Consolidated Statements of Operations and Comprehensive Income (USD $) In Thousands, except Share data, unless otherwise specified	3 Months Ended		9 Months Ended
	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013
Revenues:
Room	$ 120,934	$ 90,093	$ 306,887	$ 240,632
Food and beverage	38,577	32,900	106,442	99,291
Other operating	10,165	8,241	29,513	22,526
Total revenues	169,676	131,234	442,842	362,449
Hotel operating expenses:
Room	27,807	22,063	75,561	61,768
Food and beverage	27,596	24,705	76,562	74,180
Other direct	3,687	3,619	10,812	10,344
Other indirect	40,192	32,629	110,951	92,893
Total hotel operating expenses	99,282	83,016	273,886	239,185
Depreciation and amortization	17,396	13,971	49,514	40,747
Real estate taxes, personal property taxes, property insurance, and ground rent	9,539	7,991	26,847	22,900
General and administrative	7,208	4,253	18,946	12,838
Hotel acquisition costs	475	268	996	1,429
Total operating expenses	133,900	109,499	370,189	317,099
Operating income (loss)	35,776	21,735	72,653	45,350
Interest income	645	670	1,880	1,964
Interest expense	(7,278)	(6,074)	(19,609)	(17,457)
Equity in earnings (loss) of joint venture	3,450	2,284	4,470	2,492
Income (loss) before income taxes	32,593	18,615	59,394	32,349
Income tax (expense) benefit	(2,154)	(1,088)	(1,941)	(137)
Net income (loss)	30,439	17,527	57,453	32,212
Net income (loss) attributable to non-controlling interests	274	112	537	211
Net income (loss) attributable to the Company	30,165	17,415	56,916	32,001
Distributions to preferred shareholders	(6,428)	(6,100)	(18,591)	(16,872)
Net income (loss) attributable to common shareholders	23,737	11,315	38,325	15,129
Net income (loss) per share available to common shareholders, basic and diluted (in dollars per share)	$ 0.36	$ 0.18	$ 0.59	$ 0.24
Weighted-average number of common shares, basic (in shares)	64,859,494	61,179,524	64,133,134	61,086,834
Weighted-average number of common shares, diluted (in shares)	65,346,188	61,347,863	64,613,449	61,279,252
Comprehensive Income:
Net income (loss)	30,439	17,527	57,453	32,212
Unrealized gain (loss) on derivative instruments	446	(589)	(132)	1,211
Comprehensive income (loss)	30,885	16,938	57,321	33,423
Comprehensive income (loss) attributable to non-controlling interests	278	108	536	218
Comprehensive income (loss) attributable to the Company	$ 30,607	$ 16,830	$ 56,785	$ 33,205