Chesapeake Lodging Trust (CHSP) 10-Q 4 Aug 14 2014 Q2 Quarterly report Financial data

Document_and_Entity_Informatio

Document and Entity Information	6 Months Ended
	Jun. 30, 2014	Jul. 31, 2014
Document and Entity Information [Abstract]	'	'
Entity Registrant Name	'Chesapeake Lodging Trust	'
Entity Central Index Key	'0001473078	'
Document Type	'10-Q	'
Amendment Flag	'false	'
Document Period End Date	30-Jun-14	'
Document Fiscal Year Focus	'2014	'
Document Fiscal Period Focus	'Q2	'
Current Fiscal Year End Date	'--12-31	'
Entity Filer Category	'Large Accelerated Filer	'
Entity Common Stock, Shares Outstanding	'	50,048,154

Consolidated_Balance_Sheets_Un

Consolidated Balance Sheets (Unaudited) (USD $)	Jun. 30, 2014	Dec. 31, 2013
In Thousands, unless otherwise specified
ASSETS	'	'
Property and equipment, net	$1,440,848	$1,422,439
Intangible assets, net	38,480	38,781
Cash and cash equivalents	40,047	28,713
Restricted cash	36,313	34,235
Accounts receivable, net of allowance for doubtful accounts of $116 and $91, respectively	21,123	13,011
Prepaid expenses and other assets	15,362	10,478
Deferred financing costs, net of accumulated amortization of $4,943 and $3,497, respectively	5,178	6,501
Total assets	1,597,351	1,554,158
LIABILITIES AND SHAREHOLDERS’ EQUITY	'	'
Long-term debt	576,776	531,771
Accounts payable and accrued expenses	51,440	45,982
Other liabilities	31,564	29,848
Total liabilities	659,780	607,601
Commitments and contingencies (Note 10)	'	'
Preferred shares, $.01 par value; 100,000,000 shares authorized; Series A Cumulative Redeemable Preferred Shares; 5,000,000 shares issued and outstanding, respectively ($127,422 liquidation preference)	50	50
Common shares, $.01 par value; 400,000,000 shares authorized; 50,048,154 shares and 49,574,005 shares issued and outstanding, respectively	501	496
Additional paid-in capital	993,801	991,417
Cumulative dividends in excess of net income	-56,781	-45,339
Accumulated other comprehensive loss	0	-67
Total shareholders’ equity	937,571	946,557
Total liabilities and shareholders’ equity	$1,597,351	$1,554,158

Consolidated_Balance_Sheets_Pa

Consolidated Balance Sheets (Parenthetical) (Unaudited) (USD $)	Jun. 30, 2014	Dec. 31, 2013
In Thousands, except Share data, unless otherwise specified
ASSETS	'	'
Allowance for doubtful accounts	$116	$91
Deferred financing costs, accumulated amortization	4,943	3,497
LIABILITIES AND SHAREHOLDERS’ EQUITY	'	'
Preferred shares, par value (in dollars per share)	$0.01	$0.01
Preferred shares, liquidation preference, value	$127,422	$127,422
Preferred shares, authorized (in shares)	100,000,000	100,000,000
Preferred shares, issued (in shares)	5,000,000	5,000,000
Preferred shares, outstanding (in shares)	5,000,000	5,000,000
Common shares, par value (in dollars per share)	$0.01	$0.01
Common shares, authorized (in shares)	400,000,000	400,000,000
Common shares, issued (in shares)	'	49,574,005
Common shares, outstanding (in shares)	50,048,154	49,574,005

Consolidated_Statements_of_Ope

Consolidated Statements of Operations (Unaudited) (USD $)	3 Months Ended		6 Months Ended
In Thousands, except Per Share data, unless otherwise specified	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014	Jun. 30, 2013
Revenues [Abstract]	'	'	'	'
Rooms	$98,118	$86,946	$168,957	$138,490
Food and beverage	26,063	24,313	46,331	40,225
Other	4,684	4,311	8,351	7,456
Total revenue	128,865	115,570	223,639	186,171
Hotel operating expenses:	'	'	'	'
Rooms	21,326	19,167	39,945	33,186
Food and beverage	18,730	17,142	34,940	29,734
Other direct	1,998	1,936	3,779	3,707
Indirect	39,633	35,125	75,782	61,705
Total hotel operating expenses	81,687	73,370	154,446	128,332
Depreciation and amortization	12,524	10,838	25,022	19,677
Air rights contract amortization	130	130	260	260
Corporate general and administrative	3,891	3,643	7,811	6,985
Hotel acquisition costs	0	1,237	0	4,136
Total operating expenses	98,232	89,218	187,539	159,390
Operating income	30,633	26,352	36,100	26,781
Interest income	0	25	0	243
Interest expense	-6,828	-6,346	-13,514	-11,787
Income before income taxes	23,805	20,031	22,586	15,237
Income tax benefit (expense)	-2,556	-2,974	841	-690
Net income	21,249	17,057	23,427	14,547
Preferred share dividends	-2,422	-2,422	-4,844	-4,844
Net income available to common shareholders	$18,827	$14,635	$18,583	$9,703
Net income available per common share—basic and diluted	$0.38	$0.30	$0.37	$0.21

Consolidated_Statements_of_Com

Consolidated Statements of Comprehensive Income (Unaudited) (USD $)	3 Months Ended		6 Months Ended
In Thousands, unless otherwise specified	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014	Jun. 30, 2013
Statement of Comprehensive Income [Abstract]	'	'	'	'
Net income	$21,249	$17,057	$23,427	$14,547
Other comprehensive income:	'	'	'	'
Unrealized losses on cash flow hedge instruments	0	-13	-9	-55
Reclassification of unrealized losses on cash flow hedge instruments to interest expense	39	278	76	537
Comprehensive income	$21,288	$17,322	$23,494	$15,029

Consolidated_Statements_of_Sha

Consolidated Statements of Shareholders' Equity (Unaudited) (USD $)	Total	Preferred Shares	Common Shares	Additional Paid-In Capital	Cumulative Dividends in Excess of Net Income	Accumulated Other Comprehensive Loss
In Thousands, except Share data, unless otherwise specified
Balance, beginning at Dec. 31, 2013	$946,557	$50	$496	$991,417	($45,339)	($67)
Beginning balance, common shares, shares outstanding at Dec. 31, 2013	49,574,005	'	49,574,005	'	'	'
Beginning balance, preferred shares, shares outstanding at Dec. 31, 2013	5,000,000	5,000,000	'	'	'	'
Increase (Decrease) in Stockholders' Equity [Roll Forward]	'	'	'	'	'	'
Repurchase of common shares	-430	'	'	-430	'	'
Repurchase of common shares (in shares)	-18,104	'	-18,104	'	'	'
Issuance of restricted common shares, value	0	'	5	-5	'	'
Issuance of restricted common shares (in shares)	491,564	'	491,564	'	'	'
Issuance of unrestricted common shares, value	40	'	'	40	'	'
Issuance of unrestricted common shares (in shares)	1,439	'	1,439	'	'	'
Forfeiture of restricted common shares (in shares)	'	'	-750	'	'	'
Forfeiture of restricted common shares, value	0	'	'	'	'	'
Amortization of deferred compensation	2,779	'	'	2,779	'	'
Declaration of dividends on common shares	-30,025	'	'	'	-30,025	'
Declaration of dividends on preferred shares	-4,844	'	'	'	-4,844	'
Net income	23,427	'	'	'	23,427	'
Other comprehensive income	67	'	'	'	'	67
Balance, ending at Jun. 30, 2014	$937,571	$50	$501	$993,801	($56,781)	$0
Ending balance, common shares, shares outstanding at Jun. 30, 2014	50,048,154	'	50,048,154	'	'	'
Ending balance, preferred shares, shares outstanding at Jun. 30, 2014	5,000,000	5,000,000	'	'	'	'

Consolidated_Statements_of_Cas

Consolidated Statements of Cash Flows (Unaudited) (USD $)	6 Months Ended
In Thousands, unless otherwise specified	Jun. 30, 2014	Jun. 30, 2013
Cash flows from operating activities:	'	'
Net income	$23,427	$14,547
Adjustments to reconcile net income to net cash provided by operating activities:	'	'
Depreciation and amortization	25,022	19,677
Air rights contract amortization	260	260
Deferred financing costs amortization	1,446	1,372
Share-based compensation	2,819	2,277
Other	-282	-275
Changes in assets and liabilities:	'	'
Accounts receivable, net	-8,112	-12,458
Prepaid expenses and other assets	-2,769	-1,658
Accounts payable and accrued expenses	5,078	11,323
Other liabilities	-14	788
Net cash provided by operating activities	46,875	35,853
Cash flows from investing activities:	'	'
Acquisition of hotels, net of cash acquired	0	-331,058
Receipt of deposit on hotel acquisition	0	700
Improvements and additions to hotels	-43,431	-9,979
Repayment of hotel construction loan	0	7,810
Change in restricted cash	-2,078	-3,872
Net cash used in investing activities	-45,509	-336,399
Cash flows from financing activities:	'	'
Proceeds from sale of common shares, net of underwriting fees	0	166,083
Payment of offering costs related to sale of common shares	0	-215
Borrowings under revolving credit facility	50,000	105,000
Repayments under revolving credit facility	0	-55,000
Proceeds from issuance of mortgage debt	0	127,000
Scheduled principal payments on mortgage debt	-4,889	-1,701
Payment of deferred financing costs	-123	-1,769
Deposits on loan applications	-2,115	-3,032
Payment of dividends to common shareholders	-27,631	-20,322
Payment of dividends to preferred shareholders	-4,844	-4,844
Repurchase of common shares	-430	-1,088
Net cash provided by financing activities	9,968	310,112
Net increase in cash	11,334	9,566
Cash and cash equivalents, beginning of period	28,713	33,194
Cash and cash equivalents, end of period	40,047	42,760
Supplemental disclosure of cash flow information:	'	'
Cash paid for interest	12,164	10,154
Cash paid for income taxes	$260	$826

Organization_and_Description_o

Organization and Description of Business	6 Months Ended
	Jun. 30, 2014
Organization, Consolidation and Presentation of Financial Statements [Abstract]	'
Organization and Description of Business	'
	1. Organization and Description of Business
	Chesapeake Lodging Trust (the “Trust”) is a self-advised real estate investment trust (“REIT”) that was organized in the state of Maryland in June 2009. The Trust is focused on investments primarily in upper-upscale hotels in major business and convention markets and, on a selective basis, premium select-service hotels in urban settings or unique locations in the United States of America (“U.S.”). The Trust completed its initial public offering (“IPO”) in January 2010. As of June 30, 2014, the Trust owned 20 hotels with an aggregate of 5,932 rooms in eight states and the District of Columbia.
	Substantially all of the Trust’s assets are held by, and all of its operations are conducted through, Chesapeake Lodging, L.P., a Delaware limited partnership, which is wholly owned by the Trust (the “Operating Partnership”). For the Trust to qualify as a REIT, it cannot operate hotels. Therefore, the Operating Partnership leases its hotels to CHSP TRS LLC (“CHSP TRS”), which is a wholly owned subsidiary of the Operating Partnership. CHSP TRS then engages hotel management companies to operate the hotels pursuant to management agreements. CHSP TRS is treated as a taxable REIT subsidiary for federal income tax purposes.

