Consolidated Statements Of Cash Flows (USD $) In Thousands, unless otherwise specified	6 Months Ended
	Jun. 30, 2014	Jun. 30, 2013
Operating Activities:
Net Income	$ 52,073	$ 10,409
Adjustments to Reconcile Net Loss to Net Cash Provided by Operating Activities:
Gain on Hotel Acquisitions, net	(13,609)	(12,107)
Development Loan Recovery	(22,494)
Gain on Disposition of Hotel Properties	(7,308)	(1,043)
Impairment of Hotel Assets	1,800	3,723
Deferred Taxes	(107)	309
Depreciation	33,596	30,690
Amortization	990	1,246
Loss on Debt Extinguishment	644	470
Equity in Loss of Unconsolidated Joint Ventures	1	248
Distributions from Unconsolidated Joint Ventures	312	12
Loss Recognized on Change in Fair Value of Derivative Instrument	67	106
Share Based Compensation Expense	2,561	4,827
(Increase) Decrease in:
Hotel Accounts Receivable	(4,143)	(2,436)
Escrows	(1,856)	(4,048)
Other Assets	(6,415)	(6)
Due from Related Parties	4,767	2,712
Increase (Decrease) in:
Due to Related Parties	1,571	1,736
Accounts Payable, Accrued Expenses and Other Liabilities	(1,028)	3,861
Net Cash Provided by Operating Activities	41,422	40,709
Investing Activities:
Purchase of Hotel Property Assets	(174,037)	(166,390)
Deposits on Hotel Acquisitions, Net		264
Capital Expenditures	(19,478)	(25,739)
Cash Paid for Hotel Development Projects	(3,063)	(9,907)
Proceeds from Disposition of Hotel Properties	30,300	3,855
Net Changes in Capital Expenditure Escrows	3,487	(1,667)
Proceeds from Insurance Claims	1,032	2,189
Repayment of Development Loans Receivable		15,122
Distributions from Unconsolidated Joint Venture	138	1,382
Net Cash Used in Investing Activities	(161,621)	(180,891)
Financing Activities:
Proceeds from (Repayments of) Borrowings Under Line of Credit, Net	27,000	66,200
Proceeds from Unsecured Term Loan Borrowing	100,000	50,000
Principal Repayment of Mortgages and Notes Payable	(17,436)	(50,908)
Proceeds from Mortgages and Notes Payable	54,500	60,000
Cash Paid for Deferred Financing Costs	(3,316)	(2,235)
Proceeds from Issuance of Preferred Stock, Net		72,371
Redemption of Series A Preferred Shares		(60,000)
Repurchase of Common Shares	(15,333)
Redemption of Common Partnership Units		(1,000)
Settlement of Interest Rate Cap	(8)	(661)
Dividends Paid on Common Shares	(24,222)	(25,154)
Dividends Paid on Preferred Shares	(7,178)	(7,344)
Distributions Paid on Common Partnership Units	(830)	(852)
Net Cash Provided by Financing Activities	113,177	100,417
Net Decrease in Cash and Cash Equivalents	(7,022)	(39,765)
Cash and Cash Equivalents - Beginning of Period	36,213	69,059
Cash and Cash Equivalents - End of Period	$ 29,191	$ 29,294