Strategic Hotels & Resorts (BEE+C) 10-Q 6 Aug 15 2015 Q2 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - shares	6 Months Ended
	Jun. 30, 2015	Aug. 05, 2015
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	1,057,436
Current Fiscal Year End Date	--12-31
Entity Filer Category	Large Accelerated Filer
Document Type	10-Q
Document Period End Date	Jun. 30, 2015
Document Fiscal Year Focus	2,015
Document Fiscal Period Focus	Q2
Amendment Flag	false
Entity Common Stock, Shares Outstanding		275,494,707

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Jun. 30, 2015	Dec. 31, 2014
Assets
Investment in hotel properties, net	$ 3,276,411	$ 2,828,400
Goodwill	21,629	38,128
Intangible assets, net of accumulated amortization	93,936	94,324
Investment in unconsolidated affiliates	22,850	22,850
Cash and cash equivalents	98,586	442,613
Restricted cash and cash equivalents	77,790	81,510
Accounts receivable, net of allowance for doubtful accounts	71,486	51,382
Deferred financing costs, net of accumulated amortization	14,580	11,440
Deferred tax assets	1,419	1,729
Prepaid expenses and other assets	56,727	46,781
Total assets	3,735,414	3,619,157
Liabilities, Noncontrolling Interests and Equity
Mortgages payable, net of discount	1,460,637	1,705,778
Credit facility, including an unsecured term loan of $300,000 and $0	344,000	0
Accounts payable and accrued expenses	234,306	224,505
Preferred stock redemption liability	0	90,384
Distributions payable	0	104
Deferred tax liabilities	46,117	46,137
Total liabilities	$ 2,085,060	$ 2,066,908
Commitments and contingencies (see note 14)
Redeemable Noncontrolling Interest, Equity, Redemption Value	$ 9,619	$ 10,500
Equity:
Common stock ($0.01 par value per share; 350,000,000 shares of common stock authorized; 275,494,707 and 267,435,799 shares of common stock issued and outstanding)	2,755	2,674
Additional paid-in capital	2,451,209	2,348,284
Accumulated deficit	(867,960)	(890,469)
Accumulated other comprehensive loss	(7,586)	(13,032)
Total SHR’s shareholders’ equity	1,578,418	1,447,457
Noncontrolling interests in consolidated affiliates	62,317	94,292
Total equity	1,640,735	1,541,749
Total liabilities, noncontrolling interests and equity	3,735,414	3,619,157
J W Marriott Essex House [Member]
Assets
Investment in hotel properties, net	332,134	336,243
Cash and cash equivalents	8,114	62,064
Restricted cash and cash equivalents	3,090	3,746
Accounts receivable, net of allowance for doubtful accounts	5,038	4,920
Deferred financing costs, net of accumulated amortization	3,294	3,899
Prepaid expenses and other assets	14,989	14,603
Liabilities, Noncontrolling Interests and Equity
Mortgages payable, net of discount	225,000	225,000
Accounts payable and accrued expenses	$ 17,693	$ 10,228

Condensed Consolidated Balance3

Condensed Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Jun. 30, 2015	Dec. 31, 2014
Intangible assets, accumulated amortization	$ 11,783	$ 7,288
Accounts receivable, allowance for doubtful accounts	688	492
Deferred financing costs, accumulated amortization	8,203	7,814
Credit facility, unsecured term loan	$ 344,000	$ 0
Common shares, par value	$ 0.01	$ 0.01
Common shares, shares authorized	350,000,000	350,000,000
Common shares, shares issued	275,494,707	267,435,799
Common shares, shares outstanding	275,494,707	267,435,799
J W Marriott Essex House [Member]
Accounts receivable, allowance for doubtful accounts	$ 49	$ 49
Deferred financing costs, accumulated amortization	659	0
Unsecured Term Loan [Member]
Credit facility, unsecured term loan	$ 300,000	$ 0

Condensed Consolidated Statemen

Condensed Consolidated Statements Of Operations - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Revenues:
Rooms	$ 186,377	$ 148,874	$ 349,241	$ 251,974
Food and beverage	134,523	100,028	257,992	170,045
Other hotel operating revenue	34,989	25,942	72,896	46,181
Lease revenue	1,013	1,319	2,044	2,618
Total revenues	356,902	276,163	682,173	470,818
Operating Costs and Expenses:
Rooms	51,072	41,268	98,937	74,975
Food and beverage	88,245	67,077	171,319	121,680
Other departmental expenses	86,626	66,238	171,350	119,817
Management fees	12,423	9,241	23,862	15,019
Other hotel expenses	19,842	15,572	35,455	31,250
Lease expense	1,017	1,260	2,051	2,518
Depreciation and amortization	40,331	28,058	77,995	50,263
Asset Impairment Charges	10,401	0	10,401	0
Corporate expenses	6,441	7,198	14,709	14,391
Total operating costs and expenses	316,398	235,912	606,079	429,913
Operating income	40,504	40,251	76,094	40,905
Interest expense	(20,709)	(19,587)	(43,494)	(37,861)
Interest income	16	50	117	77
Loss on early extinguishment of debt	(34,211)	0	(34,211)	0
Equity in earnings of unconsolidated affiliates	0	826	0	5,271
Foreign currency exchange gain (loss)	40	(8)	(76)	(6)
Gain on consolidation of affiliates	0	65,349	0	143,466
Other income, net	40,465	795	40,308	1,218
Income before income taxes and discontinued operations	26,105	87,676	38,738	153,070
Income tax expense	(2,452)	(207)	(2,671)	(246)
Income from continuing operations	23,653	87,469	36,067	152,824
Income from discontinued operations, net of tax	0	604	0	159,039
Net Income	23,653	88,073	36,067	311,863
Net income attributable to the noncontrolling interests in SHR’s operating partnership	(67)	(281)	(104)	(1,130)
Net (income) loss attributable to the noncontrolling interests in consolidated affiliates	(16,888)	217	(13,454)	4,258
Net Income Attributable to SHR	6,698	88,009	22,509	314,991
Preferred Stock Dividends and Other Adjustments	0	(7,169)	0	(16,993)
Net Income (Loss) Available to Common Stockholders, Basic	6,698	80,840	22,509	297,998
Amounts Attributable to SHR:
Income from continuing operations	6,698	87,405	22,509	156,560
Income from discontinued operations	0	604	0	158,431
Net Income Attributable to SHR	$ 6,698	$ 88,009	$ 22,509	$ 314,991
Basic Income Per Common Share:
Income from continuing operations attributable to SHR common shareholders	$ 0.02	$ 0.36	$ 0.08	$ 0.65
Income from discontinued operations attributable to SHR common shareholders	0	0	0	0.74
Net income attributable to SHR common shareholders	$ 0.02	$ 0.36	$ 0.08	$ 1.39
Weighted average shares of common stock outstanding	276,380	222,013	275,056	214,450
Diluted Income Per Common Share:
Income from continuing operations attributable to SHR common shareholders	$ 0.02	$ 0.35	$ 0.07	$ 0.60
Income from discontinued operations attributable to SHR common shareholders	0	0	0	0.70
Net income attributable to SHR common shareholders	$ 0.02	$ 0.35	$ 0.07	$ 1.30
Weighted average shares of common stock outstanding	278,383	233,463	284,208	225,900

Condensed Consolidated Stateme5

Condensed Consolidated Statements Of Comprehensive Income (Loss) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Net Income	$ 23,653	$ 88,073	$ 36,067	$ 311,863
Other comprehensive income:
Foreign currency exchange translation adjustments	9	(5)	(126)	18,779
Reclassification of amounts from accumulated other comprehensive loss to net income and effective portion of mark to market adjustments related to cash flow hedges	2,459	3,157	5,572	3,490
Other comprehensive income	2,468	3,152	5,446	22,269
Comprehensive Income	26,121	91,225	41,513	334,132
Comprehensive income attributable to the noncontrolling interests in SHR’s operating partnership	(75)	(291)	(120)	(1,213)
Comprehensive (income) loss attributable to the noncontrolling interests in consolidated affiliates	(16,888)	217	(13,454)	4,258
Comprehensive Income Attributable to SHR	$ 9,158	$ 91,151	$ 27,939	$ 337,177

Condensed Consolidated Stateme6

Condensed Consolidated Statements Of Cash Flows - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014
Operating Activities:
Net Income	$ 36,067	$ 311,863
Adjustments to reconcile net income to net cash provided by operating activities (including discontinued operations):
Deferred income tax expense	309	272
Depreciation and amortization	77,995	51,538
Amortization of deferred financing and other costs	9,109	6,549
Non-cash impairment losses	10,401	0
Loss on early extinguishment of debt	1,212	272
Equity in earnings of unconsolidated affiliates	0	(5,271)
Share-based compensation	3,740	2,850
Gain on consolidation of affiliate	0	(143,466)
Gain on disposal of assets, net of tax	(40,613)	(156,429)
Income tax on sale of assets	0	(20,451)
Foreign currency exchange loss (gain)	76	(26)
Recognition of deferred gains	(87)	(107)
Mark to market of derivative financial instruments	146	(3,054)
Increase in accounts receivable	(16,371)	(8,808)
Increase in prepaid expenses and other assets	(6,746)	(7,449)
Decrease in accounts payable and accrued expenses	(1,167)	(4,679)
Net cash provided by operating activities	74,071	23,604
Investing Activities:
Acquisition of hotel and other investments	(306,579)	(300,616)
Proceeds from sales of assets	118,293	411,503
Cash received from unconsolidated affiliates	0	2,221
Unrestricted cash sold	(2,226)	(15,634)
Unrestricted cash acquired	8,868	22,160
Capital expenditures	(45,679)	(35,619)
Decrease in restricted cash and cash equivalents	756	5,371
Net cash (used in) provided by investing activities	(226,567)	89,386
Financing Activities:
Proceeds from Issuance of Common Stock	0	434,700
Payments of Stock Issuance Costs	(499)	(17,947)
Payments for Repurchase of Redeemable Preferred Stock	(90,391)	(103,788)
Borrowings under bank credit facility	535,000	123,000
Payments on bank credit facility	(191,000)	(233,000)
Proceeds from mortgages	115,000	12,000
Payments on mortgages	(509,782)	(130,133)
Contributions from holders of noncontrolling interests in consolidated affiliates	0	2,450
Payments of Financing Costs	(6,179)	(4,199)
Interest Rate Swap Termination Costs	0	(22,325)
Distributions to preferred shareholders	(104)	(9,953)
Payments of Ordinary Dividends, Noncontrolling Interest	(40,801)	(7)
Other financing activities	(2,609)	(989)
Net cash (used in) provided by financing activities	(191,365)	49,809
Effect of exchange rate changes on cash	(166)	111
Net change in cash and cash equivalents	(344,027)	162,910
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	98,586	245,468
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	589,507
Gain on mark to market of derivative instruments (see note 11)	0	(2,781)
Preferred stock redemption accrual	0	95,693
Dividends Payable	0	128
Decrease in capital expenditures recorded as liabilities	(783)	(1,647)
Cash Paid For:
Interest, net of interest capitalized	34,977	36,779
Income taxes, net of refunds	$ 2,545	$ 21,706

General

General	6 Months Ended
	Jun. 30, 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 June 30, 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 June 30, 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 June 30, 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 (c) 3. Four Seasons Hotel Austin 12. Loews Santa Monica Beach Hotel 4. Four Seasons Jackson Hole 13. Marriott Hamburg (d) 5. Four Seasons Resort Scottsdale at Troon North 14. Marriott Lincolnshire Resort (e) 6. Four Seasons Silicon Valley 15. Montage Laguna Beach 7. Four Seasons Washington, D.C. 16. Ritz-Carlton Half Moon Bay 8. Hotel del Coronado (b) 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 7). 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 7). 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, 6 and 17). (d) The Company has a leasehold interest in this property. On May 7, 2015, the Company entered into an agreement with an unaffiliated third party, whereby the Company agreed to transfer its leasehold interests in this property to such unaffiliated third party. When the transaction closes, the Company will be released from all obligations under the lease arrangements. The transaction is expected to close in the third quarter of 2015. (e) This property is subject to a ground lease arrangement.

