$SVC
Service Properties Trust Stock $svc

$svc Overview Financials Valuation SEC Filings Company Website

2017 Form 10-K Financial Statement

#000094539418000005 Filed on March 01, 2018

Income Statement

Concept	2017	2016 Q4	2016 Q3
Revenue	$2.172B	$479.3M	$543.5M
YoY Change	6.09%	2.53%	6.18%
Cost Of Revenue	$1.275B	$279.3M	$322.0M
YoY Change	6.0%	2.2%	4.34%
Gross Profit	$897.3M	$200.0M	$221.5M
YoY Change	6.23%	3.04%	8.95%
Gross Profit Margin	41.31%	41.73%	40.75%
Selling, General & Admin	$125.4M	$8.000M	$37.70M
YoY Change	26.54%	-85.71%	90.4%
% of Gross Profit	13.98%	4.0%	17.02%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization	$386.7M	$91.10M	$90.14M
YoY Change	8.2%	5.93%	6.98%
% of Gross Profit	43.09%	45.55%	40.69%
Operating Expenses	$512.2M	$99.10M	$127.9M
YoY Change	12.2%	-30.16%	22.98%
Operating Profit	$380.3M	$100.9M	$93.47M
YoY Change	-1.69%	93.3%	-4.95%
Interest Expense	$181.6M	-$36.70M	$41.28M
YoY Change	12.15%	7.0%	12.7%
% of Operating Profit	47.74%	-36.37%	44.16%
Other Income/Expense, Net
YoY Change
Pretax Income	$211.3M	$63.70M	$52.75M
YoY Change	-6.93%	-430.05%	-14.54%
Income Tax	-$3.284M	$500.0K	$948.0K
% Of Pretax Income	-1.55%	0.78%	1.8%
Net Earnings	$215.1M	$63.19M	$51.81M
YoY Change	-3.57%	-424.13%	-15.32%
Net Earnings / Revenue	9.91%	13.18%	9.53%
Basic Earnings Per Share
Diluted Earnings Per Share	$1.310M	$384.9K	$329.3K
COMMON SHARES
Basic Shares Outstanding	164.1M shares	164.3M shares	157.2M shares
Diluted Shares Outstanding	164.2M shares		157.3M shares

Balance Sheet

Concept	2017	2016 Q4	2016 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments	$24.10M	$10.90M	$9.500M
YoY Change	121.1%	-20.44%	28.38%
Cash & Equivalents	$24.10M	$10.90M	$9.534M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables	$78.50M	$65.30M	$62.90M
Other Receivables	$0.00	$0.00	$0.00
Total Short-Term Assets	$102.6M	$76.20M	$72.40M
YoY Change	34.65%	17.77%	33.33%
LONG-TERM ASSETS
Property, Plant & Equipment	$6.643B	$6.209B	$6.161B
YoY Change	6.99%	2.73%	1.92%
Goodwill
YoY Change
Intangibles		$108.5M
YoY Change
Long-Term Investments
YoY Change
Other Assets	$73.40M	$60.50M	$60.60M
YoY Change	21.32%	18.16%	36.79%
Total Long-Term Assets	$7.048B	$6.558B	$6.514B
YoY Change	7.47%	3.6%	1.14%
TOTAL ASSETS
Total Short-Term Assets	$102.6M	$76.20M	$72.40M
Total Long-Term Assets	$7.048B	$6.558B	$6.514B
Total Assets	$7.150B	$6.634B	$6.586B
YoY Change	7.78%	3.74%	1.41%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable	$266.1M	$246.5M	$219.7M
YoY Change	7.95%	-1.12%	19.14%
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	$392.2M	$341.0M	$313.4M
YoY Change	15.01%	10.71%	29.13%
LONG-TERM LIABILITIES
Long-Term Debt	$4.001B	$3.164B	$3.121B
YoY Change	26.46%	-3.39%	-4.73%
Other Long-Term Liabilities	$1.700M
YoY Change
Total Long-Term Liabilities	$4.003B	$3.164B	$3.121B
YoY Change	26.52%	-3.39%	-4.73%
TOTAL LIABILITIES
Total Short-Term Liabilities	$392.2M	$341.0M	$313.4M
Total Long-Term Liabilities	$4.003B	$3.164B	$3.121B
Total Liabilities	$4.395B	$3.505B	$3.435B
YoY Change	25.4%	-2.17%	-2.39%
SHAREHOLDERS EQUITY
Retained Earnings		$3.105B	$3.042B
YoY Change		7.74%
Common Stock		$1.643M	$1.643M
YoY Change		8.45%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity	$2.755B	$3.129B	$3.151B
YoY Change
Total Liabilities & Shareholders Equity	$7.150B	$6.634B	$6.586B
YoY Change	7.78%	3.74%	1.41%

Cashflow Statement

Concept	2017	2016 Q4	2016 Q3
OPERATING ACTIVITIES
Net Income	$215.1M	$63.19M	$51.81M
YoY Change	-3.57%	-424.13%	-15.32%
Depreciation, Depletion And Amortization	$386.7M	$91.10M	$90.14M
YoY Change	8.2%	5.93%	6.98%
Cash From Operating Activities	$628.5M	$172.4M	$128.6M
YoY Change	3.47%	10.51%	4.72%
INVESTING ACTIVITIES
Capital Expenditures	-$725.8M	-$123.2M	-$46.30M
YoY Change	61.07%	58.35%	-75.32%
Acquisitions
YoY Change
Other Investing Activities	-$69.30M	$0.00	$0.00
YoY Change	-0.14%	-100.0%
Cash From Investing Activities	-$795.1M	-$123.2M	-$46.30M
YoY Change	52.91%	56.94%	-75.32%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net	$533.0K		$372.2M
YoY Change	-100.14%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities	$192.8M	-48.00M	-93.10M
YoY Change	-338.12%	-32.49%	-273.37%
NET CHANGE
Cash From Operating Activities	$628.5M	172.4M	128.6M
Cash From Investing Activities	-$795.1M	-123.2M	-46.30M
Cash From Financing Activities	$192.8M	-48.00M	-93.10M
Net Change In Cash	$26.14M	1.200M	-10.80M
YoY Change	304.77%	-81.25%	-2.7%
FREE CASH FLOW
Cash From Operating Activities	$628.5M	$172.4M	$128.6M
Capital Expenditures	-$725.8M	-$123.2M	-$46.30M
Free Cash Flow	$1.354B	$295.6M	$174.9M
YoY Change	28.01%	26.43%	-43.65%

