Combined Consolidated Balance Sheets (USD $) In Thousands, unless otherwise specified	Dec. 31, 2011	Dec. 31, 2010
Assets
Investment in hotel properties, net	$ 2,820,457	$ 2,626,690
Investment in loans	12,633	12,840
Cash and cash equivalents	310,231	267,454
Restricted cash reserves	87,288	70,520
Hotel receivables, net of allowance of $150 and $406, respectively	20,081	19,556
Deferred financing costs, net	9,639	9,298
Deferred income tax asset	1,369	799
Prepaid expense and other assets	28,320	38,667
Total assets	3,290,018	3,045,824
Liabilities and Owners' Equity
Mortgage loans	1,341,735	1,747,077
Interest rate swap liability	1,796	3,820
Accounts payable and accrued expense	86,213	60,973
Deferred income tax liability	3,314	799
Advance deposits and deferred revenue	4,781	5,927
Accrued interest	2,115	3,495
Distributions payable	16,076
Total liabilities	1,456,030	1,822,091
Members' capital
Accumulated other comprehensive loss	(1,782)	(3,806)
Shareholders' equity:
Preferred shares of beneficial interest, $0.01 par value, 50,000,000 shares authorized; zero shares issued and outstanding at December 31, 2011
Common shares of beneficial interest, $0.01 par value, 450,000,000 shares authorized; 106,279,049 shares issued and outstanding at December 31, 2011	1,063
Additional paid-in-capital	1,835,011
Distributions in excess of net earnings	(18,960)
Total shareholders' equity	1,817,114
Noncontrolling interest
Noncontrolling interest in joint venture	7,170	7,623
Noncontrolling interest in Operating Partnership	11,486
Total noncontrolling interest		7,623
Total noncontrolling interest	18,656
Total equity		1,223,733
Total equity	1,833,988
Total liabilities and equity	3,290,018	3,045,824
Class A Members
Members' capital
Members' capital		6,592
Class B Members
Members' capital
Members' capital		4,751
Fund II Member
Partners' capital
General partner		(13,409)
Limited partners		433,013
Fund II Member | Series A preferred units
Members' capital
Series A preferred units, no par value, 12.5%, 250 units authorized, issued and outstanding at December 31, 2010		189
Fund III Member
Partners' capital
General partner		(23,328)
Limited partners		811,918
Fund III Member | Series A preferred units
Members' capital
Series A preferred units, no par value, 12.5%, 250 units authorized, issued and outstanding at December 31, 2010		$ 190