Strategic Hotels & Resorts (BEE+C) 10-Q 4 May 15 2015 Q1 Quarterly report Financial data

Document_And_Entity_Informatio

Document And Entity Information	3 Months Ended
	Mar. 31, 2015	1-May-15
Entity Listings [Line Items]
Entity Well-known Seasoned Issuer	Yes
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Registrant Name	STRATEGIC HOTELS & RESORTS, INC
Entity Central Index Key	1057436
Current Fiscal Year End Date	-19
Entity Filer Category	Large Accelerated Filer
Document Type	10-Q
Document Period End Date	31-Mar-15
Document Fiscal Year Focus	2015
Document Fiscal Period Focus	Q1
Amendment Flag	FALSE
Entity Common Stock, Shares Outstanding		275,313,504

Condensed_Consolidated_Balance

Condensed Consolidated Balance Sheets (USD $)	Mar. 31, 2015	Dec. 31, 2014
In Thousands, unless otherwise specified
Assets
Investment in hotel properties, net	$3,175,420	$2,828,400
Goodwill	38,128	38,128
Intangible assets, net of accumulated amortization	93,874	94,324
Investment in unconsolidated affiliates	22,850	22,850
Cash and cash equivalents	240,156	442,613
Restricted cash and cash equivalents	89,985	81,510
Accounts receivable, net of allowance for doubtful accounts	68,141	51,382
Deferred financing costs, net of accumulated amortization	10,559	11,440
Deferred Tax Assets, Net of Valuation Allowance	1,954	1,729
Prepaid expenses and other assets	49,944	46,781
Total assets	3,791,011	3,619,157
Liabilities, Noncontrolling Interests and Equity
Mortgages payable, net of discount	1,855,014	1,705,778
Accounts payable and accrued expenses	251,412	224,505
Preferred stock redemption liability	0	90,384
Dividends Payable	0	104
Deferred tax liabilities	46,137	46,137
Total liabilities	2,152,563	2,066,908
Commitments and contingencies (see note 13)
Noncontrolling interests in SHR’s operating partnership	9,865	10,500
Equity:
Common stock ($0.01 par value per share; 350,000,000 shares of common stock authorized; 275,313,504 and 267,435,799 shares of common stock issued and outstanding)	2,753	2,674
Additional paid-in capital	2,449,084	2,348,284
Accumulated deficit	-874,658	-890,469
Accumulated other comprehensive loss	-10,054	-13,032
Total SHR’s shareholders’ equity	1,567,125	1,447,457
Noncontrolling interests in consolidated affiliates	61,458	94,292
Total equity	1,628,583	1,541,749
Total liabilities, noncontrolling interests and equity	3,791,011	3,619,157
J W Marriott Essex House [Member]
Assets
Investment in hotel properties, net	334,302	336,243
Cash and cash equivalents	5,165	62,064
Restricted cash and cash equivalents	4,778	3,746
Accounts receivable, net of allowance for doubtful accounts	4,564	4,920
Deferred financing costs, net of accumulated amortization	3,587	3,899
Prepaid expenses and other assets	12,784	14,603
Liabilities, Noncontrolling Interests and Equity
Mortgages payable, net of discount	225,000	225,000
Accounts payable and accrued expenses	$16,567	$10,228

Condensed_Consolidated_Balance1

Condensed Consolidated Balance Sheets (Parenthetical) (USD $)	Mar. 31, 2015	Dec. 31, 2014
In Thousands, except Share data, unless otherwise specified
Intangible assets, accumulated amortization	$9,404	$7,288
Accounts receivable, allowance for doubtful accounts	832	492
Deferred financing costs, accumulated amortization	8,709	7,814
Common shares, par value	$0.01	$0.01
Common shares, shares authorized	350,000,000	350,000,000
Common shares, shares issued	275,313,504	267,435,799
Common shares, shares outstanding	275,313,504	267,435,799
J W Marriott Essex House [Member]
Accounts receivable, allowance for doubtful accounts	50	49
Deferred financing costs, accumulated amortization	$326	$0

Condensed_Consolidated_Stateme

Condensed Consolidated Statements Of Operations (USD $)	3 Months Ended
In Thousands, except Per Share data, unless otherwise specified	Mar. 31, 2015	Mar. 31, 2014
Revenues:
Rooms	$162,864	$103,100
Food and beverage	123,469	70,017
Other hotel operating revenue	37,907	20,239
Lease revenue	1,031	1,299
Total revenues	325,271	194,655
Operating Costs and Expenses:
Rooms	47,865	33,707
Food and beverage	83,074	54,603
Other departmental expenses	84,724	53,579
Management fees	11,439	5,778
Other hotel expenses	15,613	15,678
Lease expense	1,034	1,258
Depreciation and amortization	37,664	22,205
Corporate expenses	8,268	7,193
Total operating costs and expenses	289,681	194,001
Operating income	35,590	654
Interest expense	-22,785	-18,274
Interest income	101	27
Equity in earnings of unconsolidated affiliates	0	4,445
Foreign currency exchange (loss) gain	-116	2
Gain on consolidation of affiliates	0	78,117
Other (expenses) income, net	-157	423
Income before income taxes and discontinued operations	12,633	65,394
Income tax expense	-219	-39
Income from continuing operations	12,414	65,355
Income from discontinued operations, net of tax	0	158,435
Net Income	12,414	223,790
Net income attributable to the noncontrolling interests in SHR’s operating partnership	-37	-849
Net loss attributable to the noncontrolling interests in consolidated affiliates	3,434	4,041
Net Income Attributable to SHR	15,811	226,982
Preferred Stock Dividends and Other Adjustments	0	-9,824
Net Income (Loss) Available to Common Stockholders, Basic	15,811	217,158
Amounts Attributable to SHR:
Income from continuing operations	15,811	69,155
Income from discontinued operations	0	157,827
Net Income Attributable to SHR	$15,811	$226,982
Basic Income Per Common Share:
Income from continuing operations attributable to SHR common shareholders	$0.06	$0.29
Income from discontinued operations attributable to SHR common shareholders	$0	$0.76
Net income attributable to SHR common shareholders	$0.06	$1.05
Weighted average shares of common stock outstanding	273,831	206,983
Diluted Income Per Common Share:
Income from continuing operations attributable to SHR common shareholders	$0.04	$0.25
Income from discontinued operations attributable to SHR common shareholders	$0	$0.72
Net income attributable to SHR common shareholders	$0.04	$0.97
Weighted average shares of common stock outstanding	282,792	219,368

Condensed_Consolidated_Stateme1

Condensed Consolidated Statements Of Comprehensive Income (Loss) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2015	Mar. 31, 2014
Net Income	$12,414	$223,790
Other comprehensive income:
Foreign currency exchange translation adjustments	-135	18,784
Reclassification of amounts from accumulated other comprehensive loss to net income and effective portion of mark to market adjustments related to cash flow hedges	3,113	333
Other comprehensive income	2,978	19,117
Comprehensive Income	15,392	242,907
Comprehensive income attributable to the noncontrolling interests in SHR’s operating partnership	-45	-922
Comprehensive loss attributable to the noncontrolling interests in consolidated affiliates	3,434	4,041
Comprehensive Income Attributable to SHR	$18,781	$246,026

Condensed_Consolidated_Stateme2

Condensed Consolidated Statements Of Cash Flows (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2015	Mar. 31, 2014
Operating Activities:
Net income	$12,414	$223,790
Adjustments to reconcile net income to net cash provided by (used in) operating activities (including discontinued operations):
Deferred income tax (benefit) expense	-225	545
Depreciation and amortization	37,664	23,480
Amortization of deferred financing and other costs	5,165	1,966
Loss on early extinguishment of debt	0	272
Equity in earnings of unconsolidated affiliates	0	-4,445
Share-based compensation	1,884	1,458
Gain on consolidation of affiliate	0	-78,117
Gain on disposal of assets, net of tax	0	-155,825
Income tax on sale of assets	0	-20,451
Foreign currency exchange loss (gain)	116	-34
Recognition of deferred gains	-44	-53
Mark to market of derivative financial instruments	116	-2,270
Increase in accounts receivable	-17,168	-4,656
Increase in prepaid expenses and other assets	-238	-465
Increase (decrease) in accounts payable and accrued expenses	11,623	-1,143
Net cash provided by (used in) operating activities	51,307	-15,948
Investing Activities:
Acquisition of hotel and other investments	-110,319	-90,616
Proceeds from sales of assets	0	411,503
Cash received from unconsolidated affiliates	0	2,221
Unrestricted cash sold	0	-15,634
Unrestricted cash acquired	7,550	8,746
Capital expenditures	-20,507	-20,926
(Increase) decrease in restricted cash and cash equivalents	-6,952	5,000
Net cash (used in) provided by investing activities	-130,228	300,294
Financing Activities:
Payments of Stock Issuance Costs	-457	0
Payments for Repurchase of Redeemable Preferred Stock	-90,391	-57
Borrowings under bank credit facility	0	30,000
Payments on bank credit facility	0	-110,000
Payments on mortgages	-365	-117,697
Payments of Financing Costs	-14	0
Contributions from holders of noncontrolling interests in consolidated affiliates	0	2,450
Distributions to preferred shareholders	-104	-3,838
Payments of Ordinary Dividends, Noncontrolling Interest	-29,400	0
Other financing activities	-2,609	-989
Net cash used in financing activities	-123,340	-200,131
Effect of exchange rate changes on cash	-196	119
Net change in cash and cash equivalents	-202,457	84,334
Change in cash of assets held for sale	0	8,903
Cash and cash equivalents, beginning of period	442,613	73,655
Cash and cash equivalents, end of period	240,156	166,892
Supplemental Schedule of Non-Cash Investing and Financing Activities:
Fair value of shares of SHR common stock issued for acquisition of hotel property (see note 3)	101,396	0
Assumption of mortgage loans - hotel investment acquisition (see note 3)	148,951	114,507
Gain on mark to market of derivative instruments (see note 10)	0	-2,328
Preferred stock redemption accrual	0	103,704
Dividends Payable	0	2,277
Increase (decrease) in capital expenditures recorded as liabilities	4,415	-392
Cash Paid For:
Interest, net of interest capitalized	16,377	20,119
Income taxes, net of refunds	$362	$20,956

General

General	3 Months Ended
	Mar. 31, 2015
Organization, Consolidation and Presentation of Financial Statements [Abstract]
General	GENERAL
	Strategic Hotels & Resorts, Inc. (SHR and, together with its subsidiaries, the Company) was incorporated in January 2004 to acquire and asset-manage upper upscale and luxury hotels that are subject to long-term management contracts. As of March 31, 2015, the Company’s portfolio included 18 full-service hotel interests located in urban and resort markets in the United States and Hamburg, Germany. The Company considers each hotel to be a separate operating segment because the Company allocates resources and assesses performance on an individual hotel basis. The Company aggregates the individual hotels into one reportable business segment, hotel ownership.
	SHR operates as a self-administered and self-managed real estate investment trust (REIT), which means that it is managed by its board of directors and executive officers. A REIT is a legal entity that holds real estate interests and, through payments of dividends to stockholders, is permitted to reduce or avoid federal income taxes at the corporate level. For SHR to continue to qualify as a REIT, it cannot operate hotels; instead it employs internationally known hotel management companies to operate its hotels under management contracts. SHR conducts its operations through its direct and indirect subsidiaries, including its operating partnership, Strategic Hotel Funding, L.L.C. (SH Funding), which currently holds substantially all of the Company’s assets. SHR is the sole managing member of SH Funding and holds approximately 99.7% of its membership units as of March 31, 2015. SHR manages all business aspects of SH Funding, including the sale and purchase of hotels, the investment in these hotels and the financing of SH Funding and its assets.
	As of March 31, 2015, SH Funding owned interests in or leased the following 18 hotels:
	1. Fairmont Chicago		10. InterContinental Miami
	2. Fairmont Scottsdale Princess (a)		11. JW Marriott Essex House Hotel (d)
	3. Four Seasons Jackson Hole		12. Loews Santa Monica Beach Hotel
	4. Four Seasons Resort Scottsdale at Troon North		13. Marriott Hamburg (e)
	5. Four Seasons Silicon Valley		14. Marriott Lincolnshire Resort (f)
	6. Four Seasons Washington, D.C.		15. Montage Laguna Beach
	7. Hotel del Coronado (b)		16. Ritz-Carlton Half Moon Bay
	8. Hyatt Regency La Jolla (c)		17. Ritz-Carlton Laguna Niguel
	9. InterContinental Chicago		18. Westin St. Francis
	(a)	This property is owned by an affiliate that was partially-owned by the Company and accounted for as an unconsolidated affiliate prior to March 31, 2014 (see note 6). On March 31, 2014, the Company acquired the remaining ownership interests in the affiliate and began accounting for it as a consolidated affiliate (see note 3). One land parcel at this property is subject to a ground lease arrangement.
	(b)	This property is owned by an affiliate that was partially-owned by the Company and accounted for as an unconsolidated affiliate prior to June 11, 2014 (see note 6). On June 11, 2014, the Company acquired the remaining ownership interests in the affiliate and began accounting for it as a consolidated affiliate (see note 3).
	(c)	This property is owned by a consolidated affiliate in which the Company holds an interest (see notes 2 and 16).
	(d)	This property is owned by a consolidated affiliate in which the Company holds an interest (see notes 2 and 5).
	(e)	The Company has a leasehold interest in this property.
	(f)	This property is subject to a ground lease arrangement.

