Pebblebrook Hotel Trust (PEB) 10-K 17 Feb 15 2014 FY Annual report Financial data

Document_and_Entity_Informatio

Document and Entity Information (USD $)	12 Months Ended
	Dec. 31, 2014	Feb. 16, 2015	Jun. 30, 2014
Document and Entity Information [Abstract]
Document Type	10-K
Amendment Flag	FALSE
Document Period End Date	31-Dec-14
Document Fiscal Year Focus	2014
Document Fiscal Period Focus	FY
Entity Registrant Name	Pebblebrook Hotel Trust
Entity Central Index Key	1474098
Current Fiscal Year End Date	-19
Entity Filer Category	Large Accelerated Filer
Entity Common Stock, Shares Outstanding		71,715,415
Entity Well-known Seasoned Issuer	Yes
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Public Float			$2,300,000,000

Consolidated_Balance_Sheets

Consolidated Balance Sheets (USD $)	Dec. 31, 2014		Dec. 31, 2013
In Thousands, unless otherwise specified
ASSETS
Investment in hotel properties, net	$2,343,690		$1,717,611
Investment in joint venture	258,828		260,304
Ground lease asset, net	30,891		19,217
Cash and cash equivalents	52,883		55,136
Restricted cash	16,383		16,482
Hotel receivables (net of allowance for doubtful accounts of $139 and $270, respectively)	21,320		16,850
Deferred financing costs, net	6,246		4,736
Prepaid expenses and other assets	40,243		26,595
Total assets	2,770,484		2,116,931
LIABILITIES AND EQUITY
Senior unsecured revolving credit facility	50,000	[1]	0	[1]
Term loan	300,000	[2]	100,000	[2]
Mortgage debt (including mortgage loan premium of $4,026 and $5,888, respectively)	493,987		454,247
Accounts payable and accrued expenses	106,828		61,428
Advance deposits	11,583		8,432
Accrued interest	2,382		1,945
Distribution payable	23,293		15,795
Total liabilities	988,073		641,847
Commitments and contingencies (Note 11)
Shareholders' equity:
Preferred shares of beneficial interest, $.01 par value (liquidation preference $350,000 at December 31, 2014 and $325,000 at December 31, 2013), 100,000,000 shares authorized; 14,000,000 shares issued and outstanding at December 31, 2014 and 13,000,000 shares issued and outstanding at December 31, 2013	140		130
Common shares of beneficial interest, $.01 par value, 500,000,000 shares authorized; 71,553,481 issued and outstanding at December 31, 2014 and 63,709,628 issued and outstanding at December 31, 2013	716		637
Additional paid-in capital	1,864,739		1,541,138
Accumulated other comprehensive income (loss)	-341		1,086
Distributions in excess of retained earnings	-84,163		-69,652
Total shareholders' equity	1,781,091		1,473,339
Non-controlling interests	1,320		1,745
Total equity	1,782,411		1,475,084
Total liabilities and equity	$2,770,484		$2,116,931
[1]	Borrowings bear interest at floating rates equal to, at our option, either (i) LIBOR plus an applicable margin or (ii) an Adjusted Base Rate (as defined in the senior unsecured credit agreement) plus an applicable margin. The Company has two six-month extension options.
[2]	Borrowings under our term loan facility bear interest at floating rates equal to, at our option, either (i) LIBOR plus an applicable margin or (ii) a Base Rate plus an applicable margin. We entered into interest rate swaps to effectively fix the interest rate for the Term Loan. At December 31, 2014, the Company had interest rate swaps with an aggregate notional amount of $300.0 million, and, as a result, the Term Loan had a weighted-average effective interest rate of 2.83% through July 13, 2017 and a weighted-average effective interest rate of 3.41% from July 13, 2017 through January 15, 2020, based on the Company’s leverage ratio at December 31, 2014.

Consolidated_Balance_Sheets_Pa

Consolidated Balance Sheets (Parenthetical) (USD $)	Dec. 31, 2014		Dec. 31, 2013
In Thousands, except Share data, unless otherwise specified
Statement of Financial Position [Abstract]
Allowance for doubtful accounts	$139		$270
Mortgage loan premium	4,026	[1]	5,888	[1]
Preferred shares of beneficial interest, liquidation preference value	$350,000		$325,000
Preferred shares of beneficial interest, par value	$0.01		$0.01
Preferred shares of beneficial interest, shares authorized	100,000,000		100,000,000
Preferred shares of beneficial interest, shares issued	14,000,000		13,000,000
Preferred shares of beneficial interest, shares outstanding	14,000,000		13,000,000
Common shares of beneficial interest, par value	$0.01		$0.01
Common shares of beneficial interest, shares authorized	500,000,000		500,000,000
Common shares of beneficial interest, shares issued	71,553,481		63,709,628
Common shares of beneficial interest, shares outstanding	71,553,481		63,709,628
[1]	Loan premiums on assumed mortgages recorded in purchase accounting for the Hotel Palomar San Francisco, Embassy Suites San Diego Bay - Downtown, Hotel Modera and The Nines, a Luxury Collection Hotel, Portland.

Consolidated_Statements_of_Ope

Consolidated Statements of Operations and Comprehensive Income (USD $)	12 Months Ended
In Thousands, except Share data, unless otherwise specified	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Revenues:
Room	$410,600	$321,630	$239,218
Food and beverage	148,114	136,531	117,752
Other operating	40,062	31,056	23,718
Total revenues	598,776	489,217	380,688
Hotel operating expenses:
Room	102,709	83,390	63,213
Food and beverage	104,843	100,244	86,369
Other direct	14,512	14,037	12,236
Other indirect	151,923	126,527	99,766
Total hotel operating expenses	373,987	324,198	261,584
Depreciation and amortization	68,324	55,570	42,794
Real estate taxes, personal property taxes, property insurance, and ground rent	36,878	31,052	20,187
General and administrative	26,349	17,166	16,777
Hotel acquisition costs	1,973	3,376	2,234
Total operating expenses	507,511	431,362	343,576
Operating income (loss)	91,265	57,855	37,112
Interest income	2,529	2,620	224
Interest expense	-27,065	-23,680	-14,932
Equity in earnings (loss) of joint venture	10,065	7,623	5,970
Income (loss) before income taxes	76,794	44,418	28,374
Income tax (expense) benefit	-3,251	-1,226	-1,866
Net income (loss)	73,543	43,192	26,508
Net income (loss) attributable to non-controlling interests	677	274	429
Net income (loss) attributable to the Company	72,866	42,918	26,079
Distributions to preferred shareholders	-25,079	-22,953	-17,825
Net income (loss) attributable to common shareholders	47,787	19,965	8,254
Net income (loss) per share available to common shareholders, basic	$0.72	$0.32	$0.14
Net income (loss) per share available to common shareholders, diluted	$0.71	$0.32	$0.14
Weighted-average number of common shares, basic (in shares)	65,646,712	61,498,389	55,806,543
Weighted-average number of common shares, diluted (in shares)	66,264,118	61,836,741	55,955,497
Comprehensive Income:
Net income (loss)	73,543	43,192	26,508
Unrealized gain (loss) on derivative instruments	-1,427	1,386	-300
Comprehensive income (loss)	72,116	44,578	26,208
Comprehensive income (loss) attributable to non-controlling interests	665	287	427
Comprehensive income (loss) attributable to the Company	$71,451	$44,291	$25,781

Consolidated_Statements_of_Equ

Consolidated Statements of Equity (USD $)	Total	Preferred Shares [Member]	Common Shares [Member]	Additional Paid-in Capital [Member]	Accumulated Other Comprehensive Income (Loss) [Member]	Distributions in Excess of Retained Earnings [Member]	Parent [Member]	Noncontrolling Interest [Member]
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest at Dec. 31, 2011	$1,116,348,000	$90,000	$508,000	$1,142,905,000	$0	($30,252,000)	$1,113,251,000	$3,097,000
Preferred Stock, Shares Outstanding at Dec. 31, 2011		9,000,000
Common Stock, Shares, Outstanding at Dec. 31, 2011			50,769,024
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Issuance of shares, net of offering costs, Shares			9,694,087
Issuance of shares, net of offering costs, Value	214,871,000		97,000	214,774,000			214,871,000
Issuance of Common Shares for Board Of Trustees Compensation , Shares			10,361
Issuance of Common Shares for Board Of Trustees Compensation, Value	199,000			199,000			199,000
Repurchase of Common Stock, Shares			-15,706
Repurchase of Common Shares, Value	-321,000			-321,000			-321,000
Share-based Compensation, Shares			52,789
Stock Issued During Period, Value, Share-based Compensation, Net of Forfeitures			1,000
Share-based Compensation, Value	4,215,000			2,635,000			2,636,000	1,579,000
Distributions on Common Shares and Units	-28,246,000					-27,800,000	-27,800,000	-446,000
Distributions on Preferred Shares	-17,840,000					-17,825,000	-17,825,000	-15,000
Unrealized gain (loss) on derivative instruments	-300,000				-300,000		-300,000
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest	26,508,000					26,079,000	26,079,000	429,000
Stock Issued During Period, Shares, Conversion of Units			444,535
Noncontrolling Interest, Decrease from Redemptions or Purchase of Interests	-2,342,000		4,000	2,157,000			2,161,000	-4,503,000
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest at Dec. 31, 2012	1,313,092,000	90,000	610,000	1,362,349,000	-300,000	-49,798,000	1,312,951,000	141,000
Common Stock, Shares, Outstanding at Dec. 31, 2012			60,955,090
Preferred Stock, Shares Outstanding at Dec. 31, 2012		9,000,000
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Issuance of shares, net of offering costs, Shares		4,000,000	2,701,893
Issuance of shares, net of offering costs, Value	175,575,000	40,000	27,000	175,508,000			175,575,000
Issuance of Common Shares for Board Of Trustees Compensation , Shares			9,097
Issuance of Common Shares for Board Of Trustees Compensation, Value	207,000			207,000			207,000
Repurchase of Common Stock, Shares			-21,644
Repurchase of Common Shares, Value	-523,000			-523,000			-523,000
Share-based Compensation, Shares			65,192
Stock Issued During Period, Value, Share-based Compensation, Net of Forfeitures			0
Share-based Compensation, Value	5,222,000			3,597,000			3,597,000	1,625,000
Distributions on Common Shares and Units	-40,099,000					-39,819,000	-39,819,000	-280,000
Distributions on Preferred Shares	-22,968,000					-22,953,000	-22,953,000	-15,000
Unrealized gain (loss) on derivative instruments	1,386,000				1,386,000		1,386,000
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest	43,192,000					42,918,000	42,918,000	274,000
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest at Dec. 31, 2013	1,475,084,000	130,000	637,000	1,541,138,000	1,086,000	-69,652,000	1,473,339,000	1,745,000
Preferred Stock, Shares Outstanding at Dec. 31, 2013	13,000,000	13,000,000
Common Stock, Shares, Outstanding at Dec. 31, 2013	63,709,628		63,709,628
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Issuance of shares, net of offering costs, Shares		1,000,000	7,530,000
Issuance of shares, net of offering costs, Value	316,910,000	10,000	75,000	316,825,000			316,910,000
Issuance of Common Shares for Board Of Trustees Compensation , Shares			13,793
Issuance of Common Shares for Board Of Trustees Compensation, Value	421,000			421,000			421,000
Repurchase of Common Stock, Shares			-20,539
Repurchase of Common Shares, Value	-632,000			-632,000			-632,000
Share-based Compensation, Shares			62,498
Stock Issued During Period, Value, Share-based Compensation, Net of Forfeitures			1,000
Share-based Compensation, Value	11,695,000			9,085,000			9,086,000	2,609,000
Distributions on Common Shares and Units	-62,857,000					-62,298,000	-62,298,000	-559,000
Distributions on Preferred Shares	-25,095,000					-25,079,000	-25,079,000	-16,000
Unrealized gain (loss) on derivative instruments	-1,427,000				-1,427,000		-1,427,000
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest	73,543,000					72,866,000	72,866,000	677,000
Stock Issued During Period, Shares, Conversion of Units			258,101
Noncontrolling Interest, Decrease from Redemptions or Purchase of Interests	-5,231,000		3,000	-2,098,000			-2,095,000	-3,136,000
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest at Dec. 31, 2014	$1,782,411,000	$140,000	$716,000	$1,864,739,000	($341,000)	($84,163,000)	$1,781,091,000	$1,320,000
Preferred Stock, Shares Outstanding at Dec. 31, 2014	14,000,000	14,000,000
Common Stock, Shares, Outstanding at Dec. 31, 2014	71,553,481		71,553,481

Consolidated_Statements_of_Cas

Consolidated Statements of Cash Flows (USD $)	12 Months Ended
In Thousands, unless otherwise specified	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Operating activities:
Net income (loss)	$73,543	$43,192	$26,508
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:
Depreciation and amortization	68,324	55,570	42,794
Share-based compensation	11,695	5,222	4,215
Amortization of deferred financing costs and mortgage loan premiums	-604	-259	1,400
Non-cash ground rent	2,252	3,128	219
Equity in (earnings) loss from joint venture	-7,676	-5,234	-5,970
Other	407	892	240
Changes in assets and liabilities:
Restricted cash, net	71	-1,266	-1,547
Hotel receivables	-3,544	-3,343	-1,321
Prepaid expenses and other assets	-3,763	-3,441	2,679
Distributions from joint venture, net	9,152	1,617	0
Accounts payable and accrued expenses	10,598	8,051	7,740
Advance deposits	829	3,324	216
Net cash provided by (used in) operating activities	161,284	107,453	77,173
Investing activities:
Acquisition of hotel properties	-575,748	-230,769	-247,971
Improvements and additions to hotel properties	-52,553	-38,753	-53,156
Distribution from (investment in) joint venture, net	0	26,291	-105,277
Deposit on hotel properties	0	0	-4,000
Acquisition of note receivable	-3,020	0	0
Purchase of corporate office equipment, computer software, and furniture	-1,146	-33	-47
Restricted cash, net	28	-3,182	2,582
Property insurance proceeds	1,113	458	0
Net cash provided by (used in) investing activities	-631,326	-245,988	-407,869
Financing activities:
Gross proceeds from issuance of common shares	293,211	79,362	221,579
Gross proceeds from issuance of preferred shares	25,000	100,000	0
Payment of offering costs - common and preferred shares	-1,301	-3,787	-6,708
Payment of deferred financing costs	-3,696	-650	-3,765
Borrowings under senior revolving credit facility	180,000	0	120,000
Repayments under senior revolving credit facility	-130,000	0	-120,000
Borrowings under term loan facility	200,000	0	100,000
Proceeds from mortgage debt	0	0	224,000
Repayments of mortgage debt	-9,123	-8,099	-136,704
Repurchase of common shares	-632	-523	-321
Redemption of non-controlling interests	-5,231	0	-2,342
Distributions - common shares/units	-55,708	-36,969	-27,002
Distributions - preferred shares	-24,731	-21,563	-17,825
Net cash provided by (used in) financing activities	467,789	107,771	350,912
Net change in cash and cash equivalents	-2,253	-30,764	20,216
Cash and cash equivalents, beginning of year	55,136	85,900	65,684
Cash and cash equivalents, end of year	$52,883	$55,136	$85,900

Organization

Organization	12 Months Ended
	Dec. 31, 2014
Organization, Consolidation and Presentation of Financial Statements [Abstract]
ORGANIZATION	Pebblebrook Hotel Trust (the “Company”) was formed as a Maryland real estate investment trust in October 2009 to opportunistically acquire and invest in hotel properties located primarily in major United States cities, with an emphasis on major gateway coastal markets.
	As of December 31, 2014, the Company owned interests in 35 hotels, including 29 wholly owned hotels with a total of 6,948 guest rooms and a 49% joint venture interest in six hotels with a total of 1,775 guest rooms. The hotels are located in the following markets: Atlanta (Buckhead), Georgia; Bethesda, Maryland; Boston, Massachusetts; Hollywood, California; Los Angeles, California; Miami, Florida; Minneapolis, Minnesota; Nashville, Tennessee; New York, New York; Philadelphia, Pennsylvania; Portland, Oregon; San Diego, California; San Francisco, California; Santa Monica, California; Seattle, Washington; Stevenson, Washington; Washington, D.C.; West Hollywood, California; and Westwood, California.
	Substantially all of the Company’s assets are held by, and all of the operations are conducted through, Pebblebrook Hotel, L.P. (the “Operating Partnership”). The Company is the sole general partner of the Operating Partnership. At December 31, 2014, the Company owned 99.7% of the common limited partnership units issued by the Operating Partnership ("common units"). The remaining 0.3% of the common units are owned by the other limited partners of the Operating Partnership. For the Company to qualify as a real estate investment trust (“REIT”) under the Internal Revenue Code of 1986, as amended (the "Code"), it cannot operate the hotels it owns. Therefore, the Operating Partnership and its subsidiaries lease the hotel properties to subsidiaries of Pebblebrook Hotel Lessee, Inc. (collectively with its subsidiaries, “PHL”), the Company’s taxable REIT subsidiary (“TRS”), which in turn engages third-party eligible independent contractors to manage the hotels. PHL is consolidated into the Company’s financial statements.

Summary_of_Significant_Account

Summary of Significant Accounting Policies	12 Months Ended
	Dec. 31, 2014
Accounting Policies [Abstract]
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
	Basis of Presentation
	The Company and its subsidiaries are separate legal entities and maintain records and books of account separate and apart from each other. The consolidated financial statements include all of the accounts of the Company and its subsidiaries and are presented in accordance with U.S. GAAP. All significant intercompany balances and transactions have been eliminated in consolidation. Investments in entities in which the Company does not control, but has the ability to exercise significant influence over operating and financial policies, are accounted for under the equity method.
	Use of Estimates
	The preparation of the financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, disclosure of contingent assets and liabilities, and revenues and expenses. These estimates are prepared using management’s best judgment, after considering past, current and expected events and economic conditions. Actual results could differ from these estimates.
	Risks and Uncertainties
	The state of the overall economy can significantly impact hotel operational performance and thus, impact the Company's financial position. Should any of the hotels experience a significant decline in operational performance, it may affect the Company's ability to make distributions to our shareholders and service debt or meet other financial obligations.
	Fair Value Measurements
	A fair value measurement is based on the assumptions that market participants would use in pricing an asset or liability in an orderly transaction. The hierarchy for inputs used in measuring fair value are as follows:
	1	Level 1 – Inputs are quoted prices (unadjusted) in active markets for identical assets or liabilities.
	2	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, and model-derived valuations whose inputs are observable.
	3	Level 3 – Model-derived valuations with unobservable inputs.
	In certain cases, the inputs used to measure fair value may fall into different levels of the fair value hierarchy. In such cases, for disclosure purposes, the level within which the fair value measurement is categorized is based on the lowest level input that is significant to the fair value measurement.
	The Company's financial instruments include cash and cash equivalents, restricted cash, accounts payable and accrued expenses. Due to their short maturities, the carrying amounts of these assets and liabilities approximate fair value. See Note 6 for disclosures on the fair value of debt and derivative instruments.
	Investment in Hotel Properties
	Upon acquisition of hotel properties, the Company allocates the purchase price based on the fair value of the acquired land, land improvements, building, furniture, fixtures and equipment, identifiable intangible assets or liabilities, other assets and assumed liabilities. Identifiable intangible assets or liabilities typically arise from contractual arrangements in connection with the transaction, including terms that are above or below market compared to an estimated market agreement at the acquisition date. Acquisition-date fair values of assets and assumed liabilities are determined based on replacement costs, appraised values, and estimated fair values using methods similar to those used by independent appraisers and that use appropriate discount and/or capitalization rates and available market information.
	Acquisition costs are expensed as incurred.
	Hotel renovations and replacements of assets that improve or extend the life of the asset are recorded at cost and depreciated over their estimated useful lives. Furniture, fixtures and equipment under capital leases are recorded at the present value of the minimum lease payments. Repair and maintenance costs are expensed as incurred.
	Hotel properties are recorded at cost and depreciated using the straight-line method over an estimated useful life of 10 to 40 years for buildings, land improvements, and building improvements and 1 to 10 years for furniture, fixtures and equipment. Leasehold improvements are amortized over the shorter of the lease term or the useful lives of the related assets. Intangible assets arising from contractual arrangements are typically amortized over the life of the contract. The Company is required to make subjective assessments as to the useful lives and classification of properties for purposes of determining the amount of depreciation expense to reflect each year with respect to the assets. These assessments may impact the Company’s results of operations.
	The Company reviews its investments in hotel properties for impairment whenever events or changes in circumstances indicate that the carrying value of the hotel properties may not be recoverable. Events or circumstances that may cause a review include, but are not limited to, when a hotel property experiences a current or projected loss from operations, when it becomes more likely than not that a hotel property will be sold before the end of its useful life, adverse changes in the demand for lodging at the properties due to declining national or local economic conditions and/or new hotel construction in markets where the hotels are located. When such conditions exist, the Company 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 value of the asset, an adjustment to reduce the carrying value to the related hotel’s estimated fair market value is recorded and an impairment loss recognized. In the evaluation of impairment of its hotel properties, the Company makes many assumptions and estimates including projected cash flows both from operations and eventual disposition, expected useful life and holding period, future required capital expenditures, and fair values, including consideration of capitalization rates, discount rates, and comparable selling prices. The Company will adjust its assumptions with respect to the remaining useful life of the hotel property when circumstances change or it is more likely than not that the hotel property will be sold prior to its previously expected useful life.
	The Company will classify a hotel as held for sale when a binding agreement to sell the property has been signed under which the buyer has committed a significant amount of nonrefundable cash, no significant financing contingencies exist, and the sale is expected to close within one year. If these criteria are met and if the fair value less costs to sell is lower than the carrying value of the hotel, the Company will record an impairment loss and will cease recording depreciation expense. The Company will generally classify the loss, together with the related operating results, as continuing operations on the statements of operations and classify the assets and related liabilities as held for sale on the balance sheet. See "Recent Accounting Standards" below.
	Investment in Joint Venture
	The Company reviews its investment in joint venture for impairment annually or at interim periods if events or circumstances indicate that the investment may be impaired. The investment is impaired when its estimated fair value is less than the carrying amount of the investment and that impairment is other than temporary.
	Intangible Assets and Liabilities
	Intangible assets or liabilities are recorded on non-market contracts assumed as part of the acquisition of certain hotels. The Company reviews the terms of agreements assumed in conjunction with the purchase of a hotel to determine if the terms are over or under market compared to an estimated market agreement at the acquisition date. Under market lease assets or over market contract liabilities are recorded at the acquisition date and amortized using the straight-line method over the term of the agreement. The Company does not amortize intangible assets with indefinite useful lives, but review these assets for impairment annually or at interim periods if events or circumstances indicate that the asset may be impaired.
	Cash and Cash Equivalents
	Cash and cash equivalents consist of cash on hand, demand deposits with financial institutions and short-term liquid investments with an original maturity of three months or less. The Company maintains cash and cash equivalents balances in excess of insured limits with various financial institutions. This may subject the Company to significant concentrations of credit risk. The Company performs periodic evaluations of the credit quality of these financial institutions.
	Restricted Cash
	Restricted cash primarily consists of reserves for replacement of furniture and fixtures and cash held in escrow pursuant to lender requirements to pay for real estate taxes or property insurance.
	Prepaid Expenses and Other Assets
	The Company's prepaid expenses and other assets consist of prepaid real estate taxes, prepaid insurance, deposits on hotel acquisitions, inventories, over or under market leases, and corporate office equipment and furniture.
	Deferred Financing Costs
	Financing costs are recorded at cost and consist of loan fees and other costs incurred in connection with obtaining debt. Amortization of deferred financing costs is computed using a method, which approximates the effective interest method over the remaining life of the debt, and is included in interest expense in the accompanying consolidated statements of operations.
	Derivative Instruments
	In the normal course of business, the Company is exposed to the effects of interest rate changes. The Company may enter into derivative instruments including interest rate swaps, caps and collars to manage or hedge interest rate risk. Derivative instruments are recorded at fair value on the balance sheet date. Unrealized gains and losses on the effective portion of hedging instruments are reported in other comprehensive income (loss) and are subsequently reclassified into earnings in the period that the hedged forecasted transaction affects earnings. Ineffective portions of changes in the fair value of a cash flow hedge are recognized as increases or decreases to interest expense.
	Revenue Recognition
	Revenue consists of amounts derived from hotel operations, including the sales of rooms, food and beverage, and other ancillary amenities. Revenue is recognized when rooms are occupied and services have been rendered. For retail operations, revenue is recognized on a straight-line basis over the lives of the retail leases. The Company collects sales, use, occupancy and similar taxes at its hotels which are presented on a net basis on the statement of operations. Accounts receivable primarily represents receivables from hotel guests who occupy hotel rooms and utilize hotel services. The Company maintains an allowance for doubtful accounts sufficient to cover potential credit losses.
	Income Taxes
	To qualify as a REIT for federal income tax purposes, the Company must meet a number of organizational and operational requirements, including a requirement that it currently distribute at least 90 percent of its adjusted taxable income to its shareholders. As a REIT, the Company generally is not subject to federal corporate income tax on that portion of its taxable income that is currently distributed to shareholders. The Company is subject to certain state and local taxes on its income and property, and to federal income and excise taxes on its undistributed taxable income. In addition, PHL, which leases the Company’s hotels from the Operating Partnership, is subject to federal and state income taxes. The Company 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
	The Company has adopted an equity incentive plan that provides for the grant of common share options, share awards, share appreciation rights, performance units and other equity-based awards. Equity-based compensation is measured at the fair value of the award on the date of grant and recognized as an expense on a straight-line basis over the vesting period. Share-based compensation awards that contain a performance condition are reviewed at least quarterly to assess the achievement of the performance condition. Compensation expense will be adjusted when a change in the assessment of achievement of the specific performance condition level is determined to be probable. The determination of fair value of these awards is subjective and involves significant estimates and assumptions including expected volatility of the Company's shares, expected dividend yield, expected term and assumptions of whether these awards will achieve parity with other operating partnership units or achieve performance thresholds.
	Earnings Per Share
	Basic earnings per share (“EPS”) is computed by dividing the net income (loss) attributable to common shareholders by the weighted-average number of common shares outstanding for the period. Diluted EPS is computed by dividing net income (loss) attributable to common shareholders as adjusted for dilutive securities, by the weighted-average number of common shares outstanding plus dilutive securities. Any anti-dilutive securities are excluded from the diluted per-share calculation.
	Comprehensive Income
	The purpose of reporting comprehensive income is to report a measure of all changes in equity of an entity that result from recognized transactions and other economic events of the period other than transactions with owners in their capacity as owners.  Comprehensive income consists of all components of income, including other comprehensive income, which is excluded from net income.  For the years ended December 31, 2014, 2013 and 2012, comprehensive income (loss) was $72.1 million, $44.6 million and $26.2 million, respectively. As of December 31, 2014 and 2013, the Company's accumulated other comprehensive income (loss) was $(0.3) million and $1.1 million, respectively.
	Recent Accounting Standards
	On April 10, 2014, the FASB issued ASU 2014-08 Reporting Discontinued Operations and Disclosures of Disposals of Components of an Entity, which changes the criteria for determining which disposals are presented as discontinued operations and modifies related disclosure requirements. This standard is effective for fiscal years beginning after December 15, 2014 and for interim periods within those fiscal years with early adoption permitted. The Company has early adopted this standard effective January 1, 2014. Under this ASU, the Company anticipates that the majority of property sales will not be classified as discontinued operations.
	On May 28, 2014, the FASB issued ASU No. 2014-09, Revenue from Contracts with Customers, which requires an entity to recognize the amount of revenue to which it expects to be entitled for the transfer of promised goods or services to customers. The ASU will replace most existing revenue recognition guidance in U.S. GAAP when it becomes effective. The new standard will be effective for the Company on January 1, 2017. Early adoption is not permitted. The standard permits the use of either the retrospective or cumulative effect transition method. The Company is evaluating the effect that ASU 2014-09 will have on its consolidated financial statements and related disclosures. The Company has not yet selected a transition method nor has it determined the effect of the standard on its financial statements.
	In August 2014, the FASB issued ASU No. 2014-15, Disclosure of Uncertainties about an Entity’s Ability to Continue as a Going Concern, which requires management to perform interim and annual assessments of an entity’s ability to continue as a going concern within one year of the date the financial statements are issued and provides guidance on determining when and how to disclose going concern uncertainties in the financial statements. Certain disclosures will be required if conditions give rise to substantial doubt about an entity’s ability to continue as a going concern. This guidance will be effective for the Company on January 1, 2017 and will not have an impact on the Company’s financial position, results of operations or cash flows.

