CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (USD $) In Thousands, except Per Share data, unless otherwise specified	12 Months Ended
	Dec. 31, 2012	Dec. 31, 2011	Dec. 31, 2010
REVENUES
Room	$ 576,146	$ 501,183	$ 351,039
Food and beverage	200,810	175,103	138,188
Other operating	52,128	45,508	26,373
Total revenues	829,084	721,794	515,600
OPERATING EXPENSES
Room	147,932	128,225	92,101
Food and beverage	139,106	126,139	98,889
Other operating	16,162	14,004	11,535
Advertising and promotion	42,474	37,226	27,326
Repairs and maintenance	32,042	29,067	22,608
Utilities	25,596	25,537	19,117
Franchise costs	30,067	25,595	18,032
Property tax, ground lease and insurance	66,830	58,010	35,280
Property general and administrative	94,642	85,293	61,753
Corporate overhead	24,316	25,453	21,751
Depreciation and amortization	130,907	113,708	79,633
Impairment loss		10,862
Total operating expenses	750,074	679,119	488,025
Operating income	79,010	42,675	27,575
Equity in earnings of unconsolidated joint ventures		21	555
Interest and other income	297	3,115	112
Interest expense	(76,821)	(74,195)	(58,931)
Loss on extinguishment of debt	(191)
Gain on remeasurement of equity interests		69,230
Income (loss) before income taxes and discontinued operations	2,295	40,846	(30,689)
Income tax provision	(1,148)
Income (loss) from continuing operations	1,147	40,846	(30,689)
Income from discontinued operations	48,410	40,453	69,231
NET INCOME	49,557	81,299	38,542
Income from consolidated joint venture attributable to non-controlling interest	(1,761)	(312)
Distributions to non-controlling interest	(31)	(30)
Preferred stock dividends and accretion	(29,748)	(27,321)	(20,652)
Undistributed income allocated to unvested restricted stock compensation	(203)	(636)	(102)
INCOME AVAILABLE TO COMMON STOCKHOLDERS	17,814	53,000	17,788
Basic and diluted per share amounts:
Income (loss) from continuing operations available (attributable) to common stockholders (in dollars per share)	$ (0.24)	$ 0.11	$ (0.52)
Income from discontinued operations (in dollars per share)	$ 0.38	$ 0.34	$ 0.70
Basic and diluted income available to common stockholders per common share (in dollars per share)	$ 0.14	$ 0.45	$ 0.18
Basic and diluted weighted average common shares outstanding (in shares)	127,027	117,206	99,709
Other comprehensive income (loss):
Pension liability adjustment	(419)	(1,779)	(156)
Comprehensive income available to common stockholders	$ 17,395	$ 51,221	$ 17,632