Consolidated Balance Sheets (USD $) In Thousands, unless otherwise specified	Jun. 30, 2013	Dec. 31, 2012
Assets:
Investment in hotel properties, net	$ 501,038	$ 426,074
Cash and cash equivalents	18,690	4,496
Restricted cash	2,686	2,949
Investment in unconsolidated real estate entities	13,383	13,362
Hotel receivables (net of allowance for doubtful accounts of $40 and $28, respectively)	2,302	2,098
Deferred costs, net	5,463	6,312
Prepaid expenses and other assets	2,485	1,930
Total assets	546,047	457,221
Liabilities and Equity:
Debt	175,842	159,746
Revolving credit facility	30,500	79,500
Accounts payable and accrued expenses	10,089	8,488
Distributions payable	1,657	2,875
Total liabilities	218,088	250,609
Commitments and contingencies
Shareholders' Equity:
Preferred shares, $0.01 par value, 100,000,000 shares authorized and unissued at June 30, 2013 and December 31, 2012
Common shares, $0.01 par value, 500,000,000 shares authorized; 22,559,418 and 22,558,058 shares issued and outstanding, respectively, at June 30, 2013 and 13,909,822 and 13,908,907 shares issued and outstanding, respectively, at December 31, 2012	223	137
Additional paid-in capital	368,540	240,355
Accumulated deficit	(42,698)	(35,491)
Total shareholders' equity	326,065	205,001
Noncontrolling Interests:
Noncontrolling Interest in Operating Partnership	1,894	1,611
Total equity	327,959	206,612
Total liabilities and equity	$ 546,047	$ 457,221