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Subsequent Events
12 Months Ended
Dec. 31, 2016
Subsequent Events [Abstract]  
Subsequent Events
Subsequent Events
On January 13, 2017, the Company entered into a joint venture agreement to acquire a site located in San Francisco, CA and develop into a Cambria hotel & suites. An initial capital contribution was made in the amount of $25.3 million.
On February 25, 2017, the Company's board of directors declared a quarterly cash dividend of $0.215 per share of common stock. The dividend is payable on April 18, 2017 to shareholders of record on April 3, 2017.