Summary Of Significant Accounti

Summary Of Significant Accounting Policies	6 Months Ended
	Jun. 30, 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 June 30, 2015 , SH Funding consolidated one VIE, the entity that owns the JW Marriott Essex House Hotel (see note 6). For entities that are not considered VIEs, SH Funding consolidates those entities it controls. It accounts for those entities over which it has a significant influence but does not control using the equity method of accounting. At June 30, 2015 , SH Funding owned interests in the Four Seasons Residence Club Punta Mita (Four Seasons RCPM) and the Lot H5 Venture (see note 7), which are unconsolidated affiliates in the accompanying unaudited 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 June 30, 2015 and December 31, 2014 , restricted cash and cash equivalents included $47,660 ,000 and $37,486 ,000, respectively, that will be used for property and equipment replacement in accordance with hotel management agreements. At June 30, 2015 and December 31, 2014 , restricted cash and cash equivalents also included reserves of $30,130 ,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 and six months ended June 30, 2015 and 2014 , income tax expense is summarized as follows (in thousands): Three Months Ended June 30, Six Months Ended June 30, 2015 2014 2015 2014 Current tax expense $ (1,918 ) $ (480 ) $ (2,362 ) $ (699 ) Deferred tax (expense) benefit (534 ) 273 (309 ) 453 Total income tax expense $ (2,452 ) $ (207 ) $ (2,671 ) $ (246 ) 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 and six months ended June 30, 2015 and 2014 (in thousands): Three Months Ended June 30, Six Months Ended June 30, 2015 2014 2015 2014 Numerator - Basic: Income from continuing operations attributable to SHR $ 6,698 $ 87,405 $ 22,509 $ 156,560 Preferred shareholder dividends — (3,966 ) — (10,081 ) Preferred stock redemption(a) — (3,203 ) — (6,912 ) Undistributed earnings allocated to participating securities - basic (16 ) (283 ) (58 ) (1,030 ) Income from continuing operations attributable to SHR common shareholders - basic 6,682 79,953 22,451 138,537 Discontinued operations attributable to SHR — 604 — 158,431 Net income attributable to SHR common shareholders - basic $ 6,682 $ 80,557 $ 22,451 $ 296,968 Numerator - Diluted: Income from continuing operations attributable to SHR common shareholders - basic $ 6,682 $ 79,953 $ 22,451 $ 138,537 Undistributed earnings allocated to participating securities - basic 16 283 58 1,030 Undistributed earnings allocated to participating securities - diluted (16 ) (270 ) (48 ) (969 ) Adjustment for noncontrolling interests in consolidated affiliates (see note 6) — 244 (2,958 ) (2,887 ) Income from continuing operations attributable to SHR common shareholders - diluted 6,682 80,210 19,503 135,711 Discontinued operations attributable to SHR — 604 — 158,431 Net income attributable to SHR common shareholders - diluted $ 6,682 $ 80,814 $ 19,503 $ 294,142 Denominator: Weighted average shares of common stock – basic (b) 276,380 222,013 275,056 214,450 Effect of dilutive securities: Noncontrolling interests in consolidated affiliates (see note 6) — 9,235 7,149 9,235 Performance-based RSUs 2,003 2,215 2,003 2,215 Weighted average shares of common stock - diluted 278,383 233,463 284,208 225,900 (a) In April 2014, SHR redeemed all of the outstanding shares of its 8.50% Series A Cumulative Redeemable Preferred Stock (Series A Preferred Stock). In June 2014, SHR publicly announced its intention to redeem all of the outstanding shares of its 8.25% Series C Cumulative Redeemable Preferred Stock (Series C Preferred Stock) on July 3, 2014. For purposes of calculating per share amounts for the three and six months ended June 30, 2014, the difference between the fair value of the Series A Preferred Stock and the Series C Preferred Stock and the carrying amount of the Series A Preferred Stock and the Series C Preferred Stock is an adjustment to net income attributable to SHR common shareholders. (b) Includes RSUs and performance-based RSUs of 1,002 and 1,123 at June 30, 2015 and 2014 , respectively, that have vested but have not yet been issued to shares of SHR 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 June 30, 2015 and 2014 are as follows (in thousands): Computation For Three Months Ended June 30, Computation For Six Months Ended June 30, 2015 2014 2015 2014 Noncontrolling interests in SHR's operating partnership 794 797 794 797 Noncontrolling interests in consolidated affiliates 7,149 — — — 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 June 30, 2015 and 2014 (in thousands): Derivative Activity CTA Accumulated OCL Balance at March 31, 2015 $ (7,785 ) $ (2,269 ) $ (10,054 ) Other comprehensive income before reclassifications — 9 9 Amounts reclassified from accumulated OCL 2,459 — 2,459 Net other comprehensive income 2,459 9 2,468 Balance at June 30, 2015 $ (5,326 ) $ (2,260 ) $ (7,586 ) Derivative Activity CTA Accumulated OCL Balance at March 31, 2014 $ (20,283 ) $ (2,045 ) $ (22,328 ) Other comprehensive loss before reclassifications (141 ) (5 ) (146 ) Amounts reclassified from accumulated OCL 3,298 — 3,298 Net other comprehensive income (loss) 3,157 (5 ) 3,152 Balance at June 30, 2014 $ (17,126 ) $ (2,050 ) $ (19,176 ) The following tables provide the changes in accumulated OCL for the six -month periods ended June 30, 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 — (126 ) (126 ) Amounts reclassified from accumulated OCL 5,572 — 5,572 Net other comprehensive income (loss) 5,572 (126 ) 5,446 Balance at June 30, 2015 $ (5,326 ) $ (2,260 ) $ (7,586 ) Derivative Activity CTA Accumulated OCL Balance at January 1, 2014 $ (20,616 ) $ (20,829 ) $ (41,445 ) Other comprehensive loss before reclassifications (341 ) (116 ) (457 ) Amounts reclassified from accumulated OCL 3,831 18,895 22,726 Net other comprehensive income 3,490 18,779 22,269 Balance at June 30, 2014 $ (17,126 ) $ (2,050 ) $ (19,176 ) The reclassifications out of accumulated OCL for the three and six months ended June 30, 2015 and 2014 are as follows (in thousands): Amounts Reclassified from Accumulated OCL Three Months Ended June 30, Six Months Ended June 30, Details about Accumulated OCL Components 2015 2014 2015 2014 Statement of Operations Line Item Activity related to cash flow hedges $ 2,459 $ 3,298 $ 5,572 $ 3,831 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, 2018 with early adoption permitted on January 1, 2017. 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 became 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	6 Months Ended
	Jun. 30, 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 June 30, 2015 and December 31, 2014 , excluding the leasehold interest in the Marriott Hamburg hotel and unconsolidated affiliates (in thousands): June 30, December 31, Land $ 1,010,756 $ 858,670 Leasehold interest 7,796 11,633 Buildings 2,205,545 1,964,252 Building and leasehold improvements 109,517 106,303 Site improvements 61,242 59,038 Furniture, fixtures and equipment 662,596 611,450 Improvements in progress 21,256 21,552 Total investment in hotel properties 4,078,708 3,632,898 Less accumulated depreciation (802,297 ) (804,498 ) Total investment in hotel properties, net $ 3,276,411 $ 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. Four Seasons Hotel Austin On May 12, 2015, the Company acquired the Four Seasons Hotel Austin for a cash payment of approximately $196,260 ,000, which includes net working capital prorations. For the six months ended June 30, 2015 and 2014 , the Company incurred acquisition costs related to the Four Seasons Hotel Austin of $307 ,000 and $0 , respectively, that are included in corporate expenses on the condensed consolidated statements of operations. 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 affiliated designee 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 net working capital prorations. For the six months ended June 30, 2015 and 2014 , the Company incurred acquisition costs related to the Montage Laguna Beach resort of $702 ,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 prorations. For the six months ended June 30, 2015 and 2014 , the Company incurred acquisition costs related to the Four Seasons Resort Scottsdale at Troon North of $57 ,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 7) 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 secured by the Hotel del Coronado. 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 in the condensed consolidated statement of operations for the six months ended June 30, 2014 , 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 six months ended June 30, 2015 and 2014 , the Company incurred acquisition costs related to the Hotel del Coronado Venture of $0 and $172 ,000, respectively, which were recorded as an offset to gain on consolidation of affiliates in the condensed consolidated statements of operations. Fairmont Scottsdale Princess Hotel On March 31, 2014, the Company closed on the acquisition of the 50% 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 7) for a cash payment of $90,616 ,000. Additionally, the Company became fully obligated under the entire $117,000 ,000 mortgage loan outstanding secured by the Fairmont Scottsdale Princess hotel, which was repaid in full on April 9, 2015. 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 six months ended June 30, 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 six months ended June 30, 2015 and 2014 , the Company incurred acquisition costs related to the the Fairmont Scottsdale Princess Venture of $0 and $100 ,000, respectively, which were recorded as an offset to gain on consolidation of affiliates in 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 Four Seasons Hotel Austin Montage Laguna Beach Four Seasons Resort Scottsdale at Troon North Hotel del Coronado Venture Fairmont Scottsdale Princess Venture Land $ 26,892 $ 138,396 $ 37,696 $ 236,497 $ 26,732 Buildings 138,647 175,723 75,740 404,851 213,289 Site improvements 513 4,166 7,154 6,677 16,037 Furniture, fixtures and equipment 28,227 40,830 18,866 53,943 40,341 Improvements in progress — — — 1,749 151 Intangible assets 2,443 1,666 552 87,710 9,859 Below market debt discount — 1,049 — — 2,493 Net working capital (462 ) (115 ) 912 13,573 6,568 Total fair value allocated $ 196,260 $ 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 $ 10,049 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 Parking garage easement 1,437 39 years 43,937 Intangible assets not subject to amortization: Trade name 58,293 Total intangible assets acquired $ 102,230 Pro Forma and Other Financial Information Related to Acquisition of Hotels The following pro forma and other financial information is provided for the acquisitions of the Fairmont Scottsdale Princess Venture and the Hotel del Coronado Venture that were completed during the six months ended June 30, 2014 , which each had a material effect on the Company's results of operations. The impact to revenues and net income attributable to SHR common shareholders from these acquisitions for the three and six months ended June 30, 2015 and 2014 , is as follows (in thousands): Three Months Ended June 30, Six Months Ended June 30, 2015 2014 2015 2014 Increase in revenues $ 69,814 $ 37,993 $ 149,244 $ 37,993 Increase in net income attributable to SHR common shareholders $ 4,343 $ 3,475 $ 18,655 $ 3,475 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 acquisitions 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, 20,000,000 shares of SHR common stock (a portion of the shares issued in an underwritten public offering of common stock that was completed in June 2014) are reflected as if the offering occurred on January 1, 2013 because these shares relate directly to the acquisition of the Hotel del Coronado Venture. No adjustments were made to the pro forma financial information for the remaining shares of SHR common stock issued in June 2014 because they did not relate directly to the acquisitions. Additionally, for purposes of the pro forma financial information, the gains on the consolidation of affiliates recognized as a result of the acquisitions of the Hotel del Coronado Venture and the Fairmont Scottsdale Princess Venture are 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 and six months ended June 30, 2014 are as follows as if these acquisitions had occurred on January 1, 2013 (in thousands): Three Months Ended June 30, Six Months Ended June 30, 2014 2014 Total revenue $ 309,985 $ 573,686 Net income $ 22,548 $ 166,356 Preferred shareholder dividends $ (7,169 ) $ (16,993 ) Net income attributable to SHR common shareholders $ 15,524 $ 152,597 Net income attributable to SHR common shareholders per share: Basic $ 0.07 $ 0.66 Diluted $ 0.06 $ 0.62

Impairment Losses

Impairment Losses	6 Months Ended
	Jun. 30, 2015
Other Income and Expenses [Abstract]
Asset Impairment Charges [Text Block]	4. IMPAIRMENT LOSSES The Company performed an impairment test of the long-lived assets related to the Marriott Lincolnshire Resort during the second quarter of 2015 as a result of a change in the anticipated holding period for this hotel. The Company determined that the carrying value of the hotel's long-lived assets exceeded the sum of the undiscounted cash flows expected to result from the use and eventual disposition of the hotel. As a result of this impairment test, the Company recorded an impairment loss of $10,401 ,000 included in the condensed consolidated statements of operations for the three and six months ended June 30, 2015, which represents the amount by which the carrying amount of the hotel's long-lived assets exceeded the fair value, with fair value determined based on estimated future discounted cash flows or the relevant market data as to the fair value of the asset (Level 3 inputs).

Discontinued Operations

Discontinued Operations	6 Months Ended
	Jun. 30, 2015
Discontinued Operations and Disposal Groups [Abstract]
Disposal Groups, Including Discontinued Operations, Disclosure [Text Block]	DISPOSITION OF HOTEL PROPERTIES 2015 Disposition Effective January 1, 2015, the Company adopted new accounting guidance that amends the requirements for reporting discontinued operations. Under the new guidance, only disposals that represent a strategic shift that has (or will have) a major effect on the Company's results of operations will qualify as discontinued operations. On May 21, 2015, the Company, along with its joint venture partner, sold the Hyatt Regency La Jolla hotel for sales proceeds of approximately $118,293 ,000. The $89,228 ,000 mortgage loan secured by the hotel was repaid at the time of closing. A $40,613 ,000 gain on the sale was recorded in other income, net in the condensed consolidated statements of operations for the three and six months ended June 30, 2015. The portion of the gain attributable to the joint venture partner was $16,649 ,000, which is reflected in net income attributable to the noncontrolling interests in consolidated affiliates in the condensed consolidated statements of operations for the three and six months ended June 30, 2015. The disposition of the Hyatt Regency La Jolla hotel does not represent a strategic shift that has had a major effect on the Company's results of operations; therefore, the hotel's results of operations are included in continuing operations for all periods presented. 2014 Dispositions Prior to January 1, 2015, and the adoption of the new accounting guidance that changed the criteria for reporting discontinued operations, 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 February 28, 2014 $ 206,867,000 $ 63,879,000 Marriott London Grosvenor Square London, England March 31, 2014 $ 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. The following is a summary of income from discontinued operations, net of tax, for the three and six months ended June 30, 2014 (in thousands): Three Months Ended June 30, Six Months Ended June 30, 2014 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 604 156,429 Income from discontinued operations, net of tax $ 604 $ 159,039

