Lasalle Hotel Properties (LHO) 10-K 18 Feb 15 2014 FY Annual report Financial data

Document_And_Entity_Informatio

Document And Entity Information (USD $)	12 Months Ended
In Billions, except Share data, unless otherwise specified	Dec. 31, 2014	Feb. 11, 2015	Jun. 30, 2014
Document And Entity Information [Abstract]
Entity Registrant Name	LaSalle Hotel Properties
Entity Central Index Key	1053532
Current Fiscal Year End Date	-19
Entity Filer Category	Large Accelerated Filer
Document Type	10-K
Document Period End Date	31-Dec-14
Document Fiscal Year Focus	2014
Document Fiscal Period Focus	FY
Amendment Flag	FALSE
Entity Common Stock, Shares Outstanding		112,913,426
Entity Well-known Seasoned Issuer	Yes
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Public Float			$3.70

Consolidated_Balance_Sheets

Consolidated Balance Sheets (USD $)	Dec. 31, 2014	Dec. 31, 2013
In Thousands, unless otherwise specified
Assets:
Investment in hotel properties, net (Note 3)	$3,428,556	$3,383,188
Note receivable (net of unamortized discount of zero and $986, respectively) (Note 3)	0	71,014
Property under development (Note 3)	35,613	15,394
Cash and cash equivalents	114,131	13,388
Restricted cash reserves (Note 5)	21,570	19,724
Hotel receivables (net of allowance for doubtful accounts of $300 and $344, respectively)	30,338	30,661
Deferred financing costs, net	6,564	6,050
Deferred tax assets (Note 9)	1,447	1,497
Prepaid expenses and other assets	61,730	40,122
Total assets	3,699,949	3,581,038
Liabilities:
Borrowings under credit facilities (Note 4)	0	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)	501,090	514,456
Accounts payable and accrued expenses	161,835	161,085
Advance deposits	19,447	18,301
Accrued interest	3,729	3,828
Distributions payable	45,462	33,299
Total liabilities	1,251,563	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; 112,828,536 shares issued and 112,824,508 shares outstanding, respectively, and 103,963,828 shares issued and 103,963,318 shares outstanding, respectively (Note 6)	1,127	1,039
Treasury shares, at cost (Note 6)	-138	-14
Additional paid-in capital, net of offering costs of $80,124 and $77,316, respectively	2,673,888	2,379,246
Accumulated other comprehensive income (Note 4)	748	4,603
Distributions in excess of retained earnings	-233,988	-281,578
Total shareholders’ equity	2,441,709	2,103,391
Noncontrolling Interests:
Noncontrolling interests in consolidated entities	17	18
Noncontrolling interests of common units in Operating Partnership (Note 6)	6,660	6,054
Total noncontrolling interests	6,677	6,072
Total equity	2,448,386	2,109,463
Total liabilities and equity	$3,699,949	$3,581,038

Consolidated_Balance_Sheets_Pa

Consolidated Balance Sheets (Parenthetical) (USD $)	12 Months Ended
In Thousands, except Share data, unless otherwise specified	Dec. 31, 2014	Dec. 31, 2013
Statement of Financial Position [Abstract]
Unamortized discount on note receivable	$0	$986
Allowance for doubtful accounts	300	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	112,828,536	103,963,828
Common shares, shares outstanding	112,824,508	103,963,318
Offering costs	$80,124	$77,316

Consolidated_Statements_Of_Ope

Consolidated Statements Of Operations and Comprehensive Income (USD $)	12 Months Ended
In Thousands, except Share data, unless otherwise specified	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Hotel operating revenues:
Room	$773,801	$667,444	$595,330
Food and beverage	253,656	238,682	210,306
Other operating department	74,000	63,230	56,510
Total hotel operating revenues	1,101,457	969,356	862,146
Other income	8,321	7,937	4,929
Total revenues	1,109,778	977,293	867,075
Hotel operating expenses:
Room	196,952	170,555	150,564
Food and beverage	183,530	165,855	149,894
Other direct	23,800	22,445	20,778
Other indirect (Note 8)	264,508	237,386	212,001
Total hotel operating expenses	668,790	596,241	533,237
Depreciation and amortization	155,035	143,991	124,363
Real estate taxes, personal property taxes and insurance	57,805	53,374	44,551
Ground rent (Note 5)	14,667	11,117	8,588
General and administrative	23,832	22,001	19,769
Acquisition transaction costs (Note 3)	2,379	2,646	4,498
Other expenses	7,369	9,361	3,017
Total operating expenses	929,877	838,731	738,023
Operating income	179,901	138,562	129,052
Interest income	1,812	9,679	4,483
Interest expense	-56,628	-57,516	-52,896
Loss from extinguishment of debt (Note 4)	-2,487	0	0
Income before income tax expense	122,598	90,725	80,639
Income tax expense (Note 9)	-2,306	-470	-9,062
Income before gain on sale of properties	120,292	90,255	71,577
Gain on sale of properties (Note 3)	93,205	0	0
Net income	213,497	90,255	71,577
Net income attributable to noncontrolling interests:
Noncontrolling interests in consolidated entities	-16	-17	0
Noncontrolling interests of common units in Operating Partnership (Note 6)	-636	-303	-281
Net income attributable to noncontrolling interests	-652	-320	-281
Net income attributable to the Company	212,845	89,935	71,296
Distributions to preferred shareholders	-14,333	-17,385	-21,733
Issuance costs of redeemed preferred shares (Note 6)	-951	-1,566	-4,417
Net income attributable to common shareholders	197,561	70,984	45,146
Earnings per Common Share - Basic:
Net income attributable to common shareholders excluding amounts attributable to unvested restricted shares	$1.89	$0.73	$0.52
Earnings per Common Share - Diluted:
Net income attributable to common shareholders excluding amounts attributable to unvested restricted shares	$1.88	$0.73	$0.52
Weighted average number of common shares outstanding:
Basic (in shares)	104,188,785	97,041,484	85,757,969
Diluted (in shares)	104,545,895	97,228,671	85,897,274
Comprehensive Income:
Net income	213,497	90,255	71,577
Other comprehensive income (loss):
Unrealized gain (loss) on interest rate derivative instruments (Note 4)	544	8,127	-9,833
Reclassification adjustment for amounts recognized in net income (Note 4)	-4,410	4,248	2,074
Comprehensive income	209,631	102,630	63,818
Comprehensive income attributable to noncontrolling interests:
Noncontrolling interests in consolidated entities	-16	-17	0
Noncontrolling interests of common units in Operating Partnership (Note 6)	-625	-340	-257
Comprehensive income attributable to noncontrolling interests	-641	-357	-257
Comprehensive income attributable to the Company	$208,990	$102,273	$63,561

Consolidated_Statements_Of_Equ

Consolidated Statements Of Equity (USD $)	Total	Total Shareholders' Equity [Member]	Preferred Shares of Beneficial Interest [Member]	Common Shares of Beneficial Interest [Member]	Treasury Shares [Member]	Additional Paid-In Capital [Member]	Accumulated Other Comprehensive Income (Loss) [Member]	Distributions in Excess of Retained Earnings [Member]	Total Noncontrolling Interests [Member]	Noncontrolling Interests in Consolidated Entities [Member]	Noncontrolling Interests of Common Units in Operating Partnership [Member]
In Thousands, unless otherwise specified
Balance, Beginning of year at Dec. 31, 2011	$1,771,243	$1,765,613	$158	$851	($24,543)	$2,029,145	$0	($239,998)	$5,630	$17	$5,613
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Issuance of shares, net of offering costs	273,411	273,411	0	103	22,847	250,461	0	0	0	0	0
Redemption of preferred shares	-166,750	-166,750	-67	0	0	-162,266	0	-4,417	0	0	0
Repurchase of common shares into treasury	-2,122	-2,122	0	0	-2,122	0	0	0	0	0	0
Options exercised	74	74	0	0	0	74	0	0	0	0	0
Adjustments to issuance of units	-746	0	0	0	0	0	0	0	-746	0	-746
Deferred compensation, net	5,096	5,096	0	1	2,932	2,163	0	0	0	0	0
Contribution from noncontrolling interest	17	0	0	0	0	0	0	0	17	17	0
Adjustments to noncontrolling interests	0	-872	0	0	0	-872	0	0	872	0	872
Distributions on earned shares from share awards with market conditions	-56	-56	0	0	0	0	0	-56	0	0	0
Distributions on common shares/units ($0.71, $0.96 and $1.41 per share/unit, respectively)	-63,306	-63,096	0	0	0	0	0	-63,096	-210	0	-210
Distributions on preferred shares	-21,749	-21,733	0	0	0	0	0	-21,733	-16	-16	0
Net income	71,577	71,296	0	0	0	0	0	71,296	281	0	281
Other comprehensive income (loss):
Unrealized gain (loss) on interest rate derivative instruments	-9,833	-9,803	0	0	0	0	-9,803	0	-30	0	-30
Reclassification adjustment for amounts recognized in net income	2,074	2,068	0	0	0	0	2,068	0	6	0	6
Balance, End 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	354,512	354,512	44	84	262	354,122	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	5,639	5,639	0	0	613	5,026	0	0	0	0	0
Adjustments to noncontrolling interests	0	-213	0	0	0	-213	0	0	213	0	213
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 ($0.71, $0.96 and $1.41 per share/unit, respectively)	-94,823	-94,538	0	0	0	0	0	-94,538	-285	0	-285
Distributions on preferred shares	-17,402	-17,385	0	0	0	0	0	-17,385	-17	-17	0
Net income	90,255	89,935	0	0	0	0	0	89,935	320	17	303
Other comprehensive income (loss):
Unrealized gain (loss) on interest rate derivative instruments	8,127	8,103	0	0	0	0	8,103	0	24	0	24
Reclassification adjustment for amounts recognized in net income	4,248	4,235	0	0	0	0	4,235	0	13	0	13
Balance, End 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	349,075	349,075	0	88	0	348,987	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	6,621	6,621	0	0	2,812	3,809	0	0	0	0	0
Adjustments to noncontrolling interests	0	-397	0	0	0	-397	0	0	397	0	397
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 ($0.71, $0.96 and $1.41 per share/unit, respectively)	-150,073	-149,657	0	0	0	0	0	-149,657	-416	0	-416
Distributions on preferred shares	-14,350	-14,333	0	0	0	0	0	-14,333	-17	-17	0
Net income	213,497	212,845	0	0	0	0	0	212,845	652	16	636
Other comprehensive income (loss):
Unrealized gain (loss) on interest rate derivative instruments	544	542	0	0	0	0	542	0	2	0	2
Reclassification adjustment for amounts recognized in net income	-4,410	-4,397	0	0	0	0	-4,397	0	-13	0	-13
Balance, End of year at Dec. 31, 2014	$2,448,386	$2,441,709	$72	$1,127	($138)	$2,673,888	$748	($233,988)	$6,677	$17	$6,660

Consolidated_Statements_Of_Equ1

Consolidated Statements Of Equity (Parenthetical) (USD $)	3 Months Ended								12 Months Ended
	Dec. 31, 2014		Sep. 30, 2014		Jun. 30, 2014		Mar. 31, 2014		Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Statement of Stockholders' Equity [Abstract]
Distributions on common shares/units (per share/unit)	$0.38	[1]	$0.38	[1]	$0.28	[1]	$0.28	[1]	$1.41	$0.96	$0.71
[1]	Amounts are rounded to the nearest whole cent for presentation purposes.

Consolidated_Statements_Of_Cas

Consolidated Statements Of Cash Flows (USD $)	12 Months Ended
In Thousands, unless otherwise specified	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Cash flows from operating activities:
Net income	$213,497	$90,255	$71,577
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	155,035	143,991	124,363
Amortization of deferred financing costs, mortgage premium and note receivable discount	1,142	-348	764
Loss from extinguishment of debt	2,487	0	0
Gain on sale of properties	-93,205	0	0
Amortization of deferred compensation	6,621	5,639	5,096
Deferred income tax expense (benefit)	50	-211	3,964
Allowance for doubtful accounts	-44	-1	24
Other	404	449	0
Changes in assets and liabilities:
Restricted cash reserves	-912	157	-1,235
Hotel receivables	-177	-1,987	-4,290
Prepaid expenses and other assets	-940	-8,277	68
Accounts payable and accrued expenses	-1,966	16,633	12,416
Advance deposits	1,343	-244	2,790
Accrued interest	-99	-491	827
Net cash provided by operating activities	283,236	245,565	216,364
Cash flows from investing activities:
Additions to properties	-97,526	-58,077	-61,702
Improvements to properties	-4,583	-61,662	-9,433
Acquisition of properties	-191,111	-302,135	-386,615
Deposit on acquisition	-25,000	0	0
Purchase of office furniture and equipment	-799	-47	-68
Acquisition of note receivable	0	0	-67,416
Repayment of note receivable	72,000	0	0
Restricted cash reserves	-934	-967	790
Proceeds from sale of properties	167,838	0	0
Property insurance proceeds	2,114	843	290
Net cash used in investing activities	-78,001	-422,045	-524,154
Cash flows from financing activities:
Borrowings under credit facilities	537,828	478,332	403,858
Repayments under credit facilities	-758,434	-410,726	-515,858
Borrowings on term loans	0	0	477,500
Repayments of mortgage loans	-13,325	-64,687	-64,600
Payment of deferred financing costs	-5,170	-68	-4,175
Contribution from noncontrolling interest	0	0	17
Purchase of treasury shares	-2,936	-3	-2,122
Proceeds from exercise of stock options	0	0	74
Proceeds from issuance of preferred shares	0	110,000	0
Payment of preferred offering costs	0	-3,648	0
Proceeds from issuance of common shares	352,222	251,478	282,826
Payment of common offering costs	-3,557	-3,759	-9,745
Distributions on earned shares from share awards with market conditions	-314	-20	-56
Redemption of preferred shares	-58,722	-100,000	-166,750
Distributions on preferred shares	-15,413	-17,460	-24,985
Distributions on common shares/units	-136,671	-84,661	-53,329
Net cash (used in) provided by financing activities	-104,492	154,778	322,655
Net change in cash and cash equivalents	100,743	-21,702	14,865
Cash and cash equivalents, beginning of year	13,388	35,090	20,225
Cash and cash equivalents, end of year	$114,131	$13,388	$35,090

Organization

Organization	12 Months Ended
	Dec. 31, 2014
Organization, Consolidation and Presentation of Financial Statements [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 December 31, 2014, the Company owned interests in 45 hotels with approximately 11,300 guest rooms located in 10 states and the District of Columbia. Each hotel is leased to LHL (see Note 8) under a participating lease that provides for rental payments equal to the greater of (i) a base rent or (ii) a participating rent based on hotel revenues. The LHL leases expire between December 2015 and December 2017. Lease revenue from LHL is eliminated in consolidation. A third-party non-affiliated hotel operator manages each hotel pursuant to a hotel management agreement.
	Substantially all of the Company’s assets are held directly or indirectly by, and all of its operations are conducted through, LaSalle Hotel Operating Partnership, L.P. (the “Operating Partnership”). The Company is the sole general partner of the Operating Partnership. The Company owned, through a combination of direct and indirect interests, 99.7% of the common units of the Operating Partnership at December 31, 2014. The remaining 0.3% is held by limited partners who held 296,300 common units of the Operating Partnership at December 31, 2014. See Note 6 for additional disclosures related to common units of the Operating Partnership.

Summary_Of_Significant_Account

Summary Of Significant Accounting Policies	12 Months Ended
	Dec. 31, 2014
Accounting Policies [Abstract]
Summary of Significant Accounting Policies	Summary of Significant Accounting Policies
	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 U.S. generally accepted accounting principles (“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.
	Risks and Uncertainties
	The state of the overall economy can significantly impact hotel operational performance and thus, impact the Company’s financial position. Should any of the hotels experience a significant decline in operational performance, it may affect the Company’s ability to make distributions to its shareholders, service debt or meet other financial obligations.
	Investment in Hotel Properties
	Upon acquisition, the Company determines the fair value of the acquired long-lived assets, assumed debt and intangible assets and liabilities. The Company’s investments in hotel properties are carried at cost and depreciated using the straight-line method over an estimated useful life of 30 to 40 years for buildings, 15 years for building improvements, the shorter of the useful life of the improvement or the term of the related tenant lease for tenant improvements, 7 years for land improvements, 20 years for golf course land improvements, 20 years for swimming pool assets and 3 to 5 years for furniture, fixtures and equipment. For investments subject to land and building leases that qualify as capital leases, assets are recorded at the estimated fair value of the right to use the leased property at acquisition and depreciated over the shorter of the useful lives of the assets or the term of the respective lease. Renovations and/or replacements that improve or extend the life of the asset are capitalized and depreciated over their estimated useful lives.
	The Company is required to make subjective assessments as to the useful lives and classification of its properties for purposes of determining the amount of depreciation expense to reflect each year with respect to those properties. These assessments have a direct impact on the Company’s net income. Should the Company change the expected useful life or classification of particular assets, it would result in a change in depreciation expense and annual net income.
	The Company reviews each hotel for impairment at the end of each reporting period or as events and circumstances dictate throughout the year. A property is considered impaired when the sum of estimated future undiscounted cash flows over the estimated remaining holding period is less than the carrying amount of a property.
	At the end of each reporting period, the Company assesses whether any quantitative or qualitative triggering events have occurred in relation to a property. Examples of situations considered to be triggering events include:
	•	a substantial decline in operating cash flows during the period, including declines related to decreased occupancy, average daily rate or revenue per available room;
	•	a current or projected loss from operations;
	•	a significant cost accumulation above the original acquisition/development estimate;
	•	a change in plan to sell the property prior to the end of its useful life or holding period;
	•	a significant decrease in market price not in line with general market trends; and
	•	any other quantitative or qualitative events deemed significant by our management or our Board of Trustees.
	If the presence of one or more triggering events as described above is identified at the end of a reporting period or throughout the year with respect to a hotel, the Company performs a recoverability test. In doing so, an estimate of undiscounted future cash flows over the estimated remaining holding period is compared to the carrying amount of the hotel.
	Impairment is indicated if the results of a recoverability analysis indicate that the carrying amount of a hotel exceeds the estimated future undiscounted cash flows. Upon presentation to and discussion with the Board of Trustees, an impairment charge is recorded equal to the excess of the carrying value of the hotel over the fair value. When performing a recoverability test or estimating the fair value of a property, the Company makes certain assumptions including, but not limited to, consideration of:
	•	projected operating cash flows – considering factors such as booking pace, growth rates, occupancy, room rates, property-specific operating costs and future capital expenditures;
	•	projected cash flows from the eventual disposition of the hotel based upon our estimation of a property-specific capitalization rate;
	•	property-specific discount rates; and
	•	comparable selling prices.
	The Company considers a hotel as held for sale when a contract for sale is entered into, a substantial nonrefundable deposit has been received from the purchaser and sale is expected to occur within one year.
	Upon sale of a hotel, the Company determines its profit from the sale under the full accrual method provided the following applicable criteria are met: a sale is consummated; the buyer’s initial and continuing investments are adequate to demonstrate a commitment to pay for the property; the Company’s receivable, if applicable, is not subject to future subordination; the Company has transferred to the buyer the usual risks and rewards of ownership; and the Company does not have a substantial continuing involvement with the property. If all of these conditions are met, the Company will recognize the full profit on the sale.
	Intangible Assets
	The Company does not amortize intangible assets with indefinite useful lives. Non-amortizable intangible assets are reviewed annually for impairment and more frequently if events or circumstances indicate that the assets may be impaired. If a non-amortizable intangible asset is subsequently determined to have a finite useful life, the intangible asset will be written down to the lower of its fair value or carrying amount and then amortized prospectively, based on the remaining useful life of the intangible asset. As of December 31, 2014 and 2013, the Company did not have amortizable intangible assets or any value attributed to such non-amortizable intangible assets in the accompanying consolidated balance sheets.
	Derivatives and Hedging Activities
	In the normal course of business, the Company is exposed to the effects of interest rate changes. The Company limits the risks associated with interest rate changes by following established risk management policies and procedures which may include the use of derivative instruments. The Company formally documents all relationships between hedging instruments and hedged items, as well as its risk management objectives and strategies for undertaking various hedge transactions. The Company assesses, both at the inception of the hedge and on an ongoing basis, whether the derivatives that are used in hedging transactions are highly effective in offsetting changes in the cash flows of the hedged items. Instruments that meet these hedging criteria are formally designated as hedges at the inception of the derivative contract and are recorded on the balance sheet at fair value, with offsetting changes recorded to other comprehensive income (loss). Ineffective portions of changes in the fair value of a cash flow hedge are recognized as interest expense. The Company incorporates credit valuation adjustments to reflect both its own nonperformance risk and the respective counterparty’s nonperformance risk in the fair value measurements. The Company does not use derivatives for trading or speculative purposes and currently does not have any derivatives that are not designated as hedging instruments under the accounting requirements for derivatives and hedging.
	Cash and Cash Equivalents
	All highly liquid investments with a maturity of three months or less when purchased are considered to be cash equivalents.
	Restricted Cash Reserves
	The Company classifies certain cash balances as restricted cash reserves, including (i) reserve funds relating to the hotels with leases or operating agreements requiring the Company to maintain restricted cash to fund future capital expenditures, (ii) cash deposited in mortgage escrow accounts pursuant to mortgage obligations to pre-fund a portion of certain operating expenses and debt payments and (iii) cash held by insurance and management companies on the Company’s behalf to be refunded or applied to future liabilities.
	Deferred Financing Costs
	Financing costs related to long-term debt are recorded at cost and are amortized as interest expense over the life of the related debt instrument, unless there is a significant modification to the debt instrument. Accumulated amortization at December 31, 2014 and 2013 was $3,436 and $4,988, respectively.
	Revenue Recognition
	The Company recognizes hotel operating revenues on an accrual basis consistent with hotel operations. For retail operations, revenue is recognized on a straight line basis over the lives of the retail leases. Revenue from retail operations is included in other income in the accompanying consolidated statements of operations and comprehensive income.
	Participating Leases
	The participating leases have non-cancelable terms of three years (from commencement), subject to earlier termination upon the occurrence of certain contingencies, as defined. Each participating lease requires LHL to pay the Operating Partnership or subsidiary the greater of (i) base rent in a fixed amount or (ii) participating rent based on certain percentages of room revenue, food and beverage revenue, telephone revenue and other revenue at the applicable hotel. Participating rent applicable to room and other hotel revenues varies by lease and is calculated by multiplying fixed percentages by the total amounts of such revenues over specified quarterly threshold amounts. Both the base rent and the participating rent thresholds used in computing percentage rents applicable to room and other hotel revenues, including food and beverage revenues, are subject to annual adjustments based on increases in the United States Consumer Price Index published by the Bureau of Labor Statistics of the United States of America Department of Labor, U.S. City Average, Urban Wage Earners and Clerical Workers. Lease revenue from LHL is eliminated in consolidation.
	Share-Based Compensation
	From time to time, the Company awards nonvested 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 with service conditions or service and market conditions 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. Compensation expense for nonvested shares with service and performance conditions is recognized based on the fair value of the estimated number of shares expected to vest, as revised throughout the vesting period, adjusted for forfeitures. 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, revenues, expenses and net income or loss from less-than-wholly-owned subsidiaries are reported at the consolidated amounts, including both the amounts attributable to the Company and noncontrolling interests. Income or loss is allocated to noncontrolling interests based on their weighted average ownership percentage for the applicable period. Consolidated statements of equity include beginning balances, activity for the period and ending balances for shareholders’ equity, noncontrolling interests and total equity.
	However, the Company’s securities that are redeemable for cash or other assets at the option of the holder, not solely within the control of the issuer, must be classified outside of permanent equity. The Company makes this determination based on terms in applicable agreements, specifically in relation to redemption provisions. Additionally, with respect to noncontrolling interests for which the Company has a choice to settle the contract by delivery of its own shares, the Company evaluates whether the Company controls the actions or events necessary to issue the maximum number of shares that could be required to be delivered under share settlement of the contract.
	As of December 31, 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.
	Income Taxes
	The Company has elected to be taxed as a REIT under Sections 856 through 860 of the Code commencing with its taxable year ended December 31, 1998. To qualify as a REIT, the Company must meet a number of organizational and operational requirements, including a requirement that it currently distribute at least 90% of its adjusted taxable income to its shareholders. It is the Company’s current intention to adhere to these requirements and maintain the Company’s qualification for taxation as a REIT. As a REIT, the Company generally is not subject to federal corporate income tax on that portion of its net income that is currently distributed to shareholders. If the Company fails to qualify for taxation as a REIT in any taxable year, it will be subject to federal income taxes at regular corporate rates (including any applicable alternative minimum tax) and may not be able to qualify as a REIT for four subsequent taxable years. Even if the Company qualifies for taxation as a REIT, the Company may be subject to certain state and local taxes on its income and property, and to federal income and excise taxes on its undistributed taxable income. In addition, taxable income from non-REIT activities managed through a TRS is subject to federal, state and local income taxes. As a wholly owned TRS of the Company, LHL is required to pay income taxes at the applicable federal, state and local rates.
	Deferred tax assets and liabilities are recognized for the estimated future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases. Deferred tax assets and liabilities are measured using enacted tax rates in effect for the year in which those temporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities from a change in tax rates is recognized in earnings in the period when the new rate is enacted. However, deferred tax assets are recognized only to the extent that it is more likely than not that they will be realized based on consideration of available evidence, including future reversals of existing taxable temporary differences, future projected taxable income and tax planning strategies. The Company’s deferred tax assets balance consists primarily of state net operating loss carryforwards (see Note 9).
	Earnings per Common Share
	Basic earnings per common share is based on the weighted average number of common shares of beneficial interest outstanding during the year excluding the weighted average number of unvested restricted shares (“participating securities” as defined in Note 11). The basic earnings per share calculation excludes the effect of such participating securities. Diluted earnings per common share is based on the basic weighted average number of common shares of beneficial interest outstanding plus the effect of in-the-money stock options and compensation-related shares. Any anti-dilutive shares are excluded from the diluted earnings per share calculation.
	Comprehensive Income
	The purpose of reporting comprehensive income is to report a measure of all changes in equity of an entity that result from recognized transactions and other economic events of the period other than transactions with owners in their capacity as owners. Comprehensive income consists of all components of income, including other comprehensive income, which is excluded from net income. For the years ended December 31, 2014, 2013 and 2012, comprehensive income was $209,631, $102,630 and $63,818, respectively. As of December 31, 2014 and 2013, the Company’s accumulated other comprehensive income was $748 and $4,603, respectively.
	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 2012 and 2013 financial statements have been reclassified to conform with the 2014 presentation.

Investment_in_Properties

Investment in Properties

12 Months Ended

Dec. 31, 2014

Investments [Abstract]

Investment in Properties

Investment in Properties

Investment in hotel properties as of December 31, 2014 and 2013 consists of the following:

31-Dec-14

31-Dec-13

Land

$

601,962

$

602,697

Buildings and improvements

3,295,233

3,191,286

Furniture, fixtures and equipment

596,879

557,090

Investment in hotel properties, gross

4,494,074

4,351,073

Accumulated depreciation

(1,065,518

)

(967,885

)

Investment in hotel properties, net

$

3,428,556

$

3,383,188

As of December 31, 2014 and 2013, buildings and improvements included capital lease assets of $186,711 and accumulated depreciation included amounts related to capital lease assets of $15,513 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.

The December 31, 2014 balance of investment in hotel properties excludes $35,613 classified as property under development primarily at Hotel Chicago, Hotel Monaco San Francisco, Hyatt Boston Harbor, Sofitel Washington, DC Lafayette Square, Villa Florence, Westin Michigan Avenue and Westin Philadelphia. The December 31, 2013 balance of investment in hotel properties excludes $15,394 classified as property under development primarily at Hotel George, Hotel Chicago, Hilton Alexandria Old Town, Onyx Hotel, The Donovan and Park Central Hotel.

Interest, real estate taxes and insurance costs incurred during the renovation or development period are capitalized and depreciated over the lives of the renovated or developed assets. Capitalized interest for the years ended December 31, 2014, 2013 and 2012 was $400, $649 and $370, respectively.

The hotels owned as of December 31, 2014 are located in California (18), the District of Columbia (nine), Florida (one), Indiana (one), Illinois (two), Massachusetts (four), New York (four), Oregon (one), Pennsylvania (two), Virginia (one) and Washington state (two).

Investment in Joint Venture

On December 28, 2012, the Company, through a joint venture in which the Company holds a 99.99% controlling interest, acquired a majority ownership interest in The Liberty Hotel, a 298-room full-service, luxury hotel located in Boston, MA (see “Acquisitions” below). Since the Company holds a controlling interest, the accounts of the joint venture have been included in the accompanying consolidated financial statements. The 0.01% interest of the outside partner is included in noncontrolling interests in consolidated entities in the accompanying consolidated balance sheets.

Acquisitions

During 2012, the Company acquired 100% interests in two full-service hotels and a 99.99% interest in one full-service hotel, 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 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 year ended

Rooms

Price

31-Dec-12

Hotel Palomar, Washington, DC

March 8, 2012

335

Washington, DC

$

143,839

Kimpton Hotel & Restaurant Group, LLC

$

3,594

L’Auberge Del Mar

December 6, 2012

120

Del Mar, CA

76,860

Destination Hotels & Resorts

157

The Liberty Hotel

December 28, 2012

298

Boston, MA

170,000

HEI Hotels & Resorts

277

Total for 2012 Acquisitions

$

390,699

$

4,028

Viceroy Santa Monica (1)

100

Mezzanine loan (2)

370

Total

$

4,498

(1) In connection with the acquisition of Viceroy Santa Monica on March 6, 2011, the Company incurred acquisition costs

during the year ended December 31, 2012 related to the finalization of acquisition transactions.

(2) See “Note Receivable” below.

Total revenues and net income from the hotels acquired during 2012 of $26,647 and $2,368, respectively, are included in the accompanying consolidated statements of operations and comprehensive income for the year ended December 31, 2012.

During 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 year ended December 31, 2013

Rooms

Price

Harbor Court Hotel

1-Aug-13

131

San Francisco, CA

$

36,875

Kimpton Hotel & Restaurant Group, LLC

$

578

Hotel Triton

1-Aug-13

140

San Francisco, CA

10,900

Kimpton Hotel & Restaurant Group, LLC

115

Serrano Hotel

21-Aug-13

236

San Francisco, CA

71,500

Kimpton Hotel & Restaurant Group, LLC  (1)

1,010

Southernmost Hotel Collection

August 27, 2013

260

Key West, FL

184,500

Highgate Hotels

943

Total

$

303,775

$

2,646

(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 are included within investment in hotel properties, net, in the accompanying consolidated balance sheets as of December 31, 2013. Additionally, the Company recorded furniture, fixtures and equipment and inventory of $736 and $1,399 for Harbor Court Hotel and Hotel Triton, respectively, as part of the acquisitions.

The source of the funding for the 2013 acquisitions was borrowings under the Company’s senior unsecured credit facility. Total revenues and net income from the hotels acquired during 2013 of $26,591 and $2,683, respectively, are included in the accompanying consolidated statements of operations and comprehensive income for the year ended December 31, 2013.

During 2014, the Company acquired 100% interests in two 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 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 year ended December 31, 2014

Rooms

Price

Hotel Vitale

2-Apr-14

200

San Francisco, CA

$

130,000

Commune Hotels and Resorts

$

1,864

The Heathman Hotel

18-Dec-14

150

Portland, OR

64,325

JRK Hotel Group, Inc.

328

Total for 2014 Acquisitions

$

194,325

$

2,192

Land purchase (adjacent to Onyx Hotel)

64

Park Central San Francisco (1)

123

Total

$

2,379

(1) On January 23, 2015, the Company acquired The Westin Market Street in San Francisco, CA and renamed the hotel, Park

Central San Francisco (see Note 13).

The source of the funding for the April 2, 2014 acquisition was borrowings under the Company’s senior unsecured credit facility. The source of funding for the December 18, 2014 acquisition was cash on hand. Total revenues and net income from the hotels acquired during 2014 of $27,988 and $2,018, respectively, are included in the accompanying consolidated statements of operations and comprehensive income for the year ended December 31, 2014.

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.

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 generally 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 $43,548 related to the sale of this property, which is included in the accompanying consolidated statements of operations and comprehensive income for the year ended December 31, 2014. The sale of the property was recorded on the full accrual method.

