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Condensed Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
 6 Months Ended
Jun. 30, 2013
Jun. 15, 2012
Cash flows from operating activities:    
Net income $ 10,945 $ 11,559
Adjustments to reconcile net income to net cash provided by operating activities:    
Real estate depreciation 54,026 41,089
Corporate asset depreciation as corporate expenses 49 44
Gain on sale of hotel properties 0 (10,017)
Gain on early extinguishment of debt 0 (144)
Non-cash ground rent 3,410 3,107
Non-cash financing costs, debt premium and interest rate cap as interest 1,349 1,681
Amortization of note receivable discount as interest income (1,205) 0
Impairment of favorable lease asset 0 468
Amortization of favorable and unfavorable contracts, net (709) (864)
Amortization of deferred income (532) (426)
Stock-based compensation 3,241 2,262
Payment of litigation settlement 0 (1,709)
Changes in assets and liabilities:    
Prepaid expenses and other assets (4,575) (1,723)
Restricted cash 1,358 (1,975)
Due to/from hotel managers (12,968) (15,945)
Accounts payable and accrued expenses (1,375) (8,567)
Net cash provided by operating activities 53,014 18,840
Cash flows from investing activities:    
Hotel capital expenditures (42,590) (15,171)
Net proceeds from sale of properties 0 92,631
Mortgage loan principal payments 6,574 303
Change in restricted cash (13,342) (5,819)
Purchase deposits 0 (1,898)
Receipt of deferred key money 338 241
Net cash (used in) provided by investing activities (49,020) 70,287
Cash flows from financing activities:    
Scheduled mortgage debt principal payments (6,476) (5,371)
Repurchase of common stock and other (1,952) (2,946)
Proceeds from mortgage debt 102,000 170,368
Prepayment of mortgage debt 0 (26,963)
Draws on senior unsecured credit facility 25,000 40,000
Repayments of senior unsecured credit facility (45,000) (140,000)
Payment of financing costs (535) (4,375)
Purchase of interest rate cap 0 (934)
Payment of cash dividends (32,403) (40,373)
Net cash provided by (used in) financing activities 40,634 (10,594)
Net increase in cash and cash equivalents 44,628 78,533
Cash and cash equivalents, beginning of period 9,623 26,291
Cash and cash equivalents, end of period 54,251 104,824
Supplemental Disclosure of Cash Flow Information:    
Cash paid for interest 26,313 27,733
Cash paid for income taxes 645 1,153
Capitalized interest 687 543
Non-cash Financing Activities:    
Unpaid dividends 16,919 155
Buyer assumption of mortgage debt on sale of hotels $ 0 $ 180,000