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HOTEL PROPERTY ACQUISITIONS (Details 2) (USD $)
In Thousands, unless otherwise specified
Jun. 30, 2013
2013 acquisitions
Jun. 30, 2012
2012 acquisitions
Allocation of the aggregate purchase prices to the fair value of assets and liabilities acquired    
Land $ 57,276 $ 8,197
Hotel buildings and improvements 341,903 71,603
Furniture, fixtures and equipment 14,996 3,725
Land held for development 2,800  
Other assets 9,308 338
Total assets acquired 426,283 83,863
Debt assumed 33,532 33,103
Other liabilities 1,495 235
Net assets acquired $ 391,256 $ 50,525