INVESTMENT IN HOTEL PROPERTIES - Hotel Property Acquisitions - Allocation of aggregate purchase price (Details 4) - USD ($) $ in Thousands	Dec. 31, 2015	Dec. 31, 2014
2015 acquisitions
Allocation of the aggregate purchase prices to the fair value of assets and liabilities acquired
Land	$ 18,947
Hotel buildings and improvements	208,864
Furniture, fixtures and equipment	6,803
Other assets	7,072
Total assets acquired	241,686
Less lease liability assumed	(3,250)
Less other liabilities	(577)
Net assets acquired	$ 237,859
2014 acquisitions
Allocation of the aggregate purchase prices to the fair value of assets and liabilities acquired
Land		$ 11,400
Hotel buildings and improvements		199,573
Furniture, fixtures and equipment		5,489
Other assets		11,625
Total assets acquired		228,087
Less debt assumed		(43,172)
Less lease liability assumed		(1,752)
Less other liabilities		(2,671)
Net assets acquired		$ 180,492