Acquisition_of_Hotel_Propertie

Acquisition of Hotel Properties	12 Months Ended
	Dec. 31, 2014
Business Combinations [Abstract]
ACQUISITION OF HOTEL PROPERTIES	ACQUISITION OF HOTEL PROPERTIES
	On May 22, 2014, the Company acquired the 160-room Prescott Hotel located in San Francisco, California for $49.0 million. In addition, the Company paid certain costs of the seller of $1.3 million. The transaction included a fee simple acquisition of 96 guest rooms in one building and a leasehold interest acquisition of 64 guest rooms in an adjacent attached building. In connection with the acquisition of the leasehold interest, the Company assumed a long-term hotel lease with an unaffiliated third party that expires in 2059, with a one time extension option of 30 years. The Company is required to pay annual base rent of approximately $0.5 million, beginning in October 2017. The annual base rent is subject to a fixed increase every year during the remaining lease term. This transaction was funded with available cash and borrowings under the Company's senior unsecured revolving credit facility. The hotel will continue to be managed by Kimpton Hotel & Restaurant Group, LLC. The purchase price was allocated as follows: $12.6 million to land, $31.5 million to building and improvements, $1.1 million to furniture and fixtures, and $3.7 million to below (above) market rate contracts and other intangibles.
	As noted above, the Prescott Hotel is subject to a long-term hotel lease of 64 rooms located in an adjacent attached building. The building portion of the long-term hotel lease assumed was determined to be a capital lease under the criteria in ASC 840 - Leases. At acquisition, the Company recorded a capital lease obligation of $10.8 million related to this leasehold interest, based on the estimated fair value of the payments for the remaining term, and is included in accounts payable and accrued expenses. The Company recorded a capital asset of $12.2 million based on an estimated fair value for the right to use the leased property, which is included in investment in hotel properties, net, in the accompanying consolidated balance sheets.
	On July 17, 2014, the Company acquired the 331-room The Nines, a Luxury Collection Hotel, Portland located in Portland, Oregon for $127.0 million. The acquisition was funded with $76.3 million of borrowings under the Company's senior unsecured revolving credit facility and the assumption of three non-recourse mortgage loans totaling $50.7 million. The hotel will continue to be managed by Sage Hospitality. The purchase price was allocated as follows: $18.5 million to land, $92.3 million to building and improvements, $8.8 million to furniture and fixtures, and $7.1 million to below (above) market rate contracts and other intangibles.
	In conjunction with the acquisition of The Nines, a Luxury Collection Hotel, Portland, the Company indemnified certain tax credit investors for certain income tax liabilities and related expenses such investors will incur if the Company were to repay the three mortgage loans before March 5, 2015 or engage in certain businesses prohibited under the New Markets Tax Credit program. Owning and operating a hotel is not one of those prohibited businesses. The potential indemnification obligation could range from zero to $28.3 million (plus interest, penalties and related expenses) and will expire on March 5, 2015, which is the end of the New Markets Tax Credit compliance period. Due to the nature of these requirements and because compliance with them is within the Company’s control, the Company believes that the likelihood that the Company will be required to pay under this indemnity is remote.
	On November 12, 2014, the Company acquired the 157-room The Westin Colonnade Coral Gables located in Miami, Florida for $59.4 million. The acquisition was funded with available cash and the hotel will continue to be managed by Davidson Hotel and Resorts. The purchase price was allocated as follows: $12.1 million to land, $46.3 million to building and improvements, $1.3 million to furniture and fixtures, and $0.3 million to below (above) market rate contracts and other intangibles.
	On November 20, 2014, the Company acquired a leasehold interest in the 264-room Hotel Palomar Los Angeles - Westwood located in Los Angeles, California for $78.7 million. In connection with the acquisition of the leasehold interest, the Company assumed a long-term ground lease with an unaffiliated third party that expires in 2107, including nineteen five-year extension options. The Company is required to pay annual base rent of approximately $3.5 million and is adjusted for consumer price index ("CPI") increases at each five-year extension. The acquisition was funded with available cash and the hotel will continue to be managed by Kimpton Hotel & Restaurant Group, LLC. The purchase price was allocated as follows: $90.7 million to building and improvements, $1.5 million to furniture and fixtures, and $(13.5) million to below (above) market rate contracts and other intangibles.
	On December 10, 2014, the Company acquired a leasehold interest in the 125-room Union Station Hotel, Autograph Collection, located in Nashville, Tennessee for $52.3 million. In connection with the acquisition of the leasehold interest, the Company assumed a long-term ground lease with an unaffiliated third party that expires in 2105. The Company is required to pay the greater of annual base rent of $0.1 million or taxes on real property. The acquisition was funded with available cash and the Company selected Sage Hospitality to manage the hotel. The purchase price was allocated as follows: $37.8 million to building and improvements, $6.8 million to furniture and fixtures, and $7.5 million to below (above) market rate contracts and other intangibles. This allocation is preliminary because the Company is still in process of finalizing the accounting for this acquisition.
	On December 18, 2014, the Company acquired the 356-room Revere Hotel Boston Common located in Boston, Massachusetts for $260.4 million. The acquisition was funded with available cash and borrowings under the Company's credit agreement. The purchase price was allocated as follows: $41.9 million to land, $207.8 million to building and improvements, and $10.6 million to furniture and fixtures.
	The following unaudited pro forma financial information presents the results of operations of the Company for the years ended December 31, 2014 and 2013 as if the hotels acquired in 2014 and 2013 were acquired on January 1, 2013 and 2012, respectively. The following hotels' pro forma results are included in the pro forma table below: Embassy Suites San Diego Bay-Downtown; Redbury Hotel; Hotel Modera; Radisson Hotel Fisherman's Wharf; Prescott Hotel; The Nines, a Luxury Collection Hotel, Portland; The Westin Colonnade Coral Gables; Hotel Palomar Los Angeles - Westwood; Union Station Hotel, Autograph Collection; and Revere Hotel Boston Common. The pro forma results below exclude acquisition costs of $2.0 million and $3.4 million for the years ended December 31, 2014 and 2013, respectively. The unaudited pro forma results have been prepared for comparative purposes only and do not purport to be indicative of either the results of operations that would have actually occurred had these transactions occurred or the future results of operations (in thousands, except per-share data).
		For the year ended December 31,
		2014		2013
		(Unaudited)
	Total revenues	$	708,928	$	663,000
	Operating income (loss)	111,725		92,092
	Net income (loss) attributable to common shareholders	64,095		49,244
	Net income (loss) per share available to common shareholders — basic	$	0.97	$	0.75
	Net income (loss) per share available to common shareholders — diluted	$	0.96	$	0.74
	For the year ended December 31, 2014, the Company's consolidated statements of operations included $34.3 million of revenues and $21.8 million of hotel operating expenses related to the operations of the Prescott Hotel, The Nines, a Luxury Collection Hotel, Portland, The Westin Colonnade Coral Gables, Hotel Palomar Los Angeles - Westwood, Union Station Hotel, Autograph Collection, and Revere Hotel Boston Common.

Investment_in_Hotel_Properties

Investment in Hotel Properties	12 Months Ended
	Dec. 31, 2014
Real Estate [Abstract]
INVESTMENT IN HOTEL PROPERTIES	INVESTMENT IN HOTEL PROPERTIES
	Investment in hotel properties as of December 31, 2014 and December 31, 2013 consisted of the following (in thousands):
		December 31,			December 31, 2013
		2014
	Land	$	357,680		$	272,661
	Buildings and improvements	1,987,050			1,437,593
	Furniture, fixtures and equipment	183,016			135,547
	Construction in progress	10,524			4,138
	Investment in hotel properties	$	2,538,270		$	1,849,939
	Less: Accumulated depreciation	(194,580		)	(132,328		)
	Investment in hotel properties, net	$	2,343,690		$	1,717,611
	As of December 31, 2014, buildings and improvements include capital lease asset of $12.2 million and accumulated depreciation includes amounts related to capital lease asset of $0.2 million. Depreciation of capital lease asset is included in depreciation and amortization expense in the accompanying consolidated statements of operations and comprehensive income for all periods presented.

Investment_in_Joint_Venture

Investment in Joint Venture	12 Months Ended
	Dec. 31, 2014
Equity Method Investments and Joint Ventures [Abstract]
Investment in Joint Venture	INVESTMENT IN JOINT VENTURE
	On July 29, 2011, the Company acquired a 49% interest in a joint venture (the “Manhattan Collection joint venture”), which owns six properties in New York, New York. The transaction valued the six hotels at approximately $908.0 million (subject to working capital and similar adjustments). The Company accounts for this investment using the equity method.
	In conjunction with the joint venture's refinancing in 2012, the Company provided the joint venture a $50.0 million unsecured special loan which matures at the earlier of July 4, 2018, the closing of any refinancing of the secured loan or the closing date of a portfolio sale (as defined in the loan agreement). The unsecured special loan bears interest at an annual fixed rate of 9.75% and requires interest-only payments through maturity. The unsecured special loan is pre-payable by the joint venture at any time. The unsecured special loan to the joint venture is included in the investment in joint venture on the consolidated balance sheets. Interest income is recorded on the accrual basis and the Company's 49% pro-rata portion of the special loan and related interest income is eliminated.
	As of December 31, 2014, the joint venture reported $474.1 million in total assets, which represents the basis of the hotels prior to the Company's investment. The joint venture's total liabilities and members' deficit include $460.0 million in existing first mortgage debt and a $50.0 million unsecured special loan. The Company is not a guarantor of any existing debt of the joint venture except for limited customary carve-outs related to fraud or misapplication of funds.
	At the time of the Company’s investment, the estimated fair value of the hotel properties owned by the Manhattan Collection joint venture exceeded the carrying value. This basis difference between the Company’s investment in the joint venture and the Company’s proportionate 49% interest in these depreciable assets held by the joint venture is amortized over the estimated life of the underlying assets and recognized as a component of equity in earnings (loss) of joint venture (referred to as the basis adjustment in the table below).
	The summarized results of operations of the Company’s investment in the Manhattan Collection joint venture for the years ended December 31, 2014, 2013 and 2012 are presented below (in thousands):
		For the year ended December 31,
		2014			2013			2012
	Revenues	$	185,609		$	172,968		$	174,718
	Total expenses	169,683			161,145			158,394
	Net income (loss)	$	15,926		$	11,823		$	16,324
	Company’s 49% interest of net income (loss)	7,804			5,793			7,999
	Basis adjustment	(128		)	(559		)	(2,062		)
	Special loan interest income elimination	2,389			2,389			33
	Equity in earnings (loss) in joint venture	$	10,065		$	7,623		$	5,970
	The Company classifies the distributions from its joint venture in the statements of cash flows based upon an evaluation of the specific facts and circumstances of each distribution. For example, distributions from cash generated by property operations are classified as cash flows from operating activities, whereas distributions received as a result of property sales are classified as cash flows from investing activities.

Debt

Debt	12 Months Ended
	Dec. 31, 2014
Debt Disclosure [Abstract]
Debt	DEBT
	Senior Unsecured Revolving Credit Facility
	On October 16, 2014, the Company amended and restated the credit agreement that governs the Company's senior unsecured revolving credit facility and the Company's unsecured term loan facility to increase the aggregate borrowing capacity to $600.0 million. The credit agreement provides for a $300.0 million unsecured revolving credit facility and a $300.0 million unsecured term loan facility. The unsecured revolving credit facility matures in January 2019 with options to extend the maturity date to January 2020. The unsecured term loan facility matures in January 2020. The Company has the ability to increase the aggregate borrowing capacity under the credit agreement to up to $1.0 billion, subject to lender approval. Borrowings on the revolving credit facility bear interest at LIBOR plus 1.55% to 2.30%, depending on the Company’s leverage ratio. Additionally, the Company is required to pay an unused commitment fee at an annual rate of 0.20% or 0.30% of the unused portion of the revolving credit facility, depending on the amount of borrowings outstanding. The credit agreement contains certain financial covenants, including a maximum leverage ratio, a minimum fixed charge coverage ratio, and a maximum percentage of secured debt to total asset value. As of December 31, 2014 and December 31, 2013, the Company had $50.0 million and no outstanding borrowings under the revolving credit facility, respectively. As of December 31, 2014, the Company was in compliance with the credit agreement debt covenants. For the years ended December 31, 2014 , 2013 and 2012, the Company incurred unused commitment fees of $0.7 million, $0.7 million and $0.9 million, respectively.
	Unsecured Term Loan Facility
	The amended and restated credit agreement described above expanded the size of the unsecured term loan facility from $100.0 million to $300.0 million and extended the unsecured term loan facility's maturity to January 15, 2020. In connection with entering into the amended and restated credit agreement, the prior notes evidencing an existing $100.0 million term loan were canceled and a new note evidencing $100.0 million term loan under the larger facility was executed. On December 17, 2014, the Company borrowed the remaining $200.0 million available under the term loan facility (together with the $100.0 million term loan, the “Term Loan”).
	Borrowings under the unsecured term loan facility bear interest at a variable LIBOR plus 1.50% to 2.25%, depending on the Company's leverage ratio. The Company entered into interest rate swaps to effectively fix the LIBOR rate (see “Derivative and Hedging Activities” below).
	Derivative and Hedging Activities
	The Company enters into interest rate swap agreements to hedge against interest rate fluctuations. Unrealized gains and losses on the effective portion of hedging instruments are reported in other comprehensive income (loss) and are subsequently reclassified into earnings in the period that the hedged forecasted transaction affects earnings. Ineffective portions of changes in the fair value of a cash flow hedge are recognized as interest expense.
	Prior to amending and restating the credit facility agreement in October 2014, the Company had entered into interest rate swap agreements with an aggregate notional amount of $100.0 million to hedge the LIBOR on its borrowing under the term loan facility through July 13, 2017. Upon amending and restating the credit agreement and drawing down the additional $200.0 million under the term loan facility, the Company entered into additional swap agreements to hedge the full $300.0 million Term Loan through maturity on January 15, 2020. As of December 31, 2014, the Company had interest rate swaps with an aggregate notional amount of $300.0 million, and, as a result, the Term Loan had a weighted-average effective interest rate of 2.83% through July 13, 2017 and a weighted-average effective interest rate of 3.41% from July 13, 2017 through January 15, 2020, based on the Company’s leverage ratio at December 31, 2014.
	The Company records all derivative instruments at fair value in the consolidated balance sheets. Fair values of interest rate swaps are determined using the standard market methodology of netting the discounted future fixed cash receipts/payments and the discounted expected variable cash payments/receipts. Variable interest rates used in the calculation of projected receipts and payments on the swaps are based on an expectation of future interest rates derived from observable market interest rate curves (Overnight Index Swap curves) and volatilities (level 2 inputs). Derivatives expose the Company to credit risk in the event of non-performance by the counterparties under the terms of the interest rate hedge agreements. The Company believes it minimizes the credit risk by transacting with major creditworthy financial institutions.
	As of December 31, 2014, the Company's derivative instruments are in both asset and liability positions, with aggregate asset and liability fair values of $0.7 million and $1.0 million, respectively, in the accompanying consolidated balance sheets. For the year ended December 31, 2014, there was $1.4 million in unrealized loss recorded in accumulated other comprehensive income. During the years ended December 31, 2014 and 2013, the Company reclassified $0.6 million and $0.5 million, respectively, from accumulated other comprehensive income to net income (loss) and to interest expense. The Company expects approximately $3.0 million will be reclassified from accumulated other comprehensive income to net income (loss) in the next 12 months.
	Mortgage Debt
	Each of the Company’s mortgage loans is secured by a first mortgage lien or by leasehold interests under the ground lease on the underlying property. The mortgages are non-recourse to the Company except for customary carve-outs such as fraud or misapplication of funds.
	In conjunction with the acquisition of The Nines, a Luxury Collection Hotel, Portland, the Company assumed three non-recourse mortgage loans totaling $50.7 million secured by the property. The three loans are scheduled to mature on March 5, 2015, bear interest at a weighted-average rate of 7.39% and require monthly interest-only payments until maturity. As the weighted-average interest rate of the loans were above market for loans with comparable terms, the Company recorded a loan premium of $0.9 million, which is amortized as a reduction of interest expense over the remaining term.
	Debt Summary
	Debt as of December 31, 2014 and December 31, 2013 consisted of the following (dollars in thousands):
					Balance Outstanding as of
		Interest Rate		Maturity Date	December 31, 2014		December 31, 2013
	Senior unsecured revolving credit facility	Floating (1)		Jan-19	$	50,000	$	—
	Term loan	Floating (2)		Jan-20	300,000		100,000
	Mortgage loans
	The Nines, a Luxury Collection Hotel, Portland (3)	7.39%		Mar-15	50,725		—
	InterContinental Buckhead Atlanta	4.88%		Jan-16	49,320		50,192
	Skamania Lodge	5.44%		Feb-16	29,308		29,811
	DoubleTree by Hilton Bethesda-Washington DC	5.28%		Feb-16	34,575		35,102
	Embassy Suites San Diego Bay-Downtown	6.28%		Jun-16	64,462		65,725
	Hotel Modera	5.26%		Jul-16	23,225		23,597
	Monaco Washington DC	4.36%		Feb-17	43,756		44,580
	Argonaut Hotel	4.25%		Mar-17	44,006		45,138
	Sofitel Philadelphia	3.90%		Jun-17	46,968		48,218
	Hotel Palomar San Francisco	5.94%		Sep-17	26,461		26,802
	The Westin Gaslamp Quarter San Diego	3.69%		Jan-20	77,155		79,194
	Mortgage loans at stated value				489,961		448,359
	Mortgage loan premiums (4)				4,026		5,888
	Total mortgage loans				$	493,987	$	454,247
	Total debt				$	843,987	$	554,247
	________________________
	(1) Borrowings bear interest at floating rates equal to, at our option, either (i) LIBOR plus an applicable margin or (ii) an Adjusted Base Rate (as defined in the senior unsecured credit agreement) plus an applicable margin. The Company has two six-month extension options.
	(2) Borrowings under our term loan facility bear interest at floating rates equal to, at our option, either (i) LIBOR plus an applicable margin or (ii) a Base Rate plus an applicable margin. We entered into interest rate swaps to effectively fix the interest rate for the Term Loan. At December 31, 2014, the Company had interest rate swaps with an aggregate notional amount of $300.0 million, and, as a result, the Term Loan had a weighted-average effective interest rate of 2.83% through July 13, 2017 and a weighted-average effective interest rate of 3.41% from July 13, 2017 through January 15, 2020, based on the Company’s leverage ratio at December 31, 2014.
	(3) The interest rate of 7.39% represents a weighted-average interest rate of the three non-recourse mortgage loans assumed in conjunction with the acquisition of The Nines, a Luxury Collection Hotel, Portland. The Company intends to repay these mortgage loans through borrowings on its credit facilities upon maturity.
	(4) Loan premiums on assumed mortgages recorded in purchase accounting for the Hotel Palomar San Francisco, Embassy Suites San Diego Bay - Downtown, Hotel Modera and The Nines, a Luxury Collection Hotel, Portland.
	The Company estimates the fair value of its fixed rate debt by discounting the future cash flows of each instrument at estimated market rates, taking into consideration general market conditions and maturity of the debt with similar credit terms and is classified within level 2 of the fair value hierarchy. The estimated fair value of the Company’s mortgage debt as of December 31, 2014 and 2013 was $503.9 million and $460.9 million, respectively. The carrying value of the Company's variable rate debt approximates its fair value.
	The Company was in compliance with all debt covenants as of December 31, 2014.
	Future scheduled debt principal payments for the Company's mortgage debt and the Term Loan as of December 31, 2014 are as follows (in thousands):
	2015		$	60,211
	2016		203,269
	2017		155,908
	2018		2,366
	2019		2,456
	Thereafter		365,751
	Total debt principal payments		789,961
	Premium on mortgage debt		4,026
	Total debt		$	793,987

