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Acquisition of Hotel Properties
 3 Months Ended
Mar. 31, 2012
Business Combinations [Abstract]  
ACQUISITION OF HOTEL PROPERTIES
Acquisition of Hotel Properties
The Company had no hotel acquisitions during the quarter ended March 31, 2012. The following unaudited pro forma financial information presents the results of operations of the Company for the three months ended March 31, 2012 and 2011 as if the hotels and the interest in the joint venture acquired in 2011 were acquired on January 1, 2010. The pro forma results below excluded acquisition costs of $1.7 million for the three months ended March 31, 2011. The unaudited pro forma results have been prepared for comparative purposes only and do not purport to be indicative of either the results of operations that would have actually occurred had these transactions occurred on January 1, 2010 or the future results of operations (in thousands, except per-share data).
 
 
For the three months
ended March 31,
 
2012
 
2011
 
(Unaudited)
Total revenues
$
77,474

 
$
73,112

Operating income (loss)
1,427

 
1,360

Net income (loss) attributable to common shareholders
(7,247
)
 
(5,909
)
Net income (loss) per share attributable to common shareholders — basic and diluted
$
(0.14
)
 
$
(0.12
)