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    <link:label id="lab_us-gaap_DividendsPayableTable_B10E228462DF30573D9EFC2E71726E35_label_en-US" xlink:label="lab_us-gaap_DividendsPayableTable_B10E228462DF30573D9EFC2E71726E35" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Dividends Payable [Table]</link:label>
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    <link:label id="lab_us-gaap_StatementClassOfStockAxis_801B58849FD21F4783C6FC2E7173943D_label_en-US" xlink:label="lab_us-gaap_StatementClassOfStockAxis_801B58849FD21F4783C6FC2E7173943D" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Class of Stock [Axis]</link:label>
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    <link:label id="lab_us-gaap_ClassOfStockDomain_36323C11514C4B8CEADEFC2E7173E94B_terseLabel_en-US" xlink:label="lab_us-gaap_ClassOfStockDomain_36323C11514C4B8CEADEFC2E7173E94B" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Class of Stock [Domain]</link:label>
    <link:label id="lab_us-gaap_ClassOfStockDomain_36323C11514C4B8CEADEFC2E7173E94B_label_en-US" xlink:label="lab_us-gaap_ClassOfStockDomain_36323C11514C4B8CEADEFC2E7173E94B" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Class of Stock [Domain]</link:label>
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    <link:label id="lab_us-gaap_SeriesAPreferredStockMember_9EE50F224F0D5BDDE589FC2E71733C0A_terseLabel_en-US" xlink:label="lab_us-gaap_SeriesAPreferredStockMember_9EE50F224F0D5BDDE589FC2E71733C0A" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">7.875% Series A [Member]</link:label>
    <link:label id="lab_us-gaap_SeriesAPreferredStockMember_9EE50F224F0D5BDDE589FC2E71733C0A_label_en-US" xlink:label="lab_us-gaap_SeriesAPreferredStockMember_9EE50F224F0D5BDDE589FC2E71733C0A" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Series A Preferred Stock [Member]</link:label>
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    <link:label id="lab_us-gaap_SeriesBPreferredStockMember_4045F9E97112428D62B1FC2E71738F53_label_en-US" xlink:label="lab_us-gaap_SeriesBPreferredStockMember_4045F9E97112428D62B1FC2E71738F53" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Series B Preferred Stock [Member]</link:label>
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    <link:label id="lab_us-gaap_SeriesCPreferredStockMember_6CC39EBB3C2A85EFC6A1FC2E7173A815_terseLabel_en-US" xlink:label="lab_us-gaap_SeriesCPreferredStockMember_6CC39EBB3C2A85EFC6A1FC2E7173A815" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">6.50% Series C [Member]</link:label>
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    <link:label id="lab_us-gaap_DividendsPayableLineItems_DCF87F900B06D4E823D5FC2E7173860A_label_en-US" xlink:label="lab_us-gaap_DividendsPayableLineItems_DCF87F900B06D4E823D5FC2E7173860A" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Dividends Payable [Line Items]</link:label>
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    <link:label id="lab_us-gaap_DividendsPreferredStockAbstract_5471CF544433102DD43FFC2E71730948_label_en-US" xlink:label="lab_us-gaap_DividendsPreferredStockAbstract_5471CF544433102DD43FFC2E71730948" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Dividends, Preferred Stock [Abstract]</link:label>
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    <link:label id="lab_us-gaap_DividendsPayableDateOfRecordDayMonthAndYear_880442C1E83F1607153FFC2E7173C514_label_en-US" xlink:label="lab_us-gaap_DividendsPayableDateOfRecordDayMonthAndYear_880442C1E83F1607153FFC2E7173C514" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Dividends Payable, Date of Record</link:label>
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    <link:label id="lab_us-gaap_OtherNoncashIncomeExpense_80BCB983569C9DFA8EF75FD62987C4E3_negatedLabel_en-US" xlink:label="lab_us-gaap_OtherNoncashIncomeExpense_80BCB983569C9DFA8EF75FD62987C4E3" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">Other</link:label>
    <link:label id="lab_us-gaap_OtherNoncashIncomeExpense_80BCB983569C9DFA8EF75FD62987C4E3_label_en-US" xlink:label="lab_us-gaap_OtherNoncashIncomeExpense_80BCB983569C9DFA8EF75FD62987C4E3" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Other Noncash Income (Expense)</link:label>
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    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_IncreaseDecreaseInOperatingCapitalAbstract" xlink:label="loc_us-gaap_IncreaseDecreaseInOperatingCapitalAbstract_A98EE6E0F28B10AC0DB85FD62987C182" xlink:type="locator" />
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    <link:label id="lab_us-gaap_IncreaseDecreaseInRestrictedCashForOperatingActivities_F2032E4D1C66E72992125FD629874719_negatedLabel_en-US" xlink:label="lab_us-gaap_IncreaseDecreaseInRestrictedCashForOperatingActivities_F2032E4D1C66E72992125FD629874719" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">Restricted cash, net</link:label>