Equity

Equity	12 Months Ended
	Dec. 31, 2014
Equity [Abstract]
EQUITY	EQUITY
	Common Shares
	The Company is authorized to issue up to 500,000,000 common shares of beneficial interest, $.01 par value per share (“common shares”). Each outstanding common share entitles the holder to one vote on each matter submitted to a vote of shareholders. Holders of the Company’s common shares are entitled to receive dividends when authorized by the Company’s board of trustees.
	On March 5, 2014, the Company filed a prospectus supplement with the SEC to sell up to $175.0 million in common shares under a new "at the market" offering program (an "ATM program"). At the same time, the Company terminated its prior $170.0 million ATM program. During the year ended December 31, 2014, the Company issued 400,000 common shares at an average price of $38.09 per share under its $175.0 million ATM program and raised $15.0 million, net of commissions. As of December 31, 2014, $159.8 million in common shares remained available for issuance under the $175.0 million ATM program.
	On September 9, 2014, the Company issued 3,450,000 common shares at a price of $38.15 per share in an underwritten public offering and raised $131.6 million, net of the underwriting discount.
	On October 30, 2014, the Company issued 3,680,000 common shares at a price of $39.77 per share in an underwritten public offering and raised $146.4 million, net of the underwriting discount.
	Common Dividends
	The Company declared the following dividends on common shares/units for the year ended December 31, 2014:
	Dividend per				For the quarter	Record Date	Payable Date
	Share/Unit				ended
	$	0.23			March 31, 2014	March 31, 2014	April 15, 2014
	$	0.23			June 30, 2014	June 30, 2014	July 15, 2014
	$	0.23			September 30, 2014	September 30, 2014	October 15, 2014
	$	0.23			December 31, 2014	December 31, 2014	January 15, 2015
	Preferred Shares
	The Company is authorized to issue up to 100,000,000 preferred shares of beneficial interest, $.01 par value per share (“preferred shares”).
	On September 30, 2014, the Company issued 1,000,000 of its 6.50% Series C Cumulative Redeemable Preferred Shares ("Series C Preferred Shares") at an offering price of $25.00 per share, for a total of $24.5 million of proceeds, net of the underwriting discount.
	As of December 31, 2014, the Company had 5,600,000 of its 7.875% Series A Cumulative Redeemable Preferred Shares ("Series A Preferred Shares"), 3,400,000 of its 8.00% Series B Cumulative Redeemable Preferred Shares ("Series B Preferred Shares") and 5,000,000 of its Series C Preferred Shares outstanding. As of December 31, 2013, the Company had 5,600,000 Series A Preferred Shares, 3,400,000 Series B Preferred Shares and 4,000,000 Series C Preferred Shares outstanding.
	The Series A Preferred Shares, Series B Preferred Shares and Series C Preferred Shares (collectively, the “Preferred Shares”) rank senior to the common shares of beneficial interest and on parity with each other with respect to payment of distributions. The Preferred Shares are cumulative redeemable preferred shares, do not have any maturity date and are not subject to mandatory redemption. The Company may not redeem the Series A Preferred Shares, Series B Preferred Shares or Series C Preferred Shares prior to March 11, 2016, September 21, 2016, and March 18, 2018, respectively, except in limited circumstances relating to the Company’s continuing qualification as a REIT or as discussed below. After those dates, the Company may, at its option, redeem the applicable Preferred Shares, in whole or from time to time in part, by payment of $25.00 per share, plus any accumulated, accrued and unpaid distributions through the date of redemption. Upon the occurrence of a change of control, as defined in the Company's declaration of trust, the result of which the Company’s common shares and the common securities of the acquiring or surviving entity are not listed on the New York Stock Exchange, the NYSE MKT or NASDAQ, or any successor exchanges, the Company may, at its option, redeem the 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 distributions through the date of redemption. If the Company does not exercise its right to redeem the Preferred Shares upon a change of control, the holders of the Preferred Shares have the right to convert some or all of their shares into a number of the Company’s common shares based on a defined formula subject to a share cap. The share cap on each Series A Preferred Share is 2.3234 common shares, each Series B Preferred Share is 3.4483 common shares, and each Series C Preferred Share is 2.0325 common shares.
	Preferred Dividends
	The Company declared the following dividends on preferred shares for the year ended December 31, 2014:
	Security Type		Dividend  per			For the quarter	Record Date	Payable Date
			Share/Unit			ended
	7.875% Series A		$	0.49		March 31, 2014	March 31, 2014	15-Apr-14
	7.875% Series A		$	0.49		June 30, 2014	June 30, 2014	July 15, 2014
	7.875% Series A		$	0.49		September 30, 2014	September 30, 2014	October 15, 2014
	7.875% Series A		$	0.49		December 31, 2014	December 31, 2014	15-Jan-15
	8.00% Series B		$	0.5		March 31, 2014	March 31, 2014	15-Apr-14
	8.00% Series B		$	0.5		June 30, 2014	June 30, 2014	July 15, 2014
	8.00% Series B		$	0.5		September 30, 2014	September 30, 2014	October 15, 2014
	8.00% Series B		$	0.5		December 31, 2014	December 31, 2014	January 15, 2015
	6.50% Series C		$	0.41		March 31, 2014	March 31, 2014	April 15, 2014
	6.50% Series C		$	0.41		June 30, 2014	June 30, 2014	15-Jul-14
	6.50% Series C		$	0.41		September 30, 2014	September 30, 2014	15-Oct-14
	6.50% Series C		$	0.41		December 31, 2014	December 31, 2014	15-Jan-15
	Non-controlling Interest of Common Units in Operating Partnership
	Holders of Operating Partnership units have certain redemption rights that enable the unit holders to cause the Operating Partnership to redeem their units in exchange for, at the Company’s option, cash per unit equal to the market price of the Company’s common shares at the time of redemption or for the Company’s common shares on a one-for-one basis. The number of shares issuable upon exercise of the redemption rights will be adjusted upon the occurrence of share splits, mergers, consolidations or similar pro-rata share transactions, which otherwise would have the effect of diluting the ownership interests of the Operating Partnership's limited partners or the Company's shareholders.
	As of December 31, 2014 and 2013, the Operating Partnership had 236,351 and 607,991 long-term incentive partnership units (“LTIP units”) outstanding, respectively. Of the 236,351 LTIP units outstanding at December 31, 2014, none had vested. Only vested LTIP units may be converted to common units of the Operating Partnership, which in turn can be tendered for redemption as described above. On December 31, 2014, 258,101 LTIP units were redeemed for the same number of common shares and 113,539 LTIP units were redeemed for $5.2 million in cash.

ShareBased_Compensation_Plan

Share-Based Compensation Plan	12 Months Ended
	Dec. 31, 2014
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
SHARE-BASED COMPENSATION PLAN	SHARE-BASED COMPENSATION
	The Company maintains the 2009 Equity Incentive Plan, as amended and restated (the "Plan"), to attract and retain independent trustees, executive officers and other key employees and service providers. The Plan provides for the grant of options to purchase common shares, share awards, share appreciation rights, performance units and other equity-based awards. Share awards under the Plan vest over a period determined by the Board of Trustees, generally over three to five years, with certain awards vesting over periods of up to six years. The Company pays or accrues for dividends on share-based awards. All share awards are subject to full or partial accelerated vesting upon a change in control and upon death or disability or certain other employment termination events as set forth in the award agreements. As of December 31, 2014, there were 940,270 common shares available for issuance under the Plan.
	Service Condition Share Awards
	From time to time, the Company awards restricted shares under the Plan to members of the Board of Trustees, officers and employees. These shares generally vest over three to five years based on continued service or employment.
	The following table provides a summary of service condition restricted share activity as of December 31, 2014:
		Shares			Weighted-Average
					Grant Date
					Fair Value
	Unvested at January 1, 2012	128,664			$	21.59
	Granted	52,545			$	23.15
	Vested	(52,587	)		$	21.43
	Forfeited	—			$	—
	Unvested at December 31, 2012	128,622			$	22.19
	Granted	84,451			$	26.07
	Vested	(65,192	)		$	21.96
	Forfeited	—			$	—
	Unvested at December 31, 2013	147,881			$	24.59
	Granted	44,322			$	30.11
	Vested	(62,047	)		$	23.12
	Forfeited	(168	)		$	27.57
	Unvested at December 31, 2014	129,988			$	27.17
	The fair value of each of these service condition restricted share awards is determined based on the closing price of the Company’s common shares on the grant date and compensation expense is recognized on a straight-line basis over the vesting period. For the years ended December 31, 2014, 2013 and 2012, the Company recognized approximately $1.4 million, $1.5 million and $1.5 million, respectively, of share-based compensation expense related to these service condition restricted shares in the consolidated statements of operations. As of December 31, 2014, there was $2.1 million of total unrecognized share-based compensation expense related to unvested restricted shares. The unrecognized share-based compensation expense is expected to be recognized over the weighted-average remaining vesting period of 2.7 years.
	Performance-Based Equity Awards
	On February 8, 2012, the Board of Trustees approved a target award of 72,056 performance-based equity awards to officers and employees of the Company. These awards vest on January 1, 2015. The actual number of common shares that ultimately vest will range from 0% to 200% of the target award (except for 12,048 target awards to non-executive management employees which have no maximum) and will be determined in 2015 based on three performance criteria as defined in the agreements for the period of performance from January 1, 2012 through December 31, 2014.
	On January 30, 2013, the Board of Trustees approved a target award of 72,118 performance-based equity awards to officers and employees of the Company. These awards vest on January 1, 2016. The actual number of common shares that ultimately vest will range from 0% to 200% of the target award (except for 11,753 target awards to non-executive management employees which have no maximum) and will be determined in 2016 based on three performance criteria as defined in the agreements for the period of performance from January 1, 2013 through December 31, 2015.
	On December 13, 2013, the Board of Trustees approved a target award of 252,088 performance-based equity awards to officers and employees of the Company. The awards vest ratably on January 1, 2016, 2017, 2018, 2019 and 2020. The actual number of common shares that ultimately vest will range from 0% to 200% of the target award and will be determined on each vesting date based upon the two performance criteria as defined in the agreements for the period of performance beginning on the grant date and ending on the applicable vesting date.
	On February 4, 2014, the Board of Trustees approved a target award of 66,483 performance-based equity awards to officers and employees of the Company. These awards vest on January 1, 2017. The actual number of common shares that ultimately vest will range from 0% to 200% of the target award (except for 12,261 target awards to non-executive management employees which have no maximum) and will be determined in 2017 based on three performance criteria as defined in the agreements for the period of performance from January 1, 2014 through December 31, 2016.
	The grant date fair value of the performance awards were determined using a Monte Carlo simulation method with the following assumptions:
	Performance Award Grant Date			Percentage of Total Award		Grant Date Fair Value by Component ($ in millions)	Volatility	Interest Rate	Dividend Yield
	8-Feb-12
		Relative Total Shareholder Return(1)		30.00%		$0.70	33.00%	0.34%	2.20%
		Absolute Total Shareholder Return (1)		30.00%		$0.60	33.00%	0.34%	2.20%
		EBITDA Comparison (2)		40.00%		$0.70	33.00%	0.34%	2.20%
	30-Jan-13
		Relative Total Shareholder Return (1)		30.00%		$0.70	31.00%	0.41%	2.20%
		Absolute Total Shareholder Return (1)		30.00%		$0.50	31.00%	0.41%	2.20%
		EBITDA Comparison (2)		40.00%		$0.70	31.00%	0.41%	2.20%
	13-Dec-13
		Relative Total Shareholder Return (1)		50.00%		$4.70	29.00%	0.34% - 2.25%	2.40%
		Absolute Total Shareholder Return (1)		50.00%		$2.90	29.00%	0.34% - 2.25%	2.40%
	4-Feb-14
		Relative Total Shareholder Return (1)		30.00%		$0.70	29.00%	0.62%	2.40%
		Absolute Total Shareholder Return (1)		30.00%		$0.50	29.00%	0.62%	2.40%
		EBITDA Comparison (2)		40.00%		$0.80	29.00%	0.62%	2.40%
	(1) The Relative Total Shareholder Return and Absolute Total Shareholder Return components are market conditions as defined by ASC 718.
	(2) The EBITDA Comparison component is a performance condition as defined by ASC 718, and therefore, compensation expense related to this component will be reassessed at each reporting date to determine whether achievement of the target performance condition is probable, and the accrual of compensation expense will be adjusted as appropriate.
	Dividends on unvested performance-based equity awards accrue over the vesting period and will be paid on the actual number of shares that vest at the end of the applicable period. The Company recognizes compensation expense on a straight-line basis through the vesting date. As of December 31, 2014, there was approximately $11.8 million of unrecognized compensation expense related to these performance-based equity awards which will be recognized over the weighted-average remaining vesting period of 2.4 years. For the years ended December 31, 2014, 2013 and 2012, the Company recognized $7.7 million, $2.1 million and $1.1 million, respectively, in expense related to these awards.
	Long-Term Incentive Partnership Units
	LTIP units, which are also referred to as profits interest units, may be issued to eligible participants for the performance of services to or for the benefit of the Operating Partnership. LTIP units are a class of partnership unit in the Operating Partnership and receive, whether vested or not, the same per-unit profit distributions as the other outstanding units in the Operating Partnership, which equal per-share distributions on common shares. LTIP units are allocated their pro-rata share of the Company's net income (loss). Vested LTIP units may be converted by the holder, at any time, into an equal number of common Operating Partnership units and thereafter will possess all of the rights and interests of a common Operating Partnership unit, including the right to redeem the common Operating Partnership unit for a common share in the Company or cash, at the option of the Operating Partnership.
	As of December 31, 2014, the Operating Partnership had two classes of LTIP units, LTIP Class A and LTIP Class B units, all of which are held by officers of the Company.
	LTIP Class A units were granted to executives of the Company concurrent with completion of the Company's initial public offering in December 2009. These LTIP units vest ratably on each of the first five anniversaries of their dates of grant and were valued at $8.50 per LTIP unit at the date of grant using a Monte Carlo simulation method model.
	On December 13, 2013, the Board of Trustees approved a grant of 226,882 LTIP Class B units to executive officers of the Company. The LTIP units are subject to time-based vesting in five equal installments beginning January 1, 2016 and ending on January 1, 2020. The fair value of each award was determined based on the closing price of the Company’s common shares on the grant date of $29.19 per unit. The aggregate grant date fair value of the LTIP Class B units was $6.6 million.
	On December 31, 2014, the Company was notified that the LTIP unit holders had elected to redeem 371,640 vested LTIP units effective December 31, 2014. At the Company's election, on December 31, 2014, 258,101 vested LTIP units were redeemed for common shares and 113,539 vested LTIP units were redeemed for cash. After these redemptions, as of December 31, 2014, the Company had 236,351 LTIP units outstanding, none of which had vested. All LTIP units will vest upon a change in control.
	For the years ended December 31, 2014, 2013 and 2012, the Company recognized $2.6 million, $1.6 million and $1.6 million, respectively, in expense related to these LTIP units. As of December 31, 2014, there was $5.5 million of total unrecognized share-based compensation expense related to LTIP units. This unrecognized share-based compensation expense is expected to be recognized over the weighted-average remaining vesting period of 2.5 years. The aggregate expense related to the LTIP units is presented as non-controlling interest in the Company’s consolidated balance sheets.

Income_Taxes

Income Taxes	12 Months Ended
	Dec. 31, 2014
Income Tax Disclosure [Abstract]
INCOME TAXES	INCOME TAXES
	The Company has elected to be taxed as a REIT under Sections 856 through 860 of the Code. To qualify as a REIT, the Company must meet a number of organizational and operational requirements, including a requirement that it currently distribute at least 90% of its adjusted taxable income to its shareholders. It is the Company's current intention to adhere to these requirements and maintain the Company's qualification for taxation as a REIT. As a REIT, the Company generally is not subject to federal corporate income tax on that portion of its taxable income that is currently distributed to shareholders. However, as a REIT, the Company is still subject to certain state and local taxes on its income and property, and to federal income and excise taxes on its undistributed taxable income. In addition, taxable income from non-REIT activities managed through taxable-REIT subsidiaries is subject to federal, state and local income taxes. PHL is a TRS of the Company and as such is required to pay federal and state income taxes as a regular C Corporation.
	For federal income tax purposes, the cash distributions paid to the Company’s common shareholders and preferred shareholders may be characterized as ordinary income, return of capital (generally non-taxable) or capital gains. Tax law permits certain characterization of distributions which could result in differences between cash basis and tax basis distribution amounts.
	The following characterizes distributions paid per common share of beneficial interest and preferred share on a tax basis for the years ended December 31, 2014, 2013 and 2012:
		2014				2013					2012
		Amount		%		Amount			%		Amount		%
	Common Shares:
	Ordinary income	$	0.9108	100	%	$	0.6		100	%	$	0.4391	91.49	%
	Capital gain	0		0	%	0			0	%	0		0	%
	Return of capital	0		0	%	0			0	%	0.0409		8.51	%
	Total	$	0.9108	100	%	$	0.6		100	%	$	0.48	100	%
	Series A Preferred Shares:
	Ordinary income	$	2.3948	100	%	$	2.0349		100	%	$	1.7622	100	%
	Capital gain	0		0	%	0			0	%	0		0	%
	Return of capital	0		0	%	0			0	%	0		0	%
	Total	$	2.3948	100	%	$	2.0349		100	%	$	1.7622	100	%
	Series B Preferred Shares
	Ordinary income	$	2.4328	100	%	$	2.0672		100	%	$	1.7902	100	%
	Capital gain	0		0	%	0			0	%	0		0	%
	Return of capital	0		0	%	0			0	%	0		0	%
	Total	$	2.4328	100	%	$	2.0672		100	%	$	1.7902	100	%
	Series C Preferred Shares
	Ordinary income	$	1.9767	100	%	$	0.989		100	%	$	0	0	%
	Capital gain	0		0	%	0			0	%	0		0	%
	Return of capital	0		0	%	0			0	%	0		0	%
	Total	$	1.9767	100	%	$	0.989		100	%	$	0	0	%
	The common and preferred share distributions declared on December 15, 2012 and paid on January 15, 2013 were treated as 2013 distributions for tax purposes.
	The common distribution declared on December 13, 2013 and paid on January 15, 2014 was treated as a 2014 distribution for tax purposes. For tax purposes, $0.4261, $0.4328, and $0.3517 of the Series A, Series B, and Series C, respectively, of the preferred share distributions declared on December 13, 2013 and paid on January 15, 2014 were treated as 2014 distributions.
	Of the common distribution declared on December 15, 2014 and paid on January 15, 2015, $0.1692 was treated as a 2015 distributions for tax purposes. The preferred share distributions declared on December 15, 2014 and paid on January 15, 2015, were treated as 2014 distributions for tax purposes.
	For the years ended December 31, 2014, 2013, and 2012, the Operating Partnership income tax expense was $0.2 million, $0.2 million and $0.4 million, respectively.
	The Company's TRS, PHL, is subject to federal and state corporate income taxes at statutory tax rates. PHL has an estimated combined federal and state statutory tax rate of 37.5% for the year ended December 31, 2014.
	The Company's provision (benefit) for income taxes for PHL consists of the following (in thousands):
		For the year ended December 31,
		2014		2013			2012
	Federal
	Current	$	2,121	$	718		$	1,048
	Deferred	317		—			—
	State and local
	Current	555		313			412
	Deferred	25		—			—
	Income tax expense (benefit)	$	3,018	$	1,031		$	1,460
	A reconciliation of the statutory federal tax expense (benefit) to the Company's income tax expense (benefit) for PHL is as follows (in thousands):
		For the year ended December 31,
		2014		2013			2012
	Statutory federal tax expense (benefit)	$	2,561	$	718		$	1,048
	State income tax expense (benefit), net of federal tax (benefit) expense	457		313			412
	Income tax expense (benefit)	$	3,018	$	1,031		$	1,460
	The Company files tax returns as prescribed by the tax laws of the jurisdictions in which it operates. In the normal course of business, the Company is subject to examination by federal, state and local jurisdictions, where applicable. As of December 31, 2014 and December 31, 2013, the statute of limitations remains open for all major jurisdictions for tax years dating back to 2011 and 2010, respectively.

Earnings_per_Common_Share

Earnings per Common Share	12 Months Ended
	Dec. 31, 2014
Earnings Per Share [Abstract]
EARNINGS PER COMMON SHARE	EARNINGS PER SHARE
	The following is a reconciliation of basic and diluted earnings per common share (in thousands, except share and per-share data):
		For the year ended December 31,
		2014			2013			2012
	Numerator:
	Net income (loss) attributable to common shareholders	$	47,787		$	19,965		$	8,254
	Less: dividends paid on unvested share-based compensation	(459		)	(328		)	(310		)
	Undistributed earnings attributable to share-based compensation	—			—			—
	Net income (loss) available to common shareholders	$	47,328		$	19,637		$	7,944
	Denominator:
	Weighted-average number of common shares — basic	65,646,712			61,498,389			55,806,543
	Effect of dilutive share-based compensation	617,406			338,352			148,954
	Weighted-average number of common shares — diluted	66,264,118			61,836,741			55,955,497
	Net income (loss) per share available to common shareholders — basic	$	0.72		$	0.32		$	0.14
	Net income (loss) per share available to common shareholders — diluted	$	0.71		$	0.32		$	0.14
	The LTIP units held by the non-controlling interest holders have been excluded from the denominator of the diluted earnings per share as there would be no effect on the amounts since the limited partners' share of income (loss) would also be added or subtracted to derive net income (loss) available to common shareholders.

