Hospitality Investors Trust (HPITQ) 10-K31 Mar 152014 FY Annual reportFinancial data

Company Profile

Document_and_Entity_Informatio

Document and Entity Information (USD $)	12 Months Ended
In Millions, except Share data, unless otherwise specified	Dec. 31, 2014	Mar. 15, 2015	Jun. 30, 2014
Document and Entity Information [Abstract]
Entity Registrant Name	AMERICAN REALTY CAPITAL HOSPITALITY TRUST, INC.
Entity Central Index Key	1583077
Current Fiscal Year End Date	-19
Entity Filer Category	Smaller Reporting Company
Document Type	10-K
Document Period End Date	31-Dec-14
Document Fiscal Year Focus	2014
Document Fiscal Period Focus	FY
Amendment Flag	FALSE
Entity Common Stock, Shares Outstanding		15,095,634
Entity Well-known Seasoned Issuer	No
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Public Float			$21.10

CONSOLIDATEDCOMBINED_BALANCE_S

CONSOLIDATED/COMBINED BALANCE SHEETS (USD $)	Dec. 31, 2014	Dec. 31, 2013
Equity
Total equity	$201,795,000	$88,690,000
Successor
Real estate investments:
Land	12,061,000
Buildings and improvements	81,176,000
Furniture, fixtures and equipment	5,308,000
Total real estate investments	98,545,000
Less: accumulated depreciation and amortization	-2,796,000
Total real estate investments, net	95,749,000
Cash and cash equivalents	131,861,000
Acquisition deposit	75,000,000
Restricted cash	3,437,000
Investments in unconsolidated entities	5,475,000
Below-market lease asset, net	8,060,000
Prepaid expenses and other assets	11,801,000
Deferred financing fees, net	1,991,000
Total Assets	333,374,000
LIABILITIES AND EQUITY
Mortgage note payable	45,500,000
Promissory notes payable	64,849,000
Accounts payable and accrued expenses	14,219,000
Due to affiliates	7,011,000	600,000
Total liabilities	131,579,000
Equity
Preferred stock, $0.01 par value, 50,000,000 shares authorized, none issued and outstanding	0
Common stock, $0.01 par value, 300,000,000 shares authorized, 10,163,206 and 8,888 shares issued and outstanding, respectively	102,000
Additional paid-in capital	221,379,000
Deficit	-19,686,000
Members' equity	0
Total equity	201,795,000
Total Liabilities and Equity	333,374,000
Predecessor
Real estate investments:
Land		15,878,000
Buildings and improvements		118,356,000
Furniture, fixtures and equipment		13,297,000
Total real estate investments		147,531,000
Less: accumulated depreciation and amortization		-31,390,000
Total real estate investments, net		116,141,000
Cash and cash equivalents		10,520,000
Acquisition deposit		0
Restricted cash		1,522,000
Investments in unconsolidated entities		4,381,000
Below-market lease asset, net		0
Prepaid expenses and other assets		1,830,000
Deferred financing fees, net		848,000
Total Assets		135,242,000
LIABILITIES AND EQUITY
Mortgage note payable		41,449,000
Promissory notes payable		0
Accounts payable and accrued expenses		5,297,000
Due to affiliates		0
Total liabilities		46,746,000
Equity
Preferred stock, $0.01 par value, 50,000,000 shares authorized, none issued and outstanding		0
Common stock, $0.01 par value, 300,000,000 shares authorized, 10,163,206 and 8,888 shares issued and outstanding, respectively		0
Additional paid-in capital		0
Deficit		0
Members' equity		88,496,000
Total equity		88,496,000
Total Liabilities and Equity		$135,242,000

CONSOLIDATEDCOMBINED_BALANCE_S1

CONSOLIDATED/COMBINED BALANCE SHEETS (Parenthetical) (USD $)	Dec. 31, 2014	Dec. 31, 2013
Common stock, outstanding	10,163,206
Successor
Preferred stock, par value	0.01
Preferred stock, authorized	50,000,000
Preferred stock, issued	0
Preferred stock, outstanding	0
Common stock, par value	0.01
Common stock, authorized	300,000,000
Common stock, issued	10,163,206
Common stock, outstanding	10,163,206
Predecessor
Preferred stock, par value		$0.01
Preferred stock, authorized		50,000,000
Preferred stock, issued		0
Preferred stock, outstanding		0
Common stock, par value		$0.01
Common stock, authorized		300,000,000
Common stock, issued		8,888
Common stock, outstanding		8,888

CONSOLIDATEDCOMBINED_STATEMENT

CONSOLIDATED/COMBINED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS) (USD $)	3 Months Ended	5 Months Ended	9 Months Ended
In Thousands, except Share data, unless otherwise specified	Mar. 20, 2014	Dec. 31, 2013	Dec. 31, 2014
Operating expenses
Provision for income taxes		$0
Net income (loss) and comprehensive income (loss)	-605		-14,841
Successor
Revenues
Rooms			26,163
Food and beverage			5,612
Other			3,096
Total revenue			34,871
Operating expenses
Rooms			5,411
Food and beverage			3,785
Management fees - related party			1,498
Other property-level operating expenses			13,049
Depreciation and amortization			2,796
Gain on disposal of assets			0
Rent			3,879
Total operating expenses			30,418
Income from operations			4,453
Interest income			103
Interest expense			-5,958
Acquisition and transaction related costs			-10,884
Equity in earnings (losses) of unconsolidated entities			352
General and administrative			-2,316
Total other income (expenses)			-18,703
Net income (loss) before taxes			-14,250
Provision for income taxes			591
Net income (loss) and comprehensive income (loss)			-14,841
Comprehensive Income (Loss)			-14,841
Basic and diluted net loss per share (in dollars per share)			($5.25)
Basic and diluted weighted average shares outstanding (in shares)			2,826,352
Predecessor
Revenues
Rooms	6,026	30,489
Food and beverage	1,543	6,267
Other	676	3,041
Total revenue	8,245	39,797
Operating expenses
Rooms	1,405	6,340
Food and beverage	1,042	4,461
Management fees - related party	289	1,471
Other property-level operating expenses	3,490	15,590
Depreciation and amortization	994	5,105
Gain on disposal of assets	0	74
Rent	933	4,321
Total operating expenses	8,153	37,362
Income from operations	92	2,435
Interest income	0	0
Interest expense	-531	-2,265
Acquisition and transaction related costs	0	0
Equity in earnings (losses) of unconsolidated entities	-166	-65
General and administrative	0	0
Total other income (expenses)	-697	-2,330
Net income (loss) before taxes	-605	105
Provision for income taxes	0	0
Net income (loss) and comprehensive income (loss)	-605	105
Comprehensive Income (Loss)	($605)	$105

CONSOLIDATEDCOMBINED_STATEMENT1

CONSOLIDATED/COMBINED STATEMENT OF CHANGES IN EQUITY (USD $)	Total	Common stock	Additional Paid-in Capital	Deficit	Total Stockholders' Equity	Members' Equity
Beginning balance at Jul. 24, 2013
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Common stock issued through Distribution Reinvestment Plan (in shares)		0
Ending balance at Dec. 31, 2013	$88,690,000	$0	$200,000	($6,000)	$194,000	$88,496,000
Ending 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	2,418,000	1,000	2,417,000		2,418,000
Net loss attributable to stockholders	-605,000					-605,000
Distributions	-800,000					-800,000
Common stock offering costs, commissions and dealer manager fees	-1,529,000		-1,529,000		-1,529,000
Ending balance at Mar. 20, 2014	88,174,000	1,000	1,088,000		1,083,000	87,091,000
Ending balance (in shares) at Mar. 20, 2014		114,497
Beginning balance at Dec. 31, 2013		0		-6,000
Beginning balance (in shares) at Dec. 31, 2013		8,888
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Common stock issued through Distribution Reinvestment Plan (in shares)		63,998
Ending balance at Dec. 31, 2014		102,000
Ending balance (in shares) at Dec. 31, 2014		10,163,206
Beginning balance at Mar. 20, 2014	88,174,000	1,000	1,088,000	-6,000	1,083,000	87,091,000
Beginning balance (in shares) at Mar. 20, 2014		114,497
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Proceeds received from Successor for the assets of Predecessor	-87,091,000					-87,091,000
Issuance of common stock (in shares)		9,984,711
Issuance of common stock	248,715,000	100,000	248,615,000		248,715,000
Net loss attributable to stockholders	-14,841,000			-14,841,000	-14,841,000
Distributions	-4,839,000			-4,839,000	-4,839,000
Common stock issued through Distribution Reinvestment Plan (in shares)		63,998
Common stock issued through Distribution Reinvestment Plan	1,521,000	1,000	1,520,000		1,521,000
Share-based payments	22,000		22,000		22,000
Common stock offering costs, commissions and dealer manager fees	-29,866,000		-29,866,000		-29,866,000
Ending balance at Dec. 31, 2014	$201,795,000	$102,000	$221,379,000	($19,686,000)	$201,795,000	$0
Ending balance (in shares) at Dec. 31, 2014	10,163,206	10,163,206

CONSOLIDATEDCOMBINED_STATEMENT2

CONSOLIDATED/COMBINED STATEMENTS OF CASH FLOWS (USD $)	3 Months Ended		5 Months Ended		9 Months Ended		12 Months Ended
In Thousands, unless otherwise specified	Mar. 20, 2014		Dec. 31, 2013		Dec. 31, 2014		Dec. 31, 2014
Cash flows from operating activities:
Net income (loss)	($605)				($14,841)
Cash flows from financing activities:
Proceeds from issuance of common stock, net			200				252,854
Successor
Cash flows from operating activities:
Net income (loss)					-14,841
Adjustments to reconcile net income (loss) to net cash (used in) provided by operating activities:
Depreciation and amortization					2,796
Amortization of deferred financing costs					595
Amortization of below-market lease obligation					340
Accretion of deferred consideration					71
Accretion of contingent consideration					116
Loss on disposal of property and equipment					0
Equity in (earnings) losses of unconsolidated entities					-352
Distribution from unconsolidated affiliates					257
Share-based payments					22
Changes in assets and liabilities:
Prepaid expenses and other assets					-7,923
Restricted cash					-783
Due to affiliates					5,042
Accounts payable and accrued expenses					5,010
Net cash (used in) provided by operating activities					-9,650
Cash flows from investing activities:
Acquisition of hotel assets of the Predecessor					-41,388
Real estate investment improvements and purchases of property and equipment					-3,659
Acquisition deposit					-75,000
(Increase) decrease in restricted cash					-2,035
Net cash used in investing activities					-122,082
Cash flows from financing activities:
Proceeds from issuance of common stock, net					249,569
Payments of offering costs					-28,071
Dividends paid					-1,950
Contributions from members					0
Distribution to members					0
Affiliate financing advancement					2,570
Affiliate financing repayment					-3,214
Proceeds from affiliate note payable used to fund acquisition deposit					40,500
Repayment of affiliate note payable used to fund acquisition deposit					-40,500		-40,500
Payments of mortgage note payable					0
Proceeds from mortgage note payable					45,500
Proceeds from promissory note payable					1,775
Deferred financing fees					-2,586
Net cash provided by (used in) financing activities					263,593
Net change in cash					131,861
Cash and cash equivalents, beginning of period					0
Cash and cash equivalents, end of period					131,861		131,861
Supplemental disclosure of cash flow information:
Interest paid					4,645
Taxes paid					760
Non-cash investing and financing activities:
Reclassification of deferred offering costs to additional paid-in capital					1,505
Offering costs in due to affiliates					1,969
Offering costs in accounts payable and accrued expenses					512
Real estate investment improvements and purchases of property and equipment in accounts payable and accrued expenses					1,033
Proceeds receivable from share sales					1,564	[1]
Seller financing of real estate investments					58,074
Seller financing of investment in unconsolidated entities					5,000
Contingent consideration on acquisition					2,268
Deferred consideration on acquisition					3,400
Dividends declared but not paid					1,368		1,368
Common stock issued through distribution reinvestment plan					1,520
Predecessor
Cash flows from operating activities:
Net income (loss)	-605		105
Adjustments to reconcile net income (loss) to net cash (used in) provided by operating activities:
Depreciation and amortization	994		5,105
Amortization of deferred financing costs	75		196
Amortization of below-market lease obligation	0		0
Accretion of deferred consideration	0		0
Accretion of contingent consideration	0		0
Loss on disposal of property and equipment	0		74
Equity in (earnings) losses of unconsolidated entities	166		65
Distribution from unconsolidated affiliates	0		0
Share-based payments	0		0
Changes in assets and liabilities:
Prepaid expenses and other assets	-581		455
Restricted cash	0		0
Due to affiliates	0		0
Accounts payable and accrued expenses	-605		-182
Net cash (used in) provided by operating activities	-556		5,818
Cash flows from investing activities:
Acquisition of hotel assets of the Predecessor	0		0
Real estate investment improvements and purchases of property and equipment	-83		-3,436
Acquisition deposit	0		0
(Increase) decrease in restricted cash	-468		1,163
Net cash used in investing activities	-551		-2,273
Cash flows from financing activities:
Proceeds from issuance of common stock, net	0		0
Payments of offering costs	0		0
Dividends paid	0		0
Contributions from members	0		227
Distribution to members	-800		-3,922
Affiliate financing advancement	0		0
Affiliate financing repayment	0		0
Proceeds from affiliate note payable used to fund acquisition deposit	0		0
Repayment of affiliate note payable used to fund acquisition deposit	0		0
Payments of mortgage note payable	-137		-391
Proceeds from mortgage note payable	0		3,440
Proceeds from promissory note payable	0		0
Deferred financing fees	0		-31
Net cash provided by (used in) financing activities	-937		-677
Net change in cash	-2,044		2,868
Cash and cash equivalents, beginning of period	10,520						10,520
Cash and cash equivalents, end of period	8,476		10,520
Supplemental disclosure of cash flow information:
Interest paid	458		1,548
Taxes paid	0		0
Non-cash investing and financing activities:
Reclassification of deferred offering costs to additional paid-in capital	0		0
Offering costs in due to affiliates	0		0
Offering costs in accounts payable and accrued expenses	0		0
Real estate investment improvements and purchases of property and equipment in accounts payable and accrued expenses	0		0
Proceeds receivable from share sales	0	[1]	0	[1]
Seller financing of real estate investments	0		0
Seller financing of investment in unconsolidated entities	0		0
Contingent consideration on acquisition	0		0
Deferred consideration on acquisition	0		0
Dividends declared but not paid	0		0
Common stock issued through distribution reinvestment plan	$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 Annual Report on Form 10-K.