Summary_of_Significant_Account

Summary of Significant Accounting Policies	6 Months Ended
	Jun. 30, 2014
Accounting Policies [Abstract]	'
Summary of Significant Accounting Policies	'
	2. Summary of Significant Accounting Policies
	Basis of Presentation—The interim consolidated financial statements presented herein include all of the accounts of Chesapeake Lodging Trust and its subsidiaries. All intercompany accounts and transactions have been eliminated in consolidation. Certain reclassifications have been made to the prior year financial statements to conform to the current year presentation. These reclassifications had no effect on previously reported results of operations or retained earnings.
	The interim consolidated statement of operations for the three months ended June 30, 2014 includes the operating activity of 20 hotels for the full period, whereas the interim consolidated statement of operations for the three months ended June 30, 2013 includes the operating activity of 17 hotels for the full period and three hotels for part of the period. The interim consolidated statement of operations for the six months ended June 30, 2014 includes the operating activity of 20 hotels for the full period, whereas the interim consolidated statement of operations for the six months ended June 30, 2013 includes the operating activity of 15 hotels for the full period and five hotels for part of the period.
	The information in these interim consolidated financial statements is unaudited but, in the opinion of management, reflects all adjustments necessary for a fair presentation of the results for the periods covered. All such adjustments are of a normal, recurring nature unless disclosed otherwise. These interim consolidated financial statements, including notes, have been prepared in accordance with the applicable rules of the Securities and Exchange Commission (“SEC”) and do not include all of the information and disclosures required by U.S. generally accepted accounting principles (“GAAP”) for complete financial statements. These interim consolidated financial statements should be read in conjunction with the audited consolidated financial statements and accompanying notes included in the Trust's Form 10-K for the year ended December 31, 2013.
	Cash and Cash Equivalents—The Trust considers all highly liquid investments with an original maturity of three months or less to be cash equivalents.
	Restricted Cash—Restricted cash includes reserves held in escrow for normal replacements of furniture, fixtures and equipment (“FF&E”), property improvement plans (each, a “PIP”), real estate taxes, and insurance pursuant to certain requirements in the Trust’s hotel management, franchise, and loan agreements.
	Investments in Hotels—The Trust allocates the purchase prices of hotels acquired based on the fair value of the property, FF&E, and identifiable intangible assets acquired and the fair value of the liabilities assumed. In making estimates of fair value for purposes of allocating the purchase price, the Trust utilizes a number of sources of information that are obtained in connection with the acquisition of a hotel, including valuations performed by independent third parties and cost segregation studies. The Trust also considers information obtained about each hotel as a result of its pre-acquisition due diligence in estimating the fair value of the tangible and intangible assets acquired and liabilities assumed. Hotel acquisition costs, such as transfer taxes, title insurance, environmental and property condition reviews, and legal and accounting fees, are expensed in the period incurred.
	Property and equipment are depreciated using the straight-line method over the estimated useful lives of the assets, generally 15 to 40 years for buildings and building improvements and three to ten years for FF&E. Leasehold improvements are amortized over the shorter of the lease term or the useful lives of the related assets. Replacements and improvements at the hotels are capitalized, while repairs and maintenance are expensed as incurred. Upon the sale or retirement of property and equipment, the cost and related accumulated depreciation are removed from the Trust’s accounts and any resulting gain or loss is recognized in the consolidated statements of operations.
	Intangible assets and liabilities are recorded on non-market contracts, including air rights, lease, management, and franchise agreements, assumed as part of the acquisition of certain hotels. Above-market and below-market contract values are based on the present value of the difference between contractual amounts to be paid pursuant to the contracts assumed and the Trust’s estimate of the fair market contract rates for corresponding contracts measured over a period equal to the remaining non-cancelable term of the contracts assumed. No value is allocated to market contracts. Intangible assets and liabilities are amortized using the straight-line method over the remaining non-cancelable term of the related contracts.
	The Trust reviews its hotels for impairment whenever events or changes in circumstances indicate that the carrying values of the hotels may not be recoverable. Events or circumstances that may cause a review include, but are not limited to, adverse changes in the demand for lodging at the hotels due to declining national or local economic conditions and/or new hotel construction in markets where the hotels are located. When such conditions exist, management performs an analysis to determine if the estimated undiscounted future cash flows from operations and the proceeds from the ultimate disposition of a hotel exceed its carrying value. If the estimated undiscounted future cash flows are less than the carrying amount of the asset, an adjustment to reduce the carrying amount to the related hotel’s estimated fair market value is recorded and an impairment loss is recognized. No impairment losses have been recognized for the three and six months ended June 30, 2014 and 2013.
	The Trust classifies a hotel as held for sale in the period in which it has made the decision to dispose of the hotel, a binding agreement to purchase the hotel has been signed under which the buyer has committed a significant amount of nonrefundable cash, and no significant financing contingencies exist which could cause the transaction not to be completed in a timely manner. If these criteria are met, depreciation and amortization of the hotel will cease and an impairment loss will be recognized if the fair value of the hotel, less the costs to sell, is lower than the carrying amount of the hotel. The Trust will classify the loss, together with the related operating results, as discontinued operations in the consolidated statements of operations and classify the related assets and liabilities as held for sale in the consolidated balance sheets. As of June 30, 2014, the Trust had no assets held for sale or liabilities related to assets held for sale.
	Revenue Recognition—Revenues from operations of the hotels are recognized when the services are provided. Revenues consist of room sales, food and beverage sales, and other hotel department revenues, such as parking, marina, telephone, and gift shop sales.
	Prepaid Expenses and Other Assets—Prepaid expenses and other assets consist of prepaid real estate taxes, prepaid insurance, deposits on hotel acquisitions and loan applications, deferred franchise costs, inventories, and other assets.
	Deferred Financing Costs—Deferred financing costs are recorded at cost and consist of loan fees and other costs incurred in issuing debt. Amortization of deferred financing costs is computed using a method that approximates the effective interest method over the term of the related debt and is included in interest expense in the consolidated statements of operations.
	Derivative Instruments—The Trust is a party to interest rate swaps, which are considered derivative instruments, in order to manage its interest rate exposure. The Trust’s interest rate risk management objective is to limit the impact of interest rate changes on earnings and cash flows. The Trust records these derivative instruments at fair value as either assets or liabilities and has designated them as cash flow hedging instruments at inception. The Trust evaluates the hedge effectiveness of the designated cash flow hedging instruments on a quarterly basis and records the effective portion of the change in the fair value of the cash flow hedging instruments as other comprehensive income (loss). Amounts reported in accumulated other comprehensive income (loss) related to cash flow hedging instruments are reclassified to interest expense as interest payments are made on the variable-rate debt being hedged. The Trust does not enter into derivative instruments for trading or speculative purposes and monitors the financial stability and credit standing of its counterparties.
	Fair Value Measurements—The Trust accounts for certain assets and liabilities at fair value. In evaluating the fair value of both financial and non-financial assets and liabilities, GAAP outlines a valuation framework and creates a fair value hierarchy that distinguishes between market assumptions based on market data (observable inputs) and the reporting entity’s own assumptions about market data (unobservable inputs). The three levels of the fair value hierarchy are as follows:
	Level 1 – Inputs are quoted prices (unadjusted) in active markets for identical assets or liabilities that are accessible at the measurement date. An active market is defined as a market in which transactions occur with sufficient frequency and volume to provide pricing on an ongoing basis.
	Level 2 – Inputs include quoted prices in active markets for similar assets and liabilities, quoted prices for identical or similar assets or liabilities in markets that are not active (markets with few transactions), inputs other than quoted prices that are observable for the asset or liability (e.g., interest rates, yield curves), and inputs that are derived principally from or corroborated by observable market data correlation or other means.
	Level 3 – Unobservable inputs reflect the reporting entity’s own assumptions about the pricing of an asset or liability when observable inputs are not available or when there is minimal, if any, market activity for an identical or similar asset or liability at the measurement date.
	Income Taxes—The Trust has elected to be taxed as a REIT under Sections 856 through 860 of the Internal Revenue Code. As a REIT, the Trust generally will not be subject to federal income tax on that portion of its net income that does not relate to CHSP TRS, the Trust’s wholly owned taxable REIT subsidiary, and that is currently distributed to its shareholders. CHSP TRS, which leases the Trust’s hotels from the Operating Partnership, is subject to federal and state income taxes.
	The Trust accounts for income taxes using the asset and liability method under which deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases. Valuation allowances are provided if based upon the weight of the available evidence, it is more likely than not that some or all of the deferred tax assets will not be realized.
	Share-Based Compensation—From time to time, the Trust grants restricted share awards to employees and trustees. To date, the Trust has granted two types of restricted share awards: (1) awards that vest solely on continued employment or service (time-based awards) and (2) awards that vest based on the Trust achieving specified levels of relative total shareholder return and continued employment (performance-based awards). The Trust measures share-based compensation expense for the restricted share awards based on the fair value of the awards on the date of grant. The fair value of time-based awards is determined based on the closing price of the Trust’s common shares on the measurement date, which is generally the date of grant. The fair value of performance-based awards is determined using a Monte Carlo simulation performed by an independent third party. For time-based awards, share-based compensation expense is recognized on a straight-line basis over the life of the entire award. For performance-based awards, share-based compensation expense is recognized over the requisite service period for each award. No share-based compensation expense is recognized for awards for which employees or trustees do not render the requisite service.
	Earnings Per Share—Basic earnings per share is computed by dividing net income available to common shareholders, adjusted for dividends declared on and undistributed earnings allocated to unvested time-based awards, by the weighted-average number of common shares outstanding during the period. Diluted earnings per share is computed by dividing net income available to common shareholders, adjusted for dividends declared on and undistributed earnings allocated to unvested time-based awards, by the weighted-average number of common shares outstanding, plus potentially dilutive securities, such as unvested performance-based awards, during the period. The Trust’s unvested time-based awards are entitled to receive non-forfeitable dividends, if declared. Therefore, unvested time-based awards qualify as participating securities, requiring the allocation of dividends and undistributed earnings under the two-class method to calculate basic earnings per share. The percentage of undistributed earnings allocated to the unvested time-based awards is based on the proportion of the weighted-average unvested time-based awards outstanding during the period to the total of the weighted-average common shares and unvested time-based awards outstanding during the period. No adjustment is made for shares that are anti-dilutive during the period.
	Segment Information—The Trust has determined that its business is conducted in one reportable segment, hotel ownership.
	Use of Estimates—The preparation of the interim 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 interim consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.
	Recent Accounting Pronouncements—In April 2014, the Financial Accounting Standards Board (the “FASB”) issued updated accounting guidance for reporting discontinued operations and disposals of components of an entity. Under the new accounting guidance only disposals representing a strategic shift that has (or will have) a major effect on an entity’s financial results or a business activity classified as held for sale should be reported as discontinued operations. The update also expands the disclosure requirements for discontinued operations and adds new disclosures for individually significant dispositions that do not meet the definition of discontinued operations. The new accounting guidance is to be applied prospectively and is effective for interim and annual periods beginning on or after December 15, 2014 (early adoption is permitted only for disposals that have not been previously reported). Upon adoption, this guidance will impact the Trust’s classification of discontinued operations and disclosures regarding any future dispositions.
	In May 2014, the FASB issued updated accounting guidance for recognition of revenue from contracts with customers. The comprehensive new accounting guidance will supersede existing revenue recognition guidance and require revenue to be recognized when promised goods or services are transferred to customers in amounts that reflect the consideration to which the company expects to be entitled in exchange for those goods or services. The new accounting guidance is to be applied prospectively and is effective for interim and annual periods beginning on or after December 15, 2016. The Trust will adopt the new accounting guidance on January 1, 2017. The Trust is currently evaluating the impact, if any, that the adoption of this new accounting guidance will have on its consolidated financial statements.

