Lasalle Hotel Properties (LHO) 10-Q 16 Oct 13 2013 Q3 Quarterly report Financial data

Document_And_Entity_Informatio

Document And Entity Information	9 Months Ended
	Sep. 30, 2013	Oct. 16, 2013
Document And Entity Information [Abstract]
Document Type	10-Q
Amendment Flag	FALSE
Document Period End Date	30-Sep-13
Document Fiscal Year Focus	2013
Document Fiscal Period Focus	Q3
Entity Registrant Name	LaSalle Hotel Properties
Entity Central Index Key	1053532
Current Fiscal Year End Date	-19
Entity Filer Category	Large Accelerated Filer
Entity Common Stock, Shares Outstanding		96,258,318

Consolidated_Balance_Sheets

Consolidated Balance Sheets (USD $)	Sep. 30, 2013	Dec. 31, 2012
In Thousands, unless otherwise specified
Assets:
Investment in hotel properties, net (Note 3)	$3,390,855	$3,053,044
Note receivable (net of unamortized discount of $1,655 and $3,510, respectively)	70,345	68,490
Property under development	12,080	16,890
Cash and cash equivalents	15,471	35,090
Restricted cash reserves (Note 5)	18,198	17,414
Hotel receivables (net of allowance for doubtful accounts of $596 and $345, respectively)	47,404	28,485
Deferred financing costs, net	6,542	8,235
Deferred tax assets (Note 9)	1,197	1,286
Prepaid expenses and other assets	42,608	27,636
Total assets	3,604,700	3,256,570
Liabilities:
Borrowings under credit facilities (Note 4)	461,000	153,000
Term loans (Note 4)	477,500	477,500
Bonds payable (Note 4)	42,500	42,500
Mortgage loans (including unamortized premium of $62 and $118, respectively) (Note 4)	515,653	579,220
Accounts payable and accrued expenses	159,608	101,365
Advance deposits	21,626	16,422
Accrued interest	3,752	4,319
Distributions payable	31,142	23,314
Total liabilities	1,712,781	1,397,640
Commitments and contingencies (Note 5)
Shareholders’ Equity:
Preferred shares of beneficial interest, $0.01 par value (liquidation preference of $237,472 and $227,472, respectively), 40,000,000 shares authorized; 9,498,888 and 9,098,888 shares issued and outstanding, respectively (Note 6)	95	91
Common shares of beneficial interest, $0.01 par value, 200,000,000 shares authorized; 96,258,828 shares issued and 96,258,318 shares outstanding, and 95,480,358 shares issued and 95,445,444 shares outstanding, respectively (Note 6)	962	955
Treasury shares, at cost (Note 6)	-14	-886
Additional paid-in capital, net of offering costs of $74,167 and $71,640, respectively	2,149,600	2,118,705
Accumulated other comprehensive income (loss) (Note 4)	2,488	-7,735
Distributions in excess of retained earnings	-267,089	-258,004
Total shareholders’ equity	1,886,042	1,853,126
Noncontrolling Interests:
Noncontrolling interests in consolidated entities	18	18
Noncontrolling interests of common units in Operating Partnership (Note 6)	5,859	5,786
Total noncontrolling interests	5,877	5,804
Total equity	1,891,919	1,858,930
Total liabilities and equity	$3,604,700	$3,256,570

Consolidated_Balance_Sheets_Pa

Consolidated Balance Sheets (Parenthetical) (USD $)	Sep. 30, 2013		Dec. 31, 2012
In Thousands, except Share data, unless otherwise specified
Statement of Financial Position [Abstract]
Discount on note receivable	$1,655		$3,510
Allowance for doubtful accounts	596		345
Unamortized premium	62	[1]	118	[1]
Preferred shares, par value	$0.01		$0.01
Preferred shares, liquidation preference	237,472		227,472
Preferred shares, shares authorized	40,000,000		40,000,000
Preferred shares, shares issued	9,498,888		9,098,888
Preferred shares, shares outstanding	9,498,888		9,098,888
Common shares of beneficial interest, par value	$0.01		$0.01
Common shares of beneficial interest, shares authorized	200,000,000		200,000,000
Common shares of beneficial interest, shares issued	96,258,828		95,480,358
Common shares of beneficial interest, shares outstanding	96,258,318		95,445,444
Offering costs	$74,167		$71,640
[1]	Mortgage debt includes an unamortized loan premium on the mortgage loan on Hotel Deca of $62 as of September 30, 2013 and $118 as of December 31, 2012.

Consolidated_Statements_Of_Ope

Consolidated Statements Of Operations and Comprehensive Income (USD $)	3 Months Ended		9 Months Ended
In Thousands, except Share data, unless otherwise specified	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2013	Sep. 30, 2012
Hotel operating revenues:
Room	$189,619	$167,437	$495,696	$449,315
Food and beverage	60,022	52,896	175,397	156,298
Other operating department	18,289	15,410	48,001	42,105
Total hotel operating revenues	267,930	235,743	719,094	647,718
Other income	2,056	1,254	6,156	3,693
Total revenues	269,986	236,997	725,250	651,411
Hotel operating expenses:
Room	44,911	39,662	124,789	112,203
Food and beverage	41,886	37,751	121,871	111,488
Other direct	6,146	5,659	17,166	15,843
Other indirect (Note 8)	62,121	54,532	175,045	157,725
Total hotel operating expenses	155,064	137,604	438,871	397,259
Depreciation and amortization	40,634	31,480	107,182	92,911
Real estate taxes, personal property taxes and insurance	13,489	11,254	38,623	32,930
Ground rent (Note 5)	3,249	2,627	8,535	6,613
General and administrative	5,513	5,172	16,224	14,635
Acquisition transaction costs (Note 3)	2,687	156	2,687	4,057
Other expenses	1,749	922	3,918	2,391
Total operating expenses	222,385	189,215	616,040	550,796
Operating income	47,601	47,782	109,210	100,615
Interest income	2,448	2,060	7,212	2,086
Interest expense	-14,737	-14,110	-42,517	-38,391
Income before income tax expense	35,312	35,732	73,905	64,310
Income tax expense (Note 9)	-2,564	-4,943	-2,481	-6,920
Net income	32,748	30,789	71,424	57,390
Net income attributable to noncontrolling interests:
Noncontrolling interests in consolidated entities	0	0	-8	0
Noncontrolling interests of common units in Operating Partnership (Note 6)	-108	-116	-243	-224
Net income attributable to noncontrolling interests	-108	-116	-251	-224
Net income attributable to the Company	32,640	30,673	71,173	57,166
Distributions to preferred shareholders	-4,106	-4,166	-13,278	-17,567
Issuance costs of redeemed preferred shares (Note 6)	0	0	-1,566	-4,417
Net income attributable to common shareholders	28,534	26,507	56,329	35,182
Earnings per Common Share - Basic:
Net income attributable to common shareholders excluding amounts attributable to unvested restricted shares	$0.30	$0.31	$0.59	$0.41
Earnings per Common Share - Diluted:
Net income attributable to common shareholders excluding amounts attributable to unvested restricted shares	$0.30	$0.31	$0.59	$0.41
Weighted average number of common shares outstanding:
Basic	95,890,474	85,876,584	95,510,088	85,278,331
Diluted	96,082,340	86,056,957	95,681,763	85,449,543
Comprehensive Income:
Net income	32,748	30,789	71,424	57,390
Other comprehensive (loss) income :
Unrealized (loss) gain on interest rate derivative instruments (Note 4)	-2,345	-3,839	10,255	-8,534
Comprehensive income	30,403	26,950	81,679	48,856
Comprehensive income attributable to noncontrolling interests:
Noncontrolling interests in consolidated entities	0	0	-8	0
Noncontrolling interests of common units in Operating Partnership (Note 6)	-101	-103	-275	-195
Comprehensive income attributable to noncontrolling interests	-101	-103	-283	-195
Comprehensive income attributable to the Company	$30,302	$26,847	$81,396	$48,661

Consolidated_Statements_Of_Equ

Consolidated Statements Of Equity (USD $)	Total	Total Shareholders' Equity [Member]	Preferred Shares Of Beneficial Interest [Member]	Common Shares Of Beneficial Interest [Member]	Treasury Shares [Member]	Additional Paid-In Capital [Member]	Accumulated Other Comprehensive Income (Loss) [Member]	Distributions In Excess Of Retained Earnings [Member]	Total Noncontrolling Interests [Member]	Noncontrolling Interests In Consolidated Entities [Member]	Noncontrolling Interests Of Common Units In Operating Partnership [Member]
In Thousands, unless otherwise specified
Balance, Beginning of year at Dec. 31, 2011	$1,771,243	$1,765,613	$158	$851	($24,543)	$2,029,145	$0	($239,998)	$5,630	$17	$5,613
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Issuance of shares, net of offering costs	64,303	64,303	0	12	22,847	41,444	0	0	0	0	0
Redemption of preferred shares	-166,750	-166,750	-67	0	0	-162,266	0	-4,417	0	0	0
Repurchase of common shares into treasury	-1,210	-1,210	0	0	-1,210	0	0	0	0	0	0
Options exercised	74	74	0	0	0	74	0	0	0	0	0
Adjustments to issuance of units	-746	0	0	0	0	0	0	0	-746	0	-746
Deferred compensation, net	3,598	3,598	0	0	2,455	1,143	0	0	0	0	0
Adjustments to noncontrolling interests	0	-785	0	0	0	-785	0	0	785	0	785
Distributions on issued long-term performance-based share awards	-56	-56	0	0	0	0	0	-56	0	0	0
Distributions on common shares/units ($0.51 and $0.68 per share/unit, respectively)	-44,136	-43,985	0	0	0	0	0	-43,985	-151	0	-151
Distributions on preferred shares	-17,575	-17,567	0	0	0	0	0	-17,567	-8	-8	0
Net income	57,390	57,166	0	0	0	0	0	57,166	224	0	224
Other comprehensive (loss) income :
Unrealized gain (loss) on interest rate derivative instruments	-8,534	-8,505	0	0	0	0	-8,505	0	-29	0	-29
Balance, End of period at Sep. 30, 2012	1,657,601	1,651,896	91	863	-451	1,908,755	-8,505	-248,857	5,705	9	5,696
Balance, Beginning of year at Dec. 31, 2012	1,858,930	1,853,126	91	955	-886	2,118,705	-7,735	-258,004	5,804	18	5,786
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Issuance of shares, net of offering costs	126,126	126,126	44	7	262	125,813	0	0	0	0	0
Redemption of preferred shares	-100,000	-100,000	-40	0	0	-98,394	0	-1,566	0	0	0
Repurchase of common shares into treasury	-3	-3	0	0	-3	0	0	0	0	0	0
Deferred compensation, net	4,088	4,088	0	0	613	3,475	0	0	0	0	0
Adjustments to noncontrolling interests	0	1	0	0	0	1	0	0	-1	0	-1
Distributions on issued long-term performance-based share awards	-20	-20	0	0	0	0	0	-20	0	0	0
Distributions on common shares/units ($0.51 and $0.68 per share/unit, respectively)	-65,595	-65,394	0	0	0	0	0	-65,394	-201	0	-201
Distributions on preferred shares	-13,286	-13,278	0	0	0	0	0	-13,278	-8	-8	0
Net income	71,424	71,173	0	0	0	0	0	71,173	251	8	243
Other comprehensive (loss) income :
Unrealized gain (loss) on interest rate derivative instruments	10,255	10,223	0	0	0	0	10,223	0	32	0	32
Balance, End of period at Sep. 30, 2013	$1,891,919	$1,886,042	$95	$962	($14)	$2,149,600	$2,488	($267,089)	$5,877	$18	$5,859

Consolidated_Statements_Of_Equ1

Consolidated Statements Of Equity (Parenthetical) (USD $)	3 Months Ended			9 Months Ended
	Sep. 30, 2013	Jun. 30, 2013	Mar. 31, 2013	Sep. 30, 2013	Sep. 30, 2012
Statement of Stockholders' Equity [Abstract]
Distributions on common shares (per share)	$0.20	$0.20	$0.20	$0.68	$0.51

Consolidated_Statements_Of_Cas

Consolidated Statements Of Cash Flows (USD $)	9 Months Ended
In Thousands, unless otherwise specified	Sep. 30, 2013	Sep. 30, 2012
Cash flows from operating activities:
Net income	$71,424	$57,390
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	107,182	92,911
Amortization of deferred financing costs, mortgage premium and note receivable discount	-215	806
Deferred compensation	4,088	3,598
Deferred income tax expense	89	3,781
Allowance for doubtful accounts	251	82
Other	449	0
Changes in assets and liabilities:
Restricted cash reserves	738	-877
Hotel receivables	-18,982	-16,418
Prepaid expenses and other assets	-12,379	-6,938
Accounts payable and accrued expenses	15,615	14,225
Advance deposits	3,081	3,608
Accrued interest	-567	377
Net cash provided by operating activities	170,774	152,545
Cash flows from investing activities:
Improvements and additions to properties	-87,830	-51,425
Acquisition of properties	-302,135	-142,944
Purchase of office furniture and equipment	-40	-63
Acquisition of note receivable	0	-67,416
Restricted cash reserves	-22	1,130
Property insurance proceeds	436	0
Net cash used in investing activities	-389,591	-260,718
Cash flows from financing activities:
Borrowings under credit facilities	466,406	386,920
Repayments under credit facilities	-158,406	-442,334
Borrowings on term loans	0	377,500
Repayments of mortgage loans	-63,511	-63,292
Payment of deferred financing costs	-4	-4,202
Purchase of treasury shares	-3	-1,210
Proceeds from exercise of stock options	0	74
Proceeds from issuance of preferred shares	110,000	0
Payment of preferred offering costs	-3,648	0
Proceeds from issuance of common shares	19,943	64,786
Payment of common offering costs	-588	-977
Distributions on issued long-term performance-based share awards	-20	-56
Redemption of preferred shares	-100,000	-166,750
Distributions on preferred shares	-13,345	-20,811
Distributions on common shares/units	-57,626	-36,017
Net cash provided by financing activities	199,198	93,631
Net change in cash and cash equivalents	-19,619	-14,542
Cash and cash equivalents, beginning of period	35,090	20,225
Cash and cash equivalents, end of period	$15,471	$5,683

Investment_in_Hotel_Properties

Investment in Hotel Properties	9 Months Ended
	Sep. 30, 2013
Investments [Abstract]
Investment In Hotel Properties	Investment in Hotel Properties
	Investment in hotel properties as of September 30, 2013 and December 31, 2012 consists of the following:
		30-Sep-13				31-Dec-12
	Land	$	602,696			$	480,705
	Buildings and improvements	3,181,324				2,932,532
	Furniture, fixtures and equipment	538,013				472,052
	Investment in hotel properties, gross	4,322,033				3,885,289
	Accumulated depreciation	(931,178		)		(832,245		)
	Investment in hotel properties, net	$	3,390,855			$	3,053,044
	Depreciation expense was $40,521 and $106,854 for the three and nine months ended September 30, 2013, respectively, and $31,336 and $92,483 for the three and nine months ended September 30, 2012, respectively.
	Acquisitions
	During the third quarter of 2013, the Company acquired 100% interests in four full-service hotels, each of which is leased to LHL. The Company recorded the acquisitions at fair value using model-derived valuations, with the estimated fair value recorded to investment in hotel properties, capital lease obligations, and hotel working capital assets and liabilities. The Company has not yet finalized its determination of fair value of its acquisition properties as the Company is awaiting certain valuation-related information. A final determination of required fair value adjustments will be made during the fourth quarter of 2013. In connection with the acquisitions, the Company incurred acquisition transaction costs that were expensed as incurred. The following is a summary of the acquisitions:
													Acquisition
													Transaction Costs
	Hotel Name		Acquisition Date		Number of			Location	Purchase		Manager		For the three and nine months ended September 30, 2013
					Rooms				Price
	Harbor Court Hotel		1-Aug-13		131			San Francisco, CA	$	36,875	Kimpton Hotel & Restaurant Group, L.L.C.		$	578
	Hotel Triton		1-Aug-13		140			San Francisco, CA	10,900		Kimpton Hotel & Restaurant Group, L.L.C.		115
	Serrano Hotel		21-Aug-13		236			San Francisco, CA	71,500		Kimpton Hotel & Restaurant Group, L.L.C.		1,010
	Southernmost Hotel Collection		August 27, 2013		260			Key West, FL	184,500		Highgate Hotels		984
	Total								$	303,775			$	2,687
	Harbor Court Hotel and Hotel Triton are subject to leases of land and building, which were determined to be capital leases (see Note 5). Accordingly, at acquisition, the Company recorded capital assets related to its leasehold interests of $54,563 and $37,253 for Harbor Court Hotel and Hotel Triton, respectively, based upon the estimated fair values of the rights to use the leased properties for the remaining terms. The capital assets, net of accumulated depreciation for Harbor Court Hotel of $196 and Hotel Triton of $130, are included within investment in hotel properties, net, in the accompanying consolidated balance sheets as of September 30, 2013. Additionally, the Company recorded furniture, fixtures and equipment and inventory of $736 and $1,399 for Harbor Court Hotel and Hotel Triton, respectively, as part of the acquisitions.
	The sources of the funding for the above acquisitions were borrowings under the Company’s senior unsecured credit facility. Total revenues and net loss from the hotels acquired during 2013 of $8,570 and $682, respectively, are included in the accompanying consolidated statements of operations and comprehensive income for the three and nine months ended September 30, 2013.
	In connection with the acquisition of Hotel Palomar, Washington, DC on March 8, 2012, the Company incurred acquisition transaction costs of zero and $3,594 that were expensed as incurred during the three and nine months ended September 30, 2012, respectively, which expenses are included in the accompanying consolidated statements of operations and comprehensive income.
	During the first quarter of 2012, the Company finalized its determination of fair value of the real estate assets acquired of Park Central Hotel, upon receiving certain valuation-related information. The final determination resulted in a decrease of $746 to investment in hotel properties and noncontrolling interests of common units in Operating Partnership.
	In connection with the acquisition of Viceroy Santa Monica on March 16, 2011, the Company incurred acquisition transaction costs of zero and $100 during the three and nine months ended September 30, 2012, respectively, related to the finalization of acquisition accounting, which expenses are included in the accompanying consolidated statements of operations and comprehensive income.
	In connection with the acquisition of the mezzanine loan secured by pledges of ownership interests of the entities that own the underlying hotel properties, Shutters on the Beach and Casa Del Mar, in Santa Monica, CA, on July 13, 2012, the Company incurred acquisition transaction costs of $156 and $363 during the three and nine months ended September 30, 2012, respectively, which expenses are included in the accompanying consolidated statements of operations and comprehensive income.
	Condensed Pro Forma Financial Information
	The results of operations of acquired properties are included in the consolidated statements of operations and comprehensive income beginning on their respective acquisition dates. The following unaudited condensed pro forma financial information is presented as if the following 2012 and 2013 acquisitions had been consummated prior to January 1, 2011 and 2012, respectively, the beginning of the reporting period prior to acquisition. In addition, for purposes of the unaudited condensed pro forma financial information only, the February 1, 2012 through February 14, 2012 issuance of 1,714,939 common shares of beneficial interest, the May 18, 2012 through May 30, 2012 issuance of 641,069 common shares of beneficial interest, the August 8, 2012 issuance of 3,100 common shares of beneficial interest, the December 19, 2012 issuance of 9,200,000 shares of beneficial interest and the May 24, 2013 through May 31, 2013 issuance of 721,706 common shares of beneficial interest are presented as if the issuances had occurred as of January 1, 2011. No adjustments have been made to the unaudited condensed pro forma financial information presented below for the 2012 preferred share redemptions or the 2013 preferred share issuance and redemption, since those transactions have no relation to the acquisitions. The unaudited condensed pro forma financial information is for comparative purposes only and not necessarily indicative of what actual results of operations of the Company would have been had the 2012 and 2013 acquisitions been consummated prior to January 1, 2011 and 2012, respectively, nor does it purport to represent the results of operations for future periods.
	Adjustments have been made to the unaudited pro forma financial information for the following acquisitions:
	Property		Acquisition Date
	Hotel Palomar, Washington, DC		March 8, 2012
	L'Auberge Del Mar		December 6, 2012
	The Liberty Hotel		December 28, 2012
	Harbor Court Hotel		August 1, 2013
	Hotel Triton		August 1, 2013
	Serrano Hotel		August 21, 2013
	Southernmost Hotel Collection		August 27, 2013
	The unaudited condensed pro forma financial information for the three and nine months ended September 30, 2013 and 2012 is as follows:
		For the three months ended							For the nine months ended
		September 30,							September 30,
		2013				2012			2013		2012
		(unaudited)							(unaudited)
	Total revenues	$	278,024			$	269,571		$	769,879	$	750,963
	Net income	$	32,821			$	33,257		$	74,771	$	63,416
	Net income attributable to common shareholders	$	28,607			$	28,975		$	59,676	$	41,208
	Earnings per common share - basic	$	0.3			$	0.3		$	0.62	$	0.43
	Earnings per common share - diluted	$	0.3			$	0.3		$	0.62	$	0.43
	Weighted average number of common shares outstanding:
	Basic	95,890,474				95,799,571			95,889,692		95,774,870
	Diluted	96,082,340				95,979,943			96,061,368		95,946,082

