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Acquisition of Hotel and Other Properties (Details) (USD $) In Thousands, except Share data, unless otherwise specified | 0 Months Ended | 3 Months Ended | 9 Months Ended |  | 3 Months Ended | 9 Months Ended | 0 Months Ended |  | 0 Months Ended |  | 0 Months Ended |  |  | 3 Months Ended | 9 Months Ended | 0 Months Ended |
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Sep. 11, 2014 | Jul. 15, 2014 | Sep. 30, 2014 room | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2014 room | Sep. 30, 2013 | Dec. 31, 2013 | Sep. 30, 2014 2014 Acquisitions room | Sep. 30, 2014 2014 Acquisitions room | Mar. 12, 2014 Hyatt House Charlotte Center City room | Mar. 12, 2014 Hyatt House Cypress Anaheim room | Mar. 12, 2014 Hyatt House Emeryville San Francisco Bay Area room | Mar. 12, 2014 Hyatt House San Diego Sorrento Mesa room | Mar. 12, 2014 Hyatt House San Jose Silicon Valley room | Mar. 12, 2014 Hyatt House San Ramon room | Mar. 12, 2014 Hyatt House Santa Clara room | Mar. 12, 2014 Hyatt Market Street The Woodlands room | Mar. 12, 2014 Hyatt Place Fremont Silicon Valley room | Mar. 12, 2014 Hyatt Place Madison Downtown room | May 22, 2014 Courtyard Portland City Center | May 22, 2014 Courtyard Portland City Center room | May 22, 2014 Embassy Suites Irvine Orange County | May 22, 2014 Embassy Suites Irvine Orange County room | Jun. 19, 2014 Hilton Cabana Miami Beach room | Jul. 14, 2014 Hyatt Atlanta Midtown [Member] room | Sep. 11, 2014 DoubleTree Grand Key Resort [Member] room | Sep. 30, 2012 2013 Acquisitions | Sep. 30, 2014 2013 Acquisitions room | Sep. 30, 2013 2013 Acquisitions | Mar. 19, 2013 Courtyard Houston Downtown Convention Center room | Mar. 19, 2013 Residence Inn Houston Downtown Convention Center room | Mar. 19, 2013 Humble Tower Apartments room | Jun. 17, 2013 Courtyard Waikiki Beach room | Jun. 21, 2013 Vantaggio Suites Cosmo room | Aug. 06, 2013 Residence Inn Atlanta Midtown [Member] room | Sep. 30, 2014 Management Agreement Intangibles 2014 Acquisitions | Sep. 30, 2014 Lease Intangibles 2014 Acquisitions
Acquisition of Hotel Properties |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
% Interest |  |  |  |  |  | 100.00% | 100.00% |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Rooms |  |  | 23,346 |  |  | 23,346 |  |  | 2,749 | 2,749 | 163 | 142 | 234 | 193 | 164 | 142 | 150 | 70 | 151 | 151 |  | 256 |  | 293 | 231 | 194 | [1] | 215 | [1] |  | 1,071 |  | 191 | 171 | 82 | [2] | 399 | 150 | [1] | 78 | [1] |  |
Purchase Price | $ 78,250 | $ 49,500 |  |  |  |  |  |  |  |  | $ 32,496 | $ 14,753 | $ 39,274 | $ 35,985 | $ 44,159 | $ 20,833 | $ 40,570 | $ 25,817 | $ 23,525 | $ 35,088 | $ 67,000 |  | $ 53,000 |  | $ 71,700 |  |  |  |  |  | $ 188,731 |  | $ 34,308 | $ 29,421 | $ 15,547 | [2] | $ 75,250 | $ 29,474 | [1] | $ 4,731 | [1] |  |
Land and land improvements |  |  |  |  |  |  |  |  | 164,335 | 164,335 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 24,132 |  |  |  |  |  |  |  |  |  |  |
Buildings and improvements |  |  |  |  |  |  |  |  | 409,506 | 409,506 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 169,070 |  |  |  |  |  |  |  |  |  |  |
Furniture, fixtures and equipment |  |  |  |  |  |  |  |  | 57,571 | 57,571 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 3,151 |  |  |  |  |  |  |  |  |  |  |
Intangible and other assets |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 342 |  |  |  |  |  |  |  |  |  |  | 538
Intangible and other liabilities |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (3,695) |  |  |  |  |  |  |  |  |  | 0 |
Intangible assets, net |  |  | 3,045 |  |  | 3,045 |  | 2,507 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (4,269) |  |  |  |  |  |  |  |  |  |  |
Total purchase price |  |  |  |  |  |  |  |  | 631,950 | 631,950 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 631,950 | 188,731 |  |  |  |  |  |  |  |  |  |  |
Total revenues and net income (loss) from hotels acquired |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Revenue |  |  | 297,666 | 252,116 |  | 829,086 | 727,809 |  | 38,181 | 67,988 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 11,179 |  | 17,741 |  |  |  |  |  |  |  |  |  |  |
Net income |  |  | 37,064 | 36,928 |  | 102,410 | 86,497 |  | 8,628 | 11,639 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 2,056 |  | 1,488 |  |  |  |  |  |  |  |  |  |  |
Unaudited condensed pro forma financial information |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Revenue |  |  | 300,652 |  | 286,526 | 870,977 | 839,560 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net income attributable to common shareholders |  |  | $ 37,688 |  | $ 43,172 | $ 111,408 | $ 109,462 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net income per share attributable to common shareholders - basic (in dollars per share) |  |  | $ 0.29 |  | $ 0.36 | $ 0.88 | $ 0.94 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net income per share attributable to common shareholders - diluted (in dollars per share) |  |  | $ 0.28 |  | $ 0.35 | $ 0.88 | $ 0.93 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Weighted-average number of shares outstanding - basic (in shares) |  |  | 131,106,440 |  | 121,594,219 | 126,070,309 | 116,697,417 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Weighted-average number of shares outstanding - diluted (in shares) |  |  | 132,386,843 |  | 122,750,121 | 127,297,901 | 117,797,670 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
[1] | Conversion to a Courtyard by Marriott is in progress.(3)The Company was the successful bidder at a foreclosure sale of the property collateralizing a non-performing loan.
[2] | Conversion to a SpringHill Suites is in progress.

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