SCHEDULE III REAL ESTATE AND ACCUMULATED DEPRECIATION (Details) (USD $) In Thousands, unless otherwise specified	12 Months Ended
	Dec. 31, 2011		Dec. 31, 2010	Dec. 31, 2009
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ (656,275)
Initial Costs [Abstract]
Land	287,329
Buildings & Improvements	1,044,066
Costs Capitalized Subsequent to Acquisition [Abstract]
Land	(8,887)
Buildings & Improvements	46,214
Gross Amounts at which Carried at Close of Period [Abstract]
Land	278,442
Buildings & Improvements	1,090,280
Total	1,368,722
Accumulated Depreciation Buildings & Improvements	(115,355)	[1]
Net Book Value Land, Buildings & Improvements	1,253,367
Reconciliation of Real Estate [Roll Forward]
Balance at beginning of year	1,291,213		997,212	987,639
Additions during the year	248,358		297,450	79,170
Dispositions / Deconsolidation of consolidated joint venture during the year	(29,216)		(3,449)	(53,493)
Changes in Assets Held for Sale	(141,633)		0	(37,406)
Investment in Real Estate	1,368,722		1,291,213	975,910
Assets Held for Sale, net of impairment	112,711		0	21,302
Total Real Estate	1,481,433		1,291,213	997,212
Reconciliation of Accumulated Depreciation [Roll Forward]
Balance at beginning of year	112,161		83,556	67,824
Depreciation for year	28,229		29,654	22,667
Accumulated depreciation on assets sold	(1,333)		(1,049)	(6,935)
Balance at the end of year	139,057		112,161	83,556
Aggregate cost of land, buildings and improvements	1,362,064		1,183,694	911,634
Useful life of buildings and improvements, lower range (in years)	7
Useful life of buildings and improvements, higher range (in years)	40
Assets Held-for-sale [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	(61,758)
Initial Costs [Abstract]
Land	16,409
Buildings & Improvements	110,666
Costs Capitalized Subsequent to Acquisition [Abstract]
Land	(4,096)
Buildings & Improvements	(10,268)
Gross Amounts at which Carried at Close of Period [Abstract]
Land	12,313
Buildings & Improvements	100,398
Total	112,711
Accumulated Depreciation Buildings & Improvements	(23,702)
Net Book Value Land, Buildings & Improvements	89,009
Holiday Inn Exp, Hershey, PA [Member]
Real Estate and Accumulated Depreciation [Line Items]
Description	Holiday Inn Exp, Hershey, PA
Encumbrances	(5,772)
Initial Costs [Abstract]
Land	426
Buildings & Improvements	2,645
Costs Capitalized Subsequent to Acquisition [Abstract]
Land	410
Buildings & Improvements	4,061
Gross Amounts at which Carried at Close of Period [Abstract]
Land	836
Buildings & Improvements	6,706
Total	7,542
Accumulated Depreciation Buildings & Improvements	(2,534)	[1]
Net Book Value Land, Buildings & Improvements	5,008
Date of Acquisition	10/01/97
Comfort Inn, Harrisburg, PA [Member]
Real Estate and Accumulated Depreciation [Line Items]
Description	Comfort Inn, Harrisburg, PA
Encumbrances	0
Initial Costs [Abstract]
Land	213
Buildings & Improvements	1,934
Costs Capitalized Subsequent to Acquisition [Abstract]
Land	81
Buildings & Improvements	1,381
Gross Amounts at which Carried at Close of Period [Abstract]
Land	294
Buildings & Improvements	3,315
Total	3,609
Accumulated Depreciation Buildings & Improvements	(935)	[1]
Net Book Value Land, Buildings & Improvements	2,674
Date of Acquisition	03/06/98
Hampton Inn, Hershey, PA [Member]
Real Estate and Accumulated Depreciation [Line Items]
Description	Hampton Inn, Hershey, PA
Encumbrances	0
Initial Costs [Abstract]
Land	807
Buildings & Improvements	5,714
Costs Capitalized Subsequent to Acquisition [Abstract]
Land	4
Buildings & Improvements	1,189
Gross Amounts at which Carried at Close of Period [Abstract]
Land	811
Buildings & Improvements	6,903
Total	7,714
Accumulated Depreciation Buildings & Improvements	(2,424)	[1]
Net Book Value Land, Buildings & Improvements	5,290
Date of Acquisition	01/01/00
Residence Inn, Framingham, MA [Member]
Real Estate and Accumulated Depreciation [Line Items]
Description	Residence Inn, Framingham, MA
Encumbrances	(8,164)
Initial Costs [Abstract]
Land	1,325
Buildings & Improvements	12,737
Costs Capitalized Subsequent to Acquisition [Abstract]
Land	0
Buildings & Improvements	876
Gross Amounts at which Carried at Close of Period [Abstract]
Land	1,325
Buildings & Improvements	13,613
Total	14,938
Accumulated Depreciation Buildings & Improvements	(2,966)	[1]
Net Book Value Land, Buildings & Improvements	11,972
Date of Acquisition	03/26/04
Hampton Inn, New York, NY [Member]
Real Estate and Accumulated Depreciation [Line Items]
Description	Hampton Inn, New York, NY
Encumbrances	(24,784)
Initial Costs [Abstract]
Land	5,472
Buildings & Improvements	23,280
Costs Capitalized Subsequent to Acquisition [Abstract]
Land	0
Buildings & Improvements	1,320
Gross Amounts at which Carried at Close of Period [Abstract]
Land	5,472
Buildings & Improvements	24,600
Total	30,072
Accumulated Depreciation Buildings & Improvements	(4,368)	[1]
Net Book Value Land, Buildings & Improvements	25,704
Date of Acquisition	04/01/05
Residence Inn, Greenbelt, MD [Member]
Real Estate and Accumulated Depreciation [Line Items]
Description	Residence Inn, Greenbelt, MD
Encumbrances	(11,171)
Initial Costs [Abstract]
Land	2,615
Buildings & Improvements	14,815
Costs Capitalized Subsequent to Acquisition [Abstract]
