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Debt (Details) (USD $)
3 Months Ended 6 Months Ended 6 Months Ended 6 Months Ended 1 Months Ended 6 Months Ended 1 Months Ended
Jun. 30, 2012
Hotels
Jun. 30, 2011
Jun. 30, 2012
Hotels
Jun. 30, 2011
Dec. 31, 2011
Jun. 30, 2012
Line of Credit [Member]
Jun. 30, 2012
Line of Credit [Member]
Libor Plus Four Point Five Percent Due August 2014 [Member]
Hotels
Dec. 31, 2011
Line of Credit [Member]
Libor Plus Four Point Five Percent Due August 2014 [Member]
Jun. 30, 2012
Mortgages [Member]
Libor Plus Five Point One Zero Percent Due April 2015 [Member]
Hotels
Dec. 31, 2011
Mortgages [Member]
Libor Plus Five Point One Zero Percent Due April 2015 [Member]
Jun. 30, 2012
Mortgages [Member]
Libor Plus Two Point Two Zero Percent Due May 2013 [Member]
Hotels
Dec. 31, 2011
Mortgages [Member]
Libor Plus Two Point Two Zero Percent Due May 2013 [Member]
Jun. 30, 2012
Mortgages [Member]
Nine Point Zero Two Percent Due April 2014 [Member]
Hotels
Dec. 31, 2011
Mortgages [Member]
Nine Point Zero Two Percent Due April 2014 [Member]
Jun. 30, 2012
Mortgages [Member]
Six Point Six Six Percent Due June Through August 2014 [Member]
Hotels
Dec. 31, 2011
Mortgages [Member]
Six Point Six Six Percent Due June Through August 2014 [Member]
Jun. 30, 2012
Mortgages [Member]
Five Point Eight One Percent Due July 2016 [Member]
Hotels
Dec. 31, 2011
Mortgages [Member]
Five Point Eight One Percent Due July 2016 [Member]
Jun. 30, 2012
Senior Notes [Member]
Six Point Seven Five Percent Due June 2019 [Member]
Hotels
Dec. 31, 2011
Senior Notes [Member]
Six Point Seven Five Percent Due June 2019 [Member]
Jan. 31, 2012
Senior Notes [Member]
Ten Point Zero Zero Percent Due October 2014 [Member]
Jun. 30, 2011
Senior Notes [Member]
Ten Point Zero Zero Percent Due October 2014 [Member]
Jun. 30, 2012
Senior Notes [Member]
Ten Point Zero Zero Percent Due October 2014 [Member]
Hotels
Dec. 31, 2011
Senior Notes [Member]
Ten Point Zero Zero Percent Due October 2014 [Member]
Jun. 30, 2012
Other Debt [Member]
Hotels
Jun. 30, 2012
Other Debt [Member]
Libor Plus One Point Five Zero Percent Due December 2012 [Member]
Dec. 31, 2011
Other Debt [Member]
Libor Plus One Point Five Zero Percent Due December 2012 [Member]
May 31, 2012
Secured Debt [Member]
Jun. 30, 2012
Minimum [Member]
Mortgages [Member]
Libor Plus Five Point One Zero Percent Due April 2015 [Member]
Debt Instrument [Line Items]                                                          
Number of encumbered hotels (in hotels) 53   53       10 [1]   7   6   7   5 [2]   1   6       11 [3]   0        
Interest rate                         9.02%   6.66%   5.81%   6.75%       10.00% [3]            
Variable rate basis                                                   LIBOR      
Variable rate basis spread             4.50%   5.10%   2.20%                             1.50%      
Long-term Debt $ 1,534,752,000   $ 1,534,752,000   $ 1,596,466,000   $ 20,000,000 [1] $ 0 [1] $ 186,669,000 $ 202,982,000 $ 88,395,000 $ 156,398,000 $ 107,889,000 $ 109,044,000 $ 66,419,000 $ 67,375,000 $ 10,640,000 $ 10,876,000 $ 525,000,000 $ 525,000,000     $ 464,880,000 [3] $ 459,931,000 [3]   $ 64,860,000 $ 64,860,000    
Credit facility, capacity           225,000,000                                              
Basis floor on variable rate                                                         3.00% [4]
Credit facility, extension term           1 year                                              
Notional amount of interest rate cap                 203,000,000                                        
Interest rate cap (as a percent)                 5.40% [4]                                        
Loan extension term                     6 months                                    
Aggregate principal outstanding                                             492,000,000            
Debt repaid                                         96,000 144,000,000              
Debt, effective yield                                             12.875%            
Repayments of Secured Debt                                                       69,200,000  
Interest expense 31,647,000 34,347,000 62,688,000 67,116,000                                                  
Interest income (35,000) (53,000) (83,000) (93,000)                                                  
Capitalized interest $ 3,300,000 $ 312,000 $ 6,600,000 $ 510,000                                                  
[1] Our $225 million line of credit can be extended for one year (to 2015), subject to satisfying certain conditions.
[2] These notes have $492 million in aggregate principal outstanding ($144 million and $96,000 in aggregate principal amount was redeemed in June 2011 and January 2012, respectively) and were initially sold at a discount that provided an effective yield of 12.875% before transaction costs.
[3] This loan is related to our Knickerbocker development project and is fully secured by restricted cash and a mortgage. Because we were able to assume an existing loan when we purchased this hotel, we were not required to pay any local mortgage recording tax. When that loan is transferred to a new lender and made part of our construction loan, we expect to only pay such tax to the extent of the incremental principal amount of the construction loan.
[4] This loan can be extended for six months, subject to satisfying certain conditions.