Consolidated Statement of Cash Flows (Unaudited) (USD $) In Thousands	6 Months Ended
	Jun. 30, 2011	Jun. 30, 2010
Cash flows from operating activities:
Net loss	$ (1,955)	$ (642)
Adjustments to reconcile net loss to net cash provided by operating activities:
Depreciation	5,223	397
Amortization of deferred franchise fees	26	5
Amortization of deferred financing fees including interest expense	657
Share based compensation	785	224
Changes in assets and liabilities:
Hotel receivables	(460)	(699)
Deferred costs	81	(572)
Prepaid expenses and other assets	(1,059)	(98)
Accounts payable and accrued expenses	331	2,047
Net cash provided by operating activities	3,629	662
Cash flows from investing activities:
Improvements and additions to hotel properties	(7,560)	(15)
Acquisition of hotel properties, net of cash acquired		(73,514)
Restricted cash	(12,619)	(2,500)
Net cash used in investing activities	(20,179)	(76,029)
Cash flows from financing activities:
Net repayments on secured line of credit	(37,800)
Payments on notes payable	(159)
Payment of financing costs	(600)
Payment of offering costs	(4,153)	(8,446)
Proceeds from issuance of common shares	73,600	182,489
Repurchase of vested common shares	(15)
Distributions-common shares/units	(4,120)
Net cash provided by financing activities	26,753	174,043
Net change in cash and cash equivalents	10,203	98,676
Cash and cash equivalents, beginning of period	4,768	24
Cash and cash equivalents, end of period	14,971	98,700
Supplemental disclosure of cash flow information:
Cash paid for interest	632
Cash paid for income taxes	$ 10