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Condensed Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
 3 Months Ended
Mar. 31, 2013
Mar. 23, 2012
Cash flows from operating activities:    
Net (loss) income $ (4,126) $ 2,615
Adjustments to reconcile net loss to net cash provided by operating activities:    
Real estate depreciation 26,834 20,518
Corporate asset depreciation as corporate expenses 25 22
Gain on sale of properties, net of tax 0 (10,017)
Gain on early extinguishment of debt 0 (144)
Non-cash ground rent 1,693 1,531
Non-cash financing costs, debt premium and interest rate cap as interest 703 486
Amortization of note receivable discount as interest income (533) 0
Amortization of favorable and unfavorable contracts, net (354) (432)
Amortization of deferred income (265) (210)
Stock-based compensation 1,860 940
Changes in assets and liabilities:    
Prepaid expenses and other assets 2,286 902
Restricted cash (1,239) (13)
Due to/from hotel managers (3,130) (2,493)
Accounts payable and accrued expenses (5,541) (11,962)
Net cash provided by operating activities 18,213 1,743
Cash flows from investing activities:    
Hotel capital expenditures (13,937) (6,791)
Net proceeds from sale of properties 0 92,631
Cash received from mortgage loan 5,074 0
Change in restricted cash (12,737) (2,853)
Purchase deposits 0 (1,485)
Receipt of deferred key money 0 62
Net cash (used in) provided by investing activities (21,600) 81,564
Cash flows from financing activities:    
Scheduled mortgage debt principal payments (2,980) (2,746)
Repurchase of common stock (1,620) (2,946)
Proceeds from mortgage debt 102,000 170,368
Prepayment of mortgage debt 0 (26,963)
Draw on senior unsecured credit facility 25,000 40,000
Repayments of senior unsecured credit facility (35,000) (140,000)
Payment of financing costs (525) (4,350)
Purchase of interest rate cap 0 (934)
Payment of cash dividends (15,736) (13,457)
Net cash provided by financing activities 71,139 18,972
Net decrease in cash and cash equivalents 67,752 102,279
Cash and cash equivalents, beginning of period 9,623 26,291
Cash and cash equivalents, end of period 77,375 128,570
Supplemental Disclosure of Cash Flow Information:    
Cash paid for interest 12,354 15,595
Cash paid for income taxes 52 204
Capitalized interest 367 271
Non-cash Financing Activities:    
Unpaid dividends 16,862 13,600
Buyer assumption of mortgage debt on sale of hotels $ 0 $ 180,000