Facts In Submission

Frame	Concept Type	Concept / XBRL Key	Value	Unit
CY2017	dei	Amendment Flag AmendmentFlag	false
CY2017	dei	Current Fiscal Year End Date CurrentFiscalYearEndDate	--12-31
CY2017	dei	Document Fiscal Period Focus DocumentFiscalPeriodFocus	FY
CY2017	dei	Document Fiscal Year Focus DocumentFiscalYearFocus	2017
CY2017	dei	Document Period End Date DocumentPeriodEndDate	2017-12-31
CY2017	dei	Document Type DocumentType	10-K
CY2017	dei	Entity Central Index Key EntityCentralIndexKey	0000945394
CY2018Q1	dei	Entity Common Stock Shares Outstanding EntityCommonStockSharesOutstanding	164345747	shares
CY2017	dei	Entity Current Reporting Status EntityCurrentReportingStatus	Yes
CY2017	dei	Entity Filer Category EntityFilerCategory	Large Accelerated Filer
CY2017Q4	dei	Entity Number Of Employees EntityNumberOfEmployees	0	employee
CY2017Q2	dei	Entity Public Float EntityPublicFloat	4700000000	USD
CY2017	dei	Entity Registrant Name EntityRegistrantName	HOSPITALITY PROPERTIES TRUST
CY2017	dei	Entity Voluntary Filers EntityVoluntaryFilers	No
CY2017	dei	Entity Well Known Seasoned Issuer EntityWellKnownSeasonedIssuer	Yes
CY2017	hpt	Accumulated Depreciation Related To Personal Property Excluded From Real Estate Gross AccumulatedDepreciationRelatedToPersonalPropertyExcludedFromRealEstateGross	375000	USD
CY2017Q4	hpt	Asset Acquisition Recognized Identifiable Assets Acquired And Liabilities Assumed Building And Improvements AssetAcquisitionRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedBuildingAndImprovements	448345000	USD
CY2017Q4	hpt	Asset Acquisition Recognized Identifiable Assets Acquired And Liabilities Assumed Furniture Fixtures And Equipment AssetAcquisitionRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedFurnitureFixturesAndEquipment	35252000	USD
CY2017Q4	hpt	Asset Acquisition Recognized Identifiable Assets Acquired And Liabilities Assumed Intangible Assets AssetAcquisitionRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedIntangibleAssets	2682000	USD
CY2017Q4	hpt	Asset Acquisition Recognized Identifiable Assets Acquired And Liabilities Assumed Land AssetAcquisitionRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedLand	104438000	USD
CY2017Q4	hpt	Asset Acquisition Recognized Identifiable Assets Acquired And Liabilities Assumed Land Improvements AssetAcquisitionRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedLandImprovements	15337000	USD
CY2017	hpt	Average Remaining Term Management Agreement Leases AverageRemainingTermManagementAgreementLeases	P14Y6M
CY2015Q4	hpt	Business Combination And Asset Acquisition Building And Improvements Acquired BusinessCombinationAndAssetAcquisitionBuildingAndImprovementsAcquired	321573000	USD
CY2016Q4	hpt	Business Combination And Asset Acquisition Building And Improvements Acquired BusinessCombinationAndAssetAcquisitionBuildingAndImprovementsAcquired	181332000	USD
CY2015Q4	hpt	Business Combination And Asset Acquisition Furniture Fixtures And Equipment Acquired BusinessCombinationAndAssetAcquisitionFurnitureFixturesAndEquipmentAcquired	16873000	USD
CY2016Q4	hpt	Business Combination And Asset Acquisition Furniture Fixtures And Equipment Acquired BusinessCombinationAndAssetAcquisitionFurnitureFixturesAndEquipmentAcquired	11385000	USD
CY2015Q4	hpt	Business Combination And Asset Acquisition Intangible Assets Acquired BusinessCombinationAndAssetAcquisitionIntangibleAssetsAcquired	261000	USD
CY2016Q4	hpt	Business Combination And Asset Acquisition Intangible Assets Acquired BusinessCombinationAndAssetAcquisitionIntangibleAssetsAcquired	0	USD
CY2015Q4	hpt	Business Combination And Asset Acquisition Land Acquired BusinessCombinationAndAssetAcquisitionLandAcquired	60849000	USD
CY2016Q4	hpt	Business Combination And Asset Acquisition Land Acquired BusinessCombinationAndAssetAcquisitionLandAcquired	37619000	USD
CY2015Q4	hpt	Business Combination And Asset Acquisition Land Improvements Acquired BusinessCombinationAndAssetAcquisitionLandImprovementsAcquired	93327000	USD
CY2016Q4	hpt	Business Combination And Asset Acquisition Land Improvements Acquired BusinessCombinationAndAssetAcquisitionLandImprovementsAcquired	24402000	USD
CY2016Q4	hpt	Cumulative Common Stock Distributions CumulativeCommonStockDistributions	4494407000	USD
CY2017Q4	hpt	Cumulative Common Stock Distributions CumulativeCommonStockDistributions	4834491000	USD
CY2016Q4	hpt	Cumulative Preferred Stock Distributions CumulativePreferredStockDistributions	341977000	USD
CY2017Q4	hpt	Cumulative Preferred Stock Distributions CumulativePreferredStockDistributions	343412000	USD
CY2017Q4	hpt	Deferred Gain To Be Recognized In Future Periods Gain Recognized Thereafter DeferredGainToBeRecognizedInFuturePeriodsGainRecognizedThereafter	46666000	USD
CY2017Q4	hpt	Deferred Gain To Be Recognized In Future Periods Gain Recognized Year Five DeferredGainToBeRecognizedInFuturePeriodsGainRecognizedYearFive	3585000	USD
CY2017Q4	hpt	Deferred Gain To Be Recognized In Future Periods Gain Recognized Year Four DeferredGainToBeRecognizedInFuturePeriodsGainRecognizedYearFour	3585000	USD
CY2017Q4	hpt	Deferred Gain To Be Recognized In Future Periods Gain Recognized Year One DeferredGainToBeRecognizedInFuturePeriodsGainRecognizedYearOne	3585000	USD
CY2017Q4	hpt	Deferred Gain To Be Recognized In Future Periods Gain Recognized Year Three DeferredGainToBeRecognizedInFuturePeriodsGainRecognizedYearThree	3585000	USD
CY2017Q4	hpt	Deferred Gain To Be Recognized In Future Periods Gain Recognized Year Two DeferredGainToBeRecognizedInFuturePeriodsGainRecognizedYearTwo	3585000	USD
CY2015	hpt	Effective Income Tax Rate Reconciliation Tax Credit Minimum Tax Refund Percent EffectiveIncomeTaxRateReconciliationTaxCreditMinimumTaxRefundPercent	0.000
CY2016	hpt	Effective Income Tax Rate Reconciliation Tax Credit Minimum Tax Refund Percent EffectiveIncomeTaxRateReconciliationTaxCreditMinimumTaxRefundPercent	0.000
CY2017	hpt	Effective Income Tax Rate Reconciliation Tax Credit Minimum Tax Refund Percent EffectiveIncomeTaxRateReconciliationTaxCreditMinimumTaxRefundPercent	0.026
CY2015	hpt	Effective Income Tax Rate Reconciliation Tax Cuts And Jobs Act Of2017 Percent EffectiveIncomeTaxRateReconciliationTaxCutsAndJobsActOf2017Percent	0.000
CY2016	hpt	Effective Income Tax Rate Reconciliation Tax Cuts And Jobs Act Of2017 Percent EffectiveIncomeTaxRateReconciliationTaxCutsAndJobsActOf2017Percent	0.000
CY2017	hpt	Effective Income Tax Rate Reconciliation Tax Cuts And Jobs Act Of2017 Percent EffectiveIncomeTaxRateReconciliationTaxCutsAndJobsActOf2017Percent	0.218
CY2017	hpt	Finite Lived Intangible Assets Weighted Average Useful Life1 FiniteLivedIntangibleAssetsWeightedAverageUsefulLife1	P6Y
CY2015	hpt	Finite Lived Intangible Liabilities Amortization Expense FiniteLivedIntangibleLiabilitiesAmortizationExpense	529000	USD
CY2016	hpt	Finite Lived Intangible Liabilities Amortization Expense FiniteLivedIntangibleLiabilitiesAmortizationExpense	455000	USD
CY2017	hpt	Finite Lived Intangible Liabilities Amortization Expense FiniteLivedIntangibleLiabilitiesAmortizationExpense	455000	USD
CY2017	hpt	Finite Lived Intangible Liabilities Weighted Average Useful Life FiniteLivedIntangibleLiabilitiesWeightedAverageUsefulLife	P4Y
CY2016Q4	hpt	Furniture Fixtures And Equipment FurnitureFixturesAndEquipment	614375000	USD
CY2017Q4	hpt	Furniture Fixtures And Equipment FurnitureFixturesAndEquipment	648101000	USD
CY2015	hpt	Furniture Fixtures And Equipment Reserve Income FurnitureFixturesAndEquipmentReserveIncome	67967000	USD
CY2016	hpt	Furniture Fixtures And Equipment Reserve Income FurnitureFixturesAndEquipmentReserveIncome	73956000	USD
CY2017	hpt	Furniture Fixtures And Equipment Reserve Income FurnitureFixturesAndEquipmentReserveIncome	74329000	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
CY2017	hpt	Furniture Fixtures And Equipment Reserve Income Leased Hotel Properties FurnitureFixturesAndEquipmentReserveIncomeLeasedHotelProperties	4670000	USD
CY2017Q4	hpt	Future Amortization Of Financing Costs After Year Five FutureAmortizationOfFinancingCostsAfterYearFive	5192000	USD
CY2017Q4	hpt	Future Amortization Of Financing Costs Year Five FutureAmortizationOfFinancingCostsYearFive	2305000	USD
CY2017Q4	hpt	Future Amortization Of Financing Costs Year Four FutureAmortizationOfFinancingCostsYearFour	2538000	USD