Organization

Organization	12 Months Ended
Organization	Dec. 31, 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 ended 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 December 31, 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 covers 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 December 31, 2014, the Company had 10.2 million shares of common stock outstanding and had received total gross proceeds from the IPO of approximately $252.9 million, including shares issued under the DRIP. As of December 31, 2014, the aggregate value of all the common stock outstanding was $254.0 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 Advisors, 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.
	Grace 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 "Grace 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 Partnership, L.P., 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.
	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 reduced the number of hotels to be acquired to the 116 hotels currently comprising the Grace Portfolio for an aggregate purchase price of $1.808 billion, exclusive of closing costs and subject to certain adjustments at closing and changed the scheduled close date to February 27, 2015.
	As of December 31, 2014, the acquisition of the Grace Portfolio had not been completed. On such date the Company anticipated funding, pursuant to the terms of the Amended Purchase Agreement, approximately $230.1 million of the purchase price with cash generated through the Offering, funding approximately $903.9 million through the assumption of existing mortgage and mezzanine indebtedness (comprising the "Assumed Grace Mortgage Loan" and the "Assumed Grace Mezzanine Loan" and, collectively, the "Assumed Grace Indebtedness") and funding approximately $227.0 million through additional mortgage financing (the "Additional Grace Mortgage Loan" and, together with the Assumed Grace Indebtedness, the "Grace Indebtedness"). The Assumed Grace Mortgage Loan that the Company expected to assume is for $801.1 million at an interest rate of London Interbank Offered Rate ("LIBOR") plus 3.11% and the Assumed Grace Mezzanine Loan that the Company expected to assume is for $102.8 million at an interest rate of LIBOR plus 4.77%. The Assumed Grace Indebtedness will be secured by 96 of the 116 hotels in the Grace 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. The Additional Grace Mortgage Loan will be secured by 20 of the 116 hotels in the Grace Portfolio and an additional hotel property already owned by a subsidiary of the OP and part of the Barceló Portfolio. The Additional Grace Mortgage Loan will mature on March 6, 2017, subject to a one-year extension right, which, if exercised, would result in an outside maturity date of March 6, 2018 and will have an interest rate equal to the greater of (i) a floating rate of interest equal to LIBOR plus 6.00% and (ii) 6.25%.
	In addition, we anticipated that the remaining $447.1 million of the contract purchase price would be satisfied by the issuance of the preferred equity interests (the "Grace 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 Grace Portfolio. The holders of the Grace 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 holders of the Grace 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 the Company's shareholders. After the earlier to occur of either (i) the date of repayment in full of the Company's currently outstanding unsecured obligations in the original principal amount of approximately $63.1 million (together with the approximately $3.5 million deferred payment with respect to the March 2014 acquisition of the Georgia Tech Hotel & Conference Center, which is due concurrently), which represents the Barceló Acquisition Promissory Note (See Note 7 - Promissory Notes Payable), or (ii) the date the gross amount of IPO proceeds received by the Company following the acquisition of the Grace Portfolio and payment of all acquisition related expenses (including payments to the Advisor and its affiliates) exceeds $100.0 million, the Company will be required to use 35.0% of any IPO proceeds to redeem the Grace Preferred Equity Interests at par, up to a maximum of $350.0 million in redemptions for any 12-month period. The Company will also be required, in certain circumstances, to apply debt proceeds to redeem the Grace Preferred Equity Interests at par. As of February 27, 2018, the Company will be required to have redeemed 50.0% of the Grace Preferred Equity Interests, and the Company will be required to redeem 100.0% of the Grace Preferred Equity Interests remaining outstanding at the earlier of (i) 90 days following the stated maturity date (including extension options) under the Grace Indebtedness, and (ii) February 27, 2019. In addition, the Company will have the right, at its option, to redeem the Grace Preferred Equity Interests, in whole or in part, at any time at par. The holders of the Grace Preferred Equity Interests will have certain consent rights over major actions by the Company relating to the Grace Portfolio. If the Company is unable to satisfy the redemption, distribution or other requirements of the Grace Preferred Equity Interests (including if there is a default under the related guarantees provided by the Company, the OP and the individual principals of the parent of the Sponsor), the holders of the Grace Preferred Equity Interests have certain rights, including the ability to assume control of the operations of the Grace Portfolio through the assumption of control of the two newly-formed Delaware limited liability companies. Due to the fact that the Grace Preferred Equity Interests will be mandatorily redeemable and certain of their other characteristics, the Grace Preferred Equity Interests will be treated as debt in accordance with accounting principles generally accepted in the United States of America ("GAAP").
	The transaction closed as planned on February 27, 2015, see Note 16 - Subsequent Events.

Summary_of_Significant_Account

Summary of Significant Accounting Policies	12 Months Ended
	Dec. 31, 2014
Accounting Policies [Abstract]
Summary of Significant Accounting Policies	Summary of Significant Accounting Policies
	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 December 31, 2014 for the Company (the "Successor") are not necessarily indicative of the results for the entire year 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.
	Basis of Accounting
	The accompanying consolidated financial statements of the Company are prepared on the accrual basis of accounting in accordance with GAAP.
	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 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 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 year ended December 31, 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 consolidated/combined statement of operations for the period from March 21 to December 31, 2014 is $0.2 million of costs related to the Company for the period from January 1 to March 20, 2014.
	Use of Estimates
	The preparation of the accompanying 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 purchase price allocations to record investments in real estate, the useful lives of real estate and real estate taxes, as applicable.
	Real Estate Investments and Below-Market Lease
	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.
	A disposal of a component of the Company or a group of components of the Company 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 the Company's operations and financial results. The Company is required 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 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. See Note 5. 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 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. The Federal Deposit Insurance Corporation ("FDIC"), only insures amounts up to $250,000 per depositor per insured bank. The Company expects to have cash and cash equivalents and restricted cash deposited in certain financial institutions in excess of federally insured levels.
	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).
	The Company classifies the distributions from its investments in unconsolidated entities in the consolidated/combined statement of cash flows based upon an evaluation of the specific facts and circumstances of each distribution. For example, distributions of cash generated by property operations are classified as cash flows from operating activities. However, distributions received as a result of property sales are classified as cash flows from investing activities.
	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.
	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 ended 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.
	Deferred tax assets and liabilities are recognized for the estimated future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases, and for net operating loss, capital loss, and tax credit carryovers. Deferred tax assets and liabilities are measured using enacted tax rates in effect for the year in which such amounts are expected to be realized or settled. The effect on deferred tax assets and liabilities from a change in tax rates is recognized in earnings in the period when the new rate is enacted. However, deferred tax assets are recognized only to the extent that it is more likely than not that they will be realized based on consideration of available evidence, including future reversals of existing taxable temporary differences, future projected taxable income and tax planning strategies.
	GAAP prescribes a recognition threshold and measurement attribute for the financial statement recognition and measurement of a tax position taken in a tax return. The Company must determine whether it is "more-likely-than-not" that a tax position will be sustained upon examination, including resolution of any related appeals or litigation processes, based on the technical merits of the position. Once it is determined that a position meets the more-likely-than-not recognition threshold, the position is measured at the largest amount of benefit that is greater than 50% likely of being realized upon settlement in order to determine the amount of benefit to recognize in the financial statements. This accounting standard applies to all tax positions related to income taxes. The Company recognizes accrued interest related to unrecognized tax benefits in interest expense and penalties in operating expenses.
	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 $0.4 million combined between the Predecessor and the Company for the year ended December 31, 2014 and $0.4 million for the Predecessor for the year ended December 31, 2013.
	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 consolidated/combined balance sheets, and are as follows (in thousands):


		Successor			Predecessor
		December 31, 2014			December 31, 2013
	Trade receivables	$	1,388		$	788

	Allowance for doubtful accounts	(45		)	(26		)
	Trade receivables, net of allowance	$	1,343		$	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 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.

Business_Combination

Business Combination	12 Months Ended
	Dec. 31, 2014
Business Combinations [Abstract]
Business Combination	Business Combination
	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 $110.1 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	$	12,061

	Buildings and improvements	77,605

	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	110,130

	Contingent consideration on acquisition	(2,268		)
	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	$	41,388

	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 year ended December 31, 2014 had been consummated on January 1, 2013 have not been presented as the results for the Predecessor for the period from January 1 to March 20, 2014 and the year ended December 31, 2013 representing substantially all of the Company's operations are included in the 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 and payment of all acquisition related expenses (including payments to the Advisor and its affiliates) (See Note 11 - Commitments and Contingencies for further information on the preceding). The fair value of the contingent consideration on acquisition of $2.3 million and the deferred consideration of $3.4 million are included in accounts payable and accrued expenses (See Note 8) and the seller financing of real estate investments and seller financing of investment in unconsolidated entities are included in promissory notes payable (See Note 7) on the accompanying consolidated/combined balance sheets.

Variable_Interest_Entities_and

Variable Interest Entities and Investments in Unconsolidated Entities	12 Months Ended
	Dec. 31, 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 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 December 31, 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, 2011 (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 $10.1 million and $10.7 million as of December 31, 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 December 31, 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 $20.5 million as of December 31, 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 consolidated/combined balance sheets.
	The Company’s and Predecessor's investments in unconsolidated entities as of December 31, 2014 and December 31, 2013, respectively, consist of the following (in thousands):


				Investment in Partnership
				Successor					Predecessor				Successor				Predecessor
	Partnership	Ownership Interest		December 31, 2014					December 31, 2013				For the Period from March 21 to December 31, 2014				For the Period from January 1 to March 20, 2014				Year Ended December 31, 2013
	HGI Blacksburg JV	24	%	$	1,631				$	893			$	110			$	(35	)		$	79
	HGI Blacksburg JV	24	%	$	1,631				$	893			$	110			$	(35	)		$	79
	Westin Virginia Beach JV	30.53	%	3,844					3,488				242				(131		)		(144		)
	Westin Virginia Beach JV	30.53	%	3,844					3,488				242				(131		)		(144		)
	Total			$	5,475				$	4,381			$	352			$	(166	)		$	(65	)
	Total			$	5,475				$	4,381			$	352			$	(166	)		$	(65	)
	The Company received a capital distribution of $0.24 million from the Westin Virginia Beach JV for the year ended December 31, 2014. No distributions were recorded during the year ended December 31, 2013.
	During the period from March 21 to December 31, 2014, the Company received a capital distribution of $0.01 million from the HGI Blacksburg JV. No distributions were recorded during the year ended December 31, 2013.
	The maximum exposure to loss as a result of the Company’s and Predecessor's investments in unconsolidated entities as of December 31, 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	31-Dec-14					December 31, 2013				December 31, 2014				December 31, 2013				December 31, 2014					December 31, 2013
	HGI Blacksburg JV	$	10,063				$	10,663			$	1,631			$	893			$	11,694				$	11,556
	HGI Blacksburg JV	$	10,063				$	10,663			$	1,631			$	893			$	11,694				$	11,556
	Westin Virginia Beach JV	20,540					26,576				3,844				3,488				24,384					30,064
	Westin Virginia Beach JV	20,540					26,576				3,844				3,488				24,384					30,064
	Total	$	30,603				$	37,239			$	5,475			$	4,381			$	36,078				$	41,620
	Total	$	30,603				$	37,239			$	5,475			$	4,381			$	36,078				$	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 is the summarized financial information for the HGI Blacksburg JV as of December 31, 2014 and December 31, 2013 and for the period from January 1 to March 20, 2014, for the period from March 21 to December 31, 2014 and for the year ended December 31, 2013 (in thousands):



		Successor				Predecessor
	(in thousands)	December 31, 2014				December 31, 2013
	Total Assets	$	14,659			$	14,835
	Total Assets	$	14,659			$	14,835
	Total Liabilities	10,482				11,113
	Total Liabilities	10,482				11,113



		Successor					Predecessor
		For the Period from March 21 to December 31, 2014					For the period from January 1 to March 20, 2014				Year Ended December 31, 2013
	Hotel revenue	$	3,981				$	687			$	4,440
	Hotel revenue	$	3,981				$	687			$	4,440
	Operating income (loss)	887					(47		)		794
	Operating income (loss)	887					(47		)		794
	Interest expense	(340		)			(97		)		(465		)
	Net income (loss)	$	547				$	(144	)		$	329
	Net income (loss)	$	547				$	(144	)		$	329
	Company's share of net income (loss)	132					(35		)		79
	Company's share of net income (loss)	132					(35		)		79
	Additional amortization expense (1)	(22		)			—				—
	Additional amortization expense (1)	(22		)			—				—
	Company's share of net income (loss)	$	110				$	(35	)		$	79
	Company's share of net income (loss)	$	110				$	(35	)		$	79
____________________________________________________________________________
(1) Amortization of the purchase price of the Company’s original interest in the HGI Blacksburg JV, less the Company's share of the JV's deficit, which resulted in a basis difference of $0.6 million.
Below is the summarized financial information for the Westin Virginia Beach JV as of December 31, 2014 and December 31, 2013 and for the period from January 1 to March 20, 2014, for the period from March 21 to December 31, 2014 and for the year ended December 31, 2013 (in thousands):


	Successor				Predecessor
(in thousands)	December 31, 2014				December 31, 2013
Total Assets	$	30,816			$	31,035
Total Assets	$	30,816			$	31,035
Total Liabilities	22,168				28,991
Total Liabilities	22,168				28,991



	Successor					Predecessor
	For the Period from March 21 to December 31, 2014					For the Period from January 1 to March 20, 2014				Year Ended December 31, 2013
Hotel revenue	$	10,146				$	2,070			$	11,232
Hotel revenue	$	10,146				$	2,070			$	11,232
Operating income (loss)	2,150					(67		)		1,228
Operating income (loss)	2,150					(67		)		1,228
Interest income	—					—				2
Interest income	—					—				2
Interest expense	(994		)			(304		)		(1,429		)
Forgiveness of debt	7,522					—				—
Forgiveness of debt	7,522					—				—
Net income (loss)	$	8,678				$	(371	)		$	(199	)
Net income (loss)	$	8,678				$	(371	)		$	(199	)
Company's share of net income (loss)	2,650					(113		)		(61		)
Company's share of net income (loss)	2,650					(113		)		(61		)
Additional amortization expense (1)	(111		)			(18		)		(83		)
Unrecognized gain by JV (2)	(2,297		)			—				—
Unrecognized gain by JV (2)	(2,297		)			—				—
Company's share of net income (loss)	$	242				$	(131	)		$	(144	)
Company's share of net income (loss)	$	242				$	(131	)		$	(144	)
_________________________________________________________________________
(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 JV's deficit, which resulted in a basis difference of $3.6 million.
(2) Represents gain recorded by the JV for the forgiveness of debt which is not recognized by the Company.

