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SUBSEQUENT EVENTS
6 Months Ended
Jun. 30, 2012
SUBSEQUENT EVENTS
NOTE 11 - SUBSEQUENT EVENTS

On July 2, 2012, we purchased the Residence Inn in Arlington, TX for approximately $15.5 million.
 
Pursuant to our prospectus filed with the Securities Exchange Commission on March 1, 2012, holders of 745,130 Common Units tendered their Common Units for redemption, and these were redeemed on a one-for-one basis with shares of our common stock on July 2, 2012.