CY2017Q4	hpt	Future Amortization Of Financing Costs Year One FutureAmortizationOfFinancingCostsYearOne	5108000	USD
CY2017Q4	hpt	Future Amortization Of Financing Costs Year Three FutureAmortizationOfFinancingCostsYearThree	3092000	USD
CY2017Q4	hpt	Future Amortization Of Financing Costs Year Two FutureAmortizationOfFinancingCostsYearTwo	3341000	USD
CY2016Q4	hpt	Investment Building Improvements And Equipment InvestmentBuildingImprovementsAndEquipment	7156759000	USD
CY2017Q4	hpt	Investment Building Improvements And Equipment InvestmentBuildingImprovementsAndEquipment	7758862000	USD
CY2015Q4	hpt	Non Cash Loss On Special Distribution Of Equity NonCashLossOnSpecialDistributionOfEquity	36773000	USD
CY2015	hpt	Non Cash Loss On Special Distribution Of Equity NonCashLossOnSpecialDistributionOfEquity	36773000	USD
CY2016	hpt	Non Cash Loss On Special Distribution Of Equity NonCashLossOnSpecialDistributionOfEquity	0	USD
CY2017	hpt	Non Cash Loss On Special Distribution Of Equity NonCashLossOnSpecialDistributionOfEquity	0	USD
CY2015	hpt	Noncashor Part Noncash Acquisition Noncash Financialor Equity Instrument Consideration Valueof Shares Issued NoncashorPartNoncashAcquisitionNoncashFinancialorEquityInstrumentConsiderationValueofSharesIssued	43285000	USD
CY2016	hpt	Noncashor Part Noncash Acquisition Noncash Financialor Equity Instrument Consideration Valueof Shares Issued NoncashorPartNoncashAcquisitionNoncashFinancialorEquityInstrumentConsiderationValueofSharesIssued	0	USD
CY2017	hpt	Noncashor Part Noncash Acquisition Noncash Financialor Equity Instrument Consideration Valueof Shares Issued NoncashorPartNoncashAcquisitionNoncashFinancialorEquityInstrumentConsiderationValueofSharesIssued	0	USD
CY2017Q4	hpt	Number Of Management Agreements Or Leases NumberOfManagementAgreementsOrLeases	14	agreement
CY2017Q4	hpt	Ownership Percentage Held In Subsidiary OwnershipPercentageHeldInSubsidiary	1
CY2015	hpt	Payments For Ff And E Reserve PaymentsForFFAndEReserve	7299000	USD
CY2016	hpt	Payments For Ff And E Reserve PaymentsForFFAndEReserve	3749000	USD
CY2017	hpt	Payments For Ff And E Reserve PaymentsForFFAndEReserve	31362000	USD
CY2015	hpt	Paymentsto Acquire Real Estate Netof Deposits PaymentstoAcquireRealEstateNetofDeposits	449882000	USD
CY2016	hpt	Paymentsto Acquire Real Estate Netof Deposits PaymentstoAcquireRealEstateNetofDeposits	262955000	USD
CY2017	hpt	Paymentsto Acquire Real Estate Netof Deposits PaymentstoAcquireRealEstateNetofDeposits	594693000	USD
CY2017	hpt	Personal Property Excluded From Real Estate Gross PersonalPropertyExcludedFromRealEstateGross	648000	USD
CY2015	hpt	Property Managers Deposits In Ff And E Reserve PropertyManagersDepositsInFFAndEReserve	67381000	USD
CY2016	hpt	Property Managers Deposits In Ff And E Reserve PropertyManagersDepositsInFFAndEReserve	74876000	USD
CY2017	hpt	Property Managers Deposits In Ff And E Reserve PropertyManagersDepositsInFFAndEReserve	74272000	USD
CY2017	hpt	Property Plant Equipment Impairment Charges PropertyPlantEquipmentImpairmentCharges	165000000	USD
CY2015	hpt	Real Estate Acquisitions And Capital Expenditures RealEstateAcquisitionsAndCapitalExpenditures	665300000	USD
CY2016	hpt	Real Estate Acquisitions And Capital Expenditures RealEstateAcquisitionsAndCapitalExpenditures	455373000	USD
CY2017	hpt	Real Estate Acquisitions And Capital Expenditures RealEstateAcquisitionsAndCapitalExpenditures	741790000	USD
CY2017	hpt	Real Estate Cost Basis Adjustment RealEstateCostBasisAdjustment	107000000	USD
CY2015	hpt	Security Deposits Received Or Replenished Applied To Payment Shortfalls SecurityDepositsReceivedOrReplenishedAppliedToPaymentShortfalls	20501000	USD
CY2016	hpt	Security Deposits Received Or Replenished Applied To Payment Shortfalls SecurityDepositsReceivedOrReplenishedAppliedToPaymentShortfalls	35759000	USD
CY2017	hpt	Security Deposits Received Or Replenished Applied To Payment Shortfalls SecurityDepositsReceivedOrReplenishedAppliedToPaymentShortfalls	36743000	USD
CY2016Q4	hpt	Straight Line Rent Receivables StraightLineRentReceivables	2279000	USD
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CY2017	hpt	Tax Cuts And Jobs Act Of2017 Incomplete Accounting Provisional Income Tax Expense Benefit TaxCutsAndJobsActOf2017IncompleteAccountingProvisionalIncomeTaxExpenseBenefit	-5431000	USD
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CY2016Q4	us-gaap	Accumulated Other Comprehensive Income Loss Net Of Tax AccumulatedOtherComprehensiveIncomeLossNetOfTax	39583000	USD
CY2017Q4	us-gaap	Accumulated Other Comprehensive Income Loss Net Of Tax AccumulatedOtherComprehensiveIncomeLossNetOfTax	79358000	USD
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CY2017	us-gaap	Amortization Of Financing Costs And Discounts AmortizationOfFinancingCostsAndDiscounts	8871000	USD
CY2015	us-gaap	Amortization Of Intangible Assets AmortizationOfIntangibleAssets	2315000	USD
CY2016	us-gaap	Amortization Of Intangible Assets AmortizationOfIntangibleAssets	2303000	USD
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CY2015	us-gaap	Business Combination Acquisition Related Costs BusinessCombinationAcquisitionRelatedCosts	2375000	USD
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CY2017	us-gaap	Business Combination Acquisition Related Costs BusinessCombinationAcquisitionRelatedCosts	0	USD
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CY2015Q4	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	13682000	USD
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CY2017Q4	us-gaap	Common Stock Shares Outstanding CommonStockSharesOutstanding	164349141	shares
CY2016Q4	us-gaap	Common Stock Value CommonStockValue	1643000	USD
CY2017Q4	us-gaap	Common Stock Value CommonStockValue	1643000	USD
CY2015	us-gaap	Comprehensive Income Net Of Tax ComprehensiveIncomeNetOfTax	125091000	USD
CY2016	us-gaap	Comprehensive Income Net Of Tax ComprehensiveIncomeNetOfTax	278216000	USD
CY2017	us-gaap	Comprehensive Income Net Of Tax ComprehensiveIncomeNetOfTax	254918000	USD
CY2016Q4	us-gaap	Convertible Debt ConvertibleDebt	8478000	USD
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CY2015	us-gaap	Costs And Expenses CostsAndExpenses	1585969000	USD
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CY2017	us-gaap	Costs And Expenses CostsAndExpenses	1791608000	USD
CY2015	us-gaap	Current Federal Tax Expense Benefit CurrentFederalTaxExpenseBenefit	0	USD
CY2016	us-gaap	Current Federal Tax Expense Benefit CurrentFederalTaxExpenseBenefit	0	USD
CY2017	us-gaap	Current Federal Tax Expense Benefit CurrentFederalTaxExpenseBenefit	-5431000	USD
CY2015	us-gaap	Current Foreign Tax Expense Benefit CurrentForeignTaxExpenseBenefit	200000	USD
CY2016	us-gaap	Current Foreign Tax Expense Benefit CurrentForeignTaxExpenseBenefit	2380000	USD
CY2017	us-gaap	Current Foreign Tax Expense Benefit CurrentForeignTaxExpenseBenefit	670000	USD
CY2015	us-gaap	Current Income Tax Expense Benefit CurrentIncomeTaxExpenseBenefit	1635000	USD
CY2016	us-gaap	Current Income Tax Expense Benefit CurrentIncomeTaxExpenseBenefit	4011000	USD
CY2017	us-gaap	Current Income Tax Expense Benefit CurrentIncomeTaxExpenseBenefit	-3048000	USD
CY2015	us-gaap	Current State And Local Tax Expense Benefit CurrentStateAndLocalTaxExpenseBenefit	1435000	USD
CY2016	us-gaap	Current State And Local Tax Expense Benefit CurrentStateAndLocalTaxExpenseBenefit	1631000	USD
CY2017	us-gaap	Current State And Local Tax Expense Benefit CurrentStateAndLocalTaxExpenseBenefit	1713000	USD
CY2017Q4	us-gaap	Debt Instrument Fair Value DebtInstrumentFairValue	4048000000	USD
CY2016Q4	us-gaap	Debt Issuance Costs Line Of Credit Arrangements Gross DebtIssuanceCostsLineOfCreditArrangementsGross	7476000	USD
CY2017Q4	us-gaap	Debt Issuance Costs Line Of Credit Arrangements Gross DebtIssuanceCostsLineOfCreditArrangementsGross	7476000	USD
CY2016Q4	us-gaap	Deferred Finance Costs Net DeferredFinanceCostsNet	15536000	USD
CY2017Q4	us-gaap	Deferred Finance Costs Net DeferredFinanceCostsNet	20226000	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
CY2017	us-gaap	Deferred Foreign Income Tax Expense Benefit DeferredForeignIncomeTaxExpenseBenefit	-236000	USD
CY2015	us-gaap	Deferred Income Tax Expense Benefit DeferredIncomeTaxExpenseBenefit	-69000	USD
CY2016	us-gaap	Deferred Income Tax Expense Benefit DeferredIncomeTaxExpenseBenefit	9000	USD
