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Cash Flow Disclosures And Non Cash Investing And Financing Activities
 6 Months Ended
Jun. 30, 2013
Cash Flow Disclosures And Non Cash Investing And Financing Activities [Abstract]  
Cash Flow Disclosures And Non Cash Investing And Financing Activities

NOTE 11 – CASH FLOW DISCLOSURES AND NON CASH INVESTING AND FINANCING ACTIVITIES

 

Interest paid during the six months ended June 30, 2013 and 2012 totaled $18,843 and $22,646, respectively. The following non-cash investing and financing activities occurred during 2013 and 2012:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2013

 

2012

Common Shares issued as part of the Dividend Reinvestment Plan

 

$
19 

 

$
8 

Acquisition of hotel properties and consolidation of variable interest entities

 

 

 

 

 

 

   Debt assumed, net of discount

 

 

 -

 

 
73,038 

Development loan accrued interest revenue receivable paid in-kind by adding balance to development loan principal

 

 

 -

 

 
678 

Settlement of development loan receivable principal and accrued interest revenue receivable

 

 
13,303 

 

 

 -

Disposition of hotel properties

 

 

 

 

 

 

Investment in hotel properties, net, conveyed to mortgage lender

 

 

 -

 

 
1,938 

Debt conveyed to mortgage lender

 

 

 -

 

 
2,940 

Debt assumed by purchaser

 

 

 -

 

 
54,217 

Conversion of Common Units to Common Shares

 

 
106 

 

 
52 

Reallocation of noncontrolling interest

 

 

 -

 

 
1,548