Hospitality Investors Trust (HPITQ) 10-Q 14 Nov 14 2014 Q3 Quarterly report Financial data

Document_and_Entity_Informatio

Document and Entity Information Document	9 Months Ended
	Sep. 30, 2014	Oct. 31, 2014
Document and Entity Information [Abstract]	'	'
Entity Registrant Name	'AMERICAN REALTY CAPITAL HOSPITALITY TRUST, INC.	'
Entity Central Index Key	'0001583077	'
Current Fiscal Year End Date	'--12-31	'
Entity Filer Category	'Smaller Reporting Company	'
Document Type	'10-Q	'
Document Period End Date	30-Sep-14	'
Document Fiscal Year Focus	'2014	'
Document Fiscal Period Focus	'Q3	'
Amendment Flag	'false	'
Entity Common Stock, Shares Outstanding	'	7,531,908

CONDENSED_CONSOLIDATEDCOMBINED

CONDENSED CONSOLIDATED/COMBINED BALANCE SHEETS (USD $)	Sep. 30, 2014	Dec. 31, 2013
In Thousands, unless otherwise specified	Successor	Predecessor
Real estate investments:	'	'
Land	$12,308	$15,878
Buildings and improvements	80,487	118,356
Furniture, fixtures and equipment	5,324	13,297
Total real estate investments	98,119	147,531
Less: accumulated depreciation and amortization	-1,919	-31,390
Total real estate investments, net	96,200	116,141
Cash and cash equivalents	34,838	10,520
Acquisition deposit	75,000	0
Restricted cash	3,427	1,522
Investments in unconsolidated entities	7,730	4,381
Below-market lease asset, net	8,166	0
Prepaid expenses and other assets	7,032	1,830
Deferred financing fees, net	1,271	848
Total Assets	233,664	135,242
LIABILITIES AND EQUITY	'	'
Mortgage note payable	45,500	41,449
Promissory notes payable	64,849	0
Accounts payable and accrued expenses	16,296	5,297
Due to affiliates	7,706	0
Total liabilities	134,351	46,746
Preferred stock, $0.01 par value, 50,000,000 shares authorized, none issued and outstanding	0	0
Common stock, $0.01 par value, 300,000,000 shares authorized, 5,053,290 and 8,888 shares issued and outstanding, respectively	51	0
Additional paid-in capital	109,594	0
Deficit	-10,332	0
Members' equity	0	88,496
Total equity	99,313	88,496
Total Liabilities and Equity	$233,664	$135,242

CONDENSED_CONSOLIDATEDCOMBINED1

CONDENSED CONSOLIDATED/COMBINED BALANCE SHEETS (Parenthetical) (USD $)	Sep. 30, 2014	Dec. 31, 2013
	Successor	Predecessor
Preferred stock, par value	$0.01	$0.01
Preferred stock, authorized	50,000,000	50,000,000
Preferred stock, issued	0	0
Preferred stock, outstanding	0	0
Common stock, par value	$0.01	$0.01
Common stock, authorized	300,000,000	300,000,000
Common stock, issued	5,053,290	8,888
Common stock, outstanding (in shares)	5,053,290	8,888

CONDENSED_CONSOLIDATEDCOMBINED2

CONDENSED CONSOLIDATED/COMBINED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS) (USD $)	3 Months Ended	6 Months Ended	3 Months Ended		9 Months Ended
	Sep. 30, 2014	Sep. 30, 2014	Mar. 20, 2014	Sep. 30, 2013	Sep. 30, 2013
	Successor	Successor	Predecessor	Predecessor	Predecessor
Revenues	'	'	'	'	'
Rooms	$8,954,000	$18,462,000	$6,026,000	$8,362,000	$23,326,000
Food and beverage	1,545,000	3,566,000	1,543,000	1,358,000	4,540,000
Other	888,000	2,139,000	676,000	693,000	2,311,000
Total revenue	11,387,000	24,167,000	8,245,000	10,413,000	30,177,000
Operating expenses	'	'	'	'	'
Rooms	1,840,000	3,753,000	1,405,000	1,662,000	4,782,000
Food and beverage	1,159,000	2,497,000	1,042,000	1,077,000	3,349,000
Management fees - related party	456,000	967,000	289,000	380,000	1,085,000
Other property-level operating expenses	4,246,000	9,077,000	3,490,000	4,046,000	11,810,000
Depreciation and amortization	907,000	1,919,000	994,000	1,224,000	3,846,000
Rent	1,311,000	2,664,000	933,000	1,098,000	3,234,000
Total operating expenses	9,919,000	20,877,000	8,153,000	9,487,000	28,106,000
Income from operations	1,468,000	3,290,000	92,000	926,000	2,071,000
Interest expense	-2,070,000	-4,313,000	-531,000	-593,000	-1,698,000
Acquisition and transaction related costs	-2,965,000	-7,610,000	0	0	0
Equity in earnings (losses) of unconsolidated entities	261,000	2,607,000	-166,000	135,000	102,000
General and administrative	-50,000	-1,519,000	0	0	0
Total expenses	-4,824,000	-10,835,000	-697,000	-458,000	-1,596,000
Net income (loss) before taxes	-3,356,000	-7,545,000	-605,000	468,000	475,000
Provision for income taxes	193,000	1,368,000	0	0	0
Net income (loss)	-3,549,000	-8,913,000	-605,000	468,000	475,000
Comprehensive income	($3,549,000)	($8,913,000)	($605,000)	$468,000	$475,000
Basic and diluted net loss per share (in dollars per share)	($1.27)	($8.13)	'	'	'
Basic and diluted weighted average shares outstanding (in shares)	2,792,350	1,096,566	'	'	'

CONDENSED_CONSOLIDATEDCOMBINED3

CONDENSED CONSOLIDATED/COMBINED STATEMENT OF CHANGES IN EQUITY (USD $)	Total	Common Stock	Additional Paid-in Capital	Deficit	Total Stockholders' Equity	Members' Equity
In Thousands, except Share data, unless otherwise specified
Beginning balance at Dec. 31, 2012	'	'	'	'	'	'
Increase (Decrease) in Stockholders' Equity [Roll Forward]	'	'	'	'	'	'
Common stock issued through Distribution Reinvestment Plan (in shares)	'	0	'	'	'	'
Ending balance at Dec. 31, 2013	'	$0	'	($6)	'	'
Ending balance (in shares) at Dec. 31, 2013	'	8,888	'	'	'	'
Beginning balance at Jul. 24, 2013	'	'	'	'	'	'
Increase (Decrease) in Stockholders' Equity [Roll Forward]	'	'	'	'	'	'
Common stock issued through Distribution Reinvestment Plan (in shares)	'	12,653	'	'	'	'
Ending balance at Sep. 30, 2014	'	51	'	'	'	'
Ending balance (in shares) at Sep. 30, 2014	'	5,053,290	'	'	'	'
Beginning balance at Dec. 31, 2013	88,690	0	200	-6	194	88,496
Beginning balance (in shares) at Dec. 31, 2013	'	8,888	'	'	'	'
Increase (Decrease) in Stockholders' Equity [Roll Forward]	'	'	'	'	'	'
Issuance of common stock (in shares)	'	105,609	'	'	'	'
Issuance of common stock	2,418	1	2,417	'	2,418	'
Net loss	-605	'	'	'	'	-605
Distributions	-800	'	'	'	'	-800
Common stock offering costs, commissions and dealer manager fees	-1,529	'	-1,529	'	-1,529	'
Ending balance at Mar. 20, 2014	88,174	1	1,088	-6	1,083	87,091
Ending balance (in shares) at Mar. 20, 2014	'	114,497	'	'	'	'
Increase (Decrease) in Stockholders' Equity [Roll Forward]	'	'	'	'	'	'
Issuance of common stock (in shares)	'	4,926,140	'	'	'	'
Issuance of common stock	122,559	50	122,509	'	122,559	'
Net loss	-8,913	'	'	-8,913	-8,913	'
Distributions	-1,413	'	'	-1,413	-1,413	'
Common stock offering costs, commissions and dealer manager fees	-14,318	'	-14,318	'	-14,318	'
Proceeds received from Successor for the assets of Predecessor	-87,091	'	'	'	'	-87,091
Common stock issued through Distribution Reinvestment Plan (in shares)	'	12,653	'	'	'	'
Common stock issued through Distribution Reinvestment Plan	301	'	301	'	301	'
Share-based payments	14	'	14	'	14	'
Ending balance at Sep. 30, 2014	$99,313	$51	$109,594	($10,332)	$99,313	$0
Ending balance (in shares) at Sep. 30, 2014	5,053,290	5,053,290	'	'	'	'

CONDENSED_CONSOLIDATEDCOMBINED4

CONDENSED CONSOLIDATED/COMBINED STATEMENTS OF CASH FLOWS (USD $)	6 Months Ended		3 Months Ended		9 Months Ended
	Sep. 30, 2014		Mar. 20, 2014		Sep. 30, 2013
	Successor		Predecessor		Predecessor
Cash flows from operating activities:	'		'		'
Net income (loss)	($8,913,000)		($605,000)		$475,000
Adjustments to reconcile net income (loss) to net cash (used in) provided by operating activities:	'		'		'
Depreciation and amortization	1,919,000		994,000		3,846,000
Amortization of deferred financing costs	400,000		75,000		161,000
Amortization of below-market lease obligation	234,000		0		0
Accretion of deferred consideration	70,000		0		0
Accretion of contingent consideration	283,000		0		0
Equity in (gains) losses of unconsolidated entities	-2,607,000		166,000		-102,000
Distribution from unconsolidated affiliates	257,000		0		0
Share-based payments	14,000		0		0
Changes in assets and liabilities:	'		'		'
Prepaid expenses and other assets	-2,917,000		-581,000		-841,000
Restricted cash	-604,000		0		0
Due to affiliates	2,752,000		0		0
Accounts payable and accrued expenses	6,079,000		-605,000		676,000
Net cash (used in) provided by operating activities	-3,033,000		-556,000		4,215,000
Cash flows from investing activities:	'		'		'
Acquisition of hotel assets of the Predecessor	-41,390,000		0		0
Real estate investment improvements	-1,399,000		-83,000		-3,373,000
Acquisition deposit	-75,000,000		0		0
Increase in restricted cash	-2,204,000		-468,000		-383,000
Net cash used in investing activities	-119,993,000		-551,000		-3,756,000
Cash flows from financing activities:	'		'		'
Proceeds from issuance of common stock, net	123,177,000		0		0
Payments of offering costs	-12,987,000		0		0
Dividends paid	-500,000		0		0
Contributions from members	0		0		226,000
Distribution to members	0		-800,000		-2,336,000
Affiliate financing advancement	2,570,000		0		0
Proceeds from affiliate note payable used to fund acquisition deposit	40,500,000		0		0
Repayment of affiliate note payable used to fund acquisition deposit	-40,500,000		0		0
Payments of mortgage note payable	0		-137,000		-254,000
Proceeds from mortgage note payable	45,500,000		0		3,440,000
Proceeds from promissory note payable	1,775,000		0		0
Deferred financing fees	-1,671,000		0		0
Net cash provided by (used in) financing activities	157,864,000		-937,000		1,076,000
Net change in cash	34,838,000		-2,044,000		1,535,000
Cash and cash equivalents, beginning of period	0		10,520,000		7,652,000
Cash and cash equivalents, end of period	34,838,000		8,476,000		9,187,000
Supplemental disclosure of cash flow information:	'		'		'
Interest paid	3,424,000		458,000		1,442,000
Taxes paid	586,000		0		0
Reclassification of deferred offering costs to additional paid-in capital	1,505,000		0		0
Offering costs in due to affiliates	1,740,000		0		0
Offering costs in accounts payable and accrued expenses	279,000		0		0
Purchases of property and equipment in accounts payable and accrued expenses	753,000		0		0
Proceeds receivable from share sales	1,801,000	[1]	0	[1]	0	[1]
Seller financing of real estate investments	58,074,000		0		0
Seller financing of investment in unconsolidated entities	5,000,000		0		0
Contingent consideration on acquisition	4,100,000		0		0
Deferred consideration on acquisition	3,400,000		0		0
Dividends declared but not paid	612,000		0		0
Common stock issued through distribution reinvestment plan	$301,000		$0		$0
[1]	The proceeds receivable from the sale of shares of common equity was received by the Company prior to the filing date of this Quarterly Report on Form 10-Q.

Organization

Organization	9 Months Ended
	Sep. 30, 2014
Organization, Consolidation and Presentation of Financial Statements [Abstract]	'
Organization	'
	Organization
	American Realty Capital Hospitality Trust, Inc. (the "Company") was incorporated on July 25, 2013 as a Maryland corporation and intends to qualify as a real estate investment trust for U.S. federal income tax purposes ("REIT") beginning with the taxable year ending December 31, 2014. The Company was formed primarily to acquire lodging properties in the midscale limited service, extended stay, select service, upscale select service, and upper upscale full service segments within the hospitality sector. The Company has no limitation as to the brand of franchise or license with which the Company's hotels will be associated. All such properties may be acquired by the Company alone or jointly with another party. The Company may also originate or acquire first mortgage loans secured by real estate and invest in other real estate-related debt. As of September 30, 2014, the Company has acquired interests in six hotels through fee simple, leasehold and joint venture interests (the "Barceló Portfolio").
	On January 7, 2014, the Company commenced its initial public offering ("IPO" or the "Offering") on a "reasonable best efforts" basis of up to 80,000,000 shares of common stock, $0.01 par value per share, at a price of $25.00 per share, subject to certain volume and other discounts, pursuant to a registration statement on Form S-11 (File No. 333-190698), as amended (the "Registration Statement"), filed with the U.S. Securities and Exchange Commission (the "SEC") under the Securities Act of 1933, as amended. The Registration Statement also covered up to 21,052,631 shares of common stock available pursuant to the Distribution Reinvestment Plan (the "DRIP") under which the Company's common stockholders may elect to have their distributions reinvested in additional shares of the Company's common stock.
	Until the filing of the Company's second quarterly financial filing with the SEC, pursuant to the Securities Exchange Act of 1934, as amended, following the earlier to occur of (i) the Company's acquisition of at least $2.0 billion in total investment portfolio assets or (ii) January 7, 2016, the per share purchase price in the IPO will be up to $25.00 per share (including the maximum allowed to be charged for commissions and fees) and shares issued under the DRIP will initially be equal to $23.75 per share, which is 95% of the initial per share offering price in the IPO. Thereafter, the per share purchase price will vary quarterly and will be equal to the Company's net asset value ("NAV") per share plus applicable commissions and fees in the case of the primary offering, and the per share purchase price in the DRIP will be equal to the NAV per share. On February 3, 2014, the Company received and accepted subscriptions in excess of the minimum offering amount of $2.0 million in Offering proceeds, broke escrow and issued shares of common stock to the initial investors who were admitted as stockholders. As of September 30, 2014, the Company had 5.1 million shares of stock outstanding and had received total gross proceeds from the IPO of approximately $125.4 million, including shares issued under the DRIP. As of September 30, 2014, the aggregate value of all the common stock outstanding was $126.3 million based on a per share value of $25.00 (or $23.75 for shares issued under the DRIP).
	Substantially all of the Company's business is conducted through American Realty Capital Hospitality Operating Partnership, L.P. (the "OP"), a Delaware limited partnership. The Company is the sole general partner and holds substantially all of the units of limited partner interests in the OP ("OP Units"). Additionally, American Realty Capital Hospitality Special Limited Partner, LLC (the "Special Limited Partner") contributed $2,020 to the OP in exchange for 90 OP Units, which represents a nominal percentage of the aggregate OP ownership. The holders of OP Units have the right to convert OP Units for the cash value of a corresponding number of shares of common stock or, at the option of the OP, a corresponding number of shares of common stock of the Company in accordance with the limited partnership agreement of the OP. The remaining rights of the limited partner interests are limited, however, and do not include the ability to replace the general partner or to approve the sale, purchase or refinancing of the OP's assets.
	The Company has no direct employees. The Company has retained American Realty Capital Hospitality Advisor, LLC (the "Advisor") to manage certain aspects of its affairs on a day-to-day basis. American Realty Capital Hospitality Properties, LLC (the "Property Manager") serves as the Company's property manager and the Property Manager has retained Crestline Hotels & Resorts, LLC (the "Sub Property Manager"), an entity under common control with the parent of American Realty Capital IX, LLC, (the "Sponsor") to provide services, including locating investments, negotiating financing and operating certain hotel assets in the Company's portfolio. Realty Capital Securities, LLC (the "Dealer Manager"), an entity under common control with the parent of the Sponsor serves as the dealer manager of the offering. The Advisor, Special Limited Partner, Property Manager, Sub Property Manager and Dealer Manager are related parties and receive fees, distributions and other compensation for services related to the Offering and the investment and management of the Company's assets.
	Pending Acquisition
	On May 23, 2014, the Company entered into a Real Estate Sale Agreement to acquire (the "Grace Acquisition") the fee simple or leasehold interests in 126 hotels (the "Portfolio") from W2007 Equity Inns Realty, LLC, W2007 Equity Inns Realty, L.P., W2007 EQI Urbana Partnership, L.P., W2007 EQI Seattle Partnership, L.P., W2007 EQI Savannah 2 Partnership, L.P., W2007 EQI Rio Rancho Partnership, L.P., W2007 EQI Orlando Partnership, L.P., W2007 EQI Orlando 2 Partnership, L.P., W2007 EQI Naperville Partnership, L.P., W2007 EQI Milford Corporation, W2007 EQI Louisville Partnership, L.P., W2007 EQI Knoxville Partnership, L.P., W2007 EQI Jacksonville Partnership I, L.P., W2007 EQI Indianapolis Partnership, L.P., W2007 EQI Houston Partnership, L.P., W2007 EQI HI Austin Partnership, L.P., W2007 EQI East Lansing Partnership, L.P., W2007 EQI Dalton Partnership, L.P., W2007 EQI College Station Partnership, L.P., W2007 EQI Carlsbad Partnership, L.P., W2007 EQI Augusta Partnership, L.P. and W2007 EQI Asheville Partnership, L.P. (collectively, the "Sellers") which are indirectly owned by one or more Whitehall Real Estate Funds, an investment arm controlled by The Goldman Sachs Group, Inc.
	The aggregate contract purchase price for the Portfolio is approximately $1.925 billion, exclusive of closing costs and subject to certain adjustments at closing. The Company anticipates funding approximately $271.0 million of the purchase price with cash generated through equity raises, funding approximately $976.0 million through the assumption of existing mortgage and mezzanine indebtedness and funding approximately $227.0 million through additional mortgage and mezzanine financing. The mortgage indebtedness that the Company expects to assume is for $865.0 million at an interest rate of London Interbank Offered Rate ("LIBOR") plus 3.11% and the mezzanine indebtedness is for $111.0 million at an interest rate of LIBOR plus 4.77%. Both the mortgage and mezzanine indebtedness that the Company expects to assume are secured by 106 of the 126 hotels in the Portfolio and mature on May 1, 2016, subject to three (one-year) extension rights which, if all three are exercised, result in an outside maturity date of May 1, 2019.
	Consistent with the terms of the Grace Acquisition, the Company anticipates that the remaining $451.0 million of the contract purchase price will be satisfied by the issuance of preferred equity interests in two newly-formed Delaware limited liability companies, ARC Hospitality Portfolio I Holdco, LLC and ARC Hospitality Portfolio II Holdco, LLC, each of which will be an indirect subsidiary of the Company and an indirect owner of the Portfolio. The holders of the preferred equity interests will be entitled to monthly distributions at a rate of 7.50% per annum for the first 18 months following closing and 8.00% per annum thereafter. On liquidation, the preferred equity interests will be entitled to receive their original value (as reduced by redemptions) prior to any distributions being made to the Company or its shareholders. After the earlier to occur of either (i) the date of repayment in full of currently outstanding unsecured obligations of the Company in the original principal amount of approximately $63.1 million, which represents the Barceló Promissory Note (See Note 7 - Promissory Notes Payable), or (ii) the date the gross amount of IPO proceeds received by the Company after the closing of the Grace Acquisition exceeds $100.0 million (reduced from $150.0 million through a side letter related to the Real Estate Sale Agreement dated August 22, 2014), the Company will be required to use 35.0% of any IPO proceeds to redeem the peferred equity interests at par, up to a maximum of $350.0 million for any 12-month period. The Company will also be required, in certain circumstances, to apply debt proceeds to redeem the preferred equity interests at par. As of the end of the third year following the closing of the Grace Acquisition, the Company will be required to have redeemed 50.0% of the preferred equity interests, and as of the end of the fourth year following the closing of the Grace Acquisition, the Company will be required to redeem 100.0% of the preferred equity interests remaining outstanding at such time. In addition, the Company will have the right, at its option, to redeem the preferred equity interests, in whole or in part, at any time at par. The holders of the preferred equity interests will have certain customary consent rights over actions by the Company relating to the Portfolio. If the Company is unable to satisfy the redemptions requirements, the holders of the preferred equity interests will have certain rights, including the ability to assume control of the operations of the Portfolio. Due to the fact that the preferred equity interests will be mandatorily redeemable and certain of their other characteristics, the preferred equity interests will be classified as debt in accordance with accounting principles generally accepted in the United States of America ("GAAP").
	Pursuant to the terms of the Grace Acquisition, the Company’s obligation to consummate the acquisition of the Portfolio is subject to certain customary closing conditions. Among these customary conditions, the Company must enter into replacement franchise agreements for each hotel and the Company must obtain the consent of certain ground lessors for certain hotels. The Company was required to make a $50.0 million earnest money deposit, with an additional $25.0 million due if the Company exercised its right to extend closing of the acquisition to December 15, 2014. This right was exercised on July 21, 2014 through an amendment to the Real Estate Sale Agreement and the additional $25.0 million earnest money deposit was funded on September 19, 2014.
	On November 11, 2014, the Real Estate Sale Agreement was amended and restated to incorporate all amendments made to that date (the "Amended Purchase Agreement"). The Amended Purchase Agreement reduces the size of the acquisition of the fee simple or leasehold interests to 116 hotels for an aggregate purchase price of $1.808 billion and changes the scheduled close date to February 27, 2015.