Variable Interest Entity

Variable Interest Entity	6 Months Ended
	Jun. 30, 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 VIE 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 condensed consolidated financial statements. On July 24, 2015, KSL exercised its Put Option (see note 17). 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 9), 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 six months ended June 30, 2015 , the Company and KSL provided no additional contributions to the Essex House Hotel Venture. For the six months ended June 30, 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 six months ended June 30, 2015 , the Company and KSL received distributions of $30,600 ,000 and $29,400 ,000, respectively, from the Essex House Hotel Venture paid 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 Af

Investment In Unconsolidated Affiliates	6 Months Ended
	Jun. 30, 2015
Equity Method Investments and Joint Ventures [Abstract]
Equity Method Investments and Joint Ventures Disclosure	INVESTMENT IN UNCONSOLIDATED AFFILIATES The Company's investment in unconsolidated affiliates as of June 30, 2015 and December 31, 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 for each of the three months ended June 30, 2015 and 2014 , and $0 and $18 ,000 for the six months ended June 30, 2015 and 2014 , respectively, and are included in other 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 $228 ,000 for the six months ended June 30, 2014 , which are included in other income, net on the condensed consolidated statements of operations. On March 31, 2014, the Company acquired Walton Street's 50% 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 $213 ,000 for the three months ended June 30, 2014 and $422 ,000 for the six months ended June 30, 2014 , which are included in other income, net in 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	6 Months Ended
	Jun. 30, 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 simultaneous 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 $43 ,000 and $54 ,000 of the deferred gain for the three months ended June 30, 2015 and 2014 , respectively, and for the six months ended June 30, 2015 and 2014 , recognized $87 ,000 and $107 ,000, respectively. As of June 30, 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 condensed consolidated balance sheets amounted to $2,700 ,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) ( $4,270 ,000 based on the foreign exchange rate as of June 30, 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 June 30, 2015 and December 31, 2014 , was $2,117 ,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. On May 7, 2015, the Company entered into an agreement with an unaffiliated third party, whereby the Company agreed to transfer its leasehold interests in the Marriott Hamburg hotel to such unaffiliated third party. When the transaction closes, the Company will be released from all obligations under the lease arrangements. The transaction is expected to close in the third quarter of 2015. 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 the office space are included in corporate expenses on the condensed consolidated statements of operations.

Indebtedness

Indebtedness	6 Months Ended
	Jun. 30, 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 June 30, 2015 and December 31, 2014 , consisted of the following (in thousands): Balance Outstanding at Debt Spread (a) Initial Maturity Maturity Including Extension Options June 30, 2015 December 31, 2014 Hotel del Coronado(b) 3.65% March 2016 March 2018 $ 475,000 $ 475,000 Loews Santa Monica Beach Hotel(c) 2.55% May 2017 May 2021 120,000 120,000 Four Seasons Washington, D.C.(c) 2.25% June 2017 June 2019 120,000 120,000 JW Marriott Essex House Hotel(c) 2.95% January 2018 January 2020 225,000 225,000 Ritz-Carlton Half Moon Bay(d) 2.40% May 2020 May 2022 115,000 — InterContinental Chicago Fixed August 2021 August 2021 141,618 142,442 Montage Laguna Beach(e) Fixed August 2021 August 2021 150,000 — InterContinental Miami Fixed September 2024 September 2024 115,000 115,000 Fairmont Scottsdale Princess(f) — 117,000 Fairmont Chicago(g) — 93,124 Westin St. Francis(g) — 209,588 Hyatt Regency La Jolla(h) — 89,247 Total mortgages payable(i) 1,461,618 1,706,401 Unamortized discount(e) (f) (981 ) (623 ) Total mortgages payable, net of discount $ 1,460,637 $ 1,705,778 (a) Interest on mortgage loans is paid monthly at the applicable spread over London Interbank Offered Rate (LIBOR) ( 0.19% at June 30, 2015 ) for all variable-rate mortgage loans. 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 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. (c) 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. (d) On May 27, 2015, the Company closed on a new $115,000 ,000 mortgage loan secured by the Ritz-Carlton Half Moon Bay hotel. The mortgage loan has two, one-year extension options , subject to certain conditions. (e) 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. (f) On March 31, 2014, the Company acquired the remaining 50% 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 mortgage loan balance outstanding. (g) On May 27, 2015, the Company repaid the mortgage loans secured by the Westin St. Francis and the Fairmont Chicago hotels using proceeds from the new mortgage loan secured by the Ritz-Carlton Half Moon Bay hotel (see (d) above) and proceeds from a new unsecured term loan (as described within "—Credit Facility Arrangements" below). The Company recorded a $23,559 ,000 loss on early extinguishment of debt related to the Westin St. Francis loan repayment and a $10,455 ,000 loss on early extinguishment of debt related to the Fairmont Chicago loan repayment in the condensed consolidated statements of operations for the three and six months ended June 30, 2015, which included prepayment penalties of $22,791 ,000 related to the Westin St. Francis loan and $10,126 ,000 related to the Fairmont Chicago loan, as well as the write off of unamortized deferred financing costs related to these mortgage loans. (h) The Company sold the Hyatt Regency La Jolla hotel on May 21, 2015, and the outstanding mortgage loan secured by the hotel was repaid at closing. (i) All of the mortgage loan agreements require maintenance of certain financial covenants, all of which the Company was in compliance with at June 30, 2015 . Credit Facility Arrangements: On May 27, 2015, the Company entered into a new $750,000 ,000 senior unsecured credit facility. The unsecured credit facility is comprised of a $450,000 ,000 unsecured revolving credit facility and a $300,000 ,000 unsecured term loan. The unsecured credit facility contains an accordion feature, which provides the option to increase the borrowing capacity up to $1,000,000 ,000, subject to the satisfaction of customary conditions set forth in the agreement. The accordion feature may be exercised in the form of additional revolving loan or term loan commitments. SH Funding has a letter of credit sub-facility of $60,000 ,000 under the unsecured credit facility. The unsecured credit facility replaced the previous $300,000 ,000 secured credit facility that was set to initially expire in April 2018. The following summarizes key financial terms and conditions of the unsecured credit facility: • interest on the unsecured revolving facility is payable monthly based upon a leverage-based pricing grid with annual rates ranging from LIBOR plus 1.65% to LIBOR plus 2.40% in the case of a LIBOR loan or base rate plus 0.65% to base rate plus 1.40% in the case of a base rate loan, and interest on the unsecured term loan is payable monthly based upon a leverage-based pricing grid with annual rates ranging from LIBOR plus 1.60% to LIBOR plus 2.35% in the case of a LIBOR loan or base rate plus 0.60% to base rate plus 1.35% in the case of a base rate loan; • an unused commitment fee is payable monthly under the unsecured revolving facility based on the unused revolver balance at a rate of 0.30% per annum in the event that the unsecured revolving facility usage is less than 50% and a rate of 0.20% per annum in the event that the unsecured revolving facility usage is equal to or greater than 50%; • the maturity date of both the unsecured revolving facility and the unsecured term loan is May 27, 2020 ; • the unsecured credit facility requires that SH Funding own, at all times, a minimum of five unencumbered assets, exclusive of assets located in Mexico, and is initially supported by a pool of unencumbered assets that currently consists of the Fairmont Chicago hotel, the Fairmont Scottsdale Princess hotel, the Four Seasons Hotel Austin, the Four Seasons Jackson Hole hotel, the Four Seasons Resort Scottsdale at Troon North, the Four Seasons Silicon Valley hotel, the Marriott Lincolnshire Resort, the Ritz-Carlton Laguna Niguel hotel, and the Westin St. Francis hotel; • the borrowing capacity under the unsecured revolving facility is reduced by any amounts previously borrowed and not repaid and any outstanding letters of credit; • financial covenants include: (a) minimum corporate fixed charge coverage of 1.50 , (b) maximum corporate leverage of 60% , (c) maximum secured leverage of 50% ; (d) maximum secured recourse leverage of 10% , (e) maximum unsecured leverage of 60% , (f) minimum unsecured interest coverage of 2.00 , and (g) minimum tangible net worth of approximately $1,834,362 ,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; and • restrictions on SHR and SH Funding’s ability to pay dividends. Notwithstanding the dividend restrictions set forth in the agreement, 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 limitation on mortgaging the unencumbered assets and limitations on the Company's ability to incur costs for discretionary capital programs and to redeem, retire or repurchase common stock. The annual interest rate of the unsecured revolving facility at June 30, 2015 , was 1.84% . The annual interest rate of the unsecured term loan at June 30, 2015 was 1.79% %. The weighted average annual interest rate for the credit facility arrangements for the six months ended June 30, 2015 was 1.89% , which included interest under the previous secured bank credit facility for a portion of the six-month period. At June 30, 2015 , the maximum availability under the unsecured credit facility was $406,000 ,000, which was reduced by $44,000 ,000 outstanding under the unsecured revolving facility and $300,000 ,000 outstanding under the unsecured term loan. Additionally, at June 30, 2015 , there were no outstanding letters of credit. SH Funding and SHR were in compliance with all financial covenants under the unsecured credit facility at June 30, 2015 . Debt Maturity: The following table summarizes the aggregate maturities as of June 30, 2015 , for all mortgages and the Company’s unsecured credit facility based on initial maturity dates and maturity dates that assume all extension options have been exercised (in thousands): Years ending December 31, Initial Maturities Extended Maturities 2015 (remainder) $ 1,126 $ 1,126 2016 477,040 2,040 2017 243,066 3,066 2018 230,033 480,033 2019 5,276 125,276 Thereafter 849,077 1,194,077 1,805,618 1,805,618 Unamortized discount (981 ) (981 ) Total $ 1,804,637 $ 1,804,637 Interest Expense: Total interest expense in continuing and discontinued operations includes a reduction related to capitalized interest of $202 ,000 and $167 ,000 for the three months ended June 30, 2015 and 2014 , respectively, and $315 ,000 and $395 ,000 for the six months ended June 30, 2015 and 2014 , respectively. Total interest expense in continuing and discontinued operations includes amortization of deferred financing costs of $932 ,000 and $1,147 ,000 for the three months ended June 30, 2015 and 2014 , respectively, and $1,827 ,000 and $2,554 ,000 for the six months ended June 30, 2015 and 2014 , respectively.

Equity And Distribution Activit

Equity And Distribution Activity	6 Months Ended
	Jun. 30, 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 June 30, 2015 and December 31, 2014 , 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 711 Common stock issued 7,348 Outstanding at June 30, 2015 275,495 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 six months ended June 30, 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. On July 3, 2014, the Company redeemed all of the outstanding 3,827,727 shares of its Series C Preferred Stock. The shares of Series C Preferred Stock were redeemed at a redemption price of $25.00 per share, or approximately $95,693 ,000 in total, plus accrued and unpaid dividends up to and including the redemption date in the amount of $0.01719 per share, or $66 ,000 in total. Following the redemption, dividends on the Series C Preferred Stock ceased to accrue. On April 3, 2014, the Company redeemed all of the outstanding 4,148,141 shares of its Series A Preferred Stock. The shares of Series A Preferred Stock were redeemed at a redemption price of $25.00 per share, or approximately $103,704 ,000 in total, plus accrued and unpaid dividends up to and including the redemption date in the amount of $0.54896 per share, or $2,227 ,000 in total. Following the redemption, dividends on the Series A 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 100,604 — 100,604 293 Net income 22,509 13,454 35,963 104 CTA (126 ) — (126 ) — Derivative activity 5,556 — 5,556 16 Share-based compensation 1,128 — 1,128 3 Preferred stock redemption (7 ) — (7 ) — Redemption value adjustment 1,137 — 1,137 (1,137 ) Distributions to holders of noncontrolling interests in consolidated affiliates — (40,801 ) (40,801 ) — Adjustment of noncontrolling interest in consolidated affiliate (b) (4,628 ) (4,628 ) — Other 160 160 (160 ) Balance at June 30, 2015 $ 1,578,418 $ 62,317 $ 1,640,735 $ 9,619 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 Common stock issued 415,419 — 415,419 1,334 Net income (loss) 314,991 (4,258 ) 310,733 1,130 CTA 18,707 — 18,707 72 Derivatives and other activity 3,479 — 3,479 11 Share-based compensation 1,852 — 1,852 5 Preferred stock redemption (199,480 ) — (199,480 ) — Declared distributions to preferred shareholders (10,081 ) — (10,081 ) — Redemption value adjustment 282 — 282 (282 ) Contributions from holders of noncontrolling interests in consolidated affiliates — 2,450 2,450 — Distributions to holders of noncontrolling interests in consolidated affiliates — (7 ) (7 ) — Other 468 — 468 (468 ) Balance at June 30, 2014 $ 1,256,150 $ 90,540 $ 1,346,690 $ 9,336 (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. (b) On May 21, 2015, the Company, along with its joint venture partner, sold the Hyatt Regency La Jolla hotel. The noncontrolling interest in the consolidated affiliate that owns that Hyatt Regency La Jolla hotel was adjusted as part of the disposition transaction. As of June 30, 2015 and December 31, 2014 , the redeemable noncontrolling interests had a redemption value of approximately $9,619 ,000 (based on the June 30, 2015 SHR common stock closing price of $12.12 per share) and $10,500 ,000 (based on the December 31, 2014 SHR common stock closing price of $13.23 per share), respectively. As of June 30, 2014 and December 31, 2013 , the redeemable noncontrolling interests had a redemption value of approximately $9,336 ,000 (based on the June 30, 2014 SHR common stock closing price of $11.71 per share) and $7,534 ,000 (based on the December 31, 2013 SHR common stock closing price of $9.45 per share), respectively.

