Accumulated Depreciation RealEstateAccumulatedDepreciation	1727032000	USD
CY2015Q4	us-gaap	Real Estate Accumulated Depreciation RealEstateAccumulatedDepreciation	1938823000	USD
CY2016Q4	us-gaap	Real Estate Accumulated Depreciation RealEstateAccumulatedDepreciation	2177847000	USD
CY2016Q4	us-gaap	Real Estate And Accumulated Depreciation Carrying Amount Of Land RealEstateAndAccumulatedDepreciationCarryingAmountOfLand	1539000000	USD
CY2016Q4	us-gaap	Real Estate And Accumulated Depreciation Costs Capitalized Subsequent To Acquisition Improvements RealEstateAndAccumulatedDepreciationCostsCapitalizedSubsequentToAcquisitionImprovements	1844000000	USD
CY2014	us-gaap	Revenue From Leased And Owned Hotels RevenueFromLeasedAndOwnedHotels	1474757000	USD
CY2016Q4	us-gaap	Real Estate Accumulated Depreciation RealEstateAccumulatedDepreciation	2178000000	USD
CY2014	us-gaap	Real Estate Accumulated Depreciation Real Estate Sold RealEstateAccumulatedDepreciationRealEstateSold	8699000	USD
CY2015	us-gaap	Real Estate Accumulated Depreciation Real Estate Sold RealEstateAccumulatedDepreciationRealEstateSold	27150000	USD
CY2016	us-gaap	Real Estate Accumulated Depreciation Real Estate Sold RealEstateAccumulatedDepreciationRealEstateSold	31261000	USD
CY2016Q4	us-gaap	Real Estate And Accumulated Depreciation Carrying Amount Of Buildings And Improvements RealEstateAndAccumulatedDepreciationCarryingAmountOfBuildingsAndImprovements	6569000000	USD
CY2016	us-gaap	Real Estate Cost Of Real Estate Sold RealEstateCostOfRealEstateSold	31261000	USD
CY2016Q4	us-gaap	Real Estate Federal Income Tax Basis RealEstateFederalIncomeTaxBasis	5852922000	USD
CY2013Q4	us-gaap	Real Estate Gross At Carrying Value RealEstateGrossAtCarryingValue	6825627000	USD
CY2014Q4	us-gaap	Real Estate Gross At Carrying Value RealEstateGrossAtCarryingValue	7090078000	USD
CY2015Q4	us-gaap	Real Estate Gross At Carrying Value RealEstateGrossAtCarryingValue	7684059000	USD
CY2016Q4	us-gaap	Real Estate Gross At Carrying Value RealEstateGrossAtCarryingValue	8108000000	USD
CY2016Q4	us-gaap	Real Estate Gross At Carrying Value RealEstateGrossAtCarryingValue	8108171000	USD
CY2015Q4	us-gaap	Real Estate Investment Property Accumulated Depreciation RealEstateInvestmentPropertyAccumulatedDepreciation	2217135000	USD
CY2016Q4	us-gaap	Real Estate Investment Property Accumulated Depreciation RealEstateInvestmentPropertyAccumulatedDepreciation	2512456000	USD
CY2015Q4	us-gaap	Real Estate Investment Property At Cost RealEstateInvestmentPropertyAtCost	8261772000	USD
CY2016Q4	us-gaap	Real Estate Investment Property At Cost RealEstateInvestmentPropertyAtCost	8715721000	USD
CY2015Q4	us-gaap	Real Estate Investment Property Net RealEstateInvestmentPropertyNet	6044637000	USD
CY2016Q4	us-gaap	Real Estate Investment Property Net RealEstateInvestmentPropertyNet	6203265000	USD
CY2014	us-gaap	Real Estate Revenue Net RealEstateRevenueNet	258062000	USD
CY2015	us-gaap	Real Estate Revenue Net RealEstateRevenueNet	283115000	USD
CY2016	us-gaap	Real Estate Revenue Net RealEstateRevenueNet	312377000	USD
CY2014	us-gaap	Repayments Of Lines Of Credit RepaymentsOfLinesOfCredit	765000000	USD
CY2015	us-gaap	Repayments Of Lines Of Credit RepaymentsOfLinesOfCredit	255000000	USD
CY2016	us-gaap	Repayments Of Lines Of Credit RepaymentsOfLinesOfCredit	1038000000	USD
CY2015Q4	us-gaap	Replacement Reserve Escrow ReplacementReserveEscrow	51211000	USD
CY2016Q4	us-gaap	Replacement Reserve Escrow ReplacementReserveEscrow	60456000	USD
CY2015Q4	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	2881657000	USD
CY2016Q4	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	3104767000	USD
CY2015	us-gaap	Revenue From Leased And Owned Hotels RevenueFromLeasedAndOwnedHotels	1634654000	USD
CY2016	us-gaap	Revenue From Leased And Owned Hotels RevenueFromLeasedAndOwnedHotels	1730326000	USD
CY2014	us-gaap	Revenues Revenues	1736322000	USD
CY2015Q1	us-gaap	Revenues Revenues	435512000	USD
CY2015Q2	us-gaap	Revenues Revenues	507066000	USD
CY2015Q3	us-gaap	Revenues Revenues	511886000	USD
CY2015Q4	us-gaap	Revenues Revenues	467440000	USD
CY2015	us-gaap	Revenues Revenues	1921904000	USD
CY2016Q1	us-gaap	Revenues Revenues	474118000	USD
CY2016Q2	us-gaap	Revenues Revenues	550299000	USD
CY2016Q3	us-gaap	Revenues Revenues	543516000	USD
CY2016Q4	us-gaap	Revenues Revenues	479278000	USD
CY2016	us-gaap	Revenues Revenues	2047211000	USD
CY2014	us-gaap	Sec Schedule Iii Real Estate Accumulated Depreciation Depreciation Expense SECScheduleIIIRealEstateAccumulatedDepreciationDepreciationExpense	222249000	USD
CY2015	us-gaap	Sec Schedule Iii Real Estate Accumulated Depreciation Depreciation Expense SECScheduleIIIRealEstateAccumulatedDepreciationDepreciationExpense	238941000	USD
CY2016	us-gaap	Sec Schedule Iii Real Estate Accumulated Depreciation Depreciation Expense SECScheduleIIIRealEstateAccumulatedDepreciationDepreciationExpense	270285000	USD
CY2015Q4	us-gaap	Security Deposit Liability SecurityDepositLiability	53579000	USD