Commitments_and_Contingencies

Commitments and Contingencies	12 Months Ended
	Dec. 31, 2014
Commitments and Contingencies Disclosure [Abstract]
COMMITMENTS AND CONTINGENCIES	Management Agreements
	The Company’s hotel properties are operated pursuant to management agreements with various management companies. The initial terms of these management agreements range from five years to 20 years, not including renewals, and five years to 52 years, including renewals. Many of the Company’s management agreements are terminable at will by the Company upon paying a termination fee and some are terminable by the Company upon sale of the property, with, in some cases, the payment of termination fees. Most of the agreements also provide the Company the ability to terminate based on failure to achieve defined operating performance thresholds. Termination fees range from zero to up to six times the annual base management and incentive management fees, depending on the agreement and the reason for termination. Certain of the Company’s management agreements are non-terminable except upon the manager’s breach of a material representation or the manager’s failure to meet performance thresholds as defined in the management agreement.
	The management agreements require the payment of a base management fee generally between 1.5% and 4% of hotel revenues. Under certain management agreements, the management companies are also eligible to receive an incentive management fee if hotel operating income, cash flows or other performance measures, as defined in the agreements, exceed certain performance thresholds. The incentive management fee is generally calculated as a percentage of hotel operating income after the Company has received a priority return on its investment in the hotel. For the years ended December 31, 2014, 2013 and 2012, combined base and incentive management fees were $19.3 million, $15.8 million and $11.5 million, respectively. Base and incentive management fees are included in other indirect expenses in the Company's consolidated statements of operations and comprehensive income.
	Reserve Funds
	Certain of the Company’s agreements with its hotel managers, franchisors and lenders have provisions for the Company to provide funds, typically 4.0% of hotel revenues, sufficient to cover the cost of (a) certain non-routine repairs and maintenance to the hotels and (b) replacements and renewals to the hotels’ furniture, fixtures and equipment.
	Restricted Cash
	At December 31, 2014 and 2013, the Company had $16.4 million and $16.5 million, respectively, in restricted cash, which consisted of reserves for replacement of furniture and fixtures or reserves to pay for real estate taxes or property insurance under certain hotel management agreements or loan agreements. For purposes of the statement of cash flows, changes in restricted cash caused by changes in required reserves for real estate taxes or property insurance are shown as operating activities. Changes in restricted cash caused by changes in required reserves for furniture and fixtures replacement are shown as investing activities.
	Ground and Hotel Leases
	The Hotel Monaco Washington DC is subject to a long-term ground lease agreement on the land underlying the hotel. The ground lease expires in 2059. The hotel is required to pay the greater of an annual base rent of $0.2 million or a percentage of gross hotel revenues and gross food and beverage revenues in excess of certain thresholds, as defined in the agreement. The lease contains certain restrictions on modifications that can be made to the hotel structure due to its status as a national historic landmark.
	The Argonaut Hotel is subject to a long-term ground lease agreement on the land underlying the hotel. The ground lease expires in 2059. The hotel is required to pay the greater of an annual base rent of $1.3 million or a percentage of rooms revenues, food and beverage revenues and other department revenues in excess of certain thresholds, as defined in the agreement. The lease contains certain restrictions on modifications that can be made to the structure due to its status as a national historic landmark.
	The Hotel Palomar San Francisco is subject to a long-term hotel lease for the right to use the ground floor lobby area and floors five through nine of the building and underlying land. The hotel lease expires in 2097. The hotel is required to pay annual base rent and a percentage rent, which is based on gross hotel and gross food and beverage revenues in excess of certain thresholds, as defined in the lease agreement.
	The Radisson Hotel Fisherman's Wharf is subject to both a long-term primary ground lease and a secondary sublease. The primary ground lease requires the hotel to make annual base rental payments of $0.1 million and percentage rental payments based on 5% of hotel revenues and 7.5% of retail revenues attributed to guest rooms and retail space added to the hotel property in 1998. Beginning in 2017, the primary ground lease requires the hotel to pay percentage rent based on 6% of total hotel revenues and 7.5% of total retail and parking revenues. The primary ground lease expires in 2062. The secondary sublease requires the hotel to make rental payments based on hotel net income, as defined in the agreement, related to the rooms and retail space in existence prior to the 1998 renovation. The secondary sublease expires in April 2016 at which time the hotel will only be subject to the primary ground lease through its maturity in 2062.
	The Prescott Hotel is subject to a long-term hotel lease for the right to use floors three through seven, the basement and the roof of an adjacent, attached building containing 64 of the 160 guest rooms at the property. The hotel lease expires in 2059, with a one time extension option of 30 years. The Company is required to pay annual base rent of approximately $0.5 million, beginning in October 2017. The annual base rent is subject to a fixed increase every year during the remaining lease term. The building portion of the long-term hotel lease assumed was determined to be a capital lease.
	The Palomar Los Angeles - Westwood is subject to a long-term ground lease agreement on the land underlying the hotel. The ground lease expires in 2107, including nineteen five-year extension options. The hotel is required to pay annual base rent of approximately $3.5 million through January 2017 and the base rent will be adjusted for consumer price index ("CPI") increases at each five-year extension.
	The Union Station Hotel, Autograph Collection is subject to a long-term ground lease agreement on the land underlying the hotel. The ground lease expires in 2105. The hotel is required to pay the greater of annual base rent of $0.1 million or annual real property taxes.
	The ground leases and Hotel Palomar hotel lease are considered operating leases. The Company records expense on a straight-line basis for leases that provide for minimum rental payments that increase in pre-established amounts over the remaining terms of the leases. Ground rent expense was $8.9 million, $7.6 million and $2.6 million for the years ended December 31, 2014, 2013 and 2012, respectively. Ground rent expense is included in real estate taxes, personal property taxes, property insurance and ground rent in the Company's consolidated statements of operations and comprehensive income.
	Future minimum annual rental payments, including capital lease payments, assuming fixed rent for all periods and excludes percentage rent and CPI adjustments, is as follows as of December 31, 2014 (in thousands):
	2015	$	7,019
	2016	7,240
	2017	7,326
	2018	7,744
	2019	7,807
	Thereafter	751,572
	Total	$	788,708
	Litigation
	The nature of the operations of hotels exposes the Company's hotels, the Company and the Operating Partnership to the risk of claims and litigation in the normal course of their business. The Company has insurance to cover certain potential material losses. The Company is not presently subject to any material litigation nor, to the Company’s knowledge, is any material litigation threatened against the Company.

Supplemental_Information_to_St

Supplemental Information to Statements of Cash Flows	12 Months Ended
	Dec. 31, 2014
Supplemental Cash Flow Elements [Abstract]
SUPPLEMENTAL INFORMATION TO STATEMENTS OF CASH FLOWS	SUPPLEMENTAL INFORMATION TO STATEMENTS OF CASH FLOWS
		For the year ended December 31,
		2014		2013		2012
		(in thousands)
	Interest paid, net of capitalized interest	$	26,945	$	23,528	$	13,440
	Interest capitalized	$	—	$	206	$	236
	Income taxes paid	$	3,049	$	1,572	$	1,877
	Non-Cash Investing and Financing Activities:
	Distributions payable on common shares/units	$	17,743	$	10,592	$	7,461
	Distributions payable on preferred shares	$	5,550	$	5,203	$	3,813
	Issuance of common shares for Board of Trustees compensation	$	421	$	207	$	199
	Mortgage loans assumed in connection with acquisition	$	50,725	$	90,448	$	27,175
	Below (above) market rate contracts assumed in connection with acquisition	$	15,375	$	2,826	$	(9,170	)
	Capital lease obligation assumed in connection with acquisition	$	10,758	$	—	$	—
	Deposit applied to purchase price of acquisition	$	—	$	4,000	$	—
	Accrued additions and improvements to hotel properties	$	6,537	$	603	$	1,203
	Write off of fully depreciated furniture, fixtures and equipment	$	4,446	$	—	$	—
	Write off of deferred financing costs	$	2,258	$	—	$	—
	For the years ended December 31, 2014, 2013 and 2012, the Company redeemed 258,101, 0 and 444,535 LTIP units for the same number of common shares, respectively.

Subsequent_Events

Subsequent Events	12 Months Ended
	Dec. 31, 2014
Subsequent Events [Abstract]
Subsequent Events	SUBSEQUENT EVENTS
	On February 11, 2015, the Board of Trustees granted awards of an aggregate of 40,507 service condition restricted common shares and 44,962 target performance-based equity to executive officers and employees of the Company. These awards will vest over three to five years. The actual number of common shares to be issued under the performance-based equity awards will be determined in early 2018 and will be based on certain performance criteria stipulated in the agreements for the period January 1, 2015 through December 31, 2017.

Quarterly_Operating_Results

Quarterly Operating Results	12 Months Ended
	Dec. 31, 2014
Quarterly Financial Information Disclosure [Abstract]
Quarterly Operating Results	NOTE 14. QUARTERLY OPERATING RESULTS (UNAUDITED)
	The Company's unaudited consolidated quarterly operating data for the years ended December 31, 2014 and 2013 (in thousands, except per-share data) is below. In the opinion of management, all adjustments (consisting of normal recurring accruals) necessary for a fair presentation of quarterly results have been reflected in the data. It is also management's opinion, however, that quarterly operating data for hotel properties are not indicative of results to be achieved in succeeding quarters or years.
		Year Ended December 31, 2014
		First Quarter			Second Quarter		Third Quarter		Fourth Quarter
	Total revenues	$	125,712		$	147,454	$	169,676	$	155,934
	Net income (loss)	4,121			22,893		30,439		16,090
	Net income (loss) attributable to the Company	4,078			22,673		30,165		15,950
	Net income (loss) attributable to common shareholders	(2,003		)	16,591		23,737		9,462
	Net income (loss) per share available to common shareholders, basic and diluted	$	(0.03	)	$	0.26	$	0.36	$	0.13
		Year Ended December 31, 2013
		First Quarter			Second Quarter		Third Quarter		Fourth Quarter
	Total revenues	$	104,914		$	126,301	$	131,234	$	126,768
	Net income (loss)	(246		)	14,931		17,527		10,980
	Net income (loss) attributable to the Company	(248		)	14,834		17,415		10,917
	Net income (loss) attributable to common shareholders	(4,916		)	8,730		11,315		4,836
	Net income (loss) per share available to common shareholders, basic and diluted	$	(0.08	)	$	0.14	$	0.18	$	0.08

Schedule_III_Real_Estate_and_A

Schedule III Real Estate and Accumulated Depreciation Schedule III Real Estate and Accumulated Depreciation	12 Months Ended
	Dec. 31, 2014
Schedule III Real Estate and Accumulated Depreciation [Abstract]
SEC Schedule III, Real Estate and Accumulated Depreciation Disclosure [Text Block]	Pebblebrook Hotel Trust
	Schedule III--Real Estate and Accumulated Depreciation
	As of December 31, 2014
	(In thousands)
					Initial Costs								Gross Amount at End of Year
	Description		Encumb-rances		Land		Building and Improvements		Furniture, Fixtures and Equipment		Costs Capitalized Subsequent to Acquisition (1)		Land		Building and Improvements		Furniture, Fixtures and Equipment		Total		Accumulated Depreciation		Net Book Value		Year of Original Construction	Date of Acquisition	Depreciation Life
	DoubleTree by Hilton Hotel Bethesda-Washington DC		$	34,575	$	10,065	$	53,000	$	4,035	$	7,579	$	10,065	$	57,466	$	7,148	$	74,679	$	10,943	$	63,736	1971	6/4/10	3-40 years
	Sir Francis Drake Hotel		—		22,500		60,547		6,953		17,223		22,500		70,974		13,749		$	107,223	16,124		$	91,099	1928	6/22/10	1-40 years
	InterContinental Buckhead Hotel		49,320		25,000		68,844		11,000		9,739		25,000		72,826		16,757		$	114,583	17,947		$	96,636	2004	7/1/10	3-40 years
	Monaco Washington DC		43,756		—		60,630		2,441		5,690		—		64,545		4,216		$	68,761	9,089		$	59,672	1839	9/9/10	3-40 years
	The Grand Hotel Minneapolis		—		4,950		26,616		300		9,353		4,950		32,718		3,551		$	41,219	5,669		$	35,550	1912	9/29/10	1-40 years
	Skamania Lodge		29,308		7,129		44,987		3,523		5,190		7,130		47,793		5,906		$	60,829	8,074		$	52,755	1993	11/3/10	3-40 years
	Le Meridien Delfina Santa Monica Hotel		—		18,784		81,580		2,295		11,352		18,784		87,320		7,907		$	114,011	12,777		$	101,234	1972	11/19/10	1-40 years
	Sofitel Philadelphia Hotel		46,968		18,000		64,256		4,639		6,984		18,000		68,107		7,772		$	93,879	10,743		$	83,136	2000	12/3/10	3-40 years
	Argonaut Hotel		44,006		—		79,492		4,247		5,125		—		82,023		6,841		$	88,864	11,490		$	77,374	1907	2/16/11	3-40 years
	The Westin Gaslamp Quarter San Diego		77,155		25,537		86,089		6,850		17,185		25,537		101,698		8,426		$	135,661	14,110		$	121,551	1987	4/6/11	1-40 years
	Monaco Seattle		—		10,105		38,888		2,073		6,766		10,105		41,931		5,796		$	57,832	6,725		$	51,107	1969	4/7/11	3-40 years
	Mondrian Los Angeles		—		20,306		110,283		6,091		8,361		20,306		114,731		10,004		$	145,041	14,911		$	130,130	1959	5/3/11	3-40 years
	Viceroy Miami		—		8,368		24,246		3,723		2,780		8,368		25,153		5,596		$	39,117	5,610		$	33,507	2009	5/26/11	1-40 years
	W Boston		—		19,453		63,893		5,887		3,497		19,453		65,765		7,512		$	92,730	10,536		$	82,194	2009	6/8/11	2-40 years
	Hotel Zetta		—		7,294		22,166		290		14,805		7,294		33,454		3,807		$	44,555	3,462		$	41,093	1913	4/4/12	1-40 years
	Hotel Vintage Seattle		—		8,170		23,557		706		6,584		8,170		28,001		2,846		$	39,017	2,174		$	36,843	1922	7/9/12	1-40 years
	Hotel Vintage Plaza Portland		—		6,222		23,012		1,093		8,310		6,222		27,896		4,519		$	38,637	2,600		$	36,037	1894	7/9/12	1-40 years
	W Los Angeles - Westwood		—		24,403		93,203		3,600		14,955		24,403		102,038		9,720		$	136,161	7,807		$	128,354	1969	8/23/12	1-40 years
	Hotel Palomar San Francisco (2)		26,461		—		63,430		3,780		6,920		—		67,996		6,134		$	74,130	6,087		$	68,043	1907	10/25/12	1-40 years
	Embassy Suites San Diego Bay- Downtown (3)		64,462		20,103		90,162		6,881		8,471		20,103		97,344		8,170		$	125,617	6,882		$	118,735	1988	1/29/13	1-40 years
	The Redbury Hollywood		—		8,057		24,833		1,000		949		8,057		25,513		1,269		$	34,839	1,112		$	33,727	2008	8/8/13	3-40 years
	Hotel Modera (4)		23,225		8,215		37,874		1,500		1,086		8,214		38,445		2,016		$	48,675	2,051		$	46,624	1962	8/28/13	1-40 years
	Radisson Hotel Fisherman's Wharf		—		—		116,445		3,550		8,182		—		119,575		8,602		$	128,177	4,449		$	123,728	1964	12/9/13	1-40 years
	Prescott Hotel		—		12,561		43,665		1,094		193		12,561		43,768		1,184		$	57,513	743		$	56,770	1913	5/22/14	3-40 years
	The Nines, a Luxury Collection Hotel, Portland (5)		50,725		18,493		92,339		8,757		132		18,493		92,415		8,813		$	119,721	1,631		$	118,090	1909	7/17/14	3-40 years
	Pebblebrook Hotel Trust
	Schedule III--Real Estate and Accumulated Depreciation
	As of December 31, 2014
	(In thousands)
					Initial Costs								Gross Amount at End of Year
	Description		Encumb-rances		Land		Building and Improvements		Furniture, Fixtures and Equipment		Costs Capitalized Subsequent to Acquisition (1)		Land		Building and Improvements		Furniture, Fixtures and Equipment		Total		Accumulated Depreciation		Net Book Value		Year of Original Construction	Date of Acquisition	Depreciation Life
	The Westin Colonnade Coral Gables		—		12,108		46,317		1,271		20		12,108		46,317		1,291		$	59,716	184		$	59,532	1989	11/12/14	7-40 years
	Hotel Palomar Los Angeles - Westwood		—		—		90,675		1,500		—		—		90,675		1,500		$	92,175	283		$	91,892	1972	11/20/14	7-40 years
	Union Station Hotel, Autograph Collection		—		—		37,803		6,833		—		—		37,803		6,833		$	44,636	114		$	44,522	1900	12/10/14	7-40 years
	Revere Hotel Boston Common		—		41,857		207,817		10,596		2		41,857		207,817		10,598		$	260,272	253		$	260,019	1972	12/18/14	7-40 years
			$	489,961	$	357,680	$	1,876,649	$	116,508	$	187,433	$	357,680	$	1,992,107	$	188,483	$	2,538,270	$	194,580	$	2,343,690
	(1) Disposals are reflected as reductions to cost capitalized subsequent to acquisition.
	(2) Encumbrance on the Hotel Palomar San Francisco is presented at face value, which excludes loan premium of $1.4 million at December 31, 2014.
	(3) Encumbrance on the Embassy Suites San Diego Bay-Downtown is presented at face value, which excludes loan premium of $2.0 million at December 31, 2014.
	(4) Encumbrance on the Hotel Modera is presented at face value, which excludes loan premium of $0.3 million at December 31, 2014.
	(5) Encumbrance on the The Nines, a Luxury Collection Hotel, Portland is presented at face value, which excludes loan premium of $0.3 million at December 31, 2014.
	Pebblebrook Hotel Trust
	Schedule III--Real Estate and Accumulated Depreciation-Continued
	As of December 31, 2014
	(In thousands)
	Reconciliation of Real Estate and Accumulated Depreciation:
	Reconciliation of Real Estate:
	Balance at December 31, 2011	$	1,163,552
	Acquisitions	280,927
	Capital Expenditures	50,688
	Balance at December 31, 2012	$	1,495,167
	Acquisitions	318,619
	Capital Expenditures	38,153
	Disposal of Assets	(2,000		)
	Balance at December 31, 2013	$	1,849,939
	Acquisitions	633,687
	Capital Expenditures	59,090
	Disposal of Assets	(4,446		)
Balance at December 31, 2014	$	2,538,270
Reconciliation of Accumulated Depreciation:
Balance at December 31, 2011	$	36,068
Depreciation	41,870
Balance at December 31, 2012	$	77,938
Depreciation	54,511
Disposal of Assets	(121		)
Balance at December 31, 2013	$	132,328
Depreciation	66,698
Disposal of Assets	(4,446		)
Balance at December 31, 2014	$	194,580

Summary_of_Significant_Account1

Summary of Significant Accounting Policies (Policies)	12 Months Ended
	Dec. 31, 2014
Accounting Policies [Abstract]
Basis of Presentation	Basis of Presentation
	The Company and its subsidiaries are separate legal entities and maintain records and books of account separate and apart from each other. The consolidated financial statements include all of the accounts of the Company and its subsidiaries and are presented in accordance with U.S. GAAP. All significant intercompany balances and transactions have been eliminated in consolidation. Investments in entities in which the Company does not control, but has the ability to exercise significant influence over operating and financial policies, are accounted for under the equity method.
Use of Estimates	Use of Estimates
	The preparation of the financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, disclosure of contingent assets and liabilities, and revenues and expenses. These estimates are prepared using management’s best judgment, after considering past, current and expected events and economic conditions. Actual results could differ from these estimates.
Risks and Uncertainties	Risks and Uncertainties
	The state of the overall economy can significantly impact hotel operational performance and thus, impact the Company's financial position. Should any of the hotels experience a significant decline in operational performance, it may affect the Company's ability to make distributions to our shareholders and service debt or meet other financial obligations.
Fair Value Measurements	Fair Value Measurements
	A fair value measurement is based on the assumptions that market participants would use in pricing an asset or liability in an orderly transaction. The hierarchy for inputs used in measuring fair value are as follows:
	1	Level 1 – Inputs are quoted prices (unadjusted) in active markets for identical assets or liabilities.
	2	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, and model-derived valuations whose inputs are observable.
	3	Level 3 – Model-derived valuations with unobservable inputs.
	In certain cases, the inputs used to measure fair value may fall into different levels of the fair value hierarchy. In such cases, for disclosure purposes, the level within which the fair value measurement is categorized is based on the lowest level input that is significant to the fair value measurement.
	The Company's financial instruments include cash and cash equivalents, restricted cash, accounts payable and accrued expenses. Due to their short maturities, the carrying amounts of these assets and liabilities approximate fair value. See Note 6 for disclosures on the fair value of debt and derivative instruments.
Investment in Hotel Properties	Investment in Hotel Properties
	Upon acquisition of hotel properties, the Company allocates the purchase price based on the fair value of the acquired land, land improvements, building, furniture, fixtures and equipment, identifiable intangible assets or liabilities, other assets and assumed liabilities. Identifiable intangible assets or liabilities typically arise from contractual arrangements in connection with the transaction, including terms that are above or below market compared to an estimated market agreement at the acquisition date. Acquisition-date fair values of assets and assumed liabilities are determined based on replacement costs, appraised values, and estimated fair values using methods similar to those used by independent appraisers and that use appropriate discount and/or capitalization rates and available market information.
	Acquisition costs are expensed as incurred.
	Hotel renovations and replacements of assets that improve or extend the life of the asset are recorded at cost and depreciated over their estimated useful lives. Furniture, fixtures and equipment under capital leases are recorded at the present value of the minimum lease payments. Repair and maintenance costs are expensed as incurred.
	Hotel properties are recorded at cost and depreciated using the straight-line method over an estimated useful life of 10 to 40 years for buildings, land improvements, and building improvements and 1 to 10 years for furniture, fixtures and equipment. Leasehold improvements are amortized over the shorter of the lease term or the useful lives of the related assets. Intangible assets arising from contractual arrangements are typically amortized over the life of the contract. The Company is required to make subjective assessments as to the useful lives and classification of properties for purposes of determining the amount of depreciation expense to reflect each year with respect to the assets. These assessments may impact the Company’s results of operations.
	The Company reviews its investments in hotel properties for impairment whenever events or changes in circumstances indicate that the carrying value of the hotel properties may not be recoverable. Events or circumstances that may cause a review include, but are not limited to, when a hotel property experiences a current or projected loss from operations, when it becomes more likely than not that a hotel property will be sold before the end of its useful life, adverse changes in the demand for lodging at the properties due to declining national or local economic conditions and/or new hotel construction in markets where the hotels are located. When such conditions exist, the Company 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 value of the asset, an adjustment to reduce the carrying value to the related hotel’s estimated fair market value is recorded and an impairment loss recognized. In the evaluation of impairment of its hotel properties, the Company makes many assumptions and estimates including projected cash flows both from operations and eventual disposition, expected useful life and holding period, future required capital expenditures, and fair values, including consideration of capitalization rates, discount rates, and comparable selling prices. The Company will adjust its assumptions with respect to the remaining useful life of the hotel property when circumstances change or it is more likely than not that the hotel property will be sold prior to its previously expected useful life.
	The Company will classify a hotel as held for sale when a binding agreement to sell the property has been signed under which the buyer has committed a significant amount of nonrefundable cash, no significant financing contingencies exist, and the sale is expected to close within one year. If these criteria are met and if the fair value less costs to sell is lower than the carrying value of the hotel, the Company will record an impairment loss and will cease recording depreciation expense. The Company will generally classify the loss, together with the related operating results, as continuing operations on the statements of operations and classify the assets and related liabilities as held for sale on the balance sheet. See "Recent Accounting Standards" below.
Investment in Joint Venture	Investment in Joint Venture
	The Company reviews its investment in joint venture for impairment annually or at interim periods if events or circumstances indicate that the investment may be impaired. The investment is impaired when its estimated fair value is less than the carrying amount of the investment and that impairment is other than temporary.
Intangible Assets and Liabilities	Intangible Assets and Liabilities
	Intangible assets or liabilities are recorded on non-market contracts assumed as part of the acquisition of certain hotels. The Company reviews the terms of agreements assumed in conjunction with the purchase of a hotel to determine if the terms are over or under market compared to an estimated market agreement at the acquisition date. Under market lease assets or over market contract liabilities are recorded at the acquisition date and amortized using the straight-line method over the term of the agreement. The Company does not amortize intangible assets with indefinite useful lives, but review these assets for impairment annually or at interim periods if events or circumstances indicate that the asset may be impaired.
Cash and Cash Equivalents	Cash and Cash Equivalents
	Cash and cash equivalents consist of cash on hand, demand deposits with financial institutions and short-term liquid investments with an original maturity of three months or less. The Company maintains cash and cash equivalents balances in excess of insured limits with various financial institutions. This may subject the Company to significant concentrations of credit risk. The Company performs periodic evaluations of the credit quality of these financial institutions.
Restricted Cash	Restricted Cash
	Restricted cash primarily consists of reserves for replacement of furniture and fixtures and cash held in escrow pursuant to lender requirements to pay for real estate taxes or property insurance.
Prepaid Expenses and Other Assets	Prepaid Expenses and Other Assets
	The Company's prepaid expenses and other assets consist of prepaid real estate taxes, prepaid insurance, deposits on hotel acquisitions, inventories, over or under market leases, and corporate office equipment and furniture.
Deferred Financing Costs	Deferred Financing Costs
	Financing costs are recorded at cost and consist of loan fees and other costs incurred in connection with obtaining debt. Amortization of deferred financing costs is computed using a method, which approximates the effective interest method over the remaining life of the debt, and is included in interest expense in the accompanying consolidated statements of operations.
Derivative Instruments	Derivative Instruments
	In the normal course of business, the Company is exposed to the effects of interest rate changes. The Company may enter into derivative instruments including interest rate swaps, caps and collars to manage or hedge interest rate risk. Derivative instruments are recorded at fair value on the balance sheet date. Unrealized gains and losses on the effective portion of hedging instruments are reported in other comprehensive income (loss) and are subsequently reclassified into earnings in the period that the hedged forecasted transaction affects earnings. Ineffective portions of changes in the fair value of a cash flow hedge are recognized as increases or decreases to interest expense.
Revenue Recognition	Revenue Recognition
	Revenue consists of amounts derived from hotel operations, including the sales of rooms, food and beverage, and other ancillary amenities. Revenue is recognized when rooms are occupied and services have been rendered. For retail operations, revenue is recognized on a straight-line basis over the lives of the retail leases. The Company collects sales, use, occupancy and similar taxes at its hotels which are presented on a net basis on the statement of operations. Accounts receivable primarily represents receivables from hotel guests who occupy hotel rooms and utilize hotel services. The Company maintains an allowance for doubtful accounts sufficient to cover potential credit losses.
Income Taxes	Income Taxes
	To qualify as a REIT for federal income tax purposes, the Company must meet a number of organizational and operational requirements, including a requirement that it currently distribute at least 90 percent of its adjusted taxable income to its shareholders. As a REIT, the Company generally is not subject to federal corporate income tax on that portion of its taxable income that is currently distributed to shareholders. The Company is subject to certain state and local taxes on its income and property, and to federal income and excise taxes on its undistributed taxable income. In addition, PHL, which leases the Company’s hotels from the Operating Partnership, is subject to federal and state income taxes. The Company 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
	The Company has adopted an equity incentive plan that provides for the grant of common share options, share awards, share appreciation rights, performance units and other equity-based awards. Equity-based compensation is measured at the fair value of the award on the date of grant and recognized as an expense on a straight-line basis over the vesting period. Share-based compensation awards that contain a performance condition are reviewed at least quarterly to assess the achievement of the performance condition. Compensation expense will be adjusted when a change in the assessment of achievement of the specific performance condition level is determined to be probable. The determination of fair value of these awards is subjective and involves significant estimates and assumptions including expected volatility of the Company's shares, expected dividend yield, expected term and assumptions of whether these awards will achieve parity with other operating partnership units or achieve performance thresholds.
Earnings Per Share	Earnings Per Share
	Basic earnings per share (“EPS”) is computed by dividing the net income (loss) attributable to common shareholders by the weighted-average number of common shares outstanding for the period. Diluted EPS is computed by dividing net income (loss) attributable to common shareholders as adjusted for dilutive securities, by the weighted-average number of common shares outstanding plus dilutive securities. Any anti-dilutive securities are excluded from the diluted per-share calculation.
Comprehensive Income	Comprehensive Income
	The purpose of reporting comprehensive income is to report a measure of all changes in equity of an entity that result from recognized transactions and other economic events of the period other than transactions with owners in their capacity as owners.  Comprehensive income consists of all components of income, including other comprehensive income, which is excluded from net income.  For the years ended December 31, 2014, 2013 and 2012, comprehensive income (loss) was $72.1 million, $44.6 million and $26.2 million, respectively. As of December 31, 2014 and 2013, the Company's accumulated other comprehensive income (loss) was $(0.3) million and $1.1 million, respectively.
Recent Accounting Standards	Recent Accounting Standards
	On April 10, 2014, the FASB issued ASU 2014-08 Reporting Discontinued Operations and Disclosures of Disposals of Components of an Entity, which changes the criteria for determining which disposals are presented as discontinued operations and modifies related disclosure requirements. This standard is effective for fiscal years beginning after December 15, 2014 and for interim periods within those fiscal years with early adoption permitted. The Company has early adopted this standard effective January 1, 2014. Under this ASU, the Company anticipates that the majority of property sales will not be classified as discontinued operations.
	On May 28, 2014, the FASB issued ASU No. 2014-09, Revenue from Contracts with Customers, which requires an entity to recognize the amount of revenue to which it expects to be entitled for the transfer of promised goods or services to customers. The ASU will replace most existing revenue recognition guidance in U.S. GAAP when it becomes effective. The new standard will be effective for the Company on January 1, 2017. Early adoption is not permitted. The standard permits the use of either the retrospective or cumulative effect transition method. The Company is evaluating the effect that ASU 2014-09 will have on its consolidated financial statements and related disclosures. The Company has not yet selected a transition method nor has it determined the effect of the standard on its financial statements.
	In August 2014, the FASB issued ASU No. 2014-15, Disclosure of Uncertainties about an Entity’s Ability to Continue as a Going Concern, which requires management to perform interim and annual assessments of an entity’s ability to continue as a going concern within one year of the date the financial statements are issued and provides guidance on determining when and how to disclose going concern uncertainties in the financial statements. Certain disclosures will be required if conditions give rise to substantial doubt about an entity’s ability to continue as a going concern. This guidance will be effective for the Company on January 1, 2017 and will not have an impact on the Company’s financial position, results of operations or cash flows.