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 year ended December 31, 2014. The sale of the property was recorded on the full accrual method. 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 July 13, 2012, the Company acquired a performing mezzanine loan secured by pledges of ownership interests of the entities that own the underlying hotel properties, Shutters on the Beach and Casa Del Mar, in Santa Monica, CA. The Company acquired the note at a discount of $4,584 for a total purchase price of $67,416 before closing costs. The loan bears interest at 9.76% with interest-only payments to be received monthly through the maturity date of May 11, 2014. The mezzanine loan is subordinate to a $310,000 first mortgage loan secured by the properties that also matures on May 11, 2014. In connection with the acquisition of the mezzanine loan, the Company incurred acquisition transaction costs of $370 during the year ended December 31, 2012, which expenses are included in the 2012 table above. On February 10, 2014, the Company received $72,000 in early repayment of the mezzanine loan. 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 (Unaudited)

The results of operations of acquired properties are included in the consolidated statements of operations and comprehensive income beginning on their respective acquisition dates. The following unaudited condensed pro forma financial information is presented as if the above described 2013 acquisitions had been consummated on January 1, 2012, the beginning of the reporting period prior to acquisition. In addition, for purposes of the unaudited 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 unaudited 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 unaudited condensed pro forma financial information is for comparative purposes only and not necessarily indicative of what actual results of operations of the Company would have been had the 2013 acquisitions been consummated on January 1, 2012, nor does it purport to represent the results of operations for future periods.

The unaudited condensed pro forma financial information for the year ended December 31, 2013 is as follows:

Year Ended December 31, 2013

Total revenues

$

1,023,017

Net income

$

95,881

Net income attributable to common shareholders

$

76,610

Earnings per common share - basic

$

0.74

Earnings per common share - diluted

$

0.73

Weighted average number of common shares outstanding:

Basic

103,594,955

Diluted

103,782,142

LongTerm_Debt

Long-Term Debt	12 Months Ended
	Dec. 31, 2014
Long-term Debt, Other Disclosures [Abstract]
Long-Term Debt	Long-Term Debt
	Debt Summary
	Debt as of December 31, 2014 and 2013 consisted of the following:
							Balance Outstanding as of
	Debt		Interest		Maturity		December 31,			December 31,
			Rate		Date		2014			2013
	Credit facilities
	Senior unsecured credit facility		Floating (a)		January 2018 (a)		$	0		$	220,000
	LHL unsecured credit facility		Floating (b)		January 2018 (b)		0			606
	Total borrowings under credit facilities						0			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		133,347			135,315
	Indianapolis Marriott Downtown		5.99%		Jul-16		97,528			98,875
	The Roger		6.31%		Aug-16		60,215			61,416
	Mortgage loans at stated value						501,090			514,415
	Unamortized loan premium (g)						0			41
	Total mortgage loans						501,090			514,456
	Total debt						$	1,021,090		$	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. There were no borrowings outstanding at December 31, 2014. 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 December 31, 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 December 31, 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 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 letters of credit cannot be extended beyond the Massport Bonds’ maturity date. The bonds bear interest based on weekly floating rates. The interest rates as of December 31, 2014 were 0.13% and 0.03% 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. The Company also incurred an annual letter of credit fee 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 on 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.
	Future scheduled debt principal payments as of December 31, 2014 are as follows:
	2015	$	214,796
	2016	286,294
	2017	0
	2018	42,500
	2019	477,500
	Total debt	$	1,021,090
	A summary of the Company’s interest expense and weighted average interest rates for variable rate debt for the years ended December 31, 2014, 2013 and 2012 is as follows:
		For the year ended December 31,
		2014				2013			2012
	Interest Expense:
	Interest incurred	$	54,859			$	55,912		$	51,351
	Amortization of deferred financing costs	2,169				2,253			1,915
	Capitalized interest	(400		)		(649		)	(370		)
	Interest expense	$	56,628			$	57,516		$	52,896
	Weighted Average Interest Rates for Variable Rate Debt:
	Senior unsecured credit facility	1.9		%		2.1		%	2.2		%
	LHL unsecured credit facility	1.9		%		2		%	2.1		%
	Massport Bonds	0.4		%		0.2		%	0.3		%
	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 December 31, 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 December 31, 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 December 31, 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 December 31, 2014. The Company has designated its pay-fixed, receive-floating interest rate swap derivatives as cash flow hedges. The interest rate swaps were entered into with the intention of eliminating the variability of the terms loans, but can also limit the exposure to any amendments, supplements, replacements or refinancings of the Company’s debt.
The following table presents the effect of derivative instruments on the Company’s accompanying 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 years ended December 31, 2014, 2013 and 2012:
		Amount of Gain (Loss) Recognized in OCI on Derivative Instruments										Location of (Loss) Gain Reclassified from AOCI into Income	Amount of (Loss) Gain Reclassified from AOCI into Income
		(Effective Portion)										(Effective Portion)	(Effective Portion)
		For the year ended											For the year ended
		December 31,											December 31,
		2014				2013			2012				2014			2013		2012
Derivatives in cash flow hedging relationships:
Interest rate swaps		$	544			$	8,127		$	(9,833	)	Interest expense	$	(4,410	)	$	4,248	$	2,074
During the years ended December 31, 2014, 2013 and 2012, the Company did not have any hedge ineffectiveness or amounts that were excluded from the assessment of hedge effectiveness recorded in earnings.
As of December 31, 2014 and 2013, there was $750 and $4,616 in cumulative unrealized gain, respectively, of which $748 and $4,603 was included in AOCI, respectively, and $2 and $13 was attributable to noncontrolling interests, respectively. The Company expects that approximately $4,399 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 December 31, 2014.
Bonds Payable
The Company is the obligor with respect to a $37,100 tax-exempt special project revenue bond and a $5,400 taxable special project revenue bond, both issued by the Massachusetts Port Authority (collectively, the “Massport Bonds”). The Massport Bonds, which mature on March 1, 2018, bear interest based on weekly floating rates and have no principal reductions prior to their scheduled maturities. The Massport Bonds may be redeemed at any time, at the Company’s option, without penalty. The Massport Bonds are secured by letters of credit issued by U.S. Bank, effective September 30, 2014, that expire on September 30, 2016, which replaced similar letters of credit held by the Royal Bank of Scotland. The letters of credit have two one-year extension options that the Company may exercise at its option, subject to certain terms and conditions. The letters of credit cannot be extended beyond the Massport Bonds’ maturity date. The Company 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, which is included in interest expense. Effective September 30, 2014, the Company incurs an annual letter of credit fee of 1.35%. The letters of credit are secured by the Hyatt Harbor Boston. If U.S. Bank fails to renew its letters of credit at expiration and an acceptable replacement provider cannot be found, the Company may be required to pay off the bonds.
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. 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 incurred when the original agreements were executed.
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 may automatically be directed to the lender to (i) satisfy required payments, (ii) fund certain reserves required by the mortgage and (iii) fund additional cash reserves for future required payments, including final payment. Cash flows may be directed to the lender (“cash trap”) until such time as the property again complies with the specified debt service coverage ratio or the mortgage is paid off.
Financial Covenants
Failure 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 December 31, 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	12 Months Ended
	Dec. 31, 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 $1,820, $1,305 and $454 for the years ended December 31, 2014, 2013 and 2012, respectively, which is included in total ground rent expense below.
	The Roger, 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 years ended December 31, 2014, 2013 and 2012 was $14,667, $11,117 and $8,588, 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:
	2015	$	11,552
	2016	11,775
	2017	12,044
	2018	12,231
	2019	12,206
	Thereafter	525,155
		$	584,963
	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 December 31, 2014, $14,197 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 December 31, 2014, the Company held $21,570 in restricted cash reserves. Included in such amounts are (i) $14,197 of reserve funds for future capital expenditures, (ii) $5,295 deposited in mortgage escrow accounts pursuant to mortgage obligations to pre-fund a portion of certain operating expenses and debt payments and (iii) $2,078 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

12 Months Ended

Dec. 31, 2014

Stockholders' Equity Note [Abstract]

Equity

Equity

Common Shares of Beneficial Interest

On April 19, 2007, the common shareholders approved an amendment to the Company’s Amended and Restated Declaration of Trust increasing the number of authorized common shares of beneficial interest from 100,000,000 to 200,000,000. Accordingly, at December 31, 2014 and 2013, there were 200,000,000 authorized common shares.

On January 1, 2013, the Company issued 10,332 common shares of beneficial interest and authorized an additional 7,921 deferred shares to the independent members of its Board of Trustees for their earned 2012 compensation pursuant to award arrangements existing on or before January 1, 2012. These common shares of beneficial interest were issued under the 2009 Plan.

On January 30, 2013, the Company issued 81,400 nonvested shares with service conditions to the Company’s executives and employees. The nonvested shares vest in three annual installments, starting January 1, 2014, subject to continued employment. These common shares of beneficial interest were issued under the 2009 Plan.

On February 20, 2013, the Company entered into an equity distribution agreement (the “2013 Agreement”) with Raymond James & Associates, Inc. (the “Manager”). Under the terms of the 2013 Agreement, the Company may issue from time to time through or to the Manager, as sales agent or principal, the Company’s common shares of beneficial interest with aggregate gross proceeds totaling up to $250,000. The 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. The 2013 Agreement replaced the equity distribution agreement the Company entered into on March 4, 2011. During the year ended December 31, 2013, the Company incurred offering costs of $197 related to executing and maintaining the 2013 Agreement.

From May 24, 2013 through May 31, 2013, the Company sold 721,706 common shares of beneficial interest, par value $0.01 per share, under the 2013 Agreement. After deducting the Manager’s discounts and commissions of $250, the Company raised net proceeds of $19,693. The net proceeds were used to pay down amounts outstanding under the Company’s senior unsecured credit facility, and for general corporate purposes. As of December 31, 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. The Company did not sell any common shares of beneficial interest under the 2013 Agreement in 2014.

On October 25, 2013, the Company completed an underwritten public offering of 7,705,000 common shares of beneficial interest, par value $0.01 per share, including the full exercise of the underwriters’ option to purchase additional shares. After deducting the underwriters’ discounts and commissions and other offering costs, the Company raised net proceeds of $228,387. The net proceeds were used to pay down amounts outstanding under the Company’s senior unsecured credit facility and under the LHL unsecured credit facility and for general corporate purposes.

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 December 12, 2014, the Company issued 16,257 nonvested shares with service conditions to the Company’s employees. The nonvested shares will vest in three annual installments starting January 1, 2016, subject to continued employment. These common shares of beneficial interest were issued under the 2014 Plan.

On December 12, 2014, the Company completed an underwritten public offering of 7,600,000 common shares of beneficial interest, par value $0.01 per share. On December 24, 2014, an additional 1,140,000 common shares of beneficial interest were issued pursuant to the full exercise of the underwriters’ option to purchase additional shares. After deducting the underwriters’ discounts and commissions and other offering costs, the Company raised net proceeds of $348,514. The net proceeds were used to fund the acquisition of The Heathman Hotel on December 18, 2014, to initially pay down amounts outstanding under the Company’s senior unsecured credit facility and under the LHL unsecured credit facility and to fund a portion of the acquisition of The Westin Market Street in San Francisco, CA (renamed Park Central San Francisco) on January 23, 2015 (see Note 13).

Common Dividends

The Company paid the following dividends on common shares/units during the year ended December 31, 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

31-Mar-14

31-Mar-14

15-Apr-14

$

0.38

30-Jun-14

30-Jun-14

15-Jul-14

$

0.38

30-Sep-14

30-Sep-14

15-Oct-14

(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 year ended December 31, 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 December 31, 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 year ended December 31, 2014, the Company re-issued 87,876 treasury shares related to the grants of nonvested shares.

At December 31, 2014, there were 4,028 common shares of beneficial interest in treasury.

Preferred Shares

On April 19, 2007, the common shareholders approved an amendment to the Company’s Amended and Restated Declaration of Trust increasing the number of authorized preferred shares of beneficial interest from 20,000,000 to 40,000,000. Accordingly, at December 31, 2014 and 2013, there were 40,000,000 authorized preferred shares.

On March 4, 2013, the Company issued 4,000,000 6 ⅜% Series I Cumulative Redeemable Preferred Shares ($0.01 par value) (“Series I Preferred Shares”) at a price of $25.00 per share and received net proceeds, after deducting underwriting discounts and other offering costs, of $96,667. On March 12, 2013, the underwriters exercised their rights to cover overallotments and purchased 400,000 additional Series I Preferred Shares, resulting in additional net proceeds to the Company of $9,685. The net proceeds were used to redeem a portion of the Company’s 7 ¼% Series G Cumulative Redeemable Preferred Shares (“Series G Preferred Shares”) on April 5, 2013, to pay down amounts outstanding under the Company’s senior unsecured credit facility and for general corporate purposes.

On April 5, 2013, the Company redeemed 4,000,000 of the 6,348,888 outstanding Series G Preferred Shares for $100,000 ($25.00 per share) plus accrued distributions through April 5, 2013 of $1,913. The redemption value of the Series G Preferred Shares exceeded their carrying value by $1,566, which is included in the determination of net income attributable to common shareholders for the year ended December 31, 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 year ended December 31, 2014. The $951 represents the offering costs related to the redeemed Series G Preferred Shares.

The following Preferred Shares were outstanding as of December 31, 2014:

Security Type

Number of

Shares

7 ½% Series H Preferred Shares

2,750,000

6 ⅜%  Series I Preferred Shares

4,400,000

The 7 ½% Series H Cumulative Redeemable Preferred Shares (“Series H Preferred Shares”) and the Series I Preferred Shares (collectively, the “Preferred Shares”) rank senior to the common shares of beneficial interest and on parity with each other with respect to payment of distributions; the Company will not pay any distributions, or set aside any funds for the payment of distributions, on its common shares of beneficial interest unless it has also paid (or set aside for payment) the full cumulative distributions on the Preferred Shares for the current and all past dividend periods 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 commons shares, respectively.

Preferred Dividends

The Company paid the following dividends on preferred shares during the year ended December 31, 2014:

Dividend per

For the

Security Type

Share (1)

Quarter Ended

Record Date

Payable Date

7 ¼% Series G

$

0.45

December 31, 2013

January 1, 2014

January 15, 2014

7 ½% Series H

$

0.47

December 31, 2013

January 1, 2014

January 15, 2014

6 ⅜% Series I

$

0.4

December 31, 2013

January 1, 2014

January 15, 2014

7 ¼% Series G

$

0.45

March 31, 2014

April 1, 2014

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

7 ½% Series H

$

0.47

September 30, 2014

October 1, 2014

October 15, 2014

6 ⅜% Series I

$

0.4

September 30, 2014

October 1, 2014

October 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 December 31, 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 December 31, 2014, approximately $11,991 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 $11,991 is based on the Company’s closing common share price of $40.47 on December 31, 2014, which is assumed to be equal to the value provided to the limited partners upon liquidation of the Operating Partnership. Subject to certain restrictions, the outstanding common units of limited partnership 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 year ended December 31,

2014

2013

2012

Net income attributable to common shareholders

$

197,561

$

70,984

$

45,146

Decrease in additional paid-in capital from adjustments to noncontrolling interests of common units in Operating Partnership

(397

)

(213

)

(872

)

Change from net income attributable to common shareholders and adjustments to noncontrolling interests

$

197,164

$

70,771

$

44,274

Equity_Incentive_Plan

Equity Incentive Plan	12 Months Ended
	Dec. 31, 2014
Class of Stock [Line Items]
Disclosure of Compensation Related Costs, Share-based Payments [Text Block]	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 December 31, 2014, there were 2,881,272 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 shares with service conditions as of December 31, 2014 is as follows:
		Number of		Weighted -
		Shares		Average Grant
				Date Fair Value
	Nonvested at January 1, 2014	333,417		$	29.11
	Granted	93,821		33.23
	Vested	(167,108	)	28.53
	Forfeited	(3,751	)	29.19
	Nonvested at December 31, 2014 (1)	256,379		$	31
	(1)	Amount excludes 29,276 share awards with market conditions which were earned but nonvested due to a service condition as of December 31, 2014.
	As of December 31, 2014 and 2013, there were $5,113 and $5,160, respectively, of total unrecognized compensation costs related to nonvested share awards with service conditions. As of December 31, 2014 and 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 years ended December 31, 2014, 2013 and 2012 was $5,602, $8 and $5,267, respectively. Compensation costs (net of forfeitures) related to nonvested share awards with service conditions that have been included in general and administrative expenses in the accompanying consolidated statements of operations and comprehensive income were $3,055, $2,959 and $3,090 for the years ended December 31, 2014, 2013 and 2012, respectively.
	Nonvested Share Awards with Market or Performance Conditions
	On May 31, 2008, the Company’s Board of Trustees entered into three Performance-Based Share Agreements (the “Share Agreements”), awarding 125,000 nonvested share awards with market conditions, in 25,000, 50,000 and 50,000 increments, of nonvested shares to an executive. The actual amounts of the shares awarded earned for each of the Share Agreements is based on the specified three-year performance measurement periods ending on July 1, 2011, 2014 and 2017, respectively. The actual amounts of the shares awarded are to range from 0% to 200% of the target amounts, depending on the performance analysis stipulated in the Share Agreements, and none of the shares are outstanding until issued in accordance with the Share Agreements.
	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.
	With respect to the remaining 50,000 shares with a performance measurement period ending on July 1, 2017, the fair value of these shares was estimated on July 1, 2014, the beginning of the performance measurement period.
	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. 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% 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 January 26, 2012, the Company’s Board of Trustees granted a target of 79,823 nonvested share awards with market conditions to executives. The actual amounts of the shares awarded will be determined on January 1, 2015, based on the performance measurement period of January 1, 2012 through December 31, 2014, in accordance with the terms of the award 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 award agreements, and none of the shares are outstanding until issued in accordance with the award agreements. After the actual amounts of the shares awarded are determined (or earned) on January 1, 2015, the earned shares will be issued and outstanding with a portion subject to further vesting based on continued employment. The executives will receive cash payments on the earned shares, including those subject to further vesting, equal to the value of all dividends paid on common shares from December 31, 2011 until the determination date, January 1, 2015. Such amounts will be paid to the executives on or about January 1, 2015 (see Note 13). Thereafter, the executives will be 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 January 30, 2013, the Company’s Board of Trustees granted a target of 80,559 nonvested share awards with either market or performance conditions to executives (the “January 30, 2013 Awards”). The actual amounts of the shares awarded with respect to 40,280 of the 80,559 shares will be determined on January 1, 2016, based on the performance measurement period of January 1, 2013 through December 31, 2015, in accordance with the terms of the award agreements. The actual amounts of the shares awarded with respect to the remaining 40,279 of the 80,559 shares will be determined on July 1, 2016, based on the performance measurement period of July 1, 2013 through June 30, 2016, in accordance with the terms of the award 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 award 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, 2016 and July 1, 2016, respectively. Thereafter, the executives will be entitled to receive dividends as declared and paid on the earned shares and to vote the shares. With respect to 40,280 shares, amortization commenced on January 30, 2013, the beginning of the requisite service period, and, with respect to 40,279 shares, amortization commenced on July 1, 2013, the beginning of the requisite service period.
	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 grant date fair values of the above described nonvested share awards with market conditions were determined by the Company using data under the Monte Carlo valuation method provided by a third-party consultant. The terms stipulated in the award agreements used to determine the total amount of the shares awarded for all awards granted prior to 2013 consist of the following three tranches: (1) a comparison of the Company’s “total return” (the increase in the market price of a Company’s common shares plus dividends declared thereon and assuming such dividends are reinvested as calculated by the FTSE NAREIT Equity Index) to the total return of the companies in the FTSE NAREIT Equity Index, (2) a comparison of the Company’s total return to the total returns’ of six companies in a designated peer group of the Company and (3) the Company’s actual performance as compared to a Board-established total return goal.
	For the January 30, 2013 Awards and the March 20, 2014 Awards, the nonvested awards consist of three tranches in each performance measurement period described above. Two of the tranches in the award agreements are nonvested share awards with market conditions, consistent with tranches described in (2) and (3) above, and were valued on the grant date via the methodology described above using a third-party consultant. The third tranche is based on “return on invested capital” discussed below, which is a performance condition. 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. As of December 31, 2014, a change in the Company’s estimate of probable outcome occurred for all the award tranches with performance conditions as the return on invested capital measurement assumptions (see below) was revised from 100% to 200% resulting in a cumulative adjustment to compensation cost.
	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
	May 31, 2008 Awards (performance period starting July 1, 2014)
	Target amounts	33.3	%	0.9	%	N/A	N/A	$	32.57	20	%
	NAREIT index	33.3	%	0.9	%	N/A	1.356	$	39.26	40	%
	Peer companies	33.3	%	0.9	%	N/A	0.908	$	38.15	40	%
	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	%
	January 30, 2013 Awards (performance period starting January 1, 2013)
	Target amounts	38.7	%	0.42	%	N/A	N/A	$	29.38	33.4	%
	Return on invested capital	N/A		N/A		N/A	N/A	$	27.2	33.3	%
	Peer companies	38.7	%	0.42	%	N/A	0.864	$	30.51	33.3	%
	January 30, 2013 Awards (performance period starting July 1, 2013)
	Target amounts	38.7	%	0.42	%	N/A	N/A	$	27.7	33.4	%
	Return on invested capital	N/A		N/A		N/A	N/A	$	27.2	33.3	%
	Peer companies	38.7	%	0.42	%	N/A	0.864	$	31.34	33.3	%
	January 26, 2012 Awards
	Target amounts	65.3	%	0.31	%	N/A	N/A	$	36.22	33.4	%
	NAREIT index	65.3	%	0.31	%	N/A	1.37	$	35.25	33.3	%
	Peer companies	65.3	%	0.31	%	N/A	0.911	$	35.33	33.3	%
	May 31, 2008 Awards (performance period starting July 1, 2011)
	Target amounts	83.3	%	0.85	%	N/A	N/A	$	37.64	20	%
	NAREIT index	83.3	%	0.85	%	N/A	1.318	$	36.27	40	%
	Peer companies	83.3	%	0.85	%	N/A	0.892	$	38.79	40	%
	January 24 and 26, 2011 Awards
	Target amounts	84.3	%	1.05	%	N/A	N/A	$	40.43	33.4	%
NAREIT index	84.3	%	1.05	%	N/A	1.3	$	38.85	33.3	%
Peer companies	84.3	%	1.05	%	N/A	0.898	$	41.24	33.3	%
May 31, 2008 Awards (performance period starting July 1, 2008)
Target amounts	30.8	%	2.9	%	N/A	N/A	$	24.81	20	%
NAREIT index	30.8	%	2.9	%	N/A	1.152	$	27.61	40	%
Peer companies	30.8	%	2.9	%	N/A	1.022	$	28	40	%
A summary of the Company’s restricted share awards with either market or performance conditions as of December 31, 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 December 31, 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 December 31, 2014 and 2013, there were $6,637 and $5,260, respectively, of total unrecognized compensation costs related to restricted share awards with market or performance conditions. As of December 31, 2014 and 2013, these costs were expected to be recognized over a weighted–average period of 2.0 and 2.2 years, respectively. As of December 31, 2014 and 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 December 31, 2014 and 2013, respectively. Compensation costs (net of forfeitures) related to nonvested share awards with market or performance conditions are included in general and administrative expenses in the accompanying consolidated statements of operations and comprehensive income were $3,567, $2,681 and $2,006 for the years ended December 31, 2014, 2013 and 2012, respectively.
Board of Trustees’ Compensation
The Company issues common shares of beneficial interest to the independent members of the Board of Trustees for at least half of their compensation in lieu of cash. The Trustees may elect to receive the remaining half in cash or additional common shares. All or a portion of the shares issued may be deferred. The Company issued an aggregate of 15,865, 20,012 and 18,253 shares, including 4,183, 6,064 and 7,921 deferred shares, related to the Trustees’ compensation for the years 2014, 2013 and 2012, respectively.

LHL

LHL	12 Months Ended
	Dec. 31, 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 year ended December 31,
		2014			2013		2012
	General and administrative	$	87,210		$	76,699	$	67,465
	Sales and marketing	61,249			55,752		49,803
	Repairs and maintenance	37,169			33,741		30,753
	Management and incentive fees	36,463			32,850		29,301
	Utilities and insurance	32,296			29,077		26,465
	Franchise fees	8,346			7,601		6,606
	Other expenses	1,775			1,666		1,608
	Total other indirect expenses	$	264,508		$	237,386	$	212,001
	As of December 31, 2014, LHL leased all 45 hotels owned by the Company as follows:
			Hotel Properties	Location
	1		Hotel Amarano Burbank	Burbank, CA
	2		L’Auberge Del Mar	Del Mar, CA
	3		Hilton San Diego Gaslamp Quarter	San Diego, CA
	4		Hotel Solamar	San Diego, CA
	5		San Diego Paradise Point Resort and Spa	San Diego, CA
	6		The Hilton San Diego Resort and Spa	San Diego, CA
	7		Harbor Court Hotel	San Francisco, CA
	8		Hotel Monaco San Francisco	San Francisco, CA
	9		Hotel Triton	San Francisco, CA
	10		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		The Donovan	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		The Roger	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		The Heathman Hotel	Portland, OR
	41		Embassy Suites Philadelphia - Center City	Philadelphia, PA
	42		Westin Philadelphia	Philadelphia, PA
	43		Lansdowne Resort	Lansdowne,VA
	44		Alexis Hotel	Seattle, WA
	45		Hotel Deca	Seattle, WA

Income_Taxes

Income Taxes	12 Months Ended
	Dec. 31, 2014
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes
	The Company has elected to be taxed as a REIT under Sections 856 through 860 of the Code commencing with its taxable year ended December 31, 1998. To qualify as a REIT, the Company must meet a number of organizational and operational requirements, including a requirement that it currently distribute at least 90% of its adjusted taxable income to its shareholders. It is the Company’s current intention to adhere to these requirements and maintain the Company’s qualification for taxation as a REIT. As a REIT, the Company generally is not subject to federal corporate income tax on that portion of its net income that is currently distributed to shareholders. If the Company fails to qualify for taxation as a REIT in any taxable year, it will be subject to federal income taxes at regular corporate rates (including any applicable alternative minimum tax) and may not be able to qualify as a REIT for four subsequent taxable years. Even if the Company qualifies for taxation as a REIT, the Company may be subject to certain state and local taxes on its income and property, and to federal income and excise taxes on its undistributed taxable income. In addition, taxable income from non-REIT activities managed through a TRS is subject to federal, state and local income taxes. As a wholly owned TRS of the Company, LHL is required to pay income taxes at the applicable federal, state and local rates.
	For federal income tax purposes, the cash distributions paid to the Company’s common shareholders of beneficial interest and preferred shareholders may be characterized as ordinary income, return of capital (generally non-taxable) or capital gains. Tax law permits certain characterization of distributions which could result in differences between cash basis and tax basis distribution amounts.
	The following characterizes distributions paid per common share of beneficial interest and preferred share on a tax basis for the years ended December 31, 2014, 2013 and 2012:
		2014						2013						2012
		$			%			$				%		$		%
	Common shares of beneficial interest
	Ordinary income	$	1.19		81.75	%		$	1.0305			100	%	$	0.6989	100	%
	Capital gain	0.2656			18.25	%		0				0	%	0		0	%
		$	1.4556		100	%		$	1.0305			100	%	$	0.6989	100	%
	Preferred shares (Series D)
	Ordinary income	$	0		0	%		$	0			0	%	$	1.2031	100	%
	Preferred shares (Series E)
	Ordinary income	$	0		0	%		$	0			0	%	$	1.2833	100	%
	Preferred shares (Series G)
	Ordinary income	$	0		0	%		$	1.8125			100	%	$	1.8125	100	%
	Preferred shares (Series G redeemed) (1)
	Ordinary income	$	0		0	%		$	0.9314			100	%	$	1.8125	100	%
	Preferred shares (Series G redeemed) (2)
	Ordinary income	$	1.1237		81.75	%		$	1.8125			100	%	$	1.8125	100	%
	Capital gain	0.2508			18.25	%		0				0	%	0		0	%
		$	1.3745		100	%		$	1.8125			100	%	$	1.8125	100	%
	Preferred shares (Series H)
	Ordinary income	$	1.5329		81.75	%		$	1.875			100	%	$	1.875	100	%
	Capital gain	0.3421			18.25	%		0				0	%	0		0	%
		$	1.875		100	%		$	1.875			100	%	$	1.875	100	%
	Preferred shares (Series I)
	Ordinary income	$	1.303		81.75	%		$	0.9784			100	%	$	0	0	%
	Capital gain	0.2908			18.25	%		0				0	%	0		0	%
		$	1.5938		100	%		$	0.9784			100	%	$	0	0	%
	(1) On April 5, 2013, the Company redeemed a portion of its Series G Preferred Shares (see Note 6).
	(2) On July 3, 2014, the Company redeemed its remaining Series G Preferred Shares (see Note 6).
	Income tax expense was comprised of the following for the years ended December 31, 2014, 2013 and 2012:
		For the year ended December 31,
		2014			2013				2012
	LHL’s income tax expense (benefit)	$	1,260		$	(308	)		$	8,983
	Operating Partnership’s income tax expense	1,046			778				79
	Total income tax expense	$	2,306		$	470			$	9,062
	The components of LHL’s income tax expense (benefit) and income before income tax expense (benefit) for the years ended December 31, 2014, 2013 and 2012 were as follows:
		For the year ended December 31,
		2014			2013				2012
	LHL’s income tax expense (benefit):
	Federal
	Current	$	912		$	(50	)		$	3,325
	Deferred	372			51				3,591
	State & local
	Current	297			(47		)		1,694
	Deferred	(321		)	(262		)		373
	Total	$	1,260		$	(308	)		$	8,983
	LHL’s income before income tax expense (benefit)	$	3,559		$	615			$	21,089
	LHL’s provision for income taxes differs from the amount of income tax determined by applying the applicable U.S. statutory federal income tax rate to LHL’s pretax income for the years ended December 31, 2014, 2013 and 2012 as a result of the following differences:
		For the year ended December 31,
		2014			2013				2012
	“Expected” federal tax expense at statutory rate	$	1,210		$	209			$	7,170
	State income tax expense, net of federal income tax effect	302			50				1,801
	Other, net	(252		)	(567		)		12
	Income tax expense (benefit)	$	1,260		$	(308	)		$	8,983
	LHL’s deferred tax assets (liabilities) as of December 31, 2014 and 2013 were as follows:
		December 31,
		2014			2013
	Net operating loss carryforwards	$	1,618		$	1,297
	Bad debt reserves	214			228
	Golf membership deferred revenue	(256		)	(28		)
	Other, net	(129		)	0
Total deferred tax assets	$	1,447		$	1,497
During the year ended December 31, 2012, the Company exhausted its remaining federal net operating loss carryforwards. As of December 31, 2014, the Company had deferred tax assets of $1,447 primarily due to current and past years’ state tax net operating losses. These state loss carryforwards will generally expire in 2016 through 2034 if not utilized by then. The Company analyzes state loss carryforwards on a state by state basis and records a valuation allowance when management deems it more likely than not that future results will not generate sufficient taxable income in the respective state to realize the deferred tax asset prior to the expiration of the loss carryforwards. Management believes that it is more likely than not that the results of future operations will generate sufficient taxable income to realize the deferred tax assets related to state loss carryforwards prior to the expiration of the loss carryforwards and has determined that no valuation allowance is necessary. From time to time, the Company may be subject to federal, state or local tax audits in the normal course of business.
Regarding accounting for uncertainty in income taxes, GAAP guidance prescribes a recognition threshold and measurement attribute for the financial statement recognition and measurement of a tax position taken in a tax return. The Company must determine whether it is “more-likely-than-not” that a tax position will be sustained upon examination, including resolution of any related appeals or litigation processes, based on the technical merits of the position. Once it is determined that a position meets the more-likely-than-not recognition threshold, the previously unrecognized benefit associated with the position is recognized in the financial statements. This guidance applies to all positions related to income taxes. A reconciliation of the beginning and ending amount of unrecognized tax benefits is as follows:
	Year ended December 31,
	2014			2013				2012
Balance at beginning of year	$	0		$	0			$	708
Reductions	0			0				(708		)
Balance at end of year	$	0		$	0			$	0
All of such amount, if recognized, would have impacted our reconciliation between the income tax expense calculated at the statutory federal income tax rate of 34% and the actual income tax expense recorded each year.
During the second quarter of 2012, the Company resolved its uncertain tax position as a result of a settlement with the applicable taxing authority. Accordingly, the Company has no material unrecognized income tax benefits as of December 31, 2014 and 2013. As of December 31, 2014, the tax years that remain subject to examination by major tax jurisdictions generally include 2010 through 2014.