    <link:label id="lab_us-gaap_IncreaseDecreaseInRestrictedCashForOperatingActivities_F2032E4D1C66E72992125FD629874719_label_en-US" xlink:label="lab_us-gaap_IncreaseDecreaseInRestrictedCashForOperatingActivities_F2032E4D1C66E72992125FD629874719" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Increase (Decrease) in Restricted Cash for Operating Activities</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_IncreaseDecreaseInRestrictedCashForOperatingActivities" xlink:label="loc_us-gaap_IncreaseDecreaseInRestrictedCashForOperatingActivities_F2032E4D1C66E72992125FD629874719" xlink:type="locator" />
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    <link:label id="lab_us-gaap_IncreaseDecreaseInAccountsReceivable_CFA3AE7B74ECE083668A5FD6298754DF_negatedLabel_en-US" xlink:label="lab_us-gaap_IncreaseDecreaseInAccountsReceivable_CFA3AE7B74ECE083668A5FD6298754DF" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">Hotel receivables</link:label>
    <link:label id="lab_us-gaap_IncreaseDecreaseInAccountsReceivable_CFA3AE7B74ECE083668A5FD6298754DF_label_en-US" xlink:label="lab_us-gaap_IncreaseDecreaseInAccountsReceivable_CFA3AE7B74ECE083668A5FD6298754DF" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Increase (Decrease) in Accounts Receivable</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_IncreaseDecreaseInAccountsReceivable" xlink:label="loc_us-gaap_IncreaseDecreaseInAccountsReceivable_CFA3AE7B74ECE083668A5FD6298754DF" xlink:type="locator" />
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    <link:label id="lab_us-gaap_IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets_03DC761B01C2B524AE5C5FD629877ED1_negatedLabel_en-US" xlink:label="lab_us-gaap_IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets_03DC761B01C2B524AE5C5FD629877ED1" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">Prepaid expenses and other assets</link:label>
    <link:label id="lab_us-gaap_IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets_03DC761B01C2B524AE5C5FD629877ED1_label_en-US" xlink:label="lab_us-gaap_IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets_03DC761B01C2B524AE5C5FD629877ED1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Increase (Decrease) in Prepaid Expense and Other Assets</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets" xlink:label="loc_us-gaap_IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets_03DC761B01C2B524AE5C5FD629877ED1" xlink:type="locator" />
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    <link:label id="lab_us-gaap_EquityMethodInvestmentDividendsOrDistributions_46FB9D80D82DD208FED15FD629873F5A_terseLabel_en-US" xlink:label="lab_us-gaap_EquityMethodInvestmentDividendsOrDistributions_46FB9D80D82DD208FED15FD629873F5A" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Distributions from joint venture, net</link:label>
    <link:label id="lab_us-gaap_EquityMethodInvestmentDividendsOrDistributions_46FB9D80D82DD208FED15FD629873F5A_label_en-US" xlink:label="lab_us-gaap_EquityMethodInvestmentDividendsOrDistributions_46FB9D80D82DD208FED15FD629873F5A" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Proceeds from Equity Method Investment, Dividends or Distributions</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_EquityMethodInvestmentDividendsOrDistributions" xlink:label="loc_us-gaap_EquityMethodInvestmentDividendsOrDistributions_46FB9D80D82DD208FED15FD629873F5A" xlink:type="locator" />
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    <link:label id="lab_us-gaap_IncreaseDecreaseInAccountsPayableAndAccruedLiabilities_C3D952BD5B56C63B1FB35FD629872F57_verboseLabel_en-US" xlink:label="lab_us-gaap_IncreaseDecreaseInAccountsPayableAndAccruedLiabilities_C3D952BD5B56C63B1FB35FD629872F57" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Accounts payable and accrued expenses</link:label>
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    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_IncreaseDecreaseInAccountsPayableAndAccruedLiabilities" xlink:label="loc_us-gaap_IncreaseDecreaseInAccountsPayableAndAccruedLiabilities_C3D952BD5B56C63B1FB35FD629872F57" xlink:type="locator" />
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    <link:label id="lab_us-gaap_IncreaseDecreaseInCustomerDeposits_B9AF8A5509FF66AAE3535FD629874D46_terseLabel_en-US" xlink:label="lab_us-gaap_IncreaseDecreaseInCustomerDeposits_B9AF8A5509FF66AAE3535FD629874D46" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Advance deposits</link:label>
