Selected Quarterly Financial Data (Unaudited) (Tables)

12 Months Ended

Dec. 31, 2013

Selected Quarterly Financial Information [Abstract]

Selected Quarterly Financial Data (Unaudited)

	Year Ended December 31, 2013
	First Quarter		Second Quarter		Third Quarter		Fourth Quarter
Total Revenues	$	65,878	$	91,068	$	90,741	$	92,510
Total Expenses		73,174		71,703		87,512		90,820
(Loss) Income from Unconsolidated Joint Ventures		(396)		148		227		(1,814)
(Loss) Income from Continuing Operations		(7,692)		19,513		3,456		(124)
Income Tax Benefit		1,129		(1,222)		2,375		3,318
Income (Loss) from Discontinued Operations (including Gain on Disposition of Hotel Properties)		(1,113)		(206)		(3,532)		34,046
Net (Loss) Income		(7,676)		18,085		2,299		37,240
(Loss) Income Allocated to Noncontrolling Interests in Continuing Operations		(673)		210		(164)		962
Issuance Costs of Redeemed Preferred Stock		2,250		-		-		-
Preferred Distributions		3,844		3,589		3,589		3,589
Net (Loss) Income applicable to Common Shareholders	$	(13,097)	$	14,286	$	(1,126)	$	32,689
Basic and diluted earnings per share:
(Loss) Income from continuing operations applicable to common shareholders	$	(0.07)	$	0.08	$	0.01	$	0.00
Discontinued Operations		-		(0.01)		(0.02)		0.16
Net (Loss) Income applicable to Common Shareholders	$	(0.07)	$	0.07	$	(0.01)	$	0.16
Weighted Average Common Shares Outstanding
Basic		197,029,017		198,633,051		198,878,496		198,994,277
Diluted		197,029,017		201,201,337		201,644,633		198,994,277
	Year Ended December 31, 2012
	First Quarter		Second Quarter		Third Quarter		Fourth Quarter
Total Revenues	$	56,069	$	81,361	$	82,355	$	82,741
Total Expenses		65,623		73,097		77,480		80,059
(Loss) Income from Unconsolidated Joint Ventures		(730)		190		(1,431)		(153)
(Loss) Income from Continuing Operations		(10,284)		8,454		3,444		2,529
Income Tax Benefit		-		-		-		3,355
(Loss) Income from Discontinued Operations (including Gain on Disposition of Hotel Properties)		2,370		8,935		2,450		965
Net (Loss) Income		(7,914)		17,389		5,894		6,849
(Loss) Income Allocated to Noncontrolling Interests in Continuing Operations		(741)		796		(279)		66
Preferred Distributions		3,500		3,500		3,500		3,500
Net (Loss) Income applicable to Common Shareholders	$	(10,673)	$	13,093	$	2,673	$	3,283
Basic and diluted earnings per share:
(Loss) Income from continuing operations applicable to common shareholders	$	(0.09)	$	0.03	$	0.00	$	0.01
Discontinued Operations		0.03		0.04		0.01		0.01
Net Loss (Income) applicable to Common Shareholders	$	(0.06)	$	0.07	$	0.01	$	0.02
Weighted Average Common Shares Outstanding
Basic		170,427,428		186,264,437		196,360,325		196,411,729
Diluted		170,427,428		189,011,990		196,360,325		199,593,648