CONSOLIDATED BALANCE SHEETS (UNAUDITED) (USD $) In Thousands, unless otherwise specified	Mar. 31, 2013	Dec. 31, 2012
Assets:
Investment in Hotel Properties, net of Accumulated Depreciation, (including consolidation of variable interest entity assets of $86,673 and $86,657)	$ 1,469,719	$ 1,466,713
Investment in Unconsolidated Joint Ventures	14,257	16,007
Development Loans Receivable	15,282	28,425
Cash and Cash Equivalents	83,060	69,059
Escrow Deposits	31,523	26,792
Hotel Accounts Receivable, net of allowance for doubtful accounts of $4 and $365	11,185	11,538
Deferred Financing Costs, net of Accumulated Amortization of $5,367 and $4,841	7,987	8,695
Due from Related Parties	12,064	8,488
Intangible Assets, net of Accumulated Amortization of $2,783 and $2,413	8,334	8,698
Deposits on Hotel Acquisitions	40,236	37,750
Other Assets	25,069	25,514
Total Assets	1,718,716	1,707,679
Liabilities and Equity:
Line of Credit	0	0
Unsecured Term Loan	150,000	100,000
Mortgages and Notes Payable, including net Unamortized Premium (including consolidation of variable interest entity debt of $56,864 and $57,256)	656,058	692,708
Accounts Payable, Accrued Expenses and Other Liabilities	39,755	33,838
Dividends and Distributions Payable	15,223	15,621
Due to Related Parties	5,088	4,403
Total Liabilities	866,124	846,570
Redeemable Noncontrolling Interests - Common Units (Note 1)	0	15,321
Shareholders' Equity:
Preferred Shares: $.01 Par Value, 29,000,000 shares Authorized, 7,600,000 Series B and C Shares Issued and Outanding at March 31, 2013 and 7,000,000 Series A and B shares Issued and Outstanding at December 31, 2012, with liquidation preferences of $25 per share (Note 1)	76	70
Accumulated Other Comprehensive Loss	(1,630)	(1,786)
Additional Paid-in Capital	1,194,895	1,178,292
Distributions in Excess of Net Income	(372,831)	(348,734)
Total Shareholders' Equity	822,480	829,828
Noncontrolling Interests (Note 1):
Noncontrolling Interests - Common Units	29,837	15,484
Noncontrolling Interest In Variable Interest Entity	275	476
Total Noncontrolling Interests	30,112	15,960
Total Equity	852,592	845,788
Total Liabilities and Equity	1,718,716	1,707,679
Class A Common Shares [Member]
Shareholders' Equity:
Common Shares	2,026	1,986
Class B Common Shares [Member]
Shareholders' Equity:
Common Shares	$ 0	$ 0