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Net Investment in Hotels (Details 1) - USD ($)
$ in Thousands
Mar. 31, 2016
Dec. 31, 2015
Real Estate [Abstract]    
Buildings $ 1,688,982 $ 1,629,741
Land 386,512 371,712
Furniture, fixtures & equipment 123,537 121,722
Building and site improvements 64,145 63,456
Construction in progress 38,834 22,310
Hotels, at cost 2,302,010 2,208,941
Less: Accumulated depreciation (134,844) (115,639)
Net investments in hotels $ 2,167,166 $ 2,093,302