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Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
 12 Months Ended
Dec. 31, 2013
Dec. 31, 2012
Dec. 31, 2011
Cash flows from operating activities:      
Net income (loss) $ 49,065 $ (16,592) $ (7,678)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:      
Real estate depreciation 105,655 101,498 99,224
Corporate asset depreciation as corporate expenses 99 95 85
Gain on sale of hotel properties, net (22,733) (9,479) 0
Loss (gain) on early extinguishment of debt 1,492 (144) 0
Non-cash ground rent 6,787 6,694 6,996
Non-cash financing costs, debt premium, and interest rate cap as interest 2,803 3,538 1,449
Amortization of note receivable discount as interest income (2,602) 0 0
Impairment losses 0 45,534 0
Amortization of favorable and unfavorable contracts, net (1,487) (1,872) (1,860)
Amortization of deferred income (2,150) (999) (653)
Termination fee paid to hotel manager (737) 0 0
Stock-based compensation 5,217 4,529 4,496
Payment of litigation settlement 0 (1,709) 0
Deferred income tax expense (benefit) (343) (6,510) 1,564
Changes in assets and liabilities:      
Prepaid expenses and other assets (1,615) (4,999) (206)
Restricted cash 1,024 (16,830) (3,393)
Due to/from hotel managers 899 (10,607) 2,999
Accounts payable and accrued expenses 2,360 991 1,208
Net cash provided by operating activities 143,734 93,138 104,231
Cash flows from investing activities:      
Hotel capital expenditures (107,307) (49,262) (54,752)
Hotel acquisitions 0 (444,709) (385,472)
Net proceeds from sale of properties 76,437 131,073 0
Mortgage loan principal payments 6,574 996 3,163
Change in restricted cash (17,279) (6,072) (5,128)
Purchase deposits (5,000) (1,898) (20,000)
Receipt of deferred key money 4,568 767 6,047
Net cash used in investing activities (42,007) (369,105) (456,142)
Cash flows from financing activities:      
Scheduled mortgage debt principal payments (14,249) (11,072) (8,960)
Repurchase of common stock and other (1,952) (2,967) (3,849)
Proceeds from sale of common stock, net 0 199,790 149,632
Proceeds from mortgage debt 165,000 244,368 100,000
Repayments of mortgage debt (28,779) (26,963) 0
Draw on senior unsecured credit facility 25,000 200,000 130,000
Repayments of credit facility (45,000) (280,000) (30,000)
Payment of financing costs (1,101) (6,912) (2,457)
Purchase of interest rate cap 0 (934) 0
Payment of cash dividends (65,685) (56,011) (40,365)
Net cash provided by financing activities 33,234 259,299 294,001
Net increase (decrease) in cash and cash equivalents 134,961 (16,668) (57,910)
Cash and cash equivalents, beginning of year 9,623 26,291 84,201
Cash and cash equivalents, end of year 144,584 9,623 26,291
Supplemental Disclosure of Cash Flow Information:      
Cash paid for interest 55,605 55,294 54,618
Cash paid for income taxes 795 1,723 1,382
Capitalized interest 1,516 1,164 1,527
Non-cash Financing Activities:      
Assumption of mortgage debt 0 0 71,421
Unpaid dividends 16,981 15,911 13,594
Buyer assumption of mortgage debt on sale of hotels 0 180,000 0
Issuance of common stock in connection with acquisition of hotel portfolio $ 0 $ 66,523 $ 0