INVESTMENT IN HOTEL PROPERTIES (Details) (USD $) In Thousands, unless otherwise specified	3 Months Ended											3 Months Ended			3 Months Ended
	Mar. 31, 2013	Mar. 31, 2012	Dec. 31, 2012	Mar. 31, 2013 Land [Member]	Dec. 31, 2012 Land [Member]	Mar. 31, 2013 Building and Improvements [Member]	Dec. 31, 2012 Building and Improvements [Member]	Mar. 31, 2013 Furniture, Fixtures and Equipment [Member]	Dec. 31, 2012 Furniture, Fixtures and Equipment [Member]	Mar. 31, 2013 Construction in Progress [Member]	Dec. 31, 2012 Construction in Progress [Member]	Mar. 31, 2013 Holiday Inn Express, New York, NY [Member]	Mar. 31, 2013 32 Pearl Street, New York, NY [Member]	Jul. 22, 2011 32 Pearl Street, New York, NY [Member]	Mar. 31, 2013 Hampton Inn, Pearl Street, New York, NY [Member]	Mar. 31, 2013 Courtyard by Mariott, Miami, FL [Member]	Mar. 31, 2013 Hyatt Union Square, New York, NY [Member]	Apr. 09, 2013 Hyatt Union Square, New York, NY [Member]
Business Acquisition [Line Items]
Total investment in hotel properties, gross	$ 1,750,289		$ 1,732,615	$ 305,286	$ 305,286	$ 1,222,591	$ 1,214,865	$ 176,924	$ 171,892	$ 45,488	$ 40,572
Less accumulated depreciation	(280,570)		(265,902)
Total investment in hotel properties, net	1,469,719		1,466,713
Acquisitions [Abstract]
Acquisition date																	4/09/2013
Business acquisition, cash paid														28,300			15,022	36,000
Business acquisition prior cash deposits																	22,000
Business acquisition development loan forgiveness																	10,000
Business acquisition development loan forgiveness, second	3,303
Business acquisition mortgage financing secured																	55,000
Asset Development and Renovation [Abstract]
Business acquisition, cash paid														28,300			15,022	36,000
Development costs													4,140
Property tax expense													503
Construction costs																9,408
Estimated impairment charge												1,586			1,997
Corresponding insurance claim												1,486			1,897
Estimated receive from the property insurance claim	3,383
Property insurance received	$ 400	$ 0