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Investment in Hotel Properties (Details) - USD ($)
$ in Thousands
Mar. 31, 2016
Dec. 31, 2015
Investments Schedule [Abstract]    
Land and improvements $ 274,543 $ 274,543
Building and improvements 1,033,522 1,031,649
Furniture, fixtures and equipment 65,019 63,542
Renovations in progress 10,577 8,829
Investment in hotel properties, at cost 1,383,661 1,378,563
Less: accumulated depreciation (132,518) (120,111)
Investment in hotel properties, net $ 1,251,143 $ 1,258,452