Organization

Organization	9 Months Ended
	Sep. 30, 2013
Organization [Abstract]
Organization	Organization
	LaSalle Hotel Properties (the “Company”), a Maryland real estate investment trust organized on January 15, 1998, primarily buys, owns, redevelops and leases upscale and luxury full-service hotels located in convention, resort and major urban business markets. The Company is a self-administered and self-managed real estate investment trust ("REIT") as defined in the Internal Revenue Code of 1986, as amended (the “Code”). As a REIT, the Company is generally not subject to federal corporate income tax on that portion of its net income that is currently distributed to its shareholders. The income of LaSalle Hotel Lessee, Inc. (together with its wholly owned subsidiaries, “LHL”), the Company’s wholly owned taxable REIT subsidiary ("TRS"), is subject to taxation at normal corporate rates.
	As of September 30, 2013, the Company owned interests in 45 hotels with approximately 11,400 guest rooms located in 10 states and the District of Columbia. Each hotel is leased to LHL (see Note 8) under a participating lease that provides for rental payments equal to the greater of (i) a base rent or (ii) a participating rent based on hotel revenues. The LHL leases expire between December 2013 and December 2016. Lease revenue from LHL is eliminated in consolidation. A third-party non-affiliated hotel operator manages each hotel pursuant to a hotel management agreement.
	Substantially all of the Company’s assets are held directly or indirectly by, and all of its operations are conducted through, LaSalle Hotel Operating Partnership, L.P. (the “Operating Partnership”). The Company is the sole general partner of the Operating Partnership. The Company owned, through a combination of direct and indirect interests, 99.7% of the common units of the Operating Partnership at September 30, 2013. The remaining 0.3% is held by limited partners who held 296,300 common units of the Operating Partnership at September 30, 2013. See Note 6 for additional disclosures on common operating partnership units.

Summary_Of_Significant_Account

Summary Of Significant Accounting Policies	9 Months Ended
	Sep. 30, 2013
Accounting Policies [Abstract]
Summary Of Significant Accounting Policies	Summary of Significant Accounting Policies
	The accompanying unaudited interim consolidated financial statements and related notes have been prepared in accordance with U.S. generally accepted accounting principles (“GAAP”) and in conformity with the rules and regulations of the Securities and Exchange Commission (“SEC”) applicable to interim financial information. As such, certain information and disclosures normally included in financial statements prepared in accordance with GAAP have been omitted in accordance with the rules and regulations of the SEC. These unaudited consolidated financial statements, in the opinion of management, include all adjustments (consisting of normal recurring adjustments) considered necessary for a fair presentation of the consolidated balance sheets, consolidated statements of operations and comprehensive income (loss), consolidated statements of equity and consolidated statements of cash flows for the periods presented. Operating results for the three and nine months ended September 30, 2013 are not necessarily indicative of the results that may be expected for the year ending December 31, 2013 due to seasonal and other factors. These consolidated financial statements should be read in conjunction with the audited consolidated financial statements and accompanying notes included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2012.
	Basis of Presentation
	The consolidated financial statements include the accounts of the Company, the Operating Partnership, LHL and their subsidiaries in which they have a controlling interest, including joint ventures. All significant intercompany balances and transactions have been eliminated.
	Use of Estimates
	The preparation of the consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of certain assets and liabilities and the amounts of contingent assets and liabilities at the balance sheet date and the reported amounts of revenues and expenses during the reporting periods. Actual results could differ from those estimates.
	Substantially all of the Company’s revenues and expenses are generated by the operations of the individual hotels. The Company records revenues and expenses that are estimated by the hotel operators to produce quarterly financial statements because the management contracts do not require the hotel operators to submit actual results within a time frame that permits the Company to use actual results when preparing its Quarterly Reports on Form 10-Q for filing by the deadline prescribed by the SEC. Generally, the Company records actual revenue and expense amounts for the first two months of each quarter and revenue and expense estimates for the last month of each quarter. Each quarter, the Company reviews the estimated revenue and expense amounts provided by the hotel operators for reasonableness based upon historical results for prior periods and internal Company forecasts. The Company records any differences between recorded estimated amounts and actual amounts in the following quarter; historically, these differences have not been material. The Company believes the quarterly revenues and expenses, recorded on the Company’s consolidated statements of operations and comprehensive income (loss) based on an aggregate estimate, are fairly stated.
	Share-Based Compensation
	From time to time, the Company awards nonvested shares under the 2009 Equity Incentive Plan (“2009 Plan”), which has approximately five years remaining, as compensation to officers, employees and non-employee trustees (see Note 7). The shares issued to officers and employees vest over three to nine years. The Company generally recognizes compensation expense for nonvested shares on a straight-line basis over the vesting period based upon the fair market value of the shares on the date of issuance, adjusted for forfeitures.
	Noncontrolling Interests
	The Company's financial statements include entities in which the Company has a controlling financial interest. Noncontrolling interest is the portion of equity (net assets) in a subsidiary not attributable, directly or indirectly, to a parent. Such noncontrolling interests are reported on the consolidated balance sheets within equity, separately from the Company's equity. On the consolidated statements of operations and comprehensive income (loss), revenues, expenses and net income or loss from less-than-wholly-owned subsidiaries are reported at the consolidated amounts, including both the amounts attributable to the Company and noncontrolling interests. Income or loss is allocated to noncontrolling interests based on their weighted average ownership percentage for the applicable period. Consolidated statements of equity include beginning balances, activity for the period and ending balances for shareholders’ equity, noncontrolling interests and total equity.
	However, the Company’s securities that are redeemable for cash or other assets at the option of the holder, not solely within the control of the issuer, must be classified outside of permanent equity. The Company makes this determination based on terms in applicable agreements, specifically in relation to redemption provisions. Additionally, with respect to noncontrolling interests for which the Company has a choice to settle the contract by delivery of its own shares, the Company evaluates whether the Company controls the actions or events necessary to issue the maximum number of shares that could be required to be delivered under share settlement of the contract.
	As of September 30, 2013, the consolidated results of the Company include the following ownership interests held by owners other than the Company: (i) the common units in the Operating Partnership held by third parties, (ii) the outside preferred ownership interests in a subsidiary and (iii) the outside ownership interest in a joint venture.
	Notes Receivable
	Notes receivable are carried at cost, net of any premiums or discounts which are recognized as an adjustment of yield over the remaining life of the note using the effective interest method. Interest income is recorded on the accrual basis consistent with the terms of the notes receivable. A note is deemed to be impaired when, based on current information and events, it is probable that the Company will be unable to collect all principal and interest contractually due. Interest previously accrued but not collected becomes part of the Company's recorded investment in the note receivable for purposes of assessing impairment. The Company applies interest payments received on non-accrual notes receivable first to accrued interest and then as interest income. Notes receivable return to accrual status when contractually current and the collection of future payments is reasonably assured.

LongTerm_Debt

Long-Term Debt	9 Months Ended
	Sep. 30, 2013
Long-term Debt, Other Disclosures [Abstract]
Long-Term Debt	Long-Term Debt
	Debt Summary
	Debt as of September 30, 2013 and December 31, 2012 consisted of the following:
							Balance Outstanding as of
	Debt		Interest		Maturity		September 30,				December 31,
			Rate		Date		2013				2012
	Credit facilities
	Senior unsecured credit facility		Floating (a)		January 2016 (a)		$	461,000			$	153,000
	LHL unsecured credit facility		Floating (b)		January 2016 (b)		0				0
	Total borrowings under credit facilities						461,000				153,000
	Term loans
	First Term Loan		Floating (c)		May-19		177,500				177,500
	Second Term Loan		Floating (c)		Aug-17		300,000				300,000
	Total term loans						477,500				477,500
	Massport Bonds
	Hyatt Boston Harbor (taxable)		Floating (d)		Mar-18		5,400				5,400
	Hyatt Boston Harbor (tax exempt)		Floating (d)		Mar-18		37,100				37,100
	Total bonds payable						42,500				42,500
	Mortgage loans
	Hotel Solamar		5.49%		December 2013 (e)		0				60,134
	Hotel Deca		6.28%		August 2014 (f)		8,886				9,111
	Westin Copley Place		5.28%		Sep-15		210,000				210,000
	Westin Michigan Avenue		5.75%		Apr-16		135,795				137,172
	Indianapolis Marriott Downtown		5.99%		Jul-16		99,203				100,142
	Hotel Roger Williams		6.31%		Aug-16		61,707				62,543
	Mortgage loans at stated value						515,591				579,102
	Unamortized loan premium (g)						62				118
	Total mortgage loans						515,653				579,220
	Total debt						$	1,496,653			$	1,252,220
	(a)	Borrowings bear interest at floating rates equal to, at the Company’s option, either (i) LIBOR plus an applicable margin, or (ii) an Adjusted Base Rate plus an applicable margin. As of September 30, 2013, the rate, including the applicable margin, for the Company’s outstanding LIBOR borrowings of $461,000 was 2.19%. As of December 31, 2012, the rate, including the applicable margin, for the Company's outstanding LIBOR borrowing of $153,000 was 2.22%. The Company has the option, pursuant to certain terms and conditions, to extend the maturity date to January 2017.
	(b)	Borrowings bear interest at floating rates equal to, at LHL’s option, either (i) LIBOR plus an applicable margin, or (ii) an Adjusted Base Rate plus an applicable margin. There were no borrowings outstanding at September 30, 2013 or December 31, 2012. LHL has the option, subject to certain terms and conditions, to extend the maturity date to January 2017.
	(c)	Term loans bear interest at floating rates equal to LIBOR plus an applicable margin. The Company entered into separate interest rate swap agreements for the full seven-year term of the First Term Loan (as defined below) and the full five-year term, including a one-year extension subject to certain conditions, of the Second Term Loan (as defined below), resulting in fixed all-in interest rates of 3.87% and 2.68%, respectively, at the Company's current leverage ratio (as defined in the swap agreements).
	(d)	The Massport Bonds are secured by letters of credit issued by the Royal Bank of Scotland that expire in February 2014, pursuant to an amendment to the agreement governing the letters of credit. The Royal Bank of Scotland letters of credit also have three one-year extension options and are secured by the Hyatt Boston Harbor (formerly the Harborside Hyatt Conference Center & Hotel). The Company has given notification of its intention to exercise the first extension option on the letters of credit. The bonds bear interest based on weekly floating rates. The interest rates as of September 30, 2013 were 0.70% and 0.11% for the $5,400 and $37,100 bonds, respectively. The interest rates as of December 31, 2012 were 0.65% and 0.17% for the $5,400 and $37,100 bonds, respectively. The Company also incurs an annual letter of credit fee of a variable rate based on an applicable margin as defined in the Company's senior unsecured credit agreement.
	(e)	The Company repaid the mortgage loan on June 3, 2013 through borrowings on its senior unsecured credit facility.
	(f)	The Company intends to repay the mortgage loan through borrowings on its credit facilities upon maturity.
	(g)	Mortgage debt includes an unamortized loan premium on the mortgage loan on Hotel Deca of $62 as of September 30, 2013 and $118 as of December 31, 2012.
	A summary of the Company’s interest expense and weighted average interest rates for variable rate debt for the three and nine months ended September 30, 2013 and 2012 is as follows:
		For the three months ended								For the nine months ended
		September 30,								September 30,
		2013				2012				2013			2012
	Interest Expense:
	Interest incurred	$	14,271			$	13,611			$	41,342		$	37,296
	Amortization of deferred financing costs	556				526				1,696			1,354
	Capitalized interest	(90		)		(27		)		(521		)	(259		)
	Interest expense	$	14,737			$	14,110			$	42,517		$	38,391
	Weighted Average Interest Rates for Variable Rate Debt:
	Senior unsecured credit facility	2.1		%		2.3		%		2.1		%	2.2		%
	LHL unsecured credit facility	1.2		%		2.2		%		2		%	2.1		%
	Massport Bonds	0.2		%		0.2		%		0.2		%	0.3		%
	Credit Facilities
	The Company has a $750,000 senior unsecured credit facility with a syndicate of banks. The credit facility matures on January 30, 2016, subject to a one-year extension that the Company may exercise at its option, pursuant to certain terms and conditions, including payment of an extension fee. The credit facility includes an accordion feature which, subject to certain conditions, entitles the Company to request additional lender commitments, allowing for total commitments up to $1,000,000. Borrowings under the credit facility bear interest at floating rates equal to, at the Company’s option, either (i) LIBOR plus an applicable margin, or (ii) an Adjusted Base Rate plus an applicable margin. Additionally, the Company is required to pay a variable unused commitment fee of 0.30% or 0.40% of the unused portion of the credit facility, depending on the average daily unused portion of the credit facility.
	LHL has a $25,000 unsecured revolving credit facility to be used for working capital and general lessee corporate purposes. The LHL credit facility matures on January 30, 2016, subject to a one-year extension that LHL may exercise at its option, pursuant to certain terms and conditions, including payment of an extension fee. Borrowings under the LHL credit facility bear interest at floating rates equal to, at LHL’s option, either (i) LIBOR plus an applicable margin, or (ii) an Adjusted Base Rate plus an applicable margin. Additionally, LHL is required to pay a variable unused commitment fee of 0.30% or 0.40% of the unused portion of the credit facility, depending on the average daily unused portion of the LHL credit facility.
	The Company's senior unsecured credit facility and LHL's unsecured credit facility contain certain financial covenants relating to net worth requirements, debt ratios and fixed charge coverage and other limitations that restrict the Company's ability to make distributions or other payments to its shareholders upon events of default.
	Term Loans
	On May 16, 2012, the Company entered into a $177,500 unsecured loan with a seven-year term maturing on May 16, 2019 (the “First Term Loan”). The First Term Loan bears interest at a variable rate, but was hedged to a fixed interest rate based on the Company's current leverage ratio (as defined in the swap agreements), which interest rate was 3.87% at September 30, 2013, for the full seven-year term (see “Derivative and Hedging Activities” below).
	On August 2, 2012, the Company entered into a $300,000 unsecured loan with a five-year term maturing on August 2, 2017, including a one-year extension subject to certain conditions (the "Second Term Loan"). The Second Term Loan bears interest at a variable rate, but was hedged to a fixed interest rate based on the Company's current leverage ratio (as defined in the swap agreements), which interest rate was 2.68% at September 30, 2013, for the full five-year term (see "Derivative and Hedging Activities below").
	The Company's term loans contain certain financial covenants relating to net worth requirements, debt ratios and fixed charge coverage and other limitations that restrict the Company's ability to make distributions or other payments to its shareholders upon events of default.
	Derivative and Hedging Activities
	The Company primarily uses interest rate swaps as part of its interest rate risk management strategy. Interest rate swaps designated as cash flow hedges involve the receipt of variable-rate amounts from a counterparty in exchange for the Company making fixed-rate payments over the life of the agreements without exchange of the underlying notional amount. Unrealized gains and losses on the effective portion of hedging instruments are reported in other comprehensive income (loss) ("OCI"). Ineffective portions of changes in the fair value of a cash flow hedge are recognized as interest expense. Amounts reported in accumulated other comprehensive income (loss) ("AOCI") related to currently outstanding derivatives are recognized as an adjustment to income (loss) as interest payments are made on the Company's variable rate debt. Effective May 16, 2012, the Company entered into three interest rate swap agreements with an aggregate notional amount of $177,500 for the First Term Loan's full seven-year term, resulting in a fixed all-in interest rate based on the Company's current leverage ratio (as defined in the swap agreements), which interest rate was 3.87% at September 30, 2013. Effective August 2, 2012, the Company entered into five interest rate swap agreements with an aggregate notional amount of $300,000 for the Second Term Loan's full five-year term, including a one-year extension subject to certain conditions, resulting in a fixed all-in interest rate based on the Company's current leverage ratio (as defined in the swap agreements), which interest rate was 2.68% at September 30, 2013. The Company has designated its pay-fixed, receive-floating interest rate swap derivatives as cash flow hedges.
	The following tables present the effect of derivative instruments on the Company's consolidated statements of operations and comprehensive income, including the location and amount of unrealized (loss) gain on outstanding derivative instruments in cash flow hedging relationships, for the three and nine months ended September 30, 2013 and 2012:
			Amount of Loss Recognized in OCI on Derivative Instruments								Location of Loss Reclassified from AOCI into Income		Amount of Loss Reclassified from AOCI into Income
			(Effective Portion)								(Effective Portion)		(Effective Portion)
			For the three months ended										For the three months ended
			September 30,										September 30,
		2013				2012						2013			2012
Derivatives in cash flow hedging relationships:
Interest rate swaps		$	(2,345	)		$	(3,839	)		Interest expense		$	1,072		$	780
		Amount of Gain (Loss) Recognized in OCI on Derivative Instruments								Location of Loss Reclassified from AOCI into Income		Amount of Loss Reclassified from AOCI into Income
		(Effective Portion)								(Effective Portion)		(Effective Portion)
		For the nine months ended										For the nine months ended
		September 30,										September 30,
		2013				2012						2013			2012
Derivatives in cash flow hedging relationships:
Interest rate swaps		$	10,255			$	(8,534	)		Interest expense		$	3,153		$	1,082
During the three and nine months ended September 30, 2013 and 2012, the Company did not have any hedge ineffectiveness or amounts that were excluded from the assessment of hedge effectiveness recorded in earnings.
As of September 30, 2013, there was $2,496 in cumulative unrealized gain, of which $2,488 was included in AOCI and $8 was attributable to noncontrolling interests. As of December 31, 2012, there was $7,759 in cumulative unrealized loss, of which $7,735 was included in AOCI and $24 was attributable to noncontrolling interests. The Company expects that approximately $4,272 will be reclassified from AOCI and noncontrolling interests and recognized as a reduction to income in the next 12 months, calculated as estimated interest expense using the interest rates on the derivative instruments as of September 30, 2013.
Mortgage Loans
The Company’s mortgage loans are secured by the respective properties. The mortgages are non-recourse to the Company except for fraud or misapplication of funds.
On June 3, 2013, the Company repaid without fee or penalty the Hotel Solamar mortgage loan in the amount of $59,789 plus accrued interest through borrowings on its senior unsecured credit facility. The loan was due to mature in December 2013.
The mortgage loans contain debt service coverage ratio tests related to the mortgaged properties. If the debt service coverage ratio for a specific property fails to exceed a threshold level specified in the mortgage, cash flows from that hotel may automatically be directed to the lender to (i) satisfy required payments, (ii) fund certain reserves required by the mortgage and (iii) fund additional cash reserves for future required payments, including final payment. Cash flows may be directed to the lender ("cash trap") until such time as the property again complies with the specified debt service coverage ratio or the mortgage is paid off.
Financial Covenants
Failure to comply with our financial covenants contained in our credit facilities, term loans and non-recourse secured mortgages could result from, among other things, changes in our results of operations, the incurrence of additional debt or changes in general economic conditions.
If the Company violates the financial covenants contained in any of its credit facilities or term loans described above, the Company may attempt to negotiate waivers of the violations or amend the terms of the applicable credit facilities or term loans with the lenders thereunder; however, the Company can make no assurance that it would be successful in any such negotiations or that, if successful in obtaining waivers or amendments, such amendments or waivers would be on terms attractive to the Company. If a default under the credit facilities or term loans were to occur, the Company would possibly have to refinance the debt through additional debt financing, private or public offerings of debt securities, or additional equity financings. If the Company is unable to refinance its debt on acceptable terms, including at maturity of the credit facilities and term loans, it may be forced to dispose of hotel properties on disadvantageous terms, potentially resulting in losses that reduce cash flow from operating activities. If, at the time of any refinancing, prevailing interest rates or other factors result in higher interest rates upon refinancing, increases in interest expense would lower the Company’s cash flow, and, consequently, cash available for distribution to its shareholders.
A cash trap associated with a mortgage loan may limit the overall liquidity for the Company as cash from the hotel securing such mortgage would not be available for the Company to use. If the Company is unable to meet mortgage payment obligations, including the payment obligation upon maturity of the mortgage borrowing, the mortgage securing the specific property could be foreclosed upon by, or the property could be otherwise transferred to, the mortgagee with a consequent loss of income and asset value to the Company.
As of September 30, 2013, the Company is in compliance with all debt covenants, current on all loan payments and not otherwise in default under the credit facilities, term loans, bonds payable or mortgage loans.

