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Debt (Details) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2015
Dec. 31, 2014
Mortgage Loans on Real Estate [Line Items]    
Term loans [1] $ 525,000 $ 300,000
Senior unsecured revolving credit facility [2] 175,000 50,000
Mortgage debt    
Mortgage debt 434,305 493,987
Mortgage loans at stated value 432,186 489,961
Mortgage loan premiums [3] 2,119 4,026
Total debt $ 1,134,305 843,987
The Nines Hotel Portland [Member] | First Mortgage [Member]    
Mortgage debt    
Interest Rate [4] 7.39%  
Maturity Date [4] Mar. 01, 2015  
Mortgage debt [4] $ 0 50,725
Inter Continental Buckhead Hotel [Member] | First Mortgage [Member]    
Mortgage debt    
Interest Rate 4.88%  
Maturity Date Jan. 01, 2016  
Mortgage debt $ 48,639 49,320
Skamania Lodge [Member] | First Mortgage [Member]    
Mortgage debt    
Interest Rate 5.44%  
Maturity Date Feb. 01, 2016  
Mortgage debt $ 28,980 29,308
Double Tree By Hilton Bethesda Washington DC [Member] | First Mortgage [Member]    
Mortgage debt    
Interest Rate 5.28%  
Maturity Date Feb. 01, 2016  
Mortgage debt $ 34,161 34,575
Embassy Suites San Diego [Member] | First Mortgage [Member]    
Mortgage debt    
Interest Rate 6.28%  
Maturity Date Jun. 01, 2016  
Mortgage debt $ 63,463 64,462
Hotel Modera [Member] | First Mortgage [Member]    
Mortgage debt    
Interest Rate 5.26%  
Maturity Date Jul. 01, 2016  
Mortgage debt $ 22,933 23,225
Monaco Washington D C [Member] | First Mortgage [Member]    
Mortgage debt    
Interest Rate 4.36%  
Maturity Date Feb. 01, 2017  
Mortgage debt $ 43,114 43,756
Argonaut Hotel [Member] | First Mortgage [Member]    
Mortgage debt    
Interest Rate 4.25%  
Maturity Date Mar. 01, 2017  
Mortgage debt $ 43,125 44,006
Sofitel Philadelphia [Member] | First Mortgage [Member]    
Mortgage debt    
Interest Rate 3.90%  
Maturity Date Jun. 01, 2017  
Mortgage debt $ 45,999 46,968
Hotel Zelos San Francisco [Member] | First Mortgage [Member]    
Mortgage debt    
Interest Rate 5.94%  
Maturity Date Sep. 01, 2017  
Mortgage debt $ 26,192 26,461
Westin Gaslamp Quarter [Member] | First Mortgage [Member]    
Mortgage debt    
Interest Rate 3.69%  
Maturity Date Jan. 01, 2020  
Mortgage debt $ 75,580 77,155
Revolving Credit Facility [Member]    
Mortgage Loans on Real Estate [Line Items]    
Expiration date [2] Jan. 15, 2019  
Term Loan [Member]    
Mortgage Loans on Real Estate [Line Items]    
Expiration date Jan. 15, 2020  
First Term Loan [Member] | Term Loan [Member]    
Mortgage Loans on Real Estate [Line Items]    
Term loans [1] $ 300,000 300,000
Second Term Loan [Member] | Term Loan [Member]    
Mortgage Loans on Real Estate [Line Items]    
Expiration date Apr. 15, 2022  
Term loans [1] $ 100,000 0
Third Term Loan [Member] | Term Loan [Member]    
Mortgage Loans on Real Estate [Line Items]    
Expiration date Jan. 10, 2021  
Term loans [1] $ 125,000 $ 0
[1] Borrowings under the term loan facilities bear interest at floating rates equal to, at the Company's option, either (i) LIBOR plus an applicable margin or (ii) a Base Rate plus an applicable margin. The Company entered into interest rate swaps to effectively fix the interest rate for the First Term Loan, Second Term Loan and Third Term Loan. At September 30, 2015 and December 31, 2014, the Company had interest rate swaps on the full amounts outstanding. See "Derivative and Hedging Activities" above.
[2] Borrowings bear interest at floating rates equal to, at the Company's option, either (i) LIBOR plus an applicable margin or (ii) an Adjusted Base Rate (as defined in the senior unsecured credit agreement) plus an applicable margin. The Company has two six-month extension options.
[3] Loan premiums on assumed mortgages recorded in purchase accounting for the Hotel Zelos (formerly Hotel Palomar San Francisco); Embassy Suites San Diego Bay - Downtown; Hotel Modera; and The Nines, a Luxury Collection Hotel, Portland.
[4] The interest rate of 7.39% represents a weighted-average interest rate of the three non-recourse mortgage loans assumed in conjunction with the acquisition of The Nines, a Luxury Collection Hotel, Portland.