INVESTMENT IN HOTEL PROPERTIES, NET - Schedule of investment in hotel properties (Details) - USD ($) $ in Thousands	Sep. 30, 2016	Dec. 31, 2015
Investment in Hotel Properties
Investment in hotel properties at cost	$ 1,680,473	$ 1,501,900
Less accumulated depreciation	(209,724)	(168,493)
Investment in hotel properties, net	1,470,749	1,333,407
Land
Investment in Hotel Properties
Investment in hotel properties at cost	173,028	149,996
Hotel buildings and improvements
Investment in Hotel Properties
Investment in hotel properties at cost	1,363,232	1,222,017
Construction in progress
Investment in Hotel Properties
Investment in hotel properties at cost	17,926	6,555
Furniture, fixtures and equipment
Investment in Hotel Properties
Investment in hotel properties at cost	$ 126,287	$ 123,332

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- Definition

The cumulative amount of depreciation for real estate property held for investment purposes.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 944
-SubTopic 210
-Section S99
-Paragraph 1
-Subparagraph (SX 210.7-03.1(3))
-URI http://asc.fasb.org/extlink&oid=6879938&loc=d3e572229-122910

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- Definition

Amount of real estate investment property which may include the following: (1) land available-for-sale; (2) land available-for-development; (3) investments in building and building improvements; (4) tenant allowances; (5) developments in-process; (6) rental properties; and (7) other real estate investments.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 944
-SubTopic 210
-Section S99
-Paragraph 1
-Subparagraph (SX 210.7-03.1(d))
-URI http://asc.fasb.org/extlink&oid=6879938&loc=d3e572229-122910

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Amount of real estate investment property, net of accumulated depreciation, which may include the following: (1) land available-for-sale; (2) land available-for-development; (3) investments in building and building improvements; (4) tenant allowances; (5) developments in-process; (6) rental properties; and (7) other real estate investments.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 944
-SubTopic 210
-Section S99
-Paragraph 1
-Subparagraph (SX 210.7-03.1(d))
-URI http://asc.fasb.org/extlink&oid=6879938&loc=d3e572229-122910

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