Commitments_And_Contingencies

Commitments And Contingencies	9 Months Ended
	Sep. 30, 2013
Commitments and Contingencies Disclosure [Abstract]
Commitments And Contingencies	Commitments and Contingencies
	Ground, Land and Building, and Air Rights Leases
	Seven of the Company’s hotels, San Diego Paradise Point Resort and Spa, Hyatt Boston Harbor (formerly Harborside Hyatt Conference Center & Hotel), Indianapolis Marriott Downtown, The Hilton San Diego Resort and Spa, Hotel Solamar, Viceroy Santa Monica and The Liberty Hotel are subject to ground leases under non-cancelable operating leases expiring from March 2026 to December 1, 2102. The ground lease at Hyatt Boston Harbor expires in March 2026, but the Company has options to extend for over 50 years to 2077. None of the remaining ground leases expire prior to 2045. The Westin Copley Place is subject to a long term air rights lease which expires in December 2077 and requires no payments through maturity. The ground lease related to the Indianapolis Marriott Downtown requires future ground rent payments of one dollar per year. The ground leases at Viceroy Santa Monica and The Liberty Hotel are subject to minimum annual rent increases, resulting in noncash straight-line rent expense of $327 and $981 for the three and nine months ended September 30, 2013, respectively, and $114 and $342 for the three and nine months ended September 30, 2012, respectively, which is included in total ground rent expense below.
	Hotel Roger Williams is subject to a capital lease of land and building which expires in December 2044. The fair value of the obligation at acquisition of $4,892 is amortized and included in accounts payable and accrued expenses in the accompanying consolidated balance sheets.
	Harbor Court Hotel and Hotel Triton, acquired on August 1, 2013, are subject to leases of land and building which expire in April 2048 and January 2048, respectively. The Company evaluated the terms of the lease agreements and determined the leases to be capital leases pursuant to applicable GAAP guidance. At acquisition, the fair values of the remaining rent payments of $18,424 and $27,752 for Harbor Court Hotel and Hotel Triton, respectively, were recorded as capital lease obligations. These obligations, net of amortization, are included in accounts payable and accrued expenses in the accompanying balance sheets.
	Total ground rent expense for the three and nine months ended September 30, 2013 was $3,249 and $8,535, respectively. Total ground rent expense for the three and nine months ended September 30, 2012 was $2,627 and $6,613, respectively. Certain rent payments are based on the hotel’s performance. Actual payments of rent may exceed the minimum required rent due to meeting specified thresholds.
	Future minimum rent payments (without reflecting future applicable Consumer Price Index increases) are as follows:
	2013	$	2,592
	2014	10,131
	2015	10,321
	2016	10,515
	2017	10,752
	Thereafter	533,249
		$	577,560
	Reserve Funds for Future Capital Expenditures
	Certain of the Company’s agreements with its hotel managers, franchisors and lenders have provisions for the Company to provide funds, generally 4.0% to 5.0% of hotel revenues, sufficient to cover the cost of (a) certain non-routine repairs and maintenance to the hotels and (b) replacements and renewals to the hotels’ capital assets. Certain of the agreements require that the Company reserve this cash in separate accounts. As of September 30, 2013, $12,317 was available in restricted cash reserves for future capital expenditures. The Company has sufficient cash on hand and availability on its credit facilities to cover capital expenditures under agreements that do not require that the Company separately reserve cash.
	Restricted Cash Reserves
	At September 30, 2013, the Company held $18,198 in restricted cash reserves. Included in such amounts are (i) $12,317 of reserve funds for future capital expenditures, (ii) $4,417 deposited in mortgage escrow accounts pursuant to mortgage obligations to pre-fund a portion of certain operating expenses and debt payments and (iii) $1,464 held by insurance and management companies on the Company’s behalf to be refunded or applied to future liabilities.
	Litigation
	The nature of hotel operations exposes the Company and its hotels to the risk of claims and litigation in the normal course of their business. The Company is not presently subject to any material litigation nor, to the Company’s knowledge, is any litigation threatened against the Company, other than routine actions for negligence or other claims and administrative proceedings arising in the ordinary course of business, some of which are expected to be covered by liability insurance and all of which collectively are not expected to have a material adverse effect on the liquidity, results of operations, business or financial condition of the Company.

Equity

Equity	9 Months Ended
	Sep. 30, 2013
Stockholders' Equity Note [Abstract]
Equity	Equity
	Common Shares of Beneficial Interest
	On January 1, 2013, the Company issued 10,332 common shares of beneficial interest and authorized an additional 7,921 deferred shares to the independent members of its Board of Trustees for their earned 2012 compensation pursuant to award arrangements existing on or before January 1, 2012. These common shares of beneficial interest were issued under the 2009 Plan.
	On January 30, 2013, the Company issued 81,400 restricted common shares of beneficial interest to the Company’s executives and employees. The restricted shares vest over three years, starting January 1, 2014, subject to continued employment. These common shares of beneficial interest were issued under the 2009 Plan.
	On February 20, 2013, the Company entered into an equity distribution agreement (the "2013 Agreement") with Raymond James & Associates, Inc. (the "Manager"). Under the terms of the 2013 Agreement, the Company may issue from time to time through or to the Manager, as sales agent or principal, the Company’s common shares of beneficial interest with aggregate gross proceeds totaling up to $250,000. The 2013 Agreement replaced the Company's prior equity distribution agreement, under which $146,024 of aggregate gross proceeds remained. During the nine months ended September 30, 2013, the Company incurred offering costs of $195 related to executing and maintaining the 2013 Agreement.
	From May 24, 2013 through May 31, 2013, the Company sold 721,706 common shares of beneficial interest, par value $0.01 per share, under the 2013 Agreement. After deducting the Manager's discounts and commissions of $250, the Company raised net proceeds of $19,693. The net proceeds were used to pay down amounts outstanding under the Company's senior unsecured credit facility and for general corporate purposes. As of September 30, 2013, the Company had availability under the 2013 Agreement to issue and sell common shares of beneficial interest having an aggregate offering price of up to $230,057.
	Common Dividends
	The Company paid the following dividends on common shares/units during the nine months ended September 30, 2013:
	Dividend per				For the Quarter Ended		Record Date		Payable Date
	Share/Unit
	$	0.2			31-Dec-12		31-Dec-12		15-Jan-13
	$	0.2			March 31, 2013		March 28, 2013		April 15, 2013
	$	0.2			June 30, 2013		June 28, 2013		July 15, 2013
	Treasury Shares
	Treasury shares are accounted for under the cost method. During the nine months ended September 30, 2013, the Company received 2,463 common shares of beneficial interest related to employees surrendering shares to pay taxes at the time restricted shares vested and forfeiting restricted shares upon resignation.
	On August 29, 2011, the Company’s Board of Trustees authorized a share repurchase program (the “Repurchase Program”) to acquire up to $100,000 of the Company’s common shares of beneficial interest, with repurchased shares recorded at cost in treasury. As of September 30, 2013, the Company had availability under the Repurchase Program to acquire up to $75,498 of common shares of beneficial interest. However, the Company is not currently authorized by its Board of Trustees to repurchase or offer to repurchase any common shares. If authorized by its Board of Trustees, the Company may resume using the Repurchase Program on a future date.
	During the nine months ended September 30, 2013, the Company re-issued 10,332 treasury shares related to earned 2012 compensation for the Board of Trustees and 26,535 treasury shares related to the grants of restricted common shares of beneficial interest.
	At September 30, 2013, there were 510 common shares of beneficial interest in treasury.
	Preferred Shares
	On May 21, 2012, the Company redeemed all 3,170,000 outstanding 7 ½% Series D Cumulative Redeemable Preferred Shares ("Series D Preferred Shares") and all 3,500,000 outstanding 8% Series E Cumulative Redeemable Preferred Shares ("Series E Preferred Shares") for $79,250 and $87,500 ($25.00 per share), respectively, plus accrued distributions through May 21, 2012 of $842 and $992, respectively. The redemption values of the Series D Preferred Shares and Series E Preferred Shares exceeded their carrying values by $2,273 and $2,144, respectively, which are included in the determination of net income attributable to common shareholders for the nine months ended September 30, 2012. The $2,273 and $2,144 represent the offering costs related to the Series D Preferred Shares and Series E Preferred Shares, respectively.
	On March 4, 2013, the Company issued 4,000,000 6 3/8% Series I Cumulative Redeemable Preferred Shares ($0.01 par value) ("Series I Preferred Shares") at a price of $25.00 per share and received net proceeds, after deducting underwriting discounts and other offering costs, of $96,667. On March 12, 2013, the underwriters exercised their rights to cover overallotments and purchased 400,000 additional Series I Preferred Shares, resulting in additional net proceeds to the Company of $9,685. The net proceeds were used to redeem a portion of the Company's 7 ¼% Series G Cumulative Redeemable Preferred Shares ("Series G Preferred Shares") on April 5, 2013, to pay down amounts outstanding under the Company's senior unsecured credit facility, and for general corporate purposes.
	On April 5, 2013, the Company redeemed 4,000,000 of the 6,348,888 outstanding Series G Preferred Shares for $100,000 ($25.00 per share) plus accrued distributions through April 5, 2013 of $1,913. The redemption value of the Series G Preferred Shares exceeded their carrying value by $1,566, which is included in the determination of net income attributable to common shareholders for the nine months ended September 30, 2013. The $1,566 represents the offering costs related to the redeemed Series G Preferred Shares.
	The Series G Preferred Shares, the 7 ½% Series H Cumulative Redeemable Preferred Shares ("Series H Preferred Shares") and the Series I Preferred Shares (collectively, the “Preferred Shares”) rank senior to the common shares of beneficial interest and on parity with each other with respect to payment of distributions; the Company will not pay any distributions, or set aside any funds for the payment of distributions, on its common shares of beneficial interest unless it has also paid (or set aside for payment) the full cumulative distributions on the Preferred Shares for the current and all past dividend periods. The outstanding Preferred Shares do not have any maturity date, and are not subject to mandatory redemption. The difference between the carrying value and the redemption amount of the Preferred Shares are the offering costs. In addition, the Company is not required to set aside funds to redeem the Preferred Shares. The Company currently has the option to redeem the Series G Preferred Shares, in whole or from time to time in part, by payment of $25.00 per share, plus any accumulated, accrued and unpaid distributions to and including the date of redemption. The Company may not optionally redeem the Series H Preferred Shares and Series I Preferred Shares prior to January 24, 2016 and March 4, 2018, respectively, except in limited circumstances relating to the Company’s continuing qualification as a REIT or as discussed below. After those dates, the Company may, at its option, redeem the Series H Preferred Shares and Series I Preferred Shares, in whole or from time to time in part, by payment of $25.00 per share, plus any accumulated, accrued and unpaid distributions to and including the date of redemption. In addition, upon the occurrence of a change of control (as defined in the Company's charter), the result of which the Company’s common shares of beneficial interest and the common securities of the acquiring or surviving entity are not listed on the New York Stock Exchange, the NYSE MKT LLC or the NASDAQ Stock Market, or any successor exchanges, the Company may, at its option, redeem the Series H Preferred Shares and Series I Preferred Shares in whole or in part within 120 days after the change of control occurred, by paying $25.00 per share, plus any accrued and unpaid distributions to and including the date of redemption. If the Company does not exercise its right to redeem the Series H Preferred Shares and Series I Preferred Shares upon a change of control, the holders of Series H Preferred Shares and Series I Preferred Shares have the right to convert some or all of their shares into a number of the Company’s common shares of beneficial interest based on a defined formula subject to a cap of 4,680,500 common shares and 8,835,200 common shares, respectively.
	The following Preferred Shares were outstanding as of September 30, 2013:
	Security Type		Number of
			Shares
	7 ¼% Series G Preferred Shares		2,348,888
	7 ½% Series H Preferred Shares		2,750,000
	6 3/8%  Series I Preferred Shares		4,400,000
	Preferred Dividends
	The Company paid the following dividends on preferred shares during the nine months ended September 30, 2013:
			Dividend per				For the
	Security Type		Share (1)				Quarter Ended		Record Date	Payable Date
	7 ¼% Series G		$	0.45			31-Dec-12		1-Jan-13	15-Jan-13
	7 ½% Series H		$	0.47			31-Dec-12		1-Jan-13	15-Jan-13
	7 ¼% Series G (redemption)		$	0.48			March 31, 2013		March 28, 2013	April 5, 2013
	7 ¼% Series G		$	0.45			31-Mar-13		28-Mar-13	April 15, 2013
	7 ½% Series H		$	0.47			March 31, 2013		March 28, 2013	April 15, 2013
	6 3/8%  Series I		$	0.18			March 31, 2013		March 28, 2013	April 15, 2013
	7 ¼% Series G		$	0.45			June 30, 2013		July 1, 2013	July 15, 2013
	7 ½% Series H		$	0.47			June 30, 2013		July 1, 2013	July 15, 2013
	6 3/8%  Series I		$	0.4			June 30, 2013		July 1, 2013	July 15, 2013
	(1)	Amounts are rounded to the nearest whole cent for presentation purposes.
	Noncontrolling Interests of Common Units in Operating Partnership
	As of September 30, 2013, the Operating Partnership had 296,300 common units of limited partnership interest outstanding, representing a 0.3% partnership interest held by the limited partners. As of September 30, 2013, approximately $8,450 of cash or the equivalent value in common shares, at the Company's option, would be paid to the limited partners of the Operating Partnership if the partnership were terminated. The approximate value of $8,450 is based on the Company's closing common share price of $28.52 on September 30, 2013, which is assumed to be equal to the value provided to the limited partners upon liquidation of the Operating Partnership. The outstanding common units of limited partnership interest are subject to a required hold period that ends on December 28, 2013, after which they are convertible into a like number of common shares of beneficial interest of the Company.
	The following schedule presents the effects of changes in the Company's ownership interest in the Operating Partnership on the Company's equity:
		For the nine months ended
		September 30,
		2013				2012
	Net income attributable to common shareholders	$	56,329			$	35,182
	Increase (decrease) in additional paid-in capital from adjustments to noncontrolling interests of common units in Operating Partnership	1				(785		)
	Change from net income attributable to common shareholders and adjustments to noncontrolling interests	$	56,330			$	34,397

