Lasalle Hotel Properties (LHO) 10-Q 22 Oct 14 2014 Q3 Quarterly report Financial data

Document_And_Entity_Informatio

Document And Entity Information	9 Months Ended
	Sep. 30, 2014	Oct. 22, 2014
Document And Entity Information [Abstract]	'	'
Document Type	'10-Q	'
Amendment Flag	'false	'
Document Period End Date	30-Sep-14	'
Document Fiscal Year Focus	'2014	'
Document Fiscal Period Focus	'Q3	'
Entity Registrant Name	'LaSalle Hotel Properties	'
Entity Central Index Key	'0001053532	'
Current Fiscal Year End Date	'--12-31	'
Entity Filer Category	'Large Accelerated Filer	'
Entity Common Stock, Shares Outstanding	'	104,068,251

Consolidated_Balance_Sheets

Consolidated Balance Sheets (USD $)	Sep. 30, 2014	Dec. 31, 2013
In Thousands, unless otherwise specified
Assets:	'	'
Investment in hotel properties, net (Note 3)	$3,378,293	$3,383,188
Note receivable (net of unamortized discount of zero and $986, respectively) (Note 3)	0	71,014
Property under development	19,233	15,394
Cash and cash equivalents	17,084	13,388
Restricted cash reserves (Note 5)	22,642	19,724
Hotel receivables (net of allowance for doubtful accounts of $433 and $344, respectively)	52,921	30,661
Deferred financing costs, net	7,075	6,050
Deferred tax assets	1,561	1,497
Prepaid expenses and other assets	36,599	40,122
Total assets	3,535,408	3,581,038
Liabilities:	'	'
Borrowings under credit facilities (Note 4)	158,000	220,606
Term loans (Note 4)	477,500	477,500
Bonds payable (Note 4)	42,500	42,500
Mortgage loans (including unamortized premium of zero and $41, respectively) (Note 4)	502,257	514,456
Accounts payable and accrued expenses	165,426	161,085
Advance deposits	23,896	18,301
Accrued interest	3,530	3,828
Distributions payable	42,179	33,299
Total liabilities	1,415,288	1,471,575
Commitments and contingencies	'	'
Shareholders’ Equity:	'	'
Preferred shares of beneficial interest, $0.01 par value (liquidation preference of $178,750 and $237,472, respectively), 40,000,000 shares authorized; 7,150,000 and 9,498,888 shares issued and outstanding, respectively (Note 6)	72	95
Common shares of beneficial interest, $0.01 par value, 200,000,000 shares authorized; 104,088,536 shares issued and 104,068,251 shares outstanding, respectively, and 103,963,828 shares issued and 103,963,318 shares outstanding, respectively (Note 6)	1,040	1,039
Treasury shares, at cost (Note 6)	-712	-14
Additional paid-in capital, net of offering costs of $76,416 and $77,316, respectively	2,324,633	2,379,246
Accumulated other comprehensive income (Note 4)	3,183	4,603
Distributions in excess of retained earnings	-214,391	-281,578
Total shareholders’ equity	2,113,825	2,103,391
Noncontrolling Interests:	'	'
Noncontrolling interests in consolidated entities	17	18
Noncontrolling interests of common units in Operating Partnership (Note 6)	6,278	6,054
Total noncontrolling interests	6,295	6,072
Total equity	2,120,120	2,109,463
Total liabilities and equity	$3,535,408	$3,581,038

Consolidated_Balance_Sheets_Pa

Consolidated Balance Sheets (Parenthetical) (USD $)	9 Months Ended	12 Months Ended
In Thousands, except Share data, unless otherwise specified	Sep. 30, 2014	Dec. 31, 2013
Statement of Financial Position [Abstract]	'	'
Unamortized discount on note receivable	$0	$986
Allowance for doubtful accounts	433	344
Unamortized premium on mortgage loans	0	41
Preferred shares, par value	$0.01	$0.01
Preferred shares, liquidation preference	178,750	237,472
Preferred shares, shares authorized	40,000,000	40,000,000
Preferred shares, shares issued	7,150,000	9,498,888
Preferred shares, shares outstanding	7,150,000	9,498,888
Common shares, par value	$0.01	$0.01
Common shares, shares authorized	200,000,000	200,000,000
Common shares, shares issued	104,088,536	103,963,828
Common shares, shares outstanding	104,068,251	103,963,318
Offering costs	$76,416	$77,316

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, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013
Hotel operating revenues:	'	'	'	'
Room	$222,006	$189,619	$587,705	$495,696
Food and beverage	63,399	60,022	189,921	175,397
Other operating department	21,291	18,289	56,105	48,001
Total hotel operating revenues	306,696	267,930	833,731	719,094
Other income	1,306	2,056	6,240	6,156
Total revenues	308,002	269,986	839,971	725,250
Hotel operating expenses:	'	'	'	'
Room	52,344	44,911	147,495	124,789
Food and beverage	45,986	41,886	137,830	121,871
Other direct	6,772	6,146	18,500	17,166
Other indirect (Note 8)	69,722	62,121	199,924	175,045
Total hotel operating expenses	174,824	155,064	503,749	438,871
Depreciation and amortization	38,821	40,634	115,887	107,182
Real estate taxes, personal property taxes and insurance	13,878	13,489	43,210	38,623
Ground rent (Note 5)	4,279	3,249	11,019	8,535
General and administrative	6,278	5,513	17,804	16,224
Acquisition transaction costs (Note 3)	0	2,687	1,851	2,687
Other expenses	573	1,749	6,830	3,918
Total operating expenses	238,653	222,385	700,350	616,040
Operating income	69,349	47,601	139,621	109,210
Interest income	2	2,448	1,801	7,212
Interest expense	-14,499	-14,737	-43,043	-42,517
Loss from extinguishment of debt (Note 4)	0	0	-2,487	0
Income before income tax expense	54,852	35,312	95,892	73,905
Income tax expense (Note 9)	-2,997	-2,564	-1,488	-2,481
Income before gain on sale of properties	51,855	32,748	94,404	71,424
Gain on sale of properties (Note 3)	49,657	0	93,205	0
Net income	101,512	32,748	187,609	71,424
Net income attributable to noncontrolling interests:	'	'	'	'
Noncontrolling interests in consolidated entities	0	0	-8	-8
Noncontrolling interests of common units in Operating Partnership (Note 6)	-297	-108	-557	-243
Net income attributable to noncontrolling interests	-297	-108	-565	-251
Net income attributable to the Company	101,215	32,640	187,044	71,173
Distributions to preferred shareholders	-3,042	-4,106	-11,291	-13,278
Issuance costs of redeemed preferred shares (Note 6)	-9	0	-951	-1,566
Net income attributable to common shareholders	98,164	28,534	174,802	56,329
Earnings per Common Share - Basic:	'	'	'	'
Net income attributable to common shareholders excluding amounts attributable to unvested restricted shares	$0.94	$0.30	$1.68	$0.59
Earnings per Common Share - Diluted:	'	'	'	'
Net income attributable to common shareholders excluding amounts attributable to unvested restricted shares	$0.94	$0.30	$1.67	$0.59
Weighted average number of common shares outstanding:	'	'	'	'
Basic	103,798,853	95,890,474	103,730,007	95,510,088
Diluted	104,133,553	96,082,340	104,059,030	95,681,763
Comprehensive Income:	'	'	'	'
Net income	101,512	32,748	187,609	71,424
Other comprehensive income (loss):	'	'	'	'
Unrealized gain (loss) on interest rate derivative instruments (Note 4)	2,664	-2,345	-1,424	10,255
Comprehensive income	104,176	30,403	186,185	81,679
Comprehensive income attributable to noncontrolling interests:	'	'	'	'
Noncontrolling interests in consolidated entities	-8	0	-8	-8
Noncontrolling interests of common units in Operating Partnership (Note 6)	-305	-101	-553	-275
Comprehensive income attributable to noncontrolling interests	-313	-101	-561	-283
Comprehensive income attributable to the Company	$103,863	$30,302	$185,624	$81,396

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, 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 earned shares from share awards with market conditions	-20	-20	0	0	0	0	0	-20	0	0	0
Distributions on common shares/units ($0.68 and $1.03 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 income (loss):	'	'	'	'	'	'	'	'	'	'	'
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
Balance, Beginning of year at Dec. 31, 2013	2,109,463	2,103,391	95	1,039	-14	2,379,246	4,603	-281,578	6,072	18	6,054
Increase (Decrease) in Stockholders' Equity [Roll Forward]	'	'	'	'	'	'	'	'	'	'	'
Issuance of shares, net of offering costs	561	561	0	1	0	560	0	0	0	0	0
Redemption of preferred shares	-58,731	-58,731	-23	0	0	-57,757	0	-951	0	0	0
Repurchase of common shares into treasury	-2,936	-2,936	0	0	-2,936	0	0	0	0	0	0
Deferred compensation, net	4,798	4,798	0	0	2,238	2,560	0	0	0	0	0
Adjustments to noncontrolling interests	0	24	0	0	0	24	0	0	-24	0	-24
Distributions on earned shares from share awards with market conditions	-314	-314	0	0	0	0	0	-314	0	0	0
Distributions on common shares/units ($0.68 and $1.03 per share/unit, respectively)	-107,606	-107,301	0	0	0	0	0	-107,301	-305	0	-305
Distributions on preferred shares	-11,300	-11,291	0	0	0	0	0	-11,291	-9	-9	0
Net income	187,609	187,044	0	0	0	0	0	187,044	565	8	557
Other comprehensive income (loss):	'	'	'	'	'	'	'	'	'	'	'
Unrealized gain (loss) on interest rate derivative instruments	-1,424	-1,420	0	0	0	0	-1,420	0	-4	0	-4
Balance, End of period at Sep. 30, 2014	$2,120,120	$2,113,825	$72	$1,040	($712)	$2,324,633	$3,183	($214,391)	$6,295	$17	$6,278

Consolidated_Statements_of_Equ1

Consolidated Statements of Equity (Parenthetical) (USD $)	3 Months Ended						9 Months Ended
	Sep. 30, 2014		Jun. 30, 2014		Mar. 31, 2014		Sep. 30, 2014	Sep. 30, 2013
Statement of Stockholders' Equity [Abstract]	'		'		'		'	'
Distributions on common shares/units (per share/unit)	$0.38	[1]	$0.28	[1]	$0.28	[1]	$1.03	$0.68
[1]	Amounts are rounded to the nearest whole cent for presentation purposes.

Consolidated_Statements_of_Cas

Consolidated Statements of Cash Flows (USD $)	9 Months Ended
In Thousands, unless otherwise specified	Sep. 30, 2014	Sep. 30, 2013
Cash flows from operating activities:	'	'
Net income	$187,609	$71,424
Adjustments to reconcile net income to net cash provided by operating activities:	'	'
Depreciation and amortization	115,887	107,182
Amortization of deferred financing costs, mortgage premium and note receivable discount	599	-215
Loss from extinguishment of debt	2,487	0
Gain on sale of properties	-93,205	0
Amortization of deferred compensation	4,798	4,088
Deferred income tax (benefit) expense	-64	89
Allowance for doubtful accounts	89	251
Other	404	449
Changes in assets and liabilities:	'	'
Restricted cash reserves	-80	738
Hotel receivables	-22,893	-18,982
Prepaid expenses and other assets	622	-12,379
Accounts payable and accrued expenses	4,419	15,615
Advance deposits	5,834	3,081
Accrued interest	-298	-567
Net cash provided by operating activities	206,208	170,774
Cash flows from investing activities:	'	'
Additions to properties	-57,480	-34,776
Improvements to properties	-4,583	-53,054
Acquisition of properties	-127,002	-302,135
Purchase of office furniture and equipment	-94	-40
Repayment of note receivable	72,000	0
Restricted cash reserves	-2,838	-22
Proceeds from sale of properties	167,838	0
Property insurance proceeds	1,438	436
Net cash provided by (used in) investing activities	49,279	-389,591
Cash flows from financing activities:	'	'
Borrowings under credit facilities	468,820	466,406
Repayments under credit facilities	-531,426	-158,406
Repayments of mortgage loans	-12,158	-63,511
Payment of deferred financing costs	-5,138	-4
Purchase of treasury shares	-2,936	-3
Proceeds from issuance of preferred shares	0	110,000
Payment of preferred offering costs	0	-3,648
Proceeds from issuance of common shares	0	19,943
Payment of common offering costs	-20	-588
Distributions on earned shares from share awards with market conditions	-314	-20
Redemption of preferred shares	-58,722	-100,000
Distributions on preferred shares	-12,363	-13,345
Distributions on common shares/units	-97,534	-57,626
Net cash (used in) provided by financing activities	-251,791	199,198
Net change in cash and cash equivalents	3,696	-19,619
Cash and cash equivalents, beginning of period	13,388	35,090
Cash and cash equivalents, end of period	$17,084	$15,471

Organization

Organization	9 Months Ended
	Sep. 30, 2014
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, 2014, the Company owned interests in 44 hotels with over 11,100 guest rooms located in nine 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 2014 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., a Delaware limited partnership (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, 2014. The remaining 0.3% is held by limited partners who held 296,300 common units of the Operating Partnership at September 30, 2014. See Note 6 for additional disclosures related to common units of the Operating Partnership.

Summary_of_Significant_Account

Summary of Significant Accounting Policies	9 Months Ended
	Sep. 30, 2014
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, 2014 are not necessarily indicative of the results that may be expected for the year ending December 31, 2014 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, 2013.
	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, 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 and reviewed by the Company 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 estimated revenue and expense amounts 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 shares under the 2014 Equity Incentive Plan (“2014 Plan”), which has approximately nine years remaining, as compensation to executives, employees and members of the Board of Trustees (see Note 7). The shares issued to executives and employees generally vest over three years. The shares issued to members of the Board of Trustees vest immediately upon issuance. The Company recognizes compensation expense for nonvested shares on a straight-line basis over the vesting period based upon the fair value of the shares on the date of issuance, adjusted for forfeitures or as the estimated number of shares expected to vest is revised for awards with performance conditions. The 2014 Plan replaced the 2009 Equity Incentive Plan ("2009 Plan") in May 2014.
	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 noncontrolling interests 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, 2014, 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.
	Recently Issued Accounting Pronouncements
	In April 2014, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update ("ASU") No. 2014-08, Presentation of Financial Statements (Topic 205) and Property, Plant, and Equipment (Topic 360): Reporting Discontinued Operations and Disclosures of Disposals of Components of an Entity, which amends GAAP to require reporting of discontinued operations only if the disposal represents a strategic shift that has (or will have) a major effect on an entity’s operations and financial results. This pronouncement will be effective for the first annual reporting period beginning after December 15, 2015 with early adoption permitted. The Company adopted this accounting pronouncement effective January 1, 2014.
	In May 2014, the FASB issued ASU No. 2014-09, Revenue from Contracts with Customers, which requires an entity to recognize the amount of revenue to which it expects to be entitled for the transfer of promised goods or services to customers. The ASU will replace most existing revenue recognition guidance in GAAP when it becomes effective. The new standard is effective for the Company on January 1, 2017. Early application is not permitted. The standard permits the use of either the retrospective or cumulative effect transition method. The Company is evaluating the effect that ASU No. 2014-09 will have on its consolidated financial statements and related disclosures. The Company has not yet selected a transition method nor has it determined the effect of the standard on its ongoing financial reporting.
	Reclassification
	Certain amounts in the 2013 financial statements have been reclassified to conform with the 2014 presentation.

