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Investment in Hotel Properties (Details) - USD ($)
$ in Thousands
Dec. 31, 2015
Dec. 31, 2014
Investments Schedule [Abstract]    
Land and improvements $ 274,543 $ 261,108
Building and improvements 1,031,649 844,396
Furniture, fixtures and equipment 63,542 61,186
Renovations in progress 8,829 6,574
Investment in hotel properties, at cost 1,378,563 1,173,264
Less: accumulated depreciation (120,111) (76,839)
Investment in hotel properties, net $ 1,258,452 $ 1,096,425