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Condensed Consolidated Statements of Cash Flows (Unaudited) (USD $)
In Thousands
 6 Months Ended
Jun. 17, 2011
Jun. 18, 2010
Cash flows from operating activities:    
Net loss $ (11,599) $ (7,505)
Adjustments to reconcile net loss to net cash provided by operating activities:    
Real estate depreciation 43,034 37,981
Corporate asset depreciation as corporate expenses 39 70
Non-cash ground rent 3,221 3,566
Non-cash financing costs as interest 764 457
Non-cash reversal of penalty interest 0 (3,134)
Amortization of unfavorable contract liabilities (852) (794)
Amortization of deferred income (403) (260)
Stock-based compensation 2,301 1,915
Changes in assets and liabilities:    
Prepaid expenses and other assets (2,852) (1,368)
Restricted cash (2,794) (2,546)
Due to/from hotel managers (7,590) (11,538)
Accounts payable and accrued expenses (4,929) (3,083)
Net cash provided by operating activities 18,340 13,761
Cash flows from investing activities:    
Hotel capital expenditures (21,345) (10,391)
Hotel acquisitions (366,792) (156,501)
Purchase of mortgage loan 0 (60,282)
Cash received from mortgage loan 605 0
Change in restricted cash (15,762) (6,997)
Purchase deposits (22,300) 0
Receipt of deferred key money 1,768 0
Net cash used in investing activities (423,826) (234,171)
Cash flows from financing activities:    
Scheduled mortgage debt principal payments (3,637) (2,934)
Repurchase of common stock (3,095) (3,961)
Proceeds from sale of common stock, net 149,674 209,864
Proceeds from mortgage loan financing 100,000 0
Draw on senior unsecured credit facility 115,000 0
Payment of financing costs (2,234) (198)
Payment of cash dividends (13,505) (4,323)
Net cash provided by financing activities 342,203 198,448
Net decrease in cash and cash equivalents (63,283) (21,962)
Cash and cash equivalents, beginning of period 84,201 177,380
Cash and cash equivalents, end of period 20,918 155,418
Supplemental Disclosure of Cash Flow Information:    
Cash paid for interest 24,426 23,484
Cash paid for income taxes 629 642
Capitalized interest 548 0
Assumption of mortgage debt 43,879 0
Unpaid dividends $ 13,549