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Investment in Hotel Properties (Tables)
 3 Months Ended
Mar. 31, 2013
Real Estate [Abstract]  
Schedule of Investment in hotel properties
Investment in hotel properties as of March 31, 2013 and December 31, 2012 consisted of the following (in thousands):
 
 
March 31,
2013
 
December 31, 2012
Land
$
256,389

 
$
236,287

Buildings and improvements
1,243,323

 
1,141,347

Furniture, fixtures and equipment
120,482

 
107,938

Construction in progress
6,166

 
9,595

Investment in hotel properties
$
1,626,360

 
$
1,495,167

Less: Accumulated depreciation
(90,902
)
 
(77,938
)
Investment in hotel properties, net
$
1,535,458

 
$
1,417,229