RLJ Lodging Trust (RLJ) 10-K 26 Feb 15 2014 FY Annual report Financial data

Document_and_Entity_Informatio

Document and Entity Information (USD $)	12 Months Ended
	Dec. 31, 2014	Feb. 18, 2015	Jun. 30, 2014
Document and Entity Information
Entity Registrant Name	RLJ Lodging Trust
Entity Central Index Key	1511337
Current Fiscal Year End Date	-19
Entity Filer Category	Large Accelerated Filer
Document Type	10-K
Document Period End Date	31-Dec-14
Document Fiscal Year Focus	2014
Document Fiscal Period Focus	FY
Amendment Flag	FALSE
Entity Common Stock, Shares Outstanding		131,930,364
Entity Well-known Seasoned Issuer	Yes
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Public Float			$3,707,668,584

Combined_Consolidated_Balance_

Combined Consolidated Balance Sheets (USD $)	Dec. 31, 2014	Dec. 31, 2013
In Thousands, unless otherwise specified
Assets
Investment in hotel and other properties, net	$3,518,803	$3,241,163
Cash and cash equivalents	262,458	332,248
Restricted cash reserves	63,054	62,430
Hotel and other receivables, net of allowance of $166 and $234, respectively	25,691	22,762
Deferred financing costs, net	11,421	11,599
Deferred income tax asset	7,502	2,529
Purchase deposits	0	7,246
Prepaid expense and other assets	42,115	37,997
Assets Held-for-sale, Property, Plant and Equipment	197,335
Total assets	4,128,379	3,717,974
Liabilities and Equity
Mortgage loans	532,747	559,665
Term loans	1,025,000	850,000
Accounts payable and other liabilities	129,388	115,011
Deferred income tax liability	7,879	3,548
Advance deposits and deferred revenue	9,984	9,851
Accrued interest	2,783	2,695
Distributions payable	42,114	30,870
Total liabilities	1,749,895	1,571,640
Commitments and Contingencies (Note 9)
Shareholders’ equity:
Preferred shares of beneficial interest, $0.01 par value, 50,000,000 shares authorized; zero shares issued and outstanding at December 31, 2014 and 2013, respectively.	0	0
Common shares of beneficial interest, $0.01 par value, 450,000,000 shares authorized; 131,964,706 and 122,640,042 shares issued and outstanding at December 31, 2014 and 2013, respectively.	1,319	1,226
Additional paid-in-capital	2,419,731	2,178,004
Accumulated other comprehensive loss	-13,644	-5,941
Distributions in excess of net earnings	-46,415	-45,522
Total shareholders’ equity	2,360,991	2,127,767
Noncontrolling interest:
Noncontrolling interest in joint venture	6,295	7,306
Noncontrolling interest in Operating Partnership	11,198	11,261
Total noncontrolling interest	17,493	18,567
Total equity	2,378,484	2,146,334
Total liabilities and equity	$4,128,379	$3,717,974

Combined_Consolidated_Balance_1

Combined Consolidated Balance Sheets (Parenthetical) (USD $)	Dec. 31, 2014	Dec. 31, 2013
In Thousands, except Share data, unless otherwise specified
Hotel and other receivables, allowance (in dollars)	$234	$194
Preferred shares of beneficial interest, par value (in dollars per share)	$0.01	$0.01
Preferred shares of beneficial interest, shares authorized	50,000,000	50,000,000
Preferred shares of beneficial interest, shares issued	0	0
Preferred shares of beneficial interest, shares outstanding	0	0
Common shares of beneficial interest, par value (in dollars per share)	$0.01	$0.01
Common shares of beneficial interest, shares authorized	450,000,000	450,000,000
Common shares of beneficial interest, shares issued	122,640,042	106,565,516
Common shares of beneficial interest, shares outstanding	122,640,042	106,565,516

Combined_Consolidated_Statemen

Combined 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
Operating revenue
Room revenue	$969,402	$844,741	$738,207
Food and beverage revenue	107,538	97,083	87,549
Other operating department revenue	32,257	28,556	23,929
Total revenue	1,109,197	970,380	849,685
Operating expense
Room expense	213,071	186,667	162,039
Food and beverage expense	75,468	67,945	60,427
Management fee expense	43,230	34,956	29,906
Other operating expense	314,576	285,539	256,565
Total property operating expense	646,345	575,107	508,937
Depreciation and amortization	144,294	127,231	126,340
Impairment of Real Estate	9,200	0	896
Property tax, insurance and other	71,443	63,627	52,745
General and administrative	41,671	35,466	31,086
Transaction and pursuit costs	4,850	4,410	3,520
Total operating expense	917,803	805,841	722,628
Operating income	191,394	164,539	127,057
Other income	807	903	433
Interest income	1,881	1,665	1,664
Interest expense	-56,810	-64,348	-83,689
Loss on disposal	0	0	-634
Gain on foreclosure	0	4,863	0
Income from continuing operations before income tax expense	137,272	107,622	44,831
Income tax expense	-1,145	-879	-1,369
Income from continuing operations	136,127	106,743	43,462
Income (loss) from discontinued operations	0	7,436	-2,143
Disposal Group, Not Discontinued Operation, Gain (Loss) on Disposal	353
Net income	136,480	114,179	41,319
Net (income) loss attributable to noncontrolling interests
Noncontrolling Interest in Net Income (Loss) Joint Venture Partners, Redeemable	171	540	-404
Noncontrolling Interest in Net Income (Loss) Operating Partnerships, Redeemable	868	718	425
Net income attributable to common shareholders	135,441	112,921	41,298
Basic per common share data:
Net income (loss) per share attributable to common shareholders before discontinued operations (in dollars per share)	$1.06	$0.89	$0.40
Discontinued operations (in dollars per share)	$0	$0.06	($0.02)
Net income per share attributable to common shareholders (in dollars per share)	$1.06	$0.95	$0.38
Weighted-average number of common shares (in shares)	127,360,669	117,950,066	105,423,604
Diluted per common share data:
Income from continuing operations (in dollars per share)	$1.05	$0.88	$0.40
Discontinued operations (in dollars per share)	$0	$0.06	($0.02)
Net income per share attributable to common shareholders (in dollars per share)	$1.05	$0.94	$0.38
Diluted weighted average common shares outstanding	128,293,843	118,738,626	105,748,686
Amounts attributable to the Company’s common shareholders:
Income from continuing operations	135,090	105,539	43,423
Income (loss) from discontinued operations	0	7,382	-2,125
Net income attributable to common shareholders	135,441	112,921	41,298
Comprehensive income
Net income	136,480	114,179	41,319
Other Comprehensive Income (Loss), Derivatives Qualifying as Hedges, Net of Tax, Portion Attributable to Parent	-7,703	-5,941	1,782
Comprehensive income	128,777	108,238	43,101
Comprehensive (income) loss attributable to the noncontrolling interest in consolidated joint venture	-171	-540	404
Comprehensive income attributable to the noncontrolling interest in the Operating Partnership	-868	-718	-425
Comprehensive income attributable to the Company	$127,738	$106,980	$43,080

Combined_Consolidated_Statemen1

Combined Consolidated Statements of Changes in Equity (USD $)	Total	Common Stock	Additional Paid-in-Capital	Distributions in excess of net earnings	Accumulated Other Comprehensive Income	Total Noncontrolling Interests	Operating Partnership	Consolidated Joint Venture
In Thousands, except Share data, unless otherwise specified
Balance at Dec. 31, 2011	$1,833,988	$1,063	$1,835,011	($18,960)	($1,782)	$18,656	$11,486	$7,170
Balance (in shares) at Dec. 31, 2011		106,279,049
Increase (Decrease) in Owners' Equity
Net income (loss)	41,319			41,298		21	425	-404
Unrealized gain on interest rate derivatives	1,782
Issuance of restricted stock		4	-4
Issuance of restricted stock (in shares)		436,646
Amortization of share based compensation-	8,626		8,626
Share grants to trustees	160		160
Share grants to trustees (in shares)		8,530
Shares acquired to satisfy statutory minimum federal and state tax obligations on vesting restricted stock	-2,345	-1	-2,344
Shares acquired to satisfy minimum required federal and state tax withholding on vesting restricted stock (in shares)		-131,831
Forfeiture of restricted stock (in shares)		-26,878
Distributions on common shares and units	-75,619			-75,019		-600	-600
Other Comprehensive Income (Loss), Derivatives Qualifying as Hedges, Net of Tax, Portion Attributable to Parent	1,782
Balance at Dec. 31, 2012	1,807,911	1,066	1,841,449	-52,681	0	18,077	11,311	6,766
Balance (in shares) at Dec. 31, 2012		106,565,516
Increase (Decrease) in Owners' Equity
Net income (loss)	114,179			112,921		1,258	718	540
Unrealized gain on interest rate derivatives	-5,941
Proceeds from sale of common stock, net (in shares)		15,870,000
Proceeds from sale of common stock, net-	327,547	159	327,388
Issuance of restricted stock		3	-3
Issuance of restricted stock (in shares)		377,830
Amortization of share based compensation-	13,078		13,078
Share grants to trustees	124		124
Share grants to trustees (in shares)		5,357
Shares acquired to satisfy statutory minimum federal and state tax obligations on vesting restricted stock	-4,034	-2	-4,032
Shares acquired to satisfy minimum required federal and state tax withholding on vesting restricted stock (in shares)		-173,409
Forfeiture of restricted stock (in shares)		-5,252
Distributions on common shares and units	-106,530			-105,762		-768	-768
Other Comprehensive Income (Loss), Derivatives Qualifying as Hedges, Net of Tax, Portion Attributable to Parent	-5,941
Balance at Dec. 31, 2013	2,146,334	1,226	2,178,004	-45,522	-5,941	18,567	11,261	7,306
Balance (in shares) at Dec. 31, 2013		122,640,042
Increase (Decrease) in Owners' Equity
Net income (loss)	136,480			135,441		1,039	868	171
Unrealized gain on interest rate derivatives	-7,703
Proceeds from sale of common stock, net (in shares)		9,200,000
Proceeds from sale of common stock, net-	232,712	92	232,620
Issuance of restricted stock		3	-3
Issuance of restricted stock (in shares)		343,887
Amortization of share based compensation-	15,088		15,088
Share grants to trustees	127		127
Share grants to trustees (in shares)		4,347
Shares acquired to satisfy statutory minimum federal and state tax obligations on vesting restricted stock	-6,107	-2	-6,105
Shares acquired to satisfy minimum required federal and state tax withholding on vesting restricted stock (in shares)		-211,983
Forfeiture of restricted stock (in shares)		-11,587
Distributions to JV partner	-1,182							-1,182
Distributions on common shares and units	-137,265			-136,334		-931	-931
Other Comprehensive Income (Loss), Derivatives Qualifying as Hedges, Net of Tax, Portion Attributable to Parent	-7,703
Balance at Dec. 31, 2014	$2,378,484	$1,319	$2,419,731	($46,415)	($13,644)	$17,493	$11,198	$6,295
Balance (in shares) at Dec. 31, 2014		131,964,706

Combined_Consolidated_Statemen2

Combined Consolidated Statements of Cash Flows (USD $)	12 Months Ended
In Thousands, unless otherwise specified	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Cash flows from operating activities:
Net income	$136,480	$114,179	$41,319
Adjustments to reconcile net income to cash flow provided by operating activities:
Gain on extinguishment of indebtedness	0	-5,708	0
Provision for Other Losses	804
Gain on sale of property	-353	-2,081	0
Gain on foreclosure	0	-4,863	0
Depreciation and amortization	144,294	127,430	126,798
Amortization of deferred financing costs	4,298	4,484	5,452
Amortization of deferred management fees	954	1,128	1,000
Accretion of interest income on investment in loans	-248	-513	0
Impairment loss	9,200	0	896
Loss on disposal	0	0	634
Share grants to trustees	127	124	160
Amortization of share based compensation	15,088	13,078	8,626
Deferred income taxes	-642	-839	-87
Changes in assets and liabilities:
Hotel and other receivables, net	-2,122	716	-2,493
Prepaid expense and other assets	-3,513	2,924	-5,851
Accounts payable and other liabilities	-5,096	-114	-3,992
Advance deposits and deferred revenue	-526	1,030	3,503
Accrued interest	88	411	169
Net cash flow provided by operating activities	298,833	251,386	176,134
Net cash flow provided by operating activities
Cash flows from investing activities:	-631,640	-208,195	-247,049
Payments for Application of Purchase Deposit	7,246	2,664
Purchase deposits, net			-9,910
Proceeds from principal payments on investment in loans	0	0	207
Improvements and additions to hotel and other properties	-118,787	-61,077	-129,235
Additions to property and equipment	-47	-185	-342
Proceeds from sale of property	132,669	2,369	0
Releases from restricted cash reserves, net	-624	2,357	22,501
Net cash flow used in investing activities	-611,183	-262,067	-363,828
Net cash flow used in investing activities
Borrowings under revolving credit facility	292,500	205,500	101,000
Repayments under revolving credit facility	-292,500	-221,500	-85,000
Borrowings on term loans	175,000	450,000	400,000
Proceeds from mortgage loans	143,000	150,000	85,000
Payment of mortgage principal	-170,722	-577,441	-429,084
Repurchase of common shares	-6,107	-4,034	-2,345
Distributions on common shares	-125,143	-97,316	-68,752
Distributions on Operating Partnership units	-878	-736	-551
Payment of deferred financing costs	-4,120	-4,952	-6,944
Distributions to noncontrolling interest	-1,182	0	0
Proceeds from issuance of common shares	232,712	327,547	0
Net cash flow provided by (used in) financing activities	242,560	227,068	-6,676
Net change in cash and cash equivalents	-69,790	216,387	-194,370
Cash and cash equivalents, beginning of period	332,248	115,861	310,231
Cash and cash equivalents, end of period	$262,458	$332,248	$115,861

Organization

Organization	12 Months Ended
	Dec. 31, 2014
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Organization	Organization
	RLJ Lodging Trust (the "Company") was formed as a Maryland real estate investment trust ("REIT") on January 31, 2011. The Company is a self-advised and self-administered REIT that acquires primarily premium-branded, focused-service and compact full-service hotels.
	Substantially all of the Company’s assets are held by, and all of its operations are conducted through RLJ Lodging Trust, L.P. (the "Operating Partnership"). The Company is the sole general partner of the Operating Partnership. As of December 31, 2014, there were 132,858,706 units of limited partnership interest in the Operating Partnership (“OP units”) outstanding and the Company owned, through a combination of direct and indirect interests, 99.3% of the outstanding OP units. The Company qualified and elected to be taxed as a REIT, for U.S. federal income tax purposes, commencing with the portion of its taxable year ending December 31, 2011.
	As of December 31, 2014, the Company owned 146 properties, comprised of 144 hotels with approximately 22,900 rooms and two planned hotel conversions, located in 21 states and the District of Columbia and an interest in one mortgage loan secured by a hotel.  The Company, through wholly-owned subsidiaries, owned a 100% interest in all of its properties, with the exception of the DoubleTree Metropolitan Hotel New York City, in which the Company, through wholly-owned subsidiaries, owned a 98.1% controlling interest in a joint venture, DBT Met Hotel Venture, LP, which was formed to engage in hotel operations related to this hotel. An independent operator manages each property.

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 and Principles of Consolidation
	The consolidated financial statements have been prepared on the accrual basis of accounting in accordance with accounting principles generally accepted in the United States of America ("GAAP").
	The consolidated financial statements include the accounts of the Company, the Operating Partnership and its wholly-owned subsidiaries, including joint ventures. All intercompany balances have been eliminated in consolidation.
	Use of Estimates
	The preparation of the Company’s financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of certain assets and liabilities and the amounts of contingent assets and liabilities at the balance sheet date and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.
	Reporting Periods
	As of December 31, 2014, the Company owned five hotels that were managed by affiliates of Marriott International (“Marriott”).  Beginning January 1, 2013, the Company’s hotels managed by Marriott were accounted for on a calendar year basis.  Prior to January 1, 2013, the Company’s hotels managed by Marriott were accounted for on a fiscal year comprised of 52 or 53 weeks ending on the Friday closest to December 31. The Company’s results for the years ended December 31, 2012 include the results of operations for the Company’s Marriott-managed hotels for the 52-week period ended December 28, 2012.
	Risks and Uncertainties
	During the last economic recession, the Company experienced reduced demand for its hotel rooms and services. While uncertainty over the expected economic growth may impact the lodging industry and the Company's financial results and growth, the Company remains cautiously optimistic that its future financial results and growth will benefit from current economic conditions and favorable lodging fundamentals.
	At December 31, 2014, the Company owned hotels located in the New York, New York, Chicago, Illinois, Austin, Texas, Denver-Boulder, Colorado, Houston, Texas, and the Baltimore, Maryland-Washington, D.C. metropolitan areas that accounted for 13.7%, 10.0% and 8.3%, 7.3%, 5.7%, and 5.2%, respectively, of our total revenue. As a result, the Company is susceptible to adverse market conditions in these areas, including industry downturns, relocation of businesses and any oversupply of hotel rooms or a reduction in lodging demand.
	At December 31, 2014, the Company owned 93, 31 and 15 hotels that operate under Marriott, Hilton and Hyatt brands, respectively. As a result, the Company is subject to the potential risks associated with the concentration of its hotels under a limited number of brands. A negative public image or other adverse event that becomes associated with either of these brands could adversely affect hotels operated under the respective brand. If any of these brands suffers a significant decline in appeal to the traveling public, the revenues and profitability of the Company's branded hotels could be adversely affected.
	The Company owns 93 hotels that are managed by White Lodging Services Corporation ("WLS"). As a result, the Company is subject to the potential risks associated with the concentration of the majority of our hotels under a single management company. A negative public image or other adverse event that becomes associated with or impacts WLS could adversely affect the revenues and profitability of hotels that are managed by them.
	Reclassifications
	Certain prior year amounts in these financial statements have been reclassified to conform to the current year presentation with no impact to net income, shareholders’ equity or cash flows.
	Revenue Recognition
	The Company’s revenue comprises hotel operating revenue, such as room revenue, food and beverage revenue and revenue from other hotel operating departments (such as telephone, parking and other guest services). These revenues are recorded net of any sales and occupancy taxes collected from guests. All rebates or discounts are recorded as a reduction in revenue, and there are no material contingent obligations with respect to rebates and discounts offered by the hotels. All revenues are recorded on an accrual basis as earned. Appropriate allowances are made for doubtful accounts and are recorded as bad debt expenses. The allowances are calculated as a percentage of aged accounts receivable.  Cash received prior to guest arrival is recorded as an advance from the guest and recognized as revenue at the time of occupancy.
	Incentive payments received pursuant to entry into management agreements are deferred and amortized into income over the life of the respective agreements.  In May 2012, the Company received an incentive payment of $4.0 million related to purchasing a hotel and entering into a franchise agreement, which is being recognized over the remaining term of the franchise agreement.  As of December 31, 2014, there was approximately $3.7 million remaining to be recognized.
	Fair Value of Financial Instruments
	The estimated fair values of financial instruments have been determined by the Company using available market information and appropriate valuation methods.  Considerable judgment is required in interpreting market data to develop the estimates of fair value.  Accordingly, the estimates presented herein are not necessarily indicative of the amounts that the Company could realize in a current market exchange.  The use of different market assumptions and/or estimation methods may have a material effect on the estimated fair value amounts.
	Investment in Hotels and Other Properties
	The Company’s acquisitions generally consist of land, land improvements, buildings, building improvements, furniture, fixtures and equipment ("FF&E"), and inventory. The Company may also acquire intangibles related to in-place leases, management agreements and franchise agreements when properties are acquired.  The Company allocates the purchase price among the assets acquired and liabilities assumed based on their respective fair values. Transaction costs are expensed for acquisitions that are considered business combinations and capitalized for asset acquisitions.
	The Company’s investments in hotels and other properties are carried at cost and are depreciated using the straight-line method over estimated useful lives of 15 years for land improvements, 15 years for building improvements, 40 years for buildings and three to five years for FF&E. Intangibles arising from acquisitions are amortized using the straight-line method over the non-cancelable portion of the term of the agreement.  Maintenance and repairs are expensed and major renewals or improvements are capitalized. Interest used to finance real estate under development is capitalized as an additional cost of development. Upon the sale or disposition of a property, the asset and related accumulated depreciation are removed from the accounts and the related gain or loss is included in gain or loss on disposal of hotel properties. Gain or loss from dispositions representing a strategic shift that had or will have a major effect on operations and final results will be presented as discontinued operations.
	In accordance with the guidance on impairment or disposal of long-lived assets, the Company does not consider "held for sale" classification until it is probable that the sale will be completed within one year and the other requisite criteria for such classification have been met. The Company does not depreciate properties so long as they are classified as held for sale. Upon designation as held for sale and quarterly thereafter, the Company reviews the realizability of the carrying value, less cost to sell, in accordance with the guidance. Any such adjustment in the carrying value is reflected as an impairment charge.
	The Company assesses carrying value whenever events or changes in circumstances indicate that the carrying amounts may not be fully recoverable. Recoverability is measured by comparison of the carrying amount to the estimated future undiscounted cash flows which take into account current market conditions and the Company’s intent with respect to holding or disposing of properties. If the Company’s analysis indicates that the carrying value is not recoverable on an undiscounted cash flow basis, it recognizes an impairment charge for the amount by which the carrying value exceeds the fair value. Fair value is determined through various valuation techniques, including internally developed discounted cash flow models, comparable market transactions and third party appraisals, where considered necessary.
	The use of projected future cash flows is based on assumptions that are consistent with a market participant’s future expectations for the travel industry and economy in general and the Company’s expected use of the underlying properties.  The assumptions and estimates about future cash flows and capitalization rates are complex and subjective.  Changes in economic and operating conditions that occur subsequent to a current impairment analysis and the Company’s ultimate use of the properties could impact these assumptions and result in future impairment charges with respect to the properties.
	Cash and Cash Equivalents
	All highly liquid investments with a maturity of three months or less when purchased are considered to be cash equivalents. The Company maintains cash balances in domestic banks, which, at times, may exceed the limits of amounts insured by the Federal Deposit Insurance Corporation.
	Restricted Cash Reserves
	All cash that is required to be maintained in a reserve escrow account by a management agreement, franchise agreement and/or a mortgage agreement for replacement of furniture, fixtures and equipment and funding of real estate taxes and insurance is considered to be restricted cash reserves.
	Hotel Receivables
	Hotel receivables consist mainly of hotel guest and meeting and banquet room rental receivables. The Company does not generally require collateral, as ongoing credit evaluations are performed and an allowance for doubtful accounts is established against any receivable that is estimated to be uncollectible.
	Deferred Financing Fees
	Deferred financing fees relate to costs incurred to obtain long-term financing. Deferred financing fees are recorded at cost and are amortized using the straight-line method, which approximates the effective interest method, over the respective terms of the financing agreement, as applicable (see Note 6) and are included as a component of interest expense. The Company expenses unamortized deferred financing fees when the associated financing agreement is refinanced or repaid before maturity, unless criteria are met that would allow for the carryover of such costs to the refinanced agreement. For the years ended December 31, 2014, 2013 and 2012, approximately $4.3 million, $4.5 million and $5.4 million (excluding discontinued operations), respectively, of amortization expense was recorded as a component of interest expense. Accumulated amortization at December 31, 2014 and 2013 was approximately $6.8 million and $4.9 million, respectively.
	Deferred Management Fees
	In June 2006, the Company made a one-time payment of $20.0 million to WLS in consideration for the agreement of WLS to enter into new management agreements on terms favorable to the Company. This payment was recorded at cost, and is being amortized as a component of management fee expense over the 20-year initial term of the management agreement. For each of the years ended December 31, 2014, 2013 and 2012, approximately $1.0 million (excluding discontinued operations) of amortization expense was recorded for deferred management fees. As of December 31, 2014 and 2013, accumulated amortization was approximately $7.9 million and $7.7 million, respectively.
	Comprehensive Income
	Comprehensive income includes net income and other comprehensive income (loss). Other comprehensive income (loss) is comprised of unrealized gains and losses resulting from hedging activities.
	Advertising Costs
	The Company expenses advertising costs as incurred. Advertising expense was approximately $3.7 million, $3.7 million and $4.4 million for the years ended December 31, 2014, 2013 and 2012 (excluding discontinued operations), respectively, and is included in other hotel operating expenses.
	Transaction and Pursuit Costs
	The Company incurs costs during the review of potential property acquisitions and dispositions, including legal fees, architectural costs, environmental reviews and market studies. These costs are expensed as incurred.
	Derivative Financial Instruments
	In the normal course of business, the Company is exposed to the effects of interest rate changes. As of December 31, 2014 and 2013, 89.4% and 87.0%, respectively, of the Company's borrowings were subject to variable rates. As of December 31, 2014 and 2013, after taking into consideration the effect of interest rate swaps, 16.0% and 30.8%, respectively, of the Company's borrowings were subject to variable rates. The Company limits the risks associated with interest rate changes by following the Company's established risk management policies and procedures, including the use of derivatives. The Company utilizes derivative financial instruments to manage, or hedge, interest rate risk. The Company attempts to require that hedging derivative instruments be effective in reducing the interest rate risk exposure that they are designated to hedge. This effectiveness is essential in order to qualify for hedge accounting. Instruments that meet these hedging criteria are formally designated as hedges at the inception of the derivative contract. When the terms of an underlying transaction are modified, or when the underlying hedged item ceases to exist, all changes in the fair value of the instrument are marked-to-market with changes in value included in net income each period until the instrument matures.
	The Company utilizes a variety of borrowing vehicles including an unsecured revolving credit facility and medium and long-term financings. To reduce the Company's susceptibility to interest rate variability, the Company uses interest rate instruments, typically interest rate swaps, to convert a portion of variable rate debt to fixed rate debt.
	Interest rate swap agreements contain a credit risk that counterparties may be unable to fulfill the terms of the agreement. The Company has minimized that risk by evaluating the creditworthiness of its counterparties, who are limited to major banks and financial institutions, and it does not anticipate nonperformance by the counterparties.
	Gains and losses on derivatives determined to be effective hedges are reported in other comprehensive income (loss) and are reclassified to earnings in the period in which earnings are affected by the underlying hedged item. The ineffective portion of all hedged items is recognized in earnings in the current period. There was no ineffectiveness recorded on designated hedges during the years ended December 31, 2014 and 2013.
	Distributions by the Company
	The Company's board of trustees determines the amount of future distributions based upon various factors including operating results, economic conditions, other operating trends, the Company's financial condition and capital requirements, as well as minimum REIT distribution requirements. The Company's ability to make distributions is dependent on receipt of quarterly distributions from the Operating Partnership and the Operating Partnership's ability to make distributions is dependent upon the results of operations of the hotels.
	Noncontrolling Interests
	The consolidated financial statements include all subsidiaries controlled by the Company. For controlled subsidiaries that are not wholly-owned, the noncontrolling interests in these subsidiaries are presented separately in the consolidated financial statements. As of December 31, 2014 the Company consolidated DBT Met Hotel Venture, LP, a majority-owned partnership that has a third-party, noncontrolling 1.9% ownership interest. The third-party partnership interest is included in noncontrolling interest in joint venture on the consolidated balance sheet. Profits and losses are allocated in proportion to each party's respective ownership interest.
	As of December 31, 2014, the Company consolidates the Operating Partnership, which is a majority-owned partnership that has a third-party, noncontrolling 0.7% ownership interest. The third-party partnership interest is included in noncontrolling interest in Operating Partnership on the consolidated balance sheet. Profits and losses are allocated in proportion to each party's respective ownership interest.
	Income Taxes
	The Company has elected to be taxed as a real estate investment trust under Sections 856 through 860 of the Internal Revenue Code, as amended, commencing with the taxable year ended December 31, 2011. 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 REIT taxable income, subject to certain adjustments and excluding any net capital gain. The Company's current intention is to adhere to these requirements and maintain the qualification for taxation as a REIT. As a REIT, the Company generally is not subject to federal corporate income tax on that portion of net income that is currently distributed. If the Company fails to qualify for taxation as a REIT in any taxable year, it will be subject to federal income taxes at regular corporate rates (including any applicable alternative minimum tax) and may not be able to qualify as a REIT for four subsequent taxable years. Even if the Company qualifies for taxation as a REIT, it may be subject to certain state and local taxes on income and property, and to federal income and excise taxes on undistributed taxable income.
	Taxable income from non-REIT activities managed through taxable REIT subsidiaries is subject to federal, state and local income taxes. The taxable REIT subsidiary is required to pay income taxes at the applicable rates. The consolidated income tax provision or benefit includes the income tax provision or benefit related to the operations of the taxable REIT subsidiary as well as state income taxes incurred.
	Where required, deferred income taxes are accounted for using the asset and liability method. Under this method, deferred income taxes are recognized for temporary differences between the financial reporting bases of assets and liabilities and their respective income tax bases and for operating loss, capital loss and tax credit carryforwards based on enacted income tax rates expected to be in effect when such amounts are realized or settled. However, deferred tax assets are recognized only to the extent that is more likely than not they will be realized based on consideration of available evidence, including future reversals of existing taxable temporary differences, future projected taxable income and tax planning strategies.
	The Company performs an annual review for any uncertain tax positions and, if necessary, will record expected future tax consequences of uncertain tax positions in the financial statements. At December 31, 2014 and 2013, the Company did not identify any uncertain tax positions.
	Earnings Per Share
	Basic earnings per common share is calculated by dividing net income attributable to common shareholders by the weighted-average number of common shares outstanding during the period excluding the weighted-average number of unvested restricted shares outstanding during the period.  Diluted earnings per common share is calculated by dividing net income attributable to common shareholders by the weighted-average number of common shares outstanding during the period, plus any shares that could potentially be outstanding during the period.  Potential shares consist of unvested restricted share grants and unvested performance units, calculated using the treasury stock method.  Any anti-dilutive shares have been excluded from the diluted earnings per share calculation.
	Share-based Compensation
	From time to time, the Company may issue share-based awards under the 2011 Equity Incentive Plan (the "2011 Plan"), as compensation to officers, employees and non-employee trustees (see Note 11). The vesting of awards issued to officers and employees is based on either continued employment (time-based) or based on the relative total shareholder returns of the Company and continued employment (performance-based), as determined by the board of trustees at the date of grant. The Company recognizes, for time-based awards, compensation expense for non-vested shares on a straight-line basis over the vesting period based upon the fair market value of the shares on the date of grant, adjusted for forfeitures.  The Company recognizes, for performance-based awards, compensation expense over the requisite service period for each award, based on the fair market value of the shares on the date of grant, as determined using a Monte Carlo simulation, adjusted for forfeitures.
	Environmental
	The Company is subject to various federal, state and local environmental regulations related to its property ownership and operation. The Company has performed environmental assessments of its properties, the results of which have not revealed any environmental liability that the Company believes would have a materially adverse effect on its financial position, operations or liquidity.
	Recently Issued Accounting Pronouncements
In April 2014, the Financial Accounting Standards Board ("FASB") issued Accounting Standards Update ("ASU") 2014-08, Reporting Discontinued Operations and Disclosures of Disposals of Components of an Entity, which significantly changed the requirements for reporting discontinued operations. Under the new guidance, only disposals representing a strategic shift that has (or will have) a major effect on operations and final results should be presented as discontinued operations. The guidance also provides additional disclosure requirements in connection with both discontinued operations and other dispositions not qualifying as discontinued operations. The guidance applies to all disposals (or classifications as held for sale) of components of an entity that occur within annual periods beginning on or after December 15, 2014, and interim periods within those years. Early adoption is permitted, but only for disposals (or classifications as held for sale) that have not been reported in financial statements previously issued or available for issuance. The Company adopted the new guidance for the quarterly period ended March 31, 2014. Prior to January 1, 2014, properties disposed of were presented in discontinued operations for all periods presented.
In May 2014, the FASB issued ASU 2014-09, Revenue from Contracts with Customers, which supersedes or replaces nearly all GAAP revenue recognition guidance. The new guidance establishes a new control-based revenue recognition model, changes the basis for deciding when revenue is recognized over time or at a point in time and will expand disclosures about revenue. The guidance is effective for annual reporting periods beginning after December 15, 2016, and interim periods within those years. Early adoption is not permitted. The Company is currently evaluating whether this ASU will have a material impact on its financial position, results of operations or cash flows.
In August 2014, the FASB issued ASU 2014-15, Presentation of Financial Statements-Going Concern (Subtopic 205-40): Disclosure of Uncertainties about an Entity’s Ability to Continue as a Going Concern. ASU 2014-15 requires management to evaluate whether there are conditions or events that raise substantial doubt about the entity’s ability to continue as a going concern, and to provide certain disclosures when it is probable that the entity will be unable to meet its obligations as they become due within one year after the date that the financial statements are issued. ASU 2014-15 is effective for the annual period ended December 31, 2016 and for annual periods and interim periods thereafter with early adoption permitted. The Company does not believe this ASU will have a material impact on its financial position, results of operations or cash flows.