Fair_Value_Measurements

Fair Value Measurements	12 Months Ended
	Dec. 31, 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
				December 31, 2014				December 31, 2013
				Using Significant Other Observable
				Inputs (Level 2)
	Description		Consolidated Balance Sheet Location
	Derivative interest rate instruments		Prepaid expenses and other assets	$	1,520		(1)	$	4,616
	Derivative interest rate instruments		Accounts payable and accrued expenses	$	770		(2)	$	0
	(1)	Amount relates to interest rate swaps for the Second Term Loan.
	(2)	Amount relates to interest rate swaps for the First Term Loan.
	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 December 31, 2014 and 2013:
		December 31, 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	$	0		$	0			$	220,606	$	220,957
	Term loans	$	477,500		$	476,996			$	477,500	$	477,053
	Bonds payable	$	42,500		$	42,500			$	42,500	$	42,500
	Mortgage loans	$	501,090		$	510,250			$	514,456	$	522,788
	The Company estimates the fair value of its borrowings under credit facilities, term loans, bonds payable and mortgage loans using a weighted average effective interest rate of 2.9% and 3.1% as of December 31, 2014 and 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 December 31, 2014 and 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	12 Months Ended
	Dec. 31, 2014
Earnings Per Share [Abstract]
Earnings Per Common Share	Earnings per Common Share
	The limited partners’ outstanding limited partnership 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 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 payment 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 year ended December 31,
		2014			2013			2012
	Numerator:
	Net income attributable to common shareholders	$	197,561		$	70,984		$	45,146
	Dividends paid on unvested restricted shares	(411		)	(353		)	(270		)
	Undistributed earnings attributable to unvested restricted shares	(138		)	0			0
	Net income attributable to common shareholders excluding amounts attributable to unvested restricted shares	$	197,012		$	70,631		$	44,876
	Denominator:
	Weighted average number of common shares - basic	104,188,785			97,041,484			85,757,969
	Effect of dilutive securities:
	Compensation-related shares	357,110			187,187			139,305
	Weighted average number of common shares - diluted	104,545,895			97,228,671			85,897,274
	Earnings per Common Share - Basic:
	Net income attributable to common shareholders excluding amounts attributable to unvested restricted shares	$	1.89		$	0.73		$	0.52
	Earnings per Common Share - Diluted:
	Net income attributable to common shareholders excluding amounts attributable to unvested restricted shares	$	1.88		$	0.73		$	0.52

Supplemental_Information_To_St

Supplemental Information To Statements Of Cash Flows	12 Months Ended
	Dec. 31, 2014
Supplemental Cash Flow Information [Abstract]
Supplemental Information to Statements of Cash Flows	Supplemental Information to Statements of Cash Flows
		For the year ended December 31,
		2014			2013			2012
	Interest paid, net of capitalized interest	$	54,558		$	55,754		$	50,154
	Interest capitalized	400			649			370
	Income taxes paid, net	815			2,353			8,012
	Increase in distributions payable on common shares	13,227			10,044			9,899
	Decrease in distributions payable on preferred shares	(1,064		)	(59		)	(3,236		)
	Write-off of fully depreciated furniture, fixtures and equipment	582			7,888			0
	Write-off of fully amortized deferred financing costs	273			203			162
	(Decrease) increase in accrued capital expenditures	(994		)	3,116			(242		)
	Grant of nonvested shares and awards to employees and executives, net	7,953			5,258			4,764
	Issuance of common shares for Board of Trustees compensation	602			277			494
	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		$	0
	Other assets	1,397			0			0
	Liabilities	(1,480		)	0			0
	Sale of properties	$	167,838		$	0		$	0
	In conjunction with the acquisition of properties, the Company assumed
	assets and liabilities and issued units as follows:
	Investment in properties (after credits at closing)	$	(194,198	)	$	(349,802	)	$	(390,076	)
	Other assets	(1,361		)	(2,509		)	(1,623		)
	Liabilities	4,448			50,176			5,084
	Acquisition of properties	$	(191,111	)	$	(302,135	)	$	(386,615	)

Subsequent_Events

Subsequent Events	12 Months Ended
	Dec. 31, 2014
Subsequent Events [Abstract]
Subsequent Events	Subsequent Events
	On January 1, 2015, the Company issued 11,682 common shares of beneficial interest and authorized an additional 4,183 deferred shares to the independent members of its Board of Trustees for their 2014 compensation. These common shares of beneficial interest were issued under the 2014 Plan. Additionally, the Company issued 9,757 common shares of beneficial interest, related to the resignation of a former Board of Trustees member, for the second of five payouts of his accumulated deferred shares granted as compensation for years 1999 through 2013. These common shares of beneficial interest were issued under the 2009 Plan.
	On January 5, 2015, the Company issued 108,779 nonvested shares with service conditions to executives who earned 136.3% of their 79,823 target number of shares from the nonvested share awards with market conditions granted on January 26, 2012 (see Note 7). One-third of the shares earned, or 36,261 shares, vested immediately on January 1, 2015, and the remaining two-thirds of the shares earned, or 72,518 shares, will vest in equal amounts on January 1, 2016 and January 1, 2017 based on continued employment. The executives received a cash payment of $334 on the earned shares equal to the value of all dividends paid on common shares from January 1, 2012 until the determination date, January 1, 2015. As of January 1, 2015, the executives are 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 January 5, 2015, the Company received 41,300 common shares of beneficial interest related to executives and employees surrendering shares to pay taxes at the time restricted shares vested.
	The Company paid the following common and preferred share dividends subsequent to December 31, 2014:
			Dividend per		For the Quarter	Record	Payable
	Security Type		Share/Unit (1)		Ended	Date	Date
	Common Shares/Units		$	0.38	31-Dec-14	December 31, 2014	15-Jan-15
	7 ½% Series H Preferred Shares		$	0.47	31-Dec-14	1-Jan-15	15-Jan-15
	6 ⅜% Series I Preferred Shares		$	0.4	December 31, 2014	January 1, 2015	January 15, 2015
	(1)	Amounts are rounded to the nearest whole cent for presentation purposes.
	On January 23, 2015 the Company acquired a 100% leasehold interest in The Westin Market Street, which the Company renamed Park Central San Francisco, a 681-room urban, full-service hotel located in San Francisco, CA, for $350,000. As of December 31, 2014, a $25,000 deposit was held in escrow for the acquisition of the hotel. The sources of the funding for the acquisition were cash on hand and borrowings under the Company’s senior unsecured credit facility. The property is leased to LHL and Highgate Hotels manages the property. The Company has not yet finalized its determination of fair value of Park Central San Francisco as the Company is awaiting certain valuation-related information.

Quarterly_Operating_Results

Quarterly Operating Results	12 Months Ended
	Dec. 31, 2014
Quarterly Financial Information Disclosure [Abstract]
Quarterly Operating Results	Quarterly Operating Results (Unaudited)
	The Company’s unaudited consolidated quarterly operating data for the years ended December 31, 2014 and 2013 (in thousands, except per share data) follows. In the opinion of management, all adjustments (consisting of normal recurring accruals) necessary for a fair presentation of quarterly results have been reflected in the data. It is also management’s opinion, however, that quarterly operating data for hotel enterprises are not indicative of results to be achieved in succeeding quarters or years.
		Year Ended December 31, 2014
		First			Second			Third			Fourth
		Quarter			Quarter			Quarter			Quarter
	Total revenues	$	220,653		$	356,663		$	357,661		$	269,818
	Total expenses	225,524			265,695			256,149			243,930
	Net (loss) income	(4,871		)	90,968			101,512			25,888
	Net loss (income) attributable to noncontrolling interests	6			(274		)	(297		)	(87		)
	Distributions to preferred shareholders	(4,107		)	(4,142		)	(3,042		)	(3,042		)
	Issuance costs of redeemed preferred shares	0			(942		)	(9		)	0
	Net (loss) income attributable to common shareholders	$	(8,972	)	$	85,610		$	98,164		$	22,759
	Earnings per Common Share—Basic:
	Net (loss) income attributable to common shareholders excluding amounts attributable to unvested restricted shares	$	(0.09	)	$	0.82		$	0.94		$	0.22
	Earnings per Common Share—Diluted:
	Net (loss) income attributable to common shareholders excluding amounts attributable to unvested restricted shares	$	(0.09	)	$	0.82		$	0.94		$	0.21
	Weighted average number of common shares outstanding:
	Basic	103,691,657			103,698,332			103,798,853			105,550,157
	Diluted	103,691,657			104,024,472			104,133,553			105,902,098
		Year Ended December 31, 2013
		First			Second			Third			Fourth
		Quarter			Quarter			Quarter			Quarter
	Total revenues	$	194,073		$	265,955		$	272,434		$	254,510
	Total expenses	196,403			224,949			239,686			235,679
	Net (loss) income	(2,330		)	41,006			32,748			18,831
	Net income attributable to noncontrolling interests	0			(143		)	(108		)	(69		)
	Distributions to preferred shareholders	(5,065		)	(4,107		)	(4,106		)	(4,107		)
	Issuance costs of redeemed preferred shares	0			(1,566		)	0			0
	Net (loss) income attributable to common shareholders	$	(7,395	)	$	35,190		$	28,534		$	14,655
	Earnings per Common Share—Basic:
	Net (loss) income attributable to common shareholders excluding amounts attributable to unvested restricted shares	$	(0.08	)	$	0.37		$	0.3		$	0.14
	Earnings per Common Share—Diluted:
	Net (loss) income attributable to common shareholders excluding amounts attributable to unvested restricted shares	$	(0.08	)	$	0.37		$	0.3		$	0.14
	Weighted average number of common shares outstanding:
	Basic	95,166,029			95,465,464			95,890,474			101,585,583
	Diluted	95,166,029			95,630,066			96,082,340			101,820,954

Real_Estate_and_Accumulated_De

Real Estate and Accumulated Depreciation	12 Months Ended
	Dec. 31, 2014
SEC Schedule III, Real Estate and Accumulated Depreciation Disclosure [Abstract]
Real Estate and Accumulated Depreciation Disclosure [Text Block]
					Initial Cost						Cost Capitalized Subsequent							Gross Amounts at Which												Life on
											to Acquisition (1)							Carried at Close of Period												Which
																														Depreciation
																														in Statement
																														of Operations
			Encum-		Land		Building		Furniture,		Land		Building			Furniture,		Land		Building		Furniture,		Accumu-		Net Book		Date of	Date of	is Computed
			brances				and		Fixtures				and			Fixtures				and		Fixtures		lated		Value		Original	Acqui-
							Improve-		and				Improve-			and				Improve-		and		Depre-				Construc-	sition
							ments		Equipment				ments			Equipment				ments		Equipment		ciation				tion
	1	Le Montrose Suite Hotel	$	0	$	5,004	$	19,752	$	2,951	$	0	$	5,285		$	12,625	$	5,004	$	25,037	$	15,576	$	25,299	$	20,318	1976	4/29/98	3-40 years
	2	San Diego Paradise Point Resort and Spa	0		0		69,639		3,665		154		37,256			30,435		154		106,895		34,100		83,193		57,956		1962	6/1/98	3-40 years
	3	Hyatt Boston Harbor	42,500		0		66,159		5,246		16		4,785			8,313		16		70,944		13,559		50,385		34,134		1993	6/24/98	3-40 years
	4	Topaz Hotel	0		2,137		8,549		0		12		4,307			6,254		2,149		12,856		6,254		11,115		10,144		1963	3/8/01	3-40 years
	5	Hotel Madera	0		1,682		6,726		0		15		5,311			6,283		1,697		12,037		6,283		9,685		10,332		1963	3/8/01	3-40 years
	6	Hotel Rouge	0		2,162		8,647		0		17		5,017			8,031		2,179		13,664		8,031		12,849		11,025		1963	3/8/01	3-40 years
	7	Hotel Helix	0		2,636		10,546		0		14		9,945			7,902		2,650		20,491		7,902		15,464		15,579		1962	3/8/01	3-40 years
	8	The Liaison Capitol Hill	0		8,353		33,412		2,742		19		15,007			21,045		8,372		48,419		23,787		40,940		39,638		1968	6/1/01	3-40 years
	9	Lansdowne Resort	0		27,421		74,835		3,114		33,147		27,399			25,195		60,568		102,234		28,309		69,004		122,107		1991	6/17/03	3-40 years
	10	Hotel George	0		1,743		22,221		531		0		805			8,211		1,743		23,026		8,742		12,851		20,660		1928	9/18/03	3-40 years
	11	Indianapolis Marriott Downtown	97,528		0		96,173		9,879		0		2,100			13,148		0		98,273		23,027		56,399		64,901		2001	2/10/04	3-40 years
	12	Chaminade Resort and Conference Center	0		5,240		13,111		299		24		9,023			9,386		5,264		22,134		9,685		17,230		19,853		1985	11/18/04	3-40 years
	13	Hilton San Diego Gaslamp Quarter	0		5,008		77,892		2,250		0		1,257			10,158		5,008		79,149		12,408		26,732		69,833		2000	1/6/05	3-40 years
	14	The Grafton on Sunset	0		1,882		23,226		431		11		1,038			7,703		1,893		24,264		8,134		9,353		24,938		1954	1/10/05	3-40 years
	15	Onyx Hotel	0		6,963		21,262		445		2,500		138			3,711		9,463		21,400		4,156		6,716		28,303		2004	5/18/05	3-40 years
	16	Westin Copley Place	210,000		0		295,809		28,223		0		19,267			39,055		0		315,076		67,278		132,078		250,276		1983	8/31/05	3-40 years
	17	Hotel Deca	0		4,938		21,720		577		0		826			5,648		4,938		22,546		6,225		9,557		24,152		1931	12/8/05	3-40 years
	18	The Hilton San Diego Resort and Spa	0		0		85,572		4,800		122		15,431			17,575		122		101,003		22,375		46,322		77,178		1962	12/15/05	3-40 years
	19	The Donovan	0		11,384		34,573		0		0		36,455			14,965		11,384		71,028		14,965		33,612		63,765		1972	12/16/05	3-40 years
	20	Le Parc Suite Hotel	0		13,971		31,742		2,741		3		2,300			8,994		13,974		34,042		11,735		16,242		43,509		1970	1/27/06	3-40 years
	21	Westin Michigan Avenue	133,347		38,158		154,181		24,112		17		14,303			17,301		38,175		168,484		41,413		77,367		170,705		1963/1972	3/1/06	3-40 years
	22	Hotel Chicago	0		9,403		104,148		889		155		25,947			21,138		9,558		130,095		22,027		50,544		111,136		1998	3/1/06	3-40 years
	23	Alexis Hotel	0		6,581		31,062		578		13		10,094			7,975		6,594		41,156		8,553		17,542		38,761		1901/1982	6/15/06	3-40 years
	24	Hotel Solamar	0		0		79,111		7,890		0		397			3,978		0		79,508		11,868		26,455		64,921		2005	8/1/06	3-40 years
	25	Gild Hall	0		6,732		45,016		984		2		3,139			9,822		6,734		48,155		10,806		20,934		44,761		1999	11/17/06	3-40 years
	26	Hotel Amarano Burbank	0		5,982		29,292		1,253		329		6,394			3,920		6,311		35,686		5,173		10,964		36,206		2002	12/19/06	3-40 years
	27	Sofitel Washington, DC Lafayette Square	0		11,082		80,342		2,619		0		150			6,866		11,082		80,492		9,485		14,491		86,568		2002	3/1/10	3-40 years
	28	Hotel Monaco San Francisco	0		11,435		53,186		3,736		0		0			4,981		11,435		53,186		8,717		10,898		62,440		1910/1995	9/1/10	3-40 years
	29	Westin Philadelphia	0		35,100		106,100		3,776		0		716			3,660		35,100		106,816		7,436		15,647		133,705		1990	9/1/10	3-40 years
	30	Embassy Suites Philadelphia - Center City	0		13,600		62,900		2,504		0		1,810			4,513		13,600		64,710		7,017		11,510		73,817		1963/1993	9/1/10	3-40 years
	31	The Roger	60,215		0		95,079		3,509		0		(184		)	11,615		0		94,895		15,124		20,632		89,387		1930/1998	10/6/10	3-34 years
	32	Chamberlain West Hollywood	0		6,470		29,085		2,895		0		104			2,784		6,470		29,189		5,679		6,229		35,109		1970/2005	12/6/10	3-40 years
	33	Viceroy Santa Monica	0		0		75,270		4,747		0		80			4,031		0		75,350		8,778		11,957		72,171		1967/2002	3/16/11	3-40 years
	34	Villa Florence	0		12,413		50,997		3,202		0		0			1,213		12,413		50,997		4,415		6,582		61,243		1908	10/5/11	3-40 years
	35/36.	Park Central Hotel/WestHouse Hotel New York	0		135,306		250,262		9,004		0		34,148			47,900		135,306		284,410		56,904		36,955		439,665		1928	12/29/11	3-40 years
	37	Hotel Palomar, Washington, DC	0		26,859		111,214		5,648		0		614			1,320		26,859		111,828		6,968		11,351		134,304		1962	3/8/12	3-40 years
	38	L’Auberge Del Mar	0		13,475		59,481		3,628		0		19			1,154		13,475		59,500		4,782		4,688		73,069		1989	12/6/12	3-40 years
	39	The Liberty Hotel	0		0		160,731		9,040		0		145			1,556		0		160,876		10,596		11,850		159,622		1851/2007	12/28/12	3-40 years
	40	Harbor Court Hotel	0		0		54,563		714		0		0			151		0		54,563		865		2,421		53,007		1926/1991	8/1/13	3-35 years
	41	Hotel Triton	0		0		37,253		1,379		0		18			243		0		37,271		1,622		1,936		36,957		1912/1991	8/1/13	3-34.5 years
	42	Serrano Hotel	0		20,475		48,501		2,500		0		(40		)	456		20,475		48,461		2,956		2,790		69,102		1928/1999	8/21/13	3-40 years
	43	Southernmost Hotel Collection	0		101,517		79,795		3,105		0		141			1,221		101,517		79,936		4,326		3,686		182,093		1958-2008	8/27/13	3-40 years
	44	Hotel Vitale	0		0		125,150		4,766		0		0			70		0		125,150		4,836		3,063		126,923		2005	4/2/14	3-40 years
	45	The Heathman Hotel	0		10,280		50,001		4,002		0		0			0		10,280		50,001		4,002		0		64,283		1927	12/18/14	3-40 years
		Total	$	543,590	$	565,392	$	2,994,286	$	174,374	$	36,570	$	300,947		$	422,505	$	601,962	$	3,295,233	$	596,879	$	1,065,518	$	3,428,556
	(1)    Costs of disposals, impairments and reclassifications to property under development are reflected as reductions to cost capitalized subsequent to acquisition. Reclassifications from property under development are reflected as increases to cost capitalized subsequent to acquisition.
	Reconciliation of Real Estate and Accumulated Depreciation:
	Reconciliation of Real Estate:
	Balance at December 31, 2011	$	3,420,610
	Acquisition of hotel properties	389,330
	Improvements and additions to hotel properties	54,672
	Reclassification from property under development	20,677
	Balance at December 31, 2012	$	3,885,289
	Acquisition of hotel properties	349,802
Improvements and additions to hotel properties	108,034
Reclassification from property under development	16,317
Disposal of assets	(8,369		)
Balance at December 31, 2013	$	4,351,073
Acquisition of hotel properties	194,198
Improvements and additions to hotel properties	66,706
Reclassification from property under development	14,163
Disposal of hotels	(130,846		)
Disposal of assets	(1,220		)
Balance at December 31, 2014	$	4,494,074
Reconciliation of Accumulated Depreciation:
Balance at December 31, 2011	$	708,436
Depreciation	123,809
Balance at December 31, 2012	$	832,245
Depreciation	143,560
Disposal of assets	(7,920		)
Balance at December 31, 2013	$	967,885
Depreciation	154,585
Disposal of hotels	(56,130		)
Disposal of assets	(822		)
Balance at December 31, 2014	$	1,065,518

Reconciliation_of_Real_Estate_

Reconciliation of Real Estate and Accumulated Depreciation	12 Months Ended
	Dec. 31, 2014
Real Estate and Accumulated Depreciation [Abstract]
Real Estate and Accumulated Depreciation Disclosure [Text Block]
					Initial Cost						Cost Capitalized Subsequent							Gross Amounts at Which												Life on
											to Acquisition (1)							Carried at Close of Period												Which
																														Depreciation
																														in Statement
																														of Operations
			Encum-		Land		Building		Furniture,		Land		Building			Furniture,		Land		Building		Furniture,		Accumu-		Net Book		Date of	Date of	is Computed
			brances				and		Fixtures				and			Fixtures				and		Fixtures		lated		Value		Original	Acqui-
							Improve-		and				Improve-			and				Improve-		and		Depre-				Construc-	sition
							ments		Equipment				ments			Equipment				ments		Equipment		ciation				tion
	1	Le Montrose Suite Hotel	$	0	$	5,004	$	19,752	$	2,951	$	0	$	5,285		$	12,625	$	5,004	$	25,037	$	15,576	$	25,299	$	20,318	1976	4/29/98	3-40 years
	2	San Diego Paradise Point Resort and Spa	0		0		69,639		3,665		154		37,256			30,435		154		106,895		34,100		83,193		57,956		1962	6/1/98	3-40 years
	3	Hyatt Boston Harbor	42,500		0		66,159		5,246		16		4,785			8,313		16		70,944		13,559		50,385		34,134		1993	6/24/98	3-40 years
	4	Topaz Hotel	0		2,137		8,549		0		12		4,307			6,254		2,149		12,856		6,254		11,115		10,144		1963	3/8/01	3-40 years
	5	Hotel Madera	0		1,682		6,726		0		15		5,311			6,283		1,697		12,037		6,283		9,685		10,332		1963	3/8/01	3-40 years
	6	Hotel Rouge	0		2,162		8,647		0		17		5,017			8,031		2,179		13,664		8,031		12,849		11,025		1963	3/8/01	3-40 years
	7	Hotel Helix	0		2,636		10,546		0		14		9,945			7,902		2,650		20,491		7,902		15,464		15,579		1962	3/8/01	3-40 years
	8	The Liaison Capitol Hill	0		8,353		33,412		2,742		19		15,007			21,045		8,372		48,419		23,787		40,940		39,638		1968	6/1/01	3-40 years
	9	Lansdowne Resort	0		27,421		74,835		3,114		33,147		27,399			25,195		60,568		102,234		28,309		69,004		122,107		1991	6/17/03	3-40 years
	10	Hotel George	0		1,743		22,221		531		0		805			8,211		1,743		23,026		8,742		12,851		20,660		1928	9/18/03	3-40 years
	11	Indianapolis Marriott Downtown	97,528		0		96,173		9,879		0		2,100			13,148		0		98,273		23,027		56,399		64,901		2001	2/10/04	3-40 years
	12	Chaminade Resort and Conference Center	0		5,240		13,111		299		24		9,023			9,386		5,264		22,134		9,685		17,230		19,853		1985	11/18/04	3-40 years
	13	Hilton San Diego Gaslamp Quarter	0		5,008		77,892		2,250		0		1,257			10,158		5,008		79,149		12,408		26,732		69,833		2000	1/6/05	3-40 years
	14	The Grafton on Sunset	0		1,882		23,226		431		11		1,038			7,703		1,893		24,264		8,134		9,353		24,938		1954	1/10/05	3-40 years
	15	Onyx Hotel	0		6,963		21,262		445		2,500		138			3,711		9,463		21,400		4,156		6,716		28,303		2004	5/18/05	3-40 years
	16	Westin Copley Place	210,000		0		295,809		28,223		0		19,267			39,055		0		315,076		67,278		132,078		250,276		1983	8/31/05	3-40 years
	17	Hotel Deca	0		4,938		21,720		577		0		826			5,648		4,938		22,546		6,225		9,557		24,152		1931	12/8/05	3-40 years
	18	The Hilton San Diego Resort and Spa	0		0		85,572		4,800		122		15,431			17,575		122		101,003		22,375		46,322		77,178		1962	12/15/05	3-40 years
	19	The Donovan	0		11,384		34,573		0		0		36,455			14,965		11,384		71,028		14,965		33,612		63,765		1972	12/16/05	3-40 years
	20	Le Parc Suite Hotel	0		13,971		31,742		2,741		3		2,300			8,994		13,974		34,042		11,735		16,242		43,509		1970	1/27/06	3-40 years
	21	Westin Michigan Avenue	133,347		38,158		154,181		24,112		17		14,303			17,301		38,175		168,484		41,413		77,367		170,705		1963/1972	3/1/06	3-40 years
	22	Hotel Chicago	0		9,403		104,148		889		155		25,947			21,138		9,558		130,095		22,027		50,544		111,136		1998	3/1/06	3-40 years
	23	Alexis Hotel	0		6,581		31,062		578		13		10,094			7,975		6,594		41,156		8,553		17,542		38,761		1901/1982	6/15/06	3-40 years
	24	Hotel Solamar	0		0		79,111		7,890		0		397			3,978		0		79,508		11,868		26,455		64,921		2005	8/1/06	3-40 years
	25	Gild Hall	0		6,732		45,016		984		2		3,139			9,822		6,734		48,155		10,806		20,934		44,761		1999	11/17/06	3-40 years
	26	Hotel Amarano Burbank	0		5,982		29,292		1,253		329		6,394			3,920		6,311		35,686		5,173		10,964		36,206		2002	12/19/06	3-40 years
	27	Sofitel Washington, DC Lafayette Square	0		11,082		80,342		2,619		0		150			6,866		11,082		80,492		9,485		14,491		86,568		2002	3/1/10	3-40 years
	28	Hotel Monaco San Francisco	0		11,435		53,186		3,736		0		0			4,981		11,435		53,186		8,717		10,898		62,440		1910/1995	9/1/10	3-40 years
	29	Westin Philadelphia	0		35,100		106,100		3,776		0		716			3,660		35,100		106,816		7,436		15,647		133,705		1990	9/1/10	3-40 years
	30	Embassy Suites Philadelphia - Center City	0		13,600		62,900		2,504		0		1,810			4,513		13,600		64,710		7,017		11,510		73,817		1963/1993	9/1/10	3-40 years
	31	The Roger	60,215		0		95,079		3,509		0		(184		)	11,615		0		94,895		15,124		20,632		89,387		1930/1998	10/6/10	3-34 years
	32	Chamberlain West Hollywood	0		6,470		29,085		2,895		0		104			2,784		6,470		29,189		5,679		6,229		35,109		1970/2005	12/6/10	3-40 years
	33	Viceroy Santa Monica	0		0		75,270		4,747		0		80			4,031		0		75,350		8,778		11,957		72,171		1967/2002	3/16/11	3-40 years
	34	Villa Florence	0		12,413		50,997		3,202		0		0			1,213		12,413		50,997		4,415		6,582		61,243		1908	10/5/11	3-40 years
	35/36.	Park Central Hotel/WestHouse Hotel New York	0		135,306		250,262		9,004		0		34,148			47,900		135,306		284,410		56,904		36,955		439,665		1928	12/29/11	3-40 years
	37	Hotel Palomar, Washington, DC	0		26,859		111,214		5,648		0		614			1,320		26,859		111,828		6,968		11,351		134,304		1962	3/8/12	3-40 years
	38	L’Auberge Del Mar	0		13,475		59,481		3,628		0		19			1,154		13,475		59,500		4,782		4,688		73,069		1989	12/6/12	3-40 years
	39	The Liberty Hotel	0		0		160,731		9,040		0		145			1,556		0		160,876		10,596		11,850		159,622		1851/2007	12/28/12	3-40 years
	40	Harbor Court Hotel	0		0		54,563		714		0		0			151		0		54,563		865		2,421		53,007		1926/1991	8/1/13	3-35 years
	41	Hotel Triton	0		0		37,253		1,379		0		18			243		0		37,271		1,622		1,936		36,957		1912/1991	8/1/13	3-34.5 years
	42	Serrano Hotel	0		20,475		48,501		2,500		0		(40		)	456		20,475		48,461		2,956		2,790		69,102		1928/1999	8/21/13	3-40 years
	43	Southernmost Hotel Collection	0		101,517		79,795		3,105		0		141			1,221		101,517		79,936		4,326		3,686		182,093		1958-2008	8/27/13	3-40 years
	44	Hotel Vitale	0		0		125,150		4,766		0		0			70		0		125,150		4,836		3,063		126,923		2005	4/2/14	3-40 years
	45	The Heathman Hotel	0		10,280		50,001		4,002		0		0			0		10,280		50,001		4,002		0		64,283		1927	12/18/14	3-40 years
		Total	$	543,590	$	565,392	$	2,994,286	$	174,374	$	36,570	$	300,947		$	422,505	$	601,962	$	3,295,233	$	596,879	$	1,065,518	$	3,428,556
	(1)    Costs of disposals, impairments and reclassifications to property under development are reflected as reductions to cost capitalized subsequent to acquisition. Reclassifications from property under development are reflected as increases to cost capitalized subsequent to acquisition.
	Reconciliation of Real Estate and Accumulated Depreciation:
	Reconciliation of Real Estate:
	Balance at December 31, 2011	$	3,420,610
	Acquisition of hotel properties	389,330
	Improvements and additions to hotel properties	54,672
	Reclassification from property under development	20,677
	Balance at December 31, 2012	$	3,885,289
	Acquisition of hotel properties	349,802
Improvements and additions to hotel properties	108,034
Reclassification from property under development	16,317
Disposal of assets	(8,369		)
Balance at December 31, 2013	$	4,351,073
Acquisition of hotel properties	194,198
Improvements and additions to hotel properties	66,706
Reclassification from property under development	14,163
Disposal of hotels	(130,846		)
Disposal of assets	(1,220		)
Balance at December 31, 2014	$	4,494,074
Reconciliation of Accumulated Depreciation:
Balance at December 31, 2011	$	708,436
Depreciation	123,809
Balance at December 31, 2012	$	832,245
Depreciation	143,560
Disposal of assets	(7,920		)
Balance at December 31, 2013	$	967,885
Depreciation	154,585
Disposal of hotels	(56,130		)
Disposal of assets	(822		)
Balance at December 31, 2014	$	1,065,518

