Investment in Hotel Properties, net (Tables)

6 Months Ended

Jun. 30, 2015

Business Acquisition [Line Items]

Schedule of investments in hotel properties, net

Investments in hotel properties, net consisted of the following (in thousands):

	June 30, 2015			December 31, 2014
Land	$	686,901		$	358,514
Buildings and improvements	3,817,985			2,125,656
Furniture, fixtures, and equipment	351,789			211,777
Construction in progress	19,377			11,704
Condominium properties	12,065			12,065
Total cost	4,888,117			2,719,716
Accumulated depreciation	(652,077		)	(591,105		)
Investments in hotel properties, net	$	4,236,040		$	2,128,611

Schedule of Finite-Lived Intangible Assets, Future Amortization Expense [Table Text Block]

Estimated future net amortization expense for intangible assets and intangible liabilities for each of the next five years is as follows (in thousands):

	Intangible Assets		Intangible Liabilities
2015	$	98	$	197
2016	197		395
2017	197		395
2018	197		395
2019	197		395
Thereafter	10,556		14,914
Total	$	11,442	$	16,691

Schedule of business combination pro forma information

These adjustments are directly attributable to the transactions for the three and six months ended June 30, 2015 and 2014 (in thousands):

	Three Months Ended June 30,						Six Months Ended June 30,
	2015			2014			2015			2014
Total revenue	$	391,897		$	367,410		$	746,043		$	700,124
Net loss	(10,048		)	(6,339		)	(43,505		)	(18,400		)

Acquisition One [Member]

Business Acquisition [Line Items]

Schedule of preliminary fair value of the assets acquired and liabilities assumed

The following table summarizes the estimated fair value of the assets acquired and liabilities assumed in the acquisition (in thousands):

Land	$	4,541
Buildings and improvements	24,703
Furniture, fixtures, and equipment	4,237
	33,481
Net other assets and liabilities	(382		)

Acquisition Two [Member]

Business Acquisition [Line Items]

Schedule of preliminary fair value of the assets acquired and liabilities assumed

The following table summarizes the estimated fair value of the assets acquired and liabilities assumed in the acquisition (in thousands):

Land	$	6,210
Buildings and improvements	32,934
Furniture, fixtures, and equipment	4,350
	43,494
Net other assets and liabilities	34

Acquisition Three [Member]

Business Acquisition [Line Items]

Schedule of Finite-Lived Intangible Assets, Future Amortization Expense [Table Text Block]

The following table summarizes the estimated fair value of the assets acquired and liabilities assumed in the acquisition (in thousands):

	Preliminary Allocations as of March 31, 2015			Adjustments			Final Allocations as of June 30, 2015
Land	$	292,934		$	(7,712	)	$	285,222
Buildings and improvements	1,351,293			38,182			1,389,475
Furniture, fixtures, and equipment	118,878			(35,958		)	82,920
	1,763,105			(5,488		)	1,757,617
Indebtedness	(1,120,082		)	—			(1,120,082		)
Intangible liabilities, net	(12,217		)	5,488			(6,729		)
Net other assets and liabilities	116,533			—			116,533

Acquisition Four [Member]

Business Acquisition [Line Items]

Schedule of preliminary fair value of the assets acquired and liabilities assumed

The following table summarizes the estimated fair value of the assets acquired and liabilities assumed in the acquisition (in thousands):

Land	$	3,695
Buildings and improvements	19,002
Furniture, fixtures, and equipment	1,139
	23,836
Intangible assets	1,412
Net other assets and liabilities	(150		)

Acquisition Five [Member]

Business Acquisition [Line Items]

Schedule of preliminary fair value of the assets acquired and liabilities assumed

The following table summarizes the estimated fair value of the assets acquired and liabilities assumed in the acquisition (in thousands):

Land	$	10,933
Buildings and improvements	46,761
Furniture, fixtures, and equipment	4,788
	62,482
Net other assets and liabilities	486

Acquisition Six [Member]

Business Acquisition [Line Items]

Schedule of preliminary fair value of the assets acquired and liabilities assumed

The following table summarizes the estimated fair value of the asset acquired in the acquisition (in thousands):

Land $ 6,475

Acquisition Seven [Member]

Business Acquisition [Line Items]

Schedule of preliminary fair value of the assets acquired and liabilities assumed

The following table summarizes the estimated fair value of the assets acquired and liabilities assumed in the acquisition (in thousands):

Land	$	18,551
Buildings and improvements	190,952
Furniture, fixtures, and equipment	15,451
	224,954
Net other assets and liabilities	(298		)