CY2016Q4	us-gaap	Security Deposit Liability SecurityDepositLiability	89338000	USD
CY2015Q4	us-gaap	Senior Notes SeniorNotes	2403439000	USD
CY2016Q4	us-gaap	Senior Notes SeniorNotes	2565908000	USD
CY2014	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Forfeited In Period ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeitedInPeriod	0	shares
CY2015	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Forfeited In Period ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeitedInPeriod	1190	shares
CY2016	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Forfeited In Period ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeitedInPeriod	0	shares
CY2014	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Forfeitures Weighted Average Grant Date Fair Value ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeituresWeightedAverageGrantDateFairValue	0.00
CY2015	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Forfeitures Weighted Average Grant Date Fair Value ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeituresWeightedAverageGrantDateFairValue	0.00
CY2016	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Forfeitures Weighted Average Grant Date Fair Value ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeituresWeightedAverageGrantDateFairValue	0.00
CY2014	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod	92225	shares
CY2015	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod	91250	shares
CY2016	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod	91600	shares
CY2014	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period Weighted Average Grant Date Fair Value ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodWeightedAverageGrantDateFairValue	28.61
CY2015	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period Weighted Average Grant Date Fair Value ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodWeightedAverageGrantDateFairValue	26.32
CY2016	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period Weighted Average Grant Date Fair Value ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodWeightedAverageGrantDateFairValue	28.15
CY2013Q4	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber	145365	shares
CY2014Q4	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber	150192	shares
CY2015Q4	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber	147004	shares
CY2016Q4	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber	148535	shares
CY2013Q4	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Weighted Average Grant Date Fair Value ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue	27.55
CY2014Q4	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Weighted Average Grant Date Fair Value ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue	28.52
CY2015Q4	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Weighted Average Grant Date Fair Value ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue	25.95
CY2016Q4	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Weighted Average Grant Date Fair Value ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue	29.40
CY2014	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod	87398	shares
CY2015	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod	93248	shares
CY2016	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod	90069	shares
CY2014	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period Weighted Average Grant Date Fair Value ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodWeightedAverageGrantDateFairValue	28.69
CY2015	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period Weighted Average Grant Date Fair Value ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodWeightedAverageGrantDateFairValue	27.16
CY2016	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period Weighted Average Grant Date Fair Value ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodWeightedAverageGrantDateFairValue	28.07
CY2014	us-gaap	Stock Granted During Period Value Sharebased Compensation StockGrantedDuringPeriodValueSharebasedCompensation	2508000	USD
CY2015	us-gaap	Stock Granted During Period Value Sharebased Compensation StockGrantedDuringPeriodValueSharebasedCompensation	2532000	USD
CY2016	us-gaap	Stock Granted During Period Value Sharebased Compensation StockGrantedDuringPeriodValueSharebasedCompensation	2547000	USD
CY2014	us-gaap	Stock Issued During Period Value New Issues StockIssuedDuringPeriodValueNewIssues	6446000	USD
CY2015	us-gaap	Stock Issued During Period Value New Issues StockIssuedDuringPeriodValueNewIssues	45262000	USD
CY2016	us-gaap	Stock Issued During Period Value New Issues StockIssuedDuringPeriodValueNewIssues	371956000	USD
CY2015	us-gaap	Stock Repurchased During Period Value StockRepurchasedDuringPeriodValue	418000	USD
CY2016	us-gaap	Stock Repurchased During Period Value StockRepurchasedDuringPeriodValue	613000	USD
CY2013Q4	us-gaap	Stockholders Equity StockholdersEquity	3086855000	USD