Land	0
Buildings & Improvements	1,404
Gross Amounts at which Carried at Close of Period [Abstract]
Land	2,615
Buildings & Improvements	16,219
Total	18,834
Accumulated Depreciation Buildings & Improvements	(3,061)	[1]
Net Book Value Land, Buildings & Improvements	15,773
Date of Acquisition	07/16/04
Holiday Inn Exp, Langhorne, PA [Member]
Real Estate and Accumulated Depreciation [Line Items]
Description	Holiday Inn Exp, Langhorne, PA
Encumbrances	(6,152)
Initial Costs [Abstract]
Land	1,088
Buildings & Improvements	6,573
Costs Capitalized Subsequent to Acquisition [Abstract]
Land	0
Buildings & Improvements	280
Gross Amounts at which Carried at Close of Period [Abstract]
Land	1,088
Buildings & Improvements	6,853
Total	7,941
Accumulated Depreciation Buildings & Improvements	(1,158)	[1]
Net Book Value Land, Buildings & Improvements	6,783
Date of Acquisition	05/26/05
Holiday Inn Exp, King of Prussia, PA [Member]
Real Estate and Accumulated Depreciation [Line Items]
Description	Holiday Inn Exp, King of Prussia, PA
Encumbrances	(12,162)
Initial Costs [Abstract]
Land	2,557
Buildings & Improvements	13,339
Costs Capitalized Subsequent to Acquisition [Abstract]
Land	0
Buildings & Improvements	1,195
Gross Amounts at which Carried at Close of Period [Abstract]
Land	2,557
Buildings & Improvements	14,534
Total	17,091
Accumulated Depreciation Buildings & Improvements	(2,468)	[1]
Net Book Value Land, Buildings & Improvements	14,623
Date of Acquisition	05/23/05
Courtyard, Wilmington, DE [Member]
Real Estate and Accumulated Depreciation [Line Items]
Description	Courtyard, Wilmington, DE
Encumbrances	(11,955)
Initial Costs [Abstract]
Land	988
Buildings & Improvements	10,295
Costs Capitalized Subsequent to Acquisition [Abstract]
Land	0
Buildings & Improvements	1,290
Gross Amounts at which Carried at Close of Period [Abstract]
Land	988
Buildings & Improvements	11,585
Total	12,573
Accumulated Depreciation Buildings & Improvements	(2,206)	[1]
Net Book Value Land, Buildings & Improvements	10,367
Date of Acquisition	06/17/05
Inn at, Wilmington, DE [Member]
Real Estate and Accumulated Depreciation [Line Items]
Description	Inn at, Wilmington, DE
Encumbrances	0
Initial Costs [Abstract]
Land	898
Buildings & Improvements	4,515
Costs Capitalized Subsequent to Acquisition [Abstract]
Land	0
Buildings & Improvements	794
Gross Amounts at which Carried at Close of Period [Abstract]
Land	898
Buildings & Improvements	5,309
Total	6,207
Accumulated Depreciation Buildings & Improvements	(1,210)	[1]
Net Book Value Land, Buildings & Improvements	4,997
Date of Acquisition	06/17/05
Courtyard, Brookline, MA [Member]
Real Estate and Accumulated Depreciation [Line Items]
Description	Courtyard, Brookline, MA
Encumbrances	(38,189)
Initial Costs [Abstract]
Land	0
Buildings & Improvements	47,414
Costs Capitalized Subsequent to Acquisition [Abstract]
Land	0
Buildings & Improvements	1,409
Gross Amounts at which Carried at Close of Period [Abstract]
Land	0
Buildings & Improvements	48,823
Total	48,823
Accumulated Depreciation Buildings & Improvements	(8,271)	[1]
Net Book Value Land, Buildings & Improvements	40,552
Date of Acquisition	06/15/05
Courtyard, Langhorne, PA [Member]
Real Estate and Accumulated Depreciation [Line Items]
Description	Courtyard, Langhorne, PA
Encumbrances	(14,489)
Initial Costs [Abstract]
Land	3,064
Buildings & Improvements	16,068
Costs Capitalized Subsequent to Acquisition [Abstract]
Land	0
Buildings & Improvements	920
Gross Amounts at which Carried at Close of Period [Abstract]
Land	3,064
Buildings & Improvements	16,988
Total	20,052
Accumulated Depreciation Buildings & Improvements	(2,700)	[1]
Net Book Value Land, Buildings & Improvements	17,352
Date of Acquisition	01/03/06
Residence Inn, Tyson's Corner, VA [Member]
Real Estate and Accumulated Depreciation [Line Items]
Description	Residence Inn, Tyson's Corner, VA
Encumbrances	(8,337)
Initial Costs [Abstract]
Land	4,283
Buildings & Improvements	14,475
Costs Capitalized Subsequent to Acquisition [Abstract]
Land	0
Buildings & Improvements	993
Gross Amounts at which Carried at Close of Period [Abstract]
Land	4,283
Buildings & Improvements	15,468
Total	19,751
Accumulated Depreciation Buildings & Improvements	(2,312)	[1]
Net Book Value Land, Buildings & Improvements	17,439
Date of Acquisition	02/02/06
Hilton Garden Inn, JFK Airport, NY [Member]
Real Estate and Accumulated Depreciation [Line Items]
Description	Hilton Garden Inn, JFK Airport, NY
Encumbrances	(20,579)
Initial Costs [Abstract]
Land	0
Buildings & Improvements	25,018
Costs Capitalized Subsequent to Acquisition [Abstract]
Land	0
Buildings & Improvements	926
Gross Amounts at which Carried at Close of Period [Abstract]
Land	0
Buildings & Improvements	25,944
Total	25,944
Accumulated Depreciation Buildings & Improvements	(4,072)	[1]
Net Book Value Land, Buildings & Improvements	21,872
Date of Acquisition	02/16/06
Hawthorne Suites, Franklin, MA [Member]
Real Estate and Accumulated Depreciation [Line Items]
Description	Hawthorne Suites, Franklin, MA
Encumbrances	(8,018)
Initial Costs [Abstract]
Land	1,872
Buildings & Improvements	8,968
Costs Capitalized Subsequent to Acquisition [Abstract]
Land	0
Buildings & Improvements	339
