Commitments and Contingencies (Details Textual) (USD $)	3 Months Ended		6 Months Ended
	Jun. 30, 2012	Jun. 30, 2011	Jun. 30, 2012	Jun. 30, 2011	Dec. 31, 2011
Management Agreements [Line Items]
Combined base and incentive management fees	$ 2,700,000	$ 2,100,000	$ 4,800,000	$ 3,300,000
Commitments and Contingencies (Textual) [Abstract]
Reserve funds allowed for hotel maintenance from hotel revenue			4.00%
Restricted cash	8,334,000		8,334,000		9,469,000
Minimum [Member]
Management Agreements [Line Items]
Terms of management agreements not including renewals			5 years
Terms of management agreements including renewals			5 years
Termination fees range			0
Base management fee from hotel revenues			2.00%
Maximum [Member]
Management Agreements [Line Items]
Terms of management agreements not including renewals			20 years
Terms of management agreements including renewals			40 years
Termination fees range			6
Base management fee from hotel revenues			4.00%
Monaco Washington D C [Member]
Commitments and Contingencies (Textual) [Abstract]
Ground lease expiry period			2059
Base rent			200,000
Argonaut Hotel [Member]
Commitments and Contingencies (Textual) [Abstract]
Ground lease expiry period			2059
Base rent			$ 1,200,000