Investment in Hotel and Other Properties (Tables)

9 Months Ended

Sep. 30, 2013

Property, Plant and Equipment [Abstract]

Schedule of investment in hotel and other properties

Investment in hotel and other properties as of September 30, 2013 and December 31, 2012 consisted of the following (in thousands):

	September 30, 2013			December 31, 2012
Land and land improvements	$	587,348		$	563,524
Buildings and improvements	2,834,524			2,655,086
Furniture, fixtures and equipment	465,070			438,807
Intangibles	2,199			1,857
	3,889,141			3,659,274
Accumulated depreciation and amortization	(676,852		)	(585,791		)
Investment in hotel and other properties, net	$	3,212,289		$	3,073,483