Consolidated Statements of Operations and Comprehensive Income (USD $) In Thousands, except Share data, unless otherwise specified	12 Months Ended
	Dec. 31, 2012	Dec. 31, 2011	Dec. 31, 2010
Revenues:
Room	$ 239,218	$ 177,479	$ 32,804
Food and beverage	117,752	92,898	21,984
Other operating	23,718	17,610	2,973
Total revenues	380,688	287,987	57,761
Hotel operating expenses:
Room	63,213	47,570	9,718
Food and beverage	86,369	65,783	15,113
Other direct	12,236	8,353	1,288
Other indirect	99,766	79,648	16,724
Total hotel operating expenses	261,584	201,354	42,843
Depreciation and amortization	42,794	30,945	5,776
Real estate taxes, personal property taxes and property insurance	17,576	12,895	2,220
Ground rent	2,611	1,814	124
General and administrative	16,777	11,460	8,319
Hotel acquisition costs	2,234	3,392	6,581
Total operating expenses	343,576	261,860	65,863
Operating income (loss)	37,112	26,127	(8,102)
Interest income	224	868	3,020
Interest expense	(14,932)	(13,653)	(1,640)
Other	0	85	0
Equity in earnings (loss) of joint venture	5,970	2,336	0
Income (loss) before income taxes	28,374	15,763	(6,722)
Income tax (expense) benefit	(1,866)	(564)	80
Net income (loss)	26,508	15,199	(6,642)
Net income (loss) attributable to non-controlling interests	429	343	0
Net income (loss) attributable to the Company	26,079	14,856	(6,642)
Distributions to preferred shareholders	(17,825)	(10,413)	0
Net income (loss) attributable to common shareholders	8,254	4,443	(6,642)
Net income (loss) per share available to common shareholders, basic and diluted	$ 0.14	$ 0.08	$ (0.23)
Weighted-average number of common shares, basic	55,806,543	47,921,200	28,669,851
Weighted-average number of common shares, diluted	55,955,497	47,966,307	28,669,851
Comprehensive Income:
Net income (loss)	26,508	15,199	(6,642)
Other comprehensive income (loss):
Unrealized gain (loss) on derivative instruments	(300)	0	0
Comprehensive income (loss)	26,208	15,199	(6,642)
Comprehensive income (loss) attributable to non-controlling interests	427	0	0
Comprehensive income (loss) attributable to the Company	$ 25,781	$ 15,199	$ (6,642)