Consolidated Statements of Operations and Comprehensive Income - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Revenues:
Room	$ 137,443	$ 102,384	$ 246,277	$ 185,953
Food and beverage	46,823	35,417	90,061	67,865
Other operating	13,417	9,653	24,780	19,348
Total revenues	197,683	147,454	361,118	273,166
Hotel operating expenses:
Room	30,982	24,859	58,965	47,754
Food and beverage	31,384	25,156	60,777	48,966
Other direct	53,627	39,997	103,463	77,884
Total hotel operating expenses	115,993	90,012	223,205	174,604
Depreciation and amortization	24,885	16,230	46,210	32,118
Real estate taxes, personal property taxes, property insurance, and ground rent	10,885	9,000	22,165	17,308
General and administrative	6,169	5,591	13,741	11,738
Hotel acquisition costs	4,334	236	4,465	521
Total operating expenses	162,266	121,069	309,786	236,289
Operating income (loss)	35,417	26,385	51,332	36,877
Interest income	621	621	1,256	1,235
Interest expense	(9,256)	(6,256)	(17,577)	(12,331)
Equity in earnings (loss) of joint venture	3,320	4,264	(1,128)	1,020
Income (loss) before income taxes	30,102	25,014	33,883	26,801
Income tax (expense) benefit	(3,519)	(2,121)	(130)	213
Net income (loss)	26,583	22,893	33,753	27,014
Net income (loss) attributable to non-controlling interests	92	220	119	263
Net income (loss) attributable to the Company	26,491	22,673	33,634	26,751
Distributions to preferred shareholders	(6,487)	(6,082)	(12,975)	(12,163)
Net income (loss) attributable to common shareholders	$ 20,004	$ 16,591	$ 20,659	$ 14,588
Net income (loss) per share available to common shareholders-basic (in dollars per share)	$ 0.28	$ 0.26	$ 0.29	$ 0.22
Net income (loss) per share available to common shareholders, diluted	$ 0.27	$ 0.26	$ 0.28	$ 0.22
Weighted-average number of common shares, basic (in shares)	71,735,129	63,764,929	71,696,294	63,763,935
Weighted-average number of common shares, diluted (in shares)	72,425,952	64,125,057	72,463,419	64,150,266
Comprehensive Income:
Net income (loss)	$ 26,583	$ 22,893	$ 33,753	$ 27,014
Other comprehensive income (loss):
Unrealized gain (loss) on derivative instruments	4,077	(462)	(92)	(578)
Comprehensive income (loss)	30,660	22,431	33,661	26,436
Comprehensive income (loss) attributable to non-controlling interests	105	216	119	258
Comprehensive income (loss) attributable to the Company	$ 30,555	$ 22,215	$ 33,542	$ 26,178