Consolidated Statements of Operations - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Revenue:
Room	$ 63,934	$ 55,032
Food and beverage	1,508	1,167
Other	2,354	1,902
Cost reimbursements from unconsolidated real estate entities	1,054	848
Total revenue	68,850	58,949
Hotel operating expenses:
Room	13,812	10,941
Food and beverage	1,178	847
Telephone	421	409
Other hotel operating	589	527
General and administrative	5,497	4,642
Franchise and marketing fees	5,187	4,494
Advertising and promotions	1,352	1,220
Utilities	2,382	2,326
Repairs and maintenance	3,201	2,821
Management fees	2,229	1,816
Insurance	337	301
Total hotel operating expenses	36,185	30,344
Depreciation and amortization	12,475	11,523
Property taxes, ground rent and insurance	5,023	4,085
General and administrative	3,112	3,427
Hotel property acquisition costs and other charges	12	260
Reimbursed costs from unconsolidated real estate entities	1,054	848
Total operating expenses	57,861	50,487
Operating income	10,989	8,462
Interest and other income	21	26
Interest expense, including amortization of deferred fees	(7,037)	(6,813)
Loss on early extinguishment of debt	(4)	0
Loss from unconsolidated real estate entities	(647)	(256)
Income before income tax expense	3,322	1,419
Income tax expense	0	0
Net income	3,322	1,419
Net income attributable to noncontrolling interests	(22)	(8)
Net income attributable to common shareholders	$ 3,300	$ 1,411
Income per Common Share - Basic:
Net income attributable to common shareholders (in dollars per share)	$ 0.09	$ 0.04
Income per Common Share - Diluted:
Net income attributable to common shareholders (in dollars per share)	$ 0.08	$ 0.04
Weighted average number of common shares outstanding:
Basic (in shares)	38,274,448	37,018,039
Diluted (in shares)	38,671,129	37,322,278
Distributions per common share: (in dollars per share)	$ 0.31	$ 0.3