Investment_in_Hotel_Properties

Investment in Hotel Properties	9 Months Ended
	Sep. 30, 2014
Investments [Abstract]	'
Investment In Hotel Properties	'
	Investment in Hotel Properties
	Investment in hotel properties as of September 30, 2014 and December 31, 2013 consists of the following:
		30-Sep-14				31-Dec-13
	Land	$	591,666			$	602,697
	Buildings and improvements	3,238,711				3,191,286
	Furniture, fixtures and equipment	575,004				557,090
	Investment in hotel properties, gross	4,405,381				4,351,073
	Accumulated depreciation	(1,027,088		)		(967,885		)
	Investment in hotel properties, net	$	3,378,293			$	3,383,188
	As of September 30, 2014 and December 31, 2013, buildings and improvements included capital lease assets of $186,711 and accumulated depreciation included amounts related to capital lease assets of $14,161 and $10,104, respectively. Depreciation of the capital lease assets is included in depreciation and amortization expense in the accompanying consolidated statements of operations and comprehensive income for all periods presented.
	Depreciation expense was $38,715 and $115,573 for the three and nine months ended September 30, 2014, respectively, and $40,521 and $106,854 for the three and nine months ended September 30, 2013, 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. 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)	1,010
	Southernmost Hotel Collection		August 27, 2013		260			Key West, FL	184,500		Highgate Hotels	984
	Total								$	303,775		$	2,687
	(1) Effective January 29, 2014, management transitioned to Access Hotels & Resorts.
	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, are included within investment in hotel properties, net, in the accompanying consolidated balance sheets. 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.
	On April 2, 2014, the Company acquired a 100% interest in Hotel Vitale, a 200-room urban, full-service hotel located in San Francisco, CA for $130,000. The source of the funding for the acquisition was borrowings under the Company's senior unsecured credit facility. The property is leased to LHL and Commune Hotels and Resorts manages the property. The Company recorded the acquisition at fair value using model-derived valuations, with the estimated fair value recorded to investment in hotel property and hotel working capital assets and liabilities. In connection with the acquisition, the Company incurred acquisition transaction costs of zero and $1,787 that were expensed as incurred during the three and nine months ended September 30, 2014, respectively, which expenses are included in the accompanying consolidated statements of operations and comprehensive income.
	On April 30, 2014, the Company acquired a parcel of land located adjacent to the Company's Onyx Hotel in Boston, MA for $2,500. The land is available for future use. The Company incurred transaction costs of zero and $64 in connection with the land purchase, which were expensed as incurred during the three and nine months ended September 30, 2014, respectively. These expenses are included in acquisition transaction costs, which expenses are included in the accompanying consolidated statements of operations and comprehensive income.
	Dispositions
	Effective January 1, 2014, the Company adopted ASU No. 2014-08, Reporting Discontinued Operations and Disclosures of Disposals of Components of an Entity (see Note 2). As a result, operations of hotels sold subsequent to December 31, 2013 will continue to be reported in continuing operations, while gains (losses) on sale will be included in gain on sale of property, after continuing operations.
	On June 17, 2014, the Company sold the Hilton Alexandria Old Town for $93,380. This sale does not represent a strategic shift in the Company's business plan or primary markets, and therefore, does not qualify as discontinued operations. The Company recognized a gain of zero and $43,548 related to the sale of this property, which is included in the accompanying consolidated statements of operations and comprehensive income for the three and nine months ended September 30, 2014, respectively.
	On September 10, 2014, the Company sold the Hotel Viking for $77,000. This sale does not represent a strategic shift in the Company's business plan or primary markets, and therefore, does not qualify as discontinued operations. The Company recognized a gain of $49,657 related to the sale of this property, which is included in the accompanying consolidated statements of operations and comprehensive income for the three and nine months ended September 30, 2014. In conjunction with the sale of Hotel Viking, the Company executed a reverse 1031 exchange with Hotel Vitale, which was purchased on April 2, 2014. The reverse 1031 exchange has no effect on the Company’s GAAP financial reporting and does not have a material impact on the Company’s tax positions and expected tax expense.
	Note Receivable
	On February 10, 2014, the Company received $72,000 in early repayment of its mezzanine loan, which was 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. The mezzanine loan was due to mature on May 11, 2014. The proceeds were used to pay down amounts outstanding under the Company’s senior unsecured credit facility and under the LHL unsecured credit facility.
	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 condensed pro forma financial information is presented as if the following 2013 acquisitions had been consummated on January 1, 2012, the beginning of the reporting period prior to acquisition. In addition, for purposes of the condensed pro forma financial information only, the May 24, 2013 through May 31, 2013 issuance of 721,706 common shares of beneficial interest and the October 25, 2013 issuance of 7,705,000 common shares of beneficial interest are presented as if the issuances had occurred as of January 1, 2012. No adjustments have been made to the condensed pro forma financial information presented below for the 2013 preferred share issuance and redemption, since those transactions have no relation to the acquisitions. The 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 2013 acquisitions been consummated on January 1, 2012, nor does it purport to represent the results of operations for future periods.
	Adjustments have been made to the pro forma financial information for the following acquisitions:
	Property		Acquisition Date
	Harbor Court Hotel		August 1, 2013
	Hotel Triton		August 1, 2013
	Serrano Hotel		August 21, 2013
	Southernmost Hotel Collection		August 27, 2013
	The condensed pro forma financial information for the three and nine months ended September 30, 2013 is as follows:
		For the three months ended				For the nine months ended
		30-Sep-13				September 30, 2013
	Total revenues	$	279,155			$	771,010
	Net income	$	33,703			$	77,179
	Net income attributable to common shareholders	$	29,489			$	62,084
	Earnings per common share - basic	$	0.28			$	0.6
	Earnings per common share - diluted	$	0.28			$	0.6
	Weighted average number of common shares outstanding:
	Basic	103,595,474				103,594,692
	Diluted	103,787,340				103,766,368

LongTerm_Debt

Long-Term Debt	9 Months Ended
	Sep. 30, 2014
Long-term Debt, Other Disclosures [Abstract]	'
Long-Term Debt	'
	Long-Term Debt
	Debt Summary
	Debt as of September 30, 2014 and December 31, 2013 consisted of the following:
							Balance Outstanding as of
	Debt		Interest		Maturity		September 30,				December 31,
			Rate		Date		2014				2013
	Credit facilities
	Senior unsecured credit facility		Floating (a)		January 2018 (a)		$	158,000			$	220,000
	LHL unsecured credit facility		Floating (b)		January 2018 (b)		0				606
	Total borrowings under credit facilities						158,000				220,606
	Term loans
	First Term Loan		Floating (c)		May-19		177,500				177,500
	Second Term Loan		Floating (c)		Jan-19		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 Deca		6.28%		August 2014 (e)		0				8,809
	Westin Copley Place		5.28%		September 2015 (f)		210,000				210,000
	Westin Michigan Avenue		5.75%		Apr-16		133,856				135,315
	Indianapolis Marriott Downtown		5.99%		Jul-16		97,876				98,875
	Hotel Roger Williams		6.31%		Aug-16		60,525				61,416
	Mortgage loans at stated value						502,257				514,415
	Unamortized loan premium (g)						0				41
	Total mortgage loans						502,257				514,456
	Total debt						$	1,180,257			$	1,255,062
	(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, 2014, the rate, including the applicable margin, for the Company’s outstanding LIBOR borrowings of $158,000 was 1.86%. As of December 31, 2013, the rate, including the applicable margin, for the Company's outstanding LIBOR borrowing of $220,000 was 1.92%. The Company has the option, pursuant to certain terms and conditions, to extend the maturity date for two six-month extensions.
	(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, 2014. As of December 31, 2013, the rate, including the applicable margin, for LHL's outstanding LIBOR borrowings of $606 was 1.92%. LHL has the option, pursuant to certain terms and conditions, to extend the maturity date for two six-month extensions.
	(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 a five-year term ending in August 2017 for the Second Term Loan (as defined below), resulting in fixed all-in interest rates at September 30, 2014 of 3.62% and 2.38%, respectively, and at December 31, 2013 of 3.62% and 2.43%, 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 U.S. Bank National Association ("U.S. Bank"), effective September 30, 2014, that expire in September 2016, which replaced similar letters of credit held by the Royal Bank of Scotland. The letters of credit have two one-year extension options and are secured by the Hyatt Boston Harbor. The bonds bear interest based on weekly floating rates. The interest rates as of September 30, 2014 were 0.85% and 0.40% for the $5,400 and $37,100 bonds, respectively. The interest rates as of December 31, 2013 were 0.70% and 0.40% for the $5,400 and $37,100 bonds, respectively. Effective October 1, 2014, the interest rates under the U.S. Bank letters of credit are 0.12% and 0.04% for the $5,400 and $37,100 bonds, respectively. The Company also incurred 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 through September 29, 2014. Effective September 30, 2014, the Company incurs an annual letter of credit fee of 1.35%.
	(e)	The Company repaid the mortgage loan on May 1, 2014 through borrowings under its senior unsecured credit facility.
	(f)	The Company intends to repay the mortgage loan upon maturity through either borrowings on its credit facilities, placement of corporate-level debt or proceeds from a property-level mortgage financing.
	(g)	Mortgage debt includes an unamortized loan premium on the mortgage loan on Hotel Deca of $41 as of December 31, 2013.
	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, 2014 and 2013 is as follows:
		For the three months ended								For the nine months ended
		September 30,								September 30,
		2014				2013				2014			2013
	Interest Expense:
	Interest incurred	$	14,003			$	14,271			$	41,545		$	41,342
	Amortization of deferred financing costs	545				556				1,626			1,696
	Capitalized interest	(49		)		(90		)		(128		)	(521		)
	Interest expense	$	14,499			$	14,737			$	43,043		$	42,517
	Weighted Average Interest Rates for Variable Rate Debt:
	Senior unsecured credit facility	1.9		%		2.1		%		1.9		%	2.1		%
	LHL unsecured credit facility	1.9		%		1.2		%		1.9		%	2		%
	Massport Bonds	0.5		%		0.2		%		0.5		%	0.2		%
	Credit Facilities
	On January 8, 2014, the Company refinanced its $750,000 senior unsecured credit facility with a syndicate of banks. The credit facility matures on January 8, 2018, subject to two six-month extensions 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 $1,050,000. 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 0.25% or 0.30% of the unused portion of the credit facility, depending on the average daily unused portion of the credit facility.
	On January 8, 2014, LHL also refinanced its $25,000 unsecured revolving credit facility to be used for working capital and general lessee corporate purposes. The LHL credit facility matures on January 8, 2018, subject to two six-month extensions 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 0.25% or 0.30% 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 term 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 3.62% at September 30, 2014, for the full seven-year term (see “Derivative and Hedging Activities” below).
	On January 8, 2014, the Company refinanced its $300,000 unsecured term loan (the "Second Term Loan"). The Second Term Loan includes an accordion feature, which subject to certain conditions, entitles the Company to request additional lender commitments, allowing for total commitments up to $500,000. The Second Term Loan has a five-year term maturing on January 8, 2019 and bears interest at variable rates, 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 2.38% at September 30, 2014, through August 2, 2017 (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 3.62% at September 30, 2014. 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 through August 2, 2017, 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 2.38% at September 30, 2014. 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 gain (loss) on outstanding derivative instruments in cash flow hedging relationships, for the three and nine months ended September 30, 2014 and 2013:
			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 three months ended										For the three months ended
			September 30,										September 30,
		2014				2013						2014			2013
Derivatives in cash flow hedging relationships:
Interest rate swaps		$	2,664			$	(2,345	)		Interest expense		$	1,113		$	1,072
		Amount of (Loss) Gain 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,
		2014				2013						2014			2013
Derivatives in cash flow hedging relationships:
Interest rate swaps		$	(1,424	)		$	10,255			Interest expense		$	3,297		$	3,153
During the three and nine months ended September 30, 2014 and 2013, 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, 2014 and December 31, 2013, there was $3,192 and $4,616 in cumulative unrealized gain, respectively, of which $3,183 and $4,603 was included in AOCI, respectively, and $9 and $13 was attributable to noncontrolling interests, respectively. The Company expects that approximately $4,417 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, 2014.
Extinguishment of Debt
As discussed above, the Company refinanced its senior unsecured credit facility and Second Term Loan and LHL refinanced its unsecured revolving credit facility on January 8, 2014. The refinancing arrangements for the senior unsecured credit facility and Second Term Loan were considered substantial modifications. In accordance with GAAP guidance, the Company recognized a loss from extinguishment of debt of $2,487, which is included in the accompanying consolidated statements of operations and comprehensive income. The loss from extinguishment of debt represents a portion of the unamortized deferred financing costs from the original agreements.
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 May 1, 2014, the Company repaid without fee or penalty the Hotel Deca mortgage loan in the amount of $8,703 plus accrued interest through borrowings under its senior unsecured credit facility. The loan was due to mature in August 2014.
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 will 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 of the Company to comply with the financial covenants contained in its credit facilities, term loans and non-recourse secured mortgages could result from, among other things, changes in its 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, 2014, 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, 2014
Commitments and Contingencies Disclosure [Abstract]	'
Commitments And Contingencies	'
	Commitments and Contingencies
	Ground, Land and Building, and Air Rights Leases
	Eight of the Company’s hotels, San Diego Paradise Point Resort and Spa, Hyatt Boston Harbor, Indianapolis Marriott Downtown, The Hilton San Diego Resort and Spa, Hotel Solamar, Viceroy Santa Monica, The Liberty Hotel and Hotel Vitale, are subject to ground leases under non-cancelable operating leases expiring from March 2026 to December 1, 2102. Additionally, the restaurant facility for Southernmost Hotel Collection is subject to a ground lease, which expires in April 2019, but the Company can begin negotiating a renewal one year in advance of the lease expiration. 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, The Liberty Hotel and Hotel Vitale are subject to minimum annual rent increases, resulting in noncash straight-line rent expense of $498 and $1,323 for the three and nine months ended September 30, 2014, respectively, and $327 and $981 for the three and nine months ended September 30, 2013, respectively, which is included in total ground rent expense below.
	Hotel Roger Williams, Harbor Court Hotel and Hotel Triton are subject to capital leases of land and building which expire in December 2044, April 2048 and January 2048, respectively. At acquisition, the estimated fair value of the remaining rent payments of $4,892, $18,424 and $27,752, respectively, were recorded as capital lease obligations. These obligations, net of amortization, are included in accounts payable and accrued expenses in the accompanying consolidated balance sheets.
	Total ground rent expense for the the three and nine months ended September 30, 2014 was $4,279 and $11,019, respectively. Total ground rent expense for the three and nine months ended September 30, 2013 was $3,249 and $8,535, 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, including capital lease payments, (without reflecting future applicable Consumer Price Index increases) are as follows:
	2014	$	2,836
	2015	11,552
	2016	11,775
	2017	12,044
	2018	12,231
	Thereafter	537,361
		$	587,799
	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, 2014, $16,100 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, 2014, the Company held $22,642 in restricted cash reserves. Included in such amounts are (i) $16,100 of reserve funds for future capital expenditures, (ii) $4,566 deposited in mortgage escrow accounts pursuant to mortgage obligations to pre-fund a portion of certain operating expenses and debt payments and (iii) $1,976 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, 2014
Stockholders' Equity Note [Abstract]	'
Equity	'
	Equity
	Common Shares of Beneficial Interest
	On January 1, 2014, the Company issued 13,948 common shares of beneficial interest and authorized an additional 6,064 deferred shares to the independent members of its Board of Trustees for their earned 2013 compensation pursuant to award arrangements existing on or before January 1, 2013. These common shares of beneficial interest were issued under the 2009 Plan.
	On January 1, 2014, the Company issued 35,652 nonvested shares with service conditions to executives related to the nonvested share awards with market conditions granted on January 24 and 26, 2011 (see Note 7 for additional details including vesting information). These common shares of beneficial interest were issued under the 2009 Plan.
	On January 22, 2014, the Company issued 9,385 common shares of beneficial interest related to the resignation of a former Board of Trustees member who retired from the Board of Trustees for a portion of his accumulated deferred shares granted as compensation for years 1999 through 2013. The accumulated deferred shares balance will be issued in five annual installments beginning January 22, 2014. These common shares of beneficial interest were issued under the 2009 Plan.
	On March 20, 2014, the Company issued 77,564 nonvested shares with service conditions to the Company’s executives and employees. The nonvested shares will vest in three annual installments starting January 1, 2015, subject to continued employment. These common shares of beneficial interest were issued under the 2009 Plan.
	On July 1, 2014, the Company issued 59,778 shares to an executive related to the nonvested share awards with market conditions granted on May 31, 2008 (see Note 7 for additional details including vesting information). All of the issued shares vested immediately on July 1, 2014. 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 offering of the Company’s common shares of beneficial interest under the 2013 Agreement will terminate upon the earlier of (i) the sale of common shares having an aggregate offering price of $250,000 or (ii) the termination of the 2013 Agreement by the Manager or Company. As of September 30, 2014, 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, 2014:
	Dividend per				For the Quarter Ended		Record Date	Payable Date
	Share/Unit (1)
	$	0.28			31-Dec-13		31-Dec-13	15-Jan-14
	$	0.28			March 31, 2014		March 31, 2014	April 15, 2014
	$	0.38			June 30, 2014		June 30, 2014	July 15, 2014
	(1) Amounts are rounded to the nearest whole cent for presentation purposes.
	Treasury Shares
	Treasury shares are accounted for under the cost method. During the nine months ended September 30, 2014, the Company received 91,394 common shares of beneficial interest related to employees surrendering shares to pay taxes at the time nonvested shares vested and forfeiting nonvested 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, 2014, 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, 2014, the Company re-issued 71,619 treasury shares related to the grants of nonvested shares.
	At September 30, 2014, there were 20,285 common shares of beneficial interest in treasury.
	Preferred Shares
	The following preferred shares of beneficial interest were outstanding as of September 30, 2014:
	Security Type		Number of
			Shares
	7 ½% Series H Preferred Shares		2,750,000
	6 ⅜% Series I Preferred Shares		4,400,000
	On April 5, 2013, the Company redeemed 4,000,000 of the 6,348,888 outstanding 7 ¼% Series G Cumulative Redeemable Preferred Shares ("Series G Preferred Shares") for $100,000 ($25.00 per share) plus accrued and unpaid dividends through the redemption date, 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.
	On July 3, 2014, the Company redeemed the remaining 2,348,888 Series G Preferred Shares for $58,722 ($25.00 per share) plus accrued and unpaid dividends through the redemption date, July 3, 2014, of $1,100. The redemption value of the Series G Preferred Shares exceeded their carrying value by $951, which is included in the determination of net income attributable to common shareholders for the nine months ended September 30, 2014. The $951 represents the offering costs related to the redeemed Series G Preferred Shares.
	The 7 ½% Series H Cumulative Redeemable Preferred Shares (“Series H Preferred Shares”) and the 6 ⅜% Series I Cumulative Redeemable Preferred Shares (“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 all past dividend periods and, with respect to the Series H Preferred Shares, for the current dividend period. 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 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 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 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.
	Preferred Dividends
	The Company paid the following dividends on preferred shares during the nine months ended September 30, 2014:
			Dividend per				For the
	Security Type		Share (1)				Quarter Ended	Record Date	Payable Date
	7 ¼% Series G		$	0.45			31-Dec-13	1-Jan-14	15-Jan-14
	7 ½% Series H		$	0.47			31-Dec-13	1-Jan-14	15-Jan-14
	6 ⅜% Series I		$	0.4			December 31, 2013	January 1, 2014	January 15, 2014
	7 ¼% Series G		$	0.45			31-Mar-14	1-Apr-14	April 15, 2014
	7 ½% Series H		$	0.47			March 31, 2014	April 1, 2014	April 15, 2014
	6 ⅜% Series I		$	0.4			March 31, 2014	April 1, 2014	April 15, 2014
	7 ¼% Series G		$	0.47		(2)	June 30, 2014	July 1, 2014	July 3, 2014
	7 ½% Series H		$	0.47			June 30, 2014	July 1, 2014	July 15, 2014
	6 ⅜% Series I		$	0.4			June 30, 2014	July 1, 2014	July 15, 2014
	(1)	Amounts are rounded to the nearest whole cent for presentation purposes.
	(2)	Final dividend is through redemption date.
	Noncontrolling Interests of Common Units in Operating Partnership
	As of September 30, 2014, 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, 2014, approximately $10,145 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 $10,145 is based on the Company's closing common share price of $34.24 on September 30, 2014, 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 redeemable for cash, or at the Company's option, for 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,
		2014				2013
	Net income attributable to common shareholders	$	174,802			$	56,329
	Increase in additional paid-in capital from adjustments to noncontrolling interests of common units in Operating Partnership	24				1
	Change from net income attributable to common shareholders and adjustments to noncontrolling interests	$	174,826			$	56,330