Acquisition_of_Hotel_Propertie1

Acquisition of Hotel Properties (Tables)	12 Months Ended
	Dec. 31, 2014
Business Combinations [Abstract]
Business acquisition, unaudited proforma information	The following unaudited pro forma financial information presents the results of operations of the Company for the years ended December 31, 2014 and 2013 as if the hotels acquired in 2014 and 2013 were acquired on January 1, 2013 and 2012, respectively. The following hotels' pro forma results are included in the pro forma table below: Embassy Suites San Diego Bay-Downtown; Redbury Hotel; Hotel Modera; Radisson Hotel Fisherman's Wharf; Prescott Hotel; The Nines, a Luxury Collection Hotel, Portland; The Westin Colonnade Coral Gables; Hotel Palomar Los Angeles - Westwood; Union Station Hotel, Autograph Collection; and Revere Hotel Boston Common. The pro forma results below exclude acquisition costs of $2.0 million and $3.4 million for the years ended December 31, 2014 and 2013, respectively. The unaudited pro forma results have been prepared for comparative purposes only and do not purport to be indicative of either the results of operations that would have actually occurred had these transactions occurred or the future results of operations (in thousands, except per-share data).
		For the year ended December 31,
		2014		2013
		(Unaudited)
	Total revenues	$	708,928	$	663,000
	Operating income (loss)	111,725		92,092
	Net income (loss) attributable to common shareholders	64,095		49,244
	Net income (loss) per share available to common shareholders — basic	$	0.97	$	0.75
	Net income (loss) per share available to common shareholders — diluted	$	0.96	$	0.74

Investment_in_Hotel_Properties1

Investment in Hotel Properties (Tables)	12 Months Ended
	Dec. 31, 2014
Real Estate [Abstract]
Schedule of Investment in hotel properties	Investment in hotel properties as of December 31, 2014 and December 31, 2013 consisted of the following (in thousands):
		December 31,			December 31, 2013
		2014
	Land	$	357,680		$	272,661
	Buildings and improvements	1,987,050			1,437,593
	Furniture, fixtures and equipment	183,016			135,547
	Construction in progress	10,524			4,138
	Investment in hotel properties	$	2,538,270		$	1,849,939
	Less: Accumulated depreciation	(194,580		)	(132,328		)
	Investment in hotel properties, net	$	2,343,690		$	1,717,611

Investment_in_Joint_Venture_Ta

Investment in Joint Venture (Tables)	12 Months Ended
	Dec. 31, 2014
Equity Method Investments and Joint Ventures [Abstract]
Summarized results of operations of investment in the Manhattan Collection joint venture	The summarized results of operations of the Company’s investment in the Manhattan Collection joint venture for the years ended December 31, 2014, 2013 and 2012 are presented below (in thousands):
		For the year ended December 31,
		2014			2013			2012
	Revenues	$	185,609		$	172,968		$	174,718
	Total expenses	169,683			161,145			158,394
	Net income (loss)	$	15,926		$	11,823		$	16,324
	Company’s 49% interest of net income (loss)	7,804			5,793			7,999
	Basis adjustment	(128		)	(559		)	(2,062		)
	Special loan interest income elimination	2,389			2,389			33
	Equity in earnings (loss) in joint venture	$	10,065		$	7,623		$	5,970

Debt_Tables

Debt (Tables)	12 Months Ended
	Dec. 31, 2014
Debt Disclosure [Abstract]
Summary of Debt	Debt as of December 31, 2014 and December 31, 2013 consisted of the following (dollars in thousands):
					Balance Outstanding as of
		Interest Rate		Maturity Date	December 31, 2014		December 31, 2013
	Senior unsecured revolving credit facility	Floating (1)		Jan-19	$	50,000	$	—
	Term loan	Floating (2)		Jan-20	300,000		100,000
	Mortgage loans
	The Nines, a Luxury Collection Hotel, Portland (3)	7.39%		Mar-15	50,725		—
	InterContinental Buckhead Atlanta	4.88%		Jan-16	49,320		50,192
	Skamania Lodge	5.44%		Feb-16	29,308		29,811
	DoubleTree by Hilton Bethesda-Washington DC	5.28%		Feb-16	34,575		35,102
	Embassy Suites San Diego Bay-Downtown	6.28%		Jun-16	64,462		65,725
	Hotel Modera	5.26%		Jul-16	23,225		23,597
	Monaco Washington DC	4.36%		Feb-17	43,756		44,580
	Argonaut Hotel	4.25%		Mar-17	44,006		45,138
	Sofitel Philadelphia	3.90%		Jun-17	46,968		48,218
	Hotel Palomar San Francisco	5.94%		Sep-17	26,461		26,802
	The Westin Gaslamp Quarter San Diego	3.69%		Jan-20	77,155		79,194
	Mortgage loans at stated value				489,961		448,359
	Mortgage loan premiums (4)				4,026		5,888
	Total mortgage loans				$	493,987	$	454,247
	Total debt				$	843,987	$	554,247
	________________________
	(1) Borrowings bear interest at floating rates equal to, at our option, either (i) LIBOR plus an applicable margin or (ii) an Adjusted Base Rate (as defined in the senior unsecured credit agreement) plus an applicable margin. The Company has two six-month extension options.
	(2) Borrowings under our term loan facility bear interest at floating rates equal to, at our option, either (i) LIBOR plus an applicable margin or (ii) a Base Rate plus an applicable margin. We entered into interest rate swaps to effectively fix the interest rate for the Term Loan. At December 31, 2014, the Company had interest rate swaps with an aggregate notional amount of $300.0 million, and, as a result, the Term Loan had a weighted-average effective interest rate of 2.83% through July 13, 2017 and a weighted-average effective interest rate of 3.41% from July 13, 2017 through January 15, 2020, based on the Company’s leverage ratio at December 31, 2014.
	(3) The interest rate of 7.39% represents a weighted-average interest rate of the three non-recourse mortgage loans assumed in conjunction with the acquisition of The Nines, a Luxury Collection Hotel, Portland. The Company intends to repay these mortgage loans through borrowings on its credit facilities upon maturity.
	(4) Loan premiums on assumed mortgages recorded in purchase accounting for the Hotel Palomar San Francisco, Embassy Suites San Diego Bay - Downtown, Hotel Modera and The Nines, a Luxury Collection Hotel, Portland.
Future Scheduled Debt Payments	Future scheduled debt principal payments for the Company's mortgage debt and the Term Loan as of December 31, 2014 are as follows (in thousands):
	2015		$	60,211
	2016		203,269
	2017		155,908
	2018		2,366
	2019		2,456
	Thereafter		365,751
	Total debt principal payments		789,961
	Premium on mortgage debt		4,026
	Total debt		$	793,987

Equity_Tables

Equity (Tables)	12 Months Ended
	Dec. 31, 2014
Equity [Abstract]
Dividends on common shares/units	The Company declared the following dividends on common shares/units for the year ended December 31, 2014:
	Dividend per				For the quarter	Record Date	Payable Date
	Share/Unit				ended
	$	0.23			March 31, 2014	March 31, 2014	April 15, 2014
	$	0.23			June 30, 2014	June 30, 2014	July 15, 2014
	$	0.23			September 30, 2014	September 30, 2014	October 15, 2014
	$	0.23			December 31, 2014	December 31, 2014	January 15, 2015
Dividends on preferred shares/units	The Company declared the following dividends on preferred shares for the year ended December 31, 2014:
	Security Type		Dividend  per			For the quarter	Record Date	Payable Date
			Share/Unit			ended
	7.875% Series A		$	0.49		March 31, 2014	March 31, 2014	15-Apr-14
	7.875% Series A		$	0.49		June 30, 2014	June 30, 2014	July 15, 2014
	7.875% Series A		$	0.49		September 30, 2014	September 30, 2014	October 15, 2014
	7.875% Series A		$	0.49		December 31, 2014	December 31, 2014	15-Jan-15
	8.00% Series B		$	0.5		March 31, 2014	March 31, 2014	15-Apr-14
	8.00% Series B		$	0.5		June 30, 2014	June 30, 2014	July 15, 2014
	8.00% Series B		$	0.5		September 30, 2014	September 30, 2014	October 15, 2014
	8.00% Series B		$	0.5		December 31, 2014	December 31, 2014	January 15, 2015
	6.50% Series C		$	0.41		March 31, 2014	March 31, 2014	April 15, 2014
	6.50% Series C		$	0.41		June 30, 2014	June 30, 2014	15-Jul-14
	6.50% Series C		$	0.41		September 30, 2014	September 30, 2014	15-Oct-14
	6.50% Series C		$	0.41		December 31, 2014	December 31, 2014	15-Jan-15

ShareBased_Compensation_Plan_T

Share-Based Compensation Plan (Tables)	12 Months Ended
	Dec. 31, 2014
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Summary of service condition restricted share activity	The following table provides a summary of service condition restricted share activity as of December 31, 2014:
		Shares			Weighted-Average
					Grant Date
					Fair Value
	Unvested at January 1, 2012	128,664			$	21.59
	Granted	52,545			$	23.15
	Vested	(52,587	)		$	21.43
	Forfeited	—			$	—
	Unvested at December 31, 2012	128,622			$	22.19
	Granted	84,451			$	26.07
	Vested	(65,192	)		$	21.96
	Forfeited	—			$	—
	Unvested at December 31, 2013	147,881			$	24.59
	Granted	44,322			$	30.11
	Vested	(62,047	)		$	23.12
	Forfeited	(168	)		$	27.57
	Unvested at December 31, 2014	129,988			$	27.17
Performance-based Equity Awards Methodology and Assumptions	The grant date fair value of the performance awards were determined using a Monte Carlo simulation method with the following assumptions:
	Performance Award Grant Date			Percentage of Total Award		Grant Date Fair Value by Component ($ in millions)	Volatility	Interest Rate	Dividend Yield
	8-Feb-12
		Relative Total Shareholder Return(1)		30.00%		$0.70	33.00%	0.34%	2.20%
		Absolute Total Shareholder Return (1)		30.00%		$0.60	33.00%	0.34%	2.20%
		EBITDA Comparison (2)		40.00%		$0.70	33.00%	0.34%	2.20%
	30-Jan-13
		Relative Total Shareholder Return (1)		30.00%		$0.70	31.00%	0.41%	2.20%
		Absolute Total Shareholder Return (1)		30.00%		$0.50	31.00%	0.41%	2.20%
		EBITDA Comparison (2)		40.00%		$0.70	31.00%	0.41%	2.20%
	13-Dec-13
		Relative Total Shareholder Return (1)		50.00%		$4.70	29.00%	0.34% - 2.25%	2.40%
		Absolute Total Shareholder Return (1)		50.00%		$2.90	29.00%	0.34% - 2.25%	2.40%
	4-Feb-14
		Relative Total Shareholder Return (1)		30.00%		$0.70	29.00%	0.62%	2.40%
		Absolute Total Shareholder Return (1)		30.00%		$0.50	29.00%	0.62%	2.40%
		EBITDA Comparison (2)		40.00%		$0.80	29.00%	0.62%	2.40%
	(1) The Relative Total Shareholder Return and Absolute Total Shareholder Return components are market conditions as defined by ASC 718.
	(2) The EBITDA Comparison component is a performance condition as defined by ASC 718, and therefore, compensation expense related to this component will be reassessed at each reporting date to determine whether achievement of the target performance condition is probable, and the accrual of compensation expense will be adjusted as appropriate.

Income_Taxes_Income_Taxes_Tabl

Income Taxes Income Taxes (Tables)	12 Months Ended
	Dec. 31, 2014
Income Tax Disclosure [Abstract]
Schedule Of Distributions Paid Per Common Share Of Beneficial Interest And Preferred Shares On A Tax Basis	The following characterizes distributions paid per common share of beneficial interest and preferred share on a tax basis for the years ended December 31, 2014, 2013 and 2012:
		2014				2013					2012
		Amount		%		Amount			%		Amount		%
	Common Shares:
	Ordinary income	$	0.9108	100	%	$	0.6		100	%	$	0.4391	91.49	%
	Capital gain	0		0	%	0			0	%	0		0	%
	Return of capital	0		0	%	0			0	%	0.0409		8.51	%
	Total	$	0.9108	100	%	$	0.6		100	%	$	0.48	100	%
	Series A Preferred Shares:
	Ordinary income	$	2.3948	100	%	$	2.0349		100	%	$	1.7622	100	%
	Capital gain	0		0	%	0			0	%	0		0	%
	Return of capital	0		0	%	0			0	%	0		0	%
	Total	$	2.3948	100	%	$	2.0349		100	%	$	1.7622	100	%
	Series B Preferred Shares
	Ordinary income	$	2.4328	100	%	$	2.0672		100	%	$	1.7902	100	%
	Capital gain	0		0	%	0			0	%	0		0	%
	Return of capital	0		0	%	0			0	%	0		0	%
	Total	$	2.4328	100	%	$	2.0672		100	%	$	1.7902	100	%
	Series C Preferred Shares
	Ordinary income	$	1.9767	100	%	$	0.989		100	%	$	0	0	%
	Capital gain	0		0	%	0			0	%	0		0	%
	Return of capital	0		0	%	0			0	%	0		0	%
	Total	$	1.9767	100	%	$	0.989		100	%	$	0	0	%
Components of Income Tax Expense	The Company's provision (benefit) for income taxes for PHL consists of the following (in thousands):
		For the year ended December 31,
		2014		2013			2012
	Federal
	Current	$	2,121	$	718		$	1,048
	Deferred	317		—			—
	State and local
	Current	555		313			412
	Deferred	25		—			—
	Income tax expense (benefit)	$	3,018	$	1,031		$	1,460
Reconciliation of Statutory Federal Tax Expense to Companys Income Tax Expense	A reconciliation of the statutory federal tax expense (benefit) to the Company's income tax expense (benefit) for PHL is as follows (in thousands):
		For the year ended December 31,
		2014		2013			2012
	Statutory federal tax expense (benefit)	$	2,561	$	718		$	1,048
	State income tax expense (benefit), net of federal tax (benefit) expense	457		313			412
	Income tax expense (benefit)	$	3,018	$	1,031		$	1,460

Earnings_per_Common_Share_Tabl

Earnings per Common Share (Tables)	12 Months Ended
	Dec. 31, 2014
Earnings Per Share [Abstract]
Reconciliation of basic and diluted earnings per common share	The following is a reconciliation of basic and diluted earnings per common share (in thousands, except share and per-share data):
		For the year ended December 31,
		2014			2013			2012
	Numerator:
	Net income (loss) attributable to common shareholders	$	47,787		$	19,965		$	8,254
	Less: dividends paid on unvested share-based compensation	(459		)	(328		)	(310		)
	Undistributed earnings attributable to share-based compensation	—			—			—
	Net income (loss) available to common shareholders	$	47,328		$	19,637		$	7,944
	Denominator:
	Weighted-average number of common shares — basic	65,646,712			61,498,389			55,806,543
	Effect of dilutive share-based compensation	617,406			338,352			148,954
	Weighted-average number of common shares — diluted	66,264,118			61,836,741			55,955,497
	Net income (loss) per share available to common shareholders — basic	$	0.72		$	0.32		$	0.14
	Net income (loss) per share available to common shareholders — diluted	$	0.71		$	0.32		$	0.14

Commitments_and_Contingencies_

Commitments and Contingencies Commitments and Contingencies Minimum Rental Payments (Tables)	12 Months Ended
	Dec. 31, 2014
Leases [Abstract]
Schedule of Future Minimum Rental Payments for Operating Leases [Table Text Block]	Future minimum annual rental payments, including capital lease payments, assuming fixed rent for all periods and excludes percentage rent and CPI adjustments, is as follows as of December 31, 2014 (in thousands):
	2015	$	7,019
	2016	7,240
	2017	7,326
	2018	7,744
	2019	7,807
	Thereafter	751,572
	Total	$	788,708

Supplemental_Information_to_St1

Supplemental Information to Statements of Cash Flows (Tables)	12 Months Ended
	Dec. 31, 2014
Supplemental Cash Flow Elements [Abstract]
Summary of Supplemental Information to Statements of Cash Flows
		For the year ended December 31,
		2014		2013		2012
		(in thousands)
	Interest paid, net of capitalized interest	$	26,945	$	23,528	$	13,440
	Interest capitalized	$	—	$	206	$	236
	Income taxes paid	$	3,049	$	1,572	$	1,877
	Non-Cash Investing and Financing Activities:
	Distributions payable on common shares/units	$	17,743	$	10,592	$	7,461
	Distributions payable on preferred shares	$	5,550	$	5,203	$	3,813
	Issuance of common shares for Board of Trustees compensation	$	421	$	207	$	199
	Mortgage loans assumed in connection with acquisition	$	50,725	$	90,448	$	27,175
	Below (above) market rate contracts assumed in connection with acquisition	$	15,375	$	2,826	$	(9,170	)
	Capital lease obligation assumed in connection with acquisition	$	10,758	$	—	$	—
	Deposit applied to purchase price of acquisition	$	—	$	4,000	$	—
	Accrued additions and improvements to hotel properties	$	6,537	$	603	$	1,203
	Write off of fully depreciated furniture, fixtures and equipment	$	4,446	$	—	$	—
	Write off of deferred financing costs	$	2,258	$	—	$	—

Quarterly_Operating_Results_Ta

Quarterly Operating Results (Tables)	12 Months Ended
	Dec. 31, 2014
Quarterly Financial Information Disclosure [Abstract]
Schedule of Quarterly Financial Information [Table Text Block]
		Year Ended December 31, 2014
		First Quarter			Second Quarter		Third Quarter		Fourth Quarter
	Total revenues	$	125,712		$	147,454	$	169,676	$	155,934
	Net income (loss)	4,121			22,893		30,439		16,090
	Net income (loss) attributable to the Company	4,078			22,673		30,165		15,950
	Net income (loss) attributable to common shareholders	(2,003		)	16,591		23,737		9,462
	Net income (loss) per share available to common shareholders, basic and diluted	$	(0.03	)	$	0.26	$	0.36	$	0.13
		Year Ended December 31, 2013
		First Quarter			Second Quarter		Third Quarter		Fourth Quarter
	Total revenues	$	104,914		$	126,301	$	131,234	$	126,768
	Net income (loss)	(246		)	14,931		17,527		10,980
	Net income (loss) attributable to the Company	(248		)	14,834		17,415		10,917
	Net income (loss) attributable to common shareholders	(4,916		)	8,730		11,315		4,836
	Net income (loss) per share available to common shareholders, basic and diluted	$	(0.08	)	$	0.14	$	0.18	$	0.08

