Investment in Hotel Properties (Tables)

3 Months Ended

Mar. 31, 2014

Investment in Hotel Properties

Schedule of investment in hotel properties

Investment in hotel properties, net consisted of the following (in thousands):

	March 31,		December 31,
	2014		2013
	(unaudited)
Land	$	439,304	$	439,304
Buildings and improvements		2,986,687		2,977,458
Furniture, fixtures and equipment		422,676		414,192
Intangibles		171,889		171,889
Franchise fees		1,346		1,346
Construction in process		51,628		34,643
		4,073,530		4,038,832
Accumulated depreciation and amortization		(845,751)		(807,450)
	$	3,227,779	$	3,231,382

Effects of acquisitions on results of operations

In the Company’s opinion, all significant adjustments necessary to reflect the effects of the acquisitions have been made (in thousands, except per share data):

	Three Months Ended
	March 31, 2013
	(unaudited)
Revenues	$	227,926
Loss attributable to common stockholders from continuing operations	$	(34,404)
Loss per diluted share attributable to common stockholders from continuing operations	$	(0.23)