CONSOLIDATED BALANCE SHEETS (USD $) In Thousands	Jun. 30, 2011	Dec. 31, 2010
Current assets:
Cash and cash equivalents ($1,634 and $1,365 related to VIEs)	$ 144,728	$ 276,034
Restricted cash ($3,077 and $3,581 related to VIEs)	61,143	54,954
Accounts receivable, net ($4,510 and $1,885 related to VIEs)	36,760	17,285
Due from affiliates	3	44
Inventories ($208 and $159 related to VIEs)	2,276	2,101
Prepaid expenses	6,036	7,808
Investment in hotel properties of discontinued operations, net	14,986	131,404
Investment in other real estate of discontinued operations, net	88	896
Other current assets of discontinued operations, net	2,783	5,128
Total current assets	268,803	495,654
Investment in hotel properties, net	2,813,937	1,902,819
Other real estate, net	11,640	11,116
Investments in unconsolidated joint ventures		246
Deferred financing fees, net	12,260	8,855
Interest rate cap derivative agreements	22
Goodwill	13,088	4,673
Other assets, net ($0 and $3 related to VIEs)	111,840	12,743
Total assets	3,231,590	2,436,106
Current liabilities:
Accounts payable and accrued expenses ($834 and $713 related to VIEs)	28,044	20,889
Accrued payroll and employee benefits ($1,060 and $1,123 related to VIEs)	17,013	12,674
Due to Third-Party Managers	5,942	7,573
Dividends payable	7,310	5,137
Other current liabilities ($2,229 and $1,439 related to VIEs)	27,662	16,907
Current portion of notes payable	292,189	16,196
Note payable of discontinued operations	11,629	11,773
Other current liabilities of discontinued operations, net	971	21,600
Total current liabilities	390,760	112,749
Notes payable, less current portion	1,379,356	1,115,334
Interest rate swap derivative agreement	501
Other liabilities ($15 and $30 related to VIEs)	10,263	8,724
Total liabilities	1,780,880	1,236,807
Commitments and contingencies (Note 13)
Preferred stock, Series C Cumulative Convertible Redeemable Preferred Stock, $0.01 par value, 4,102,564 shares authorized, issued and outstanding at June 30, 2011 and December 31, 2010, liquidation preference of $24.375 per share	100,000	100,000
Preferred stock, $0.01 par value, 100,000,000 shares authorized.
Common stock, $0.01 par value, 500,000,000 shares authorized, 117,242,818 shares issued and outstanding at June 30, 2011 and 116,950,504 shares issued and outstanding at December 31, 2010	1,172	1,170
Additional paid in capital	1,311,037	1,313,498
Retained earnings	119,613	29,593
Cumulative dividends	(430,522)	(418,075)
Accumulated other comprehensive loss	(3,137)	(3,137)
Total stockholders' equity	1,289,413	1,099,299
Non-controlling interest in consolidated joint ventures	61,297
Total equity	1,350,710	1,099,299
Total liabilities and equity	3,231,590	2,436,106
Preferred Stock, Series A
Preferred stock, $0.01 par value, 100,000,000 shares authorized.
Preferred stock 8.0% Cumulative Redeemable Preferred Stock	176,250	176,250
Total equity	176,250	176,250
Preferred Stock, Series D
Preferred stock, $0.01 par value, 100,000,000 shares authorized.
Preferred stock 8.0% Cumulative Redeemable Preferred Stock	115,000
Total equity	$ 115,000