Gross Amounts at which Carried at Close of Period [Abstract]
Land	1,872
Buildings & Improvements	9,307
Total	11,179
Accumulated Depreciation Buildings & Improvements	(1,378)	[1]
Net Book Value Land, Buildings & Improvements	9,801
Date of Acquisition	04/25/06
Comfort Inn, Dartmouth, MA [Member]
Real Estate and Accumulated Depreciation [Line Items]
Description	Comfort Inn, Dartmouth, MA	[2]
Encumbrances	(2,968)	[2]
Initial Costs [Abstract]
Land	902	[2]
Buildings & Improvements	3,525	[2]
Costs Capitalized Subsequent to Acquisition [Abstract]
Land	(447)	[2]
Buildings & Improvements	(1,470)	[2]
Gross Amounts at which Carried at Close of Period [Abstract]
Land	455	[2]
Buildings & Improvements	2,055	[2]
Total	2,510	[2]
Accumulated Depreciation Buildings & Improvements	(573)	[1],[2]
Net Book Value Land, Buildings & Improvements	1,937	[2]
Date of Acquisition	05/01/06	[2]
Holiday Inn Exp, Cambridge, MA [Member]
Real Estate and Accumulated Depreciation [Line Items]
Description	Holiday Inn Exp, Cambridge, MA
Encumbrances	(10,400)
Initial Costs [Abstract]
Land	1,956
Buildings & Improvements	9,793
Costs Capitalized Subsequent to Acquisition [Abstract]
Land	0
Buildings & Improvements	1,522
Gross Amounts at which Carried at Close of Period [Abstract]
Land	1,956
Buildings & Improvements	11,315
Total	13,271
Accumulated Depreciation Buildings & Improvements	(1,819)	[1]
Net Book Value Land, Buildings & Improvements	11,452
Date of Acquisition	05/03/06
Residence Inn, Norwood, MA [Member]
Real Estate and Accumulated Depreciation [Line Items]
Description	Residence Inn, Norwood, MA
Encumbrances	0
Initial Costs [Abstract]
Land	1,970
Buildings & Improvements	11,761
Costs Capitalized Subsequent to Acquisition [Abstract]
Land	0
Buildings & Improvements	161
Gross Amounts at which Carried at Close of Period [Abstract]
Land	1,970
Buildings & Improvements	11,922
Total	13,892
Accumulated Depreciation Buildings & Improvements	(1,631)	[1]
Net Book Value Land, Buildings & Improvements	12,261
Date of Acquisition	07/27/06
Hampton Inn, Brookhaven, NY [Member]
Real Estate and Accumulated Depreciation [Line Items]
Description	Hampton Inn, Brookhaven, NY
Encumbrances	(13,703)
Initial Costs [Abstract]
Land	3,130
Buildings & Improvements	17,345
Costs Capitalized Subsequent to Acquisition [Abstract]
Land	1
Buildings & Improvements	882
Gross Amounts at which Carried at Close of Period [Abstract]
Land	3,131
Buildings & Improvements	18,227
Total	21,358
Accumulated Depreciation Buildings & Improvements	(2,755)	[1]
Net Book Value Land, Buildings & Improvements	18,603
Date of Acquisition	09/06/06
Holiday Inn Exp, Hauppauge, NY [Member]
Real Estate and Accumulated Depreciation [Line Items]
Description	Holiday Inn Exp, Hauppauge, NY
Encumbrances	(9,371)
Initial Costs [Abstract]
Land	2,737
Buildings & Improvements	14,080
Costs Capitalized Subsequent to Acquisition [Abstract]
Land	0
Buildings & Improvements	914
Gross Amounts at which Carried at Close of Period [Abstract]
Land	2,737
Buildings & Improvements	14,994
Total	17,731
Accumulated Depreciation Buildings & Improvements	(2,297)	[1]
Net Book Value Land, Buildings & Improvements	15,434
Date of Acquisition	09/01/06
Residence Inn, Langhorne, PA [Member]
Real Estate and Accumulated Depreciation [Line Items]
Description	Residence Inn, Langhorne, PA
Encumbrances	0
Initial Costs [Abstract]
Land	1,463
Buildings & Improvements	12,094
Costs Capitalized Subsequent to Acquisition [Abstract]
Land	95
Buildings & Improvements	891
Gross Amounts at which Carried at Close of Period [Abstract]
Land	1,558
Buildings & Improvements	12,985
Total	14,543
Accumulated Depreciation Buildings & Improvements	(1,611)	[1]
Net Book Value Land, Buildings & Improvements	12,932
Date of Acquisition	01/08/07
Hampton Inn, Chelsea, NY [Member]
Real Estate and Accumulated Depreciation [Line Items]
Description	Hampton Inn, Chelsea, NY
Encumbrances	(35,122)
Initial Costs [Abstract]
Land	8,905
Buildings & Improvements	33,500
Costs Capitalized Subsequent to Acquisition [Abstract]
Land	0
Buildings & Improvements	1,801
Gross Amounts at which Carried at Close of Period [Abstract]
Land	8,905
Buildings & Improvements	35,301
Total	44,206
Accumulated Depreciation Buildings & Improvements	(4,941)	[1]
Net Book Value Land, Buildings & Improvements	39,265
Date of Acquisition	09/29/06
Hyatt House, Bridgewater, NJ [Member]
Real Estate and Accumulated Depreciation [Line Items]
Description	Hyatt House, Bridgewater, NJ
Encumbrances	(14,492)
Initial Costs [Abstract]
Land	3,373
Buildings & Improvements	19,685
Costs Capitalized Subsequent to Acquisition [Abstract]
Land	0
Buildings & Improvements	965
Gross Amounts at which Carried at Close of Period [Abstract]
Land	3,373
Buildings & Improvements	20,650
Total	24,023
Accumulated Depreciation Buildings & Improvements	(2,563)	[1]
Net Book Value Land, Buildings & Improvements	21,460
Date of Acquisition	12/28/06
Hyatt House, Gaithersburg, MD [Member]
Real Estate and Accumulated Depreciation [Line Items]
Description	Hyatt House, Gaithersburg, MD
Encumbrances	(13,720)
Initial Costs [Abstract]
Land	2,912
Buildings & Improvements	16,001
Costs Capitalized Subsequent to Acquisition [Abstract]
Land	0
Buildings & Improvements	1,290
