Consolidated Statement Of Operations (USD $) In Thousands, except Share data, unless otherwise specified	3 Months Ended				6 Months Ended
	Jun. 30, 2014		Jun. 30, 2013		Jun. 30, 2014		Jun. 30, 2013
Revenue:
Hotel Operating Revenues	$ 111,487		$ 90,526		$ 191,404		$ 155,768
Interest Income from Development Loans			12				158
Other Revenues	66		1		99		206
Total Revenues	111,553		90,539		191,503		156,132
Operating Expenses:
Hotel Operating Expenses	56,948		47,077		105,724		87,253
Insurance Recoveries	(2,557)				(4,602)		(403)
Hotel Ground Rent	595		266		1,005		494
Real Estate and Personal Property Taxes and Property Insurance	7,180		5,607		13,986		11,423
General and Administrative (including Share Based Payments of $1,449 and $2,439 for the three months ended June 30, 2014 and 2013, respectively, and $2,561 and $4,827 for the six months ended June 30, 2014 and 2013, respectively)	4,738		5,691		8,640		10,841
Acquisition and Terminated Transaction Costs	1,672		773		1,806		776
Depreciation and Amortization	17,457		13,886		33,800		26,584
Total Operating Expenses	86,033		73,300		160,359		136,968
Operating Income	25,520		17,239		31,144		19,164
Interest Income	277		469		675		925
Interest Expense	(10,745)		(10,167)		(20,793)		(19,582)
Other Expense	(214)				(330)
Gain on Disposition of Hotel Properties	7,227				7,227
Gain on Hotel Acquisitions, net	13,609		12,107		13,609		12,107
Development Loan Recovery	22,494				22,494
Loss on Debt Extinguishment			(284)		(644)		(545)
Income Before Income (Loss) from Unconsolidated Joint Venture Investments, Income Taxes and Discontinued Operations	58,168		19,364		53,382		12,069
Income (Loss) from Unconsolidated Joint Venture Investments	419		148		(1)		(248)
Income Before Income Taxes	58,587		19,512		53,381		11,821
Income Tax (Expense) Benefit	(1)		(1,439)		107		(309)
Income from Continuing Operations	58,586		18,073		53,488		11,512
Discontinued Operations (Note 11):
Gain on Disposition of Discontinued Assets			1,043		81		1,043
Impairment of Discontinued Assets			(3,723)		(1,800)		(3,723)
Income from Discontinued Operations, Net of Income Taxes			2,692		304		1,577
Income (Loss) from Discontinued Operations			12		(1,415)		(1,103)
Net Income	58,586		18,085		52,073		10,409
(Income) Loss Allocated to Noncontrolling Interests	(1,655)		(210)		(1,148)		463
Preferred Distributions	(3,589)		(3,589)		(7,178)		(7,433)
Less: Extinguishment of Issuance Costs Upon Redemption of Series A Preferred Shares							(2,250)
Net Income Applicable to Common Shareholders	$ 53,342		$ 14,286		$ 43,747		$ 1,189
BASIC
Income from Continuing Operations Applicable to Common Shareholders	$ 0.27		$ 0.07		$ 0.22		$ 0.01
Loss from Discontinued Operations Applicable to Common Shareholders	$ 0.00		$ 0.00		$ 0.00		$ (0.01)
Net Income Income Applicable to Common Shareholders	$ 0.27		$ 0.07		$ 0.22		$ 0.00
DILUTED
Income from Continuing Operations Applicable to Common Shareholders	$ 0.27		$ 0.07		$ 0.22		$ 0.01
Loss from Discontinued Operations Applicable to Common Shareholders	$ 0.00		$ 0.00		$ 0.00		$ (0.01)
Net Income Applicable to Common Shareholders	$ 0.27		$ 0.07		$ 0.22		$ 0.00
Weighted Average Common Shares Outstanding:
Basic	198,494,473		198,633,051		199,612,898		197,835,465
Diluted	200,213,554	[1]	201,201,337	[1]	201,015,581	[1]	201,083,900	[1]

[1] Income (loss) allocated to noncontrolling interest in HHLP has been excluded from the numerator and units of limited partnership interest in HHLP have been omitted from the denominator for the purpose of computing diluted earnings per share since the effect of including these amounts in the numerator and denominator would have no impact.  In addition, potentially dilutive common shares, if any, have been excluded from the denominator if they are anti-dilutive to income (loss) from continuing operations applicable to common shareholders.