Discontinued Operations (Tables)

12 Months Ended

Dec. 31, 2012

Schedule of operating results of discontinued operations

The following sets forth the discontinued operations for the years ended December 31, 2012, 2011 and 2010 for the four hotels and the commercial laundry facility held for sale as of December 31, 2012, the four hotels and the office building sold in 2012, the two hotel properties and the commercial laundry facility sold in 2011, the 10 hotel properties deeded back to lenders or sold by the receiver during 2010, and the Renaissance Westchester held in receivership until its reacquisition by the Company in June 2010, which all met the “held for sale” and “discontinued operations” criteria in accordance with the Property, Plant and Equipment Topic of the FASB ASC (in thousands):

	2012			2011			2010
Operating revenues	$	100,861		$	130,997		$	198,595
Operating expenses	(71,089		)	(96,581		)	(163,286		)
Interest expense	(6,490		)	(9,337		)	(29,071		)
Depreciation and amortization expense	(13,164		)	(16,188		)	(21,299		)
Impairment loss	—			(1,495		)	(1,943		)
Gain on extinguishment of debt	—			18,145			86,235
Gain on sale of hotels and other assets, net	38,292			14,912			—
Income from discontinued operations	$	48,410		$	40,453		$	69,231

- Definition

Tabular disclosure of disposal groups, which may include the gain (loss) recognized in the income statement and the income statement caption that includes that gain (loss), amounts of revenues and pretax profit or loss reported in discontinued operations, the classification and carrying value of the assets and liabilities comprising the disposal group, and the segment in which the disposal group was reported. Also may include the amount of adjustments to amounts previously reported in discontinued operations such as resolution of contingencies arising from the disposal transaction or the operations of the component prior to disposal.

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