Summary_of_Significant_Account

Summary of Significant Accounting Policies	9 Months Ended
	Sep. 30, 2014
Accounting Policies [Abstract]	'
Summary of Significant Accounting Policies	'
	Summary of Significant Accounting Policies
	The accompanying condensed consolidated/combined financial statements of the Company included herein were prepared in accordance with the instructions to this Quarterly Report on Form 10-Q and Article 10 of Regulation S-X. Accordingly, they do not include all of the information and footnotes required by GAAP for complete financial statements. The information furnished includes all adjustments and accruals of a normal recurring nature, which, in the opinion of management, are necessary for a fair presentation of results for the interim periods. All intercompany accounts and transactions have been eliminated in consolidation. The results of operations for the period from January 1 to March 20, 2014 for the Barceló Portfolio (the "Predecessor") and for the period from March 21 to September 30, 2014 for the Company (the "Successor") are not necessarily indicative of the results for the entire year or any subsequent interim period because of the impact of seasonal or short-term variations related to the hotel industry. Certain prior period amounts have been reclassified to conform to current period presentation.
	These financial statements should be read in conjunction with the audited consolidated financial statements and notes thereto as of and for the year ended December 31, 2013, which are included in the Company's Annual Report on Form 10-K filed with the SEC on April 7, 2014.
	Development Stage Company
	On February 3, 2014, the Company raised proceeds sufficient to break escrow in connection with its IPO. The Company received and accepted aggregate subscriptions in excess of the minimum $2.0 million and issued shares of common stock to its initial investors who were admitted as stockholders. The Company acquired the Barceló Portfolio through fee simple, leasehold and joint venture interests and commenced operations on March 21, 2014, and as of such date was no longer considered to be a development stage company.
	Principles of Consolidation/Combination and Basis of Presentation
	The accompanying condensed consolidated/combined financial statements include the accounts of the Company and its subsidiaries. All inter-company accounts and transactions have been eliminated in consolidation. In determining whether the Company has a controlling financial interest in a joint venture and the requirement to consolidate the accounts of that entity, management considers factors such as ownership interest, authority to make decisions and contractual and substantive participating rights of the other partners or members as well as whether the entity is a variable interest entity for which the Company is the primary beneficiary.
	The Predecessor represents hospitality assets and operations owned by Barceló Crestline Corporation and its consolidated subsidiaries ("BCC"), which historically have been maintained in various legal entities. Historically, financial statements have not been prepared for the Predecessor as a discrete stand-alone entity. The accompanying condensed consolidated/combined financial statements for the Predecessor as of December 31, 2013, for the period from January 1 to March 20, 2014 and for the three and nine months ended September 30, 2013 have been derived from the historical accounting records of BCC and reflect the assets, liabilities, equity, revenue and expenses directly attributable to the Predecessor, as well as allocations deemed reasonable by management, to present the combined financial position, results of operations, changes in equity, and cash flows of the Predecessor on a stand-alone basis. Included in the accompanying condensed consolidated/combined statement of operations for the period from March 21 to September 30, 2014 is $0.2 million of costs related to the Company for the period from January 1 to March 20, 2014. No costs related to the Company for the period from January 1 to March 20, 2014 were included in the condensed consolidated statement of operations for the three months ended September 30, 2014.
	Use of Estimates
	The preparation of the accompanying condensed consolidated/combined financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. Management makes significant estimates regarding revenue recognition, purchase price allocations to record investments in real estate, the useful lives of real estate and real estate taxes, as applicable.
	Real Estate Investments
	The Company allocates the purchase price of properties acquired in real estate investments to tangible and identifiable intangible assets acquired based on their respective fair values at the date of acquisition. Tangible assets include land, land improvements, buildings and fixtures. The Company utilizes various estimates, processes and information to determine the property value. Estimates of value are made using customary methods, including data from appraisals, comparable sales, discounted cash flow analysis and other methods. Amounts allocated to land, land improvements, buildings and fixtures are based on purchase price allocation studies performed by independent third parties or on the Company’s analysis of comparable properties in the Company’s portfolio. Identifiable intangible assets and liabilities, as applicable, are typically related to contracts, including operating lease agreements, ground lease agreements and hotel management agreements, which will be recorded at fair value.
	In making estimates of fair values for purposes of allocating the purchase price, the Company utilizes a number of sources, including independent appraisals that may be obtained in connection with the acquisition or financing of the respective property and other market data. The Company also considers information obtained about each property as a result of the Company’s pre-acquisition due diligence in estimating the fair value of the tangible and intangible assets acquired and intangible liabilities assumed.
	Investments in real estate that are not considered to be business combinations are recorded at cost. Improvements and replacements are capitalized when they extend the useful life of the asset. Costs of repairs and maintenance are expensed as incurred. Depreciation of the Company's assets is computed using the straight-line method over the estimated useful lives of up to 40 years for buildings, 15 years for land improvements, five years for fixtures and the shorter of the useful life or the remaining lease term for leasehold interests.
	The Company is required to make subjective assessments as to the useful lives of the Company’s assets for purposes of determining the amount of depreciation to record on an annual basis with respect to the Company’s investments in real estate. These assessments have a direct impact on the Company’s net income because if the Company were to shorten the expected useful lives of the Company’s investments in real estate, the Company would depreciate these investments over fewer years, resulting in more depreciation expense and lower net income on an annual basis.
	The Company is required to present the operations related to properties that have been sold or properties that are intended to be sold as discontinued operations in the statement of operations at fair value for all periods presented to the extent the disposal of a component represents a strategic shift that has or will have a major effect on the Company’s operations and financial results.
	Below-Market Lease
	The below-market lease intangible is based on the difference between the market rent and the contractual rent and is discounted to a present value using an interest rate reflecting the Company's current assessment of the risk associated with the lease acquired. Acquired lease intangible assets are amortized over the remaining lease term. The amortization of a below-market lease is recorded as an increase to rent expense on the condensed consolidated/combined statements of operations.
	Impairment of Long Lived Assets and Investments in Unconsolidated Entities
	When circumstances indicate the carrying value of a property may not be recoverable, the Company reviews the asset for impairment. This review is based on an estimate of the future undiscounted cash flows, excluding interest charges, expected to result from the property’s use and eventual disposition. The estimates consider factors such as expected future operating income, market and other applicable trends and residual value, as well as the effects of demand, competition and other factors. If impairment exists, due to the inability to recover the carrying value of a property, an impairment loss will be recorded to the extent that the carrying value exceeds the estimated fair value of the property for properties to be held and used. For properties held for sale, the impairment loss is the adjustment to fair value less the estimated cost to dispose of the asset. These assessments have a direct impact on net income because recording an impairment loss results in an immediate negative adjustment to net income. No such impairment losses were recorded in the periods presented.
	Cash and Cash Equivalents
	Cash and cash equivalents includes cash in bank accounts as well as investments in highly-liquid money market funds with original maturities of three months or less.
	Restricted Cash
	Restricted cash consists of amounts required under mortgage agreements for future capital improvements to owned assets, future interest and property tax payments and excess cash flow deposits due to mortgage agreement restrictions. For purposes of the statement of cash flows, changes in restricted cash caused by changes to the amount needed for future capital improvements are treated as investing activities and changes related to future interest and real estate tax payments and excess cash flow deposits are treated as operating activities.
	Deferred Financing Fees
	Deferred financing fees represent commitment fees, legal fees and other costs associated with obtaining commitments for financing. These fees are amortized over the terms of the respective financing agreements using the effective interest method. Unamortized deferred financing fees are expensed when the associated debt is refinanced or repaid before maturity. Costs incurred in seeking financial transactions that do not close are expensed in the period in which it is determined that the financing will not be successful.
	Variable Interest Entities
	Accounting Standards Codification ("ASC") 810, Consolidation contains the guidance surrounding the definition of variable interest entities ("VIE"), the definition of variable interests and the consolidation rules surrounding VIEs. In general, VIEs are entities in which equity investors lack the characteristics of a controlling financial interest or do not have sufficient equity at risk for the entity to finance its activities without additional subordinated financial support. The Company has variable interests in VIEs through its investments in entities which own the Westin Virginia Beach Town Center (the "Westin Virginia Beach") and the Hilton Garden Inn Blacksburg.
	Once it is determined that the Company holds a variable interest in an entity, GAAP requires that the Company perform a qualitative analysis to determine (i) which entity has the power to direct the matters that most significantly impact the VIE’s financial performance; and (ii) if the Company has the obligation to absorb the losses of the VIE that could potentially be significant to the VIE or the right to receive the benefits of the VIE that could potentially be significant to the VIE. The entity that has both of these characteristics is deemed to be the primary beneficiary and is required to consolidate the VIE (See Note 4 - Variable Interest Entities and Investments in Unconsolidated Entities).
	Revenue Recognition
	Hotel revenue is recognized as earned, which is generally defined as the date upon which a guest occupies a room or utilizes the hotel services.
	Share-Based Payments
	The Company has a share-based incentive award plan, which is accounted for under the guidance for share-based payments. The expense for such awards will be included in general and administrative expenses and is recognized over the vesting period or when the requirements for exercise of the award have been met (See Note 14 - Share-Based Payments).
	Income Taxes
	The Company intends to elect and qualify to be taxed as a REIT under Sections 856 through 860 of the Internal Revenue Code commencing with its tax year ending December 31, 2014. In order to qualify as a REIT, the Company must annually distribute to its stockholders 90% of its REIT taxable income (which does not equal net income as calculated in accordance with GAAP), determined without regard to the deduction for dividends paid and excluding net capital gain, and must comply with various other organizational and operational requirements. If the Company qualifies for taxation as a REIT, it generally will not be subject to federal corporate income tax on that portion of its REIT taxable income that it distributes to its stockholders. Even if the Company qualifies for taxation as a REIT, it may be subject to certain state and local taxes on its income, property tax and federal income and excise taxes on its undistributed income. The Company's hotels are leased to a taxable REIT subsidiary ("TRS") which is a wholly owned subsidiary of the OP. The TRS is subject to federal, state and local income taxes.
	Earnings/Loss per Share
	The Company calculates basic income or loss per share by dividing net income or loss for the period by the weighted-average shares of its common stock outstanding for a respective period. Diluted income per share takes into account the effect of dilutive instruments, such as stock options and unvested stock awards, except when doing so would be anti-dilutive.
	Advertising Costs
	The Company expenses advertising costs as incurred. These costs were $0.1 million for the three months ended September 30, 2014 and $0.3 million combined between the Predecessor and the Company for the nine months ended September 30, 2014. These costs were $0.1 million and $0.3 million for the Predecessor for the three and nine months ended September 30, 2013, respectively.
	Allowance for Doubtful Accounts
	Receivables consist principally of trade receivables from customers and are generally unsecured and are due within 30 to 90 days. The Company records a provision for uncollectible accounts using the allowance method. Expected credit losses associated with trade receivables are recorded as an allowance for doubtful accounts. The allowance for doubtful accounts is estimated based upon historical patterns of credit losses for aged receivables as well as specific provisions for certain identifiable, potentially uncollectible balances. When internal collection efforts on accounts have been exhausted, the accounts are written off and the associated allowance for doubtful accounts is reduced. Trade receivable balances, net of the allowance for doubtful accounts, are included in prepaid expenses and other assets in the accompanying condensed consolidated/combined balance sheets, and are as follows (in thousands):
		Successor			Predecessor
		September 30, 2014			December 31, 2013
	Trade receivables	$	1,188		$	788
	Allowance for doubtful accounts	(40		)	(26		)
	Trade receivables, net of allowance	$	1,148		$	762
	Reportable Segments
	The Company has determined that it has one reportable segment, with activities related to investing in real estate. The Company’s investments in real estate generate room revenue and other income through the operation of the properties, which comprise 100% of the total consolidated/combined revenues. Management evaluates the operating performance of the Company’s investments in real estate on an individual property level, none of which represent a reportable segment.
	Recently Issued Accounting Pronouncements
	In April 2014, the Financial Accounting Standards Board ("FASB") issued Accounting Standards Update ("ASU") 2014-08 Presentation of Financial Statements (Topic 205) and Property, Plant and Equipment (Topic 360) - Reporting Discontinued Operations and Disclosure of Disposal of Components of an Entity. Under this standard, a disposal of a component of an entity or a group of components of an entity is required to be reported in discontinued operations only if the disposal represents a strategic shift that has, or will have, a major effect on an entity’s operations and financial results. In addition, it requires an entity to present, for each comparative period, the assets and liabilities of a disposal group that includes a discontinued operation separately in the asset and liability sections, respectively, of the statement of financial position. As a result, the operations of sold properties through the date of their disposal will be included in continuing operations, unless the sale represents a strategic shift. However, the gain or loss on the sale of a property will be reported separately below income from continuing operations. The Company adopted this ASU as of January 1, 2014. No prior year restatements are permitted for this change in policy. For purposes of earnings per share calculation, beginning in 2014 gains and losses on property sales will be included in continuing operations.
	On May 28, 2014, the FASB issued ASU 2014-09 Revenue from Contracts with Customers ("ASU 2014-09"), which requires an entity to recognize the amount of revenue to which it expects to be entitled for the transfer of promised goods or services to customers. ASU 2014-09 will replace most existing revenue recognition guidance in GAAP when it becomes effective. The new standard is effective for the Company on January 1, 2017. Early application is not permitted. The standard permits the use of either the retrospective or cumulative effect transition method. The Company is evaluating the effect that ASU 2014-09 will have on its consolidated financial statements and related disclosures. The Company has not yet selected a transition method nor has it determined the effect of the standard on its ongoing financial reporting.
	In August 2014, the FASB issued ASU 2014-15 Disclosure of Uncertainties about an Entity’s Ability to Continue as a Going Concern (“ASU 2014-15”), which describes how an entity should assess its ability to meet obligations and sets rules for how this information should be disclosed in the financial statements. The standard provides accounting guidance that will be used along with existing auditing standards. The adoption of ASU 2014-15 becomes effective for the Company on its fiscal year ending December 31, 2016, and all subsequent annual and interim periods. Early adoption is permitted. The adoption of ASU 2014-15 is not expected to have a material effect on the Company's consolidated financial statements.

Real_Estate_Investments

Real Estate Investments	9 Months Ended
	Sep. 30, 2014
Business Combinations [Abstract]	'
Real Estate Investments	'
	Real Estate Investments
	On March 21, 2014, the Company acquired the Barceló Portfolio through fee simple, leasehold and joint venture interests. The aggregate purchase price of the Barceló Portfolio was approximately $112.0 million, exclusive of closing costs. The Barceló Portfolio consists of (i) three wholly owned hotel assets (the "Portfolio Owned Assets"), the Baltimore Courtyard Inner Harbor Hotel (the "Baltimore Courtyard"), the Courtyard Providence Downtown Hotel (the "Providence Courtyard") and the Homewood Suites by Hilton Stratford (the "Stratford Homewood Suites"); (ii) one leased asset, the Georgia Tech Hotel & Conference Center (the "Georgia Tech Hotel"); and (iii) equity interests in two joint ventures (the "Joint Venture Assets") that each own one hotel, the Westin Virginia Beach and the Hilton Garden Inn Blacksburg.
	The following table presents the allocation of the assets acquired and liabilities assumed by the Company as of March 21, 2014 (in thousands):
		Successor
	Assets acquired and liabilities assumed	As of March 21, 2014
	Land	$	12,308
	Buildings and improvements	79,192
	Below-market lease obligation	8,400
	Furniture, fixtures and equipment	5,220
	Restricted cash	619
	Investment in unconsolidated entities	5,380
	Prepaid expenses and other assets	2,314
	Accounts payable and accrued expenses	(1,469		)
	Total operating assets acquired, net	111,964
	Contingent consideration on acquisition	(4,100		)
	Seller financing of real estate investments	(58,074		)
	Seller financing of investment in unconsolidated entities	(5,000		)
	Deferred consideration	(3,400		)
	Total assets acquired, net	$	41,390
	The Company is finalizing the fair value of certain tangible and intangible assets acquired and adjustments may be made to the preliminary purchase price allocation shown above. Pro forma information as if the above acquisitions during the nine months ended September 30, 2014 had been consummated on January 1, 2013 have not been presented as the results for the Predecessor for the nine months ended September 30, 2014 and 2013 are included in the condensed consolidated/combined statements of operations.
	Contingent consideration included as part of the acquisition is payable to BCC in 2016 based on the operating results of the Baltimore Courtyard, Providence Courtyard and Stratford Homewood Suites. Additionally, deferred consideration payable to BCC of $3.0 million and $0.5 million is payable within ten business days after the date the Company raises $70.0 million in common equity from the Offering excluding any common equity raised on or prior to the closing of the Grace Acquisition (See Note 11 - Commitments and Contingencies for further information on the preceding). The fair value of the contingent consideration on acquisition of $4.1 million and the deferred consideration of $3.4 million are included in accounts payable and accrued expenses and the seller financing of real estate investments and seller financing of investment in unconsolidated entities are included in promissory notes payable on the accompanying condensed consolidated/combined balance sheets.

