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Consolidated Statements of Operations (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 9 Months Ended
Sep. 30, 2013
Sep. 30, 2012
Sep. 30, 2013
Sep. 30, 2012
Revenues:        
Room revenue $ 52,935 $ 51,894 $ 144,790 $ 142,118
Other revenue 3,960 3,736 11,200 10,360
Total revenue 56,895 55,630 155,990 152,478
Expenses:        
Operating expense 14,576 14,184 41,215 40,039
Hotel administrative expense 4,391 4,120 12,659 12,183
Sales and marketing 4,183 4,103 11,837 11,705
Utilities 2,410 2,377 6,368 6,305
Repair and maintenance 2,695 2,461 7,893 7,397
Franchise fees 2,318 2,234 6,225 6,028
Management fees 2,046 2,001 5,575 5,430
Property taxes, insurance and other 2,639 2,484 7,477 7,269
Land lease expense 1,600 1,599 4,805 4,802
General and administrative 1,253 1,548 3,990 4,566
Merger transaction costs 1,253 0 1,305 484
Depreciation expense 9,480 9,287 28,293 27,613
Total expenses 48,844 46,398 137,642 133,821
Operating income 8,051 9,232 18,348 18,657
Interest expense, net (4,004) (3,844) (11,156) (10,884)
Income before income taxes 4,047 5,388 7,192 7,773
Income tax expense (39) (53) (141) (150)
Net income $ 4,008 $ 5,335 $ 7,051 $ 7,623
Basic and diluted net income per common share (in Dollars per share) $ 0.04 $ 0.06 $ 0.08 $ 0.08
Weighted average common shares outstanding - basic and diluted (in Shares) 92,140 92,968 92,375 93,123