Consolidated Statement Of Operations (USD $) In Thousands, except Share data, unless otherwise specified	3 Months Ended		6 Months Ended
	Jun. 30, 2013	Jun. 30, 2012	Jun. 30, 2013	Jun. 30, 2012
Revenue:
Hotel Operating Revenues	$ 106,092	$ 94,785	$ 182,095	$ 158,855
Interest Income from Development Loans	12	518	158	1,139
Other Revenues	60	52	94	114
Total Revenues	106,164	95,355	182,347	160,108
Operating Expenses:
Hotel Operating Expenses	55,765	50,130	103,442	89,849
Gain on Insurance Settlements			(403)
Hotel Ground Rent	266	214	494	408
Real Estate and Personal Property Taxes and Property Insurance	6,425	5,090	13,023	10,122
General and Administrative (including Share Based Payments of $2,439 and $2,266 and $4,827 and $4,399 for the three and six months ended, respectively)	5,699	5,340	10,695	10,508
Acquisition and Terminated Transaction Costs	773	124	776	1,082
Depreciation and Amortization	16,083	13,924	30,957	27,155
Gain on Hotel Acquisitions, net	(12,107)		(12,107)
Total Operating Expenses	72,904	74,822	146,877	139,124
Operating Income	33,260	20,533	35,470	20,984
Interest Income	469	346	925	452
Interest Expense	11,138	10,442	21,558	21,925
Other Expense	350	287	584	522
Loss on Debt Extinguishment	284	240	545	246
Income (loss) before Income (loss) from Unconsolidated Joint Venture Investments, Income Taxes and Discontinued Operations	21,957	9,910	13,708	(1,257)
Income (loss) from Unconsolidated Joint Ventures	148	414	(248)	(316)
Loss from Remeasurement of Investment in Unconsolidated Joint Venture		(224)		(224)
Income (loss) from Unconsolidated Joint Venture Investments	148	190	(248)	(540)
Income (loss) Before Income Taxes	22,105	10,100	13,460	(1,797)
Income Tax Expense	(1,438)		(309)
Income (loss) from Continuing Operations	20,667	10,100	13,151	(1,797)
Discontinued Operations (Note 12):
Gain on Disposition of Hotel Properties	1,043	6,949	1,043	11,452
Impairment of Discontinued Assets	(3,723)		(3,723)
Income (loss) from Discontinued Operations	98	340	(62)	(180)
(Loss) income from Discontinued Operations	(2,582)	7,289	(2,742)	11,272
Net Income	18,085	17,389	10,409	9,475
(Income) Loss Allocated to Noncontrolling Interests	(210)	(796)	463	(55)
Preferred Distributions	(3,589)	(3,500)	(7,433)	(7,000)
Extinguishment of Issuance Costs Upon Redemption of Series A			(2,250)
Net Income applicable to Common Shareholders	$ 14,286	$ 13,093	$ 1,189	$ 2,420
BASIC
Income (loss) from Continuing Operations applicable to Common Shareholders (in dollars per share)	$ 0.08	$ 0.03	$ 0.01	$ (0.05)
(Loss) Income from Discontinued Operations applicable to Common Shareholders (in dollars per share)	$ (0.01)	$ 0.04	$ (0.01)	$ 0.06
Net Income applicable to Common Shareholders (in dollars per share)	$ 0.07	$ 0.07		$ 0.01
DILUTED
Income (loss) from Continuing Operations applicable to Common Shareholders (in dollars per share)	$ 0.08	$ 0.03	$ 0.01	$ (0.05)
(lLoss) Income from Discontinued Operations applicable to Common Shareholders (in dollars per share)	$ (0.01)	$ 0.04	$ (0.01)	$ 0.06
Net Income applicable to Common Shareholders (in dollars per share)	$ 0.07	$ 0.07		$ 0.01
Weighted Average Common Shares Outstanding:
Basic (in shares)	198,633,051	186,264,437	197,835,465	178,345,932
Diluted (in shares)	201,201,337	189,011,990	201,083,900	178,345,932