Acquisition_of_Hotel_and_Other

Acquisition of Hotel and Other Properties	12 Months Ended
	Dec. 31, 2014
Business Combinations [Abstract]
Acquisition of Hotel and Other Properties	Acquisition of Hotel and Other Properties
	During the year ended December 31, 2014, the Company acquired a 100% interest in the following properties:
	Property		Location	Acquisition Date		Management Company		Rooms	Purchase Price (in thousands)
	Hyatt House Charlotte Center City		Charlotte, NC	March 12, 2014		Hyatt Affiliate		163	$	32,496
	Hyatt House Cypress Anaheim		Cypress, CA	March 12, 2014		Hyatt Affiliate		142	14,753
	Hyatt House Emeryville San Francisco Bay Area		Emeryville, CA	March 12, 2014		Hyatt Affiliate		234	39,274
	Hyatt House San Diego Sorrento Mesa		San Diego, CA	March 12, 2014		Hyatt Affiliate		193	35,985
	Hyatt House San Jose Silicon Valley		San Jose, CA	March 12, 2014		Hyatt Affiliate		164	44,159
	Hyatt House San Ramon		San Ramon, CA	March 12, 2014		Hyatt Affiliate		142	20,833
	Hyatt House Santa Clara		Santa Clara, CA	March 12, 2014		Hyatt Affiliate		150	40,570
	Hyatt Market Street The Woodlands		The Woodlands, TX	March 12, 2014		Hyatt Corporation		70	25,817
	Hyatt Place Fremont Silicon Valley		Fremont, CA	March 12, 2014		Hyatt Affiliate		151	23,525
	Hyatt Place Madison Downtown		Madison, WI	March 12, 2014		Hyatt Affiliate		151	35,088
	Courtyard Portland City Center		Portland, OR	May 22, 2014		Sage Hospitality		256	67,000
	Embassy Suites Irvine Orange County		Irvine, CA	May 22, 2014		Sage Hospitality		293	53,000
	Hilton Cabana Miami Beach		Miami, FL	June 19, 2014		Highgate Hotels		231	71,700
	Hyatt Atlanta Midtown		Atlanta, GA	July 14, 2014		Interstate Hotels and Resorts		194	49,500
	DoubleTree Grand Key Resort (1)		Key West, FL	September 11, 2014		Interstate Hotels and Resorts		215	78,250
								2,749	$	631,950
	_______________________________________________________________________________
	(1) Purchase price includes $1.3 million paid for five condominium units.
	During the year ended December 31, 2013, the Company acquired a 100% interest in the following properties:
	Property		Location	Acquisition Date		Management Company		Rooms	Purchase Price (in thousands)
	Courtyard Houston Downtown Convention Center		Houston, TX	March 19, 2013		White Lodging Services		191	$	34,308
	Residence Inn Houston Downtown Convention Center		Houston, TX	March 19, 2013		White Lodging Services		171	29,421
	SpringHill Suites Houston Downtown Convention Center (1)		Houston, TX	March 19, 2013		n/a		82	15,547
	Courtyard Waikiki Beach		Honolulu, HI	June 17, 2013		Highgate Hotels		399	75,250
	Courtyard San Francisco (1)		San Francisco, CA	June 21, 2013		n/a		150	29,475
	Residence Inn Atlanta Midtown Historic (2)		Atlanta, GA	August 6, 2013		Interstate Hotels and Resorts		78	4,731
	SpringHill Suites Portland Hillsboro		Hillsboro, OR	October 8, 2013		InnVentures		106	24,000
								1,177	$	212,732
	_______________________________________________________________________________
	-1	The property is not currently open for operations.
	-2	On August 6, 2013, the Company was a successful bidder at a foreclosure sale of the property collateralizing the non-performing loan for a purchase price of $4.7 million, which was equal to the Company's basis in the mortgage loan. The Company recorded a gain of $4.3 million related to the property acquired and a gain of $0.6 million related to other assets acquired and liabilities assumed for a total gain on foreclosure of $4.9 million.
	The allocation of purchase price for the properties acquired was as follows (in thousands):
		For the year ended December 31,
		2014			2013
	Land and land improvements	$	164,396		$	30,989
	Buildings and improvements	409,540			188,180
	Furniture, fixtures and equipment	57,575			8,755
	Intangible and other assets	439			650
	Intangible and other liabilities	—			(3,695		)
	Above market ground lease	—			(7,878		)
		631,950			217,001
	Bargain purchase gain	—			(4,269		)
	Total purchase price	$	631,950		$	212,732
	See Note 15 for detail of other assets acquired and liabilities assumed in conjunction with the Company’s acquisitions.
	For the properties acquired during the year ended December 31, 2014 total revenues and net income from the date of acquisition through December 31, 2014 are included in the accompanying consolidated statements of operations as follows (in thousands):
		For the year ended December 31,
		2014
	Total Revenue	$	106,306
	Net income	$	18,773
	For the properties acquired during the year ended December 31, 2013 total revenues and net income from the date of acquisition through December 31, 2013 are included in the accompanying consolidated statements of operations as follows (in thousands):
		For the year ended December 31,
		2013
	Total Revenue	$	28,330
	Net income	$	7,050
	The following unaudited condensed pro forma financial information presents the results of operations as if the 2014 acquisitions had taken place on January 1, 2013 and the 2013 acquisitions had taken place on January 1, 2012.  The unaudited condensed pro forma financial information is not necessarily indicative of what actual results of operations of the Company would have been assuming the 2014 and 2013 acquisitions had taken place on January 1, 2013 and 2012, respectively, nor does it purport to represent the results of operations for future periods.  The unaudited condensed pro forma financial information is as follows (in thousands, except share and per share data):
		For the year ended December 31,
		2014			2013
		(unaudited)
	Total revenue	$	1,151,088		$	1,112,475
	Net income attributable to common shareholders	$	145,286		$	141,102
	Net income per share attributable to common shareholders - basic	$	1.14		$	1.2
Net income per share attributable to common shareholders - diluted	$	1.13		$	1.19
Weighted average number of shares outstanding - basic	127,360,669			117,950,066
Weighted average number of shares outstanding - diluted	128,293,843			118,738,626

Investment_in_Hotel_and_Other_

Investment in Hotel and Other Properties	12 Months Ended
	Dec. 31, 2014
Property, Plant and Equipment [Abstract]
Investment in Hotel and Other Properties	Investment in Hotels and Other Properties
	Investment in hotels and other properties as of December 31, 2014 and 2013 consisted of the following (in thousands):
		December 31, 2014			December 31, 2013
	Land and land improvements	$	706,497		$	594,402
	Buildings and improvements	3,005,390			2,866,849
	Furniture, fixtures and equipment	498,126			485,531
	Intangible assets	2,507			2,507
		4,212,520			3,949,289
	Accumulated depreciation and amortization	(693,717		)	(708,126		)
	Investment in hotel and other properties, net	$	3,518,803		$	3,241,163
	For the years ended December 31, 2014, 2013 and 2012 depreciation and amortization expense related to investment in hotel and other properties was approximately $143.9 million, $126.8 million and $125.9 million (excluding discontinued operations), respectively.
	Impairment
	During the year ended December 31, 2014, the Company recorded an impairment loss of $9.2 million related to three hotels. The Company evaluated the recoverability of the carrying values of hotels given the current expectation to sell certain hotels before the end of their previously estimated useful lives. Based on an analysis of estimated undiscounted net cash flows, the Company concluded that the carrying values of three hotels were not recoverable. The Company estimated the fair value of the hotels using a widely accepted revenue multiple approach with significant unobservable inputs, including revenue growth projections and prevailing market multiples, from third party sources.
	The Company determined that there was no impairment of any assets for the year ended December 31, 2013.
	During the year ended December 31, 2012, the Company recorded an impairment loss of $0.9 million related to one hotel (recognized in discontinued operations). The Company evaluated the recoverability of the hotel’s carrying value given deteriorating operating results for the year ended December 31, 2012. Based on an analysis of estimated undiscounted net cash flow, the Company concluded that the carrying value of the hotel was not recoverable. The Company estimated the fair value of the hotel using a discounted cash flow analysis. In the analysis, the Company estimated the future net cash flows from the hotel, the expected useful life and holding period, and applicable capitalization and discount rates.
	Held for Sale
	In November 2014, the Company entered into a purchase and sale agreement to sell a portfolio of 20 hotel properties for an aggregate sale price of $230.3 million. At December 31, 2014, these hotel properties have been included in assets of hotel properties held for sale in the accompanying consolidated balance sheets. The transaction closed on February 23, 2015.

Discontinued_Operations

Discontinued Operations	12 Months Ended
	Dec. 31, 2014
Discontinued Operations and Disposal Groups [Abstract]
Discontinued Operations
	During the year ended December 31, 2014, the Company disposed of 18 hotel properties in eight separate transactions for a total sale price of approximately $137.8 million. In conjunction with these transactions, the Company recorded a $0.4 million gain on disposal, which is included in the accompanying consolidated statement of operations. Additionally, the Company completed a legal defeasance of the mortgage indebtedness secured by three of the properties that were sold. The cost of the defeasance was approximately $0.8 million, which is included in interest expense in the accompanying consolidated statement of operations.
	The following table provides a list of properties that were disposed of during the year ended December 31, 2014:
	Property Name		Location		Disposal Date		Rooms
	Courtyard Denver Southwest Lakewood		Lakewood, CO		February 20, 2014		90
	Residence Inn Denver Southwest Lakewood		Lakewood, CO		February 20, 2014		102
	Hyatt House Colorado Springs		Colorado Springs, CO		February 20, 2014		125
	SpringHill Suites Gainesville		Gainesville, FL		February 20, 2014		126
	Residence Inn Indianapolis Airport		Indianapolis, IN		February 20, 2014		95
	Fairfield Inn & Suites Indianapolis Airport		Indianapolis, IN		February 20, 2014		86
	Courtyard Grand Rapids Airport		Kentwood, MI		February 20, 2014		84
	Hampton Inn Suites Las Vegas Red Rock Summerlin		Las Vegas, NV		February 20, 2014		106
	Courtyard Austin University Area		Austin, TX		February 20, 2014		198
	Fairfield Inn & Suites Austin University Area		Austin, TX		February 20, 2014		63
	Hyatt House Dallas Richardson		Richardson, TX		February 20, 2014		130
	Hilton Garden Inn St. George		St. George, UT		February 25, 2014		150
	Hilton Mystic		Mystic, CT		March 26, 2014		182
	Holiday Inn Austin NW Arboretum Area		Austin, TX		June 18, 2014		194
	Courtyard Benton Harbor St Joseph		Benton Harbor, MI		December 16, 2014		98
	Courtyard Valparaiso		Valparaiso, IN		December 17, 2014		111
	Courtyard Merrillville		Merrillville, IN		December 18, 2014		112
	Courtyard Fort Wayne		Fort Wayne, IN		December 19, 2014		142
					Total		2,194
	During 2013, the Company disposed of three properties in three separate transactions. The operating results for the year ended December 31, 2013 for these properties are included in discontinued operations in the accompanying consolidated statement of operations.
	Property Name		Location		Disposal Date		Rooms
	SpringHill Suites Southfield (1)		Southfield, MI		May 30, 2013		84
	Courtyard Goshen (2)		Goshen, IN		August 28, 2013		91
	Fairfield Inn & Suites Memphis		Memphis, TN		November 18, 2013		63
					Total		238
	_______________________________________________________________________________
	-1	In November 2011, the Company elected to cease the subsidization of debt service on the mortgage loan secured by the SpringHill Suites Southfield, Michigan. In January 2012, the Company received notice of an event of default for failure to make the required monthly payments. Under the terms of the mortgage loan, the lender received the monthly net cash from operations from the hotel. In December 2012, the Company entered into a deed in lieu of foreclosure agreement with the lender, providing for a consensual transfer of the property to the lender or its designee.  On May 30, 2013, the Company transferred title to the hotel to the lender pursuant to the deed in lieu of foreclosure arrangement.  The Company recorded a gain on extinguishment of indebtedness of approximately $2.4 million to discontinued operations at that time.
	-2	In November 2011, the Company elected to cease the subsidization of debt service on the mortgage loan secured by the Courtyard Goshen, Indiana.  In December 2011, the Company received notice of an event of default for failure to make the required monthly payments. In May 2012, a receiver took control of the property for the benefit of the lender of the mortgage loan. On August 28, 2013, the property was sold at a foreclosure auction and was purchased by an affiliate of the lender. The Company recorded a gain on extinguishment of indebtedness of approximately $3.3 million to discontinued operations at that time.
	In February 2013, the Goshen lender filed suit against the Company claiming amounts due from the Company in its capacity as a guarantor of certain borrower obligations and has continued to pursue this claim following the sale of the property.  The Company disputes that any amounts are owed to the lender under the guaranty and is defending itself against this claim.
	Operating results of discontinued operations were as follows (in thousands):
		For the year ended December 31,
		2013				2012
	Operating revenue	$	2,950			$	4,520
	Operating expense	(2,930		)		(4,459		)
	Operating income	20				61
	Impairment loss	—				(896		)
	Interest expense	(373		)		(1,308		)
	Loss from discontinued operations before gain on sale	(353		)		(2,143		)
	Gain on sale of property	2,081				—
	Gain on extinguishment of indebtedness	5,708				—
	Net income (loss) from discontinued operations	$	7,436			$	(2,143	)

Debt

Debt	12 Months Ended
	Dec. 31, 2014
Debt Disclosure [Abstract]
Debt	Debt
	Credit Facilities
	The Company has in place the following unsecured credit agreements:
	•	$300.0 million revolving credit facility with a scheduled maturity date of November 20, 2016 with a one-year extension option if certain conditions are satisfied (the "Revolver");
	•	$400.0 million term loan with a scheduled maturity date of March 20, 2019 (which was originally scheduled to mature in 2017) (the "2012 Five-Year Term Loan");
	•	$225.0 million term loan with a scheduled maturity date of November 20, 2019 (the "2012 Seven-Year Term Loan");
	•	$400.0 million term loan with a scheduled maturity date of August 27, 2018 (the "2013 Five-Year Term Loan"); and
	•	$150.0 million term loan with a scheduled maturity date of January 22, 2022 (the "2014 Seven-Year Term Loan").
	The 2014 Seven-Year Term loan, the 2012 Five-Year Term Loan, the 2012 Seven-Year Term Loan and the 2013 Five-Year Term Loan are collectively the "Term Loans". The credit agreements for these loans require that a group of no less than 20 of the Company’s hotel properties remain unencumbered by outstanding indebtedness.  The credit agreements contain certain financial covenants relating to the Company’s maximum leverage ratio, minimum fixed charge coverage ratio, minimum tangible net worth and maximum secured indebtedness.  If an event of default exists, the Company is not permitted to make distributions to shareholders, other than those required to qualify for and maintain REIT status.  As of December 31, 2014, the Company was in compliance with all financial covenants.
	In 2012, the Company incurred $5.2 million in fees related to the Revolver, the 2012 Five-Year Term Loan and the 2012 Seven-Year Term Loan. In 2013, the Company incurred $3.0 million in fees related to the 2013 Five-Year Term Loan and the Seven-Year Term Loan amendment. In 2014, the Company incurred $2.9 million in fees related to the 2014 Seven-Year Term Loan and the amendments of the 2012 Five-Year Term Loan and the 2013 Five-Year Term Loan.
	Borrowings under the Revolver and Term Loans bear interest at variable rates equal to the London InterBank Offered Rate (“LIBOR”) plus an applicable margin.  The margin ranges from 1.65% to 3.00%, depending on the Company’s leverage ratio, as calculated under the terms of each facility.  The Company incurs an unused facility fee on the Revolver of between 0.25% and 0.35%, based on the amount by which the maximum borrowing amount exceeds the total principal balance of outstanding borrowings.
	Under the terms of the credit agreement for the Revolver, one or more standby letters of credit, up to a maximum aggregate outstanding balance of $30.0 million, may be issued on behalf of the Company by the lenders under the Revolver.  The Company will incur a fee of 0.125% of the value of each standby letter of credit that is issued on its behalf.  Any outstanding standby letters of credit reduce the available borrowings on the Revolver by a corresponding amount.  No standby letters of credit were outstanding at December 31, 2014. The Company also may borrow up to a maximum aggregate outstanding balance of $40.0 million of swingline loans.  Any outstanding swingline loans reduce the available borrowings under the Revolver by a corresponding amount.  No swingline loans were outstanding at December 31, 2014.
	As of December 31, 2014 and for the years ended December 31, 2014, 2013 and 2012, details of the credit facilities are as follows (in thousands):
									Interest expense for the year ended December 31,
		Outstanding borrowings at December 31, 2014			Maturity Date		Interest Rate at December 31, 2014 (1)		2014			2013		2012
	Revolver (2)(3)	$	—		Nov-16		n/a		$	1,177		$	1,222	$	158
	2013 Five-Year Term Loan (4)	400,000			Aug-18		3.07%		12,264			3,850		—
	2012 Five-Year Term Loan (5)	400,000			Mar-19		2.37%		6,902			5,453		662
	2012 Seven-Year Term Loan (6)	225,000			Nov-19		4.04%		9,217			5,049		359
	2014 Seven-Year Term Loan (7)	—			Jan-22		n/a		—			—		—
	Prior Credit Facility (8)	—					n/a		—			—		2,345
	Total	$	1,025,000						$	29,560		$	15,574	$	3,524
	_______________________________________________________________________________
	-1	Interest rate at December 31, 2014 gives effect to interest rate hedges and LIBOR floors, as applicable.
	-2	At December 31, 2014 there was $300.0 million of borrowing capacity on the Revolver.
	-3	Includes the unused facility fee of $1.0 million, $1.0 million and $0.1 million for the years ended December 31, 2014, 2013 and 2012, respectively.
	-4	Includes interest expense related to an interest rate hedge of $5.1 million and $1.6 million for years ended December 31, 2014 and 2013, respectively.
	-5	Includes interest expense related to an interest rate hedge of $0.2 million for the year ended December 31, 2014.
	-6	Includes interest expense related to an interest rate hedge of $4.2 million and $1.3 million for years ended December 31, 2014 and 2013, respectively.
	-7	At December 31, 2014 there was $150.0 million of borrowing capacity on the 2014 Seven-Year Term Loan.
	-8	The Company entered into an unsecured revolving credit facility (the "Prior Credit Facility") on June 20, 2011. On November 20, 2012, the Prior Credit Facility was amended and restated in its entirety and replaced with the Revolver and 2012 Five-Year Term Loan. Includes the unused facility fee of $0.7 million for the year ended December 31, 2012.
	Mortgage Loans
	As of December 31, 2014 and December 31, 2013, the Company was subject to the following mortgage loans (in thousands):
											Principal balance at,
	Lender		Number of Assets Encumbered	Interest Rate at December 31, 2014 (1)				Maturity Date			31-Dec-14				December 31, 2013
	Capmark Financial Group		1	5.55%				May-15		-2	$	10,513			$	10,916
	Capmark Financial Group		1	5.55%				Jun-15		-2	4,561				4,736
	Barclay's Bank		12	5.55%				Jun-15		-2	107,544				111,632
	Barclay's Bank		4	5.60%				Jun-15		-2	26,775				27,804
	Capmark Financial Group		1	5.50%				Jul-15		-2	6,214				6,450
	Barclay's Bank		1	5.44%				Sep-15		-2	10,140				10,521
	PNC Bank (3)		5	2.51%		-4		May-16		-5	74,000				85,000
	Wells Fargo (6)		4	4.19%		-4		Sep-16		-7	150,000				150,000
	Wells Fargo		4	4.06%		-4		Oct-17		-7	143,000				—
	Wells Fargo							Oct-14			—				142,000
	Capmark Financial Group							Apr-15			—				4,068
	Barclay's Bank							Jun-15			—				2,475
	Barclay's Bank							Jun-15			—				4,063
			33								$	532,747			$	559,665
	_______________________________________________________________________________
	-1	Interest rate at December 31, 2014 gives effect to interest rate hedges and LIBOR floors, as applicable.
	-2	The Company is currently evaluating its options for repayment of these mortgage loans.
	-3	The five hotels encumbered by the PNC Bank loan are cross-collateralized.
	-4	Requires payments of interest only until the commencement of the extension period(s).
	-5	Maturity date may be extended for one one-year term at the Company’s option, subject to certain lender requirements.
	-6	Two of the four hotels encumbered by the Wells Fargo loans are cross-collateralized.
	-7	Maturity date may be extended for four one-year terms at the Company’s option, subject to certain lender requirements.
	Some mortgage agreements are subject to customary financial covenants.  The Company was in compliance with these
	covenants at December 31, 2014 and December 31, 2013.
	Future Minimum Principal Payments
	As of December 31, 2014, future minimum principal payments on debt were as follows (in thousands):
	2015	$	165,747
	2016	224,000
	2017	143,000
2018	400,000
2019	625,000
Thereafter	—
	$	1,557,747

Derivatives_and_Hedging

Derivatives and Hedging	12 Months Ended
	Dec. 31, 2014
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivatives and Hedging	Derivatives and Hedging
	The Company employs derivative financial instruments to hedge against interest rate fluctuations. For derivative instruments designated as cash flow hedges, unrealized gains and losses on the effective portion are reported in accumulated other comprehensive income (loss), a component of shareholders’ equity.  Unrealized gains and losses on the ineffective portion of all designated hedges are recognized in earnings in the current period.  For derivative instruments not designated as hedging instruments, unrealized gains or losses are recognized in earnings in the current period. At December 31, 2014, all derivative instruments were designated as cash flow hedges.
	At December 31, 2013 the fair value of interest rate swap assets of $3.2 million was included in prepaid expenses and other assets in the accompanying consolidated balance sheets.  At December 31, 2014 and December 31, 2013, the aggregate fair value of interest rate swap liabilities of $13.6 million and $9.1 million, respectively, was included in accounts payable and other liabilities in the accompanying consolidated balance sheets.
	As of December 31, 2014 and December 31, 2013, the Company had entered into the following interest rate swaps (in thousands):
		Notional value at						Fair value at
	Hedge type	31-Dec-14		December 31, 2013		Hedge interest rate	Maturity	31-Dec-14			December 31, 2013
	Swap-cash flow	$	275,000	$	275,000	1.12%	Nov-17	$	(232	)	$	3,161
	Swap-cash flow	175,000		175,000		1.56%	Mar-18	(2,182		)	(1,866		)
	Swap-cash flow	175,000		175,000		1.64%	Mar-18	(2,596		)	(2,406		)
	Swap-cash flow	16,500		16,500		1.83%	Sep-18	(315		)	(238		)
	Swap-cash flow	16,500		16,500		1.75%	Sep-18	(270		)	(181		)
	Swap-cash flow	40,500		40,500		1.83%	Sep-18	(772		)	(585		)
	Swap-cash flow	41,500		41,500		1.75%	Sep-18	(678		)	(456		)
	Swap-cash flow	18,000		18,000		1.83%	Sep-18	(343		)	(260		)
	Swap-cash flow	17,000		17,000		1.75%	Sep-18	(278		)	(187		)
	Swap-cash flow	125,000		125,000		2.02%	Mar-19	(3,073		)	(1,838		)
	Swap-cash flow	100,000		100,000		1.94%	Mar-19	(2,145		)	(1,085		)
	Swap-cash flow	50,000		—		1.80%	Oct-20	(242		)	—
	Swap-cash flow	50,000		—		1.85%	Oct-20	(387		)	—
	Swap-cash flow	43,000		—		1.77%	Oct-20	(131		)	—
		$	1,143,000	$	1,000,000			$	(13,644	)	$	(5,941	)
	As of December 31, 2014 and December 31, 2013, there was approximately $13.6 million and $5.9 million, respectively, in unrealized losses included in accumulated other comprehensive loss related to interest rate hedges that are effective in offsetting the variable cash flows.  There was no ineffectiveness recorded on designated hedges during the years ended December 31, 2014 and 2013. For the years ended December 31, 2014 and 2013, approximately $12.4 million and $3.7 million, respectively, of amounts included in accumulated other comprehensive loss were reclassified into interest expense.

Fair_Value

Fair Value	12 Months Ended
	Dec. 31, 2014
Fair Value Disclosures [Abstract]
Fair Value	Fair Value
	Fair Value Measurement
	Fair value is defined as the price that would be received upon the sale of an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date in the principal or most advantageous market.  The fair value hierarchy has three levels of inputs, both observable and unobservable:
	•	Level 1 — Inputs include quoted market prices in an active market for identical assets or liabilities.
	•	Level 2 — Inputs are market data, other than Level 1, that are observable either directly or indirectly.  Level 2 inputs include quoted market prices for similar assets or liabilities, quoted market prices in an inactive market, and other observable information that can be corroborated by market data.
	•	Level 3 — Inputs are unobservable and corroborated by little or no market data.
	Fair Value of Financial Instruments
	The Company used the following market assumptions and/or estimation methods:
	•	Cash and cash equivalents, restricted cash, hotel and other receivables, accounts payable and other liabilities - The carrying amounts reported in the consolidated balance sheets for these financial instruments approximate fair value because of their short maturities.
	•	Variable rate mortgage notes payable and borrowings under the Revolver and Term Loans - The carrying amounts reported in the consolidated balance sheets for these financial instruments approximate fair value, as they bear interest at market rates.  The Company determined that its variable rate mortgage notes payable and borrowings under the Revolver and Term Loans are classified in Level 3 of the fair value hierarchy.
	•	Fixed rate mortgage notes payable - The fair value estimated at December 31, 2014 and 2013 of $171.1 million and $188.0 million, respectively, is calculated based on the net present value of payments over the term of the loans using estimated market rates for similar mortgage loans with similar terms and loan to value ratios. As a result, the Company determined that its fixed rate mortgage notes payable in their entirety are classified in Level 3 of the fair value hierarchy.  The carrying value of fixed rate mortgage notes payable at December 31, 2014 and 2013 was $165.7 million and $182.7 million, respectively.
	Recurring Fair Value Measurements
	The following table presents the Company’s fair value hierarchy for those financial assets and liabilities measured at fair value on a recurring basis as of December 31, 2014 (in thousands):
		Fair Value at December 31, 2014
		Level 1		Level 2			Level 3		Total
	Interest rate swap asset	$	—	$	—		$	—	$	—
	Interest rate swap liability	$	—	$	(13,644	)	$	—	$	(13,644	)
	Total	$	—	$	(13,644	)	$	—	$	(13,644	)
	The following table presents the Company’s fair value hierarchy for those financial assets and liabilities measured at fair value on a recurring basis as of December 31, 2013 (in thousands):
		Fair Value at December 31, 2013
		Level 1		Level 2			Level 3		Total
	Interest rate swap asset	$	—	$	3,161		$	—	$	3,161
	Interest rate swap liability	$	—	$	(9,102	)	$	—	$	(9,102	)
	Total	$	—	$	(5,941	)	$	—	$	(5,941	)
	The fair values of the derivative financial instruments are determined using widely accepted valuation techniques including discounted cash flow analysis on the expected cash flows of each derivative. The Company determined that the significant inputs, such as interest yield curves and discount rates, used to value its derivatives fall within Level 2 of the fair value hierarchy and that the credit valuation adjustments associated with the Company’s counterparties and its own credit risk utilize Level 3 inputs, such as estimates of current credit spreads to evaluate the likelihood of default by itself and its counterparties. As of December 31, 2014, the Company assessed the significance of the impact of the credit valuation adjustments on the overall valuation of its derivative positions and determined that the credit valuation adjustments were not significant to the overall valuation of its derivatives. As a result, the Company determined that its derivative valuations in their entirety are classified in Level 2 of the fair value hierarchy.

Commitments_and_Contingencies

Commitments and Contingencies	12 Months Ended
	Dec. 31, 2014
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Commitments and Contingencies
	Ground Leases
	The Residence Inn Chicago Oak Brook is subject to a ground lease with an initial term that expires on March 6, 2100. During the initial term of the ground lease, the total rent is $1.6 million, which was paid in a lump sum upon commencement of the ground lease in 2001. After the initial term, we may extend the ground lease for an additional renewal term of 99 years for $1. Under certain circumstances set forth in the ground lease, we have the option to acquire the land underlying the Residence Inn Chicago Oak Brook.
	The Marriott Louisville Downtown is subject to a ground lease with an initial term extending out to 2053. The ground lease may be extended for up to four additional twenty-five year terms at the Company's option. The annual ground rent is one dollar; however, the property is subject to an annual profit participation payment based on net income as calculated based on the terms of the ground lease. For the years ended December 31, 2014, 2013 and 2012, no liability was incurred for profit participation.
	The Courtyard Austin Downtown Convention Center and Residence Inn Austin Downtown Convention Center are subject to a ground lease with a term extending to 2100. The annual ground rent is $0.4 million; however, the properties are subject to an annual profit participation payment based on gross revenue as calculated based on the terms of the ground lease. For the years ended December 31, 2014, 2013 and 2012, approximately $0.5 million, $0.5 million and $0.3 million, respectively, was incurred for contingent rent.
	The Hilton Garden Inn Bloomington is subject to a ground lease with an initial term extending to 2053. The ground lease automatically extends for up to five additional ten-year terms unless certain conditions are met. A de minimis minimum rent payment is to be paid in ten equal annual installments commencing with the twentieth anniversary of the leases' inception. No other payments are required under the terms of the ground lease.
	The Hilton Garden Inn Bloomington is subject to an agreement to lease parking spaces with an initial term extending to 2033. The agreement to lease parking spaces may be extended if certain events occur. The agreement provides for a monthly rental payment based on city ordinance rates (at December 31, 2014, 2013 and 2012 the rate was de minimis) and the number of parking spaces reserved for the exclusive use of the hotel, plus amounts based on actual usage in excess of the reserved spaces. For each of the years ended December 31, 2014, 2013 and 2012, approximately $0.1 million of rent was paid.
	The Hampton Inn Garden City is subject to a ground lease with an initial term extending to 2016. The lease is associated with an agreement for payment in lieu of taxes and will revert to fee simple ownership at the end of the ground lease. A de minimis rent payment is to be paid annually. In addition, an annual compliance fee of $1 is required under the terms of the ground lease.
	The Courtyard Charleston Historic District is subject to a ground lease with a term extending to 2096. The annual ground rent is $0.8 million until 2021, after which the annual base rent increases periodically during the term of the ground lease to a maximum of $1.0 million. The annual ground rent expense is recognized on a straight-line basis. In addition to base rent, the property is subject to a contingent rent payment based on gross quarterly collected room revenue (for no more than 126 rooms per night), as calculated based on the terms of the ground lease. For the years ended December 31, 2014, 2013 and 2012, approximately $0.1 million, $0.1 million and $0.1 million, respectively, was incurred for contingent rent.
	The Courtyard Waikiki Beach is subject to a ground lease with a term extending to 2112.  The annual ground rent is $3.5 million through 2016, after which the annual rent shall increase by the increase, if any, in the Consumer Price Index (“CPI”) from the immediately preceding calendar year.  The increase is limited to 5.0% per annum for the first 10 years in which the annual rent is subject to increase, and 6.0% per annum during the seven subsequent years in which the annual rent is subject to increase.  Thereafter, there is no cap on the increase in the CPI.  The acquisition of the Courtyard Waikiki Beach resulted in an above market ground lease intangible of $7.9 million, which is being amortized over the term of the ground lease as a reduction to ground rent expense. For the years ended December 31, 2014 and 2013, $3.5 million and $1.8 million, respectively, of ground rent expense was incurred.  There was no ground rent expense in 2012 as this property was acquired in 2013.
	As of December 31, 2014, future minimum ground lease payments are as follows (in thousands):
		2015		2016		2017		2018		2019		Thereafter		Total
	Future minimum ground lease payments	$	4,650	$	4,650	$	4,650	$	4,650	$	4,650	$	424,143	$	447,393
	Restricted Cash Reserves
	The Company is obligated to maintain reserve funds for capital expenditures at the hotels (including the periodic replacement or refurbishment of FF&E) as determined pursuant to the management agreements, franchise agreements and/or mortgage loan documents. The management agreements, franchise agreements and/or mortgage loan documents require the Company to reserve restricted cash ranging from 1.0% to 5.0% of the individual hotel’s revenues and maintain the reserves in restricted cash reserve escrows. Any unexpended amounts will remain the property of the Company upon termination of the management agreements, franchise agreements or mortgage loan documents. Additionally, some loan agreements require the Company to reserve restricted cash for the periodic payment of real estate taxes and insurance. As of December 31, 2014 and December 31, 2013, approximately $63.1 million and $62.4 million, respectively, was available in restricted cash reserves for future capital expenditures, real estate taxes and insurance.
	Litigation
	Neither the Company nor any of its subsidiaries are currently involved in any regulatory or legal proceedings that management believes will have a material adverse effect on the financial position, operations or liquidity of the Company.
	Data Breach
	During the first quarter of 2014, one of the Company's third-party hotel managers notified the Company of a data breach that occurred over a nine-month period ending in December 2013 at 14 of the hotels that it manages, including seven hotels that are owned by the Company. An analysis of the data breach revealed that hackers installed memory scraping malware on food and beverage point of sale systems that was designed to capture credit card data. During the period of the breach, it appears that information from approximately 95,000 credit cards could have been collected by the malware. The third-party hotel manager is cooperating with the relevant authorities in their investigations of this criminal cyber-attack. The Company and its third-party hotel manager are also taking steps to assess and further strengthen information security systems.
	The Company believes that each of the credit card companies impacted may seek to impose fines, fees or assessments in connection with the breach against various parties, including the Company. The Company may also incur other costs, including legal fees and other professional services fees, related to investigating the breach. Because the investigation into the matter is ongoing and certain factual and legal questions remain unanswered, the Company is unable to estimate with certainty the total costs, fines, fees or assessments that may be associated with any potential claims; however, the Company currently believes that any amounts that the Company may ultimately be required to pay as a result of this incident will not be material to the results of operations.
	Management Agreements
	As of December 31, 2014, 144 of the Company's hotel properties were operated pursuant to long-term agreements with initial terms ranging from 3 to 25 years, with 16 management companies as follows in the table below. This number includes five and ten hotels that receive the benefits of a franchise agreement pursuant to management agreements with Marriott and Hyatt, respectively.
	Management Company	Number of
		Hotels
	Aimbridge Hospitality	2
	Concord Hospitality Enterprises Company	1
	Crescent Hotels and Resorts	1
	Crestline Hotels and Resorts	1
	Davidson Hotels and Resorts	1
	Embassy Suites Management	3
	HEI Hotels and Resorts	1
	Highgate Hotels	6
	Hyatt Corporation and affiliates	10
	Interstate Hotels and Resorts (1)	10
	InnVentures	1
	K Partners Hospitality Group	1
	Marriott Hotel Services	5
	Sage Hospitality	4
	Urgo Hotels	4
	WLS	93
		144
	_______________________________________________________________________________
	-1	Includes agreements entered into with Noble Management Group, a wholly-owned subsidiary of Interstate Hotels and Resorts.
	Each management company receives a base management fee generally between 2.5% and 4.0% of hotel revenues. Management agreements that include the benefits of a franchise agreement incur a base management fee generally between 5.0% and 7.0% of hotel revenues. The management companies are also eligible to receive an incentive management fee if hotel operating income, as defined in the management agreements, exceeds certain thresholds. The incentive management fee is generally calculated as a percentage of hotel operating income after the Company has received a priority return on their investment in the hotel.
	For the years ended December 31, 2014, 2013 and 2012, the Company incurred management fee expense, including amortization of deferred management fees, of approximately $43.2 million, $35.0 million and $29.9 million, respectively, (excluding discontinued operations).
	Franchise Agreements
	As of December 31, 2014, 129 of the Company's hotel properties are operated under franchise agreements with initial terms ranging from 10 to 30 years. This number excludes five and ten hotels that receive the benefits of a franchise agreement pursuant to management agreements with Marriott and Hyatt, respectively. Franchise agreements allow the properties to operate under the respective brands. Pursuant to the franchise agreements, the Company pays a royalty fee, generally between 3.0% and 6.0% of room revenue, plus additional fees for marketing, central reservation systems and other franchisor costs that amount to between 1.0% and 4.3% of room revenue. Certain hotels are also charged a royalty fee of between 1.0% and 3.0% of food and beverage revenues. For the years ended December 31, 2014, 2013 and 2012, the Company incurred franchise fee expense of approximately $71.6 million, $64.2 million and $55.4 million, respectively (excluding discontinued operations), which is included in other property operating expense in the accompanying consolidated statement of operations.

Equity

Equity	12 Months Ended
	Dec. 31, 2014
Equity [Abstract]
Equity	Equity
	Common Shares of Beneficial Interest
	Under the original declaration of trust of the Company, the total number of shares initially authorized for issuance was 100,000 common shares. At formation, the Company issued to each of its two initial shareholders 500 common shares at $1 per share, which shares were subsequently redeemed. On May 5, 2011, the declaration of trust was amended to authorize the issuance of up to 450,000,000 common shares.
	On March 25, 2013, the Company issued and sold 15,870,000 common shares of beneficial interest, $0.01 par value per share, at a price per share of $21.60 for total gross proceeds of $342.8 million. The Company received aggregate net proceeds of approximately $327.5 million. The Company used the net proceeds from the offering to repay amounts outstanding on its unsecured revolving credit facility, to repay mortgage indebtedness and for general corporate purposes.
	On May 22, 2014, the Company issued and sold 9,200,000 common shares of beneficial interest, $0.01 par value per share, at a price per share of $26.45, for total gross proceeds of $243.3 million. The Company received aggregate net proceeds of approximately $232.7 million.
	Preferred Shares of Beneficial Interest
	Under the declaration of trust of the Company, the total number of shares initially authorized for issuance was 10,000 preferred shares. On May 5, 2011, the declaration of trust was amended to authorize the issuance of up to 50,000,000 preferred shares. As of both December 31, 2014 and 2013, respectively, there were no preferred shares of beneficial interest outstanding.
	Noncontrolling Interest in Joint Venture
	As of December 31, 2014, the Company consolidated DBT Met Hotel Venture, LP, a majority-owned limited partnership that has a third-party partner that owns a noncontrolling 1.9% ownership interest. The third-party partnership interest is included in noncontrolling interest in joint venture on the balance sheet.
	Noncontrolling Interest in Operating Partnership
	The Company consolidated its Operating Partnership, a majority owned limited partnership that has a noncontrolling ownership interest and is included in noncontrolling interest in Operating Partnership on the balance sheet. As of December 31, 2014, the Operating Partnership had 132,858,706 OP units outstanding, of which 99.3% were owned by the Company and its subsidiaries and 0.7% were owned by other limited partners.
	The outstanding OP units held by limited partners are redeemable for cash, or at the option of the Company, for a like number of common shares of beneficial interest of the Company.

