Quarterly Operating Results (Unaudited)

12 Months Ended

Dec. 31, 2011

Quarterly Operating Results [Abstract]

QUARTERLY OPERATING RESULTS (UNAUDITED)

NOTE 14. QUARTERLY OPERATING RESULTS (UNAUDITED)

The Company's unaudited consolidated quarterly operating data for the years ended December 31, 2011 and 2010 (in thousands, except per-share data) follows. In the opinion of management, all adjustments (consisting of normal recurring accruals) necessary for a fair presentation of quarterly results have been reflected in the data. It is also management's opinion, however, that quarterly operating data for hotel properties are not indicative of results to be achieved in succeeding quarters or years.

	Year Ended December 31, 2011
	First Quarter			Second Quarter		Third Quarter		Fourth Quarter
Total revenues	$	42,665		$	73,110	$	87,803	$	84,409
Net income (loss)		(3,044	)		4,299		5,838		8,106
Net income (loss) attributable to the Company		(3,044	)		4,214		5,724		7,962
Net income (loss) attributable to common shareholders		(3,591	)		1,753		2,825		3,456
Net income (loss) per share available to common shareholders, basic and diluted	$	(0.09	)	$	0.03	$	0.05	$	0.07

	Year Ended December 31, 2010
	First Quarter			Second Quarter			Third Quarter			Fourth Quarter
Total revenues	$	—		$	2,216		$	21,637		$	33,908
Net income (loss) attributable to the Company		(599	)		(3,814	)		(308	)		(1,921	)
Net income (loss) attributable to common shareholders		(599	)		(3,814	)		(308	)		(1,921	)
Net income (loss) per share available to common shareholders, basic and diluted	$	(0.03	)	$	(0.19	)	$	(0.01	)	$	(0.05	)