Organization_Details

Organization (Details)	Dec. 31, 2014	Jul. 29, 2011
	GuestRooms	properties
	properties
Organization (Textual) [Abstract]
Number of hotels owned by the company	35
Number of wholly owned real estate properties	29
Total number of guest rooms	6,948
Percentage of Operating Partnership units owned by company	99.70%
Percentage of Operating Partnership units owned by other limited partners	0.30%
Manhattan Collection Joint Venture [Member]
Organization (Textual) [Abstract]
Number of hotels owned by the company	6	6
Equity interest issued in a joint venture	49.00%	49.00%
Number of guest rooms in joint ventured real estate properties	1,775

Summary_of_Significant_Account2

Summary of Significant Accounting Policies (Details) (USD $)	12 Months Ended
In Thousands, unless otherwise specified	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Summary of Significant Accounting Policies (Textual) [Abstract]
Minimum percentage of adjusted taxable income to be distributed to shareholders as a real estate investment trust	90.00%
Comprehensive Income (Loss), Net of Tax, Including Portion Attributable to Noncontrolling Interest	$72,116	$44,578	$26,208
Accumulated other comprehensive income (loss)	($341)	$1,086
Minimum [Member] | Land, Buildings and Improvements [Member]
Property, Plant and Equipment [Line Items]
Estimated useful life (in years)	10 years
Minimum [Member] | Furniture Fixtures And Equipment [Member]
Property, Plant and Equipment [Line Items]
Estimated useful life (in years)	1 year
Maximum [Member] | Land, Buildings and Improvements [Member]
Property, Plant and Equipment [Line Items]
Estimated useful life (in years)	40 years
Maximum [Member] | Furniture Fixtures And Equipment [Member]
Property, Plant and Equipment [Line Items]
Estimated useful life (in years)	10 years

Acquisition_of_Hotel_Propertie2

Acquisition of Hotel Properties (Details) (USD $)	12 Months Ended
In Thousands, except Per Share data, unless otherwise specified	Dec. 31, 2014	Dec. 31, 2013
Business acquisition, unaudited proforma information
Total revenues	$708,928	$663,000
Operating income (loss)	111,725	92,092
Net income (loss) attributable to common shareholders	$64,095	$49,244
Net income (loss) per share attributable to common shareholders - basic	$0.97	$0.75
Net income (loss) per share available to common shareholders — diluted	$0.96	$0.74

Acquisition_of_Hotel_Propertie3

Acquisition of Hotel Properties (Details Textual) (USD $)	12 Months Ended					0 Months Ended
	Dec. 31, 2014		Dec. 31, 2013		Dec. 31, 2012	22-May-14	Jul. 17, 2014	Nov. 12, 2014	Nov. 20, 2014	Dec. 10, 2014	Dec. 18, 2014
	GuestRooms
Business Acquisition [Line Items]
Number Of Guest Rooms	6,948
Capital Leased Assets, Gross	$12,200,000					$12,200,000
Hotel acquisition costs	1,973,000		3,376,000		2,234,000
Business Combination, Pro Forma Information, Revenue of Acquiree since Acquisition Date	34,300,000
Business Combination, Pro Forma Information, Hotel Operating Expenses of Acquiree Since Acquisition Date	21,800,000
Loans Assumed	50,725,000		90,448,000		27,175,000
Mortgage loan premium	4,026,000	[1]	5,888,000	[1]
The Prescott Hotel [Member]
Business Acquisition [Line Items]
Number Of Guest Rooms						160
Business Combination, Consideration Transferred						49,000,000
Business Combination, Additional Consideration Transferred						1,300,000
Number of Guest Rooms - Fee Simple						96
Number of Guest Rooms - Leasehold Interest						64
Lease Expiry Period						2059
Ground Lease Extension Option						30 years
Base Rent						500,000
Land						12,600,000
Furniture, fixtures and equipment						1,100,000
Buildings and improvements						31,500,000
Capital Lease Obligation						10,800,000
Below (Above) market rate contracts						3,700,000
The Nines Hotel Portland [Member]
Business Acquisition [Line Items]
Number Of Guest Rooms							331
Proceeds from Unsecured Lines of Credit							76,300,000
Business Combination, Consideration Transferred							127,000,000
Land							18,500,000
Furniture, fixtures and equipment							8,800,000
Buildings and improvements							92,300,000
Below (Above) market rate contracts							7,100,000
Loans Assumed							50,700,000
Mortgage loan premium							900,000
The Nines Hotel Portland [Member] | Minimum [Member]
Business Acquisition [Line Items]
Business Combination, Potential Indemnification Obligation							0
The Nines Hotel Portland [Member] | Maximum [Member]
Business Acquisition [Line Items]
Business Combination, Potential Indemnification Obligation							28,300,000
Westin Colonnade Coral Gables [Member]
Business Acquisition [Line Items]
Number Of Guest Rooms								157
Business Combination, Consideration Transferred								59,400,000
Land								12,100,000
Furniture, fixtures and equipment								1,300,000
Buildings and improvements								46,300,000
Below (Above) market rate contracts								300,000
Hotel Palomar LA-Westwood [Member]
Business Acquisition [Line Items]
Number Of Guest Rooms									264
Business Combination, Consideration Transferred									78,700,000
Lease Expiry Period									2107
Ground Lease Extension Option									5 years
Base Rent									3,500,000
Furniture, fixtures and equipment									1,500,000
Buildings and improvements									90,700,000
Below (Above) market rate contracts									-13,500,000
Union Station Hotel Nashville [Member]
Business Acquisition [Line Items]
Number Of Guest Rooms										125
Business Combination, Consideration Transferred										52,300,000
Lease Expiry Period										2105
Furniture, fixtures and equipment										6,800,000
Buildings and improvements										37,800,000
Below (Above) market rate contracts										7,500,000
Union Station Hotel Nashville [Member] | Minimum [Member]
Business Acquisition [Line Items]
Base Rent										100,000
Revere Hotel Boston [Member]
Business Acquisition [Line Items]
Number Of Guest Rooms											356
Business Combination, Consideration Transferred											260,400,000
Land											41,900,000
Furniture, fixtures and equipment											10,600,000
Buildings and improvements											$207,800,000
[1]	Loan premiums on assumed mortgages recorded in purchase accounting for the Hotel Palomar San Francisco, Embassy Suites San Diego Bay - Downtown, Hotel Modera and The Nines, a Luxury Collection Hotel, Portland.

Investment_in_Hotel_Properties2

Investment in Hotel Properties (Details) (USD $)	Dec. 31, 2014	Dec. 31, 2013
Real Estate [Abstract]
Capital Leases, Lessee Balance Sheet, Assets by Major Class, Accumulated Depreciation	$200,000
Investment in hotel properties
Land	357,680,000	272,661,000
Buildings and improvements	1,987,050,000	1,437,593,000
Furniture, fixtures and equipment	183,016,000	135,547,000
Construction in progress	10,524,000	4,138,000
Investment in hotel properties	2,538,270,000	1,849,939,000
Less: Accumulated depreciation	-194,580,000	-132,328,000
Investment in hotel properties, net	$2,343,690,000	$1,717,611,000

Investment_in_Joint_Venture_De

Investment in Joint Venture (Details) (USD $)	12 Months Ended
In Thousands, unless otherwise specified	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Summarized results of operations of investment in the Manhattan Collection joint venture
Equity in earnings (loss) in joint venture	$10,065	$7,623	$5,970
Manhattan Collection Joint Venture [Member]
Summarized results of operations of investment in the Manhattan Collection joint venture
Revenues	185,609	172,968	174,718
Total expenses	169,683	161,145	158,394
Net income (loss)	15,926	11,823	16,324
Company's 49% interest of net income (loss)	7,804	5,793	7,999
Basis adjustment	-128	-559	-2,062
Special loan interest income elimination	2,389	2,389	33
Equity in earnings (loss) in joint venture	$10,065	$7,623	$5,970

Investment_in_Joint_Venture_De1

Investment in Joint Venture (Details Textual) (USD $)	0 Months Ended
	Dec. 28, 2012	Dec. 31, 2014	Dec. 31, 2013	Jul. 29, 2011	Dec. 27, 2012
		properties
Investment in Joint Venture (Textual) [Abstract]
Number of properties owned		35
Transaction Values Of Investment In Joint Venture				$908,000,000
Debt Instrument, Face Amount		489,961,000	448,359,000
Manhattan Collection Joint Venture [Member]
Investment in Joint Venture (Textual) [Abstract]
Equity interest issued in a joint venture		49.00%		49.00%
Number of properties owned		6		6
Unsecured Special Loan					50,000,000
Unsecured Special Loan, Interest Rate	9.75%
Equity Method Investment, Summarized Financial Information [Abstract]
Total assets		474,100,000
Total liabilities and members' deficit - existing first mortgage debt		460,000,000
Total liabilities and members' deficit - unsecured special loan		$50,000,000

Debt_Details

Debt (Details) (USD $)	12 Months Ended
In Thousands, unless otherwise specified	Dec. 31, 2014		Oct. 16, 2014	Dec. 31, 2013
Mortgage Loans on Real Estate [Line Items]
Senior unsecured revolving credit facility	$50,000	[1]		$0	[1]
Term loan	300,000	[2]	100,000	100,000	[2]
Mortgage debt
Mortgage debt	493,987			454,247
Debt Instrument, Face Amount	489,961			448,359
Mortgage loan premium	4,026	[3]		5,888	[3]
Total debt	843,987			554,247
The Nines Hotel Portland [Member] | First Mortgage [Member]
Mortgage debt
Interest Rate	7.39%
Debt Instrument, Maturity Date	1-Mar-15
Mortgage debt	50,725	[4]		0	[4]
Inter Continental Buckhead Hotel [Member] | First Mortgage [Member]
Mortgage debt
Interest Rate	4.88%
Debt Instrument, Maturity Date	1-Jan-16
Mortgage debt	49,320			50,192
Skamania Lodge [Member] | First Mortgage [Member]
Mortgage debt
Interest Rate	5.44%
Debt Instrument, Maturity Date	1-Feb-16
Mortgage debt	29,308			29,811
Double Tree By Hilton Bethesda Washington Dc [Member] | First Mortgage [Member]
Mortgage debt
Interest Rate	5.28%
Debt Instrument, Maturity Date	1-Feb-16
Mortgage debt	34,575			35,102
Embassy Suites San Diego [Member] | First Mortgage [Member]
Mortgage debt
Interest Rate	6.28%
Debt Instrument, Maturity Date	1-Jun-16
Mortgage debt	64,462			65,725
Hotel Modera [Member] | First Mortgage [Member]
Mortgage debt
Interest Rate	5.26%
Debt Instrument, Maturity Date	1-Jul-16
Mortgage debt	23,225			23,597
Monaco Washington D C [Member] | First Mortgage [Member]
Mortgage debt
Interest Rate	4.36%
Debt Instrument, Maturity Date	1-Feb-17
Mortgage debt	43,756			44,580
Argonaut Hotel [Member] | First Mortgage [Member]
Mortgage debt
Interest Rate	4.25%
Debt Instrument, Maturity Date	1-Mar-17
Mortgage debt	44,006			45,138
Sofitel Philadelphia [Member] | First Mortgage [Member]
Mortgage debt
Interest Rate	3.90%
Debt Instrument, Maturity Date	1-Jun-17
Mortgage debt	46,968			48,218
Hotel Palomar San Francisco [Member] | First Mortgage [Member]
Mortgage debt
Interest Rate	5.94%
Debt Instrument, Maturity Date	1-Sep-17
Mortgage debt	26,461			26,802
Westin Gaslamp Quarter [Member] | First Mortgage [Member]
Mortgage debt
Interest Rate	3.69%
Debt Instrument, Maturity Date	1-Jan-20
Mortgage debt	$77,155			$79,194
Revolving facility [Member]
Mortgage Loans on Real Estate [Line Items]
Line of Credit Facility, Expiration Date	13-Jan-19
Term Loan [Member]
Mortgage Loans on Real Estate [Line Items]
Line of Credit Facility, Expiration Date	15-Jan-20
[1]	Borrowings bear interest at floating rates equal to, at our option, either (i) LIBOR plus an applicable margin or (ii) an Adjusted Base Rate (as defined in the senior unsecured credit agreement) plus an applicable margin. The Company has two six-month extension options.
[2]	Borrowings under our term loan facility bear interest at floating rates equal to, at our option, either (i) LIBOR plus an applicable margin or (ii) a Base Rate plus an applicable margin. We entered into interest rate swaps to effectively fix the interest rate for the Term Loan. At December 31, 2014, the Company had interest rate swaps with an aggregate notional amount of $300.0 million, and, as a result, the Term Loan had a weighted-average effective interest rate of 2.83% through July 13, 2017 and a weighted-average effective interest rate of 3.41% from July 13, 2017 through January 15, 2020, based on the Company’s leverage ratio at December 31, 2014.
[3]	Loan premiums on assumed mortgages recorded in purchase accounting for the Hotel Palomar San Francisco, Embassy Suites San Diego Bay - Downtown, Hotel Modera and The Nines, a Luxury Collection Hotel, Portland.
[4]	The interest rate of 7.39% represents a weighted-average interest rate of the three non-recourse mortgage loans assumed in conjunction with the acquisition of The Nines, a Luxury Collection Hotel, Portland. The Company intends to repay these mortgage loans through borrowings on its credit facilities upon maturity.

Debt_Details_Textual

Debt (Details Textual) (USD $)	12 Months Ended					0 Months Ended
	Dec. 31, 2014		Dec. 31, 2013		Dec. 31, 2012	Jul. 17, 2014	Oct. 16, 2014	Dec. 17, 2014	Oct. 24, 2014	Aug. 13, 2012
Line of Credit Facility [Line Items]
Line of Credit Facility, Maximum Borrowing Capacity	$1,000,000,000
Outstanding borrowings under the credit facility	50,000,000	[1]	0	[1]
Unused commitment fees	700,000		700,000		900,000
Term loan	300,000,000	[2]	100,000,000	[2]			100,000,000
Derivative Asset, Fair Value	700,000
Derivative Liability	1,000,000
Unrealized gain (loss) on derivative instruments	-1,427,000		1,386,000		-300,000
Other Comprehensive Income (Loss), Reclassification Adjustment on Derivatives Included in Net Income, Net of Tax	600,000		500,000
Derivative Instruments, Gain (Loss) Reclassification from Accumulated OCI to Income, Estimated Net Amount to be Transferred	3,000,000
Estimated fair value of debt	503,900,000		460,900,000
Loans Assumed	50,725,000		90,448,000		27,175,000
Debt Instrument, Unamortized Premium	4,026,000	[3]	5,888,000	[3]
credit facility [Member]
Line of Credit Facility [Line Items]
Line of Credit Facility, Maximum Borrowing Capacity							600,000,000
Revolving facility [Member]
Line of Credit Facility [Line Items]
Credit facility maturity extension option	Jan-20
Line of Credit Facility, Maximum Borrowing Capacity	300,000,000
Revolving facility [Member] | Minimum [Member]
Line of Credit Facility [Line Items]
Credit facility borrowings LIBOR rate plus	1.55%
Annual rate of unused commitment fee	0.20%
Revolving facility [Member] | Maximum [Member]
Line of Credit Facility [Line Items]
Credit facility borrowings LIBOR rate plus	2.30%
Annual rate of unused commitment fee	0.30%
Term Loan [Member]
Line of Credit Facility [Line Items]
Senior unsecured revolving credit facility							300,000,000
Credit facility maturity date	15-Jan-20
UnsecuredDebtAdditionalBorrowings								200,000,000
Term Loan [Member] | Minimum [Member]
Line of Credit Facility [Line Items]
Credit facility borrowings LIBOR rate plus	1.50%
Term Loan [Member] | Maximum [Member]
Line of Credit Facility [Line Items]
Credit facility borrowings LIBOR rate plus	2.25%
Term Loan Through July 12, 2017 [Member]
Line of Credit Facility [Line Items]
Debt Instrument, Interest Rate, Effective Percentage	2.83%
Term Loan July 13, 2017 through January 15, 2020 [Member]
Line of Credit Facility [Line Items]
Debt Instrument, Interest Rate, Effective Percentage									3.41%
Revolving facility [Member]
Line of Credit Facility [Line Items]
Credit facility maturity date	13-Jan-19
Term Loan [Member]
Line of Credit Facility [Line Items]
Senior unsecured revolving credit facility	300,000,000
Credit facility maturity date	15-Jan-20
Accumulated Other Comprehensive Income (Loss) [Member]
Line of Credit Facility [Line Items]
Unrealized gain (loss) on derivative instruments	-1,427,000		1,386,000		-300,000
The Nines Hotel Portland [Member]
Line of Credit Facility [Line Items]
Debt Instrument, Interest Rate, Stated Percentage						7.39%
Loans Assumed						50,700,000
Debt Instrument, Unamortized Premium						900,000
First Mortgage [Member] | The Nines Hotel Portland [Member]
Line of Credit Facility [Line Items]
Debt Instrument, Interest Rate, Stated Percentage	7.39%
Interest Rate Swap [Member]
Line of Credit Facility [Line Items]
Notional Amount of Interest Rate Cash Flow Hedge Derivatives	$300,000,000									$100,000,000
[1]	Borrowings bear interest at floating rates equal to, at our option, either (i) LIBOR plus an applicable margin or (ii) an Adjusted Base Rate (as defined in the senior unsecured credit agreement) plus an applicable margin. The Company has two six-month extension options.
[2]	Borrowings under our term loan facility bear interest at floating rates equal to, at our option, either (i) LIBOR plus an applicable margin or (ii) a Base Rate plus an applicable margin. We entered into interest rate swaps to effectively fix the interest rate for the Term Loan. At December 31, 2014, the Company had interest rate swaps with an aggregate notional amount of $300.0 million, and, as a result, the Term Loan had a weighted-average effective interest rate of 2.83% through July 13, 2017 and a weighted-average effective interest rate of 3.41% from July 13, 2017 through January 15, 2020, based on the Company’s leverage ratio at December 31, 2014.
[3]	Loan premiums on assumed mortgages recorded in purchase accounting for the Hotel Palomar San Francisco, Embassy Suites San Diego Bay - Downtown, Hotel Modera and The Nines, a Luxury Collection Hotel, Portland.

Debt_Debt_Five_Year_Maturity_S

Debt Debt Five Year Maturity Schedule (Details) (USD $)	Dec. 31, 2014		Dec. 31, 2013
In Thousands, unless otherwise specified
Debt Disclosure [Abstract]
2015	$60,211
2016	203,269
2017	155,908
2018	2,366
2019	2,456
Thereafter	365,751
Total debt principal payments	789,961
Mortgage loan premium	4,026	[1]	5,888	[1]
Total Debt	$793,987
[1]	Loan premiums on assumed mortgages recorded in purchase accounting for the Hotel Palomar San Francisco, Embassy Suites San Diego Bay - Downtown, Hotel Modera and The Nines, a Luxury Collection Hotel, Portland.

Equity_Details

Equity (Details) (Common Shares [Member], USD $)	3 Months Ended
	Dec. 31, 2014	Sep. 30, 2014	Jun. 30, 2014	Mar. 31, 2014
Common Shares [Member]
Dividends on common shares/units
Dividend per Share/Unit	$0.23	$0.23	$0.23	$0.23
Record Date	31-Dec-14	30-Sep-14	30-Jun-14	31-Mar-14
Payable Date	15-Jan-15	15-Oct-14	15-Jul-14	15-Apr-14

Equity_Details_1

Equity (Details 1) (USD $)	3 Months Ended
	Dec. 31, 2014	Sep. 30, 2014	Jun. 30, 2014	Mar. 31, 2014
7.875% Series A [Member]
Dividends on preferred shares/units
Dividend per Share/Unit	$0.49	$0.49	$0.49	$0.49
Record Date	31-Dec-14	30-Sep-14	30-Jun-14	31-Mar-14
Payable Date	15-Jan-15	15-Oct-14	15-Jul-14	15-Apr-14
8.00% Series B [Member]
Dividends on preferred shares/units
Dividend per Share/Unit	$0.50	$0.50	$0.50	$0.50
Record Date	31-Dec-14	30-Sep-14	30-Jun-14	31-Mar-14
Payable Date	15-Jan-15	15-Oct-14	15-Jul-14	15-Apr-14
6.50% Series C [Member]
Dividends on preferred shares/units
Dividend per Share/Unit	$0.41	$0.41	$0.41	$0.41
Record Date	31-Dec-14	30-Sep-14	30-Jun-14	31-Mar-14
Payable Date	15-Jan-15	15-Oct-14	15-Jul-14	15-Apr-14

Equity_Details_Textual

Equity (Details Textual) (USD $)	0 Months Ended	12 Months Ended			0 Months Ended
	Dec. 31, 2014	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012	Sep. 30, 2014	Oct. 30, 2014	Sep. 09, 2014
Common Stock Disclosures [Abstract]
Common shares of beneficial interest, shares authorized	500,000,000	500,000,000	500,000,000
Common shares of beneficial interest, par value	$0.01	$0.01	$0.01
Stock Issued During Period, Value, New Issues		$316,910,000	$175,575,000	$214,871,000
Proceeds from Issuance of Common Stock		293,211,000	79,362,000	221,579,000
Preferred Stock Disclosures [Abstract]
Preferred shares of beneficial interest, shares authorized	100,000,000	100,000,000	100,000,000
Preferred shares of beneficial interest, par value	$0.01	$0.01	$0.01
Preferred Stock, Shares Issued	14,000,000	14,000,000	13,000,000
Preferred Stock, Value, Issued	140,000	140,000	130,000
Proceeds from Issuance of Preferred Stock and Preference Stock		25,000,000	100,000,000	0
Preferred Stock, Shares Outstanding	14,000,000	14,000,000	13,000,000
Preferred shares of beneficial interest, redemption price per share	$25	$25
LTIP Units Disclosures [Abstract]
Operating Partnership outstanding	236,351	236,351	607,991
LTIP units, vested	0	0
Long Term Incentive Partnership Units Converted To Common Units		258,101	0	444,535
Long Term Incentive Partnership Units Converted to Cash	113,539
Payments for Repurchase of Redeemable Noncontrolling Interest	5,200,000	5,231,000	0	2,342,000
6.50% Series C [Member]
Preferred Stock Disclosures [Abstract]
Preferred Stock, Shares Issued					1,000,000
Preferred Stock, Value, Issued	25	25
Proceeds from Issuance of Preferred Stock and Preference Stock					24,500,000
Preferred Stock, Shares Outstanding	5,000,000	5,000,000	4,000,000
Preferred Stock, Dividend Rate, Percentage		6.50%
Share cap on each preferred shares		2.0325
7.875% Series A [Member]
Preferred Stock Disclosures [Abstract]
Preferred Stock, Shares Outstanding	5,600,000	5,600,000	5,600,000
Preferred Stock, Dividend Rate, Percentage		7.88%
Share cap on each preferred shares		2.3234
8.00% Series B [Member]
Preferred Stock Disclosures [Abstract]
Preferred Stock, Shares Outstanding	3,400,000	3,400,000	3,400,000
Preferred Stock, Dividend Rate, Percentage		8.00%
Share cap on each preferred shares		3.4483
Sept 9 common offering [Member]
Common Stock Disclosures [Abstract]
Stock Issued During Period, Shares, New Issues						3,680,000
Stock Issued During Period, Value, New Issues							38.15
Proceeds from Issuance of Common Stock							131,600,000
ATMProgram [Member]
Common Stock Disclosures [Abstract]
Stock Issued During Period, Shares, New Issues		400,000
Stock Issued During Period, Value, New Issues		38.09
Mar 2014 Shelf Registration Stmt Maximum Amount	175,000,000	175,000,000
Proceeds from Issuance of Common Stock		15,000,000
Sept 2012 Shelf Registration Stmt Maximum Amount	170,000,000	170,000,000
Amount Available under ATM Program	159,800,000	159,800,000
Oct 30 common offering [Member]
Common Stock Disclosures [Abstract]
Stock Issued During Period, Shares, New Issues							3,450,000
Stock Issued During Period, Value, New Issues						39.77
Proceeds from Issuance of Common Stock						146,400,000

