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HOTEL PROPERTY ACQUISITIONS (Details 2) (USD $)
In Thousands, unless otherwise specified
Jun. 30, 2014
2014 acquisitions
Jun. 30, 2013
2013 acquisitions
Allocation of the aggregate purchase prices to the fair value of assets and liabilities acquired    
Land $ 8,600 $ 57,276
Hotel buildings and improvements 114,713 341,903
Furniture, fixtures and equipment 3,389 14,996
Land held for development   2,800
Other assets 11,542 9,308
Total assets acquired 138,244 426,283
Less debt assumed (43,172) (33,532)
Less lease liability assumed (992)  
Less other liabilities (1,402) (1,495)
Net assets acquired $ 92,678 $ 391,256