Equity_Incentive_Plan

Equity Incentive Plan	9 Months Ended
	Sep. 30, 2014
Employee Stock Ownership Plan (ESOP), Shares in ESOP [Abstract]	'
Equity Incentive Plan	'
	Equity Incentive Plan
	The common shareholders approved the 2014 Plan at the 2014 Annual Meeting held on May 7, 2014, 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 2014 Plan provides for a maximum of 2,900,000 common shares of beneficial interest to be issued in the form of share options, share appreciation rights, restricted or unrestricted share awards, phantom shares, performance awards, incentive awards, other share-based awards, or any combination of the foregoing. In addition, the maximum number of common shares subject to awards of any combination that may be granted under the 2014 Plan during any fiscal year to any one individual is limited to 500,000 shares. The 2014 Plan terminates on February 17, 2024. The 2014 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 2014 Plan vest over a period determined by the Compensation Committee of the Board of Trustees, generally a three year period. The duration of each option is also determined by the Compensation Committee, subject to applicable laws and regulations. At September 30, 2014, there were 2,898,666 common shares available for future grant under the 2014 Plan. Upon the approval of the 2014 Plan by the common shareholders on May 7, 2014, the 2014 Plan replaced the 2009 Plan. The Company will no longer make any grants under the 2009 Plan (although awards previously made under the 2009 Plan that are outstanding will remain in effect in accordance with the terms of that plan and the applicable award agreements).
	Nonvested Share Awards with Service Conditions
	From time to time, the Company awards nonvested shares under the 2014 Plan to executives, employees and members of the Board of Trustees. The nonvested shares issued to executives and employees generally vest over three years based on continued employment. The shares issued to the members of the Board of Trustees vest immediately upon issuance. The Company determines the grant date fair value of the nonvested shares based upon the grant date stock price of its common shares and target number of shares per the award agreements. Compensation costs are recognized on a straight-line basis over the requisite service 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 nonvested share awards with service conditions as of September 30, 2014 is as follows:
		Number of		Weighted -
		Shares		Average Grant
				Date Fair Value
	Nonvested at January 1, 2014	333,417		$	29.11
	Granted	77,564		31.82
	Vested	(167,108	)	28.53
	Forfeited	(3,751	)	29.19
	Nonvested at September 30, 2014 (1)	240,122		$	30.39
	(1)	Amount excludes 29,276 share awards with market conditions which were earned but nonvested due to a service condition as of September 30, 2014.
	As of September 30, 2014 and December 31, 2013, there were $5,186 and $5,160, respectively, of total unrecognized compensation costs related to nonvested share awards with service conditions. As of September 30, 2014 and December 31, 2013, these costs were expected to be recognized over a weighted–average period of 1.9 and 2.3 years, respectively. The total intrinsic value of shares vested (calculated as number of shares multiplied by vesting date share price) during the three and nine months ended September 30, 2014 was zero and $5,602, respectively, and during the three and nine months ended September 30, 2013 was $4 and $8, respectively. Compensation costs (net of forfeitures) related to nonvested share awards with service conditions that have been included in general and administrative expense in the accompanying consolidated statements of operations and comprehensive income were $740 and $2,220 for the three and nine months ended September 30, 2014, respectively, and $751 and $2,171 for the three and nine months ended September 30, 2013, respectively.
	Nonvested Share Awards with Market or Performance Conditions
	On January 24 and January 26, 2011, the Company’s Board of Trustees granted a target of 8,925 and 35,920 nonvested share awards with market conditions to executives, respectively. The actual number of the shares awarded was determined on January 1, 2014, based on the performance measurement period of January 1, 2011 through December 31, 2013, in accordance with the terms of the agreements. On January 1, 2014, the executives earned 79.5% of the target number of shares, or 35,652 shares. The shares representing the difference between 79.5% and 100.0% of the target, or 9,193 shares, were forfeited on January 1, 2014. Of the earned shares, 11,885 shares vested immediately on January 1, 2014 and the remaining 23,767 shares will vest in equal amounts on January 1, 2015 and January 1, 2016 based on continued employment. The executives received cash payments of $75 on the earned shares equal to the value of all dividends paid on common shares from December 31, 2010 until the determination date, January 1, 2014. As of January 1, 2014, the executives are entitled to receive dividends as declared and paid on the earned shares and to vote the shares, including those shares subject to further vesting.
	On July 1, 2014, the Company issued 59,778 shares to an executive who earned 119.6% of the 50,000 target number of shares from the nonvested share awards with market conditions granted on May 31, 2008. All of the shares earned, or 59,778 shares, vested immediately on July 1, 2014. The executive received a cash payment of $239 on the earned shares equal to the value of all dividends paid on common shares from May 31, 2008 until the determination date, July 1, 2014. As of July 1, 2014, the executive is entitled to receive dividends as declared and paid on the earned shares and to vote the shares. These common shares of beneficial interest were issued under the 2009 Plan.
	On March 20, 2014, the Company’s Board of Trustees granted a target of 71,967 nonvested share awards with either market or performance conditions to executives (the "March 20, 2014 Awards"). The actual amounts of the shares awarded with respect to 35,983 of the 71,967 shares will be determined on January 1, 2017, based on the performance measurement period of January 1, 2014 through December 31, 2016, in accordance with the terms of the agreements. The actual amounts of the shares awarded with respect to the remaining 35,984 of the 71,967 shares will be determined on July 1, 2017, based on the performance measurement period of July 1, 2014 through June 30, 2017, in accordance with the terms of the agreements. The actual amounts of the shares awarded will range from 0% to 200% of the target amounts, depending on the performance analysis stipulated in the agreements, and none of the 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, 2017 and July 1, 2017, respectively. Thereafter, the executives will be entitled to receive dividends as declared and paid on the earned shares and to vote the shares. With respect to 35,983 shares, amortization commenced on March 20, 2014, the beginning of the requisite service period, and, with respect to 35,984 shares, amortization commenced on July 1, 2014, the beginning of the requisite service period.
	The terms stipulated in the March 20, 2014 Awards used to determine the total amount of the shares consist of the following three tranches: (1) a comparison of the Company’s total return to the total returns’ of six companies in a designated peer group of the Company, (2) the Company’s actual performance as compared to a Board-established total return goal and (3) a comparison of the Company’s return on invested capital to the return on invested capital of six companies in a designated peer group of the Company.
	The tranches described in (1) and (2) are nonvested share awards with market conditions. For the March 20, 2014 Awards, the grant date fair value of the awards with market conditions were estimated by the Company using historical data under the Monte Carlo valuation method provided by a third party consultant. The final values were determined during the second quarter of 2014 with an insignificant cumulative adjustment to compensation cost recorded. The third tranche is based on “return on invested capital” discussed below, which is a performance condition. For the March 20, 2014 Awards, the grant date fair values of the tranches with performance conditions were calculated based on the targeted awards, and the valuation is adjusted on a periodic basis.
	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 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
	March 20, 2014 Awards (performance period starting January 1, 2014)
	Target amounts	33.7	%	0.9	%		N/A	N/A	$	31.94	33.4	%
	Return on invested capital	N/A		N/A			N/A	N/A	$	31.82	33.3	%
	Peer companies	33.7	%	0.9	%		N/A	0.938	$	31.02	33.3	%
	March 20, 2014 Awards (performance period starting July 1, 2014)
	Target amounts	33.7	%	0.9	%		N/A	N/A	$	31.23	33.4	%
	Return on invested capital	N/A		N/A			N/A	N/A	$	31.82	33.3	%
	Peer companies	33.7	%	0.9	%		N/A	0.938	$	34.53	33.3	%
	A summary of the Company’s nonvested share awards with either market or performance conditions as of September 30, 2014 is as follows:
		Number of		Weighted-
		Shares		Average Grant
				Date Fair Value
	Nonvested at January 1, 2014	289,545		$	33.02
	Granted (1)	131,745		34.52
	Vested	(100,472	)	32.46
	Forfeited	(9,193	)	(40.17		)
	Nonvested at September 30, 2014	311,625		$	33.62
	(1)	Amount includes 50,000 shares from a May 2008 award agreement, for which fair value was determined at the beginning of the performance measurement period on July 1, 2014.
	As of September 30, 2014 and December 31, 2013, there were $7,244 and $5,260, respectively, of total unrecognized compensation costs related to nonvested share awards with market or performance conditions. As of September 30, 2014 and December 31, 2013, these costs were expected to be recognized over a weighted–average period of 2.2 years. As of September 30, 2014 and December 31, 2013, there were 254,415 and 153,943 share awards with market or performance conditions vested, respectively. Additionally, there were 29,276 and 34,318 nonvested share awards with market or performance conditions earned but nonvested due to a service condition as of September 30, 2014 and December 31, 2013, respectively. Compensation costs (net of forfeitures) related to nonvested share awards with market or performance conditions that have been included in general and administrative expense in the accompanying consolidated statements of operations and comprehensive income were $924 and $2,578 for the three and nine months ended September 30, 2014, respectively, and $703 and $1,917 for the three and nine months ended September 30, 2013, respectively.

LHL

LHL	9 Months Ended
	Sep. 30, 2014
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,
		2014			2013		2014		2013
	General and administrative	$	22,270		$	19,913	$	64,965	$	56,234
	Sales and marketing	15,832			14,096		46,740		41,489
	Repairs and maintenance	9,417			8,547		27,939		24,764
	Management and incentive fees	10,813			9,172		27,961		24,080
	Utilities and insurance	8,730			7,906		24,601		21,467
	Franchise fees	2,200			2,031		6,441		5,870
	Other expenses	460			456		1,277		1,141
	Total other indirect expenses	$	69,722		$	62,121	$	199,924	$	175,045
	As of September 30, 2014, LHL leased all 44 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		Hotel Vitale	San Francisco, CA
	11		Serrano Hotel	San Francisco, CA
	12		Villa Florence	San Francisco, CA
	13		Chaminade Resort and Conference Center	Santa Cruz, CA
	14		Viceroy Santa Monica	Santa Monica, CA
	15		Chamberlain West Hollywood	West Hollywood, CA
	16		Le Montrose Suite Hotel	West Hollywood, CA
	17		Le Parc Suite Hotel	West Hollywood, CA
	18		The Grafton on Sunset	West Hollywood, CA
	19		Donovan House	Washington, D.C.
	20		Hotel George	Washington, D.C.
	21		Hotel Helix	Washington, D.C.
	22		Hotel Madera	Washington, D.C.
	23		Hotel Palomar, Washington, DC	Washington, D.C.
	24		Hotel Rouge	Washington, D.C.
	25		Sofitel Washington, DC Lafayette Square	Washington, D.C.
	26		The Liaison Capitol Hill	Washington, D.C.
	27		Topaz Hotel	Washington, D.C.
	28		Southernmost Hotel Collection	Key West, FL
	29		Hotel Chicago	Chicago, IL
	30		Westin Michigan Avenue	Chicago, IL
	31		Indianapolis Marriott Downtown	Indianapolis, IN
	32		Hyatt Boston Harbor	Boston, MA
	33		Onyx Hotel	Boston, MA
	34		The Liberty Hotel	Boston, MA
	35		Westin Copley Place	Boston, MA
	36		Gild Hall	New York, NY
	37		Hotel Roger Williams	New York, NY
	38		Park Central Hotel (shared lease with WestHouse Hotel New York)	New York, NY
	39		WestHouse Hotel New York	New York, NY
	40		Embassy Suites Philadelphia - Center City	Philadelphia, PA
	41		Westin Philadelphia	Philadelphia, PA
	42		Lansdowne Resort	Lansdowne,VA
	43		Alexis Hotel	Seattle, WA
	44		Hotel Deca	Seattle, WA

Income_Taxes

Income Taxes	9 Months Ended
	Sep. 30, 2014
Income Tax Disclosure [Abstract]	'
Income Taxes	'
	Income Taxes
	Income tax expense was comprised of the following for the three and nine months ended September 30, 2014 and 2013:
		For the three months ended					For the nine months ended
		September 30,					September 30,
		2014		2013			2014		2013
	LHL’s income tax expense	$	2,824	$	2,567		$	746	$	1,922
	Operating Partnership's income tax expense (benefit)	173		(3		)	742		559
	Total income tax expense	$	2,997	$	2,564		$	1,488	$	2,481
	The Company has estimated LHL’s income tax expense for the nine months ended September 30, 2014 by applying an estimated combined federal and state effective tax rate of 31.0% to LHL's net income of $2,272. 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, 2014
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-14			31-Dec-13
				Using Significant Other Observable
				Inputs (Level 2)
	Description		Consolidated Balance Sheet Location
	Derivative interest rate instruments		Prepaid expenses and other assets	$	3,192		$	4,616
	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 are 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, 2014 and December 31, 2013:
		September 30, 2014						December 31, 2013
		Carrying Value			Estimated Fair Value			Carrying Value		Estimated Fair Value
	Note receivable	$	0		$	0		$	71,014	$	71,014
	Borrowings under credit facilities	$	158,000		$	158,180		$	220,606	$	220,957
	Term loans	$	477,500		$	476,967		$	477,500	$	477,053
	Bonds payable	$	42,500		$	42,500		$	42,500	$	42,500
	Mortgage loans	$	502,257		$	511,428		$	514,456	$	522,788
	The Company estimated 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% and 3.1% as of September 30, 2014 and December 31, 2013, respectively. The assumptions reflect the terms currently available on similar borrowings to borrowers with credit profiles similar to the Company's. As of December 31, 2013, the Company estimated that the fair value of its note receivable, which was repaid in full on February 10, 2014, approximated its carrying value due to the relatively short period until maturity.
	At September 30, 2014 and December 31, 2013, 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, 2014
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,
		2014			2013			2014			2013
	Numerator:
	Net income attributable to common shareholders	$	98,164		$	28,534		$	174,802		$	56,329
	Dividends paid on unvested restricted shares	(101		)	(103		)	(304		)	(250		)
	Undistributed earnings attributable to unvested restricted shares	(153		)	(6		)	(201		)	0
	Net income attributable to common shareholders excluding amounts attributable to unvested restricted shares	$	97,910		$	28,425		$	174,297		$	56,079
	Denominator:
	Weighted average number of common shares - basic	103,798,853			95,890,474			103,730,007			95,510,088
	Effect of dilutive securities:
	Compensation-related shares	334,700			191,866			329,023			171,675
	Weighted average number of common shares - diluted	104,133,553			96,082,340			104,059,030			95,681,763
	Earnings per Common Share - Basic:
	Net income attributable to common shareholders excluding amounts attributable to unvested restricted shares	$	0.94		$	0.3		$	1.68		$	0.59
	Earnings per Common Share - Diluted:
	Net income attributable to common shareholders excluding amounts attributable to unvested restricted shares	$	0.94		$	0.3		$	1.67		$	0.59