Variable_Interest_Entities_and

Variable Interest Entities and Investments in Unconsolidated Entities	9 Months Ended
	Sep. 30, 2014
Variable Interest Entities and Investments in Unconsolidated Affiliates [Abstract]	'
Variable Interest Entities and Investments in Unconsolidated Entities	'
	Variable Interest Entities and Investments in Unconsolidated Entities
	The Company's accompanying condensed consolidated/combined financial statements and the Predecessor's combined financial statements include investments in (i) an entity that owns the Westin Virginia Beach and (ii) an entity that owns the Hilton Garden Inn Blacksburg.
	The Company as of September 30, 2014 and the Predecessor as of December 31, 2013 have a 24.00% non-controlling interest (but with certain veto and approval rights) in BSE/AH Blacksburg Hotel, LLC (the "HGI Blacksburg JV"), an entity that owns the assets of the Hilton Garden Inn Blacksburg. The HGI Blacksburg JV has a loan with an original principal balance of $13.0 million (the "Blacksburg Loan"). In addition, BCC is a party to the First Amended and Restated Guaranty of Payment dated April 17, 2008 (the "Blacksburg Payment Guaranty") in connection with the Blacksburg Loan, which is partially supported by a Construction Loan Indemnity from the other partners in the HGI Blacksburg JV dated March 10, 2008 (the "Blacksburg Cross Indemnity"). In connection with the acquisition of its non-controlling interest in the HGI Blacksburg JV, on March 21, 2014, the Company entered into an Indemnity Agreement (the "BCC Indemnity") pursuant to which the Company agreed to indemnify BCC against liabilities arising under the Blacksburg Payment Guaranty and/or the Blacksburg Cross Indemnity. The outstanding balance of the Blacksburg Loan was $10.2 million and $10.7 million as of September 30, 2014 and December 31, 2013, respectively.
	Under the Blacksburg Payment Guaranty, BCC is jointly liable to the lender, along with four other parties, for payment of any Blacksburg Loan deficiencies. The Blacksburg Payment Guaranty remains in effect until the Blacksburg Loan is repaid. Under the Blacksburg Cross Indemnity, each of the joint venture owners of the hotel agrees to be responsible for its pro rata share of any liabilities under the Blacksburg Payment Guaranty, and to be 100% responsible for any liabilities caused by it. Thus, so long as each of the other parties to the Blacksburg Cross Indemnity remains solvent, the Company, through the BCC Indemnity, should never be liable for anything more than the Company’s pro rata share of losses, or 100% of the losses the Company caused.
	The Company as of September 30, 2014 and the Predecessor as of December 31, 2013 have a 30.53% non-controlling interest (but with certain veto and approval rights) in TCA Block 7 Hotel, LLC (the "Westin Virginia Beach JV"), an entity that owns the assets of the Westin Virginia Beach. On April 8, 2014, a loan in connection with the hotel was refinanced and Notes A and B of that loan were paid off. Upon payment in full of Notes A and B, Note C for $7.0 million and related accrued interest of $0.5 million were forgiven. On April 8, 2014, Westin Virginia Beach JV entered into a $20.7 million loan (the "Westin Virginia Beach Loan") with an unaffiliated lender. In addition, the Company is a party to a Guaranty of Recourse Obligations dated April 8, 2014 (the "Westin Virginia Beach Non-Recourse Carve-out Guaranty") in connection with the Westin Virginia Beach Loan, which is partially supported by a permanent loan cross indemnity from the other partners in the Westin Virginia Beach JV dated April 1, 2014 (the "Westin Virginia Beach Cross Indemnity"). The outstanding balance of the prior loans was $26.6 million as of December 31, 2013, and the outstanding balance of the Westin Virginia Beach Loan was $20.6 million as of September 30, 2014.
	Under the Westin Virginia Beach Non-Recourse Carve-out Guaranty, the Company, along with two other parties, would be liable to the lender for repayment for part or all of the loan upon occurrence of events triggering non-recourse carve-out liability. Pursuant to the Westin Virginia Beach Cross Indemnity, each of the joint venture partners is obligated to pay its pro rata share of any losses incurred by the parties to the Westin Virginia Beach Non-Recourse Carve-out Guaranty, except to the extent that any such loss is caused by one of those parties, in which case that party is responsible for 100% of the losses. Therefore, so long as each of the other parties remains solvent, the Company should never be liable for anything more than its pro rata share of losses, or 100% of the losses it caused. The Westin Virginia Beach Non-Recourse Carve-out Guaranty remains in place until the Westin Virginia Beach Loan is repaid.
	The Company considers these entities to be VIEs. The Company has concluded it is not the primary beneficiary with the power to direct activities that most significantly impact economic performance of the entities, and accordingly, has not consolidated the entities. The Company has accounted for the entities under the equity method of accounting and included them in investments in unconsolidated entities in the accompanying condensed consolidated/combined balance sheets.
	The Company’s and Predecessor's investments in unconsolidated entities as of September 30, 2014 and December 31, 2013, respectively, consist of the following (in thousands):
				Investment in Partnership									Income (Loss)
				Successor					Predecessor				Successor					Predecessor				Successor				Predecessor
	Partnership	Ownership Interest		September 30, 2014					December 31, 2013				Three Months Ended September 30, 2014					Three Months Ended September 30, 2013				For the Period from March 21 to September 30, 2014				For the Period from January 1 to March 20, 2014			Nine Months Ended September 30, 2013
	HGI Blacksburg JV	24	%	$	1,614				$	893			$	77				$	58			$	94			$	(35	)	$	43
	Westin Virginia Beach JV	30.53	%	6,116					3,488				184					77				2,513				(131		)	59
	Total			$	7,730				$	4,381			$	261				$	135			$	2,607			$	(166	)	$	102
	The Company received a capital distribution of $0.24 million from the Westin Virginia Beach JV for the nine months ended September 30, 2014. No distributions were recorded during the three months ended September 30, 2014 and 2013 and the nine months ended September 30, 2013.
	During the three and nine months ended September 30, 2014, the Company received a capital distribution of $0.01 million from the HGI Blacksburg JV. No distributions were recorded during the three and nine months ended September 30, 2013.
	The maximum exposure to loss as a result of the Company’s and Predecessor's investments in unconsolidated entities as of September 30, 2014 and December 31, 2013, respectively, is as follows (in thousands)(1):
		Partnership Loan Balance									Investment in Partnership									Partnership Maximum Exposure to Loss
		Successor					Predecessor				Successor					Predecessor				Successor				Predecessor
	Partnership	30-Sep-14					December 31, 2013				September 30, 2014					December 31, 2013				September 30, 2014				December 31, 2013
	HGI Blacksburg JV	$	10,213				$	10,663			$	1,614				$	893			$	11,827			$	11,556
	Westin Virginia Beach JV	20,611					26,576				6,116					3,488				26,727				30,064
	Total	$	30,824				$	37,239			$	7,730				$	4,381			$	38,554			$	41,620
	______________________________________________________________________________________________
	(1) Represents the Company's maximum exposure to loss at each unconsolidated entity should the loss be caused by the Company. As a result of the Blacksburg Payment Guaranty, the Blacksburg Cross Indemnity, the Westin Virginia Beach Non-Recourse Carve-out Guaranty and the Westin Virginia Beach Cross Indemnity, the Company and Predecessor have a maximum exposure to loss of the outstanding loan balance at the entity as well as their investment in the entity.
	Below are the condensed statements of operations for the HGI Blacksburg JV for the three months ended September 30, 2014 and 2013 and for the period from January 1 to March 20, 2014, for the period from March 21 to September 30, 2014 and for the nine months ended September 30, 2013 (in thousands):
		Successor				Predecessor				Successor					Predecessor
		Three Months Ended September 30, 2014				Three Months Ended September 30, 2013				For the Period from March 21 to September 30, 2014					For the period from January 1 to March 20, 2014				Nine Months Ended September 30, 2013
	Hotel revenue	$	1,511			$	1,348			$	2,853				$	687			$	3,424
	Operating income (loss)	460				359				686					(47		)		587
	Interest expense	(109		)		(116		)		(232		)			(97		)		(409		)
	Net income (loss)	$	351			$	243			$	454				$	(144	)		$	178
	Company's share of net income (loss)	84				58				109					(35		)		43
	Additional amortization expense (1)	(7		)		—				(15		)			—				—
	Company's share of net income (loss)	$	77			$	58			$	94				$	(35	)		$	43
	____________________________________________________________________________
	(1) Amortization of the purchase price of the Company’s original interest in the HGI Blacksburg JV, less the Company's share of the partnership’s deficit, which resulted in a basis difference of $0.7 million.
	Below are the condensed statements of operations for the Westin Virginia Beach JV for the three months ended September 30, 2014 and 2013 and for the period from January 1 to March 20, 2014, for the period from March 21 to September 30, 2014 and for the nine months ended September 30, 2013 (in thousands):
		Successor				Predecessor				Successor					Predecessor
		Three Months Ended September 30, 2014				Three Months Ended September 30, 2013				For the Period from March 21 to September 30, 2014					For the Period from January 1 to March 20, 2014				Nine Months Ended September 30, 2013
	Hotel revenue	$	3,737			$	3,167			$	7,246				$	2,070			$	8,616
	Operating income (loss)	993				830				1,655					(67		)		1,470
	Interest income	—				1				—					—				2
	Interest expense	(280		)		(372		)		(714		)			(304		)		(1,074		)
	Forgiveness of debt	—				—				7,522					—				—
	Net income (loss)	$	713			$	459			$	8,463				$	(371	)		$	398
	Company's share of net income (loss)	217				139				2,583					(113		)		121
	Additional amortization expense (1)	(33		)		(62		)		(70		)			(18		)		(62		)
	Company's share of net income (loss)	$	184			$	77			$	2,513				$	(131	)		$	59
	_________________________________________________________________________
	(1) Amortization of the purchase price of the Predecessor’s original interest in the Westin Virginia Beach JV, less the Predecessor’s share of the partnership’s deficit, which resulted in a basis difference of $3.4 million and the Company’s original interest in the Westin Virginia Beach JV, less the Company's share of the partnership’s deficit, which resulted in a basis difference of $3.4 million.

Leases

Leases	9 Months Ended
	Sep. 30, 2014
Leases [Abstract]	'
Leases	'
	Leases
	In October 2001, the Predecessor, through a wholly owned subsidiary, entered into an operating lease agreement to lease the Georgia Tech Hotel, which opened in August 2003. On March 21, 2014, the Company acquired the Predecessor's interest in the lease. The lease has an initial term of 30 years from the opening date, with a 10-year extension option. The lease requires the Company to pay rent equal to (i) a fixed minimum rent plus (ii) an additional rent based upon a specified percentage of revenues to the extent they exceed a specified threshold. The Company is responsible for paying all of the hotel operating expenses including all personnel costs, impositions, utility charges, insurance premiums, and payments for funding furniture, fixtures and equipment reserves. Rent expense for the Georgia Tech Hotel attributable to the Successor for the three months ended September 30, 2014 and for the period from March 21 to September 30, 2014 was $1.3 million and $2.7 million, respectively. In connection with the acquisition of the Georgia Tech Hotel lease, the Company has allocated a value to the below-market lease intangible based on the difference between the market rent and the rental commitments. During the three and nine months ended September 30, 2014, $0.1 million and $0.2 million, respectively, has been amortized to rent expense. Rent expense attributable to the Predecessor for the three months ended September 30, 2013, for the period from January 1 to March 20, 2014 and the nine months ended September 30, 2013 was $1.1 million, $0.9 million and $3.2 million, respectively.
	The future minimum rental commitments for the Georgia Tech Hotel are as follows (in thousands):
		Minimum Rental Commitments		Amortization of Lease Intangible to Rent Expense
	October 1, 2014 - December 31, 2014	$	1,100	$	106
	Year ended December 31, 2015	4,400		433
	Year ended December 31, 2016	4,400		433
	Year ended December 31, 2017	4,400		433
	Year ended December 31, 2018	4,400		433
	Thereafter	64,533		6,328
	Total	$	83,233	$	8,166

Mortgage_Notes_Payable

Mortgage Notes Payable	9 Months Ended
	Sep. 30, 2014
Debt Disclosure [Abstract]	'
Mortgage Notes Payable	'
	Mortgage Note Payable
	The Company’s and the Predecessor's mortgage note payable as of September 30, 2014 and December 31, 2013 consist of the following, respectively (in thousands):
	Successor
		Outstanding Mortgage Note Payable
	Encumbered Properties	30-Sep-14		Interest Rate	Payment	Maturity
	Baltimore Courtyard & Providence Courtyard	$	45,500	4.30%	Interest Only, Principal paid at Maturity	Apr-19
	Predecessor
		Outstanding Mortgage Note Payable
	Encumbered Properties	December 31, 2013		Interest Rate	Payment	Maturity
	Baltimore Courtyard & Providence Courtyard	$	41,449	4.55% plus the greater	Principal	January
				of (i) three-month	and	2016
				LIBOR or (ii) a	Interest
				LIBOR floor of
				0.50%(1)
	______________________________________________________________________________________________
	(1) 5.05% at December 31, 2013
	The Predecessor's mortgage note payable was paid off concurrently with the acquisition of the Barceló Portfolio by the Company. Interest expense related to the mortgage note payable attributable to the Successor for the three months ended September 30, 2014 and for the period from March 21 to September 30, 2014 was $0.5 million and $1.1 million, respectively. Interest expense attributable to the Predecessor for the three months ended September 30, 2013, for the period from January 1 to March 20, 2014 and the nine months ended September 30, 2013 was $0.5 million, $0.5 million and $1.5 million, respectively.

Promissory_Notes_Payable

Promissory Notes Payable	9 Months Ended
	Sep. 30, 2014
Debt Disclosure [Abstract]	'
Promissory Notes Payable	'
	Promissory Notes Payable
	The Company’s promissory notes payable as of September 30, 2014 are as follows (in thousands):
		Outstanding Promissory Notes Payable
	Use of Proceeds	30-Sep-14		Interest Rate		Payment	Maturity
	Barceló acquisition	$	63,074	6.8	%	Interest Only	See below
	Property improvement plan	1,775		4.5	%	Interest Only	Mar-19
	Grace Acquisition deposit	—		6	%	Interest Only	May-15
	______________________________________________________________________________________________
	The promissory notes payable for the Barceló acquisition originally consisted of the Portfolio Owned Assets and Joint Venture Assets promissory notes which had a maturity date of within ten business days upon the Company raising equal to or greater than $150.0 million in common equity from the Offering. During the three months ended September 30, 2014, the Company entered into an amendment to the Portfolio Owned Assets and Joint Venture Assets promissory notes whereby the promissory notes were combined into one note (the "Barceló Promissory Note") with an outstanding principal amount of $63.1 million. The Barceló Promissory Note has a maturity date of within ten business days after the Company raises $70.0 million in common equity from the Offering after the closing of the Grace Acquisition. If the Grace Acquisition has not closed by March 31, 2015, the amendment shall become null and void and the Portfolio Owned Assets and Joint Venture Assets promissory notes shall be in full effect as if the amendments never occurred. There are no principal payments under the Barceló Promissory Note payable for 2014 and 2015, unless the contingent payment feature above is satisfied by raising equal to or greater than $70.0 million in common equity from the Offering after the closing of the Grace Acquisition or if the Grace Acquisition has not closed by March 31, 2015 and the Company has raised equal to or greater than $150.0 million in common equity from the Offering resulting in the contingent payment feature being satisfied under the Portfolio Owned Assets and Joint Venture Assets promissory notes.
	In connection with entering into the Grace Acquisition, the Company paid a $50.0 million customary earnest money deposit on May 27, 2014 which was partially funded by a $40.5 million draw on a $45.0 million promissory note with CARP, LLC, an entity under common ownership with the Sponsor (the "Affiliate Promissory Note"), which had a maturity date of May 27, 2015. As of September 30, 2014, the Affiliate Promissory Note had been repaid in full.
	The Barceló Promissory Note is payable to BCC and the property improvement plan promissory note is payable to the Sub Property Manager.
	Interest expense related to promissory notes payable attributable to the Company for the three months ended September 30, 2014 and for the period from March 21 to September 30, 2014 was $1.3 million and $2.5 million, respectively. No interest expense related to promissory notes payable was incurred by the Predecessor for the three and nine months ended September 30, 2013 as the Predecessor did not have any promissory notes.

Accounts_Payable_and_Accrued_E

Accounts Payable and Accrued Expenses	9 Months Ended
	Sep. 30, 2014
Payables and Accruals [Abstract]	'
Accounts Payable and Accrued Expenses	'
	Accounts Payable and Accrued Expenses
	The following is a summary of the components of accounts payable and accrued expenses (in thousands):
		Successor		Predecessor
		September 30, 2014		December 31, 2013
	Other accounts payable and accrued expenses	$	7,244	$	2,745
	Contingent consideration from acquisition	4,383		—
	Deferred payment for acquisition	3,470		—
	Accrued salaries and related liabilities	1,199		819
	Georgia Tech Hotel lease obligation	—		1,733
	Total	$	16,296	$	5,297

Common_Stock

Common Stock	9 Months Ended
	Sep. 30, 2014
Equity [Abstract]	'
Common Stock	'
	Common Stock
	The Company had 5,053,290 shares and 8,888 shares of common stock outstanding and had received total proceeds of $125.4 million and $0.2 million as of September 30, 2014 and December 31, 2013, respectively.
	On February 3, 2014, the Company's board of directors declared distributions payable to stockholders of record each day during the applicable month at a rate equal to $0.00465753425 per day, or $1.70 per annum, per share of common stock. The first distribution was paid in May 2014 to holders of record in April 2014. The distributions are payable by the fifth day following each month end to stockholders of record at the close of business each day during the prior month.
	Share Repurchase Program
	The Company has a Share Repurchase Program (the "SRP") that enables stockholders to sell their shares of common stock originally purchased from the Company to the Company. Under the SRP, stockholders may request that the Company redeem all or any portion, subject to certain minimum conditions described below, if such repurchase does not impair the Company’s capital or operations.
	Except in connection with a stockholder’s death, disability, bankruptcy or other involuntary exigent circumstance, prior to the time that the shares of common stock are listed on a national securities exchange and until the Company begins to calculate its NAV, the repurchase price per share will depend on the length of time investors have held such shares as follows: after one year from the purchase date — the lower of $23.13 or 92.5% of the amount they actually paid for each share; after two years from the purchase date — the lower of $23.75 or 95.0% of the amount they actually paid for each share; after three years from the purchase date —  the lower of $24.38 or 97.5% of the amount they actually paid for each share; and after four years from the purchase date — the lower of $25.00 or 100.0% of the amount they actually paid for each share (in each case, as adjusted for any stock distributions, combinations, splits and recapitalizations).
	Once the Company begins to calculate its NAV, the price per share that the Company will pay to repurchase the Company’s shares of common stock on the last day of each quarter, will be the Company’s per share NAV of common stock for the quarter, calculated after the close of business on each day the Company makes its quarterly financial filing. Subject to limited exceptions, stockholders whose shares of common stock are repurchased within the first four months from the date of purchase will be subject to a short-term trading fee of 2.0% of the aggregate per share NAV of the shares of common stock repurchased.
	The board of directors may reject a request for repurchase, at any time. Purchases under the SRP by the Company will be limited in any calendar year to 5.0% of the weighted average number of shares outstanding during the prior calendar year. In addition, funds available for the Company's SRP are limited and may not be sufficient to accommodate all requests. Due to these limitations, we cannot guarantee that we will be able to accommodate all repurchase requests.
	When a stockholder requests a repurchase and the repurchase is approved, the Company will reclassify such obligation from equity to a liability based on the settlement value of the obligation. Shares purchased under the SRP will have the status of authorized but unissued shares. As of September 30, 2014 and December 31, 2013, no shares had been repurchased or requested to be repurchased.
	Distribution Reinvestment Plan
	Pursuant to the DRIP, stockholders may elect to reinvest distributions by purchasing shares of common stock in lieu of receiving cash. No dealer manager fees or selling commissions are paid with respect to shares purchased pursuant to the DRIP. Participants purchasing shares pursuant to the DRIP have the same rights and are treated in the same manner as if such shares were issued pursuant to the primary Offering. The board of directors may designate that certain cash or other distributions be excluded from the DRIP. The Company has the right to amend or suspend any aspect of the DRIP or terminate the DRIP with ten days’ notice to participants. Shares issued under the DRIP are recorded to equity in the accompanying balance sheets in the period distributions are paid. There were 12,653 shares issued under the DRIP as of September 30, 2014. No shares were issued under the DRIP as of December 31, 2013.

