Investment In Hotel Properties (Tables)

6 Months Ended

Jun. 30, 2013

Investment In Hotel Properties [Abstract]

Investment In Hotel Properties

		June 30, 2013		December 31, 2012
Land	$	356,104	$	305,286
Buildings and Improvements		1,363,700		1,214,865
Furniture, Fixtures and Equipment		194,167		171,892
Construction in Progress		50,479		40,572
		1,964,450		1,732,615
Less Accumulated Depreciation		(292,330)		(265,902)
Total Investment in Hotel Properties	$	1,672,120	$	1,466,713

Wholly Owned Hotel Properties Acquired

Hotel	Acquisition Date		Land		Buildings and Improvements		Furniture Fixtures and Equipment		Franchise Fees and Loan Costs		Total Purchase Price
Hyatt Union Square, New York, NY	4/9/2013	$	32,940	$	79,300	$	9,760	$	1,945	$	123,945
Courtyard by Marriott, San Diego, CA	5/30/2013		15,656		51,674		3,671		183		71,184
Residence Inn,    Coconut Grove, FL	6/12/2013		4,146		17,456		218		75		21,895
Total		$	52,742	$	148,430	$	13,649	$	2,203	$	217,024

Results Of Operations For Hotels Acquired With 100% Interest

	For the Three and Six Months Ended,
	June 30, 2013
Hotel		Revenue		Net (Loss) Income
Hyatt Union Square, New York, NY	$	2,202	$	(1,747)
Courtyard by Marriott, San Diego, CA		1,314		343
Residence Inn, Coconut Grove, FL		261		(85)
Total	$	3,777	$	(1,489)

Condensed Pro Forma Financial Data

	For the Three Months Ended June 30,				For the Six Months Ended June 30,
	2013		2012		2013		2012
Pro Forma Total Revenues	$	109,418	$	105,115	$	190,147	$	181,155
Pro Forma Income from Continuing Operations	$	21,424	$	11,521	$	14,366	$	(467)
(Loss) Income from Discontinued Operations		(2,582)		7,289		(2,742)		11,272
Pro Forma Net Income		18,842		18,810		11,624		10,805
(Income) Loss allocated to Noncontrolling Interest		(235)		(849)		421		(107)
Preferred Distributions		(3,589)		(3,500)		(7,433)		(7,000)
Extinguishment of Issuance Costs Upon Redemption of Series A Preferred Stock						(2,250)
Pro Forma Net Income Applicable to Common Shareholders	$	15,018	$	14,461	$	2,362	$	3,698
Pro Forma Income applicable to Common Shareholders per Common Share
Basic	$	0.08	$	0.08	$	0.01	$	0.02
Diluted	$	0.07	$	0.08	$	0.01	$	0.02
Weighted Average Common Shares Outstanding
Basic		198,633,051		186,264,437		197,835,465		178,345,932
Diluted		201,201,337		189,011,990		201,083,900		178,345,932

Schedule Of Capitalized Expenditures Related To Hotel Development Projects And Renovations

	For the Three Months Ended June 30,				For the Six Months Ended June 30,
	2013		2012		2013		2012
Hampton Inn, Pearl Street, NY
Property Tax	$	84	$	67	$	167	$	134
Interest Expense		232		377		477		740
Utility		1		2		2		2
Total	$	317	$	446	$	646	$	876