Property_and_Equipment

Property and Equipment	6 Months Ended
	Jun. 30, 2014
Property, Plant and Equipment [Abstract]	'
Property and Equipment	'
	3. Property and Equipment
	Property and equipment as of June 30, 2014 and December 31, 2013 consisted of the following (in thousands):
		30-Jun-14			31-Dec-13
	Land and land improvements	$	262,325		$	262,322
	Buildings and leasehold improvements	1,165,353			1,136,808
	Furniture, fixtures and equipment	118,309			103,291
	Construction-in-progress	16,458			16,593
		1,562,445			1,519,014
	Less: accumulated depreciation and amortization	(121,597		)	(96,575		)
	Property and equipment, net	$	1,440,848		$	1,422,439

Intangible_Assets_and_Liabilit

Intangible Assets and Liability	6 Months Ended
	Jun. 30, 2014
Intangible Assets and Liability [Abstract]	'
Intangible Assets and Liability	'
	4. Intangible Assets and Liability
	Intangible assets and liability as of June 30, 2014 and December 31, 2013 consisted of the following (in thousands):
			30-Jun-14			31-Dec-13
	Intangible assets:
	Air rights contract(1)		$	36,105		$	36,105
	Favorable ground leases(2)		4,828			4,828
			40,933			40,933
	Less: accumulated amortization		(2,453		)	(2,152		)
	Intangible assets, net		$	38,480		$	38,781
	Intangible liability:
	Unfavorable contract liability(2)		$	14,236		$	14,236
	Less: accumulated amortization		(1,079		)	(883		)
	Intangible liability, net (included within other liabilities)		$	13,157		$	13,353
	-1	In conjunction with the acquisition of the Hyatt Regency Boston on March 18, 2010, the Trust acquired an air rights contract which expires in September 2079 and that requires no payments through maturity. The Trust recorded the fair value of the air rights contract of $36.1 million as an intangible asset and is amortizing the value over the term of the contract.
	-2	In conjunction with the acquisition of the Denver Marriott City Center on October 3, 2011, the Trust assumed three lease agreements for land parcels underlying a portion of the hotel with initial terms ending July 2068, February 2072 and April 2072. The Trust concluded that the terms of two of the three ground leases were below market terms and recorded an aggregate of $4.8 million of favorable ground lease assets, which the Trust is amortizing over the life of the respective leases and including within indirect hotel operating expenses in the interim consolidated statements of operations. The Trust also assumed a management contract with a non-cancelable term ending December 2047. The Trust concluded that the management agreement terms were above market terms and recorded a $14.2 million unfavorable contract liability, which the Trust is amortizing over the remaining non-cancelable term and including within indirect hotel operating expenses in the interim consolidated statements of operations.

LongTerm_Debt

Long-Term Debt	6 Months Ended
	Jun. 30, 2014
Long-term Debt, Unclassified [Abstract]	'
Long-Term Debt	'
	5. Long-Term Debt
	Long-term debt as of June 30, 2014 and December 31, 2013 consisted of the following (in thousands):
			Origination		Original Principal Amount		Interest Rate	Principal Amortization Period	June 30,		December 31,
						Maturity			2014		2013
	Revolving credit facility(1)		Jul-10		n/a	Apr-16	Floating	n/a	$	50,000	$	—
	Term loan:
	Hyatt Herald Square/Hyatt Place New York Midtown South(2)		Jul-12		$60,000	Jul-14	Floating	n/a	60,000		60,000
	Other mortgage loans:
	Hyatt Regency Boston		Jun-11		$95,000	Jul-16	5.01%	30	90,939		91,689
	Courtyard Washington Capitol Hill/Navy Yard(3)		Jun-11		$37,497	Nov-16	5.90%	30	35,603		35,956
	Boston Marriott Newton		May-13		$60,000	Jun-20	3.63%	25	58,529		59,274
	Le Meridien San Francisco		Jul-13		$92,500	Aug-20	3.50%	25	90,578		91,742
	Denver Marriott City Center(4)		Jul-12		$70,000	Aug-22	4.90%	30	68,032		68,586
	Hilton Checkers Los Angeles		Feb-13		$32,000	Mar-23	4.11%	30	31,331		31,606
	W Chicago – City Center		Jul-13		$93,000	Aug-23	4.25%	25	91,272		92,320
									576,284		531,173
	Unamortized premium(3)								492		598
	Long-term debt								$	576,776	$	531,771
	-1	The Trust may exercise an option to extend the maturity by one year, subject to certain customary conditions. As of June 30, 2014, the interest rate in effect was 1.90%. See below for additional information related to the revolving credit facility.
	-2	At origination, $25.0 million was advanced by the lender and was secured by the Hyatt Herald Square (formerly the Holiday Inn New York City Midtown – 31st Street). On March 14, 2013, $35.0 million was advanced by the lender in connection with the acquisition of the Hyatt Place New York Midtown South. Following the subsequent advance, the entire $60.0 million principal amount of the loan was secured by both hotels. The loan bore interest equal to LIBOR plus 3.25%. Contemporaneous with the origination of the term loan, the Trust entered into an interest rate swap to effectively fix the interest rate on the initial $25.0 million advance for the original two-year term at 3.75% per annum. Under the terms of this interest rate swap, the Trust paid fixed interest of 0.50% per annum on a notional amount of $25.0 million and received floating rate interest equal to the one-month LIBOR. The effective date of this interest rate swap was July 3, 2012 and it matured on July 3, 2014. Contemporaneous with the subsequent advance, the Trust entered into an interest rate swap to effectively fix the interest rate on the $35.0 million subsequent advance for the remaining initial term of the loan at 3.65% per annum. Under the terms of this interest rate swap, the Trust paid fixed interest of 0.40% per annum on a notional amount of $35.0 million and received floating rate interest equal to the one-month LIBOR. The effective date of this interest rate swap was March 14, 2013 and it matured on July 3, 2014. The Trust repaid the term loan at maturity on July 3, 2014. See Note 11, "Subsequent Event," to our interim consolidated financial statements for additional information.
	-3	On June 30, 2011, in connection with the acquisition of the Courtyard Washington Capitol Hill/Navy Yard, the Trust assumed an existing loan agreement with an outstanding principal balance of $37.5 million. Based on interest rates on similar types of debt instruments at the time of assumption, the Trust recorded the loan at its estimated fair value of $38.6 million, which included a premium on mortgage loan of $1.1 million. Amortization of premium on mortgage loan is computed using a method that approximates the effective interest method over the term of the loan agreement and is included in interest expense in the interim consolidated statements of operations.
	-4	The loan has a term of 30 years, but is callable by the lender after 10 years, and the Trust expects the lender to call the loan at that time. The indicated maturity is based on the date the loan is callable by the lender.
	Revolving credit facility
	On October 25, 2012, the Trust entered into an amended credit agreement to (1) increase the maximum size of the revolving credit facility from $200.0 million to $250.0 million, (2) lower the interest rate to LIBOR plus 1.75% - 2.75% (the spread over LIBOR continues to be based on the Trust's consolidated leverage ratio), and (3) extend the maturity date to April 2016. The amended credit agreement provides for the possibility of further future increases, up to a maximum of $375.0 million, in accordance with the terms of the amended credit agreement. The amended credit agreement also provides for an extension of the maturity date by one year, subject to satisfaction of certain customary conditions.
	The amount that the Trust can borrow under the revolving credit facility is based on the value of the Trust's hotels included in the borrowing base, as defined in the amended credit agreement. As of June 30, 2014, the revolving credit facility was secured by nine hotels providing borrowing availability of $250.0 million, of which $200.0 million remained available. The amended credit agreement contains standard financial covenants, including certain leverage ratios, coverage ratios, and a minimum tangible net worth requirement.
	Other
	Certain of the Trust's mortgage loan agreements contain standard financial covenants relating to coverage ratios and standard provisions that require loan servicers to maintain escrow accounts for certain items, including real estate taxes, insurance premiums, the completion of PIPs, and normal replacements of FF&E.
	As of June 30, 2014, the Trust was in compliance with all financial covenants under its borrowing arrangements. As of June 30, 2014, the Trust’s weighted-average interest rate on its long-term debt was 4.10%. Future scheduled principal payments of debt obligations as of June 30, 2014 are as follows (in thousands):
	Year		Amounts(1)
	2014		$	64,948
	2015		10,271
	2016		181,323
	2017		8,598
	2018		8,952
	Thereafter		302,192
			$	576,284
	-1	Assumes no exercise of extension options and does not reflect the Trust's entrance into a new loan agreement and the related repayment of the $60.0 million term loan secured jointly by the Hyatt Herald Square (formerly the Holiday Inn New York City Midtown – 31st Street) and the Hyatt Place New York Midtown South at maturity on July 3, 2014. See Note 11, "Subsequent Event," to our interim consolidated financial statements for additional information.

Earnings_Per_Share

Earnings Per Share	6 Months Ended
	Jun. 30, 2014
Earnings Per Share [Abstract]	'
Earnings Per Share	'
	6. Earnings Per Share
	The following is a reconciliation of the amounts used in calculating basic and diluted earnings per share (in thousands, except share and per share data):
		Three Months Ended June 30,						Six Months Ended June 30,
		2014			2013			2014			2013
	Numerator:
	Net income available to common shareholders	$	18,827		$	14,635		$	18,583		$	9,703
	Less: Dividends declared on unvested time-based awards	(128		)	(90		)	(257		)	(178		)
	Less: Undistributed earnings allocated to unvested time-based awards	(35		)	(23		)	—			—
	Net income available to common shareholders, excluding amounts attributable to unvested time-based awards	$	18,664		$	14,522		$	18,326		$	9,525
	Denominator:
	Weighted-average number of common shares outstanding—basic and diluted	48,977,876			47,862,652			48,969,761			46,187,216
	Net income available per common share—basic and diluted	$	0.38		$	0.3		$	0.37		$	0.21
	For the three and six months ended June 30, 2014, 634,178 unvested performance-based awards, and for the three and six months ended June 30, 2013, 344,900 unvested performance-based awards, were excluded from diluted weighted-average common shares outstanding, as the awards had not achieved the specific levels of relative total shareholder return required for vesting at each period or their effect would have been anti-dilutive.