Equity_Incentive_Plan

Equity Incentive Plan	9 Months Ended
	Sep. 30, 2013
Employee Stock Ownership Plan (ESOP), Shares in ESOP [Abstract]
Equity Incentive Plan	Equity Incentive Plan
	The common shareholders approved the 2009 Plan, which permits the Company to issue equity-based awards to executives, employees, non-employee members of the Board of Trustees and any other persons providing services to or for the Company and its subsidiaries. The 2009 Plan provides for a maximum of 1,800,000 common shares of beneficial interest to be issued in the form of share options, share appreciation rights, restricted share awards, performance shares, phantom shares and other equity-based awards. In addition, the maximum number of common shares subject to awards of any combination that may be granted under the 2009 Plan during any fiscal year to any one individual is limited to 500,000 shares. The 2009 Plan terminates on January 28, 2019. The 2009 Plan authorized, among other things: (i) the grant of share options that qualify as incentive options under the Code, (ii) the grant of share options that do not so qualify, (iii) the grant of common shares in lieu of cash for trustees’ fees, (iv) grants of common shares in lieu of cash compensation, and (v) the making of loans to acquire common shares in lieu of compensation (to the extent permitted by law and applicable provisions of the Sarbanes Oxley Act of 2002). The exercise price of share options is determined by the Compensation Committee of the Board of Trustees, but may not be less than 100% of the fair value of the common shares on the date of grant. Restricted share awards and options under the 2009 Plan vest over a period determined by the Compensation Committee of the Board of Trustees, generally a three to five year period, with certain awards vesting over periods of up to nine years. The duration of each option is also determined by the Compensation Committee, subject to applicable laws and regulations. There were no stock options outstanding as of September 30, 2013. At September 30, 2013, there were 1,164,127 common shares available for future grant under the 2009 Plan (including shares that the Company has reserved for issuance under the 2009 Plan pursuant to outstanding long-term performance-based share awards).
	Service Condition Nonvested Share Awards
	From time to time, the Company awards nonvested shares under the 2009 Plan to members of the Board of Trustees, executives, and employees. The nonvested shares vest over three to nine years based on continued service or employment. The Company measures compensation costs for the nonvested shares based upon the fair value of its common shares at the date of grant. Compensation costs are recognized on a straight-line basis over the vesting period and are included in general and administrative expense in the accompanying consolidated statements of operations and comprehensive income.
	A summary of the Company’s service condition nonvested shares as of September 30, 2013 is as follows:
		Number of		Weighted -
		Shares		Average Grant
				Date Fair Value
	Nonvested at January 1, 2013	252,772		$	29.72
	Granted	83,299		27.19
	Vested	(294	)	27.19
	Forfeited	(2,360	)	27.34
	Nonvested at September 30, 2013 (1)	333,417		$	29.11
	(1)	Amount excludes 34,318 long-term performance-based shares which were earned but nonvested due to a service condition as of September 30, 2013.
	As of September 30, 2013 and December 31, 2012, there were $5,882 and $5,919, respectively, of total unrecognized compensation costs related to nonvested share awards. As of September 30, 2013 and December 31, 2012, these costs were expected to be recognized over a weighted–average period of 2.3 and 2.7 years, respectively. The total fair value of shares vested (calculated as number of shares multiplied by vesting date share price) during the three and nine months ended September 30, 2013 was $4 and $8, respectively, and during the three and nine months ended September 30, 2012 was $1,483 and $3,118, respectively. The compensation costs (net of forfeitures) that have been included in general and administrative expenses in the accompanying consolidated statements of operations and comprehensive income were $751 and $2,171 for the three and nine months ended September 30, 2013, respectively, and $702 and $2,094 for the three and nine months ended September 30, 2012, respectively.
	Long-Term Performance-Based Share Awards
	On January 30, 2013, the Company’s Board of Trustees granted a target of 80,559 performance-based awards of nonvested shares to executives (the "January 30, 2013 Awards"). The actual amounts of the awards with respect to 40,280 of the 80,559 shares will be determined on January 1, 2016, based on the performance measurement period of January 1, 2013 through December 31, 2015, in accordance with the terms of the agreements. The actual amounts of the awards with respect to the remaining 40,279 of the 80,559 shares will be determined on July 1, 2016, based on the performance measurement period of July 1, 2013 through June 30, 2016, in accordance with the terms of the agreements. The actual amounts of the awards will range from 0% to 200% of the target amounts, depending on the performance analysis stipulated in the agreements, and none of the performance shares are outstanding until issued in accordance with award agreements based on performance. After the actual amounts of the awards are determined (or earned) at the end of the respective performance measurement period, all of the earned shares will be issued and outstanding on those dates. The executives will receive cash payments on the earned shares equal to the value of all dividends paid on common shares from the grant date through the respective determination date. Such amounts will be paid to the awardees on or about January 1, 2016 and July 1, 2016, respectively. Thereafter, the executives will be entitled to receive dividends as declared and paid on the earned shares and to vote the shares. Fair value of the January 30, 2013 Awards was estimated on the grant date, January 30, 2013, with revaluation on June 30, 2013 resulting from the return on invested capital (see below) measurement assumption being revised from 100% to 200%, and will be amortized into expense over the respective performance measurement period. With respect to 40,280 shares, amortization commenced on January 30, 2013, the beginning of the requisite service period, and, with respect to 40,279 shares, amortization commenced on July 1, 2013, the beginning of the requisite service period.
	The fair values of the performance-based awards were determined by the Company using data under the Monte Carlo valuation method provided by a third-party consultant. The measurement of performance for the 2013 awards is substantially the same as the performance measurement for previously granted long-term performance-based share awards, except for "return on invested capital" discussed below. The capital market assumptions used in the valuations consisted of the following:
	•	Factors associated with the underlying performance of the Company’s share price and shareholder returns over the term of the performance awards including total share return volatility and risk-free interest.
	•	Factors associated with the relative performance of the Company’s share price and shareholder returns when compared to those companies which compose the index including beta as a means to breakdown total volatility into market-related and company specific volatilities.
	•	The valuation has been performed in a risk-neutral framework.
	•	Return on invested capital is a performance condition award measurement. The estimated value was calculated based on the initial face value at the date of grant. The valuation will be adjusted on a periodic basis as the estimated number of awards expected to vest is revised.
	The assumptions used were as follows for each performance measure:
		Volatility		Interest		Dividend	Stock	Fair Value of		Weighting
				Rates		Yield	Beta	Components		of Total
								of Award		Awards
	January 30, 2013 Awards (performance period starting January 1, 2013)
	Target amounts	38.7	%	0.42	%	N/A	N/A	$	29.38	33.4	%
	Return on invested capital	N/A		N/A		N/A	N/A	$	27.2	33.3	%
	Peer companies	38.7	%	0.42	%	N/A	0.864	$	30.51	33.3	%
	January 30, 2013 Awards (performance period starting July 1, 2013)
	Target amounts	38.7	%	0.42	%	N/A	N/A	$	27.7	33.4	%
	Return on invested capital	N/A		N/A		N/A	N/A	$	27.2	33.3	%
	Peer companies	38.7	%	0.42	%	N/A	0.864	$	31.34	33.3	%
	A summary of the Company’s long-term performance-based share awards as of September 30, 2013 is as follows:
		Number of		Weighted-
		Shares		Average Grant
				Date Fair Value
	Nonvested at January 1, 2013	208,986		$	34.61
	Granted	80,559		28.89
	Vested	0		0
	Forfeited	0		0
	Nonvested at September 30, 2013 (1)	289,545		$	33.02
	(1)	Amount excludes 50,000 shares that have been committed for future performance share grants. Fair value will be estimated at the beginning of the performance measurement period on July 1, 2014.
	As of September 30, 2013 and December 31, 2012, there were $5,658 and $4,883, respectively, of total unrecognized compensation costs related to long-term performance-based share awards. As of September 30, 2013 and December 31, 2012, these costs were expected to be recognized over a weighted–average period of 2.3 and 2.6 years, respectively. As of September 30, 2013 and December 31, 2012, there were 153,943 long-term performance-based share awards that had vested. Additionally, there were 34,318 long-term performance-based awards earned but nonvested due to a service condition as of September 30, 2013 and December 31, 2012. The compensation costs (net of forfeitures) related to long-term performance-based share awards that have been included in general and administrative expenses in the accompanying consolidated statements of operations and comprehensive income were $703 and $1,917 for the three and nine months ended September 30, 2013, respectively, and $501 and $1,504 for the three and nine months ended September 30, 2012, respectively.

LHL

LHL	9 Months Ended
	Sep. 30, 2013
Real Estate Investment Trust, Operating Support [Abstract]
LHL	LHL
	Substantially all of the Company’s revenues are derived from operating revenues generated by the hotels, all of which are leased by LHL.
	Other indirect hotel operating expenses consist of the following expenses incurred by the hotels:
		For the three months ended					For the nine months ended
		September 30,					September 30,
		2013			2012		2013		2012
	General and administrative	$	19,913		$	17,029	$	56,234	$	49,800
	Sales and marketing	14,096			12,519		41,489		37,659
	Repairs and maintenance	8,547			7,635		24,764		23,045
	Utilities and insurance	7,906			6,837		21,467		19,501
	Management and incentive fees	9,172			8,360		24,080		21,464
	Franchise fees	2,031			1,737		5,870		5,077
	Other expenses	456			415		1,141		1,179
	Total other indirect expenses	$	62,121		$	54,532	$	175,045	$	157,725
	As of September 30, 2013, LHL leased all 45 hotels owned by the Company as follows:
			Hotel Properties	Location
	1		Hotel Amarano Burbank	Burbank, CA
	2		L'Auberge Del Mar	Del Mar, CA
	3		Hilton San Diego Gaslamp Quarter	San Diego, CA
	4		Hotel Solamar	San Diego, CA
	5		San Diego Paradise Point Resort and Spa	San Diego, CA
	6		The Hilton San Diego Resort and Spa	San Diego, CA
	7		Harbor Court Hotel	San Francisco, CA
	8		Hotel Monaco San Francisco	San Francisco, CA
	9		Hotel Triton	San Francisco, CA
	10		Serrano Hotel	San Francisco, CA
	11		Villa Florence	San Francisco, CA
	12		Chaminade Resort and Conference Center	Santa Cruz, CA
	13		Viceroy Santa Monica	Santa Monica, CA
	14		Chamberlain West Hollywood	West Hollywood, CA
	15		Le Montrose Suite Hotel	West Hollywood, CA
	16		Le Parc Suite Hotel	West Hollywood, CA
	17		The Grafton on Sunset	West Hollywood, CA
	18		Donovan House	Washington, D.C.
	19		Hotel George	Washington, D.C.
	20		Hotel Helix	Washington, D.C.
	21		Hotel Madera	Washington, D.C.
	22		Hotel Palomar, Washington, DC	Washington, D.C.
	23		Hotel Rouge	Washington, D.C.
	24		Sofitel Washington, DC Lafayette Square	Washington, D.C.
	25		The Liaison Capitol Hill	Washington, D.C.
	26		Topaz Hotel	Washington, D.C.
	27		Southernmost Hotel Collection	Key West, FL
	28		Hotel Sax Chicago	Chicago, IL
	29		Westin Michigan Avenue	Chicago, IL
	30		Indianapolis Marriott Downtown	Indianapolis, IN
	31		Hyatt Boston Harbor (formerly Harborside Hyatt Conference Center & Hotel)	Boston, MA
	32		Onyx Hotel	Boston, MA
	33		The Liberty Hotel	Boston, MA
	34		Westin Copley Place	Boston, MA
	35		Gild Hall	New York, NY
	36		Hotel Roger Williams	New York, NY
	37		Park Central Hotel	New York, NY
	38		WestHouse Hotel New York	New York, NY
	39		Embassy Suites Philadelphia - Center City	Philadelphia, PA
	40		Westin Philadelphia	Philadelphia, PA
	41		Hotel Viking	Newport, RI
	42		Hilton Alexandria Old Town	Alexandria,VA
	43		Lansdowne Resort	Lansdowne,VA
	44		Alexis Hotel	Seattle, WA
	45		Hotel Deca	Seattle, WA

Income_Taxes

Income Taxes	9 Months Ended
	Sep. 30, 2013
Income Tax Expense (Benefit) [Abstract]
Income Taxes	Income Taxes
	Income tax expense was comprised of the following for the three and nine months ended September 30, 2013 and 2012:
		For the three months ended					For the nine months ended
		September 30,					September 30,
		2013			2012		2013		2012
	LHL’s income tax expense	$	2,567		$	4,669	$	1,922	$	6,936
	Operating Partnership's income tax (benefit) expense	(3		)	274		559		(16		)
	Total income tax expense	$	2,564		$	4,943	$	2,481	$	6,920
	The Company has estimated LHL’s income tax expense for the nine months ended September 30, 2013 by applying an estimated combined federal and state tax rate of 37.7% to LHL's net income of $5,660. From time to time, the Company may be subject to federal, state or local tax audits in the normal course of business.

Fair_Value_Measurements

Fair Value Measurements	9 Months Ended
	Sep. 30, 2013
Fair Value Disclosures [Abstract]
Fair Value Measurements	Fair Value Measurements
	In evaluating fair value, GAAP outlines a valuation framework and creates a fair value hierarchy that distinguishes between market assumptions based on market data (observable inputs) and a reporting entity’s own assumptions about market data (unobservable inputs). The hierarchy ranks the quality and reliability of inputs used to determine fair value, which are then classified and disclosed in one of the three categories. The three levels are as follows:
	Level 1—Inputs are quoted prices (unadjusted) in active markets for identical assets or liabilities that the entity has the ability to access at the measurement date.
	Level 2—Observable inputs, other than quoted prices included in level 1, such as interest rates, yield curves, quoted prices in active markets for similar assets and liabilities, and quoted prices for identical or similar assets or liabilities in markets that are not active.
	Level 3—Unobservable inputs that are supported by limited market activity. This includes certain pricing models, discounted cash flow methodologies and similar techniques when observable inputs are not available.
	The Company estimates the fair value of its financial instruments using available market information and valuation methodologies the Company believes to be appropriate for these purposes. Considerable judgment and subjectivity are involved in developing these estimates and, accordingly, such estimates are not necessarily indicative of amounts that would be realized upon disposition.
	Recurring Measurements
	For assets and liabilities measured at fair value on a recurring basis, quantitative disclosure of their fair value is as follows:
				Fair Value Measurements at
				30-Sep-13			31-Dec-12
				Using Significant Other Observable
				Inputs (Level 2)
	Description		Consolidated Balance Sheet Location
	Derivative interest rate instruments		Prepaid expenses and other assets	$	2,496		$	0
	Derivative interest rate instruments		Accounts payable and accrued expenses	$	0		$	7,759
	The fair value of each derivative instrument is based on a discounted cash flow analysis of the expected cash flows under each arrangement. This analysis reflects the contractual terms of the derivative instrument, including the period to maturity, and utilizes observable market-based inputs, including interest rate curves and implied volatilities, which is classified within level 2 of the fair value hierarchy. The Company also incorporates credit value adjustments to appropriately reflect each parties' nonperformance risk in the fair value measurement, which utilizes level 3 inputs such as estimates of current credit spreads. However, the Company has assessed that the credit valuation adjustments are not significant to the overall valuation of the derivatives. As a result, the Company has determined that its derivative valuations in their entirety are classified within level 2 of the fair value hierarchy.
	Financial Instruments Not Measured at Fair Value
	The following table represents the fair value, derived using level 2 inputs, of financial instruments presented at carrying value in the Company's consolidated financial statements as of September 30, 2013 and December 31, 2012:
		September 30, 2013						December 31, 2012
		Carrying Value			Estimated Fair Value			Carrying Value		Estimated Fair Value
	Note receivable	$	70,345		$	70,345		$	68,490	$	68,490
	Borrowings under credit facilities	$	461,000		$	462,660		$	153,000	$	153,719
	Term loans	$	477,500		$	476,070		$	477,500	$	475,752
	Bonds payable	$	42,500		$	42,500		$	42,500	$	42,500
	Mortgage loans	$	515,653		$	527,722		$	579,220	$	607,109
	The Company estimates the fair value of its borrowings under credit facilities, term loans, bonds payable and mortgage loans using a weighted average effective interest rate of 2.9% as of September 30, 2013 and December 31, 2012. The assumptions reflect the terms currently available on similar borrowings to borrowers with credit profiles similar to the Company's. The Company estimates that the fair value of its note receivable approximates its carrying value due to the relatively short period until maturity.
	At September 30, 2013 and December 31, 2012, the carrying amounts of certain of the Company's financial instruments, including cash and cash equivalents, restricted cash, accounts receivable and accounts payable and accrued expenses were representative of their fair values due to the short-term nature of these instruments and the recent acquisition of these items.

Earnings_Per_Common_Share

Earnings Per Common Share	9 Months Ended
	Sep. 30, 2013
Earnings Per Share [Abstract]
Earnings Per Common Share	Earnings Per Common Share
	The limited partners' outstanding common units in the Operating Partnership (which may be converted to common shares of beneficial interest) have been excluded from the diluted earnings per share calculation as there would be no effect on the amounts since the limited partners' share of income or loss would also be added back to net income or loss. Any anti-dilutive shares have been excluded from the diluted earnings per share calculation. Unvested share-based awards that contain nonforfeitable rights to dividends or dividend equivalents (whether paid or unpaid) are participating securities and shall be included in the computation of earnings per share pursuant to the two-class method. Accordingly, distributed and undistributed earnings attributable to unvested restricted shares (participating securities) have been excluded, as applicable, from net income or loss attributable to common shareholders used in the basic and diluted earnings per share calculations. Net income or loss figures are presented net of noncontrolling interests in the earnings per share calculations.
	The computation of basic and diluted earnings per common share is as follows:
		For the three months ended						For the nine months ended
		September 30,						September 30,
		2013			2012			2013			2012
	Numerator:
	Net income attributable to common shareholders	$	28,534		$	26,507		$	56,329		$	35,182
	Dividends paid on unvested restricted shares	(103		)	(78		)	(250		)	(213		)
	Undistributed earnings attributable to unvested restricted shares	(6		)	(41		)	0			0
	Net income attributable to common shareholders excluding amounts attributable to unvested restricted shares	$	28,425		$	26,388		$	56,079		$	34,969
	Denominator:
	Weighted average number of common shares - basic	95,890,474			85,876,584			95,510,088			85,278,331
	Effect of dilutive securities:
	Stock options and compensation-related shares	191,866			180,373			171,675			171,212
	Weighted average number of common shares - diluted	96,082,340			86,056,957			95,681,763			85,449,543
	Earnings per Common Share - Basic:
	Net income attributable to common shareholders excluding amounts attributable to unvested restricted shares	$	0.3		$	0.31		$	0.59		$	0.41
	Earnings per Common Share - Diluted:
	Net income attributable to common shareholders excluding amounts attributable to unvested restricted shares	$	0.3		$	0.31		$	0.59		$	0.41

Supplemental_Information_To_St

Supplemental Information To Statements Of Cash Flows	9 Months Ended
	Sep. 30, 2013
Supplemental Cash Flow Information [Abstract]
Supplemental Information To Statements Of Cash Flows	Supplemental Information to Statements of Cash Flows
		For the nine months ended
		September 30,
		2013			2012
	Interest paid, net of capitalized interest	$	41,388		$	36,660
	Interest capitalized	521			259
	Income taxes paid, net	1,311			2,117
	Increase in distributions payable on common shares	7,887			8,063
	Decrease in distributions payable on preferred shares	(59		)	(3,236		)
	Write-off of fully depreciated furniture, fixtures and equipment	7,888			0
	Write-off of fully amortized deferred financing costs	203			162
	Increase (decrease) in accrued capital expenditures	2,671			(2,176		)
	Grant of restricted shares and awards to employees and executives, net	4,957			4,764
	Issuance of common shares for Board of Trustees compensation	277			494
	In conjunction with the acquisition of properties, the Company assumed
	assets and liabilities as follows:
	Investment in properties (after credits at closing)	$	(349,802	)	$	(143,721	)
	Other assets	(2,509		)	(565		)
	Liabilities	50,176			1,342
	Acquisition of properties	$	(302,135	)	$	(142,944	)

Subsequent_Events

Subsequent Events	9 Months Ended
	Sep. 30, 2013
Subsequent Events [Abstract]
Subsequent Events	Subsequent Events
	The Company paid the following common and preferred dividends subsequent to September 30, 2013:
			Dividend per		For the Quarter	Record	Payable
	Security Type		Share/Unit (1)		Ended	Date	Date
	Common Shares/Units		$	0.28	September 30, 2013	September 30, 2013	October 15, 2013
	7 ¼% Series G Preferred Shares		$	0.45	September 30, 2013	October 1, 2013	October 15, 2013
	7 ½% Series H Preferred Shares		$	0.47	September 30, 2013	October 1, 2013	October 15, 2013
	6 3/8%  Series I Preferred Shares		$	0.4	September 30, 2013	October 1, 2013	October 15, 2013
	(1)	Amounts are rounded to the nearest whole cent for presentation purposes.

