Cash Flow Disclosures And Non Cash Investing And Financing Activities

9 Months Ended

Sep. 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 nine months ended September 30, 2013 and 2012 totaled $31,774 and $32,238, 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	$	27	$	16
Acquisition of hotel properties and consolidation of variable interest entities:
Debt assumed, net of discount		-		85,913
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		376
Reallocation of noncontrolling interest		-		(528)