Consolidated Balance Sheets (USD $) In Thousands, unless otherwise specified	Jun. 30, 2013	Dec. 31, 2012
Assets:
Investment in Hotel Properties, net of Accumulated Depreciation, (including consolidation of variable interest entity assets of $86,515 and $86,657)	$ 1,672,120	$ 1,466,713
Investment in Unconsolidated Joint Ventures	14,365	16,007
Development Loans Receivable		28,425
Cash and Cash Equivalents	29,294	69,059
Escrow Deposits	33,394	26,792
Hotel Accounts Receivable, net of allowance for doubtful accounts of $19 and $365	13,974	11,538
Deferred Financing Costs, net of Accumulated Amortization of $5,945 and $4,841	9,098	8,695
Due from Related Parties	5,776	8,488
Intangible Assets, net of Accumulated Amortization of $3,119 and $2,413	8,251	8,698
Deposits on Hotel Acquisitions	16,486	37,750
Other Assets	21,304	25,514
Hotel Assets Held for Sale	8,193
Total Assets	1,832,255	1,707,679
Liabilities and Equity:
Line of Credit	66,200
Unsecured Term Loan	150,000	100,000
Unsecured Notes Payable	51,548	51,548
Mortgages Payable, including net Unamortized Premium (including consolidation of variable interest entity debt of $56,488 and $57,256)	649,680	641,160
Accounts Payable, Accrued Expenses and Other Liabilities	34,641	33,838
Dividends and Distributions Payable	15,949	15,621
Due to Related Parties	6,139	4,403
Total Liabilities	974,157	846,570
Redeemable Noncontrolling Interests - Common Units (Note 1)		15,321
Shareholders' Equity:
Preferred Shares: $.01 Par Value, 29,000,000 shares Authorized, 7,600,000 Series B and C Shares Issued and Outstanding at June 30, 2013 and 7,000,000 Series A and B Shares Issued and Outstanding at December 31, 2012, with Liquidation Preferences of $25 per Share (Note 1)	76	70
Accumulated Other Comprehensive Income (Loss)	577	(1,786)
Additional Paid-in Capital	1,196,914	1,178,292
Distributions in Excess of Net Income	(370,709)	(348,734)
Total Shareholders' Equity	828,885	829,828
Noncontrolling Interests (Note 1):
Noncontrolling Interests - Common Units	29,167	15,484
Noncontrolling Interest - Consolidated Variable Interest Entity	46	476
Total Noncontrolling Interests	29,213	15,960
Total Equity	858,098	845,788
Total Liabilities and Equity	1,832,255	1,707,679
Class A Common Shares [Member]
Shareholders' Equity:
Common Shares	$ 2,027	$ 1,986