XML 18 R37.htm IDEA: XBRL DOCUMENT v2.4.0.6
Discontinued Operations (Details) (USD $)
1 Months Ended 3 Months Ended 12 Months Ended 1 Months Ended 3 Months Ended 1 Months Ended 1 Months Ended
Mar. 31, 2013
item
Jan. 31, 2013
item
Mar. 31, 2013
item
Mar. 31, 2012
Dec. 31, 2012
item
Jan. 31, 2013
Preferred equity investment
Mar. 31, 2013
Preferred equity investment
Jan. 31, 2013
Rochester Portfolio
item
Mar. 31, 2013
Rochester Portfolio
Jan. 31, 2013
Kahler Grand
item
Jan. 31, 2013
Commercial laundry facility
Jan. 31, 2013
Kahler Inn & Suites
item
Jan. 31, 2013
Marriott Rochester
item
Jan. 31, 2013
Residence Inn by Marriott Rochester
item
Aug. 31, 2012
Marriott Del Mar
Mar. 31, 2012
Royal Palm Miami Beach
Sep. 30, 2012
Portfolio sale
item
Discontinued Operations                                  
Number of hotels and/or other assets sold   4 4   4     4                  
Number of rooms sold               1,222   660   271 202 89      
Net proceeds received from sale of hotel properties and other assets               $ 195,600,000             $ 17,700,000   $ 28,600,000
Payment of deposits towards potential acquisition 6,000,000   6,000,000 2,500,000                          
Number of hotels for which acquisition deposits were paid 2   2                            
Cash proceeds held by accommodator 139,434,000 139,434,000 139,434,000         139,400,000                  
Non-recourse mortgage cancelled                             47,100,000   75,600,000
Gain (loss) on sale   51,620,000 51,620,000 177,000       51,600,000             25,500,000 200,000 12,700,000
Preferred equity investment           25,000,000                      
Dividend yield on preferred equity investment (as a percent)           11.00%                      
Deferred gain on sale of asset 14,000,000 14,000,000 14,000,000     25,000,000   3,700,000                  
Dividends on the preferred equity investment             500,000                    
Working cash advance provided to buyer               3,700,000                  
Carrying value of asset net of deferred gain             0   0                
Portfolio pension plan liability               14,000,000                  
Repayment of debt                   26,700,000 400,000            
Loss on extinguishment of Debt     (3,115,000)             (3,100,000)              
Payments on notes payable and credit facility     (119,793,000) (10,225,000)                          
Total cost to extinguish debt                   29,800,000              
Write-off of deferred financing fees                             48,000   100,000
Accumulated other comprehensive loss                                  
Beginning balance of accumulated other comprehensive loss   (5,335,000) (5,335,000)                            
Sale of Rochester Portfolio - pension liability adjustment 5,335,000   5,335,000                            
Ending balance of accumulated other comprehensive loss         (5,335,000)                        
Discontinued Operations                                  
Deferred incentive management fees liability assumed by buyer of hotel                                 $ 2,200,000
Number of separate mortgages                                 3