Fair_Value_Measurements

Fair Value Measurements	9 Months Ended
	Sep. 30, 2014
Fair Value Disclosures [Abstract]	'
Fair Value Measurements	'
	Fair Value Measurements
	In accordance with ASC 820, certain assets and liabilities are recorded at fair value. Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability between market participants in an orderly transaction on the measurement date. The market in which the reporting entity would sell the asset or transfer the liability with the greatest volume and level of activity for the asset or liability is known as the principal market. When no principal market exists, the most advantageous market is used. This is the market in which the reporting entity would sell the asset or transfer the liability with the price that maximizes the amount that would be received or minimizes the amount that would be paid. Fair value is based on assumptions market participants would make in pricing the asset or liability. Generally, fair value is based on observable quoted market prices or derived from observable market data when such market prices or data are available. When such prices or inputs are not available, the reporting entity should use valuation models.
	The Company’s financial instruments recorded at fair value on a recurring basis are categorized based on the priority of the inputs used to measure fair value. The inputs used in measuring fair value are categorized into three levels, as follows:
	•	Level 1 - Inputs that are based upon quoted prices for identical instruments traded in active markets.
	•	Level 2 - Inputs that are based upon quoted prices for similar instruments in active markets, quoted prices for identical or similar investments in markets that are not active, or models based on valuation techniques for which all significant assumptions are observable in the market or can be corroborated by observable market data for substantially the full term of the investment.
	•	Level 3 - Inputs that are generally unobservable and typically reflect management’s estimates of assumptions that market participants would use in pricing the asset or liability. The fair values are therefore determined using model-based techniques that include option pricing models, discounted cash flow models, and similar techniques.
	The determination of where an asset or liability falls in the hierarchy requires significant judgment and considers factors specific to the asset or liability. In instances where the determination of the fair value measurement is based on inputs from different levels of the fair value hierarchy, the level in the fair value hierarchy within which the entire fair value measurement falls is based on the lowest level input that is significant to the fair value measurement in its entirety.
	The Company is required to disclose the fair value of financial instruments which it is practicable to estimate. The fair value of cash and cash equivalents, accounts receivable and accounts payable and accrued expenses approximate their carrying amounts due to the relatively short maturity of these items. The following table shows the carrying values and the fair values of material non-current liabilities that qualify as financial instruments, determined in accordance with the authoritative guidance for disclosures about fair value of financial instruments (in thousands):
		Successor				Predecessor
		September 30, 2014				December 31, 2013
		Carrying Amount		Fair Value		Carrying Amount		Fair Value
	Mortgage note payable	$	45,500	$	45,044	$	41,449	$	38,921
	Promissory notes payable	64,849		64,849		—		—
	Contingent consideration on acquisition	4,383		4,383		—		—
	Deferred consideration	3,470		3,470		—		—
	Total	$	118,202	$	117,746	$	41,449	$	38,921
	The fair value of the mortgage note payable was determined using the discounted cash flow method and applying current market rates and is classified as level 3 under the fair value hierarchy. The fair values of the promissory notes payable was determined to equal their carrying amounts as these amounts are expected to be repaid within a year. The fair value of the contingent consideration on acquisition and deferred consideration was determined to equal their carrying amounts as these amounts are accreted using current market rates.

Commitments_and_Contingencies

Commitments and Contingencies	9 Months Ended
	Sep. 30, 2014
Commitments and Contingencies Disclosure [Abstract]	'
Commitments and Contingencies	'
	Commitments and Contingencies
	Litigation
	In the ordinary course of business, the Company may become subject to litigation or claims. There are no material legal proceedings pending or known to be contemplated against the Company.
	Environmental Matters
	In connection with the ownership and operation of real estate, the Company may potentially be liable for costs and damages related to environmental matters. The Company has acquired the Barceló Portfolio through fee simple, leasehold and joint venture interests and as of September 30, 2014, has not been notified by any governmental authority of any non-compliance, liability or other claim and is not aware of any other environmental condition that it believes will have a material adverse effect on the results of operations.
	Contingent Consideration
	Included as part of the acquisition of the Barceló Portfolio is a contingent consideration payable to BCC based on the operating results of the Baltimore Courtyard, Providence Courtyard and Stratford Homewood Suites. The amount payable is calculated by applying a capitalization rate to the excess earnings before interest, taxes, depreciation and amortization ("EBITDA") earned in the second year after the acquisition over an agreed upon target. If this target EBITDA is not met, no amount will be due to BCC, but if the EBITDA earned is higher than forecasted, the amount due to BCC could be higher than the liability recorded in the condensed consolidated/combined balance sheets as of September 30, 2014.
	Deferred Consideration
	Included as part of the acquisition of the Barceló Portfolio is deferred consideration payable to BCC of $3.0 million and $0.5 million which was payable on March 21, 2015 and March 21, 2016, respectively. As part of the amendment to the Portfolio Owned Assets and Joint Venture Assets promissory notes, the full amount of $3.5 million is now payable within ten business days after the date the Company raises $70.0 million in common equity from the Offering after the closing of the Grace Acquisition. If the Grace Acquisition has not closed by March 31, 2015, the amendment shall become null and void and the deferred consideration of $3.0 million and $0.5 million shall be payable on the original due dates of March 21, 2015 and March 21, 2016, respectively. The deferred consideration does not bear interest unless the amounts remain unpaid as of the repayment date, at which time, interest will begin accruing at a rate of 6.8% per annum.

Related_Party_Transactions_and

Related Party Transactions and Arrangements	9 Months Ended
	Sep. 30, 2014
Related Party Transactions [Abstract]	'
Related Party Transactions and Arrangements	'
	Related Party Transactions and Arrangements
	As of September 30, 2014, the Special Limited Partner owned 8,888 shares of the Company’s outstanding common stock. The Advisor and its affiliates may incur and pay costs and fees on behalf of the Company. The Company had a payable due to affiliates related to operating, acquisition, financing and offering costs of $7.7 million and $0.6 million as of September 30, 2014 and December 31, 2013, respectively. In connection with the Grace Acquisition, the Company entered into the Affiliate Promissory Note with an entity under common ownership with the Sponsor (See Note 7 - Promissory Notes Payable). The Affiliate Promissory Note was repaid in full as of September 30, 2014. No amount was due under the Affiliate Promissory Note as of December 31, 2013.
	Fees Paid in Connection with the Offering
	The Dealer Manager is paid fees and compensation in connection with the sale of the Company's common stock in the Offering. The Dealer Manager is paid a selling commission of up to 7.0% of the per share purchase price of the Company’s offering proceeds before reallowance of commissions earned by participating broker-dealers. In addition, the Dealer Manager is paid up to 3.0% of the gross proceeds from the sale of shares, before reallowance to participating broker-dealers, as a dealer-manager fee. The Dealer Manager may reallow its dealer-manager fee to participating broker-dealers. A participating broker dealer may elect to receive a fee equal to 7.5% of the gross proceeds from the sale of shares by such participating broker dealer, with 2.5% thereof paid at the time of such sale and 1.0% thereof paid on each anniversary of the closing of such sale up to and including the fifth anniversary of the closing of such sale. If this option is elected, it’s expected that the dealer manager fee will be reduced to 2.5% of gross proceeds.
	The table below shows the fees incurred from and payable to the Dealer Manager for the Offering during the three and nine months ended September 30, 2014 and 2013, respectively, and the associated payable as of September 30, 2014 and December 31, 2013, which is recorded in due to affiliates on the Company's condensed consolidated/combined balance sheets (in thousands):
		Three Months Ended				Nine Months Ended				Payable as of
		September 30,				September 30,
		2014		2013		2014		2013		30-Sep-14		31-Dec-13
	Total commissions and fees incurred from the Dealer Manager	$	9,926	$	—	$	11,763	$	—	$	179	$	—
	The Advisor and its affiliates are paid compensation and/or receive reimbursement for services relating to the Offering, including transfer agency services provided by an affiliate of the Dealer Manager. All offering costs incurred by the Company or its affiliated entities on behalf of the Company have been charged to additional paid-in capital on the accompanying condensed consolidated/combined balance sheets upon commencement of operations. Offering costs were reclassified from deferred costs to stockholders’ equity when the Company commenced its Offering, and included all expenses incurred by the Company in connection with its Offering as of such date. As of December 31, 2013, such costs totaled $1.5 million. The table below shows compensation and reimbursements incurred and payable to the Advisor and its affiliates for services relating to the Offering during the three and nine months ended September 30, 2014 and 2013, respectively, and the associated amounts payable as of September 30, 2014 and December 31, 2013, which is recorded in due to affiliates on the Company's condensed consolidated/combined balance sheets (in thousands):
		Three Months Ended				Nine Months Ended				Payable as of
		September 30,				September 30,
		2014		2013		2014		2013		30-Sep-14		31-Dec-13
	Total compensation and reimbursement for services provided by the Advisor and its affiliates	$	541	$	—	$	1,652	$	—	$	2,341	$	—
	The Company is responsible for offering and related costs from the ongoing offering, excluding commissions and dealer manager fees, up to a maximum of 2.0% of gross proceeds received from the Offering, measured at the end of the Offering. Offering costs in excess of the 2.0% cap as of the end of the Offering are the Advisor’s responsibility. As of September 30, 2014 and December 31, 2013, offering and related costs exceeded 2.0% of gross proceeds received from the Offering by $1.6 million and $1.5 million, respectively, due to the on-going nature of the Offering.
	Fees Paid in Connection With the Operations of the Company
	Fees Paid to the Advisor
	The Advisor receives an acquisition fee of 1.5% of the contract purchase price of each acquired property and 1.5% of the amount advanced for a loan or other investment. The Advisor may also be reimbursed for expenses incurred in the process of acquiring properties, in addition to third-party costs the Company may pay directly to, or reimburse the Advisor for. Additionally, the Company may reimburse the Advisor for legal expenses it or its affiliates directly incur in the process of acquiring properties in an amount not to exceed 0.1% of the contract purchase price of the Company’s assets acquired. Once the proceeds from the Offering have been fully invested, the aggregate amount of acquisition fees and financing coordination fees (as described below) may not exceed 1.9% of the contract purchase price, for any new investments, including reinvested proceeds, and the amount advanced for a loan or other investment for all the assets acquired. In no event will the total of all acquisition fees, acquisition expenses and any financing coordination fees (as described below) payable with respect to a particular investment exceed 4.5% of the contract purchase price or 4.5% of the amount advanced for a loan or other investment.
	If the Advisor provides services in connection with the origination or refinancing of any debt that the Company obtains and uses to acquire properties or to make other permitted investments, or that is assumed, directly or indirectly, in connection with the acquisition of properties, the Company will pay the Advisor or its assignees a financing coordination fee equal to 0.75% of the amount available and/or outstanding under such financing, subject to certain limitations.
	The table below depicts the acquisition and financing coordination fees charged by the Advisor in connection with the operations of the Company for the three and nine months ended September 30, 2014 and 2013, respectively, and the associated payable as of September 30, 2014 and December 31, 2013, which is recorded in due to affiliates on the Company's condensed consolidated/combined balance sheets (in thousands):
		Three Months Ended				Nine Months Ended				Payable as of
		September 30,				September 30,
		2014		2013		2014		2013		30-Sep-14		31-Dec-13
	Acquisition fees	$	—	$	—	$	1,598	$	—	$	1,598	$	—
	Financing coordination fees	—		—		815		—		815		—
		$	—	$	—	$	2,413	$	—	$	2,413	$	—
	For its asset management services, the Company causes the OP to issue (subject to periodic approval by the board of directors) to the Advisor performance-based restricted partnership units of the OP ("Class B Units") on a quarterly basis in an amount equal to the excess of the cost of the Company’s assets or the lower of the cost of assets and the applicable quarterly NAV, once the Company begins calculating NAV, multiplied by 0.1875% divided by the value of one share of common stock as of the last day of such calendar quarter, which is equal initially to $22.50 (the Offering price minus selling commissions and dealer manager fees) and, at such time as the Company calculates NAV, to per share NAV. The Advisor is entitled to receive distributions on the vested and unvested Class B Units it receives in connection with its asset management subordinated participation at the same rate as distributions received on the Company’s common stock; such distributions are in addition to the incentive fees the Advisor and its affiliates may receive from the Company, including, without limitation, the annual subordinated performance fee and the subordinated participation in net sales proceeds, the subordinated incentive listing distribution or the subordinated distribution upon termination of the advisory agreement, as applicable. The restricted Class B Units do not become unrestricted Class B Units until such time as the adjusted market value of the OP’s assets plus applicable distributions equals the sum of the aggregate capital contributed by investors plus an amount equal to a 6.0% cumulative, pre-tax, non-compounded annual return to investors and only at such time as the capital account associated with a restricted Class B Unit equals the capital account of an unrestricted Class B Unit. Asset management services were performed by the Advisor for the three and nine months ended September 30, 2014, and 18,547 Class B Units have been issued as of September 30, 2014.
	Fees Paid to the Property Manager
	The Company pays a property management fee of approximately 4.0% of the monthly gross receipts from the properties managed by the Company’s Sub-Property Manager or a third-party sub-property manager, as applicable and as negotiated with each such sub-property manager. The Company also reimburses the Sub-Property Manager or a third-party sub-property manager for property level expenses, as well as fees and expenses of such sub-property manager. However, the Company will not reimburse such sub-property managers for general overhead costs or for the wages and salaries and other employee-related expenses of employees of such sub-property managers, other than employees or subcontractors who are engaged in the on-site operation, management, maintenance or access control of the Company’s properties. The Predecessor paid the Sub-Property Manager a similar property management fee.
	The table below shows the management fees and reimbursable expenses incurred by the Company during the three and nine months ended September 30, 2014 and the associated payable, which is recorded in due to affiliates on the Company's condensed consolidated/combined balance sheets, as of September 30, 2014 and by the Predecessor for the three and nine months ended September 30, 2013 and the associated payable as of December 31, 2013, which is recorded in accounts payable and accrued expenses on the Predecessor's condensed consolidated/combined balance sheets (in thousands):
		Three Months Ended				Nine Months Ended				Payable as of
		September 30,				September 30,
		2014		2013		2014		2013		30-Sep-14		31-Dec-13
	Total management fees and reimbursable expenses paid to Sub-Property Manager	$	673	$	608	$	2,160	$	1,953	$	228	$	168
	Fees Paid to Other Affiliates
	The Company entered into an agreement with RCS Capital, the investment banking and capital markets division of the Dealer Manager ("RCS Capital") to provide strategic advisory services and investment banking services required in the ordinary course of the Company's business, such as performing financial analysis, evaluating publicly traded comparable companies and assisting in developing a portfolio composition strategy, a capitalization structure to optimize future liquidity options and structuring operations. The Company has recorded the payment of the costs associated with this agreement of $0.9 million in prepaid expenses and other assets on the Company's condensed consolidated/combined balance sheets and amortizes the costs associated with this agreement over the estimated remaining life of the Offering.
	RCS Advisory Services, LLC ("RCS Advisory") is paid compensation for services provided to the Company on behalf of the Advisor based on time and expenses incurred. Additionally, the Company entered into a $1.0 million agreement with RCS Advisory to provide transaction management services in connection with the Grace Acquisition.
	The Company entered into an agreement with RCS Capital to provide strategic financial advice and assistance in connection with the Grace Acquisition, such as performing financial advisory and analysis services, due diligence and negotiation of the financial aspects of the acquisition. The Company will be charged 0.25% of the total transaction cost for these services and has accrued $2.4 million associated with this agreement for the three and nine months ended September 30, 2014 and the associated payable, which is recorded in due to affiliates on the Company's condensed consolidated/combined balance sheets.
	The table below depicts related party fees and reimbursements charged by the Dealer Manager and RCS Advisory in connection with the operations of the Company for the three and nine months ended September 30, 2014 and 2013, respectively, and the associated payable as of September 30, 2014 and December 31, 2013 (in thousands):
		Three Months Ended				Nine Months Ended				Payable as of
		September 30,				September 30,
		2014		2013		2014		2013		30-Sep-14		31-Dec-13
	Transaction fees and expenses	$	2,160	$	—	$	3,170	$	—	$	2,545	$	—
	Advisory and investment banking fee	115		—		345		—		—		—
	Total related party fees and reimbursements	$	2,275	$	—	$	3,515	$	—
	In order to increase operating cash flows and the ability to pay distributions from operating cash flows, the Advisor may elect to waive certain fees. Because the Advisor may waive certain fees, cash flow from operations that would have been paid to the Advisor may be available to pay distributions to stockholders. The fees that may be forgiven are not deferrals and accordingly, will not be paid to the Advisor. In certain instances, to improve the Company’s working capital, the Advisor may elect to absorb a portion of the Company’s general and administrative costs. No expenses were absorbed by the Advisor for the three and nine months ended September 30, 2014.
	The Company reimburses the Advisor’s costs of providing administrative services, subject to the limitation that the Company will not reimburse the Advisor for any amount by which the Company’s operating expenses at the end of the four preceding fiscal quarters exceeds the greater of (a) 2.0% of average invested assets and (b) 25.0% of net income other than any additions to reserves for depreciation, bad debt or other similar non-cash reserves and excluding any gain from the sale of assets for that period. Additionally, the Company reimburses the Advisor for personnel costs in connection with other services; however, the Company will not reimburse the Advisor for personnel costs, including executive salaries, in connection with services for which the Advisor receives acquisition fees, acquisition expenses or real estate commissions.
	The Advisor at its election may also contribute capital to enhance the Company’s cash position for working capital and distribution purposes. Any contributed capital amounts are not reimbursable to the Advisor. Further, any capital contributions are made without any corresponding issuance of common or preferred shares. There were no contributions to capital from the Advisor for the three and nine months ended September 30, 2014.
	Fees Paid in Connection with the Liquidation or Listing of the Company’s Real Estate Assets
	The Company may pay the Advisor an annual subordinated performance fee calculated on the basis of the Company’s total return to stockholders, payable annually in arrears, such that for any year in which the Company’s total return on stockholders’ capital exceeds 6.0% per annum, the Advisor will be entitled to 15.0% of the excess total return but not to exceed 10.0% of the aggregate total return for such year. This fee will be payable only upon the sale of assets, other disposition or refinancing of such assets, which results in the return on stockholders’ capital exceeding 6.0% per annum. No subordinated performance fees were incurred during the three and nine months ended September 30, 2014.
	The Company may pay a brokerage commission to the Advisor on the sale of property, not to exceed the lesser of 2.0% of the contract sale price of the property and 50.0% of the total brokerage commission paid if a third-party broker is also involved; provided, however, that in no event may the real estate commissions paid to the Advisor, its affiliates and unaffiliated third parties exceed the lesser of 6.0% of the contract sales price and a reasonable, customary and competitive real estate commission, in each case, payable to the Advisor if the Advisor or its affiliates, as determined by a majority of the independent directors, provided a substantial amount of services in connection with the sale. No such fees were incurred during the three and nine months ended September 30, 2014.
	The Company will pay the Special Limited Partner a subordinated participation in the net sales proceeds of the sale of real estate assets of 15.0% of the remaining net sale proceeds after return of capital contributions to investors plus payment to investors of a 6.0% cumulative, pre-tax non-compounded annual return on the capital contributed by investors. The Special Limited Partner will not be entitled to the subordinated participation in net sale proceeds unless the Company’s investors have received a 6.0% cumulative non-compounded return on their capital contributions plus the return of their capital. No such participation became due and payable during the three and nine months ended September 30, 2014.
	If the common stock of the Company is listed on a national exchange, the Company will pay the Special Limited Partner a subordinated incentive listing distribution of 15.0% of the amount by which the Company’s market value plus distributions exceeds the aggregate capital contributed by investors plus an amount equal to a 6.0% cumulative, pre-tax non-compounded annual return to investors. The Special Limited Partner will not be entitled to the subordinated incentive listing fee unless investors have received a 6.0% cumulative, pre-tax non-compounded return on their capital contributions plus the return of their capital. No such distributions were incurred during the three and nine months ended September 30, 2014. Neither the Special Limited Partner nor any of its affiliates can earn both the subordination participation in the net proceeds and the subordinated incentive listing distribution.
	Upon termination or non-renewal of the advisory agreement with the Advisor, with or without cause, the Special Limited Partner, through its controlling interest in the Advisor, will be entitled to receive distributions from the OP equal to 15.0% of the amount by which the sum of the Company’s market value plus distributions exceeds the sum of the aggregate capital contributed by investors plus an amount equal to a 6.0% cumulative, pre-tax, non-compounded annual return to investors. The Special Limited Partner may elect to defer its right to receive a subordinated distribution upon termination until either a listing on a national securities exchange or other liquidity event occurs. No such distributions were incurred during the three and nine months ended September 30, 2014.

