CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $) In Thousands, unless otherwise specified	12 Months Ended
	Dec. 31, 2011	Dec. 31, 2010	Dec. 31, 2009
CASH FLOWS FROM OPERATING ACTIVITIES
Net income (loss)	$ 81,299	$ 38,542	$ (269,608)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:
Bad debt expense	630	89	5,976
(Gain) loss on sales of hotel properties and other assets, net	(14,995)	382	12,677
Gain on remeasurement of equity interests	(69,230)
Gain on extinguishment of debt	(18,145)	(86,235)	(54,506)
Loss on derivatives	2,655
Depreciation	118,834	100,670	110,642
Amortization of franchise fees and other intangibles	15,069	543	418
Amortization and write-off of deferred financing fees	3,305	3,623	2,673
Amortization of loan discounts	1,062	996	1,813
Amortization of deferred stock compensation	2,745	3,942	4,055
Impairment loss	12,357	1,943	226,145
Equity in net (earnings) losses of unconsolidated joint ventures	(21)	(555)	27,801
Changes in operating assets and liabilities:
Restricted cash	13,322	(19,234)	(879)
Accounts receivable	(4,161)	4,269	9,903
Due from affiliates	38	18	47
Inventories	(316)	(163)	290
Prepaid expenses and other assets	2,558	(4,494)	2,008
Accounts payable and other liabilities	5,422	(1,301)	(4,537)
Accrued payroll and employee benefits	2,424	3,829	712
Due to Third-Party Managers	(404)	(2,449)	(3,942)
Discontinued operations	1,942	(820)	(6,875)
Net cash provided by operating activities	156,390	43,595	64,813
CASH FLOWS FROM INVESTING ACTIVITIES
Proceeds from sales of hotel properties and other assets	44,576	63	64,073
Cash received from unconsolidated joint venture		900	500
Restricted cash - replacement reserve	(8,143)	(931)	(1,823)
Acquisitions of notes receivable		(3,950)
Proceeds received from sale of note receivable	79,194
Acquisitions of hotel properties and other assets	(263,264)	(142,410)
Renovations and additions to hotel properties and other real estate	(100,400)	(56,984)	(44,105)
Payments for interest rate derivatives	(1,082)
Net cash (used in) provided by investing activities	(249,119)	(203,312)	18,645
CASH FLOWS FROM FINANCING ACTIVITIES
Proceeds from preferred stock offering	115,000
Payment of preferred stock offering costs	(4,052)
Proceeds from common stock offering		199,875	269,100
Payment of common stock offering costs		(9,233)	(12,025)
Proceeds from notes payable and credit facility	460,000	92,500	60,000
Payments on notes payable and credit facility	(568,308)	(175,175)	(74,406)
Payments for repurchases of notes payable and related costs			(117,450)
Payments of deferred financing costs	(9,049)	(4,788)	(3,540)
Dividends paid	(25,021)	(20,548)	(27,911)
Distributions to non-controlling interests	(1,342)
Net cash (used in) provided by financing activities	(32,772)	82,631	93,768
Net increase (decrease) in cash and cash equivalents	(125,501)	(77,086)	177,226
Cash and cash equivalents, beginning of year	276,034	353,120	175,894
Cash and cash equivalents, end of year	150,533	276,034	353,120
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION
Cash paid for interest	76,015	65,780	91,407
NONCASH INVESTING ACTIVITY
Issuance of note receivable	90,000
Accounts payable related to renovations and additions to hotel properties and other real estate	8,304	8,739	1,712
Deconsolidation of assets of hotels placed into receivership			60,770
Deconsolidation of liabilities of hotels placed into receivership			101,221
Amortization of deferred stock compensation - construction activities	376	182	188
Amortization of deferred stock compensation - unconsolidated joint venture	2	32	47
Forgiveness of interest on note receivable			(1,050)
NONCASH FINANCING ACTIVITY
Assumption of debt in connection with acquisitions of hotel properties	545,952
Assignment of debt in connection with disposition of hotel property	(11,532)
Issuance of stock dividend			29,056
Dividends payable	$ 7,437	$ 5,137	$ 5,137