CONSOLIDATED BALANCE SHEETS (Unaudited) (USD $) In Thousands	Sep. 30, 2011	Dec. 31, 2010
Assets:
Investment in Hotel Properties, net of Accumulated Depreciation	$ 1,250,665	$ 1,245,851
Investment in Unconsolidated Joint Ventures	37,601	35,561
Development Loans Receivable	35,352	41,653
Cash and Cash Equivalents	68,147	65,596
Escrow Deposits	26,701	17,384
Hotel Accounts Receivable, net of allowance for doubtful accounts of $33 and $31	15,219	9,611
Deferred Financing Costs, net of Accumulated Amortization of $8,174 and $5,852	9,287	10,204
Due from Related Parties	6,282	5,069
Intangible Assets, net of Accumulated Amortization of $1,283 and $1,084	7,870	7,934
Deposits on Hotel Acquisitions	30,000	5,500
Other Assets	13,690	12,914
Hotel Assets Held for Sale	93,830	0
Total Assets	1,594,644	1,457,277
Liabilities and Equity:
Line of Credit	29,000	46,000
Mortgages and Notes Payable, net of unamortized discount of $784 and $983	685,191	648,720
Accounts Payable, Accrued Expenses and Other Liabilities	29,792	28,601
Dividends and Distributions Payable	13,903	9,805
Due to Related Parties	105	939
Liabilities Related to Assets Held for Sale	62,160	0
Total Liabilities	820,151	734,065
Redeemable Noncontrolling Interests - Common Units (Note 1)	12,638	19,894
Shareholders' Equity:
Accumulated Other Comprehensive Loss	(1,247)	(338)
Additional Paid-in Capital	1,042,048	918,215
Distributions in Excess of Net Income	(297,994)	(236,159)
Total Shareholders' Equity	744,576	683,434
Noncontrolling Interests (Note 1):
Noncontrolling Interests - Common Units	16,977	19,410
Noncontrolling Interests - Consolidated Joint Ventures	302	474
Total Noncontrolling Interests	17,279	19,884
Total Equity	761,855	703,318
Total Liabilities and Equity	1,594,644	1,457,277
Common Class A [Member]
Shareholders' Equity:
Common Shares	1,699	1,692
Common Class B [Member]
Shareholders' Equity:
Common Shares	0	0
Series A Preferred Stock [Member]
Shareholders' Equity:
Preferred Shares	24	24
Series B Preferred Stock [Member]
Shareholders' Equity:
Preferred Shares	$ 46	$ 0