Net Investment in Hotels (Details 1) (USD $) In Thousands, unless otherwise specified	Sep. 30, 2013	Dec. 31, 2012
Net Investment in Hotels
Buildings	$ 479,605	$ 106,885
Building and site improvements	8,140	2,570
Land	98,650	23,555
Furniture, fixtures & equipment	38,218	8,170
Construction in progress	3,950	1,585
Hotels, at Cost	628,563	142,765
Accumulated depreciation	(11,519)	(1,392)
Net investments in hotels	$ 617,044	$ 141,373

Aggregate of the carrying amounts as of the balance sheet date of investments in building.

No definition available.

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- Definition

Amount of structure or a modification to a structure under construction. Includes recently completed structures or modifications to structures that have not been placed into service.

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-Publisher FASB

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- Definition

Amount before accumulated depreciation of equipment commonly used in offices and stores that have no permanent connection to the structure of a building or utilities. Examples include, but are not limited to, desks, chairs, tables, and bookcases.

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Aggregate of the carrying amounts as of the balance sheet date of investments in building and building improvements.

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- Definition

Amount before accumulated depletion of real estate held for productive use, excluding land held for sale.

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-Publisher FASB

-Name Accounting Standards Codification

-Topic 210

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-Paragraph 4

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-Section S99

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-Subparagraph (SX 210.5-02.13)

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- Definition

The cumulative amount of depreciation for real estate property held for investment purposes.

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-Topic 944

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-Subparagraph (SX 210.7-03.1(3))

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Amount of real estate investment property which may include the following: (1) land available-for-sale; (2) land available-for-development; (3) investments in building and building improvements; (4) tenant allowances; (5) developments in-process; (6) rental properties; and (7) other real estate investments.

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Amount of real estate investment property, net of accumulated depreciation, which may include the following: (1) land available-for-sale; (2) land available-for-development; (3) investments in building and building improvements; (4) tenant allowances; (5) developments in-process; (6) rental properties; and (7) other real estate investments.

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