ShareBased_Compensation_Plan_D

Share-Based Compensation Plan (Details) (USD $)	12 Months Ended			0 Months Ended
In Millions, except Share data, unless otherwise specified	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012	Feb. 08, 2012		Jan. 30, 2013		Dec. 13, 2013		Feb. 04, 2014
Restricted Stock [Member]
Summary of restricted share activity
Unvested shares, Beginning balance	147,881	128,622	128,664
Unvested weighted average grant date fair value, beginning balance	$24.59	$22.19	$21.59
Unvested shares, Granted	44,322	84,451	52,545
Granted, weighted average grant date fair value	$30.11	$26.07	$23.15
Vested, shares	-62,047	-65,192	-52,587
Vested, weighted average grant date fair value	$23.12	$21.96	$21.43
Forfeited, shares	-168	0	0
Forfeited, weighted average grant date fair value	$27.57	$0	$0
Unvested shares, Ending balance	129,988	147,881	128,622
Unvested weighted average grant date fair value, ending balance	$27.17	$24.59	$22.19
February 2012 [Member] | Performance Shares [Member]
Summary of restricted share activity
Unvested shares, Granted				72,056
February 2012 [Member] | Relative TSR [Member] | Performance Shares [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions and Methodology [Abstract]
Percentage of Total Award				30.00%	[1]
Grant Date Fair Value by Component ($ in millions)				0.7	[1]
Volatility				33.00%	[1]
Interest Rate				0.34%	[1]
Dividend Yield				2.20%	[1]
February 2012 [Member] | Absolute TSR [Member] | Performance Shares [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions and Methodology [Abstract]
Percentage of Total Award				30.00%	[1]
Grant Date Fair Value by Component ($ in millions)				0.6	[1]
Volatility				33.00%	[1]
Interest Rate				0.34%	[1]
Dividend Yield				2.20%	[1]
February 2012 [Member] | EBITDA Comparison [Member] | Performance Shares [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions and Methodology [Abstract]
Percentage of Total Award				40.00%	[2]
Grant Date Fair Value by Component ($ in millions)				0.7	[2]
Volatility				33.00%	[2]
Interest Rate				0.34%	[2]
Dividend Yield				2.20%	[2]
January 2013 [Member] | Performance Shares [Member]
Summary of restricted share activity
Unvested shares, Granted						72,118
January 2013 [Member] | Relative TSR [Member] | Performance Shares [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions and Methodology [Abstract]
Percentage of Total Award						30.00%	[1]
Grant Date Fair Value by Component ($ in millions)						0.7	[1]
Volatility						31.00%	[1]
Interest Rate						0.41%	[1]
Dividend Yield						2.20%	[1]
January 2013 [Member] | Absolute TSR [Member] | Performance Shares [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions and Methodology [Abstract]
Percentage of Total Award						30.00%	[1]
Grant Date Fair Value by Component ($ in millions)						0.5	[1]
Volatility						31.00%	[1]
Interest Rate						0.41%	[1]
Dividend Yield						2.20%	[1]
January 2013 [Member] | EBITDA Comparison [Member] | Performance Shares [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions and Methodology [Abstract]
Percentage of Total Award						40.00%	[2]
Grant Date Fair Value by Component ($ in millions)						0.7	[2]
Volatility						31.00%	[2]
Interest Rate						0.41%	[2]
Dividend Yield						2.20%	[2]
December 2013 [Member] | Performance Shares [Member]
Summary of restricted share activity
Unvested shares, Granted								252,088
December 2013 [Member] | Relative TSR [Member] | Performance Shares [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions and Methodology [Abstract]
Percentage of Total Award								50.00%	[1]
Grant Date Fair Value by Component ($ in millions)								4.7	[1]
Volatility								29.00%	[1]
Dividend Yield								2.40%	[1]
December 2013 [Member] | Absolute TSR [Member] | Performance Shares [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions and Methodology [Abstract]
Percentage of Total Award								50.00%	[1]
Grant Date Fair Value by Component ($ in millions)								2.9	[1]
Volatility								29.00%	[1]
Dividend Yield								2.40%	[1]
February 2014 [Member] | Performance Shares [Member]
Summary of restricted share activity
Unvested shares, Granted										66,483
February 2014 [Member] | Relative TSR [Member] | Performance Shares [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions and Methodology [Abstract]
Percentage of Total Award										30.00%	[1]
Grant Date Fair Value by Component ($ in millions)										0.7	[1]
Volatility										29.00%	[1]
Interest Rate										0.62%	[1]
Dividend Yield										2.40%	[1]
February 2014 [Member] | Absolute TSR [Member] | Performance Shares [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions and Methodology [Abstract]
Percentage of Total Award										30.00%	[1]
Grant Date Fair Value by Component ($ in millions)										0.5	[1]
Volatility										29.00%	[1]
Interest Rate										0.62%	[1]
Dividend Yield										2.40%	[1]
February 2014 [Member] | EBITDA Comparison [Member] | Performance Shares [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions and Methodology [Abstract]
Percentage of Total Award										40.00%	[2]
Grant Date Fair Value by Component ($ in millions)										0.8	[2]
Volatility										29.00%	[2]
Interest Rate										0.62%	[2]
Dividend Yield										2.40%	[2]
Minimum [Member] | December 2013 [Member] | Relative TSR [Member] | Performance Shares [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions and Methodology [Abstract]
Interest Rate								0.34%
Minimum [Member] | December 2013 [Member] | Absolute TSR [Member] | Performance Shares [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions and Methodology [Abstract]
Interest Rate								0.34%
Maximum [Member] | December 2013 [Member] | Relative TSR [Member] | Performance Shares [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions and Methodology [Abstract]
Interest Rate								2.25%
Maximum [Member] | December 2013 [Member] | Absolute TSR [Member] | Performance Shares [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions and Methodology [Abstract]
Interest Rate								2.25%
[1]	The Relative Total Shareholder Return and Absolute Total Shareholder Return are market conditions as defined by ASC 718.
[2]	The EBITDA Comparison component is a performance condition as defined by ASC 718 and therefore, compensation expense related to this component will be reassessed at each reporting date to determine whether achievement of the target performance condition is probable, and the accrual of compensation expense will be adjusted as appropriate.

ShareBased_Compensation_Plan_D1

Share-Based Compensation Plan (Details Textual) (USD $)	0 Months Ended	12 Months Ended			0 Months Ended
In Millions, except Share data, unless otherwise specified	Dec. 31, 2014	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012	Dec. 13, 2013	Feb. 08, 2012	Jan. 30, 2013	Feb. 04, 2014
Share-Based Compensation Plan (Textual) [Abstract]
Share-based award vesting period		6 years
Number of common shares available for issuance under the 2009 Equity Incentive Plan	940,270	940,270
Operating Partnership outstanding	236,351	236,351	607,991
Long Term Incentive Partnership Units Converted To Common Units		258,101	0	444,535
Long Term Incentive Partnership Units Converted to Cash	113,539
LTIP units, vested	0	0
Long Term Incentive Partnership Units Vested Prior to Redemption	371,640	371,640
Restricted Stock [Member]
Share-Based Compensation Plan (Textual) [Abstract]
Allocated Share-based Compensation Expense		1.4	1.5	1.5
Total unrecognized compensation cost	2.1	2.1
Weighted average remaining vesting period (in years)		2 years 8 months 0 days
Share-based equity award grant		44,322	84,451	52,545
Restricted Stock [Member] | Minimum [Member]
Share-Based Compensation Plan (Textual) [Abstract]
Share-based award vesting period		3 years
Restricted Stock [Member] | Maximum [Member]
Share-Based Compensation Plan (Textual) [Abstract]
Share-based award vesting period		5 years
Performance Shares [Member]
Share-Based Compensation Plan (Textual) [Abstract]
Allocated Share-based Compensation Expense		7.7	2.1	1.1
Total unrecognized compensation cost	11.8	11.8
Weighted average remaining vesting period (in years)		2 years 5 months 0 days
LongTermIncentivePartnershipUnitsClassA [Member]
Share-Based Compensation Plan (Textual) [Abstract]
Value of LTIP grants per share	8.5	8.5
LongtermincentivepartnershipunitsclassB [Member]
Share-Based Compensation Plan (Textual) [Abstract]
Value of LTIP grants per share					$29.19
LTIP Units Granted					226,882
Grant date fair value of performance-based equity awards					6.6
Long Term Incentive Partnership Units [Member]
Share-Based Compensation Plan (Textual) [Abstract]
Allocated Share-based Compensation Expense		2.6	1.6	1.6
Total unrecognized compensation cost	5.5	5.5
Weighted average remaining vesting period (in years)		2 years 6 months 0 days
February 2012 [Member] | Performance Shares [Member]
Share-Based Compensation Plan (Textual) [Abstract]
Share-based equity award grant						72,056
Shares Expected to Vest Not Subject to Maximum						12,048
February 2012 [Member] | Performance Shares [Member] | Minimum [Member]
Share-Based Compensation Plan (Textual) [Abstract]
Estimated Shares Expected to Vest Minimum and Maximum						0.00%
February 2012 [Member] | Performance Shares [Member] | Maximum [Member]
Share-Based Compensation Plan (Textual) [Abstract]
Estimated Shares Expected to Vest Minimum and Maximum						200.00%
January 2013 [Member] | Performance Shares [Member]
Share-Based Compensation Plan (Textual) [Abstract]
Share-based equity award grant							72,118
Shares Expected to Vest Not Subject to Maximum							11,753
January 2013 [Member] | Performance Shares [Member] | Minimum [Member]
Share-Based Compensation Plan (Textual) [Abstract]
Estimated Shares Expected to Vest Minimum and Maximum							0.00%
January 2013 [Member] | Performance Shares [Member] | Maximum [Member]
Share-Based Compensation Plan (Textual) [Abstract]
Estimated Shares Expected to Vest Minimum and Maximum							200.00%
December 2013 [Member] | Performance Shares [Member]
Share-Based Compensation Plan (Textual) [Abstract]
Share-based equity award grant					252,088
December 2013 [Member] | Performance Shares [Member] | Minimum [Member]
Share-Based Compensation Plan (Textual) [Abstract]
Estimated Shares Expected to Vest Minimum and Maximum					0.00%
December 2013 [Member] | Performance Shares [Member] | Maximum [Member]
Share-Based Compensation Plan (Textual) [Abstract]
Estimated Shares Expected to Vest Minimum and Maximum					200.00%
February 2014 [Member] | Performance Shares [Member]
Share-Based Compensation Plan (Textual) [Abstract]
Share-based equity award grant								66,483
Shares Expected to Vest Not Subject to Maximum								12,261
February 2014 [Member] | Performance Shares [Member] | Minimum [Member]
Share-Based Compensation Plan (Textual) [Abstract]
Estimated Shares Expected to Vest Minimum and Maximum								0.00%
February 2014 [Member] | Performance Shares [Member] | Maximum [Member]
Share-Based Compensation Plan (Textual) [Abstract]
Estimated Shares Expected to Vest Minimum and Maximum								200.00%

Income_Taxes_Distributions_pai

Income Taxes Distributions paid (Details) (USD $)	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Common Shares [Member]
Class of Stock [Line Items]
Ordinary Income Per Share	$0.91	$0.60	$0.44
Percentage of Ordinary Income	100.00%	100.00%	91.49%
Capital Gain Per Share	$0	$0	$0
Percentage of Capital Gain	0.00%	0.00%	0.00%
Return of Capital Per Share	$0	$0	$0.04
Percentage of Return of Capital	0.00%	0.00%	8.51%
Distributions Paid Per Share on a Tax Basis	$0.91	$0.60	$0.48
Percentage of Distributions Paid Per Share on a Tax Basis	100.00%	100.00%	100.00%
Series A Preferred Stock [Member]
Class of Stock [Line Items]
Ordinary Income Per Share	$2.39	$2.03	$1.76
Percentage of Ordinary Income	100.00%	100.00%	100.00%
Capital Gain Per Share	$0	$0	$0
Percentage of Capital Gain	0.00%	0.00%	0.00%
Return of Capital Per Share	$0	$0	$0
Percentage of Return of Capital	0.00%	0.00%	0.00%
Distributions Paid Per Share on a Tax Basis	$2.39	$2.03	$1.76
Percentage of Distributions Paid Per Share on a Tax Basis	100.00%	100.00%	100.00%
Series B Preferred Stock [Member]
Class of Stock [Line Items]
Ordinary Income Per Share	$2.43	$2.07	$1.79
Percentage of Ordinary Income	100.00%	100.00%	100.00%
Capital Gain Per Share	$0	$0	$0
Percentage of Capital Gain	0.00%	0.00%	0.00%
Return of Capital Per Share	$0	$0	$0
Percentage of Return of Capital	0.00%	0.00%	0.00%
Distributions Paid Per Share on a Tax Basis	$2.43	$2.07	$1.79
Percentage of Distributions Paid Per Share on a Tax Basis	100.00%	100.00%	100.00%
Series C Preferred Stock [Member]
Class of Stock [Line Items]
Ordinary Income Per Share	$1.98	$0.99	$0
Percentage of Ordinary Income	100.00%	100.00%	0.00%
Capital Gain Per Share	$0	$0	$0
Percentage of Capital Gain	0.00%	0.00%	0.00%
Return of Capital Per Share	$0	$0	$0
Percentage of Return of Capital	0.00%	0.00%	0.00%
Distributions Paid Per Share on a Tax Basis	$1.98	$0.99	$0
Percentage of Distributions Paid Per Share on a Tax Basis	100.00%	100.00%	0.00%

Income_Taxes_Details_Textual

Income Taxes (Details Textual) (USD $)	12 Months Ended
In Thousands, except Per Share data, unless otherwise specified	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Schedule of Income Tax [Line Items]
Income tax (expense) benefit	$3,251	$1,226	$1,866
Estimated combined federal and state statutory tax rate	37.50%
Operating Partnership [Member]
Schedule of Income Tax [Line Items]
Income tax (expense) benefit	$200	$200	$400
Series A Preferred Stock [Member]
Schedule of Income Tax [Line Items]
Prior year distributions carryforward as current year distribution	$0.43
Series B Preferred Stock [Member]
Schedule of Income Tax [Line Items]
Prior year distributions carryforward as current year distribution	$0.43
Series C Preferred Stock [Member]
Schedule of Income Tax [Line Items]
Prior year distributions carryforward as current year distribution	$0.35
Common Shares [Member]
Schedule of Income Tax [Line Items]
Current year distributions carryforward to next year distributions	$0.17

Income_Taxes_Components_of_Inc

Income Taxes Components of Income Tax Expense (Details) (USD $)	12 Months Ended
In Thousands, unless otherwise specified	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
State and local
Income tax expense (benefit)	$3,251	$1,226	$1,866
PHL [Member]
Federal
Current	2,121	718	1,048
Deferred	317	0	0
State and local
Current	555	313	412
Deferred	25	0	0
Income tax expense (benefit)	$3,018	$1,031	$1,460

Income_Taxes_Reconciliation_of

Income Taxes Reconciliation of the Statutory Federal Tax Expense (Details) (USD $)	12 Months Ended
In Thousands, unless otherwise specified	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Schedule of Distributions Paid Per Common Share of Beneficial Interest and Preferred Share On a Tax Basis[Line Items]
Income Tax Expense (Benefit)	$3,251	$1,226	$1,866
PHL [Member]
Schedule of Distributions Paid Per Common Share of Beneficial Interest and Preferred Share On a Tax Basis[Line Items]
Statutory federal tax expense (benefit)	2,561	718	1,048
State income tax expense (benefit), net of federal tax (benefit) expense	457	313	412
Income Tax Expense (Benefit)	$3,018	$1,031	$1,460

Earnings_per_Common_Share_Deta

Earnings per Common Share (Details) (USD $)	3 Months Ended								12 Months Ended
In Thousands, except Share data, unless otherwise specified	Dec. 31, 2014	Sep. 30, 2014	Jun. 30, 2014	Mar. 31, 2014	Dec. 31, 2013	Sep. 30, 2013	Jun. 30, 2013	Mar. 31, 2013	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Numerator:
Net income (loss) attributable to common shareholders	$9,462	$23,737	$16,591	($2,003)	$4,836	$11,315	$8,730	($4,916)	$47,787	$19,965	$8,254
Less: dividends paid on unvested share-based compensation									-459	-328	-310
Undistributed Earnings (Loss) Allocated to Participating Securities, Basic									0	0	0
Net income (loss) available to common shareholders									$47,328	$19,637	$7,944
Denominator:
Weighted-average number of common shares-basic									65,646,712	61,498,389	55,806,543
Effect of dilutive share-based compensation									617,406	338,352	148,954
Weighted-average number of common shares-diluted									66,264,118	61,836,741	55,955,497
Net income (loss) per share available to common shareholders, basic									$0.72	$0.32	$0.14
Net income (loss) per share available to common shareholders, diluted									$0.71	$0.32	$0.14

Commitments_and_Contingencies_1

Commitments and Contingencies Details (Details) (USD $)	Dec. 31, 2014
In Thousands, unless otherwise specified
Commitments and Contingencies Disclosure [Abstract]
2015	$7,019
2016	7,240
2017	7,326
2018	7,744
2019	7,807
Thereafter	751,572
Total	$788,708

Commitments_and_Contingencies_2

Commitments and Contingencies (Details Textual) (USD $)	12 Months Ended			0 Months Ended
	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012	22-May-14	Nov. 20, 2014	Dec. 10, 2014
	GuestRooms				extension_option
					GuestRooms
Management Agreements [Line Items]
Combined base and incentive management fees	$19,300,000	$15,800,000	$11,500,000
Commitments and Contingencies (Textual) [Abstract]
Reserve funds allowed for hotel maintenance from hotel revenue	4.00%
Restricted cash	16,383,000	16,482,000
Number Of Guest Rooms	6,948
Operating Leases, Rent Expense	8,900,000	7,600,000	2,600,000
Minimum [Member]
Management Agreements [Line Items]
Terms of management agreements not including renewals	5 years
Terms of management agreements including renewals	5 years
Termination fees range	0
Base management fee from hotel revenues	1.50%
Maximum [Member]
Management Agreements [Line Items]
Terms of management agreements not including renewals	20 years
Terms of management agreements including renewals	52 years
Termination fees range	6
Base management fee from hotel revenues	4.00%
Monaco Washington D C [Member]
Commitments and Contingencies (Textual) [Abstract]
Ground lease expiry period	2059
Base rent	200,000
Argonaut Hotel [Member]
Commitments and Contingencies (Textual) [Abstract]
Ground lease expiry period	2059
Base rent	1,300,000
Hotel Palomar San Francisco [Member]
Commitments and Contingencies (Textual) [Abstract]
Ground lease expiry period	2097
Radisson Hotel Fisherman's Wharf [Member]
Commitments and Contingencies (Textual) [Abstract]
Base rent	100,000
Primary lease [Member] | Radisson Hotel Fisherman's Wharf [Member]
Commitments and Contingencies (Textual) [Abstract]
Ground lease percentage rent on hotel revenues	5.00%
Ground lease percentage rent on retail revenues	7.50%
Ground lease percentage rent on hotel revenues b	6.00%
Ground lease percentage rent on retail and parking revenues	7.50%
The Prescott Hotel [Member]
Commitments and Contingencies (Textual) [Abstract]
Ground lease expiry period				2059
Base rent				500,000
Number of Guest Rooms - Leasehold Interest				64
Number Of Guest Rooms				160
Ground Lease Extension Option				30 years
Radisson Hotel Fisherman's Wharf [Member] | Primary lease [Member]
Commitments and Contingencies (Textual) [Abstract]
Ground lease expiry period	2062
Radisson Hotel Fisherman's Wharf [Member] | Secondary lease [Member]
Commitments and Contingencies (Textual) [Abstract]
Ground lease expiry period	Apr-16
Hotel Palomar LA-Westwood [Member]
Commitments and Contingencies (Textual) [Abstract]
Ground lease expiry period					2107
Base rent					3,500,000
Number of Extension Options					19
Number Of Guest Rooms					264
Ground Lease Extension Option					5 years
Union Station Hotel Nashville [Member]
Commitments and Contingencies (Textual) [Abstract]
Ground lease expiry period						2105
Number Of Guest Rooms						125
Union Station Hotel Nashville [Member] | Minimum [Member]
Commitments and Contingencies (Textual) [Abstract]
Base rent						100,000

Supplemental_Information_to_St2

Supplemental Information to Statements of Cash Flows (Details) (USD $)	12 Months Ended
In Thousands, except Share data, unless otherwise specified	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Dividends Payable [Line Items]
Interest Paid, Net of Capitalized Interest	$26,945	$23,528	$13,440
Interest Paid, Capitalized	0	206	236
Income Taxes Paid	3,049	1,572	1,877
Distributions payable on shares/units	23,293	15,795
Issuance of common shares for board of trustees compensation	421	207	199
Mortgage loan assumed in connection with acquisition	50,725	90,448	27,175
Below (above) market rate contracts assumed in connection with acquisition	15,375	2,826	-9,170
NonCash Acquisition, Capital Lease Obligation	10,758	0	0
Deposit Applied To Purchase Price Of Acquisition	0	4,000	0
Accrued additions and improvements to hotel properties	6,537	603	1,203
WriteOffFullyDepreciatedFurnitureFixtureandEquipment	4,446	0	0
Write off of Deferred Debt Issuance Cost	2,258	0	0
Long Term Incentive Partnership Units Converted To Common Units	258,101	0	444,535
Common Shares [Member]
Dividends Payable [Line Items]
Distributions payable on shares/units	17,743	10,592	7,461
Preferred Shares [Member]
Dividends Payable [Line Items]
Distributions payable on shares/units	$5,550	$5,203	$3,813

Subsequent_Events_Details

Subsequent Events (Details)	12 Months Ended			0 Months Ended
	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012	Feb. 11, 2015
Subsequent Event [Line Items]
Share-based award vesting period	6 years
Restricted Stock [Member]
Subsequent Event [Line Items]
Share-based equity award grant	44,322	84,451	52,545
Restricted Stock [Member] | Subsequent Event [Member]
Subsequent Event [Line Items]
Share-based equity award grant				40,507
Performance Shares [Member] | Subsequent Event [Member]
Subsequent Event [Line Items]
Share-based equity award grant				44,962
Minimum [Member] | Subsequent Event [Member]
Subsequent Event [Line Items]
Share-based award vesting period				3 years 0 months 0 days
Minimum [Member] | Restricted Stock [Member]
Subsequent Event [Line Items]
Share-based award vesting period	3 years
Maximum [Member] | Subsequent Event [Member]
Subsequent Event [Line Items]
Share-based award vesting period				5 years 0 months 0 days
Maximum [Member] | Restricted Stock [Member]
Subsequent Event [Line Items]
Share-based award vesting period	5 years

Quarterly_Operating_Results_De

Quarterly Operating Results (Details) (USD $)	3 Months Ended								12 Months Ended
In Thousands, except Per Share data, unless otherwise specified	Dec. 31, 2014	Sep. 30, 2014	Jun. 30, 2014	Mar. 31, 2014	Dec. 31, 2013	Sep. 30, 2013	Jun. 30, 2013	Mar. 31, 2013	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Quarterly Financial Information Disclosure [Abstract]
Revenue from Hotels	$155,934	$169,676	$147,454	$125,712	$126,768	$131,234	$126,301	$104,914	$598,776	$489,217	$380,688
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest	16,090	30,439	22,893	4,121	10,980	17,527	14,931	-246	73,543	43,192	26,508
Net Income (Loss) Attributable to Parent	15,950	30,165	22,673	4,078	10,917	17,415	14,834	-248	72,866	42,918	26,079
Net income (loss) attributable to common shareholders	$9,462	$23,737	$16,591	($2,003)	$4,836	$11,315	$8,730	($4,916)	$47,787	$19,965	$8,254
Earnings Per Share, Basic and Diluted	$0.13	$0.36	$0.26	($0.03)	$0.08	$0.18	$0.14	($0.08)

