Consolidated Balance Sheets (USD $) In Thousands, unless otherwise specified	Dec. 31, 2013	Dec. 31, 2012
Assets:
Investment in Hotel Properties, Net of Accumulated Depreciation, Including Consolidation of Variable Interest Entity Assets of $85,759 and $86,657	$ 1,535,835	$ 1,466,713
Investment in Unconsolidated Joint Ventures	12,044	16,007
Development Loans Receivable		28,425
Cash and Cash Equivalents	36,213	69,059
Escrow Deposits	25,938	26,792
Hotel Accounts Receivable, Net of Allowance for Doubtful Accounts of $43 and $365	9,141	11,538
Deferred Financing Costs, Net of Accumulated Amortization of $7,070 and $4,841	7,570	8,695
Due from Related Parties	11,124	8,488
Intangible Assets, Net of Accumulated Amortization of $3,227 and $2,413	7,603	8,698
Deposits on Hotel Acquisitions	18,586	37,750
Other Assets	27,460	25,514
Hotel Assets Held for Sale	56,583
Total Assets	1,748,097	1,707,679
Liabilities and Equity:
Line of Credit	0
Unsecured Term Loan	150,000	100,000
Unsecured Notes Payable	51,548	51,548
Mortgages Payable, including Net Unamortized Premium and Consolidation of Variable Interest Entity Debt of $55,714 and $57,256	571,953	641,160
Accounts Payable, Accrued Expenses and Other Liabilities	40,852	33,838
Dividends and Distributions Payable	15,955	15,621
Due to Related Parties	4,815	4,403
Liabilities Related To Hotel Assets Held for Sale	45,835
Total Liabilities	880,958	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 December 31, 2013 and 7,000,000 Series A and B Preferred Shares Issued and Outstanding at December 31, 2012, with Liquidation Preferences of $25 Per Share (Note 1)	76	70
Accumulated Other Comprehensive Loss	(376)	(1,786)
Additional Paid-in Capital	1,200,798	1,178,292
Distributions in Excess of Net Income	(364,568)	(348,734)
Total Shareholders' Equity	837,958	829,828
Noncontrolling Interests (Note 1):
Noncontrolling Interests - Common Units	29,523	15,484
Noncontrolling Interest - Consolidated Variable Interest Entity	(342)	476
Total Noncontrolling Interests	29,181	15,960
Total Equity	867,139	845,788
Total Liabilities and Equity	1,748,097	1,707,679
Class A Common Shares [Member]
Shareholders' Equity:
Common Shares	$ 2,028	$ 1,986