Consolidated Statements Of Cash Flows (USD $) In Thousands, unless otherwise specified	9 Months Ended
	Sep. 30, 2013	Sep. 30, 2012
Operating Activities:
Net income	$ 12,709	$ 15,369
Adjustments to Reconcile Net Loss to Net Cash Provided by Operating Activities:
Gain on Acquisition of Hotel Assets	(12,108)
Gain on Disposition of Hotel Assets	(1,032)	(11,269)
Impairment of Assets	10,314
Deferred Taxes	(2,205)
Depreciation	47,153	41,520
Amortization	1,930	2,916
Debt Extinguishment	471	10
Development Loan Interest Added to Principal		(678)
Equity in Loss of Unconsolidated Joint Ventures	21	1,971
Distributions from Unconsolidated Joint Ventures	313	1,269
Loss Recognized on Change in Fair Value of Derivative Instrument	18	221
Stock Based Compensation Expense	6,819	6,322
(Increase) Decrease in:
Hotel Accounts Receivable	194	(3,970)
Escrows	(895)	(2,267)
Other Assets	(1,672)	923
Due from Related Parties	2,170	(5,740)
Increase (Decrease) in:
Due to Related Parties	2,821	2,281
Accounts Payable, Accrued Expenses and Other Liabilities	3,172	121
Net Cash Provided by Operating Activities	70,193	48,999
Investing Activities:
Purchase of Hotel Property Assets	(166,388)	(67,637)
Deposits on Hotel Acquisitions, Net	1,264	(17,000)
Capital Expenditures	(35,984)	(22,890)
Cash Paid for Hotel Development Projects	(16,862)	(8,718)
Proceeds from Disposition of Hotel Properties and Investment in Unconsolidated Joint Venture	12,000	63,738
Net Changes in Capital Expenditure Escrows	(1,601)	(3,212)
Investment in Notes Receivable		(150)
Repayment of Notes Receivable		1,720
Proceeds from Insurance Claims	2,189
Repayment of Development Loans Receivable	15,122	3,000
Distributions from Unconsolidated Joint Venture	1,422	150
Advances and Capital Contributions to Unconsolidated Joint Ventures		(130)
Net Cash Used in Investing Activities	(188,838)	(51,129)
Financing Activities:
Proceeds from (Repayments of) Borrowings Under Line of Credit, Net	79,700	(23,000)
Proceeds from Unsecured Term Loan Borrowing	50,000
Principal Repayment of Mortgages and Notes Payable	(52,589)	(123,823)
Proceeds from Mortgages and Notes Payable	60,000	97,444
Cash Paid for Deferred Financing Costs	(2,237)	(65)
Proceeds from Issuance of Preferred Stock, Net	72,370
Proceeds from Issuance of Common Stock, Net		128,670
Redemption of Preferred Stock	(60,000)
Redemption of Common Partnership Units	(1,000)
Settlement of Interest Rate Cap	(565)	(96)
Dividends Paid on Common Shares	(37,305)	(32,487)
Dividends Paid on Preferred Shares	(10,933)	(10,500)
Distributions Paid on Common Partnership Units	(1,267)	(1,307)
Net Cash Provided by Financing Activities	96,174	34,836
Net (Decrease) Increase in Cash and Cash Equivalents	(22,471)	32,706
Cash and Cash Equivalents - Beginning of Period	69,059	24,568
Cash and Cash Equivalents - End of Period	$ 46,588	$ 57,274