Economic_Dependency

Economic Dependency	9 Months Ended
	Sep. 30, 2014
Economic Dependency [Abstract]	'
Economic Dependency	'
	Economic Dependency
	Under various agreements, the Company has engaged or will engage the Advisor and its affiliates to provide certain services that are essential to the Company, including asset management services, supervision of the management, asset acquisition and disposition decisions, the sale of shares of common stock available for issue, transfer agency services, as well as other administrative responsibilities for the Company including accounting services and investor relations.
	As a result of these relationships, the Company is dependent upon the Advisor and its affiliates. In the event that these companies are unable to provide the Company with the respective services, the Company will be required to find alternative providers of these services.

ShareBased_Payments

Share-Based Payments	9 Months Ended
	Sep. 30, 2014
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]	'
Share-Based Payments	'
	Share-Based Payments
	Restricted Share Plan
	The Company has adopted an employee and director incentive restricted share plan (the "RSP"), which provides for the automatic grant of 1,333 restricted shares of common stock to each of the independent directors, without any further action by the Company’s board of directors or the stockholders, on the date of initial election to the board of directors and on the date of each annual stockholder’s meeting. Restricted stock issued to independent directors will vest over a five-year period following the first anniversary of the date of grant in increments of 20.0% per annum. The RSP provides the Company with the ability to grant awards of restricted shares to the Company’s directors, officers and employees (if the Company ever has employees), employees of the Advisor and its affiliates, employees of entities that provide services to the Company, directors of the Advisor or of entities that provide services to the Company, certain consultants to the Company and the Advisor and its affiliates or to entities that provide services to the Company. The total number of shares of common stock granted under the RSP shall not exceed 5.0% of outstanding shares of common stock on a fully diluted basis at any time and in any event will not exceed 4.0 million shares (as such number may be adjusted for stock splits, stock dividends, combinations and similar events).
	Restricted share awards entitle the recipient to receive shares of common stock from the Company under terms that provide for vesting over a specified period of time or upon attainment of pre-established performance objectives. Such awards would typically be forfeited with respect to the unvested shares upon the termination of the recipient’s employment or other relationship with the Company. Restricted shares may not, in general, be sold or otherwise transferred until restrictions are removed and the shares have vested. Holders of restricted shares may receive cash distributions prior to the time that the restrictions on the restricted shares have lapsed. Any distributions payable in shares of common stock shall be subject to the same restrictions as the underlying restricted shares. The fair value of the shares will be expensed over the vesting period of five years. There were 6,665 and 0 restricted shares granted as of September 30, 2014 and December 31, 2013, respectively, none of which had vested. Based on a share price of $22.50, the compensation expense related to restricted stock was $6,500 and $14,500 during the three and nine months ended September 30, 2014 and is recorded in general and administrative expense in the accompanying statements of operations. There was no compensation expense related to restricted stock during the three and nine months ended September 30, 2013.
	Other Share-Based Payments
	The Company may issue common stock in lieu of cash to pay fees earned by the Company's directors. There were no such shares of common stock issued in lieu of cash as of September 30, 2014 and December 31, 2013, respectively.

Subsequent_Events

Subsequent Events	9 Months Ended
	Sep. 30, 2014
Subsequent Events [Abstract]	'
Subsequent Events	'
	Subsequent Events
	The Company has evaluated subsequent events through the filing of this Quarterly Report on Form 10-Q, and determined that there have not been any events that have occurred that would require adjustments to disclosures in the accompanying condensed consolidated financial statements except for the following transactions:
	Sales of Common Stock
	As of October 31, 2014, the Company had 7.5 million shares of common stock outstanding, including unvested restricted shares and shares issued under the DRIP. Total gross proceeds, net of repurchases, from these issuances were $187.3 million, including proceeds from shares issued under the DRIP. As of October 31, 2014, the aggregate value of all share issuances was $188.3 million based on a per share value of $25.00 (or $23.75 per share for shares issued under the DRIP).
	Total capital raised to date, including shares issued under the DRIP, is as follows (in thousands):
	Source of Capital	Inception to September 30, 2014		October 1, 2014 to October 31, 2014		Total
	Common stock	$	125,427	$	61,834	$	187,261
	Distributions Paid
	On October 1, 2014, the Company paid distributions of $0.6 million to stockholders of record during the month of September 2014. Approximately $0.3 million of such distributions were paid in cash, while $0.3 million was reinvested to purchase 11,111 shares under the DRIP.
	Pending Acquisition
	On November 11, 2014, the Company entered into an amendment and restatement of the Real Estate Sale Agreement for the Grace Acquisition (See Note 1 - Organization).

Summary_of_Significant_Account1

Summary of Significant Accounting Policies (Policies)	9 Months Ended
	Sep. 30, 2014
Accounting Policies [Abstract]	'
Principles of Consolidation and Basis of Presentation	'
	Principles of Consolidation/Combination and Basis of Presentation
	The accompanying condensed consolidated/combined financial statements include the accounts of the Company and its subsidiaries. All inter-company accounts and transactions have been eliminated in consolidation. In determining whether the Company has a controlling financial interest in a joint venture and the requirement to consolidate the accounts of that entity, management considers factors such as ownership interest, authority to make decisions and contractual and substantive participating rights of the other partners or members as well as whether the entity is a variable interest entity for which the Company is the primary beneficiary.
	The Predecessor represents hospitality assets and operations owned by Barceló Crestline Corporation and its consolidated subsidiaries ("BCC"), which historically have been maintained in various legal entities. Historically, financial statements have not been prepared for the Predecessor as a discrete stand-alone entity. The accompanying condensed consolidated/combined financial statements for the Predecessor as of December 31, 2013, for the period from January 1 to March 20, 2014 and for the three and nine months ended September 30, 2013 have been derived from the historical accounting records of BCC and reflect the assets, liabilities, equity, revenue and expenses directly attributable to the Predecessor, as well as allocations deemed reasonable by management, to present the combined financial position, results of operations, changes in equity, and cash flows of the Predecessor on a stand-alone basis.
Use of Estimates	'
	Use of Estimates
	The preparation of the accompanying condensed consolidated/combined financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. Management makes significant estimates regarding revenue recognition, purchase price allocations to record investments in real estate, the useful lives of real estate and real estate taxes, as applicable.
Real Estate Investments	'
	Real Estate Investments
	The Company allocates the purchase price of properties acquired in real estate investments to tangible and identifiable intangible assets acquired based on their respective fair values at the date of acquisition. Tangible assets include land, land improvements, buildings and fixtures. The Company utilizes various estimates, processes and information to determine the property value. Estimates of value are made using customary methods, including data from appraisals, comparable sales, discounted cash flow analysis and other methods. Amounts allocated to land, land improvements, buildings and fixtures are based on purchase price allocation studies performed by independent third parties or on the Company’s analysis of comparable properties in the Company’s portfolio. Identifiable intangible assets and liabilities, as applicable, are typically related to contracts, including operating lease agreements, ground lease agreements and hotel management agreements, which will be recorded at fair value.
	In making estimates of fair values for purposes of allocating the purchase price, the Company utilizes a number of sources, including independent appraisals that may be obtained in connection with the acquisition or financing of the respective property and other market data. The Company also considers information obtained about each property as a result of the Company’s pre-acquisition due diligence in estimating the fair value of the tangible and intangible assets acquired and intangible liabilities assumed.
	Investments in real estate that are not considered to be business combinations are recorded at cost. Improvements and replacements are capitalized when they extend the useful life of the asset. Costs of repairs and maintenance are expensed as incurred. Depreciation of the Company's assets is computed using the straight-line method over the estimated useful lives of up to 40 years for buildings, 15 years for land improvements, five years for fixtures and the shorter of the useful life or the remaining lease term for leasehold interests.
	The Company is required to make subjective assessments as to the useful lives of the Company’s assets for purposes of determining the amount of depreciation to record on an annual basis with respect to the Company’s investments in real estate. These assessments have a direct impact on the Company’s net income because if the Company were to shorten the expected useful lives of the Company’s investments in real estate, the Company would depreciate these investments over fewer years, resulting in more depreciation expense and lower net income on an annual basis.
	The Company is required to present the operations related to properties that have been sold or properties that are intended to be sold as discontinued operations in the statement of operations at fair value for all periods presented to the extent the disposal of a component represents a strategic shift that has or will have a major effect on the Company’s operations and financial results.
Below Market Lease	'
	Below-Market Lease
	The below-market lease intangible is based on the difference between the market rent and the contractual rent and is discounted to a present value using an interest rate reflecting the Company's current assessment of the risk associated with the lease acquired. Acquired lease intangible assets are amortized over the remaining lease term. The amortization of a below-market lease is recorded as an increase to rent expense on the condensed consolidated/combined statements of operations.
Impairment of Long Lived Assets and Investments in Unconsolidated Entities	'
	Impairment of Long Lived Assets and Investments in Unconsolidated Entities
	When circumstances indicate the carrying value of a property may not be recoverable, the Company reviews the asset for impairment. This review is based on an estimate of the future undiscounted cash flows, excluding interest charges, expected to result from the property’s use and eventual disposition. The estimates consider factors such as expected future operating income, market and other applicable trends and residual value, as well as the effects of demand, competition and other factors. If impairment exists, due to the inability to recover the carrying value of a property, an impairment loss will be recorded to the extent that the carrying value exceeds the estimated fair value of the property for properties to be held and used. For properties held for sale, the impairment loss is the adjustment to fair value less the estimated cost to dispose of the asset. These assessments have a direct impact on net income because recording an impairment loss results in an immediate negative adjustment to net income.
Cash and Cash Equivalents	'
	Cash and Cash Equivalents
	Cash and cash equivalents includes cash in bank accounts as well as investments in highly-liquid money market funds with original maturities of three months or less.
Restricted Cash	'
	Restricted Cash
	Restricted cash consists of amounts required under mortgage agreements for future capital improvements to owned assets, future interest and property tax payments and excess cash flow deposits due to mortgage agreement restrictions. For purposes of the statement of cash flows, changes in restricted cash caused by changes to the amount needed for future capital improvements are treated as investing activities and changes related to future interest and real estate tax payments and excess cash flow deposits are treated as operating activities.
Deferred Financing Fees	'
	Deferred Financing Fees
	Deferred financing fees represent commitment fees, legal fees and other costs associated with obtaining commitments for financing. These fees are amortized over the terms of the respective financing agreements using the effective interest method. Unamortized deferred financing fees are expensed when the associated debt is refinanced or repaid before maturity. Costs incurred in seeking financial transactions that do not close are expensed in the period in which it is determined that the financing will not be successful.
Variable Interest Entities	'
	Variable Interest Entities
	Accounting Standards Codification ("ASC") 810, Consolidation contains the guidance surrounding the definition of variable interest entities ("VIE"), the definition of variable interests and the consolidation rules surrounding VIEs. In general, VIEs are entities in which equity investors lack the characteristics of a controlling financial interest or do not have sufficient equity at risk for the entity to finance its activities without additional subordinated financial support. The Company has variable interests in VIEs through its investments in entities which own the Westin Virginia Beach Town Center (the "Westin Virginia Beach") and the Hilton Garden Inn Blacksburg.
	Once it is determined that the Company holds a variable interest in an entity, GAAP requires that the Company perform a qualitative analysis to determine (i) which entity has the power to direct the matters that most significantly impact the VIE’s financial performance; and (ii) if the Company has the obligation to absorb the losses of the VIE that could potentially be significant to the VIE or the right to receive the benefits of the VIE that could potentially be significant to the VIE. The entity that has both of these characteristics is deemed to be the primary beneficiary and is required to consolidate the VIE (See Note 4 - Variable Interest Entities and Investments in Unconsolidated Entities).
Revenue Recognition	'
	Revenue Recognition
	Hotel revenue is recognized as earned, which is generally defined as the date upon which a guest occupies a room or utilizes the hotel services.
Share-Based Payments	'
	Share-Based Payments
	The Company has a share-based incentive award plan, which is accounted for under the guidance for share-based payments. The expense for such awards will be included in general and administrative expenses and is recognized over the vesting period or when the requirements for exercise of the award have been met (See Note 14 - Share-Based Payments).
Income Taxes	'
	Income Taxes
	The Company intends to elect and qualify to be taxed as a REIT under Sections 856 through 860 of the Internal Revenue Code commencing with its tax year ending December 31, 2014. In order to qualify as a REIT, the Company must annually distribute to its stockholders 90% of its REIT taxable income (which does not equal net income as calculated in accordance with GAAP), determined without regard to the deduction for dividends paid and excluding net capital gain, and must comply with various other organizational and operational requirements. If the Company qualifies for taxation as a REIT, it generally will not be subject to federal corporate income tax on that portion of its REIT taxable income that it distributes to its stockholders. Even if the Company qualifies for taxation as a REIT, it may be subject to certain state and local taxes on its income, property tax and federal income and excise taxes on its undistributed income. The Company's hotels are leased to a taxable REIT subsidiary ("TRS") which is a wholly owned subsidiary of the OP. The TRS is subject to federal, state and local income taxes.
Earnings/ Loss per Share	'
	Earnings/Loss per Share
	The Company calculates basic income or loss per share by dividing net income or loss for the period by the weighted-average shares of its common stock outstanding for a respective period. Diluted income per share takes into account the effect of dilutive instruments, such as stock options and unvested stock awards, except when doing so would be anti-dilutive.
Advertising Costs	'
	Advertising Costs
	The Company expenses advertising costs as incurred.
Allowance for Doubtful Accounts	'
	Allowance for Doubtful Accounts
	Receivables consist principally of trade receivables from customers and are generally unsecured and are due within 30 to 90 days. The Company records a provision for uncollectible accounts using the allowance method. Expected credit losses associated with trade receivables are recorded as an allowance for doubtful accounts. The allowance for doubtful accounts is estimated based upon historical patterns of credit losses for aged receivables as well as specific provisions for certain identifiable, potentially uncollectible balances. When internal collection efforts on accounts have been exhausted, the accounts are written off and the associated allowance for doubtful accounts is reduced.
Reportable Segments	'
	Reportable Segments
	The Company has determined that it has one reportable segment, with activities related to investing in real estate. The Company’s investments in real estate generate room revenue and other income through the operation of the properties, which comprise 100% of the total consolidated/combined revenues. Management evaluates the operating performance of the Company’s investments in real estate on an individual property level, none of which represent a reportable segment.
Recently Issued Accounting Pronouncements	'
	Recently Issued Accounting Pronouncements
	In April 2014, the Financial Accounting Standards Board ("FASB") issued Accounting Standards Update ("ASU") 2014-08 Presentation of Financial Statements (Topic 205) and Property, Plant and Equipment (Topic 360) - Reporting Discontinued Operations and Disclosure of Disposal of Components of an Entity. Under this standard, a disposal of a component of an entity or a group of components of an entity is required to be reported in discontinued operations only if the disposal represents a strategic shift that has, or will have, a major effect on an entity’s operations and financial results. In addition, it requires an entity to present, for each comparative period, the assets and liabilities of a disposal group that includes a discontinued operation separately in the asset and liability sections, respectively, of the statement of financial position. As a result, the operations of sold properties through the date of their disposal will be included in continuing operations, unless the sale represents a strategic shift. However, the gain or loss on the sale of a property will be reported separately below income from continuing operations. The Company adopted this ASU as of January 1, 2014. No prior year restatements are permitted for this change in policy. For purposes of earnings per share calculation, beginning in 2014 gains and losses on property sales will be included in continuing operations.
	On May 28, 2014, the FASB issued ASU 2014-09 Revenue from Contracts with Customers ("ASU 2014-09"), which requires an entity to recognize the amount of revenue to which it expects to be entitled for the transfer of promised goods or services to customers. ASU 2014-09 will replace most existing revenue recognition guidance in GAAP when it becomes effective. The new standard is effective for the Company on January 1, 2017. Early application is not permitted. The standard permits the use of either the retrospective or cumulative effect transition method. The Company is evaluating the effect that ASU 2014-09 will have on its consolidated financial statements and related disclosures. The Company has not yet selected a transition method nor has it determined the effect of the standard on its ongoing financial reporting.
	In August 2014, the FASB issued ASU 2014-15 Disclosure of Uncertainties about an Entity’s Ability to Continue as a Going Concern (“ASU 2014-15”), which describes how an entity should assess its ability to meet obligations and sets rules for how this information should be disclosed in the financial statements. The standard provides accounting guidance that will be used along with existing auditing standards. The adoption of ASU 2014-15 becomes effective for the Company on its fiscal year ending December 31, 2016, and all subsequent annual and interim periods. Early adoption is permitted. The adoption of ASU 2014-15 is not expected to have a material effect on the Company's consolidated financial statements.

