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Investment in Hotel Properties (Details) (USD $)
In Thousands, unless otherwise specified
Sep. 30, 2013
Dec. 31, 2012
Investment in hotel properties    
Land $ 271,936 $ 236,287
Buildings and improvements 1,317,050 1,141,347
Furniture, fixtures and equipment 128,507 107,938
Construction in progress 3,668 9,595
Investment in hotel properties 1,721,161 1,495,167
Less: Accumulated depreciation (117,925) (77,938)
Investment in hotel properties, net $ 1,603,236 $ 1,417,229