Supplemental_Information_To_St

Supplemental Information To Statements Of Cash Flows	9 Months Ended
	Sep. 30, 2014
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,
		2014			2013
	Interest paid, net of capitalized interest	$	41,715		$	41,388
	Interest capitalized	128			521
	Income taxes paid, net	894			1,311
	Increase in distributions payable on common shares	9,944			7,887
	Decrease in distributions payable on preferred shares	(1,064		)	(59		)
	Write-off of fully depreciated furniture, fixtures and equipment	0			7,888
	Write-off of fully amortized deferred financing costs	273			203
	(Decrease) increase in accrued capital expenditures	(2,341		)	2,671
	Grant of nonvested shares and awards to employees and executives, net	6,921			4,957
	Issuance of common shares for Board of Trustees compensation	602			277
	In conjunction with the sale of properties, the Company disposed of
	the following assets and liabilities:
	Investment in properties, net of closing costs	$	167,921		$	0
	Other assets	1,397			0
	Liabilities	-1,480			0
	Sale of properties	$	167,838		$	0
	In conjunction with the acquisition of properties, the Company assumed
	the following assets and liabilities:
	Investment in properties (after credits at closing)	$	(129,916	)	$	(349,802	)
	Other assets	(1,033		)	(2,509		)
	Liabilities	3,947			50,176
	Acquisition of properties	$	(127,002	)	$	(302,135	)

Subsequent_Events

Subsequent Events	9 Months Ended
	Sep. 30, 2014
Subsequent Events [Abstract]	'
Subsequent Events	'
	Subsequent Events
	The Company paid the following common and preferred dividends subsequent to September 30, 2014:
		Dividend per		For the Quarter	Record	Payable
	Security Type	Share/Unit (1)		Ended	Date	Date
	Common Shares/Units	$	0.38	September 30, 2014	September 30, 2014	October 15, 2014
	7 ½% Series H Preferred Shares	$	0.47	September 30, 2014	October 1, 2014	October 15, 2014
	6 ⅜% Series I Preferred Shares	$	0.4	September 30, 2014	October 1, 2014	October 15, 2014
	(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, 2014
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, 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 and reviewed by the Company 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 estimated revenue and expense amounts 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 shares under the 2014 Equity Incentive Plan (“2014 Plan”), which has approximately nine years remaining, as compensation to executives, employees and members of the Board of Trustees (see Note 7). The shares issued to executives and employees generally vest over three years. The shares issued to members of the Board of Trustees vest immediately upon issuance. The Company recognizes compensation expense for nonvested shares on a straight-line basis over the vesting period based upon the fair value of the shares on the date of issuance, adjusted for forfeitures or as the estimated number of shares expected to vest is revised for awards with performance conditions. The 2014 Plan replaced the 2009 Equity Incentive Plan ("2009 Plan") in May 2014.
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 noncontrolling interests 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, 2014, 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.
Recently Issued Accounting Pronouncements	'
	Recently Issued Accounting Pronouncements
	In April 2014, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update ("ASU") No. 2014-08, Presentation of Financial Statements (Topic 205) and Property, Plant, and Equipment (Topic 360): Reporting Discontinued Operations and Disclosures of Disposals of Components of an Entity, which amends GAAP to require reporting of discontinued operations only if the disposal represents a strategic shift that has (or will have) a major effect on an entity’s operations and financial results. This pronouncement will be effective for the first annual reporting period beginning after December 15, 2015 with early adoption permitted. The Company adopted this accounting pronouncement effective January 1, 2014.
	In May 2014, the FASB issued ASU No. 2014-09, Revenue from Contracts with Customers, which requires an entity to recognize the amount of revenue to which it expects to be entitled for the transfer of promised goods or services to customers. The ASU will replace most existing revenue recognition guidance in GAAP when it becomes effective. The new standard is effective for the Company on January 1, 2017. Early application is not permitted. The standard permits the use of either the retrospective or cumulative effect transition method. The Company is evaluating the effect that ASU No. 2014-09 will have on its consolidated financial statements and related disclosures. The Company has not yet selected a transition method nor has it determined the effect of the standard on its ongoing financial reporting.
Reclassification	'
	Reclassification
	Certain amounts in the 2013 financial statements have been reclassified to conform with the 2014 presentation.

Investment_in_Hotel_Properties1

Investment in Hotel Properties (Tables)	9 Months Ended
	Sep. 30, 2014
Investments [Abstract]	'
Schedule Of Investment In Hotel Properties [Table Text Block]	'
	Investment in hotel properties as of September 30, 2014 and December 31, 2013 consists of the following:
		30-Sep-14				31-Dec-13
	Land	$	591,666			$	602,697
	Buildings and improvements	3,238,711				3,191,286
	Furniture, fixtures and equipment	575,004				557,090
	Investment in hotel properties, gross	4,405,381				4,351,073
	Accumulated depreciation	(1,027,088		)		(967,885		)
	Investment in hotel properties, net	$	3,378,293			$	3,383,188
Summary of Acquisitions	'
	Adjustments have been made to the pro forma financial information for the following acquisitions:
	Property		Acquisition Date
	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)	1,010
	Southernmost Hotel Collection		August 27, 2013		260			Key West, FL	184,500		Highgate Hotels	984
	Total								$	303,775		$	2,687
	(1) Effective January 29, 2014, management transitioned to Access Hotels & Resorts.
Condensed Pro Forma Financial Information	'
	The condensed pro forma financial information for the three and nine months ended September 30, 2013 is as follows:
		For the three months ended				For the nine months ended
		30-Sep-13				September 30, 2013
	Total revenues	$	279,155			$	771,010
	Net income	$	33,703			$	77,179
	Net income attributable to common shareholders	$	29,489			$	62,084
	Earnings per common share - basic	$	0.28			$	0.6
	Earnings per common share - diluted	$	0.28			$	0.6
	Weighted average number of common shares outstanding:
	Basic	103,595,474				103,594,692
	Diluted	103,787,340				103,766,368

LongTerm_Debt_Tables

Long-Term Debt (Tables)	9 Months Ended
	Sep. 30, 2014
Long-term Debt, Other Disclosures [Abstract]	'
Components of Long-Term Debt	'
	Debt as of September 30, 2014 and December 31, 2013 consisted of the following:
							Balance Outstanding as of
	Debt		Interest		Maturity		September 30,				December 31,
			Rate		Date		2014				2013
	Credit facilities
	Senior unsecured credit facility		Floating (a)		January 2018 (a)		$	158,000			$	220,000
	LHL unsecured credit facility		Floating (b)		January 2018 (b)		0				606
	Total borrowings under credit facilities						158,000				220,606
	Term loans
	First Term Loan		Floating (c)		May-19		177,500				177,500
	Second Term Loan		Floating (c)		Jan-19		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 Deca		6.28%		August 2014 (e)		0				8,809
	Westin Copley Place		5.28%		September 2015 (f)		210,000				210,000
	Westin Michigan Avenue		5.75%		Apr-16		133,856				135,315
	Indianapolis Marriott Downtown		5.99%		Jul-16		97,876				98,875
	Hotel Roger Williams		6.31%		Aug-16		60,525				61,416
	Mortgage loans at stated value						502,257				514,415
	Unamortized loan premium (g)						0				41
	Total mortgage loans						502,257				514,456
	Total debt						$	1,180,257			$	1,255,062
	(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, 2014, the rate, including the applicable margin, for the Company’s outstanding LIBOR borrowings of $158,000 was 1.86%. As of December 31, 2013, the rate, including the applicable margin, for the Company's outstanding LIBOR borrowing of $220,000 was 1.92%. The Company has the option, pursuant to certain terms and conditions, to extend the maturity date for two six-month extensions.
	(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, 2014. As of December 31, 2013, the rate, including the applicable margin, for LHL's outstanding LIBOR borrowings of $606 was 1.92%. LHL has the option, pursuant to certain terms and conditions, to extend the maturity date for two six-month extensions.
	(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 a five-year term ending in August 2017 for the Second Term Loan (as defined below), resulting in fixed all-in interest rates at September 30, 2014 of 3.62% and 2.38%, respectively, and at December 31, 2013 of 3.62% and 2.43%, 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 U.S. Bank National Association ("U.S. Bank"), effective September 30, 2014, that expire in September 2016, which replaced similar letters of credit held by the Royal Bank of Scotland. The letters of credit have two one-year extension options and are secured by the Hyatt Boston Harbor. The bonds bear interest based on weekly floating rates. The interest rates as of September 30, 2014 were 0.85% and 0.40% for the $5,400 and $37,100 bonds, respectively. The interest rates as of December 31, 2013 were 0.70% and 0.40% for the $5,400 and $37,100 bonds, respectively. Effective October 1, 2014, the interest rates under the U.S. Bank letters of credit are 0.12% and 0.04% for the $5,400 and $37,100 bonds, respectively. The Company also incurred 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 through September 29, 2014. Effective September 30, 2014, the Company incurs an annual letter of credit fee of 1.35%.
	(e)	The Company repaid the mortgage loan on May 1, 2014 through borrowings under its senior unsecured credit facility.
	(f)	The Company intends to repay the mortgage loan upon maturity through either borrowings on its credit facilities, placement of corporate-level debt or proceeds from a property-level mortgage financing.
	(g)	Mortgage debt includes an unamortized loan premium on the mortgage loan on Hotel Deca of $41 as of December 31, 2013.
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, 2014 and 2013 is as follows:
		For the three months ended								For the nine months ended
		September 30,								September 30,
		2014				2013				2014			2013
	Interest Expense:
	Interest incurred	$	14,003			$	14,271			$	41,545		$	41,342
	Amortization of deferred financing costs	545				556				1,626			1,696
	Capitalized interest	(49		)		(90		)		(128		)	(521		)
	Interest expense	$	14,499			$	14,737			$	43,043		$	42,517
	Weighted Average Interest Rates for Variable Rate Debt:
	Senior unsecured credit facility	1.9		%		2.1		%		1.9		%	2.1		%
	LHL unsecured credit facility	1.9		%		1.2		%		1.9		%	2		%
	Massport Bonds	0.5		%		0.2		%		0.5		%	0.2		%
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 gain (loss) on outstanding derivative instruments in cash flow hedging relationships, for the three and nine months ended September 30, 2014 and 2013:
			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 three months ended										For the three months ended
			September 30,										September 30,
			2014				2013						2014			2013
	Derivatives in cash flow hedging relationships:
	Interest rate swaps		$	2,664			$	(2,345	)		Interest expense		$	1,113		$	1,072
			Amount of (Loss) Gain 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,
			2014				2013						2014			2013
	Derivatives in cash flow hedging relationships:
	Interest rate swaps		$	(1,424	)		$	10,255			Interest expense		$	3,297		$	3,153

Commitments_And_Contingencies_

Commitments And Contingencies (Tables)	9 Months Ended
	Sep. 30, 2014
Commitments and Contingencies Disclosure [Abstract]	'
Future Minimum Rent Payments	'
	Future minimum rent payments, including capital lease payments, (without reflecting future applicable Consumer Price Index increases) are as follows:
	2014	$	2,836
	2015	11,552
	2016	11,775
	2017	12,044
	2018	12,231
	Thereafter	537,361
		$	587,799

Equity_Tables

Equity (Tables)	9 Months Ended
	Sep. 30, 2014
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, 2014:
	Dividend per				For the Quarter Ended		Record Date	Payable Date
	Share/Unit (1)
	$	0.28			31-Dec-13		31-Dec-13	15-Jan-14
	$	0.28			March 31, 2014		March 31, 2014	April 15, 2014
	$	0.38			June 30, 2014		June 30, 2014	July 15, 2014
	(1) Amounts are rounded to the nearest whole cent for presentation purposes.
Preferred Shares Outstanding	'
	The following preferred shares of beneficial interest were outstanding as of September 30, 2014:
	Security Type		Number of
			Shares
	7 ½% Series H Preferred Shares		2,750,000
	6 ⅜% 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, 2014:
			Dividend per				For the
	Security Type		Share (1)				Quarter Ended	Record Date	Payable Date
	7 ¼% Series G		$	0.45			31-Dec-13	1-Jan-14	15-Jan-14
	7 ½% Series H		$	0.47			31-Dec-13	1-Jan-14	15-Jan-14
	6 ⅜% Series I		$	0.4			December 31, 2013	January 1, 2014	January 15, 2014
	7 ¼% Series G		$	0.45			31-Mar-14	1-Apr-14	April 15, 2014
	7 ½% Series H		$	0.47			March 31, 2014	April 1, 2014	April 15, 2014
	6 ⅜% Series I		$	0.4			March 31, 2014	April 1, 2014	April 15, 2014
	7 ¼% Series G		$	0.47		(2)	June 30, 2014	July 1, 2014	July 3, 2014
	7 ½% Series H		$	0.47			June 30, 2014	July 1, 2014	July 15, 2014
	6 ⅜% Series I		$	0.4			June 30, 2014	July 1, 2014	July 15, 2014
	(1)	Amounts are rounded to the nearest whole cent for presentation purposes.
	(2)	Final dividend is through redemption date.
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,
		2014				2013
	Net income attributable to common shareholders	$	174,802			$	56,329
	Increase in additional paid-in capital from adjustments to noncontrolling interests of common units in Operating Partnership	24				1
	Change from net income attributable to common shareholders and adjustments to noncontrolling interests	$	174,826			$	56,330

Equity_Incentive_Plan_Tables

Equity Incentive Plan (Tables)	9 Months Ended
	Sep. 30, 2014
Employee Stock Ownership Plan (ESOP), Shares in ESOP [Abstract]	'
Summary Of The Company's Service Condition Nonvested Shares	'
	A summary of the Company’s nonvested share awards with service conditions as of September 30, 2014 is as follows:
		Number of		Weighted -
		Shares		Average Grant
				Date Fair Value
	Nonvested at January 1, 2014	333,417		$	29.11
	Granted	77,564		31.82
	Vested	(167,108	)	28.53
	Forfeited	(3,751	)	29.19
	Nonvested at September 30, 2014 (1)	240,122		$	30.39
	(1)	Amount excludes 29,276 share awards with market conditions which were earned but nonvested due to a service condition as of September 30, 2014.
Assumptions Of Performance Measures For Valuation [Table Text Block]	'
	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
	March 20, 2014 Awards (performance period starting January 1, 2014)
	Target amounts	33.7	%	0.9	%		N/A	N/A	$	31.94	33.4	%
	Return on invested capital	N/A		N/A			N/A	N/A	$	31.82	33.3	%
	Peer companies	33.7	%	0.9	%		N/A	0.938	$	31.02	33.3	%
	March 20, 2014 Awards (performance period starting July 1, 2014)
	Target amounts	33.7	%	0.9	%		N/A	N/A	$	31.23	33.4	%
	Return on invested capital	N/A		N/A			N/A	N/A	$	31.82	33.3	%
	Peer companies	33.7	%	0.9	%		N/A	0.938	$	34.53	33.3	%
Summary Of The Company's Long-Term Performance-Based Share Awards	'
	A summary of the Company’s nonvested share awards with either market or performance conditions as of September 30, 2014 is as follows:
		Number of		Weighted-
		Shares		Average Grant
				Date Fair Value
	Nonvested at January 1, 2014	289,545		$	33.02
	Granted (1)	131,745		34.52
	Vested	(100,472	)	32.46
	Forfeited	(9,193	)	(40.17		)
	Nonvested at September 30, 2014	311,625		$	33.62
	(1)	Amount includes 50,000 shares from a May 2008 award agreement, for which fair value was determined at the beginning of the performance measurement period on July 1, 2014.