Shareholders_Equity

Shareholders' Equity	6 Months Ended
	Jun. 30, 2014
Stockholders' Equity Note [Abstract]	'
Shareholders' Equity	'
	7. Shareholders’ Equity
	Common Shares—The Trust is authorized to issue up to 400,000,000 common shares, $.01 par value per share. Each outstanding common share entitles the holder to one vote on all matters submitted to a vote of shareholders. Holders of the Trust’s common shares are entitled to receive distributions when authorized by the Trust’s board of trustees out of assets legally available for the payment of distributions.
	On February 6, 2013, the Trust completed an underwritten public offering of 8,337,500 common shares at a price of $20.75 per share, including 1,087,500 shares sold pursuant to the underwriters' exercise of their option to purchase additional shares. After deducting underwriting fees and offering costs, the Trust generated net proceeds of $165.9 million.
	On September 6, 2013, the Trust entered into sales agreements with two sales agents, pursuant to which the Trust may issue and sell up to $100.0 million in the aggregate of its common shares through a continuous at-the-market offering or other methods (the “ATM program”). For the period from September 6, 2013 through December 31, 2013, the Trust sold 1,012,058 common shares at an average price of $23.73 per share under the ATM program and generated net proceeds of $23.5 million after deducting sales commissions and offering costs. The Trust did not sell any common shares under the ATM program during the six months ended June 30, 2014. As of June 30, 2014, $76.0 million of common shares remained available for issuance under the ATM program.
	For the six months ended June 30, 2014, the Trust issued 1,439 unrestricted common shares and 491,564 restricted common shares to its trustees and employees. For the six months ended June 30, 2014, the Trust repurchased 18,104 common shares from employees to satisfy the minimum statutory tax withholding requirements related to the vesting of their previously granted restricted common shares. As of June 30, 2014, the Trust had 50,048,154 common shares outstanding.
	For the six months ended June 30, 2014, the Trust paid or its board of trustees declared the following dividends per common share:
		Record Date	Payment Date	Dividend Per Common Share
	Fourth Quarter 2013	December 31, 2013	January 15, 2014	$	0.26
	First Quarter 2014	March 31, 2014	April 15, 2014	$	0.3
	Second Quarter 2014	June 30, 2014	July 15, 2014	$	0.3
	Preferred Shares—The Trust is authorized to issue up to 100,000,000 preferred shares, $.01 par value per share. The Trust’s board of trustees is required to set for each class or series of preferred shares the terms, preferences, conversion or other rights, voting powers, restrictions, limitations as to dividends or other distributions, qualifications, and terms or conditions of redemption. As of June 30, 2014, the Trust had 5,000,000 shares of its 7.75% Series A Cumulative Redeemable Preferred Shares outstanding.
	Holders of Series A Cumulative Redeemable Preferred Shares are entitled to receive, when and as authorized by the Trust's board of trustees, out of funds legally available for the payment of dividends, cumulative cash dividends at the rate of 7.75% per annum of the $25.00 per share liquidation preference, equivalent to $1.9375 per annum per share. Dividends on the Series A Cumulative Redeemable Preferred Shares are cumulative from the date of original issuance and are payable quarterly in arrears on or about the 15th day of each of January, April, July and October. The Series A Cumulative Redeemable Preferred Shares rank senior to the Trust's common shares with respect to the payment of dividends; the Trust will not declare or pay any dividends, or set aside any funds for the payment of dividends, on its common shares unless the Trust also has declared and either paid or set aside for payment the full cumulative dividends on the Series A Cumulative Redeemable Preferred Shares.
	For the six months ended June 30, 2014, the Trust paid or its board of trustees declared the following dividends per preferred share:
		Record Date	Payment Date	Dividend Per Series A Cumulative Redeemable Preferred Share
	Fourth Quarter 2013	December 31, 2013	January 15, 2014	$	0.484375
	First Quarter 2014	March 31, 2014	April 15, 2014	$	0.484375
	Second Quarter 2014	June 30, 2014	July 15, 2014	$	0.484375
	The Trust cannot redeem the Series A Cumulative Redeemable Preferred Shares prior to July 17, 2017, except as described below and in certain limited circumstances related to the ownership limitation necessary to preserve the Trust's qualification as a REIT. On and after July 17, 2017, the Trust, at its option, can redeem the Series A Cumulative Redeemable Preferred Shares, in whole or from time to time in part, at a redemption price of $25.00 per share, plus any accrued and unpaid dividends. The holders of Series A Cumulative Redeemable Preferred Shares have no voting rights, except in certain limited circumstances.
	Upon the occurrence of a change of control, as defined in the articles supplementary designating the Series A Cumulative Redeemable Preferred Shares, the result of which the Trust's common shares and the common securities of the acquiring or surviving entity are not listed or quoted on the New York Stock Exchange, the NYSE Amex Equities or the NASDAQ Stock Market, or any successor exchanges, the Trust may, at its option, redeem the Series A Cumulative Redeemable Preferred Shares in whole or in part within 120 days following the change of control by paying $25.00 per share, plus any accrued and unpaid dividends through the date of redemption. If the Trust does not exercise its right to redeem the Series A Cumulative Redeemable Preferred Shares upon a change of control, the holders of the Series A Cumulative Redeemable Preferred Shares have the right to convert some or all of their shares into a number of the Trust's common shares based on a defined formula subject to a share cap. The share cap on each Series A Cumulative Redeemable Preferred Share is 2.9189 common shares.
	Universal Shelf—In August 2012, the Trust filed a Registration Statement on Form S-3 with the SEC, registering equity securities with a maximum aggregate offering price of up to $500.0 million. As of June 30, 2014, equity securities with a maximum aggregate offering price of $88.7 million remained available to issue under this Registration Statement.

Equity_Plan

Equity Plan	6 Months Ended
	Jun. 30, 2014
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]	'
Equity Plan	'
	8. Equity Plan
	In January 2010, the Trust established the Chesapeake Lodging Trust Equity Plan (the “Plan”), which provides for the issuance of equity-based awards, including restricted shares, unrestricted shares, share options, share appreciation rights, and other awards based on the Trust’s common shares. Employees and trustees of the Trust and other persons that provide services to the Trust are eligible to participate in the Plan. The compensation committee of the board of trustees administers the Plan and determines the number of awards to be granted, the vesting period, and the exercise price, if any.
	The Trust initially reserved 454,657 common shares for issuance under the Plan at its establishment. In May 2012, the Trust’s common shareholders approved an amendment to the Plan such that the number of shares available for issuance under the Plan was increased by 2,750,000. Shares that are issued under the Plan to any person pursuant to an award are counted against this limit as one share for every one share granted. If any shares covered by an award are not purchased or are forfeited, if an award is settled in cash, or if an award otherwise terminates without delivery of any shares, then the number of common shares counted against the aggregate number of shares available under the Plan with respect to the award will, to the extent of any such forfeiture or termination, again be available for making awards under the Plan. As of June 30, 2014, subject to increases that may result in the case of any future forfeiture or termination of currently outstanding awards, 1,559,446 common shares were reserved and available for future issuances under the Plan.
	The Trust will make appropriate adjustments to outstanding awards and the number of shares available for issuance under the Plan, including the individual limitations on awards, to reflect share dividends, share splits, spin-offs and other similar events. While the compensation committee can terminate or amend the Plan at any time, no amendment can adversely impair the rights of grantees with respect to outstanding awards. In addition, an amendment will be contingent on approval of the Trust’s common shareholders to the extent required by law or if the amendment would materially increase the benefits accruing to participants under the Plan, materially increase the aggregate number of shares that can be issued under the Plan, or materially modify the requirements as to eligibility for participation in the Plan. Unless terminated earlier, the Plan will terminate in January 2020, but will continue to govern unexpired awards.
	For the six months ended June 30, 2014, the Trust granted 491,564 restricted common shares to certain employees and trustees, of which 158,941 shares were time-based awards and 332,623 shares were performance-based awards (the “2014 Performance-Based Awards”). The time-based awards are generally eligible to vest at the rate of one-third of the number of restricted shares granted commencing on the first anniversary of their issuance. The 2014 Performance-Based Awards are eligible to vest at December 31, 2016. Dividends on the 2014 Performance-Based Awards accrue, but are not paid unless the related shares vest. The fair value of the 2014 Performance-Based Awards was $8.98 per share and was determined using a Monte Carlo simulation with the following assumptions: volatility of 29.34%; an expected term equal to the requisite service period for the awards; and a risk-free interest rate of 0.72%.
	The actual number of shares under the 2014 Performance-Based Awards that vest will be based on the Trust’s total shareholder return (“TSR”), as defined in the restricted share agreements, measured over a three-year performance period ending December 31, 2016, against the total return generated by the SNL US Hotel REIT Index prepared by SNL Financial LC (the “Index”). The payout schedule for the 2014 Performance-Based Awards is as follows, with linear interpolation for performance between 67% and 100%, and between 100% and 133% of the Index:
	Trust TSR as % of	Payout
	Index Total Return	(% of Maximum)
	<67%	0%
	67%	25%
	100%	50%
	≥133%	100%
	If the Trust’s TSR is negative for the performance period, no shares under the 2014 Performance-Based Awards will vest. If the Trust’s TSR is positive for the performance period and the total return of the Index is negative, 100% of the shares subject to vesting under the 2014 Performance-Based Awards will vest.
	As of June 30, 2014, there was approximately $12.8 million of unrecognized share-based compensation expense related to restricted common shares. The unrecognized share-based compensation expense is expected to be recognized over a weighted-average period of 2.4 years.
	The following is a summary of the Trust’s restricted common share activity for the six months ended June 30, 2014:
		Number of		Weighted-Average
		Shares		Grant-Date
				Fair Value
	Restricted common shares as of December 31, 2013	629,855		$	18.35
	Granted	491,564		$	13.83
	Vested	(58,958	)	$	22.53
	Forfeited	(750	)	$	23.58
	Restricted common shares as of June 30, 2014	1,061,711		$	16.02

Fair_Value_Measurements_and_De

Fair Value Measurements and Derivative Instruments	6 Months Ended
	Jun. 30, 2014
Fair Value Disclosures [Abstract]	'
Fair Value Measurements and Derivative Instruments	'
	9. Fair Value Measurements and Derivative Instruments
	The Trust's derivative instruments are classified within Level 2 of the fair value hierarchy as they are valued using third-party pricing models which contain inputs that are derived from observable market data. Where possible, the values produced by the pricing models are verified to market prices. Valuation models require a variety of inputs, including contractual terms, market prices, yield curves, credit spreads, measures of volatility, and correlations of such inputs. As of June 30, 2014, the Trust's derivative instruments, which matured on July 3, 2014, had no value.
	The Trust’s financial instruments, in addition to the derivative instruments discussed above, include cash and cash equivalents, restricted cash, accounts receivable, accounts payable and accrued expenses, and long-term debt. The carrying values reported in the consolidated balance sheets for cash and cash equivalents, restricted cash, accounts receivable, and accounts payable and accrued expenses approximate fair value. The Trust estimates the fair value of its fixed rate debt by discounting the future cash flows of each instrument using estimated market rates of debt instruments with similar maturities and credit profiles. These inputs are classified as Level 3 within the fair value hierarchy. As of June 30, 2014, the carrying value reported in the consolidated balance sheet for the Trust's long-term debt approximated its fair value.

Commitments_and_Contingencies

Commitments and Contingencies	6 Months Ended
	Jun. 30, 2014
Commitments and Contingencies Disclosure [Abstract]	'
Commitments and Contingencies Disclosure [Text Block]	'
	10. Commitments and Contingencies
	Management Agreements—The Trust’s hotels operate pursuant to management agreements with various third-party management companies. Each management company receives a base management fee generally between 2% and 4% of hotel revenues. The management companies are also eligible to receive an incentive management fee if hotel operating income, as defined in the management agreements, exceeds certain performance thresholds. The incentive management fee is generally calculated as a percentage of hotel operating income after the Trust has received a priority return on its investment in the hotel.
	Franchise Agreements—As of June 30, 2014, 12 of the Trust’s hotels operated pursuant to franchise agreements with hotel brand companies and eight hotels operated pursuant to management agreements with hotel brand companies that allowed them to operate under their respective brands. Under the 12 franchise agreements, the Trust generally pays a royalty fee ranging from 3% to 6% of room revenues and up to 3% of food and beverage revenues, plus additional fees for marketing, central reservation systems, and other franchisor costs that amount to between 1% and 5% of room revenues.
	Ground Lease Agreement—The Trust leases the land underlying the Hyatt Regency Mission Bay Spa and Marina pursuant to a lease agreement, which has an initial term ending January 2056. Rent due under the lease agreement is the greater of base rent or percentage rent. Base rent is currently $2.2 million per year. Base rent resets every three years over the remaining term of the lease equal to 75% of the average of the actual rent paid over the two years preceding the base rent reset year. The next base rent reset year is 2016. Annual percentage rent is calculated based on various percentages of the hotel's various sources of revenue, including room, food and beverage, and marina rentals, earned during the period.
	FF&E Reserves—Pursuant to its management, franchise and loan agreements, the Trust is required to establish a FF&E reserve for each hotel to cover the cost of replacing FF&E. Contributions to the FF&E reserve are based on a percentage of gross revenues at each hotel. The Trust is generally required to contribute between 3% and 5% of gross revenues over the term of the agreements.
	Litigation—The Trust is not involved in any material litigation nor, to its knowledge, is any material litigation threatened against the Trust.

