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INVESTMENT IN HOTEL PROPERTIES - Hotel Property Acquisitions - Proforma Information (Details 6) - USD ($)
$ / shares in Units, $ in Thousands
3 Months Ended 12 Months Ended
Dec. 31, 2015
Dec. 31, 2015
Dec. 31, 2014
Assets held for sale, sold | Portfolio of Hotels, ARCH Agreements, October 15, 2015 closing      
Excluded from pro forma amounts      
Gain on sale $ 66,600 $ 66,600  
All 2014 and 2015 Acquisitions      
Pro forma financial information      
Revenues   461,454 $ 424,553
Net income   58,268 35,345
Net income attributable to common stockholders, net of amount allocated to participating securities   $ 41,248 $ 18,442
Net income per share attributable to common stockholders:      
Basic (in dollars per share)   $ 0.48 $ 0.22
Diluted (in dollars per share)   $ 0.47 $ 0.22