Derivatives

Derivatives	6 Months Ended
	Jun. 30, 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 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 June 30, 2015 . As of June 30, 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 six months ended June 30, 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 $5,326 ,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 June 30, 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 $ 1,427,000 At June 30, 2015 and December 31, 2014 , the aggregate notional amount of the Company’s interest rate cap agreements was $1,427,000 ,000 and $1,429,000 ,000, respectively. The Company’s interest rate caps have LIBOR strike rates ranging from 2.05% to 4.55% and maturity dates ranging from July 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 June 30, 2015 and December 31, 2014 (in thousands): Fair Value as of Balance Sheet Location June 30, 2015 December 31, 2014 Derivatives not designated as hedging instruments: Interest rate caps Prepaid expenses and other assets $ 12 $ 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 June 30, 2015 or December 31, 2014 . The following tables reflect changes in interest rate swap liabilities categorized as Level 2 for the six months ended June 30, 2014 (in thousands): Balance as of January 1, 2014 $ (27,921 ) Interest rate swap terminations 22,325 Mark to market adjustments 5,596 Balance as of June 30, 2014 $ — 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 and six months ended June 30, 2015 and 2014 (in thousands): Three Months Ended June 30, Six Months Ended June 30, 2015 2014 2015 2014 Derivatives in Cash Flow Hedging Relationships Interest rate swaps: Effective portion of loss recognized in accumulated OCL $ — $ (141 ) $ — $ (358 ) Effective portion of loss reclassified into interest expense $ (2,459 ) $ (3,298 ) $ (5,572 ) $ (6,497 ) Derivatives Not Designated as Hedging Instruments Interest rate swaps: Ineffective losses recognized in interest expense $ — $ (37 ) $ — $ (129 ) Interest rate caps: Loss recognized in other income, net $ (30 ) $ (11 ) $ (146 ) $ (34 )

Share-Based Employee Compensati

Share-Based Employee Compensation Plans	6 Months Ended
	Jun. 30, 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 six months ended June 30, 2015 , SHR granted 294,243 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-based RSUs), 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 condensed consolidated statements of operations. The Company recorded compensation expense of $1,856 ,000 and $1,392 ,000 related to RSUs and performance-based RSUs for the three months ended June 30, 2015 and 2014 , respectively, and $3,740 ,000 and $2,850 ,000 for the six months ended June 30, 2015 and 2014 , respectively. As of June 30, 2015 , there was unrecognized compensation expense of $4,844 ,000 related to unvested RSUs and $6,276 ,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 1.73 years for unvested RSUs and 2.05 years for performance-based RSUs.

Related Party Transactions

Related Party Transactions	6 Months Ended
	Jun. 30, 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 5). 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 16).

Commitments And Contingencies

Commitments And Contingencies	6 Months Ended
	Jun. 30, 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 June 30, 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 June 30, 2015 , the Company’s obligations under these contracts amounted to approximately $24,054 ,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 June 30, 2015 , the Essex House Hotel Venture's obligation under this agreement is approximately $504 ,000. The improvements are expected to be completed by September 2015 .

Fair Value Of Financial Instrum

Fair Value Of Financial Instruments	6 Months Ended
	Jun. 30, 2015
Fair Value Disclosures [Abstract]
Fair Value Of Financial Instruments	FAIR VALUE OF FINANCIAL INSTRUMENTS As of June 30, 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 June 30, 2015 and December 31, 2014 , the Company estimated the fair value of mortgages and credit facility arrangements to be approximately $1,820,000 ,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	6 Months Ended
	Jun. 30, 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. 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. 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 $9,827 ,000, which have been recorded as deferred revenues in accounts payable and accrued expenses on the condensed consolidated balance sheet. 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 $262 ,000 and $100 ,000 for the three months ended June 30, 2015 and 2014 , respectively, and fees of $525 ,000 and $200 ,000 for the six months ended June 30, 2015 and 2014 , respectively, under these agreements, which are included in other income, net in the condensed consolidated statements of operations.

Subsequent Events

Subsequent Events	6 Months Ended
	Jun. 30, 2015
Subsequent Events [Abstract]
Subsequent Events	17. SUBSEQUENT EVENTS On July 24, 2015, KSL exercised its Put Option related to its interest in the Essex House Hotel Venture. In connection with the exercise of the Put Option, and in accordance with the terms of the joint venture agreements, (a) SHR will issue an aggregate of 6,595,449 shares of its common stock to KSL, (b) the borrowers under the mortgage loan secured by the JW Marriott Essex House Hotel became wholly owned by certain indirect subsidiaries of SHR, and (c) the Essex House Hotel Venture with KSL will terminate.

Summary Of Significant Accoun24

Summary Of Significant Accounting Policies (Policy)	6 Months Ended
	Jun. 30, 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 June 30, 2015 , SH Funding consolidated one VIE, the entity that owns the JW Marriott Essex House Hotel (see note 6). For entities that are not considered VIEs, SH Funding consolidates those entities it controls. It accounts for those entities over which it has a significant influence but does not control using the equity method of accounting. At June 30, 2015 , SH Funding owned interests in the Four Seasons Residence Club Punta Mita (Four Seasons RCPM) and the Lot H5 Venture (see note 7), which are unconsolidated affiliates in the accompanying unaudited 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 June 30, 2015 and December 31, 2014 , restricted cash and cash equivalents included $47,660 ,000 and $37,486 ,000, respectively, that will be used for property and equipment replacement in accordance with hotel management agreements. At June 30, 2015 and December 31, 2014 , restricted cash and cash equivalents also included reserves of $30,130 ,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 and six months ended June 30, 2015 and 2014 , income tax expense is summarized as follows (in thousands): Three Months Ended June 30, Six Months Ended June 30, 2015 2014 2015 2014 Current tax expense $ (1,918 ) $ (480 ) $ (2,362 ) $ (699 ) Deferred tax (expense) benefit (534 ) 273 (309 ) 453 Total income tax expense $ (2,452 ) $ (207 ) $ (2,671 ) $ (246 )
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 and six months ended June 30, 2015 and 2014 (in thousands): Three Months Ended June 30, Six Months Ended June 30, 2015 2014 2015 2014 Numerator - Basic: Income from continuing operations attributable to SHR $ 6,698 $ 87,405 $ 22,509 $ 156,560 Preferred shareholder dividends — (3,966 ) — (10,081 ) Preferred stock redemption(a) — (3,203 ) — (6,912 ) Undistributed earnings allocated to participating securities - basic (16 ) (283 ) (58 ) (1,030 ) Income from continuing operations attributable to SHR common shareholders - basic 6,682 79,953 22,451 138,537 Discontinued operations attributable to SHR — 604 — 158,431 Net income attributable to SHR common shareholders - basic $ 6,682 $ 80,557 $ 22,451 $ 296,968 Numerator - Diluted: Income from continuing operations attributable to SHR common shareholders - basic $ 6,682 $ 79,953 $ 22,451 $ 138,537 Undistributed earnings allocated to participating securities - basic 16 283 58 1,030 Undistributed earnings allocated to participating securities - diluted (16 ) (270 ) (48 ) (969 ) Adjustment for noncontrolling interests in consolidated affiliates (see note 6) — 244 (2,958 ) (2,887 ) Income from continuing operations attributable to SHR common shareholders - diluted 6,682 80,210 19,503 135,711 Discontinued operations attributable to SHR — 604 — 158,431 Net income attributable to SHR common shareholders - diluted $ 6,682 $ 80,814 $ 19,503 $ 294,142 Denominator: Weighted average shares of common stock – basic (b) 276,380 222,013 275,056 214,450 Effect of dilutive securities: Noncontrolling interests in consolidated affiliates (see note 6) — 9,235 7,149 9,235 Performance-based RSUs 2,003 2,215 2,003 2,215 Weighted average shares of common stock - diluted 278,383 233,463 284,208 225,900 (a) In April 2014, SHR redeemed all of the outstanding shares of its 8.50% Series A Cumulative Redeemable Preferred Stock (Series A Preferred Stock). In June 2014, SHR publicly announced its intention to redeem all of the outstanding shares of its 8.25% Series C Cumulative Redeemable Preferred Stock (Series C Preferred Stock) on July 3, 2014. For purposes of calculating per share amounts for the three and six months ended June 30, 2014, the difference between the fair value of the Series A Preferred Stock and the Series C Preferred Stock and the carrying amount of the Series A Preferred Stock and the Series C Preferred Stock is an adjustment to net income attributable to SHR common shareholders. (b) Includes RSUs and performance-based RSUs of 1,002 and 1,123 at June 30, 2015 and 2014 , respectively, that have vested but have not yet been issued to shares of SHR 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 June 30, 2015 and 2014 are as follows (in thousands): Computation For Three Months Ended June 30, Computation For Six Months Ended June 30, 2015 2014 2015 2014 Noncontrolling interests in SHR's operating partnership 794 797 794 797 Noncontrolling interests in consolidated affiliates 7,149 — — —
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 June 30, 2015 and 2014 (in thousands): Derivative Activity CTA Accumulated OCL Balance at March 31, 2015 $ (7,785 ) $ (2,269 ) $ (10,054 ) Other comprehensive income before reclassifications — 9 9 Amounts reclassified from accumulated OCL 2,459 — 2,459 Net other comprehensive income 2,459 9 2,468 Balance at June 30, 2015 $ (5,326 ) $ (2,260 ) $ (7,586 ) Derivative Activity CTA Accumulated OCL Balance at March 31, 2014 $ (20,283 ) $ (2,045 ) $ (22,328 ) Other comprehensive loss before reclassifications (141 ) (5 ) (146 ) Amounts reclassified from accumulated OCL 3,298 — 3,298 Net other comprehensive income (loss) 3,157 (5 ) 3,152 Balance at June 30, 2014 $ (17,126 ) $ (2,050 ) $ (19,176 ) The following tables provide the changes in accumulated OCL for the six -month periods ended June 30, 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 — (126 ) (126 ) Amounts reclassified from accumulated OCL 5,572 — 5,572 Net other comprehensive income (loss) 5,572 (126 ) 5,446 Balance at June 30, 2015 $ (5,326 ) $ (2,260 ) $ (7,586 ) Derivative Activity CTA Accumulated OCL Balance at January 1, 2014 $ (20,616 ) $ (20,829 ) $ (41,445 ) Other comprehensive loss before reclassifications (341 ) (116 ) (457 ) Amounts reclassified from accumulated OCL 3,831 18,895 22,726 Net other comprehensive income 3,490 18,779 22,269 Balance at June 30, 2014 $ (17,126 ) $ (2,050 ) $ (19,176 ) The reclassifications out of accumulated OCL for the three and six months ended June 30, 2015 and 2014 are as follows (in thousands): Amounts Reclassified from Accumulated OCL Three Months Ended June 30, Six Months Ended June 30, Details about Accumulated OCL Components 2015 2014 2015 2014 Statement of Operations Line Item Activity related to cash flow hedges $ 2,459 $ 3,298 $ 5,572 $ 3,831 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, 2018 with early adoption permitted on January 1, 2017. 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 became 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 Accoun25

