CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)	6 Months Ended
	Jun. 30, 2013	Jun. 30, 2012
CASH FLOWS FROM OPERATING ACTIVITIES
Net income (loss)	$ 48,935,000	$ (1,113,000)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:
Bad debt expense (recovery)	96,000	(55,000)
Gain on sales of hotel properties and other assets, net	(51,625,000)	(188,000)
Loss on extinguishment of debt	3,159,000	191,000
(Gain) loss on derivatives, net	(417,000)	499,000
Depreciation	62,055,000	62,854,000
Amortization of franchise fees and other intangibles	6,421,000	9,260,000
Amortization and write-off of deferred financing fees	1,485,000	1,932,000
Amortization of loan discounts	3,000	524,000
Amortization of deferred stock compensation	2,316,000	1,842,000
Changes in operating assets and liabilities:
Restricted cash	(8,875,000)	(2,364,000)
Accounts receivable	(5,560,000)	(3,405,000)
Inventories	1,628,000	(44,000)
Prepaid expenses and other assets	8,149,000	2,945,000
Accounts payable and other liabilities	12,697,000	9,733,000
Accrued payroll and employee benefits	(6,414,000)	(2,059,000)
Discontinued operations	432,000	(684,000)
Net cash provided by operating activities	74,485,000	79,868,000
CASH FLOWS FROM INVESTING ACTIVITIES
Proceeds from sales of hotel properties and other assets	195,621,000	11,000
Cash proceeds held by accommodator	(72,287,000)
Restricted cash - replacement reserve	11,054,000	(5,177,000)
Acquisitions of hotel properties and other assets	(59,137,000)	(29,694,000)
Acquisition deposits	(20,000,000)	(3,000,000)
Renovations and additions to hotel properties and other assets	(69,089,000)	(48,483,000)
Payment for interest rate derivative	(12,000)
Net cash used in investing activities	(13,850,000)	(86,343,000)
CASH FLOWS FROM FINANCING ACTIVITIES
Redemption of preferred stock	(276,250,000)
Proceeds from common stock offering	295,251,000	126,533,000
Payment of common stock offering costs	(376,000)	(431,000)
Proceeds from credit facility	30,000,000	15,000,000
Payments on notes payable and credit facility	(124,465,000)	(63,024,000)
Payment for costs related to extinguishment of notes payable	(3,108,000)	(70,000)
Payments of deferred financing costs	(5,000)
Dividends paid	(14,780,000)	(14,874,000)
Distributions to non-controlling interest	(902,000)	(3,327,000)
Net cash (used in) provided by financing activities	(94,635,000)	59,807,000
Net increase (decrease) in cash and cash equivalents	(34,000,000)	53,332,000
Cash and cash equivalents, beginning of period	157,217,000	149,198,000
Cash and cash equivalents, end of period	123,217,000	202,530,000
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION
Cash paid for interest	34,858,000	40,371,000
Cash paid for income taxes	5,115,000
NONCASH INVESTING ACTIVITY
Accounts payable related to renovations and additions to hotel properties and other assets	5,093,000	6,210,000
Amortization of deferred stock compensation - construction activities	193,000	148,000
NONCASH FINANCING ACTIVITY
Issuance of common stock in connection with acquisition of hotel property		51,160,000
Dividends payable	$ 2,300,000	$ 7,437,000