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Investment in Hotel Properties (Details) (USD $)
In Thousands, unless otherwise specified
Mar. 31, 2012
Dec. 31, 2011
Investment in hotel properties    
Land $ 190,197 $ 190,197
Buildings and improvements 896,210 887,217
Furniture, fixtures and equipment 92,972 86,138
Investment in hotel properties 1,179,379 1,163,552
Less: Accumulated depreciation (45,528) (36,068)
Investment in hotel properties, net $ 1,133,851 $ 1,127,484