Fair Value Measurements And Derivative Instruments (Tables)

6 Months Ended

Jun. 30, 2013

Fair Value Measurements And Derivative Instruments [Abstract]

Fair Value Of Interest Rate Swaps And Caps

									Estimated Fair Value
Hedged Debt	Type	Strike Rate	Index	Effective Date	Maturity Date		Notional Amount		June 30, 2013		December 31, 2012
HIE Times Square, New York, NY*	Swap	1.240%	1-Month LIBOR + 4.00%	May 31, 2011	June 1, 2014	$	-	$	-	$	(530)
CY LA Westside, Culver City, LA	Swap	1.097%	1-Month LIBOR + 3.00%	September 29, 2011	September 29, 2015	$	30,000		(413)		(559)
CHH, Washington, DC	Swap	0.540%	1-Month LIBOR + 3.25%	February 1, 2012	February 1, 2015	$	27,344		(91)		(143)
Hotel 373, New York, NY	Cap	2.000%	1-Month LIBOR + 3.85%	May 24, 2012	June 1, 2015	$	18,658		6		6
CY Miami, FL	Swap	0.820%	1-Month LIBOR + 3.50%	July 2, 2012	July 1, 2016	$	55,000		(165)		(658)
Subordinated Notes Payable	Cap	2.000%	1-Month LIBOR + 3.00%	July 30, 2012	July 30, 2014	$	51,548		-		-
Unsecured Term Loan	Swap	0.545%	1-Month LIBOR + 2.40%	November 5, 2012	November 5, 2016	$	100,000		930		(135)
Unsecured Term Loan	Swap	0.600%	1-Month LIBOR + 2.40%	December 18, 2012	November 5, 2016	$	50,000		376		(167)
Hyatt Union Square, New York, NY	Cap	2.000%	1-Month LIBOR + 4.19%	April 9, 2013	April 9, 2016	$	55,000		151		-
								$	794	$	(2,186)