CY2014Q4	us-gaap	Stockholders Equity StockholdersEquity	2990153000	USD
CY2015Q4	us-gaap	Stockholders Equity StockholdersEquity	2812082000	USD
CY2016Q4	us-gaap	Stockholders Equity StockholdersEquity	3129389000	USD
CY2014	us-gaap	Straight Line Rent StraightLineRent	2111000	USD
CY2015	us-gaap	Straight Line Rent StraightLineRent	9568000	USD
CY2016	us-gaap	Straight Line Rent StraightLineRent	13570000	USD
CY2015Q4	us-gaap	Unsecured Debt UnsecuredDebt	397756000	USD
CY2016Q4	us-gaap	Unsecured Debt UnsecuredDebt	398421000	USD
CY2015Q4	us-gaap	Variable Interest Entity Consolidated Carrying Amount Assets VariableInterestEntityConsolidatedCarryingAmountAssets	26559000	USD
CY2016Q4	us-gaap	Variable Interest Entity Consolidated Carrying Amount Assets VariableInterestEntityConsolidatedCarryingAmountAssets	26676000	USD
CY2015Q4	us-gaap	Variable Interest Entity Consolidated Carrying Amount Liabilities VariableInterestEntityConsolidatedCarryingAmountLiabilities	68921000	USD
CY2016Q4	us-gaap	Variable Interest Entity Consolidated Carrying Amount Liabilities VariableInterestEntityConsolidatedCarryingAmountLiabilities	101602000	USD
CY2014	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	149817000	shares
CY2015	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	151002000	shares
CY2016	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	156088000	shares
CY2014	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	149652000	shares
CY2015	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	150709000	shares
CY2016	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	156062000	shares
CY2014	us-gaap	Write Off Of Deferred Debt Issuance Cost WriteOffOfDeferredDebtIssuanceCost	855000	USD
CY2015	us-gaap	Write Off Of Deferred Debt Issuance Cost WriteOffOfDeferredDebtIssuanceCost	0	USD
CY2016	us-gaap	Write Off Of Deferred Debt Issuance Cost WriteOffOfDeferredDebtIssuanceCost	228000	USD
CY2016	us-gaap	Nature Of Operations NatureOfOperations	<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-bottom:12px;padding-top:12px;font-size:10pt;"><font style="font-family:Times New Roman;font-size:10pt;font-style:normal;font-weight:bold;text-decoration:none;">Organization</font></div><div style="line-height:120%;padding-bottom:16px;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Hospitality Properties Trust, or we, our or us, is a real estate investment trust, or REIT, organized on February 7, 1995, under the laws of the State of Maryland, which invests in hotels and travel related real estate. At </font><font style="font-family:inherit;font-size:10pt;">December 31, 2016</font><font style="font-family:inherit;font-size:10pt;">, we, directly and through subsidiaries, owned </font><font style="font-family:inherit;font-size:10pt;">306</font><font style="font-family:inherit;font-size:10pt;"> hotels and </font><font style="font-family:inherit;font-size:10pt;">198</font><font style="font-family:inherit;font-size:10pt;"> travel centers.</font></div><div style="line-height:120%;padding-bottom:16px;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">At </font><font style="font-family:inherit;font-size:10pt;">December 31, 2016</font><font style="font-family:inherit;font-size:10pt;">, our properties were leased, managed or operated by subsidiaries of the following companies: Marriott International, Inc., or Marriott, InterContinental Hotels Group, plc, or InterContinental, Sonesta International Hotels Corporation, or Sonesta, Wyndham Hotel Group, or Wyndham, Hyatt Hotels Corporation, or Hyatt, Carlson Hotels Worldwide, or Carlson, Morgans Hotel Group, or Morgans, and TravelCenters of America LLC, or TA. Hereinafter these companies are sometimes referred to as managers and/or tenants.</font></div></div><div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Business and Property Management Agreements with RMR LLC</font></div><div style="line-height:120%;padding-bottom:16px;padding-top:16px;text-align:left;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">We have no employees. The personnel and various services we require to operate our business are provided to us by RMR LLC. We have two agreements with RMR LLC to provide management services to us: (1) a business management agreement, which relates to our business generally, and (2) a property management agreement, which relates to our property level operations of the office building component of one of our hotels. See Note 10 for further information regarding our relationship, agreements and transactions with RMR LLC.