Gross Amounts at which Carried at Close of Period [Abstract]
Land	2,912
Buildings & Improvements	17,291
Total	20,203
Accumulated Depreciation Buildings & Improvements	(2,219)	[1]
Net Book Value Land, Buildings & Improvements	17,984
Date of Acquisition	12/28/06
Hyatt House, Pleasant Hills, CA [Member]
Real Estate and Accumulated Depreciation [Line Items]
Description	Hyatt House, Pleasant Hills, CA
Encumbrances	(20,160)
Initial Costs [Abstract]
Land	6,216
Buildings & Improvements	17,229
Costs Capitalized Subsequent to Acquisition [Abstract]
Land	0
Buildings & Improvements	161
Gross Amounts at which Carried at Close of Period [Abstract]
Land	6,216
Buildings & Improvements	17,390
Total	23,606
Accumulated Depreciation Buildings & Improvements	(2,195)	[1]
Net Book Value Land, Buildings & Improvements	21,411
Date of Acquisition	12/28/06
Hyatt House, Pleasanton, CA [Member]
Real Estate and Accumulated Depreciation [Line Items]
Description	Hyatt House, Pleasanton, CA
Encumbrances	(14,490)
Initial Costs [Abstract]
Land	3,941
Buildings & Improvements	12,560
Costs Capitalized Subsequent to Acquisition [Abstract]
Land	0
Buildings & Improvements	1,374
Gross Amounts at which Carried at Close of Period [Abstract]
Land	3,941
Buildings & Improvements	13,934
Total	17,875
Accumulated Depreciation Buildings & Improvements	(1,668)	[1]
Net Book Value Land, Buildings & Improvements	16,207
Date of Acquisition	12/28/06
Hyatt House, Scottsdale, AZ [Member]
Real Estate and Accumulated Depreciation [Line Items]
Description	Hyatt House, Scottsdale, AZ
Encumbrances	(16,778)
Initial Costs [Abstract]
Land	3,060
Buildings & Improvements	19,968
Costs Capitalized Subsequent to Acquisition [Abstract]
Land	0
Buildings & Improvements	2,736
Gross Amounts at which Carried at Close of Period [Abstract]
Land	3,060
Buildings & Improvements	22,704
Total	25,764
Accumulated Depreciation Buildings & Improvements	(2,724)	[1]
Net Book Value Land, Buildings & Improvements	23,040
Date of Acquisition	12/28/06
Hyatt House, White Plains, NY [Member]
Real Estate and Accumulated Depreciation [Line Items]
Description	Hyatt House, White Plains, NY
Encumbrances	(33,030)
Initial Costs [Abstract]
Land	8,823
Buildings & Improvements	30,273
Costs Capitalized Subsequent to Acquisition [Abstract]
Land	0
Buildings & Improvements	2,514
Gross Amounts at which Carried at Close of Period [Abstract]
Land	8,823
Buildings & Improvements	32,787
Total	41,610
Accumulated Depreciation Buildings & Improvements	(4,167)	[1]
Net Book Value Land, Buildings & Improvements	37,443
Date of Acquisition	12/28/06
Holiday Inn Exp & Suites, Chester, NY [Member]
Real Estate and Accumulated Depreciation [Line Items]
Description	Holiday Inn Exp & Suites, Chester, NY
Encumbrances	(6,553)
Initial Costs [Abstract]
Land	1,500
Buildings & Improvements	6,671
Costs Capitalized Subsequent to Acquisition [Abstract]
Land	0
Buildings & Improvements	111
Gross Amounts at which Carried at Close of Period [Abstract]
Land	1,500
Buildings & Improvements	6,782
Total	8,282
Accumulated Depreciation Buildings & Improvements	(845)	[1]
Net Book Value Land, Buildings & Improvements	7,437
Date of Acquisition	01/25/07
Residence Inn, Carlisle, PA [Member]
Real Estate and Accumulated Depreciation [Line Items]
Description	Residence Inn, Carlisle, PA
Encumbrances	(6,597)
Initial Costs [Abstract]
Land	1,015
Buildings & Improvements	7,511
Costs Capitalized Subsequent to Acquisition [Abstract]
Land	0
Buildings & Improvements	47
Gross Amounts at which Carried at Close of Period [Abstract]
Land	1,015
Buildings & Improvements	7,558
Total	8,573
Accumulated Depreciation Buildings & Improvements	(947)	[1]
Net Book Value Land, Buildings & Improvements	7,626
Date of Acquisition	01/10/07
Hampton Inn, Seaport, NY [Member]
Real Estate and Accumulated Depreciation [Line Items]
Description	Hampton Inn, Seaport, NY
Encumbrances	(18,559)
Initial Costs [Abstract]
Land	7,816
Buildings & Improvements	19,040
Costs Capitalized Subsequent to Acquisition [Abstract]
Land	0
Buildings & Improvements	158
Gross Amounts at which Carried at Close of Period [Abstract]
Land	7,816
Buildings & Improvements	19,198
Total	27,014
Accumulated Depreciation Buildings & Improvements	(2,395)	[1]
Net Book Value Land, Buildings & Improvements	24,619
Date of Acquisition	02/01/07
Hotel 373-5th Ave, New York, NY [Member]
Real Estate and Accumulated Depreciation [Line Items]
Description	Hotel 373-5th Ave, New York, NY
Encumbrances	(22,000)
Initial Costs [Abstract]
Land	14,239
Buildings & Improvements	16,778
Costs Capitalized Subsequent to Acquisition [Abstract]
Land	0
Buildings & Improvements	93
Gross Amounts at which Carried at Close of Period [Abstract]
Land	14,239
Buildings & Improvements	16,871
Total	31,110
Accumulated Depreciation Buildings & Improvements	(1,955)	[1]
Net Book Value Land, Buildings & Improvements	29,155
Date of Acquisition	06/01/07
Sheraton Hotel, JFK Airport, NY [Member]
Real Estate and Accumulated Depreciation [Line Items]
Description	Sheraton Hotel, JFK Airport, NY
Encumbrances	0
Initial Costs [Abstract]
Land	0
Buildings & Improvements	27,315
Costs Capitalized Subsequent to Acquisition [Abstract]
Land	0
Buildings & Improvements	314
Gross Amounts at which Carried at Close of Period [Abstract]
