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Debt (Details) - USD ($)
$ in Thousands
12 Months Ended
Nov. 12, 2015
Dec. 31, 2015
Dec. 31, 2014
Mortgage Loans on Real Estate [Line Items]      
Term loans [1]   $ 525,000 $ 300,000
Senior unsecured notes   100,000 0
Senior unsecured revolving credit facility [2]   165,000 50,000
Mortgage debt      
Mortgage debt   320,054 493,987
Mortgage loans at stated value   318,473 489,961
Mortgage loan premium [3]   1,581 4,026
Total debt   $ 1,110,054 843,987
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   $ 0 49,320
Skamania Lodge [Member] | First Mortgage [Member]      
Mortgage debt      
Interest Rate   5.44%  
Maturity Date   Feb. 01, 2016  
Mortgage debt   $ 0 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   $ 0 34,575
Embassy Suites San Diego [Member]      
Mortgage debt      
Mortgage loan premium   $ 600  
Embassy Suites San Diego [Member] | First Mortgage [Member]      
Mortgage debt      
Interest Rate   6.28%  
Maturity Date   Jun. 01, 2016  
Mortgage debt   $ 63,116 64,462
Hotel Modera [Member]      
Mortgage debt      
Mortgage loan premium   $ 100  
Hotel Modera [Member] | First Mortgage [Member]      
Mortgage debt      
Interest Rate   5.26%  
Maturity Date   Jul. 01, 2016  
Mortgage debt   $ 22,833 23,225
Monaco Washington D C [Member] | First Mortgage [Member]      
Mortgage debt      
Interest Rate   4.36%  
Maturity Date   Feb. 01, 2017  
Mortgage debt   $ 42,895 43,756
Argonaut Hotel [Member] | First Mortgage [Member]      
Mortgage debt      
Interest Rate   4.25%  
Maturity Date   Mar. 01, 2017  
Mortgage debt   $ 42,823 44,006
Sofitel Philadelphia [Member] | First Mortgage [Member]      
Mortgage debt      
Interest Rate   3.90%  
Maturity Date   Jun. 01, 2017  
Mortgage debt   $ 45,668 46,968
Hotel Zelos San Francisco [Member]      
Mortgage debt      
Mortgage loan premium   $ 900  
Hotel Zelos San Francisco [Member] | First Mortgage [Member]      
Mortgage debt      
Interest Rate   5.94%  
Maturity Date   Sep. 01, 2017  
Mortgage debt   $ 26,098 26,461
Westin Gaslamp Quarter [Member] | First Mortgage [Member]      
Mortgage debt      
Interest Rate   3.69%  
Maturity Date   Jan. 01, 2020  
Mortgage debt   $ 75,040 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]      
Mortgage Loans on Real Estate [Line Items]      
Expiration date   Apr. 15, 2022  
Second Term Loan [Member] | Term Loan [Member]      
Mortgage Loans on Real Estate [Line Items]      
Term loans [1]   $ 100,000 0
Third Term Loan [Member]      
Mortgage Loans on Real Estate [Line Items]      
Expiration date   Jan. 10, 2021  
Third Term Loan [Member] | Term Loan [Member]      
Mortgage Loans on Real Estate [Line Items]      
Term loans [1]   $ 125,000 0
Series A Notes [Member]      
Mortgage Loans on Real Estate [Line Items]      
Senior unsecured notes   $ 60,000 0
Mortgage debt      
Interest Rate   4.70%  
Maturity Date Dec. 01, 2023 Dec. 01, 2023  
Series B Notes [Member]      
Mortgage Loans on Real Estate [Line Items]      
Senior unsecured notes   $ 40,000 $ 0
Mortgage debt      
Interest Rate   4.93%  
Maturity Date Dec. 01, 2025 Dec. 01, 2025  
[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, the Second Term Loan and the Third Term Loan. At December 31, 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.