</font></div><div style="line-height:120%;padding-bottom:16px;padding-top:16px;text-align:left;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Fees. </font><font style="font-family:inherit;font-size:10pt;">Our management agreements with RMR LLC provide for an annual base management fee, an annual incentive management fee and property management and construction supervision fees, payable in cash: </font></div><table cellpadding="0" cellspacing="0" style="padding-top:8px;padding-bottom:8px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:72px;" rowspan="1" colspan="1"></td><td rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:top" rowspan="1" colspan="1"><div style="line-height:120%;font-size:10pt;padding-left:48px;"><font style="font-family:inherit;font-size:10pt;">•</font></div></td><td style="vertical-align:top;" rowspan="1" colspan="1"><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Base Management Fee</font><font style="font-family:inherit;font-size:10pt;">. The annual base management fee payable to RMR LLC by us for each applicable period is equal to the lesser of:</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:96px;" rowspan="1" colspan="1"></td><td rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:top" rowspan="1" colspan="1"><div style="line-height:120%;font-size:10pt;padding-left:72px;"><font style="font-family:inherit;font-size:10pt;">◦</font></div></td><td style="vertical-align:top;" rowspan="1" colspan="1"><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">the sum of (a) </font><font style="font-family:inherit;font-size:10pt;">0.7%</font><font style="font-family:inherit;font-size:10pt;"> of the average aggregate historical cost of our real estate investments up to </font><font style="font-family:inherit;font-size:10pt;">$250,000</font><font style="font-family:inherit;font-size:10pt;">, plus (b) </font><font style="font-family:inherit;font-size:10pt;">0.5%</font><font style="font-family:inherit;font-size:10pt;"> of the average aggregate historical cost of our real estate investments exceeding </font><font style="font-family:inherit;font-size:10pt;">$250,000</font><font style="font-family:inherit;font-size:10pt;">; and</font></div></td></tr></table><div style="line-height:120%;text-align:left;padding-left:96px;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:96px;" rowspan="1" colspan="1"></td><td rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:top" rowspan="1" colspan="1"><div style="line-height:120%;font-size:10pt;padding-left:72px;"><font style="font-family:inherit;font-size:10pt;">◦</font></div></td><td style="vertical-align:top;" rowspan="1" colspan="1"><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">the sum of (a) </font><font style="font-family:inherit;font-size:10pt;">0.7%</font><font style="font-family:inherit;font-size:10pt;"> of the average closing price per share of our common shares on the applicable stock exchange on which such shares are principally traded, during such period, multiplied by the average number of our common shares outstanding during such period, plus the daily weighted average of the aggregate liquidation preference of each class of our preferred shares outstanding during such period, plus the daily weighted average of the aggregate principal amount of our consolidated indebtedness during such period, or, together, our Average Market Capitalization, up to </font><font style="font-family:inherit;font-size:10pt;">$250,000</font><font style="font-family:inherit;font-size:10pt;">, plus (b) </font><font style="font-family:inherit;font-size:10pt;">0.5%</font><font style="font-family:inherit;font-size:10pt;"> of our Average Market Capitalization exceeding </font><font style="font-family:inherit;font-size:10pt;">$250,000</font><font style="font-family:inherit;font-size:10pt;">.</font></div></td></tr></table><div style="line-height:120%;padding-bottom:8px;padding-top:8px;text-align:left;padding-left:72px;text-indent:0px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The average aggregate historical cost of our real estate investments includes our consolidated assets invested, directly or indirectly, in equity interests in or loans secured by real estate and personal property owned in connection with such real estate (including acquisition related costs and costs which may be allocated to intangibles or are unallocated), all before reserves for depreciation, amortization, impairment charges or bad debts or other similar non-cash reserves.</font></div><table cellpadding="0" cellspacing="0" style="padding-top:8px;padding-bottom:8px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:72px;" rowspan="1" colspan="1"></td><td rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:top" rowspan="1" colspan="1"><div style="line-height:120%;font-size:10pt;padding-left:48px;"><font style="font-family:inherit;font-size:10pt;">•</font></div></td><td style="vertical-align:top;" rowspan="1" colspan="1"><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Incentive Fee</font><font style="font-family:inherit;font-size:10pt;">. The incentive fee which may be earned by RMR LLC for an annual period is calculated as follows:</font><font style="font-family:inherit;font-size:10pt;"><sup style="vertical-align:top;line-height:120%;font-size:7pt"> </sup> </font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:96px;" rowspan="1" colspan="1"></td><td rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:top" rowspan="1" colspan="1"><div style="line-height:120%;font-size:10pt;padding-left:72px;"><font style="font-family:inherit;font-size:10pt;">◦</font></div></td><td style="vertical-align:top;" rowspan="1" colspan="1"><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">An amount, subject to a cap based on the value of our common shares outstanding, equal to </font><font style="font-family:inherit;font-size:10pt;">12%</font><font style="font-family:inherit;font-size:10pt;"> of the product of: </font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-top:8px;padding-bottom:8px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:120px;" rowspan="1" colspan="1"></td><td rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:top" rowspan="1" colspan="1"><div style="line-height:120%;font-size:10pt;padding-left:96px;"><font style="font-family:inherit;font-size:10pt;">- </font></div></td><td style="vertical-align:top;" rowspan="1" colspan="1"><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">our equity market capitalization on the last trading day of the year immediately prior to the relevant measurement period, and</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-top:8px;padding-bottom:8px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:120px;" rowspan="1" colspan="1"></td><td rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:top" rowspan="1" colspan="1"><div style="line-height:120%;font-size:10pt;padding-left:96px;"><font style="font-family:inherit;font-size:10pt;">- </font></div></td><td style="vertical-align:top;" rowspan="1" colspan="1"><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">the amount (expressed as a percentage) by which the total returns per share realized by our common shareholders (i.e., share price appreciation plus dividends) exceeds the total shareholder return of the SNL U.S. REIT Hotel Index (in each case subject to certain adjustments) for the relevant measurement period.</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:96px;" rowspan="1" colspan="1"></td><td rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:top" rowspan="1" colspan="1"><div style="line-height:120%;font-size:10pt;padding-left:72px;"><font style="font-family:inherit;font-size:10pt;">◦</font></div></td><td style="vertical-align:top;" rowspan="1" colspan="1"><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The measurement periods are generally </font><font style="font-family:inherit;font-size:10pt;">three</font><font style="font-family:inherit;font-size:10pt;"> year periods ending with the year for which the incentive fee is being calculated, with shorter periods applicable in the case of the calculation of the incentive fee for 2015 (</font><font style="font-family:inherit;font-size:10pt;">two years</font><font style="font-family:inherit;font-size:10pt;">) and 2014 (</font><font style="font-family:inherit;font-size:10pt;">one year</font><font style="font-family:inherit;font-size:10pt;">). </font></div></td></tr></table><div style="line-height:120%;text-align:left;padding-left:96px;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:96px;" rowspan="1" colspan="1"></td><td rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:top" rowspan="1" colspan="1"><div style="line-height:120%;font-size:10pt;padding-left:72px;"><font style="font-family:inherit;font-size:10pt;">◦</font></div></td><td style="vertical-align:top;" rowspan="1" colspan="1"><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The benchmark return per share is adjusted if our total return per share exceeds </font><font style="font-family:inherit;font-size:10pt;">12%</font><font style="font-family:inherit;font-size:10pt;"> per year in any measurement period and, generally, no incentive management fee is payable by us unless our total return per share during the measurement period is positive.</font></div></td></tr></table><div style="line-height:120%;text-align:left;padding-left:96px;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:96px;" rowspan="1" colspan="1"></td><td rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:top" rowspan="1" colspan="1"><div style="line-height:120%;font-size:10pt;padding-left:72px;"><font style="font-family:inherit;font-size:10pt;">◦</font></div></td><td style="vertical-align:top;" rowspan="1" colspan="1"><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The incentive management fee is subject to a cap equal to the value of </font><font style="font-family:inherit;font-size:10pt;">1.5%</font><font style="font-family:inherit;font-size:10pt;"> of the number of our common shares then outstanding multiplied by the average closing price of our common shares during the </font><font style="font-family:inherit;font-size:10pt;">10</font><font style="font-family:inherit;font-size:10pt;"> consecutive trading days having the highest average closing prices during the final </font><font style="font-family:inherit;font-size:10pt;">30</font><font style="font-family:inherit;font-size:10pt;"> trading days of the relevant measurement period.