LHL_Tables

LHL (Tables)	9 Months Ended
	Sep. 30, 2014
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,
		2014			2013		2014		2013
	General and administrative	$	22,270		$	19,913	$	64,965	$	56,234
	Sales and marketing	15,832			14,096		46,740		41,489
	Repairs and maintenance	9,417			8,547		27,939		24,764
	Management and incentive fees	10,813			9,172		27,961		24,080
	Utilities and insurance	8,730			7,906		24,601		21,467
	Franchise fees	2,200			2,031		6,441		5,870
	Other expenses	460			456		1,277		1,141
	Total other indirect expenses	$	69,722		$	62,121	$	199,924	$	175,045
Schedule of Hotels Owned	'
	As of September 30, 2014, LHL leased all 44 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		Hotel Vitale	San Francisco, CA
	11		Serrano Hotel	San Francisco, CA
	12		Villa Florence	San Francisco, CA
	13		Chaminade Resort and Conference Center	Santa Cruz, CA
	14		Viceroy Santa Monica	Santa Monica, CA
	15		Chamberlain West Hollywood	West Hollywood, CA
	16		Le Montrose Suite Hotel	West Hollywood, CA
	17		Le Parc Suite Hotel	West Hollywood, CA
	18		The Grafton on Sunset	West Hollywood, CA
	19		Donovan House	Washington, D.C.
	20		Hotel George	Washington, D.C.
	21		Hotel Helix	Washington, D.C.
	22		Hotel Madera	Washington, D.C.
	23		Hotel Palomar, Washington, DC	Washington, D.C.
	24		Hotel Rouge	Washington, D.C.
	25		Sofitel Washington, DC Lafayette Square	Washington, D.C.
	26		The Liaison Capitol Hill	Washington, D.C.
	27		Topaz Hotel	Washington, D.C.
	28		Southernmost Hotel Collection	Key West, FL
	29		Hotel Chicago	Chicago, IL
	30		Westin Michigan Avenue	Chicago, IL
	31		Indianapolis Marriott Downtown	Indianapolis, IN
	32		Hyatt Boston Harbor	Boston, MA
	33		Onyx Hotel	Boston, MA
	34		The Liberty Hotel	Boston, MA
	35		Westin Copley Place	Boston, MA
	36		Gild Hall	New York, NY
	37		Hotel Roger Williams	New York, NY
	38		Park Central Hotel (shared lease with WestHouse Hotel New York)	New York, NY
	39		WestHouse Hotel New York	New York, NY
	40		Embassy Suites Philadelphia - Center City	Philadelphia, PA
	41		Westin Philadelphia	Philadelphia, PA
	42		Lansdowne Resort	Lansdowne,VA
	43		Alexis Hotel	Seattle, WA
	44		Hotel Deca	Seattle, WA

Income_Taxes_Tables

Income Taxes (Tables)	9 Months Ended
	Sep. 30, 2014
Income Tax Disclosure [Abstract]	'
Summary of Income Tax Expense	'
	Income tax expense was comprised of the following for the three and nine months ended September 30, 2014 and 2013:
		For the three months ended					For the nine months ended
		September 30,					September 30,
		2014		2013			2014		2013
	LHL’s income tax expense	$	2,824	$	2,567		$	746	$	1,922
	Operating Partnership's income tax expense (benefit)	173		(3		)	742		559
	Total income tax expense	$	2,997	$	2,564		$	1,488	$	2,481

Fair_Value_Measurements_Fair_V

Fair Value Measurements Fair Value Measurements (Tables)	9 Months Ended
	Sep. 30, 2014
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-14			31-Dec-13
				Using Significant Other Observable
				Inputs (Level 2)
	Description		Consolidated Balance Sheet Location
	Derivative interest rate instruments		Prepaid expenses and other assets	$	3,192		$	4,616
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, 2014 and December 31, 2013:
		September 30, 2014						December 31, 2013
		Carrying Value			Estimated Fair Value			Carrying Value		Estimated Fair Value
	Note receivable	$	0		$	0		$	71,014	$	71,014
	Borrowings under credit facilities	$	158,000		$	158,180		$	220,606	$	220,957
	Term loans	$	477,500		$	476,967		$	477,500	$	477,053
	Bonds payable	$	42,500		$	42,500		$	42,500	$	42,500
	Mortgage loans	$	502,257		$	511,428		$	514,456	$	522,788

Earnings_Per_Common_Share_Tabl

Earnings Per Common Share (Tables)	9 Months Ended
	Sep. 30, 2014
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,
		2014			2013			2014			2013
	Numerator:
	Net income attributable to common shareholders	$	98,164		$	28,534		$	174,802		$	56,329
	Dividends paid on unvested restricted shares	(101		)	(103		)	(304		)	(250		)
	Undistributed earnings attributable to unvested restricted shares	(153		)	(6		)	(201		)	0
	Net income attributable to common shareholders excluding amounts attributable to unvested restricted shares	$	97,910		$	28,425		$	174,297		$	56,079
	Denominator:
	Weighted average number of common shares - basic	103,798,853			95,890,474			103,730,007			95,510,088
	Effect of dilutive securities:
	Compensation-related shares	334,700			191,866			329,023			171,675
	Weighted average number of common shares - diluted	104,133,553			96,082,340			104,059,030			95,681,763
	Earnings per Common Share - Basic:
	Net income attributable to common shareholders excluding amounts attributable to unvested restricted shares	$	0.94		$	0.3		$	1.68		$	0.59
	Earnings per Common Share - Diluted:
	Net income attributable to common shareholders excluding amounts attributable to unvested restricted shares	$	0.94		$	0.3		$	1.67		$	0.59

Supplemental_Information_To_St1

Supplemental Information To Statements Of Cash Flows (Tables)	9 Months Ended
	Sep. 30, 2014
Supplemental Cash Flow Information [Abstract]	'
Supplemental Information To Statements Of Cash Flows	'
		For the nine months ended
		September 30,
		2014			2013
	Interest paid, net of capitalized interest	$	41,715		$	41,388
	Interest capitalized	128			521
	Income taxes paid, net	894			1,311
	Increase in distributions payable on common shares	9,944			7,887
	Decrease in distributions payable on preferred shares	(1,064		)	(59		)
	Write-off of fully depreciated furniture, fixtures and equipment	0			7,888
	Write-off of fully amortized deferred financing costs	273			203
	(Decrease) increase in accrued capital expenditures	(2,341		)	2,671
	Grant of nonvested shares and awards to employees and executives, net	6,921			4,957
	Issuance of common shares for Board of Trustees compensation	602			277
	In conjunction with the sale of properties, the Company disposed of
	the following assets and liabilities:
	Investment in properties, net of closing costs	$	167,921		$	0
	Other assets	1,397			0
	Liabilities	-1,480			0
	Sale of properties	$	167,838		$	0
	In conjunction with the acquisition of properties, the Company assumed
	the following assets and liabilities:
	Investment in properties (after credits at closing)	$	(129,916	)	$	(349,802	)
	Other assets	(1,033		)	(2,509		)
	Liabilities	3,947			50,176
	Acquisition of properties	$	(127,002	)	$	(302,135	)

Subsequent_Events_Tables

Subsequent Events (Tables)	9 Months Ended
	Sep. 30, 2014
Subsequent Events [Abstract]	'
Components Of Common And Preferred Share Dividends	'
	The Company paid the following common and preferred dividends subsequent to September 30, 2014:
		Dividend per		For the Quarter	Record	Payable
	Security Type	Share/Unit (1)		Ended	Date	Date
	Common Shares/Units	$	0.38	September 30, 2014	September 30, 2014	October 15, 2014
	7 ½% Series H Preferred Shares	$	0.47	September 30, 2014	October 1, 2014	October 15, 2014
	6 ⅜% Series I Preferred Shares	$	0.4	September 30, 2014	October 1, 2014	October 15, 2014
	(1)Amounts are rounded to the nearest whole cent for presentation purposes.

Organization_Details

Organization (Details)	9 Months Ended
	Sep. 30, 2014
	Hotels
	Guest_Rooms
	States
Organization [Abstract]	'
Number of hotels	44
Number of guest rooms	11,100
Number of states in which hotels located	9
LHL leases expiration dates	'between December 2014 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

Summary_of_Significant_Account2

Summary of Significant Accounting Policies (Narrative) (Details) (2014 Plan [Member])	9 Months Ended
	Sep. 30, 2014
2014 Plan [Member]	'
Significant Accounting Policies [Line Items]	'
Remaining years	'9 years
Vesting period (in years)	'3 years

Investment_in_Hotel_Properties2

Investment in Hotel Properties Schedule of Investment in Hotel Properties (Details) (USD $)	Sep. 30, 2014	Dec. 31, 2013
In Thousands, unless otherwise specified
Investments [Abstract]	'	'
Land	$591,666	$602,697
Buildings and improvements	3,238,711	3,191,286
Furniture, fixtures and equipment	575,004	557,090
Investment in hotel properties, gross	4,405,381	4,351,073
Accumulated depreciation	-1,027,088	-967,885
Investment in hotel properties, net	$3,378,293	$3,383,188

Investment_in_Properties_Narra

Investment in Properties (Narrative) (Details) (USD $)	3 Months Ended		9 Months Ended
In Thousands, unless otherwise specified	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013	Dec. 31, 2013
Investment In Hotel Properties [Line Items]	'	'	'	'	'
Gain on sale of properties (Note 3)	$49,657	$0	$93,205	$0	'
Buildings and improvements	3,238,711	'	3,238,711	'	3,191,286
Real Estate Investment Property, Accumulated Depreciation	1,027,088	'	1,027,088	'	967,885
Depreciation	38,715	40,521	115,573	106,854	'
Capital Lease Assets [Member]	'	'	'	'	'
Investment In Hotel Properties [Line Items]	'	'	'	'	'
Buildings and improvements	186,711	'	186,711	'	186,711
Capital Lease Assets, Accumulated Depreciation [Member]	'	'	'	'	'
Investment In Hotel Properties [Line Items]	'	'	'	'	'
Real Estate Investment Property, Accumulated Depreciation	$14,161	'	$14,161	'	$10,104

Investment_in_Hotel_Properties3

Investment in Hotel Properties Acquisitions (Narrative) (Details) (USD $)

3 Months Ended

9 Months Ended

0 Months Ended

3 Months Ended

9 Months Ended

3 Months Ended

9 Months Ended

3 Months Ended

9 Months Ended

0 Months Ended

3 Months Ended

9 Months Ended

In Thousands, unless otherwise specified

Sep. 30, 2014

Sep. 30, 2013

Sep. 30, 2014

Sep. 30, 2013

Dec. 31, 2013

Apr. 30, 2014

Sep. 30, 2014

Sep. 30, 2014

Sep. 30, 2013

Sep. 30, 2013

Aug. 01, 2013

Sep. 30, 2013

Sep. 30, 2013

Aug. 01, 2013

Apr. 02, 2014

Sep. 30, 2014

Sep. 30, 2014

Hotels

Hotels

Onyx Hotel [Member]

Onyx Hotel [Member]

Onyx Hotel [Member]

Harbor Court Hotel [Member]

Harbor Court Hotel [Member]

Harbor Court Hotel [Member]

Hotel Triton [Member]

Hotel Triton [Member]

Hotel Triton [Member]

Hotel Vitale [Member]

Hotel Vitale [Member]

Hotel Vitale [Member]

Guest_Rooms

Guest_Rooms

Guest_Rooms

Guest_Rooms

Guest_Rooms

Business Acquisition [Line Items]

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Ownership Percent

'

100.00%

'

100.00%

'

'

'

'

'

'

'

'

'

'

100.00%

'

'

Number of Hotels Owned

'

4

'

4

'

'

'

'

'

'

'

'

'

'

'

'

'

Real Estate Investment Property, Net

$3,378,293

'

$3,378,293

'

$3,383,188

'

'

'

'

'

$54,563

'

'

$37,253

'

'

'

Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Property, Plant, and Equipment

'

'

'

'

'

'

'

'

'

'

736

'

'

1,399

'

'

'

Revenue from Owned Hotels

'

8,570

'

8,570

'

'

'

'

'

'

'

'

'

'

'

'

'

Loss from Owned Hotels

'

682

'

682

'

'

'

'

'

'

'

'

'

'

'

'

'

Business Acquisition, Effective Date of Acquisition

'

'

'

'

'

'

'

'

'

1-Aug-13

'

'

1-Aug-13

'

2-Apr-14

'

'

Number of Rooms Acquired

'

'

'

'

'

'

'

'

131

131

'

140

140

'

200

'

'

Business Combination, Consideration Transferred

'

'

'

303,775

'

'

'

'

'

36,875

'

'

10,900

'

130,000

'

'

Acquisition Transaction Costs

0

2,687

1,851

2,687

'

'

'

'

578

578

'

115

115

'

'

0

1,787

Payments to Acquire Land, Effective Date of Payment

'

'

'

'

'

30-Apr-14

'

'

'

'

'

'

'

'

'

'

'

Payments to Acquire Land

'

'

'

'

'

2,500

'

'

'

'

'

'

'

'

'

'

'

Acquired Land, Acquisition Transaction Costs

'

'

'

'

'

'

$0

$64

'

'

'

'

'

'

'

'

'

Investment_in_Hotel_Properties4

Investment in Hotel Properties Acquisitions (Details) (USD $)	3 Months Ended		9 Months Ended
In Thousands, unless otherwise specified	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013
Business Acquisition [Line Items]	'	'	'	'
Purchase Price	'	'	'	$303,775
Manager	'	'	'	'Kimpton Hotel & Restaurant Group, L.L.C. (1)	[1]
Acquisition Transaction Costs	0	2,687	1,851	2,687
Harbor Court Hotel [Member]	'	'	'	'
Business Acquisition [Line Items]	'	'	'	'
Acquisition Date	'	'	'	1-Aug-13
Number of Rooms	'	131	'	131
Location	'	'	'	'San Francisco, CA
Purchase Price	'	'	'	36,875
Manager	'	'	'	'Kimpton Hotel & Restaurant Group, L.L.C.
Acquisition Transaction Costs	'	578	'	578
Hotel Triton [Member]	'	'	'	'
Business Acquisition [Line Items]	'	'	'	'
Acquisition Date	'	'	'	1-Aug-13
Number of Rooms	'	140	'	140
Location	'	'	'	'San Francisco, CA
Purchase Price	'	'	'	10,900
Manager	'	'	'	'Kimpton Hotel & Restaurant Group, L.L.C.
Acquisition Transaction Costs	'	115	'	115
Serrano Hotel [Member]	'	'	'	'
Business Acquisition [Line Items]	'	'	'	'
Acquisition Date	'	'	'	21-Aug-13
Number of Rooms	'	236	'	236
Location	'	'	'	'San Francisco, CA
Purchase Price	'	'	'	71,500
Acquisition Transaction Costs	'	1,010	'	1,010
Southernmost Hotel Collection [Member]	'	'	'	'
Business Acquisition [Line Items]	'	'	'	'
Acquisition Date	'	'	'	27-Aug-13
Number of Rooms	'	260	'	260
Location	'	'	'	'Key West, FL
Purchase Price	'	'	'	184,500
Manager	'	'	'	'Highgate Hotels
Acquisition Transaction Costs	'	$984	'	$984
[1]	Effective January 29, 2014, management transitioned to Access Hotels & Resorts.

