CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)	9 Months Ended
	Sep. 30, 2013	Sep. 30, 2012
CASH FLOWS FROM OPERATING ACTIVITIES
Net income	$ 64,752,000	$ 38,443,000
Adjustments to reconcile net income to net cash provided by operating activities:
Bad debt expense	252,000	22,000
Gain on sales of hotel properties and other assets, net	(51,625,000)	(38,270,000)
Loss on extinguishment of debt	3,159,000	191,000
(Gain) loss on derivatives, net	(429,000)	595,000
Depreciation	96,345,000	95,905,000
Amortization of franchise fees and other intangibles	8,255,000	14,835,000
Amortization and write-off of deferred financing fees	2,221,000	3,059,000
Amortization of loan discounts	3,000	791,000
Amortization of deferred stock compensation	3,578,000	2,654,000
Changes in operating assets and liabilities:
Restricted cash	(11,679,000)	30,000
Accounts receivable	(9,500,000)	5,176,000
Inventories	1,700,000	(107,000)
Prepaid expenses and other assets	4,285,000	(6,778,000)
Accounts payable and other liabilities	16,084,000	10,765,000
Accrued payroll and employee benefits	(2,920,000)	1,274,000
Discontinued operations	432,000	163,000
Net cash provided by operating activities	124,913,000	128,748,000
CASH FLOWS FROM INVESTING ACTIVITIES
Proceeds from sales of hotel properties and other assets	195,621,000	46,363,000
Restricted cash - replacement reserve	6,430,000	(8,922,000)
Acquisitions of hotel properties and other assets	(188,019,000)	(120,003,000)
Renovations and additions to hotel properties and other assets	(91,652,000)	(76,639,000)
Payment for interest rate derivative	(12,000)
Net cash used in investing activities	(77,632,000)	(159,201,000)
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	35,750,000	15,000,000
Payments on notes payable and credit facility	(135,245,000)	(68,039,000)
Payment for costs related to extinguishment of notes payable	(3,108,000)	(70,000)
Payments of deferred financing costs	(243,000)	(1,320,000)
Dividends paid	(17,080,000)	(22,311,000)
Distributions to non-controlling interest	(2,972,000)	(4,810,000)
Net cash (used in) provided by financing activities	(104,273,000)	44,552,000
Net (decrease) increase in cash and cash equivalents	(56,992,000)	14,099,000
Cash and cash equivalents, beginning of period	157,217,000	149,198,000
Cash and cash equivalents, end of period	100,225,000	163,297,000
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION
Cash paid for interest	52,498,000	60,139,000
Cash paid for income taxes	5,396,000
NONCASH INVESTING ACTIVITY
Accounts payable related to renovations and additions to hotel properties and other assets	5,432,000	6,347,000
Amortization of deferred stock compensation - construction activities	293,000	225,000
NONCASH FINANCING ACTIVITY
Assumption of debt in connection with acquisition of hotel property	119,190,000
Issuance of common stock in connection with acquisition of hotel property		51,160,000
Assignment of debt in connection with dispositions of hotel properties		(122,622,000)
Dividends payable	$ 10,444,000	$ 7,437,000