Consolidated Statements of Operations and Comprehensive Income (USD $) In Thousands, except Share data, unless otherwise specified	3 Months Ended		6 Months Ended
	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014	Jun. 30, 2013
Revenues:
Room	$ 102,384	$ 83,400	$ 185,953	$ 150,539
Food and beverage	35,417	35,228	67,865	66,391
Other operating	9,653	7,673	19,348	14,285
Total revenues	147,454	126,301	273,166	231,215
Hotel operating expenses:
Room	24,859	20,847	47,754	39,705
Food and beverage	25,156	25,417	48,966	49,475
Other direct	3,654	3,449	7,125	6,725
Other indirect	36,343	31,412	70,759	60,264
Total hotel operating expenses	90,012	81,125	174,604	156,169
Depreciation and amortization	16,230	13,565	32,118	26,776
Real estate taxes, personal property taxes, property insurance, and ground rent	9,000	8,396	17,308	14,909
General and administrative	5,591	4,246	11,738	8,585
Hotel acquisition costs	236	241	521	1,161
Total operating expenses	121,069	107,573	236,289	207,600
Operating income (loss)	26,385	18,728	36,877	23,615
Interest income	621	660	1,235	1,294
Interest expense	(6,256)	(5,925)	(12,331)	(11,383)
Equity in earnings (loss) of joint venture	4,264	3,115	1,020	208
Income (loss) before income taxes	25,014	16,578	26,801	13,734
Income tax (expense) benefit	(2,121)	(1,647)	213	951
Net income (loss)	22,893	14,931	27,014	14,685
Net income (loss) attributable to non-controlling interests	220	97	263	99
Net income (loss) attributable to the Company	22,673	14,834	26,751	14,586
Distributions to preferred shareholders	(6,082)	(6,104)	(12,163)	(10,772)
Net income (loss) attributable to common shareholders	16,591	8,730	14,588	3,814
Net income (loss) per share available to common shareholders, basic and diluted (in dollars per share)	$ 0.26	$ 0.14	$ 0.22	$ 0.06
Weighted-average number of common shares, basic (in shares)	63,764,929	61,082,770	63,763,935	61,039,721
Weighted-average number of common shares, diluted (in shares)	64,125,057	61,196,396	64,150,266	61,195,034
Comprehensive Income:
Net income (loss)	22,893	14,931	27,014	14,685
Unrealized gain (loss) on derivative instruments	(462)	1,695	(578)	1,800
Comprehensive income (loss)	22,431	16,626	26,436	16,485
Comprehensive income (loss) attributable to non-controlling interests	216	107	258	110
Comprehensive income (loss) attributable to the Company	$ 22,215	$ 16,519	$ 26,178	$ 16,375