CASH FLOW DISCLOSURES AND NON-CASH INVESTING AND FINANCING ACTIVITIES

12 Months Ended

Dec. 31, 2011

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 in 2011, 2010 and 2009 totaled $42,726, $43,756 and $42,471, respectively. The following non-cash investing and financing activities occurred during 2011, 2010 and 2009:

	2011		2010			2009
Common Shares issued as part of the Dividend Reinvestment Plan	$	14	$	12		$	25
Acquisitions of hotel properties
Issuance of Common Units		204		6,256			-
Debt assumed, net of discount		62,552		11,937			37,524
Settlement of development loans receivable principal and accrued interest revenue receivable		8,300		7,839			21,760
Land and Mortgage transferred to Seller		-		-			10,118
Development loan accrued interest revenue receivable paid in-kind by adding balance to  development loan principal		2,094		2,559			2,247
Conversion of Common Units to Common Shares		639		12,434			255
Reallocation of noncontrolling interest		3,835		(6,374	)		-
Accrued payables for fixed assets placed in service		-		3,997			-