Commitments and Contingencies (Details Textual) (USD $)	3 Months Ended		9 Months Ended			9 Months Ended		6 Months Ended	9 Months Ended	6 Months Ended	9 Months Ended
	Sep. 30, 2012	Sep. 30, 2011	Sep. 30, 2012	Sep. 30, 2011	Dec. 31, 2011	Sep. 30, 2012 Minimum [Member]	Sep. 30, 2012 Maximum [Member]	Jun. 30, 2012 Monaco Washington D C [Member]	Sep. 30, 2012 Monaco Washington D C [Member]	Jun. 30, 2012 Argonaut Hotel [Member]	Sep. 30, 2012 Argonaut Hotel [Member]
Management Agreements [Line Items]
Terms of management agreements not including renewals						5 years	20 years
Terms of management agreements including renewals						5 years	40 years
Termination fees range						0	6
Base management fee from hotel revenues						2.00%	4.00%
Combined base and incentive management fees	$ 3,300,000	$ 2,500,000	$ 8,000,000	$ 5,800,000
Commitments and Contingencies (Textual) [Abstract]
Reserve funds allowed for hotel maintenance from hotel revenue			4.00%
Restricted cash	10,693,000		10,693,000		9,469,000
Ground lease expiry period								2059		2059
Base rent									$ 200,000		$ 1,200,000