Subsequent_Event

Subsequent Event	6 Months Ended
	Jun. 30, 2014
Subsequent Event [Line Items]	'
Subsequent Event	'
	11. Subsequent Event
	On July 3, 2014, the Trust entered into a loan agreement to obtain a $90.0 million loan, which matures in July 2024 and is secured jointly by the Hyatt Herald Square (formerly the Holiday Inn New York City Midtown – 31st Street) and the Hyatt Place New York Midtown South. The loan carries a fixed interest rate of 4.30% per annum, with interest-only payments required for the first two years and principal and interest payments thereafter based on a 30-year principal amortization. A portion of the proceeds was used to repay the Trust's previous $60.0 million term loan secured jointly by the two hotels mentioned previously, which matured on the same date. Excess proceeds from the refinancing were used to repay outstanding borrowings under the Trust's revolving credit facility.

Summary_of_Significant_Account1

Summary of Significant Accounting Policies (Policies)	6 Months Ended
	Jun. 30, 2014
Accounting Policies [Abstract]	'
Basis of Presentation	'
	Basis of Presentation—The interim consolidated financial statements presented herein include all of the accounts of Chesapeake Lodging Trust and its subsidiaries. All intercompany accounts and transactions have been eliminated in consolidation. Certain reclassifications have been made to the prior year financial statements to conform to the current year presentation. These reclassifications had no effect on previously reported results of operations or retained earnings.
	The interim consolidated statement of operations for the three months ended June 30, 2014 includes the operating activity of 20 hotels for the full period, whereas the interim consolidated statement of operations for the three months ended June 30, 2013 includes the operating activity of 17 hotels for the full period and three hotels for part of the period. The interim consolidated statement of operations for the six months ended June 30, 2014 includes the operating activity of 20 hotels for the full period, whereas the interim consolidated statement of operations for the six months ended June 30, 2013 includes the operating activity of 15 hotels for the full period and five hotels for part of the period.
	The information in these interim consolidated financial statements is unaudited but, in the opinion of management, reflects all adjustments necessary for a fair presentation of the results for the periods covered. All such adjustments are of a normal, recurring nature unless disclosed otherwise. These interim consolidated financial statements, including notes, have been prepared in accordance with the applicable rules of the Securities and Exchange Commission (“SEC”) and do not include all of the information and disclosures required by U.S. generally accepted accounting principles (“GAAP”) for complete financial statements. These interim consolidated financial statements should be read in conjunction with the audited consolidated financial statements and accompanying notes included in the Trust's Form 10-K for the year ended December 31, 2013.
Cash and Cash Equivalents	'
	Cash and Cash Equivalents—The Trust considers all highly liquid investments with an original maturity of three months or less to be cash equivalents.
Restricted Cash	'
	Restricted Cash—Restricted cash includes reserves held in escrow for normal replacements of furniture, fixtures and equipment (“FF&E”), property improvement plans (each, a “PIP”), real estate taxes, and insurance pursuant to certain requirements in the Trust’s hotel management, franchise, and loan agreements.
Investments in Hotels	'
	Investments in Hotels—The Trust allocates the purchase prices of hotels acquired based on the fair value of the property, FF&E, and identifiable intangible assets acquired and the fair value of the liabilities assumed. In making estimates of fair value for purposes of allocating the purchase price, the Trust utilizes a number of sources of information that are obtained in connection with the acquisition of a hotel, including valuations performed by independent third parties and cost segregation studies. The Trust also considers information obtained about each hotel as a result of its pre-acquisition due diligence in estimating the fair value of the tangible and intangible assets acquired and liabilities assumed. Hotel acquisition costs, such as transfer taxes, title insurance, environmental and property condition reviews, and legal and accounting fees, are expensed in the period incurred.
	Property and equipment are depreciated using the straight-line method over the estimated useful lives of the assets, generally 15 to 40 years for buildings and building improvements and three to ten years for FF&E. Leasehold improvements are amortized over the shorter of the lease term or the useful lives of the related assets. Replacements and improvements at the hotels are capitalized, while repairs and maintenance are expensed as incurred. Upon the sale or retirement of property and equipment, the cost and related accumulated depreciation are removed from the Trust’s accounts and any resulting gain or loss is recognized in the consolidated statements of operations.
	Intangible assets and liabilities are recorded on non-market contracts, including air rights, lease, management, and franchise agreements, assumed as part of the acquisition of certain hotels. Above-market and below-market contract values are based on the present value of the difference between contractual amounts to be paid pursuant to the contracts assumed and the Trust’s estimate of the fair market contract rates for corresponding contracts measured over a period equal to the remaining non-cancelable term of the contracts assumed. No value is allocated to market contracts. Intangible assets and liabilities are amortized using the straight-line method over the remaining non-cancelable term of the related contracts.
	The Trust reviews its hotels for impairment whenever events or changes in circumstances indicate that the carrying values of the hotels may not be recoverable. Events or circumstances that may cause a review include, but are not limited to, adverse changes in the demand for lodging at the hotels due to declining national or local economic conditions and/or new hotel construction in markets where the hotels are located. When such conditions exist, management performs an analysis to determine if the estimated undiscounted future cash flows from operations and the proceeds from the ultimate disposition of a hotel exceed its carrying value. If the estimated undiscounted future cash flows are less than the carrying amount of the asset, an adjustment to reduce the carrying amount to the related hotel’s estimated fair market value is recorded and an impairment loss is recognized. No impairment losses have been recognized for the three and six months ended June 30, 2014 and 2013.
	The Trust classifies a hotel as held for sale in the period in which it has made the decision to dispose of the hotel, a binding agreement to purchase the hotel has been signed under which the buyer has committed a significant amount of nonrefundable cash, and no significant financing contingencies exist which could cause the transaction not to be completed in a timely manner. If these criteria are met, depreciation and amortization of the hotel will cease and an impairment loss will be recognized if the fair value of the hotel, less the costs to sell, is lower than the carrying amount of the hotel. The Trust will classify the loss, together with the related operating results, as discontinued operations in the consolidated statements of operations and classify the related assets and liabilities as held for sale in the consolidated balance sheets. As of June 30, 2014, the Trust had no assets held for sale or liabilities related to assets held for sale.
Revenue Recognition	'
	Revenue Recognition—Revenues from operations of the hotels are recognized when the services are provided. Revenues consist of room sales, food and beverage sales, and other hotel department revenues, such as parking, marina, telephone, and gift shop sales.
Prepaid Expenses and Other Assets	'
	Prepaid Expenses and Other Assets—Prepaid expenses and other assets consist of prepaid real estate taxes, prepaid insurance, deposits on hotel acquisitions and loan applications, deferred franchise costs, inventories, and other assets.
Deferred Financing Costs	'
	Deferred Financing Costs—Deferred financing costs are recorded at cost and consist of loan fees and other costs incurred in issuing debt. Amortization of deferred financing costs is computed using a method that approximates the effective interest method over the term of the related debt and is included in interest expense in the consolidated statements of operations.
Derivative Instruments	'
	Derivative Instruments—The Trust is a party to interest rate swaps, which are considered derivative instruments, in order to manage its interest rate exposure. The Trust’s interest rate risk management objective is to limit the impact of interest rate changes on earnings and cash flows. The Trust records these derivative instruments at fair value as either assets or liabilities and has designated them as cash flow hedging instruments at inception. The Trust evaluates the hedge effectiveness of the designated cash flow hedging instruments on a quarterly basis and records the effective portion of the change in the fair value of the cash flow hedging instruments as other comprehensive income (loss). Amounts reported in accumulated other comprehensive income (loss) related to cash flow hedging instruments are reclassified to interest expense as interest payments are made on the variable-rate debt being hedged. The Trust does not enter into derivative instruments for trading or speculative purposes and monitors the financial stability and credit standing of its counterparties.
Fair Value Measurements	'
	Fair Value Measurements—The Trust accounts for certain assets and liabilities at fair value. In evaluating the fair value of both financial and non-financial assets and liabilities, GAAP outlines a valuation framework and creates a fair value hierarchy that distinguishes between market assumptions based on market data (observable inputs) and the reporting entity’s own assumptions about market data (unobservable inputs). The three levels of the fair value hierarchy are as follows:
	Level 1 – Inputs are quoted prices (unadjusted) in active markets for identical assets or liabilities that are accessible at the measurement date. An active market is defined as a market in which transactions occur with sufficient frequency and volume to provide pricing on an ongoing basis.
	Level 2 – Inputs include quoted prices in active markets for similar assets and liabilities, quoted prices for identical or similar assets or liabilities in markets that are not active (markets with few transactions), inputs other than quoted prices that are observable for the asset or liability (e.g., interest rates, yield curves), and inputs that are derived principally from or corroborated by observable market data correlation or other means.
	Level 3 – Unobservable inputs reflect the reporting entity’s own assumptions about the pricing of an asset or liability when observable inputs are not available or when there is minimal, if any, market activity for an identical or similar asset or liability at the measurement date.
Income Taxes	'
	Income Taxes—The Trust has elected to be taxed as a REIT under Sections 856 through 860 of the Internal Revenue Code. As a REIT, the Trust generally will not be subject to federal income tax on that portion of its net income that does not relate to CHSP TRS, the Trust’s wholly owned taxable REIT subsidiary, and that is currently distributed to its shareholders. CHSP TRS, which leases the Trust’s hotels from the Operating Partnership, is subject to federal and state income taxes.
	The Trust accounts for income taxes using the asset and liability method under which deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases. Valuation allowances are provided if based upon the weight of the available evidence, it is more likely than not that some or all of the deferred tax assets will not be realized.
Share-Based Compensation	'
	Share-Based Compensation—From time to time, the Trust grants restricted share awards to employees and trustees. To date, the Trust has granted two types of restricted share awards: (1) awards that vest solely on continued employment or service (time-based awards) and (2) awards that vest based on the Trust achieving specified levels of relative total shareholder return and continued employment (performance-based awards). The Trust measures share-based compensation expense for the restricted share awards based on the fair value of the awards on the date of grant. The fair value of time-based awards is determined based on the closing price of the Trust’s common shares on the measurement date, which is generally the date of grant. The fair value of performance-based awards is determined using a Monte Carlo simulation performed by an independent third party. For time-based awards, share-based compensation expense is recognized on a straight-line basis over the life of the entire award. For performance-based awards, share-based compensation expense is recognized over the requisite service period for each award. No share-based compensation expense is recognized for awards for which employees or trustees do not render the requisite service.
Earnings Per Share	'
	Earnings Per Share—Basic earnings per share is computed by dividing net income available to common shareholders, adjusted for dividends declared on and undistributed earnings allocated to unvested time-based awards, by the weighted-average number of common shares outstanding during the period. Diluted earnings per share is computed by dividing net income available to common shareholders, adjusted for dividends declared on and undistributed earnings allocated to unvested time-based awards, by the weighted-average number of common shares outstanding, plus potentially dilutive securities, such as unvested performance-based awards, during the period. The Trust’s unvested time-based awards are entitled to receive non-forfeitable dividends, if declared. Therefore, unvested time-based awards qualify as participating securities, requiring the allocation of dividends and undistributed earnings under the two-class method to calculate basic earnings per share. The percentage of undistributed earnings allocated to the unvested time-based awards is based on the proportion of the weighted-average unvested time-based awards outstanding during the period to the total of the weighted-average common shares and unvested time-based awards outstanding during the period. No adjustment is made for shares that are anti-dilutive during the period.
Segment Information	'
	Segment Information—The Trust has determined that its business is conducted in one reportable segment, hotel ownership.
Use of Estimates	'
	Use of Estimates—The preparation of the interim 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 interim consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.
Recent Accounting Pronouncements	'
	Recent Accounting Pronouncements—In April 2014, the Financial Accounting Standards Board (the “FASB”) issued updated accounting guidance for reporting discontinued operations and disposals of components of an entity. Under the new accounting guidance only disposals representing a strategic shift that has (or will have) a major effect on an entity’s financial results or a business activity classified as held for sale should be reported as discontinued operations. The update also expands the disclosure requirements for discontinued operations and adds new disclosures for individually significant dispositions that do not meet the definition of discontinued operations. The new accounting guidance is to be applied prospectively and is effective for interim and annual periods beginning on or after December 15, 2014 (early adoption is permitted only for disposals that have not been previously reported). Upon adoption, this guidance will impact the Trust’s classification of discontinued operations and disclosures regarding any future dispositions.
	In May 2014, the FASB issued updated accounting guidance for recognition of revenue from contracts with customers. The comprehensive new accounting guidance will supersede existing revenue recognition guidance and require revenue to be recognized when promised goods or services are transferred to customers in amounts that reflect the consideration to which the company expects to be entitled in exchange for those goods or services. The new accounting guidance is to be applied prospectively and is effective for interim and annual periods beginning on or after December 15, 2016. The Trust will adopt the new accounting guidance on January 1, 2017. The Trust is currently evaluating the impact, if any, that the adoption of this new accounting guidance will have on its consolidated financial statements.

