Acquisitions

3 Months Ended

Mar. 31, 2013

Acquisitions [Abstract]

Acquisitions

3. Acquisitions

On July 13, 2012, the Company completed the acquisition of a SpringHill Suites by Marriott Hotel (the "SpringHill Suites Hotel") located in Peabody, Massachusetts.

On December 31, 2012, the Company acquired an aggregate 87.7% ownership interest in a Fairfield Inn hotel (the "FFI Hotel") located in East Rutherford, New Jersey.

Financial Information

The following table provides the total amount of rental revenue and net income included in the Company's consolidated statements of operations from the SpringHill Suites Hotel and the FFI Hotel since their respective dates of acquisition for the period indicated:

	For the Three Months Ended March 31, 2013
Rental revenue	$	1,234
Net loss	$	(584	)

The following table provides unaudited pro forma results of operations for the period indicated, as if the SpringHill Suites Hotel and the FFI Hotel had been acquired at the beginning of that period. Such pro forma results are not necessarily indicative of the results that actually would have occurred had these acquisitions been completed on the date indicated, nor are they indicative of the future operating results of the combined company.

	For the Three Months Ended March 31, 2012
Pro forma rental revenue	$	2,443
Pro forma net income	$	669
Pro forma net income per Company's common share, basic and diluted	$	0.12