Equity Investment in Real Estate (Tables)

9 Months Ended

Sep. 30, 2013

Equity Investments in Real Estate

Schedule Equity Method Investments

			Ownership Interest	Carrying Value at
Investment		Hotel	at September 30, 2013	September 30, 2013		December 31, 2012
Westin Atlanta Venture	(a)	Westin Atlanta Perimeter North	57%		10,982		11,978
Hyatt French Quarter Venture	(b)	Hyatt New Orleans French Quarter	80%		4,873		12,968
Long Beach Venture	(c)	DoubleTree Hotel Maya Long Beach Residence Inn Long Beach Downtown	—		-		20,202
				$	15,855	$	45,148

	Three Months Ended September 30,				Nine Months Ended September 30,
Venture	2013		2012		2013		2012
Long Beach Venture (a)	$	1,928	$	900	$	2,601	$	1,268
Hyatt French Quarter Venture		(1,524)		28		(1,006)		77
Westin Atlanta Venture		(287)		-		(996)		-
	$	117	$	928	$	599	$	1,345

Financial Information Of Venture Properties

					September 30, 2013		December 31, 2012
Real estate, net					$	80,509	$	143,872
Other assets						13,492		21,620
Total assets						94,001		165,492
Debt						(63,490)		(98,211)
Other liabilities						(13,288)		(16,538)
Total liabilities						(76,778)		(114,749)
Members’ equity					$	17,223	$	50,743
	Three Months Ended September 30,				Nine Months Ended September 30,
	2013 (a)		2012		2013 (a)		2012
Revenues	$	7,967	$	9,468	$	37,352	$	25,808
Expenses		(9,491)		(9,550)		(40,473)		(27,197)
Gain on sale of real estate
Net loss	$	(1,524)	$	(82)	$	(3,121)	$	(1,389)