CY2017	us-gaap	Deferred Income Tax Expense Benefit DeferredIncomeTaxExpenseBenefit	-236000	USD
CY2016Q4	us-gaap	Deferred Tax Assets Gross DeferredTaxAssetsGross	145221000	USD
CY2017Q4	us-gaap	Deferred Tax Assets Gross DeferredTaxAssetsGross	95539000	USD
CY2016Q4	us-gaap	Deferred Tax Assets Net DeferredTaxAssetsNet	628000	USD
CY2017Q4	us-gaap	Deferred Tax Assets Net DeferredTaxAssetsNet	847000	USD
CY2016Q4	us-gaap	Deferred Tax Assets Operating Loss Carryforwards DeferredTaxAssetsOperatingLossCarryforwards	129808000	USD
CY2017Q4	us-gaap	Deferred Tax Assets Operating Loss Carryforwards DeferredTaxAssetsOperatingLossCarryforwards	85661000	USD
CY2016Q4	us-gaap	Deferred Tax Assets Other DeferredTaxAssetsOther	3686000	USD
CY2017Q4	us-gaap	Deferred Tax Assets Other DeferredTaxAssetsOther	3894000	USD
CY2016Q4	us-gaap	Deferred Tax Assets Tax Credit Carryforwards DeferredTaxAssetsTaxCreditCarryforwards	11727000	USD
CY2017Q4	us-gaap	Deferred Tax Assets Tax Credit Carryforwards DeferredTaxAssetsTaxCreditCarryforwards	5984000	USD
CY2016Q4	us-gaap	Deferred Tax Assets Valuation Allowance DeferredTaxAssetsValuationAllowance	144593000	USD
CY2017Q4	us-gaap	Deferred Tax Assets Valuation Allowance DeferredTaxAssetsValuationAllowance	94692000	USD
CY2016Q4	us-gaap	Deferred Tax Liabilities DeferredTaxLiabilities	8458000	USD
CY2017Q4	us-gaap	Deferred Tax Liabilities DeferredTaxLiabilities	8221000	USD
CY2016Q4	us-gaap	Deferred Tax Liabilities Property Plant And Equipment DeferredTaxLiabilitiesPropertyPlantAndEquipment	9086000	USD
CY2017Q3	us-gaap	Earnings Per Share Basic And Diluted EarningsPerShareBasicAndDiluted	0.52
CY2017Q4	us-gaap	Deferred Tax Liabilities Property Plant And Equipment DeferredTaxLiabilitiesPropertyPlantAndEquipment	9068000	USD
CY2015	us-gaap	Depreciation Depletion And Amortization DepreciationDepletionAndAmortization	329776000	USD
CY2016	us-gaap	Depreciation Depletion And Amortization DepreciationDepletionAndAmortization	357342000	USD
CY2017	us-gaap	Depreciation Depletion And Amortization DepreciationDepletionAndAmortization	386659000	USD
CY2015	us-gaap	Direct Costs Of Hotels DirectCostsOfHotels	1143981000	USD
CY2016	us-gaap	Direct Costs Of Hotels DirectCostsOfHotels	1202538000	USD
CY2017	us-gaap	Direct Costs Of Hotels DirectCostsOfHotels	1279547000	USD
CY2015	us-gaap	Dividends Dividends	320627000	USD
CY2016	us-gaap	Dividends Dividends	334799000	USD
CY2017	us-gaap	Dividends Dividends	341519000	USD
CY2015	us-gaap	Dividends Common Stock Stock DividendsCommonStockStock	29911000	USD
CY2016	us-gaap	Dividends Common Stock Stock DividendsCommonStockStock	0	USD
CY2017	us-gaap	Dividends Common Stock Stock DividendsCommonStockStock	0	USD
CY2016Q4	us-gaap	Dividends Payable Current And Noncurrent DividendsPayableCurrentAndNoncurrent	5166000	USD
CY2017Q4	us-gaap	Dividends Payable Current And Noncurrent DividendsPayableCurrentAndNoncurrent	0	USD
CY2016Q4	us-gaap	Due From Related Parties DueFromRelatedParties	65332000	USD
CY2017Q4	us-gaap	Due From Related Parties DueFromRelatedParties	78513000	USD
CY2016Q4	us-gaap	Due To Affiliate Current And Noncurrent DueToAffiliateCurrentAndNoncurrent	58475000	USD
CY2017Q4	us-gaap	Due To Affiliate Current And Noncurrent DueToAffiliateCurrentAndNoncurrent	83049000	USD
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
CY2017Q1	us-gaap	Earnings Per Share Basic And Diluted EarningsPerShareBasicAndDiluted	0.16
CY2017Q2	us-gaap	Earnings Per Share Basic And Diluted EarningsPerShareBasicAndDiluted	0.37
CY2017Q4	us-gaap	Earnings Per Share Basic And Diluted EarningsPerShareBasicAndDiluted	0.19
CY2017	us-gaap	Earnings Per Share Basic And Diluted EarningsPerShareBasicAndDiluted	1.24
CY2015	us-gaap	Effective Income Tax Rate Continuing Operations EffectiveIncomeTaxRateContinuingOperations	0.009
CY2016	us-gaap	Effective Income Tax Rate Continuing Operations EffectiveIncomeTaxRateContinuingOperations	0.018
CY2017	us-gaap	Effective Income Tax Rate Continuing Operations EffectiveIncomeTaxRateContinuingOperations	-0.016
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
CY2017	us-gaap	Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate	0.35
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
CY2017	us-gaap	Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance	-0.235
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
CY2017	us-gaap	Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential EffectiveIncomeTaxRateReconciliationForeignIncomeTaxRateDifferential	0.003
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
CY2017	us-gaap	Effective Income Tax Rate Reconciliation Other Adjustments EffectiveIncomeTaxRateReconciliationOtherAdjustments	0.016
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
CY2017	us-gaap	Effective Income Tax Rate Reconciliation State And Local Income Taxes EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes	0.008
CY2016	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	4020000	USD
CY2017Q4	us-gaap	Intangible Assets Net Excluding Goodwill IntangibleAssetsNetExcludingGoodwill	108289000	USD
CY2015	us-gaap	Interest And Other Income InterestAndOtherIncome	44000	USD
CY2017	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	-3284000	USD
CY2015	us-gaap	Income Taxes Paid IncomeTaxesPaid	2444000	USD
CY2016	us-gaap	Interest And Other Income InterestAndOtherIncome	274000	USD
CY2015	us-gaap	Effective Income Tax Rate Reconciliation Tax Exempt Income EffectiveIncomeTaxRateReconciliationTaxExemptIncome	0.350
CY2016	us-gaap	Effective Income Tax Rate Reconciliation Tax Exempt Income EffectiveIncomeTaxRateReconciliationTaxExemptIncome	0.350
CY2017	us-gaap	Effective Income Tax Rate Reconciliation Tax Exempt Income EffectiveIncomeTaxRateReconciliationTaxExemptIncome	0.350
CY2015	us-gaap	Fair Value Of Assets Acquired FairValueOfAssetsAcquired	45042000	USD
CY2016	us-gaap	Fair Value Of Assets Acquired FairValueOfAssetsAcquired	0	USD
CY2017	us-gaap	Fair Value Of Assets Acquired FairValueOfAssetsAcquired	0	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
CY2017	us-gaap	Gain Loss On Sale Of Properties GainLossOnSaleOfProperties	9348000	USD
CY2015	us-gaap	Gains Losses On Extinguishment Of Debt GainsLossesOnExtinguishmentOfDebt	0	USD
CY2016	us-gaap	Gains Losses On Extinguishment Of Debt GainsLossesOnExtinguishmentOfDebt	-228000	USD
CY2017	us-gaap	Gains Losses On Extinguishment Of Debt GainsLossesOnExtinguishmentOfDebt	-146000	USD
CY2015	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	109837000	USD
CY2016	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	99105000	USD
CY2017	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	125402000	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
CY2017	us-gaap	Income Loss Before Gain Or Loss On Sale Of Properties Extraordinary Items And Cumulative Effects Of Accounting Changes IncomeLossBeforeGainOrLossOnSaleOfPropertiesExtraordinaryItemsAndCumulativeEffectsOfAccountingChanges	205795000	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
CY2017	us-gaap	Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments	201904000	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
CY2017	us-gaap	Income Loss From Equity Method Investments IncomeLossFromEquityMethodInvestments	607000	USD
CY2015	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	1566000	USD
CY2016	us-gaap	Income Taxes Paid IncomeTaxesPaid	2727000	USD
CY2017	us-gaap	Income Taxes Paid IncomeTaxesPaid	2827000	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
CY2017	us-gaap	Increase Decrease In Due From Related Parties IncreaseDecreaseInDueFromRelatedParties	1215000	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
CY2017	us-gaap	Increase Decrease In Due To Affiliates IncreaseDecreaseInDueToAffiliates	21639000	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
CY2017	us-gaap	Increase Decrease In Other Operating Assets IncreaseDecreaseInOtherOperatingAssets	13060000	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
CY2017	us-gaap	Increase Decrease In Other Operating Liabilities IncreaseDecreaseInOtherOperatingLiabilities	-572000	USD
CY2016Q4	us-gaap	Intangible Assets Net Excluding Goodwill IntangibleAssetsNetExcludingGoodwill	108549000	USD
CY2017	us-gaap	Interest And Other Income InterestAndOtherIncome	798000	USD