Summary_Of_Significant_Account1

Summary Of Significant Accounting Policies (Policy)	12 Months Ended
	Dec. 31, 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 U.S. generally accepted accounting principles (“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.
Risks and Uncertainties	Risks and Uncertainties
	The state of the overall economy can significantly impact hotel operational performance and thus, impact the Company’s financial position. Should any of the hotels experience a significant decline in operational performance, it may affect the Company’s ability to make distributions to its shareholders, service debt or meet other financial obligations.
Investment in Hotel Properties	Investment in Hotel Properties
	Upon acquisition, the Company determines the fair value of the acquired long-lived assets, assumed debt and intangible assets and liabilities. The Company’s investments in hotel properties are carried at cost and depreciated using the straight-line method over an estimated useful life of 30 to 40 years for buildings, 15 years for building improvements, the shorter of the useful life of the improvement or the term of the related tenant lease for tenant improvements, 7 years for land improvements, 20 years for golf course land improvements, 20 years for swimming pool assets and 3 to 5 years for furniture, fixtures and equipment. For investments subject to land and building leases that qualify as capital leases, assets are recorded at the estimated fair value of the right to use the leased property at acquisition and depreciated over the shorter of the useful lives of the assets or the term of the respective lease. Renovations and/or replacements that improve or extend the life of the asset are capitalized and depreciated over their estimated useful lives.
	The Company is required to make subjective assessments as to the useful lives and classification of its properties for purposes of determining the amount of depreciation expense to reflect each year with respect to those properties. These assessments have a direct impact on the Company’s net income. Should the Company change the expected useful life or classification of particular assets, it would result in a change in depreciation expense and annual net income.
	The Company reviews each hotel for impairment at the end of each reporting period or as events and circumstances dictate throughout the year. A property is considered impaired when the sum of estimated future undiscounted cash flows over the estimated remaining holding period is less than the carrying amount of a property.
	At the end of each reporting period, the Company assesses whether any quantitative or qualitative triggering events have occurred in relation to a property. Examples of situations considered to be triggering events include:
	•	a substantial decline in operating cash flows during the period, including declines related to decreased occupancy, average daily rate or revenue per available room;
	•	a current or projected loss from operations;
	•	a significant cost accumulation above the original acquisition/development estimate;
	•	a change in plan to sell the property prior to the end of its useful life or holding period;
	•	a significant decrease in market price not in line with general market trends; and
	•	any other quantitative or qualitative events deemed significant by our management or our Board of Trustees.
	If the presence of one or more triggering events as described above is identified at the end of a reporting period or throughout the year with respect to a hotel, the Company performs a recoverability test. In doing so, an estimate of undiscounted future cash flows over the estimated remaining holding period is compared to the carrying amount of the hotel.
	Impairment is indicated if the results of a recoverability analysis indicate that the carrying amount of a hotel exceeds the estimated future undiscounted cash flows. Upon presentation to and discussion with the Board of Trustees, an impairment charge is recorded equal to the excess of the carrying value of the hotel over the fair value. When performing a recoverability test or estimating the fair value of a property, the Company makes certain assumptions including, but not limited to, consideration of:
	•	projected operating cash flows – considering factors such as booking pace, growth rates, occupancy, room rates, property-specific operating costs and future capital expenditures;
	•	projected cash flows from the eventual disposition of the hotel based upon our estimation of a property-specific capitalization rate;
	•	property-specific discount rates; and
	•	comparable selling prices.
	The Company considers a hotel as held for sale when a contract for sale is entered into, a substantial nonrefundable deposit has been received from the purchaser and sale is expected to occur within one year.
	Upon sale of a hotel, the Company determines its profit from the sale under the full accrual method provided the following applicable criteria are met: a sale is consummated; the buyer’s initial and continuing investments are adequate to demonstrate a commitment to pay for the property; the Company’s receivable, if applicable, is not subject to future subordination; the Company has transferred to the buyer the usual risks and rewards of ownership; and the Company does not have a substantial continuing involvement with the property. If all of these conditions are met, the Company will recognize the full profit on the sale.
Intangible Assets	Intangible Assets
	The Company does not amortize intangible assets with indefinite useful lives. Non-amortizable intangible assets are reviewed annually for impairment and more frequently if events or circumstances indicate that the assets may be impaired. If a non-amortizable intangible asset is subsequently determined to have a finite useful life, the intangible asset will be written down to the lower of its fair value or carrying amount and then amortized prospectively, based on the remaining useful life of the intangible asset. As of December 31, 2014 and 2013, the Company did not have amortizable intangible assets or any value attributed to such non-amortizable intangible assets in the accompanying consolidated balance sheets.
Derivatives and Hedging Activities	Derivatives and Hedging Activities
	In the normal course of business, the Company is exposed to the effects of interest rate changes. The Company limits the risks associated with interest rate changes by following established risk management policies and procedures which may include the use of derivative instruments. The Company formally documents all relationships between hedging instruments and hedged items, as well as its risk management objectives and strategies for undertaking various hedge transactions. The Company assesses, both at the inception of the hedge and on an ongoing basis, whether the derivatives that are used in hedging transactions are highly effective in offsetting changes in the cash flows of the hedged items. Instruments that meet these hedging criteria are formally designated as hedges at the inception of the derivative contract and are recorded on the balance sheet at fair value, with offsetting changes recorded to other comprehensive income (loss). Ineffective portions of changes in the fair value of a cash flow hedge are recognized as interest expense. The Company incorporates credit valuation adjustments to reflect both its own nonperformance risk and the respective counterparty’s nonperformance risk in the fair value measurements. The Company does not use derivatives for trading or speculative purposes and currently does not have any derivatives that are not designated as hedging instruments under the accounting requirements for derivatives and hedging.
Cash and Cash Equivalents	Cash and Cash Equivalents
	All highly liquid investments with a maturity of three months or less when purchased are considered to be cash equivalents.
Restricted Cash Reserves	Restricted Cash Reserves
	The Company classifies certain cash balances as restricted cash reserves, including (i) reserve funds relating to the hotels with leases or operating agreements requiring the Company to maintain restricted cash to fund future capital expenditures, (ii) cash deposited in mortgage escrow accounts pursuant to mortgage obligations to pre-fund a portion of certain operating expenses and debt payments and (iii) cash held by insurance and management companies on the Company’s behalf to be refunded or applied to future liabilities.
Deferred Financing Costs	Deferred Financing Costs
	Financing costs related to long-term debt are recorded at cost and are amortized as interest expense over the life of the related debt instrument, unless there is a significant modification to the debt instrument. Accumulated amortization at December 31, 2014 and 2013 was $3,436 and $4,988, respectively.
Revenue Recognition	Revenue Recognition
	The Company recognizes hotel operating revenues on an accrual basis consistent with hotel operations. For retail operations, revenue is recognized on a straight line basis over the lives of the retail leases. Revenue from retail operations is included in other income in the accompanying consolidated statements of operations and comprehensive income.
Participating Leases	Participating Leases
	The participating leases have non-cancelable terms of three years (from commencement), subject to earlier termination upon the occurrence of certain contingencies, as defined. Each participating lease requires LHL to pay the Operating Partnership or subsidiary the greater of (i) base rent in a fixed amount or (ii) participating rent based on certain percentages of room revenue, food and beverage revenue, telephone revenue and other revenue at the applicable hotel. Participating rent applicable to room and other hotel revenues varies by lease and is calculated by multiplying fixed percentages by the total amounts of such revenues over specified quarterly threshold amounts. Both the base rent and the participating rent thresholds used in computing percentage rents applicable to room and other hotel revenues, including food and beverage revenues, are subject to annual adjustments based on increases in the United States Consumer Price Index published by the Bureau of Labor Statistics of the United States of America Department of Labor, U.S. City Average, Urban Wage Earners and Clerical Workers. Lease revenue from LHL is eliminated in consolidation.
Share-Based Compensation	Share-Based Compensation
	From time to time, the Company awards nonvested 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 with service conditions or service and market conditions 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. Compensation expense for nonvested shares with service and performance conditions is recognized based on the fair value of the estimated number of shares expected to vest, as revised throughout the vesting period, adjusted for forfeitures. 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, revenues, expenses and net income or loss from less-than-wholly-owned subsidiaries are reported at the consolidated amounts, including both the amounts attributable to the Company and noncontrolling interests. Income or loss is allocated to noncontrolling interests based on their weighted average ownership percentage for the applicable period. Consolidated statements of equity include beginning balances, activity for the period and ending balances for shareholders’ equity, noncontrolling interests and total equity.
	However, the Company’s securities that are redeemable for cash or other assets at the option of the holder, not solely within the control of the issuer, must be classified outside of permanent equity. The Company makes this determination based on terms in applicable agreements, specifically in relation to redemption provisions. Additionally, with respect to noncontrolling interests for which the Company has a choice to settle the contract by delivery of its own shares, the Company evaluates whether the Company controls the actions or events necessary to issue the maximum number of shares that could be required to be delivered under share settlement of the contract.
	As of December 31, 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.
Income Taxes	Income Taxes
	The Company has elected to be taxed as a REIT under Sections 856 through 860 of the Code commencing with its taxable year ended December 31, 1998. To qualify as a REIT, the Company must meet a number of organizational and operational requirements, including a requirement that it currently distribute at least 90% of its adjusted taxable income to its shareholders. It is the Company’s current intention to adhere to these requirements and maintain the Company’s qualification for taxation as a REIT. As a REIT, the Company generally is not subject to federal corporate income tax on that portion of its net income that is currently distributed to shareholders. If the Company fails to qualify for taxation as a REIT in any taxable year, it will be subject to federal income taxes at regular corporate rates (including any applicable alternative minimum tax) and may not be able to qualify as a REIT for four subsequent taxable years. Even if the Company qualifies for taxation as a REIT, the Company may be subject to certain state and local taxes on its income and property, and to federal income and excise taxes on its undistributed taxable income. In addition, taxable income from non-REIT activities managed through a TRS is subject to federal, state and local income taxes. As a wholly owned TRS of the Company, LHL is required to pay income taxes at the applicable federal, state and local rates.
	Deferred tax assets and liabilities are recognized for the estimated future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases. Deferred tax assets and liabilities are measured using enacted tax rates in effect for the year in which those temporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities from a change in tax rates is recognized in earnings in the period when the new rate is enacted. However, deferred tax assets are recognized only to the extent that it is more likely than not that they will be realized based on consideration of available evidence, including future reversals of existing taxable temporary differences, future projected taxable income and tax planning strategies. The Company’s deferred tax assets balance consists primarily of state net operating loss carryforwards (see Note 9).
Earnings per Common Share	Earnings per Common Share
	Basic earnings per common share is based on the weighted average number of common shares of beneficial interest outstanding during the year excluding the weighted average number of unvested restricted shares (“participating securities” as defined in Note 11). The basic earnings per share calculation excludes the effect of such participating securities. Diluted earnings per common share is based on the basic weighted average number of common shares of beneficial interest outstanding plus the effect of in-the-money stock options and compensation-related shares. Any anti-dilutive shares are excluded from the diluted earnings per share calculation.
Comprehensive Income	Comprehensive Income
	The purpose of reporting comprehensive income is to report a measure of all changes in equity of an entity that result from recognized transactions and other economic events of the period other than transactions with owners in their capacity as owners. Comprehensive income consists of all components of income, including other comprehensive income, which is excluded from net income. For the years ended December 31, 2014, 2013 and 2012, comprehensive income was $209,631, $102,630 and $63,818, respectively. As of December 31, 2014 and 2013, the Company’s accumulated other comprehensive income was $748 and $4,603, respectively.
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 2012 and 2013 financial statements have been reclassified to conform with the 2014 presentation.

Investment_in_Properties_Table

Investment in Properties (Tables)	12 Months Ended
	Dec. 31, 2014
Investments [Abstract]
Investment in Hotel Properties	Investment in hotel properties as of December 31, 2014 and 2013 consists of the following:
		31-Dec-14				31-Dec-13
	Land	$	601,962			$	602,697
	Buildings and improvements	3,295,233				3,191,286
	Furniture, fixtures and equipment	596,879				557,090
	Investment in hotel properties, gross	4,494,074				4,351,073
	Accumulated depreciation	(1,065,518		)		(967,885		)
	Investment in hotel properties, net	$	3,428,556			$	3,383,188
Summary of Acquisitions	The following is a summary of the acquisitions:
												Acquisition
												Transaction Costs
	Hotel Name		Acquisition Date		Number of		Location		Purchase		Manager	For the year ended
					Rooms				Price			31-Dec-12
	Hotel Palomar, Washington, DC		March 8, 2012		335		Washington, DC		$	143,839	Kimpton Hotel & Restaurant Group, LLC	$	3,594
	L’Auberge Del Mar		December 6, 2012		120		Del Mar, CA		76,860		Destination Hotels & Resorts	157
	The Liberty Hotel		December 28, 2012		298		Boston, MA		170,000		HEI Hotels & Resorts	277
	Total for 2012 Acquisitions								$	390,699		$	4,028
	Viceroy Santa Monica (1)											100
	Mezzanine loan (2)											370
	Total											$	4,498
	(1) In connection with the acquisition of Viceroy Santa Monica on March 6, 2011, the Company incurred acquisition costs
	during the year ended December 31, 2012 related to the finalization of acquisition transactions.
	(2) See “Note Receivable” below.
	The following is a summary of the acquisitions:
												Acquisition
												Transaction Costs
	Hotel Name		Acquisition Date		Number of		Location		Purchase		Manager	For the year ended December 31, 2013
					Rooms				Price
	Harbor Court Hotel		1-Aug-13		131		San Francisco, CA		$	36,875	Kimpton Hotel & Restaurant Group, LLC	$	578
	Hotel Triton		1-Aug-13		140		San Francisco, CA		10,900		Kimpton Hotel & Restaurant Group, LLC	115
	Serrano Hotel		21-Aug-13		236		San Francisco, CA		71,500		Kimpton Hotel & Restaurant Group, LLC  (1)	1,010
	Southernmost Hotel Collection		August 27, 2013		260		Key West, FL		184,500		Highgate Hotels	943
	Total								$	303,775		$	2,646
	(1) Effective January 29, 2014, management transitioned to Access Hotels & Resorts.
	The following is a summary of the acquisitions:
												Acquisition
												Transaction Costs
	Hotel Name		Acquisition Date		Number of		Location		Purchase		Manager	For the year ended December 31, 2014
					Rooms				Price
	Hotel Vitale		2-Apr-14		200		San Francisco, CA		$	130,000	Commune Hotels and Resorts	$	1,864
	The Heathman Hotel		18-Dec-14		150		Portland, OR		64,325		JRK Hotel Group, Inc.	328
	Total for 2014 Acquisitions								$	194,325		$	2,192
	Land purchase (adjacent to Onyx Hotel)											64
	Park Central San Francisco (1)											123
	Total											$	2,379
	(1) On January 23, 2015, the Company acquired The Westin Market Street in San Francisco, CA and renamed the hotel, Park
	Central San Francisco (see Note 13).
Condensed Pro Forma Financial Information	The unaudited condensed pro forma financial information for the year ended December 31, 2013 is as follows:
		Year Ended December 31, 2013
	Total revenues	$	1,023,017
	Net income	$	95,881
	Net income attributable to common shareholders	$	76,610
	Earnings per common share - basic	$	0.74
	Earnings per common share - diluted	$	0.73
	Weighted average number of common shares outstanding:
	Basic	103,594,955
	Diluted	103,782,142

LongTerm_Debt_Tables

Long-Term Debt (Tables)	12 Months Ended
	Dec. 31, 2014
Long-term Debt, Other Disclosures [Abstract]
Components Of Long-Term Debt	Debt as of December 31, 2014 and 2013 consisted of the following:
							Balance Outstanding as of
	Debt		Interest		Maturity		December 31,			December 31,
			Rate		Date		2014			2013
	Credit facilities
	Senior unsecured credit facility		Floating (a)		January 2018 (a)		$	0		$	220,000
	LHL unsecured credit facility		Floating (b)		January 2018 (b)		0			606
	Total borrowings under credit facilities						0			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		133,347			135,315
	Indianapolis Marriott Downtown		5.99%		Jul-16		97,528			98,875
	The Roger		6.31%		Aug-16		60,215			61,416
	Mortgage loans at stated value						501,090			514,415
	Unamortized loan premium (g)						0			41
	Total mortgage loans						501,090			514,456
	Total debt						$	1,021,090		$	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. There were no borrowings outstanding at December 31, 2014. 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 December 31, 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 December 31, 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 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 letters of credit cannot be extended beyond the Massport Bonds’ maturity date. The bonds bear interest based on weekly floating rates. The interest rates as of December 31, 2014 were 0.13% and 0.03% 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. The Company also incurred an annual letter of credit fee 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 on 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.
Future Scheduled Debt Principal Payments	Future scheduled debt principal payments as of December 31, 2014 are as follows:
	2015	$	214,796
	2016	286,294
	2017	0
	2018	42,500
	2019	477,500
	Total debt	$	1,021,090
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 years ended December 31, 2014, 2013 and 2012 is as follows:
		For the year ended December 31,
		2014				2013			2012
	Interest Expense:
	Interest incurred	$	54,859			$	55,912		$	51,351
	Amortization of deferred financing costs	2,169				2,253			1,915
	Capitalized interest	(400		)		(649		)	(370		)
	Interest expense	$	56,628			$	57,516		$	52,896
	Weighted Average Interest Rates for Variable Rate Debt:
	Senior unsecured credit facility	1.9		%		2.1		%	2.2		%
	LHL unsecured credit facility	1.9		%		2		%	2.1		%
	Massport Bonds	0.4		%		0.2		%	0.3		%
Schedule of Derivative Instruments, Gain (Loss) in Statement of Financial Performance	The following table presents the effect of derivative instruments on the Company’s accompanying 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 years ended December 31, 2014, 2013 and 2012:
			Amount of Gain (Loss) Recognized in OCI on Derivative Instruments										Location of (Loss) Gain Reclassified from AOCI into Income	Amount of (Loss) Gain Reclassified from AOCI into Income
			(Effective Portion)										(Effective Portion)	(Effective Portion)
			For the year ended											For the year ended
			December 31,											December 31,
			2014				2013			2012				2014			2013		2012
	Derivatives in cash flow hedging relationships:
	Interest rate swaps		$	544			$	8,127		$	(9,833	)	Interest expense	$	(4,410	)	$	4,248	$	2,074

Commitments_And_Contingencies_

Commitments And Contingencies (Tables)	12 Months Ended
	Dec. 31, 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:
	2015	$	11,552
	2016	11,775
	2017	12,044
	2018	12,231
	2019	12,206
	Thereafter	525,155
		$	584,963

Equity_Tables

Equity (Tables)

12 Months Ended

Dec. 31, 2014

Stockholders' Equity Note [Abstract]

Schedule of Dividends Paid on Common Shares/Units

The Company paid the following dividends on common shares/units during the year ended December 31, 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

31-Mar-14

31-Mar-14

15-Apr-14

$

0.38

30-Jun-14

30-Jun-14

15-Jul-14

$

0.38

30-Sep-14

30-Sep-14

15-Oct-14

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

Preferred Shares Outstanding

The following Preferred Shares were outstanding as of December 31, 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 year ended December 31, 2014:

Dividend per

For the

Security Type

Share (1)

Quarter Ended

Record Date

Payable Date

7 ¼% Series G

$

0.45

December 31, 2013

January 1, 2014

January 15, 2014

7 ½% Series H

$

0.47

December 31, 2013

January 1, 2014

January 15, 2014

6 ⅜% Series I

$

0.4

December 31, 2013

January 1, 2014

January 15, 2014

7 ¼% Series G

$

0.45

March 31, 2014

April 1, 2014

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

7 ½% Series H

$

0.47

September 30, 2014

October 1, 2014

October 15, 2014

6 ⅜% Series I

$

0.4

September 30, 2014

October 1, 2014

October 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 year ended December 31,

2014

2013

2012

Net income attributable to common shareholders

$

197,561

$

70,984

$

45,146

Decrease in additional paid-in capital from adjustments to noncontrolling interests of common units in Operating Partnership

(397

)

(213

)

(872

)

Change from net income attributable to common shareholders and adjustments to noncontrolling interests

$

197,164

$

70,771

$

44,274

Equity_Incentive_Plan_Tables

Equity Incentive Plan (Tables)	12 Months Ended
	Dec. 31, 2014
Employee Stock Ownership Plan (ESOP), Shares in ESOP [Abstract]
Summary Of The Company's Nonvested Restricted Shares With Service Conditions	A summary of the Company’s nonvested shares with service conditions as of December 31, 2014 is as follows:
		Number of		Weighted -
		Shares		Average Grant
				Date Fair Value
	Nonvested at January 1, 2014	333,417		$	29.11
	Granted	93,821		33.23
	Vested	(167,108	)	28.53
	Forfeited	(3,751	)	29.19
	Nonvested at December 31, 2014 (1)	256,379		$	31
	(1)	Amount excludes 29,276 share awards with market conditions which were earned but nonvested due to a service condition as of December 31, 2014.
Assumptions Of Performance Measures For Valuation	The assumptions used were as follows for each performance measure:
		Volatility		Interest		Dividend	Stock	Fair Value of		Weighting
				Rates		Yield	Beta	Components		of Total
								of Award		Awards
	May 31, 2008 Awards (performance period starting July 1, 2014)
	Target amounts	33.3	%	0.9	%	N/A	N/A	$	32.57	20	%
	NAREIT index	33.3	%	0.9	%	N/A	1.356	$	39.26	40	%
	Peer companies	33.3	%	0.9	%	N/A	0.908	$	38.15	40	%
	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	%
	January 30, 2013 Awards (performance period starting January 1, 2013)
	Target amounts	38.7	%	0.42	%	N/A	N/A	$	29.38	33.4	%
	Return on invested capital	N/A		N/A		N/A	N/A	$	27.2	33.3	%
	Peer companies	38.7	%	0.42	%	N/A	0.864	$	30.51	33.3	%
	January 30, 2013 Awards (performance period starting July 1, 2013)
	Target amounts	38.7	%	0.42	%	N/A	N/A	$	27.7	33.4	%
	Return on invested capital	N/A		N/A		N/A	N/A	$	27.2	33.3	%
	Peer companies	38.7	%	0.42	%	N/A	0.864	$	31.34	33.3	%
	January 26, 2012 Awards
	Target amounts	65.3	%	0.31	%	N/A	N/A	$	36.22	33.4	%
	NAREIT index	65.3	%	0.31	%	N/A	1.37	$	35.25	33.3	%
	Peer companies	65.3	%	0.31	%	N/A	0.911	$	35.33	33.3	%
	May 31, 2008 Awards (performance period starting July 1, 2011)
	Target amounts	83.3	%	0.85	%	N/A	N/A	$	37.64	20	%
	NAREIT index	83.3	%	0.85	%	N/A	1.318	$	36.27	40	%
	Peer companies	83.3	%	0.85	%	N/A	0.892	$	38.79	40	%
	January 24 and 26, 2011 Awards
	Target amounts	84.3	%	1.05	%	N/A	N/A	$	40.43	33.4	%
	NAREIT index	84.3	%	1.05	%	N/A	1.3	$	38.85	33.3	%
	Peer companies	84.3	%	1.05	%	N/A	0.898	$	41.24	33.3	%
	May 31, 2008 Awards (performance period starting July 1, 2008)
	Target amounts	30.8	%	2.9	%	N/A	N/A	$	24.81	20	%
	NAREIT index	30.8	%	2.9	%	N/A	1.152	$	27.61	40	%
	Peer companies	30.8	%	2.9	%	N/A	1.022	$	28	40	%
Summary Of The Company's Restricted Share Awards with Either Market or Performance Conditions	A summary of the Company’s restricted share awards with either market or performance conditions as of December 31, 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 December 31, 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)	12 Months Ended
	Dec. 31, 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 year ended December 31,
		2014			2013		2012
	General and administrative	$	87,210		$	76,699	$	67,465
	Sales and marketing	61,249			55,752		49,803
	Repairs and maintenance	37,169			33,741		30,753
	Management and incentive fees	36,463			32,850		29,301
	Utilities and insurance	32,296			29,077		26,465
	Franchise fees	8,346			7,601		6,606
	Other expenses	1,775			1,666		1,608
	Total other indirect expenses	$	264,508		$	237,386	$	212,001
Schedule of Hotels Owned	As of December 31, 2014, LHL leased all 45 hotels owned by the Company as follows:
			Hotel Properties	Location
	1		Hotel Amarano Burbank	Burbank, CA
	2		L’Auberge Del Mar	Del Mar, CA
	3		Hilton San Diego Gaslamp Quarter	San Diego, CA
	4		Hotel Solamar	San Diego, CA
	5		San Diego Paradise Point Resort and Spa	San Diego, CA
	6		The Hilton San Diego Resort and Spa	San Diego, CA
	7		Harbor Court Hotel	San Francisco, CA
	8		Hotel Monaco San Francisco	San Francisco, CA
	9		Hotel Triton	San Francisco, CA
	10		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		The Donovan	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		The Roger	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		The Heathman Hotel	Portland, OR
	41		Embassy Suites Philadelphia - Center City	Philadelphia, PA
	42		Westin Philadelphia	Philadelphia, PA
	43		Lansdowne Resort	Lansdowne,VA
	44		Alexis Hotel	Seattle, WA
	45		Hotel Deca	Seattle, WA

Income_Taxes_Tables

Income Taxes (Tables)	12 Months Ended
	Dec. 31, 2014
Income Tax Disclosure [Abstract]
Schedule of Distributions Paid Per Common Share of Beneficial Interest and Preferred Share on a Tax Basis	The following characterizes distributions paid per common share of beneficial interest and preferred share on a tax basis for the years ended December 31, 2014, 2013 and 2012:
		2014						2013						2012
		$			%			$				%		$		%
	Common shares of beneficial interest
	Ordinary income	$	1.19		81.75	%		$	1.0305			100	%	$	0.6989	100	%
	Capital gain	0.2656			18.25	%		0				0	%	0		0	%
		$	1.4556		100	%		$	1.0305			100	%	$	0.6989	100	%
	Preferred shares (Series D)
	Ordinary income	$	0		0	%		$	0			0	%	$	1.2031	100	%
	Preferred shares (Series E)
	Ordinary income	$	0		0	%		$	0			0	%	$	1.2833	100	%
	Preferred shares (Series G)
	Ordinary income	$	0		0	%		$	1.8125			100	%	$	1.8125	100	%
	Preferred shares (Series G redeemed) (1)
	Ordinary income	$	0		0	%		$	0.9314			100	%	$	1.8125	100	%
	Preferred shares (Series G redeemed) (2)
	Ordinary income	$	1.1237		81.75	%		$	1.8125			100	%	$	1.8125	100	%
	Capital gain	0.2508			18.25	%		0				0	%	0		0	%
		$	1.3745		100	%		$	1.8125			100	%	$	1.8125	100	%
	Preferred shares (Series H)
	Ordinary income	$	1.5329		81.75	%		$	1.875			100	%	$	1.875	100	%
	Capital gain	0.3421			18.25	%		0				0	%	0		0	%
		$	1.875		100	%		$	1.875			100	%	$	1.875	100	%
	Preferred shares (Series I)
	Ordinary income	$	1.303		81.75	%		$	0.9784			100	%	$	0	0	%
	Capital gain	0.2908			18.25	%		0				0	%	0		0	%
		$	1.5938		100	%		$	0.9784			100	%	$	0	0	%
	(1) On April 5, 2013, the Company redeemed a portion of its Series G Preferred Shares (see Note 6).
	(2) On July 3, 2014, the Company redeemed its remaining Series G Preferred Shares (see Note 6).
Summary of Income Tax Expense	Income tax expense was comprised of the following for the years ended December 31, 2014, 2013 and 2012:
		For the year ended December 31,
		2014			2013				2012
	LHL’s income tax expense (benefit)	$	1,260		$	(308	)		$	8,983
	Operating Partnership’s income tax expense	1,046			778				79
	Total income tax expense	$	2,306		$	470			$	9,062
Components of Income Tax Expense (Benefit) and Income Loss Before Income Tax Expense (Benefit)	The components of LHL’s income tax expense (benefit) and income before income tax expense (benefit) for the years ended December 31, 2014, 2013 and 2012 were as follows:
		For the year ended December 31,
		2014			2013				2012
	LHL’s income tax expense (benefit):
	Federal
	Current	$	912		$	(50	)		$	3,325
	Deferred	372			51				3,591
	State & local
	Current	297			(47		)		1,694
	Deferred	(321		)	(262		)		373
	Total	$	1,260		$	(308	)		$	8,983
	LHL’s income before income tax expense (benefit)	$	3,559		$	615			$	21,089
Schedule of Difference of provision for Income Taxes From Income Tax Determined By Applying The U.S. Statutory Federal Income Tax Rate	LHL’s provision for income taxes differs from the amount of income tax determined by applying the applicable U.S. statutory federal income tax rate to LHL’s pretax income for the years ended December 31, 2014, 2013 and 2012 as a result of the following differences:
		For the year ended December 31,
		2014			2013				2012
	“Expected” federal tax expense at statutory rate	$	1,210		$	209			$	7,170
	State income tax expense, net of federal income tax effect	302			50				1,801
	Other, net	(252		)	(567		)		12
	Income tax expense (benefit)	$	1,260		$	(308	)		$	8,983
Components of LHL's Deferred Tax Assets (Liabilities)	LHL’s deferred tax assets (liabilities) as of December 31, 2014 and 2013 were as follows:
		December 31,
		2014			2013
	Net operating loss carryforwards	$	1,618		$	1,297
	Bad debt reserves	214			228
	Golf membership deferred revenue	(256		)	(28		)
	Other, net	(129		)	0
	Total deferred tax assets	$	1,447		$	1,497
Unrecognized Tax Benefits	A reconciliation of the beginning and ending amount of unrecognized tax benefits is as follows:
		Year ended December 31,
		2014			2013				2012
	Balance at beginning of year	$	0		$	0			$	708
	Reductions	0			0				(708		)
	Balance at end of year	$	0		$	0			$	0

Fair_Value_Measurements_Fair_V

Fair Value Measurements Fair Value Measurements (Tables)	12 Months Ended
	Dec. 31, 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
				December 31, 2014				December 31, 2013
				Using Significant Other Observable
				Inputs (Level 2)
	Description		Consolidated Balance Sheet Location
	Derivative interest rate instruments		Prepaid expenses and other assets	$	1,520		(1)	$	4,616
	Derivative interest rate instruments		Accounts payable and accrued expenses	$	770		(2)	$	0
	(1)	Amount relates to interest rate swaps for the Second Term Loan.
	(2)	Amount relates to interest rate swaps for the First Term Loan.
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 December 31, 2014 and 2013:
		December 31, 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	$	0		$	0			$	220,606	$	220,957
	Term loans	$	477,500		$	476,996			$	477,500	$	477,053
	Bonds payable	$	42,500		$	42,500			$	42,500	$	42,500
	Mortgage loans	$	501,090		$	510,250			$	514,456	$	522,788

Earnings_Per_Common_Share_Tabl

Earnings Per Common Share (Tables)	12 Months Ended
	Dec. 31, 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 year ended December 31,
		2014			2013			2012
	Numerator:
	Net income attributable to common shareholders	$	197,561		$	70,984		$	45,146
	Dividends paid on unvested restricted shares	(411		)	(353		)	(270		)
	Undistributed earnings attributable to unvested restricted shares	(138		)	0			0
	Net income attributable to common shareholders excluding amounts attributable to unvested restricted shares	$	197,012		$	70,631		$	44,876
	Denominator:
	Weighted average number of common shares - basic	104,188,785			97,041,484			85,757,969
	Effect of dilutive securities:
	Compensation-related shares	357,110			187,187			139,305
	Weighted average number of common shares - diluted	104,545,895			97,228,671			85,897,274
	Earnings per Common Share - Basic:
	Net income attributable to common shareholders excluding amounts attributable to unvested restricted shares	$	1.89		$	0.73		$	0.52
	Earnings per Common Share - Diluted:
	Net income attributable to common shareholders excluding amounts attributable to unvested restricted shares	$	1.88		$	0.73		$	0.52

Supplemental_Information_To_St1

Supplemental Information To Statements Of Cash Flows (Tables)	12 Months Ended
	Dec. 31, 2014
Supplemental Cash Flow Information [Abstract]
Supplemental Information to Statements of Cash Flows
		For the year ended December 31,
		2014			2013			2012
	Interest paid, net of capitalized interest	$	54,558		$	55,754		$	50,154
	Interest capitalized	400			649			370
	Income taxes paid, net	815			2,353			8,012
	Increase in distributions payable on common shares	13,227			10,044			9,899
	Decrease in distributions payable on preferred shares	(1,064		)	(59		)	(3,236		)
	Write-off of fully depreciated furniture, fixtures and equipment	582			7,888			0
	Write-off of fully amortized deferred financing costs	273			203			162
	(Decrease) increase in accrued capital expenditures	(994		)	3,116			(242		)
	Grant of nonvested shares and awards to employees and executives, net	7,953			5,258			4,764
	Issuance of common shares for Board of Trustees compensation	602			277			494
	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		$	0
	Other assets	1,397			0			0
	Liabilities	(1,480		)	0			0
	Sale of properties	$	167,838		$	0		$	0
	In conjunction with the acquisition of properties, the Company assumed
	assets and liabilities and issued units as follows:
	Investment in properties (after credits at closing)	$	(194,198	)	$	(349,802	)	$	(390,076	)
	Other assets	(1,361		)	(2,509		)	(1,623		)
	Liabilities	4,448			50,176			5,084
	Acquisition of properties	$	(191,111	)	$	(302,135	)	$	(386,615	)

Subsequent_Events_Tables

Subsequent Events (Tables)	12 Months Ended
	Dec. 31, 2014
Subsequent Events [Abstract]
Components Of Common And Preferred Share Dividends	The Company paid the following common and preferred share dividends subsequent to December 31, 2014:
			Dividend per		For the Quarter	Record	Payable
	Security Type		Share/Unit (1)		Ended	Date	Date
	Common Shares/Units		$	0.38	31-Dec-14	December 31, 2014	15-Jan-15
	7 ½% Series H Preferred Shares		$	0.47	31-Dec-14	1-Jan-15	15-Jan-15
	6 ⅜% Series I Preferred Shares		$	0.4	December 31, 2014	January 1, 2015	January 15, 2015
	(1)	Amounts are rounded to the nearest whole cent for presentation purposes.

