Consolidated Statements of Operations (Unaudited) (USD $) In Thousands, except Per Share data, unless otherwise specified	3 Months Ended		9 Months Ended
	Sep. 30, 2012	Sep. 30, 2011	Sep. 30, 2012	Sep. 30, 2011
Revenues [Abstract]
Rooms	$ 58,632	$ 40,610	$ 148,394	$ 87,763
Food and beverage	14,488	9,305	38,299	24,392
Other	2,740	1,865	6,483	3,906
Total revenue	75,860	51,780	193,176	116,061
Hotel operating expenses:
Rooms	12,620	9,117	33,297	20,548
Food and beverage	10,368	7,267	27,750	18,458
Other direct	1,357	814	3,193	1,886
Indirect	23,640	16,054	63,240	36,912
Total hotel operating expenses	47,985	33,252	127,480	77,804
Depreciation and amortization	7,215	5,319	20,422	12,070
Air rights contract amortization	130	130	390	390
Corporate general and administrative:
Share-based compensation	783	827	2,348	2,286
Hotel acquisition costs	2,474	353	2,917	4,270
Other	2,227	1,900	6,258	5,228
Total operating expenses	60,814	41,781	159,815	102,048
Operating income	15,046	9,999	33,361	14,013
Interest income	74	16	96	140
Interest expense	(5,425)	(4,103)	(15,615)	(8,005)
Loss on early extinguishment of debt	0	(208)	0	(208)
Income before income taxes	9,695	5,704	17,842	5,940
Income tax benefit (expense)	(662)	23	(552)	155
Net income	9,033	5,727	17,290	6,095
Preferred share dividends	(1,991)	0	(1,991)	0
Net income available to common shareholders	$ 7,042	$ 5,727	$ 15,299	$ 6,095
Net income available per common share-basic and diluted (in dollars per share)	$ 0.21	$ 0.18	$ 0.47	$ 0.21