Risk Management and Use of Derivative Financial Instruments (Tables)

3 Months Ended

Mar. 31, 2016

Derivative Instruments and Hedges, Assets [Abstract]

Schedule of Derivative Instruments on our Consolidated Hotels

The following table sets forth certain information regarding our derivative instruments on our Consolidated Hotels (in thousands):

Derivatives Designated as Hedging Instruments		Asset Derivatives Fair Value at				Liability Derivatives Fair Value at
	Balance Sheet Location	March 31, 2016		December 31, 2015		March 31, 2016			December 31, 2015
Interest rate swaps	Other assets	$	—	$	109	$	—		$	—
Interest rate caps	Other assets	86		117		—			—
Interest rate swaps	Accounts payable, accrued expenses and other liabilities	—		—		(209		)	(716		)
		$	86	$	226	$	(209	)	$	(716	)

Schedule of Derivative Instruments

The interest rate swaps and caps that we had outstanding on our Consolidated Hotels at March 31, 2016 were designated as cash flow hedges and are summarized as follows (dollars in thousands): 

	Number of	Face		Fair Value at
Interest Rate Derivatives	Instruments	Amount		March 31, 2016
Interest rate swaps	2	$	69,570	$	(209	)
Interest rate caps	8	304,750		86
				$	(123	)