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Net Investment in Hotels (Details 2) (USD $)
In Thousands, unless otherwise specified
9 Months Ended 0 Months Ended
Sep. 30, 2013
Sep. 30, 2012
Feb. 14, 2013
Hilton Southeast Portfolio
Mar. 12, 2013
Courtyard Pittsburgh Shadyside
May 29, 2013
Hutton Hotel Nashville
Jun. 06, 2013
Holiday Inn Manhattan 6th Avenue Chelsea
Jul. 10, 2013
Fairmont Sonoma Mission Inn and Spa
Aug. 13, 2013
Marriott Raleigh City Center
Acquisition consideration                
Cash consideration $ 482,743 $ 29,176 $ 94,600 $ 29,900 $ 73,600 $ 113,000 $ 76,647 $ 82,193
Assets Acquired at fair value                
Land     16,050 3,515 7,850 30,023 17,657 0
Building     71,906 25,484 59,990 81,333 66,423 67,541
Building and site improvement     1,607 349 230 65   1,004
Furniture, fixtures, and equipment     5,008 534 5,500 1,579 7,670 3,881
Accounts receivable     0 0 0 0 75 172
Other assets     29 18 30 0 1,229 10,798
Liabilities assumed at fair value                
Accounts payable, accrued expenses and other liabilities     0 0 0 0 (3,604) (1,203)
Contributions from noncontrolling interests     0 0 0 0 (12,803) 0
Net assets acquired at fair value     $ 94,600 $ 29,900 $ 73,600 $ 113,000 $ 76,647 $ 82,193