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Joint Venture Transaction (Tables)
 9 Months Ended
Sep. 30, 2015
Business Combinations [Abstract]  
Schedule of Business Acquisitions, by Acquisition
The following table summarizes the fair values of assets acquired and liabilities assumed where we obtained control of a previously unconsolidated entity (i.e., a business combination) through this, primarily, non-cash transaction:
Assets
 
Investment in hotels
$
130,100

Other assets
1,300

Deferred expenses
259

Total assets acquired
$
131,659

 
 
Liabilities
 
Debt
$
64,000

Net assets acquired
$
67,659
Business Acquisition, Pro Forma Information
The following unaudited consolidated pro forma results of operations for the three and nine months ended September 30, 2014 and 2013 assumes the joint venture transactions (the business combination, the disposition of unconsolidated interests, the acquisition of a 10% interest in one hotel, and the change in lessee ownership percentages) occurred on January 1, 2013. The unaudited consolidated pro forma results of operations are not necessarily indicative of the results of operations if the transactions had been completed on the assumed date.
 
Three Months Ended
 
Nine Months Ended
 
September 30,
 
September 30,
 
2014
 
2013
 
2014
 
2013
Net income (loss)
$
73,640

 
$
3,378

 
$
84,408

 
$
(45,201
)
Income (loss) per share/unit - basic
$
0.50

 
$
(0.06
)
 
$
0.43

 
$
(0.57
)
Income (loss) per share/unit - diluted
$
0.50

 
$
(0.06
)
 
$
0.42

 
$
(0.57
)