Leases

Leases	12 Months Ended
	Dec. 31, 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 period from March 21 to December 31, 2014 was $3.9 million. 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 year ended December 31, 2014, $0.3 million has been amortized to rent expense. Rent expense attributable to the Predecessor for the period from January 1 to March 20, 2014 and the year ended December 31, 2013 was $0.9 million and $4.3 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
	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

	Year ended December 31, 2019	4,400		433

	Thereafter	60,133		5,895

	Total	$	82,133	$	8,060

Mortgage_Notes_Payable

Mortgage Notes Payable	12 Months Ended
	Dec. 31, 2014
Debt Disclosure [Abstract]
Mortgage Notes Payable	Mortgage Note Payable
	The Company’s and the Predecessor's mortgage note payable as of December 31, 2014 and December 31, 2013 consist of the following, respectively (in thousands):


	Successor
		Outstanding Mortgage Note Payable
	Encumbered Properties	31-Dec-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 period from March 21 to December 31, 2014 was $1.6 million. Interest expense attributable to the Predecessor for the period from January 1 to March 20, 2014 and the year ended December 31, 2013 was $0.5 million and $2.1 million, respectively.

Promissory_Notes_Payable

Promissory Notes Payable

12 Months Ended

Dec. 31, 2014

Debt Disclosure [Abstract]

Promissory Notes Payable

The Company’s promissory notes payable as of December 31, 2014 are as follows (in thousands):

Outstanding Promissory Notes Payable

Use of Proceeds

31-Dec-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

—

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 year ended December 31, 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 and payment of all acquisition related expenses (including

payments to the Advisor and its affiliates). There are no principal payments under the Barceló Promissory Note payable for 2015 and 2016, 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 and payment of all acquisition related expenses

(including payments to the Advisor and its affiliates).

The Barceló Promissory Note is payable to BCC and the property improvement plan promissory note is payable to the Sub-Property Manager.

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 control with the Sponsor (the "Affiliate Promissory Note"), which had a maturity date of May 27, 2015. As of December 31, 2014, the Affiliate Promissory Note had been repaid in full.

Interest expense related to promissory notes payable attributable to the Company for the period from March 21 to December 31, 2014 was $3.6 million. No interest expense related to promissory notes payable was incurred by the Predecessor for the year ended December 31, 2013 as the Predecessor did not have any promissory notes.

Accounts_Payable_and_Accrued_E

Accounts Payable and Accrued Expenses	12 Months Ended
	Dec. 31, 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
		December 31, 2014		December 31, 2013
	Trade accounts payable and accrued expenses	$	7,412	$	2,745

	Contingent consideration from Barceló Acquisition (see Note 11)	2,384		—

	Deferred payment for Barceló Acquisition (see Note 11)	3,471		—

	Accrued salaries and related liabilities	952		819

	Georgia Tech Hotel lease obligation	—		1,733

	Total	$	14,219	$	5,297

Common_Stock

Common Stock	12 Months Ended
Common Stock	Dec. 31, 2014
Equity [Abstract]
Common Stock	Common Stock
	The Company had 10,163,206 shares and 8,888 shares of common stock outstanding and had received total proceeds of $252.9 million and $0.2 million as of December 31, 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 $0.0000465753 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 December 31, 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 63,998 shares issued under the DRIP as of December 31, 2014. No shares were issued under the DRIP as of December 31, 2013.

Fair_Value_Measurements

Fair Value Measurements	12 Months Ended
	Dec. 31, 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
		December 31, 2014				December 31, 2013
		Carrying Amount		Fair Value		Carrying Amount		Fair Value
	Mortgage note payable	$	45,500	$	44,582	$	41,449	$	38,921

	Promissory notes payable	64,849		64,849		—		—

	Contingent consideration on acquisition	2,384		2,384		—		—

	Deferred consideration	3,471		3,471		—		—

	Total	$	116,204	$	115,286	$	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 were 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 using level 3 inputs, as these amounts are accreted using current market rates.

Commitments_and_Contingencies

Commitments and Contingencies	12 Months Ended
Commitments and Contingencies	Dec. 31, 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 at the date of this filing.
	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 December 31, 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 of 8.4% 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 consolidated/combined balance sheets as of December 31, 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 and payment of all acquisition related expenses (including payments to the Advisor and its affiliates). The deferred consideration does not bear interest.

Related_Party_Transactions_and

Related Party Transactions and Arrangements	12 Months Ended
	Dec. 31, 2014
Related Party Transactions [Abstract]
Related Party Transactions and Arrangements	Related Party Transactions and Arrangements
	As of December 31, 2014, the Special Limited Partner owned 8,888 shares of the Company’s outstanding common stock. The Advisor and its affiliates are entitled to a variety of fees, and may incur and pay costs and fees on behalf of the Company for which they are entitled to reimbursement. The Company had a payable due to affiliates related to operating and Offering costs of $7.0 million and $0.6 million as of December 31, 2014 and December 31, 2013, respectively.
	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. Alternatively, 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, 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 year ended December 31, 2014 and 2013, respectively, and the associated payable as of December 31, 2014 and December 31, 2013, which is recorded in due to affiliates on the Company's consolidated/combined balance sheets (in thousands):


			Year Ended						Payable as of
			December 31,
			2014			2013			31-Dec-14			31-Dec-13
	Total commissions and fees incurred from the Dealer Manager		$	24,099		$	—		$	153		$	—

	The Company had a receivable from the Dealer Manager for proceeds from the IPO of $1.6 million as of December 31, 2014 which is recorded in prepaid expenses and other assets on the Company's consolidated/combined balance sheets. No amount were receivable as of December 31, 2013.
	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. The Company is responsible for Offering and related costs 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 December 31, 2014 and December 31, 2013, Offering and related costs exceeded 2.0% of gross proceeds received from the Offering by $2.4 million and $1.5 million, respectively, due to the ongoing nature of the Offering.
	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 consolidated/combined balance sheets. 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 year ended December 31, 2014 and 2013, respectively, and the associated amounts payable as of December 31, 2014 and December 31, 2013, which is recorded in due to affiliates on the Company's consolidated/combined balance sheets (in thousands):


			Year Ended						Payable as of
			December 31,
			2014			2013			31-Dec-14			31-Dec-13
	Total compensation and reimbursement for services provided by the Advisor and its affiliates relating to the Offering		$	3,915		$	644		$	1,885		$	644

	In addition to the above, the Company incurred Offering related expenses at the Georgia Tech Hotel, in which the Company owns the leasehold interest. The table below shows the fees incurred from and payable to Georgia Tech Hotel during the year ended December 31, 2014 and 2013, respectively, and the associated payable as of December 31, 2014 and December 31, 2013, which is recorded in due to affiliates on the Company's consolidated/combined balance sheets (in thousands):


			Year Ended						Payable as of
			December 31,
			2014			2013			31-Dec-14			31-Dec-13
	Total offering related costs incurred to leased hotel		$	60		$	—		$	60		$	—

	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 any 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 any loan or other investment, for all 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 the Company's portfolio exceed 4.5% of the contract purchase price or 4.5% of the amount advanced for a loan or other investment, in the aggregate for all Company investments.
	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 year ended December 31, 2014 and 2013, respectively, and the associated payable as of December 31, 2014 and December 31, 2013, which is recorded in due to affiliates on the Company's consolidated/combined balance sheets (in thousands):


			Year Ended						Payable as of
			December 31,
			2014			2013			31-Dec-14			31-Dec-13
	Acquisition fees		$	1,598		$	—		$	—		$	—

	Financing coordination fees		815			—			—			—

			$	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 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, each as described below.
	The restricted Class B Units do not become unrestricted Class B Units until certain performance conditions are satisfied, including the adjusted market value of the OP’s assets plus applicable distributions equals or exceeds the aggregate capital contributed by investors plus an amount equal to a 6.0% cumulative, pre-tax, non-compounded annual return to investors. Asset management services were performed by the Advisor for the year ended December 31, 2014, and 27,821 Class B Units have been issued as of December 31, 2014.
	Fees Paid to the Sponsor
	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 control with the Sponsor (the "Affiliate Promissory Note"), which had a maturity date of May 27, 2015. As of December 31, 2014, the Affiliate Promissory Note had been repaid in full. See Note 7.
	The table below shows the interest expense paid by the Company during the year ended December 31, 2014 and the associated payable as of December 31, 2014, which is recorded in due to affiliates on the Company's consolidated/combined balance sheets, and the interest expense paid by the Predecessor for the year ended December 31, 2013 and the associated payable as of December 31, 2013 (in thousands):


			Year Ended						Payable as of
			December 31,
			2014			2013			31-Dec-14			31-Dec-13
	Interest payment related to the Grace deposit promissory note		$	151		$	—		$	—		$	—

	Fees Paid to the Property Manager
	The Company pays a property management fee of up to 4.0% of the monthly gross receipts from the Company's properties to the Property Manager. The Property Manager, in turn, pays a portion of the property management fees to the Sub-Property Manager or a third-party sub-property manager, as applicable. The Company also reimburses the Sub-Property Manager or a third-party sub-property manager, as applicable, 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 Company also will pay to the Sub-Property Manager an annual incentive fee equal to 15% of the amount by which the operating profit from the properties managed by the Sub-Property Manager for such fiscal year (or partial fiscal year) exceeds 8.5% of the total investment of such properties. The Company may, in the future, pay similar fees to third-party sub-property managers. No incentive fee was payable by the Company during the year ended December 31, 2014.
For these purposes, “total investment” means the sum of (i) the price paid to acquire the property, including closing costs, conversion costs, and transaction costs; (ii) additional invested capital; and (iii) any other costs paid in connection with the acquisition of the property, whether incurred pre- or post-acquisition.
The Predecessor paid the Sub-Property Manager a similar property management fee and incentive fee.
The table below shows the management fees and reimbursable expenses incurred by the Company during the year ended December 31, 2014 and the associated payable as of December 31, 2014, which is recorded in due to affiliates on the Company's consolidated/combined balance sheets, and the management fees and reimbursable expenses incurred by the Predecessor for the year ended December 31, 2013 and the associated payable as of December 31, 2013, which is recorded in accounts payable and accrued expenses on the Predecessor's consolidated/combined balance sheets (in thousands):


		Year Ended						Payable as of
		December 31,
		2014			2013			31-Dec-14			31-Dec-13
Total management fees and reimbursable expenses incurred from Sub-Property Manager		$	2,579		$	2,445		$	228		$	158

Total management fees incurred from Property Manager		262			—			20			—

		$	2,841		$	2,445		$	248		$	158

The Company pays the Sub-Property Manager interest on the promissory notes payable for the property improvement plan relating to the Barceló Portfolio. See Note 7. The table below shows the interest expense paid by the Company during the year ended December 31, 2014, and the associated payable as of December 31, 2014, which is recorded in due to affiliates on the Company's consolidated/combined balance sheets, and the interest expense paid by the Predecessor during the year ended December 31, 2013 and the associated payable as of December 31, 2013, which is recorded in accounts payable and accrued expenses on the Predecessor's consolidated/combined balance sheets (in thousands):


		Year Ended						Payable as of
		December 31,
		2014			2013			31-Dec-14			31-Dec-13
Interest related to the Property improvement plan promissory note		$	63		$	—		$	20		$	—

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 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. As of December 31, 2014, the Company had paid $0.6 million on account of this agreement. The Company will pay an additional $0.1 million under this agreement, after which no further amounts will become due.
The Company entered into an agreement with RCS Capital to provide strategic and 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 value for these services and has accrued $4.5 million associated with this agreement for the year ended December 31, 2014 and the associated payable, which is recorded in due to affiliates on the Company's 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 year ended December 31, 2014 and 2013, respectively, and the associated payable as of December 31, 2014 and December 31, 2013 (in thousands):


		Year Ended						Payable as of
		December 31,
		2014			2013			31-Dec-14			31-Dec-13
Transaction fees and expenses		$	5,270		$	—		$	4,645		$	—

Advisory and investment banking fee		460			—			—			—

Total related party fees and reimbursements		$	5,730		$	—		$	4,645		$	—

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 year ended December 31, 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, impairment 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 year ended December 31, 2014 and 2013.
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 monthly 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 year ended December 31, 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 year ended December 31, 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 year ended December 31, 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 year ended December 31, 2014. Neither the Special Limited Partner nor any of its affiliates can earn both the subordination participation in the net sale 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 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 year ended December 31, 2014.

Economic_Dependency

Economic Dependency	12 Months Ended
Economic Dependency	Dec. 31, 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.

Income_Taxes

Income Taxes	12 Months Ended
	Dec. 31, 2014
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes
	We intend to elect and qualify to be taxed as a REIT under Sections 856 through 860 of the Internal Revenue Code commencing with our tax year ended December 31, 2014. In order to qualify as a REIT, we must annually distribute to our stockholders 90% of our 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. Distributions to stockholders for the tax year ended December 31, 2014 were all deemed to be return of capital.
	The components of income tax expense for the year ended December 31, 2014 are presented in the following table, in thousands. There was no income tax expense for the year ended December 31, 2013.