Summary_Of_Significant_Account

Summary Of Significant Accounting Policies	3 Months Ended
	Mar. 31, 2015
Accounting Policies [Abstract]
Summary Of Significant Accounting Policies	SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
	Basis of Presentation:
	The accompanying unaudited condensed consolidated financial statements and related notes have been prepared in accordance with accounting principles generally accepted in the United States of America (GAAP) and in conformity with the rules and regulations of the SEC applicable to interim financial information. As such, certain information and footnote disclosures normally included in complete annual financial statements prepared in accordance with GAAP have been omitted in accordance with the rules and regulations of the SEC. In the opinion of management, the accompanying unaudited condensed consolidated financial statements contain all adjustments, consisting of normal recurring accruals, necessary to present fairly the financial position of the Company and its results of operations and cash flows for the interim periods presented. The Company believes the disclosures made are adequate to prevent the information presented from being misleading. However, the unaudited condensed consolidated financial statements should be read in conjunction with the Company’s audited consolidated financial statements included in SHR’s annual report on Form 10-K for the year ended December 31, 2014.
	Basis of Consolidation:
	The accompanying unaudited condensed consolidated financial statements include the accounts of SHR, its subsidiaries and other entities in which the Company has a controlling interest. If SH Funding determines that it is the holder of a variable interest in a variable interest entity (VIE), and it is the primary beneficiary, then SH Funding will consolidate the entity. At March 31, 2015, SH Funding consolidated one VIE, the entity that owns the JW Marriott Essex House Hotel (see note 5). For entities that are not considered VIEs, SH Funding consolidates those entities it controls. At March 31, 2015, SH Funding owned a 53.5% controlling interest in the entity that owns the Hyatt Regency La Jolla hotel, which is consolidated in the accompanying condensed consolidated financial statements. It accounts for those entities over which it has a significant influence but does not control using the equity method of accounting. At March 31, 2015, SH Funding owned interests in the Four Seasons Residence Club Punta Mita (Four Seasons RCPM) and the Lot H5 Venture (see note 6), which are unconsolidated affiliates in the accompanying condensed consolidated financial statements that are accounted for using the equity method of accounting.
	All intercompany transactions and balances have been eliminated in consolidation.
	Use of Estimates:
	The preparation of condensed consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the condensed consolidated financial statements and the reported amounts of revenues and expenses during the reporting periods. Actual results could differ from those estimates.
	Restricted Cash and Cash Equivalents:
	At March 31, 2015 and December 31, 2014, restricted cash and cash equivalents included $44,868,000 and $37,486,000, respectively, that will be used for property and equipment replacement in accordance with hotel management agreements. At March 31, 2015 and December 31, 2014, restricted cash and cash equivalents also included reserves of $45,117,000 and $44,024,000, respectively, required by loan and other agreements.
	Income Taxes:
	SHR has elected to be taxed as a REIT under Sections 856 through 860 of the Internal Revenue Code of 1986, as amended (the Tax Code). As a REIT, SHR generally will not be subject to U.S. federal income tax if it distributes 100% of its annual taxable income to its shareholders and complies with certain other requirements. As a REIT, SHR is subject to a number of organizational and operational requirements. If it fails to qualify as a REIT in any taxable year, SHR will be subject to U.S. federal income tax (including any applicable alternative minimum tax) on its taxable income at regular corporate tax rates. Even if it qualifies for taxation as a REIT, it may be subject to foreign, state and local income taxes and to U.S. federal income tax and excise tax on its undistributed income. In addition, taxable income from SHR’s taxable REIT subsidiaries is subject to federal, foreign, state and local income taxes. Also, the foreign countries where the Company has operations do not recognize REITs under their respective tax laws. Accordingly, the Company is subject to tax in those jurisdictions.
	Deferred tax assets and liabilities are established for net operating loss carryforwards and temporary differences between the financial reporting basis and the tax basis of assets and liabilities at the enacted tax rates expected to be in effect when the net operating loss carryforwards are utilized and when the temporary differences reverse. The Company evaluates uncertain tax positions in accordance with applicable accounting guidance. A valuation allowance for deferred tax assets is provided if the Company believes all or some portion of the deferred tax asset may not be realized. Any increase or decrease in the valuation allowance that results from a change in circumstances that causes a change in the estimated realizability of the related deferred tax asset is included in earnings.
	For the three months ended March 31, 2015 and 2014, income tax expense is summarized as follows (in thousands):
		Three Months Ended March 31,
		2015				2014
	Current tax expense	$	(444	)		$	(219	)
	Deferred tax benefit	225				180
	Total income tax expense	$	(219	)		$	(39	)
	Per Share Data:
	The Company uses the two-class method to calculate per share data for common stock and participating securities. Under the two-class method, net earnings are allocated to common stock and participating securities as if all of the net earnings for the period had been distributed. Unvested share-based compensation awards that contain non-forfeitable rights to dividends or dividend equivalents are participating securities and, therefore, are included in computing per share data pursuant to the two-class method. The Company's restricted stock units (RSUs) are considered participating securities because they contain non-forfeitable rights to dividend equivalents. To the extent the Company has undistributed earnings, it will follow the two-class method of computing per share data.
	Basic income per common share is computed by dividing the net income attributable to SHR common shareholders by the weighted average shares of common stock outstanding during each period. Diluted income per common share is computed by dividing the net income attributable to SHR common shareholders as adjusted for the impact of dilutive securities, if any, by the weighted average shares of common stock outstanding plus potentially dilutive securities. Dilutive securities may include RSUs, performance-based RSUs, and noncontrolling interests that have an option to exchange their interests to shares of SHR common stock. No effect is shown for securities that are anti-dilutive. Potentially dilutive shares are determined using the more dilutive of either the two-class method or the treasury stock method. The following table sets forth the components of the calculation of net income attributable to SHR common shareholders used for determining per share amounts for the three months ended March 31, 2015 and 2014 (in thousands):
		Three Months Ended March 31,
		2015				2014
	Numerator - Basic:
	Income from continuing operations attributable to SHR	$	15,811			$	69,155
	Preferred shareholder dividends	—				(6,115		)
	Preferred stock redemption(a)	—				(3,709		)
	Undistributed earnings allocated to participating securities - basic	(37		)		(695		)
	Income from continuing operations attributable to SHR common shareholders - basic	15,774				58,636
	Discontinued operations attributable to SHR	—				157,827
	Net income attributable to SHR common shareholders - basic	$	15,774			$	216,463
	Numerator - Diluted:
	Income from continuing operations attributable to SHR common shareholders - basic	$	15,774			$	58,636
	Undistributed earnings allocated to participating securities - basic	37				695
	Undistributed earnings allocated to participating securities - diluted	(29		)		(647		)
	Adjustment for noncontrolling interests in consolidated affiliates (see note 5)	(3,281		)		(3,131		)
	Income from continuing operations attributable to SHR common shareholders - diluted	12,501				55,553
	Discontinued operations attributable to SHR	—				157,827
	Net income attributable to SHR common shareholders - diluted	$	12,501			$	213,380
	Denominator:
	Weighted average shares of common stock – basic (b)	273,831				206,983
	Effect of dilutive securities:
	Noncontrolling interests in consolidated affiliates (see note 5)	6,958				10,087
	Performance-based RSUs	2,003				2,298
	Weighted average shares of common stock - diluted	282,792				219,368
	(a) In March 2014, SHR publicly announced its intention to redeem all of the outstanding shares of its 8.50% Series A Cumulative Redeemable Preferred Stock (Series A Preferred Stock) on April 3, 2014. For purposes of calculating per share amounts for the three months ended March 31, 2014, the difference between the fair value of the Series A Preferred Stock and the carrying amount of the Series A Preferred Stock is an adjustment to net income attributable to SHR common shareholders.
	(b) Includes RSUs and performance-based RSUs of 1,115 and 1,302 at March 31, 2015 and 2014, respectively, that have vested but have not yet been issued to shares of common stock.
	Securities that could potentially dilute basic income per share in the future that are not included in the computation of diluted income per share because they are anti-dilutive as of March 31, 2015 and 2014 are as follows (in thousands):
		Computation For Three Months Ended March 31,
		2015			2014
	Noncontrolling interests in SHR's operating partnership	794			797
	RSUs	—			658
	Accumulated Other Comprehensive Loss:
	The Company’s accumulated other comprehensive loss (OCL) results from activity related to certain derivative financial instruments and unrealized gains or losses on foreign currency translation adjustments (CTA). The following tables provide the changes in accumulated OCL for the three-month periods ended March 31, 2015 and 2014 (in thousands):
		Derivative Activity				CTA			Accumulated OCL
	Balance at January 1, 2015	$	(10,898	)		$	(2,134	)	$	(13,032	)
	Other comprehensive loss before reclassifications	—				(135		)	(135		)
	Amounts reclassified from accumulated OCL	3,113				—			3,113
	Net other comprehensive income (loss)	3,113				(135		)	2,978
	Balance at March 31, 2015	$	(7,785	)		$	(2,269	)	$	(10,054	)
		Derivative Activity				CTA			Accumulated OCL
	Balance at January 1, 2014	$	(20,616	)		$	(20,829	)	$	(41,445	)
	Other comprehensive loss before reclassifications	(200		)		(111		)	(311		)
Amounts reclassified from accumulated OCL	533				18,895			19,428
Net other comprehensive income	333				18,784			19,117
Balance at March 31, 2014	$	(20,283	)		$	(2,045	)	$	(22,328	)
The reclassifications out of accumulated OCL for the three months ended March 31, 2015 and 2014 are as follows (in thousands):
		Amounts Reclassified from Accumulated OCL
Details about Accumulated OCL Components		2015				2014			Statement of Operations Line Item
Activity related to cash flow hedges		$	3,113			$	533		Interest expense
Activity related to CTA		$	—			$	18,895		Income from discontinued operations, net of tax
New Accounting Guidance:
In April 2015, the Financial Accounting Standards Board (FASB) issued new guidance which changes the presentation of debt issuance costs in financial statements. Under the new guidance, an entity presents debt issuance costs in the balance sheet as a direct deduction from the related debt liability rather than as an asset. Amortization of the debt issuance costs is reported as interest expense. The new guidance is effective on January 1, 2016, with early adoption permitted for any annual or interim period for which an entity's financial statements have not yet been made available for issuance. The new guidance must be applied retrospectively to all prior periods presented. The Company expects to adopt the new guidance on January 1, 2016 and will apply the presentation guidance to all periods presented in its consolidated financial statements.
In August 2014, the FASB issued new accounting guidance which requires management to perform interim and annual assessments of an entity’s ability to continue as a going concern within one year of the date the financial statements are issued. The standard provides guidance on determining when and how to disclose going concern uncertainties in the financial statements. Certain disclosures will be required if conditions give rise to substantial doubt about an entity’s ability to continue as a going concern. This guidance is effective on January 1, 2017. The Company will apply the guidance prospectively and does not anticipate the guidance will have a material impact on its consolidated financial statements or disclosures.
In May 2014, the FASB issued new guidance 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 guidance will replace most existing revenue recognition guidance in GAAP when it becomes effective. The new guidance is effective on January 1, 2017, subject to a tentative one-year deferral proposed by the FASB. Early adoption is currently not permitted but is subject to tentative changes proposed by the FASB. The guidance permits the use of either the retrospective or cumulative effect transition method. The Company is evaluating the effect that the guidance 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 guidance on its consolidated financial statements.
In April 2014, the FASB issued new guidance which amends the requirements for reporting discontinued operations. Under the guidance, only disposals that represent a strategic shift that has (or will have) a major effect on the entity's results of operations would qualify as discontinued operations. In addition, the guidance expands the disclosure requirements for disposals that meet the definition of a discontinued operation and requires entities to disclose information about disposals of individually significant components. The provisions are effective in the first quarter of 2015, with early adoption permitted for any annual or interim period for which an entity's financial statements have not yet been made available for issuance. The Company adopted the guidance on January 1, 2015 and will apply the guidance prospectively to disposal activity occurring after January 1, 2015.

Investment_In_Hotel_Properties

Investment In Hotel Properties, Net	3 Months Ended
	Mar. 31, 2015
Property, Plant and Equipment [Abstract]
Investment In Hotel Properties, Net	INVESTMENT IN HOTEL PROPERTIES, NET
	The following summarizes the Company’s investment in hotel properties as of March 31, 2015 and December 31, 2014, excluding the leasehold interest in the Marriott Hamburg hotel and unconsolidated affiliates (in thousands):
			March 31,				December 31,
			2015				2014
	Land		$	996,667			$	858,670
	Leasehold interest		11,633				11,633
	Buildings		2,142,724				1,964,252
	Building and leasehold improvements		109,845				106,303
	Site improvements		63,204				59,038
	Furniture, fixtures and equipment		664,838				611,450
	Improvements in progress		12,605				21,552
	Total investment in hotel properties		4,001,516				3,632,898
	Less accumulated depreciation		(826,096		)		(804,498		)
	Total investment in hotel properties, net		$	3,175,420			$	2,828,400
	Consolidated hotel properties		17				16
	Hotel Acquisitions:
	The Company's hotel acquisitions, as more fully described below, are consistent with the Company's strategy of focusing on the acquisition of upper upscale and luxury hotels in select urban and resort markets with strong growth characteristics and high barriers to entry where it believes there are opportunities to add value. All of the acquisitions were accounted for under the provisions of business combination guidance. The assets and liabilities of the hotels were consolidated in the Company's condensed consolidated balance sheets at the acquisition-date fair values and the results of operations were consolidated in the Company's condensed consolidated statements of operations from the date of acquisition.
	Montage Laguna Beach
	On January 29, 2015, the Company acquired the Montage Laguna Beach resort. The acquisition was funded through the issuance of 7,347,539 shares of SHR's common stock to an affiliate of the seller, the assumption of a $150,000,000 existing      mortgage loan encumbering the property, and a cash payment of approximately $110,319,000, which includes prorations and closing costs. For the three months ended March 31, 2015 and 2014, the Company incurred acquisition costs related to the Montage Laguna Beach resort of $667,000 and $0, respectively, that are included in corporate expenses on the condensed consolidated statements of operations.
	Four Seasons Resort Scottsdale at Troon North
	On December 9, 2014, the Company acquired the Four Seasons Resort Scottsdale at Troon North for a cash payment of approximately $140,920,000, which includes net working capital. For the three months ended March 31, 2015 and 2014, the Company incurred acquisition costs related to the Four Seasons Resort Scottsdale at Troon North of $53,000 and $0, respectively, that are included in corporate expenses on the condensed consolidated statements of operations.
	Hotel del Coronado
	On June 11, 2014, the Company closed on the acquisition of the 63.6% equity interests in the entity that owns the Hotel del Coronado, BSK Del Partner, L.P. (the Hotel del Coronado Venture), that were previously owned by certain affiliates of Blackstone Real Estate Partners VI L.P. (Blackstone) (see note 6) for a cash payment of $210,000,000. Additionally, the Company became fully obligated under the entire $475,000,000 mortgage and mezzanine loans outstanding. Effective as of the closing of the transaction, the Company consolidated the Hotel del Coronado Venture.
	As part of the consolidation of the Hotel del Coronado Venture, the Company recorded $65,547,000 as a gain on the consolidation of affiliates during the second quarter 2014 in the condensed consolidated statement of operations, which represented the difference between the $120,000,000 fair value of the Company's preexisting equity interest in the Hotel del Coronado Venture and its carrying value. The fair value of the preexisting equity interest in the Hotel del Coronado Venture was determined based on an agreed upon value between the Company and a third party, both of which are market participants, which the Company considered to be a value determined in an orderly transaction in the principal market. For the three months ended March 31, 2015 and 2014, the Company incurred no acquisition costs related to the Hotel del Coronado Venture.
	Fairmont Scottsdale Princess Hotel
	On March 31, 2014, the Company closed on the acquisition of the 50.0% equity interests in the entities that own the Fairmont Scottsdale Princess hotel, Walton/SHR FPH Holdings, L.L.C. and FMT Scottsdale Holdings, L.L.C. (the Fairmont Scottsdale Princess Venture), that were previously owned by an affiliate of Walton Street Capital, L.L.C. (Walton Street) (see note 6) for a cash payment of $90,616,000. Additionally, the Company became fully obligated under the entire $117,000,000 mortgage loan previously outstanding (see note 16). Effective as of the closing of the transaction, the Company consolidated the Fairmont Scottsdale Princess Venture.
	As part of the consolidation of the Fairmont Scottsdale Princess Venture, the Company recorded $78,191,000 as a gain on the consolidation of affiliates in the condensed consolidated statement of operations for the three months ended March 31, 2014, which represented the difference between the $107,853,000 fair value of the Company's preexisting equity interest in the Fairmont Scottsdale Princess Venture, which included a preferred return to the Company, and its carrying value. The fair value of the preexisting equity interest in the Fairmont Scottsdale Princess Venture was determined based on an agreed upon value between the Company and a third party, both of which are market participants, which the Company considered to be a value determined in an orderly transaction in the principal market. For the three months ended March 31, 2015 and 2014, the Company incurred acquisition costs related to the the Fairmont Scottsdale Princess Venture of $0 and $74,000, respectively, which were recorded as an offset to gain on consolidation of affiliates on the condensed consolidated statements of operations.
	Purchase Price Allocations of Hotel Acquisitions
	The amounts recognized as assets acquired and liabilities assumed for each hotel acquisition are based on the acquisition-date fair values. The allocation of the fair value of recent acquisitions are preliminary and are subject to a measurement period that will allow the Company to obtain the information necessary to properly identify and measure the assets acquired and liabilities assumed. The final allocation of the fair values may result in adjustments to the recognized amounts of assets and liabilities, which could be significant. The Company expects to finalize the preliminary allocations as soon as possible, but no later than one year from the respective acquisition dates.
	The following is a summary of the allocation of the fair values for the Company's acquisitions (in thousands):
		Preliminary								Final
		Montage Laguna Beach				Four Seasons Resort Scottsdale at Troon North				Hotel del Coronado Venture		Fairmont Scottsdale Princess Venture
	Land	$	138,396			$	37,402			$	236,497	$	26,732
	Buildings	175,723				75,957				404,851		213,289
	Site improvements	4,166				7,175				6,677		16,037
	Furniture, fixtures and equipment	40,830				18,920				53,943		40,341
	Improvements in progress	—				—				1,749		151
	Intangible assets	1,666				554				87,710		9,859
	Below market debt discount	1,049				—				—		2,493
	Net working capital	(115		)		912				13,573		6,568
	Total fair value allocated	$	361,715			$	140,920			$	805,000	$	315,470
	The allocation of fair value attributable to intangible assets acquired as part of these acquisitions include (in thousands):
		Amounts				Weighted-Average Amortization Period
	Intangible assets subject to amortization:
	Advanced bookings	$	9,045			1 year, 5 months
	Memberships value	5,973				30 years
	Below market ground lease	7,656				95 years, 9 months
	Below market hotel management agreement	18,822				9 years, 2 months
		41,496
	Intangible assets not subject to amortization:
	Trade name	58,293
	Total intangible assets acquired	$	99,789
	Pro Forma and Other Financial Information Related to Acquisition of Hotel
	The following pro forma and other financial information is provided for the acquisition of the Fairmont Scottsdale Princess Venture that was completed during the three months ended March 31, 2014, which had a material effect on the Company's results of operations.
	The impact to revenues and net income attributable to SHR common shareholders from this acquisition for the three months ended March 31, 2015 is as follows (in thousands):
			Three Months Ended March 31, 2015
	Increase in revenues		$	42,220
	Increase in net income attributable to SHR common shareholders		$	11,147
	There was no impact to revenues and net income attributable to SHR common shareholders from the acquisition date of the Fairmont Scottsdale Princess Venture during the three months ended March 31, 2014 because the transaction closed on the last day of the reporting period.
	The following unaudited pro forma information is provided for informational purposes only and does not purport to represent what the Company's results of operations would have been had it completed the acquisition on January 1, 2013, nor is it necessarily indicative of the results that may be expected in future periods. For purposes of the pro forma financial information, the $78,117,000 gain on the consolidation of affiliate recognized as a result of the acquisition of the Fairmont Scottsdale Princess Venture is assumed to have been recognized on January 1, 2013.
	On an unaudited pro forma basis, revenues, net income attributable to SHR common shareholders and basic and diluted income attributable to SHR common shareholders per share for the three months ended March 31, 2014 are as follows as if this acquisition had occurred on January 1, 2013 (in thousands):
			Three Months Ended March 31,
			2014
	Total revenue		$	229,661
Net income		$	149,779
Preferred shareholder dividends		$	(9,824	)
Net income attributable to SHR common shareholders		$	143,428
Net income attributable to SHR common shareholders per share:
Basic		$	0.69
Diluted		$	0.65

Discontinued_Operations

Discontinued Operations	3 Months Ended
	Mar. 31, 2015
Discontinued Operations and Disposal Groups [Abstract]
Disposal Groups, Including Discontinued Operations, Disclosure [Text Block]	DISCONTINUED OPERATIONS
	During the three months ended March 31, 2014, the Company sold the following hotels:
	Hotel		Location		Date Sold	Sales Proceeds			Gain on sale
	Four Seasons Punta Mita Resort and La Solana land parcel		Punta Mita, Mexico		28-Feb-14	$	206,867,000		$	63,879,000
	Marriott London Grosvenor Square		London, England		31-Mar-14	$	209,407,000	(a)	$	92,889,000
	(a) There was an outstanding balance of £67,301,000 ($112,150,000) on the mortgage loan secured by the Marriott London Grosvenor Square hotel, which was repaid at the time of closing. The net proceeds received by the Company were $97,257,000.
	The results of operations of hotels sold prior to January 1, 2015 are classified as discontinued operations and segregated in the condensed consolidated statements of operations for all periods presented. Subsequent to January 1, 2015, only disposals that represent a strategic shift that has a major effect on the Company's results of operations would qualify as discontinued operations. The following is a summary of income from discontinued operations for the three months ended March 31, 2014 (in thousands):
		Three Months Ended March 31, 2014
	Hotel operating revenues	$	17,767
	Operating costs and expenses	11,485
	Depreciation and amortization	1,275
	Total operating costs and expenses	12,760
	Operating income	5,007
	Interest expense	(1,326		)
	Interest income	2
	Loss on early extinguishment of debt	(272		)
	Foreign currency exchange gain	32
	Income tax expense	(833		)
	Gain on sale, net of tax	155,825
	Income from discontinued operations	$	158,435

Variable_Interest_Entity

Variable Interest Entity	3 Months Ended
	Mar. 31, 2015
Variable Interest Entity [Abstract]
Schedule of Variable Interest Entities	VARIABLE INTEREST ENTITY
	On September 14, 2012, the Company formed a joint venture (the Essex House Hotel Venture) with affiliates of KSL Capital Partners, LLC (KSL) to acquire, own, manage, and operate the JW Marriott Essex House Hotel. The Company contributed cash of $89,147,000 to acquire a 51% equity interest in the Essex House Hotel Venture, and KSL contributed cash of $85,651,000 to acquire a 49% equity interest. Pursuant to the terms of the joint venture agreements establishing the Essex House Hotel Venture, at any time prior to the third anniversary of the formation of the Essex House Hotel Venture, KSL shall have the right to sell its equity interest in the Essex House Hotel Venture to the Company in exchange for shares of SHR's common stock, as set forth in the joint venture agreements, at a purchase price equal to KSL's net investment plus 8.0% compounded annually (the Put Option). For purposes of paying the purchase price, SHR's common stock shall be valued at the greater of (i) $7.50 per share and (ii) the 20-day volume-weighted average price per share of SHR's common stock as of the date KSL exercises the Put Option. The Essex House Hotel Venture is jointly controlled by the Company and KSL; however, it is considered a variable interest entity because the Company determined that it is the only holder of equity at risk due to the Put Option. The Company also determined that it is the primary beneficiary of the Essex House Hotel Venture due to the Put Option, which impacts the Company's power to direct the activities that most significantly impact the economic performance of the entity, as well as its obligation to absorb the losses and its right to receive benefits from the entity that could potentially be significant to the entity. As such, the transactions and accounts of the Essex House Hotel Venture are included in the accompanying condensed consolidated financial statements.
	Other than in connection with a customary environmental indemnity and non-recourse carve-out guaranty in favor of the lender, the liabilities of the Essex House Hotel Venture are solely the obligations of the Essex House Hotel Venture and are not guaranteed by the Company. The debt is secured by the JW Marriott Essex House Hotel, and the creditors of the Essex House Hotel Venture do not have general recourse to the Company. The use of certain assets of the Essex House Hotel Venture is restricted because they are collateral for the Essex House Hotel Venture's debt (see note 8), and the Company does not have the ability to leverage the assets.
	The Company and KSL are subject to the terms of the joint venture agreements, which include provisions for additional contributions. For the three months ended March 31, 2015, the Company and KSL provided no additional contributions to the Essex House Hotel Venture. For the three months ended March 31, 2014, the Company and KSL provided additional contributions of $2,550,000 and $2,450,000, respectively, to the Essex House Hotel Venture for property improvements.
	For the three months ended March 31, 2015, the Company and KSL received distributions of $30,600,000 and $29,400,000, respectively, from the Essex House Hotel Venture from excess cash received from the refinancing of the mortgage loan secured by the JW Marriott Essex House Hotel in December 2014.

