Investment in Hotel Properties (Tables)

6 Months Ended

Jun. 30, 2014

Investment in Hotel Properties

Schedule of investment in hotel properties

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

	June 30,		December 31,
	2014		2013
	(unaudited)
Land	$	450,304	$	439,304
Buildings and improvements		3,013,911		2,977,458
Furniture, fixtures and equipment		432,572		414,192
Intangibles		171,889		171,889
Franchise fees		1,167		1,346
Construction in process		45,244		34,643
		4,115,087		4,038,832
Accumulated depreciation and amortization		(884,192)		(807,450)
	$	3,230,895	$	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		Three Months Ended		Six Months Ended		Six Months Ended
	June 30, 2014		June 30, 2013		June 30, 2014		June 30, 2013
	(unaudited)		(unaudited)		(unaudited)		(unaudited)
Revenues	$	300,852	$	281,393	$	544,335	$	509,319
Income available (loss attributable) to common stockholders from continuing operations	$	34,179	$	23,844	$	26,334	$	(10,314)
Income (loss) per diluted share available (attributable) to common stockholders from continuing operations	$	0.19	$	0.15	$	0.14	$	(0.07)