Investment in Hotel Properties (Tables)

3 Months Ended

Mar. 31, 2015

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,
	2015		2014
	(unaudited)
Land	$	570,011	$	570,011
Buildings and improvements		3,245,398		3,237,596
Furniture, fixtures and equipment		457,182		450,057
Intangibles		147,826		147,947
Franchise fees		1,167		1,167
Construction in process		93,394		68,275
Investment in hotel properties, gross		4,514,978		4,475,053
Accumulated depreciation and amortization		(977,853)		(936,924)
Investment in hotel properties, net	$	3,537,125	$	3,538,129

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, 2014
	(unaudited)
Revenues	$	260,987
Loss attributable to common stockholders	$	(3,173)
Loss per diluted share attributable to common stockholders	$	(0.02)