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Debt (Details) - USD ($)
$ in Thousands
Jun. 30, 2016
Dec. 31, 2015
Mortgage Loans on Real Estate [Line Items]    
Senior unsecured revolving credit facility [1] $ 30,000 $ 165,000
Total term loans 671,377 521,883
Total senior unsecured notes 99,425 99,392
Mortgage loans    
Mortgage debt 229,696 319,320
Mortgage loans at stated value 229,535 318,473
Mortgage loan premiums and deferred financing costs [2] 161 847
Total debt $ 1,030,498 1,105,595
Embassy Suites San Diego [Member] | First Mortgage [Member]    
Mortgage Loans on Real Estate [Line Items]    
Interest Rate 6.28%  
Mortgage loans    
Mortgage debt $ 0 63,116
Hotel Modera [Member] | First Mortgage [Member]    
Mortgage Loans on Real Estate [Line Items]    
Interest Rate 5.26%  
Mortgage loans    
Mortgage debt $ 0 22,833
Monaco Washington D C [Member] | First Mortgage [Member]    
Mortgage Loans on Real Estate [Line Items]    
Interest Rate 4.36%  
Mortgage loans    
Mortgage debt $ 42,451 42,895
Argonaut Hotel [Member] | First Mortgage [Member]    
Mortgage Loans on Real Estate [Line Items]    
Interest Rate 4.25%  
Mortgage loans    
Mortgage debt $ 42,216 42,823
Sofitel Philadelphia [Member] | First Mortgage [Member]    
Mortgage Loans on Real Estate [Line Items]    
Interest Rate 3.90%  
Mortgage loans    
Mortgage debt $ 45,001 45,668
Hotel Zelos San Francisco [Member] | First Mortgage [Member]    
Mortgage Loans on Real Estate [Line Items]    
Interest Rate 5.94%  
Mortgage loans    
Mortgage debt $ 25,911 26,098
Westin Gaslamp Quarter [Member] | First Mortgage [Member]    
Mortgage Loans on Real Estate [Line Items]    
Interest Rate 3.69%  
Mortgage loans    
Mortgage debt $ 73,956 75,040
Term Loan [Member]    
Mortgage Loans on Real Estate [Line Items]    
Term loans 675,000 525,000
Term Loan [Member]    
Mortgage Loans on Real Estate [Line Items]    
Deferred financing costs, net (3,623) (3,117)
Total term loans 671,377 521,883
First Term Loan [Member] | Term Loan [Member]    
Mortgage Loans on Real Estate [Line Items]    
Term loans [3] 300,000 300,000
Second Term Loan [Member] | Term Loan [Member]    
Mortgage Loans on Real Estate [Line Items]    
Term loans [3] 175,000 100,000
Third Term Loan [Member] | Term Loan [Member]    
Mortgage Loans on Real Estate [Line Items]    
Term loans [3] 200,000 125,000
Senior Unsecured Notes [Member]    
Mortgage Loans on Real Estate [Line Items]    
Deferred financing costs, net (575) (608)
Senior unsecured notes 100,000 100,000
Total senior unsecured notes $ 99,425 99,392
Series A Notes [Member]    
Mortgage Loans on Real Estate [Line Items]    
Interest Rate 4.70%  
Senior unsecured notes $ 60,000 60,000
Series B Notes [Member]    
Mortgage Loans on Real Estate [Line Items]    
Interest Rate 4.93%  
Senior unsecured notes $ 40,000 $ 40,000
[1] 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.
[2] As of June 30, 2016, loan premium on assumed mortgage recorded in purchase accounting for the Hotel Zelos (formerly Hotel Palomar San Francisco).
[3] 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, a portion of the Second Term Loan and the Third Term Loan. At June 30, 2016 and December 31, 2015, the Company had interest rate swaps on the full amounts outstanding, except for $75.0 million on the Second Term Loan. See "Derivative and Hedging Activities" above.