Summary Of Significant Accounting Policies (Tables)	6 Months Ended
	Jun. 30, 2015
Accounting Policies [Abstract]
Schedule of Components of Income Tax Expense (Benefit)	For the three and six months ended June 30, 2015 and 2014 , income tax expense is summarized as follows (in thousands): Three Months Ended June 30, Six Months Ended June 30, 2015 2014 2015 2014 Current tax expense $ (1,918 ) $ (480 ) $ (2,362 ) $ (699 ) Deferred tax (expense) benefit (534 ) 273 (309 ) 453 Total income tax expense $ (2,452 ) $ (207 ) $ (2,671 ) $ (246 )
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 and six months ended June 30, 2015 and 2014 (in thousands): Three Months Ended June 30, Six Months Ended June 30, 2015 2014 2015 2014 Numerator - Basic: Income from continuing operations attributable to SHR $ 6,698 $ 87,405 $ 22,509 $ 156,560 Preferred shareholder dividends — (3,966 ) — (10,081 ) Preferred stock redemption(a) — (3,203 ) — (6,912 ) Undistributed earnings allocated to participating securities - basic (16 ) (283 ) (58 ) (1,030 ) Income from continuing operations attributable to SHR common shareholders - basic 6,682 79,953 22,451 138,537 Discontinued operations attributable to SHR — 604 — 158,431 Net income attributable to SHR common shareholders - basic $ 6,682 $ 80,557 $ 22,451 $ 296,968 Numerator - Diluted: Income from continuing operations attributable to SHR common shareholders - basic $ 6,682 $ 79,953 $ 22,451 $ 138,537 Undistributed earnings allocated to participating securities - basic 16 283 58 1,030 Undistributed earnings allocated to participating securities - diluted (16 ) (270 ) (48 ) (969 ) Adjustment for noncontrolling interests in consolidated affiliates (see note 6) — 244 (2,958 ) (2,887 ) Income from continuing operations attributable to SHR common shareholders - diluted 6,682 80,210 19,503 135,711 Discontinued operations attributable to SHR — 604 — 158,431 Net income attributable to SHR common shareholders - diluted $ 6,682 $ 80,814 $ 19,503 $ 294,142 Denominator: Weighted average shares of common stock – basic (b) 276,380 222,013 275,056 214,450 Effect of dilutive securities: Noncontrolling interests in consolidated affiliates (see note 6) — 9,235 7,149 9,235 Performance-based RSUs 2,003 2,215 2,003 2,215 Weighted average shares of common stock - diluted 278,383 233,463 284,208 225,900 (a) In April 2014, SHR redeemed all of the outstanding shares of its 8.50% Series A Cumulative Redeemable Preferred Stock (Series A Preferred Stock). In June 2014, SHR publicly announced its intention to redeem all of the outstanding shares of its 8.25% Series C Cumulative Redeemable Preferred Stock (Series C Preferred Stock) on July 3, 2014. For purposes of calculating per share amounts for the three and six months ended June 30, 2014, the difference between the fair value of the Series A Preferred Stock and the Series C Preferred Stock and the carrying amount of the Series A Preferred Stock and the Series C Preferred Stock is an adjustment to net income attributable to SHR common shareholders. (b) Includes RSUs and performance-based RSUs of 1,002 and 1,123 at June 30, 2015 and 2014 , respectively, that have vested but have not yet been issued to shares of SHR 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 June 30, 2015 and 2014 are as follows (in thousands): Computation For Three Months Ended June 30, Computation For Six Months Ended June 30, 2015 2014 2015 2014 Noncontrolling interests in SHR's operating partnership 794 797 794 797 Noncontrolling interests in consolidated affiliates 7,149 — — —
Components Of Accumulated Other Comprehensive Loss	The following tables provide the changes in accumulated OCL for the three-month periods ended June 30, 2015 and 2014 (in thousands): Derivative Activity CTA Accumulated OCL Balance at March 31, 2015 $ (7,785 ) $ (2,269 ) $ (10,054 ) Other comprehensive income before reclassifications — 9 9 Amounts reclassified from accumulated OCL 2,459 — 2,459 Net other comprehensive income 2,459 9 2,468 Balance at June 30, 2015 $ (5,326 ) $ (2,260 ) $ (7,586 ) Derivative Activity CTA Accumulated OCL Balance at March 31, 2014 $ (20,283 ) $ (2,045 ) $ (22,328 ) Other comprehensive loss before reclassifications (141 ) (5 ) (146 ) Amounts reclassified from accumulated OCL 3,298 — 3,298 Net other comprehensive income (loss) 3,157 (5 ) 3,152 Balance at June 30, 2014 $ (17,126 ) $ (2,050 ) $ (19,176 ) The following tables provide the changes in accumulated OCL for the six -month periods ended June 30, 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 — (126 ) (126 ) Amounts reclassified from accumulated OCL 5,572 — 5,572 Net other comprehensive income (loss) 5,572 (126 ) 5,446 Balance at June 30, 2015 $ (5,326 ) $ (2,260 ) $ (7,586 ) Derivative Activity CTA Accumulated OCL Balance at January 1, 2014 $ (20,616 ) $ (20,829 ) $ (41,445 ) Other comprehensive loss before reclassifications (341 ) (116 ) (457 ) Amounts reclassified from accumulated OCL 3,831 18,895 22,726 Net other comprehensive income 3,490 18,779 22,269 Balance at June 30, 2014 $ (17,126 ) $ (2,050 ) $ (19,176 )
Schedule Of Reclassification Of Accumulated Other Comprehensive Income Loss	The reclassifications out of accumulated OCL for the three and six months ended June 30, 2015 and 2014 are as follows (in thousands): Amounts Reclassified from Accumulated OCL Three Months Ended June 30, Six Months Ended June 30, Details about Accumulated OCL Components 2015 2014 2015 2014 Statement of Operations Line Item Activity related to cash flow hedges $ 2,459 $ 3,298 $ 5,572 $ 3,831 Interest expense Activity related to CTA $ — $ — $ — $ 18,895 Income from discontinued operations, net of tax

Investment In Hotel Propertie26

Investment In Hotel Properties, Net (Tables)	6 Months Ended
	Jun. 30, 2015
Property, Plant and Equipment [Abstract]
Summary Of Investment In Hotel Properties	The following summarizes the Company’s investment in hotel properties as of June 30, 2015 and December 31, 2014 , excluding the leasehold interest in the Marriott Hamburg hotel and unconsolidated affiliates (in thousands): June 30, December 31, Land $ 1,010,756 $ 858,670 Leasehold interest 7,796 11,633 Buildings 2,205,545 1,964,252 Building and leasehold improvements 109,517 106,303 Site improvements 61,242 59,038 Furniture, fixtures and equipment 662,596 611,450 Improvements in progress 21,256 21,552 Total investment in hotel properties 4,078,708 3,632,898 Less accumulated depreciation (802,297 ) (804,498 ) Total investment in hotel properties, net $ 3,276,411 $ 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 Four Seasons Hotel Austin Montage Laguna Beach Four Seasons Resort Scottsdale at Troon North Hotel del Coronado Venture Fairmont Scottsdale Princess Venture Land $ 26,892 $ 138,396 $ 37,696 $ 236,497 $ 26,732 Buildings 138,647 175,723 75,740 404,851 213,289 Site improvements 513 4,166 7,154 6,677 16,037 Furniture, fixtures and equipment 28,227 40,830 18,866 53,943 40,341 Improvements in progress — — — 1,749 151 Intangible assets 2,443 1,666 552 87,710 9,859 Below market debt discount — 1,049 — — 2,493 Net working capital (462 ) (115 ) 912 13,573 6,568 Total fair value allocated $ 196,260 $ 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 $ 10,049 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 Parking garage easement 1,437 39 years 43,937 Intangible assets not subject to amortization: Trade name 58,293 Total intangible assets acquired $ 102,230
Business Acquisition, Income Statement Impact [Table Text Block]	Pro Forma and Other Financial Information Related to Acquisition of Hotels The following pro forma and other financial information is provided for the acquisitions of the Fairmont Scottsdale Princess Venture and the Hotel del Coronado Venture that were completed during the six months ended June 30, 2014 , which each had a material effect on the Company's results of operations. The impact to revenues and net income attributable to SHR common shareholders from these acquisitions for the three and six months ended June 30, 2015 and 2014 , is as follows (in thousands): Three Months Ended June 30, Six Months Ended June 30, 2015 2014 2015 2014 Increase in revenues $ 69,814 $ 37,993 $ 149,244 $ 37,993 Increase in net income attributable to SHR common shareholders $ 4,343 $ 3,475 $ 18,655 $ 3,475
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 acquisitions 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, 20,000,000 shares of SHR common stock (a portion of the shares issued in an underwritten public offering of common stock that was completed in June 2014) are reflected as if the offering occurred on January 1, 2013 because these shares relate directly to the acquisition of the Hotel del Coronado Venture. No adjustments were made to the pro forma financial information for the remaining shares of SHR common stock issued in June 2014 because they did not relate directly to the acquisitions. Additionally, for purposes of the pro forma financial information, the gains on the consolidation of affiliates recognized as a result of the acquisitions of the Hotel del Coronado Venture and the Fairmont Scottsdale Princess Venture are 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 and six months ended June 30, 2014 are as follows as if these acquisitions had occurred on January 1, 2013 (in thousands): Three Months Ended June 30, Six Months Ended June 30, 2014 2014 Total revenue $ 309,985 $ 573,686 Net income $ 22,548 $ 166,356 Preferred shareholder dividends $ (7,169 ) $ (16,993 ) Net income attributable to SHR common shareholders $ 15,524 $ 152,597 Net income attributable to SHR common shareholders per share: Basic $ 0.07 $ 0.66 Diluted $ 0.06 $ 0.62

Discontinued Operations (Tables

Discontinued Operations (Tables)	6 Months Ended
	Jun. 30, 2015
Discontinued Operations and Disposal Groups [Abstract]
Schedule Of Assets Sold [Table Text Block]	Prior to January 1, 2015, and the adoption of the new accounting guidance that changed the criteria for reporting discontinued operations, 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 February 28, 2014 $ 206,867,000 $ 63,879,000 Marriott London Grosvenor Square London, England March 31, 2014 $ 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, net of tax, for the three and six months ended June 30, 2014 (in thousands): Three Months Ended June 30, Six Months Ended June 30, 2014 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 604 156,429 Income from discontinued operations, net of tax $ 604 $ 159,039

Investment In Unconsolidated 28

Investment In Unconsolidated Affiliates (Tables)	6 Months Ended
	Jun. 30, 2015
Equity Method Investments and Joint Ventures [Abstract]
Investment In Unconsolidated Affiliates	The Company's investment in unconsolidated affiliates as of June 30, 2015 and December 31, 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)	6 Months Ended
	Jun. 30, 2015
Debt Disclosure [Abstract]
Mortgages and Other Debt Payable	Mortgages payable, net of discount, at June 30, 2015 and December 31, 2014 , consisted of the following (in thousands): Balance Outstanding at Debt Spread (a) Initial Maturity Maturity Including Extension Options June 30, 2015 December 31, 2014 Hotel del Coronado(b) 3.65% March 2016 March 2018 $ 475,000 $ 475,000 Loews Santa Monica Beach Hotel(c) 2.55% May 2017 May 2021 120,000 120,000 Four Seasons Washington, D.C.(c) 2.25% June 2017 June 2019 120,000 120,000 JW Marriott Essex House Hotel(c) 2.95% January 2018 January 2020 225,000 225,000 Ritz-Carlton Half Moon Bay(d) 2.40% May 2020 May 2022 115,000 — InterContinental Chicago Fixed August 2021 August 2021 141,618 142,442 Montage Laguna Beach(e) Fixed August 2021 August 2021 150,000 — InterContinental Miami Fixed September 2024 September 2024 115,000 115,000 Fairmont Scottsdale Princess(f) — 117,000 Fairmont Chicago(g) — 93,124 Westin St. Francis(g) — 209,588 Hyatt Regency La Jolla(h) — 89,247 Total mortgages payable(i) 1,461,618 1,706,401 Unamortized discount(e) (f) (981 ) (623 ) Total mortgages payable, net of discount $ 1,460,637 $ 1,705,778 (a) Interest on mortgage loans is paid monthly at the applicable spread over London Interbank Offered Rate (LIBOR) ( 0.19% at June 30, 2015 ) for all variable-rate mortgage loans. 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 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. (c) 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. (d) On May 27, 2015, the Company closed on a new $115,000 ,000 mortgage loan secured by the Ritz-Carlton Half Moon Bay hotel. The mortgage loan has two, one-year extension options , subject to certain conditions. (e) 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. (f) On March 31, 2014, the Company acquired the remaining 50% 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 mortgage loan balance outstanding. (g) On May 27, 2015, the Company repaid the mortgage loans secured by the Westin St. Francis and the Fairmont Chicago hotels using proceeds from the new mortgage loan secured by the Ritz-Carlton Half Moon Bay hotel (see (d) above) and proceeds from a new unsecured term loan (as described within "—Credit Facility Arrangements" below). The Company recorded a $23,559 ,000 loss on early extinguishment of debt related to the Westin St. Francis loan repayment and a $10,455 ,000 loss on early extinguishment of debt related to the Fairmont Chicago loan repayment in the condensed consolidated statements of operations for the three and six months ended June 30, 2015, which included prepayment penalties of $22,791 ,000 related to the Westin St. Francis loan and $10,126 ,000 related to the Fairmont Chicago loan, as well as the write off of unamortized deferred financing costs related to these mortgage loans. (h) The Company sold the Hyatt Regency La Jolla hotel on May 21, 2015, and the outstanding mortgage loan secured by the hotel was repaid at closing. (i) All of the mortgage loan agreements require maintenance of certain financial covenants, all of which the Company was in compliance with at June 30, 2015 .
Summary of Aggregate Maturities for Mortgagues and Other Debt Payable and Bank Credit Facility	The following table summarizes the aggregate maturities as of June 30, 2015 , for all mortgages and the Company’s unsecured credit facility based on initial maturity dates and maturity dates that assume all extension options have been exercised (in thousands): Years ending December 31, Initial Maturities Extended Maturities 2015 (remainder) $ 1,126 $ 1,126 2016 477,040 2,040 2017 243,066 3,066 2018 230,033 480,033 2019 5,276 125,276 Thereafter 849,077 1,194,077 1,805,618 1,805,618 Unamortized discount (981 ) (981 ) Total $ 1,804,637 $ 1,804,637

Equity And Distribution Activ30

Equity And Distribution Activity (Tables)	6 Months Ended
	Jun. 30, 2015
Class of Stock [Line Items]
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 June 30, 2015 and December 31, 2014 , 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 711 Common stock issued 7,348 Outstanding at June 30, 2015 275,495
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 100,604 — 100,604 293 Net income 22,509 13,454 35,963 104 CTA (126 ) — (126 ) — Derivative activity 5,556 — 5,556 16 Share-based compensation 1,128 — 1,128 3 Preferred stock redemption (7 ) — (7 ) — Redemption value adjustment 1,137 — 1,137 (1,137 ) Distributions to holders of noncontrolling interests in consolidated affiliates — (40,801 ) (40,801 ) — Adjustment of noncontrolling interest in consolidated affiliate (b) (4,628 ) (4,628 ) — Other 160 160 (160 ) Balance at June 30, 2015 $ 1,578,418 $ 62,317 $ 1,640,735 $ 9,619 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 Common stock issued 415,419 — 415,419 1,334 Net income (loss) 314,991 (4,258 ) 310,733 1,130 CTA 18,707 — 18,707 72 Derivatives and other activity 3,479 — 3,479 11 Share-based compensation 1,852 — 1,852 5 Preferred stock redemption (199,480 ) — (199,480 ) — Declared distributions to preferred shareholders (10,081 ) — (10,081 ) — Redemption value adjustment 282 — 282 (282 ) Contributions from holders of noncontrolling interests in consolidated affiliates — 2,450 2,450 — Distributions to holders of noncontrolling interests in consolidated affiliates — (7 ) (7 ) — Other 468 — 468 (468 ) Balance at June 30, 2014 $ 1,256,150 $ 90,540 $ 1,346,690 $ 9,336 (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. (b) On May 21, 2015, the Company, along with its joint venture partner, sold the Hyatt Regency La Jolla hotel. The noncontrolling interest in the consolidated affiliate that owns that Hyatt Regency La Jolla hotel was adjusted as part of the disposition transaction.