Land	0
Buildings & Improvements	27,629
Total	27,629
Accumulated Depreciation Buildings & Improvements	(2,515)	[1]
Net Book Value Land, Buildings & Improvements	25,114
Date of Acquisition	06/13/08
Hampton Inn, Philadelphia, PA [Member]
Real Estate and Accumulated Depreciation [Line Items]
Description	Hampton Inn, Philadelphia, PA
Encumbrances	0
Initial Costs [Abstract]
Land	3,490
Buildings & Improvements	24,382
Costs Capitalized Subsequent to Acquisition [Abstract]
Land	0
Buildings & Improvements	5,727
Gross Amounts at which Carried at Close of Period [Abstract]
Land	3,490
Buildings & Improvements	30,109
Total	33,599
Accumulated Depreciation Buildings & Improvements	(7,076)	[1]
Net Book Value Land, Buildings & Improvements	26,523
Date of Acquisition	02/15/06
Duane Street, Tribeca, NY [Member]
Real Estate and Accumulated Depreciation [Line Items]
Description	Duane Street, Tribeca, NY
Encumbrances	(14,886)
Initial Costs [Abstract]
Land	8,213
Buildings & Improvements	12,869
Costs Capitalized Subsequent to Acquisition [Abstract]
Land	0
Buildings & Improvements	691
Gross Amounts at which Carried at Close of Period [Abstract]
Land	8,213
Buildings & Improvements	13,560
Total	21,773
Accumulated Depreciation Buildings & Improvements	(1,499)	[1]
Net Book Value Land, Buildings & Improvements	20,274
Date of Acquisition	01/04/08
NU Hotel, Brooklyn, NY [Member]
Real Estate and Accumulated Depreciation [Line Items]
Description	NU Hotel, Brooklyn, NY
Encumbrances	(18,000)
Initial Costs [Abstract]
Land	0
Buildings & Improvements	22,042
Costs Capitalized Subsequent to Acquisition [Abstract]
Land	0
Buildings & Improvements	277
Gross Amounts at which Carried at Close of Period [Abstract]
Land	0
Buildings & Improvements	22,319
Total	22,319
Accumulated Depreciation Buildings & Improvements	(1,962)	[1]
Net Book Value Land, Buildings & Improvements	20,357
Date of Acquisition	01/14/08
Towneplace Suites, Harrisburg, PA [Member]
Real Estate and Accumulated Depreciation [Line Items]
Description	Towneplace Suites, Harrisburg, PA
Encumbrances	0
Initial Costs [Abstract]
Land	1,237
Buildings & Improvements	10,136
Costs Capitalized Subsequent to Acquisition [Abstract]
Land	0
Buildings & Improvements	55
Gross Amounts at which Carried at Close of Period [Abstract]
Land	1,237
Buildings & Improvements	10,191
Total	11,428
Accumulated Depreciation Buildings & Improvements	(932)	[1]
Net Book Value Land, Buildings & Improvements	10,496
Date of Acquisition	05/08/08
Hampton Inn, Smithfield, RI [Member]
Real Estate and Accumulated Depreciation [Line Items]
Description	Hampton Inn, Smithfield, RI
Encumbrances	(6,540)
Initial Costs [Abstract]
Land	2,057
Buildings & Improvements	9,486
Costs Capitalized Subsequent to Acquisition [Abstract]
Land	0
Buildings & Improvements	47
Gross Amounts at which Carried at Close of Period [Abstract]
Land	2,057
Buildings & Improvements	9,533
Total	11,590
Accumulated Depreciation Buildings & Improvements	(816)	[1]
Net Book Value Land, Buildings & Improvements	10,774
Date of Acquisition	08/01/08
Hilton Garden Inn, Tribeca, NY [Member]
Real Estate and Accumulated Depreciation [Line Items]
Description	Hilton Garden Inn, Tribeca, NY
Encumbrances	(31,798)
Initial Costs [Abstract]
Land	21,077
Buildings & Improvements	42,955
Costs Capitalized Subsequent to Acquisition [Abstract]
Land	0
Buildings & Improvements	116
Gross Amounts at which Carried at Close of Period [Abstract]
Land	21,077
Buildings & Improvements	43,071
Total	64,148
Accumulated Depreciation Buildings & Improvements	(2,890)	[1]
Net Book Value Land, Buildings & Improvements	61,258
Date of Acquisition	05/01/09
Hampton Inn, West Haven, CT [Member]
Real Estate and Accumulated Depreciation [Line Items]
Description	Hampton Inn, West Haven, CT
Encumbrances	(7,407)
Initial Costs [Abstract]
Land	1,053
Buildings & Improvements	10,751
Costs Capitalized Subsequent to Acquisition [Abstract]
Land	0
Buildings & Improvements	47
Gross Amounts at which Carried at Close of Period [Abstract]
Land	1,053
Buildings & Improvements	10,798
Total	11,851
Accumulated Depreciation Buildings & Improvements	(589)	[1]
Net Book Value Land, Buildings & Improvements	11,262
Date of Acquisition	11/04/09
Hampton Inn, Times Square, NY [Member]
Real Estate and Accumulated Depreciation [Line Items]
Description	Hampton Inn, Times Square, NY
Encumbrances	0
Initial Costs [Abstract]
Land	10,691
Buildings & Improvements	41,637
Costs Capitalized Subsequent to Acquisition [Abstract]
Land	0
Buildings & Improvements	24
Gross Amounts at which Carried at Close of Period [Abstract]
Land	10,691
Buildings & Improvements	41,661
Total	52,352
Accumulated Depreciation Buildings & Improvements	(1,967)	[1]
Net Book Value Land, Buildings & Improvements	50,385
Date of Acquisition	02/09/10
Holiday Inn Express, Times Square, NY [Member]
Real Estate and Accumulated Depreciation [Line Items]
Description	Holiday Inn Express, Times Square, NY
Encumbrances	(41,160)
Initial Costs [Abstract]
Land	11,075
Buildings & Improvements	43,113
Costs Capitalized Subsequent to Acquisition [Abstract]
Land	0
Buildings & Improvements	26
Gross Amounts at which Carried at Close of Period [Abstract]
Land	11,075
Buildings & Improvements	43,139
Total	54,214
