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Condensed Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
 3 Months Ended
Mar. 31, 2014
Mar. 31, 2013
Cash flows from operating activities:    
Net income (loss) $ 4,037 $ (4,126)
Adjustments to reconcile net income to net cash provided by operating activities:    
Real estate depreciation 25,123 26,834
Corporate asset depreciation as corporate expenses 27 25
Non-cash ground rent 1,696 1,693
Non-cash financing costs, debt premium and interest rate cap as interest 708 703
Amortization of note receivable discount as interest income (696) (533)
Amortization of favorable and unfavorable contracts, net (353) (354)
Amortization of deferred income (272) (265)
Stock-based compensation 1,047 1,860
Changes in assets and liabilities:    
Prepaid expenses and other assets 2,411 2,286
Restricted cash (7,085) (1,239)
Due to/from hotel managers (6,014) (3,130)
Accounts payable and accrued expenses (9,785) (5,541)
Net cash provided by operating activities 10,844 18,213
Cash flows from investing activities:    
Hotel capital expenditures (25,967) (13,937)
Mortgage loan principal payments 6,000 5,074
Change in restricted cash (1,758) (12,737)
Net cash used in investing activities (21,725) (21,600)
Cash flows from financing activities:    
Scheduled mortgage debt principal payments (3,512) (2,980)
Repurchase of common stock and other (1,898) (1,620)
Proceeds from mortgage debt 0 102,000
Draws on senior unsecured credit facility 0 25,000
Repayments of senior unsecured credit facility 0 (35,000)
Payment of financing costs 0 (525)
Payment of cash dividends (16,811) (15,736)
Net cash (used in) provided by financing activities (22,221) 71,139
Net (decrease) increase in cash and cash equivalents (33,102) 67,752
Cash and cash equivalents, beginning of period 144,584 9,623
Cash and cash equivalents, end of period 111,482 77,375
Supplemental Disclosure of Cash Flow Information:    
Cash paid for interest 13,111 12,354
Cash paid for income taxes 87 52
Capitalized interest 343 367
Non-cash Financing Activities:    
Unpaid dividends $ 20,330 $ 16,862