		Year Ended December 31,
		2014			2013
	Current:
	Federal	$	633		$	—

	State	91			—

		724			—

	Deferred:
	Federal	(116		)	—

	State	(17		)	—

		(133		)	—

	Income tax expense	$	591		$	—

	A reconciliation of the statutory federal income tax benefit of the Company's income tax expense is presented in the following table, in thousands. There was no income tax expense for the year ended December 31, 2013.


		Year Ended December 31,
		2014			2013
	Statutory federal income tax benefit	$	(4,845	)	$	—

	Effect of non-taxable REIT loss	5,361			—

	State income tax expense, net of federal tax benefit	73			—

	Other	2			—

	Income tax expense	$	591		$	—

	The tax effect of each type of temporary difference and carryforward, that gives rise to the deferred tax assets and liabilities as of December 31, 2014 are presented in the following table, in thousands. There were no temporary differences or carryforwards for the year ended December 31, 2013.


		Year Ended December 31,
		2014			2013
	Deferred tax asset:
	Employee-related compensation	$	152		$	—

	Other	11			—

		163			—

	Deferred tax liability
	Investments in unconsolidated joint ventures	(30		)	—

	Total deferred tax liability	(30		)	—

	Net deferred tax asset	$	133		$	—

	As of December 31, 2014, the Company had a net deferred tax asset of $0.1 million. The Company believes that it is more likely than not that the TRS will generate sufficient taxable income to realize in full this deferred tax asset. Accordingly, no valuation allowance has been recorded as of December 31, 2014.
	As of December 31, 2014, the tax years that remain subject to examination by major tax jurisdictions include 2013 and 2014.

Quarterly_Results_Unaudited

Quarterly Results (Unaudited)	12 Months Ended
	Dec. 31, 2014
Quarterly Financial Information Disclosure [Abstract]
Quarterly Results (Unaudited)	Quarterly Results (Unaudited)
	Presented below is a summary of the unaudited quarterly financial information for the years ended December 31, 2014 2013:


		Quarters Ended
		Predecessor			Successor
	(In thousands, except for share amounts)	Period from January 1 to March 20, 2014			Period from March 21 to March 31, 2014			June 30, 2014			September 30, 2014			December 31, 2014
	Total revenues	$	8,245		$	1,320		$	11,460		$	11,387		$	10,704

	Net loss attributable to stockholders	$	(605	)	$	(5,282	)	$	(82	)	$	(3,549	)	$	(5,928	)
	Basic and diluted weighted average common shares outstanding	NA			68,622			398,796			2,792,350			7,959,303

	Basic and diluted net loss per share attributable to stockholders	NA			$	(76.97	)	$	(0.21	)	$	(1.27	)	$	(0.74	)




		Quarters Ended
		Predecessor
	(In thousands, except for share amounts)	March 31, 2013			June 30, 2013			September 30, 2013			December 31, 2013
	Total revenues	$	8,776		$	10,988		$	10,413		$	9,620

	Net income (loss) attributable to stockholders	$	(971	)	$	978		$	468		$	(370	)

	Basic and diluted weighted average common shares outstanding	NA			NA			NA			NA

	Basic and diluted net loss per share attributable to stockholders	NA			NA			NA			NA

	___________________________________________________
	NA - not applicable

Subsequent_Events

Subsequent Events

12 Months Ended

Dec. 31, 2014

Subsequent Events [Abstract]

Subsequent Events

The Company has evaluated subsequent events through the filing of this Annual Report on Form 10-K, and determined that there have not been any events that have occurred that would require adjustments to disclosures in the accompanying consolidated financial statements except for the following transactions:

Sales of Common Stock

As of March 15, 2015, the Company had 15.1 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 $375.1 million, including proceeds from shares issued under the DRIP. As of March 15, 2015, the aggregate value of all share issuances was $377.2 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 December 31, 2014

January 1, 2015 to March 15, 2015

Total

Common stock

252,854

122,233

375,087

Distributions Paid

On January 2, 2015, the Company paid distributions of $1.4 million to stockholders of record during the month of December 2014. Approximately $0.7 million of such distributions were paid in cash, while $0.7 million was reinvested to purchase 27,223 shares under the DRIP. On February 2, 2015, the Company paid distributions of $1.6 million to stockholders of record during the month of January 2015. Approximately $0.8 million of such distributions were paid in cash, while $0.8 million was reinvested to purchase 31,525 shares under the DRIP. On March 2, 2015, the Company paid distributions of $1.7 million to stockholders of record during the month of February 2015. Approximately $0.9 million of such distributions were paid in cash, while $0.8 million was reinvested to purchase 33,643 shares under the DRIP.

Acquisition

On February 27, 2015, the Company closed the Grace Acquisition (See Note 1 - Organization).

Schedule_III_Real_Estate_and_A

Schedule III - Real Estate and Accumulated Depreciation	12 Months Ended
Schedule III - Real Estate and Accumulated Depreciation	Dec. 31, 2014
SEC Schedule III, Real Estate and Accumulated Depreciation Disclosure [Abstract]
Schedule III, Real Estate and Accumulated Depreciation Disclosure

						Initial Cost				Subsequent Costs Capitalized				Gross Amount at December 31, 2014 (1)
	Property	U.S. State or Country	Acquisition	Debt at December 31, 2014		Land		Building and		Land		Building and Improvements		Land		Building and Improvements		Total		Accumulated
	Property	U.S. State or Country	Date	Debt at December 31, 2014		Land		Improvements		Land		Building and Improvements		Land		Building and Improvements		Total		Depreciation (2)
	Baltimore Courtyard Inner Harbor Hotel	MD	2014	$	24,980	$	4,960	$	34,343	$	—	$	1	$	4,960	$	34,344	$	39,304	$	(679	)
	Baltimore Courtyard Inner Harbor Hotel	MD	2014	$	24,980	$	4,960	$	34,343	$	—	$	1	$	4,960	$	34,344	$	39,304	$	(679	)
	Courtyard Providence Downtown Hotel	RI	2014	20,520		4,724		29,388		—		1,238		4,724		30,626		35,350		(586		)
	Courtyard Providence Downtown Hotel	RI	2014	20,520		4,724		29,388		—		1,238		4,724		30,626		35,350		(586		)
	Homewood Suites Stratford	CT	2014	—		2,377		13,874		—		2,332		2,377		16,206		18,583		(304		)
	Homewood Suites Stratford	CT	2014	—		2,377		13,874		—		2,332		2,377		16,206		18,583		(304		)
	Total			$	45,500	$	12,061	$	77,605	$	—	$	3,571	$	12,061	$	81,176	$	93,237	$	(1,569	)
	Total			$	45,500	$	12,061	$	77,605	$	—	$	3,571	$	12,061	$	81,176	$	93,237	$	(1,569	)
	___________________________________

	-1	The tax basis of aggregate land, buildings and improvements as of December 31, 2014 is $92.3 million.

	-2	Each of the properties has a depreciable life of: 40 years for buildings, 15 years for improvements.
	A summary of activity for real estate and accumulated depreciation for the period from March 21 to December 31, 2014(1):


			For the Period from March 21 to December 31, 2014
			For the Period from March 21 to December 31, 2014
	Land, buildings and improvements, at cost:
	Balance at March 21, 2014		$	89,666
	Balance at March 21, 2014		$	89,666
	Additions-Acquisitions		—
	Additions-Acquisitions		—
	Capital improvements		3,571
	Capital improvements		3,571
	Balance at December 31, 2014		$	93,237
	Balance at December 31, 2014		$	93,237


	Accumulated depreciation and amortization:
	Accumulated depreciation and amortization:
	Balance at March 21, 2014		$	—
	Balance at March 21, 2014		$	—
	Depreciation expense		(1,569		)
	Balance at December 31, 2014		$	(1,569	)
	___________________________________

	-1	The change in the real estate investments for the Predecessor has not been presented because the land, building and improvements were recorded by the Predecessor at the pre-acquisition basis.

Summary_of_Significant_Account1

Summary of Significant Accounting Policies (Policies)	12 Months Ended
Summary of Significant Accounting Policies (Policies)	Dec. 31, 2014
Accounting Policies [Abstract]
Principles of Consolidation/Combination and Basis of Presentation	Principles of Consolidation/Combination and Basis of Presentation
	The accompanying 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 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 year ended December 31, 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 consolidated/combined statement of operations for the period from March 21 to December 31, 2014 is $0.2 million of costs related to the Company for the period from January 1 to March 20, 2014.
Use of Estimates	Use of Estimates
Use of Estimates	The preparation of the accompanying 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 purchase price allocations to record investments in real estate, the useful lives of real estate and real estate taxes, as applicable.
Real Estate Investments and Below-Market Lease	Real Estate Investments and Below-Market Lease
	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.
	A disposal of a component of the Company or a group of components of the Company 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 the Company's operations and financial results. The Company is required 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 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. See Note 5. 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 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. No such impairment losses were recorded in the periods presented.
Cash and Cash Equivalents	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. The Federal Deposit Insurance Corporation ("FDIC"), only insures amounts up to $250,000 per depositor per insured bank. The Company expects to have cash and cash equivalents and restricted cash deposited in certain financial institutions in excess of federally insured levels.
Restricted Cash	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	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).
	The Company classifies the distributions from its investments in unconsolidated entities in the consolidated/combined statement of cash flows based upon an evaluation of the specific facts and circumstances of each distribution. For example, distributions of cash generated by property operations are classified as cash flows from operating activities. However, distributions received as a result of property sales are classified as cash flows from investing activities.
Revenue Recognition	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.
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 ended 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.
	Deferred tax assets and liabilities are recognized for the estimated future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases, and for net operating loss, capital loss, and tax credit carryovers. Deferred tax assets and liabilities are measured using enacted tax rates in effect for the year in which such amounts are expected to be realized or settled. The effect on deferred tax assets and liabilities from a change in tax rates is recognized in earnings in the period when the new rate is enacted. However, deferred tax assets are recognized only to the extent that it is more likely than not that they will be realized based on consideration of available evidence, including future reversals of existing taxable temporary differences, future projected taxable income and tax planning strategies.
	GAAP prescribes a recognition threshold and measurement attribute for the financial statement recognition and measurement of a tax position taken in a tax return. The Company must determine whether it is "more-likely-than-not" that a tax position will be sustained upon examination, including resolution of any related appeals or litigation processes, based on the technical merits of the position. Once it is determined that a position meets the more-likely-than-not recognition threshold, the position is measured at the largest amount of benefit that is greater than 50% likely of being realized upon settlement in order to determine the amount of benefit to recognize in the financial statements. This accounting standard applies to all tax positions related to income taxes. The Company recognizes accrued interest related to unrecognized tax benefits in interest expense and penalties in operating expenses.
Earnings/ Loss per Share	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
Advertising Costs	The Company expenses advertising costs as incurred.
Allowance for Doubtful Accounts	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
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 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)	12 Months Ended
	Dec. 31, 2014
Accounting Policies [Abstract]
Schedule of Accounts, Notes, Loans and Financing Receivable	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 consolidated/combined balance sheets, and are as follows (in thousands):


		Successor			Predecessor
		December 31, 2014			December 31, 2013
	Trade receivables	$	1,388		$	788

	Allowance for doubtful accounts	(45		)	(26		)
	Trade receivables, net of allowance	$	1,343		$	762

Real_Estate_Investments_Tables

Real Estate Investments (Tables)	12 Months Ended
	Dec. 31, 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	$	12,061

	Buildings and improvements	77,605

	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	110,130

	Contingent consideration on acquisition	(2,268		)
	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	$	41,388

Variable_Interest_Entities_and1

Variable Interest Entities and Investments in Unconsolidated Entities (Tables)	12 Months Ended
	Dec. 31, 2014
Variable Interest Entities and Investments in Unconsolidated Affiliates [Abstract]
Schedule of Variable Interest Entities	The maximum exposure to loss as a result of the Company’s and Predecessor's investments in unconsolidated entities as of December 31, 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	31-Dec-14					December 31, 2013				December 31, 2014				December 31, 2013				December 31, 2014					December 31, 2013
	HGI Blacksburg JV	$	10,063				$	10,663			$	1,631			$	893			$	11,694				$	11,556
	HGI Blacksburg JV	$	10,063				$	10,663			$	1,631			$	893			$	11,694				$	11,556
	Westin Virginia Beach JV	20,540					26,576				3,844				3,488				24,384					30,064
	Westin Virginia Beach JV	20,540					26,576				3,844				3,488				24,384					30,064
	Total	$	30,603				$	37,239			$	5,475			$	4,381			$	36,078				$	41,620
	Total	$	30,603				$	37,239			$	5,475			$	4,381			$	36,078				$	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.
	The Company’s and Predecessor's investments in unconsolidated entities as of December 31, 2014 and December 31, 2013, respectively, consist of the following (in thousands):


				Investment in Partnership
				Successor					Predecessor				Successor				Predecessor
	Partnership	Ownership Interest		December 31, 2014					December 31, 2013				For the Period from March 21 to December 31, 2014				For the Period from January 1 to March 20, 2014				Year Ended December 31, 2013
	HGI Blacksburg JV	24	%	$	1,631				$	893			$	110			$	(35	)		$	79
	HGI Blacksburg JV	24	%	$	1,631				$	893			$	110			$	(35	)		$	79
	Westin Virginia Beach JV	30.53	%	3,844					3,488				242				(131		)		(144		)
	Westin Virginia Beach JV	30.53	%	3,844					3,488				242				(131		)		(144		)
	Total			$	5,475				$	4,381			$	352			$	(166	)		$	(65	)
	Total			$	5,475				$	4,381			$	352			$	(166	)		$	(65	)
	Below is the summarized financial information for the HGI Blacksburg JV as of December 31, 2014 and December 31, 2013 and for the period from January 1 to March 20, 2014, for the period from March 21 to December 31, 2014 and for the year ended December 31, 2013 (in thousands):



		Successor				Predecessor
	(in thousands)	December 31, 2014				December 31, 2013
	Total Assets	$	14,659			$	14,835
	Total Assets	$	14,659			$	14,835
	Total Liabilities	10,482				11,113
	Total Liabilities	10,482				11,113