Summary_of_Significant_Account2

Summary of Significant Accounting Policies (Tables)	9 Months Ended
	Sep. 30, 2014
Accounting Policies [Abstract]	'
Schedule of Accounts, Notes, Loans and Financing Receivable	'
	Trade receivable balances, net of the allowance for doubtful accounts, are included in prepaid expenses and other assets in the accompanying condensed consolidated/combined balance sheets, and are as follows (in thousands):
		Successor			Predecessor
		September 30, 2014			December 31, 2013
	Trade receivables	$	1,188		$	788
	Allowance for doubtful accounts	(40		)	(26		)
	Trade receivables, net of allowance	$	1,148		$	762

Real_Estate_Investments_Tables

Real Estate Investments (Tables)	9 Months Ended
	Sep. 30, 2014
Business Combinations [Abstract]	'
Schedule of Business Acquisitions	'
	The following table presents the allocation of the assets acquired and liabilities assumed by the Company as of March 21, 2014 (in thousands):
		Successor
	Assets acquired and liabilities assumed	As of March 21, 2014
	Land	$	12,308
	Buildings and improvements	79,192
	Below-market lease obligation	8,400
	Furniture, fixtures and equipment	5,220
	Restricted cash	619
	Investment in unconsolidated entities	5,380
	Prepaid expenses and other assets	2,314
	Accounts payable and accrued expenses	(1,469		)
	Total operating assets acquired, net	111,964
	Contingent consideration on acquisition	(4,100		)
	Seller financing of real estate investments	(58,074		)
	Seller financing of investment in unconsolidated entities	(5,000		)
	Deferred consideration	(3,400		)
	Total assets acquired, net	$	41,390

Variable_Interest_Entities_and1

Variable Interest Entities and Investments in Unconsolidated Entities (Tables)	9 Months Ended
	Sep. 30, 2014
Variable Interest Entities and Investments in Unconsolidated Affiliates [Abstract]	'
Schedule of Variable Interest Entities	'
	The Company’s and Predecessor's investments in unconsolidated entities as of September 30, 2014 and December 31, 2013, respectively, consist of the following (in thousands):
				Investment in Partnership									Income (Loss)
				Successor					Predecessor				Successor					Predecessor				Successor				Predecessor
	Partnership	Ownership Interest		September 30, 2014					December 31, 2013				Three Months Ended September 30, 2014					Three Months Ended September 30, 2013				For the Period from March 21 to September 30, 2014				For the Period from January 1 to March 20, 2014			Nine Months Ended September 30, 2013
	HGI Blacksburg JV	24	%	$	1,614				$	893			$	77				$	58			$	94			$	(35	)	$	43
	Westin Virginia Beach JV	30.53	%	6,116					3,488				184					77				2,513				(131		)	59
	Total			$	7,730				$	4,381			$	261				$	135			$	2,607			$	(166	)	$	102
	Below are the condensed statements of operations for the Westin Virginia Beach JV for the three months ended September 30, 2014 and 2013 and for the period from January 1 to March 20, 2014, for the period from March 21 to September 30, 2014 and for the nine months ended September 30, 2013 (in thousands):
		Successor				Predecessor				Successor					Predecessor
		Three Months Ended September 30, 2014				Three Months Ended September 30, 2013				For the Period from March 21 to September 30, 2014					For the Period from January 1 to March 20, 2014				Nine Months Ended September 30, 2013
	Hotel revenue	$	3,737			$	3,167			$	7,246				$	2,070			$	8,616
	Operating income (loss)	993				830				1,655					(67		)		1,470
	Interest income	—				1				—					—				2
	Interest expense	(280		)		(372		)		(714		)			(304		)		(1,074		)
	Forgiveness of debt	—				—				7,522					—				—
	Net income (loss)	$	713			$	459			$	8,463				$	(371	)		$	398
	Company's share of net income (loss)	217				139				2,583					(113		)		121
	Additional amortization expense (1)	(33		)		(62		)		(70		)			(18		)		(62		)
	Company's share of net income (loss)	$	184			$	77			$	2,513				$	(131	)		$	59
	_________________________________________________________________________
	(1) Amortization of the purchase price of the Predecessor’s original interest in the Westin Virginia Beach JV, less the Predecessor’s share of the partnership’s deficit, which resulted in a basis difference of $3.4 million and the Company’s original interest in the Westin Virginia Beach JV, less the Company's share of the partnership’s deficit, which resulted in a basis difference of $3.4 million.
	The maximum exposure to loss as a result of the Company’s and Predecessor's investments in unconsolidated entities as of September 30, 2014 and December 31, 2013, respectively, is as follows (in thousands)(1):
		Partnership Loan Balance									Investment in Partnership									Partnership Maximum Exposure to Loss
		Successor					Predecessor				Successor					Predecessor				Successor				Predecessor
	Partnership	30-Sep-14					December 31, 2013				September 30, 2014					December 31, 2013				September 30, 2014				December 31, 2013
	HGI Blacksburg JV	$	10,213				$	10,663			$	1,614				$	893			$	11,827			$	11,556
	Westin Virginia Beach JV	20,611					26,576				6,116					3,488				26,727				30,064
	Total	$	30,824				$	37,239			$	7,730				$	4,381			$	38,554			$	41,620
	______________________________________________________________________________________________
	(1) Represents the Company's maximum exposure to loss at each unconsolidated entity should the loss be caused by the Company. As a result of the Blacksburg Payment Guaranty, the Blacksburg Cross Indemnity, the Westin Virginia Beach Non-Recourse Carve-out Guaranty and the Westin Virginia Beach Cross Indemnity, the Company and Predecessor have a maximum exposure to loss of the outstanding loan balance at the entity as well as their investment in the entity.
	Below are the condensed statements of operations for the HGI Blacksburg JV for the three months ended September 30, 2014 and 2013 and for the period from January 1 to March 20, 2014, for the period from March 21 to September 30, 2014 and for the nine months ended September 30, 2013 (in thousands):
		Successor				Predecessor				Successor					Predecessor
		Three Months Ended September 30, 2014				Three Months Ended September 30, 2013				For the Period from March 21 to September 30, 2014					For the period from January 1 to March 20, 2014				Nine Months Ended September 30, 2013
	Hotel revenue	$	1,511			$	1,348			$	2,853				$	687			$	3,424
	Operating income (loss)	460				359				686					(47		)		587
	Interest expense	(109		)		(116		)		(232		)			(97		)		(409		)
	Net income (loss)	$	351			$	243			$	454				$	(144	)		$	178
	Company's share of net income (loss)	84				58				109					(35		)		43
	Additional amortization expense (1)	(7		)		—				(15		)			—				—
	Company's share of net income (loss)	$	77			$	58			$	94				$	(35	)		$	43
	____________________________________________________________________________
	(1) Amortization of the purchase price of the Company’s original interest in the HGI Blacksburg JV, less the Company's share of the partnership’s deficit, which resulted in a basis difference of $0.7 million.

Leases_Tables

Leases (Tables)	9 Months Ended
	Sep. 30, 2014
Leases [Abstract]	'
Schedule of Future Minimum Lease Payments for Operating Leases	'
	The future minimum rental commitments for the Georgia Tech Hotel are as follows (in thousands):
		Minimum Rental Commitments		Amortization of Lease Intangible to Rent Expense
	October 1, 2014 - December 31, 2014	$	1,100	$	106
	Year ended December 31, 2015	4,400		433
	Year ended December 31, 2016	4,400		433
	Year ended December 31, 2017	4,400		433
	Year ended December 31, 2018	4,400		433
	Thereafter	64,533		6,328
	Total	$	83,233	$	8,166

Mortgage_Notes_Payable_Tables

Mortgage Notes Payable (Tables)	9 Months Ended
	Sep. 30, 2014
Debt Disclosure [Abstract]	'
Schedule of Long-term Debt Instruments	'
	The Company’s and the Predecessor's mortgage note payable as of September 30, 2014 and December 31, 2013 consist of the following, respectively (in thousands):
	Successor
		Outstanding Mortgage Note Payable
	Encumbered Properties	30-Sep-14		Interest Rate	Payment	Maturity
	Baltimore Courtyard & Providence Courtyard	$	45,500	4.30%	Interest Only, Principal paid at Maturity	Apr-19
	Predecessor
		Outstanding Mortgage Note Payable
	Encumbered Properties	December 31, 2013		Interest Rate	Payment	Maturity
	Baltimore Courtyard & Providence Courtyard	$	41,449	4.55% plus the greater	Principal	January
				of (i) three-month	and	2016
				LIBOR or (ii) a	Interest
				LIBOR floor of
				0.50%(1)
	______________________________________________________________________________________________
	(1) 5.05% at December 31, 2013

Promissory_Notes_Payable_Table

Promissory Notes Payable (Tables)	9 Months Ended
	Sep. 30, 2014
Debt Disclosure [Abstract]	'
Schedule of Promissory Notes	'
	The Company’s promissory notes payable as of September 30, 2014 are as follows (in thousands):
		Outstanding Promissory Notes Payable
	Use of Proceeds	30-Sep-14		Interest Rate		Payment	Maturity
	Barceló acquisition	$	63,074	6.8	%	Interest Only	See below
	Property improvement plan	1,775		4.5	%	Interest Only	Mar-19
	Grace Acquisition deposit	—		6	%	Interest Only	May-15

Accounts_Payable_and_Accrued_E1

Accounts Payable and Accrued Expenses (Tables)	9 Months Ended
	Sep. 30, 2014
Payables and Accruals [Abstract]	'
Schedule of Accounts Payable and Accrued Liabilities	'
	The following is a summary of the components of accounts payable and accrued expenses (in thousands):
		Successor		Predecessor
		September 30, 2014		December 31, 2013
	Other accounts payable and accrued expenses	$	7,244	$	2,745
	Contingent consideration from acquisition	4,383		—
	Deferred payment for acquisition	3,470		—
	Accrued salaries and related liabilities	1,199		819
	Georgia Tech Hotel lease obligation	—		1,733
	Total	$	16,296	$	5,297

Fair_Value_Measurements_Tables

Fair Value Measurements (Tables)	9 Months Ended
	Sep. 30, 2014
Fair Value Disclosures [Abstract]	'
Fair Value, by Balance Sheet Grouping	'
	The following table shows the carrying values and the fair values of material non-current liabilities that qualify as financial instruments, determined in accordance with the authoritative guidance for disclosures about fair value of financial instruments (in thousands):
		Successor				Predecessor
		September 30, 2014				December 31, 2013
		Carrying Amount		Fair Value		Carrying Amount		Fair Value
	Mortgage note payable	$	45,500	$	45,044	$	41,449	$	38,921
	Promissory notes payable	64,849		64,849		—		—
	Contingent consideration on acquisition	4,383		4,383		—		—
	Deferred consideration	3,470		3,470		—		—
	Total	$	118,202	$	117,746	$	41,449	$	38,921

Related_Party_Transactions_and1

Related Party Transactions and Arrangements (Tables)	9 Months Ended
	Sep. 30, 2014
Related Party Transactions [Abstract]	'
Schedule of Related Party Transactions	'
	The table below shows the fees incurred from and payable to the Dealer Manager for the Offering during the three and nine months ended September 30, 2014 and 2013, respectively, and the associated payable as of September 30, 2014 and December 31, 2013, which is recorded in due to affiliates on the Company's condensed consolidated/combined balance sheets (in thousands):
		Three Months Ended				Nine Months Ended				Payable as of
		September 30,				September 30,
		2014		2013		2014		2013		30-Sep-14		31-Dec-13
	Total commissions and fees incurred from the Dealer Manager	$	9,926	$	—	$	11,763	$	—	$	179	$	—
	The table below depicts related party fees and reimbursements charged by the Dealer Manager and RCS Advisory in connection with the operations of the Company for the three and nine months ended September 30, 2014 and 2013, respectively, and the associated payable as of September 30, 2014 and December 31, 2013 (in thousands):
		Three Months Ended				Nine Months Ended				Payable as of
		September 30,				September 30,
		2014		2013		2014		2013		30-Sep-14		31-Dec-13
	Transaction fees and expenses	$	2,160	$	—	$	3,170	$	—	$	2,545	$	—
	Advisory and investment banking fee	115		—		345		—		—		—
	Total related party fees and reimbursements	$	2,275	$	—	$	3,515	$	—
	The table below shows the management fees and reimbursable expenses incurred by the Company during the three and nine months ended September 30, 2014 and the associated payable, which is recorded in due to affiliates on the Company's condensed consolidated/combined balance sheets, as of September 30, 2014 and by the Predecessor for the three and nine months ended September 30, 2013 and the associated payable as of December 31, 2013, which is recorded in accounts payable and accrued expenses on the Predecessor's condensed consolidated/combined balance sheets (in thousands):
		Three Months Ended				Nine Months Ended				Payable as of
		September 30,				September 30,
		2014		2013		2014		2013		30-Sep-14		31-Dec-13
	Total management fees and reimbursable expenses paid to Sub-Property Manager	$	673	$	608	$	2,160	$	1,953	$	228	$	168
	The table below depicts the acquisition and financing coordination fees charged by the Advisor in connection with the operations of the Company for the three and nine months ended September 30, 2014 and 2013, respectively, and the associated payable as of September 30, 2014 and December 31, 2013, which is recorded in due to affiliates on the Company's condensed consolidated/combined balance sheets (in thousands):
		Three Months Ended				Nine Months Ended				Payable as of
		September 30,				September 30,
		2014		2013		2014		2013		30-Sep-14		31-Dec-13
	Acquisition fees	$	—	$	—	$	1,598	$	—	$	1,598	$	—
	Financing coordination fees	—		—		815		—		815		—
		$	—	$	—	$	2,413	$	—	$	2,413	$	—
	The table below shows compensation and reimbursements incurred and payable to the Advisor and its affiliates for services relating to the Offering during the three and nine months ended September 30, 2014 and 2013, respectively, and the associated amounts payable as of September 30, 2014 and December 31, 2013, which is recorded in due to affiliates on the Company's condensed consolidated/combined balance sheets (in thousands):
		Three Months Ended				Nine Months Ended				Payable as of
		September 30,				September 30,
		2014		2013		2014		2013		30-Sep-14		31-Dec-13
	Total compensation and reimbursement for services provided by the Advisor and its affiliates	$	541	$	—	$	1,652	$	—	$	2,341	$	—

Subsequent_Events_Tables

Subsequent Events (Tables)	9 Months Ended
	Sep. 30, 2014
Subsequent Events [Abstract]	'
Schedule of Common Stock Offerings	'
	Total capital raised to date, including shares issued under the DRIP, is as follows (in thousands):
	Source of Capital	Inception to September 30, 2014		October 1, 2014 to October 31, 2014		Total
	Common stock	$	125,427	$	61,834	$	187,261

Organization_Details

Organization (Details) (USD $)

0 Months Ended

5 Months Ended

15 Months Ended

0 Months Ended

0 Months Ended

9 Months Ended

0 Months Ended

1 Months Ended

15 Months Ended

Feb. 03, 2014

Dec. 31, 2013

Sep. 30, 2014

Jan. 07, 2014

23-May-14

Sep. 30, 2014

Sep. 19, 2014

23-May-14

Dec. 15, 2014

Sep. 30, 2014

Jan. 07, 2014

Sep. 30, 2014

Jan. 07, 2014

Aug. 22, 2014

23-May-14

23-May-14

23-May-14

Sep. 30, 2014

23-May-14

23-May-14

23-May-14

23-May-14

Nov. 11, 2014

Oct. 31, 2014

Oct. 31, 2014

Nov. 11, 2014

23-May-14

hotel

The Grace Acquisition

The Grace Acquisition

The Grace Acquisition

The Grace Acquisition

The Grace Acquisition

Common Stock

Common Stock

Distribution Reinvestment Plan

Distribution Reinvestment Plan

Preferred equity interests

Preferred equity interests

Preferred equity interests

Preferred equity interests

American Realty Capital Hospitality Special Limited Partner, LLC

Secured Debt

Mezzanine Mortgage [Member]

London Interbank Offered Rate (LIBOR)

London Interbank Offered Rate (LIBOR)

Subsequent Event

Subsequent Event

Subsequent Event

Subsequent Event

Mezzanine Mortgage [Member]

hotel

Scenario, Forecast

The Grace Acquisition

The Grace Acquisition

The Grace Acquisition

The Grace Acquisition

The Grace Acquisition

The Grace Acquisition

Secured Debt

Mezzanine Mortgage [Member]

The Grace Acquisition

Secured Debt

Minimum

Maximum

extension

The Grace Acquisition

The Grace Acquisition

hotel

The Grace Acquisition

hotel

Class of Stock [Line Items]

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Number of properties owned

'

'

6

'

'

'

'

126

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

116

'

Shares authorized (in shares)

'

'

'

80,000,000

'

'

'

'

'

'

'

'

21,052,631

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Par value (in dollars per share)

'

'

'

'

'

'

'

'

'

'

$0.01

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Share price (in dollars per share)

'

'

$22.50

'

'

'

'

'

'

$25

$25

$23.75

'

'

'

'

'

'

'

'

'

'

'

$25

$25

'

'

Maximum sale amount of shares

'

'

$2,000,000,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Share price as a percent of offering price

'

'

'

'

'

'

'

'

'

'

'

95.00%

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Subscriptions required to break escrow

2,000,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Common stock, outstanding (in shares)

'

'

5,053,290

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

7,500,000

7,500,000

'

'

Proceeds from issuance of common stock, net

'

200,000

125,427,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

61,834,000

187,261,000

'

'

Common stock outstanding

'

'

126,300,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Expected contributed capital

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

2,020

'

'

'

'

'

'

'

'

'

Operating partnership units (in shares)

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

90

'

'

'

'

'

'

'

'

'

Aggregate contract purchase price

'

'

'

'

1,925,000,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

1,808,000,000

'

'

'

'

Proceeds from issuance or sale of equity

'

'

'

'

271,000,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Proceeds from assumption of long-term debt

'

'

'

'

976,000,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Funding through additional mortgage and mezzanine financing

'

'

'

'

227,000,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Long term debt assumed

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

865,000,000

111,000,000

'

'

'

'

'

'

'

Basis spread on variable rate

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

3.11%

4.77%

'

'

'

'

'

Number of properties under loan

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

106

Number of one year extensions

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

3

'

'

'

'

'

'

'

Dividend rate per annum

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

7.50%

8.00%

'

'

'

'

'

'

'

'

'

'

Proceeds from Issuance of Preferred Limited Partners Units

'

'

'

'

'

'

'

'

'

'

'

'

'

'

451,000,000

'

'

'

'

'

'

'

'

'

'

'

'

Amount of repayment in full of currently outstanding unsecured obligations

'

'

'

'

'

'

'

'

'

'

'

'

'

'

63,100,000

'

'

'

'

'

'

'

'

'

'

'

'

Gross amounts of equity proceeds received by the company

'

'

'

'

'

'

'

'

'

'

'

'

'

100,000,000

150,000,000

'

'

'

'

'

'

'

'

'

'

'

'

Percentage of equity offering proceeds used to redeem the preferred equity interests at par

'

'

'

'

'

'

'

'

'

'

'

'

'

'

35.00%

'

'

'

'

'

'

'

'

'

'

'

'

Maximum amount equity offering proceeds to redeem preferred equity interests at par

'

'

'

'

'

'

'

'

'

'

'

'

'

'

350,000,000

'

'

'

'

'

'

'

'

'

'

'

'

Period for maximum equity offerings to redeem preferred equity interests at par

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'12 months

'

'

'

'

'

'

'

'

'

'

'

'

Percentage required to redeem preferred equity interests at the end of third year

'

'

'

'

'

'

'

'

'

'

'

'

'

'

50.00%

'

'

'

'

'

'

'

'

'

'

'

'

Percentage required to redeem preferred equity interests at the end of fourth year

'

'

'

'

'

'

'

'

'

'

'

'

'

'

100.00%

'

'

'

'

'

'

'

'

'

'

'

'

Earnest money deposit

'

'

'

'

'

$50,000,000

$25,000,000

$50,000,000

$25,000,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Summary_of_Significant_Account3

Summary of Significant Accounting Policies (Details) (USD $)	0 Months Ended	3 Months Ended		9 Months Ended			3 Months Ended		9 Months Ended	3 Months Ended	6 Months Ended
	Feb. 03, 2014	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Mar. 20, 2014	Sep. 30, 2013	Sep. 30, 2013	Mar. 20, 2014	Sep. 30, 2014
				segment		Sales Revenue, Net	Predecessor	Predecessor	Predecessor	Predecessor	Predecessor
										Barcelo Crestline Corp.	Barcelo Crestline Corp.
Summary of Significant Accounting Policies [Line Items]	'	'	'	'	'	'	'	'	'	'	'
Subscriptions required to break escrow	$2,000,000	'	'	'	'	'	'	'	'	'	'
Costs and expenses	'	'	'	'	'	'	697,000	458,000	1,596,000	0	200,000
Advertising expense	'	$100,000	$100,000	$300,000	$300,000	'	'	'	'	'	'
Number of reportable segments	'	'	'	1	'	'	'	'	'	'	'
Percentage of total consolidated/ combined revenues	'	'	'	'	'	100.00%	'	'	'	'	'

