Consolidated Statements of Operations and Comprehensive Income (USD $) In Thousands, except Share data, unless otherwise specified	3 Months Ended		9 Months Ended
	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2013	Sep. 30, 2012
Revenues:
Room	$ 90,093	$ 68,596	$ 240,632	$ 175,083
Food and beverage	32,900	29,236	99,291	83,630
Other operating	8,241	6,473	22,526	17,233
Total revenues	131,234	104,305	362,449	275,946
Hotel operating expenses:
Room	22,063	17,045	61,768	45,521
Food and beverage	24,705	21,716	74,180	61,836
Other direct	3,619	3,229	10,344	8,935
Other indirect	32,629	26,061	92,893	71,999
Total hotel operating expenses	83,016	68,051	239,185	188,291
Depreciation and amortization	13,971	11,055	40,747	30,742
Real estate taxes, personal property taxes and property insurance	6,008	4,571	17,240	12,610
Ground rent	1,983	651	5,660	1,608
General and administrative	4,253	3,886	12,838	12,296
Hotel acquisition costs	268	514	1,429	1,340
Total operating expenses	109,499	88,728	317,099	246,887
Operating income (loss)	21,735	15,577	45,350	29,059
Interest income	670	82	1,964	111
Interest expense	(6,074)	(3,949)	(17,457)	(10,671)
Equity in earnings (loss) of joint venture	2,284	2,152	2,492	1,636
Income (loss) before income taxes	18,615	13,862	32,349	20,135
Income tax (expense) benefit	(1,088)	(1,757)	(137)	(840)
Net income (loss)	17,527	12,105	32,212	19,295
Net income (loss) attributable to non-controlling interests	112	187	211	304
Net income (loss) attributable to the Company	17,415	11,918	32,001	18,991
Distributions to preferred shareholders	(6,100)	(4,456)	(16,872)	(13,369)
Net income (loss) attributable to common shareholders	11,315	7,462	15,129	5,622
Net income (loss) per share available to common shareholders, basic and diluted (in dollars per share)	$ 0.18	$ 0.13	$ 0.24	$ 0.10
Weighted-average number of common shares, basic (in shares)	61,179,524	58,714,055	61,086,834	54,227,155
Weighted-average number of common shares, diluted (in shares)	61,347,863	58,760,334	61,279,252	54,314,469
Comprehensive Income:
Net income (loss)	17,527	12,105	32,212	19,295
Other comprehensive income (loss):
Unrealized gain (loss) on derivative instruments	(589)	(389)	1,211	(389)
Comprehensive income (loss)	16,938	11,716	33,423	18,906
Comprehensive income (loss) attributable to non-controlling interests	108	181	218	298
Comprehensive income (loss) attributable to the Company	$ 16,830	$ 11,535	$ 33,205	$ 18,608