Investment_In_Unconsolidated_A

Investment In Unconsolidated Affiliates	3 Months Ended
	Mar. 31, 2015
Equity Method Investments and Joint Ventures [Abstract]
Equity Method Investments and Joint Ventures Disclosure	INVESTMENT IN UNCONSOLIDATED AFFILIATES
	Investment in unconsolidated affiliates as of March 31, 2015 and 2014 includes the following (in thousands):
		2015		2014
	Four Seasons RCPM	3,427		3,427
	Lot H5 Venture	19,423		19,423
	Total investment in unconsolidated affiliates	$	22,850	$	22,850
	Four Seasons RCPM
	The Company owns a 31% interest in, and acts as asset manager for, an unconsolidated affiliate, formed with two unaffiliated parties, that developed the Four Seasons RCPM, a luxury vacation home product sold in fractional and whole ownership interests on the property adjacent to the Four Seasons Punta Mita Resort in Mexico. The Company earns asset management fees and recognizes income on the percentage not owned by the Company. These fees amounted to $0 and $18,000 for the three months ended March 31, 2015 and 2014, respectively, and are included in other (expenses) income, net in the condensed consolidated statements of operations.
	Lot H5 Venture
	The Company has an interest in an unconsolidated affiliate, formed with an unaffiliated party, that owns an undeveloped, oceanfront land parcel in Punta Mita, Nayarit, Mexico, known as the Lot H5 land parcel (the Lot H5 Venture). The Company has a preferred position in the Lot H5 Venture that entitles it to receive the first $12,000,000 of distributions generated from the Lot H5 land parcel with any excess distributions split equally between the Company and its partner. The Company jointly controls the Lot H5 Venture with its partner and accounts for its interest in the Lot H5 Venture as an equity method investment.
	Acquisitions of Unconsolidated Affiliates:
	Fairmont Scottsdale Princess Venture
	Prior to March 31, 2014, the Company had a 50% ownership interest in the Fairmont Scottsdale Princess Venture. The Company jointly controlled the venture with an unaffiliated third party, Walton Street, and served as the managing member. The Company acted as asset manager and was entitled to earn a quarterly base management fee, as well as certain project management fees. The Company recognized fees of $0 and $228,000 for the three months ended March 31, 2015 and 2014, respectively, which are included in other (expenses) income, net on the condensed consolidated statements of operations.
	On March 31, 2014, the Company acquired Walton Street's 50.0% interest in the Fairmont Scottsdale Princess Venture. The Company now wholly owns the Fairmont Scottsdale Princess Venture. The Company has consolidated the Fairmont Scottsdale Princess Venture and no longer accounts for the investment using the equity method of accounting (see note 3).
	Hotel del Coronado Venture
	Prior to June 11, 2014, the Company had a 36.4% ownership interest in the Hotel del Coronado Venture. Blackstone, an unaffiliated third party, had the remaining ownership interest in the Hotel del Coronado Venture and was the general partner. The Company acted as asset manager and was entitled to earn a quarterly asset management fee, certain development fees, and if applicable, certain incentive fees. The Company recognized fees of $0 and $209,000 for the three months ended March 31, 2015 and 2014, respectively, which are included in other (expenses) income, net on the condensed consolidated statements of operations.
	On June 11, 2014, the Company acquired Blackstone's 63.6% interest in the Hotel del Coronado Venture. The Company now wholly owns the Hotel del Coronado Venture. The Company has consolidated the Hotel del Coronado Venture and no longer accounts for the investment using the equity method of accounting (see note 3).

Operating_Lease_Agreements

Operating Lease Agreements	3 Months Ended
	Mar. 31, 2015
Leases [Abstract]
Operating Lease Agreements	OPERATING LEASE AGREEMENTS
	Building Lease
	In June 2004, the Company recorded a sale of the Marriott Hamburg hotel, and the Company’s leaseback of the hotel was reflected as an operating lease. A deferred gain was recorded in conjunction with the sale and is being recognized as a reduction of lease expense over the life of the lease. The Company recognized $44,000 and $53,000 of the deferred gain for the three months ended March 31, 2015 and 2014, respectively. As of March 31, 2015 and December 31, 2014, the deferred gain on the sale of the Marriott Hamburg hotel recorded in accounts payable and accrued expenses on the accompanying condensed consolidated balance sheets amounted to $2,684,000 and $2,933,000, respectively. On a monthly basis, the Company makes minimum rent payments aggregating to an annual total of €3,833,000 (adjusting by an index formula) ($4,114,000 based on the foreign exchange rate as of March 31, 2015) and pays additional rent based upon the performance of the hotel, which are recorded as lease expense in the Company’s condensed consolidated statements of operations. A euro-denominated security deposit at March 31, 2015 and December 31, 2014 was $2,039,000 and $2,299,000, respectively, and is included in prepaid expenses and other assets on the Company’s condensed consolidated balance sheets. The Company subleases its interest in the Marriott Hamburg hotel to a third party. The Company has reflected the sublease arrangement as an operating lease and records lease revenue.
	Ground Leases
	The Company is subject to a ground lease agreement with a third party landlord whereby it leases one parcel of land at the Fairmont Scottsdale Princess hotel, which became a consolidated property in March 2014 (see note 3). The ground lease expires in December 2109. Annual rent payments through December 2020 are equal to $1,500,000 plus a percentage of gross revenue, as defined by the terms of the ground lease agreement. Subsequent to December 2020, annual rent payments are a percentage of gross revenue.
	The Company is subject to a ground lease agreement with a third party landlord whereby it leases the land for the Marriott Lincolnshire Resort. The term of the ground lease goes through December 31, 2112 and annual rent payments are a fixed amount, subject to indexation.
	Lease payments related to hotel ground leases are included in other hotel expenses on the condensed consolidated statements of operations.
	Office Space Lease
	The Company is subject to a lease agreement with a third party landlord for its office space. The office lease expires in September 2017. Lease payments related to office space are included in corporate expenses on the condensed consolidated statements of operations.

Indebtedness

Indebtedness

3 Months Ended

Mar. 31, 2015

Debt Disclosure [Abstract]

Indebtedness

INDEBTEDNESS

Mortgages Payable, Net of Discount:

Certain subsidiaries of SHR are the borrowers under various financing arrangements. These subsidiaries are separate legal entities and their respective assets and credit are not available to satisfy the debt of SHR or any of its other subsidiaries.

Mortgages payable, net of discount, at March 31, 2015 and December 31, 2014 consisted of the following (in thousands):

Balance Outstanding at

Debt

Spread (a)

Initial Maturity

Maturity Including Extension Options

March 31, 2015

December 31, 2014

Fairmont Scottsdale Princess(b)

0.36%

Apr-15

Apr-15

$

117,000

$

117,000

Hotel del Coronado(c)

3.65%

Mar-16

Mar-18

475,000

475,000

Loews Santa Monica Beach Hotel(d)

2.55%

May-17

May-21

120,000

120,000

Fairmont Chicago

Fixed

Jun-17

Jun-17

93,124

93,124

Westin St. Francis

Fixed

Jun-17

Jun-17

209,588

209,588

Four Seasons Washington, D.C.(d)

2.25%

Jun-17

Jun-19

120,000

120,000

Hyatt Regency La Jolla(e)

4.00%/Fixed

Dec-17

Dec-17

89,239

89,247

JW Marriott Essex House Hotel(d)

2.95%

Jan-18

Jan-20

225,000

225,000

InterContinental Chicago

Fixed

Aug-21

Aug-21

142,085

142,442

Montage Laguna Beach(f)

Fixed

Aug-21

Aug-21

150,000

—

InterContinental Miami

Fixed

Sep-24

Sep-24

115,000

115,000

Total mortgages payable(g)

1,856,036

1,706,401

Unamortized discount(b) (f)

(1,022

)

(623

)

Total mortgages payable, net of discount

$

1,855,014

$

1,705,778

(a)

Interest on mortgage loans is paid monthly at the applicable spread over London Interbank Offered Rate (LIBOR) (0.18% at March 31, 2015) for all variable-rate mortgage loans except for the Hyatt Regency La Jolla hotel (see (e) below). Interest on the Fairmont Chicago and Westin St. Francis mortgage loans is paid monthly at an annual fixed rate of 6.09%, interest on the InterContinental Chicago mortgage loan is paid monthly at an annual fixed rate of 5.61%, interest on the Montage Laguna Beach mortgage loan is paid monthly at an annual fixed rate of 3.90%, and interest on the InterContinental Miami mortgage loan is paid monthly at an annual fixed rate of 3.99%.

(b)

On March 31, 2014, the Company acquired the remaining 50.0% equity interest in the Fairmont Scottsdale Princess Venture, resulting in the Fairmont Scottsdale Princess Venture becoming wholly-owned by the Company. In connection with the acquisition, the Company consolidated the Fairmont Scottsdale Princess Venture and became fully obligated under the entire outstanding balance of the mortgage loan secured by the Fairmont Scottsdale Princess hotel (see note 3). The Company recorded the mortgage loan at its fair value, which included a debt discount, which was being amortized as additional interest expense over the maturity period of the loan. On April 9, 2015, the Company repaid the entire balance outstanding on the mortgage loan (see note 16).

(c)

On June 11, 2014, the Company acquired the remaining 63.6% equity interest in the Hotel del Coronado Venture, resulting in the Hotel del Coronado Venture becoming wholly-owned by the Company. In connection with the acquisition, the Company consolidated the Hotel del Coronado Venture and became fully obligated under the entire outstanding balance of the mortgage and mezzanine loans secured by the Hotel del Coronado (see note 3). The first of three extension options related to the mortgage and mezzanine loans was exercised in March 2015 leaving two, one-year extension options available, subject to certain conditions.

(d)

The mortgage loan secured by the Loews Santa Monica Beach Hotel has four, one-year extension options, subject to certain conditions. The mortgage loans secured by the Four Seasons Washington, D.C. hotel and the JW Marriott Essex House Hotel each have two, one-year extension options, subject to certain conditions.

(e)

Interest on $72,000,000 of the total principal amount is paid monthly at an annual rate of LIBOR plus 4.00%, subject to a 0.50% LIBOR floor, and interest on $17,239,000 of the total principal amount is paid monthly at an annual fixed rate of 10.00%. On April 21, 2015, the Company and its joint venture partner entered into an agreement to sell the property that secures this mortgage loan. The mortgage loan will be repaid when the transaction closes (see note 16).

(f)

On January 29, 2015, the Company closed on the acquisition of the Montage Laguna Beach resort. In connection with the acquisition, the Company assumed the existing mortgage loan secured by the Montage Laguna Beach resort (see note 3). The Company recorded the mortgage loan at its fair value, which included a debt discount, which is being amortized as additional interest expense over the maturity period of the loan.

(g)

All of these loan agreements require maintenance of financial covenants, all of which the Company was in compliance with at March 31, 2015.

Bank Credit Facility:

The Company has a $300,000,000 secured bank credit facility agreement. The agreement contains an accordion feature, which provides the option to increase the borrowing capacity up to $400,000,000, subject to the satisfaction of customary conditions set forth in the agreement. The following summarizes key financial terms and conditions of the bank credit facility:

•

interest on the facility is payable monthly based upon a leverage-based pricing grid ranging from LIBOR plus 1.75% to LIBOR plus 2.50% in the case of a LIBOR loan or base rate plus 0.75% to base rate plus 1.50% in the case of a base rate loan. The applicable margins were increased, in each case, by 0.25% for the period from April 25, 2014 through March 31, 2015.

•

an unused commitment fee is payable monthly based on the unused revolver balance at a rate of 0.30% per annum in the event that the bank credit facility usage is less than 50% and a rate of 0.20% per annum in the event that the bank credit facility usage is equal to or greater than 50%;

•

maturity date of April 25, 2018, with the right to extend the maturity date for an additional one-year period with an extension fee equal to 0.25%, subject to certain conditions;

•

lenders received collateral in the form of pledges by SH Funding and certain of its subsidiaries of their interests in subsidiaries that directly or indirectly own, lease or operate the borrowing base properties, which currently include the Four Seasons Jackson Hole hotel, the Four Seasons Silicon Valley hotel, the Marriott Lincolnshire Resort, the Ritz-Carlton Half Moon Bay hotel, and the Ritz-Carlton Laguna Niguel hotel, and guarantees of the loan from the Company and such subsidiaries;

•

maximum availability is determined by the lesser of 55% advance rate against the gross asset value of the borrowing base properties as determined under the loan (provided at any time the total fixed charge coverage ratio is greater than 1.75 times, the percentage shall be increased to 60%) or a 1.40 times debt service coverage on the borrowing base properties (based on the trailing 12 months net operating income for these assets divided by the greater of the in-place interest rate or 7.0% debt constant on the balance outstanding under the bank credit facility);

•

minimum corporate fixed charge coverage of 1.40 times during 2015 and 1.50 times thereafter;

•

maximum corporate leverage of 60%;

•

minimum tangible net worth of approximately $1,416,189,000, excluding goodwill and currency translation adjustments, plus an amount equal to 75% of the net proceeds of any new issuances of our common stock, which is not used to reduce indebtedness or used in a transaction or series of transactions to redeem outstanding capital stock;

•

restrictions on SHR and SH Funding’s ability to pay dividends. Such restrictions include:

•

prohibitions on SHR and SH Funding's ability to pay any dividends unless certain conditions are met; and

•

prohibitions on SHR and SH Funding’s ability to issue dividends in cash or in kind at any time an event of default shall have occurred.

Notwithstanding the dividend restrictions described above, for so long as the Company qualifies, or has taken all other actions necessary to qualify as a REIT, SH Funding may authorize, declare, and pay quarterly cash dividends to the Company when and to the extent necessary for the Company to distribute cash dividends to its stockholders generally in an aggregate amount not to exceed the minimum amount necessary for the Company to maintain its tax status as a REIT, unless certain events of default exist.

Other terms and conditions exist including a prohibition on mortgaging the borrowing base properties, provisions to release assets from the borrowing base and limitations on the Company's ability to incur costs for discretionary capital programs and to redeem, retire or repurchase common stock. Under the agreement, SH Funding has a letter of credit sub-facility of $75,000,000, which is secured by the $300,000,000 bank credit facility. Letters of credit reduce the borrowing capacity under the bank credit facility.

The interest rate at March 31, 2015 was 2.18%. There were no borrowings under the bank credit facility during the three months ended March 31, 2015. At March 31, 2015, the maximum availability under the bank credit facility was $300,000,000. Additionally, at March 31, 2015, there were no borrowings outstanding under the bank credit facility and no outstanding letters of credit. The agreement also requires maintenance of financial covenants, all of which SH Funding and SHR were in compliance with at March 31, 2015.

Debt Maturity:

The following table summarizes the aggregate maturities (assuming all extension options exercised) as of March 31, 2015 for all mortgages and the Company’s bank credit facility (in thousands):

Years ending December 31,

Amounts

2015 (remainder)

$

118,439

2016

2,031

2017

394,123

2018

477,299

2019

122,433

Thereafter

741,711

1,856,036

Unamortized discount

(1,022

)

Total

$

1,855,014

Interest Expense:

Total interest expense in continuing and discontinued operations includes a reduction related to capitalized interest of $113,000 and $228,000 for the three months ended March 31, 2015 and 2014, respectively. Total interest expense in continuing and discontinued operations includes amortization of deferred financing costs of $895,000 and $1,407,000 for the three months ended March 31, 2015 and 2014, respectively.

