Consolidated Statements of Operations - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Revenue:
Room	$ 273,345	$ 258,137	$ 184,926
Food and beverage	6,221	5,536	2,764
Other	10,115	9,534	7,534
Cost reimbursements from unconsolidated real estate entities	4,139	3,743	1,992
Total revenue	293,820	276,950	197,216
Hotel operating expenses:
Room	57,209	50,165	37,516
Food and beverage	4,928	4,127	1,966
Telephone	1,712	1,708	1,304
Other hotel operating	2,358	2,467	2,056
General and administrative	22,274	21,101	16,265
Franchise and marketing fees	22,412	21,240	15,110
Advertising and promotions	5,147	5,040	3,676
Utilities	9,545	9,464	7,269
Repairs and maintenance	12,444	11,722	8,705
Management fees	9,389	8,742	6,096
Insurance	1,359	1,218	998
Total hotel operating expenses	148,777	136,994	100,961
Depreciation and amortization	48,775	48,981	34,710
Property taxes, ground rent and insurance	21,564	18,581	12,624
General and administrative	11,119	11,677	9,852
Hotel property acquisition costs and other charges	510	1,451	10,381
Reimbursable costs from unconsolidated real estate entities	4,139	3,743	1,992
Total operating expenses	234,884	221,427	170,520
Operating income	58,936	55,523	26,696
Interest and other income	51	264	108
Interest expense, including amortization of deferred fees	(28,297)	(27,924)	(21,354)
Loss on early extinguishment of debt	(4)	(412)	(184)
Income (loss) from unconsolidated real estate entities	718	2,411	(3,830)
Income (loss) on sale from unconsolidated real estate entities	(10)	3,576	65,750
Income before income tax benefit (expense)	31,394	33,438	67,186
Income tax benefit (expense)	301	(260)	(105)
Net income	31,695	33,178	67,081
Net income attributable to non-controlling interest	(212)	(212)	(208)
Net income attributable to common shareholders	$ 31,483	$ 32,966	$ 66,873
Income per Common Share - Basic:
Net income attributable to common shareholders (in dollars per share)	$ 0.82	$ 0.87	$ 2.32
Income per Common Share - Diluted:
Net income attributable to common shareholders (in dollars per share)	$ 0.81	$ 0.86	$ 2.30
Weighted average number of common shares outstanding:
Basic (in shares)	38,299,067	37,917,871	28,531,094
Diluted (in shares)	38,482,875	38,322,285	28,846,724