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Consolidated Balance Sheets (USD $)
In Thousands, unless otherwise specified
Dec. 31, 2012
Dec. 31, 2011
ASSETS    
Property and equipment, at cost $ 3,131,175 $ 2,667,682
Less: accumulated depreciation (519,721) (433,178)
Property and equipment, net 2,611,454 2,234,504
Assets held for sale 0 263,399
Restricted cash 76,131 53,871
Due from hotel managers 68,532 50,728
Note receivable 53,792 54,788
Favorable lease assets, net 40,972 43,285
Prepaid and other assets 73,814 65,900
Cash and cash equivalents 9,623 26,291
Deferred financing costs, net 9,724 5,869
Total assets 2,944,042 2,798,635
Liabilities:    
Mortgage debt 968,731 762,933
Mortgage debt of assets held for sale 0 180,000
Senior unsecured credit facility 20,000 100,000
Total debt 988,731 1,042,933
Deferred income related to key money, net 24,362 24,593
Unfavorable contract liabilities, net 80,043 81,914
Due to hotel managers 51,003 41,676
Liabilities of assets held for sale 0 3,805
Dividends declared and unpaid 15,911 13,594
Accounts payable and accrued expenses 88,879 87,963
Total other liabilities 260,198 253,545
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; 400,000,000 shares authorized; 195,145,707 and 167,502,359 shares issued and outstanding at December 31, 2012 and 2011, respectively 1,951 1,675
Additional paid-in capital 1,976,200 1,708,427
Accumulated deficit (283,038) (207,945)
Total stockholders' equity 1,695,113 1,502,157
Total liabilities and stockholders' equity $ 2,944,042 $ 2,798,635