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Consolidated Balance Sheets (USD $)
In Thousands, unless otherwise specified
Mar. 31, 2014
Dec. 31, 2013
Assets:    
Investment in Hotel Properties, Net of Accumulated Depreciation, Including Consolidation of Variable Interest Entity Assets of $85,388 and $85,759 $ 1,558,833 $ 1,535,835
Investment in Unconsolidated Joint Ventures 11,624 12,044
Cash and Cash Equivalents 24,312 36,213
Escrow Deposits 21,868 25,938
Hotel Accounts Receivable, Net of Allowance for Doubtful Accounts of $60 and $43 10,822 9,141
Deferred Financing Costs, Net of Accumulated Amortization of $5,866 and $7,070 8,611 7,570
Due from Related Parties 5,345 11,124
Intangible Assets, Net of Accumulated Amortization of $3,194 and $3,227 7,499 7,603
Deposits on Hotel Acquisitions 16,486 18,586
Other Assets 24,836 27,460
Hotel Assets Held for Sale 28,331 56,583
Total Assets 1,718,567 1,748,097
Liabilities and Equity:    
Line of Credit 23,000  
Unsecured Term Loan 150,000 150,000
Unsecured Notes Payable 51,548 51,548
Mortgages Payable, including Net Unamortized Premium and Consolidation of Variable Interest Entity Debt of $55,313 and $55,714 571,767 571,953
Accounts Payable, Accrued Expenses and Other Liabilities 49,901 40,852
Dividends and Distributions Payable 15,868 15,955
Due to Related Parties 6,722 4,815
Liabilities Related To Hotel Assets Held for Sale 18,387 45,835
Total Liabilities 887,193 880,958
Shareholders' Equity:    
Preferred Shares: $.01 Par Value, 29,000,000 Shares Authorized, 7,600,000 Series B and C Shares Issued and Outstanding at March 31, 2014 and December 31, 2013, with Liquidation Preferences of $25 Per Share (Note 1) 76 76
Accumulated Other Comprehensive Loss (476) (376)
Additional Paid-in Capital 1,189,372 1,200,798
Distributions in Excess of Net Income (387,863) (364,568)
Total Shareholders' Equity 803,115 837,958
Noncontrolling Interests (Note 1):    
Noncontrolling Interests - Common Units 28,777 29,523
Noncontrolling Interest - Consolidated Variable Interest Entity (518) (342)
Total Noncontrolling Interests 28,259 29,181
Total Equity 831,374 867,139
Total Liabilities and Equity 1,718,567 1,748,097
Class A Common Shares [Member]
   
Shareholders' Equity:    
Common Shares 2,006 2,028
Class B Common Shares [Member]
   
Shareholders' Equity:    
Common Shares