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Subsequent Events (Details) (USD $)
 12 Months Ended 1 Months Ended 1 Months Ended 12 Months Ended 1 Months Ended 12 Months Ended 1 Months Ended
Dec. 31, 2011
Dec. 31, 2010
Dec. 31, 2009
Feb. 29, 2012
Mezzanine Loans
unit
state
Feb. 29, 2012
SPM Sub-7
Second Goldman Repurchase Agreement
Feb. 01, 2012
SPM Sub-7
Second Goldman Repurchase Agreement
Feb. 29, 2012
Minimum
Mezzanine Loans
Feb. 29, 2012
Dividend declared
Dec. 31, 2012
Purchase of CMBS
transaction
Jan. 30, 2012
Purchase of CMBS
SPM Sub-7
Dec. 31, 2011
Purchase of CMBS
Minimum
SPM Sub-7
Dec. 31, 2011
Purchase of CMBS
Maximum
SPM Sub-7
Feb. 28, 2012
Acquisition of notes
B Notes
Feb. 28, 2012
Acquisition of notes
B Notes
United Kingdom
resort
Feb. 28, 2012
Acquisition of notes
Minimum
B Notes
Feb. 28, 2012
Acquisition of notes
Maximum
B Notes
Subsequent Events                                
Origination of secured mezzanine loan $ 1,782,964,000 $ 1,352,253,000 $ 215,048,000 $ 40,000,000                        
Number of properties collateralizing loans originated or acquired       10                        
Number of states in which property portfolio of full-service and extended stay hotels are located       8                        
Expected levered return percentage             12.00%               11.00% 12.00%
Face value                   222,800,000            
Loan-to-value ratio of securities not rated (as a percent)                     39.00% 44.00%        
Description of variable rate basis                   one-month LIBOR            
Effective variable rate basis (as a percent)                   1.75%            
Increase in effective variable rate basis in the event of full extension (as a percent)                   3.30%            
Value of repurchase agreement           155,400,000                    
Basis of interest rate         one-month LIBOR                      
Interest rate margin (as a percent)           2.90%                    
Investment in available-for-sale equity securities                 322,300,000 206,400,000     95,300,000      
Number of transactions for purchase of available for sale securities                 2              
Dividend declared on common stock (in dollars per share)               $ 0.44                
Number of resorts secured by investents                           4    
Pre-existing investment                         143,900,000      
Gain from sale of available-for-sale securities $ 10,653,000 $ 2,118,000