Consolidated Statements of Operations and Comprehensive Income (USD $) In Thousands, except Share data, unless otherwise specified	3 Months Ended
	Mar. 31, 2015	Mar. 31, 2014
Revenues:
Room	$ 108,834	$ 83,569
Food and beverage	43,238	32,448
Other operating	11,363	9,695
Total revenues	163,435	125,712
Hotel operating expenses:
Room	27,983	22,895
Food and beverage	29,393	23,810
Other direct	49,836	37,887
Total hotel operating expenses	107,212	84,592
Depreciation and amortization	21,325	15,888
Real estate taxes, personal property taxes, property insurance, and ground rent	11,280	8,308
General and administrative	7,572	6,147
Hotel acquisition costs	131	285
Total operating expenses	147,520	115,220
Operating income (loss)	15,915	10,492
Interest income	635	614
Interest expense	(8,321)	(6,075)
Equity in earnings (loss) of joint venture	(4,448)	(3,244)
Income (loss) before income taxes	3,781	1,787
Income tax (expense) benefit	3,389	2,334
Net income (loss)	7,170	4,121
Net income (loss) attributable to non-controlling interests	27	43
Net income (loss) attributable to the Company	7,143	4,078
Distributions to preferred shareholders	(6,488)	(6,081)
Net income (loss) attributable to common shareholders	655	(2,003)
Net income (loss) per share available to common shareholders, basic and diluted (in dollars per share)	$ 0.01	$ (0.03)
Weighted-average number of common shares, basic (in shares)	71,673,669	63,762,930
Weighted-average number of common shares, diluted (in shares)	72,446,229	63,762,930
Comprehensive Income:
Net income (loss)	7,170	4,121
Other comprehensive income (loss):
Unrealized gain (loss) on derivative instruments	(4,169)	(116)
Comprehensive income (loss)	3,001	4,005
Comprehensive income (loss) attributable to non-controlling interests	14	42
Comprehensive income (loss) attributable to the Company	$ 2,987	$ 3,963