Summary_of_Significant_Account4

Summary of Significant Accounting Policies - Real Estate Investments (Details)	9 Months Ended
	Sep. 30, 2014
Building	'
Property, Plant and Equipment [Line Items]	'
Estimated useful life	'40 years
Land Improvements	'
Property, Plant and Equipment [Line Items]	'
Estimated useful life	'15 years
Furniture and Fixtures	'
Property, Plant and Equipment [Line Items]	'
Estimated useful life	'5 years

Summary_of_Significant_Account5

Summary of Significant Accounting Policies - Accounts Receivable (Details) (USD $)	Sep. 30, 2014	Dec. 31, 2013	Sep. 30, 2014	Sep. 30, 2014
In Thousands, unless otherwise specified	Successor	Predecessor	Minimum	Maximum
Accounts, Notes, Loans and Financing Receivable [Line Items]	'	'	'	'
Period after which receivables are due	'	'	'30 days	'90 days
Trade receivables	$1,188	$788	'	'
Allowance for doubtful accounts	-40	-26	'	'
Trade receivables, net of allowance	$1,148	$762	'	'

Real_Estate_Investments_Narrat

Real Estate Investments - Narrative (Details) (USD $)	Sep. 30, 2014	Mar. 21, 2014	Mar. 21, 2014
			Successor
Business Acquisition [Line Items]	'	'	'
Assets acquired	'	'	$111,964,000
Closing costs payable in 2015	'	3,000,000	'
Closing costs payable in 2016	'	500,000	'
Minimum equity raised from offering for contingent consideration	70,000,000	70,000,000	'
Contingent consideration on acquisition	'	'	4,100,000
Deferred consideration acquired	'	'	$3,400,000

Real_Estate_Investments_Detail

Real Estate Investments (Details) (Successor, USD $)	0 Months Ended
In Thousands, unless otherwise specified	Mar. 21, 2014
Successor	'
Assets acquired and liabilities assumed	'
Land	$12,308
Buildings and improvements	79,192
Below-market lease obligation	8,400
Furniture, fixtures and equipment	5,220
Restricted cash	619
Investment in unconsolidated entities	5,380
Prepaid expenses and other assets	2,314
Accounts payable and accrued expenses	-1,469
Total assets acquired	111,964
Contingent consideration on acquisition	-4,100
Seller financing of real estate investments	-58,074
Seller financing of investment in unconsolidated entities	-5,000
Deferred consideration	-3,400
Total assets acquired, net	$41,390

Variable_Interest_Entities_and2

Variable Interest Entities and Investments in Unconsolidated Entities (Details) (USD $)

3 Months Ended

9 Months Ended

3 Months Ended

9 Months Ended

5 Months Ended

9 Months Ended

5 Months Ended

9 Months Ended

3 Months Ended

9 Months Ended

0 Months Ended

6 Months Ended

Sep. 30, 2014

Sep. 30, 2013

Sep. 30, 2014

Sep. 30, 2013

Sep. 30, 2014

Sep. 30, 2013

Sep. 30, 2014

Sep. 30, 2013

Dec. 31, 2013

Sep. 30, 2014

Sep. 30, 2014

Dec. 31, 2013

Sep. 30, 2014

Mar. 20, 2014

Sep. 30, 2013

Dec. 31, 2013

Dec. 31, 2013

Apr. 17, 2008

Sep. 30, 2014

Dec. 31, 2013

Apr. 08, 2014

Apr. 08, 2014

Sep. 30, 2014

Sep. 30, 2014

Sep. 30, 2014

HGI Blacksburg JV

HGI Blacksburg JV

HGI Blacksburg JV

HGI Blacksburg JV

HGI Blacksburg JV

HGI Blacksburg JV

HGI Blacksburg JV

HGI Blacksburg JV

HGI Blacksburg JV

HGI Blacksburg JV

Westin Virginia Beach JV

Westin Virginia Beach JV

Westin Virginia Beach JV

Predecessor

Predecessor

Predecessor

Predecessor

Predecessor

Predecessor

Predecessor

Predecessor

Predecessor

Successor

Successor

Successor

guarantor

guarantor

HGI Blacksburg JV

HGI Blacksburg JV

Westin Virginia Beach JV

Westin Virginia Beach JV

Westin Virginia Beach JV

Westin Virginia Beach JV

HGI Blacksburg JV

Westin Virginia Beach JV

Loan

Loan

Notes Payable

Blacksburg Loan

West Virginia Beach Loan

Note C

Variable Interest Entity [Line Items]

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Ownership Interest

'

'

'

'

'

'

24.00%

'

24.00%

24.00%

30.53%

30.53%

30.53%

'

'

'

'

'

'

'

'

'

'

'

'

Amount of loan

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

$13,000,000

'

'

$20,700,000

'

'

'

'

Partnership Loan Balance

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

37,239,000

[1]

10,663,000

[1]

'

'

26,576,000

[1]

'

'

30,824,000

[1]

10,213,000

[1]

20,611,000

[1]

Number of guarantors on debt

'

'

'

'

4

'

4

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Loan guarantee percentage

'

'

'

'

100.00%

'

100.00%

'

'

'

'

'

'

'

'

'

'

'

100.00%

'

'

'

'

'

'

Repayments of note payable

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

7,000,000

'

'

'

Extinguishment of Debt, Amount

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

500,000

'

'

'

Amount of capital distribution

0

0

240,000

0

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Distribution from unconsolidated affiliates

'

'

'

'

$10,000

$0

'

$0

'

'

'

'

'

$0

$0

'

'

'

'

'

'

'

$257,000

'

'

[1]

Represents the Company's maximum exposure to loss at each unconsolidated entity should the loss be caused by the Company. As a result of the Blacksburg Payment Guaranty, the Blacksburg Cross Indemnity, the Westin Virginia Beach Non-Recourse Carve-out Guaranty and the Westin Virginia Beach Cross Indemnity, the Company and Predecessor have a maximum exposure to loss of the outstanding loan balance at the entity as well as their investment in the entity.

Variable_Interest_Entities_and3

Variable Interest Entities and Investments in Unconsolidated Entities - Investments in Unconsolidated Affiliates (Details) (USD $)	3 Months Ended				6 Months Ended		9 Months Ended
In Thousands, unless otherwise specified	Sep. 30, 2014		Mar. 20, 2014	Sep. 30, 2013	Sep. 30, 2014		Sep. 30, 2014		Sep. 30, 2013	Dec. 31, 2013
Successor	'		'	'	'		'		'	'
Schedule of Equity Method Investments [Line Items]	'		'	'	'		'		'	'
Investment in Partnership	$7,730	[1]	'	'	$7,730	[1]	$7,730	[1]	'	'
Income (Loss)	261		'	'	2,607		'		'	'
Predecessor	'		'	'	'		'		'	'
Schedule of Equity Method Investments [Line Items]	'		'	'	'		'		'	'
Investment in Partnership	'		'	'	'		'		'	4,381	[1]
Income (Loss)	'		-166	135	'		'		102	'
HGI Blacksburg JV	'		'	'	'		'		'	'
Schedule of Equity Method Investments [Line Items]	'		'	'	'		'		'	'
Ownership Interest	'		'	'	'		24.00%		'	'
Investment in Partnership	1,614		'	'	1,614		1,614		'	893
Income (Loss)	77		-35	58	94		'		43	'
HGI Blacksburg JV | Successor	'		'	'	'		'		'	'
Schedule of Equity Method Investments [Line Items]	'		'	'	'		'		'	'
Investment in Partnership	1,614	[1]	'	'	1,614	[1]	1,614	[1]	'	'
HGI Blacksburg JV | Predecessor	'		'	'	'		'		'	'
Schedule of Equity Method Investments [Line Items]	'		'	'	'		'		'	'
Investment in Partnership	'		'	'	'		'		'	893	[1]
Westin Virginia Beach JV	'		'	'	'		'		'	'
Schedule of Equity Method Investments [Line Items]	'		'	'	'		'		'	'
Ownership Interest	'		'	'	'		30.53%		'	'
Investment in Partnership	6,116		'	'	6,116		6,116		'	3,488
Income (Loss)	184		-131	77	2,513		'		59	'
Westin Virginia Beach JV | Successor	'		'	'	'		'		'	'
Schedule of Equity Method Investments [Line Items]	'		'	'	'		'		'	'
Investment in Partnership	6,116	[1]	'	'	6,116	[1]	6,116	[1]	'	'
Westin Virginia Beach JV | Predecessor	'		'	'	'		'		'	'
Schedule of Equity Method Investments [Line Items]	'		'	'	'		'		'	'
Investment in Partnership	'		'	'	'		'		'	$3,488	[1]
[1]	Represents the Company's maximum exposure to loss at each unconsolidated entity should the loss be caused by the Company. As a result of the Blacksburg Payment Guaranty, the Blacksburg Cross Indemnity, the Westin Virginia Beach Non-Recourse Carve-out Guaranty and the Westin Virginia Beach Cross Indemnity, the Company and Predecessor have a maximum exposure to loss of the outstanding loan balance at the entity as well as their investment in the entity.

Variable_Interest_Entities_and4

Variable Interest Entities and Investments in Unconsolidated Entities - VIE's (Details) (USD $)	Sep. 30, 2014		Dec. 31, 2013
In Thousands, unless otherwise specified
Successor	'		'
Variable Interest Entity [Line Items]	'		'
Partnership Loan Balance	$30,824	[1]	'
Investment in Partnership	7,730	[1]	'
Partnership Maximum Exposure to Loss	38,554	[1]	'
Predecessor	'		'
Variable Interest Entity [Line Items]	'		'
Partnership Loan Balance	'		37,239	[1]
Investment in Partnership	'		4,381	[1]
Partnership Maximum Exposure to Loss	'		41,620	[1]
HGI Blacksburg JV	'		'
Variable Interest Entity [Line Items]	'		'
Investment in Partnership	1,614		893
HGI Blacksburg JV | Successor	'		'
Variable Interest Entity [Line Items]	'		'
Partnership Loan Balance	10,213	[1]	'
Investment in Partnership	1,614	[1]	'
Partnership Maximum Exposure to Loss	11,827	[1]	'
HGI Blacksburg JV | Predecessor	'		'
Variable Interest Entity [Line Items]	'		'
Partnership Loan Balance	'		10,663	[1]
Investment in Partnership	'		893	[1]
Partnership Maximum Exposure to Loss	'		11,556	[1]
Westin Virginia Beach JV	'		'
Variable Interest Entity [Line Items]	'		'
Investment in Partnership	6,116		3,488
Westin Virginia Beach JV | Successor	'		'
Variable Interest Entity [Line Items]	'		'
Partnership Loan Balance	20,611	[1]	'
Investment in Partnership	6,116	[1]	'
Partnership Maximum Exposure to Loss	26,727	[1]	'
Westin Virginia Beach JV | Predecessor	'		'
Variable Interest Entity [Line Items]	'		'
Partnership Loan Balance	'		26,576	[1]
Investment in Partnership	'		3,488	[1]
Partnership Maximum Exposure to Loss	'		$30,064	[1]
[1]	Represents the Company's maximum exposure to loss at each unconsolidated entity should the loss be caused by the Company. As a result of the Blacksburg Payment Guaranty, the Blacksburg Cross Indemnity, the Westin Virginia Beach Non-Recourse Carve-out Guaranty and the Westin Virginia Beach Cross Indemnity, the Company and Predecessor have a maximum exposure to loss of the outstanding loan balance at the entity as well as their investment in the entity.

Variable_Interest_Entities_and5

Variable Interest Entities and Investments in Unconsolidated Entities - BSE/AH BLACKSBURG HOTEL, LLC (Details) (USD $)

3 Months Ended

6 Months Ended

3 Months Ended

9 Months Ended

3 Months Ended

6 Months Ended

3 Months Ended

9 Months Ended

3 Months Ended

6 Months Ended

Mar. 20, 2014

Sep. 30, 2014

Mar. 20, 2014

Sep. 30, 2013

Sep. 30, 2013

Sep. 30, 2014

Sep. 30, 2014

Sep. 30, 2014

Mar. 20, 2014

Sep. 30, 2013

Sep. 30, 2013

Sep. 30, 2014

Sep. 30, 2014

Predecessor

Predecessor

Predecessor

Successor

Successor

HGI Blacksburg JV

HGI Blacksburg JV

HGI Blacksburg JV

HGI Blacksburg JV

HGI Blacksburg JV

HGI Blacksburg JV

Predecessor

Predecessor

Predecessor

Successor

Successor

Variable Interest Entity [Line Items]

'

'

'

'

'

'

'

'

'

'

'

'

'

Hotel revenue

'

'

$6,026,000

$8,362,000

$23,326,000

$8,954,000

$18,462,000

'

$687,000

$1,348,000

$3,424,000

$1,511,000

$2,853,000

Operating income (loss)

'

'

'

'

'

'

'

'

-47,000

359,000

587,000

460,000

686,000

Interest expense

'

'

-531,000

-593,000

-1,698,000

-2,070,000

-4,313,000

'

-97,000

-116,000

-409,000

-109,000

-232,000

Net income (loss)

-605,000

-8,913,000

-605,000

468,000

475,000

-3,549,000

-8,913,000

'

-144,000

243,000

178,000

351,000

454,000

Company's share of net income (loss)

'

'

-166,000

135,000

102,000

261,000

2,607,000

'

-35,000

58,000

43,000

84,000

109,000

Additional amortization expense

'

'

'

'

'

'

'

'

0

[1]

0

[1]

0

[1]

-7,000

[1]

-15,000

[1]

Company's share of net income (loss)

'

'

'

'

'

'

'

'

-35,000

58,000

43,000

77,000

94,000

Difference in basis

'

'

'

'

'

'

'

$700,000

'

'

'

'

'

[1]

Amortization of the purchase price of the Companybs original interest in the HGI Blacksburg JV, less the Company's share of the partnershipbs deficit, which resulted in a basis difference of $0.7 million.

Variable_Interest_Entities_and6

Variable Interest Entities and Investments in Unconsolidated Entities - TCA Block 7, LLC (Details) (USD $)

3 Months Ended

6 Months Ended

3 Months Ended

6 Months Ended

3 Months Ended

9 Months Ended

3 Months Ended

6 Months Ended

3 Months Ended

9 Months Ended

Mar. 20, 2014

Sep. 30, 2014

Sep. 30, 2014

Sep. 30, 2014

Mar. 20, 2014

Sep. 30, 2013

Sep. 30, 2013

Sep. 30, 2014

Sep. 30, 2014

Sep. 30, 2014

Mar. 20, 2014

Sep. 30, 2013

Sep. 30, 2013

Successor

Successor

Predecessor

Predecessor

Predecessor

Westin Virginia Beach JV

Westin Virginia Beach JV

Westin Virginia Beach JV

Westin Virginia Beach JV

Westin Virginia Beach JV

Westin Virginia Beach JV

Successor

Successor

Predecessor

Predecessor

Predecessor

Variable Interest Entity [Line Items]

'

'

'

'

'

'

'

'

'

'

'

'

'

Hotel revenue

'

'

$8,954,000

$18,462,000

$6,026,000

$8,362,000

$23,326,000

'

$3,737,000

$7,246,000

$2,070,000

$3,167,000

$8,616,000

Operating income (loss)

'

'

'

'

'

'

'

'

993,000

1,655,000

-67,000

830,000

1,470,000

Interest income

'

'

'

'

'

'

'

'

0

0

0

1,000

2,000

Interest expense

'

'

-2,070,000

-4,313,000

-531,000

-593,000

-1,698,000

'

-280,000

-714,000

-304,000

-372,000

-1,074,000

Forgiveness of debt

'

'

'

'

'

'

'

'

0

7,522,000

0

0

0

Net income (loss)

-605,000

-8,913,000

-3,549,000

-8,913,000

-605,000

468,000

475,000

'

713,000

8,463,000

-371,000

459,000

398,000

Company's share of net income (loss)

'

'

261,000

2,607,000

-166,000

135,000

102,000

'

217,000

2,583,000

-113,000

139,000

121,000

Additional amortization expense

'

'

'

'

'

'

'

'

-33,000

[1]

-70,000

[1]

-18,000

[1]

-62,000

[1]

-62,000

[1]

Company's share of net income (loss)

'

'

'

'

'

'

'

'

184,000

2,513,000

-131,000

77,000

59,000

Difference in basis

'

'

'

'

'

'

'

$3,400,000

'

'

'

'

'

[1]

Amortization of the purchase price of the Predecessorbs original interest in the Westin Virginia Beach JV, less the Predecessorbs share of the partnershipbs deficit, which resulted in a basis difference of $3.4 million and the Companybs original interest in the Westin Virginia Beach JV, less the Company's share of the partnershipbs deficit, which resulted in a basis difference of $3.4 million.

Leases_Details

Leases (Details) (USD $)	9 Months Ended	3 Months Ended	6 Months Ended	3 Months Ended		9 Months Ended	3 Months Ended	9 Months Ended
In Thousands, unless otherwise specified	Sep. 30, 2014	Sep. 30, 2014	Sep. 30, 2014	Mar. 20, 2014	Sep. 30, 2013	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2014
		Successor	Successor	Predecessor	Predecessor	Predecessor	Georgia Tech Hotel	Georgia Tech Hotel
Operating Leased Assets [Line Items]	'	'	'	'	'	'	'	'
Initial lease term	'30 years	'	'	'	'	'	'	'
Lease extension term	'10 years	'	'	'	'	'	'	'
Rent	'	$1,311	$2,664	$933	$1,098	$3,234	$100	$200

Leases_Future_Minimum_Lease_Pa

Leases - Future Minimum Lease Payments (Details) (USD $)	Sep. 30, 2014
In Thousands, unless otherwise specified
Minimum Rental Commitments	'
October 1, 2014 - December 31, 2014	$1,100
Year ended December 31, 2015	4,400
Year ended December 31, 2016	4,400
Year ended December 31, 2017	4,400
Year ended December 31, 2018	4,400
Thereafter	64,533
Total	83,233
Amortization of Lease Intangible to Rent Expense	'
October 1, 2014 - December 31, 2014	106
Year ended December 31, 2015	433
Year ended December 31, 2016	433
Year ended December 31, 2017	433
Year ended December 31, 2018	433
Thereafter	6,328
Total	$8,166

Mortgage_Notes_Payable_Details

- Mortgage Notes Payable (Details) (USD $)	Sep. 30, 2014	Sep. 30, 2014	Dec. 31, 2013	Dec. 31, 2013		Dec. 31, 2013
In Thousands, unless otherwise specified	Successor	Successor	Predecessor	Predecessor		Predecessor
		Mortgage note payable		Mortgage note payable		Mortgage note payable
						London Interbank Offered Rate (LIBOR)
Debt Instrument [Line Items]	'	'	'	'		'
Mortgage note payable	$45,500	$45,500	$41,449	$41,449		'
Interest Rate (percent)	'	4.30%	'	'		'
Basis spread on variable rate	'	'	'	4.55%	[1]	'
LIBOR floor	'	'	'	'		0.50%	[1]
Rate at year end	'	'	'	5.05%		'
[1]	5.05% at DecemberB 31, 2013

Mortgage_Notes_Payable_Narrati

Mortgage Notes Payable - Narrative (Details) (USD $)	3 Months Ended	6 Months Ended	3 Months Ended		9 Months Ended
	Sep. 30, 2014	Sep. 30, 2014	Mar. 20, 2014	Sep. 30, 2013	Sep. 30, 2013
	Successor	Successor	Predecessor	Predecessor	Predecessor
Debt Instrument [Line Items]	'	'	'	'	'
Interest expense	$500,000	$1,100,000	$500,000	$500,000	$1,500,000

Promissory_Notes_Payable_Detai

Promissory Notes Payable (Details) (USD $)