Quarterly_Operating_Results_Qu

Quarterly Operating Results Quarterly Operating Results (Tables)	12 Months Ended
	Dec. 31, 2014
Quarterly Financial Information Disclosure [Abstract]
Schedule of Quarterly Operating Data	The Company’s unaudited consolidated quarterly operating data for the years ended December 31, 2014 and 2013 (in thousands, except per share data) follows. In the opinion of management, all adjustments (consisting of normal recurring accruals) necessary for a fair presentation of quarterly results have been reflected in the data. It is also management’s opinion, however, that quarterly operating data for hotel enterprises are not indicative of results to be achieved in succeeding quarters or years.
		Year Ended December 31, 2014
		First			Second			Third			Fourth
		Quarter			Quarter			Quarter			Quarter
	Total revenues	$	220,653		$	356,663		$	357,661		$	269,818
	Total expenses	225,524			265,695			256,149			243,930
	Net (loss) income	(4,871		)	90,968			101,512			25,888
	Net loss (income) attributable to noncontrolling interests	6			(274		)	(297		)	(87		)
	Distributions to preferred shareholders	(4,107		)	(4,142		)	(3,042		)	(3,042		)
	Issuance costs of redeemed preferred shares	0			(942		)	(9		)	0
	Net (loss) income attributable to common shareholders	$	(8,972	)	$	85,610		$	98,164		$	22,759
	Earnings per Common Share—Basic:
	Net (loss) income attributable to common shareholders excluding amounts attributable to unvested restricted shares	$	(0.09	)	$	0.82		$	0.94		$	0.22
	Earnings per Common Share—Diluted:
	Net (loss) income attributable to common shareholders excluding amounts attributable to unvested restricted shares	$	(0.09	)	$	0.82		$	0.94		$	0.21
	Weighted average number of common shares outstanding:
	Basic	103,691,657			103,698,332			103,798,853			105,550,157
	Diluted	103,691,657			104,024,472			104,133,553			105,902,098
		Year Ended December 31, 2013
		First			Second			Third			Fourth
		Quarter			Quarter			Quarter			Quarter
	Total revenues	$	194,073		$	265,955		$	272,434		$	254,510
	Total expenses	196,403			224,949			239,686			235,679
	Net (loss) income	(2,330		)	41,006			32,748			18,831
	Net income attributable to noncontrolling interests	0			(143		)	(108		)	(69		)
	Distributions to preferred shareholders	(5,065		)	(4,107		)	(4,106		)	(4,107		)
	Issuance costs of redeemed preferred shares	0			(1,566		)	0			0
	Net (loss) income attributable to common shareholders	$	(7,395	)	$	35,190		$	28,534		$	14,655
	Earnings per Common Share—Basic:
	Net (loss) income attributable to common shareholders excluding amounts attributable to unvested restricted shares	$	(0.08	)	$	0.37		$	0.3		$	0.14
	Earnings per Common Share—Diluted:
	Net (loss) income attributable to common shareholders excluding amounts attributable to unvested restricted shares	$	(0.08	)	$	0.37		$	0.3		$	0.14
	Weighted average number of common shares outstanding:
	Basic	95,166,029			95,465,464			95,890,474			101,585,583
	Diluted	95,166,029			95,630,066			96,082,340			101,820,954

Organization_Narrative_Details

Organization (Narrative) (Details)	12 Months Ended
	Dec. 31, 2014
	Hotels
	Guest_Rooms
	States
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Number of hotels	45
Number of guest rooms	11,300
Number of states in which hotels located	10
LHL leases expiration dates	between December 2015 and December 2017
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) (USD $)	12 Months Ended
In Thousands, unless otherwise specified	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Significant Accounting Policies [Line Items]
Accumulated amortization of deferred finance cost	$3,436	$4,988
Participating lease term (in years)	3 years
Percentage of adjusted taxable income distributed to shareholders to qualify for REIT, minimum	90.00%
Number of Years Unable to Qualify as Real Estate Investment Trust	4 years
Comprehensive income	209,631	102,630	63,818
Accumulated other comprehensive income (loss)	$748	$4,603
Building Improvements [Member]
Significant Accounting Policies [Line Items]
Estimated useful life, minimum (in years)	15 years
Land Improvements [Member]
Significant Accounting Policies [Line Items]
Estimated useful life, minimum (in years)	7 years
Golf Course Land Improvements [Member]
Significant Accounting Policies [Line Items]
Estimated useful life, minimum (in years)	20 years
Swimming Pool Assets [Member]
Significant Accounting Policies [Line Items]
Estimated useful life, minimum (in years)	20 years
Minimum [Member] | Building [Member]
Significant Accounting Policies [Line Items]
Estimated useful life, minimum (in years)	30 years
Minimum [Member] | Furniture and Fixtures [Member]
Significant Accounting Policies [Line Items]
Estimated useful life, minimum (in years)	3 years
Maximum [Member] | Building [Member]
Significant Accounting Policies [Line Items]
Estimated useful life, minimum (in years)	40 years
Maximum [Member] | Furniture and Fixtures [Member]
Significant Accounting Policies [Line Items]
Estimated useful life, minimum (in years)	5 years
2014 Plan [Member]
Significant Accounting Policies [Line Items]
Remaining years	9 years
Vesting period (in years)	3 years

Investment_in_Properties_Detai

Investment in Properties (Details) (USD $)	Dec. 31, 2014	Dec. 31, 2013
In Thousands, unless otherwise specified
Investments [Abstract]
Land	$601,962	$602,697
Buildings and improvements	3,295,233	3,191,286
Furniture, fixtures and equipment	596,879	557,090
Investment in hotel properties, gross	4,494,074	4,351,073
Accumulated depreciation	-1,065,518	-967,885
Investment in hotel properties, net	$3,428,556	$3,383,188

Investment_in_Properties_Narra

Investment in Properties (Narrative) (Details) (USD $)	12 Months Ended
In Thousands, unless otherwise specified	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
	Hotels
Investment In Hotel Properties [Line Items]
Buildings and improvements	$3,295,233	$3,191,286
Real Estate Investment Property, Accumulated Depreciation	1,065,518	967,885
Development in Process	35,613	15,394
Capitalized Interest Costs, Including Allowance for Funds Used During Construction	400	649	370
Number of hotels	45
California [Member]
Investment In Hotel Properties [Line Items]
Number of hotels	18
District Of Columbia [Member]
Investment In Hotel Properties [Line Items]
Number of hotels	9
Florida [Member]
Investment In Hotel Properties [Line Items]
Number of hotels	1
Indiana [Member]
Investment In Hotel Properties [Line Items]
Number of hotels	1
Illinois [Member]
Investment In Hotel Properties [Line Items]
Number of hotels	2
Massachusetts [Member]
Investment In Hotel Properties [Line Items]
Number of hotels	4
New York [Member]
Investment In Hotel Properties [Line Items]
Number of hotels	4
Oregon [Member]
Investment In Hotel Properties [Line Items]
Number of hotels	1
Pennsylvania [Member]
Investment In Hotel Properties [Line Items]
Number of hotels	2
Virginia [Member]
Investment In Hotel Properties [Line Items]
Number of hotels	1
Washington State [Member]
Investment In Hotel Properties [Line Items]
Number of hotels	2
Capital Lease Assets [Member]
Investment In Hotel Properties [Line Items]
Buildings and improvements	186,711	186,711
Capital Lease Assets, Accumulated Depreciation [Member]
Investment In Hotel Properties [Line Items]
Real Estate Investment Property, Accumulated Depreciation	$15,513	$10,104

Investment_in_Properties_Inves

Investment in Properties Investment in Joint Venture (Narrative) (Details)	Dec. 31, 2014	Dec. 31, 2012	Dec. 28, 2012
		Guest_Rooms	Guest_Rooms
Noncontrolling Interest, Ownership Percentage by Parent	99.70%
Ownership percentage by limited partners	0.30%
The Liberty Hotel [Member]
Noncontrolling Interest, Ownership Percentage by Parent			99.99%
Number of Rooms Acquired		298	298
Ownership percentage by limited partners			0.01%

Investment_in_Properties_Acqui

Investment in Properties Acquisitions (Narrative) (Details) (USD $)	12 Months Ended			0 Months Ended
In Thousands, unless otherwise specified	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012	Apr. 30, 2014	Dec. 28, 2012	Aug. 01, 2013
	Hotels	Hotels	Hotels		Hotels
Buildings and Improvements, Gross	$3,295,233	$3,191,286
Ownership Percent	100.00%	100.00%	100.00%
Number of Hotels Acquired	2	4	2		1
Noncontrolling Interest, Ownership Percentage by Parent	99.70%
Business Combination, Pro Forma Information, Revenue of Acquiree since Acquisition Date, Actual	27,988	26,591	26,647
Business Combination, Pro Forma Information, Earnings or Loss of Acquiree since Acquisition Date, Actual	2,018	2,683	2,368
The Liberty Hotel [Member]
Noncontrolling Interest, Ownership Percentage by Parent					99.99%
Harbor Court Hotel [Member]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Property, Plant, and Equipment						736
Hotel Triton [Member]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Property, Plant, and Equipment						1,399
Onyx Hotel [Member]
Payments to Acquire Land, Effective Date of Payment				30-Apr-14
Payments to Acquire Land				2,500
Capital Lease Assets [Member]
Buildings and Improvements, Gross	186,711	186,711
Capital Lease Assets [Member] | Harbor Court Hotel [Member]
Buildings and Improvements, Gross						54,563
Capital Lease Assets [Member] | Hotel Triton [Member]
Buildings and Improvements, Gross						$37,253

Acquisitions_Details

Acquisitions (Details) (USD $)	12 Months Ended						0 Months Ended
In Thousands, unless otherwise specified	Dec. 31, 2014		Dec. 31, 2013		Dec. 31, 2012		Mar. 06, 2011	Apr. 02, 2014	Jan. 23, 2015	Dec. 28, 2012
										Guest_Rooms
Investment In Hotel Properties [Line Items]
Purchase Price	$194,325		$303,775		$390,699
Acquisition Transaction Costs	2,379		2,646		4,498
Hotel Palomar, Washington, DC [Member]
Investment In Hotel Properties [Line Items]
Acquisition Date					8-Mar-12
Number of Rooms					335
Location					Washington, DC
Purchase Price					143,839
Manager					Kimpton Hotel & Restaurant Group, LLC
Acquisition Transaction Costs					3,594
L'Auberge Del Mar [Member]
Investment In Hotel Properties [Line Items]
Acquisition Date					6-Dec-12
Number of Rooms					120
Location					Del Mar, CA
Purchase Price					76,860
Manager					Destination Hotels & Resorts
Acquisition Transaction Costs					157
The Liberty Hotel [Member]
Investment In Hotel Properties [Line Items]
Acquisition Date					28-Dec-12
Number of Rooms					298					298
Location					Boston, MA
Purchase Price					170,000
Manager					HEI Hotels & Resorts
Acquisition Transaction Costs					277
2012 Acquisitions [Member]
Investment In Hotel Properties [Line Items]
Acquisition Transaction Costs					4,028
Viceroy Santa Monica [Member]
Investment In Hotel Properties [Line Items]
Acquisition Date							6-Mar-11
Acquisition Transaction Costs					100	[1]
Mezzanine Loan [Member]
Investment In Hotel Properties [Line Items]
Acquisition Transaction Costs					370	[2]
Harbor Court Hotel [Member]
Investment In Hotel Properties [Line Items]
Acquisition Date			1-Aug-13
Number of Rooms			131
Location			San Francisco, CA
Purchase Price			36,875
Manager			Kimpton Hotel & Restaurant Group, LLC
Acquisition Transaction Costs			578
Hotel Triton [Member]
Investment In Hotel Properties [Line Items]
Acquisition Date			1-Aug-13
Number of Rooms			140
Location			San Francisco, CA
Purchase Price			10,900
Manager			Kimpton Hotel & Restaurant Group, LLC
Acquisition Transaction Costs			115
Serrano Hotel [Member]
Investment In Hotel Properties [Line Items]
Acquisition Date			21-Aug-13
Number of Rooms			236
Location			San Francisco, CA
Purchase Price			71,500
Manager			Kimpton Hotel & Restaurant Group, LLC	[3]
Acquisition Transaction Costs			1,010
Southernmost Hotel Collection [Member]
Investment In Hotel Properties [Line Items]
Acquisition Date			27-Aug-13
Number of Rooms			260
Location			Key West, FL
Purchase Price			184,500
Manager			Highgate Hotels
Acquisition Transaction Costs			943
Hotel Vitale [Member]
Investment In Hotel Properties [Line Items]
Acquisition Date	2-Apr-14							2-Apr-14
Number of Rooms	200
Location	San Francisco, CA
Purchase Price	130,000
Manager	Commune Hotels and Resorts
Acquisition Transaction Costs	1,864
The Heathman Hotel [Member]
Investment In Hotel Properties [Line Items]
Acquisition Date	18-Dec-14
Number of Rooms	150
Location	Portland, OR
Purchase Price	64,325
Manager	JRK Hotel Group, Inc.
Acquisition Transaction Costs	328
2014 Acquisitions [Member]
Investment In Hotel Properties [Line Items]
Acquisition Transaction Costs	2,192
Park Central San Francisco [Member]
Investment In Hotel Properties [Line Items]
Acquisition Transaction Costs	123	[4]
Onyx Hotel [Member]
Investment In Hotel Properties [Line Items]
Acquisition Transaction Costs	64
Subsequent Event [Member] | Park Central San Francisco [Member]
Investment In Hotel Properties [Line Items]
Acquisition Date									23-Jan-15
Number of Rooms									681
Purchase Price									$350,000
[1]	In connection with the acquisition of Viceroy Santa Monica on March 6, 2011, the Company incurred acquisition costs during the year ended December 31, 2012 related to the finalization of acquisition transactions.
[2]	See “Note Receivable” below.
[3]	Effective January 29, 2014, management transitioned to Access Hotels & Resorts.
[4]	On January 23, 2015, the Company acquired The Westin Market Street in San Francisco, CA and renamed the hotel, Park Central San Francisco (see Note 13).

Investment_in_Properties_Dispo

Investment in Properties Dispositions (Narrative) (Details) (USD $)	12 Months Ended			0 Months Ended
In Thousands, unless otherwise specified	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012	Apr. 02, 2014	Jun. 17, 2014	Sep. 10, 2014
Gain (Loss) on Sale of Properties, Net of Applicable Income Taxes	$93,205	$0	$0
Hotel Vitale [Member]
Business Acquisition, Effective Date of Acquisition	2-Apr-14			2-Apr-14
Hilton Alexandria Old Town [Member]
Disposals including Discontinued Operations, Effective Date of Disposal					17-Jun-14
Proceeds from sale of properties					93,380
Gain (Loss) on Sale of Properties, Net of Applicable Income Taxes	43,548
Hotel Viking [Member]
Disposals including Discontinued Operations, Effective Date of Disposal						10-Sep-14
Proceeds from sale of properties						77,000
Gain (Loss) on Sale of Properties, Net of Applicable Income Taxes	$49,657

Investment_in_Properties_Note_

Investment in Properties Note Receivable (Narrative) (Details) (USD $)	0 Months Ended	12 Months Ended
In Thousands, unless otherwise specified	Feb. 10, 2014	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012		Jul. 13, 2012
Unamortized discount on note receivable		$0	$986
Acquisition Transaction Costs		2,379	2,646	4,498
Repayment of note receivable	72,000	72,000	0	0
Mezzanine Loan [Member]
Unamortized discount on note receivable						4,584
Notes, Loans and Financing Receivable, Purchase Price						67,416
Notes, Loans and Financing Receivable, Stated Percentage						9.76%
Notes, Loans And Financing Receivable, Mortgage Subordinate						310,000
Acquisition Transaction Costs				$370	[1]
[1]	See “Note Receivable” below.

Condensed_Pro_Forma_Financial_

Condensed Pro Forma Financial Information (Details) (USD $)	12 Months Ended
In Thousands, except Share data, unless otherwise specified	Dec. 31, 2013
Investments [Abstract]
Total revenues	$1,023,017
Net income	95,881
Net income attributable to common shareholders	$76,610
Earnings per common share - basic (in dollars per share)	$0.74
Earnings per common share - diluted (in dollars per share)	$0.73
Weighted average number of common shares outstanding, Basic (in shares)	103,594,955
Weighted average number of common shares outstanding, Diluted (in shares)	103,782,142

Investment_in_Properties_Conde

Investment in Properties Condensed Pro Forma Financial Information (Narrative) (Details)	Dec. 31, 2014	Dec. 24, 2014	Dec. 12, 2014	Dec. 31, 2013	Oct. 25, 2013	31-May-13
Condensed Pro Forma Financial Information (Unaudited) (Narrative) [Abstract]
Common shares, shares issued	112,828,536	1,140,000	7,600,000	103,963,828	7,705,000
2013 Agreement [Member]
Condensed Pro Forma Financial Information (Unaudited) (Narrative) [Abstract]
Common shares, shares issued						721,706

Debt_Summary_Details

Debt Summary (Details) (USD $)	12 Months Ended		0 Months Ended
In Thousands, unless otherwise specified	Dec. 31, 2014		Jan. 08, 2014		16-May-12	Aug. 02, 2012	Sep. 30, 2014	1-May-14	Dec. 31, 2013
Debt Instrument [Line Items]
Credit facilities	0								$220,606
Term loans	477,500								477,500
Massport Bonds	42,500								42,500
Mortgage loans	501,090								514,415
Unamortized loan premium	0								41
Total mortgage loans	501,090								514,456
Total debt	1,021,090								1,255,062
Massport Bonds [Member]
Debt Instrument [Line Items]
Debt maturity date	1-Mar-18
Line of Credit [Member] | Senior Unsecured Credit Facility [Member]
Debt Instrument [Line Items]
Credit facility interest rate	Floating	[1]
Credit facility maturity date			8-Jan-18	[1]
Credit facilities	0								220,000
Interest rate on variable rate debt									1.92%
Line of Credit Facility Number of Extension Options	2
Line of Credit Facility Extension Option Period	6 months
Line of Credit [Member] | LHL Unsecured Credit Facility [Member]
Debt Instrument [Line Items]
Credit facility interest rate	Floating	[2]
Credit facility maturity date			8-Jan-18	[2]
Credit facilities	0								606
Interest rate on variable rate debt									1.92%
Line of Credit Facility Number of Extension Options	2
Line of Credit Facility Extension Option Period	6 months
Term Loan [Member] | First Term Loan [Member]
Debt Instrument [Line Items]
Mortgage bond interest rate	Floating	[3]
Fixed interest rate	3.62%								3.62%
Debt maturity date					16-May-19
Term loans	177,500				177,500				177,500
Debt Instrument, Term	7 years
Term Loan [Member] | Second Term Loan [Member]
Debt Instrument [Line Items]
Mortgage bond interest rate	Floating	[3]
Fixed interest rate	2.38%								2.43%
Debt maturity date			8-Jan-19
Term loans	300,000		300,000						300,000
Debt Instrument, Term	5 years
Derivative, Maturity Date						2-Aug-17
Notes Payable, Other Payables [Member] | Taxable Bond of Hyatt Boston Harbor [Member]
Debt Instrument [Line Items]
Mortgage bond interest rate	Floating	[4]
Debt maturity date	1-Mar-18
Massport Bonds	5,400								5,400
Interest rate on variable rate debt	0.13%								0.70%
Notes Payable, Other Payables [Member] | Tax Exempted Bond of Hyatt Boston Harbor [Member]
Debt Instrument [Line Items]
Mortgage bond interest rate	Floating	[4]
Debt maturity date	1-Mar-18
Massport Bonds	37,100								37,100
Interest rate on variable rate debt	0.03%								0.40%
Notes Payable, Other Payables [Member] | Massport Bonds [Member]
Debt Instrument [Line Items]
Credit facility maturity date							30-Sep-16
Line of Credit Facility Number of Extension Options	2
Line of Credit Facility Extension Option Period	1 year
Line of Credit Annual Fees Percentage							1.35%
Mortgages [Member]
Debt Instrument [Line Items]
Unamortized loan premium	0	[5]							41	[5]
Mortgages [Member] | Hotel Deca [Member]
Debt Instrument [Line Items]
Fixed interest rate	6.28%
Debt maturity date	1-Aug-14	[6]
Mortgage loans	0							8,703	8,809
Unamortized loan premium									41
Repayment date of debt instrument								1-May-14
Mortgages [Member] | Westin Copley Place [Member]
Debt Instrument [Line Items]
Fixed interest rate	5.28%
Debt maturity date	1-Sep-15	[7]
Mortgage loans	210,000								210,000
Mortgages [Member] | Westin Michigan Avenue [Member]
Debt Instrument [Line Items]
Fixed interest rate	5.75%
Debt maturity date	1-Apr-16
Mortgage loans	133,347								135,315
Mortgages [Member] | Indianapolis Marriott Downtown [Member]
Debt Instrument [Line Items]
Fixed interest rate	5.99%
Debt maturity date	1-Jul-16
Mortgage loans	97,528								98,875
Mortgages [Member] | The Roger [Member]
Debt Instrument [Line Items]
Fixed interest rate	6.31%
Debt maturity date	1-Aug-16
Mortgage loans	60,215								$61,416
[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. There were no borrowings outstanding at December 31, 2014. 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 December 31, 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 December 31, 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 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 letters of credit cannot be extended beyond the Massport Bonds’ maturity date. The bonds bear interest based on weekly floating rates. The interest rates as of December 31, 2014 were 0.13% and 0.03% 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. The Company also incurred an annual letter of credit fee 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]	Mortgage debt includes an unamortized loan premium on the mortgage loan on Hotel Deca of $41 as of December 31, 2013.
[6]	The Company repaid the mortgage loan on May 1, 2014 through borrowings on its senior unsecured credit facility.
[7]	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.

LongTerm_Debt_Future_Scheduled

Long-Term Debt Future Scheduled Debt Principal Payments (Details) (USD $)	Dec. 31, 2014	Dec. 31, 2013
In Thousands, unless otherwise specified
Long-term Debt, Other Disclosures [Abstract]
2015	$214,796
2016	286,294
2017	0
2018	42,500
2019	477,500
Total debt	$1,021,090	$1,255,062

Summary_Interest_Expense_and_W

Summary Interest Expense and Weighted Average Interest Rates for Borrowings (Details) (USD $)	12 Months Ended
In Thousands, unless otherwise specified	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Debt Instrument [Line Items]
Interest incurred	$54,859	$55,912	$51,351
Amortization of deferred financing costs	2,169	2,253	1,915
Capitalized interest	-400	-649	-370
Interest expense	$56,628	$57,516	$52,896
Line of Credit [Member] | Senior Unsecured Credit Facility [Member]
Debt Instrument [Line Items]
Debt Instrument, Interest Rate During Period	1.90%	2.10%	2.20%
Line of Credit [Member] | LHL Unsecured Credit Facility [Member]
Debt Instrument [Line Items]
Debt Instrument, Interest Rate During Period	1.90%	2.00%	2.10%
Notes Payable, Other Payables [Member] | Massport Bonds [Member]
Debt Instrument [Line Items]
Debt Instrument, Interest Rate During Period	0.40%	0.20%	0.30%

Credit_Facilities_Narrative_De

Credit Facilities (Narrative) (Details) (Line of Credit [Member], USD $)	0 Months Ended		12 Months Ended
In Thousands, unless otherwise specified	Jan. 08, 2014		Dec. 31, 2014	Jan. 08, 2014
			extensions
Senior Unsecured Credit Facility [Member]
Debt Instrument [Line Items]
Line of Credit Facility, Current Borrowing Capacity	$750,000			$750,000
Maximum borrowing capacity under unsecured credit facility			1,050,000
Credit facility maturity date	8-Jan-18	[1]
Line of Credit Facility Number of Extension Options			2
Line of Credit Facility Extension Option Period			6 months
Senior Unsecured Credit Facility [Member] | Minimum [Member]
Debt Instrument [Line Items]
Line of Credit Facility, Unused Capacity, Commitment Fee Percentage			0.25%
Senior Unsecured Credit Facility [Member] | Maximum [Member]
Debt Instrument [Line Items]
Line of Credit Facility, Unused Capacity, Commitment Fee Percentage			0.30%
LHL Unsecured Credit Facility [Member]
Debt Instrument [Line Items]
Maximum borrowing capacity under unsecured credit facility	$25,000			$25,000
Credit facility maturity date	8-Jan-18	[2]
Line of Credit Facility Number of Extension Options			2
Line of Credit Facility Extension Option Period			6 months
LHL Unsecured Credit Facility [Member] | Minimum [Member]
Debt Instrument [Line Items]
Line of Credit Facility, Unused Capacity, Commitment Fee Percentage			0.25%
LHL Unsecured Credit Facility [Member] | Maximum [Member]
Debt Instrument [Line Items]
Line of Credit Facility, Unused Capacity, Commitment Fee Percentage			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. There were no borrowings outstanding at December 31, 2014. 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 December 31, 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.

LongTerm_Debt_Term_Loans_Narra

Long-Term Debt Term Loans (Narrative) (Details) (USD $)	0 Months Ended	12 Months Ended	0 Months Ended
In Thousands, unless otherwise specified	16-May-12	Dec. 31, 2014	Jan. 08, 2014	Aug. 02, 2012	Dec. 31, 2013
Debt Instrument [Line Items]
Unsecured Debt		$477,500			$477,500
Term Loan | First Term Loan [Member]
Debt Instrument [Line Items]
Unsecured Debt	177,500	177,500			177,500
Debt Instrument, Term		7 years
Debt maturity date	16-May-19
Long-term Debt, Percentage Bearing Fixed Interest, Percentage Rate		3.62%			3.62%
Term Loan | Second Term Loan [Member]
Debt Instrument [Line Items]
Unsecured Debt		300,000	300,000		300,000
Debt Instrument, Term		5 years
Total lender commitments		$500,000
Debt maturity date			8-Jan-19
Long-term Debt, Percentage Bearing Fixed Interest, Percentage Rate		2.38%			2.43%
Derivative, Maturity Date				2-Aug-17

LongTerm_Debt_Derivative_and_H

Long-Term Debt Derivative and Hedging Activities (Narrative) (Details) (USD $)	12 Months Ended	0 Months Ended
In Thousands, unless otherwise specified	Dec. 31, 2014	Aug. 02, 2012	Dec. 31, 2013	16-May-12
				agreement
First Term Loan [Member] | Term Loan [Member]
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Debt Instrument, Term	7 years
Long-term Debt, Percentage Bearing Fixed Interest, Percentage Rate	3.62%		3.62%
Second Term Loan [Member] | Term Loan [Member]
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Debt Instrument, Term	5 years
Long-term Debt, Percentage Bearing Fixed Interest, Percentage Rate	2.38%		2.43%
Derivative, Maturity Date		2-Aug-17
Designated as Hedging Instrument [Member] | Interest Rate Swap [Member]
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Derivative, Notional Amount		300,000		$177,500
Number of Interest Rate Derivatives Held		5		3
Derivative change in fair value recorded in other comprehensive income (loss)	750		4,616
Unrealized gain (loss) included in accumulated other comprehensive income (loss)	748		4,603
Derivative change in fair value recorded in other comprehensive income (loss) attributable to noncontrolling interests	2		13
Amount reclassified from AOCI and noncontrolling interests and recognized as a redution to income in the next 12 months	4,399

Derivative_and_Hedging_Activit

Derivative and Hedging Activities (Details) (Cash Flow Hedging [Member], Designated as Hedging Instrument [Member], Interest Rate Swap [Member], USD $)	12 Months Ended
In Thousands, unless otherwise specified	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Debt Instrument [Line Items]
Amount of Gain (Loss) Recognized in OCI on Derivative Instruments (Effective Portion)	$544	$8,127	($9,833)
Interest Expense [Member]
Debt Instrument [Line Items]
Amount of (Loss) Gain Reclassified from AOCI into Income (Effective Portion)	($4,410)	$4,248	$2,074

LongTerm_Debt_Longterm_Debt_Bo

Long-Term Debt Long-term Debt (Bonds Payable) (Narrative) (Details) (USD $)	12 Months Ended	0 Months Ended
In Thousands, unless otherwise specified	Dec. 31, 2014	Sep. 30, 2014	Dec. 31, 2013
Debt Instrument [Line Items]
Massport Bonds	42,500		$42,500
Massport Bonds [Member]
Debt Instrument [Line Items]
Debt maturity date	1-Mar-18
Notes Payable, Other Payables [Member] | Tax Exempted Bond of Hyatt Boston Harbor [Member]
Debt Instrument [Line Items]
Massport Bonds	37,100		37,100
Debt maturity date	1-Mar-18
Notes Payable, Other Payables [Member] | Taxable Bond of Hyatt Boston Harbor [Member]
Debt Instrument [Line Items]
Massport Bonds	5,400		$5,400
Debt maturity date	1-Mar-18
Notes Payable, Other Payables [Member] | Massport Bonds [Member]
Debt Instrument [Line Items]
Credit facility maturity date		30-Sep-16
Line Of Credit Facility Number Of Extension Options	2
Line Of Credit Facility Extension Option Period	1 year
Line of Credit Annual Fees Percentage		1.35%

LongTerm_Debt_Extinguishment_o

Long-Term Debt Extinguishment of Debt (Narrative) (Details) (USD $)	12 Months Ended
In Thousands, unless otherwise specified	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Extinguishment of Debt (Narrative) [Abstract]
Loss from extinguishment of debt	$2,487	$0	$0

LongTerm_Debt_Mortgage_Loans_N

Long-Term Debt Mortgage Loans (Narrative) (Details) (USD $)	0 Months Ended	12 Months Ended
In Thousands, unless otherwise specified	1-May-14	Dec. 31, 2014		1-May-14	Dec. 31, 2013
Debt Instrument [Line Items]
Mortgage loans		$501,090			$514,415
Mortgages [Member] | Hotel Deca [Member]
Debt Instrument [Line Items]
Repayment date of debt instrument	1-May-14
Mortgage loans	$8,703	$0		$8,703	$8,809
Debt maturity date		1-Aug-14	[1]
[1]	The Company repaid the mortgage loan on May 1, 2014 through borrowings on its senior unsecured credit facility.