Equity_And_Distribution_Activi

Equity And Distribution Activity	3 Months Ended
	Mar. 31, 2015
Stockholders' Equity Note [Abstract]
Equity And Distribution Activity	EQUITY AND DISTRIBUTION ACTIVITY
	Common Stock:
	The following table presents the changes in the issued and outstanding shares of SHR common stock since December 31, 2014 (excluding 793,618 units of SH Funding (OP Units) outstanding at both March 31, 2015 and December 31, 2014, respectively, which are redeemable for shares of SHR common stock on a one-for-one basis, or the cash equivalent thereof, subject to certain restrictions and at the option of SHR) (in thousands):
	Outstanding at December 31, 2014	267,436
	RSUs and performance-based RSUs redeemed for shares of SHR common stock	530
	Common stock issued	7,348
	Outstanding at March 31, 2015	275,314
	On January 29, 2015, the Company issued 7,347,539 shares of SHR's common stock to partially fund the acquisition of the Montage Laguna Beach resort (see note 3).
	In February 2015, the Company entered into a stock distribution agreement whereby the Company may sell, from time to time, through certain agents, shares of SHR's common stock, having an aggregate offering price of up to $250,000,000 by means of ordinary brokers' transactions at market prices or as otherwise agreed between the Company and the agents. The net proceeds from any sale of shares of SHR's common stock are expected to be used for working capital and general corporate purposes, which may include the repayment of indebtedness. No shares were sold under the stock distribution agreement during the three months ended March 31, 2015.
	Distributions to Shareholders and Unitholders
	On November 4, 2008, SHR’s board of directors elected to suspend the quarterly dividend to holders of shares of SHR common stock.
	Preferred Stock:
	On January 5, 2015, the Company redeemed all of the outstanding 3,615,375 shares of it 8.25% Series B Cumulative Redeemable Preferred Stock (Series B Preferred Stock). The shares of Series B Preferred Stock were redeemed at a redemption price of $25.00 per share, or approximately $90,384,000 in total, plus accrued and unpaid dividends up to and including the redemption date in the amount of $0.028646 per share, or approximately $104,000 in total. Following the redemption, dividends on the Series B Preferred Stock ceased to accrue.
	After the redemption of the Series B Preferred Stock in January 2015, there are no remaining shares of preferred stock outstanding.
	Noncontrolling Interests:
	The following tables reflect the reconciliation of the beginning and ending balances of the equity attributable to SHR and the noncontrolling owners (in thousands):
			SHR Shareholders’ Equity			Nonredeemable Noncontrolling Interests			Total Permanent Shareholders’ Equity			Total Redeemable Noncontrolling Interests (Temporary Equity)(a)
	Balance at December 31, 2014		$	1,447,457		$	94,292		$	1,541,749		$	10,500
	Common shares issued		100,646			—			100,646			293
	Net income (loss)		15,811			(3,434		)	12,377			37
	CTA		(135		)	—			(135		)	—
	Derivative activity		3,105			—			3,105			8
	Share-based compensation		(723		)	—			(723		)	(2		)
	Preferred stock redemption		(7		)	—			(7		)	—
	Redemption value adjustment		984			—			984			(984		)
	Distributions to holders of noncontrolling interests in consolidated affiliates		—			(29,400		)	(29,400		)	—
	Other		(13		)	—			(13		)	13
	Balance at March 31, 2015		$	1,567,125		$	61,458		$	1,628,583		$	9,865
			SHR Shareholders’ Equity			Nonredeemable Noncontrolling Interests			Total Permanent Shareholders’ Equity			Total Redeemable Noncontrolling Interests (Temporary Equity)(a)
	Balance at December 31, 2013		$	710,513		$	92,355		$	802,868		$	7,534
	Net income (loss)		226,982			(4,041		)	222,941			849
	CTA		18,713			—			18,713			71
	Derivatives and other activity		331			—			331			2
	Share-based compensation		463			—			463			2
	Preferred stock redemption		(103,760		)	—			(103,760		)	—
	Declared distributions to preferred shareholders		(6,115		)	—			(6,115		)	—
	Redemption value adjustment		308			—			308			(308		)
	Contributions from holders of noncontrolling interests in consolidated affiliates		—			2,450			2,450			—
	Other		26			—			26			(26		)
	Balance at March 31, 2014		$	847,461		$	90,764		$	938,225		$	8,124
	(a)	The historical cost of the redeemable noncontrolling interests is based on the proportional relationship between the carrying value of equity associated with SHR’s common shareholders relative to that of the unitholders of SH Funding, as OP Units may be exchanged into shares of SHR common stock on a one-for-one basis. The interests held by the noncontrolling partners are stated at the greater of carrying value or their redemption value.
	As of March 31, 2015 and December 31, 2014, the redeemable noncontrolling interests had a redemption value of approximately $9,865,000 (based on the March 31, 2015 SHR common stock closing price of $12.43) and $10,500,000 (based on the December 31, 2014 SHR common stock closing price of $13.23), respectively. As of March 31, 2014 and December 31, 2013, the redeemable noncontrolling interests had a redemption value of approximately $8,124,000 (based on the March 31, 2014 SHR common stock closing price of $10.19) and $7,534,000 (based on the December 31, 2013 SHR common stock closing price of $9.45), respectively.

Derivatives

Derivatives	3 Months Ended
	Mar. 31, 2015
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivatives	DERIVATIVES
	The Company manages its interest rate risk by varying its exposure to fixed and variable rates while attempting to minimize its interest costs. The Company manages its variable interest rate risk through the use of interest rate derivative instruments. The Company enters into interest rate derivative instruments with high credit quality counterparties and diversifies its positions among such counterparties in order to reduce its exposure to credit losses. The Company uses interest rate caps to limit exposure on its variable-rate debt that would result from an increase in interest rates. The Company’s lenders, as stipulated in the respective loan agreements, generally require such caps. The Company records all derivatives at fair value in either prepaid expenses and other assets or accounts payable and accrued expenses in the accompanying condensed consolidated balance sheets.
	The valuation of the interest rate derivative instruments is determined using widely accepted valuation techniques including discounted cash flow analysis on the expected cash flows of each derivative. This analysis reflects the contractual terms of the derivatives, including the period to maturity, and uses observable market-based inputs, including interest rate curves and implied volatilities. The Company incorporates credit valuation adjustments (CVA) to appropriately reflect its own nonperformance risk and the respective counterparty’s nonperformance risk. When assessing nonperformance risk, the Company has considered the impact of netting and any applicable credit enhancements, such as collateral postings, thresholds, mutual puts, and guarantees.
	Except for the CVA, all inputs used to measure fair value of the derivative financial instruments are Level 2 inputs. The Company has concluded that the inputs used to measure its CVA are Level 3 inputs. If the inputs used to measure fair value fall in different levels of the fair value hierarchy, the level in the fair value hierarchy within which the fair value measurement in its entirety falls shall be determined based on the lowest level input that is significant to the fair value measurement in its entirety.
	The Company reviews the fair value hierarchy classifications each reporting period. Changes in the observability of the valuation attributes may result in a reclassification of certain financial assets or liabilities. Such reclassifications are reported as transfers into and out of Level 3, or between other levels, at the fair value at the beginning of the reporting period in which the changes occur. The Company assessed the impact of the CVA on the overall fair value of its derivative instruments and concluded that the CVA does not have a significant impact to the fair values as of March 31, 2015. As of March 31, 2015 and December 31, 2014, all derivative liabilities are categorized as Level 2.
	Derivatives in Cash Flow Hedging Relationships:
	Historically, the Company has used interest rate swaps as part of its interest rate risk management strategy. Interest rate swaps designated as cash flow hedges involved 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. The effective portion of changes in the fair value of derivatives designated and that qualified as cash flow hedges were recorded in accumulated OCL and was subsequently reclassified into earnings in the period that the hedged forecasted transaction affected earnings. During the three months ended March 31, 2014, such derivatives were used to hedge the variable cash flows associated with existing variable-rate debt. The ineffective portion of the change in fair value of the derivatives was recognized directly in earnings.
	In April 2014, the Company paid $17,428,000, which included accrued and unpaid interest, to terminate its two interest rate swaps that were in cash flow hedging relationships. There was no immediate charge to earnings based on the Company's forecasted levels of LIBOR-based debt at the date of the termination. Amounts previously recorded in accumulated OCL related to these interest rate swaps will be reclassified into earnings as additional interest expense on a straight-line basis over the original maturity period of the interest rate swaps. During the next twelve months, an additional $7,785,000 will be reclassified as an increase to interest expense.
	Derivatives Not Designated as Hedging Instruments:
	Derivatives not designated as hedges are not speculative and are used to manage the Company’s exposure to interest rate movements and other identified risks but do not meet hedge accounting requirements. Changes in the fair value of derivatives not designated in hedging relationships are recorded directly in earnings.
	In April 2014, the Company paid $5,281,000, which included accrued and unpaid interest, to terminate its two interest rate swaps that were not designated as hedging instruments. These interest rate swaps were marked to market through earnings through the date of termination, with no additional gain or loss recognized in earnings at the date of termination.
	As of March 31, 2015, the Company had the following outstanding interest rate derivatives that were not designated as hedging instruments:
	Interest Rate Derivatives	Number of Instruments		Notional Amount
				(in thousands)
	Interest rate caps	10		$	1,429,000
	At March 31, 2015 and December 31, 2014, the aggregate notional amount of the Company’s interest rate cap agreements was $1,429,000,000. The Company’s interest rate caps have LIBOR strike rates ranging from 2.05% to 4.55% and maturity dates ranging from April 2015 to July 2017.
	Fair Values of Derivative Instruments:
	The table below presents the fair value of the Company’s derivative financial instruments as well as their classification on the condensed consolidated balance sheets as of March 31, 2015 and December 31, 2014 (in thousands):
				Fair Value as of
		Balance Sheet Location		March 31, 2015				December 31, 2014
	Derivatives not designated as hedging instruments:
	Interest rate caps	Prepaid expenses and other assets		$	42			$	113
	The Company does not have any fair value measurements using inputs based on quoted prices in active markets (Level 1) or significant unobservable inputs (Level 3) as of March 31, 2015 or December 31, 2014. The following tables reflect changes in interest rate swap liabilities categorized as Level 2 for the three months ended March 31, 2014 (in thousands):
	Balance as of January 1, 2014	$	(27,921	)
	Mark to market adjustments	4,622
	Balance as of March 31, 2014	$	(23,299	)
	Effect of Derivative Instruments on the Condensed Consolidated Statements of Operations:
	The tables below present the effect of the Company’s derivative financial instruments on the condensed consolidated statements of operations for the three months ended March 31, 2015 and 2014 (in thousands):
		Three Months Ended March 31,
		2015				2014
	Derivatives in Cash Flow Hedging Relationships
	Interest rate swaps:
	Effective portion of loss recognized in accumulated OCL	$	—			$	(217	)
	Effective portion of loss reclassified into interest expense	$	(3,113	)		$	(3,199	)
	Derivatives Not Designated as Hedging Instruments
	Interest rate swaps:
	Ineffective losses recognized in interest expense	$	—			$	(92	)
	Interest rate caps:
	Loss recognized in other (expenses) income, net	$	(116	)		$	(23	)

ShareBased_Employee_Compensati

Share-Based Employee Compensation Plans	3 Months Ended
	Mar. 31, 2015
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Share-Based Employee Compensation Plans	SHARE-BASED EMPLOYEE COMPENSATION PLANS
	Second Amended and Restated 2004 Incentive Plan:
	On June 21, 2004, SHR adopted the 2004 Incentive Plan (the Plan). The Plan provided for the grant of equity-based awards in the form of, among others, options to purchase shares of SHR common stock (Options), RSUs, and stock appreciation rights (SARs), which are collectively referred to as the Awards. On May 22, 2008, SHR’s shareholders approved SHR’s Amended and Restated 2004 Incentive Plan (the Amended Plan). The Amended Plan: (a) added OP Units as an additional type of award; (b) adjusted the number of authorized shares from 3,000,000 shares of SHR common stock to 4,200,000 shares of SHR common stock or OP Units; (c) limited the maximum term of Options and SARs to no more than 10 years and prohibited the repricing of Options and SARs; and (d) established minimum vesting periods for certain awards. On May 19, 2011, SHR’s shareholders approved SHR’s Second Amended and Restated 2004 Incentive Plan (the Amended and Restated Plan) pursuant to which the number of securities authorized and reserved for issuance increased from 4,200,000 shares of SHR common stock or OP Units to 9,700,000 shares of SHR common stock or OP Units. The termination date of the Amended and Restated Plan was also extended from June 21, 2014 to December 31, 2016.
	RSUs and Performance-Based RSUs:
	During the three months ended March 31, 2015, SHR granted 234,113 RSUs to certain employees, officers and directors under the Amended and Restated Plan. These RSUs represent awards of shares of SHR’s common stock that will generally vest over three years.
	In February 2015, SHR granted certain employees a target grant of 322,285 performance-based RSUs under a performance share plan that provides the recipient the opportunity to earn between 0.0% and 200.0% of the target (up to a maximum of 644,570 performance shares), based on the relative total shareholder return of the shares of SHR common stock, as defined in the agreement, over the period from January 2, 2015 through December 31, 2017.
	The Company measures compensation expense for RSUs based on the per share fair market value of SHR's common stock at the date of grant, adjusted for estimated forfeitures. The Company measures compensation expense for performance-based RSUs based on a Monte Carlo simulation to estimate the fair value on the date of grant. Compensation expense for RSUs and performance-based RSUs is recognized on a straight-line basis over the service period and is included in corporate expenses in the accompanying condensed consolidated statements of operations. The Company recorded compensation expense of $1,884,000 and $1,458,000 related to RSUs and performance-based RSUs for the three months ended March 31, 2015 and 2014, respectively. As of March 31, 2015, there was unrecognized compensation expense of $4,975,000 related to unvested RSUs and $7,256,000 related to performance-based RSUs granted under the Amended and Restated Plan. The unrecognized compensation expense is expected to be recognized over a weighted average period of 2.15 years for unvested RSUs and 2.24 years for performance-based RSUs.

Related_Party_Transactions

Related Party Transactions	3 Months Ended
	Mar. 31, 2015
Related Party Transactions [Abstract]
Related Party Transactions Disclosure	RELATED PARTY TRANSACTIONS
	On February 28, 2014, certain direct and indirect wholly-owned subsidiaries of SH Funding sold the Four Seasons Punta Mita Resort and adjacent La Solana land parcel to affiliates of Cascade Investment, L.L.C. (Cascade) for proceeds of $206,867,000 (see note 4). Cascade beneficially owned approximately 6.4% of SHR's common stock as of the closing date.
	Additionally, the Company has entered into month-to-month agreements with an affiliate of Cascade pursuant to which the Company provides advisory services for certain hotels not owned by the Company. The Company currently receives fees of $46,000 per month under these agreements (see note 15).

Commitments_And_Contingencies

Commitments And Contingencies	3 Months Ended
	Mar. 31, 2015
Commitments and Contingencies Disclosure [Abstract]
Commitments And Contingencies	COMMITMENTS AND CONTINGENCIES
	Environmental Matters:
	Generally, the properties acquired by the Company have been subjected to environmental site assessments. While some of these assessments have led to further investigation and sampling, none of the environmental assessments have revealed, nor is the Company aware of any environmental liability that it believes would have a material effect on its business or financial statements.
	Litigation:
	The Company is party to various claims and routine litigation arising in the ordinary course of business. Based on discussions with legal counsel, the Company does not believe that the results of these claims and litigation, individually or in the aggregate, will have a material effect on its business or financial statements.
	Letters of Credit:
	As of March 31, 2015, the Company provided a $75,000 letter of credit related to its office space lease. In January 2015, the Company terminated the letter of credit that was previously provided in connection with an obligation to complete property improvements at the JW Marriott Essex House Hotel.
	Purchase Commitments:
	Construction Contracts
	The Company has executed various contracts related to construction activities. As of March 31, 2015, the Company’s obligations under these contracts amounted to approximately $9,504,000. The construction activities are expected to be completed in the next twelve months.
	JW Marriott Essex House Hotel Property Improvement Plan
	As required by the JW Marriott Essex House Hotel management agreement, the Essex House Hotel Venture has an obligation to renovate and improve the property. As of March 31, 2015, the Essex House Hotel Venture's obligation under this agreement is approximately $638,000. The improvements are to be completed by July 2015.

Fair_Value_Of_Financial_Instru

Fair Value Of Financial Instruments	3 Months Ended
	Mar. 31, 2015
Fair Value Disclosures [Abstract]
Fair Value Of Financial Instruments	FAIR VALUE OF FINANCIAL INSTRUMENTS
	As of March 31, 2015 and December 31, 2014, the carrying amounts of certain financial instruments employed by the Company, including cash and cash equivalents, restricted cash and cash equivalents, accounts receivable, and accounts payable and accrued expenses were representative of their fair values because of the short-term maturity of these instruments.
	At March 31, 2015 and December 31, 2014, the Company estimated the fair value of mortgages and other debt payable and the bank credit facility to be approximately $1,883,000,000 and $1,726,000,000, respectively.
	The Company estimated the fair value of the debt using a future discounted cash flow analysis based on the use and weighting of multiple market inputs being considered. Based on the frequency and availability of market data, all inputs used to measure the estimated fair value of the debt are Level 2 inputs. The primary sensitivity in these calculations is based on the selection of appropriate discount rates.
	Derivative financial instruments have been recorded at their estimated fair values.

Management_Agreements

Management Agreements	3 Months Ended
	Mar. 31, 2015
Other Income, Nonoperating [Abstract]
Management Agreements	MANAGEMENT AND ADVISORY AGREEMENTS
	JW Marriott Essex House Hotel Performance Guarantee
	In connection with the acquisition of the JW Marriott Essex House Hotel in September 2012, the Essex House Hotel Venture entered into a management agreement with an affiliate of Marriott International, Inc. (Marriott). In connection with the management agreement, Marriott provided the Essex House Hotel Venture with a limited performance guarantee that will ensure, subject to certain limitations, a target level of net operating profit. Guarantee payments are calculated and paid to the Essex House Hotel Venture on a monthly basis based on the cumulative year-to-date results with a final true-up at the end of each year. Monthly interim payments are recorded as deferred revenue and are recognized as other hotel operating revenue at the end of the year when the final guarantee payment for the year is determined. Since the commencement of the performance guarantee, the Essex House Hotel Venture has received payments of $20,000,000 which have been recognized in earnings, and has received payments of an additional $8,970,000, which have been recorded as deferred revenues in accounts payable and accrued expenses on the condensed consolidated balance sheet. The maximum guarantee that could be paid to the Essex House Hotel Venture during the guarantee period is $40,000,000. Any guarantee payments that exceed $20,000,000 may be recoverable by Marriott in accordance with the terms of the limited performance guarantee. Any amounts that are recoverable will be deferred and will not be recognized in earnings. The guarantee period began on September 17, 2012 and will continue through the earlier of a) December 31, 2020, b) the date at which the maximum guarantee has been funded, or c) the termination of the management agreement.
	Asset Management and Advisory Agreements
	The Company has entered into asset management and advisory agreements with third parties to provide such services to hotels not owned by the Company. The Company earns base fees and may have the potential to earn additional incentive fees. The Company earned fees of $263,000 and $100,000 for the three months ended March 31, 2015 and 2014, respectively, under these agreements, which are included in other (expenses) income, net in the condensed consolidated statements of operations.