Property_and_Equipment_Tables

Property and Equipment (Tables)	6 Months Ended
	Jun. 30, 2014
Property, Plant and Equipment [Abstract]	'
Property and Equipment	'
		30-Jun-14			31-Dec-13
	Land and land improvements	$	262,325		$	262,322
	Buildings and leasehold improvements	1,165,353			1,136,808
	Furniture, fixtures and equipment	118,309			103,291
	Construction-in-progress	16,458			16,593
		1,562,445			1,519,014
	Less: accumulated depreciation and amortization	(121,597		)	(96,575		)
	Property and equipment, net	$	1,440,848		$	1,422,439

Intangible_Assets_and_Liabilit1

Intangible Assets and Liability (Tables)	6 Months Ended
	Jun. 30, 2014
Intangible Assets and Liability [Abstract]	'
Intangible Assets and Liability	'
			30-Jun-14			31-Dec-13
	Intangible assets:
	Air rights contract(1)		$	36,105		$	36,105
	Favorable ground leases(2)		4,828			4,828
			40,933			40,933
	Less: accumulated amortization		(2,453		)	(2,152		)
	Intangible assets, net		$	38,480		$	38,781
	Intangible liability:
	Unfavorable contract liability(2)		$	14,236		$	14,236
	Less: accumulated amortization		(1,079		)	(883		)
	Intangible liability, net (included within other liabilities)		$	13,157		$	13,353
	-1	In conjunction with the acquisition of the Hyatt Regency Boston on March 18, 2010, the Trust acquired an air rights contract which expires in September 2079 and that requires no payments through maturity. The Trust recorded the fair value of the air rights contract of $36.1 million as an intangible asset and is amortizing the value over the term of the contract.
	-2	In conjunction with the acquisition of the Denver Marriott City Center on October 3, 2011, the Trust assumed three lease agreements for land parcels underlying a portion of the hotel with initial terms ending July 2068, February 2072 and April 2072. The Trust concluded that the terms of two of the three ground leases were below market terms and recorded an aggregate of $4.8 million of favorable ground lease assets, which the Trust is amortizing over the life of the respective leases and including within indirect hotel operating expenses in the interim consolidated statements of operations. The Trust also assumed a management contract with a non-cancelable term ending December 2047. The Trust concluded that the management agreement terms were above market terms and recorded a $14.2 million unfavorable contract liability, which the Trust is amortizing over the remaining non-cancelable term and including within indirect hotel operating expenses in the interim consolidated statements of operations.

LongTerm_Debt_Tables

Long-Term Debt (Tables)	6 Months Ended
	Jun. 30, 2014
Long-term Debt, Unclassified [Abstract]	'
Long-Term Debt	'
			Origination		Original Principal Amount		Interest Rate	Principal Amortization Period	June 30,		December 31,
						Maturity			2014		2013
	Revolving credit facility(1)		Jul-10		n/a	Apr-16	Floating	n/a	$	50,000	$	—
	Term loan:
	Hyatt Herald Square/Hyatt Place New York Midtown South(2)		Jul-12		$60,000	Jul-14	Floating	n/a	60,000		60,000
	Other mortgage loans:
	Hyatt Regency Boston		Jun-11		$95,000	Jul-16	5.01%	30	90,939		91,689
	Courtyard Washington Capitol Hill/Navy Yard(3)		Jun-11		$37,497	Nov-16	5.90%	30	35,603		35,956
	Boston Marriott Newton		May-13		$60,000	Jun-20	3.63%	25	58,529		59,274
	Le Meridien San Francisco		Jul-13		$92,500	Aug-20	3.50%	25	90,578		91,742
	Denver Marriott City Center(4)		Jul-12		$70,000	Aug-22	4.90%	30	68,032		68,586
	Hilton Checkers Los Angeles		Feb-13		$32,000	Mar-23	4.11%	30	31,331		31,606
	W Chicago – City Center		Jul-13		$93,000	Aug-23	4.25%	25	91,272		92,320
									576,284		531,173
	Unamortized premium(3)								492		598
	Long-term debt								$	576,776	$	531,771
	-1	The Trust may exercise an option to extend the maturity by one year, subject to certain customary conditions. As of June 30, 2014, the interest rate in effect was 1.90%. See below for additional information related to the revolving credit facility.
	-2	At origination, $25.0 million was advanced by the lender and was secured by the Hyatt Herald Square (formerly the Holiday Inn New York City Midtown – 31st Street). On March 14, 2013, $35.0 million was advanced by the lender in connection with the acquisition of the Hyatt Place New York Midtown South. Following the subsequent advance, the entire $60.0 million principal amount of the loan was secured by both hotels. The loan bore interest equal to LIBOR plus 3.25%. Contemporaneous with the origination of the term loan, the Trust entered into an interest rate swap to effectively fix the interest rate on the initial $25.0 million advance for the original two-year term at 3.75% per annum. Under the terms of this interest rate swap, the Trust paid fixed interest of 0.50% per annum on a notional amount of $25.0 million and received floating rate interest equal to the one-month LIBOR. The effective date of this interest rate swap was July 3, 2012 and it matured on July 3, 2014. Contemporaneous with the subsequent advance, the Trust entered into an interest rate swap to effectively fix the interest rate on the $35.0 million subsequent advance for the remaining initial term of the loan at 3.65% per annum. Under the terms of this interest rate swap, the Trust paid fixed interest of 0.40% per annum on a notional amount of $35.0 million and received floating rate interest equal to the one-month LIBOR. The effective date of this interest rate swap was March 14, 2013 and it matured on July 3, 2014. The Trust repaid the term loan at maturity on July 3, 2014. See Note 11, "Subsequent Event," to our interim consolidated financial statements for additional information.
	-3	On June 30, 2011, in connection with the acquisition of the Courtyard Washington Capitol Hill/Navy Yard, the Trust assumed an existing loan agreement with an outstanding principal balance of $37.5 million. Based on interest rates on similar types of debt instruments at the time of assumption, the Trust recorded the loan at its estimated fair value of $38.6 million, which included a premium on mortgage loan of $1.1 million. Amortization of premium on mortgage loan is computed using a method that approximates the effective interest method over the term of the loan agreement and is included in interest expense in the interim consolidated statements of operations.
	-4	The loan has a term of 30 years, but is callable by the lender after 10 years, and the Trust expects the lender to call the loan at that time. The indicated maturity is based on the date the loan is callable by the lender.
Future Scheduled Principal Payments of Debt Obligations	'
	Year		Amounts(1)
	2014		$	64,948
	2015		10,271
	2016		181,323
	2017		8,598
	2018		8,952
	Thereafter		302,192
			$	576,284
	-1	Assumes no exercise of extension options and does not reflect the Trust's entrance into a new loan agreement and the related repayment of the $60.0 million term loan secured jointly by the Hyatt Herald Square (formerly the Holiday Inn New York City Midtown – 31st Street) and the Hyatt Place New York Midtown South at maturity on July 3, 2014. See Note 11, "Subsequent Event," to our interim consolidated financial statements for additional information.

Earnings_Per_Share_Tables

Earnings Per Share (Tables)	6 Months Ended
	Jun. 30, 2014
Earnings Per Share [Abstract]	'
Calculation of Basic and Diluted Earnings Per Share	'
		Three Months Ended June 30,						Six Months Ended June 30,
		2014			2013			2014			2013
	Numerator:
	Net income available to common shareholders	$	18,827		$	14,635		$	18,583		$	9,703
	Less: Dividends declared on unvested time-based awards	(128		)	(90		)	(257		)	(178		)
	Less: Undistributed earnings allocated to unvested time-based awards	(35		)	(23		)	—			—
	Net income available to common shareholders, excluding amounts attributable to unvested time-based awards	$	18,664		$	14,522		$	18,326		$	9,525
	Denominator:
	Weighted-average number of common shares outstanding—basic and diluted	48,977,876			47,862,652			48,969,761			46,187,216
	Net income available per common share—basic and diluted	$	0.38		$	0.3		$	0.37		$	0.21

Shareholders_Equity_Tables

Shareholders' Equity (Tables)	6 Months Ended
	Jun. 30, 2014
Common Stock [Member]	'
Dividends payable	'
Dividends declared or paid	'
		Record Date	Payment Date	Dividend Per Common Share
	Fourth Quarter 2013	December 31, 2013	January 15, 2014	$	0.26
	First Quarter 2014	March 31, 2014	April 15, 2014	$	0.3
	Second Quarter 2014	June 30, 2014	July 15, 2014	$	0.3
Series A Preferred Stock [Member]	'
Dividends payable	'
Dividends declared or paid	'
		Record Date	Payment Date	Dividend Per Series A Cumulative Redeemable Preferred Share
	Fourth Quarter 2013	December 31, 2013	January 15, 2014	$	0.484375
	First Quarter 2014	March 31, 2014	April 15, 2014	$	0.484375
	Second Quarter 2014	June 30, 2014	July 15, 2014	$	0.484375

Equity_Plan_Tables

Equity Plan (Tables)	6 Months Ended
	Jun. 30, 2014
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]	'
Restricted Common Shares	'
		Number of		Weighted-Average
		Shares		Grant-Date
				Fair Value
	Restricted common shares as of December 31, 2013	629,855		$	18.35
	Granted	491,564		$	13.83
	Vested	(58,958	)	$	22.53
	Forfeited	(750	)	$	23.58
	Restricted common shares as of June 30, 2014	1,061,711		$	16.02
2014 Performance-Based Awards [Member]	'
Share-Based Compensation Arrangement By Share-Based Payment Award [Line Items]	'
Payout as a percentage of maximum award	'
	Trust TSR as % of	Payout
	Index Total Return	(% of Maximum)
	<67%	0%
	67%	25%
	100%	50%
	≥133%	100%

