Consolidated Statements of Operations and Comprehensive Income (USD $) In Thousands, except Share data, unless otherwise specified	3 Months Ended		6 Months Ended
	Jun. 30, 2013	Jun. 30, 2012	Jun. 30, 2013	Jun. 30, 2012
Revenues:
Room	$ 83,400	$ 59,632	$ 150,539	$ 106,487
Food and beverage	35,228	28,870	66,391	54,394
Other operating	7,673	5,665	14,285	10,760
Total revenues	126,301	94,167	231,215	171,641
Hotel operating expenses:
Room	20,847	14,983	39,705	28,476
Food and beverage	25,417	20,417	49,475	40,120
Other direct	3,449	2,955	6,725	5,706
Other indirect	31,412	23,792	60,264	45,938
Total hotel operating expenses	81,125	62,147	156,169	120,240
Depreciation and amortization	13,565	9,998	26,776	19,687
Real estate taxes, personal property taxes and property insurance	5,641	4,032	11,232	8,039
Ground rent	2,755	537	3,677	957
General and administrative	4,246	4,810	8,585	8,410
Hotel acquisition costs	241	588	1,161	826
Total operating expenses	107,573	82,112	207,600	158,159
Operating income (loss)	18,728	12,055	23,615	13,482
Interest income	660	23	1,294	29
Interest expense	(5,925)	(3,465)	(11,383)	(6,722)
Equity in earnings (loss) of joint venture	3,115	3,080	208	(516)
Income (loss) before income taxes	16,578	11,693	13,734	6,273
Income tax (expense) benefit	(1,647)	(1,666)	951	917
Net income (loss)	14,931	10,027	14,685	7,190
Net income (loss) attributable to non-controlling interests	97	163	99	117
Net income (loss) attributable to the Company	14,834	9,864	14,586	7,073
Distributions to preferred shareholders	(6,104)	(4,457)	(10,772)	(8,913)
Net income (loss) attributable to common shareholders	8,730	5,407	3,814	(1,840)
Net income (loss) per share available to common shareholders, basic and diluted (in dollars per share)	$ 0.14	$ 0.10	$ 0.06	$ (0.04)
Weighted-average number of common shares, basic (in shares)	61,082,770	52,908,195	61,039,721	51,959,049
Weighted-average number of common shares, diluted (in shares)	61,196,396	52,927,862	61,195,034	51,959,049
Comprehensive Income:
Net income (loss)	14,931	10,027	14,685	7,190
Other comprehensive income (loss):
Unrealized gain (loss) on derivative instruments	1,695	0	1,800	0
Comprehensive income (loss)	16,626	10,027	16,485	7,190
Comprehensive income (loss) attributable to non-controlling interests	107	163	110	117
Comprehensive income (loss) attributable to the Company	$ 16,519	$ 9,864	$ 16,375	$ 7,073