Summary_Of_Significant_Account1

Summary Of Significant Accounting Policies (Policy)	9 Months Ended
	Sep. 30, 2013
Accounting Policies [Abstract]
Basis Of Presentation	Basis of Presentation
	The consolidated financial statements include the accounts of the Company, the Operating Partnership, LHL and their subsidiaries in which they have a controlling interest, including joint ventures. All significant intercompany balances and transactions have been eliminated.
Use Of Estimates	Use of Estimates
	The preparation of the consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of certain assets and liabilities and the amounts of contingent assets and liabilities at the balance sheet date and the reported amounts of revenues and expenses during the reporting periods. Actual results could differ from those estimates.
	Substantially all of the Company’s revenues and expenses are generated by the operations of the individual hotels. The Company records revenues and expenses that are estimated by the hotel operators to produce quarterly financial statements because the management contracts do not require the hotel operators to submit actual results within a time frame that permits the Company to use actual results when preparing its Quarterly Reports on Form 10-Q for filing by the deadline prescribed by the SEC. Generally, the Company records actual revenue and expense amounts for the first two months of each quarter and revenue and expense estimates for the last month of each quarter. Each quarter, the Company reviews the estimated revenue and expense amounts provided by the hotel operators for reasonableness based upon historical results for prior periods and internal Company forecasts. The Company records any differences between recorded estimated amounts and actual amounts in the following quarter; historically, these differences have not been material. The Company believes the quarterly revenues and expenses, recorded on the Company’s consolidated statements of operations and comprehensive income (loss) based on an aggregate estimate, are fairly stated.
Share-Based Compensation	Share-Based Compensation
	From time to time, the Company awards nonvested shares under the 2009 Equity Incentive Plan (“2009 Plan”), which has approximately five years remaining, as compensation to officers, employees and non-employee trustees (see Note 7). The shares issued to officers and employees vest over three to nine years. The Company generally recognizes compensation expense for nonvested shares on a straight-line basis over the vesting period based upon the fair market value of the shares on the date of issuance, adjusted for forfeitures.
Noncontrolling Interests	Noncontrolling Interests
	The Company's financial statements include entities in which the Company has a controlling financial interest. Noncontrolling interest is the portion of equity (net assets) in a subsidiary not attributable, directly or indirectly, to a parent. Such noncontrolling interests are reported on the consolidated balance sheets within equity, separately from the Company's equity. On the consolidated statements of operations and comprehensive income (loss), revenues, expenses and net income or loss from less-than-wholly-owned subsidiaries are reported at the consolidated amounts, including both the amounts attributable to the Company and noncontrolling interests. Income or loss is allocated to noncontrolling interests based on their weighted average ownership percentage for the applicable period. Consolidated statements of equity include beginning balances, activity for the period and ending balances for shareholders’ equity, noncontrolling interests and total equity.
	However, the Company’s securities that are redeemable for cash or other assets at the option of the holder, not solely within the control of the issuer, must be classified outside of permanent equity. The Company makes this determination based on terms in applicable agreements, specifically in relation to redemption provisions. Additionally, with respect to noncontrolling interests for which the Company has a choice to settle the contract by delivery of its own shares, the Company evaluates whether the Company controls the actions or events necessary to issue the maximum number of shares that could be required to be delivered under share settlement of the contract.
	As of September 30, 2013, the consolidated results of the Company include the following ownership interests held by owners other than the Company: (i) the common units in the Operating Partnership held by third parties, (ii) the outside preferred ownership interests in a subsidiary and (iii) the outside ownership interest in a joint venture.
Notes Receivable	Notes Receivable
	Notes receivable are carried at cost, net of any premiums or discounts which are recognized as an adjustment of yield over the remaining life of the note using the effective interest method. Interest income is recorded on the accrual basis consistent with the terms of the notes receivable. A note is deemed to be impaired when, based on current information and events, it is probable that the Company will be unable to collect all principal and interest contractually due. Interest previously accrued but not collected becomes part of the Company's recorded investment in the note receivable for purposes of assessing impairment. The Company applies interest payments received on non-accrual notes receivable first to accrued interest and then as interest income. Notes receivable return to accrual status when contractually current and the collection of future payments is reasonably assured.

Investment_in_Hotel_Properties1

Investment in Hotel Properties (Tables)	9 Months Ended
	Sep. 30, 2013
Investments [Abstract]
Schedule Of Investment In Hotel Properties [Table Text Block]	Investment in hotel properties as of September 30, 2013 and December 31, 2012 consists of the following:
		30-Sep-13				31-Dec-12
	Land	$	602,696			$	480,705
	Buildings and improvements	3,181,324				2,932,532
	Furniture, fixtures and equipment	538,013				472,052
	Investment in hotel properties, gross	4,322,033				3,885,289
	Accumulated depreciation	(931,178		)		(832,245		)
	Investment in hotel properties, net	$	3,390,855			$	3,053,044
Summary Of Acquisitions	Adjustments have been made to the unaudited pro forma financial information for the following acquisitions:
	Property		Acquisition Date
	Hotel Palomar, Washington, DC		March 8, 2012
	L'Auberge Del Mar		December 6, 2012
	The Liberty Hotel		December 28, 2012
	Harbor Court Hotel		August 1, 2013
	Hotel Triton		August 1, 2013
	Serrano Hotel		August 21, 2013
	Southernmost Hotel Collection		August 27, 2013
	The following is a summary of the acquisitions:
													Acquisition
													Transaction Costs
	Hotel Name		Acquisition Date		Number of			Location	Purchase		Manager		For the three and nine months ended September 30, 2013
					Rooms				Price
	Harbor Court Hotel		1-Aug-13		131			San Francisco, CA	$	36,875	Kimpton Hotel & Restaurant Group, L.L.C.		$	578
	Hotel Triton		1-Aug-13		140			San Francisco, CA	10,900		Kimpton Hotel & Restaurant Group, L.L.C.		115
	Serrano Hotel		21-Aug-13		236			San Francisco, CA	71,500		Kimpton Hotel & Restaurant Group, L.L.C.		1,010
	Southernmost Hotel Collection		August 27, 2013		260			Key West, FL	184,500		Highgate Hotels		984
	Total								$	303,775			$	2,687
Condensed Pro Forma Financial Information	The unaudited condensed pro forma financial information for the three and nine months ended September 30, 2013 and 2012 is as follows:
		For the three months ended							For the nine months ended
		September 30,							September 30,
		2013				2012			2013		2012
		(unaudited)							(unaudited)
	Total revenues	$	278,024			$	269,571		$	769,879	$	750,963
	Net income	$	32,821			$	33,257		$	74,771	$	63,416
	Net income attributable to common shareholders	$	28,607			$	28,975		$	59,676	$	41,208
	Earnings per common share - basic	$	0.3			$	0.3		$	0.62	$	0.43
	Earnings per common share - diluted	$	0.3			$	0.3		$	0.62	$	0.43
	Weighted average number of common shares outstanding:
	Basic	95,890,474				95,799,571			95,889,692		95,774,870
	Diluted	96,082,340				95,979,943			96,061,368		95,946,082

LongTerm_Debt_Tables

Long-Term Debt (Tables)	9 Months Ended
	Sep. 30, 2013
Long-term Debt, Other Disclosures [Abstract]
Components Of Long-Term Debt	Debt as of September 30, 2013 and December 31, 2012 consisted of the following:
							Balance Outstanding as of
	Debt		Interest		Maturity		September 30,				December 31,
			Rate		Date		2013				2012
	Credit facilities
	Senior unsecured credit facility		Floating (a)		January 2016 (a)		$	461,000			$	153,000
	LHL unsecured credit facility		Floating (b)		January 2016 (b)		0				0
	Total borrowings under credit facilities						461,000				153,000
	Term loans
	First Term Loan		Floating (c)		May-19		177,500				177,500
	Second Term Loan		Floating (c)		Aug-17		300,000				300,000
	Total term loans						477,500				477,500
	Massport Bonds
	Hyatt Boston Harbor (taxable)		Floating (d)		Mar-18		5,400				5,400
	Hyatt Boston Harbor (tax exempt)		Floating (d)		Mar-18		37,100				37,100
	Total bonds payable						42,500				42,500
	Mortgage loans
	Hotel Solamar		5.49%		December 2013 (e)		0				60,134
	Hotel Deca		6.28%		August 2014 (f)		8,886				9,111
	Westin Copley Place		5.28%		Sep-15		210,000				210,000
	Westin Michigan Avenue		5.75%		Apr-16		135,795				137,172
	Indianapolis Marriott Downtown		5.99%		Jul-16		99,203				100,142
	Hotel Roger Williams		6.31%		Aug-16		61,707				62,543
	Mortgage loans at stated value						515,591				579,102
	Unamortized loan premium (g)						62				118
	Total mortgage loans						515,653				579,220
	Total debt						$	1,496,653			$	1,252,220
	(a)	Borrowings bear interest at floating rates equal to, at the Company’s option, either (i) LIBOR plus an applicable margin, or (ii) an Adjusted Base Rate plus an applicable margin. As of September 30, 2013, the rate, including the applicable margin, for the Company’s outstanding LIBOR borrowings of $461,000 was 2.19%. As of December 31, 2012, the rate, including the applicable margin, for the Company's outstanding LIBOR borrowing of $153,000 was 2.22%. The Company has the option, pursuant to certain terms and conditions, to extend the maturity date to January 2017.
	(b)	Borrowings bear interest at floating rates equal to, at LHL’s option, either (i) LIBOR plus an applicable margin, or (ii) an Adjusted Base Rate plus an applicable margin. There were no borrowings outstanding at September 30, 2013 or December 31, 2012. LHL has the option, subject to certain terms and conditions, to extend the maturity date to January 2017.
	(c)	Term loans bear interest at floating rates equal to LIBOR plus an applicable margin. The Company entered into separate interest rate swap agreements for the full seven-year term of the First Term Loan (as defined below) and the full five-year term, including a one-year extension subject to certain conditions, of the Second Term Loan (as defined below), resulting in fixed all-in interest rates of 3.87% and 2.68%, respectively, at the Company's current leverage ratio (as defined in the swap agreements).
	(d)	The Massport Bonds are secured by letters of credit issued by the Royal Bank of Scotland that expire in February 2014, pursuant to an amendment to the agreement governing the letters of credit. The Royal Bank of Scotland letters of credit also have three one-year extension options and are secured by the Hyatt Boston Harbor (formerly the Harborside Hyatt Conference Center & Hotel). The Company has given notification of its intention to exercise the first extension option on the letters of credit. The bonds bear interest based on weekly floating rates. The interest rates as of September 30, 2013 were 0.70% and 0.11% for the $5,400 and $37,100 bonds, respectively. The interest rates as of December 31, 2012 were 0.65% and 0.17% for the $5,400 and $37,100 bonds, respectively. The Company also incurs an annual letter of credit fee of a variable rate based on an applicable margin as defined in the Company's senior unsecured credit agreement.
	(e)	The Company repaid the mortgage loan on June 3, 2013 through borrowings on its senior unsecured credit facility.
	(f)	The Company intends to repay the mortgage loan through borrowings on its credit facilities upon maturity.
	(g)	Mortgage debt includes an unamortized loan premium on the mortgage loan on Hotel Deca of $62 as of September 30, 2013 and $118 as of December 31, 2012.
Summary Interest Expense And Weighted Average Interest Rates For Borrowings	A summary of the Company’s interest expense and weighted average interest rates for variable rate debt for the three and nine months ended September 30, 2013 and 2012 is as follows:
		For the three months ended								For the nine months ended
		September 30,								September 30,
		2013				2012				2013			2012
	Interest Expense:
	Interest incurred	$	14,271			$	13,611			$	41,342		$	37,296
	Amortization of deferred financing costs	556				526				1,696			1,354
	Capitalized interest	(90		)		(27		)		(521		)	(259		)
	Interest expense	$	14,737			$	14,110			$	42,517		$	38,391
	Weighted Average Interest Rates for Variable Rate Debt:
	Senior unsecured credit facility	2.1		%		2.3		%		2.1		%	2.2		%
	LHL unsecured credit facility	1.2		%		2.2		%		2		%	2.1		%
	Massport Bonds	0.2		%		0.2		%		0.2		%	0.3		%
Schedule of Derivative Instruments, Gain (Loss) in Statement of Financial Performance	The following tables present the effect of derivative instruments on the Company's consolidated statements of operations and comprehensive income, including the location and amount of unrealized (loss) gain on outstanding derivative instruments in cash flow hedging relationships, for the three and nine months ended September 30, 2013 and 2012:
			Amount of Loss Recognized in OCI on Derivative Instruments								Location of Loss Reclassified from AOCI into Income		Amount of Loss Reclassified from AOCI into Income
			(Effective Portion)								(Effective Portion)		(Effective Portion)
			For the three months ended										For the three months ended
			September 30,										September 30,
			2013				2012						2013			2012
	Derivatives in cash flow hedging relationships:
	Interest rate swaps		$	(2,345	)		$	(3,839	)		Interest expense		$	1,072		$	780
			Amount of Gain (Loss) Recognized in OCI on Derivative Instruments								Location of Loss Reclassified from AOCI into Income		Amount of Loss Reclassified from AOCI into Income
			(Effective Portion)								(Effective Portion)		(Effective Portion)
			For the nine months ended										For the nine months ended
			September 30,										September 30,
			2013				2012						2013			2012
	Derivatives in cash flow hedging relationships:
	Interest rate swaps		$	10,255			$	(8,534	)		Interest expense		$	3,153		$	1,082

Commitments_And_Contingencies_

Commitments And Contingencies (Tables)	9 Months Ended
	Sep. 30, 2013
Commitments and Contingencies Disclosure [Abstract]
Future Minimum Rent Payments	Future minimum rent payments (without reflecting future applicable Consumer Price Index increases) are as follows:
	2013	$	2,592
	2014	10,131
	2015	10,321
	2016	10,515
	2017	10,752
	Thereafter	533,249
		$	577,560

Equity_Tables

Equity (Tables)	9 Months Ended
	Sep. 30, 2013
Stockholders' Equity Note [Abstract]
Schedule of Common Stock Dividends Paid	The Company paid the following dividends on common shares/units during the nine months ended September 30, 2013:
	Dividend per				For the Quarter Ended		Record Date		Payable Date
	Share/Unit
	$	0.2			31-Dec-12		31-Dec-12		15-Jan-13
	$	0.2			March 31, 2013		March 28, 2013		April 15, 2013
	$	0.2			June 30, 2013		June 28, 2013		July 15, 2013
Preferred Shares Outstanding	The following Preferred Shares were outstanding as of September 30, 2013:
	Security Type		Number of
			Shares
	7 ¼% Series G Preferred Shares		2,348,888
	7 ½% Series H Preferred Shares		2,750,000
	6 3/8%  Series I Preferred Shares		4,400,000
Schedule of Preferred Dividends Paid	The Company paid the following dividends on preferred shares during the nine months ended September 30, 2013:
			Dividend per				For the
	Security Type		Share (1)				Quarter Ended		Record Date	Payable Date
	7 ¼% Series G		$	0.45			31-Dec-12		1-Jan-13	15-Jan-13
	7 ½% Series H		$	0.47			31-Dec-12		1-Jan-13	15-Jan-13
	7 ¼% Series G (redemption)		$	0.48			March 31, 2013		March 28, 2013	April 5, 2013
	7 ¼% Series G		$	0.45			31-Mar-13		28-Mar-13	April 15, 2013
	7 ½% Series H		$	0.47			March 31, 2013		March 28, 2013	April 15, 2013
	6 3/8%  Series I		$	0.18			March 31, 2013		March 28, 2013	April 15, 2013
	7 ¼% Series G		$	0.45			June 30, 2013		July 1, 2013	July 15, 2013
	7 ½% Series H		$	0.47			June 30, 2013		July 1, 2013	July 15, 2013
	6 3/8%  Series I		$	0.4			June 30, 2013		July 1, 2013	July 15, 2013
	(1)	Amounts are rounded to the nearest whole cent for presentation purposes.
Schedule Of Effects Of Changes In The Company's Ownership Interest In The Operating Partnership On The Company's Equity	The following schedule presents the effects of changes in the Company's ownership interest in the Operating Partnership on the Company's equity:
		For the nine months ended
		September 30,
		2013				2012
	Net income attributable to common shareholders	$	56,329			$	35,182
	Increase (decrease) in additional paid-in capital from adjustments to noncontrolling interests of common units in Operating Partnership	1				(785		)
	Change from net income attributable to common shareholders and adjustments to noncontrolling interests	$	56,330			$	34,397

Equity_Incentive_Plan_Tables

Equity Incentive Plan (Tables)	9 Months Ended
	Sep. 30, 2013
Employee Stock Ownership Plan (ESOP), Shares in ESOP [Abstract]
Summary Of The Company's Service Condition Nonvested Shares	A summary of the Company’s service condition nonvested shares as of September 30, 2013 is as follows:
		Number of		Weighted -
		Shares		Average Grant
				Date Fair Value
	Nonvested at January 1, 2013	252,772		$	29.72
	Granted	83,299		27.19
	Vested	(294	)	27.19
	Forfeited	(2,360	)	27.34
	Nonvested at September 30, 2013 (1)	333,417		$	29.11
	(1)	Amount excludes 34,318 long-term performance-based shares which were earned but nonvested due to a service condition as of September 30, 2013.
Assumptions Of Performance Measures For Valuation	The assumptions used were as follows for each performance measure:
		Volatility		Interest		Dividend	Stock	Fair Value of		Weighting
				Rates		Yield	Beta	Components		of Total
								of Award		Awards
	January 30, 2013 Awards (performance period starting January 1, 2013)
	Target amounts	38.7	%	0.42	%	N/A	N/A	$	29.38	33.4	%
	Return on invested capital	N/A		N/A		N/A	N/A	$	27.2	33.3	%
	Peer companies	38.7	%	0.42	%	N/A	0.864	$	30.51	33.3	%
	January 30, 2013 Awards (performance period starting July 1, 2013)
	Target amounts	38.7	%	0.42	%	N/A	N/A	$	27.7	33.4	%
	Return on invested capital	N/A		N/A		N/A	N/A	$	27.2	33.3	%
	Peer companies	38.7	%	0.42	%	N/A	0.864	$	31.34	33.3	%
Summary Of The Company's Long-Term Performance-Based Share Awards	A summary of the Company’s long-term performance-based share awards as of September 30, 2013 is as follows:
		Number of		Weighted-
		Shares		Average Grant
				Date Fair Value
	Nonvested at January 1, 2013	208,986		$	34.61
	Granted	80,559		28.89
	Vested	0		0
	Forfeited	0		0
	Nonvested at September 30, 2013 (1)	289,545		$	33.02
	(1)	Amount excludes 50,000 shares that have been committed for future performance share grants. Fair value will be estimated at the beginning of the performance measurement period on July 1, 2014.