Equity_Incentive_Plan

Equity Incentive Plan	12 Months Ended
	Dec. 31, 2014
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Equity Incentive Plan	Equity Incentive Plan
	The Company may issue equity-based awards to officers, employees, non-employee trustees and other eligible persons under the 2011 Plan. The 2011 Plan provides for a maximum of 5,000,000 common shares of beneficial interest to be issued in the form of share options, share appreciation rights, restricted share awards, unrestricted share awards, share units, dividend equivalent rights, long-term incentive units, other equity-based awards and cash bonus awards.
	Share Awards
	From time to time, the Company may award non-vested restricted shares under the 2011 Plan, as compensation to officers, employees and non-employee trustees. The shares issued to officers and employees vest over a period of time as determined by the board of trustees at the date of grant. The Company recognizes compensation expense for non-vested shares on a straight-line basis over the vesting period based upon the fair market value of the shares on the date of issuance, adjusted for forfeitures.
	The Company may also award unrestricted shares under the 2011 Plan as compensation to non-employee trustees that would otherwise be paid in cash for their services. The shares issued to trustees are unrestricted and include no vesting conditions. The Company recognizes compensation expense for the unrestricted shares issued in lieu of cash compensation on the date of issuance based upon the fair market value of the shares on that date.
	A summary of the non-vested shares as of December 31, 2014, 2013 and 2012 is as follows:
		2014				2013				2012
		Number of		Weighted Average		Number of		Weighted Average		Number of		Weighted Average
		Shares		Grant Date Fair		Shares		Grant Date Fair		Shares		Grant Date Fair
				Value				Value				Value
	Unvested at January 1,	932,800		$	18.99	1,013,673		$	17.8	970,288		$	17.93
	Granted (1)	348,234		24.46		383,187		21.25		445,176		17.23
	Vested (1)	(537,988	)	19.44		(458,808	)	18.24		(374,913	)	17.46
	Forfeited	(11,587	)	22.89		(5,252	)	20.07		(26,878	)	17.8
	Unvested at December 31,	731,459		$	21.21	932,800		$	18.99	1,013,673		$	17.8
	_______________________________________________________________________________
	-1	For the years ended December 31, 2014, 2013 and 2012, respectively, includes 4,347, 5,357 and 8,530 unrestricted shares issued in lieu of cash compensation to non-employee trustees at a weighted average grant date fair value of $29.31, $23.20 and $18.75, respectively.
	For the years ended December 31, 2014, 2013 and 2012, the Company recognized approximately $10.6 million, $8.6 million and $6.7 million, respectively, of share-based compensation expense related to restricted share awards.  As of December 31, 2014, there was $14.2 million of total unrecognized compensation costs related to non-vested share awards and these costs are expected to be primarily recognized over a weighted-average period of 2.2 years. The total fair value of shares vested (calculated as number of shares multiplied by vesting date share price) during the years ended December 31, 2014, 2013 and 2012 was approximately $15.5 million, $10.5 million and $6.5 million, respectively.
	Performance Units
	The Company awarded performance units to certain employees under the 2011 Plan.  The performance units vest over a four-year period, including three years of performance-based vesting ("measurement period") plus an additional one year of time-based vesting.
	As of December 31, 2014, there were 1.0 million unvested performance units outstanding with a weighted average grant date fair value of $15.36 per performance unit.
	For the year ended December 31, 2014, 2013 and 2012, the Company recognized $4.5 million, $4.5 million and $1.9 million, respectively, of share-based compensation expense related to performance unit awards.  As of December 31, 2014, there was $4.5 million of total unrecognized compensation cost related to the performance units and these costs are expected to be recognized over a weighted-average period of 1.1 years.
	As of December 31, 2014, there were 2,741,480 common shares available for future grant under the 2011 Plan.  Any performance units that convert into restricted shares will reduce the number of common shares available for future grant under the 2011 Plan.

Earnings_per_Common_Share

Earnings per Common Share	12 Months Ended
	Dec. 31, 2014
Earnings Per Share [Abstract]
Earnings per Common Share	Earnings per Common Share
	Basic earnings per common share is calculated by dividing net income attributable to common shareholders by the weighted-average number of common shares outstanding during the period excluding the weighted average number of unvested restricted shares outstanding during the period. Diluted earnings per common share is calculated by dividing net income attributable to common shareholders by the weighted average number of common shares outstanding during the period, plus any shares that could potentially be outstanding during the period. Potential shares consist of unvested restricted share grants and unvested performance units, calculated using the treasury stock method. Any anti-dilutive shares have been excluded from the diluted earnings per share calculation.
	Unvested share-based payment awards that contain non-forfeitable rights to dividends or dividend equivalents (whether paid or unpaid) are participating shares and are considered in the computation of earnings per share pursuant to the two-class method. If there were any undistributed earnings allocable to participating shares, they would be deducted from net income attributable to common shareholders utilized in the basic and diluted earnings per share calculations.
	For the years ended December 31, 2014 and 2012 no earnings representing undistributed earnings were allocated to participating shares because the Company paid dividends in excess of net income. For the year ended December 31, 2013, approximately $0.1 million represented undistributed earnings that were allocable to participating shares.
	The limited partners’ outstanding limited partnership units in the Operating Partnership (which may be redeemed for common shares of beneficial interest under certain circumstances) have been excluded from the diluted earnings per share calculation as there was no effect on the amounts for the years ended December 31, 2014, 2013 and 2012, since the limited partners’ share of income would also be added back to net income attributable to common shareholders.
	The computation of basic and diluted earnings per common share is as follows (in thousands, except share and per share data):
		For the year ended December 31,
		2014			2013			2012
	Numerator:
	Income from continuing operations attributable to common shareholders, including gain on disposal of hotel properties	$	135,441		$	105,539		$	43,423
	Add: Income (loss) from discontinued operations	—			7,382			(2,125		)
	Net income attributable to common shareholders	135,441			112,921			41,298
	Less: Dividends paid on unvested restricted shares	(951		)	(936		)	(802		)
	Less: Undistributed earnings attributable to unvested restricted shares	—			(61		)	—
	Net income attributable to common shareholders excluding amounts attributable to unvested restricted shares	$	134,490		$	111,924		$	40,496
	Denominator:
	Weighted-average number of common shares - basic	127,360,669			117,950,066			105,423,604
	Unvested restricted shares	316,020			251,217			59,587
	Unvested performance units	617,154			537,343			265,495
	Weighted-average number of common shares - diluted	128,293,843			118,738,626			105,748,686
	Basic per common share data:
	Net income per share attributable to common shareholders before discontinued operations - basic	$	1.06		$	0.89		$	0.4
	Discontinued operations	—			0.06			(0.02		)
	Net income per share attributable to common shareholders - basic	$	1.06		$	0.95		$	0.38
	Diluted per common share data:
	Net income per share attributable to common shareholders before discontinued operations - diluted	$	1.05		$	0.88		$	0.4
	Discontinued operations	—			0.06			(0.02		)
	Net income per share attributable to common shareholders - diluted	$	1.05		$	0.94		$	0.38

Income_Taxes

Income Taxes	12 Months Ended
	Dec. 31, 2014
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes
	For federal income tax purposes, the cash distributions paid for the years ended December 31, 2014 and 2013 are characterized as follows:
		For the Years Ended December 31,
		2014			2013
	Common distributions
	Ordinary income	100	%		100	%
	Return of capital	—			—
	Capital gains	—			—
		100	%		100	%
	The components of the income tax provision from continuing operations are as follows (in thousands):
		For the Years Ended December 31,
		2014				2013			2012
	Current:
	Federal	$	(244	)		$	(323	)	$	(50	)
	State	(1,543		)		(1,439		)	(1,381		)
	Deferred:
	Federal	572				830			64
	State	70				53			(2		)
	Total net tax expense	$	(1,145	)		$	(879	)	$	(1,369	)
	The provision for income taxes differs from the amount of income tax determined by applying the applicable U.S. statutory federal income tax rate to pretax income from continuing operations for the years ended December 31, 2014, 2013 and 2012 as a result of the following differences (in thousands):
		For the Years Ended December 31,
		2014				2013			2012
	Expected federal tax expense at statutory rate	$	(47,906	)		$	(40,271	)	$	(14,952	)
	Tax impact of REIT election	45,842				37,230			22,618
	Expected tax (expense) benefit at TRS	(2,064		)		(3,041		)	7,666
	Change in valuation allowance	2,203				3,612			(8,741		)
	State income (expense) benefit, net of federal tax benefit	(1,273		)		(1,345		)	595
	Impact of rate change	42				(94		)	146
	Other permanent items	(418		)		(443		)	(394		)
	Impact of acquired tax attributes	(5		)		361			(361		)
	Impact of provision to return	370				71			(280		)
	Income tax expense	$	(1,145	)		$	(879	)	$	(1,369	)
	Deferred income taxes represent the tax effect from continuing operations of the differences between the book and tax basis of assets and liabilities. Deferred tax assets (liabilities) include the following (in thousands):
		December 31,
		2014				2013
	Deferred tax liabilities:
	Property and equipment	$	(5,354	)		$	(1,787	)
	Prepaid expenses	(2,362		)		(1,662		)
	Other - deferred tax liabilities	(163		)		(99		)
	Deferred tax liabilities	$	(7,879	)		$	(3,548	)
	Deferred tax assets:
	Property and equipment	$	—			$	515
	Deferred revenue - key money	1,429				1,478
	Incentive and vacation accrual	2,627				2,325
	Allowance for doubtful accounts	65				92
	Other - deferred tax assets	191				285
	Other carryforwards	158				106
	Net operating loss carryforwards	54,355				51,254
	Valuation allowance	(51,323		)		(53,526		)
	Deferred tax assets	$	7,502			$	2,529
	The Company recorded a valuation allowance of approximately $51.3 million and $53.5 million related to its net operating loss, or NOL, carryforwards and other deferred tax assets at December 31, 2014 and 2013, respectively, as the Company believed it was more likely than not that it would not realize the benefits associated with these NOLs and other deferred tax assets. The ability to carry forward the tax benefit of NOLs of approximately $54.4 million will begin to expire in 2026 for federal tax purposes and during the period from 2016 to 2026 for state tax purposes if not utilized. The Company’s TRS entities experienced a change of control as defined in Section 382 of the Code, the TRS’s ability to utilize NOLs in the years after the change in control will be limited.
	The Company owns subsidiary TRSs which are not part of a consolidated tax return, these deferred tax assets and liabilities are presented on a combined basis and are not subject to a valuation allowance.
	The net current and non-current components of deferred income taxes included in the consolidated balance sheets are as follows (in thousands):
		December 31,
		2014				2013
	Current net deferred tax assets	$	616			$	263
	Current net deferred tax liabilities	(2,524		)		(1,761		)
	Non-current net deferred tax assets	6,886				2,266
	Non-current net deferred tax liabilities	(5,355		)		(1,787		)
	Net deferred tax liability	$	(377	)		$	(1,019	)
	The Company had no accruals for tax uncertainties as of December 31, 2014 and December 31, 2013.

Segment_Information

Segment Information	12 Months Ended
	Dec. 31, 2014
Segment Reporting [Abstract]
Segment Information	Segment Information
	The Company separately evaluates the performance of each of its hotels. However, because each of the hotels has similar economic characteristics, facilities, and services, the properties have been aggregated into a single operating segment.

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 (in thousands)
		For the year ended December 31,
		2014			2013			2012
	Interest paid, net of capitalized interest	$	52,424		$	59,826		$	79,376
	Income taxes paid	$	2,111		$	1,420		$	1,598
	Supplemental investing and financing transactions:
	In conjunction with the acquisitions, the Company recorded the following:
	Purchase of real estate	$	631,950		$	228,573		$	247,158
	Accounts receivable	807			740			164
	Other assets	1,671			957			728
	Advance deposits	(659		)	(313		)	(224		)
	Accounts payable and other liabilities	(2,129		)	(12,168		)	(777		)
	Receipt of assets in full satisfaction	—			(4,731		)	—
	Gain on foreclosure	—			(4,863		)	—
	Acquisition of hotel and other properties	$	631,640		$	208,195		$	247,049
	In conjunction with the dispositions, the Company recorded the following:
	Disposal of hotel properties	$	137,829		$	2,500		$	—
	Closing costs	(3,634		)	(140		)	—
	Operating prorations	(1,526		)	9			—
	Proceeds from the disposal of hotel properties, net	$	132,669		$	2,369		$	—
	Supplemental non-cash transactions:
	Change in fair market value of designated interest rate swaps	$	(7,703	)	$	(5,941	)	$	1,326
	Accrued capital expenditures	$	9,641		$	10,610		$	4,563
	Distributions payable	$	42,114		$	30,870		$	22,392

Subsequent_Events

Subsequent Events	12 Months Ended
	Dec. 31, 2014
Subsequent Events [Abstract]
Subsequent Events	Subsequent Events
	In February 2015, the Company sold 20 properties for a total sales price of approximately $230.3 million.

Quarterly_Operating_Results_No

Quarterly Operating Results (Notes)	12 Months Ended
	Dec. 31, 2014
Quarterly Financial Information Disclosure [Abstract]
Quarterly Operating Results	Quarterly Operating Results (unaudited)
	The Company's unaudited condensed consolidated quarterly operating data for the years ended December 31, 2014 and 2013 follows (in thousands, except share and per share data). 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 hotels enterprises are not indicative of results to be achieved in succeeding years or quarters. In order to obtain a more accurate indication of performance, there should be a review of operating results, changes in shareholders' equity and cash flows for a period of several years.
		Year ended December 31, 2014
		First Quarter			Second Quarter		Third Quarter		Fourth Quarter
	Total revenue	$	236,373		$	295,047	$	297,666	$	280,111
	Income from continuing operations, including gain on disposal of hotel properties	$	11,985		$	53,361	$	37,064	$	34,070
	Net income attributable to common shareholders	$	11,932		$	52,904	$	36,760	$	33,845
	Comprehensive income	$	10,571		$	45,991	$	42,327	$	28,849
	Basic per share data:
	Income from continuing operations, including gain on disposal of hotel properties	$	0.1		$	0.42	$	0.28	$	0.26
	Net income attributable to common shareholders	$	0.1		$	0.42	$	0.28	$	0.26
	Diluted per share data:
	Income from continuing operations, including gain on disposal of hotel properties	$	0.1		$	0.42	$	0.28	$	0.25
	Net income attributable to common shareholders	$	0.1		$	0.42	$	0.28	$	0.25
	Basic weighted average common shares outstanding	121,740,962			125,260,607		131,106,440		131,189,673
	Diluted weighted average common shares outstanding	122,867,755			126,475,051		132,386,843		132,186,832
		Year ended December 31, 2013
		First Quarter			Second Quarter		Third Quarter		Fourth Quarter
	Total revenue	$	214,870		$	260,823	$	252,116	$	242,571
	Income from continuing operations	$	8,803		$	38,571	$	33,774	$	25,595
	Discontinued operations	$	(219	)	$	2,410	$	3,158	$	2,087
	Net income attributable to common shareholders	$	8,491		$	40,510	$	36,475	$	27,445
	Comprehensive income	$	8,016		$	45,514	$	20,513	$	32,937
	Basic per share data:
	Income from continuing operations	$	0.08		$	0.32	$	0.28	$	0.21
	Discontinued operations	$	—		$	0.02	$	0.03	$	0.01
	Net income attributable to common shareholders	$	0.08		$	0.34	$	0.31	$	0.22
	Diluted per share data:
	Income from continuing operations	$	0.08		$	0.32	$	0.27	$	0.21
	Discontinued operations	$	—		$	0.02	$	0.03	$	0.01
	Net income attributable to common shareholders	$	0.08		$	0.34	$	0.3	$	0.22
	Basic weighted average common shares outstanding	106,815,375			121,520,253		121,594,219		121,667,166
	Diluted weighted average common shares outstanding	107,423,195			122,280,431		122,750,121		122,540,253

Schedule_III_Real_Estate_and_A

Schedule III - Real Estate and Accumulated Depreciation	12 Months Ended
	Dec. 31, 2014
SEC Schedule III, Real Estate and Accumulated Depreciation Disclosure [Abstract]
Schedule III - Real Estate and Accumulated Depreciation
					Initial Costs						Costs Capitalized Subsequent to Acquisition		Gross Amount at December 31, 2014
	Description	Debt			Land &			Building &			Land, Building &		Land &		Buildings &		Total (1)		Accumulated		Date	Depreciation
					Improvements			Improvements			Improvements		Improvements		Improvements				Depreciation		Acquired	Life
	Marriott Austin South	$	—		$	2,253		$	16,522		$	1,429	$	2,253	$	17,951	$	20,204	$	3,760	2006	15 - 40 years
	Marriott Denver South @ Park Meadows	—			5,385			39,488			1,938		5,385		41,426		46,811		8,756		2006	15 - 40 years
	Marriott Louisville Downtown	73,000			—			89,541			3,547		—		93,088		93,088		19,417		2006	15 - 40 years
	Marriott Chicago Midway	—			4,464			32,736			1,900		4,474		34,626		39,100		7,320		2006	15 - 40 years
	Renaissance Boulder Flatiron Hotel	—			4,440			32,557			1,569		4,460		34,106		38,566		7,132		2006	15 - 40 years
	Renaissance Fort Lauderdale Plantation Hotel	—			4,842			35,517			1,863		4,842		37,380		42,222		7,785		2006	15 - 40 years
	Courtyard Austin Northwest Arboretum	—			1,443			10,585			1,489		1,446		12,071		13,517		2,483		2006	15 - 40 years
	Courtyard Austin South	4,780			1,530			11,222			1,324		1,533		12,543		14,076		2,602		2006	15 - 40 years
	Courtyard Chicago Downtown Magnificent Mile	31,695			8,140			59,696			2,360		8,140		62,056		70,196		12,979		2006	15 - 40 years
	Courtyard Denver West Golden	6,023			1,325			9,716			1,218		1,325		10,934		12,259		2,215		2006	15 - 40 years
	Courtyard Chicago Southeast Hammond	—			1,038			7,616			1,271		1,042		8,883		9,925		1,818		2006	15 - 40 years
	Courtyard Indianapolis @ The Capitol	—			2,482			18,207			1,240		2,482		19,447		21,929		4,020		2006	15 - 40 years
	Courtyard Boulder Longmont	5,364			1,192			8,745			864		1,192		9,609		10,801		1,998		2006	15 - 40 years
	Courtyard Boulder Louisville	8,142			1,640			12,025			1,443		1,642		13,466		15,108		2,759		2006	15 - 40 years
	Courtyard Louisville Northeast	—			1,374			10,079			767		1,376		10,844		12,220		2,288		2006	15 - 40 years
	Courtyard Midway Airport	8,406			2,172			15,927			2,126		2,176		18,049		20,225		4,300		2006	15 - 40 years
	Courtyard South Bend Mishawaka	—			640			4,699			1,232		642		5,929		6,571		1,344		2006	15 - 40 years
	Courtyard Salt Lake City Airport	—			2,333			17,110			1,328		2,333		18,438		20,771		3,751		2006	15 - 40 years
	Courtyard Houston Sugarland	—			1,217			8,931			1,084		1,217		10,015		11,232		2,012		2006	15 - 40 years
					Initial Costs						Costs Capitalized Subsequent to Acquisition		Gross Amount at December 31, 2014
	Description	Debt			Land &			Building &			Land, Building &		Land &		Buildings &		Total (1)		Accumulated		Date	Depreciation
					Improvements			Improvements			Improvements		Improvements		Improvements				Depreciation		Acquired	Life
	Courtyard Fort Lauderdale SW Miramar	—			1,619			11,872			1,143		1,619		13,015		14,634		2,285		2007	15 - 40 years
	Courtyard Austin Downtown Convention Center	49,200			6,049			44,361			1,477		6,049		45,838		51,887		8,146		2007	15 - 40 years
	Courtyard Austin Airport	—			1,691			12,404			1,782		1,749		14,128		15,877		2,356		2007	15 - 40 years
	Residence Inn Austin Northwest Arboretum	—			1,403			10,290			1,855		1,403		12,145		13,548		2,279		2006	15 - 40 years
	Residence Inn Austin South	—			802			5,883			807		802		6,690		7,492		1,324		2006	15 - 40 years
	Residence Inn Austin North Parmer Lane	7,037			1,483			10,872			572		1,483		11,444		12,927		2,352		2006	15 - 40 years
	Residence Inn Indianapolis Fishers	—			998			7,322			955		998		8,277		9,275		1,646		2006	15 - 40 years
	Residence Inn Denver West Golden	6,162			1,222			8,963			660		1,222		9,623		10,845		1,918		2006	15 - 40 years
	Residence Inn Chicago Southeast Hammond	—			980			7,190			918		980		8,108		9,088		1,615		2006	15 - 40 years
	Residence Inn Houston By The Galleria	—			2,665			19,549			2,609		2,665		22,158		24,823		4,351		2006	15 - 40 years
	Residence Inn Indianapolis Downtown On The Canal	—			2,670			19,588			1,867		2,670		21,455		24,125		4,400		2006	15 - 40 years
	Residence Inn Longmont Boulder	6,164			1,407			10,321			779		1,407		11,100		12,507		2,251		2006	15 - 40 years
	Residence Inn Boulder Louisville	—			1,298			9,519			923		1,298		10,442		11,740		2,104		2006	15 - 40 years
	Residence Inn Louisville Northeast	6,782			1,319			9,675			730		1,319		10,405		11,724		2,072		2006	15 - 40 years
	Residence Inn Merrillville	—			595			4,372			1,243		595		5,615		6,210		1,321		2006	15 - 40 years
	Residence Inn Detroit Novi	6,214			1,427			10,445			91		1,427		10,536		11,963		2,225		2006	15 - 40 years
	Residence Inn Chicago Oak Brook	10,140			—			20,436			829		—		21,265		21,265		4,407		2006	15 - 40 years
	Residence Inn Fort Lauderdale Plantation	—			2,183			16,021			1,041		2,295		16,950		19,245		3,925		2006	15 - 40 years
	Residence Inn Salt Lake City Airport	—			875			6,416			1,170		875		7,586		8,461		1,457		2006	15 - 40 years
	Residence Inn San Antonio Downtown Market Sq	—			1,822			13,360			2,241		1,822		15,601		17,423		2,999		2006	15 - 40 years
					Initial Costs						Costs Capitalized Subsequent to Acquisition		Gross Amount at December 31, 2014
	Description	Debt			Land &			Building &			Land, Building &		Land &		Buildings &		Total (1)		Accumulated		Date	Depreciation
					Improvements			Improvements			Improvements		Improvements		Improvements				Depreciation		Acquired	Life
	Residence Inn South Bend	—			603			4,425			459		603		4,884		5,487		997		2006	15 - 40 years
	Residence Inn Houston Sugarland	—			1,100			8,073			1,315		1,100		9,388		10,488		1,941		2006	15 - 40 years
	Residence Inn Chicago Naperville	8,830			1,923			14,101			838		1,923		14,939		16,862		3,138		2006	15 - 40 years
	Residence Inn Louisville Downtown	—			1,815			13,308			744		1,815		14,052		15,867		2,712		2007	15 - 40 years
	Residence Inn Fort Lauderdale SW Miramar	—			1,692			12,409			1,467		1,692		13,876		15,568		2,366		2007	15 - 40 years
	Residence Inn Austin Downtown Convention Center	32,800			3,767			27,626			620		3,767		28,246		32,013		5,054		2007	15 - 40 years
	SpringHill Suites Austin North Parmer Lane	6,164			1,957			14,351			577		1,957		14,928		16,885		3,096		2006	15 - 40 years
	SpringHill Suites Austin South	—			1,605			11,768			719		1,605		12,487		14,092		2,551		2006	15 - 40 years
	SpringHill Suites Louisville Hurstbourne North	7,302			1,890			13,869			929		1,890		14,798		16,688		3,070		2006	15 - 40 years
	SpringHill Suites South Bend Mishawaka	5,049			983			7,217			263		983		7,480		8,463		1,693		2006	15 - 40 years
	SpringHill Suites Denver North Westminster	9,122			2,409			17,670			1,120		2,409		18,790		21,199		3,943		2006	15 - 40 years
	SpringHill Suites Boulder Longmont	—			1,144			8,388			694		1,144		9,082		10,226		1,745		2007	15 - 40 years
	Fairfield Inn & Suites Austin South Airport	—			505			3,702			474		505		4,176		4,681		819		2006	15 - 40 years
	Fairfield Inn & Suites Denver Cherry Creek	—			1,203			8,823			1,255		1,203		10,078		11,281		2,042		2006	15 - 40 years
	Fairfield Inn & Suites Chicago SE Hammond	—			722			5,301			1,098		722		6,399		7,121		1,229		2006	15 - 40 years
Fairfield Inn & Suites Key West	—			1,803			19,325			3,054		1,853		22,329		24,182		4,030		2006	15 - 40 years
Fairfield Inn & Suites Chicago Midway Airport	4,561			1,425			10,449			210		1,425		10,659		12,084		2,257		2006	15 - 40 years
Fairfield Inn & Suites San Antonio Dwntn Mkt	—			1,378			10,105			926		1,378		11,031		12,409		2,218		2006	15 - 40 years
Fairfield Inn & Suites Valparaiso	—			157			1,157			136		157		1,293		1,450		332		2006	15 - 40 years
				Initial Costs						Costs Capitalized Subsequent to Acquisition		Gross Amount at December 31, 2014
Description	Debt			Land &			Building &			Land, Building &		Land &		Buildings &		Total (1)		Accumulated		Date	Depreciation
				Improvements			Improvements			Improvements		Improvements		Improvements				Depreciation		Acquired	Life
Holiday Inn Express Merrillville	—			545			4,005			87		545		4,092		4,637		873		2006	15 - 40 years
Hampton Inn Chicago Midway Airport	—			2,747			20,143			2,288		2,747		22,431		25,178		4,534		2006	15 - 40 years
Hilton Garden Inn Chicago Midway Airport	—			2,978			21,842			953		2,978		22,795		25,773		4,746		2006	15 - 40 years
Sleep Inn Midway Airport	—			1,189			8,718			1,576		1,189		10,294		11,483		2,223		2006	15 - 40 years
Holiday Inn Express & Suites Midway Airport	—			1,874			13,742			231		1,874		13,973		15,847		2,987		2006	15 - 40 years
Hilton Garden Inn Bloomington	17,500			—			18,945			896		—		19,841		19,841		2,904		2009	15 - 40 years
TGI Friday's Chicago Midway	2,107			829			6,139			180		829		6,319		7,148		1,325		2006	15 - 40 years
SpringHill Suites Bakersfield	—			1,560			8,838			227		1,575		9,050		10,625		1,885		2007	15 - 40 years
Hampton Inn Suites Clearwater St Petersburg Ulmerton Road	—			1,106			12,721			1,069		1,114		13,782		14,896		2,445		2007	15 - 40 years
Hampton Inn Garden City	—			5,691			22,764			634		5,717		23,372		29,089		4,344		2007	15 - 40 years
Courtyard Houston By The Galleria	26,000			3,069			22,508			33		3,069		22,541		25,610		4,175		2007	15 - 40 years
Hampton Inn Fort Walton Beach	—			8,774			6,109			1,026		8,841		7,068		15,909		1,234		2007	15 - 40 years
Embassy Suites Los Angeles Downey	21,707			4,857			29,943			3,835		4,946		33,689		38,635		5,506		2008	15 - 40 years
Hyatt House Austin Arboretum	10,163			2,813			15,940			909		2,813		16,849		19,662		2,610		2008	15 - 40 years
Hyatt House Dallas Lincoln Park	17,168			3,169			17,958			480		3,250		18,357		21,607		2,981		2008	15 - 40 years
Hyatt House Dallas Uptown	12,136			2,241			12,698			601		2,290		13,250		15,540		2,082		2008	15 - 40 years
Hyatt House Houston Galleria	12,826			2,976			16,866			1,908		2,976		18,774		21,750		2,833		2008	15 - 40 years
Hilton Garden Inn New York West 35th Street	—			24,244			96,978			978		24,257		97,943		122,200		14,461		2009	15 - 40 years
Embassy Suites Tampa Downtown Convention Ctr	—			2,161			71,017			1,464		2,310		72,332		74,642		8,665		2010	15 - 40 years
				Initial Costs						Costs Capitalized Subsequent to Acquisition		Gross Amount at December 31, 2014
Description	Debt			Land &			Building &			Land, Building &		Land &		Buildings &		Total (1)		Accumulated		Date	Depreciation
				Improvements			Improvements			Improvements		Improvements		Improvements				Depreciation		Acquired	Life
Fairfield Inn & Suites Washington DC Downtown	—			16,214			22,265			4,786		16,307		26,958		43,265		3,529		2010	15 - 40 years
Embassy Suites Fort Myers Estero	—			2,816			7,862			242		2,859		8,061		10,920		1,120		2010	15 - 40 years
Homewood Suites Washington DC Downtown	33,000			23,139			34,188			901		23,140		35,088		58,228		3,925		2010	15 - 40 years
Hilton New York Fashion District	—			35,592			82,392			635		35,606		83,013		118,619		8,987		2010	15 - 40 years
Hampton Inn Suites Denver Tech Center	—			2,373			9,180			1,582		2,424		10,711		13,135		1,423		2010	15 - 40 years
Hotel Indigo New Orleans Garden District	—			1,901			3,865			11,746		2,080		15,432		17,512		1,827		2010	15 - 40 years
Residence Inn Columbia	—			1,993			11,487			1,563		2,030		13,013		15,043		1,593		2010	15 - 40 years
Residence Inn National Harbor Washington DC	—			7,457			37,046			92		7,462		37,133		44,595		3,927		2010	15 - 40 years
Residence Inn Silver Spring	—			3,945			18,896			996		3,973		19,864		23,837		2,367		2010	15 - 40 years
Hilton Garden Inn New Orleans Convention Center	—			3,405			20,750			3,660		3,428		24,387		27,815		2,867		2010	15 - 40 years
Hampton Inn West Palm Beach Arprt Central	—			2,280			9,769			439		2,280		10,208		12,488		1,198		2010	15 - 40 years
Hilton Garden Inn West Palm Beach Airport	—			1,206			10,811			310		1,215		11,112		12,327		1,228		2010	15 - 40 years
Hilton Garden Inn Los Angeles Hollywood	—			5,303			19,136			5,328		5,464		24,303		29,767		3,010		2010	15 - 40 years
DoubleTree Metropolitan Hotel New York City	—			140,332			188,014			15,736		140,435		203,647		344,082		21,744		2010	15 - 40 years
Embassy Suites Columbus	—			1,274			6,805			1,620		1,449		8,250		9,699		986		2011	15 - 40 years
Renaissance Pittsburgh Hotel	—			3,274			39,934			2,277		3,317		42,168		45,485		4,292		2011	15 - 40 years
Courtyard Atlanta Buckhead	—			2,860			21,668			1,363		2,875		23,016		25,891		2,412		2011	15 - 40 years
DoubleTree Hotel Columbia	—			1,933			6,486			3,553		2,020		9,952		11,972		1,278		2011	15 - 40 years
Marriott Denver Airport @ Gateway Park	26,500			3,083			38,356			2,321		3,153		40,607		43,760		4,243		2011	15 - 40 years
Embassy Suites West Palm Beach Central	—			3,656			9,614			5,110		3,770		14,610		18,380		2,002		2011	15 - 40 years
				Initial Costs						Costs Capitalized Subsequent to Acquisition		Gross Amount at December 31, 2014
Description	Debt			Land &			Building &			Land, Building &		Land &		Buildings &		Total (1)		Accumulated		Date	Depreciation
				Improvements			Improvements			Improvements		Improvements		Improvements				Depreciation		Acquired	Life
Hilton Garden Inn Durham Raleigh Research Triangle Park	—			1,751			4,763			5,238		1,813		9,939		11,752		1,597		2011	15 - 40 years
Hilton Garden Inn Pittsburgh University Place	—			1,975			18,490			6,679		2,034		25,110		27,144		3,111		2011	15 - 40 years
Hampton Inn Houston Near The Galleria	—			9,326			9,220			783		9,395		9,934		19,329		1,147		2011	15 - 40 years
Courtyard Charleston Historic District	—			2,714			35,828			460		2,736		36,266		39,002		2,980		2011	15 - 40 years
Residence Inn Bethesda Downtown	35,000			8,154			52,750			1,025		8,272		53,657		61,929		3,602		2012	15 - 40 years
Courtyard New York Manhattan Upper East Side	—			20,654			60,223			3,262		20,673		63,466		84,139		4,253		2012	15 - 40 years
Hilton Garden Inn San Francisco Oakland Bay Brg	—			11,902			22,758			1,734		11,947		24,447		36,394		1,660		2012	15 - 40 years
Embassy Suites Boston Waltham	—			6,268			56,025			2,682		6,298		58,677		64,975		3,346		2012	15 - 40 years
Courtyard Houston Downtown Convention Center	—			5,799			28,954			1,166		5,799		30,120		35,919		1,424		2013	15 - 40 years
Residence Inn Houston Downtown Convention Center	—			4,674			24,913			1,025		4,674		25,938		30,612		1,214		2013	15 - 40 years
SpringHill Suites Houston Downtown Convention Center	—			2,382			12,756			9,339		2,437		22,040		24,477		296		2013	15 - 40 years
Courtyard Waikiki Beach	—			557			79,033			704		660		79,634		80,294		3,214		2013	15 - 40 years
Courtyard San Francisco	—			11,277			18,198			10,844		11,289		29,030		40,319		—		2013	15 - 40 years
Residence Inn Atlanta Midtown Historic	—			2,812			6,044			5,852		2,908		11,800		14,708		95		2013	15 - 40 years
SpringHill Suites Portland Hillsboro	—			3,488			18,283			44		3,489		18,326		21,815		619		2013	15 - 40 years
Hilton Cabana Miami Beach	—			25,083			40,707			905		25,106		41,589		66,695		631		2014	15 - 40 years
Hyatt House Charlotte Center City	—			3,029			26,193			—		3,029		26,193		29,222		550		2014	15 - 40 years
Hyatt House Cypress Anaheim	—			3,995			9,164			1,790		4,149		10,800		14,949		224		2014	15 - 40 years
Hyatt House Emeryville San Francisco Bay Area	—			7,425			29,137			2,535		7,452		31,645		39,097		662		2014	15 - 40 years
				Initial Costs						Costs Capitalized Subsequent to Acquisition		Gross Amount at December 31, 2014
Description	Debt			Land &			Building &			Land, Building &		Land &		Buildings &		Total (1)		Accumulated		Date	Depreciation
				Improvements			Improvements			Improvements		Improvements		Improvements				Depreciation		Acquired	Life
Hyatt House San Diego Sorrento Mesa	—			10,419			21,289			959		10,511		22,156		32,667		482		2014	15 - 40 years
Hyatt House San Jose Silicon Valley	—			6,819			31,682			—		6,819		31,682		38,501		669		2014	15 - 40 years
Hyatt House San Ramon	—			5,713			11,852			251		5,717		12,099		17,816		277		2014	15 - 40 years
Hyatt House Santa Clara	—			8,044			27,703			348		8,044		28,051		36,095		587		2014	15 - 40 years
Hyatt Market Street The Woodlands	—			5,950			16,882			—		5,950		16,882		22,832		361		2014	15 - 40 years
Hyatt Place Fremont Silicon Valley	—			6,208			13,730			550		6,209		14,279		20,488		318		2014	15 - 40 years
Hyatt Place Madison Downtown	—			6,701			25,478			—		6,701		25,478		32,179		532		2014	15 - 40 years
Embassy Suites Irvine Orange County	—			15,062			33,048			114		15,062		33,162		48,224		574		2014	15 - 40 years
Courtyard Portland City Center	—			8,019			53,024			8		8,019		53,032		61,051		884		2014	15 - 40 years
Hyatt Atlanta Midtown	—			3,737			41,731			9		3,737		41,740		45,477		529		2014	15 - 40 years
DoubleTree Grand Key Resort	—			48,192			27,770			6		48,192		27,776		75,968		252		2014	15 - 40 years
	$	517,044		$	703,487		$	2,795,871		$	212,529	$	706,497	$	3,005,390	$	3,711,887	$	382,266
_______________________________________________________________________________
(1) The aggregate cost of real estate for federal income tax purposes is approximately $3.6 billion at December 31, 2014.
The change in total cost of properties for the years ended December 31, 2014, 2013, and 2012 is as follows:
	2014			2013			2012
Reconciliation of Land and Buildings and Improvements
Balance at beginning of period	$	3,461,251		$	3,218,610		$	2,908,626
Add: Acquisitions	573,936			219,169			238,731
Add: Improvements	59,485			30,309			72,149
Less: Disposition of properties	(142,581		)	(6,837		)	—
Less: Impairment loss	(9,200		)	—			(896		)
Less: Land, building and improvements of hotels held for sale	(231,004		)	—			—
Balance at end of period	$	3,711,887		$	3,461,251		$	3,218,610
The change in accumulated depreciation of real estate assets for the years ended December 31, 2014, 2013 and 2012 is as follows:
	2014			2013			2012
Reconciliation of Accumulated Depreciation
Balance at beginning of period	$	(367,306	)	$	(295,397	)	$	(228,809	)
Add: Depreciation for the period	(81,892		)	(73,556		)	(66,588		)
Less: Disposition of properties	24,383			1,647			—
Less: Accumulated depreciation of hotels held for sale	42,549			—			—
Balance at end of period	$	(382,266	)	$	(367,306	)	$	(295,397	)

