Investment In Hotel Properties (Tables)

3 Months Ended

Mar. 31, 2014

Investment In Hotel Properties [Abstract]

Investment In Hotel Properties

		March 31, 2014		December 31, 2013
Land	$	324,788	$	339,027
Buildings and Improvements		1,290,501		1,222,639
Furniture, Fixtures and Equipment		175,089		171,116
Construction in Progress		38,411		63,168
		1,828,789		1,795,950
Less Accumulated Depreciation		(269,956)		(260,115)
Total Investment in Hotel Properties	$	1,558,833	$	1,535,835

Wholly Owned Hotel Properties Acquired

Hotel	Acquisition Date		Land		Buildings and Improvements		Furniture Fixtures and Equipment		Ground Lease Intangible		Franchise Fees and Loan Costs		Total Purchase Price		Assumption of Debt
Hotel Oceana, Santa Barbara, CA	2/28/2014	$	-	$	55,080	$	805	$	(14,230)	$	273	$	41,928	$	24,924

Condensed Pro Forma Financial Data

	Three Months Ended March 31,
	2014		2013
Pro Forma Total Revenues	$	81,148	$	75,678
Pro Forma Loss from Continuing Operations	$	(5,550)	$	(5,171)
Loss from Discontinued Operations		(1,333)		(1,115)
Pro Forma Net Loss		(6,883)		(6,286)
Loss Allocated to Noncontrolling Interest		(495)		(721)
Preferred Distributions		(3,589)		(3,844)
Extinguishment of Issuance Costs Upon Redemption of Series A Preferred Shares		-		(2,250)
Pro Forma Net Loss Applicable to Common Shareholders	$	(10,967)	$	(13,101)
Pro Forma Loss Applicable to Common Shareholders per Common Share
Basic	$	(0.05)	$	(0.07)
Diluted	$	(0.05)	$	(0.07)
Weighted Average Common Shares Outstanding
Basic		200,743,751		197,029,017
Diluted		200,743,751		197,029,017

Schedule Of Capitalized Expenditures Related To Hotel Development Projects And Renovations

	Three Months Ended March 31,
	2014		2013
Property Tax	$	110	$	84
Interest Expense		242		275
Utility		8		1
Total	$	360	$	360