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Investment in Hotel Properties, net (Investments in Hotel Properties, Net) (Details) - USD ($)
$ in Thousands
Sep. 30, 2017
Dec. 31, 2016
Property, Plant and Equipment [Abstract]    
Land $ 347,662 $ 210,696
Buildings and improvements 1,076,366 972,412
Furniture, fixtures and equipment 96,845 70,922
Construction in progress 8,238 4,382
Total cost 1,529,111 1,258,412
Accumulated depreciation (297,976) (243,880)
Investments in hotel properties, net $ 1,231,135 $ 1,014,532