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Acquisitions (Tables)
 6 Months Ended
Jun. 17, 2011
Business Combinations [Abstract]  
Schedule of Acquired Assets and Liabilities
The preliminary allocation of fair value to the acquired assets and liabilities of the hotels acquired as of June 17, 2011, which may be adjusted upon receipt of all information necessary for the finalization of appraisals is as follows (in thousands):
 
 
JW Marriott Denver
 
Radisson Lexington
Land
 
$
9,200


 
$
92,000


Building
 
63,321


 
229,807


Furnitures, fixtures and equipment
 
1,600


 
13,400


Total fixed assets
 
74,121


 
335,207


Favorable lease assets
 
—




1,586


Unfavorable lease liabilities
 
—




(161
)
Environmental remediation liability
 
—




(592
)
Net other assets and liabilities
 
79


 
725


Total
 
$
74,200


 
$
336,765
Pro Forma Operating Information
The pro forma information is not necessarily indicative of the results that actually would have occurred nor does it intend to indicate future operating results.
 
Fiscal Quarter Ended
 
Period from
 
June 17, 2011
 
June 18, 2010
 
January 1, 2011 to June 17, 2011
 
January 1, 2010 to June 18, 2010
Revenues
$
186,625




$
184,404




$
316,737




$
313,550


 














Net income (loss)
888




4,403




(12,282
)


(6,892
)
 














Earnings (loss) per share - Basic and Diluted
$
0.01




$
0.03




$
(0.07
)


$
(0.05
)