Consolidated Statements Of Cash Flows (USD $) In Thousands, unless otherwise specified	12 Months Ended
	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
Operating Activities:
Net income	$ 49,948	$ 22,218	$ (26,968)
Adjustments to Reconcile Net Loss to Net Cash Provided by Operating Activities:
Gain on Acquisition of Hotel Assets, Net	(12,096)
Gain on Disposition of Hotel Assets	(32,121)	(11,231)	(991)
Impairment of Assets	10,314		30,165
Deferred Taxes	(5,500)	(3,355)
Depreciation	61,801	56,071	55,704
Amortization	2,545	3,680	3,739
Debt Extinguishment	471	2,261	145
Development Loan Interest Added to Principal		(678)	(2,094)
Equity in Loss of Unconsolidated Joint Ventures	1,835	2,124	(1,290)
Distributions from Unconsolidated Joint Ventures	568	1,387	132
Loss Recognized on Change in Fair Value of Derivative Instrument	22	658	125
Stock Based Compensation Expense	9,746	9,678	7,590
(Increase) Decrease in:
Hotel Accounts Receivable	2,419	(235)	(1,358)
Escrows	476	(1,944)	(4,378)
Other Assets	(4,269)	(2,683)	(914)
Due from Related Parties	(2,636)	(5,500)	(1,120)
Increase (Decrease) in:
Due to Related Parties	412	1,541	1,993
Accounts Payable, Accrued Expenses and Other Liabilities	6,326	(2,236)	(1,812)
Net Cash Provided by Operating Activities	90,261	71,756	58,668
Investing Activities:
Purchase of Hotel Property Assets	(217,142)	(67,637)	(167,149)
Deposits on Hotel Acquisitions, Net	(1,836)	(18,750)	(18,000)
Capital Expenditures	(42,854)	(28,443)	(26,201)
Cash Paid for Hotel Development Projects	(20,054)	(10,171)	(32,120)
Proceeds from Disposition of Hotel Properties and Investment in Unconsolidated Joint Venture	136,015	63,722	2,361
Net Changes in Capital Expenditure Escrows	(1,287)	(4,454)	(1,299)
Investment in Notes Receivable		(150)
Repayment of Notes Receivable		1,720	(1,570)
Proceeds from Insurance Claims	5,001
Repayment of Development Loans Receivable	15,122	8,000
Distributions from Unconsolidated Joint Venture	1,711	476
Cash paid for franchise fee intangible			(65)
Advances and Capital Contributions to Unconsolidated Joint Ventures	(150)	(130)	13,285
Net Cash Used in Investing Activities	(125,474)	(55,817)	(230,758)
Financing Activities:
Proceeds from (Repayments of) Borrowings Under Line of Credit, Net		(51,000)	5,000
Proceeds from Unsecured Term Loan Borrowing	50,000	100,000
Principal Repayment of Mortgages and Notes Payable	(54,398)	(187,478)	(8,193)
Proceeds from Mortgages and Notes Payable	65,000	98,695	71,278
Cash Paid for Deferred Financing Costs	(2,283)	(96)	(868)
Proceeds from Issuance of Preferred Stock, Net	72,370		110,977
Proceeds from Issuance of Common Stock, Net		128,558
Redemption of Preferred Stock	(60,000)
Redemption of Common Partnership Units	(1,000)
Settlement of Interest Rate Cap	(565)
Dividends Paid on Common Shares	(50,553)	(44,391)	(37,323)
Dividends Paid on Preferred Shares	(14,522)	(14,000)	(8,199)
Distributions Paid on Common Partnership Units	(1,682)	(1,736)	(1,610)
Net Cash Provided by Financing Activities	2,367	28,552	131,062
Net (Decrease) Increase in Cash and Cash Equivalents	(32,846)	44,491	(41,028)
Cash and Cash Equivalents - Beginning of Period	69,059	24,568	65,596
Cash and Cash Equivalents - End of Period	$ 36,213	$ 69,059	$ 24,568