LHL_Tables

LHL (Tables)	9 Months Ended
	Sep. 30, 2013
Real Estate Investment Trust, Operating Support [Abstract]
Summary Of Other Indirect Hotel Operating Expenses	Other indirect hotel operating expenses consist of the following expenses incurred by the hotels:
		For the three months ended					For the nine months ended
		September 30,					September 30,
		2013			2012		2013		2012
	General and administrative	$	19,913		$	17,029	$	56,234	$	49,800
	Sales and marketing	14,096			12,519		41,489		37,659
	Repairs and maintenance	8,547			7,635		24,764		23,045
	Utilities and insurance	7,906			6,837		21,467		19,501
	Management and incentive fees	9,172			8,360		24,080		21,464
	Franchise fees	2,031			1,737		5,870		5,077
	Other expenses	456			415		1,141		1,179
	Total other indirect expenses	$	62,121		$	54,532	$	175,045	$	157,725
Schedule of Hotels Owned	As of September 30, 2013, LHL leased all 45 hotels owned by the Company as follows:
			Hotel Properties	Location
	1		Hotel Amarano Burbank	Burbank, CA
	2		L'Auberge Del Mar	Del Mar, CA
	3		Hilton San Diego Gaslamp Quarter	San Diego, CA
	4		Hotel Solamar	San Diego, CA
	5		San Diego Paradise Point Resort and Spa	San Diego, CA
	6		The Hilton San Diego Resort and Spa	San Diego, CA
	7		Harbor Court Hotel	San Francisco, CA
	8		Hotel Monaco San Francisco	San Francisco, CA
	9		Hotel Triton	San Francisco, CA
	10		Serrano Hotel	San Francisco, CA
	11		Villa Florence	San Francisco, CA
	12		Chaminade Resort and Conference Center	Santa Cruz, CA
	13		Viceroy Santa Monica	Santa Monica, CA
	14		Chamberlain West Hollywood	West Hollywood, CA
	15		Le Montrose Suite Hotel	West Hollywood, CA
	16		Le Parc Suite Hotel	West Hollywood, CA
	17		The Grafton on Sunset	West Hollywood, CA
	18		Donovan House	Washington, D.C.
	19		Hotel George	Washington, D.C.
	20		Hotel Helix	Washington, D.C.
	21		Hotel Madera	Washington, D.C.
	22		Hotel Palomar, Washington, DC	Washington, D.C.
	23		Hotel Rouge	Washington, D.C.
	24		Sofitel Washington, DC Lafayette Square	Washington, D.C.
	25		The Liaison Capitol Hill	Washington, D.C.
	26		Topaz Hotel	Washington, D.C.
	27		Southernmost Hotel Collection	Key West, FL
	28		Hotel Sax Chicago	Chicago, IL
	29		Westin Michigan Avenue	Chicago, IL
	30		Indianapolis Marriott Downtown	Indianapolis, IN
	31		Hyatt Boston Harbor (formerly Harborside Hyatt Conference Center & Hotel)	Boston, MA
	32		Onyx Hotel	Boston, MA
	33		The Liberty Hotel	Boston, MA
	34		Westin Copley Place	Boston, MA
	35		Gild Hall	New York, NY
	36		Hotel Roger Williams	New York, NY
	37		Park Central Hotel	New York, NY
	38		WestHouse Hotel New York	New York, NY
	39		Embassy Suites Philadelphia - Center City	Philadelphia, PA
	40		Westin Philadelphia	Philadelphia, PA
	41		Hotel Viking	Newport, RI
	42		Hilton Alexandria Old Town	Alexandria,VA
	43		Lansdowne Resort	Lansdowne,VA
	44		Alexis Hotel	Seattle, WA
	45		Hotel Deca	Seattle, WA

Income_Taxes_Tables

Income Taxes (Tables)	9 Months Ended
	Sep. 30, 2013
Income Tax Expense (Benefit) [Abstract]
Summary Of Income Tax Expense	Income tax expense was comprised of the following for the three and nine months ended September 30, 2013 and 2012:
		For the three months ended					For the nine months ended
		September 30,					September 30,
		2013			2012		2013		2012
	LHL’s income tax expense	$	2,567		$	4,669	$	1,922	$	6,936
	Operating Partnership's income tax (benefit) expense	(3		)	274		559		(16		)
	Total income tax expense	$	2,564		$	4,943	$	2,481	$	6,920

Fair_Value_Measurements_Fair_V

Fair Value Measurements Fair Value Measurements (Tables)	9 Months Ended
	Sep. 30, 2013
Fair Value Disclosures [Abstract]
Schedule of Assets and Liabilities Measured at Fair Value on a Recurring Basis	For assets and liabilities measured at fair value on a recurring basis, quantitative disclosure of their fair value is as follows:
				Fair Value Measurements at
				30-Sep-13			31-Dec-12
				Using Significant Other Observable
				Inputs (Level 2)
	Description		Consolidated Balance Sheet Location
	Derivative interest rate instruments		Prepaid expenses and other assets	$	2,496		$	0
	Derivative interest rate instruments		Accounts payable and accrued expenses	$	0		$	7,759
Schedule of Fair value and Carrying Value of Financial Instruments	The following table represents the fair value, derived using level 2 inputs, of financial instruments presented at carrying value in the Company's consolidated financial statements as of September 30, 2013 and December 31, 2012:
		September 30, 2013						December 31, 2012
		Carrying Value			Estimated Fair Value			Carrying Value		Estimated Fair Value
	Note receivable	$	70,345		$	70,345		$	68,490	$	68,490
	Borrowings under credit facilities	$	461,000		$	462,660		$	153,000	$	153,719
	Term loans	$	477,500		$	476,070		$	477,500	$	475,752
	Bonds payable	$	42,500		$	42,500		$	42,500	$	42,500
	Mortgage loans	$	515,653		$	527,722		$	579,220	$	607,109

Earnings_Per_Common_Share_Tabl

Earnings Per Common Share (Tables)	9 Months Ended
	Sep. 30, 2013
Earnings Per Share [Abstract]
Computation Of Basic And Diluted Earnings Per Common Share	The computation of basic and diluted earnings per common share is as follows:
		For the three months ended						For the nine months ended
		September 30,						September 30,
		2013			2012			2013			2012
	Numerator:
	Net income attributable to common shareholders	$	28,534		$	26,507		$	56,329		$	35,182
	Dividends paid on unvested restricted shares	(103		)	(78		)	(250		)	(213		)
	Undistributed earnings attributable to unvested restricted shares	(6		)	(41		)	0			0
	Net income attributable to common shareholders excluding amounts attributable to unvested restricted shares	$	28,425		$	26,388		$	56,079		$	34,969
	Denominator:
	Weighted average number of common shares - basic	95,890,474			85,876,584			95,510,088			85,278,331
	Effect of dilutive securities:
	Stock options and compensation-related shares	191,866			180,373			171,675			171,212
	Weighted average number of common shares - diluted	96,082,340			86,056,957			95,681,763			85,449,543
	Earnings per Common Share - Basic:
	Net income attributable to common shareholders excluding amounts attributable to unvested restricted shares	$	0.3		$	0.31		$	0.59		$	0.41
	Earnings per Common Share - Diluted:
	Net income attributable to common shareholders excluding amounts attributable to unvested restricted shares	$	0.3		$	0.31		$	0.59		$	0.41

Supplemental_Information_To_St1

Supplemental Information To Statements Of Cash Flows (Tables)	9 Months Ended
	Sep. 30, 2013
Supplemental Cash Flow Information [Abstract]
Supplemental Information To Statements Of Cash Flows
		For the nine months ended
		September 30,
		2013			2012
	Interest paid, net of capitalized interest	$	41,388		$	36,660
	Interest capitalized	521			259
	Income taxes paid, net	1,311			2,117
	Increase in distributions payable on common shares	7,887			8,063
	Decrease in distributions payable on preferred shares	(59		)	(3,236		)
	Write-off of fully depreciated furniture, fixtures and equipment	7,888			0
	Write-off of fully amortized deferred financing costs	203			162
	Increase (decrease) in accrued capital expenditures	2,671			(2,176		)
	Grant of restricted shares and awards to employees and executives, net	4,957			4,764
	Issuance of common shares for Board of Trustees compensation	277			494
	In conjunction with the acquisition of properties, the Company assumed
	assets and liabilities as follows:
	Investment in properties (after credits at closing)	$	(349,802	)	$	(143,721	)
	Other assets	(2,509		)	(565		)
	Liabilities	50,176			1,342
	Acquisition of properties	$	(302,135	)	$	(142,944	)

Subsequent_Events_Tables

Subsequent Events (Tables)	9 Months Ended
	Sep. 30, 2013
Subsequent Events [Abstract]
Components Of Common And Preferred Share Dividends	The Company paid the following common and preferred dividends subsequent to September 30, 2013:
			Dividend per		For the Quarter	Record	Payable
	Security Type		Share/Unit (1)		Ended	Date	Date
	Common Shares/Units		$	0.28	September 30, 2013	September 30, 2013	October 15, 2013
	7 ¼% Series G Preferred Shares		$	0.45	September 30, 2013	October 1, 2013	October 15, 2013
	7 ½% Series H Preferred Shares		$	0.47	September 30, 2013	October 1, 2013	October 15, 2013
	6 3/8%  Series I Preferred Shares		$	0.4	September 30, 2013	October 1, 2013	October 15, 2013
	(1)	Amounts are rounded to the nearest whole cent for presentation purposes.

Organization_Details

Organization (Details)	9 Months Ended
	Sep. 30, 2013
	Hotels
	Guest_Rooms
	States
Organization [Abstract]
Number of hotels	45
Number of guest rooms	11,400
Number of states in which hotels located	10
LHL leases expiration dates	between December 2013 and December 2016
Ownership percentage by the company	99.70%
Ownership percentage by limited partners	0.30%
Common units of Operating Partnership interest held by limited partners	296,300

Investment_in_Properties_Narra

Investment in Properties (Narrative) (Details) (USD $)	3 Months Ended		9 Months Ended			3 Months Ended	9 Months Ended	3 Months Ended		9 Months Ended
In Thousands, except Share data, unless otherwise specified	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2013	Sep. 30, 2012	Dec. 31, 2012	Sep. 30, 2012	Sep. 30, 2012	Mar. 31, 2012	Sep. 30, 2012	Sep. 30, 2012	Aug. 08, 2012	30-May-12	Feb. 14, 2012	Dec. 19, 2012
						Hotel Palomar Washington Dc [Member]	Hotel Palomar Washington Dc [Member]	Park Central Hotel [Member]	Mezzanine Loan [Member]	Mezzanine Loan [Member]	2011 Agreement [Member]	2011 Agreement [Member]	2011 Agreement [Member]	Underwritten Public Offering [Member]
Investment In Hotel Properties [Line Items]
Land	$602,696		$602,696		$480,705
Buildings and improvements	3,181,324		3,181,324		2,932,532
Furniture, fixtures and equipment	538,013		538,013		472,052
Investment in hotel properties, gross	4,322,033		4,322,033		3,885,289
Accumulated depreciation	-931,178		-931,178		-832,245
Depreciation	40,521	31,336	106,854	92,483
Acquisition transaction costs	2,687	156	2,687	4,057		0	3,594		156	363
Decrease in purchase price allocation								746
Common shares of beneficial interest issued	96,258,828		96,258,828		95,480,358						3,100	641,069	1,714,939	9,200,000
Investment in hotel properties, net	$3,390,855		$3,390,855		$3,053,044

Summary_Of_Significant_Account2

Summary Of Significant Accounting Policies (Narrative) (Details) (Equity Incentive Plan 2009 [Member])	9 Months Ended
	Sep. 30, 2013
Significant Accounting Policies [Line Items]
Remaining years	5 years
Minimum [Member]
Significant Accounting Policies [Line Items]
Vesting period (in years)	3 years
Maximum [Member]
Significant Accounting Policies [Line Items]
Vesting period (in years)	9 years

Investment_in_Properties_Summa

Investment in Properties (Summary Of Acquisitions) (Details) (USD $)

3 Months Ended

9 Months Ended

3 Months Ended

9 Months Ended

3 Months Ended

9 Months Ended

3 Months Ended

9 Months Ended

3 Months Ended

9 Months Ended

3 Months Ended

9 Months Ended

3 Months Ended

9 Months Ended

3 Months Ended

9 Months Ended

In Thousands, unless otherwise specified

Sep. 30, 2013

Sep. 30, 2012

Sep. 30, 2013

Sep. 30, 2012

Dec. 31, 2012

Sep. 30, 2012

Sep. 30, 2012

Sep. 30, 2013

Sep. 30, 2013

Aug. 01, 2013

Sep. 30, 2012

Sep. 30, 2013

Sep. 30, 2012

Sep. 30, 2013

Sep. 30, 2013

Sep. 30, 2012

Sep. 30, 2012

Sep. 30, 2013

Sep. 30, 2013

Aug. 01, 2013

Sep. 30, 2013

Sep. 30, 2013

Sep. 30, 2013

Sep. 30, 2013

Hotels

Hotels

Viceroy Santa Monica [Member]

Viceroy Santa Monica [Member]

Harbor Court Hotel [Member]

Harbor Court Hotel [Member]

Harbor Court Hotel [Member]

Hotel Palomar Washington Dc [Member]

Hotel Palomar Washington Dc [Member]

Hotel Palomar Washington Dc [Member]

L'Auberge Del Mar [Member]

The Liberty Hotel [Member]

Mezzanine Loan [Member]

Mezzanine Loan [Member]

Hotel Triton [Member]

Hotel Triton [Member]

Hotel Triton [Member]

Serrano Hotel [Member]

Serrano Hotel [Member]

Southernmost Hotel Collection [Member]

Southernmost Hotel Collection [Member]

Guest_Rooms

Guest_Rooms

Guest_Rooms

Guest_Rooms

Guest_Rooms

Guest_Rooms

Guest_Rooms

Guest_Rooms

Investment In Hotel Properties [Line Items]

Real Estate Investment Property, Net

$3,390,855

$3,390,855

$3,053,044

$54,563

$37,253

Real Estate Accumulated Depreciation

196

196

130

130

Business Acquisition, Purchase Price Allocation, Property, Plant and Equipment

736

1,399

Revenue from Owned Hotels

8,570

8,570

Income From Owned Hotels

682

682

Ownership Percent

100.00%

100.00%

Acquisition transaction costs (Note 3)

2,687

156

2,687

4,057

0

100

578

578

0

3,594

156

363

115

115

1,010

1,010

984

984

Acquisition Date

1-Aug-13

8-Mar-12

6-Dec-12

28-Dec-12

1-Aug-13

21-Aug-13

27-Aug-13

Number Of Rooms Acquired

131

131

140

140

236

236

260

260

Location Of Hotel

San Francisco, CA

San Francisco, CA

San Francisco, CA

Key West, FL

Business Acquisition, Cost of Acquired Entity, Purchase Price

$303,775

$303,775

$36,875

$36,875

$10,900

$10,900

$71,500

$71,500

$184,500

$184,500

Hotel Manager

Kimpton Hotel & Restaurant Group, L.L.C.

Kimpton Hotel & Restaurant Group, L.L.C.

Kimpton Hotel & Restaurant Group, L.L.C.

Highgate Hotels

Number Of Hotels Owned

4

4

Investment_in_Properties_Sched

Investment in Properties (Schedule of Condensed Pro Forma Financial Information) (Details) (USD $)	3 Months Ended		9 Months Ended
In Thousands, except Share data, unless otherwise specified	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2013	Sep. 30, 2012	Dec. 31, 2012	Aug. 08, 2012	30-May-12	Feb. 14, 2012	Dec. 19, 2012	31-May-13
						2011 Agreement [Member]	2011 Agreement [Member]	2011 Agreement [Member]	Underwritten Public Offering [Member]	2013 Agreement [Member]
Business Acquisition, Pro Forma Information, Nonrecurring Adjustment [Line Items]
Common shares of beneficial interest issued	96,258,828		96,258,828		95,480,358	3,100	641,069	1,714,939	9,200,000	721,706
Total revenues	$278,024	$269,571	$769,879	$750,963
Net income	32,821	33,257	74,771	63,416
Net income attributable to common shareholders	$28,607	$28,975	$59,676	$41,208
Earnings per common share - basic (in dollars per share)	$0.30	$0.30	$0.62	$0.43
Earnings per common share - diluted (in dollars per share)	$0.30	$0.30	$0.62	$0.43
Weighted average number of common shares outstanding, Basic (in shares)	95,890,474	95,799,571	95,889,692	95,774,870
Weighted average number of common shares outstanding, Diluted (in shares)	96,082,340	95,979,943	96,061,368	95,946,082

LongTerm_Debt_Components_Of_Lo

Long-Term Debt (Components Of Long-Term Debt) (Details) (USD $)

Sep. 30, 2013

Dec. 31, 2012

Sep. 30, 2013

Dec. 31, 2012

Sep. 30, 2013

Dec. 31, 2012

Sep. 30, 2013

Dec. 31, 2012

Sep. 30, 2013

Dec. 31, 2012

Sep. 30, 2013

Dec. 31, 2012

Sep. 30, 2013

16-May-12

Sep. 30, 2013

Dec. 31, 2012

Aug. 02, 2012

Sep. 30, 2013

Dec. 31, 2012

Jun. 03, 2013

Sep. 30, 2013

Dec. 31, 2012

Sep. 30, 2013

Dec. 31, 2012

Sep. 30, 2013

Dec. 31, 2012

Sep. 30, 2013

Dec. 31, 2012

Sep. 30, 2013

Dec. 31, 2012

Sep. 30, 2013

Dec. 31, 2012

Senior Unsecured Credit Facility [Member]

Senior Unsecured Credit Facility [Member]

LHL Unsecured Credit Facility [Member]

LHL Unsecured Credit Facility [Member]

Harborside Hyatt Conference Center & Hotel (Taxable) [Member]

Harborside Hyatt Conference Center & Hotel (Taxable) [Member]

Harborside Hyatt Conference Center & Hotel (Tax Exempt) [Member]

Harborside Hyatt Conference Center & Hotel (Tax Exempt) [Member]

Hotel Deca [Member]

Hotel Deca [Member]

Letters Of Credit [Member]

First Term Loan [Member]

First Term Loan [Member]

First Term Loan [Member]

Second Term Loan [Member]

Second Term Loan [Member]

Second Term Loan [Member]

Mortgages [Member]

Mortgages [Member]

Mortgages [Member]

Mortgages [Member]

Mortgages [Member]

Mortgages [Member]

Mortgages [Member]

Mortgages [Member]

Mortgages [Member]

Mortgages [Member]

Mortgages [Member]

Mortgages [Member]

Mortgages [Member]

extensions

Term Loan [Member]

Term Loan [Member]

Term Loan [Member]

Term Loan [Member]

Term Loan [Member]

Term Loan [Member]

Hotel Solamar [Member]

Hotel Solamar [Member]

Hotel Solamar [Member]

Hotel Deca [Member]

Hotel Deca [Member]

Westin Copley Place [Member]

Westin Copley Place [Member]

Westin Michigan Avenue [Member]

Westin Michigan Avenue [Member]

Indianapolis Marriott Downtown [Member]

Indianapolis Marriott Downtown [Member]

Hotel Roger Williams [Member]

Hotel Roger Williams [Member]

Debt Instrument [Line Items]

Credit facilities

$461,000,000

$153,000,000

$461,000,000

$153,000,000

$0

$0

Term loans

477,500,000

477,500,000

177,500,000

177,500,000

177,500,000

300,000,000

300,000,000

300,000,000

Massport Bonds

42,500,000

42,500,000

5,400,000

5,400,000

37,100,000

37,100,000

Repayment date of debt instrument

3-Jun-13

Mortgage loans at stated value

515,591,000

579,102,000

59,789,000

0

60,134,000

8,886,000

9,111,000

210,000,000

210,000,000

135,795,000

137,172,000

99,203,000

100,142,000

61,707,000

62,543,000

Unamortized loan premium

62,000

[1]

118,000

[1]

62,000

118,000

Total mortgage loans

515,653,000

579,220,000

Total debt

$1,496,653,000

$1,252,220,000

Credit facility interest rate

Floating

[2]

Floating

[3]

Floating

[4]

Floating

[4]

Credit facility maturity date

30-Jan-16

[2]

30-Jan-16

[3]

1-Feb-14

Long-term Debt, Percentage Bearing Fixed Interest, Percentage Rate

3.87%

3.87%

2.68%

2.68%

5.49%

6.28%

5.28%

5.75%

5.99%

6.31%

Massport bond interest rate

Floating

[5]

Floating

[5]

Debt maturity date

1-Mar-18

1-Mar-18

16-May-19

16-May-19

2-Aug-17

2-Aug-17

1-Dec-13

[6]

1-Aug-14

[7]

1-Sep-15

1-Apr-16

1-Jul-16

1-Aug-16

Interest rate on variable rate debt

2.19%

2.22%

0.70%

0.65%

0.11%

0.17%

Credit facility potential maturity date under option to extend

Jan-17

Jan-17

Term loan, Duration

7 years

5 years

Term loan extension option period

1 year

Number of extension options

3

Extension option period

1 year

1 year

1 year

[1]

Mortgage debt includes an unamortized loan premium on the mortgage loan on Hotel Deca of $62 as of September 30, 2013 and $118 as of December 31, 2012.