</font></div></td></tr></table><div style="line-height:120%;text-align:left;padding-left:96px;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:96px;" rowspan="1" colspan="1"></td><td rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:top" rowspan="1" colspan="1"><div style="line-height:120%;font-size:10pt;padding-left:72px;"><font style="font-family:inherit;font-size:10pt;">◦</font></div></td><td style="vertical-align:top;" rowspan="1" colspan="1"><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">If our financial statements are restated due to material non-compliance with any financial reporting requirements under the securities laws as a result of the bad faith, fraud, willful misconduct or gross negligence of RMR LLC, for one or more periods in respect of which RMR LLC received an incentive management fee, the incentive management fee payable with respect to periods for which there has been a restatement shall be recalculated by, and approved by a majority vote of, our Independent Trustees, and RMR LLC may be required to pay us an amount equal to the value in excess of that which RMR LLC would have received based upon the incentive management fee as recalculated, either in cash or our common shares.</font></div></td></tr></table><div style="line-height:120%;text-align:left;padding-left:96px;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><table cellpadding="0" cellspacing="0" style="padding-bottom:16px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:72px;" rowspan="1" colspan="1"></td><td rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:top" rowspan="1" colspan="1"><div style="line-height:120%;font-size:10pt;padding-left:48px;"><font style="font-family:inherit;font-size:10pt;">•</font></div></td><td style="vertical-align:top;" rowspan="1" colspan="1"><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Property Management and Construction Supervision Fees. </font><font style="font-family:inherit;font-size:10pt;">The property management fees payable to RMR LLC by us for each applicable period are equal to </font><font style="font-family:inherit;font-size:10pt;">3%</font><font style="font-family:inherit;font-size:10pt;"> of gross collected rents and the construction supervision fees payable to RMR LLC by us for each applicable period are equal to </font><font style="font-family:inherit;font-size:10pt;">5%</font><font style="font-family:inherit;font-size:10pt;"> of construction costs for the office building component of one of our hotels that is subject to our property management agreement with RMR LLC.</font></div></td></tr></table><div style="line-height:120%;padding-bottom:16px;padding-top:16px;text-align:left;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Pursuant to our business management agreement with RMR LLC, we recognized net business management fees of </font><font style="font-family:inherit;font-size:10pt;">$36,802</font><font style="font-family:inherit;font-size:10pt;">, </font><font style="font-family:inherit;font-size:10pt;">$37,331</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;">$37,509</font><font style="font-family:inherit;font-size:10pt;"> for the years ended December 31, 2016, 2015 and 2014, respectively. The net business management fees we recognized are included in general and administrative expenses in our consolidated statements of comprehensive income for these periods. The net business management fees we recognized for the years ended December 31, 2016 and 2015 reflect a reduction of </font><font style="font-family:inherit;font-size:10pt;">$3,585</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;">$2,038</font><font style="font-family:inherit;font-size:10pt;">, respectively, for the amortization of the liability we recorded in connection with the Up-C Transaction, as further described in Note 2 under “—</font><font style="font-family:inherit;font-size:10pt;font-style:italic;">Available for sale securities</font><font style="font-family:inherit;font-size:10pt;">”. </font></div><div style="line-height:120%;padding-bottom:16px;padding-top:16px;text-align:left;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In accordance with the then applicable terms of our business management agreement, we issued </font><font style="font-family:inherit;font-size:10pt;">63,119</font><font style="font-family:inherit;font-size:10pt;"> of our common shares to RMR LLC for the period from January 1, 2015 through May 31, 2015, and we issued </font><font style="font-family:inherit;font-size:10pt;">119,664</font><font style="font-family:inherit;font-size:10pt;"> of our common shares to RMR LLC for the year ended December 31, 2014, in each case as payment for a part of the business management fee we recognized for the applicable period. Beginning June 1, 2015, all management fees under our business management agreement are paid in cash.