Investment in Hotel Properties (Details) (USD $) In Thousands, unless otherwise specified	Sep. 30, 2012	Dec. 31, 2011
Investment in hotel properties
Land	$ 234,383	$ 190,197
Buildings and improvements	1,073,527	887,217
Furniture, fixtures and equipment	100,961	86,138
Construction in progress	5,747	0
Investment in hotel properties	1,414,618	1,163,552
Less: Accumulated depreciation	(66,119)	(36,068)
Investment in hotel properties, net	$ 1,348,499	$ 1,127,484

Furniture, fixtures and equipment.

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- Definition

The current amount of expenditures for a real estate project that has not yet been completed.

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Aggregate of the carrying amounts as of the balance sheet date of investments in building and building improvements.

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- Definition

Carrying amount as of the balance sheet date of real estate held for productive use. This excludes land held for sale.

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- Definition

The cumulative amount of depreciation for real estate property held for investment purposes.

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Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

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Represents a total which may include the following: (1) land available-for-sale; (2) land available-for-development; (3) investments in building and building improvements; (4) tenant allowances; (5) developments in-process; (6) rental properties; and (7) other real estate investments.

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The net book value of real estate property held for investment purposes.

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