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INVESTMENT IN HOTEL PROPERTIES (Details) (USD $)
In Thousands, unless otherwise specified
Sep. 30, 2013
Dec. 31, 2012
INVESTMENT IN HOTEL PROPERTIES    
Land $ 150,129 $ 105,571
Hotel buildings and improvements 934,376 649,699
Furniture, fixtures and equipment 136,243 124,385
Construction in progress 13,492  
Investment in hotel properties at cost 1,234,240 879,655
Less accumulated depreciation 151,845 145,293
Investment in hotel properties, net $ 1,082,395 $ 734,362