CONDENSED CONSOLIDATED STATEMENTS OF INCOME (USD $) In Thousands, except Per Share data	3 Months Ended		9 Months Ended
	Sep. 30, 2011	Sep. 30, 2010	Sep. 30, 2011	Sep. 30, 2010
Revenues:
Hotel operating revenues	$ 242,995	$ 193,626	$ 670,867	$ 558,900
Rental income	72,305	81,695	230,078	241,774
FF&E reserve income	3,389	5,877	13,537	17,023
Total revenues	318,689	281,198	914,482	817,697
Expenses:
Hotel operating expenses	168,278	128,601	450,845	364,058
Depreciation and amortization	57,106	57,997	171,050	179,260
General and administrative	11,292	10,082	30,746	29,396
Acquisition related costs	387		1,150
Loss on asset impairment			7,263	16,384
Total expenses	237,063	196,680	661,054	589,098
Operating income	81,626	84,518	253,428	228,599
Interest income	11	33	54	216
Interest expense (including amortization of deferred financing costs and debt discounts of $1,614, $1,488, $4,623 and $5,629, respectively)	(33,513)	(33,475)	(100,183)	(105,367)
Loss on extinguishment of debt				(6,720)
Equity in earnings (losses) of an investee	28	34	111	(17)
Income before income taxes	48,152	51,110	153,410	116,711
Income tax expense	(621)	(878)	(1,188)	(2,404)
Net income (loss)	47,531	50,232	152,222	114,307
Preferred distributions	(7,470)	(7,470)	(22,410)	(22,410)
Net income available for common shareholders	$ 40,061	$ 42,762	$ 129,812	$ 91,897
Weighted average common shares outstanding, Basic (in shares)	123,465	123,399	123,453	123,389
Weighted average common shares outstanding, Diluted (in shares)	123,465	123,399	123,453	123,389
Basic and diluted earnings per common share:
Net income available for common shareholders, Basic (in dollars per share)	$ 0.32	$ 0.35	$ 1.05	$ 0.74
Net income available for common shareholders, Diluted (in dollars per share)	$ 0.32	$ 0.35	$ 1.05	$ 0.74