Summary_of_Significant_Account1

Summary of Significant Accounting Policies (Policies)	12 Months Ended
	Dec. 31, 2014
Accounting Policies [Abstract]
Basis of Presentation and Principles of Consolidation	Basis of Presentation and Principles of Consolidation
	The consolidated financial statements have been prepared on the accrual basis of accounting in accordance with accounting principles generally accepted in the United States of America ("GAAP").
	The consolidated financial statements include the accounts of the Company, the Operating Partnership and its wholly-owned subsidiaries, including joint ventures. All intercompany balances have been eliminated in consolidation.
Use of Estimates	Use of Estimates
	The preparation of the Company’s financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of certain assets and liabilities and the amounts of contingent assets and liabilities at the balance sheet date and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.
Reporting Periods	Reporting Periods
	As of December 31, 2014, the Company owned five hotels that were managed by affiliates of Marriott International (“Marriott”).  Beginning January 1, 2013, the Company’s hotels managed by Marriott were accounted for on a calendar year basis.  Prior to January 1, 2013, the Company’s hotels managed by Marriott were accounted for on a fiscal year comprised of 52 or 53 weeks ending on the Friday closest to December 31. The Company’s results for the years ended December 31, 2012 include the results of operations for the Company’s Marriott-managed hotels for the 52-week period ended December 28, 2012.
Risks and Uncertainties	Risks and Uncertainties
	During the last economic recession, the Company experienced reduced demand for its hotel rooms and services. While uncertainty over the expected economic growth may impact the lodging industry and the Company's financial results and growth, the Company remains cautiously optimistic that its future financial results and growth will benefit from current economic conditions and favorable lodging fundamentals.
	At December 31, 2014, the Company owned hotels located in the New York, New York, Chicago, Illinois, Austin, Texas, Denver-Boulder, Colorado, Houston, Texas, and the Baltimore, Maryland-Washington, D.C. metropolitan areas that accounted for 13.7%, 10.0% and 8.3%, 7.3%, 5.7%, and 5.2%, respectively, of our total revenue. As a result, the Company is susceptible to adverse market conditions in these areas, including industry downturns, relocation of businesses and any oversupply of hotel rooms or a reduction in lodging demand.
	At December 31, 2014, the Company owned 93, 31 and 15 hotels that operate under Marriott, Hilton and Hyatt brands, respectively. As a result, the Company is subject to the potential risks associated with the concentration of its hotels under a limited number of brands. A negative public image or other adverse event that becomes associated with either of these brands could adversely affect hotels operated under the respective brand. If any of these brands suffers a significant decline in appeal to the traveling public, the revenues and profitability of the Company's branded hotels could be adversely affected.
	The Company owns 93 hotels that are managed by White Lodging Services Corporation ("WLS"). As a result, the Company is subject to the potential risks associated with the concentration of the majority of our hotels under a single management company. A negative public image or other adverse event that becomes associated with or impacts WLS could adversely affect the revenues and profitability of hotels that are managed by them.
Reclassifications	Reclassifications
	Certain prior year amounts in these financial statements have been reclassified to conform to the current year presentation with no impact to net income, shareholders’ equity or cash flows.
Revenue Recognition	Revenue Recognition
	The Company’s revenue comprises hotel operating revenue, such as room revenue, food and beverage revenue and revenue from other hotel operating departments (such as telephone, parking and other guest services). These revenues are recorded net of any sales and occupancy taxes collected from guests. All rebates or discounts are recorded as a reduction in revenue, and there are no material contingent obligations with respect to rebates and discounts offered by the hotels. All revenues are recorded on an accrual basis as earned. Appropriate allowances are made for doubtful accounts and are recorded as bad debt expenses. The allowances are calculated as a percentage of aged accounts receivable.  Cash received prior to guest arrival is recorded as an advance from the guest and recognized as revenue at the time of occupancy.
	Incentive payments received pursuant to entry into management agreements are deferred and amortized into income over the life of the respective agreements.  In May 2012, the Company received an incentive payment of $4.0 million related to purchasing a hotel and entering into a franchise agreement, which is being recognized over the remaining term of the franchise agreement.  As of December 31, 2014, there was approximately $3.7 million remaining to be recognized.
Fair Value of Financial Instruments	Fair Value of Financial Instruments
	The estimated fair values of financial instruments have been determined by the Company using available market information and appropriate valuation methods.  Considerable judgment is required in interpreting market data to develop the estimates of fair value.  Accordingly, the estimates presented herein are not necessarily indicative of the amounts that the Company could realize in a current market exchange.  The use of different market assumptions and/or estimation methods may have a material effect on the estimated fair value amounts.
Investment in Hotel and Other Properties	Investment in Hotels and Other Properties
	The Company’s acquisitions generally consist of land, land improvements, buildings, building improvements, furniture, fixtures and equipment ("FF&E"), and inventory. The Company may also acquire intangibles related to in-place leases, management agreements and franchise agreements when properties are acquired.  The Company allocates the purchase price among the assets acquired and liabilities assumed based on their respective fair values. Transaction costs are expensed for acquisitions that are considered business combinations and capitalized for asset acquisitions.
	The Company’s investments in hotels and other properties are carried at cost and are depreciated using the straight-line method over estimated useful lives of 15 years for land improvements, 15 years for building improvements, 40 years for buildings and three to five years for FF&E. Intangibles arising from acquisitions are amortized using the straight-line method over the non-cancelable portion of the term of the agreement.  Maintenance and repairs are expensed and major renewals or improvements are capitalized. Interest used to finance real estate under development is capitalized as an additional cost of development. Upon the sale or disposition of a property, the asset and related accumulated depreciation are removed from the accounts and the related gain or loss is included in gain or loss on disposal of hotel properties. Gain or loss from dispositions representing a strategic shift that had or will have a major effect on operations and final results will be presented as discontinued operations.
	In accordance with the guidance on impairment or disposal of long-lived assets, the Company does not consider "held for sale" classification until it is probable that the sale will be completed within one year and the other requisite criteria for such classification have been met. The Company does not depreciate properties so long as they are classified as held for sale. Upon designation as held for sale and quarterly thereafter, the Company reviews the realizability of the carrying value, less cost to sell, in accordance with the guidance. Any such adjustment in the carrying value is reflected as an impairment charge.
	The Company assesses carrying value whenever events or changes in circumstances indicate that the carrying amounts may not be fully recoverable. Recoverability is measured by comparison of the carrying amount to the estimated future undiscounted cash flows which take into account current market conditions and the Company’s intent with respect to holding or disposing of properties. If the Company’s analysis indicates that the carrying value is not recoverable on an undiscounted cash flow basis, it recognizes an impairment charge for the amount by which the carrying value exceeds the fair value. Fair value is determined through various valuation techniques, including internally developed discounted cash flow models, comparable market transactions and third party appraisals, where considered necessary.
	The use of projected future cash flows is based on assumptions that are consistent with a market participant’s future expectations for the travel industry and economy in general and the Company’s expected use of the underlying properties.  The assumptions and estimates about future cash flows and capitalization rates are complex and subjective.  Changes in economic and operating conditions that occur subsequent to a current impairment analysis and the Company’s ultimate use of the properties could impact these assumptions and result in future impairment charges with respect to the properties.
Cash and Cash Equivalents	Cash and Cash Equivalents
	All highly liquid investments with a maturity of three months or less when purchased are considered to be cash equivalents. The Company maintains cash balances in domestic banks, which, at times, may exceed the limits of amounts insured by the Federal Deposit Insurance Corporation.
Restricted Cash Reserves	Restricted Cash Reserves
	All cash that is required to be maintained in a reserve escrow account by a management agreement, franchise agreement and/or a mortgage agreement for replacement of furniture, fixtures and equipment and funding of real estate taxes and insurance is considered to be restricted cash reserves.
Hotel Receivables	Hotel Receivables
	Hotel receivables consist mainly of hotel guest and meeting and banquet room rental receivables. The Company does not generally require collateral, as ongoing credit evaluations are performed and an allowance for doubtful accounts is established against any receivable that is estimated to be uncollectible.
Deferred Financing Fees	Deferred Financing Fees
	Deferred financing fees relate to costs incurred to obtain long-term financing. Deferred financing fees are recorded at cost and are amortized using the straight-line method, which approximates the effective interest method, over the respective terms of the financing agreement, as applicable (see Note 6) and are included as a component of interest expense. The Company expenses unamortized deferred financing fees when the associated financing agreement is refinanced or repaid before maturity, unless criteria are met that would allow for the carryover of such costs to the refinanced agreement. For the years ended December 31, 2014, 2013 and 2012, approximately $4.3 million, $4.5 million and $5.4 million (excluding discontinued operations), respectively, of amortization expense was recorded as a component of interest expense. Accumulated amortization at December 31, 2014 and 2013 was approximately $6.8 million and $4.9 million, respectively.
Deferred Management Fees	Deferred Management Fees
	In June 2006, the Company made a one-time payment of $20.0 million to WLS in consideration for the agreement of WLS to enter into new management agreements on terms favorable to the Company. This payment was recorded at cost, and is being amortized as a component of management fee expense over the 20-year initial term of the management agreement. For each of the years ended December 31, 2014, 2013 and 2012, approximately $1.0 million (excluding discontinued operations) of amortization expense was recorded for deferred management fees. As of December 31, 2014 and 2013, accumulated amortization was approximately $7.9 million and $7.7 million, respectively.
Comprehensive Income (Loss)	Comprehensive Income
	Comprehensive income includes net income and other comprehensive income (loss). Other comprehensive income (loss) is comprised of unrealized gains and losses resulting from hedging activities.
Advertising Costs	Advertising Costs
	The Company expenses advertising costs as incurred. Advertising expense was approximately $3.7 million, $3.7 million and $4.4 million for the years ended December 31, 2014, 2013 and 2012 (excluding discontinued operations), respectively, and is included in other hotel operating expenses.
Transaction and Pursuit Costs	Transaction and Pursuit Costs
	The Company incurs costs during the review of potential property acquisitions and dispositions, including legal fees, architectural costs, environmental reviews and market studies. These costs are expensed as incurred.
Derivative Financial Instruments	Derivative Financial Instruments
	In the normal course of business, the Company is exposed to the effects of interest rate changes. As of December 31, 2014 and 2013, 89.4% and 87.0%, respectively, of the Company's borrowings were subject to variable rates. As of December 31, 2014 and 2013, after taking into consideration the effect of interest rate swaps, 16.0% and 30.8%, respectively, of the Company's borrowings were subject to variable rates. The Company limits the risks associated with interest rate changes by following the Company's established risk management policies and procedures, including the use of derivatives. The Company utilizes derivative financial instruments to manage, or hedge, interest rate risk. The Company attempts to require that hedging derivative instruments be effective in reducing the interest rate risk exposure that they are designated to hedge. This effectiveness is essential in order to qualify for hedge accounting. Instruments that meet these hedging criteria are formally designated as hedges at the inception of the derivative contract. When the terms of an underlying transaction are modified, or when the underlying hedged item ceases to exist, all changes in the fair value of the instrument are marked-to-market with changes in value included in net income each period until the instrument matures.
	The Company utilizes a variety of borrowing vehicles including an unsecured revolving credit facility and medium and long-term financings. To reduce the Company's susceptibility to interest rate variability, the Company uses interest rate instruments, typically interest rate swaps, to convert a portion of variable rate debt to fixed rate debt.
	Interest rate swap agreements contain a credit risk that counterparties may be unable to fulfill the terms of the agreement. The Company has minimized that risk by evaluating the creditworthiness of its counterparties, who are limited to major banks and financial institutions, and it does not anticipate nonperformance by the counterparties.
	Gains and losses on derivatives determined to be effective hedges are reported in other comprehensive income (loss) and are reclassified to earnings in the period in which earnings are affected by the underlying hedged item. The ineffective portion of all hedged items is recognized in earnings in the current period.
Distributions by the Company	Distributions by the Company
	The Company's board of trustees determines the amount of future distributions based upon various factors including operating results, economic conditions, other operating trends, the Company's financial condition and capital requirements, as well as minimum REIT distribution requirements. The Company's ability to make distributions is dependent on receipt of quarterly distributions from the Operating Partnership and the Operating Partnership's ability to make distributions is dependent upon the results of operations of the hotels.
Noncontrolling Interests	Noncontrolling Interests
	The consolidated financial statements include all subsidiaries controlled by the Company. For controlled subsidiaries that are not wholly-owned, the noncontrolling interests in these subsidiaries are presented separately in the consolidated financial statements. As of December 31, 2014 the Company consolidated DBT Met Hotel Venture, LP, a majority-owned partnership that has a third-party, noncontrolling 1.9% ownership interest. The third-party partnership interest is included in noncontrolling interest in joint venture on the consolidated balance sheet. Profits and losses are allocated in proportion to each party's respective ownership interest.
	As of December 31, 2014, the Company consolidates the Operating Partnership, which is a majority-owned partnership that has a third-party, noncontrolling 0.7% ownership interest. The third-party partnership interest is included in noncontrolling interest in Operating Partnership on the consolidated balance sheet. Profits and losses are allocated in proportion to each party's respective ownership interest.
Income Taxes	Income Taxes
	The Company has elected to be taxed as a real estate investment trust under Sections 856 through 860 of the Internal Revenue Code, as amended, commencing with the taxable year ended December 31, 2011. 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 REIT taxable income, subject to certain adjustments and excluding any net capital gain. The Company's current intention is to adhere to these requirements and maintain the qualification for taxation as a REIT. As a REIT, the Company generally is not subject to federal corporate income tax on that portion of net income that is currently distributed. If the Company fails to qualify for taxation as a REIT in any taxable year, it will be subject to federal income taxes at regular corporate rates (including any applicable alternative minimum tax) and may not be able to qualify as a REIT for four subsequent taxable years. Even if the Company qualifies for taxation as a REIT, it may be subject to certain state and local taxes on income and property, and to federal income and excise taxes on undistributed taxable income.
	Taxable income from non-REIT activities managed through taxable REIT subsidiaries is subject to federal, state and local income taxes. The taxable REIT subsidiary is required to pay income taxes at the applicable rates. The consolidated income tax provision or benefit includes the income tax provision or benefit related to the operations of the taxable REIT subsidiary as well as state income taxes incurred.
	Where required, deferred income taxes are accounted for using the asset and liability method. Under this method, deferred income taxes are recognized for temporary differences between the financial reporting bases of assets and liabilities and their respective income tax bases and for operating loss, capital loss and tax credit carryforwards based on enacted income tax rates expected to be in effect when such amounts are realized or settled. However, deferred tax assets are recognized only to the extent that is more likely than not they will be realized based on consideration of available evidence, including future reversals of existing taxable temporary differences, future projected taxable income and tax planning strategies.
	The Company performs an annual review for any uncertain tax positions and, if necessary, will record expected future tax consequences of uncertain tax positions in the financial statements. At December 31, 2014 and 2013, the Company did not identify any uncertain tax positions.
Earnings Per Share	Earnings Per Share
	Basic earnings per common share is calculated by dividing net income attributable to common shareholders by the weighted-average number of common shares outstanding during the period excluding the weighted-average number of unvested restricted shares outstanding during the period.  Diluted earnings per common share is calculated by dividing net income attributable to common shareholders by the weighted-average number of common shares outstanding during the period, plus any shares that could potentially be outstanding during the period.  Potential shares consist of unvested restricted share grants and unvested performance units, calculated using the treasury stock method.  Any anti-dilutive shares have been excluded from the diluted earnings per share calculation.
Share-based Compensation	Share-based Compensation
	From time to time, the Company may issue share-based awards under the 2011 Equity Incentive Plan (the "2011 Plan"), as compensation to officers, employees and non-employee trustees (see Note 11). The vesting of awards issued to officers and employees is based on either continued employment (time-based) or based on the relative total shareholder returns of the Company and continued employment (performance-based), as determined by the board of trustees at the date of grant. The Company recognizes, for time-based awards, compensation expense for non-vested shares on a straight-line basis over the vesting period based upon the fair market value of the shares on the date of grant, adjusted for forfeitures.  The Company recognizes, for performance-based awards, compensation expense over the requisite service period for each award, based on the fair market value of the shares on the date of grant, as determined using a Monte Carlo simulation, adjusted for forfeitures.
Regulatory Environmental Costs, Policy [Policy Text Block]	Environmental
	The Company is subject to various federal, state and local environmental regulations related to its property ownership and operation. The Company has performed environmental assessments of its properties, the results of which have not revealed any environmental liability that the Company believes would have a materially adverse effect on its financial position, operations or liquidity.

Summary_of_Significant_Account2

Summary of Significant Accounting Policies Environmental (Policies)	12 Months Ended
	Dec. 31, 2014
Environmental Remediation Obligations [Abstract]
Regulatory Environmental Costs, Policy [Policy Text Block]	Environmental
	The Company is subject to various federal, state and local environmental regulations related to its property ownership and operation. The Company has performed environmental assessments of its properties, the results of which have not revealed any environmental liability that the Company believes would have a materially adverse effect on its financial position, operations or liquidity.

Acquisition_of_Hotel_and_Other1

Acquisition of Hotel and Other Properties (Tables)	12 Months Ended
	Dec. 31, 2014
Business Combinations [Abstract]
Schedule of Business Acquisitions, by Acquisition [Table Text Block]	During the year ended December 31, 2014, the Company acquired a 100% interest in the following properties:
	Property		Location	Acquisition Date		Management Company		Rooms	Purchase Price (in thousands)
	Hyatt House Charlotte Center City		Charlotte, NC	March 12, 2014		Hyatt Affiliate		163	$	32,496
	Hyatt House Cypress Anaheim		Cypress, CA	March 12, 2014		Hyatt Affiliate		142	14,753
	Hyatt House Emeryville San Francisco Bay Area		Emeryville, CA	March 12, 2014		Hyatt Affiliate		234	39,274
	Hyatt House San Diego Sorrento Mesa		San Diego, CA	March 12, 2014		Hyatt Affiliate		193	35,985
	Hyatt House San Jose Silicon Valley		San Jose, CA	March 12, 2014		Hyatt Affiliate		164	44,159
	Hyatt House San Ramon		San Ramon, CA	March 12, 2014		Hyatt Affiliate		142	20,833
	Hyatt House Santa Clara		Santa Clara, CA	March 12, 2014		Hyatt Affiliate		150	40,570
	Hyatt Market Street The Woodlands		The Woodlands, TX	March 12, 2014		Hyatt Corporation		70	25,817
	Hyatt Place Fremont Silicon Valley		Fremont, CA	March 12, 2014		Hyatt Affiliate		151	23,525
	Hyatt Place Madison Downtown		Madison, WI	March 12, 2014		Hyatt Affiliate		151	35,088
	Courtyard Portland City Center		Portland, OR	May 22, 2014		Sage Hospitality		256	67,000
	Embassy Suites Irvine Orange County		Irvine, CA	May 22, 2014		Sage Hospitality		293	53,000
	Hilton Cabana Miami Beach		Miami, FL	June 19, 2014		Highgate Hotels		231	71,700
	Hyatt Atlanta Midtown		Atlanta, GA	July 14, 2014		Interstate Hotels and Resorts		194	49,500
	DoubleTree Grand Key Resort (1)		Key West, FL	September 11, 2014		Interstate Hotels and Resorts		215	78,250
								2,749	$	631,950
	_______________________________________________________________________________
	(1) Purchase price includes $1.3 million paid for five condominium units.
	During the year ended December 31, 2013, the Company acquired a 100% interest in the following properties:
	Property		Location	Acquisition Date		Management Company		Rooms	Purchase Price (in thousands)
	Courtyard Houston Downtown Convention Center		Houston, TX	March 19, 2013		White Lodging Services		191	$	34,308
	Residence Inn Houston Downtown Convention Center		Houston, TX	March 19, 2013		White Lodging Services		171	29,421
	SpringHill Suites Houston Downtown Convention Center (1)		Houston, TX	March 19, 2013		n/a		82	15,547
	Courtyard Waikiki Beach		Honolulu, HI	June 17, 2013		Highgate Hotels		399	75,250
	Courtyard San Francisco (1)		San Francisco, CA	June 21, 2013		n/a		150	29,475
	Residence Inn Atlanta Midtown Historic (2)		Atlanta, GA	August 6, 2013		Interstate Hotels and Resorts		78	4,731
	SpringHill Suites Portland Hillsboro		Hillsboro, OR	October 8, 2013		InnVentures		106	24,000
								1,177	$	212,732
	_______________________________________________________________________________
	-1	The property is not currently open for operations.
	-2	On August 6, 2013, the Company was a successful bidder at a foreclosure sale of the property collateralizing the non-performing loan for a purchase price of $4.7 million, which was equal to the Company's basis in the mortgage loan. The Company recorded a gain of $4.3 million related to the property acquired and a gain of $0.6 million related to other assets acquired and liabilities assumed for a total gain on foreclosure of $4.9 million.
Schedule of allocation of purchase price for the properties acquired	The allocation of purchase price for the properties acquired was as follows (in thousands):
		For the year ended December 31,
		2014			2013
	Land and land improvements	$	164,396		$	30,989
	Buildings and improvements	409,540			188,180
	Furniture, fixtures and equipment	57,575			8,755
	Intangible and other assets	439			650
	Intangible and other liabilities	—			(3,695		)
	Above market ground lease	—			(7,878		)
		631,950			217,001
	Bargain purchase gain	—			(4,269		)
	Total purchase price	$	631,950		$	212,732
Schedule of total revenues and net loss from the properties acquired	For the properties acquired during the year ended December 31, 2014 total revenues and net income from the date of acquisition through December 31, 2014 are included in the accompanying consolidated statements of operations as follows (in thousands):
		For the year ended December 31,
		2014
	Total Revenue	$	106,306
	Net income	$	18,773
	For the properties acquired during the year ended December 31, 2013 total revenues and net income from the date of acquisition through December 31, 2013 are included in the accompanying consolidated statements of operations as follows (in thousands):
		For the year ended December 31,
		2013
	Total Revenue	$	28,330
	Net income	$	7,050
Schedule of unaudited condensed pro forma financial information	he unaudited condensed pro forma financial information is as follows (in thousands, except share and per share data):
		For the year ended December 31,
		2014			2013
		(unaudited)
	Total revenue	$	1,151,088		$	1,112,475
	Net income attributable to common shareholders	$	145,286		$	141,102
	Net income per share attributable to common shareholders - basic	$	1.14		$	1.2
	Net income per share attributable to common shareholders - diluted	$	1.13		$	1.19
	Weighted average number of shares outstanding - basic	127,360,669			117,950,066
	Weighted average number of shares outstanding - diluted	128,293,843			118,738,626

Investment_in_Hotel_and_Other_1

Investment in Hotel and Other Properties (Tables)	12 Months Ended
	Dec. 31, 2014
Property, Plant and Equipment [Abstract]
Schedule of Business Acquisitions, by Acquisition [Table Text Block]	During the year ended December 31, 2014, the Company acquired a 100% interest in the following properties:
	Property		Location		Acquisition Date		Management Company		Rooms	Purchase Price (in thousands)
	Hyatt House Charlotte Center City		Charlotte, NC		March 12, 2014		Hyatt Affiliate		163	$	32,496
	Hyatt House Cypress Anaheim		Cypress, CA		March 12, 2014		Hyatt Affiliate		142	14,753
	Hyatt House Emeryville San Francisco Bay Area		Emeryville, CA		March 12, 2014		Hyatt Affiliate		234	39,274
	Hyatt House San Diego Sorrento Mesa		San Diego, CA		March 12, 2014		Hyatt Affiliate		193	35,985
	Hyatt House San Jose Silicon Valley		San Jose, CA		March 12, 2014		Hyatt Affiliate		164	44,159
	Hyatt House San Ramon		San Ramon, CA		March 12, 2014		Hyatt Affiliate		142	20,833
	Hyatt House Santa Clara		Santa Clara, CA		March 12, 2014		Hyatt Affiliate		150	40,570
	Hyatt Market Street The Woodlands		The Woodlands, TX		March 12, 2014		Hyatt Corporation		70	25,817
	Hyatt Place Fremont Silicon Valley		Fremont, CA		March 12, 2014		Hyatt Affiliate		151	23,525
	Hyatt Place Madison Downtown		Madison, WI		March 12, 2014		Hyatt Affiliate		151	35,088
	Courtyard Portland City Center		Portland, OR		May 22, 2014		Sage Hospitality		256	67,000
	Embassy Suites Irvine Orange County		Irvine, CA		May 22, 2014		Sage Hospitality		293	53,000
	Hilton Cabana Miami Beach		Miami, FL		June 19, 2014		Highgate Hotels		231	71,700
	Hyatt Atlanta Midtown		Atlanta, GA		July 14, 2014		Interstate Hotels and Resorts		194	49,500
	DoubleTree Grand Key Resort (1)		Key West, FL		September 11, 2014		Interstate Hotels and Resorts		215	78,250
									2,749	$	631,950
	_______________________________________________________________________________
	(1) Purchase price includes $1.3 million paid for five condominium units.
	During the year ended December 31, 2013, the Company acquired a 100% interest in the following properties:
	Property		Location		Acquisition Date		Management Company		Rooms	Purchase Price (in thousands)
	Courtyard Houston Downtown Convention Center		Houston, TX		March 19, 2013		White Lodging Services		191	$	34,308
	Residence Inn Houston Downtown Convention Center		Houston, TX		March 19, 2013		White Lodging Services		171	29,421
	SpringHill Suites Houston Downtown Convention Center (1)		Houston, TX		March 19, 2013		n/a		82	15,547
	Courtyard Waikiki Beach		Honolulu, HI		June 17, 2013		Highgate Hotels		399	75,250
	Courtyard San Francisco (1)		San Francisco, CA		June 21, 2013		n/a		150	29,475
	Residence Inn Atlanta Midtown Historic (2)		Atlanta, GA		August 6, 2013		Interstate Hotels and Resorts		78	4,731
	SpringHill Suites Portland Hillsboro		Hillsboro, OR		October 8, 2013		InnVentures		106	24,000
									1,177	$	212,732
	_______________________________________________________________________________
	-1	The property is not currently open for operations.
	-2	On August 6, 2013, the Company was a successful bidder at a foreclosure sale of the property collateralizing the non-performing loan for a purchase price of $4.7 million, which was equal to the Company's basis in the mortgage loan. The Company recorded a gain of $4.3 million related to the property acquired and a gain of $0.6 million related to other assets acquired and liabilities assumed for a total gain on foreclosure of $4.9 million.
Schedule of investment in hotel and other properties	Investment in hotels and other properties as of December 31, 2014 and 2013 consisted of the following (in thousands):
		December 31, 2014				December 31, 2013
	Land and land improvements	$	706,497			$	594,402
	Buildings and improvements	3,005,390				2,866,849
	Furniture, fixtures and equipment	498,126				485,531
	Intangible assets	2,507				2,507
		4,212,520				3,949,289
	Accumulated depreciation and amortization	(693,717		)		(708,126		)
	Investment in hotel and other properties, net	$	3,518,803			$	3,241,163

Discontinued_Operations_Tables

Discontinued Operations (Tables)	12 Months Ended
	Dec. 31, 2014				Dec. 31, 2013
Discontinued Operations and Disposal Groups [Abstract]
Disposal Group, Schedule of Property Disposed During Period [Table Text Block]	During the year ended December 31, 2014, the Company disposed of 18 hotel properties in eight separate transactions for a total sale price of approximately $137.8 million. In conjunction with these transactions, the Company recorded a $0.4 million gain on disposal, which is included in the accompanying consolidated statement of operations. Additionally, the Company completed a legal defeasance of the mortgage indebtedness secured by three of the properties that were sold. The cost of the defeasance was approximately $0.8 million, which is included in interest expense in the accompanying consolidated statement of operations.				During 2013, the Company disposed of three properties in three separate transactions. The operating results for the year ended December 31, 2013 for these properties are included in discontinued operations in the accompanying consolidated statement of operations.
	The following table provides a list of properties that were disposed of during the year ended December 31, 2014:
					Property Name		Location	Disposal Date	Rooms
	Property Name	Location	Disposal Date	Rooms	SpringHill Suites Southfield (1)		Southfield, MI	May 30, 2013	84
	Courtyard Denver Southwest Lakewood	Lakewood, CO	February 20, 2014	90
					Courtyard Goshen (2)		Goshen, IN	August 28, 2013	91
	Residence Inn Denver Southwest Lakewood	Lakewood, CO	February 20, 2014	102
					Fairfield Inn & Suites Memphis		Memphis, TN	November 18, 2013	63
	Hyatt House Colorado Springs	Colorado Springs, CO	February 20, 2014	125
								Total	238
	SpringHill Suites Gainesville	Gainesville, FL	February 20, 2014	126
					_______________________________________________________________________________
	Residence Inn Indianapolis Airport	Indianapolis, IN	February 20, 2014	95
					-1	In November 2011, the Company elected to cease the subsidization of debt service on the mortgage loan secured by the SpringHill Suites Southfield, Michigan. In January 2012, the Company received notice of an event of default for failure to make the required monthly payments. Under the terms of the mortgage loan, the lender received the monthly net cash from operations from the hotel. In December 2012, the Company entered into a deed in lieu of foreclosure agreement with the lender, providing for a consensual transfer of the property to the lender or its designee.  On May 30, 2013, the Company transferred title to the hotel to the lender pursuant to the deed in lieu of foreclosure arrangement.  The Company recorded a gain on extinguishment of indebtedness of approximately $2.4 million to discontinued operations at that time.
	Fairfield Inn & Suites Indianapolis Airport	Indianapolis, IN	February 20, 2014	86
					-2	In November 2011, the Company elected to cease the subsidization of debt service on the mortgage loan secured by the Courtyard Goshen, Indiana.  In December 2011, the Company received notice of an event of default for failure to make the required monthly payments. In May 2012, a receiver took control of the property for the benefit of the lender of the mortgage loan. On August 28, 2013, the property was sold at a foreclosure auction and was purchased by an affiliate of the lender. The Company recorded a gain on extinguishment of indebtedness of approximately $3.3 million to discontinued operations at that time.
	Courtyard Grand Rapids Airport	Kentwood, MI	February 20, 2014	84
					In February 2013, the Goshen lender filed suit against the Company claiming amounts due from the Company in its capacity as a guarantor of certain borrower obligations and has continued to pursue this claim following the sale of the property.  The Company disputes that any amounts are owed to the lender under the guaranty and is defending itself against this claim.
	Hampton Inn Suites Las Vegas Red Rock Summerlin	Las Vegas, NV	February 20, 2014	106
	Courtyard Austin University Area	Austin, TX	February 20, 2014	198
	Fairfield Inn & Suites Austin University Area	Austin, TX	February 20, 2014	63
	Hyatt House Dallas Richardson	Richardson, TX	February 20, 2014	130
	Hilton Garden Inn St. George	St. George, UT	February 25, 2014	150
	Hilton Mystic	Mystic, CT	March 26, 2014	182
	Holiday Inn Austin NW Arboretum Area	Austin, TX	June 18, 2014	194
	Courtyard Benton Harbor St Joseph	Benton Harbor, MI	December 16, 2014	98
	Courtyard Valparaiso	Valparaiso, IN	December 17, 2014	111
	Courtyard Merrillville	Merrillville, IN	December 18, 2014	112
	Courtyard Fort Wayne	Fort Wayne, IN	December 19, 2014	142
			Total	2,194
Schedule of operating results of discontinued operations	Operating results of discontinued operations were as follows (in thousands):

Debt_Tables

Debt (Tables)	12 Months Ended
	Dec. 31, 2014
Debt Disclosure [Abstract]
Schedule of Revolver and Term Loans	As of December 31, 2014 and for the years ended December 31, 2014, 2013 and 2012, details of the credit facilities are as follows (in thousands):
									Interest expense for the year ended December 31,
		Outstanding borrowings at December 31, 2014			Maturity Date		Interest Rate at December 31, 2014 (1)		2014			2013		2012
	Revolver (2)(3)	$	—		Nov-16		n/a		$	1,177		$	1,222	$	158
	2013 Five-Year Term Loan (4)	400,000			Aug-18		3.07%		12,264			3,850		—
	2012 Five-Year Term Loan (5)	400,000			Mar-19		2.37%		6,902			5,453		662
	2012 Seven-Year Term Loan (6)	225,000			Nov-19		4.04%		9,217			5,049		359
	2014 Seven-Year Term Loan (7)	—			Jan-22		n/a		—			—		—
	Prior Credit Facility (8)	—					n/a		—			—		2,345
	Total	$	1,025,000						$	29,560		$	15,574	$	3,524
	_______________________________________________________________________________
	-1	Interest rate at December 31, 2014 gives effect to interest rate hedges and LIBOR floors, as applicable.
	-2	At December 31, 2014 there was $300.0 million of borrowing capacity on the Revolver.
	-3	Includes the unused facility fee of $1.0 million, $1.0 million and $0.1 million for the years ended December 31, 2014, 2013 and 2012, respectively.
	-4	Includes interest expense related to an interest rate hedge of $5.1 million and $1.6 million for years ended December 31, 2014 and 2013, respectively.
	-5	Includes interest expense related to an interest rate hedge of $0.2 million for the year ended December 31, 2014.
	-6	Includes interest expense related to an interest rate hedge of $4.2 million and $1.3 million for years ended December 31, 2014 and 2013, respectively.
	-7	At December 31, 2014 there was $150.0 million of borrowing capacity on the 2014 Seven-Year Term Loan.
	-8	The Company entered into an unsecured revolving credit facility (the "Prior Credit Facility") on June 20, 2011. On November 20, 2012, the Prior Credit Facility was amended and restated in its entirety and replaced with the Revolver and 2012 Five-Year Term Loan. Includes the unused facility fee of $0.7 million for the year ended December 31, 2012.
Schedule of mortgage loans	As of December 31, 2014 and December 31, 2013, the Company was subject to the following mortgage loans (in thousands):
											Principal balance at,
	Lender		Number of Assets Encumbered	Interest Rate at December 31, 2014 (1)				Maturity Date			31-Dec-14				December 31, 2013
	Capmark Financial Group		1	5.55%				May-15		-2	$	10,513			$	10,916
	Capmark Financial Group		1	5.55%				Jun-15		-2	4,561				4,736
	Barclay's Bank		12	5.55%				Jun-15		-2	107,544				111,632
	Barclay's Bank		4	5.60%				Jun-15		-2	26,775				27,804
	Capmark Financial Group		1	5.50%				Jul-15		-2	6,214				6,450
	Barclay's Bank		1	5.44%				Sep-15		-2	10,140				10,521
	PNC Bank (3)		5	2.51%		-4		May-16		-5	74,000				85,000
	Wells Fargo (6)		4	4.19%		-4		Sep-16		-7	150,000				150,000
	Wells Fargo		4	4.06%		-4		Oct-17		-7	143,000				—
	Wells Fargo							Oct-14			—				142,000
	Capmark Financial Group							Apr-15			—				4,068
	Barclay's Bank							Jun-15			—				2,475
	Barclay's Bank							Jun-15			—				4,063
			33								$	532,747			$	559,665
	_______________________________________________________________________________
	-1	Interest rate at December 31, 2014 gives effect to interest rate hedges and LIBOR floors, as applicable.
	-2	The Company is currently evaluating its options for repayment of these mortgage loans.
	-3	The five hotels encumbered by the PNC Bank loan are cross-collateralized.
	-4	Requires payments of interest only until the commencement of the extension period(s).
	-5	Maturity date may be extended for one one-year term at the Company’s option, subject to certain lender requirements.
	-6	Two of the four hotels encumbered by the Wells Fargo loans are cross-collateralized.
	-7	Maturity date may be extended for four one-year terms at the Company’s option, subject to certain lender requirements.
Schedule of maturities	As of December 31, 2014, future minimum principal payments on debt were as follows (in thousands):
	2015	$	165,747
	2016	224,000
	2017	143,000
	2018	400,000
	2019	625,000
	Thereafter	—
		$	1,557,747

Derivatives_and_Hedging_Tables

Derivatives and Hedging (Tables)	12 Months Ended
	Dec. 31, 2014
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Schedule of interest rate swaps and caps	As of December 31, 2014 and December 31, 2013, the Company had entered into the following interest rate swaps (in thousands):
		Notional value at						Fair value at
	Hedge type	31-Dec-14		December 31, 2013		Hedge interest rate	Maturity	31-Dec-14			December 31, 2013
	Swap-cash flow	$	275,000	$	275,000	1.12%	Nov-17	$	(232	)	$	3,161
	Swap-cash flow	175,000		175,000		1.56%	Mar-18	(2,182		)	(1,866		)
	Swap-cash flow	175,000		175,000		1.64%	Mar-18	(2,596		)	(2,406		)
	Swap-cash flow	16,500		16,500		1.83%	Sep-18	(315		)	(238		)
	Swap-cash flow	16,500		16,500		1.75%	Sep-18	(270		)	(181		)
	Swap-cash flow	40,500		40,500		1.83%	Sep-18	(772		)	(585		)
	Swap-cash flow	41,500		41,500		1.75%	Sep-18	(678		)	(456		)
	Swap-cash flow	18,000		18,000		1.83%	Sep-18	(343		)	(260		)
	Swap-cash flow	17,000		17,000		1.75%	Sep-18	(278		)	(187		)
	Swap-cash flow	125,000		125,000		2.02%	Mar-19	(3,073		)	(1,838		)
	Swap-cash flow	100,000		100,000		1.94%	Mar-19	(2,145		)	(1,085		)
	Swap-cash flow	50,000		—		1.80%	Oct-20	(242		)	—
	Swap-cash flow	50,000		—		1.85%	Oct-20	(387		)	—
	Swap-cash flow	43,000		—		1.77%	Oct-20	(131		)	—
		$	1,143,000	$	1,000,000			$	(13,644	)	$	(5,941	)

Fair_Value_Tables

Fair Value (Tables)	12 Months Ended
	Dec. 31, 2014
Fair Value Disclosures [Abstract]
Schedule of fair value hierarchy for financial assets and liabilities measured at fair value on a recurring basis	The following table presents the Company’s fair value hierarchy for those financial assets and liabilities measured at fair value on a recurring basis as of December 31, 2014 (in thousands):
		Fair Value at December 31, 2014
		Level 1		Level 2			Level 3		Total
	Interest rate swap asset	$	—	$	—		$	—	$	—
	Interest rate swap liability	$	—	$	(13,644	)	$	—	$	(13,644	)
	Total	$	—	$	(13,644	)	$	—	$	(13,644	)
	The following table presents the Company’s fair value hierarchy for those financial assets and liabilities measured at fair value on a recurring basis as of December 31, 2013 (in thousands):
		Fair Value at December 31, 2013
		Level 1		Level 2			Level 3		Total
	Interest rate swap asset	$	—	$	3,161		$	—	$	3,161
	Interest rate swap liability	$	—	$	(9,102	)	$	—	$	(9,102	)
	Total	$	—	$	(5,941	)	$	—	$	(5,941	)

Commitments_and_Contingencies_

Commitments and Contingencies (Tables)	12 Months Ended
	Dec. 31, 2014
Commitments and Contingencies Disclosure [Abstract]
Schedule of future minimum ground lease payments	As of December 31, 2014, future minimum ground lease payments are as follows (in thousands):
		2015		2016		2017		2018		2019		Thereafter		Total
	Future minimum ground lease payments	$	4,650	$	4,650	$	4,650	$	4,650	$	4,650	$	424,143	$	447,393
Schedule of hotel properties operated pursuant to long-term agreements with fifteen management companies	As of December 31, 2014, 144 of the Company's hotel properties were operated pursuant to long-term agreements with initial terms ranging from 3 to 25 years, with 16 management companies as follows in the table below. This number includes five and ten hotels that receive the benefits of a franchise agreement pursuant to management agreements with Marriott and Hyatt, respectively.
	Management Company	Number of
		Hotels
	Aimbridge Hospitality	2
	Concord Hospitality Enterprises Company	1
	Crescent Hotels and Resorts	1
	Crestline Hotels and Resorts	1
	Davidson Hotels and Resorts	1
	Embassy Suites Management	3
	HEI Hotels and Resorts	1
	Highgate Hotels	6
	Hyatt Corporation and affiliates	10
	Interstate Hotels and Resorts (1)	10
	InnVentures	1
	K Partners Hospitality Group	1
	Marriott Hotel Services	5
	Sage Hospitality	4
	Urgo Hotels	4
	WLS	93
		144
	_______________________________________________________________________________
	-1	Includes agreements entered into with Noble Management Group, a wholly-owned subsidiary of Interstate Hotels and Resorts.

