Investment in Unconsolidated Joint Ventures (Details Textual) (USD $)	12 Months Ended
	Dec. 31, 2011	Dec. 31, 2010	Dec. 31, 2011 Manhattan Collection joint venture [Member]	Jul. 29, 2011 Manhattan Collection joint venture [Member] properties	Dec. 31, 2011 First Mortgage and Mezzanine Debt [Member] Manhattan Collection joint venture [Member]
Investment in Unconsolidated Joint Ventures (Textual) [Abstract]
Hotel acquisition costs	$ 3,392,000	$ 6,581,000
Equity interest issued in a joint venture				49.00%
Number of properties owned	20			6
Total amount in which company acquired				152,600,000
Transaction Value of the Hotels				908,000,000
Total assets of joint venture			549,000,000
Amount existing first mortgage and mezzanine debt					581,000,000
Preferred capital	$ 90,000	$ 0	$ 76,600,000