		Successor					Predecessor
		For the Period from March 21 to December 31, 2014					For the period from January 1 to March 20, 2014				Year Ended December 31, 2013
	Hotel revenue	$	3,981				$	687			$	4,440
	Hotel revenue	$	3,981				$	687			$	4,440
	Operating income (loss)	887					(47		)		794
	Operating income (loss)	887					(47		)		794
	Interest expense	(340		)			(97		)		(465		)
	Net income (loss)	$	547				$	(144	)		$	329
	Net income (loss)	$	547				$	(144	)		$	329
	Company's share of net income (loss)	132					(35		)		79
	Company's share of net income (loss)	132					(35		)		79
	Additional amortization expense (1)	(22		)			—				—
	Additional amortization expense (1)	(22		)			—				—
	Company's share of net income (loss)	$	110				$	(35	)		$	79
	Company's share of net income (loss)	$	110				$	(35	)		$	79
	____________________________________________________________________________
	(1) Amortization of the purchase price of the Company’s original interest in the HGI Blacksburg JV, less the Company's share of the JV's deficit, which resulted in a basis difference of $0.6 million.
	Below is the summarized financial information for the Westin Virginia Beach JV as of December 31, 2014 and December 31, 2013 and for the period from January 1 to March 20, 2014, for the period from March 21 to December 31, 2014 and for the year ended December 31, 2013 (in thousands):


		Successor				Predecessor
	(in thousands)	December 31, 2014				December 31, 2013
	Total Assets	$	30,816			$	31,035
	Total Assets	$	30,816			$	31,035
	Total Liabilities	22,168				28,991
	Total Liabilities	22,168				28,991



	Successor					Predecessor
	For the Period from March 21 to December 31, 2014					For the Period from January 1 to March 20, 2014				Year Ended December 31, 2013
Hotel revenue	$	10,146				$	2,070			$	11,232
Hotel revenue	$	10,146				$	2,070			$	11,232
Operating income (loss)	2,150					(67		)		1,228
Operating income (loss)	2,150					(67		)		1,228
Interest income	—					—				2
Interest income	—					—				2
Interest expense	(994		)			(304		)		(1,429		)
Forgiveness of debt	7,522					—				—
Forgiveness of debt	7,522					—				—
Net income (loss)	$	8,678				$	(371	)		$	(199	)
Net income (loss)	$	8,678				$	(371	)		$	(199	)
Company's share of net income (loss)	2,650					(113		)		(61		)
Company's share of net income (loss)	2,650					(113		)		(61		)
Additional amortization expense (1)	(111		)			(18		)		(83		)
Unrecognized gain by JV (2)	(2,297		)			—				—
Unrecognized gain by JV (2)	(2,297		)			—				—
Company's share of net income (loss)	$	242				$	(131	)		$	(144	)
Company's share of net income (loss)	$	242				$	(131	)		$	(144	)
_________________________________________________________________________
(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 JV's deficit, which resulted in a basis difference of $3.6 million.
(2) Represents gain recorded by the JV for the forgiveness of debt which is not recognized by the Company.

Leases_Tables

Leases (Tables)	12 Months Ended
	Dec. 31, 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
	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

	Year ended December 31, 2019	4,400		433

	Thereafter	60,133		5,895

	Total	$	82,133	$	8,060

Mortgage_Notes_Payable_Tables

Mortgage Notes Payable (Tables)	12 Months Ended
	Dec. 31, 2014
Debt Disclosure [Abstract]
Schedule of Long-term Debt Instruments	The Company’s and the Predecessor's mortgage note payable as of December 31, 2014 and December 31, 2013 consist of the following, respectively (in thousands):


	Successor
		Outstanding Mortgage Note Payable
	Encumbered Properties	31-Dec-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)

12 Months Ended

Dec. 31, 2014

Debt Disclosure [Abstract]

Schedule of Promissory Notes

The Company’s promissory notes payable as of December 31, 2014 are as follows (in thousands):

Outstanding Promissory Notes Payable

Use of Proceeds

31-Dec-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

—

Interest Only

May-15

Accounts_Payable_and_Accrued_E1

Accounts Payable and Accrued Expenses (Tables)	12 Months Ended
	Dec. 31, 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
		December 31, 2014		December 31, 2013
	Trade accounts payable and accrued expenses	$	7,412	$	2,745

	Contingent consideration from Barceló Acquisition (see Note 11)	2,384		—

	Deferred payment for Barceló Acquisition (see Note 11)	3,471		—

	Accrued salaries and related liabilities	952		819

	Georgia Tech Hotel lease obligation	—		1,733

	Total	$	14,219	$	5,297

Fair_Value_Measurements_Tables

Fair Value Measurements (Tables)	12 Months Ended
	Dec. 31, 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
		December 31, 2014				December 31, 2013
		Carrying Amount		Fair Value		Carrying Amount		Fair Value
	Mortgage note payable	$	45,500	$	44,582	$	41,449	$	38,921

	Promissory notes payable	64,849		64,849		—		—

	Contingent consideration on acquisition	2,384		2,384		—		—

	Deferred consideration	3,471		3,471		—		—

	Total	$	116,204	$	115,286	$	41,449	$	38,921

Related_Party_Transactions_and1

Related Party Transactions and Arrangements (Tables)	12 Months Ended
	Dec. 31, 2014
Related Party Transactions [Abstract]
Schedule of Related Party Transactions	The table below shows the interest expense paid by the Company during the year ended December 31, 2014 and the associated payable as of December 31, 2014, which is recorded in due to affiliates on the Company's consolidated/combined balance sheets, and the interest expense paid by the Predecessor for the year ended December 31, 2013 and the associated payable as of December 31, 2013 (in thousands):


			Year Ended						Payable as of
			December 31,
			2014			2013			31-Dec-14			31-Dec-13
	Interest payment related to the Grace deposit promissory note		$	151		$	—		$	—		$	—

	The table below shows the fees incurred from and payable to Georgia Tech Hotel during the year ended December 31, 2014 and 2013, respectively, and the associated payable as of December 31, 2014 and December 31, 2013, which is recorded in due to affiliates on the Company's consolidated/combined balance sheets (in thousands):


			Year Ended						Payable as of
			December 31,
			2014			2013			31-Dec-14			31-Dec-13
	Total offering related costs incurred to leased hotel		$	60		$	—		$	60		$	—

	The table below depicts the acquisition and financing coordination fees charged by the Advisor in connection with the operations of the Company for the year ended December 31, 2014 and 2013, respectively, and the associated payable as of December 31, 2014 and December 31, 2013, which is recorded in due to affiliates on the Company's consolidated/combined balance sheets (in thousands):


			Year Ended						Payable as of
			December 31,
			2014			2013			31-Dec-14			31-Dec-13
	Acquisition fees		$	1,598		$	—		$	—		$	—

	Financing coordination fees		815			—			—			—

			$	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 year ended December 31, 2014 and 2013, respectively, and the associated amounts payable as of December 31, 2014 and December 31, 2013, which is recorded in due to affiliates on the Company's consolidated/combined balance sheets (in thousands):


			Year Ended						Payable as of
			December 31,
			2014			2013			31-Dec-14			31-Dec-13
	Total compensation and reimbursement for services provided by the Advisor and its affiliates relating to the Offering		$	3,915		$	644		$	1,885		$	644

	The table below shows the management fees and reimbursable expenses incurred by the Company during the year ended December 31, 2014 and the associated payable as of December 31, 2014, which is recorded in due to affiliates on the Company's consolidated/combined balance sheets, and the management fees and reimbursable expenses incurred by the Predecessor for the year ended December 31, 2013 and the associated payable as of December 31, 2013, which is recorded in accounts payable and accrued expenses on the Predecessor's consolidated/combined balance sheets (in thousands):


			Year Ended						Payable as of
			December 31,
			2014			2013			31-Dec-14			31-Dec-13
	Total management fees and reimbursable expenses incurred from Sub-Property Manager		$	2,579		$	2,445		$	228		$	158

	Total management fees incurred from Property Manager		262			—			20			—

			$	2,841		$	2,445		$	248		$	158

	The table below shows the interest expense paid by the Company during the year ended December 31, 2014, and the associated payable as of December 31, 2014, which is recorded in due to affiliates on the Company's consolidated/combined balance sheets, and the interest expense paid by the Predecessor during the year ended December 31, 2013 and the associated payable as of December 31, 2013, which is recorded in accounts payable and accrued expenses on the Predecessor's consolidated/combined balance sheets (in thousands):


			Year Ended						Payable as of
			December 31,
			2014			2013			31-Dec-14			31-Dec-13
	Interest related to the Property improvement plan promissory note		$	63		$	—		$	20		$	—

	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 year ended December 31, 2014 and 2013, respectively, and the associated payable as of December 31, 2014 and December 31, 2013 (in thousands):


			Year Ended						Payable as of
			December 31,
			2014			2013			31-Dec-14			31-Dec-13
	Transaction fees and expenses		$	5,270		$	—		$	4,645		$	—

Advisory and investment banking fee		460			—			—			—

Total related party fees and reimbursements		$	5,730		$	—		$	4,645		$	—

The table below shows the fees incurred from and payable to the Dealer Manager for the Offering during the year ended December 31, 2014 and 2013, respectively, and the associated payable as of December 31, 2014 and December 31, 2013, which is recorded in due to affiliates on the Company's consolidated/combined balance sheets (in thousands):


		Year Ended						Payable as of
		December 31,
		2014			2013			31-Dec-14			31-Dec-13
Total commissions and fees incurred from the Dealer Manager		$	24,099		$	—		$	153		$	—

Income_Taxes_Tables

Income Taxes (Tables)	12 Months Ended
	Dec. 31, 2014
Income Tax Disclosure [Abstract]
Schedule of Components of Income Tax Expense (Benefit)	The components of income tax expense for the year ended December 31, 2014 are presented in the following table, in thousands. There was no income tax expense for the year ended December 31, 2013.


		Year Ended December 31,
		2014			2013
	Current:
	Federal	$	633		$	—

	State	91			—

		724			—

	Deferred:
	Federal	(116		)	—

	State	(17		)	—

		(133		)	—

	Income tax expense	$	591		$	—

Schedule of Effective Income Tax Rate Reconciliation	A reconciliation of the statutory federal income tax benefit of the Company's income tax expense is presented in the following table, in thousands. There was no income tax expense for the year ended December 31, 2013.


		Year Ended December 31,
		2014			2013
	Statutory federal income tax benefit	$	(4,845	)	$	—

	Effect of non-taxable REIT loss	5,361			—

	State income tax expense, net of federal tax benefit	73			—

	Other	2			—

	Income tax expense	$	591		$	—

Schedule of Deferred Tax Assets and Liabilities	The tax effect of each type of temporary difference and carryforward, that gives rise to the deferred tax assets and liabilities as of December 31, 2014 are presented in the following table, in thousands. There were no temporary differences or carryforwards for the year ended December 31, 2013.


		Year Ended December 31,
		2014			2013
	Deferred tax asset:
	Employee-related compensation	$	152		$	—

	Other	11			—

		163			—

	Deferred tax liability
	Investments in unconsolidated joint ventures	(30		)	—

	Total deferred tax liability	(30		)	—

	Net deferred tax asset	$	133		$	—

Quarterly_Results_Unaudited_Ta

Quarterly Results (Unaudited) (Tables)	12 Months Ended
	Dec. 31, 2014
Quarterly Financial Information Disclosure [Abstract]
Schedule of Quarterly Financial Information	Presented below is a summary of the unaudited quarterly financial information for the years ended December 31, 2014 2013:


		Quarters Ended
		Predecessor			Successor
	(In thousands, except for share amounts)	Period from January 1 to March 20, 2014			Period from March 21 to March 31, 2014			June 30, 2014			September 30, 2014			December 31, 2014
	Total revenues	$	8,245		$	1,320		$	11,460		$	11,387		$	10,704

	Net loss attributable to stockholders	$	(605	)	$	(5,282	)	$	(82	)	$	(3,549	)	$	(5,928	)
	Basic and diluted weighted average common shares outstanding	NA			68,622			398,796			2,792,350			7,959,303

	Basic and diluted net loss per share attributable to stockholders	NA			$	(76.97	)	$	(0.21	)	$	(1.27	)	$	(0.74	)




		Quarters Ended
		Predecessor
	(In thousands, except for share amounts)	March 31, 2013			June 30, 2013			September 30, 2013			December 31, 2013
	Total revenues	$	8,776		$	10,988		$	10,413		$	9,620

	Net income (loss) attributable to stockholders	$	(971	)	$	978		$	468		$	(370	)

	Basic and diluted weighted average common shares outstanding	NA			NA			NA			NA

	Basic and diluted net loss per share attributable to stockholders	NA			NA			NA			NA

Subsequent_Events_Tables

Subsequent Events (Tables)