    <link:label id="lab_us-gaap_IncreaseDecreaseInCustomerDeposits_B9AF8A5509FF66AAE3535FD629874D46_label_en-US" xlink:label="lab_us-gaap_IncreaseDecreaseInCustomerDeposits_B9AF8A5509FF66AAE3535FD629874D46" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Increase (Decrease) in Customer Deposits</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_IncreaseDecreaseInCustomerDeposits" xlink:label="loc_us-gaap_IncreaseDecreaseInCustomerDeposits_B9AF8A5509FF66AAE3535FD629874D46" xlink:type="locator" />
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    <link:label id="lab_us-gaap_NetCashProvidedByUsedInOperatingActivities_38576DD640547B2A9B555FD629878D26_totalLabel_en-US" xlink:label="lab_us-gaap_NetCashProvidedByUsedInOperatingActivities_38576DD640547B2A9B555FD629878D26" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Net cash provided by (used in) operating activities</link:label>
    <link:label id="lab_us-gaap_NetCashProvidedByUsedInOperatingActivities_38576DD640547B2A9B555FD629878D26_label_en-US" xlink:label="lab_us-gaap_NetCashProvidedByUsedInOperatingActivities_38576DD640547B2A9B555FD629878D26" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Net Cash Provided by (Used in) Operating Activities</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_NetCashProvidedByUsedInOperatingActivities" xlink:label="loc_us-gaap_NetCashProvidedByUsedInOperatingActivities_38576DD640547B2A9B555FD629878D26" xlink:type="locator" />
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    <link:label id="lab_us-gaap_NetCashProvidedByUsedInInvestingActivitiesAbstract_2694331280F4FCBF23A55FD62987C5CF_verboseLabel_en-US" xlink:label="lab_us-gaap_NetCashProvidedByUsedInInvestingActivitiesAbstract_2694331280F4FCBF23A55FD62987C5CF" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Investing activities:</link:label>
    <link:label id="lab_us-gaap_NetCashProvidedByUsedInInvestingActivitiesAbstract_2694331280F4FCBF23A55FD62987C5CF_label_en-US" xlink:label="lab_us-gaap_NetCashProvidedByUsedInInvestingActivitiesAbstract_2694331280F4FCBF23A55FD62987C5CF" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Net Cash Provided by (Used in) Investing Activities [Abstract]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_NetCashProvidedByUsedInInvestingActivitiesAbstract" xlink:label="loc_us-gaap_NetCashProvidedByUsedInInvestingActivitiesAbstract_2694331280F4FCBF23A55FD62987C5CF" xlink:type="locator" />
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    <link:label id="lab_us-gaap_PaymentsToAcquireCommercialRealEstate_EECFF1A6C73C9B453B3F5FD62987887D_negatedLabel_en-US" xlink:label="lab_us-gaap_PaymentsToAcquireCommercialRealEstate_EECFF1A6C73C9B453B3F5FD62987887D" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">Acquisition of hotel properties</link:label>
    <link:label id="lab_us-gaap_PaymentsToAcquireCommercialRealEstate_EECFF1A6C73C9B453B3F5FD62987887D_label_en-US" xlink:label="lab_us-gaap_PaymentsToAcquireCommercialRealEstate_EECFF1A6C73C9B453B3F5FD62987887D" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Payments to Acquire Commercial Real Estate</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_PaymentsToAcquireCommercialRealEstate" xlink:label="loc_us-gaap_PaymentsToAcquireCommercialRealEstate_EECFF1A6C73C9B453B3F5FD62987887D" xlink:type="locator" />
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    <link:label id="lab_us-gaap_PaymentsForCapitalImprovements_1AE1CF9864FB7FBFF7195FD62987BDEE_negatedLabel_en-US" xlink:label="lab_us-gaap_PaymentsForCapitalImprovements_1AE1CF9864FB7FBFF7195FD62987BDEE" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">Improvements and additions to hotel properties</link:label>
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    <link:label id="lab_us-gaap_PaymentsToAcquireEquityMethodInvestments_BB3C5611A90AA21CF17D5FD629879C2C_negatedTerseLabel_en-US" xlink:label="lab_us-gaap_PaymentsToAcquireEquityMethodInvestments_BB3C5611A90AA21CF17D5FD629879C2C" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">Investment in joint venture, net</link:label>
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    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_PaymentsToAcquireEquityMethodInvestments" xlink:label="loc_us-gaap_PaymentsToAcquireEquityMethodInvestments_BB3C5611A90AA21CF17D5FD629879C2C" xlink:type="locator" />
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    <link:label id="lab_us-gaap_DueToAffiliateCurrentAndNoncurrent_C3A2CF31B0F8E04E3F73FC2E70C9537D_terseLabel_en-US" xlink:label="lab_us-gaap_DueToAffiliateCurrentAndNoncurrent_C3A2CF31B0F8E04E3F73FC2E70C9537D" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Unsecured Special Loan</link:label>
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