Sep. 30, 2014

Mar. 21, 2014

Sep. 30, 2014

Sep. 30, 2013

Sep. 30, 2014

Sep. 30, 2013

Sep. 30, 2014

Sep. 30, 2014

Sep. 30, 2014

Sep. 30, 2014

Sep. 30, 2014

Sep. 30, 2014

Sep. 30, 2014

Sep. 19, 2014

23-May-14

Sep. 30, 2014

Promissory notes payable

Promissory notes payable

Promissory notes payable

Promissory notes payable

Successor

Successor

Successor

Successor

Successor

Successor

The Grace Acquisition

The Grace Acquisition

The Grace Acquisition

The Grace Acquisition

Promissory notes payable

Promissory notes payable

Promissory notes payable

Promissory notes payable

BarcelC3 acquisition

Property improvement plan

Grace Acquisition Deposit

Debt Instrument [Line Items]

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Promissory notes payable

'

'

'

'

'

'

$64,849,000

$64,849,000

$64,849,000

$63,074,000

$1,775,000

$0

'

'

'

'

Interest Rate (percent)

'

'

'

'

'

'

'

'

'

6.80%

4.50%

6.00%

'

'

'

'

Minimum common equity raised requirement for ten day maturity of notes

'

'

150,000,000

'

150,000,000

'

'

'

'

'

'

'

'

'

'

'

Minimum equity raised from offering for contingent consideration

70,000,000

70,000,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Earnest money deposit

'

'

'

'

'

'

'

'

'

'

'

'

50,000,000

25,000,000

50,000,000

45,000,000

Repayment of affiliate note payable used to fund acquisition deposit

'

'

'

'

'

'

'

40,500,000

40,500,000

'

'

'

'

'

'

'

Interest expense

'

'

$1,300,000

$0

$2,500,000

$0

$500,000

$1,100,000

'

'

'

'

'

'

'

'

Accounts_Payable_and_Accrued_E2

Accounts Payable and Accrued Expenses (Details) (USD $)	Sep. 30, 2014	Dec. 31, 2013
In Thousands, unless otherwise specified	Successor	Predecessor
Accounts Payable and Accrued Expenses [Line Items]	'	'
Other accounts payable and accrued expenses	$7,244	$2,745
Contingent consideration from acquisition	4,383	0
Deferred payment for acquisition	3,470	0
Accrued salaries and related liabilities	1,199	819
Georgia Tech Hotel lease obligation	0	1,733
Accounts Payable and Accrued Liabilities	$16,296	$5,297

Common_Stock_Details

Common Stock (Details) (USD $)

0 Months Ended

5 Months Ended

15 Months Ended

6 Months Ended

12 Months Ended

15 Months Ended

9 Months Ended

9 Months Ended

In Thousands, except Share data, unless otherwise specified

Feb. 03, 2014

Dec. 31, 2013

Sep. 30, 2014

Sep. 30, 2014

Dec. 31, 2013

Sep. 30, 2014

Mar. 20, 2014

Sep. 30, 2014

Sep. 30, 2014

Sep. 30, 2014

Sep. 30, 2014

Sep. 30, 2014

Sep. 30, 2014

Sep. 30, 2014

Common Stock

Common Stock

Common Stock

Common Stock

Share Repurchase Program

One Year

Two Years

Three Years

Four Years

Four Months

Restricted Unvested Common Stock

Share Repurchase Program

Share Repurchase Program

Share Repurchase Program

Share Repurchase Program

Share Repurchase Program

Class of Stock [Line Items]

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Common stock, outstanding (in shares)

'

'

5,053,290

5,053,290

8,888

5,053,290

114,497

'

'

'

'

'

'

8,888

Proceeds from issuance of common stock, net

'

$200

$125,427

'

'

'

'

'

'

'

'

'

'

'

Dividends declared per day (in dollars per share)

$0.00

'

'

'

'

'

'

'

'

'

'

'

'

'

Dividends declared per share (in dollars per share)

$1.70

'

'

'

'

'

'

'

'

'

'

'

'

'

Share price (in dollars per share)

'

'

$22.50

'

'

'

'

'

$23.13

$23.75

$24.38

$25

'

'

Share repurchase price maximum percent of price paid (percent)

'

'

'

'

'

'

'

'

92.50%

95.00%

97.50%

100.00%

'

'

Short-term trading fee (percent)

'

'

'

'

'

'

'

'

'

'

'

'

2.00%

'

Maximum percentage of shares authorized to repurchase during year (percent)

'

'

'

'

'

'

'

5.00%

'

'

'

'

'

'

Common stock issued through Distribution Reinvestment Plan (in shares)

'

'

'

12,653

0

12,653

'

'

'

'

'

'

'

'

Fair_Value_Measurements_Detail

Fair Value Measurements (Details) (Fair Value, Inputs, Level 3, USD $)	Sep. 30, 2014	Dec. 31, 2013
In Thousands, unless otherwise specified
Successor | Fair Value	'	'
Fair Value, Investments, Entities that Calculate Net Asset Value Per Share [Line Items]	'	'
Debt, fair value	$117,746	'
Predecessor | Carrying Amount	'	'
Fair Value, Investments, Entities that Calculate Net Asset Value Per Share [Line Items]	'	'
Debt, fair value	118,202	41,449
Predecessor | Fair Value	'	'
Fair Value, Investments, Entities that Calculate Net Asset Value Per Share [Line Items]	'	'
Debt, fair value	'	38,921
Mortgage note payable | Successor | Fair Value	'	'
Fair Value, Investments, Entities that Calculate Net Asset Value Per Share [Line Items]	'	'
Debt, fair value	45,044	'
Mortgage note payable | Predecessor | Carrying Amount	'	'
Fair Value, Investments, Entities that Calculate Net Asset Value Per Share [Line Items]	'	'
Debt, fair value	45,500	41,449
Mortgage note payable | Predecessor | Fair Value	'	'
Fair Value, Investments, Entities that Calculate Net Asset Value Per Share [Line Items]	'	'
Debt, fair value	'	38,921
Promissory notes payable | Successor | Fair Value	'	'
Fair Value, Investments, Entities that Calculate Net Asset Value Per Share [Line Items]	'	'
Debt, fair value	64,849	'
Promissory notes payable | Predecessor | Carrying Amount	'	'
Fair Value, Investments, Entities that Calculate Net Asset Value Per Share [Line Items]	'	'
Debt, fair value	64,849	0
Promissory notes payable | Predecessor | Fair Value	'	'
Fair Value, Investments, Entities that Calculate Net Asset Value Per Share [Line Items]	'	'
Debt, fair value	'	0
Contingent consideration on acquisition | Successor | Fair Value	'	'
Fair Value, Investments, Entities that Calculate Net Asset Value Per Share [Line Items]	'	'
Debt, fair value	4,383	'
Contingent consideration on acquisition | Predecessor | Carrying Amount	'	'
Fair Value, Investments, Entities that Calculate Net Asset Value Per Share [Line Items]	'	'
Debt, fair value	4,383	0
Contingent consideration on acquisition | Predecessor | Fair Value	'	'
Fair Value, Investments, Entities that Calculate Net Asset Value Per Share [Line Items]	'	'
Debt, fair value	'	0
Deferred consideration | Successor | Fair Value	'	'
Fair Value, Investments, Entities that Calculate Net Asset Value Per Share [Line Items]	'	'
Debt, fair value	3,470	'
Deferred consideration | Predecessor | Carrying Amount	'	'
Fair Value, Investments, Entities that Calculate Net Asset Value Per Share [Line Items]	'	'
Debt, fair value	3,470	0
Deferred consideration | Predecessor | Fair Value	'	'
Fair Value, Investments, Entities that Calculate Net Asset Value Per Share [Line Items]	'	'
Debt, fair value	'	$0

Commitments_and_Contingencies_

Commitments and Contingencies (Details) (USD $)	Sep. 30, 2014	Mar. 21, 2014
Commitments and Contingencies Disclosure [Abstract]	'	'
Closing costs payable in 2015	'	$3,000,000
Closing costs payable in 2016	'	500,000
Minimum equity raised from offering for contingent consideration	70,000,000	70,000,000
Closing consideration payable	'	$3,500,000
Deferred compensation interest accrual rate	6.80%	'

Related_Party_Transactions_and2

Related Party Transactions and Arrangements (Details) (USD $)	Sep. 30, 2014	Dec. 31, 2013
Related Party Transaction [Line Items]	'	'
Common stock, outstanding (in shares)	5,053,290	'
Special Limited Partner	'	'
Related Party Transaction [Line Items]	'	'
Common stock, outstanding (in shares)	8,888	'
Successor	'	'
Related Party Transaction [Line Items]	'	'
Common stock, outstanding (in shares)	5,053,290	'
Due to affiliates	$7,706,000	$600,000
Successor | Promissory notes payable	'	'
Related Party Transaction [Line Items]	'	'
Affiliate note payable	'	$0

Related_Party_Transactions_and3

Related Party Transactions and Arrangements - Fees Paid in Connection with the Offering (Details) (USD $)

9 Months Ended

3 Months Ended

9 Months Ended

3 Months Ended

9 Months Ended

3 Months Ended

9 Months Ended

12 Months Ended

Sep. 30, 2014

Dec. 31, 2013

Sep. 30, 2014

Sep. 30, 2014

Sep. 30, 2013

Sep. 30, 2014

Sep. 30, 2013

Sep. 30, 2014

Sep. 30, 2013

Sep. 30, 2014

Sep. 30, 2013

Dec. 31, 2013

Sep. 30, 2014

Sep. 30, 2013

Sep. 30, 2014

Sep. 30, 2013

Dec. 31, 2013

Dec. 31, 2013

Participating Broker Dealers

Dealer Manager

Dealer Manager

Dealer Manager

Dealer Manager

Commissions and Brokerage Fees

Commissions and Brokerage Fees

Commissions and Brokerage Fees

Commissions and Brokerage Fees

Commissions and Brokerage Fees

Compensation and Reimbursement for Services

Compensation and Reimbursement for Services

Compensation and Reimbursement for Services

Compensation and Reimbursement for Services

Compensation and Reimbursement for Services

Offering Costs, Other than Selling, Commissions, Dealer Fees

Dealer Manager

Dealer Manager

Dealer Manager

Dealer Manager

Dealer Manager

Advisor and Affiliates

Advisor and Affiliates

Advisor and Affiliates

Advisor and Affiliates

Advisor and Affiliates

Dealer Manager

Related Party Transaction [Line Items]

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Sales commissions earned by related party (percent)

'

'

7.50%

7.00%

'

7.00%

'

'

'

'

'

'

'

'

'

'

'

'

Gross proceeds from the sales of common stock, before allowances (percent)

'

'

'

3.00%

'

3.00%

'

'

'

'

'

'

'

'

'

'

'

'

Brokerage fees earned by related party (percent)

'

'

'

2.50%

'

2.50%

'

'

'

'

'

'

'

'

'

'

'

'

Brokerage fees earned by related party (percent)

'

'

1.00%

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Fees incurred with the offering

'

'

'

$2,275,000

$0

$3,515,000

$0

$9,926,000

$0

$11,763,000

$0

'

$541,000

$0

$1,652,000

$0

'

$1,500,000

Due to affiliates

'

'

'

'

'

'

'

179,000

'

179,000

'

0

2,341,000

'

2,341,000

'

0

'

Liability for initial public offering costs (percent)

2.00%

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Offering and related costs in excess of gross proceeds form the offering limit

$1,600,000

$1,500,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Related_Party_Transactions_and4

Related Party Transactions and Arrangements - Fees Paid in Connection With the Operations of the Company (Details) (USD $)

9 Months Ended

3 Months Ended

9 Months Ended

3 Months Ended

9 Months Ended

3 Months Ended

9 Months Ended

3 Months Ended

9 Months Ended

0 Months Ended

9 Months Ended

3 Months Ended

9 Months Ended

3 Months Ended

9 Months Ended

3 Months Ended

9 Months Ended

Sep. 30, 2014

Sep. 30, 2014

Sep. 30, 2013

Sep. 30, 2014

Sep. 30, 2013

Dec. 31, 2013

Sep. 30, 2014

Sep. 30, 2013

Sep. 30, 2014

Sep. 30, 2013

Sep. 30, 2014

Sep. 30, 2014

Sep. 30, 2013

Sep. 30, 2014

Sep. 30, 2013

Dec. 31, 2013

Sep. 30, 2014

Sep. 30, 2013

Sep. 30, 2014

Sep. 30, 2013

Dec. 31, 2013

Jan. 07, 2014

20-May-14

Sep. 30, 2014

Sep. 30, 2014

Sep. 30, 2013

Sep. 30, 2014

Sep. 30, 2013

Dec. 31, 2013

Sep. 30, 2014

Sep. 30, 2013

Sep. 30, 2014

Sep. 30, 2013

Dec. 31, 2013

Sep. 30, 2014

Sep. 30, 2013

Sep. 30, 2014

Sep. 30, 2013

Dec. 31, 2013

Sep. 30, 2014

Advisor

Advisor

Advisor

Advisor

Advisor

Dealer Manager

Dealer Manager

Dealer Manager

Dealer Manager

ARC Realty Finance Advisors, LLC

Acquisition fees

Acquisition fees

Acquisition fees

Acquisition fees

Acquisition fees

Financing coordination fees

Financing coordination fees

Financing coordination fees

Financing coordination fees

Financing coordination fees

Strategic Advisory Services and Investment Banking Services Contract

Transaction Management Services In Connection with Grace Acquisition

Strategic Financial Advice and Assistance with Grace Acquisition

Total management fees and reimbursable expenses paid to Sub-Property Manager

Total management fees and reimbursable expenses paid to Sub-Property Manager

Total management fees and reimbursable expenses paid to Sub-Property Manager

Total management fees and reimbursable expenses paid to Sub-Property Manager

Total management fees and reimbursable expenses paid to Sub-Property Manager

Transaction fees and expenses

Transaction fees and expenses

Transaction fees and expenses

Transaction fees and expenses

Transaction fees and expenses

Advisory and investment banking fee

Advisory and investment banking fee

Advisory and investment banking fee

Advisory and investment banking fee

Advisory and investment banking fee

Common Class B

Advisor

Advisor

Advisor

Advisor

Advisor

Advisor

Advisor

Advisor

Advisor

Advisor

Dealer Manager

Affiliated Entity

Dealer Manager

Property Manager

Property Manager

Property Manager

Property Manager

Property Manager

Dealer Manager

Dealer Manager

Dealer Manager

Dealer Manager

Dealer Manager

Dealer Manager

Dealer Manager

Dealer Manager

Dealer Manager

Dealer Manager

Related Party Transaction [Line Items]

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Real estate acquisition fee

'

'

'

'

'

'

'

'

'

'

1.50%

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Real estate acquisition fee reimbursement maximum (percent)

'

'

'

'

'

'

'

'

'

'

0.10%

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Real estate acquisition fee acquisition cost reimbursement aggregate (percent)

'

'

'

'

'

'

'

'

'

'

1.90%

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Real estate acquisition fee acquisition maximum (percent)

'

'

'

'

'

'

'

'

'

'

4.50%

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Annual asset management fee lower of cost of assets or net asset value (percent)

'

'

'

'

'

'

'

'

'

'

0.75%

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Fees incurred with the offering

'

$0

$0

$2,413,000

$0

'

$2,275,000

$0

$3,515,000

$0

'

$0

$0

$1,598,000

$0

'

$0

$0

$815,000

$0

'

'

'

$2,400,000

$673,000

$608,000

$2,160,000

$1,953,000

'

$2,160,000

$0

$3,170,000

$0

'

$115,000

$0

$345,000

$0

'

'

Due to affiliates

'

2,413,000

'

2,413,000

'

0

'

'

'

'

'

1,598,000

'

1,598,000

'

0

815,000

'

815,000

'

0

'

'

'

228,000

'

228,000

'

168,000

2,545,000

'

2,545,000

'

0

0

'

0

'

0

'

Quarterly asset management fee earned (percent)

0.19%

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Share price (in dollars per share)

$22.50

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Conversion threshold for units of aggregate capital contributed (percent)

6.00%

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Units issued (shares)

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

18,547.25

Property management fee (percent)

4.00%

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Amount of agreement

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

$900,000

$1,000,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Related party rate

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

0.25%

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Reimbursement costs for administrative services maximum of operating expenses (percent)

'

'

'

'

'

'

'

'

'

'

2.00%

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Reimbursement costs for administrative services maximum of net income (percent)

'

'

'

'

'

'

'

'

'

'

25.00%

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Related_Party_Transactions_and5

Related Party Transactions and Arrangements - Fees Paid in Connection with the Liquidation or Listing of the Companybs Real Estate Assets (Details)	Sep. 30, 2014
ARC Realty Finance Advisors, LLC	'
Related Party Transaction [Line Items]	'
Subordinated performance fee return threshold (percent)	6.00%
Subordinated participation in asset sale fee (percent)	15.00%
Subordinated participation in asset sale fee maximum (percent)	10.00%
Transaction termination or nonrenewal of advisory agreement fee (percent)	15.00%
Termination or nonrenewal of advisory agreement fee threshold (percent)	6.00%
Special Limited Partner	'
Related Party Transaction [Line Items]	'
Subordinated incentive listing distribution (percent)	15.00%
Annual Targeted Investor Return | Special Limited Partner	'
Related Party Transaction [Line Items]	'
Cumulative capital investment return (percent)	6.00%
Brokerage Commission Fees | ARC Realty Finance Advisors, LLC	'
Related Party Transaction [Line Items]	'
Real estate commission earned by related party (percent)	2.00%
Brokerage Fee Commission for Third Party | ARC Realty Finance Advisors, LLC	'
Related Party Transaction [Line Items]	'
Real estate commission earned by related party (percent)	50.00%
Real Estate Commissions | ARC Realty Finance Advisors, LLC	'
Related Party Transaction [Line Items]	'
Real estate commission earned by related party (percent)	6.00%

ShareBased_Payments_Details

Share-Based Payments (Details) (USD $)	3 Months Ended		9 Months Ended
	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013	Dec. 31, 2013
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]	'	'	'	'	'
Share price (in dollars per share)	$22.50	'	$22.50	'	'
Restricted Share | Restricted Stock	'	'	'	'	'
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]	'	'	'	'	'
Shares automatically granted (in shares)	1,333	'	1,333	'	'
Vesting period	'	'	'5 years	'	'
Annual vesting percentage	20.00%	'	20.00%	'	'
Percentage of stock outstanding maximum (percent)	'	'	5.00%	'	'
Shares authorized (in shares)	4,000,000	'	4,000,000	'	'
Shares granted (in shares)	6,665	'	6,665	'	0
Compensation expense	$6,500	$0	$14,500	$0	'
Director	'	'	'	'	'
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]	'	'	'	'	'
Share price (in dollars per share)	$22.50	'	$22.50	'	'

Subsequent_Events_Details

Subsequent Events (Details) (USD $)	5 Months Ended	15 Months Ended	0 Months Ended	1 Months Ended	15 Months Ended
	Dec. 31, 2013	Sep. 30, 2014	Oct. 01, 2014	Oct. 31, 2014	Oct. 31, 2014
			Subsequent Event	Subsequent Event	Subsequent Event
Subsequent Event [Line Items]	'	'	'	'	'
Common stock, outstanding (in shares)	'	5,053,290	'	7,500,000	7,500,000
Proceeds from issuance of common stock, net	$200,000	$125,427,000	'	$61,834,000	$187,261,000
Value of common stock	'	'	'	188,300,000	188,300,000
Share price (in dollars per share)	'	$22.50	'	$25	$25
Share price DRIP (in dollars per share)	'	'	'	$23.75	$23.75
Dividends paid	'	'	600,000	'	'
Cash dividend	'	'	$300,000	'	'
Shares dividend (in shares)	'	'	300,000	'	'
Share reallocated under DRIP (in shares)	'	'	11,110.78	'	'