Subsequent_Events

Subsequent Events	3 Months Ended
	Mar. 31, 2015
Subsequent Events [Abstract]
Subsequent Events	16. SUBSEQUENT EVENTS
	On May 1, 2015, the Company signed a purchase and sale agreement pursuant to which the Company agreed to acquire the Four Seasons Hotel Austin for $197,000,000. The acquisition, subject to certain closing conditions, is expected to close in the second quarter of 2015.
	On April 21, 2015, the Company, along with its joint venture partner, entered into an agreement to sell the Hyatt Regency La Jolla hotel for $118,000,000. The transaction, which is subject to certain closing conditions, is expected to close in the second quarter of 2015. The mortgage loan secured by the Hyatt Regency La Jolla hotel will be repaid when the transaction closes.
	On April 9, 2015, the Company repaid the $117,000,000 mortgage loan secured by the Fairmont Scottsdale Princess hotel (see note 8).

Summary_Of_Significant_Account1

Summary Of Significant Accounting Policies (Policy)	3 Months Ended
	Mar. 31, 2015
Accounting Policies [Abstract]
Basis of Presentation	Basis of Presentation:
	The accompanying unaudited condensed consolidated financial statements and related notes have been prepared in accordance with accounting principles generally accepted in the United States of America (GAAP) and in conformity with the rules and regulations of the SEC applicable to interim financial information. As such, certain information and footnote disclosures normally included in complete annual financial statements prepared in accordance with GAAP have been omitted in accordance with the rules and regulations of the SEC. In the opinion of management, the accompanying unaudited condensed consolidated financial statements contain all adjustments, consisting of normal recurring accruals, necessary to present fairly the financial position of the Company and its results of operations and cash flows for the interim periods presented. The Company believes the disclosures made are adequate to prevent the information presented from being misleading. However, the unaudited condensed consolidated financial statements should be read in conjunction with the Company’s audited consolidated financial statements included in SHR’s annual report on Form 10-K for the year ended December 31, 2014.
Basis of Consolidation	Basis of Consolidation:
	The accompanying unaudited condensed consolidated financial statements include the accounts of SHR, its subsidiaries and other entities in which the Company has a controlling interest. If SH Funding determines that it is the holder of a variable interest in a variable interest entity (VIE), and it is the primary beneficiary, then SH Funding will consolidate the entity. At March 31, 2015, SH Funding consolidated one VIE, the entity that owns the JW Marriott Essex House Hotel (see note 5). For entities that are not considered VIEs, SH Funding consolidates those entities it controls. At March 31, 2015, SH Funding owned a 53.5% controlling interest in the entity that owns the Hyatt Regency La Jolla hotel, which is consolidated in the accompanying condensed consolidated financial statements. It accounts for those entities over which it has a significant influence but does not control using the equity method of accounting. At March 31, 2015, SH Funding owned interests in the Four Seasons Residence Club Punta Mita (Four Seasons RCPM) and the Lot H5 Venture (see note 6), which are unconsolidated affiliates in the accompanying condensed consolidated financial statements that are accounted for using the equity method of accounting.
	All intercompany transactions and balances have been eliminated in consolidation.
Use of Estimates	Use of Estimates:
	The preparation of condensed consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the condensed consolidated financial statements and the reported amounts of revenues and expenses during the reporting periods. Actual results could differ from those estimates.
Restricted Cash and Cash Equivalents	Restricted Cash and Cash Equivalents:
	At March 31, 2015 and December 31, 2014, restricted cash and cash equivalents included $44,868,000 and $37,486,000, respectively, that will be used for property and equipment replacement in accordance with hotel management agreements. At March 31, 2015 and December 31, 2014, restricted cash and cash equivalents also included reserves of $45,117,000 and $44,024,000, respectively, required by loan and other agreements.
Income Taxes	Income Taxes:
	SHR has elected to be taxed as a REIT under Sections 856 through 860 of the Internal Revenue Code of 1986, as amended (the Tax Code). As a REIT, SHR generally will not be subject to U.S. federal income tax if it distributes 100% of its annual taxable income to its shareholders and complies with certain other requirements. As a REIT, SHR is subject to a number of organizational and operational requirements. If it fails to qualify as a REIT in any taxable year, SHR will be subject to U.S. federal income tax (including any applicable alternative minimum tax) on its taxable income at regular corporate tax rates. Even if it qualifies for taxation as a REIT, it may be subject to foreign, state and local income taxes and to U.S. federal income tax and excise tax on its undistributed income. In addition, taxable income from SHR’s taxable REIT subsidiaries is subject to federal, foreign, state and local income taxes. Also, the foreign countries where the Company has operations do not recognize REITs under their respective tax laws. Accordingly, the Company is subject to tax in those jurisdictions.
	Deferred tax assets and liabilities are established for net operating loss carryforwards and temporary differences between the financial reporting basis and the tax basis of assets and liabilities at the enacted tax rates expected to be in effect when the net operating loss carryforwards are utilized and when the temporary differences reverse. The Company evaluates uncertain tax positions in accordance with applicable accounting guidance. A valuation allowance for deferred tax assets is provided if the Company believes all or some portion of the deferred tax asset may not be realized. Any increase or decrease in the valuation allowance that results from a change in circumstances that causes a change in the estimated realizability of the related deferred tax asset is included in earnings.
	For the three months ended March 31, 2015 and 2014, income tax expense is summarized as follows (in thousands):
		Three Months Ended March 31,
		2015				2014
	Current tax expense	$	(444	)		$	(219	)
	Deferred tax benefit	225				180
	Total income tax expense	$	(219	)		$	(39	)
Per Share Data	Per Share Data:
	The Company uses the two-class method to calculate per share data for common stock and participating securities. Under the two-class method, net earnings are allocated to common stock and participating securities as if all of the net earnings for the period had been distributed. Unvested share-based compensation awards that contain non-forfeitable rights to dividends or dividend equivalents are participating securities and, therefore, are included in computing per share data pursuant to the two-class method. The Company's restricted stock units (RSUs) are considered participating securities because they contain non-forfeitable rights to dividend equivalents. To the extent the Company has undistributed earnings, it will follow the two-class method of computing per share data.
	Basic income per common share is computed by dividing the net income attributable to SHR common shareholders by the weighted average shares of common stock outstanding during each period. Diluted income per common share is computed by dividing the net income attributable to SHR common shareholders as adjusted for the impact of dilutive securities, if any, by the weighted average shares of common stock outstanding plus potentially dilutive securities. Dilutive securities may include RSUs, performance-based RSUs, and noncontrolling interests that have an option to exchange their interests to shares of SHR common stock. No effect is shown for securities that are anti-dilutive. Potentially dilutive shares are determined using the more dilutive of either the two-class method or the treasury stock method. The following table sets forth the components of the calculation of net income attributable to SHR common shareholders used for determining per share amounts for the three months ended March 31, 2015 and 2014 (in thousands):
		Three Months Ended March 31,
		2015				2014
	Numerator - Basic:
	Income from continuing operations attributable to SHR	$	15,811			$	69,155
	Preferred shareholder dividends	—				(6,115		)
	Preferred stock redemption(a)	—				(3,709		)
	Undistributed earnings allocated to participating securities - basic	(37		)		(695		)
	Income from continuing operations attributable to SHR common shareholders - basic	15,774				58,636
	Discontinued operations attributable to SHR	—				157,827
	Net income attributable to SHR common shareholders - basic	$	15,774			$	216,463
	Numerator - Diluted:
	Income from continuing operations attributable to SHR common shareholders - basic	$	15,774			$	58,636
	Undistributed earnings allocated to participating securities - basic	37				695
	Undistributed earnings allocated to participating securities - diluted	(29		)		(647		)
	Adjustment for noncontrolling interests in consolidated affiliates (see note 5)	(3,281		)		(3,131		)
	Income from continuing operations attributable to SHR common shareholders - diluted	12,501				55,553
	Discontinued operations attributable to SHR	—				157,827
	Net income attributable to SHR common shareholders - diluted	$	12,501			$	213,380
	Denominator:
	Weighted average shares of common stock – basic (b)	273,831				206,983
	Effect of dilutive securities:
	Noncontrolling interests in consolidated affiliates (see note 5)	6,958				10,087
	Performance-based RSUs	2,003				2,298
	Weighted average shares of common stock - diluted	282,792				219,368
	(a) In March 2014, SHR publicly announced its intention to redeem all of the outstanding shares of its 8.50% Series A Cumulative Redeemable Preferred Stock (Series A Preferred Stock) on April 3, 2014. For purposes of calculating per share amounts for the three months ended March 31, 2014, the difference between the fair value of the Series A Preferred Stock and the carrying amount of the Series A Preferred Stock is an adjustment to net income attributable to SHR common shareholders.
	(b) Includes RSUs and performance-based RSUs of 1,115 and 1,302 at March 31, 2015 and 2014, respectively, that have vested but have not yet been issued to shares of common stock.
	Securities that could potentially dilute basic income per share in the future that are not included in the computation of diluted income per share because they are anti-dilutive as of March 31, 2015 and 2014 are as follows (in thousands):
		Computation For Three Months Ended March 31,
		2015			2014
	Noncontrolling interests in SHR's operating partnership	794			797
	RSUs	—			658
Accumulated Other Comprehensive Loss	Accumulated Other Comprehensive Loss:
	The Company’s accumulated other comprehensive loss (OCL) results from activity related to certain derivative financial instruments and unrealized gains or losses on foreign currency translation adjustments (CTA). The following tables provide the changes in accumulated OCL for the three-month periods ended March 31, 2015 and 2014 (in thousands):
		Derivative Activity				CTA			Accumulated OCL
	Balance at January 1, 2015	$	(10,898	)		$	(2,134	)	$	(13,032	)
	Other comprehensive loss before reclassifications	—				(135		)	(135		)
	Amounts reclassified from accumulated OCL	3,113				—			3,113
	Net other comprehensive income (loss)	3,113				(135		)	2,978
	Balance at March 31, 2015	$	(7,785	)		$	(2,269	)	$	(10,054	)
		Derivative Activity				CTA			Accumulated OCL
	Balance at January 1, 2014	$	(20,616	)		$	(20,829	)	$	(41,445	)
	Other comprehensive loss before reclassifications	(200		)		(111		)	(311		)
	Amounts reclassified from accumulated OCL	533				18,895			19,428
	Net other comprehensive income	333				18,784			19,117
	Balance at March 31, 2014	$	(20,283	)		$	(2,045	)	$	(22,328	)
	The reclassifications out of accumulated OCL for the three months ended March 31, 2015 and 2014 are as follows (in thousands):
			Amounts Reclassified from Accumulated OCL
	Details about Accumulated OCL Components		2015				2014			Statement of Operations Line Item
	Activity related to cash flow hedges		$	3,113			$	533		Interest expense
	Activity related to CTA		$	—			$	18,895		Income from discontinued operations, net of tax
New Accounting Guidance	New Accounting Guidance:
	In April 2015, the Financial Accounting Standards Board (FASB) issued new guidance which changes the presentation of debt issuance costs in financial statements. Under the new guidance, an entity presents debt issuance costs in the balance sheet as a direct deduction from the related debt liability rather than as an asset. Amortization of the debt issuance costs is reported as interest expense. The new guidance is effective on January 1, 2016, with early adoption permitted for any annual or interim period for which an entity's financial statements have not yet been made available for issuance. The new guidance must be applied retrospectively to all prior periods presented. The Company expects to adopt the new guidance on January 1, 2016 and will apply the presentation guidance to all periods presented in its consolidated financial statements.
	In August 2014, the FASB issued new accounting guidance which requires management to perform interim and annual assessments of an entity’s ability to continue as a going concern within one year of the date the financial statements are issued. The standard provides guidance on determining when and how to disclose going concern uncertainties in the financial statements. Certain disclosures will be required if conditions give rise to substantial doubt about an entity’s ability to continue as a going concern. This guidance is effective on January 1, 2017. The Company will apply the guidance prospectively and does not anticipate the guidance will have a material impact on its consolidated financial statements or disclosures.
	In May 2014, the FASB issued new guidance 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 guidance will replace most existing revenue recognition guidance in GAAP when it becomes effective. The new guidance is effective on January 1, 2017, subject to a tentative one-year deferral proposed by the FASB. Early adoption is currently not permitted but is subject to tentative changes proposed by the FASB. The guidance permits the use of either the retrospective or cumulative effect transition method. The Company is evaluating the effect that the guidance 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 guidance on its consolidated financial statements.
	In April 2014, the FASB issued new guidance which amends the requirements for reporting discontinued operations. Under the guidance, only disposals that represent a strategic shift that has (or will have) a major effect on the entity's results of operations would qualify as discontinued operations. In addition, the guidance expands the disclosure requirements for disposals that meet the definition of a discontinued operation and requires entities to disclose information about disposals of individually significant components. The provisions are effective in the first quarter of 2015, with early adoption permitted for any annual or interim period for which an entity's financial statements have not yet been made available for issuance. The Company adopted the guidance on January 1, 2015 and will apply the guidance prospectively to disposal activity occurring after January 1, 2015.

Summary_Of_Significant_Account2

Summary Of Significant Accounting Policies (Tables)	3 Months Ended
	Mar. 31, 2015
Accounting Policies [Abstract]
Schedule of Components of Income Tax Expense (Benefit)	For the three months ended March 31, 2015 and 2014, income tax expense is summarized as follows (in thousands):
		Three Months Ended March 31,
		2015				2014
	Current tax expense	$	(444	)		$	(219	)
	Deferred tax benefit	225				180
	Total income tax expense	$	(219	)		$	(39	)
Components Of Calculation Of Income (Loss) From Continuing Operations Attributable To SHR Common Shareholders	The following table sets forth the components of the calculation of net income attributable to SHR common shareholders used for determining per share amounts for the three months ended March 31, 2015 and 2014 (in thousands):
		Three Months Ended March 31,
		2015				2014
	Numerator - Basic:
	Income from continuing operations attributable to SHR	$	15,811			$	69,155
	Preferred shareholder dividends	—				(6,115		)
	Preferred stock redemption(a)	—				(3,709		)
	Undistributed earnings allocated to participating securities - basic	(37		)		(695		)
	Income from continuing operations attributable to SHR common shareholders - basic	15,774				58,636
	Discontinued operations attributable to SHR	—				157,827
	Net income attributable to SHR common shareholders - basic	$	15,774			$	216,463
	Numerator - Diluted:
	Income from continuing operations attributable to SHR common shareholders - basic	$	15,774			$	58,636
	Undistributed earnings allocated to participating securities - basic	37				695
	Undistributed earnings allocated to participating securities - diluted	(29		)		(647		)
	Adjustment for noncontrolling interests in consolidated affiliates (see note 5)	(3,281		)		(3,131		)
	Income from continuing operations attributable to SHR common shareholders - diluted	12,501				55,553
	Discontinued operations attributable to SHR	—				157,827
	Net income attributable to SHR common shareholders - diluted	$	12,501			$	213,380
	Denominator:
	Weighted average shares of common stock – basic (b)	273,831				206,983
	Effect of dilutive securities:
	Noncontrolling interests in consolidated affiliates (see note 5)	6,958				10,087
	Performance-based RSUs	2,003				2,298
	Weighted average shares of common stock - diluted	282,792				219,368
	(a) In March 2014, SHR publicly announced its intention to redeem all of the outstanding shares of its 8.50% Series A Cumulative Redeemable Preferred Stock (Series A Preferred Stock) on April 3, 2014. For purposes of calculating per share amounts for the three months ended March 31, 2014, the difference between the fair value of the Series A Preferred Stock and the carrying amount of the Series A Preferred Stock is an adjustment to net income attributable to SHR common shareholders.
	(b) Includes RSUs and performance-based RSUs of 1,115 and 1,302 at March 31, 2015 and 2014, respectively, that have vested but have not yet been issued to shares of common stock.
Anti-Dilutive Securities Not Included In The Computation Of Diluted Income (Loss) Per Share	Securities that could potentially dilute basic income per share in the future that are not included in the computation of diluted income per share because they are anti-dilutive as of March 31, 2015 and 2014 are as follows (in thousands):
		Computation For Three Months Ended March 31,
		2015			2014
	Noncontrolling interests in SHR's operating partnership	794			797
	RSUs	—			658
Components Of Accumulated Other Comprehensive Loss	The following tables provide the changes in accumulated OCL for the three-month periods ended March 31, 2015 and 2014 (in thousands):
		Derivative Activity				CTA			Accumulated OCL
	Balance at January 1, 2015	$	(10,898	)		$	(2,134	)	$	(13,032	)
	Other comprehensive loss before reclassifications	—				(135		)	(135		)
	Amounts reclassified from accumulated OCL	3,113				—			3,113
	Net other comprehensive income (loss)	3,113				(135		)	2,978
	Balance at March 31, 2015	$	(7,785	)		$	(2,269	)	$	(10,054	)
		Derivative Activity				CTA			Accumulated OCL
	Balance at January 1, 2014	$	(20,616	)		$	(20,829	)	$	(41,445	)
	Other comprehensive loss before reclassifications	(200		)		(111		)	(311		)
	Amounts reclassified from accumulated OCL	533				18,895			19,428
	Net other comprehensive income	333				18,784			19,117
	Balance at March 31, 2014	$	(20,283	)		$	(2,045	)	$	(22,328	)
Schedule Of Reclassification Of Accumulated Other Comprehensive Income Loss	The reclassifications out of accumulated OCL for the three months ended March 31, 2015 and 2014 are as follows (in thousands):
			Amounts Reclassified from Accumulated OCL
	Details about Accumulated OCL Components		2015				2014			Statement of Operations Line Item
	Activity related to cash flow hedges		$	3,113			$	533		Interest expense
	Activity related to CTA		$	—			$	18,895		Income from discontinued operations, net of tax

