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Consolidated Balance Sheets (USD $)
In Thousands, unless otherwise specified
Dec. 31, 2011
Dec. 31, 2010
ASSETS    
Property and equipment, at cost $ 2,667,682 $ 2,468,289
Less: accumulated depreciation (433,178) (396,686)
Property and equipment, net 2,234,504 2,071,603
Assets held for sale 263,399 0
Restricted cash 53,871 51,936
Due from hotel managers 50,728 50,715
Note receivable 54,788 57,951
Favorable lease assets, net 43,285 42,622
Prepaid and other assets 65,900 50,089
Cash and cash equivalents 26,291 84,201
Deferred financing costs, net 5,869 5,492
Total assets 2,798,635 2,414,609
Liabilities:    
Mortgage debt 762,933 780,880
Mortgage debt of assets held for sale 180,000 0
Senior unsecured credit facility 100,000 0
Total debt 1,042,933 780,880
Deferred income related to key money, net 24,593 19,199
Unfavorable contract liabilities, net 81,914 83,613
Due to hotel managers 41,676 36,168
Dividends declared and unpaid 13,594 0
Liabilities of assets held for sale 3,805 0
Accounts payable and accrued expenses 87,963 81,232
Total other liabilities 253,545 220,212
Stockholders' Equity:    
Preferred stock, $0.01 par value; 10,000,000 shares authorized; no shares issued and outstanding 0 0
Common stock, $0.01 par value; 200,000,000 shares authorized; 167,502,359 and 154,570,543 shares issued and outstanding at December 31, 2011 and December 31, 2010, respectively 1,675 1,546
Additional paid-in capital 1,708,427 1,558,047
Accumulated deficit (207,945) (146,076)
Total stockholders' equity 1,502,157 1,413,517
Total liabilities and stockholders' equity $ 2,798,635 $ 2,414,609