Consolidated Statements of Cash Flows (USD $) In Thousands, unless otherwise specified	12 Months Ended
	Dec. 31, 2011	Dec. 31, 2010	Dec. 31, 2009
Cash flows from operating activities:
Net loss	$ (7,678)	$ (9,172)	$ (11,090)
Adjustments to reconcile net loss to net cash provided by operating activities:
Real estate depreciation	99,224	88,464	82,729
Corporate asset depreciation as corporate expenses	85	204	145
Non-cash ground rent	6,996	7,092	7,720
Non-cash financing costs and debt premium as interest	1,449	1,370	930
Non-cash reversal of penalty interest	0	(3,134)	0
Impairment of favorable lease asset	0	0	2,542
Amortization of unfavorable contract liabilities	(1,860)	(1,771)	(1,720)
Amortization of deferred income	(653)	(564)	(564)
Stock-based compensation	4,496	3,967	6,937
Deferred income tax expense (benefit)	1,564	2,043	(21,566)
Changes in assets and liabilities:
Prepaid expenses and other assets	(206)	788	(430)
Restricted cash	(3,393)	(3,835)	520
Due to/from hotel managers	2,999	(2,844)	10,513
Accounts payable and accrued expenses	1,208	2,464	3,872
Net cash provided by operating activities	104,231	85,072	80,538
Cash flows from investing activities:
Hotel acquisitions	(385,472)	(265,999)	0
Purchase deposits	(20,000)	0	0
Purchase of mortgage loan	0	(60,601)	0
Purchase of ground lease interest	0	0	(874)
Cash received from mortgage loan	3,163	2,650	0
Hotel capital expenditures	(54,752)	(31,532)	(24,692)
Change in restricted cash	(5,128)	(15,040)	(2,465)
Receipt of deferred key money	6,047	0	0
Net cash used in investing activities	(456,142)	(370,522)	(28,031)
Cash flows from financing activities:
Proceeds from mortgage debt	100,000	0	43,000
Repayments of mortgage debt	0	0	(73,409)
Draw on senior unsecured credit facility	130,000	0	0
Repayments of credit facility	(30,000)	0	(57,000)
Scheduled mortgage debt principal payments	(8,960)	(5,897)	(4,167)
Proceeds from sale of common stock, net	149,632	209,690	204,975
Repurchase of common stock	(3,849)	(3,961)	(1,057)
Payment of financing costs	(2,457)	(3,238)	(1,219)
Payment of cash dividends	(40,365)	(4,323)	(80)
Net cash provided by financing activities	294,001	192,271	111,043
Net (decrease) increase in cash and cash equivalents	(57,910)	(93,179)	163,550
Cash and cash equivalents, beginning of year	84,201	177,380	13,830
Cash and cash equivalents, end of year	26,291	84,201	177,380
Supplemental Disclosure of Cash Flow Information:
Cash paid for interest	54,618	47,119	47,595
Cash paid for income taxes	1,382	846	1,023
Capitalized interest	1,527	112	19
Non-cash Financing Activities:
Assumption of mortgage debt	71,421	0	0
Unpaid dividends	$ 13,594	$ 0	$ 41,810