Investment_In_Hotel_Properties1

Investment In Hotel Properties, Net (Tables)	3 Months Ended
	Mar. 31, 2015
Property, Plant and Equipment [Abstract]
Summary Of Investment In Hotel Properties	The following summarizes the Company’s investment in hotel properties as of March 31, 2015 and December 31, 2014, excluding the leasehold interest in the Marriott Hamburg hotel and unconsolidated affiliates (in thousands):
			March 31,				December 31,
			2015				2014
	Land		$	996,667			$	858,670
	Leasehold interest		11,633				11,633
	Buildings		2,142,724				1,964,252
	Building and leasehold improvements		109,845				106,303
	Site improvements		63,204				59,038
	Furniture, fixtures and equipment		664,838				611,450
	Improvements in progress		12,605				21,552
	Total investment in hotel properties		4,001,516				3,632,898
	Less accumulated depreciation		(826,096		)		(804,498		)
	Total investment in hotel properties, net		$	3,175,420			$	2,828,400
	Consolidated hotel properties		17				16
Schedule of Purchase Price Allocation	The following is a summary of the allocation of the fair values for the Company's acquisitions (in thousands):
		Preliminary								Final
		Montage Laguna Beach				Four Seasons Resort Scottsdale at Troon North				Hotel del Coronado Venture		Fairmont Scottsdale Princess Venture
	Land	$	138,396			$	37,402			$	236,497	$	26,732
	Buildings	175,723				75,957				404,851		213,289
	Site improvements	4,166				7,175				6,677		16,037
	Furniture, fixtures and equipment	40,830				18,920				53,943		40,341
	Improvements in progress	—				—				1,749		151
	Intangible assets	1,666				554				87,710		9,859
	Below market debt discount	1,049				—				—		2,493
	Net working capital	(115		)		912				13,573		6,568
	Total fair value allocated	$	361,715			$	140,920			$	805,000	$	315,470
Finite-Lived and Indefinite-Lived Intangible Assets Acquired as Part of Business Combination [Table Text Block]	The allocation of fair value attributable to intangible assets acquired as part of these acquisitions include (in thousands):
		Amounts				Weighted-Average Amortization Period
	Intangible assets subject to amortization:
	Advanced bookings	$	9,045			1 year, 5 months
	Memberships value	5,973				30 years
	Below market ground lease	7,656				95 years, 9 months
	Below market hotel management agreement	18,822				9 years, 2 months
		41,496
	Intangible assets not subject to amortization:
	Trade name	58,293
	Total intangible assets acquired	$	99,789
Business Acquisition, Income Statement Impact [Table Text Block]	Pro Forma and Other Financial Information Related to Acquisition of Hotel
	The following pro forma and other financial information is provided for the acquisition of the Fairmont Scottsdale Princess Venture that was completed during the three months ended March 31, 2014, which had a material effect on the Company's results of operations.
	The impact to revenues and net income attributable to SHR common shareholders from this acquisition for the three months ended March 31, 2015 is as follows (in thousands):
			Three Months Ended March 31, 2015
	Increase in revenues		$	42,220
	Increase in net income attributable to SHR common shareholders		$	11,147
Business Acquisition, Pro Forma Information	The following unaudited pro forma information is provided for informational purposes only and does not purport to represent what the Company's results of operations would have been had it completed the acquisition on January 1, 2013, nor is it necessarily indicative of the results that may be expected in future periods. For purposes of the pro forma financial information, the $78,117,000 gain on the consolidation of affiliate recognized as a result of the acquisition of the Fairmont Scottsdale Princess Venture is assumed to have been recognized on January 1, 2013.
	On an unaudited pro forma basis, revenues, net income attributable to SHR common shareholders and basic and diluted income attributable to SHR common shareholders per share for the three months ended March 31, 2014 are as follows as if this acquisition had occurred on January 1, 2013 (in thousands):
			Three Months Ended March 31,
			2014
	Total revenue		$	229,661
	Net income		$	149,779
	Preferred shareholder dividends		$	(9,824	)
	Net income attributable to SHR common shareholders		$	143,428
	Net income attributable to SHR common shareholders per share:
	Basic		$	0.69
	Diluted		$	0.65

Discontinued_Operations_Tables

Discontinued Operations (Tables)	3 Months Ended
	Mar. 31, 2015
Discontinued Operations and Disposal Groups [Abstract]
Schedule Of Assets Sold [Table Text Block]	During the three months ended March 31, 2014, the Company sold the following hotels:
	Hotel		Location		Date Sold	Sales Proceeds			Gain on sale
	Four Seasons Punta Mita Resort and La Solana land parcel		Punta Mita, Mexico		28-Feb-14	$	206,867,000		$	63,879,000
	Marriott London Grosvenor Square		London, England		31-Mar-14	$	209,407,000	(a)	$	92,889,000
	(a) There was an outstanding balance of £67,301,000 ($112,150,000) on the mortgage loan secured by the Marriott London Grosvenor Square hotel, which was repaid at the time of closing. The net proceeds received by the Company were $97,257,000.
Schedule of Disposal Groups, Including Discontinued Operations, Income Statement, Balance Sheet and Additional Disclosures [Table Text Block]	The following is a summary of income from discontinued operations for the three months ended March 31, 2014 (in thousands):
		Three Months Ended March 31, 2014
	Hotel operating revenues	$	17,767
	Operating costs and expenses	11,485
	Depreciation and amortization	1,275
	Total operating costs and expenses	12,760
	Operating income	5,007
	Interest expense	(1,326		)
	Interest income	2
	Loss on early extinguishment of debt	(272		)
	Foreign currency exchange gain	32
	Income tax expense	(833		)
	Gain on sale, net of tax	155,825
	Income from discontinued operations	$	158,435

Investment_In_Unconsolidated_A1

Investment In Unconsolidated Affiliates (Tables)	3 Months Ended
	Mar. 31, 2015
Equity Method Investments and Joint Ventures [Abstract]
Investment In Unconsolidated Affiliates	Investment in unconsolidated affiliates as of March 31, 2015 and 2014 includes the following (in thousands):
		2015		2014
	Four Seasons RCPM	3,427		3,427
	Lot H5 Venture	19,423		19,423
	Total investment in unconsolidated affiliates	$	22,850	$	22,850

Indebtedness_Tables

Indebtedness (Tables)	3 Months Ended
	Mar. 31, 2015
Debt Disclosure [Abstract]
Mortgages and Other Debt Payable	Mortgages payable, net of discount, at March 31, 2015 and December 31, 2014 consisted of the following (in thousands):
							Balance Outstanding at
	Debt		Spread (a)		Initial Maturity	Maturity Including Extension Options	March 31, 2015			December 31, 2014
	Fairmont Scottsdale Princess(b)		0.36%		Apr-15	Apr-15	$	117,000		$	117,000
	Hotel del Coronado(c)		3.65%		Mar-16	Mar-18	475,000			475,000
	Loews Santa Monica Beach Hotel(d)		2.55%		May-17	May-21	120,000			120,000
	Fairmont Chicago		Fixed		Jun-17	Jun-17	93,124			93,124
	Westin St. Francis		Fixed		Jun-17	Jun-17	209,588			209,588
	Four Seasons Washington, D.C.(d)		2.25%		Jun-17	Jun-19	120,000			120,000
	Hyatt Regency La Jolla(e)		4.00%/Fixed		Dec-17	Dec-17	89,239			89,247
	JW Marriott Essex House Hotel(d)		2.95%		Jan-18	Jan-20	225,000			225,000
	InterContinental Chicago		Fixed		Aug-21	Aug-21	142,085			142,442
	Montage Laguna Beach(f)		Fixed		Aug-21	Aug-21	150,000			—
	InterContinental Miami		Fixed		Sep-24	Sep-24	115,000			115,000
	Total mortgages payable(g)						1,856,036			1,706,401
	Unamortized discount(b) (f)						(1,022		)	(623		)
	Total mortgages payable, net of discount						$	1,855,014		$	1,705,778
	(a)	Interest on mortgage loans is paid monthly at the applicable spread over London Interbank Offered Rate (LIBOR) (0.18% at March 31, 2015) for all variable-rate mortgage loans except for the Hyatt Regency La Jolla hotel (see (e) below). Interest on the Fairmont Chicago and Westin St. Francis mortgage loans is paid monthly at an annual fixed rate of 6.09%, interest on the InterContinental Chicago mortgage loan is paid monthly at an annual fixed rate of 5.61%, interest on the Montage Laguna Beach mortgage loan is paid monthly at an annual fixed rate of 3.90%, and interest on the InterContinental Miami mortgage loan is paid monthly at an annual fixed rate of 3.99%.
	(b)	On March 31, 2014, the Company acquired the remaining 50.0% equity interest in the Fairmont Scottsdale Princess Venture, resulting in the Fairmont Scottsdale Princess Venture becoming wholly-owned by the Company. In connection with the acquisition, the Company consolidated the Fairmont Scottsdale Princess Venture and became fully obligated under the entire outstanding balance of the mortgage loan secured by the Fairmont Scottsdale Princess hotel (see note 3). The Company recorded the mortgage loan at its fair value, which included a debt discount, which was being amortized as additional interest expense over the maturity period of the loan. On April 9, 2015, the Company repaid the entire balance outstanding on the mortgage loan (see note 16).
	(c)	On June 11, 2014, the Company acquired the remaining 63.6% equity interest in the Hotel del Coronado Venture, resulting in the Hotel del Coronado Venture becoming wholly-owned by the Company. In connection with the acquisition, the Company consolidated the Hotel del Coronado Venture and became fully obligated under the entire outstanding balance of the mortgage and mezzanine loans secured by the Hotel del Coronado (see note 3). The first of three extension options related to the mortgage and mezzanine loans was exercised in March 2015 leaving two, one-year extension options available, subject to certain conditions.
	(d)	The mortgage loan secured by the Loews Santa Monica Beach Hotel has four, one-year extension options, subject to certain conditions. The mortgage loans secured by the Four Seasons Washington, D.C. hotel and the JW Marriott Essex House Hotel each have two, one-year extension options, subject to certain conditions.
	(e)	Interest on $72,000,000 of the total principal amount is paid monthly at an annual rate of LIBOR plus 4.00%, subject to a 0.50% LIBOR floor, and interest on $17,239,000 of the total principal amount is paid monthly at an annual fixed rate of 10.00%. On April 21, 2015, the Company and its joint venture partner entered into an agreement to sell the property that secures this mortgage loan. The mortgage loan will be repaid when the transaction closes (see note 16).
	(f)	On January 29, 2015, the Company closed on the acquisition of the Montage Laguna Beach resort. In connection with the acquisition, the Company assumed the existing mortgage loan secured by the Montage Laguna Beach resort (see note 3). The Company recorded the mortgage loan at its fair value, which included a debt discount, which is being amortized as additional interest expense over the maturity period of the loan.
	(g)	All of these loan agreements require maintenance of financial covenants, all of which the Company was in compliance with at March 31, 2015.
Summary of Aggregate Maturities for Mortgagues and Other Debt Payable and Bank Credit Facility	The following table summarizes the aggregate maturities (assuming all extension options exercised) as of March 31, 2015 for all mortgages and the Company’s bank credit facility (in thousands):
	Years ending December 31,	Amounts
	2015 (remainder)	$	118,439
	2016	2,031
	2017	394,123
	2018	477,299
	2019	122,433
	Thereafter	741,711
		1,856,036
	Unamortized discount	(1,022		)
	Total	$	1,855,014

Equity_And_Distribution_Activi1

Equity And Distribution Activity (Tables)	3 Months Ended
	Mar. 31, 2015
Stockholders' Equity Note [Abstract]
Schedule Of Changes In Issued And Outstanding Shares	The following table presents the changes in the issued and outstanding shares of SHR common stock since December 31, 2014 (excluding 793,618 units of SH Funding (OP Units) outstanding at both March 31, 2015 and December 31, 2014, respectively, which are redeemable for shares of SHR common stock on a one-for-one basis, or the cash equivalent thereof, subject to certain restrictions and at the option of SHR) (in thousands):
	Outstanding at December 31, 2014	267,436
	RSUs and performance-based RSUs redeemed for shares of SHR common stock	530
	Common stock issued	7,348
	Outstanding at March 31, 2015	275,314
Reconciliation Of Equity Attributable To SHR And The Noncontrolling Owners	The following tables reflect the reconciliation of the beginning and ending balances of the equity attributable to SHR and the noncontrolling owners (in thousands):
			SHR Shareholders’ Equity			Nonredeemable Noncontrolling Interests			Total Permanent Shareholders’ Equity			Total Redeemable Noncontrolling Interests (Temporary Equity)(a)
	Balance at December 31, 2014		$	1,447,457		$	94,292		$	1,541,749		$	10,500
	Common shares issued		100,646			—			100,646			293
	Net income (loss)		15,811			(3,434		)	12,377			37
	CTA		(135		)	—			(135		)	—
	Derivative activity		3,105			—			3,105			8
	Share-based compensation		(723		)	—			(723		)	(2		)
	Preferred stock redemption		(7		)	—			(7		)	—
	Redemption value adjustment		984			—			984			(984		)
	Distributions to holders of noncontrolling interests in consolidated affiliates		—			(29,400		)	(29,400		)	—
	Other		(13		)	—			(13		)	13
	Balance at March 31, 2015		$	1,567,125		$	61,458		$	1,628,583		$	9,865
			SHR Shareholders’ Equity			Nonredeemable Noncontrolling Interests			Total Permanent Shareholders’ Equity			Total Redeemable Noncontrolling Interests (Temporary Equity)(a)
	Balance at December 31, 2013		$	710,513		$	92,355		$	802,868		$	7,534
	Net income (loss)		226,982			(4,041		)	222,941			849
	CTA		18,713			—			18,713			71
	Derivatives and other activity		331			—			331			2
	Share-based compensation		463			—			463			2
	Preferred stock redemption		(103,760		)	—			(103,760		)	—
	Declared distributions to preferred shareholders		(6,115		)	—			(6,115		)	—
	Redemption value adjustment		308			—			308			(308		)
	Contributions from holders of noncontrolling interests in consolidated affiliates		—			2,450			2,450			—
	Other		26			—			26			(26		)
	Balance at March 31, 2014		$	847,461		$	90,764		$	938,225		$	8,124
	(a)	The historical cost of the redeemable noncontrolling interests is based on the proportional relationship between the carrying value of equity associated with SHR’s common shareholders relative to that of the unitholders of SH Funding, as OP Units may be exchanged into shares of SHR common stock on a one-for-one basis. The interests held by the noncontrolling partners are stated at the greater of carrying value or their redemption value.

Derivatives_Tables

Derivatives (Tables)	3 Months Ended
	Mar. 31, 2015
Derivative Instruments, Gain (Loss) [Line Items]
Outstanding Interest Rate Derivatives	As of March 31, 2015, the Company had the following outstanding interest rate derivatives that were not designated as hedging instruments:
	Interest Rate Derivatives	Number of Instruments		Notional Amount
				(in thousands)
	Interest rate caps	10		$	1,429,000
Fair Value of Derivative Instruments	The table below presents the fair value of the Company’s derivative financial instruments as well as their classification on the condensed consolidated balance sheets as of March 31, 2015 and December 31, 2014 (in thousands):
				Fair Value as of
		Balance Sheet Location		March 31, 2015				December 31, 2014
	Derivatives not designated as hedging instruments:
	Interest rate caps	Prepaid expenses and other assets		$	42			$	113
Interest Rate Swap Liabilities	The following tables reflect changes in interest rate swap liabilities categorized as Level 2 for the three months ended March 31, 2014 (in thousands):
	Balance as of January 1, 2014	$	(27,921	)
	Mark to market adjustments	4,622
	Balance as of March 31, 2014	$	(23,299	)
Effect Of Derivative Instruments On The Statements Of Operations	The tables below present the effect of the Company’s derivative financial instruments on the condensed consolidated statements of operations for the three months ended March 31, 2015 and 2014 (in thousands):
		Three Months Ended March 31,
		2015				2014
	Derivatives in Cash Flow Hedging Relationships
	Interest rate swaps:
	Effective portion of loss recognized in accumulated OCL	$	—			$	(217	)
	Effective portion of loss reclassified into interest expense	$	(3,113	)		$	(3,199	)
	Derivatives Not Designated as Hedging Instruments
	Interest rate swaps:
	Ineffective losses recognized in interest expense	$	—			$	(92	)
	Interest rate caps:
	Loss recognized in other (expenses) income, net	$	(116	)		$	(23	)

General_Details

General (Details)	3 Months Ended
	Mar. 31, 2015
	Segment
Real Estate Properties [Line Items]
Number of hotels	18
Number of reportable segments	1
SH Funding [Member]
Real Estate Properties [Line Items]
Noncontrolling Interest, Ownership Percentage by Parent	99.70%

Summary_Of_Significant_Account3

Summary Of Significant Accounting Policies (Narrative) (Details) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2015	Dec. 31, 2014
Accounting Policies [Line Items]
Restricted cash and cash equivalents	$89,985	$81,510
Percentage of taxable income that company must distribute in order to qualify as a REIT	100.00%
Property And Equipment [Member]
Accounting Policies [Line Items]
Restricted cash and cash equivalents	44,868	37,486
Loan And Other Agreements [Member]
Accounting Policies [Line Items]
Restricted cash and cash equivalents	$45,117	$44,024
Hyatt Regency La Jolla Hotel [Member]
Accounting Policies [Line Items]
Noncontrolling Interest, Ownership Percentage by Parent	53.50%