Equity_Incentive_Plan_Tables

Equity Incentive Plan (Tables) (Restricted share awards)	12 Months Ended
	Dec. 31, 2014
Restricted share awards
Equity Incentive Plan
Summary of the non-vested shares	A summary of the non-vested shares as of December 31, 2014, 2013 and 2012 is as follows:
		2014				2013				2012
		Number of		Weighted Average		Number of		Weighted Average		Number of		Weighted Average
		Shares		Grant Date Fair		Shares		Grant Date Fair		Shares		Grant Date Fair
				Value				Value				Value
	Unvested at January 1,	932,800		$	18.99	1,013,673		$	17.8	970,288		$	17.93
	Granted (1)	348,234		24.46		383,187		21.25		445,176		17.23
	Vested (1)	(537,988	)	19.44		(458,808	)	18.24		(374,913	)	17.46
	Forfeited	(11,587	)	22.89		(5,252	)	20.07		(26,878	)	17.8
	Unvested at December 31,	731,459		$	21.21	932,800		$	18.99	1,013,673		$	17.8
	_______________________________________________________________________________
	-1	For the years ended December 31, 2014, 2013 and 2012, respectively, includes 4,347, 5,357 and 8,530 unrestricted shares issued in lieu of cash compensation to non-employee trustees at a weighted average grant date fair value of $29.31, $23.20 and $18.75, respectively.

Earnings_per_Common_Share_Tabl

Earnings per Common Share (Tables)	12 Months Ended
	Dec. 31, 2014
Earnings Per Share [Abstract]
Schedule of computation of basic and diluted earnings per common share	The computation of basic and diluted earnings per common share is as follows (in thousands, except share and per share data):
		For the year ended December 31,
		2014			2013			2012
	Numerator:
	Income from continuing operations attributable to common shareholders, including gain on disposal of hotel properties	$	135,441		$	105,539		$	43,423
	Add: Income (loss) from discontinued operations	—			7,382			(2,125		)
	Net income attributable to common shareholders	135,441			112,921			41,298
	Less: Dividends paid on unvested restricted shares	(951		)	(936		)	(802		)
	Less: Undistributed earnings attributable to unvested restricted shares	—			(61		)	—
	Net income attributable to common shareholders excluding amounts attributable to unvested restricted shares	$	134,490		$	111,924		$	40,496
	Denominator:
	Weighted-average number of common shares - basic	127,360,669			117,950,066			105,423,604
	Unvested restricted shares	316,020			251,217			59,587
	Unvested performance units	617,154			537,343			265,495
	Weighted-average number of common shares - diluted	128,293,843			118,738,626			105,748,686
	Basic per common share data:
	Net income per share attributable to common shareholders before discontinued operations - basic	$	1.06		$	0.89		$	0.4
	Discontinued operations	—			0.06			(0.02		)
	Net income per share attributable to common shareholders - basic	$	1.06		$	0.95		$	0.38
	Diluted per common share data:
	Net income per share attributable to common shareholders before discontinued operations - diluted	$	1.05		$	0.88		$	0.4
	Discontinued operations	—			0.06			(0.02		)
	Net income per share attributable to common shareholders - diluted	$	1.05		$	0.94		$	0.38

Income_Taxes_Tables

Income Taxes (Tables)	12 Months Ended
	Dec. 31, 2014
Income Tax Disclosure [Abstract]
Schedule of cash distributions for federal income tax purposes	For federal income tax purposes, the cash distributions paid for the years ended December 31, 2014 and 2013 are characterized as follows:
		For the Years Ended December 31,
		2014			2013
	Common distributions
	Ordinary income	100	%		100	%
	Return of capital	—			—
	Capital gains	—			—
		100	%		100	%
Schedule of components of the income tax provision from continuing operations	The components of the income tax provision from continuing operations are as follows (in thousands):
		For the Years Ended December 31,
		2014				2013			2012
	Current:
	Federal	$	(244	)		$	(323	)	$	(50	)
	State	(1,543		)		(1,439		)	(1,381		)
	Deferred:
	Federal	572				830			64
	State	70				53			(2		)
	Total net tax expense	$	(1,145	)		$	(879	)	$	(1,369	)
Schedule of differences between provision for income taxes from the amount of income tax determined by applying the applicable U.S. statutory federal income tax rate to pretax income from continuing operations
		For the Years Ended December 31,
		2014				2013			2012
	Current:
	Federal	$	(244	)		$	(323	)	$	(50	)
	State	(1,543		)		(1,439		)	(1,381		)
	Deferred:
	Federal	572				830			64
	State	70				53			(2		)
	Total net tax expense	$	(1,145	)		$	(879	)	$	(1,369	)
	The provision for income taxes differs from the amount of income tax determined by applying the applicable U.S. statutory federal income tax rate to pretax income from continuing operations for the years ended December 31, 2014, 2013 and 2012 as a result of the following differences (in thousands):
		For the Years Ended December 31,
		2014				2013			2012
	Expected federal tax expense at statutory rate	$	(47,906	)		$	(40,271	)	$	(14,952	)
	Tax impact of REIT election	45,842				37,230			22,618
	Expected tax (expense) benefit at TRS	(2,064		)		(3,041		)	7,666
	Change in valuation allowance	2,203				3,612			(8,741		)
	State income (expense) benefit, net of federal tax benefit	(1,273		)		(1,345		)	595
	Impact of rate change	42				(94		)	146
	Other permanent items	(418		)		(443		)	(394		)
	Impact of acquired tax attributes	(5		)		361			(361		)
	Impact of provision to return	370				71			(280		)
	Income tax expense	$	(1,145	)		$	(879	)	$	(1,369	)
Schedule of deferred tax assets (liabilities)	Deferred income taxes represent the tax effect from continuing operations of the differences between the book and tax basis of assets and liabilities. Deferred tax assets (liabilities) include the following (in thousands):
		December 31,
		2014				2013
	Deferred tax liabilities:
	Property and equipment	$	(5,354	)		$	(1,787	)
	Prepaid expenses	(2,362		)		(1,662		)
	Other - deferred tax liabilities	(163		)		(99		)
	Deferred tax liabilities	$	(7,879	)		$	(3,548	)
	Deferred tax assets:
	Property and equipment	$	—			$	515
	Deferred revenue - key money	1,429				1,478
	Incentive and vacation accrual	2,627				2,325
	Allowance for doubtful accounts	65				92
	Other - deferred tax assets	191				285
	Other carryforwards	158				106
	Net operating loss carryforwards	54,355				51,254
	Valuation allowance	(51,323		)		(53,526		)
	Deferred tax assets	$	7,502			$	2,529
Schedule of net current and non-current components of deferred income taxes	The net current and non-current components of deferred income taxes included in the consolidated balance sheets are as follows (in thousands):
		December 31,
		2014				2013
	Current net deferred tax assets	$	616			$	263
	Current net deferred tax liabilities	(2,524		)		(1,761		)
	Non-current net deferred tax assets	6,886				2,266
	Non-current net deferred tax liabilities	(5,355		)		(1,787		)
	Net deferred tax liability	$	(377	)		$	(1,019	)

Supplemental_Information_to_St1

Supplemental Information to Statements of Cash Flows (Tables)	12 Months Ended
	Dec. 31, 2014
Supplemental Cash Flow Elements [Abstract]
Schedule of supplemental information to statements of cash flows
		For the year ended December 31,
		2014			2013			2012
	Interest paid, net of capitalized interest	$	52,424		$	59,826		$	79,376
	Income taxes paid	$	2,111		$	1,420		$	1,598
	Supplemental investing and financing transactions:
	In conjunction with the acquisitions, the Company recorded the following:
	Purchase of real estate	$	631,950		$	228,573		$	247,158
	Accounts receivable	807			740			164
	Other assets	1,671			957			728
	Advance deposits	(659		)	(313		)	(224		)
	Accounts payable and other liabilities	(2,129		)	(12,168		)	(777		)
	Receipt of assets in full satisfaction	—			(4,731		)	—
	Gain on foreclosure	—			(4,863		)	—
	Acquisition of hotel and other properties	$	631,640		$	208,195		$	247,049
	In conjunction with the dispositions, the Company recorded the following:
	Disposal of hotel properties	$	137,829		$	2,500		$	—
	Closing costs	(3,634		)	(140		)	—
	Operating prorations	(1,526		)	9			—
	Proceeds from the disposal of hotel properties, net	$	132,669		$	2,369		$	—
	Supplemental non-cash transactions:
	Change in fair market value of designated interest rate swaps	$	(7,703	)	$	(5,941	)	$	1,326
	Accrued capital expenditures	$	9,641		$	10,610		$	4,563
	Distributions payable	$	42,114		$	30,870		$	22,392

Quarterly_Operating_Results_Ta

Quarterly Operating Results (Tables)	12 Months Ended
	Dec. 31, 2014
Quarterly Financial Information Disclosure [Abstract]
Schedule of quarterly financial information	In order to obtain a more accurate indication of performance, there should be a review of operating results, changes in shareholders' equity and cash flows for a period of several years.
		Year ended December 31, 2014
		First Quarter			Second Quarter		Third Quarter		Fourth Quarter
	Total revenue	$	236,373		$	295,047	$	297,666	$	280,111
	Income from continuing operations, including gain on disposal of hotel properties	$	11,985		$	53,361	$	37,064	$	34,070
	Net income attributable to common shareholders	$	11,932		$	52,904	$	36,760	$	33,845
	Comprehensive income	$	10,571		$	45,991	$	42,327	$	28,849
	Basic per share data:
	Income from continuing operations, including gain on disposal of hotel properties	$	0.1		$	0.42	$	0.28	$	0.26
	Net income attributable to common shareholders	$	0.1		$	0.42	$	0.28	$	0.26
	Diluted per share data:
	Income from continuing operations, including gain on disposal of hotel properties	$	0.1		$	0.42	$	0.28	$	0.25
	Net income attributable to common shareholders	$	0.1		$	0.42	$	0.28	$	0.25
	Basic weighted average common shares outstanding	121,740,962			125,260,607		131,106,440		131,189,673
	Diluted weighted average common shares outstanding	122,867,755			126,475,051		132,386,843		132,186,832
		Year ended December 31, 2013
		First Quarter			Second Quarter		Third Quarter		Fourth Quarter
	Total revenue	$	214,870		$	260,823	$	252,116	$	242,571
	Income from continuing operations	$	8,803		$	38,571	$	33,774	$	25,595
	Discontinued operations	$	(219	)	$	2,410	$	3,158	$	2,087
	Net income attributable to common shareholders	$	8,491		$	40,510	$	36,475	$	27,445
	Comprehensive income	$	8,016		$	45,514	$	20,513	$	32,937
	Basic per share data:
	Income from continuing operations	$	0.08		$	0.32	$	0.28	$	0.21
	Discontinued operations	$	—		$	0.02	$	0.03	$	0.01
	Net income attributable to common shareholders	$	0.08		$	0.34	$	0.31	$	0.22
	Diluted per share data:
	Income from continuing operations	$	0.08		$	0.32	$	0.27	$	0.21
	Discontinued operations	$	—		$	0.02	$	0.03	$	0.01
	Net income attributable to common shareholders	$	0.08		$	0.34	$	0.3	$	0.22
	Basic weighted average common shares outstanding	106,815,375			121,520,253		121,594,219		121,667,166
	Diluted weighted average common shares outstanding	107,423,195			122,280,431		122,750,121		122,540,253

Organization_Details

Organization (Details) (USD $)	0 Months Ended	12 Months Ended
In Thousands, except Share data, unless otherwise specified	23-May-14	Dec. 31, 2014	Dec. 31, 2013	22-May-14	Jan. 31, 2011
		loan
		room
		property
		state
		hotel
Sale of Stock
Price per share of common shares issued (in dollars per share)				$26.45	$1
Proceeds from sale of common stock, net-	$0	$232,712	$327,547
Number of properties owned		146
Number of hotel rooms owned		22,900
Number of hotels planned for conversion		2
Number of states in which hotels owned by the entity are located		21
Number of mortgage loans owned		1
Ownership interest in assets (as a percent)		100.00%
Hotels
Sale of Stock
Number of hotels owned		144
Doubletree Metropolitan Hotel New York City
Sale of Stock
Ownership interest in assets (as a percent)		98.10%
RLJ Lodging Trust LP
Sale of Stock
Ownership interest in operating partnerships		99.30%
Number of units outstanding		132,858,706

Summary_of_Significant_Account3

Summary of Significant Accounting Policies (Details) (USD $)	1 Months Ended	12 Months Ended
	31-May-12	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012	Jun. 30, 2006
		loan
		hotel
		property
Reporting Periods
Number of properties owned		146
Number of Real Estate Properties Operated under Management Agreements		144
Revenue Recognition
Incentive payment received	$4,000,000
Revenue to be recognized		3,700,000
Investment in Hotel and Other Properties
Number of mortgage loans owned		1
Amortization of financing costs excluding discontinued operations		4,300,000	4,500,000	5,400,000
Deferred finance costs		6,800,000	4,900,000
Amortization of deferred management fees		954,000	1,128,000	1,000,000
Advertising expense		3,700,000	3,700,000	4,400,000
Percentage of borrowings subject to variable rate		89.40%	87.00%
Percentage of borrowings subject to variable rate including effect of interest rate swaps and caps		16.00%	30.80%
Number of subsequent taxable years for which entity will not qualify as REIT upon failure to qualify in any taxable year		4 years
Marriott
Reporting Periods
Number of properties owned		5
WLS
Investment in Hotel and Other Properties
Other deferred costs					20,000,000
Term of long-term agreements to operate all of Company's hotel properties except Garden District Hotel		20 years
Amortization of deferred management fees		1,000,000	1,000,000	1,000,000
Accumulated amortization of other deferred costs		$7,900,000	$7,700,000
DBT Met Hotel Venture, LP
Investment in Hotel and Other Properties
Noncontrolling ownership interest of third party (as a percent)		1.90%
Land improvements
Investment in Hotel and Other Properties
Estimated useful lives		15 years
Buildings improvements
Investment in Hotel and Other Properties
Estimated useful lives		15 years
Buildings
Investment in Hotel and Other Properties
Estimated useful lives		40 years
Minimum
Investment in Hotel and Other Properties
Term of long-term agreements to operate all of Company's hotel properties except Garden District Hotel		3 years
Minimum | Furniture, fixtures and equipment
Investment in Hotel and Other Properties
Estimated useful lives		3 years
Maximum
Investment in Hotel and Other Properties
Term of long-term agreements to operate all of Company's hotel properties except Garden District Hotel		25 years
Maximum | Furniture, fixtures and equipment
Investment in Hotel and Other Properties
Estimated useful lives		5 years
Number of Real Estate Properties | Supplier Concentration Risk | WLS
Reporting Periods
Number of Real Estate Properties Operated under Management Agreements		93
Sales | NEW YORK | Geographic Concentration Risk
Reporting Periods
Concentration risk percentage		13.70%
Sales | ILLINOIS | Geographic Concentration Risk
Reporting Periods
Concentration risk percentage		10.00%
Sales | TEXAS | Geographic Concentration Risk
Reporting Periods
Concentration risk percentage		8.30%
Sales | COLORADO | Geographic Concentration Risk
Reporting Periods
Concentration risk percentage		7.30%
Sales | Houston TEXAS [Domain] | Geographic Concentration Risk
Reporting Periods
Concentration risk percentage		5.70%
Sales | DISTRICT OF COLUMBIA | Geographic Concentration Risk
Reporting Periods
Concentration risk percentage		5.20%
Marriott Brand | Number of Real Estate Properties | Supplier Concentration Risk
Reporting Periods
Number of properties owned		93
Hilton Brand | Number of Real Estate Properties | Supplier Concentration Risk
Reporting Periods
Number of properties owned		31
Hyatt Brand [Member] | Number of Real Estate Properties | Supplier Concentration Risk
Reporting Periods
Number of properties owned		15

Acquisition_of_Hotel_and_Other2

Acquisition of Hotel and Other Properties (Details) (USD $)	0 Months Ended	3 Months Ended								12 Months Ended			0 Months Ended
In Thousands, except Share data, unless otherwise specified	Sep. 11, 2014	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	Mar. 12, 2014	Mar. 19, 2013	22-May-14	Jun. 19, 2014	Jul. 15, 2014	Jun. 17, 2013	Jun. 21, 2013	Aug. 06, 2013	Oct. 08, 2013	Jul. 14, 2014
		room								room			room	room		room		room	room	room		room
Significant Acquisitions and Disposals [Line Items]
Ownership interest in assets (as a percent)										100.00%
Rooms		22,900								22,900
Purchase Price	$78,250
Total revenues and net income (loss) from hotels acquired
Total revenue		280,111	297,666	295,047	236,373	242,571	252,116	260,823	214,870	1,109,197	970,380	849,685
Net income (loss)										136,480	114,179	41,319
Unaudited condensed pro forma financial information
Total revenue										1,151,088	1,112,475
Net income attributable to common shareholders										145,286	141,102
Net income per share attributable to common shareholders - basic (in dollars per share)										$1.14	$1.20
Net income per share attributable to common shareholders - diluted (in dollars per share)										$1.13	$1.19
Weighted average number of shares outstanding - basic (in shares)										127,360,669	117,950,066
Weighted average number of shares outstanding - diluted (in shares)										128,293,843	118,738,626
Acquisitions 2013 [Member]
Total revenues and net income (loss) from hotels acquired
Total revenue											28,330
Net income (loss)											7,050
Hyatt House Charlotte Center City [Member]
Significant Acquisitions and Disposals [Line Items]
Rooms													163
Purchase Price													32,496
Acquisitions 2014 [Member]
Significant Acquisitions and Disposals [Line Items]
Business acquisition purchase price allocation land and improvements		164,396				30,989				164,396	30,989
Allocation of purchase price for the hotel properties acquired and liabilities assumed
Business acquisition purchase price allocation building and improvements		409,540				188,180				409,540	188,180
Furniture, fixtures and equipment		57,575				8,755				57,575	8,755
Business acquisition purchase price allocation total		631,950				212,732				631,950	212,732
Total revenues and net income (loss) from hotels acquired
Total revenue										106,306
Net income (loss)										18,773
Acquisitions 2014 [Member] | Lease intangibles
Allocation of purchase price for the hotel properties acquired and liabilities assumed
Business acquisition purchase price allocation intangibles		439				650				439	650
Acquisitions 2014 [Member] | Management agreement intangibles
Allocation of purchase price for the hotel properties acquired and liabilities assumed
Business acquisition purchase price allocation intangibles		0				-3,695				0	-3,695
Total		631,950				217,001				631,950	217,001
Bargain purchase gain										0	-4,269
Acquisitions 2014 [Member] | Above Market Leases
Allocation of purchase price for the hotel properties acquired and liabilities assumed
Business acquisition purchase price allocation intangibles		0				-7,878				0	-7,878
Courtyard Houston Downtown Convention Center
Significant Acquisitions and Disposals [Line Items]
Rooms														191
Purchase Price														34,308
Hyatt House Cypress Anaheim [Member]
Significant Acquisitions and Disposals [Line Items]
Rooms													142
Purchase Price													14,753
Hyatt House Emeryville SF Bay Area [Member]
Significant Acquisitions and Disposals [Line Items]
Rooms													234
Purchase Price													39,274
Hyatt House San Diego Sorrento Mesa [Member]
Significant Acquisitions and Disposals [Line Items]
Rooms													193
Purchase Price													35,985
Hyatt House San Jose Silicon Valley [Member]
Significant Acquisitions and Disposals [Line Items]
Rooms													164
Purchase Price													44,159
Hyatt House San Ramon [Member]
Significant Acquisitions and Disposals [Line Items]
Rooms													142
Purchase Price													20,833
Hyatt House Santa Claraa [Member]
Significant Acquisitions and Disposals [Line Items]
Rooms													150
Purchase Price													40,570
Hyatt Market Street The Woodlands [Member]
Significant Acquisitions and Disposals [Line Items]
Rooms													70
Purchase Price													25,817
Hyatt Place Fremont Silicon Valley [Member]
Significant Acquisitions and Disposals [Line Items]
Rooms													151
Purchase Price													23,525
Hyatt Place Madison Downtown [Member]
Significant Acquisitions and Disposals [Line Items]
Rooms													151
Purchase Price													35,088
Courtyard Portland City Center [Member]
Significant Acquisitions and Disposals [Line Items]
Rooms															256
Purchase Price															67,000
Embassy Suites Irvine Orange County [Member]
Significant Acquisitions and Disposals [Line Items]
Rooms															293
Purchase Price															53,000
Hilton Cabana Miami Beach [Member]
Significant Acquisitions and Disposals [Line Items]
Rooms																231
Purchase Price																71,700
Hyatt Atlanta Midtown [Member]
Significant Acquisitions and Disposals [Line Items]
Rooms																						194
Purchase Price																	49,500
DoubleTree Grand Key Resort [Member]
Significant Acquisitions and Disposals [Line Items]
Rooms	215
Residence Inn Houston Downtown Convention Center
Significant Acquisitions and Disposals [Line Items]
Rooms														171
Purchase Price														29,421
SpringHill Suites Houston Downtown Convention Center
Significant Acquisitions and Disposals [Line Items]
Rooms														82
Purchase Price														15,547
Courtyard Waikiki Beach
Significant Acquisitions and Disposals [Line Items]
Rooms																		399
Purchase Price																		75,250
Vantaggio Suites Cosmo [Member]
Significant Acquisitions and Disposals [Line Items]
Rooms																			150
Purchase Price																			29,475
Residence Inn Atlanta Midtown Historic
Significant Acquisitions and Disposals [Line Items]
Rooms																				78
Purchase Price																				4,731
SpringHill Suites Portland Hillsboro [Member]
Significant Acquisitions and Disposals [Line Items]
Rooms																					106
Purchase Price																					$24,000

Investment_in_Hotel_and_Other_2

Investment in Hotel and Other Properties (Details) (USD $)	0 Months Ended	12 Months Ended
	Aug. 06, 2013	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Property, Plant and Equipment [Abstract]
Receipt of assets in full satisfaction	$4,700,000	$0	($4,731,000)	$0
Gains on Purchases Sales of Investment Real Estate, Property Acquired	4,300,000
Gain on foreclosure for other assets acquired and liabilities assumed	600,000
Gain on Acquisition of Investment in Real Estate	4,900,000	0	4,863,000	0
Land and land improvements		706,497,000	594,402,000
Buildings and improvements		3,005,390,000	2,866,849,000
Furniture, fixtures and equipment		498,126,000	485,531,000
Intangible assets		2,507,000	2,507,000
Total		4,212,520,000	3,949,289,000
Accumulated depreciation and amortization		-693,717,000	-708,126,000
Investment in hotel and other properties, net		3,518,803,000	3,241,163,000
Depreciation and amortization expense related to investment in hotel and other properties, excluding discontinued operations		143,900,000	126,800,000	125,900,000
Impairment loss		$9,200,000	$0	$896,000

Investment_in_Hotel_and_Other_3

Investment in Hotel and Other Properties Held For Sale (Details) (USD $)	Dec. 31, 2014
In Millions, unless otherwise specified
Held For Sale [Abstract]
Assets Held-for-sale, Long Lived	$230.30

Discontinued_Operations_Detail

Discontinued Operations (Details) (USD $)

3 Months Ended

12 Months Ended

1 Months Ended

Dec. 31, 2013

Sep. 30, 2013

Jun. 30, 2013

Mar. 31, 2013

Dec. 31, 2014

Dec. 31, 2013

Dec. 31, 2012

Aug. 30, 2013

31-May-13

Feb. 20, 2014

30-May-13

Feb. 25, 2014

Mar. 26, 2014

Jun. 18, 2014

Dec. 16, 2014

Dec. 17, 2014

Dec. 18, 2014

Dec. 19, 2014

Aug. 28, 2013

Nov. 18, 2013

property

property

room

room

room

room

room

room

room

room

room

room

room

Discontinued operations

Disposal Group, Number of Properties Disposed During Period

18

3

Disposal Group, Not Discontinued Operation, Gain (Loss) on Disposal

$353,000

Cost of Defeasance

800,000

Operating results of discontinued operations

Operating revenue

2,950,000

4,520,000

Operating expense

-2,930,000

-4,459,000

Operating income

20,000

61,000

Impairment loss

0

-896,000

Interest expense

-373,000

-1,308,000

Loss from discontinued operations before gain on sale

-353,000

-2,143,000

Gain on discontinued operations disposal

2,081,000

0

Gain on extinguishment of indebtedness

0

5,708,000

0

Net income (loss) from discontinued operations

2,087,000

3,158,000

2,410,000

-219,000

0

7,436,000

-2,143,000

Proceeds from divestiture of businesses

137,829,000

Courtyard Lakewood [Member]

Discontinued operations

Disposal Group, Property Disposed During Period, Number of Rooms

90

SpringHill Suites Southfield

Discontinued operations

Disposal Group, Property Disposed During Period, Number of Rooms

84

Operating results of discontinued operations

Gain on extinguishment of indebtedness

$3,300,000

$2,400,000

Residence Inn Denver Southwest Lakewood [Member]

Discontinued operations

Disposal Group, Property Disposed During Period, Number of Rooms

102

Hyatt House Colorado Springs [Member]

Discontinued operations

Disposal Group, Property Disposed During Period, Number of Rooms

125

SpringHill Suites Gainesville [Member]

Discontinued operations

Disposal Group, Property Disposed During Period, Number of Rooms

126

Residence Inn Indianapolis Airport [Member]

Discontinued operations

Disposal Group, Property Disposed During Period, Number of Rooms

95

Fairfield Inn & Suites Indianapolis Airport [Member]

Discontinued operations

Disposal Group, Property Disposed During Period, Number of Rooms

86

Courtyard Grand Rapids Airport [Member]

Discontinued operations

Disposal Group, Property Disposed During Period, Number of Rooms

84

Hampton Inn Suites Las Vegas Red Rock Summerlin [Member]

Discontinued operations

Disposal Group, Property Disposed During Period, Number of Rooms

106

Courtyard Austin University Area [Member]

Discontinued operations

Disposal Group, Property Disposed During Period, Number of Rooms

198

Fairfield Inn & Suites Austin University Area [Member]

Discontinued operations

Disposal Group, Property Disposed During Period, Number of Rooms

63

Hyatt House Dallas Richardson [Member]

Discontinued operations

Disposal Group, Property Disposed During Period, Number of Rooms

130

Hilton Garden Inn St George [Member]

Discontinued operations

Disposal Group, Property Disposed During Period, Number of Rooms

150

Hilton Mystic [Member]

Discontinued operations

Disposal Group, Property Disposed During Period, Number of Rooms

182

Holiday Inn Austin NW Arboretum Area [Member]

Discontinued operations

Disposal Group, Property Disposed During Period, Number of Rooms

194

Courtyard Benton Harbor

Discontinued operations

Disposal Group, Property Disposed During Period, Number of Rooms

98

Courtyard Valparaiso [Member]

Discontinued operations

Disposal Group, Property Disposed During Period, Number of Rooms

111

Courtyard Merrillville [Member]

Discontinued operations

Disposal Group, Property Disposed During Period, Number of Rooms

112

Courtyard Fort Wayne [Member]

Discontinued operations

Disposal Group, Property Disposed During Period, Number of Rooms

142

Courtyard Goshen [Member]

Discontinued operations

Disposal Group, Property Disposed During Period, Number of Rooms

91

Fairfield Inn & Suites Memphis [Member]

Discontinued operations

Disposal Group, Property Disposed During Period, Number of Rooms

63

Investment_in_Loans_Details

Investment in Loans (Details) (USD $)	0 Months Ended	12 Months Ended
	Aug. 06, 2013	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Mortgage Loans on Real Estate [Line Items]
Gains on Purchases Sales of Investment Real Estate, Property Acquired	$4,300,000
Gain on foreclosure for other assets acquired and liabilities assumed	600,000
Gain on foreclosure	4,900,000	0	4,863,000	0
Receipt of assets in full satisfaction	$4,700,000	$0	($4,731,000)	$0

Debt_Details

Debt (Details) (USD $)	12 Months Ended
	Dec. 31, 2014		Dec. 31, 2013		Dec. 31, 2012	Nov. 20, 2012	Aug. 27, 2013
Debt
Interest expense	$29,560,000		$15,574,000		$3,524,000
Outstanding borrowings on the Revolver	1,025,000,000
Mortgage loans	532,747,000		559,665,000
2014	165,747,000
2015	224,000,000
2016	143,000,000
2017	400,000,000
2018	625,000,000
Thereafter	0
Outstanding borrowings	1,557,747,000
Revolver
Debt
Maximum borrowings						300,000,000
Interest expense	1,177,000		1,222,000		158,000
Outstanding borrowings on the Revolver	0
Revolver | Minimum
Debt
Spread over variable interest rate basis (as a percent)	1.65%
Revolver | Maximum
Debt
Spread over variable interest rate basis (as a percent)	3.00%
Standby letters of credit
Debt
Maximum borrowings	30,000,000
Fee on debt (as a percent)	0.13%
Standby letters of credit | Minimum
Debt
Number of standby letters of credit that may be issued	1
Swingline loans
Debt
Maximum borrowings	40,000,000
Revolving Credit Facility and Term Loans
Debt
Fees incurred	2,900,000		3,000,000		5,200,000
Interest expense	0		0		2,345,000
Outstanding borrowings on the Revolver	0
Revolving Credit Facility and Term Loans | Minimum
Debt
Number of hotel properties required to remain unencumbered by outstanding indebtedness	20
Five-Year Term Loan
Debt
Debt Instrument, Face Amount						400,000,000
Debt period			5 years
Interest expense	6,902,000		5,453,000		662,000
Outstanding borrowings on the Revolver	400,000,000
Interest rate (as a percent)	2.37%
Seven-Year Term Loan
Debt
Debt Instrument, Face Amount						225,000,000
Mortgage Loans
Debt
Number of assets encumbered	33
Mortgage loans	532,747,000		559,665,000
Mortgage Loans | Capmark Financial Group, lender 2
Debt
Number of assets encumbered	1
Interest rate (as a percent)	5.55%	[1]
Mortgage loans	10,513,000		10,916,000
Mortgage Loans | Capmark Financial Group, lender 3
Debt
Number of assets encumbered	1
Interest rate (as a percent)	5.55%	[1]
Mortgage loans	4,561,000		4,736,000
Mortgage Loans | Barclay's Bank, lender 1
Debt
Number of assets encumbered	12
Interest rate (as a percent)	5.55%	[1]
Mortgage loans	107,544,000		111,632,000
Mortgage Loans | Barclay's Bank, lender 2
Debt
Number of assets encumbered	4
Interest rate (as a percent)	5.60%	[1]
Mortgage loans	26,775,000		27,804,000
Mortgage Loans | Capmark Financial Group, lender 4
Debt
Number of assets encumbered	1
Interest rate (as a percent)	5.50%	[1]
Mortgage loans	6,214,000		6,450,000
Mortgage Loans | Barclay's Bank, lender 19
Debt
Number of assets encumbered	1
Interest rate (as a percent)	5.44%	[1]
Mortgage loans	10,140,000		10,521,000
Mortgage Loans | PNC Bank
Debt
Number of additional maturity terms	1
Number of assets encumbered	5	[2]
Interest rate (as a percent)	2.51%	[1],[2]
Mortgage loans	74,000,000	[2]	85,000,000	[2]
Number of hotels encumbered by loans that are cross-collateralized	5
Mortgage Loans | Wells Fargo lender 6
Debt
Number of assets encumbered	4	[3]
Interest rate (as a percent)	4.19%	[1],[3]
Mortgage loans	150,000,000	[3]	150,000,000	[3]
Number of hotels encumbered by loans that are cross-collateralized	2
Mortgage Loans | Wells Fargo, lender 7
Debt
Number of assets encumbered	4
Interest rate (as a percent)	4.06%	[1]
Mortgage loans	143,000,000		0
Mortgage Loans | Wells Fargo, lender 8
Debt
Mortgage loans	0		142,000,000
Mortgage Loans | Merrill Lynch, lender 1
Debt
Mortgage loans	0		4,068,000
Mortgage Loans | Merrill Lynch Lender 2 [Member]
Debt
Mortgage loans	0		2,475,000
Mortgage Loans | Merrill Lynch, lender 3
Debt
Mortgage loans	0		4,063,000
Mortgage Loans | Well Fargo Lender
Debt
Number of additional maturity terms	4
Additional maturity term	1 year
Seven Year Term Loan
Debt
Debt period			7 years
Interest expense	9,217,000		5,049,000		359,000
Outstanding borrowings on the Revolver	225,000,000
Interest rate (as a percent)	4.04%
Unsecured Term Loan Due August 27, 2018
Debt
Debt Instrument, Face Amount							400,000,000
Interest expense	12,264,000		3,850,000		0
Outstanding borrowings on the Revolver	$400,000,000
Interest rate (as a percent)	3.07%
[1]	Interest rate at December 31, 2014 gives effect to interest rate hedges and LIBOR floors, as applicable.
[2]	(4)Requires payments of interest only until the commencement of the extension period(s).
[3]	(6)Two of the four hotels encumbered by the Wells Fargo loans are cross-collateralized.

