Consolidated Statements of Operations (USD $) In Thousands, except Share data, unless otherwise specified	3 Months Ended		6 Months Ended
	Jun. 30, 2013	Jun. 30, 2012	Jun. 30, 2013	Jun. 30, 2012
Revenue:
Room	$ 28,960	$ 24,858	$ 53,195	$ 46,441
Food and beverage	199	72	349	108
Other	1,202	1,084	2,213	1,887
Cost reimbursements from unconsolidated real estate entities	385	345	768	750
Total revenue	30,746	26,359	56,525	49,186
Hotel operating expenses:
Room	6,065	5,291	11,615	10,264
Food and beverage expense	182	87	317	154
Telephone expense	216	173	407	345
Other expense	378	379	727	676
General and administrative	2,742	2,348	5,308	4,569
Franchise and marketing fees	2,243	1,981	4,144	3,702
Advertising and promotions	651	560	1,308	1,171
Utilities	1,117	936	2,183	1,906
Repairs and maintenance	1,556	1,266	3,001	2,461
Management fees	825	692	1,509	1,288
Insurance	176	148	348	312
Total hotel operating expenses	16,151	13,861	30,867	26,848
Depreciation and amortization	4,026	4,123	7,778	7,462
Property taxes and insurance	2,045	1,623	4,032	3,256
General and administrative	2,064	1,947	4,046	3,724
Hotel property acquisition costs and other charges	1,059	44	1,236	83
Reimbursed costs from unconsolidated real estate entities	385	345	768	750
Total operating expenses	25,730	21,943	48,727	42,123
Operating income	5,016	4,416	7,798	7,063
Interest and other income	111	0	115	1
Interest expense, including amortization of deferred fees	(2,817)	(3,829)	(5,658)	(7,676)
Loss on early extinguishment of debt	0	0	(933)	0
Income (loss) from unconsolidated real estate entities	(89)	703	(720)	138
Income (loss) before income tax benefit	2,221	1,290	602	(474)
Income tax expense	(45)	(133)	(45)	(100)
Net income (loss)	$ 2,176	$ 1,157	$ 557	$ (574)
Income (loss) per Common Share - Basic:
Net income (loss) attributable to common shareholders (Note 11) (in dollars per share)	$ 0.12	$ 0.08	$ 0.02	$ (0.05)
Income (loss) per Common Share - Diluted:
Net income (loss) attributable to common shareholders (Note 11) (in dollars per share)	$ 0.11	$ 0.08	$ 0.02	$ (0.05)
Weighted average number of common shares outstanding:
Basic (in shares)	18,147,108	13,810,190	17,682,199	13,802,588
Diluted (in shares)	18,383,626	13,915,313	17,897,255	13,802,588
Distributions per common share: (in dollars per share)	$ 0.21	$ 0.2	$ 0.42	$ 0.375