Investment_in_Hotel_Properties5

Investment in Hotel Properties Dispositions (Narrative) (Details) (USD $)

3 Months Ended

9 Months Ended

0 Months Ended

3 Months Ended

9 Months Ended

0 Months Ended

3 Months Ended

9 Months Ended

In Thousands, unless otherwise specified

Sep. 30, 2014

Sep. 30, 2013

Sep. 30, 2014

Sep. 30, 2013

Apr. 02, 2014

Sep. 10, 2014

Jun. 17, 2014

Sep. 30, 2014

Sep. 30, 2014

Sep. 10, 2014

Sep. 30, 2014

Sep. 30, 2014

Hotel Vitale [Member]

Hilton Alexandria Old Town [Member]

Hilton Alexandria Old Town [Member]

Hilton Alexandria Old Town [Member]

Hilton Alexandria Old Town [Member]

Hotel Viking [Member]

Hotel Viking [Member]

Hotel Viking [Member]

Long Lived Assets Held-for-sale [Line Items]

'

'

'

'

'

'

'

'

'

'

'

'

Disposals including Discontinued Operations, Effective Date of Disposal

'

'

'

'

'

'

17-Jun-14

'

'

10-Sep-14

'

'

Proceeds from sale of properties

'

'

$167,838

$0

'

$77,000

$93,380

'

'

'

'

'

Gain on sale of properties (Note 3)

$49,657

$0

$93,205

$0

'

'

'

$0

$43,548

'

$49,657

$49,657

Business Acquisition, Effective Date of Acquisition

'

'

'

'

2-Apr-14

'

'

'

'

'

'

'

Investment_in_Hotel_Properties6

Investment in Hotel Properties Note Receivable (Narrative) (Details) (USD $)	0 Months Ended	9 Months Ended
In Thousands, unless otherwise specified	Feb. 10, 2014	Sep. 30, 2014	Sep. 30, 2013
Investments [Abstract]	'	'	'
Repayment of note receivable	$72,000	$72,000	$0

Investment_in_Hotel_Properties7

Investment in Hotel Properties Condensed Pro Forma Financial Information (Narrative) (Details)	Sep. 30, 2014	Dec. 31, 2013	Oct. 25, 2013	31-May-13
Investments [Abstract]	'	'	'	'
Common shares, shares issued	104,088,536	103,963,828	7,705,000	721,706

Investment_in_Hotel_Properties8

Investment in Hotel Properties Condensed Pro Forma Financial Information (Schedule of Acquisitions) (Details)	9 Months Ended
	Sep. 30, 2013
Harbor Court Hotel [Member]	'
Business Acquisition, Pro Forma Information, Nonrecurring Adjustment [Line Items]	'
Acquisition Date	1-Aug-13
Hotel Triton [Member]	'
Business Acquisition, Pro Forma Information, Nonrecurring Adjustment [Line Items]	'
Acquisition Date	1-Aug-13
Serrano Hotel [Member]	'
Business Acquisition, Pro Forma Information, Nonrecurring Adjustment [Line Items]	'
Acquisition Date	21-Aug-13
Southernmost Hotel Collection [Member]	'
Business Acquisition, Pro Forma Information, Nonrecurring Adjustment [Line Items]	'
Acquisition Date	27-Aug-13

Condensed_Pro_Forma_Financial_

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, 2013
Investments [Abstract]	'	'
Total revenues	$279,155	$771,010
Net income	33,703	77,179
Net income attributable to common shareholders	$29,489	$62,084
Earnings per common share - basic	$0.28	$0.60
Earnings per common share - diluted	$0.28	$0.60
Weighted average number of common shares outstanding:	'	'
Basic	103,595,474	103,594,692
Diluted	103,787,340	103,766,368

Debt_Summary_Details

Debt Summary (Details) (USD $)

Sep. 30, 2014

Dec. 31, 2013

Sep. 30, 2014

Dec. 31, 2013

Jan. 08, 2014

Sep. 30, 2014

Dec. 31, 2013

Jan. 08, 2014

Sep. 30, 2014

Dec. 31, 2013

Sep. 30, 2014

Dec. 31, 2013

16-May-12

Sep. 30, 2014

Dec. 31, 2013

Jan. 08, 2014

Aug. 02, 2012

Sep. 30, 2014

Dec. 31, 2013

Sep. 30, 2014

Dec. 31, 2013

Sep. 30, 2014

Oct. 01, 2014

Dec. 31, 2013

Sep. 30, 2014

Oct. 01, 2014

Dec. 31, 2013

Sep. 30, 2014

Sep. 30, 2014

Sep. 30, 2014

Dec. 31, 2013

2-May-14

Sep. 30, 2014

1-May-14

Dec. 31, 2013

Sep. 30, 2014

Dec. 31, 2013

Sep. 30, 2014

Dec. 31, 2013

Sep. 30, 2014

Dec. 31, 2013

Sep. 30, 2014

Dec. 31, 2013

In Thousands, unless otherwise specified

Line of Credit [Member]

Line of Credit [Member]

Line of Credit [Member]

Line of Credit [Member]

Line of Credit [Member]

Line of Credit [Member]

Line of Credit [Member]

Line of Credit [Member]

Term Loan [Member]

Term Loan [Member]

Term Loan [Member]

Term Loan [Member]

Term Loan [Member]

Term Loan [Member]

Term Loan [Member]

Term Loan [Member]

Term Loan [Member]

Notes Payable, Other Payables [Member]

Notes Payable, Other Payables [Member]

Notes Payable, Other Payables [Member]

Notes Payable, Other Payables [Member]

Notes Payable, Other Payables [Member]

Notes Payable, Other Payables [Member]

Notes Payable, Other Payables [Member]

Notes Payable, Other Payables [Member]

Notes Payable, Other Payables [Member]

Notes Payable, Other Payables [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]

Mortgages [Member]

Senior Unsecured Credit Facility [Member]

Senior Unsecured Credit Facility [Member]

Senior Unsecured Credit Facility [Member]

LHL Unsecured Credit Facility [Member]

LHL Unsecured Credit Facility [Member]

LHL Unsecured Credit Facility [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]

Second Term Loan [Member]

Taxable Bond of Hyatt Boston Harbor [Member]

Taxable Bond of Hyatt Boston Harbor [Member]

Taxable Bond of Hyatt Boston Harbor [Member]

Tax Exempted Bond of Hyatt Boston Harbor [Member]

Tax Exempted Bond of Hyatt Boston Harbor [Member]

Tax Exempted Bond of Hyatt Boston Harbor [Member]

Massport Bonds [Member]

Massport Bonds [Member]

Hotel Deca [Member]

Hotel Deca [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]

extensions

extensions

extensions

Debt Instrument [Line Items]

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Line of Credit Facility, Interest Rate Description

'

'

'

'

'

'Floating

[1]

'

'

'Floating

[2]

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Credit facility maturity date

'

'

'

'

8-Jan-18

8-Jan-18

[1]

'

8-Jan-18

8-Jan-18

[2]

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

1-Sep-16

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Credit facilities

$158,000

$220,606

$158,000

$220,606

'

$158,000

$220,000

'

$0

$606

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Debt Instrument, Interest Rate Terms

'

'

'

'

'

'

'

'

'

'

'

'

'

'Floating

[3]

'

'

'

'Floating

[3]

'

'

'

'Floating

[4]

'

'

'Floating

[4]

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Debt maturity date

'

'

'

'

'

'

'

'

'

'

'

'

16-May-19

'

'

8-Jan-19

'

'

'

'

'

1-Mar-18

'

'

1-Mar-18

'

'

'

'

'

'

'

1-Aug-14

[5]

'

'

1-Sep-15

[6]

'

1-Apr-16

'

1-Jul-16

'

1-Aug-16

'

Term loans

477,500

477,500

'

'

'

'

'

'

'

'

477,500

477,500

177,500

177,500

177,500

300,000

'

300,000

300,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Massport Bonds

42,500

42,500

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

42,500

42,500

5,400

5,400

5,400

37,100

37,100

37,100

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Mortgage loans

'

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502,257

514,415

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0

8,703

8,809

210,000

210,000

133,856

135,315

97,876

98,875

60,525

61,416

Unamortized loan premium

0

41

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0

[7]

41

[7]

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41

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Total mortgage loans

502,257

514,456

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502,257

514,456

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Total debt

$1,180,257

$1,255,062

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Interest rate on variable rate debt

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1.86%

1.92%

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1.92%

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0.85%

0.12%

0.70%

0.40%

0.04%

0.40%

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Number of extension options

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2

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2

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2

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Extension option period

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'6 months

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'6 months

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'1 year

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Term loan, Duration

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'7 years

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'5 years

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Term loan, Swap Duration

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'5 years

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Derivative, Maturity Date

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2-Aug-17

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

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3.62%

3.62%

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2.38%

2.43%

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6.28%

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5.28%

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5.75%

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5.99%

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6.31%

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Line of Credit Annual Fees Percentage

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1.35%

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Repayment date of debt instrument

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1-May-14

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[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, 2014, the rate, including the applicable margin, for the Company’s outstanding LIBOR borrowings of $158,000 was 1.86%. As of December 31, 2013, the rate, including the applicable margin, for the Company's outstanding LIBOR borrowing of $220,000 was 1.92%. The Company has the option, pursuant to certain terms and conditions, to extend the maturity date for two six-month extensions.

[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, 2014. As of December 31, 2013, the rate, including the applicable margin, for LHL's outstanding LIBOR borrowings of $606 was 1.92%. LHL has the option, pursuant to certain terms and conditions, to extend the maturity date for two six-month extensions.

[3]

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 a five-year term ending in August 2017 for the Second Term Loan (as defined below), resulting in fixed all-in interest rates at September 30, 2014 of 3.62% and 2.38%, respectively, and at December 31, 2013 of 3.62% and 2.43%, respectively, at the Company's current leverage ratio (as defined in the swap agreements).

[4]

The Massport Bonds are secured by letters of credit issued by U.S. Bank National Association ("U.S. Bank"), effective September 30, 2014, that expire in September 2016, which replaced similar letters of credit held by the Royal Bank of Scotland. The letters of credit have two one-year extension options and are secured by the Hyatt Boston Harbor. The bonds bear interest based on weekly floating rates. The interest rates as of September 30, 2014 were 0.85% and 0.40% for the $5,400 and $37,100 bonds, respectively. The interest rates as of December 31, 2013 were 0.70% and 0.40% for the $5,400 and $37,100 bonds, respectively. Effective October 1, 2014, the interest rates under the U.S. Bank letters of credit are 0.12% and 0.04% for the $5,400 and $37,100 bonds, respectively. The Company also incurred 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 through September 29, 2014. Effective September 30, 2014, the Company incurs an annual letter of credit fee of 1.35%.

[5]

The Company repaid the mortgage loan on May 1, 2014 through borrowings under its senior unsecured credit facility.

[6]

The Company intends to repay the mortgage loan upon maturity through either borrowings on its credit facilities, placement of corporate-level debt or proceeds from a property-level mortgage financing.

[7]

Mortgage debt includes an unamortized loan premium on the mortgage loan on Hotel Deca of $41 as of December 31, 2013.

Debt_Summary_Schedule_of_Inter

Debt Summary (Schedule of Interest Expense and Weighted Average Interest Rates) (Details) (USD $)	3 Months Ended		9 Months Ended
In Thousands, unless otherwise specified	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013
Interest Expense: [Abstract]	'	'	'	'
Interest incurred	$14,003	$14,271	$41,545	$41,342
Amortization of deferred financing costs	545	556	1,626	1,696
Capitalized interest	-49	-90	-128	-521
Interest Expense	$14,499	$14,737	$43,043	$42,517
Senior Unsecured Credit Facility [Member] | Line of Credit [Member]	'	'	'	'
Interest Expense: [Abstract]	'	'	'	'
Weighted Average Interest Rates for Variable Rate Debt	1.90%	2.10%	1.90%	2.10%
LHL Unsecured Credit Facility [Member] | Line of Credit [Member]	'	'	'	'
Interest Expense: [Abstract]	'	'	'	'
Weighted Average Interest Rates for Variable Rate Debt	1.90%	1.20%	1.90%	2.00%
Massport Bonds [Member] | Notes Payable, Other Payables [Member]	'	'	'	'
Interest Expense: [Abstract]	'	'	'	'
Weighted Average Interest Rates for Variable Rate Debt	0.50%	0.20%	0.50%	0.20%

Credit_Facilities_Narrative_De

Credit Facilities (Narrative) (Details) (Line of Credit [Member], USD $)	0 Months Ended	9 Months Ended
In Thousands, unless otherwise specified	Jan. 08, 2014	Sep. 30, 2014
		extensions
Senior Unsecured Credit Facility [Member]	'	'
Debt Instrument [Line Items]	'	'
Maximum borrowing capacity under unsecured credit facility	$750,000	'
Credit facility maturity date	8-Jan-18	8-Jan-18	[1]
Line of Credit Facility Number of Extension Options	'	2
Extension option period	'	'6 months
Additional commitments	'	1,050,000
Senior Unsecured Credit Facility [Member] | Minimum [Member]	'	'
Debt Instrument [Line Items]	'	'
Variable unused commitment fee	'	0.25%
Senior Unsecured Credit Facility [Member] | Maximum [Member]	'	'
Debt Instrument [Line Items]	'	'
Variable unused commitment fee	'	0.30%
LHL Unsecured Credit Facility [Member]	'	'
Debt Instrument [Line Items]	'	'
Maximum borrowing capacity under unsecured credit facility	$25,000	'
Credit facility maturity date	8-Jan-18	8-Jan-18	[2]
Line of Credit Facility Number of Extension Options	'	2
Extension option period	'	'6 months
LHL Unsecured Credit Facility [Member] | Minimum [Member]	'	'
Debt Instrument [Line Items]	'	'
Variable unused commitment fee	'	0.25%
LHL Unsecured Credit Facility [Member] | Maximum [Member]	'	'
Debt Instrument [Line Items]	'	'
Variable unused commitment fee	'	0.30%
[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, 2014, the rate, including the applicable margin, for the Company’s outstanding LIBOR borrowings of $158,000 was 1.86%. As of December 31, 2013, the rate, including the applicable margin, for the Company's outstanding LIBOR borrowing of $220,000 was 1.92%. The Company has the option, pursuant to certain terms and conditions, to extend the maturity date for two six-month extensions.
[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, 2014. As of December 31, 2013, the rate, including the applicable margin, for LHL's outstanding LIBOR borrowings of $606 was 1.92%. LHL has the option, pursuant to certain terms and conditions, to extend the maturity date for two six-month extensions.

Term_Loans_Narrative_Details

Term Loans (Narrative) (Details) (USD $)	Sep. 30, 2014	Dec. 31, 2013	Sep. 30, 2014	Dec. 31, 2013	16-May-12	Sep. 30, 2014	Dec. 31, 2013	Jan. 08, 2014	Aug. 02, 2012	Sep. 30, 2014	Dec. 31, 2013
In Thousands, unless otherwise specified			Term Loan [Member]	Term Loan [Member]	Term Loan [Member]	Term Loan [Member]	Term Loan [Member]	Term Loan [Member]	Term Loan [Member]	Term Loan [Member]	Term Loan [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]	Second Term Loan [Member]
Debt Instrument [Line Items]	'	'	'	'	'	'	'	'	'	'	'
Unsecured Debt	$477,500	$477,500	$477,500	$477,500	$177,500	$177,500	$177,500	$300,000	'	$300,000	$300,000
Total lender commitments	'	'	'	'	'	'	'	'	'	$500,000	'
Term loan, Duration	'	'	'	'	'	'7 years	'	'	'	'5 years	'
Debt maturity date	'	'	'	'	16-May-19	'	'	8-Jan-19	'	'	'
Long-term Debt, Percentage Bearing Fixed Interest, Percentage Rate	'	'	'	'	'	3.62%	3.62%	'	'	2.38%	2.43%
Derivative, Maturity Date	'	'	'	'	'	'	'	'	2-Aug-17	'	'

Derivative_and_Hedging_Activit

Derivative and Hedging Activities (Narrative) (Details) (USD $)	9 Months Ended		0 Months Ended	9 Months Ended		9 Months Ended
In Thousands, unless otherwise specified	Sep. 30, 2014	Dec. 31, 2013	Aug. 02, 2012	Sep. 30, 2014	Dec. 31, 2013	Sep. 30, 2014	Dec. 31, 2013	Aug. 02, 2012	16-May-12
	First Term Loan [Member]	First Term Loan [Member]	Second Term Loan [Member]	Second Term Loan [Member]	Second Term Loan [Member]	Designated as Hedging Instrument [Member]	Designated as Hedging Instrument [Member]	Designated as Hedging Instrument [Member]	Designated as Hedging Instrument [Member]
	Term Loan [Member]	Term Loan [Member]	Term Loan [Member]	Term Loan [Member]	Term Loan [Member]	Interest Rate Swap [Member]	Interest Rate Swap [Member]	Interest Rate Swap [Member]	Interest Rate Swap [Member]
								agreement	agreement
Debt Instrument [Line Items]	'	'	'	'	'	'	'	'	'
Number of interest rate swap agreements	'	'	'	'	'	'	'	5	3
Derivative, Notional Amount	'	'	'	'	'	'	'	$300,000	$177,500
Term loan, Duration	'7 years	'	'	'5 years	'	'	'	'	'
Derivative, Maturity Date	'	'	2-Aug-17	'	'	'	'	'	'
Long-term Debt, Percentage Bearing Fixed Interest, Percentage Rate	3.62%	3.62%	'	2.38%	2.43%	'	'	'	'
Derivative change in fair value recorded in other comprehensive income (loss)	'	'	'	'	'	3,192	4,616	'	'
Unrealized gain (loss) included in accumulated other comprehensive income (loss)	'	'	'	'	'	3,183	4,603	'	'
Derivative change in fair value recorded in other comprehensive income (loss) attributable to noncontrolling interests	'	'	'	'	'	9	13	'	'
Amount reclassified from AOCI and noncontrolling interests and recognized as a redution to income in the next 12 months	'	'	'	'	'	$4,417	'	'	'

Derivative_and_Hedging_Activit1

Derivative and Hedging Activities (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, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013
Derivative Instruments, Gain (Loss) [Line Items]	'	'	'	'
Amount of (Loss) Gain Recognized in OCI on Derivative Instruments (Effective Portion)	$2,664	($2,345)	($1,424)	$10,255
Interest Expense [Member]	'	'	'	'
Derivative Instruments, Gain (Loss) [Line Items]	'	'	'	'
Amount of Loss Reclassified from AOCI into Income (Effective Portion)	$1,113	$1,072	$3,297	$3,153

LongTerm_Debt_Extinguishment_o

Long-Term Debt Extinguishment of Debt (Narrative) (Details) (USD $)	3 Months Ended		9 Months Ended
In Thousands, unless otherwise specified	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013
Long-term Debt, Other Disclosures [Abstract]	'	'	'	'
Loss from extinguishment of debt	$0	$0	$2,487	$0

LongTerm_Debt_Mortgage_Loans_D

Long-Term Debt Mortgage Loans (Details) (Mortgages [Member], USD $)	0 Months Ended	9 Months Ended
In Thousands, unless otherwise specified	2-May-14	Sep. 30, 2014		1-May-14	Dec. 31, 2013
Debt Instrument [Line Items]	'	'		'	'
Debt Instrument, Face Amount	'	$502,257		'	$514,415
Hotel Deca [Member]	'	'		'	'
Debt Instrument [Line Items]	'	'		'	'
Repayment date of debt instrument	1-May-14	'		'	'
Debt Instrument, Face Amount	'	$0		$8,703	$8,809
Debt Instrument, Maturity Date	'	1-Aug-14	[1]	'	'
[1]	The Company repaid the mortgage loan on May 1, 2014 through borrowings under its senior unsecured credit facility.

