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Subsequent Events	6 Months Ended
Subsequent Events	Jun. 30, 2014
Subsequent Events
Subsequent Events	13. Subsequent Events On July 17, 2014, the Company completed its previously announced acquisition of the 544-room Marriott Wailea for a net purchase price of $325.5 million, including $4.5 million of unrestricted cash received upon acquisition, and excluding prorations and closing costs. The Company funded the acquisition with proceeds received from its June 2014 common stock offering, as well as with $60.0 million of the Company’s common stock, which was issued to the seller at a price equivalent to $14.87 per share. The Company has initiated a purchase price allocation study and will record the acquisition during the third quarter of 2014. The Hilton San Diego Bayfront Partnership has agreed to terms with the existing lenders to amend the loan (the “Loan”) secured by the Hilton San Diego Bayfront, the balance of which was $229.7 million as of June 30, 2014. The amended Loan will extend the Loan’s maturity from 2016 to 2019 and reduce the Loan’s interest rate from three-month LIBOR plus 325 basis points to one-month LIBOR plus 225 basis points. The Hilton San Diego Bayfront Partnership expects to incur approximately $1.3 million in fees associated with the amendment, and expects to finalize the amendment during the third quarter of 2014.