Summary_Of_Significant_Account4

Summary Of Significant Accounting Policies (Schedule Of Income Tax (Expense) Benefit Related To Continuing Operations) (Details) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2015	Mar. 31, 2014
Income Tax Examination [Line Items]
Current tax expense	($444)	($219)
Deferred tax benefit	225	180
Total income tax expense	($219)	($39)

Summary_Of_Significant_Account5

Summary Of Significant Accounting Policies (Components Of Calculation Of Loss From Continuing Operations Attributable To SHR Common Shareholders) (Details) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2015	Mar. 31, 2014
Earnings Per Share [Line Items]
Income from continuing operations attributable to SHR	$15,811	$69,155
Preferred shareholder dividends	0	-6,115
Preferred Stock Redemption Premium	0	-3,709
Undistributed Earnings (Loss) Allocated to Participating Securities, Basic	-37	-695
Income Loss From Continuing Operations Attributable To Common Shareholders	15,774	58,636
Income from discontinued operations	0	157,827
Net income attributable to SHR common shareholders - basic	15,774	216,463
Undistributed earnings allocated to participating securities - basic addback	37	695
Undistributed Earnings (Loss) Allocated to Participating Securities, Diluted	-29	-647
Adjustment for noncontrolling interests in consolidated affiliates	-3,281	-3,131
Income from continuing operations attributable to SHR common shareholders - diluted	12,501	55,553
Income from discontinued operations	0	157,827
Net income loss attributable to common shareholders less undistributed earnings diluted	$12,501	$213,380
Weighted average shares of common stock – basic (b)	273,831	206,983
Noncontrolling interests in consolidated affiliates (see note 5)	6,958	10,087
Performance-based RSUs	2,003	2,298
Weighted average shares of common stock diluted	282,792	219,368
Share-based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other Than Options, Vested Not Yet Issued	1,115	1,302
8.50% Series A Cumulative Redeemable Preferred Stock
Earnings Per Share [Line Items]
Preferred stock, dividend rate, percentage	8.50%

Summary_Of_Significant_Account6

Summary Of Significant Accounting Policies (Anti-Dilutive Securities Not Included In The Computation Of Diluted Loss Per Share) (Details)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2015	Mar. 31, 2014
Noncontrolling Interest in Operating Partner [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Anti-dilutive securities excluded from computation of earnings per share	794	797
Options Restricted Stock Units And Value Creation Plan Units [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Anti-dilutive securities excluded from computation of earnings per share	0	658

Summary_Of_Significant_Account7

Summary Of Significant Accounting Policies (Components Of Accumulated Other Comprehensive Loss) (Details) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2015	Mar. 31, 2014
Derivatives and Other Activity AOCI [Roll Forward]
Derivative and Other Activity, Beginning Balance	($10,898)	($20,616)
Other comprehensive (loss) income before reclassifications - Derivatives	0	-200
Amounts reclassified from accumulated OCL - Derivatives	3,113	533
Net other comprehensive income (loss)	3,113	333
Derivative and Other Activity, Ending Balance	-7,785	-20,283
CTA AOCI [Roll Forward]
CTA, Beginning Balance	-2,134	-20,829
Other comprehensive (loss) income before reclassifications - CTA	-135	-111
Amounts reclassified from accumulated OCL - CTA	0	18,895
Net other comprehensive income (loss)	-135	18,784
CTA, Ending Balance	-2,269	-2,045
Accumulated other comprehensive income [Roll Forward]
Accumulated OCL, Beginning Balance	-13,032	-41,445
Other comprehensive (loss) income before reclassifications	-135	-311
Amounts reclassified from accumulated OCL	3,113	19,428
Other comprehensive income	2,978	19,117
Accumulated OCL, Ending Balance	-10,054	-22,328
Activity related to cash flow hedges	3,113	533
Activity related to CTA	$0	$18,895

Investment_In_Hotel_Properties2

Investment In Hotel Properties, Net (Details) (USD $)	Mar. 31, 2015	Dec. 31, 2014
In Thousands, unless otherwise specified	Property	Property
Investment in Hotel Properties, Net [Line Items]
Land	$996,667	$858,670
Leasehold interest	11,633	11,633
Buildings	2,142,724	1,964,252
Building and leasehold improvements	109,845	106,303
Site improvements	63,204	59,038
Furniture, fixtures and equipment	664,838	611,450
Improvements in progress	12,605	21,552
Total investment in hotel properties	4,001,516	3,632,898
Less accumulated depreciation	-826,096	-804,498
Total investment in hotel properties, net	$3,175,420	$2,828,400
Consolidated hotel properties	17	16

Recovered_Sheet1

Investment in Hotel Properties, Net, Business Acquisition (Details) (USD $)	3 Months Ended		1 Months Ended
In Thousands, except Share data, unless otherwise specified	Mar. 31, 2015	Mar. 31, 2014	Jan. 31, 2015	Dec. 31, 2014	Jun. 30, 2014	Mar. 31, 2014	Jun. 11, 2014
Business Acquisition [Line Items]
Loans Assumed	$148,951	$114,507
Payments to Acquire Real Estate	110,319	90,616
Montage Laguna Beach [Member]
Business Acquisition [Line Items]
Business Acquisition, Equity Interest Issued or Issuable, Number of Shares			7,347,539
Loans Assumed			150,000
Payments to Acquire Real Estate			110,319
Business Combination, Acquisition Related Costs	667	0
Four Seasons Resort Scottsdale at Troon North [Member]
Business Acquisition [Line Items]
Payments to Acquire Real Estate				140,920
Business Combination, Acquisition Related Costs	53	0
Hotel Del Coronado Venture [Member]
Business Acquisition [Line Items]
Payments to Acquire Real Estate					210,000
Business Combination, Acquisition Related Costs	0	0
Business Acquisition, Percentage of Voting Interests Acquired							63.60%
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Noncurrent Liabilities, Long-term Debt							475,000
Business Combination, Step Acquisition, Equity Interest in Acquiree, Remeasurement Gain					65,547
Business Combination, Step Acquisition, Equity Interest in Acquiree, Fair Value					120,000
Fairmont Scottsdale Princess Venture [Member]
Business Acquisition [Line Items]
Payments to Acquire Real Estate						90,616
Business Combination, Acquisition Related Costs	0	74
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Noncurrent Liabilities, Long-term Debt		117,000				117,000
Business Combination, Step Acquisition, Equity Interest in Acquiree, Remeasurement Gain						78,191
Business Combination, Step Acquisition, Equity Interest in Acquiree, Fair Value						$107,853

Recovered_Sheet2

Investment in Hotel Properties, Net, Business Acquisition, Purchase Price Allocation (Details) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2015	Dec. 31, 2014	Jan. 29, 2015	Dec. 09, 2014	Jun. 11, 2014	Mar. 31, 2014
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Intangible assets	$99,789
Below market debt discount	1,022	623
Finite-lived Intangible Assets Acquired	41,496
Montage Laguna Beach [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Land			138,396
Buildings			175,723
Business Acquisition, Purchase Price Allocation, Site Improvements			4,166
Furniture, fixtures and equipment			40,830
Improvements in progress			0
Intangible assets			1,666
Below market debt discount			1,049
Net working capital			-115
Total fair value allocated			361,715
Four Seasons Resort Scottsdale at Troon North [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Land				37,402
Buildings				75,957
Business Acquisition, Purchase Price Allocation, Site Improvements				7,175
Furniture, fixtures and equipment				18,920
Improvements in progress				0
Intangible assets				554
Below market debt discount				0
Net working capital				912
Total fair value allocated				140,920
Hotel Del Coronado Venture [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Land					236,497
Buildings					404,851
Site improvements					6,677
Furniture, fixtures and equipment					53,943
Improvements in progress					1,749
Intangible assets					87,710
Below market debt discount					0
Net working capital					13,573
Total fair value allocated					805,000
Fairmont Scottsdale Princess Venture [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Land						26,732
Buildings						213,289
Site improvements						16,037
Furniture, fixtures and equipment						40,341
Improvements in progress						151
Intangible assets						9,859
Below market debt discount						2,493
Net working capital						6,568
Total fair value allocated						315,470
Advanced Bookings [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Finite-lived Intangible Assets Acquired	9,045
Acquired Finite-lived Intangible Assets, Weighted Average Useful Life	1 year 5 months
Memberships Value [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Finite-lived Intangible Assets Acquired	5,973
Acquired Finite-lived Intangible Assets, Weighted Average Useful Life	30 years 0 months
Below Market Ground Lease [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Finite-lived Intangible Assets Acquired	7,656
Acquired Finite-lived Intangible Assets, Weighted Average Useful Life	95 years 9 months
Below Market HMA [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Finite-lived Intangible Assets Acquired	18,822
Acquired Finite-lived Intangible Assets, Weighted Average Useful Life	9 years 2 months
Trade Names [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Indefinite-lived Intangible Assets Acquired	$58,293

Recovered_Sheet3

Investment in Hotel Properties, Net, Business Acquisition, Income Statement Impact (Details) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2015
Business Combinations [Abstract]
Business Combination, Pro Forma Information, Revenue of Acquiree since Acquisition Date, Actual	$42,220
Business Combination, Pro Forma Information, Earnings or Loss of Acquiree since Acquisition Date, Actual	$11,147

Investment_in_Hotel_Properties3

Investment in Hotel Properties, Net, Business Acquisition, Pro Forma Income Statement (Details) (USD $)	3 Months Ended		1 Months Ended
In Thousands, except Per Share data, unless otherwise specified	Mar. 31, 2015	Mar. 31, 2014	Mar. 31, 2014
Business Acquisition, Pro Forma Information, Nonrecurring Adjustment [Line Items]
Total revenue		$229,661
Net income		149,779
Preferred shareholder dividends	0	-9,824
Net income attributable to SHR common shareholders		143,428
Basic		$0.69
Diluted		$0.65
Fairmont Scottsdale Princess Venture [Member]
Business Acquisition, Pro Forma Information, Nonrecurring Adjustment [Line Items]
Business Combination, Step Acquisition, Equity Interest in Acquiree, Remeasurement, Net			$78,117

Discontinued_Operations_Narrat

Discontinued Operations (Narrative) (Details)	3 Months Ended			12 Months Ended				12 Months Ended
	Mar. 31, 2015	Mar. 31, 2014	Dec. 31, 2014	Dec. 31, 2014	Dec. 31, 2014	Mar. 30, 2014	Mar. 30, 2014	Dec. 31, 2014
	USD ($)	USD ($)	USD ($)	Four Seasons Punta Mita [Member]	Marriott London Grosvenor Square [Member]	Marriott London Grosvenor Square [Member]	Marriott London Grosvenor Square [Member]	Beneficial Owner [Member]
				USD ($)	USD ($)	USD ($)	GBP (£)	USD ($)
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Proceeds from sales of assets	$0	$411,503,000			$209,407,000			$206,867,000
Gain on sale, net of tax		155,825,000		63,879,000	92,889,000
Secured Debt	1,855,014,000		1,705,778,000			112,150,000	67,301,000
Proceeds from sale of assets less loan repayment					$97,257,000

Discontinued_Operations_Summar

Discontinued Operations (Summary of Income from Discontinued Operations) (Details) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2015	Mar. 31, 2014
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Hotel operating revenues		$17,767
Operating costs and expenses		11,485
Depreciation and amortization		1,275
Total operating costs and expenses		12,760
Operating income		5,007
Interest expense		-1,326
Interest income		2
Loss on early extinguishment of debt		-272
Foreign currency exchange gain		32
Income tax expense		-833
Gain on sale, net of tax		155,825
Income from discontinued operations	$0	$158,435

Variable_Interest_Entity_Detai

Variable Interest Entity (Details) (J W Marriott Essex House [Member], USD $)	3 Months Ended		12 Months Ended
In Thousands, except Per Share data, unless otherwise specified	Mar. 31, 2015	Mar. 31, 2014	Dec. 31, 2012	Sep. 14, 2012
Schedule of Equity Method Investments [Line Items]
Investment Interest Rate				8.00%
Business Acquisition, Equity Interest Issued Or Issuable, Common Stock Price Per Share				7.5
Days Of Volume Weighted Average Price Per Share				20
Strategic Hotel Funding, L.L.C. [Member]
Schedule of Equity Method Investments [Line Items]
Payments to Acquire Interest in Joint Venture			$89,147
Noncontrolling Interest, Ownership Percentage by Parent				51.00%
Variable Interest Entity, Financial or Other Support, Amount		2,550
Distribution from Variable Interest Entity, Amount	30,600
K S L Capital Partners L L C [Member]
Schedule of Equity Method Investments [Line Items]
Payments to Acquire Interest in Joint Venture			85,651
Third Party Ownership Percentage In Joint Venture				49.00%
Variable Interest Entity, Financial or Other Support Other Investors, Amount		2,450
Distribution from Variable Interest Entity, Amount	$29,400

Investment_In_Unconsolidated_A2

Investment In Unconsolidated Affiliates (Investment In Unconsolidated Affiliates) (Details) (USD $)	3 Months Ended
	Mar. 31, 2015	Mar. 31, 2014	Dec. 31, 2014	Mar. 30, 2014	Jun. 11, 2014	Jun. 10, 2014
Schedule of Equity Method Investments [Line Items]
Total investment in unconsolidated affiliates	$22,850,000		$22,850,000
Asset management, development and financing fees	263,000	100,000
Four Seasons RCPM [Member]
Schedule of Equity Method Investments [Line Items]
Total investment in unconsolidated affiliates	3,427,000		3,427,000
Percentage of ownership in unconsolidated affiliate	31.00%
Asset management, development and financing fees	0	18,000
H5 Land Parcel [Member]
Schedule of Equity Method Investments [Line Items]
Total investment in unconsolidated affiliates	19,423,000		19,423,000
Distributions generated from property	12,000,000
Fairmont Scottsdale Princess Venture [Member]
Schedule of Equity Method Investments [Line Items]
Percentage of ownership in unconsolidated affiliate				50.00%
Asset management, development and financing fees	0	228,000
Business Acquisition, Percentage of Voting Interests Acquired		50.00%
Hotel Del Coronado Venture [Member]
Schedule of Equity Method Investments [Line Items]
Percentage of ownership in unconsolidated affiliate						36.40%
Asset management, development and financing fees	$0	$209,000
Business Acquisition, Percentage of Voting Interests Acquired					63.60%
Hotel Del Coronado Venture [Member]
Schedule of Equity Method Investments [Line Items]
Business Acquisition, Percentage of Voting Interests Acquired					63.60%

Operating_Lease_Agreements_Det

Operating Lease Agreements (Details)	3 Months Ended						3 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2015	Mar. 31, 2014	Mar. 31, 2015	Mar. 31, 2015	Mar. 31, 2014	Dec. 31, 2014	Mar. 31, 2015
	USD ($)	USD ($)	Marriott Hamburg [Member]	Marriott Hamburg [Member]	Marriott Hamburg [Member]	Marriott Hamburg [Member]	Fairmont Scottsdale Princess [Member]
			USD ($)	EUR (€)	USD ($)	USD ($)	USD ($)
Property Subject to or Available for Operating Lease [Line Items]
Recognized portion of deferred gain	$44	$53	$44		$53
Deferred gain on sale of hotels			2,684			2,933
Minimum rent payment			4,114	3,833
Security deposit			2,039			2,299
Operating Leases, Rent Expense, Minimum Rentals							$1,500

Indebtedness_Mortgages_And_Oth

Indebtedness (Mortgages And Other Debt Payable) (Details) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2015	Dec. 31, 2014	Jun. 11, 2014	Mar. 31, 2014
Debt Instrument [Line Items]
Mortgages payable, net of discount	$1,855,014	$1,705,778
Morgages payable	1,856,036
Unamortized discount	-1,022	-623
London Interbank Offered Rate (LIBOR) [Member]
Debt Instrument [Line Items]
reference rate on variable rate debt	0.18%
Fairmont Scottsdale Princess Venture [Member]
Debt Instrument [Line Items]
Spread (basis points)	0.36%
Debt Instrument, Maturity Date Range, Start	9-Apr-15
Debt Instrument, Maturity Date Range, End	9-Apr-15
Mortgages payable, net of discount	117,000	117,000
Hotel Del Coronado Venture [Member]
Debt Instrument [Line Items]
Spread (basis points)	3.65%
Debt Instrument, Maturity Date Range, Start	1-Mar-16
Debt Instrument, Maturity Date Range, End	1-Mar-18
Mortgages payable, net of discount	475,000	475,000
Mortgage loan extension period	two, one-year extension options
Loews Santa Monica Beach Hotel [Member]
Debt Instrument [Line Items]
Spread (basis points)	2.55%
Debt Instrument, Maturity Date Range, Start	29-May-17
Debt Instrument, Maturity Date Range, End	29-May-21
Mortgages payable, net of discount	120,000	120,000
Mortgage loan extension period	four, one-year extension options
Fairmont Chicago [Member]
Debt Instrument [Line Items]
Debt Instrument, Maturity Date Range, Start	1-Jun-17
Debt Instrument, Maturity Date Range, End	1-Jun-17
Mortgages payable, net of discount	93,124	93,124
Stated interest rate of notes	6.09%
Westin St Francis [Member]
Debt Instrument [Line Items]
Debt Instrument, Maturity Date Range, Start	1-Jun-17
Debt Instrument, Maturity Date Range, End	1-Jun-17
Mortgages payable, net of discount	209,588	209,588
Stated interest rate of notes	6.09%
Four Seasons Washington D C [Member]
Debt Instrument [Line Items]
Spread (basis points)	2.25%
Debt Instrument, Maturity Date Range, Start	30-Jun-17
Debt Instrument, Maturity Date Range, End	30-Jun-19
Mortgages payable, net of discount	120,000	120,000
Mortgage loan extension period	two, one-year extension options
Hyatt Regency La Jolla [Member]
Debt Instrument [Line Items]
Spread (basis points)	4.00%
Debt Instrument, Maturity Date Range, Start	1-Dec-17
Debt Instrument, Maturity Date Range, End	1-Dec-17
Mortgages payable, net of discount	89,239	89,247
J W Marriott Essex House [Member]
Debt Instrument [Line Items]
Spread (basis points)	2.95%
Debt Instrument, Maturity Date Range, Start	1-Jan-18
Debt Instrument, Maturity Date Range, End	1-Jan-20
Mortgages payable, net of discount	225,000	225,000
Mortgage loan extension period	two, one-year extension options
Inter Continental Chicago [Member]
Debt Instrument [Line Items]
Debt Instrument, Maturity Date Range, Start	1-Aug-21
Debt Instrument, Maturity Date Range, End	1-Aug-21
Mortgages payable, net of discount	142,085	142,442
Stated interest rate of notes	5.61%
Montage Laguna Beach [Member]
Debt Instrument [Line Items]
Debt Instrument, Maturity Date Range, Start	1-Aug-21
Debt Instrument, Maturity Date Range, End	1-Aug-21
Mortgages payable, net of discount	150,000	0
Stated interest rate of notes	3.90%
Inter Continental Miami [Member]
Debt Instrument [Line Items]
Debt Instrument, Maturity Date Range, Start	6-Sep-24
Debt Instrument, Maturity Date Range, End	6-Sep-24
Mortgages payable, net of discount	115,000	115,000
Stated interest rate of notes	3.99%
Mortgages payable [Member]
Debt Instrument [Line Items]
Mortgages payable, net of discount	1,855,014	1,705,778
Morgages payable	1,856,036	1,706,401
Hyatt Regency La Jolla Variable Debt [Member]
Debt Instrument [Line Items]
Spread (basis points)	4.00%
Mortgages payable, net of discount	72,000
LIBOR Floor	0.50%
Hyatt Regency La Jolla Fixed Debt [Member]
Debt Instrument [Line Items]
Mortgages payable, net of discount	17,239
Stated interest rate of notes	10.00%
Hotel Del Coronado Venture [Member]
Debt Instrument [Line Items]
Unamortized discount			0
Business Acquisition, Percentage of Voting Interests Acquired			63.60%
Fairmont Scottsdale Princess Venture [Member]
Debt Instrument [Line Items]
Unamortized discount				($2,493)
Hotel Del Coronado Venture [Member]
Debt Instrument [Line Items]
Business Acquisition, Percentage of Voting Interests Acquired			63.60%
Fairmont Scottsdale Princess Venture [Member]
Debt Instrument [Line Items]
Business Acquisition, Percentage of Voting Interests Acquired				50.00%

