INVESTMENT IN HOTEL PROPERTIES - Hotel Property Acquisitions - Allocation of aggregate purchase price (Details 6) - USD ($) $ in Thousands	Dec. 31, 2016	Dec. 31, 2015
2016 Acquisitions
Allocation of the aggregate purchase prices to the fair value of assets and liabilities acquired
Land	$ 28,683
Hotel buildings and improvements	207,433
Furniture, fixtures and equipment	8,081
Other assets	1,240
Total assets acquired	245,437
Less lease liability assumed	0
Less other liabilities	(723)
Net assets acquired	$ 244,714
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