CY2015	us-gaap	Interest Expense InterestExpense	144898000	USD
CY2016	us-gaap	Interest Expense InterestExpense	161913000	USD
CY2017	us-gaap	Interest Expense InterestExpense	181579000	USD
CY2015	us-gaap	Interest Paid InterestPaid	138892000	USD
CY2016	us-gaap	Interest Paid InterestPaid	146399000	USD
CY2017	us-gaap	Interest Paid InterestPaid	172558000	USD
CY2016Q4	us-gaap	Investment Building And Building Improvements InvestmentBuildingAndBuildingImprovements	6542384000	USD
CY2017Q4	us-gaap	Investment Building And Building Improvements InvestmentBuildingAndBuildingImprovements	7110761000	USD
CY2016Q4	us-gaap	Land Land	1566630000	USD
CY2017Q4	us-gaap	Land Land	1668797000	USD
CY2016Q4	us-gaap	Liabilities Liabilities	3504839000	USD
CY2017Q4	us-gaap	Liabilities Liabilities	4394963000	USD
CY2016Q4	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	6634228000	USD
CY2017Q4	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	7150385000	USD
CY2016Q4	us-gaap	Line Of Credit LineOfCredit	191000000	USD
CY2017Q4	us-gaap	Line Of Credit LineOfCredit	398000000	USD
CY2017Q4	us-gaap	Long Term Debt Maturities Repayments Of Principal After Year Five LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFive	2350000000	USD
CY2017Q4	us-gaap	Long Term Debt Maturities Repayments Of Principal In Next Twelve Months LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths	398000000	USD
CY2017Q4	us-gaap	Long Term Debt Maturities Repayments Of Principal In Year Five LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive	500000000	USD
CY2017Q4	us-gaap	Long Term Debt Maturities Repayments Of Principal In Year Four LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour	400000000	USD
CY2017Q4	us-gaap	Long Term Debt Maturities Repayments Of Principal In Year Three LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree	0	USD
CY2017Q4	us-gaap	Long Term Debt Maturities Repayments Of Principal In Year Two LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo	400000000	USD
CY2015	us-gaap	Maturities Of Senior Debt MaturitiesOfSeniorDebt	0	USD
CY2016	us-gaap	Maturities Of Senior Debt MaturitiesOfSeniorDebt	575000000	USD
CY2017	us-gaap	Maturities Of Senior Debt MaturitiesOfSeniorDebt	350000000	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
CY2017	us-gaap	Net Cash Provided By Used In Continuing Operations NetCashProvidedByUsedInContinuingOperations	13243000	USD
CY2015	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	124794000	USD
CY2016	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	-80950000	USD
CY2017	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	192757000	USD
CY2015	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-653839000	USD
CY2016	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-454356000	USD
CY2017	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-733737000	USD
CY2015	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	530893000	USD
CY2016	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	532520000	USD
CY2017	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	554223000	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
CY2017	us-gaap	Operating Income Loss OperatingIncomeLoss	380327000	USD
CY2017Q4	us-gaap	Operating Leases Future Minimum Payments Receivable OperatingLeasesFutureMinimumPaymentsReceivable	5438522000	USD
CY2017Q4	us-gaap	Operating Leases Future Minimum Payments Receivable Current OperatingLeasesFutureMinimumPaymentsReceivableCurrent	311625000	USD
CY2017Q1	us-gaap	Net Income Loss NetIncomeLoss	37171000	USD
CY2017Q2	us-gaap	Net Income Loss NetIncomeLoss	60699000	USD
CY2017Q3	us-gaap	Net Income Loss NetIncomeLoss	85728000	USD
CY2017Q4	us-gaap	Net Income Loss NetIncomeLoss	31545000	USD
CY2017	us-gaap	Net Income Loss NetIncomeLoss	215143000	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
CY2017Q1	us-gaap	Net Income Loss Available To Common Stockholders Basic NetIncomeLossAvailableToCommonStockholdersBasic	25843000	USD
CY2017Q2	us-gaap	Net Income Loss Available To Common Stockholders Basic NetIncomeLossAvailableToCommonStockholdersBasic	60699000	USD
CY2017Q3	us-gaap	Net Income Loss Available To Common Stockholders Basic NetIncomeLossAvailableToCommonStockholdersBasic	85728000	USD
CY2017Q4	us-gaap	Net Income Loss Available To Common Stockholders Basic NetIncomeLossAvailableToCommonStockholdersBasic	31545000	USD
CY2017	us-gaap	Net Income Loss Available To Common Stockholders Basic NetIncomeLossAvailableToCommonStockholdersBasic	203815000	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
CY2017	us-gaap	Noncash Or Part Noncash Acquisition Fixed Assets Acquired1 NoncashOrPartNoncashAcquisitionFixedAssetsAcquired1	92733000	USD
CY2015	us-gaap	Noncash Or Part Noncash Divestiture Amount Of Consideration Received1 NoncashOrPartNoncashDivestitureAmountOfConsiderationReceived1	45042000	USD
CY2016	us-gaap	Noncash Or Part Noncash Divestiture Amount Of Consideration Received1 NoncashOrPartNoncashDivestitureAmountOfConsiderationReceived1	0	USD
CY2017	us-gaap	Noncash Or Part Noncash Divestiture Amount Of Consideration Received1 NoncashOrPartNoncashDivestitureAmountOfConsiderationReceived1	0	USD
CY2017Q4	us-gaap	Number Of Real Estate Properties NumberOfRealEstateProperties	522	property
CY2017	us-gaap	Number Of Reportable Segments NumberOfReportableSegments	2	segment
CY2015	us-gaap	Operating Income Loss OperatingIncomeLoss	335935000	USD
CY2016	us-gaap	Operating Income Loss OperatingIncomeLoss	386859000	USD
CY2017Q4	us-gaap	Operating Leases Future Minimum Payments Receivable In Five Years OperatingLeasesFutureMinimumPaymentsReceivableInFiveYears	300272000	USD
CY2017Q4	us-gaap	Operating Leases Future Minimum Payments Receivable In Four Years OperatingLeasesFutureMinimumPaymentsReceivableInFourYears	301832000	USD
CY2017Q4	us-gaap	Operating Leases Future Minimum Payments Receivable In Three Years OperatingLeasesFutureMinimumPaymentsReceivableInThreeYears	302319000	USD
CY2017Q4	us-gaap	Operating Leases Future Minimum Payments Receivable In Two Years OperatingLeasesFutureMinimumPaymentsReceivableInTwoYears	311861000	USD
CY2017Q4	us-gaap	Operating Leases Future Minimum Payments Receivable Thereafter OperatingLeasesFutureMinimumPaymentsReceivableThereafter	3910613000	USD
CY2016Q4	us-gaap	Other Assets OtherAssets	288151000	USD
CY2017Q4	us-gaap	Other Assets OtherAssets	331195000	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
CY2017	us-gaap	Other Comprehensive Income Availableforsale Securities Adjustment Net Of Tax Portion Attributable To Parent OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToParent	39315000	USD
CY2015	us-gaap	Other Comprehensive Income Loss Net Of Tax Portion Attributable To Noncontrolling Interest OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToNoncontrollingInterest	20000	USD
CY2016	us-gaap	Other Comprehensive Income Loss Net Of Tax Portion Attributable To Noncontrolling Interest OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToNoncontrollingInterest	-152000	USD
CY2017	us-gaap	Other Comprehensive Income Loss Net Of Tax Portion Attributable To Noncontrolling Interest OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToNoncontrollingInterest	-460000	USD
CY2015	us-gaap	Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent	-41327000	USD
CY2016	us-gaap	Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent	55106000	USD
CY2017	us-gaap	Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent	39775000	USD
CY2015	us-gaap	Other Interest And Dividend Income OtherInterestAndDividendIncome	2640000	USD
CY2016	us-gaap	Other Interest And Dividend Income OtherInterestAndDividendIncome	2001000	USD
CY2017	us-gaap	Other Interest And Dividend Income OtherInterestAndDividendIncome	2504000	USD
CY2015	us-gaap	Preferred Stock Dividends Income Statement Impact PreferredStockDividendsIncomeStatementImpact	20664000	USD
CY2016Q4	us-gaap	Other Liabilities OtherLiabilities	188053000	USD
CY2017Q4	us-gaap	Other Liabilities OtherLiabilities	184788000	USD
CY2015	us-gaap	Other Noncash Income Expense OtherNoncashIncomeExpense	364000	USD
CY2016	us-gaap	Other Noncash Income Expense OtherNoncashIncomeExpense	3250000	USD
CY2017	us-gaap	Other Noncash Income Expense OtherNoncashIncomeExpense	3233000	USD
CY2015	us-gaap	Payments For Capital Improvements PaymentsForCapitalImprovements	180703000	USD