</font></div><div style="line-height:120%;padding-bottom:16px;padding-top:16px;text-align:left;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Pursuant to our business management agreement, in January 2017 and 2016, we paid RMR LLC an incentive fee of </font><font style="font-family:inherit;font-size:10pt;">$52,407</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;">$62,263</font><font style="font-family:inherit;font-size:10pt;"> for the years ended December 31, 2016 and 2015, respectively. No incentive fee was payable to RMR LLC for the year ended December 31, 2014. In accordance with the then applicable terms of our business management agreement, in March 2014, we issued </font><font style="font-family:inherit;font-size:10pt;">102,536</font><font style="font-family:inherit;font-size:10pt;"> of our common shares to RMR LLC in payment of the incentive fee due to RMR LLC for the year ended December 31, 2013.</font></div><div style="line-height:120%;padding-bottom:16px;padding-top:16px;text-align:left;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Pursuant to our property management agreement with RMR LLC, we recognized aggregate net property management and construction supervision fees of </font><font style="font-family:inherit;font-size:10pt;">$64</font><font style="font-family:inherit;font-size:10pt;">, </font><font style="font-family:inherit;font-size:10pt;">$33</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;">$41</font><font style="font-family:inherit;font-size:10pt;"> for the years ended December 31, 2016, 2015 and 2014, respectively. These amounts are included in hotel operating expenses in our consolidated statements of comprehensive income.</font></div><div style="line-height:120%;padding-bottom:16px;padding-top:16px;text-align:left;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Expense Reimbursement. </font><font style="font-family:inherit;font-size:10pt;">We are generally responsible for all of our operating expenses, including certain expenses incurred by RMR LLC on our behalf. Our property level operating expenses are generally incorporated into rents charged to our tenants, including certain payroll and related costs incurred by RMR LLC. We reimbursed RMR LLC </font><font style="font-family:inherit;font-size:10pt;">$171</font><font style="font-family:inherit;font-size:10pt;">, </font><font style="font-family:inherit;font-size:10pt;">$134</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;">$75</font><font style="font-family:inherit;font-size:10pt;"> for property management related expenses related to the office building component of one of our hotels for the years ended December 31, 2016, 2015 and 2014, respectively. These amounts are included in hotel operating expenses in our consolidated statements of comprehensive income for these periods. We are generally not responsible for payment of RMR LLC’s employment, office or administrative expenses incurred to provide management services to us, except for the employment and related expenses of RMR LLC employees assigned to work exclusively or partly at the office building component of one of our hotels, our share of the wages, benefits and other related costs of centralized accounting personnel and our share of RMR LLC’s costs for providing our internal audit function. Our Audit Committee appoints our Director of Internal Audit and our Compensation Committee approves the costs of our internal audit function. The amounts recognized as expense for internal audit costs were </font><font style="font-family:inherit;font-size:10pt;">$235</font><font style="font-family:inherit;font-size:10pt;">, </font><font style="font-family:inherit;font-size:10pt;">$254</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;">$281</font><font style="font-family:inherit;font-size:10pt;"> for the years ended December 31, 2016, 2015 and 2014, respectively. These amounts are included in general and administrative expenses in our consolidated statements of comprehensive income for these periods.</font></div><div style="line-height:120%;padding-bottom:16px;padding-top:16px;text-align:left;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Term. </font><font style="font-family:inherit;font-size:10pt;">Our management agreements with RMR LLC have terms that end on December 31, 2036, and automatically extend on December 31st of each year for an additional year, so that the terms of our management agreements thereafter end on the 20th anniversary of the date of the extension.