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Condensed Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
 9 Months Ended
Sep. 07, 2012
Sep. 30, 2013
Cash flows from operating activities:    
Net income (loss) $ (33,219) $ 19,509
Adjustments to reconcile net income to net cash provided by operating activities:    
Real estate depreciation 64,149 80,280
Corporate asset depreciation as corporate expenses 66 75
Gain on sale of hotel properties (9,541) 0
Gain on early extinguishment of debt (144) 0
Non-cash ground rent 4,621 5,111
Non-cash financing costs, debt premium and interest rate cap as interest 2,529 2,082
Amortization of note receivable discount as interest income 0 (1,892)
Impairment losses 45,534 0
Amortization of favorable and unfavorable contracts, net (1,296) (1,063)
Amortization of deferred income (658) (799)
Stock-based compensation 3,230 4,225
Payment of litigation settlement (1,709) 0
Changes in assets and liabilities:    
Prepaid expenses and other assets (1,261) (2,856)
Restricted cash (1,532) 2,894
Due to/from hotel managers (15,281) (7,375)
Accounts payable and accrued expenses (10,822) (8)
Net cash provided by operating activities 44,666 100,183
Cash flows from investing activities:    
Hotel capital expenditures (26,354) (75,256)
Hotel acquisitions (415,188) 0
Net proceeds from sale of properties 92,120 0
Mortgage loan principal payments 551 6,574
Change in restricted cash (6,193) (13,319)
Purchase deposits (1,898) (5,000)
Receipt of deferred key money 479 338
Net cash used in investing activities (356,483) (86,663)
Cash flows from financing activities:    
Scheduled mortgage debt principal payments (7,441) (10,161)
Repurchase of common stock and other (2,946) (1,952)
Proceeds from sale of common stock, net 199,831 0
Proceeds from mortgage debt 170,368 102,000
Prepayment of mortgage debt (26,963) 0
Draws on senior unsecured credit facility 175,000 25,000
Repayments of senior unsecured credit facility (155,000) (45,000)
Payment of financing costs (4,412) (538)
Purchase of interest rate cap (934) 0
Payment of cash dividends (40,373) (49,044)
Net cash provided by financing activities 307,130 20,305
Net increase (decrease) in cash and cash equivalents (4,687) 33,825
Cash and cash equivalents, beginning of period 26,291 9,623
Cash and cash equivalents, end of period 21,604 43,448
Supplemental Disclosure of Cash Flow Information:    
Cash paid for interest 38,236 40,503
Cash paid for income taxes 1,192 724
Capitalized interest 802 1,164
Non-cash Financing Activities:    
Unpaid dividends 15,871 17,006
Buyer assumption of mortgage debt on sale of hotels $ 180,000 $ 0