12 Months Ended

Dec. 31, 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 December 31, 2014

January 1, 2015 to March 15, 2015

Total

Common stock

252,854

122,233

375,087

Organization_Narrative_Details

Organization - Narrative (Details) (USD $)	0 Months Ended	5 Months Ended	12 Months Ended	0 Months Ended
	Feb. 03, 2014	Dec. 31, 2013	Dec. 31, 2014	Nov. 11, 2014	23-May-14	Jan. 07, 2014
			company
			hotel
Class of Stock [Line Items]
Number of properties owned			6
Shares authorized (in shares)						80,000,000
Share price (in dollars per share)			$22.50
Maximum sale amount of shares			$2,000,000,000
Subscriptions required to break escrow	2,000,000
Common stock, outstanding			10,163,206
Proceeds from issuance of common stock, net		200,000	252,854,000
Common stock outstanding			254,000,000
Number of newly formed limited liability companies in Delaware			2
Closing consideration payable			3,500,000
The grace acquisition
Class of Stock [Line Items]
Number of properties owned				116	126
Aggregate contract purchase price				1,808,000,000
Proceeds from issuance or sale of equity					230,100,000
Proceeds from assumption of long-term debt					903,900,000
Funding through additional mortgage and mezzanine financing					227,000,000
Common stock
Class of Stock [Line Items]
Par value (in dollars per share)						0.01
Share price (in dollars per share)			$25			25
Distribution reinvestment plan
Class of Stock [Line Items]
Shares authorized (in shares)						21,052,631
Share price (in dollars per share)			$23.75
Share price as a percent of offering price			95.00%
Preferred equity interests \| The grace acquisition
Class of Stock [Line Items]
Proceeds from issuance of preferred limited partners units					447,100,000
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
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%
Preferred equity interests \| The grace acquisition \| Minimum
Class of Stock [Line Items]
Dividend rate per annum					7.50%
Preferred equity interests \| The grace acquisition \| Maximum
Class of Stock [Line Items]
Dividend rate per annum					8.00%
American Realty Capital Hospitality Special Limited Partner, LLC
Class of Stock [Line Items]
Expected contributed capital			2,020
Operating partnership units (in shares)			90
Secured debt \| The grace acquisition
Class of Stock [Line Items]
Long term debt assumed					801,100,000
Number of properties under loan					20
Mezzanine mortage \| The grace acquisition
Class of Stock [Line Items]
Long term debt assumed					$102,800,000
Number of one year extensions					3
London interbank offered rate (LIBOR) \| Secured debt \| The grace acquisition
Class of Stock [Line Items]
Basis spread on variable rate					3.11%
London interbank offered rate (LIBOR) \| Mezzanine mortage \| The grace acquisition
Class of Stock [Line Items]
Basis spread on variable rate					4.77%
Mezzanine mortage \| Secured debt \| The grace acquisition
Class of Stock [Line Items]
Number of properties under loan					96
One Year Extension Rate Interest Rate Option One \| London interbank offered rate (LIBOR) \| Secured debt \| The grace acquisition
Class of Stock [Line Items]
Basis spread on variable rate			6.00%
One Year Extension Rate Interest Rate Option Two \| London interbank offered rate (LIBOR) \| Secured debt \| The grace acquisition
Class of Stock [Line Items]
Basis spread on variable rate			6.25%

Summary_of_Significant_Account3

Summary of Significant Accounting Policies - Narrative (Details) (USD $)	0 Months Ended	12 Months Ended		9 Months Ended
	Feb. 03, 2014	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2014
	Feb. 03, 2014	segment	Dec. 31, 2013	Dec. 31, 2014
Summary of Significant Accounting Policies [Line Items]
Subscriptions required to break escrow	$2,000,000
Advertising expense		400,000	400,000
Number of reportable segments		1
Sales Revenue, Net
Summary of Significant Accounting Policies [Line Items]
Percentage of total consolidated/ combined revenues		100.00%
Predecessor \| Barcelo Crestline Corp.
Summary of Significant Accounting Policies [Line Items]
Total expenses				$200,000
Building
Summary of Significant Accounting Policies [Line Items]
Useful life		40 years
Land improvements
Summary of Significant Accounting Policies [Line Items]
Useful life		15 years
Furniture and fixtures
Summary of Significant Accounting Policies [Line Items]
Useful life		5 years
Minimum
Summary of Significant Accounting Policies [Line Items]
Period after which receivables are due		30 days
Maximum
Summary of Significant Accounting Policies [Line Items]
Period after which receivables are due		90 days

Summary_of_Significant_Account4

Summary of Significant Accounting Policies - Schedule of Accounts, Notes, Loans and Financing Receivable (Details) (USD $)	Dec. 31, 2014	Dec. 31, 2013
In Thousands, unless otherwise specified	Dec. 31, 2014	Dec. 31, 2013
Successor
Accounts, Notes, Loans and Financing Receivable [Line Items]
Trade receivables	$1,388
Allowance for doubtful accounts	-45
Trade receivables, net of allowance	1,343
Predecessor
Accounts, Notes, Loans and Financing Receivable [Line Items]
Trade receivables		788
Allowance for doubtful accounts		-26
Trade receivables, net of allowance		$762

Business_Combination_Schedule_

Business Combination - Schedule of Business Acquisitions (Details) (Successor, USD $)	0 Months Ended
In Thousands, unless otherwise specified	Mar. 21, 2014
Successor
Assets acquired and liabilities assumed
Land	$12,061
Buildings and improvements	77,605
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	110,130
Contingent consideration on acquisition	-2,268
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	$41,388

Business_Combination_Narrative

Business Combination - Narrative (Details) (USD $)	0 Months Ended
Business Combination - Narrative (Details) (USD $)	Mar. 21, 2014	Dec. 31, 2014
Business Acquisition [Line Items]
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
Successor
Business Acquisition [Line Items]
Assets acquired	110,130,000
Contingent consideration on acquisition	2,268,000
Deferred consideration acquired	$3,400,000

Variable_Interest_Entities_and2

Variable Interest Entities and Investments in Unconsolidated Entities - Narrative (Details) (USD $)	5 Months Ended	12 Months Ended	9 Months Ended	3 Months Ended	0 Months Ended
	Dec. 31, 2013	Dec. 31, 2014	Dec. 31, 2014	Mar. 20, 2014	Apr. 08, 2014	Apr. 17, 2011
	Dec. 31, 2013	Dec. 31, 2014	guarantor	Mar. 20, 2014	Apr. 08, 2014	Apr. 17, 2011
Variable Interest Entity [Line Items]
Partnership loan balance		$45,500,000	$45,500,000
HGI Blacksburg JV
Variable Interest Entity [Line Items]
Amount of capital distribution	0	240,000
HGI Blacksburg JV
Variable Interest Entity [Line Items]
Ownership Interest		24.00%
Number of guarantors on debt		4	4
Loan guarantee percentage		100.00%	100.00%
Distribution from unconsolidated affiliates	0		10,000
HGI Blacksburg JV \| HGI Blacksburg JV
Variable Interest Entity [Line Items]
Ownership Interest	24.00%	24.00%
Westin Virginia Beach JV
Variable Interest Entity [Line Items]
Ownership Interest		30.53%
Westin Virginia Beach JV \| Westin Virginia Beach JV
Variable Interest Entity [Line Items]
Ownership Interest	30.53%	30.53%
Predecessor
Variable Interest Entity [Line Items]
Partnership loan balance	37,239,000
Distribution from unconsolidated affiliates	0			0
Predecessor \| HGI Blacksburg JV
Variable Interest Entity [Line Items]
Partnership loan balance	10,663,000
Predecessor \| HGI Blacksburg JV \| Loan \| Blacksburg Loan
Variable Interest Entity [Line Items]
Amount of loan						13,000,000
Predecessor \| Westin Virginia Beach JV
Variable Interest Entity [Line Items]
Partnership loan balance	26,576,000
Loan guarantee percentage		100.00%	100.00%
Predecessor \| Westin Virginia Beach JV \| Loan \| West Virginia Beach Loan
Variable Interest Entity [Line Items]
Amount of loan					20,700,000
Predecessor \| Westin Virginia Beach JV \| Notes Payable \| Note C
Variable Interest Entity [Line Items]
Repayments of note payable					7,000,000
Extinguishment of Debt, Amount					500,000
Successor
Variable Interest Entity [Line Items]
Partnership loan balance		30,603,000	30,603,000
Distribution from unconsolidated affiliates			257,000
Successor \| HGI Blacksburg JV
Variable Interest Entity [Line Items]
Partnership loan balance		10,063,000	10,063,000
Successor \| Westin Virginia Beach JV
Variable Interest Entity [Line Items]
Partnership loan balance		$20,540,000	$20,540,000

Variable_Interest_Entities_and3

Variable Interest Entities and Investments in Unconsolidated Entities - Investments in Unconsolidated Affiliates (Details) (USD $)	3 Months Ended	5 Months Ended	9 Months Ended	12 Months Ended
In Thousands, unless otherwise specified	Mar. 20, 2014	Dec. 31, 2013	Dec. 31, 2014	Dec. 31, 2014
Successor
Schedule of Equity Method Investments [Line Items]
Investment in partnership			$5,475	$5,475
Income (Loss)			352
Predecessor
Schedule of Equity Method Investments [Line Items]
Investment in partnership		4,381
Income (Loss)	-166	-65
HGI Blacksburg JV
Schedule of Equity Method Investments [Line Items]
Ownership Interest				24.00%
Investment in partnership		893	1,631	1,631
Income (Loss)	-35	79	110
HGI Blacksburg JV \| Successor
Schedule of Equity Method Investments [Line Items]
Investment in partnership			1,631	1,631
HGI Blacksburg JV \| Predecessor
Schedule of Equity Method Investments [Line Items]
Investment in partnership		893
Westin Virginia Beach JV
Schedule of Equity Method Investments [Line Items]
Ownership Interest				30.53%
Investment in partnership		3,488	3,844	3,844
Income (Loss)	-131	-144	242
Westin Virginia Beach JV \| Successor
Schedule of Equity Method Investments [Line Items]
Investment in partnership			3,844	3,844
Westin Virginia Beach JV \| Predecessor
Schedule of Equity Method Investments [Line Items]
Investment in partnership		$3,488

Variable_Interest_Entities_and4

Variable Interest Entities and Investments in Unconsolidated Entities - VIE's (Details) (USD $)	Dec. 31, 2014	Dec. 31, 2013
In Thousands, unless otherwise specified	Dec. 31, 2014	Dec. 31, 2013
Variable Interest Entity [Line Items]
Partnership loan balance	$45,500
Successor
Variable Interest Entity [Line Items]
Partnership loan balance	30,603
Investment in partnership	5,475
Partnership maximum exposure to loss	36,078
Predecessor
Variable Interest Entity [Line Items]
Partnership loan balance		37,239
Investment in partnership		4,381
Partnership maximum exposure to loss		41,620
HGI Blacksburg JV
Variable Interest Entity [Line Items]
Investment in partnership	1,631	893
HGI Blacksburg JV \| Successor
Variable Interest Entity [Line Items]
Partnership loan balance	10,063
Investment in partnership	1,631
Partnership maximum exposure to loss	11,694
HGI Blacksburg JV \| Predecessor
Variable Interest Entity [Line Items]
Partnership loan balance		10,663
Investment in partnership		893
Partnership maximum exposure to loss		11,556
Westin Virginia Beach JV
Variable Interest Entity [Line Items]
Investment in partnership	3,844	3,488
Westin Virginia Beach JV \| Successor
Variable Interest Entity [Line Items]
Partnership loan balance	20,540
Investment in partnership	3,844
Partnership maximum exposure to loss	24,384
Westin Virginia Beach JV \| Predecessor
Variable Interest Entity [Line Items]
Partnership loan balance		26,576
Investment in partnership		3,488
Partnership maximum exposure to loss		$30,064

Variable_Interest_Entities_and5

Variable Interest Entities and Investments in Unconsolidated Entities - BSE/AH BLACKSBURG HOTEL, LLC (Details) (USD $)	3 Months Ended	9 Months Ended	3 Months Ended				5 Months Ended	0 Months Ended	3 Months Ended
	Mar. 20, 2014	Dec. 31, 2014	Dec. 31, 2013	Sep. 30, 2013	Jun. 30, 2013	Mar. 31, 2013	Dec. 31, 2013	Mar. 31, 2014	Dec. 31, 2014	Sep. 30, 2014	Jun. 30, 2014
Variable Interest Entity [Line Items]
Net income (loss) and comprehensive income (loss)	($605,000)	($14,841,000)
Predecessor
Variable Interest Entity [Line Items]
Total assets			135,242,000				135,242,000
Total liabilities			46,746,000				46,746,000
Hotel revenue	6,026,000						30,489,000
Interest expense	-531,000						-2,265,000
Net income (loss) and comprehensive income (loss)	-605,000		-370,000	468,000	978,000	-971,000	105,000
Company's share of net income (loss)	-166,000						-65,000
Successor
Variable Interest Entity [Line Items]
Total assets		333,374,000							333,374,000
Total liabilities		131,579,000							131,579,000
Hotel revenue		26,163,000
Interest expense		-5,958,000
Net income (loss) and comprehensive income (loss)		-14,841,000						-5,282,000	-5,928,000	-3,549,000	-82,000
Company's share of net income (loss)		352,000
HGI Blacksburg JV
Variable Interest Entity [Line Items]
Difference in basis		600,000							600,000
HGI Blacksburg JV \| Predecessor
Variable Interest Entity [Line Items]
Hotel revenue	687,000						4,440,000
Operating income (loss)	-47,000						794,000
Interest expense	-97,000						-465,000
Net income (loss) and comprehensive income (loss)	-144,000						329,000
Company's share of net income (loss)	-35,000						79,000
Additional amortization expense	0						0
Company's share of net income (loss)	-35,000						79,000
HGI Blacksburg JV \| Successor
Variable Interest Entity [Line Items]
Total assets		14,659,000	14,835,000				14,835,000		14,659,000
Total liabilities		10,482,000	11,113,000				11,113,000		10,482,000
Hotel revenue		3,981,000
Operating income (loss)		887,000
Interest expense		-340,000
Net income (loss) and comprehensive income (loss)		547,000
Company's share of net income (loss)		132,000
Additional amortization expense		-22,000
Company's share of net income (loss)		$110,000

