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Condensed Consolidated Balance Sheets (Unaudited) (USD $)
In Thousands
Jun. 17, 2011
Dec. 31, 2010
ASSETS    
Property and equipment, at cost $ 2,901,026 $ 2,468,289
Less: accumulated depreciation (439,324) (396,686)
Property and equipment, net 2,461,702 2,071,603
Deferred financing costs, net 6,935 5,492
Restricted cash 75,812 51,936
Due from hotel managers 60,340 50,715
Note receivable 57,346 57,951
Favorable lease assets, net 43,825 42,622
Prepaid and other assets 75,232 50,089
Cash and cash equivalents 20,918 84,201
Total assets 2,802,110 2,414,609
Liabilities:    
Mortgage debt 921,094 780,880
Senior unsecured credit facility 115,000 0
Total debt 1,036,094 780,880
Deferred income related to key money, net 20,564 19,199
Unfavorable contract liabilities, net 82,923 83,613
Due to hotel managers 37,408 36,168
Dividends declared and unpaid 13,549 0
Accounts payable and accrued expenses 87,827 81,232
Total other liabilities 242,271 220,212
Stockholders' Equity:    
Preferred stock, $.01 par value; 10,000,000 shares authorized; no shares issued and outstanding 0 0
Common stock, $.01 par value; 200,000,000 shares authorized; 167,385,657 and 154,570,543 shares issued and outstanding at June 17, 2011 and December 31, 2010, respectively 1,674 1,546
Additional paid-in capital 1,706,887 1,558,047
Accumulated deficit (184,816) (146,076)
Total stockholders' equity 1,523,745 1,413,517
Total liabilities and stockholders' equity $ 2,802,110 $ 2,414,609