Acquisition of Hotel Properties (Tables)

12 Months Ended

Dec. 31, 2014

Business acquisition, unaudited proforma information

The following unaudited pro forma financial information presents the results of operations of the Company for the years ended December 31, 2014 and 2013 as if the hotels acquired in 2014 and 2013 were acquired on January 1, 2013 and 2012, respectively. The following hotels' pro forma results are included in the pro forma table below: Embassy Suites San Diego Bay-Downtown; Redbury Hotel; Hotel Modera; Radisson Hotel Fisherman's Wharf; Prescott Hotel; The Nines, a Luxury Collection Hotel, Portland; The Westin Colonnade Coral Gables; Hotel Palomar Los Angeles - Westwood; Union Station Hotel, Autograph Collection; and Revere Hotel Boston Common. The pro forma results below exclude acquisition costs of $2.0 million and $3.4 million for the years ended December 31, 2014 and 2013, respectively. 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 or the future results of operations (in thousands, except per-share data).



	For the year ended December 31,
	2014		2013
	(Unaudited)
Total revenues	$	708,928	$	663,000
Operating income (loss)	111,725		92,092
Net income (loss) attributable to common shareholders	64,095		49,244
Net income (loss) per share available to common shareholders — basic	$	0.97	$	0.75
Net income (loss) per share available to common shareholders — diluted	$	0.96	$	0.74