Consolidated Statements Of Cash Flows (USD $) In Thousands, unless otherwise specified	3 Months Ended
	Mar. 31, 2014	Mar. 31, 2013
Operating Activities:
Net Loss	$ (6,513)	$ (7,676)
Adjustments to Reconcile Net Loss to Net Cash Provided by Operating Activities:
Gain on Disposition of Hotel Assets	(138)
Impairment of Assets	1,800
Deferred Taxes	(108)	(1,130)
Depreciation	16,244	14,741
Amortization	622	720
Debt Extinguishment	552	207
Equity in Loss (Income) of Unconsolidated Joint Ventures	420	396
Loss Recognized on Change in Fair Value of Derivative Instrument	12	7
Stock Based Compensation Expense	1,112	2,388
(Increase) Decrease in:
Hotel Accounts Receivable	(1,846)	353
Escrows	(2,103)	(3,091)
Other Assets	3,299	940
Due from Related Parties	5,779	(3,576)
Increase (Decrease) in:
Due to Related Parties	2,210	685
Accounts Payable, Accrued Expenses and Other Liabilities	(2,400)	7,265
Net Cash Provided by Operating Activities	18,942	12,229
Investing Activities:
Purchase of Hotel Property Assets	(16,500)
Deposits on Hotel Acquisitions, Net	(1,000)	(2,486)
Capital Expenditures	(11,092)	(12,603)
Cash Paid for Hotel Development Projects	(2,396)	(4,916)
Proceeds from Disposition of Hotel Properties	13,397
Net Changes in Capital Expenditure Escrows	3,025	(1,792)
Proceeds from Insurance Claims	1,033	400
Repayment of Development Loans Receivable		13,143
Distributions from Unconsolidated Joint Venture		1,353
Net Cash Used in Investing Activities	(13,533)	(6,901)
Financing Activities:
Proceeds from (Repayments of) Borrowings Under Line of Credit, Net	23,000
Proceeds from Unsecured Term Loan Borrowing		50,000
Principal Repayment of Mortgages and Notes Payable	(16,129)	(41,288)
Proceeds from Mortgages and Notes Payable	9,500	5,000
Cash Paid for Deferred Financing Costs	(2,239)	(80)
Proceeds from Issuance of Preferred Stock, Net		72,419
Redemption of Series A Preferred Shares		(60,000)
Repurchase of Common Shares	(15,284)
Settlement of Interest Rate Cap		(565)
Dividends Paid on Common Shares	(12,154)	(11,910)
Dividends Paid on Preferred Shares	(3,589)	(4,473)
Distributions Paid on Common Partnership Units	(415)	(430)
Net Cash (Used In) Provided by Financing Activities	(17,310)	8,673
Net (Decrease) Increase in Cash and Cash Equivalents	(11,901)	14,001
Cash and Cash Equivalents - Beginning of Period	36,213	69,059
Cash and Cash Equivalents - End of Period	$ 24,312	$ 83,060