Derivatives (Tables)

Derivatives (Tables)	6 Months Ended
	Jun. 30, 2015
Derivative Instruments, Gain (Loss) [Line Items]
Outstanding Interest Rate Derivatives	As of June 30, 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 $ 1,427,000
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 June 30, 2015 and December 31, 2014 (in thousands): Fair Value as of Balance Sheet Location June 30, 2015 December 31, 2014 Derivatives not designated as hedging instruments: Interest rate caps Prepaid expenses and other assets $ 12 $ 113
Interest Rate Swap Liabilities	The following tables reflect changes in interest rate swap liabilities categorized as Level 2 for the six months ended June 30, 2014 (in thousands): Balance as of January 1, 2014 $ (27,921 ) Interest rate swap terminations 22,325 Mark to market adjustments 5,596 Balance as of June 30, 2014 $ —
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 and six months ended June 30, 2015 and 2014 (in thousands): Three Months Ended June 30, Six Months Ended June 30, 2015 2014 2015 2014 Derivatives in Cash Flow Hedging Relationships Interest rate swaps: Effective portion of loss recognized in accumulated OCL $ — $ (141 ) $ — $ (358 ) Effective portion of loss reclassified into interest expense $ (2,459 ) $ (3,298 ) $ (5,572 ) $ (6,497 ) Derivatives Not Designated as Hedging Instruments Interest rate swaps: Ineffective losses recognized in interest expense $ — $ (37 ) $ — $ (129 ) Interest rate caps: Loss recognized in other income, net $ (30 ) $ (11 ) $ (146 ) $ (34 )

General (Details)

General (Details) - Jun. 30, 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 Accoun33

Summary Of Significant Accounting Policies (Narrative) (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2015	Dec. 31, 2014
Accounting Policies [Line Items]
Restricted cash and cash equivalents	$ 77,790	$ 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	$ 47,660	37,486
Loan And Other Agreements [Member]
Accounting Policies [Line Items]
Restricted cash and cash equivalents	$ 30,130	$ 44,024

Summary Of Significant Accoun34

Summary Of Significant Accounting Policies (Schedule Of Income Tax (Expense) Benefit Related To Continuing Operations) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Income Tax Examination [Line Items]
Current tax expense	$ (1,918)	$ (480)	$ (2,362)	$ (699)
Deferred tax (expense) benefit	(534)	273	(309)	453
Total income tax expense	$ (2,452)	$ (207)	$ (2,671)	$ (246)

Summary Of Significant Accoun35

Summary Of Significant Accounting Policies (Components Of Calculation Of Loss From Continuing Operations Attributable To SHR Common Shareholders) (Details) - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Earnings Per Share [Line Items]
Income from continuing operations attributable to SHR	$ 6,698	$ 87,405	$ 22,509	$ 156,560
Preferred shareholder dividends	0	(3,966)	0	(10,081)
Preferred Stock Redemption Premium	0	(3,203)	0	(6,912)
Undistributed Earnings (Loss) Allocated to Participating Securities, Basic	(16)	(283)	(58)	(1,030)
Income Loss From Continuing Operations Attributable To Common Shareholders	6,682	79,953	22,451	138,537
Income from discontinued operations	0	604	0	158,431
Net income attributable to SHR common shareholders - basic	6,682	80,557	22,451	296,968
Undistributed earnings allocated to participating securities - basic addback	16	283	58	1,030
Undistributed Earnings (Loss) Allocated to Participating Securities, Diluted	(16)	(270)	(48)	(969)
Adjustment for noncontrolling interests in consolidated affiliates	0	244	(2,958)	(2,887)
Income from continuing operations attributable to SHR common shareholders - diluted	6,682	80,210	19,503	135,711
Income from discontinued operations	0	604	0	158,431
Net income loss attributable to common shareholders less undistributed earnings diluted	$ 6,682	$ 80,814	$ 19,503	$ 294,142
Weighted average shares of common stock – basic (b)	276,380	222,013	275,056	214,450
Noncontrolling interests in consolidated affiliates (see note 6)	0	9,235	7,149	9,235
Performance-based RSUs	2,003	2,215	2,003	2,215
Weighted average shares of common stock diluted	278,383	233,463	284,208	225,900
Share-based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other Than Options, Vested Not Yet Issued			1,002	1,123
8.50% Series A Cumulative Redeemable Preferred Stock
Earnings Per Share [Line Items]
Preferred stock, dividend rate, percentage			8.50%
Series C Preferred Stock [Member]
Earnings Per Share [Line Items]
Preferred stock, dividend rate, percentage			8.25%

Summary Of Significant Accoun36

Summary Of Significant Accounting Policies (Anti-Dilutive Securities Not Included In The Computation Of Diluted Loss Per Share) (Details) - shares shares in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 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	794	797
Noncontrolling Interest In Consolidated Affiliate [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Anti-dilutive securities excluded from computation of earnings per share	7,149	0	0	0

Summary Of Significant Accoun37

Summary Of Significant Accounting Policies (Components Of Accumulated Other Comprehensive Loss) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Derivatives and Other Activity AOCI [Roll Forward]
Derivative and Other Activity, Beginning Balance	$ (7,785)	$ (20,283)	$ (10,898)	$ (20,616)
Other comprehensive (loss) income before reclassifications - Derivatives	0	(141)	0	(341)
Amounts reclassified from accumulated OCL - Derivatives	2,459	3,298	5,572	3,831
Net other comprehensive income (loss)	2,459	3,157	5,572	3,490
Derivative and Other Activity, Ending Balance	(5,326)	(17,126)	(5,326)	(17,126)
CTA AOCI [Roll Forward]
CTA, Beginning Balance	(2,269)	(2,045)	(2,134)	(20,829)
Other comprehensive (loss) income before reclassifications - CTA	9	(5)	(126)	(116)
Amounts reclassified from accumulated OCL - CTA	0	0	0	18,895
Net other comprehensive income (loss)	9	(5)	(126)	18,779
CTA, Ending Balance	(2,260)	(2,050)	(2,260)	(2,050)
Accumulated other comprehensive income [Roll Forward]
Accumulated OCL, Beginning Balance	(10,054)	(22,328)	(13,032)	(41,445)
Other comprehensive (loss) income before reclassifications	9	(146)	(126)	(457)
Amounts reclassified from accumulated OCL	2,459	3,298	5,572	22,726
Other comprehensive income	2,468	3,152	5,446	22,269
Accumulated OCL, Ending Balance	(7,586)	(19,176)	(7,586)	(19,176)
Activity related to cash flow hedges	2,459	3,298	5,572	3,831
Activity related to CTA	$ 0	$ 0	$ 0	$ 18,895

Investment In Hotel Propertie38

Investment In Hotel Properties, Net (Details) $ in Thousands	Jun. 30, 2015USD ($)Property	Dec. 31, 2014USD ($)Property
Investment in Hotel Properties, Net [Line Items]
Land	$ 1,010,756	$ 858,670
Leasehold interest	7,796	11,633
Buildings	2,205,545	1,964,252
Building and leasehold improvements	109,517	106,303
Site improvements	61,242	59,038
Furniture, fixtures and equipment	662,596	611,450
Improvements in progress	21,256	21,552
Total investment in hotel properties	4,078,708	3,632,898
Less accumulated depreciation	(802,297)	(804,498)
Total investment in hotel properties, net	$ 3,276,411	$ 2,828,400
Consolidated hotel properties | Property	17	16

Investment in Hotel Propertie39

Investment in Hotel Properties, Net, Business Acquisition (Details) - USD ($)	1 Months Ended					6 Months Ended
	May. 31, 2015	Jan. 31, 2015	Dec. 31, 2014	Jun. 30, 2014	Mar. 31, 2014	Jun. 30, 2015	Jun. 30, 2014	Jun. 11, 2014
Business Acquisition [Line Items]
Loans Assumed						$ 148,951,000	$ 589,507,000
Payments to Acquire Real Estate						306,579,000	300,616,000
Four Seasons Hotel Austin [Member]
Business Acquisition [Line Items]
Payments to Acquire Real Estate	$ 196,260,000
Business Combination, Acquisition Related Costs						307,000	0
Montage Laguna Beach [Member]
Business Acquisition [Line Items]
Business Acquisition, Equity Interest Issued or Issuable, Number of Shares		7,347,539
Loans Assumed		$ 150,000,000
Payments to Acquire Real Estate		$ 110,319,000
Business Combination, Acquisition Related Costs						702,000	0
Four Seasons Resort Scottsdale at Troon North [Member]
Business Acquisition [Line Items]
Payments to Acquire Real Estate			$ 140,920,000
Business Combination, Acquisition Related Costs						57,000	0
Hotel Del Coronado Venture [Member]
Business Acquisition [Line Items]
Payments to Acquire Real Estate				$ 210,000,000
Business Combination, Acquisition Related Costs						0	172,000
Business Acquisition, Percentage of Voting Interests Acquired								63.60%
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Noncurrent Liabilities, Long-term Debt								$ 475,000,000
Business Combination, Step Acquisition, Equity Interest in Acquiree, Remeasurement Gain							65,547,000
Business Combination, Step Acquisition, Equity Interest in Acquiree, Fair Value				$ 120,000,000
Fairmont Scottsdale Princess Venture [Member]
Business Acquisition [Line Items]
Payments to Acquire Real Estate					$ 90,616,000
Business Combination, Acquisition Related Costs						$ 0	100,000
Business Acquisition, Percentage of Voting Interests Acquired					50.00%
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Noncurrent Liabilities, Long-term Debt					$ 117,000,000
Business Combination, Step Acquisition, Equity Interest in Acquiree, Remeasurement Gain							$ 78,191,000
Business Combination, Step Acquisition, Equity Interest in Acquiree, Fair Value					$ 107,853,000

Investment in Hotel Propertie40

Investment in Hotel Properties, Net, Business Acquisition, Purchase Price Allocation (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2015	May. 12, 2015	Jan. 29, 2015	Dec. 31, 2014	Dec. 09, 2014	Jun. 11, 2014	Mar. 31, 2014
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Intangible assets	$ 102,230
Below market debt discount	981			$ 623
Finite-lived Intangible Assets Acquired	43,937
Four Seasons Hotel Austin [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Land		$ 26,892
Buildings		138,647
Business Acquisition, Purchase Price Allocation, Site Improvements		513
Furniture, fixtures and equipment		28,227
Improvements in progress		0
Intangible assets		2,443
Below market debt discount		0
Net working capital		(462)
Total fair value allocated		$ 196,260
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					$ 37,696
Buildings					75,740
Site improvements					7,154
Furniture, fixtures and equipment					18,866
Improvements in progress					0
Intangible assets					552
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	$ 10,049
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
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
Parking Garage Easement [Domain]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Finite-lived Intangible Assets Acquired	$ 1,437
Acquired Finite-lived Intangible Assets, Weighted Average Useful Life	39 years
Trade Names [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Indefinite-lived Intangible Assets Acquired	$ 58,293

Investment in Hotel Propertie41

Investment in Hotel Properties, Net, Business Acquisition, Income Statement Impact (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Business Combinations [Abstract]
Business Combination, Pro Forma Information, Revenue of Acquiree since Acquisition Date, Actual	$ 69,814	$ 37,993	$ 149,244	$ 37,993
Business Combination, Pro Forma Information, Earnings or Loss of Acquiree since Acquisition Date, Actual	$ 4,343	$ 3,475	$ 18,655	$ 3,475

Investment in Hotel Propertie42

Investment in Hotel Properties, Net, Business Acquisition, Pro Forma Income Statement (Details) - USD ($) $ / shares in Units, $ in Thousands	1 Months Ended	3 Months Ended		6 Months Ended
	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Business Acquisition, Pro Forma Information, Nonrecurring Adjustment [Line Items]
Stock Issued During Period, Shares, New Issues				7,348,000
Total revenue			$ 309,985		$ 573,686
Net income			22,548		166,356
Preferred shareholder dividends		$ 0	(7,169)	$ 0	(16,993)
Net income attributable to SHR common shareholders			$ 15,524		$ 152,597
Basic			$ 0.07		$ 0.66
Diluted			$ 0.06		$ 0.62
Hotel Del Coronado Venture [Member]
Business Acquisition, Pro Forma Information, Nonrecurring Adjustment [Line Items]
Stock Issued During Period, Shares, New Issues	20,000,000

Impairment Losses (Details)

Impairment Losses (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Asset Impairment Charges	$ 10,401	$ 0	$ 10,401	$ 0