Organization_and_Description_o1

Organization and Description of Business (Details) (Chesapeake Lodging Trust [Member])	Jun. 30, 2014
	state
	room
	hotel
Chesapeake Lodging Trust [Member]	'
Organization and Description of Business (Textual) [Abstract]	'
Number of hotels owned	20
Number of hotel rooms	5,932
Number of states in which hotels located	8

Summary_of_Significant_Account2

Summary of Significant Accounting Policies (Details)	3 Months Ended		6 Months Ended
	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014	Jun. 30, 2013
	hotel	hotel	hotel	hotel
Summary of Significant Accounting Policies [Line Items]	'	'	'	'
Number of reportable segments	'	'	1	'
Chesapeake Lodging Trust [Member]	'	'	'	'
Summary of Significant Accounting Policies [Line Items]	'	'	'	'
Number of hotels included for the full period	20	17	20	15
Number of hotels included for part of the period	'	3	'	5

Summary_of_Significant_Account3

Summary of Significant Accounting Policies (Details 2)	6 Months Ended
	Jun. 30, 2014
Buildings and Building Improvements [Member] | Maximum [Member]	'
Property, Plant and Equipment [Line Items]	'
Estimated useful lives of assets	'40 years
Buildings and Building Improvements [Member] | Minimum [Member]	'
Property, Plant and Equipment [Line Items]	'
Estimated useful lives of assets	'15 years
FF&E [Member] | Maximum [Member]	'
Property, Plant and Equipment [Line Items]	'
Estimated useful lives of assets	'10 years
FF&E [Member] | Minimum [Member]	'
Property, Plant and Equipment [Line Items]	'
Estimated useful lives of assets	'3 years

Property_and_Equipment_Details

Property and Equipment (Details) (USD $)	Jun. 30, 2014	Dec. 31, 2013
In Thousands, unless otherwise specified
Property and Equipment	'	'
Land and land improvements	$262,325	$262,322
Buildings and leasehold improvements	1,165,353	1,136,808
Furniture, fixtures and equipment	118,309	103,291
Construction-in-progress	16,458	16,593
Property and equipment, gross	1,562,445	1,519,014
Less: accumulated depreciation and amortization	-121,597	-96,575
Property and equipment, net	$1,440,848	$1,422,439

Intangible_Assets_and_Liabilit2

Intangible Assets and Liability, Table 1 (Details) (USD $)	Jun. 30, 2014	Dec. 31, 2013	Jun. 30, 2014	Dec. 31, 2013	Jun. 30, 2014	Dec. 31, 2013	Mar. 18, 2010	Oct. 03, 2011	Oct. 03, 2011	Oct. 03, 2011	Oct. 03, 2011
			Air Rights Contract [Member]	Air Rights Contract [Member]	Ground Lease Agreement [Member]	Ground Lease Agreement [Member]	Hyatt Regency Boston [Member]	Denver Marriott City Center [Member]	Denver Marriott City Center - Lease 1 [Member]	Denver Marriott City Center - Lease 2 [Member]	Denver Marriott City Center - Lease 3 [Member]
									Ground Lease Agreement [Member]	Ground Lease Agreement [Member]	Ground Lease [Member]
Indefinite-lived Intangible Assets [Line Items]	'	'	'	'	'	'	'	'	'	'	'
Intangible assets	$40,933,000	$40,933,000	$36,105,000	$36,105,000	$4,828,000	$4,828,000	'	$4,800,000	'	'	'
Less: accumulated amortization	-2,453,000	-2,152,000	'	'	'	'	'	'	'	'	'
Intangible assets, net	38,480,000	38,781,000	'	'	'	'	'	'	'	'	'
Unfavorable contract liability	14,236,000	14,236,000	'	'	'	'	'	14,200,000	'	'	'
Less: accumulated amortization	-1,079,000	-883,000	'	'	'	'	'	'	'	'	'
Intangible liability, net (included within other liabilities)	13,157,000	13,353,000	'	'	'	'	'	'	'	'	'
Air rights contract expiration month year	'	'	'	'	'	'	'September 2079	'	'	'	'
Fair value of air rights contract	'	'	'	'	'	'	$36,100,000	'	'	'	'
Number of ground lease agreements assumed	'	'	'	'	'	'	'	3	'	'	'
Ground lease agreement expiration month year	'	'	'	'	'	'	'	'	'July 2068	'February 2072	'April 2072
Number of favorable ground lease agreements	'	'	'	'	'	'	'	2	'	'	'
Unfavorable management contract expiration month year	'	'	'	'	'	'	'	'December 2047	'	'	'

LongTerm_Debt_Details

Long-Term Debt (Details) (USD $)

0 Months Ended

6 Months Ended

0 Months Ended

6 Months Ended

6 Months Ended

6 Months Ended

6 Months Ended

6 Months Ended

0 Months Ended

6 Months Ended

6 Months Ended

6 Months Ended

0 Months Ended

Oct. 25, 2012

Jun. 30, 2014

Dec. 31, 2013

Mar. 14, 2013

Jul. 03, 2012

Jun. 30, 2014

Dec. 31, 2013

Jun. 30, 2014

Dec. 31, 2013

Jun. 30, 2014

Dec. 31, 2013

Jun. 30, 2011

Jun. 30, 2014

Dec. 31, 2013

Jun. 30, 2014

Dec. 31, 2013

Jul. 27, 2012

Jun. 30, 2014

Dec. 31, 2013

Jun. 30, 2014

Dec. 31, 2013

Jun. 30, 2014

Dec. 31, 2013

Jun. 30, 2014

Mar. 14, 2013

Jul. 03, 2012

Hyatt Herald Square (formerly the Holiday Inn New York City Midtown 31st Street) and Hyatt Place New York Midtown South Term Loan [Member]

Hyatt Herald Square (formerly the Holiday Inn New York City Midtown 31st Street) and Hyatt Place New York Midtown South Term Loan [Member]

Hyatt Herald Square (formerly the Holiday Inn New York City Midtown 31st Street) and Hyatt Place New York Midtown South Term Loan [Member]

Hyatt Herald Square (formerly the Holiday Inn New York City Midtown 31st Street) and Hyatt Place New York Midtown South Term Loan [Member]

Hyatt Regency Boston Mortgage Loan [Member]

Hyatt Regency Boston Mortgage Loan [Member]

Courtyard Washington Capitol Hill Navy Yard Mortgage Loan [Member]

Courtyard Washington Capitol Hill Navy Yard Mortgage Loan [Member]

Courtyard Washington Capitol Hill Navy Yard Mortgage Loan [Member]

Boston Marriott Newton Mortgage Loan [Member]

Boston Marriott Newton Mortgage Loan [Member]

Le Meridien San Francisco Mortgage Loan [Member]

Le Meridien San Francisco Mortgage Loan [Member]

Denver Marriott City Center Mortgage Loan [Member]

Denver Marriott City Center Mortgage Loan [Member]

Denver Marriott City Center Mortgage Loan [Member]

Hilton Checkers Los Angeles Mortgage Loan [Member]

Hilton Checkers Los Angeles Mortgage Loan [Member]

W Chicago - City Center Mortgage Loan [Member]

W Chicago - City Center Mortgage Loan [Member]

Interest Rate Swap [Member]

Interest Rate Swap [Member]

Interest Rate Swap [Member]

Debt Instrument [Line Items]

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Line of credit facility, issuance month year

'

'July 2010

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Debt instrument, issuance month year

'

'

'

'

'

'July 2012

'

'June 2011

'

'June 2011

'

'

'May 2013

'

'July 2013

'

'

'July 2012

'

'February 2013

'

'July 2013

'

'

'

'

Line of credit facility, expiration date month year

'

'April 2016

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Mortgage loans on real estate, face amount of mortgages

'

'

'

'

'

$60,000,000

'

$95,000,000

'

$37,497,000

'

$37,500,000

$60,000,000

'

$92,500,000

'

'

$70,000,000

'

$32,000,000

'

$93,000,000

'

'

'

'

Debt instrument maturity month year

'

'

'

'

'

'July 2014

'

'July 2016

'

'November 2016

'

'

'June 2020

'

'August 2020

'

'

'August 2022

'

'March 2023

'

'August 2023

'

'

'

'

Debt instrument, interest rate, stated percentage

'

'

'

'

'

'

'

5.01%

'

5.90%

'

'

3.63%

'

3.50%

'

'

4.90%

'

4.11%

'

4.25%

'

'

'

'

Mortgage loans on real estate amortization period

'

'

'

'

'

'

'

'30 years

'

'30 years

'

'

'25 years

'

'25 years

'

'

'30 years

'

'30 years

'

'25 years

'

'

'

'

Long-Term Debt

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Revolving credit facility

'

50,000,000

0

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Long-term debt, carrying amount

'

576,284,000

531,173,000

'

'

60,000,000

60,000,000

90,939,000

91,689,000

35,603,000

35,956,000

'

58,529,000

59,274,000

90,578,000

91,742,000

'

68,032,000

68,586,000

31,331,000

31,606,000

91,272,000

92,320,000

'

'

'

Unamortized premium

'

492,000

598,000

'

'

'

'

'

'

'

'

1,100,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Long-term debt

'

576,776,000

531,771,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Debt instrument maturity extension period

'1 year

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Line of credit facility, interest rate at period end

'

1.90%

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Proceeds from loan originations

'

'

'

35,000,000

25,000,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Debt instrument, basis spread on variable rate

'

'

'

'

3.25%

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Debt instrument effectively fixed rate

'

'

'

3.65%

3.75%

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Debt instrument effectively fixed term

'

'

'

'

'2 years

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Derivative effective date

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

14-Mar-13

3-Jul-12

Derivative, maturity date

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

3-Jul-14

3-Jul-14

3-Jul-14

Derivative, notional amount

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

35,000,000

25,000,000

Derivative, swaption interest rate

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

0.40%

0.50%

Debt instrument, maturity date

'

'

'

'

'

3-Jul-14

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Debt instrument, fair value disclosure

'

'

'

'

'

'

'

'

'

'

'

$38,600,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Debt instrument, term

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'30 years

'

'

'

'

'

'

'

'

'

Debt instrument call term

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'10 years

'

'

'

'

'

'

'

'

'

LongTerm_Debt_Details_1

Long-Term Debt (Details 1) (USD $)	6 Months Ended
	Jun. 30, 2014	Dec. 31, 2013
Future Principal Payments of Debt Obligations	'	'
2014	$64,948,000	'
2015	10,271,000	'
2016	181,323,000	'
2017	8,598,000	'
2018	8,952,000	'
Thereafter	302,192,000	'
Long-term debt, carrying amount	576,284,000	531,173,000
Hyatt Herald Square (formerly the Holiday Inn New York City Midtown 31st Street) and Hyatt Place New York Midtown South Term Loan [Member]	'	'
Debt Instrument [Line Items]	'	'
Debt instrument, maturity date	3-Jul-14	'
Repayment of secured debt	60,000,000	'
Future Principal Payments of Debt Obligations	'	'
Long-term debt, carrying amount	$60,000,000	$60,000,000

LongTerm_Debt_Details_Textual_

Long-Term Debt Details Textual (Details) (USD $)	0 Months Ended	6 Months Ended
In Millions, unless otherwise specified	Oct. 25, 2012	Jun. 30, 2014	Oct. 14, 2011
		hotel
Debt Instrument [Line Items]	'	'	'
Maximum borrowing capacity under revolving credit facility	$250	'	$200
Line of credit facility, expiration date month year	'	'April 2016	'
Potential maximum borrowing capacity under revolving credit facility	375	'	'
Debt instrument maturity extension period	'1 year	'	'
Number of hotels securing revolving credit facility	'	9	'
Current borrowing capacity under revolving credit facility	'	250	'
Line of credit facility, remaining borrowing capacity	'	$200	'
Weighted-average interest rate on long-term debt	'	4.10%	'
Minimum [Member]	'	'	'
Debt Instrument [Line Items]	'	'	'
Rate spread over LIBOR	1.75%	'	'
Maximum [Member]	'	'	'
Debt Instrument [Line Items]	'	'	'
Rate spread over LIBOR	2.75%	'	'

