Subsequent Events	9 Months Ended
Sep. 30, 2013
Subsequent Events
Subsequent Events	Note 11. Subsequent Events On October 23, 2013, we acquired a 100% interest in the Hawks Cay Resort for $133.8 million from BH/NV Hawks Cay Property Holdings, LLC, an unaffiliated third party, and obtained a non-recourse mortgage loan at closing of $79.0 million. The full service hotel, located on Duck Key in the Florida Keys, includes 177 rooms and a resort residential management program that includes over 250 two-, three- and four-bedroom villas. The hotel and the resort residential program will be managed by Pyramid Hotel Group. It was not practicable to disclose the preliminary purchase price allocation or consolidated pro forma financial information for this transaction given the short period of time between the acquisition date and the issuance of this Report. On October 25, 2013, we filed a registration statement with the SEC for a possible continuous public offering of up to $350.0 million of our common stock. There can be no assurance that we will actually commence the follow-on offering or successfully sell the full number of shares registered.

Subsequent Events

9 Months Ended

Sep. 30, 2013

Note 11. Subsequent Events

On October 23, 2013, we acquired a 100% interest in the Hawks Cay Resort for $133.8 million from BH/NV Hawks Cay Property Holdings, LLC, an unaffiliated third party, and obtained a non-recourse mortgage loan at closing of $79.0 million. The full service hotel, located on Duck Key in the Florida Keys, includes 177 rooms and a resort residential management program that includes over 250 two-, three- and four-bedroom villas. The hotel and the resort residential program will be managed by Pyramid Hotel Group. It was not practicable to disclose the preliminary purchase price allocation or consolidated pro forma financial information for this transaction given the short period of time between the acquisition date and the issuance of this Report.

On October 25, 2013, we filed a registration statement with the SEC for a possible continuous public offering of up to $350.0 million of our common stock. There can be no assurance that we will actually commence the follow-on offering or successfully sell the full number of shares registered.