Consolidated Statements of Cash Flows - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Cash flows from operating activities:
Net income	$ 3,322	$ 1,419
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation	12,421	11,477
Amortization of deferred franchise fees	53	46
Amortization of deferred financing fees included in interest expense	268	403
Loss on early extinguishment of debt	4	0
Share based compensation	735	704
Loss from unconsolidated real estate entities	647	256
Changes in assets and liabilities:
Hotel receivables	(2,647)	(1,504)
Deferred costs	0	(130)
Prepaid expenses and other assets	(1,482)	(1,290)
Accounts payable and accrued expenses	749	1,383
Net cash provided by operating activities	14,070	12,764
Cash flows from investing activities:
Improvements and additions to hotel properties	(4,593)	(4,470)
Acquisition of hotel properties, net of cash acquired	0	(90,155)
Distributions from unconsolidated entities	587	1,292
Restricted cash	(2,147)	(2,654)
Net cash used in investing activities	(6,153)	(95,987)
Cash flows from financing activities:
Borrowings on revolving credit facility	15,500	5,000
Repayments on revolving credit facility	(10,500)	(22,500)
Payments on debt	(859)	(810)
Principal prepayment of mortgage debt	(5,954)	(4,760)
Payment of financing costs	(18)	(266)
Payment of offering costs	(1)	(1,933)
Proceeds from issuance of common shares	88	120,782
In-substance repurchase of vested common shares	0	(22)
Distributions-common shares/units	(14,730)	(10,547)
Net cash provided by (used in) financing activities	(16,474)	84,944
Net change in cash and cash equivalents	(8,557)	1,721
Cash and cash equivalents, beginning of period	21,036	15,077
Cash and cash equivalents, end of period	12,479	16,798
Supplemental disclosure of cash flow information:
Cash paid for interest	6,729	6,182
Cash paid for income taxes	$ 0	$ 40