Variable_Interest_Entities_and6

Variable Interest Entities and Investments in Unconsolidated Entities - TCA Block 7, LLC (Details) (USD $)	3 Months Ended	9 Months Ended	0 Months Ended	3 Months Ended							5 Months Ended	9 Months Ended
	Mar. 20, 2014	Dec. 31, 2014	Mar. 31, 2014	Dec. 31, 2014	Sep. 30, 2014	Jun. 30, 2014	Dec. 31, 2013	Sep. 30, 2013	Jun. 30, 2013	Mar. 31, 2013	Dec. 31, 2013	Sep. 30, 2013
Variable Interest Entity [Line Items]
Net income (loss) and comprehensive income (loss)	($605,000)	($14,841,000)
Successor
Variable Interest Entity [Line Items]
Total assets		333,374,000		333,374,000
Total liabilities		131,579,000		131,579,000
Hotel revenue		26,163,000
Interest expense		-5,958,000
Net income (loss) and comprehensive income (loss)		-14,841,000	-5,282,000	-5,928,000	-3,549,000	-82,000
Company's share of net income (loss)		352,000
Predecessor
Variable Interest Entity [Line Items]
Total assets							135,242,000				135,242,000
Total liabilities							46,746,000				46,746,000
Hotel revenue	6,026,000										30,489,000
Interest expense	-531,000										-2,265,000
Net income (loss) and comprehensive income (loss)	-605,000						-370,000	468,000	978,000	-971,000	105,000
Company's share of net income (loss)	-166,000										-65,000
Westin Virginia Beach JV \| Successor
Variable Interest Entity [Line Items]
Total assets		30,816,000		30,816,000			31,035,000				31,035,000
Total liabilities		22,168,000		22,168,000			28,991,000				28,991,000
Hotel revenue		10,146,000
Operating income (loss)		2,150,000
Interest income		0
Interest expense		-994,000
Forgiveness of debt		7,522,000
Net income (loss) and comprehensive income (loss)		8,678,000
Company's share of net income (loss)		2,650,000
Additional amortization expense		-111,000
Unrecognized gain by JV		-2,297,000
Company's share of net income (loss)		242,000
Difference in basis		3,600,000		3,600,000
Westin Virginia Beach JV \| Predecessor
Variable Interest Entity [Line Items]
Hotel revenue	2,070,000											11,232,000
Operating income (loss)	-67,000											1,228,000
Interest income	0											2,000
Interest expense	-304,000											-1,429,000
Forgiveness of debt	0											0
Net income (loss) and comprehensive income (loss)	-371,000											-199,000
Company's share of net income (loss)	-113,000											-61,000
Additional amortization expense	-18,000											-83,000
Unrecognized gain by JV	0											0
Company's share of net income (loss)	-131,000											-144,000
Difference in basis		$3,400,000		$3,400,000

Leases_Narrative_Details

Leases - Narrative (Details) (USD $)	12 Months Ended	9 Months Ended	3 Months Ended	5 Months Ended
In Thousands, unless otherwise specified	Dec. 31, 2014	Dec. 31, 2014	Mar. 20, 2014	Dec. 31, 2013
Operating Leased Assets [Line Items]
Initial lease term	30 years
Lease extension term	10 years
Successor
Operating Leased Assets [Line Items]
Rent		$3,879
Predecessor
Operating Leased Assets [Line Items]
Rent			933	4,321
Georgia Tech Hotel
Operating Leased Assets [Line Items]
Rent	300

Leases_Schedule_of_Future_Mini

Leases - Schedule of Future Minimum Lease Payments for Operating Leases (Details) (USD $)	Dec. 31, 2014
In Thousands, unless otherwise specified	Dec. 31, 2014
Minimum Rental Commitments
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
Year ended December 31, 2019	4,400
Thereafter	60,133
Total	82,133
Amortization of Lease Intangible to Rent Expense
Year ended December 31, 2015	433
Year ended December 31, 2016	433
Year ended December 31, 2017	433
Year ended December 31, 2018	433
Year ended December 31, 2019	433
Thereafter	5,895
Total	$8,060

Mortgage_Notes_Payable_Schedul

Mortgage Notes Payable - Schedule of Long-term Debt Instruments (Details) (USD $)	5 Months Ended
In Thousands, unless otherwise specified	Dec. 31, 2013	Dec. 31, 2014
Successor
Debt Instrument [Line Items]
Mortgage note payable		$45,500
Successor \| Mortgage note payable
Debt Instrument [Line Items]
Mortgage note payable		45,500
Interest Rate (percent)		4.30%
Predecessor
Debt Instrument [Line Items]
Mortgage note payable	41,449
Predecessor \| Mortgage note payable
Debt Instrument [Line Items]
Mortgage note payable	$41,449
Basis spread on variable rate	4.55%
Predecessor \| Mortgage note payable \| London interbank offered rate (LIBOR)
Debt Instrument [Line Items]
LIBOR floor	0.50%

Mortgage_Notes_Payable_Narrati

Mortgage Notes Payable - Narrative (Details) (USD $)	9 Months Ended	3 Months Ended	5 Months Ended
In Millions, unless otherwise specified	Dec. 31, 2014	Mar. 20, 2014	Dec. 31, 2013
Successor
Debt Instrument [Line Items]
Interest expense	$1.60
Predecessor
Debt Instrument [Line Items]
Interest expense		$0.50	$2.10
Mortgage note payable \| Predecessor
Debt Instrument [Line Items]
Interest rate			5.05%

Promissory_Notes_Payable_Narra

Promissory Notes Payable - Narrative (Details) (USD $)	9 Months Ended	12 Months Ended
Promissory Notes Payable - Narrative (Details) (USD $)	Dec. 31, 2014	Dec. 31, 2014
Debt Instrument [Line Items]
Minimum equity raised from offering for contingent consideration	$70,000,000	$70,000,000
The grace acquisition
Debt Instrument [Line Items]
Earnest money deposit	50,000,000	50,000,000
Successor
Debt Instrument [Line Items]
Promissory notes payable	64,849,000	64,849,000
Repayment of affiliate note payable used to fund acquisition deposit	40,500,000	40,500,000
Interest expense	1,600,000
Promissory notes payable
Debt Instrument [Line Items]
Minimum common equity raised requirement for ten day maturity of notes	150,000,000	150,000,000
Interest expense	3,600,000
Promissory notes payable \| The grace acquisition
Debt Instrument [Line Items]
Earnest money deposit	45,000,000	45,000,000
Promissory notes payable \| Successor \| BarcelC3 acquisition
Debt Instrument [Line Items]
Promissory notes payable	$63,074,000	$63,074,000

Promissory_Notes_Payable_Sched

Promissory Notes Payable - Schedule of Promissory Notes (Details) (Successor, USD $)	Dec. 31, 2014
In Thousands, unless otherwise specified	Dec. 31, 2014
Debt Instrument [Line Items]
Promissory notes payable	$64,849
Promissory notes payable \| BarcelC3 acquisition
Debt Instrument [Line Items]
Promissory notes payable	63,074
Interest Rate (percent)	6.80%
Promissory notes payable \| Property improvement plan
Debt Instrument [Line Items]
Promissory notes payable	1,775
Interest Rate (percent)	4.50%
Promissory notes payable \| Grace Acquisition deposit
Debt Instrument [Line Items]
Promissory notes payable	$0
Interest Rate (percent)	6.00%

Accounts_Payable_and_Accrued_E2

Accounts Payable and Accrued Expenses - Schedule of Accounts Payable and Accrued Liabilities (Details) (USD $)	Dec. 31, 2014	Dec. 31, 2013
In Thousands, unless otherwise specified	Dec. 31, 2014	Dec. 31, 2013
Successor
Accounts Payable and Accrued Expenses [Line Items]
Other accounts payable and accrued expenses	$7,412
Contingent consideration from acquisition	2,384
Deferred payment for acquisition	3,471
Accrued salaries and related liabilities	952
Georgia Tech Hotel lease obligation	0
Accounts Payable and Accrued Liabilities	14,219
Predecessor
Accounts Payable and Accrued Expenses [Line Items]
Other accounts payable and accrued expenses		2,745
Contingent consideration from acquisition		0
Deferred payment for acquisition		0
Accrued salaries and related liabilities		819
Georgia Tech Hotel lease obligation		1,733
Accounts Payable and Accrued Liabilities		$5,297

Common_Stock_Narrative_Details

Common Stock - Narrative (Details) (USD $)	0 Months Ended	5 Months Ended	12 Months Ended	9 Months Ended
In Thousands, except Share data, unless otherwise specified	Feb. 03, 2014	Dec. 31, 2013	Dec. 31, 2014	Dec. 31, 2014	Mar. 20, 2014
Class of Stock [Line Items]
Common stock, outstanding			10,163,206	10,163,206
Proceeds from issuance of common stock, net		$200	$252,854
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	22.5
Common stock
Class of Stock [Line Items]
Common stock, outstanding		8,888	10,163,206	10,163,206	114,497
Common stock issued through Distribution Reinvestment Plan (in shares)		0	63,998	63,998
Share Repurchase Program
Class of Stock [Line Items]
Maximum percentage of shares authorized to repurchase during year (percent)			5.00%
One Year \| Share Repurchase Program
Class of Stock [Line Items]
Share price (in dollars per share)			$23.13	23.13
Share repurchase price maximum percent of price paid (percent)			92.50%	92.50%
Two Years \| Share Repurchase Program
Class of Stock [Line Items]
Share price (in dollars per share)			$23.75	23.75
Share repurchase price maximum percent of price paid (percent)			95.00%	95.00%
Three Years \| Share Repurchase Program
Class of Stock [Line Items]
Share price (in dollars per share)			$24.38	24.38
Share repurchase price maximum percent of price paid (percent)			97.50%	97.50%
Four Years \| Share Repurchase Program
Class of Stock [Line Items]
Share price (in dollars per share)			$25	25
Share repurchase price maximum percent of price paid (percent)			100.00%	100.00%
Four Months \| Share Repurchase Program
Class of Stock [Line Items]
Short-term trading fee (percent)			2.00%
Restricted Unvested Common Stock
Class of Stock [Line Items]
Common stock, outstanding			8,888	8,888

Fair_Value_Measurements_Fair_V

Fair Value Measurements - Fair Value by Balance Sheet Grouping (Details) (Fair Value, Inputs, Level 3, USD $)	Dec. 31, 2014	Dec. 31, 2013
In Thousands, unless otherwise specified	Dec. 31, 2014	Dec. 31, 2013
Successor \| Carrying Amount
Fair Value, Investments, Entities that Calculate Net Asset Value Per Share [Line Items]
Fair value of debt	$116,204
Successor \| Fair Value
Fair Value, Investments, Entities that Calculate Net Asset Value Per Share [Line Items]
Fair value of debt	115,286
Predecessor \| Carrying Amount
Fair Value, Investments, Entities that Calculate Net Asset Value Per Share [Line Items]
Fair value of debt		41,449
Predecessor \| Fair Value
Fair Value, Investments, Entities that Calculate Net Asset Value Per Share [Line Items]
Fair value of debt		38,921
Mortgage note payable \| Successor \| Carrying Amount
Fair Value, Investments, Entities that Calculate Net Asset Value Per Share [Line Items]
Fair value of debt	45,500
Mortgage note payable \| Successor \| Fair Value
Fair Value, Investments, Entities that Calculate Net Asset Value Per Share [Line Items]
Fair value of debt	44,582
Mortgage note payable \| Predecessor \| Carrying Amount
Fair Value, Investments, Entities that Calculate Net Asset Value Per Share [Line Items]
Fair value of debt		41,449
Mortgage note payable \| Predecessor \| Fair Value
Fair Value, Investments, Entities that Calculate Net Asset Value Per Share [Line Items]
Fair value of debt		38,921
Promissory notes payable \| Successor \| Carrying Amount
Fair Value, Investments, Entities that Calculate Net Asset Value Per Share [Line Items]
Fair value of debt	64,849
Promissory notes payable \| Successor \| Fair Value
Fair Value, Investments, Entities that Calculate Net Asset Value Per Share [Line Items]
Fair value of debt	64,849
Promissory notes payable \| Predecessor \| Carrying Amount
Fair Value, Investments, Entities that Calculate Net Asset Value Per Share [Line Items]
Fair value of debt		0
Promissory notes payable \| Predecessor \| Fair Value
Fair Value, Investments, Entities that Calculate Net Asset Value Per Share [Line Items]
Fair value of debt		0
Contingent consideration on acquisition \| Successor \| Carrying Amount
Fair Value, Investments, Entities that Calculate Net Asset Value Per Share [Line Items]
Fair value of debt	2,384
Contingent consideration on acquisition \| Successor \| Fair Value
Fair Value, Investments, Entities that Calculate Net Asset Value Per Share [Line Items]
Fair value of debt	2,384
Contingent consideration on acquisition \| Predecessor \| Carrying Amount
Fair Value, Investments, Entities that Calculate Net Asset Value Per Share [Line Items]
Fair value of debt		0
Contingent consideration on acquisition \| Predecessor \| Fair Value
Fair Value, Investments, Entities that Calculate Net Asset Value Per Share [Line Items]
Fair value of debt		0
Deferred consideration \| Successor \| Carrying Amount
Fair Value, Investments, Entities that Calculate Net Asset Value Per Share [Line Items]
Fair value of debt	3,471
Deferred consideration \| Successor \| Fair Value
Fair Value, Investments, Entities that Calculate Net Asset Value Per Share [Line Items]
Fair value of debt	3,471
Deferred consideration \| Predecessor \| Carrying Amount
Fair Value, Investments, Entities that Calculate Net Asset Value Per Share [Line Items]
Fair value of debt		0
Deferred consideration \| Predecessor \| Fair Value
Fair Value, Investments, Entities that Calculate Net Asset Value Per Share [Line Items]
Fair value of debt		$0

Commitments_and_Contingencies_

Commitments and Contingencies - Narrative (Details) (USD $)	12 Months Ended
Commitments and Contingencies - Narrative (Details) (USD $)	Dec. 31, 2014
Commitments and Contingencies Disclosure [Abstract]
Capitalization rate	8.40%
Closing costs payable in 2015	$3,000,000
Closing costs payable in 2016	500,000
Closing consideration payable	3,500,000
Minimum equity raised from offering for contingent consideration	$70,000,000

