Consolidated Balance Sheets (USD $) In Thousands	Jun. 30, 2011	Dec. 31, 2010
Assets:
Investment in hotel properties, net	$ 210,543	$ 208,080
Cash and cash equivalents	14,971	4,768
Restricted cash	15,637	3,018
Hotel receivables (net of allowance for doubtful accounts of approximately $6 and $15, respectively)	1,351	891
Deferred costs, net	4,546	4,710
Prepaid expenses and other assets	1,794	735
Total assets	248,842	222,202
Liabilities and Equity:
Debt	12,174	50,133
Accounts payable and accrued expenses	5,645	5,248
Distributions payable	2,464	1,657
Total liabilities	20,283	57,038
Commitments and contingencies
Shareholders' Equity:
Preferred shares, $0.01 par value, 100,000,000 shares authorized and unissued at June 30, 2011	0	0
Common shares, $0.01 par value, 500,000,000 shares authorized; 13,820,854 and 13,819,939 shares issued and outstanding, respectively at June 30, 2011 and 9,208,750 shares issued and outstanding at December 31, 2010, respectively	138	92
Additional paid-in capital	238,928	169,088
Accumulated deficit	(11,233)	(4,441)
Total shareholders' equity	227,833	164,739
Noncontrolling Interests:
Noncontrolling Interest in Operating Partnership	726	425
Total equity	228,559	165,164
Total liabilities and equity	$ 248,842	$ 222,202