CY2016	us-gaap	Payments For Capital Improvements PaymentsForCapitalImprovements	187652000	USD
CY2017	us-gaap	Payments For Capital Improvements PaymentsForCapitalImprovements	131120000	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
CY2017	us-gaap	Payments For Repurchase Of Common Stock PaymentsForRepurchaseOfCommonStock	533000	USD
CY2015	us-gaap	Payments Of Dividends Common Stock PaymentsOfDividendsCommonStock	299967000	USD
CY2016	us-gaap	Payments Of Dividends Common Stock PaymentsOfDividendsCommonStock	314135000	USD
CY2017	us-gaap	Payments Of Dividends Common Stock PaymentsOfDividendsCommonStock	340084000	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
CY2017	us-gaap	Payments Of Dividends Preferred Stock And Preference Stock PaymentsOfDividendsPreferredStockAndPreferenceStock	6601000	USD
CY2015	us-gaap	Payments Of Financing Costs PaymentsOfFinancingCosts	1157000	USD
CY2016	us-gaap	Payments Of Financing Costs PaymentsOfFinancingCosts	6106000	USD
CY2017	us-gaap	Payments Of Financing Costs PaymentsOfFinancingCosts	8437000	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
CY2017	us-gaap	Payments To Acquire Businesses And Interest In Affiliates PaymentsToAcquireBusinessesAndInterestInAffiliates	0	USD
CY2015	us-gaap	Payments To Acquire Real Estate PaymentsToAcquireRealEstate	492883000	USD
CY2016	us-gaap	Payments To Acquire Real Estate PaymentsToAcquireRealEstate	254738000	USD
CY2017	us-gaap	Payments To Acquire Real Estate PaymentsToAcquireRealEstate	606054000	USD
CY2015	us-gaap	Percentage Rent PercentageRent	2048000	USD
CY2016	us-gaap	Percentage Rent PercentageRent	1303000	USD
CY2017	us-gaap	Percentage Rent PercentageRent	2106000	USD
CY2016	us-gaap	Preferred Stock Dividends Income Statement Impact PreferredStockDividendsIncomeStatementImpact	20664000	USD
CY2017	us-gaap	Preferred Stock Dividends Income Statement Impact PreferredStockDividendsIncomeStatementImpact	1435000	USD
CY2016Q4	us-gaap	Preferred Stock No Par Value PreferredStockNoParValue	0
CY2017Q4	us-gaap	Preferred Stock No Par Value PreferredStockNoParValue	0
CY2015	us-gaap	Preferred Stock Redemption Premium PreferredStockRedemptionPremium	0	USD
CY2016	us-gaap	Preferred Stock Redemption Premium PreferredStockRedemptionPremium	0	USD
CY2017	us-gaap	Preferred Stock Redemption Premium PreferredStockRedemptionPremium	9893000	USD
CY2016Q4	us-gaap	Preferred Stock Shares Authorized PreferredStockSharesAuthorized	100000000	shares
CY2017Q4	us-gaap	Preferred Stock Shares Authorized PreferredStockSharesAuthorized	100000000	shares
CY2016Q4	us-gaap	Preferred Stock Value PreferredStockValue	280107000	USD
CY2017Q4	us-gaap	Preferred Stock Value PreferredStockValue	0	USD
CY2016Q3	us-gaap	Proceeds From Issuance Of Common Stock ProceedsFromIssuanceOfCommonStock	372217000	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
CY2017	us-gaap	Proceeds From Issuance Of Common Stock ProceedsFromIssuanceOfCommonStock	0	USD
CY2015	us-gaap	Proceeds From Issuance Of Senior Long Term Debt ProceedsFromIssuanceOfSeniorLongTermDebt	0	USD
CY2016	us-gaap	Proceeds From Issuance Of Senior Long Term Debt ProceedsFromIssuanceOfSeniorLongTermDebt	737612000	USD
CY2017	us-gaap	Proceeds From Issuance Of Senior Long Term Debt ProceedsFromIssuanceOfSeniorLongTermDebt	989890000	USD
CY2015	us-gaap	Proceeds From Lines Of Credit ProceedsFromLinesOfCredit	702000000	USD
CY2016	us-gaap	Proceeds From Lines Of Credit ProceedsFromLinesOfCredit	764000000	USD
CY2017	us-gaap	Proceeds From Lines Of Credit ProceedsFromLinesOfCredit	1102000000	USD
CY2015	us-gaap	Proceeds From Repurchase Of Redeemable Preferred Stock ProceedsFromRepurchaseOfRedeemablePreferredStock	0	USD
CY2016	us-gaap	Proceeds From Repurchase Of Redeemable Preferred Stock ProceedsFromRepurchaseOfRedeemablePreferredStock	0	USD
CY2017	us-gaap	Proceeds From Repurchase Of Redeemable Preferred Stock ProceedsFromRepurchaseOfRedeemablePreferredStock	-290000000	USD
CY2015	us-gaap	Proceeds From Sale Of Real Estate ProceedsFromSaleOfRealEstate	0	USD
CY2016	us-gaap	Proceeds From Sale Of Real Estate ProceedsFromSaleOfRealEstate	0	USD
CY2017	us-gaap	Proceeds From Sale Of Real Estate ProceedsFromSaleOfRealEstate	23438000	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
CY2017Q4	us-gaap	Real Estate Accumulated Depreciation RealEstateAccumulatedDepreciation	2409000000	USD
CY2017Q4	us-gaap	Real Estate Accumulated Depreciation RealEstateAccumulatedDepreciation	2409416000	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
CY2017	us-gaap	Real Estate Accumulated Depreciation Real Estate Sold RealEstateAccumulatedDepreciationRealEstateSold	45474000	USD
CY2017Q4	us-gaap	Real Estate And Accumulated Depreciation Carrying Amount Of Buildings And Improvements RealEstateAndAccumulatedDepreciationCarryingAmountOfBuildingsAndImprovements	7111000000	USD
CY2017Q4	us-gaap	Real Estate And Accumulated Depreciation Carrying Amount Of Land RealEstateAndAccumulatedDepreciationCarryingAmountOfLand	1669000000	USD
CY2017Q4	us-gaap	Real Estate And Accumulated Depreciation Costs Capitalized Subsequent To Acquisition Improvements RealEstateAndAccumulatedDepreciationCostsCapitalizedSubsequentToAcquisitionImprovements	1947000000	USD
CY2017Q4	us-gaap	Real Estate And Accumulated Depreciation Initial Cost Of Buildings And Improvements RealEstateAndAccumulatedDepreciationInitialCostOfBuildingsAndImprovements	5436000000	USD
CY2017Q4	us-gaap	Real Estate And Accumulated Depreciation Initial Cost Of Land RealEstateAndAccumulatedDepreciationInitialCostOfLand	1669000000	USD
CY2015	us-gaap	Real Estate Cost Of Real Estate Sold RealEstateCostOfRealEstateSold	71319000	USD
CY2016	us-gaap	Real Estate Cost Of Real Estate Sold RealEstateCostOfRealEstateSold	31261000	USD
CY2017	us-gaap	Real Estate Cost Of Real Estate Sold RealEstateCostOfRealEstateSold	71054000	USD
CY2017Q4	us-gaap	Real Estate Federal Income Tax Basis RealEstateFederalIncomeTaxBasis	6384965000	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	8108171000	USD
CY2017Q4	us-gaap	Real Estate Gross At Carrying Value RealEstateGrossAtCarryingValue	8778907000	USD
CY2017Q4	us-gaap	Real Estate Gross At Carrying Value RealEstateGrossAtCarryingValue	8780000000	USD
CY2016Q4	us-gaap	Real Estate Investment Property Accumulated Depreciation RealEstateInvestmentPropertyAccumulatedDepreciation	2513996000	USD
CY2017Q4	us-gaap	Real Estate Investment Property Accumulated Depreciation RealEstateInvestmentPropertyAccumulatedDepreciation	2784478000	USD
CY2016Q4	us-gaap	Real Estate Investment Property At Cost RealEstateInvestmentPropertyAtCost	8723389000	USD
CY2017Q4	us-gaap	Real Estate Investment Property At Cost RealEstateInvestmentPropertyAtCost	9427659000	USD
CY2016Q4	us-gaap	Real Estate Investment Property Net RealEstateInvestmentPropertyNet	6209393000	USD
CY2017Q4	us-gaap	Real Estate Investment Property Net RealEstateInvestmentPropertyNet	6643181000	USD
CY2015	us-gaap	Real Estate Revenue Net RealEstateRevenueNet	280935000	USD
CY2016	us-gaap	Real Estate Revenue Net RealEstateRevenueNet	309600000	USD
CY2017	us-gaap	Real Estate Revenue Net RealEstateRevenueNet	323764000	USD
CY2015	us-gaap	Repayments Of Convertible Debt RepaymentsOfConvertibleDebt	0	USD
CY2016	us-gaap	Repayments Of Convertible Debt RepaymentsOfConvertibleDebt	0	USD
CY2017	us-gaap	Repayments Of Convertible Debt RepaymentsOfConvertibleDebt	8478000	USD
CY2015	us-gaap	Repayments Of Lines Of Credit RepaymentsOfLinesOfCredit	255000000	USD
CY2016	us-gaap	Repayments Of Lines Of Credit RepaymentsOfLinesOfCredit	1038000000	USD
CY2017	us-gaap	Repayments Of Lines Of Credit RepaymentsOfLinesOfCredit	895000000	USD
CY2016Q4	us-gaap	Replacement Reserve Escrow ReplacementReserveEscrow	60456000	USD
CY2017Q4	us-gaap	Replacement Reserve Escrow ReplacementReserveEscrow	73357000	USD
CY2016Q4	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	3104767000	USD
CY2017Q4	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	3310017000	USD
CY2015	us-gaap	Revenue From Leased And Owned Hotels RevenueFromLeasedAndOwnedHotels	1636834000	USD
CY2016	us-gaap	Revenue From Leased And Owned Hotels RevenueFromLeasedAndOwnedHotels	1733103000	USD
CY2017	us-gaap	Revenue From Leased And Owned Hotels RevenueFromLeasedAndOwnedHotels	1843501000	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