Related_Party_Transactions_and2

Related Party Transactions and Arrangements - Narrative (Details) (USD $)	12 Months Ended	9 Months Ended		12 Months Ended	5 Months Ended
	Dec. 31, 2014	Dec. 31, 2014		Dec. 31, 2013	Dec. 31, 2013
Related Party Transaction [Line Items]
Common stock, outstanding	10,163,206	10,163,206
Liability for initial public offering costs (percent)	2.00%
Offering and related costs in excess of gross proceeds form the offering limit	$2,400,000	$2,400,000		$1,500,000	$1,500,000
Quarterly asset management fee earned (percent)	0.19%	0.19%
Share price (in dollars per share)	$22.50	$22.50
Conversion threshold for units of aggregate capital contributed (percent)	6.00%	6.00%
Property management fee (percent)	4.00%
Sub-property management fee (percent)	15.00%
Sub-property management fee, benchmark rate of total investment (percent)	8.50%
Successor
Related Party Transaction [Line Items]
Common stock, outstanding	10,163,206	10,163,206
Due to affiliates	7,011,000	7,011,000		600,000	600,000
Proceeds receivable from share sales		1,564,000	[1]
Common stock, issued	10,163,206	10,163,206
Repayment of affiliate note payable used to fund acquisition deposit	40,500,000	40,500,000
The grace acquisition
Related Party Transaction [Line Items]
Earnest money deposit	50,000,000	50,000,000
The grace acquisition \| Promissory notes payable
Related Party Transaction [Line Items]
Earnest money deposit	45,000,000	45,000,000
Common class B
Related Party Transaction [Line Items]
Common stock, issued	27,820.88	27,820.88
Special limited partner
Related Party Transaction [Line Items]
Common stock, outstanding	8,888	8,888
Subordinated incentive listing distribution (percent)	15.00%	15.00%
Special limited partner \| Annual targeted investor return
Related Party Transaction [Line Items]
Cumulative capital investment return (percent)	6.00%	6.00%
Dealer manager
Related Party Transaction [Line Items]
Due to affiliates	4,645,000	4,645,000		0	0
Sales commissions earned by related party (percent)	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%
Fees incurred with the offering	5,730,000			0
Dealer manager \| Offering costs other than selling, commissions and dealer fees
Related Party Transaction [Line Items]
Fees incurred with the offering					1,500,000
Dealer manager \| Strategic advisory services and investment banking services contract
Related Party Transaction [Line Items]
Amount of agreement	900,000
Dealer manager \| Strategic financial advice and assistance with grace acquisition
Related Party Transaction [Line Items]
Fees incurred with the offering	4,500,000
Related party rate	0.25%
Affiliated entity \| Transaction management services in connection with grace acquisition
Related Party Transaction [Line Items]
Acquisition and transaction related costs	1,000,000	1,000,000
Payment of acquisition and transaction related costs	600,000
Acquisition and transaction related costs, payable amount	$100,000	$100,000
ARC realty finance advisors, LLC
Related Party Transaction [Line Items]
Real estate acquisition fee	1.50%	1.50%
Real estate acquisition fee reimbursement maximum (percent)	0.10%	0.10%
Real estate acquisition fee acquisition cost reimbursement aggregate (percent)	1.90%	1.90%
Real estate acquisition fee acquisition maximum (percent)	4.50%	4.50%
Annual asset management fee lower of cost of assets or net asset value (percent)	0.75%	0.75%
Reimbursement costs for administrative services maximum of operating expenses (percent)	2.00%	2.00%
Reimbursement costs for administrative services maximum of net income (percent)	25.00%	25.00%
Subordinated performance fee return threshold (percent)	6.00%	6.00%
Subordinated participation in asset sale fee (percent)	15.00%	15.00%
Subordinated participation in asset sale fee maximum (percent)	10.00%	10.00%
Transaction termination or nonrenewal of advisory agreement fee (percent)	15.00%	15.00%
Termination or nonrenewal of advisory agreement fee threshold (percent)	6.00%	6.00%
ARC realty finance advisors, LLC \| Brokerage commission fees
Related Party Transaction [Line Items]
Real estate commission earned by related party (percent)	2.00%	2.00%
ARC realty finance advisors, LLC \| Brokerage fee commission for third party
Related Party Transaction [Line Items]
Real estate commission earned by related party (percent)	50.00%	50.00%
ARC realty finance advisors, LLC \| Real estate commissions
Related Party Transaction [Line Items]
Real estate commission earned by related party (percent)	6.00%	6.00%
Participating broker dealers
Related Party Transaction [Line Items]
Sales commissions earned by related party (percent)	7.50%	7.50%
Brokerage fees earned by related party (percent)	1.00%	1.00%

[1]	The proceeds receivable from the sale of shares of common equity was received by the Company prior to the filing date of this Annual Report on Form 10-K.

Related_Party_Transactions_and3

Related Party Transactions and Arrangements - Fees Paid in Connection with the Offering (Details) (USD $)	12 Months Ended		5 Months Ended
In Thousands, unless otherwise specified	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2013
Dealer manager
Related Party Transaction [Line Items]
Fees incurred with the offering	$5,730	$0
Due to affiliates	4,645	0	0
Commissions and Brokerage Fees \| Dealer manager
Related Party Transaction [Line Items]
Fees incurred with the offering	24,099		0
Due to affiliates	153	0	0
Compensation and Reimbursement for Services \| Advisor and Affiliates
Related Party Transaction [Line Items]
Fees incurred with the offering	3,915		644
Due to affiliates	1,885	644	644
Offering Costs [Member] \| Hotel Leases
Related Party Transaction [Line Items]
Fees incurred with the offering	60		0
Due to affiliates	$60	$0	$0

Related_Party_Transactions_and4

Related Party Transactions and Arrangements - Fees Paid in Connection With the Operations of the Company (Details) (USD $)	5 Months Ended	12 Months Ended
In Thousands, unless otherwise specified	Dec. 31, 2013	Dec. 31, 2014	Dec. 31, 2013
Advisor
Related Party Transaction [Line Items]
Fees incurred with the offering	$0	$2,413
Due to affiliates	0	0	0
Property Manager
Related Party Transaction [Line Items]
Fees incurred with the offering	2,445	2,841
Due to affiliates	158	248	158
Dealer manager
Related Party Transaction [Line Items]
Fees incurred with the offering		5,730	0
Due to affiliates	0	4,645	0
Acquisition fees \| Advisor
Related Party Transaction [Line Items]
Fees incurred with the offering	0	1,598
Due to affiliates	0	0	0
Financing coordination fees \| Advisor
Related Party Transaction [Line Items]
Fees incurred with the offering	0	815
Due to affiliates	0	0	0
Interest payment related to the Grade deposit promissory note
Related Party Transaction [Line Items]
Fees incurred with the offering	0	151
Due to affiliates	0	0	0
Total management fees and reimbursable expenses paid to Sub-Property Manager \| Property Manager
Related Party Transaction [Line Items]
Fees incurred with the offering	2,445	2,579
Due to affiliates	158	228	158
Interest related to the Property improvement plan promissory note \| Property Manager
Related Party Transaction [Line Items]
Fees incurred with the offering	0	63
Due to affiliates	0	20	0
Transaction fees and expenses \| Dealer manager
Related Party Transaction [Line Items]
Fees incurred with the offering		5,270	0
Due to affiliates	0	4,645	0
Advisory and investment banking fee \| Dealer manager
Related Party Transaction [Line Items]
Fees incurred with the offering		460	0
Due to affiliates	0	0	0
Total management fees incurred \| Property Manager
Related Party Transaction [Line Items]
Fees incurred with the offering	0	262
Due to affiliates	$0	$20	$0

Income_Taxes_Narrative_Details

Income Taxes - Narrative (Details) (USD $)	Dec. 31, 2014	Dec. 31, 2013
In Thousands, unless otherwise specified	Dec. 31, 2014	Dec. 31, 2013
Income Tax Disclosure [Abstract]
Net deferred tax assets	$133	$0

Income_Taxes_Schedule_of_Compo

Income Taxes - Schedule of Components of Income Tax Expense (Benefit) (Details) (USD $)	5 Months Ended	12 Months Ended
In Thousands, unless otherwise specified	Dec. 31, 2013	Dec. 31, 2014
Current:
Federal	$0	$633
State	0	91
Current income tax expense (benefit)	0	724
Deferred:
Federal	0	-116
State	0	-17
Deferred income tax expense (benefit)	0	-133
Income tax expense (benefit)	$0	$591

Income_Taxes_Schedule_of_Effec

Income Taxes - Schedule of Effective Income Tax Rate Reconciliation (Details) (USD $)	5 Months Ended	12 Months Ended
In Thousands, unless otherwise specified	Dec. 31, 2013	Dec. 31, 2014
Income Tax Disclosure [Abstract]
Statutory federal income tax benefit	$0	($4,845)
Effect of non-taxable REIT loss	0	5,361
State income tax expense, net of federal tax benefit	0	73
Other	0	2
Income tax expense (benefit)	$0	$591

Income_Taxes_Schedule_of_Defer

Income Taxes - Schedule of Deferred Tax Assets and Liabilities (Details) (USD $)	Dec. 31, 2014	Dec. 31, 2013
In Thousands, unless otherwise specified	Dec. 31, 2014	Dec. 31, 2013
Deferred tax asset:
Employee-related compensation	$152	$0
Other	11	0
Total deferred tax assets	163	0
Deferred tax liability
Investments in unconsolidated joint ventures	-30	0
Total deferred tax liability	30	0
Net deferred tax asset	$133	$0

Quarterly_Results_Unaudited_De

Quarterly Results (Unaudited) (Details) (USD $)	3 Months Ended	9 Months Ended	3 Months Ended				5 Months Ended	0 Months Ended	3 Months Ended
In Thousands, except Share data, unless otherwise specified	Mar. 20, 2014	Dec. 31, 2014	Dec. 31, 2013	Sep. 30, 2013	Jun. 30, 2013	Mar. 31, 2013	Dec. 31, 2013	Mar. 31, 2014	Dec. 31, 2014	Sep. 30, 2014	Jun. 30, 2014
Net income (loss) attributable to stockholders	($605)	($14,841)
Predecessor
Total revenues	8,245		9,620	10,413	10,988	8,776	39,797
Net income (loss) attributable to stockholders	-605		-370	468	978	-971	105
Successor
Total revenues		34,871						1,320	10,704	11,387	11,460
Net income (loss) attributable to stockholders		($14,841)						($5,282)	($5,928)	($3,549)	($82)
Basic and diluted weighted average common shares outstanding		2,826,352						68,622	7,959,303	2,792,350	398,796
Basic and diluted net loss per share (in dollars per share)		($5.25)						($76.97)	($0.74)	($1.27)	($0.21)

Subsequent_Events_Narrative_De

Subsequent Events - Narrative (Details) (USD $)	5 Months Ended	12 Months Ended	0 Months Ended				3 Months Ended
Subsequent Events - Narrative (Details) (USD $)	Dec. 31, 2013	Dec. 31, 2014	Mar. 15, 2015	Mar. 02, 2015	Feb. 02, 2015	Jan. 02, 2015	Mar. 15, 2015
Subsequent Event [Line Items]
Common stock, outstanding		10,163,206
Proceeds from issuance of common stock, net	$200,000	$252,854,000
Share price (in dollars per share)		$22.50
Subsequent event
Subsequent Event [Line Items]
Common stock, outstanding			15,102,299				15,102,299
Proceeds from issuance of common stock, net			375,087,000				122,233,000
Value of common stock			377,200,000				377,200,000
Share price (in dollars per share)			$25				$25
Share price DRIP (in dollars per share)			$23.75				$23.75
Dividends paid				1,700,000	1,600,000	1,400,000
Cash dividend				900,000	800,000	700,000
Payments for purchase of shares under DRIP				$800,000	$800,000	$700,000
Share reallocated under DRIP (in shares)				33,643.37	31,525.14	27,223.20

Subsequent_Events_Schedule_of_

Subsequent Events - Schedule of Common Stock Offerings (Details) (USD $)	5 Months Ended	12 Months Ended	0 Months Ended	3 Months Ended
In Thousands, unless otherwise specified	Dec. 31, 2013	Dec. 31, 2014	Mar. 15, 2015	Mar. 15, 2015
Subsequent Event [Line Items]
Proceeds from issuance of common stock, net	$200	$252,854
Subsequent event
Subsequent Event [Line Items]
Proceeds from issuance of common stock, net			$375,087	$122,233

Schedule_III_Real_Estate_and_A1

Schedule III - Real Estate and Accumulated Depreciation - Summary of Activity for Real Estate (Details) (USD $)	12 Months Ended
	Dec. 31, 2014	Mar. 21, 2014
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Partnership loan balance	$45,500,000
Initial cost of land	12,061,000
Initial cost of buildings and improvements	77,605,000
Subsequent costs capitalized for Land	0
Subsequent costs capitalized for buildings and improvements	3,571,000
Carrying amount of land	12,061,000
Carrying amount of buildings and improvements	81,176,000
Total	93,237,000	89,666,000
Accumulated depreciation	-1,569,000	0
Tax basis of aggregate land, buildings and improvements	92,300,000
Building
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Depreciable useful life	40 years
Building improvements
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Depreciable useful life	15 years
Baltimore Courtyard Inner Harbor Hotel \| MD
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Partnership loan balance	24,980,000
Initial cost of land	4,960,000
Initial cost of buildings and improvements	34,343,000
Subsequent costs capitalized for Land	0
Subsequent costs capitalized for buildings and improvements	1,000
Carrying amount of land	4,960,000
Carrying amount of buildings and improvements	34,344,000
Total	39,304,000
Accumulated depreciation	-679,000
Courtyard Providence Downtown Hotel \| RI
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Partnership loan balance	20,520,000
Initial cost of land	4,724,000
Initial cost of buildings and improvements	29,388,000
Subsequent costs capitalized for Land	0
Subsequent costs capitalized for buildings and improvements	1,238,000
Carrying amount of land	4,724,000
Carrying amount of buildings and improvements	30,626,000
Total	35,350,000
Accumulated depreciation	-586,000
Homewood Suites Stratford \| CT
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Partnership loan balance	0
Initial cost of land	2,377,000
Initial cost of buildings and improvements	13,874,000
Subsequent costs capitalized for Land	0
Subsequent costs capitalized for buildings and improvements	2,332,000
Carrying amount of land	2,377,000
Carrying amount of buildings and improvements	16,206,000
Total	18,583,000
Accumulated depreciation	($304,000)

Schedule_III_Real_Estate_and_A2

Schedule III - Real Estate and Accumulated Depreciation - Summary of Activity for Accumulated Depreciation (Details) (USD $)	9 Months Ended
In Thousands, unless otherwise specified	Dec. 31, 2014
Land, buildings and improvements, at cost:
Beginning Balance	$89,666
Additions-Acquisitions	0
Capital improvements	3,571
Ending Balance	93,237
Accumulated depreciation and amortization:
Beginning Balance	0
Depreciation expense	-1,569
Ending Balance	($1,569)