Earnings_Per_Share_Details

Earnings Per Share (Details) (USD $)	3 Months Ended		6 Months Ended
In Thousands, except Share data, unless otherwise specified	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014	Jun. 30, 2013
Numerator:	'	'	'	'
Net income available to common shareholders	$18,827	$14,635	$18,583	$9,703
Less: Dividends declared on unvested time-based awards	-128	-90	-257	-178
Less: Undistributed earnings allocated to unvested time-based awards	-35	-23	0	0
Net income available to common shareholders, excluding amounts attributable to unvested time-based awards	$18,664	$14,522	$18,326	$9,525
Denominator:	'	'	'	'
Weighted-average number of common shares outstanding-basic and diluted (in shares)	48,977,876	47,862,652	48,969,761	46,187,216
Net income available per common share—basic and diluted	$0.38	$0.30	$0.37	$0.21
Anti-dilutive Securities Excluded from Computation of Earnings Per Share [Line Items]	'	'	'	'
Anti-dilutive securities excluded from computation of earnings per share, amount	634,178	344,900	634,178	344,900

Shareholders_Equity_Details

Shareholders' Equity (Details) (USD $)	6 Months Ended
	Jun. 30, 2014
Common Stock [Member] | Fourth Quarter 2013 [Member]	'
Dividends Declared or Paid	'
Record date	31-Dec-13
Payment date	15-Jan-14
Common share, dividend per share, cash paid	$0.26
Common Stock [Member] | First Quarter 2014 [Member]	'
Dividends Declared or Paid	'
Record date	31-Mar-14
Payment date	15-Apr-14
Common share, dividend per share, declared	$0.30
Common Stock [Member] | Second Quarter 2014 [Member]	'
Dividends Declared or Paid	'
Record date	30-Jun-14
Payment date	15-Jul-14
Common share, dividend per share, declared	$0.30
Series A Preferred Stock [Member] | Fourth Quarter 2013 [Member]	'
Dividends Declared or Paid	'
Record date	31-Dec-13
Payment date	15-Jan-14
Preferred share, dividend per share, cash paid	$0.48
Series A Preferred Stock [Member] | First Quarter 2014 [Member]	'
Dividends Declared or Paid	'
Record date	31-Mar-14
Payment date	15-Apr-14
Preferred share, dividend per share, declared	$0.48
Series A Preferred Stock [Member] | Second Quarter 2014 [Member]	'
Dividends Declared or Paid	'
Record date	30-Jun-14
Payment date	15-Jul-14
Preferred share, dividend per share, declared	$0.48

Shareholders_Equity_Details_Te

Shareholders' Equity (Details Textual) (USD $)	0 Months Ended	6 Months Ended		12 Months Ended			0 Months Ended
In Millions, except Share data, unless otherwise specified	Feb. 06, 2013	Jun. 30, 2014	Dec. 31, 2013	Dec. 31, 2013	Jun. 30, 2014	Sep. 06, 2013	Jul. 17, 2012
				Sept 2013 ATM Program [Member]	Sept 2013 ATM Program [Member]	Sept 2013 ATM Program [Member]	Series A Cumulative Redeemable Preferred Shares [Member]
Shareholders' Equity (Textual) [Abstract]	'	'	'	'	'	'	'
Common shares, authorized (in shares)	'	400,000,000	400,000,000	'	'	'	'
Common shares, par value (in dollars per share)	'	$0.01	$0.01	'	'	'	'
Common shares, voting rights	'	'one	'	'	'	'	'
Common shares sold during period	8,337,500	'	'	1,012,058	'	'	'
Price per share of common shares sold during period	$20.75	'	'	'	'	'	'
Common shares sold during period pursuant to underwriters' option	1,087,500	'	'	'	'	'	'
Maximum proceeds under ATM program	'	'	'	'	'	$100	'
Average price per share for stock issued	'	'	'	$23.73	'	'	'
Proceeds from issuance of common shares net of underwriting fees and offering costs	165.9	'	'	23.5	'	'	'
Amount available for issuance under the ATM program	'	'	'	'	76	'	'
Issuance of unrestricted common shares (in shares)	'	1,439	'	'	'	'	'
Issuance of restricted common shares (in shares)	'	491,564	'	'	'	'	'
Repurchase of common shares (in shares)	'	18,104	'	'	'	'	'
Common shares, outstanding (in shares)	'	50,048,154	49,574,005	'	'	'	'
Preferred shares, authorized (in shares)	'	100,000,000	100,000,000	'	'	'	'
Preferred shares, par value (in dollars per share)	'	$0.01	$0.01	'	'	'	'
Preferred shares, outstanding (in shares)	'	5,000,000	5,000,000	'	'	'	'
Preferred shares, issued	'	5,000,000	5,000,000	'	'	'	'
Preferred shares, dividend rate, percentage	'	'	'	'	'	'	7.75%
Preferred shares, annual dividend per share	'	$1.94	'	'	'	'	'
Preferred shares, liquidation preference per share	'	$25	'	'	'	'	'
Preferred shares, share cap per share	'	2.9189	'	'	'	'	'
Maximum aggregate offering price of equity securities	'	500	'	'	'	'	'
Maximum aggregate offering price of equity securities remaining available to issue	'	$88.70	'	'	'	'	'

Equity_Plan_Table_1_Details

Equity Plan, Table 1 (Details) (USD $)	6 Months Ended
	Jun. 30, 2014
Restricted Common Shares	'
Number of restricted shares, beginning balance (in shares)	629,855
Weighted-average grant-date fair value, beginning (in dollars per share)	$18.35
Number of restricted shares, granted (in shares)	491,564
Weighted-average grant-date fair value, granted (in dollars per share)	$13.83
Number of restricted shares, vested (in shares)	-58,958
Weighted-average grant-date fair value, vested (in dollars per share)	$22.53
Number of restricted shares, forfeited (in shares)	-750
Weighted-average grant-date fair value, forfeited (in dollars per share)	$23.58
Number of restricted shares, ending balance (in shares)	1,061,711
Weighted-average grant-date fair value, ending (in dollars per share)	$16.02

Equity_Plan_Details_Textual

Equity Plan (Details Textual) (USD $)	1 Months Ended	6 Months Ended
In Millions, except Share data, unless otherwise specified	31-May-12	Jun. 30, 2014
Equity Plan (Textual) [Abstract]	'	'
Equity plan, common shares initially reserved for issuance (in shares)	'	454,657
Equity plan increase in common shares reserved for issuance (in shares)	2,750,000	'
Common shares reserved and available for future issuance (in shares)	'	1,559,446
Share-based compensation arrangement by share-based payment award, equity instruments other than options, grants in period	'	491,564
Share-based compensation arrangement by share-based payment award, time-based, grants in period	'	158,941
Share-based compensation arrangement by share-based payment award, performance-based, grants in period	'	332,623
Unrecognized share-based compensation expense	'	$12.80
Unrecognized share-based compensation expense, weighted-average period (in years)	'	'2 years 4 months 24 days

Equity_Plan_Details_Textual_2

Equity Plan (Details Textual 2) (USD $)	6 Months Ended
	Jun. 30, 2014
Share-based compensation arrangement by share-based payment award [Line Items]	'
Grant date fair value per share	$13.83
2014 Performance-Based Awards [Member]	'
Share-based compensation arrangement by share-based payment award [Line Items]	'
Grant date fair value per share	$8.98
Expected volatility rate	29.34%
Risk free interest rate	0.72%
Performance period	'3 years
No payout as a percentage maximum	0.00%
Threshold payout as a percentage of maximum	25.00%
Target payout as a percentage of maximum	50.00%
Maximum payout	100.00%
No payout if relative TSR less than	67.00%
Threshold payout if relative TSR equal to	67.00%
Target payout if relative TSR equal to	100.00%
Maximum payout if relative TRS greater than or equal to	133.00%

Fair_Value_Measurements_and_De1

Fair Value Measurements and Derivative Instruments (Details) (Interest Rate Swaps [Member])	0 Months Ended
	Jun. 30, 2014	Mar. 14, 2013	Jul. 03, 2012
Interest Rate Swaps [Member]	'	'	'
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]	'	'	'
Derivative instruments, maturity date	3-Jul-14	3-Jul-14	3-Jul-14

Commitments_and_Contingencies_

Commitments and Contingencies (Details) (USD $)	6 Months Ended
In Millions, unless otherwise specified	Jun. 30, 2014
Commitments and Contingencies (Textual) [Abstract]	'
Number of hotels operating pursuant to franchise agreements with hotel brand companies	12
Number of hotels operating pursuant to management agreements allowing them to operate under brand	8
Management Agreements [Member] | Maximum [Member]	'
Commitments and Contingencies (Textual) [Abstract]	'
General base management fee percentage of hotel revenues	4.00%
Management Agreements [Member] | Minimum [Member]	'
Commitments and Contingencies (Textual) [Abstract]	'
General base management fee percentage of hotel revenues	2.00%
Franchise Agreements [Member] | Maximum [Member]	'
Commitments and Contingencies (Textual) [Abstract]	'
General royalty fee percentage of room revenues	6.00%
General royalty fee percentage of food and beverage revenues	3.00%
General other franchisor fees percentage of room revenues	5.00%
Franchise Agreements [Member] | Minimum [Member]	'
Commitments and Contingencies (Textual) [Abstract]	'
General royalty fee percentage of room revenues	3.00%
General royalty fee percentage of food and beverage revenues	0.00%
General other franchisor fees percentage of room revenues	1.00%
Ground Lease Agreement - Hyatt Regency Mission Bay Spa and Marina [Member]	'
Commitments and Contingencies (Textual) [Abstract]	'
Ground lease agreement expiration month year	'January 2056
Ground lease annual base rent	$2.20
Base rent reset frequency in years	'3 years
Percentage of actual rent paid used to calculate base rent reset amount	75.00%
Number of years of actual rent paid used to calculate base rent reset amount	'2 years
FF&E Reserve [Member] | Maximum [Member]	'
Commitments and Contingencies (Textual) [Abstract]	'
Contribution percentage of gross revenues to reserve for hotel FF&E replacements	5.00%
FF&E Reserve [Member] | Minimum [Member]	'
Commitments and Contingencies (Textual) [Abstract]	'
Contribution percentage of gross revenues to reserve for hotel FF&E replacements	3.00%

Subsequent_Event_Details

Subsequent Event (Details) (USD $)	0 Months Ended
	Jul. 03, 2014
Hyatt Herald Square (formerly the Holiday Inn New York City Midtown 31st Street) and Hyatt Place New York Midtown South Mortgage Loan [Member]	'
Subsequent Event [Line Items]	'
Debt instrument, issuance date	3-Jul-14
Mortgage loans on real estate, face amount of mortgages	$90,000,000
Debt instrument maturity month year	'July 2024
Debt instrument, interest rate, stated percentage	4.30%
Mortgage loans on real estate interest only period	'2 years
Mortgage loans on real estate amortization period	'30 years
Hyatt Herald Square (formerly the Holiday Inn New York City Midtown 31st Street) and Hyatt Place New York Midtown South Term Loan [Member]	'
Subsequent Event [Line Items]	'
Repayment of secured debt	$60,000,000