Consolidated Statements Of Operations (USD $) In Thousands, except Share data, unless otherwise specified	3 Months Ended				9 Months Ended
	Sep. 30, 2014		Sep. 30, 2013		Sep. 30, 2014		Sep. 30, 2013
Revenue:
Hotel Operating Revenues	$ 112,927		$ 90,251		$ 304,331		$ 246,019
Interest Income from Development Loans							158
Other Revenues	50		80		149		174
Total Revenues	112,977		90,331		304,480		246,351
Operating Expenses:
Hotel Operating Expenses	60,648		50,298		166,372		137,551
Insurance Recoveries					(4,602)		(403)
Hotel Ground Rent	710		245		1,715		739
Real Estate and Personal Property Taxes and Property Insurance	8,034		6,331		22,020		17,754
General and Administrative (including Share Based Payments of $1,595 and $1,992 for the three months ended September 30, 2014 and 2013, respectively, and $4,156 and $6,819 for the nine months ended September 30, 2014 and 2013, respectively)	5,670		5,257		14,310		16,098
Acquisition and Terminated Transaction Costs	338		27		2,144		803
Depreciation and Amortization	18,565		14,572		52,365		41,156
Contingent Consideration Related to Acquisition of Hotel Property	1,000				1,000
Total Operating Expenses	94,965		76,730		255,324		213,698
Operating Income	18,012		13,601		49,156		32,653
Interest Income	71		450		746		1,375
Interest Expense	(11,456)		(10,711)		(32,249)		(30,293)
Other Expense	(346)		(112)		(476)
Gain on Disposition of Hotel Properties					7,184
Gain on Hotel Acquisitions, net					13,594		12,108
Development Loan Recovery					22,494
Loss on Debt Extinguishment					(644)		(545)
Income Before Income (Loss) from Unconsolidated Joint Venture Investments, Income Taxes and Discontinued Operations	6,281		3,228		59,805		15,298
Income (Loss) from Unconsolidated Joint Venture Investments	607		227		606		(21)
Income Before Income Taxes	6,888		3,455		60,411		15,277
Income Tax Benefit	699		2,375		806		2,282
Income from Continuing Operations	7,587	[1]	5,830	[1]	61,217	[1]	17,559	[1]
Discontinued Operations (Note 11):
(Loss) Gain on Disposition of Discontinued Assets			(11)		(45)		1,032
Impairment of Discontinued Assets			(6,591)		(1,800)		(10,314)
Income from Discontinued Operations, Net of Income Taxes			3,071		288		4,432
Loss from Discontinued Operations			(3,531)	[1]	(1,557)	[1]	(4,850)	[1]
Net Income	7,587		2,299		59,660		12,709
Loss (Income) Allocated to Noncontrolling Interests	49		164		(1,100)		628
Preferred Distributions	(3,589)	[1]	(3,589)	[1]	(10,767)	[1]	(11,022)	[1]
Less: Extinguishment of Issuance Costs Upon Redemption of Series A Preferred Shares							(2,250)	[1]
Net Income (Loss) Applicable to Common Shareholders	$ 4,047		$ (1,126)		$ 47,793		$ 65
BASIC
Income from Continuing Operations Applicable to Common Shareholders	$ 0.02		$ 0.01		$ 0.25		$ 0.02
Loss from Discontinued Operations Applicable to Common Shareholders	$ 0.00		$ (0.02)		$ (0.01)		$ (0.02)
Net Income (Loss) Applicable to Common Shareholders	$ 0.02		$ (0.01)		$ 0.24		$ 0.00
DILUTED
Income from Continuing Operations Applicable to Common Shareholders	$ 0.02		$ 0.01		$ 0.25		$ 0.02
Loss from Discontinued Operations Applicable to Common Shareholders	$ 0.00		$ (0.02)		$ (0.01)		$ (0.02)
Net Income (Loss) Applicable to Common Shareholders	$ 0.02		$ (0.01)		$ 0.24		$ 0.00
Weighted Average Common Shares Outstanding:
Basic	198,597,517		198,878,496		199,270,719		198,186,963
Diluted	200,621,986	[1]	201,644,633	[1]	201,105,852	[1]	201,488,088	[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 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.