Ground_Land_And_Building_And_A

Ground, Land And Building, And Air Rights Leases (Narrative) (Details) (USD $)	3 Months Ended		9 Months Ended
In Thousands, unless otherwise specified	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013
			ground_lease
			Hotels
Commitments And Contingencies [Line Items]	'	'	'	'
Number of hotels subject to ground leases under non-cancelable operating leases	'	'	8	'
Lease expiration date	'	'	1-Jan-45	'
Number of ground leases that expire prior to 2045	'	'	0	'
Ground rent	$4,279	$3,249	$11,019	$8,535
Minimum [Member]	'	'	'	'
Commitments And Contingencies [Line Items]	'	'	'	'
Lease expiration date	'	'	1-Mar-26	'
Maximum [Member]	'	'	'	'
Commitments And Contingencies [Line Items]	'	'	'	'
Lease expiration date	'	'	1-Dec-02	'
Southernmost Hotel Collection [Member]	'	'	'	'
Commitments And Contingencies [Line Items]	'	'	'	'
Lease expiration date	'	'	1-Apr-19	'
Harborside Hyatt Conference Center & Hotel [Member]	'	'	'	'
Commitments And Contingencies [Line Items]	'	'	'	'
Lease expiration date	'	'	1-Mar-26	'
Lease extension period (in years)	'	'	'50 years	'
Extended Lease Expiration Date	'	'	'2077	'
Westin Copley Place [Member]	'	'	'	'
Commitments And Contingencies [Line Items]	'	'	'	'
Lease expiration date	'	'	1-Dec-77	'
Future ground rent payments per year	'	'	0	'
Indianapolis Marriott Downtown [Member]	'	'	'	'
Commitments And Contingencies [Line Items]	'	'	'	'
Future ground rent payments per year	'	'	1	'
Properties Subject to Straight-Line Rent [Member]	'	'	'	'
Commitments And Contingencies [Line Items]	'	'	'	'
Noncash straight-line rent expense	498	327	1,323	981
Hotel Roger Williams [Member]	'	'	'	'
Commitments And Contingencies [Line Items]	'	'	'	'
Lease expiration date	'	'	1-Dec-44	'
Present value of the remaining rent payments	4,892	'	4,892	'
Harbor Court Hotel [Member]	'	'	'	'
Commitments And Contingencies [Line Items]	'	'	'	'
Lease expiration date	'	'	1-Apr-48	'
Present value of the remaining rent payments	18,424	'	18,424	'
Hotel Triton [Member]	'	'	'	'
Commitments And Contingencies [Line Items]	'	'	'	'
Lease expiration date	'	'	1-Jan-48	'
Present value of the remaining rent payments	$27,752	'	$27,752	'

Schedule_of_Future_Minimum_Ren

Schedule of Future Minimum Rent Payments (Details) (USD $)	Sep. 30, 2014
In Thousands, unless otherwise specified
Commitments and Contingencies Disclosure [Abstract]	'
2014	$2,836
2015	11,552
2016	11,775
2017	12,044
2018	12,231
Thereafter	537,361
Operating leases, future minimum payments due, total	$587,799

Reserve_Funds_for_Future_Capit

Reserve Funds for Future Capital Expenditures (Narrative) (Details) (USD $)	Sep. 30, 2014	Dec. 31, 2013	Sep. 30, 2014	Sep. 30, 2014	Sep. 30, 2014
In Thousands, unless otherwise specified			Minimum [Member]	Maximum [Member]	Capital Expenditure [Member]
Commitments And Contingencies [Line Items]	'	'	'	'	'
Percentage of reserve funds provided by the company	'	'	4.00%	5.00%	'
Restricted cash reserves	$22,642	$19,724	'	'	$16,100

Recovered_Sheet1

Commitments and Contingencies Restricted Cash Reserves (Narrative) (Details) (USD $)	Sep. 30, 2014	Dec. 31, 2013
In Thousands, unless otherwise specified
Restricted Cash and Cash Equivalents Items [Line Items]	'	'
Restricted cash reserves	$22,642	$19,724
Capital Expenditure [Member]	'	'
Restricted Cash and Cash Equivalents Items [Line Items]	'	'
Restricted cash reserves	16,100	'
Operating Expenses and Debt Payments [Member]	'	'
Restricted Cash and Cash Equivalents Items [Line Items]	'	'
Restricted cash reserves	4,566	'
Refund Future Liabilities [Member]	'	'
Restricted Cash and Cash Equivalents Items [Line Items]	'	'
Restricted cash reserves	$1,976	'

Common_Shares_Of_Beneficial_In

Common Shares Of Beneficial Interest (Narrative) (Details) (USD $)	Sep. 30, 2014	Dec. 31, 2013	Oct. 25, 2013	31-May-13	Mar. 20, 2014	Jan. 22, 2014	Jan. 02, 2014	Sep. 30, 2014	Feb. 20, 2013	Jul. 03, 2014	Jan. 02, 2014
					2009 Plan [Member]	2009 Plan [Member]	2009 Plan [Member]	2013 Agreement [Member]	2013 Agreement [Member]	Nonvested Restricted Share Awards with Market or Performance Conditions [Member]	Nonvested Restricted Share Awards with Market or Performance Conditions [Member]
					Installments	Installments
Equity [Line Items]	'	'	'	'	'	'	'	'	'	'	'
Common shares, shares issued	104,088,536	103,963,828	7,705,000	721,706	'	9,385	13,948	'	'	'	'
Additional deferred shares issued	'	'	'	'	'	'	6,064	'	'	'	'
Number of nonvested shares earned	'	'	'	'	'	'	'	'	'	59,778	35,652
Deferred Shares Issued in Annual Installments	'	'	'	'	3	5	'	'	'	'	'
Issuance of nonvested shares with service conditions	'	'	'	'	77,564	'	'	'	'	'	'
Common shares of beneficial interest, potential available offereing price with aggregate gross proceeds	'	'	'	'	'	'	'	'	$250,000,000	'	'
Common shares of beneficial interest, potential offering price remaining	'	'	'	'	'	'	'	$230,057,000	'	'	'

Schedule_of_Common_Dividends_P

Schedule of Common Dividends Paid (Details) (USD $)	3 Months Ended						9 Months Ended
	Sep. 30, 2014		Jun. 30, 2014		Mar. 31, 2014		Sep. 30, 2014	Sep. 30, 2013
Stockholders' Equity Note [Abstract]	'		'		'		'	'
Dividend per Share/Unit	$0.38	[1]	$0.28	[1]	$0.28	[1]	$1.03	$0.68
For the Quarter Ended	30-Jun-14		31-Mar-14		31-Dec-13		'	'
Record Date	30-Jun-14		31-Mar-14		31-Dec-13		'	'
Payable Date	15-Jul-14		15-Apr-14		15-Jan-14		'	'
[1]	Amounts are rounded to the nearest whole cent for presentation purposes.

Treasury_Shares_Narrative_Deta

Treasury Shares (Narrative) (Details) (USD $)	0 Months Ended	9 Months Ended
	Aug. 29, 2011	Sep. 30, 2014
Equity [Line Items]	'	'
Treasury Stock, Shares, Acquired	'	91,394
Stock repurchase program, authorized	$100,000,000	'
Stock repurchase program, remaining authorized	'	$75,498,000
Issuance of shares of beneficial interest from treasury	'	71,619
Common shares held in treasury	'	20,285

Schedule_of_Preferred_Shares_O

Schedule of Preferred Shares Outstanding (Details)	Sep. 30, 2014	Dec. 31, 2013
Class of Stock [Line Items]	'	'
Number of Shares	7,150,000	9,498,888
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	'

Preferred_Shares_Narrative_Det

Preferred Shares (Narrative) (Details) (USD $)	9 Months Ended		12 Months Ended	9 Months Ended		0 Months Ended		9 Months Ended
In Thousands, except Share data, unless otherwise specified	Sep. 30, 2014	Sep. 30, 2013	Dec. 31, 2013	Sep. 30, 2014	Apr. 05, 2013	Jul. 03, 2014	Apr. 05, 2013	Sep. 30, 2014	Sep. 30, 2014	Sep. 30, 2014
				7 1/4% Series G Preferred Shares [Member]	7 1/4% Series G Preferred Shares [Member]	Series G Preferred Stock Redemption [Member]	Series G Preferred Stock 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]
Class of Stock [Line Items]	'	'	'	'	'	'	'	'	'	'
Cumulative Redeemable Preferred Shares, Stated Percentage	'	'	'	7.25%	'	'	'	'	7.50%	6.38%
Stock Redeemed or Called During Period, Shares	'	'	'	'	'	2,348,888	4,000,000	'	'	'
Preferred shares, shares outstanding	7,150,000	'	9,498,888	'	6,348,888	'	'	'	2,750,000	4,400,000
Redemption of preferred shares	$58,731	$100,000	'	'	'	$58,722	$100,000	'	'	'
Redeemable preferred stock redemption price per share	'	'	'	'	'	$25	$25	$25	'	'
Distributions payable	42,179	'	33,299	'	'	1,100	1,913	'	'	'
Offering costs	$76,416	'	$77,316	'	'	$951	$1,566	'	'	'
Preferred stock redeemable term (in days)	'	'	'	'	'	'	'	'120 days	'	'
Shares issued upon conversion	'	'	'	'	'	'	'	'	4,680,500	8,835,200

Schedule_of_Preferred_Dividend

Schedule of Preferred Dividends Paid (Details) (USD $)	3 Months Ended
	Sep. 30, 2014		Jun. 30, 2014		Mar. 31, 2014
Class of Stock [Line Items]	'		'		'
For the Quarter Ended	30-Jun-14		31-Mar-14		31-Dec-13
Record Date	30-Jun-14		31-Mar-14		31-Dec-13
Payable Date	15-Jul-14		15-Apr-14		15-Jan-14
7 1/4% Series G Preferred Shares [Member]	'		'		'
Class of Stock [Line Items]	'		'		'
Dividend per Share	0.47	[1],[2]	0.45	[1]	0.45	[1]
For the Quarter Ended	30-Jun-14		31-Mar-14		31-Dec-13
Record Date	1-Jul-14		1-Apr-14		1-Jan-14
Payable Date	3-Jul-14		15-Apr-14		15-Jan-14
7 1/2% Series H Preferred Shares [Member]	'		'		'
Class of Stock [Line Items]	'		'		'
Dividend per Share	0.47	[1]	0.47	[1]	0.47	[1]
For the Quarter Ended	30-Jun-14		31-Mar-14		31-Dec-13
Record Date	1-Jul-14		1-Apr-14		1-Jan-14
Payable Date	15-Jul-14		15-Apr-14		15-Jan-14
6 3/8% Series I Preferred Stock [Member]	'		'		'
Class of Stock [Line Items]	'		'		'
Dividend per Share	0.4	[1]	0.4	[1]	0.4	[1]
For the Quarter Ended	30-Jun-14		31-Mar-14		31-Dec-13
Record Date	1-Jul-14		1-Apr-14		1-Jan-14
Payable Date	15-Jul-14		15-Apr-14		15-Jan-14
[1]	Amounts are rounded to the nearest whole cent for presentation purposes.
[2]	Final dividend is through redemption date.

Noncontrolling_Interest_Of_Com

Noncontrolling Interest Of Common Units In Operating Partnership (Narrative) (Details) (USD $)	Sep. 30, 2014
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	$10,145
Closing common share price, per share	$34.24

Schedule_of_Effects_of_Changes

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, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013
Stockholders' Equity Note [Abstract]	'	'	'	'
Net income attributable to common shareholders	$98,164	$28,534	$174,802	$56,329
Increase in additional paid-in capital from adjustments to noncontrolling interests of common units in Operating Partnership	'	'	24	1
Change from net income attributable to common shareholders and adjustments to noncontrolling interests	'	'	$174,826	$56,330

Equity_Incentive_Narrative_Det

Equity Incentive (Narrative) (Details) (2014 Plan [Member])	9 Months Ended
	Sep. 30, 2014
2014 Plan [Member]	'
Equity Incentive Plan [Line Items]	'
Maximum common shares of beneficial interest to be issued	2,900,000
Common shares of beneficial interest to be issued per individual limit	500,000
Equity Plan Termination	17-Feb-24
Exercise price of share options as a percentage of fair market value, minimum	100.00%
Vesting period (in years)	'3 years
Common shares available for grant	2,898,666

Nonvested_Share_Awards_with_Se

Nonvested Share Awards with Service Conditions (Narrative) (Details) (USD $)	3 Months Ended		9 Months Ended		12 Months Ended
In Thousands, unless otherwise specified	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013	Dec. 31, 2013
Nonvested Share Awards with Service Conditions [Member]	'	'	'	'	'
Equity Incentive Plan [Line Items]	'	'	'	'	'
Unrecognized compensation costs	$5,186	'	$5,186	'	$5,160
Weighted-average recognized period (in years)	'	'	'1 year 10 months 24 days	'	'2 years 3 months 18 days
Total fair value of vested shares	0	4	5,602	8	'
Compensation costs	$740	$751	$2,220	$2,171	'
2014 Plan [Member]	'	'	'	'	'
Equity Incentive Plan [Line Items]	'	'	'	'	'
Vest period (in years)	'	'	'3 years	'	'

Nonvested_Share_Awards_with_Se1

Nonvested Share Awards with Service Conditions (Details) (Nonvested Share Awards with Service Conditions [Member], USD $)	9 Months Ended
	Sep. 30, 2014
Nonvested Share Awards with Service Conditions [Member]	'
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested [Roll Forward]	'
Nonvested, Number of Shares Beginning Balance	333,417
Nonvested, Weighted - Average Grant Date Fair Value Beginning Balance	$29.11
Number of Shares, Granted	77,564
Weighted- Average Grant Date Fair Value, Granted	$31.82
Number of Shares, Vested	-167,108
Weighted - Average Grant Date Fair Value, Vested	$28.53
Number of Shares, Forfeited	-3,751
Weighted - Average Grant Date Fair Value, Forfeited	$29.19
Nonvested, Number of Shares Ending Balance	240,122	[1]
Nonvested, Weighted - Average Grant Date Fair Value Ending Balance	$30.39
Shares awards with market conditions which were earned but nonvested	29,276
[1]	Amount excludes 29,276 share awards with market conditions which were earned but nonvested due to a service condition as of September 30, 2014.

