CONDENSED CONSOLIDATED STATEMENTS OF INCOME (USD $) In Thousands, except Per Share data	3 Months Ended		6 Months Ended
	Jun. 30, 2011	Jun. 30, 2010	Jun. 30, 2011	Jun. 30, 2010
Revenues:
Hotel operating revenues	$ 230,335	$ 195,967	$ 427,872	$ 365,274
Rental income	78,240	80,593	157,773	160,079
FF&E reserve income	5,234	5,831	10,148	11,146
Total revenues	313,809	282,391	595,793	536,499
Expenses:
Hotel operating expenses	152,814	130,057	282,567	235,457
Depreciation and amortization	57,630	60,726	113,944	121,263
General and administrative	10,190	9,731	19,454	19,313
Acquisition related costs	763		763
Loss on asset impairment	7,263	16,384	7,263	16,384
Total expenses	228,660	216,898	423,991	392,417
Operating income	85,149	65,493	171,802	144,082
Interest income	14	33	43	183
Interest expense (including amortization of deferred financing costs and debt discounts of $1,508, $1,735, $3,009 and $4,140, respectively)	(33,331)	(34,987)	(66,670)	(71,892)
Loss on extinguishment of debt		(6,720)		(6,720)
Equity in earnings (losses) of an investee	46	(24)	83	(52)
Income before income taxes	51,878	23,795	105,258	65,601
Income tax expense	(235)	(585)	(567)	(1,526)
Net income	51,643	23,210	104,691	64,075
Preferred distributions	(7,470)	(7,470)	(14,940)	(14,940)
Net income available for common shareholders	$ 44,173	$ 15,740	$ 89,751	$ 49,135
Weighted average common shares outstanding, Basic (in shares)	123,450	123,389	123,447	123,385
Weighted average common shares outstanding, Diluted (in shares)	123,450	123,389	123,447	123,385
Basic and diluted earnings per common share:
Net income available for common shareholders, Basic (in dollars per share)	$ 0.36	$ 0.13	$ 0.73	$ 0.40
Net income available for common shareholders, Diluted (in dollars per share)	$ 0.36	$ 0.13	$ 0.73	$ 0.40