Net Investment in Hotels (Tables)

9 Months Ended

Sep. 30, 2013

Net Investment in Hotels

Schedule of Hotel Properties

	September 30, 2013		December 31, 2012
Buildings	$	479,605	$	106,885
Building and site improvements		8,140		2,570
Land		98,650		23,555
Furniture, fixtures and equipment		38,218		8,170
Construction in progress		3,950		1,585
Hotels, at cost		628,563		142,765
Less: Accumulated depreciation		(11,519)		(1,392)
Net investments in hotels	$	617,044	$	141,373

Schedule of Assets Acquired in Business Combinations

		Hilton Southeast Portfolio		Courtyard Pittsburgh Shadyside		Hutton Hotel Nashville		Holiday Inn Manhattan 6th Avenue Chelsea		Fairmont Sonoma Mission Inn & Spa (a)		Marriott Raleigh City Center (a)
Cash consideration		$	94,600	$	29,900	$	73,600	$	113,000	$	76,647	$	82,193
Assets acquired at fair value:
	Land	$	16,050	$	3,515	$	7,850	$	30,023	$	17,657	$	-
	Building		71,906		25,484		59,990		81,333		66,423		67,541
	Building and site improvements		1,607		349		230		65		-		1,004
	Furniture, fixtures and equipment		5,008		534		5,500		1,579		7,670		3,881
	Accounts receivable		-		-		-		-		75		172
	Other assets (b)		29		18		30		-		1,229		10,798
Liabilities assumed at fair value:
	Accounts payable, accrued expenses and other liabilities		-		-		-		-		(3,604)		(1,203)
Contributions from noncontrolling interests at fair value			-		-		-		-		(12,803)		-
Net assets acquired at fair value		$	94,600	$	29,900	$	73,600	$	113,000	$	76,647	$	82,193

Schedule Of Revenues and Net Income

	For the Period from
	February 14, 2013		March 12, 2013		May 29, 2013		June 6, 2013		July 10, 2013		August 13, 2013
	through		through		through		through		through		through
	September 30, 2013		September 30, 2013		September 30, 2013		September 30, 2013		September 30, 2013		September 30, 2013
Revenues	$	14,610	$	3,889	$	8,064	$	5,602	$	10,495	$	2,906
Net income	$	3,171	$	1,077	$	1,870	$	2,000	$	2,123	$	564

Pro Forma Information

		Three Months Ended September 30,				Nine Months Ended September 30,
		2013		2012		2013(a)		2012
Pro forma total revenues		$	44,741	$	40,405	$	119,927	$	118,776
Pro forma net income (loss)			1,795		438		(1,352)		(14,745)
Add: (Income) loss from continuing operations attributable to noncontrolling interests			(1,089)		690		1,766		2,829
Pro forma income (loss) from continuing operations attributable to CWI stockholders		$	706	$	1,128	$	414	$	(11,916)
Pro forma income (loss) per share:
	Net income (loss) attributable to CWI stockholders	$	0.01	$	0.04	$	0.01	$	(0.43)
	Pro forma weighted average shares outstanding (b)		50,938,677		28,659,596		39,391,497		28,018,156