Nonvested_Share_Awards_with_Ma

Nonvested Share Awards with Market or Performance Conditions (Narrative) (Details) (USD $)

0 Months Ended

3 Months Ended

9 Months Ended

12 Months Ended

In Thousands, except Share data, unless otherwise specified

Jul. 03, 2014

Mar. 20, 2014

Jan. 02, 2014

Jan. 26, 2011

Jan. 24, 2011

31-May-08

Sep. 30, 2014

Sep. 30, 2013

Sep. 30, 2014

Sep. 30, 2013

Dec. 31, 2013

Equity Incentive Plan [Line Items]

'

'

'

'

'

'

'

'

'

'

'

Distributions on earned shares from share awards with market conditions

'

'

'

'

'

'

'

'

($314)

($20)

'

Nonvested Restricted Share Awards with Market or Performance Conditions [Member]

'

'

'

'

'

'

'

'

'

'

'

Equity Incentive Plan [Line Items]

'

'

'

'

'

'

'

'

'

'

'

Number of Shares, Granted

'

71,967

'

35,920

8,925

50,000

'

'

131,745

[1]

'

'

Number Of Shares Earned As A Percentage Of Target Shares

119.60%

'

79.50%

'

'

'

'

'

'

'

'

Number of Shares Earned

59,778

'

35,652

'

'

'

'

'

'

'

'

Percentage of Target Shares

'

'

100.00%

'

'

'

'

'

'

'

'

Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Forfeited in Period

'

'

9,193

'

'

'

'

'

9,193

'

'

Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested in Period

'

'

'

'

'

'

'

'

100,472

'

'

Number of shares to be vested

'

'

'

'

'

'

311,625

'

311,625

'

289,545

Distributions on earned shares from share awards with market conditions

239

'

75

'

'

'

'

'

'

'

'

Performance Shares Outstanding

'

'

'

'

'

'

0

'

0

'

'

Unrecognized compensation costs

'

'

'

'

'

'

7,244

'

7,244

'

5,260

Weighted-average recognized period (in years)

'

'

'

'

'

'

'

'

'2 years 2 months 12 days

'

'2 years 2 months 12 days

Number of shares vested

'

'

'

'

'

'

254,415

'

254,415

'

153,943

Compensation costs

'

'

'

'

'

'

$924

$703

$2,578

$1,917

'

Nonvested Restricted Share Awards with Market or Performance Conditions [Member] | Performance Period July First Two Thousand Fourteen Through June Thirty Two Thousand Seventeen [Domain]

'

'

'

'

'

'

'

'

'

'

'

Equity Incentive Plan [Line Items]

'

'

'

'

'

'

'

'

'

'

'

Number of Shares, Granted

'

35,984

'

'

'

'

'

'

'

'

'

Nonvested Restricted Share Awards with Market or Performance Conditions [Member] | Performance Period January First Two Thousand Fourteen Through December Thirty First Two Thousand Sixteen [Member]

'

'

'

'

'

'

'

'

'

'

'

Equity Incentive Plan [Line Items]

'

'

'

'

'

'

'

'

'

'

'

Number of Shares, Granted

'

35,983

'

'

'

'

'

'

'

'

'

Nonvested Restricted Share due to Service Conditions [Member]

'

'

'

'

'

'

'

'

'

'

'

Equity Incentive Plan [Line Items]

'

'

'

'

'

'

'

'

'

'

'

Number of shares to be vested

'

'

'

'

'

'

29,276

'

29,276

'

34,318

Minimum [Member] | Nonvested Restricted Share Awards with Market or Performance Conditions [Member]

'

'

'

'

'

'

'

'

'

'

'

Equity Incentive Plan [Line Items]

'

'

'

'

'

'

'

'

'

'

'

Number Of Shares Earned As A Percentage Of Target Shares

'

0.00%

'

'

'

'

'

'

'

'

'

Maximum [Member] | Nonvested Restricted Share Awards with Market or Performance Conditions [Member]

'

'

'

'

'

'

'

'

'

'

'

Equity Incentive Plan [Line Items]

'

'

'

'

'

'

'

'

'

'

'

Number Of Shares Earned As A Percentage Of Target Shares

'

200.00%

'

'

'

'

'

'

'

'

'

Vesting Period One [Member] | Nonvested Restricted Share Awards with Market or Performance Conditions [Member]

'

'

'

'

'

'

'

'

'

'

'

Equity Incentive Plan [Line Items]

'

'

'

'

'

'

'

'

'

'

'

Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested in Period

'

'

11,885

'

'

'

'

'

'

'

'

Vesting Period Two [Member] | Nonvested Restricted Share Awards with Market or Performance Conditions [Member]

'

'

'

'

'

'

'

'

'

'

'

Equity Incentive Plan [Line Items]

'

'

'

'

'

'

'

'

'

'

'

Number of shares to be vested

'

'

'

'

'

'

23,767

'

23,767

'

'

[1]

Amount includes 50,000 shares from a May 2008 award agreement, for which fair value was determined at the beginning of the performance measurement period on July 1, 2014.

Equity_Incentive_Plan_Nonveste

Equity Incentive Plan Nonvested Share Awards with Market or Performance Conditions (Assumptions for Performance Measure) (Details) (USD $)	9 Months Ended
	Sep. 30, 2014
Performance Period January First Two Thousand Fourteen Through December Thirty First Two Thousand Sixteen [Member] | Target Amounts [Member]	'
Equity Incentive Plan [Line Items]	'
Volatility	33.70%
Interest Rates	0.90%
Fair Value of Components of Award	$31.94
Weighting of Total Awards	33.40%
Performance Period January First Two Thousand Fourteen Through December Thirty First Two Thousand Sixteen [Member] | Return on Invested Capital [Member]	'
Equity Incentive Plan [Line Items]	'
Fair Value of Components of Award	$31.82
Weighting of Total Awards	33.30%
Performance Period January First Two Thousand Fourteen Through December Thirty First Two Thousand Sixteen [Member] | Peer Companies [Member]	'
Equity Incentive Plan [Line Items]	'
Volatility	33.70%
Interest Rates	0.90%
Stock Beta	0.938
Fair Value of Components of Award	$31.02
Weighting of Total Awards	33.30%
Performance Period July First Two Thousand Fourteen Through June Thirty Two Thousand Seventeen [Domain] | Target Amounts [Member]	'
Equity Incentive Plan [Line Items]	'
Volatility	33.70%
Interest Rates	0.90%
Fair Value of Components of Award	$31.23
Weighting of Total Awards	33.40%
Performance Period July First Two Thousand Fourteen Through June Thirty Two Thousand Seventeen [Domain] | Return on Invested Capital [Member]	'
Equity Incentive Plan [Line Items]	'
Fair Value of Components of Award	$31.82
Weighting of Total Awards	33.30%
Performance Period July First Two Thousand Fourteen Through June Thirty Two Thousand Seventeen [Domain] | Peer Companies [Member]	'
Equity Incentive Plan [Line Items]	'
Volatility	33.70%
Interest Rates	0.90%
Stock Beta	0.938
Fair Value of Components of Award	$34.53
Weighting of Total Awards	33.30%

Nonvested_Share_Awards_with_Ma1

Nonvested Share Awards with Market or Performance Conditions (Summary of Nonvested Share Awards) (Details) (USD $)	0 Months Ended					9 Months Ended
	Mar. 20, 2014	Jan. 02, 2014	Jan. 26, 2011	Jan. 24, 2011	31-May-08	Sep. 30, 2014
Nonvested Share Awards with Market or Performance Conditions [Member]	'	'	'	'	'	'
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested [Roll Forward]	'	'	'	'	'	'
Nonvested, Number of Shares Beginning Balance	'	289,545	'	'	'	289,545
Nonvested, Weighted - Average Grant Date Fair Value Beginning Balance	'	$33.02	'	'	'	$33.02
Number of Shares, Granted	71,967	'	35,920	8,925	50,000	131,745	[1]
Weighted- Average Grant Date Fair Value, Granted	'	'	'	'	'	$34.52
Number of Shares, Vested	'	'	'	'	'	-100,472
Weighted - Average Grant Date Fair Value, Vested	'	'	'	'	'	$32.46
Number of Shares, Forfeited	'	-9,193	'	'	'	-9,193
Weighted - Average Grant Date Fair Value, Forfeited	'	'	'	'	'	($40.17)
Nonvested, Number of Shares Ending Balance	'	'	'	'	'	311,625
Nonvested, Weighted - Average Grant Date Fair Value Ending Balance	'	'	'	'	'	$33.62
Performance Period July First Two Thousand Fourteen Through June Thirty Two Thousand Seventeen [Domain | Nonvested Share Awards with Market or Performance Conditions [Member]	'	'	'	'	'	'
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested [Roll Forward]	'	'	'	'	'	'
Number of Shares, Granted	35,984	'	'	'	'	'
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]	Amount includes 50,000 shares from a May 2008 award agreement, for which fair value was determined at the beginning of the performance measurement period on July 1, 2014.

Schedule_of_Other_Indirect_Hot

Schedule of Other Indirect Hotel Operating Expenses (Details) (USD $)	3 Months Ended		9 Months Ended
In Thousands, unless otherwise specified	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013
	Hotels		Hotels
Statement [Line Items]	'	'	'	'
General and administrative	$6,278	$5,513	$17,804	$16,224
Other expenses	573	1,749	6,830	3,918
Total other indirect expenses	69,722	62,121	199,924	175,045
Number of hotels	44	'	44	'
LHL [Member]	'	'	'	'
Statement [Line Items]	'	'	'	'
General and administrative	22,270	19,913	64,965	56,234
Sales and marketing	15,832	14,096	46,740	41,489
Repairs and maintenance	9,417	8,547	27,939	24,764
Management and incentive fees	10,813	9,172	27,961	24,080
Utilities and insurance	8,730	7,906	24,601	21,467
Franchise fees	2,200	2,031	6,441	5,870
Other expenses	460	456	1,277	1,141
Total other indirect expenses	$69,722	$62,121	$199,924	$175,045
Number of hotels	44	'	44	'

Schedule_of_Income_Tax_Expense

Schedule of Income Tax Expense (Benefit) (Details) (USD $)	3 Months Ended		9 Months Ended
In Thousands, unless otherwise specified	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013
Schedule of Income Tax [Line Items]	'	'	'	'
Total income tax expense (benefit)	$2,997	$2,564	$1,488	$2,481
LHL's income tax expense [Member]	'	'	'	'
Schedule of Income Tax [Line Items]	'	'	'	'
Total income tax expense (benefit)	2,824	2,567	746	1,922
Operating Partnership's income tax expense (benefit) [Member]	'	'	'	'
Schedule of Income Tax [Line Items]	'	'	'	'
Total income tax expense (benefit)	$173	($3)	$742	$559

Income_Taxes_Income_Taxes_Narr

Income Taxes Income Taxes (Narrative) (Details) (USD $)	3 Months Ended		9 Months Ended
In Thousands, unless otherwise specified	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013
Investments, Owned, Federal Income Tax Note [Line Items]	'	'	'	'
Income before income tax expense	$54,852	$35,312	$95,892	$73,905
LHL [Member]	'	'	'	'
Investments, Owned, Federal Income Tax Note [Line Items]	'	'	'	'
Federal and State Effective Tax Rate	'	'	31.00%	'
Income before income tax expense	'	'	$2,272	'

Schedule_of_Assets_and_Liabili

Schedule of Assets and Liabilities Measured at Fair Value on a Recurring Basis (Details) (USD $)	Sep. 30, 2014	Dec. 31, 2013
In Thousands, unless otherwise specified
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]	'	'
Derivative interest rate instruments	$3,192	$4,616

Schedule_of_Fair_Value_and_Car

Schedule of Fair Value and Carrying Value of Financial Instruments (Details) (Fair Value, Inputs, Level 2 [Member], USD $)	Sep. 30, 2014	Dec. 31, 2013
In Thousands, unless otherwise specified
Carrying Value [Member]	'	'
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]	'	'
Note receivable	$0	$71,014
Borrowings under credit facilities	158,000	220,606
Term loans	477,500	477,500
Bonds payable	42,500	42,500
Mortgage loans	502,257	514,456
Estimated Fair Value [Member]	'	'
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]	'	'
Note receivable	0	71,014
Borrowings under credit facilities	158,180	220,957
Term loans	476,967	477,053
Bonds payable	42,500	42,500
Mortgage loans	$511,428	$522,788

Fair_Value_Measurements_Financ

Fair Value Measurements Financial Instruments Not Measured at Fair Value (Narrative) (Details)	Sep. 30, 2014	Dec. 31, 2013
Fair Value Disclosures [Abstract]	'	'
Weighted average effective interest rate	2.90%	3.10%

Schedule_of_Computation_of_Bas

Schedule of 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, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013
Numerator:	'	'	'	'
Net income attributable to common shareholders	$98,164	$28,534	$174,802	$56,329
Dividends paid on unvested restricted shares	-101	-103	-304	-250
Undistributed earnings attributable to unvested restricted shares	-153	-6	-201	0
Net income attributable to common shareholders excluding amounts attributable to unvested restricted shares	$97,910	$28,425	$174,297	$56,079
Denominator:	'	'	'	'
Weighted average number of common shares - basic	103,798,853	95,890,474	103,730,007	95,510,088
Compensation-related shares	334,700	191,866	329,023	171,675
Weighted average number of common shares - diluted	104,133,553	96,082,340	104,059,030	95,681,763
Earnings per Common Share - Basic:	'	'	'	'
Net income attributable to common shareholders excluding amounts attributable to unvested restricted shares	$0.94	$0.30	$1.68	$0.59
Earnings per Common Share - Diluted:	'	'	'	'
Net income attributable to common shareholders excluding amounts attributable to unvested restricted shares	$0.94	$0.30	$1.67	$0.59

Schedule_of_Supplemental_Infor

Schedule of Supplemental Information to Statements of Cash Flows (Details) (USD $)	9 Months Ended
In Thousands, unless otherwise specified	Sep. 30, 2014	Sep. 30, 2013
Supplemental Cash Flow Information [Abstract]	'	'
Interest paid, net of capitalized interest	$41,715	$41,388
Interest capitalized	128	521
Income taxes paid, net	894	1,311
Increase in distributions payable on common shares	9,944	7,887
Decrease in distributions payable on preferred shares	-1,064	-59
Write off of fully depreciated furniture, fixtures and equipment	0	7,888
Write-off of fully amortized deferred financing costs	273	203
(Decrease) increase in accrued capital expenditures	-2,341	2,671
Grant of nonvested shares and awards to employees and executives, net	6,921	4,957
Issuance of common shares for Board of Trustees compensation	602	277
Investment in properties, net of closing costs	167,921	0
Other assets	1,397	0
Liabilities	-1,480	0
Sale of properties	167,838	0
Investment in properties (after credits at closing)	-129,916	-349,802
Other assets	-1,033	-2,509
Liabilities	3,947	50,176
Acquisition of properties	($127,002)	($302,135)

Schedule_of_Common_and_Preferr

Schedule of Common and Preferred Subsequent Events Dividends (Details) (USD $)

3 Months Ended

9 Months Ended

3 Months Ended

Sep. 30, 2014

Jun. 30, 2014

Mar. 31, 2014

Sep. 30, 2014

Sep. 30, 2013

Sep. 30, 2014

Jun. 30, 2014

Mar. 31, 2014

Sep. 30, 2014

Jun. 30, 2014

Mar. 31, 2014

Sep. 30, 2014

Jun. 30, 2014

Mar. 31, 2014

Dec. 31, 2014

Dec. 31, 2014

Dec. 31, 2014

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]

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

Subsequent Event [Member]

Subsequent Event [Member]

Subsequent Event [Member]

Common Shares of Beneficial Interest [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

$0.38

[1]

$0.28

[1]

$0.28

[1]

$1.03

$0.68

'

'

'

'

'

'

'

'

'

$0.38

[1]

'

'

Preferred Dividend per Share/Unit

'

'

'

'

'

$0.47

[1],[2]

$0.45

[1]

$0.45

[1]

$0.47

[1]

$0.47

[1]

$0.47

[1]

$0.40

[1]

$0.40

[1]

$0.40

[1]

'

$0.47

[1]

$0.40

[1]

For the Quarter Ended

30-Jun-14

31-Mar-14

31-Dec-13

'

'

30-Jun-14

31-Mar-14

31-Dec-13

30-Jun-14

31-Mar-14

31-Dec-13

30-Jun-14

31-Mar-14

31-Dec-13

30-Sep-14

30-Sep-14

30-Sep-14

Record Date

30-Jun-14

31-Mar-14

31-Dec-13

'

'

1-Jul-14

1-Apr-14

1-Jan-14

1-Jul-14

1-Apr-14

1-Jan-14

1-Jul-14

1-Apr-14

1-Jan-14

30-Sep-14

1-Oct-14

1-Oct-14

Payable Date

15-Jul-14

15-Apr-14

15-Jan-14

'

'

3-Jul-14

15-Apr-14

15-Jan-14

15-Jul-14

15-Apr-14

15-Jan-14

15-Jul-14

15-Apr-14

15-Jan-14

15-Oct-14

15-Oct-14

15-Oct-14

[1]

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

[2]

Final dividend is through redemption date.