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Investment in Hotel Properties (Details) (USD $)
In Thousands, unless otherwise specified
Sep. 30, 2014
Dec. 31, 2013
Investment in hotel properties    
Land $ 303,715 $ 272,661
Buildings and improvements 1,590,813 1,437,593
Furniture, fixtures and equipment 158,813 135,547
Construction in progress 6,582 4,138
Investment in hotel properties 2,059,923 1,849,939
Less: Accumulated depreciation (180,652) (132,328)
Investment in hotel properties, net $ 1,879,271 $ 1,717,611