Discontinued Operations (Detail

Discontinued Operations (Details) £ in Thousands	3 Months Ended	6 Months Ended		12 Months Ended
	Jun. 30, 2014USD ($)	Jun. 30, 2015USD ($)	Jun. 30, 2014USD ($)	Dec. 31, 2014USD ($)	May. 21, 2015USD ($)	Mar. 30, 2014USD ($)	Mar. 30, 2014GBP (£)
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Proceeds from sales of assets		$ 118,293,000	$ 411,503,000
Gain on sale, net of tax	$ 604,000		$ 156,429,000
Secured Debt		1,460,637,000		$ 1,705,778,000
Beneficial Owner [Member]
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Proceeds from sales of assets				206,867,000
Hyatt Regency La Jolla [Member]
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Proceeds from sales of assets		118,293,000
Gain (Loss) on Sale of Properties		40,613,000
Gain on Sale Attributable to Noncontrolling Interest		16,649,000
Four Seasons Punta Mita [Member]
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Gain on sale, net of tax				63,879,000
Marriott London Grosvenor Square [Member]
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Proceeds from sales of assets				209,407,000
Gain on sale, net of tax				92,889,000
Proceeds from sale of assets less loan repayment				97,257,000
Hyatt Regency La Jolla [Member]
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Secured Debt		$ 0		$ 89,247,000	$ 89,228,000
Marriott London Grosvenor Square [Member]
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Secured Debt						$ 112,150,000	£ 67,301

Discontinued Operations (Summar

Discontinued Operations (Summary of Income from Discontinued Operations) (Details) - Disposal Groups, Including Discontinued Operations, Name [Domain] - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Hotel operating revenues		$ 0		$ 17,767
Operating costs and expenses		0		11,485
Depreciation and amortization		0		1,275
Total operating costs and expenses		0		12,760
Operating income		0		5,007
Interest expense		0		(1,326)
Interest income		0		2
Loss on early extinguishment of debt		0		(272)
Foreign currency exchange gain		0		32
Income tax expense		0		(833)
Gain on sale, net of tax		604		156,429
Income from discontinued operations, net of tax	$ 0	$ 604	$ 0	$ 159,039

Variable Interest Entity (Detai

Variable Interest Entity (Details) - J W Marriott Essex House [Member] - USD ($) $ / shares in Units, $ in Thousands	6 Months Ended		12 Months Ended
	Jun. 30, 2015	Jun. 30, 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				$ 7.50
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	$ 0	$ 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	0	$ 2,450
Distribution from Variable Interest Entity, Amount	$ 29,400

Investment In Unconsolidated 47

Investment In Unconsolidated Affiliates (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014	Dec. 31, 2014	Jun. 11, 2014	Jun. 10, 2014	Mar. 31, 2014	Mar. 30, 2014
Schedule of Equity Method Investments [Line Items]
Total investment in unconsolidated affiliates	$ 22,850		$ 22,850		$ 22,850
Asset management, development and financing fees	262	$ 100	525	$ 200
Four Seasons RCPM [Member]
Schedule of Equity Method Investments [Line Items]
Total investment in unconsolidated affiliates	$ 3,427		$ 3,427		3,427
Percentage of ownership in unconsolidated affiliate	31.00%		31.00%
Asset management, development and financing fees	$ 0	0	$ 0	18
H5 Land Parcel [Member]
Schedule of Equity Method Investments [Line Items]
Total investment in unconsolidated affiliates	$ 19,423		19,423		$ 19,423
Distributions generated from property			$ 12,000
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
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		$ 213		$ 422
Business Acquisition, Percentage of Voting Interests Acquired						63.60%
Fairmont Scottsdale Princess Venture [Member]
Schedule of Equity Method Investments [Line Items]
Business Acquisition, Percentage of Voting Interests Acquired								50.00%
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) € in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2015USD ($)	Jun. 30, 2014USD ($)	Jun. 30, 2015USD ($)	Jun. 30, 2015EUR (€)	Jun. 30, 2014USD ($)	Dec. 31, 2014USD ($)
Property Subject to or Available for Operating Lease [Line Items]
Recognized portion of deferred gain			$ 87		$ 107
Marriott Hamburg [Member]
Property Subject to or Available for Operating Lease [Line Items]
Recognized portion of deferred gain	$ 43	$ 54	87		$ 107
Deferred gain on sale of hotels	2,700		2,700			$ 2,933
Minimum rent payment			4,270	€ 3,833
Security deposit	$ 2,117		2,117			$ 2,299
Fairmont Scottsdale Princess [Member]
Property Subject to or Available for Operating Lease [Line Items]
Operating Leases, Rent Expense, Minimum Rentals			$ 1,500

Indebtedness (Mortgages And Oth

Indebtedness (Mortgages And Other Debt Payable) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014	May. 21, 2015	Dec. 31, 2014	Jun. 11, 2014	Mar. 31, 2014
Debt Instrument [Line Items]
Mortgages payable, net of discount	$ 1,460,637		$ 1,460,637			$ 1,705,778
Morgages payable	1,805,618		1,805,618
Unamortized discount	(981)		(981)			(623)
Gains (Losses) on Extinguishment of Debt	$ (34,211)	$ 0	$ (34,211)	$ 0
London Interbank Offered Rate (LIBOR) [Member]
Debt Instrument [Line Items]
reference rate on variable rate debt	0.19%		0.19%
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)
Business Acquisition, Percentage of Voting Interests Acquired								50.00%
Hotel Del Coronado Venture [Member]
Debt Instrument [Line Items]
Business Acquisition, Percentage of Voting Interests Acquired							63.60%
Hotel Del Coronado Venture [Member]
Debt Instrument [Line Items]
Spread (basis points)			3.65%
Debt Instrument, Maturity Date Range, Start			Mar. 1, 2016
Debt Instrument, Maturity Date Range, End			Mar. 1, 2018
Mortgages payable, net of discount	$ 475,000		$ 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			May 29, 2017
Debt Instrument, Maturity Date Range, End			May 29, 2021
Mortgages payable, net of discount	120,000		$ 120,000			120,000
Mortgage loan extension period			four, one-year extension options
Four Seasons Washington D C [Member]
Debt Instrument [Line Items]
Spread (basis points)			2.25%
Debt Instrument, Maturity Date Range, Start			Jun. 30, 2017
Debt Instrument, Maturity Date Range, End			Jun. 30, 2019
Mortgages payable, net of discount	120,000		$ 120,000			120,000
Mortgage loan extension period			two, one-year extension options
J W Marriott Essex House [Member]
Debt Instrument [Line Items]
Spread (basis points)			2.95%
Debt Instrument, Maturity Date Range, Start			Jan. 1, 2018
Debt Instrument, Maturity Date Range, End			Jan. 1, 2020
Mortgages payable, net of discount	225,000		$ 225,000			225,000
Mortgage loan extension period			two, one-year extension options
Ritz-Carlton Half Moon Bay [Member]
Debt Instrument [Line Items]
Spread (basis points)			2.40%
Debt Instrument, Maturity Date Range, Start			May 1, 2020
Debt Instrument, Maturity Date Range, End			May 1, 2022
Mortgages payable, net of discount	115,000		$ 115,000			0
Mortgage loan extension period			two, one-year extension options
Inter Continental Chicago [Member]
Debt Instrument [Line Items]
Debt Instrument, Maturity Date Range, Start			Aug. 1, 2021
Debt Instrument, Maturity Date Range, End			Aug. 1, 2021
Mortgages payable, net of discount	$ 141,618		$ 141,618			142,442
Stated interest rate of notes	5.61%		5.61%
Montage Laguna Beach [Member]
Debt Instrument [Line Items]
Debt Instrument, Maturity Date Range, Start			Aug. 1, 2021
Debt Instrument, Maturity Date Range, End			Aug. 1, 2021
Mortgages payable, net of discount	$ 150,000		$ 150,000			0
Stated interest rate of notes	3.90%		3.90%
Inter Continental Miami [Member]
Debt Instrument [Line Items]
Debt Instrument, Maturity Date Range, Start			Sep. 6, 2024
Debt Instrument, Maturity Date Range, End			Sep. 6, 2024
Mortgages payable, net of discount	$ 115,000		$ 115,000			115,000
Stated interest rate of notes	3.99%		3.99%
Fairmont Scottsdale Princess Venture [Member]
Debt Instrument [Line Items]
Mortgages payable, net of discount	$ 0		$ 0			117,000
Fairmont Chicago [Member]
Debt Instrument [Line Items]
Mortgages payable, net of discount	0		0			93,124
Gains (Losses) on Extinguishment of Debt			10,455
Payments of Debt Extinguishment Costs			10,126
Westin St Francis [Member]
Debt Instrument [Line Items]
Mortgages payable, net of discount	0		0			209,588
Gains (Losses) on Extinguishment of Debt			23,559
Payments of Debt Extinguishment Costs			22,791
Hyatt Regency La Jolla [Member]
Debt Instrument [Line Items]
Mortgages payable, net of discount	0		0		$ 89,228	89,247
Mortgages payable [Member]
Debt Instrument [Line Items]
Mortgages payable, net of discount	1,460,637		1,460,637			1,705,778
Morgages payable	$ 1,461,618		$ 1,461,618			$ 1,706,401

Indebtedness (Bank Credit Facil

Indebtedness (Bank Credit Facility) (Details) $ in Thousands	6 Months Ended
	Jun. 30, 2015USD ($)	Dec. 31, 2014USD ($)
Line of Credit Facility [Line Items]
Credit facility, unsecured term loan	$ 344,000	$ 0
Line of Credit [Member]
Line of Credit Facility [Line Items]
Credit facility agreement, maximum borrowing capacity	750,000
Line of Credit Borrowing Capacity With Accordion Feature	1,000,000
Letters Of Credit Maximum Capacity	$ 60,000
Line of Credit Facility, Expiration Date	May 27, 2020
Minimum Unencumbered Assets Required by Unsecured Credit Facility	5
Minimum Corporate Fixed Charge Coverage Ratio	1.50
Maximum Corporate Leverage Percentage	60.00%
Maximum Secured Leverage Percentage	50.00%
Maximum Secured Recourse Leverage Percentage	10.00%
Maximum Unsecured Leverage Percentage	60.00%
Minimum Unsecured Interest Coverage	2
Minimum Tangible Net Worth	$ 1,834,362
Percentage Of Net Proceeds From Issuance Of Common Stock Required In Addition To Minimum Net Worth	75.00%
Line of Credit Facility, Interest Rate During Period	1.89%
Line of Credit Facility, Current Borrowing Capacity	$ 406,000
Letters of credit outstanding	$ 0
Line of Credit [Member] | Maximum [Member]
Line of Credit Facility [Line Items]
Line of Credit Facility, Unused Capacity, Commitment Fee Percentage	0.30%
Line of Credit [Member] | Minimum [Member]
Line of Credit Facility [Line Items]
Line of Credit Facility, Unused Capacity, Commitment Fee Percentage	0.20%
Previous Secured Credit Facility [Member]
Line of Credit Facility [Line Items]
Credit facility agreement, maximum borrowing capacity	$ 300,000
Unsecured Revolving Credit Facility [Member]
Line of Credit Facility [Line Items]
Credit facility agreement, maximum borrowing capacity	$ 450,000
Line of Credit Facility, Interest rate at Period End	1.84%
Credit facility, unsecured term loan	$ 44,000
Unsecured Revolving Credit Facility [Member] | London Interbank Offered Rate (LIBOR) [Member] | Maximum [Member]
Line of Credit Facility [Line Items]
Spread (basis points)	2.40%
Unsecured Revolving Credit Facility [Member] | London Interbank Offered Rate (LIBOR) [Member] | Minimum [Member]
Line of Credit Facility [Line Items]
Spread (basis points)	1.65%
Unsecured Revolving Credit Facility [Member] | Base Rate [Member] | Maximum [Member]
Line of Credit Facility [Line Items]
Spread (basis points)	1.40%
Unsecured Revolving Credit Facility [Member] | Base Rate [Member] | Minimum [Member]
Line of Credit Facility [Line Items]
Spread (basis points)	0.65%
Unsecured Term Loan [Member]
Line of Credit Facility [Line Items]
Credit facility agreement, maximum borrowing capacity	$ 300,000
Line of Credit Facility, Interest rate at Period End	1.79%
Credit facility, unsecured term loan	$ 300,000	$ 0
Unsecured Term Loan [Member] | London Interbank Offered Rate (LIBOR) [Member] | Maximum [Member]
Line of Credit Facility [Line Items]
Spread (basis points)	2.35%
Unsecured Term Loan [Member] | London Interbank Offered Rate (LIBOR) [Member] | Minimum [Member]
Line of Credit Facility [Line Items]
Spread (basis points)	1.60%
Unsecured Term Loan [Member] | Base Rate [Member] | Maximum [Member]
Line of Credit Facility [Line Items]
Spread (basis points)	1.35%
Unsecured Term Loan [Member] | Base Rate [Member] | Minimum [Member]
Line of Credit Facility [Line Items]
Spread (basis points)	0.60%