[2]

Borrowings bear interest at floating rates equal to, at the Company’s option, either (i) LIBOR plus an applicable margin, or (ii) an Adjusted Base Rate plus an applicable margin. As of September 30, 2013, the rate, including the applicable margin, for the Company’s outstanding LIBOR borrowings of $461,000 was 2.19%. As of December 31, 2012, the rate, including the applicable margin, for the Company's outstanding LIBOR borrowing of $153,000 was 2.22%. The Company has the option, pursuant to certain terms and conditions, to extend the maturity date to January 2017.

[3]

Borrowings bear interest at floating rates equal to, at LHL’s option, either (i) LIBOR plus an applicable margin, or (ii) an Adjusted Base Rate plus an applicable margin. There were no borrowings outstanding at September 30, 2013 or December 31, 2012. LHL has the option, subject to certain terms and conditions, to extend the maturity date to January 2017.

[4]

Term loans bear interest at floating rates equal to LIBOR plus an applicable margin. The Company entered into separate interest rate swap agreements for the full seven-year term of the First Term Loan (as defined below) and the full five-year term, including a one-year extension subject to certain conditions, of the Second Term Loan (as defined below), resulting in fixed all-in interest rates of 3.87% and 2.68%, respectively, at the Company's current leverage ratio (as defined in the swap agreements).

[5]

The Massport Bonds are secured by letters of credit issued by the Royal Bank of Scotland that expire in February 2014, pursuant to an amendment to the agreement governing the letters of credit. The Royal Bank of Scotland letters of credit also have three one-year extension options and are secured by the Hyatt Boston Harbor (formerly the Harborside Hyatt Conference Center & Hotel). The Company has given notification of its intention to exercise the first extension option on the letters of credit. The bonds bear interest based on weekly floating rates. The interest rates as of September 30, 2013 were 0.70% and 0.11% for the $5,400 and $37,100 bonds, respectively. The interest rates as of December 31, 2012 were 0.65% and 0.17% for the $5,400 and $37,100 bonds, respectively. The Company also incurs an annual letter of credit fee of a variable rate based on an applicable margin as defined in the Company's senior unsecured credit agreement.

[6]

The Company repaid the mortgage loan on June 3, 2013 through borrowings on its senior unsecured credit facility.

[7]

The Company intends to repay the mortgage loan through borrowings on its credit facilities upon maturity.

LongTerm_Debt_Summary_Interest

Long-Term Debt (Summary Interest Expense And Weighted Average Interest Rates For Borrowings) (Details) (USD $)	3 Months Ended		9 Months Ended
In Thousands, unless otherwise specified	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2013	Sep. 30, 2012
Debt Instrument [Line Items]
Interest incurred	$14,271	$13,611	$41,342	$37,296
Amortization of deferred financing costs	556	526	1,696	1,354
Capitalized interest	-90	-27	-521	-259
Interest Expense	$14,737	$14,110	$42,517	$38,391
Senior Unsecured Credit Facility [Member]
Debt Instrument [Line Items]
Debt Instrument, Interest Rate During Period	2.10%	2.30%	2.10%	2.20%
LHL Unsecured Credit Facility [Member]
Debt Instrument [Line Items]
Debt Instrument, Interest Rate During Period	1.20%	2.20%	2.00%	2.10%
Massport Bonds [Member]
Debt Instrument [Line Items]
Debt Instrument, Interest Rate During Period	0.20%	0.20%	0.20%	0.30%

LongTerm_Debt_Credit_Facilitie

Long-Term Debt (Credit Facilities Narrative) (Details) (USD $)	9 Months Ended
	Sep. 30, 2013
Senior Unsecured Credit Facility [Member]
Debt Instrument [Line Items]
Maximum borrowing capacity under unsecured credit facility	$750,000,000
Credit facility maturity date	30-Jan-16	[1]
Extension option period	1 year
Additional commitments	1,000,000,000
LHL Unsecured Credit Facility [Member]
Debt Instrument [Line Items]
Maximum borrowing capacity under unsecured credit facility	$25,000,000
Credit facility maturity date	30-Jan-16	[2]
Extension option period	1 year
Minimum [Member] | Senior Unsecured Credit Facility [Member]
Debt Instrument [Line Items]
Variable unused commitment fee	0.30%
Minimum [Member] | LHL Unsecured Credit Facility [Member]
Debt Instrument [Line Items]
Variable unused commitment fee	0.30%
Maximum [Member] | Senior Unsecured Credit Facility [Member]
Debt Instrument [Line Items]
Variable unused commitment fee	0.40%
Maximum [Member] | LHL Unsecured Credit Facility [Member]
Debt Instrument [Line Items]
Variable unused commitment fee	0.40%
[1]	Borrowings bear interest at floating rates equal to, at the Company’s option, either (i) LIBOR plus an applicable margin, or (ii) an Adjusted Base Rate plus an applicable margin. As of September 30, 2013, the rate, including the applicable margin, for the Company’s outstanding LIBOR borrowings of $461,000 was 2.19%. As of December 31, 2012, the rate, including the applicable margin, for the Company's outstanding LIBOR borrowing of $153,000 was 2.22%. The Company has the option, pursuant to certain terms and conditions, to extend the maturity date to January 2017.
[2]	Borrowings bear interest at floating rates equal to, at LHL’s option, either (i) LIBOR plus an applicable margin, or (ii) an Adjusted Base Rate plus an applicable margin. There were no borrowings outstanding at September 30, 2013 or December 31, 2012. LHL has the option, subject to certain terms and conditions, to extend the maturity date to January 2017.

LongTerm_Debt_Longterm_Debt_Te

Long-Term Debt Long-term Debt (Term Loans Narrative) (Details) (USD $)

Sep. 30, 2013

Dec. 31, 2012

16-May-12

Sep. 30, 2013

Dec. 31, 2012

Aug. 02, 2012

Sep. 30, 2013

Dec. 31, 2012

Sep. 30, 2013

Jun. 03, 2013

Dec. 31, 2012

Term Loan [Member]

Term Loan [Member]

Term Loan [Member]

Term Loan [Member]

Term Loan [Member]

Term Loan [Member]

Hotel Solamar [Member]

Hotel Solamar [Member]

Hotel Solamar [Member]

First Term Loan [Member]

First Term Loan [Member]

First Term Loan [Member]

Second Term Loan [Member]

Second Term Loan [Member]

Second Term Loan [Member]

Mortgages [Member]

Mortgages [Member]

Mortgages [Member]

Debt Instrument [Line Items]

Mortgage loans at stated value

$515,591,000

$579,102,000

$0

$59,789,000

$60,134,000

Unsecured Debt

$477,500,000

$477,500,000

$177,500,000

$177,500,000

$177,500,000

$300,000,000

$300,000,000

$300,000,000

Term loan, Duration

7 years

5 years

Debt maturity date

16-May-19

16-May-19

2-Aug-17

2-Aug-17

1-Dec-13

[1]

Term loan extension option period

1 year

Long-term Debt, Percentage Bearing Fixed Interest, Percentage Rate

3.87%

3.87%

2.68%

2.68%

5.49%

[1]

The Company repaid the mortgage loan on June 3, 2013 through borrowings on its senior unsecured credit facility.

LongTerm_Debt_Derivative_and_H

Long-Term Debt (Derivative and Hedging Activities, Mortgage Loans and Financial Covenants) (Details) (USD $)

9 Months Ended

0 Months Ended

9 Months Ended

0 Months Ended

9 Months Ended

0 Months Ended

9 Months Ended

Sep. 30, 2013

Dec. 31, 2012

Aug. 02, 2012

16-May-12

16-May-12

Sep. 30, 2013

Dec. 31, 2012

Aug. 02, 2012

Sep. 30, 2013

Dec. 31, 2012

Jun. 03, 2013

Sep. 30, 2013

Designated as Hedging Instrument [Member]

Designated as Hedging Instrument [Member]

Designated as Hedging Instrument [Member]

Designated as Hedging Instrument [Member]

First Term Loan [Member]

First Term Loan [Member]

First Term Loan [Member]

Second Term Loan [Member]

Second Term Loan [Member]

Second Term Loan [Member]

Mortgages [Member]

Mortgages [Member]

Interest Rate Swap [Member]

Interest Rate Swap [Member]

Interest Rate Swap [Member]

Interest Rate Swap [Member]

Term Loan [Member]

Term Loan [Member]

Term Loan [Member]

Term Loan [Member]

Term Loan [Member]

Term Loan [Member]

Hotel Solamar [Member]

Hotel Solamar [Member]

agreement

agreement

Debt Instrument [Line Items]

Debt maturity date

16-May-19

16-May-19

2-Aug-17

2-Aug-17

1-Dec-13

[1]

Number of interest rate swap agreements

5

3

Interest rate swap aggregate notional amount

$300,000,000

$177,500,000

Term loan, Duration

7 years

5 years

Long-term Debt, Percentage Bearing Fixed Interest, Percentage Rate

3.87%

3.87%

2.68%

2.68%

5.49%

Term loan extension option period

1 year

Derivative change in fair value recorded in other comprehensive income (loss)

2,496,000

-7,759,000

Unrealized gain (loss) included in accumulated other comprehensive income (loss)

2,488,000

-7,735,000

Derivative change in fair value recorded in other comprehensive income (loss) attributable to noncontrolling interests

8,000

-24,000

Amount reclassified from AOCL and noncontrolling interests and recognized as a redution to income in the next 12 months

$4,272,000

Repayment date of debt instrument

3-Jun-13

[1]

The Company repaid the mortgage loan on June 3, 2013 through borrowings on its senior unsecured credit facility.

LongTerm_Debt_Schedule_of_Deri

Long-Term Debt Schedule of Derivative Instruments, Gain (Loss) in Statement of Financial Performance (Details) (Cash Flow Hedging [Member], Interest Rate Swap [Member], Designated as Hedging Instrument [Member], USD $)	3 Months Ended		9 Months Ended
In Thousands, unless otherwise specified	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2013	Sep. 30, 2012
Derivative Instruments, Gain (Loss) [Line Items]
Amount of Gain (Loss) Recognized in OCI on Derivative Instruments (Effective Portion)	($2,345)	($3,839)	$10,255	($8,534)
Interest Expense [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Amount of Loss Reclassified from AOCI (Effective Portion)	$1,072	$780	$3,153	$1,082

Commitments_And_Contingencies_1

Commitments And Contingencies (Ground, Land And Building, And Air Rights Leases) (Narrative) (Details) (USD $)

3 Months Ended

9 Months Ended

9 Months Ended

3 Months Ended

9 Months Ended

9 Months Ended

In Thousands, unless otherwise specified

Sep. 30, 2013

Sep. 30, 2012

Sep. 30, 2013

Sep. 30, 2012

Oct. 06, 2010

Sep. 30, 2013

Sep. 30, 2013

Sep. 30, 2013

Sep. 30, 2013

Sep. 30, 2013

Sep. 30, 2013

Sep. 30, 2012

Sep. 30, 2013

Sep. 30, 2012

Sep. 30, 2013

Sep. 30, 2013

Aug. 01, 2013

Sep. 30, 2013

Aug. 01, 2013

ground_lease

Minimum [Member]

Maximum [Member]

Harborside Hyatt Conference Center & Hotel [Member]

Westin Copley Place [Member]

Indianapolis Marriott Downtown [Member]

Viceroy Santa Monica and The Liberty Hotel [Member]

Viceroy Santa Monica and The Liberty Hotel [Member]

Viceroy Santa Monica and The Liberty Hotel [Member]

Viceroy Santa Monica and The Liberty Hotel [Member]

Hotel Roger Williams [Member]

Harbor Court Hotel [Member]

Harbor Court Hotel [Member]

Hotel Triton [Member]

Hotel Triton [Member]

Hotels

Commitments And Contingencies [Line Items]

Number of ground leases that expire prior to 2045

0

Number of hotels subject to ground leases under non-cancelable operating leases

7

Lease expiration date

1-Jan-45

1-Mar-26

1-Dec-02

1-Mar-26

1-Dec-77

1-Dec-44

1-Apr-48

1-Jan-48

Lease extension period (in years)

50 years

Extended Lease Expiration Date

2077

Future ground rent payments per year

0

1

Noncash straight-line rent expense

$327

$114

$981

$342

Present value of the remaining rent payments

4,892

18,424

27,752

Ground rent (Note 5)

$3,249

$2,627

$8,535

$6,613

Commitments_And_Contingencies_2

Commitments And Contingencies (Future Minimum Rent Payments) (Details) (USD $)	Sep. 30, 2013
In Thousands, unless otherwise specified
Commitments and Contingencies Disclosure [Abstract]
2013	$2,592
2014	10,131
2015	10,321
2016	10,515
2017	10,752
Thereafter	533,249
Operating leases, future minimum payments due, total	$577,560

Commitments_And_Contingencies_3

Commitments And Contingencies (Reserve Funds And Restricted Cash Reserves) (Narrative) (Details) (USD $)	Sep. 30, 2013	Dec. 31, 2012	Sep. 30, 2013	Sep. 30, 2013	Sep. 30, 2013	Sep. 30, 2013	Sep. 30, 2013
In Thousands, unless otherwise specified			Minimum [Member]	Maximum [Member]	Capital Expenditure [Member]	Operating Expenses And Debt Payments [Member]	Refund Future Liabilities [Member]
Commitments And Contingencies [Line Items]
Percentage of reserve funds provided by the company			4.00%	5.00%
Restricted cash reserves	$18,198	$17,414			$12,317	$4,417	$1,464

Equity_Common_Shares_Of_Benefi

Equity (Common Shares Of Beneficial Interest) (Narrative) (Details) (USD $)

9 Months Ended

0 Months Ended

0 Months Ended

9 Months Ended

In Thousands, except Share data, unless otherwise specified

Sep. 30, 2013

Sep. 30, 2012

Dec. 31, 2012

Jan. 30, 2013

Jan. 02, 2013

Feb. 20, 2013

Aug. 08, 2012

30-May-12

Feb. 14, 2012

31-May-13

Sep. 30, 2013

Feb. 20, 2013

2009 Plan [Member]

2009 Plan [Member]

2011 Agreement [Member]

2011 Agreement [Member]

2011 Agreement [Member]

2011 Agreement [Member]

2013 Agreement [Member]

2013 Agreement [Member]

2013 Agreement [Member]

Equity [Line Items]

Common shares of beneficial interest, shares issued

96,258,828

95,480,358

10,332

3,100

641,069

1,714,939

721,706

Additional deferred shares issued

7,921

Issuance of restricted common shares of beneficial interest

81,400

Vesting period (in years)

3 years

Common shares of beneficial interest, potential available offereing price with aggregate gross proceeds

$250,000

Common shares of beneficial interest, potential offering price remaining

146,024

230,057

Offering costs

195

Common Stock, Par or Stated Value Per Share

$0.01

$0.01

$0.01

Equity Distribution Agreement Discounts And Commissions

250

Proceeds from Issuance of Common Stock

$19,943

$64,786

$19,693

Equity_Common_Dividends_Paid_D

Equity (Common Dividends Paid) (Details) (USD $)	3 Months Ended			9 Months Ended
	Sep. 30, 2013	Jun. 30, 2013	Mar. 31, 2013	Sep. 30, 2013	Sep. 30, 2012
Stockholders' Equity Note [Abstract]
Dividend per Share/Unit	$0.20	$0.20	$0.20	$0.68	$0.51
For the Quarter Ended	30-Jun-13	31-Mar-13	31-Dec-12
Record Date	28-Jun-13	28-Mar-13	31-Dec-12
Payable Date	15-Jul-13	15-Apr-13	15-Jan-13

Equity_Treasury_Shares_Narrati

Equity (Treasury Shares) (Narrative) (Details) (USD $)	0 Months Ended	9 Months Ended
In Thousands, except Share data, unless otherwise specified	Aug. 29, 2011	Sep. 30, 2013
Equity [Line Items]
Common shares surrendered and forfeited by executives and employees		2,463
Stock repurchase program, authorized	$100,000
Stock repurchase program, remaining authorized		$75,498
Issuance of shares of beneficial interest from treasury		10,332
Common shares held in treasury		510
Restricted Stock [Member]
Equity [Line Items]
Issuance of shares of beneficial interest from treasury		26,535

Equity_Preferred_Shares_Narrat

Equity (Preferred Shares) (Narrative) (Details) (USD $)	3 Months Ended		9 Months Ended			0 Months Ended	9 Months Ended	0 Months Ended	9 Months Ended		9 Months Ended	0 Months Ended	9 Months Ended			0 Months Ended		9 Months Ended
	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2013	Sep. 30, 2012	Dec. 31, 2012	21-May-12	Sep. 30, 2012	21-May-12	Sep. 30, 2012	21-May-12	Sep. 30, 2013	Apr. 05, 2013	Sep. 30, 2013	Sep. 30, 2013	Sep. 30, 2013	Mar. 12, 2013	Mar. 04, 2013	Sep. 30, 2013
						Series D Preferred Stock [Member]	Series D Preferred Stock [Member]	Series E Preferred Stock [Member]	Series E Preferred Stock [Member]	Series D and E Preferred Stock [Member]	7 1/4% Series G Preferred Shares [Member]	7 1/4 Series G Preferred Shares (redemption) [Member]	7 1/4 Series G Preferred Shares (redemption) [Member]	Series H and I Preferred Stock [Member]	7 1/2% Series H Preferred Shares [Member]	6 3/8% Series I Preferred Stock [Member]	6 3/8% Series I Preferred Stock [Member]	6 3/8% Series I Preferred Stock [Member]
Class of Stock [Line Items]
Preferred stock, shares issued	9,498,888		9,498,888		9,098,888											400,000	4,000,000
Cumulative redeemable preferred shares, stated percentage											7.25%				7.50%			6.38%
Redeemable preferred shares, par value	$0.01		$0.01		$0.01												$0.01
Redeemable preferred stock market price per share																	$25
Proceeds from issuance of preferred stock			$110,000,000	$0												$9,685,000	$96,667,000
Stock Redeemed or Called During Period, Shares						3,170,000		3,500,000				4,000,000
Preferred shares, shares outstanding	9,498,888		9,498,888		9,098,888						2,348,888	6,348,888			2,750,000			4,400,000
Stock Redeemed or Called During Period, Value			100,000,000	166,750,000		79,250,000		87,500,000				100,000,000
Redeemable preferred stock redemption price per share										$25	$25	$25		$25
Distributions payable	31,142,000		31,142,000		23,314,000	842,000		992,000				1,913,000
Issuance costs of redeemed preferred shares	$0	$0	$1,566,000	$4,417,000		($2,273,000)	$2,273,000	($2,144,000)	$2,144,000			($1,566,000)	$1,566,000
Preferred stock redeemable term (in days)														120 days
Shares issued upon conversion															4,680,500			8,835,200

Equity_Preferred_Shares_Outsta

Equity (Preferred Shares Outstanding) (Details)	Sep. 30, 2013	Dec. 31, 2012
Class of Stock [Line Items]
Number of Shares	9,498,888	9,098,888
7 1/4% Series G Preferred Shares [Member]
Class of Stock [Line Items]
Number of Shares	2,348,888
7 1/2% Series H Preferred Shares [Member]
Class of Stock [Line Items]
Number of Shares	2,750,000
6 3/8% Series I Preferred Stock [Member]
Class of Stock [Line Items]
Number of Shares	4,400,000

Equity_Preferred_Dividends_Pai

Equity (Preferred Dividends Paid) (Details) (USD $)	3 Months Ended
	Sep. 30, 2013	Jun. 30, 2013	Mar. 31, 2013
Class of Stock [Line Items]
For the Quarter Ended	30-Jun-13	31-Mar-13	31-Dec-12
Record Date	28-Jun-13	28-Mar-13	31-Dec-12
Payable Date	15-Jul-13	15-Apr-13	15-Jan-13
7 1/4% Series G Preferred Shares [Member]
Class of Stock [Line Items]
Dividend per Share	0.45	0.45	0.45	[1]
For the Quarter Ended	30-Jun-13	31-Mar-13	31-Dec-12
Record Date	1-Jul-13	28-Mar-13	1-Jan-13
Payable Date	15-Jul-13	15-Apr-13	15-Jan-13
7 1/4 Series G Preferred Shares (redemption) [Member]
Class of Stock [Line Items]
Dividend per Share		0.48
For the Quarter Ended		31-Mar-13
Record Date		28-Mar-13
Payable Date		5-Apr-13
7 1/2% Series H Preferred Shares [Member]
Class of Stock [Line Items]
Dividend per Share	0.47	0.47	0.47	[1]
For the Quarter Ended	30-Jun-13	31-Mar-13	31-Dec-12
Record Date	1-Jul-13	28-Mar-13	1-Jan-13
Payable Date	15-Jul-13	15-Apr-13	15-Jan-13
6 3/8% Series I Preferred Stock [Member]
Class of Stock [Line Items]
Dividend per Share	0.4	0.18
For the Quarter Ended	30-Jun-13	31-Mar-13
Record Date	1-Jul-13	28-Mar-13
Payable Date	15-Jul-13	15-Apr-13
[1]	Amounts are rounded to the nearest whole cent for presentation purposes.