Accumulated Depreciation Buildings & Improvements	(2,037)	[1]
Net Book Value Land, Buildings & Improvements	52,177
Date of Acquisition	02/09/10
Candlewood Suites, Times Square, NY [Member]
Real Estate and Accumulated Depreciation [Line Items]
Description	Candlewood Suites, Times Square, NY
Encumbrances	0
Initial Costs [Abstract]
Land	10,281
Buildings & Improvements	36,687
Costs Capitalized Subsequent to Acquisition [Abstract]
Land	0
Buildings & Improvements	5
Gross Amounts at which Carried at Close of Period [Abstract]
Land	10,281
Buildings & Improvements	36,692
Total	46,973
Accumulated Depreciation Buildings & Improvements	(1,732)	[1]
Net Book Value Land, Buildings & Improvements	45,241
Date of Acquisition	02/09/10
Hyatt Place, KOP, PA [Member]
Real Estate and Accumulated Depreciation [Line Items]
Description	Hyatt Place, KOP, PA
Encumbrances	0
Initial Costs [Abstract]
Land	1,133
Buildings & Improvements	7,267
Costs Capitalized Subsequent to Acquisition [Abstract]
Land	0
Buildings & Improvements	3,884
Gross Amounts at which Carried at Close of Period [Abstract]
Land	1,133
Buildings & Improvements	11,151
Total	12,284
Accumulated Depreciation Buildings & Improvements	(2,503)	[1]
Net Book Value Land, Buildings & Improvements	9,781
Date of Acquisition	08/17/10
Holiday Inn Express, Wall Street, NY [Member]
Real Estate and Accumulated Depreciation [Line Items]
Description	Holiday Inn Express, Wall Street, NY
Encumbrances	0
Initial Costs [Abstract]
Land	12,152
Buildings & Improvements	21,100
Costs Capitalized Subsequent to Acquisition [Abstract]
Land	0
Buildings & Improvements	1
Gross Amounts at which Carried at Close of Period [Abstract]
Land	12,152
Buildings & Improvements	21,101
Total	33,253
Accumulated Depreciation Buildings & Improvements	(871)	[1]
Net Book Value Land, Buildings & Improvements	32,382
Date of Acquisition	05/09/10
Hampton Inn, Washington, DC [Member]
Real Estate and Accumulated Depreciation [Line Items]
Description	Hampton Inn, Washington, DC
Encumbrances	0
Initial Costs [Abstract]
Land	9,335
Buildings & Improvements	58,048
Costs Capitalized Subsequent to Acquisition [Abstract]
Land	0
Buildings & Improvements	8
Gross Amounts at which Carried at Close of Period [Abstract]
Land	9,335
Buildings & Improvements	58,056
Total	67,391
Accumulated Depreciation Buildings & Improvements	(1,935)	[1]
Net Book Value Land, Buildings & Improvements	65,456
Date of Acquisition	09/01/10
Courtyard Inn, Alexandria, VA [Member]
Real Estate and Accumulated Depreciation [Line Items]
Description	Courtyard, Alexandria, VA
Encumbrances	(24,392)
Initial Costs [Abstract]
Land	6,376
Buildings & Improvements	26,089
Costs Capitalized Subsequent to Acquisition [Abstract]
Land	0
Buildings & Improvements	1,654
Gross Amounts at which Carried at Close of Period [Abstract]
Land	6,376
Buildings & Improvements	27,743
Total	34,119
Accumulated Depreciation Buildings & Improvements	(3,727)	[1]
Net Book Value Land, Buildings & Improvements	30,392
Date of Acquisition	09/29/06
Sheraton, Wilmington South, DE [Member]
Real Estate and Accumulated Depreciation [Line Items]
Description	Sheraton, Wilmington South, DE
Encumbrances	0
Initial Costs [Abstract]
Land	1,765
Buildings & Improvements	16,929
Costs Capitalized Subsequent to Acquisition [Abstract]
Land	0
Buildings & Improvements	0
Gross Amounts at which Carried at Close of Period [Abstract]
Land	1,765
Buildings & Improvements	16,929
Total	18,694
Accumulated Depreciation Buildings & Improvements	(58)
Net Book Value Land, Buildings & Improvements	18,636
Date of Acquisition	12/21/10
Holiday Inn, Water Street, NY [Member]
Real Estate and Accumulated Depreciation [Line Items]
Description	Holiday Inn, Water Street, NY
Encumbrances	0
Initial Costs [Abstract]
Land	7,341
Buildings & Improvements	28,591
Costs Capitalized Subsequent to Acquisition [Abstract]
Land	0
Buildings & Improvements	0
Gross Amounts at which Carried at Close of Period [Abstract]
Land	7,341
Buildings & Improvements	28,591
Total	35,932
Accumulated Depreciation Buildings & Improvements	(550)
Net Book Value Land, Buildings & Improvements	35,382
Date of Acquisition	03/25/11
Capital Hill Suites, Washington, DC [Member]
Real Estate and Accumulated Depreciation [Line Items]
Description	Capital Hill Suites Washington, DC
Encumbrances	(32,500)
Initial Costs [Abstract]
Land	8,095
Buildings & Improvements	35,141
Costs Capitalized Subsequent to Acquisition [Abstract]
Land	0
Buildings & Improvements	358
Gross Amounts at which Carried at Close of Period [Abstract]
Land	8,095
Buildings & Improvements	35,499
Total	43,594
Accumulated Depreciation Buildings & Improvements	(629)
Net Book Value Land, Buildings & Improvements	42,965
Date of Acquisition	04/15/11
Courtyard, LA Westside, CA [Member]
Real Estate and Accumulated Depreciation [Line Items]
Description	Courtyard, LA Westside, CA
Encumbrances	(30,000)
Initial Costs [Abstract]
Land	13,489
Buildings & Improvements	27,025
Costs Capitalized Subsequent to Acquisition [Abstract]
Land	0
Buildings & Improvements	16
Gross Amounts at which Carried at Close of Period [Abstract]
Land	13,489
Buildings & Improvements	27,041
Total	40,530
Accumulated Depreciation Buildings & Improvements	(419)
