XML 29 R50.htm IDEA: XBRL DOCUMENT v2.4.0.6
Summary of Significant Accounting Policies (Details 7) (USD $)
1 Months Ended 12 Months Ended 12 Months Ended 1 Months Ended
Jun. 30, 2010
Dec. 31, 2011
Dec. 31, 2010
Dec. 31, 2009
Dec. 31, 2009
Maximum
Dec. 31, 2009
Minimum
Dec. 31, 2010
Office building and land adjacent to one of the hotels
Dec. 31, 2011
Royal Palm note
Dec. 31, 2011
Total at the end of the period
Dec. 31, 2010
Total at the end of the period
Dec. 31, 2011
Level 2
Dec. 31, 2010
Level 2
Dec. 31, 2009
Level 3
Dec. 31, 2011
Level 3
Dec. 31, 2010
Level 3
Dec. 31, 2011
Level 3
Maximum
Dec. 31, 2011
Level 3
Minimum
Jun. 30, 2011
Level 3
Commercial laundry facility located in Salt Lake City, Utah
Dec. 31, 2011
Robert A. Alter
installment
Dec. 31, 2011
Robert A. Alter
Level 2
Dec. 31, 2010
Robert A. Alter
Level 2
Dec. 31, 2011
Doubletree Guest Suites Times Square
Jan. 31, 2011
Doubletree Guest Suites Times Square
Dec. 31, 2011
Entity that owns the Hilton San Diego Bayfront
Apr. 30, 2011
Entity that owns the Hilton San Diego Bayfront
Feb. 28, 2011
JW Marriott New Orleans
Interest Rate Swap Agreement
Dec. 31, 2011
JW Marriott New Orleans
Level 2
Interest Rate Swap Agreement
Dec. 31, 2011
Doubletree Guest Suites Times Square and Hilton San Diego Bayfront hotel
Fair value of assets and liabilities measured at fair value on a recurring and non-recurring basis                                                        
Ownership interest acquired (as a percent)                                           62.00% 62.00% 75.00% 75.00%      
Split life insurance policy                                     $ 5,000,000                  
Number of installments to be paid out under the Retirement Benefit Agreement                                     10                  
Amount paid under the Retirement Benefit Agreement                                     200,000                  
Issuance of note receivable   90,000,000           90,000,000                                        
Impairment recognized in discontinued operations                         192,286,000         1,500,000                    
Impairment loss 1,900,000 10,862,000 1,943,000 30,852,000     1,900,000 10,900,000                                        
Terminal capitalization rate used in impairment analysis of hotel properties and other assets (as a percent)         9.60% 8.10%                                            
Discount rate used in impairment analysis of goodwill (as a percent)         13.80% 13.00%                                            
Percentage of debt having fixed interest rates (as a percent)   73.40% 100.00%                                                  
Carrying value of secured debt   1,570,477,000 1,131,530,000                                                  
Weighted average cost of debt (as a percent)                               7.00% 6.00%                      
Fair value of debt                           1,500,000,000 1,100,000,000                          
Assets:                                                        
Other real estate of discontinued operations, net     896,000                                                  
Interest rate cap derivative agreements                 386,000   386,000                                 400,000
Other real estate, net   11,859,000 11,116,000             2,506,000                                    
Life insurance policy                 1,877,000 1,868,000 1,877,000 1,868,000               1,877,000 1,868,000              
Total assets                 2,263,000 4,374,000 2,263,000 1,868,000     2,506,000                          
Liabilities:                                                        
Retirement benefit agreement                 1,687,000 1,868,000 1,687,000 1,868,000               1,687,000 1,868,000              
Interest rate swap derivative agreements                 1,567,000   1,567,000                             300,000 1,600,000  
Total liabilities                 $ 3,254,000 $ 1,868,000 $ 3,254,000 $ 1,868,000