Equity_Noncontrolling_Interest

Equity (Noncontrolling Interest Of Common Units In Operating Partnership) (Narrative) (Details) (USD $)	Sep. 30, 2013
In Thousands, except Share data, unless otherwise specified
Stockholders' Equity Note [Abstract]
Common units of limited partnership	296,300
Partnership interest held by limited partners	0.30%
Common units of operating partnership interest for cash or common shares	$8,450
Closing common share price, per share	$28.52

Equity_Schedule_Of_Effects_Of_

Equity (Schedule Of Effects Of Changes In The Company's Ownership Interest In The Operating Partnership On The Company's Equity) (Details) (USD $)	3 Months Ended		9 Months Ended
In Thousands, unless otherwise specified	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2013	Sep. 30, 2012
Stockholders' Equity Note [Abstract]
Net income attributable to common shareholders	$28,534	$26,507	$56,329	$35,182
Increase (decrease) in additional paid-in capital from adjustments to noncontrolling interests of common units in Operating Partnership			1	-785
Change from net income attributable to common shareholders and adjustments to noncontrolling interests			$56,330	$34,397

Equity_Incentive_Plan_Equity_I

Equity Incentive Plan (Equity Incentive) (Narrative) (Details) (Equity Incentive Plan 2009 [Member])	9 Months Ended
	Sep. 30, 2013
Equity Incentive Plan [Line Items]
Maximum common shares of beneficial interest to be issued	1,800,000
Common shares of beneficial interest to be issued per individual limit	500,000
Exercise price of share options as a percentage of fair market value, minimum	100.00%
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Number	0
Common shares available for grant	1,164,127
Minimum [Member]
Equity Incentive Plan [Line Items]
Vesting period (in years)	3 years
Minimum [Member] | Restricted Stock [Member]
Equity Incentive Plan [Line Items]
Vesting period (in years)	3 years
Maximum [Member]
Equity Incentive Plan [Line Items]
Vesting period (in years)	9 years
Maximum [Member] | Restricted Stock [Member]
Equity Incentive Plan [Line Items]
Vesting period (in years)	5 years

Equity_Incentive_Plan_Service_

Equity Incentive Plan (Service Condition Nonvested Share Awards) (Narrative) (Details) (Service Condition Nonvested Share Awards [Member], USD $)	3 Months Ended		9 Months Ended		12 Months Ended
In Thousands, unless otherwise specified	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2013	Sep. 30, 2012	Dec. 31, 2012
Equity Incentive Plan [Line Items]
Unrecognized compensation costs	$5,882		$5,882		$5,919
Weighted-average recognized period (in years)			2 years 3 months 18 days		2 years 8 months 12 days
Total fair value of vested shares	4	1,483	8	3,118
Compensation costs	$751	$702	$2,171	$2,094
Minimum [Member]
Equity Incentive Plan [Line Items]
Vest period (in years)			3 years
Maximum [Member]
Equity Incentive Plan [Line Items]
Vest period (in years)			9 years

Equity_Incentive_Plan_Equity_I1

Equity Incentive Plan Equity Incentive Plan (Summary of the Company's Service Condition Nonvested Shares) (Details) (USD $)	9 Months Ended
	Sep. 30, 2013
Service Condition Nonvested Share Awards [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested [Roll Forward]
Nonvested, Number of Shares Beginning Balance	252,772
Nonvested, Weighted - Average Grant Date Fair Value Beginning Balance	$29.72
Number of Shares, Granted	83,299
Weighted- Average Grant Date Fair Value, Granted	$27.19
Number of Shares, Vested	-294
Weighted - Average Grant Date Fair Value, Vested	$27.19
Number of Shares, Forfeited	-2,360
Weighted - Average Grant Date Fair Value	$27.34
Nonvested, Number of Shares Ending Balance	333,417	[1]
Nonvested, Weighted - Average Grant Date Fair Value Ending Balance	$29.11
Long Term Performance Based Shares [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested [Roll Forward]
Long-term performance-based shares which were earned but nonvested	34,318
[1]	Amount excludes 34,318 long-term performance-based shares which were earned but nonvested due to a service condition as of September 30, 2013.

Equity_Incentive_Plan_LongTerm

Equity Incentive Plan (Long-Term Performance Based Share Awards) (Narrative) (Details) (Long-Term Performance-Based Share Awards [Member], USD $)

0 Months Ended

3 Months Ended

9 Months Ended

12 Months Ended

0 Months Ended

In Thousands, except Share data, unless otherwise specified

Jan. 30, 2013

Sep. 30, 2013

Sep. 30, 2012

Sep. 30, 2013

Sep. 30, 2012

Dec. 31, 2012

Sep. 30, 2013

Dec. 31, 2012

Jan. 30, 2013

Jan. 30, 2013

Jan. 30, 2013

Jan. 30, 2013

Jun. 30, 2013

Jan. 30, 2013

Restricted Stock [Member]

Restricted Stock [Member]

Minimum [Member]

Maximum [Member]

Performance Period One [Member]

Performance Period Two [Member]

Return on Invested Capital [Member]

Return on Invested Capital [Member]

Equity Incentive Plan [Line Items]

Number of Shares, Granted

80,559

80,559

40,280

40,279

Performance Shares Outstanding

0

0

Number Of Shares Earned As A Percentage Of Target Shares

0.00%

200.00%

200.00%

100.00%

Unrecognized compensation costs

$5,658

$5,658

$4,883

Weighted-average recognized period (in years)

2 years 3 months 18 days

2 years 7 months 6 days

Number of shares vested

153,943

153,943

153,943

Number of shares to be vested

289,545

[1]

289,545

[1]

208,986

34,318

34,318

Compensation costs

$703

$501

$1,917

$1,504

[1]

(1) Amount excludes 50,000 shares that have been committed for future performance share grants. Fair value will be estimated at the beginning of the performance measurement period on July 1, 2014.

Equity_Incentive_Plan_Assumpti

Equity Incentive Plan (Assumptions Of Performance Measures For Valuation) (Details) (USD $)	9 Months Ended
	Sep. 30, 2013
Performance Period One [Member] | Target Amounts [Member]
Equity Incentive Plan [Line Items]
Volatility	38.70%
Interest Rates	0.42%
Fair Value of Components of Award	$29.38
Weighting of Total Awards	33.40%
Performance Period One [Member] | Return on Invested Capital [Member]
Equity Incentive Plan [Line Items]
Fair Value of Components of Award	$27.20
Weighting of Total Awards	33.30%
Performance Period One [Member] | Peer Companies [Member]
Equity Incentive Plan [Line Items]
Volatility	38.70%
Interest Rates	0.42%
Stock Beta	0.864
Fair Value of Components of Award	$30.51
Weighting of Total Awards	33.30%
Performance Period Two [Member] | Target Amounts [Member]
Equity Incentive Plan [Line Items]
Volatility	38.70%
Interest Rates	0.42%
Fair Value of Components of Award	$27.70
Weighting of Total Awards	33.40%
Performance Period Two [Member] | Return on Invested Capital [Member]
Equity Incentive Plan [Line Items]
Fair Value of Components of Award	$27.20
Weighting of Total Awards	33.30%
Performance Period Two [Member] | Peer Companies [Member]
Equity Incentive Plan [Line Items]
Volatility	38.70%
Interest Rates	0.42%
Stock Beta	0.864
Fair Value of Components of Award	$31.34
Weighting of Total Awards	33.30%

Equity_Incentive_Plan_Equity_I2

Equity Incentive Plan Equity Incentive Plan (Summary of Long-Term Performance-Based Share Awards) (Details) (USD $)	0 Months Ended	9 Months Ended
	Jan. 30, 2013	Sep. 30, 2013
Long-Term Performance-Based Share Awards [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested [Roll Forward]
Nonvested, Number of Shares Beginning Balance		208,986
Nonvested, Weighted - Average Grant Date Fair Value Beginning Balance		$34.61
Number of Shares, Granted	80,559	80,559
Weighted- Average Grant Date Fair Value, Granted		$28.89
Number of Shares, Vested		0
Weighted - Average Grant Date Fair Value, Vested		$0
Number of Shares, Forfeited		0
Weighted - Average Grant Date Fair Value		$0
Nonvested, Number of Shares Ending Balance		289,545	[1]
Nonvested, Weighted - Average Grant Date Fair Value Ending Balance		$33.02
May 31, 2008 Awards (performance period starting July 1, 2011) [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested [Roll Forward]
Number of Shares, Granted		50,000
[1]	(1) Amount excludes 50,000 shares that have been committed for future performance share grants. Fair value will be estimated at the beginning of the performance measurement period on July 1, 2014.

LHL_Summary_Of_Other_Indirect_

LHL (Summary Of Other Indirect Hotel Operating Expenses) (Details) (USD $)	3 Months Ended		9 Months Ended
In Thousands, unless otherwise specified	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2013	Sep. 30, 2012
	Hotels		Hotels
Statement [Line Items]
Other Cost and Expense, Operating	$62,121	$54,532	$175,045	$157,725
Number of hotels	45		45
General and administrative	5,513	5,172	16,224	14,635
Other expenses	1,749	922	3,918	2,391
LHL [Member]
Statement [Line Items]
Other Cost and Expense, Operating	62,121	54,532	175,045	157,725
Number of hotels	45		45
General and administrative	19,913	17,029	56,234	49,800
Sales and marketing	14,096	12,519	41,489	37,659
Repairs and maintenance	8,547	7,635	24,764	23,045
Utilities and insurance	7,906	6,837	21,467	19,501
Management and incentive fees	9,172	8,360	24,080	21,464
Franchise fees	2,031	1,737	5,870	5,077
Other expenses	$456	$415	$1,141	$1,179

Income_Taxes_Summary_Of_Income

Income Taxes (Summary Of Income Tax Benefit) (Details) (USD $)	3 Months Ended		9 Months Ended
In Thousands, unless otherwise specified	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2013	Sep. 30, 2012
Schedule of Income Tax [Line Items]
Total income tax expense	$2,564	$4,943	$2,481	$6,920
Income (Loss) from Continuing Operations before Equity Method Investments, Income Taxes, Extraordinary Items, Noncontrolling Interest	35,312	35,732	73,905	64,310
LHL's income tax expense (benefit) [Member]
Schedule of Income Tax [Line Items]
Total income tax expense	2,567	4,669	1,922	6,936
Effective income tax rate			37.70%
Income (Loss) from Continuing Operations before Equity Method Investments, Income Taxes, Extraordinary Items, Noncontrolling Interest			5,660
Operating Partnership's income tax expense (benefit) [Member]
Schedule of Income Tax [Line Items]
Total income tax expense	($3)	$274	$559	($16)

Fair_Value_Measurements_Fair_V1

Fair Value Measurements Fair Value Measurements - Schedule of Assets and Liabilities Measured at Fair Value on a Recurring Basis (Details) (USD $)	Sep. 30, 2013	Dec. 31, 2012
In Thousands, unless otherwise specified
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Derivative Asset, Fair Value, Gross Asset	$2,496	$0
Accounts Payable and Accrued Expenses [Member] | Fair Value, Inputs, Level 2 [Member] | Interest Rate Swap [Member] | Designated as Hedging Instrument [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Derivatives included in accounts payable and accrued expenses	$0	$7,759

Fair_Value_Measurements_Fair_V2

Fair Value Measurements Fair Value Measurements - Schedule of Fair Value and Carrying Value of Financial Instruments (Details) (USD $)	Sep. 30, 2013	Dec. 31, 2012
In Thousands, unless otherwise specified
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Weighted average effective interest rate	2.90%	2.90%
Fair Value, Inputs, Level 2 [Member] | Carrying Value [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Note receivable	70,345	68,490
Borrowings under credit facilities	461,000	153,000
Term loans	477,500	477,500
Bonds payable	42,500	42,500
Mortgage loans	515,653	579,220
Fair Value, Inputs, Level 2 [Member] | Estimated Fair Value [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Note receivable	70,345	68,490
Borrowings under credit facilities	462,660	153,719
Term loans	476,070	475,752
Bonds payable	42,500	42,500
Mortgage loans	527,722	607,109

Earnings_Per_Common_Share_Comp

Earnings Per Common Share (Computation Of Basic And Diluted Earnings Per Common Share) (Details) (USD $)	3 Months Ended		9 Months Ended
In Thousands, except Share data, unless otherwise specified	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2013	Sep. 30, 2012
Earnings Per Share [Abstract]
Net income attributable to common shareholders	$28,534	$26,507	$56,329	$35,182
Dividends paid on unvested restricted shares	-103	-78	-250	-213
Undistributed earnings attributable to unvested restricted shares	-6	-41	0	0
Net income attributable to common shareholders excluding amounts attributable to unvested restricted shares	$28,425	$26,388	$56,079	$34,969
Weighted average number of common shares - basic	95,890,474	85,876,584	95,510,088	85,278,331
Stock options and compensation-related shares	191,866	180,373	171,675	171,212
Weighted average number of common shares - diluted	96,082,340	86,056,957	95,681,763	85,449,543
Net income attributable to common shareholders excluding amounts attributable to unvested restricted shares, Basic (in dollars per share)	$0.30	$0.31	$0.59	$0.41
Net income attributable to common shareholders excluding amounts attributable to unvested restricted shares, Diluted (in dollars per share)	$0.30	$0.31	$0.59	$0.41

Supplemental_Information_To_St2

Supplemental Information To Statements Of Cash Flows (Supplemental Information To Statements Of Cash Flows) (Details) (USD $)	9 Months Ended
In Thousands, unless otherwise specified	Sep. 30, 2013	Sep. 30, 2012
Supplemental Cash Flow Information [Abstract]
Interest paid, net of capitalized interest	$41,388	$36,660
Interest capitalized	521	259
Income taxes paid, net	1,311	2,117
Increase in distributions payable on common shares	7,887	8,063
Decrease in distributions payable on preferred shares	-59	-3,236
Write off of fully depreciated furniture, fixtures and equipment	7,888	0
Write-off of fully amortized deferred financing costs	203	162
Increase (decrease) in accrued capital expenditures	2,671	-2,176
Grant of restricted shares and awards to employees and executives, net	4,957	4,764
Issuance of common shares for Board of Trustees compensation	277	494
Investment in properties (after credits at closing)	-349,802	-143,721
Other assets	-2,509	-565
Liabilities	50,176	1,342
Acquisition of properties	($302,135)	($142,944)

Subsequent_Events_Dividends_De

Subsequent Events Dividends (Details) (USD $)

3 Months Ended

9 Months Ended

3 Months Ended

Sep. 30, 2013

Jun. 30, 2013

Mar. 31, 2013

Sep. 30, 2013

Sep. 30, 2012

Sep. 30, 2013

Jun. 30, 2013

Mar. 31, 2013

Sep. 30, 2013

Jun. 30, 2013

Mar. 31, 2013

Sep. 30, 2013

Jun. 30, 2013

Dec. 31, 2013

Dec. 31, 2013

Dec. 31, 2013

Dec. 31, 2013

7 1/4% Series G Preferred Shares [Member]

7 1/4% Series G Preferred Shares [Member]

7 1/4% Series G Preferred Shares [Member]

7 1/2% Series H Preferred Shares [Member]

7 1/2% Series H Preferred Shares [Member]

7 1/2% Series H Preferred Shares [Member]

6 3/8% Series I Preferred Stock [Member]

6 3/8% Series I Preferred Stock [Member]

Subsequent Event [Member]

Subsequent Event [Member]

Subsequent Event [Member]

Subsequent Event [Member]

Common Shares Of Beneficial Interest [Member]

7 1/4% Series G Preferred Shares [Member]

7 1/2% Series H Preferred Shares [Member]

6 3/8% Series I Preferred Stock [Member]

Subsequent Event [Line Items]

Common Dividend per Share/Unit

$0.20

$0.20

$0.20

$0.68

$0.51

$0.28

[1]

Preferred Dividend per Share/Unit

$0.45

$0.45

$0.45

[1]

$0.47

$0.47

$0.47

[1]

$0.40

$0.18

$0.45

[1]

$0.47

[1]

$0.40

[1]

For the Quarter Ended

30-Jun-13

31-Mar-13

31-Dec-12

30-Jun-13

31-Mar-13

31-Dec-12

30-Jun-13

31-Mar-13

31-Dec-12

30-Jun-13

31-Mar-13

30-Sep-13

30-Sep-13

30-Sep-13

30-Sep-13

Record Date

28-Jun-13

28-Mar-13

31-Dec-12

1-Jul-13

28-Mar-13

1-Jan-13

1-Jul-13

28-Mar-13

1-Jan-13

1-Jul-13

28-Mar-13

30-Sep-13

1-Oct-13

1-Oct-13

1-Oct-13

Payable Date

15-Jul-13

15-Apr-13

15-Jan-13

15-Jul-13

15-Apr-13

15-Jan-13

15-Jul-13

15-Apr-13

15-Jan-13

15-Jul-13

15-Apr-13

15-Oct-13

15-Oct-13

15-Oct-13

15-Oct-13

[1]

Amounts are rounded to the nearest whole cent for presentation purposes.