Condensed Combined Consolidated Statements of Cash Flows (USD $) In Thousands, unless otherwise specified	3 Months Ended
	Mar. 31, 2014	Mar. 31, 2013
Cash Flows from Operating Activities
Net loss	$ (4,451)	$ (5,326)
Adjustments to reconcile net loss to net cash flows provided by (used in) operating activities:
Depreciation and amortization	8,773	7,450
Amortization of loan costs	371	248
Write-off of loan costs and exit fees	0	1,971
Amortization of intangibles	(53)	(54)
Unrealized loss on derivatives	15	31
Changes in operating assets and liabilities, exclusive of the effect of hotel acquisitions:
Restricted cash	920	10,470
Accounts receivable and inventories	(2,892)	(3,559)
Prepaid expenses and other assets	(2,022)	(1,525)
Accounts payable and accrued expenses	5,427	648
Due to/from related parties, net	(665)	0
Due to/from third-party hotel managers	(2,035)	(1,056)
Due to/from Ashford Trust	(7,862)	0
Other liabilities	(14)	6
Net cash provided by (used in) operating activities	(4,488)	9,304
Cash Flows from Investing Activities
Acquisition of hotel properties, net of cash acquired	(169,609)	0
Improvements and additions to hotel properties	(9,541)	(5,955)
Net cash used in investing activities	(179,150)	(5,955)
Cash Flows from Financing Activities
Borrowings on indebtedness	80,000	199,875
Repayments of indebtedness	(2,037)	(142,999)
Payments of loan costs and exit fees	(3,277)	(2,821)
Payments for derivatives	(93)	(36)
Payments for spin-off costs	(1,091)	0
Payments for dividends	(1,245)	0
Issuance of common stock	144,023	0
Contributions from owners	0	6,118
Distributions to owners	0	(54,381)
Distributions to a noncontrolling interest in a consolidated entity	0	(15,712)
Net cash provided by (used in) financing activities	216,280	(9,956)
Net change in cash and cash equivalents	32,642	(6,607)
Cash and cash equivalents at beginning of period	143,776	20,313
Cash and cash equivalents at end of period	176,418	13,706
Supplemental Cash Flow Information
Interest paid	7,764	7,341
Income taxes paid	403	0
Supplemental Disclosure of Non Cash Investing and Financing Activities
Net other assets and liabilities acquired	(3,615)	0
Non-cash assumption of debt	69,000	0
Dividends declared but not paid	$ 1,705	$ 0