Ground_Land_and_Building_and_A

Ground, Land and Building, and Air Rights Leases (Narrative) (Details) (USD $)	12 Months Ended
In Thousands, unless otherwise specified	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
	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 Leasese Expiring	0
Operating Leases, Rent Expense	$14,667	$11,117	$8,588
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
Hyatt Boston Harbor [Member]
Commitments And Contingencies [Line Items]
Lease expiration date	1-Mar-26
Lease extension period (in years)	50 years
Extended Lease Expiration Date	1/1/77
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	1,820	1,305	454
The Roger [Member]
Commitments And Contingencies [Line Items]
Lease expiration date	1-Dec-44
Present value of the remaining rent payments	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
Hotel Triton [Member]
Commitments And Contingencies [Line Items]
Lease expiration date	1-Jan-48
Present value of the remaining rent payments	$27,752

Future_Minimum_Rent_Payments_D

Future Minimum Rent Payments (Details) (USD $)	Dec. 31, 2014
In Thousands, unless otherwise specified
Commitments and Contingencies Disclosure [Abstract]
2015	$11,552
2016	11,775
2017	12,044
2018	12,231
2019	12,206
Thereafter	525,155
Operating leases, future minimum payments due, total	$584,963

Reserve_Funds_and_Restricted_C

Reserve Funds and Restricted Cash Reserves (Narrative) (Details) (USD $)	12 Months Ended
In Thousands, unless otherwise specified	Dec. 31, 2014	Dec. 31, 2013
Commitments And Contingencies [Line Items]
Restricted cash reserves	21,570	$19,724
Minimum [Member]
Commitments And Contingencies [Line Items]
Percentage of reserve funds provided by the Company	4.00%
Maximum [Member]
Commitments And Contingencies [Line Items]
Percentage of reserve funds provided by the Company	5.00%
Capital Expenditure [Member]
Commitments And Contingencies [Line Items]
Restricted cash reserves	14,197
Operating Expenses and Debt Payments [Member]
Commitments And Contingencies [Line Items]
Restricted cash reserves	5,295
Refund Future Liabilities [Member]
Commitments And Contingencies [Line Items]
Restricted cash reserves	2,078

Common_Shares_of_Beneficial_In

Common Shares of Beneficial Interest (Narrative) (Details) (USD $)	0 Months Ended		12 Months Ended			0 Months Ended
	Dec. 24, 2014	Oct. 25, 2013	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012	Mar. 20, 2014	Jan. 30, 2013	31-May-13	Dec. 12, 2014	Jan. 01, 2014	Jul. 01, 2014	Apr. 19, 2007	Jan. 22, 2014	Jan. 01, 2013	Feb. 20, 2013
													Installments
Equity [Line Items]
Common stock shares authorized before amendment												100,000,000
Common shares, shares authorized			200,000,000	200,000,000								200,000,000
Common shares, shares issued	1,140,000	7,705,000	112,828,536	103,963,828					7,600,000
Payments of Stock Issuance Costs			$3,557,000	$3,759,000	$9,745,000
Par value of common shares issued		$0.01	$0.01	$0.01					0.01
Net proceeds from issuance of stock	348,514,000	228,387,000	352,222,000	251,478,000	282,826,000
Nonvested Share Awards with Service Conditions [Member]
Equity [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested in Period			167,108
Nonvested Share Awards with Market or Performance Conditions [Member]
Equity [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested in Period			100,472
2009 Plan [Member]
Equity [Line Items]
Common shares, shares issued										13,948			9,385	10,332
Common Stock Issued, Deferred Shares										6,064				7,921
Number of Annual Installments													5
2009 Plan [Member] | Nonvested Share Awards with Service Conditions [Member]
Equity [Line Items]
Issuance of restricted common shares of beneficial interest						77,564	81,400
Number of Annual Installments						3	3
2013 Agreement [Member]
Equity [Line Items]
Common shares, shares issued								721,706
Common shares of beneficial interest, potential available offereing price															250,000,000
Common Shares of Beneficial Interest, Potential Aggregate Gross Proceeds Remaining			230,057,000
Payments of Stock Issuance Costs				197,000
Par value of common shares issued								$0.01
Discounts and commissions								250,000
Net proceeds from issuance of stock								$19,693,000
2014 Plan [Member] | Nonvested Share Awards with Service Conditions [Member]
Equity [Line Items]
Issuance of restricted common shares of beneficial interest									16,257
Number of Annual Installments									3
January 24 and 26, 2011 Awards [Member] | 2009 Plan [Member] | Nonvested Share Awards with Market or Performance Conditions [Member]
Equity [Line Items]
Number of shares earned										35,652
Performance Period July 1, 2011 - June 30, 2014 [Member] | May 31, 2008 Performance Based Share Agreements [Member] | 2009 Plan [Member] | Nonvested Share Awards with Market or Performance Conditions [Member]
Equity [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested in Period											59,778

Common_Dividends_Details

Common Dividends (Details) (USD $)	3 Months Ended								12 Months Ended
	Dec. 31, 2014		Sep. 30, 2014		Jun. 30, 2014		Mar. 31, 2014		Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Stockholders' Equity Note [Abstract]
Dividend per Share/Unit	$0.38	[1]	$0.38	[1]	$0.28	[1]	$0.28	[1]	$1.41	$0.96	$0.71
For the Quarter Ended	30-Sep-14		30-Jun-14		31-Mar-14		31-Dec-13
Record Date	30-Sep-14		30-Jun-14		31-Mar-14		31-Dec-13
Payable Date	15-Oct-14		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 $)	12 Months Ended
	Dec. 31, 2014	Aug. 29, 2011
Equity [Line Items]
Common shares surrendered and forfeited by executives and employees	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	87,876
Common shares held in treasury	4,028

Preferred_Shares_Narrative_Det

Preferred Shares (Narrative) (Details) (USD $)	12 Months Ended			0 Months Ended
In Thousands, except Share data, unless otherwise specified	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012	Jul. 03, 2014	Apr. 05, 2013	Mar. 12, 2013	Mar. 04, 2013	Apr. 19, 2007
Class of Stock [Line Items]
Preferred stock shares authorized before amendment								20,000,000
Preferred shares, shares authorized	40,000,000	40,000,000						40,000,000
Redemption value	$58,731	$100,000	$166,750
Distributions payable	45,462	33,299
Adjustments to Additional Paid in Capital, Stock Issued, Issuance Costs	80,124	77,316
Preferred shares, shares issued	7,150,000	9,498,888
Redeemable preferred shares, par value	$0.01	$0.01
Proceeds from Issuance of Preferred Stock and Preference Stock	0	110,000	0
Preferred shares, shares outstanding	7,150,000	9,498,888
7 1/4% Series G Preferred Shares [Member]
Class of Stock [Line Items]
Cumulative redeemable preferred shares, stated percentage	7.25%
Preferred shares, shares outstanding					6,348,888
Series G Preferred Stock Redemption [Member]
Class of Stock [Line Items]
Number of Shares Redeemed				2,348,888	4,000,000
Redemption value				58,722	100,000
Redeemable preferred stock redemption price per share				$25	$25
Distributions payable				1,100	1,913
Adjustments to Additional Paid in Capital, Stock Issued, Issuance Costs				951	1,566
Series H and I Preferred Stock [Member]
Class of Stock [Line Items]
Redeemable preferred stock redemption price per share	$25
Preferred stock redeemable term (in days)	120 days
7 1/2% Series H Preferred Shares [Member]
Class of Stock [Line Items]
Cumulative redeemable preferred shares, stated percentage	7.50%
Preferred shares, shares outstanding	2,750,000
Shares issued upon conversion	4,680,500
6 3/8% Series I Preferred Shares [Member]
Class of Stock [Line Items]
Cumulative redeemable preferred shares, stated percentage	6.38%
Preferred shares, shares issued						400,000	4,000,000
Redeemable preferred shares, par value							$0.01
Redeemable preferred stock market price per share							$25
Proceeds from Issuance of Preferred Stock and Preference Stock						$9,685	$96,667
Preferred shares, shares outstanding	4,400,000
Shares issued upon conversion	8,835,200

Preferred_Shares_Outstanding_D

Preferred Shares Outstanding (Details)	Dec. 31, 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 Shares [Member]
Class of Stock [Line Items]
Number of Shares	4,400,000

Preferred_Dividends_Details

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

Noncontrolling_Interests_of_Co

Noncontrolling Interests of Common Units in Operating Partnership (Narrative) (Details) (USD $)	Dec. 31, 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	$11,991
Closing common share price, per share	$40.47

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								12 Months Ended
In Thousands, unless otherwise specified	Dec. 31, 2014	Sep. 30, 2014	Jun. 30, 2014	Mar. 31, 2014	Dec. 31, 2013	Sep. 30, 2013	Jun. 30, 2013	Mar. 31, 2013	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Stockholders' Equity Note [Abstract]
Net income attributable to common shareholders	$22,759	$98,164	$85,610	($8,972)	$14,655	$28,534	$35,190	($7,395)	$197,561	$70,984	$45,146
Decrease in additional paid-in capital from adjustments to noncontrolling interests of common units in Operating Partnership									-397	-213	-872
Change from net income attributable to common shareholders and adjustments to noncontrolling interests									$197,164	$70,771	$44,274

Equity_Incentive_Plan_Equity_I

Equity Incentive Plan (Equity Incentive) (Narrative) (Details) (2014 Plan [Member])	12 Months Ended
	Dec. 31, 2014
2014 Plan [Member]
Class of Stock [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	2,881,272

Equity_Incentive_Plan_Nonveste

Equity Incentive Plan (Nonvested Share Awards with Service Conditions) (Narrative) (Details) (USD $)	12 Months Ended
In Thousands, unless otherwise specified	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Nonvested Share Awards with Service Conditions [Member]
Equity Incentive Plan [Line Items]
Unrecognized compensation costs	$5,113	$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	5,602	8	5,267
Compensation costs	$3,055	$2,959	$3,090
2014 Plan [Member]
Equity Incentive Plan [Line Items]
Vest period minimum (in years)	3 years

Equity_Incentive_Plan_Equity_I1

Equity Incentive Plan Equity Incentive Plan (Nonvested Share Awards with Service Conditions) (Details) (Nonvested Share Awards with Service Conditions [Member], USD $)	12 Months Ended
	Dec. 31, 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	93,821
Weighted - Average Grant Date Fair Value, Granted	$33.23
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	256,379	[1]
Nonvested, Weighted - Average Grant Date Fair Value Ending Balance	$31
Long-term performance-based shares 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 December 31, 2014.

Equity_Incentive_Plan_Nonveste1

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

12 Months Ended

0 Months Ended

In Thousands, except Share data, unless otherwise specified

Dec. 31, 2014

Dec. 31, 2013

Dec. 31, 2012

Dec. 31, 2014

Jul. 01, 2014

Jan. 01, 2014

31-May-08

Jan. 24, 2011

Jan. 26, 2011

Jan. 26, 2012

Jan. 30, 2013

Mar. 20, 2014

Equity Incentive Plan [Line Items]

Distributions on earned shares from share awards with market conditions

($314)

($20)

($56)

Nonvested Share Awards with Market or Performance Conditions [Member]

Equity Incentive Plan [Line Items]

Number of Shares, Granted

131,745

[1]

Percentage of target shares

100.00%

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

100,472

Distributions on earned shares from share awards with market conditions

239

75

Number of shares forfeited

9,193

Number of shares to be vested

311,625

289,545

311,625

Percentage Of Target Shares, Revised

200.00%

Unrecognized compensation costs

6,637

5,260

6,637

Weighted-average recognized period (in years)

2 years

2 years 2 months 12 days

Number of shares vested

254,415

153,943

254,415

Compensation costs

$3,567

$2,681

$2,006

Nonvested Share Awards with Market or Performance Conditions [Member] | May 31, 2008 Performance Based Share Agreements [Member]

Equity Incentive Plan [Line Items]

Number of Shares, Granted

125,000

Performance measurement period (in years)

3 years

Performance Shares Outstanding

0

Number of shares earned as percentage of target shares

119.60%

Nonvested Share Awards with Market or Performance Conditions [Member] | May 31, 2008 Performance Based Share Agreements [Member] | Minimum [Member]

Equity Incentive Plan [Line Items]

Percentage of target shares

0.00%

Nonvested Share Awards with Market or Performance Conditions [Member] | May 31, 2008 Performance Based Share Agreements [Member] | Maximum [Member]

Equity Incentive Plan [Line Items]

Percentage of target shares

200.00%

Nonvested Share Awards with Market or Performance Conditions [Member] | May 31, 2008 Performance Based Share Agreements [Member] | Performance Period July 1, 2011 - June 30, 2014 [Member]

Equity Incentive Plan [Line Items]

Number of Shares, Granted

50,000

Nonvested Share Awards with Market or Performance Conditions [Member] | May 31, 2008 Performance Based Share Agreements [Member] | Performance Period July 1, 2008 - June 30, 2011 [Member]

Equity Incentive Plan [Line Items]

Number of Shares, Granted

25,000

Nonvested Share Awards with Market or Performance Conditions [Member] | May 31, 2008 Performance Based Share Agreements [Member] | Performance Period July 1, 2014 - June 30, 2017 [Member]

Equity Incentive Plan [Line Items]

Number of Shares, Granted

50,000

Nonvested Share Awards with Market or Performance Conditions [Member] | May 31, 2008 Performance Based Share Agreements [Member] | 2009 Plan [Member] | Performance Period July 1, 2011 - June 30, 2014 [Member]

Equity Incentive Plan [Line Items]

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

59,778

Nonvested Share Awards with Market or Performance Conditions [Member] | January 24, 2011 Awards [Member]

Equity Incentive Plan [Line Items]

Number of Shares, Granted

8,925

Nonvested Share Awards with Market or Performance Conditions [Member] | January 26, 2011 Awards [Member]

Equity Incentive Plan [Line Items]

Number of Shares, Granted

35,920

Nonvested Share Awards with Market or Performance Conditions [Member] | January 24 and 26, 2011 Awards [Member]

Equity Incentive Plan [Line Items]

Percentage of target shares

100.00%

Number of shares earned as percentage of target shares

79.50%

Number of shares forfeited

9,193

Nonvested Share Awards with Market or Performance Conditions [Member] | January 24 and 26, 2011 Awards [Member] | Vesting Period One [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

Nonvested Share Awards with Market or Performance Conditions [Member] | January 24 and 26, 2011 Awards [Member] | Vesting Period Two [Member]

Equity Incentive Plan [Line Items]

Number of shares to be vested

23,767

Nonvested Share Awards with Market or Performance Conditions [Member] | January 24 and 26, 2011 Awards [Member] | 2009 Plan [Member]

Equity Incentive Plan [Line Items]

Number of shares earned

35,652

Nonvested Share Awards with Market or Performance Conditions [Member] | January 26, 2012 Awards [Member]

Equity Incentive Plan [Line Items]

Number of Shares, Granted

79,823

Performance Shares Outstanding

0

Nonvested Share Awards with Market or Performance Conditions [Member] | January 26, 2012 Awards [Member] | Minimum [Member]

Equity Incentive Plan [Line Items]

Percentage of target shares

0.00%

Nonvested Share Awards with Market or Performance Conditions [Member] | January 26, 2012 Awards [Member] | Maximum [Member]

Equity Incentive Plan [Line Items]

Percentage of target shares

200.00%

Nonvested Share Awards with Market or Performance Conditions [Member] | January 30, 2013 Awards [Member]

Equity Incentive Plan [Line Items]

Number of Shares, Granted

80,559

Performance Shares Outstanding

0

Nonvested Share Awards with Market or Performance Conditions [Member] | January 30, 2013 Awards [Member] | Minimum [Member]

Equity Incentive Plan [Line Items]

Percentage of target shares

0.00%

Nonvested Share Awards with Market or Performance Conditions [Member] | January 30, 2013 Awards [Member] | Maximum [Member]

Equity Incentive Plan [Line Items]

Percentage of target shares

200.00%

Nonvested Share Awards with Market or Performance Conditions [Member] | January 30, 2013 Awards [Member] | Performance Period January 1, 2013 - December 31, 2015 [Member]

Equity Incentive Plan [Line Items]

Number of Shares, Granted

40,280

Nonvested Share Awards with Market or Performance Conditions [Member] | January 30, 2013 Awards [Member] | Performance Period July 1, 2013 - June 30, 2016 [Member]

Equity Incentive Plan [Line Items]

Number of Shares, Granted

40,279

Nonvested Share Awards with Market or Performance Conditions [Member] | March 20, 2014 Awards [Member]

Equity Incentive Plan [Line Items]

Number of Shares, Granted

71,967

Performance Shares Outstanding

0

Nonvested Share Awards with Market or Performance Conditions [Member] | March 20, 2014 Awards [Member] | Minimum [Member]

Equity Incentive Plan [Line Items]

Percentage of target shares

0.00%

Nonvested Share Awards with Market or Performance Conditions [Member] | March 20, 2014 Awards [Member] | Maximum [Member]

Equity Incentive Plan [Line Items]

Percentage of target shares

200.00%

Nonvested Share Awards with Market or Performance Conditions [Member] | March 20, 2014 Awards [Member] | Performance Period January 1, 2014 - December 31, 2016 [Member]

Equity Incentive Plan [Line Items]

Number of Shares, Granted

35,983

Nonvested Share Awards with Market or Performance Conditions [Member] | March 20, 2014 Awards [Member] | Performance Period July 1, 2014 - June 30, 2017 [Member]

Equity Incentive Plan [Line Items]

Number of Shares, Granted

35,984

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

Equity Incentive Plan [Line Items]

Number of shares to be vested

29,276

34,318

29,276

[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_Nonveste2

Equity Incentive Plan (Nonvested Share Awards with Market or Performance Conditions - Assumptions of Performance Measures For Valuation) (Details) (USD $)	12 Months Ended
	Dec. 31, 2014
May 31, 2008 Performance Based Share Agreements [Member] | Performance Period July 1, 2014 - June 30, 2017 [Member] | Target Amounts [Member]
Equity Incentive Plan [Line Items]
Volatility	33.30%
Interest Rates	0.90%
Fair Value of Components of Award	$32.57
Weighting of Total Awards	20.00%
May 31, 2008 Performance Based Share Agreements [Member] | Performance Period July 1, 2014 - June 30, 2017 [Member] | NAREIT Index [Member]
Equity Incentive Plan [Line Items]
Volatility	33.30%
Interest Rates	0.90%
Stock Beta	1.356
Fair Value of Components of Award	$39.26
Weighting of Total Awards	40.00%
May 31, 2008 Performance Based Share Agreements [Member] | Performance Period July 1, 2014 - June 30, 2017 [Member] | Peer Companies [Member]
Equity Incentive Plan [Line Items]
Volatility	33.30%
Interest Rates	0.90%
Stock Beta	0.908
Fair Value of Components of Award	$38.15
Weighting of Total Awards	40.00%
May 31, 2008 Performance Based Share Agreements [Member] | Performance Period July 1, 2011 - June 30, 2014 [Member] | Target Amounts [Member]
Equity Incentive Plan [Line Items]
Volatility	83.30%
Interest Rates	0.85%
Fair Value of Components of Award	$37.64
Weighting of Total Awards	20.00%
May 31, 2008 Performance Based Share Agreements [Member] | Performance Period July 1, 2011 - June 30, 2014 [Member] | NAREIT Index [Member]
Equity Incentive Plan [Line Items]
Volatility	83.30%
Interest Rates	0.85%
Stock Beta	1.318
Fair Value of Components of Award	$36.27
Weighting of Total Awards	40.00%
May 31, 2008 Performance Based Share Agreements [Member] | Performance Period July 1, 2011 - June 30, 2014 [Member] | Peer Companies [Member]
Equity Incentive Plan [Line Items]
Volatility	83.30%
Interest Rates	0.85%
Stock Beta	0.892
Fair Value of Components of Award	$38.79
Weighting of Total Awards	40.00%
May 31, 2008 Performance Based Share Agreements [Member] | Performance Period July 1, 2008 - June 30, 2011 [Member] | Target Amounts [Member]
Equity Incentive Plan [Line Items]
Volatility	30.80%
Interest Rates	2.90%
Fair Value of Components of Award	$24.81
Weighting of Total Awards	20.00%
May 31, 2008 Performance Based Share Agreements [Member] | Performance Period July 1, 2008 - June 30, 2011 [Member] | NAREIT Index [Member]
Equity Incentive Plan [Line Items]
Volatility	30.80%
Interest Rates	2.90%
Stock Beta	1.152
Fair Value of Components of Award	$27.61
Weighting of Total Awards	40.00%
May 31, 2008 Performance Based Share Agreements [Member] | Performance Period July 1, 2008 - June 30, 2011 [Member] | Peer Companies [Member]
Equity Incentive Plan [Line Items]
Volatility	30.80%
Interest Rates	2.90%
Stock Beta	1.022
Fair Value of Components of Award	$28
Weighting of Total Awards	40.00%
March 20, 2014 Awards [Member] | Performance Period July 1, 2014 - June 30, 2017 [Member] | 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%
March 20, 2014 Awards [Member] | Performance Period July 1, 2014 - June 30, 2017 [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%
March 20, 2014 Awards [Member] | Performance Period July 1, 2014 - June 30, 2017 [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	$34.53
Weighting of Total Awards	33.30%
March 20, 2014 Awards [Member] | Performance Period January 1, 2014 - December 31, 2016 [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%
March 20, 2014 Awards [Member] | Performance Period January 1, 2014 - December 31, 2016 [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%
March 20, 2014 Awards [Member] | Performance Period January 1, 2014 - December 31, 2016 [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%
January 30, 2013 Awards [Member] | Performance Period January 1, 2013 - December 31, 2015 [Member] | Target Amounts [Member]
Equity Incentive Plan [Line Items]
Volatility	38.70%
Interest Rates	0.42%
Fair Value of Components of Award	$29.38
Weighting of Total Awards	33.40%
January 30, 2013 Awards [Member] | Performance Period January 1, 2013 - December 31, 2015 [Member] | Return on Invested Capital [Member]
Equity Incentive Plan [Line Items]
Fair Value of Components of Award	$27.20
Weighting of Total Awards	33.30%
January 30, 2013 Awards [Member] | Performance Period January 1, 2013 - December 31, 2015 [Member] | Peer Companies [Member]
Equity Incentive Plan [Line Items]
Volatility	38.70%
Interest Rates	0.42%
Stock Beta	0.864
Fair Value of Components of Award	$30.51
Weighting of Total Awards	33.30%
January 30, 2013 Awards [Member] | Performance Period July 1, 2013 - June 30, 2016 [Member] | Target Amounts [Member]
Equity Incentive Plan [Line Items]
Volatility	38.70%
Interest Rates	0.42%
Fair Value of Components of Award	$27.70
Weighting of Total Awards	33.40%
January 30, 2013 Awards [Member] | Performance Period July 1, 2013 - June 30, 2016 [Member] | Return on Invested Capital [Member]
Equity Incentive Plan [Line Items]
Fair Value of Components of Award	$27.20
Weighting of Total Awards	33.30%
January 30, 2013 Awards [Member] | Performance Period July 1, 2013 - June 30, 2016 [Member] | Peer Companies [Member]
Equity Incentive Plan [Line Items]
Volatility	38.70%
Interest Rates	0.42%
Stock Beta	0.864
Fair Value of Components of Award	$31.34
Weighting of Total Awards	33.30%
January 26, 2012 Awards [Member] | Target Amounts [Member]
Equity Incentive Plan [Line Items]
Volatility	65.30%
Interest Rates	0.31%
Fair Value of Components of Award	$36.22
Weighting of Total Awards	33.40%
January 26, 2012 Awards [Member] | NAREIT Index [Member]
Equity Incentive Plan [Line Items]
Volatility	65.30%
Interest Rates	0.31%
Stock Beta	1.37
Fair Value of Components of Award	$35.25
Weighting of Total Awards	33.30%
January 26, 2012 Awards [Member] | Peer Companies [Member]
Equity Incentive Plan [Line Items]
Volatility	65.30%
Interest Rates	0.31%
Stock Beta	0.911
Fair Value of Components of Award	$35.33
Weighting of Total Awards	33.30%
January 24 and 26, 2011 Awards [Member] | Target Amounts [Member]
Equity Incentive Plan [Line Items]
Volatility	84.30%
Interest Rates	1.05%
Fair Value of Components of Award	$40.43
Weighting of Total Awards	33.40%
January 24 and 26, 2011 Awards [Member] | NAREIT Index [Member]
Equity Incentive Plan [Line Items]
Volatility	84.30%
Interest Rates	1.05%
Stock Beta	1.3
Fair Value of Components of Award	$38.85
Weighting of Total Awards	33.30%
January 24 and 26, 2011 Awards [Member] | Peer Companies [Member]
Equity Incentive Plan [Line Items]
Volatility	84.30%
Interest Rates	1.05%
Stock Beta	0.898
Fair Value of Components of Award	$41.24
Weighting of Total Awards	33.30%

Equity_Incentive_Plan_Equity_I2

Equity Incentive Plan Equity Incentive Plan (Nonvested Share Awards with Mariket or Performance Conditions - Summary of the Company's Restricted Share Awards with Either Market or Performance Conditions) (Details) (Nonvested Share Awards with Market or Performance Conditions [Member], USD $)	12 Months Ended		0 Months Ended
	Dec. 31, 2014		31-May-08
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
Nonvested, Weighted - Average Grant Date Fair Value Beginning Balance	$33.02
Number of Shares, Granted	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
Weighted - Average Grant Date Fair Value	$40.17
Nonvested, Number of Shares Ending Balance	311,625
Nonvested, Weighted - Average Grant Date Fair Value Ending Balance	$33.62
May 31, 2008 Performance Based Share Agreements [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested [Roll Forward]
Number of Shares, Granted			125,000
May 31, 2008 Performance Based Share Agreements [Member] | Performance Period July 1, 2011 - June 30, 2014 [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.

Equity_Incentive_Plan_Equity_I3

Equity Incentive Plan Equity Incentive Plan (Board of Trustees' Compensation) (Details) (Board Of Trustees Compensation [Member])	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Board Of Trustees Compensation [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares issued related to trustees compensation	15,865	20,012	18,253
Deferred shares related to trustees compensation	4,183	6,064	7,921

Summary_of_Other_Indirect_Hote

Summary of Other Indirect Hotel Operating Expenses (Details) (USD $)	12 Months Ended
In Thousands, unless otherwise specified	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
	Hotels
General and administrative	$23,832	$22,001	$19,769
Other expenses	7,369	9,361	3,017
Total other indirect expenses	264,508	237,386	212,001
Number of hotels	45
LHL [Member]
General and administrative	87,210	76,699	67,465
Sales and marketing	61,249	55,752	49,803
Repairs and maintenance	37,169	33,741	30,753
Management and incentive fees	36,463	32,850	29,301
Utilities and insurance	32,296	29,077	26,465
Franchise fees	8,346	7,601	6,606
Other expenses	1,775	1,666	1,608
Total other indirect expenses	$264,508	$237,386	$212,001
Number of hotels	45

Income_Taxes_Narrative_Details

Income Taxes (Narrative) (Details) (USD $)	12 Months Ended
In Thousands, unless otherwise specified	Dec. 31, 2014	Dec. 31, 2013
Income Taxes [Line Items]
Required percentage of adjusted taxable income distributed to shareholders in order to quality as REIT	90.00%
Number of Years Unable to Qualify as Real Estate Investment Trust	4 years
Deferred tax asset due to federal and state tax, net operating losses	$1,447	$1,497
Statutory federal income tax rate	34.00%
Minimum [Member] | State and Local Jurisdiction [Member]
Income Taxes [Line Items]
Operating loss carryforwards expiration dates	1-Jan-16
Maximum [Member] | State and Local Jurisdiction [Member]
Income Taxes [Line Items]
Operating loss carryforwards expiration dates	31-Dec-34

Income_Taxes_Distributions_Pai

Income Taxes Distributions Paid Per Common Share of Beneficial Interest and Preferred Share on a Tax Basis (Details) (USD $)	12 Months Ended
	Dec. 31, 2014		Dec. 31, 2013		Dec. 31, 2012
Schedule Of Income Tax [Line Items]
Ordinary income	$1.19		$1.03		$0.70
Ordinary income (%)	81.75%		100.00%		100.00%
Capital gain	$0.27		$0		$0
Capital gain (%)	18.25%		0.00%		0.00%
Distributions paid per share on a tax basis	$1.46		$1.03		$0.70
Distributions paid per share on a tax basis (%)	100.00%		100.00%		100.00%
7 1/2% Series D Preferred Shares [Member]
Schedule Of Income Tax [Line Items]
Ordinary income	$0		$0		$1.20
Ordinary income (%)	0.00%		0.00%		100.00%
8% Series E Preferred Shares [Member]
Schedule Of Income Tax [Line Items]
Ordinary income	$0		$0		$1.28
Ordinary income (%)	0.00%		0.00%		100.00%
7 1/4% Series G Preferred Shares [Member]
Schedule Of Income Tax [Line Items]
Ordinary income	$0		$1.81		$1.81
Ordinary income (%)	0.00%		100.00%		100.00%
7 1/2% Series H Preferred Shares [Member]
Schedule Of Income Tax [Line Items]
Ordinary income	$1.53		$1.88		$1.88
Ordinary income (%)	81.75%		100.00%		100.00%
Capital gain	$0.34		$0		$0
Capital gain (%)	18.25%		0.00%		0.00%
Distributions paid per share on a tax basis	$1.88		$1.88		$1.88
Distributions paid per share on a tax basis (%)	100.00%		100.00%		100.00%
6 3/8% Series I Preferred Stock [Member]
Schedule Of Income Tax [Line Items]
Ordinary income	$1.30		$0.98		$0
Ordinary income (%)	81.75%		100.00%		0.00%
Capital gain	$0.29		$0		$0
Capital gain (%)	18.25%		0.00%		0.00%
Distributions paid per share on a tax basis	$1.59		$0.98		$0
Distributions paid per share on a tax basis (%)	100.00%		100.00%		0.00%
April 5, 2013 Redemption [Member] | 7 1/4% Series G Preferred Stock Redemption [Member]
Schedule Of Income Tax [Line Items]
Ordinary income	$0	[1]	$0.93	[1]	$1.81	[1]
Ordinary income (%)	0.00%	[1]	100.00%	[1]	100.00%	[1]
July 3, 2014 Redemption [Member] | 7 1/4% Series G Preferred Stock Redemption [Member]
Schedule Of Income Tax [Line Items]
Ordinary income	$1.12	[2]	$1.81	[2]	$1.81	[2]
Ordinary income (%)	81.75%	[2]	100.00%	[2]	100.00%	[2]
Capital gain	$0.25	[2]	$0	[2]	$0	[2]
Capital gain (%)	18.25%	[2]	0.00%	[2]	0.00%	[2]
Distributions paid per share on a tax basis	$1.37	[2]	$1.81	[2]	$1.81	[2]
Distributions paid per share on a tax basis (%)	100.00%	[2]	100.00%	[2]	100.00%	[2]
[1]	On April 5, 2013, the Company redeemed a portion of its Series G Preferred Shares (see Note 6).
[2]	On July 3, 2014, the Company redeemed its remaining Series G Preferred Shares (see Note 6).

Summary_of_Income_Tax_Expense_

Summary of Income Tax Expense (Details) (USD $)	12 Months Ended
In Thousands, unless otherwise specified	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Income tax expense (benefit)	$2,306	$470	$9,062
LHL [Member]
Income tax expense (benefit)	1,260	-308	8,983
Operating Partnership [Member]
Income tax expense (benefit)	$1,046	$778	$79

Income_Taxes_Components_of_Inc

Income Taxes Components of Income Tax Expense (Benefit) and Income Before income Tax Expense (Benefit) (Details) (USD $)	12 Months Ended
In Thousands, unless otherwise specified	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Schedule Of Income Tax [Line Items]
Income tax expense (benefit)	$2,306	$470	$9,062
LHL's income before income tax expense (benefit)	122,598	90,725	80,639
LHL [Member]
Schedule Of Income Tax [Line Items]
Federal, Current income tax expense (benefit)	912	-50	3,325
Federal, Deferred income tax expense	372	51	3,591
State & local, Current income tax expense (benefit)	297	-47	1,694
State & local, Deferred income tax (benefit) expense	-321	-262	373
Income tax expense (benefit)	1,260	-308	8,983
LHL's income before income tax expense (benefit)	$3,559	$615	$21,089

Income_Taxes_Schedule_of_Diffe

Income Taxes Schedule of Difference of Provision for Income Taxes from Income Tax Determined by Applying the U.S. Statutory Federal Income Tax Rate) (Details) (USD $)	12 Months Ended
In Thousands, unless otherwise specified	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Income tax expense (benefit)	$2,306	$470	$9,062
LHL [Member]
“Expected” federal tax expense at statutory rate	1,210	209	7,170
State income tax expense, net of federal income tax effect	302	50	1,801
Other, net	-252	-567	12
Income tax expense (benefit)	$1,260	($308)	$8,983

Income_Taxes_Components_of_LHL

Income Taxes Components of LHL's Deferred Tax Assets (Liabilities) (Details) (USD $)	Dec. 31, 2014	Dec. 31, 2013
In Thousands, unless otherwise specified
Income Tax Disclosure [Abstract]
Net operating loss carryforwards	$1,618	$1,297
Bad debt reserves	214	228
Golf membership deferred revenue	-256	-28
Other, net	-129	0
Total deferred tax asset	$1,447	$1,497

Income_Taxes_Unrecognized_Tax_

Income Taxes Unrecognized Tax Benefits (Details) (USD $)	12 Months Ended
In Thousands, unless otherwise specified	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Reconciliation of Unrecognized Tax Benefits, Excluding Amounts Pertaining to Examined Tax Returns [Roll Forward]
Balance at beginning of year	$0	$0	$708
Balance at end of year	0	0	0
Reductions	$0	$0	($708)

Fair_Value_Measurements_Schedu

Fair Value Measurements Schedule of Assets and Liabilities Measured at Fair Value on a Recurring Basis (Details) (USD $)	Dec. 31, 2014		Dec. 31, 2013
In Thousands, unless otherwise specified
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Derivative Interest Rate Instruments, Prepaid expenses and other assets	$1,520	[1]	$4,616
Accounts Payable and Accrued Expenses [Member] | Fair Value, Inputs, Level 2 [Member] | Interest Rate Swap [Member] | Designated as Hedging Instrument [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Derivative interest rate instruments, Accounts payable and accrued expenses	$770	[2]	$0
[1]	Amount relates to interest rate swaps for the Second Term Loan.
[2]	Amount relates to interest rate swaps for the First Term Loan.