Indebtedness_Bank_Credit_Facil

Indebtedness (Bank Credit Facility) (Details) (USD $)	3 Months Ended
	Mar. 31, 2015
Line of Credit Facility [Line Items]
Long-term Line of Credit	$0
Letters of credit outstanding	0
Line of Credit [Member]
Line of Credit Facility [Line Items]
Credit facility agreement, maximum borrowing capacity	300,000,000
Line of Credit Borrowing Capacity With Accordion Feature	400,000,000
Additional Spread On Credit Facility	0.25%
Line of Credit Facility, Expiration Date	25-Apr-18
Loan Extension Fee, Basis Points	0.25%
Fixed Charge Coverage Ratio Threshold for Maximum Availability	1.75
Minimum Debt Service Coverage For Maximum Availability	1.4
Debt Constant For Maximum Availability	7.00%
Minimum Corporate Fixed Charge Coverage Ratio Year Two	1.4
Minimum Fixed Charge Coverage Ratio, After Year Two	1.5
Maximum Corporate Leverage Percentage	60.00%
Minimum Tangible Net Worth	1,416,189,000
Percentage Of Net Proceeds From Issuance Of Common Stock Required In Addition To Minimum Net Worth	75.00%
Letters Of Credit Maximum Capacity	75,000,000
Line of Credit Facility, Interest rate at Period End	2.18%
Line of Credit Facility, Current Borrowing Capacity	$300,000,000
Line of Credit [Member] | Maximum [Member]
Line of Credit Facility [Line Items]
Line of Credit Facility, Unused Capacity, Commitment Fee Percentage	0.30%
Advance Rate Against Gross Asset Value	60.00%
Line of Credit [Member] | Minimum [Member]
Line of Credit Facility [Line Items]
Line of Credit Facility, Unused Capacity, Commitment Fee Percentage	0.20%
Advance Rate Against Gross Asset Value	55.00%
Line of Credit [Member] | London Interbank Offered Rate (LIBOR) [Member] | Maximum [Member]
Line of Credit Facility [Line Items]
Spread (basis points)	2.50%
Line of Credit [Member] | London Interbank Offered Rate (LIBOR) [Member] | Minimum [Member]
Line of Credit Facility [Line Items]
Spread (basis points)	1.75%
Line of Credit [Member] | Base Rate [Member] | Maximum [Member]
Line of Credit Facility [Line Items]
Spread (basis points)	1.50%
Line of Credit [Member] | Base Rate [Member] | Minimum [Member]
Line of Credit Facility [Line Items]
Spread (basis points)	0.75%

Indebtedness_Debt_Maturity_Det

Indebtedness (Debt Maturity) (Details) (USD $)	Mar. 31, 2015	Dec. 31, 2014
In Thousands, unless otherwise specified
Debt Disclosure [Abstract]
2015 (remainder)	$118,439
2016	2,031
2017	394,123
2018	477,299
2019	122,433
Thereafter	741,711
Long-term Debt, Gross	1,856,036
Unamortized discount	-1,022	-623
Total	$1,855,014

Indebtedness_Interest_Expense_

Indebtedness (Interest Expense) (Details) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2015	Mar. 31, 2014
Debt Disclosure [Abstract]
Capitalized interest	$113	$228
Amortization of deferred financing costs	$895	$1,407

Equity_And_Distribution_Activi2

Equity And Distribution Activity (Narrative) (Details) (USD $)	3 Months Ended		1 Months Ended
	Mar. 31, 2015	Mar. 31, 2014	Jan. 31, 2015	Dec. 31, 2014	Jan. 05, 2015
Class of Stock [Line Items]
Stock Issued During Period, Shares, New Issues	7,348,000
Payments for Repurchase of Redeemable Preferred Stock	$90,391,000	$57,000
Distributions payable	0	2,277,000		104,000
Strategic Hotel Funding, L.L.C. [Member]
Class of Stock [Line Items]
Operating partnership units outstanding	793,618			793,618
Montage Laguna Beach [Member]
Class of Stock [Line Items]
Business Acquisition, Equity Interest Issued or Issuable, Number of Shares			7,347,539
Series B Preferred Stock [Member]
Class of Stock [Line Items]
Stock Redeemed or Called During Period, Shares			3,615,375
Preferred Stock, Liquidation Preference Per Share					$25
Payments for Repurchase of Redeemable Preferred Stock			90,384,000
Preferred Stock, Dividends, Per Share, Cash Paid			0.028646
Distributions payable					104,000
ATM Program [Member]
Class of Stock [Line Items]
Maximum Aggregate Offering Price Of Common Shares Available For Sale	$250,000,000
Stock Issued During Period, Shares, New Issues	0

Equity_And_Distribution_Activi3

Equity And Distribution Activity (Schedule Of Changes In Issued And Outstanding Shares) (Details)	3 Months Ended
	Mar. 31, 2015
Shares of common stock [Roll Forward]
Shares Outstanding, Beginning	267,436,000
Stock Issued During Period, Shares, New Issues	7,348,000
Shares Outstanding, Ending	275,314,000
Restricted Stock Units [Member]
Shares of common stock [Roll Forward]
RSUs and OP units redeemed for shares of SHR common stock	530,000

Equity_And_Distribution_Activi4

Equity And Distribution Activity (Effects of Changes in Company's Ownership Interests in Noncontrolling Affiliates) (Details) (USD $)	3 Months Ended
In Thousands, except Per Share data, unless otherwise specified	Mar. 31, 2015	Mar. 31, 2014	Dec. 31, 2014	Dec. 31, 2013	Jun. 10, 2014
Stockholders' Equity Attributable to Noncontrolling Interest [Roll Forward]
Beginning Balance	$1,541,749
Temporary Equity, Redemption Value	10,500
Net income (loss)	15,811	226,982
CTA	-135	18,784
Derivative activity	3,113	333
Temporary Equity, Redemption Value	9,865
Ending Balance	1,628,583
Temporary Equity, Redemption Price Per Share	$12.43	$10.19	$13.23	$9.45
SHR Shareholders' Equity [Member]
Stockholders' Equity Attributable to Noncontrolling Interest [Roll Forward]
Beginning Balance	1,447,457	710,513
Stock Issued During Period, Value, New Issues	100,646
Net income (loss)	15,811	226,982
CTA	-135	18,713
Derivative activity	3,105	331
Share-based compensation	-723	463
Preferred stock redemption	-7	-103,760
Declared distributions to preferred shareholders		-6,115
Redemption value adjustment	984	308
Contributions from holders of noncontrolling interests in consolidated affiliates		0
Noncontrolling Interest, Decrease from Distributions to Noncontrolling Interest Holders	0
Other	-13	26
Ending Balance	1,567,125	847,461
Nonredeemable Noncontrolling Interests [Member]
Stockholders' Equity Attributable to Noncontrolling Interest [Roll Forward]
Beginning Balance	94,292	92,355
Stock Issued During Period, Value, New Issues	0
Net income (loss)	-3,434	-4,041
CTA	0	0
Derivative activity	0	0
Share-based compensation	0	0
Preferred stock redemption	0	0
Declared distributions to preferred shareholders		0
Redemption value adjustment	0	0
Contributions from holders of noncontrolling interests in consolidated affiliates		2,450
Noncontrolling Interest, Decrease from Distributions to Noncontrolling Interest Holders	-29,400
Other	0	0
Ending Balance	61,458	90,764
Total Permanent Shareholders' Equity [Member]
Stockholders' Equity Attributable to Noncontrolling Interest [Roll Forward]
Beginning Balance	1,541,749	802,868
Stock Issued During Period, Value, New Issues	100,646
Net income (loss)	12,377	222,941
CTA	-135	18,713
Derivative activity	3,105	331
Share-based compensation	-723	463
Preferred stock redemption	-7	-103,760
Declared distributions to preferred shareholders		-6,115
Redemption value adjustment	984	308
Contributions from holders of noncontrolling interests in consolidated affiliates		2,450
Noncontrolling Interest, Decrease from Distributions to Noncontrolling Interest Holders	-29,400
Other	-13	26
Ending Balance	1,628,583	938,225
Total Redeemable Non Controlling Interests Temporary Equity [Member]
Stockholders' Equity Attributable to Noncontrolling Interest [Roll Forward]
Temporary Equity, Redemption Value	10,500	7,534
Stock Issued During Period, Value, New Issues	293
Net income (loss)	37	849
CTA	0	71
Derivative activity	8	2
Share-based compensation	-2	2
Preferred stock redemption	0	0
Declared distributions to preferred shareholders		0
Redemption value adjustment	-984	-308
Contributions from holders of noncontrolling interests in consolidated affiliates		0
Noncontrolling Interest, Decrease from Distributions to Noncontrolling Interest Holders	0
Other	13	-26
Temporary Equity, Redemption Value	$9,865	$8,124
Hotel Del Coronado Venture [Member]
Noncontrolling Interest [Line Items]
Equity Method Investment, Ownership Percentage					36.40%

Derivatives_Derivatives_In_Cas

Derivatives (Derivatives In Cash Flow Hedging Relationships) (Details) (USD $)	3 Months Ended	1 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2015	Apr. 30, 2014
Cash Flow Hedging [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Cash Flow Hedge Loss to be Reclassified within Twelve Months	$7,785
Designated as Hedging Instrument [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Interest Rate Swap Termination Costs		$17,428
Number Of Interest Rate Swaps Terminated		2

Derivatives_Derivatives_Not_De

Derivatives (Derivatives Not Designated As Hedging Instruments) (Details) (Not Designated as Hedging Instrument [Member], USD $)	1 Months Ended	3 Months Ended
In Thousands, unless otherwise specified	Apr. 30, 2014	Mar. 31, 2015	Dec. 31, 2014
Derivative Instruments, Gain (Loss) [Line Items]
Interest Rate Swap Termination Costs	$5,281
Number Of Interest Rate Swaps Terminated	2
Interest Rate Cap [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Number of Instruments		10
Derivative, Notional Amount		1,429,000	$1,429,000
Interest rate, fixed rate, lower range		2.05%
Interest rate, fixed rate, higher range		4.55%
Minimum [Member] | Interest Rate Cap [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Interest rate derivative instrument, maturity date		15-Apr-15
Maximum [Member] | Interest Rate Cap [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Interest rate derivative instrument, maturity date		1-Jul-17

Derivatives_Fair_Values_Of_Der

Derivatives (Fair Values Of Derivative Instruments) (Details) (Not Designated As Hedging Instruments [Member], Other Assets [Member], Interest Rate Cap [Member], USD $)	Mar. 31, 2015	Dec. 31, 2014
In Thousands, unless otherwise specified
Not Designated As Hedging Instruments [Member] | Other Assets [Member] | Interest Rate Cap [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Fair value - not designated as hedging instruments	$42	$113

Derivatives_Interest_Rate_Swap

Derivatives (Interest Rate Swap Liabilities) (Details) (Interest Rate Swaps [Member], USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2014
Interest Rate Swaps [Member]
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Interest rate swap fair value, Beginning balance	($27,921)
Impact Of Mark To Market Adjustments	4,622
Interest rate swap fair value, Ending balance	($23,299)

Derivatives_Effect_Of_Derivati

Derivatives (Effect Of Derivative Instruments On The Statements Of Operations) (Details) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2015	Mar. 31, 2014
Designated as Hedging Instrument [Member] | Interest Rate Swaps [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Effective portion of loss recognized in accumulated OCL	$0	($217)
Effective portion of loss reclassified into interest expense	-3,113	-3,199
Not Designated As Hedging Instruments [Member] | Interest Rate Swaps [Member]
Derivative Instruments, Gain (Loss) [Line Items]
(Loss) gain on interest rate derivatives not designated as heding instruments	0	-92
Not Designated As Hedging Instruments [Member] | Interest Rate Cap [Member]
Derivative Instruments, Gain (Loss) [Line Items]
(Loss) gain on interest rate derivatives not designated as heding instruments	($116)	($23)

ShareBased_Employee_Compensati1

Share-Based Employee Compensation Plans (Narrative) (Details) (USD $)	3 Months Ended		1 Months Ended
In Thousands, except Share data, unless otherwise specified	Mar. 31, 2015	Mar. 31, 2014	Feb. 28, 2014
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share based compensation expense	$1,884	$1,458
Restricted Stock Units [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Equity awards other than options granted in the period	234,113
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period	3 years
Unrecognized compensation expense	4,975
Weighted average recognition period (years) of unrecognized compensation expense	2 years 1 month 25 days
Performance-Based Restricted Stock Units [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Equity awards other than options granted in the period			322,285
Unrecognized compensation expense	$7,256
Weighted average recognition period (years) of unrecognized compensation expense	2 years 2 months 28 days
Performance-Based Restricted Stock Units [Member] | Minimum [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Percentage that recipient will earn for the target share awards	0.00%
Performance-Based Restricted Stock Units [Member] | Maximum [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Equity awards other than options granted in the period			644,570
Percentage that recipient will earn for the target share awards	200.00%
2004 Incentive Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares authorized for issuance	3,000,000
Amended And Restated 2004 Incentive Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares authorized for issuance	4,200,000
Maximum term for options and SARs	10 years
Second Amended And Restated 2004 Incentive Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares authorized for issuance	9,700,000

Related_Party_Transactions_Det

Related Party Transactions (Details) (USD $)	3 Months Ended		12 Months Ended
	Mar. 31, 2015	Mar. 31, 2014	Dec. 31, 2014	Feb. 28, 2014
Related Party Transaction [Line Items]
Proceeds from sales of assets	$0	$411,503,000
Beneficial Owner [Member]
Related Party Transaction [Line Items]
Proceeds from sales of assets			206,867,000
Beneficial stock ownership percentage				6.40%
Revenue from Related Parties	$46,000

Commitments_And_Contingencies_

Commitments And Contingencies (Details) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2015
Long-term Purchase Commitment [Line Items]
Outstanding letter of credit	$0
J W Marriott Essex House [Member]
Long-term Purchase Commitment [Line Items]
Purchase Commitments	638
Completion date of purchase commitments	7/31/15
Office Space Lease [Member]
Long-term Purchase Commitment [Line Items]
Outstanding letter of credit	$75

Commitments_And_Contingencies_1

Commitments And Contingencies (Unrecorded Unconditional Purchase Obligation) (Details) (Capital Addition Purchase Commitments [Member], USD $)	Mar. 31, 2015
In Thousands, unless otherwise specified
Capital Addition Purchase Commitments [Member]
Unrecorded Unconditional Purchase Obligation [Line Items]
Unrecorded Unconditional Purchase Obligation, Due in Next Rolling Twelve Months	$9,504

Fair_Value_Of_Financial_Instru1

Fair Value Of Financial Instruments (Details) (USD $)	Mar. 31, 2015	Dec. 31, 2014
In Thousands, unless otherwise specified
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Long-term Debt, Fair Value	$1,883,000	$1,726,000

Management_Agreements_Details

Management Agreements (Details) (USD $)	3 Months Ended		30 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2015	Mar. 31, 2014	Mar. 31, 2015	Sep. 14, 2012
Revenue related to Performance Guarantee			$20,000
Performance guarantee recorded as deferred revenue	8,970		8,970
Essex House performance gurarantee maximum				40,000
Performance Guarantee Threshold				20,000
Asset management fees	$263	$100

Subsequent_Events_Details

Subsequent Events (Details) (USD $)	3 Months Ended		1 Months Ended	2 Months Ended
	Mar. 31, 2015	Mar. 31, 2014	Apr. 30, 2015	Jun. 30, 2015	Apr. 21, 2015
Subsequent Event [Line Items]
Repayments of Secured Debt	$365,000	$117,697,000
Fairmont Scottsdale Princess Venture [Member] | Subsequent Event [Member]
Subsequent Event [Line Items]
Repayments of Secured Debt			117,000,000
Four Seasons Hotel Austin [Member] | Subsequent Event [Member]
Subsequent Event [Line Items]
Business Combination, Consideration Transferred				197,000,000
Hyatt Regency La Jolla [Member] | Subsequent Event [Member]
Subsequent Event [Line Items]
Contract Price of Disposition					$118,000,000