CY2017Q1	us-gaap	Revenues Revenues	488602000	USD
CY2017Q2	us-gaap	Revenues Revenues	570603000	USD
CY2017Q3	us-gaap	Revenues Revenues	577588000	USD
CY2017Q4	us-gaap	Revenues Revenues	535142000	USD
CY2017	us-gaap	Revenues Revenues	2171935000	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
CY2017	us-gaap	Sec Schedule Iii Real Estate Accumulated Depreciation Depreciation Expense SECScheduleIIIRealEstateAccumulatedDepreciationDepreciationExpense	277043000	USD
CY2016Q4	us-gaap	Security Deposit Liability SecurityDepositLiability	89338000	USD
CY2017Q4	us-gaap	Security Deposit Liability SecurityDepositLiability	126078000	USD
CY2016Q4	us-gaap	Senior Notes SeniorNotes	2565908000	USD
CY2017Q4	us-gaap	Senior Notes SeniorNotes	3203962000	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
CY2017	us-gaap	Stock Granted During Period Value Sharebased Compensation StockGrantedDuringPeriodValueSharebasedCompensation	3169000	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
CY2017	us-gaap	Stock Redeemed Or Called During Period Value StockRedeemedOrCalledDuringPeriodValue	280107000	USD
CY2015	us-gaap	Stock Repurchased During Period Value StockRepurchasedDuringPeriodValue	418000	USD
CY2016	us-gaap	Stock Repurchased During Period Value StockRepurchasedDuringPeriodValue	613000	USD
CY2017	us-gaap	Stock Repurchased During Period Value StockRepurchasedDuringPeriodValue	535000	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
CY2017Q4	us-gaap	Stockholders Equity StockholdersEquity	2755422000	USD
CY2015	us-gaap	Straight Line Rent StraightLineRent	9568000	USD
CY2016	us-gaap	Straight Line Rent StraightLineRent	13570000	USD
CY2017	us-gaap	Straight Line Rent StraightLineRent	12378000	USD
CY2016Q4	us-gaap	Unsecured Debt UnsecuredDebt	398421000	USD
CY2017Q4	us-gaap	Unsecured Debt UnsecuredDebt	399086000	USD
CY2016Q4	us-gaap	Variable Interest Entity Consolidated Carrying Amount Assets VariableInterestEntityConsolidatedCarryingAmountAssets	26676000	USD
CY2017Q4	us-gaap	Variable Interest Entity Consolidated Carrying Amount Assets VariableInterestEntityConsolidatedCarryingAmountAssets	33305000	USD
CY2016Q4	us-gaap	Variable Interest Entity Consolidated Carrying Amount Liabilities VariableInterestEntityConsolidatedCarryingAmountLiabilities	101602000	USD
CY2017Q4	us-gaap	Variable Interest Entity Consolidated Carrying Amount Liabilities VariableInterestEntityConsolidatedCarryingAmountLiabilities	140897000	USD
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
CY2017	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	164175000	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
CY2017	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	164146000	shares
CY2017	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, 2017</font><font style="font-family:inherit;font-size:10pt;">, we, directly and through subsidiaries, owned </font><font style="font-family:inherit;font-size:10pt;">323</font><font style="font-family:inherit;font-size:10pt;"> hotels and </font><font style="font-family:inherit;font-size:10pt;">199</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, 2017</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 </font><font style="font-family:inherit;font-size:10pt;">no</font><font style="font-family:inherit;font-size:10pt;"> employees. The personnel and various services we require to operate our business are provided to us by RMR LLC. We have </font><font style="font-family:inherit;font-size:10pt;">two</font><font style="font-family:inherit;font-size:10pt;"> 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%;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Management Agreements with RMR LLC. </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, among other terms: </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 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 Management Fee</font><font style="font-family:inherit;font-size:10pt;">. The incentive management 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 three year measurement period (or, for purposes of calculating any incentive fee for 2015, our equity market capitalization on December 31, 2013), and</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="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 return per share, as defined in the business management agreement and further described below, of our common shareholders (i.e., share price appreciation plus dividends) exceeds the total shareholder return of the SNL U.S. REIT Hotel Index, or the benchmark return per share, for the relevant measurement period.</font></div></td></tr></table><div style="line-height:120%;text-align:left;padding-left:120px;text-indent:-24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:left;padding-left:72px;text-indent:0px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">For purposes of the total return per share of our common shareholders, share price appreciation for a measurement period is determined by subtracting (1) the closing price of our common shares on Nasdaq on the last trading day of the year immediately before the first year of the measurement period from (2) the average closing price of our common shares on 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 in the last year of the measurement period.</font></div><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 calculation of the incentive management fee (including the determinations of our equity market capitalization and the total return per share of our common shareholders) is subject to adjustments if additional common shares are issued during the 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;">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 measurement periods are three year periods ending with the year for which the incentive management fee is being calculated, with a shorter period applicable in the case of the calculation of the incentive management fee for 2015 (</font><font style="font-family:inherit;font-size:10pt;">two years</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;">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, the benchmark return per share is adjusted to be the lesser of the total shareholder return of the SNL U.S. REIT Hotel Index for such measurement period and </font><font style="font-family:inherit;font-size:10pt;">12%</font><font style="font-family:inherit;font-size:10pt;"> per year, or the adjusted benchmark return per share. In instances where the adjusted benchmark return per share applies, the incentive management fee will be reduced if our total return per share is between </font><font style="font-family:inherit;font-size:10pt;">200</font><font style="font-family:inherit;font-size:10pt;"> basis points and </font><font style="font-family:inherit;font-size:10pt;">500</font><font style="font-family:inherit;font-size:10pt;"> basis points below the SNL U.S. REIT Hotel Index by a low return factor, as defined in the business management agreement, and there will be no incentive management fee paid if, in these instances, our total return per share is more than </font><font style="font-family:inherit;font-size:10pt;">500</font><font style="font-family:inherit;font-size:10pt;"> basis points below the SNL U.S. REIT Hotel Index.