Net Book Value Land, Buildings & Improvements	40,111
Date of Acquisition	05/19/11
Courtyard, Miami, FL [Member]
Real Estate and Accumulated Depreciation [Line Items]
Description	Courtyard, Miami, FL
Encumbrances	(29,987)
Initial Costs [Abstract]
Land	35,699
Buildings & Improvements	55,805
Costs Capitalized Subsequent to Acquisition [Abstract]
Land	0
Buildings & Improvements	0
Gross Amounts at which Carried at Close of Period [Abstract]
Land	35,699
Buildings & Improvements	55,805
Total	91,504
Accumulated Depreciation Buildings & Improvements	(164)
Net Book Value Land, Buildings & Improvements	91,340
Date of Acquisition	11/16/11
8th Ave Land, New York City, NY [Member]
Real Estate and Accumulated Depreciation [Line Items]
Description	8th Ave Land, New York City, NY	[2]
Encumbrances	(11,890)	[2]
Initial Costs [Abstract]
Land	21,575	[2]
Buildings & Improvements	0	[2]
Costs Capitalized Subsequent to Acquisition [Abstract]
Land	(9,031)	[2]
Buildings & Improvements	108	[2]
Gross Amounts at which Carried at Close of Period [Abstract]
Land	12,544	[2]
Buildings & Improvements	108	[2]
Total	12,652	[2]
Accumulated Depreciation Buildings & Improvements	(27)	[1],[2]
Net Book Value Land, Buildings & Improvements	12,625	[2]
Date of Acquisition	06/28/06	[2]
Hampton Inn, Carlisle, PA [Member] | Assets Held-for-sale [Member]
Real Estate and Accumulated Depreciation [Line Items]
Description	Hampton Inn, Carlisle, PA
Encumbrances	0
Initial Costs [Abstract]
Land	300
Buildings & Improvements	3,109
Costs Capitalized Subsequent to Acquisition [Abstract]
Land	200
Buildings & Improvements	2,412
Gross Amounts at which Carried at Close of Period [Abstract]
Land	500
Buildings & Improvements	5,521
Total	6,021
Accumulated Depreciation Buildings & Improvements	(1,938)
Net Book Value Land, Buildings & Improvements	4,083
Date of Acquisition	06/01/97
Hampton Inn, Selinsgrove, PA [Member] | Assets Held-for-sale [Member]
Real Estate and Accumulated Depreciation [Line Items]
Description	Hampton Inn, Selinsgrove, PA
Encumbrances	0
Initial Costs [Abstract]
Land	157
Buildings & Improvements	2,511
Costs Capitalized Subsequent to Acquisition [Abstract]
Land	93
Buildings & Improvements	2,519
Gross Amounts at which Carried at Close of Period [Abstract]
Land	250
Buildings & Improvements	5,030
Total	5,280
Accumulated Depreciation Buildings & Improvements	(1,966)
Net Book Value Land, Buildings & Improvements	3,314
Date of Acquisition	09/12/96
Hampton Inn, Danville, PA [Member] | Assets Held-for-sale [Member]
Real Estate and Accumulated Depreciation [Line Items]
Description	Hampton Inn, Danville, PA
Encumbrances	0
Initial Costs [Abstract]
Land	300
Buildings & Improvements	2,787
Costs Capitalized Subsequent to Acquisition [Abstract]
Land	99
Buildings & Improvements	1,282
Gross Amounts at which Carried at Close of Period [Abstract]
Land	399
Buildings & Improvements	4,069
Total	4,468
Accumulated Depreciation Buildings & Improvements	(1,361)
Net Book Value Land, Buildings & Improvements	3,107
Date of Acquisition	08/28/97
Hilton Garden Inn, Edison, NJ [Member] | Assets Held-for-sale [Member]
Real Estate and Accumulated Depreciation [Line Items]
Description	Hilton Garden Inn, Edison, NJ
Encumbrances	0
Initial Costs [Abstract]
Land	0
Buildings & Improvements	12,159
Costs Capitalized Subsequent to Acquisition [Abstract]
Land	0
Buildings & Improvements	(4,529)
Gross Amounts at which Carried at Close of Period [Abstract]
Land	0
Buildings & Improvements	7,630
Total	7,630
Accumulated Depreciation Buildings & Improvements	(2,583)
Net Book Value Land, Buildings & Improvements	5,047
Date of Acquisition	10/01/03
Fairfield Inn, Laurel, MD [Member] | Assets Held-for-sale [Member]
Real Estate and Accumulated Depreciation [Line Items]
Description	Fairfield Inn, Laurel, MD
Encumbrances	(7,071)
Initial Costs [Abstract]
Land	927
Buildings & Improvements	6,120
Costs Capitalized Subsequent to Acquisition [Abstract]
Land	(48)
Buildings & Improvements	710
Gross Amounts at which Carried at Close of Period [Abstract]
Land	879
Buildings & Improvements	6,830
Total	7,709
Accumulated Depreciation Buildings & Improvements	(1,463)
Net Book Value Land, Buildings & Improvements	6,246
Date of Acquisition	01/31/05
Holiday Inn Exp, Malvern, PA [Member] | Assets Held-for-sale [Member]
Real Estate and Accumulated Depreciation [Line Items]
Description	Holiday Inn Exp, Malvern, PA
Encumbrances	(3,822)
Initial Costs [Abstract]
Land	2,639
Buildings & Improvements	5,324
Costs Capitalized Subsequent to Acquisition [Abstract]
Land	(1,085)
Buildings & Improvements	(2,261)
Gross Amounts at which Carried at Close of Period [Abstract]
Land	1,554
Buildings & Improvements	3,063
Total	4,617
Accumulated Depreciation Buildings & Improvements	(883)
Net Book Value Land, Buildings & Improvements	3,734
Date of Acquisition	05/24/05
Residence Inn, Williamsburg, VA [Member] | Assets Held-for-sale [Member]
Real Estate and Accumulated Depreciation [Line Items]
Description	Residence Inn, Williamsburg, VA
Encumbrances	(6,542)
Initial Costs [Abstract]
Land	1,911
Buildings & Improvements	11,625
Costs Capitalized Subsequent to Acquisition [Abstract]
Land	495
Buildings & Improvements	(1,241)
Gross Amounts at which Carried at Close of Period [Abstract]