Debt_Revolver_and_Term_Loans_D

Debt - Revolver and Term Loans (Details) (USD $)	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012	Nov. 20, 2012	Dec. 22, 2014	Aug. 27, 2013
Debt
Outstanding borrowings	$1,025,000,000
Interest expense	29,560,000	15,574,000	3,524,000
Revolver
Debt
Outstanding borrowings	0
Interest expense	1,177,000	1,222,000	158,000
Unused commitment fee	1,000,000	1,000,000	100,000
Five-Year Term Loan
Debt
Debt Instrument, Face Amount				400,000,000
Outstanding borrowings	400,000,000
Interest rate (as a percent)	2.37%
Interest expense	6,902,000	5,453,000	662,000
Seven Year Term Loan
Debt
Outstanding borrowings	225,000,000
Interest rate (as a percent)	4.04%
Interest expense	9,217,000	5,049,000	359,000
2014 seven year term loan [Member]
Debt
Debt Instrument, Face Amount					150,000,000
Interest expense	0	0	0
Unsecured Term Loan Due August 27, 2018
Debt
Debt Instrument, Face Amount						400,000,000
Outstanding borrowings	400,000,000
Interest rate (as a percent)	3.07%
Interest expense	12,264,000	3,850,000	0
Unsecured Term Loan Maturity Date March Twenty Two Thousand Nineteen [Member]
Debt
Interest expense	200,000
Revolving Credit Facility and Term Loans
Debt
Fees incurred	2,900,000	3,000,000	5,200,000
Outstanding borrowings	0
Interest expense	0	0	2,345,000
Unused commitment fee			700,000
Seven-Year Term Loan
Debt
Debt Instrument, Face Amount				225,000,000
Interest Rate Contract | Unsecured Term Loan Due August 27, 2018
Debt
Interest expense	5,100,000	1,600,000
Interest Rate Contract | Seven-Year Term Loan
Debt
Interest expense	$4,200,000	$1,300,000
Maximum | Revolver
Debt
Line of Credit Facility, Unused Capacity, Commitment Fee Percentage	0.35%
Minimum | Revolver
Debt
Line of Credit Facility, Unused Capacity, Commitment Fee Percentage	0.25%

Derivatives_and_Hedging_Detail

Derivatives and Hedging (Details) (USD $)	12 Months Ended
	Dec. 31, 2014		Dec. 31, 2013		Dec. 31, 2012
Financial Instruments: Derivatives and Hedging
Notional value	$1,143,000,000		$1,000,000,000
Total	-13,644,000		-5,941,000
Unrealized gains included in accumulated other comprehensive loss	13,600,000		-5,941,000
Amount of ineffective hedges	0		0
Interest expense reclassified	56,810,000		64,348,000		83,689,000
Interest rate swap
Financial Instruments: Derivatives and Hedging
Fair value liabilities	-13,600,000		-9,100,000
Not Designated as Hedging Instrument
Financial Instruments: Derivatives and Hedging
Interest expense reclassified			470,000
Designated as Hedging Instrument | Swap-cash flow, hedge type one
Financial Instruments: Derivatives and Hedging
Notional value	275,000,000	[1]	275,000,000	[1]
Hedge interest rate (as a percent)	1.12%	[1]
Fair value liabilities	-232,000	[1]
Interest rate swap asset			3,161,000	[1]
Designated as Hedging Instrument | Swap-cash flow, hedge type two
Financial Instruments: Derivatives and Hedging
Notional value	175,000,000	[1]	175,000,000	[1]
Hedge interest rate (as a percent)	1.56%	[1]
Fair value liabilities	-2,182,000	[1]	-1,866,000	[1]
Designated as Hedging Instrument | Swap-cash flow, hedge type three
Financial Instruments: Derivatives and Hedging
Notional value	175,000,000	[1]	175,000,000	[1]
Hedge interest rate (as a percent)	1.64%	[1]
Fair value liabilities	-2,596,000	[1]	-2,406,000	[1]
Designated as Hedging Instrument | ISwap-cash flow, hedge type four
Financial Instruments: Derivatives and Hedging
Notional value	16,500,000	[1]	16,500,000	[1]
Hedge interest rate (as a percent)	1.83%	[1]
Fair value liabilities	-315,000	[1]	-238,000	[1]
Designated as Hedging Instrument | Swap-cash flow, hedge type five
Financial Instruments: Derivatives and Hedging
Notional value	16,500,000	[1]	16,500,000	[1]
Hedge interest rate (as a percent)	1.75%	[1]
Fair value liabilities	-270,000	[1]	-181,000	[1]
Designated as Hedging Instrument | Swap-cash flow, hedge type six
Financial Instruments: Derivatives and Hedging
Notional value	40,500,000	[1]	40,500,000	[1]
Hedge interest rate (as a percent)	1.83%	[1]
Fair value liabilities	-772,000	[1]	-585,000	[1]
Designated as Hedging Instrument | Swap-cash flow, hedge type seven
Financial Instruments: Derivatives and Hedging
Notional value	41,500,000	[1]	41,500,000	[1]
Hedge interest rate (as a percent)	1.75%	[1]
Fair value liabilities	-678,000	[1]	-456,000	[1]
Designated as Hedging Instrument | Swap-cash flow, hedge type eight
Financial Instruments: Derivatives and Hedging
Notional value	18,000,000	[1]	18,000,000	[1]
Hedge interest rate (as a percent)	1.83%	[1]
Fair value liabilities	-343,000	[1]	-260,000	[1]
Designated as Hedging Instrument | Swap-cash flow, hedge type nine
Financial Instruments: Derivatives and Hedging
Notional value	17,000,000	[1]	17,000,000	[1]
Hedge interest rate (as a percent)	1.75%	[1]
Fair value liabilities	-278,000	[1]	-187,000	[1]
Designated as Hedging Instrument | Swap-cash flow, hedge type ten
Financial Instruments: Derivatives and Hedging
Notional value	125,000,000	[1]	125,000,000	[1]
Hedge interest rate (as a percent)	2.02%	[1]
Fair value liabilities	-3,073,000	[1]	-1,838,000	[1]
Designated as Hedging Instrument | Swap-cash flow, hedge type eleven
Financial Instruments: Derivatives and Hedging
Notional value	100,000,000	[1]	100,000,000	[1]
Hedge interest rate (as a percent)	1.94%	[1]
Fair value liabilities	-2,145,000	[1]	-1,085,000	[1]
Designated as Hedging Instrument | Interest Rate, Swap Hedge, Type Fourteen [Member]
Financial Instruments: Derivatives and Hedging
Notional value	43,000,000	[1]
Hedge interest rate (as a percent)	1.77%	[1]
Fair value liabilities	-131,000	[1]
Designated as Hedging Instrument | Interest Rate, Swap Hedge, Type Thirteen [Member]
Financial Instruments: Derivatives and Hedging
Notional value	50,000,000	[1]
Hedge interest rate (as a percent)	1.85%	[1]
Fair value liabilities	-387,000	[1]
Designated as Hedging Instrument | Interest Rate, Swap Hedge, Type Twelve [Member]
Financial Instruments: Derivatives and Hedging
Notional value	50,000,000	[1]
Hedge interest rate (as a percent)	1.80%	[1]
Fair value liabilities	-242,000	[1]
Reclassification out of Accumulated Other Comprehensive Income | Accumulated Net Gain (Loss) from Designated or Qualifying Cash Flow Hedges
Financial Instruments: Derivatives and Hedging
Interest expense reclassified	$12,400,000		$3,700,000
[1]	{F|ahBzfndlYmZpbGluZ3MtaHJkcmoLEgZYTUxEb2MiXlhCUkxEb2NHZW5JbmZvOmJhOWI4MWNmYWE3MjQ4ZDRiN2M4N2ZhNWQxMjJkZTY2fFRleHRTZWxlY3Rpb246MTNGNzZERDk4NEVFMTUxRERDQjY1QTlBMjBCMzc5ODIM}

Fair_Value_Details

Fair Value (Details) (USD $)	Dec. 31, 2014	Dec. 31, 2013
Fair Value
Total	($13,644,000)	($5,941,000)
Interest rate swap
Fair Value
Interest rate swap liability	-13,600,000	-9,100,000
Level 3
Fair Value
Fixed rate mortgage notes payable	171,100,000	188,000,000
Carrying value of fixed rate mortgage notes payable	165,700,000	182,700,000
Recurring | Level 2 | Interest rate swap
Fair Value
Interest rate swap asset	0	3,161,000
Interest rate swap liability	-13,644,000	-9,102,000
Total	-13,644,000	-5,941,000
Recurring | Estimate of Fair Value Measurement [Member] | Interest rate swap
Fair Value
Interest rate swap asset	0	3,161,000
Interest rate swap liability	-13,644,000	-9,102,000
Total	($13,644,000)	($5,941,000)

Commitments_and_Contingencies_1

Commitments and Contingencies (Details) (USD $)	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2001	Dec. 31, 2013	Dec. 31, 2012
Ground Leases
Number of Real Estate Properties Operated under Management Agreements	144
Minimum ground rent
2013	$4,650,000
2014	4,650,000
2015	4,650,000
2016	4,650,000
2017	4,650,000
Thereafter	424,143,000
Total	447,393,000
Residence Inn Chicago Oak Brook
Ground Leases
Total rent paid		1,560,000
Period of additional terms for which lease may be extended	99 years
Amount payable for additional renewal term	1
Louisville Marriott Downtown
Ground Leases
Period of additional terms for which lease may be extended	25 years
Maximum number of additional terms for which lease may be extended	4
Courtyard Austin Downtown/Convention Center and Residence Inn Austin Downtown/Convention Center
Ground Leases
Annual ground rent	400,000
Contingent rent	500,000		500,000	300,000
Hilton Garden Inn Bloomington
Ground Leases
Period of additional terms for which lease may be extended	10 years
Maximum number of additional terms for which lease may be extended	5
Hilton Garden Inn Bloomington | Parking spaces
Ground Leases
Total rent paid	100,000		100,000	100,000
Hampton Inn Garden City
Ground Leases
Annual compliance fee	1
Courtyard Charleston Historic District
Ground Leases
Annual ground rent	800,000
Contingent rent	100,000		100,000	100,000
Maximum annual rent payable after periodic increase in annual base rent after 2021	1,000,000
Maximum number of rooms for which per night revenue considered to calculate the contingent rent payment	126
Courtyard Waikiki Beach
Ground Leases
Annual ground rent	3,500,000
Annual rent increase percentage for the first 10 years	5.00%
Annual rent increase percentage during the seven subsequent years	6.00%
Rent incurred	3,500,000		1,800,000	0
Above Market Leases | Courtyard Waikiki Beach
Ground Leases
Intangible assets amount	$7,900,000

Commitments_and_Contingencies_2

Commitments and Contingencies (Details 1) (USD $)	12 Months Ended
In Thousands, unless otherwise specified	Dec. 31, 2014	Dec. 31, 2013
Commitments and Contingencies Disclosure [Abstract]
Minimum restricted cash reserve escrows to be maintained as a percentage of the hotel's revenue	1.00%
Maximum restricted cash reserve escrows to be maintained as percentage of hotel's revenue	5.00%
Restricted cash reserves for future capital expenditures, real estate taxes and insurance	$63,054	$62,430

Commitments_and_Contingencies_3

Commitments and Contingencies (Details 2)	12 Months Ended
	Dec. 31, 2014
	company
	hotel
Operating Leased Assets [Line Items]
Number of Real Estate Properties Operated under Management Agreements	144
Management Agreements Number of Management Companies	16
Aimbridge Hospitality
Operating Leased Assets [Line Items]
Number of Real Estate Properties Operated under Management Agreements	2
Concord Hospitality Enterprises Company
Operating Leased Assets [Line Items]
Number of Real Estate Properties Operated under Management Agreements	1
Crescent Hotels and Resorts
Operating Leased Assets [Line Items]
Number of Real Estate Properties Operated under Management Agreements	1
Crestline Hotels and Resorts
Operating Leased Assets [Line Items]
Number of Real Estate Properties Operated under Management Agreements	1
Davidson Hotels & Resorts
Operating Leased Assets [Line Items]
Number of Real Estate Properties Operated under Management Agreements	1
Embassy Suites Management
Operating Leased Assets [Line Items]
Number of Real Estate Properties Operated under Management Agreements	3
HEI Hotels & Resorts
Operating Leased Assets [Line Items]
Number of Real Estate Properties Operated under Management Agreements	1
Highgate Hotels
Operating Leased Assets [Line Items]
Number of Real Estate Properties Operated under Management Agreements	6
Hyatt Brand [Member]
Operating Leased Assets [Line Items]
Number of Real Estate Properties Operated under Management Agreements	10
Interstate Hotels and Resorts
Operating Leased Assets [Line Items]
Number of Real Estate Properties Operated under Management Agreements	10	[1]
Inn Ventures
Operating Leased Assets [Line Items]
Number of Real Estate Properties Operated under Management Agreements	1
K Partners Hospitality Group
Operating Leased Assets [Line Items]
Number of Real Estate Properties Operated under Management Agreements	1
Marriott Hotel Services
Operating Leased Assets [Line Items]
Number of Real Estate Properties Operated under Management Agreements	5
Sage Hospitality
Operating Leased Assets [Line Items]
Number of Real Estate Properties Operated under Management Agreements	4
Urgo Hotels
Operating Leased Assets [Line Items]
Number of Real Estate Properties Operated under Management Agreements	4
WLS
Operating Leased Assets [Line Items]
Management Agreement Term	20 years
Number of Real Estate Properties | Supplier Concentration Risk | WLS
Operating Leased Assets [Line Items]
Number of Real Estate Properties Operated under Management Agreements	93
Minimum
Operating Leased Assets [Line Items]
Management Agreement Term	3 years
Maximum
Operating Leased Assets [Line Items]
Management Agreement Term	25 years
[1]	Includes agreements entered into with Noble Management Group, a wholly-owned subsidiary of Interstate Hotels and Resorts.

Commitments_and_Contingencies_4

Commitments and Contingencies (Details 3) (USD $)	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
	hotel
Commitments and Contingencies
Management fee expense, including amortization of deferred management fees, excluding discontinued operations	$43,230,000	$34,956,000	$29,906,000
Franchise Agreements
Number of hotel properties operated under franchise agreements	129
Franchise fee expense, excluding discontinued operations	$71,600,000	$64,200,000	$55,400,000
Minimum
Commitments and Contingencies
Base management fee as a percentage of hotel revenues	2.50%
Franchise Agreements
Term of franchise agreements	10 years
Royalty fee as a percentage of room revenue	3.00%
Additional fees for marketing, central reservation systems and other franchisor costs as a percentage of room revenue	1.00%
Royalty fee as a percentage of food and beverage revenues	1.00%
Maximum
Commitments and Contingencies
Base management fee as a percentage of hotel revenues	4.00%
Franchise Agreements
Term of franchise agreements	30 years
Royalty fee as a percentage of room revenue	6.00%
Additional fees for marketing, central reservation systems and other franchisor costs as a percentage of room revenue	4.30%
Royalty fee as a percentage of food and beverage revenues	3.00%

Equity_Details

Equity (Details) (USD $)	0 Months Ended		12 Months Ended			0 Months Ended	1 Months Ended
In Thousands, except Share data, unless otherwise specified	22-May-14	23-May-14	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012	25-May-13	Jan. 31, 2011	5-May-11
Equity
Common shares of beneficial interest, shares authorized			450,000,000	450,000,000			100,000	450,000,000
Number of shareholders							2
Price per share of common stock received by partners (in dollars per share)	$26.45						1
Gross proceeds from issuance of common shares of beneficial interest received by partners		$0	$232,712	$327,547
Proceeds from issuance of common shares	232,700		232,712	327,547	0
Repayment of secured indebtedness			170,722	577,441	429,084
Common shares of beneficial interest, par value (in dollars per share)	$0.01		$0.01	$0.01
Preferred shares of beneficial interest, shares authorized			50,000,000	50,000,000			10,000	50,000,000
DBT Met Hotel Venture, LP
Equity
Noncontrolling ownership interest of third party (as a percent)			1.90%
RLJ Lodging Trust LP
Equity
Number of units outstanding			132,858,706
Ownership Interest in Operating Partnerships			99.30%
RLJ Lodging Trust LP | Limited Partner
Equity
Ownership interest in OP units through a combination of direct and indirect interests (as a percent)			0.70%
Common Stock
Equity
Number of common shares of beneficial interest received by partners		9,200,000	9,200,000	15,870,000
Gross proceeds from issuance of common shares of beneficial interest received by partners			92	159
Overallotment
Equity
Price per share of common stock received by partners (in dollars per share)						$21.60
Gross proceeds from issuance of common shares of beneficial interest received by partners						$342,800
Common shares of beneficial interest, par value (in dollars per share)						$0.01
Overallotment | Common Stock
Equity
Number of common shares of beneficial interest received by partners						15,870,000
Initial Shareholder One
Equity
Number of common shares of beneficial interest received by partners							500

Equity_Incentive_Plan_Details

Equity Incentive Plan (Details) (USD $)	12 Months Ended
	Dec. 31, 2014		Dec. 31, 2013		Dec. 31, 2012
Equity Incentive Plan
Maximum number of common shares of beneficial interest to be issued (in shares)	5,000,000
Summary of non-vested shares/units
Granted (in shares)	4,347	[1]	5,357	[1]	8,530	[1]
Weighted Average Grant Date Fair Value
Granted (in dollars per share)	$29.31	[1]	$23.20	[1]	$18.75	[1]
Other Disclosures
Share-based compensation expense	$127,000		$124,000		$160,000
Restricted share awards
Summary of non-vested shares/units
Unvested at the beginning of the period (in shares)	932,800		1,013,673		970,288
Granted (in shares)	348,234	[1]	383,187	[1]	445,176	[1]
Vested (in shares)	-537,988	[1]	-458,808	[1]	-374,913	[1]
Forfeited (in shares)	-11,587		-5,252		-26,878
Unvested at the end of the period (in shares)	731,459		932,800		1,013,673
Weighted Average Grant Date Fair Value
Unvested at the beginning of the period (in dollars per share)	$18.99		$17.80		$17.93
Granted (in dollars per share)	$24.46	[1]	$21.25	[1]	$17.23	[1]
Vested (in dollars per share)	$19.44	[1]	$18.24	[1]	$17.46	[1]
Forfeited (in dollars per share)	$22.89		$20.07		$17.80
Unvested at the end of the period (in dollars per share)	$21.21		$18.99		$17.80
Other Disclosures
Share-based compensation expense	10,600,000		8,600,000		6,700,000
Total unrecognized compensation costs	14,200,000
Weighted-average period of recognition of unrecognized share-based compensation expense	2 years 2 months
Total fair value of shares vested	15,500,000		10,500,000		6,500,000
Performance Units
Summary of non-vested shares/units
Unvested at the end of the period (in shares)	1,000,000
Weighted Average Grant Date Fair Value
Unvested at the end of the period (in dollars per share)	$15.36
Other Disclosures
Share-based compensation expense	4,500,000		4,500,000		1,900,000
Total unrecognized compensation costs	$4,500,000
Weighted-average period of recognition of unrecognized share-based compensation expense	1 year 1 month 6 days
Vesting period	4 years
Measurement period	3 years
Time-based vesting period	1 year
Common shares available for future grant (in share)	2,741,480
[1]	For the years ended December 31, 2014, 2013 and 2012, respectively, includes 4,347, 5,357 and 8,530 unrestricted shares issued in lieu of cash compensation to non-employee trustees at a weighted average grant date fair value of $29.31, $23.20 and $18.75, respectively.

Earnings_per_Common_Share_Addi

Earnings per Common Share - Additional Information (Details) (USD $)	12 Months Ended
In Thousands, unless otherwise specified	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Earnings Per Share [Abstract]
Undistributed Earnings Allocated to Participating Securities	$0	$61	$0

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 attributable to common shareholders before discontinued operations (in shares)									$135,441	$105,539	$43,423
Income (loss) from discontinued operations									0	7,382	-2,125
Net income attributable to common shareholders	33,845	36,760	52,904	11,932	27,445	36,475	40,510	8,491	135,441	112,921	41,298
Less: Dividends paid on unvested restricted shares (in shares)									-951	-936	-802
Less: Undistributed earnings attributable to unvested restricted shares									0	-61	0
Less: Undistributed earnings attributable to unvested restricted shares (in shares)									0	61	0
Net income attributable to common shareholders excluding amounts attributable to unvested restricted shares (in shares)									$134,490	$111,924	$40,496
Denominator:
Weighted-average number of common shares (in shares)	131,189,673	131,106,440	125,260,607	121,740,962	121,667,166	121,594,219	121,520,253	106,815,375	127,360,669	117,950,066	105,423,604
Unvested restricted shares (in shares)									316,020	251,217	59,587
Unvested performance units (in shares)									617,154	537,343	265,495
Weighted-average number of common shares - diluted (in shares)	132,186,832	132,386,843	126,475,051	122,867,755	122,540,253	122,750,121	122,280,431	107,423,195	128,293,843	118,738,626	105,748,686
Basic per common share data:
Net income per share attributable to common shareholders before discontinued operations - basic (in dollars per share)	$0.26	$0.28	$0.42	$0.10	$0.21	$0.28	$0.32	$0.08	$1.06	$0.89	$0.40
Discontinued operations (in dollars per share)					$0.01	$0.03	$0.02	$0	$0	$0.06	($0.02)
Net income per share attributable to common shareholders - basic (in dollars per share)	$0.26	$0.28	$0.42	$0.10	$0.22	$0.31	$0.34	$0.08	$1.06	$0.95	$0.38
Diluted per common share data:
Net income per share attributable to common shareholders before discontinued operations - diluted (in dollars per share)	$0.25	$0.28	$0.42	$0.10	$0.21	$0.27	$0.32	$0.08	$1.05	$0.88	$0.40
Discontinued operations (in dollars per share)					$0.01	$0.03	$0.02	$0	$0	$0.06	($0.02)
Net income per share attributable to common shareholders - diluted (in dollars per share)	$0.25	$0.28	$0.42	$0.10	$0.22	$0.30	$0.34	$0.08	$1.05	$0.94	$0.38

Income_Taxes_Details

Income Taxes (Details) (USD $)	12 Months Ended
In Thousands, unless otherwise specified	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Current:
Federal	($244)	($323)	($50)
State	-1,543	-1,439	-1,381
Deferred:
Federal	572	830	64
State	70	53	-2
Income tax expense	-1,145	-879	-1,369
Differences between provision for income taxes from the amount of income tax determined by applying the applicable U.S. statutory federal income tax rate to pretax income from continuing operations
Expected federal tax benefit at statutory rate	-47,906	-40,271	-14,952
Tax impact of passthrough entities	45,842	37,230	22,618
Expected tax benefit at TRS	-2,064	-3,041	7,666
Change in valuation allowance	2,203	3,612	-8,741
State income (expense) benefit, net of federal tax benefit	-1,273	-1,345	595
Impact of rate change	42	-94	146
Other permanent items	-418	-443	-394
Impact of acquired tax attributes	-5	361	-361
Impact of provision to return	370	71	-280
Income tax expense	($1,145)	($879)	($1,369)
Common distributions
Income Taxes
Ordinary income (as a percent)	100.00%	100.00%
Return of capital (as a percent)	0.00%	0.00%
Capital gains (as a percent)	0.00%	0.00%
Total (as a percent)	100.00%	100.00%

Income_Taxes_Details_2

Income Taxes (Details 2) (USD $)	Dec. 31, 2014	Dec. 31, 2013
In Thousands, unless otherwise specified
Deferred tax assets (liabilities)
Property and equipment	($5,354)	($1,787)
Prepaid expenses	-2,362	-1,662
Other - deferred tax liabilities	-163	-99
Deferred tax liabilities	-7,879	-3,548
Property and equipment	0	515
Deferred revenue - key money	1,429	1,478
Incentive and vacation accrual	2,627	2,325
Allowance for doubtful accounts	65	92
Other - deferred tax assets	191	285
Other carryforwards	158	106
Net operating loss carryforwards	54,355	51,254
Valuation allowance	-51,323	-53,526
Gross deferred tax assets	7,502	2,529
Net current and non-current components of deferred income taxes
Current net deferred tax assets	616	263
Current net deferred tax liabilities	-2,524	-1,761
Non-current net deferred tax assets	6,886	2,266
Non-current net deferred tax liabilities	-5,355	-1,787
Net deferred tax liability	($377)	($1,019)

Supplemental_Information_to_St2

Supplemental Information to Statements of Cash Flows (Details) (USD $)	12 Months Ended
In Thousands, unless otherwise specified	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Supplemental Cash Flow Elements [Abstract]
Interest paid, net of capitalized interest	$52,424	$59,826	$79,376
Income taxes paid	2,111	1,420	1,598
In conjunction with the acquisitions, the Company recorded the following:
Purchase of real estate	631,950	228,573	247,158
Accounts receivable	807	740	164
Other assets	1,671	957	728
Advance deposits	-659	-313	-224
Accounts payable and other liabilities	-2,129	-12,168	-777
Receipt of assets in full satisfaction	0	-4,731	0
Gain on foreclosure	0	-4,863	0
Acquisition of hotel and other properties	631,640	208,195	247,049
In conjunction with the dispositions, the Company recorded the following:
Disposal of hotel properties		2,500	0
Proceeds from Divestiture of Businesses	137,829
Gain on sale of property	-353	-2,081	0
Closing costs	-3,634	-140	0
Operating prorations	-1,526	9	0
Proceeds from Sale of Real Estate	132,669	2,369	0
Proceeds from the disposal of hotel properties, net			0
Supplemental non-cash transactions:
Change in fair market value of designated interest rate swaps	-7,703	-5,941	1,326
Accrued capital expenditures	9,641	10,610	4,563
Distributions payable	$42,114	$30,870	$22,392

Subsequent_Events_Details

Subsequent Events (Details) (USD $)	12 Months Ended						0 Months Ended
In Thousands, except Share data, unless otherwise specified	Dec. 31, 2014		Dec. 31, 2013		Dec. 31, 2012		Feb. 23, 2015
	room						property
Subsequent Event [Line Items]
Number of hotel rooms owned	22,900
Granted (in shares)	4,347	[1]	5,357	[1]	8,530	[1]
Proceeds from divestiture of businesses	$137,829
Subsequent Event
Subsequent Event [Line Items]
Number of properties sold							20
Proceeds from divestiture of businesses							$230,300
Restricted share awards
Subsequent Event [Line Items]
Granted (in shares)	348,234	[1]	383,187	[1]	445,176	[1]
[1]	For the years ended December 31, 2014, 2013 and 2012, respectively, includes 4,347, 5,357 and 8,530 unrestricted shares issued in lieu of cash compensation to non-employee trustees at a weighted average grant date fair value of $29.31, $23.20 and $18.75, respectively.

Quarterly_Operating_Results_De

Quarterly Operating Results (Details) (USD $)	3 Months Ended								12 Months Ended
In Thousands, except Share data, unless otherwise specified	Dec. 31, 2014	Sep. 30, 2014	Jun. 30, 2014	Mar. 31, 2014	Dec. 31, 2013	Sep. 30, 2013	Jun. 30, 2013	Mar. 31, 2013	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Quarterly Financial Information Disclosure [Abstract]
Total revenue	$280,111	$297,666	$295,047	$236,373	$242,571	$252,116	$260,823	$214,870	$1,109,197	$970,380	$849,685
Income from continuing operations, including gain on disposal of hotel properties	34,070	37,064	53,361	11,985	25,595	33,774	38,571	8,803	136,127	106,743	43,462
Income (loss) from discontinued operations					2,087	3,158	2,410	-219	0	7,436	-2,143
Net income	33,845	36,760	52,904	11,932	27,445	36,475	40,510	8,491	135,441	112,921	41,298
Comprehensive income	$28,849	$42,327	$45,991	$10,571	$32,937	$20,513	$45,514	$8,016	$127,738	$106,980	$43,080
Net income (loss) per share attributable to common shareholders before discontinued operations (in dollars per share)	$0.26	$0.28	$0.42	$0.10	$0.21	$0.28	$0.32	$0.08	$1.06	$0.89	$0.40
Discontinued operations (in dollars per share)					$0.01	$0.03	$0.02	$0	$0	$0.06	($0.02)
Net income per share attributable to common shareholders (in dollars per share)	$0.26	$0.28	$0.42	$0.10	$0.22	$0.31	$0.34	$0.08	$1.06	$0.95	$0.38
Income from continuing operations (in dollars per share)	$0.25	$0.28	$0.42	$0.10	$0.21	$0.27	$0.32	$0.08	$1.05	$0.88	$0.40
Discontinued operations (in dollars per share)					$0.01	$0.03	$0.02	$0	$0	$0.06	($0.02)
Net income per share attributable to common shareholders (in dollars per share)	$0.25	$0.28	$0.42	$0.10	$0.22	$0.30	$0.34	$0.08	$1.05	$0.94	$0.38
Basic weighted average common shares outstanding	131,189,673	131,106,440	125,260,607	121,740,962	121,667,166	121,594,219	121,520,253	106,815,375	127,360,669	117,950,066	105,423,604
Diluted weighted average common shares outstanding	132,186,832	132,386,843	126,475,051	122,867,755	122,540,253	122,750,121	122,280,431	107,423,195	128,293,843	118,738,626	105,748,686

