Acquisition of Hotel Properties

3 Months Ended

Mar. 31, 2014

Business Combinations [Abstract]

ACQUISITION OF HOTEL PROPERTIES

The Company had no hotel acquisitions during the three months ended March 31, 2014. The following unaudited pro forma financial information presents the results of operations of the Company for the three months ended March 31, 2013 as if the hotels acquired in 2013 were acquired on January 1, 2012. The pro forma results below exclude acquisition costs of $0.9 million for the three months ended March 31, 2013. 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, 2012 or the future results of operations (in thousands, except per-share data).

	For the three months ended March 31, 2013
Total revenues	$	116,121
Operating income (loss)	7,027
Net income (loss) attributable to common shareholders	(3,498		)
Net income (loss) per share available to common shareholders — basic	$	(0.06	)
Net income (loss) per share available to common shareholders — diluted	$	(0.06	)