Consolidated Statements of Operations (USD $) In Thousands, except Share data, unless otherwise specified	3 Months Ended	12 Months Ended
	Dec. 31, 2009	Dec. 31, 2011	Dec. 31, 2010
Revenues:
Room		$ 177,479	$ 32,804
Food and beverage		92,898	21,984
Other operating department		17,610	2,973
Total revenues		287,987	57,761
Hotel operating expenses:
Room		47,570	9,718
Food and beverage		65,783	15,113
Other direct		8,353	1,288
Other indirect		79,648	16,724
Total hotel operating expenses		201,354	42,843
Depreciation and amortization		30,945	5,776
Real estate taxes, personal property taxes and property insurance		12,895	2,220
Ground rent		1,814	124
General and administrative	262	11,460	8,319
Hotel acquisition costs		3,392	6,581
Total operating expenses	262	261,860	65,863
Operating income (loss)	(262)	26,127	(8,102)
Interest income	115	868	3,020
Interest expense		(13,653)	(1,640)
Other		85
Equity in earnings of unconsolidated joint ventures		2,336
Income (loss) before income taxes	(147)	15,763	(6,722)
Income tax (expense) benefit		(564)	80
Net income (loss)	(147)	15,199	(6,642)
Net income (loss) attributable to non-controlling interests		343
Net income (loss) attributable to the Company	(147)	14,856	(6,642)
Distributions to preferred shareholders		(10,413)
Net income (loss) attributable to common shareholders	$ (147)	$ 4,443	$ (6,642)
Net income (loss) per share available to common shareholders - basic and diluted	$ (0.04)	$ 0.08	$ (0.23)
Weighted-average number of common shares, basic	4,011,198	47,921,200	28,669,851
Weighted-average number of common shares, diluted	4,011,198	47,966,307	28,669,851