Fair_Value_Measurements_Schedu1

Fair Value Measurements Schedule of Fair Value and Carrying Value of Financial Instruments (Details) (USD $)	Dec. 31, 2014	Dec. 31, 2013
In Thousands, unless otherwise specified
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Weighted average effective interest rate	2.90%	3.10%
Fair Value, Inputs, Level 2 [Member] | Carrying Value [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Note receivable	0	71,014
Borrowings under credit facilities	0	220,606
Term loans	477,500	477,500
Bonds payable	42,500	42,500
Mortgage loans	501,090	514,456
Fair Value, Inputs, Level 2 [Member] | Estimated Fair Value [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Note receivable	0	71,014
Borrowings under credit facilities	0	220,957
Term loans	476,996	477,053
Bonds payable	42,500	42,500
Mortgage loans	510,250	522,788

Earnings_Per_Common_Share_Comp

Earnings Per Common Share (Computation Of Basic And Diluted Earnings Per Common Share) (Details) (USD $)	3 Months Ended								12 Months Ended
In Thousands, except Share data, unless otherwise specified	Dec. 31, 2014	Sep. 30, 2014	Jun. 30, 2014	Mar. 31, 2014	Dec. 31, 2013	Sep. 30, 2013	Jun. 30, 2013	Mar. 31, 2013	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Earnings Per Share [Abstract]
Net income attributable to common shareholders	$22,759	$98,164	$85,610	($8,972)	$14,655	$28,534	$35,190	($7,395)	$197,561	$70,984	$45,146
Dividends paid on unvested restricted shares									-411	-353	-270
Undistributed earnings attributable to unvested restricted shares									-138	0	0
Net income attributable to common shareholders excluding amounts attributable to unvested restricted shares									$197,012	$70,631	$44,876
Weighted average number of common shares - basic	105,550,157	103,798,853	103,698,332	103,691,657	101,585,583	95,890,474	95,465,464	95,166,029	104,188,785	97,041,484	85,757,969
Compensation-related shares									357,110	187,187	139,305
Weighted average number of common shares - diluted	105,902,098	104,133,553	104,024,472	103,691,657	101,820,954	96,082,340	95,630,066	95,166,029	104,545,895	97,228,671	85,897,274
Net income attributable to common shareholders excluding amounts attributable to unvested restricted shares, Basic (in dollars per share)	$0.22	$0.94	$0.82	($0.09)	$0.14	$0.30	$0.37	($0.08)	$1.89	$0.73	$0.52
Net income attributable to common shareholders excluding amounts attributable to unvested restricted shares, Diluted (in dollars per share)	$0.21	$0.94	$0.82	($0.09)	$0.14	$0.30	$0.37	($0.08)	$1.88	$0.73	$0.52

Supplemental_Information_To_St2

Supplemental Information To Statements Of Cash Flows (Supplemental Information To Statements Of Cash Flows) (Details) (USD $)	12 Months Ended
In Thousands, unless otherwise specified	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Supplemental Cash Flow Information [Abstract]
Interest paid, net of capitalized interest	$54,558	$55,754	$50,154
Interest capitalized	400	649	370
Income taxes paid, net	815	2,353	8,012
Increase in distributions payable on common shares	13,227	10,044	9,899
Decrease in distributions payable on preferred shares	-1,064	-59	-3,236
Write-off of fully depreciated furniture, fixtures and equipment	582	7,888	0
Write-off of fully amortized deferred financing costs	273	203	162
(Decrease) increase in accrued capital expenditures	-994	3,116	-242
Issuance of restricted shares to employees and executives, net	7,953	5,258	4,764
Issuance of common shares for Board of Trustees compensation	602	277	494
Investment in properties, net of closing costs	167,921	0	0
Other assets	1,397	0	0
Liabilities	-1,480	0	0
Sale of properties	167,838	0	0
Investment in properties (after credits at closing)	-194,198	-349,802	-390,076
Other assets	-1,361	-2,509	-1,623
Liabilities	4,448	50,176	5,084
Acquisition of properties	($191,111)	($302,135)	($386,615)

Subsequent_Events_Subsequent_E

Subsequent Events Subsequent Events (Narrative) (Details) (USD $)

12 Months Ended

0 Months Ended

In Thousands, except Share data, unless otherwise specified

Dec. 31, 2014

Dec. 31, 2013

Dec. 31, 2012

Jan. 05, 2015

Jan. 23, 2015

Jul. 01, 2014

Jan. 01, 2014

Jan. 26, 2012

Jan. 01, 2015

Dec. 24, 2014

Dec. 12, 2014

Oct. 25, 2013

Jan. 22, 2014

Jan. 01, 2013

Installments

Subsequent Event [Line Items]

Common shares, shares issued

112,828,536

103,963,828

1,140,000

7,600,000

7,705,000

Distributions on earned shares from share awards with market conditions

($314)

($20)

($56)

Treasury Stock, Shares, Acquired

91,394

Ownership Percent

100.00%

100.00%

100.00%

Business Combination, Consideration Transferred

194,325

303,775

390,699

2009 Plan [Member]

Subsequent Event [Line Items]

Common shares, shares issued

13,948

9,385

10,332

Deferred shares

6,064

7,921

Number of Annual Installments

5

Subsequent Event [Member]

Subsequent Event [Line Items]

Treasury Stock, Shares, Acquired

41,300

Subsequent Event [Member] | 2014 Plan [Member]

Subsequent Event [Line Items]

Common shares, shares issued

11,682

Deferred shares

4,183

Subsequent Event [Member] | 2009 Plan [Member]

Subsequent Event [Line Items]

Common shares, shares issued

9,757

Park Central San Francisco [Member]

Subsequent Event [Line Items]

Deposit Assets

25,000

Park Central San Francisco [Member] | Subsequent Event [Member]

Subsequent Event [Line Items]

Business Acquisition, Effective Date of Acquisition

23-Jan-15

Ownership Percent

100.00%

Number of Rooms Acquired

681

Business Combination, Consideration Transferred

350,000

Nonvested Share Awards with Market or Performance Conditions [Member]

Subsequent Event [Line Items]

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

131,745

[1]

Distributions on earned shares from share awards with market conditions

239

75

Nonvested Share Awards with Market or Performance Conditions [Member] | Subsequent Event [Member]

Subsequent Event [Line Items]

Distributions on earned shares from share awards with market conditions

334

January 26, 2012 Awards [Member] | Nonvested Share Awards with Market or Performance Conditions [Member]

Subsequent Event [Line Items]

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

79,823

January 26, 2012 Awards [Member] | Nonvested Share Awards with Market or Performance Conditions [Member] | Subsequent Event [Member]

Subsequent Event [Line Items]

Number of shares earned

108,779

Number Of Shares Earned As A Percentage Of Target Shares

136.30%

January 26, 2012 Awards [Member] | Vesting Period One [Member] | Nonvested Share Awards with Market or Performance Conditions [Member] | Subsequent Event [Member]

Subsequent Event [Line Items]

Number of shares earned

36,261

January 26, 2012 Awards [Member] | Vesting Period Two [Member] | Nonvested Share Awards with Market or Performance Conditions [Member] | Subsequent Event [Member]

Subsequent Event [Line Items]

Number of shares earned

72,518

[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.

Subsequent_Events_Dividends_De

Subsequent Events Dividends (Details) (USD $)

3 Months Ended

12 Months Ended

3 Months Ended

Dec. 31, 2014

Sep. 30, 2014

Jun. 30, 2014

Mar. 31, 2014

Dec. 31, 2014

Dec. 31, 2013

Dec. 31, 2012

Mar. 31, 2015

Subsequent Event [Line Items]

Common Dividend per Share/Unit

$0.38

[1]

$0.38

[1]

$0.28

[1]

$0.28

[1]

$1.41

$0.96

$0.71

For the Quarter Ended

30-Sep-14

30-Jun-14

31-Mar-14

31-Dec-13

Record Date

30-Sep-14

30-Jun-14

31-Mar-14

31-Dec-13

Payable Date

15-Oct-14

15-Jul-14

15-Apr-14

15-Jan-14

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

Subsequent Event [Line Items]

Preferred Dividend per Share/Unit

$0.47

[1]

$0.47

[1]

$0.47

[1]

$0.47

[1]

For the Quarter Ended

30-Sep-14

30-Jun-14

31-Mar-14

31-Dec-13

Record Date

1-Oct-14

1-Jul-14

1-Apr-14

1-Jan-14

Payable Date

15-Oct-14

15-Jul-14

15-Apr-14

15-Jan-14

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

Subsequent Event [Line Items]

Preferred Dividend per Share/Unit

$0.40

[1]

$0.40

[1]

$0.40

[1]

$0.40

[1]

For the Quarter Ended

30-Sep-14

30-Jun-14

31-Mar-14

31-Dec-13

Record Date

1-Oct-14

1-Jul-14

1-Apr-14

1-Jan-14

Payable Date

15-Oct-14

15-Jul-14

15-Apr-14

15-Jan-14

Subsequent Event [Member] | Common Shares of Beneficial Interest [Member]

Subsequent Event [Line Items]

Common Dividend per Share/Unit

$0.38

[1]

For the Quarter Ended

31-Dec-14

Record Date

31-Dec-14

Payable Date

15-Jan-15

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

Subsequent Event [Line Items]

Preferred Dividend per Share/Unit

$0.47

[1]

For the Quarter Ended

31-Dec-14

Record Date

1-Jan-15

Payable Date

15-Jan-15

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

Subsequent Event [Line Items]

Preferred Dividend per Share/Unit

$0.40

[1]

For the Quarter Ended

31-Dec-14

Record Date

1-Jan-15

Payable Date

15-Jan-15

[1]

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

Quarterly_Operating_Results_Qu1

Quarterly Operating Results Quarterly Operating Results (Schedule of Quarterly Operating Data)(Details) (USD $)	3 Months Ended								12 Months Ended
In Thousands, except Share data, unless otherwise specified	Dec. 31, 2014	Sep. 30, 2014	Jun. 30, 2014	Mar. 31, 2014	Dec. 31, 2013	Sep. 30, 2013	Jun. 30, 2013	Mar. 31, 2013	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Quarterly Financial Information Disclosure [Abstract]
Total revenues	$269,818	$357,661	$356,663	$220,653	$254,510	$272,434	$265,955	$194,073
Total expenses	243,930	256,149	265,695	225,524	235,679	239,686	224,949	196,403
Net (loss) income	25,888	101,512	90,968	-4,871	18,831	32,748	41,006	-2,330	213,497	90,255	71,577
Net loss (income) attributable to noncontrolling interests	-87	-297	-274	6	-69	-108	-143	0	-652	-320	-281
Distributions to preferred shareholders	-3,042	-3,042	-4,142	-4,107	-4,107	-4,106	-4,107	-5,065	-14,333	-17,385	-21,733
Issuance costs of redeemed preferred shares	0	-9	-942	0	0	0	-1,566	0	-951	-1,566	-4,417
Net income attributable to common shareholders	$22,759	$98,164	$85,610	($8,972)	$14,655	$28,534	$35,190	($7,395)	$197,561	$70,984	$45,146
Earnings per Common Share - Basic:
Net income attributable to common shareholders excluding amounts attributable to unvested restricted shares, Basic (in dollars per share)	$0.22	$0.94	$0.82	($0.09)	$0.14	$0.30	$0.37	($0.08)	$1.89	$0.73	$0.52
Earnings per Common Share - Diluted:
Net income attributable to common shareholders excluding amounts attributable to unvested restricted shares, Diluted (in dollars per share)	$0.21	$0.94	$0.82	($0.09)	$0.14	$0.30	$0.37	($0.08)	$1.88	$0.73	$0.52
Weighted average number of common shares outstanding, Basic and Diluted:
Basic (in shares)	105,550,157	103,798,853	103,698,332	103,691,657	101,585,583	95,890,474	95,465,464	95,166,029	104,188,785	97,041,484	85,757,969
Diluted (in shares)	105,902,098	104,133,553	104,024,472	103,691,657	101,820,954	96,082,340	95,630,066	95,166,029	104,545,895	97,228,671	85,897,274