</font></div><div style="line-height:120%;padding-bottom:16px;padding-top:16px;text-align:left;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Termination Rights</font><font style="font-family:inherit;font-size:10pt;">. We have the right to terminate one or both of our management agreements with RMR LLC: (1) at any time on </font><font style="font-family:inherit;font-size:10pt;">60</font><font style="font-family:inherit;font-size:10pt;"> days’ written notice for convenience, (2) immediately on written notice for cause, as defined therein, (3) on </font><font style="font-family:inherit;font-size:10pt;">60</font><font style="font-family:inherit;font-size:10pt;"> days’ written notice given within </font><font style="font-family:inherit;font-size:10pt;">60</font><font style="font-family:inherit;font-size:10pt;"> days after the end of an applicable calendar year for a performance reason, as defined therein, and (4) by written notice during the </font><font style="font-family:inherit;font-size:10pt;">12 months</font><font style="font-family:inherit;font-size:10pt;"> following a change of control of RMR LLC, as defined therein. RMR LLC has the right to terminate the management agreements for good reason, as defined therein.</font></div><div style="line-height:120%;padding-bottom:16px;padding-top:16px;text-align:left;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Termination Fee</font><font style="font-family:inherit;font-size:10pt;">. If we terminate one or both of our management agreements with RMR LLC for convenience, or if RMR LLC terminates one or both of our management agreements for good reason, we have agreed to pay RMR LLC a termination fee in an amount equal to the sum of the present values of the monthly future fees, as defined therein, for the terminated management agreement(s) for the term that was remaining prior to such termination, which, depending on the time of termination would be between </font><font style="font-family:inherit;font-size:10pt;">19</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;">20</font><font style="font-family:inherit;font-size:10pt;"> years. If we terminate one or both of our management agreements with RMR LLC for a performance reason, we have agreed to pay RMR LLC the termination fee calculated as described above, but assuming a </font><font style="font-family:inherit;font-size:10pt;">10</font><font style="font-family:inherit;font-size:10pt;"> year term was remaining prior to the termination. We are not required to pay any termination fee if we terminate our management agreements with RMR LLC for cause or as a result of a change of control of RMR LLC.</font></div><div style="line-height:120%;padding-bottom:16px;padding-top:16px;text-align:left;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Transition Services.</font><font style="font-family:inherit;font-size:10pt;"> RMR LLC has agreed to provide certain transition services to us for </font><font style="font-family:inherit;font-size:10pt;">120 days</font><font style="font-family:inherit;font-size:10pt;"> following an applicable termination by us or notice of termination by RMR LLC, including cooperating with us and using commercially reasonable efforts to facilitate the orderly transfer of the management and real estate investment services provided under our business management agreement and to facilitate the orderly transfer of the management of the managed properties, as applicable.</font></div><div style="line-height:120%;padding-bottom:16px;padding-top:16px;text-align:left;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Vendors. </font><font style="font-family:inherit;font-size:10pt;">Pursuant to our management agreements with RMR LLC, RMR LLC may from time to time negotiate on our behalf with certain third party vendors and suppliers for the procurement of goods and services to us. As part of this arrangement, we may enter agreements with RMR LLC and other companies to which RMR LLC provides management services for the purpose of obtaining more favorable terms from such vendors and suppliers.</font></div></div>
CY2016	us-gaap	Use Of Estimates UseOfEstimates	<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Use of Estimates.</font><font style="font-family:inherit;font-size:10pt;">  The preparation of financial statements in conformity with GAAP requires us to make estimates and assumptions that affect reported amounts. Actual results could differ from those estimates. Significant estimates in our consolidated financial statements include the allowance for doubtful accounts, purchase price allocations, useful lives of real estate and impairment of long lived assets.</font></div><div style="line-height:120%;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></div>

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$SVC
Service Properties Trust Stock $svc

2015 Q4 Form 10-K Financial Statement

#000094539417000017 Filed on March 01, 2017

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$SVC Service Properties Trust Stock $svc

2015 Q4 Form 10-K Financial Statement

#000094539417000017 Filed on March 01, 2017

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$SVC
Service Properties Trust Stock $svc