Indebtedness (Debt Maturity) (D

Indebtedness (Debt Maturity) (Details) - USD ($) $ in Thousands	Jun. 30, 2015	Dec. 31, 2014
Debt Instrument [Line Items]
2015 (remainder)	$ 1,126
2,016	477,040
2,017	243,066
2,018	230,033
2,019	5,276
Thereafter	849,077
Long-term Debt, Gross	1,805,618
Unamortized discount	(981)	$ (623)
Total	1,804,637
Extended Maturity [Member]
Debt Instrument [Line Items]
2015 (remainder)	1,126
2,016	2,040
2,017	3,066
2,018	480,033
2,019	125,276
Thereafter	1,194,077
Long-term Debt, Gross	1,805,618
Unamortized discount	(981)
Total	$ 1,804,637

Indebtedness (Interest Expense)

Indebtedness (Interest Expense) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Debt Instrument [Line Items]
Capitalized interest	$ 202	$ 167	$ 315	$ 395
Amortization of deferred financing costs	$ 932	$ 1,147	$ 1,827	$ 2,554

Equity And Distribution Activ53

Equity And Distribution Activity (Narrative) (Details) - USD ($) $ / shares in Units, $ in Thousands	1 Months Ended			6 Months Ended
	Jan. 31, 2015	Jul. 31, 2014	Apr. 30, 2014	Jun. 30, 2015	Jun. 30, 2014	Jan. 05, 2015	Dec. 31, 2014	Jul. 03, 2014	Apr. 03, 2014
Class of Stock [Line Items]
Stock Issued During Period, Shares, New Issues				7,348,000
Payments for Repurchase of Redeemable Preferred Stock				$ 90,391	$ 103,788
Payments of Ordinary Dividends, Preferred Stock and Preference Stock				$ 104	$ 9,953
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, Dividend Rate, Percentage	8.25%
Preferred Stock, Liquidation Preference Per Share						$ 25
Payments for Repurchase of Redeemable Preferred Stock	$ 90,384
Preferred Stock, Dividends, Per Share, Cash Paid	$ 0.028646
Payments of Ordinary Dividends, Preferred Stock and Preference Stock	$ 104
Series C Preferred Stock [Member]
Class of Stock [Line Items]
Stock Redeemed or Called During Period, Shares		3,827,727
Preferred Stock, Dividend Rate, Percentage				8.25%
Preferred Stock, Liquidation Preference Per Share								$ 25
Payments for Repurchase of Redeemable Preferred Stock		$ 95,693
Preferred Stock, Dividends, Per Share, Cash Paid		$ 0.01719
Payments of Ordinary Dividends, Preferred Stock and Preference Stock		$ 66
Series A Preferred Stock [Member]
Class of Stock [Line Items]
Stock Redeemed or Called During Period, Shares			4,148,141
Preferred Stock, Dividend Rate, Percentage				8.50%
Preferred Stock, Liquidation Preference Per Share									$ 25
Payments for Repurchase of Redeemable Preferred Stock			$ 103,704
Preferred Stock, Dividends, Per Share, Cash Paid			$ 0.54896
Payments of Ordinary Dividends, Preferred Stock and Preference Stock			$ 2,227
ATM Program [Member]
Class of Stock [Line Items]
Maximum Aggregate Offering Price Of Common Shares Available For Sale				$ 250,000
Stock Issued During Period, Shares, New Issues				0

Equity And Distribution Activ54

Equity And Distribution Activity (Schedule Of Changes In Issued And Outstanding Shares) (Details) - Entity [Domain] shares in Thousands	6 Months Ended
	Jun. 30, 2015shares
Shares of common stock [Roll Forward]
Shares Outstanding, Beginning	267,436
Stock Issued During Period, Shares, New Issues	7,348
Shares Outstanding, Ending	275,495
Restricted Stock Units [Member]
Shares of common stock [Roll Forward]
RSUs and OP units redeemed for shares of SHR common stock	711

Equity And Distribution Activ55

Equity And Distribution Activity (Effects of Changes in Company's Ownership Interests in Noncontrolling Affiliates) (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014	Dec. 31, 2014	Jun. 10, 2014	Dec. 31, 2013
Noncontrolling Interest [Line Items]
Redeemable Noncontrolling Interest, Equity, Redemption Value	$ 9,619		$ 9,619		$ 10,500
Stockholders' Equity Attributable to Noncontrolling Interest [Roll Forward]
Beginning Balance			1,541,749
Net income	6,698	$ 88,009	22,509	$ 314,991
CTA	9	(5)	(126)	18,779
Derivative activity	2,459	$ 3,157	5,572	$ 3,490
Ending Balance	$ 1,640,735		$ 1,640,735
Temporary Equity, Redemption Price Per Share	$ 12.12	$ 11.71	$ 12.12	$ 11.71	$ 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			100,604	415,419
Net income			22,509	314,991
CTA			(126)	18,707
Derivative activity			5,556	3,479
Share-based compensation			1,128	1,852
Preferred stock redemption			(7)	(199,480)
Declared distributions to preferred shareholders				(10,081)
Redemption value adjustment			1,137	282
Contributions from holders of noncontrolling interests in consolidated affiliates				0
Noncontrolling Interest, Decrease from Distributions to Noncontrolling Interest Holders			$ 0	0
Elimination of noncontrolling interest
Other			$ 160	468
Ending Balance	$ 1,578,418	$ 1,256,150	1,578,418	1,256,150
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	0
Net income			13,454	(4,258)
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			(40,801)	(7)
Elimination of noncontrolling interest			$ (4,628)
Other				0
Ending Balance	62,317	90,540	$ 62,317	90,540
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			100,604	415,419
Net income			35,963	310,733
CTA			(126)	18,707
Derivative activity			5,556	3,479
Share-based compensation			1,128	1,852
Preferred stock redemption			(7)	(199,480)
Declared distributions to preferred shareholders				(10,081)
Redemption value adjustment			1,137	282
Contributions from holders of noncontrolling interests in consolidated affiliates				2,450
Noncontrolling Interest, Decrease from Distributions to Noncontrolling Interest Holders			(40,801)	(7)
Elimination of noncontrolling interest			(4,628)
Other			160	468
Ending Balance	1,640,735	1,346,690	1,640,735	1,346,690
Total Redeemable Non Controlling Interests Temporary Equity [Member]
Noncontrolling Interest [Line Items]
Redeemable Noncontrolling Interest, Equity, Redemption Value	$ 9,619	$ 9,336	9,619	9,336	$ 10,500		$ 7,534
Stockholders' Equity Attributable to Noncontrolling Interest [Roll Forward]
Stock Issued During Period, Value, New Issues			293	1,334
Net income			104	1,130
CTA			0	72
Derivative activity			16	11
Share-based compensation			3	5
Preferred stock redemption			0	0
Declared distributions to preferred shareholders				0
Redemption value adjustment			(1,137)	(282)
Contributions from holders of noncontrolling interests in consolidated affiliates				0
Noncontrolling Interest, Decrease from Distributions to Noncontrolling Interest Holders			0	0
Elimination of noncontrolling interest			0
Other			$ (160)	$ (468)
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) - Range [Domain] $ in Thousands	1 Months Ended	6 Months Ended
	Apr. 30, 2014USD ($)	Jun. 30, 2015USD ($)	Jun. 30, 2014USD ($)
Derivative Instruments, Gain (Loss) [Line Items]
Interest Rate Swap Termination Costs		$ 0	$ 22,325
Cash Flow Hedging [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Cash Flow Hedge Loss to be Reclassified within Twelve Months		$ 5,326
Interest Rate Swaps [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Interest Rate Swap Termination Costs			$ 22,325
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) $ in Thousands	1 Months Ended	6 Months Ended
	Apr. 30, 2014USD ($)	Jun. 30, 2015USD ($)	Jun. 30, 2014USD ($)	Dec. 31, 2014USD ($)
Derivative Instruments, Gain (Loss) [Line Items]
Interest Rate Swap Termination Costs		$ 0	$ 22,325
Interest Rate Swaps [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Interest Rate Swap Termination Costs			$ 22,325
Not Designated as Hedging Instrument [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Interest Rate Swap Termination Costs	$ 5,281
Number Of Interest Rate Swaps Terminated	2
Not Designated as Hedging Instrument [Member] | Interest Rate Cap [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Number of Instruments		10
Derivative, Notional Amount		$ 1,427,000		$ 1,429,000
Interest rate, fixed rate, lower range		2.05%
Interest rate, fixed rate, higher range		4.55%
Not Designated as Hedging Instrument [Member] | Minimum [Member] | Interest Rate Cap [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Interest rate derivative instrument, maturity date		Jul. 14, 2015
Not Designated as Hedging Instrument [Member] | Maximum [Member] | Interest Rate Cap [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Interest rate derivative instrument, maturity date		Jul. 1, 2017

Derivatives (Fair Values Of Der

Derivatives (Fair Values Of Derivative Instruments) (Details) - USD ($) $ in Thousands	1 Months Ended	6 Months Ended
	Apr. 30, 2014	Jun. 30, 2015	Jun. 30, 2014	Dec. 31, 2014
Derivative Instruments, Gain (Loss) [Line Items]
Interest Rate Swap Termination Costs		$ 0	$ 22,325
Interest Rate Swaps [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Interest Rate Swap Termination Costs			$ 22,325
Designated as Hedging Instrument [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Interest Rate Swap Termination Costs	$ 17,428
Not Designated As Hedging Instruments [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Interest Rate Swap Termination Costs	$ 5,281
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		$ 12		$ 113

Derivatives (Interest Rate Swap

Derivatives (Interest Rate Swap Liabilities) (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Interest Rate Swap Termination Costs	$ 0	$ 22,325
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)
Interest Rate Swap Termination Costs		22,325
Impact Of Mark To Market Adjustments		5,596
Interest rate swap fair value, Ending balance		$ 0

Derivatives (Effect Of Derivati

Derivatives (Effect Of Derivative Instruments On The Statements Of Operations) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 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	$ (141)	$ 0	$ (358)
Effective portion of loss reclassified into interest expense	(2,459)	(3,298)	(5,572)	(6,497)
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	(37)	0	(129)
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	$ (30)	$ (11)	$ (146)	$ (34)

Share-Based Employee Compensa61

Share-Based Employee Compensation Plans (Narrative) (Details) - USD ($) $ in Thousands	1 Months Ended	3 Months Ended		6 Months Ended
	Feb. 28, 2015	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share based compensation expense		$ 1,856	$ 1,392	$ 3,740	$ 2,850
Restricted Stock Units [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Equity awards other than options granted in the period				294,243
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period				3 years
Unrecognized compensation expense		4,844		$ 4,844
Weighted average recognition period (years) of unrecognized compensation expense				1 year 8 months 22 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		$ 6,276		$ 6,276
Weighted average recognition period (years) of unrecognized compensation expense				2 years 18 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%		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%		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		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		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		9,700,000

Related Party Transactions (Det

Related Party Transactions (Details) - USD ($)	6 Months Ended		12 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Dec. 31, 2014	Feb. 28, 2014
Related Party Transaction [Line Items]
Proceeds from sales of assets	$ 118,293,000	$ 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) - Jun. 30, 2015 - USD ($) $ in Thousands	Total
J W Marriott Essex House [Member]
Long-term Purchase Commitment [Line Items]
Purchase Commitments	$ 504
Completion date of purchase commitments	9/30/2015
Office Space Lease [Member]
Long-term Purchase Commitment [Line Items]
Outstanding letter of credit	$ 75

Commitments And Contingencies64

Commitments And Contingencies (Unrecorded Unconditional Purchase Obligation) (Details) $ in Thousands	Jun. 30, 2015USD ($)
Capital Addition Purchase Commitments [Member]
Unrecorded Unconditional Purchase Obligation [Line Items]
Unrecorded Unconditional Purchase Obligation, Due in Next Rolling Twelve Months	$ 24,054

Fair Value Of Financial Instr65

Fair Value Of Financial Instruments (Details) - USD ($) $ in Thousands	Jun. 30, 2015	Dec. 31, 2014
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Long-term Debt, Fair Value	$ 1,820,000	$ 1,726,000

Management Agreements (Details)

Management Agreements (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended		34 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Sep. 14, 2012
Revenue related to Performance Guarantee					$ 20,000
Performance guarantee recorded as deferred revenue	$ 9,827		$ 9,827		$ 9,827
Essex House performance gurarantee maximum						$ 40,000
Performance Guarantee Threshold						$ 20,000
Asset management fees	$ 262	$ 100	$ 525	$ 200

Subsequent Events (Details)

Subsequent Events (Details)	1 Months Ended
	Jul. 31, 2015shares
J W Marriott Essex House [Member] | Subsequent Event [Member]
Subsequent Event [Line Items]
Stock Issued During Period, Shares, Other	6,595,449

Uncategorized Items - bee-20150

Label	Element	Value
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest	us-gaap_ProfitLoss	$ 23,653
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest	us-gaap_ProfitLoss	88,073
Business Combination, Step Acquisition, Equity Interest in Acquiree, Remeasurement Gain (Loss), Net	us-gaap_BusinessCombinationStepAcquisitionEquityInterestInAcquireeRemeasurementGainOrLoss	0
Business Combination, Step Acquisition, Equity Interest in Acquiree, Remeasurement Gain (Loss), Net	us-gaap_BusinessCombinationStepAcquisitionEquityInterestInAcquireeRemeasurementGainOrLoss	65,349
Income (Loss) from Equity Method Investments	us-gaap_IncomeLossFromEquityMethodInvestments	0
Income (Loss) from Equity Method Investments	us-gaap_IncomeLossFromEquityMethodInvestments	$ 826