Real_Estate_and_Accumulated_De1

Real Estate and Accumulated Depreciation Real Estate and Accumulated Depreciation (Details) (USD $)	12 Months Ended
In Thousands, unless otherwise specified	Dec. 31, 2014		Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$543,590
Initial Cost, Land	565,392
Initial Cost, Buildings and Improvements	2,994,286
Initial Cost, Furniture, Fixtures and Equipment	174,374
Costs Capitalized Subsequent to Acquisition, Land	36,570	[1]
Costs Capitalized Subsequent to Acquisition, Building and Improvements	300,947	[1]
Costs Capitalized Subsequent to Acquisition, Furniture, Fixtures and Equipment	422,505	[1]
Gross Amounts at Which Carried at Close of Period, Land	601,962
Gross Amounts at Which Carried at Close of Period, Building and Improvements	3,295,233
Gross Amounts at Which Carried at Close of Period, Furniture, Fixtures and Equipment	596,879
Gross Amounts at Which Carried at Close of Period, Accumulated Depreciation	1,065,518		967,885	832,245	708,436
Net Book Value	3,428,556
Le Montrose Suite Hotel [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Cost, Land	5,004
Initial Cost, Buildings and Improvements	19,752
Initial Cost, Furniture, Fixtures and Equipment	2,951
Costs Capitalized Subsequent to Acquisition, Land	0	[1]
Costs Capitalized Subsequent to Acquisition, Building and Improvements	5,285	[1]
Costs Capitalized Subsequent to Acquisition, Furniture, Fixtures and Equipment	12,625	[1]
Gross Amounts at Which Carried at Close of Period, Land	5,004
Gross Amounts at Which Carried at Close of Period, Building and Improvements	25,037
Gross Amounts at Which Carried at Close of Period, Furniture, Fixtures and Equipment	15,576
Gross Amounts at Which Carried at Close of Period, Accumulated Depreciation	25,299
Net Book Value	20,318
Date of Acquisition	29-Apr-98
San Diego Paradise Point Resort And Spa [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Cost, Land	0
Initial Cost, Buildings and Improvements	69,639
Initial Cost, Furniture, Fixtures and Equipment	3,665
Costs Capitalized Subsequent to Acquisition, Land	154	[1]
Costs Capitalized Subsequent to Acquisition, Building and Improvements	37,256	[1]
Costs Capitalized Subsequent to Acquisition, Furniture, Fixtures and Equipment	30,435	[1]
Gross Amounts at Which Carried at Close of Period, Land	154
Gross Amounts at Which Carried at Close of Period, Building and Improvements	106,895
Gross Amounts at Which Carried at Close of Period, Furniture, Fixtures and Equipment	34,100
Gross Amounts at Which Carried at Close of Period, Accumulated Depreciation	83,193
Net Book Value	57,956
Date of Acquisition	1-Jun-98
Hyatt Boston Harbor [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	42,500
Initial Cost, Land	0
Initial Cost, Buildings and Improvements	66,159
Initial Cost, Furniture, Fixtures and Equipment	5,246
Costs Capitalized Subsequent to Acquisition, Land	16	[1]
Costs Capitalized Subsequent to Acquisition, Building and Improvements	4,785	[1]
Costs Capitalized Subsequent to Acquisition, Furniture, Fixtures and Equipment	8,313	[1]
Gross Amounts at Which Carried at Close of Period, Land	16
Gross Amounts at Which Carried at Close of Period, Building and Improvements	70,944
Gross Amounts at Which Carried at Close of Period, Furniture, Fixtures and Equipment	13,559
Gross Amounts at Which Carried at Close of Period, Accumulated Depreciation	50,385
Net Book Value	34,134
Date of Acquisition	24-Jun-98
Topaz Hotel [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Cost, Land	2,137
Initial Cost, Buildings and Improvements	8,549
Initial Cost, Furniture, Fixtures and Equipment	0
Costs Capitalized Subsequent to Acquisition, Land	12	[1]
Costs Capitalized Subsequent to Acquisition, Building and Improvements	4,307	[1]
Costs Capitalized Subsequent to Acquisition, Furniture, Fixtures and Equipment	6,254	[1]
Gross Amounts at Which Carried at Close of Period, Land	2,149
Gross Amounts at Which Carried at Close of Period, Building and Improvements	12,856
Gross Amounts at Which Carried at Close of Period, Furniture, Fixtures and Equipment	6,254
Gross Amounts at Which Carried at Close of Period, Accumulated Depreciation	11,115
Net Book Value	10,144
Date of Acquisition	8-Mar-01
Hotel Madera [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Cost, Land	1,682
Initial Cost, Buildings and Improvements	6,726
Initial Cost, Furniture, Fixtures and Equipment	0
Costs Capitalized Subsequent to Acquisition, Land	15	[1]
Costs Capitalized Subsequent to Acquisition, Building and Improvements	5,311	[1]
Costs Capitalized Subsequent to Acquisition, Furniture, Fixtures and Equipment	6,283	[1]
Gross Amounts at Which Carried at Close of Period, Land	1,697
Gross Amounts at Which Carried at Close of Period, Building and Improvements	12,037
Gross Amounts at Which Carried at Close of Period, Furniture, Fixtures and Equipment	6,283
Gross Amounts at Which Carried at Close of Period, Accumulated Depreciation	9,685
Net Book Value	10,332
Date of Acquisition	8-Mar-01
Hotel Rouge [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Cost, Land	2,162
Initial Cost, Buildings and Improvements	8,647
Initial Cost, Furniture, Fixtures and Equipment	0
Costs Capitalized Subsequent to Acquisition, Land	17	[1]
Costs Capitalized Subsequent to Acquisition, Building and Improvements	5,017	[1]
Costs Capitalized Subsequent to Acquisition, Furniture, Fixtures and Equipment	8,031	[1]
Gross Amounts at Which Carried at Close of Period, Land	2,179
Gross Amounts at Which Carried at Close of Period, Building and Improvements	13,664
Gross Amounts at Which Carried at Close of Period, Furniture, Fixtures and Equipment	8,031
Gross Amounts at Which Carried at Close of Period, Accumulated Depreciation	12,849
Net Book Value	11,025
Date of Acquisition	8-Mar-01
Hotel Helix [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Cost, Land	2,636
Initial Cost, Buildings and Improvements	10,546
Initial Cost, Furniture, Fixtures and Equipment	0
Costs Capitalized Subsequent to Acquisition, Land	14	[1]
Costs Capitalized Subsequent to Acquisition, Building and Improvements	9,945	[1]
Costs Capitalized Subsequent to Acquisition, Furniture, Fixtures and Equipment	7,902	[1]
Gross Amounts at Which Carried at Close of Period, Land	2,650
Gross Amounts at Which Carried at Close of Period, Building and Improvements	20,491
Gross Amounts at Which Carried at Close of Period, Furniture, Fixtures and Equipment	7,902
Gross Amounts at Which Carried at Close of Period, Accumulated Depreciation	15,464
Net Book Value	15,579
Date of Acquisition	8-Mar-01
The Liaison Capitol Hill [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Cost, Land	8,353
Initial Cost, Buildings and Improvements	33,412
Initial Cost, Furniture, Fixtures and Equipment	2,742
Costs Capitalized Subsequent to Acquisition, Land	19	[1]
Costs Capitalized Subsequent to Acquisition, Building and Improvements	15,007	[1]
Costs Capitalized Subsequent to Acquisition, Furniture, Fixtures and Equipment	21,045	[1]
Gross Amounts at Which Carried at Close of Period, Land	8,372
Gross Amounts at Which Carried at Close of Period, Building and Improvements	48,419
Gross Amounts at Which Carried at Close of Period, Furniture, Fixtures and Equipment	23,787
Gross Amounts at Which Carried at Close of Period, Accumulated Depreciation	40,940
Net Book Value	39,638
Date of Acquisition	1-Jun-01
Lansdowne Resort [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Cost, Land	27,421
Initial Cost, Buildings and Improvements	74,835
Initial Cost, Furniture, Fixtures and Equipment	3,114
Costs Capitalized Subsequent to Acquisition, Land	33,147	[1]
Costs Capitalized Subsequent to Acquisition, Building and Improvements	27,399	[1]
Costs Capitalized Subsequent to Acquisition, Furniture, Fixtures and Equipment	25,195	[1]
Gross Amounts at Which Carried at Close of Period, Land	60,568
Gross Amounts at Which Carried at Close of Period, Building and Improvements	102,234
Gross Amounts at Which Carried at Close of Period, Furniture, Fixtures and Equipment	28,309
Gross Amounts at Which Carried at Close of Period, Accumulated Depreciation	69,004
Net Book Value	122,107
Date of Acquisition	17-Jun-03
Hotel George [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Cost, Land	1,743
Initial Cost, Buildings and Improvements	22,221
Initial Cost, Furniture, Fixtures and Equipment	531
Costs Capitalized Subsequent to Acquisition, Land	0	[1]
Costs Capitalized Subsequent to Acquisition, Building and Improvements	805	[1]
Costs Capitalized Subsequent to Acquisition, Furniture, Fixtures and Equipment	8,211	[1]
Gross Amounts at Which Carried at Close of Period, Land	1,743
Gross Amounts at Which Carried at Close of Period, Building and Improvements	23,026
Gross Amounts at Which Carried at Close of Period, Furniture, Fixtures and Equipment	8,742
Gross Amounts at Which Carried at Close of Period, Accumulated Depreciation	12,851
Net Book Value	20,660
Date of Acquisition	18-Sep-03
Indianapolis Marriott Downtown [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	97,528
Initial Cost, Land	0
Initial Cost, Buildings and Improvements	96,173
Initial Cost, Furniture, Fixtures and Equipment	9,879
Costs Capitalized Subsequent to Acquisition, Land	0	[1]
Costs Capitalized Subsequent to Acquisition, Building and Improvements	2,100	[1]
Costs Capitalized Subsequent to Acquisition, Furniture, Fixtures and Equipment	13,148	[1]
Gross Amounts at Which Carried at Close of Period, Land	0
Gross Amounts at Which Carried at Close of Period, Building and Improvements	98,273
Gross Amounts at Which Carried at Close of Period, Furniture, Fixtures and Equipment	23,027
Gross Amounts at Which Carried at Close of Period, Accumulated Depreciation	56,399
Net Book Value	64,901
Date of Acquisition	10-Feb-04
Chaminade Resort And Conference Center [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Cost, Land	5,240
Initial Cost, Buildings and Improvements	13,111
Initial Cost, Furniture, Fixtures and Equipment	299
Costs Capitalized Subsequent to Acquisition, Land	24	[1]
Costs Capitalized Subsequent to Acquisition, Building and Improvements	9,023	[1]
Costs Capitalized Subsequent to Acquisition, Furniture, Fixtures and Equipment	9,386	[1]
Gross Amounts at Which Carried at Close of Period, Land	5,264
Gross Amounts at Which Carried at Close of Period, Building and Improvements	22,134
Gross Amounts at Which Carried at Close of Period, Furniture, Fixtures and Equipment	9,685
Gross Amounts at Which Carried at Close of Period, Accumulated Depreciation	17,230
Net Book Value	19,853
Date of Acquisition	18-Nov-04
Hilton San Diego Gaslamp Quarter [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Cost, Land	5,008
Initial Cost, Buildings and Improvements	77,892
Initial Cost, Furniture, Fixtures and Equipment	2,250
Costs Capitalized Subsequent to Acquisition, Land	0	[1]
Costs Capitalized Subsequent to Acquisition, Building and Improvements	1,257	[1]
Costs Capitalized Subsequent to Acquisition, Furniture, Fixtures and Equipment	10,158	[1]
Gross Amounts at Which Carried at Close of Period, Land	5,008
Gross Amounts at Which Carried at Close of Period, Building and Improvements	79,149
Gross Amounts at Which Carried at Close of Period, Furniture, Fixtures and Equipment	12,408
Gross Amounts at Which Carried at Close of Period, Accumulated Depreciation	26,732
Net Book Value	69,833
Date of Acquisition	6-Jan-05
The Grafton on Sunset [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Cost, Land	1,882
Initial Cost, Buildings and Improvements	23,226
Initial Cost, Furniture, Fixtures and Equipment	431
Costs Capitalized Subsequent to Acquisition, Land	11	[1]
Costs Capitalized Subsequent to Acquisition, Building and Improvements	1,038	[1]
Costs Capitalized Subsequent to Acquisition, Furniture, Fixtures and Equipment	7,703	[1]
Gross Amounts at Which Carried at Close of Period, Land	1,893
Gross Amounts at Which Carried at Close of Period, Building and Improvements	24,264
Gross Amounts at Which Carried at Close of Period, Furniture, Fixtures and Equipment	8,134
Gross Amounts at Which Carried at Close of Period, Accumulated Depreciation	9,353
Net Book Value	24,938
Date of Acquisition	10-Jan-05
Onyx Hotel [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Cost, Land	6,963
Initial Cost, Buildings and Improvements	21,262
Initial Cost, Furniture, Fixtures and Equipment	445
Costs Capitalized Subsequent to Acquisition, Land	2,500	[1]
Costs Capitalized Subsequent to Acquisition, Building and Improvements	138	[1]
Costs Capitalized Subsequent to Acquisition, Furniture, Fixtures and Equipment	3,711	[1]
Gross Amounts at Which Carried at Close of Period, Land	9,463
Gross Amounts at Which Carried at Close of Period, Building and Improvements	21,400
Gross Amounts at Which Carried at Close of Period, Furniture, Fixtures and Equipment	4,156
Gross Amounts at Which Carried at Close of Period, Accumulated Depreciation	6,716
Net Book Value	28,303
Date of Acquisition	18-May-05
Westin Copley Place [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	210,000
Initial Cost, Land	0
Initial Cost, Buildings and Improvements	295,809
Initial Cost, Furniture, Fixtures and Equipment	28,223
Costs Capitalized Subsequent to Acquisition, Land	0	[1]
Costs Capitalized Subsequent to Acquisition, Building and Improvements	19,267	[1]
Costs Capitalized Subsequent to Acquisition, Furniture, Fixtures and Equipment	39,055	[1]
Gross Amounts at Which Carried at Close of Period, Land	0
Gross Amounts at Which Carried at Close of Period, Building and Improvements	315,076
Gross Amounts at Which Carried at Close of Period, Furniture, Fixtures and Equipment	67,278
Gross Amounts at Which Carried at Close of Period, Accumulated Depreciation	132,078
Net Book Value	250,276
Date of Acquisition	31-Aug-05
Hotel Deca [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Cost, Land	4,938
Initial Cost, Buildings and Improvements	21,720
Initial Cost, Furniture, Fixtures and Equipment	577
Costs Capitalized Subsequent to Acquisition, Land	0	[1]
Costs Capitalized Subsequent to Acquisition, Building and Improvements	826	[1]
Costs Capitalized Subsequent to Acquisition, Furniture, Fixtures and Equipment	5,648	[1]
Gross Amounts at Which Carried at Close of Period, Land	4,938
Gross Amounts at Which Carried at Close of Period, Building and Improvements	22,546
Gross Amounts at Which Carried at Close of Period, Furniture, Fixtures and Equipment	6,225
Gross Amounts at Which Carried at Close of Period, Accumulated Depreciation	9,557
Net Book Value	24,152
Date of Acquisition	8-Dec-05
The Hilton San Diego Resort and Spa [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Cost, Land	0
Initial Cost, Buildings and Improvements	85,572
Initial Cost, Furniture, Fixtures and Equipment	4,800
Costs Capitalized Subsequent to Acquisition, Land	122	[1]
Costs Capitalized Subsequent to Acquisition, Building and Improvements	15,431	[1]
Costs Capitalized Subsequent to Acquisition, Furniture, Fixtures and Equipment	17,575	[1]
Gross Amounts at Which Carried at Close of Period, Land	122
Gross Amounts at Which Carried at Close of Period, Building and Improvements	101,003
Gross Amounts at Which Carried at Close of Period, Furniture, Fixtures and Equipment	22,375
Gross Amounts at Which Carried at Close of Period, Accumulated Depreciation	46,322
Net Book Value	77,178
Date of Acquisition	15-Dec-05
The Donovan [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Cost, Land	11,384
Initial Cost, Buildings and Improvements	34,573
Initial Cost, Furniture, Fixtures and Equipment	0
Costs Capitalized Subsequent to Acquisition, Land	0	[1]
Costs Capitalized Subsequent to Acquisition, Building and Improvements	36,455	[1]
Costs Capitalized Subsequent to Acquisition, Furniture, Fixtures and Equipment	14,965	[1]
Gross Amounts at Which Carried at Close of Period, Land	11,384
Gross Amounts at Which Carried at Close of Period, Building and Improvements	71,028
Gross Amounts at Which Carried at Close of Period, Furniture, Fixtures and Equipment	14,965
Gross Amounts at Which Carried at Close of Period, Accumulated Depreciation	33,612
Net Book Value	63,765
Date of Acquisition	16-Dec-05
Le Parc Suite Hotel [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Cost, Land	13,971
Initial Cost, Buildings and Improvements	31,742
Initial Cost, Furniture, Fixtures and Equipment	2,741
Costs Capitalized Subsequent to Acquisition, Land	3	[1]
Costs Capitalized Subsequent to Acquisition, Building and Improvements	2,300	[1]
Costs Capitalized Subsequent to Acquisition, Furniture, Fixtures and Equipment	8,994	[1]
Gross Amounts at Which Carried at Close of Period, Land	13,974
Gross Amounts at Which Carried at Close of Period, Building and Improvements	34,042
Gross Amounts at Which Carried at Close of Period, Furniture, Fixtures and Equipment	11,735
Gross Amounts at Which Carried at Close of Period, Accumulated Depreciation	16,242
Net Book Value	43,509
Date of Acquisition	27-Jan-06
Westin Michigan Avenue [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	133,347
Initial Cost, Land	38,158
Initial Cost, Buildings and Improvements	154,181
Initial Cost, Furniture, Fixtures and Equipment	24,112
Costs Capitalized Subsequent to Acquisition, Land	17	[1]
Costs Capitalized Subsequent to Acquisition, Building and Improvements	14,303	[1]
Costs Capitalized Subsequent to Acquisition, Furniture, Fixtures and Equipment	17,301	[1]
Gross Amounts at Which Carried at Close of Period, Land	38,175
Gross Amounts at Which Carried at Close of Period, Building and Improvements	168,484
Gross Amounts at Which Carried at Close of Period, Furniture, Fixtures and Equipment	41,413
Gross Amounts at Which Carried at Close of Period, Accumulated Depreciation	77,367
Net Book Value	170,705
Date of Acquisition	1-Mar-06
Hotel Chicago [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Cost, Land	9,403
Initial Cost, Buildings and Improvements	104,148
Initial Cost, Furniture, Fixtures and Equipment	889
Costs Capitalized Subsequent to Acquisition, Land	155	[1]
Costs Capitalized Subsequent to Acquisition, Building and Improvements	25,947	[1]
Costs Capitalized Subsequent to Acquisition, Furniture, Fixtures and Equipment	21,138	[1]
Gross Amounts at Which Carried at Close of Period, Land	9,558
Gross Amounts at Which Carried at Close of Period, Building and Improvements	130,095
Gross Amounts at Which Carried at Close of Period, Furniture, Fixtures and Equipment	22,027
Gross Amounts at Which Carried at Close of Period, Accumulated Depreciation	50,544
Net Book Value	111,136
Date of Acquisition	1-Mar-06
Alexis Hotel [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Cost, Land	6,581
Initial Cost, Buildings and Improvements	31,062
Initial Cost, Furniture, Fixtures and Equipment	578
Costs Capitalized Subsequent to Acquisition, Land	13	[1]
Costs Capitalized Subsequent to Acquisition, Building and Improvements	10,094	[1]
Costs Capitalized Subsequent to Acquisition, Furniture, Fixtures and Equipment	7,975	[1]
Gross Amounts at Which Carried at Close of Period, Land	6,594
Gross Amounts at Which Carried at Close of Period, Building and Improvements	41,156
Gross Amounts at Which Carried at Close of Period, Furniture, Fixtures and Equipment	8,553
Gross Amounts at Which Carried at Close of Period, Accumulated Depreciation	17,542
Net Book Value	38,761
Date of Acquisition	15-Jun-06
Hotel Solamar [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Cost, Land	0
Initial Cost, Buildings and Improvements	79,111
Initial Cost, Furniture, Fixtures and Equipment	7,890
Costs Capitalized Subsequent to Acquisition, Land	0	[1]
Costs Capitalized Subsequent to Acquisition, Building and Improvements	397	[1]
Costs Capitalized Subsequent to Acquisition, Furniture, Fixtures and Equipment	3,978	[1]
Gross Amounts at Which Carried at Close of Period, Land	0
Gross Amounts at Which Carried at Close of Period, Building and Improvements	79,508
Gross Amounts at Which Carried at Close of Period, Furniture, Fixtures and Equipment	11,868
Gross Amounts at Which Carried at Close of Period, Accumulated Depreciation	26,455
Net Book Value	64,921
Date of Acquisition	1-Aug-06
Gild Hall [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Cost, Land	6,732
Initial Cost, Buildings and Improvements	45,016
Initial Cost, Furniture, Fixtures and Equipment	984
Costs Capitalized Subsequent to Acquisition, Land	2	[1]
Costs Capitalized Subsequent to Acquisition, Building and Improvements	3,139	[1]
Costs Capitalized Subsequent to Acquisition, Furniture, Fixtures and Equipment	9,822	[1]
Gross Amounts at Which Carried at Close of Period, Land	6,734
Gross Amounts at Which Carried at Close of Period, Building and Improvements	48,155
Gross Amounts at Which Carried at Close of Period, Furniture, Fixtures and Equipment	10,806
Gross Amounts at Which Carried at Close of Period, Accumulated Depreciation	20,934
Net Book Value	44,761
Date of Acquisition	17-Nov-06
Amarano Burbank [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Cost, Land	5,982
Initial Cost, Buildings and Improvements	29,292
Initial Cost, Furniture, Fixtures and Equipment	1,253
Costs Capitalized Subsequent to Acquisition, Land	329	[1]
Costs Capitalized Subsequent to Acquisition, Building and Improvements	6,394	[1]
Costs Capitalized Subsequent to Acquisition, Furniture, Fixtures and Equipment	3,920	[1]
Gross Amounts at Which Carried at Close of Period, Land	6,311
Gross Amounts at Which Carried at Close of Period, Building and Improvements	35,686
Gross Amounts at Which Carried at Close of Period, Furniture, Fixtures and Equipment	5,173
Gross Amounts at Which Carried at Close of Period, Accumulated Depreciation	10,964
Net Book Value	36,206
Date of Acquisition	19-Dec-06
Sofitel Washington, DC Lafayette Square [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Cost, Land	11,082
Initial Cost, Buildings and Improvements	80,342
Initial Cost, Furniture, Fixtures and Equipment	2,619
Costs Capitalized Subsequent to Acquisition, Land	0	[1]
Costs Capitalized Subsequent to Acquisition, Building and Improvements	150	[1]
Costs Capitalized Subsequent to Acquisition, Furniture, Fixtures and Equipment	6,866	[1]
Gross Amounts at Which Carried at Close of Period, Land	11,082
Gross Amounts at Which Carried at Close of Period, Building and Improvements	80,492
Gross Amounts at Which Carried at Close of Period, Furniture, Fixtures and Equipment	9,485
Gross Amounts at Which Carried at Close of Period, Accumulated Depreciation	14,491
Net Book Value	86,568
Date of Acquisition	1-Mar-10
Hotel Monaco San Francisco [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Cost, Land	11,435
Initial Cost, Buildings and Improvements	53,186
Initial Cost, Furniture, Fixtures and Equipment	3,736
Costs Capitalized Subsequent to Acquisition, Land	0	[1]
Costs Capitalized Subsequent to Acquisition, Building and Improvements	0	[1]
Costs Capitalized Subsequent to Acquisition, Furniture, Fixtures and Equipment	4,981	[1]
Gross Amounts at Which Carried at Close of Period, Land	11,435
Gross Amounts at Which Carried at Close of Period, Building and Improvements	53,186
Gross Amounts at Which Carried at Close of Period, Furniture, Fixtures and Equipment	8,717
Gross Amounts at Which Carried at Close of Period, Accumulated Depreciation	10,898
Net Book Value	62,440
Date of Acquisition	1-Sep-10
Westin Philadelphia [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Cost, Land	35,100
Initial Cost, Buildings and Improvements	106,100
Initial Cost, Furniture, Fixtures and Equipment	3,776
Costs Capitalized Subsequent to Acquisition, Land	0	[1]
Costs Capitalized Subsequent to Acquisition, Building and Improvements	716	[1]
Costs Capitalized Subsequent to Acquisition, Furniture, Fixtures and Equipment	3,660	[1]
Gross Amounts at Which Carried at Close of Period, Land	35,100
Gross Amounts at Which Carried at Close of Period, Building and Improvements	106,816
Gross Amounts at Which Carried at Close of Period, Furniture, Fixtures and Equipment	7,436
Gross Amounts at Which Carried at Close of Period, Accumulated Depreciation	15,647
Net Book Value	133,705
Date of Acquisition	1-Sep-10
Embassy Suites Philadelphia - Center City [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Cost, Land	13,600
Initial Cost, Buildings and Improvements	62,900
Initial Cost, Furniture, Fixtures and Equipment	2,504
Costs Capitalized Subsequent to Acquisition, Land	0	[1]
Costs Capitalized Subsequent to Acquisition, Building and Improvements	1,810	[1]
Costs Capitalized Subsequent to Acquisition, Furniture, Fixtures and Equipment	4,513	[1]
Gross Amounts at Which Carried at Close of Period, Land	13,600
Gross Amounts at Which Carried at Close of Period, Building and Improvements	64,710
Gross Amounts at Which Carried at Close of Period, Furniture, Fixtures and Equipment	7,017
Gross Amounts at Which Carried at Close of Period, Accumulated Depreciation	11,510
Net Book Value	73,817
Date of Acquisition	1-Sep-10
The Roger [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	60,215
Initial Cost, Land	0
Initial Cost, Buildings and Improvements	95,079
Initial Cost, Furniture, Fixtures and Equipment	3,509
Costs Capitalized Subsequent to Acquisition, Land	0	[1]
Costs Capitalized Subsequent to Acquisition, Building and Improvements	-184	[1]
Costs Capitalized Subsequent to Acquisition, Furniture, Fixtures and Equipment	11,615	[1]
Gross Amounts at Which Carried at Close of Period, Land	0
Gross Amounts at Which Carried at Close of Period, Building and Improvements	94,895
Gross Amounts at Which Carried at Close of Period, Furniture, Fixtures and Equipment	15,124
Gross Amounts at Which Carried at Close of Period, Accumulated Depreciation	20,632
Net Book Value	89,387
Date of Acquisition	6-Oct-10
Chamberlain West Hollywood [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Cost, Land	6,470
Initial Cost, Buildings and Improvements	29,085
Initial Cost, Furniture, Fixtures and Equipment	2,895
Costs Capitalized Subsequent to Acquisition, Land	0	[1]
Costs Capitalized Subsequent to Acquisition, Building and Improvements	104	[1]
Costs Capitalized Subsequent to Acquisition, Furniture, Fixtures and Equipment	2,784	[1]
Gross Amounts at Which Carried at Close of Period, Land	6,470
Gross Amounts at Which Carried at Close of Period, Building and Improvements	29,189
Gross Amounts at Which Carried at Close of Period, Furniture, Fixtures and Equipment	5,679
Gross Amounts at Which Carried at Close of Period, Accumulated Depreciation	6,229
Net Book Value	35,109
Date of Acquisition	6-Dec-10
Viceroy Santa Monica [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Cost, Land	0
Initial Cost, Buildings and Improvements	75,270
Initial Cost, Furniture, Fixtures and Equipment	4,747
Costs Capitalized Subsequent to Acquisition, Land	0	[1]
Costs Capitalized Subsequent to Acquisition, Building and Improvements	80	[1]
Costs Capitalized Subsequent to Acquisition, Furniture, Fixtures and Equipment	4,031	[1]
Gross Amounts at Which Carried at Close of Period, Land	0
Gross Amounts at Which Carried at Close of Period, Building and Improvements	75,350
Gross Amounts at Which Carried at Close of Period, Furniture, Fixtures and Equipment	8,778
Gross Amounts at Which Carried at Close of Period, Accumulated Depreciation	11,957
Net Book Value	72,171
Date of Acquisition	16-Mar-11
Villa Florence [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Cost, Land	12,413
Initial Cost, Buildings and Improvements	50,997
Initial Cost, Furniture, Fixtures and Equipment	3,202
Costs Capitalized Subsequent to Acquisition, Land	0	[1]
Costs Capitalized Subsequent to Acquisition, Building and Improvements	0	[1]
Costs Capitalized Subsequent to Acquisition, Furniture, Fixtures and Equipment	1,213	[1]
Gross Amounts at Which Carried at Close of Period, Land	12,413
Gross Amounts at Which Carried at Close of Period, Building and Improvements	50,997
Gross Amounts at Which Carried at Close of Period, Furniture, Fixtures and Equipment	4,415
Gross Amounts at Which Carried at Close of Period, Accumulated Depreciation	6,582
Net Book Value	61,243
Date of Acquisition	5-Oct-11
Park Central Hotel/WestHouse Hotel New York [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Cost, Land	135,306
Initial Cost, Buildings and Improvements	250,262
Initial Cost, Furniture, Fixtures and Equipment	9,004
Costs Capitalized Subsequent to Acquisition, Land	0	[1]
Costs Capitalized Subsequent to Acquisition, Building and Improvements	34,148	[1]
Costs Capitalized Subsequent to Acquisition, Furniture, Fixtures and Equipment	47,900	[1]
Gross Amounts at Which Carried at Close of Period, Land	135,306
Gross Amounts at Which Carried at Close of Period, Building and Improvements	284,410
Gross Amounts at Which Carried at Close of Period, Furniture, Fixtures and Equipment	56,904
Gross Amounts at Which Carried at Close of Period, Accumulated Depreciation	36,955
Net Book Value	439,665
Date of Acquisition	29-Dec-11
Hotel Palomar, Washington, DC [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Cost, Land	26,859
Initial Cost, Buildings and Improvements	111,214
Initial Cost, Furniture, Fixtures and Equipment	5,648
Costs Capitalized Subsequent to Acquisition, Land	0	[1]
Costs Capitalized Subsequent to Acquisition, Building and Improvements	614	[1]
Costs Capitalized Subsequent to Acquisition, Furniture, Fixtures and Equipment	1,320	[1]
Gross Amounts at Which Carried at Close of Period, Land	26,859
Gross Amounts at Which Carried at Close of Period, Building and Improvements	111,828
Gross Amounts at Which Carried at Close of Period, Furniture, Fixtures and Equipment	6,968
Gross Amounts at Which Carried at Close of Period, Accumulated Depreciation	11,351
Net Book Value	134,304
Date of Acquisition	8-Mar-12
L'Auberge Del Mar [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Cost, Land	13,475
Initial Cost, Buildings and Improvements	59,481
Initial Cost, Furniture, Fixtures and Equipment	3,628
Costs Capitalized Subsequent to Acquisition, Land	0	[1]
Costs Capitalized Subsequent to Acquisition, Building and Improvements	19	[1]
Costs Capitalized Subsequent to Acquisition, Furniture, Fixtures and Equipment	1,154	[1]
Gross Amounts at Which Carried at Close of Period, Land	13,475
Gross Amounts at Which Carried at Close of Period, Building and Improvements	59,500
Gross Amounts at Which Carried at Close of Period, Furniture, Fixtures and Equipment	4,782
Gross Amounts at Which Carried at Close of Period, Accumulated Depreciation	4,688
Net Book Value	73,069
Date of Acquisition	6-Dec-12
The Liberty Hotel [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Cost, Land	0
Initial Cost, Buildings and Improvements	160,731
Initial Cost, Furniture, Fixtures and Equipment	9,040
Costs Capitalized Subsequent to Acquisition, Land	0	[1]
Costs Capitalized Subsequent to Acquisition, Building and Improvements	145	[1]
Costs Capitalized Subsequent to Acquisition, Furniture, Fixtures and Equipment	1,556	[1]
Gross Amounts at Which Carried at Close of Period, Land	0
Gross Amounts at Which Carried at Close of Period, Building and Improvements	160,876
Gross Amounts at Which Carried at Close of Period, Furniture, Fixtures and Equipment	10,596
Gross Amounts at Which Carried at Close of Period, Accumulated Depreciation	11,850
Net Book Value	159,622
Date of Acquisition	28-Dec-12
Harbor Court Hotel [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Cost, Land	0
Initial Cost, Buildings and Improvements	54,563
Initial Cost, Furniture, Fixtures and Equipment	714
Costs Capitalized Subsequent to Acquisition, Land	0	[1]
Costs Capitalized Subsequent to Acquisition, Building and Improvements	0	[1]
Costs Capitalized Subsequent to Acquisition, Furniture, Fixtures and Equipment	151	[1]
Gross Amounts at Which Carried at Close of Period, Land	0
Gross Amounts at Which Carried at Close of Period, Building and Improvements	54,563
Gross Amounts at Which Carried at Close of Period, Furniture, Fixtures and Equipment	865
Gross Amounts at Which Carried at Close of Period, Accumulated Depreciation	2,421
Net Book Value	53,007
Date of Acquisition	1-Aug-13
Hotel Triton [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Cost, Land	0
Initial Cost, Buildings and Improvements	37,253
Initial Cost, Furniture, Fixtures and Equipment	1,379
Costs Capitalized Subsequent to Acquisition, Land	0	[1]
Costs Capitalized Subsequent to Acquisition, Building and Improvements	18	[1]
Costs Capitalized Subsequent to Acquisition, Furniture, Fixtures and Equipment	243	[1]
Gross Amounts at Which Carried at Close of Period, Land	0
Gross Amounts at Which Carried at Close of Period, Building and Improvements	37,271
Gross Amounts at Which Carried at Close of Period, Furniture, Fixtures and Equipment	1,622
Gross Amounts at Which Carried at Close of Period, Accumulated Depreciation	1,936
Net Book Value	36,957
Date of Acquisition	1-Aug-13
Serrano Hotel [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Cost, Land	20,475
Initial Cost, Buildings and Improvements	48,501
Initial Cost, Furniture, Fixtures and Equipment	2,500
Costs Capitalized Subsequent to Acquisition, Land	0	[1]
Costs Capitalized Subsequent to Acquisition, Building and Improvements	-40	[1]
Costs Capitalized Subsequent to Acquisition, Furniture, Fixtures and Equipment	456	[1]
Gross Amounts at Which Carried at Close of Period, Land	20,475
Gross Amounts at Which Carried at Close of Period, Building and Improvements	48,461
Gross Amounts at Which Carried at Close of Period, Furniture, Fixtures and Equipment	2,956
Gross Amounts at Which Carried at Close of Period, Accumulated Depreciation	2,790
Net Book Value	69,102
Date of Acquisition	21-Aug-13
Southernmost Hotel Collection [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Cost, Land	101,517
Initial Cost, Buildings and Improvements	79,795
Initial Cost, Furniture, Fixtures and Equipment	3,105
Costs Capitalized Subsequent to Acquisition, Land	0	[1]
Costs Capitalized Subsequent to Acquisition, Building and Improvements	141	[1]
Costs Capitalized Subsequent to Acquisition, Furniture, Fixtures and Equipment	1,221	[1]
Gross Amounts at Which Carried at Close of Period, Land	101,517
Gross Amounts at Which Carried at Close of Period, Building and Improvements	79,936
Gross Amounts at Which Carried at Close of Period, Furniture, Fixtures and Equipment	4,326
Gross Amounts at Which Carried at Close of Period, Accumulated Depreciation	3,686
Net Book Value	182,093
Date of Acquisition	27-Aug-13
Hotel Vitale [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Cost, Land	0
Initial Cost, Buildings and Improvements	125,150
Initial Cost, Furniture, Fixtures and Equipment	4,766
Costs Capitalized Subsequent to Acquisition, Land	0	[1]
Costs Capitalized Subsequent to Acquisition, Building and Improvements	0	[1]
Costs Capitalized Subsequent to Acquisition, Furniture, Fixtures and Equipment	70	[1]
Gross Amounts at Which Carried at Close of Period, Land	0
Gross Amounts at Which Carried at Close of Period, Building and Improvements	125,150
Gross Amounts at Which Carried at Close of Period, Furniture, Fixtures and Equipment	4,836
Gross Amounts at Which Carried at Close of Period, Accumulated Depreciation	3,063
Net Book Value	126,923
Date of Acquisition	2-Apr-14
The Heathman Hotel [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Cost, Land	10,280
Initial Cost, Buildings and Improvements	50,001
Initial Cost, Furniture, Fixtures and Equipment	4,002
Costs Capitalized Subsequent to Acquisition, Land	0	[1]
Costs Capitalized Subsequent to Acquisition, Building and Improvements	0	[1]
Costs Capitalized Subsequent to Acquisition, Furniture, Fixtures and Equipment	0	[1]
Gross Amounts at Which Carried at Close of Period, Land	10,280
Gross Amounts at Which Carried at Close of Period, Building and Improvements	50,001
Gross Amounts at Which Carried at Close of Period, Furniture, Fixtures and Equipment	4,002
Gross Amounts at Which Carried at Close of Period, Accumulated Depreciation	0
Net Book Value	$64,283
Date of Acquisition	18-Dec-14
Minimum [Member] | Le Montrose Suite Hotel [Member]
Real Estate and Accumulated Depreciation [Line Items]
Life on which Depreciation in Statement of Operations is Computed	3 years
Minimum [Member] | San Diego Paradise Point Resort And Spa [Member]
Real Estate and Accumulated Depreciation [Line Items]
Life on which Depreciation in Statement of Operations is Computed	3 years
Minimum [Member] | Hyatt Boston Harbor [Member]
Real Estate and Accumulated Depreciation [Line Items]
Life on which Depreciation in Statement of Operations is Computed	3 years
Minimum [Member] | Topaz Hotel [Member]
Real Estate and Accumulated Depreciation [Line Items]
Life on which Depreciation in Statement of Operations is Computed	3 years
Minimum [Member] | Hotel Madera [Member]
Real Estate and Accumulated Depreciation [Line Items]
Life on which Depreciation in Statement of Operations is Computed	3 years
Minimum [Member] | Hotel Rouge [Member]
Real Estate and Accumulated Depreciation [Line Items]
Life on which Depreciation in Statement of Operations is Computed	3 years
Minimum [Member] | Hotel Helix [Member]
Real Estate and Accumulated Depreciation [Line Items]
Life on which Depreciation in Statement of Operations is Computed	3 years
Minimum [Member] | The Liaison Capitol Hill [Member]
Real Estate and Accumulated Depreciation [Line Items]
Life on which Depreciation in Statement of Operations is Computed	3 years
Minimum [Member] | Lansdowne Resort [Member]
Real Estate and Accumulated Depreciation [Line Items]
Life on which Depreciation in Statement of Operations is Computed	3 years
Minimum [Member] | Hotel George [Member]
Real Estate and Accumulated Depreciation [Line Items]
Life on which Depreciation in Statement of Operations is Computed	3 years
Minimum [Member] | Indianapolis Marriott Downtown [Member]
Real Estate and Accumulated Depreciation [Line Items]
Life on which Depreciation in Statement of Operations is Computed	3 years
Minimum [Member] | Chaminade Resort And Conference Center [Member]
Real Estate and Accumulated Depreciation [Line Items]
Life on which Depreciation in Statement of Operations is Computed	3 years
Minimum [Member] | Hilton San Diego Gaslamp Quarter [Member]
Real Estate and Accumulated Depreciation [Line Items]
Life on which Depreciation in Statement of Operations is Computed	3 years
Minimum [Member] | The Grafton on Sunset [Member]
Real Estate and Accumulated Depreciation [Line Items]
Life on which Depreciation in Statement of Operations is Computed	3 years
Minimum [Member] | Onyx Hotel [Member]
Real Estate and Accumulated Depreciation [Line Items]
Life on which Depreciation in Statement of Operations is Computed	3 years
Minimum [Member] | Westin Copley Place [Member]
Real Estate and Accumulated Depreciation [Line Items]
Life on which Depreciation in Statement of Operations is Computed	3 years
Minimum [Member] | Hotel Deca [Member]
Real Estate and Accumulated Depreciation [Line Items]
Life on which Depreciation in Statement of Operations is Computed	3 years
Minimum [Member] | The Hilton San Diego Resort and Spa [Member]
Real Estate and Accumulated Depreciation [Line Items]
Life on which Depreciation in Statement of Operations is Computed	3 years
Minimum [Member] | The Donovan [Member]
Real Estate and Accumulated Depreciation [Line Items]
Life on which Depreciation in Statement of Operations is Computed	3 years
Minimum [Member] | Le Parc Suite Hotel [Member]
Real Estate and Accumulated Depreciation [Line Items]
Life on which Depreciation in Statement of Operations is Computed	3 years
Minimum [Member] | Westin Michigan Avenue [Member]
Real Estate and Accumulated Depreciation [Line Items]
Life on which Depreciation in Statement of Operations is Computed	3 years
Minimum [Member] | Hotel Chicago [Member]
Real Estate and Accumulated Depreciation [Line Items]
Life on which Depreciation in Statement of Operations is Computed	3 years
Minimum [Member] | Alexis Hotel [Member]
Real Estate and Accumulated Depreciation [Line Items]
Life on which Depreciation in Statement of Operations is Computed	3 years
Minimum [Member] | Hotel Solamar [Member]
Real Estate and Accumulated Depreciation [Line Items]
Life on which Depreciation in Statement of Operations is Computed	3 years
Minimum [Member] | Gild Hall [Member]
Real Estate and Accumulated Depreciation [Line Items]
Life on which Depreciation in Statement of Operations is Computed	3 years
Minimum [Member] | Amarano Burbank [Member]
Real Estate and Accumulated Depreciation [Line Items]
Life on which Depreciation in Statement of Operations is Computed	3 years
Minimum [Member] | Sofitel Washington, DC Lafayette Square [Member]
Real Estate and Accumulated Depreciation [Line Items]
Life on which Depreciation in Statement of Operations is Computed	3 years
Minimum [Member] | Hotel Monaco San Francisco [Member]
Real Estate and Accumulated Depreciation [Line Items]
Life on which Depreciation in Statement of Operations is Computed	3 years
Minimum [Member] | Westin Philadelphia [Member]
Real Estate and Accumulated Depreciation [Line Items]
Life on which Depreciation in Statement of Operations is Computed	3 years
Minimum [Member] | Embassy Suites Philadelphia - Center City [Member]
Real Estate and Accumulated Depreciation [Line Items]
Life on which Depreciation in Statement of Operations is Computed	3 years
Minimum [Member] | The Roger [Member]
Real Estate and Accumulated Depreciation [Line Items]
Life on which Depreciation in Statement of Operations is Computed	3 years
Minimum [Member] | Chamberlain West Hollywood [Member]
Real Estate and Accumulated Depreciation [Line Items]
Life on which Depreciation in Statement of Operations is Computed	3 years
Minimum [Member] | Viceroy Santa Monica [Member]
Real Estate and Accumulated Depreciation [Line Items]
Life on which Depreciation in Statement of Operations is Computed	3 years
Minimum [Member] | Villa Florence [Member]
Real Estate and Accumulated Depreciation [Line Items]
Life on which Depreciation in Statement of Operations is Computed	3 years
Minimum [Member] | Park Central Hotel/WestHouse Hotel New York [Member]
Real Estate and Accumulated Depreciation [Line Items]
Life on which Depreciation in Statement of Operations is Computed	3 years
Minimum [Member] | Hotel Palomar, Washington, DC [Member]
Real Estate and Accumulated Depreciation [Line Items]
Life on which Depreciation in Statement of Operations is Computed	3 years
Minimum [Member] | L'Auberge Del Mar [Member]
Real Estate and Accumulated Depreciation [Line Items]
Life on which Depreciation in Statement of Operations is Computed	3 years
Minimum [Member] | The Liberty Hotel [Member]
Real Estate and Accumulated Depreciation [Line Items]
Life on which Depreciation in Statement of Operations is Computed	3 years
Minimum [Member] | Harbor Court Hotel [Member]
Real Estate and Accumulated Depreciation [Line Items]
Life on which Depreciation in Statement of Operations is Computed	3 years
Minimum [Member] | Hotel Triton [Member]
Real Estate and Accumulated Depreciation [Line Items]
Life on which Depreciation in Statement of Operations is Computed	3 years
Minimum [Member] | Serrano Hotel [Member]
Real Estate and Accumulated Depreciation [Line Items]
Life on which Depreciation in Statement of Operations is Computed	3 years
Minimum [Member] | Southernmost Hotel Collection [Member]
Real Estate and Accumulated Depreciation [Line Items]
Life on which Depreciation in Statement of Operations is Computed	3 years
Minimum [Member] | Hotel Vitale [Member]
Real Estate and Accumulated Depreciation [Line Items]
Life on which Depreciation in Statement of Operations is Computed	3 years
Minimum [Member] | The Heathman Hotel [Member]
Real Estate and Accumulated Depreciation [Line Items]
Life on which Depreciation in Statement of Operations is Computed	3 years
Maximum [Member] | Le Montrose Suite Hotel [Member]
Real Estate and Accumulated Depreciation [Line Items]
Life on which Depreciation in Statement of Operations is Computed	40 years
Maximum [Member] | San Diego Paradise Point Resort And Spa [Member]
Real Estate and Accumulated Depreciation [Line Items]
Life on which Depreciation in Statement of Operations is Computed	40 years
Maximum [Member] | Hyatt Boston Harbor [Member]
Real Estate and Accumulated Depreciation [Line Items]
Life on which Depreciation in Statement of Operations is Computed	40 years
Maximum [Member] | Topaz Hotel [Member]
Real Estate and Accumulated Depreciation [Line Items]
Life on which Depreciation in Statement of Operations is Computed	40 years
Maximum [Member] | Hotel Madera [Member]
Real Estate and Accumulated Depreciation [Line Items]
Life on which Depreciation in Statement of Operations is Computed	40 years
Maximum [Member] | Hotel Rouge [Member]
Real Estate and Accumulated Depreciation [Line Items]
Life on which Depreciation in Statement of Operations is Computed	40 years
Maximum [Member] | Hotel Helix [Member]
Real Estate and Accumulated Depreciation [Line Items]
Life on which Depreciation in Statement of Operations is Computed	40 years
Maximum [Member] | The Liaison Capitol Hill [Member]
Real Estate and Accumulated Depreciation [Line Items]
Life on which Depreciation in Statement of Operations is Computed	40 years
Maximum [Member] | Lansdowne Resort [Member]
Real Estate and Accumulated Depreciation [Line Items]
Life on which Depreciation in Statement of Operations is Computed	40 years
Maximum [Member] | Hotel George [Member]
Real Estate and Accumulated Depreciation [Line Items]
Life on which Depreciation in Statement of Operations is Computed	40 years
Maximum [Member] | Indianapolis Marriott Downtown [Member]
Real Estate and Accumulated Depreciation [Line Items]
Life on which Depreciation in Statement of Operations is Computed	40 years
Maximum [Member] | Chaminade Resort And Conference Center [Member]
Real Estate and Accumulated Depreciation [Line Items]
Life on which Depreciation in Statement of Operations is Computed	40 years
Maximum [Member] | Hilton San Diego Gaslamp Quarter [Member]
Real Estate and Accumulated Depreciation [Line Items]
Life on which Depreciation in Statement of Operations is Computed	40 years
Maximum [Member] | The Grafton on Sunset [Member]
Real Estate and Accumulated Depreciation [Line Items]
Life on which Depreciation in Statement of Operations is Computed	40 years
Maximum [Member] | Onyx Hotel [Member]
Real Estate and Accumulated Depreciation [Line Items]
Life on which Depreciation in Statement of Operations is Computed	40 years
Maximum [Member] | Westin Copley Place [Member]
Real Estate and Accumulated Depreciation [Line Items]
Life on which Depreciation in Statement of Operations is Computed	40 years
Maximum [Member] | Hotel Deca [Member]
Real Estate and Accumulated Depreciation [Line Items]
Life on which Depreciation in Statement of Operations is Computed	40 years
Maximum [Member] | The Hilton San Diego Resort and Spa [Member]
Real Estate and Accumulated Depreciation [Line Items]
Life on which Depreciation in Statement of Operations is Computed	40 years
Maximum [Member] | The Donovan [Member]
Real Estate and Accumulated Depreciation [Line Items]
Life on which Depreciation in Statement of Operations is Computed	40 years
Maximum [Member] | Le Parc Suite Hotel [Member]
Real Estate and Accumulated Depreciation [Line Items]
Life on which Depreciation in Statement of Operations is Computed	40 years
Maximum [Member] | Westin Michigan Avenue [Member]
Real Estate and Accumulated Depreciation [Line Items]
Life on which Depreciation in Statement of Operations is Computed	40 years
Maximum [Member] | Hotel Chicago [Member]
Real Estate and Accumulated Depreciation [Line Items]
Life on which Depreciation in Statement of Operations is Computed	40 years
Maximum [Member] | Alexis Hotel [Member]
Real Estate and Accumulated Depreciation [Line Items]
Life on which Depreciation in Statement of Operations is Computed	40 years
Maximum [Member] | Hotel Solamar [Member]
Real Estate and Accumulated Depreciation [Line Items]
Life on which Depreciation in Statement of Operations is Computed	40 years
Maximum [Member] | Gild Hall [Member]
Real Estate and Accumulated Depreciation [Line Items]
Life on which Depreciation in Statement of Operations is Computed	40 years
Maximum [Member] | Amarano Burbank [Member]
Real Estate and Accumulated Depreciation [Line Items]
Life on which Depreciation in Statement of Operations is Computed	40 years
Maximum [Member] | Sofitel Washington, DC Lafayette Square [Member]
Real Estate and Accumulated Depreciation [Line Items]
Life on which Depreciation in Statement of Operations is Computed	40 years
Maximum [Member] | Hotel Monaco San Francisco [Member]
Real Estate and Accumulated Depreciation [Line Items]
Life on which Depreciation in Statement of Operations is Computed	40 years
Maximum [Member] | Westin Philadelphia [Member]
Real Estate and Accumulated Depreciation [Line Items]
Life on which Depreciation in Statement of Operations is Computed	40 years
Maximum [Member] | Embassy Suites Philadelphia - Center City [Member]
Real Estate and Accumulated Depreciation [Line Items]
Life on which Depreciation in Statement of Operations is Computed	40 years
Maximum [Member] | The Roger [Member]
Real Estate and Accumulated Depreciation [Line Items]
Life on which Depreciation in Statement of Operations is Computed	40 years
Maximum [Member] | Chamberlain West Hollywood [Member]
Real Estate and Accumulated Depreciation [Line Items]
Life on which Depreciation in Statement of Operations is Computed	40 years
Maximum [Member] | Viceroy Santa Monica [Member]
Real Estate and Accumulated Depreciation [Line Items]
Life on which Depreciation in Statement of Operations is Computed	40 years
Maximum [Member] | Villa Florence [Member]
Real Estate and Accumulated Depreciation [Line Items]
Life on which Depreciation in Statement of Operations is Computed	40 years
Maximum [Member] | Park Central Hotel/WestHouse Hotel New York [Member]
Real Estate and Accumulated Depreciation [Line Items]
Life on which Depreciation in Statement of Operations is Computed	40 years
Maximum [Member] | Hotel Palomar, Washington, DC [Member]
Real Estate and Accumulated Depreciation [Line Items]
Life on which Depreciation in Statement of Operations is Computed	40 years
Maximum [Member] | L'Auberge Del Mar [Member]
Real Estate and Accumulated Depreciation [Line Items]
Life on which Depreciation in Statement of Operations is Computed	40 years
Maximum [Member] | The Liberty Hotel [Member]
Real Estate and Accumulated Depreciation [Line Items]
Life on which Depreciation in Statement of Operations is Computed	40 years
Maximum [Member] | Harbor Court Hotel [Member]
Real Estate and Accumulated Depreciation [Line Items]
Life on which Depreciation in Statement of Operations is Computed	40 years
Maximum [Member] | Hotel Triton [Member]
Real Estate and Accumulated Depreciation [Line Items]
Life on which Depreciation in Statement of Operations is Computed	40 years
Maximum [Member] | Serrano Hotel [Member]
Real Estate and Accumulated Depreciation [Line Items]
Life on which Depreciation in Statement of Operations is Computed	40 years
Maximum [Member] | Southernmost Hotel Collection [Member]
Real Estate and Accumulated Depreciation [Line Items]
Life on which Depreciation in Statement of Operations is Computed	40 years
Maximum [Member] | Hotel Vitale [Member]
Real Estate and Accumulated Depreciation [Line Items]
Life on which Depreciation in Statement of Operations is Computed	40 years
Maximum [Member] | The Heathman Hotel [Member]
Real Estate and Accumulated Depreciation [Line Items]
Life on which Depreciation in Statement of Operations is Computed	40 years
[1]	Costs of disposals, impairments and reclassifications to property under development are reflected as reductions to cost capitalized subsequent to acquisition. Reclassifications from property under development are reflected as increases to cost capitalized subsequent to acquisition.

Reconciliation_of_Real_Estate_1

Reconciliation of Real Estate and Accumulated Depreciation Reconciliation of Real Estate and Accumulated Depreciation (Details) (USD $)	12 Months Ended
In Thousands, unless otherwise specified	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Reconciliation of Real Estate [Abstract]
Beginning Balance	$4,351,073	$3,885,289	$3,420,610
Acquisition of hotel properties	194,198	349,802	389,330
Improvements and additions to hotel properties	66,706	108,034	54,672
Reclassification from property under develoment	14,163	16,317	20,677
Disposal of assets	-1,220	-8,369
Disposal of hotels	-130,846
Ending Balance	4,494,074	4,351,073	3,885,289
Reconciliation of Accumulated Depreciation [Abstract]
Beginning Balance	967,885	832,245	708,436
Depreciation	154,585	143,560	123,809
Disposal of assets	-822	-7,920
Disposals of hotels	-56,130
Ending Balance	$1,065,518	$967,885	$832,245