Consolidated Statement of Operations (Unaudited) (USD $) In Thousands, except Share data	3 Months Ended		6 Months Ended
	Jun. 30, 2011	Jun. 30, 2010	Jun. 30, 2011	Jun. 30, 2010
Revenue:
Room	$ 14,489	$ 4,544	$ 26,628	$ 4,544
Other operating	413	114	762	114
Total revenue	14,902	4,658	27,390	4,658
Hotel operating expenses:
Room	3,218	1,070	6,212	1,070
Other operating	5,118	1,595	10,032	1,595
Total hotel operating expenses	8,336	2,665	16,244	2,665
Depreciation and amortization	3,804	402	5,249	402
Property taxes and insurance	1,068	247	2,100	247
General and administrative	1,584	972	2,852	972
Hotel property acquisition costs	1,398	1,005	1,483	1,005
Total operating expenses	16,190	5,291	27,928	5,291
Operating loss	(1,288)	(633)	(538)	(633)
Interest and other income	6	38	12	38
Interest expense, including amortization of deferred fees	(642)		(1,415)
Loss before income tax expense	(1,924)	(595)	(1,941)	(595)
Income tax expense	(12)	(47)	(14)	(47)
Net loss attributable to common shareholders	$ (1,936)	$ (642)	$ (1,955)	$ (642)
Loss per Common Share - Basic:
Net loss attributable to common shareholders (Note 12)	$ (0.14)	$ (0.09)	$ (0.15)	$ (0.18)
Loss per Common Share - Diluted:
Net loss attributable to common shareholders (Note 12)	$ (0.14)	$ (0.09)	$ (0.15)	$ (0.18)
Weighted average number of common shares outstanding:
Basic	13,757,449	7,119,725	12,784,515	3,580,028
Diluted	13,757,449	7,119,725	12,784,515	3,580,028