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
Real Estate and Accumulated Depreciation
Debt	517,044
Initial Costs
Land & Improvements	703,487
Building & Improvements	2,795,871
Subsequent Costs Capitalized
Building & Improvements	212,529
Land & Improvements	706,497
Building & Improvements	3,005,390
Total	3,711,887	3,461,251	3,218,610	2,908,626
Accumulated Depreciation	382,266	367,306	295,397	228,809
Marriott Airport Austin South
Real Estate and Accumulated Depreciation
Debt	0
Initial Costs
Land & Improvements	2,253
Building & Improvements	16,522
Subsequent Costs Capitalized
Building & Improvements	1,429
Land & Improvements	2,253
Building & Improvements	17,951
Total	20,204
Accumulated Depreciation	3,760
Marriott Airport Austin South | Minimum
Subsequent Costs Capitalized
Depreciation Life	15 years
Marriott Airport Austin South | Maximum
Subsequent Costs Capitalized
Depreciation Life	40 years
Marriott Denver South @ Park Meadow
Real Estate and Accumulated Depreciation
Debt	0
Initial Costs
Land & Improvements	5,385
Building & Improvements	39,488
Subsequent Costs Capitalized
Building & Improvements	1,938
Land & Improvements	5,385
Building & Improvements	41,426
Total	46,811
Accumulated Depreciation	8,756
Marriott Denver South @ Park Meadow | Minimum
Subsequent Costs Capitalized
Depreciation Life	15 years
Marriott Denver South @ Park Meadow | Maximum
Subsequent Costs Capitalized
Depreciation Life	40 years
Marriott Louisville Downtown
Real Estate and Accumulated Depreciation
Debt	73,000
Initial Costs
Land & Improvements	0
Building & Improvements	89,541
Subsequent Costs Capitalized
Building & Improvements	3,547
Land & Improvements	0
Building & Improvements	93,088
Total	93,088
Accumulated Depreciation	19,417
Marriott Louisville Downtown | Minimum
Subsequent Costs Capitalized
Depreciation Life	15 years
Marriott Louisville Downtown | Maximum
Subsequent Costs Capitalized
Depreciation Life	40 years
Marriott Pontiac | Minimum
Subsequent Costs Capitalized
Depreciation Life	15 years
Marriott Pontiac | Maximum
Subsequent Costs Capitalized
Depreciation Life	40 years
Marriott Midway
Real Estate and Accumulated Depreciation
Debt	0
Initial Costs
Land & Improvements	4,464
Building & Improvements	32,736
Subsequent Costs Capitalized
Building & Improvements	1,900
Land & Improvements	4,474
Building & Improvements	34,626
Total	39,100
Accumulated Depreciation	7,320
Marriott Midway | Minimum
Subsequent Costs Capitalized
Depreciation Life	15 years
Marriott Midway | Maximum
Subsequent Costs Capitalized
Depreciation Life	40 years
Renaissance Boulder Suites @ Flatiron
Real Estate and Accumulated Depreciation
Debt	0
Initial Costs
Land & Improvements	4,440
Building & Improvements	32,557
Subsequent Costs Capitalized
Building & Improvements	1,569
Land & Improvements	4,460
Building & Improvements	34,106
Total	38,566
Accumulated Depreciation	7,132
Renaissance Boulder Suites @ Flatiron | Minimum
Subsequent Costs Capitalized
Depreciation Life	15 years
Renaissance Boulder Suites @ Flatiron | Maximum
Subsequent Costs Capitalized
Depreciation Life	40 years
Renaissance Plantation
Real Estate and Accumulated Depreciation
Debt	0
Initial Costs
Land & Improvements	4,842
Building & Improvements	35,517
Subsequent Costs Capitalized
Building & Improvements	1,863
Land & Improvements	4,842
Building & Improvements	37,380
Total	42,222
Accumulated Depreciation	7,785
Renaissance Plantation | Minimum
Subsequent Costs Capitalized
Depreciation Life	15 years
Renaissance Plantation | Maximum
Subsequent Costs Capitalized
Depreciation Life	40 years
Courtyard Austin NW Parmer Lane
Real Estate and Accumulated Depreciation
Debt	0
Initial Costs
Land & Improvements	1,443
Building & Improvements	10,585
Subsequent Costs Capitalized
Building & Improvements	1,489
Land & Improvements	1,446
Building & Improvements	12,071
Total	13,517
Accumulated Depreciation	2,483
Courtyard Austin NW Parmer Lane | Minimum
Subsequent Costs Capitalized
Depreciation Life	15 years
Courtyard Austin NW Parmer Lane | Maximum
Subsequent Costs Capitalized
Depreciation Life	40 years
Courtyard Austin South
Real Estate and Accumulated Depreciation
Debt	4,780
Initial Costs
Land & Improvements	1,530
Building & Improvements	11,222
Subsequent Costs Capitalized
Building & Improvements	1,324
Land & Improvements	1,533
Building & Improvements	12,543
Total	14,076
Accumulated Depreciation	2,602
Courtyard Austin South | Minimum
Subsequent Costs Capitalized
Depreciation Life	15 years
Courtyard Austin South | Maximum
Subsequent Costs Capitalized
Depreciation Life	40 years
Courtyard Brandon | Minimum
Subsequent Costs Capitalized
Depreciation Life	15 years
Courtyard Brandon | Maximum
Subsequent Costs Capitalized
Depreciation Life	40 years
Courtyard Chicago Downtown Mag Mile
Real Estate and Accumulated Depreciation
Debt	31,695
Initial Costs
Land & Improvements	8,140
Building & Improvements	59,696
Subsequent Costs Capitalized
Building & Improvements	2,360
Land & Improvements	8,140
Building & Improvements	62,056
Total	70,196
Accumulated Depreciation	12,979
Courtyard Chicago Downtown Mag Mile | Minimum
Subsequent Costs Capitalized
Depreciation Life	15 years
Courtyard Chicago Downtown Mag Mile | Maximum
Subsequent Costs Capitalized
Depreciation Life	40 years
Courtyard Golden
Real Estate and Accumulated Depreciation
Debt	6,023
Initial Costs
Land & Improvements	1,325
Building & Improvements	9,716
Subsequent Costs Capitalized
Building & Improvements	1,218
Land & Improvements	1,325
Building & Improvements	10,934
Total	12,259
Accumulated Depreciation	2,215
Courtyard Golden | Minimum
Subsequent Costs Capitalized
Depreciation Life	15 years
Courtyard Golden | Maximum
Subsequent Costs Capitalized
Depreciation Life	40 years
Courtyard Hammond
Real Estate and Accumulated Depreciation
Debt	0
Initial Costs
Land & Improvements	1,038
Building & Improvements	7,616
Subsequent Costs Capitalized
Building & Improvements	1,271
Land & Improvements	1,042
Building & Improvements	8,883
Total	9,925
Accumulated Depreciation	1,818
Courtyard Hammond | Minimum
Subsequent Costs Capitalized
Depreciation Life	15 years
Courtyard Hammond | Maximum
Subsequent Costs Capitalized
Depreciation Life	40 years
Courtyard Indy Capital
Real Estate and Accumulated Depreciation
Debt	0
Initial Costs
Land & Improvements	2,482
Building & Improvements	18,207
Subsequent Costs Capitalized
Building & Improvements	1,240
Land & Improvements	2,482
Building & Improvements	19,447
Total	21,929
Accumulated Depreciation	4,020
Courtyard Indy Capital | Minimum
Subsequent Costs Capitalized
Depreciation Life	15 years
Courtyard Indy Capital | Maximum
Subsequent Costs Capitalized
Depreciation Life	40 years
Courtyard Longmont/Boulder
Real Estate and Accumulated Depreciation
Debt	5,364
Initial Costs
Land & Improvements	1,192
Building & Improvements	8,745
Subsequent Costs Capitalized
Building & Improvements	864
Land & Improvements	1,192
Building & Improvements	9,609
Total	10,801
Accumulated Depreciation	1,998
Courtyard Longmont/Boulder | Minimum
Subsequent Costs Capitalized
Depreciation Life	15 years
Courtyard Longmont/Boulder | Maximum
Subsequent Costs Capitalized
Depreciation Life	40 years
Courtyard Louisville
Real Estate and Accumulated Depreciation
Debt	8,142
Initial Costs
Land & Improvements	1,640
Building & Improvements	12,025
Subsequent Costs Capitalized
Building & Improvements	1,443
Land & Improvements	1,642
Building & Improvements	13,466
Total	15,108
Accumulated Depreciation	2,759
Courtyard Louisville | Minimum
Subsequent Costs Capitalized
Depreciation Life	15 years
Courtyard Louisville | Maximum
Subsequent Costs Capitalized
Depreciation Life	40 years
Courtyard Louisville NE
Real Estate and Accumulated Depreciation
Debt	0
Initial Costs
Land & Improvements	1,374
Building & Improvements	10,079
Subsequent Costs Capitalized
Building & Improvements	767
Land & Improvements	1,376
Building & Improvements	10,844
Total	12,220
Accumulated Depreciation	2,288
Courtyard Louisville NE | Minimum
Subsequent Costs Capitalized
Depreciation Life	15 years
Courtyard Louisville NE | Maximum
Subsequent Costs Capitalized
Depreciation Life	40 years
Courtyard Mesquite | Minimum
Subsequent Costs Capitalized
Depreciation Life	15 years
Courtyard Mesquite | Maximum
Subsequent Costs Capitalized
Depreciation Life	40 years
Courtyard Midway
Real Estate and Accumulated Depreciation
Debt	8,406
Initial Costs
Land & Improvements	2,172
Building & Improvements	15,927
Subsequent Costs Capitalized
Building & Improvements	2,126
Land & Improvements	2,176
Building & Improvements	18,049
Total	20,225
Accumulated Depreciation	4,300
Courtyard Midway | Minimum
Subsequent Costs Capitalized
Depreciation Life	15 years
Courtyard Midway | Maximum
Subsequent Costs Capitalized
Depreciation Life	40 years
Courtyard Mishawaka/South Bend
Real Estate and Accumulated Depreciation
Debt	0
Initial Costs
Land & Improvements	640
Building & Improvements	4,699
Subsequent Costs Capitalized
Building & Improvements	1,232
Land & Improvements	642
Building & Improvements	5,929
Total	6,571
Accumulated Depreciation	1,344
Courtyard Mishawaka/South Bend | Minimum
Subsequent Costs Capitalized
Depreciation Life	15 years
Courtyard Mishawaka/South Bend | Maximum
Subsequent Costs Capitalized
Depreciation Life	40 years
Courtyard Pontiac | Minimum
Subsequent Costs Capitalized
Depreciation Life	15 years
Courtyard Pontiac | Maximum
Subsequent Costs Capitalized
Depreciation Life	40 years
Courtyard Salt Lake City Airport
Real Estate and Accumulated Depreciation
Debt	0
Initial Costs
Land & Improvements	2,333
Building & Improvements	17,110
Subsequent Costs Capitalized
Building & Improvements	1,328
Land & Improvements	2,333
Building & Improvements	18,438
Total	20,771
Accumulated Depreciation	3,751
Courtyard Salt Lake City Airport | Minimum
Subsequent Costs Capitalized
Depreciation Life	15 years
Courtyard Salt Lake City Airport | Maximum
Subsequent Costs Capitalized
Depreciation Life	40 years
Courtyard San Antonio Airport Northstar | Minimum
Subsequent Costs Capitalized
Depreciation Life	15 years
Courtyard San Antonio Airport Northstar | Maximum
Subsequent Costs Capitalized
Depreciation Life	40 years
Courtyard Sugarland
Real Estate and Accumulated Depreciation
Debt	0
Initial Costs
Land & Improvements	1,217
Building & Improvements	8,931
Subsequent Costs Capitalized
Building & Improvements	1,084
Land & Improvements	1,217
Building & Improvements	10,015
Total	11,232
Accumulated Depreciation	2,012
Courtyard Sugarland | Minimum
Subsequent Costs Capitalized
Depreciation Life	15 years
Courtyard Sugarland | Maximum
Subsequent Costs Capitalized
Depreciation Life	40 years
Courtyard Schaumburg | Minimum
Subsequent Costs Capitalized
Depreciation Life	15 years
Courtyard Schaumburg | Maximum
Subsequent Costs Capitalized
Depreciation Life	40 years
Courtyard Miramar
Real Estate and Accumulated Depreciation
Debt	0
Initial Costs
Land & Improvements	1,619
Building & Improvements	11,872
Subsequent Costs Capitalized
Building & Improvements	1,143
Land & Improvements	1,619
Building & Improvements	13,015
Total	14,634
Accumulated Depreciation	2,285
Courtyard Miramar | Minimum
Subsequent Costs Capitalized
Depreciation Life	15 years
Courtyard Miramar | Maximum
Subsequent Costs Capitalized
Depreciation Life	40 years
Courtyard Austin Downtown
Real Estate and Accumulated Depreciation
Debt	49,200
Initial Costs
Land & Improvements	6,049
Building & Improvements	44,361
Subsequent Costs Capitalized
Building & Improvements	1,477
Land & Improvements	6,049
Building & Improvements	45,838
Total	51,887
Accumulated Depreciation	8,146
Courtyard Austin Downtown | Minimum
Subsequent Costs Capitalized
Depreciation Life	15 years
Courtyard Austin Downtown | Maximum
Subsequent Costs Capitalized
Depreciation Life	40 years
Courtyard Grand Junction | Minimum
Subsequent Costs Capitalized
Depreciation Life	15 years
Courtyard Grand Junction | Maximum
Subsequent Costs Capitalized
Depreciation Life	40 years
Courtyard Austin Airport
Real Estate and Accumulated Depreciation
Debt	0
Initial Costs
Land & Improvements	1,691
Building & Improvements	12,404
Subsequent Costs Capitalized
Building & Improvements	1,782
Land & Improvements	1,749
Building & Improvements	14,128
Total	15,877
Accumulated Depreciation	2,356
Courtyard Austin Airport | Minimum
Subsequent Costs Capitalized
Depreciation Life	15 years
Courtyard Austin Airport | Maximum
Subsequent Costs Capitalized
Depreciation Life	40 years
Residence Inn Austin NW
Real Estate and Accumulated Depreciation
Debt	0
Initial Costs
Land & Improvements	1,403
Building & Improvements	10,290
Subsequent Costs Capitalized
Building & Improvements	1,855
Land & Improvements	1,403
Building & Improvements	12,145
Total	13,548
Accumulated Depreciation	2,279
Residence Inn Austin NW | Minimum
Subsequent Costs Capitalized
Depreciation Life	15 years
Residence Inn Austin NW | Maximum
Subsequent Costs Capitalized
Depreciation Life	40 years
Residence Inn Austin South Airport
Real Estate and Accumulated Depreciation
Debt	0
Initial Costs
Land & Improvements	802
Building & Improvements	5,883
Subsequent Costs Capitalized
Building & Improvements	807
Land & Improvements	802
Building & Improvements	6,690
Total	7,492
Accumulated Depreciation	1,324
Residence Inn Austin South Airport | Minimum
Subsequent Costs Capitalized
Depreciation Life	15 years
Residence Inn Austin South Airport | Maximum
Subsequent Costs Capitalized
Depreciation Life	40 years
Residence Inn Austin Parmer Lane
Real Estate and Accumulated Depreciation
Debt	7,037
Initial Costs
Land & Improvements	1,483
Building & Improvements	10,872
Subsequent Costs Capitalized
Building & Improvements	572
Land & Improvements	1,483
Building & Improvements	11,444
Total	12,927
Accumulated Depreciation	2,352
Residence Inn Austin Parmer Lane | Minimum
Subsequent Costs Capitalized
Depreciation Life	15 years
Residence Inn Austin Parmer Lane | Maximum
Subsequent Costs Capitalized
Depreciation Life	40 years
Residence Inn Carmel | Minimum
Subsequent Costs Capitalized
Depreciation Life	15 years
Residence Inn Carmel | Maximum
Subsequent Costs Capitalized
Depreciation Life	40 years
Residence Inn Fishers
Real Estate and Accumulated Depreciation
Debt	0
Initial Costs
Land & Improvements	998
Building & Improvements	7,322
Subsequent Costs Capitalized
Building & Improvements	955
Land & Improvements	998
Building & Improvements	8,277
Total	9,275
Accumulated Depreciation	1,646
Residence Inn Fishers | Minimum
Subsequent Costs Capitalized
Depreciation Life	15 years
Residence Inn Fishers | Maximum
Subsequent Costs Capitalized
Depreciation Life	40 years
Residence Inn Golden
Real Estate and Accumulated Depreciation
Debt	6,162
Initial Costs
Land & Improvements	1,222
Building & Improvements	8,963
Subsequent Costs Capitalized
Building & Improvements	660
Land & Improvements	1,222
Building & Improvements	9,623
Total	10,845
Accumulated Depreciation	1,918
Residence Inn Golden | Minimum
Subsequent Costs Capitalized
Depreciation Life	15 years
Residence Inn Golden | Maximum
Subsequent Costs Capitalized
Depreciation Life	40 years
Residence Inn Hammond
Real Estate and Accumulated Depreciation
Debt	0
Initial Costs
Land & Improvements	980
Building & Improvements	7,190
Subsequent Costs Capitalized
Building & Improvements	918
Land & Improvements	980
Building & Improvements	8,108
Total	9,088
Accumulated Depreciation	1,615
Residence Inn Hammond | Minimum
Subsequent Costs Capitalized
Depreciation Life	15 years
Residence Inn Hammond | Maximum
Subsequent Costs Capitalized
Depreciation Life	40 years
Residence Inn Galleria
Real Estate and Accumulated Depreciation
Debt	0
Initial Costs
Land & Improvements	2,665
Building & Improvements	19,549
Subsequent Costs Capitalized
Building & Improvements	2,609
Land & Improvements	2,665
Building & Improvements	22,158
Total	24,823
Accumulated Depreciation	4,351
Residence Inn Galleria | Minimum
Subsequent Costs Capitalized
Depreciation Life	15 years
Residence Inn Galleria | Maximum
Subsequent Costs Capitalized
Depreciation Life	40 years
Residence Inn Indianapolis Canal [Member]
Real Estate and Accumulated Depreciation
Debt	0
Initial Costs
Land & Improvements	2,670
Building & Improvements	19,588
Subsequent Costs Capitalized
Building & Improvements	1,867
Land & Improvements	2,670
Building & Improvements	21,455
Total	24,125
Accumulated Depreciation	4,400
Residence Inn Indianapolis Canal [Member] | Minimum
Subsequent Costs Capitalized
Depreciation Life	15 years
Residence Inn Indianapolis Canal [Member] | Maximum
Subsequent Costs Capitalized
Depreciation Life	40 years
Residence Inn Longmont
Real Estate and Accumulated Depreciation
Debt	6,164
Initial Costs
Land & Improvements	1,407
Building & Improvements	10,321
Subsequent Costs Capitalized
Building & Improvements	779
Land & Improvements	1,407
Building & Improvements	11,100
Total	12,507
Accumulated Depreciation	2,251
Residence Inn Longmont | Minimum
Subsequent Costs Capitalized
Depreciation Life	15 years
Residence Inn Longmont | Maximum
Subsequent Costs Capitalized
Depreciation Life	40 years
Residence Inn Louisville
Real Estate and Accumulated Depreciation
Debt	0
Initial Costs
Land & Improvements	1,298
Building & Improvements	9,519
Subsequent Costs Capitalized
Building & Improvements	923
Land & Improvements	1,298
Building & Improvements	10,442
Total	11,740
Accumulated Depreciation	2,104
Residence Inn Louisville | Minimum
Subsequent Costs Capitalized
Depreciation Life	15 years
Residence Inn Louisville | Maximum
Subsequent Costs Capitalized
Depreciation Life	40 years
Residence Inn Louisville NE
Real Estate and Accumulated Depreciation
Debt	6,782
Initial Costs
Land & Improvements	1,319
Building & Improvements	9,675
Subsequent Costs Capitalized
Building & Improvements	730
Land & Improvements	1,319
Building & Improvements	10,405
Total	11,724
Accumulated Depreciation	2,072
Residence Inn Louisville NE | Minimum
Subsequent Costs Capitalized
Depreciation Life	15 years
Residence Inn Louisville NE | Maximum
Subsequent Costs Capitalized
Depreciation Life	40 years
Residence Inn Merrillville
Real Estate and Accumulated Depreciation
Debt	0
Initial Costs
Land & Improvements	595
Building & Improvements	4,372
Subsequent Costs Capitalized
Building & Improvements	1,243
Land & Improvements	595
Building & Improvements	5,615
Total	6,210
Accumulated Depreciation	1,321
Residence Inn Merrillville | Minimum
Subsequent Costs Capitalized
Depreciation Life	15 years
Residence Inn Merrillville | Maximum
Subsequent Costs Capitalized
Depreciation Life	40 years
Residence Inn Novi
Real Estate and Accumulated Depreciation
Debt	6,214
Initial Costs
Land & Improvements	1,427
Building & Improvements	10,445
Subsequent Costs Capitalized
Building & Improvements	91
Land & Improvements	1,427
Building & Improvements	10,536
Total	11,963
Accumulated Depreciation	2,225
Residence Inn Novi | Minimum
Subsequent Costs Capitalized
Depreciation Life	15 years
Residence Inn Novi | Maximum
Subsequent Costs Capitalized
Depreciation Life	40 years
Residence Inn Oakbrook
Real Estate and Accumulated Depreciation
Debt	10,140
Initial Costs
Land & Improvements	0
Building & Improvements	20,436
Subsequent Costs Capitalized
Building & Improvements	829
Land & Improvements	0
Building & Improvements	21,265
Total	21,265
Accumulated Depreciation	4,407
Residence Inn Oakbrook | Minimum
Subsequent Costs Capitalized
Depreciation Life	15 years
Residence Inn Oakbrook | Maximum
Subsequent Costs Capitalized
Depreciation Life	40 years
Residence Inn Plantation
Real Estate and Accumulated Depreciation
Debt	0
Initial Costs
Land & Improvements	2,183
Building & Improvements	16,021
Subsequent Costs Capitalized
Building & Improvements	1,041
Land & Improvements	2,295
Building & Improvements	16,950
Total	19,245
Accumulated Depreciation	3,925
Residence Inn Plantation | Minimum
Subsequent Costs Capitalized
Depreciation Life	15 years
Residence Inn Plantation | Maximum
Subsequent Costs Capitalized
Depreciation Life	40 years
Residence Inn Pontiac | Minimum
Subsequent Costs Capitalized
Depreciation Life	15 years
Residence Inn Pontiac | Maximum
Subsequent Costs Capitalized
Depreciation Life	40 years
Residence Inn Round Rock | Minimum
Subsequent Costs Capitalized
Depreciation Life	15 years
Residence Inn Round Rock | Maximum
Subsequent Costs Capitalized
Depreciation Life	40 years
Residence Inn Salt Lake City
Real Estate and Accumulated Depreciation
Debt	0
Initial Costs
Land & Improvements	875
Building & Improvements	6,416
Subsequent Costs Capitalized
Building & Improvements	1,170
Land & Improvements	875
Building & Improvements	7,586
Total	8,461
Accumulated Depreciation	1,457
Residence Inn Salt Lake City | Minimum
Subsequent Costs Capitalized
Depreciation Life	15 years
Residence Inn Salt Lake City | Maximum
Subsequent Costs Capitalized
Depreciation Life	40 years
Residence Inn San Antonio Downtown
Real Estate and Accumulated Depreciation
Debt	0
Initial Costs
Land & Improvements	1,822
Building & Improvements	13,360
Subsequent Costs Capitalized
Building & Improvements	2,241
Land & Improvements	1,822
Building & Improvements	15,601
Total	17,423
Accumulated Depreciation	2,999
Residence Inn San Antonio Downtown | Minimum
Subsequent Costs Capitalized
Depreciation Life	15 years
Residence Inn San Antonio Downtown | Maximum
Subsequent Costs Capitalized
Depreciation Life	40 years
Residence Inn Schaumburg | Minimum
Subsequent Costs Capitalized
Depreciation Life	15 years
Residence Inn Schaumburg | Maximum
Subsequent Costs Capitalized
Depreciation Life	40 years
Residence Inn South Bend
Real Estate and Accumulated Depreciation
Debt	0
Initial Costs
Land & Improvements	603
Building & Improvements	4,425
Subsequent Costs Capitalized
Building & Improvements	459
Land & Improvements	603
Building & Improvements	4,884
Total	5,487
Accumulated Depreciation	997
Residence Inn South Bend | Minimum
Subsequent Costs Capitalized
Depreciation Life	15 years
Residence Inn South Bend | Maximum
Subsequent Costs Capitalized
Depreciation Life	40 years
Residence Inn Sugarland
Real Estate and Accumulated Depreciation
Debt	0
Initial Costs
Land & Improvements	1,100
Building & Improvements	8,073
Subsequent Costs Capitalized
Building & Improvements	1,315
Land & Improvements	1,100
Building & Improvements	9,388
Total	10,488
Accumulated Depreciation	1,941
Residence Inn Sugarland | Minimum
Subsequent Costs Capitalized
Depreciation Life	15 years
Residence Inn Sugarland | Maximum
Subsequent Costs Capitalized
Depreciation Life	40 years
Residence Inn Chicago Naperville
Real Estate and Accumulated Depreciation
Debt	8,830
Initial Costs
Land & Improvements	1,923
Building & Improvements	14,101
Subsequent Costs Capitalized
Building & Improvements	838
Land & Improvements	1,923
Building & Improvements	14,939
Total	16,862
Accumulated Depreciation	3,138
Residence Inn Chicago Naperville | Minimum
Subsequent Costs Capitalized
Depreciation Life	15 years
Residence Inn Chicago Naperville | Maximum
Subsequent Costs Capitalized
Depreciation Life	40 years
Residence Inn Downtown Louisville
Real Estate and Accumulated Depreciation
Debt	0
Initial Costs
Land & Improvements	1,815
Building & Improvements	13,308
Subsequent Costs Capitalized
Building & Improvements	744
Land & Improvements	1,815
Building & Improvements	14,052
Total	15,867
Accumulated Depreciation	2,712
Residence Inn Downtown Louisville | Minimum
Subsequent Costs Capitalized
Depreciation Life	15 years
Residence Inn Downtown Louisville | Maximum
Subsequent Costs Capitalized
Depreciation Life	40 years
Residence Inn Miramar
Real Estate and Accumulated Depreciation
Debt	0
Initial Costs
Land & Improvements	1,692
Building & Improvements	12,409
Subsequent Costs Capitalized
Building & Improvements	1,467
Land & Improvements	1,692
Building & Improvements	13,876
Total	15,568
Accumulated Depreciation	2,366
Residence Inn Miramar | Minimum
Subsequent Costs Capitalized
Depreciation Life	15 years
Residence Inn Miramar | Maximum
Subsequent Costs Capitalized
Depreciation Life	40 years
Residence Inn Grand Junction | Minimum
Subsequent Costs Capitalized
Depreciation Life	15 years
Residence Inn Grand Junction | Maximum
Subsequent Costs Capitalized
Depreciation Life	40 years
Residence Inn Austin Downtown
Real Estate and Accumulated Depreciation
Debt	32,800
Initial Costs
Land & Improvements	3,767
Building & Improvements	27,626
Subsequent Costs Capitalized
Building & Improvements	620
Land & Improvements	3,767
Building & Improvements	28,246
Total	32,013
Accumulated Depreciation	5,054
Residence Inn Austin Downtown | Minimum
Subsequent Costs Capitalized
Depreciation Life	15 years
Residence Inn Austin Downtown | Maximum
Subsequent Costs Capitalized
Depreciation Life	40 years
SpringHill Suites North Parmer Lane
Real Estate and Accumulated Depreciation
Debt	6,164
Initial Costs
Land & Improvements	1,957
Building & Improvements	14,351
Subsequent Costs Capitalized
Building & Improvements	577
Land & Improvements	1,957
Building & Improvements	14,928
Total	16,885
Accumulated Depreciation	3,096
SpringHill Suites North Parmer Lane | Minimum
Subsequent Costs Capitalized
Depreciation Life	15 years
SpringHill Suites North Parmer Lane | Maximum
Subsequent Costs Capitalized
Depreciation Life	40 years
SpringHill Suites Austin South Airport
Real Estate and Accumulated Depreciation
Debt	0
Initial Costs
Land & Improvements	1,605
Building & Improvements	11,768
Subsequent Costs Capitalized
Building & Improvements	719
Land & Improvements	1,605
Building & Improvements	12,487
Total	14,092
Accumulated Depreciation	2,551
SpringHill Suites Austin South Airport | Minimum
Subsequent Costs Capitalized
Depreciation Life	15 years
SpringHill Suites Austin South Airport | Maximum
Subsequent Costs Capitalized
Depreciation Life	40 years
SpringHill Suites Carmel | Minimum
Subsequent Costs Capitalized
Depreciation Life	15 years
SpringHill Suites Carmel | Maximum
Subsequent Costs Capitalized
Depreciation Life	40 years
SpringHill Suites Louisville Hurstbourne
Real Estate and Accumulated Depreciation
Debt	7,302
Initial Costs
Land & Improvements	1,890
Building & Improvements	13,869
Subsequent Costs Capitalized
Building & Improvements	929
Land & Improvements	1,890
Building & Improvements	14,798
Total	16,688
Accumulated Depreciation	3,070
SpringHill Suites Louisville Hurstbourne | Minimum
Subsequent Costs Capitalized
Depreciation Life	15 years
SpringHill Suites Louisville Hurstbourne | Maximum
Subsequent Costs Capitalized
Depreciation Life	40 years
SpringHill Suites Mishawaka South Bend
Real Estate and Accumulated Depreciation
Debt	5,049
Initial Costs
Land & Improvements	983
Building & Improvements	7,217
Subsequent Costs Capitalized
Building & Improvements	263
Land & Improvements	983
Building & Improvements	7,480
Total	8,463
Accumulated Depreciation	1,693
SpringHill Suites Mishawaka South Bend | Minimum
Subsequent Costs Capitalized
Depreciation Life	15 years
SpringHill Suites Mishawaka South Bend | Maximum
Subsequent Costs Capitalized
Depreciation Life	40 years
SpringHill Suites Schaumburg | Minimum
Subsequent Costs Capitalized
Depreciation Life	15 years
SpringHill Suites Schaumburg | Maximum
Subsequent Costs Capitalized
Depreciation Life	40 years
SpringHill Suites Westminster
Real Estate and Accumulated Depreciation
Debt	9,122
Initial Costs
Land & Improvements	2,409
Building & Improvements	17,670
Subsequent Costs Capitalized
Building & Improvements	1,120
Land & Improvements	2,409
Building & Improvements	18,790
Total	21,199
Accumulated Depreciation	3,943
SpringHill Suites Westminster | Minimum
Subsequent Costs Capitalized
Depreciation Life	15 years
SpringHill Suites Westminster | Maximum
Subsequent Costs Capitalized
Depreciation Life	40 years
SpringHill Suites Longmont
Real Estate and Accumulated Depreciation
Debt	0
Initial Costs
Land & Improvements	1,144
Building & Improvements	8,388
Subsequent Costs Capitalized
Building & Improvements	694
Land & Improvements	1,144
Building & Improvements	9,082
Total	10,226
Accumulated Depreciation	1,745
SpringHill Suites Longmont | Minimum
Subsequent Costs Capitalized
Depreciation Life	15 years
SpringHill Suites Longmont | Maximum
Subsequent Costs Capitalized
Depreciation Life	40 years
Fairfield Inn Austin South
Real Estate and Accumulated Depreciation
Debt	0
Initial Costs
Land & Improvements	505
Building & Improvements	3,702
Subsequent Costs Capitalized
Building & Improvements	474
Land & Improvements	505
Building & Improvements	4,176
Total	4,681
Accumulated Depreciation	819
Fairfield Inn Austin South | Minimum
Subsequent Costs Capitalized
Depreciation Life	15 years
Fairfield Inn Austin South | Maximum
Subsequent Costs Capitalized
Depreciation Life	40 years
Fairfield Inn Brandon | Minimum
Subsequent Costs Capitalized
Depreciation Life	15 years
Fairfield Inn Brandon | Maximum
Subsequent Costs Capitalized
Depreciation Life	40 years
Fairfield Inn & Suites Cherry Creek
Real Estate and Accumulated Depreciation
Debt	0
Initial Costs
Land & Improvements	1,203
Building & Improvements	8,823
Subsequent Costs Capitalized
Building & Improvements	1,255
Land & Improvements	1,203
Building & Improvements	10,078
Total	11,281
Accumulated Depreciation	2,042
Fairfield Inn & Suites Cherry Creek | Minimum
Subsequent Costs Capitalized
Depreciation Life	15 years
Fairfield Inn & Suites Cherry Creek | Maximum
Subsequent Costs Capitalized
Depreciation Life	40 years
Fairfield Inn Hammond
Real Estate and Accumulated Depreciation
Debt	0
Initial Costs
Land & Improvements	722
Building & Improvements	5,301
Subsequent Costs Capitalized
Building & Improvements	1,098
Land & Improvements	722
Building & Improvements	6,399
Total	7,121
Accumulated Depreciation	1,229
Fairfield Inn Hammond | Minimum
Subsequent Costs Capitalized
Depreciation Life	15 years
Fairfield Inn Hammond | Maximum
Subsequent Costs Capitalized
Depreciation Life	40 years
Fairfield Inn & Suites Key West
Real Estate and Accumulated Depreciation
Debt	0
Initial Costs
Land & Improvements	1,803
Building & Improvements	19,325
Subsequent Costs Capitalized
Building & Improvements	3,054
Land & Improvements	1,853
Building & Improvements	22,329
Total	24,182
Accumulated Depreciation	4,030
Fairfield Inn & Suites Key West | Minimum
Subsequent Costs Capitalized
Depreciation Life	15 years
Fairfield Inn & Suites Key West | Maximum
Subsequent Costs Capitalized
Depreciation Life	40 years
Fairfield Inn Merrillville | Minimum
Subsequent Costs Capitalized
Depreciation Life	15 years
Fairfield Inn Merrillville | Maximum
Subsequent Costs Capitalized
Depreciation Life	40 years
Fairfield Inn Midway
Real Estate and Accumulated Depreciation
Debt	4,561
Initial Costs
Land & Improvements	1,425
Building & Improvements	10,449
Subsequent Costs Capitalized
Building & Improvements	210
Land & Improvements	1,425
Building & Improvements	10,659
Total	12,084
Accumulated Depreciation	2,257
Fairfield Inn Midway | Minimum
Subsequent Costs Capitalized
Depreciation Life	15 years
Fairfield Inn Midway | Maximum
Subsequent Costs Capitalized
Depreciation Life	40 years
Fairfield Inn San Antonio Airport | Minimum
Subsequent Costs Capitalized
Depreciation Life	15 years
Fairfield Inn San Antonio Airport | Maximum
Subsequent Costs Capitalized
Depreciation Life	40 years
Fairfield Inn San Antonio Downtown
Real Estate and Accumulated Depreciation
Debt	0
Initial Costs
Land & Improvements	1,378
Building & Improvements	10,105
Subsequent Costs Capitalized
Building & Improvements	926
Land & Improvements	1,378
Building & Improvements	11,031
Total	12,409
Accumulated Depreciation	2,218
Fairfield Inn San Antonio Downtown | Minimum
Subsequent Costs Capitalized
Depreciation Life	15 years
Fairfield Inn San Antonio Downtown | Maximum
Subsequent Costs Capitalized
Depreciation Life	40 years
Fairfield Inn Valparaiso
Real Estate and Accumulated Depreciation
Debt	0
Initial Costs
Land & Improvements	157
Building & Improvements	1,157
Subsequent Costs Capitalized
Building & Improvements	136
Land & Improvements	157
Building & Improvements	1,293
Total	1,450
Accumulated Depreciation	332
Fairfield Inn Valparaiso | Minimum
Subsequent Costs Capitalized
Depreciation Life	15 years
Fairfield Inn Valparaiso | Maximum
Subsequent Costs Capitalized
Depreciation Life	40 years
Hampton Inn Merrillville | Minimum
Subsequent Costs Capitalized
Depreciation Life	15 years
Hampton Inn Merrillville | Maximum
Subsequent Costs Capitalized
Depreciation Life	40 years
Holiday Inn Express Merrillville
Real Estate and Accumulated Depreciation
Debt	0
Initial Costs
Land & Improvements	545
Building & Improvements	4,005
Subsequent Costs Capitalized
Building & Improvements	87
Land & Improvements	545
Building & Improvements	4,092
Total	4,637
Accumulated Depreciation	873
Holiday Inn Express Merrillville | Minimum
Subsequent Costs Capitalized
Depreciation Life	15 years
Holiday Inn Express Merrillville | Maximum
Subsequent Costs Capitalized
Depreciation Life	40 years
Hampton Inn Chicago Midway Airport
Real Estate and Accumulated Depreciation
Debt	0
Initial Costs
Land & Improvements	2,747
Building & Improvements	20,143
Subsequent Costs Capitalized
Building & Improvements	2,288
Land & Improvements	2,747
Building & Improvements	22,431
Total	25,178
Accumulated Depreciation	4,534
Hampton Inn Chicago Midway Airport | Minimum
Subsequent Costs Capitalized
Depreciation Life	15 years
Hampton Inn Chicago Midway Airport | Maximum
Subsequent Costs Capitalized
Depreciation Life	40 years
Hilton Garden Inn Midway
Real Estate and Accumulated Depreciation
Debt	0
Initial Costs
Land & Improvements	2,978
Building & Improvements	21,842
Subsequent Costs Capitalized
Building & Improvements	953
Land & Improvements	2,978
Building & Improvements	22,795
Total	25,773
Accumulated Depreciation	4,746
Hilton Garden Inn Midway | Minimum
Subsequent Costs Capitalized
Depreciation Life	15 years
Hilton Garden Inn Midway | Maximum
Subsequent Costs Capitalized
Depreciation Life	40 years
Sleep Inn Midway Airport
Real Estate and Accumulated Depreciation
Debt	0
Initial Costs
Land & Improvements	1,189
Building & Improvements	8,718
Subsequent Costs Capitalized
Building & Improvements	1,576
Land & Improvements	1,189
Building & Improvements	10,294
Total	11,483
Accumulated Depreciation	2,223
Sleep Inn Midway Airport | Minimum
Subsequent Costs Capitalized
Depreciation Life	15 years
Sleep Inn Midway Airport | Maximum
Subsequent Costs Capitalized
Depreciation Life	40 years
Holiday Inn Express Hotel & Suites Midway Airport
Real Estate and Accumulated Depreciation
Debt	0
Initial Costs
Land & Improvements	1,874
Building & Improvements	13,742
Subsequent Costs Capitalized