</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. The cap is equal to the value of the number of our common shares which would, after issuance, represent </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;">Incentive management fees we paid to RMR LLC for any period may be subject to “clawback” if our financial statements for that period 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 and the amount of the incentive management fee we paid was greater than the amount we would have paid based on the restated financial statements. </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;padding-left:48px;text-indent:0px;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;">$40,694</font><font style="font-family:inherit;font-size:10pt;">, </font><font style="font-family:inherit;font-size:10pt;">$36,802</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;">$37,331</font><font style="font-family:inherit;font-size:10pt;"> for the years ended </font><font style="font-family:inherit;font-size:10pt;">December 31, 2017</font><font style="font-family:inherit;font-size:10pt;">, </font><font style="font-family:inherit;font-size:10pt;">2016</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;">2015</font><font style="font-family:inherit;font-size:10pt;">, 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 each of the years ended </font><font style="font-family:inherit;font-size:10pt;">December 31, 2017</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;">2016</font><font style="font-family:inherit;font-size:10pt;"> reflect a reduction of </font><font style="font-family:inherit;font-size:10pt;">$3,585</font><font style="font-family:inherit;font-size:10pt;"> 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;padding-left:48px;text-indent:0px;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 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;padding-left:48px;text-indent:0px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Pursuant to our business management agreement, in January 2018, 2017 and 2016, we paid RMR LLC an incentive management fee of </font><font style="font-family:inherit;font-size:10pt;">$74,573</font><font style="font-family:inherit;font-size:10pt;">, </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 </font><font style="font-family:inherit;font-size:10pt;">December 31, 2017</font><font style="font-family:inherit;font-size:10pt;">, </font><font style="font-family:inherit;font-size:10pt;">2016</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;">2015</font><font style="font-family:inherit;font-size:10pt;">, respectively. In calculating the incentive management fee payable by us, our total shareholder return per share was adjusted in accordance with the business management agreement to reflect aggregate net increases in the number of our common shares outstanding as a result of certain share issuances and repurchases by us in </font><font style="font-family:inherit;font-size:10pt;">2017</font><font style="font-family:inherit;font-size:10pt;">, </font><font style="font-family:inherit;font-size:10pt;">2016</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;">2015</font><font style="font-family:inherit;font-size:10pt;">, respectively. In addition, the calculation of our benchmark return per share was also adjusted for these issuances and repurchases in accordance with the business management agreement in </font><font style="font-family:inherit;font-size:10pt;">2017</font><font style="font-family:inherit;font-size:10pt;">, </font><font style="font-family:inherit;font-size:10pt;">2016</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;">2015</font><font style="font-family:inherit;font-size:10pt;">, respectively.</font></div><div style="line-height:120%;padding-bottom:16px;padding-top:16px;text-align:left;padding-left:48px;text-indent:0px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Pursuant to our property management agreement with RMR LLC, we recognized aggregate property management and construction supervision fees of </font><font style="font-family:inherit;font-size:10pt;">$45</font><font style="font-family:inherit;font-size:10pt;">, </font><font style="font-family:inherit;font-size:10pt;">$64</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;">$33</font><font style="font-family:inherit;font-size:10pt;"> for the years ended </font><font style="font-family:inherit;font-size:10pt;">December 31, 2017</font><font style="font-family:inherit;font-size:10pt;">, </font><font style="font-family:inherit;font-size:10pt;">2016</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;">2015</font><font style="font-family:inherit;font-size:10pt;">, respectively. These amounts are included in hotel operating expenses in our consolidated statements of comprehensive income.</font></div><table cellpadding="0" cellspacing="0" style="padding-top:16px;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-style:italic;">•</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;">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;">$206</font><font style="font-family:inherit;font-size:10pt;">, </font><font style="font-family:inherit;font-size:10pt;">$171</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;">$134</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 </font><font style="font-family:inherit;font-size:10pt;">December 31, 2017</font><font style="font-family:inherit;font-size:10pt;">, </font><font style="font-family:inherit;font-size:10pt;">2016</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;">2015</font><font style="font-family:inherit;font-size:10pt;">, 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;">$276</font><font style="font-family:inherit;font-size:10pt;">, </font><font style="font-family:inherit;font-size:10pt;">$235</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;">$254</font><font style="font-family:inherit;font-size:10pt;"> for the years ended </font><font style="font-family:inherit;font-size:10pt;">December 31, 2017</font><font style="font-family:inherit;font-size:10pt;">, </font><font style="font-family:inherit;font-size:10pt;">2016</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;">2015</font><font style="font-family:inherit;font-size:10pt;">, respectively. These amounts are included in general and administrative expenses in our consolidated statements of comprehensive income for these periods.</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-top:16px;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-style:italic;">•</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;">Term. </font><font style="font-family:inherit;font-size:10pt;">Our management agreements with RMR LLC have terms that end on December 31, 2037, 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></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-top:16px;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-style:italic;">•</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;">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 written notice for convenience, (2) immediately on written notice for cause, as defined therein, (3) on 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></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-top:16px;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-style:italic;">•</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;">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></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-top:16px;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-style:italic;">•</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;">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 under our property management agreement, as applicable.</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-top:16px;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-style:italic;">•</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;">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></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-top:16px;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;">Investment Opportunities</font><font style="font-family:inherit;font-size:10pt;">. Under our business management agreement with RMR LLC, we acknowledge that RMR LLC may engage in other activities or businesses and act as the manager to any other person or entity (including other REITs) even though such person or entity has investment policies and objectives similar to ours and we are not entitled to preferential treatment in receiving information, recommendations and other services from RMR LLC.</font></div></td></tr></table></div>
CY2017	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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0000945394-18-000005.txt	Edgar Link	pending
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$SVC
Service Properties Trust Stock $svc

2017 Form 10-K Financial Statement

#000094539418000005 Filed on March 01, 2018

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$SVC Service Properties Trust Stock $svc

2017 Form 10-K Financial Statement

#000094539418000005 Filed on March 01, 2018

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$SVC
Service Properties Trust Stock $svc