Condensed Combined Consolidated Balance Sheets (USD $) In Thousands, unless otherwise specified	Mar. 31, 2014	Dec. 31, 2013
Assets
Investments in hotel properties, net	$ 1,012,137	$ 765,326
Cash and cash equivalents	176,418	143,776
Restricted cash	5,572	5,951
Accounts receivable, net of allowance of $36 and $34, respectively	11,080	7,029
Inventories	641	318
Note receivable	8,098	8,098
Deferred costs, net	5,084	4,064
Prepaid expenses	4,064	2,233
Derivative assets	98	0
Other assets	1,954	4,501
Intangible asset, net	2,609	2,631
Due from related party, net	709	12
Due from third-party hotel managers	20,635	18,480
Total assets	1,249,099	962,419
Liabilities:
Indebtedness	769,054	621,882
Capital lease payable	20	0
Accounts payable and accrued expenses	29,833	17,279
Dividends payable	1,705	1,245
Unfavorable management contract liabilities	435	474
Due to Ashford Trust, net	1,580	13,042
Due to third-party hotel managers	769	649
Intangible liability, net	3,781	3,795
Other liabilities	928	926
Total liabilities	808,105	659,292
Commitments and contingencies (Note 12)
Redeemable noncontrolling interests in operating partnership	132,695	159,726
Equity:
Common stock, $0.01 par value, 200,000,000 shares authorized, 25,329,112 and 16,129,112 shares issued and outstanding at March 31, 2014 and December 31, 2013, respectively	253	161
Additional paid-in capital	390,859	246,928
Accumulated deficit	(79,782)	(101,062)
Total stockholders’ equity of the Company	311,330	146,027
Noncontrolling interest in consolidated entity	(3,031)	(2,626)
Total equity	308,299	143,401
Total liabilities and equity	$ 1,249,099	$ 962,419