Condensed Consolidated Balance Sheets (USD $) In Thousands, unless otherwise specified	Jun. 15, 2012	Dec. 31, 2011
ASSETS
Property and equipment, at cost	$ 2,681,505	$ 2,667,682
Less: accumulated depreciation	(474,302)	(433,178)
Property and equipment, net	2,207,203	2,234,504
Assets held for sale	0	263,399
Deferred financing costs, net	8,975	5,869
Restricted cash	61,026	53,871
Due from hotel managers	67,433	50,728
Note receivable	54,485	54,788
Favorable lease assets, net	42,355	43,285
Prepaid and other assets	69,875	65,900
Cash and cash equivalents	104,824	26,291
Total assets	2,616,176	2,798,635
Liabilities:
Mortgage debt	900,624	762,933
Mortgage debt of assets held for sale	0	180,000
Senior unsecured credit facility	0	100,000
Total debt	900,624	1,042,933
Deferred income related to key money, net	24,408	24,593
Unfavorable contract liabilities, net	81,050	81,914
Due to hotel managers	44,049	41,676
Liabilities of assets held for sale	0	3,805
Dividends declared and unpaid	155	13,594
Accounts payable and accrued expenses	79,791	87,963
Total other liabilities	229,453	253,545
Stockholders' Equity:
Preferred stock, $.01 par value; 10,000,000 shares authorized; no shares issued and outstanding	0	0
Common stock, $.01 par value; 200,000,000 shares authorized; 167,930,396 and 167,502,359 shares issued and outstanding at June 15, 2012 and December 31, 2011, respectively	1,679	1,675
Additional paid-in capital	1,707,879	1,708,427
Accumulated deficit	(223,459)	(207,945)
Total stockholders' equity	1,486,099	1,502,157
Total liabilities and stockholders' equity	$ 2,616,176	$ 2,798,635