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Condensed Consolidated Balance Sheets (USD $)
In Thousands, unless otherwise specified
Mar. 23, 2012
Dec. 31, 2011
ASSETS    
Property and equipment, at cost $ 2,673,080 $ 2,667,682
Less: accumulated depreciation (453,882) (433,178)
Property and equipment, net 2,219,198 2,234,504
Assets held for sale 0 263,399
Deferred financing costs, net 9,697 5,869
Restricted cash 56,099 53,871
Due from hotel managers 51,674 50,728
Note receivable 54,788 54,788
Favorable lease assets, net 43,054 43,285
Prepaid and other assets 67,372 65,900
Cash and cash equivalents 128,570 26,291
Total assets 2,630,452 2,798,635
Liabilities:    
Mortgage debt 903,331 762,933
Mortgage debt of assets held for sale 0 180,000
Senior unsecured credit facility 0 100,000
Total debt 903,331 1,042,933
Deferred income related to key money, net 24,445 24,593
Unfavorable contract liabilities, net 81,483 81,914
Due to hotel managers 41,740 41,676
Liabilities of assets held for sale 0 3,805
Dividends declared and unpaid 13,600 13,594
Accounts payable and accrued expenses 76,549 87,963
Total other liabilities 237,817 253,545
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; 167,918,292 and 167,502,359 shares issued and outstanding at March 23, 2012 and December 31, 2011, respectively 1,679 1,675
Additional paid-in capital 1,706,490 1,708,427
Accumulated deficit (218,865) (207,945)
Total stockholders' equity 1,489,304 1,502,157
Total liabilities and stockholders' equity $ 2,630,452 $ 2,798,635