Schedule_III_Real_Estate_and_A1

Schedule III Real Estate and Accumulated Depreciation (Details) (USD $)	12 Months Ended
In Thousands, unless otherwise specified	Dec. 31, 2014		Dec. 31, 2013		Dec. 31, 2012	Dec. 31, 2011
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$489,961
Initial Cost of Land	357,680
Initial Cost of Buildings and Improvements	1,876,649
Initial Cost of Furniture Fixtures and Equipment	116,508
Costs Capitalized Subsequent to Acquisition	187,433	[1]
Gross Amount of Land	357,680
Gross Amount of Buildings and Improvements	1,992,107
Gross Amount of Furniture Fixtures and Equipment	188,483
Gross Total	2,538,270		1,849,939		1,495,167	1,163,552
Accumulated Depreciation	194,580		132,328		77,938	36,068
Net Book Value	2,343,690
Mortgage loan premium	4,026	[2]	5,888	[2]
Double Tree By Hilton Bethesda Washington Dc [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	34,575
Initial Cost of Land	10,065
Initial Cost of Buildings and Improvements	53,000
Initial Cost of Furniture Fixtures and Equipment	4,035
Costs Capitalized Subsequent to Acquisition	7,579	[1]
Gross Amount of Land	10,065
Gross Amount of Buildings and Improvements	57,466
Gross Amount of Furniture Fixtures and Equipment	7,148
Gross Total	74,679
Accumulated Depreciation	10,943
Net Book Value	63,736
Year of Original Construction	1971
Date of Acquisition	4-Jun-10
Sir Francis Drake Hotel [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Cost of Land	22,500
Initial Cost of Buildings and Improvements	60,547
Initial Cost of Furniture Fixtures and Equipment	6,953
Costs Capitalized Subsequent to Acquisition	17,223	[1]
Gross Amount of Land	22,500
Gross Amount of Buildings and Improvements	70,974
Gross Amount of Furniture Fixtures and Equipment	13,749
Gross Total	107,223
Accumulated Depreciation	16,124
Net Book Value	91,099
Year of Original Construction	1928
Date of Acquisition	22-Jun-10
Inter Continental Buckhead Hotel [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	49,320
Initial Cost of Land	25,000
Initial Cost of Buildings and Improvements	68,844
Initial Cost of Furniture Fixtures and Equipment	11,000
Costs Capitalized Subsequent to Acquisition	9,739	[1]
Gross Amount of Land	25,000
Gross Amount of Buildings and Improvements	72,826
Gross Amount of Furniture Fixtures and Equipment	16,757
Gross Total	114,583
Accumulated Depreciation	17,947
Net Book Value	96,636
Year of Original Construction	2004
Date of Acquisition	1-Jul-10
Monaco Washington D C [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	43,756
Initial Cost of Land	0
Initial Cost of Buildings and Improvements	60,630
Initial Cost of Furniture Fixtures and Equipment	2,441
Costs Capitalized Subsequent to Acquisition	5,690	[1]
Gross Amount of Land	0
Gross Amount of Buildings and Improvements	64,545
Gross Amount of Furniture Fixtures and Equipment	4,216
Gross Total	68,761
Accumulated Depreciation	9,089
Net Book Value	59,672
Year of Original Construction	1839
Date of Acquisition	9-Sep-10
The Grand Hotel Minneapolis [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Cost of Land	4,950
Initial Cost of Buildings and Improvements	26,616
Initial Cost of Furniture Fixtures and Equipment	300
Costs Capitalized Subsequent to Acquisition	9,353	[1]
Gross Amount of Land	4,950
Gross Amount of Buildings and Improvements	32,718
Gross Amount of Furniture Fixtures and Equipment	3,551
Gross Total	41,219
Accumulated Depreciation	5,669
Net Book Value	35,550
Year of Original Construction	1912
Date of Acquisition	29-Sep-10
Skamania Lodge [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	29,308
Initial Cost of Land	7,129
Initial Cost of Buildings and Improvements	44,987
Initial Cost of Furniture Fixtures and Equipment	3,523
Costs Capitalized Subsequent to Acquisition	5,190	[1]
Gross Amount of Land	7,130
Gross Amount of Buildings and Improvements	47,793
Gross Amount of Furniture Fixtures and Equipment	5,906
Gross Total	60,829
Accumulated Depreciation	8,074
Net Book Value	52,755
Year of Original Construction	1993
Date of Acquisition	3-Nov-10
Le Meridien Delfina Santa Monica Hotel [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Cost of Land	18,784
Initial Cost of Buildings and Improvements	81,580
Initial Cost of Furniture Fixtures and Equipment	2,295
Costs Capitalized Subsequent to Acquisition	11,352	[1]
Gross Amount of Land	18,784
Gross Amount of Buildings and Improvements	87,320
Gross Amount of Furniture Fixtures and Equipment	7,907
Gross Total	114,011
Accumulated Depreciation	12,777
Net Book Value	101,234
Year of Original Construction	1972
Date of Acquisition	19-Nov-10
Sofitel Philadelphia [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	46,968
Initial Cost of Land	18,000
Initial Cost of Buildings and Improvements	64,256
Initial Cost of Furniture Fixtures and Equipment	4,639
Costs Capitalized Subsequent to Acquisition	6,984	[1]
Gross Amount of Land	18,000
Gross Amount of Buildings and Improvements	68,107
Gross Amount of Furniture Fixtures and Equipment	7,772
Gross Total	93,879
Accumulated Depreciation	10,743
Net Book Value	83,136
Year of Original Construction	2000
Date of Acquisition	3-Dec-10
Argonaut Hotel [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	44,006
Initial Cost of Land	0
Initial Cost of Buildings and Improvements	79,492
Initial Cost of Furniture Fixtures and Equipment	4,247
Costs Capitalized Subsequent to Acquisition	5,125	[1]
Gross Amount of Land	0
Gross Amount of Buildings and Improvements	82,023
Gross Amount of Furniture Fixtures and Equipment	6,841
Gross Total	88,864
Accumulated Depreciation	11,490
Net Book Value	77,374
Year of Original Construction	1907
Date of Acquisition	16-Feb-11
Westin Gaslamp Quarter [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	77,155
Initial Cost of Land	25,537
Initial Cost of Buildings and Improvements	86,089
Initial Cost of Furniture Fixtures and Equipment	6,850
Costs Capitalized Subsequent to Acquisition	17,185	[1]
Gross Amount of Land	25,537
Gross Amount of Buildings and Improvements	101,698
Gross Amount of Furniture Fixtures and Equipment	8,426
Gross Total	135,661
Accumulated Depreciation	14,110
Net Book Value	121,551
Year of Original Construction	1987
Date of Acquisition	6-Apr-11
Monaco Seattle [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Cost of Land	10,105
Initial Cost of Buildings and Improvements	38,888
Initial Cost of Furniture Fixtures and Equipment	2,073
Costs Capitalized Subsequent to Acquisition	6,766	[1]
Gross Amount of Land	10,105
Gross Amount of Buildings and Improvements	41,931
Gross Amount of Furniture Fixtures and Equipment	5,796
Gross Total	57,832
Accumulated Depreciation	6,725
Net Book Value	51,107
Year of Original Construction	1969
Date of Acquisition	7-Apr-11
Mondrian Los Angeles [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Cost of Land	20,306
Initial Cost of Buildings and Improvements	110,283
Initial Cost of Furniture Fixtures and Equipment	6,091
Costs Capitalized Subsequent to Acquisition	8,361	[1]
Gross Amount of Land	20,306
Gross Amount of Buildings and Improvements	114,731
Gross Amount of Furniture Fixtures and Equipment	10,004
Gross Total	145,041
Accumulated Depreciation	14,911
Net Book Value	130,130
Year of Original Construction	1959
Date of Acquisition	3-May-11
Viceroy Miami [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Cost of Land	8,368
Initial Cost of Buildings and Improvements	24,246
Initial Cost of Furniture Fixtures and Equipment	3,723
Costs Capitalized Subsequent to Acquisition	2,780	[1]
Gross Amount of Land	8,368
Gross Amount of Buildings and Improvements	25,153
Gross Amount of Furniture Fixtures and Equipment	5,596
Gross Total	39,117
Accumulated Depreciation	5,610
Net Book Value	33,507
Year of Original Construction	2009
Date of Acquisition	26-May-11
W Boston [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Cost of Land	19,453
Initial Cost of Buildings and Improvements	63,893
Initial Cost of Furniture Fixtures and Equipment	5,887
Costs Capitalized Subsequent to Acquisition	3,497	[1]
Gross Amount of Land	19,453
Gross Amount of Buildings and Improvements	65,765
Gross Amount of Furniture Fixtures and Equipment	7,512
Gross Total	92,730
Accumulated Depreciation	10,536
Net Book Value	82,194
Year of Original Construction	2009
Date of Acquisition	8-Jun-11
Hotel Zetta [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Cost of Land	7,294
Initial Cost of Buildings and Improvements	22,166
Initial Cost of Furniture Fixtures and Equipment	290
Costs Capitalized Subsequent to Acquisition	14,805	[1]
Gross Amount of Land	7,294
Gross Amount of Buildings and Improvements	33,454
Gross Amount of Furniture Fixtures and Equipment	3,807
Gross Total	44,555
Accumulated Depreciation	3,462
Net Book Value	41,093
Year of Original Construction	1913
Date of Acquisition	4-Apr-12
Vintage Park Seattle [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Cost of Land	8,170
Initial Cost of Buildings and Improvements	23,557
Initial Cost of Furniture Fixtures and Equipment	706
Costs Capitalized Subsequent to Acquisition	6,584	[1]
Gross Amount of Land	8,170
Gross Amount of Buildings and Improvements	28,001
Gross Amount of Furniture Fixtures and Equipment	2,846
Gross Total	39,017
Accumulated Depreciation	2,174
Net Book Value	36,843
Year of Original Construction	1922
Date of Acquisition	9-Jul-12
Vintage Plaza Portland [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Cost of Land	6,222
Initial Cost of Buildings and Improvements	23,012
Initial Cost of Furniture Fixtures and Equipment	1,093
Costs Capitalized Subsequent to Acquisition	8,310	[1]
Gross Amount of Land	6,222
Gross Amount of Buildings and Improvements	27,896
Gross Amount of Furniture Fixtures and Equipment	4,519
Gross Total	38,637
Accumulated Depreciation	2,600
Net Book Value	36,037
Year of Original Construction	1894
Date of Acquisition	9-Jul-12
W Los Angeles - Westwood [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Cost of Land	24,403
Initial Cost of Buildings and Improvements	93,203
Initial Cost of Furniture Fixtures and Equipment	3,600
Costs Capitalized Subsequent to Acquisition	14,955	[1]
Gross Amount of Land	24,403
Gross Amount of Buildings and Improvements	102,038
Gross Amount of Furniture Fixtures and Equipment	9,720
Gross Total	136,161
Accumulated Depreciation	7,807
Net Book Value	128,354
Year of Original Construction	1969
Date of Acquisition	23-Aug-12
Hotel Palomar San Francisco [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	26,461	[3]
Initial Cost of Land	0
Initial Cost of Buildings and Improvements	63,430
Initial Cost of Furniture Fixtures and Equipment	3,780
Costs Capitalized Subsequent to Acquisition	6,920	[1]
Gross Amount of Land	0
Gross Amount of Buildings and Improvements	67,996
Gross Amount of Furniture Fixtures and Equipment	6,134
Gross Total	74,130
Accumulated Depreciation	6,087
Net Book Value	68,043
Year of Original Construction	1907
Date of Acquisition	25-Oct-12
Mortgage loan premium	1,400
Embassy Suites San Diego [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	64,462	[4]
Initial Cost of Land	20,103
Initial Cost of Buildings and Improvements	90,162
Initial Cost of Furniture Fixtures and Equipment	6,881
Costs Capitalized Subsequent to Acquisition	8,471	[1]
Gross Amount of Land	20,103
Gross Amount of Buildings and Improvements	97,344
Gross Amount of Furniture Fixtures and Equipment	8,170
Gross Total	125,617
Accumulated Depreciation	6,882
Net Book Value	118,735
Year of Original Construction	1988
Date of Acquisition	29-Jan-13
Mortgage loan premium	2,000
Redbury Hotel [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Cost of Land	8,057
Initial Cost of Buildings and Improvements	24,833
Initial Cost of Furniture Fixtures and Equipment	1,000
Costs Capitalized Subsequent to Acquisition	949	[1]
Gross Amount of Land	8,057
Gross Amount of Buildings and Improvements	25,513
Gross Amount of Furniture Fixtures and Equipment	1,269
Gross Total	34,839
Accumulated Depreciation	1,112
Net Book Value	33,727
Year of Original Construction	2008
Date of Acquisition	8-Aug-13
Hotel Modera [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	23,225	[5]
Initial Cost of Land	8,215
Initial Cost of Buildings and Improvements	37,874
Initial Cost of Furniture Fixtures and Equipment	1,500
Costs Capitalized Subsequent to Acquisition	1,086	[1]
Gross Amount of Land	8,214
Gross Amount of Buildings and Improvements	38,445
Gross Amount of Furniture Fixtures and Equipment	2,016
Gross Total	48,675
Accumulated Depreciation	2,051
Net Book Value	46,624
Year of Original Construction	1962
Date of Acquisition	28-Aug-13
Mortgage loan premium	300
Radisson Hotel Fisherman's Wharf [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Cost of Land	0
Initial Cost of Buildings and Improvements	116,445
Initial Cost of Furniture Fixtures and Equipment	3,550
Costs Capitalized Subsequent to Acquisition	8,182	[1]
Gross Amount of Land	0
Gross Amount of Buildings and Improvements	119,575
Gross Amount of Furniture Fixtures and Equipment	8,602
Gross Total	128,177
Accumulated Depreciation	4,449
Net Book Value	123,728
Year of Original Construction	1964
Date of Acquisition	9-Dec-13
The Prescott Hotel [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Cost of Land	12,561
Initial Cost of Buildings and Improvements	43,665
Initial Cost of Furniture Fixtures and Equipment	1,094
Costs Capitalized Subsequent to Acquisition	193	[1]
Gross Amount of Land	12,561
Gross Amount of Buildings and Improvements	43,768
Gross Amount of Furniture Fixtures and Equipment	1,184
Gross Total	57,513
Accumulated Depreciation	743
Net Book Value	56,770
Year of Original Construction	1913
Date of Acquisition	22-May-14
The Nines Hotel Portland [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	50,725	[6]
Initial Cost of Land	18,493
Initial Cost of Buildings and Improvements	92,339
Initial Cost of Furniture Fixtures and Equipment	8,757
Costs Capitalized Subsequent to Acquisition	132	[1]
Gross Amount of Land	18,493
Gross Amount of Buildings and Improvements	92,415
Gross Amount of Furniture Fixtures and Equipment	8,813
Gross Total	119,721
Accumulated Depreciation	1,631
Net Book Value	118,090
Year of Original Construction	1909
Date of Acquisition	17-Jul-14
Mortgage loan premium	300
Westin Colonnade Coral Gables [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Cost of Land	12,108
Initial Cost of Buildings and Improvements	46,317
Initial Cost of Furniture Fixtures and Equipment	1,271
Costs Capitalized Subsequent to Acquisition	20	[1]
Gross Amount of Land	12,108
Gross Amount of Buildings and Improvements	46,317
Gross Amount of Furniture Fixtures and Equipment	1,291
Gross Total	59,716
Accumulated Depreciation	184
Net Book Value	59,532
Year of Original Construction	1989
Date of Acquisition	12-Nov-14
Hotel Palomar LA-Westwood [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Cost of Land	0
Initial Cost of Buildings and Improvements	90,675
Initial Cost of Furniture Fixtures and Equipment	1,500
Costs Capitalized Subsequent to Acquisition	0	[1]
Gross Amount of Land	0
Gross Amount of Buildings and Improvements	90,675
Gross Amount of Furniture Fixtures and Equipment	1,500
Gross Total	92,175
Accumulated Depreciation	283
Net Book Value	91,892
Year of Original Construction	1972
Date of Acquisition	20-Nov-14
Union Station Hotel Nashville [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Cost of Land	0
Initial Cost of Buildings and Improvements	37,803
Initial Cost of Furniture Fixtures and Equipment	6,833
Costs Capitalized Subsequent to Acquisition	0	[1]
Gross Amount of Land	0
Gross Amount of Buildings and Improvements	37,803
Gross Amount of Furniture Fixtures and Equipment	6,833
Gross Total	44,636
Accumulated Depreciation	114
Net Book Value	44,522
Year of Original Construction	1900
Date of Acquisition	10-Dec-14
Revere Hotel Boston [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Cost of Land	41,857
Initial Cost of Buildings and Improvements	207,817
Initial Cost of Furniture Fixtures and Equipment	10,596
Costs Capitalized Subsequent to Acquisition	2	[1]
Gross Amount of Land	41,857
Gross Amount of Buildings and Improvements	207,817
Gross Amount of Furniture Fixtures and Equipment	10,598
Gross Total	260,272
Accumulated Depreciation	253
Net Book Value	$260,019
Year of Original Construction	1972
Date of Acquisition	18-Dec-14
Minimum [Member] | Double Tree By Hilton Bethesda Washington Dc [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Depreciation Life	3 years
Minimum [Member] | Sir Francis Drake Hotel [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Depreciation Life	1 year
Minimum [Member] | Inter Continental Buckhead Hotel [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Depreciation Life	3 years
Minimum [Member] | Monaco Washington D C [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Depreciation Life	3 years
Minimum [Member] | The Grand Hotel Minneapolis [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Depreciation Life	1 year
Minimum [Member] | Skamania Lodge [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Depreciation Life	3 years
Minimum [Member] | Le Meridien Delfina Santa Monica Hotel [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Depreciation Life	1 year
Minimum [Member] | Sofitel Philadelphia [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Depreciation Life	3 years
Minimum [Member] | Argonaut Hotel [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Depreciation Life	3 years
Minimum [Member] | Westin Gaslamp Quarter [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Depreciation Life	1 year
Minimum [Member] | Monaco Seattle [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Depreciation Life	3 years
Minimum [Member] | Mondrian Los Angeles [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Depreciation Life	3 years
Minimum [Member] | Viceroy Miami [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Depreciation Life	1 year
Minimum [Member] | W Boston [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Depreciation Life	2 years
Minimum [Member] | Hotel Zetta [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Depreciation Life	1 year
Minimum [Member] | Vintage Park Seattle [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Depreciation Life	1 year
Minimum [Member] | Vintage Plaza Portland [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Depreciation Life	1 year
Minimum [Member] | W Los Angeles - Westwood [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Depreciation Life	1 year
Minimum [Member] | Hotel Palomar San Francisco [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Depreciation Life	1 year
Minimum [Member] | Embassy Suites San Diego [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Depreciation Life	1 year
Minimum [Member] | Redbury Hotel [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Depreciation Life	3 years
Minimum [Member] | Hotel Modera [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Depreciation Life	1 year
Minimum [Member] | Radisson Hotel Fisherman's Wharf [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Depreciation Life	1 year
Minimum [Member] | The Prescott Hotel [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Depreciation Life	3 years
Minimum [Member] | The Nines Hotel Portland [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Depreciation Life	3 years
Minimum [Member] | Westin Colonnade Coral Gables [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Depreciation Life	7 years
Minimum [Member] | Hotel Palomar LA-Westwood [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Depreciation Life	7 years
Minimum [Member] | Union Station Hotel Nashville [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Depreciation Life	7 years
Minimum [Member] | Revere Hotel Boston [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Depreciation Life	7 years
Maximum [Member] | Double Tree By Hilton Bethesda Washington Dc [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Depreciation Life	40 years
Maximum [Member] | Sir Francis Drake Hotel [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Depreciation Life	40 years
Maximum [Member] | Inter Continental Buckhead Hotel [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Depreciation Life	40 years
Maximum [Member] | Monaco Washington D C [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Depreciation Life	40 years
Maximum [Member] | The Grand Hotel Minneapolis [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Depreciation Life	40 years
Maximum [Member] | Skamania Lodge [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Depreciation Life	40 years
Maximum [Member] | Le Meridien Delfina Santa Monica Hotel [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Depreciation Life	40 years
Maximum [Member] | Sofitel Philadelphia [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Depreciation Life	40 years
Maximum [Member] | Argonaut Hotel [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Depreciation Life	40 years
Maximum [Member] | Westin Gaslamp Quarter [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Depreciation Life	40 years
Maximum [Member] | Monaco Seattle [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Depreciation Life	40 years
Maximum [Member] | Mondrian Los Angeles [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Depreciation Life	40 years
Maximum [Member] | Viceroy Miami [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Depreciation Life	40 years
Maximum [Member] | W Boston [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Depreciation Life	40 years
Maximum [Member] | Hotel Zetta [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Depreciation Life	40 years
Maximum [Member] | Vintage Park Seattle [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Depreciation Life	40 years
Maximum [Member] | Vintage Plaza Portland [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Depreciation Life	40 years
Maximum [Member] | W Los Angeles - Westwood [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Depreciation Life	40 years
Maximum [Member] | Hotel Palomar San Francisco [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Depreciation Life	40 years
Maximum [Member] | Embassy Suites San Diego [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Depreciation Life	40 years
Maximum [Member] | Redbury Hotel [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Depreciation Life	40 years
Maximum [Member] | Hotel Modera [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Depreciation Life	40 years
Maximum [Member] | Radisson Hotel Fisherman's Wharf [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Depreciation Life	40 years
Maximum [Member] | The Prescott Hotel [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Depreciation Life	40 years
Maximum [Member] | The Nines Hotel Portland [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Depreciation Life	40 years
Maximum [Member] | Westin Colonnade Coral Gables [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Depreciation Life	40 years
Maximum [Member] | Hotel Palomar LA-Westwood [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Depreciation Life	40 years
Maximum [Member] | Union Station Hotel Nashville [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Depreciation Life	40 years
Maximum [Member] | Revere Hotel Boston [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Depreciation Life	40 years
[1]	Disposals are reflected as reductions to cost capitalized subsequent to acquisition.
[2]	Loan premiums on assumed mortgages recorded in purchase accounting for the Hotel Palomar San Francisco, Embassy Suites San Diego Bay - Downtown, Hotel Modera and The Nines, a Luxury Collection Hotel, Portland.
[3]	Encumbrance on the Hotel Palomar San Francisco is presented at face value, which excludes loan premium of $1.4 million at December 31, 2014.
[4]	Encumbrance on the Embassy Suites San Diego Bay-Downtown is presented at face value, which excludes loan premium of $2.0 million at December 31, 2014.
[5]	Encumbrance on the Hotel Modera is presented at face value, which excludes loan premium of $0.3 million at December 31, 2014.
[6]	Encumbrance on the The Nines, a Luxury Collection Hotel, Portland is presented at face value, which excludes loan premium of $0.3 million at December 31, 2014.

Schedule_III_Real_Estate_and_A2

Schedule III Real Estate and Accumulated Depreciation Details 1 (Details) (USD $)	12 Months Ended
In Thousands, unless otherwise specified	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
SEC Schedule III, Real Estate and Accumulated Depreciation Disclosure [Abstract]
Balance	$2,538,270	$1,849,939	$1,495,167	$1,163,552
Acquisitions	633,687	318,619	280,927
Capital Expenditures	59,090	38,153	50,688
Disposal of Assets	-4,446	-2,000
Balance	194,580	132,328	77,938	36,068
Depreciation Expense	66,698	54,511	41,870
Disposal of Assets	($4,446)	($121)