CONSOLIDATED STATEMENTS OF OPERATIONS (USD $) In Thousands, except Per Share data	3 Months Ended		6 Months Ended
	Jun. 30, 2011	Jun. 30, 2010	Jun. 30, 2011	Jun. 30, 2010
REVENUES
Room	$ 150,280	$ 106,805	$ 256,760	$ 196,106
Food and beverage	51,043	39,374	90,328	76,535
Other operating	16,931	11,214	30,224	22,538
Total revenues	218,254	157,393	377,312	295,179
OPERATING EXPENSES
Room	35,837	26,354	64,888	50,345
Food and beverage	36,106	28,244	65,832	55,112
Other operating	6,229	5,549	12,188	11,379
Advertising and promotion	10,365	7,773	18,987	15,006
Repairs and maintenance	8,249	6,473	15,521	12,795
Utilities	7,232	5,432	14,077	11,157
Franchise costs	7,484	5,636	12,734	10,151
Property tax, ground lease and insurance	14,573	10,516	28,565	20,683
Property general and administrative	25,225	18,434	45,245	35,154
Corporate overhead	6,316	5,132	13,973	9,708
Depreciation and amortization	32,659	22,974	58,881	46,221
Property and goodwill impairment losses		1,943		1,943
Total operating expenses	190,275	144,460	350,891	279,654
Operating income	27,979	12,933	26,421	15,525
Equity in earnings of unconsolidated joint ventures	0	163	21	275
Interest and other income	1,320	99	1,429	270
Interest expense	(21,153)	(16,851)	(38,937)	(36,729)
Gain on remeasurement of equity interests	0		69,230
Income (loss) from continuing operations	8,146	(3,656)	58,164	(20,659)
Income (loss) from discontinued operations	30,783	3,964	32,100	(124)
NET INCOME (LOSS)	38,929	308	90,264	(20,783)
Income from consolidated joint venture attributable to non-controlling interest	(244)		(244)
Distributions to non-controlling interest	(7)		(14)
Preferred stock dividends and accretion	(7,310)	(5,187)	(12,447)	(10,374)
Undistributed income allocated to unvested restricted stock compensation	(291)		(717)
INCOME AVAILABLE (LOSS ATTRIBUTABLE) TO COMMON STOCKHOLDERS	$ 31,077	$ (4,879)	$ 76,842	$ (31,157)
Basic per share amounts:
Income (loss) from continuing operations available (attributable) to common stockholders (in dollars per share)	$ 0	$ (0.09)	$ 0.38	$ (0.32)
Income from discontinued operations (in dollars per share)	$ 0.27	$ 0.04	$ 0.28
Basic income available (loss attributable) to common stockholders per common share (in dollars per share)	$ 0.27	$ (0.05)	$ 0.66	$ (0.32)
Diluted per share amounts:
Income (loss) from continuing operations available (attributable) to common stockholders (in dollars per share)	$ 0	$ (0.09)	$ 0.38	$ (0.32)
Income from discontinued operations (in dollars per share)	$ 0.26	$ 0.04	$ 0.28
Diluted income available (loss attributable) to common stockholders per common share (in dollars per share)	$ 0.26	$ (0.05)	$ 0.66	$ (0.32)
Weighted average common shares outstanding:
Basic (in shares)	117,227	97,188	117,151	97,118
Diluted (in shares)	117,314	97,188	117,267	97,118
Dividends declared per common share (in dollars per share)	$ 0	$ 0	$ 0	$ 0