Building & Improvements	231
Land & Improvements	1,874
Building & Improvements	13,973
Total	15,847
Accumulated Depreciation	2,987
Holiday Inn Express Hotel & Suites Midway Airport | Minimum
Subsequent Costs Capitalized
Depreciation Life	15 years
Holiday Inn Express Hotel & Suites Midway Airport | Maximum
Subsequent Costs Capitalized
Depreciation Life	40 years
Homewood Suites Brandon | Minimum
Subsequent Costs Capitalized
Depreciation Life	15 years
Homewood Suites Brandon | Maximum
Subsequent Costs Capitalized
Depreciation Life	40 years
Hilton Garden Inn Bloomington
Real Estate and Accumulated Depreciation
Debt	17,500
Initial Costs
Land & Improvements	0
Building & Improvements	18,945
Subsequent Costs Capitalized
Building & Improvements	896
Land & Improvements	0
Building & Improvements	19,841
Total	19,841
Accumulated Depreciation	2,904
Hilton Garden Inn Bloomington | Minimum
Subsequent Costs Capitalized
Depreciation Life	15 years
Hilton Garden Inn Bloomington | Maximum
Subsequent Costs Capitalized
Depreciation Life	40 years
TGIFriday's
Real Estate and Accumulated Depreciation
Debt	2,107
Initial Costs
Land & Improvements	829
Building & Improvements	6,139
Subsequent Costs Capitalized
Building & Improvements	180
Land & Improvements	829
Building & Improvements	6,319
Total	7,148
Accumulated Depreciation	1,325
TGIFriday's | Minimum
Subsequent Costs Capitalized
Depreciation Life	15 years
TGIFriday's | Maximum
Subsequent Costs Capitalized
Depreciation Life	40 years
SpringHill Suites Bakersfield
Real Estate and Accumulated Depreciation
Debt	0
Initial Costs
Land & Improvements	1,560
Building & Improvements	8,838
Subsequent Costs Capitalized
Building & Improvements	227
Land & Improvements	1,575
Building & Improvements	9,050
Total	10,625
Accumulated Depreciation	1,885
SpringHill Suites Bakersfield | Minimum
Subsequent Costs Capitalized
Depreciation Life	15 years
SpringHill Suites Bakersfield | Maximum
Subsequent Costs Capitalized
Depreciation Life	40 years
Hampton Inn & Suites Clearwater
Real Estate and Accumulated Depreciation
Debt	0
Initial Costs
Land & Improvements	1,106
Building & Improvements	12,721
Subsequent Costs Capitalized
Building & Improvements	1,069
Land & Improvements	1,114
Building & Improvements	13,782
Total	14,896
Accumulated Depreciation	2,445
Hampton Inn & Suites Clearwater | Minimum
Subsequent Costs Capitalized
Depreciation Life	15 years
Hampton Inn & Suites Clearwater | Maximum
Subsequent Costs Capitalized
Depreciation Life	40 years
Hampton Inn Garden City
Real Estate and Accumulated Depreciation
Debt	0
Initial Costs
Land & Improvements	5,691
Building & Improvements	22,764
Subsequent Costs Capitalized
Building & Improvements	634
Land & Improvements	5,717
Building & Improvements	23,372
Total	29,089
Accumulated Depreciation	4,344
Hampton Inn Garden City | Minimum
Subsequent Costs Capitalized
Depreciation Life	15 years
Hampton Inn Garden City | Maximum
Subsequent Costs Capitalized
Depreciation Life	40 years
Courtyard Houston Galleria
Real Estate and Accumulated Depreciation
Debt	26,000
Initial Costs
Land & Improvements	3,069
Building & Improvements	22,508
Subsequent Costs Capitalized
Building & Improvements	33
Land & Improvements	3,069
Building & Improvements	22,541
Total	25,610
Accumulated Depreciation	4,175
Courtyard Houston Galleria | Minimum
Subsequent Costs Capitalized
Depreciation Life	15 years
Courtyard Houston Galleria | Maximum
Subsequent Costs Capitalized
Depreciation Life	40 years
Hampton Inn Fort Walton Beach
Real Estate and Accumulated Depreciation
Debt	0
Initial Costs
Land & Improvements	8,774
Building & Improvements	6,109
Subsequent Costs Capitalized
Building & Improvements	1,026
Land & Improvements	8,841
Building & Improvements	7,068
Total	15,909
Accumulated Depreciation	1,234
Hampton Inn Fort Walton Beach | Minimum
Subsequent Costs Capitalized
Depreciation Life	15 years
Hampton Inn Fort Walton Beach | Maximum
Subsequent Costs Capitalized
Depreciation Life	40 years
Embassy Suites Downey
Real Estate and Accumulated Depreciation
Debt	21,707
Initial Costs
Land & Improvements	4,857
Building & Improvements	29,943
Subsequent Costs Capitalized
Building & Improvements	3,835
Land & Improvements	4,946
Building & Improvements	33,689
Total	38,635
Accumulated Depreciation	5,506
Embassy Suites Downey | Minimum
Subsequent Costs Capitalized
Depreciation Life	15 years
Embassy Suites Downey | Maximum
Subsequent Costs Capitalized
Depreciation Life	40 years
Hyatt House Austin
Real Estate and Accumulated Depreciation
Debt	10,163
Initial Costs
Land & Improvements	2,813
Building & Improvements	15,940
Subsequent Costs Capitalized
Building & Improvements	909
Land & Improvements	2,813
Building & Improvements	16,849
Total	19,662
Accumulated Depreciation	2,610
Hyatt House Austin | Minimum
Subsequent Costs Capitalized
Depreciation Life	15 years
Hyatt House Austin | Maximum
Subsequent Costs Capitalized
Depreciation Life	40 years
Hyatt House Dallas Lincoln Park
Real Estate and Accumulated Depreciation
Debt	17,168
Initial Costs
Land & Improvements	3,169
Building & Improvements	17,958
Subsequent Costs Capitalized
Building & Improvements	480
Land & Improvements	3,250
Building & Improvements	18,357
Total	21,607
Accumulated Depreciation	2,981
Hyatt House Dallas Lincoln Park | Minimum
Subsequent Costs Capitalized
Depreciation Life	15 years
Hyatt House Dallas Lincoln Park | Maximum
Subsequent Costs Capitalized
Depreciation Life	40 years
Hyatt House Dallas Uptown
Real Estate and Accumulated Depreciation
Debt	12,136
Initial Costs
Land & Improvements	2,241
Building & Improvements	12,698
Subsequent Costs Capitalized
Building & Improvements	601
Land & Improvements	2,290
Building & Improvements	13,250
Total	15,540
Accumulated Depreciation	2,082
Hyatt House Dallas Uptown | Minimum
Subsequent Costs Capitalized
Depreciation Life	15 years
Hyatt House Dallas Uptown | Maximum
Subsequent Costs Capitalized
Depreciation Life	40 years
Hyatt House Houston
Real Estate and Accumulated Depreciation
Debt	12,826
Initial Costs
Land & Improvements	2,976
Building & Improvements	16,866
Subsequent Costs Capitalized
Building & Improvements	1,908
Land & Improvements	2,976
Building & Improvements	18,774
Total	21,750
Accumulated Depreciation	2,833
Hyatt House Houston | Minimum
Subsequent Costs Capitalized
Depreciation Life	15 years
Hyatt House Houston | Maximum
Subsequent Costs Capitalized
Depreciation Life	40 years
Hilton Garden Inn New York/West 35th Street
Real Estate and Accumulated Depreciation
Debt	0
Initial Costs
Land & Improvements	24,244
Building & Improvements	96,978
Subsequent Costs Capitalized
Building & Improvements	978
Land & Improvements	24,257
Building & Improvements	97,943
Total	122,200
Accumulated Depreciation	14,461
Hilton Garden Inn New York/West 35th Street | Minimum
Subsequent Costs Capitalized
Depreciation Life	15 years
Hilton Garden Inn New York/West 35th Street | Maximum
Subsequent Costs Capitalized
Depreciation Life	40 years
Embassy Suite Tampa Downtown Convention Center
Real Estate and Accumulated Depreciation
Debt	0
Initial Costs
Land & Improvements	2,161
Building & Improvements	71,017
Subsequent Costs Capitalized
Building & Improvements	1,464
Land & Improvements	2,310
Building & Improvements	72,332
Total	74,642
Accumulated Depreciation	8,665
Embassy Suite Tampa Downtown Convention Center | Minimum
Subsequent Costs Capitalized
Depreciation Life	15 years
Embassy Suite Tampa Downtown Convention Center | Maximum
Subsequent Costs Capitalized
Depreciation Life	40 years
Fairfield Inn and Suites Washington, DC
Real Estate and Accumulated Depreciation
Debt	0
Initial Costs
Land & Improvements	16,214
Building & Improvements	22,265
Subsequent Costs Capitalized
Building & Improvements	4,786
Land & Improvements	16,307
Building & Improvements	26,958
Total	43,265
Accumulated Depreciation	3,529
Fairfield Inn and Suites Washington, DC | Minimum
Subsequent Costs Capitalized
Depreciation Life	15 years
Fairfield Inn and Suites Washington, DC | Maximum
Subsequent Costs Capitalized
Depreciation Life	40 years
Embassy Suites Fort Myers Estero
Real Estate and Accumulated Depreciation
Debt	0
Initial Costs
Land & Improvements	2,816
Building & Improvements	7,862
Subsequent Costs Capitalized
Building & Improvements	242
Land & Improvements	2,859
Building & Improvements	8,061
Total	10,920
Accumulated Depreciation	1,120
Embassy Suites Fort Myers Estero | Minimum
Subsequent Costs Capitalized
Depreciation Life	15 years
Embassy Suites Fort Myers Estero | Maximum
Subsequent Costs Capitalized
Depreciation Life	40 years
Homewood Suites Washington DC
Real Estate and Accumulated Depreciation
Debt	33,000
Initial Costs
Land & Improvements	23,139
Building & Improvements	34,188
Subsequent Costs Capitalized
Building & Improvements	901
Land & Improvements	23,140
Building & Improvements	35,088
Total	58,228
Accumulated Depreciation	3,925
Homewood Suites Washington DC | Minimum
Subsequent Costs Capitalized
Depreciation Life	15 years
Homewood Suites Washington DC | Maximum
Subsequent Costs Capitalized
Depreciation Life	40 years
Hilton New York / Fashion District
Real Estate and Accumulated Depreciation
Debt	0
Initial Costs
Land & Improvements	35,592
Building & Improvements	82,392
Subsequent Costs Capitalized
Building & Improvements	635
Land & Improvements	35,606
Building & Improvements	83,013
Total	118,619
Accumulated Depreciation	8,987
Hilton New York / Fashion District | Minimum
Subsequent Costs Capitalized
Depreciation Life	15 years
Hilton New York / Fashion District | Maximum
Subsequent Costs Capitalized
Depreciation Life	40 years
Hampton Inn & Suites Denver Tech Center
Real Estate and Accumulated Depreciation
Debt	0
Initial Costs
Land & Improvements	2,373
Building & Improvements	9,180
Subsequent Costs Capitalized
Building & Improvements	1,582
Land & Improvements	2,424
Building & Improvements	10,711
Total	13,135
Accumulated Depreciation	1,423
Hampton Inn & Suites Denver Tech Center | Minimum
Subsequent Costs Capitalized
Depreciation Life	15 years
Hampton Inn & Suites Denver Tech Center | Maximum
Subsequent Costs Capitalized
Depreciation Life	40 years
Garden District Hotel
Real Estate and Accumulated Depreciation
Debt	0
Initial Costs
Land & Improvements	1,901
Building & Improvements	3,865
Subsequent Costs Capitalized
Building & Improvements	11,746
Land & Improvements	2,080
Building & Improvements	15,432
Total	17,512
Accumulated Depreciation	1,827
Garden District Hotel | Minimum
Subsequent Costs Capitalized
Depreciation Life	15 years
Garden District Hotel | Maximum
Subsequent Costs Capitalized
Depreciation Life	40 years
Residence Inn Columbia
Real Estate and Accumulated Depreciation
Debt	0
Initial Costs
Land & Improvements	1,993
Building & Improvements	11,487
Subsequent Costs Capitalized
Building & Improvements	1,563
Land & Improvements	2,030
Building & Improvements	13,013
Total	15,043
Accumulated Depreciation	1,593
Residence Inn Columbia | Minimum
Subsequent Costs Capitalized
Depreciation Life	15 years
Residence Inn Columbia | Maximum
Subsequent Costs Capitalized
Depreciation Life	40 years
Residence Inn National Harbor Washington DC
Real Estate and Accumulated Depreciation
Debt	0
Initial Costs
Land & Improvements	7,457
Building & Improvements	37,046
Subsequent Costs Capitalized
Building & Improvements	92
Land & Improvements	7,462
Building & Improvements	37,133
Total	44,595
Accumulated Depreciation	3,927
Residence Inn National Harbor Washington DC | Minimum
Subsequent Costs Capitalized
Depreciation Life	15 years
Residence Inn National Harbor Washington DC | Maximum
Subsequent Costs Capitalized
Depreciation Life	40 years
Residence Inn Silver Spring
Real Estate and Accumulated Depreciation
Debt	0
Initial Costs
Land & Improvements	3,945
Building & Improvements	18,896
Subsequent Costs Capitalized
Building & Improvements	996
Land & Improvements	3,973
Building & Improvements	19,864
Total	23,837
Accumulated Depreciation	2,367
Residence Inn Silver Spring | Minimum
Subsequent Costs Capitalized
Depreciation Life	15 years
Residence Inn Silver Spring | Maximum
Subsequent Costs Capitalized
Depreciation Life	40 years
Hilton Garden Inn New Orleans Convention Center
Real Estate and Accumulated Depreciation
Debt	0
Initial Costs
Land & Improvements	3,405
Building & Improvements	20,750
Subsequent Costs Capitalized
Building & Improvements	3,660
Land & Improvements	3,428
Building & Improvements	24,387
Total	27,815
Accumulated Depreciation	2,867
Hilton Garden Inn New Orleans Convention Center | Minimum
Subsequent Costs Capitalized
Depreciation Life	15 years
Hilton Garden Inn New Orleans Convention Center | Maximum
Subsequent Costs Capitalized
Depreciation Life	40 years
Hampton Inn West Palm Beach Central Airport
Real Estate and Accumulated Depreciation
Debt	0
Initial Costs
Land & Improvements	2,280
Building & Improvements	9,769
Subsequent Costs Capitalized
Building & Improvements	439
Land & Improvements	2,280
Building & Improvements	10,208
Total	12,488
Accumulated Depreciation	1,198
Hampton Inn West Palm Beach Central Airport | Minimum
Subsequent Costs Capitalized
Depreciation Life	15 years
Hampton Inn West Palm Beach Central Airport | Maximum
Subsequent Costs Capitalized
Depreciation Life	40 years
Hilton Garden Inn West Palm Beach Airport
Real Estate and Accumulated Depreciation
Debt	0
Initial Costs
Land & Improvements	1,206
Building & Improvements	10,811
Subsequent Costs Capitalized
Building & Improvements	310
Land & Improvements	1,215
Building & Improvements	11,112
Total	12,327
Accumulated Depreciation	1,228
Hilton Garden Inn West Palm Beach Airport | Minimum
Subsequent Costs Capitalized
Depreciation Life	15 years
Hilton Garden Inn West Palm Beach Airport | Maximum
Subsequent Costs Capitalized
Depreciation Life	40 years
Hollywood Heights Hotel
Real Estate and Accumulated Depreciation
Debt	0
Initial Costs
Land & Improvements	5,303
Building & Improvements	19,136
Subsequent Costs Capitalized
Building & Improvements	5,328
Land & Improvements	5,464
Building & Improvements	24,303
Total	29,767
Accumulated Depreciation	3,010
Hollywood Heights Hotel | Minimum
Subsequent Costs Capitalized
Depreciation Life	15 years
Hollywood Heights Hotel | Maximum
Subsequent Costs Capitalized
Depreciation Life	40 years
Doubletree Metropolitan Hotel New York City
Real Estate and Accumulated Depreciation
Debt	0
Initial Costs
Land & Improvements	140,332
Building & Improvements	188,014
Subsequent Costs Capitalized
Building & Improvements	15,736
Land & Improvements	140,435
Building & Improvements	203,647
Total	344,082
Accumulated Depreciation	21,744
Doubletree Metropolitan Hotel New York City | Minimum
Subsequent Costs Capitalized
Depreciation Life	15 years
Doubletree Metropolitan Hotel New York City | Maximum
Subsequent Costs Capitalized
Depreciation Life	40 years
Embassy Suites Columbus
Real Estate and Accumulated Depreciation
Debt	0
Initial Costs
Land & Improvements	1,274
Building & Improvements	6,805
Subsequent Costs Capitalized
Building & Improvements	1,620
Land & Improvements	1,449
Building & Improvements	8,250
Total	9,699
Accumulated Depreciation	986
Embassy Suites Columbus | Minimum
Subsequent Costs Capitalized
Depreciation Life	15 years
Embassy Suites Columbus | Maximum
Subsequent Costs Capitalized
Depreciation Life	40 years
Renaissance Pittsburgh Hotel
Real Estate and Accumulated Depreciation
Debt	0
Initial Costs
Land & Improvements	3,274
Building & Improvements	39,934
Subsequent Costs Capitalized
Building & Improvements	2,277
Land & Improvements	3,317
Building & Improvements	42,168
Total	45,485
Accumulated Depreciation	4,292
Renaissance Pittsburgh Hotel | Minimum
Subsequent Costs Capitalized
Depreciation Life	15 years
Renaissance Pittsburgh Hotel | Maximum
Subsequent Costs Capitalized
Depreciation Life	40 years
Courtyard Atlanta Buckhead
Real Estate and Accumulated Depreciation
Debt	0
Initial Costs
Land & Improvements	2,860
Building & Improvements	21,668
Subsequent Costs Capitalized
Building & Improvements	1,363
Land & Improvements	2,875
Building & Improvements	23,016
Total	25,891
Accumulated Depreciation	2,412
Courtyard Atlanta Buckhead | Minimum
Subsequent Costs Capitalized
Depreciation Life	15 years
Courtyard Atlanta Buckhead | Maximum
Subsequent Costs Capitalized
Depreciation Life	40 years
Doubletree Hotel Columbia
Real Estate and Accumulated Depreciation
Debt	0
Initial Costs
Land & Improvements	1,933
Building & Improvements	6,486
Subsequent Costs Capitalized
Building & Improvements	3,553
Land & Improvements	2,020
Building & Improvements	9,952
Total	11,972
Accumulated Depreciation	1,278
Doubletree Hotel Columbia | Minimum
Subsequent Costs Capitalized
Depreciation Life	15 years
Doubletree Hotel Columbia | Maximum
Subsequent Costs Capitalized
Depreciation Life	40 years
Marriott Denver Airport at Gateway Park
Real Estate and Accumulated Depreciation
Debt	26,500
Initial Costs
Land & Improvements	3,083
Building & Improvements	38,356
Subsequent Costs Capitalized
Building & Improvements	2,321
Land & Improvements	3,153
Building & Improvements	40,607
Total	43,760
Accumulated Depreciation	4,243
Marriott Denver Airport at Gateway Park | Minimum
Subsequent Costs Capitalized
Depreciation Life	15 years
Marriott Denver Airport at Gateway Park | Maximum
Subsequent Costs Capitalized
Depreciation Life	40 years
Embassy Suites West Palm Beach-Central
Real Estate and Accumulated Depreciation
Debt	0
Initial Costs
Land & Improvements	3,656
Building & Improvements	9,614
Subsequent Costs Capitalized
Building & Improvements	5,110
Land & Improvements	3,770
Building & Improvements	14,610
Total	18,380
Accumulated Depreciation	2,002
Embassy Suites West Palm Beach-Central | Minimum
Subsequent Costs Capitalized
Depreciation Life	15 years
Embassy Suites West Palm Beach-Central | Maximum
Subsequent Costs Capitalized
Depreciation Life	40 years
Hilton Garden Inn Raleigh Durham
Real Estate and Accumulated Depreciation
Debt	0
Initial Costs
Land & Improvements	1,751
Building & Improvements	4,763
Subsequent Costs Capitalized
Building & Improvements	5,238
Land & Improvements	1,813
Building & Improvements	9,939
Total	11,752
Accumulated Depreciation	1,597
Hilton Garden Inn Raleigh Durham | Minimum
Subsequent Costs Capitalized
Depreciation Life	15 years
Hilton Garden Inn Raleigh Durham | Maximum
Subsequent Costs Capitalized
Depreciation Life	40 years
Hilton Garden Inn University Place
Real Estate and Accumulated Depreciation
Debt	0
Initial Costs
Land & Improvements	1,975
Building & Improvements	18,490
Subsequent Costs Capitalized
Building & Improvements	6,679
Land & Improvements	2,034
Building & Improvements	25,110
Total	27,144
Accumulated Depreciation	3,111
Hilton Garden Inn University Place | Minimum
Subsequent Costs Capitalized
Depreciation Life	15 years
Hilton Garden Inn University Place | Maximum
Subsequent Costs Capitalized
Depreciation Life	40 years
Hampton Inn Houston Near the Galleria
Real Estate and Accumulated Depreciation
Debt	0
Initial Costs
Land & Improvements	9,326
Building & Improvements	9,220
Subsequent Costs Capitalized
Building & Improvements	783
Land & Improvements	9,395
Building & Improvements	9,934
Total	19,329
Accumulated Depreciation	1,147
Hampton Inn Houston Near the Galleria | Minimum
Subsequent Costs Capitalized
Depreciation Life	15 years
Hampton Inn Houston Near the Galleria | Maximum
Subsequent Costs Capitalized
Depreciation Life	40 years
Courtyard Charleston Historic District
Real Estate and Accumulated Depreciation
Debt	0
Initial Costs
Land & Improvements	2,714
Building & Improvements	35,828
Subsequent Costs Capitalized
Building & Improvements	460
Land & Improvements	2,736
Building & Improvements	36,266
Total	39,002
Accumulated Depreciation	2,980
Courtyard Charleston Historic District | Minimum
Subsequent Costs Capitalized
Depreciation Life	15 years
Courtyard Charleston Historic District | Maximum
Subsequent Costs Capitalized
Depreciation Life	40 years
Residence Inn Bethesda
Real Estate and Accumulated Depreciation
Debt	35,000
Initial Costs
Land & Improvements	8,154
Building & Improvements	52,750
Subsequent Costs Capitalized
Building & Improvements	1,025
Land & Improvements	8,272
Building & Improvements	53,657
Total	61,929
Accumulated Depreciation	3,602
Residence Inn Bethesda | Minimum
Subsequent Costs Capitalized
Depreciation Life	15 years
Residence Inn Bethesda | Maximum
Subsequent Costs Capitalized
Depreciation Life	40 years
Courtyard Upper East Side
Real Estate and Accumulated Depreciation
Debt	0
Initial Costs
Land & Improvements	20,654
Building & Improvements	60,223
Subsequent Costs Capitalized
Building & Improvements	3,262
Land & Improvements	20,673
Building & Improvements	63,466
Total	84,139
Accumulated Depreciation	4,253
Courtyard Upper East Side | Minimum
Subsequent Costs Capitalized
Depreciation Life	15 years
Courtyard Upper East Side | Maximum
Subsequent Costs Capitalized
Depreciation Life	40 years
Hilton Garden Inn Emeryville
Real Estate and Accumulated Depreciation
Debt	0
Initial Costs
Land & Improvements	11,902
Building & Improvements	22,758
Subsequent Costs Capitalized
Building & Improvements	1,734
Land & Improvements	11,947
Building & Improvements	24,447
Total	36,394
Accumulated Depreciation	1,660
Hilton Garden Inn Emeryville | Minimum
Subsequent Costs Capitalized
Depreciation Life	15 years
Hilton Garden Inn Emeryville | Maximum
Subsequent Costs Capitalized
Depreciation Life	40 years
Embassy Suites Waltham
Real Estate and Accumulated Depreciation
Debt	0
Initial Costs
Land & Improvements	6,268
Building & Improvements	56,025
Subsequent Costs Capitalized
Building & Improvements	2,682
Land & Improvements	6,298
Building & Improvements	58,677
Total	64,975
Accumulated Depreciation	3,346
Embassy Suites Waltham | Minimum
Subsequent Costs Capitalized
Depreciation Life	15 years
Embassy Suites Waltham | Maximum
Subsequent Costs Capitalized
Depreciation Life	40 years
Courtyard Houston Downtown Convention Center
Real Estate and Accumulated Depreciation
Debt	0
Initial Costs
Land & Improvements	5,799
Building & Improvements	28,954
Subsequent Costs Capitalized
Building & Improvements	1,166
Land & Improvements	5,799
Building & Improvements	30,120
Total	35,919
Accumulated Depreciation	1,424
Courtyard Houston Downtown Convention Center | Minimum
Subsequent Costs Capitalized
Depreciation Life	15 years
Courtyard Houston Downtown Convention Center | Maximum
Subsequent Costs Capitalized
Depreciation Life	40 years
Residence Inn Houston Downtown Convention Center
Real Estate and Accumulated Depreciation
Debt	0
Initial Costs
Land & Improvements	4,674
Building & Improvements	24,913
Subsequent Costs Capitalized
Building & Improvements	1,025
Land & Improvements	4,674
Building & Improvements	25,938
Total	30,612
Accumulated Depreciation	1,214
Residence Inn Houston Downtown Convention Center | Minimum
Subsequent Costs Capitalized
Depreciation Life	15 years
Residence Inn Houston Downtown Convention Center | Maximum
Subsequent Costs Capitalized
Depreciation Life	40 years
SpringHill Suites Houston Downtown Convention Center
Real Estate and Accumulated Depreciation
Debt	0
Initial Costs
Land & Improvements	2,382
Building & Improvements	12,756
Subsequent Costs Capitalized
Building & Improvements	9,339
Land & Improvements	2,437
Building & Improvements	22,040
Total	24,477
Accumulated Depreciation	296
SpringHill Suites Houston Downtown Convention Center | Minimum
Subsequent Costs Capitalized
Depreciation Life	15 years
SpringHill Suites Houston Downtown Convention Center | Maximum
Subsequent Costs Capitalized
Depreciation Life	40 years
Courtyard Waikiki Beach
Real Estate and Accumulated Depreciation
Debt	0
Initial Costs
Land & Improvements	557
Building & Improvements	79,033
Subsequent Costs Capitalized
Building & Improvements	704
Land & Improvements	660
Building & Improvements	79,634
Total	80,294
Accumulated Depreciation	3,214
Courtyard Waikiki Beach | Minimum
Subsequent Costs Capitalized
Depreciation Life	15 years
Courtyard Waikiki Beach | Maximum
Subsequent Costs Capitalized
Depreciation Life	40 years
Courtyard San Francisco
Real Estate and Accumulated Depreciation
Debt	0
Initial Costs
Land & Improvements	11,277
Building & Improvements	18,198
Subsequent Costs Capitalized
Building & Improvements	10,844
Land & Improvements	11,289
Building & Improvements	29,030
Total	40,319
Accumulated Depreciation	0
Courtyard San Francisco | Minimum
Subsequent Costs Capitalized
Depreciation Life	15 years
Courtyard San Francisco | Maximum
Subsequent Costs Capitalized
Depreciation Life	40 years
Residence Inn Atlanta Midtown Historic
Real Estate and Accumulated Depreciation
Debt	0
Initial Costs
Land & Improvements	2,812
Building & Improvements	6,044
Subsequent Costs Capitalized
Building & Improvements	5,852
Land & Improvements	2,908
Building & Improvements	11,800
Total	14,708
Accumulated Depreciation	95
Residence Inn Atlanta Midtown Historic | Minimum
Subsequent Costs Capitalized
Depreciation Life	15 years
Residence Inn Atlanta Midtown Historic | Maximum
Subsequent Costs Capitalized
Depreciation Life	40 years
SpringHill Suites Portland Hillsboro [Member]
Real Estate and Accumulated Depreciation
Debt	0
Initial Costs
Land & Improvements	3,488
Building & Improvements	18,283
Subsequent Costs Capitalized
Building & Improvements	44
Land & Improvements	3,489
Building & Improvements	18,326
Total	21,815
Accumulated Depreciation	619
SpringHill Suites Portland Hillsboro [Member] | Minimum
Subsequent Costs Capitalized
Depreciation Life	15 years
SpringHill Suites Portland Hillsboro [Member] | Maximum
Subsequent Costs Capitalized
Depreciation Life	40 years
Hilton Cabana Miami Beach [Member]
Real Estate and Accumulated Depreciation
Debt	0
Initial Costs
Land & Improvements	25,083
Building & Improvements	40,707
Subsequent Costs Capitalized
Building & Improvements	905
Land & Improvements	25,106
Building & Improvements	41,589
Total	66,695
Accumulated Depreciation	631
Hilton Cabana Miami Beach [Member] | Minimum
Subsequent Costs Capitalized
Depreciation Life	15 years
Hilton Cabana Miami Beach [Member] | Maximum
Subsequent Costs Capitalized
Depreciation Life	40 years
Hyatt House Charlotte Center City [Member]
Real Estate and Accumulated Depreciation
Debt	0
Initial Costs
Land & Improvements	3,029
Building & Improvements	26,193
Subsequent Costs Capitalized
Building & Improvements	0
Land & Improvements	3,029
Building & Improvements	26,193
Total	29,222
Accumulated Depreciation	550
Hyatt House Charlotte Center City [Member] | Minimum
Subsequent Costs Capitalized
Depreciation Life	15 years
Hyatt House Charlotte Center City [Member] | Maximum
Subsequent Costs Capitalized
Depreciation Life	40 years
Hyatt House Cypress Anaheim [Member]
Real Estate and Accumulated Depreciation
Debt	0
Initial Costs
Land & Improvements	3,995
Building & Improvements	9,164
Subsequent Costs Capitalized
Building & Improvements	1,790
Land & Improvements	4,149
Building & Improvements	10,800
Total	14,949
Accumulated Depreciation	224
Hyatt House Cypress Anaheim [Member] | Minimum
Subsequent Costs Capitalized
Depreciation Life	15 years
Hyatt House Cypress Anaheim [Member] | Maximum
Subsequent Costs Capitalized
Depreciation Life	40 years
Hyatt House Emeryville SF Bay Area [Member]
Real Estate and Accumulated Depreciation
Debt	0
Initial Costs
Land & Improvements	7,425
Building & Improvements	29,137
Subsequent Costs Capitalized
Building & Improvements	2,535
Land & Improvements	7,452
Building & Improvements	31,645
Total	39,097
Accumulated Depreciation	662
Hyatt House Emeryville SF Bay Area [Member] | Minimum
Subsequent Costs Capitalized
Depreciation Life	15 years
Hyatt House Emeryville SF Bay Area [Member] | Maximum
Subsequent Costs Capitalized
Depreciation Life	40 years
Hyatt House San Diego Sorrento Mesa [Member]
Real Estate and Accumulated Depreciation
Debt	0
Initial Costs
Land & Improvements	10,419
Building & Improvements	21,289
Subsequent Costs Capitalized
Building & Improvements	959
Land & Improvements	10,511
Building & Improvements	22,156
Total	32,667
Accumulated Depreciation	482
Hyatt House San Diego Sorrento Mesa [Member] | Minimum
Subsequent Costs Capitalized
Depreciation Life	15 years
Hyatt House San Diego Sorrento Mesa [Member] | Maximum
Subsequent Costs Capitalized
Depreciation Life	40 years
Hyatt House San Jose Silicon Valley [Member]
Real Estate and Accumulated Depreciation
Debt	0
Initial Costs
Land & Improvements	6,819
Building & Improvements	31,682
Subsequent Costs Capitalized
Building & Improvements	0
Land & Improvements	6,819
Building & Improvements	31,682
Total	38,501
Accumulated Depreciation	669
Hyatt House San Jose Silicon Valley [Member] | Minimum
Subsequent Costs Capitalized
Depreciation Life	15 years
Hyatt House San Jose Silicon Valley [Member] | Maximum
Subsequent Costs Capitalized
Depreciation Life	40 years
Hyatt House San Ramon [Member]
Real Estate and Accumulated Depreciation
Debt	0
Initial Costs
Land & Improvements	5,713
Building & Improvements	11,852
Subsequent Costs Capitalized
Building & Improvements	251
Land & Improvements	5,717
Building & Improvements	12,099
Total	17,816
Accumulated Depreciation	277
Hyatt House San Ramon [Member] | Minimum
Subsequent Costs Capitalized
Depreciation Life	15 years
Hyatt House San Ramon [Member] | Maximum
Subsequent Costs Capitalized
Depreciation Life	40 years
Hyatt House Santa Claraa [Member]
Real Estate and Accumulated Depreciation
Debt	0
Initial Costs
Land & Improvements	8,044
Building & Improvements	27,703
Subsequent Costs Capitalized
Building & Improvements	348
Land & Improvements	8,044
Building & Improvements	28,051
Total	36,095
Accumulated Depreciation	587
Hyatt House Santa Claraa [Member] | Minimum
Subsequent Costs Capitalized
Depreciation Life	15 years
Hyatt House Santa Claraa [Member] | Maximum
Subsequent Costs Capitalized
Depreciation Life	40 years
Hyatt Market Street The Woodlands [Member]
Real Estate and Accumulated Depreciation
Debt	0
Initial Costs
Land & Improvements	5,950
Building & Improvements	16,882
Subsequent Costs Capitalized
Building & Improvements	0
Land & Improvements	5,950
Building & Improvements	16,882
Total	22,832
Accumulated Depreciation	361
Hyatt Market Street The Woodlands [Member] | Minimum
Subsequent Costs Capitalized
Depreciation Life	15 years
Hyatt Market Street The Woodlands [Member] | Maximum
Subsequent Costs Capitalized
Depreciation Life	40 years
Hyatt Place Fremont Silicon Valley [Member]
Real Estate and Accumulated Depreciation
Debt	0
Initial Costs
Land & Improvements	6,208
Building & Improvements	13,730
Subsequent Costs Capitalized
Building & Improvements	550
Land & Improvements	6,209
Building & Improvements	14,279
Total	20,488
Accumulated Depreciation	318
Hyatt Place Fremont Silicon Valley [Member] | Minimum
Subsequent Costs Capitalized
Depreciation Life	15 years
Hyatt Place Fremont Silicon Valley [Member] | Maximum
Subsequent Costs Capitalized
Depreciation Life	40 years
Hyatt Place Madison Downtown [Member]
Real Estate and Accumulated Depreciation
Debt	0
Initial Costs
Land & Improvements	6,701
Building & Improvements	25,478
Subsequent Costs Capitalized
Building & Improvements	0
Land & Improvements	6,701
Building & Improvements	25,478
Total	32,179
Accumulated Depreciation	532
Hyatt Place Madison Downtown [Member] | Minimum
Subsequent Costs Capitalized
Depreciation Life	15 years
Hyatt Place Madison Downtown [Member] | Maximum
Subsequent Costs Capitalized
Depreciation Life	40 years
Embassy Suites Irvine Orange County [Member]
Real Estate and Accumulated Depreciation
Debt	0
Initial Costs
Land & Improvements	15,062
Building & Improvements	33,048
Subsequent Costs Capitalized
Building & Improvements	114
Land & Improvements	15,062
Building & Improvements	33,162
Total	48,224
Accumulated Depreciation	574
Embassy Suites Irvine Orange County [Member] | Minimum
Subsequent Costs Capitalized
Depreciation Life	15 years
Embassy Suites Irvine Orange County [Member] | Maximum
Subsequent Costs Capitalized
Depreciation Life	40 years
Courtyard Portland City Center [Member]
Real Estate and Accumulated Depreciation
Debt	0
Initial Costs
Land & Improvements	8,019
Building & Improvements	53,024
Subsequent Costs Capitalized
Building & Improvements	8
Land & Improvements	8,019
Building & Improvements	53,032
Total	61,051
Accumulated Depreciation	884
Courtyard Portland City Center [Member] | Minimum
Subsequent Costs Capitalized
Depreciation Life	15 years
Courtyard Portland City Center [Member] | Maximum
Subsequent Costs Capitalized
Depreciation Life	40 years
Hyatt Atlanta Midtown [Member]
Real Estate and Accumulated Depreciation
Debt	0
Initial Costs
Land & Improvements	3,737
Building & Improvements	41,731
Subsequent Costs Capitalized
Building & Improvements	9
Land & Improvements	3,737
Building & Improvements	41,740
Total	45,477
Accumulated Depreciation	529
Hyatt Atlanta Midtown [Member] | Minimum
Subsequent Costs Capitalized
Depreciation Life	15 years
Hyatt Atlanta Midtown [Member] | Maximum
Subsequent Costs Capitalized
Depreciation Life	40 years
DoubleTree Grand Key Resort [Member]
Real Estate and Accumulated Depreciation
Debt	0
Initial Costs
Land & Improvements	48,192
Building & Improvements	27,770
Subsequent Costs Capitalized
Building & Improvements	6
Land & Improvements	48,192
Building & Improvements	27,776
Total	75,968
Accumulated Depreciation	252
DoubleTree Grand Key Resort [Member] | Minimum
Subsequent Costs Capitalized
Depreciation Life	15 years
DoubleTree Grand Key Resort [Member] | Maximum
Subsequent Costs Capitalized
Depreciation Life	40 years

Schedule_III_Real_Estate_and_A2

Schedule III - Real Estate and Accumulated Depreciation (Details 2) (USD $)	12 Months Ended
In Thousands, unless otherwise specified	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Reconciliation of Land and Buildings and Improvements
Balance at beginning of period	$3,461,251	$3,218,610	$2,908,626
Add: Acquisitions	573,936	219,169	238,731
Add: Improvements	59,485	30,309	72,149
Less: Disposition of properties	-142,581	-6,837	0
Impairment charges on real estate assets owned at end of period	-9,200	0	-896
Balance at end of period	3,711,887	3,461,251	3,218,610
Reconciliation of Accumulated Depreciation
Balance at beginning of period	-367,306	-295,397	-228,809
Add: Depreciation for the period	-81,892	-73,556	-66,588
Less: Disposition of properties	-24,383	-1,647	0
Balance at end of period	-382,266	-367,306	-295,397
SEC Schedule III, Real Estate, Write-down or Reserve, Basis	-9200		-896
SEC Schedule III, Real Estate, Other Deductions	-231,004
SEC Schedule III, Real Estate Accumulated Depreciation, Other Deductions	$42,549