Consolidated Statements of Operations and Comprehensive Income - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Revenues:
Room	$ 526,573	$ 410,600	$ 321,630
Food and beverage	190,852	148,114	136,531
Other operating	53,439	40,062	31,056
Total revenues	770,864	598,776	489,217
Hotel operating expenses:
Room	124,090	102,709	83,390
Food and beverage	128,816	104,843	100,244
Other direct and indirect	215,169	166,435	140,564
Total hotel operating expenses	468,075	373,987	324,198
Depreciation and amortization	95,872	68,324	55,570
Real estate taxes, personal property taxes, property insurance, and ground rent	46,947	36,878	31,052
General and administrative	27,649	26,349	17,166
Hotel acquisition costs	4,686	1,973	3,376
Total operating expenses	643,229	507,511	431,362
Operating income (loss)	127,635	91,265	57,855
Interest income	2,511	2,529	2,620
Interest expense	(38,774)	(27,065)	(23,680)
Equity in earnings (loss) of joint venture	6,213	10,065	7,623
Income (loss) before income taxes	97,585	76,794	44,418
Income tax (expense) benefit	(2,590)	(3,251)	(1,226)
Net income (loss)	94,995	73,543	43,192
Net income (loss) attributable to non-controlling interests	327	677	274
Net income (loss) attributable to the Company	94,668	72,866	42,918
Distributions to preferred shareholders	(25,950)	(25,079)	(22,953)
Net income (loss) attributable to common shareholders	$ 68,718	$ 47,787	$ 19,965
Net income (loss) per share available to common shareholders-basic (in dollars per share)	$ 0.95	$ 0.72	$ 0.32
Net income (loss) per share available to common shareholders-diluted (in dollars per share)	$ 0.94	$ 0.71	$ 0.32
Weighted-average number of common shares, basic (in shares)	71,715,870	65,646,712	61,498,389
Weighted-average number of common shares, diluted (in shares)	72,384,289	66,264,118	61,836,741
Comprehensive Income:
Net income (loss)	$ 94,995	$ 73,543	$ 43,192
Other comprehensive income (loss):
Unrealized gain (loss) on derivative instruments	(4,409)	(1,427)	1,386
Comprehensive income (loss)	90,586	72,116	44,578
Comprehensive income (loss) attributable to non-controlling interests	313	665	287
Comprehensive income (loss) attributable to the Company	$ 90,273	$ 71,451	$ 44,291