Land	1,416
Buildings & Improvements	10,384
Total	11,800
Accumulated Depreciation Buildings & Improvements	(3,084)
Net Book Value Land, Buildings & Improvements	8,716
Date of Acquisition	11/22/05
Springhill Suites, Williamsburg, VA [Member] | Assets Held-for-sale [Member]
Real Estate and Accumulated Depreciation [Line Items]
Description	Springhill Suites, Williamsburg, VA
Encumbrances	(4,455)
Initial Costs [Abstract]
Land	1,430
Buildings & Improvements	10,293
Costs Capitalized Subsequent to Acquisition [Abstract]
Land	755
Buildings & Improvements	(2,507)
Gross Amounts at which Carried at Close of Period [Abstract]
Land	675
Buildings & Improvements	7,786
Total	8,461
Accumulated Depreciation Buildings & Improvements	(2,567)
Net Book Value Land, Buildings & Improvements	5,894
Date of Acquisition	11/22/05
Courtyard, Scranton, PA [Member] | Assets Held-for-sale [Member]
Real Estate and Accumulated Depreciation [Line Items]
Description	Courtyard, Scranton, PA
Encumbrances	(5,866)
Initial Costs [Abstract]
Land	761
Buildings & Improvements	7,193
Costs Capitalized Subsequent to Acquisition [Abstract]
Land	(106)
Buildings & Improvements	712
Gross Amounts at which Carried at Close of Period [Abstract]
Land	655
Buildings & Improvements	7,905
Total	8,560
Accumulated Depreciation Buildings & Improvements	(1,621)
Net Book Value Land, Buildings & Improvements	6,939
Date of Acquisition	02/01/06
Fairfield Inn, Bethlehem, PA [Member] | Assets Held-for-sale [Member]
Real Estate and Accumulated Depreciation [Line Items]
Description	Fairfield Inn, Bethlehem, PA
Encumbrances	(5,791)
Initial Costs [Abstract]
Land	1,399
Buildings & Improvements	6,778
Costs Capitalized Subsequent to Acquisition [Abstract]
Land	(426)
Buildings & Improvements	(1,470)
Gross Amounts at which Carried at Close of Period [Abstract]
Land	973
Buildings & Improvements	5,308
Total	6,281
Accumulated Depreciation Buildings & Improvements	(1,166)
Net Book Value Land, Buildings & Improvements	5,115
Date of Acquisition	01/03/06
Residence Inn, Dartmouth, MA [Member] | Assets Held-for-sale [Member]
Real Estate and Accumulated Depreciation [Line Items]
Description	Residence Inn, Dartmouth, MA
Encumbrances	(8,223)
Initial Costs [Abstract]
Land	1,933
Buildings & Improvements	10,434
Costs Capitalized Subsequent to Acquisition [Abstract]
Land	(313)
Buildings & Improvements	(851)
Gross Amounts at which Carried at Close of Period [Abstract]
Land	1,620
Buildings & Improvements	9,583
Total	11,203
Accumulated Depreciation Buildings & Improvements	(1,510)
Net Book Value Land, Buildings & Improvements	9,693
Date of Acquisition	05/01/06
Hyatt House, Charlotte, NC [Member] | Assets Held-for-sale [Member]
Real Estate and Accumulated Depreciation [Line Items]
Description	Hyatt House, Charlotte, NC
Encumbrances	(7,330)
Initial Costs [Abstract]
Land	770
Buildings & Improvements	7,315
Costs Capitalized Subsequent to Acquisition [Abstract]
Land	0
Buildings & Improvements	1,654
Gross Amounts at which Carried at Close of Period [Abstract]
Land	770
Buildings & Improvements	8,969
Total	9,739
Accumulated Depreciation Buildings & Improvements	(1,641)
Net Book Value Land, Buildings & Improvements	8,098
Date of Acquisition	12/28/06
Holiday Inn, Norwich, CT [Member] | Assets Held-for-sale [Member]
Real Estate and Accumulated Depreciation [Line Items]
Description	Holiday Inn, Norwich, CT
Encumbrances	0
Initial Costs [Abstract]
Land	1,984
Buildings & Improvements	12,037
Costs Capitalized Subsequent to Acquisition [Abstract]
Land	(1,085)
Buildings & Improvements	(5,563)
Gross Amounts at which Carried at Close of Period [Abstract]
Land	899
Buildings & Improvements	6,474
Total	7,373
Accumulated Depreciation Buildings & Improvements	(1,377)
Net Book Value Land, Buildings & Improvements	5,996
Date of Acquisition	07/01/07
Hilton Garden Inn, Glastonbury, CT [Member] | Assets Held-for-sale [Member]
Real Estate and Accumulated Depreciation [Line Items]
Description	Hilton Garden Inn, Glastonbury, CT
Encumbrances	(12,658)
Initial Costs [Abstract]
Land	1,898
Buildings & Improvements	12,981
Costs Capitalized Subsequent to Acquisition [Abstract]
Land	(175)
Buildings & Improvements	(1,135)
Gross Amounts at which Carried at Close of Period [Abstract]
Land	1,723
Buildings & Improvements	11,846
Total	13,569
Accumulated Depreciation Buildings & Improvements	(542)
Net Book Value Land, Buildings & Improvements	13,027
Date of Acquisition	01/01/10
Holiday Inn Express, Camp Springs, MD [Member]
Real Estate and Accumulated Depreciation [Line Items]
Description	Holiday Inn Express, Camp Springs, MD
Encumbrances	0
Initial Costs [Abstract]
Land	1,629
Buildings & Improvements	11,094
Costs Capitalized Subsequent to Acquisition [Abstract]
Land	0
Buildings & Improvements	329
Gross Amounts at which Carried at Close of Period [Abstract]
Land	1,629
Buildings & Improvements	11,423
Total	13,052
Accumulated Depreciation Buildings & Improvements	(1,089)
Net Book Value Land, Buildings & Improvements	$ 11,963
Date of Acquisition	06/26/08

[1] Assets are depreciated over a 7 to 40 year life, upon which the latest income statement is computed

[2] Costs capitalized subsequent to acquisition include reductions of asset value due to impairment.